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HomeMy WebLinkAbout0913 l.cn.~rr's ~.r:!ir;: _•:r.:.~~::t rr _ i - : t. . R. . . r , .•:t , f ::tl n:~ ~tc~.,.•c i:~~i~r..:~~~ j„ : 1~1.171PC' lt:u•.,11C.~yU;~.,~if ~ at..-7-~~~1 1 S~a~.a~~. ttill~ cRi~+aN.l) ~ } C 1..'. ~:f ..:SII {!.~t '-i!.:;l:i~~~l 7. ..~t4T ~i lifi'i 11~C(C~•tl. ~~l:~l~ ::,i . ~ ~ in.!~1••c~ln.•~.~.~( N.~+'.>~.;ar ~:,us~.i s~±~ \Ior?_.~,C- !:~•~:•.~B~ rr.~.+rr lci~.!Cf :~,rr~ ti~ i~ih~~ trfim uf1~~..`... _ t ~ am.~uutc.h.Jl !x p-,~aflc i~~.•n f:c~m 1.n.'t~ i1vr:.,.~~tir r~yue~?in~• ~+.~~nici~t ih~t~.~f. :~n~l ~h.s~l 1•c.u i~i!~r~~t f:.~• ~ ~'slt lt( 1~1~hurknN:nt "s~ it~~ tatP r.:) a~•!~ {f~`:il UTiii l.~ ~1f21t ~~~1 OtHSlJfltjlilL jN!!ll'1O:t~ UOI~Ci 111~ ~i~11' 11~1~CiG ~~3':1.'.C,^.~ i i~tit~tcs~ at ~t:ch r~t~ N~u'd hr ~.~s:ir.:~~ t,? :,p`~i,~hlr 1.,..•. in h*.rh <<'e~il ~:~~h an~~,untc ~Ti:ill lws~ inlcrc~t a~ thc i~~_'.•~•~ :•c ~rm~t~ihlr ur.~~rr -:f`TL.:,!~!~ L~~~. \.~S!~~r.,- ~oat:ir:~~{ ~n i _ h 7 cleall r~quite I cr.dCr t~~ ir.~i~f .::t}' . ~ . . ? any act~~n hcrr~:nd~:r. ` 8. In~pectiun. Lend.•r ma)' m.~:.~ or c.+~~,r to 1ti rr: ,ic rr:,~+•nahlc eni;ie~ u~k~n and in.=~ecti„nti of th~ Pr~,r.rt~•. •:•1 that 1_ender ~hal1 gi~•r B.~tro:~er n:+tice `riof tu an~ ~u:h :r~.~k:t:rn spc:il~ing rr:~c~~n.~ble cauc~ Iheref~r r~l:~tcd tu I rre'~r'c interr~l +n t!~e Pr~petty. 9. G~~~Jen~nali.~i~. ~~t,C ~'l.+~ii~~ atl)" aN.1i(~ i~~t:;71 ~~~C iiar:~.~L~ti. dirr~i .~r c~,n,cqucr.ti;tl. in ~.~iill~ill.ll `.ti!~'. ~ondemnsii~~n or olhcr t~kine of t~c Pr.~~:tt•..~r part t!.crc.•f. or f.~r c~~r~~e~ar,ce in licu ~~t c~ndemn:+ti~n, are hcrch~• and ~4»ll hc paid t~ t.endcr. In the event of a tc~i:+l tal.inz ~~f th~: Pr.~Fc~1~•• eti'_ ; r.~,e•eda .h:~!1 hc ~p~lic~l to the ~~~me s~ctu~d b}~ 'his ~'~~r;_~.:;r. w~iih tlfe cue~s. if an~. ~.s:d t~• Burr: t.~r. !n the <<rr:! rf : ~~rtial ~al~n; «f t~~~ Pro{~crt}•, us~le.c B~~rr~~~~.•~r .~r.d f c ':r .~thernic~ agrra: i~~ W~rit: th~:r •h~11 bt ap~.:~:t tn t'~~ •timc <<cur~:i h} th~c \1~~rte:+^e tuch {~r.~~orti~~n ~~f thc ; n~~~..!~ as is cyu:,l t~ Ihat pr.~re:ti.