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HomeMy WebLinkAbout0414 ~.CII~~'.'I~C N;1U~'q .11;fitlllctll t~l~ .~i~~~f:i. ~ i~t ~.e~.:. !{~~~ftr:~.il •~i:..i~ ~`a\ t~ C ..tt. ..nl ut .:!~~ri, ' !1:`~•f..r . ' . i~i.:nnrr ~r,•~~.fr~t :~i~.l•_r p:u::,~ia~,l? ' ~:ct~•~~f. ttll)' :ttll~`I~!li~ .~~'.~,~If~~•t~ h ~ ~•Ili}t.f ~:II',ii.~til 1~~ t~:li ~1 7. `.tf1~1 :t1~ClC~1 l~li!C~~'1. ~~l:a~~ f•~:~ :l`C . . ~ > { I`••r.,_• 1'~~~cf`t~till~'~? ~{~pt~1M~'f ~CiUii:i 1~t~C ~~Ufl;_J~t'. ~~I7~C~~? ~~.~fiutti'f .~Il~~ ~ CIIt~Cf :~}:C~'C 1A 1~1~7~f lC(IIi. i~E ~ . ' :s~:.~~unti.h:l11 Ix• ~,:~~:~hlr ~~i~un rn~ti:c tmtn 1 cntt~i tr 11,~rr~,~.a.; ic.{uc~tin~ p,~ymr>>t ihrr~.~f. : n~l .1;:~11 hr.=r is.tcrc~t f~, r:i ~~:~IC (1( di.hur`cm~~nt :Il lfll` f:t~C (~:1\;~h~C ~[~~Ili III11C 1~~ I~III~ i~[l ~11~1S1dl1(~II~$ (1I111~1~)1~ UIl(~l'~ If:~ ~~~1~ !t[1~C~? ~~3`.:i~t•:r •`f intcrr~l :?t cuch r,,tc ~~•~~u~ii f.~ rri:U;~n~ to :?~~~~li~ahlc L•~~~•. in ~~l~~.~h r~cnt ~uch smnimt. ,li:~ll l,.~ar icztcr~~.t ~t t}:c }e~: - pcm~i~sihl. :~n~l~r :~r~~licahlc I:~~~. \uthir~ ~~~:~t.iin~,l in tl;i. r:u;;r:~;~h 7.fiall rrtluirc 1 crdrr t.~ in.i?r ::~titi• r~~~~cr. an)• :?rtion ~~<<cui~~t.:r. ~ 8. Inapection. Len~ler ma} mc~l.~ ~~r c;~use to hr m:~dc r~.,~.rn:~hk e.^.trir, u~~~~n :uid im{~ecti.~m i~f 1Le Yri•r~r1)• ; r,•~ _.1 that I.ender ~h:d1 gi~e B~,rrc~~~.r noti~e pric~r to an~• .uch imrecti~n ~E•r~if)ins re::ti~•~~able cau,e th~ref.,r rr1: ~ed to f e:.:!::'s intcr~~t in tfic Pm{x~~~. 9. (`undc~unation. "Iiic {~n~rrr~h ~~f :u:}• a~~.ud r~ ~i.iii~t Cur ~l;:iiia;;.,, dit~ct ~~r e~~meyncnii:,l. in t,~~ine:ts~~n ~..i;': rondemn~ti~~n or ~thcr takiug c~f thc Pmpcrty. ~~r ~~.irt thc~~•,~f. ~,r f~~r c~~n~cc:yn:e in licu ~~f cu~u~cmnat~nn. :un c~i~1~~' • c~1 :~nd shall bc paid to Lcndcr. In lh~ e~•ent of a tot:+l t:il.in~ uf th~ Pr~•prriy. th~ i,ro~ec~i; ~hal) he a~~pli~.t t~~ the ~umt ~ece~r~~ b)• th:. \t:~:T.•-,e. Hith th~ c~cc.c. if :~n}•. ~~aid t~• Rorr.~•.+~r. In thc c~~cnt ~~f :i r:~rti:~l t~l.in,, ~,i thc Pr~pcrh•. ur.lc.c R~~rn~~...r :,r' i.e-. ~thirwicc agrrc in ~~•rilinx. thcr~ ~h:t11 tx: :~rri~~,~ 1~~ ihc ~~lm~ .rc~ir~d thic \t~r~cagc ~uch rr,,~<,Tt~.