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HomeMy WebLinkAbout0026 ~~:.:1 ~ uVl~\\N ti. l ~ '.it~ 1 ~ 1 't ~f .u:.l 1 ~r~~ .u:.l .r.;c~• .i~ f. l~~~~i . 1~.~~w~•nt of I'rincip.?1 auJ Ir.trntl. 1'.,~:~~.•.;•~ •.h u! ~ •~..^.t~,ti, ~ r~~, ~:r , . ~ .,t_•:"' . tl~_ I~..:.:o''~~'.,1•_~. c~Il~Cr~t~~ f~" Lic ~.•:c ~LC i 111~~~~ a::.~ i(:' ! f1 t; •~r~• .~ii ttt i~: ' 'l~:.1 ..~_3 r~~,~). b:~tt . , . ~ y ! , , ~ ~ ~ ; • ~ ~ , i~n 3 a,~~,~: :1dti~nC~c .::it:ci b) t'.u: !11,~,t,~:,~:r. . Z. l~.11'l}~ furl:lY~~ :illl~ Ill~Uf:lIICN. tll~J~~tI l~~ :lU(lil~:tl~~t• llT 1.~ :1 ~~:liii~! :..tii ~'j !_.I~.f, i:..~~~J~.tiil ~~{..5~~ ~1.tY tr 1.~ ~ ~ ; t?~~: .!a} r~.~::t:~:r' i!„r::1!nt:;n~. ~~f pc~•i. ~.~i .~:~.f iir~_i~,t .+r.• ~ :}.il~ ir~.!_r t~~. u:.... ti~,tr ~..::,i i:~ (~t!1, ~ t . . ' . . . ~ , ~ ~~t~UGt~. iyu.t: f.~ t~. I C:~i 1 .,i i:' ~ j~. :~~1 ~.i•':~+ ttta'.~ ' ~:i~-. t~'.C. '~if~ ~I~~'!~" . .tqii ~;rui~r2d~r~n2; ('R Itit {'lU~i1-(j. !f :1~11, n~~•• 1~11C 111~i~1f:~ 1C:tf~) ~fi~ii! .I'1 !i'~..:i~I'1Cf~:? ~.`f ~~.tf.a!l~ L't~it'.t~1~:C. ~ljl~. ~'~:,'`:~~•:~!Ifl (~f }~:1[~~~ F`: `rnii~r:i ir,~talimrnt; fv: ~~:i~,it~:l,'C ltlC!i~:i7l.i 11 aily~, 1~.! ~ ~h~; t-~~l(;:.f'.~~ !c~~h:!'.~~ .~Ci~ ~tJ~II 111:1c• I~.~ l~'r:c i~\ ~.~'ll(IC( (.~Sl It!•: t!.iv~-O: 1~.:,v11:•:;t~ :1f:1! f~:~~~ .i,:~~ iC.t.~~ndl!iC C~l~iil.cti'. t~..C.i~:. '(i~: I~tlr,.i, ch71) hr hr;~{ :n :~n i;;~titt?ti:~n tiie cir~ ~~iih ~~r :i;:~~u;tt< <,f ~vhi~i~ src in,t:r_.? :~r ;~:~.u :n•~rS :f I~~U:;.,1 c~; ~t.~[~•:s~:n:~ (iurlu~linr l.ctt ~cr i: l.ivx)rr is such :~n is~,citutian)- 1::n~l~r tih.~il aE~,~l)~ 2::;: f;:c.'., t.~ l~?~ a::i:l t:~~:,~, ~::,,,ti~~~er.t., ~u.r*aa.r , rem:ums ati~l gn~un.d [en;~. l.~n~!er m:~} r~.~t rha~,:c [.~r ~u h;,1~1i~~~ an.l a~,i•2~~i~,; tt~: Fun~!~. :,nal;~~~. ..::.i :::.~~t:ut, or ~_.iite~~, :tn~ c.~tupiling.,iiu .i•.i~~;~nlcnfc:~c~ hitl~, t:nlc,; Lcr..irr p.~~~ li~,rrow<< intrr:,t i~~ tF.~ (~u°~i, :.n:i a(~ati,:t`.~Ie 1,•.v ~ r:tr.~i;, ! r~~f;:r tu ~n:il:C alult charge. iiorr.~~.vr~ :tu.t i.~si~ter rn;~~ :skrre iti t~ri!in~ l`;. lirne t~. ex:•,:uti~~n o( Ihis ~S~,t,;,:;;.: tt~:,t inlrr~~t !h~ i~iu~~ls sh:ill h~ F,:i,i t~.~ Rc~rro~vrr, ard un!e;; .it.l? :e:~t i, n~s~~ or :~~j~?i::tt,ia l.