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HomeMy WebLinkAbout0967 I endcr's w~itten agreemen~ or appli.ahle I.,H H~~rrn~~ci ~hall E~~~ ~hr an~uun~ ut ~II mortgage insuran~t premiums in the manner prov+ded unde~ paragraph 2 hrreof Any amounts disbursed by ! enJer punu~n~ t~~ ihic ~ar.~gr,,ph 7~~th in~erect thereon. shall become additional indebtednesc of BorroNer crcured hy ih~. ~1~~rt~;.~gr l'nle.. R~~rr~~~~c~ ~n~3 I rn~1~r :+greL to ~i?i~r terms of payment, such amounts shall tx payahlc u~+~~n nuti~c fn~m 1~~~dci t~~ B~~rr~~~~.r ~r.~~:r~iin~~ F+,~~m~nt thrr~~~(. anii ch:iii 'txar inicrc~i iruin iiic date of disbursement at the rate p~yahlr (r~~m timr t~~ t~mr ~a~ ~~~~i+t.~ndin' pnn:ir~l under the Note unlecc payment of interest at such rate w~ould he ~ontrar~• t.~ .,~pli;abl~• 1.~~~ ~n Hh~;h ~~ent w;h am~~i!ntc ,h:i11 hcar inlere~t at the highest rate permi:sible under appGcable la~ N„thin~ ~~~nt:+ine.t ihi. E.ar.+cr:~~h ?~h~ll rrq;,,rr t rnder t~~ incur any e~ptnse or take any action hereunder. S. Inspection. I_ender ma)• m.~{.r ~~r ..~:~+c hc ma~1r rr.~~<~n.,hlc rntric. u~~m ~nd impe,timm ~t the Property. pravided thdt l.ender shall give Borruwer n~~ti~e ~~ri~~r to am ~i~:h m~~ r,t~~~n ~p~~~i(~~n~ r~a,~~nahlc ca~~~c ther~fc~r relatcd tt~ I_ender's inter,st in the Pruperty. 9. Condemnalion. Thc pn~cc~d. uf am ~N,~rd rla;ri f~~r ~I,~macc. ~iircrt ~~r ~~~n.cyucntial. in rnnne.tion with any condemnation or other taking th~ Prrrrrt~. ur ~art Ihrrr~~f. ~•r f,~r ~~~n~~~.~n.e in licu ~~f ~nndcmnati~~n. arc hereby assigned ana snali ne paid to t.endrr. In ihe event of a t~tal t;~{.~n~ of thr Pr:~~~~~i~ thr ,~r~~~e~.k ~hall h~ .,E~~I:rJ ihe ~ums secured hy thic T~lortgage. with the eticecs. if ~fl\' ~Ait~ R:~ff„uCf ~n t~1i C~'Cnt ~+f :t ~dfil.l~ L~~.!n~ IF~i Pfi~rC~l\ tln~tc? pu~~~..ci ~iw :.C~w~: _..,...ds otherwisr agfCe In Kfilm~ ~herr ~i~eii i~c :l~,E,iicii 1.~ ~i~c ~uii~~ ~r.u~r.i i~~ [iii. ;.i~~~~e.~Ec ,~~.i~ ~,ii~E~~;ii~~~i~ : , as is ey~~al to that pr~•~.~ni~~n uh~.h th~• .~m.~;~~~t ~~f thr .um~ ,r.urrJ M th~. \t,~it~,~ec immrdi:?icly rrii~r t~~ thc dete of taking txan to !he (air markct ~'aluc ~~f Ihc Pr~~~~rrt~. ~mni~~!r.~te!~ ;~n~~! ti~ thr .I.itr t,i{,~ng. ~~ith thC halanie of the prOCeeds paid to Borrower. If the Property is abandnne.l h~ R.,rr.~~.~ ~~~r ;f. .~strr n~~ti;~ h~ I r~„1cr R~~rn~w~r that the c~ndemn.~r offers to makt an auard ~r ,ettle a elaim f~sr :i:,ri~.,cr. li~~rr~,~er f.~~l. tr r~.