Loading...
HomeMy WebLinkAbout0543 ~ , ~ . . . . • ~ ~il.~il~~ ~~ftll~ll .~~Iiil.liL! ~~I :1~141it~ ~~`~C ~S~`II~~~.~CI ?yi.l~~ }~:1\ IfIC :Illl~~;:~il .~1 .t~~ III~~IIR.I!'~' {:lttlldlt.~ ~1f~1111UI~1S 111 l~l~ , i:i.~„~;i: ~,.~~~itir~l ~~titi~•f ~~.t' ~~t.~~~li ' hc~i•~~1 ~ii~ .i:~i,~.iiit: ~1~•!~ui.i•~i 1 ~•n.lr! ; ui.u.i!it i,, ~'~i, ~~.~i.~:~t.~~~}~ `~~tli intrrr~! t'~rrr~~n •h:~ll h~.'~aitr aJ~liU~~n.~l ,.i~~t'~"l'~~~IC~~ ~{~~fI~~NC: ~~i+~r.~1 h: tfU~ ~~~~fIL',~;~' ~ 11~:~? ~~~'!I.~ ~il .~1!•,) ~~•il~~~~ .SL'IC? 1~~ ~~1~1~'I 1i'fhl~ (~;1\Illl'll~. ?U~fl .i!n~~~n~!• ~ti.Jl Fk• l`.~~ahlr us~~ u~n+ti.r I~~~m 1 rn~i~~ Ir li:,ii,~~~.~ ~r.,~i~~~in_ ~~,;~:nr~~t ;hra.~,,~ .~n~l .h.~ll hr.~r inirr~.1 frum lh~ L~ta• ~d :1i.hur.rmrn~ :~1 th.• r.,tr ~~:i~.~hir In~m limr 1~~ t~ntr ~n .~i:l.t,ui~lirz~ ~~iu'.:i~~.il un~lrr ihr \~~t~ unlr~. ra)'ntCnt of u t_rra :~t .u.h ratr ~.~,~ul~t hr ~.~nir:~i~ t~.:~;~pliiahlc la~~. ~n ~~hi,h ~~rnt .~irh :un~~unh .h:tll hrar inter~ct .~t thr hi~hccl ratc ~~~r„ii,~it~l~ un~lrr .~4~{~li~:~hl.• la~~ '~~~tiiinc :rn~:iinc~l in Ihi, ~,:~r.i~+~~{•h 7~hal) rc~~~iir~ 1 rndrr ~u in.ur am• ~.~xn.c ~r takr :n)' a:tit~n I1C(i'Ufl(~~f. ~ 8. In~pcction. 1 rn~l~r ma~ m.~f.: ~~r.,r.~,~ tu h~ ntad~ rr:~.i+naM~ rntrir. ii~~~n .uid in.{~r:t~~~n. ~,f thr r~,•r.~~.~. r~,,•~,~«~ rh.il 1 rnil~r ~I~all ~i~~ B~~tn~~t~r nr~~:~ ~'ri~~r tc~ :~nc ~uch im~~.li~,~~ ~tkril~~n~ ~~:~~un:?bl~ :.iu.r Ihrrrf.~r irlat~~l l~~ 1 Cnder's !nl~l-~~t Itl (hC ~h~(1~f1~'. . 9. CondemnalH~n. The ~~r.~:rcd. uf .~m a~~.~rd O~ C18im fpr dam:ier;. direc~ ~~r i~~~~~ryu~ntial. in ~~,nnerti~~n ~~ith an}' ,,~n~lrr.~naii~,n ~~r o~hrr takinL uf thr Pr~.~xit~. rr part thcrr.~t. ~•r fi~r ~~~m~~•anrc in liru ~~f :~~ndrmnatiun. arc hcrrM• a~.~encd .~n.l .hall h~ ~~~id t~~ Lcndcr. In thr c~•Cnl c~f a I~+t31 Iakin~ ~•r th~ Pr.,~xnp. thc ~n,rcc~k ~hall Fx a~~1~G~d I~~ IhC ~~im~ .~cund h~• thi. \1i~rtga~c. ~~ith thr r~.~... if an}•. p.~id Rurr,,~vcr In the cvenl ~~f ~{~arti.il t:~{,ing u( thr Pros~ett~•. unlc.. Bc.rn•~cr and i.enJcr .~IherHi~r agree in ~~ri!ing. Iher~ .hall tx ap~lie.1 1:~ the wmc ~ernrr.t h~ thi. \1~~r1_,~ee .n~h ~+r~~r~~rlii~n .~f thr ~x~eedc ~c i~ ~yu:d tt~ that prn~,i~rti~~r ~~hi:h Ih~ :~m~~unt o( Ihc ~~~m. .