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HomeMy WebLinkAbout0949 Z • ~ ~ \ ~ • r +~eoud ,w~t., :r .n?~ fn nn .~.n,.r~?le.a ~.+a.r pu~.Qe.on t h.net oe. sr p.ia in «~1+ .rm.r. h? Oort~o~ ~~'9 P~+~~ ~Mn du~, dltratly b!h~ ps~ tMerst. Sose+owe M~11 pearptl~r A~enlM~ to l~~d~t sll notio» ot rounts du~ u~d~s liti~ P~~e~ph~ ~+d in tiN a~~L ~ro~wr ~d~ ~la psy~nt dir~otlr. ~a~re ~h~ll praptlr fiari~A to L«~d~e t~ai~ta wid~noi~ ad~ phrw~ka ~i+owc M~1 P~ra¦ptlr ~ a~? li«? ~ioh ~ Iw peioeitr o~ ~ 5~oaltity Itil~~wM~t; hoMw~e. d0e~'w~: ~Aall aot b~ s~quird ~o d1s~lN[~ ~n~r ~uch li~n so ~ 1o~q M~to~wri ~1 a~eM in ~eili~q eq tA~ p~ or t~ aeli~q~tion Maut~d b~r ~uoh li~n 1n a iwr»t ~ aaoipt~bl~ t~ l~nd~ri (ti) MMIl _i~n qoo~ hiffi ~ot~tNt woh lian b~1, ae d~t~nd a0sinat ~ o~ wd~ li~n ~ j~ P~~ ++~dR in tl~ 4pinian ot L«~d~e ap~t~s io pr~w~ th ~ntaeaMrt d th~ li~n ae toet~itun • ~ a~ t~ 1'rq~sty ar ~r+~? att !lwr~ot; (e) Nwll ~s~aa~ ha~ !h hold~e ot w~ch li~n an ~qea~i~t i~ • fbr~ r ; s~ti~t~ctos~r to l«~d~e ~ub~rdir~i~ iuoh 31«+ to thi~ S~41ty Inrtruw~~t. . ~ ~ _ ` I~ L~nd~r d~tt~t~inM tirR a11 ae ~r p~st or tM Prap~rty ia rub~~t ta s liw~ rhich ~r ~Rtein • pelor~tr ar~r ~ this S~cuslty Lnlsu~~t, LM~d~e M~11 qiw 6orea~e a noti~ id~tiryinQ ~K li~n. 9orro~e ~tl pti~ry w~h 7 lf~t~ oe tala on~ or ~osr of tM aetian~ s~t to~tlf ~bwr~ ~dthin t~n d~ K tt~ qivinQ oI th~ notio~. f a ' ~ ~ IOi~ . . ? g thifon Cowrnnt 1~ ot th~ S~curity In~truw~~t i~ wad~d to t~d • follaw~: ~ 1~. N~Rla. Excyp! foar ~rqr nolic~ rpuind und~.r ipplic~bl~ lwr- to 0~ ~iwn in ~noRlMS rr~r, sn~r~ notia ; to Borro~t pravid~d ~ae in thi~ Srcuritr I~ru~~t ~11 t~ Siwn b~r d~liwrLiq it as ~a111nQ it bg? tir~t clw . 1 ~ail to Sorro~wr ~R th~ Prap~rty 11dde~ oe at wich dh~r tldra~ a~ Borsawr dMiQn~~ b~e nctiw !s l~r i ~s pravid~d Nu~in, ard ib) ~nq? notia to L~nd~r MNll b~ qiwn ~M? fir~t clw ril to L~nd~r•s addeaM ~tat~d , fMr~in oe to ~ueh ath~r tldr~ w L~r ~r d»ign~tt b~r nolic~ to 8orrawr ~s peovid~d irrsin. Mry notic~ prarid~d tor in thi~ Sscueity Instru~etit N~ll bs dserd to h~w bs~t Ql~wn to 6orto~ os L~~d~e r~hM~ qiwn i~ ' t~ ~r dwiyrwt~d hss~in. ~ ~ a n~~ aea~n n~w~rt; m~~ ur~ sEVOaan.m , ; . z Unifoes Cowrw~t 1S ~ th~ S~cueitJ? In~tn~.e~t i. ..e~~e.a to s~.