~n tiih=ch the .,n;.~u~:t .~f curr:, •~.::red h~• tFSti ~t~~rt^_:;~e immcc'.iatrl~• rri~r to tF.e ~'.:'e : F taking hr.,rc to t!~ fa;r mar~:ct ~.zl:x rf the. Pn ~^r~t} r:~it.;~.,tr:~ ~+r~~~r to tFr .L:tc of takin~. ~cilh t`;c hal:,nc~ ~~f !h~ r_ paid to Borrow•er_ ~ If thc Pr~perty is :.b~nd.~s~e.l b~• R.~rro:•-rr. .,r if. ::~ter n.~-i~e b~• l.ezidrr to Borr.~w-~r that the cendcm~tor otf~it to :^eie an aa~erd ot uttk a claim i~~f 1I3:'l3~~S, BJf[OW'~( f~i!s t~~ rr,~~nd t~~ Lender ~?ithin 30 da)~s after th.: date such n~~::re i~ mailed. Lencfrr is authoriied 2o c~ltt.t arxl app.r ~hc ~roce~dc, at Cender's aption, either to restoration ~r rep~ir of the Propem~ or to the sumc .ecured b~• this '~fon~a~e. Unlecc I_ert~1~r and Bort~wer e.l+tr.~iu agree in ~.aritin,. am• such ap; I~c.~tian ~f proceeds t~ prir.cip~) s!~::11 n~t e~ter d or p.xtpone the duc d~st af tltz mn~thl}' snst.,Ilsncnts referred to in p:+raera~hs l and 2 here~f nr ch:,ngc the a^~c.~~t .~f such installments_ 10. Korrower \nt Itelrased. [~ten~ion of the t~mt for ?a~ment or m~dific~tion of amortizati~~n of the si~mc SecL:ed by this !1~ortgagt grantrd M LenJer to am~ c~sccr.s.•r :n ir.trr~.t ~f B~rrowcr tihall not o~rate to rel~ase, in any man--_r, the liab~li~} of th~ ori;inal Borrowcr a:tid &~rrow~r's su.crs~orc in inierest. l_ender shall not he required to comme, .t proctedingc ~cainsf s~cch ~ucce~sor or refuse to e~ter,.l time for pa~•ment or other~ i~~ modif}• amortization ~f the si~ms secured b~• this >tortga~t b~• reasan of am• drmeru~ made the orc~ina) Bormvv~r and B~rro~?•er's ct:ccess~rs ~n intere,t. I1. Furbearanee by- Lender \~,t a R'ai~e~ :~~i~ f.~rhearance M• 1_er.der in e~ercisin; am• richt or remed}• he:ei~n~~r. o~ othrr~eist atTorded hy a~p~icahie taa•, th:e2i n.~t ix a wai~•er of .~r ; reciud~ the e~erci~e of an}• ~uch right or ren;ed~•. The p:oeurement of ins~ra~r er tFr ~atmcnt c~f ta~es c•r ~thrr liens . r char~ec h}' i_ender sha11 not be a~+aice~ of i.e+~ iLr's ri~}~t to ae-rleratc tt+e maturit~ nf the irdzhtedcir,s ~c_i~red he~ t~i~ >t~rtcac~. 