Loading...
HomeMy WebLinkAbout0935 1 l.end~r's ~nttrn aFrcrmrnt a~~~l:~.~hic I~~~ kio«uwr~ shall pay thr am.~unt of al{ mortgage insurance premiums in the manncr pr~~v~~SrJ under pa~.:graph Z hrr~of. , - ~ti . Am' ani:,unte ~li~hu?sr.i by I cnc+~r {~ui.u~nt t~, tiiis par:+gra~h+ l.i r~~th ~n~~r+~~, ~treon. ahall t+~c~~me additianal inseht~dnr.~ ~~f H~xri~H~r ~e.u+~d M th~. ~ii~rt~;.~ge. L?nle,s Borrow~'~'J'~i] 1 rnJcr agrcr to other tern~t c~f payment, such antounts ~hal! tx pa~ahle up~~it noti~c f~unt [~ndcr t~~ B~~rr~~wer rey~ic~ting pa~~mcnt ~hrrec~f, and sh;d', Fe:ar intrreu from the date of di:hursemcnt at the rate p:~~•ahle (r.~m time to time on outstanding principal under the N~~te ~~lecc Qaymenc of interrst at such rate •.~uulJ be ~~~ntrar+~ t~~ applicable l~w, in whi~h event tuch amounts shall bear interest at ihe highest tate permissible under applicahl~ law '~.~thing contained in this paragra{~h 7 chall require Lender to incur any expense or take any action horeunder. 8. Inspection. t cr~~irr ma~ maR~ ~~r .:~i»e t.~ he made rea.nnahle entcic~ upon and inspe:ti:.nc of the Property, pro~•ided that i.ender ,hall giti•e R.~rroti~~r r.oiice ~~ric.r to an~~ such ins~ction ~prri(ying r~asonable rau~e thereior related to I.ender's inletrst in the Pr~}x tty. 9. Condemnatk~n. The rr.~,rid. of an}• a~ard or cla;m for dan~ages, direct :~r c.~nsequential, in connection ~+ith any ion~3emnatiun or oth~r ta~,ing ~~f the Pn~pcr!y, ~~r part thereof, or for c.~nveyance in liru of cz~ndemnation, are hcteby assigntd ar~i shall hc paid t~ ~ rnd.: ?n th~ «~nl c~f :S t.~ia4 ta1.±ti~k i~~ !he Prn~•crt}. th. pm:~e~1c .hal1 tx applird ti~ Ihe ~~ims secured.by thi~ '~;ertg3ge. H•ith the c~:e+s, if ~n~ ~.~~d t~~ S.~ri~•~.~r In th~ e~•~nt of 3~13fU1I tal.snK .~f thc Propert}~, un{eia Borroatr and I_en3er .~then~i.e agree i~; unt~nk thrrc Shal+ t~ ~p~lied te~ the +umt .zcureJ b~• this Mortgage such ~ro}xxtion ~f the proceedt - 35 is ey~i.~l Io Ihat pr.,~.~rti~~ii ~~t~i.h thi :im~xmt i~( the Sumt .e~urrd M thi~ ~lortgage immcdiatel~ ~rio[. to 1}t~ ~~3IC Of ta~;+ng tx:srs t~~ thc fair ~ti}ask~t ~alu~ uf thr Pr~~~rt~ immed~a~clp ~r~c~r to thc .iatc of tai~ing, with the balancc .~f the rc~ceeds paid t,~ Borr~~~er. Y.l F"~•~ If the Prnpert}~ i: :,hsndnnr~i b~• B~~rr~n~~r. .~r if. after notice h}• I.cnder to Borro~~~er that the condemnor ofitn to make an ~u,ird ~~r :ettte a.-i.:~m f,~r ~lan~.~:;r,. B.~rrower fail. to res~~nd t~~ l cnder w~ithin 30 da~~ af~er the date su.^h notice is mi~leu. [.entier iti authorir~d tti~ ~~~14c.t as~d appl~~ thc pmc~rds, at t.en~er'c ~~~+tion. e~ther to reci~ration ~r repair of the Propi~rl~' ur !c Ihe ~;;;n, ~~.uri.1 h~ thi~ ~fortkagc. ('nle+~ [ rit.trr .