Loading...
HomeMy WebLinkAbout0982 ' ' , . _ ~ ~ . •j~'\ . . ~ ~`l~ r ~ Lendrr's wnt~en agrccmrnt or appiic:ih!e L~H B~~r« ~~rr ~hall pa~• ihr .,n~„uni n! :~II mon~age inwrance premiums in tho " mannrr prov,d~d wider paragraph ~ h~reuf An~• amountt disbiused by I rn~ler pur~uant t~~ this paragr.~ph 7, w ~th intr~~st ttitrcon. shalt ~xc~~me add~tional in:irhtednrs< <~f Borr.~HCr ucured h~ thi~ ~1~~rti.~~;r I'nk.. Rrrrr•.~rr :,n.f 1 rn~i~r .~errr I~i~other terms of nayment, ~uch arnuunth ~hall tx p~~•ahic up~~n n~ui;e fr~~m ( r~drr ~r B,~rr.~•.~~r rr::ur;~in~ ~~.,~m.•nt therr~~f. anti ~ha:C tkar int~rc~t fmm !hc ~ date of di~hunement at the ratr pa~ahl~ fr~~in tim~ t,~ timc ~~n outsi;,ndin~ ~r~nci~al unde[' ihq„~'ute unlec~ payment of ; interest at su.h rate woul~t br rantran t~~ ,~ppl~:ahle l,~u. in ~~hirh r~rnt su.h .,m;~unt~ ~h;~ll`[icar intcrect at thC higf~est ratt = permissihle under appLrable la~ T~~HhinK c~~nl:iinc.l ~n thi, E,arae~aph ' th.~ll r~yuin 1 ~nd.~r,tU in~ut anp,e[~tnst or lake any action hereu~der. - 8. Inspection. 1_ender m3r m:~l.~ or ..n~~r to hi m.l~lc ~e~~~n~hlc rrftrie: ,~~~.~n .:ncl in~pectr~n.~~~f~}S'~nro~•ided ; that Lcniler tihall givi H~~rruHer n~~tiie ~ri~~r t~ ans ui~h m~~z~t~~~n ~r~~.i(~~n~ r~ac;,nahlr r.u~ce th ~f~atc~ 1_ender's ~ intzrest in the Prupert~~. ~ _ ~ Condrmnalion. The ~f+~~Cc'(~~ (~f ,im• a.~:,rd ~~C :~JtRI ~i~f (~;ln11C~~. c~tftCt i~f :~~n.._yii~ntial. in :onne~tion with an}' condtmnati~~n or other tal,inc ~tif thc Prr4.ert}. rr ~art thrrr,~t. ~~r fe~r i~~n~~~an~e in liru c~f ~~~ndcmnatiun, are hereby acsigned and shal) be paid to I.ender. ~ ln thr evcm of a.otal t~~.ine ~,f thc Pr~~~~rn~ !h~• ,~~~~~r~~l, ~hall ~x .,~}~~l:r;i n~ !hc ~i~m. kcured by ihis Mortgaae. ~ with !hc c~re,s. if an}' ~+~id t~~ Horr~~~~~~: In r~~~ ~•~~•~t ~~f a r.irtial t.~1.in~ ;~f thr Pmr~rt~~ iinlccc BorrAH•er and Lender + o~herWi;e a~;rcc in w•ritin~.-lhere shall hc a~~~l~cd n~ ,hr ~umc .er~~r~,l M th,. ~t~~rica.e .i~,h proportion ~:~f the proceeds as is equal to that nr.~p.~rtie+n which the .~ni~~:;•u ~~f !h~ ,um. .~~,~~r~d h~ th;. ~t~~rt,~.~tc immrdiatel~• pri~~r to th~ date Of ~ takin~ Fxars ta the fair markc~t ~•aluc c?~ th.• Pn~~+rr~ •~m;,i~~f;,,t~f~ ~~ri,~~ ;r thr J;~tc rf ;,il,~n,~. ~~ith ~he h~lance i?f the proceeds ~ paid ~o Aorrower. ` . , ~ If the Propert~• i~ ,~h~ndi~ne~l ht A.~rr.~•.~~r ,~r ~f ,,ft~r n,~iice h~ 1 e~i.1i•r B~~rn~Hrr that Ihc ;~~ndemni?r offers M mFkt ' ~n :iw',~td Or ~ettl~ ;t ~I~im fe~r .I.