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Home My WebLink About0993 . : ~ ~ ~ ' ' UNi~Rhi C~N~NTS. I3bi~ower and [.ende~ ~bvenam and a ree as f4llaws: , 1. P~yme~t dl` ~rinclpwl And laie~estj'~~e~ym nt iu?d I,~1~`~~r~c~, [3c~i'r`ower shall ~Yd~ Ily. ~ay when duc tha principa( df and i~tcrest uit"lh~'iiebt Ev~denced b~th~~~to an~ an~?'~f~~~ymsnt a~n~l~te clierges.du4~de~ ~ha"Npte. , ti , , : f. F~ , ds fo~~l"~x~s ~nd Insu~~oce, ' Sub~ecl`[`o ~p~, cab1~1~W ~i~Tb ~ vi?fi~lle~i w~l,v~~.b 1~ri~er~~13~~~~r~`4~~r sh~ll`~S~y to l.ende. on°~h~Tclay moril~ily'E?al~f~ntS are iluc unde~ 1h~'o.4q~ until~C~c'N~to i~'~~i~i~~ 11; ~ surii ~unc~~.` ~U~I"1o ~ onc•tCv~l~h ~fa.(~) yea~l~°f~xes and asscs~`~nents which;'rNtay ,~tti~M~`ttt~tY''~ver "tHf~ Se~1~~ e~~ ium~~l~"` )~"yeatly ~ ~ , : , , 1~„ . , ~ ~ ~ d ~ Y ~~Y (m~5~ aaae itut~ifAFic`~itlhhlils if~eilV 'I~hesa~i~~m~s arc~cal ~ ycsa~ew ite'ms.. ~L h"clc~ ~~r ~stt h~`l.h~~F.i!`~'51~.'`~~~:tf~"~ho _ . bas~s~c~P~t~~~1~t'data~td~easonable csl~mates ~fitli~lwa e~ro~V i~ei~s. -~I'ti~ Ft~~ids sh~l) b~ hefii irr8fi'`i~n~iiC~?IP~it~'thC~i~j'wsi1~ o'r ~~~'c~tt~`df ~VhiCh insti~~~1 a~ gu~~t5fl~l~eii by a fede~~l'c1r s~ate agency~(it~~luding`~.enifer ifi~end'e~ is sti~h .~i~ `ir~3Cit~lioil).' I,endeir' s`ha~l. ~`p{~Iy Ihe t~iini~~lt~~iho escrdw it+ems. l.ende~ mAy ni~t-chA~"g~ fo~ hof~'fig a~id ~j~~l~?in~~the`I~~tls~ an~lyzi~i`ha aCCi~iint°t~'~'~~t~l~hi~"cs~~ow #tems;lA~fless I.cndc~'pays A~~`t?we~i~fc~r~t (tit~ ihe Fu~ds'~~td a~?nlicable law~" l~ ~-~nde~ 16"make su~h a char e. Ii~~~owe~r a~'d ~lende~ may agre~ i~°"~I~itg°~het i~t~re~t shall bc paid'ori'~he ~unds.''~I'niess at~-ag~ecment~is made or ~p licabic law requi~c~ rn~er~st t~'b~ paid,` Lende~ shall nr~t'b~ r~q~i~ed'~i~i~y~ wer ~t~y t~terest"or earnings o~t~~t'ti~~~ds: l;encfer P~al~ ~v~ i~°Eit`f~~er,~ wutit~t char e, an annu~l acc~~n~in o ~ g showm ~~r~iliis and,defiit~` . , ~ _ - : : 4 ~ ~ ,ri`~h~~, ~ . . > : ~ . j~CN'~`Ft~YtlsV~~ll~ihe B 8 6 A ur sc fn~' wh~eh cach"tle~il~~"lh~ ~d~1t't1s W~~6made. `i~h~ R~~tds ar l~ci ~ci as addui~n~l secdYfil~•fo~ ~h~t`~umis sec~irr'~ ~y , this Src~~i~1~~~~isll~hYlUe~?