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HomeMy WebLinkAbout0481 I( Lc~Jrr reywr~J m~r~~~~;c ~n~ur~n~t ~s ~ c~n~~i~un .~1 m~i.~nF ~hc it~~n ~ciurr.: b~ ih~~ ~r~~r~~} In- si rumcnt, Bur~~wer sh~ll p~y thc premiums requ~red m~ ~nt~~n tht ~nsur~nc~ in ef(ct~ unut wch cimc ~s ~ rryu~r~mcn~ (ur ~nc ~nsur~ncc ~crm~n~ies in ~~curd~n.~ with BurruMcrs ~n.! LenJrr ~ ~cicrcn ~~;rcrmcnt ur ap(~I~i~blc I~w 8. (nspect~on. L~nd~r ur us ~~;~ni m~~ m~kr rusun~blc cncr~es u}tin ~nd ~nspcc~~uns uf ~hr Pruprr~~ Lrn.lcr sh~ll F~.r Bur~~aer nuc~it the r~mt u( ur pr+ut w~n ~nspcccwn spec~(~~ng re~wn~ble c~usc lur ~hr insptc~iun 9. Condemnation. Th~ ptucccds u( ~n~~ a~ ~rd ur cl~~m fur ~1~m~ges. dircct c~r c~n~rqu~nci~t. ~n cunn~cti~~n wi~h ~ny cmn~c~un ur uchcr t~kin~;~t ~n~ p~rc u! th~ Pruprr~~,ur fur iun. e~.?n.c ~n I~eu~f iunJrmn~ciun. ~rc hrrrb~ ~ss~bncd Jnd .:1 bt p~~d ~u L~nder. In the e~tm uf ~ cuc~l i~4~nF u( the Pruprrc~, ch~ prcxtccls sh~!! bc ~ppl~r! ru chc sums ~cc~rr~ ch~s Scrur~~y ins~ rumenc, w htchc~ ur nur thcndut. M i~h sn~ e~t~ss p~~, ru &~uuw ~r In ih~ e•-en~ vi ~ p~r~,~) ~~k~n~ u! ~hr Pru~ctey, unltss 6~,rruwer ~nJ Lendrr u~herw•ist ~gre~ in w n~~ng, th~ sums s~tur~d b~ ih~s S~e~vr~tl~ Inseromcnt sh~ll bt rrdu~td b~ tht amuunt uf ~hc pr..irr.ls m;:leipli~d'~y~ ihe (uliua~ng Ir~c~~un ehr w~il ~muuni ut ehr sums securrJ immeJi~~rl~ befurc ~~k~ng, ~.lyd b~ ~b~ ~h~ (~~r m~rkei.~l,,e vl chc Pr~prri~ ~~::mr~ii~~rlj brfurt the t~kinc .jm D~I~nc~ sh~U ht in Burru~?er I( the Pruperc~ is ~b~ndunrd b~ BurruM cr, vr lfret nuc~« b~ Lcn.~cr iu Burru~• rr eh,?~ the ~un„rrnnur utlrrs tu m~i.e ~n ~v. ~rJ ur seule ~ il~im (~t J~m~b~s, Burruu~r f~~ls iu rcsp~~nJ cu LenS~r w~~h~n ~Ud»> ~f~rr ihr d~~r ihe nu~i.e is ~;i~rn, ltndrr is authu~,ied su cutlec~ ~nd ~ppl~• che pnxerds. ~c ics upciun, e~~her tu rrswr~eiun ur rr~+~ir u( thc Prvptri~• ur tu the sums sccurcd b~• ~h~s ~ecuric~- Insuumeni, whcch~r ur nu~ chen due Unlcss Lender ~nd Burrvyer uehrrw;s~ ~grcc ~n w ncing, ~n~ ~pplic~nun uF pr~xcc.ts ~u pr~nerp.tl sh~!! nut cxicnJ ur pustpune ~hc due d~ce uf ~he munthl~• p.?ymencs referred tu ~n p~r~gnphs !