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HomeMy WebLinkAbout0960 r - r:~!~h e.?~t~ i ~`~j ~~L) { ~~~d~t', ~~riuen :l~fc~tlll`Ill ~~r apE,l~,•.ihlc la~~•. Rorr:~:~ct ~h;~l! ~ay thr aiii~~;uu c~f .+I! m~~rt~,a~;c in;utan:~ p~cntiums in tho inanner pri,r:d•:~l iinder Fa:agraph 2 hereof. , - Any' ~mounts ~licbuisc~i ht' I rtt:?;r pu~tu.tnt ta thi. rat:~~r.t{>ts 7, ~~~th in'.cr~~t ti::::on, :sV~a{1 hc:~oil~° :~dtlilional ineleh!c~lnc~s of Iic,rro~+« sc~uf~:d t~~' thi5 ~1c~rl~al~e t'c~l~.~ R~~rt~~'.~~i ; n~l 1 r~t.l:`+ :s?:rt•~ o(~~e!' IefRls't~C4i~~[11C[it. S~lCh amountc shaii bc ~:i}•ahlc u(~~~n n~~ti:c fr~~m Lrniic~ t~~ N,~i~~:~~~•r lr.lu~.~in~~ ~~:~~nir~it lhcr~,~f. .-~n~i ;t:~11'h:,~a~ intcrest fri~nt t}i~ ~ialc ~f ~tishar,cmcnt at ~hc ~:;tc ~~a1•at,lc tr„m t~rnr t~, tinir ~m .~u~t~,~n~iin~ ~rin~iE~~l unclcr Ihr, \'ot4 u~JScc pay~men! of . interett at such ~ate ~~•oul~l tte cot~tr:~r~' ,~~E~4icahlr 1.~~~. i~t ~~tz::fi ~~ent ,uch arn~~un;~. th~~lt he~~-ir~IFYe~t at,thph~gn@tt rate . permistiblc under :irrlirab~~ t~~~:. Noti~int, «~nt::inei) in thic ,~ar:iecct}~~~ 7 Sh;ttl re~~~~ir~ 1 e~teie:r tc~ inctsr a~~~~ expense or ta*c ~ any action hcrcundcr , ' in~~ectian. I.cn~lcr ma~~ mat,r c~r : ausc tc~ h~ ri,~~i. r~a;~nahl~ riitric~ ~~~~~~n : n•9 ins~~ccr~~~~~y~rtti~, rro~~idcd f that Lender ~hall ~;i~~c Aorru~scr n~~ti:~ r,ri~~r t~~ anv ~ucl~ in+{,«ti~~ii ~~.,.:if}ing rcas:,nabic cau~c theref~r rclaicd t., I.cnder'S ~ inte~est in the Pra}~erty. - _ • , ~ _ . _ ~ 9. . Condemnafion, 'ihe {~rur~cd~ of ;im~ :nsard ur clairn f~~r ~iamaCC.. ~lire:t ~ir c~~n•c.~ucntiat. in cnnnection w•ith any canderrln3tien or other ~3king c~( ih~ {'r;~i~ift)', ur ~iar~ tlierr~~f. c+r f~~: i~~n~c~~anre i~~ li~u of c~mdemn.~han. :jre heret~}' assigned and shall e~ pa~d t~~ l.cnder. ~ )n the e~~ent .,f a t~tal ~akin~ ~~i th~ ('r~,~crn. thc y,rn;c«t. ~hall n.~_:~~.~•lii~.{ i~~ thr cum~ ucured b}' ~his '~tortgaEe. ; . ~.~ith the e~ccts. if an)• ~,~id [3r.rr~~~~rr In thc ~r~nt a~+: rti:~l t:~{,in~ ~~f thr Pm;:ertc• un1c:~ [lorro~~~ an:i I.cndcr oth~.rwisc ~grcc in writing, thc~c sha!! h~~ ~~~~~i:cci t~~ ~hr ~um~ .cr<<r.~l h~ thi~ ~1«rt,~:~~< «i~h ~+n~porli~n nf thc proccedt ~ ~ as is eqttial to that.J±roEwrtin;~ ah+.i~ ti~= :imr~sa~t r~f th~ ;um~ ~c.•.