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HomeMy WebLinkAbout0978 y~ . . , . . ~ : . . S 0 ~I~b~t1N;G~~' ,~A~~'S: 8oi~roWer and`~i.ender covon+~~n4 and a ~ee as follows: _ ~ ~i ~ eY ~ o~rowe~' ~ 1~11 ~rbtn ' ~l ' ~ rinoi 1 and i fer~e~ `~re mori~ ~n Y.ate'`Ch r oe,~ ~ r l, Payment o „ . . when d4~h~~tp" . , * ~ P ~ ~ ~~Y ~ ~l`~f And~t~itea~ on° ~h~ "debt ev~~dBncec~b~h ~to arid ariq'~~~p~men~ +~~d lat~ ~hArgos due ~ un`~~' the'~~Vt~te. . . ~ - ~ 2~'i~,nde foi~~!'~iee~and Ihel~i~~~ce: SubJect ~t~`~~~t~d~l~~lav~'~i~t~ ~ C+~~{~ v~fv~'b~ ~l.end~r; S~rt~,w0r 'i sh~~l ~a~?'t~4e~der"o~? ~i~8,~la~ t~ibt~~hly~`t~iayment~i a~o ~"u~~deir'~~o ~fe~ until'~h~ ot~'~is ~id t~'I1~~1; a~,sum ("~'c~s;'~'eqt~a~~'ts~~i~~welnh~c~~(~)~?e~r~i t~ies ai~d asseaemont,~ ~vht~h~"t~ `~tt~in'"~ti~'t~;~'o~t'~thi~"S'ecu~if~? ~ ~ ~ . . . . Insl.n~`b1~t~`(~'~~ '~~'l~li~as~h~ld~~ ~~~l~l~~t~ b~",.graund V~er~t~ 'bd ttie F~''~[°t~~ ~3?t r~~j~re~ly ha~a~d irist~~ce s : ~p P p~emitlii~$~ ~arl~t"Cb~rt~age f~'~~'t~~t~?~"~~iit'~1'i's~ ~f art~?a *Y se ~tenn~:~ called esccow itetns:' L~endeir~ - ~ .>~ay . estimate ttie"~~i kds ~a'~i~*`the' bas~s oC c~~`reRt~d~ta e't1~d'reasbn 1~ e~t~matQS b'~°tCi~es~t~w ~t~ms. . - _ . _ ~ ~ Th~a'~d`s"~hall~ h~l~t~Aa~`' ~ t~t~ti~~~~de"~'°osit~"~"accot~iit~f vrrhi~h inst~~c~ b~ "~ranteeii'~~i~f~d~r~il ~ ~ ~ Len . . ~ ; "~all ap~pt~?~~Ti~` d$, ~ e~i~b~r ~ or state agency ~(in'~l~d~ri~ L~le~' ~`~der ie such an`in$tit~#~on). I.end~°t:s _ items. ~;endei~~na~t ~h~ i~~iiS~`holding at~~l' , n~t ~#d~~il~fizing t~e"ac~t~U~it'~~ } t e~'~Y"o~it~ms. • k unless -Lend " ~ i~~~'i'~vi?~~r tdte~re~t'~t~the s"`~rid a licable° , ~ ' : ~ , si q k ~ r$ ~ ~ Borrow~r ~nc~~'I.~''ide~ fitt~r agree i~i wHtfi~ ~~li~`i~t~re~t shafl be aid ~la h~ ~ Lender t~`"~nake such ~'~h~rge. : ` . ~ f p .~'~less anr~~roem~ is~ned~d'r applicable lav~~~~~~es iht~"ce~t t~'b~'~it~l';~Y:~`~~de~ ~hall`ifiot ~~~q~tr~~'~~~~w~n'~`f~~et~~t~1~8`~ ' the I~n`*ds$~.ender ahall ' ve'~~oti'owei~wi~h ~,t"~k~fge~ar~;annual:a~c~~iittn'~'"~f t~~;~d~~"shov~~"`n~redit$'~fid . . . _ debit~`t~~h~F~d~C t p~efdd~rrw~i ach'~c~itto g'~` F~1~`v~aa m~~de:Th~ u~ar~ 1~'d ed a~ ad~Et~l sec~i~iE~1` f~h'~~Gm~ sectire`d` by~.tlit~5ec~ty' lr?