HomeMy WebLinkAbout0394 1 , ~r
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in.!.r , .ar ttcr...;:ri~acrst Jprh..thla :J.. H.•rr.•~atr shJl; ~J: Chi am,•a,nt .~f J11 m,~It.1tl In•ur :n.t prrnutim. m the
,tl.aala;! •:d:.`. .::V1tr t'.tra~rJph ' zeR1`1
\:1: ,I:,t•,:r.t;l M I ir.,!t' p.:r.~~.::~t r.,: ,_:.a, h 'h .m:rr,t Ihtrt.•~ ,h.:l! !at~aauTe :,d.1,t,.n:al
usalih•ia!•li.- •t lt.arn••.air ,a•:.:red th:• `.la . ;.a,t t ^!e-• H. rr.•.arr n,! 1 .•n-!cr .,_tYi t.a n:htr firm, •`I pJamtnt- ,u:h
ar:.a`'sr+t, -h.al! !ti p.::Jhl: :s's n •h••Li fr••m t -ralrr ta• H:•rr.•air rr.:.fi~un~• pt.nTi•+t t!,t+t••f Jnal ,h.,ll ttJr intrtt,t loam the
.!aft a~f .1i.hi.r,cmrnt Jt tFt rJtt ~ tr •n: ttn)e to t n1e a'r oc•'s•.tndinp pr•r•:•t .11 under the \ote unla's, ; aymtnt of
t•Ittrt,t .tt ,:1;1'. r ~h• -...nil,! h .aantrrt h• tppL•:ahlt !a.a ,n ah:.h tatm such Jm,a:rac ,hJ'.1 1~ar :nttrtst Jt t11t higha'st rate
ptrm;ccihlt under J~plt.Jhlt I,aK \a•thing :a`ntaineal to thin paragraph 7 .half teyu:rt 1 ender !n sncur and rapesce or take
srra a;ratan 6~rcundtr
S. Itnpectiow. 1 tn,kr r11aa m.tl.e .ar .Jt•,e to he made rr,.aorlahlc entrie, ttr`n Jr+d tml?t;nanc atf the Pnaperty. ptaa~iafed
that I ender ,!+JN gt:t B,~rrrKtr na•t+;t ~.rior to .tm su:h inspt;uon sptclf),ng rrJSa~uahk ;Just thtrtior rtlatrd ta. 1 ender'c
anttrc,t In tF.t Pra•ptrta.
9. ('uttdemwatiow. The praa"ttd, rf ,m aKJrd air :la,m fiat tiamagt,. diraZt or comtqutntiJl. in _annection with Jm
,asnden:natiaan a•r a`lhtr talrnc of iht Proptm..•r part thtre.af. or for :.anvtvJnce in !Itu ,?f :a~ndtmnatia•n- art htrehv assieni'd
Jn,l ~hJll t••t p::d ta• 1 ender.
In the taint of a total t~{,+ne of the Pra.ptrta the pra~tY,fa ,hall he appiie•! ta• the some Ltcrred ha• th+, ~ltartgJs~e.
Kith the ra;t.+ if ana•. pud ta• B.`tr.`Ktr In the event of a partial tJ1.anY ..f tilt Prat+trtc. unlt,c lhrr.`utr Jnd i-ender '
a•thtrui,t a};ra't in Kr.t+ng thine shall ht app!!td to the wms st;urtal ha the, \1a•rrz•1gt ,11:h pra~pagti+yt a~f the.grc.ceedc
sc i, tyuJl to that pr.ap,`rtia•n uh+;h the amaau•1t of the wms ,:;nrtd M the \1••rtgJ_t immrdiatela~tinc?r M the date of
tJlsine htJr, to th; falr marltet sable of the Pr.aptrta •mmrafuttly poor tt. the JJtr of taL.:ne. Kura the haian:t of iht prc~cedc
paid to BaxroKer.