~:~irrd h~ thi~ \ti~r~ea~, immr.li:i~cl~ E~rirr t.~ thr datc of t.ikinc Fkar~ t~• ~hc f:~ir markrt ~•:~lirc rf thr Pr~~~r~v imnmd~atrl~• rrirr t~ thc ~1:~tc ~~t t:~kin~. ~~i~h th~ halancr i~f th~ pnk~cJc paid n~ Borroµcr. lf the Pmperty i~ :~hand~nr:l h~ Rorm~~er. ~~r if. after n~ai.e f,~• 1 rndrr t~~ R~~rr~n~er tha~ the r~ndemnc•r ~~fferc to make . n ~u:~rd .~r ~eUlc claim t~~r d:inr~~~~. f~~ rn~~vr~ (:~il. tr r~.~?.~ni! t~~ 1 rndrr ~~ithin zfl d:~~~ att~r thr datr ~u:h ni~iicc i~ mailcd. l.~ndcr ic aulh~rirrd tu c~~llrct and apply thr pn•c~rd.. •~t t~nd~i'~ .,~•ti~.n. rithcr tc~ rc~toralii~n ~~r repair of the . Pro~wrl~ i~r t~~ thc ~um, .eiurrd h~ thi. \1„rtcacc ' l'nl~s. 1~z~drr ar.d Burr.~~~cr ~thcn~i~r acrec in ~.~ritin'_, an~ w:h :~prli.ati~~n nf pm:~cdc tr rrin:i~al .ha11 rn•t c~tcnd r:~~t,~nnr tiic ~ur ~Lite .~f th~ m,~nthl~~ i~e.lallm~nt~ ~r(rrr.•~1 'n r.~r:t~ra~~i~. I:~n~l hcrc~~t ~~r ~h:m:t thi :~m~~u!~I ~~f .uch i(I~f:llllll~fll~. - 10. Rorrower :Vot Relea~ed. I~~~rn~icin ~~f thr um~• t.,r ~~:~~ment ~,r m~kiifi~:isi,•n ~~f :im~•rlirati~~n uf tiir ~um. ~ecurad h~~ th~, ~i~~r,_•.~Lr craptcd h} I rnJrr t~~ am~ •u:cr.,ur in intrrr•t uf B~~rr~n~cr .h.~ll nc~t ~•~xratc t~• r~lca~~. in am• mann~r. thr liahitin ~,t Ih~ ~~zizin.~l B~~rrc~~~.~r :~nd R~~rm~~rr'. ~:~::~~..~r. in_ imcrc.t. Lrn~icr .hall ncd Ix rcynirr~l tu ~•rmmcncc 4~n~:r~Jir:_, a~:~in.t ~uch ~uc~~,~:~r ~~r rcfu.c t„ ~~~rn~l timr f~~~ ~+:~~ment ~•r ~~thcn~i.r m~~~lif~• amurli~:uirn ~~f th~ cums ~r, urr.l h~ thi. ~1art~akr h~• rr:~~~,n .•f :~n~ ~lrn±:inc! m:idr h~ thr ~~r.i~r.nal B~~rr,~~~rr .~nd R~~rrc~~~rr'~ ~ti,~r.•~~r. i~i inhrcs~. I1. Forbearance b~~ Lender ~ot a~Yai~~er. :~n~ f~~rhr.~r.u~~.• h~ 1 rnd~~ in c~rrri,in~~ .in~ ri~M ~•r r~m~.h• hrrr~m~lrr. ~r ~ ,~thr!H•i.~ :~fT~~rdr.t M• ar{~li::~hl~ I:?~~•. ~h:~ll n+:t h~ ~c:~i~Lr ~~t ,,r prc~iudc ihr ~~~r,_i.r ~~f :~n~ .urh ri~'tit „r rrin~cl~. -I~hr {~ro~uremcnt af inti~ir.~nc:~ vr th~ E~:~~mri~t ~~f t:~~r. ~~r .~thrr iicn. _h:irRr~ h~ 1 rnd~r .h.?ll nM Fx :i ~t:~i~•cr ~,f 1 cnilcr c rizhl t~~ ac:rl~r:il~ thr m;ituril~ c~f th~ intt~htrdnr.. •c_~~rr~i h, t'+i. \1i~rtf~:i~~~. 12. Rcmedic. Cumul:+ti~~c. :11t rcmc.li« ~,t~,•.ii:~~l ~n thi. ~t~~rt_a_c :~rr ~~i,tin:t .