~.v • r~ui~~;~~ st:_h int.:r4st to ht p:~iJ, 1-e~;ae,- ~h:tll tto[ t e r~.luir~~t tu ~~:i~• F3c~rnn~er a~i} intcrr;t e.~rr.i;:~, the I~u~zds. [.c~~~cr sh::ll ~i~c to Bo~rower, ~~ithoi~i rfi~r,z, au annual accuwelin~; uf U?:: (=un.1ti .huwi~i~ cridit~ : nd dt~its to thA F~i:n:l; anct tnt pierE~: f.~r ~~hich ~ach d~bit h~ the (=und, ..a~ rr..~ct~. T'rtr f•anif~ :zr~ ~~lril,;td ac~ae?.litio~.~l >t~urit~~ t.~r the wm~ ,L~ur:•d h}' C~i, \1ot ]f th~ amount of the I~uncl~ hcld by Le:iJer, t~~r~th~r ~+ith th~ futur~ monthl~• ir.:t;~i~rn:n!~ of F~:n:i~ p_?~~ahlc ~riur tu i}l~ (;_:c l~:tl~~ Of (.SXCS. :IS~~Si1i:iO~i, If1SllldRl'L ~~fi•illitl(:li :tRl~ ffn!l11t~ ?CI1f'i. S~l.i~< <lCi~l~ :~l•J :'11•JU:It [L(~t:t{•.'i~ ItT ~:jt' ,.'il~ t:tCc•S, ::si~,snicuts, insu:~nce prrniiurrt, ac:d groun~ r.:~i. th~y du;-. ~i+.h c~~c:ti .b:~ll F~~. ;:t ii~,rr~~~~•_r'; o~;ii~n, eit~:er pro;n~t~~ reE?: ic! to I3orro~.er or crr~ite~l t~~ 13.~::~~:~~r on ~nuntlih i~i.t:~i6cnrtit: .~f Fued,. IS th~ ;::::,,~~~nt o~ th~ Funas held b~ i.c:~~ltr 3~a11 not L•e sufticient to pay tax~~, asS;s~men.:. imur.,:ur prcmit:r^; ;u:.+. krour.d rents as ti:e~• fa~l c~tcc, t3orc.,wrr ~h::;l pay t~ I_ender any amount nece»sn• to m:~i:e up the S:ti,:irn:y ~vithin 3f? ,!:t}s f:~~r.^. the dat= n~t:ce i~ ma:!ec! by ~~~.iec to t3a~rower requtsting p~yment thereof. L'f~o~ pa~•mant in full ~f all sums s~currd b}~ tnis ~tort~,.ig~. L~nser shall prornnt:}• c~l:ued to i3orrnuer .~ny Funds held h}~ I.ca.lcr. IF under p:~ra~raph lf hercof the Property ic ~o1d ur t}z,: PmpLrt~~ i> oth:n~~i,;: a:qui;~d hp [_rnser, Le~ider shall ap~?!y, r.o later than imr.~ediately prior ;o the ,at~ uf the Pr:•perty o~~~'~ts aeytti.iti;m b~: l.ender, any Fund. held by Lcrt~ier a,> it~e time of applicaiion a; a crcdit again,t tnr sumi s:ci:re~l by th~~ ~iori_;ao~. 3. Application of Pavmrnt~. Unle~s appli,atile Isw pmritl~s athenvi`e, a!I pa.•mems rer~i~ed b~ I.ender under the I~o~c ancl pir.~graphs 1 and 2 tzercof shall be appl~rct hy 1_cnder fint in pa}ment of amri::iU paysble to I.~nu;,r hy i3otrower ur.der Pararr;iph 2 hereof, thcn to iuterest pay~hie on the ;~o~e, then to the prin:ij :11 ot ti2z \ote, and thcn to int~rrst anJ ~rir..~p.~i o:z any Future Advances. 4. C!rarke~; I.iens. Ii,~rro~.er sir.:l! pay :~!1 t:~.