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HomeMy WebLinkAbout0984 . . 1? ( rn.irr rryuirrJ m~,rtg~gt ~murancr a~ ~ rund~twn uf making the lu~n ururrd h~ ihi~ Sr~untj Instrument, li~~rr~~~~•r .h:~U E,ay tht ~rrm~um~ rryuirrd t~~ maintain thr inwran~r ~n rtTrrt unhl ~uch umr a5 thr rryuirrmrnt li : thr in.ur.u~.r ~rrniin~t~. in :~~:~~rdan~r with E3urrc~wtt's ~nd Lrndrr's wntlcn agrermrnt ur a~pli~ahlr law ti. Inspection. l rndrr ~~r ih agrn~ m~y makr rcas~~nable entnr~ uExm and impecuon+ ~~f thr Pr~~~rr~~ Lrruirr .h,,li ~;i~r li~~rruwrr nv~i~r a~ ~hr time e~f ur ~nur t~~ nn im~tion spr~~f~~ng rra~unable ~auu for thr imFxru~~n j 9. ('ondemnetion. ~Thr ~r~kerd~ ~~t an~ :~ward ~~r.laim f~r damagr~, dirr:t ur r~>n.ryurntial, ~n c~~nnt~ut,n Hith ~ en~ ~umlrmnani,n ur t~ther tak~ng ~~f an} ~art ~~f iht Yruprrt~. or fur r~m~r~an~e ~n liru ~~f ~unclemn~twn. arr hrrrhy ~ a.,i~;nr~1 ancl ~hall hc ~ei~ 1~~ Lrnder 1 1~~ ?he r~rn~ ~~1 a t~~tal tak~ng ~~f thr Pru~rrt~, the pr~krr~iti ~hall hr a~plie~f t~~ ihr,umti ~r~urrd b~ tMti Srcunt~ ln.tri(r,irnt, W hr~hrr ~~r n~~t thrn ~iur, W i~h an~ r~crti~ ~~:~id t~~ B~~rrov?rr tn thr e~rm a~~rt~al taling ~~f ~hr Pru~rn~, ~ unlr.~ R~~rn~wrr snd l.rn~frr :~thrrW i~r agree in wnling, thr tiumr uiured h} ihiti Srcunty Imlrumrnt ~hall hr redu~ed h~ ~hr ,~irn~unt ~~f thr ~r~krr~1~ multipl~rd bc thr fc+ii~»ing frarti~m la) the t~n;?1 ;i~r.uunt uC thr tium~ ~rcured ~mmrclia~rl~ hrt~~rr thr taling. dni~ir~i h} Ih) thr fair markrt ~alue ~~f the Pr.~prny ~mmecfiatrl~ hrf~,re thr t~king An~ halancr ~h~ll hr ' ~ei.i t~, f3~~rr~,Hrr I( ~hr PmFxrt~ ahanJunr~i h} l3urmwer, ur ~f, aftrr ni~Urr h~ [.cnclcr ~t~ R~~rr~>vorr th.~1 thc runcirmn~~r ufTcn tu ; rn:~i~r an :iw:ird ~,r .ettlr s:I~im tur damagrti. 13~~rn,Nrr fa~i. ti~ rc~Ex,n~ t~~ I.en~lrr H nhin 30 ~1~~ti ;~ftrr thr datr thr n«urr 'I gnrn. I rn~ler i. authi~nrrd ~c,lle~t :~nd a~+~l~ thr ~nkrrdti. at ~h i~~ui~n. rilhrr ti, rrtiiurauun ur re~air ~,f thr Pr„~rrt~ ur i t~~ thr.urn~,r~urrd hti thiti Srrunt~ Ir~~trumrnt, ahrthrr ur not thrn dur ~i l'nlrti~ Lrndrr and F3~~rr~~wer othrrW ~~e agree in writ~ng. an~• applirau~,n rr~xrrJ, t~, ~nn~~ral ,h:+i! n<it r!~irnd ~~r i ~~,tGx~nr thr due datr ~~f the monthly~ payment~ rrferrecf to in ~aragraph~ 1 and 2~~r rhangr the am~~unt ~~f,urh p~ti n:rnt. ~ 10. Borrower \ot Released; Forbearance By~ Ixnder \ot a H'siver. f:.