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HomeMy WebLinkAbout0956 . \m :um,unt, ~li.hur.r+l h~ l.riti.iri un~i~•r ~h~, ~,.~r.i~~ra~~h i.h.~l! hr.un~r .~~l~liU~m.~l ~Ic~hi i~l li~rru~~" ~~i~;.~~ thi. Srtinin l~~.truiu~~nt l'nl~.. t3urr~~«rr;~n~! i.rn.l~~r:~,~r~r a~ulhrr t~~n?. ~~l ~~i)n~~•ni. ih.•,.~ :~in„unt, ~haU tk:ar iptC~rll•~rum ih~• ~ia~,t Ni.li.hui,.•~~::~u Ih~~ \~,t~• ra1~• an~l ,hali ?k• ~~a~:~hl~•. ~~ilh int~rr.t, u~~,n nuur~ frwu l.~•n.l~•r lu 13~,rru~~~r r~yu~,l~nz ~~a~m~nt. li l.rn.l~~r rcyuir.~~l nu~rt~~:~~~ tn,ur:in:r a, :i iun~liUun ut m:i4,~ng thr I~~an .r:urr~l h~ thi. S~rurin In.trui~irnt. k;un~~~tirr .h.~ll i~.~~ ihr pr~mi~nn, r«~uirr.l t~, maintain tiir inwr,u~i~ in rltrit unul ,u~~h Unir th~ rr~~uirrmrnt ti~r ~h~ in,uranr~ t~n?unatr. in a.:,~nLui.r ~.~ith l3urru~~~r~. an.l l.rn~l~r~. ~~~iUrn a~r~rnt~iu ur aE~~lir:ihlr la~~. !i. Im4x~ti~in. (.rn.l~•r ur it~ :r_~~•nt ~u:~~ m:i{,r r~.i.~,n:~hl~• ~ntnr, u~x,n :in:l ~n.~k~rtiun~ ~~f thr I'ru~k~rt~ . 1.r1~~)rr .hall ,~i~.~ t3urrrn+~~r u,,ti«~ at th~• uiu~ uj ~~r rnur tu .cn ~n,~~«tiu~t ,~•~il:~in~ rc:~.u~~ahl~ iau,~• tur th~• in•.~k~.ti~~n. 9. ('ondrmn.~liun. I hr ~~nk•«•~h ul am a~~aril ur i la~m Iur ~lam:r,~,. ~lir«~ ur iu~i.ryurnti;il, in i~~nn.~cuun ith am rurnl~~iunau~m ~~i uth~~r ~:il,~n,~ ~~1 am ~~:~rt ul th~ Pru}kr~~. ur ti~r ~um~~:~n~r in li~u ufrun~t~mna~iun.:~rr hrrrh~ :~.,i,~n~.1;inJ.h.?II tk ~~:~i~l t~~ L~n~t~r. In thr ~~~nt uf a tut.il ta{.in~~ ut thr Pn~~krt~. th~ ~~r~~:r~.l. ~hall tk applircl tu thr wni. ,rrur~~t 1,~ ~tii. S«urit~ In~truni~~nt. ~~ii~th~r ~~r n~,t th~n .lur. ~~ith :in~ r~«., ~~:?i.l ~u 13urruarr. In thr c~rnt ~,f a r:~rtial t:i~,int ul ~hr F'ru~krt~. unl~.. I;~,rr~,~~~r :ui~l I ~ n~l~~r ~Nh.~ i~r :~,~r~.~ in ntim~. ~h~• .~~in..~iur~~.1 h~ thi, S~~unt~ In,lnmi~nl ,hall tk r«1u~ed h~ iFk .istti~nl ut th~• ~ir~k~c~«1. ~~u~It~~~Gr~l thr ti~Uu~~in~_ fr:~rU~~n: 1:~1 thr tut:~l amuunt ~~f thr ,uni~ .«•urr~l imnir~li,it~R h~t~uc th~ t:il.im~, ~li~i~lr~l I,~ ~h) thr I:ur m:ul.~•t ~.~lur ut tt~~~ 1'ru~n) rnim~~~li:U~l~ h~•t~~rc• t!?c• !a},i~~~~. h.