Loading...
HomeMy WebLinkAbout0941 Wt~1~2M C" ~ . _ . . • } ~~~11~lA~TS:° Sorrowet and~~l.endot coven~nl and agr~6 as followa; . , , 1: Pej?ment`a~' P~tn~ipsl al~c~~l~t~t'es~`i~FropaY`~"ndnt aa '~.ata Chargea:~~orti~owershall pt~r~'??~11y~j~ay ~ whe~i"du~`~h~'~ip~t'~f ~iid interest a~1'th~'deli't evide`hced by"th~~Ee and any~epaj~~`n~nt and late~h~'tge~'due . ' . undei''~h~~NOt~. ~ . ~ . 2: ~nde fo`r~fax,es and In~~r~ince. St~~ ect"t~ a plic~ble°law ~`t~f ~~v~t ~ y sha14, t~l.~nd8~°or`~h~,"da~'~~'thl~"~'n`e~#s are"du~°°ur~~de~r~h~~Nbto~' u~til'~h~~ ;~t~ isA I•~rid~; ~~`owa~ ~ t ~ pa~d't~4 1~ a ~i d ~ ~ A ~ _ .;~_M~ ~ttali~ of~ ~°~ve"F thts Se4 a~lh ~ Fit~i~c~s ) by~l~il tb one t~'~.~'th~f. (a~^qeAtrlq"'t~~ces assesamen~~ ~?~htc~i ~'n~ a `~g ~ u`~ty . _ Instl~ift~?~"~C~;g'(b~ e5~w'l~i t~~,,~„a~,~s~oh'~ld~~i~j?me1~~~`'~iiO~~d''r~1~t~~7~'~1i~ P~p~~r~ an~~(~~''~`~ly hazart~~1~~~`ce ~ pretiYi~'i-ms; a ~ c~~l p~ ~ ~a q ~miuma~ ~n~i~ °~e items ~r~'called'"esc~o~`~te~i's I:~e~`~y , ~ ~ y ~ d ~ ~ . estttn t~~ ~'F~i"ds ~ ~~`~'i~~h~ basts ~ ~ ~ nt R _ , _ e d~`~~~ it~"o~a sona le e$tiiim~te~ tf!' ~U~i~ed~ esc~~i te d~~f~~doral - d~~a a„a ~a ~e of wht~~ ~r'~'i~~i ~ ~ ~ ~ 8 . ~ ~ ~ . ot st~t~~agenc~~~in~ de"~ i~Le~de~`i~ suich~~ri`in~tit~~tbn). Lender ~haU.a t~f`~ d~ t~ e~~~v ~~fi ~ ~ ~ p ~ ite'ms: Leitde~~tC~E'~li~r e f~'h~lc~in ~~"~~i p lyin~ t~e Ftfi'~da~ ~n~l~izin h~'ACCa~~~reT~C in~ ~he esc r~o~'if~~tti's, , `~.~~a ~ ~ ' ~r ~ , rest on t.e ~"8nd a'~pllca~ile law`'~e'H~fits`Lender~td~iake such ~'~~h~rge. ~ ~~r idte ur~less ° I.ende `~iays B~~w ~ a ` . . ~ . Borfdweir and ~.ende~ thay'agre ~~~~'~tl~tere~t s~ha , b`~'~~id~h'$~~s:~~?lese ~~~~~reement is made`or i ~ ~ i~i vvrit ~ a~~l~ca~~e ~aw I~'e~`t~ite~e~t~t~b~paid; ~er?de~ slial~`r~~~ 6~ire~`E~`~~dvve~i e~t b~~~ the ~ a . , nds~Len~~liatl gi"ve t~"'$d~irowe~~with~t~~i~t'ge;°~n ant~uel act~tin~in~'`~f h~ s showirig'~i~dit~~~~~d , ~ d~bits~'t~th'~F~nda~nit~h"~A s~ f~whic~'eac~i`d~ebit t~h°e ~F~`nd~wa~ ~iade 'I'1~~ F~~pl~`dged as a~ac~it~~'i~~l - P . _ . ~ _ se~~t~fb`~"th~~~'~~s secured b~`t~i3~' Se~~fi~ii~"Iri~t~t. . . ~i~'~tl?"'~~s fieldb'~'1:end"e~ W"g~ttier witb' t~~e ft'i~ ; tkl~'~~t'S'~*u ~ le ~~o`~ to ` f~he'Hirt ` ~'~?~b , . ~ . ` . the'dt~dAtes*~'tif the es~i~ow it~rii5~ha~1 ex~~+~~i~~ ara~"int re~` ite'~"~ th~ e~~1~~V~~t~ v~rtie~d~`~i~"~h'~ ezcess sheli . ~ P~ be, el B~v~`r'~p~~n.