~trn.iun u( the hmr fur ~;~~mrnt ~~r ~ m~xiiti~auun ~~t anu~rucatwn e~f the wms secured by th~s Secunt} Instrumrnt gran~ed by l.rnder ti~ any wcretiwr ~n ~ intrrc~t ~~f H~~rn~wrr tihali nc~t i~Fxrate te~ rrlesx the I.ahil~t~ c?f ihe ~~rig~nal 13urn~wrr ur f3urr~~~rr'~ tiuccrtiu~rti ~n interr~t. Lrn~icr ~hal! nuc br rryuirc~l ti~ ~ommrnrr rrcxrrduigs againtit an~ wrcr.~~~r in ~ntrre~t ur rrfu.r tu rxtend hmt f~~r ~a~mrnt ur ~~thrrHne meKiil~ arn~~rt~zauun uf thc wm5 ~c~urrd h}~ thiti Sr~uni~ Imtrumrnt h~ rraum uf an~ demand ma~1c b~ thr ~~ng~nal f3~~rruwrr ur 13~~~ruwrr'~ wrir~wn in interr~t An~ fc~rhraranrr h~ Lrndrr ~n rtrrci~ing any nght c~r remr~~ ~hall n~~t hr a H ai~ rr ~~t ~~r ~rrriu~lr thc rxer~ i~r ~~f any nght t~r rrmrd~ 11. Successors and AssiRns Bound; Joint and Several l.iabi{ity; C'o-siKncrs. The ~c~~rnant~ and agrrrmrnh ~~f thi. Sr.•unt~ In.trumrnt tih~ll hin~! and hrnrfit thr ~ucrrtiu>n and s~tiigm ~~I Lrnc~rr and 13~uruaer. ~ub~r~t tu thr pn~~ ~u~m, c~i ~:iragr~~h 1? R~,rrc~Her'. ~u~rnant, ~nel agrrcrnrnt~ tihall he~~~~nl and u~cr;~l An~ f3~rrruwrr whe~ c~~•tii~ns thiti Se~unt~ Ir~.trumrnt hut ~1~~e~ ni,t z~r.utr the \,,tr I:~1 ~e,-~~gning thiti Se~unt~ In~trumrnt unl} ti, martgagr. grant and ci,me} f tt~,~t f3<~rruurr'. i~[rrr,t in thr Pr~~~~rrt~ ~nd~r Ihe terrn~ ~~f thiti Sr.un~~ Imtrumrnt. (b) i~ n~~l prrumsih ~~hiig~tcd t~~, ~ tiie wrnti tir.urr~1 h~ thi, ~rrunt~ Intitrurncnt, and Icl agree~ that l.rndrr and an~ ~~ther Beirruwrr rna~ agrer tu r~trnd, ' rncxlili, fi~rhr~r ur rt~aG.c at;~ a~~~~rnm~~stu~n~ w~th rrgard t~~ thc trrm~ ~,t thn ~r~unt~ In~tr.~mrnt i~r the :1nlr wuhuut ' that R~,rn1wrr'~<<,t»rnt f i t2. Loan ('harues. If thr 1~~.~:~ ~rrurrd h~ thi~ ~rrunt~ lntitrumrnt i. ~uh~r~i t~r a 1aw wh~~h ~rt. matimum }~~.~n { ~hargr~. and tF~c~t Isw tir:~il~ ~ntrrprrtrd u• that thr ~nteretit ~~r cuher lu~n ~harRc~+ ccillerted +,r tu hr cuilrcted in ~ ~~~nnr~n~~n w;th thr !~}an r~rr~d thr ~+rrmitte~f lim~tti, thrn (al an} ~urh i~+an ~h~rge tihall hr rrdu~r~i h~ the amc~unt nr~r,~er~ t~~ rreiu~r the ~hargc t~i thr prrm~tted limit, and Ih) an~ ~urm alrraci~ ~ullrr~rd fn~m ti~~rr~~wrr wh~ch e~cre~irei ~rrrnittr~l lirnuti will hr rrfundrd te~ Rnrmwrr Lender ma~ ch~xi,r tc, m:~ke th» rrfund h~ redu~ing the pnncipal owrd un~ler the \c~~r ~~r hy maktng a dtre~t ~ay ment tc~ &~rruwrr if a rr(und rr.iu~r~ rnn:iF~.