~i~.l ~iimul:?tiv~ t~~ :~m ,~thrr ri~ht ~~r ~~nt~~l~ untlCr thi~ \1c~r!~~a~~r ~+r alT~~rtl~~t i.~~ 1;~~+ ~~r ryuitt .~n~l rn;i~ h~ r~cr;i.i.1 ~~mrurr:ntl~. ind~ptnd~ntl~ .u:~r..i~•~1~. 13. tiucrection and •~c~i~nc Boond: .loinl and tic~rral I.iabilih: ('•rptiom. ~Ihr :~,~~n.mn :~nd aerr~mint. hcrein :,~nta~n~.f ~hal? hin~t. :ir~~+ ~hr ri~~ht. hrr.•und~: ~hali.intire t,•. ;hr rc.~k.ti~r ~rrcc~••~,n .~n~ a:.ign~ ~~f 1 ~nJrr .~n.) R~~rr.,wcr. ,uhj~:t tu Ihc rn~~i.i.~m ~~f {~ar.~gr,~ph 17 h~r~ol. :\!I ..,~~n.~nh :t.u) ;~~rrrnt:~ii~ ;~f Brrr,,urr ,hall }x ~~~.n1 arzd ~c~eral. Ihr ~:~~h~~i~, .~n~! h~~e~li~~_•~ ~~f th~ ~~ara~•ra~fi. ~~f ?hi~ ~t~,rt,.~_r arc f~~r :~~m•~n~~n.~ ~•nh anJ :?rc s~~~t t~~ h. u.cd te? ~•~!i t I~rrt i~r ~1~ftn~ lhr ~~m•. i.i,.n~ he:i~~!. la. ~olice. F~re~~~ f;~r :~n~~ nrlice rryuirrd ~m.irr :~~.{~li~:ihl~ I.t~~ t~~ h:• ii~~r, i:: :~n~~ther roanner. (:ii :im notice t~ f3„rr,~~~rr rru~i.l~.d f~~r u~ ihi, \tr~ti:~~c ~h:Jl hc gi~~n hc n~,•~li;i_ .u~h m~t;c~ M.rri,tic~} nt:+il :i~i~irr~.c~l !u R~~rrc~ucr 1l thr Prr~w•rt~ ~1.Idr~~~ r~ :~I .n.h ~~th~r :~d<~<«~ Rrrrr:+~i ~n.+~ .i_~._~n.~ti• h~ n,~ti.r 1 ~n.!rr a~ rn~~i.la'~I luriin_ anil ~',i :t~?~ ~t~~t~:~ t~~ I rn~i~r ~h.~l! `k• _•!~in F~\ iC~(II1~'~I nti~il. r~•t~irn t,~r~t,( r~yt::~lr.l. ! ~n,1e~ ..idJr~~ti ct.i(«1 hcr~in i~r to .:~:h ~~tF:~r :i~lJ:~•, i~ 1 cn~'.rr t:; :E..i~n:itc M nrt:.r t,, fi~~r~ •.~rr .,c ~.r~+u~lr.l %irrr+r~ \r~ n.Hi:r rr,~~•i~l~.l f.~r in thi~ Zt.~n~~.~e~ ,h:~ll F~ ~criu:,l t~• ha~. hecn _i~rn tu li~,rr.,ti,~r n~ 1 rnd,r ~~ii~n !~i<<n i~. th~ ~:~.~nnrr ~I~.iLn:~t~~i hcrrin. 1~. l~nifurm ~1urt~,:~~!c: (:o~crnine I.a~~: tic~erabilit~. I'~•~ t~•. ne ,~i m~•rt~~:~_~. :rmhi!;_•, nn:f~~rrii ~~+~•cn;vnt. f~~r nati~,nal 'lt Yflc~ !1~~Il~U~!li~`fl~. :.~~iti:til~~~ \\ilfl {Illllll'~! \.:(~.Yi7~•.;1• '1l~I~~! .'1!t~ll !i~ it~i?~1:1~~!t' :1 IIlli~l~~lll ~l'ill~ll\' lil1~(.1I11~111 ll1CC~111Q rr.~t p:~~Exx~t~~. Thi. ~1~~rt,.~s~~ ,h:~ll hc _~~~ccrnr~l 1•~ ihr I.i~+ .,1 thr i~:ri.:li~~n~s~ in ~chi~h th:• Nmprrt~~ I~~.:atcd. In thc ~~rr.t thal :~n~ i~t~~vi,~~~n ~~r c(a~i~r ~~f thi. \1i~rt~:~z~• !h~ '~~,r~• :~~n?li:t, ~tilh :~4•E,ii:.ihli la~~. ••i.h ci~nfliit ~hail nni alTect ~ ~'ifl~" (~l~~~i~~~~f1~ i~l:~ ~~~~fl_':t',i Uf T~li' ~~`ii ~.