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HomeMy WebLinkAbout0925 . ' i ~ la. ~iutlc~~. I:~rr~~t lu~ ;~n~~ m~lirc t~•~~iii~~~~l uii~icr ~~~~~~lir;~hle I;~~~• 1~~ I~r ~;i~rn in :inrllirr n~uiiu~•i. (~i) ui~}~ nnti~r 1~~ '1l~inu~~'~~~ ~~ruvi~l~•~) I~?r in Ilii` ti~•riui~y I~~~Irum~v?1 ~hal! bi~ ~tivrn h~• ~Irlitir~in~; it hy n~ail~nl; ~1 I~~• Sir.l cl:i~~ iii;i~l s ~tltlll'~~CI) (t? Iltlfi~~N'Cf al Ihc {'n~j~crtV A~I~Irctit ~~r ~~t ~uch ~~Il~c~ a~l~lrr» Il~~~ n~~~•~:r iiu~~~ ~Ir~iE~~~;ilr hy nulirc 1~~ I.cn~lc~ :i~ pt~f~~i~l::~l lirrcin, au~l :~~~y t?c?ti~:e lu l.rntlcr ~h;ill I,c F'i?~ri~ 1?y lir~l ri,~•~ n~;ii) In I.rn~lcr'~ :~~I~lir~ti ~tatccl hrtrin ur t~~ ~i~cl~ nlhrr u~l~lrc~~,» Lru~:'•'r may clr~iltnatr hy nulirc tu 13ni~uwcr:i~ ~~ri?~~i~lcil lirrrin. Any tit,~i~'e ~?n~~~id~•d fi?r in Il~iti Scrtnily Intilr ununt ~h;~l) h~~ ~I~cn~c~) li~ ha~r hrrn ~,n•cn lu Ilur~rn~rr ~~r l.cnclrr ~~~lit•u i;i~rn in Ilic mcuinr~ ~IctiiF,nalc~l h~rrin. 1). Ulr'Il~O1<<"+f til~:Ci)KItY j,r`~~f~itU:~il~:iv"I; t;i)~'i~.lt~v(;~i: i.,~ii; >i;~'i:It~~i3fi.1'1"~' Unifurm C'uvcnanl 15 uf Ihr Sccurilp Imlrunirnl i~:~nu~n~lrcl !u rc;u) ;n f~~ll~~~~~ti: - 15. Unifnrm ticcurity Instrumrnt; (~c,vcrnin~ I.n~r; Sc+•rrs~bility. 'I'lii~ f~~rin ~+1' Scrurit~~ In.t~~umcnt cem~binc~ tinit~~rm co~•cnantti fi?r n,~liu~ial u~~ :~n~l nun-unili~ni~ rurrnai~l~ ~~•ith lin~itrcl v:~rialiuiiti by jur~~tli.liui~ tc~ cumUle~ir a wiifur~n ~ecurit~~ in.trumrnl r~vcri~~F rcal ~~rc~~~rrt~. Thi~ Sccuril~~ Inslrumr»t slr.~ll Ix Euvrn?r~l b~~ frdcral L•nE~ ;uicl ~h~ I;i~+• ~~I~ thr juris~licti~~n ii~ ~~~hirh Ihc I'rc~prrt~• i, lura~rd. !n thc c~•~nl that any ~~r~wi~iun ur cl.ru~c of Ihi~ 5rcuril~~ Ii~~Irun~riu ~ir ~hr i . . Ncric conll::ts w~ith a~plicablc I;«r, tiuc:h c~m(lict sh:?II nol aflccl olhcr ~~ru~•itiium uf Ihiti Srrurily Intilrumci~l ur Ihr Nu~c which can br gi~~cn ct%:ct K~ithout thc c~mllictin~; pru~~ision, and to this cncl ~hr ~~ru~~i~icros of ihis Sccurfl~~ In~~ru~nrut .~n~ the Nolc are dcclurrd tube ~eve: ~iblc. . F, TRAI~S~TR UF Tl1E PI2C1'I;RTY OR A 13I,NIs'1~ICIAL INTl.RI:ST IN 13URRO~~'I;R ~ Uniform Cm•enant 17 of thc Sccu~it~~ Instrumcnt is amc~uicd to read as fi~llu~v~: . 17. Transfer af the ~'sopcrty or ~ 13cnefi,iul lntcrest in Rorrowcr. Uull c~r anp rart uf Ihc .'mpcrt~~ or an intcr~tit Ihcrrin ~ ~ is sold or transfcrreci by 13orro~~•rr (cir ifa ben^ficial intcrc~t in 13c~rru~+~er iti ~,aIJ or lr~nsfericcl .