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HomeMy WebLinkAbout2067' Ift.d.iDUt~CtI11u~Cf1111\I~~(~I~Htillha•.t•~U~~I\uf1i11.~Un~1~.~Ea.it~~•~IIU11Fe~ur.luFCIf~CIN11A.dI1~lU1u.IJUlu~llu.liK•n~uU1~11~Qa~lllitll. uttdrr tfir tr~nt. ~~f 1ht nutr .r. wcJ hrirh~ .~~~~ Ihr hi.1 ~I.~y ~~t r:~ih munlh unld Ihc •.~id uulr ~. tull) p.ud will p.~) U~ Ihr mu~l~,~~tc Il~r (~~UuN ~ ~:t:.~.__... ~ : u~~ .um.' ~.~1 \n.miuunl .ufli:i~nl t.~ p~~~~i~lc Ihr h~~l~lri hr~r~~( ~~ith funJ. ~u p.~~ IIK nr~t m~~it~.i~r ~n.u~.~ncr pccm~t~m d thi. u~.tnut~ci~t and ihr nu~r .r:ureJ hrrch> arr in.ur~d. ur a m~mlhl~ ih:irir un hru ~~t a muuE.~Fr in,ui.~ncr prrm~unu d ~h~> :ur hrid h~ Ihr Srcrrl.~n nl Huu.u~~ .in.l t'than~ik~tl.~pmrm .~. fa{IuN.. 11i I( .md .u I~~n~ .~~ ..~id nulr ~~( a~~~~ ~L~Ia• .mJ Ihi. ~n.Irumrnl .ar ~a.u~rd ~~r .,r~ t~rn.ut~d undrt 1h~ p~u~i.ium ~~f 1hc \.A~~~n.J H~w~.~n}~ ~~: ~. .u~ .~muunl .ut6~ irnt lu .~:runuil.i~r in Ihr h.md. u( ihc huldr~ unr ~ i ~ m,~n~h ~~ n+~ i~~ ~~. ~lur d:~1r thr annu:d m~~i~ ~.~.c ~n.ur.m.~ prrmium. in urJrr iu pru~idr .u:h h.~Wrr wilh fun.l. lu p.~~ .u~h prcntium tu ~h~ tircrrl:~r) u( Nuu.in~ ,~~~J (`rhan Ik ~rlupi~irol pur.u.utt t.~ thr \.~l~~~nal II~N~.-n~; :\c1. a. amrndad. and :~~~i~.:~hk k~Eul.~uun. thrr~und~r. ut I llr I( .~nJ .u lun~; a~ ~.ud nut~ uf r~rn J.nr .~nd Ilu. ~n.In~mrnl arr hrld h~ Iha 1~crrt:~n u( Huu.i~i~:.m~l l rh..n Ik~rl~~pmc~~. a munthl~ ch.u~~ lin liru u( :~ murt~a~~ m.ur.~nr~~prrmwnu which .h.dl hr i~i .~n am~~unt ~yu.J lu anc-twclflh 11/1_'1 u( unr-h.d( ~ l; `~ {+~r c.nuim u{ ~hr a~~ragr uut.t:~nd~n~: h.da~c~ Ju< <~n Iha~ nul~ c~~mpul~d N iihuul t:J.in~ intu a~..~un~ ~Irhnyurn~~r. ur pra p.~~ n2rnl~: Ih- ~.um ryu:J t.~ thi Eruund ranh. ~f :,n~. nr~t du~. plu. ~le~ prrmn~m. th.~I will nt~t F.~cunir dur enJ p.~>.~hM ~ai M~hcir..~( liir enJ o+hrr h.vard imur.mra ru.crin~: ~hr m~•r1~:.~crJ pru~+rrt~ . plu. ~.~~r. and a~.~.~mrnt. nc~l dur un Ihr muu~.~crd prupcr~y ~.dl :~. c.tf- ~na~rJ h~ lhr murt~;.