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HomeMy WebLinkAbout0959 ~~~~.t~~i UNIFORM C~O~'fN1Ni5. BOffO\?t~ and LenJer cu~enant a~d aRrrc at f~~ll~~~a~ 1. P~ymrnt ot Principal and Interest. Hurr~•~+rr ~hall prumpll~ pry ~hen due thr principal of and interest on the indebtedncu r~~dcnrcJ by tn~ tiutr, prepaymrnt anJ lat~ ~h:~rg~. a. ~ruvi~rd ~n the ti~,tc. ancl thc prinripai o( and interes~ on any Puture Ad~'ancec secure.l b~ thi. M~~rtgag~ 2. F'tmds tor Taxes and Insurance.' Subjc~t to ~ppli~abic law• or to a~.riuen ~a~ver by Lrnder, Borrowrr shall pay ro I.tndcr en the Aa~~ monthh~'mctatlment~ of pnn.ip:~1 .~nd intrrr~t arr E~a}•ahle unJrr th~ Nutc, until the tiute iti paid in [ull, a sum (herein "f=un~is") ~qual to .~AC~lwelith .~f ~hr ~r:+rl~ ta~e. an.l a~,c~~mentc «hich ma~ attain pn~~rily mer this Mortgagc, an.l ~ruund rcnts .~n thr Propcrt~. ~f an~. ~In, rnc-t~.~rifth ~~f ~r,rl~• pr~mium installmcnt~ for harard mwranct, plus une-MriCth ~,f ~rarl~• prerrium ~n~t.illment~ t~~r m~~itgacc ~n,;~r,~iur, if an~. all r~a,~~nahh~ e~timated iniuall~ and from time to time b}• Lendcr on thr ba~i. of .~+.r,.n,rnt. nn~l h~il. : n~1 ;~a;un:,hl~ ~;~~m.~~c. ~hcreof. The Fun~1ti ~hall hc hcl.i in :~n ~n.t~ni!:nn thr ci~~,~ti~~. .~r .~:~••~uni, ~~t a~h~:h arr ~n.ur~~ or guar.~ntee~t b~ a Fcaeral Or state aRr~ec~ Iin~ludinG I rnder ~t I~n~irr „,u~h ,~n in.~iiut~.,n~ I rnifer ~h:~lt .~~pl~ the Fundc m Fia> sa~d ia~e;, assessrtitnts, ~nsur~nc~ pr~;niums :~ml grc~unJ ri•nt, I rn.lei ni:i~ n.~t .har~r ;~,r h~~l,l~!~c .~n~i :i; nl~~ng thr F~'unJs. :ui~l~nng.aid account, or venfy~ng :~n~1 c~~rn~~~l~ng ~:u~l a~~r~~mrnt~ an:! hill~. unlr.. I~nilir E~.i~. H„rt~~Her intrr~.1 ~~n !hc Fun~i, :~nd applicable law perm~ts l.en.i~r tc, m11~r surh ~ rharg~ Bi•rroHCr and l.r~i~ler may :+crc~ in ariUl~1 ~t ttir tin~q of e~ec?¢iOn Of this '~lortgabe th:it intrrest un tMc FuaJt .h.~ll Fk pai~ tr Eiurmwrr. .in~f u~ilc•> >uch :~g~rrmcnt i= niaJe or applicabla law requires su.•h interc~t tqhe {+ai~1, l,cn~icr .h.