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HomeMy WebLinkAbout1367 ;' ~ &Y t 54 i"~ f)f} ~ --, . lot. -- ..., ..~ ')1, \tCi ["':l.~n, rl~, Yt;c VAJ.l~ bc&fvaJ~ the ~ pr<IIbu.{A) W pe.,y to ArlOO n.~l.&J.. ~(II ,'. ~ ~twt ad ~ utrtWr the ....-t: fItI 0.1...."' , << t'rder, the priJldpai -- of n.... thou'" ..... 'nlVlf'1"tlt . 110/1(10--- Dotban.' 11.1oe~OO ). wtth in\4mtSthomdateattM~of ti.. . ...-.......r pet'.....t.. (S..l/tot "') pm anbum 0'* the I.i~ blWmce untO paid. ".. .aid prlacq.! aJ.ld lti~ ehan .... ~ at the ~ of 4TIOG JI1I~ A (JO'U(IU.ft. if! ~_, nortD 1 Of" at ~ otMr pi.ilCIt .. th~ hohJer nay ~~ in writinr.ln monthly ~u o! aixtf'!.ur. 70/100 HollAn <$ 64.10 ), C(lIfftJMiXiq 00 the ftntt day 01 Ma.rch " ~9 63, And Q(\ 1."Ht t\nl ~ of ~ ....th tn~r until tht' pt>locipal ~i inwrMt AnI tufty paJcl ftC!Ipt ~t.ae ftMi tl*.~nt uf thf' mHnt iJ:tdtllbtedMl!ii$ fl~ hem)', if oo:t aoottc'i' paid, I.baJt bt d~ aJld 1*lahk un the fin! day vf l'.bru.ary . 1993 . H' t:k>t~t be madIt w \he prayn*li v! any in~tallment ~ tAi. lWtIf., u.d if ~ debok ia ..t ~ p,vj vnor to ~ ch.wl date of th-~ lMixt "uch iMW1mImt, th~ "nUn: prindpe.l .u.am And ~ int-l"""t Ilh.&rl ~t ~ ~ 0. cod ~al*' 'lIfn~t ~tk" At lh. optioo vt~ ~f' of uu.. aote. ..'~ ~ c!;leffiM thLo ~ &h.aU DOt <<lMtiwk a waJwr of the rt.pt to uerci.8t Utt\ aame in u.. ~t Qt lllU' e.uJ.w.,q~'ent detlWh. In tM "'"t q/ ~fA1l1t in ~ ~~nt t..t \.tu. 00". anC if i.hcl ~ L. M~~ t.,.J ~ ..U."::"~7 at law,JIM! u~~)' AfT" (a) to p&,.v All coe.t.t vi ~Uo.n. indUdiq.a ~~ attomfJ'. tea. l~ntmeat.. ~, &l\fj MtJ~~ At\' hercll;.-' waJ..td. ($11,10 Stat. Doeu.ea~.ry St.-pa .ftixed t~ oriainal net. and f}anc.ll~. ) ,.__~l.~~. M..rvip_~1-.__~_iS._.l L J &IN. Ma 1""V 1 n J).a y _ " _~. ,4~ ~_. ...__.....___._______~_ - ~---_.- . -._..-~.- ~ -.--~_..'-......... ,~l_~.~~;-:.~ C\,!.~_.!'.:--.-p.y _ __,__ ___< S_~~~). Patr-ieia P. o.y ~-,.---_._- -_.~--...--_.. ..-_..._-----~.......---- ------ .--.-.-.- And 8lWl d~11, proatvtly, and i'~lly pi:'rf"IW. dlJiCh.a;;w;o, ~:X<<\lll5, efhd, wmpkl(:. Md romt-.ly with lWd &hId" by: ~a.th and ev~ri the 6~ipu~ti,-'nll, i\gr~~mc;'nt$. cOOi.!it:ljn~. amd c.o-.'Hl&ntlf ,,~! u.W !.)rx....nl&&<H).. Mttl.-. ~ of HlIiJ IlYJr~. lhtlu thaI fiil)rtgl"t" 1\11<1 the t:i\t.al.-' line!.)" cr~""too ahan C~~ Md be- Ilull &f!(l vc~..t Art<! th~~r further CO...."T..t.flt.f; M tdlo"''': 1. That M ..m plt.y lht' li1dt'bt~nt'u. :Lo, h~'reltlbt>!