~~., a.,~~sm~nts :~ncl uth.r chc:r; fine~ .:nd im, t~•it,~n~ at:ributable to th~ Yrop~rty ~~•hich may attain a p:ioriry over thi. ~Iortgage, :tnd lra..ehoid pa~•mcntc .,r ,~ro!:nd rents, i: any, in the ~:ianuer provi: ~,i un~ler paragraph 2 hereof or, if not p;,i~! ir~ such mau::~r, b~• Borro«<r rn:e:ing patr,~-r~+, ti.hen d~e, d:rec'?}' to thz ps: ee tlt:'[COf. Bo~iOwz~ ~~t:~tt p,-omptly furni~h tr• Len~t~r al~ n~ni~rs of :~mo~mts du~ uader tr:is para, r:ep~, a^d in IF~t e~~ent L'vrru;~tr shal) ~nai~e payn;ent directl}~. Ror:.~~er ~hsl! pcoinptly iurni~'i to Lcnder re~_~i,ti evidt~i.~n~ such p:,}ments. I3c::o•...r shall promptiy d:~ch.c:ge any~ licn ~.hic`? h:~; p~iority ov~~r t'~is ~lortga~s~: pru~~~~'.~ 1. th_,t $~,~r.~.vzr ~ha!! not bt r~.y ~ir=~d t.• di::harge :,ii~' su~h li;;a so ton~ as l;orr~«er shall c,grLe in ~~riimg tn iize p:~; mrr:t of t!~~ c~btieatio~ cecured by ~u~h [i~n in a rnc~nner accep:ib~r t~ Lcnder, or sha?i in g~od f.:ith cunt~~t ~uch lic•n hy, oj .l~fee~ enforct.-nent ~f such lien in, leg;,l ~~~vc•_~dings which uptratc: to przvent thr rnfu~.rment oF th~ I~e~ or forfe~h~r~ of the Pro~rt}• or any p3rt thereof. 5. fEazard Insurance. Borrower shall keep t~e inipro~~emen!, r.ow e~isting on c~rt:,fter rrccted on the Property imurrd , abainst lu~, b~ fire, hazards inclu~3e~ within the t:sm "c~trndL~i cr~rra~e", and ~ueh ot}:er haza;ds as I_e~dr; rnly rcquirC a::cl iii s~i~h antounts anJ Cor yu~i~ ~~rrioci, as I.~si~uer may r~yuir~; rr~~:icied, that l.en.trr ,hail not rey~:ire ~~at Ihe ::mount of ' su:~ c~~~c,;;•e exceed tha[ nrno?int o( co~er.=::e rcai.i:.d to p.i}~ t!~e ,~!n?; ~ecured b}' ihis titor'~~a,e "I~he ir.surance carrier p:oviding the insi:rance ~.ha;l t;~ chven by I~orro«er suhj:ct lo ;~pproval hti• I.ender; provided, t•.~a~ 5~:,?• a; ~-ova1 shaii nat b; irnrea~.~nably ~si:tihr!d. A!I ,~r~mi~~m; nn imurance p,~~c;e; ctiali ~e ~::ici in thr rnaneer pro-,•~~~e~ ,:r::ler Faragraph 2 hercuf vr, if not p:+id in .u~h manr,rr, b~• R~.rro~ver rnai:ing pa}~-ner.t, :~•hen ~Le, clirectl~~ to the ~ I?:>tli "i^i: C:i(: tc;~. Al~ :n,uranc~ policie~ and ~enruah there~.f ~naii he in fonn ac.Lpta5lr io l.enJer a^d snal: include a ctrxiard moit~age cta~»~ in f~~~t~~ c~f and in fonn ::~_eptahle to Lez:;e.r. I ~t~de~ sh:~ll h~~r the rig!:t tu h.