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HomeMy WebLinkAbout0962 ~ . . ~ ~ I( I rn~irr rryui~r.f m~,rt~;a~r imur:in~r ati a~•~m~l?Uun c~f mak~ng thr luan tirrurrd h~ thi~ tiriun?~ In~trumrnt. H,,rr~~~~rr .1~.~11 E~:~~ thr ~,rrrniun~, rrywrr~l t~, n~a~ntain thr u?tiuran~r in rtic~t unul ,uch umr as thr rrywrrmrnt lur thr ~,i•u:.~n~~• t: rnun.~tr, u~ ;~:~fr.ian:r ~ith R~,rn,Nrr'~ a~id l.rnder'ti wnttrr? ~grrrmrnt or ar~l~cahlr 1aH 8. Impection, l rn~irr ~~r u~ ag~nt may makr reaum:~blr rninrti uFxi~? ~nd intipecti~~t» uf thr Yr~~~rrt~ l.rn~irr ,h.ill ?~:~r li~,r~.n~rr n~mic at thc timr~~fur ~nur tuan ins~rctiuntipccif}u~g rea~unablr~auu lur ihr ~m~r.u~,n 9. ('undcmnation. I hr 4,nkrrJ. ut an~ aw:ar~1 ur ~l:tim fur damagr~. ~iirr~i ~,r <<,n~ryurnu.~l, tn <<,nnrct~ctin witt? .~n~ cun~ic~inn.tu~,n ~~r uthrr ~aG.in~ 3n~ F~:?n ~,f thr Pr~,~rri~, ix fi~r r~m~r~:+nrr in tirt~ c,f i~,n.irmnatu,n. ~rr hrrrh~ .~.;i~.nr~1 .Iflil ~II:tII F•t' (~:flll I~) l.~•n~1~r In Ihc• r~c•nt ul Ie~tal t.ikin~t ul Ihr 1'r;~(~rrl~. Ihe p~e~'rCd~ ~hall he ap~~i~r~1 l~~ lhr +unt~ .rc~rr~i h~ thn S~iunl~ In,trunici~t. ~~hrthrr ~~r nu~ thrn ~uc. Hi~h ~n~ rt~r,~ pai~1 t~~ 13~~rmNrr. In ~he r~rru ~,f a r,art~al takii~g ~,f thr Pm~rt~. uui~~,. f;~~rr«~+rr :+n~t I.rn~lc~r uthrrwi.r :igrrr ~n Hnting. ~hr ~um, u~urrd b~ thi. k~uniy In,tru~i~ent ~hsli hr rr~1?lrrcf hy ~hr amuunt uf thr rr~k•r«i. mulu~lir~i h~ thr fullc~Ning ira~Uun~ (a) thr tutal am~,unt i~f thr ~um, ucurrJ ~mmr~l~~trl~ hrf~~rr thr t.~4.inc. ~lnuir~l h~ th) thr fair tnar~et ~alur ~,f ihr Pru~?ert} ~mmrdiatrl~ hrf;,re thr ta~,~ng. An} halan~r ~hail hr ~,.uct tu Fi,~rr~n~rr 1( [hr 1'n~E~rrt~ i.:~han.lunrJ h~ F3urrc~Hrr. ~~r ~f. 3ftrf nuu~r h} Lrn~rr t~~ ti~~rn~wrr thai !hr iut~~lrmnur uffrr. t~~ m:ii.c :~n .i~~.?r~1 ~,r .rttir ~ ~la~m fc~r ~larn.~gr~. l3~irruW rr fa~l. tc~ rc~~md t<~ Len~1.r within ?li c1~„ aitrr thr i1~tr thr n~~ticr ~s Li~r~~. ! rn.irr i, c~uth~+n~rJ t~~ ~~~Ilr~t :+nd a~+pl~ thr prckrrd+, at itti opuun, rither t~~ rr.t~~ratinn c:r rr~air uf thr !'n~~rt~ ~~r t„ thr,um..