~~rrl k:• .dl .um. alt~:~d~ paid thr~r[ar di~ iJ~d h~ 1hr numhcr ~~f munth~ 1~~ rlap.r hrfur~ onr munlh pnur w thr ~Ld~ whcn .urh ~r~~unJ rcnh, prrmium~. ta~e...inJ a..r..mtn1. wi111+rrumr Jrlmyurnl. wch ,um.la F+~ hrW b~ nwrt~:a~:r~ i~i tru~1 w p.~> .:uJ ~u~unJ rrm.. prrnuum.. ~a~r.. .mJ .prci:d .~.,r..mrnh: :~nJ ir i ~II p.~~ m~nt. mrntiun..l in th. ~v.., prr~rdin~:.uMr~uun. uf ihi. para~;r:~ph .~nJ :dl pa~ m~ nt. ~~~ hr m.~~lr unJrr Ihr nulr .r.urrJ hrrr- h~ ~h.ill tk adJad lug~lhrr :~n.l Ihr :~gErr~;.da :~muunl Ih~r~u( ~h:dl hr p:~id h~ th~ murt~a~;ar ~a~A m.•nth ~n :+.ssi~;lr p.~) m~nt h~ tx .~p- pl~cd M tha mur1~:.~E« lu 1h~ fulluN ~n~: itrm. in Iht ~~rJrr .rl (urlh 11~ prrmiiim rh.u~~+ undrr Ih~ .~mtr.~.1 ut m.ur.~nr~ wilh thr 1r.rrl:u~ ~+( Huu~~nE anJ l'rh:~n Ik~rlupmrn~. ut n~uolhl~ ih:~r~c lin li~u uf murl~:.~gr io.~u:~n:r pr~miuml..i. th~ ~a.~ m:+~ h~ . I IU ~ruund rrnl~. t:~~r..:~..r..m~~h. tirr..md ulhrr h:~i.uJ in.ur.~nrr pr~mium.: Itll inl~rr.~ un ~hr ~~uir .rcur~J h~r~h~ :.mJ 11\~ 1.inta~titatian u[ Ih~ ptfn~ipal u( ~aid nutr. :~m drli:irur~ in thr aiuuum~~( .u~h .~i.l;rrFa~r mun~hl~ pa~ mrnt ,h:Jl. unlr.. madr e~k~d M ttk murtt.+tur priur ~„ tt-~ dur d.,tr at 1hr nr~t ..:rh p:+~ m~nt. ran.litutr :m r~~nl at J~faull uixler Ihi~+nuttga~;~. 'Ihr murtgagra m:~~ ruller~ a"I:~tr ~hargr" nu1 ~u r~crrJ I~?'L~I (ur fOl1Y' C r:nh du{{ar 1~11 af rarh p:n m~vu mur~ 1h:m liilren 11t1 Ja„ in arrrar. ta r~~~rr !Ix ~~tra ~~prn.r ~m ulvcd in hanJlin~: drlinyuent p.~~ mrnl. ~~~ _. "I h:,~ it tFk tut:J ni thr pa~ mrnt. madr M tl-r martg.tt.~r undrr t h- at rar.~Lraph '_ prrcrdin~; .h:d{ r~~~rJ ~F-~ .~muunt u( ~hc pa~ mem. .~ru~.Jl~ medc h~' th~ murl~;a~tr. t~~r gruunJ rrnh. I:~~r. anJ e..r..mrnh anJ ~mur.~ncr prrnuum.. :~. 1hr ~:~,r nr.~~ hr. ,uch ~~cr.. it lh~ lo~n i~ c~urc~•n~. :~~ thi~ option o( ~hc murtKa~~~r. ~hall. h~ cr~dit~J un ~uhs~~qu~n~ pa~m~•nt~ to Lc m~dc by th~~ mnrtgaKot. ut r~(unded to th~ ~nortKaKor. 1I, hnhev~r, ~h~~ monthly p~}'ments ma~i~ by Ih~ niortKaKor uade- (e~ o( paraKraph 2 pmr~dinK shail not br su(fi~icat to pay ~~ruund ri•nt~, tat~•. and a+x~+smenl~ and in~ur~arc p~ca~iuin., a. th~• ~•asc ~nay b~, ~h.