~x~nc! t~~ I ender ~.ithin z(1 dac~ after the date such notice is mailed. Lender is authorired to c~~lle;t an~l :~~~lc ihe pr~~;erdc. :~i 1 en.fer'. ~.~tion. either t~ rectoration or repair of the Propertt~ or t~ the sumti ~~rurc~l h~ th~. ~ic~rteace ~ Unles~ l.en~er and Borr.~«er ~~th~rw~~r :~erer ir, .+ritin • an~ .i~:h ;i{~~~I~,.~tir~n nf ~f~~CCf(~c t~~ princi~al chall not extend or postp~~ne the due d~~e ~~f th~ mc~~,~j:!~ ~:,.~.~Ilrn,n;, r;f~•rr:~i i~; ~~.~r.~er.,;~h. 1;~nd herc~~f c~r chanqe the amount of such ~nstallmcnt~ 10. Borrower tiot Relea~ed. F~!rr;:~~n ttir t.ne~ f~~~ r.~~ mr~~t ~~r m~~.lifi,:i~i~~n .~t .im~~rh~at+on c~f the t:~mc tecur~d h}• th~ti ~1:~rti.t~r lr.~nle~1 ht I t•nJri t.~ .~i~•. .u.:r,..~~ intcr~.t ~~f R~+rr~~~~r~ .%~.i!1 nr~ ~,~~rratc t~~ rcleasc. in any m~nner. lhe hahilit~ ;d thc ~vi~~n.il B~~~r~~.~,r :in~1 Ft~~rr~~~~:r'. ~~i...•,.rr. in inlcre.t 1 in,lcr ~hall n~~t hc fcynire~l ti~ CommenCe pr~,,:ecJing, aKa~n~t ~uch ~u:~c.x~r •rfi •i~ r~.t~v~,! t~n?~ !~~r ;~~~ntr+~l ~•r i~thrr:~i.: m.~.ti(~ .im.~rtizati<,n ~~f lhe sums ~e~:~re~ h~ thi~ M~~rt~:tGr h~ re:s.,~~, :n~ ii~n,.+r~J tn.~~~ h~ thc ~+ri~_~n~l R~~rn .~r; .:~i.i i3,~rr~+wrr'. cti~ce«i~rc in intete5t. I1. Forbearance b~ I.endcr \~~f a~~ai~~•r. 1~,•. ~,•r~•~.~r:i~~.: 1 r-~~1cr in r~c-,:.:r~~ .in~ richt ~,r rrmcdv herennder. o~ ~~Iherwite .~tT~~r~1r~1 h~ ap~l~..i~•'~ .4 , ~,r . . . ~~re:!i:,ic rhr ~ ~r:.~.~ .~n•. .u:h rieht <~r rented~ The pto:inrmen! irt~uran;i ~F~; i; t~~~ : ri~• .l;.~r_.. h~. I cndir .h,ill n~~t ht ~.~+~er ~f 1 enJer's fICf1I :l.:i'~Ct.itr 'f~~ lT1.lluf:(~. , ,.t~ic.., ~ . . f~•, 12. Remrdicti (~umulati~c. ~I! r~ .~r,~ ~ . ~ . t' ~ \I,~rt_'~~r .~r~ .t ~~~J . ~ni:i;eti~•r t~ .in~ uthcr right nt remc.l~ un~lrr Ih~. 1f~~•t~.~~. : , .~tf ...!..1 ' . ! . . . „ ! r . ~ , r, , _ r~ r~tl~ i:~.1r;~rndC~i1~ nr 5~~~.Ccei~ch'. 13. Succe~~or? and 1~~ikm. Bi~un~t: Juint :~n~1 tic~cra) I i:ihilit~: (~:~plii~u., ~hi .~~~_~~.~ntti ~nd iC~c•trtlffllt hcrcin C~lnielfl~'.~ \~l.f~~ h~n~~. eitl~ tflc !i~•h~~ . . , . . . ' . . ~ . , :~n,~ .~..~C•t. i~~ ~ l'fl~~ci .in(~ R~~Tfi~W~Cf. ,:,hje:t t,• nc~ ~r,~~i.i~~n, ~.,r ! ' _ ti•. ~ ~ • . ~ r„ .r ~ , R•~, •.,.t~ r Sh:~l~ h~ t.~ .end ~r•:eral Thc ~:l~h~inti :~n~! h~:~i1: _ , . . ' . \t ~ _ ~ . ' , ~ ~1~. .~r~ . hc c!si ~ io inle;~ rrt ~~r drfini• i1~r E~r~~~:.~:~~„ ~~r~,~ ' . 14. \~~tice. F~~ c~•t _ ,~~n n„r . ' i. : ! _ . .~~~,,~~;rr m.in~:: r ~ i~ .~~i~ n~+.i~e tc~ R:,ri~~~~er ~„~.