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HomeMy WebLinkAbout0961 II I want tu rur:~.r the ('umrr.um Upuun. I mu~t hr,t n~rrt ~rrta~n ~un~fiuun~ ~Ihu.r ~un~fihum arr thet ~i? 1 mu~t g~~e thr Nute Nul~ier nuti;e th~t 1~+ant tu Ju ~u, li~) ~m thr C~?mrr.wn D~tc. I mu~t nut t~ in ~ietautt un~rr thr N~ne ur the Srcurit~ lmtrument. I~iit hy a d~te ti~ecitieJ tr thr Nute Hul~ier. 1 mu,t pa~ thr tiutr Hul~ler a cun.rr- .i~~n Irr ut l'.~ S ~SO.OU ..~nJ ii~ 1 1:nu.t .i~n .~rn1 Li~r thr \~~ir N„I~l:i .in~ ~l~kunirni. Ihr \~~tr Nul~lri fl't~U1ft'~ lU ~ifCil lfll' ~~~t1~~'IiU~ll. IB) Calculati~m of F~ixrd Ri+tr !~1~ new. iixe~l intere,t r~te.uill he eyu:~l t~? the t~~~rai N~~me Luun Mungsgr C~~r~~ratu,n'~ rryuired net y~eW i uf ~i:~te :~nJ time uf Ja} •pr~ihe~1 tn t~e Nute Nu1~1Cr fc~r Ii1 ~f the ~~riginal tcrm ui th~~ tiu~c i~ greater than IS I, ~r~n, il)-~r:~r fixeJ rate munKagr. r~nered h~ appl~c:~hle 6(1-Ja~ m~nJ:~tun Jeli~er~ cc~mm~tment~. pluti three-e~ghth~ ut ~me pc rcenW~r Fx~~nt IU 375~ ur Iiii if the ~~ng~n~l t~rm uf th~~'~utc IS yran ur le~,, IS-~ear fi~cd rate murtg~gc, ~•u~ere~i M appli~ahlr bl)-da~ man~iatun dcii~rn ~~,mmitmrnt.. plu. thrre-eighth, ui ~me pcr~~rnt:~ge Fx~int 10.~75 r 1 Ir thiti rcyuired net y~eld rannut tx JetcrmineJ bewutie thr appi~c:~hle c~~mnutmene, are nut a~ailahle, the N~~tr NuWrr ~~II drtermine m} intere,t r~tr M u.ing r~~mp~rablr ~nfurrnauun. ~1~ nr~ rate rai~ulatr~i unJer th~. Secti~m S~BI will mri he grrater than the :~laximurn Ftate ~t:~ted in SecUun ~3~[)~ ~tk~~r (('1 ~eN Pg~mrnt Amouret and Effecti~r Uate If 1 ch~x~.e t~~ exerr~~e the ('~~menum Opuun, the tiute H~~Ider H ili Jrterminr the am~~unt uf the munthi~ pa~ ment th;~t ~uuld he ~ufti~ient t~~ ~rpa~ the unp~id pnnripal I am rtpectr~l tt~ ~»~e ~m the C~?mer,i~?n [)ate in full ~m the matun- t~ ~i:~te at m~~ nrw tixr~i intere.t rate in ~uh~tanhall~ eyu:~l pa~ ment. The rr,ult ~?f thi. calrul:~tum w~il tx the ~ew ~?n~~unt ~~f m~ m~?nthl~ p~~ mrnt. f~ginning u ith n» tir.t m~~nthl~ pa~ rnrnt altrr the ('~~mrr~u>n D:~t~. I w il! p~~ thr nrW amvunt a, m~ m~mthl~ pa~ ~nent unt~l the matunt~ ~iatr TRA\SEE:R OF' THE: PROPEItTti' OR A BEtiF:FI('1,~I. 1\Tt~:RE:.