HomeMy WebLinkAbout2398 I! L~ri7c~! ~ei~~., . ~1 3~~~~ r s~~.;~~i~l~-~: Cu^U !:~,in ~fi rt~dk~t~y!i~~ I~;d,~ ; ~;:urt°d Uy rn~S SE~,~~~,r~ty in~trut~':~!~i :3ur•,;:.._~r tih~i~',
:~~y, t~~e r;!i.'I!:... .._.'L':~'...!t'ij « ~.'.l;'1'.1~.(,'~t,' I(?S~,l~!li~Q Ill tf~FCi Ufilli iilC:h (if)1t? (hc' (t~l~U~'r~ll!C.'fi( fU! l~lt'IfISU!~111Cc' (f.'I(I;ili,i~c'S if1
acc~r~ance .v~th B~~rr;;;,~~r s;3-~c; Lc~~~ner s:~:r~it~n ag~eerr.~nt or appi~cabte !atv
8. Inspection. L~: n,7i'i ur 13~unt r11aY /?lakE~ fE'BSOf?c3L'!t: E~IU:E'y tl(lJtl 8~C! ~tl~G)t?~~f1011S Of thi' PtU~clty LE'fldEir Sh;31' _2~4'~
~ur!i>:~;E'~ IlOfi~E' 8! fhEt 1ini~ i)f :~1 (~r!:;r ti) ~3f1 ~!1S~@CllOfl S~JE'Gfyillq /88SOf1~DIEt ~:~uSFT t01 fhE' iI1SpCCl~Of?
9. CiOlld@fllfl8~~0~1. 'I hi' {?/UCE'E'i15 O~ 811y 3`.Vc31t"~ Of C1~3tIT: }vf C~81118L~f?S. :~Iff.'CI Uf C(JI1j~UE'1?18~ If' Ciifl(1LC11U11 Wlih ~~!ly
;-~.in;1~~~•,nt3h~~n or o!her ta'K~nq ~t an~~ ~~art o! !he Property or f~x ConveyanCe ~n I:eu uf cor,den;na(~on aie h~~eby ass~gne;i ar~: Sha,l
be :;a~d !o Lenc±ei
In lhc~ ev~~nt ~f a tota' lak~ny uf thc~ Pro;~erty the E~roccc~cis she!I be ap{~;~c d to!~;e surns ~ecured hy th~s SeCUrty Instrurnent
;.h~ilh~t or no1 lht:n du~ ~vith ~iny exi:E~sS ~~a~d tt~ BOrtOtivtr In ih~ event ot a p~rt~al iek!rig Of thit p~i~~i~rty ~,n!~tis E3imo~.ti•E~r ~rd
L~~r,fc~r ~;ttier:~:~se agree ~n ~vr~t~ny the s~;~~~s secured by 'h~s SeCur~ty InS!rui;?enl r,hali be r~~duced by the a:no..nt ot the p~ocetrcf~
n~.~~,[~,~i~~~~ by the to!;~r.~ng frachon ~a) the (Gta~ 8n~ount of thc sun~s seCUred ~rtirned~ate!y betoie!hetak,rg drr~ded by (bl the!a~r
~,~a!~e! va!ue of tre Pruperty ~r;~n•~~,i~ate•y b2fo•e the tak~ng Any balance sha!l De E;a~d to Burru:Ver
I! tt~e PropertY ~s Fibandoned by E3unu~vtr. or rf atter no!~ce by Lender tc~ Borru~.ve! thal !he ct~rc:ernno~ ~~ffers tU r~~a~e an
~~.~.ard ,etile a c:au~~ for damdqes Bono~ver ta~ls !o res~~und ti~ ! endtr w~th~n 30 day~ atter thcr da?e?he not:ce ~s g~vc~n Len(:er ~s
:it~In.;r:_crC'O Cu:i~Ct enC1 d{~ply the ptOCCeCS ei ~1S OphOn eith2f f0 reS!orahun Or r~pd~r O! the PrO~~ei(y O~ ,O;he Surt!S ScCUred bv
th,s S~~c~nh; Instiu~nc.M ~.vhether or nct then due
UI?It'SS LE',n~E'.f d(ld ~OIfOWE'f OIhE'/:ti~se agree ~fl Wlih(1~ ~3f1~' 8~)OItCd(IJ!1 O~ ~)lUCC~.:~~ 10 ~?(if1C~Ei~I 5h81! i?i)1 f'X?Elli~
;~~st~;~nE~ the d:,e c+ate oi the rnonth(y payments rete~red Eo m paragraphs 1 and 2 to change ihe amount surh ~~ayn;;~r~n5
10. Borrower Nol Relessed; Forbearance By Lender Not a Waiver. E x!f~~s~on of tne t:rne tur G,ati ~,~e~,t c>r ,nu;~;t~cat~~n
a~r~or±~zat~on ~~f the s;~ms secured by th~s Secunty Instrument granted by Lender toa~y succes~or ~n ~nteres? of Borrower sha!i nc,t
~,oerate to relc•ase the .~ab~~~?y of the ong,nal Borrower or Borrower s successor; ~n ~nterest Lender shall not be requued !o
~i)t1~IT1C~CE {`fGCeCdi~lyS 8gc~i[1Sl8fly SuCC@SSC7! t11 illtef@S; 01t@1US@IC~x1eRdlitnC}Or E)~yi?lcntpt p!hC1`,ViSE/nOd~~fya~l0!itZatiOf?O?