12. RemeBies Cumulzti.a A!I rema:~i~rs p:o.:~•_d ifi t=:, ~lnrt•_::,~•: ~rc d:.tinct and cumulat~~•e to am• ~lher -i~_'.~.' ~~r -emed}~ sinder ihis !?~~rtrage ~r affo:~d h~• la~~ .~r ey:ct:•. ~r.~1 mac tr e~erc~~e. c~nc~~rrrr.tly_ inde~~dentl)' or ]i. Sucees~o:c and ~esi~es Bound: ]oint aud Searra! [.iabilih; ('aptiam. ll~c co~'enar.ts :~nd agreen:2r.'~ ~:_-e ~ contained s`all ~ind. ~r,d 1':e ri¢hts `itreundcr ~hail :m+re t~. the •e~, e~ti~e teic:e~~~~rc and as~j~ns of i en.lcr and B.: -r. subject to tbt ~roti=ions of ~ara~rap~ 17 herruf. _~If ~~~~~~snt; a: ~t ~~_rce~ ~enh c~f Borm~cer s`~~ll h.: j~~ir:t ar.d ~~~•e~':'. ~1C CS(~TI~~~1S 3Rd I7C2(~~i1~S i`f 2}1C }^3T3$i~~f15 Ol i~?K ~~~`f:~~1~~ :a£~ f~~r c~,m~enience Oft~}' 3I:(~ AFl' 7~~I IO 1?~ ,:~i'i~ 'J interpret .~r defi~c the ~ro~i.io~s t?esrc•f_ l~t. ~otiee_ EcceFt for anr no:i~e r~yuircd under glicah!e law to be gi~•en in another manner, (a) am• no!i:t e.~ Borrouer prc?vi~ed for in thi; ~fortgs_e shall ~ gi~ca h} niaiting such n~~ticc by certified mail addressed to Borr~~::er the Pt.~-~t1} Addres, or ~t t~rh ~~~:~r s.'dn:c ~s Rt~rn,.aer m:,c de~:^nate by~ notice to T.ender as {+mcided hcrei~. r 3II': RC'::C~ to Le~~Lr s~1J~~ t't _:~~CD tT~" Ct'~?fS~(I e lail. fi(:~Ll1 [~Cc'~~'I f2~~12L`~~Cd_ IO i endcrs addre:~ S[2itd }'i^'2i.^. ~:ich o.;.er addrns as I.ender m.sv ~.:i~nate bv n.~:i.e t~~ Brr:~Her ac F*~~~id~d 'ierein. rlny noti:e p:o~•ided fr.: in t1.i: ~ic+ng::~r st~,.~fl he dcer,:ed ta:e t+te~ ;:~tin to B~•rrr•~~~r .~r I.en~er ~:~i:n g:~~en in the manner de.i~n~ted hcrein. 1~. L~nilorm ~turt~~P: Go~erner.~ Iaw: Se~erab~iis}. T~:ic ~nrm of m~,rt,s~~e comhir.es un~form co~•ei:at:?s -t-.?: ssc 2rd no:~-ur~ita?fill C(llc?a^T~ u:t}t Zs:):~i{~j ~s:=sif~t;}S h\" ;U.'~:~!iiii~Il 2O l'(~ASIIiViC a Ut11fOi!Tl SCC:tflfy inc,rement A".~: ; real ~r~;xrty_ Th+s ~i.~r?~~_~ sh~il :orerned h~- *.F.e ~:,u c~f the juri:Jic;~on in «hich the Prnpe:t~• is lo;at~d- In 'c= ~ e~•ent the2 :~n~- p~i~~i~:.•n .,r c3a.~~r of •h:: \1ott,'.-._e , r.i~C ~.~:e c~~^'':t.tc uith apnlicable Istr, sttc~t et~riiict Sh.:iI i - _ _ OI}lC( (:iJ~i•ll~i1S Of :}:IS ~S~~fiY:'~t GT :F2: \(~'i :t"S::~l C,ltl ~I:~R CiTtCI M'i•t10Ui f11C COil:~ll'1iI:1_~' ('.tOi'IV~1R. allc~ '.7.1~ i end s?