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HomeMy WebLinkAbout0665 1 V ~ 1 ~~ntc~ . ~~~}ttr~; .~~;~.•intr~:t ~~i .ip~,li,aidc L~:~ li.~ :~,~~rr .h.iil, ~~a) lh~, ait~.~unt .~1 . It71~'~It~.~_i ~,~..~i.ui.r ~,r ~rn~;.m. ~n thc n~.u:iirr ~i,~~~.i.•.1 un~irr 4~.u.«~.~ph ' Itcrr.~t \n~ .~t~i.•i~nt. ~}~.htn.r~) M I rn~lc: ~~~u.~~.~nt t~~ •i~„ ~~.ii.~,,r.:4~h ' .,.:ih i~~rt~•.h tiirrr,~n .h.,ll hr.,,,n. .~~l~l~ii, ,~.~I in,!ih'<<I~t:,. ,~t li,~~n~~~rr ~c~ur.•~t h~ ih,. \1~~i~L~.~~i i:~:.. I~~~:i~~.•rr .in,l I in,!:i c~tht•r trrnt. ~~t ~.,~~m.~rt .u:h ant~•u~~t. ~h.~ll T~r {~.i~ahir n~~.,n i~,~n.: ?n.rn 1 iitii~i 1~~ li,,~r,••.~;i rr:i;it.~in, {~.~~ru~~~l thr;r,~! .,rnl .h.~R hi.~i int.rr.l ~~~~m thr ~1:~1~ t~l~f`tif~l'fll~'lli .1~ l~lt' l:llC }~.~\.t~~~~ ~(~~511 I1111~' 1~~ i:fliC ~N1 U111~!.til~~Illl' ~~i11~.~`~~.1{ ~1111~1i ~f1C ~~~Il` 1)il~l'~? ~):l\'llll'(lZ llf i~tr~r.t :~t .~i.h r.~tr „~~iil,i hr ~~~nuai~. r.: .:r~,li.•aMc I.~~~ ui ti~~i~.h .•~cn1 ~u:h :im~+ur~f. ,h:~l) hr:ir intir~.~ .il ihr hit~hr.t iat~ ~•nnic~ihl. un~ler :~~,rl~..~Mr la~~ ti~~thin~ crr.~ainr~l in th~~ p:+~a~ra~~h ~ chall rry~;:r.• 1_•n~!:- i~, ~r.cur :~m r~prn~c ~,r t~kc ,~n)' a.1~.+n t~rm~mdrr , . R. lu~pectiou. I cn,l.r ma~ n~.~l,r ,~r ..~u.r t~~ hc nr.i.lc rc.~•.~n:s4~tr rmric. «~•~~+i .+~tid iti,~.r:~;,~+~• ~,f ~hr Pr.~pert)''. pr~~~i~ir~1 Ih:~I 1~iul~r ~!~.~II ?:?vC H~~R~~~~ir n~~tiiC ?~ri~~r .tn~• ~ti~h im~x•.'L~~n ~{x~,i(~int rr.~,ia~:~hl~ ..iu~i Ih~•rrh•~1~Cl:llctl lu 1 endcr's ~nt~rr~t ~n th~ PruEkrt~'. 4. Condemnatiun. llu ~r~~;~rd~ ~~t :~nc a~~.?rd ~~i :laim f~~r ~lamacr.. ~lir~:~ ~,r r~,n.ryurr?~i.~l. in :~,nnc~ti~~ri with am• .~,n~icmn:~ti~~i~ rr uth~r t:~l,inti ~~f ~hr Pn~~~rt~' .~r {~art th~~<<~f. ~+r f~,r c.~mr~.in~r in li~u ~+t :~~~~dcmn:N~~~n. :u~ i~~:vM~ a~cig~~cd .?n.l ,h.~l; hr ~:~id t~~ Lrndrr. L~ Ihr r~~ni ~~f a t,~t:~l t.i{,inr ~~f th~ Pr~~~xrl}. the pr~~.~rJ~ .hall hc :~{~{~lir.t 1~~ thr ~~~m~ cr:un•d h~' thi: ~1~~rtg:~CC- ~~ilh iii~ ~~~r~t if :ti1~'. (~.~id 1~~ B~~rrr~~ir In Ihc c~'~nl nf p.~:li~tl I.d.inL ~~f Ih~ l'ru~~~~I~. iml~••~ R~,rr~,~~~r and i.cndr~ ~+thcr~~i~i• akr~~ iit ~+nti':L. Ih~rc ~hall h~ .~ppl~cd t~~ 11ic ~um~ ~t~~iri~1 M thi~ ~1+~~IE:iu~ .ti:h ;~r.~p.