~rn.,~~~ B,~rr:~urr f.ti1. t,~ r~:~h~nd f~~ I rri~ler ~:ilhin d~~~ after the d:~le SuCh r10ItCe ii i mailed. I.endrr i: auth~~rirrd tr rolle~t and a~rf} !hr ~r;~~crd, at I.cnJcr'. ~~~tion. e~ther t~~ rectoration ~r 'iepair of the PfOperty or to the sum. .eciirc.l h~ thi~ 11i+rtc;eec Unles~ Len.lrr ,ind Born•ti:,-; ~~th~n~~~r ,iere~ ;n ri;i, ~:in~. ..~;h .~:-,~'•i..~tirn c~f `r.~c~•cdc t~~ ~rin~i~il shall not exttnd i or postpone the dIIC ~j:2!C i`f (~1C (T1~~;;1f'i\ ~71~t::~~R1C(ll~,~~ji'1(i~:~ l~~ i:? ~~:1f3tif.~'~}:. ~.1'i1j ~ h~rc~~f ni CF:IF1Lt lflt' 3IT101111I Of i such inctallmcr.tc S IR. BOrtoKer :Vot Releaced. F=~Ierc:~~~i ,~f thc t~;~_• fr; ~•,i~m;n! „r ntn;ii~_ ~~i~~ ~+t .+m,~rt+~ation ~~f the :;~mc secured I h}~ ttit? tii~ftiel'~' l•~,t!?Ic';~ h~ ~ rn:~C~ Ir ~nt .ui~....~, r•i1r:c~.r ~~t H,~rr;~~~.~C~ r:~! ,~rC~,itr i.~ [C~Csi~. iil any~ manncr. ' !he i~3b~lit~ tnr <~ri~~n:~': Brr;~~.+~r .snd f3:~rn~t,~r'~ ,:..~..,~r. i~~trre.~ I.cn<trr ~.ha11 nc~t hi- reqiiireJ t:~ comme~ ce prck;ec~li~~g~ ~~.ttllii ~!iCfl tii1~~~U~K .`I (~~!:.C t\1C:~,~ i:(Ili ~t+l ~'-.t\'[11Cf11 IV pl}l:(1~I~C fll~~ijll~ :ffTlVflll:lU011 Pf the S11R15 ~eitir~d h~ ihi~ !11nrt~at:r h~ !e::.,~n .~.:nt ~1t:t~.~r,;l r~i.i:1: h~ thr ~~ri~inal R~ir;~ :.cr ~t::~ Bt~rr~~wC!'s ~t:CC~s~.~ft tn tniCrect. 11. F~rbearance b} Lender \~~t,:l ~~J11Cf. -t~~.r.~:,,, F~. 1 ~^dcr in c'•c,-_'r.;n,~ .~,i~ .•ic1;t retnedv hrreimdcr. or ~~thetu•i,e a!F,~r~ar~! h~ ;~p~,i..~^~~ ! .h.~l' . c ,;+i~ , . ~rr:'t:•:ie 'h~ ~l.e•..~r ,~f .~n~. .u:4~ ri~h1 ~~r !e~tedv. Th~ ~~ru.,.rrmrrtt ,~t in...r.ir~:c ,r t~e ;~.~~.n~; _ ~ ~ . . nr :~;.ir_r• h~ i .nd~~r `~.~i! ~.,~r I,r ~.~.>>~.:r c~~ 1 cn:let~t righS l.~ :li:Ci~7.~~~ Iy1C fildl+l~!1'. .i( r/. ~ ifl:!Cf". ~1~`, . . h~, •l,~ •.tT:ir('_.tni, 12. Rentedies Cumulatici•. ~~1~ irR1~i1~C~ ~~t~ ~'i~'~Ct~•in :F;i•. A~f~ft~:i_~ :vi tlr.hn~ t .:nil ;~.';1!il,~tlvC << .,:i~ ~ nt~}•t ni if!I]c.~L .U?i1~~ ~1Ut'.g f_c' . . ;s!T,•r.i~.l h~. . . , . i?t.~`. ;f: , ~ _ ~c';~t~t ..;C~, ~~.:'~C~ifti•'~\ 13. Successor~ and .~»i~m Buuiid: Juint :md tic~cral 1 i:~n~i~~~;, e•:,~~~~„~.. , ri~: :,~~:~..ir~t, `::;e~+, ,~;renzertt~ hcrein ti~nia+ne:t ~ha11 t~ir.d. :~r,c! th ri~h,~, t, ~ , ' . . ,c . F r ~ rr~,j .h~~' , t . - :i,. ~ , 1 i~- ~~~d A~~rr.~..er. suhiect the pm.ici~ n. r' ~ ar.,Lr.~t,f. ~ . . ' _ ..,•m;,,;. Rr.~:,~.~~•r sh•~P ~nd ~c~erai . The ca{~hont and hea~#ine, ~~f the {~;r , ~t i~ \1. ~ . , . :~~men+r~:r ,~nlc .~r:;~ ,~n. he ,,.Cd to mtrr~r~t ~,r d~finr r'r~r F~:~,~;.i,•n. hr;•,•~•t la. \ntice. F~:~~t <<~r :~nt ~i,• . _ . . _ ~ ' • , . . .i~ ~r m:~n~ i, ,~n~' 'lnttic tf1 ~ ( :.t';: ~'I.tii ill' :{1 :`L :{l.i~~ll'..