~ll nrt hc nau~r~.l t~~ p.~> R~~rr~,.~rr .~n~ int~rest.~~r carning~ un the Fupds. i,ender shall gi~e t~~ fi~~rr~~wer, ~+ithottt cli.~r~c. ~n ~r.n~t:~l :~;c,~nnl~ir~ , f the f untt~ th~~~+~n,; credilt 1n~ ~lefiiis IO the PUnAs and the pufpose !~v «h~:h r.~~h il~hit ihc f iittJ. un, in.~Ji' Ih~• 1 i:r.~l, .iic ~~ic~l_~~.~ .i, .i~l~liR~~n.~l ..~uril) (e~r Ihe tiumi secured b~• this \t~,rt~;agr If the amuunt ~~f th~ f~und; hrld ht I~n~l~~. t~~~~rthrr "i~h thi lutu~r m~,nN~l~ in~t.illmrntc t~f Fun.1, ~.~t.ihlc prior to lhc due ~1;~leti ~~f t.~~~~, .~~~r~+n~~r,t~. ~mur.ui.~ ~r~it~iuin, .inJ cr„ui~~! trnh, •h:il+. ~~.riJ thr .~r.i,~unt reyuircd t~~ E1d1' S31L~ I3C~S, assessmrnt.. imur,~m~ ~rrnuun~, .~n~1 ~n,uncl rrnh th~~ ~.~11 ~fur .u,h e~.r„ .h.~ll h~. .~t 13~~rr~~Hrr'c o~~u~n, c~ther promptl~ rrp.~id tu Borm~~cr ~,r ~trditr~l t~~ li;~rr.~~~ir ,~n m~~n~hl~ ni.t.~ilm~nt, rf F~in~l. If thc ,~muunt the Funds held b~' lendcr ,hal~ n~~l be ,u~t~:ient tu pa} L+~i. .~~ti~,.niir.t~ in.ut.:n~~ ~~tcmititn. :~n~1 ~r~~untl rzr.(S as th~~' fall dut, Borrowcr shail ~a} t~~ I c~~~irr .~n~ :amuunt ~~.:rs•~<< t~~ „~.~t~r ~i~ t)se ~irh~~rn;~ Hithin i0 ~ia~, Ir~m the datc nohce is mailed by Lendcr to Burn,Hrr rryur~t~n~ F~a}mrnt thcr~•„t - Upon ps~m~nt in full ut all ~um~ ~c.urrJ t,} thi, \t~+r~~.~cr. I ~ii~lcr .h~ll E~r~~mE,tl~ r~fiin.l ti~ Bi~rti~~+er :~ny Funds held h}~ I enJer. tf undir paragtaph IR hr«ul thr Pru~~it~ i, .~~I~ thi I'r,~~~rrt~ n~~thcr~i,~ a,yu~r~d by Lcnder.•Lender shall :tp~i}'. nr I:itrr th.in uiim~Ji.itrl~ ~•r~,~r t~~ thr .air ~,t th~ i'„~{~. rt~ ii. .,cyiutiit~un h~ I.cndcr an~ Fund~ held by Lendrr et (hc hmC i~t .~~~PI~c;~Uoi! .r~':1i1 ,it,i n.! thr ~uni. ~r.u~r~! h~. Ihi. ~l~~rlK:+f',i • 3. Applicaliun of Pa}mcnls. l~~!~„ .~~~~~t~..~~~1~ L«, ~,r,,•.~,±.•; ,,th:n.~.~ .~II E,.~~mrnt. rr.~;~rJ h~ I rnder un~ler the , Ni,te and par.igraphc 1.ind ? hrrruS ,h.il~ hc .i~+E~l~r~1 h~ I cnilri tir.t in E~.~~nir~~~ ~+t .~~n~~iinh pa~~hle t~~ 1 cnJer h~• Borrowe~ undrr paragr.