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HomeMy WebLinkAbout0989 11 Faiiure ot Borrower to Comply w~th Murt9age. Sr ,~~.'t2 Ei~r tr.r f,i:l iri~hr tny {,d~i~,rnt C~! ! i !r: :7:, :~n~ ~c , . . ~ ''y.~~~d ~i~ i~i~ fO (it)i!.)r~,..i;lj )I~i~,~dt: . ~ ~r~ uri+t! 1iy 'ti:S ~.~v~'.j:~4Jt' u~ .~ny l ~iUrlr,.~!.•' e.jrtsr.,1 !.iI l~ Atj FSC/~.,:.41~•ti~..~ , - t . ' ~.i ~ .,~~~te~r lhiti ~!ort:.~dyte L<;nil~ir I~ul ~,h~th:~~~~ ~~L~,~~:~hun Sp fU dnd w~l!ic~ut ~~uti~.c ~U O! d6n~dn:1 ut~~TB~?rVrW" d~,~-! .v~lt~ 'r ;?,iir;>w~ri iruni <tny pUli~~~hi,~, ~;r!r:;t dn<] .ti~ihuu! ~ unlc~ ;(~ny tr,e+ v.i!id~ty ur ~n~u~nt of thB S~m~ nr~y i~31 pAy or do tht~ ~.~rn~~ ~ , t r-,~ ~~~,1 to suth ~xlent ds ~t m:fy :1Nbrn ~~r~ v»~iiy t0 prU~~'i.t the St•~,ur~ty hHrvof. t endf~r t~.~~riy aul~~Uritr;d !o r~~'u, upon ~:it,h ~~rp~s~•~t r F,• r ;~urp~~S~s. iUl Pay. Pu~ChaSe, Contr~i or CUrnpion~:•.e dny enc~muitin(.c~ c.herye or I~en whiC~ in ~is ~uilyns~.~~t is Or :~;~~!~~rs tc; t,~• (,r:t~, .,i :,N.~r~ ~r herut0. dnd lC3 ~n e~t~~4~s~ry ~iny S~~Ch po.tier ~~;?y n~::~ssery F~a{~t~nsuS ~n~iud~rg ~ut r,u! '~rn:t~•~: r~,~'~~nah:t~ ,a!'.;~ •.u; ~~u~+~ iiunower dyrHes to repay any ameunt so expenJr.d on ddr!iand o} Ler„ier i? 31 Sums Advencsd to Bear Interest end To Be Added to Mort9afle. Tc pay immed~ately upvn dern~~na eny sums <<av~,nc~•~~ ;,a~~t t~y Lender under any ciTUSe or prov~sion of ihis Mortgage Any suc~ sum. :,nt~i so rapa~d. sh~ll be~ secured ~~!et~y and [~ear ~nte+r~:st hun, ~!,r ~:±~e ~t was advanCed or paid at the same interast iate, as may De ad~usted froni hme to hme, as such ~ndebte~ness and suc.n ~.:rn an~) •~!erest theraan shall be secured by tMS Mo~tyage i t 4i 1~pplicetion of funds. Ler~der Sha~l have thB righ! at ~ts s0~e d~sc~et~on to d~rQCt Ih~ manner in wf~~~:h peyments or pru~.eE~ls ,~~e~, ~,ppi~ed upon or a~located among tho vanous items ::onstitutiny Bovowers ~ndEGtednrss or obl~yahons sr~cured hereby ; 1 51 Obligatfon ot Borrower Jofnt end Several. It more than one person is named as BOriUwer each oLl~gat~on of Borrower sr~~u Le ±r~c• ~o~nt and ssveral obl~gatlo~~ of each such person ! 