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HomeMy WebLinkAbout25561 rn~lri'. ~~nllrn .~~;rrrnlrnl ur .q.~,lt.ahlr I.~~ Ii~~r~uHtr ,h.~ll p.~~ Ihr .uu~~unl ~~t .~II m~~il~a~r in.w.~n.r pirmium. in Ihc ni.~nnrr r~~~~~~lr.l uii~lrr par,is;r.~ph _' hrrrul ~~~~~ .~m~~i~nt. ~ii.huiu~l h~ I rn~lrr pui.u:~n~ t~~ thi~ {~ar.,;;r.~~.h '~~~ih :oirrr.t thrrr„n .h.~ll hr~~~i~ir .~dJ~~u~n:~l I11~~~'F~'l'l~11C~• ~~~ ~{~a~~+ti~rr ~~ivirr~l h~' Ihi~ ~~~~fll'.I~l' ~~tl~l'~~ ~~i~/f~~\\~1 .~h~~ ~ t'lli~t't .11'1~'i' I~~ tH~l~'1 ICflll• u~ ~t:l\'lllt'lll. ~lKfl .un~~uiii. .ti.~ii iti~ ~~.~~aMr u~i~~u ni~~i,r ii~~tn i r~itli•i i~~ H~yr~,~~rt rr.~tir.tinc {~.~~in~•nf Iiirir~~~ :itui .i~.~ii i~~•.u intrri•~t irum ~iir ,I.~fa' i~l i~l~hut~~'Ol~'t~l al t~i~ C~li' ~~.~~ehl~' tn~ill (iflli ~~~ (~nl~' ~~n ~~t~I~t.~ndinc ~~r~ni;j~:~) ultt~~f tFl~' \~H~ IIn~C.ti ~~:~~•mcnt O~ ir,trrr.t .~1 ~it~h r.~tr ~~~,ul~l h~• i~,ntr,-r~ n~ .~~.F,I~.ahl. I.n~ ~n ~~lu:h ~'crnt ~~rih :un~~nn1. ~Fiell F+~~ar ~ntcrr~t .~t tter hit!hr~f ratr ~krmic~ihlr umlrr .~{~~~I~.:~hl~ L~~~ \.~thin~ ti~~nl.~ineJ m ~lu~ ~~.~r.~~ra~~h 7,h:~ll rryuirr I rndrr tu inrur :u-~~ r~~xmc ~~r Iak~ .u~v artion hrrcunJcr. K. Incpcction. I t'IIi~C~ Ill:il fll.i~.t' ~~f ~.Ui~l' 1~~ hl' Illd~~t' fl':1~t~I1:1h~C l`Mflt~ 111~~~11 .Illl) IM~k:liiHl< id I~lt ~~f~~I~a•fl~'. pl~~\'i~~l`~~ ~h.~1 I rnilcr .h.~ll ~i~r B,~nu~+rr rn,t~:r ~~ri~~r t~~ :uit ~u:h n-.Exctwn .~ki~l~ui~ rr.~,~~nahlr ~au.r ~hcr.•(~,r ieL~~rd 1~~ I cndrr'~ ~ntri~,t in Ihc Pr~~rcil~. Q. ~'n~td~mn:1~lOR. ~h~• ~~r.y.,'!'L~~. •~( dl~f\' :5~~:lit~ t. •,'I•t.n~ f~.. ~1,:2t22:t~t:. :~lr•_•C! t`f :t~tl~l'l~tlitl~l:l~. !(1 ~~~I~fll:!la~71 :\i~fl :1fl1' .~~n~lcmna~i~~n ~~r uthrr ia{.in~ ~~f ~hi Pr.~~.rrty. ~,r part thrrc~~f. ~~r fur cun~r~~.~n:c in hru ~~t <<,niirmn:~tiun. :~n• h~rrh~~ ,~~~i~nrd .~n~l .h;~ll hc raid ~~~ 1 ~ndrr. In ~hr r~ent ~~f :~ t~~t:-I ta{.int ~,( ~hc Pr.,prr~~. thc ~~~~~rr~k ~h:~ll Fk• .~~~~.lic.l t.~ thr .um. .r:nrrd h~• thi. \1~~rte.~c.~- ~~itt~ Ihr ~~rr.~. if .~n~. ~..ii~l t~, 13nrn~~~rr In Ih~ c~•rn1 ~~f :~ p:irti:il t.~lmc .~f thr Pr.,~xrt~. iinlc.~ R~,rr~~•.~~r :ind 1 cndrr ~~thrn~i.r :~~;r~r in ~~rihnt~. ~hrrr ~h:~ll F-~ applii~l t~, th~ .um: .ri~~rc~l h~ thi. \t„rt_.i,r ~u:h E~ru~,,rti„n ~•( th~ ~~nnccd~ .