~~h ? hcre.~f. ih~n tv ~nirrr,~ ~•.:~.ihlr ,~n th: \,~r~ tht•n i~, th~ ~nn;ir:~l ~,t thr Nc,t~. anc! ~hrn t~~ intcrest and pnnc~pal ~,n em Future Ad~an~c.. 4. Char~;e~: [.iens. B~~rru~.cr ,h.~!! ;~.i: .~{I !.:<< ~,.•:,,r::~~t. ,~~~~i ,~~hrr .h.,r~r. finr~ ;u,J ~m~~~,it~~,n. at[nhutahle to :hr Propertc 1+hi~h may att;~in a pr.~nt~ ,,.~r ~t,~. ~t~~~ r_.~_,• .:~~~i !~.~~~•t:.•!.t ;~.n rncnt, ~~r ~r~,~m~i ren~e. if am•. in the manner pt~~~id~~1 unJ~r ~.~ragr.~ph ? h~r~~+t .~r ~ r;,~t j~.~ ,f .u n.~;~.., r f,,, 1{ r,,«~~r ni.ii.~n~ ~~a}rnrnt. ~~hcn due, ~iirectly to the pa}ee thcrec~i f3~~rruwer ~h~lt prvinp;l~ ?,::n,,i: r,• t ~:•.:c: .:tl u,~~~~:. .~~n,~:~nt. .lu~ :inder th~, p:.ragraph, .,nJ in the e~•tnt Borr~n~er .h.i;l makc pa~•mc~~t du~.tl~ ~i;~r~~~.~: t.++.~!1 r;~~~~,~~~'~. t:~rni.h t~~ 1 rn:t~r re.ri~+~, ~.~dCn~~ng ~slich' pa}•rrten[s. E3o:rouer ~h~ll E~n,mrlh .l~.rh.irt~• .~n~• 4~•A ~.h~.l~ 1~.1.. ~,rr~.; i~ ,~~cr thi. \k~?ft~:~i~•- (~n~~;~I~d. Ih:~t K~rmwer ~h:~14 tMl~be -~yu~re~i ~1.~.h.~r~r .+~i~ •u.i~ Lr~i • ~ , li , ,t~.~ll .:tir.•~ ir~ •+!itin. 1~~ ih~ pe)htcnl t~t th~~ ~~bligali.tn ;ea~red 6y~ ~u:h lien ~n a m,:nn~r a~cr~ t,~hi; I<<,,(:• ,i .h liri~ h•. .:lefcn~l ~n',,r.r=n~nt tiu~h lien ~n, !e~.ll p[~~~C«1~n1;• uh~~h! ~~(~C:.i:i ~ , _ , , . ~ , . r!i:t~:~: .,r ,hr Pr.~~,rr~l ~ '.~nj ~~art I!7Cfeof. 5. Haiard Inwr.~n.r. li,~:~, :.r . , , . , . -,L . . t~~•rr.~t;rr cr..;r.1 ,~r tiie Pr,~~~rrt} imured .~~ain~t I~,., hc fir~. h.~i.tr.l, in.l~"Jr.? ; ri _ ,1: ~n,! .,h ,,?hi~ h.i~ard~ a. 1:rd~t me~ reyuire .~n~l in su~h .~ni~~~int, .~n~l t~~r .u,~ i ; .i,_ . . .;:I~_ ' t`i.~t 1 ~~i.~.r .iiali n, [ n_•yvirr [h.~t the ~in~~unCaf suih ~~,•.rr.t~~ r~,~r.i th.~r .~ni:::,r' , ~ . , ' . ~ ~r.' F.•. < ~t~~!'c.~~;: ~f~hc imursn:e :.~rncr E~~r~~.i~t ;hr ...:n.~. . h~. li: rr, ,~,1,~~.t t;~ :ip~-~,~el hy Len;ier, pro~ided, that Slt~F1 :lr(~ft~~:il ,f13~~ ~5i~[ h: i~~.:.~ ~.t~ :.~r~,' :;ij \i: .:ti ~ . :n.t;;.~n:~ ~~,i~~.tt~ ~fl:l~~ h~ ~:il~~ !n iflt manner ! pn,~•ide~ undrr ~.