16! No Wsiver by LendYr. No wa~ver by lende~ of any r:yht under th~s tilortyage sran De effect~ve uniE3ss ~n wr~t~ng Wawer Uy Ler.~e~ ! any r.ght gra~ted fo Londer under this MoRgage or ot any prov~s~on ot ?h~s Mortga~e as tc any tr~nsa .Uun or occurrhaca sr;all +~ot t,a :~•emed a wa~ver as to any luture transac;~on or oe~Cur:encP. E3y accepting payment o~ any sum secured t:ereby afler ~ts due da:e. U~ t~y ~~ak~ng ~ny uayr,ient or perfc~rm:ny any act on Uehaif o~ B~rro.ver that Bonower w~s oGi~ya!r.~] hnrr.under but !a ied, !o make o+ ,ier!orm o~ ~ddir•g any p3ym~n! SO ~nade by lentl~r t0 the inC@b!ednaSS ,ec,ured hereGy. Lender d,c~y not wa~ve ~ts;~yht to requ~re promG,!;,a,~n;.~~~! ..'uen due Of all ~,trer sums so secured or to requ~re prpmpt per}Orm~ni,e o! all oiher act5 ~e~c;u~rad hereur~!r.! or !o dNc,~arr. t, clefau~!'.-~~ ~a~!ure So to pdy such other surns or to pertorn~ suCh othe~ acts • t 7~ Tranefer of the Property; Assumption. Acceteratiun Ciauae: Right of Lender to Declare All 5ums Due on a~y Tran~fer. Etc. .~~nde~ shal! have ttie nght. at c~5 Ophon. IO Leciare any mdebtedness and uG:~yahor~s secur~d~hereby ~rrN;;.ec~~vr. o! tne matur:ty -:a•~• ;,ercrt~ed ~n ~ny npte or ayrr.er~~ent evide~c,~r.y ihH same. due ar.d payat~le w~th~n 3C days aiter suC'~ utrc!arahan ~t ia, Br,r•c,+~rr or a~:y : e55or ;n ~n!Nrest Io BOrrower o? s~cn ~~~on~,~iy se~is. e~,trrs ~nto a cOn?raCt ot sa~e. Gi~nveys u~ a'~en,i~~~s suc.~ ~;rr,.~~rty `v! any- pa~! .~~r ~f or sufte~s his hYe Ur ~ny int~:~est !~ere~n to Ue d~vested. .v~ether volunta~~ly qr ~nr~ ~ur,tar,iy p+ ieaSerS Such prvi,e~t~ ~r ;,ny ~~~,+t "~c`~ `Of fpr ~ Ie~rn O! m0'e th~n 3'~earS. Or ch~nyr.s or pEf~rl;;510 t~e ChFinC~r(7 !hE ~t!a.'3Ct@~ O~ u5e O! SuCh pru~Crty or d!~~:5 O~ t'xlydC;S ••'e•5 ~~IC a!ease tur !ne tln~i~r•~y !o~ or exiract~ny ot oil, gas o~ other hydrocarbon Substance a~~y rmnert+: ot ~ny!c~nU G~ cha~~~ te~ u~, s..,_~ . • ~pe~ y or~biBo~~ower~sapa+:nersh~pan~~the+nterestof~yer~eraip~rtner•Sass~9red~rtranslerred,or . B~rro~er~5acorpo~at:~~~r:a~:~1 ^--;~te ( lcin ~~~j'~, pf ~hC rp%pp~g(~J~ StOi:k (hef@Cf ~S SOIU, t~a!