HomeMy WebLinkAbout0917 . . .
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`I~ I.~~~
~ t~~Cl r~`~t ins~ice a~' ~~3~i~ditto~~'~f r~k~n~~ect loan secured`~ t~` Secu~~lt'~.
_ . '&k~ ~ Y~~~~1'~'mc~t,
C
8orrowe~ s}idl rem~~s r ~ted't~'~lainf~l~ the tns~rance ~n ~~'il s~ch tit~. .~s'~thc ~'e~'ql~`e~~`~t'ft~tic
~ ~ ~ ~9 3 ~ ~ .
q .
insuranco t~ nates i~i'ac~C~'~fic~ w~t H~""ower s`"~nd Ixnder s wnttbn ~greement ~a~plt~`a~le l~w. -
..,8. I~spection, xF, r ~ . ~
I.ende c~~ t~~ ~nt fh kc reasona'~te e'~f~r~es upon and ins ft~'ii~ i
1ii'~ P~
shaU giv~ H~wcr"~fic~~t thc t' r e n~ , n', salio'~'s` ~ f Yin reasonablp caus~`c" for thc ins ti~`~~~~~d~~ '
P~ P~ Y ~ 6 pec •
9.'~' C
o n d e m n a t i o n. ; T h e~~~ c e
e
d
s a f a~
i'' a
w~ ~ t~~ l a~
i~ f
o r d a n
fi a g
e s, d u
e
c t o r'~
fi
s
e
q u e
n t i a l; ~ n c
b n n e
c t i o~S W i t h
an coiide`~inat~~'n°~~~~bt c~t'akin ~'bf'~i?' ~
Y ~?~art ~~`ythe F~opeity`.
~~'"`or fo~'~o~~eyanc~ in` Iiet~b~P ~°~fc~e~[nattt~i;~a~'~°h~re1S~ •
ass~gneil anii'`sh~il~~~~L'~"i`d~`~. _
In the ~
q „ th~' rp~eeds sha)
8 !'tY.
Instru~te~t, w~ en~t'`"of ~``bta~ tak~n of'~i~TP i~"~'~~ie~ to
th'~s'~'~'is securecl~b'~'t~it~`'Secti~Cy
W``
~ ethe~"`~c'~t~t then
due, with exc~s pa~d to B~v~r"In~h~~eve~lt~f r~ial tafit~#tg b"~t Prop~i~~r,
. P,~ .
unless Ba~we~~and Lende~' other~ise agree in.wntin~; the s ms sec~red by ~h~s Sec~ity Instruni"e~it shal11~red~ci~~iy
t4e aiit'oant ~i
thc pr&eeds`r~iu~~iplied by~t~ie
~~lowin fi`actitin~'"~the~'otat amo~i~nt'of t~e~`~ms'sect~red immediatety ~
g 0
befo~e
thc'~i~k~tig,~div~`d~ by
(~h~'{a~m~rk~t `v"afu
of th~' P~p~'~t~~mi~diatel~~forc tHe taking`.~Aily batarn~ sNall h~
pai~~er ~ x . ' ~ ~
lf t e P `rt ~s abandone~ b~Bo'"~"ower; ers to
or settl~ a l~im for dama es,
~ y`g ~ Bo°i~o~~~~'a 1 to res!lpon~to'~I
eii~e
~vit~hin
3b
days~ft~ t'~`dat~th~ nSt m. P
e, ~ce ts
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~~I.end~is at~ honzed tc~`cillect ai~d a` 1~the rdceeds, a'
t i~ts o ridn, e~tlie~~ rest~~att
„ pp y p p on or ~"e"pai~"o~ lh'e" P~~{`r`t~
g 'SUrifess ur~~h~s Scti~ty Instrument, wh$ther or not then due.
tven~ - , e.~, , _ ~ , . ~ ,~w~. . _ _ ~R
to t~?e 6 . ~ .r,,_ 8 Y PP ~ . . r : ~ ~ r, ~ :
caabn of r~'ceeds ro~i~i 1 sh'~1~ not ext
~ ,
post~one~the
due date
of`~th~ mo
thly payments referred t
t~n parag aphs~ ~ P`' p ~ t of such a end "or
; } ~ffi~Y :~'s.,'1 and 2 or change t`he art~ur~ p yments.
