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HomeMy WebLinkAbout1190~ ' ~ ~ • '{ r u~y~l}• .u~~1~ n•nl., ic.u~•s .~nd ~-~~~Gta rw•~~i~~Y1 h~• il un ~h~• ind~~btitiln~:+s s~~~•unv) h~~n•I-v in sui•h util~•r in 111urt~;as~r• ~i~•t~•r ~mn~;+. ~I~hi• ri~;ht lu ivit~•r :uu) I:~k~~ ~~u..~•..iun ul th~• A1url~;:~~;iy1 1'ru~x•rlY. 1~~ in:~n:~~;~• ;i~~d u~H•r:~t~~ Ih~~ .:~u~r, :ui~l tu ~~ull~•~•t thi~ mntti, i.,u~•ti :~m1 pruf~ts th~•r.•~~I. ~vh.~thrr I,y a m~•~~iv~~r ~~r uth~•rH~iu•. ~hall IK~ ~•unwL•~ti~~• lu .~ny ~dh~•r nKl~l or mm~~dv h~~mund~•r u~ :~ifu~d~y) I~v I.~~v, :u~d ~nay IK• ~•x~~n•isi•d ~•un~•urn•ntlv tl~~•mwith or ind~•~N•nd~•nti>• Ih~•nr~L ~11ur1~;:~k~v~ sh:~il IK• linhle tu a~•roun! unh' 1~~~ such r~~~l,. issu~~~ a~~d ~~n~(its a~•lually rtv•i•i~~vl I~y Mort~;:~{;~Y•. 14. If 1he ind~~btrdn~~.. S~Y'4IlVI IIPn•1~~• ia nu«• ur hrri•:~fl~•r (urlh~•r siK•umd by ~•hat1~•I murtKaK~h, .~•~-urity int~•re.~s, (~n:uu•inR ~t:~t~•mrnl~, ~~I~v1K~h, coulr.u•ls of ~;uaranlY, a~c~Knm~•nts u! It:~.~•s, or ~~th~•r xr•u~itii•s, ur if lhe !11ortKa~~K) 1'ru- ~x•rh• hrn•b~• ~~m•umlK,n•d cuusists ut murE• lhan une ~-;~rcel u( m:~l ~~rojx•rty, illurfgaK~~e• rn:~y :~t ih uptiun ~•xhnust .uiy un~• or mun• o( ,:~id s~vunti~•~ :~nd uK•urity hrn•und~~r. ur .u~•h ~-:u~•.•1~ _~~t th~• se~•urity h~~n•und~•r. ei1h~•r ~~un~vrn•ntly or ind~~ ~xv~d~•ntly. :ind in su~•h ordt•r :~ti it ~n:~y d~•tc•rmini•. am ubGK:~tun• or to la• ~u:~de u~ l~evpt~on of blurlR:~Kir•, or uth~•n~,ise. as an• made within iwi•~ty 1_~(1) y~;~rs tr ~:~1~• he~rcy~f, to th~~ s:un~• ext.~nt :~s ~f sui•h hiture ad~•an~•~~s ~vc~n• m:~d~• un th~• datr o( th~~ i•x~r•ulion u( t' Ka~;~~, i~ul su~•h cu~•un•d ind~•ht~tiln~:c~ sh:~il ~ot c~x~•~Y~1 at ar~y linu• th~ m:~ximum prini•i~r,~l :unuwU of ~~lus int~~mst, and an~• dnbur+e~n~nts made for th~• ~srym~mt ol lax~~s, I~~~~c, .uran~•e•, un th~• 11urIKaKi•d 1'ru~n~r~y. with intem,t un ,u~•h dis6urx•~uents. Any su~•h tufun• :~d~•:~n~•.