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HomeMy WebLinkAbout0924 ' ~ . • ; ~ ~,d ~ , ~ ~-.t,m , 9 . . - 3. P~io Mort a~,n~~? of~~~I Ch~ i~ns .`t~^ n`'m 9 8~i row~~~~ ebant security a~ ~e~mont Wii'~'~lt~'i~hicfi"has pr14t1fj~°ov~~his Mo~4g8ge, Iticl~d aUons Under an mo~Cg~`ge; deed oi trust ~t pihe~ o~ ~u~e t Qw~" akf all xe'° as s~ ents an'~ bth ~w~~ $hall rfQr~ elloi ~artower 9~ob11 make paymenis whei~°tl(t8. ~Qrrower ahs11~ 8y . ~ , w_ , , _ ca s . p ~6~ s. ~ se ~,~.~~T~`f~ls'~~ geS, 8bff` Vv~~lla os ! bri8 altt u a e t~1~ t~ r~hith 7~ttai l~il~ov~~l~ ~ ~~~it V~h Ue if 1~1~ f 8b~' We~ Mort ~ge, a~ l'~~s~h01~i'~8'~1 @ ' . ~ . . . ~ ~S ~ . eC . : ~ ~ snal deliv~ t~'~,~nde'e'1~on~~~~t`~"~ceiptsi fvl~encln~~s rc~i ea~imenh 8q:`tro~r~` aha~ ~..~di~c~hargea~ It ~~i~~it~v~ '~s mongag~, ~~~v aQa n~t ~~~ow~tsn~ I'~'~~c, . e~ to a s~ e n c q~~ s 8~~h~ a ee p~~`meni s.. obligatton sec~r4~6 , uc lien'~1n`~"m"8~n8'~'~ iabte`!o t~ nd~~: w~fetid e~lo'rcemen`~1~) s~ch°`lisi~in. e9 P 9 W~ ~ ~h'~'Ii~ ~ `~~~~"od t' t ~~ites~ . e - i a! °rbceedin s"~'Y'h` r`ale CS'~~vent'Ih'~~nt ~~ema~( reot. ~ ~ a, ~ . , ~ - 4. 11uar~n~ura_ n~~.: B~`fower shallskee~"th$~ii~~OV~ments~no~t`eki~tin~'~i`~'`Fi~`rea(te~' b~ecteil ~ii~ th~~tOp4~~'Tnsur~d ~gain~l loss,b"~"tif~9;~~ds , , a cluded w~~ ` nf~4h~ e~tle ~~~a~~~ efd n~~ia~ds 1b~f'~fht~h"Le~'i'd~'T`t~`~ffie~(n'~i~`n~e , ose~ b~i B~f~"ow~`st~'6~~'Ti~l`~d~`r`s amoun~'sa~dbr ~i~~1i~I`tend T"~i~7~"ri~"e"`C~i~i~ tdVtdi~ ~ii~s~V`~~ceshafl~be'chThf tn§~ra~ic~shailbemeinfa'1n th'~ - ~``f,~ . ~r~ ~°t ~~j pPrbV~i r~ v~~`~h~i t be ~ e o~ y . , m . LL., Al~~ns~fiianc poticies and renewals must ~~`Ac e table ta Lend~`r ~ind~h~ll`~~~iif'd4e~ ~t8hda~d`m0~lgagee c18~use. Lende'~fiaii have'~h~l~~f hold !he Ifcies an~ ~enew8ls subje~~ t~li~t~i~i~~b~ d~ed ai t~`i~§1`b"~'~th~;~e~(rrif~a~~'eement with a lie~ which has pribPity~v„'~it"s Bo ow~i"sha~~~ t;ifL'~n'd~ic i~3'tti"~°t~~'~ncec~riel`'ani~~~ife~`~e d"~'a"11~~c~i ke fpa~`t~~"i~tom~`.t'~1ad`ewft~ti'tiCes:li~t~`~"~Vente~iloss. ~ 9 ~ ~1~~8~tt"ow~r. _ - °~~~ect to th~"'Ff~i$k~i 8~te~1i3~`01 an'y m~tg~~~de~`~1 tr~St ~tti~i~~e~f~i~~~~~t