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HomeMy WebLinkAbout0934 r~11~ :In1uU111~ ~fuhur~r~ b~ t rn.l~r unu~r ~nu paragrapn i~nau t~r~u~nc auw~u~uai u~~~~ ~n u"~~.~..~~ ln,truni~nt. l~nlr.. B~~rn~~~rr an.1 l.rn.l~r agrc~ t~~ ~Hh~r trrnu ul ~~~it~n~. ttkx amuunt„h:tlf int~ r,t Irum th~ ~at~ ul ~i,hw,~irnnt at th~ Nut~ rat~ and ~hal! txx pa~~hl~, ~ith int~rr.t, uFxm nutir~ irum L~n.l~r tu Bu~roNCr ~~ir~ing Ez+~n~~ If L~nJcr rcyuir~d murtgag~ inwranc~ u, a ~un~litiun uf mak~ng thc luan .rrur~J hy this ~crurity (nstr Burru~~~r .hall 1 4k~~ th~ prcmium, reyuir~J tu maintain th~ in.uranc~ in ~ti~Yt until .urh limr a, th~ rcyuirrm~nt ti?r th~ in.uranr~ trnninat~. in a~rur~anc~ ~ ~~~th Burru~+~r~~ and L~nJ~r's ~~ritt~n a~r~iment ur ,~ppli~ahle la~~. ~ 8. Inspeclion. L~nder ~x it~ ag~nt ma~ mak~ r~a.unahl~ rntrirti uEx~n anJ in,~x~•ti~~m uf thr Pru~xrt~ . L~n~~r ~hall ~i~r Fiurru~~~r nutic~ ~t thc lime uf ur priur tu an im~xrtion ,~xrifying r~a+imablr rau.~ ti?r th~ ins~x~tiun. 9. Condemnalion. Th~ pnxrcJ. uiany a~~ar~i ur ~laim li?r damag~.. ~ir~~t ~+r r~m.~yu~ntial, in r~~nn~cti~~n ~~ith an~ run~i~mnatiun ~~r ~,th~r tal.ing uf an~' part uf thr Prn~xrt~~. ~~r ii~r ~un~~~ancc in li~u ut~r~m~i~mnatiun, ar~ hcreM a..ignc~ an~l,hall tk pai~1 t~~ Lrn~~r. ~ In th~ ~v~nt uf a tutal taking at thc Pm~rt~, thr pruc~cJti shall tk applieJ t~? the .um~ ~crur~J h~ thi. Se~•urily Imlrumrnt. 3 ~.h~thrr ~~r nut thrn Ju~. ~ith any rrr~.~ pc~i~l t~? Burm~~rr. In th~ e~•rnt ~~f a partial ~aking ~~f thc Pru~xrty, w~l~,. Burru~~~~r an~1 L~nJer ~xh~n~i.c agr~ti in ~?riting, thc ~um, u.~urai h}~ thi. S~rurity In~Irumcnt shall tk r~durcd hy th~ amuunt ul th~ pr~k~~J~ multipli~~ h~ th~ ti~llu~~ing fra~tiun: th~ tutal anwunt uf ~he wm~ scrur~~f imnudiutely hefure the ta~.ing. ~li~i~lr~l hy Ihl ~hc lair mark~t ~:ilur uf th~ PruExrt~~ imm~Jiat~ll' tx'fure Ih~ ta{.ing. Any halanc~ ,hall tk paid ti~ Burru~~~r. ~ If th~ PruEx:rt~ i, abanJun~J hy &~rm~~rr, ur it, attcr nutir~ h~• L.n~~r tu Bi?rruw~r that thc c~m~rmnur ~~if~n t~~ mak~ an .i~~ar~l i~r .~ttlc cl~im f~~r damag~.. Bi~rru~~cr ~;iih tu resFxm~f tu LenJrr ~~ithin i0 ~la~. aticr th~ ~at~ th~ nutir~ is gi~rn. L~n~~r i> authc~ri«~ t~~ collcrt anJ appl~ th~ pnk~~~i~, at it~ ~~ptiun, cithcr t~~ r~>t~+ratiun ~~r rrpair ui thc P~up~:rl) i~r t~+ th~ tium~ ~~~ur~~l h~ thi. Scrurit~ In~trumrnt, ~~h~thcr ur n~?t th~n ~ur. Unles. Lender and Burru~~~r ~~then~~i~e agre~ in ~sriting, .in~ applirati~m uf pnxrc~i~ tu prinripal shall n~~t r~tcn~i ~~r ~x?,tFxmc ~he ~uc Jate uf the nu~nthly payments rrferreJ tu in par~graph. I an~ ? ur rhangr th~ anwunt of ~urh pa~m~nt~. 