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HomeMy WebLinkAbout2089tt. lnepeclion. 1 ~•r.ctrr mu~~ mi-k.• ur ciwar to iK• tna~ir rruaun.~blr ~~ntrire u{N~n ~~nd u~x{x~•t~unx uf thr pru{~rty, pruvid~d that It•ndrr Hhull ~;~ve lt~.rtnwer ~.ut~ce priur to uny yuch in~ptK•tiun ti~xK•if}~in~ mu4u~ub1~• ~:~uar thrrefur rrlutrd tu It•nder'x intrrret in the I'ru{xrty. ~~. t'ondemnation. 'I?u~ pnx•~~~is uf any awa~rd or cluim fur dumay,ea, dirr.•t ur ~•~~nti~v~u~•nti;il, in i•unneti•tiun w•ith iioy ~Y,nde~mn~~ti+~n ur ,~the~ u~kinK uf thc~ pru{xrty. ur part tht•mu[. ur fnr cun~wyun~•f• en li~w uf ~ymd~rmnuti~~n, an• h~•n•b~• ati.+iKn.~cl :~nd ahull Ix• p:11/I tU IMA(~l•r. In ih~• e~~~ent uf a t~.tul takinK uf th~• !'n.~•rty. the pn~ w•dv,hull tN, .~p~,li~•a ~~~ ~n.•.u~~~.,.~~~~~~i f~~~ thiy :~turt~;:~y(r, with lhe rxcrxx, if uny, pa-d tu Ii~~rruw•er. In the r~•~~nt uf t~ p:~Rial takin~ ~~f the {'n~{k•rt}•, unlr+ti IiurruN~•r und le•uder ~~therwiKe :~Kr~~~ in writinK, th~rm ehall l~r .~ppti~rl tu the sumti se~•ured b~~ 1h~~ bturt~;uKr vueh prup~~rtiun ~~f th~• F)f1N'~'t'(I!i .~s ie ~r~ual tu thul prupurtiun which the anu~unt uf thr 4ums ,.~•ur~~i b~• this :11urt~;aKe inun~~liately priur tu the d~~ti• uf t:~kinK tk~arti G~ the fuir mark~•t ~•.Jue ~~f th~~ 1'r..prn~• imrnediaitely priur to the dute uf :,~kiu~;, with the b;~luncr uf the pn~~•~~~d~ paid tu liurn~w•er. If the 1'ro~rty i~ abundunrd b>• I~urruM~er, ur if, :-Rer nutin• by ( A•nder to lturruw•er thut th~• ~.,nd~•mnnr i~ffrrti to makt~ a-n uwan! ur w•ttle a .~laim for damu~;es, Rurruwer fails to re;;pmd tu tA•nder within :tu du~•s aftt•r the dat~• suc•h nuti~•~• is muil~Yt, I~•nder is.~uthuriz~d wcullrc•t and .~pph~ the pr~x•c~K1:~, at Iw•nder'~ upiiun, eithc•r t~~ rryturatiun ur n~Fr~ir nf the pru~x•rty ~~r tu the sum~ s~r•un~ci by thix lturtK~iK~'~ t~nlras 1~~ndrr and li~~rruwer uthen+•ise uy;rrr in H•niinK, an t• ~ui•h .~pE~ficuti~m ~if pnw•reds tu princiual ~hull nut exte~~d ur {.ustpune th~• du~• ~iau• of the ini~nthly in,t.~llm~•ntc rt•f~•rr.d t+~ in paruKruphK 1:~nd '.'. hen•~~f ur chunKe the an~uunt ~~f tiw~h instaUmf•nt:;. 