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HomeMy WebLinkAbout0916 1 , _ n.l-~ FAMY~Y ~~`~'~~t ~~/~sg PsL ~ ~~i~gI1111ei1~'o~~R~tlts , '1~~5'~1-4~N1~~ :'"is niatlr thls - dd ~'~f~ _ '~~ft 27!~~ ~ . ~ 8~ . ~~,a t~ ` , y,:De'~if ~ > ~ " m ' . g , y ~ ~ ~ g. 8 ~ ~ ~ . u~sd jis,,i~i~ ~a cd in'~o ~,~f"~Fi~ s.~me dat~ ivcn~ b J Itic undctsi m~tl`'(iFie4 B~"'~w~~ ~ scwre~H~r~t~'wer s~`~~i~e tn (th~ ~~cptit I~'~t~fi~"') ~ °'G~" ~N~~~~ ~ . unc ~~t:c~'a~~~") ; ~°~4r~~hc~ .ame if~~e a~f ~~t~v~g IhC°''~i~ipchy-~lescribeii• i~"1he~ S~i~iliit~° instrur~t anil liirated ar. . : •~~~~l,.~N: °'li~~,'~$ TE~~6~; ~~fi $fi. I~L-"~3~~52 ~~a~eay n~ress~ T ~i~~1~FA~~C~Y~Vh~iVA~~Y~ ln adJ~ifin"~f~"''ihe'~~Vrnants ahii agtrcments madc in'ihc Scr~`~ity~Instniment,~~~tiVvcr arxl"l:r~"d~t`•fC~tiher i~vefti~t afid ~agrcc as" fi~lla'ws: A:~H~F`~PR~:R~I'1';~`(~,Pl•~~~H:W!'I~~i I;AW~ I3or~iav~~r~~`ha11='~t"1 ~~k.~:i~~c~"'t"~4ot~dkc a`ch~ngc i~i~ihc . ~s ~ ~ ~ ~ Nilh allhlaC?e, ~°r'iiih~i~~~st rc~ulali~ns andi'tn~fL~nts-$f ~ ysg~~~ ~n`writinglo"1hc'~k~rigc. B~"fi~wCt°shall~~'6"~t~~ly , . ` ~IMft~l` txxiy apPli~~blc'~tie' p'r~iY• . - B. SUB~Rb1N„~ ATH: I.IF.~VS~~ Ci~C~~i'as~`~miilt~il by' fedet3l~law,~-8~r~v~tCf '~sh~li'~1'31ft~w any li~~ ~inf~~ii~~ .to' lhe S~~'~ry I~it~'~fii~ii""id~"be pc~eCl~ii~~f~si""lhc Pti~pciriy°witha~i~l'~ifii1~'t'~ pnlirR~~len~~hrlission. .v.., .~a ~ w , _ ~ . . - C. 4tF.t~T [:~s~ itvs~A~icr;~°B~~ower~sFiall°maint~in~insuran~c;5g~i~t~~'~~~?11as~~fn`~~Jitit~i='C~-tFi~~itic~~haxarJs : for `~~Nfih~`i~i~I~tanrc isR't~qui~cl° by'U~ifb~i'`Cavenani`~S. . ~ D:~'~~BURR()WER'5 RIG~IT TO~REIN~TA"~Ey''~E~ETED.~~1~?~fbifit~Cov~~i~t 18kis dcletitii. `I A~SI( Nl11hfi~T UF°[ ' ~ . .F: SFS~~~ r~"l~trilei's re uest. Bc~YtaH~er shall assi n tcs Lei~i1 , , y. ~ ~ Vi~ q ~k y 'g er'~Il~leaus'of•ihC~~Propeiiy ~ a ~.WI' se~i'~`it ~1~ sits~ ma~ic, in ranri~tt~fn~'i~iiiti" le~s~s ~af the~^Pit? n. U~on` tFiC "assign~t~iltt~ l:er`ii1~r sh~ll~havc° th`c ' n ht t $ ~fy.`extcnJ~a~'it~rftiil~tt``th~'existingulC~scs and~to"~x~~l~t~fhew leases.~ in l:Jerxler's sole``di3~telit?l?.•A~°u~d~Pn this ~t~ag ~N~l's, thc v?'~5`~iii'''Icase'~~'shall n~c~ri` ..subl~asc'"~1f ~fh~~"'S~~`~iiy'~InstN~t' is an "a (easchold. F.-AS,S~GNMF:NT~UF~RF,l~TS,~Bbr~?wer~~ii~b~i`~iti'onally assigns°and=tt~n~fers-to`1:c~liicr~~ll`~Fi~~~i~ts ~h'~i~revehues - ' cn ih ~P~ ~ or~5~~1hheprcnts t~ l.