~~tiu~ Ih~ pnk~cd~ at ~c iyua! tc. th~t pm~,rti~~n ~~hi.-h +.hr .im~~u~~t thr .um~ .L:urrJ h~ th~. VrriL.~LC imm~~li.~trh ~~~~~+r i.• thr d.~t~ t?f t:~k~ng Fxar~1~~ th~ fair ttt:~rl.ct ~:ilu~ ~~f Ihc Pr.?~xrt~ immtJi:~t~R pri~a t~~ thr .lat~ ;~t t.~l.;m~. ~~ifh ih~ h.~L~n:< <~f thr pr~~:~~~l~ paid t~, Borrc.w•~r. If thc Pre~(+crt~• i~ :~h:~r.d~nc.1 h. B~~rrrn~rr. rr if_ :~ftcr n.~ti:~ h~ I~•!~d~r t,~ R~,~n~~~ri that'.thc rnndcmno~ ~~(Tc~~ to makc :~n :~~?:~r~l ~~r ~cttlc :i ~la~m f,~r ~I:ir.i.iL~.. $,~rr~~w•rr i:~il. t,~ r"~~~n.l t., 1 c~~drr ~+irh;n t(t d:~~.. :~ftrr thr ~1.~?r .u:h n~.tic~ i~ m:~~1cd. I.rnilcr i. auth~rii~d tc, ~i.llcct and ap{•1~• ~hr pnk:~d~. a~ 1 rndcr'. u{.si~~n rithcr 1~ rc~torali~~n ~•r rr~:~ir ~f thc Pr~~~rtc ~u h• th~ ~um. u~urcd h~ thi, ~t~rtuagc. 1 `~~li~. 1 in~lr~ .~nd Bi.rrr~.~~r ~,thcn.i.r :+cr~c in ~~rtlin;. :~n•. .n:h :~t~rli:.~?~,,n ~~r~~.'«i1~ t~~ {~rin.i~~.~l ,h.~ll r~n? ~~tcnd ~~r r~~~t{~~~nc thr ~lu~ i1:~1e ~~f Ii:c nt~~nthl~ in.tallm~•nt, r~f~ rr:.1 tr ~n ~~.~i;i~~ra~~h. I.r~i! hcrcnt rt :h:~n ~r th~• :~m~~unt ~~f ~ucfi ~n<t;ilfn?cnt~. 1(1. 8orroNer \ol Relea~rd, f~tcn.u,n c~f thr timr `.~s ~+~mc•,t ~,r ,n,~difi..~ti~~» ~•t :tm~~rtiiati„n r! thr ~t~m. ~«urrd h~~ ~1~~rt_• !s~ tr ~n!«I h~ 1 rn,lrr t~, am ~u.cc.~~~r in intrrr.t „f B,~rrmarr .4}:~11 nc.~ n~~ r.itc t~. rrlr:i~~. in a~c m:~nr.rr. +I~~ li.ihilil~ ~~f thc ~,ri~in.~i B~~rr~~~~rr and I~~~rr~~~~rr'. .u~:~•.~,~r. ~n intrrr.t 1 rnJcr ~halt n~~t r~y~iir~.! t~~ <<~inmcnrr ~~t~+:1C~1111,,~ .I1:1111~1 ~11~f> >!!i:C~ll`( !`I l~f11K h+ ~\titl.~ hll?i' ~t~f P.1~'~ll~tll i~f l~t}t~f'.\:~i flll~ljl~~' :Iflll~fll/:fU~~II ~'f l~ll' ?III115 .c.arc~! 1•~ thi. ~Irrt;•.:~ ht rr:~v~~* .,.~m ~Ir~u..n.i ~na.1r h~ tf•r rci~~t~r.~l Rt~rr.~u~s .:;~.1 B.~~n~:c~t's tuc:~.,~•r. ~n inttrr,t. 11. Forbe~rance b~ l.cndcr \ot a~~'ai~rr. ~n~ (~~rh~•; ~,i~~.:~ h~ 1 rnrirr in r~_ r. i~ir .~n~ rieht ~~r rr~ei~~~i~ hrrr~milcr ~~r ~~tnrtti~~~ afT_~r~le~l hc :?~pfi::~h1r .hnli n,~t t~ a•.~:~i<<•r ~~r pri~lude thr r~~r~i.r ~~t am ~uch rizht ,~r remed~ -Tt~~ 4,rck~.r~nirnt ~~1 i»,ttiran:~ ,,r Shr l~~vmr~it ~•f t:~~c. ,~r „i;.~r 1~rm .~r :h.~r~.•• h: ! rndrr .~::+11 not h~ :~.,~~~r ~~f 1 cn~9cr'. rikht t,~ ac:rter.~t~ !h~ maturit~ ~~f thc ;nJ.hi.