~ld tF.c p~li:its a~.; rtac~~ate thtreuf, an ~ Bv;r~~~.e: stu~li ptomptiy furnish to Lrndtr .:~i r~,~r~tial i~otixs an.1 ~iil R~CI~IS UF p37~ Fif2Ii3H~lili !z the e~ent ~i ]oss, }lorr<•u~: .;::,lE gi4'e prompi nutic~ to Ihe in~ur~~~ce: ca;ri~r an.l I_e~d;r. Lendrr r.u~~• male pr~~~f of loss if r~ot r.zade prompNy t~y~ t5orro~.~e.-. - - L;ntess i.cnder and Borrowrr otherwisr a~ree in ~~riting, imurance prckceds shall b~ spDlied to restoration or rep~ir of th: Pro;•rrty ~tamafie~, pmv:tl~,i ,uch rritu,ats,>:~ or ~~~air is C.;Ul7URl1~dII}' fC1Si~~t a+~d t~e secUrity of thi, tS~rtg~ge is ' Pc~! iliC~i:b~ imF~aired. If )i:iFt f~~:VI.~i1~~A Of Itji~yl G Il~?! cCOnvltli~:tli~• f~dSih~~ ~~f if the s~curitv oE this ~itlfiL;3~z ~YC~U~d ~ h„ jrr~ ;•f~-,!_ tli~ instarance pTC>.;ee~t, ~hall bz ag; :i:;! t~~ the sums ~e~ureJ h~ thi: titor;~;~ze, u•i?h the e~cess, if any, paiJ tu lic~rr;r.•,~r. If the Pro~rrty is :1k:anJonr~1 h}~ (inrr:~u•cr, or it I:~~rro:~er faih t~ rc,p~~n~i to l.cndec within 3[/ day~i from tt~e da;;• nrei:e i•. ?n,u!eS b}' Le, drr ic~ Borrowrr th ~t tii~ iii,ar:~nre c::rrirr ofter; tv Scttie r!~. ,t :or i:~,ursnce ~:etief ts, l.en~lzr ~ d::f':.~:~.':4 ~O~~CC~ :lJl[~ "_~~i'7t;- ~}1C 1ll~iJiil::.t l~T::l':CU) :tT (.CE1'~l'( ~~~f1(:11T1 l'1:~]tC IU f~:i'~.i tI:OR OE i2}^=:i: Of liir Pr.ti~rtY i cr t~~ :itc ~!:i:~s ~~cured by [hi~ lfort33~C. ~ Unt.:s: l.eE~~{.r :~nd f3or.u~~rr othen~i,e . grrr it~ writing, .~r~y ~uch applic:.tion i~f p~~ ~~.;~1; t~ prir<:ipal sh~ll not ettend E or p.~~i~~~n:: ti~e due date o( thr nu~nthly imsuilments ;cfcrred tu in r,r:,graph, 1:,~~.1 '~rrre~f or ch:~n, t tl~e amnunt of c.:ct+ ~~~,.::iin::;~ts. li und~r par.~•.,r.:j~h !5 hereof s}~e f'tork:rty i•, ~cy•itr~a! b) f.en.l;~:, ai; F~,;;t, tiC= ~l ir.Eerr~t of li;~rruwet . J'1 ::C~~ Il) 7'1`. I[!~"iill:l:;f; (h~tli{:~ `lllt~ 1(1 :Utl~ tJ :}1~ FiV:CtuS L~7::ft<~t ~.~i1~hR~ ~T~II't ~~dRl:t~C [O I•'1C ~~TO~ Zf(\ ~lif0~ tJ S[12 1:1~~ l• ~ . n:!)1 t;~ ~L'f 1!~ ~f]~ C'.~l'!e~ tt;,• ~.t~l:l'. fC~~ f:~~ t ~ ~r~ ~ ~ ~ r ~1. ~ - - hi, ;i _ . .:~~~1~. ~nch . nr . :,.{::i>;r~~n. 6. Yrr,~r:..rii+r+ aud .':I:~illfrn3~laP i~f Pr~,j~r•?tt; l.ca.r;~~~til,; ( nndn~niuiun~~, ]'I~:uied L~:iit Uerrl~~pmrnts. Itirro~cr: ~~T1~j i...J•l . . j'~i -i:f~ til `ii . .ti( :ihs Cli ~~i S?'