~. _ - ~ fi . ''~f`'~e amount~ol~~h~''Ft~f`i~d~ he1cT'b [:ender, io c`lher"i+~iih'~it~'`t~"re marttf~l r~ ments of~''t~~'~1~" ~y~blc ' ~fi"ti~ e dales c~i`ihe esefo~V'ii~f'is, sFiall`exceecl !he ~t~o«'~~?'F t~{"~ °1he escrov~"~t~e~~ ~whe~iiluc; ~h exces~ s~T "be. tlir du , _ ~~t~ _ , ~ r`~t~w~~ s optictio;~e~t~er ~5r I~~`e id t~'Iit'~CS~u'er'af L~r~ditecl ~i~r~~we~'~°tmot~l~ly {~Yi~~ils~bf tT~'t1 at ~ic'~ . ' ' : , ~a. t~"~ ~ F , s=1~~Fie, " ~:~mount`iil~tK~ ~'~°~`~`d~ helc~bj~.l:e~~ ~~t~t saf~~iettt ~o pay ~`ite c3~~`~uV°.iie uir`~_ ~Y~O~rower shall•I~~'cc~ Lk~der a~ny ~ am~~im~ neccssary to m~k~ u h~d~ficl~i~a tac~bf , ~fi`y'met~l _ a~ Wed~'by I-eniler. • - U n , . ~ ~ y ~~ec~~`~ty ir~~~~i~t,l.e~ide~ +st~all p~(i~`~~Iq~~'~fi~~`ci`"C~'I3~'~wcr ~ pn . rayme~i~~lt~fl~nf all sums secare~l b thi~ S ~ WM an}~ i~~i1~' hcltl°b~?" l:icn~ler' IP i~nile~ {~A~agra h~ lp9 f h~~?~~"ty i~ ~~ld ~r acq~iire~i by 1:~i~c1~r;~ Lende~' shall ap~ly~ t~`~ later , ~ ~ ~ _ . ~1?an immecliatelye~ribr~tc~~ihe s~le`~t't11'@`P . . ~y,oi~`11~`~~c~i~i'tP~`~hy~l,er~'cier:•anvaFuhdrhelc~~bv'I.~t?deir:al'lh~ timc~df appli~ftit~'°t/h~;~r~~~iredit~ag~iii~s'~lhes~'ms se~ct~r by this Sec~i??i91y'Ir~f~Y+~ifl. - ~ ' 3. Appllcatior`t~~f°r~'m~nts. `Unless~a~licable'law ~1~`o~9des oih~rwis~, a11 ~Ymeh~s=rer~ived by°~.L'~~id~~``~t~dtr ara ra hs 1 and 2 sh~ll be appli'ed:`fl~'sl; "tb la~e~ch~rges°due uncle~~h~'N~t~; second; tb''~tt~~~ymer~tych~~ge~`dc~~"i~i~d~r ~he P~ ~ P Ni~tr; ~hud~ to ~moi~nt~pay~ble il~rder{i~`ragraph 2;'fo~l~th; t~pi~iit~tesl ~iue, an~ lasl, t~i`~~~r~?~~au~. : - ~ . . ~ . . . `~~iarges; l.le~s. ~`[3A~~i~~~ershall~~ay all laxcs, assessments,°~h~tges, fj~es And-im{io4fitf~ns°A~t~iii~~`~~i1C~'lb~lhe Yrcapeily W'hich"niay atlain`"~'~i'~`fty ~ve~t-Chis"~Seriii`itX°Inst~Yltttent, and~leasehold~ia~"~rt~llis~~tsr gr~iund*re~?ts, if'ririy. ~ [iorr'ower shall pay`-[hese'nbligatit~nri~'~fh~~~~~rr n~oV'~~licccl in'pa~agraph 2~ a~"~f''11~ft"~ififil"ti~'`tN~t`~~nner,~E3~'~`~'owcr shAl) . pay=~lhem'ori ~imeifi~reclly Ic~~tFi~~rson}~H~~1 paqt~s~t:#Ddl~'owershall p~~tir~#~ily~fi~`r~iish t~*L'etiilc~ all r~l'cc~~P~ni~tills to be~paid un~ler`t6is'~r~agra~h: Ii`~~orrow•er h~akes ~hese:p~yme~ts ~iit~tly;~ Bc~~~~wer shall p~~fti~j~Uy fti~~fiisti tO~LendCr ' «~ei Is 8videii~111~`~h~ ~klyntents. . ' - ' ~°'l3c~fiwer Sh~U"~'??rom~ily`disch~rge any'licn whieh"has "prio'~'ity~nvei~lhi"s Securily'Inslf~ifnetit ~~11ess° Qt~i'`rower`:~(~) agrees in'cr~'IT'thg li~ theq`ys~yment•6fllie abligalio~ serureilb~thelien in amannera~teptabl~to t.ender; (1~)"~8"~ittsts~in ~~d ~reve~tt the enfot~~i~iC~it•of the Inet~enfetc~nt~~nl~c~t~`th~'li~"~~h; lega~~~~~eedings which ~n the l~~f?