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HomeMy WebLinkAbout0099 ,< u f iln~I' {:1ooi... ~J t~ !l7 "0<< V "LV. ~va\ U. U~ fN.tto'i' (0) .... PliO' tQ AftOO n~~rU, ~ S ! < i \Ifil ,. :"HH". r I t , I ~ .....~ _ niltti~ undt-t ~ iaWtt of _1..,.. . CT .-~. ~ pnmipal--. f1l """ty t:YO ~..... ._ ..... -..nct .. .-/1. Oft... .. . ..... .. .. ~ .. .. tJol.... (. J2 toO. 00 ), wi Ul intC!'f'Wt fl'tlfD date at. the r.IM ~ 11... eM .-...r,... ~ eetJLim ( S v 1/_ "') f.)I('f- !.noo... f)Ift....,.w ~ \It!l\it pMl "...w ,oQtq.l .00 !i:1t4"-' aNon ~ p&~ ~ tM (~(lf AnOO nllAMOUI. ~- ~1I ,JI1..... Pl........ . 01' ~ .ooll ~ l~"" u. i~ h~-k1~r Day 6Mip.a.tR i.. .rid!'l, irt rtK4rtt\ly h!*itm..nb ot 0.. b-mtdred twoD.ty alxt'.it/100 {>oUan {.lJ6~" }. ~lna O~ UM!nt day of ,..b~t"1 ' ,It 63 r a>>d vll U\ft ~t day of tIIIlICil t8Ut\th th~_ Will' the pnfl('i~ &rod in~.re f~ ~ ~ that the tlnAl ,"')~t of 1M ",UI'tI i~~ ~ ~Y. if M't e.:X4W:1' ~id. ~l ~ doe !tAd P'~ on tho n~t dAY or J...,., , Hi 9' , If ,~!~ult he m* !1'\ th~ f"ll'f'ftt~nt :It Nl}' tnst.&i!miMit Uloaer lhi~ M~. ~ if .u.ctl d.l~t ~ not m~ fV'"~ pf'"ioc'f to th~ d\M dat.- (rC H:.. ,.,.-.t ilU;.'h jnJltAU~t., W lImlil"1! I1rln-:ir-i wm ...,a IM:nl.tt"it iflt~tt1\l l\h:all .t {~ ~ dw _ pt\Y~ Wtu."lVt 1Wtk'c! at the ~lOn 01 tr.. h~t of tbl.rl DO~. ,"ail;.!,.,. t.o ('u,.d~ this optitm ahan not OOOMtil.UU. . wtOHr of lh-e "fht W 4lun:tM lht; Pmtt i.l\ t.M ftwul c.f any ~1J~lwot defwh, In ~ twtlt of dehlWt in ~ ~yment 0 ttua~. a.OO if the ~ ~ cuH<<;u.d ~ M alt.,)nwy at lA.....th-" u~ lwl'P.f>r ...-~t!l) to p&.y a..U ~~ Qf coii-<<Uou. itlC,hKbllol.& ~~ a.U,u.mey'8 j~ l~n~t, ptOt.Mt, afid Mt1<'t! Ar'f.! hUi'by w"Ai vtl\:L ($12.90 'tate Do~llt&ry 't.-p. .ftixed t~ qrilta.l not. aQQ C "<3 ..11 e.d ) . ....l~_J_~_~~__~ ,__P~~l.~_ ._,___ i.!~1:l J&~ w~ 'lJ'Wlle _L___1dnliaa.ll._llYMl.c __ __. (SeAl) Lout.. K. Plyaale .- ~~,-. -~ -_..--. --------- - .-- ....~-,.._..............- ------...--. ---- And aha)) (h;iy. t.troml1tly, ~nd fully: perform, dl"du,rgt'. t'u~ut('. efT .",:t, if--"nrol~t~. .and {"'Oi11ply wilb AlU..! abide hy "'.a::'h AJi..1 ~n)' tJ,e t{ti~K.l~tj(;;11\. !Sgn?em~l1l-$, C{'ndlli~M, ~'l\i CQvel1AJ1l.s of wd pn'mij\.~)ry not.... a.nd of t.lH~ mcrt,.