~t~d 13urro~~ cr is nu1 a nalur:~l pcrson or ~rsons but is a cc~rpnration, rartncrsh~p. ~rusl ~~r oihcr Ir~al rnlity) ~~'11I1!s:ti T tIl(Jl'~S J)flOf 1~'fIUCJI l'OIltil'lll, ~ excluding (a) thc crc:~~ion of licn ~r cnrumbranc~ sul:~rdinate ~o this ~ccurity Inst~t~m~nl which docti i~ot rrl.itr t~ a ~ transfer of~rights c~f occupanc~~ in ~hc ~,ro~xrt~~, (b) tiic crcuti~m uf a~urchasr mrn~c~• ~rcurit~~ interesl fi~n c~~usciu~ld applianc.s, (c) a_ transfrr by derisc. desc~~it or b}• o~xrali~n of I.i~~~ uPon thc dcalh of a joint tcnat~t or (~t) tlic grant uf an~. IeaseL~ld i~~lerest of three years ar lr,s nut crnitaining an option ta nurchase, Lender u~a~•, at Lender`s or~irn~, drelare ull - the sums secured b~~ this Securit~• Imtru~z~~nt to be iinmedi.~tely ciue ai~d na~~able. ~ . If ~.ender exerciscs such artion lo a~eetcrate, Lender sha11 mail 13orro~~~er notice of arceleratio~i in.accunfanrr ~~•ith ~ ~ paragraph 14 herec~f..Such n~ticr tih~~ll ~ru~idc a~ricxi af not less ~h.~n 10 da~•s frum tlu date the n~i~ice is mailyd ~+~ithin ~ w~hich~l3orro~i~er m;~~~ pay the sums declared duc:. If 13orro~~•er fails to pay= such :;ums ~?riur to the espiration ~f surh prri«d, Lcnd~r may~. ~~•ithaut furiher noticc or d<m:~nd on Borrc~~~~rr. im~uke an~• rcmc~iics ~crmi~~cd b~• p,~ragrarh I S hcrcut: - . Lcnder may consent to a sale or Iransfer if: (1) I3nrro~~•cr causes to be suUmitted to L~nilcr inf~rma~ion ret~uirrd b~• Lrndrr . to evalua;e tl~c transferre as if a.~e~~~ ioan ~~•rre bcing made tu thr Iran~fcr~c; (2? Lcnder reationabl}• dclcrmincs tt~at - Lender's securit~~ ~~•ill not be im}~aired and !h,~t thr risk of a brec~ch of sinp covenant or agrcem4nt in this Securit~• ' r~ • Inslrument is accertablr, (3) interest is ra~•aUle on thr ~ums securrd b~•_this S~curit~• Instrument al a ra~e acrr~t:~ble ta Lender; (4) char~;r~in the t~rnZS of the :~'ot~ anJ tf?is Securit~• instrum~nt rrquired b~• [.rnder are m:idr, inrlu~li~~~;, fur examptr, ~xric~ic adjustmcnt in thc iiittrest ratc, a di(Trrcnt huai ~:t~~i»enl datr fi~r !hr loan, aitd additic~n uf un~:ai~ ii~t~rr,: . tu principal; and (S) the tran~lcrtc signs an assi~mption agreement that iti ac.~ptable to L~ncier and that ubligate~ thr - transfere~ to keep all the ~sros»iszs an~1 agrrements mude in the Not~: and in this S~curit}• lnstrumtnt, a~ nx~clilicJ it reyuired b~• Le:~dcr. To th~ extrn~ p~rmitted b}• a~Plicable [a~~~, Lendcr al.o may charge a rea.onabt~ f~r :~s cc?n~iti~~n Lendrr's conseiit to any salc or trai?