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HomeMy WebLinkAbout0951 I( i rn~lrr r.•yuirr~l rnurt~;a?;r inwran~r a~ a:~~n:l~nun ~~f making thr luan ,t~urr~1 h~ thi, tir~ur~t~ Intitru~urnt, li~~ri~~~~rr .i~.~li Ihr E,~rnuuni, rryuirr~l t~, m~~nt~in thr ~nsuranrr in rtTert unUi ~uch timr a~ Ihr reytnrrm~ni fur Ihr ±n.u~.~n,r trr rn~n.~tr~ ~n :i~rur~tanir H ~Ih t3urruHrr'~ at?~1 LrnJrr'~ Nnttrn agrrrmrn< <~r a~~i~rahlr iaw A. (mpectiun. l.rn~Jrr ur itti :?grnt ma~ mal~r rra~~,nable rntnr~ u~x~n and in,~rctu,~~. ui tl~r i'ru~xr~} [ rn~lrr ,h.iil ,:n r liurn ~~~rr n~,n:r at ~hr un~r ~,(ur {~nur tc, an inti~•uun ti~~rrif~ ~ng reas~m~bir ~:~uk tur thr u?,~cu~m 9. ('undrmnatiun. ! hr ~r~krr~i. ~,t an~ ~ward ~,r ~la~m f~~r ~famagr+, d~rc.tit ur c~,nuyurntial. ~n ~unnrru~m w~th ,i:n ~~,n~Irmnat~~m rr ~~thrr tai,ing ~~(,in~ pan of the Proprrt}. ur fur runvr~an~r ~n I~cu uf a~n~irmnat~un. arr hrrrhy .~,.i~nr:i .~n~t .hall hr ~~~ul tu Lrn~trr tn ihr r~rnt ~,i,~ t~,~al taking i~f thr Yru~rrt~. the ~r~nrrJ~ ,hsll hr applird ti~ th~ ~um~ tircurrd h~ th~~ Sctunt~ In.trununt, ~~hrthrr ~~r n~it thrn ~1ur, with ~n~ r~re,~ {±siu to f3orruHrr In thc r~rnt ~>f u Cartial tal~ing c~f thr 1'rc~~crty. unir., [i,~rr~~Hrr :,ii~i l.rn.lrr t~thrrH~~e agre~ in wnting, the tiumti xYUrecf h~ thi~ Srrunt~ Imtrument.h~lf hr rrduc~~ei h~ thr :?muunt ut the {,r~k•rr.i. multi~l~r~f h~ tttr f~~Uuw~ng fr3rnon (al the tot~l amuunt ~~t thr ~um> >r~urrd immr~Ji~tel~ !~t~,rr th~ ta~,ing. ~1~~i~frd h~ (h) thr f~~r m~r~:rt ~alue uf thr Proprrty immreliatrl~ hrfure ~hr taking r1n~ halanrr ~h~ll br ' {~.~i~l t~, B~,rru~rr. lf thr i'rc~~•rt~ i~ .~han~iur.r:1 h~ fi~~rruwrr, ur if, sftrr nut?~r hy Lrn~irr tu Bc~rruwrr that ihr r~mdr~nncir +~ffrn ;nakr an awar~l ~,r .cttir a ~!aim ti~r dan~agr~. Burruaer f~il~ ti, rrtiFx~nd to Lender w~thin ~0 ~~ti afirr thr clatr thr nuu~r ,~nrai, I.en~irr i~ ~uth~~ner~1 t~~ <<~lirct and a~rl~ tht ~nkercl~, ~t itti uptum, r~thrr t~~ rcytc~rau~m „r rrpeu nt thr Pru~rrt~ c~r t}ie ~um..r~ urr~i h~ thi, Scti•unt~ In~trurnrnt, w hrthrr ar not thrn due. l'nlr,~ Lrrtdrr and l3urruuer ~nherwur agrer dn w-riting. an} applicaUon uf ~nkrrd. t~~ pnnc~ral ~hall n~~t r±~trnd i,r ~~~.tEx+nr thr dur ciate ~~t the m~mthly pa~mrnt~ refrrred to in ~ar~graphs 1 and ? c~r rhange thr amuun! ~~f~such pa~mrnt~. 