~nd R~~.,-:~~~c~ c~therHi~r aeree in «rilint~. arz) ,~,i~h .,p~li..ui.in pr:~,eed~ t~~ principal thall not extend or p.~.~E,~,nc thr .'.uc .l.,~e .~f thr :n~~~~~hl~ inst~llm~nt~ rtf~;rcd to i~i p~raKraph~ I and hereof .~r change the amnunt of t~~h ~ti~t:tllsitcntc 10. Borrower tiut Rc1~3.cd. F~=.erzs~c~n of the t~me for pa~n~rnt or modiftratwn of amortrzation :~f the sumt secured Ihc~ ~~i~rt~a~c ~f.~nt:i{ h'. 1 ini'.rr t~` ln~' tiUCCtsxyf if) tnlCi~til ~~f Borrower shall no~ nperate to release, in 3lSy manner. lFlt :f't~tt\ i~! !fli :`~I_'~i'a' ~:'t`~~t+~'~ ;~t+] R~~rr~~wer~+ tU~:c»~~~~ ~ft If?lCfC~t ~.C(~(~2f shall T10i be reyuired ~O commence pr.trr.iin~. .~~.<<<:~t ~.:.h r s~iu,r u~ e<trnd sim~ fi~r ~;1~f11tI11 ur other~iu m~~.iify am~*tization ~~f the sums ~c~ur~:; hti thi, !11,,r*: : , r. .~t .~n} ~i;:m.+~::i madc h~ thr ~~riti;nal f3~>rr.~:arr ~nd B~uro~?•~r's ~u~~ecs~~~: irt inte[tst. 11. Fotbe:~t,utcr E» i.end~•r t~~r a 1~~uice~. •1i~~ f,~~hearari:c n~ 1 tndrr in ~t~rci~fn~ am rignt ur remrdy heret~nder. or ~~the~ntii;e :~ti~„~!r.i h; ,h:~ll ~,,t he a wai~tr rt c~; preclude th~ e~c;cise ~~f ans such rigi~t nr remed}'- , Th: {~rn; ~.ir~~ncr~r ~ r;:,,; :.u~: _~~r t~r t~a~ snc~:t :,i ~.,~r, ,•r rthrr i~es~. ~~r .hat?,<< ht 1.ender tfiall not t~c: 3 waivrr c~f I.Cnder s illtli I~' :~::i~t'!:~'i IhC :!t::';:r:.'. ,.c ~t.: iii.=~~~4~' ~tii~.~ ~L:Ufiij ~C I}l;~ ~iOfl~3t;C 12. Rrmrdirs ('iun.~l:~ti~c. :1l1 rcmr;?:e: }~n•~id~d ~n tt;i; ~Snrt~;:+g~ ~rc diitir.ct arJ .:imul:a,iti'~ to an~' c.:her right or remr:?~- ;,r~,:cr :h:. ~f~•r~~.:,•~ .~;~tT.~::fi~ ,i t~~~ 1au ,~r .q~~i:~. .~~~J n~ h~ e~erci,rd runcurr~ntl~~, indeE~~r.dentl~~ or successivel}'- 13. Su~•~r~~or. a~ui ~~.i~;n. B~~ns+d; loint snci S.~era1 I iahi4ih; (~:~ptiouti. T~r :c~venar.i, .ar.d agreemcnt. herein :t"7I3Ittt'~~ ~'t.t!~ hi;,~,;. ..it~.:^~jCf ?E'.:t1~ ~11i!:c ii~+ I}'~c' Se'.E'~~SI~C il~~:~~~»i~:•~ :iilij aS~:~'fN l~f I.C!l.ier and Borrow•er, ,uhi~c; t;~ n~ ;:r.,~~,~:,.-i, . : :~.~r._,;.:.::h . }i:~rr,~f. _o.~~:;,~i:h ar„'. .i~n~rm~ntti .,f E3„rn~v:er ~hall be i~~irtt a~~d s~~eral. ~1c ~:~~h~•~1~ _~1'~~t ~..1~,,. :}~c ~':iF.,i.:r;i: ~~.F l}t:~ »~•;t`.f:!c 3fC t~'~r crn~~rnicn~e ~~il~\' i~[~~~ dtY T~~~l t0 Fk: USC(~ IC ~ntrrpret ~~r cir!i,~r ~hr ~~,~i:,~..ci, hr~c~~t . . ~J. ~uhcP. ~'-~,C~; " r-- .t~`:' ni~!i:~ rcy~~i~~;~ ti~li~~* ~Ii3h~Q ~dti~ (t~ be gi~•en i[t a~c,ther manrer. !a) an}• notice i0 H:rrs,•Her t~:~`~.~~e,l r~•~ ,!ri. V~~;~~:i~e .h,,il t!~.'n F~ m:iilin~~ .,~~h n~,~ice hv ~ertified maii addre;ud tu Bc.rie~wer at ih~ i't~~~rr.