`StB~tBd O~ .~+ss+yneU du~iny a 11 RlUfilh nQf~OJ G.'! (~i l30~!OWf±I i5 e;/US! ~i^U 1`~F'~e ~ a i:t: 3rye of henehc~al ~r,ter~st .~+~~,h res,^.ect'o m~ rr thar~ 25+: of such prope~ty ur;e~ Bo~+ower has made a~y matena< <~~~Sreprese~~tat r,r •!a:~e~ to d>cIUSe d~y mdiP.ndl t~~Ct ~n ihcse ~ r~r'.a~n finan~~ai and o;~e~ wntter, r~p~eSer.i[ttiuns anci d~~'~~~~SUrES !r:ddE t~y E30~!i~n~B! .,~.7rt i~tJuCP LH~(~E'! tG enter ~rto the t~ansac!ic~n ~v~dE~r,CEd by the prum~;sory ~GfQ Ut t10!t.'S O' dil'Fr"1E~t~~;5 Wh~Ch Ih~S ~.!-.~rti)d:~Q .r:_U'dS ~''3! ACCBIBfH110fl; Remedies. E~cept Fi5 G!Ov~G~@d ~n p31~t~tdph 1 7 htlepf U[>On ~Ot~awer's t~,reach oi any covBnH^t C~ 3•j~@@f1thY1! G~ ~*~•wer n this MOrtgaye. inciud,ng the t'.ovenar?s to pay when tlue any sunis se~~red try this Mortyage. i.er;]e~ ~~-o~ ac<.e~e~at~uf ,'~a". n;,~,ce!o Bo~rower as prov~ded ~n pa~ayrach 29 !:ereuf s;~ec~fy,ng ~ a~ the Greach ; b, tne act~on reQu~rEa to ,~re s.:cn breacn. ! c~ a ~a?e ' t55 (han 30 dayS ftum tn~ d31i~ fhe nOLCe ~5 ~rid~led tp Bufr~,y~pr by wh.ch Such breach rr.u5t be Cweri. anrS ~d~ tt~~t ~a~iu~e ;O Cu~F S~L^ ~•.~ch on cr ,>Ete~e thc~ ~ate spec~!:etl ~n t~e nr_t:cc may ~esu~t ~n acceie~ahon ot tne sums sewred Gy th~s iS~o~tyaye tore~'osu~e by ~~C~c•~' ,•.,ceed~nr; ~1nU 5die n! !he GTUpE'rty If thP. h~eaCh ~s not ~ured on cr pefo~e the date spec~~~ea rhe not~ce lende~ at l er,der s ophon may ,•~._ia(P a~; of t+~.e •>ur^s secu~ed b~; ih~s Mortgaye !o Ue ~mmed~a~e~y Gue and paiabie w~t~eu! fu~ther ne•nann dr.d may fr,re,.!!~;e• t~,~.5 ~~~";~;O~~e bY ~U~~iC:d~ p~oceed~ny lt;''~UCr sha~i be ent!1~@r1 SO CO~~t'~:_f ~n such proceed~~y dli Expr9nSF5 O' !t~.•r~ I~jS;:'P. ~n~.li.~.:.'i3. bU' '.~'ed ta. re<as~~na:;:C' clROlllf'~ S fP.~S ~nC :,Jj~S O1 ~OC;UTf?/~tdry NJ~dence :ih5If8CI5 3^.d 1~1!P. 'r~?~)!!S I N9oditlcation in Writing. Th~s ti1o+?yayi' ;'dI?r.C! .',P C.^d^•~?d O~ mod~f~ed e¦reot ~iS :Ji'^.Hrih SP !f.:; ~.'1ui':jnye Ly ~ ;~eem,Fnt r~y,t~ng s~gr.r_d Cy 8orrov.Nr a.n,. suc,~esso< ~r r,r.~es' to E3or~owwr anC ._e^.'