10. Burn?Her \ot Rrleased; Forbearancr B~ Lender tiot a~~'aiver. Extemi~m ~~f th~ time ti~r pa)mcnt ~~r m~xlit7ratiun ~~t anx~rti~ati~m ~~f th~ ~um~ ~erur~d hy this S~rurit~ In.trum~nt gr:~ntr~ b~ Lend~r t~~ am ~urre~u~r in intrrr.t of Burm~~er .hall nut u~xrat~ to r~l~a.e the liahility ui thc uriginal Burru~~r ur &~rru~~r's surrrssur. in interest. Len~i~r ~hall not hr r~yuirr~l tu c~~mmcnrc ~r~xeeJin~_~ a~ain~t any ~ucre+sur in intere~t or r~i~u.e tu ext~n~ timc li~r p:i~ mrm ~ir ~?th~r~+i,c m~xlil~ amorti~~tiun of the ~um, srrure~ hr thi. Se~urity Instrument hy r~a.~m of any demarxl m~d~ by th~ urigina~ Burru~~~r ix &~rruwer'~ ~ucre~x~r. in inter~st. An~~ ti~rtxraranc~ h~ L~n~~r in exercising am~ right or remed~' ~hall nut h~ ~~ai~rr of or pr~rluile th~ cxerci~~ ~~f an~ right or~rcm~J~~. l t. Successors and AssiKns Bound; Joint and Se~eral l.iabilit~; Co-si~nen. Thc ce~vrnant. and agr~rmrnt~ of thi. S~curit~ Ir.~trumcnt ~hall bind ~rxt txrnetit the surc~su~r~ and a.signs ~~f 1_rn~ier an~ B~~rru~~~r. wbje~t t~~ thr pro~ isions uf paragraph 17. &?rrc~~~cr'. ~~i~~nant. an~1 .i~r~cmcnt> >hall tk j~~int an~1 ~e~eral. An~ Burru~~~r ~vhu ro-,ign. thi~ S~curit~ Irotrum~nt hut ~i~x:s nut rr~rute thc \~~te: la) i, r~~-signim~ this Security Instrumrnt unly tu mor~~;;;ge, grant and com~c}~ that Burn~wer', inter~,t in thc Pmperty un~~r th~ tcnn, ~~f thi~ Securit~ Instrum~nt: Ibl i~ not ~xr+unall~~ obligate~ tu pa~' th~ ,um~ yecur~d h~ thi~ Security In~trum~nt: c+nd Ic1 a~_r~~. that Lcn~cr an~ any uther B~~rru~•cr ma~ aLrec tu rxtcnJ, m~~ity, furtkar ur makc sny acrumm~xiati~~n~ w•ith rc~arJ t~~ th~ [~rm~ ~~t thi. Sccurit~ ln.trum~m ur thc Nutc ~~ith~?ut th~t BorroNer'~ ron~ent. 12. Loan ChurKes. 11 thc luan .~curr~ h~ thi~ Serurit~ ln.trumcnt i~ ~ubjrct tu a I:~~~ Hhirh ,~t~ ma~imum lu;~n char~~cs. an~ ?hat laW iti tin~ll} int~rpret~il ,o that th~ intrr«t ~~r i~th~r luan rh~rg~. rollccted ur tu tk ~i~llcct~~ in runnertiim Hith the luan ~~r~c~1 th~ ~xrmitte~! iimit~, th~n: la) an~ tiuch I~~an rharge ~hall tk re~ucrd b~ Ihc am~~unt nr«.