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HomeMy WebLinkAbout0952 r~~?~vd UNIFORM C~t)\'FN~N15. B(~f(UK'tf and irnJ~r cu~enam ~nd agret as foll~~wc~ 1. P~yment ot Principal and Interctil. H~~rrrHrr thall prumpUy pay ..hcn duc ~hr principal uf and interest on tht indebtcdness c~~Jencc~ by thti Nutr, prrpaym~nt anJ late ch:~rgcc a. ~ruvided in thc tiote. and the prin~ipal ot and intercst on any Futurc Advahccs secur~d b~~ ihis I~f~~r~gagc 2. Fonds ~or Tnices and Insur~oce.~ $ubjc.t tu appli~ablc law or to a«ritten u~a~ver by Lendrr. Borrower shall pay to [~nder on ~hc da~~ mm~~hiy inctaNmrnt~'~f pnn.ip;~l ,ind ~ntrrr~~ arr payahle unJer thc Nute, unUl the N~~te paid in full, a sum (herein "Funils") cqual te? ~~ne-Fwel(th u( thr ye:~~l~ ta~r. anJ a,uscmeMc ~~hich may ~ttain pru~rily over this Mortgagc, an,f gruund rrnh.~i; thr Pn~pcn~, ~f am. p;u~ ~mr-t•.~cl(th ~~f ~c~rl~ ~rrm,um inctallmrnt~ for hatard ~ncurance. plus one-t~rl(th ~~f ~early premium in~t.i~~111C~I~ ft+f I~1~~~I~;;f~C intiur,~nce, i( any. all r~•n~unably e~tim.~ll~~ ~nhiatl~~ and (r~m time lo Umt b}' Lender on lh~ h~~it of a.~eumrn~, ui~l hillt :in.i r~.~u~n.ih!r c;uin.~~c, thrttof. Tlte 1-~unJti ~hall h~ hclJ in .~n in.ti?uti~~n the ~1~p,~~it. ,~i .~i:uunt~ ~il a•hich at~ jnw~i~ ut guarKiuee~f ry a Fccfera! or state agcn~~ ~ inclu~lu~~ I ~ndrr ~t I cr,Jrr ,u; h.~n ~n.i~~uti~~n ~ I ~n~rr .h,~ll .~~~i~ thc Fundc tc~ pa~• 53id Iaxe~, assessments, insUran~~ prrrniumti .inci gri~uri~l r~nt~ I i•n~1er nia~ n~~t .h.ir~r t~~r h~~l~lna~ .,nil .i; ~I~in~ thr Fundc; .,n,~l~iinb ~ai~i account, or verif}ing :~n~i ~~~,~„~~i~„~ ~:i~il a.~r..mrnh .~n~; hi~l.. un;~., I rnit~r j,,~~. li~+rr.~Wrr inl~rr,l ,~n the Fund. a~d a(~plicablt law. permits Len~ier to make sueh a cha~~t H~~n~~Ntr and l.cinl~r m~~ aerrr in w~itinc ~t ~hr tinee of 'e~ecutiort of this MortF;ige th.it ~n~rrest ~~n the FunJs ~h~ll ~c pai.i t.~ R~~rmKrr. :~n~ unlc~s ~u~h agrccment is made or aipplidabla law requires su~h ~ntcrr,t t,. t,e paid, 1'cnder.halt ~~ot h~: rritu~r~J t~~ pa}• ft,,r~~~wer .