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HomeMy WebLinkAbout0969 If Lr~iilrr rrywre.l murtKagr imur.inrr a~ a r~,n~l~~iun uC nta?,ing t~ir lu:tr? xiurccl b) tlus Srcunt~ Intilrunirnt, tturr,~~~rr .hall ~~a} the ~rrn~ium. rrywrrd tu maintain thr in~ur~n~r in rfl~rrt unnl ~urh ~imr a~ thr rryu~rrmrnt f~+~ thr iinuran~~ trrminate. in a~: ~~r~lancr ~ ~~h B~,rru~rr's and l.rnclrr'~ N nttrn agrrrtnrt~t i~r a~(~I~r~b1r laN . K. I~spcction. Lrii~lrs ur itti a~rnt ma~ makr rea~unahlr rntrir~ u~m ~nd inspr~Uum ul thr Prorert} Ix~~~1rr ,h.?li ?i~r R~~rr~~W rr nut~:r at thr t~mr ~,f ur ~nur tu an inti~r~t~un ti~r:~f~in~ rr~.~,nahlr r~u.r f~~r thr ~m~rctiun 9. (bndemnation. ~The pr~k•rrcl~ ~~t aHar~1 ur ~lairn fi~r ~am:igr.. ~lirrct nr run~ryurnnal. in t•~,nne~nu:i Hith an~ ~~~n.lrmnanun ur ~,thrr ta{~ing ~~f ~ny ~,art ~,f thr Pn,~rrt~. i~r f~~r cun~r~ancr in liru „f rundrmnatu,n, arr hereh~ a.~i~;i~rci and .hall hr ~:~i~ t„ Lendrr ln ihr r«nt uf a t~,t~l ta~.ing ~~f ~hr Pru~rrt~. Ihe ~nk•rr.l~ ~hail hr a~,~,i~r~l l~~ thr ~urm ~e~~irrd h} Ihu tirrurity In.tr~nirnt, ~hrthrr c~r nrt thr~i ~iur, with arf~ ~xcr~~ ~a~d t~? R~~rr~~Hrr In thr r~rnt uf p;~rt~al t~~,~ng c~f thr PruFxrt~, unir~. t~urmWrr anJ Lrn~lrr i~thrrwi~r agrer ~n wnnng, the tiumti ~rrurr~f b~ thiti 5rrunty ln.trumrnl ~hsll hr rrJu~ed b~ ~iir am~~unt ~~f Ihe ~nxcrd. rt~uitipltrd h~ thr (~~Ili~wing frarnon: Is) thc tc~~al amuunt uf ihr ~um~ ~rcurrd immrdiairly i~el;~rr the tak~ng. di~~~lre1 h~ (h) ?hr fair markrt ~alue ~~f thr 1'ru~rr~~ imm:~fiatrly hrf~~rr thr t~k~ng An~ halanrr tihal) hr paid t~~ ti~~rri~Nrr. !f the Pru~ert~ ~ti ~h~n~lu~ril h~ f3urn+wrr, ur ~f, ~fsrr ne~ti~r h~ 1 rndrr t~~ 13~~rrc~wrr ihat thr ~un~lcrni~~~r ~~fTrrti tu makr an award ur ~rttle a cla~m ti~r ~lamage~, t3urruHrr faih tc~ rrtiEx,ne1 t~~ I.rn~lrr w uhin ~(t ~lei~ ~:,(trr thr cf~~tr tt~r nuuce i, ~i<<n. ! rndrr i. auth~~rirr~l tu c<~Ilr~t and ~~~1~ thr ~+nkce~i~, at ~h ~,~ti~,n, rithrr t~, ~r.t~,r:~t~un ur rrr:~ir uf thr I'r~,~rrt~ ~~r t~~ thr ~um"r~ure~i b~ thi~ Se.-unh In~trumrnt, whrthrr ur nut then eiur l'tilr» l.in.lrr anJ t~~~rn~wrr utheru ise agrer ui Knting, an} aE~~li~att~~~i ~~f ~nkrr~l, t~~ ~nnci~~l ~hall nut r.~Irn~2 ur ~x~,t~~~nr ~hr ~lur ~atr ~,f Ihr mrnthl~ pay mrntti rr(crrrd t~~ ~n ~aragra~hti 1 an:f ~~~r :h~r~gr ihr anu,unt ~,t~ wch mrnt~. IU. Korrower tiot Rcicased; Forbearance Bp Lender \ot a N~ai~er. I:~irn.i~~n uf thr nmr G+r ~;~~rnrnt ~~r mcwiih~a~iu?