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HomeMy WebLinkAbout0106 ' I _ Ih.~t. ui.~~Jri ~u~~~r lul{~ t~~ p~u~c.l ~hr .r~un~~ ..t th~. ni~u~~.~t. Ihr iu~~~1}~.~~~~i ~~~_rlhr~ ~~~11~ .~uJ in .~~1.tu~~~n li~.- m~~nlhl~ mr~~1• i ~inJr~ !h~' Iri iti. ~~1 Ihr n,~lc ~c. uir~l hrirh~ .~n Ihr lt~.l .i.~~ ~~1 h u~„~~11~ uultl tlir •.~ul ~:nlc i. luil~ p.~i~i ~ull p.~~ 1~~ thi m~~~It.~~cc Ihr t~~U~~N tlfi ~11'I1. ~ \n.~in~~uu1 .u~ii.~~n~ ~r,,.~,f.• u~c n,~ie~•~ hr~r~~l ~~i~h Iui~J. liir rr~t n~~~~~}•.~c~ in~ui.~n..• {urmiuin N tlu• ~n.~tumrnl .~n~l fh. u~yr .c.iui•J hriri~~ .u~' ~u.uii.l ~~i ui„i~lhl~ ~h.~~_c ~in li.u ul ~~i„ii~,~~r in.u~.~n.c p~rm~~im~ if thr~ .ur F~a•Id h~ 1hc \r.rcl.~i~ ~~t Il.~u.~n~.~nd l ~I~.~n Ik~rl~~pmrnt.~.I~~IIu~~. ~I~ It .~nJ I~~n~ ..~i~l nolr u1 r~rn.L~lr.~nd ~hi~ ~n.inm~rul .~ir in.ui:J ~~r .~~r ~rm.n~rd tui~tri Ihc ptu~~.~un..~t Ihr \.~u~,i~ ~I II.•u.~nL \il..~n.~rouunt .uth.irnt t~~.~.~u~nul.~ir m Ih~• h.uiJ. ut thi h,~l.lri un~ ~ I~ n~omh pru~r w~~. ~lur ~I.~la Ihr .~unu.~l m~n~ ~.~Lr m.ui.en.r prrmium. in uiJri t~~ pi~~~~.lr .u.h h..lUri ~.i~h lun.h p.~~ .uih p~rm~um ~hr tir.~cL~n ~~f Iluu.~n~: ;~nJ l ih.~n Ih~~rlapmr~~i putw.uu I.~Ihr \.di.~n.~l Il~~u•int \.I..~..unrn~kJ .uiJ.ipphc.~hir ItrcuLnwn.IhrirunJrr. nt ~11~ It .mJ..~ I~~n~.~. .:uJ notr ul ~•~rn ~Ia~r.~nJ tM. ui.u~imrn~ :~rr hrl~i h~ rtic 1r.~rlan Iluu.in~ .~nJ l rh.m 11r~rl~~pmr~~1 m.~nlhi~ :h.u~r un I~ru ~~t marl~.~~r in.ur.~nrr p~rnnum! ~hi.h .h.~l~ hr ~n .,n .~un~unt ryu.J t~~ uor I~~rl(~h 1 I i_'i u( ~~nr-h.~i( 1 I`~ prt :enl~un 1hr a~r~e~a• ~~ut.t.~nJinL h.~L~ni~• .hir ~~n ihc n~~1a• .~nnp~i~~J ~~uh~~u1 t.~A~n~ inl~~ .~:cuunt Jrhnyurnu~~ .~r p~rp.i~ mciu.. ~hi ~.uni ryua) tu ~hr L~.~un~t ~rn1.. if .~n~. nr~t .lur. plu. Ihr ~~rin~um. Ih.~l ~~~il nr~1 I~r~~mr Jur .~n~l ~~.~~.~hl~• ~~n puli.~r. ut Inr .u~d ~~tlir~ h.~i.~r~l in.ur.u~rr:~~~rnn~ ~h~~ ~u~~~ILacrJ ~~r~.~~~~. ~n„ I.~~r~ .~n~! .~..r..mrnt, na~1 Jur ~~n Ihr mu~t~.~~.d prupr~~t ~.~li ,n r,li m.~~r.t h~ Iha murt~:~crr? tr.. .~II .um. ,~hr.~.l~ p.u~i ihri.l~~r di~ iJrd h~ tlir numhci m~~uth.1~~ rl.