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HomeMy WebLinkAbout0298 1 rn,ir~'. .~+:tl~n .r.ts_.1!`:;~~ ur .~~~~~I~:.ihlr L~~~ {t~~ii~~~~~•i ~t~.~i! 14ic ~~~,~i~n! ,~1 .~11 ~n~~il::.~,'r i~t.~u !~.c ~~rrnliunl+ lilr n~,in~~~~~ ~'iii:~i uceiirt ~~:iiair.~~~?. hit~•ri . ~i~•. ~,~~:nt~ ,l;.hi~i.r.l h~ ( r~~Jri ~u~:.,:.u~t t~, ~~.ir.~_i.~, ' ~~th ,n ,r~.t th~r~,•n_ ,h:~fl br:~~!ur .~Jd~Iiop~l ~n~lrh~riln..• ,~t 14,~it~~~~rr ~r~~irrt: h~ ~h ~ V~~rt; ,.~r 1~:ir~, lirit, ~~,•i ..n.l 1~n i n~n•: i,~ ,~Ihci ~rrm, ~~j ~~:~•.m~nt. .u.h .niu+nnt. .Ei.~li hr ~.~•.:~hlr u;~:~n ~.~~~i..• tr,~m I t•i:~lc~ t,~ li~~~ r.~.~ri ~c,i i,•.ti~ie i;~~ ~~t Ih•. ~r.~l. .:n.! .h.~ll hr.~~ inirr~•.1 frnnl Ihc ~I.~ti .~1 •.1i.ht~l~rtllen~ :il ~hi• r.~ti• ~~,it ~hl~' ?r~~t~l lilllr t~~ limr ~ n ~~~~hi.in~lifll ~~tin~i~~.ti i~t~~~if 111~• \i~IC lllt~t~~ paymcnt l~~ inlrir.l .~t ,ucli r.~t: ~~u~:'.1 ht• ~unl:ar~. 1~~ ,~~~niii:?hl~ L~a. in ~.~hi.h c••;cni ~u~h .~in,~un~. ~~..ill Fk:~~ nticrc~~ :+t Ih~ hi~hr~t tstC ~~rrrni~~ihlr un~1Lr :~~~{~h~:ibl. 1:~~~ \~~~hinL i~,nl.~inrJ i~~ thi~ ~,.~ra~:r.~ph '~h:~ll r~yuir~ 1 r~~i;(.ty, i(1~Y~~~t~' ~~pCn,C ~~r ~~kC .~n~ :n t~r~~ '~~rrundrr. . : , ' , . 8. Imp~•ction. 1 rmt~ r nia~ m.~~,r ~~r , au,c t~~ tw m:i~lr rr:~,~~n:~hlr rMrir. u~,.~n .md im~xr~~~~n~ ~,1 Ihc Pr,,{•rrt~•. pm~~i~lc~l I~1:U ~ l'11111! ?~l:l~~ ~!1\~ [~~~[I~~\lif ~l~~llil` 1~ll~~f tll :l(1\' ~tl~Fl Ill~~tl'ill~~ll ~~)c~l~\'lI1L fl'.~1UD:Ih~a: ~..ll~l Ih~rri~~r li~:lll'l~ 1~~ ~ Cfl(~lf S mhr.•.t in !hr Y~a{xrt)'. ' . " t . 9. ('ondemnalN,n. Thr pm:rrd. rf .m~' :n~ard ~~r ilaim fur ~lama_~,. ~lir«~ ~~r ~~~n.r~~ucnti.~t. in cr,nnc~ti~~n with am' ~ ~undcmnati.a~ ~~r.~th~r ta~,~ng i~f thr Proprrtp. ~,r part thrrcuf. ~~r G.r i~,nvr~:~ncc in liru ~~f c~~ndcmn:~tion. .~rr hrrrM~ e~.ignrd an~i ,h .!i h~ ~~aid t~+ I cn~i~r. ln 1hc ~~rM ~~f a t~~lai ~:i~.in~ ~~f th~ Pe~,~rt~•. th~ pt~~:eCik chall Fx a{~;~lie~t li~ thC tumc ~erurrd M• ~hi~ ~1~~rtRagC. with the r~~~.t. if am~ ~~:~~J Borr~~~~r+ In ~hc evcnt ~~t .i {~:eti:J t:?:,ire ~~f~thy P~opem•. unle.~ li~rn~u.•r :ind I.endrr ~ahcn+i~r :~gnY in ~~ritine. th.rc ~h:Jl tk app~ird t~, thr ~umc .rrnrc.! h~ !hi. ~t:~rlL:ig~ ~u~h ~ropurti~~n rf thr {~rckccd~ ac ~yu.