10. Borruwer ~ot Released; f~orbearance By~ Ixnder tiot a w'afrer, f:xtrn~wn ~~f the timr f~~r ~a~mrnt ~~r ~ ;n~~.iih~ati~m ~~t am~~rtirati~~n <~f the sunt~ x~ured b} th~s ~unty Instrurnrnt granted by Lrn~lrr to an~ wcrr+u~r in interc~t ~~f E3~~rn~Hrr.haU nrt c~~erate to relt:~,r the I~ability vf the ung~nal E3orruwrr ~~r Fiorruwrr', wcrr,.~u. in ~nterc-~t l.rn.irr .h:~ll n~~t hc rcyu~rc~ tu r~m~mrnrr prekrrding~ aRa~nst an~ iu~rc~u~r in mtrrc~t +~r refusr tu e.xtrnd Ume fc,r ~~.s~ ~iirnt ~~r t~thrrH nr m~~c1i1} am~~rt~zaut~n ~~f thc ~ums xti;urrci b~ th~s Srrunty In.trumrns b~ rrawn uf an~ drmand madr h~ ~tie ur,ginal B~~rn~wrr ~~r t~~rruwer'~,urrrs,~~r~ in ~nterc~t. Any fc~rhrarancr h~ Lrn~rr ~n e~rrii~ing:sn~ ri~ht ur remr~l~ .ti:sU n:~l hC S N;i~~rr ~~f t~r ~rc~ lucir the ~xrrci~r ~~I :~n~ nght c~r remcrl~. I i. tiucceswrs and Assigns Bound; Joint and Se~eral I.iability; Co-siRners. ~i~hr ri~~rnan[ti and agferrnrnf~ nf ~ hi. Sczunt~ In~trumrsit ,hall hind and tx~neht the tiuc~esx~rs and assism e~i Lrnder and E3:~rr~~wrr, tiuhJr~•t tu thr ~ru~~,~~mti ~f ~~aragraph 1'. f3~~rruHer'~ ~i~~enant. and agreements ~hall be~o~nt and tirvrr~i. An~ Fiurmwer w h<~ c~~-,igns thiti Secur~ty l~ntrumrrt hut d~k~ n~,t rxerutr tlir ti~~te ~a) iti a~-tiign~ng th~ti Secunt~~ lnstrument ~~nl~ te~ mc~rt~;agr. g~ant :snd ~~~n~r~ ~t~.~t f3~+rr~~ti?~•r', intrrr.t in thr Pr~~~rr!~ unJrr thr terms c~f thiti Sr.~unty In~trumrnt; fb) it nc~t ~ru~nall} ubligatcd tc~ pa~ ;~r wm. ,r~urrd h~ thi~ Sr~ur~t~ Imlrutnrnt: anti (~1 agrrc~ that l.ender and an~ "thrr lit~rruarr ma} a~trrr t~~ r~trnd, ~n~riif~, t~~rikar ur m~~.r an~ .?~~~,mnuxiau~~m w~th rrgard t~~ thr ternZS c~f~ thiti k~unt~ Intitrumrnt ~~r thr tic,;r v?uhuut t~a! t3~~rrnwrr~~~~n~.rnt i 12. Luan CharKes. [t the l~+~n ~rrur~Yi ttu~ Sr~uruy Imtrumcnt wbJrct t~~ a law ahi~h tirl~ maximum luan .h:~r~r,, :+n~i that la~ „ fin:ill~ ~ntrr~retrd u~ that the intere-st i~r c~thrr I~wn chargc-~ ~c,ilcYted ~fr tu hr cc~llr~ted ~n ~ ~ ~~.~~;nr~t~~+r, ~?ith th: 1~»n r~rrr~1 thr ~ermuted Itm~ts, tnr~ Ia) ~ny su~h luan chargr .h~l! hr rcdu~cd b~ thr sm~~unt ! ~;r~~~~ar~ t~, rrelurr thr ~hergc t~, the Fxrm~ttrd I~rr~t: and Ih) sn} tiumt alread} ~c,llzrted fn,m F3~,rn,wrr wh~ch rrrrrd~~ci i ~-~r~n~ttr.i I~mit~ wiil hr refuncled t~~ B~~rruwtr l rrzder ma} ch~K~ te~ makr thl+ refund by redu~ing thr prin~~~al uwrd ; ::i~.irr thr \~+tr ur h~ mak~ng a dirr~t pa} mcnt t~~ &~rr~~wcr If a rcfund rrciucr, ~nnr~~~l_ !hr rrJ~icu~m will br trratrcl ati ~ ~ ;~.