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HomeMy WebLinkAbout0611. , .~. . •1 . .'~•~ ~ .'•• S. Inqpeetion. IA•nder nu+y muke ur c:~use to Ix~ m<-de reu~unublr ~•ntrirc; upon and in~{-crtiun~; uf ihe pruprrty, pruvid~d that !w•nder shall tiive l~~rruwrr nutice priur G~ xnp r:uch ins~~•tiun ,p~Y•ifyinK reusunuble ~•ause therefor reluted to lrnder':+ intrn•~t in the 1'ru{xrt~•. 4. ('ond~ mnt~tion. 'i'he proiy~~is of .~ny uwurd or cluim for ~lamn~;c•s, diri~•! or conur~uential, in cunntY•tiun with an~• a,ndrmnation ur uther takinK of the pruperty, ur part thrn~d, ur fur cunvey.incr in litw of cundemn.+tiun, :~re hrmby assiKn~ti1 und sh.Jl tx puid to I.rnder. !n the rvrne oC a~ tut:i) taki~K uf the !'ro~ rty, the pnr~tti~is shal! Ix .~pplird tu the sum+ e:i~c•unY1 h~• thiti Mort~ake, H~ith thr excess, i(.im•, ~p.~id to Rorruwer. In thr e~•ent oC x parlii~l takinK of' the Yn~perty, unlc•+s Rurn~wer a~nd !A•nder utherwisr :~Kn~c• in writinK, there sh.+ll I~r . _ _ _ _ . .. w.• • • __..~ ... •L _. _._"_~"._.:__ .__L:~l. ~-... ...~..._...~ .,C~l.._ .....~... . ' " ' ' . ' " ' _ . .. . .. ... ... . ... . .. .. ... ..... . .. . . .. . . .. . _ . _ .-ppluK] tu thr sums sfK•urc~ by tms :~turiKuKr ~ucn pru~nu~,u .n w.- ~,~........, ..~ .., ,.~~... ... ...... ~..,.r ......... ........ .... ..... .--•- ,-- .... ---..._ .ecurcd hy thia ~iort~u~;r immc~liut~~h~ priar to the date uf t.+kinR lx•ar~ tu the fuir mark~•t ~~alueufthr 4'ruprrty imm~~diutrh• prinrtothedeitr uf taicin~;, w•ith thc bulanc.~ uf th~• pr~K•cv~i~ E~:~~a t~~ Iturn~K•er. If the Pn~pert>• is ub:~nduned by li~,rruwer, ~~r if, ufter nutice b}• IA~nder to fiurru~vrr th:it the ~ti~ndrmnurnffc•rs tu makY.in uw•ard ur ~rttle ~+ claim fur damu~;rs, fi~uruN~er fuils to resFN~~d tu 1 A•ndrr K'ithin :ill duys .iftrr the datr suyh nutice is muil~~c1, l.rnder is authoriced toc~~lirct and :~ppl~• the prnc•c~c~cls, at I.rnde.•':~ optiun, either to resturation or mpuir uC the pruprrty ur tu the sums ~~rur.d by this 11urtKa~;e. Unle,s l,~~nder:-nd 13cxru~•er utherw•isr :~Krre in w'ritinK, an}• surh up~~licutiun of pnx•t~cda tu principal sh:~ll nut ext~•nd ur ~~stpunr thrdur date uf th~~ munthl>• inst.-Ilment~ refrrn~cl tu in pura~;rap;~s 1 and 'L h~~reuf ur chany;e the amuunt of such in,t<-1lmrnts. lu. BorruH~er 1ot Releus~~d. F:xt~•miun uf th~• t~m~• fur p.iym ~nt nr m~Klificatiun nf amurtiz,iti~~n ~~f th~•.um..~Y•urtK! h~• this ~1~~nK.s~;r Rr.~nti•d b~• I k•ndt•r U~ :ui~• succes,ur in ~ntrn•.t ~~[ 1{urru~ce~r shall nut u~N~rate tn ml~•a~t~. in an~• nuinn~~r. th~• liuhilit~~ uf the uriKin.