~ny ~ntcrest or earnings on the Funds. I.ender shall gi~e t„ li;,rr~~wer. ~+ithout ~h.~r~~. .~n :innii.~l ,~:.~~untint ~~f ih. 1 iin~l. .h~~~in~; ~re~Gt~ :~nJ ~lehits l~~ Ihe f=unds and lhe pur~~s: t~~r ~~hi~h ~•:~rh Jrh~~ t~~ thc I tin~!~ nt.iJr Ihi 1 un~t~ .~ir ~~IrJ~i~1 .t~ .n1Ji~i~~n,~1 ,;~t1r~t)' fcu thC ~um~ secured b~• th~~ \lurtgagc If the amoun[ ~~f thr Fund~ hrld h~ I rn~lii. h+r~~rhrr .~ith thr tuturr mnnthl~ ~n.r.~~lmcntti u( Fun.15 papablC pnor to th~ duc date~ ~~t t.~~e., :n.r~.n;rnt,. irnur.~r~.~• ~.rri~,iu!u. ,in.l ~r,•,in~i ~rnt. ~h.ill r~:r~J ihr .+:n~~unt reyuired t~, p~} said taxes, assessmrnt.. ~mur.~n~c ~rrmiursi, ,~nd ~n,un~l rrnt, ih~~ ~.~II ~tur .~«h c~.r,. .h.~ll hc. .~t l3~~rn~wrr'~ o~tiun, either promptl~ rc~.,i~l tu Borr~~~~r ur crrJiic.f H~~rn~~,+rr ,~n m~~n;hl~ ~n.t.~llrn~nt, :~f FunJ, U thc .~muunt ~,f the Funds held b~• I~nd.r ,hail not h~ ~ufli~ienl ti~ pa} t.~~~~. .~~.r,.n,rntti in.:ir.~n,~ prrm~um. .sn:l gr~~unJ rrnts as ~hc}' fall due, Bormwrr shall t~• I enJer :~m• zintcnint m\'r~~;ir~ t~~ ~n.i~r u~ thr .irh:~~n~~ w~thin 10 .i.~t. tmm the date nonce is mailed by l.cndcr tu B~~rru~~r r~~~ue~hn~; p:~~mrnt thrr~,~t . _ lipon ~.t~ntcnt in full i~f 111 ~u;tt> >~.'urr.1 h) lf~~~ ~1,,n~.i~~. I rn~lrr ~h~ll ~-.rut!~~ll) rclun~l ti~ ~3nrrur.er any Funds held h}' I en.l~r. It under ~~.ir,igtaph Ih n~rt.~t th~ I'ru~~rr~y .r~l~ thr )'r~~~~rrt~ .~th~r~~„r a:yu~rcd by (_en~ltr, Lender shall ap~ly. na I;~Irr Ih:~n imntcdi:itrl~ pri,,r t~~ thr .alr th~ I'r~~~~rrt: ,~r ~t, .~:yw~u~~~n h} I.cn~fer any Funda held by LCI1dCr .il Ihc hrn~ ~~f a(~P~I~.th~~n a, .i .r_.tit .lL.i n~! Ih. ,;:~tt. ~i'.uft'~! h~ th~~ \1;+rll'.~l'~ 3. Application of Pa)tttcnl~. l i~!r.. .i~~~~li,.~i~li Lt~~ E~t,~.~,~,~ ,~!hrr:~~,r ,:'I ~~.~~:ttrnh r~;titi~d h~ I rndcr unJer ~ht N~~IC and p:u.igr.~phti I.ind ? h~re~~t ,h.~l! h~ ,i~;.l~eci h~ I cnJri fir.t ~n r.:~nii•nr ~~t .un~~i~nt~ p:?1~hle t~~ 1 eniler ht' Borrov~er under p~ragra~h 2 hcre~~f. thciz ~ntrr~.t ~,..