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HomeMy WebLinkAbout0940 . t t UNIFORM Cov~v,NTS Bnrr~wer :~nd l.end~r ~~~.en:~nt and ngrre .~c f~~it~~wc i. p~~ment of Princlpol and In~rrest. t3,~rr,+~rr ~+,all ~•,+rt+~,tt~ F,av wh~•n :'~~e th~ prin~ip.,! of anJ ~nterest un the indebtcdness e~idenceJ hy~ thr Nute, prrp:i}mrnt an~i I~te .har~c. rr;~~i~lcd i,~ the N<,ie. and the prinripal of and ~nterest on any Future AJ~•ance< <eru~ed by~ th~c ?~1~~rtKag~' 2. Funds fo~ 7'aaes and Insurnnre. Sub~rrt Iu ap~~Gr:~Mr I:~u nr to a Nnitrn ~~aivet b~ Lender, Burrnwer shall pay to Lender on the day monthly m~t.?Ilmen!t i~f pnn~i~ai and intrrc.t are E.a~~ai~le ~inJer ihc Note, imt~f the tiotc paid rn tull. a sum (hercin "F~unds") equal tii ~~nc tti+elfth ~~f ihr )earl~~ ta~c~ an~1 atticss~urnt~ ~~hirh ma}• att;+m pn~~ritp o~er thic l~tartgagc, an~+. gruund rents c~n thc Prc~E~crt~, if am, ~luti ~+nc-[wcl(Ih u( ~r+cl~ ~rrnuuin ~nstnilmrntt f~,r ha~ar.1 inwranct, plus onr-tuelfth ~,f ~c:irl~• premium ~nst;illmen~~ fur mu~tF:~~;r ~nc~u,u~cr ~f any, all rrat~~nahl} e~tirnate~l ~nit~all~ ~n~t fre~m tiine to time hy Lender on thc h:n~. ~~f a»eti~n~rn~. :~n.i '~itl. .,n~i ir.i.~,n.~hir r,t~m.,~cc ihcrr<~f. Tt,e Fund, thall he hclJ in an ,n,~itl~~iun Ihr Jcj,,~~~t~ ~~r .i,c„unt~ rt ~t~h~rh .~rc in.ured ~,r kuarantred h~ i i'eJeral or st~tC agt;icp 1 including I.cnder if I cn~ler i~ ~uih .~n imt~tuh~~n i ! cntlrr .h,~!I _,~~,h IhC f unds t~~ p.~~' Said tate,, a~sessments, insurance prcmiwns a~;d gr~w~d rr~u, 1 c,idcr ina~ n~,t chargc tur h~~1~1~n~ .~,~J .it~~-I~ ~nF thr FunJ,, :~~ah~int~ ~aid 3ccount, ~,r veriftin~t an.1 curnpiting ~ai~l a«r,~rnent~ anci hill.. unl~u 1 cnclcr Hurn,urr ,nrrrrtit a~n the i units :~nd .:rpliiahle law . ~ernuh Lender t~, niaF.r ,uch a:h;ir~e 11„ituH~r an~1 I.cn:f~r ni,~~ ~~r~r ui µr~t~n~ at the hme ~,f rse~utir~n of this .`.lurtg:igc th:i~ ~ntere.t „~i ~hr Fun~ic shall !•e ~a~J tu 4;~~rr~~uer. :~n~ :inlr„ ,urh ~grecrnent i~ m.~.fe „r a~plicahlt law reyuire, such iNerc~~t t~~ i~e ~:~~.1. I eniler tihal! nrt h~ rtyuirt.l t,~ E~.~~ H~~rr~n~~r .~n~ inic~~tit ,,r earnine. ~~n thr Funds. 