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HomeMy WebLinkAbout1424~.t'•,:.~P~ ti~L~~I~P1: i1l]!PPf11f'!ll .)! ci~)Rl!;f.~.dl!~.f' !dW hi)•r,.~:VF'1 S~1i111 (id~f ~~?E~~~mcu~t ot ait martyag~' InSU/.+nce p~om~~mS !fi t''(• ^,,~nn~~r ~~n~v:<1E~<1 un<1f•r ~_~rlyrd;:h 2 hc'rc~:'~f ~ : ! s :ir~y .1!'<~~u!~li i1~Shu!iP~l (~y LE'~1C1E'~ Ol~~SUd~lf !O ih~S ~a<it<~t~JtdOh r' W~lh ~~1tErP51 lf~iE~!Ef~~l ~hiilt C)CCO!T~E' cl(1i1~}~Qn<t~ ^~2t'hIP;1nf'S5 i)~ BU!!OLYQ~ ScCU~t?O UY Ihi$ D.~(i!iO~i(~E' Uf11ES~ gC1l~OWPf d/~t~ Lf~n~1E< <~(j~f•E,'!p f~lY1P.11ElfT1S n1 ~~fyntf'fl! SUC!~ ,+^~~xn~tS sh ~I! he Uayat~(e ~pon nohce f rom Len~ler io E3onower requestmg paymE nt !he~e~t an~1 st.~l! bear mtere5t frt,m the ,7ate ot y~shurserr~en! al the rate paya~ie trom hmc~ tr, t~me on outstand~ng pnnc~pal un~ler lhc~ Note un!ess , ayrr~ent of "tf'i!'St d1 ;,.;ch rate wou!d be contrary ro app~~cab+~ iaw, ~n ~vh~ch event sucr Fi(~'10UnIS Sh~lII ~~Et~i~ t!1~R~~?51 at rne n~gr,est r~~t~~ e~e~m~ss~bie ~rncte~ appi:cab e!,iw Noth~ny c~nta~necl ~n th~c ,~irayr~ph 7 sha!? ~~qu~rc~ t r~r.cler to i^CUr ~n;~ ex~~ensc• ~~~ take any act~or; he~eun~7er 8. ~flSp@C~IOfl. ~ f.'~1(1f.'~ IT~~~I (Tldkt' Ol ( iii.Sf' Il1 f)E? fTldt}E2 l!'<3SOflclhlk~ f?RIIiPS li~~)tl ~1~1t~ I'15~1f'Ci~C)f15 O~ Tr!f' P~O[Jf'I!y .,'C)': ~cl~d thlt LAnVer sh~ll y~vP BO.•rc;~.ve~ nr~hi.E' n'iiur ic~ <f~ly SuCt~ inSpf~C:tiC~n S(~ecify~n<j ~~. a5c~n~~h~e CIiuSP thF~~F~t;;r rt:•I~fterf ?C~ i_enders ~nterest ~n the P~o~~e~!y 9. ~.011d8fr1flat~~fl. ~ ~'$ U!O~~E'Ct ~5 O? dlly d;Vd~:1 i)f C'd1^l ~C1~ C1~IfTid~~F?] (~~'f.'CI Of CU!15CQUE'!1~1~11, Ifl COt?~1P~ ~IGfI Wl~fl dfly :JRdemnat,on c~ other tak~ng i~f s!,fr Pr,i;~f~';'r ilt j"1~~1 I1eE'~F'Of ;i' ~U! CO~~VPya~~ct~ ~n !~(•it U~ CO!1C~Rf^~lahOfl hQf~by ~155i!)'1C~1 and Sha~, ~e pa~d to Lender iR !he evE~1~ Ot c~ (Ot~l 1E1ki^t~ ^~ !t~t ~~~,;~)t:fi~~ ?hE' OrO~eE?i1S ShcSl) t~C aF;p+~~~!1 t~: 1'lft St:.^.15 secureh by th~s Mor,gage ,•ntn the excess. ~f any pa~d to Br>•~~ ~,•:.~r ;~ ?he e~:e~!~; ~>t a par?~a~ 4~km~; ~~~ i7F~ Pr~,perty unle~s BGrrowe~ ~ind Lenher ~1he~t~r:SP ~'~'.ge ~^ Wti1~f1C). ;tl~'. Shdi! (iEt ~1p~)';F~O 10 2h~' Su~iS SE~'CufQd Uy th~s hlorigage such p-opcrt~on of tne proceec~s <+s ~5 equal to that p~opo~':~~^ :.