(lrY pruvide.:l f"riyi~ ~ ~ tt) p-1l.y the ckht tn ",h.M, or in An a,mQuot ~~U&l k, on~ or more nwnthl) paymt'HtA \in the p,rincip..J that &,re n.f',d du,;~ on ~ 1lOtt', on the ftr.t da) of artY month priM it, maturity: Provided, t.<l'll'eVer. U'..aJ. wriU.f'll not~ of ~n inwntion tL: Uf!f't~ tlUCh pn....ill"jit' l, i{iHtl .!It It'-ut thirty (30; dAy. firi';r to ~~t; jUiti, pt'wiJ<<i rurthn, th..t in ~ iI!Wn\ tht' d~bt II! pAM in Cdl pti:)r to lnllturily aM at th.t Urr..e it il! ildUr,-",l lJudn th~ pro~ of the N&ti.onal Housini Ad, he will ~'loliIy to lh" rn<)rtiq~ An a.dj~t~d pn!!l'tliQ.m d'l.ul["@ of one pet' <<ntum (1 ~) uf the crigil1&1 prlllupal amount thi'H'Of, t'll.ct'pt that in Qi) f!\'t"nt idWi the adju'l1>d p~hJ1n u("~ the ~~gl\t~ AI1K"-:,r;t of prt'\1l1um (hlU~t't which would ~.\'e ~n P'Aya.btu if the mo~-' I~ hJ:t,d f'OntiiluM to ~~ IMUr('\! unUl maturity; iiu.<:h J;tAymtnllo t~ ~led hy the P.J.(~ '4lOfl It!> oo.ig;&lioo tn \he f"~r1Ll Hou~i"i C~~"nllllMIOiil:r Oil t\<~<Q\.lnt of mOr~Alr() jn.a.ur..rn:",e. 2. That, lu (..~' rn.on: fully to prt>tt'<t lh,~ a-t.ccrity of "hill tw)rtg~. the mg.r1Kl\gor, tor-lhH with, urd in ad4iUoo to. th(l nwnthiy paYI1~nt~ undN the {",rem of the note ~urod h~y. (In the finl d...y of Mo7h month untH tht'! wd not(' i~ fuil)' rrA!.1. ~II! p~y to tht> i1\QrtgilgN' the foUQ1!i."l1' IIWUU: (li) An a.ll..ount &ufficit~~l tn' p!'Ovid,: tht> holder hHt'O{ WiVi fUIl<'ls to pay ~ n!'l~ mortpg'(' lns.ur.!lil(~ pffJnium it til18 lrutrurni'l1t find the not... Ae<ua-J 1>HdJY an.' ir\AurNl, or It monthly dUlrJre (in !it'U of ,. mortpgt' iniHIf1\fiU pnmium) if th~y M'~ held by tM Ft>d~r>>l HooAirl.1f (''(:offimiMloner, u fl)liQ';V~: (I) It ~~ !In lo"l,a uid l\<..t. o.t ~.ffi d..~~ am1 Vl;~ Inslr,J!f""""t eN lMl>ir<<f en a~ ~'Na;s~ w;.-kr W ~i~ e,f liw Nlli'(.r,~! UNa;". Ad. a;, ..,~:<.-..ul'~ iur.\;ti>t!\$ l,") lJl.<<'-"I.;.ol.;O..t..e in ~bt h....'l'h: <:11 U~ ~r ortl!;, (I) ~th ~' riot \.;) iu ,1~ d~\~ the ~~;;""..1 r~~t~~ ll\ll'.I,:r".... ~~~!\lro, \J\ o~r t,) lim..~aut'r. ~t "'ltr, tQ....~.1,o 141 1I~ yn!M/\l;'>\ I') th3 . ~lI.l HC''Au,.,g C(,,!l\t:IO&lI~t p.utWi/.lWl,to It... Nllll<~&J H~nx A,t, u .rr~t>-1, -.n,j ~'l~TII~.~'" R~iriJj..\,OI". tM~'J:-,<kr: M (11) If...."lod l\L.ltY-"'tl &.1 ~.~id no~p. of !"'i''' ,1~1.;! .",j It.l~ "..lrumrhl ;H.., N-~,l ~:! U... e.'wI.l BrA~j"g C"tl".,.,i" ~T," mor,I..-,l'l:h&t'{"" ia, hi''.! of k mct~~ lhi"tH.\->e!' j1t-..n!~,,"; ..~"d\ ~~JI t>E 11\ &tl ~-n."""'''\ lI!