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HomeMy WebLinkAbout0949 'Cl ,~t~`` t ~l~s. I30~rower and I:end~Tr'~c~ven~~l~ar~~ ~g~ee a~fbtit~ws . 1 0~tKirt ~1 ~nd late~eat; P~e ~ m ~it and IAt~ G'h • ~ y~~:raF.y. _ ~ . ~ ~ . ~ - . ; ~~ges. ~f~awer,shall ~r'or~l~~ : ay when due ~~j~~~ ~~{~]~p( ~ ~ ~'tf~."dcbt ev~denct~b ~N~"tb ~nld r'~' ~~'rri~i 1~'i! i~t~ ~N~rge$ du~ ur'~i~h'~~~VAIe. , ~r ~ , .~,ri._.. ~~4' ' ~{~~~!~\r\~V~..~ f .y:~~ . . A: ~ - _ 2 F`und~'~~'~ T~ces an~ Ins~r:nce. Su~je~i~i$~`~l ~bl~ la~ 0 1~, R',~'i~`'~~ivC~b~° I.end~~"' w t~h~ll pay tosl,end~~'~intith~°~a~ilily=pa~~~i~iits'~tc'duc ui~~d~`~'",t~i~d~~; ~f~i~11~h~~t~ is~i1~*Illll~ ~'s~' s~ ' u~i`~°o unc twc~llh~~bfs• a ea~i ~laxes_an~i assessmcnts~whlcli'~m~I ~ita~n~ ~~`y~`dve~ `lhi~Secur~t'`'~~~1PtlfhCllt~(b~ ea~ly . . 4 ) ~x ~.r~f F E ~~~~C ~ Ieasehold~~yi~c~E'ts~~ giout~d~ren~s~~an#th~ Pt'~`~iy, if anYt ~)~~~rly har.~`r~d~~i~~~ii~c~°~rer~iiC!'~r ai~d~i;d). e~'ly mo~t a e insu 8 8 Y . . Ilcd"~'esc~oi~itcros.;.~l cndci`inay es~t ~t~`th~ Fu~s ~~tfi~ilie ' ~ basis'~'~~`~~'~c1fit~ ahc~~e ona le est mactes~ol`f~~`e'ess~r'oi~`i~h~s. ' , : ~ ~ ~ - . ~i h~ Funds~h~11 b~ ~~I~ii~~`stir~tl~~?1h~'d~~~t~i'~~c`~out~t~~'of ~vhi~h ~~~~~~r;ci ~~r ue~a~4it~~ state~a ~,~(it'~l+~tfi`~~"`_L:cnd~F1R . ~ ~ . . . . ~ ~'~`f ~~~S 1 s such ~fi"~a ~ ~ . ~ ~ LendeBm~'°~t~ii'~'~' e 1`~`h'7fltli~'~ d a~ 1,~`ii~" F"~ ~$~r alyx n~ ~~~'~~it ~"'V~~{~tfi~~the 4_ ~ow"it~ils uitlcss i p~) ~ r `Pf`b ~ ~"~t~r i ot~ ih ~ ' ~ - ~ ~ , l end'er may a~ree n w~t~n~~h~t`'ir~t~'~esi shall'b~ a~d~~~yta~^~~m t~"1~'d~~~~~k~ s~h a o'h ~ge [io,~r Gv~`~~a`i~~i ~ _ $ g~ - ds a~d a~ 1 .~unds. lT'n`tess an a reemeni is~ itt~de d~ a~ licabl~ I~w ~ ~ ic „ * ,1~~ ~ ~ rec~u~'res°~rff~~e~l~ti~ i:~~ide~ shall ribt bt re~i~ir~ ~~°~"''~~e~" B~i`ba'~ at~y"~~i'Ct~resl o~- e~~g~''+'b~lii~'~'~ds~~:~~i~c~~` g ~ ~ T. . g , $ flh`~F'~d~'3h`~wi~~fire~it~~2~~1~~bit3~`Yfi~F~isani1'~ti~e i shall `i~e td E#~''~ r; a~uh~t ~h~~' e, a~ annual ac~+~i~itPii ~ . purpost fc~~ ~'~iififi~li deb'~i~l#~ I•'~'~fis~`~vas m2~de. ~h~' Ft~"d~'~r~ {~I~dged as addi~~bn~l s~c~i~it~` fd'!