~rcd thic \1~~~tEagc immcd~ately' ~~ric~r t~• thc datc of ~ t~king txais todh~ fai; matket ~•al~~~ t~t tl~r Pr~~titirrt: ~mmc~liate~tt ~~:i~,r to thc ,fatc ~f r,~kin~. ~cith~the halam,C o( ITte procceds ` paid M $b~rower. _ _ : . ~ - If the Propcrty~ is ahandnnr~i h~• E3c~rr,~~~rr. ;~r if. aft~r n~~ticr h~ 1 eiiilcr t~~ fi~~rr~~~ti~er that Ihe c~~ndemnor ot7ers to make an a~ti~ard ~r setttc ~ rlaim f~~r ~iaii~;~c~,. fi,,?r;,«~r f:iil. tu r~.~k•nd t~~ I criiicr ~tiithiii 3(1'ilat•c aftcr th~ d.~tc tiuch n~~ticc is mailed, i.cader i. aulhorir.d t~. cc~4lr~t a~~i1 a}~~1~' th~' ~ro~~eds~. at 1_cn~lcr'~ ~~ntio~. cithcr t~ rc~totation or r~pair of the Proptrtj• or tc?.ihe sum, .~cl~;~~I h~ thii ~inrt~a~c ~ ; Unlesc t_endcr:ind B~~rru~.~t; i~!tier~~;~r ai~rc~ ;n ;:rilii~,. an~ ~~~~h a~~E~li~.~ti~~n :,f r<<~~eedc to ~rincir~l :hal! n~t extend or postpone the due d;~tc ~~f the m~~nthl~ intt;fllmrnts r~frrre:} ti~ in ~~;tr:~!~r.iE~h~ !;,r~d her~:~~f ~~r chanee the amoun! of ~ s~:ch inslalln~ents. _ ~ . . : , , ~ lO. BO~~ON~'f1' ~bt itelea~cd. 1~.~tr~t~;t~tl t?~ lill' 1:Sllt ~~~i' ~~:~',filifl( ttr Ill~'L{i~~1~tt~:1 i~l :!!11ililf7:lltl~fl i~f the ~nmc sec>>red by this ~ji~llS':1~C Qf.~ntcd h~ 1 l'~l:~if It~ :~Il~' ~li~i~"».~f il~ I:lft'(«f ~~i ~t~(ft~~~t'f ~31:1~~ Ili?! i'(tif.fli' !~l Ci~C1Sl'. !il :i[1V f111f1tlCf. ~ . thc liab~lit~ ~~i thc ~~ri~inal 8~~rrt~~~rr :inci R~~rrr~~rr'. tiu;;r„~~i. in in!crc;; I.c.n~lcr ~?~all n~~t 1~~ reyuirc~l to tommcncC pr~k.c~dings again~t such Su«cs~or ~~r rcfu:c t~ e~tcml timr fi~E p.tti'(llc'.Iit ~r ~~tn~r~i•;.c mndif~ amc~rt~tatian of ihe_st~ms secured ht' thi~ ~iort~a~r h~ re:~S~~,~ c~f .,n~ d~~~t:~n~l »~,isr h~ thc i~ri~;i;~al ilor~r~~c: .~nd f3;,rro~~cr`s ~ucces~ots in intC~est.: ~ 11. Farbearance b~ i.cndcr \ul a 1~'ai~cr. ::n~ t,,~h~•aran;~• I cridri- in ~,rrric;ir~ :tn~~rig4it ~~r rrmedy hescunder. or pthent•ise afTor~i~tl ht a~p!icahle. lau•, ;f;:~t! nn! t~i .~_~a:siti~r c~2 c,f (~rc~fu:}e th< i:erci5~. ;im ~uch !-ic`~t nr remedv. • Thc procur~n~elit ~~f intur;~si:~ ur the ~~.,rnl~!~t c~f r.i~r. ~~r uth~r 1irn, ~,r rh:~r•;c• t-„ I.cndcr ~hall n:~t he a~~ai~~er nf LendCr's ~ riRht t~ aeccletatc t~~ n~attiri~~~ of thr fI1lSL>>tCl~lli~t ~l _ItRlj I1V ttii~ ~tnrt~a~r ~ 12. Remed'ees Cu~nulali.e. Ai! reme~lic: pr~~•: ided ~a tt:~; :ic~rtgage arc di,t?nct an~i ctimt~{at+~•c. to am• ;,sher righ! ~~t ~ reme~l~- nnder thi~ ~t~~rtg.