~l. thr rr~lu.tu~n will he treated ati a ~:~rti~l rreE~a~rnrnt with~~ut an~ prr~a~ment ~harge under the \utc , ~ 13. LeRislation AffectinR Ixnder's RiKhts. !f cn:irtmeni ur rt~~r.+n~~n ~~f ;~~~+li:ahlr I1K~ h:~ti ihr effe~t r.!' ~ rrn~ier~n~; an~ pru.i,~un c~f thr \~,te.~r ihi~ Serunt~ I~titrumrnt ur.rnfur~ rahlr a~.-ur~iin~ t~~ ~t~ term~, Lendrr.:~t ~h ~~~ti~m, ~ ma~ rrywre imrned~ate r~}ment ~n full ~~f ~11 tiumti ~etu;ed h~ th~~ Scc~nt} In.trumer~t ~nd ma~ im~ske am rrmed~rti ~ ~•rrru~t~ii b~ ~.?raKraE,h 1`~ li (.rnelrr eter~itir~ thi. i~~ti~m. I rnclrr ~hall ta~,r thr ~ir~,.~r~itird ~n the irc~,nd ~sragra~h ~,f s F .~r.~cr~~h 1' 14. ~otices. :~n~ n~~u.r t~, ii~~r:,,,.~~ ~~~„~~i«i i~,~ ~t~~. s«~~~~~ In~tnimrnt .hal~ he g~~en h~ drlnenng ~t h~ ~ ni.~i~ink ~e hc fir`t ~l3.ti msil unlrti~ ~~~~~i~ah~r !aw rryuire~ u~e ~~f an~}~hrr mrth~Kf Thi nuti~c ~hel) hr ~~ireitr~ tn thc e I'r;,~•rt} Ad~1rr~. ~~r an~ ~,thrr e~iil~r.~ fi~,rr~~wrr dc~ign:~tc~ h~ n~~u,:r tc, Lrndrr An~ nun~e t~~ Lender ,h~ll br gi~rn h} ~ tir.t :I.~.~ msil t~~ I.cn~irr', ailJtrti~ ~tatrd hrrrin ur :~n~ ~~(hrr ad~lrc-~~ I e(1ljCf 11C~1~;fIJiC~ h~ fl~}U~C IO I~~ff~~MCf An~ n~~:i~e ~ i~r~~~ufr~i (ur in thi~ Sr:unt~ Intitrumerit ~h.~ll hr dermrel t~, h.s~r txcn ~~~rn t~, f3~~rr~~urr ~,r ! rn~irr whrn ~~~en ati pru.~drd ~ ir, thi, ~:tr.~gr~~h ~ IS. GorerniaR l.yw; tieverabilitti. Chi, tir~unt} {~~~trum~nt ~hall hr gu~r;nrd h} fcdrral la++ and the lav? ~~f the ~ iun,~ii~u~~~i in which thr }'rn~rt} i~ I~~ated In thr r~rnt Ihat :~n} ~r~~t;~ie~n e~r clau.e ~~f t}us Seiunt~ Invrurnrnt ~~r thr F, 1~~te ~~~nflirt~ Kith a~~l~c~hlr I~~. ~uch ~~mfiirt tihall n~~t at~ert ~~ther ~nni,u~nti ~~f thn Se~unti 1mlrumrnt ~~r the \ute ' ~~hi~h ~,~n he gnrn efTect with~~ut ~hr ~unfl~rttn~t E~ru~itiu~r. T~~ thi~ end thr pr~~.i~~un~ ~~f ~hi~ ~e~unt} Inurumrnt ancl the ~ \,~tr.