~ii.i~l ~:i't f~i' :'~~i'1 ~~}i'~! ~~1'EH~;It I~lt il~Il~~liSll!_ f LI~\'1~1~~11. :1(ll~ 1~115 ~ :('l~ (~1C (1~~~\1~I1~11~ c~~ I;,i ~~~~~~~.f,C .lile} llit' ~~~Ti JTi ~~i.~.~il'l~ T~~ F`i_' ~C~"l'f:Ih~C ' ~ 16. Borrowrr'c ('up~. B~~rr.~~~t~ .h.~l: hr f:~; ir.t?r:i .,•n!~,r•:~~ii .~~~n ~~t t~~~ ~~~ti .~n~) rl thi, ~1~~rt~_: Lt :+t ih~ timC ~~t c~~.iitii~n nr .~!;~r !~~.~,•dali~~n h~r~;~f. i 17. '~ran.frr uf thr Prupert~: :~«un?ption I~ ai; .~r :~n•, :~.~r; .,t th~ PrrExrlc ~~r :~n intere,t th~r~in i. „~lc! ~,r lramferred i = t,,, 11i~rrr~<<r ~~ith,,ut 1 rnd~r~~ E~n.~r ~~~rtti•,r ~~~~~.~nt. i~.',i.iui~z !.~i Ih~ ~r~:iti~•i1 r~ !iLn rr cnci~mhra;~:c ~uFx~r.lin:~tc 1~~ ! thi, \1~~rtL.~_•~. lhl thr ~rc:?Ui~n ~~f ~uril~a.i ni~+n.•~ ~i::~rit-, •~,t_;~~t frr !~~~;i,i•h,,i~l .~~~`?i.inii.. 1~1 tran~f~r h~~ dCVisC. g . ~ ~i~.c~nt .,r h~~ ~~rrr:~tir:i u! I:~~~ iip~,n th~ ~ic.~th i~~,~ t t~n:inr .~r ~.i~ tFzr ~'::nu r.? .~m ir:~tirii~~ld interc,t ~~f [Lnr t-~:~r, ~,r lc~s r,~,t :rntainmL :~n ~~rtirn tr ~!~r,has~. ! rn,irr m.«. .,t I r~~~1rr". ,~~•t:,~sf. i1r:l.~rr atl th~ .um~ ~eiu~cd h~ thi~ \1i~rt_•azc M hc s mm~.hatch diir .ind ~a},+hlr. 1 rr.drr .h:~ll h:~~c ~...u~,:i ~u:?~ ,~{•~i~~n .~:.rlrr +t~ if. ~ri~,r I,~ thr .:~Ic ~~r tr,inifcr. Lcnder q .~t«I thr r~•r,~~n «h~+n~ lh~ Pn~~~irt~ i. I~~ hi ~.~!.1 ~~r :n~Ii~r~il rr.i.'h :~_t~rn:irZl in ~~ril!tis~ th:~t th~ creiiii i~f ~uch pcrtion i i. ~c~t~.fa~-t„n tn I rn~i~r .md that thr im~r~.t ~•a~.~'rk ~~n thr -~}m. .«ure.i h~ tl;i. ~1~~rt~a~c ~h:~ll hc at cn~h ra~c as 1-cnder ~ .h.•!! rc~~ur.t. If I emtrr fi.~~ w'ai~~.t thr ~~~~ti~+n ;r :n;rl~r ~t~ pr,~~i.1rJ i:~ thiti ~:,r:~,r,i~h 17. :~nd if B~~rr~,~~er', ~u~ce~s~~r in :n~rre,t ha. e~ecut~J a~~r~tirn a~,umrt~~~n acrrcntcnt a..~{~t~d in ~+riti;i~ h~ t rnJrr. I.~n~tcr .hall rclr.~,c Rrrr~~w~r from all ~ ~~hli!_atiun~ un~trr thi, ~i~~rt~_:~~c and thr ~~•tc_ If I en~irt ~ur~i.r. ~~i:Fi ~~p?irn te~ .~c:~ler.~tr. 1 ~:~.Irr .'.:~li mail Brrm~~rr n~~ti.r i~f a.celerati~~n in airnrdarne ~+ith ~ ;~ar.~Lr:~pit I~ h~rc~,f. ti:~:h n~~Iicr ~h:ill ~~n~v~dr a E~~ria~il •f rn+t I~,~ Ihan 3(1 ~1a~, fn~m thr d'atc thr ncitii~ i; m:iil.d ~+ithin x ~ .