~p.r n~~r„<<~ ~,~„~~?n ih~ Jelr ~~hrn .u:h ~ruun~l rrn1.. p~rm~uni.. t.i~~.. .~nd .~..a,.mrn1. ~~ill hri~~mc~u~yurnl. .u~h wm. tu h~ htW h~ murtc.~~rr m tru.t t~~ p.~~ ..ud ~i~~un.l rriu.. prrnuum.. Ia~r.. .~nd yc~ ~.d .~..i..m~ nl.. :mJ ~ \II pe~ mrnl~ ntrnl~.~nrJ ~n ih~ 1~~.. p~~c.•.lin~ .uln~ i n~~n...f Ihi. p.~~.~ir.~ph .:nd .JI p.~~ mrnt. t~• hr ne.~.lr un.irt Ihr u~~tr .r. urrJ hrre - 1~~ .h:d) (n ,u1Jrd t~~ta•Ih~r ;~nJ Ihc :~~~:~r~air ,un~~uul Ihrr..~f .h:Jl Ik p.ud h~ ihr nwrl~:e~~~r r.n h nnmlh in .~n~l~ pe~ mrnt h~ .~p. plicd 1•\ Ihr nu~rli.~~cr lu Ihr f.dl~~~~ in~ ~Irm. ~n Ihr ~~rJrt ~r~~4+t~IPh ~1~ p~rm~um:h.uLr. un~irr ~hr.~mtr.~:t uf in.ur.~n:r Uuh thr 1r:rr~.~n ~~f N~~u.in~ .~nd l rh:m Ik~rl~~pmrnt u~ mrmhl~ ih.~~Lr un hru mui~~.~ir ~n.ut.~ni~ prrmu~nu. a. th~ ..nr m.~~ tn: ill~ Lruun~l rcni.. le~~..:~..r..mrnt.. Iiri..mJ~~thrr hei.~rJ ~n.ur.~n•~r pirmwm.. illl intr~r.t un thr nutr.r:ur~J hrr~h~..~nJ ?.~nn,rur.diun uf thr pnn:~pal .:uJ n~.Ir ~Irti:~rn: ~ m thr ,~m~~unt al .u:h at~rr~::dr munihh p.i~ mrm .h:di. unir,. m.~dr ::~.~~J h} Ih~ murtc.~~ut prn~r tu Iht ~ur J:~tr uf Ihc nt~t •u~h pa~manl.:un.ututr.in ~~rnl ut drL~uit uuJ~r thi. mu~tt.~~t Iht tOafli:~LC~ r~e~ ~ull~.t ~'i.~~r:h.u~r~ not t~. ~~:rrJ t~~~~:rnh iur r.s:h J~~II.u i~l ~~~f r.~rh m~~u mur~ Ih:~n ldtrrn i I{1 d.n . in :utrar. tu iu~rr thr c~tr:+ r~prn.r ~m~~h rJ in h.~n~6nL J~linyu~m pa~ mcn1. • 1 h.~t ~f Ih~ t~N.J ~,f Ih~ p.~~ mrn1. m.~d~ M ihr mu~ I~:+c~v unJ~r 1 M uf pet.~~~.~ph ' prr:rdint .h.Jl r~.~rJ thr am~uin~ ~~f ihr p.~> mri:t, .~:tu,~ih m.~dr h~ ~hr m~~rt~.~icr. I~,r Ln~unJ r~n1.. ~a~r..~nd a..r••mrnl, os~d ~o.uranc~ prrm~um. thr :.~.r ma~ Fk. .u.h rur.. i[ thr~ loan i. ~•~:rc~•at. .~t ~h~• uptiun u( ~h~• m~~rlTa_ur. .h.ill. b~• i•n•dit~•d uri .nL~~~qu~~nt pa~m~•nt. lu i~~ mad~~ Lc th~• m~~rtKaKor. ur rrfunded to th~ mnrtR:~K:~r. IL h~~~.e•v~r. ~h~~ moothlv p.~v~n~~nt. in:~di• bv th~• ~~~ort{;:~p;or und~r {e) n( para~r.~ph pmrcdin~ tihall not b~• wffi~i~•nt tr~ ~ p.~y ,ruun~i mnt~. ~as~•. and :~~.