1_ender sh~ll g~~c f~~ Hnrri~uCr, •.itttli~irl ch:~rke. :itt :uir~t~,r! a~~~~i~ntrr~k i+f ~I~e f~~ni)~ ,h~~+~~n~ .te~ii~~ :~r,~l tlrh+t~ ;u the 1 un~1c anil the ~ jwr~~se f~~r Hhi.h rich tieh~t h, the 1 un~t~ «a~ in:nir lhe~ 1 ur;~1. .~r:• F~h~~i~;r~t a. :ideli:i~~n~l .~~unh• l~,t tl~e :uniti ,ecured thii \1~,rtgage If the amount c~f the Fur~di held h~ Lcn~ter. ~~~~ett,rr ~~ith ttic tu[ure m~+nt+rl} ~mt:~llntrntt ~~f F~~r~.l~ pa}.+bfe rrior t~~ the due dates ~,f r:~~e~, :~..rstiinrntti. lncuran:c prrn~iu~>>, .,nJ ~~rr~~n~i rrnr,. .h:ill <<.~re.1 ~hr am~~u~it rryu~reci t~~ p.~~ caid taxes, assessment,. in~uranie E~reniium~ and ~t~~und rent, .n th~} t.iil ~lur .uch <«r~~ .hall he. et Ii~~rrn~+rr'~ u~+~~~,n. e~ther promptl~ rc~ai~1 t~~ Rrrri+Ner .~r ~rrd~~cd t~, R,~rr~,L~cr un nn~niht~ ~~~.t.,llmrnt. rf Fund, If thr .~m~,unt c~f thr Funds held by i rndci .hali n~~t be ~utlirient [e~ pa}~ ta•.tti. a~sr~~rn,_nts. tn,ur.~n«~ pr~rn~um~ artel gmurtd rentc a~ rtie}~ f~ll due, Borrower shal! ps~ 1 en~ler an~ anu~unt ne~~s~.~r~ tr i~13~.C u~+ ~he tlrtiiirnc~ ~,ti~Ih+n ~(1 ~1a~s In~rn thr dale ~~,•tice is mailed hy Len~ler tc~ H~~r~~~~?er r~yue,~inc; ~~a~rnenl there•~.~t Up~~n p~~nie~i! in ffill rf all :inn~ se~urrJ h~ efu. \t~~ni,~r. I ~n~lcr .hall E~r,~mrtl~ rrt~~nJ H~,~r~~~.~rr :in) Funds hefd h/' 1 rn~irr tf under p.~raKraph I~ ~errut tt~r Pru{•r•h +..,,iil :~r thr 1'~~>{~~r1~ ~~therwnr a.y~ur~~ h~ I rntler. I.ender shall .,~~,I~. nr I;it_•t iti.i~i znirncdi itrh pn~,r t,, thc ,::ir :~t t!~r Pr~~`rrt~ .1:Nui~iti~~n h~ I cniicr. an~ Funds held h~ l.endrr .3i ;hc' 1~111C i~f :tjtFjl•::~Itu~l ~[r.lll e~,i~t!~: l~~~~• R~~71', ~c•iu~e~1 IFt~~ \~~,.~~~,k'C Applicalion of Pa~ment~. l riir.~ :~F~4~I~.a~~lr I:~~~ ~•r,,,i i~•c ;~thrn~i.c ;~il }~,~~tt~rnl~ rr~ei~e~1 h~' ! rndr~ un~te~ ihe '`~~t~ .ind p.it.~~ra~~h~ ( .~n~1 ii~~rr,~t .!~.~!t h~ :~E,+.t~~<t h~ t ~r~.l;~ tit,t ~r ~,.,~rnr~it ~~i ari~~~trr~t~ p:t~.~h'e t ~ ! ~niler fn' Hi~rr„uer un~let }~ar~~ra~,l; }~rrr:~t. t}ie~~ t~, ~n;rrr,~ ~~.i~.~!~I~~ rh~~ ~,~tc ~hcn r~~ ih: r~~n~iE~.~l rt thc ti~~tr. an i th~~n u;terect and ~~r~«~~ral •,n .~r~~ F=utute A:i~an~~r.. a. ('harKeti• Liem. H~. rri~~.