~r.~gr.i~,!~ 2 hrtr~~r ~r n~~; t,.~~~i ;~i ~~~.h ni.~rn~r h~. li. rr,~.«r mak~ng pa~ment. when d~e. directly to the insurancc carrirr. Ail inSUran.~ 1~.~I~~,~, .in.! r~n~.~.i:, t;•.~. ' . :r , . ~ I . . .:;i~! •h.~l! n~lnil~ tit.~n~t.~~d mortgage ` ~lau~e ;n f~~~~r ,.f ,~nJ E,~rn~ ,~...E~'.,~~'r i ~ ! . .i, r ~ . . i.:. . h,~l~ ~+,~'.i.i~, en.i r~newal~ th~reof. ~nJ B<~rn,Ker .h.+!I (~r,~n~~`tl~ t~irn~,t; t~~ I i r~,!c; , , . . _ , . i;'t. ~.~t ~•.ud ~rrmn~in. (n Ihe C~~en( of lOSS. B~irr.~'.~Cr sh.ill ~:n~ ~,r; n~~~,.~ !h~ a . ' ! . ! . . . . ..:i ~ , , rt i[ r.~t n~,iile pn,mpll) ~ b}~ Burruwrr . f LII~tSS ~ tllc~~' .~fl~~ Bi~fl.~•'~~CI .~f~t~(~~,.~ .1::~.' . . f~.~ _ ~ . .i~.f~ ~E'.~~i .f(~~~It(~ Ic~ rc;!,~r.iti~}n i~( re~air of ~ [FC Pr.~pert} ~;.itu.~~i.l. ~~r~~.!,'~~i ..h ti•t;+:a'.:.~~~ , _ . . il~ ....i•' ~ i~u! ~1~~ •r,unt~ o( th~~ \1~rt~age ~S ~ n.~l ther~h~ fm,~a.-r~1 f' u.t; ,..;~~,.~t . ~ ~r,~.,,. , ~ . . . rhe .~:unt~ uf thi~ ~t~~reg.ige would ~ br imp:ured. ;hc :r.~n.~ `r, . ,h.~;i ~r .,i~ ~l~:.i . , _ , ! . ;h~ \t.~rt_ +~r ~,~:=h ihe e~~c.~. if .~n}~. paid ~ Ir, Bi~rr~~utr li Ihi Pr:~(~~f(~ t~ ,,!•.~'~~!.,:~r~l ~ {i•~~, ' fi ..,~rr ..1 1 Cn~ir u'~Ihin 3O d3~~ lfc~m 1F12 ~ J.~!c n~~t J h~ I~n~ier ft~.~' ~ _ r~ ~~i~ n~ f~~r ~n.uran:r nrnrf~i,. 1 ender l, .iUlfl~~f~/Ct~ `i~' ! ~rl:! .i~~( '}P: I. I ~ '.1' 1~~ rCei~':.~;~i~ll JT f~F7:ilf lf1C ~~OpCfl~ ~ Uf :U lt1C ~Uf:l. ~~-;!.1fC~~ ' 'F~li ~~n;(g~qi. ~ L It~c~.. 1 ~!~ti~:r ..ii:l~ }~-.~ff•~~~~i- . i!~.,;~... . ~ _ ' ~ _ ~ . , . . ~ , . , ,:'iij~ ;~iI~IE~d~ ~Fi.l~~ fl~~I c~tend ~r ~.,,l~„~ . t~~r ~t~,. ,I.~;~ ~•t th ~ . _ ~.i_ , ~h.~•i~c thc am~~unt c~f ~ ,u~h ~~,l~l~.,,rni, 1' ~.:rr E~er~_ ~ t~. , I , ~ I . . . ~h' ~,;'r .~n.i t~rr~! ,~t Fi~rrower ~n .~nd .tn~. . . _ . , . . ~ , , thr 1'~ ~~,tri~ ~ n,,r f,, Ih~ sale ?~f .t:yUl~IhI~R ~~'.i!.+~~.1•? ~.Cll~l'I . ~ 1h~ i~. , , ' . . , ~ . , . . ' i.~:a'iit ~'f:1~; i~ ?UCfI ~J~C' Of ~ s.yinsih~>n. ~ _ ~ 6. Presr~~:~liun sud ~laint~nan~c nf Pr~~pcrt~: ! r.