~hi•_h B,~rr~~wrr m~~ thc .um~ dciL~rc~1 iti.~ It li,~rc~~•.tirr f.~il. r~, ~:+t .u.h •um. pri~~r t~~ thc r~~+ir.~ti~•n ~~f .urh ~cri~~d. = I.~n~1rr mac. ~~ith~~ut furlh~r n~,ti:< <.r ~i~m:~nil ~~n li~~rn~~~~r. n~~~l.c :in. rrmedirti rxrnntte:l h~~ n~ragraph IS hereof. ? \~~-l'~~tok~t ('o~F ~.+xT~ Bnrrower ~nd Lrnder further r~~~enant :~nd aerce a~ foll~~ws: 18. _~cceleration: Remedie5. F.xcept as pro~ided in parakraph 17 hereof, upon Borrowers breach of am• co~enant or ' aRreement of Borrower in this ~tortRaKe, includinR the co~enants to pa~ when due an~ sums secured by this vlortRaRe. I.ender prior 1o acceleration shall mail_notice to Borrower ac pro~ided in paraKraph 14 hereof specif~in~: (1) the breach; (2) the action ~ required to cure such breach; (3) a date, noi lecs fhan 30 da}ti irom the date the notice is mailed to Borrower, by Khich such ; breach must be cured; and (4) thaf failore to care ~uch breach on or before the date specified in the notice may result in acceleration of the sums secured by thic ~tortRaRe, foreclo.ure b~ judicial pmceedin~; and sale of the Prnperty. The notice shal! further inform Borrawer of the ri~ht to rein~tate after acceleration and the riRht to acsert in the foreclosore proceedin~ the non-exictenc: of a default or an~• other defence af Ror~o~~er to acceleration and foreclowre. If Ihe breach is not cured on ~ or before Ihe date specified in the nolire. Lender at Lenders option ma~ declare all of the sums secured by thic ~tortR~e to be 'j immediatel~• due and pa~able N~ithout further demai~d and ma~~ foreclose this ~tortka~;e b~~ judici~l proceedin~;. l.ender shall ~ be entitled to collect in such proceedin~: all expen~es of forecloture, includin~, but not limited to. reasonable attorne~'s fees. : and cosls of documentary e~idence. abctracis and title report+. ; 19. Borrow~er's RiRht fo Reinstate. ti~~twith~tandine Lcn.lcr': acrcleratu~n i~f the cum. tiecure~l b}- this M~rtgage. i Borrower shall have the right ~c? h.~ve an} prekeedin~~ Ix~on h~ Lrnder to enf~~rce thiti ~1~rtga¢e disrnnti~ued at an}• time ~ s~~K 301 5~3 ~ ~ ~ ~ , - - ~ : _ _ ~ _ i~ ~ _ v~~~ a ~ - - ~ - _ . ~=~n ~ - . . . _ _