~~~rn !ne <imc,unt c~f !he sams sc~curetl b~th~s tilortgage immediatRty pnor to tne date o' '~~k it1C~ bPafS 20 lh@ .'ait Tdtkf•2 ~'2i•.Uf? C)1 !hf f'%C~, f'r1; iml^.~~C1~~1?F~iY ~f~Or ![) ?ht' clate of lak~rq w~t'1 1hP batance of ihe p!OCE?fCjS Iiii~~C: iO ?h,C BOf!O`.tiQ! . (~ !hE' PIO(~F'•IY ~5 c~h~iR(1i~~Ffr1 h'! [~_~I!; ~::F~f O' ~~ d~IE?~• ~1:~',IrE' ~7y lE'fl::f't !G Bl~liUWf1~ fhdT IhP CO!IC~Et?7I1C~f O~~CIS 10 ((!8kF• ~. ,~:•:.i '; n~ :~.•;P l.~'i,~ `C~' ~:a^'l:;"ti ~,;,~:~.iE'r }.:i:: 'C~ ~~ SGi':n~~ .~ ~;..,i1P! t•.~Thin .~G d~lvS ~i}1E'f ihP d<ite sucn nc,t~c.e !S •,-:f~~c'} ~"'1:"t~?f i5 ~lJih0/.1@(1 10 COI;nC? d/l~_1 d(>Gi;y lh@ P/UCE'C'C7S hc ~ f~r;cier 5 c,pt~on. e~the~ ?O fPS!O~aIi0f1 Ot ~CO31~ ;)~ ihE' p•~:~?E"T~' (1~ •;~ !r`F' SUR~c ~F•CU.'Q(l ~ly' ih~~ ~~~:)!1i~d(3E, . .. •.~~ ~ ~•ni7er ;in(1 Hr,••cr.L•~'r ~ ~';hp,,t,~E~ d'.~r~?f? ~r .. ':nr~ ~i';•, ~..f! ?O.)'. Cd!Er~n rif (i!Oi,e~E(~5 i0 j~~iflCt(7~~ Sh~~i r101 ~?XtE'C~7 ^ - ~ ,ri • ... nnUnnnn rnl. ll~~a riatc~ nt ihs~ m.-,nrh:.. .ncr~,ll..^.nrnc .c.fn..~>.~~ t .-~, p~..qr,a.~ -a.,.~ 7 i.n.,~•,1 -. ..1.Y..y~ •~... -. ,.f . _ . . . . .. . _ ~.. . . .. . ... . '. _ _ _ _ _""' "' " _ . .. ,- . ~ . ._,.. .. . .._. . .. .,. ~ . -~.. ~ .. . . ... ~ . . ... ... ... .~ .. u ..U ~~ .. S.:Ch in5ld~~meniS 1 O. Borrower Not Released. ~- Yif'nS;~'~t! 01 ?^.E' Tit~'lf? ~Or payfPf'nI (~! I~'.,nrf~cat:on of amort~zation ot !he sums secu+ed . . ~ R''''C7~C)E? q'nn?E'f1 :~~. ~.C.'?C1f2• !t' :i'lt Si~"i:E'~iOr ~r, ;r1tE!f?Si Uf BOrrGYIp! Sh<il! ~`Of OOCrdiE.'t0 ff?I~'d5" ~n ~fly !tld•;•~f,• . 3;,~ ,r.. r~t ttip ::)~ [7~^;~ ~Gr~;~:Vt~r <i^:`2 gr r~i;.vc~r 5~uCrE'~SOrS ~n ~rlif•rE'S1 LE?^hC~ Srdli ~Ot !1@ ~eC~Uiref~ tG CO[Ttf!tE~!t; t~ .~,~c t':~~^Cr~ ai3:i~^.S! ~VCh ~UCCC'~5~~* i~t !f't:~Sf• 1G f'r1P^i~ ?!fTle tOt payr^f?!11 C,! OSherw,5e m~d~fy amort~zb'~on Ot Ihe Sun';5 S~'CU~E'C7 by ThiS MGrt JaC~2 by fed5011 Of dny defT~at1C1 f1,ai1F by thP. ong~n•3t BOrrOwe~ anc: BOrrOwer 5 SuCCeS50r5 in t~t@rE~Si 11. Forbearance by Lender Not a Waiver. Any fprLearanr_e ey Lender in ~xerCiSin~ any nght or reme~7y ne~eunde~ .:'~~~:•,~sr~ at!orded by a~;p~,.~at,~e ~a~•: sna!' ^.~t he a ti•:~i,ver ~;t ,,~ #~,t~r~ude ,•,~ E~xe~c~se ot any sucr. r~c~h~ nr !e!