~ rf the .;":.:•-•r.:= ac is equal t~i that pri~p.~rti~~n ~~f~ieh th~ ant~~i:nt uf th~ s~m1. ,e:ured hy' thic \lrrtira`~e immedi:ttel~• ~ri~r tu t1~~_ takino h~ar. tu Iha fair mai.`.~t ~~lu~ thc Pr.~r~rt~• imnir.!;.~tri)' iui.~r to thc .i.,t~ of ~ai:ir.~~. ~sith L';c h:,;.m:c of t~c _ peid to Borro~+~er. . if the Property ic :~band~~ne~l b~• Bi~rm~~~~r. ~r if. after n~~tiic h~• l.cnJrr to B~~rrouer t!~at ihc c~ndent~~o~ offers c•:~;~ an award ~r ~ettle a rlaim frr ~I;imae~.. R~~rr~HCr fai11 t~. rr<<x~nd to I.ender •Aithin 30 da~•s aftcr thc d::t~ such n,~ti~e ~s mailed. Lender i~ aathoriied to rnllect and apply the pnkr~dc, at I_endcr i option, either to rectoration or ~e,^~:r rf t!~e Propcrt}• or to the sums ce.urcd h}• thi~ At~rtg.i~e. . Untess 1 ee?~er and Borrc,.+rr ~t!~cr~~i:c ~^ree in ritin~. an~' such appli~ai:c~n ~f pmeeeds t~ pri~c~r: t ch~!1 e~ nr pc»t~ne thr due da~e ~~i the monthl~~ installmrnts referrrd to in ~aragra~+ht I and 2 her~~f ~r chanye the a~i:~^! ~ f tuch installments. I0. Borrow•er Nof Relea>rd. E~tencien of the tin:c f~r p~~•mem .~r mndificati~n of amortization of the cums ~__~r:.'. by this ~i~rtgagr ~ranteel by t_~n~l~r to :tn~• ~ucces~or in intere.t of Borro~~er ~hall not op~rate t.~ relcase, in a:t~' n'~r.' ttie liahilitp ~~f thc original Rorro~~er and Borro~+~r'~ su:cc,~.~n in intcrcct. 1.cndcr shall n~t h~ requircd ti~ a: ~r.:~-:.e proceedinc~ a_ainst such sucressor or refute to extend time for pa}•ment ~r otherw•ice modif~• amortization of tht s•r~s secured h~~ thic ~t~riFage by reason of :~m~ demand made bc tiie ~r.¢ina) [3orro~tier and Borro~~~ei s~ucezsti~~rs in i.^.:ere~t. 11. Forbearance b~- Lendcr \ot a 1~'ai~~er. :~n~• fnrt.earan.r bt• I.rnder in c~crciting am• ri~ iit ur remed~' hereu~ ~ r othrrK•i~e a!tordeJ hy applicabi~ la~r. shall not tx H~ai~~er ~•f ~~r precludZ the e~ercise uf ::m• ~uch right or re.^..~~'~:. The procurement of ineurance or thc ra~•mcnt of ta~r. .~r ~ther !icns or char~eti by Lender shall not hc ~ L+,+i:-er e~I L~:- right to ae.elerate the maturity of thc indehtednecs «c~~red h~~ thi~'~iongag~. 1T.