~c i~ iyu.~t t~. Ih:~t ~r~~~~~rti~~ii ~~hi~h Ihr :~m~~unt ~~f thr ~um. .~•:~iriJ h~ thi. ~I~~fIL.IL`l' immr~fi:~trh ~•r~~~r t~, chr datc i~f ~.+kin~; F-~:u~ to th~ (air m:ukrt ~alur ~~f ~hr Pr~~prrt~ +mmr~li:~trl~ rn~~r t~+ Ihr J:itc ~~f t.~{.inL. ~~ith thr h.il.mir ~~i Ihr pr~k•~c~t~ ~~:~id t„ B~rrc~~~~cr. ' It Ihr PmE+ctt~• i..ih:~nd~.niJ h~ Rrrr~.~~rr. ~,r if :~flcr nc~tirc h~ 1 rndrr t~• R,~rn~~~rr ti~:is ~hr ~„n,l~mn~~r ~•fTrrc f~• makc .in :~~~.~rd ~~r .rillr a iL•~im f~~r ~Lini.iLr.. B~~rr~w~ti+r f:~~;. t„ r.•.~.~n~t t~~ 1 rn~lrr ~~ith~n ;1~ it:i~. :~itrr thr J.~rr •ii:h m~ti~r i~ m.ul~d l.in~i~r i+ :~utht~ri~~d ti~ c~~ll~~t a~td a~~•l~• ihr p~~s'«d~. :~t 1~ntl~r'~ ~~~~ti~,n. rithrr It~ rC~l~~r:iti~~n ~~r r~~~:~ir ~~~ thC Pm~•n1 ~•r t~~ thr ~um~ ~r:ured h~ Ihi~ \1~rtiaec l`nlr~. 1 cn~lrr :ind Rnrru~~rr i~lhrn~•i.r a~rrc in ~~ritinc• :in~ .u.h a~~~~ti.at~~~n ~•f ~~ns~red~ t~~ rriti.i{~.~1 .h.dl m~t «I~ntl ,•r Fx.,t~x~n~ Ihr dur ~I:~tr ~~f th~ nt~~mhh- i~~~G~llo~:n1. rrfrrrrd ti~ in ~,.~raer.~~~h, 1:u~d ' hcrc~~f ~~r ch:ingr thr :~m„unt ~~f ,uch m,taltmentc. 10. RormN~cr \ot Rcleaced. l~~trnaim ~~f thr iimr f~~r ~;~~mrnt ~~r m~~difiiaiirn ~,f .im~~~ti~atinn ~~f thc ~~~m~ «<urrd hy thi. \1~•ttt:i~~ ~rantril h~ I rnJrr t~~ a~n• ~u~ec,~.~r in intrrc.t ~,f R~~rrin~ci ,h.~ll n~~t ~.rrr.~tr t~• rrli•a.r in :~m• m:uincr. thr li:~i,ili~} ~,f th~ ~~rigin.il R~~ni.~~rr anJ R~~rn,urr'. .u:~r,.~,r~ in in~rrc.~. I rn~lcr ~h:~ll n~•t F.c rru~~irr~l ~~. c~•mmcnic ~~r~~c~iJin,•~ .~i.un~t ~uc~ ~ui~r~~i~r ~a rcfu.r h~ r~trn~l tnn~ (<<r pa~•ntrnt ~,r ~~Ihcn~i.r nuuli(~~ :~nt~,~tiriti~m ~~t Ihr cum~ .r,urcil h~• Ihi. ~i,.n~agc h~ rra~~~n ~~f ,~nc dcm:~ml madr 1.~ th~ ~•rizin:-) B~•rn,~~rr .~nd R~•rr.•~+rr'~ ~i~,rr..,,r, in inlrrc~t. 11. Forbearance b~• I.e~der \ot a~~'~i~er. ~\m I~~rh~arai~c~• h~ 1~•nder in r~rrci~ine .~n~ ri~•ht ~~r r~mr~i~ h~rr~m~lrr. ~~r ,,thtrwi.r ~:1TurJc~1 h~• aPpli~:iMr I:~ti~~. ~hall n~~t tk .~ ~c:~i~~•r i~t ~~r prc:ludr Iht r~~rci.r ~~f .~n~ w~h rieht ~~r rrm~d~~ fhr ~rt~curcmcnt ~f imura~err ~~r Ihr ~~:i~•mrn- u( t:i~r. ~,r ~+th~n c~n. ur ~ har~~•. h~ I cn~lrr .h:~ll ni~t h~ .