~tr~iri~~i~. ` ~!`'~eaniount~f~~'c~`~h~`~I`~,e~lde~t~"gethe`~wit ~~n?~t~pa~'rwc~nt~~~'~~ile a the'd'ue date's'`o~ht "~e'scY~i~t~`~~ shail escee~~`~r~ti~~n"~"`~tr~ii ~'~th~"es~"o~items wheti`c~ue'Q~'~'~t'h~ ~xcess'~h'~11 be;`a~``~i ~iver'~ti~ifi;6fthe~}S1~C'i~~'tl~p~id~Bo"~'iWe'~at`~~dit~~dt~8~~oweg~sn'"fi~Hthl~P`~e~t~`6~~i1tids. ; . . - _ If the amoynt t ~ d~`li~ b~'Lc'~tl. pi~'n~t ~t~f`i~i ~ w_ . . ti. , , . „w-. , . , Le~d°er~~`~ri~ ~in~I~~"~i"ie~essa t8°~`ake`U~ tlfie"def'~i~' ~ n~~~~h~`~~'~r~"~t~~in~when'due;B~we~~`~ha~l~pa~lt'~ ~ ~ , r~ ` ~ _ ~ e"~r-ln~re pa~tnents`as~te~' ~by~Lendec. ~ ~ , ~1~"~'~ieht u~ ~'~~1"bf eU sum~ se~~it~e''~~b t f~''~eci~ht~In~t~meht~ Len~ie~h~ll pl~b~tlg rei~b~nd t~ B~~ower ~ z * ~ an~? Fi~t1~1~'tielt~ b`~ Gcnder. If t~"`~ider~a~r~h~`~ h~ P~p~"rty~~A ~~il~d~8r a~i~cl by Lend~r, Lten4de~h'~il"~~t`~'o late~~h"~it"if~mec~i~t~l~j`~`~~p ti~t~he s~hl~~'t~~h~`~'~~t'~`'b~`~t~'~"~is?ti~~lij~Lend~r;en~'~i~`n~`tl~~i~l'~by Lende'~~~lie i! time :t~f'~~lt~~~ti~l~"as `~~~dit against tlie sum~ secu~~b~tht~se'L~it~` In~trur~tit. ~ _ + 3•`APPljc~tion`of Payments:''~~less"appli~abie"l~w~~v~`ties-~th~rvvis~•~aU `p~yml`~t~i~iv~"~b~';[.enci~~"~`d~r ~ , . . _ . paragraphs 1 and`2 shall b~.ap~ltt~d:~fif'~l;~t~"l~t~`~Karge~'du'~l`f'~i"dtr the N6te; secorld; `to pie~ym~it'~harges#du~1~iP~d~~ the N~t~"; "fki(rd~~tS'~i~d~i ts~pa~abiC~i`d~i~'ji~'~agraph `3; f6~ti~;y l~ifiiterest "due;''~t~d last,`to~ pPin~i~al ~d~i~ _ ~ 4: Charges; Liens: BB~b~ve~ §ha1C~~~y°~~i t~xes; assessments: ch~ges4 tines and~tmpo~ttityn~ atfrlb''~f~ble to . . , the Pr`op~rt~ w}i1~h"~nay'f~[t~it~ p!°t$~t3~`cf've'~1~"S~~t~t~ tn~t~e'nt; and leaseh~~ payments~brg~irid'~~nts~if any. . , , Borrower ~hell"~aj~LLh`~se'ob1i~A~ti~ns i~ti~ m~K~t~''presfiid~t~ ti~''~3~ragra~li o~f ~'~t pafd ~t~ih~t'~na'nner~~ B~t~ower . ; ' shall p~"th~ti~"b3~ tt1~1~8i~~~tlyTMtt'~li~erso~`bwed~ay~e'~t~~t~~bw~~ ~h~ll ~wim~t~`ft~(~li t~Lende~"~tl~ti~'e~ af amo~~ts~to` tie paid `u~de'i` thi~ p'~~agre'ph I~~=B~ovii~r mekes° these~payiri~~its di~eCtly~~B~wer shaU=~b~i~'tly ~ ~ furnish`~tb4Lende'r~r~ce~pt~~~e~r~d~~ctttg~tk~~'p~y~?