~`tt9C ~'omz sect~ret! b~y ~hisSecurN ~ln~ir~ftii'~nt. , ~ ~ ~ °~1 i~e at~i7ilS'nt"bf~~h~P16~'ds°ti~ld by~ l.endtr, t~$~~~ W.__ ~i~tt~ly~'~i~~ts~of' i~i"d~y~blc`~~~"t~'i ' ' ~he~ wilh~lh~`l~i7~~t`ih the due datesxol~~~ esc~ow items, sliail'~~C~eed Ihe amounC•ret~°i~t~~~~~'`1`h~"e~`bW itemS, whe"~"due, "tht°e~cess "shall tie. ; at ~3d~ic'er' : t . _ s"~tf~~ e``~t1fi~~°;~i~+~it~tly~~~~~`'d"1~1'lior~b~~e~r~dited ib B~f'~'o~~~"'~~`ri~~b'~ttil . f~if f'~"ds `IP'~~'e . amotl~t~ ti$" ~ _ amoun~ ~ntcess~t~ ~ s°h~1~ bj~Le~d~`t ~~t~ot~5uflic~~t~ '~iF~'e~~`b~ir'item3 when~due, t3o~ro~+re~ ~lia '~ji~~?'tt~ Lert'~e~"~'~y , ~ ~'iFi~lk' Ii~'titfic~~'rt~ _ . . ~i ~ ~~i~l$ A3~'"! l.~`"~t~. r; b_ ~ U~i~ ~t1i~t i1~~11'~f'~Ii ~fir~ s~`tcii'b ~`tki's Ser~~"i ~lri~l~h~t;~ ~ sh~ll'~ii~aiH~~l~l~~i~`H~~iier ~ a~ ~!?ur1d~`t~~1~f b-l.+~~d~ry ` i~~i~'~`~graph~`~}i~'~~`tS'~C~iT'~'bTi~'~t ~`L~T~``~~ t end~r't L.end~ 3hall a°~1y: il~latet t yn n S 1 f ~i~d~ : k : . _ ~ ~ ~ : ~ ~ t~,~ ii mediatciy p~''t't~''[Fi'~ s~l~ of~ih~~i'~~3 i`lyr6r its acqmsiti~n~by-I:~Fi~i~er, a~ty ~ t~itd~~tielc~ b~L~'itde~ ~l~tFi~~ 8f . applicat~on a3'a c~rc"~it against"ihe s~ms 3. A~~'licaii~n•"ot j a'men s sCc~rt~b~(h~'s S~'~~yR1i~~t~~'`ii~Ri~nt. . . pp p' y t Unle~s ~'~lic~bl~''1aw"rrovides o~h~i~w~ise, ~tl"~i~i~ti~tts ~~eiv~b~' Lz~rd~f~drir parag~~pF~s 1 a~i`d 2 shalt be a~ti~1'~lii~t'il~t~r~ ~Fi~"~gc~'~du~"~Y'tie~"IN~tbte; serond,~°1~t~p~ j~menl chatges"due~f~#`d'ef °the ~ , a :~otc; ~~'~~,~,,harg sunts paj~~ble~`~ii~~~i~~i~rahh 2~f0'~4tN~'t`~i"i~f~'r~C'~ue; and lasl: tb~'~`il~'iP~liiur. . . 1~~'~s.- ~~~aw~r sl~all }i~y alt't~xes, assessmef~ts,~ch~rges;_fihes and~ifn~ii'ttfits ~tfiiib"tltable Ib tT~e Y~~i`t~~ whith m~y alt~ir~`~'~'ity~tSver this .Sec~iiit~=l~i~ti~u`f~~~t;°'ai"~`d~feaselici(~i~s~~yme~i~ts~'~ir`~~~~rb~nd~~e~its;~if'~y. P y k~' ~h~~ aih~se abl~g~ir+~~s ~a~th~ ~t~i~t~5i~i~ci~~~ragraph'°2; ot"itl~'°'~id~i~nh~t~2m~t~r; Ac~"i~t~~r sti~ll ~ ° ~ y irec~lly~t+'~th~'~crsbii'o~c~ci ~a'~iyii~ii ~1:`l3di`~'o~'f~ Sf18II ~f`~1' ~~I~~~rSFl~ib L~n`d~r a~'"~~`ict~f~~di~°tits ~ to bc p~~ti1T~'tie~ihi~para~~aph.