Whl Fi'has prio~ity over~~iY""s Sei~~~~'`(~i~i~"~~t, . . ti ~ t,,... ~ insurancepr3Geeds`s~ia~bea~lT~dbrestoratibn°~C~`p~~r~~h~Pf~'pA~tq'da7nag8;itt 8~tbfatib~t`t~°pa'"~rl~~f'~~cal~feas{blean~l`ertde~`s „ , k ~ r k: secur~t~ i~`'n'~Tiessened: lf t~~`iest~f~ti~~F"~~pa~1~t ~ati~"~i1Cal~y~`teasible & Leiid~'r s s~l~it` iNoC~li~~be lesse~ed the`instlran~~ ~f"o~ shel~ ' be applied t~ lh"~ ~ s~C'0~~ b this Sec~'~~t~l'r~iii~~t,~Virhelh~F$~'ndl~1 w~t~"~n ~'~~ess~pai t~~~~dwe'~(-B~r~'owe~ol~t~ct th`~ insua`n~~ ordoe~~~tanswerw~~`rn'~da`~~~~`I~o~`i`L~d~~li~t~~~~ns~nc8'`~c~it~~i "bft~"i`ec~t`~5@idBaclatm;the~iLende Ce , . _ . proceeds;~L'~nil~~`~ia~ s~'H~''f~ee~'i`~pafi~"byi'`~stt~r'~fi'~t~p~rl~a~s~fmss~K~"[fit"sS~t;tf~itj~f~§i7iJ~~`~:w1~t~~brn t `'~due. ~ The 3~da'~ii~`d will'b"~'when the ~~ti~e is given. • . . Y '~C1nIesS~L~"~'de`r an~ Borraw~i `oth~nNris`~'agre~ in i~i7iti~g; a~~~lic8tio~i0`i°prt~e~d~ t~`~t~fp~l sh~~lii7i~t ext~n~d`~3~°~"~t~~ the'ifue date~i the ~ ' ~ 9 , monthi~a~iinenis fefeltred to ~ ra ra~h ~1'~~h`~n ~`Ch'~ BrtSO~lt~t~o1 th~ p~ ~e~ts. lt unde't p~~~~g~~ph~e P~tty'1~'~c~lii~ed 4~`L~r'~$r, 8ormwe~s':ri~ht tb"~~'in~ilr~~°`ce°p~licte~ a~d ~eed~s~"re5"M~Iti~ 1~"''if~~ge t6"th~r~if~' p~i~`t$1??~~t~iiib'~"'§ti'all ~~s~ i~`L`ende~ t~ the extent of ~the `s~~se'ciue~b~ this'~e~ity'Instr~`rt~~i~Yi~S~diatelq~fibr to th~'a~qiUisfti~n: , ' - 5. Pre;ervationsndMaintensnceotP ~ ~ ~ p Bbi~owersha(~kee~th~rb`~?i~i~gt~~~i~ ~ roperiy; Leaseho~d; Condominiums; Planned lMit Develo menls: V and shall'~i"bt L~`roinit wasfe"'i~`~"p~r . N , l`. ~s . , . 6 ~ ~ ~i8ase if th~s Se~i~~iry ~ ~iAii i r~"ipali~ii'~t ~"`d;ete~i~rati~'~Ei th'~'F~~'bp~`~t~?'an~tf';T~a~fi`~bi~lply wit~~ ~bNisibn"~'bt Instrument i~~'b'~n a leaseho~'d~'It ih`~~it~'fnstfUt~nen~ f~''6~?`a fnr'ii'i~i'~~it4`~'d~"r~inibrrS''b~t~"~'~`Ci~fif d8velbpment; 8~`~rbw8'P~h'~ii°p' e~ rf~r~fi a~l`bt eorrower ~`~bli ation3"I~d y r ulation~'~i i~doml ~~h~*d~l8rati3n""'2~~8~fi~"nts'`~reatingf~'~averr4iri~' ih~'O'~~fiil~iic~ii~"b~'~I~Rne"~l°~~t`~i~Vel~ineni;~~h~b~-laws e"nd : eg ` nia~'~lats~e'~~it dev~ib"~e"~t. ~~i~`d~iitu'ent d~C~irie~its. 