~e~th~'~"~ptl~~eP~id t~$bi~``ow `~i`~~i''rei~ite"'~$B~W~~bnt~il ~ .~`~it~~~. If tti~ ~irieu~lt~l~h'~~ds h~l~'d`b~+ 1."~nde~`i~St"s~if~i~l~ti~'~~'a~~th'~`e`~'~~ow'It~ti'~"wh~n due~~~iri'~Wer'~h`~F''~`~`~ I.end~~'`8t~~""~mbLnt nec~ss , td"~iake'a~'~h~tletici~`no"~!i~-'tin~~t'''i~dre~pe'~?i~ietits as re°"~'C~i`r"~d by~L~~iaer. ~ _ . ~'1~p8'~"? p~ient in ft~'1t`~f~`~irrt~ ~ecitre~'b _ i~ Sec't~r~t j~In~`st~'~t; I:ehdeft~?ia~l~~bi'riptl~e~ifi~,t~°$~3'f~fi'di~er : z any~F`i'~ii~~helcl by Le~der ~f ~d~YAp~ra ~iph~i~ h~''P~~tj~'i~ ~~r ~q~tre~`by I.endery-~ Le'~'~der~hail,a~Vly~a' j~ prib'~C'~t~"~1"~~l~~e P~e~t~r ~ts ~~qvl~~tlt~n b~ G~~ttl~`'i,,~~~ Fl~'N~ h`~i~ lipG~de~t~the late~ti~n"~m~rS`edi8t~1 _ • . $e~11~t~" InSt~il~t?~t~t. , , t~me a`~lic~tiomas a Ncr'~it ~ a~nst~h~ sums securec~'b t1it~ ~ ~ ~p. • . . ~W_ : . . ~ : x . . ; . . ~ ~ a ~3.~ApplicaUon of Pnyments. Uttless Ap~~iCable`I~W~pro~fi'des ~51h~raris~ a11 {~itients t~eiv~d L,end~r ~undAr . , _ r ~ .L Y . in ...,4 ~ ~ . . , . r . paragrd'~hs 1~nd 2 s~be.ap~51i~`d: fii3`t, td~lfite'~h~rges'ti~ll~nd~f~' Nat~' s d~t~repa~t~f`~h ' _ . ' ~ _ , J , ~ ~ . } ~ : : - ' _ ' ' . . ML Y g~s due ~u~der. . the I~(~le; iht~d~ to ~~nts payable~'in~i~ir pa~agrapti'2 fd~`rth ~d irltcrest d~"ci and ~last, ib p~t'~ip~l~ - s 4. - Charges; L~ens. B~I`trowerr ~h~ll"~ay ~ll t~~tea, assessments~ ~hargeg~ ~nes and ~r~lpo~ft~i$ Att~[b~t~tsl~'~~i ~ th~ P~~`ty~~3h~h`~a~?~~tt~~fl p~t~it j~`l~ve'~thi~ S~~~`~f~ttist~Cir't~'~~t; ~nd f~aseholtl ~Aj~rrients°i~t'g~~d rer~ts; if ~i~y: Bi~Fi~ower stiall`~°' a~'~li~'s~'~'b`IigAtiSns inrth~n~rire~'~i`ti~I't~e"tl~f1`~~~ag?~fh o~f~t ~~i~l'in''fh~'t 35~atir~eri B~'bwer` " shall~~`~1iem"~'fi h'tn~'d[rei'ttp td"'fh~"~~r~tl~w~d~~rii~ntaB~~bwe~ shall'~~i~'~l~ f~"It~l~'`f~S"I.e~~er aU'fr1"~ii~e~~~f : amourits=to'~be`paid"uii~d~i~~t~IsEp~ragraph: If"B~`owet~tiakesE~i.kes~~~?iYt~ts dire~tly;~Bo~ower'shell°~~i'O~j~`fly fui~`i1i"sh°t~L"~`~`tl~~~e~mf~ts~evidencing~h~'payrh~~fts~ ' B~we~shell`~t~t~~tl~~disr~h~ii g~~an~li~~tiwh~~h~`h~a~'~gt~[~tyove'~'ihis5~~~it~'Iri~t~~"iiet~l"'~ilessBbr~wert'(~) . agrees ii~ W%ritirt~'tTi ~1i~"'~ej?i~~~"~t e~1~t~It~AtCbn"~se~C'~r~~b~the lie~'i~~~~i'°"~t~ce~t~bl~t~`I:e"n`tl~ti)`~htests in ~ , . , . go~l~tf~~`Et~:fli~`lie~'tiy;'6'~'`d~[etids eg~i~~t~fb~cer~~~1f'~f the'lie`ti in~legel~p~`~~e~"dings wh~ch-ii~li~[t~~d~t'~''sptf~t~rn = i ~ ~ ~ ~ - ~ ~ ~ ~ ' op~~rat~ t~""~reve~i~hi~~~ttfbl~cement ~f th~'lie~t'3~'f~frfettitlt~e~df ~hy.