~l t.~ that pn+~~~rti,•:~ ~~hi~h the am,~unt thc ;um. .r:i~srd h~ thi. \1~~ni:~e~• imnt~di,~lcl~ ~n~~r t., ~hr datc nf tak~ne 1M:u. to thc f.~ir mark~t ~:~lur .~f the F'r:?pcrt~ ~mmr.li:etch ~.rr~~r tc~ Ihr il:~ic ~•f i,k~nL. ~.i~h ihe h:~l:,nre ~,f the pn.~cedt ; s ~r:id t.~ Burr~•~~er. - If thc Pr:,~•cr;~ i~ .~h:~;td~~nc~l M Ri~r:~~~~~r. ~~r if :ittrr n~~ti~r h~• 1 rnd~r t~~ Bi~rr,~«<•r tha! •hr rnndcmn~~r +~fTcrs tc~ makC an :~~~.ir~l ~~r .cttlr ~laim i~~~ d.~m:iec.. I~,+rn~Hrr f:~cl~ rr.~w•u~i t~• I rrnlrr ~~ithin Z(1 il;~" ;~ltrr Ih~ d:itr ~uch n~~Ii~~ i~ m:~ilcJ. I_rn.i~r i,+ authi,rind ic. a~llrct and :ip~l~~ thr ~nxc~:ic. a• 1 rnJ~_~'. ~~s•ti,,n rithcr t~~ rcetorati~~n ~~r mpair ~f thc Pn•~x•rn ~~c ta~.the .um~ .r:urr~~ h~ Ihi~ ~1~n~:~cc. = c~~~~~•r,^: : . . l'n1r~. 1 r.ui~r :ind 13~~rrr~ti~ r~~lhrn~,.c acrrr in ~•.ritir~• .ri~ ,~i:h .,r{~li..~ti~~n r( ~~:~~Ot~td~t [tn:fil'j~ilp:d ~1&dMf~Oi_t~tettd ~~r ~:r.lp~+ne Ih~ ~lur ~I.iti ,,f fi~~ m:,:~thh in•t.,llmrnt, t~!i':'~d in t•:~r.~-ra;~li. i~n~l ~ hcre~~( ~~r ih:~n_~ lhi atrn~ur~ ~~f .iich in.l~llmcnt. 10. Rurro.~rr \ut Relea~~•d. I~t~mii ~t c~f the t~mr f;~r {~:~~m:}ii ~•r m:~i'.ifi:.~r.~n ~•f .~m~,r~i~atii~n rt thc ~•!mt< <c.'urrd h~' th~. \1rrt:.~er ~r:~nt~J h~ 1 cn~i~~ t~~ .im .i~i~c~~ur in i~~R•rr.t R~~rr~n~cr .h.~li n~~t rrkratr t~~ rclra~c. in anti~ m:i~~raer. thi~ 'i: h:iit~ th~ ~~riein.e) R~~r;u~~c~ .~nd li.~rr.n<<r~. ,:i~~r.v~~. in ir.t~re.t (,:n~icr ~hali tz.~? 1x rcy~iirr~i 1~~ :~~ntmcncc ' ~~~~~liC•,1tlf:'? .IZ:Ui1Cl ~ItCfl ~UI~C~~~'~ fl'~1~~~ 1.~ l'Cil`Il~~ Iitlt~• ~t.1\i11C1'.t ~~f ~Hfll'f~~itiV i1:~~Jt1~' :Iltl~lfhl:lti~tll +~f l~ll' `.i1I21c .c:~u~.! h~ thi. \1~~rtkaec h~. •r:i.~~n ~~t .im ~1r~n.~~u1 m:~~1c 1~~ tl~: ,~riemal ft~~tn~~.rr .in~'. R,~rr~~~~cr'c ~~r:ir,.,•r, ii~ intcre~.t I1. Forbearance b?~ I.cnder ~ot a N'ai~cr. t„rl~r::~ ~n•:t t~. 1 rrdrr in c~~•rii.itr ~;~~i~ ri~ht ~,r renr_~1~~ h~•rur..ier. i.t ~~rbCf\\'Nt` :It~~K~C~~ ~l\' J(~(~~1~:1f1~t t:IN . ?fl:f~~ Il.~l ~~l' .1 \\'.:1\~f ~~f ~fl'~~Ul~~ 1}ll` t'til'fil4 ~~t :111~ ?!!~_}l F!:il! i~( fll11C(~~'. f rlll' rfi~:lli~lll~tlt t)~ 1I1ti!IfJtl~t l~f l~ll' ~~.t\~Il!l'lll Ct\l'~ t~; ~+I~ll~ ~Il'll~ ~K :fl.lt~~l'~ hC ~ llll~l'f ~f1.1~~ fl(1( f1l' :1 ~~:t~\Yf .