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HomeMy WebLinkAbout0949 _ ~ UNIfORM COVENANTS f3~~!row~r ~~nd Lenr:E~r covenaM and aqree ns f~,ilo~~~s ~ 1. Payment ot Principal and lnteresf; Prepayment and Late Charges. E3~xr~,r:er sna~! Ex~,n~~;t+y E~ay ~..h~rr~ ~:~,c u~~nc~pal ut and ~nteresl on ?he debt ev~der.ced by the Nole and ar~y F~reF~ayrnc~nt and latE~ c.+~arr,es cfue undCr thr, Ne~te , 2. Funds for Taxes and Insuranee. Sub~ect to appl~c.abte la~.v or to a~:~r~ttF~r~ •,va,ver by !_en~ie~ [3crrc,~,.~~r sr,ai~ ~~ay t<: Leni:er on u~~ day monthlY payments are due under ~t1e Nc>te. ~,n2,1 tt~c~ N~~le ~s ~~aid ~n tutl a suir~ { Funds ~ equa~ to one-t~~:eifth c~f + a~ yeariy taxes ~nd ~ssF3ssr~~i:nis wi~reh inay a!la~n E~iir~nty over lh~s Secunty Inshumc~nl~ (bl yearly te,~scho!ci E»,!,~enl; or gr~xirid r~:nfS (~rt !hC PIDpC(ty. 8~1y IC) yearly hazard ~nsurance premiums antl Idl yeariy rnortgaye ~nsurance ~;rein~t;in~ any Th~ rtems a~e called esau~.~~ ~tt~n~s Lend~~r ~nay est~~nat~ lhe Funds ciue on the Uas~s oi cunent d,ita and rt~asi,nat~'e ~~stu~~ati~s uf tt;ture escro~v ~tems ~ ~ The Funds ~hall be~ held m an ~nst~t~ifwn the deE~~sils or acc:ounts of ~vhich are ~nsureci c~~ guaranier~d t:S~ a lecic~ra? nr s!ar~~ ~ ayency imclud~ng lender i! L~ncier :s si~;:h an ~nstiluLOM LenUer shail appiy the Funds tc~ pay thL escro~.r +tems lErnder may r.cit charge for hoid~ng and ap{~ly~r,g the Funds anaiy~mg nc~,~ account or ver~fy~nci ihe escr~~,v 4en,s unless Len;ier ~~~ays E3o~iuwer :nter~~sl on ihe FunUs and ~~ppt:c.able lativ E~ermrts Lender tu rriake sur.h a charge $u~ro.ver ~tnd Lcndcr ~r~ay ac ree m ~vnt~nythat ~nterest sna!1 be pa~d cm the Ft,nds U~~less an agr~:emer~t ~s made o~ a{~~~I~cab!e lav: rt~u~res ~nter est to be {,a~d LendF~r shaN n„t h~ ~ ~ reGu~red to pay Bon~~;e•er any ~nte~est ;x eam~ngs on the Funds l_ender sha~~ gh~e to Borr~~;~;E:r w;thout charc;e an an;~ua! ~ accounhno ot the Fi;nds ~t1o~v~ng r:!ed!t~ an~i ~feb!ts tothe Funds ~ndihe pur~x~se for ~vhich c~ach dct?it t~>ihe Funds v.~as ruadr• Th~r ~ F~unds are pledged as add~t~nnal secun!