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HomeMy WebLinkAbout0998 - ~ - U~I~~~Y~l~'tv;C~TS Ild t~~`t[ alit~l.en~ef`Ct1~~ii~iit ~ili1 ~ tl.'t ati fal~di~•~: Y . i~il ~ ~ ~ . . _ ~n, whC~~ dlir ~ ~1. 1?p me~i~~7"i~~~i~l` 1 an ~Iht~rest;`~~"R 1 ahd 1.Ate~a~gcc. I1~Pt?~« <hall pro~i~l~ i~y . the ~~i~~l~f~tl`~"ii~tc~i c~~°~1~~'~i~bi~tUen~cd~i~~~~~~~tl~~f3~'~~rruy~»i,"~1'~i~~l'I~ie rh~~rges clur u~ndcr ihe Ni~~r H~r'~h;~ ~`ra~ 2. H~rt~ds ta`~~I`a~res and"~n3t~rance, Subjc~'Ci~ ~ihpl ~able law ar Cn ~wH~t~it~i't~~i~`~ir'b~~ l.ende~,.~~~ , 4~ + - ` . . . , ue tti~dtr t-he~te, u~'iiil~he ~'~to ~s pa~~l ~i~ fi~ll, .'~:~uni'(~`i~'~i~"U~Y~j.rt~t~;~l 10 ~ ~ > ta l.en an ih~'tl~1, -rt'~1"ilil ~1Srhts are , , `a "is nd ~)~1>' . lea ht~ld~ a~iicn1~ t~ 1` ~t~ti~`~ ~he ~~r~ whichYm;ry ~t~~inR '~t ' V~~"this Se~`u~ii Ir~t 1~nt • . 3 ~ s Y $ ` pe' ty~~ ~f unY:° (~)~r~i~r1yFhat~1 , , ~re ~?~~~1 ~i A (~c~)~ ~~~1}~ ~ mprtgagc~insurAt`i~~'~ji~~`i~x,`'ifrt~t~y:~Thescii~'n1~'~'~~_~Callcil''•c~c~~~p"vi~il~~~s." l.c~iife~ may`i~1~i`r~t~it~"tFi~I~ls~'iit~`c~i~thc ~ bas~s of~~1~i'~i'"`~f~t~`an~~~`~i~ ~'~'~te~'t~~~t~l'~"~trT~v~`iti~~,. . ' _ ~ c ~ti~ndS ~h~~~•t~r5~cii~iri ~n'i~~tiu~ulin~~~~h~'it ~i~s~~r:~c~'ui~~~~-ar-~m~tirF~`~it~~°r~`~i - "~~r~`ti~b~~ ti~I~"'t1C~f:f12)~ _ ~i~ ~t~r , , ~ ~ ~ ~ . n?~ ndt char~f ~ l't~f~t~ ~'C~iti~'r i~ ~MM~` 1~ttis. a~l ~ l~ t~~ I h'~`~`~i~ A~ Ii~ eccrrY~~~ ~tc_~tlcr,'{~~~ ~ ~ bw ~ ~ ~ ~ ~ ~ x m. l C~ttlrr . ~ li~ c~~t~~i ilCC~iis 'unlCas._( liort'~i~~~cr it~(~t'+~C`11ic` ~~"i1fi tin~l~ , i~c~rihlc la'~~ t~"t'."~~l~f~~~~l~c «1ch's1;~r1. ?e, A+~iit~rgr';~sscss~'~j I.~ndcr~in . ~ '~t~~ h~i~c~~crx"rC~1E~i"i~t g~,inta I~iis S~l'tl~i~~: "~'~t~~ ~~Ihc"`~o~t of°an~1i'iifC~t~1~"i~`CSti~x~rej'~~`tiig scr~~t~rc ~unnrtlit~i il , ? F ~C , . ' ft~i` pt~j?~sc~~ a1"~Yhi~`~~Z~i1ht'~!