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HomeMy WebLinkAbout0027 1 ~•~~~i~ ~~.?:;~::i . r.;~..i ~ . , i?,,:~:~.~,~i , . , , ~'.t`. 1: . f ,~f) t:. 't• ri- Il.:~'t~) ~;h:.. . r~~.u;rc• ~+::•~ril~.1 ur.'._t ~ ~ . . !:~i~.J. :~1:\~ .iliy.i~...~•. ~•l ~ i~,,.~r~ ,;,~i11 S~~ If~:\ :.~f.~i`1.. ~~1 i. 't ~ } ~ ' i' j ~ i!f .~,1ric~f 1~cri•.~•~. ~1~.~11 I~r~~ ti1~ itn!4h•~~I~~c.. ~~i It._,~:~ .~r ~i~ .;r.~) ~ . \l~ it:.:~r l'~:~r.. t~~~~.~rt 1 rn~ier ~rc~ !i~ ~~tl i ~rttitc ~~1 ~~:~•~n' ~ i. .'t :it::~,i~,~~..!~::II ;~:~'.:.h!~~ ~,~,,r. +~,~•i.. (c,,::~ I i•!~~i~i t.~ Rr,r~~n~ri tri~it,•.iin:~ ~~.~ttairul thcrc,~f. .ir~~! ~h.:71 hc:~r i;:h::..t';;, ::t cl:,t~' ~li~h~~r.rntc:~t :~t !L~ r.~!~ ~~,:~;~i~}r fi~~,n tirur 1~, I~n,r ~m nftl~.t:~ti,tin,r rri~~~i~~:il ~+n~!~r th~ \~~t~ unlc••~ ~~:r:tn.c;t c,f intirr~i .~t ~u~h r:~t~ ~~.,~:!.I h~ :.~~:t~.~n' .,i~~,li~,~hl.• I.r.ti. ii~ ~~hi~h r~~ut ~~i:h ;;nt~~~~nic ~1~::11 !~~•.,r in,cr..1 .U litc h;•.`:., t t.~ic ~h`~::ti,•i!Jc u;,~!. r ' .,F,!~. 1:~•.~. t1~;•~, :~~n?.iii:i•,1 i,~ tl~~~ ~~..r.~rt:~~ h 7 •,~,.~ll ~ry~titt ( c~u~~r irc:~r :~ny ~ , r . . .~n)' tii~n h~ rr~~~ilrr. R. lnsprctic?n. 1 r r..'t•r r.:.t\ 711.~},C ~~1 ~:ilN~ tll ~~l' !}i:~~1i' fC.Ni~I~:iF)~l` l't11ifC~ Il~lull :1~1/~ Ill~jtt'il!~~h\ i~~ t~l~ ~~f~~~`.'fl\'. ~'l~~1:~~~'l~ II::~t I.rn~!cr ~h,it! t;i~.• R, rr~'~~c~ n~~ti._r ~~li.~t t~~ :ut}' ~tt~h in~~•citi~~n ~pcci(~'it;~; tc.i~~~r.:~blC c.~u~c lhr~r(.~r rclalr~l i~+ 1 ct~clrr~s inhrc~t in thr Prc~~wt~•• . 9. C~~ntlcmi~ati~n?. 'I}•r ,~rr,i•r<i. ~~f :~i:~' :~t~..~~~1 .ta;:~:? f~~r ~t.in~:}t~•ti. ~!irc•ct i:~ t•~r~.c~~~trr:l~:il. in innnc~li~~n ~~;t:~ ::ny i(~flf}Cfl111.t:ii~fl 11t (i~}}fC 1::~11+:• ~~f 2f1~ {~f~~l~l'1~~'. ~~7 ~l;l1~ ~ilc'fC~~~. /l~ ~~.r c~,i~~c~•:~i~ir in tiru ~f r~,nclC111!!:~t1U11. :1i1' ~ilSCF1\' :1~~~.!t'fl~'l~ an~l ~!~:~l1 bc p:~id tr 1 end~ r. ~Il If1C l'l~(1I 11~ .1 S~~t^.~ 1.'~:~ttl i`( 1{l~ ~~I~i~~~ili~'. 1~:~' ~~I~~iCCI~? ?fl:l~~ ~`t ~1i1~ ~~l i~1C tiUR1S 1CCtIfC(~ t1)' t~lli t~~:f.'~::tit. «i,h th~ ~~~~•.c. if :~r~~. l,.,~~1 ~,,r~,,~~L[ in Ihc ~t~rt .t ~~:irti:il f;tF.it~_ .~f 1h~ Ptr~ c?t)•. ~uil~~c N~~rrc~tt~er .~:~i1 !~~•u!~•r ~~thcrwe<< :r,~re~c ir~ urit;~~ I},:rr ~~:_11 Ik :~~~~,Grd t.• the .:mi. uc~~rrd ~hi: \t~n~~.