6. Protectlon ot L~rid~ Se~urity:~f, B~T"ow~~.ta~l~t'~~rtb~ th8"~~~~1~t~s~~~~~eeiiients'~`'c~ntained i~i ~~i~s' Secilfit~"irlst~UiA~nt,'$~`if ~'n~i`~~Cbr~`or proceedin§ t~'1~~m'"~7~ce~! Wh~i`ch ~?iateiiallj~'aite~l~L'~d~r`9 int~re'~L P~perty; then`~le'~`i~er 'at L'~ii 'd~r'~pti$~;~'~'~iotic'~`to°~B~rfbwer,~may ..h.., P . :~w..u • makes~ch"~ppea~ances,disbfl?sesil~h`sums°ii~'~i~dT~"r~`a'soiiabfeattaiey~ tee3;a~takesuchactiS~lasisneCessa?'~'t~prOtectL~nd~`r~sintoreSt.if Lende~ re~Clired'~rtgage"in§~rarice as a`~onditib~i"~f'fri~kii'1~'lhe~loa~'sectti~'b'~ ihi"s~S~c'~~ity~inst~iimeni; Bb~we~"sfial(``pa'j~fh'~~reoilil'i?5s > . . ~ . require~'t~r`nainlaln ~~h tn"~R'irant~"i`~tle°~t'l1'~lil`~~cl#'time as the r`eqififeme~f'i~`r"~GC~i`ins~ta~ice t~`~iiin&te~ in a~~br"d~iice witti B~7'~ow~~`s'~`rs"d Lender`s wtitten:,ag~eem'~nt tir•applicabt~i law. ~ '4 An~ amb~int dis6~'~sed b~i' l~~d~'i''p~~~l~~Ct to"thi`g d~ta~r~ph`6, w~th'int8f~~1 th~r~bn; at`the ~Ibl~"~ate, shail`become ~d~iUon~t 4ndebtednes~s`'of - Bo7~ower se~~red b~'i~i~~"$ecu~it~`Iri§trtiirient: Unless 8~7'~ow~'r"~nd Lender ag't~"`e"C~the~'te~ms°of payA~eni,~su~h a"r±i~i ts sha$~b'~ ~ayabl~"u~`n noti~~ iro~i"~end~ td6~~'TO~~'"r ~~ue"sting'payiti~~`[li~reof N~tiili~~`co`nt~ti~ed ~n'i~~l~°'p~i~ayfa~h~6 shall requi~A Lend~"?'ib I~c~r any ezp~n~ b'~ take any a~tton' he~~nder. 7. Inspecilon:`L'~rld~~`Si`its'~`gL~tiiia~r'Frtake ieasonabte-entries~~on anA`Ir~~~~tioi~"'$~`fh'~'~Pf~pB`rty~~to3ided`fh~E~Lend~~ Sh'all'gi~~"B~~row~l'`r~~tlce . prior tb`~r~i'inspection "spe'~ifj7l~g i~asQnaiite'c~use f~i 1ii~'lnspecUdn. " . , . , , ` , ~p; „M"~ ^ , ` '~~nn~tibnwithany~ondemnati~~t8"r'bth~takiti~'btthe ~ 8. Condemnalton TFi`~"~`~'~e~d~`~f an~/award 6~lat~ f~i"`dainages, c~~~t ~onsequent~al in ~ ~ Prope~t~T;`"ofspart'~~~e~t; $f f~`i``con~ieya~`cZ~in UeU`bt ~ondemn~li8r"i", 3~ h~~~by assi~neil ah'~d shafi b~'pai~`!~`L'~d~~, sCfbje`~Cio th~"`te~ms bf 8ify i mortgage: deeii~f trust ~~otti~"'sectl?ity`ag~eem~nt with a llen whicti'has'~Ti~rity'OVe~ this Se~Tfrit~lns{~`iini~nt. " . ~ 9. Borrowe~'Not Released;`Fbrbeannce by Lende~i~Mot ~ Wslver. E ~ ar~ce b'~Leiid@~'~fi payme~lts dth~fi"tlia'n ~ f~tensibri'~1'Ih'~`tl"m°~ tb7 payrrtent; ~L~Apt a~~~`dtn' ''t~ [h~"Ielins'~i'ihe" Noie br~ir~ocliticati8r~`"~if ain~it~i~tiori~'~he sumss8cu~~ b thi~~~ity` ~ ili~i~nt`~t~~il~ei~`ti~!