~~~'hcc:' 13t~F~~+rr a+i1c'`I"t~~dc~ ni~~~`;i~i~~"PY~"1t"Tiititg~"tFt;i~IL~Y~st ~ii:tfl tx ~a~~d c iill ~I''~C1~llisl~~;~~~;~g~ccm~fit i~~it~`~i~"t?i=:i'~li~:~hlr'I.i~~i rrquit~`c i~~11'tesr~f~t~+°~:itd~l~~n"tl~~~ii~~l~tin°~~tP~'rc?' , i ~ li~~'~~~`er an~~fitii~rcst'or r. ,~q~ tl~c'I~u`~ils~ho~~~rri r~fl"fi;~7iU~i~t~itFt~l~t~"1 "~iii.c~t~l'.~t~~lcr~i~'~i~i"~9~~t~~o~~~r;~cuh~l~~i~'bc:";~ii~~~:tl;~tcatiillih'~f ' ' ' i'~'~~1i'e'I~a~~S~-`~~~~~~`~l~`:~1`~l'"l~C~~'~`~'1~~f1C¢~~~~"i1i1~`?`1~~tll`:'~~~1C~~~1~~ _ am picil~cd as iiilUttt~i~li~~~CV`~i~~fc~~Yhc su~~~s s~~~if~bj~thi~~~ti'~`l~~l~!ttl'~fr~~. ~ ~ _ ~ ~ . ~ ~ i '~I~fhe~amdt~~lh$ F~`~i~tiel~ °l:en~ferr`t~ ~thc~ ~t~ith~ti~li~l'~r~'~hly~`~~'tments c~l` F'u~dt ~~'~'bic°`~si~`t`r~ y '~4* ` h the dC~~iiaiex~°dl°~~ esc~~'b~~it~tns. shall'e cceii~I'~'~e a~butit t~~"~~~'~~~li~'es~~owfit~~vjr ~n clue;'~he'excetc s~i~U'be, , . _ - ~ at I3d~~oWeir'~~t.=eith~~ p~br~ij tl~tc~p~td~~-~~~i~`c'"~it~i'~~ I3dI~v~~ ly~`~'~'f~ietits~of T`t~ti~ff'~~ic ~ ~~i~it'i~it~` ~hc~`due;'t3~"'~~0?~~~h~fl~?y~lo~t ende~Y~)' f- . ~"r t - ~ ~ . amoun"t~~ess~f~t~l~ h~i~fl~ttt~~i~i'~!?° Is^as~rei~uireci'bjiL'~`ri`dte. - amount"`~ ~ ~H~ld~ ~d~r i~t`!~utli~ i~ Sc~'~f°I'tl lii~l'i'ti'fii~i~t, l~~ider'shail' . ~.I ~t~ib~lU~tri`13~ui~r : U ~~t if~`fY111~f~~ll sums s~.~U~by ~h ~ . F~~~ 1'"`. ~ 1~~~ . . any~f~~i~d~ h'by~L~Fid~r'~ If't~t~"'~~b~~~h'~I"~~~i`~" PF~1`'tg~~s s~~`Je~r ac~t~~'li'~l by l:e~fer.° 1.~ndcYsiiall"~i ly: n~i°I~i~r ~hai~'i~~l~t~ly~~'~ii~~' t~5 thi~'fi~le ~i'I`~h+h`N~ty„t~r its arqui~lt~`by~l:~h;ii~r,°~~y F~i1Yti~H~1'd~s~`I:~iYdAr~~t~Ch~' ~"rr~e`af : appl~cationas~a'~~eciU"ag~ti`~~srtt~ti~t"t~c~bp~f~~'ScZ`tT~i~i~1~ ~rl~ise; ~1) ~i~jJi~tents~re~fi#i ~ .duc"~"'d~"~rFie ``3. Applicahon o I ayi~ents. `U~less ~li~~ble IaH ~1es t~t ~ ~A ''Ett1 by-'l:ende~~clcr ~ P 8 , P ~ _ . ~ ' PP ~ $ ~ g ~hc"~"Note, s~`c~;~[~~'~f~e~?t ~h~r ~c~s . ` _ - ~ ~ Note; ithi~"ii, a~i1'~t~6~tC~ a~~abl I~~~ C~fia '~,~Fi,2,•~f6df ha';~'~1~''Tl~f~`~+k~'iiuc: ~nU I~~t, t .~ij~il ~1tie. . : 4. Charges; l.iens, E3or~ov?