--i2tw?ediec Cumulative. Alt rcmedics pm~ i~ed in t1si: \t~~rt~:;,e arc ~li~tinct an.i cum~i'.ati~•c :r ~n}~ othcr r_' -emedy imder this \i~r~i.~ge .~c atT.~rdrd h~~ rr ryu~n~. :.n:l ma~• he e~erci~~.1 a~ncurr~Mh~_ ind~~ .nd~r.tl~~ or S~r.:_~•~~~~• . 13. Sucrecwrs and ac~i;;ns Buund; Joint and Sc~eral I.i:+bitih; Capteonti. ~1~1:c co~~cn;:~tc ar~! "reen~e~'~ c~intaincd chall bi^d, :~nd thc ricMs her~undcr .hal! inn~c t~•. t`~c m~~~cctivc su~cc~c~~r. and asci~~n, of I.en.i~r :~r.d R: subject to the ~rovi.ion. of p~rae:rarh 17 hereof. .111 :o~~~~:~nt~ uiui a_rrem~=r.t~ ~~f B~rro~rer s~all h~ ;o`r:t ;~r i~~.,-,'. 7lie ea~tionc :mii hradisi~c ~f the para~raphe uf this \fc~rt~,.r~~ are f~~r c~nc~uience ~nlt• :~nd :u~ n~~t to t-~ interprtt or defin~ the pmvici~nc helrof. l4. :\otice. L•xcept f~~r any not'sce reqiiired un~ler applicahle la~~~ to be ~iven in ano:her manner. (a} ant- n.,i.e Bormw•er pr~~~ided for in thi~ \tort~a,e shall he ~i~•cn h~• mailing w.h n~ticc by certified mail add:e«ed tu Enr.. •.:~r a! 'I the Property ~ddresc or at wch other a~idreca as Rc~:r.~~~cr ma~• de~ign:le h}' n~~tice to I.en~er ::s ~+r~~•i:.~e~' he-:i.. r (h) an~• not~~c to I_ernicr shall h~ ~t~~cn h~ ~crtificd mail. zet~,rn ncc~~t reqi:e~;c~1. t~~ t endei: a~~.lr~.c st::ted hr:e~ ~ ci~ch ~•t!~cr addrest a~ Lrnder ~ia~~ ~i~ci~nate b~• n~~ti~e t~~ B~,rm~~er .s rrov=.de~i herein. Ant~ notere tr.~vide~l lr.: ia f ~1orlgage sh:ill h~ Jeer:~ed t.~ ha~e bLen ~~i~~n t~~ Bc•rr~~~+cr ur Lendrr ~~hen ~,<<en in t?~e manner cteci,~«:,?ed hrre~n. I i5. i~niform \tort~a~e: G~~~-ernim~; i_aa~: Sr.erahi{ity. ~i~~,~s f~rm of m~rt,a~_e c~mbines ~:nif~rm c~~~e;~ant~ f~,; - E U~l and ncn-unifur;n a,~~ena=~t; NI(}1 tir,~it~.l 1`Jf13(1~?I7i h}- ~e~n..=IiU~~l1 t0 l'OR5~111i(l;, ti UOI~OTiII St~Uflt\' ll~~~fi7illt: ~ iC-•-:~ ! • • ~ rcal pmper!}•. Th~~ ~iort~:~~e chsll h~ gocerrti~ l~t~ !!ie l.:v c•f :hC juritd',clron tn ~~-hiCh ihc Pr~~~ e~i~' ti 1oCst.~2 T:' . ~ c~-ent that ac~}~ pru~•i~ion ~r clau•< <~f thi. \t~rtga_c ,~r ;°ie c<~~~~1i~i: «ith ~rP~icabi~ la~:-. c;tch ~~n;',i~t ~ht:ll : ' - - ~ oth~_~ pro~i.io~c of ~hiti !1i~~rtga~e ~~r tht \„tc ~~I~~ch r.:,~ he gi~~n ciTect µi!h~ut the con~'ii;in~ rr^~•i~i,~a~. ar.i •`:s end ihe prori~ioitii of the ~torl~.a anJ the \i,tr are ~Ec.1:,:ed to fti ~ec•erahle. ~ 16. Borro..er's Cop}•. [i~rr~~~~cr .h::ll h~ fum.i.hr~t c~ntrr^ird co; y~~f the \otc ar.J of th:~ ~,ort:~gc st ~ of e~rcution .