~~.~urcc1 h~ thiti Sr~unt~ In~trumrnt. Hhrthrr ~~r n~~t thrn dur. l'nir~. Lrncirr .~n~i li~,rruwrr ~,therwi,r agrer m wnhng, any' appl~~atwn uf ~nk~rrd~ t~~ Cnnri~:+l ~hall n~~t r~trncl ur ;k~,tE•;mr thr cliir ~iatr ~~f thr rn~~nthly pa~mrnt. referrrd te~ ~n paragraph~ i and ? ur rh;~ngr the amuunt uf ~u~h ~~~mrnt,. 10. Borrower \ot Rele~sed; Horbearance By I.ender \ot a~~'aiver. E~trn~iun uf thr t~mr f~~r ~ay mrnt c~r nuxiiti~au~~n ~~f am+~rurati~~n ~~f thc ~um~ u~urr~.1 hy this Secunt~~ Imtrumrnt grantr~l b~ LrnJcr t~> :~n~ ~urcc~wr in u~trrr.t ~~f li~~rn~tirr ,h.+ll not i~per.~tc t~~ rele~?x the liabil~ty ~~f the c~ng?n~t E3~~rruwrr ur f;<~rruNrr'~ wc~r~u~n in inter~,t l.rn~ler ~haU :u~t hr rrywrrcl t~~ r~~mmenre prixcrel?ngti ~ga~n~t any ~u~cc~u~r ~n intrrc~t ~~r refu~ t~~ e~trnd timr fur E~.i~ nirnt ~+r uthrrw ~.r m~x1~f~ ~m~~rnran~~n ~~i thr sumti securrd hy th~ti Srrunt~ Imtrumrnt h} rra~un ~~f an~ c~rmand macir h~ the ur~~;tinai k3:~rn~arr ur t~~~rruwrr`~ w~~r~ior~ ~n interrst. Any~ farhraranre b~ Lendrr in r~rr~i.in~ an~ ngh~ ~ir rrrnrdy ,ha{I n~~t tk a~~ an rr ~~f ~~r ~re~ lu~ir the rxrrritir uf an} nght c~r rernrd} 11, tiuccessors and A!,signs Bound; Juint and Sereral I,iabilit~; Co•siRners. "I hr ~~~~rre3nt~ and ~grrc~mrnt, ~~f ; h~, Sr~ unt~ In,~rumrnt ,h~U hin~! :ind hrnefit thr tiu~re+x~n at:d a~~igm ~~f l.endrr snd 13c~rr~~W rr. wb~r~t te~ thr ~r~~~ i~iun~ i ~~:~ra~tra, h 1' f3urre,wrr'. ~„~rnantti and ~grrementti tihall br~o~nt and ~e~rral An~ t3~~rr~,wrr wh« «~-+ignti ~h~~ Sc~unt~ f In,trurnrnt },i3t ~~k~ ri~~t r~.~utr the \~iir t:~) «1-~igrnng thi~ Sctiunt~ Instrument ~,nl} t~~ m~,rtg~gr. grant and ~<~n~e~ ! !h:~t fi~trr~~~~rr', intr;~•t in thr Yn~~rrt~ un~irr thr trrmti vf thiti ScYUnt~ Imtrumrnt. (h) ~ti nut ~xr~i~naily uhl~gatrd t<~ ; !h~ .urn..r~~irrcl ti~ thi~ Sr~unt~ [n~lrutnrnt, and Irl ~grrr~ that l.rndrr and an~ uthrr fi~~rr~~xrr ma~ sgrer ti~ r~ien~1. ' rn;xiif~, f~~nc~ar ~~r m:?i~r ~n} a«urnrn~wl:~U~~n+ N~th rr~ard ti~ thr ternZ~ ~~f th~~ ~rcunt~ In~trurnens ~~r thr ti~itr wtthuut ~ ?h~~ f1~~rr~~Nrr'~r~~n~rnt ~ I2. I.uan ('harKc~. If thr luan u.urr.i h~ thi, Serunt~ Imtrument tiub~rrt tc~ ~.