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HomeMy WebLinkAbout0938 UNIFORM (~O~FN~NiS. BPfft»~'Cr and ,~nJ aRrcc a~ fi~iluws 7 1. P~)men! ot Priocip~l and Intere~l. ~~rn~.+~r shall pn~m~~~ty pay ~hrn due th~ principel u( ~nd intrrest on the indebtedness c~ ~~1cnc~~l by tht Not~, pr~paymcnt an~i latr ~h:~rge. a. ~ruvi~led in thr tiote. and the princ~pal uf and ~ntercst on any Future .Advancet sec?ited lhic M~~rtgagc ~ 2. Fnnds for Taxes and Insorance.'Subi~,t Iv applirablc laK•.or to a~rit?cn ua~ver by l-cnder, Borrowcr th~ll pay to I_e~dtr on ~tx day monlhly ~mtallmcrnt o( nrmri{~:~I ,md ~ntrm~i ,ur ~~a~ahlc unJrr thr Nt~te, unt~l the Note ic paid in fuU, a sum (herrin "Fun~is") ~yual tu unC•t~.clfth u( ihr >r:~rl~ ta~r. an.l a.,r~.mcnt~ «hirh map atta~n pn~~ri1~~ o~er this Mortgagc, an.i gr~~und ren~~ ~~n thc Pm~,crty, if ;im ~lu. ~~nc-t~~.clfih ~~1 ~~~rl~ ~~rrnuiim installmcntt for h:?t~rd ~n,urance, plus one-IHClflh of }early premium imi.~llntenl~ t~~r m~~rlga~;r ~n:ur,~nCi. it an}', all re~ti~~nahl)' e~hm.~I~d u~it~all~ and fr~m Iime to Ume by l.cndcr on th~ ha.i. of ave~.ntcnt. ~n,t lalh ,u~~i r~,i.~~nahlr r.i~m,~ir, ~thcreof. The (=unJ. ~hall hr he!.i ui ,~n ~:i.t~;i~!~~~n th~ ~i~~„~i, ,~r .~~.~+un?. ~d w~i~h .~re imured ~~r gu.ir,uiieeJ h~ a FcJeral or state aRcni} i ~n~lttdin~ l Cnt~rr it I rn~irr ,u: h.~n in.i~~ut~,~n ~ 1 rn.lrr .h:~ll .~~+~+ly the runds m pa~ said t~ses. ass~ssments, ~nsu~an~c pr~iniums and cr~~un~1 rrnt, I rn~lci m.,~ i~~~t :har~~• ~,,r h~~l~finc .~n~i pl~~n~ thr FtmJ;, .~nal~•nng ~aid account, or verif)ing .in~! i~,mr;ling .:ii~l :~.,r..mci~t..~n~! t,ill,. u~~l.,, I rn.f~r ~,.i~, 11,~~ruHrr ~ntirr~t ,~n the Ftm~i. :in~i applicable law permits Len~ier 1~~ make ~uch <•h.~rec Rrnuwcr and Lcn.lcr ma~• agrrr in ~ nting .~i the Unu of exC~ution oi this Mortgage that intrrc~~ un the f=unJ~ ~h:~ll hc pe~~ t~~ ~i~~r~.~wrr, aiis unlc~, ~u~h .~~re~n~rnt is maJe or applicaf~le law reqwre~ suih intercst to.he raid, t cndcr .h:ill n~~! hc rry~iire.l h+ ~.i~ R~~rr~~~~~r .~m intcrest rr ~.~rning, on the fiunds. I.ender shal) gi~c t~~ Ii~~rr~~wer, with~x~t ~harge. ;~n amiu;il a:<<~untinc ~~f thr F~~n~l. eh~~wint~ Crccfr~S anJ ~lchit4tto t}re Funds and tlte purpo~c t~~r ~?hich ~.irh ~Ichit t~~ thc I un.l. ~~.n m.~Ji• Ihr f~~n~t, .irc E~Ic.I,~•~1 .n .~~1~L~i~~n.il .t~unt}' fc~r Ihc tiunx seCUred by th~. ~turtgagc If the amoun~ th~ F=und~ h~IJ h~ I rn~1~•r. r~~c~•thcr ~+ith tn~ !u!ui~• m.~nihi~ ~n~l:illi~irn!ti uf Fim~is payabl~ ~~iuf lo the due ~1ate~ ~~f t.