~ :~:i.~rc~•. •:.h ~?;f~r. .~~f~fri•. e, 8,~rr,~'~-r m.i~' cjC•i~'t;.~(~ b~' n~~ti:e ~ti i cn~er as E,r~r:ielcd herein. and Ih! a~~', nc,ts.e, ,t, 1~. ,-c !-~t ,r~z~f~.t :;~.~i! :c'.,~rn t~:~:~~t sey:~e.4ed. tv 1 tnder'~ ad;4te.s statcd hc'tetn or to .u.h; , t!,..r _~.?Lr: r.._, ;n:r. ;.,i~~!3tc h~ nrii.r t~~ B~;rr;n~cr 3: pr~~tii~l«i hrrr;~~. -\n}~ n~~ti~r pru~~i.ied Tor in this ~'{i~f.~;.f2C ~}..:i~ ;~C ~.~c~i?]~:{ f ~ ~:.i~.t' _ltiCf~ ?:7 Hi'•~~•`.~~! : ~ ~ i'f?G~Cr '•l}l~[1 l:l~fl l~i 1~'1C rt~.,~iner dc~:gnated hcrcin. 15. (~~~if~~;ni ~1+~n~;:+~~.. {:c~~~~rnin~; I.a.+: 1e~erabiiit~. l h~. f„rm ~~f mortgage ~.~mhi;~es tiniform :~~~enant~ for ~at~onal :IS~ ,.t~~~ fl•:.`~~-t:!?;!, ~ •'A~t~: !:R:iiCil ta*i.:hi`il, ,'.IC;~~.~•.~!i~~i 2~l ::ciIISi!iU~C 3 iSRlfOfiS? Sll'11T11~" Ifl~~ifUfflt'Tl~ CO~CitOg re.~i pr.,~.:.~rt~. 1~~r- _ t~~ z~~~er~~._.: ;hc iuri.~f~;t~~~n in u~hieh ~he Pr~~prrt~ « lck.atrd in the t'.~:t~l! I~.iI 1' • ~ ~ . . ~t.... _ ~ , i~:! . ~~~~r!i', iC ih~_ ~ 'it' . ~~fl:~f.:` ..1'.tt .t: ~~li:+tl{l' ~3~A, Sliifi ~M;~~iit ~fl:l~~ f10~ 3ffCC~ ,.tt;~r \S. , , , ~ !i '~ti}n~+~ ~~~:tt e.'~::! ticiihnut thC ~i.~n'.li:!ing Drcni:i~~n. an~ I~~ thiS , cr~l i`i~ , ~r z_ :r-,~~ .t.~ \:,t: ,~(e + ~la~eu , ~`t .'.~'e~£.hle i 1(D. Bulru~tr!'? ~ E~ . •til,~'.1 'UttL a . ;it.~sP:CCj C:~j~•• ~~i t~t~ ~i~!t .iS:~~ ~?f 1h[i ~tOtt~;:=QC Efl !he UR1C j ' ~',e.....~r r : `.:'i,.h ~ ~ ~~.,1Tr365~Pi~ctErt~;i'~~fv~~'llt: 1~~ump~in~. {t d~~ .t^'. :'.tfT i~i 'Rt F'C~~('~!C~' c~r .tTl ~tltrftCi 1h~rC~.'1 1C .~~'d ~r transferred h} B~~:~, .•cr . ! ~ ~,~r'. , , . _.,,,•~r.~. e~~:,.'~n< <.u ;h_~ cr~.~ti.~~ ut a lien :~r ~n.umhr.~nce suhnr.i,nate to ~ I~7~~ 11a' .o~ - . . . . . . ~t?;~!'~`. .,~•!i'fi:( i~~; ~t:'I~~F~,.!.~ aj~~•~'_IR~C~. (::1 1f3f1:iC~ h\' ljZV15C. ; ~j!'~.:~n~ . ,`i,~ , . . . ~ t, „r,..,. ~~I 'i t~^:~P.' , . i.~~ ?hc' ~f3nl ~~t .;ti~ ~:'eiCht~~d iflf~fdtil thr~e :'t1lS l~~ ICSS . ; ~},~r :_.,~at.,~•-; , , ...F,.~,_•. 1 :~:~;r m.,~: l.rr.drr'~ ~,r~t:~~n. ~1c~~lare ~!i th~ ,um~ u~ured hv thit ~tortgage to be , f m~tlr,1 r.~ c~ C . ~:~F: .li ~ ~:~.h l~.~r~ t:• a~~C}«.~Ic' it. y^.nrC t~~ th£ tia1C uf [;ansfer. I.enJer E .fl~~t 1f`:,` .ttf~.-,r' .~~t . f. ~,.c+~~.~ uf I".i~~>1~[(t'~ ~~'::iFl .tk:fCtlTSL'f1I IFl Ur:lillE i}t31 1}1C CfCijll Of ~uth ~.erson i ~;,r.;f; .r~.•r: ~ ~ 1 ~ ~ ~i ;t,.. ~nt.~:.t ~.,•..,h!r rr~ thr ,~ir:i, .c~:ired h~ !hi: tlurl:age ;hal! he at such rate at Lender f i! ~f ~ i`-. . ti`.:~ 1..i5. -n• ~ t ":I~~l''C':1~ (~I:•~l~~Ctj ill liltS ~`ei.1L'fdrfl 2'!. ~Illi IY n~~ffOR~t'f~~ SU~CfSSC1[ Ifl ~ .,t,~,~ ~~n r,c n.,, ~~~r.i:ni a~:~~~~d in Nn;ing h}' I.en~ier. Lender shal! relca~e Borrower from a(E ~ ~,hli:r.,t , ,h:. ~~~d ttrc ~ntr ~ T! j ~!..1c•; ~ f•~ Ct~.,.CIC[.