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HomeMy WebLinkAbout0652 I rn.iri'~ ~~nttrn .~crrr~nr~:t .tpE~ln:~hlc I.~~~. li~~rr~~~.~r ~ha(t pa~ !hr am,~u~u c~t .~U nt~~rt~:~~: ie~.ur,~u:r ~~rrn~iuti~, in thr ni.~r.ncr F..,~~u1:~i und~r E~ar.iLr.ipti ' h~n•ut •~m :~ni~+iint~ iii,hurui) b~ 1 rn~1~r ~~utw.u~t t.~ lh~~ ~,ar.~Li.i~~h ~~~~lh tnli•r~'~~ 1herC~~n. Sh:il) h~:~,mr i~i~U~~nal ~ in.irh~r~tnr.~ ,~1 k,~rr.~~~rr ~~:urcil h~ th~. \i~~ni.~zr 1 nlr.. R~~ir~~•,~rr anJ 1~n,?ri ,~irCr 1~~ cHh~:t lr~m. ..I (M • CiiL ~uch .~m~~ut~t..hall tk {~e~ahlr u~~n nuti:r ir~~m I ~n~irr t~~ B, ir,~~~rr rr.~uc~~inL {~.~cnir~~t tt~r~~,~1. anJ .h.tl! hcar inlcrr~t fr~~m thc .1.~i< <•f .li.hurcrmrni at ~hc r,~tc {•.~~:~hl~ (n~m timr ti~ ~~me ~m ~~ut.t.~ndin~ rrin:ip.~l Y~ncicr ihr \i.t~ unl~.. ~a)•mcnt of ;ntcrr.t at cu:h r:~tr ~.~~ul~t FK c~~ntrar~, t~~ :~prli,ahlc la~~•. in ~~hich ~~•cnt ~urh am~~un~: .hal! I.rar intcr~~t at Ifir highc~t ratc ~~rrmic~iMr undrr ap~li~„~h~r la~ ~!~~,thing r~m~ainc~l in Ihi, para~r:~rh ~.hall rryuir~ 1 rndcr to in.ur :~n. ~~~xmc ar takc artion hrr~undcr. S, in+pection. f cneter m:~r m:~l~. ~u ~au.r ~o he maJe maconahlc rntrir. up.,n and imjxrh~~n. ~~f thr Pr.~~knt•, provided th:it 1 rncler ~t~all gi~c f3.~rrowcr not~~~ pri,~r t~~ :,m• surh inyxclion ~prcif~•i~ti~ ~~.~si~naMe ~au.r Ihcr~f~~r rclatrd t~~ 1 ender's ~ntrrr~~ in thu Pro{krh•. 9. (`ondemn•rtian. The ~r.•.ccdc ~,f :ui~ a~+ard or ~laim fo~ .lam~gc.. clirect ~,r c~,+?.eyu~ntial. in <<~nnerti~n H•ith am• :ondemn:itiun ~~r othcr t:ii:inc .~f thc Pro~xrt}•. i•r parl th~res~f. ~~r for ci~nvc~an~c in licu of .ondcmi~:~tiun. :~rr hrr~h~• ;~..icncd and .hall tk naid to t endrr.. ln the e~ent of a tota) takine .~f tht Pn•~xrty. the pmteeilc .hall Fk a~,plied tr ~he .umc c~rured h~• thi. ~t~.riga~e. ~~ith thr r~cc~s. i( am~. ~~.iid tn &~rn•w~~r. tn thc c~•cnt c~f a partial ~.~kine ~~f ~hc Pmrerh. ?inlc.~ Rnrru~~rr :md I.cndcr .+iher~~ic~ a~rre en ~criti~~e. thrre chall he ap~licd t~ thc .um~ ~curc.l h~~ thi. Mnrt~;~gc .i~.h rrotx~rtii,n ~~1 ~hr prckredc ac t~ cyual 1~~ thal pr~~h.~rli~~n ~~hi~h th~ .~m~~unt ~f the cum~ ~~~~~rrd h~ thi. \1~~rte.~~c intmcdi:~trlc ~.ri~~r th~ date of taking txar~ to th~ fair markrt v:di~c of thc Prupcrty immediatrl~ prn•r to thr Jat~ c~( takini. «ith thc hal:+ncc ~f ihc ~rc~.•rc.1t paiJ t~, Bi~rmw•cr. !f thr Properl}~ i~ ahandnned hy Burro~•er, or if. aftrr n~ticc M• 1 ri~drr t~~ Rorn~w•rr that the condemn~~r ~(iert to make :~n aw~ard ~~r .ctth a claim f~~r d:tm:i~L~. B~~rn~w•cr L~il. rr•Fr~nd t~~ 1 cnder ~~ithin Zn da~. :~ttrr thr d:~t~ ~uih m~tirc ie maikd. l.rndcr i~ auth~rirrd to c~llert and ap~l~• the rr~~crcd~, at t ender'< <~~~ti~~n. ~ither tc~ rectoration i~r repair ~f the Prop.