•s. ~~•h~•t • Kator}~ ur to IK• mad~• :~t Ihi• u~diun u( th~• 111ortR:~K~~•. ur uth~~rwise, m:~~• fK~ ~nade either prior to or aftt~r th ~ atc• of thi~ Note or uny ulh~+r nM~•s xY•unvl hy this ~1urtR:~kt•. '('hi. 1~lurtkaK~• is ~;iv~•n f~~~ ihe sEx~i•if~i~i• i ~' . o se•i•urink :iny :~nd :ill ind~•IdiYlni:~~ by thr \1urt~;:~{;or tu '.11urt{~:~~;~•~• (but. in no ~~~•ent sh:~ll the u~•unYl i ~leAfi~sv ~•x~Y~cyl :~t :u-y tinu• tht• m:~ximum prin~•i~r.~l :~uwunt u4 furlh in th~s ~r.~r.~Kr.i~~h- ~n ..~h:de~e•r manni~r ! r dc~clnc~sti tnay I.r e~idi•n~•i•d ur m~-n~:~•n1~•d. unN) Ihis \turtR:~K~• ~s .:~tis(~~~d of n•~~unl. rVl ~•u.i•n- :~nts :~nt ~ ~ nx•nts ~•ontyin~rl in this \1ort~:~Kr ,h:Jl I~• :~p~dir:~Ll~• tn :~U (urth~•r :ida:~m•~•s m:~d~• hy ;11~~rt~;aR~•~• lu lf.. !\'o del:i~- b~• \turtKuR~~r in ~•x~•n•isink .u~~~ rikht ur n•~mYh• h~•rc•und~•r, ur uth~•r~~s.• :~(luni~~l b~• I:~~., shall u~H•r:~t~• a. a~~:~i~~~~r thi•renf or pn•~•lud~• the i•xen•ix• th~•n•uf ~tur~nK the ~•untintc~m~~• ol any d~~L•wll hi•rrund~•r_ ~u ~+:~i~~•r h~. \turtR:~Kiv uf :u~y del:~ult sh:~ll ~•unstitute :~ ~r:~iver uf or i•un~~nt tu .u1~wY~u~•nt di•t:~ult~. No failurc~ u( 11ort~;:~kiv• tu ~•z~•n•i,~• .env optis3n ht~rE•Fit j;itf~n ta :~cc~=tc•r.-!e• ittii~Uttl}' ii~ {~iP (IE•Ii~ fll•n•i~y xy•urr~3, nu ioriN•.~r:~n~•~• i~y 1liort~;aKiY• iK•iun• ur ,~Iti•r th~• ~~xrrci~~• u( su~•h u~~tiun :~nd no ~~•ithdr.~w:~l or al~;indunn~rnt of (ort•i•lu,urr ~~ru~•~~~•d~n{; hy ~tort{;aKir sh:~ll fx~ t:~k~•n ur ~•on~ ctrui~l a. a~cai~~t•r of its rikht to i~xen•ist: sui•h option ur tu ai•i•el~•r:t~~ th~• maturity of the ~ieht h~vi•b~• .~v~urt•d h~• n:~u,n ul :~n}• past, prrser~t ~ir Ihturi~ de~L•~ult un Ifie p:ut of 11ort~;a};ur, and, ~n liki• mvnn~•r, thi• ~~rM•un•m~•nt ~~( ~nsur.~n~•~• or th~• p:n•- nwnt uf lax~w ur oth~•r lii~ns or ~•h:~rKi~s b~• \lurlk:~K~•~~ .h:Jl nuf I~• 1:~ki~n ur ~•unstru~•d :~s a wai~~~r ~~f ils rit;ht lu :u-~~~•1~•r.~tr th~• m;iturity of the• di•ht hi•reb~~ s~~~•unvi. 17. ~~'ithuut vffectin~; thc~ li:~h~lity u( !Uorikakur ~~r an~• ~dhi•r lN~rsun Irx~•~•~~t any ~x•r+un ~•x~~r~•ssl}• r~•I~:r.cKl ~n ~~nt~nKl f~ir ~r.