~nd ' ~r ~h~n~~ ~hc ~muun~ uf such p~~ men~s. 10. Sorroper Noc Relcised; Forbearanc~ By Ltndet No~ s~'~i~et. Ei~tns~un uf ~he eime (ur p~~mene ur rrx~.l~Gc~t+em uf ~m~reiz~uun u! ehe sums s~cured b~ ehis Srcuru~~,lnstrumcn~ gt~ntcv o} LcnJrr tu ~n~ suctrssur ~n in~trest uf Burruw-er sh~ll ~u~ uper~~~ w ce'~e~se chc li~b~1~~~ uf ~he uriginal Burru~.rr.?r Rurruv.er ~ su~ccs~urs ~n ~nirrrs~ LrnJer sh~ll n.~t be required eu cumm~nce prvicec.~ings ~g~~nsr ~n~• successur in ineerrst ur rcfuse tu r~eenJ t~mr fur p~} men~ ur urherwise ~ Rxxlit~~ ~murtiuciun ~he sums seatired b~~ ch~s Sc~urny tns«umenr b~~ re.+se~~ u/ ~n~ Jrm~nd m~dr b? ~he ung~n~I 8urruwer or BurruR•er's sucaswrs in incercse. An}• (urbcar~~ce br Lendet in e:ercising anr righ~ uc remcJ~~ shall nut be a.~+~iver uf uc preclude chc t=ercist u! snY right ur remedr_ _ j ! l. Succasors and AssiYas Bound; Joine and Sevsral4isbiliry; Co-s~gnecs. T??e cuven~ncs and sgreements u( ~his ~ Secvritr Insttumens shall bind ~nd benefic the succeswrs and assigns uf Lendet and Burru~er, subjccc ru che pru~•isivns ul I paragraph 17. &~rruwcr's cu~en~n~s ind ~grermen~s sh~il be joinr aod several. Anr Burruw~tt w~hu cu-signs chis Src'uriry f lnstrumenc bu~ dues nut e:ecuie~l~e I~uce: ta~ ~scu-s~gn~ng ehis Sectiney lns~rumenc unh w mur~g~ge.~r~n~ and ~un~ r}~ eh~c Burru~~er's in~c~esc in the Pruperi~~ under th~ ttcros u! ~his ~curuy lnscrumenr, ~b~ ~s n~x peru?n~ll~• ubl~g~red w p~y the ~ sums setured by ~h~s Securuy Inurumenc; and ~t~ ~grets thac Ltnder ~nd ~n}~ uther 8urruwtr m~}~ .+grc~ tu extend, muJif~. furbear ur m~le an~• accummu~la~wns w~~ch reg~rd w che cerms u! sh~s Securuc tnsirumcnc ur rhe .\'uce M~rhuu~ chac 4 8urru~~er's cunseni. I ~ 12. Loan Charges. If ctx iuan xcu~cd b~~ ch~s 5ecurii~• lnscrumcne is subjecr w ~ law wh~ch xcs max~mum Iwn ! ~f ch~rges, and thac la~~ is (inslly incerprrced w ihu ehe ineuese ur ueher k,an charges wlkae~ ur cu be rul?eiied in cunnecciun a~i~h ihe !wn ucred ihe permiucd le'miu, ihen: la) snp such Iwn char~e s~haN be rrduced b~ ehe artwune necess~ry w eeduct cht charge ~u ~he permiieed limir; and tb! an~~ sums already cullecetd frum &urwer whichexctedrd permiceed limies w il! bt rc(unde.! w BurruM~cr- lrnder auy chvuse eu