~w whirh tirt~ m~ximum I~~.in C .h~ri:r., an.f that lau i, tinall~ inter~rrtr~l ti~~ ihat thr intrrr~t ~~r uther luan ~hargcy cullectrd ~~r t~~ hr ~~~Il~.ted ~n ! ,:~nnr~ti~~n N~th thr i~~an e~rrrd ihr ~rrmutrd limi,,, thrn. 1~1 an} ,u~h luan ch:~-gr .hall hr rrdu~ed h} the amc~un~ ; ;:e~r,,:~n t~+ rrJu:~ thr ~hargr tc, tt~r ~ermitte~l iimit. an~i (h1 ;~n} ~um, airra:i~ ~„Ile~tr~ (r~~m E3.,rr~ikrr wtu~h rxrrr~rci ~ t~•rnu;ir~i lirn~t. Hili hr rrfun~lr~ t~, I~C~rmwer Lrndrr ma~ ~hixnr ti~ m~kr th~~ rrlund h~ rrducing thr pnnc~F,al ~~wed s ~.;t~.ier thr ti~~tr :~r b} ma~~ng a ~l~rr~t ~3~ment tc~ B<~rn~xrr If a tefund rr~lurcy ~nn~t~al. Ihe rrdu~t~un will k~r trealyd a ;:irtiei C(~d~ fi]C(II Ilf1~~UI :iil~ prrp~y mrnt . har~;e undrr thr'`~,tr. ¢ 13. Lruisiatiun AfTectinR I.~nder's Riy,hts. !f rn.irtmrnt ~~r r~E~irats~;n ~~f .i~~1~~ahlr I~wti i~a~ thr rfTr~t ~~f ~ ~rn.irruir a~i~ ~r~,~ i.iun ~~f the ii~te ~~r ihii k~unt} lntitrurnr»t urienti,r~rahlr a~.~,re3tnK ti~ ~;ti terriiti. Lrn~1Lr. at it, ~ipn+m. ~ ~n.~~ r~yui~r imrnr.lti.itr ~;,~mrn? in 1uU ~,f ~l1 ~urfi~ .r~urccf h} thn S•_•runt~ In.trurnc~nt an~i rn~} in~u~,r ~ns rrrne~iir~ f ;~rrnittr~l h~ ~~_ir.t.ra~~h I~~ If I.rn.lrr rxrr~i~c~ thi. u~ii~~;~. l.~ndrr ~hail t~kr thr ~tr~„~ri~tird in th~ .rc~,nd fiarsgra~!~ ~,f ~ ~~.~r~,~r.~E~h i' 13. ~uticeti. -1n~ n~~ti,r t~~ ft~,rr~,urr ~r~ni~r~l f~~r in Ihi~ Sriun~~ ln~trumrnt .hali he Knrn ht ~lcl~~e~:n~ it ~~r h~ . ~i:.s~i;n~; it h~ tir~t ~le.+ m.u! un!r.ti :~E~~li~ahlr law reyu~rr~ utir ~~f ~n~~ttirr ri~cth~rl fhr n~~ti.e ~hall hr ~1~rritr~l thr a ~ !'r.,~rrt~ ,~:f.1rr~, ~~r .i;~~ ~~ihrr .i~ictrr., i~~~rr~.