~lan~~~• .h:ill Ik ~~aiil t~i t3e~rmw~r. th~~ Yru~krt~ i, ah:~ntl„nr~l h~ tiurru~~~r. ur il. att~r rn,ti.~ h~ L~n~rr t~~ k3~~rruv~~r that thr r~m~irmnur uti~n t,~ inal,r an .~~~.~nl ur ~~ttl~ a clain~ Iur ~f:~m:~,~~•.. Burn~~~~r t:iil, tu r~,p~a?~i t~~ Lrn~t~r ~~ithin 3l1 ila~.:dt~r th~ ~fat~ th~ nuur~ i. ~_i~rn. l.rn~t~r authurv~J tu r~,ll~rt :u~~l a~~~l~ thr ~~nk-~~.1.. :?t it. u~~ti~,ii. ~ithrr tu rc.~ur.iu~~n ~~r r~pair i,t th~ Pru~kn~ ur tu thr .um, ,r~•uirJ thi. Sriurit~ In.tnnrn•nt. ~~h~th~r „r n~,~ ?h~n ilur. . ' S~ ?j l~nl~., L~n.1rr a~~~t Burr~~~~rr ~~thrr~~i,~ a~r~~ in ~~ritim~. ait~ :irpli.:~ti~~n u( ~~nk•r~cl, t<~ ~rirt~i~~,!! .h:~l! i~ut rvrnJ ~rr ~~~,~~>un~~ iii~ .tur .iatr ~,t 1hr m~,nthi~ pa~ m~ nt, r~~t~rr~•~t tu in ~ar,~,~ra},h, I anJ ?~~r rham~~ ~h~ :ui~uunt ut ,urh ~~:i~ mrnt.. Ill. B:?rro~~er \~:t Iteleu~rd: Forbrarance B~ Lender \ot u~1'ai~er. f_~t~n.~~,n thr timr t~~r p:i~mrnt ~,r nu,~lih~:~ti~,n „t ~nauru~;~t~„n ~~I thr ,um, .«urc~f h~ ~hi. S~~urit~ Imtrum~nt ,,rant~J h~ Lrrnl~r t„ :in~ ,urr~,.ur in intrrr.t ut Burru~~~r >h:~ll n~,t ,~~~rr.itr tu r~lr:~,r th~ li:~hilin „fth~ ~~ri~~insl Ki~rru~~~r ur B~~rru~~~r'„ur~r..ur, in int~r~.i. L~nJrr.hall nut h~ rryu~rr~1 t~, r~m~nirn~•r (~f~k'~i~~10`~~ :1_:IIII~I :III\ .uc«.,ur in int~rcat ur r~ lii>r [l? ~\I~III~ Ulll~ ~~~t ~la~ in~nt ~~r uth~n~ ix nuklif~ :IIl1Ufl1/:111~~11 U~ lh~ ~llll}~ ~C~UR~t thi. Sriurit~ In.tnnrnnt h~ r~a.un ~~f am ~trman~l maelr h~ th~ i~ri~_inal K~~rru~~rr ~~r Burr~~~e~r'„u«r,.~~r. in ir~,,:.~.t. :~ne G~!h„~ran~r L:n~l:r in ~~~rri.im_ am ri,sht ~~r r~m~~~ ,h:?11 n~~t tk a u:~ic~r u( ~r«•lu~lc titr r~rr~•i.~ u! an~ ri,~h~ ur rtm~.i~. t 1. tiuccccsors ~nd :i~xi};ns Buuttd: Joint .ux) tic~era) l.iabilit~: t'o-signerti. "Th~ c~~~cnant. an~l agr~rn~.nt• i~t thi, Srr•urit~ l:i~tru+n~nt .tr,~l1 hin~! ai~~l txn~tit Ih~ ,:i~i~.,un an~! a..i~_m ~~I l.cn~l:r an~l f3~~rn,~~~r. ,ubj~~t t~~ th~ rr~~i i,iun. ~,f ~ar.i~~•~a~~h !7. 13~,rr~~~~rr', .,~~rnant.:init a~r«nunt. ,hall Fk ~uint an.l ,~~~ral. :\n~ B~,rru~~~r ~~hu ~u-.ign, thi. Sr~•urit~ in,trumri~t hut ~l~k. n.