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HomeMy WebLinkAbout0966 II I rn.irr rryuirr.i m~,rig:.gr in~ur~n~r a~ a run~iiiu,n of making thr It~an ~riurr~f hy ~h~. Srcunt~ In~trumrnt. li,~rr~~~.rr .h.~ll ~~a~ tf:r ~rrnuumti rryu~rr.l tu m:imta~n thr ~nwrancr ~n rfTe~t until ~urh timr ~tir rrywrrmrnt ti~r thr in~u?.u?~r trrni;n:~tr, in ;liiUfl~:llli~ NIIFI I3l~ffUNCf'1 ai~~1 I.rndrr~S K'(IllCil d(~(CC(i1Cf1I ~1f il~(1I1~3f1IC I:lK R. ln~pcction. Lrn~irr ur it~ .+grnt ni:~j makt rraumablr entnc~ uFxm e~iJ ~mpr~iicm, uf tl?r ~'ri,~rr~~ l.cn~irr .h.tli ~i~, R~~rn,wrr n~~ti:r at thr hmr ul ur ~n~,r ti~ a~~ ~m~r~nnn ~pctii(~ing rrau,nablr cau~r f~x thr u?~rr~ tiun 9. ('ondemns~tion. Chr E~nkrr~i, ~~t an~ aN:+rd ur ~l~im fur ~magc~. dirrrt ur run,ryurnuai, in runnccu~m w~th ,~n~ ~un.ici:,n.+ti:,n ur ,,th~r t~lir~K ~~t :~n~ ~srt ~,f thr Pr<~~rrty. iir for can~e~ancr in l~ru ~~f c~,nJrmnaUun. ~re hcrrh~ .n.ihnr.l an~1 ~hall hc G~:+i~1 tn Lrr.ilrr. In thr r~~n~ ~~f t~,tal taking i,f thc 1'rurrrt~. thr ~+nkerdti tihall hr applir~i t~~ thr ,um~ ~rrurrd h} ihi~ Srrunt~ In,trumrnt. ~~hrthrr ~~r n~it Ihrn dur, KIIfI :lll\' t\~C~ti ~l:fl(~ Il) ~~rrowrr. !n thr r~rnt ~~f a~ art~~l tak~ng ~~f thr Pruprrt~, unlr,. l~~~rn~Hrr ;~n~1 L~nelrr ~~tl~rrW~tie a~rer in wr.ung, thr wms u~urecf hy th~~ Sc~unty Instrumrnt tihsll hr rr:fu~rd b~ thr am.~unt uf thr rr~krrJ~ muiti~!~rcJ h~ the ii~lluw~ng fraruun: (a) thr total amuunt uf thr ~um~ tircurru immrdiatrl~ hrt~~rr thr taling. ~1~~ u+.rJ h~ ~h) thr f:~ir mark~t ~alur of thr Pruprrty immr~i~atrly i~r(urr thr tak~ng An~ balanrr tihall br ~~.u~1 t~~ I3urrr~~cr If thr f'ru~krt~ i. ahan~i~mrd b} H~~rmwrr, ur il, after nc~!irr by l.cndrr tu Hurru~crr that thr ~c~ndrmnur ufTrr. tv ' n~akr an aw;~r~ ur,~itlr a rlaim ti~r d~magrti, l3~irn~v?rr fait~ t~~ rrsExmd to Lrndrr wi~tun 30 ~fa~ti aftrr thr ~iatr the n~~u~r is ~nrn, l rndrr i, auth~~nrc~i to rulirct and ~ppl} the pnkrrd+, at ~t~ opUun, r~thrr to rcyte~rau~~n or rrpair ~~f thr f'n~~erty ~~r <<~ ~hr ~um,.c~urrJ b~ thu ~~~~nt~ In~trurnrnt, whether c~r not thrn duc. l'nlr„ l_rn~lrr and Re~rn?wer uthrrwise:~grrr in wnt~ng, any appLcah~m ~~f prcxred~ tu ~nn~i~al ~h~ll rn» ritend ~~r ~~~.t~~nc thr ~iur ~atr ~~f ihr mc~~thi}• pa}•mrnts rrferrrd to in ~aragraphs 1 and ? or rhangr thc amuunt ~if tiurh ~?a~mrnt~. lU. Borrower \ot Released; torbearance