~~r sha11 p~~ all taxe~, acsessments,~~k~tges~+fli~es and ~rr~~yT~fits ~tf~ib'f~i~bl~l~f~`the F~~ Y' ,Y I~ Y ) ~ 3'` s~it~'g~tit~iitl~'f~tts. if`~~ny _ E3~ rowe~ hallk ~ Ihesr ~bli~ ~t~i s in ihi~iht~ ~~tvtil~'d t~~'~ ratira h 2,~~~~(`~f 1~''ti~ft'~i~~`.'~[3d~w'~`t shall . a"ih~~'b~iT e"di~~l ~~th~ rsdn~t~'f~"if ~ a a~en~~~;~~snail nrht~F. I ftli'f~i~N`'t~l:ei~d~r all°~i`~tices~of°a'~ti~ts ~ P Y Y~ I~ 1~ d to t~c~~i~fi~i~~tiier;ihis~p~ragr~°~h ~tl~it'~ov~'er~r~t;til:c~Ih~~s~'~aynttms di~t'L~11y, 13~'~Atr sfs~ll ~`f~'i~`ij~ily f~i'i`~i~sh``c~`L~t~d~r - recciP~,.Ii~O~~n h~~ 1,`~q-rif~5t `~li~ . . " ` y ~ ~+~~erthisSc~1'~i)ylr~`sy~tmi~~7~t"u~tless~Iidir`oW h:1'~ c~in lien a h~h Mas rt~r~'il , ~ , Y g p y ' , ~ ~t~"i er:`(~) . ~ y ~ agree~~in u?7i`iii'fi~"f~``the pa~~rnt c5f [ti~`~bligaUai~ sc~~l~'d b) ^the l~en ~tt :~''mamier ~~'L~'ij l~b~ i`~Lt~ftd@r, °t~t ~n~gboii faith~tFie lien by or def~ii~fs a~ainst~enfcirC~m~nt ~r'ihr~l~en ~n, leg~il~'ii t'~c~~dings uihi~h*i ~ h~l:tndeF's'ci~ ~nioh o, rate-'to prevent"theyi~nfof~et~rr?~~iSt~ihe lien°Ar fb~f~t~~t~'"'~1f"~itj~'~`p~it~f'~fi~~1'~~'j~tty;'o~`(c) s~~'~e~fr~?~'IF~~`Noltf~~tOt~iFi~ li~ti~~tn ~e ~~tnt sa1;~l~t6ry~t~l:~t`il~r sut~c?YtiiTS:iiim~'thc li+~fi~tt'~"thit S~~`ir 1~•~insi~ritlrni~ 11' i:ender~ti~ii~~it~`ne~'`tls3t-~nypfi~trof 8 . _ . . _ ~ Y 1 . y . : ~c ~fib'er~ Ib~a~lien•~filif~h~°~5 au~tiny ric~it cfivrr~ihi~ Srruri~ Int1~`i~~ht: Le~iiier may give}Iior~'bwer a not~~~'~`~i~'~ify~"In~'1tii~~lieny[3c'~ir~w~r shall sa~isfy~tft~'litn"~~ twke°~tn~ ci~`'"ritCs'~A ~?f°~h~'~tt~rnts set="ftR'~`Ih~above wi1Fi~r~'~i~0~1~ys ' of the`gi~'i~g ~rtiritPce. ; ~S: ~1i~r.~rd lns~~a~ti~e. `~i3d~~~ci~er sh~i(~kce~`tli~ i'iii{~ra~~c~wiri~ts°~1ii~?•`~xisiing ~r her~afte'~~~rected'c3r~`'the P~ti'~"Fty ~ insii~~ii=~ga(nsf los~ by°fite;:h~~~i~ds`in~ludeil°'~r~fh~iri'~Fi`t~f~i~ "e~it~'1~`ii~d c~~<<er~ge" a~d any c~~h~'~h~Y.al~ds fur whieh~L~~lcier ~ I . _ . requires msu~~t~re ~'~his in5~`P~ii~e'shall~be ~i~f~~rr~d~~the amaun~s ai~d f1?