~~e,, :r..r»nirn~,. ~n~ut,in.r {~rrnuuin. ,~n~l ,~r,~,ir,~1 rrnh ,hell r~.~r~l thr .~m:~u^t •eyu~r~d tu pat ~aid taxes, asscssmcnh, in,ifr.~n~c ~rrrniun~. ,,i:~! ~r,,un~l rrnt. th~~ '.~II tfur. ,~~.h ~~;r,. ,h.~ll hc, ,~t li~.rruw~r'c u~~n~n, cither promptl~ rep.~id t.~ Borru+~cr ~~r ~r~di~i•il h, B~~rn~~~rr ,~n ni,~n;hl~ ;n.t.~Ilruci~l, ~~t Fun~l, If Ihc .~muunt ~~f Ihe Funds hCld h}' ! cnd~r .hall not bc ,utli~ient t~~ p;t~ ta~r.. .~ti,r..ni~rii.. in,ur.~~~,~ F~r~m~t~m. ;in~i ~m~mJ rcnts as thc}' fall dut, Borrowrr thall ~a) 1~~ I cnJrr .in~ amo~~nt nc:r~ta~~ i~~ ~ii.~1.i• nE~ tltr ~trhr~rn:~ wilhin ~n ~1:~~~ Imm thc datc nottce is mailtd by 1_endc~ to Bc,rn~Hrr rryuc~tin~ p.~~~nrnt ~hrrr~,~ Upun p~~mcnt in full ~~f all ~tum x.ur~J h~, tlii. \t~~nc.~ir I rn~lrr .h~l! ~r~~m~t(` rel~in.1 tu Bc~rruNer .~ny Funds held h}' l.~n.ler. 1( undcr p.~rag~aph IK h~r~.~t thr 1'ruE~rrt~ ,~~Iti .~i ~hr f'r,~F~rrt~ .,thccH~.r a~q~umd by l ender, Lcndtr shall ap~ly. n~~ lat~r than ~rnmrdi;~trl~ pn~~~ t~~ thr -el~ .•t th; 1'r~~i•irt~ „r i!, .~:yiii~ih~~tr h~ l.cr~~l~r an} Fund~ held by Lender .il Ihl tunc ut :tpPli~.iUe~n .ti.1u .i~;.~.n~t th~ ~uny. .~'.~~r~~i t.~ thi. \1~~tlg.t~t _ 3. Application of Paymcnls. l nlr.. .~E~~~I~..~hl~ G•~,~.~,!~, ,,rh,r~~~,; .~i~ E..~~mrnl. ~r.ri~rd M I rndcr unJer the NutC and par,+graphc I.~nd ~ hrrcul .h.~ll h~• .i~F~L~P ub I c+~~lrr ti••t ~n E,,~~mr~~r ~~t :ur~~unt; pavahic t~~ 1 cniler h}' Borro~?tr I undcr p~ragra~h ? here.~l. Ihen to ~ni~r~.r ;,._~.~ht; ,,n ~1,; ~h~•ri c.~ ~h~- ~;;n:~~,~1 thr `~•t~. .~n~l ihrn t~, imcrest and pnncipal i~n .~n}~ Futurc Ad~an~.>. 4. ('harKe~: [.iens. B~~rr~~ti.r~ .h.~!I .~II . ,.,.,n::nt, .u,~i .~!t,~r ._fi.~r~r. fi~ir. :in.l ~m~~~.it~un~ .~ttnhiitable to the Pro~crt~ ~.~hi~h may all,tin a pr:~~!it~ \t~~~t,.~_•,• .:n~l I~.~.rh,•f,t ~~.~~.nt.•nt. ~~r gmund rent5. if am. in the mantter ' pru~•~d~~1 unJrr ~er.~~raph'_ herr~~t ~~r ! n,~t ~~..:~1 :n .~i.!~ u.:n.,: ~ t-, fi..~r.~.~r! m.~l.m~ y,.~~mrnt ~~h~n due :lirecdy to the i payee thtrtut B~~ffJN~f tiFI:III E~'~~rn~ti~ turn~.i I... :'rr .~m:~.n~t, Juc un(1cr thiti p:~r~sraph. .lr.d in Ihe event E3orr.~Hir ~h.~i! m:~ke ~~)'mcni di~r.•it Firrt~~~.+; r, .h:~lf r;,,•n~~t'•, t~~n~i•ht i:• i ~~idrr rc~rij~Iti <<•wcn~ing '~i~ch payments. ; Borrot~~r shail pr.,m~,tty~ ~li,:h.i,rr an~ li.ii ~~hi,' 'i.e. .~r~~. .,~rr thi~ \1~~rt¢ik~. ~rovi.~rd. ;h.it BM~.~uCr Shall nOt be ~~yuircil t~~ ~1~~..h.~r~r .+~i~ ~ti.~i lir". I~~. L., 1{ !:.