~ :,.,~~rr ~,f I cn.icr'~ riLht n~ ac:~l~rat~ thc roalufih ~~~ Ih~ in~I~hiC(IhC~~ ~i•_~~rr~l f~~ fhi. \~url~;~i~` . 12. Rcmrdiec ('umulati~~c. All rcmr<.!,c• ~r~~~ulr~l ~n ~hi. \1~~rt~,:~ec arr ~ii,tinit :~n~l ~umnlati~r tn .uz~ rshrr richt r.~ rrnuJ) ~in~rr thi. ~1~.n~:.ig~ ur afi~,rJr~( h~ IaN ~~r ~yurHa .~n~t m.~~ 1x ~•~r~~i.r.1 ,,~nrurrcnll~~. inJcprndrnil~ ~~• ~~i.:~~.,ic~1~ li. Succe~~or~ rnd A+tiiKm Buund: Joint and Se~eral I.iabilih: ('aplion+. ~Ihr ~~n~nanh :ind .~Lt.•rinrnl~ hrrrin ,unt:unrJ ~h:ill f~in~l. .~nd ~hr rizhh hcr~undrr ~h:~ll iniur h~. ~h~ r~.E~.;~1~~c ~u~:c,,,~r, :in.l .~..iLn. ~~f 1 rn,t~i .~nJ 13,,rn,t~cr. ,~~hjrrt t~• th~ rrl~~}~i~~R~ rf ^:its_r.~ph !? herr~~f. \!I i~~:rnent. .ui~! .~~•cc•rmrm. ~~f H~,rr~~~~rr ~h:~l) h~ i•~~nr .~n~l ~r~.rnl. fhe captwn. .u~~l hr:nlmc. ~,f thr ~~ar.~cr.~~h. ~~f thi. ~1~~rt_.~er :+rr f~~r i~~m-~ni~n:r ~~nl~~ .rn~f :~r~ n,~t t~~ t•~ i;.cd tc~ ;nt~rF~rrt ~•r definr th~ {•n.~~.i~~n~ hrre~~(. 14. ~olicc. F~:r{~t f~~r am• n~~l~rr rryuirrd un.lrr .~E.~.iir.ihlr Ln~ t,, hr !~i~rn ~n :in,~thrr mannrr. ~.u .im• nutice t~~ Ru~ru~crr ~~r~,~idrJ (~,~ in thi~ ~lur!La_•c ~h:~ll F.~ ~i~rn h~ m.~ilin~_ .u.h n~~tir~ M:rrtcfird m:~i! .iddrr~.~~~1 t~~ R~,rn~~~rr at th~ Pn~F.~rn :\Jclrr.. „r .~t .iich ~.thrr addrr.. :,, f3,~rr~~~~r~ i~i.~~ ~ir.~in.irr hti n,~ti.~ t~~ I rmlrr ;iti rr„~i~lyd hrrrin. :~n~l ~hi an~ n~,lirr t~, I rn~lrr ,h.ill Fx zi~cn h~ ~~r~ilir.l m.~:l. rctu-•~ irir~{~t +ryur.tr~}. t,• I rn~irr'~ :ulJrr.. :t:~-r~l t~rrrin nr ic- •i~ch ~~thrr :iddrr~. .~~ I rn~lrr m.i~ Jr~ien:~tr h~ n~~ti:r t~~ B.~rn,~~r~ .~. t•~~:~.~~ir~l hrrr~n \~i~ m~ti.r ~~r,~~iilr~t }.,r in thi~ ~1.~rtLae~ ,h.~il tk Jrrmrd t~~ hacr h~rn ci~rn t~~ Itrrn~~~rr ,~r 1 rndrr ~.~hrn !•~~rn in thr m:mn~r dr.iinatc~! hircin. I5. l'nifurm ~torlKay~c: Govcrnin~ (.a~: Sr~erahilih. f h~, t~~•rn .,t m,,rt,•:~~_.~ ._rmhin~•~ un~f~,rm .~~c~nent. f~~r n.~ti;~nal ~~i :~nil tl~~ie-wlif~~~nl :~r~~n,~tt!. L~ith lit:lilr.i ~.~ri.ih.~n. h~ ~un..l;.ti~~n t~• .~~m!;t!ifr a uiut~~rr)t ~~:ufil~' im~rntn~nl ~~~c~flflL• rc:~l pr,qkrn. "~h~. ~i.,rt!~:~t~ ~h.~ll Fk c~nirn~d t~~ thr I.~~< <•: th~ ~~:n.,ii:n„n ~n ~.~hi~h thr Pr~,Ehrt~ i. I~~,.~trd In thc _~~~m th.~t .