~..mc~nt. and insuran~•i• premiuin., .i~ th~- ~n:~~~ bo. t.h~•u thc .am~~ .hall b~•~ om~ du~ an~l pa~•- aLl~•. ~h~n th~- mur~~:~,ur .h.+ll p.~~ tu th~~ mort~a~;~•~ any .imnunt n~•~•i•~~.~n tu n~.~k~ up th~ d~[i~irn~v. on or L~forc• th~ d.~t~~ ~hen pa~•mi~nt of w~•h ~tnnnd n-nt., t.i~r~. .~..~•s.me•nt.. or iuwran~-~• pn~minm- ~hal! h~~ du~•. If at :~n~' tim~• th~ mortFaeor ~rall trndgr ~o th~ murt,:~~:~r in :~~•~~ord.+~,•~• „i~h ih~~ provi~ion. uf th~ nntr .~•~•un•d h~~r~•bv. (ull p~.m~•nt uf ~h~ ~-ntirr indehtedn~s• re~r~~s~•et~ ~•~I th~•r~h~~, thc~ mntt;:e~e~• .h.ill. in ~ ~~~uputinR thc- amuunt u( .uch ind~hti•dn~~... ~•r~dit to ~h~~ a~•~-ount the mort~aR~r al) p~cmi•nta:. ni.~d~~ +in~l~•r th~• pm~ ision. o( (e) u( ~mr.~~raph h~•n•o( ~.~hi~•h th~ m~~rt~.~~~•~• h.~• not bc~•~~me ~~bliKat~•~! to p:~r to th~ 6e~ r~tary oi 1l~~u.in¢ and I rb:m U~~vrlupmont :+nd any haLmi•r n•mainin;; in th~ fund. :~~•~~unu~l:~t~•d und~r thc• provi~ion. of (n~ n( c:aid , ~~.u:~~raph I( th~•rc- .hall hr .i dcL~ult und~•r anv nf thr pto~ i.ion~ Ihi. murt~a~;~•, re•tiultin~; in a publi~~ .ale uf thP er~mi.es . i•o~•~-rrd h~•n•bv. or i( th~~ mr~rtKa,~•~• a~•quir~•~ thi~ prup~•rty ~~~h~•n.i.~- afi~~r ~I~•~aull. th~~ mnrt,,a~~•~• .ha~l apph•. thc ~h~~ (im~~ n~ t}M rnmm+•ni~~mrnt o( ~n~•h pror~•~din~. ~~r .u th~~ tim~• th~ prop~rh i. othrrt. i~~• .tcyuir~•d, th~• balan~~~ th~n r~maininR in th~ fund~ • .ii•~•umulat~•d und~•r (e) o( par.~rr~F~h 2 pr~•r~dinR .i. .i crcdit :~~;ain.i thi~ .~m~~unt o( prin~-ipal Ih~•n «~maining unpaid und~r ~aiA not~ .~nd .ha!I prop~rl} adju~~ :~n} p.n~me•n~: .+hich .hall ha~~- b~~~•n ma~l~• un~le•r (e) ~~f ~.~i~l P.~ra;:raph. Ih:~t hr Nili p.i~ :dl t:~~~.. :~..~.,mrnt.. ~~:nrr r.i~r.. .~nd uih~r cu~rrnmrnt:~l ~~r mu~~i:ip.~l:h.~rcr~. linr.. ur imp~,.iliun. fur whiih pr.~- ~~•n~n he~ n~+t h~rn m.~~lr hr~rintkf~,t.. :ind in Jrf.~ui1 thrrruf thr mi~rlLa~r~ m.~~ p.~~ ~hr ~.unr..~nJ th.~t hr ~,ill pr~~mp~h drlncr Ihr ~~thccJ ~ Iiac'1r1.1~1CfC~~~f 1~~!!1t' fll~~t!_L'a_•ti. . . ~ 1 h:~1 hr ill Mrmi1.:~~;nmit..~r .udrr nu a.~.~r. imp:~irmrm. ur d~trnur,tian .d .:,id pruprrt~ ur .~n} p.~rt Ihrrcuf: .