~.1c~1 t,,r ~n th~. ~1~"~_,~_~: , . . ~ ~ . . '~~~e • .c t !i<<; n;.~~l .~J,ir~:.•i.i i~~ R,~rrr•~.tier at Ihe Prrprrt~ ~~1dtr.. ,~r .u,}, „1,;, ~ ~ , . . . t~~ I rn.kr .i. ~r~~~•iilctl herein. and Ih{ anti noticr t~, 1 rn~lcr ,h.ill ~«~n .:~~~li;~l ~n.: : r.•f~, • .,:c ~.:r-t<<i i, ! r~,,1rr', a~1.L-rs. ~t:+tcJ hercin ~~r to ' wcF .~ther :iddre.. I rnil~r ni.~. ~ . • ti , . .±~,I ~•,<<r~u ~n~ nc,li.~ pr.~cidr~l (~~r in [hic ' \1~~rlge~r s1:~~! }ie ~leem;~7 1;, f; . , . . ~ , li • • . ~ ! • .~!,1~•n civrn it~ th~ m.~nner eie~ignatccl hcrein. IS- l~nifurm~~~~f1K:l~;C'~.narrnin~~1:~~~~rtir~~r.fh~~il~. , - i.'~_ l~,i ~ :n:f~~~(11.nt'f't~~th(~~~P..l[iC1(1~~ ~ nti2 3~c1 r:~~n t!n~(rrn~ :r,,r; e„r• .ii'i ' , , ` • a ,Ti ~r~:~rl~ in~Irumcnl ~n~•erin~t ! rral ~+rr~cr?, lh~. \1:,rt~;ec~ ,i;... ' . ' .~t;.~` t!,~, j'r~~~crt•. , I,~.elcd ln Ihe ~ rven; th~t en~ E~r,,~~t;~~n _ , . \t • _ ~ . _ ~'~Ir .~~.h ,~~ntli~; ~h.+l! nc~t stTect ~ ll?fl`_f (li ~~!~I~~i!~ ~~f !f:l~ ~1~~ft'~,1~:: , . ' i ~ ~ ` . . , _ _ ` .,,i.. ~i~~• ~ .~'I~7L' ~f~~•.I~II~i~. dlllj :l~ ~t115 en~1 the pm~i~i~~nt of thr 11,,rt?:+ee .tn,! ti,. \„t~ r~ c.f ~ . •re~' 1 +N d r`~ !~1~ \~~5: .cl!~1 1h:~ ~~ll!~ i C dl ~}l~ 17R1C 16. Borrower's Cop~. [3~ rr, . I', ! t. g ~ of exec:~t~on .~r after rrr.~rd.iti.,n hrrr~~/ , . , • • , . . f - 17. ?r~ncfer of thc Pn~pert~: 1..niup~i~~n. ' f , , ~~tr~~.t r~ ,~?:i ~,r trar.~ferred - + ~ ~ F~~ Rorr~narr ~aith,,iH L~ntlir'~ ~r ~ . i ~ ! „ r•~ ~ri. r ~hr,~n.i ,uh~~r~i~r,~te t~i j~ Ihiti;V(~irtgs_L'~• Ihi the ~rR3l~~,n ~~f , ~ ~i~,.,,,, ._i,~i: ,nte . . i: t ,~:~i ~1 :in;'r.~n.C.. .i Iran.fer h~ devise, ~ de~crnt ~~f f•~ :~~'Cf.thi~tl ~~f • , I1~C ~~~i.~;~ • . . ~ ' ~ ~~;.i:,~ , . . . •i.~ :'a:~' . ~.~.h:~~ij !nfc^C~! i~i !F;ttC ~C:ffc tlf ~CtS -r not cunta!nin~; ar. ~~~tinn t;~ (,t•r.h.~•r ~ C~,:~ . t { . ,t:_. ~ _ 't~; ,~,n~. .i..r:it h~ thtC ~t~,r1~:lgc to bt II71f11C(jld~f~\' dUC :111d E`:i'.,:~`~~ ~ i~1l~C! ' . . : '.i ~ . ~ , . ~..:~t•, e~i .r t~~.~ ~•.I~~ i+l 1fan,fcr. Lcnder ~ - and the per~~m tc~ •~h,~,i; thr Pn•p~•t~ i: , , „ ~ ~ , . . _ i . ~`i.,~ tt~c .rc,1~t c~f ~uth person ~ ~ ~ sah~t~~t~,r~ h, Len,ler end if~.,t Ihr irt,r ,~1; ~t,~ . ' ' , ~ ; \i ,,~c ~h h~• .~t ,:i.h rate :~t I.ender ~ ~hall reyiiCSi If 1 ee~l'f ~l:it l~':li\Cii 1f?r n~.~' , , , . 1~ i •t1 • ' l1 ,tll~1 !1 ~3~~fT~~~+C~ ? SU~~I'~S(lT 1(1 ~ :nterest h.~, e~c~ut~.~ a~ril(~~ .i~,tin~~~l~.+i, ,i~•r~' ,'i~t !n ..~i. I e~n.!rr I if~.1;r Sh.il! rCI~~~C H~~n~~.