~g~ w:h ~~:~~~+c,rti~n ~•t thr ~~t; .-~~•ds a~ is eyu:+l t~~ th:±t p:,~;~;~rti~,;i th~ .:m.,~ntt ~~f tl~r .~~nt. ~r,t+~cd h~ th~: \t„rts•::~~ inttt;c~li:~tc~c ~+ri~~r t~~ I:t~ tLit~, i~f taking h.an tu tlic f::ir m.~~i,rt ~:~t~r thr P~,~~.,•ttc i~iitnrui.,Ic+) ~r,i~r tci th~ J: tr nf t.~kin~, ~~i~h thc haleitc~ ~f thc r,~~rc«1~ paid t~~ Rorro.~er. li 1h~ P~.~peri~• i: ;:h,~nd~~;~e~i bi~ Bnrii.~+cr. ~~r if. :iflcr m~tirc hy I.cs~ucr t~ Bc•rn.u•cr th:~t If~r condemnor ofiers to make an :e..ard c~r cettle a claim tor dama~•~.. B~~rr~~wrr fail~ t~~ re.~md t~ t endc,- w~i~hin 3Q da~•s aficr lhc dalc surh noti~c is maile~l. 1_rndrr ic authorized t~i rnllect and ar~+ly the pr~creds, at Lendcr'ti ~ption, either to restorati~n or repair af the Pro~~tr or t~• thc wn~. ~ccured h~• thic !~tortea~,c. Unirt~ (.cnJir .,~d Anrro++cr ~~thcr~~i~r ~~rc~ in ~.ritim~. ~m• ~uch ~~~~+!icntion ~f rrncccdc t~. princip~) shal) n~t c~tcnd .~r ~x~.t~.one ihe duc d:~tc th~ tI1Cr.thl\' i?1St:lIIrtlCl~li rcferrrd to in p:+ra~,r.iphc 1 and 2 hercof or changc thc arm~.unt of such installments. 10. Bnrro~+er \01 Relea~rd. £~tcn~ion ~f thc time for ~a~•ment ~r mndification of am~rtizalion of the sumc secured b~• th~s rl~ngage gr:,ntrd bc 1 e~.l~r ti~ am• ~ucce~«~r in inhrc+t of Borrou~rr ~hall not ~Ex:rate to release, in any m:snner, the liahility e~f the ori;insl R~rro~.er and $~~rmwer'~ succes«~c in intere~t. I_ender shall not 'rx: required to commerce pr~~ceedin~ti acainct such .uccessor ~r reft~se to e~tend timr for parm~nt or otherv~•itie modi~}' amortization of the si~ms securrd h~• thi~ ?11~rttage h~• reat~~n ~~f an}' drm.tnc! rnsde b~ the ~r'r,ina) I3errnwer an~1 }3~rmW~cr's ~ticce~.ors in intcrc~~. ll. Forhearancr by i.ender \i~t a\~'ai~cr. An~ f~~rhear~nre b}• T.encler in e~crc:~in~ am~ ri~ht or remedy hetee?rtder, or ~~thetu~i~e atTorde.l b~• :,pplic~Mc law•, ch:~ii nc.i he a w'c,i~'er ~f e~r precludc the e~ercite of any cuch right ~~r remedy. 'I he rrori~remem ~i in~uran,c or the }~:~}•ment uf ta~e. c~r nt!~ec (ient ~r ch.lr~;es hy I_ender ~h; lt nnt he a~+ai~~er of l.encfrr's right t~~ acceiet:~tc the maturi*~- of tne indehtedne.c .ec~rr~.•d h~ thi: ~?1~rlLa^e. ~2. Rrtnrdir+ f'umulati~c. :~i! zrmc.tirs pr.