~,~ ?or thr~ si;~ns s~~cuied by t'i~s Security Inslru~rcan[ 1f !ne an~cunt ot thr~ Funds held by Lender together ~,v~ih the future i7~un!hly E~ayr,~ents ot Funds ~~ayabie F~!~or to thc~ ~7uc~ ~}ate~ !he C~cro~ti~ +terns. shall exCeErd ti~e arrouni reqi~~ied t~: t?ay lhC f'scroti•r ~terns ~•~he~ d:ie ihe~xCess sha!i be at E3orror. r~r ~,p?~on ~;?hf~t prU'np~ly reE;~id `0 Bo?ro;^:er :)r CrCd~lCd fn E3orfCt?Cr <~n rttOnit~ly ~=ayrT~ents ot Funcis If lhe a~nount Of !hc~ Fur,dS heIC1 hy Lt'ndE:•r ~s not su(f~aent to pay the est:r,~,v ~tc~rns :s Men t}ue f3oncx, er shall pay tc~ Len t'.er any amt~unt necessa~y to ~na~ce u{~ tn~~ ~iefi;:~f ~nc,, une or rrpre payruents as re~uu~~d l~y Le~nC+.er U~~n~ payr~.E'r,t rn !uE~ ut ail surns sec.uir.~cf by th:, Secun,y Inshurr~e~~t LF•r:der shail Ein~mp?~y ret~kn~i to Bon~3:•:e~ any Fun~1s h~,!c! by Lender It un,l~r ;;aragra~%h 19 the Prop~rty,s si~,~y c~r acc,uned by Lender Lender shali apE;tv no ~alc:r than :rn~r.eci~a',eiy c;r~;~r 'n the sa~e ot the Pro~;er;y o! ~?s acqu!~,~t~ori by l_~~n~'er any Fund~ he~d bv lender a± ttietme of a~iR~h,^.a?~on as a cred~' aqa~r,st !hc Sun~s Sec:ured hy t~~S Secunty InStrumen! 3. Application of PaymeMs. Ur;~t~,s ~3;~~?i~cat~le ia.•r ~:rcv~des o[h~n~r~se a!~ E~a•,rmentti rece~ved tr: L~•r(+,c~~ uf~;i~~r ~;<~r~3gra{;hs ?~~rld 2 tihnil bE? e~){iliE~C! I~rst ;o f~3tt: Chargt~~ due ,;nd~r t11e No?e second 1o nret~aymen! cha~c:es diie undrr NotE~ thud to ar.;ounts {;a~;ab~e urder ~;a~ac?~aj~~? 2 t~~~~~th to ~nte~est due and Ias1. to ~~rinc!pa~ ciuc 4. Charges; Liens. E3o+ror:er sha~! ;,ay a~! taxes asse~srnen~s charges tmes and ~r,~~~os~hor:s attr~b~,?at~'c to thcr PrO:~~rty :~rit,~h maj `3!I~3!!1 ~)f10,•ii j OL'~Jr th!s SeCUr ty instn: ?,crrZt a~,d!easeho!~:p8y~rents or Qrotinc~reris it any BurrC:~;e! Sh~!) E~a~, ';hf'Sf' i?t?~I:~r~~!0115 ~fl tftn rii~rflE'l ~)tOVt'3C(~ ~R ~)~l8Ui8:;~` 2 Ot :j l1C11 j;BICj ~f; 1~1~1 f1?F3~1f1U1. BOfIO~L`Cf if'i!!,?~'~ ?h('t+~ pfl ~IITIf,' Cilf@Clly int!1E,' ~;E'~~i)fln`.':t~Cj~)BYtilflfti BO~!Ci:'.'i',!5`?811~)fC)(^Iiltyf!3'lii~h!i:~F~(1(}yvgilRG~~CCSO!err'oUR1StOhF~pe~dti•;:!n;thlS:~aragrantl ~~~7!fO::F'~ (',BkE'S ?hE.'SE~ t)~~),en.