HomeMy WebLinkAbout0974 _ . . _
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~ 7.• ~=u~:tcu~~ t~~r:•s ~~:~~~.~~~:f t~u rA~' As `f:E~~t'ttrt~ u . . _
; ' '~l lAS ~l.atc CT:ir~;c ic+: (l~c rdur I'u~ mrnts - . ~ .
~ If the :~otr Hofdrr h:is nat re: ei.•t~ th4 tult. :~ritnunt at .~rt} ~~i' m~ ns.•s:ihh• j~.:~ ttt. h~~ t}~r r~~~i , ot
~ ~~ke.~t calrn~}:sr : a~•.:~ftcr tfir.i:,tr i1 i. du~.1 ~?ill ra~• a lat~ ch:+r~r t~~ t1~c'~~~tc ! l~~i~irr. 'll~r .:ir,~unt
of ~he rh:,rFe a~i1) he ....totu..r'~ ~,t m~• ~~.erduc `a~~mrnt ~,f prin: ir:t~ :~»~i ~ H,u r:,y t:~~~ l:itc ~}:ar~c ~ r.~~i~rtl~ h«t
only o»ct on any jate ~+a~~mcnt. ~ .
tH) Dcfauh - ~
lf I do not pay iht tal) smounl of each montlih pa~•n~eM on iht datr i1 i~ duc.1 w~ill t~r in dcfauit.
(G~ lotice c?f Dcfsult ~
lt l am in detaul~, Ihc !~c~tr li~kirr may ~rnd mc a~rrittrn nnti.e tcllir.g mc th~t if 1 do n~t ra~~ th< <~<<~duc am~unt ~
, by a rcrtain date. the Note I~okirr ma~' rcquire me to jia~• im~nrdiatch thc fuil amount c?f rrinci~?:+1 w Nich ha. nc~t hrcn paid _
and all tht intrrcct that 1 ~wc on ~hal anx~unl. That d:~tr mucl l+e at lr~+t 30 ~;arc;efirr thr date nn hich ~hr m+tice i~ mailc~
ot deli~-<<ed me. .
(D) 10 ~i'~i~~er A~~ \ate 1li~lder . . .
- E~cn it, at a time a•hrn 1 am in detault, tha Aote Haldrr dc~rs nc~t [r.~aire mc to j+a~• immr.'i:~ic1} iri fufi as e1.~ ritx~d ~
above. the \ote He?)det a'ill stiil ha~~r the right to da ~o itt am in d:fauJt at s,;~~rr time. .
(E) P~~~mcnt af lotc ~toldcr's Costs and Expcnscs
If thc lrtr Nrldrr hsc rc~quirrd mr t~ ~5}- inamr,'.i:~~ci~• in luit cir•: ri'~d atk~~e. ~hr ~~~t~ l 3~~l~irt ti~~i!! h:i~r ~ii~ richt
to be raid b3:k b~ me [~1r ati c~titc r~st~ xnd e~~nsrc in rrifurcirtF thi. \o~r-t~ rhe ~~~rnz nc~~ pr~~!.~~•i~~,i h.• :~r; ;i;:,h;r IaH.
Thc?sc rt~nc:s inctudc, t~r r~x~n~lr. rc~~:~nabir at~~Trn.~: firs. - ~
8. Gt~'I~G OF \OT1CtS ~ -
l'ni~~s appticabk (aw~ rcyuirn a diffcrrnt n:~thc~d. an~~ n~~ti.r th~i mc•i br gi~cn 1~~ ~nc uncirr Ihi. latr x~ill Ix Fi~~cn ~
b~ maitin~ it b~• first etass maii e?r b~• d~1i~•rring it to ~nr s~ thr Praren~• :1~idr_~+~ ahc~~r or at a dif!'rrrnt :uidr~~~ if I gi~ e ihe
:v'ote H~~t.irr a notice of m~ ditTrrent :~ddress. , ~ .