it the °ropem is .?handoneat h: B.•rr..Ker. ,•r if Jftcr notice h. 1 tn.1:r t.` &~rra~atr that thr ;nndemna~r .`fTcn to make
::ll .,K.ua1 .`r sel:le J _laim Err .lJruCt~. B.vra'Ke- fJ~±. :,~paan.! t~` t e-tdtr Kilhm ;it dui. Jft.r the d.:st ,tl;h n.Nict is
mailed. Ltnaltr i, Juthcrind to ~a•1M:t artd app!: the pr.~,a.•dc ar 1 erh!tr•~ tinn tither to rectotation or mp:.ir of the
Pr•,ncrta rr ta• The ,um, ,t:urtd h: Chi, \i+•rtga!'t
l~nlt,, 1 tn,ltr Jnd Ba.rrvurr a`theruF,e JYrtt :aritim• Jn: v:_1+ Jrrl:,.sti.•n a.f pra~;a'tdc to prin:ipal ,hJl! not t>,tcnd -
aar T1a.,tp,ant the dUl' ,!.t1C aaf tilt mc•.'thl\ 1^,iJ!1mC^.1, TtarZ:d t!a !*1 ~ .~raFrJrh, t .rid hereof or :h.ln~•t felt srllnttnt of .
14. Borrower \ot Released. i=artnc,aan of the t:mt faun pJam;^.t or m:dift,Jtir•.: ,•f :amaartvat:aan of the ,ums ct,:urcd
w \1a•r•.t•.t_t tr.,r'tat he LeaJer tr an. ,u;ct,"ar .n inrtre,t .•s B,•rr,.atr .h.:!1 art operate to release. in Jm m.mner.
rha ::Jhsfits aal thr ori••inal B.arrr~-air .end R.'r:,~aer•, sth.a'„a•:, in imtra'st I in.ler ,halt not he reyuirrd ta• ;ommen:e
~r.`itc,fir:, a~J,mt ,tech c:rc;a'c~,ar a.r rtfu,t to e~ter.,1 tlntt for pJSnlent OttltrKi,t m.adih" artlartizatton •af the sums
.a::nred M Chi. Vt`rtYaet M- rea,a`n a•f Jar demand mJdt h. tF•.t .•ria~••lal Ra:rrrKtr anal Ba`rrouerc cu:ct„a•r, ~n intcreu
11_ Forbearance M Lewder \M a ~~~aicer. \na forltarJ~;r t`~ 1 ender in t,ercicin; ana right aar rimtda" hire'tmltr or
••:htrKi,t Jt.ard211 h: appli:Jhk '::r. ,`1.:'! na•t fY J KJt:tr • - •+r `*eii:lic the taer;~,t taf :,r1: w;h right remade
Tit. pfttiil~Crtltnt :.t ln,tlral;e ar the 1'J:n:tnt ~~f tar •^r a+tF;: ta-+? .•r ~h3rgi: ~a !Coder ,hJll not 1~t a.,::ir aaf f tndt.r',
ri_•ht ta• a;:ilir,ttt the maiurin of the rdt1'ttdn_-- ti_::re,1 ha th:, \lartsaee
12. Remedies ('umolative. rtm:.!fi~ r:.`-•dtd ;e lhi, \1ra•_.•£t Jrr .'.iain,t :ed :,Imuiatict to ••'~trr right a`r
-inlt;is .:na!er 't:., \L+: t_r~t . - JtT,•rd:,1 ha i~u , : cau•t:..:-s.l mJ•. i,t t`-cr.:,t.f _a,r.;j:rrrntlc indeptndtnt'. a - , ,.:e;-,lath
13. Snccessora and \taiena Bound: Joint•aad Seseral t.iablih: (•aptione. ~Rlt chatnantc and Jgr~cment, herein
:n•sta:;li,i ,~_!i hir:,l..::+d the ri~ht,'?tr_tarlaitr ~hJ!! ~nuzt t••. trt ra',pt;tta ,+::;r„(a•,Jnai assi~nc of 1 cn,!er .:nd B•~rrouer.