-K pro~i~i~ns of the \Sortraoe asd thc ~~ic ar~ ;rc(~:e~! to ht ~e:erablc. ~ 16. Sorru~+er s Cop~~. Bczr:.~e.e: ~hs;i Fe fF~rn;~~~d a c.~n<<rmed r~~p}• of t!:~ ?~'ote and ~•f .thic \iori~age at t`:e t~r•:~ of execution or sitrr re.~rd~ri.~n hcreof. i I7. Tran~fer af the Prc.pert}: ~~etimption. If ~if ~~r an~ rt.~f tt:e P~~~erty- or an interc~t th~rein ~c s~1d ~r t~ar=`e~-: ~ ~ by Borro+~~er .+-ithaut Lendrr's =si~r wri;~en ~.Z~v_•^t_ e~ctudinz (al the creation of a lien or eecunhrance subo;~:n:=t~ to ~ this ~fort~a~e. lbl t~:t creatrnn c~f a~r,cha~t m.tine4 ticuritti• ~rtere~t E~r houcehoid appiiancec, (e) a trar.tfer b:' dz~;:e. descer,t or h~• o~ratiort of l~a u~x~n ~F:~ ~eae~ cf a;. ~^t t~n :nt or ~~i~ ~he ~rant ef am• leaschold interest of t~sret ~~ears ~~r :e-s not eo~taining an opiio;, i~~ rtFrchz:e. I_e ~t~2f t'.?st_ T_c~~~if ~ OjKtO~l, dCC~a~C xi! the tums sec.~red !~?is ~10.*iL3,~ tO ?C imme~iatel~ due ena pacat`'.e_ Lt^c~cr ~~al) Fs~e ~~~ch option to accel~r~le if. pric~r to thc ~:~1c nr tra„tfcr. I.e: .'e~ . and ihe per~c+n :o w-ho:-? t*+c P:er:Tac ~c t.~ t~e ~dt.! . e t*~ <<f~rr«i reach a~,recrr.:nt in writing that tF~ cree?it ef ~ac': n ic saiicfaci.~r} to I.er:.~r ard :hat i-:-r.'t s~: ~~rt1, .rct,red he :~~ic ~1~~rtea;e cha~l !~e at si•~_ti ra?e Lrr';-,_~ z ~hall rcyue~t. If 1_e~dC: ~1:a5 N~iC.~..~ :};c t'~":~'.i '.1~ ~~~:~c:..:t ~ COt:Cjc~ i~ll~ ('::T:i~i:iF?}1 ~7. aRlj i: ~C•:i!Ati S'.i::~~~~. .:l i interest ha~ c~ecutCl~ ~+!,.iCfl 3S~~T.~ cJl :(c~.~'.~:.. ..:?~t.:C ~ lit ti~!ii;:t; F~~ j.z!1~C[. ~.CI:~;Cf. ~}1~~~ It~l':4~~ Q+)f:O~tCT 'C~ i ~ ~b.iga'ions ~n.ier tb~s'~i.,r:~a; ~nd :rr \rte. ; )f I cr.c!cr i'it'.IC.SiC c~.ilS i-l.:'.('^, i~l •'~_i'~.~~C. ~ i.^ t ~ . i :i:, f v : ~~i.~tT3~~~1 ~'1 ...C:~f: ..cr r.~.~i[ R ~r ~ ticc rt ~ ~3i2°:31~:1 ~:e-eoi_ S:.:EI E-CC ~N::.:` i =i :~~'i ii~5 tC3'7 '`n tf.~:ll it:C C~1'.lC 1ti~c Ttc~tl:~ H rt:il~iu . ..l • ~ahieh B.~r:rti;~r :~a~ F:.~ '~-c ~e:r.is ' ~c.l ~ I} B. :.~~-.~r `-~is p,: <<~ch .~;~~c ~,n~~r t~ t5c e~~ir.:t~~n . f s ~_f:ii~ci II'~? NISt;. U~ ~:_.