~tf Bd~t~•er rtiakc~s=il~es~'~}~~nenls~~dire~fly.•lio~i`owti~`~hall•~i~(~`i~~ll~'fif~~iishsta Lend~r ~ rece~~rts ei~iden~ing [he ~tiy'~ti~ents: ~ _ ~ : '~Nci~11'o'N'er shall"~YSt'~i'~tly'~lisrh~`fge aity li~nivi~hi~k•ha~`~~i"ity tfv~'~`thi~:Seihit~ty~In~i7t7iSi`~~C`ditless F~~WEr::("~) agrees in~~'i~tfih~ t~th~"~?ayment°~~~he dbligatfo~ ser~aredby~the`lic~i"~n~~ manner a~ce'~tablC`ig`i.tnd~f; (h)'~itests'in"~'~Sd faith~'the lir~ii'by;'t~t`defc~iis~agains~~ettfdt~et~t~~i1 `~f ~he'i~~i~°~n; legal~~5~d~eeii'i~ig~ whicfi'ih~~ii~`l.~~t°d~'s ~{~~P~fi6~`~S'per"~t~`tb - ' preveni~ifii~`rnfbrc~~sir1'tt af~~he lienFOr~fd~`f.c~t~l'r`c~ofany ~~'"rt~~iflife'i~~~~P~ty.~rf~)cse~t~re~'f~iH~"th~h~ld~~`~~fi~~he`lien an ~ . agr~~~t~ent ~atisfac~~i`ry to l:e~ider s~ti~tiin~iiii~he lict~`t~°'ii~is•5ecu~iiy"I~~I~it~nt: I~LPt~fd~~'~`d~i"c'i~'t~ifine3~th~t any'~t~if ihe kTd~ir~~f is subje~t°td a°licn' i~~l~i~h`"niay altain~'ift~~ti~a'dv~i"'IFfis' Ser~~ity~l~'~i~it~t~L`r~"d~'M~y give`I3~`ower a noti~~°rdc~ii'tifyin~''lh~li~ii. 13~`t`~'ower"Sti~ll'~~lisl'g°th~"lieir or ts~k~ ot~~:oi~~'IP~i"8r'e'~f"the a~~ions s~i'fc~f"fff~bave within~l0`days of the g~ving ~t`il~iti~r ~ - ~ ~S, 11aza~d Insurai~ce. ~~3A~rou~er sh~fl'kecp''fh~°i"ti~~ife~rmenls now~ i~Ri3ii`1~g"or Fiereafter`~re+cted ~~*thi~ Propprty : ~ insureril'aga~n~t 1c~s'~b~~ fire; 1~azJrd3 iii~l~'decl u•i~hin~tli~"ti~i"extend~ii ~7iv~r~gr" and any other hai~'rd5 f0r whiCli Ler`i~~r rryuires in~ur~riie.'~'his insutanre shall~bc i1i3'ih13Ti1~d in`the amounts and'•for=`1h~periodsp`that`L`-end~r~t~quires. ~'he ~ inst~~~'~irt cafi~ier~~ii~oj'~di~~g'thC"i~~sur2i~icr"'.th~ill'be rhoscn"by=lk5~i~n~Yier~s~,bjefit'i~S~L°`eii`deYs'a~ipfbval-which'shall iibt""~be ~ ui~reasonably v?