An} notice that m~ct ~ gi~rn to the Aoie Holdrr ur+d~ ~~-'ote ~~-ill he Fi.~en t+r_mailine it b~ firct cl:+.. mail to the
\'ote liat.~rr 3t the sddrn. ct~ted in S~ction 3(A) ~t*~i~e ~r~a di rrrut addre~s if 1 am gi~en a n~tire of th3t ditT~rcnt
address. ~ -
9. OBI.IGATIO~S OF PERS4\S L?rUER ~l~OTE
If rnore than one ~rsc~n signs ~his Aotr, rar ,~:r5c?n is lu1h~ and rr:k~n~U~.obliF3tcd to krrp all ~~f thc rrrmik•s
made in ~hi5 tibie. i~cluding !he promisz ln pay thc 11 m~um oa~rd. Am~ prrson a~ho is ~ guar~ntor. sure~~, or cndorser
atthis I~ote ic alco obl;•gated ~c?do thcce.thin,gs. An~ ~rson N~ha take• ~.~er th~e obliFations. including thr obliga~tions ota
guarantor, curety, or endot~er otthis No~e. is alsc~ obliga~rcl to krep all of the ptomi~.~c made in ~his ~o~e. Th~ \ote Holder
ma~ enforcc its rights undcr this ~ote against cach person indi~idu:+1!} or ag3inst all of us togeth~r: Thi~ means~that any
one of us ma~ be rcquired to J~+y ali of the amoun~s oN~ed under lhis I~~te. . ' _
l0. «"AIt'FRS " . •
I and an3• other pcr•on N•ho h~s oblitatir+ns und~r ~his I~Me a~ai~c the rights otprc.entmrm :tnd no~irc ~~f di~honar.
"Pres~ntmcnt" mcans the righ~ to reyuire the I~otc Holdcr to drmsnd r3~~ment ot amoun~s due. •'\otire of dichonor"
m~ns thc right tu rcquire thr T~otc Holder to give notice ta othcr ~r~ons th~t amounis duc ha~•c n~~ Exrn paid. .
1~. THiS 10TE SECURkD AY A S~CURIn' I~STRL~~ir1T
ln-addition to the pro~reticx~s gi~~rn to the I~nte 1~c?Ider under this'`ote, a l4.~rtFage. 1)erd ot Trucf~ or D~ti~d to
S~~cure Debt (th~ "Sccurit~• 1nslromrnt") w-ith an Adjust:,blr Ra1e Rider. dated thr ~ame da~ as this :~ote, pmtcrts the
Note }toldrr fmm ~x~ssible ?c~~cs Nhich might rrsuh itI do nut keep thc prornik~s bfiich i make in ~hic ;~'~tr. That Sr.urit~~
Instruincnt and Ridrr dc~crihc hox- and under W hat conditions 1 ma~~ bc rrquir~d to m~kr immr::i~t~ ra~-mrnt in full ~tall
amounts 1 ow•e undrr this 1ote. Same of thoce conciitiuns are druribcd as follox•s:
"Transtrr ot iht Propert~ or a Acneficial lntcrest in Borro~+et. If all or any p:~~ ot thc Proj+crty or
an interest thrrein is sold or transtrrrcd (or if a ber~etECeal interesE in HorroKCr is sold or lransterrrd and .
Horrow•er is not a natara! rers~m) wi~hout Lr»der`s prior writ~en consent, l.endcr may, at i_endrr's option.
declare all thr sums sccurrd t~y this Securety~ I~istrumcnt to be immrdiately due aiid ~a~able. I~ow-cvrr. this .
option shall nW be e~erciscd by Lrnder if rxrrcisc is not authorized by Fcderal law. - -
If Lcndrr rxcrcises such option to acrcicrate. Lrndrr tihall mail T3orrow~er notice of accclcration in
accard:~nec N~ith r+aragra~?h 14 hereaf. Such nuticr ~ha{I'provide a prriod of not 1~~ss than 30 days trom the
date the notice is mailed v?itbin v?•hich DorroK~rr ma~ pay the sums decl~ted doe. UBorrower taits to pa} ~ucfi ~
sums priot to the ~apiralion of such ~xriai~ l.cnd~r_ may. .a•ithout furthrr notice or dcmand on iic?rro~~cr, in•
~n{;c any remrdirs Y+rrmiurd by ~ragr~ph 18 hercof. ' ~ ~
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