^,i.i~ ni'. :C r-' ~ :i _ ~ F~~ c _ .'c~'.3:.~~ . ~::if_ . :i. ~ fi: :CJ'i5 (:CC!5171:c:~ ~ 1i::£~3~ ~l `:ti }~:.-C.'~. 't ~ \~~-l;tiit~_•sti! C~~:t~~.~.i~ E..r.. u•: =_r..3 I c:..:• r`~.-:.`.cr ~ncett.:r.t r^:! ar;!~c as l~ito'.rs: 1$. Acceleration: Keinr~l:e~_ E~.~; i:.~ ~•r~~idc.i i:i pare~,raph 17 herrof, u~un IDc,rroNCrs hreach of ar.r cmc~r.~s.t ~.r ~ - . akretment of RorruNCr i~z thi~ \fnr~~•-., incied'+~, the r•~•rn2nt~ tn pa~ v~l~ru ~t~ec an~ •L~~~s•ecured h; this ]iort~~~:e, i.~•:~~. r ~ psio~ 1•~ zcce~eration sl,a:1 u.~il ~~sice t+, Rr,rr~,«c~r ae pr,,. ided in para^ra~~te ly i~etc•~~f ~pecif}i~T: (1) tt~~• hriactr, (i) i;:: ;~,i reyuirec~ t.~ curr ~~ch br~•a~ t~: ~.~s2c, aut !e« thsn ~ii .t3~s from tE~c dale [he n~~fice i~ n~aifed ta Ils~rr~~.:er. t~} ~+l~i: i: ~ ~ breach mu~f be cured: ar.d (-t) ~I:~' fa+? i:. to cure ~i~.'~ hrr:.ch ~+n nn c~f~~re the ci: te •peci!ieJ in the nolice n:•r.~ r~•~ :'.t ~[i ecerltration of tl~e eums ~r~acd t~} th:; \f ,r'• a~~. :`ur• cln~eue bc jndici~l pr~;ctec:im~ ar,d sale ~f thr s ra; rrtr. 'il~: ~ shafl turihcr intur~~i Bc•rr~iwcs o1 the si;fii to tai~i~fate :*t,•r acetiereCioa x:id ~i-: ~i~!:t 1~~ a.;rrt in the f~•rec MS~rrr p:~~r~ ~ t~1C RnR-N1e:t( rICC Of 3(iC: ~u':( ~if ~~S~•-r t~C~~.~n-r uf •-u~+~l 10 :if~ftlC:ati+ n rrd furrclt~SU[r. t( t~:a' ~Y.rac~l h Lr.1 , _ ~ or bef.~re the da+e cF+ecified ii t::•_ f'i+~fti.+. S rc~t~tt .el E tr!'a~'~ :m1 n•:1~ ~'t ~;e ::i! uf :Il:_ •:~r.~~ cc(~~[i:l ~SY I~:i. ~i(~r:`"•:_' 2•~ itzintediatel} doe ar~d ~.asa; :c •+i:`.:~,.,;'.+rs!..r dcr.~~::d i r-:::z £~~r.•~I~~~e :1~~~ 1~:~:i;;a~c bc jcldi;i~t p:c,ccer:in.; Lc:~,'.r s F~e rntitied tn rn;lect :a tuc!~ pnK.•t~:::•, ati ~~pcr.-c ~~t l•~rr:lo~u:e. inc~~~c.:i~_. bu: •:~:t ~in~iteti io. n a~~,n: !•!e atl~:rr,:ti'• ` ~ an~ cests ~.f ~ucwi;c~dan etiJr~~ r. ah.•-ect~. e:~3 titir r• ;•.ctc. - . ~ 19. 6~.r~~~+cr'~ f,~- ~1 1~ R•in~:..te. ; - , ! , r .,.:;<'-:..'.r:i :h~ ~~::~t; _;~~.~.J `j . _ fi:)i~~f'f i a'.C 'i' .i 1 _f i'-'~ tl:-~~ ~~(~Pt~ °,'•~i'~. .C~~ .~i ~ L ~ - ~ - r~ ~ F ~ ~55 Pa~F 9.i~. ~ . ~ - $ ~ y _ ~ ~ . ~ _ _ = r