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HomeMy WebLinkAbout0947 If t rn:te? n•yinrr.l m~~rts;~~,r ~n~ur.in~r a~ a ~~mdtuun uf ntaking thr luan ,r.urrd h~ ihi, Sr~unt~ (nti~rumrnl. l~~;~:~~~~rr .h.~ll ~~.i~ thr ~,rriniuni, tcyulfr~l lu I11~Ini;lln ihe It1tiUf:lnCC ln CtTCiI u~iul w~h Un~r s~ ihr rry~nrrmrn~ li,r ihr ~~~.,~r.:n:r trrniinatr. ~n a~~~,rilan~r N~~h tic,rr~,Hrr'~ant1 Lendrr'ti µnttrn ~grrrnunt ur:t(~~h~:1hIC I:lW. K. lmprctiun. t r~i~icr ~,r it, agrnt ma} make rrau,nablr rntnrti u~,n and ~nti~xruun. ~,f ~he 1'n,~~rri~ Lrn~irr ,1r,~:1 ~i~r fi~~rn,~~rr n„u~r .it thr timr ~~f nr E,n~,r t~ an ~nc~hon ~pcti•~f} u?g rrau~nahl~ ~auu ti~r thr i:?~~riuun 9. ('undem»ati~,n. I hr ~nnrr~lti ~,f am• award ~,r rlaim for damaRrs. ~iirrrt ~~r iun+ryurnUal. ~n ~~rnnrcti~m w~th ,+n~ ;~,nilcntinati~,n ur ~~thrr t:il.ui~; ~,f :~nt (~art i,f Ihr P~~~prrty. or f~u ~un~r)anrc in I~ru uf i~,n~lcmnaUun. arn c~rrh~ .+..~~;nc•.1 .uu1 ,hall tk ~ai~t i~~ l.rn~lrr. ln ~hr r~rnt ~,t a t~,t:~l t.~kuig thr 1'ru~xrt~. thr pr<krrd~ shall tir appli~d t~, thr wm, .rrurrd h~ thi. Sr~unty I~~.t~uiiirnt, Htirthrr ~~r n~it thrn ~iur, with any ~t~e~. ~aid tu I~~rruwrr. ln thr r~rnt c~f:i r~rli~l taking ~~f thr 1'ruprrt~, :,nlr.~ fiurnn~cr :in~i l rn~lcr uthrrW i.r agrcr ~ri wntinK, thr ~um~ uYUred M th~+ Sr~unt~~ Imtrumrn~ ~hall br rrclucrd h~ t?ir am~~unt ~~f thr ~nk~rr.t~ multi~lir~i h~ thr f~+lluwing fr~ciu~n~ (a) thr t~~tal ;~nu~unt uf Ihr ~um~ .~~urcd immrcliatrl~ '•rt~~rr ihr tal~in~;. ~Inx:r~! t,~ Ih) tkir t;~ir m~rkrt ~aluruCthr Pn~~rny ~mmed~atrl~ hrfurr thr tsking An~ h:il:sn~r,h~ll be ~~.ue1 t~~ ~3~~fft~NCr It ~hr 1'n,~krt~ ~.:~h:~n~:,nrJ h~ l3urr~,Hrr. ~,r if. :~fttr naUrr by Lrndrr t~, t~~~rruwrr that ihr cun~irmn:~r ~,fTrn ti, ~~i.~{.c an .i~~:~rJ ur ,rtclr a:l:iim ti~r clamagcy, Burn~wr~ faii~ tc~ reti(xmd t~~ l.rndrr w~thin i0 ~1a~ ti aftrr thr Jatc thr n~~ticr i~ ~nr~~. I rndc•r i, ;iuthe~r~~rd i<~:~~Ile~t and a~~l~ thr ~nkrrdti, st ets opti~m, eithrr ti~ r~~turati~~n ur rr~au ~~f thr E'ruprrty ur t,~ thr,um";~urr~i h~ ~hi~ 5rrunt~ In.trumrnt, whethrr ~~r not thrn dur. l',~Ir~. LrnJrr and l~~rn~Hrr ~~thrrwur agrcY in W~nnng, any appGratic~n uf ~nkred~ t~~ ~nn~~rttl ~hali nul rxtrnd ~~r ;~•~~t,k~nc thr ~lur ~1::tr ~~f thr m~mthh ment~ refrrred tu in paragraphs ! an~1 ?