~ci~icd ir. tl~i; \tort~tag~ :,rc ~ii~tinit an~l cum~:t: titr to any othcr ii~ ht i~r -emrt!y iinder thi. ~t~-;,•a~,r c~r ;1T.~rdzd h~~ la.~ ~~r eyuil~~. :~n~t m:~~• tx: r~crci~cJ c~ncurmntl}•. ir.;lc{+~ndently or sn.cc~ti~~c(y- 13: Cuccc~~nrs. an~l .~cci~nc B~nsnd: Joint :~nd Sc~eral [_iabilit~•: Ca~~tion~. ih~ ~o~•r„~r.ts :~nd ~~rrem~:tt: ;^crein cc~ntainr.l ~ha11 :-ir..1. .:~d th~ ri~•h:ti h~rr::«: er •.h:~l! ~nure t!~r rrcj~~cti~c ti,;:ce~s~~rc asid a«i~~~4 of Lender ar.d P.~~rr:~:~er. ti~~hjrct M t1;c rr.~~ i~i~~~~: ~~f par::~ra~h I? h~rcc~f. :~~1 ~~••.r~::~nt~ and :~,r~emcns~ c~f Rnrro~+-cr ~h:+ll h:, j~int :+nd <<~•:rrsl. "f~he c+~~tion. an~i hc.,.iin~ti ~f th~ ~;r:,,r:~~+h. i~f thi: \tc~riti.~,c a~~ f.~r ~~~m~enienc~ ~~nly and ~re n~~t to h~: u,ed to imer~rct oc define t}ti~ pr.~~ icirati herci~f. 1.~. \otice. F~cept f~~r anc ttni:ce req~iired uruler ;~~pJic.shle 1a~t~ to h~ gi~~en in another manner, (a) any notice So S~~rn~v.er pr~~~ide~! i.~e in th:. \ic~tt~•a~~~ s1~;,1) he gi~~n h}- riiailing ~uch n:~tice hy certified m:~il addresced tv Rorro•..cr at thc Pr~~{•crty :t~ldre~; ~ r:~t ,ur!~ ~,th~r a~':1:~., as R•.,r::~~~rr mav de~i~n:~r~ bv :mtice to f.endcr :~s pro~-idcJ F~ercin. :,nd lt,l am• not:c. t., 1~•e~,'~r .h..l) he ~;:r:i h~ certifie~l rn.iil, rrL~m recti~t r~.;~~e.+.ed, t~~ 1 en~krs addrrtt srated herrin r~r Io ,uct~ ~,;hcr :,udr~sti ::s 1.er.clrr m.:< <ie•i~z;ate h}• n~tice t~, R~rr,~Her as ~m~i~l~d hertin. :~ny n.~tue provide.i ;c•r i:~ this ~ .\t~~ri~.~L~ +!~:,i1 he ~irer.:cd t.~ ha•.c h:r~ ci~~en to R~rr~~~+cr .~r Lcnder uhen gi~~en in tFc mxnr.er de~ignated hercin. 15. L~~~ifnru~ \t„rl~~•~~: C;ocernim~ I.a..: Se.er.+t,itit~. Thiti f~rm ~f mn•t^_a~e combis~et ~~niform crn~e~aiits f~~r =~.,t:.~na1 i:C£ a[]~~ :T~~:1~ fitl:~i~ff~l Ci`l'~I1.~t;F•, :~;f~l j~~,:iiCi) ~:1f1:lil~~IlS hj Juri~~ti~li.~n C~~i1SilillfC a U(11fOfRt tC( itflll' 1l1Stl11R1atA1 Ci~:'i:7f)J re:+1 t+n~rcrr~. Thi, 1;,~rt_~.;^~ ~h_:'I he ~,•:ir~tc~l h~~ th~ la~+ of the iuri~~lict~.,~ in ~rhich t}~c Propert~• i~ located. In :he ~~~~ent th.,1 :~m ~;~r:i.:.~n r.r ~1:,n~e c~f ;hi~ \tc,ri~~k~ ~~r thc \rtc c~~nili:t~ ,:it'~ ~p~+~icahlc la~~~, st!ch con!tict shall rn:~ :!icrt c~thcr ~ ri~'.i~i~~i~. ~~S ii:;c \1r~r~~t~:_< <v lhi \~tti ~ah!