~ .t~.~ 1: t t [3:,;:,,~rr nr,.~~~ded t„r .n .-i. ~t~,;t , " . ~~rel r~i.~il .,ci.ir~, ;~t R~,r[.~t?er at shr Pr~~~,~rt} :1.jdr~., ~~r ::t , , ,1t1• ~ }i , , r~;.f. , i,}c ~ ~:~reir. ::mi ; (b) ati~ rt~•tii~' I~~ 1 ~•ntlrr ~.h.u 1 ~ . ...:t . . . ~ . . I, „ . . . . . . . . . , t~.. : dCj :~i.. ~!eft':~ }lcfctn ~;r M ~ ~ ~ _ . . . , I st:cn ~thtr a.!dreti, .a~ 1 cndcr ~ .i i . . . ' ~ nr~`i_: ~d~,! „~r :n tt~i~ A1oclg.igt tihetl ~ ~Iecnt~d t~~ t.t: ~ _ _ . . i? , i t_~i t tE~, ' ~ ~ ' i' rl'J:i%~C' .~!`.i~r?ai~ •.Cr~ltY. ~ 15. L'nifnrm ~TortKa~;e: (;~vrrnin~ I tir~rr:fbilil~. ' ~ r• , h , f,. , . ; 4 n: ,_i ~rr; i; ;r~. rn~ ~~t~ .•r ntst~, r~al k t!SC an.f n~~r~-unif.~rm it`~~il... ~ `.i~ , ~.1[,.uN'.'~ f~: .,~.d~. ~ ~ t . ~ : . -1 I. . • ~ ~~•l~tClfiil t~ ~'~~!T~~/tteiti c,~•:crm,~ i real pr,~, ert~ "fh~. ~1.~rl: ~g~ i _.c~n~i1 F~. itit: t: . ~ u~it.h (~iL:~:'.`P~rt` ~ i;,~ai~tl In tite i even~t that dl~~ E~fi~b~SK)Il C~f L~a , ~r ~t~~ll~.;~C~~•. ~\•C ~tl ~i I.I: l~~ 3~ ,~~;:~~{'ri:~:~~ ~ t.h ;i~.~Pr~e ..hd~~ l1C~( ~ITC~f f n!her~pr.~~isir.n; oI thi~ '~1~,r;_ . , \~tr •.1! '~c.. r~' .'h• t~; r?i . ~ . . ' ' .~t ~r. ,1 .i ~ tt,,,pt:,' •1~ ; - :~.^,~1 t~ ihis ' end thc prn~i>i~~n~ ~f the ~t.~rt_~.~~r : \.~te ,~r~ tN:.'.:~ed tr hL ~~~.e-ah!: ' k 16. Borrower's ('uF~. fl.:: r, _ ~ i..~!F ~ ~~irn~.ilr_~. ~~~~nf~~rr2;~1 « • _vt,i'~e. \~u~. ~ i.. ¢ _L:.. r~ af,~~., \1,~~t~.~c~ ;~t the tin,c ' of execution or afrtr recorda~i~~n i::r~:~i • . ~ I7. Tran~fer of Ihe Frnpert~: ?~.iui~plion. 1; ~ ~ ~ ~5~-Pr, ~ , ~ r.ter~.i r• i ':i r, ~terre.i ~ ht• Rorr~utr ~tit;;~~ti L~::~l~rti .~:itti:~ ,.~n.~„, _ .~.,.L,~~,i:~~ it}: _~~,~r~,,;, . ~ , . : r.~hr~~ ~u~, .~+.:r.::C ~ - !h!~ <S,~rliacr. rhi Ihe :rC:ili.., ...`..~e n ~r~. ;n,.n: . , .i .i~,~ :r.. . .~;.~t:r deti5?. ~ deticent ur h~ rr,,(i~~n rE !...5 s; . . ~ , + . ~ . • r- , ' n n. ; _ , , , ~ ~ . .r~ • << ~ :r ur Ictt t - . _ i flOf CO~f31lt11~ ;tfl i1~hC~{. t~~ ~ ~~L13Ct l s. i ,,1, i i~~ ~ ~ ~!i cl t`~ f ~tt,dll' i0 bC ~ it+t~te~f~atet~~ due a::d : .:h! ~ . i , , , . . , ' ~1. . . , .~ric ¢ : ~ i rr~~i~ ~hal a. ~ ~ ~ :,n. • , f~r t rn~ler ~ - ar.d the per«m r,~ ~.,h,•i:~ ~hc Pr,,~r~i; i; t: h~ ` ~ . ,r , ~ ~ t;i ; i . ,f „i h , ~ ~ IC S31KfJC~O(~ 1C~ I.fll~~~t '.1(~ 1f;.~i i~;i tPli; f'~ •n~ (~7C ~iilt~. I t ...~L ~le? a? r<,tr C ~ , I cnde ~ ~ tFt:~~l request If i e~r.1Ci h:l~ u,~!ce~! Ph~• i ~ _ . ' •~t.~t ~1~.1 1 i.:- en~f ~ ~i:~;~ ~~•r ~ ,~i_.~~v~i S _ +ntere~t ha, esecuteJ a Hn;f~n :ii~u;7i;'~~~i; ~~~rrmcnf ;:rd ~n an ;ii; i~:i.icr 1 rn,~,r ~h:~il 'Cle.