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HomeMy WebLinkAbout0285 ~ . ~ ~ ~ 1 rn.ir~~. ~~nll~n .~~~~~'n,rnt ~~t .~~{~li..ihl~ L~~+ li~~n,~~~~•i ~hal~ ,~a) ih. ani,,i,nl ~~1 .~li muit.. in.ut ,n;r ~~icinii~iu, ~u IL~ ri~.u~nrr ,~~~1r~1 iin~irr {:u.~;r.~{~h'_ hciri~f ~n~ :u~t~~u~N~ ~li.hiu.~~i h~ I ~•nJrt ~~ui.~~.~nl Ilii. {~.~r. i{~?~ ~~~ili utlrr~~t .:hr~rc~n~ ~h.~il h~.~~nn .u4lihun:~l r, ~ IU~~:}~'Cl~lli.~ ~{~~ff~~N~'f 1t'lUfCi~ f~\ ft1i~ 1;l~ ~ t1~C.~ ~31~1:.t~'.CI ~ i'~l.~~f :1~~ ~~i~ll~f Il~]+~ (1r~.~ .l\llll'lll. ?Illfl .Ifll~~'~hl~ ?~l.l~~ f~t'l:l\'dh~C Iliti~R tli~'I:i ~f~~lll ~~r.~~~~~1j~ ~~Cf Il'~}~Il'~Illll !~.1\Ill:ill ~~li~`;~f~in~! .h.ill R':i4"1~trri.t ~r~~m thr ~~:~Il' ~~I~F~l1lKflll'fll :11 I~li ~.1~c' ~~.Il.l~~~~' ~f~~[ll !tlTll' ~1~1'Q1C ~Hl ilUI~L~I1C~ifll l~Illl~l~:l~ illllil~ Ifil' ~t~~C Uil~t~~ {~1~'fll~fl~ O~ int~rr.t at su:h r.tlr ~~~~uIJ hr :unlt:u~ t~~ :y~~,li~ahlc I.~~~. in ~~hi:h <<rnt .u:h :im~,un~c .hal~ h.•ar intcr«i .il thr hichc~t r:?lc ~~crrnis~ihl~ uiiifrr :~{~~liiahlr L~~~ ^~,t1;in~s i.~r:i:~incd in thi. par.iei.~{,h 7.hall rcyuirr 1~ndcr i~~ ~ncur an~ r~(?~mc ~r takc . ...:...'._...c.!.+r ; • *'ti. Impeclion. l.crnlcr m:~~ ma~,.• ~?r:a~uc M hC M:~dc rca~onahl< <•ntric. n~~.~n ;~nd iii,~,~:t~,~n. ~~f ihr Pm~xrty. pn•~•idcJ t1i.i1 1 cn~l~r ~hall t~i~~C Burru~~~i n~V~~~ prii~r tc~ am• ~ii~Hi»c~~~'lii~n ~~x~il~~ing rc:~tc~nabl~ ~ ~u.r th~ra~f~~r ~cL~i~t) 1~~ I cnd~r'c ~ntr~~•.t in thr Prcqxrty. ~ 9. Condemn:~tion. Thc {~r~~~~cds uf :u~~• a~+ard or ri~im fur ~lama_~s. dircil ~~r c~~i;.~yu~ntial. in ~.~nnccli~n ~~ith a~~' ~un~trn~na~i~m i~r ~~thrr takin~ c,f the Propcrt)~: or pan thcrc,,f. ~~r for ~unvc~•ancc m licu ~~f r~~ndemi~:+ti~~n. :~rn c~rrM• :i~.icncd :in~l ,h: 11 h~ p, id t~ f cndcr. ` In Ihe ~~•ent of a t~~tal I;i{,in~ ~~f the Pr~•~r~~~. the pr..;eedc ~hall h~ :~4~~lied t~• ihe .um~ secnrcd h~• ~hi~ .l~~.rtg.~ge. .~ith thc r~rccs. if am•, r,~i~t t~~ Ri~rn~w~r. ln thc c~•enl ~~f a~arti~l taF,~nc ~~f Ihc Propcrt~. ~mlcc~ R~rn•ti~cr :~n~i 1 cndcr ~~ihen~i~~ aFree in ~~•riling. therc cfiall he applied ti• the wm~ .rcure~l h~ thi. '~1~~rt~a~,~ .u:h ~rt?p~.rtion ~,f thr , n?ceedc :~s i. ~yu.