~? r~riut~ th~ \,~t~: i:u i, r~,-,i_~nin~~ thi. S~:urit~ In,trum~nt „nl~ m~~tt,_a~~~. ~r,u~~ ,uul r~~m~~ that fi~~rr~~~?~r'. intcrr.t ~n th~ ( ru~n~ unJrr ti~~ irrm. ~~t thi. S«urit~ In,Uuni~•ni: Ih~ i. nut ~~~n~~n:?11~ ~~hli_atr.1 tu Er,~~ thr .um..rrur«I h~ thi, Sc.urit~ In,Irtu>>r~~t: .~n~l ? ~_rrr. th:it L~n.1rr :uz~i :im ~,th~r liun-~~~~~r nia~ a,~rr~ tu ~~t~n~t. nukiit~. ti~rhrar ur ~ir.ik~• :~m ari~minl~xl:Riun. ~~~th rr„arJ t~~ ~hr i,rm. ~~I tii~. Sr~urit~ In.trun~~iu ur thr \ut~ ~i~thuut th:~t Burr~~n~r'. ~~~>it.~•nt. - _ ~ 12. Lo.~n (~har~c~. !t th~ lu.~n .r~urr~l h~ ~hi, S~•ruri~~ In.trum~n~ i. .t:h~~:t t~~ la~~ ~~hi~h ,~t. nia~iinum t~~;in ~h.u~~~,. an.l 1!1,i1 ~,1\~ 1lll.t~{~ lllli'f'1fCl~~~ Ili:l! (~1~ ltNCf~~I Iq 1~[~l~'f ~U:111 C~I:U;~~~ it~~~~C(C~ u~ l~~ f~~ i~~~~iili~~ IIl ii~Illli~Uul1 ~~Il~l l~li ~u:lll C\CC~~~ ~i~, ~,~rnuu~•.1 limh.. th~n: i:?i :~m ,urh lu:~n ~h:?r,r ,h.ill tk r~~~tur~.l h~ th~ amuunt n~~r,.:~r~ t~~ rc.lurr th< ih.u,~~ t~~ thr ~~~rnnttr~l ~.!nut: anil It,~ am .um. alr~:~.h r~~ll«I~~~I Irum Burn~~~cr ~~hi~h c~r~~~h:f !i.•nniU~.l linut, ~~ill h~ r~iunu~~i t~~ F3~,rr~,~~~r. I.~n~1~r n~a~ ~ :h~~u.r ni:~l.r thi, n•tun~1 h~ r~~luiin,~ th~ rrinri~~;?I u~~~~t un~i~~r tlir \ut~ ~,r h~ ma{.~n~~ a~1irr~t ~~;~~ni~•nt ~3c~rr~«<~•r. It r~•Iuri~l ~ • - ~;.(ui~. prinr~~~al. th~ rr.lu~ti~,n ~~il! h~ tr:at~J .i ~urti:~( ~~rrF}:ninrnt «ithuut :~ni ~~r~~r,i~iti~•~?t ~h:~r,~c• un~l~r th~ ~nt~. (3. Le}~i~latiun :\fTiY•ti~i}~ I.ender'~ Ri~;itt+. If ~ ~?:~iutlrnt ~,r r~l~ir.piun ~~t a~~~lii.ihl~• I:n~. ha, th< <Ife~t ~,t r~n.l~ rin_ .!m ~~r~~~ i•i„n th~ \~~i~• ~~r tiu, S~•~t~ri~~ ln,~r~rmrnt ~m~•nh~ri:at,lr arr~~r.lim~ tu ~t, t~nn., l.~n.trr, at il, u~~~iun. ~n:i~ r~yuir~~ imn~~Ji:it~ ~:i~mrnt :;ul) ~,(:~ll .um, .r:ur~~1 h~ tlu. S~iurit~ ln.lruni~nt .in~1 n~a~ in~ul~r :~n~ rrn~~~li~. ~~irmiUr~l h~ ~~ar,r~r.~~fi I~l. I~ Lrm1.r r~rr~i.~~ ;~;i. ,,J,tiun. Lrr.J~r ,h:~ll t:~l.~ thr ,t~E~, >~~itir~) in th~ .~r„n~l r:~r:r~r,i~~h ul ~~ar.?;_rarh 17 1~3. \~?tice~. -\n~ n~~~icr t~~ R~,rru~~rr ~~ru~i~f.