~ynu•nt o( an~• ind~•Lh~cin~•.s SlV'UftYI IIPn•h~• ur (ur ~x•rtorman~•~~ ~~(_~u~}• uLii~;:~tiun ~~unl:~in~~d h~•n•~n.:uid ~~~thuut :~fiw~t inK tht• rikhts of \1ortKaRi~~ K~th rrs~H•~•t tu :~m• .r~•urity nut ~•xpr.•~sh~ n~li~:~~Yl ~n ~~rihn-;. !11urtK:~Kf~i• m:~v. :~t :~n~• t~u~r :~u~1 (r~m titnr to tinu•. ~tith~~r IN~furr ur :~ftc•r thc~ m:~hirit}• ~~f s:ud nut~•. and ~~ith~~ut nuli~-~• nr i•omi•nt: 1:~ 1 K~•It~:~:r• :ui~• ~N•r.un fi:~irl~• lur ~~:~~•m~•nt of :~11 ur :~ny p:~rt uf !h~• indi~hli•dn<•s.. ur (ur ~K•rlurm:~n~-r ~~1 :~n}• ~~hli~:Ni~~~~ 161 \t:~ke :uip :~krw•me~nt ~~xt~•ndin;; th~• tim~• or oth~~n~iu• :~Ita•nnR lhi• tt~rm, ~~t ~iay~ni•nt of :~U ~~r :in}• {~arl i~l thr ~nde•hti•dni•ss, ~~r 111(NI1~~'II1K +~r ~:~ic~nk :int• ~~hlik:~tiun_ ~~r sufw~rdinatink, m~K1il~•in~ nr uth~•r~~w~ rli::t~n~ ~.ilh thc 1~~•n or ~•h:ir~;~• ht•muf. ~~•1 ExE~n•iw• ur re~fr.un Ir~~rn ~~x~•n•i.in~; ur w:uc~• any r~kht \t~~rtka~;~•~• m,~y ha~~~- Id~ t~~•~•i•~N a~ldil~unal ni•~•unt~ of an~• k~nd. i~•1 I2~•1~:~.~• or u!hrn~~.i~ ~1~:J ~~ith :~n~~ pm~x•rt~~, n:~l nr ~x•r.unal: .~•~vrinK th~• indc•ht~~~lm•.c, :n~~ludinR :~II ~~r:~ny ~r,~rt of thi• \lurl~;a~;~~d Ynq~•rt~•. 1~+. Any a~;rc~~•~n~•nt h~~rr:~ttrr ns~d~• L~ \t~~r~y;akur :~n~l \l~~rt~;~~:~•~• ~iunu:u~t tu thi. mnrtc.~K~• shall tx- :u~ff•ri~:r t~i tht• n~;ht. ~~[ th.~ hold~•r uf :~n}~ intt•n~•nin{; li~•n ~~r ~~n~•umhr:~n~•t• lS). ~lurtk:~~;ur hi•re•h~- ~c:~i~~•: :ill nRM ul h~~m~•:t~•ad ~•s~•inpUun. ~t :~n~~. ~n th~• ~1~~rtt;:~~:~Kl !'n~~H~rt~. _'O. In thc~ ~•~rM ut ~•~~nde~nn:~tiu:i ~,rn~ ~•~•chnRs uf tht• ~inrt~;:~~;~•d 1'r~~Ex•rt~•, th~~,:~~~ard ur ~~~m~h•n.:~tiun ~,:~~~:~bl~• th~•n•- und~ r ~s hrn•h~• as.i~;n~•d t~~ :uul shall la~ ~r.url tu \lurtF:~k~'~~. ~1ort~;:~Ri~t~ .h:~ll IK• undrr nn ubli~:atinn tn yui~,ti~~n th~• amuunt ul :im~ .u~~h :nrard ~~r ~•om~x~r~:atii~n :u~d ~n:~~- :~~-~ ~~~~t th~• s:~mt• in th~• :~rnuunt in ~.hi~•h th.