•~t~ i~r• t~. ~hc ~um, ,~cur«i h~ thi~ ~ic~rtea~c. Unlrc~ ! cndcr .~nd Ri~rru~~.r c,th~n~i~r agrec in ~~ritinL. am• .u~h ap~li~.~ti~~n rl F~ns~cdc t„ .h.ill n~~t ~~tcnd ~,r ~x~~tp~~n~ lh~ ~u~ ~f.~te .~f the munthh in,tallm~nt; r~f~rr.d I~~ it~ r:iraerarh~ !:~nd herei~l nr ~han~r the :tmuunl c~f ,uch ~mt:?Iltnent~. . 10. Borrow-er Vof Relcatird. F~tcn:n~n c~t the tintr i~~r ~~a~~m.nt ~~r m~~d~fi.:~ti~~n ~+f :im~~rti~ati~~n .~f thc wm~ ~c.•urcd hr ;h„ ~1+~rt~:ii~ ~~a,ntcd ht• Lrn~l~r t~~ :un• .u~,c:..,r in~ intrre.t ~•f Rnrr~~w'cr .h:~ll ni~t +~i.cratr t~~. relca~r. in ~m ,manncr. thc lr.~hilitc r' thr i~riLin:~l R~~rm~~er ,~nd B~~rr.~wcr'~ eu,rr...~r. in im~r~~t L~nder chali n~~t -he reyuirrei tr r~,mnien~Y E•r.~:~r.lint~ ae:~imt wrh ~t~c~c~~~,r ~ir ref~~.r ti, i~t~mt ~imc f~~r pa~m~nt c~r Mhcrui.c m~~.lih amorlitati~~n ~~f thr snnu - .r:ur~J hc thi. '.11c~rtca~r h~ r~:+~<<ri r1 .~nti d~manc) mail~ h~ th~ ~~ri,_i~~al Rarn~~~rr :~nd B~~rr~,~v~r'c ~ticc.,.~~n in intcre~t. I1. Forbcarance b}~ Lender \~?t a R'ai~cr. ~\n. f~•rh~:~r::n~: h~ 1 rndrr in c~cr~i~in_~ :i~e~ right ~.r remrdr hrr~nn~lrr. i~r ~,thrrwi~~ afT.~r~ed hc a~plicahie la~~. .h:~A n,~t Ix a~~ai~rr ~,t „r pre~lud~ Ifi~ r~erci~e ~d ;~m~ .uch ri~ht ~,r remcd~. Thr rn.~iucment , f in,uranr< <•r thc {~:+~•mcnt ~~f t:~~c, ~~r ~~thrr li~r:. ur ih:irgc~ hr l.ctid~r .h:~ll not Fx a~~:~i~~r ~~f 1 cn~lcr~c rieht tr ac~clrr,ite thr matelret~ of Ihc in~l~htrdnr,; ~c;urt•tI h~ iFli~ ~1~~rtia,~~. 12. Remrdiec ('umulati~•e. Afl rcmr~lir. E,r~,~idrd in thi, \t~~rtgaee are .ti,~inct :in~i cumiil~ti~~e t~, :~m ~~shi~ rieht ~~r rrmr~i~ ~~r.drr thi~ ~irrt~;iLr ~~r afT~•rd~.l h~• law i,r cyuit~. :~n~i m:+~ tk ~~erri,r~l crnrurrenth. indc~ndentt~ ~~r ui~.e~ci~•rh. li. Succeccors and :lttiiknc Bound: Joinl and Se~eral I.iahilih; ('~pteoen. Thr r«~rnants and ag~~rmcnh h.rein c:~~~ua~nr~f ~hall hin.l. ~nd thr riehl. her~un:lcr ~iiall inurc i;~_ th~ rr~i•,~ti~~ su~r~,.vr. and a~,igm ~~f 1 cn~lrr and R~~rn•~~cr. .uhjrct t~~ thc ~+r~~~i.i~~m ~~f paraRraph 17 hcrcof. :u~r~~.~nt. :u~J :~grrrmcnt. ~~f R~rrv~crr sh::ll Ix j~~i~it and .r~cr:~i. Il~r ~aptirn, :~;i~l h~a~lin~~. rf Ihc p:+~acraph. ~,f thi. ~1~~rtg:~~r arr f~~r c~~m•rni~nrc ~~ni~• :in~l :~r~ rteu t<~ hc ~~~rd to ~~n~rrr~t ~,r tiefinc thr ~rr~~i~irn~ herc~~f. 1J. ~Mice. E~rent f~~r am' notire reyuired un.l~r a~tilicahic la~~ t~• bc gi~en in an.,ther manner. (al :tim- notirc to ~ K:ur.~~c~r pn,~~idcd for in thi~ ~1~rtga!_c shall hr ei~'r~ hc m:;ilinL ~u:h n~~Uic hc r~rt:ficd mail :iddre«cd t~. Ri~rr~.