. i~~ :ITIt! ...t~, . ~.~1 rmit ~:r T~? i ° ~ ~'i Y • i•,:;~ ~ ' " ' s t~. :r~~,nt r c.~_ ..,ion ~ . th,, i r. _:i .sil:~ l'~.~.~s'.~ ~~1~F1 I~lc (1.'O'.!.".Uf;~ .tfl'J ~~.li: !t lilt, ~~~~~TI,~:i; C Iti u;l :S ~C: ~iEl~~~~:. ll . 1~(~it'_'[!.~C li OII llft~t I~l :1 Ci~. ~.~.~......~~i 1~. a pl.ir.n.l~ l,:l:° C~~~~L'i:l~tfiit'(li, ~:ti1f~~.i:i `~l:i~~ '(~~f!!1 .i~~ Of ~iJi(~~t~C.'S (~~i' :IitOfli + ~ - i..~ ( t~t:- C~cC.7(.ttti~R r~tti err:~tinc or ~;c~rcr;+~t;,~ ihe cc~n~l:~tn~r=:tr,.~ ~r ~l::r~:t•~1 !:~iil d:vrl,~, :it~~~t, th: b~ 1a.~. a!i:: r~ •u~,itirn; of tht . ' . . F'~. ...~i~ ~•..7t . . ~:tr,.. . , , ~ , ~t . ~t i 7. -.i. . .Jti• i'~' OE_.. ~ ~ . ~';~l~a•l..nr,: ~.l ri~!~.~ e~.c,:ti'.rtl b}' I:orrun~r ::~o:i re.or.!_~1 ;e~,c!F,cr ~eith thi; .'.l~~t[,~:e~te. (ii~ c~~•.rr ,r.t, :~r.~ r•.•e:ttrr~i. of ,~3ch~ ri~er ~h.:1.1 h=~ ir:•',~;p;~:.ifed into ;~:.111 :~m,nd :~rtii ,u~~,t'•:t?~c;ii tFi~ c~.e~~:~nh an;: :e~;~en„n?s c~f ti:i, ~inri ~3t~ t~i if ti~e ri:l-•t ~._~..c i: •ti f:; ~Cil~. . . 7. f'r.•; •itit~~i uf Lc;idei; i,rcurit . f h. cc ~ - - Y. li 1; .i~;, i; j~,rfv;r ! r:ie.•;~ :~;?J :,~~r~ernr,ts ~.~nt~:r~:d ~ri tnt: r.?~,.~ . it ..::y ...i~. u~ E•~~~:.:r::;n, n. .;~;~i;n_~J ~:!~:.h m:~t~ri.~l~y , 1.~~.'•:, , int~_~:.t in t:`. 1'r.~}.r:t~', IP..3'~ ~):~i L~~: ~1:f1:~C11 11~. l'fiilit-'fl( (3U'tl:~ili. 1~.., i'.~l?'~~'. 1~~1~~. l'll~: I~i::{I?,'ll(, fli :IiC.i: 'ci'~ t .C,~:• . i~ - ! - . ~ ..C.:• ,f .`t~.'' l::':O~t;(1~; 3 ..I1~. ~ \ tilCltC~2t, ~~.~:il j.~ :<JL'f .Fi :~[t..C ~ii=rr.ns~•r J~l.:~- ~;1'~ ~ ~ ~ . • 1_u~:le ~ t•; t:+;;,rt r ~ , :t ~ e:cr.:n~_~,'~ i.htt[s~ ~;~.Is ~~t:~.. ....c° i..':. .~t~ ~ . . ~ ' ' - .:h :i_~i~, .i, iti u°_:~,~- ~ry i~~ •t~•'t 1 _ :.,~c ~ i:~t~~~r~ iu~iii•.1. h.. , 1~...,,,:~1 . . c?.:~i~ttnetar_n' t~i f~.' . . rtl'. > fCCi .:I".t~ Ct:il i' ;i~~, t~.. :t~ t~i h ` . ~ i . - , t: ~ .ir• _ If 1 cr .1_ , . f,., i;, ti::~~ rr .i• ,t 1~~... . . 1...~::~~ IC_ ~-...'t ~'--:i:c~ It, i:,:i ~t. ,t,c•. ~i~~.i~ ii.e.: (-~U'~.~~: . ~'S .:t,i:ti't,.. e~.t:il • ~ • i: . •lt t.•itil ,ti.f! . , t~'_ . ~ _ . :i. ~t~. . .f' . . . t~ •i .•1 . _i:.J:.__ , ~:_ri:. . . 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