~ie'r'~=~`~~r~16"n't~~xr~te to ~ ~ fauh tl~e lie~ h. or T1~fet~ifs ' n oi~ f~Ff'e~itt~re~if ~ii art'o~`th~"h~`oF?crty:.o~`(C)'s~rte~fY~~h~ hdfde~''fit'`tli~''li~i~ an " Y ~ ~ ' , Y'R ie agre~met~t sa~i~f~tcti'try to l:errder subotd~n~tingthe lien tti`thi"s Seci~~itYlr~3lr~rtt~nt. It ~Lender d~te~~i~nes•°that.ai~yFp~t bf - i the Nropetly is aubject to a~lie~i-w~hi~h'=may atlain~`~r~~fityrtlver'~hisSectirity~Ih3iT~`ih~lht; l.e~`iie~`~'~if~~' g'tve l3c~r~'nwer a ; nolire i~lentify~ng~th~ lie~i: I~o~rfower 3hall satisf~~tiie lieh'or ta~kc one ~r~ m~1re of~llie ~+ctions set fd~fh'atittive v0'ithfid~l0`days g~ g I t. ~ - ~i"ihe P I of ftie 5 ~~~~~atai~d~l~suranre. :t3t~ri'7ttv~~er sh2~l) kee~ th~ iin~tr ~t ncled'toveraxe'~a~ 1 an`~ otherphazard for•which`~~~'tly ~ ~ ~ns?~reci aga~n~t loss by Br~. lra~atci~incl~cleci w~~h~n~lli~ t~' g Y I.e~der ~ rec~uires inst~ranre:~rt'liis insurance shall be ma~ntaincd~iri~tlt~'armounts'an~l~fnr~~lie`'perii~ls~'Ihat~l.e~der~~requires:-~1'he inst~rancr, c~rri~r priwi~irig°Ihe insurance shaU t~'chosen by`I)eri~ower subjrcl ~o'~l:ender's ~fp~fciv'~1 which shallTitbl{be _ unreas~nably wifhi~eld. ' All insurance poli~ies ~nd~rr~iewats sli~ilt=be accN~itable I~ l:ender an~l sh~ll ihrl~ide a stondard~m~ttgage'clause. , l.endcr st~all hav~'1h~"tight't~ishol~i?~i~~ poliries anii~renew~als. If I:ender reqU~res; Il~i'rower shall'~t~(ir~~(~tly give'ZO~Lender . ' aIl rereipls of paid~rreiniunts anil'r~ncwal'n`~lice~.' In~fhe'e~~em o~' lossr t)c~rtnW~r shali givc'prbntrt.i~t~tice Cd the ~nsura~sce ~arrier atid l:ender_° I_ei~der'm~y me~l:e~~tcx'~f of loss if n~il made'ptn~ptlYby`l1C~i~~nwer. . • Unless !_e~iiipr and~I3~5~r~~wer Oti~erwise agree it~ wiiiing: insuralice'p~uce~ls shall be applied i~"testoration'Or repair 'A' ty dantaged; if ihe rest~r~tion or-repair is ~u~amically~feasible anif`t:~P~d~~'ssec~ity i~ not~'lesseneii.~i`°INe. Y r sttor~ ~tbn o'r repair-is not eeonr~mically Frasible or l:eiTilrr's seci~i'ity~Wh'ulci be less~r~~d~~the it~s'~'tar~r~'proeeecis shayT be ' applied t~~ihe sums secure~`by ~his Srcut~ty~lns~rrrm~~~; whether"dr r'fnT~il~en clue, wlth'~ty excess paid°tior`[iBiF't`ower~Yf rse y; " ' ot~answew wilhirr ~0`days a n~tir~ti~~mxLen'c~et'"fhat~the~in~ttr~nce cai`rie~`>has ~ liorrower abandbrs' the~ Pro rl ' or ~ioes rr oR'treJ tr~ sc~~le a rlaiim,•Ihen 1:enJer m~y collectiih~ insuranre.'pr~Ceeds.' I.ender may~us~the ptocee~is~~l'~{~att~'t~i~~esfbre ` the Pro~etiyr'or to`~Say sums sert~r~"ii by~this Sec~i~i~y~ lnst~'~ii~~tii; whelher nr n(ii`then due. "~h~ 30=day