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HomeMy WebLinkAbout0954 _ . 1 ~ 14._ N~~ticr. lixcrE~t for an~ nuli~e ~r~~uirr~l witlr~ a~~~lir:~hlc L~~v tu hr ~;i~ri? in :~uuiiirr in:innrr, f:i) ;u~} nuii~r i~~ . • , .13~~rtu~~~~ ~iru~•idr~l fi~r in Ih~s Sr~urily Imlrumrnt .hall hr ~;i~~cii h~ ilrli~riin~; il ur t?~ in.ulin~~ ~t h~ lii.i :1.~.. u~,~il :id~lrr..rd lu 1lurro~~•et' ut Ih~` 1'r~i~ktly !\~I~lres~ ur at ~u~h ~~Ihcr.~il~lr~n~ ;i~ Iti?r~uwcr i~i;~~' ilr~~~natr h~ nu~~:~• i~~ I~n~lri r"~~~~~«i i~<«~~~, anc! (h) an)' nE~li~r t~~ Lrn~l~r >hall br ~;i~~ri~ h~~ li~.l cl:~.ti niail I~? Lrn~Irc'ti :i~l~l~r,..l;~ir~l li~vrin ~~r t~?,u:li uthrr:~uJresi as l.en~lrr muy ~ksiFiiulr ti~~ nutir~ tu R~~rr~~~~'cr j~r~~vi~lril hrrrin. Any~ n~~hrc ~~ru~iilr~l li~r ~n Ihi~ Sri uril~ In.~iumrnl sh:~ll he~~c:mrd lu ha~~~ bce~~ ~i~~~n lu I;ur~~~~~•~r~~r l.riulrr ~~•hrn ~;i~~~_n in thi~ n~unnrr elctii~na~r~i l~rrrin. j U. UNIFUR1t S~:GURITY INS1'RU1111:NT; (:OVl~.RNI\'G I.A11'; SI~:~'l~:RAlill.l7'1' ~ . Unifi~rm Ce?~•~nant 1 S~~I'the S~rity in~Irtimei~t ic umriul~il tu rcu~l a, fi~ll~~~~.: 15. Unifurm Security lnstrumrnh Cu~crnink.l.aw; Scvcrubili~y. ~'his I~~rn~ ul~ 5rru~ity In.~~ uinriii ~~t,inhiur, w~it~?rni ~ ruvrnants ti~r natiuna) use and non-unili~rm ru~•cn,inls Hilti liniilc~t ~;iriali~m, hy juri~di~tiun ~u ~•nn,ii~ut~ u unifi~riu : ~ , srrurit5~ in~lrument r~~~•e~ing ~cal rru~xny. -rn~~ ~~~~r~~y tmtrun~rnl ~hall b~ gc~~rrnr~l h~~ fi~lrrnl la~~~ an~l ~lir I,i~~ ~~I~ thr ' jurisdir~iun iii which ~hr t'roExrty is I~katrcl. In Ihr c~rnt th;it ui~~~ ~~r~?~i;i~m c~r rl:iu`r ~~I'thi` Srruril~• In.~iunirni ~~r ~lir Nut~ r~?ntlicts w~ilh applicuble 1:~H•, su~h cunlli~t sh.~ll nut alTrcl othrr ~~n?vi.ion, uf thiti Serurii~ In~trunirut ~~r ihr Nc~~r . ~chich ~an tx gi~~~~~ NfPect withuul the c~~utliNin~ ~~ruvisiun, ;utJ lu Ihi~ ri~~l Ilir ~,n~~~i~i~~ii, e~f thi~ Src•uri~~~ ii~.tru~nrnt ,~~~~I ~ thr Nute ure J~~ lared ta be seve~able. ~ . ~ . E, 'I'RANSFER UH' 7'HE YROP~:R7'1' OR A RH:NN:1~1C'lAI. !N'1'1:RI~.S`I' IN tiORRO~I'I~:R ~ . Unili~~~m Covrnant 17 i~f the ~curity Inst~umrnt is amcn~lcd to rrad :iti ii?II~~~~,: - ~ 17.1'ransfer of the NroQerty ur A 13eneficiAl Intcrest in 13orrowe~. If all ~~r any ~r.irl ul ~hr I'rur;r~y ur :u~ ii~t~rr.,t ~hcrrin ~ i»ul~l ur lransferre~l hy t3~~rroH•er (ur ifa