~a a. roiiow: _ ~ : ~ 1S. I~LLfien i~e~ltp LI~E~ct~rti ~i -lhi~. fots of Ssa~ritr InsttuMrsnt co~bi~ mi~or~ ; ~ co~Nnts ~ toe ~tion~l uw ard non-ur?ifot~ cor~wits +dth lidt~d v~ri~tians b~r ~i~dictian to oartitub ~ ~ uni~azn s~eueity irNtsu~rt oowrinp twi peop~rtr. This S~curity I(ntru~~! alwll b~ qowt~d b~? Fad~ral Lw • 4 ard th~ 1~ of Lti~ ~uri~diction in Mhich ttw Prop~stp is located. ~In tfr ~wrrt thrL ~nyr pro~riaian ne clau~s of ' this S~curitr InstraMnt ae ths Nots oontlicts idth .qplioable larr. sud~ coMlict ~hall ~wt att~ct dl~r ` provision~ o~ thls SecutitY Irntruw~t oc tM Ibks NRidi qn b~ qiven ~tf~d rithout th~ canflicti~g provislan; ~ ~nd to ti?is ~nd tl~ peovisioti af this S~c~arity In~tru~snt ard th~ Nots ~n d~cl~red to 6s s~vsr~bl~. t = > - . . ~ E. T~FER ii 11E l~F~1Y ~ A~IN. DIfF~T DI ~E~ ~ ' Unitors Cov~rw~t 17 of th~ Sscueitr Instru~srt is ~srdsd to r~ad as follows: ~ ~ . . ~ . - 17. T~e ~ tlr *c~elY ~e ~~wiKiei,si Li+~ewit 3w Ne~~we. If all oe an~r part o~ ths Propsrty c~ ~n ; int~re~t thsrsin is ~old ce ~sarrfemd (oe i~ ~ ba~sficial ~ntsre~t in BotYOwes ia ~old ac transt~rnd and Borrawr is rot ~ n~tural per~on) rithout Lendsr'• peiar reitt~n cpr~ee~L, L~end~r MY, at Lendsr'~ aptioe. d~clars all ttr ~ur ~sc~ir~A b~r this S~curitr Instr~rt to b~ i~diatsly-dus nd phrable. -HoMevsr, thia aptian MMll not b~ ~rei~sd b~r'Lsnder 3s exarcias i~ not authosized b~r F'~dsral law. . . ~ ~ It Lendsr sx~rcises ~uch aptian ta ae~lerat~, lerd~t ~fall eail 8orroMee noties of ~ccsl~r~tian in accord~nc~ ~L . rith p~r~~h 11 hsr~of. ~uch notics a1N11 peovids a pssiod d not le~i tMn 30 days fra~ ttw d~t~ th~ ndiw . is Miled Mithin which 8o~row~r pa~r the ws dsclared dus. It 8orso~s taib to p~? sueh su~s prioe to ths sxpiration o~ sud~ psrioa, L~r ~r, ~dthout furthsr notics ot ds~wd an Borrarsr, iiwaic~ ~rry raesdies ~ ` ptraitt+sd b9r P~r~'~ph 1d 1~ereof. . . NotMithst~ndirg a a~le ac ttan~ter, 8orroMSr +dll oonti~us to bs oblig~t.~d u~dsr ths Note ard this S~wsitr In~tsu~sr~t ~inlea~ Ls~dsr Fw tel~~sed Borrorsz in Mriti~g. F. L~ OM~S If ths lo~n ~saired b~r ths Sscuritr Itrttia~e~~t ia sub~ecE ta ~ lar rhidt seta ¦~ci~tw lo~n chasqss• ard tl~at lw is tLall~r int~rpreted w th~t ths intetest a~ oti~er lo~n chargs~ collected ot to bs coll~cted in camsctian Mith th~ lo~n eoccssd p~rsitt~d li~its, _ tMn: (i )~rry wch lwn d~rg~ shall be redu~~d 6~? tfit awunt rna~sar~r to . < r~~ ttr dwrq~ to ths ~r~itted li~itf ~d (Z) ~rrp ~r a1ssM~r coll~cted tra~ 8o~sa~+sr rhic~ ~xceedsd psnitt~d lidt~ xill bs r~t~sdrd to 8osra~ar. Lend~r d~ooN to rlcs this nfunQ b~r s~ducin~ ttr peincipal a+sa und~e th~ Note or b~r Nkinp a dir~ct p~rt to 8orro~wr. if • refurd rsiluces Prineipals th reductian Mill s°; bs tr~ted as a partial pe~p~snt u~ds~t tM Note. ~ ~ . ~ • . DI IIIilE9s 1~, ~¦e[eiwt h¦s s~e~~i tM3s A~til~ R~b R~/~e. k i . . + ' ? Wayne A. Morri an . _ ~ ~ ~ ~ ~ - ~ ~ ~ f cs~) _ OOOK~ tAGF , an H. Morrison ~ -s.es~.w.e y s • • 's