~rtial rrr~a~ment with~~ut an~ rrepa~ment ~harge under the tii~tr ~ l3. LeRislation :~.tTecting I,ender's RiRhts. if cnactmrnt ~.~r r~pirau,m ut :~~~lit~hfe I~H, ha~ the rffrtt ef ; r r~~.irrirz~ an} ~rrn i~um ~,f the ~i}te cir th~t Secunt~ Instrumrnt unrnf<ir~e:~hlr at~~~r~~ng t~, itti trrm~. LrnJrr. a! ~h i~~Uun. ~ r :n.,~ rcyiiur unmc~f:~tr ~a~mrnt ~n lul) ~,f all .umti ~c^~u*r~S b} thi~ Serunt~ (n.trumrnt and rn.i~ in<<,{~r am remee!~ch ~ ,~r~iuttr.i h~ ~,.?r,~~ra~-~h 1~~ If Leniirr e.;rrc~~cw ~hi. r~~t~e,n. Lrnder ~h.ili takr thr,tr~~ ~~ec~fic~1 in thr ~r~~~nd ~aragraph ~,f ~ ; :,r.~tr~E~h 1" ~ i~3. \otice~. :~n~ n~~tl~r t~, R~~rn,wrr pr,,~ui~d t~,r ~n thiti 5r<<~nt~ In~trumrnt ,iiall hr ~i~rn h~ deli~rr~n~ u~zr M ~n:~~ltin;t it tir~t ~l.i,~ nt:?ii ur~ir~~ S~1~I1~1h~C I~w rryuircy utir ~~f anuther mrth{xi 7hr n~~~~~r ~hali !k clirr~ted te~ the ~ i'r,~~•rt~ ~3~:1re.ti .~r :sm ~~ther :iJ~.~.r~~~ E3vrr~~wer dcr~g~istc~. h~ nuncr tci l.rnelrr An} n~,ucr tif l.rtidrr .ti::ll he Ri~rn h~ ~ 'ir.i :I„~ rnail t~~ I rn.frr'.:icl~irr,ti ~tsted herrin c~r ait? ~,the~ addret, l.rnder dc'~ign.str. in ::~,tiic t~, I3crrr~,arr Art~ nuti~r ' ,~r~,~ ~~lr~ f,~r in th~, ti~•~unt} Intitrurnrnt ~hel! hr c~rrmcd t~, Fl'S~C f1CCt1 F,'1\CIl Il~ I3c,rruµrr ~~r I C(I~C~ NfiCfl ~11~f1 Sti F1i(?~IJCI~ ~ ~1 Ifl:\ ~f~t(.ik,f~(i}I 15. GoF~rninK t.a++: tieierxbilit}. i hi. Srcunty imtrurr.cnt ~haii hr gu~e:;~r~i h~ Ic~lrral !s~ arfcf thc law uC thr r ;ur.~i~:t~~ni ~n ~+}„ch thr f'r~~~rt} is I,katru In the r~ent tti:~t an~ ~ruritiu~n ~~r ~lau.r ut th~~ S•.~ur~t} Intitrumrnt ur thr ` ~ \,~tr i~ti~itli:t~ wi~h ~~~li~.~hir l~w. w~h ~~>nRi~t .hal! r~~~t ::tTr~t ~;thrr pn~~i~iun. ~,f tiu4 tir:unt~ Intitrurnr_nt ~}r thr \~~tr aiii,h ~,~n he gi~rn rtTe~t µith~+ut thr L~usfl~~tinf pru~~~u+r~ l~~ tht+rnd thr ~ru~i~s~m~ u(thi~ ~currt} IiititlUlliCil! .tnc~ thr :~rr:~r~iarrJ ti~ tk tir~rr~hir 16. F3orruwcr's Cop~. fi~~rru~rr ~h.:ll hr g~~rn ~~nr ;~,nf~~rmr~1 ru~} c~f thr \~,tr :in.1 ~,f thi, ~riur:t~ In~trument 17. ~iransfer ~~f the 1'r~~pert~ or a Reneficisl Interest in 13orrower. If .~I! ~+r ~n} ~.irt ~~f thc Pre~~rt} ~~r en~ :h!c'!~~1 :tl li t,:?~~ IidIS~~Cf;r~i ~~,r it~;! ~t1C~I~1:fI Ifll:'fC1I ifS F~t?ffllKtit 1\ u~~lj ~)f If3f1~~Cfttil d1~I NUCl~'~Ki( f\ ni~f (idlUT:fI ;~r.,,~;r with~~ut I.rn~lrr'~ ~n~,t H~~t~cn ~_~~n~rnt. l.rndrr rna~. al tts ~:~tu,n. rry~~re imrt~e~ii~tr ~~}ntr~it ~t~ full ~ef ~um~ ~ ~.rc;irr;i h~ thi. ~c•.un~~ {r~~irurnent. H~,~?r~er. th~ti „~+u~,n tih~~f) n~tir hr rxrr.i~r~i h~ I ~n~1rr +f r~rr~iu~ i. ~n~hihitr~f h~ f:~:lc'f,t~ ~.tU .1~ ~rf!