~r after recordation hereof. ~ 17. Transfer of thc Pn?perf~~• A~~um, tio~. if a!I rr :.m t:~rt ~,f th.c Pr.~~crt~• ~~r an interest therei~ i~ s~~'~ ~~r t~~•.~.'~--_ ~ by BorroKCr aith~~ut I.cndcr's prior «rittc? :.~nscnt, c~c:udin, lal thc cr~ation of ~ licn or encumb:ancr suh~:~:^.:':_ t~~ ~ this ~tort~:+ge, (3) the creatirn~ of a rurchasc m~nec -eccr~t~: int~rest f~r h~~u:eF~~iJ appliances, {cy tr::rsfe~ t~: descent ~r b)' operation of la~~• upon the death ~f i j~~;nl trr.a~t ~r (d~ the gsant uf an~~ leaseh~ld interest of thtee ~-e~rc er s ~ not eontain~ng an option t~ purchasc. 1•_ndcr m:n•, at t.c:,dcr'< <~ption, dccl:~m all thc s~~mc secti~cd h~• th~s ~tor?c~__ :c immediately due and pacablr. [.FnJec shall ha~e «ai~~e1 .~=.h option tu accelerate if. r:ior to ~h~ ~ale or tran~fer. i_~:-.:~er ~ and the per,on to ~~•h~~m the Pr~pe:tr i: to hc ~ol.I tr.~e~fere~~ci re~ch a~,tcr~~ent in ~~r.tine th.,t thc cr~ iit cf ~u,;. ~ iS S:3~IS~~CT07i t~~ Len~lcr .:nd th,~~ th~ intcrr~t ~~a~:~hlc ,~~s~ t'•.~~ ~:~m. •e_ut~d h}~ t!~is \Sorteagc Sh:e1! be at si~c!; ~at~ 1= shal! rcquest. If ( en.ler has u~ai~c: t!;c orti~~n t.~ :.i~~r~stt ; tmi~?ed in thi~ p:~~a~ra~h 17. and if rorr~:~r~~'s ~ irtere~t h:~\ l'lll':3~C~~ :1 `.ifll(l'll :lS~IIR:i•~la~(i : ~fCl'i17t::I :i~iCF'.iC:i 1R :~fiit;7' S I.Cii~~C~. I.endcr ~fl:tTj ~tjl':~~` Hl`Tfi~'.[Li 1 ~ oblirzsi~ns un~'er thic ~f~rt~~nLC ~nd thc tiotc. ~ If Le'1(~Cf C\l'(Ct~l'i ~lli~l ~~(~t;(t[l 20 ...Cl'~~f.ttC_ ~ ~ti..°~f ~tl:)~ f':.:5~ ~t1ff:~:~c:f !t~`tlC~. (~f :.C!'c•Ic~.:T:~''? !~1 ;~:ti~i~~,-^~_ ~:ff:lCf.lt ~l i~l }:CiCOf. SIIC~1 ili~~i~:l: ~ii.:i~ rf(~~l(~C (~c'i:.~~ ~`t P.i~t ~C~~ ~~~3i1 `O ~j'i:- ~Lt~i?1 ifi~ ~`i:C :}~l i?: ::ll' 1i (?l.•:i::~.i . - • ~ k~fiiC}1 ~Of:~~~~CC Rl:,~' ~?:1~ f~!C ~UR~S (iiil:iti~~ ~jiil. ~1 i;.ilfV-.t~~i =.:!~C :O ~:i0" ?::itl ~~:!:iS (~f~t'f i~l i~:C lC.:;:i~1 c`S ~t;:~? ~ ~_CRUI'f ill1~.\~. \ti:~t~~lii fUil~'.~f ~li1L'l~ ~'I ~.