make ~his cefund b~r reducing ehe principsl u~rcr! under iht Nure ur by makin~ s d~ret~ parmcnc cu Burruver_ (t ~ re(urtd raiuccs princip~l, che reduaiun s~ill be ercaced u~ pu~ial prepaymenc wichuuc any prcp~ym~n~ ch~cgt undcr che Nat. 1 j. Legis)aeion Affecting Lender's Righes. I( en~cement ur esP~ruiun u( applic~ble I~ws h~s ~he e(fect uf rendering ~n1~ pru~•isiun u( ihe 1~'~e~ ut ~his Secuntr Ins~rument unen(urceable ~ccurd~ng tu i~s ~erms. Lendet, us upe~un, m~y~ require immcd~~~c p~?•mrn~ in (ull uf ~II sums scc~,rcd b~ ~his Sccuncy lnsuumrnc ~~J m,t~~ imui~e Jm~ rtmedies ptrmiucd by F~~'6r~ph 19. !i Ltndrr ciuciscs this up~~un, ixndtr sh~tt c~kc thc srtps sptci/itd ~n ~ht snund pac~Fnph uf p~r~braph 1 i_ 1~. ti'ocices. An}~ nu~iu ru Burruacr pru~~c'cd fur ~n ih,s St~unn~ Inscrumrnr sh_II be ~;i~cn b~ deli~rnn~ i~ ur by m~,I~n~; ~r b}~ (~rst ~l~ss ml~) u~kss ~~plic.?ble 1~0. requ~rrs use u( ~nunc~r mt~huJ Thr nucnt ~h~il br J~rrc~rd cu ihr Pruprr~~• .1.f.~res~ „r ~n~ ,~~rtrr rJdress R,,crvKer dr~~~;~~rr~ ;.~c:.e ^'ct ^v~ict ~n"r sh~11 br c:~en M f~rs~ ci~ss m~it r~~ Ltn.frr s~ddrrss s~~~td hcrr~n ur ~m uihcr ~ddress Lr~~icr dcs~gn~~cs b} nu~~ct cu ti~~rrvMer An} nuu.c pru~ iJrJ fur ~n c`•~s ~c.ur~t~ ln~u~_mrnr ~h~ll b«crmrd tu h~.r bccr C~~cn w Burr.~acr vr Lrndtr ~'~ca c:~r~ rs pr,,.,Jr~,n rh,~ ~,r~~r~ph l5. Go•crn~ng LaK; Jt~erab~hty. Th~s Jr.~r~~~ lnscr~rr.rn~ ,-~11 or ~;,,~c:nr~ Ic~cr~; :^r ut ~hr ~;;r ~~Ji.+~~~n in w h~~h ~ht P:~~prrr? ~s l~x~ttd ln ~hr r~rn~ ch~~ ~n} pru• ~s:~~n ~r cl~c,c „t ~hu ~r~uri~~ In~~run:cnt uc che ,\urc <<~ntt~cc~ w~+h 1Fpl~.~blc I~w.s~~h.unfl~c~ sh.:ll n+~~ ~~fr~~ ~rhrr ~ rv~ ~s:, : i,:f ch~s ~:;::r~~~ f;~~~rumrnt ~~r ?hr ~„~r w h~~h:~n br b~•rn r((c<< M,ih~~u< <hc cunil~.ung pr~~~ ~su,n T~ ~h~s cn.! chr pru~ ~swns ~t ~n~~ :c.un~~ In>~cumrni ~nJ tht \~,cc ~rc .:r~l~red eu b~ se~er~ble. lG. SurruMrr's Cupr. Bu~ruwrr ~h~ll be s~«n une eunl~,rmcd cup~ uf it~r ,\uit ~nd uf chis Seiun~r (r»crument. 17. Ttansfer o/ tht Property or a Benefici~l Inrerest in 8orrower. li ~U ut ~ny p~r~ ul ~hr Pcuprct~~ ur ~~y ~ncrrrsr ~n u~s s~,W vr rr~nsftrrrd ~ut if ~ bcntfic~~l inttrr~c in BurruMcr is s~~W ~~r ~r~n~IcrrcJ ~n.! Rurruw rr ~s rn~t ~ n~cur~l ~rr.