By lxnder Vot a K'ai~er. E~ten.wn of thr Ume fur ~:~ymrnt or m~xiiti~at~un nf ~muru~~nun ~>f thr ~um~ tictiurecf by this Se~unt~~ Instrumrnt granttci b~ Lendrr tu any ~u~cc~u>r in intrrctit ~~f 13~~rri~Wrr ~hall n~~t c~perutr tu « leatir ihe liebil~t~• of thr ong~na) &~rrower or &~rrower'ti ~urrr~w~n in intrrr~t. Lrneler ~hall nut hr reywrrd to rommrnrr ~rcxreciingti aga~nst any succc~k~r in in~rrc~t ~~r refu~e t~~ rxtrnd umr Eur ~a~ mrn~ ur .~thrrw ~~r m~~if~ amc>~tirat~.~n i~f ttie wmti xtiurrd by th~s Sec~nty In~trument by re~wn uf an~ drmsnd m3de h~ thr un~in~l Burn~wrr ur $;~rr~~Nrr~ti wr~c~~on ~n ~nterr~t. Any furlxarance hy Lendcr ~n rierr~L~ng ~n~ nght ur remcdy .tia{i n~~t hr :i w:u~~r ~~f ur ~rrrlu~fr thr r?err~ise i~f an~ nght or rcmeciy I1. Successocs and Assigns Bound: Joint and'+ereral I.iability; Co-signers. ~Thr ro~rnant~ and agrermenh ~~f thi. Sr~ unt~ In,trumrnt ~hali bind :~nd t~enrfit thr tiuccc~x~r~ and acsigns of Ixndrr and fi~~rmwer, sub~r~t t« the pri~~ itiiunti ' ,~f ~3ragr~~h I%. &~rr~~Hrr'ti ~•~~~rn:~ntti and agrrementti shall br jo~nt and tir~er:~1. Any f3orn~v?cr w h~~ c~r~igm th:ti Sr~unt} ' ~ In~trumrnt hut ~1~xy n~~t c~e~•utr thr \~~tr: (a) i~ rc>-tiigr~ing th~s Setiurity Instrumrnt cmh tt~ mc~rtgagr, grant and run~r~ ~ tt:.it ti<,rn~wer', ~ntrrr~t tn thr Pre~~xrt} under thr trrm~ uf th~~ Sctiunt~~ Instrumrnt; (b1 ~s n<~t prrumally ohhg3ird tci pa} tiir wrn~ .r~ured hti thi~ Sr~u:it~ Imtrurnrnt; and (r) agrrr+ ihat Ixndrr and sn~ e~thrr E3~irruwer m~~ agree tu e~tend, n~~+.iif~. f~~rh~ar c~r makr am a~~.~rnm~xi3t~~~m Nith rrgard ti~ the term~ of thi~ SeY•unty in~trumrnt c~r thr tii~tr withuut ~h.~t }3iur~~urr', ~~~n~rnt f 12. l.uan ('harKes. If the luan .e~urrei h} tM~ Srcunt~~ ln~trument i~ tiuhJe~t tc~ a law whi~h tietti ma~imum ir~n ~ ;hsrgr., ancl lhat iaw n tinafl} ~nler~rrtcYl ui th~t the ~nterc~t cx othcr luan rhargc~ e~~lir~trd ~~r t~~ hr e«Ilected m ~ ~~~nnr~n~~n Nith thr lt~an rx~erd thr prrm~?trd lim~tti, then (a1 ~ny such Ic~an rh~rge tihall hr rr~iuced by thr ~mi~unt nr~c~,ar~ t~~ r«iu~r thr ~harge t~~ the ~rrmit!rd limit; ;~nd (h) any ,ums afrrady ~ullertc~f fmm l3~~rruwrr Nh~rh rx~rrdrd ~rrnuttr~i lim~t~ wsfl ht refundr~f t~~ Ex~rr~~wer. Lendrr ma} rh~xne tc~ makr th~ti refund h} rr~iur~ng thr ~+nncipal uwc-~7 ~ uri~rr th~ \~~!e ~,r h~ niak;ng a d~rrct ~a}mrnt t~~ l3urruwer If a re(und reYiuc~~ ~nnr~pal, thr rrciuctum will t~e trratrd a~ a ~~:srt~~i ~~rr~s±mrnt Nith~~ut an~~ ~rrpayment rhargt un~ler the'`~~tr. ~ 13. t,eRislation AKectinR I.ender's Ri~hts. If rna.tment ur c~pirau~~n ~~f a~Pl~~ahir Irw~ hati thr effc-~~t ~ r~i,.irr~n~ an~ ~rc,ti ~,um ~~f the ~ute ur thiti Sr~unt~ lmtrumrnt unrnf~~rcrable a~rc:r~iing h~ it. trrm~. Lrndrr. ~t it~ ~~~ti+=n. F rn.~~ rryuirr immr~ii.rtr ~a:mcnt ~n fu!1 ~~f all ,um~ ,c-~~ure~1 h~ thi~ ScYUnt~ Intitrumrnt and ma~ in~~}kr sn} rrrnrdic-~ ~ ~rrnittc~l h~ ~~ar,i~r~~h lU !f Lr~ider r~rrriu~ th~~ ~,~I~un. LcnJrr tihall tske thr titrE~. ~~r:ificd in fhr.riurid F arngra~h ~~f ~ ~~3r.~}rs~h 1' ' 14. \otices. Anz n~~t~~r t~~ Ii~~rr~~Hrr ~r~~~idr~i fc~r m th~s ScY:unty Inurunirnt.hrll hr gnrn h~ ~ieli~rring ~t ur h~ ni.ulin~ it hi~ tirtit ~le~. m:t~) unle,~ a~~lir~hir ;a~ rryu~rc~ u~e <,f an~~ther mrth~xi ~I he nuh~r ~hsl! hr d~reitrd te~ thr 1'n~~~crn ~1~i~irc,. ~~r an~ .~thrr a~ieJr~-~~ }i~~rruwrr dc~,igna~rti ny nut~ce tii l.en.ier Atz~ n~~t~~r t~~ LrnJrr ~h~fl br gnrn h~ ~ t!r,t :i.s:ti ma~l <<~ I rrtdrr'~ a~l~irr~~ ~t3trcl herr~n ur an~ ~~thrr sJJrr~t l.rndrr dr~~gn:ifl'i Fl~ ncrttrt tu F3~~rr~~wrr An~ nut~~r ~ ~>;~~~~.ir~1 t:~r in thi. 1e:unt~ In.trurnrrit ~fi1II hC ~lrrmrd tc~ h~~r hrrn gi~en tt~ I3~~rr:~wrr ~~r Lrn~irr Hhrn gi~en ~rc~~~~7r~i p I ~ ~s~ ~..,~.~rr.~rh 15, (;overninR l.ae~: Se~erabilit~. I h~~ k~;ir~h In~trumr~it tihall hr g~~~rrnr~l h~ (rdera) law an.i thr law ~~f the , ~un.,ii:t~~vi ~n w i:ich the Pr~,~ert} I~ketrd In the r~rnt th~t am prcnu~:~ri ur ~lau~r ~hi~ ~unty In~trumrnt ~;r thr Y \~~tr ~~,nflt.t~ wtth ap~l~~~hlr !aw. ~u:h Lunfl~~~ tih~il nc,t aff:tit ~~ther ~m~itiwn. uf thi, Se~unt~ Imtrument ur :he \;,,e ~ u t;~~h ~an tk g~~rn rffr~t w~ch„~t thr ~ur~f~~~ung ~ru~i~um T<~ thn rnd thr ~n~~i~u,n, c,f thi` Sr~wit~ Itl~[fU(I1CIlI 3IIlj lF1C t \•.~trarcJr~l:~rr.ltuhe.r~rrahlr. ~ 16. Ii~uroKer's ('up~. E~~~rr~>wrr .hall he gi~rn ~~nr <<~f1le?Cff1lY~ ~up} uf thr \;,tr ari~1 uf thi~ Seiunt~ ln~irumrnt 17. Trantifrr of thP Pruperty ~?r ~ Beneficial Interest in [iarroKer. If : U~~r :~n~ r:ut ~~1 thr !'r~~~rt~ ~~r .,n~ ~ n?_~~r,t in it n~~,1.1 :~r trantifrrre~f I~,r if a hrnrti;~al intrretit in i~,rr~~wer i~ ~~W ur tr:~n~frrrr~l .i~:c~ tiurruwrr t. n~~t a ryetur:~l ~ ~~r,~~r~~ w~th~~ut I.rn.ler'+ ~n~~r wni~rn ~un~rnt. I cnder ma~. at it~ ~~~ti~;n. :Ct~Utft Ifl?RSCljldl~• ~a~n~rn! in lulf ~~t sll ti:irn. € . ~ .r,urrci h~ tf;~~ ~c~unt~ It~.trumrnE Huwr~rr. thiti t~~ti+,n ~h~ll n~jr he r.