~Clll,::7~t ~~!l Ei~~~:.".~Cf. ~.~~t~~.~ :!it~' (i'^1•_1'~'l1 i ~Tt1):iil'~.~ }~C ~`:Si:i^'d.~ ~1 ~ll:~.'~~. ,j \~~~-1'~~t~~R~t ~'~~<<xa•:~: K.~~r~~acr :i:i,1 I r~~drr tu:::ler i~~:r*i::nt ::nd :~src~- :~S ~l~~IO'.t5: 18. Accrleration; R~inedieti. t:~cept a5 ~•ro~i~~eci in p:+rs~ra{~h 17 hereof, un~~n B~rru~~e~'s t~rc:;ch ~+f ans i~nc=~.. 3 ' ; a~;reeo~ent of liorro.cer i:~ this ~1~?rl~~a~.;r. includiu:~ the .~~..•n:+nt. 1~~ ~ia} µhen drFr :+n}~ eu?n, cecu:ed b} tl~i•, \turl;_a^e. 1.•:~~. r prior to accelcration ~I;aH uu:ii ~~oti~e to Rorn:~~cr p:u.id~_d i~i Eiaras~r: ph l~i I~crrnf .pecit} int;: (1) the brrrch; 1=i tt:e v re~~uirrd lo cntc ~nch hmacfi: (3) ~ d;•!e. not le~s than ?0 da~. frum tlu- datc tkc nuti:c ii n~eilcd i~: +io~r~~~+rr, t~~ «:~i.': •:::'i ~ brcach mu~t he cer~~d: and Ihat failure tu cure stcch brca~~!i ~rn ~r Irefn:c :he d:,:e ~pece!ied in t1;e n~~tice n~:. re,•.~t ~ acceleration of thc sennti ~e.•uccrl i,c thi, ~~urfl;.~~~e. funcln~vrc h} judicial pr.,~ ecdiu;; aud ~rie n( 1t:c :'r~, cr:.. T:,: ~hall fuNhcr infunn R~rruv.c~ uf tl,c ri~ht 1o rcin~faic aficr accrlrratinn atid lhc ri~_ht tu ati•c~t in tt~i• f~~ter~ncurc pr^:r~~~:'...' - t~1C f!~?IPl'V~tC~1fC ~,f a d~•i:+11~~ 11C:{Ill ~11i!e~! (~Citll~i (i~ ~i~~Cf~/~5~~f ~Q :iCfC~Cfdtl~)S~ e1t(~ Tufl'C~~i~il~t. 1~ 1~~!` ~~:a';ti~l 1~ 11'~~ ~ ~ . ~ or before thr ~!ate ~~••cified in ihc ruti:c. ( c~utcr:~t i_~•~~ei~r'< <~~tinn m:•ti de•c(.,r. :~i! ~:f tt~c ~t!r~~•ecu:c:i h~ t!~i. 1'.nrE~.__~~ `3 immeeiiaiei~ due :+~id p:~}at?Ic v!ithuut fa~her den~: nd ::c:~} n~:+~ fon•:iu•.e tl;i: ~:~.~-t,~:~,e F.t jnifici:.t ~~n~cr~~isn~. f e:~..j:• ~ t?e enti~led tn c~~ltt~cl tu s~eh p~vicerdi:r• :t!l ~•~prn<<, ~j; ;•,rr~ (~~.~ir.~. irr!ur1i~,••. hi~f rnt liinileri t~i. t't s..,~:i:+iri~r :;;±ur~sr~'•: i: anil Co~tS ~~f docun~enlan e~iJrnce. ::h~tr..ct•.: nd titte u~,,~:::., . . ~ i9. B~rruN~•r's Ri;;i~l 1~~ Re•in~tatc. ~:~~5'..it!;~;. ' ; I , ~,'.•r~. e:•.,_!.: .:~r~~ ~,f ;}:c ~r . _ ! 1:~• :I':ti R~(fUK'iP ~~~:i~~ ~L.~'C If1C f~;;~1: ?~:t~C .tt: t !i~,rc~:,. . ~ .n~'it . _ lf2i? \;i~*::. ..'C _ .....illi r si . ~ ~ ~ ~ ~ ; ~,55 PA~~ 4~.2 ~ ~ _ ~ _ ~ ; ~ _ > ~ _ . . . - ~