~T 11 BORROw'ER l. l'nhl B~~rn~wrr ~~erci.c. the ('~m~er.iun Opu~~n un~ler thr run~i~hun~ .twteu in Srrnun B~~t th~ti AJ~u~t;Whir Ft:ite Ri~lrr, l'niti~rm ('u~rnant i i uf thr tieiunt~ Imtrumcnt i~ am~nJeJ t~~ rea~i h~ll~r+~ Tramfer of the Propert~ or a i~Cneficial Interc~t in &~rroNrr. It a{I ur ~m pan ul thr F'rupert~ +~r an} ~ntrr~.t in ~t i. ~~~1J c~r tr~n.terr~.l i~~r i! a hrneti~ial int~rr~t in &~rn?Her i, .uld ~~r tr~mtrrrrd an~f &?rn?wrr i. n~+l a natur~l prr,~m1 withuut t_enJer'~ pn~~r wnurn r:munt. t_cn~lrr m.~~, at it. upu,m, rrywrr ~mmr~iiatr pa~ment in fuil uf all ~um~ ~rcurrJ M~hi. Sccunt~ In.trument. N~w~r~er, th~. uptiun .h~ll nut he exerii~«1 t» Lrn~fer ?f ~xerrnr n pn?hih~teJ h~ tr~ler;~l lau ul thr J:str ~~t thi. Sriurit~ Imtrumrnt l.enJer al~i~ ,hall nut exerri~r thi. uptiun if: Ia? &?rn~er ~~u.e~ t~~ he .uhmittc~i tu LrnJrr ~nt~~rmaU~m rrywre.l Fn I.rn~irr r~aluatr thr intrnJrJ tramfrrrr if ~ c~rH i~:an Here heinK m~de tu the ~r~n~fr~ee. :?n~1 ~h? Le~~~ier rca>un~hl~ ~ietrrmine~ that LenJcr', ucunn ~ill n~~t t~r impaired hy thr I~~an a~~umpu~m an~f that thr r~.k ul a hrrarh +~t am i~nrnsnt ~~r s~;rrrrnrnt ~n thn krunt~ Imtrument i~ acrep- tahl< t~~ t_rnJer li~ th~ etitent ~xrnuttrJ h~ appli~ahie I~w. l en~lrr ni~~ ih~rt~ a rra.~,nahir fre ~ run~1?u~m l~~ Ixn~ler'. cunknt t~~ the lu~n e,w~~iptum LrnJer rne~ el,~~ rrywrr thc tr~n.irrre t~~ ,iin ,~n e„umptwn ~~rrrmrnt that i, a~:eptwhl~ tn l.rn~irr and that ~?hlig:~tr, thr tr~mtrrer t~~ kerp ~II ~he prumi.r~ an~3 a~rrcmrnt~ rnaJr in thr ti~,te :~nJ ~n th:s Serurit} ! Imtrumrn~ &+rnn~rr Nil) <<~ntinur tu he uhli~ate~i unJer thr tiutr anJ th~. Serur~t~ Instrumrnt unlr~~ LenJer releatie. o - ~ B~~rruwer in Hnt~ng I If Lrn~fer _xrrrnr. the ~~pu~~n t~~ rrywre ~r~n~e~ii~~~ pa~mrnt in tull. L~nJer .h~li ii~e E3~~rnn~er n~~tire ~~f a~~elers- uun Thc nuu~r ,hall ~ru~ i~7r e~rr~~+.i ~,f nut 1~.. th~n ~Il ~1a" truni thr elatr thr nuUce n.1rlnerrJ ur maile~l w ~[hin ~ whi~h &~rnn~rr rnu,~ pa~ all .un~~ .r~urr~ Fn thi. Sr~~r~t~ Irn.rurnzrn IF fi~~rn~uer taii. t~~ pa~ thru wmti pncrr tu ~ the exp~rat~un ~?f th~. prn~yi. l.