+l tt~~rruwer and liurruHrr's succ~~:sun in int~•n•.t. 1 ~~ndi~r .haiU nut ~x• n~~uinrl t~~ cumm~•nc~• pnu•e~ylin~;.:~~;ain.t .uc•f~ suir.•.sur ur rrfu.~~ tu rxt~•nd timf• t~~r pa~•m~•nt ~~r~~th~•nci.i• m~ulif~• :~ni~~rtii:iti~,n ~~l thr:uius :c~ urwl h}• thi~ ~1~~rt~;uR~• h~~ n;i~~~n ut :ui} d<•man~1 mu~i~~ 1~~ th~~~,ri~;in:-I 1{nrruwe~r .~n~i It~~rr~~crr~s :uci~~••:~~rs in iMi•n••t. I 1. Forb~•aranct~ by Lender tiut n N'ai~~rr. r1n~• fi~rhi•aranri~ h~• IA~nd~•r in rxercisin~; .ui~- rikht ur rrm~d~~ hrn•undrr, ur c+thrru'isr :+ffurdcvl h~• :~p~ilicuLl~• I:-~~•, shull nut be a~•ai~•~•r ~~f ur prt~rludi• theecrn•ise ut'an~• ~u~ h ri~;ht ~~r re~n~~l}•. "I'h~• prururemc~nt nf in.uranct• ~~r tht• p;~~•m~•nt ~~f t.ix~~s ~~r uther liens i~r i~h.~rR~•s b~~ Iw~ndi•r ,h~~lt n~~t tx• .~ H~ai~~~~r ~~f IA•ndrr's ri~ht tu ai•cel~•rute the mawrit~~ of thr indebtrdnrsc ~~•~~~4r~•~1 h~• thi: ~Iurt~:iKt~. 1'_' Kemedies ('umul~~ti~•e. All remrdies pn~~~idt~d in thi. \1urt;;a~;t• arr di~tin~•t .+n<( i•wnul.itive to .~n>• uthrr riKht nr rrm~~cf~• undrr thi. ~turtra~;e ~~r uffnrd~d h>• la~• ur ~{uity. and sr<~y bc• t~xercise~l <~uncurr~•ndy. inde~•nd~~ntl~• ur succ~•.tii~•eh•- l.i. Succestiurv Hnd Atisi~ns Ruund; .loint :+nd Sevc•ral l.iubilit~; ('aptions.'1'hi• cuvt•nants and :iKrt~•mt~nt~ he•rr~n c~mt.+ined shall hind, and thc- ri~;ht~ ht•m~nder .h.ell inure~ to, the rc.pe~c•ti~•c• ~ucc.~ss~.r~ and xs.~iKn~ uf I.~~nd~~r :ind fiurru~vt•r, .uL~e-~•t tu th~~ pr::~i~i„n. uf pur.~Rruph t~ hert~~f. :111 ~~~~'t•n:u:'s ~-nd :~~n~•int~n'. ~~f Kurru«~~~r sh:+ll h~~ j~~int and ~rveral. "1'he capti~~ns :~nd h~•.+dinti. u: thr paratiruph: nf ttii~ ~iurtka~;e~ ;-n• fur cu~enit~ncr ~~nly and :ur nut tu bi~ usiri t~~ inlerpret ~~r define the pru~•i.iun~ herEti;f. - i t. ~oti~•~•. F:~c~~pt t~~r :in~• n~~ti~•~~ n~yutrrd wi~i~•r:ip~~Grahlr I:~~c t~~ h~• ~i~~•~r~~~ :~n~~tTi.•r in:~nnrr. ~:u :~n~- m~ti~-~• t~~ It~~rr~~~vt•r pn~~ i~1~ d f~~rin t}~i. \li~rt~;a~;r.h:ill Ik~~i~•rn b}• mailin~;,u~•h n~~U~•c•b}• ce•rt~fi~rl mail addrt•>sr+1 tn li~rrn:wrr.it the 1'ruEx•rt~• ~1d~irr.sur:tt.uch „ther.~ddrrssu~ 1{urr~~~~rr ~~ui> 11r.i~;natr Ir~• nuti~•i• t~~ Iw•-~de•r as pri~~~idtvl hrrrin. ancl ~h~ .iny tznti;•r t~~ le•nd~~r sh:iil tx• ~i~~rn h~- :•rrtifiE~ct mail. return re~-t~~p: r~ yur.t~•d. tu lw•nde~r~.:iddre~s~ .t.stt~1 hi•rt•in nr t~~ such ~~the•r :uldr~•,x:i. L~~sidi•r ~na}• d~~si~;nat~~ 1~}• nuti. e t+~ lin: ru~si•r .i~ pn~~~idE~ he•rr~n. :1n~• r.