~l t~~ that pmp.+rti~,n «hich thr :imc.unt ihr ~um. •~:!~r~d h~~ !hi. ~1rit~a~c immr:li.~trl~~ ~+ri~,r t~, thr datc of .ti.~ s-:.-...-.rt•_~. .•zl:... :.r r4- P.,e~•rfc• imn~:•ei~.:fr~!ti• n..,,r ~n th4~ sl:ate ••.1 t~ikin~. ~~i4h thc h:~l~n~r i~( thc pf~kCCilt . ~c , . - paid t~• Borrow-cr. ~ If thc Proper~~• i, aha;idone.t i~~ li~~rr~~~vrr, ~~r i~. :~ftrr m~ticr M• Lrn~lcr t~~ Ri~rr~~~crr thal the c~ndemn~r ~~fTera to make :~n :iw:~rd r~ ,eitl~ a ~laim i,~r iLutt:~,". B~•rr~•~~•rr f:iil. ~i~ rr•~x~n.l t~• I~r,clrr ~?+thin ill d:i~, :~ft~r thr ~I:~t~ w:h n~~tire ic rn:+ilcct. I:cn~ler it auth~rir~d to r~•llr,~ and apph ~h~ prnrrr~l.. ;it 1 cnd~r'. ~,{+~i~~n. rilhcr t~~ rc~toration ~~r rcpair i,f thc Pmpizt~ ~~r t~• thc ~um. ,~curcd h~ thi. \tortgagc. Unlcs~ 1 cn~cr and I3orra«rr ~,thrn~i.r acr~t in ~.ritin~~. :~m ,~i~h :~{+~1i:.~ti~~~~ ~•f ~,n~:cc~l. t~~ ~rin:i~,:~l ~h.ill n~~t r~tend ur P:~~t~~nr thc Jue ~i.itc ~~f thc mo~~thl~ in.tallmrnh r~frrr~~ i:, in E,:~raLr:i~h. !+!~d ' hcr~~~f ~~r ch:~ner thr :~m~~unt ~•f wch imtalimentc 10. Borrower Vot Relea~ed. 1=.~temi~n ~~f Ihe timr E~~r ~~a~ m~•nt .~r m~~.tificatirn ~~f :~m~~rlitltiun ~~f the •um~ cicured hy thi, tit~.rt~~aLC ~r:+ntrtl h~ I enJrr t~, :,nr .urcc~.i~r i,i iFitrrr.t ~~f Rrrr~~ti~cr .h.ilt nrt ~~rrratr t~• rrl~as~. in an~ mannc~. thc li:~hilitr ut thc rrikinal B~~rm~~r• :~nd Brrn»~.r', ~u~~r..~,r~ in int~rr,t. l.~uter ~hall n,•t hc nyuirr~l t~~ r~~mmcnr~ ~ r.rcrr~linz. ,~e~im1 tiuch sue:r~s~~r ~,r rcfu~c t,, r~tcn~l tim~ fc~r ~~aymcn~ ~.r ~~then~ i.r m~~.iif~~ :~m~~rtiiati~~n ~~1 th~ wms .c:urcd h~~ thi~ A1~~neagc h~' rca~~~n ~~f :~nv dcman.l m~dr hti th~ .~ricinal R~•rr~~~c~r :~nd B~~rr~•~~er'c ~ucr~,•~•r. in intcr~a 11. Forbearance b~• 1.rnder \ot a~l'ai~er. -~m f~,ri.r:~~a~~;~ h~ 1 rnJcr in r;erci~ing ::m• right ur rrm~d~ hrr~~~mlrr. ~~r ~~th~rwi~c :itT~~rde~f h~• :~~pli::~hlc I:n~. .h:~P n~~! Fk a N':iivir rt ~•r {~rc.•ludc th~ ~~cr~i~r ~~f :im ~urh ri!zht ;•r rcined~~ ihr prcxu:cmcnt ~f imuuinrr or ;h~ pa~~me~i1 uf t:i~r<<,r ~~the~ li~m ~~r ~har~c~ hc I.ender .h;+li not tx: :i ~•ai~tr ~~f ! en.lcr't n~ht t~, ar;~i~r:~tc the maturil~ ~~f lh~ iud~hl~dnr~~ .c_+nrJ h~ !hi: \1c~rtLa~~. 