11-. Ki~rru~+•er \ut Iteleused. F:xt~•nsic~n nf tiu• tim~~ f;~r p:~~•m •nt ur mudificaU~~n uf .un~~rtiz:~ti~~n nf thr.u~ns seti~urtri L~~ thi~ ~1nRka~;r ~r.utli~d b}' L~•ndt•r t~~ :+n~• .w•i•~•.w~r in inti•rr.t ~~f }i~~rn~w~•r .h:~ll ~i~~t ~,~n•rate!u n•I~•~i.~•, in :~r,ti• m:innrr. thr li:~hil~tp uf ihr ~~ri~;inal Kurruv~•rr ~nd it~~rn~~v~•r'. ~uc~•r.tiur. in it~t~•rr.t. 1 ~•nd~•r .hznll n~~t IH• n~~uir~~! tu i•n~ntn~•n~•r pn,r~titilin~;. uR:un~t .a~ii .uc~•~•,;nr nr r~•fu,e tu rxtend tim~~ f„r E~:~~~n~~nt ~~r uth~•r~~i:r:m~ilif~ :um,rtii:~tn~n ~~ftlu~,unu .~ ~ ur~~~t h~ lh~s ~l~~rt~:,~;~• h~~ r~ ;~.,~n ~~f:i~:~~ ~1r:u:~nd ~u:~~irl~~' lhr:~n~;in:~I li~~rruwrr ~n~1 I;~~rn,~.~•r'. ~ua! ~.~~~~r. sn int~•r:•,t. I1. Forb~•arunce 1-y I.~~nd~•r ~ot a N'ui~•~•r. :1u~ fnrlN:iranr~• h:~ l.~•n~i~•r in ~•xrrc~,~uti .u~}• n~;ht ~~r rrnuvh' h~•n•undrr. ~>rutherwisr ~ff~~rditii bv appG~ :~bl~~ law•. :hall n~~t tN• a w:~i~•cr uf ~~r prr~~lud~• tht• i•xen•~.~~ uf an}~ .u~•h ri~ht ~~r revm~i~•. "I'hr ptui•urrnu•nt of in,urnnct~ nr thr t~:~}•meM uf taxes ~~r ~,th~•r lien~ ur e•h.+r~~•~ },c (~•ndrr ~h:~ll nr~t }K• :~ ~+•ai~•rr ~~f 1~•nd~•r's n~ht U: u~•c~•Irrat~• the• m:~turit}• ~~f tht• indrbtednrtiti .~•ruri•~1 hy this ~1urt~;a~;~•. . 1". Kemeclies ('umule[ive. All n•~nrdi~•s 4in~cid:•d in ttii, ~1urt~.~~f•.~re di.hnct and ~vn~ulati~:~~ G~:~n~~ nth~•r ri~ht nr n•nuY1~• undt~r thir \tnrtra~;e ur affur~ii~ct l~~: iuw ~~r ~Y{u~t~•, and •n:-}• tx• rxer~ i.~~~t c~~n~•urrf•ntly. ~ndeEx•nd~-ntl~• „r su~•~•~•~v~v~•l~~. 13 ~ucc~~~+urs and ~~~si~;n~ Ruund:.luinl und ti~•v~•rnl l.iability: ('upliun~.'fh~• cov~•nants and :I~;ffY•m~•nt. h~•rc•in ~•untain~•d sh.ill ~,~ni1, and thr n~;hlc hi•r~~undrr ~hull ~nurr tu, thF n•.~x~i•ti~~t• ~uc~ c•~v~.rs .ind astii~ns ~~f I.r•nd~~r and fi~~rn~Hrr, ,ub~rct tu lhc• pn~~•i~iun:; uf , ,~ra~;raph I :' tu•nr~f. ,~ll ~•u~•f•n:~nts :uu1 :~krw•nirnt. ~ef It~~mnvt•r .hull ix• juint :~nd ~r~~e•r.~L "1'ht• rapti~~n. :~nd ht•adin~;c uf th~• par.~~;raphs uf tt:i. \l~~rt~::~~;t• :irt• f~~r ~-n~•i•nie•n~•~~ „nly :;nd :~n• nut tu h~~ u.eYl t~~ int~•rpn•t ~~r drfin~~ thc• {~r~~~•i.i~,n. h~•n~~f. I#\~~ti~v_ F:x~~i E~t f~~r :u~} n~~tii~~• n•yuin•ii un+1~•r .