-n ~fi~- ~amc .hall b~~~nmc du~ and pay- aGl~. thFn th~ mort~aKor ~hal) p:~y ~o ~h~• ~nortRa~c~ ~ny .imuunt nci•c~~arr tu mal-~ up th~• dr(i~irnc•y, on or b~•for~ ~h~ dat~• whcn paym~•nt of ~uch ~round n~ntx, tacc~:, a+~i•s~mcat., or in~ur~nre ptrtnium~ .hall b~• du~~. If at any tim~ thr mort~;nKnr shal) trndrr ~u th~ mo~t~;:iRr~• ia accord.ta~•c ~ith th~• prnvi~iunx u( ~fi~ nut~ ,~~•ur~•d h••n•Ly. IuII Fia)'U~rpl of thc~ ~•ntim indcbtcdn~•ti~ mpr~•ti~nt- .•d ~h~r~b.•, the ~nottR~R~~~ shall, in rumputinR ~he amount uf wch.ind~•h~rdne~~. ~r~dit to the a~~•uuot o[ th~ murt~uRur all pa~m~•nt~ ~u.~dr• und~r th~• pm.i.ion~ o( (e) u( p:u.~Kraph ? h~•r~•of .,hi~•h Ih~• mortKaK~•~~ h.~x nut bi•i•umr ohliRat~•d to pay to th~ ti~~~ r~tary nf Ilou~in~ and I rLan 13r~rlup+n~•n1 and any i~al:m~•~• r~~mainin~ in th~ fund~ a~•~~uruul:~t~•i1 und~r th~ provisiu~~ ~~f (-~) o( ~aid par.~gr:~ph ''. I( ~h~•n• .hal) bc• :~ Jc(ault und~-r an~• u( th~• pro~•i.iun. o( thi. mut-g:+};~-. r~sullin~ in a public sali- u( the prrmisrs coc~ra:d hcr~•b~•. nr if th~ mortga~i~~• a~•quim• tht• pro~rty ulhrrNi.~ a~~~•r d~~(:~uU. 1h~~ mortR~Rc~~~ yhal) apply. Ihc th~ timr nf thr ~umm~•nc~m~al o( ~u~•h proc•cPdin~x ur a~ Ihc timi~ ~hF prop~ rh• i. ~~th~•n.i~i• acyuimd. th~ balanc~ ~h~n rcmaininR in th~ fuad~ acc~umululod undcr (6) o( pare~;raph 2 prc•r~~iing as a crcdil :~Kuin~~ the~ am~.unt ni princ~ipal th~~n rcmaioinK unpai~l un~l~~r ~aid nut~~ and tiha!1 prop~rl~ aJjuvt :my paym~•nt~ NhSch ~hall ha~~i~ L~•~•n mad~ utt~l~•r (e) of .aid Nuru,:raph. a I h:N hr N ill pa} all ta~r. :+..r~.mrnh. walrr r.~lr.. .mJ uthrr iu~.rnmrnl:J ur municipal ch:~r~r.. tinr,. ur imM~.iUun.. [~u uhich pro- ~~.t~.n fi.~. not F+tan ~nede h~rrini.~forr. .mJ in JrL~uh thrrr~~( ~ha murlt.~cac m.n p.~~ ~h~ ..imi: .u~d th:tl hr Ndl pr~~ntpth Jal~~cr Ihr ~~ttii~.J ~ i.:rip~. ~h~r.f~.r ~~.ihc It)~~fl}':~LtC. ~ I h.n hr a ill ~+armsl. cummit. ur .utlcr n~~ wa.lr. impairmrnt.~~r Jrlrriur.~ti~~o uf ,.~id pruprrly ur .~m p.~rt thcrru(: .~~d in ttk ~~~nt ut thr (:+ilurr ~~( th. mur~iai~~r t~~ {.arp Ihe huilJin~:. ~~n .:~id prrmi.r.:mJ 1hu.r tu Fk rrrrtrJ „n ..