~~~ ~~r af7~~;Jr~i 1~•, t:~:+ ,~r ryu~i~. :~n., r,i.~~~ i~e ~•~.•,-.i.r~E ~c~ncu;rrnti~•. ini~ep•_n:iciitl~ c~r s:.eccts~~~el~~. 13. Suc:ecsors and .\ssa~nc Buut?d; .loiiit and Sc~cral I iahilil~: ('aplion~. ~?h~ ic~~r~tant; and airresn~nts h~rcin ~ottitaine~i shalt hind. a~ci ;hc ri~:hts hcrcun~icr ~hai1 ~nucc i: . thi t.•,{~~.li:r ~u~~~~~~~~:, ~tni1 a~.ign: nf I.~sti!er~ .in~1 Surrowcr. SubjCCt ti~ thC Qft~t•lc;ofl~ t~f p::r:~cr.t~~h l7 1:ct<,~t. :\41 ;~i~~~n.i~tS~ :~~~~t~ .i;,L~nirt,t, :~f Iintr~~~}'cr tih.iil lu j~~i:t[ ~:~nd wCt•~lal. . . `T}1C C3(1I1(Cf1S 1I11} ~1c:J:}lil3;~ t`1 thr~ p~~ra_s.,(~}7. t'~ ?fll~ ~.~~~~i; ~~Li :lf. ~:~1' ie~tl'.'cn+cncc ~~fl~C ~.i11{ ,~~C Ili'2 1C~ t?C 1lCCC~ ~O . interpr~t i~r defi7e :hc Pn,~i:ion-. hercol. ~ ~ ~ .~Oill'?. F'Ct~(7: it~f ~!!1~' Ilt~f::t tti)i::Cc'il t~i`.tjc:~ .1(~~~1l:.t~'i It~ i~i ~t1~L'1? :(1 :1fl~~~thtr fl]3fll]C(. ~:11 .Illl' (IC~[:CC (f1 ~ . I3orro:~cr p;o~~id~d far in chi~ \S~•r~tin~c ~I~a14 t~ i~~'.n h~ e~~.:iii»,• :u:i, t~} trr~~fi<<l m;iil :t~id,r~.rd tc~ Rc~rr:~wer at _ ' ~~lt' ~~f~~~tfl}' :»(~ft~~ ll! :fi ?ItiFi ~lt}il'f :ti~t~fi~• .~i C: ~tl'Ci~:1,~ti t'~ ru~=ii~ li~ ~ ~{1t~i. :1~ ~ TC«'tt~~t~ I1~fCIR. ~:iRG~ . (b) an~ nulicr tc~ t eniie~ sh.ill hr ~:~c~~ h. z~~•r~i!i~.t n?.iiL r~trrn :~•:cr+,: r:.~i;~~tt.i. t~~ ( cn~ter'~ ad~tre.• st:~tcd her;in or to i~ ~ ' CllCf) 1.)~fltf i1ljC~f~SC :t\ [.cndrr m.+~ :~l'SIF'!1:l~t' f?~ I1~T:I:i' 1~~ ~~i~~f~.~'.~t'f :f~ i~l~'~'~jici ~l:'fi)tl- :~11)~ (11~11C1' rR~V:1.3C~~ ~(lf Ifl I}11S . - ~ \iortgage slta~l tk dccrned ~0 1~.-,:c hr~n s~•rt~ t~~ iic~rr~~ucr ~~r 1.•n.,r: •.•},rn L.«•n in thc n~ani~cr de~ignatcd hcr~in ` ~ 15. i'niform ~tort~a~;c: Go~crnirk j.::t~: `~.,~~(;1f11~:'~. Ik.i. !~~t::~ t~?.~1?t~t1~';si~ i~'•illf~ii:CS ittltf(1fi11 c~~cnant~. ~~r national . . l{SC' a[l~ IIOTI•LIR7~ttf(11 it~t-tf~<iY7~5 1\1~}t ~1t117:,~~ t.f~~.fi?:~'Si~ ~!!lf~c~::ll~~n i~lll~(I~111C .l UfltfO~l11 ucur~t}• instri;m;r~t c~~•ering real propc;t~~- Thi~ 1lortg~~c silall he c.~~~~a~cd fit' Ihc lay.s,t th~ i~ri~~ii.ti:,n• ~r? whi:h t?:c Prn~crty.i; I~xatcd. In the ~ ~ evznt that an}• P:c~~isi,~n t~r cl:,:i~,_ rf t4ii: l1c+s?c.~~c rr nc~'.C,~~~ :~~nE1ic:~ ~~i~}~ a~^!::•:hle ts.