~h ~:~tl h~ ~t:Cll Ct~~C! ~+i!t3i~~t[ lht COi~ntCiitt~ j!IO~'ICI01. ~iti~ t~~ t1'~:S end th~ ~ro~i.ic.m of the ~ic+rt~.:a~•e :ir.~1 ihr ~~~t~ ~tc ~ic~I.~;rd t~, 1~: ,eti-erai;i~. l6. l;orroweri Cop~. Bott~~•tei •t;:~Il he lurni~i~uf c~~nFnnncd :c~~}• of thc i~otc ar~:l ~f thit ??tortga~e :,t !1•e ticr,e of execuii. n~~r afi~r :~:ordati~+n herc«f. 17. T~ans~er of thr Propert~: A«umption. If all ~~r a<<~ r.+rt of ihc Pr~~prrt}• or an interest sherein is snld .~r ir:+r~ferrcd by Borro~ver withoi~e L<ndcr's prinr ..•ritt~~ con~ent. e~cti:c~ing /al ihc creati~n of a 1ie~ or ercumbranc~ subordinatc in thic ~fert~~gr, (b) the crezti~n ~f s p~rch:,.e n.~ncy ce:c~~rity~ ;nt~rest f~r hou~ehold appliance~c. (c) a transfer b}• de~ise, descent c•r by c~peratiol of 1:~~. up~n ihr ~ics;h c.f a;~int ten~nt or (dt the grant ~~f any leasehold interest of three ~~ears or lccs n~t containing ::n optinn m J+urcha~e. (.e~de~ m;,y. ~t Lrndcr', rptinn. de~lare all thc sums cecured by this 11ortr:~ge to hc imme:iiatcl}• due ::nd ~sacahle. Lender ~.h~fl h:,~~e ~~:ti~~d ~uch ~ptd.~n t.~ acc~terate if, pri~r to the ~~le or transfer, I_ender and the ~ er~.~n to uttn;.i thc Pr~~~crti~ ic t,> be s~ltl ~~r lr.,~cferreJ rcach a`reement in v~~riting that the credit of S~ach pcr~nn ic saticf:.t~~rc t~~ Ler..i~r .:nd th;.t thr ir;er~•.t r.~~:+hl~ ~n the ~t~sn•. ~ecured h~~ ihic !~sortgs~e ~ha11 he nt stteh rzte ati 1_e~idcr 5hall reuue~t. tf Lcn~ir; hc:~ ~:aicc.; tt;< <,,^.ti,~n t~~ acc~kr.:t~ pr~~~i4~d in th~t_rara~raPh 17. and if Borrow•cr's succc,sor in inte:e~t h.,< <xcc~:te.f a~;r~l,rn ac~u^t~'i~~n .+s_rtemcni a:c~•~~[cd in ~~titin~ F~~ Lene?~r. (_ender tF~ril, =elra~e Rorrourr ;r~;r,i ..;I obli5~tic~rtt trn~~er ihr~ '?1cxt,~.,~~c and tl~c :'`~~i~. ~.f^liCf C\C.'C~.~~ ~~t.~, :::~-1 f~~ :.i:ic~Cl:fll. ~ C:2~~iC ~tl.~;~ 15131~ {;i~fi~~'.~C~ R(I~tCC ::l'CC}C!:'tl/zil IIl JCl'l~rli:tTlii \~11~1 j1a~::1.(.!~,f) ~~~lC"t'Vi. ~:ICtS :n :7Cc' ~f6:': ~ fi~\'I(~l' d Fll'::~.~~~ t~~ ilC~~ j~S~ t}l:i!1 ~1~ .'d}~~~ ff~~l11 It1C lS:1tC t~lC f1011CC K(111!~~i; ~i"I<~'!:!1 ::hich I:,~r~,•atr i~~a•: r::: t'~r ~:ir:•,..'.;i.~tc~! Sr.~. (f fl: s•~~~~~~r ?::itt E~::~ <<:~h ~+rmc pri~:r t~ tl:e c.pir,,tioit e~f ~u~'i pc:is~~7. ' Lcn:'~r nt.