~ilNh~ld. . . . All in5ur~nce"fiCSli+rics and r~ne~'~ts `shait be atr~~t~ible° ta I:eri"der anii shall include a stai~~if~r"d''md`~tgage clause. 4~~ I:r~dcr shaN have~the`r~ght°~to`Fi'~lii the poliries'~'rid~rrnewals. l~~l:endEt'req~ires,~l3e~fow~er'sh~ll~~5~`i~i~11y give tb~L~nder ~ ~ a11 reCi.~ t~'of aidi temi~h'fhs aiifl renev?~a~l Iibtircti.~ (n'iltr'event t~l'Ibss, 13~Ffow~`r'~h~ll ~ive~`p'~fi?i~ftfli~btice ti`?~'th~'in~+6'r~iire ~ ` h r~~~'i~tr aniisLende~. l:ende~~ntay'make "~rbof ii~ loss i!'i~t~t°'maii~~~i~3i~i~1}r by~ t3~r'rower. _ U~ilessl:endet ~i~rf`~3~r7fG~er ~lther~ise agre~ in`1~~"rig: insu~r~ince`~t~reeds shafl be`~~(ilied't~`rest~"rati6~i"~i`'~r~ir of'fhe Prbpeft~rda~aged. if"th~sfesl~5t~'t'ibh Or`r~jS~ir irecorTL~ilir~ll~fCas~tile anc~`l:erlci~t's se~~Yily~is~nof;les~ded "It~Fie res ~ s+tton'~n~ re~pair is no"t ec`on'timirafly teasible vr l;~endt`r's secos9ly wo~ild'b~ lessenrd,`~he insurarfc~""pftS~t~ds shal! be ~ ~~iod to 1Ne ~tfi~~s seCUteJ by~~his S~.~cu~ty°Irtsli~i~ti~ent,~wheth'tr or nol `tlien°due;.with any`excess°p~id"to~~bwer:°if k•cr abandnns the°Rrb~~ty; orFdoes ~ot ar~swer within~~30'days a no~lce f~'~''~L:endef th~t~~Fi~"insu't~~~e'C~~tie~ has olTt~t~ tb ti~~ tle a claim:` thrn• l~encief~ ttiay r`~flle~C th~insurat~re `prore~iis: I.etid~Y"r11a~~' us2~th~"~?roreed~to` repair'o~`fesf~lre ' thr'1'rts~crty'nr~tb~'p~~•;~`~rftis scrured~by='IhiSµS~'r~1i~yFt~isi~'~'in~iit;twhethe~ orxnnt'~h~°~iue.'~'he ~0=day=p~`riod +~?~ill~tifgth ~ - ~t'F~r~ihr notire ~s gfven: . ~ y,~le~s I:~r~tider ar~d`~l3vrro~~~r dthen+~ise agre~ in W~i"tTr~g. ~ny°~f~f`~iH~tt~`'ef~i'~ktNds'"t(S"~~`iif~ip2~l'"sh'~lf f~6t'extend ~r pcxt~ic,ruj''ih~dtr~'datc~c?ftti~'~ttist~lNly°~y~ner~ts'~~efi~~'r~if°f~'itraraY~-hs~~land2`C~r`*rh~'~t~`ihe'ar~io~u"~tb~ih~' e~tients9tf h $ . i~ 8 W'~Y fr~ i dam~g~ ttr ftie P~~ ~rt~~i~i~r"'t~ he rc~i by^~Lendtr}. lid~t'"bwer s tigh~ t~ti°~ny ins`Tir~~~~ioliries and ~iro~eeds"resulring _ g t~r j~ a~quisitic~~n`sFiail pas~(`lf tendei~t~"~h~ ~ztent~~~'IFi~"~tn~ s~ct~r~d by~this Sec~li~ty ~ Insti`un~cnt ~mmitiii~leh ~`i 1he ~caui~tt~b~. 