brnrtiri:il in~~rest in 13u: r~i~~er i. t~~l~l ~?r tr:u~sf~rrrcl :~ntif 13urr~,~~rr i~ n~~~ a ~~a~u~:~! ~~rrsuu ur ~krsuns but is a~urExirutian, rarlncrshir. trusl ~~r ~~thrr Icgal rntily) ~cillu~ut Lrn~l~r'~ ~~n~?r ~~rit~rn <<?n,~•ni, r~rluciing (a) ~hr rrratiun c~f a lir~~ or rn~umbranr~ ~utx~r~lin:ur li? Ihi. tit~•uri~~~ Intitrumru~ ~~•hi~h ct~~r. m~i rrl:~tc t~, a -j tr.u~~lrr uf rights of ikcupanry in the rru~ert~•. (b) ll~e crraliun t~f ~~ur~•h:itir munry tir~uri~ti i~~lrrr,t li~r hnu,rh~,l~l t a~,~,liaii~rs. (r) a tr;~nsfrr by de~~i~~. ~le.rent ar h~• ~~~x:rutiun ul~l:~~~• u~x?n Ihc ~l~ath of:~ joint tcnant ur (~I) tltic ~;r:~nt ul :ii~~ ~ I~a.rhulcl intrrr>t uf threc ye:~rs or le~s nut cuntaiuing an a~~tie~n li~ purch,~sr. I.rn~ler iti.i~•. nl l.rniler'~ ~~~~ti~ni. cl~~•larr all thr.uin..ccured b~• ~his Se.:urity lnstrumrnt tu tx immcdiafcly dur an~i ~,a~;~hlr. :i~ if l.rn~lrr ~xcr4iseti su~h upliun lu :~c~elrrale. l.~n~cr ~hall mail 13urr~~~~•rr nutirc uf ar«Irrtti~m in arrur~l:~iicr ~ci1h ~ ~~aragra~~l: 1-F hrreuf. Surh notirr ~hall ~~mvi~r ;t ~xriiKi uf i~ut Irss th:~i~ iU clciy. fmnt th~ ~I:~tc ll~r ni~tii~c iti n~:~~lrcl ~ritliiu ~ ~~h~rh Iturr~~arr tna~• ~~a~• thr.tuiis cirrlar~d dur. li 13urri~w~rr f:iils Ic? ~,;i~• ~uch sum~ ~riur t~~ thc r~~~iratiun ul .urh ~kn~~J. - ~ I.ru~lrr nr~~. N•ith~~ut I~urlher tiutirrur~rm:in~l c~n 13c+rri?~?rr, in<<~kr:~n~ rri~ir~liri ~xrmittr~i b~ ~~:ir:~t~ra~ili l~ h~rr~~l~. ~ 1.~n~1rr niay~ «~n~nt tu a sale ~u tr:ui~ler if: (1) 13urruwcr tc?usc~ 1~~ h~ tiuhinillyd t~~ I,endcr infi~rmalirn~ r~quirr~l h~• l.r?ulrr t~? ~~aluatr the tr:~nslcr~e us if a neH~ luan ~c~r~ being ma~le tu thr Irantilrrrr: (2) Lend~r r~.~,~mably ~lctrrininr. ~l~:~~ Lrn~lcr's srcurity will n~~t be imrairr~l and Ihat tl~c_ risk uf a hr~ach uf ai~y r~~vcnani c?r a~rrcmc+~t in thi~ Sr~urii}~ Inti~rwurut is arcept:ible: (31 iuter~~t is pa~~abk un the sunis serurr~! hy Ihis Srrurity lii~lrun~rni at .rr,~tr ar~r~,tahlr tu ~ L~ndcr. 1-~l cha~~es in the trrms ol~ the Nutr and this Sccurily I~istrum~nt rcc~uired by [:ci~cirr .+~r m.~dr, incluiling. ti~r ~ ~~:unrle. ~xri~xiir adjustment i~~ the intrr~sl ratr, a ~itlir~nt iinal pa}•n~rnt ~latr ti~r thc tuan. ami :i~ief~~iui~ uf un~,:?i?I iiurrrtit - t~~ ~~rinri~:?1: and (5) the tr:lnsfrr~c signs an assumpti~i~t :~grerm~~u tliat i~ arri~~t~~l,lr tu Lrn~lrr :~nil that ~~I~li~;.itr. th~ , tran,f~:rre to keep all the pranrses •rnJ agrrrmrnt. maelr in the Nulr .