~ ~~f arn~~rt~lah~~s~ ~~f thr tiuni~ tir~urrd hy thi` Srrunt~ (si.trumrnt granicu M Lrnclrr tci an~ ,ur.c~~~~r in ~ntrrr,t ~~f B~~rr~~wrr .haU n~,t ~~~rr~tr tc~ rrles~r tiie liahilit~ uf the ~~ngin:~l E~~rruwrr ~~r 13nrn~wrr', w~ir,~nn ~n intrrr~~ (.rir~irr ,t~aii n~,t tx rryunr~i 1~; iu~ir~nrn~r ~nkrrd~ng~ agsin,i an} ~ui~c~~~~r ~n ~nlrrr.t ur refuu Iu r~trn~i i~mr (ur ~I ra~ mtr~t t~r uthrr~?~~r nuxlil~ amurti~aUun uf thr,urm tir~urr~1 h~ th~~ tirrunt~ in~trunirnt h~ rra,un ufan~ dem~n~l ma~1c ~ h~ thr i,ng~nal t3~,rn,Hrr ~,r 13urr„w~r'. tiu~~r,~~~r. in intrrr~t An~ :i,rhear~nrr h~ I cn.lrr ii~ r~rr~i~i?~~; ciny r~ght nr rr?nrd~ ' ~'~.?il nut hr a w,~~rr c~f ,~r ~rr:lu~ir thr r~erri.r ~~f an~ nght ur rrmrd~ 11. Successon and Aisi~ns Bound; Joint and ~e~~e~al Liabilit~; ('o-SiKners. i hr r~nrnanl. and agrrrmrntti ~~i thi, Secunt} In~trumrnt ,h~ll hinei .~!+d hrnctit thr ~uric,u~n and a.,i~;n. ~,f l.rn~7er and f3urn:~rr. ~uh~rrt t~~ thr prc~~~~~unti ~,(~aragr:~~h 1? F3~~rr~~Nrr'.<<nrn:~nt,an~iagrrrmrnt~~t»Ilhr~u~rit~n~ltir~rral :'1n~ I~~,rr~,u~rwhucu-,~gn~~hi.Sr~unt~ In.trunZrnt hut c~~k~ n„t r~r~utc tlir \ute 1~? i. r~.~-tiignint thi~ Se~unh In~trumrnt unl~ tu m„rtgagr. gran~ ~nd :+m~ry th~t F~~jrr~~Hrr', intrrr.t ni !hr 1'ru~~crt~ un~lrr ihr trrm~ uf thiti Srcunt~ lmtrumrnt. (h1 i~ nu? ~ertiunall} ~,hliF~trd tu ~,a} thr ~~rn. tircurrct h~ thi~ ~~:unt~ In~trurnrnt. and 1~) .sgrrr~ th~t Lrn~lrr and ~n~ ~,thrr R~~rruurr ma~ agrrr t~, rxtrn~i. m~xltt~. (~~nc~~ar ~,r m.t~r an~ a~~n~nrn~Kl:tt~~,n, with rrKar~l ts, thr trr?n~ ~,f thi~ Sr~unt~ In~trumrnt ~,r thr \utr uith„ul th.it R~~rn,wrr\~~,n,rnt - - 12. I.oan ('harKes. It thr f~,~n ~r~urrd h~ thiti Srrunh In~trurn~nt ~uh~r~t tu a laW Hh~~h ~rt~ itia.~tmum l~~an :hargeti. :inel th.i~ law ~ti tinall~ intrr~retrd u, ih~t the intrrr~t ~~r uthrr l~>sn ~harge, c~rllrclr~l ur !u hr ce~llr~tc~ei ~n ~ur.nr~nun ~~ith thr luan r1~rr~f thr ~rrmiltrd lirtutti. th~n (al an~ w,h I~~~n ~hsr~;r ~hall h~• rrdurrd h~ the amuunt nr~r.ti.