~~er at I the Pm{krt~ :~~Idr~,. ~,r at ~urh ~~ther addre,. as Rrrrrwer m:~~ ~Ir.ien.~tr h~~ n~,tiir t~~ l,~r~.ler ac {~r~n•i~lyd hrr~in. and ~ Ihl :~n~ n,~ti;~ ~i~ t.rn.i~r .hal1 Fx ~~~~cn h~ ccrti~i.l rttai! n~turn rr.r~nt rcuur~t~.l. tr 1 cn~fcr'~ ad:lrc~e st:it~d hcrcin ~~r to , ' .u.h :~~hcr a~dr~„ :i~ I~nJrr ms~ dreicn:?tc h~ ~:~~ti;~ t~~ Brrrn~~rr :i~ E~r~~~i~~~l hr~r;n. ~~n~ n~~li~e pr.~vi~Sr.l t~,r in ihiti 'i ~1~~rt~:~t;~ tih.~ll Fk ~cctn~~ t.~ h.i~~ b~rn ea<<n ti~ I3nrm~~~r 1 rn~cr ~~hrn eitin in Ihc mann~r de~iLnatcd hcrcin. 1=. l~nifurm ~1~~NKa~e: Go~~ernink I.aN; Se~erabilil~. ~T tii. (r~m ,•i m~~rt~~;i~_i _~~mhin~ti t~nif~~rm cc»~en:~i~t, f~•r na~i~~n:til - utic an.i nrta-unif~~cm r.~crn:~nf. uith lintitril ~aristu,n~ h1 ~~ni~ii~rti~•n :rstistuutr a unifc~rnt .~ci~rit~• in~tr~uncnl c~~~enng r~a! pr~~~xn~•.. ~Th~. ~1iul!~.~zt ~hal! hc ~~in'crntd hv Sh~ la~+ ~~f th~ iuri..fi~t;~~rt +n tchiih lhc Pn,pcrtr i. likatcd In the , ~~•~nt rhat at~~- nr~~vist~~n i~r cla~~.r af thi. ~ii~rtea~sr r~ Ihr \,,r~ ~~~~:Ili:~. ~~ith apt~fi~ahk f:~~~. ~nih ~onliirt .hall ni~t ;~ffcct ~,thcr nr~~~~.i~~m ~~f thi. \t~,rte:+~r ~•r thr \„t~ ~~hi:h :an h~~ _i~rn rtlr:t «i~h~~ut the rc,rtfli:tin_• ~r~~i~i~~n. an.1 t~ Ihis ~nil tftC {~n+~t~i~m~ ~~t thc V~~ft,:iee :~n.l t1;~ \,+~c• _~-r ~Ir.l:,r~'d 1~~ hr ~~'vcr:~hlC. 16. Borrower's ('up~. Borr~~~~cr .h:+l1 h~ ti~rn~.hr~l ~,~nf~vmrd ~~~t th~ \i,t~ .~nJ thi: \i~,rt~~.~~,c at the time .~t e~ecuti~~n nr aftcr rr..~rJatiun here.•f. 17. Transfer ~?f thc {'roperty: :1~cumption_ (i :~i+ ~~r :u~~ r.irt uf the Pr~~~xrtr <.r an interr.t th~rcin i~ ,~~ld ~~r tran~ferred h~ Bc~rru~ti~r «ith~~ut Lcndrr'~ pr.~~r urittr» ~,~n.~i:t. r~ciuJinL ~.i~ thc rn:~ti~~~i ~,i lirn nr encumhran~r suh.ir.iinatc to [hi. ~1;~rt<_:~Lr. 1ht th~ crrati~~a ~~f ~,ur~ti.~~r ntrn~~ .c;~~rin int~r~~st f~,r h~•u~ehulJ appli.ini~e. t~l tr.uttfrr h~' de~'ise. .1e~.en[ h~ i~pcr.~Ii~~n ~~f la~~ :~p~~n thr ~Ir:~th ~~1 i,~int t~n:uit ~~r i~1~ thr zrant i•f anc Ic~srh~~ld interest ~•f thrrc trar~ c~r le« n.?t :c~nt;~inin~ an c,~,tion t~~ {~urcha~~. t rmtcr ma~. at I cncirr'~ ~~~.t;~,n. d~~f.~rr all thr ~um. ~crurcd h~~ this ~t~~ritiaec to tk ;mmc:ii:~t~t~ dtie :+nd pa~ahlr. I rnder ~ha11 ha~r .c:,;.rd •i,~h ~•ptic~n t~~ arrrler.itr if, prirr ti~ the ~ale c,r transfer_ 1 cnder an.i thc ~xr~rn t~~ ~~•hi~m ihc Pn~rcitc i, t~~ hc ,~~I,t rr tr:~n~ttrr<<t r~.~~h ,~krr~•mrnt in ~..riting that thc crc.iit ~f tiu~h Fx:ra~n ~c s~titifart~~n t~. I.en.i~r :~nd th:~t thr intrr~.t ~~a~,th~e :~n th~ .um. .r~eired h~ tt~i. ~1~~rt~:~ee chali ~e at si~rh rate a~ I.ender shall reyuc,t. (f 1 ender hat w'ai~•e~i the r~tirn t~~ ;~r;~lc-.