the surr~s secu~ed Cy th~s Secur~ty ins~r~ment Cy reason of a~y dernand n~ade by tht~ or:g~nat bo!re;,ver or Borruwer s successo~s ~n
iil(~IC'S? Any f.U!hE:af~3~iCE' by LC~CE'r ~!1 txf?fC Siflg 3f1V !iC~. ht oi remedy sha~J nC1 De a~~c~NCf Of 0! p!E'C~Ud~ ~ht; Ex~ICtSC 01 8~y tiC~h! C~~
r~rl~edy
11. Successors and Asaigns Bound; Joint a~d Several Liability; Co-signers. The covenants a~ ~d ayr~.~rnents of th;s
S::~c,:rty in~iri,irent shaii b~nd 'dnd bene'~t the SuCCessors and ass!gns of lender and Borro~•:er sub;eCl to Ih~~ prov~s,uns o!
e,araorap^ 17 Borra.ver s covenaMs and agreen~ents shai! be ~o~nt ard several Any Borro:ver ~vho cu-s~gns tt;~s Secur:tt
insirurl?en[ but d.~es not execute the Note la} is Cu-s~qn~ng th~s SeCUr~!Y Ir~strun~ent on~v to mortuage arant and ;:~~nve~~ that
f3•Jrr~s':cf ~ ir'?e~(~SI ifl ihB PrC;i~~~ty unCer lh~~ tefl'1~ of tn~s SeCUnty Insirument (bl !S !t0t personaiiy OCI~g21Pd 10 E?c~y Ihe SUttiS
s~~cu!ed bi ih~s Secur~ry Instru~nent. and ! c1 agrees tha! Lender anU any uther R~rro~r;er r,~ay ag~ee to extend rr~od~ty for~~ar or
I -
! "lc]~.E' <3(~y' ~?CCUI'1~`tpC~c~[~i~'~S ~ti'~'h IF~~~fC~ 10 IhC ?E'rr'~~S Of !hiS S~'CUlIIy !f15I!U(li~!11 O! ih@ ~VU?E"::~(hilU? 1h31 EjC11•:i:':C! S CO:iiE?il'
~ 12. Loan Charges. I! tr,~~ ~~;an ~ecure~ by th~s S~•a.r.ty iristrument ~s sub~ec! to a~a~.v :vh~ch s~ts ^~~ax,rrun~ ;ua~~ charGes
' d~`f7 !h~? i~ fiI';8!ly ~t~(c'r; !E'2t'd SO'h8l lhe i!IYP,r~~( uf ::?her 'Odfl C118f(~e5 CO!1@CICd Ci1 (J b@ :0'It'CtPC +!l COnnCC?~~;n :'r~?n !he!03~1
~~~c~~~ei: th~ ;~~.r~,~ t<<~d ~~ts ?heo~ ~ ai dny suCh lo~^ ~ har~<sha!' be reduCed by the an~,i~unt neceSSary tu red~.,Ce the Gha~petorhn
! , ~.'~,'(tE~! L c~nd I bl ~3~1~~ SUr,~S ~!'F'8dy COUE'C?E'd f~Ot'1 BO!fGWE'( lVhiCh exC2RG'E'U ~~E:rlili'fed'~fTl~iS W~il bE' IEfU!iCIE'd'O BO'IU~.4•Cf
i
L~~rn;ir~~ a,< tu „~a~-~e tr s retund by r~duc~ny!he pr~napal owed under the Noieor by rnaii~ng a d~rect p~yr~ent t~~ Boiro:ver ~f
. . r~1!,(;e~ [;nr.C~~~:.~a~~ ?he red:,Ction ~•~ii! r~ r
~ be heated as a part~al prepayr, ent ~ti;th~u any prepayr.ent chargf~ un;;cr ihe Nn~e
'r
~ 13. Legislation AiFecting Lerxier's Rights. if enactment or e~cp~ratbn d appi~cab~e lawrs has the effeet d rer~denng prov,s,ons respect.ng
the repayment terms. ~nte!est adjustments, or transfer d property under the Note or this Secu~~ty Instr~ment uner~orceable accordmg to ~ts
f terms. Lender . at rts opt~on, may reqwre Borro~r,~er ta modrfy the repayment terms, interest adjustment terms, or transier of property p?ov~s~on(s).