12. Remedieti ('umulati~•c. A!1 rrmc~lic~ pm,i~ed in thi~ \1r:tgace .~rr ~ii,tinrt :~n~t rumnlativr tc~ :~m ,,!h~•r ri~M ~~r rrme~l~~ fmJr~ thi, ~1~~rtiag~ ur ati„rd~_.1 h~- la«~ ~•r equir~. :~n~! ma~ he raerriti~J :~~ncurrcnth•. inde~xndentl~ ,.r ,~::r.~i~cl} 13. Succestiors and :~~tii~;ns Bound: Joint and Se~rral I.iabilih: ('ap~iom. The r~~•rriantc :~nd :~crc~m.nt~ hcrein :~~nt.unc.i ~hai: hind. :ind th~ ri~~ht, hercunder tihal! i~urr i~~. thr rr.{•rcti~e ,~irr~,•.~rti and a~~ign. .,f I~n.irr .~nd B~~rro~rer. ,uhi~_~t l~~ thi ~r;~~i.iun~ r( p:~raeraph 17 hcre~~f. All .~n-ru:~nt, an.t .~~r~rm.nt. .~f B~~:ru~+~r ~h:~l! Fxx I,~int .~nd ~~~~cral. i i~C ~!~llllHl~ .~t~i~ ii~.i~ir,i_~ i~~ (l.li:l~(;Ir}l~ ~ t~l If7h ~~t1fIL.1~i .Ifl ~iri l'~~:lYl`fl'Ctl~l' ~~f1~C :tflt{ :1(l' Ili~) !1~ hl' tiCl'l~ 1(~ ~[ttCi~~~~I ~~f lltftlC lflC pfalt~~ll~tl, `.~CfC~~1. 14. \oticc. E~:c~t f~,~ am• n~~ti~c rc~;~iired ::n~.lcr :ir~~li:;it.'~ Li~~ hc gi~•c~i in :~n«thrr manncr. /a~ :int• noticc t~ Re~rr.~w~r nr.•~ided f~~r in thic ~1ort~_,~ze tihall F?~ ei~•~~ti h~ mailinr .t~:n ~~~~ticr h~ :;t1if«t m:~il :+ddre,•~d t~+ R~~tn~u~r at t thc Prr~xrt~ :~ddr~.~ ~~r at .urh ,~Ihrr a~ldrr:c ac B.,rn,~<<r n~:~~ di•i~~n:it~ h~ rn,ti~~ t~~ 1 ~mi~r :s; pmvi.i~J hcrcin. :m~i ! ~h~ ac~ i~~~.icr t~~ Lrn~i~r .h.~ll tti gi~tn 1.~ ctrtifi.d m:iil. rett~rn •~,r~~•~ r~u~;r.t~d. t~~ I cn•l~r'. ad~lrr,t sta~r.l FtC~~in ~r to f .urn „t':.r adJr~,. :i~ I.rnilrr m:n Jceie•~:~tc h~ n~,ticc t~, R~~rr~~~~r~ :n P~.~~i~r~l lur~~n. :\n~~ n~~tir~~ pr~~ci~lr.! f~~r in thic ~ \1~,rtL.~,c tihall Ix ~leen~rd ;r h.«c h~rn L~~cn to 13~~rr,~H~r I e•nit:r ~+iu~ ~i~cn i~: Ih~ ntann~r ~1~vt~n~ted h~r~m. ~4 15. L'niform Zinrt~;a~r: G~r~ernin¢ L•rN: Sc~cruhilih. lh.. i~~~m nu~rTea_c ~~~mhincs unif~rm ~~~~•en.~nt~ f.~r n:itir~ial E ,t~C :tllt} Il~~ll-~l(ll~~~f!11 l~~\C:latll~ ..~ith lim~t~:i \':ITI:IS1~~ll~ h\' ~itfl~~ili~l~~11 l~~ :tNl~i:lllll' :1 U~11~Jf'fll ~r~nritc in.trum~nt l'<~~'Cilllg ~ re:~l ~r~,E.~r1~-. Thi. \i~~nLaee ~h:~ll ht ~L't~~~~rned h~~ Th~ l.~ti+ rf the iuri~.ii;iirn +~i .~-hi-:h ti~e Pm{krt)• i. f~4:~trd. in the ~ r~•ent th;.t an~ ~n~~•i~i~at ,~r .lau.