~,. such conflict shall r~ot nf~ect - li . , : : I (!t~1C(' ~?~i~ticlC+nt Of ~E::~ ~S Ct~.i~~ E~C t.^,i `i'FC`~t~}li~r: :.t11 ;~sLR •.'!t:i:.~~tt~'it~t~t 1S'C i[~;tillitlftf,-})f~~:'ItiiC~?1. alit3 i0 iF11i Cild ifli• ~f~~~'!)1~~(1S I~lt' ~~t~~1L:1C1' .tRtj t~t~ ~i~li .~C~ :l~t~ ~'Cl~ I~+ f`~t' ~i~'Ct:lri.` • ' . 3 ~6. BjJfT04tiff 5 COP1'. ~(~fic~tttC `'t:i~~ furni,~2~ i:~~l~c~rm~'Cj li~~T.- ~f1C 1~~IC :7f1~1 thi~~ htor~~agc 3t~ +.he t:tt:e ; ~ :of er.e~ution or after reccrdasic~n hcrt<~f. ~ • ~ ~ - - ` ~ : . - # 17. T-aasfcr of Ihc Frupcct~: :'1;~u+nption. 3f .,~i t:i~~~ ;.i:t :hc Pr,•~,~r~~ ~,r .~n :nter~st ih~rCtn ic fc~ld ~r fra~~{erred 3 ~ ~ bl' BO((C~}il'C S~~tiFiJUI.I.CI)(IC~~S_{~:tl~i.Nflti~'ll i~~il~Clll.._~11ti1(;IIIQ ~:li l~tti ~f~:~I[iln ~~i1t ~?f ~t~.~+mhrancc ~suhc~t~iinatc, l~~ - ` ~ ~ 1i115 «t)II~i'21~;C_ ~flt•i}1C C(~il~~fl t~l .i )~lifi~l.s~~ !17 ~ii:t' .~~t~It!l lf+i~f~i1 ~i~f ')1~llCttlc~~t1 :i(~(f~l:~tli~~._ (LI•,~+ 1(8ti~ftS h~• de~'JSe. . } ~ ~escent ur hy~ ;,r,ra.ion o( I:~~ t!pon th~ ;'~.~;h ~ ~;nt !~_nan~ ~fr ~.I~ tt;c irac~! <~f ar>> ?catirh~~ld i::t,~r;t ~~f ihrec ycsr: or IeSS t na? containi~~ an c~ption s~+.~:~r~r<»e. l~n~1rr m.,~. `~t 1 r,~:r,',. ,=~~t~~~~ dr~3.~r: :~'1 tt+~ S~~rn.; sz:u;c+l h~ tt.~~, ~1ort~;age t~ be ~ _ immecl~atei~• duc and pa~~ahlr. I rnd~; ,h<il? ~i,i1C ~\,4~~Llj ~.a:~t ~~~'.t~~t .i.'~C~~:.tiz j~Tt~~i t~~ th~ •:~~c i?i 1rar:sier. 1.en3er ~ 3t1(~ the ~persc~n ta :~~h~~m.thc ~~fi~['iJ(t' 1~ lt~ hc: ~~~~ii i+f 1f ~t~ti:t'."t~.ii.i~~) .~t:l'~!'.lifli ii2 ~il:iJ:~C i}l3~ liiC ~(~~t:f i~f ~u:h.~ersrin . ~ { is S3ttsfaCtof~ t~~ I.en.:'er 3nd thc~t the i~terr•t P:i~.ib'i Ih~ >:tsi~, :«ir-c:I :t~:, ~irrts.~g; ~ha11 he at s~~c.h ra~t~ a; i.endcr q ~ SF::S{, reyucst. If i.end~i {13i `.t'~ilt'tti} l~7c' ?i'11i~~it ~i : ~~5~'~'-EE~til~:i: i}F:'' j.ti. ,'r.-~f`r ~ili(; 1~ ~~~t(t~'.titf~ 511:~«ti0f 1[S ~ g interest hai e~ecute~l a~i•~itien :15[1Fillflit(~f~ :tKf~`~flll'11t~ a~.c~ trd ir. writi~i~; h~ I.ei~.lct. {~n~ter sh;~l1 relr.~cr i3nrte,we~ from_ ail ~ ~ obDigations im~ler thtc'~iortcsqe and th~ ti+~tc: , . - _ ` ` ` ` - ~ : tf t:ender eae~~.t~e:s Stich n~tinn tc~ .tz~elesate_ ! ersci.r :ii^~i1 rn;u: I3~~rr~~uer ~u~l+eC ~~t .:c:el~ra~i~n in ~ccordance ~vith p: ragta~h i4 hercoi.~•~uch nc~si~c ~h.