~{q~li~ :~f~l~• I:~w t~, i~e• ;;n~~•n i~~ :~r.~,th.•r m:~nn~•r. ~:u :uiy n~,ti~~~• t~~ Iturruw~•r pr~~~~i~t~ d fur in ttu. 11,~rt~.~~;i~.h:J1 }K•~;~c~•n h~ m.~ilin~; ~urh n~~tir~•h~ c~•rhfiwi m:~il ad~ir.~~s~•d ti~ li~~rrnu•~•r:~t thf• 1'r~~F~•rt}• A~l.lr~•s.~~r.it .uc•h uih~•rxddrr.~:~r~ 1~~~rr~~~:~•r in:~~ ~1.•.i~;n:~t~• L~ ni~tirr t„ 1~•n~i~•r :~s pn~~ iderl h~•re•~n. :in~! ~ h~ anc n~~ti~•r tu 1 a•ndi•r :h:~ll tN• ~;~~-~•n by c~~•rtiFi~~ci tnail. rrturn n•et•ipt r~ yu~•~trd t~~ le•n~~~•r': u~9~lr~•v..t:~trd h~•re~in ~~r tu.u~•h ~~th~•r:~~3~±n~s.:~. 1~•nde~r tn:~y d~•.i~;n:it~~ hc n~~ti~•~• t~~ Fi~~rr~,u•f•r:~~ pr~~~•td~~1 h~•rt•in. An~• ~~~,ti~-~~• 4~n~~ ~~i~•d 1;~r i:i th~s ~turtti:i~;r sh:~ll hi• dt•rtn,•~! ?~~ i~;~~r h~•~•n ~;i~•~•n t~~ li~~rn~~~~rr ur I A'Il(IYf K'IIPh 4iern in thr ms~rzner dr.i~;ncetcYj h~•r~•~n. i:~. l"nifurm VurtKaK~~: Gov~~rnink I.u« ; ti~•ve~rt+bility. "fni~ f~ ~rnt ~~! nzurt~;:~~;.• a~umhine•s un~f~ ~rm r~~crn:ints fnr n:~ti~~n:+l uw• and n~~n ,~~~t~~r~n i~~~c~•n:~nt. ~~ith lu~iit~•~i ~;~n:~ti~~n, i~e ~uri:~1~~ h~~n t~~ ~~~n-ritutr :~ un~fur~n se•i•urit~ insirwn~~nt t~~.~rrin~; r~•al nn~~K•rt~~ 'fh~. ~~nrtk.iKF •Ii:,ll Ek• ~~~~~•r~~~-ri ;:c th~• L~H ~~f th~• ~ur:~1i~~E~~~n in ~elrt~ h th~• I': ~~~r.•rit' ~~ I~~~ at~~l. Irt tht• ~•c~•:it t}~:~t :~nt~ pr~~~ i.;~~n ~~rrl:~uv.• „f lht~ ~lort~;:~kr ~~r t~:~• \~rto ~ ~~ntl~~ i~ ~~iti~ :~F~pl~:;~hl~• 1:~~ ~u~~h c~~~nfli~ t :h:il! ~~;~t :~ffe•~•t ~~th~•r prnt•i.~~~n. uf thi. \l~~rt~;:i~;r ~~r ti~~• \~~t~•uhirh ~:~n tk•~;t~'en effe~c~t ..llh:~ct th~•,~~:~thrtlr.~; pr~~e~~inn. ,~n~1 t~~ tiyi• rr,~i th~• t~r~~c~:i~:n= nf th~• \1urt~;n~:~• :ind ri~r• \~~te• :~r,• dr~•l:ir~•~i tn IK• ;~•~t•r:+h;~• !t; BorruH~~•r'ti l'upy. It~~rn~~ct•r :hal: Ik• furr~i.hir! .~ r~:nf~~rtnr~i ~~~p~• ~~f th~• \~~2~• .~n~! ~~f th~s \1~~rt~;.~~;~• at tht• hrnr ~~~t•r!'t'U[1n71 Uf aRrr ^r'/~i(~:ftlnil t7PT!•"~1. t'-'1'rans~r•r otth<• I'rop~~rt~ ;:1ti~i!mptiuu. ff ;~II nr :in}~ part ~~f tiu• !'r~~EN~rt~ ur :+re lntrr~•tit [hi•r~•in i.:u!~1 ur tr.