< <~f thi. \1~~rt_~a~_r ~~r th~~ \.~tr :~~.n?l ,h ~+i1h a~{~li~ahl~ Li~~. ~u~h c~,nfli~t .L:il) n~~l at[cct ~~thrr ~.r~~.i.i~,m uf tlii~ ~i~~rtc:~~r .~r thr \~~tr ~~iti~h :.~n hc ~_+~rn rtTr.i •.~i!h~+iit thc :~~n~l~:t~n`_ ~?mvi.i.m. .~n~1 t~• lhi~ ~ ~r.d Ihe ~~ri~~t.i ,n~ ~.1 titr ~1t~rt~,:~!,r attJ (h:~ \.,tr ;~rr ~!r, L~rr~1 ,.e~~era~l~ 16. Borm~~cr'1 ('up~. R~rr~,~+rr .!,;~ll hi• ~n~ni.hr.l ~.:rzfrrr,trcl ~~f t'~~~ \t~ti .~n~1 thi. \1nri~sa~~ :~t thc timC ~ ,t r~r.:itic~n :~ftrr rr~urd:i~ion hrrr~~f. 17. 'I~ramfer of the Pmpert~: :1«amplion. If all ~~r :~n~ +~~i ?h~• Pr,~prrn rr :in intrr~.t thrrein i; ~~~ld ~~r trancferreci ~ h~- B~,rr.~Hrr ~+ith~~ut l.~•~idcr'~ prii~r ~~rit~rn ~~~n.~rit. r~.1,:~iin~ th~ ~r~:~Ii~~i~ ~~r :i li~ie .~t cn:~imhrun~.• tiuheu~tin:itc t~i thi. ~t+~rte ~i•~. fh1 1hr ~riaUt~n ~~f ~urch:i.r nu~n:~ .r. uri~i ~ni: r~•~t f:~r I:~~ i,rh.d~l .~{~~l~:~rt~e.. f~l .i tran~frr h~ dc~-isc. Jr~.~nt ~~r t,~ ~~~~cration .~f Lr.~ uprn the .Irath ~~t i:~irt trn:~nt ~~r ~,1~ :hr _r,~nt ~~t .,i~~ lr:~~rhrld ii~trrest ~~f thrr~ ~-~.uc ~,r IcSc n~~t ~.~nt.iinim, an ~~r1i~.~n to ~nr~hau_ I r+i~1r+ m.n. .~t I r~~~1r~'• ,~~r'. ~~s,. il..'.rr a11 thr ~um~ u.ur~d ht' (h:s ~1c~rteaec tr bc ;:itnu.li:tt~l~ d~ic .u~d t~;~~'ahle. I~'ntkr ~hal! h:r.< <~ei~c:: , t:h i~nt~~~r. t~~ :~~:~•i~r.~te it. r~ii~.* t~) IhC ~.t1C ~~r trancfer. 1 rnder :~n.l Ihr p~r~~~n t~~ ~th~,m thr Pr~~~rt~• i. t~+ hr ..~l~i ~~r tr.::••t~rr~~l r~•.~~h .~e!crm~nt in ~+ritint tfi:~t lh~ rre~lit ~~f ~u~h pcr~„n i. ,:~ti.fart,~n t,, Lrn~kr .~nd th:~r ihr int~rr.t ~~a~.~hlr ~~n th~ ~iE~~~• .r:iirrd t,~ ;hi. ~1rrl~a~c ~liall hc at su:ii raic a~ I.cnder ,6.~11 re~~ur~t. If I cmicr h:i. w:~i~i~ th~ ~~~~ti,,n ~r a..~l~r.,tr ,~r,•~i~IrJ in thi. r:~r;~~•ra~h 17. an~l if I3c,rrc,~~rr'~ .u~cc~sor in rntrr~.t h~. c~~cu!c~i a urit~rn astium~ti~,n :~cr~cment :ir~r~!~d in ~~riti~,, hc I rn~kr. I.cn.icr .h:?l) rclra~~ B~~rm~..cr from al{ ~ ~,bligatu,nti im~lrr thi, \1~~rtg:~gc and thc '`c~tr- . If 1 ender r~erc~•e. ~u:h ~~ptii~n tr ac~~lcr.ur. 1 ~n.l~r .h:ill mai! R~,rr..~+rr n~,h.e ~,f arrelerati„n m:ic~~~rd~nce ~~ith ~ ~,ar.