~f ~ l'llul'F~~. rieht t~~ :~~:~les.~tr Iht m:~turi!~ ~,f thr inJ~i,~~clnr.. .~_~~rrP ub ~h~~ ~11~rte:~ee. 12. Kcmrdicc ('~~nudati~-c. 11! rrm~.licc ~n~~idrd in ti,i. \!.~rtL:~_~~ ~li,tin:t ;~m! : ~~mul:~ti~•r ti~ .im ~,~hrr riiht ~~r r~mr~~c •;n~rr !n~. W;~rt~_.r~~ ~~r af~,,rilyd h~ l:~,~ ~,r ~y~ii+~ .,p.l hr ~~er: i.r~i :~~~~c:.~rrrntlt' ind~(knd~nti: ,r,:ir..i~~~l~ li. St~ccc«orc a~~d .1.~ikn~ Bound: Join~ :iud S• ~cral I.i:ihilih; (~aptiunc. 1'h~ c~,~rnantc :~:id .ier:rm~m• h~rcin ~>>rz;ainr.t ,h:~ls himf. .u:~i tin~ ~i~i:t, h~rrii,isrr .h.~l~ in~nr t.~ ~i~._ rr.E}c~t~~c ,u«~..~~r. :e~uE a~.i~n~ ~~f I rn~tcr :~r..S B<+rr.~:ticr. ~!ihjcCl thc j~t.•~i.i~~t~~ ~~f p:~::~~r.~~~h I'. hCr.~~( ~~~f ~~~t~~~.~~~I. .~.~~I ;iLrrrmrt~l. ~~E B~.r:~•t~rr .it.ill IiC i~~irtl .~n~l ~r~~fal. I1i~, _.~E~It.~n• :~n~! hi.t~'~ uf Ihr p: t.tcr :nh. ~•1 thi. ~1~~r._'.~,c af~ t~~f :~~mrctrn~< <~ttl`. .~n~1 :~rc rn~i t,• Ix• u~td ic~ intcr;.rrt ~~r ~_icfir~ thr rr~•~~~~;~r., `:ere;•f. . 1J. \olicc. i~~:cE~l f~~r .~n~ n~~t;:c i~~uir~.i ~:n,!~^ :~{,{•~i~ ~F:: I:~~~. h~ ~~i~:rn .~~•~~thrr manntr. (.+1 am' noti~c ta Brrr,,«rr n:•,~i~l~.1 f.,i thi, \t~~ r~a~~r ,h.~i~ F.e _~~cen f,~ ;.i.rii~~: .u•,h ~,.,t~:~ h. ,~'ffifil't~ m.~i1 :,~Idr«.~J t„ B.~rrm~rr at I~h F~fc~~t'~1~ :~~~i~fi•~ .i! .R~}1 .Vf1C; ~::~(ifi~? :f~ H~.`i.'.`\t~I (?l.l'~. ~~t."!r.~i~' f~•. ?~~lI~C ~ l'TI~~CI .~S pn~~~i~~Ct~ }1Cfl'III. :Ifll~ it~r n.~:~.~ I rn.1~r ,tt:~il 1k~ _iccn h~ .~rt!t:eJ m:+il. rr;,,n~ r~:~ t;..;~~r.t~.i. I rn,!~r~. ad,lrr~~ ~t:ttr~l hcrrin ~r to .i:h .~IE~rr :~~1urr,. I:n.i~~r tn.r. .I;;i~~i:~tr h~ ~t~~ti_r 43~,r.,.•,~c: t~r.~~i.ic,i •~~:r_~~.. rn~tic, rr.~~~idc.l !ur :n thi~ _ \t~~rte~Lr.h.,tl he ~lcrr.._1 :r ti.i•.~ Fc~n _~~ri~ t~~ 13r~r,•~.•rr .~r ~ : ~,.irr ~~i;:~i _ ;~•~i in ti1r in:~,:ncr ilr.icn:~tcJ tT~rc~n. - 1~. 1'niform ~1~~riKay~c: Gu.~~ruiup I.a~~: Sc~~•rahilil.. 1'. m~•r~_:~_~ _.~nehin:~ nr:if~~rt,~ :~~~~n.~nt. f~,r nati~mal _ 'I .~n.i ~,~~n-ur~f:~~~c ;~,~r:~.~,r, •.irh',iir.~tr.+. ~ar~ati~~n. f~~. ~;~•;,~i~.u~~n t~• ::,r.t~ti~;r ~~,~if~~rm ~«iirit~ ir~.tru~:~~nt ~c•vcring rcai rri~~rrl). Thi~ ~1~~r1~_:~:•~• ~E~.~11 }k L~~~~rn~d t~; Ih~ '1~:• Iun.