~~' rr.,li ,,II t.~~.~~ .~.._•~,•,,~i,t, .~nc1 ~,t},:+ .~i:tri:~~ fine~ ;~n~l irnr:~.fh~~ns ai[tihutahle t~~ thr YrrE~em ~.tiF,i:h r~ia~ at~.un ~~~~.,rir, ,tir~ ~]~-;~c,~~~ .~~J !~,,.r~ ,i,; ~~.~~mrtit, crv:~nd rrn~.. if am. in the mar~ner ~rUtitcfe~! ~in~f;r p.~r.~~r.~~l~ ' h.~rr~,t ~~t t r;ni ~~.e;~l ~r~ .~i.~, r:~.~rntr h. R~,~r.~.<<•, rn,~{,~~~e ~.i~~nent •~hcn diir. cl~rcct:y (ti thc pa~ee thrrr.~; Nrrr~~~~.rr .h:ell E,;.~mt~~l~ hrn~~': r~~ 1 r:::+.~ r.,i' ri;,•,.~•. ,~m~~unt. ,i~i•. .~nder thi, ~~ar.+ura~n. and in the event liorr~,~.~er ~h,;l~ t~~.~i,~ p.~~ntrnt ~li!r.!~, li, ~r~,~.~~~ .n.,`! j~r, ,n;~!~, t~irn;.h t~~ l.~n~irr rr~ci~(: :~~nti~t:in~ ~avment~. Borru•.t~: .h:{II ~~r~~m~ui~ •L~:ii.:~ir ni;t iirti ,~,.i~ ;,r:~+~;t, !hi~ ~1rrt~;,~t~. r~~~t~~ie.l. t?t.~I N,,rr~,:~er ~ha1! nnt be reyu~red i~> ~i ~.h,~rke .i~~t ~u~'~ ;~r;~ lur,~ li,.,r,••.<<, .t~.~il ~~r_•~~ ..:~t:ne t,, t'i~ ~~a~menl .~t thi ;~hliE.,+~,,n secured h~• ,~i~h iicn r.~,~~in~r a~c<<,!:~hi~ t„ I.~~~,_1tr. : .t ~ ~ .i ;.~:~,t•: _ -,~.h i~~n 1,~. ,~r ~lcfen,f ent;,r~emen! ;uch lien in. ~fl',i~ tt~tC:~t)~r1C~ ti!~Ull~ .~.,.~r.: ~ t~~ ifC~•c'I~f 11,. .,Ii~~~ i~ ~~t ,~i ' n• , I r rt ~ P E ° t~ f~ r r~t,~ti ~ f~e I~ nc ti~,t .~.i) ~art ihCre~r( 5. Ha~ard In.urancr. N~~rr~~t~~~~ . ~fi.1li (~ti~ •fl:' ~I~1(~r,_i.~,~fl?C!~t- nr~.~ ,~•i,r~~!: 'r~er,::tter rrc~re~1 ~~n tt}e Pr~~~erly rnctt?ed .+~ainct l~~eti ht hrc~. h:~rar~l. ~=;~lu~lc~l ~.~,th,;~ thc Irr;•~ _._;~~1:,! •_~~~.r~.~~;~ ,.~n,t ,~i,h t~±her lt.szard~ a~ 1 r~~~c~ tn.i~ rry~nre ami ~n such ,,;n~~unt~ .~n;i tur ti~~.h ~,rn~~c1, a~ ! cn~+rr ;r~aur,r. {~r .~.i;•,1. tn.,t I~•n~l~•r ,hall nrt r~uuir:• tti:,~ t~~e am~~unt uf tE~h ~incf.tL~' C\~C~'~I t~1.1[ ;fi„i,~~„! ~~~1 . !~i' 'iU•: ;~~1 ~ . _~'~irr~i !f:~~~ <~i~rt~~tCi The ir~••nari~_r arri~r , r,~.~ili~~~ ?hc ir~, :r.,c..~ i~_ ,r h~ ~3, rr, ~tr<! r; a>>-~,~.ai h) ! n; tha! tu; h;t ~r~~ :3i , ~ F ~ e fc°~: ~+r~e~~dec1. ~ha!! r :r: ~ t~ ;t+ 1 ~i~ . , . . _ ti,~i. i,;~Ii hc ~~ar.i +he rn:inner pi~~~ided un~rr ~.u,ii~raE~h ? I :sr~~t u• ;t r•,., ; ,t u~ . ~~in:i r '.t !t •t~~,.<<rr rna4 ,~,K p.