~,e;fy TtiP ~1~ ~Cl~rf?!"P~1~ nf I!1Sl:lant'n p{ (hP j)~~YT.f~!ll Q1 TilYf?$ Q! r1?hf'~ '~~!1 : i)! ':r?d!qQ5 tiy ! E'!?"1~' J~~.i~i !10~ hE' ii YJ~iiVE,'! '?~ l~,r~jf" S ^: ?.^: ° ~'Ic~IP :!'P ^~!~!~tt:fy Ot +hp ~nllf?bTPd~f'SS Sf'CUr~r~ by th~S ~J10'!C2a(3E' 12. RemediesCumulative. ~•~~ '~"^PC2!"5 C~i'~)i ii7i'CI ~n !h~5 1~IG'~~<1(~P c~rr? diSi!r1CI i~^~~ CU!`~U!BiIVF_' S(7 "r]n;' O1nP* r•')'1! ^.• •,..•.t••l. `c7P, ,hi5 ti~0+f ~dt~P O~ dt!i:•dPd :)~. '~fv: c~r r~l~Uity~ ~R(1 !n~~`! hf' exE•,C~Serl CO!'C~'tE'rl?~y ~nCl@pF~ndP~Ii~~ rJ' SuCrFSS;ve 'i 13. Successors and Assigns Bound; Joint and Several Liability; Captions. The co,enan?s ;inc. ~,qreeTe^'s :F~rF iri C;. ;d ~f•.: ;t~if! Ui^(7 d.,~ ~ti~, ~, - .'.a> ~ ,. :3 h ii :~ ? re SU ' `i f'• i d iflt P',O hE' tCSp@CSr CCt'S50•'S d^C2 ~iSS~~f15 O~ _ ~:!c?• ~.~ ,. r~~-. ~ ,.~f., c:.., . ... ,.. "'~ ;,. r,. ~~' .. ,f ci:f~d ,!r3~~f' . np•n`%t -,(i,.f,'•ld•l•~ d^cl <3y'eF'R?Ents O} BC^.;i'.:f?* s^:i3`. ;,e d^C1 SP~.~?ra: Thi~ ,dG?~:~; _~l'~(7 !'@d~7~nt)c ~-Jf i!`E' U:~'dC:!a(7h5 n4 t ~~1!:)1[(i:1GP ~i~B fC! ~ ~VF?^,e11CE' O!`~'v d~1:7 dfC ^Dl iG :)F .~-P~~:'4 ~~";f'" ;'f1 .; `1E~~.,~c'~,p ~i•~~`riS~~;i^.~ ;t'P:;~ = - 14. NOt~C@. ~ t~F~• ~ ~ ,nr ,r~~ r ,.- . . ~.i' . . . `.f• j.1~•p~, ~ n• ~i:?IJ~ ~.a ,'I? ~dd:'. , . CiF? Q;~~:F?~? :n %a^.::~!'F?r m~l?f1P! ~a~ dny' f10~tCE.' t0 C3G";:r.'iC'! j~'~irdE'Cl fC' ' ~ '~~S ~J~O~?3d~F ~hd~' h~• <l!dF'~1 ti'y "':i~'~nt~ `..':": 'li)hff? !Jy ~E'!11}ICC1 'T~li d(7ClIf'SSF!~ !„ BOlrOWQ' d? ;^F P•OpP'?': .:.~::~tE255 O.' ~~' S:tCh O'hE?~ 3.':~:•~r55 ~3S f30°'OY1t'r 'r'.dy' C`^~.,7'1d1E' f~~. .,G':lre ?O LE~'~C1E'~ d5 p~OVit~E'd hefg~fl c3nC) ., d~ _.. ~~e'O Le'~~~E'~ y'.d;: be CJ":~~~ ;ry "p,i.f;~r1 ~^~f~! ,~•;;~•, •e~e~pt requested !o Le~de~ 5 ddcireSS StdlEd'?e~t~ft U! 1U 5~.1Ch Oth@f 8C1tyfE'~S d5 ~~?r~,1B' ~' E3'~ ~'F~ :'~~:^d'F: Uy '?')':CF? (.'3 ~n":~`.':'@f i~ ti.'O1`[~P(7 hp•E'~,n, iSfl,/ rl(:1~C.P (i!f)'~:i(}P,~ t7l in th~5 "."O~'CIa:~E S!':i31~ :le ~~7eemf'r; `r~ h.f~:F_• ts -.-- ~- , ~, rr, R;-~•.C~~t~n- ~y ~~'^,7E' :~:r~F'^ 'l:t~nn :n !hf, ~i',~r',np~ !1c~5~q^31E'r7 tiF,rF.~.; 15. Uniform Mortgage: Goveming Law; $@V@~ablll~/. ~^~S fn~!t; :}~ T;''qdc~E' CO!f'~b~nPS ~~ni''irm, r7 F.!;~3~?~ •-~' ~r ,i. ._, .~. -~.. , . .. . . . .:~f ~ . .. .. . .. . . . . . ~ ~ . . ..