~~.(`t5 C1~fE1C?!)~ QO!fU:':F'* Sh~!I „t0!71~:I!}` 1lillliSh ?C3 ~E'fl(jt'f !~•'i:I~~tS E'.`J~dCf1Ct!1(~ (!`,G I)8yrrtCrifg gon~~:~,+tr Shall {r.ornpt!y d~SCha~gr• any (~r~n ;•,h:ch has nnonty nvc~r th~s SCCUnty Insrrurr~r,nt i~r!F:SS ~S~~rrov:C~r ? ai agr~es ~r ~.vnt~ngtc~the;~ay~~~~~ntc~trheot)!~gal~t~nsecuredbyfhr,;~~n~narr~anr+eracCet~t~abret!~Lentie~_(h~COnfests~ng~od!a~rh!hel~en b~r::~ r:~~fc~n,is aya~nst F•n',r;rr~n;ent of ihe f~en in' tegat G;roceed!ngs •.vh,c?~ ~n the Len[1er~s oE~~n:~n o~~erate?o prav~n! ~hc ~°nfn!c~~r~:.~nt r;! ~hC I~E?n O! f~jrfEif~~~ pf ~nY ~lart ~f lhe P~v~}Clty (f.) SCCUrCS fforn 1hE h01d(~~ O} !hC liE'rt ar'. c~ylCCmenf S~liStHCtOryr !n Ln~~1~-. s~:be~rdrr~at~^g thf~ !~~n ;o th~s SeCUnh: lnShument It Lender d~~te~rnGr:es (h8f any nart of!he P!cperty ~5 Subiec? Ei~ a licn ~,vh!C!? rna~ alT~ill S)lirfCy OV~>( 1hIS SCCU(ily iRS~L[1t?1F'!1? L~n~jni ~~.gy, ~"rr. ~O(ft~'.','£'f ~!1O~,CE.' iCi£.~'rit,/ifli~jhE'llE'll QCflO:';F'~ Shrlil ~~3?iSf'~''hE'. ~IE'f? ?ake one or r~rore of th~• ac?~ons se! fu~th above ~.~:,th~r, 10 ;lays cf tr,Er ~~v~ng of nuE,ct: 5. Hazard Insurance. BO~TC1:':f1 ~,h8!~ ~f'fiI) 1h~? 1~!1IifQ`I~?fnF~n(S !?U~:' Cki4±:t;U i),' fif'fC2.}~~ f fl~~Clf'(; ~JR!•'~ P!(i,)Cf~j'!('Si:~C~1 ~1::i311?~' '~JSS ~`f f!IF?. f'BZufCjS ~!1C~U(le~ii `:il?r;ifl (hfi ~Elf`•~~ f?X~t;('C~(?G COYE'fBC~n~ ~!1C} 8riy' iltRCl fie3~'8!C~i f0! :'.~j'!Cfl LE,'1'(j~'f ff'QUi(f?S 'rSU!ar'C~Et ThIS ~.flSlili~/`CC' S~18~~ hF' (t~i3in,1~1/1(?Cj t!1 (hf? i~(?!Olit`tS i~f?i1 }U( ihC F)C.'ltQti~ t!T~i LC"1fjF'f /~[~t:l!c)~ T~IE'. !f15U~c"3~1CC C8//~f:! l;IOV~C~~(?Q ~:f':SIP~~;C~~ S~~i3~! ht'. (;f1USf?fi f3`J QUfI:)'::C'f SUf~iE,'Cl ~O ~(?/!C!C~ $ c~(li;'O'.'8~ :':~':Ch St18!~ r'.(if f7f~ 1ii11E'850f?a.~il~ V1t;hF1C~C ~ A~'! !nSi:!artCC j)f1'tC~F:S attd ~E~nE1t:~3iS S1t?ll bET aCCBpSc3~!B ~O L~~?d~'r c~tld Sh8!~ inGlt:dE ~i Stc~nd~31d .'t10rlOc~~C C~8t1SE' LCndE'r Sf121' ~'dV~' fhe ,'Igh( iC) fiti'C1?hC ~)O!C~4;5 S[1C11E.'f`Q~:l~iS {t ~_E?^CjF1~ (C.'