~~.;n~•nt. ~t~~en d~~c. •i..;.,_l~~ tn tF~e in;ur.incc .arr~er All intura'i~_~' f•ni~rtc~ sr,~1 renrti~.~iy Ihrtr,~r .h,~i, :c •rn .~:_.ir+.;~;. 1 r : tr::f ,.~.r~l :r.f ~c):' .~.~':..l.ertl n~nttg.~ge ~latlce ~n f::•.:~- ~~t :~ncl ~r f,~;m .~.~~1`ref~le i,~ ~ c'• ~1c•~ I c•n~l~'~ ~:.e.~ •!.c•,rit~hl ti.,• 4~,,~l,:r, ,tni trne•.+e1~, there~~f. dfl~j BnfR~u~f -.Mt ~~i flf~~fll(~t~\ !~Iffll~f? I~~ ~ c'lli(r•f ,~~i t .1 !i~.1'.. Jt :~.i:;`i~ ~~1 i~:1:~.~ ~.:r~ll~::'i~~ Tn 1f~t C:i flf ~~f ~U~•c. E3+?(,•Nt'. ~.~i i~' _ , ,`fi~~~~ :i . .'ii ..-i~ . . _ . . ~ 1 r . . . . . ~ ~ . , ~ . `f ..~.fC f~:~rr: r.tia~; 4,.,,r•,rr~ ~ nal'i~ ~ :O~~ti7 .tF7~~ ~;~~-r. '.aif •.f:. ~ . dll~i . ..,li. ~.i ~ . ~J~.'.t" . _ . . . . . - '~r~~'. . e. .1, ~ .1i~:(' . :[):.~1~ l~i (fiC P~~~~Cf(t il,tf ,~e . ~i . ~ i' ~~r: . . i_'~`.~.~ . , i~'. ..r., ~I. ~If~!t .,f r1,~. 1~ ~It.~QC !t n;~t !7CCCh~ irn~~ ~ , ii I~ h _ ..i' ` iii . ~ . . . _ . .i,' . . . ~ . . ~ ;t~ ~ !h! \~r•if: fKe ,t~~crt7ld f)C Iftl f:tCti ;t~C f~'~,.ir.it~.t' .CC„ .fi,r! h: ~ i•, , i! ri . 17,~~ ~ ~ ,ti~i ,'tY I.~h~• ~1 j~:„ ~ : _ ~i . _ . ,i. . e~...,. ~ .,n}. paid Ifl Hi~tf~•N~' ~t ftl~ ~~~~~^CR~ i~ .~t,.,it~1~.~~~~~.~1 ~3~~..:~~t~f. ~.~~,,.•.~tl~' i.il~~ !i• I\~;~,+:i~.~ f.~ ~ Ct?lli'~ HI!~11f1 i~:~~~~ ~fl~Rl lhl' ~~.I(C Il~ ~,,.C f;. ~ l; ~ii . ~ . . , ~ , ~ , . :t~ .r +~•r~ . . _ .~r.~n:r F~cnifit., ( en,iff .til<<?t . Il'~~ , . •~~~~i: ?hi :i..~;_. . . . , . . . ~ _ ~c'~! •f 'd;; ..t ~5~~, f~r~~~~I~ tu :'hi ~un;. , . ,;c'c! 'r,~ },i, ~+~~rti.~k_• l;n;C,. I 'r:ti: l;.,r. rt, •t... . . . ~ , . ~ , . _ . . . . ,i' . . . ~1 , . ~_ij~_ . ~E~,il Ri-,1 t llC~1(j ~l( ~i~1) ) ~(lt Iht t;'~~ ~.S.~I~ I!ti_ fII+~IIf}l~'. Ih~ .ti..,... t~ t.. it 1'~,ii .i! , . ~~._~t,`1 . ~ . :r,~~~.i -i~ _n,n.c ~t!r :,m,~ii~ir n[ ~u.h i<<.t:~~~~::~r•t, ~i:~.Irr 4!.it.~E;,i~h ~ti ~~f•r~~,t ti~c t'~,,E~ert~ i:~.;;r,~,:i~E•: I~•n,f n.tht. r~ilc :tr1J ~nte~c~! t~; li~rrnK~cr .tP.ll ~ . , r.~:~ .II;I~ ,f~ .i,... ~ , ~ _ '1~. 'fl.!l''.~i . ~11 t~ . ~ ~i rh~, ~~r.~ntrt~ ~'`f~ tt~ ff?l' ~Y~P . . iC: . :t,UU~: •lii`. . . ~i ~ .i~.~i! If.. _ . _ . . . , . _ ~ . if; ~1. . _ . . (~tln~ ti. ,,i.:f` i:l~° ~~P ,.