~'C. ~ C.•~.C• ~•!;.ili ;li;+ti ~~~f[C`u~f i?0[I~E.` t~f a~celerat~e~n :(1 d~~O~t~3Y}CC ~4'If}1 ~ ~i; r.st;t j t: ~ r~t C t e,~~ t,~~cn{r ~it~ril ;~~~1 k~~~ th,jn ~(1 ila)"~ ftottl ih~ d:~le ihe ?tuti:e ts maited w•ithin 4 '.~~';.tl ~~~r Y~_ ..I~'~ tjci'. ,i~t c~tt:' ~2 (~~`rrn••i~'f 2d~l• ;n ~~:11' \U:}t ~i'f~l~ ~ffli)f :tl ttlC C\~iC:i(ipR t~~ SUCft PCiiild. E Lrr~~i., • .:t _ .c ~r ~;~n~ac:d . . ttn•r.,~acr. ~rt~t~l~.e am r~.••~edies ~.ermt(!e,i hc paragraph IR hereof. ~ L~.^:'~?nf .io_ CC,o_'E r.~:E ~_:(?C >O Cild^C:C• Ott'i°C IG~31 LQ~TS anc: t0 CE'C;uire ; pi:".:~:?t __1 :3:~' .~_:j 1~ C~':es±. 1 i'~, a'-. 1~•.'- ~~.t~l~ Cf tilf:flC~ ~:i~~Cil:till :ifl(~ 3Q(l'E dS fO~~i)l4'S: ~ ~i~'.-: \ i ~ir (i.`'N~C( .:fil. ~ f 18. :~:ceterasion; He~i~~•iiie•. E~cept :ts pro.ided in pa~aRruph 17 i~ereoi, upon Borro~+er's bretich of any co~enan! or ; a~rrrment af Korrower ~n [hi: VortRa~e, includiRR the co~en~ntt to pa} when dut any wms stcured by this vlurtgage. Lendtr prior t~ acceieration shall rnc+i! nu~icr to 8orreHer as pro~ided 'en paragraph 14 hereof speeifqing: (1) tbe brearh; (2i the action required ro cure .uch bre:~ch: i3) a date, not IYCS Ihan 30 datis from Ihe date the notice is m~iled to Borrower, by which such ~ bre:~cfi must be cured: and t3? that faiture tn cure such breach on or Aeiore the date spec'died in the ootiee may ttsult in ' acceleration c~f the wm~ securesl bc this ~tort~a~e, foreclosure br judici~l pr~~ceedinR and e~ie of tht Property. 'Ilu notict shatl further inform 8orru.+er nf the ri~;ht tn rcinstate afler acrderatian ~nd thr ri~ht to assert in the foreclosurc pmcetding the non•exc+lence af a default ur an~ olher defense of Borrower to acceleration and foreclosure. If ihe brtach is aot cattd og ar beEase che date ~ fecihrd in the notice, (.ender at Lender's uption ma~• declare ali of the sums secured by this Movlgage to be ! immedi.tely dur and pa}ablr Nithout furiher +1em~nd and mzy foreclose this MortqaRe b} ~udicial pto~teding. Lendtr sha$ Fse entiUed tu collect ~n cuch pr«•eedin~ a!! expenses of forPClosurc, includ'+ng, but not Gmittd to, reasonable anorrxp'a ftts, i ~nd cuylti of doc~ment.~n r?idence, atnt~cl~ ~nd Iitlr repoHs. ; 14. Bs,rrs,v?er's RiRht in Steinst~te. ti+~t~~th>tanding I_eiiJer'. acceierahon of the~sums tiecured by this Mortgage, ~ ROif:~~ueC Sh3:i l~d`.C i~t i~f'fII i;> ~?e~C :fTl} ~~:\k.e~ill~~ t~C~ll(1 h~ L~nder tc~ CQfi~(C2 2~111 ~~rtgage d~s.ontirwed al any time ' . v~ ~n - , - - ~ . ao4K~ rv PbGE H L ,