10 Bor_ rower ot Released; Forbearance By: Len
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V~, a' M Secunt t Instrument ranted~ b, Le der ime~t`or payme~t 'ot
modific~t~on of`ar~`8rt~zati~n ~ ~v y~, , y M g~ yM Y to any~"s~ccessof in
~ ~ of the sums secured b th~s
~nterest ~f`Bort'owe'~i shall not operate to release the liab~l~ty
of the:original Bor`'~wer'~r Borrow~i-'s su~cess~irs in int~~est. ~
Lender'shall not be`te"~u~red to commence proceedings°again's~ any successor` in~i~itere'st y refuse"~t~ exteri~ tirr~e'fi~`r`
payment or"o`therwise`mod~fy amortization of the s`ums secured b~' this Securit Inst~umen~ b` 'reason
of an'y`demand made
by the`orig~na) Borrower or Borrower's'successors in interest: Any forbearance by Lende~`in"'~x `e'~cising ~any right or°Pem `edy
' . r
shaq not be a warver $f or reclud thP exerc~se of an n h ` ' l` ' t. . s.2
~ , ~ .,.:;~y~s ' ~y . F .
11 Successors a d Assi s Bound• Jqint and Several Ltability; Co-signers. The'~`o'venants'and agreeme~is`~~f
this Secunt~ In'~t~-umtnt s3~ap b~nd and benefit the successors and ass~gns`of Lender and Borrower, sub~ect t~ih~ pro'~~s[ons
of paragr'aph`~17.A Bdrrowe~'s'~bv~nants and agreements'shall be joint and.several °Any Borrowei who"cb-signs this
SeCt~fity
.,n Y. ~ L.o r,z{~ e '
lnstrume~t b~it does not'ext~~lte the IV~te: is~asigning this Se~un'ty~°Instrument only to m~rt~'age,+grant and ~'bnvey: '
th~t B~1'i`ower's ihte~~st ~n the Pfo rt un
the sums sec6r~'d b th~s`Se~'t~nt Inslructfent tan'tefins bf thi5'Secunt~''Inst~iim~nt; (b) ~s riof p~rsonally"bbligated to pa~r
m~~f ;~f~ili~'~~'`o~make'~~iy`a~c'orllm~dati d~~} agrees° that~Lender'and'ari'g`bther B~~ower may agree t6 ext~r
d.
Y ~ ons withk~ega~d t~'th~~'t~rms~b!"~his'Seci~iity~Inst~timent o~"fN~'Not~ iiV'~th~'t
that Boi'~'ower's ~onsent. - ~ _
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~ . . ~ ,
~ g v - , ~ . ~ ~ "whic~h"setsinaxu~li~`'lisan
g 12 Loan Char es I~~heloap s~c~re~b-~ thi~Sec.~nt' Instrui~cnt,oan eh~i'tes~coll~'cted or t~ be colli~et@d-in
. ° - %4 8 . II ~ ~ ~ . , ~ " " F
cHar es, and~ tt~at law ~s finall mier reted so'.that th~' interest or 8ther g
coilne~ti~"ri' i~v~th~th~'°loan~eit'ceed the'pe~m~tted_Lmits ~h~~'`(a) an~ch Ic~an'~charg~ shaUpbe redi~`c'~~ti~the a~ourit
n~cess`~`f~'Tt~'r~di~c~ ~the~'Ch~rge t~"th~ pecinitted limit; and~~b)`ah~i ~iins al~ead~'~oltected fi'btt1~ Bor~ow~r wh~ch exceed~'d
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rrn~tted Iitfii be iefunded to~Borrowerr4Lender may"chbose to"'~m~k~`'this`refund by'`redu~in~thu'~`~~iri~clpal~oviie~d ~
~~~`b b~'r1'~aking`a
dircct payinent t~ Bvrrow~c~ If ~ re!'und'iec~il'ce~ pri~"cipai; th~ tedt~cli~i~ wiifbe tre~ted as a
" r~fent witho~t an re
p t}~~~~Y , t ch~rg`e'f~nd~th~N~te.
uart~~dl,l3. Legislat~on •AffecNn ~ Lende~
s Ri ts. - If enactin~fit~'o~ ex ir~tibi~L~of' ~'li ~$1 ' yl`' 1:~
.4 . B..M 8h ~ W ~ a~P c~ab aws has th~ eH'ect ~f
renderin T~n ~o~r~~lo`tr"of tlie Note o~'ihis S~~it"In§tiuirfe~t `itnenfo~Ceable~a~ , b _
8
~ ~brdtng
t~"3f~'t~~rils~~Lender;
at its`~J`~'tion,
ma' ~1~~ i~tne~~~t~ a M~1~t
Yµ ~1. ' p,~ fi111~`of~it s(i~ts stc~`~ed b~ ,t~i , : .