~~r I~~~rn~.~cr from a11 ~ ~ v~iigatiur.s unue~ tht5 ?~~ort~;;~ge ar.d tn~ \ntc If l.ender ~*CCCI>~~ ~u.Fl u~~fi~~R .i.;~IC:a~C 1 ir, ~rf ~n.:ll m:~~i ~3~ rr~~~~~; rit~h:i .~.~el~'~t:ptl tt7 ICCOfc~3r1CC with ;~.uagr~{~F i~ hir~of. Suc} nut:~'c tiitel~ ~ru.~clc pr~~:~;1 .~t n,,• ~c,. ~han ?tl tia~~ fri~tn i't~ cla,c ~hc ~'~~~It~c is ntailed within ~ . ~ ~ . ~ . . . . . . ~.~fi~ U. ..hich Bo;n.~•~.~r rnay F,s~. t'rir ,um< <1•_, ~i~ ~ k . . . ~i~~ ~ • , , t• ~ _ :~t . . . n ,•f ,,;h, . l_enuer m:r). •~.athi+~! ?urthr: r.~,+,iir :,r :i.n~ae;:1 ,~s~ !{,,•~,,,,,r,. ~:i~c~~~• .tn~, rrined~ec F _•-ituttr i tn ~.cracr.~~h !R ;n,~~rei~f. F tiu~-l.x~[ux~s Cutt~:~r. H;~rr.•u~r enJ f.r~.l~r (ur;hc- .~:~~•~~.~s~: .~rici eit~e ftill~~N~: ~ 18. Acceler~liun; Remedic,. Eicept a, pro•ided in para~raph 17 hereuf, upun Bormwer'ti brc~rh of an} co~enant or ' aRreement of BorroKrr in this ~TortKa~c, iniludin~ Ihc cr~~e~an~c to pa~ ~.hen duc an} ~um+ securcd try this vturtRa~e, i,ender prior tn srcelerali~~n ~hali rnaii nolice tu Bn~ruNCr a~ pru~ided in par~~raph 14 hercof specif~in~: (1)1he brrach: (21 the artion ' required t~~ cure wch brrach; (31 a date, nut lew than 30 da~s frum Ihe dale the notice is m~iled to Rorrower, b~ which such breach must be cured; and (41 that f~iture t~~ cure cuch brcach on or Isef~xe 1he date specified in the notice may rcsult in acceter~tion of ~he sums secur~•d h~ lhi. ~1nr1~;:~~r. foreciu.ure b~ judicial pruceedin~ and ialr af the Proprrh. The notice € ~h~l1 furlhrr infurm BurroNrr e~f 1hr ri};ht tn reinst~te after accelerati~~n and ihe right to a~sert in the foreclo~ure procerdinq ~ tt?e non•e~ialence of a de(auk ur am oth~~r defen.e of Bor~oNer to a.~celeration and fureclnsure. If the breach is not cured on ~ or before the da~e ~pecified iu the nntice. I.ender at t.ender's option ma~ declare alt of Ihe sums secured by~ this ~tortRage to be ~ immediatrly due and p~tiable ~iti:out further demand ~nd ina~ loreclose this ~1ort~aqe b~~ judicisl proceedir~. I.ender shali ~ be entided to collect in such proceedin~; al! e~prn~es of toreclo~~:re, i~clu~fin£, but nvt limited to, reasonable atloraey's fees, ~ and cosls of documentary e~idence, abstracts and ~itle reporis. F~ j J9. Barroirer's Righ1 to Reinst~te. ti~~twith.!anding I cn~icr', <~~:eleration of ~he wms ~.ure~i by ihis '.4iortgage. + Borrower shall have the r~ght to have an~ pru,eed~ng, heg~~n n~ 1.ender ~c~ enfurce this ~torlgage sliscontinued at any Ume ~ ~ ~39~. ~~~E 992 -