~~~l~~~l~l.; 1~~uilniinniuni.: !'tannc~l l ni1 1)r~elopnu•nh. l1nrroµer + ,h.,l~ K~cp thr !'r,~E~crt~ in ~~~.~cJ r~,l~.~~. .t;.~~~ , ~ , . . . .n~ . cnr; ;~r .lr;~;i~~;.~nrn ~~f tii~ Pr.~pert ) v ~n~l ~h.,l; ~~~r~iE,l~ ..ilh tFe pt~n~c;,~~s ~~t . ~~.t,: „ , , .',~~~d It thi; ~1,~rlb.~;: i, i~:; unit ~n a ~ :on~l.,min~um , r .i }~l~nn:ii :m;! ,!_.r; ;,t:.. It, , . ' . ,~i~ .~t fi , . ,`!,~et,, , ; tu:~.r ~h~ .~c.l.iratiun Ui .U~Clt.tflf~ _tr.il;t+~. L~•~Cfr ;C ,it., . ~ . . ..:j ~i~-~. ~~~~f1L _ ..;i b)~:.i'.~• _f1i~ fC~u~etl~~ll~ Uf the t ~ ~ ~ ~~~!„lurn~n~uni ur E~!ann~~1 ,~iut ..~.r;.~~,n~. . . _.i~r • . ..:n~;~,~~. It .,~~,,!,,m~n~nm ~r E~f.~^ned unit .ic~~cl~~pment _ n~ler ~~e~ulr:1 h~ Bur~,~u~r ,~r.! r~..,r.lr~; .,~rt;:; .,:th: r'r,:. \t rt~,,,e. thi .~••.ri:,~nh end .~greemrnlti ~f .u:h nder r ' _ ~ shelf be ui~urp,~ra~cJ ~nt~~ .i!~~l ,h.~lt ,~n~~i;c1 I..:,~~~',_~~i~n; tt,: ~:~•.~n.~nt. .~rt~~ .~k~~~rn~rls ~~I th„ ti1,~rt6a5r et ~f lhe rider e ~ were a part hereof. ~ 7. Protectiun o( [.ender'c Security. If R~~rn~~~~cr ;~rrt,~rn~ the cotien:,ntt an~i ~grrements conta~ned in th~s ~lortgage. ~r if an} e~tu~n ~,r proc~:,lm~ .rn}n~~n;c.! ,h~,h m,,trri~il} .~ft~.t~ I cn~iers intere~t in the Property. ~ includ p t nut li~ni ~ t,~minent d~~m:iin. +n~~l~.rnr~. crde rnf~~r.e~nent. ~~r ;~rr~ngcm~ntti ~r pr~~ceedings involving a ~ hankr~~c~ui ~:U. ~~~~t~cr~at I en~~r u~.~n n~~!:.r i,~ f3~~rr~~wer. ni;t~ makc ~u~h appearances. d~~burse such sums fi e~ctC4~ a i ts i~e~c«an t~~ r:~~tr:t I endr; ,~ni~_rc~t. in,luting. hut n~,t IimiteJ t~, d~sbursement o( reasonable attorney's iccs and entry u~rn ih~ f'rrprc!~ :n.~t.~ r~~.~~r~ If rLrnder reyuire3 murtgage insurance u a ~ condrtion of making the loan secured by ih~ti ~t~~rcg.~~~, 8~~rr~~+~:r sh.~ll ~a}• the premiums required to maintain such _ insurance in efiect un~il such time as thz re.lu~r~ment for wch ~nturan,e ecrminates in accordance with Borrower's and ~ ' ~ • . , . 8~(~~ - a- P~ ~ ~ - - - ~ _ ~ ~ , .~~~~.~~.~~.,:b~-..~:;~~,~M:'~