~~tir~• i,-~~ci~lyd t~~r in this ~1 .rty;:tkt• >hall kh• der~n.~{ [n ha~~e• bc~•n ki~~t•n 4~~ I~~rr~>~cerur 1~•n~i~•r ~+~hen ~i~~c~n in the mannt•r dr.i~;n:+tcKl ~~rrt•~n. l:~ l~nif~-rm11+~r/};»};e;Go~•ernin~1.11N';tie•~'E'ri~F1llllf. I}11~~uif1l~~~rn~~rtRakrc~~mhin~•.unif~~rm~ti~ci•n,int.f~~rnati~m:~lu~f•;-ncln~~n- :~nit~~rm ~~~~~~•n~~nt: ~cith limi,r~i ~•:~natiuns 1~~• juri:dictinn t„ c~~n.titut~• a unif~~rrn srcunt}' in~tru~Tirnt ~-~.~•~~r.n~; rr.il pr~~~x•rt}•. "I'hi. ~1urt~;:~Ke :I1:III I7r ~;~i\~t'TI1fYI ~~\' ~I71• I:IN' /~f ih~~ juri~dictiun in u•hu~h tht• }'r,~p: rt~~ i~ I~k•:ittri. L•i th~~rc~•:it that :.n}~ {~r~~vi~:~~n nrrl:-u.~• ~~f th~~ ~t,~rtkekr ~~r . .- .-. ~ ,~ .. . ~ .,~ . ~. „ . ~: _. _..~_. ~.~... ~t..r.,....... _. ,_ .._ .............. .. ..r ~1..: \..r., u~-.ir~1~ ~••.n 1o..ncc•n nff~•t~! I(t~• .~i~tr r„ii.lu•t. ~~itn .y~~~ui~au~r ~.i~~, .u~ ~~ ~ „~u~~~ ~ ..uw~ ..,~. .~..~.. ....... ~ ............... ... ...... ...... ,,.."_ . ... . . .. ---. . . . „ .cith~~ut th~. •~untli~ unk pn~ci~iun. und t~~ tE:i. ~•nd thr pn~~i.i~~n. ~~f thi• \1„rtk:~kt• :ind th~• \~~tr un• ,1t-clari•d :u h~• ~~•c.•raLlc•. 1t;_ I;urruH•er's ('upy. li~,rn~w~~r ~h:ill he fumi~heKi a~ ur~furmErl ~•~~p}• ~~f th~~ \~rt~• :+r.d ~~f thi. \L~rtk.i~;r .+t thr timr ~~f ext•cuti~~n ~n ~tftrr n•c~~rda[iun h~•r~•uf. "~ I ~. Tr:~nsft~r of the Yroperty: :lstiumption. If :~ll ~~r :~n>~ p:irt ~,f th~• 1'r~~{~~rtc ~~r:in inF~•r~•~t thrrc•irz i~ :~~ld ~~r tru~i~frrn•d h)• Knrrm~~•r ~~ith~~ut Iwmdc•r~: pnnr ~a-rittt•n cunsrnt. ~~xi•ludin~; ~ai t!u• rn:~ti~~n nfa L~•n ~~: ~•n~~umhr.~r.~•r.uhurdin~ite tu thiv \1urt~;:~tir. ~hi tht• ~•r~ at~nn ui ;~ purch:+~e tnunr~• :r~•urity enten•st f~~r h:,ust•h~~lrl appliancr~, ~~•~ :~ tran~fc~r h~' ~i<•~•~~•-, d: sceM ur h~~ ~~~•rati~~n ~~f law upun th~• d~•ath nf a juint t~•n;int ur ~d~ tht• krant ~~f an~~ fr:i~i•h~~ld intt•n•st n( tnrre• crar~ ~~r !e•ti~ nut ~~mt.iinink an upti~~n ta~ pur~h:l~k•, IA•nder ma.. ,it l~~nder'-: uptiun. ir~•l:ire• a!! tht~.um, :~•~ urcK~ l~c ti~i~ ~l~~rt~;:~k~~ fu h~• immi•di:stt•~}~ dur :ind p:+cai~lt• !~•n~rr sh:ill h;i~~c' K'iil\'tY~ ,uch ~~ptn>n t~~ accelt•r:.tr if. pn~~r t~~ tht• ~al~•ur tr.~n;fe•r, Iw•nder :ind thr p~•r~~~n t~~ ~+h~~m tht~ 1'rnpt•rtc i. tu ht• s~~ld ~~r tr:+n~f~•rnyl rt•:+rh .i~;rrr~m•nt ~n ~vr~t~n~: tFiat iht• i~r•K~it nf w~•h E~<•r:~~n i, ~ati>?a~•tur} t~~ I.t•ndrr und th:it thr int~•n•,t pa~:+ht~• ~~n th~• •um• :~•~ ur~ ~i i~~• thi. ~1~~rt~;:+~;~• :hn11 ~n~ :~t :ui h rat~ ;i• i.~•ndc•r ~h:all r.;~ur.t. [T L~•n~~c•r has «~.