Loading...
HomeMy WebLinkAbout2552 ; 8. OBU(3ATIQNS t~F PERSONS UNCER THIS NOTE I1 mors than one person slqns thls Nate. eech pa~eon ia /Wy ~nd p~sonay obYgstsd to keep d oi 1hs promises rt~ds in this Nate, in- duc~ny th~ ptort~lse to piy tM iW ~nwunt ow~d. My person who b a, gwuantor, suroy a endorser oi thb Nots Is also oblig~ted to do theae thh~s. My person who Wc~s over thes~ obNyatio~s. Indudfn9 the oWq~tbns ol a~uarantor, suroty or endorser of tMa Nota. W atao obNSpted io keep 1~M of the praNses rtqde in thls Note. The Note Holdr may enfa~ Rs ~hts under thb Nate ayalnat a~ch persor~ Individualy or a~inst d of us toqether, TMs me~ns ttwt ~ny one of us rtsay be roquined to pay d of ths arnounts owed under thls Nots. s. wavEws ~ 1 and ~ny other person who has obi~tbns under thb Note waivs th~ ~hb oi prosentment ~nd ~otke ot dishcr~or. "Presentment" me~ns the riyht to roquiro the Note Holder to dertwu~d payment of arr~ow~ts due. "Notlcs ot dtshonor" means the right to roquke the Note Hokfer to give notloe to other persons that ertaunts due hsve not been pald. 10. UNIFORM SECURED NOTE This Note is a wdfonn hatrumrnt with imitsd vsriatbns in sorns ~ctloRa. In additlon to the protscllans yMen to the Nots Nolder under this fYote, a Mort~auqs, Lleed of Truat or Security Desd (the "Sscu~iy Instrumer?t'~~ dstsd the aame dRte os thls Note, protecta the Note Holder fram posabb bsses whk:h might rowR M 1 do not keep thr promises whkh i m~ke in thfs Note. That 3ecurity Inatrument deaaibes how and undef what conditlons I may be roquked to m~ke Y~r~e~te payrnent In tW ~ d~nwuets 1 owe under thb Note. 3orr~e of thoae conditlons are desa~bed as topows: ' Transfsr of tM P~op~ety or a BenNicW int~st in Borrows~. H ar or arry part oi the Propery or arry hterost In It is sold or transtert~sd (or M a banefkid irtteraat in 8orrower Is sdd or transferred and Borrower is not a nabxal person) wMhout Lender'a prior wriuen consent. Lender msy, at it~ cPtbn. ?equi?s krrr~edette payment h t~ ot e~ sums secursd by this Security Insbvmant However. thls option stW n~ b~ exardsed by Lendar N sxeroiaa is prohbited by Mdad law u of ths d~te ot thk 3ecurity Instrumon~ if Lender exerdaes thia option. lender ahaU ~lve Boncwer nolbs ot aoceO~aUon. The not~ce shaf provide a period of not baa than 90 daya hom the dats the notlce is clsiverod ot maied withln wAkh Borrcwer must psy d aums secured by thia Seou~ity Instrumen4 !f Bortower tals ta p~y these sums qbr to the expiratbn ot tMs period. . Lender may invoke erry rert~edies permftted by this Securily Mstrumant wwithout lurther notlce or dernend on 8orrower. WITNESS THE HAND(S) ANO SEAL(S) OF THE UNDERSlGNED. Robert A. Ja n c~n anne Jackss~n s«.o,~ ~~~az r- ss.cn ~09~) a~~~ u~,s~) aess2 gQO~ 674 PACE~552 . _ _ - - - ~:M _