~I' .~Rr.~• ~n ..nt;n~; t.~ ~h~ ~~;~)pii)tl ut l,hc ~~hllg.ilk~n ~ccured bp ,u.h iien in a m.~nn:c :i«;~~t,~ttif~ r„ I ~~~~1, . _ ! ~u~ • ~ ,f~ Lr::'~~. ~ , .lrfrn.l rn!,~r.trn~~r; ~.,t ~u~h lien in. leg.~! prr.,•rd~n~. ~..h~~h r~~~'t.,t~ t,, . _ ' : , , . , ~ t~~tlr~t ~r~; ~~f ~1~~~ 1'r,~[~ir!~ . . '.~n} ~drl th~fCO~. 5. Ha~ard i~:.urancr. fi,,rr, . „ _ . . . , , , r ~ . ~~~r~.i~t~! ~:~.'i.! „r, •h~ f'r~~F~~rt)' intured .~~~in~t I~~., f,~ tir~ h.ii.~tJ, in.i~~.!._; ,.~~h I . . .i_ ' _ . u .h ~,~h~r hetarJ, 1 rn~l~r mati reyuire ~m1 in such .im~~nnt, :~n~l t~~~ ~~..h ,I 1 . ;,1: . , . i~1~ ~ ,i~.,t I rn,!~•r .h.~ll n,,t rruiurr th,il th~ am~~tinf of ~ tuCh ~~i~trdC~ ~\~c~•ii Ih,il .~n;~.~ii;tt ~~t . _ . , ~ , , . „ ~•~i1 r~ ~.•.a ~li~~!~t.t4~ ' 7he im~iran~~ :.irrrr ~:;~~~.icii +t~. :n~ ' f,. !i . , . . ,h,... :,p~r,,~.~1 tn I cn.ler, provided, tha! such appr:~~al ~h:ill n,,~ h; n~r:.: , .•.u;. _ . ~~.,I~.~:, •hal4 hr ~~i~i ~n th~ rnanncr ~ ~r~nide~l under p.~ragr.i~~h her.~~t ~ . . • _ . , h. (i. ..~r ;nsl~ p~~m~nt. uhen d~ie. ~i~rectly~ to the insurance carrier. AI! inturan:c ~~~l~~~c, ,~n,! rcn. , t! . , ~ . _ , , I _ . . , .;n.i .`~.,I' n.l~~dr .i .t.~n.iard m~,rtgage ~ clau,e in fa~~,r rt .~n.1 r t,~rni ~,._4" ~ ' • I ! . 1~ . ~ . ' • ~ n,~1,1 !h~• ~.~~i.ir, en~l rrnewal~ thcrcof. ~nd B~rr~~~~r .h.~'I F~;,~;1;E~tl~. t~in.,~~ ~ f~r,!~~ _ i, ~.~id (~rcmui~n. In 1hc c~~nt of loss. H~ur,,,a~: ,h.iii ei`.ti ~~r,~:n; t n~,t~.~ !h~ , ~ . ! I r~,.. :~G.~ t r.•,~~ rt ~~~s. it n,~t m:ide promptl~ ~ b}~ Hurruwer , L•SI~tS~ ~ ~Il:~~f JI7~~ Bilft,~'Ai~ -~1~1~:~.~ . .~I~ _ ~.~•1.f.i i .iiii. .~~U: fl~ .l(~r~fClj f~~ fttTl~fdI1~~11 ~~r renair of ~ lhC Pr.~~+ert} .1.int «r.'. G~t . •,!~.l ~.;:.t~ ti ':t . , r . .II~ ~it . .trid ?I;i .c~t:n!t ~~f ifu~ !11i'rtbage ~S nut ~hcr~h~ ~~n~~.~:~~~1 I: ;i,. t; ,..t,~; ~t , , . . . ~ , . ~ , r nc~ .,;:unt~. uf thr \t~~rts.~gc w•ould bi' imp:~ rrt7. 'hc ; , :.in.~ j~r,~.~c,i~ .h 'r. , . ,i, . \t, ri~.i~~ ~a;th (hc e~cr.~. if .~n}•. pa~d ~ t~• Bnrr~~wrr I! thr Pr,,E•,r•~. ~ ~.i ~ H f;.~••`•.~rr . .f i ~nd~r ~.~;thin 3O da~~ tmm the ~ cl:i~r nr,t:.r , ~:~~•.1 n~ I ~n.}cr r.~ 1;.,, . ,c . ~ :i, ~ . .'.i~n~ f~~r ~n.uran:c hrnrfit~. I ender ~ i~ aUth~~r lC.1 ~i:~.. ~r~! .~~~~~i~. 'h_' _ , _ I ~ . , ~ rc',i,~..~t:~in .~t ;Cp.i~f ~ii ihC Pm[>CRy. ~ Vf 10 lfll' ~Ulil~ .i:ll!~t~ ~ ' 'fll? ~~~~'ll.l~;C r: l ~tlr•., f :~i:lc~ .~~:~1 };~~rr~.~~.:r . i'i~:r.., . , . • . . ~ t~~ ~;~rt~iE;.il ~h.~ll n~~t rxtend ~ ,~r ~~~,tp,~r~ ;hr .f.