~:~hl: ,~n thc ?~~tc :hcn h~ Ihr F•nr~:i~~:tl thr !`~t~, anc) th~n tn inierest and princ~pal urt ant Futurr Ad~•an~c.. 4. Char~e~: I.iens. Bi~ffU~~CI ~f?.~!~ E~.~\ ?.i~i~ ....~'~.:riiflt~ .ii;~j ~~i~li! :f1.if~C~ f1~1C~ dfl~~ tlll(4~~IIii~I1C .11If1h1lldf/~C t0 the Propem ~~hi~t~ n~ay~ attain a~.r,~~rit~ ,~~rr ~t~~r~.;.~_•; .:n~f Ic.,~rh,~~~i ~~.,~mrnr, ,~r gr~~und rent~. if an}. in the manMr pr~~vi~fc.i un~lrr ~,,~r.:graph ? hrir,~r ~,r ! c:,~? E,,::i n.;:,~ ~n,r,... ~ h. I~ ~i~~~arr n~ ~l.in~ ~.~tim~nt ~.hen duc. .1;rectly to 1he (11~~CC I~1Cf~~~( B~~rruH~er ~F1~II (~Nflt~)N1 !UfQ:~ft ~i~ ~_~:I~~l~'( t~~~l:~c• ~r~ .ifTl~l~~ll(~ .IU~ 1111d1'f (f11~ ~Jf:l?~'fJ~fl, aad in.the event I3or.~~~.~er ~h.u': nt.tl,~ paym~nl d~rr~~~~ f~.•~t~•~~r~ ,h.ill a~tu:n;~li~ liuni,h t~~ I t•n~.r rrc~ipl~ c'.ideni~n~ Su:h paymtnts. Botrou~~ ~h:~~l ~~mm~(1) Ji.,h.~•:i an: ii:i~ ..r,i~~. ,,';~~.t~ ~...r t~~~~ \l.~rtga~~: ~tr~~~~Jc.l. tltal Rrrr.~u~er ~hal! not bC *c(~UIfC(~ i~:~.fl.if~l' .f'l~ ~!~.fl ~i~: n „ ~i . . . , ,~,.1~~ ~'ii ~•rt~:tt~• f~~ fhC (~:1\ill~ilT (~f ff1C ~~h11Y3S1~~t1 .ecured b}~ ,u~h Iten in ~ m.~nn~r :~«r:`t.~h;~ I ~.,,;I_.^ . _ ..t~. • .h ':~ci~ h. . :iefcr~~1 rnt,~r.~ni~nt ;,t ,u:h litn in, ie~.i! pm.r,~linL~ ~~hi~h ~~~•rr.~t~ t~~ ~;r. . ~ • , . ~ , . '~•ttr;t i~~ thr 1't•,E~~ri~ , '.~n) F~rf t~rreof. S• Ha~ard In.uranre. It.~r,~.,r; . .n,~_ ~ . . . . , r~~ . . '~crr.~tt:r .r~.;r.i ,,r. the Pr,~~rrty incured .~~;~ir~st I~~c, hti firr. h.~r.trcl, imi;~,i:~i ~.~'h n.th; ,,.~.lr,! ,~~,c;.~~r .~n:! ,u.h ~~ther hazard, a~ l rn~ler ~ia} require .~n: ~n ~u~h .~n;.~~~nh ;tn~t '~~r ,~i.h . _ i ~.,~!;~r:. ;•r,~.~~li.l !h.~t 1 in,l~r .hall n~~t r~yuirr th~l thc amount'of su~h ,_~,~er.,~~ ri::~•~l !ii.~~ .~ni,,i~~:r . . . _ _ . + , . . ~ . . i,~ ~ ~t~~rt~;.i~~• -fhc in5~~rancr .,irr.~r ~~:~~.ii1i rh: ,r .::r {i~ .,.r .~~i~r~~! ap~ r~,~.~1 hv Lcn~icr, pra~idcd, that SUih 3~?E1f~~t3~ .h:i~~ Il~~! h~ ~t'f:.:- ~ ;i;. .r?~~~:..n.i ~i~!~.ii'i ~h3~~ hC ~~31.~ t!~ [hC manner pr.n~ded :inder par.