~> Olen tfW. f!lOrt{40.g'- 81ld Ow t'l!tt\t~ heret))' l'n'&~~ dwl ~lro.W At\d bo hull ~ \"Old. And th~ m,-'\t~,)r furtht'T COVl:nanta M lOUD.... is: L TIat hll ....m p.)" th~ ind~bt,=dn~. M h€l'f-Inhd,>y..., pr1wltied. Pdvl~!1:I ~l'Ij tQ r1QY the ;;kbtln ~~. Qf In An .,mount Pqu~l to one or n)Ur~ fH(>i\thly J!ttiymer.l" on the prirn~iP41 thAt Ar~ fli"Xt due on th~ .wt.;. on the fint dAY d an>' monlh pri,)!'" to mlHulity: l'nwirlf'(i, h(IW":lV~r. U\.At wrilkn nQUce of l\n illtMtitivf\ hI t'Xt'f'tW ~U<:'h pri\ilf'i" i4 gi.....n at 1t>!iI..'lt thirty (gO) d~ylS prior l<) J,>repikymt>tlt; A-ud. provi<k..,.j fiJrthn. that in ~ n~nt th~ t1E'bt is l'iflid in full \lri~;r to maturity and at that lim~ it i~ in&ur-ed under the ~)royi~ of th~ N..tknul H~lltinr Ad. he wi!! pay to the murt."f" IUl .oJu.Al..ocd premium rha.rJ':' or on~ ~r ~niwn (1 ')h) of th(' original pflf!cip.al amount th(,H'Df. uC'ept that in II<! ~~-tmt ahalllhe adjU1\t,xJ pN:rnium exceed tntt ~!"t',at4> lUtwunt of prf'mium ('hall~a whkh w<:>u1d ht.lve t.it.'t'1I ~)8Yll.hle if the mort- ....,-., M.d ('(}f1tinU'ttt tn bt. in!wrrd unt!! mf4tur1t)'; II\1!'h payment kl b.!- ..Pt~~ by Ul0 mcrt~ upon its <obligation to trri' Ff'dua.1 H()\l~ing (\lmtniuiDP,~,r on iIlXOlll'it of morti!~ Jnsura.nce... 2, ThAt, in onli!r oWn' tuBy to p.tl)ttr.l the ~(':('ur1ty of thl~ mortrl4.'9:'. the Int,tIK~(;r. h}~tht'y ~jlh. !!,lId. In 8ddlUoo ~(l. the n.wnthly .PBlYrn~ntA, ,ll!(h:t: th$ ~~rma of th: r!{.t~ M'l:::ured h"-!"fl'hy. on the fir-8t dAy 01 ~ roooU\ un tit tht lAid notf; L~ IjH;')~d, wl!A ilR)' l'J the mon~ the !olh"1wlng aUllU~ (aj An !Ur..c.unt l.uftkl..nl to prvv,dl' Uw hoMer hHt>l)t wit..~ funds to r.-y the nex.t liwdGr3f[l' InllUTiUH'e pNfl'liuIn if this II.lltnlfHt'nt nnd th~ nok s(>Cu!'(>() heau, Are (Mun"l, or a mont.hl,. chftl'S(e (in Iif.u of a :nortaag€ in_!!UnliC'l p:emlllm) jf trley art hdd by tlw :r{..iNf\\ Ht:\illlo}f CQ-tI\rnIMiof}('r. &I ((>!tOWt: (I) if aM "'0 k'-"'t f'J ~i:i r0<3t-: d ~'I-('tl ,:1At_~ u.4 Hu~ in,I!"'.iTN';,t 'H"(' li1iil'H~l or ano r...ij\'Nt~ iJ~r lh~ pro',ill,Uf;'; d Ih. Slllk~.~l H"\a:".r: Ad, a., Am'ZH,~ ~;;!f"'''l-,t l;J v~..H1'\u!l,'-~ ill th<,; i>..,;dll ot !~ h<,1d,...r O!"o.$ \ll m.o>Iltr. ~..,i"r to"! H~ d# ,sAt.. thoe li.Mt..d mo:.......!JC~ tJIII\H<lN>O pl'f'tl"J""", ii'! ~r to pruy~ e>xl'! hoMf.-T 'lOi'lth f ;Jr><u to pt'v Ruth f' f'OWl iMJ! w th", .'...\;&,....i H""'~lti€ C(.~r<imiM-..-r P~fW.S.~' t<l U,,; N al tC1W HO'Gltit\'" A(t, U li.!_-Jt'd. ..nd ~~,"H/C.h<" R~,,,.llitkhJlliH"T\\!,,,d...r; or ,11~ if s;f<d l!I<}'\;'Jr" Ui.11\4'ti.; ('.if rVffl JU.(l j,r:d thlll j:utl"<lro~nt t.i-<f ~Id :"1 tr,... F...~rai H,pU:lnj( C.omrniJi ~_(,.. !CMI;\tt.l~ "~;f,.rt<l ,11-: 1\= ~f Il m<'rl.tl~.. lr-,,,'HUl.