+i~e•~! thr ~~~~ti~~r. t~~ :u•~ ~•I~•r:itr }~n~e~~1~~~i ~~~ ttiii• p;~r,~kr<~~~~~ 1~. .+n~i if fi~~rr~•~~f•r~• •ur.~ e•••~~r in intrr~~.t ha: r~. rut~~j ,i ~•: nttt•n .i•_:um;,t~un aKr~•rn~~•nt :~~r~•pt<~~1 in writuiR h~ !.~ n~i~~r. -.~ nc1~•r .1~.111 rrl~ ;~.r ti~~rnn~F~r fr~~en :~1{ ~~hL~:ati~~n~ unde•rthi; ~1urtR:~~~• ard ttir \ute. If L~•nd<•r ~•~~•r~•i.~-. .u~ li ~~pti~~n t~~ :iri~~•Ie•rat~•. 1.~•n~1rr sh+.ll m.+il 1{~~rruwe•r nutii ruf.~~~crl~~r:iti~~n in :ie~ ,~nlancr ~eith p.ir:~~;r.~ph ; 3 ht•rr~~f. ~urh nuti~•~• ~hull {,n~~ ui~~ a p~•n~~~i ~~f n,~t I~•:. th:~n :;;~~In~•s fn~:n th~ ~l:it~• tti~• n~~n~-~~:~ rr.:c;i~•a3 ~. utun., hi~•h Ft~~rrv~~.-~•r mac Er,~c tht•:ums (~fY'i:if1Y3 ~iue•. if Kurn,~~~•r f,iii~ t~~ ~~a~ .ui~h ~ums priur t~~ th~• ~•~p~r.~ti;~n ~,f ~urh E,~•rn~~l. I.~•:ul~•r m:~~. ~+'iti:~~ut furthrr mrt~r~• <~r de~mand „n k~~rn~wrr. ~nc~~ke•:+n~~ n•rn~•,{ir: p~•nnittr~l !r~ {~;~raRr.~nh l~ h~•n•~~1: Itt. .~ecE~li~rxtion; N~~me•di~~s. F:xcept ~~s pruvid~~cl en pxrt~Kraph 17 h~•reof, u~x-n Burroa•er's brc•ach of am• cY~~•enant or :~~r~~E•ment uf Korru~+~er in thi+ 11ort~:~~;~~, includinK the cu~•~~n.int~ to pa~ ~+•hen du~~ Hny tiums ti~~rurt~cl by thi. ~ie-rt~a~e. LE•nder priar to acceleri~tiun shall mail notice tu Burro~cer as pn-~•id~~d in part~~raph 1•1 here•ufspecifyin~:I l-the bn•ach; lll theaction rt•quirc•d to cure vuch br~~i+ch: I:il s~ df~te, not less than :i0 da~-s trom tht• d.~te the notice i~ mailyd tu Rorrow•er, by w-hich such hreach must lx~ cur~•d; f~nd (4- ths~t f.+ilur~~ tu cur~• such breach on or before the date specified in the notice ma~• rrtiult in :icceleratiun of th~• sum~ secur~~d b~• thiti ~1urt~aKe~, foreclutiur~~ f~y judicixl pruce~dinK and sal~~of the YropNrt~~."I'he notic~~ shxll furtfier infurm Rurruvs•er of th~~ ri~;ht to reinstate ~ifler xccel~•r<~ti~~n and th~• riRht to rissrrt in thE~ foreclosure pruceedinR the nun-t•!cistence uf a default or an~~ other d~~f~•nse• of I;orro~ver to acceleratiun end foreclosure. lf the br~~ach is not cun~don or h~•f~~r~• the date• sp~~cific~d in the notir~~. L~•nd~•r s~t Lend~~r's ~-pti~~n mtiy di•clare all of the ~um~ ti~Y•ured bc thi. ~1ort~a~;~~ to tx~ imme•dixtel}• duc~ and p:t}•abl~~ ~~~ithuut furthi•rdi•mand.~nd mi~~~ fun~cluti~• this ~1urtKageb~~ judi~•ial pruct•~•dinK. Lend~•r tihxll be ~~ntitl~~cl to ~•ull~•ct in ~u~•h prucet~ciin}; all i•xp~•ns~•s ~~f for~•clutiur~~, inrludin~;, but nut limited t~-, rt•a.~-nable a~uorn~•~~'~ ft•~~., and ~•utitti ~~f d~~c•um~•ntarv ~•videnc~•, nl~~tr.ict~ .