~rc ~Ir~l:~reci t~~hr ~r~erabfe lb. Borrower's ('opy. f;<~rr~~w;r ~hail he gi~rn ~me ~~~nfc~rme~i r~~n~ ~~f the'~i,tr and t~f this Sccunt~ Inetrumrnt 17. Transler of the Pro~erty or a Beneficial Interest in Borrower. If ~If ur an~ ~art ~f the Pn~~crty ~u am ~ i:;tcrr,t ;n it i~ ~~~Id ur tran~fr~rrd I~~r ~f a brncfic~al ir.lrre~t in R<~rrciKer ~~~Id ~~r tramfrrrec7 ~nd l3~~rruwcr i~ n~~t a natutal ~ ~rti~~n? withnut Lcnder'. pnur untten ~•c~ntirnt Lrndrr may, a~ it~ <i~,tir.n, reywre ~mnirdiase pa~mrnt ?n full c~f elt ~um. ,rcured M thi~ ~erunt} ln~trumrnt He~we~er. th~~ ~~~uun ~hall n~~t he rxercttic~ hv Lender if e~erci~r ~ti ~+r~~hih~teci b~ tr.irral iaw :~b ~~f t~ir date c~f this S.~:unt~ ln~trumr~t If Lrn~ier e~rrciu-~ this ~,~uim, Lendrr ~hall Ri~e F~~rruwrr nuurc ~~f a:~ele~aU~m "Thr n~~nre tihall ~n~~~~fe a pencKl ~~t n~~! !r« tha~~ ~1a~5 fn~m the.latc the n~~u.e ~ti deli+cred c~r maiied w ithin which 1~~rre,wer must ra} all ~um~ u~ured h} !hi. 1c;unt~ In~trumrnt If Horrt~wer fa~lti tn ~ay the~e sumc pncir t~~ IFc cipiranun <~f thiti ~en~x1. Len~rr ma~ in~~~ke am reme~7~c~ ~rrmitlyd by thn Secuctty Imtrument wtthcwt further notice or demand ~m F3~~rrc~wet. 18. Horrower's Ripht to Reinstate. If F3urreswer meets certa~n c<~nd~nr.m, f~~rr~iwer shall ha~e the nght to ha~e er~t<<r.rment ~hiti Se~unty Intitrument d~kcmunued at any Umr pnor to the earlier uf la) 5 days t~~r wch c~~hrr penod at ar~li~anfe !aw f113~ spe~ ~f} fnr re~mtetcment? befc~re sale of thc Pro~xrty pur~uant to any pe~ucr of .alc c:untaincci ~n this _ lrcunt~ Intitrumenr. c~r 1b) entr~ of a}udgment enfc>rcing this Setiunty Ir.4trument Thc>u condiuons are that &~rrow~er .(a? pay~ Lcndcr all wms which ~hcn w~uld t~e due undcr this Secunty Inurumcn~ and the hote had no accclcraUon ~.;~urrrd, lb) cureti an~ default of any other covenants or agreemrnts: (c) pa}~s all expenus ~ncurred in enforc~ng th~s - Sccunty (ntit; ument, ~ncludmg. Eut not lim~tcd to, rcasonable attnrney5' fect; and (d) takcs such acUon as Lcnder may ~ca~c~nably rcyu~re tn atiture that the lun nf this Secunty Instrument, Lender's nghts ~n the Projxrty and Bo~rower's ~bligatum tc~ pay thc sum~ xcurcd by th~s Secunty Instr~mcnt shall cont~nue unchanged. Upon re~nstatcmem hy Fi~~rr~~v.er, thi~ Secunty ln~trument and the ~bl~gati~ns srrured hereb}• shall rema+n fully efFecuve as if no accelerat~on had -xcurrcd Fl:~µctier, th~s nght tc~ rantitate shali n~~t apply in the ease of acceierahon under paragraphs l3 c~r 17 ~~~r.,J=~t,~ ~~~f ~1~~ ~ ~ v_ ~ • s ~ ~ k~~~~~ _ n