~• ~ ?t~~ RI ht to Collect and Receive Rents and Profits. ~1 Ofi ^Pfa_i~! U' E3C 'G.a~e' f' ~ 7~'' S ; r" 9 a ~ , i••,._ a h s e t• , i.~~ , ' '.f, :iE"+ "..i^;'a ` ~ ~ny a:~.~p.,,~.ni . ~.~.-L'. ~~,..J~ UD~'1 d~ia..r+. ~.t U~ S.1Ch ~fCPP.rt~ ~@I.N~~ ...A~r ~i. ^ r j'.• 1.~ ;U.i?' eirnp. ~ , s" <•n.. O' !~3CtiYY!'O e 3 ~ `ih'd ~ jre ~~r~ r.:.L . . . < ~ ~ ~ ~G, ~uy . ~ `i.:t.F 'f~.jd`i7 :Ci !h@ aiJE~ud _j d, y i_ _ ~t`.~• :~..~~~:,'c-~.:•:BSS ~ ~ . ~ St?C:i E,:. ~~1?ff' uQ~in a!7(~ !dkP i~OSSiSS~'.^ O~ $JCh ,)fOGEr',~~ ~r ~n~~ ~~ari t~e~eo! R'3r - :-3*._i~• P~'1~ E'')' T ~f-.iStS ' ~.e•~ ;t^~ .<:nd^~a. .,d~ ;r rrcnd;fy ren!~ ;n ..s ow~ ra. ~c 4~~,r. ~o• ~ ~~h. ~'h S~ :~.i"~.r,! !ri~~. ~EntS .~~~'1i' S~f•S d'~. !`7f:;S ~r`.~fF7t ~r1~r ~'r.~ c. Et J~r~ L~' ~~,,)d:,~ en:~ <tpp~y ~~,P ;nr r . ,.e~rr~r^.t Ot _OS', , r~i;B„~ES O` ~pe'e:~Or, a~d `Q; ! , u. 'y ~~'~_C 'i~ 6 _ t ~ ~ ~C' S It. t. y ~ _ ~ ~r.r F 3` ~...f .~P :i'~ : ~ ~ ~t !•S. e~C: ~~~@C' I~ ~ 1Y~"r.'1; U~ d ~ i CU ~'S . . ' . E . ~-,i~~h , . .:C. ~~ly ~;.~?t_. _ d •!c .E'Gir r .~.,t,. .e' C!1 ~Cr}JB' S~'3. i.,"~„ :•P i:dC~@ ~ n~~~Y G+~~ So!' _ , _.~0'~ . € ~nr!S. r r~ ~SS:.F•~ i !S .^E.,a~ ~!H'~ ~i~SE.,.~re~tc~cea~; ~trne~t~r4y-~ , :y.~5 Tn~. .r _ . ~ . ta~ . t . ~:;SSPSS S rn ~ j.a ~ J~~ tu . ~u lr IJ•c S~.^,~, e SJ::CS ~ G~ IS ~1r J,r a Gf O~ht, ?S e~ ,.~t- -i.,~• ~ ,~r • • . ~f ~ c d, dt~;~r.S.~ S' .t .F. ~ ~r ?:J fc,. ~ ,r' ,r,~n .e:i, t y:tr. 7.~ Er G.. S~e~~ ~ . e _ . , • . . . . . . . _ ~ ' ~ - Remedles. }~O. ,.i; ' •:1r ..f ' ..5~~..-.,~ -I. ~ ~ . 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F. ~11~.'c• , , ~ . .F• A•- rr,•.ai -~r •r.~. . -.~'`~5 d~~!; ,..'.ii~d' i~5 ~ . ~ . : _.l.C' h:~:.C" .1^" 9' - ' . ~ _ ...ti - r,~Y. _ ~.r~'ed~l~• ' i'~ d.. ~:yB ~•5' C?~• C Ct 15 ;f"' . _ ,f~ r ~ _ _ 'r~ ..r~ . d... , • ~ ~ ~ ~ ~~li~ ~.'~~i~~.~."~~.S,Sf'~Vr~'~ : dS ~ i . . I::1N " . ~ Powero!lender , } F•',, r;~~,.~~,~:~t s .._.~y9, ~-ti,~-!,_:•!~F~a~., ~t~,`a~~, t•; ~5,.5:~-.. ~ ~ . .~._~:fry: ' r. a,., . ~o,r.~i "rP .~i q.~'h G'~':rp ~ ~ .np }u', 3r~~~i . . , ~.c-',;:g:; ~SS r sr.