~n,f~•rrevl h~~ }i~~rr~~M~t•r ..::nnut I~•n~i. r~: pri~~r ~ntt~•n ~ un:~~nt. t•x~ ludin~; ui~ tht• ~ rr:~u~m ~~f :- li~~n ~~r ~•ncu~nhr.~n~•~• :uhnrvlin.~tr tn thi. ~t~~rt~;.~~;i•. ~hi ;ht• ~•rt•.~tiun uf u ~ ;,un~°i;~.r munr~' ~~.•unR' int~•r.•st G~r h~•u,~•huld upplu+nrrn, ~~ ~:~ tr.in,ft•r i~~• rit~ci~~•, d.•,~•e•nt nr h~~ ~~Ex•rxh~m ~~f I:~w upun thc• d~ :~th nf a juint ~. ~ ~+•-nant ur ~di tn~• kr:~nt ~~f :ui~• 1~•.~~~•h~Jd int~•n•.t nf thrr<• yr:~rs ur ir.. nut .~~mt.unin~; an ~~pti~~n t~, pur;•has~•. 1.~•nde~r m:r:..~t 1.~•ndt•r'.nphun. ~ t~ ~~l:in•:iil th~• .um- srriir~~1 !~y thi• ~l~~rt~;:~~;r t~~ h~• ~mm~•~I~:~t~•1} ~iu~• ;+n~! ~r.~t:~hl~•. 1~•nd~~r.~}~all hace~ w:~i~erl .uch npti„n ti~:u~c~rlrr,~t~• if, pnnr '~ ~ the•s;~lrnrtran~frr. I~•n~l~•r:~ud thr pcr~~~n t~~ u h~~~n thr F'n~prrt~ ~:: t~~lN•:~~iri nr tru~~trrrttil r~ :i~ h:l~;fYYI21t'fl~ Itl K!~Ufl~; I~t:lt tIll~l'ffYlll Uf su~•h ~~r.~~n t: ::~N:}:~~ tnrt' t~~ L~•n~le•r :~nd ih~~t ~h~• ~nl~•r~~:t ~~.~e.~f~li• ~,n th~ .i~tn• ~~ ~ un~i hc tht~ ~1~~rtK,~~;~~ •h;~l! IK~ :~t ~ui~h r.~t~• :i~ 1 ~•ndt•r .h:+ii r.~yu~~..t. If L~•r.~i~•r 1:.~~ ~e.u~~•i~ th~•.~p~*:~~n tn :u ~ e•f~•r:~tr 4rn~~;~i~~~i ~r. tt~i. ~rrr.~~r.ip-t 1-. :~n~l !f li~~rr~~tie~~r~~ ~u~ i~•...:~r u~ :nte•r..t h:i~ e•~~•~ ut.~cl ~~ .~ ritt~~n ;~.,:-uiu{,u~~n .~~;rrr:n.•nt .t~ ~ .•~~t:•,i ~n :entir.;: ~~c I ~•r~~1~~r. I ~•~„irr ~h,~~l r~•f.•:~..• {i~~rn~ie~•r fn,~n .~il "}~fi~:.~h„n~ ur~l~•rthi. ~l~~rtk:~~;r:~n~f ttec- \~~(r. If Lrn~l~•r ~•xrrri:.•. ,u~ h~~pti~~n t~~ :n ~ ~~1~•r:~t~ . I.~•~:~1~•r ~h:,li tn.~~1 It~~rr~,w~•r n~~ti, r~~f ac~-rl~•r.~hun in :~~~r~~n1:~n~•r witli E~:~r.~~:r:~~~i~ i i h~•nr~t. ~urh nntn v.1i.~ll F,r~•~ ~rl~ :~ p~•n~Nl ~~t n~~i I~•:=. tl!:~n :i~ ~ d.~e. fr~~m ti~~•~i,it~• th~• n~ ~u~ ~~ i. tt.:e~i~vi ~eithin «}~ich li~jrr~~~r~•rm:~c ~~:~~~ th~•.un» dt~•iar~d 1u~•. ti IS~~rr~~tie~•r f:i~l. t~~ p:~~ .ui h..urr~. E~n~,r t~~ th~• ,•~~ur.~U~,c~ ~,r ~u~ h{.~•rn„l. 1.~•r:r}~•r ~n~~>~. «sth~~ui (urthrr r:~~U~ ~• ~~r ~1rm:~iid nn I;e~rr~,wrr. n~~~k~•:~n~ r~•rn~•~ii~•. ~,~•n.n~t:~Y! i~~~ ;,:ir.a;;r,~~:h !+ hrr~~~~f IK. :l~•c~•It~rtition; N~•mrdi~•ti. M:xi•rpt as pnn•idi•d in pair:~Kr:~ph 17 hi•riyrf. upon K~-rro«•er's brrach ~-f am• roc~•ni~nt or .