~it:li~~n ~n ~chi:h ~h~ Prnp~tt~' I~ka~c.1. in thC I ~~•cnI ;h:~[ .im ~ n~vi~r~~n :Lr,~~i• ~~i thi. ~1~~,-t,•.i_•~ ,,i ti,. ~ .~~ii~'i.I, ~~ith a{i~,iir.~h~e !:a~~.. ~t~.'h c.,nflici ~hall r~~t a~Tcct ~~thcr E~r~~•..~i~~n, ~~f th,~ \l~~rt~~.~~~r ~~r th~ t, ~.~h~:~~ ~.u~ t••: _iiin riTr:t •.~i~h~~ut thr ~~~n'~i.tin~ ;~r~~i~i„+i. :ut~t tn thi: Cf'~1 I{1C t~l.~'~ t.t~~ll? ~~1 +:~i ~~~~f(L':IL':' :111ij I~iC ~~~1C .1fC ~~i,~.~'i.~ i.~ }~l' ~C'.~~;iF'ii. I~i. BUf~~~~~cf 1\~uP~. Bl~«~~~~~~ •h:~~! 1,r f!~r;ii.h_ 1 .~rt,~r~n:~tl t!~~ \~.ti .,n~i ~•f lhi~ \1rrt~_.~L~ at Ihr IimC :~f ~~r:ut~~,n „r :~t~~r r~_,,r~l.:ti~~n firrr~~f. 17. Tran.ier of the Yropert.: .~.~umplion. li .~II it ;~.~r~ •~t !iu I'n~rrrtc ~~r :~n intrr:~t t!~ercin i, .~~ld „r tran~fermd _ h~ R~~rr.~~.~r~ «rth~~ut 1 ~ndrr'~ pri~~r •,~rittcn n~~:~t. ~~•..<<:.iinc thr rrrali~~n ~~f !irr ~~r iri:~imhran:i ,uhuni~n:~tc ti~ Ih~~ ~t~,,.,,.,cr. iF~ thr :rr:~h~,n rf j~ur.•h:~.r im~n,~ .r.~;rr.•. ~nRr;.t t,,ii:~',.•i~1 :~,~t,1~.~n.L.. ~ri I;:~n.f~n c~ dc~•isc. ~1r,crnr ,~n c~ r~~cr.ttioit ~~f l.i~~ !~p~~r, thr ~i~:ith ~•t . , ::t tti;i,~nt ,~r thc _•r,,~t: ,•3 i~.~`~h~~!J ~~vrr~~l ~~f Ihr~r ~rar~ ~,r Icss r,~, ;n~it:~ininr :~n ~~~ti~ri I.~ ~~:ir:h:nr. I ~t~~lrr m.~~. I cr.~irr~. .~f~t~.,t:. ~i~.Lu~ .i!! th~ •,+~ri, .e~urcd h: ~l~i~ ~1~~rtea~_e t~~ he tstlnii.i::~tth du~• and ;~.~~:~hlc ( ~ndit .i, t11 F;.r.i• ~~.e:•.;~? ~~~!i~,r, f,• ai;rEc'.•!: ti. nfi~~; 1~~ 1hC ~.~Ic ~~r.[ransfcr. (.rndcr :+n.! tF.~ Fx•r~Ufl li~ ~~fl~ifll (}IC ~~f.~j~Cfi\ 1~ 1~~ F`l' ~~I !'.s~:~~i7!i~~ fi;t.fl -~,iC_'f]!Cltt !If l~f"~ilflC Ifl.!( Ifil ~lll~tl ~~f ~uch ~r..,n i~ ti.+li.fa.t,~n t~• I~~nirr .uid th.i~ th: int~~;i.t E~:,~,~hlr ~~n thr .~~n~. .~;u:rd h~ thi• \tu:t~,:iLe ~h:+l~ I.c at cuih ratC a~ I.rnder ~h,~ll r~yui~t. If 1 en.lrr h:t~ tc:~~~c.1 ~hc ~~Pti,~-i a«c!~r.~': ~~r,ni.i~.l in th;~ ~~.tr.~~~r,~ph 1?. :~n~l if B~~r~t~~~~r~~ tiuc~Cti~i~r in ~ntrre~t h~~ c~~cutr~t a ~~r~u~n :,,,um~!i~~n :+_~rrrmrnt :~c:~•~~tr~t ir. ~~riune t,~~ I cnJrr. L~n~lcr .hall rclra.c Bc,rnnccr fram all .~bli~:~ti~~m un~irr thi. ~S~~rt~,aLC and thr ti~~tc If I rnd~~ c~cr~i.r~ •~~.h ~~~~U~~n 1~~ ;trcrirr.~t~. I r;:,l~r !r ~II rnail B~~rr~•~.~rr n~~ti;e +~f .i~.~lCrati~~n irt a~~~rdan~c ~+ith ;,~~r,~~r~E,ii l i%~~rcrf ~~~:h rn,t~~r .h.