,Uh{t:t tai •i"a`:1, .'t ;.a:J~•rJph 1ltreaaf ~.i ;a~:tseJ::t. J+lal JYrttrlltnte BaK',..aa'r ,hall ht *`t -aCd ~C:tT31
fhe ;.t~ t::'l. aa! hta i r"_• the p3rJStrJt`}3. a~f flab \fa`r1QJYe are f.~.' UN):i C't nlC •`n1l" Jn,l art' tr `t h.: treed t(1
^ieTn(it ,~r alt~lni t/:, (~f a~: hl."`. ~a it.`r r
1~. ~ottce. F\,a't`• fa `I .t:a". :!a~:t Y rtJUlred anal:f Jj`i 1l,. 1.1; IJ'A !h- pit.^~ .r+ ana•thti mT.nner. ta+ .tn\" na~b;e to
Raarr•`•.aer pr•aatd_d for tti:i, \Lart<<aLY shall hr .,stn h: r=.::'i. _ .,,;h r,..,:< h: _i-: ficd m.ti~ :tddrtc~_d .a Ba~rnaaer at
the Pra`, trtt l,f,?rt-. aar .tt ,t::t+ a~:ht.~ :,ldrt~- a, B.•rr.•".+: >:a.:• •,f:- _::.tr, :i,i 1 ••n,1rr ac pr.:ialcal herein). and
' +h~ r•. •t f ! r -h.al F_ v a, n - _-tc,i I =r..ler'. adalresc ct,ti:f harem or to
,t :t. .ari+I a1 Tatl. li •iP i._t: 'i..
::;h .ar. r:t' atl.if2 , .a I i::dtr C7~•. datiik•+'~:t h•. n.`ila' Ta 13.•r' :,ir T+r..:de•1 't~~i t. \n1" naalLt [a' •~ll~•_.l fa)r in thtc
\iVr1~J'_t ch.t!! :4 a1c'Cmiu t.` hs'•e hcYn L;:~Cn Tat Itelrr.aKtr aa" 1 ::t.1cr :a hen L '.Ca i'? the ralJnrer dC,r_•nJttd htreln. •
1~. I'niform \toA2+t'e: Goserniop Law: Seterahililc. ~ = - -r-. m.~r*ca•x . a•mhiaec smiforn: Ln:t'^ art, frt naruna!
:,r..! tr+ii.•"r. ••:th iimi:e' ~r:Jtea c• c,: s •r.-.. _t:.-n t•• .a•-:,r-::•~ a t_n;form ,t;~+r-t: ir.,tr;:mint at~ce:mg
:t:.l r•r:t: l.h+, \for._J_i ,fi_': 1k _ .a•r-,,'al iht .J•, . f• t}~ .;*i-.':_t: . • :a1:i_t? tn: Propene: iaattd. in file
feint th_ai Jm _ .*a•s;c: v~ nr ,at:-t ,`t :hi, •\lo'ttJ_C rf' • _ •c,+'.i,t. ith .:;nT+:i;JMe ia:a. ,t:,h t:onl~+,.t ,hJll rot affect
j ihir Nf •t',. ~fa•~:_JC~ ^c '-a - i'-.- _ .a'# .r_, at'ft.• rh; ;aar,•1,_•int. 1n•:i.1n^. Jnd M tills
_^,1 .:,C I-la•a, .•t tti'i \f a`..:•3*_': +:a;',+ ~.~t_ ``i `:i ;.o ...a
16_ Borruwer's(•opa. B.' _ !"r.`). ._il _ t'Ti ~a•:i `f •ht \fa"tYJi'i Jt the time
.~t eat:::u.m ....r -t.a~rJJti+•. ~+trc.•2.
{ 17. Tramfer of the Pnrperts: \.~umption. 1' - - r.,rt .a`. :i,~ Pr_atlirta an rtt:c-ct :heresn i- -.•la'. .ar trancferrtd
Ba~S.'a':air it L'• :t I-i •:dir~, Qr... '.a'f' ~ _a'3ti"3' _ .ail"' the: ;rC--ti.a rat a 'iC^ a`r tn.ltmhraa:< ,Uh,arallnJtt 1t•
th , \1.art,'.r_r +1i~••~c' .reat:a a `r' ;*,r;'ts.t ;,!.`^i: -r". •-tt:tr-t r ^•••:-th,•:,i J~+r`' .eni:• (it J tramler he dea'tse.