~' the ~2~~ds~lh~i~Ler~ifer~reqUl~es. ~I'he , insurance c~~fi~"r'"hrt~i+~(ii'ng'the ~~sut~hre°~F~:~II~tx~~~Hnsen-by'13e~fY~a'er-~ubject ~o Lciiiie"r's app~val ~~hi~h"~ts5il~'~ot'be unrea~`onably W~'ihhtld. All'insuTt~ttce~~liEies•aniirrenew~ls°shall'be acce~i~~sle'It~`l.riiilrr and°sii511fi~nriude a'"s~ati'~:~d~'~ii~iStrtgage~clause. * . g. . . ~ . 8 ~t~~ ~ ~ ~ S, ' ~ ~ der - ( ii ~~ce~p s~or r ~at~~ m~ ~ums nnd ~neV~~l'~i(t1 e~ I~n`~he event c~~ lcts ~li~Fto~wer~~shall ~iver sh~lll r~i~c"e l~"tti~ n ufahce ' . ca'r~ier and~LchdCr:l:et~der~rrf~y'fisisalk~ (~tK1f c~f I~st~~f ~td~rmade; ~f8rtt~511y b~~i3tfttnw~rr. . '11n1ess L~t~``d~r'~ti~ti°Bt~+`awer oth~rv?ise a~gree in v~~it~ng:~insura~r~i~ei~cis~li'~II be apj~lte~f~ib re3tt5t~ti~tn cf~"re~iair ~ uf Ih~'°Pi`6~ty'datnaged, ii`VINe~'res~c"s~'lid~'~r"~t~ir is~ect~i~orriic~~ly feasib~le~~t~d~L'e~i~d~~'s ~~~~ityAis not-lessened.~lf~~He rest"~t~t~~~i~or~repair-i~ n~5tf~~~i~?ttr~icall~feasibl~"ei~l.~~d~'r's stc~i~iy v?~oulii be lesseni~d~~li~finsut~nce ~pfc~etds'slial( be ap~11i~'d'tb~the sums s~`~r~~i`by~this Se~l'~ityFlnSti"~et~i,`~VGhtihe~'~i~~'rtft"thei~~lUe.-withs~nq'exces~s "~i~~`d'C'b~Brfi"fdwer."'lf . . . ~ O d~ys a t~c~t~irt'f~fi~1'L~~id2~`Iti`3i~fie'i~is~t~i~ce`~~ier Fias ` E3o~rowe~-ati~ndons"~~k~'P~bEte'~`ty; o~does nt~t"~nsaer wiit~~rt ~ r : ~ thet ~Fa~t~t~5r~'t~~a~suhms tec~ red~ba'h~llt~l~ih~`instltance r~tf~~~t1s: 1 end~~/~us~the pf~ceeds t+~tep~~r`b'~`r'es(i~te ~ yy p y y}' s Secu~ty~Iri3tfume~t:rwhtthe~r~cft~tF~`~fi'dtlti. ~he`30=d~~~~ptric'fd will tiegin 8 whenih~'~'~ice ~s rv~n. . g t r g.' .Y I!h , < .Y ; . , =Unl~s~l'~1'id~~'arid f3c~~t~wet'c~1h~'rw~se~a r"e~'~f1 ~"r'iti~h atl a It~atit')i~f' rts~eedtf~"p~"inci~?al~~hall'~1iit'~'ittenii ~br po ~xi ~ " ~$i'~h~c'~t~t~thlq~payinen~stefett~Ef~~T~'rag~aphsl~~`d2orchang~lieamou~ii`~t'ik~"~ymet~ts:=1f ~ st n~ tkt~~`l~'d~t und~~p~fagt~ph'19~fi'~P~~'i'1~ is~acquiPed'by*L'ei~dCr,~ii~ow~~'!~i'~gh~ to any insuran~~"~li~ics'a~tiN~t`~zr~d~r~suhing from d~rtt~gc?°t~t"1he Pi'o~irty ~i~~Ft~ the ~7~ii~iti~il~"~h~ll ~~ss tb L+~~dt~t8~he`exlent ~i~'ihe ~Ur?