`Lende~t~ 8ny ` Instf su~"cessoi'°ir~ int~teSt `Btft'rower shali nSt'op~rat~ to ~eleas~th~'1TebUit~1 of the Gti~tr?~f 63r1ow~r . , . . . : . , .~$~B~'rrower'S ~U~~essorst~i'inte~e~t#Lendershall - no't~be~'reqilired~il~~e~'ce'~i~e~'`di~g~`against such`s~`~~AS~`ofiinrinterest*S~'r~tus~ tb ektend'tti~tim~'fo~"pay~nt~~~btli~rv+rise`modify-. airl`ortizatfon the st~'m~ s~irei)'ti'~ thl§~'S~CT~it~lr~sfiui~`~~Fi`b'Stieason"~fari~deina~d iFi~d~ bj~ tFib'~iRrigin~T~~bwe~`~B~ifow~ sucCeasb~'in t. . _ intere~i?"An~r t~itiear~~ce b`~ Linde`f in ~~t~'~i§ing AA~°figfit3T'~~inedy Shell n~t li~ a vVaiv~of ~~i` p~e~I~dA ttie ~xercise df ~iriy iigFit'tr rem~y'."LendAr _ . wa. _ . . . r shall nb`t b~ de~ ~ ~ _k ~ ~ A . _ ~ , . _ > . . ..F . ~ ~ tirt~end signed~b~L~7~d~1 An ~''c~hwav~"r""sfia li~~~o~f f~hee te~it~{3a~iflc~aft SBt~fi hr'~ {h whtimn~Awa~v~ra t`~n@evenfs Waive~isinWr~ ~ Y ~P 9' I~ Y g hall r"~ t~"'~i5r~'~ti~if8d as caiiti~#~i ~iY'~~ a ~iaiv~fas t~'~n~"othc?°~ve'nt. ±9 - , . Ass ns Bound, J • ~ r oln`t an~d Several~tablllt~; Cb-8lgner:~'~`~bVenar~ts`and'a~Ce~nient~`°~fi ihf~~~~irity'Insttume~t'$h~li'~ind`and t0~ b~nefit~fh°~s~i~esSc~sandas~i~~~~fC'~'i'd~'T~r~'~~b~~ower,s~lbje~~t~'~h~pr~wsionsofp~tag~~~h'~~~~Bc'1'~bwePskCovenantsand"agreementsshalltie ~oir~t~i`'d ~v~ral: Aii B~`fo • ~ ' w8rwh~~b-~I~"n~1fii~S~l`ri n~fF~°'rrient'~i~`t~doe~'~i~t~xecut~"tFi~NotB~(~)f~g=signing{h s~SeCUrifj~'fnstr~fiAntbnly7t~f g g~ ~nt 8'nd tt~nve'"~fi"~$'f~ower's int~~est ir'~~is~Ptb ?~d~7'~the term md~t ~ r _ y v~~~ p~~n s~~ithf~'SecuritjYlrl~trurrtientrlbst~~t~rs~n~ny~'~ltgatedt~pay ~ ihe s~i?i`~'se~llf~~ilb~F?i~'St+L~~i1j"i'IrlBt`f~iirteni; ~'i1t~(~) a~?ees'ih~t L~'d~4"f`~i1d ~n~ih~~'~fow~F'iYiB'~"~~te~'t~~~t~~d; °"~d`~t~; ta~be~``~ak~~a~y accor?i~d~ttbns witFi ~`eg~~c~'t~`iti~'t~f`h1`~~'~ii~'S`~c.