~'t~1:+i~!i~~.^. h. PrcS: r::zfiiin anrl ~l:ziiitcn.~n~r ~~f 1'r~~pi•:~~: t.:~:chrl+lti; ! ntiatnminiun~.: t`I~;,ncrl l n31 !!~•~r2npr»f nt~. R:~rr~~,~,•r rh_ , i,.. ci .E'.: r ;~r~il n. t . . r~•,rri. .~.~.t~~ ; • rm ; rn~n~ ~u ~_!rtcr!~,rat,,~r the F'ru~ert~ end ~i ,,ii . ~c i,;. ...ti, _ ;~~~~~i . , ~ . , . I~•..,i ~ , ~ ;i . , .ri~ If !h~. \1 rt~:iLc i. irnit in s n.!,.in~i~ . , , ~ , R~ ~r , . ;I~ • N~~rr~ .~i^ . ,,±.i f:.,t~~~nti ~~:.:f~'; ,s~:e ~1c.f.irati~~n ~.~r :~~:~~n.~r,t. :r~ ~t~ne ~'r ~~.e;rr _ ;t~ • r:~?• : ~ : ~t r ;=.1 ~r ~t ctr,~_i ~~t~~•: tt~c h:-I;~~•~. .~n~) tr~ rl:,ti,~,;, ~.~f the . . ,:n;. urn , ,.,~c~' ,.~~t ~~~i~ . , . . ,~r ~ - I! . . ~~u;~i,. to „r ~~l.,r.,~cd . . ! ~i_ .rl~~`n,cn; ,,,;C~ it~..:Uf,l~ h~. }~~~~f~ '.~Ct . :~~C~~ 1~ ,'t'h:, . 'fi~ ~S~ 't~zd; . ~.j .~ltClf71Cf1 1~i ~U~~l llljCt .;C. Itl~' Cil.~!`1? 1~ ~f',ll~ :~:;F~.,f ~ . . . ~ . . .k• , .il, . r 1C ~t !i ~ _ ~ i . , . f: , . :r.' ~ ~n,. •~t~ ~ 11~ .i~ ~r rhe n.ie~ . ~•r~~ ~~.ift hrlC6f 7. Prnreiliun nf t endr~~'~ ~ec nritti. Ir 1i- r t.t-!, r~+ ~1.,int 1he ::~ven,~n!~ ,in,t ,i~r,~ernrnts t~~r,ta;ned in th~c }}~,f;~,,ze. ~~r .:r~t ! . ; ,,r~~.~~,~,!;n~ _ n:~ ~ m,~tcna~h .~+T~': tti ! :ti~.ier c ~ntrrcit in the Property. tn.ludinc. F ~ ; } ~ rt•,1 ' _r:~~, ~"v d.,rn.~~ ~ !n.,,l~~•ii,~. ~tr e~r~[~~rcement ;,r :i~;:,ngem~~l~ ~r E n~.eedfnac invalving a 7~nkru~t ~,r c'~ ~i:~~ I~n~'.er ,~t I c~i-1rr ;~E,.,~~ r.,t:; r~.~ H;,rr<<~.~er. n~:+y rnake su~~'~ appearances. drshurse such ;ums and ta~~• s~.i:ii sl;r„~i . rr~.c~.;:r; r,, t~r ~i~~ r 1~ ~;i~: ~ r~t. :n:!~;~j,r?g. h~it n~~t linuled lo. ci~cbursemeM nf reasor~ahlc arr,,r, r~ .;r,~: ~n<f ~•~,=ry u~,~~; rh~ Pr~~~e;+y t., r,i.~4~ r~~,ur. 1! 1 er...icr reyuirrd m~xvgage insurance as a c~~ndilio~ c~f rn3k~nR +he I;,:,•; -.e.~.~.~! h~ th~~ ~!~~rt~ ikr. R,,rr,~,.rr si~.~ll ,~.e~ thr premiums reqi~ired t~~ maintam cuch ~nsuranc~ I(1 fRr. ~'It~~~~ ~ l_h tim^ :3~ +t~c ~~a~~ircmen~ f!nf liC~l !f1SU~:1(tCt' fPfRt!!jd!C~ IR .i~.:n([iZ:1~;` 14~If1 B!'tIVW[f S 7f1t~ ~ ' W PJT ~ Q~t ~ ' ' ~ _ . , ..i ~ I - ~ ...i - -s• ~'"-s z ~.:a..>°-~ r . 5,.._ _ . .',~-w. ,..:.3 ,