~n~f in Il~is 5rrurity Intitrumrnl. r~u,hti_~11 ii req~~ir«l b~• L.~nder. ~'u ttic cxtent permitted b~~ a~pliruble law, Lendrr als~~ r~~a~~ rharge a r~•ax~mahlr frr a.:i «~n~iticin tu ~ Lesul~r's cunsr:nt ta au~~ salr or trac~sfrr. . . j t3orruw~r K~ill a~nlinue to be oblig,~teci uniirr the Ncitc an~i this Sr~urily~ In~~run~cnt unlr.s Lr~;~irr r~lea.r. lie~:r~+~~rr i:~ ~ ~.riting. CUVENANI' DEL~'TE[) ~ N~,n-l'nifi?rmCu~•Ena~t 21 oftheSrcurity Ins~rumcnt("F=uturr~W~anr~.")i,clclctrd. . ~ _ . ~ 3. G. LO~'V C~iARGES - - li~tn~ luan se~ured by the Security Inslrumenl i~.ubjcct to a law• wh;ch ~et> inaximun~ I~~an rliargrs, an~l th.~~ lati~~ i. tina{i. interpr~teJ so ihat th~ interc~t or other luan rh.~rge. c~~llcYled ~~r lu Ik c~+ll~ci~d in re,nuccli~m w~itli Ih~ lu:ni ~•~.rr~l _ ~ ~rrmitted limits. then: (1) any su~h luan charge shall tr~ rcJuced b~• th~ ai~iuunt necc~sar} tu r~durr th~ ch:~r:r tu tl~~• I~ permittrd limifs; and (2) any sun~s alrcady c~~lleclyd from Borrow~r H•I?irh r~c~.~ded Exrri~itlyd limi~ti ~viU h~~ r~ll~iui~il ` l3urruH~rr_ Lznder may choosr to makc this rrfund hy reducing ~hc rrin~ipal ~~~~~~d ;~~~~lcr thr Nc?tr ~~r tiy ~naking a cl~r~ct r:~}•ment to E3orrowrr. If a refund rrclures prinripal, Ihe re~luction w~ill hr trrateJ a~ a rartial ~re~~a~~mrnt undcr thc tiutr. H. LEGISLATION !f. aRer Ihe date hereof, enaetment cir rspiratiun of arpli~a6)r law~~ h.~~•e Ih~~ ~t~cc•t eilher cti; rra~~lerin~ ihr (~mvi>iuny ~;I ~h~ Nutc. the Stcurity Instrument ur this Gradualed }'aymcnt Rider (othrr thari t3iiti ~j.iragra~}h H) unenforcr:il,lc a~«~n1m; t~~ ~ thrir terms, or all or any part of the sun~~ secured hereby uncoU~~tabl~, as utlirrwik rrovidrd in Ihe Srrurity lntitrun~rnt ~ and this Graduated Payment Rider, or of dialinitihing the ~•alue of Lendrr's.cruriiy, thrn l.end~r, at Lcndrr'<<~~~t4~"'•'nay decl:ir~ all sums secured by thc Securit~° Instrumfnt to be immeiiiatcly due.ind pa}•ablr. Iti C' ~~v~~'~S~Wfc ~EOF. E3orrow•cr has executrd ~his Grauuat~cl 1'.~~~~,~~~~~ K~~,«. ~y~2 J=.~~! 1~ A~ 9~ 51 . v~svvvai r ~ ~d~ ~ . . : • py ~ F~.EC ~hf ~f~": fi i.'v':.E . , ~ , - fn Z' j ~ S--tICIE GCllk-'.=! r. 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