<l-.aJ t..:J (>{",~wf-Hv, I\h l of (;f't>-I>~.lf {1.\) ~r t'O'r;1."n d th~ f.'"C>r~ o'olUlt&adift.J blI~ .tw. ~ UU! ~ ~'p\lt~ ..itl\.{,,,t l~ii'l' tnto ."'('(JVr.t d~iilVj'~I'" 0.. p~r-:t>offiL1; (0) A s-um ~l!JJlI tli tht> Kl\")Wnd t.H\t~. if any, D~xt dur:, vl\l~ ~ne pn'fr1iUrrH~ th.,t wili next t.~oow. d\J~' ,,-nd p&;o.hltJ '-If"l f'oHd~ of fir" l\rId (,th('T h~J"ard il\lIUril,J)('>: (tw..rinjf thf.' I'flnrtratOO puper1y. ph.!Jl laAt'~ r\lid 8.P~utnt"nt3 fwxt due on th€, rnong3tf(,d l'fOroi'rty (:ill ~ ('3Ur;11lt~ hy the frIiHtg-aI{i:'i!) ki\l\ all !Vnl.$ il1f~~i, pcd theid'Jr divldt-.i by thf! i1!jOlt..:f of rnunth& t(J d&r~ bdoo.' one month pri'..r tc the datt! wt-~n 6UCh grV'"mJ reti~, prerniunla. t~,'~$, And &...~e!J>.nwnt.'\ will b<<OlM ~li{){l~.nt. IHKn ~llITl& w ~ held hy 1"ll{)l'tg-llI"ff' in I.n.:at 1..9 r...ay uid ,Tvun<l nmli, pf~flliU!n.t" Lu:~ Afld $~JAi ~~, men 1.4; &rid (C) AU ~~Yi1~nta rnenU'HH:d in Hi<' two j)h'Yt-dwg llltJatdiotlA uf thi~ r'ata.grapt, ~!\J aU ~. tn("nt<, to he m.Q,dro under Uk r'J}t~ M~'Jrt:d herd)): fhl-.ll b~ w.ldi'"d lq(ctht'l j!.n;! the A~fil:(\"1.t~ AlrlfAmt th-ttf-oof ah811 l~ {aid by th~ rl!Ortg~11";')f f'tKn n1;:;nth !a a !linilk~ p&)'mcnl l,) tJt' MJt">lloo flY th~ mort- ~ t1) U-~ !oUowinJ it€>rt!a ir, th~ order M't forth: (I) v~lam cl-..Ar~ ~n.1e:,t~'" C~f't!vt 'if ir,el,JnU1N~ otj\h ,tht. Ff'lkrlfJ H,y-",.~". C-':.tr.mi.~l<"ur,,,~ rMnthl"f ~'A1r {F"i h~i.! ~:: iT:tt~-fi.~~~~ i:-'-2';:;~'.~~ F\~;:'~~!;1;. M !.~,€ <!:~~ ~J--~f b,,-; (Il! ~f'lXt~ r~ti,.lu:.., ~j,R~~h,.f\n. Arcd ~,!h~r ~,llunl ir,~:'H''',.o;. S't<"mlofNl, (Ill Ir;tu-srt C;f, th"f' !VA~ L,"<l,l!~i :-",,,hl'; .11~ {H ~~t~ 9t H.... pTiI'.clS'-' ~t ui.,! 1'\<.>\., Any Gi'lkit'nt:}' in Ul~ lUrl!"lunt of lu(h ~g2"r~~t~ monthly p~./rntnt ,hAll. nnlt$:\ mw llx-.d hy th(> mOr'"ga,rii'r Pf}Qf.i.il tho) d.u~ dlll{', of thi; n.t:d 5udi p~lr-rH'nt, (<m1tUtut{, i!.n e"'t.'~nt of df'fau!t undt1! L~i8f1)('f"t- lICa~- 11.e m{)r-tl~ fIUl.)' CfJli<<l A "lit>' chAri''' not te. {>)(tN,d two {('nt.(l (U) f(,y ~JK:h dd14r U t) (;t{ Udl p<l}rrlt'ot more u.~ r.r~ (1n) dlyt in Arf<tHll to c!)\'er HII' e:dra ~jI{pt'nb15 in..oJv~j In handling (If-I I iHlU('j; l ~"lt.y~~!.Jt, 3. 'fh&t if tlit! tot.1 of th.-!l V~)'f(H'nt~ m~(h: bi the lHQrt~pli",)r !ll\(h'f (b) .If parq-rs..,I. 2 Pff,<:t,-..jiuf{ Ii-hit!l e\;;"'~ lh... UO{'Uf1t of P<l1menu aduaJl:>, ml<dt! b)" t!le ;nortp;gt"", f!Jr ~loljnd nor-h. b"~ f;nd ~->-,,~tA ( .~ _-ii' ) -