•dn:•.. .r_:~n.! h~ thi. \l~,r~~_a~r. - 12. Rcn~cdiec ('umulatin. •11' rrinr:hc. ?,r~,.~Jril i~; thi. V,~rt_~.iLr :~rr ,li.tinrt sn.l .~~m~ilati~•c tn .:m ~~ih~r ~i~~ht rr rrmcJc nn~i~r thi. ~1~~rtc.icr ~~r :~iTrrdrJ !~c 1:~~ti ~~r ryuu~ .~n.l ma~ hr :•~crii.r.i :.~sicurrinUt. in.Ir~xnJcnl!'. .ii..r,.i~~~h 1;. Succcc+orti and ~1~riKns Bonnd: Joint •rnd Sc~errl I iabiliH: t'aption.. -ih~ ..,•r~r.~nt. :~nJ :i~~.•c!ncm, hrrcin :~~nt:,in~:! ~.h.ill hin~l. .~r.d ~tir ~i~,ht~ hrnttnJc~ ~h:~ll ~ir.~rr ±h~ ri~~~c:titic ~ui-:~••,~r. a~!i! .i~.if:c~. ~~f 1 ~n.lr~ .r;i! R~~~ru«cr. .uhiicl Ic~ !he ~,•,~~i~irn. ~+f ~~aracraph I? hcr~i~?. :~U ~.~~in.~n1, an~I :~c~«ntrn~. ~~f Rc•rn,~ccr ~hall hr ;,•~n1 .~r~l ~.:~r~l fhi ~.i(~Ii~~r .:n•1 hca~lin~~ ~~f ~l;i ~:ir.~~r:~[`h. I{~i, ~1~~r~~_:i_.• .ir~• f~~r ~~~n~~~n~rnc~ ~atl~ .~n~l :~r~ n~~t t:~ t+~ ~~~~~1 t~~ ~~il~:nrct ~~r ~~iinr thr r+?~n~~i,•n: lir~~_~~5. - l~. \otice. 1'~rc~t frr :in~' !li~h:l' r~uirirrcl ,~n~ic~ :~,~t,li~,ihl: I:r.~ . ~ h~ ~~i~~ n •~i :~~~.~Ih~r manner ~:t~ .~m ~~.,ti~c to liur~;~~+rr E~r~~~iJcd l~~r ~n thi~ ~1~~ri~.~_•c ~h:~IR hc gi~~n h~ m~ilin, .u.h n~~ti:c h~ .•rr.ti~~! in.~il :~.1drr••r~l t.~ $~~rr~~«~r :tt ~hr Yr„i,er~~ t~ltfrc.. ~~r :~i ,~i:h ,~~hrr .~~1Jr~.. R,,rrr~.+r; me~ ,1~-,~_~s~:~~~ h~ ..~•i.i !,t 1 ~mlrr ~,r,~~i,lr~f hrr~in. ::n~t :~c~ t~~+Ur~ l Cn.t~r ~ha!! h..• _~~cu M~crl~ti~.i m s~l. t~'t;+n, ~~_~r~t~t =r.~ti:r.Ir.i. f ct:itri ~ ad,lri.: .~:~Tr~i hcr~in i~r tn -u~ii ~~Ihrr :i.lilr~•.. l in~l~•r tn.~~ .lc.ien:ui h~, n~~~~:c K.~rr~•.+r~ ;i. ~•n~.:~1rJ 'i:-c~r; \i?~ m~ti:r pn~~i~ir.1 (~~r in thi'- ~1.~rlL:~Lr ~h.~ll .!~cr»~d h.~~~ i~crr? ~,t~rn i~~ li~~in+~~~r r:~~i.~ ~~~in Li<<n i~~ thc tn:~nnrr iic~i~_nat~d t~crcin. 15. l`niform ~1or1Yal~e: Gu~crnine l.aw: Ccrer~bilih. 1h r:.~t m~~rt~~.~~~~ _,anhinr. nnif.~rm ~.~~•en:+ni. f~~r nati~~nal ~.i anJ nr,i-~init•.r^~ .~,~r ::u:t. :.~th timi[~.! ..~::at;.~n k,~ „,~~,'„t;,,{i t,• ~~•n,ntr~tc a u~,~EOrn .eii,r,tt• in.lrumcnt i~,~enng :.;1 ~+n~~~rn li~. ~t.~ri~~.~z~ ~~~:~11 Ik zr~rr!i~d h: thr I.:~•. ~~1 I~tr iuri..l~;ti,~n n•..hi:!i thr Pm(krl) I.~~.12«l. In thc 'M :':i•nt !h:,t ~m rr,~~•:~r~,~i nr :l:~n.~ ii~ thi. ~1.~;t_•:~~~ . ~ thi :.~n?i~t. :~itn .~t~;~lir.~hle l.