~fer: I3orrow•er ~~~il) continue to be obligated t~nd~r th~ Notr and this Sccurit~~ Instrumcnt unlcss Lender rctcases E3orro~r~r in ~ ~?~riling. F. ~O\'L\A\T DELETLi~ - ' ;ti~n-1lniforn Co~•enant 21 ~:f li~c Srcurit}• Ins~rumrnt ("I=uture Ad~•anr~s") is drletcd. I G. LOAN CHARGES lf the i~,an s~ci~r~d b~• ihe Serurit~~ Imtrum~nt is;ubject t~~ a I:~~r hi~h ~rc, m:uimum lo:~n ~harg~~. a~~.i ~hat la~c is IinaU~• . •inl~rpretrd ~o ~I~at tl:~ interest ~c other lo:in rharg« r~~llrrt~d ~u Ic~ br cull~~teJ in coi~n«tion ~~-ith the luan r~~rcd ~rinitted limits, thcn: (I) an~~ surh luan rh:tr?;~ .1?all tx re~lured b~~ th~ am~~unt nrr~ti.:ir~• 1~~ rr.lucr Ii~e charLC tu th~ pern~iued iiniits: an~ (2j any ;ums :ilr~a~i~• ~oll~ct~d i'rom Borru~:~:r ~tihici~ e~~ee~l~d ~+~r~nilt~d linii~x ~~-ill i~~ ~~fund~.1 ti~ - t3~,rro~~-cr. Leiid~r ma~~ ch~iosr t~~ m,~kc.Ihi. refuncl h~~ rrdt~~ing tt~e prinri~:?I ~~~~•cd un~l~r thc No~c ~,r b~~ mal.in~ a dir~ct i; pa~•ment t~~ 13orn,~vrr: Ita rcfunJ reeiurrs rt~~~~~~:~i. thc feduCti~~n ~~~il) lk Ircated :~.:i i,arli:~l Prcr:~~•iaient under th~ Tvotc. ~ ! . , i 1~. I.~GItiL:17'I(.);~ ~ - - If.:~llei Ihc d:tl~ h~reof, enactm~ni ~~r ~xrir~tion of:tj~rlic:~hlC I,s~~•s h,~~~ lll~ ~~~il c1lllif O~~l'tltli~ltl~ IIIC rf~~~i~t~~ll~ l~l Ilfl' i~otc. the S~curit~• ln•trum~nl ~~r lhi: Gra.lu:ue~11':~yment RiJer (o1h~: tt~:~n tlii. ~~ara~r:~~~l~ }1) un~~~fi~r:r:~hl~ ar:~,rJin~ iu thrir term., rr:~ll ur :ir~~~ ~a~t th~ >un~~ serur~.i hrarhy unrull:.•tablr. as oiher~~~i.c ~~ru~iilr~l i~: thr 1~curit~ in.trim~.•izt - an?1 thi~ Gr:li11111cYI I~:~}•mcnt Ki~ier, ur af ~iiniini~l~in~; lhc ~:~lur ~?I t_rn~1~ r'. sr~uri~~. lhcn l.riulcr. at t_rn~1~r'. ~i~1i~~n. ~na;• drelarc al) sums ~t~. ured b~' thr ~c. u?ils ln.crumrnt ti~ lk immr~li;~Irl~~ Juc:~r~1 ~:~)•ahlr. - ~ ~ ~N 11'I r~t'~s ~\'Ht:R1:u1~.13~~rr~~~cer ha. r~rculyd thi. Gra.luat.~) i':?~ u~riu Ki~1cr. . . - . - . ' ~ - ~ - ~ ~ ..~r..~~. G'~ fsa2 .nr~ i s t~ s~ 28 _ : THOMAS N. HOFSISS .t~,~~~,~~,~r F~tFC° AJ[-!i/[~~ cr~;~s~; : - Si.~.ULII iCv~,{~ n. ~ n,, - . . FtGGf:R f'~!T!?; V Y \ _ . - . . - • . ~(,~~x~ ('lY.'~...........(!,ral) c~cr~K ciRCUiT a~~r , e ELIZ . . H ROBERTSON - - ~ - - .u.,~~~,.~~.~ , : r.ra~ ~~fN~r:F _ . F - ' .............................................................................................................1Sral) _ . -I 1;~~ rnr.~ r ~ • ~n ~p (Si~;n O~r~;q~.d l'niy) . BOOR J ~ O P'G~ _ t~_, _ - - . . _ - _ - - - - _