~s ~ ~i~`~~t`rn~iii~rrl h~ ~c ~i~tern. . F.;$ . . - sce~r~~ bs§tkis~S~ert~~iry , ~ ~ ~ :6 Presl~~ritia~i`ii~ld h~~inten~nc~"~"t`~ .~aseholds i3b~i'`b1~e~~h"~II ifb~ dest~o , damag~'or subst~~ilti~lly Insli~i~ri'~ ~ p~~~ - ~ ~ . k . y ~ ,s ^ - ' . ~ r „ . t'~Fii~ Src~"i~iy l ~t,i~ b~t a leaschold. c8or~`owE~Sh I~ly fw Ili ll ~i~i~~~n~I` N~le~se,a ~~I`b'E3d~o ta~~fres fee ~itl~N~°P`~tty~th~C leaseFiold.and : teei~tle shall~~i~t'i~t`~~g~'~i~les~ Lerlii2`r a~rees t~fi~~iii~~gtt iit t~i`ilfi~g. ' - ~ ~7. !'~tbt~~la~? ~fg~:end~~'S'~Rights"t~the F~lbpe~;~Mo~Cgage'~Ins~i~~'~e. - 11'=Bc~F~'awet~'fail~to"~c~`f~~lhr , ~ ~`ihat'rri~y 3ignificantly°aflect - °cc~!"i#$ifis and a~reements°~tt9ir~~tf!f~'ikis Securitj~(i~ti'ifili~flt~`d'~'~thlrc is a'legal p~cirtedin p ~`Lend~'~'s~f'~~IS"fih~th~°I'f~ty~(s~`ch as ~~~i`oree.'d~trg't~l~b~nk~~"~te~y~!"~~`$6~te, for~'~o~dt~"in~Tia~i'~`~tD~~~~fd~ct"lavvs`'8r fet wh"~tc~vt~r is ntces~'t ' C~ih"e v~lti'~`~f tii ~ ~°re~ula~~onf);°1ht~t~1`i~ldt~'ina d~ia'hil~~~li~`d~"~a an .-s'~ts~sec~~-b a~~lier~~~ht~li`'li ~~~~ancil.~itd~r's~ighls ~ . g ~ ' - i~ ihr' f't~~ki~ty. Lendet s acttons'='t~t~y- ~ `~ii~`.. Y~r . x ~ , `as ~i~i~ityw'~~+er#this"Security ~ vyfi~. d~ : _ ~ g p ~ y ~ ~t~7'tii~~tfl"~k~''~P~l'~t~i'~ak~'rep~tts'A1~ttztUgh ~ Instru~ei~t, appE~"i~t~'g~hi2`~I`(~?a~?fitfg'~'ta3onable ~~11~'~ s tces and e Ler~` r'"~~t~{~~°~Ct~Oiifiil~di~fttfi~ ~~a ~a `h~7; ` nd~t`d~es~ridC~1~~~. _ ~ Ai~~~+n~ts'disb~`~"st~'~'L"~~d~°~°~`d~~'tli~~~'aragt~phTy7 shal~ be~~`~ne~~~dil~on~l~1~~~~f`~~owrr sr~~nr`t~`.bylkis ~ Se2`~'~t~" I~S3~t~'~~."~1~iles~Bt~'~~?tr`~nd`i:~~id~~.agrc~'"ct'~tk~~r~ti~`h~i~'~1~~1~~s2 amrn~tC~sh'~T~'bra~~nteresi" ti~~i "`tht"date bf `di°sb0irser?li~~t a1° the"~tt~i~le and shall ~bt:{~2ryabk; Kith i~t~rE3t, u~ri"'`~i~li~'C~f~~m~L~~d~E`f~ to'8f~o~v~r r'E1"~i[l.~Ifr1~~A'f1!11t. ' ! ' " . ~ . . ~ . ~ ~ ~ ~ ~,~~V~II~~~/5 ~ . ,a:. . ~ ACE _ . _.,..y,.,_T.......~..~ r..._....~-...._..~r. r_....~ ~ e ~