peri$`d. ~1''tl) begin witcti'ihr~ric5rice is, iven., l;ntess 1xn~i~r ~nd 13A"t'`~'buer citherwise agre~ in~tv"~i~~rtg, ~ny ap~lica~icm°of ~1i'dceeiis It~~~Tin~ipal stiall'tiiit extend or ~ EwSi~ianr thc due date~'Cif~~he moriihly~paynien~s referred lii i~p~ragraphs~ 1 anci 2'Tfr~hange Ihe atr+t~u't~l'(it''th~ {~aymeil,ts. IP ` ' unde~r p~`ragr2~~h'191h~ Arapttly is acquir~~by l:eti?ier;°f3t5r~ol~ver's$iNght~loany-instirence {iiilicies and ~Ptkeeds tesulling ~ from damage ~t~'th~ Prt~~ffrty ~ti~it`tt~ihe acquisition sh~ll pass t1f l:endei` tt~i'th°e'eXt~nt`ol~ih'e s"p~ihs-secured b~'this Sec~rit~~ . ~ I n31iI'~ent ~imn~ediatrly=~1T~7"'tq'the acquisition. ~ 6, t'res~ry~lion and Mnintenance'~~I~r`i~~ty, [:easehalds. F~orirow~'r shall ~i~t~f'deslray,'damage substs~~fti~lly g ~ r t~ r I3orro~ve~ sha I~bm I a~w th ll e t'uvi5 onsto'det~iHarate` qr°commit was~e 11"`ihis Securit~!~Jtt"si`ru`merit is>~in ~ leaseho(d, y'~` r' ~cif 1he lease, and if ~'~biver acquires feeglfitle t~i`ih~Aro~rly; the leasetiplii and - ~ fee ~itlr shall r~biitictge unlcss I.enderagrces'i~f1h~`~terger in v~~it~g. . , 7. N~'Gte~~ton 'bf "I:ende~'s Itights in Ihe ~I~i~o~rty; 111~ igage ~Insurance. (f ~3i~~"~'oK•er fa~ils ta'"pCt`Pd~r"~tY1he rovenants und agreements ~~nt2iined•i~"1Fiit S~cUr"tty ~ri`sli'~'rrtenl,~ ~-'Ihere is a legal pirareeding tha~ ~t1~y5igrliflcanlly affect ~ l.ender's rigFits iri"`1he Prapetty~(sU~ch as a procetding in~b~nk't'it~ltey~probate, for Condemnat~on"or lb cnfi~~c~'laws'`itr ` nletss8ry'1~ fblec! thev~lu I regulat "tt~n~~ therl l,rnder rttay do and ~iay fdr w~ - y e dPlh~Pt~~i`t~ and'[:ehdei''s~~ights ~ r . ~ m the•Nro` rry: l:ender s actions ma in~lude' ~yiiir ~any sums secured b~ Ur~ vuhi~h~tra~~'iiy dvtt=thi3 Ser~~ity Instrumen~, ap~earing in°cour~; paying~`reasonable attOrneys'e fees and entering on~t~he Prt~petty td°make rep~i~s. Altli~tUgh Lcnder may takr action urider thi~'p2~ragraph 7; I:erid~"r"does nel hate Ib da 30. A'~y amountrdisburs~f b~°Ltndrr undi~'fhis~{?~ragraph 9 sha~become'~Idditiot~~l~l~bi`~e~f Bdif~awer secured by Ihis Securily'Insirumeht kUnless tic~l~rawer an"d~ Lrnder agree t~i~tlirr ~er"rtii~'af paymem;'~hese amouritssh~~~ bear int~rc~t f~m ~ ~ `the date of disbursement at the~'NotE~rate and'shalf'be payable; wilh interes~,' u{u~n~notire'i'rt~m`Lender Ic~`E1d`~"~'~o~ver ~ requesting payment. ' . ~ . • - , F , , . . . 58~ p~ ` , ~1 ; - ~ . . - ~~x ~ . ~ _ ...~..,-..,-a..•.~! y _ . , : . ~ - .