~ xarn~• ~h:~ll !ti• ~r:~id In :~nc ,u~•h ~~~indrn~n:~t~un ~~ru~ ~~i•dink;, \1urt~;:~~;~•t• tn:ic 1»~ n•pn•s~vit~•d h~ ~~uun.~•I s~•I~~~~trd h~ \1~~rt;;:~~;~•~•. "1'h~~ ~ir~~~ r~•d. ~~f :~n~• :~H:u~1 nr ~ um~x•nwitiun su r~•1'PI`'fYI ~h:Jl. :~t th~~ uphun u( \t~~rie;:i~;i~~~. E•~th~~r Ix• a~~~~G~•d tn th~• prc•pac~nent ot the• \uti~ :~nd at thF~ r.~tc~ ~~1 ir.te•n•~t ~~ru~ ~~1~•d th~•n•~n. r~~x:~rdlr., ~~t th~• r:N~• ~~f ~nte•n•.t ~r.~~•:~hl~• un tht• :~~~ard h~~ th~• ~•~~nd~•mnink :~uth,~nt~~. or :~t th~• ~r~~t~un ~~f \1urtR:~~:ir. :u~•h :~~:~rd :h:~ll la• ~~:rni ~~~~~r t~~ ~l~~rl~:~;;ur Inr n•:Inrahnn of Ihi• \Tnr1~;aRi~d Yru~h•rt~•. '_'1. It \turt~;:~~;~•~•. ~~ur:u;int t~~:i ~~~~n.1ru~•hun t~~:u~ :~~rr~•nu•.~t ~~r In:in ~ ummitm~•nl ~nad~• h~ _~1~~rt~;:~~;~•r ~cith ~1urtK:~~;ur. :~en•~~s tu mak~~ ~ on.l ru~•tiun I~~.~n :ulc:~n~ ~•: up tu ihr ~~nnri~~nl :un~~un! ~~f th~• \uti•. the~n ~i~~rtK:~R~ir ht•r~•ir~• ~ i.~~•n:intx thnt ~f ~~ill cum~~h• ~~~th all ~~( th~• t~•rm._ ~~ru~iunn. ;in~A~i,c~•n,u~ts ~~t .:nd rnnyrurUnn I~~:~n nRn~•mi•nt ~~r I~r.m rommitine•nt. ~e~ll dili~;~•nth• ~•~~nstnti•f thi• ~~n~~ru~t-mrnls t~~ !k• i~inlt ~,ur.u:~n1 t~~ tht• t~•rms th~•rr~~f. :~II ~~f thc~ tc•rm: tht•mof ~~hii•h an• ~n- ~~ur~~ur:iteY1 hi•n•in h~• ml~•n•~u~~~ :~s thnukh <e•t tr~rth tull~~ h~•n~in :inrl ~tiill {N•nn~t nn de•t:~ults t~~ n~•rur th~•nvind~~r :~n~1 if a d~.. I;iult .hnll ~~~~~~ur tht•n•un~l~•r. ~t ;h:ill ~~~~n~htut~• :~ d~•t:~ult undrr th~. ~1nrf~;:~~;~~ :inr! th~• \n;i~. -- '''' At th~• n~~tiun nf ~l~~rt~;;~~;~•~•, ~1~~rlkat;~~r xh:Jl ~~r~~~irl~• \1~~rtR:c;:r~• ~c~th ~N•i11NI11' 1'1'rhti~•~I .+u~h!~•d .t:~t~•nu~nts ~~1 Ih~• finan~•i:~l ~•~m~l~ti~~n i~l \1~~rt~;:iRor. '!:t. ~1ur1{;:~~nr n•~rr~•:~•nt, :~nd ~~:~rr~nt. that if :~ ~ ur{~ue:~twn. ~t ic ~1ut~~ nrk:in~z~•d :~n~1 ~:J~dh ~~xi.tink. in ;;~~~K1 .tand- ~n~: und~•r th~• I:~~t; ut th~• tih~t~• u( ~t. inr~~r{~~~r.~l~nn. h:i, :~u~ k~~ut:t.in~lin~ ~,hi~•h h:~. IH~.•n ilulc and ~;~lulh is,u~•~1, :~nd ~: quali(t~~d t~~ du hu.