+N pn~~:ide ~+:•ri: d~~I r.c~t l~ti. th~:n 1~) ~1a~~ ir~rn t~ie dase the nc~!ire is maited within . ~ ~ ~ u~hich Bocro«er ma~ pa}' ih~ ctFtit., dr:l.:r~.'s eSt;e 1f FS;,rrr~.:~: }'a~. 5~:,-h ;;~m~ ~:i~~r E:~ t;::: i~ri; .ii~~n ;~f ~uch ~eti~d. _ ; ~.Zi1t~C: ma~•.-«•ithc~u~ furtt~sr ti~,s~cc 1P t1~r118~Cj ~~ll 1'c~Tt~~t~iC. R~:~('~.~ .l'.:: :ti~tCt~1CS ~:.'ll:7ll~:3 j+3:hQi'i~~f1 ~Fi tt~f_:`~. . - } . . . ' - ~iOti-[...ti1IOR\i CG~E\~tiTy. t;Ctl(OR'Cf 'L(ld I-cn(~CF,fUftFlCf Cn~CI):t[1! ::nlj :iCiCC :1~ ~t~~;C~~"~: - ~ - 18. Acceteration; Stemctfie+. Exrepl as pr~~idcd iri par::~raph 17 hcreof, upon I3nrru~«r's brcach of.any.cntiennnt or ~ ~ ~ agr~ement of Borro~cer in this ~to;tRa~e, includ'+nK the c<+~enas~tti I~~ ~~3~ ti~rsft:~at3f an~'s~ms seru?ed.hy this ~'[ortg~ge, ~.ender ; prior to acce;eration shall mail notice fo Barro~rr a~ ~~ro.~drd in para~raph l~ hr~enf specif}inR: (1) !he breach; (2) the acldon _ ~ i ~ required to cure sueh b;eac6; ~(31 ~~~tc. oot I~tiv than i0 da~t (rr~m tl,e date Ih~ notice is maiied to ~iotroher, ny wht~h Sush~ ~ breach masi be currd; and IAs+f failare t~ cure~ Snch brcach ~~n or be(nre !he date sprcified in the nc?tice-may rFSUIt in _ i aceel~rntion of thc sums securrd h} thi~ \tr?rt~;ake, torrct~,;ure b~ jucliciaf proceeding and sale of the P~nperi~. The nof:ce : ~ shall further inform Borro~ter oL thr ti~ht to reinstatc aftcr arrelc~3tiun and IiiQ rignt to asscri in !he fereclosure pt6cetding the non•existe:~re of ~ default ur a~~' clher ~efence of Rnrro~~er tn a~s~celrration and Eoieclasure. If thr breach !s not curt~ on t or ~e[ore thc dat4 speri~ied in t:~e n~fire. I.endrr a1 I.ender's option may declare all af the sums setured ~bti' this ~lortglg~ to De ; ~ immediatriy due and pa~able without furlher demand and tna} fo:crln~e this ~tortga~r b}• judicia! proceeJing. I.endtt shstl! . . ~ i l,e entitled to co11e~K in such prcrceeding all eapenses ~;f fo:eclnst?re, inclti+d'+n~, bvt n~t iimited to, rgasnnable stiorney's fets, c ~ and eosts of documenfary e~•i~ence~ abstracts and Iiile reports. , ' : 19.: Bflrrower's Righ! to .Rtinsfate. Notwithstanding I_en.ler's a.ceierat~on of the si~ms secured by this ~torFgage. - BorroK~er shall hav~e the right to have any~.proceedings !?egun b}~ t_ender ta en:erce this ltortgage disrontinaed at any time • i ~ J Btl~t~~' f~Cf t~i ~ : - ~