(!!l r'~I\lTG') wh...h ","',t.P t... II) an !UTI""n! ~~l !D '>!".>: i....ltth n'!,) ;;,f 'me- halt (1*0) ~~r r..nUm of Iht' ."~r""<!l u\Jtaar..JH'f ~WllJlJ'l<<' ,hi4S uf; lht' !lC!U <<>ruV1l;~1 wjiiK>\>t t.P\$i-# lr.to &('('O'.wt Ml\fiq~tnd~ Gf prOf'ar-ta; (b) ^ ftUfn t1Q\iai t[l th~ f't'Ct!Uii! rent-'l. if any. n~x t du~ plu~ th~ {H--em\uma that win nt'"( t l)("Ci',"H' du~ and r~Y~~ nn pol~~ of !ire ...no othe-r hU1U'd lil'HJrAlH~e {'overing th~ nwrtlfRK(..d I'r\Jp,'rty. plus tsL(('~ and a4>Mu."nf'i\l.& next du~ on iht> morlgAged plO}."trty (al! aa e.z!Umat.,,1 by Hw 0101 tj{1\SI;l'(') h:SIl all Mml[/; tUN'.la.dr ~d thn1'(o; djyided by thf! number of m',!lthll to elapk' l;.('(~i('(! (m(' (Honth prior tQ th~ dt.te wh~n auch grnund ~nta, pft>miutn~. ts!);~. find ~!l,m~nL'\ will l)("'~l\~ delw(llwnt, E\uch 5>Jma to hi<J hdd by .W)rti1i.if-12 in trlat to ~w>y ~d ground fVUiA. i-'l'fJf'1h!IruI. tA~H',~. Md fl~~ial ~. mtmt!J; u.d (t) AU [J(.ym.(>n16 mt>ntk-ne,j II< Lt.€' tWIl prcchling alj~.~-'1iGn~ or tha para~rflph ~nd all p.o-"l)"- m{"oUJ to b-.... fl~8.i.lf' u~d:.r?h'! notx !~"(lHi'd h.... fe-by ahall. t~ il.{~d~ tlJgi:th<,.r ~tJd t.he a~t~'gdte a_mQYnt.. ttH-re,,,! !!hAfl (,., ptUd I,)' lh't i!"l{,rtgajNf l'"~h mr'tjth in (\ SUlgie Illtyment to boo' ^I-,phf-d by the ml)~t. Pft~ to the foHQ>!finf it>mt8 in th~ ordt'r Mt forth: {Ii r<t<m;l<-'i: ti)I>I.~ \;i~-">!Jr ;;.,,. (el1ll !!{i ()t In'J ,,,-,,{t w1th trnt r ~(",r61 HO'.J~"!i {'....-ml~n, ()' fw,n! hly t'hJu"'Z'''! {in ht'J t.t ~)r1-iffii~ tnt;"1r"'f~(,;' pr'?frduf;:,}, Ati tt-.~ C~~ fl1..I)'~; PI? l?r ItXln<1 ~t~. ~.lIU, ~~!,",~t.t~. tlr~. -,,!jo(l O\.N;1' i1~ni IMur~r;<<- ,"~.m!utn;t; 1m} _l'\,;!Nl r:m t~,-t n<-.~ ~,!'~l t,~r..hi, Jlnd in J II.rNJrtHAUiJt: (J~ tM f.'rint~a~ ct u.id lVi!"- Any- deflt'tm<:y m th~ M!1;'l.!!it ot l;'..Jch &~~teg~t~, filonU.ly paY'I1\(.nt ~hlJll. utlh'S~ 1H1l<!(' b'u<)d b;' tlH~ morttriigOT r.-r~r \(, ih~ d~ 11~t: of lt~'t.w':o.t lJ~!ch p~{'mH!I, c(!nstjtul~ It. r. "vP!ll .(..( ddlliJlt UlHi"'T t.hls lTH.JTt- g~, Th@ rnoft{4~t>t1 m~,' (vlt~t a'hHl:' >oIIAF~{l' rJl)t to ('<,cu'd t","(, i("nt.~ (Z!) (or f'lirn dollar (~l) j)( e~~h pu,yrnt'-nt ff1DJ'{t than fHt<<n \!rJ) ,hYi in AfH,HI1 t.c) ((lvn the {';r.trf\ ('xpt'ft~ lIiVO!Vf'{j In hAlldhol( d~inque:nt payr.Ae.r..t4 3. 'fhJlt if th~ tQ....al of Uw t>4\yrni'nla m~dc hi' th~ mot!.ihgor i_wd,'r (11) of f'MaKraph 2 j)n;>("(illng t'Jlidl *"t:~ thff lliloount vf ~)';,.~nt! &ct.u1\liy tnlHie hy th.' rnult,;a.t\(\.. for f(J'D'.lnd renL<\, tj\t~ _ni:! ~v<nH'f1U o ')