}IC.~.tiC fht~ ~C~Uf!I~ ~IItilfUfllt'f7( ~ {I ~ C':~~CS c'l.r~il~~'~ t~li~ i~~,`i~~~il, l.l'II~Cf tif13~~ FI~C ~~+.`(f~~:~C( iH~:1~C d~ic'~t'f.illc~f: T}ii' (h~!{.C ~Fle~~ (~fntiltit' 3(~Cfl:~ . (1 iC~~ 1~!d!2 `('.ja~~!i~~fTl ~i~C tj~tlC (fl~ il~~(I~t' li:~t~:iC:C1~ l~f f11d1~C(j NI!fll(1 Kfliirl f3~~ff~'N~f iSiU~l n.i~ .fl~ ~i1111~:C~UtCtj l« tlTii~ ~f:~!CCI71C1~[ I! f3~~~fr~.~ltiC1' ~31~'. ~)d~ [hl'til' tiUtil~ ~ llnf I~~ I}IC CX(~ifdh~~Il I}li~ i~c'fl;+i~. ~~•ri~irr ni.t\ !ti~~~~.C .til~ (~:l1'_ti;'_'~ ~1t'Tt:li!iCl~ h\ Ifil~ SCiUfli~ ~f1~Itllfl:l'tit l\:(}l:`U[ fUii}iCf tl;;fl~l' Itf l~Cilldfil~ !~t7 ~~~fit}KCf . . 1$. ft~~rruwrr's Riuht Reinstatc. 1( 13u~n,wr! mr~t~ rrrt;~~ri i~,ndin:,n.. I~~~r~ru.rr ~}i.~ll h:stir thc n~;ht t~~ h.«c . -Il!~`t.Ci7t~'t?I ~.~I !}7!i l«;1(!I\ ~[ItilfUfllc'!lf :i{\1~~f1IlflltC(~ df :lf11 11R1C (~flilf fhC l'3f~1Cf i~} (:1) ~ L~d\111~f \11:?1 ~~It]Cf (~CfStYj :f\ - ,t(~~`~t..i~?~t' fd~i t11Ji ~~'C~11\ I~~~f iClf11!.flt';Tll'ill) hCf:~(C ~d~t' ~~t I}lt f~fu(?rfl~- ~UftiU.llll It~ :ffl~ ~rNCf t1t ~.S~c i~~f?I:fU1C(~ 1Il Ifl~~ ~<„U~!(j (1,~"i;tiiC~;! (hl c'!:!f~ ~,i IUl3rR7~fl! ~f)li~i~lti{; ihi~ ~C~Uf7I~ lr~~trumrr;( 1fli~~C ~~~i1131h~~I1~:ifC (fldl E~~ff~tNCf t rr:,!;r .s!! .,.ir~. H't~i~h thi~f u~~u?~1 he ~{ur urf:lrr thi~ Sr.~~nt~ In~trun~rnt :~r,:1 ti~e ~ntc h;ul n„ ai~rltfSlt~~Il . ~ :~iiiTC~i 1E~} iiI(~~ .:ft~ tiC1:tU~I ~!t .lJ~~ ~~thrr ~t)~:IIJfI:~ t~f 3~fCCfT1C111ti, (Ci ~~:ti :1~~ l'trCii`C1 IIl~tlfiC(~ I(] rriii+r;in~ Ihl~ ~ - ~e':_~iftl~ ~i7~I.'l:fli•,'('~!. 'ii~,{ii~~ifi:_'. h?l.' •l~'~ iltlli:Cf.j (t:. fC.f~~:;13(h~C 3f~~~flSC~ti~ ~Cl't. :f(lij ((j) l:t{~C~ ~ll~}l "3l:li~i7 d~ ~ Ci1ljC! fTl3~ ~ - rr.~~,~r:.~hl~. r:•y;;~r:~ .~.,~:,*r th.~t ~t~~~ i;rn ~:f th~, tic~unt~ I~n~trutnrnt. I cn~cr', n~h!~ in thr F'r„~ert~ :snd ti~~rr<<wrr'. ~ ~.~.!~jt,.'+';:~,•i ~'J: !Rs' illl'.7~ ~c'~.UCC~t I}ii? ~C~Ufll~ ~(ItillUfllClll tihd~~ l'+~flUflUC iilli}i:f(1~'C[j ~ (k~fl fClft~IdlCfllCfl! fl:~rr; Nrr ~h:, tir,;;;!t~ lr;~tr_irr<r~! .~r~~l t}ir,~hl:~.rti"n~ ~riurr~~1 herch~ .n~ll rcn~~~n iuil~ ~tTe~ti~c a~ ~f ne~ ai~rlrranun ha~i ~.ir;~ c1 11 r tii;~ r~,~i~t t~~ tr:n.~etc ~h.~l! n;~t l: tr, thc• ia,r+~tar~ci~r.~t1~,n iinJc•r j~ar.~Krarii~ ~ i~~r l' ~a;~593 ~51 r _ {_..~~-~-_---~a.r,v:i. - ~ -a Y,;. 4G~*r~?~ itP r .-L-~s-2a-... f~~b'~ t~ .:~,sx . _Fr,:_.v . _