~graph 1-3 hcr~c,f. ~uch ni~~icc .h:i!I rr~~vi~r .i {~cri~~~l ~~i n,~t Ir~. th:~n ?fl ~ta~~. fr~~m thc date thr ni~ticc i~ mailcd ~~ithin ~ ~~hi:h R~~rrr~~cr n~:~~ p:~c thc tium~ ~ecL~rc.f ~lur. 11 Brrr~,~~rr f:~il, t~~ pa~ ~u~h ~!im. pri„r t~~ thc c~pir.~ti~~n ~~f ~u~h pcri~ul. ~ Lrn.lcr m:i~~. ~~ith~~ut furthrr n~•tir~ ~~r.icmand ~,s~ It~~rru~+~•r. ~n.~~l.~ an~ rrmrdic~ ;krmiuc~l hc ~~ragra~h SS hcrcof. ~ . No~-[`~it~~K~~ C~~~F~~~TS. Horruwcr and 1 rnJer funhcr c~~~~enant and aerce as follows: ` 18. :lcceleration; Remedies. Fxcept ac pro. ided in paraRraph 17 hereof, upon Borrow~er's breach of anv co~~enant or a~reement of Borrower in this ~tortRa~e, includinR Ihe co~enanlc to pa} µhen due an~ sums cecured by this ~tort~~~e. I.ender rior to acceleration shall mail notice to Borrower a~ rocided in ara r.~ h 14 hereof s if m(1) the breach; t2) the action p P P R' P P~ R: ; required to curc such breach; (3? a date, not less Ihan 30 da~s from Ihe date the notice is mailed to Borrower. b}~ Nhich such breach muct be cured: and (4) Ihat failure to cure such breach on or beforc the date speci6ed in the notice mav result in r acceleration of the surm secured by this ~fort~;aRe. foreclowre b~~ judicial proceedin~ and sale of the Property. 'Il~e notice ~ shall furlher inform Borrower of the ri~hl to reinstate after acceleration and the ri~ht to usert in t6e foreclosure proceeding ~ the non-existenc•~ of a default or an~ other defence of BorroNer to ~cceleration and foreclosure. If the breach is not cured on or before the date specified in tfie notice, I.ender at Lender's ~ption ma~ declare all of the sums secured b}• thic :?torfRaRe !o be immediatel}~ due and pa~able Nithout further demand and ma~ foreclose Ihis MortKaRe b}~ judicial proceedinR. i.ender shall be entitled to coUect in such proceedin~ all expenses of foreclosure, includinR, but not limited to, ressonable attorney's fees. and costs of dncumentary e~~idence, abstracts and title reports. 19. Borrow~er's Right fo Reinstate. N~twithstanding I.en~ier', a~relcration c~f the sum~ ~ecured b}• this Mortgage. Borrower shall have the right to have am• prcxeedings txgun h~ Lender tc~ enfe~rcc this ~tortgage discontinued at any time ~ ~ _ oo~~ z~ Pa6E ~ i