~gr.~pii t;:~r,~t .•t •i,~', , . h~. {1 . , ~~r tna~. n~; ~.itm~nt. uhen du~, ~1~rectl}' to tht insurancc carrier. i .~Il in~uran:r E,,~li.ie. .in,! i~~~~.:.~.; t; ~r:.~~ .h.,! . . _ , ~ I , .~n ~ ,h.~l! :r,:lud~ .t `1.m.1:~rd rnurtgage ~ clauie in f~~~,r ~~1 anJ r t, ;ni .i..~~~! f!',_ . I I ...:i.: _ . ;i~i~' ti,~~~ 'ii: ~,~!t.i~, .in: ;rne~al~ thereof. ~ ~nd Born~~+er.h,,'I pr„n~E~tl~ tun~~~t; t~, I.r:.!:r .~;I ~ :~t ,~.:i~l ~ rcm~~~n„ In the e~tnt of loss. . . . i . . ~ ~ . , ~Ufh~'A~C[ ~h.ll~ 1~i~i ~?f~~, :~I I1~~?i.~ 'ft, ,~.i~. ~ . ~ . i . ..:i.l' t ~~1 ~~+s~ II flt~I tllade~pr~,mpd}~ k h}' ~U(l~~K'Cf. . k S ~~fl~C'SS ~ Cf1~~C.' .tfli~ Bt~ff.~aCl ~~ifl::.~ . ' I•:~ ~ . .i ~,'.~.ii~~~ ~`.f~i h~ .l~i~ ~Itd Ii~ lttil~lfdht~~1 ~~f fC(/31f Of ~ [h~ Pr.>pert~ ,1.in~.:~.,!. {~r.~.•,!r.! ._h t~~!.~:,~',.~i~ . _ , . _..:il~ _.,.~r.:, .:~,d ;h~ .~cunl~ ~~f ih:~ 11i~rl~,~ge is ~ fl:~I ~hC~~h\ Ifll~'.~..~i,~., f~ ;.~.i~~f i. ~ ~ „ u. t}ll i:Uf~l\ i~f th~=, ~t~~rtg.~g~ WOU~d b~ ,mp.iir~d. th~ ~.~n.~ ^ ~,i h r ~ \1.~rt i~ .+;ih th~ c~~eti,. ~t .~ny. Paid !l~ B~~f~~.H~'f ~I !f:C ~~;:+~Ct;~ n .i~,~.!~I •:~~~I I E;,..~.~.._. ' f:~.~~' ,~~.~i': ~ I ~n~if '.c~(Fl~~t 311 l~:l\~1 tn,m the ~,~ti n~~t..i ~ ,~iJ h~ I ~niler Br; ~ _ , . . , '~r. . ~ . .~.i:n~ f~~r nt~u~:tn:r h~nefit~, 1 ender i, .iuth;,r.ir.! .•~li::' ~n~+. ~~I~ ihe .:r., , :c,_~i. I ~ . _ t,~ ~c.~:~:.~;~~~;i .~r rc,~air ~~t IhC Prc~pefty ;~r t~> th~ ~u~~:, .~_urr.l ` ~hi, ~1~~;It~aki ~ l n;~~„ i , ~i . u~~i fs,~rr ~ ~ th _ . . . ; . , _ , , , ~ • . tl ~ ~ end .~r , 1:~ F.:,t~.iF :~l ,h., nc t ~t ~ ~t .h.u~,r th~~ amuunl o( ~ ~~r ~+;~~tp„r~ ~ J.~t~ ,~t !h~ n, t. _ , ~ . , `r , ,u.h :nt,~l~n,r,,. ~,Irr {~.ir.~c~.,~, ~ ~ f' 1 r h• •:c .~n.; :r~~cr~,t ~~t B~irn,wer ~n ..::~5 t, ,~n~. ~ , ~ ~ : , . . ~ ~ ~n~ {'r.~~-r:n ~n,,r t., thc sale ~~r ~.yu„rt~~~. ! . I ~,~~ic; ~ ;h_ ~ _ . . . . . . . ~ i .~t:{~ ~ r,~ ~ ~ .u::h ~ale or ~ ~~ytnstti~~n. ~ ~ 6. Prc~enatiun ~nd ~IUIIIIcll:lll~(' n~ I'r~ipcrt~: 1 r.~.