~wrr :]r,i,;~~atr~ h~ nc~ti~r t„ ! rn~rr An~ n~~U:r !c~ Lrnder ,h:li hr ~~~en h} i ~ r:r,t :I.i., m:~il t~. ( rn„rr'..~.1~1rr~. ~tatc~ h~rr~n ;,r an} ~~thrr a.l~lrr~. Lrn~frr ~lr.~gn~tc~ h~ n~~ii~c t~, f~,rr,~wcr An~ n„ti~r ! ~ ; r,~tii,!«1 t~~r in thi, ~r~i~nt~ In,trun~rnt tih.~li he.ircmr~ t„ 1~.?~r hern Ei~rn t~, fi„rr~~wcr ~,r I rn.irr wh;n £i~rn a. ~rn~~~1r.1 s ;ntt~t.~,.~r.r~t.?rh ~ 15. Gu~ernink I.aw: ~e~rrability. 7 hi. Sr~unt~ In~trunirnt ~h:~ll hc f~~~ernrd h~ fr.icr~?1 1:~w end the iau uf thr ~ ;,n~~+.~,ti~n~ in Nhu:h thc t'r„~rt~ i~ I<xatr~l In thr r~erit thal an} (~n~~i~u~n ~u clau,r ~~I lhi, Sr~unt~ In.trutticn~ c~r thr ~ \,~;c "~;;tli.t. with .:~('l~~shlr !au. ,uch ~untlict ,h~l~ n~~~ .iSrct ~;ther ~r~ni,i~~n. ~,f ;h~~ 5rrunt~ In.tr~mrn~ e~r tnr \e~te t t~l.}t ..t:t hC 11tiCil CfTtit W IIt1~~Ul :tlt ~n(lf~iil:t)~ ~fi~~I~ti~il ~ i~ Ihlti ttlt~ (fit (~f~~~l~Ic~II~ u~ ifli~ ~C~Uf11~ ~il`ICURSCtiI ;ill~~ 1}'.L a ,~*r;ie~latr~l<<~h~,r~rrahlr ~ 16. Rorr~iwer's ('up~. f~a,rr:,urr .hal! hr ~+~rn unr ",nfnrrnr~i ~~f ttzr ~t,re an.l thi, ~r.u~ ~t~ Inti~rurtirs~t 1'. ~ransfcr of thc Pr~~perty nr a Beneticial Intcrest in Borrowcr. It .~I! ~~r ai~~ ~art the Yn~~rrty ~~r an~ :i~~':t"ic~~; ;II 11 tii~~ij :fJ(l~~l(fl'(j (~!f it d ht'11Ctl~ld~ 1I'ICfC\( fIl fi~,rr~~wcr iti ~~~~~~j ~~f ~fJl:~~t'TfClj :1lll~ f~~lfft~,pCf I1 Ilt)i ~1 fI.STUf~, ~ ;t•r~.~~~ii ui;h„ut I er~eier'ti ~ru,r wntlrn L~~n.rnt. 1 rn:lrr ~t~:~~. at it~ ~~~tu,n. rryu~rr ~rnmrdiatr ~s~nirnt m full ~;f ell tiurn~ ~ ~ ~'.'i~if'=l~ ht !~il~ ~C:U(!1\ ~I]~Ifliil)C11~ ~~~~KC~Cf. l}1i\ ~t~ Ih~(1 1}Id~~ flU' f1C CICf':1\~_tj ~-CIIC~Cf 1~ CiCfi1~C N~f:~~)ih~ICcj li.li `,il I:tH .t~ ~ : f1C li:tll' I~llti ~C~ti~ll~ ~I1~(fllltlCill 11 1 ~r,,1t•t :~.rr:i~c•~ th~• ~~G,t:~~n. l:•ti~irr ~h.tll ,t~~r H~,rruwrr n~~It~r ~~f a.~rlerah~~r. I:~r n~~ti;i• `h:~ii ~ n~~ ~.1r a T~crt~xl . ~t 1:.~ ;t:.~r~ ~1.i~. fr.~n: th: ~l.+ce t1:r n~~ucc i~:leinrrrd ~,r n~.f1IClI Ktl~llil Nl3tih f3~~r~+~~~~•r ~nu.t a11.