~~? .,i~h c~~nili~t ~h:il1 ni~t :tlTctt ~~ih:~ ~i~•+••n~~~. ~.f tfr.~ 11~tttca~c .~r thr \,~t. ••+h~.h _.~n i~r _~•i:~ ~•fTr.r ::i!h~,~:t the ~unP~:tin~~ ~rc,•.i~i„:~. c~nJ tn ?ht~ ~ .~r~e~ tf?l' f~t~`:I.A'(1~ ~.'t 'ft~' ».~~f1~Z.N;C :llltt (~:i ~Vli' .tl~' :I~•~~.~[Cl~ 1,~ ~l':iSSl.i~ ~ 16. Borru~+cr'ti ('u~». B~~;rr~tirr ,I~:il~ h~ Inrni.h~.~ : nt„~~ncit .~~i~•. .~i th: \utr .~n.1 ,~f ~1~,rt~_.~e~ at th~ timc ~ +t c\e:ittiun t•r :it(Cr r~:,~rualinn hrri~~f. 17. "I~ran~ter uf the Prupert~: :1~~tnnplion: I~ .~t, i~.~~t ~~t ?h~ Pn,~~rt~ :~r imrr~•~r thrrcin i. „•1:! ~~r tran.ferrcd i h~ R~~rr.~~~~r t~i[h.~i~r IxndCt~ti rn~~r .~tittrn ,.~n.rr±. c~.1:.~GuL thc :r~:tli~•tt <<t hc~e «r encrimhr:~n:r ~uhnr.4+nate t~~ th;• t1~~tt~.le~ th1 titi .r~:ilum nf pur,ha.r ninn~•~ .i:;i;i!ti intrrr,t f,~~ h~~u.rh~~l~l :~~,t~}i.~n.~~. ~il a tr:~n~fcr ht ~.k~'isC_ € } :1r.:rnt ~~n c~ i,+~tr.~t~~~n ~,t I.~L, ,ir~~n lhr J~:~th "t ~.n:in~ r; ~~1~ ~ ~r:nv „f .~n~ ir.~~ih~~ld iritrre~I ~~f !hrr< <<: r. ~~r Ic~c ~ „~~t :~~ntainin•* :~n ~+~ti.~~i h~ rur~h.~:c. t rmicr :et.~~. .t i :nJrr'. . , ~r.L~rr .~;1 th. ~~mi~ •,r.r.rt•J h~ Ihit ~~~~i1L:~,1'~ 1~~ hc ~ mrnr.h:itrl~ dnc :ind ra~:~hl~ I cntkr ~h:il~ h.~~~. ,.ti.~<<<.i .~i~h ~~~~ti~•n ;r a«rter.~tt if. s+ri~~r 1~~ the ~al~ ~~r tr~nsfer. I en~ier ~ .in.i tI1~ (kr~~~n !t~ ~~h~~rti Ih~ I'r~~~+er1~' i, t~, F+~• .~~'.J ~~r tr.in~~rrr.•d r:~:~.'h ~r~rmi•n; in •.~r~tu~z thal fh~ irC.1iI nf ~~Erh ~r~c~n ~ ~.~ti,Fait~•n t~+ l cn,l~r .~nd Ihat thr int~~~.t ~+a~.~hl~ ~~n thi• ~~~n~. ,~,•urrd M rhi. ~1~~rtza~c ~h:ill hc .11 s~~rh r.itc a~ Lrnder .h.~l( rr.~~s«t. If t cn,tcr h.~. a:~i~r~i thr ~•r~s~•n tr :~,~.Icr.~:r ~r~~~ i~ir~i in !hiti ~~.~r.~,r.~~h 1~. an~l il Rrrrc~~~rt~, ,ur~c+~~~r in ~ n~crc.t ha. ~~~cut~d ~crittrn ?swm{•~i~~n acr~rm~nt .~~cr;•!r~1 in •.~rir,~iL h~~ 1 rn.tcr. L~n~tcr ,hall relc:t,c R~~rr~~urr Crum all a ,,hlii:rt~c•n~ un~ler thi. \1;~r~g:~ec ancl thr '~rtr. . ~ ff i ~nJcr c~~rci.r. .~~ch ~~pti~~n [c~ a~rrlrr.~!r. I~~i~ir~ .h.~ll rn:~i! Bi~rrc~w~r n~~1~~r ~~f :ir.clcrati~~n tn :~.«~rclancc «ith ~ :~ar.t~_r:~ph 1-~ hrrerf. Such n.~Uic ~h.+ll rm~~dr a r<:i:~~1 ,~f m•t 1i~. ~h,ar? i~ ,f.~~~ frrnt thc ~latC the n~~tice i~ m:iited ~?ithin r .