~h~~l~l.: l~ni~lununii;in.: 1'I~nnc•d l nil I)r~clup~ncnt~. f~,~rrowcr K s. ,h.ili ~.r~~? (t~~ 1'r~~F,crri ~n 5~~, ~ t~l•,~:r .~r~! h,ul . . . n~i' . . . . ' ' . ~i, ~~nc„' ~~r ,1~tiu~,t.ih~~n ~~f f}u Pmpefl} ~ f~: ~n~l shel; ..~mE~l~ .~~ch th~ pr~~is~„ns uf ~1 Ir.+.chrid lt thi, \t„rlr,~r_~ r:~ ,;nit in a :~n,i„miniuni , . }~I.inn~~1 un:t .1 n... R ~ ~ - . , . „ ti ~ . , ~,~:,,~n~ .l~r lf:~ .1~.I~rati~~n ~ ~E.~~' i~( .~ri~tl,tflh t!i.~Ii~l~; C~~'•C7tt.~ ; . . . , , . : . _.j . .~•~•7;. , ~c7~' U}~-iaK~. .iti~ f~.~~~.itIV115 of~ the ` ~~~II~~URI~IIIUfll t~l l)~d(lll~c~ ~~t11I .~i~.i~ ~~,C-, ~ . ~:.il~.i.~ . ~ .,,c.'„~m;nium :lf ~ 1i ~ f ~lflfll'l~ Ilt( ~~C~'t~Vpment ~ ~I~~Cf C\«U(C~ f~1 {SUfI~~NC( ...`~t :i.~,~.j.i~ . _ci.._~ .~~,tl.~ ~~~'fiC,itit 1h~ .i~'.~~tLi!ll~ dilt~ eCf~CRlCflh (~f .i1Cfl fll~Cf ~ ~h~ll be iu~urp~~t.ilr.t inti~ en~l .h.~l' .~ni:n~1 .~n,i~ ,~~~}~,I_,.,.,~, , ,~.•i.~r!. .:n,l .~<<r~mrr.ts ~~f !hn !~1~~r!6aSt as ~f (fie tider ; were a ~.,rt hereof. 7. Protection of Lender'c Securit}. I( fi.~rr~~•.+~r :.i ~~~rf ~rm tfic c~~~~n:+ntt am: agreentents r~nta~ned in this ~ ~ `lurtgagc, ur if any a:ti~m ~~r pro~e~~i~n~ :~~n~mrn:e,l .~h~,i~ m.~trriall~ .~fTc.t~ Len.ier's ~nterest in !he Property, ~ ~ncluding. hut rn~t hm~ted t~~. rm~ncnt d~~m:~m ~n:nltcnc~. ~~~dc rnf~u~cmcnt. ~~r ;~rran~;cm~nt~ or pr~xeedin3s involvir.g a ~ hankrupt or :Ic~~~Jcnt. thrn I cnJer at 1 tn.itr. ,~t,~ u~,~n n~~i:;~ Fi,~rr~+Ntr. ni,,~ makc wch a~prarances. disburse such wms and take such :~.u~~n a: is ne~e~~an t~~ E~r~~t~,r lend~r. ~nrr•rtit. ~n;lu~f~ng hut n~t lim~teJ tn, disbursement of ~ reasonable attomcy', ter~ and entry u~rn th. Pr,~p~rt} t~~ m.~l.~, r~~,ur. If Lcn~er reyuireJ murtbage inwrance as a condition of making the loan sccured by ~h~` ~t.~r~~;.+ec. Burr~~w~r sh.~{I pa~ the premwms reqwred to maintzin such ~ insuranee in efiect until such time as ihe reyinr~ment (or such ~nsucan;e ternunates in acentdance with Borrower's and ~ ~ ' . ~ ~)Re~y~ ~ . ; f _ DtAiE~i+7J Pu;E ~ " ~ . , . . _ ~ l . ~ s <x; - ~ w~ - ~3.: ~t;