~er from a~~ ~ i~bligat~vnti ;m~lrr ~ht, !11ort~.~Ke an~ fhc \,~tr ~ If 1 endc~ r~rr.i.c, ,n,t~ ,+pt~,~n +...I:; . _ I ! ~ ~ , . ~t•.: ~ ~ cii•r`iti~~n ~n ai~ordan.c with ^.~r ikr.,~i~ 14 hirc~~1 SurF n„h~. ~h ~ E-r~~. ~J~ ,^t•+ n I~, ,1,~~, 'r~,m I.'r thi i.~ii:c mailtd within Nh;~h Bi~rr~~~~~r m.~~ ~~.i~. the ,un~ti c1~. ~1 _ I' 4i , , , i, ~ , ~ , •,r,r.~! nn ~~f ;u.h ~`criod. ~.Pfl~f fTl~l\ t~al}1~.~~U[ ~ltflflif C,~~I~~C l):IU~.t',tj ~ ~ f{~~ ~.~~t_ itl~ •i'I:i~:C. ;'~I1~1 i~~, r.~'JL".t(~fl ly f1ClCO(- • _ F; :\Uti-~ ti1Fi)k~t C utiF ?~~t~ H,~R~~.,cr .i'~.1 I cr~:.{e! ?iit:h~' ,,~~rn.,:?' ,i~~1 ,fi~~r J~~li~~t~, ~ l8. Acceleratiun; Rem.dir,. F:reept pro~id~d in paray~r:+ph 17 tiere~~f, upun Bnrn~..er'~ bre~ch of ~nr co~enant or ~ ~ ~greement of Borruwrr in thi~'~1ortKa~e, includin~; Ihe co~enanl+ to pa} hen duc an~ ~um+ secured b} thi? `1ortRage, Ltnder ' pr:or to accelerateon +hall mail notice to B~~rruNCr a. pm~idcA in para~:~aph l.i here~~f tipe~ if}in~: (1) the breach; f2) tht action ` required to cure such brr~ch; (_l? a date, nut le~v Ihan 3~ d'a~~ frum ~he date the nutice ic ma~led to Borrower, by whlch 6aeh ~ brcach mast be cured; ~nd !4) Ihat failure c~~re wch Areach n~ or befure thc date specified in the nolice +nay result in acceler~tion of Ihe sums securrd b~ thi. ~lurt~;.~Rr, (~~rre I~~.urc b~ judi~ ial pn~rrcdinR and sale of the Property. The notice ~ sh~ll furthrr inforrti BorroMer ut thr ri~;bl to rcinslatc a(ter scielcratiun and Ihc riRhf t~ astert in Ibe fortclosure procteding the non-e~islencr of ~ de[aull or an~ other defcn,e u( BorioHCr to a~releration and foreclosure. If the breach is not cured on or before the date specified in the notice. 1 ender al ( ender'ti optiun ma~ declare all uf Ihe sum< <ecured b~ thic ~tortga~e to bt ~ immediat~l~ due and p~~able Nilhout further demand ~nd ma~ forecln~e thiti ~tortKaRe b~ judici~l proceedin{;. I,ender shaJl ~ be enfiNed to collect in such pruceedin~; all eaprn~ec of tixecl~~rurr, includinK but not limiled to, reawn~ble attorney's fees, ~ and costs of documentary r.idence, abstracts ~nd ~iUe rep~rtti. 19. Borrower's Right to Reinrt~te. ti~~i~ith.~eridir.K I cn.'.e~ ~,+~.e!er.,•~un uf the sum~ te~ureJ hy Ihis Mortaagt. Borr~~wer shall hd~'e thc nght to ha~~e an~ pro;eed~r,u~ hegun h~ 1 rn~er t~~ ~ntur:e th~~ ~lurtgage d~scont~nued at any time . 3 91 - 9 ~ 7 ~ ~ t.'~ 4 , - ~i 3~AC •.1~7 Pf~ c~iJ~ ~ - - - . _ _ v~ .'~~t~T"`i~'~~.'~i~34~~"yM -~ze.),.c..=S ~?a,z .,at-*~:,-~.~i%+!~