~p~i~t"~'f~h~'~~~ o`~!'~~)`s~~tre~'[~I1~i~`th~°ti~ildt~f ~ ~the lt~n ~i~ agr~~r1~`nt s~ti~f~~tbr~°t~'L~'~de~t ~'itiat~c~iri~tti~~h"~`lie'f'~1~hi~Se~'~[~t~"In~t~ilieiit~ I~I.~t1d~"d~Eermtit?es . . . . . _ , r ~ . . _ ~ : ~ ~ ~ @- l ' , • Y" • l ~ ti~~thE; Lendei'i'nay tKhat a~1q~ bf ~h~ ~k~ is~ b e~t~ tts~rli~~ whic}i-ina~ ~ct~~ y ibr~t ~Sve'~hi§ Se=c~~it~It~~r~he~a~fi~is se"~"fd`~th ~ve B~1N~ower'~t~[iC~i~detittf "h~th~li~3i: ~8i~'ower~3li~ll~~~tist ~"th~'Iie1~'ti~' t~ke d~ne o~tri~~~ atibVe ~t}nn`~~0"~le ~s~l~C~`~li~" iVin ~bf'~~fttCe.. p g , _ . ~ ~ 6: Naz~~d I ~ r xt~tin o~` h~~e~[te~ °~i~~t~`tl ~ . H ` f _ nsurat?ce. B ~owe~ ~h~li~ke~ Ehe im I~~vem~l'itfi novv i. ° - ~ . ~ , ~the . P~pe~3~ in~tiretl8`~'~ins~loss by~ Cr~, ha~~rds ir~~l~`detl wr~h[~i'th~'t~`~n exte~ide`tf"~i~~t~e~e antl ~n~ ~ther haz~rd~ f~Sr ; v?hich L~'~n°dei~'requ[re~ it~s~r~~ce.Thi~insurance shal~ be"rtti~i~f~it~edl~`the . - req~tires.'The ins~ir~n~~°~S~t~ ~aviding~tHe~insur~ce shal~'be ~kosen b arrtourit~*~fl~`Co~k~"~~l'todsth~~L;l'F~'der . . ~ ~ jr~$t~~bwet sut~j~~t'ti~iL`~itid~r's A}~proval w .s ~ y - . . . . . . ~ . x ~k~11=i~~t b~'Ut~reasonabl withheld. w `t _ All°f~~~~~' - lt~ie's arid ren~wals"sha116e'~~ce~f~~1~t~L~n . , , ' L~`nd f ~ der ~8`~hall'i~i~l~d~ `a stand~rif'rrbrf~"ag~`~lause. i o . ~ F . ~ € er gh"~Il'li~~~he~l'ight t~~~h~e°`p~li~ies~~l~~"~`newals ~ ~~I:'ender"~`~4`~i~'es; ~~rtowe~ shall`'~~rn~ti~tl~+~~~tb Leri'de? aprr~c~~pts~`~f peid'~t~rt~iut~?~~and~~enew~l t~otices. It~~}i~ e~~~t'~~`'It~ss; g~i~ow~Y~N~811'g~v~``~t~fiiri~Stii~Otic~:'io _ . . - , . "th~' ifi4i~rarice'~rAi`i~~Yt ~i3~G~~d~r: Lendet``~ttiaj?'r~nake~"p~~t`~'~l`oss ~f no~~fYl~?de~~iY~~t~#'tl~°'by~=~8r~ower. `~7nless~Lende~r`eni~~~ri~avve"~'r~fi~riv~se,agree~in i~tifih~; ins~'~~tc~`'p~ceeds `sh~li~ti~'~f'~It~'t~i'°re§t6r~tion"pr 'e eir bf'"the~~'~'6~i~ty`°demaged;=if"ttie~re~~~t~tfi$1i~~~r~p~it~ is~ecor~o'fi~f~~ll~'teasitil~ and~I.end~it'~ s~c~iCy''i§ n~t . r ssened:' If~k~'~re~t~r~~fit~tt"or-re eiraisY~tc?f '~~b~it~~iii~~ll ~[easible a`nd'I:~`d~''s s~~~ity wouTcl~ be'~ lesseri~~l;~He p ~ ~ ed~b ~Tiis Se~~~3t~`In~t~~i~~t~; wh~~h~~°bi~~~"~h'~8r~~e, wiih ~nsurance ~c~e~ls'~h~~l lit ~ lie~'t~''!h'~ ~tr~ns s~~vr ~ ~ ~ any~~~tcess~~ratd~~~~c3~,~'ower ~I~~~awe~r bber~`do'ns~th~`P~~e'~t~'~`dae~~~t a~sweir ar~thin ~`~~~ys'~`~tic~trb~n . =.Lend~~tli~t~'the~ins~lre~ice~c~i~r~has-o~fei~ti~to se~le a~`ei~Iti~;~~li~~~L`elrid~r"~nay:~~~lle~t~k~~itt~'~rranc~~`~~oc~~ds. LendeF'~ta~~s~`~h~~~~d~`tb~~~'~i~ ~est~r`e''th~A~~"tt~'~a~`"~~~~'u~tns sec'~re~ bj~ihis Sec'~t~In~~~~~t, . ' wfi~~th~r o1r`nat"~hen due.'I`he 30~"d~~~~7iod Will^ e~tw~#~Gvh~~°the"`n~~l~~,is~given. ~ Uiiless Ler~d~'"ii~'1~'~~r~'awel' ~th~r~wise a~re~ v~tftig; atty'~~~Iicati6l~bf~~i eed~'t~i~tp'~1~3hAlli~fi~t'ext~~``d o~o3t~tf~he`'~du'~`'a~t~~`~h~`+~b~lily"p~~~~~t~f~'~i~~t~ti~i~r~g~rephs 1 ~ and ~2°o`i~t~9~ng~~'the`~b~ii~'f'~~ ~ ~~~~ts~ff'~t1~~i~e~~ph~19~1~hi~b~~~t~ i~''~~"~~ti~iTby'Lendet; 8(f~~v~r's right to Aitq'iHst~ren~~~'bli~ie~ and prc~ceed~'resultin~'i~'~''d~~Yiag~ tt~th'~~'~'p~ity~tio'~~tti~~q~i~itirin `shell~iass to L"~r~'d~`~h~;e~tt~r~~'~'~ s~i~s ~ se~cf'~`~d b~'t~ii~`~SecuTity~Itt~trumc~~~:i~i~tedi~tely°~i~tt~r"tC~~tti~ ~~'ui~~. _ 8. Preaervation and`~M6~It~tensnc~~ofi'f'r~p~'y=~Leaseh~la"s:ti~~d`~rbt~er sHeli'i~ot`desCroy°~~lamage~'~ir ~~'it waste~ if'this Security~~C"~ite'tifi~i ? g~in~~t~~uq~n~~,~°`rl~~P~~~uo~p ~ . . ,I ~ P~`t~°~d~t~tt~t'~t~'~ ~ e leaseho1c~, ~~wer'sti~ll ~~itY~~l~r w~t~'~h~Yt~igi~~n~~df~~`l~~$~; ~n'~~'t~B~ew~"~ ~l~es~fee titlc~it'~`tk~'ri~i~i~.y, `'t}ie`Ieas~ii~Sld and~fee~i~l~ shap~t~#~°~r~r'ge unles~•Le~tl~°~hagree~'t~"`'th~~`"°~'~~ ~l~~~g. , ~ ~ . k ~ . . ce:f~~we~'f~`il~t~~~f~t~tke - t~1~`~i "~~:e~rder s~ig~it~ in~th~'P~~~idt~tgxge Ineuran j ~lr~t~ covenant~ ~h`d agreement~ ~~ft~'tn~d ii~~his Se~~f~~ri9~'~`~C`f~"tti~r~'is ~ 1eg81~~din~'th~t~~e3?'~i~tt-t~'~`tiy " affe~t Lettdeit ~`~IgNt$~i~k~Pi~ '~tK~ (e~'~h°as~a~ NS°ce~iliiti ~~i'l~ ' ' . ~f~e y e ' ~ ' ` ~ ~?'~~t~tiete, ' lews o~°?~egulettorrs)~the~°Lende7~~a~`tl~ e~~~pa'~"fo'~ wh~feve3~i~f~~essaryt~l~t~~t~t~li~'t~~ti~'I~t~~ ~~g'n~`d ~ A~ Lend~~''~`rigK~.~rit~~tk~~~pi~etty; Le'~d~r's a~'ti~?~ ~n~~it~liide pe~t~ ~n~? ~1r~~°gecured ktq ~ Ii~~1 whf~~k~~l~ity : . ` oveY'tliis Secui~t~ ~n~tii~~i~Y?t; ~~ipe~ringii~'~~if~p~~~~~'tea~oneble ~tt~l~teya'~teea and ~~t~H~"b~""~h~`~tb~~t~'`to make're{~~tra.~A~t~}i'Gender ~ney take'a~tioY~`~d~`r'this~"p~ra~reph~i;~Lende~'does not h~ve'tt~~'`d~'~o. f , : y.p ' . ~ . 60~K~I~ aPACE ~ ~ a.w.z.w..w~+..~+~+.~.~w~Es:~ -.~.~.....-i.x:~-~~,..~ . f : ~~:.::r".1_... . .:.'i~:.~...:.. ~ . . .