HomeMy WebLinkAbout0938 8. OI3I.IGAT10\S Of wERSQ\S U'tinER ?lilS \OTE
if mare than one ~xnon signs this Note, each persan ~s fully and personall~ ob1~Fa~cd ~o t,cc~ ali ~f the pram~us
ma~e in this Note, including the promise to pa~ the full nmoun~ av?~cd. An~ ~+erscm vvho is a guaran~or, surc~y or cndorser
of this Note is also obligated to do thue things. Any petion w~ho tal;a ov~r thest obt~gations. ~nclud~~g the cbliga~~ans of a
guarantor. surety or enaocxr ot this Note. ~s also obligatod to keep ail of the prom~~es made in this Notc. The Note lioldcr
may enforce its righu unde~• this Note agains~ rach person ir.dividualiy ar against all of us toFether. This rneans that any
one of us may be roquired to pay all oF'the amounts owcd under this Note.
9. N'AIYERS .
I and any other person who has obl~gatiens un~et this Note Kaive the rights of presen~mcnt and notice of dishonor.
"Pracntment" means the right to require th~ Note Holdcr to demand ~tym~t af amounts due. "Notict of dishonor"
means the right to roquire the Note Holder to give notice to ather persons that amo~nts due have not becr? paid.
l0. UN1FORl1~! SECURED NOTE ;
This Nott is a uniform insttumtnt wit}, limitod vari~tions in some jurisdictions. ]n addition to the protections given ;
to thG Note Holder under this Note. a Mongage, Deod otTrust or Socurit~ Lkcd (the "Security Instrument"), dated the . ;
sam~ date as this Note. pro~ecu the Note Hoider from ~OSSible losses which might rault if I do not ketp thc promises 3
which 1 makr in this Note. Ths~t Security Instrument describa how an~ under ~•hat cuncfiti~~ns I may be req~ired to make a
immediate paymrnt in full oTali amounts I owe undu this Note. Some of those condit~ons are~escribcd as foliows:
Tnasfer ot i6e Pcoperty or a Hene6cia! lntertst ia Borrower. lt atl or any part o! the Pro~ny or
any interest in it is sold or transterred (or if a beneficial interest in Borrower is sold or transtcrred and
Borrower is not a natura) pcrw.:j without Luider's prior written coruenl. Lend~r may. At iu option. rcquire i
immediate payment in full of all sums socured by this Socurity lnstrument. However. this option shall not br ~
eaercised by I.ender if eaercise is prohibitod by foderal law as of t~e date otthis Secunt~• Instrument. ~
If Lender eaercises this optioa, Lendu shall giv~ Borrowsr notice of acctleration. The notics shal~
provide a period ot not las than 30 days from the date the notice is delivered or mailed within which ~
Borrower inust pay all sums s~cured by this Security lnswmen~ lt Borrower fails to pay thac sums prior to ~
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the expiration ot ihis period. I.ender may invoke any remedies pcrmittcd by this Security Instrumrnt ~
w7thout furiher notic~ or demand on Borrower. ~
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W[TNESS THE HAND(S) AND SEAL(S) O~ TNE UTJDERSIGNED. ~
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