~~r ~hangr thr amuunt i~f ~urh pa} mezu~ 10. Burrower \ut Released; Eorbearance By l.ender tiot a~~'airer. t:~trmiun uf thr ume fi~r ~a~ mrnt ur n~~kliti~atiun ~~f atnc~rutaut~n uf thr ~um~ tirrurrd b} th~~ ~unty Imtrumrnt gra~ntrd h} Lendrr tc~ an~ wcrc-~wr ~n :ntrrr.t ~~f F3i1if~~NCf ~Fl'1I~ Ill~1 ~~~rratr tu rrlra~e the hab~lity ~~f the ongin:~l t3urn~wrr ur B~~rruNrt'ti ~u~cc~u~r~ ~n ~ntrrr~t. Lrn~irr ~halt n~~t he rryusr~~ tc~ rummrnrr (~nxretling~ aga~nst att) ~u~retiu~r in ~ntrrc~t ~~r rrfutie tu r+etcnd time fi~r - ~ ~•,i} mrnt ur .~thrrW itir m~xlif~ anu~rti: anc~n uf the ~um~ tic.~c urrd by thts Se~untc In+trurnent h~ resum uf any drmand m:edr [hr ~~r~~;inal Burn+Hrr ur 13urruwrr', wr~r~.un in intrrc~t Any forbcaranre h} L~ndcr in rur~i,ing an} ngh~ ~jr rrmrdy ,tz.?11 n;~t hr a va~.rr ~~t ~,r rrr~lu~ir thr rx~rr~~r ~,l~a~e~ r~ght or rrmrefy. ~ 1]. tiuccessors and AssiKns E3vund; Joint and :Severai Liabilit~~; Co-signers. Thr c~nrnantti and agrrrmrnh uf { hn Srcunt~ ln,trumrnt ,ti:~ll h?nd and benrht thr wtcesu~rs and at~ignti Lender :~nJ I3~~rruwrr. tiub~e~t ti~ thr pre,~~ti~nm ~.~t F~aragra~h 1? f3~~rrt~wrr'~ ~e~~rnant. and agrcrment~ ~hall be~oint and ~~rral. An} E3~irn~wrr wh~~ r~~-.~gm thi~ Securit~ I:~,trum~~:t hut ~ickw ne~t r~rrutr thr tiate (a! r~~-~ignin~ thi~ `.ieti:un~~ Intitrument <~nl~ t~~ m~~stg:rge, grant and cumr~ c!;.it f3~~rr,~wrr', u~trrr.t ~n thr YmPerty under thr trrm~ ~~f this Sc~urit} in+trumrnt. (b) iti nut ~rr~unall~ uhlig~tril t~~ ra~ ;hr ,urn. ~rcurr~i h: :hs, k~unt~ 1n.trumrnt: and 1~) sgrer~ that l.endrr :~nd an~ ~~thrr &~rruWrr may a~tree tu eitrnd. i ni~:.:if~, t~~rlkar ur mal.c ~n} a~c~~mm~xl,~u~m. with rrgard t~~ the trrm. uf thi+ Srrur~ty In~trument ~~r thr \utr wsthc~ut ~ t t,.~t fi~,rr~+~rr'. r~m~rnt ' l.~ian ("harKes. If thr luan ~r~ured h~ thi~ Srcunty Ir~~trumrnt i~ ~uhJrct ti~ a law whi~h ~et~ m:~~imum luan ~ ,h.~r~~•., .in.i th~t I:i:~ i~ finall~ intrr~retrd u~ that the interc~t ~~r othrr tuan ch:~rKrti r~~llz-~trd ~~r tk r~~llr~ted in j .~~nnrtti~~c~ Hith thr l~~:in rx~rrcl the ~rrm~ttrd lirnit~, th~n la) ~n~ tiuch l~~an ~h;~rgr ~h~11 hr rr~iurr~i hy the anZc~unt ! •:r~r~.,,n t~~ rr.iu~r thr ~h~~gr t~~ thr pcrmitted Itm~t, and (hl ~n} ~um~ altra~l~ ~E~1lritcil frum 1~~rruwrr wh~ch rt~cr.lyd ~ ' ;~~;mittr.i I~rnit. wili hr rrfun~ird te~ F3~~rmwrr. l.rnd~r rn~~ rhexne t~~ makr thi~ refund h~ rcYiucuig thr ~rmri~al uwrd _ ` .:r,Jc•r thr \~,tr ~~r h~ rn~t~ fI1Q 8 lIl(Ctit (l"J}(llclll [t~ [3i~rrv~er I~3 fC~UII(I Ct(IUCC1 ~flfl~ 1(~1I. IIfC fC~l1Clll)Il NIII f1C Ifl'~ICIj :1\ :f i E,,+rti.el ~rrra~nernt with.