~iJ prrmi.i.. or impru~rmrn~. Ihrra~m. in c.MHI rr- p.su_ 1hr m~~ct~.:~ttr m.~~ mal.r.urh rrp:~it.:~~ in ~I. Ji~~rrlion it ma> Jcrm nccc~.:~n !ur tt-~ prupa~r pre,rn:diun Ih~rcnf. .~nJ Iht full am~~um ~•( r:~ih.mJr~an .u.hpa~Ynrnt.h:Jlt+~~mm~Jr.NCI~ Jur:~ndpa~ahk.:m.t.hallt+r.rcurrdh~ Stx i~~n..(tfii.m~.n~:~cr. ~ (~. I h.~t hr will pa) :dl :mJ ~i~i~~d:ir ~hr ~a~l~_ ih:ucr.. anJ r~~xn.r.. including re:~~~~n:~hlr law~cr~. fre.. :mJ rr.~t. ~~( :~h~tr.~~h uf ~~Ile_ ~n- ~urreJ ur paid al :m} timr h~ thr murt~:~~r~ hec.m.r ~~f Ih~ (ailurc un thr part „r ~n, m~~rte.~~~,r ~~~•n,~~i. :~nJ iuli~ t~~ prr(urm thr .~grcrmen~. :.nJ:o~rnanh ut .aiJ ptumi.~ur~ n~~[r and th-~ m~~rlga~.e.:+nd .aid ru.t~. ~hargr.. end ~~prn.e~ ~h:dl Fx immc~fiatety Jur :+nJ pa~:~hk anJ .h:Jl hr .«ur~d hy thr lien uf ~hi, murt~:~~e. '. "fh.~1 hr Nill lerp the impro~rmrnt. nuw c~t;ting nr hrrrafter ~rrclrJ ~~n Iha murl}rg~J pruptrt~ in.urrJ .~. ma~ Fk r~ywrcd (rum limr to timr h~ Ihr mung:~~tr aEaln.t F~..~ h~ firt and ulhrr hai:~rd,. c:~.u:dtir.. :~nJ .~~nun~:rnr~r. in .urh amuun~.:mJ (a~ ,uch ~xri~Kl. :i. ma~ !k rcyqircJ hy murt~ag~r. anJ will pa~ prumplh . wh~n du~ _ an~ premwm. ~,n .uch +n.ur:,nc~ fus p.~~mcnt ut v.hi~h ptu~i.~un h:~. n„t hran m:~dc herrinF+~(~~re. :~II inwr.~nr~ .h:Jl Ix r::rnrJ in cumpanie.:~ppru~rJ M murlgaerr :~nJ thr M~Iic~r.:mJ rrnrwal. IFxrr~~f .h.dl he h~IJ hc murt~:~- err .mJ h:~~~ :dl~chrJ Ihrretu I~~.. p:~~aM~ rl:u~.r+ in (a~ur of .~nd in f~~rm ac~rpt:~hlr tu thr murl~;agrr. In rvenl uf lu.. hr will Li~e ~mmrJu~~a nulicr h~ mail to murtgagtr. and murlgactr may ma~.r prouf uf la~. iS nat m:~dr pn,mpth fi~ m~~~t~;agor. :md ra~h in.ur.in« compam run- rrtntJ i. hrrch~ a~NhuniiJ .~nJ JuertcJ t~~ m:~Ae pa~mrnt (ur .uch k~., JirrcU~ ta murtE::~ger in.t~:~d ~~f t~• mnrt~:a~ti~r a~J muttga~:er S•~inth. .mJ Ihc inwr.~nre pr~kerJ.. ur :~n~ p:~r~ thrrruf. m:it hr :ipplirJ h~ murtgagtr :u ih opli~~n eilhtr 1~~ tAe teJucliun ~~t the inJebtrJnr~~ hrreM ~C~{tTt~~ .