HomeMy WebLinkAbout0951 . ' I
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If I am in detaul~ t!~ Note Holder mtY ~end mc a writtea natioe tellin< <t~e that if 1 do nat p~y the ovttdue amount • ;
by a oertaia date, t6e Nwe Hoidet auy roq~ire n~e w pay immedistely the fult amount of Qrincipal whicb has not boen ;
~id aad all tha iat~rat tbat I o~e on that aawuat. Thst date must be st leut 30 days after the date on which thc noticx
is deliverod or maibd to a~e.
(D) 1Vs Wi~i~ ~ NNe ~i~iiK
Even if. at a time rri~en t aan ia detiul~ t6e Nete Holde~ doa not roquin me to pay immediately in futl sa described z
abave, tbe Nct~ Ho{der ~ili riiil bave trs ris6t w do ~o if I ant ia defiult at a later time. ~
P'sy~t NM~ Hr1~r"s C~ a¦d Bx~~+s .
If il~e Note Ho~der bu raqnirod ma to pay inunediat~o~y in full at dacribed above, the Note Holder will have the ri~ht .
to be p~id b~dc by a~ for s11 of ii~ oa~ts sad expeaies ia a~t'orcin= t6is Note W tbe extent not prohibitod by appiicaWe law.
T'tro~e e~pen~e~ i~dtide, tc~ w~ampk. raioe~bk atton~eys' fees.
s. GMNG OF' N~t1CFS
Unkss apptiwbk 1ss reqrira a diRermt mttbod, any notioe tbat must be pven to mc under this Notc will be given
by delivains it a by a~ailia~ it bp 6r~t das mtit w me at tbe ProQertY Addras above or at a diBerent address if I aivc tbe
Note Hoidet s sotios o[ ~eneat adir~ar.
Any notioe that ~wt be jiven w tie Nate Holder ~tnd~r thi~ Note w~ill be pvtn by mailins it by first class mait to the
; Note Holder st tbe addt+rs wted i~ Sectio~ 3(A) abore vr at a different addrtss if I am given s notice of t6at diRerent
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~ 9. O~LtGA710KS Af !ElSOIMS UND~ '[f~'S rK~['E ~
~ It m~e tbu o~ p~rso~ a~r tWs r(o/e, e~ pe~ ~ fnUy aad personally obli~ted to ~oep all of the promisea m~de
` in tbis Nde, i~ tMs pt~ire ~o pay tie fi~11 aaw~st ared. Aay Pa*wn wbo is a auarantor~ surtry or endorser of this
~ N~ ~~~p~ ~~O ~~e t~i~p, My perp~ wro tair~o~ ~ara thae oblisations, inciuding the obligationa of a
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tuari~tor, wntT ar ario~ser d tW Na1a, it aro obiipe,ed w loee~ all of tbe prc~a?i~a msde in this Note. The Note
r HoWa msy safaroe its rybts ~ad~ tW~ N~ ~airt ac~ peaoa iedividnaUy or atainst all of ut to~etber. This means
` thiE iay o~E et Mt aiay be Teq~i»d b p~y ~U Of tLe ~n0iII4 Otrad ander t~is NOte. ~
4 lt~. ~+AIV~S
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` I and say ety~t persou w,~e bat obtiptio~ nnda t~ Note waive tha ri~ts ot praentment and notice of dishonor. ~
i "pn~eotn~,t• me~as t~e rifht do roq~ir+e t~s rlol~e Halder to dpaand paymeat of amounts duc. "Notice of d'uhonor" ~
~ means tbe ri~t w roq~in t~s Ncte ~ioWer W pve eotia w ot~er perwo~ t6at amounts due 6ave not bxn paid. ~
i l l. UMF~O~1M Si~CU~CD NOIZ ~
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~ 't~i~ Nwe i~ a saJa~r~ iastrs~t wit~ lionited ruiatioo~ in ~ jurisdictio~s. In additioa to the protoctions aivea ~
i to tbe Note Hoider ~ t~it Nds, a 1~tortis~e. Deed of Trnst ur Saarrity Deed (the "Sacurity Irutrument"), dated the `
same date as this Nete, pro~tects tbe Net~e Heider ft+oaa porpbk lawea ~hicb rtu~t retult if I do not Iccep the promisa
N which I mshe ia t~ Nete. That Sea~ritp I~trtiaaa~t dercribet bo~? and yadt,r ~hat ooaditious I may be required to
make innmediata p~y~t iu fnll oi a11 seorats I ow~ n~det tl~i~ Note. So~ne of tbo~e oonditions ate de~cribed u follows:
T~a..E.r .t ~r t~et~ .r s r¦.ieW I.awt ~.....~r. If aG ~~ny p.rc ~ che Property or iny
inta+at in it it ~id ar tnast~rrod (ar if a beseliail ist+ayest in Bdnowa is iold ar tramfaced and ~orrower is
not a nat~rai petso~) witbont L.sudrr'~ prior writtea ao~at, Lr.e~er may, at its optioe, requin immediate
Pa~ra~eat in fi~110[ all a?ms ~atred by tLi~ S~airitp Ia~trsmeac. Ho+~?evu, thi~ optiae :hall not be exercised by
L~enda if a~rcirs is pt~ol~ibit'd b~? fed~r~l 1~w ss uf ths datt~ of tbi~ Sea~tity I~tru~cn~ Leader ilso shall aot
e:erei~e thi~ eQtioa if: (s) Soce+aw~r ca+~a~t to bs ta~boitted to Lead~a infocm~tioa required by L,ender to
eralwte tbe iet~aded tranla+ee ~ if a~e~r loaa w~ee~s b~i~ a~d~e to t5e tn~[aae; and (b) I,ender r~asonab{y
deta~ani~oe~ t1~at L~d~r's ~cc~rity wili sot bs iio~~aind b1? tLe bu a~a~mption and that the rislc of a breach of
any eo~raaaat or air~at ia thi. Searitp I,+rtr~tm~e.c it aeoaptabk co La~der.
To tbs a~teat pKesittsd by ap~liabk 4w. Lwder eaay cLar~ a reaiooable f~e ss s ax~dition to Lender's
coo~eat w the faan aawmptioa. I.~~de~r e~Y a!w r+,q~ire tie tra~taee ta ~n an atsumption atroemenc ttwc is
ae~aptabk to I.aoder aad tyat obliMtas tbe trsrr~f~na to twp all t1~a pr+omi~eE sad a=ro~reats cnade in the Nate
ud in thi~ Sea~ritp Instrumea~ ~r~ ~rill oo~tia~s to be obli=sted uader tbc Note snd this Socurity
I~t aale~s I.~nder t+e~ea~t ~orr+owr iw irritia~.
4~7 ~~~~E ~50
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