~~r~•~~ment uf Rurr~~~~-~~r in thi~ ~1ur1~;:~K~•, in~•ludinK th~~ c~~v~•n.uri~ tu ptic ~~~hi•n du~•:+m- ~ums:+~•rur~•d by this ~turtKuKt•, Lender F,ri~-r tcr aceeli•rsit iun tihi~ II mail not ic~~ tu Burru~a-~~r .-ti pr~.vedi•d in p~~ rakra~ph 1•i her~•of specifciny;: l l I th~• breach; I'll th~• Hcti~-n n•yuired to cure tiuch br~•au•h; f31 ~~ d.~t~~, nut !e~.. th.~n 31- daiy~ from th~• d:stt• th~~ nutic~• i~ mail~~d tt~ KurroH•er, b~- whirh such hrt•ach must br c•un•d; s+nd 111 th:it f:~iluri• t~r cur~~ ~;u~•h br~•uch ~~n ~-r 1-ef~~m tfi• dtitc~ tipeeifi~•d in thi• notice may retiult in .~i~cele•ratiun uf the• tiumti s~•rur~•d 1-y thiv ~turty;:~~;~•, fumi•lusur~• by judicial pruc~•c~dinK and sali~of the• I'ropt•rt~•.Th~• notic~• ~hs+ll furth~~r inform Rurrc~w~i•r of thi• ri~;ht t~i rt~inst.+t~~ z~Rer t~cec~lrratiun sinel th~~ riKht t~- atiti~~rt in th~• f~~rec•luyure pr~x•~~~~ding tF.~ nun-~~xist~•nce• of s~ d~•f:iult ur am~ otht~r di~G•n~i~ uf Rorruw~•r to acce•leratiun and f~-r~~clutiur~~. If th~• hn•:~ch i~ nut cur~til on or I~i•funr th~~ date sa~~cifii•d in th~• n~-tii•~•, L~•nder :~t I.t~nd~•r'~ upti~-n msiy rc•~•lare all of th~• sumti tieYVr~•d by this 11urtKaK~• tu iN• immc°di:~t~•Ir duc• and p.~yal-I~• w~ithuut furth~~rd~•m:md:ind ma~• f~~r~•i•lo.i~ thi~ ~1urlKage b~• jutiii•ial prur~•~~dinK. L~~ndi~r shs~U h~• ~~ntitl~•d to i•ull~•~•t in .u~•h prv-E•~•~~dinK all ~•xp~•nti~~ti uf f~~r~•~•lu~un•. in~•ludinK. but nut limit~•d tn, r~~usunabi~• .~tturn~~~~'s f~•.~~, and ~ nsh uf dui•umi•nt:~n• i•vidc~nr~~, :~btitrarts :~nd titlr r~•p~~rt~. 1'~ RorruK•~•r'xlZiKht to R~~intitt~U•. \~~r~cithtitanrl~n~ 1~•n~1~•r's:u•r.•Irs.~ti~~ni~fth~•.um~~Frun~1 b~•thiti ~lurtkay;~•.Iturruwt•rsh:il! h:~~~r th~~ n~;ht tn ha~~~• nnt• pr~~re~•din~;. fN•~;un h~~ I.e•n~i~•r t~~ e•nfnn e• thi. ~1nrt~;:lj ~"lII~C~~IlI1flUfYI at an~- time pnurtnenln•~~r.~ ~~,~.i~:~~,~•~e.~nf„rcin~; thic ~1~~rt~;:~~;~• if: i:u Fiurr~~w~~•r i~:~~•. 1~•nd~•r ali .um~ Kh~~-h wnul~l hF~ th~•n du~• ~n~l~•r th~s 11urt~;aKe•, the \«~tf•:~n~) n:~t~~~ ti~tivnn~; F'uture :1d~~anre•+, if ~~nr, h:~d nu au•ci•!t•r.