« J.~t~ ~~f ih~ . . . . ~ , . _ ;r_ ~f , . .h.,r~_r !hr am~~~mt uf c r i ~~f Iii~rtc 2 ~u.'h n.Ie!'.;r.rn~, I; .1~f ~~.if.~~ :i~t'~ , t:. . , . 1' 4 ' . ( n •h! t'i .~r~! ~~t r ~ iw'ef ~ iil .f(li~ all\ . ..i'i.~ ~ ~ ; . ' _ - ~ ' . . . . ~~1C {~fi~~.ii'~ ~~fi~?f IJ If1C S:I~C ~ O~ ,~:yUi~i(tt~;; ~ ~ I i'~i~1~~ ' .h _ ~.l~.t'~•i~ rn~~[ .u:h ~.,le Of .icyUisitu~n. ~ 6. Presenati~~„ and ~lainf~n.in~e uf Prupcrt~: 1 c.i.~h~J~l.; (~,nil~~:niniinn.; {~IJIIIICtI [ nil 1)r~el~~pmrnh. li~~frowet ~ - ,h.ill }.c~p th~• f'n.~ctf} iit ~~~~cl r~j',ur .~r,! t~,~:~ _•t . i;~: . . :n ~ . . :n:~;:• .I~trri.~f.~U~~n .~f Ihe Pruperfy. dill~ SF7.l~i ~~'I11F~~\ '.~t!fl l~lt ~f11~~14t~1f}1 ,ii': ~i.t~i ~.i ~ ~ _ . . ~;',}~~~1.`Ilj ~f IfTI~ 1}~~lly.lt;~ 11 U;l .t iifll Ifl .7 ? :im~l~~miniun~ , : +'~i~nn~~{ un~( ,;~~.~I, ~~i it H. , ~ , 1;, , . ':~,~'..,~n~ iir..l~r It;e declarati~,n N: - ~~i ~tni~~,int. :rr.:Ln~ C~''•e~t~:r _ 'ii-. , , . . r . ~l , ~~ni: '~i: b)'-~:tt+: ,~i~~ ~i~;niehOrs Of the • > ~~m.l~~nii~i~uiu „r G~i.inn~~i u~iit .1c.~i.,~,~nr . , . .t~+ , . ;1,~. I' ~!,~ni~ni~nn ~~r ~L~nned unit Jc•.rl~~pment w n~ier i, «<"iicJ h~ Ni~rt~~~+it .in~t ri.. •.l~.1 . ; t:'i,, il . :.i~e ;h: .~•.~n ~nh .,n~i .,ereemenh c~f ~t~ch rider ~ Sheil be in~ur~~~r.iteil ~ntr ~i~~ .h.:ll ,ini.r;~1 .~n,t .~E~~~I..,,~.~, ,t,:• .~.~nt~ .~n~! .i_•i:mrntti ~~t Ihn ti1~~rtge~r as if Ihe rider ~ were a p~rt hereof. ~ 7. Proteclion of I.ender'ti Securil~. lt li,~rr,~.+er r.~ ~~rf,~rni thr crnen:,nlt .~n~l .i~rrements c~~ntained in this 41o~igege. ur if an) .~~Uc~n ~~r prn:ec~l~n~ .~~n~mrn;e.i .~hi.h mat~riall} .,f(~~ts L~n~?er~s intere~t in the Properiy, including. hut not fimited t~~. ~mim_nt d~~rn~un. in:~l~cn:~. ~~~de rnf~~r;en~ent ~~r :,rr;ingementi or pru:eedings ~nvolving a ~ hankrup: ur cic.~~enf. Ihen l.cndcr .?t I cn.lrr~. ~~~~r.~r. u; .~n n~~t~tr t,~ f3~~rr~~.+~r. rn.i} makc tiu~h a~+pearances, disburse such ~ , ~ sums and take wch a:ti.m is ne~e~,an pr,~tr.t 1 cndcr~. ~nrcrc~t. ~n.~,~~i~ng. hut nc~t Iim~teJ to, disbursement of ~ reasonable attorney~'s t~es and entry i~~~~n the Pr~~prri} t~~ m.~F.r r~~,~,r~ 1~ I rndcr reyuire~ mortgage insurance as a condiuon of making the loan SecureJ by th~ti ~1~~rig.,~r, B~~rr,~~~~r sh.~ll F~a} [he premiums required to maintain sueh - ~ insurance in ePfect until siich t~me as the reyinr~mcnt for ,uch insuran~e terminates in accordance wit~, Borrower's and ~ . ar~ 4~ ~ ~ ~ ~'''='i~; ~ . ~ ~ i } ~L`V 3~d~ ~?~vt' ~1• ; ' - - - • _ _.'..m".,,..