~!I ~,r~~.•~~_f~ E~~ri,,,! .•f n~t Ir.. th:~:i ~n .t,~~, Ir,~m thr datc thr n.~tirc i, mailcd «ithin •.~hich R~~rr.~~.~cr m.~~ ~,.i~ ~hr .t~tn, ~e~L~~i~! ii~~~ Ii li~~~r,~.,r~ f.ul. t~~ pa~ .u~l: .i:nt. ~rirr tr• lt~r ~~pir:~ti„n ,,f .u~h pcn~~d. ( ~n~ier m.r.. ~~~thru~ fur~!~~r n~qi~r .•r ~l.m.ind .~n li,~rr~•u~•r. m~r1,c :u~•. ~~•nt~di~: ~xrmittc.I ti~ paraer:irh 1S hereof. \i(l~-LNIFOR~t C~~)YF\~\Tti Bnrr.~wcr and I ~n.icr furthcr ~~~~cnant and agrcc as f~llo~cs: 18. Acceleratinn; Remedies. E~cept ac pro~ided in paraKraph 17 hereuf, upon Burrowers breach of am co~enanl or a~reement af BorroNer in this ~torl~aKe, includinK the co~enanh to pa~ r.hen due an} tums secured b}• thic ~totf~;aRe. I.ender prior to ~cceleratir?n shall mail notice to Borrower a. pro~ided in paraKraph la hereof specif}in~: (1) the breach; 12) Ihe acfion - required to cure such breach; (3) a date, not lecc Ihan 30 da~+ from the datc the notire is mailed to Borrower. by Hhirh such breach must be cured: ~nd W) Ihat failure to cure such brrach on or 1?efore Ihe da~e specified in the notice may result in acceferation of Ihe sutns secured b} thi+ ~lorl~;aQe. furecl~~sure b~ judicial proceedin~; and sale of the Property. 'll~e notice shal) further infnrm Borro~~er of the rikht to reimtafe after acceleratiun and fhe riAht to acsert in the forectosure proceedinq i the non-existenc_ of a detault or an~ other defentie of BorrnKer to accrleration and foreclusure. If the breach is oot cured on or before the date specified in the n~~lice, i.ender at Lender'~ nption ma} declare all of the sums secured b}• Ihis ~iortRa~e to be immediatth due and pa}~b)e Nithout further demand and ma~ forcclose thi~ ~tortKa~e b} judicial proceedin~. I.ender shall ; be entitled to collect in such proceedin~ all expense~ of foreclotiure. includin~, but not limited to, reaconable atrorney's fees. and costs of documentan~ e~idence, abtitracts and title reports. 3 19. Bormw•er'S Ri~ht to Rcinst•rlc. ti~~tHith~tanding 1 cnJcr~~ a.:rcl~r.~tian c~f thc tium~ ~ccurc~ b~• thic ltortgagc. Borrower shall have the right t~ h:~ve am prc.ceedin~, hreun h~ Lrnder t~~ enf~rce th~. ~lortgaee discontinued at any time BOOK ~~7~, iACE ~9 r 3 ~