~ar} t~? r~Jurc thc rhar,~e tu ~he ~rmitt~J limit: an~l Ih; an~' w?n~ alre:~dy a?Il~cte~l fmm B~~rru~~er ~+hirh exc~edcd ~xrmitted lin:it, ~~ill be reiund~J to Bi~rru~~•~r. Lendcr m~~ 1 ~hix~s~ t~~ mak~ thi, rcfun~ hy rc~urim_ the prinripal uti~cl un~er the N~~t~ ~~r h~ making a Jirert paymcnt t~~ Burru~v~r. If a refun~ j r~~u~eti prinrip:~l, th~ r~ducti~m ~+~ill he tr~at«l a~ a p:~rtial pr~payment ~~ithuut any prepa~ment charge un~l~r th~ Nut~. ~ 13. I.ekislation Aft'irtinK Lendrr's RiKhts. If enacun~nt ~~r rxpirati~m uf appli~ahl~ lu« s ha~ th~ cff~rt ul rcn~rrinz :~n~ pru~ i.i~m uC th~ \ut~ i?r thiti S~~urit~ In,trumrnt uncnlorc~ahlc xrurdinz w itti t~rnu. L~n~l~r. at it~ uption. ma} r~yuirc immc~iiat~ pa~mrnt in tull uf a{I .um. ~~rure~i h} thi~ Srrurit~ Imtrumrnt an~i mac in~uke an~ r~mrdi~, ~rmitte~l hr parugraph ly. If L~n~icr ex~rci.c. j thi, uptii~n, l.~n~1~r ~hall tal.~ th~ ~t~p~ sExrifi«i in th~ xc~m~ p~ra~~raph ~~f p;~ragr~ph 17. 1~3. \otices. Am n~~ti~~ t~~ B~~rr~~~~~r pru~i~1~~ tiu in thi, S~~urit) Imtrum~nt ~hall tk gi~rn b~ ~~li~rrin~~ it ~x h~ mailim~ it h~ tir.t rla~, mail unl~., applirahlr la~~ r~yuir~~ u.r ani,thcr m~thixl. The nuticc .hall lx di~cct~d ro th~ PruEx rt~ A~~ire~ti ~~r am ' ~~th~r ~~~1re~~ B~~rm~~~r ~i~.i~_nate. h~ rn~tir~ tu L~nJ~r. Am nutir~ to L~nder ~hall tx gi~en b~ fint cla~. mail t~~ Len~rr', a~i~rc,. ~t.~t~~l hcr~in ur.in~ ~uhrr a~~1rc., LrnJer elc.i_,nat~~ h} n~~[ire U~ Burrin~~r. Am n~~tir~ pn~~icir~f ti~r in thi~ Sr~urit~ In.trum~m.hall hc J~em~ct tu ha~c he-en ~i~cn tu B~~rri~~~~r i~r l.~n~l~r ~~h~n ~~i~~n .i, pnni~e~l in thi~ para~~raph. 1~. Go~ernin~ l.a~~: tie~rrahilit~. 'I~hi, Srrurit~ Imtrwnent ,hall i~x g~~~rrnc~l h~ f«I~ral la~~ an.l th~ la~~ ~,f Ihc juri~~ictiun 'j ~n hirh th~ Pr~~~m i~ likat~d. !n thr ~~~nt that an~ pru~~i~i~m ~~r rlau~~ uf thi~ Sccurit~ Imtrum~m ur th~ ti~~t~ r~~~jtlirt. ith ap~licahl~ ~ la~+. ,u~h amtlirt tihall n~n ~It~rt ~,ther pru~ i~i~mti i~fithi. Srrurit~ In~trum~nt ~~r th~ ti~~t~ ~~hich ran tk ::ic~n ~f(~ct ithuut ?.hr c~~ntlirting F~ru~i.i~m. Tu [hi. ~n~ th~ pru~i~ii~n~ u~ thi~ Srcurit~ In.trun~cnt ancl the \~~~t~ ar~ tle~l.~re~l t~~ he ~e~~rahl~. 16. Borro~~er'ti Cop~. B~~rnn~er >hall hr ~_i~~n ~~nr ~imti~rm«I c~~p~ ~,f thc tiut~ .+n~ i~f thi. Sccurit~ Imtrumcnt. 