E as appl~cabte, of the Note an~,~or the Secunty Instrument. The new terrn(s) shall not ~ncrease the Note mterest rate to a rate greater than
k the rate Lender vwuld 'na~e offered Borro~wer on th2 date d the Note for a 30-year fixed rate loan in the same ong;nai prnapal amount as the Note
~ If Lender exerc~ses th~s option, Lender shall g~ve notice io BorrvHrer, specifying (a} the action reqwred to modify the applicable term(s)
of the Note ar.d the Secunty Insirument (b) a date. not less than 90 days from the date the notice +s gi~~ to Bara~rer, by wh~ch the modi+,~cation
~ mu~ be cc~mpleted; and (c) that failure to complete the modrf~cat~on on or before the date spec~f~ed ~n the notice may resutt ~n accelerat~on
af the sums secureci tr,r the Security Instrument. I( Borrower tails to take the acUon required to effect the med+fication with~n the specrf~ed
t~me, Lender may mvoke any re~red~es perm~tted by the Secur~ty Insirument w~thout further notrce to or demand on Borrower
€
~
g ~4. HOZIC@S. %a'ly' ~OhCC' ?O P,Of~~?'.:El ~:.;idplj f0~ ~!1 Ii1~.5 SC'C~.,r,ry •,;(i~ri'~E't1I S~a'I bEJ ~~vC'll ~Jy dit'i~:'~fi^;C O• (4 .
• Gy a
;
f +~!S! : IaSg ~n~3~! Un!EiS 8p~i~iC~LI'~t~ ia.•~ fE'C~~_i~:rC'S USE' Ot c3^~;iht?r ~,-~nt.h„~d ThC tl'JGCE? S~'~a~' bC di~CCtCC?O?h@ P~C1J~~~?y AC:~f@SS v c~~~'
i ~
g ~~ri ~3dd~i'SS BorrG~.ver dBS~CSI2I~'S by np=,iCe io L~ n~~ r An'y nG?i~:~? i0 Lt'~~c.r Sh~ll b~~ q'vEn Dy !~'St CfBSS r!?3ii t~; ~F~n;~~ r S~dCirE~55
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~ 51a'"d "~efE'~n Or 2IlY OthE?~ ~(7dfE?SS Li:~d!'r dBSiC~~fE'S l7~ f!O~ICE' ~O BO!fG~Ar~t Arly !':J'.iCE3 p/C`J~,1Cd sOf rh~5 SBCunty InS!!liR1C'^1
`,"<i'i hC dE'E'rTC'd ?O hdve bCEn i:i'•:~fl t(i BO~r,;iE'I (ir ~E'ftdel :Yher c~ven as F~~ro'lidE2~ ttl ?`liS pdr80~2ph
~ 15. Governing Law; Severabiiity. Th,s Secun~y In:;tru~~~e•~t sna!I be govemed by 'ed~ra~ ~a.•r and ~he ta~,~: o' ~he
t
Q ~u~.~r:~C!~~,)n tn J: h'Ch ?he PfOpeftV ~S 'OCaied In ihe e`: Pni lhet any prov~s~On Of clauSe n! S h!; SeCUr~i'y In5'~un~enf Or f h~ Note CUnf,!ct ~
~ ~.;~th aO~;';~3~`'',e i~:",' SUCh CO^fI~C~ Srl~ll I'C1 afft C1 O'hc~[ ~;f0'~~S~Of15 Of fh~S .SE'C:~~~?V ~"Si!Utnen~ Of tf!E' NGIE' Y:h~Ch C2f1 beg~VF_~I` effBi,(
~ :.~?hUllt ~h~' CORf~ICl~fll~ ~)fpb'S~On i O lhi5 °!1d IhQ p!O`l~S~0r1S U! fh~5 SF?CUf!1y If1Sl!u~^Cfl! and ihe (~IOiB 2~8 dE3G~8!E.'C710 b~ SE'JF?fBbIE'
6 16. BOlfOW@f S COp~/. B~~'~G~~Er Shal! C,E C~VBn OlIE' COrfOfRieO CQUy' 0( lh~' (~OiE3 ~f1C/ O~ 1hiS SBCi:•'ify I!'SifU!11~'f',l
~ 17. Transfer of the Pro ert ar a Beneticial Interest in Borower. if a,! cr an•~ ar? o! ~ti Prcper. - cr t~; n;;:~
~ P Y e } any ~n ~ es; ~
~ 50~~~'7 qr ir~n9fr•rrGU!OI ~f 2 b~nEfi~~~i in?i'r~;S[ !n gGrrC~.v~r ic SG~d qr tr2nSfB~refi 2r1d BGrr(i:~iC~ ~5 f101 ~ nBiU'81 pB~SO!11 ~s:!thOUI L:?^'7~r~S
~
..•'-+E?r' CU!1Snn! LE!l~.E?' !'?3y' a? :jS (.~U~'r~' !B!`il~df ~C1i~'f? C8'ytT1F-r1i ir ~li~~ O; c~' •'~S SF•C~.,'E?(j b`~ !h~S SE'CU~;ty IflStri~~.;~n!