~l t~~ryn th~. tir:unt~ In,trum~nt .hall h< <i~rn h~ .Irln~rin_ it ~,r t,~ niailin_ it lir.t .I;~.. mail unk„ a~~lirahlr la~~ r~yuir~. u.~ ul anuthrr nir~ixh) 'I~h~ n~,tir~ .triii h~ .lir~•it~~f tu thr 1'n~~~rt~ :\~I~lrc•.. ~~r :ui~ ~th~r :~~1~tr~,~ Iiurn~~c~r ~ic.i~~n.~te. h~ n~~ti.•~ t~~ I.~~nJ~r .-~n~ rtrt~~~ a~ Lrn.t~~r .h.~!! h; ~~i~~n h~ lir.t :Ia,• n~.ul t+~ l.~n~lrr~. a~l.?r~~.. ~~.it~.lZi~r~~in ~~r :~nc uthcr:ulJr~•., Lrncl~•r ~1~.~,~n.u~~. i,~ tu,ti.~• tn H~~rru~~~•r. An~ n~,t.~r ~~r~~~i~l.~l l~~r ~n thi. tir:urit~ In.trun~~i~~ .hall ~l~r~i~r~l ti~ ha~r h~rn ,~i~cn tn R~,rn~~~~r ~~r l.~n~1~r ~~h~n ~i~~n a, jiru~i~l~•~t in th~. ~~ar.i~~ra~,h. 1~. (:u~crnin}! I.a~~; ~+r~crabilit~. lhi. ~~~uri~~ In,trum,nt ,hall h~ „u~;rn~~i h~ tr~lrr,~l Li~~ :~n~l ~h~ I;~~~ uf tlf; ~un.~lirti~~n i: ~.hi.h th~ PruE•~rt~ i. I~k,itrJ. In th: r~~nl ~h.it ;in~ E~r~,~ i.i~~n ur ~ I:~u.r ~,f thi. S«ui ~t: In.trun~rnt ~,r tiir \~~tr ~~,ntli~t. iih .~E,~~li~ai~lr ~~...t~~. ~U~fl ~i~Il~~lil ~~l:t~~ IU~I :11~~~[ ~~lflif ~l(ii\ h1~Nl~ ~~T Ifll. ~CiUfll\ ~I1~11"USII~'lll ~~f lll~' ~~l[~ ~\~llifl i;lll L'I\~'Il Cl~ill \ll(~l~~U[ (fi~ i~Ui~~l~hlL ;~~,~~i,i„n. I~, thi. rn.1 ~h~ ~r~,~i.i~~n, u~ t(ti. ~~run~~ In.~runi~~it :in~i th~ \utr arr JrcF,ir~~~l t~~ h~ ,~~~r.~hl~~. I6. Kurro~~cr's ('op~. li„rr„~~~r .h:~i! f~r ~~i~~~n ~~n~ :~~~il~~rn~~•~I ~~~E~~ ~~I tlt~ \,~tr :~n~l u! Ihi, S~•.urin In.truin~nt. 17. 'I~r.~n.frr ~~f thr Pru~x~rt~ err a Keneficial Interc.t in Bnrroi~cr. 11 all ~,r :ni~ },art ~,I th: Pn,r~rt~ ~,r am int;r~.t ~n it . ~i~~~~ ~,r Ir.~nlrrr~.l t~,r it~.! ht't]ijlil:l~ Illl~'Ci~l I11 ti~,rn~~~~r !i ~i~~l~ ~~f If.lI1~~C1lCll:llll{ ~~Ufl~t\\if' I~ (l:~l :t I1:11UR~1 E,~r,~~iii ~~iih~,~~! I.Cllt~if ~ - ;~i~~~r ~~ntt~n iun.~nt. L~~i~l~r m:n. at it~ ~~~,tiut~. r~ytur~ imniufiatr ~~a~m~nt in ~iill ~,C al) .un~. ,~~un~1 t,~ thi. S«urit~ In,?rum~nl. f ~~~~~~'\iC. l~ll~ U~~U~~II ~~l.li~ IIUI ~t~ ~\if~l~~'~1 fl\ ~.i'll~~i ~ 1~ C\Cf~l~~ I~ ~~R~f11f~1IC:~ h\ ~i~~~f:1~ ~:1\~ :i~ i~) [~1C l~:il~ (fll~ ~~i!IfIIC III~IfUlll~ll[. fl L~n~t.r ~~~r:i.