(71i1~~_ (3(i1!G:VE,'( Shali :;l;)It'~~)';Y G~`IC 10 LE'^Cl~'f a'~ fE?CE'~~)1S Cf :'ia!C~ • ~;r(;~,;;~;'1:5 2!':~ fCf'(?7;i3i !IU~ICE,'S In ihn r~; f:f?i U! jC~SS ~t;r(Ol':E'! $h$~I (Jt`: C U!O{tl~)! (IOIICF' ~O IhC? !n,SUlatl~ C Cdf!tC~ 8t1CjLBf1C:Ct ~Cf'.Cj^• rnay ~~~~~.e {;rC~o! of ';;ss ;f r,cit n,~dE~ cirti+np[ly by Boirvs:~. ~ i ~Jttl~'SS ~8P-i~F~! 8.^•C~ f3U~ri;~.JC'< <i?~1nf~~..,SC ~3C~!f:ft tR :'lnhr?~• i!1SU«~Cft {i!GCC~r15 Sh~ill hC a~t: ',~Cj (i~ ~~S~qf~IrOfl f;; ~CF)?.~! ~J}?ht. i IG~.F?rty 78fTt3:~Cd, !f ?hC~ rnS'~~~BltOn Or rr,j;~~~ ~S eCC;nci~n~r;~tl~l I~~S~ble ~nd ~~'ndE~r S SCCU~~fy ~S nut iESSf_"~CO !1 fhB fC°5`G!~!~on p; ! fCF;Bir ~5 f1U1 E.'CCI?i;'il~~:~il~ !E'c~S~1}IL qi ~_f?n(1r,1 5 SE'CUtt1~ :^;(;U!C1 bC (CSSCRCC2 1he rft5ul~'3f1CG t)!t~!;~'E;C3S Sh~31~ hf' i3:)~~1iCt~ 101~'~C 5U!'~S ` s~~r:urec; by !h~s S~cunty {nstrurrent whenc~~r e~~ nct ihc~n due ,vr!hany r~r.r.ess C;a~dioBorrU:°;er If E3c;no~.:er aband~~n;?I~ePropert~. I i~! :!U~~ nU' ~ nS::C•r ;Yithir: 3C~ ~3~3yS e Rr).'~Cf' trQ'n L~'I?dr'•t !h~3t !hC ir~SUtB~CC• Cert:Ct heS Cf}f'rCd iO settie a ctanr. ihr^ LCr?dE'r m8y GC'iBC( fhC ~RStt/8(lf:(? 7/C1CCF~'~S ~E'll(7C~ fR2V I1Sf.' ihC ~~!GC~.'t'~S TO ~Cj)c~t( Of fC'Sli;lC'll@ PfOE;C.'tY O! 10 iJ3`~ SL1n~S SF:t".L;lCCj hy~ i"IS f~ Ser;~,n~y fnstri,r;~~n! :~;h~1h~r r~r ro? !~e~ due ThEr 3U-day ~.enod v+~!i heg~n tivhen',he no?icn ~s g~ven ~ ~ftl!r5: I tln';FTf 8!?C~ f3U(~UYJf.'r rj~~t f~.:15 ^~r n in .rr~t~i~~j ~3t1~ ' ir' rp rttl I, af h~ h r+ e• e a e ar,;~:c8'. ,r ~~f prc~ to c,i 5~~! n~. ext n„ c~ u~.'C(i"'? ?hc? C1~'.~', if ?hn rr,ci~t;ftiy I't~3~~~•,£ !1!S fE.'~f'f(~.'f~ 1(, (ia'c C'<Ot?._ ~ 8f1C~ 2(:~ rh8!1GCihn ~l'Y~(;.~rli <if I)r3 ftr:~nt~. if ur,dF' ~)~3~2%(F3lih 19 111Fi ~fOE:~ fl; i~ 0!.C~UIIC;(~ h~f LFtf',U~:'. BO'f[):YCf S IIC~~^' ~U8(1)I iflSUfc I~C~':ii:i!;!E'c A(1C~O!CCf?F~ }S ~P.Stii!I!1g}(`l~i?!