N~ -;E:~ }:,~~.5 ))1 ~.d` ;i1 CE,' E'xt;(C~>F?(7 C'~ L°fiCj~3f if f'a_ n a~,~jc,i..~ ti
c , erc~s ~ s p ;7~b ~ed br -c, la:. as c,f t e c1a~e o+ ?h~~ Secu~
, ~.,5.,:`,,..~,~,
I; L~ nd~,~ C•xr°,~.;~5 rr-~> CnP o'~ ~nr,C;~-~r han C~v~ B;~rr;~:~:er ^;~;ir~~ f r~t c, r,
O 2 ~e c iun I h~ f10,~Ce Shc3~' G'O`.'i;~E~ c3 ti~•;,`;;±;~f nOt
> rnan 30 day~ 'rom the,• CaI~ ihe n~~'~C~ ~s de~r~ere~ ;r !r~~a~~~~d ~;r,~n v:h~ch Borri;~:ver m,~si nay al! su!~~s seCU~ed Gy rh~s SC"~u, ,y
Ir;?,urr~ent If Borro:ver ta~~s tc ~>_ay tnese surr~s pr~or ro the ex~;,rat~on ot th;s pe~~~od Lencler rr~y :rniok. ar} remed~es perm~ited b~r
!^is SeCUrity instru«~~nt ;,/,ihcu! f,lrine! nci~Ce or hE~!?lan;! on BOrro'A~er
18. Borrower's Right to Reinstate. ~t Borro~.:er reets certa~n cond~huns Bor~o:rF,, sr;a': have ~he ~~g!-~r t~ h~ve
~ „~CPlpF)f?; 01 f f?IS S"CU!~1`~/ If1S'!Uf!lf_'~`( ~~:SCOnIInUF?!y ~i ~I?y Tir'lE n!i0f IOf `1F' 88fii:?r pf i~i 5 t1c~'~5'O' SUC`~ OIhF?t OC'~~OCj 8S 2DE)!~C2h~~~f.'
9 ~ T',2' S;}nr; ~1~1 ~E:~^a1c~«"PPfll~
~ ~JE3f~i!E' SB~f~' O} tht' f ICi;.nrt~! C)U~S.~8r11 clll~/ F)f~:.F?I 0~ tiBiF? i_ (`,d;f1PCj'rl !hIS .SE'Cul:~~/ If?S(!i ~,.,e
~ J~ ~:J1 p?Ct~y ~j' ~~i~r1~.r.~ :1 .,{li.Jr~~nn th,~ Jf'.CU~;1' ~nS?I ,L E:n~ Thr)SE' Ci.)!l~ .-!iJ 8~n ih~~, ~~;rf0 .Fr ~ ~ f~r ~
~ _ ~ 2, ~i~.yS L~ ~Cj f~- Si1f115 'Lh~C'h
~ t)E) `.U. ..f'C:~;, rr~~ S.. i ,~',''u"'~~f,'ll1 ~3~:(j ~hF• ~ii:~E' `'8L' ^iu (..._C~~.E,'d~ . „_.~J~IE'~ ~!)i Ci~~tS 8f1~~ Cj°faU~i Of afl'j O~hE?!
g~ ~..'^~r~~ - i E'._ . , ~S ~;d'jJ l~. ~1 ! ~E.. f .~~1 £,f~<,i/('-^, (h:S S'JC~.. < ~ ~ ~ 'j tO
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