17. Transfer of the Propert~ or a Beneficial Interest in Borrower. If all ur an~ part ~~f th~ Pr~~Fxn~ ~~r ~m intcrr,t in it i. ~ul~ ur Iranf~rr«l lur it a tknetirial inFer«t in B~~rn~~~~er iti ~~~I~l ~~r tr~mt~rr~d an~l B~~rru~~~r i~ nut a natural p~n~m) ithuut Lrn~~r~~ ~~riur rittrn r~~mrnt, LenJ~r ma~ , at it. upti~m, r~yuire imm~~iate pa~ n~rnt in full ~~I all tium~ .erurr~ b} thiti Sriurit~ In~trum~nt. Hu~~~~~r. thi, upti~,n ,hall n~u tk ~r~rri.rd b~ l_~n~~r ifcxcrrix i. pmhihitrd h~ te~i~ral la~~ a~ ~~f th~ ~iatr uf thi~ S~rurit~ Intitrum~nt. If L~n~1er cx~rri~cti thi. ~~pti~~n. Lender >hall ~~i~c Burrinr~r ni~tire ~~f acr~lcrati~?n. Thc n~~tire shall pr~~~i~~ a~ri~xl uf n~~t I~., than 31) da~~ tm?n the ~fate the n~~tire iti ~1eli~~red ur mailed ~~ithin «hirh B~~rm~~er mu.t pa~ all tiums .erure~ h}~ thi, Scrurit) In,trum~nt. If B~~rm~~~r fail~ ti~ pa}~ the~e ,um~ pri+~r U~ the expirati~m ~~f thi~ ~rii~. I_~n~cr ma~ im~~ke am r~medi~, ~rmitt~J h~ thi~ S~curit~~ Imtrunicnt ~~ith~~ut iurthcr n~~tirr ~~r ~lem~n~1 ~m B~~rru~~cr. ~ 18. BorroHer's Ri~ht to Reinstate. If Bi~rri~~~cr ~ne~t. rcrtain r~m~itii~m. B~~rrin+rr tihall ha~r thc ri~~ht tu ha~~ enii~rrem~nt ¢ ~~f thi. Securit~ In.trument eli~rimtinued at am time prinr t~~ thc ~.irlicr uf: la? ~ I~~r wrh i~tii~r ~rii~J applirahlc I~~+ ma~ .~xrif~ t~~r rcin~tatemrntl heti~rr ~:~Ic the Pm~xrt~ pur.uant t~? am p~n+~r uf ~ale r~~ntaine~t in thi~ S~rurit~ ln~trumcnt: ur Ih) rntn uC a ju~lgment cnfi~rcinz thi~ Sccurit~ Imtrument. Thus~ r~~n~liti~m. arc that E3urr~~~~er. (a) pa)~ L~n~fer all sum. ~~hich th~n ~~uul~ h~ ~iur unacr thi~ Sccurit~~ In~trum~nt and the N~~t~ had n~~ ~rcclcratiim ~xrurrcd: Ihl curc. an}' ~1cf~ult c~f any ~~thcr c~~~cnantti ~~r a,zrr~mentti: (c) pa)ti all e~~xmeti incurr~d in ~ntiirrin_~ thi~ Securit} Imtrument. inrlu~ling. hut n~~t limite~i t~~, rea,~mahlc att~~rne~.' ~ t~~`: an~ I~il tak~~ ~urh arti~m as Lrn~cr ma} r~a~unabh reyuire t~~ a~,ur~ that thr lien ~~f this Scrurit~ Intitrument. L~n~ier~~ ri~~ht~ ~ in th~ Pru~n~ an~1 B~~rr~~~?cr'. c~hli~~atiun t~~ pa~ th~ ,u?ei. >crurcd h} thi, Sccurit~ Imtrument .hall r„ntinur un~h.in ~«i. l?pcm ' rrin~tat~mrnt h~• Bi~rmHer. thi. Serurit~ ln~trumrnt an~i the ~~hligati<m~ ~ccure~l hrmh~ ~hall rrmain fulh~ eftccti~r a~ if nu a~celcratiun P ha~1 ix-rurr~~l. H~~~~c~~r. thi~ ri~~ht t~~ rcin.t~tc ~hall n~~t appl~ in the ra.~ uf a~r~lrrati~m unJer para:raph` I? i~r 17. I F ~ ao~K 453 PacE 93Q ~ ~ _ ~ ~ - - - - - ~