~-•r~~rp, ~ . ,r~ ~ . . , ~•I a• ^ , , 1, :ta• •n r~.c~ ~ • ~r~r'i i i~ ~h , r ' , , r (i~ ';h ~ i. h~ p r,~~ ~~~:P } N• SJ~ _ p'~~?*'' . 5„c, 3~. .,t r,Y rrl.. . .,i~.r ! •.~r.p ,,m.g h ' :~.1' ~.~d:. ry. ehE..~,t.~_ a^r: h:~~~O~~r ,n ~:l ~S~i~'O+4P• T3 j (:U dny, ~..n c1:~~n'.~1 •...F- ~ ' . ~ ~a '~•~.•'n~t~ d~.~~ d~~.. ..~A. Sf ,'~~r,t~ f /h.~, :~..~pr.•s.nr~aJg~ ~,~.,,fE?., hnrp:l~/ O! @x'.a?r.r,j thp !;R':g Cr G•hsiry~~SP_ d~!:., fnp ~-~r:S ~ . r o-1 r.,a.::I`P. ~'i d .@p' BUr:.~i0'~c3 S.~i.!i~~~ SLC r~~. _'a'C. rC:QdSE 3';~/(ir ~,P~~y c~~-~,;~~ S~n.r~7eL'iE~ F. . F. '.O•-.«.. .1... ~ } ;~r a Or a ,~r rt?Q. t.J~- ifl r~~~ , r ~ E3~~ hr ~ -,~n ~r 3~ Qf26RS~.:f i~ 'F~!'^l.~r,l .,~Ci.~!C~.~:~~~ , ) ~r ~ 1 " d ~ : g,,. , ~ 3 ~g • ;i"~ _;.ng !he '•ier Or ~h3.ye r.p.gpf S 1 Wa~ver of Statute of Llmitationa. T:T,~-,S•)~ Rp.~c~~1^".t: G! ~OItC~E'~ O:~'~.,j,3!•r~^5 "•t±'@~.:^7F'•. e/il; i,^ !he E~ja•••• GN•m~!ti-n _ . :.1s' ;;h?~ ~d;~r~'S d~~ .^,Ii•5r.,• r~. I~JtU'~• 5!3~..(N~ ~~.1 , ^:.;tah'ir 'h ~ ,Gf•'~ 10 R!ty C:E.'G!. u@~.cl~~d O~ i~Dr.~a~~~C^ 5@~~'P(~ ~.~•'BbV ?"y . ~ ; <<,~~„G i,.~ .~,e ,~u'~)oSu Of n.;~r;•~~,~~ rr:5 MC,•CjJyn •i%~hts ('.r r~•med,c?g ~~E+ro~~nde' . inspect~on and Busiriess Retords. Le^•~e• a• e~ m.• ^g +~,N ~o^, ~~a' Gr.:,++r s:':,••g~{ye ~:,iy•>r~ ..i~!: ^SG . '.a'.~n~•..e.~ .r,,,.E''`;F Ei:"~;n~~:.;~y,~:f.5. 3' t~r•~,a~,.~-;atSc'''~rr;Ge"y S~;w:)+~E'~~dtlQfUi@G}•}!fCr'mE'r:" a!:,•'c~s~C~•,~.a. ~ ,_r~.~,rt r a~ r~,nrr r~•~.~~•,:erJ Dy Le :ar f3::,.._~ e~ h~l! p. „t ~ de;..e~ ~C~ + F . r'...,• r7 ':f 'c t_e~ e s e c' ^a ~at sta c - r.• ~ y: ._,~.5'"d •-,p••, -.~~uCh~~G~_S~s^ddl5~~_~ ~.tHr.a~5J5fr,dybA ~.~~:.~.r~::',t~yLenoe~tir~:~„r r.~.~„-F~..~1J~'r:3^.7C0^lg~?p tJa'E•C~.~CG'G_"~ y ' . . _ dC :FDi6L i: ,n•,r,y p•,••r . ~5 8~d i~'aC' ~B5 ~.v". S;A?fr~~E^. Sf'a~ .:c~~ !hv !,^d^.'.a' OJ?r8!~pnS 't''~d; T~~ ~urh , 'y a^i 8 tiPr :3 jr aS r,n. +:~,r~Si~~ ~;j ~e°dr' _ , .'y ~E~: vF• ~ . ;i;~:h ''t•. 2d~J:! ,nf,- ~-e`. ~ .~S i ~ : D) E.:~-.~„p .p,,d!,•~.C~ I: 3^~, ~~.~C'h 1 r~.~ ~+a S~di`+..,e'1'S • i ~ . .r'iovernin9 Law: Severability. 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