~"~its. . ' . ' -~"t3eeb~i~'~ ~h~ll" _ . . f = . t ~ $~~tly*dis~h~g~ an5i'lt~`~ ~+~if~ti"~ha~sri~~tq*Ove~th~s $ec~itj~Itt~t~m~n°~t iii'~1cs~~~tSrr~i~vei~(~) ~ , agree's ih ~iti~i~'t~``th~~met~f~f the~oblightt~lrt'~~~~i b~'`fhe If~in"~r~me~t~~c"e`~f~ble td'I.'"~'i'~ti~M~°(t~)~~ite~ts in , ~ goo fa3tli ~he li~~~b ' ;~"~f~[e~ds ' ' ~ ` ag~inst enf~~c~~ie~fit''df ~K~ II~n in~legal ~ce~ltngs i~iiif~lih~he~'L~~~?der'~`~t~ltin ~ ~ - ~ - • , - _ - oper~t$~f$ ~te`~~i~~th'~~itf~c~~'s~i~~i[~7ii~h~`ti~'~i`o~[o~feitu~~fgriy~p~t'dt~h~~~~~Yty;2y~"(~)se~ii~e~f~6~h~h~l~ii~i°~f . ~v . the lien a~ ~~e~merit s~Zi~fe~t~i~'f~i`L''~de~ s~t~b~din~ti~"fh~ ll~~'t~'°~h~~ S~~It~"In~tii'i1~e~1t: If L~nde`~``d~f~~ti~tines - that°~i~~p~ttx~f'~Ii~~R~'c~~~i~Cy is slibj~~'t~~'li~ei~ which :rriay att~i~"'~iPie~~itj?'ove~tt~i~'~Se~t~i~itylr~~t~edt; L~~nde"~'`i~ay give~~ocve~'`~`"i'~d~tice'~rld~tit(fj~iitg'ih~ lien'Bc~~'ovver`sli~ll~s~tisfy~he lien ai~'~k~`6it~`~rY~tS~i~'~!"f~k~~a~ttl~ns sc~'tb~rth abdµd~ within'~~0'aays of~~k~ gi~rit~g~°~f i~btlce. - - . 5. ~ Hazerd ~Irisura~i~e:~B~S~row~er shaii' keep'the im~i~avem~nts r~ow ezistin~` oT` h'~reaR'~r~~~~'ecte'd'~on~the ' Prop~~i~ihsu~d ag~in~f ltis~bq fii~~; k~zard~~irsctud~"ti withi~i'~h`1~'f~l~ "e'kf~tltle~l'~oveYage" and ati~~'tN~'~ liaz~d~ [b~ - wh~ch-G~lii"tl~1~`Y~t'1tIFe~`i~sut~A~fice. r['hi~ ins~~n~e'~h~i~l ti~`~n~j~t~ine~l^li~"~h~'~mounts ~in"d'fb~i'~h~ p~ribils`'~hQA~GendeT requutes ~1'he'~in~~`flce~c~ri~iei~"~i~i?idin~~'~he iiisUrari~~~shell'b~'chosen liy~$o~wet subj~~t~`tfipL'etid~r's~8p~~val which shall not~be urireasonably ~t~Sh`~~`d ~ . ' r . ~ . . . _ , ~ ~ ~ 6Af1'i~s~~~~~e poli~ies'~d I~iiewels shalt be acc+~i~~1~~f~L`~tl~i and`~ha11 iri~ldd~ ~$tandAi~d ~t~~rtgage clause. : . , . . . Lendei shslTliav~*'tii~'~~Ight~td~h`$~~'"~7i~'~`Olf+~ies ~~d~~e~vals: ~~Lend~~'~equires;~$~3~wer''shall'~"f~'9~1~tly~~ive~to , ~ ~ Lender ell we~~i~t~~~f~psid'~i~ett~iurhs'~rid~r~ewal notices: Ii1"~tlie'event'6~51ess; ~~owet stia~l giv~~t~rii~ft ~tfi~e'~o the insurai'ice"earcier and°Lena~~;`G~~dei~'rtriay make pr~f tsf'loss if ~1dtim~d~~~iY~i~tly by`~~i~tovii`~~r. - ~ 'ilf~l~ss~Lend~~ aniih~l'fi~'~~er~th~rwiseTegr~~? fft-v~i[i~tg;~i~i~~r~~'~e~~t~oceed~ shall b~~°~li~~~t°~+~estdY~tion"(~r " je'paU ~df~`the~'t~~~~f~"i~~t~teged; it~~kL~~'e~t~r~iibn"6~~repair is econarY~ically~ feasible and~L~~etr'~ secutity is ~at . c ~ p , , . ; essened.