~ut sny ~rc~a}mrnt ~harKe un~ler the tieite. F 13. I.eKislatiun AfTectinR I,cnder's Ri~hts. tf ~nartmrnt ~~r r1~ir~U~~n c~( a~j~{tiahlr lau~ tia. the effrrt ~~f ~ ~uirrn~ ar~~ i,it~rf ~,f thr \~,tr ~rr th;ti Serunt~ Ir1~lfurttCnl u~lCnfit~~c:ihlc .?~i~~r~ling ti~ il~ termti. I.rndcr. :~t it~ ~~Pn~~n. ; rryu~rr unme~l~a?r E~.e~rt;rnt in full nf all ,um. ~r~ure.i h~ Ih~s ticti~nt} Ir~~trurnrnt and m~~ m<<+kr sn~ remrc.l~r~ ,~,rT~ittr~l h~ ~,:~r.i~reE~h i'i 1( I-rri~irr r~rr~~.r, thi~ ~~~~itun. I.cndrr ~hail t:~kr thr ~tr{,•,~rcitird in thr.r~und Par~gr~Ph ~~f ;~.~r.~~,.~i,h 14. \otices. Ar:~ n~~ticr t;, fi.,rru~ticr pr<~~iJrd fc,r ~n th~~ ~unty ln.trumrnt ~h:?II hr gi~rn h~ ~lrlnrnn~ rt ur h~ ; ~~:.~iii~i~ it 1,~ tir~; ~1.~., n~.iil unl~-~~ a~~li.ahlr l~u rrywre~ utie i~f an~~thrr mcth~kl i~hr nr•ttc~ ~liall hc dir~•ctrd tu thr ` f'; ~~~•rt~ :~~.+:lrr„ nr ani +~thrr acl~Jrr~~ fi~,rr;~wrr ~1~~igri~tr. hy nunrr t~, Len~ler An~ n~,tti~r l.rndrr ~h~11 he gi~en hy ';~.t ~ L~.. ma~l t~~ 1 en~lrr'ti ;~:tilre,~ tit:~IrJ tterrin ~~r sm ~~thrr a~lcirn~ Ler~lrr ~c~~gn:~lrti h~ r,vu~c t~~ I~~rn~wcr. An~ n:,nre ~ ; n,~i„r~l f„r ~n iht.lrrunt~ ln;trument ,hali h~° dc•rme.i t~, ha~r hren g~~en t„ Fi~~rr~~~+rr ~~r Lrn~irr uhcn gi~rn ~ r„~iJr~i F t:ii. ~,.ir.it.ra~h ~ I5. Go~errtinK I.a++; tie,erabilit}. ihn Sr;unt~ fnuriiment ~hali hr Er~errr~l h~ fe~eral law snd tnr law c~f thr <<r~u+i,t~:>>: ~n alu.', thr Yr~,~rt~ i` I~kat~.i In tnr r~rnt th:~i any ~ru~iti~ur~ ur ~iau~r ~~f th~~ Sr~unt~ In~~rumrn~ .,r thr t' `...~~r ~t~r:tt~". ui~h a~; h~~hir la~, ~u~h ~nntli~t ,t~aU n~~I aflr.t ~~thrr pr~n~tii~~m uf thi~ Sc~iunt~ (n~trurnent ~}t the \uir M i,i.'t; _.;r; ~k tnrn rffe~t NSI}1t~UI I}1C ~{,nlli,tin~ ~t~}~i.~~~rz I~~ ihi~ rnd the ~+n~~«inm ~~f thiti 5erunt~ Intitrumrnt ,and the \~,!i .irc•:lc.l,ifc~l lc~heti~trrahfr 16. 13orr~~wer's ('~~py. N~Srrc~urr ~h~ll hc ci~rn ~~ne i~,nf~~rnircl ~~~~y ~,f thr \~~tr ar~J t~f Ihs~ ~ci~ntE Irti;tru~ncnt I?. iransfer uf the Pr~~pcrty or a Bcneticial Interest in Borrower. 11 al! ~~r an~ r,irt ~~f thr 1'r~~rt~ c~r an~ !'.!Cf:'~f 111 ll 1~ ~~+~cj ~~f 1f:111~~C(fCl~ (~~f 1~ A F~Cfll'~l~l:f~ I:1:CfCtii :n f3cirr~iwer i~.~~~1~ Uf Ifuri~frrrrJ an~l F~urr~~urr i~ nu~ a netur:il (~~~~.;,Iii lSilf)~~:lf I.C(1~~~'( ?(~(i~~f Kf111Ci1 ~~~II~CIII. ~.Cfl(~Ci ITI:f~. 