~nJ ~n thr r~r~~t ~d thr Lulu~c of ~hr murt~:iLUr t~~ A~rp tha huilJ~r.i. ~~n .ai.l prr~ni.c• :,nd th~~.r t~~ hr rrrctrd .m .:~id prrmi.r.. ~~r impru~ rmrnt, thrrr~•n. in i~r.~d rr- - p.nr. thr mnrtu~i« m.~~ ~u:,~.r .u:h rrp:ur. a. m ~h ~li.rtrtian h m.,} Jrrm ntcr..:u~ fnr ihr proprr prr.rn.~tiun Ihrrr.,~. .~nd thr full .un~~u~u ut r.~: h anJ r~ cn .uch p.~~ mrnt ~h:Jl hr immeJi:drk dur :mJ p:~~ ahk ..u~J .hall hr .r~urrJ h~ Ihr hrn uf th~. murl~a~r . lh.~t h~ M~II p:~~ :JI .~~iJ .inLUL~r Ihr r~„t.. ch:~rLr.. :+n~ r~~xn.i._ in.ludinL ir:~.~ro.~hlr law~rr~. f~r~. :~nd :~~.t. :~h.tr.~:~. uf titlr. in- ~ :urr~J ~,r paiJ at .im timr h~ thr m~~rl~agrn c~rau.r uf 1hr f:~~tu?r ~~n thr p.~rl ~~f thr m~~rtc.,cor prumptl~ and (nlh t~~ p~rform Ihr .~erermrnt~ ~ .,nd c~~~rnant. af ..~i.l pr~~nu..~~n nutr anJ th~. murlLeLt. :~nJ .ai.l:u.t.. ch:ucr.. .~riJ ~~~x n.r..h.dl hr ~mmrdc~trh ~ur :~nJ pa~ ahlr .~nd .h:dl t~ .rcurrd h~ thr li~n Ihi~ m~~rl~.a~:a , Ih.d h~ Kill I.crp ~hr unpm~rmr~t. n„w rv.unc ~~r hrrr:~itrr ar~:trJ un thr m~•rti:~~~d prup~rl~. imurcd m.~~ h~ rryuirrd fr.~nt ~im~ 4 timr. h~ thr mnrt~:~~rr n~:.~in.1 I.~,. M firc :~~iJ „thrr h:v.~rd,. .a.u.~hi~.. :m~l innunccn:ic• in .urh :~m„unt..mJ i~~r .uih ~ari~xt.:~. m:~~ h: rrytsn~d t,~ m„rtzaLCt. :mJ u~ll p:n pmmptly. ~hrn Jur_ am prrmium. un .u~h imur:~ncc (ur p:~~mrnl ~•t whi~h pr~~.~.n•n h:~, rn~t Itirn +i~.~Jr hrrrinhaft,rr. \II in.ur.in~~ .h:Jl t+r:arrirJ ~n r~~mp.~n~~..~ppru~~d h~ murt~:~~rr :inJ thr p~~lirir~ anJ renrw:J• thrr~.~f .hall h~ h~IJ h~ m„r~Le- Lrr.~nJ h:~~r .+tt:~ihrd th~r~tu la.. p.~~ehlr rl:~u.r. in (:~~~u ~~f :~nJ ~n f~.rm ai~cptahlr t~~ thr m~,n~.~~~r Inc~rnt u( lo.. hc will L~~r imm~.li:dr n~~ti~a h~ m:iil m~,rti:~crr. :~nd m~irtu~er~ m:t~ m:~1.r ~ru~~f of 1~,.. ~f nut m:~da pr~~mptl~ M morl~ugur. :~nJ ~ach in.ur,~nic comp:~n~ r~~n- crrnrJ hrr~h~ :,ulhuriicJ :~nJ Jir~rlrJ h~ maAt pa~ ma nt (ur .uch J~rrrth t„ murt~a~re m.trad u( tu murls::~tur .~nJ mu..t~a~~r j~nntf~ . .~nd thr in,ur.