` . $ ~ ~ is Sc~u~tty In~t~dr~ier~i~~~id i~i~~"t~volt~~`an~``~eiiledies
~p~~fiitteclb~~'p~°i~agtaph.l9:=I I:e~dercaer~ises~this:option, I,ende~i~st~~ll't~k~'ilieste~°"sp~cified~i~h~'seco~d`p3ragrapk'~f
.
~pa~a~r~~h !7. ~
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14 No'ti~~s. ~An~ati~~'tti Bd`~o9i+e`~~pi`ovtded f~f iti''thi~ S~cu~it~In~i'~r~e~t sn~il b~i~"~b'q''deli~renn~`it ~liy
inatl~~ `°,~3'~ firsf class~ ~il u'rll~sspappli~a~le lav~`r~~[tires~`t~~~~f~fic~th~r: method. ~fhe n`~'t~~~~sh~lt'be`'direcied~tc'f~he ~
~
P~ g A~are~s ~r~~~ri ~ther adc~ress Ba~ow~~`d~'signates by-'n~`tice tb'~Le~der~A°n~'~~tic~'to~"I:e`~ider
shaD~be givei'~'by
,~first2las~~sail t~`~I:~~tde~'~°ail'dr~~t~ted{h~rei~~t~~t~y otlic~`address I:cnd~i"de°s~ 't1~te3'b'~ r'?oti~~ t~5 Bt3~oiver.~An~''~`i~`ti~e
p~c~vided"frl~i`I~"'ihi~'St~~i
it~I~f~it`fir~~t ~h"~1~1i~'`deei~ie~'i~tfia~`beei?'~i~eifift~d~
ow~'~'b}f I:ende~ wh~~'give~s'~fi~vid`'tii
in Ffhis'~ • ~ ~ ~ ~
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5~ Co ernin Law `Sevprabillty. Thi~$c~tT`rity'~I~~l~ui~terlt s}i~~f~ gov~~'n~`b~aft~'d~#~I~la~ a~id'the~la~f~''~h'e
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£~urisdi~ti~r~~i~i~~h"~ti~ P~bp~t~is~l~~ted. t~~h~
~v~~t~t~d~"~'~~r~~tuzi'sla#~'br~ct~us~~~'t~this~Sec~t~it~?"Ia'st~~~r~t:'bf~'the
~ ~`~fil~t~~tv
thffi~~li~bt~~lavv;~s~h~?fli~~~sti~ll`~t~t affe~t~tlfi~~ i~ov~sioi~~~~f thi~"~c"ii~'ri~'y In~i~t~~r~t~br"`"~- 1i~~t~fe
_
whic~
~ ~t li~`C'~"'be'~ii~`eD°~fft~t wi(ti~(it~1t~`~hAit~iin~~P'~i+visidn:~Tb~hi~~e~d~h'~
~Y~~i~i~ins'~f~~l~i~`S~~ity~In~~(Ifi~t~~r~t'dithe
~`V~ft~t~"`d~l~~ed~`b~
s~~~table. -
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'`'16. ~BBfi~bvr~r'~Go~y, "Bb~`ov?~'~}iall~~~ive~i'~l~~e~fdl~ned"~~~~i`'~h~of~'~°~`d ~f'~~ti~
Se.+~t~t~'"tt'i~t~trite~tt.