°~ii~ie ~r l~~il~r's'a ent~~I~i~1h~'~rlts anJ'reven~es`arid hrreby ditects~e~rh ~ ' ` ' ~ . P ~ rui~r's~-Nciti~~'`rc~'Btf~iav~tr~°bf ~ Be~wer's'''breach of aoy ca ~nant-`bragteeme~ii~°in'ihc Sc~onty'I~?stni~hi~it;~Borrower ha i~~bll~ct andpreceivc-aii°tents an~i rev~~`~les of `Ihe`` ~ . ~ Pio it as tNStee f~i~``ih~`benefit"Of~ Lencier `anc~BBoi`i~b'~~r. 'fhis a33igiiitfiCht~bf°rcnts~~nnstitutcs an ' F~ ~b~olutc assignhtent,~~'iil nt~t an assignme~l[ fbr a~l~iilional sCCUtity~'oniy. lf l.enclht gi~es~n~ti~c uf brcarh t~ B~rtow~r;"(~) aII rents Mreiv~'il'•by~BbrroW~r~shali bc h"~~i~`by"F'BO~iow~r as trustee j fo~"bc~i"~Bi:6fLetxler~"only;~tu~be ap~ilieil~ta~Ihe suitns ~CC~t~ii~by~the .Sc*Curity lnstrument:°(li)*I:enJ~r shall°be~'e~ttitled'°fo~ °`r~i~llc'+~t aY~ci~receive all°ot ttic ~nts"~f the~Prb~ity; anJ'(iii)'each'tenantwol`~Ihe'Prqpe~y stiall~pay'all°rentsdue and'unQaid , ta' Letxier dr' l'~iicf~~'s •agent' i~n=l:enJc~'s written°demand~ to~the`!: tenant. •Borrovv~rhas nbt cxeCUteci any_prior"assignment-of lhc:,rents°~anci''has~not and•will not'p~rf'tirin`#any'~ct'th~t u~~ould "preventYL°ender from exercisipg°its~`rights uhder°'thi~~pat~igrapFi=F. _ l:encier`shall not be, rey~ireii~CdY~~tt~r:upcin;~:lake'~~nt~11~ of"d~~`maintain~ ~he~'~npetty b~ftite`de'aRer giving notiee"~f brcarh"tci~B~rrow~r.'1-lowever~sl.en~fer`*6r`a°'judi~ially,~ppointed°~~ecciver°may'~Jc~~~ at any tirrle th applicatibn~°bf:'fents shall n~t rure or wawc any deFault ~r invalidate any othev~°7ngh1"orFremecfy~~{~ re is a`breach.,Any ~ y ~ y y P ndCr. fihis assign- ° ment ~ofs re~its of~1heYPm rt shall=t~rminate whcn the 'Jebt s~cu~~lab - the"Se~unt 7nstrume~lt is~ aid 'i~? foll. _ , C. ~RO:~S•ISE~A~ILT~PRUV'ISION. B~rrow"er's' default br breach~uncie~:`~rey n~te`dr.agreement in which" l:ender has Securily Slnstrulroenta-titearh''°utxier"the S~c~nry lnstrument~and°'Lender may invoke any ot~'the*r~me~diesapermitte~i'by the 'BY~ Sl~'-,NING~BEIAW,'Borrowcr ~rcepts a~i agrees to~the'tcrins anJ.prdvisions°coMained~`i~'this 1-4YFamily Ridrr. w- ' }4 Y~r ~ V'I'~!y_ ~ ~~~~j ~ ~Y~~•. ~~V• '~YY.WW ` I ~ •Bbtro+wt~ c'l~xL , . ~ i,e~ _ . t~ ~ B . " ~li~ ~ ~ r$d~~ •Barower , w , ts~a~) ' ~IA~ G . "SAMAFI~~~i' •eorrowK (Sa?!) ` •eb~row.? , I ` MUL11tTATE;1~~`iAMI~Y' RIOER -Y~ft~nl~ Ma~tFtN~N M~C lleMorro M~ttwnMl f~ ~111 tOh6 9 ~~G7 ~ero3~ 600K ~n3V ~pA~E '~1~~ ~ vMVMOnrc~cEronMS • iy~~r~9aa~oo • ~eoo~s2~a~'~ _ . , _P_,._.. _ ~....,.._.....,s i , rv~ z.-+ 1..i