~nrr pr.,rrrJ.. ur :~n~ p:~rt th~r~~,f. m:i~ hr :~pplicd h~ murti:~~te :,1 it. upti~~n rither tu thr rr.lur~iun uf ~h~ inJrhtrJnr.. hcreh~ Ki1/tCJ uf IU (flt' fC~luGd1U0 ~~r rep:~ir Ih~ rfi~(~afl) J;~f11:~~cJ. (n ~~~Ill ftN«~P~Uf~ a( thi. m~,rt~:~~r ~K Ulhtf tG~I1~~Ct N( 111~a tU IFI~ m~,r~ L:~etd prop~rt~ in r~t~ncui.hmrm thr indrMcdnr.. .r: urcJ hrrrh~ .:~II nth~. ti~lr. :~nJ intrrr.t Ihr m~~r1}:a~~,r ~n :~nd tu am in.ur.i~:r p~~li- :ir• Ihrn in furc~ .h:dl p:~~~ n~ ~hr ~urcha.rr nr ~r.mtrr. r. 1 h:~~ if Ihr prrmi.c.. ur :~m p:~n lhrreu(. hr i~~iiJ~ mnrJ und~r :m~ p~~~ar ~minrnl ~lum:un..~r :c:yuired fur puh6~ u.~. tha~ J.~m,~Lr~. pn~:«d.. and thr r~~n.iJerau~~n fur .u~h :~cyw.iti~~n. ~u tht r~trm uf thr full :~nu,unt ~~f ~nJrhtrdnr.. upun Ihi. \lurti:~~c. anJ ihr \utr .r:urr.l h~rih~ rrmainine unpniJ. :~re hrrrh~ :,..icnrJ M th~ \1n~tte~V~ 1~~ 1F1~ \turtL:~L~c .uiJ .h.dl hr p.~i~f fur~hW ith u~ ~hr \1„rt~a~rr t~~ hr applird h} rt ~m :~:..~unl uf thr indrMrnr., .~currP ubreM . ahcthcr dur ur nut. Ih:d Ihr murlu~i~e m:n. a1 em ~im~ prn.hnL a.uit up~,n thi. m~ulg:~e~..~pplv tu thr ~uurt ha~~n}~ ~uri.Jiili~,n Ihcrruf fur Ihr ap~.~int- ~ mrnt ~~t rrrri~~r. .~n.t .uih court ~h:Jl f~rrthNith appuint rrrenrr of thr prrm~.r..u~crrd hrreh~ .dl :mJ .in~;uL~r. includint n(I :~nJ ~iniul:~r thr in:~~m~. pn~fit.. ~..ur,. :mJ r~~~nue. fram ~~h:~Ie~rr .ourcr Jeri~rJ. r:~:h :~nd ~~en uf wh~ch. it hring ~~prr.~l~ unJ~r.1~h~J. i. her~h~ muricac~J if .pr:iticall~ .et (urth anJ Jr.crih~J in thc Lr.~ntin~ anal h.~hrn~um :L~u.r. hcrr~,f. :~nJ .uch rcirnrr .h:Jl h.~~r .~II thr hro:~J .+nd ~1lriti~~ (un:iiun.:,nJ puwrr. in :m~ui.c rmru.t~J h~ i„urt t~~a r«ri~rr_ :~nd .uch :,~~„~~~~„~m .hall hr mnd~ h~ .urh iuurl .~n :~Jmillyd ~yuit~ :~~id.~ m:~11ct ~~f :~h.~~iutr riLht ta.:ud m~~rt~:~e«..~nJ ~+ith~~ut rcfrrc~.c t~, thr.~dryu:~r~ ~~r inad~yu:~r~ ~~f Ihr ~.Jur ~~f thr pra~rrn m~~ri- z.~ted ~~r t~~ thr .~,hrni~ ~~r in.~.l~in.~ ~~f .e~J murlc.~iur ~~r thr d~irn.l.uit.. .~nd th:il .u:h rrm.. pr~~ti~.. ~nc~~mr. n.ur,_ ,~ml rr~rnur. •h.~ll hr apphidh)~uih~Ci~i~er.fii~~i~I1I1L1~~IIl~I~et~ullh~.m~~r(sL:~ir:~nJlhepfaill~~uf.uihiaur~ Inthrc~iM~~(:~md~(:wRunth~p:~r~u~Ihim~+rl- ~eL~~r hrriund~r. ~hi m~~rtc.