~~, ~:itf;~•,:t ~f:-c!:~ r a~=.,:,. ~•r ~'r:+~.~~.i 13r,•~~ti~c~. inr~~ke :an~ rente:'irs pernr.L•c.1 h~• r::Ta,r.:rh 1'~ herc~,f. \«~-i.'~~tn:~~~ (~~,tt ~•.~:T~ 8 ~trt_~~.~t 1 cn.?.~r ;`irtitcr ~,~,~en:+nt :sn.i : ^ree :is f~~ll~~«s: 1`~. .~eceirr: iinn: Itemcuir~:. F~crpt :ts ~~so~ided in p:;re~raph 17 t~crc{~f. ~~pnn l3ocru~~rr's lereach of :n~y rri~esza:~t c~r a~;reerr~t-nt ~rf 8.~rroµ~ r irc thi~ ~f~rrit~:+~~•, iniJ+rdirr~; t1~c ~~u.enantti tv pa~ Khen d~~r an~ surns ~ecurrcl h}~ Ihis ~tortk:~ ;r, Lr:~': r prior tn nc<~r1~-~ti~~n ~hall mail n~,tic~ t~~ K~~rroH~~r a~ ~~ru. i~t~~d in para;;r~ptt 14 {~errr~f sprci~tiu;;: (1) thc hrrach; (2) ihc ::it~t,n rrynircd fo rarc ~~tcL brr:+rh: !il a d:~tr. ~~r~l Irrti Ihun ~+a}~ fru?n thr d: tc tl~; nnticr i~ n~: itrd tr. BnrroKer. Dy ~+t~i~'~ w:'~ brrac'~ ~+u:~t he cttrrd: ae:d (-SI tl;:~t f::ih~re lo cure Such hrcarli on on c~•fi~:c the date tipecifird 'ert ~I~c nr~tire ~na} r~•~~•'t in accelerxt;•~n ~~f t3~c sun?ti arc-~~s<<! b~ tt:iti 1t+rrl~:~~,~, f~irr~ t~~,nrc b} j~f~iceal pr~:credin~; and ~ate ~I 1!~e Pcoprrt}'. Ttie <<:~:i: e ~h:iU far;l~~•r ir~urr:+ E;~~rro.,er th~~ ri~;f:t In reimtate aft~•r accelerafi~?n an~t ttie ri}~1~1 to a-.ert in Il~e fareelosnrc pTr.~rc•:;~~a•~ ~~'l' I:uO"l'~.i~il'{:~ C ~r~ ut~(:It~~! ~:f ::I7: ~+!~f~ [ l'll'~cll~i' L{ [~urru~~tr E~~ ari~•fa'!:.:lU~l :Ilili ~~IfPf~Q~11CC. ~f 1i!l f1rC:1C~1 Il I:ii( i'I:Sit; ~•It ur F?eG~re 1!,:e d: 'e c iti, ti in t};t~ ~i~~li~ e. Lc~i~!~•r :<t Len~?e•~'. ~~iit;~in ~n,~~ dre!rrr ~tl .af the ~u:,~c .ecerre.l h~• th;e ti1~~Y.,;:j ;c'" !;e in~nirdi,ttr~; ~~uc ar~~l p:s~::~~:i' Ni(1t(~77I ~i[('tu•t di•in:snd ::n~1 m:~ti fureclu~e ~~:is Siurt~;2t;e h~' judice;:l proceedin~;. Lct.~'rr •!•::1 Ir rnt%tl~ ~1 In ~~~Ilc~ t in ~~~ih j~r~x~~re'.i~~t_ :tli e~prn.cti r~f f~~rc~ I~~~ur~, inrtu~li~.F~, bui nut limiird fo. r~a~uuahle att~~n~~ :'S E~•.•, ,:fh(1 CO\tti ~'~)!'UIHP(!l::~S Y~S~~t~ll~ C.:11.•1f:i~i1 :~Il•l !t!~l' i1'Ih~f:~. , 19. l;nrr~~~+tr~? Ki•,i:t lo It~•i~i•i:tlr. ..~ie'~~t., ! rit:''. .i:~r!•.".f; 'i nf ti:c ~Lt:.. r : ~ , . , ~rr~~ rJ h} > >w< R.~;r~~~cer l~:. . , . . •~«'s, . ' . . - ' , ~ ~ ' I c~~c•c; r~c 1 \;,~rts.~~ _ .:~.c.,n'inuc~l :t . . ~ ~:R~ 25~ ~a~f z7 - y`. ~ ~ a ~C -s . ~ _ . _o-