~itji"li~strument"tSi"th'e'"i~tbt~ V~iitti~~~~~~`frow~r~`'l:Yinsent - ~ - - ~ 11. "L"o6i~~hir~ei~`fFi~td~~is~~edb'~ChisS~tit~lr~i~'hr ~nti§'~i'ibi~tfb~la~ivwiii~hSet~'riAaitimUr"~r'~2S~r`i`~h~t ~;~r~~"lh~lawi'~ . . . .T, , ~ . , 4.. ~ . , . . ~ t.. ~ ~ ~ iul~l~~'(~t@ t@ted . ~`tts~ih~ti~ct~rest"~~1h'~1`c~a~i'~h~r e`~`dileccec~"bi"C~`b~ ch~~' ~"~liall b~'f~d~'C~db th8 amo~f`'r~~ ~ ~ ~Il~t~ti~~r~'L'~1i'~i~ti~P1 iNitti'"(h~f~~~i`~kCeed th8"permitted`iimit8; ~h~t14 (fij`~~I'~~'t'~`16an g , 9 ~ x ess~ `t~reduc~`th~h`~~g~t'6`#ti'~'~~itYe'di+mit:and(!3)`~i~rS~rr»salready~'~Il~tedtrolH~BBrrOw9rwhtCh ekceed''~ed p~ft~ii~~dtiirii[s wi~i`b~"reld~lded t~B~i~~B~V~~: L'e~fd~t`~iia~fi~s~ i~'?riak~h~~r~fifnd b'yreducing 4K~`~ti~i~1 aw~'i~d~{h~tiA`t~6~ i?~aiiiin"~'~~dir~~~ym~ltt't~e(5~`i~oweFgif a`~~f~d`~~dtice~`~if~(pal: th'~°f~d~'tii5fiwiil'ti~tfeate~f a~'~ ~9~rti~1`~f~'~{~~'fi~~t"V~it~'2~t°~r?'Si'"p~~pAy_ment _ : "ch$r~`~i"d~~'tH~Nbte. . _ . , ~z. {~e~t•i.tio ~.c~rn`~aifnd~r'IRl~htr.~tenact ~i~~t~~ems~~e~nd~r~.~~'rt~~it~~rc~~ ~~~aa~ ~~~i~i~~ym~~c~"ri8i~l~Ovi~i(~ri'~b~h"~1$f8`i~r tfi~~t~i ~~~A~ft'dr~~ifi0"~9bI~~cZ'~~tt ~1`~i"'f~ll7~t~lfs(~rissecuredb~`{his See~~i~r r~§'~~`uiner~t anii7ri'~jYfi1'(i~`e an"~ti~~7n~dleS'~~7mitt~dH~'`~'Ara~rapF?" fi9.'•'~:~nd~`~'exe~ci~e§ thi§'tl'~ti~i'; L'~7~d~lshatl talie the ~teps ~p'~ti~ ln ` ~fh~ seco~iilrvparag~a~Fi'~t"~~~agraph` 18. 13 ' NBitc~s. ~ . ~ ~ Af1~1tiL~'~t~'''~~'~t6w~7'pfOVlde~J`rs~t~r~~~t~r~~mvr~t~ ~nan b~~v~~~~a~~~v~r~t~~r`~~irr~~`~~~~~~~ss maii'i"1'niess a~k~liC~t~l~' lar~"r~yuit8s'us~7f~51K~r1eth~d ~l~h`~'r~~tlt~e` shall t~'81~t~''~'t'~'lh~~~pA~~r Addres~"br ~A~'titd~~d7~~'"~$`~7bw~`deSigTnBte~~b"~ ~i~ticA~t~``i:~?r'd~t:>Arr'~'f~~fic"~`'f~'i.'~7i`d~r ~h`~11' bA"c~ive~'ti~"(ti~t'~Iass inali`~d"l.~d~i~`s`~`~1dre~s stated herein`~'~'i~i"~31h~r ~d~r"~s5 Le~fid~`de"stgnates"iiy ~ ...~i~tic~"t~`~~oW~t~ariq'~'btica`prd~ttleb"i~i"'ir~~tht~'S~aurit~IrS31~~'Fn~~C`sN~'~`b'~'~deeme~'t~`tfi8~v~'b~erl~giv~~'C~~W~"L+~rtd~`r wh~'~'~iv~ii'as "~"~bV1d~d't~l"`ihi~°"p~ragt"~ph. , Y~: , ~ t r~r~~i~ _ - - c;;_., _ . . ~ _ `~.-,:~-,,4EI~7T ~ " 3(: i ~ i~: i l _ ' A... _ . ' EZ. LA~ULi:t?~LE~ ~L'333d1~ . - . _ a~iC~tt~~~f ~ , p.a.'z ~ra p. g~, j PA~ ~ - BOOK ~ ~ . . _.r . _ : -