'`"`i~ T~ansfe~'~'~the P~"o~~"`b~~~~B~neBFfsi Inteiest~in~Bor`roa~~r. 'ff~11~i~~?'~t~f*"~}~~"~P#~~br any
; _
, mtere3~t`ii~'iC'i"s"Sold~"~~~~f~''"~(8~"it'~`benefr~l~l'i'r~t~rest~i~ B~o~i3~1`ti't~fi'`~PE~~t~ti"~`ri~'~~"`dw~r is`[~o~'~73~1i1"~~1
: r~b~)~+iih75~t~I.~~t`tl
. ~ ` " ~di~t~j~t~e
s~~cured~b~'thi~Sc~~Pi yslti3'~t~~t ~ia~evcr~
his°+~"~i
~t~d11~
li~'"~x~~lsed'b'~L~"#~~~~t'ext~`~ ~i~ti~li~if~~ll~~s
f~'d~`~l lav~''~f~'~ti~d ~ ~ ' iss~ is~~i~it~~by ;
' " 'cy~
~ ~`f~Sf
~his`Se~~i~ Irf'~i~tli~~t.
If
~Ler~d~ ~xercises
t''~i~s"~'~tt~°n; I.etlde~'`sh~ll'give`B~~fowe~ ii~blic~'~f accete~fiti~i: ~~ie~ sh''~Il~'"~zlew~"`~~ibil
`of~'les~iff~n"3~~iay~`fi~''tt~''~~h~ttc~i~'`detlve~ei!`~~ile~i witltth~w}iic1~~W~;~P~4~f~'i`~?"~i 1'~~-se~ti~4fby ~
~ this S~"i~'it~IA~'e~~"t~~f ~~'t~o~v~~`tails~t~~~`1sa`~tt~e~'e'stti~3"~i~f't~h`~`~~~i~~tio~t~t~t~fii~pe~~d,•' Le~'d~r
~i~vrnk~°~~y
`r~f~~I~'~'r'ml~t~`d"K~'~is~Sec~ It~~'t~t witti~d~fi~ Ic'~'`c'~`c~~shd'~~t~~~bw~r.
~ . . :
`f~.~~~11~'a~~~~ t ~`1iC~~N~v
'er`ifb`I"C~ ~ ~~~I~~t~~~t dit~"f~
~~~"ti~tt ~~i~
~~i~ttf~',~~W~~~s°`~c~'s`~
H"~f e
~'~S
S~~f~1't ~t~t~ w~~~f Sale`~or~"C~fP~~`d;i~"tf3is
~I~~t~blIn~t~t :i~i#`f f~~'t~fi~t~t~~~~t'~``ts~Pd~~`sale~~f~~'~~P ~~~r~
, ~ , ;
_
.
Y ~ ~t~)`~f~~~~t°enfo~i~t~'~tiii3 ds'~'i+~t~li"~ ~i~s ~Y~"tii~t'~9'bw~ ~
''(~f~`jf~'y~~L"e~'d~ll"~~' ~ .~'ti"~~if~i~`1i~"t~ti~is~Sect~~i Ilf~i'~er~t'~~d~th~~l~l~~.`n~~iL~~i'~
a~'~'~`cf;k~~)~lrres~a~'~a~r~r,~~~of~a"~yr~~th~~~f~lt~~agreer~~t~ts;~~)"~q~''9JI~eXpenSes it~Ct~~~~Ii~"'~fl`P~ft~g~[Hts -
° Se~~~it' ~li~f~t;~i - ; 't~t~li~fiit~d'Cti,~~~~bl~-at~ys~"fees; ar~~~kes`stt~h~actiion as':I.ender m"a[y_ ~
~ ~
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~reasonabl re t~ir~ tc~' assure`that~'
"titi~ 1~en~~tff~~i~Seci]~iC~ In~~i~"~t~~I.end~`t~ghts ~rl"~h~'~~'~t~~fc~~Cve~'s
~i~~i~tb"~~~t~ay~~c~sums secured by,~this~Se~'~t~i~~nsti'rt~?t~~t~3k~it'~2~~ti~iue~;~l~~h~ng~d=~pon t~in'~~~t~~e~it`by
Bd~aw~r~ihis Sec~i~t IHS~s~~'t ~ntl th~°o~ilig~~j~ris`securecf ~erebq ~t~ft f~'~i~`'ff~llq'~R'c~tive as if~tl'~ ~I~fi~li'~`d
oC~~. ~wever~thisr~~t~~1~t~it~'~hall'1'~t~l~^Ifi~th~'ca~~~f~~~l~~t~ti~~~~td~d`ira~~h~i3~~1h.
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BOOK ~~GE . :
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