~n t~, rr~u~r thr rh~rgc t„ !hz ~rrmsttr~f h~ut. ~nd Ih) an~ .u:nti ~Irra~i~ ~„!lr~tr~1 fn,m I3llffl~Ktf Nfll~fl rx~rrdc~l I ~xrrnittrd limit~ Kill he crluncf~d tn fiurn~wrr Lrn.lrr rl~a~ ~h~x»e t„ rti~ke 1hi~ re~und h~ reciu~inK th~ ~nnri~al c~wed ' uneler shr \~itr „r h~ rn~ktng a J~rr~t ~a~mcnt t„ 13~,rn~urr If a rrlunJ rr~fii~r, E~nnrt~ai. thr rrdu:u~ai wt1! hr treatrd a ' ~~arti~! ~re~a}mrnt ~ith~~ut any ~rr~a~n~rnt iharge un~lrr thc 1~~te ~ ~ 13. LeKislaticm AfTectinK Lendcr's Rip,hts. If rnartnirr~t ~~r r~~ir.~t~~~n ~~t .~~`~li~:,hlr 1~u~ ha~ thr rfTr.t uf ~ rrn~lrnng an~ ~r,~i,i~,n ~,f thc tiute nr th~~ lrcunh li~.trumrnt unrnt:~r~r.ihlr :~~:~~rclii~~: t„ ~t~ trrm.. i rn~frr. ~t ~h ~~~u~~n. ~ rn~~ rryuirr ~mtnr~ii.~tr ~.~~rnrnt in lull ,,1 ,un~..r~urr~1 h~ thi, Sr.unt~ fii~tr~~rnrnt ancl ma~ in~ul~r an~ rrmrdir~ ~ ;krmitt~cl h~ F srekreE,h 1'+ If Lcn:icr r~~r,~.r~ thi, ~~rn~m. ( rr,~lrr ,h.ill t.ii~z~ f}~r,lr~i. ~~,~.ih°~l in thr.r~~~:u1 ~araKra~h ~ ~~.~raEra~h 1' ~ 14. ~~~ticcs. An~ n~,~i:r t~~ t~„«„~<< ~~i~,i ~~~r ~n thi~ ~r~unt~ In~~rumrnt .hafl Fx ~i~rn h~ ~irlitirnng ~t ~,r h~ ~ ;ne~iine it h} tir~t ~I:?.. mail urilr.~ a~E~li::ehl; I.~~ rrywrr. u.r ,,t .~n~~th.r rnrth~+~i Ihr n~~ti.r ~hall hr il~rritr~i t~~ the s ~ {'r~~~xrt~ ~~~f~fr~.~ ~~r an~ „thrr a~1Jrr~. Fi„rrnHrr J~hi~;r~.itrti h} ~i;,t!~r t~~ I.rn~lrr An~ nc,ti~r t~~ I.cn~lrr ~hall hr gnrn h} ~ tir.~ , la.~ mail tn Lrn~lrr', ad:lrr`.,tatrJ hrrr~n ~,r .~nt ~~thrr ;~.t~1rr., LrnJrr ~1r,i~net,•~ h~ n~~tirr t„ fi~~rn~wrr r~n~ ~~~,nrr ~ ~~r"~u1cu lt~r ~n [hi~ 5i~uril~ In~tr~imrn! ,ii.~ll i~ ,lrr~rtc-J i;, ha~r Fk•~•n ~i~ri~ t„ l~,~n„Nrr ur I rn~rr uhrn K~~cn ~nn~dre~ ~ ~rt 1hi. ~ata~rs~h ¢ 15. (:ove~ninK l.a~; tis~erabilit}. I lu~ ti~;;~rity In,trurne•nt ,h.~!i hc• c~~~r;nr~i h~ fc.irrai laN erid thr !aw ~~f thc ~ ;ur;`:i~~U:,n in which Ihr Yrr~~xrt} l~kate~l In thr r~rnt that :+t~~ ~n~.iv~+n ~n ~I:~u~r ~~f thi~ Sziunt} In~~rumrnt ~~r thr ~ \t,tr ~~~nfli~tti with :ir~lic~hlr law. w~h ~~~nfli~t .hall z,~~i aftr~? ~rttirr ~:~,~i,~~~n. ~~f th~ti tir~unt~ (n~trumrnt ~~r thr '~utr ~ ~+hi~h ~:~n hr gi~rn rtTe~t ~~th~~ui ~hr ~~~ntli~~~n~Z rr,~~ni,,n T~~ thi` rnil thr rn„i.i~~n~ ~+f th~~ ~e~unt~ In~trument an:1 thr \~~f; a~r cJrrlared t~~ hr ti~~rr~hir . 16. BorroNer's (~op~, f3~~rr~~arr .hall hr :nrn ~~nr ~~~nfn; znr~f ~~f thr \u1r ancl ~~f thi. ~e~unt~ Intitrumrnt 17. Transfer c~f thr Property ~~r a Bcneficial Interest in Borrower. 11 ali ~~r .~n~ part nf !hr Pr<~~rr~ ~~r an~. ~ ~ntrrr~? in ~t t~.~,1;1 ~~r trari.ferrcd I,~r if ~ hrncti~~:~l ~ntrrr,t in (i~~rr;,v~rr n,~,l~ ifan~~rfrr~l an.1 Isurruwrr nc~t ~ natu~al _ ~rn~m) with~,W Lrndc:r'~ ~nur untten r;:nunt. Lcnclr~ rn.