~nd titl~• r~~pnrtti. 19. Korro~~•cr'ti Ri~ht to Kcinstat~~. \~~tN•ith~tundin{; 1~•ndt~r'~ ac~~•t•Irratinnof tht~s~m~ ~r~•und b~• thi~ ~lurt~;.~Kt•, f~~~rr~~:.~•r ~h.~ll ha~-~• th~• nRht t~~ h:~~~t• .~n~• pru~•rrdiny:~ th~~;un tn• l.~~ndt•r tu i•nfnrcf• thi. \1urt~;:+Rr d~tic~rntinu~K1 at :in~• time prior to entr~• ~~f a~udkmrnt rnf~~rc:nk thin ~turt~aRc~ if: ~:~I li~~rruwi•r p:-~•s IxndE~r ali s~m. w•hii•h w:~uld he• th~•n duf• undt~: thi. ~1~~rtkaKe, the \ute and nute•. ~ecunn~; Futur~• Ad~•ances, if an~•, h~-d nu ac~celerati~~n ucc•urre~3: tb1 ii~~rr~~wer curec ali hrea~•h~~s ~~f.in~• uther co~•en<int~~ or aRreementc of tiorru~~c~r c~~ntainrd in this ~lnrt~;a~;t; ic~~ fi~~rn~w•er pa>~~ alt n•asunabtt~ e~x~•n~~•s incurrc~l 6}~ 1~•nder in ~~nforcinK the co~~enantc and aKre~~ments nf f30TfUK'f'T c~~ntai~t~d in this A1nrtKaKt• and in enfnrcinK I.~rnder's remedi~~s ati pr~n~idcvl ;n par:iKr:iph ] K henY~f, includin~;. hui nut I:mitcd t~~. re.~sunablY atturnt•~-'s f~~~s and ~d ~ Fi~~rruwe~r t.~k~•~ ~uch actiun as I.e•nder ma~• m:~.~~n:~hlt• r~•quire tu a~.urFthat the~ li~•n ~~f thi~ \turtRay;e. l~•nder's intrz• t in the~ Pr~~Fn~rt~- and f~nrru~+•er's uhli~ati~m tu pa>• tht~ sum~ serun•d hy this ~1urt~;a~:c•.hal! c~mtinoe unimpain•d. [~p~~n such pa~~mrnt and cure b~• 13~~rn~M~e~r, this ~1urtKaKe• .~~~i cr,~• ublikatiuns securtd herrh}~ ~hall n•~nain in full fnrce .~nd rffect .is if nu accrlrratiun had oecurrrc;. '!(-. Atisi~nm~~nt of Rent!~: Appointmenl of Heceiver. As additi~mal ,ecurity hereunder, B~~rr~~H•er ht~rrby a~~iKns t+~ lAnder the t_ nt~ uf the• Propert~~, prv.~•ideri that liurrow•er ~hall, prii~r t~~ acc~~lc•ratinn o nder par:~Kraph 1 K hf•raY~f ~~r abandonment uf the Ymprrt>•, ha~~e the nKht t~~ cullect and ret:~in such rc~nts :is the~~ txY•~~me due and pa}•ablr. l'{wn acce{eratiun under paraKraph 1 H ht~rt~~f or aband„nment uf thr Pr~~pert~•. I.ender ~hall tx• entitle~ t~~ ha~~e a recei~-er appuinted b}• a cuurt to enter u{~ro, t.~kr Exrsses.iun nf and m:+naKe the 1'ro~xrh~ and to cullErt the rents uf the 1'ru~x~rt~~, includin~ those past due. All rents i~,llect~d by the receivc~r ~hall }xr appliecf first to pr-~•ment of the cYrst~ of m.~nakt~m~•nt nf tht• Pro~rty :~nd collection of rents, including, but n~~t limited to, rec•ri~•er's fee~, premium: nn reti•ci~•er's bundc and n:isonable atturne~•'s fees, and thrn to the sums securecl bv this :1lortfca~;e. The ~rcreiv~•r shall }x~ liable t~~ acer~unt unly~ for thusc• renls .~etually rec•ei~•irl. ~ ~.:;K351 ~~~~F 610