~hich R~~rn~~+cr m:+~ thc ~i~m~ dcc!.~rr.} dn~ It lt,~n~~~~cr t.~il. ,~nh .~ir:~. pn,,r t~~ thc c~pir:au~n ~~f ~uch ~~ri~xi. ~ 1 ~n~1rr ma~. «ith.~ut furthcr ni•ticr rr Jrtnand lirrr~~~~~•r. ~n~~,l,r an'. rrmedir. ~nrm~U~.1 h~ ~aracra~h 1~ herenf. s ' h 1iOv-(~ti1FOR~1 C~~)~ 1`a~T~ Ri~rmwcr and l rnJcr furth::r cu~cn:snt :~n~i a~r4c ati foll~,~:s: ~ 18. Acceleration: Remedies. F.rcept as pro~ided in para~;raph 17 hereof, upon BorroNer'c hreach of am rovenant or _ a~rerment of BorroNer in Ihic ~tortRa~e. includinK tbe co.enanlti to pa~ ~•hen due an~ sum~ secured b}• this ~tort~a~e. I.ender prior to acceleralion ~hall mail notice ro Borrower as pro~ided in para~;rapl~ 14 hereof specif~inR: /t) the bre~ch: 121 the action required to eure snch breach:/3) a date. not lecs Ihan 30 day~ fmm the date the nMice is mailed to Aorrower. by w•hich such breach must Ix cured; and (41 thal failure to core such b~each on or Ixfore the date specified in the notice may result in acceteration of Ihe sumc secured b} this ~1nrtQa~;e, foreclowre b} judicial proceedin~ and talt of the Properh~. 77~e notice ~ sfiaft fnrlher inform Borrower of the ri~M to reimtate after acceleraliun and the ri~ht to accert in the foreclosure proctedir~ ~ ~he non-exKtence of a default or am~ other defen,r nt Rorrower to acceleration and foreclosum. Ii tfie bre~cfi is not cured on ; or before the date specified in the notice. I.ender at I.ender's option ma~ declare all of Ihe sums ucured b~ thic ti[ortRage to be ~ immediatel~~ due and pa~aMe withoul furlher demand and ma~ foreclose Ihi~ M1tortKa~e b~ judicisl proceedin~;. I,ender shall - be entitled lo collect in such proceedin~ all expensec of foreclosure, incl~~din~, b~t not limited to. reasonable atrorne}~'s fees. ; and costs of documentary e~idence, atxtracts and titte reports. ~ ^ 19. 8ormwer's Ri~hl to Reinstate. ti~t~ith~tanding I en~lcr'+ •r~cclcrat~~m a( the tum~ ucured b}' th~s Mortgage. ~ Horrower shall ha~•e the right t~ have a~~ proceedin~ti tk~~~n h~ Lrnder tc~ cnf~~rc~ this ~inrtgage diticontinued at any t~me ~ ~ 9~a~290 F:,~~ 6~5 - , ~ ~ i; ~ _ _ - Y-- ~ _ - . ' _ .~2 -ti. ~ ~ ~ ; ~~^l zaF'y'°n~. h ~~3 4 -.C,~..ez'r ~ ?'z st.fS' ~..C .a... ~'k~-~'~' ~c-.~~,.`~r~~s~"~"°+f''.:a's. .a