~~. a~ i~~ ~~~ti~n~. rryuirr,mrnr~i~ete ~a}mrnt iei full uf all ~um. .e~urrc7 h~ tht~ ~r•_~nty [n.trumrnt H~,~r~rr. thn „`tis,n ~hall n„t Fk r~.cr~i,r~1 h~ I rn~frr if rieri~u n~r~hihited h~ !rilrraf i.~w a. nf !ii~~ ~,atr ut Inn Sr:unl~ In~trurnrr;l !f l rn,ier r~er:i.r~ thi~ ;~~!ti~,n. I rn~ler ~hall gnr }sur:+,uc~ nu?i,r ~,i .~~rrlrran~,n I~ir i~~~t~~r tii~.~ll ~,r~~~i:fr :i E~en~~ ~}t r:,,t I:•~, tli.~r~ ~~)~1.~~, tr,~m tiir ~.+tr tlir n~~tiir ~.Jrli~rrr~ f~r ma~lr~i •.+~ttun ~?hi~h I~urruurr mutit 4~.» :~ll ~i~r~~ti,r~urr~f ; tti:~ 5rcun~~ In.trumrn~ I~~,rr~~wrr lail~ t~, ~~e~ thr~r.urn~ ~n~~r i,~ ~hr r~~,~rah~~t~ ~'tin ~rri~w. Lrn~7c~ nie~ in~:,~r :~n~ r ; rrnrei~c~ nerrrz~ttr~i h~ thi~ 5r;unt~ Inti(rutitrni wilh~~ul furlher n~~:i~r ~~r ~femar.~i ~m F3urr~,Hrr - - .e..=:.~• • . .i:.Y:_ f~ i I.~ Fl_,~F __SG. S: lt:,::..-"",-. :'1' -.i rn!~~r:rm~:nt ~~t Thiti 1•_~ur:t~ lntitru:nrnt ~fi.~r~ntiriurcf rt an} ~~mr ~nur t~~ lhr ~arltcr ~;f tsl 5 ~fa}.lur ~uch uthrr ~en~x1 nti ,s;}~~!i~.~r,lr I;,u rn.i~ tiE,r~ ~f~ ~~~r rrir~.t.itrrnrncl Fkf~,ic ~elc• ~~f ?h~ I'r~,rxrt~ ~urwant tu an~ ~~wrr ul tialc ~unir~nrd in tlu~ - lr~unt~ in.trument. „r ~ti~ rntr} nC a ~uJXmrnt rnl~~rtuig tt~t, Srcunt} In~trurnent l hc~u ~~,~;dil~~,nti ~rr thai ~~~rn,wer I.rn~l~r 311 ~urn, uhi~h thrn N~~uIJ Fk ~iur uneirr th~~ Sr~un~~ In~trument :,r~d ~hr ti~itr had r.i, accrlerau~,n s ~~:ur~rcl Ih~ :urr~ ~n~ ~ief~~lt any uihrr ~u~r?i:,nt. ur ,igrrementti. (r) ra~ti ~lf r?~rn,r~ in~urrrd in rnf~.,rcing thiti lr~_~~r~t~ ~ntitr~~rn.•n~, in~_ii!r)rn~, h~rt n;,t l~n~~t:~~_I tn. rr:~.nn.~hir _~ttnrn~~~~~ fr~-~ :ent1 fc11 t:tl~•~ ~ui~h :t~ f~nn a~ ~ t`nt~e•~ ma; rra~~~r~ahl~ rryu~rr ~»~rr that ihr lirn ,~f thn 5rrun~y (n.truri~enl. I.rr~cier'~ r~Xht~ in the f'ru~,r?ty anJ &+rruwer'. ~~hi~gati~~n t~~ ~e} the •.urn~ ~ecurr~l h} ~}u~ yr~urit~ Intitrumrni ~hall cnntinur un:hanKed l'~m reimtatemrnt h~ f3~,~r~,wrr. ~'ii. S«ur~~~ Iri•,trun~rnt ~n~! the ~.~hligaU~m~.ecwrd hrrrh} ~ha~! rem:sin full} rRrctt~e ~ti if n~~ ar~elerat~~in had ~•~~urrrct Fl~~HC•~rr, 1hi~ nrht t~~ rr~n~la:r ~hall nut ~~r!} m ttie ~a`c uf ai:rier~uuri un.fer ~sr;?gra~h~ i~~~r 17 i:; ~~9 : ~ ~ ~ - ~~r"_"'"""'~~~` _ ~'a? .r.}c. .a ~--c` ~':"y~~ ~ - ~ ~j .a~ y • ~.a=,~ w-"=°e4 - ~.~~.".~~k.31+.