•r tu the rr.lor.i~i~~n ~,r repaR ~~f l~lt pruprrh JamagrJ. in r~rnt ~~~ ~~~fii~U~Ufa ~t~ lfl.~ Ii1~~flj~S:tfC ~N ulfltf 1lafl~~Ct U~ III~C 1~~ Iflc OlOfl' ~a~tJ pruprrl~ in c~tin~:ui.hmrm of thc ~n~IrM~Jnr~..r~urcd hrrrhy .:dl r~cht. titlr. anJ intcrc.t of Ih~ mort~::~~;~~r in and tu am in.-~r.mrr Mdi- .ir, ~h~n in (urcr .hall p:~~+ tu the purcha.rr ur cr:~ntrr. ~t 7 h.~t it thc prrmi.c.. ur :~ny p:ut thcrruf_ Ix:~,nJrmn~d undrr am p~~urr ~~f rminrnt ~inm:iin. ~~r aryuircJ (~~r .~ puhlic u.r. thc d.~m.~~r~- pi..~rrd.. and ihr:~,n,id~rati~~n for .uch :~~yui.ition.l~~tFx r~1cn1 ~d ~hr fulf .~muur.t uf inJeMrJnr.. uM~n fhi. \turl~a~r. :~nJ ~I-r ~ulr ~erurrd hera h~ trm:~inm~ unp:~iJ. arr hrrrh~ a..i~:nrJ h~ thr ~lut1~::~-~~r 1~+ Ih~ ~Iorlg.~~~r :~nJ ~h:Jl tK p.~id tunhw ith tu th~ \t~~rt~.agr~ t~~ tK applicd h~ ~t un acrounl ~~f Ihe inJ~htene~:+rcurrJ hereht. whclher Jur+~r nut. `+. 'tfi:d th~ m„n~a~:rr m:~~. a1 .~m timr ~xnJin~: a.uit u~xm thi~ must~:~~e. app14 ~~, thc cuurl ha~m~; ~uri.Jirnun tharr~d furlhr :~ppuint- mcnl uf a rtcri~rr. :mJ ,uch ri+urt .hall furlhwith ap~x~int :~ recei~Cr ~~t th~ pr~mi.c~ co~rred hereM :d{ :+nd.in~:ulat. imluJmc all .~nd .inkul.~r Ih~ incomr. prulit.. i.~ur,. :mJ r~~cnur. fr„m whalr~•rr ,uurcr J~rivrd_ ~:~ch and r~rr~ u( whirb. it F+ring r~prr.~l~ unJcr,aKH1. i. hrrrh~ m~~r1~:aLrJ :~. if .~+erific.dh ,rt fur~h anJ dc.crihrd in Iha ~r.~ntin~ end hatknJum :I.w.r~ hcreuf. .~nJ u~ih rerri~rr .h.Jl h:~.r .dI ihr hru.~J .~nd ~tl~cli~r (un~ti.~n.:,nd {~uv.rr. in an~wi.r rmru,tzd h~ .~ iuurl tu:~ rr:ri~rr. ~nJ ~uch appaidlmrnl .h:dl ha~ m:~Jr h~ .uch :outt :~.:~n .~Jm~ItrJ ryuit~ :mJ:+ m:inrr ~~f aMulul~ ri~:ht 1~~ .:~id mortg:~err. anJ with~wt rtfrrenrc ta Ihr :~Jryuac} ur in:~dryu:~~) o[ thr ~.di.~ .~( thr pc.~{Krt~ m~•rt- c.~ca.l ar lu ihr .~•hrn:~ ur in.ul«n:~ ..f ..uJ murlt.~~ar ur th~ dr(rnJanh. .mJ Iha~ ~uih r~nl.. prufil,. ickumr. n.ur~. .~nJ rr~rnur• .h.Jl Fk• applirJ h~ .u:h rrcei~rr .~rcurJin~: l~. the I~an ~~f tM. murl~a~;r anJ 1hr prarlirr u(.uch cuurl. In Ihr ~~rnt .~f :~m dei:wU ~ai ~hr p:u~ ~d ~h~ mart- Ea~ur hrrcunJcr. Ihc murt~:.~~or acrer. tu p.