~n~ier n~~ imul.r am rernrJie. permittr~i tn thi. Se~unt~ Irntrument W ithuut f~rther n~,ti~r ~ir ~irm.~nei ~~n E~~,rn»~rr " . . . ' It A~~rn~+er rtcrri,r~ thr ('„mrr.n:n O~tnm :;n~1rr th~ ~~~n~iit~um ~~,tr~i in ~rctu~n K nt thi, A~f~u~t~hir Ftate ~ k~.ler. !hr arnrnJn~rnt tu l nih~~rn ('rnrs~~nt 1, ~~t thc Sr.uni~ ln~trumrnt cunWine~l m S~iu~~n (~1 aFwi~e ~hail then ~ ~ra.r ti, hr ~n eltrrt. ~n.1 thc ~ nn i.i,~m uf ['n~t~~rm (~~~enant 1? „f the Secunt~ Imtrumrnt ~ha~l intitead he in effect. t - ~ a. t~rii~~u. ; Transfer ot the Propert~ ur a i~ne~cial Interc~l in Borr+~wer. lf all ~+r an~ part ~~f thr Pr~~pem u~ am intere~t ` ~n it i, ,~~W ur tran.terred ~~~r ~t ~ heneh~~al interc.t in B~~rn~..er i. ~uIJ ur tr~mfrrreJ ~n~ &~rn~.rr i~ n~ft a natur.~l ~r.uni wuh~~u~ Lrn~ier'. pn~~r wruten i~m.rnt. Len~ier n~a~, at it~ ~~~tum, reyuirc immedwte pa}ment ~n full uf all tium~ ~«ure~i tr~ thn Sr~ur:t~ Imtrumrn~ N«ur~er, th~, ~~pt~un .hall n+~i he c~rr.i~r~f h? LenJer if cterri.e pr~~hihited ~ h~ tr~lrr:~l I~N „f thr ~1:~tr ~,f th~. Sc.•ur~t? In~Irument ~ . . ~ If LenJer cxrrriu~ thi~ upn~+n, Lender ~hali ~~~r &~rn»~rr nunre of acielerat~un. The n~wre ~hall pnn i~e a prn~xl ~ t~i n~~t Ir~, th:~r 30 ~a„ frurn thr ~iate thr n~»~ce iti ~el~~ereei ur mailyd w ~th?n wh~ch &~rn~++rr mu~t pa~ all ,um~ .erured ` tn th« Sc:unt~ In.trurnrnt If &~rnn~er fail, t~~ pa~ the~e .um~ ~n~?r tn the etpiran~m ~~f th~, pen~xi. Lender rna} iMtil{~C :,m renu~~i~r~ prrm~tted tn thi~ Se~unty In~trument withcfut further nut~ce ur dem~nd ~m i3~~rrc~er. f3~ 5.~~~i`~~ F3f l«?. I3~~rT~~+rr aii~pl~ aru~ a~rre. t~~ the [enn, an~ ~~ncnantti ~:c~nL+inr~1 in th~..~iJutitahle R:ite Ri~ier s V~/~~ I~ ~ ~ Sr~l ~ J~'/ . ~ ~t~~t~ei~..~!.~'~- i Sral ? ii~~rn'wcr ~7T{C F. T3r1110 ~ fS.•rnycr 9(12E~'7U ; ; , , , ~ ~ ~ ~4~~ ~2~ i Seal ~ ~ ! . - -`d ~c ; -f ~ kal i - Fs~~rr.•.r~ Elis:~beCh J. ~Tarallc~ Fs.,:r~..~c~ ~ ~ _ F+ ~ k Jot , S i . CHELSEA TITL~ C~'+~r~yY PT. ST. LUCie OFFfCE ~(~~K Vi7~ fdi;f_ Js1 ~ , -__t L 1~ I .w-r k~~~."R~„, "~''a~,,...~'~~,. 3.`~'".t.~-s ~^?'a,.~'-~`u._ ~