~ . ., ... ~ , .~1.';J'~'~f .. ~ . ,P` . . . .. , -~.~•,.. . . _ .'1...'F~~f . --(' . ' ~' ~ . . :i".'~ . ... ~s: . ... . . . ~ . " .. . i~' ~! .. ~'~-'f~ ...- ..:i rr~F• uf. .,1! . . , . . „ • r. . • . . " . . . T• . , , _, , , , . .. • . . . ~.. •: • . , ... 7.: ;~ . . , ~ ~t' . . . .. - ~ . ~ . ._. . • • . . . ' ~ . ~ . . , •a.. . ' ~ .. ' .. . ~.~it~ ... . . . ~ -, ~,+ ... ", .t ' ~ . . . . . ~ .. , : c ~.~ t•~~, 1! ~ , ..." . ~ . ~ • . ~ . . ~t' . . - • . .., ' . .. . . . . . . - . ~ . ~ , • 1S. Borrower's Copy. B~!' ; .~f~~ ~..~1 i `~E' +u~~:~•-n,:} ;i C':'1', !"nr~ ,~~: . ! f' '~ .}E, ,~„r; .y} .h.S ! ~ ` . ~ .-.! r:yn~'1:1i•7r! O~ atte~'ar~~~~A~!O^• hf?!G~7f . - . . '~'7d:). <i~. .^p 1...~,Q 17. TransferoftheProperty;AssumQtion. i}~i' •':'i^:L~<f't.~~'~'F-~''~::C~~r},yry~n ~•~.nt±+~:f:~~.... ~~,~r,,..r.~.~!F..,~r~ bY ~nrrOtYf.'~ Y/ithOUi ~f'nr2FfS nff'}~ -:•/!~'ipn rO~lSE'^? c?rr',~}Cl~".J ~d' ~~E ~'F~~3~i~i^ 'i} ~i '.~E°. ,.' E'^!;J~J'~f .'.Fr 5:1 i ~' :~!1~i" !G '^~~ ~~QOr!C~dOE ~b~ th@ C!PFi!~7•^. ;~! 8 pL:'Ch~SE ^":~'lf?}, SPr'U•~iy ~~1{P~PSt tf~! hOUSQhG'd =fnn~~~~''f?5 1(:i d!~afl~}Fr by !lE'VtSf- %?c?5rs~n~'1~ ti'y' ~DP•~3?;~'t r~ ~3~7 UG•'~^ ihP c:eath ~f ~ ~o~nt !en~nt :;r : -i; !1~ ~~+a•,f .:.~ ~~'ly ic?d5F hJ !~ '1if ~E S? vF?!'.~F~ yE'~~S O! iE ~5 ^~.T CO'~'ditli^C~ d'1 0:!1~pl; !O DU'~h25@ ~C'Rde~ R'?c3y c~f ~P~ldf?/S CQli~n C;B~i~rc? ~~! fhP SU^?5 SF?CU~Pfj hy 1hi5 F./1r~•rgage'C bE' "?'medi~!eiy clue and ~ayab!e Lerde+ ;ha!~ havP VJ3iVPC~ SUCr? ~~pt~on to a~ce~e~ate ~t pr~or to tnP sa~e c~ transfer Lende~ dnr; ~nC, C,n•:•'i^ ~tJ ~Nrr.,~-. ..,~, p..~~~ f.t:~ i:}O r~E: S(i!(] U~ 1fdl15~E'r~:.'O 'ec3Gf' ~C~•'E'F'~"c(1~ i!1 1N/Ii~ng ?r~ 'r~- r! t at ,. ~~ ~reJi. O SuCh person ,~di:5fa~~~~~y :o LF'nd~' a^•'.'"~! th~ :^te~est payaL~E= On':hn SU!'~5 SE?~,U'E,d hy lni5 MC~ic~jiqE? Shd~~ Ge at sucr, rate as Lenne~ -`?c~~' '":ii.f.'Si ~~ LG^de' rc~5 :~d!VEd 'he Opi:G~~ ±o a-.ceierate prov;c:EiC itl';hiS pd~dCJrapri ' 1' and ~t Borrower s successor ~^ '^rF'•E•5? h35 ex~~UtCd a'.'1••+fiP't aSSUCtpi~pn ~CJteefT',en!aCC@p?ed ifl vl!tti^g hy Le~~ie~ Lende' S~'.a !•'E'~ease Borrov.~er trom a~ :~n~,g:st,o~s u~der th~s ?Aortgaqe and ?he ~dore ~' L'?!"7E~• E'xe!C'~E'S Si:C^ Op?~G~!'O dCCe!E'f:i1~ Le!'r:E' Src"3il r?