~n~•:. :~nd i. in p:~~~Nl st:~nrtiu;~ ~n th~• ~t.~t~• ~~f F'!und:~. ~a~th tull ~N~~a~•r :~nd :~uth~~rit~- t~~ ~~nn..umm:itt• th~• I~~:~n r~rnt~•m~iL~trd h~•r~~h~•: nnd. if a F~artn~•r,h~~~. it ~~ ~lui.~ i~~nn~•d :uul ~al~~il~ ~~x~:tinx, :uid i, tul~} qu:~Gi~~•d tn dn hu.~n~~~s in thr tit:it~• ~~t H~I~~nJ.~: ~~ith IUII ~NINPr :uid :~uthuntti u~ ~~un.un~mntt• th~• lu:in ~~i~nt~•~n~~1.~t~Yl ht•n•h~•. '1 In ih~• ~~~t•nt :~n}• un~• ~~r ~nun• ~~1 !h~• pru~~.i~ms ~•~~nt:~ini•d in this \turt~;a;;e• ur ~n thi• \ot~• ~h:~ll for :~nv n:~sun 1~• h~•Ir1 In I~~• imalid. ~Il~~s;:~l or unrnl~~r~~<:~l~le• ~n :~n~• n•:{n•~~t, .u~•h ~m:~lidit~~. ~Il~~~::~l~t~~ or un~•nlun~:ihlrtv ~h:ill. af thr ~~~,t::~n ui th~• \t~~rt;;:~r~•i•. n~~t :~tl~•~ t:~n~' ~~th~~r ~~ru~~.~~~n, nl th:s \lurtR:~R~•. hut thi. \lurt~;:i~;e• ~h~~ll Ik~ i•~~nrtruE~d as t~ sw•h in~:~l~~l. ~Ilr:;:~l ur une•nf~~r~~•:~hl~~ ~in~~~.ir~n hail ni•~rr fk•~•q c~~nl.un~•~I hr•r~•in nr ih~•n~~n. "1'h~• tutal int~~r~~st {r.i~~:~i~l~• ~~urnu;~nt tn thi• \nt~• nr ~his \lnrt~;:~~e• sh:~~l nut tti :~nc ~m~• c~:ir .•~~~v•d ~t~,• r~~,:t,~~.~ I.n+tul r.~1~• ni i:~t~•n~~t in the Stat~• ~~r r~i~,~;~i;i '' "I~h~• ~ u~~•n:~nts :uiri ;~~;r~•~~m~•nt. h~•r~•~n ~•~~nt:unwl :h;~ll hind :uul Ih~• th•nt•h~. ;~nd :u1~:~r.i:~;;~~s sn:~ll inurn tn th~• n•<~~~~~ t~~~~ hi•irs, ~•xe•~vtor;_ :uln~ini.tr:~t~~r., .u~~~ ~•.;ur.. .~n~1 :~..i~;n. uf th~• ~r.~rh~•s h~•n~~i~. ~Ch~•r~~~~•r us~•d, ih~• ~iri~;ul:ir numin•r ~h:ill ~n~-lurlt• Ih~• ~~lur:~l. th~• ~~lur:il th~• ~in;;~~lnr. :i~u( ti~~• ~isi~ ul :~n}- ~;~~nrirr :h:~ll Iw• :~~~~~h~~:~l~l~~ t~. all ~;~~ndi•r~. All ~•~ni~n:in~ti. ,~kre~i~mrnt. :u~d un~l~•rt:ik~riKs •hall la• jinnt and .e~~~r:~l. In th~~ ~•~~•nt a~ldih~~n:~l -uuniK•rt•~1 ~v~v~•n:~nfv nr p:~ra Kn~~~hs :im (rir ~~~~m.i•ni~•n~-F~ ins~•rf~•:1 tn th~s ~1nrt::,~~;~•. ;u~~h :~d~lit~~~n:~l ivn~~nants .hall IN• n•:~d and ~;~c~•n t•((~~~~t :~s thuu~h (ullnwin~; this ~•:~.~•n;~nt ~n ~ nm~•t uti~~~ ~~rd~•r 3 UJ~KJV1 YA(;~~~p 1 .. -_ .. _ . . - - - . :~: -5