~im: ~rturr~l h~ ".i~~ lc. ii'!". ~ti~fTll'i1Cill ~~+~if:'~~tCf f.lti~ l+~ (~J~ f~1C~C ?UiTI~ f~It~ft Il~ [fiC l'lrif[!i!!~tl ~;1 (}ll~ ~C(i~~~. ~ t•fl~3:f :il:l\ ti!t~~4..1' dil~ ,.,:~i:~~ f•cf1iU(tii~ f~\ I~ll~ ~:'iUi11~ ~l1~liUf;1Cf11 k;th~~ut f~irthrr :lUllit'tif ijCill:f(ltj ~~fl ~~~~ft~+UCf . IK. (t~~rn~Mer't RiKht to Reimtate. If fS~~ff~+NC~ i11CCIti .rrt:ua~ ~:~n~iiu~~n~. f~„r:~~H~~r ~ti.ili h.t~r thr rikht h:i~e . . !~_ililc!lt !fil~ `t'~t:[1'~ ~tl~ifit(til'ill ~jl~i~~tlll[IUCtj .ll :111~ l1fTlC ~fl~~( I(~ If1C C.1l~ICf ~~S (3~ ~ i~d~~ ~t?f ~Uifi ~~Shrr ~r~Ki .t? ' .t~~~`I?~.n'?;i i.::ti "i.f~ ~('-i.t1t !~',f fCill~,.t;t'f21CilI) hCi:~f~,' ~.f~C i~f i}1C E~fi%~CfI\ (~!if~U3f?f !u .ifl~ ~~`~sCf ~:l:C :~~l1[JIf1Ci~ lfi I~1i1 ~;.'~i:fl~\ ~~l•t,~l?it'.'!1! +!f If`f C^If~ ;'1 .1 jli~is111C111 "fl~:~(~![l~ ~fll~ ~C~Uf11~ ~fi~1(Uf111•ill ~fiti\C L(~iil!lIIS~~11~.tfC ~f13~ ~~t:fft~NCf ~,c~ I r~.:E;r .il1 .u;~:. ~~hi:h ?hcn a,~u!c1 hc• ~1ur un..c•r ti,~~ ~ec~nt~ Lititrurncnt ,~n~1 th~ \~~tr h:~~ n~, a~celrrefi;+ri _t:f~'~ ..~~ti ,ICi.~~.i~' ~+1 ,llll ~~i~lc'f ;~~'•Cildll:? ~~f .I~TCI'RlY(II~. j d~~ .f~~ C~~k(S~C? It:~:U(fCt1 Ifl CI~fUfllll~ I~ll~ ~::~",.~i1~,;:!. f'f~. i.;:l;f-~~.. ~';if 71 ~f liR~l(Cl~ :C.ii~:ti8h~l dllitfili'S~~ lCC~. .:ilti (l~~ I.~~~ ~lt~}'. d:Ii+~~fl J\ ~ CfiijC( [il:l\ ~'..t•..: . . ~ .~.~y'...., . ~ '..if!' !f:,~! '}lr ;{!'fl ~~ll~ tiCilifl{~ ~•tl~.f`IfflCti~. ~ C;il;t't~~ i~l~,'}7i~ ftl I}iC F~f~)j~tfl\ :Slllj {~~fT~~Nt`f~~ ...,i'. ~`.t\ '1l~- c~l:t~ ._.:IfCI~ i}il? ~:'.Ufi[i ~fiti~fllfilCtl~ ~~ld~~ i!~fiiitiUC U~1~}:dii~,Cli ~ (~~tl fCIilll.i~C(ilCill h~ . . 1,'._.~. ~ ,~:l,i::;!!i:~ii' ,titij f~IC ~~~~'llidii~'I1~ ~:ll:(Cll fiCiCf%1 tif~:f~~ (C(::,llli fU~:~ C~TCilltl-.tti 1~ f:t~.1~iC1Cid:1~'fl .r,.:.; 1! ,;,t~r r:•~r;.?.,~r,}:,~li n~~~ ~j~;~~i~ ~r~ t?ir;.,`r ~,i:.~~<<~ler<iti~~n un~.r rar.~gr~f}}i. i?:,r 1' r ~ 59~ ~6~ c ~~ut ,i~~;1. ~ t _ ~ _ r . t _ _ .~~,.~,.-~~.i~ti-~. ~~.~`~r~x"~ ~.r~~ y="Sr-~3,-~~c„~.^,"'"'~`r-`~,'