~U~ ~n uccurral: ~ h~ 1i~~rrnw•e•r ~ ure~.:~l I hn•ach~•~ nf any~ utht•r ~•~ ~vrn::nts ur aKrf~•ment~ nf Fiurrnw•F•r rnnt:nntYl in this ~1nrt~;a~;~•: :~•i f~~~rr~~~~rr p:r:. aill n•a.~inal~l~~ ~~~{H•n~~~~ ~nrurnKl h>~ 1~•nd~~r in t~nfur~•in~; th~~ ~•n~~en<inl.~ :ind .i~;nrmrnt~ ~~f I:umiw~rr cunttiirtrd in this ~tnrty;:~~;e• :~nd in ~•nfurcinK I.e•nde•r'ti re~m~~~1i~•~ :,s prn~•u1~•~i in para~;raE~h tx hf•nY~f, in~~ludinK. hu: n+~t l:mit~Y1 tr,. reasonable .+tturnf•r'x fc•r~: and ~d~ liiirruut•r t:~k~•s ~uc~h :.ctinn as (.~•ndf~r m:i>• n:iti~mahlc rt•quirf• tn a~~ure~that th~~ lii~n nf thi~ ~1~~r[ka~;r•, I,~•ndc~r~s int~~rer;t ~n thr Pru~N•rt~~ and 1t~~rrnw~~r~~ nhli~;:~t~~~n tu pa~• thr.ums .~•~•ur~•d b~• t!~~~ 11~~rt~;:~k~•.hull ~•~~nt~nur unimp:iir~•d l'{Nm ~uch p:ryme~nt:~nd cure I/~' F~~rfUN'Pr, ttiis ~1nrtK:~kf• and tt~c ~,:~li~;:lt~nn. n~~c•unYi ht•rt•ht~ ~hall r~•m:iin in full f~~rcr and ~•ffrct :i+ if n~~ ai•c•~~ie~r:~uon had ~K•curn~l. ''11_ A!~signm~•nt uf R~•ntti;.~pp~~inlment of Rec~=iver.:~s :,~i~i~e~„nal tierurit}• he~rcunrl~•r. li~,rr~~w•t•r here•b~ ,~~siKns G~ i.~~nderthe rent~ uf the I'ruperty, pr~~~•id~~d that I;orr~~w~~r tihall, pnnr t~~ a~~~-t•I~•ratinn und~~r paraKr:iph IK h~•r~r~f~~rab:~nrlnn~nenl nfth~~ ('ru~~rt~•, h.ivF•theri~ht r.~~ culiect cind rt•t:+in suc~h rent:: :~s the~• heK nm~• du~• .~nd p:iy~:ihli•. l'~~n acc~•le•r:~tinn undrr par.~Kraph Ix hen~nf ur ab:~nd~~nm~•nt ~~f th~• 1'nrpe•rty. 1~•nde•r titi:~ll hf• t•nhtl~rl t~~ h:~~•~• a re~~ri~•~•r apEr~intc~l h}•.t ~•nurt to i•nter uW~n. lakc~ ~-N~ss~•.si~m uf :~nd m.in:~~;e~ Ihe• Pr~~pf~rty and t~r cullcY•t th~ rt•r.t~ti nf iht• f'rnpert}•, ~ncludinK thutie past dut•. All re~nt~ i•nlltrted hy th~• reti•F•iv~•r ~hall !x• .~pplicd fir~t to pa}•ment nf thc• ~•nst~ uf m.in:+Keinrnt uf tht• Yr~~pc~rtt :u~d cnlle~c~tiun of rents, includinK, hut ~~o! i~nuti~cl tu, nK•ri~•~•r's fr~•s. pn•miurn~ „n r~Y-f'i~er~s bumlti ;~nd n•ati~~n.ibl~• :~unrne•y'. f~~e•s, and th~•n tn tht• sum~ s~rurc~d bp this 11urtKa~;e.1'hr rt~cf•i~~~•r sh:.li 1x• li:ible tu ac•~ti~unt unl~• f~~r th~~,f• rc•nt~ :+ctuall~• re•c~•i~~~rl. ~~-: ~; 351 ~~~r ~085