~~n~ wi~h+~u~ I.rnscr~> prwr Mni~rn wn,rn~, LrnJrr m~?. ~t ~~s ~~{~nun. tryui:r in~~r.c.li~tc ~~~mrnt ~n tull vf ~II ~wns ~r~ urrd b~ ~h~s ~r.ur+~~ In>uumtnt Huwr~er. shis ~~Fnun ~h~ll n~,c br c~rrc~scJ b~ Lrndrr ~f cacrc ~cr u~+ruh~b~rrJ h}~ frJcr~) ',M „ ~~r ihr d~rr ,~r ch~s ~c.~n~? Ins~rumrn~ ((I.crxicrricri~sr~~h~i~?pu,~n.Lrndtrsh~Il;,~rAurn,wrrn„~~~c,~~xiclrr,~u~n Thrm~n~c.h.,l!~~n~~i:~~~•ruKluf ic.. ~h~n ;uJ~~ ~(:um ~h~,l~ir ~hr n~?n~r ~s Jrl~~c rr,! ~~r m~~ir' ~n . tii~h H. ~rn~~cr mu.~ ~li wm..~~~rrJ h~ ~h~s ~CIL[If~ lm~~umc•m ~~f(~I~Cf ~JI~S IU ~JL If1C>C •UfTI~ ~`fluf t•~ :f7C t\`'IfJU~~^ ~~f I'~•. ~l•f1~A~. (C~1~~Qf II1J\ IT)\~~~1' Jf1~' JCRtI',il'~ ~+arm~~~c.! b? ~hu Sc.u~~~} In~trumrnt M~ihiWl (Ufl~1Cf Cut~~r ~~f .;CllUft„ ~~II ~4~Ifu~tlf . 1M. BotroMer's Righs eo Rcinscoce. tf &,~r,~~rr mrccs ~rr~~~rt c~,n~~~K~n,, N,•rn~MC~ ~h~ll h~~~• ihr r,l;ht a, h~~r cniur.rmcn~ ~~I th~s ~r~urn~ tnsuumcnt Ju~unt~~uc.! rn~• nmc• prn~r ~u ~hc c~rl~cr ui ~ S J~~ ~„~r ~wh ~~~hcr ~?rr~~.t ,r~l~.ahl~ I~~ m~~ ~~x~~f~~G~rr~ro~~~~rmrnr?Drl~~rrs~lruf ~hc Pn~~xriy pur~wn~ ~u,~~~~ ~,MCr~~I.~t~.~~nr,~n~~J m ~h~.4• .~t~l\ I~HUUf11t~1f.•N ~h' Cf1If1 ~~t ~)'.~~1~;n~~•~~t rnt~,r.~n~; 1~1~• ~l~Lf~t\ (:l~t!~Itll~lt T~1~~•, ~~~Il~~~h~~ll? ~ft /~IJt N~~rr~~wcr ~Ji ! crnler ~Il.uin, v hKh ~hrn M~~uIJ hr duc unJcr ~hi~ ~r~uri~~ In.~ruincn~ ~nJ ~nt• t,.;c i~.~~i rn~ tci~tu~n,•.~urnJ. • h~ ?~fC~ J111 ~,l'~Ai~l n1 ~fl~ .r1~1t'/ ~•r:1~{ f1Jflf~1~f J~;ffCR`11111. 't ~(`J1 ~ C\~('ft~(-~ IIH1:!!t'~~ Ittfll~~~ft Ifl~ f~tl~ \t~t111rtt ~/1~f/Ultlt'llf, ~n~luJin~;, tw~ rw~t {im~~rJ ~u, nv.~m~blr ~~~~unc>> t~r.. ~nJ t.l,a..u.n ~i~n,n I i~~,4r n~.~? rc.~•~~~~.~hi~ r~y::~rc ~u,~~• wrr ih~~ il~r IK•n ~hn ~a~un~? Inir~umrni. l.cnJcr , n~;h~s m thc F'r„ra~ri~ mJ 11~~r~,~wcr ~~~hl~~;~u~~n rh~• .um~ •cwrr.l h~• ~h~s k~ur~t} In.t~ur~rnt sh~l) ~~~n~inuc un~h~n~;~J l'~+,n ~cm~t~~cnxn~ h~ I~~rruwi•r. ~h~. ~YUn~~ In~~runun~ ~nJ thc ~+t+I~K1u~m> >r~ured hrrcbr sh~ll ~rm~~n lull~ rlfc~rnr ~ti ~1 n~~ ~~•rk•r~~~~,n h~J ~r~urrcJ Hu~?~•~~•r. ~h~s ri~;hi ~u rc~n~~~~r shall n.N ~pply i~ ~he ~~~r ~~1 ~«cl~~r~tNm unJcr ~~r~~;r~~+h? I t~~~ I i. ~ °^p~ f 7~ 4~1. _ ~ ~ :~a~~