+~ h~ th~ mort~atce ,.n d~m:~~d :~. :~ rra.~m:ihk m+~nthf~ rcnt:d i~~r 1ix prrmi.r. an emuun~ :d Ir.~.t ryw~:drnt tu anr-Iwrlflh 11lI'1 a( Ihr a~~:rr~alr ~~! Itx Iwrl~~ mun~hl~ in.tallmr~t. pa~ahk in thc thcn current ~ear plu. Ihr ec~u:d .~m~nuit ut tlx :mnuall:~~r~. a..r..mrnt.. w:Arr r:~tr...~nd in,ur.:n.r prrmmm. fur .urh ~~:~r nut cu~rrtJ hy th.r:durc.:iiJ munthl~ p:+ymrm. 1~1 "Ihat 1:~~ in thr r~~M af am firc.~ch uf 1h~. murtf:~cc or Jrfaul~ ~m ihr p.~rt a( thc m~~rt~::u;~•r. ur Ihl in ~Fx r~~nt Ih.u .,m „t..~iJ .um. ~~( nu~nr~ hcrcin rrtcrrrJ la I+r nut prumpth .mJ full~~ paid wrthuu~ Jtmand ur ~aticr. ~,r lrl i~ thc r~rnt th.,1 ~ach and r~rn tha ~Upu{.~fn,n. .~~:rrrmrn~.. runJilium. :md cu~rn:mt. ~d .:~iJ n~He anJ Ihi. murlga~e_ nre n~~1 Juh . prump~l~ .,nJ full~ pe•rfurm~J: lhrn in rithrr ur .~m .uch r~~m_ thr ~:ud:~F~:rrg:~tr .um mrntiunrJ in..,id no~rthen rrm.~ining unp:+iJ. Nith in~crr.~ ac.rucd t~~ ~ha~ timr. :md:~ll m„nrt.+rcurrJ hrrrh~. .h:dl htcumc du~ :~~cd p:s~:thlc far~hwith. ~.t th~t~,(~rr. :,s ~hr.~psi~~n ~.i .:~id m~nt~:+E~r. :~. fu11ti :md a~mplrlri> .~. if .df ~~f ih~ ..uJ .um. uf m~~n- ~~ wrrc ~~riiin.Jh .~ipul:~l~d Io hc p:~iJ ~m .urh Ja~ .:~n~lhin~ in .aid n~Nr ur in Ih~. m~at~::~cc tu ~he cnnlran n~~tw i1h.I.mJin~;. and ~hcrcupun o: ~hrrrallrr _:~t 1hr ~~pti~~~ uf ,.iid m~~ctga~cr. .+~~h~~u1 nut~rr or Jrm:mJ..uit at I.~w nr in ryuih . ma~ Fx pru,~~~utcJ :i. i(:dl mune)••erurrJ hrrc- M had ni.~tured pri~~r t~• i1. in,tituliun ihr marlc:~cer m.~~ (urr~lu.~ IhY nu,rt~e~r. ~. t~~ Ihr amuunt .~~ Jc.lared Jur anJ p.~)ablc. and Ihc .:uJ pr~ mi.c~ ~hell F+c +oW ~~~ ~:ili~(} anJ p.n !hc .amc I~~i~IFkr w~th cu.t~. r;~+en~e~_ anJ L4IINN ancc~ Ih ~a~e ~~1 p:utc~t t~~r~:l~.,ua ~•f tfiti. m~,rt~.~cr tFn mon~agcJ prrmi.c• •hell t+c .~rld .ut,~ri1 tu thr:~~nlmuui~ licn ~~f thi. mur~~.~gr fut IFk amvunl af ~hr ~Icht nat Ihro Ju~ .inJ unpaiJ (n ~uch ~a.r ~he pm~ i.iun. uf thi. par.~~:r.~ph m:~~ .+iain hr .~~.~i1rJ i~( thrrr:~(trr f~r~m limc Io Uma M Ihr m~~r1~.~grt. f ,' ?; 41~ ~~ ~ 601K~~~ P!~f~~lJ~).J -_ -. _ -:_,~: -.: ~