31 If1 ~~~ti~~n. reyuirr in~meeli~tr (~3~Rltf1! lIl }UII I~f ~f~~ ~lJf:l~ _,;rr~+. ~h~. ti+_,~fnt~ In,trumrnt finar~rr. !hi. n„n ~hall nun c~ c•~rt.s.r~1 h~ l rri~lrr e~rrtii~r i~ ~+rt~h3h~tr~1 h~ .;,!:~r.a; L~u ~:t t}:r ~latc ~~t thi.le~unl~ Ifi~IfUfllc'til It I rr:Jrr r~rtci~r. thi, :,j~u~,n. 1 en~ler tihall ~i~e f3~~rn~wcr n~~h~r „f ai~rlrr:~It~,n 1 ifr n~~tt~e tih:;l) f~r~~~!.1r ~n~xi ~ !l~ •i 1~~..:~;.i't `tl:~.l'.~ 1(~~fT7 I}l~ (i.tti IhC ilt~(IiC I\l~~ii~rrrJ "f fli:ti~t~~ Nl:~llh K~llifl E~{iRaiNCf filtl~~ (?d~ d~~ ~UtTI~ ~c'iU[C~j ~11 . 1C'~~li~!IL ~Il\(fU(!)Cllt If ft~~((I~H~f fdll~ ~I) ~;1~ (11t`C tiUf111')(I(:( (!1C Cl~l(.1~11If1 lli ihl\ ~flt~(j. ~_Cil~~l( lli.t\ 111~'-lAt' dll~ ~..,~.ii~`- F':.'fllllic':~ t'\ lfl:~ tiC~U(II\ ~Ii~ICilfI1C(1( ullfluW ~li(if1Cf T1~1~1~C tlf l~l`R1:f11(S [~fl F;~t(ii~NCf . lti. fior~nwer'ti Riy;ht tu Rcimtate. If [;~~rr„wcr rtirrt? rrrt:~~n <<~r„1it~~,n.. f~~~rr,~u~•r .hall I~e~r thr ncht I~~ ha~r . .'it~ ~t.itil:"tt .~1 1}ll~ SCilliill'fI~1fUR1CIl' ~jt~~,`;;ISRUCI~ ~1 dil~ UIIIC rfl(~( lt~ lf1C Cd(~tif t!~ ~:f) ~ l::i~ti (~+f ~Ui}l ~~1~1Ct (til'f!~~1~ ;..~f~.i;_ i_:~.~ r~;.~ti ~~~c~tf~ t~~r sr~n,~atc•n3cnt i hrf~~•r ~aic ~~f thc Pn~~r;~ ~~u~~u.~i~t t~, at~~ ~+,Ner ~~f ti: Ic ~„nt.i;tir~f i~i !hiti 1~_,. ~;.1'I!t ~t;~~~It:i^.:.c.+? It~~ c';(t\ ,~f d jU(i1'f7lCllf CIi1~'fifll~' lill\ ~C~:Iflf'~ ~II~S(itfllCfll Tfi~.~1t' i~~tl~jt(l~Vf? .tfC 111:11 ~{~~f:~iUCf - ~ a~ i~..,.. ..m. uhi,~~ tli;i; u~,,i}~1 !~r .7ur u~i~lrr thiti Sriunl~ In.trunirsit anil Ihr '~+~ir ha~1 r.~~ a~~ei~r.~t~:,n - ..tlif~.~:~ .:i:~ ~7t'i.f:;" ,t;V\ ~~ltiiT ::~~~~CY.tIII~ !~f :1~!fCCI11Ci11ti, 4:) j~d~ti J~~ t~(tit'Ii~Cti ftl~llff~lj Ifl Clltl~f:lill Ifll~ i~s~;~.. ...,_.,:,fir:. '~~i! ,t I,r*},tr~i t~+. rt•.i„~riahlr atfi~rnr~~~ fcc~. ,in~t tif? t.ii.r~ .u~h a~ti~~n 1 enJrr m:i~ ~ .._'s~~ , , ~ .i•.I::C '!I.1! !~1" .~:'1 2}11~ tiCli;(:h ~flti~('Jtllc'11(. ~ ~(il~Cf t fit~liti 31{ 1f1C {~f~i(k•fll :111i~ ~3:~Cfi~µCf~~ ~ . ;~.i'. ~::'t1~ ~~'.11ft'~~ h: !fil~ 1C~lifli; ~i111fU(i1C{lf ~}id~~ ~i+f111flUC U(1.fidfl~;Cl~ ~ ~Tt~fl fClfl~ld:CflltlSl h~ ~i 'i• •.ti. .r:(~. ~~:ti!.'~1~1'.r:lt .3rt~I'i1C+~hl!~.fll+ :iti ~:•~i;r~:~ hrr~•h~ ~~l:ti~ ICttl:flll hl{~~ Cf3ti(1\C,f\ Ir f1~~.ti:C~Cf.±litill }i.t~j , H.~• r~e`:~ t~, r,•~~~.}.at;• ~t,.~l! ~::•t .~;~rl~ in s'ti~~:a~r~,ti.i.~r!,•r.~tn,n uncler ~~:,ragr~~h, I?~,r I' ~OG!( a~vtJ FACt V ? 7