+~cr~itiril h~ I riiclrs ~f ~v:r~iu i. ~r~~hihitrd h~ t~,JL•t:~t I.iw .i. ~~r the clat~ „f thi~ Sc~U~1t~ Intil~umcnt I! ! rn:~rr r~rr~~~~~. t;u~ <~F t:,~n. l.rn~lrr ~hall ~i~e f3,:rrs~wer n~~ttrr cif aicrlrr~ti~~n i hr n~~tt<e.h~li ~r„~~:ic a~~rn;~! ~~~~t ir.• rh,~;~ ±uu~.~ ir~~m chc ci:~tt tt~r n~,ti~~ itidrl~~rre.f ~~t ma~led w.ithin whi~h R~~rruwrr rnu,t ~:i~ JII tiUftl>>::urrd h~ r:.;. 1«;int~ Ir~~r:~tnrnt If li~,rs~~wrr (a~l~ t~, ~.,t ihetie ti~m` ~n~~r !i~ thr et~irstt~m ~,f th~~ ~~uxl. ! ei:~irr m:,~ in~~~l,r en~ r~_r~:cd:r, ~•rrn~'trd h~ ~hi~ ~ciunt~ Intitrurnrnt w~thnut furthrr nnncr ur cfrmand ~,n f~~rruarr ' - IR. Ilurrnwer'~ Ri~;ht to Reinstate. I' R~~rr~~wcr mrc~s ~rrtain iunciih~~:~~. t3~~r;~~wer tihsll ha~r thr ri~:ht tn h.~~e rr:+~ .r,ini:•t:r ~~f ttii~ Se~unt} ~(I~IfURlCtlt tjlKttllUtll3C(j :tt an~ timr ~nur t~~ thr carl~rr ~~f (:~I ~ ~Ja:ti I~~r ~uch ~~thcr E~rn~~ci a~ ,~~;~L..~hlc L~~i rn.~~ .jx•~~t~ f,~r re~n~tatrmrnt) ticf~:rc ~alr uf thr Pn~~xrt~ ~unu~nt t~, an~ ~,~+rr uf ~.ilr ~~mtaincd tri Ihi~ ~~~ti!1:~ ~fl~t(tl!T1Cf11. •.~C (fll :fllf~ :t )U~~FIIICi:I Cl1f~~fiitlR If;14 ~CiU~i(}~ Illti((Uttlcftt ~f1iriC C~-:flullli~ll~ Afl' that t3~~rr~~s~er ~.~i 1 rr~~lrr .~i) ~.:;rn~ wtn:h thrn ~~~ule± hr e~uc undrr th~s Sccunt~ (ntiirumrnt ard the \c~te ha~1 nc, acrrizrati~~n ~~.:irr<_ci. 1?,i ;urc~ ,~ti~ c1~lault an~ nthrr ~~,~cn.:ri~~ c~r a~rrrmentti. (L) (~a~~ aU cx~rn~c~ ~n~urrrd in rrifrr:inR th~. 1~'i t:!1(\ I!l~!fUfl;cfll. Itl~~iiljlflf. f1U1 Il~~i lIR1IIC(j 1~~. fl'd~Ull:lfl~f' J~l11fIlC)i~ fCC'ti. :11]{j l:t{~l'S SU~fI dllt~til :11 ~.iI1t~C1 iil:1~ E rr_~.~ ~,.+hi~. r~~yuu~• r~ .i"urr thet :hr li:n ~~f thi~ ~c•~_unt~ Imtrumcr:t. Lcndrr'~ nfht. ~n thc F'r~~~ert~ :~nd I~~rr~~urr', ,h1i,:.+ti:~r. r~ thr tiurr~~ ~e~urril h~ thi: tr:unl~ In.trument ;hall ~s~nltnur un~h~ngrd [~~~n reui~t:~trmrnt h~ (i,~rr~ ~•.+rr. t't:;. `r, :,r~t~ lr;,trur~irnt .~rirf thr ~,hiik,i:~~+~i~ ~ccurr~l herrhy ,hall rema+n full~ rtTe~tnr a~ if ~u~ aireler~ti~~n hacf ,irr.•,1 ~.cr tt~iti ri;;h; t~, rc~:i~te.r .h:ili ~i:,t .+~~I} in tht ~.~tic ~~rrl~rat~~~n ~ndcr ~aragra~~h~ 1 ~ ~~r 1' noRK ~93 ~~cE ` - - ~-'I ~ ~jy y r r r ~ `~-~~~-~~~~`.`.~z-~~~ "h ~,..s~~~.~ ~ ' a ~=~`3~ac~