~tr ~rrn•iilecl itt ihi? r.er.:t'n~~h 17._ ant! if B~~rmw~er's wccestor in intrrest ha. executeci a~~ritten assumr~inn :1Lil'1I11C111 accr{~trd in ..ritin~, h~- I.en.ler. trn~er ~hall releaae Aorroti~er fmm all - ubli~ation~ under this At~rteacc arsd thc ~~~IC. _ If (.ender c~er~i~c. wch .~Pti~~n t~• ac.clrr.~re. 1 cn.l~r .hall mail Bc~rn~~~er ni~tice ~f a~rcleraticm in acrn~dance with paragra~(i {J heree~f. Surh n~~tice ~h:~li ~rucidr rrrire! ~~f ~t~a le~. th;er~ 31l .la~~. frnm the date the notice is mailed within ~hich Q~~rm~~er mac the ~um~ Jerlarr.l dur. It Brn.~~,rr fa~l. t~~ puc tinrh ,iim~ pri~,r tn the e~piratinn ~~f ,urh reriud. I cn.lcr ma~~. ~~ith~~ut furthrr n~~ticc ~•r ~icm:u~d ~~n {inrr~~~~rr. ~nc~~{,c am rrmcdics permittcd h~• ~,aragraph IR hcrcof. Nov-Uv~toR~~ Co~'Fx.~ti7s. Anrrower and I ender furthrr c~~~~enant and aerce as f411ows: 18. Acceleralion; Remedies. Fxcept as pro~ided in,paraRraph 17 hereof, upon-Borrowe~s breach of am co~•enant or aRreement of Borrow~er in this ~iort~a~e, includin~ the co~enanfc to pa~~ when due an}~ sums secured by this 1toriRage. I.ender - prior to acceleration shall mail notice to Borrower ac pro~~ided in para~raph 14 hereof specifSing: (1) the breach: (2) the action required fo cure such breach; (3) ~ date. not lesc than 30 da~:c from the date the notice is mailed to Borrower, by vrhich such breach mast be cured; 9nd (4) fhat failure to cure such breach on or before the date speci8ed in the notice ma} result in aeceleration of t6e sums secured bv Ihis ~tortRaRe, foreclosure bi~ jodicial proceedin~ and sale of the Proprrfy. The notict shaU furthtr inform Borrow~er of the ri~;ht to reinstate after accelerrtion and the right to assert io the foreclosurc proccedirq~ the non-existenre of a defautt or anv other defense of Borrow•er to acceleration and foreclosure. If the breach is not cured on - or before the date specified in the notice, I.ender al l.ender's option may declare all of the sums secured by this MortgaRe to be ~ immediatdy due and payable wifhout further demand and ma~~ foreclose thic liortRa~e by judicial proceedin~. Lender shall be entiUed to collect in such proceedin~; all expenses of foreclosurc, inciudin~, but not limited to, reasonable attorney's fees. and costs of documentarv evidence. abstracts and titk reparts. )9. Borrower's Right to Reinstate. Not~cithslanding I.enJer c acceleration of the sums secured bp th~s Mortgage. Borrower shalt have the right to have am• proceedings tx:gun by 1_ender to enforce this ~tortgage discontinued at any time . . R ` ~~~~,~94 ~ ~ 5z - Y _ - m~ ~s,~^~"+s'~ ._+u."`~t1~v'~ Y 'n.~'~s~ v- . . , ..n.e.