6. "!'reserv~ttot~ ~nd i~f~ii~itenanre'df Prdperty°L:rf~seholds. [3o~~'ower sh~ll'ri~ desltb ~ ama ~`Or iubsl~~ttially - w . m ~y _ . _ , . ~ . ~ y~d,_ g R ) t~ Y` . . BcirroW~rr shall rom t•~~~tk~tht"' ~csvisio~~ bt~h~ ~~~rate ~l `°~~fi'~ft t~aste. [t` this Sec~tit~ Inst~'~~i- ~s'on a Ieai,eNold. - ~han e~the Yrft allo~""`~ht Pr`#t ~t to d ~easr, and'~f ~Wer acquires k~'f~tl~"i~i`"thr " ~T p) p ~~ty; the ltasekotd and ndi m~r e unless L•er~d~ra rees t+~`tk'~'mtr ~r ~F? fi~e iitte shait~~tt~tibn 'bi [.ender's Rights in~ the P~~p~r~,~~g 7. `i~` ~ ~t~ttgAge Insurance. If goi°rbwer~fail~'_to°~p~tfo`rin:~?he ~ c'avenan~s und agreements ~~`nt~iinld~fP~°t?~isSecu~tj~tn's~tKJ'Rient; o~ik~~'c is a legal'~Yu~e~di'fi~lii~YT~y 3ignificaii`Ny affr~t Lendt~'s ~tights in•°thr°P~i°`~I`tyE(such as a°p`r~C~d~ng ir1`banl~"~1"~f~y~'"~S'f~b~te; f6ir`~o~der"tinatio~?`or,to'enfotce`laws or re~ulati~n3): then Lt~rder'ma~~io and pay for Wh"fit~v~ri3~tcessat~'1~'`~tt~"'tFf2`value~~l~i'"~~1y a~"c~[:e'~"`idfr'3'~i~iifs ~n the~P'rtfper~p. I.ender's'~cti~°ns` may~inclu`de'pa~?ing any sumf se~~ted~by a~lirtiLL wht~f~~has~~p~"i~ty'~AVet~this Sc~uri'ty. ~ Ins~`ru~r~ti~;~a~Ppearing~~'n°°cr~urt~sa~Prtg~f~`~~abte`a~C~i`fi~+s~fctsand't~ifc~ffi"g~o~lhe~~i~p~Tty't~~`~makr`repain.Althbugfi . ~ Le~der ma~take actiot~~trdtr"'"this'paragraphn~~l:~l~drr``doe3-fit~'~h~`~~""~S'fifi~o. _ - , - . .o. . . ~A~1y amounl3 di$bursei! b~~lxndt~f~idde~`tht~'~~agr~ph h sha~b~a~e addilt~nai dtbt o"~'~~~~?v~r secl~r~by~this Securityrlnst~°umen((.~nless•8e~~"~`ow'er ~nd ~ei~d~`r agte~'"Tts"tithe~t~~'r`ns'bf payfhent; the~e artiiou~rs~li31'I`liea~i~iitt~ttfl~~ `the date of•'disbur3~?ii"ttt~t at" the ~?~tott"~ate and sli$Il~tk*~~ayable, ~with~ i~t~test; upb~tinet~t` fi~8`~ii`L'~I"d~~ "[6~B~i~~vrr rcqutsting`payment. , , ~ ~aoK'~$5 ='P~cE ~ "~4`~ ~ - ~ , _ . . ~ .t _ .....,....e.~~;,,...a,._:.._..~...~..~,.__._,.~,~._.,.... . 6 _ - - .