~n~ ~ru~~i~~~~n ~~r rlan.~ ~~t thi. ~1:~rt~_,i_r ,~r thc \.,t~• .~~nfli:t. •,~i~h .~~~E~li:.ihir I:n~. ,i~ch ~~,nHi~t .h.Jt n~~t alTeit ,~thrr ~~n~~i,i„m ~~( thi. \1.,rtc.~Lr ur !hr \~•t.. ..~I~~,h ,.~n hr ~~~rr. r11r.I •..i~h~~ut tfi~ ~~~ntlt:tin!, ~+r~~+i.i~~n. .~nJ f~~ lhis Cn~~ ~fll' (11~~~~~~I~~Iri ~rf tf1C ~~t~(fL:!_L'C :~Iti( tll~ \i~1~' .~[i ~li~~.lil'l~ I~• I•C ~Ctl'feh~i- 16. Borrm~er's i'op~. Bt~rr~,~~~~ .h.~ii hr ?~irn~.h~•~i .~ .,~ut,~t~nrJ .~y~~. .~{ thr \~+Ir .~n~i ~•~ thi. ~t~~rt~~e~~c :N thc timc ,,( c~r.utii~n ~~r :~ttrr rr:~~rJati~.n h~r~u(. - . 17. Transfer of thc Prope[t}: :~~~u~uptiun. It .i!I ~~r :~~,~ ~~.~•t ~•t th; I'r,,Fkr~~ .,r .~n mtcrc,t thrrrin i, .,,Id ~~r tramfcrrr~l h~ l3i~rr~~wrr ~~nh~~ut I rndrr'. pn~~r ~+rittrn ~,•n.rnt. ~_~.tuJin~ ~.~~ thr rrr.~~i~~n ~.f .~ G~n ~~r cn~nmhr:~:i:r ~eih~~r~imat~ t~~ thi. ~1.~r1~.l~_r. iM thr ~reatiun ~~f .i ~ur:h.~.c in;~nr~ .r~uriti mtrri•,t f~~r hru.rh.~1J an~~li.~nc«. Ic~ .~ tran,[cr h~~ dt~~isc. .1r.~rm ~~r h~- ~~~~~rati~~n uf Ln~ up~u2 ihr ~ir:~th rt n i.,ni1 tri:.int ~~r i~f~ thr Liant .~f :~m Ice~rh~~lt1 intrre~t ~~: thrr< <e:~r, iir Ie« n~~t c~•~it:~ininL :m ~~ptiui~ t„ ~.nrrh:~c~. I rn~!,r in.~~. .,r I rr~~irr'. .~~.t~,~s~. ~Ir.L~rr :ill th~ .um, .c.ur~d M this \1~~rt~aLC t„ he nunr.tr,~trl~ c;i~c and ~~a~:~hlr 1 rnJcr ,f:.~ll h:nr ~..,:~~~1 .~i.fi ~~E,ti~~n r,~ :~i~rltr.~~~ it. ~rinr t~• thr .alr +,r trander. I en~ler ~n~t thr ~xrtirn t~~ t~h~,m thr P~rj~rrtc i, t,_, t~~ .~~I:1 ,~r tr.~n.trrrrJ rc:~~h .~~~r~rmrnt in ~+nhn~ sh.~t tf~r cr~~iit rf .uch ~xr.c•n ~~ cati.farn,r~ t~~ 1 rn~irr .~nd th:~r thr intrrr,o ~a~.~htr ~m rhr .~nn. ~~:iirrd h~ thi. ~lunca~r ~fiall hc at ~nch ratc a~ Lcndcr ,h.~ll rc.~u~~t. If 1 cnJcr ha. ~+ai~r.l thr rrti,,n t~~ :~~«~I~r.,t~ ~.m~i~frJ ~n thi~ ~.~r:~_r,~ph 17. :-n~l if B~~rr~,~rr~. tiuc~etisi,r in :ntrre,t ha. r~ecutrJ a~+r,ttrn a~~innr~~nn .icrcrmrnt a.:rrtrd ir. uriunc hc I en:irr. ( rn.ter ~ha11 rele:i.e R~~rmwer from all ~~hligat~~m. un~lrr thi~ ~i~,rte.~er and th~ ~~~Ir. If I cndcr ~~crci.r. .nch ~~rtu~+t t~~ :~~:rl~r.itr. I~•n~1rr .h.~l! m.~il Rrrrn~+cr n„ticc ~~f :iccrlcrati~~n in :t:r~~rd:mrc ~-ith ,~are~rarh 1-3 hcr«~f Such ~iuUCC .h.ill ~~n~~•i~lr .