~. th;~ urn~~n. i.~n~l.•r .h:ill 13~~rn,~t~r n~~ti~c ~~t a:r~(.r:i~inn. ffi~ m,ti~~ ,h.~ll rru~ki~ ~~~ruKi ~~f n~~t than ;I) J;i~. ~r~~m th~ .lat~ thr rn~ti« u J~in~r~~~l ur ni,:ii~.i ~~ithin ~~I~i~h fi~~rr~~«rr inu.t ~~:iti all ,urii, ,~iur~J h~ tt?i. ti~iurit~ In,~rum~nt. l~~~rr~,~~~r fa~l. t~~ thr,r .uni. ~,~i~~r t~, th~~ ~~~S~iratfnri ~,t thi. ~rri~xl. Lrn~f~r n~.~~ in~~,l,~~ .in~ r~nir~li~. F~~rnutir~l fitl? ti~'ilIf1IL ffl~l(UtililN NIif1UUl ~UCl~lt'f llullii' t~f ~~Ci)7:111~) ~~:1 ~i~~rf~t\\~f. - - IK. Burru„rr'. Ri~hl tu Kcin~tatc. It 4~~,rr~,"~r m~•rt.:~•rtain :~,n~fitum.. R~,n-~~~.rr ,liall ti:i~~• thc ri~~ht t„ iia~~ rnt~,rrrn~ri;t ,~i tiii, ticcurit~ !n.trui~i~nt ~ii.~~,ntinu«I .it ,in~ tnn~ ~riur t~, Ihr .~.irli~r ~~t: i:~) ~ ~I.~~. i~~r .ti:ii ,,thrr ~~~riu~l :~~~~,li~.~hlr I:~ti~ ni,~~ ~~~~.if~ ~~~r r~in.t:~t~ni~nl~ hrti,r~ .alr ~~t ~h~ Pn,E~~rt~ ~~urwant t~,.im ~~„~~rr „I ,.~I~ r~~ntain~~l in ~hi~ Jr~unt~ (n,tru~nrnt: ~~r Ihl rtun ;i juJ,~mrn~ ~nf~,rrin,_ thi, Scittrit~ In.truin~~m. "Ih~~.r iunil:tinn..ir~ th.it Ei~,rn~~~~i: iai ~~e~. i_rzulrr ;~II .uin. «hirh th~n ~ti~~t~l~l f`i ~1Ui Ulllj:f !~ll~ tiiiUfll\ (Il~l(Lllllilll :tlll~ I~1C ~uli ~l:Ui Illl :I~:iil'f:lU~/(I i~ilUfR't~: (~tl iilft'~ .:!ll ~+C~:1i1~1 l~E :lilt Ul~lif l~`~CII'!I)h ~~f ,i,_r«nirnt~: ic~ E~:~~. ;ill ~~~~~•n,r~ ~nrurr~•.I in ~•nf~~r~im= thi. ti~cirr~t~ ln.~ri~n~~•nt. in.lu~lin,~. hut m~r 1imi~~~i t~~. r~u•~~n:ihlr :i~t~,rn~~.~ .in~l t~li r.~{.~. .u~h .~rtf~m L~•iulrr i~~,i~ r:a„~uahl~ n~ytnrr i„ .i.,ur~ ih.it th~ lirn ut thi~ Scrtn:t~ In.trum~~nt. I.~n~f~r'. n_~ht, in ti~t }'n~~k•rt~ :in~± I3~~rr~,~.,~~', „hli;;iti~~n t~~ ~~a~ th~• ~tun..~~ur~~l f,~ thi. S.ctnit~ Ii~.Uun~~nt ,h.:!I c~~nlu~ur u+trham~c~l. t`~~„n r.•in.~:ilrin~nt h~ t;urr„~~rr. thi, S«iirit~ In.Uunicnt an~1 th: ~~hli;_:uiun, .~•.ur«I h~r~h~ ~l~.~ll rrni,~in tull~ ctir~~i~~• a, it n~~ a~.~lrrauun 'ti.ul ~~~~urr~.1 H„~~~~~~•r. thi. ri,~ht t„ r~in,tetr ~tiall n~~t :~~,E~l~ in th~ ~.i.: ~~t ,i~~~•Irr:iti~~n un~ltr E~.ira~ra(~h. L~ ur I'. ~ ~ _ .n~~44i P~~;~ ~4