~i~; f3C:'.'O:1e"1GhCC O! aCCF_>~E"d(~Or, ~R &CC:O!C~anCE :•: :^. : a'~9'dD~ '• ~^f!?0! SuCh r.OtiCe ;'~~i: Crr~ri!;E d f?r,~.c: r' n~ rh r r ~h J ~ J1 iE'CS at 30 c:a~s IOR' hf_' ;j~11f' ~.Q'1C~i!CE' i~ !`id~!E'Cl ~•~~~h;". :r~•~~ti 8~...~;yp. ..~3V UdY'~?f' Sii,^1$ ~':F? :~3'E'"} •:~t:!? Ii gOI!,';Y:F?! ~~~~c 10 Gd~ 5~.~.h Sl.fr,S ~j~+n. t0'hF? E.'Xat'~~f~::n Of c:iCh CC'!'~U : n'1•~~. •..dy .y;tF ~,~t ~~.~~-.E,. ~;~r~~F? O! r:E,'~'~^d O!~ Bv~!GNF?~. irl•.'Okf' 3^Y' 'E?'TteC1;f'S pe~!~ti?tECl b~' 'Jd~Ff(~fdPh ?~ hE'~E'O} ~+:J~J U'.i~GR't COvEN.:r;'j B~rror~er and Lende~ tu,~r,er cc,~:e~ani and agree as !c~~-0WS 18. Acceleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrowe~'s breach of any covenant or agreemsnt of Borrower in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, Lender prior to acceleration shall mafl notice to Borrower as p:ovided in paragraph 14 hereot specifying: (1) the breach; (2) the action required to cure such breach; (3) a date, not less than 30 days trom the date the notice is mailed to Borrower, by which suc:~ breach must be cured; and (4) that tailure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Mortgage. foreclosure by judicial proceeding and sale of the Propery. The notice shall furtherinform Borrowerof the rightto reinatate after accsleration snd the right to asse~t in the toreclosure proceeding the non-existence of a default or any other defense ot Borrower to acceleration and foreclosure. If the bresch is not cured on or before the dete speclfied in the notice. Lendsr at Lenders option may declare all of the sums secured by this Mortgage to be immedlately due and payable without further demand and may foreclose thls Mortgage by ]udicial proceeding. Lender shall be entitled to collect In such proceeding all expenses of toreclosure. Including, but not limited to. reasonable attorney's tees. and costs of documentary evidence, abstracts and title reports. 19. Borrower's Right to Reinstate. ~~r,!~1J~ihiic~^';inC~ ~f ^C!E'~ 5 c3C~c?!Prn1~0~ ~~r ihe s!,r^s serured oy th!5 !~~j~~~~~c Pri~tO'Vf'! 57a!t have the .'I!~hS'n'?.~`dE' dr;y pr~r_~.f(1~f~C~S CiF>OU!~ ~i. l F_'~'r~n. ~n ~.,,}.-:•; ~ m~s Mo~tgage d~scont~n~ea ot artY fl^`E- ; ;~:~~35.~ 1~~~Ei4~U ; ~ ~ - _ -_ - - .- ~