~ •
a!c•,.trtt .ar c,: a`ttirlt:or..~~ !.:.a :+~..•n fh:..J'.s• . t tinJrtt ,`r ~a.a •he grant a~f am !a'Jki:old interest rf trci :tJr, aK Itcc
aunt ;.'ntainsn~ Jn nF tiny r,` ;+.,r;haci I in.'s•- r.?-::...' 1 alit-- .=pt,.~ ,fi.lJri J!i the swim Stinted ht t:^.a \lrrtgagc' to he
rtl^.at: ~J1t!'-~dllt Jr: a1 ^Jt;J1'~C 1 t^dt• -4Jl! `s•_ - .:.•:,11~ _F a'1't:a`^ 3;: elt'.itt !f. ~ na~f to 211E -Jlt ter T: i!rTSfef. 1-fouler
G ,anal the p:•r 't, •ahnm •~t PNpi:t: t- ` sr •-t:a', r~a_h .t,rttrrl-_nt in Krtmg thJt the :relit of such pt;sa~n
t ,Jtl~fa;taara n~ Lt•~.i.r _nd th.t• C1t 1rti•,~r :`.::.F1~ • ~ the .a.m. ,r;:utd M thi. ~lorttagt shad ha' at c:::h rate ac i-ender
~ ,h ,l! reuue,t if 1 enal;r hs• Nsictai Iht a`j•=:'•- ' ` Y~e"e't ;=*••tialtci to this ~erJ_t.+ph 1". and If B.`rR~uet'S ,Uil'i?cOt in
:nterect ha, tatc•~tt.1 J written asssm} :u~rl Jgra'emtat a::e} tcd in Krir:zg ha t fouler. I:tr.akr :hall release &.rrouer from all
tahliiar;`n, t:r~_ier thlc ~/nrtgJOe and the \rt=_ -
if f ender C\tr;l~e, ,l:.h JtlTlnn ft` J; _C!t!.att' I C"gat:` •S`a?I Ba`rrO:atr C,1t:;C' rat a:ct1E'rat11`n In J;: PrdlnCe Klth
parJ_rJph 1-t ht::~,~f Su:h na`ttct ~h_:lt r•r..c:de J ts;:~.•.!; ' n•`t ti,• than zn da:- fr.,m the date the notice is mailed within
.,i"::;h Baara`.atr r:lJ: c~3: tF.e .elms dea_._-e.t .l::i 1= :r pJ•. •t:.h r-n p:.ar t.a the eapir.:nnr. •F ,t::h ptrod.
Leaflet m:,:.:aith:•ut fil:thtr noti:t air aIC^1:t-ad a.-* H.•" ••atr_ a1•.a•ie J"+•. rtmtdia'c ^trmaia: ± ha paragraph IR hereof.
\O~-I~XItOK~t CO~~F~aVTS &~rrowu and 1 ender further a:venant and aYree as folloK•s:
18. Acceleration: Remedies. Except as prodded io paragraph 17 hereof, opow Botrowers breach of ae~ co.ewaot or
agreement of Borrower is this ~1ort~e, iwchtlding the coceaaMa to pad where due awl sstttts secured br this ~tort8a8e• Lender
r riot to acceleration shaft avail notice to Borrower as rosided in 14 hereof ds /11 the brcsch: 121 the adios
required to care such 6reach:13/ a date. not ksc than 30 dais frnm the date the entice is te>aded to Borrower. bs which sttlch
breach metsi be cored: and lit that fadorc to core such breach on a before the date specifed iu the notice lens resuk is
acceleration of the sums secwed b~ this Mortgage, foreclowrc M jtdicial proceedire; need sale of the P'roperh. "ibe teotice
{ shall farther inform Borrower of the right to reinstate after acceltrratiow asd the right to assert io the foreclos>.re N'a~
the tan-existence of a dcfaoh nr awy other defenae of Borrower to atccekratioo need [oreclosure_ if fbe btreach is not cured oe
or before the date specified iu the notice. fawder at /.eetder
s option ttea~ dechre ~ of the sutas secured b~- Chic ~toAgage to be
imtucdiatd} due and pa}abk without farther demand aid tau} foreclose this Mortgage M judicial proceedWg. Lender shay
be euti@ed to collect iw such proceedi~ ~ expett+ses of foe•ecloserr, iwctndiug. hot not Waited to. reasonable attot•ses's fees.
need costs of docuueewtars• esidetsce. abstrxts aid title rcpoets.
19. Borrower's Right to Reiestate. \c.tKithsrandmg Ixndct • Jcaleratu`n of the sums secured by thlc Mortgage.
Borrower shall have the n¢ht to have ans proceedings beano hs Lender to enforce this Mortgage discontsattod at any ume
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