}~~7~8C~F?'i~i the Property pr~or to the acqu~s~t~oi~ sha11 E;ass to Lender ?o the extent ot the surns secured 'oy !h~s Ser,~ir~f~y~ lnstrumen? ~r~~~~~ed~ateiy c~nor to the aCqws~tion ~ S. Preservation artd Maintenance of Properfy; Leaseholds. E3nrrur;~:~ sna!i n~,t destr~r; ~:ar~~a~:c ~rr ~ubstant~ai'y ~:hHR<~n 1h(= f~r(J~~.r'f( 3i'(: ~'?f~ P; r h~ f- ~;r n~ i ~~f ;f irt,. ~E' } ~S SQ~~ ~j tr n p. r ~ , c3~~ ~t~ ~r c; :L ~r~ , ,~;iS. I th ,~rt Irs u r, isr,na'casF..in'd B.,•~..~~rs~~ ~ ~ . ii' .:'1'. ~h( t.! JV,~ ~ 1S (;~~^li!r•i'.S(: :lnl,~ I+fS~)!fll.. 'I f~~t+, ~ ! th ri ,r ntl )'f: i~!~_ t!~~ i,.~~~ ~ r r-,•: 8C( U PS ° 1 f'. L' lk.' ;E:(, 1y lhC F?A~ t ~l( ~Ft 5 u!: I i), f 1•~ ~.,dr. tr~. ~;r~r :3C;'~~e, ?C;'h~: .,~,rrryr~r !n .:!;r;ng 7. Protection of Lender's rights in the Prope~ty; Mortgage Insurance. i` E: ,~~~~.~:c~r !a.:s r;;f~rt:,~rr rr,-~ c~,;f~na-~~~ t~ ~~:~'1?<'fl~'~~ 1111{~i< -ci 1~I ,,r,t !M~~~ti- in(•- I l~r-.i i:f r`~' ( r - S!f;r~ ff ' ftnr (t~ /,r~ht~: ;I? ; C~ r, , SE~:!inty Ir. , ri r. f, c~ ~s a ~ur~ . : ~a „~r , ~ Cant~y ~a~ ~1 Le fer F~": ~ :r!~/ ! ~1:=~" ~1` i] ~i1O':F~F?ij!f'f~ Itl ~)~!!1'f.(U(~!G~. ~1((i~)~~~.' ~U! CU!'~Sf"•f^(t;~t {I'l , .!;(`tr!C~~ li:.':S (il ~1:C7:i~~f1,071S1 ~~l(•f! f1(;~'~ . 'c ''i . , ;l"~: I)"3'f ~~'-i! %:`I~:E)~ S (lf,~;~`SS<3!'~i 1l3 ~:•Ui~>C.~ t~l!~ ~:~i~lF~: ~~t ti. . f~~~i,:t..fy 8.'?.} ~:tlliSE'I S11n~1:5 ~f? ~fl~'. F~rl~~Jt~..t.j ~ ~~'nilt~r~S ii(.1~', ~r.~ ...9`~` ~1~.~.,rtv!~;;{~. ~~-~~i,~cif ,>~f!l~i!~,'C~f)'~i3!"'R :'Y:7C~11;ctSO.'tf)!i?'~i;~,~r:~, ~~~riiTl?~f~rl'i~~UfT?I!f?~ 8(1;f?:1fIF1C:~1'L•.!:ilf I~B~~if`Cfl~~.>.i1~3:Ye' , i.l,. lp•~~~-.8n(sl~17(~,r,ll!~!'iRtj~~'~!(illf,.l'~ T~)Illj]'F.(•It,.il~.c; l~t (~i.i~~4^l c nr~i•I r~~.~,~ t~i,(~~l~e;~r~:~(1'jnr ~.i,S.~~;r~iCl~<l.)h.; ~F'!?(i~'~ (j:i+'•'~ (";i '?%3: ~t 'ii ,'i Any an~, ;;~nts d~ :burs~:d by lenc:er urcier th~s par~yrEapn 7 sn~'i FCCt~!~!e ad~l~tion~l r,ebt pf Bono~.^rr;r se~u!ed by this ScCtjrtty InStrurr;~ni U~!~ss i~orro:ier an:~ ~~nder ~qr~n (o othrr t~r;T~S of payrr.ent t~ese arnounis sh~lf hear ~nterest frorT~ fhe date u! ci~sbursement a' thcr ~ct~ ra!r~ ar,~ Shai! be na'/ab!rr :;,tn ~n!F~rest uGion not~cr, `rom Lerder to Qorrower requeStiny payment ~ soa~575 p~~E 947 , Pre.~pus cd~t~on d Jui 31 maY ~ uscd DB9219 Re~ Sep 81 (1~02) PC - - _ _ . _ ' . ~