~L~~r :~ir~r~ tu p.~~ t„ thi murte.~Lr~ on drmanJ :n r~e•~~n:~hlr m„nlhh rrnt:d (ur th~ prrmi.r..in .~m~~unt .~i Ir:~.t ~yui~:J~n1 tr un~-twclfth ~ l; I'I ~~f thr ,~cirrLatr of Ihr t~~rl~r m~~n~hlt ~n.t:dlm~nl. p.~~:~Mr in 1h~ thrn current ~~ar plu. thr .~rtu:d .im~~um ~~f thr .~nnu:d ~.i~e.. :r~c.,mrnt.. u.~Irr r.~tr.. :mJ imur.~nrr prrm~um. (~rr .uch ~r:~r no~ iu~~rrd h~ th~ afure.:ud m~,nthl~ p:n mrnt. 11? l h:~t i:~~ m ihr r«n~ o( ;~m hrr:~.h ~~f thi. m~~r~c:~er ~,r d~fauh ~,n thr p:~rt ui the m~~rt~:~i~,r. ~,r ~ hl i~ th~ r~ rnt ~h.~t am ~~f ..nd .um. ~~f m~~n~~ hrrein r~(rrrrd n, hr n~a prnmpth anJ (ull~ p.ud uith~,ut Jtmand ~~r n~Hicr. „r li~ in thc c~rn1 Ih:d ~:~:h :mJ r~rr~ thr ~hpul.~li~m.. .terrcmcnl.. cunditi~m.. :~nd io~rnenl. of .aid ~i~u~ .~nJ Ihi. murt~a~r. .ur n~,t Jul~ . pr~~mpth .:~nJ (ull~ rert~,rmrJ: ihrn in rhhrr ~,r .in~ .u:h r~cm. thr •.~id. ~Lr«:~t~ ~um mrnuun~J in..,iJ m~tr thrn rrm:~inin~ unp:,id. ui~h in~rre.~ :~:.ru~d t~~ ~h:~t timr. .~nd.Jl m~,nr~.•r.urrJ hrrrh~ .h.ui hei~~ntr Jna .tOi~ ~atiah~~ furthwi~h. ~~r Ihrrr.~ftrr. :a thr ~,ptiui~ ~~f ~:uil mi~tl_:t~~Ct. e. ~e~ll~ a~l~l i~~~~plclil) ~f :~II ~~1 Ihr •,ud .Um. m~m- utrr ~~ric~n.~ll~ ,liput.~trd t~~ hr p:uJ ~~n ,urh d.~~ _:~n~thin~: in ..nJ n~d~ ~~r in thi. m~~n~.~~r 1~, ~hr:i~ntr.~n f11NN11Fl.t.~n.hn~: .~n.i ~hrrr~~~~,n „r ih~rr.~ftrr. .d th~ ~~pu„n „f ..ud murtu~err. u ith„ut n„hir ~~r Jrm.~nd. wii :a lew ~~r m ryint~ . m.~~ Iv pr.~~r~ulyd .n ~f .~II mun~~..riurrd hcrr I•~ h:iJ maturrJ pnur tn il. in.tituli~~n I hr mort~.~Lrr m.~~ (~~rr:l~~.r th~. murtL.~Lr. I~.Ihr ,~mruni .n Jc:1.ucJ du~ .u~d pe~.~Mr. anJ Ihc •.~id ptinu~i. ~h.dl h~ wld lu .,~t~.l~ ,ut~) p.i~ Ihe ~.~mr i~•Lrthrr w ith r~~.t,. c~prm~~. nnd .~il~~~..~ncr~ ~n ie•c ~~i ~.~rU:,l f~~r~:l~,.urr IM. murtca~c: thr murt~:.~crJ pr~mi.r• •hall hr .~~I~I .uh~~:t i~~ Ihr:~mhnuin~ lirn Ih~. m~~rt~:i~~ tur thr .~~;~~,unl ~•f thr diht n~~t thrn duc a~id un~.uJ In .u.h ra.c thr pr~~~ ~.i~~n. nt thi. p.~recr.iph m.n .~L.~in hr .~~.ulyd thrrr.~(trr from timr I~.I~mr ht thr m~~rlc.i~rr ~ _ _ Rt~ .a