~ ~~~n~+J ~~1 n~~t t~~~ th~n i(1 ~la~. fr~~m thc datc [hc rn~ticc i~ mailcd w•ilhin .~hirh Rnrn~~~cr ma~ ~,:i~ Ihc ti~m~. dc~Lirc~l d~~r It k~•rr~~~.~rr t.iiE. rn ~~;~~. .~~~h c~rm. prinr tr thc r~~ir:~ti~~n ~~f ~uch ~xn~~d. 1 rn~trr mac. ~~ith~~ut turthrr notirr ~,r ~I~mand ~~n H~,rr,~~.~rr. ~~,•.,+l.r :~~~~ rrmcdir~ {•~rmrtsc.t M• ~.;-r.~eraph IK hrrr~•f. 1iOti-(~NIF(!NU C~l)~'F\~\Tti Bormwrr .~nd I cn~ier turthcr cc~~•cnant and.a~r~r a~ folluv-•ti: 18. Acceleration; Remedies. E~cept as prn~ided in paraRraph 17 hereof, upon Borrower'c breach of ~n~• co~•en~nt or a~reement of Borrower in this ~tort~;a~;r, includin~ Ihe co~enanfs to pa} when due am- sums secured b}• this :Norl~s~e. I.ender prior lo acceleralion shall mail notice ro Borrower a~ pro~ided in paraRraph ia hereof specif~•inR: (1) the breach: 121 the aNion required to cure such breach: (3) a date, not less than 30 da~s from the date Ihe notice is mailed to Borrowe~. by which such breach must be cured: and 14) that failure to cure such breach on or before Ihe date specified in the notice may result in acceleration of the sums secured b}~ thic ~1ort~a~;e. foreclocure b~~ judicial proceedin~ and sale of the Property. '[he notice shall further inform Borrower of the ri~;ht to rcinctate after acceleration and the riRht to zs.cert in the foreclosure proceedin~ the non-existence of ~ default o~ anr other detente of Borrow~er to acceleration and foreclosure. If Ihe breach is not cured on or before Ihe date speci6ed in the notice. Ixnder at I.ender's option may declarc all of the ~ums securea 6y ihis iforfRa~e to 6e immedlateiy due and pa~~able wilhout furiher dem~nd and ma~~ forecloce this ~1ort~a~;e by judicial proceedinR. Lender shall be entitled lo co11eM in such proreedin~ all expensec of foreclo~ure, includin~. but not limited to. reasonable attornev's fees. and costs of docomentary evidence. alxtracts and litle nports. 19. Bormwer's Ri~ht to Reinstate. ti~~twithvanding 1 cnJer'. ac:elerah~m ~~f the ~umc ~ecured by this Mortgage. Horrower shall have the right to ha~~e am ~r~xeedm~~ h«un h~ 1 rnJer ta enforce thi+ Mortgage discontmued at am• time ; ~ ~ = - ~ ~.. _... b^~nc. , ''~349 pa~E2555 ~ - :~:-:_ . _