~ I~`°`~h~esEoret'r~n 'or re '~ir is~ nAt"~`~1~1`~iYtieally'~fea~i~sl~~ `~i~d~L~~ti~i''~ s~~tTTwify~rtwd~~h~~'~ less~~`d; tfie , . . £E ~ . y ' _ f : . , ~ ins~r~'ri~~''~t~~ceeds sha(( b~'~~i+~'~ ~~h~ s~i~ts~secur~ b~tliis~5e~t~li~~t; whetk~~""d~ fi~t~ttie~tlue'swi~h any'excess'~i~td`tb~B6Y~ovV'~It~~wel~ ali~a~s{tk~'~'~~i'~ty;w~`tlne~`r$1~nsweir withiri ~3$'~da~s a'ndticeif~b~ L~~ide`~"~~l~~t*itie iri~ra~~ ~~~i~~"kas °off~red`t~°set~l~~~a~l~im; ~h'~"~Le~dei~ rn~ay~~oll~~t~~~~~~"~?d~e~ds. , I : f~ ` ~ ' - ' - ' . L'~'ti~`tr,a~ s~ ~h~1r~~eed~"t~e"p~it`d~'reg~~r~l~?~'~ty~~~~? er~y sums secur~'~ b~hl~°rySec~~It~ Iri~t~t'~i~~1t, wli~}ier°d~~t*tk~~`due. fihe'~`0=~dey"~~'~t~ wiq~be~li~ whe~h~`~i'dtl~~`le gi~en. . ' Unless Le~de rT`~"~~ g~o~t~r~~ ~Ft+~r~vige'ng~e~'i~ v~i~t~"g„~r?y'~j~p1i~'etlo~f~~eed~"~~H~t~i~i~i ~hall'~t~df`~tt~i~d ~ ~ ~te-~,~ ~ _ df~~h~ ~'tkl~~~itit~~fits~r~f~1~'~d'~7~`i~i`~i~r`a~rA`~Hs'` i end '2 ar`char~ge'tke'~eti~b"if~t~~*d~l~~i~e p~'~eYlts~If unde~'~ ara~ ~a h;1~~'i~" ~t i~`~~t~~I by~'Lend~'r, 8i~t~tbwelr's right"~t~~~iriy in~~`r~i~c~tfties and ~ p ,G~'~' ~ ~ `:~t~ee~~'res~l~tt~~`ft~'d~'ri~eg~ tt~~h~`~i~~t!y~'i2~t#1"th~e"a~qui~tfi~`~?~h~ill'pss~C~~Lendel~'t~"tk~~'t~?t:t~~~h~'~~ii3~s ~ y~ ~ ~ set~re'd°b ` ihis SecitMt ~n~~~5it~ il`~1'nedi~t~1 ~`tb~tkk~~~~~ISitttfii. ` - , . „ , , _ 6: w~'res~t'v~tt~tt an`d~1~i~i~tenance'o~° .rd`pe~rt~~~I:ease6olds:`~c~tr~o~ier shaliktf~t~'de~tr`~y~~"d~~nage~~~r I sub~tantiAllychettge~~''1i~R['t~`p~ty~el(a~~'~Pf~i'~~'t~"d~"f~i~Sr~t~l'l~~f~~+'aste:tfttii~5~`~fi~Tr1t~9'i~ti~t~h?ti's~~i ~ ! a leaseh~~1t~~~~1~~owe~Nh#~Il ~GCtt~lq ~vi`tF~'th~ ~'v~i~ib~'~'~f ~h~'l~ase; ~nd ~~i'6~e'~"a~ti~~~fe~'tttle'i~~~P~~ty, ~ ~ 'the~ leaseh~ird`°,~~d'fee~litl~'shaU nbt-"~~~ge"~~~Iesg~L~i~`~`agiee$`td°the ~~ti~rger i~ wtiting. _ ' ~~I~ ~~i~"$~e~ti~"~i°t~tL`ender'~~i~~t~`t~H'~`~'~~11+~~tgag~~"Y~i~it~i'~1~~: ~~t~w~`f~ilsrt~~f~`the . „ $ , - ~c~~iiar~E~ ~tl~a~e~nerit~~i~b~nteinetl i1~t~Is S~tftqltieti~i~e~~t;b'~'fK~~~ ia'@~legel'~~~eed~t?~*'fh,~'it~?'sigiiiCcanily affe~t" L~d~''~igtit~ Pifi"tk~%~'~~~lty (s~iic~t as e~f"oceeding i~"bank~u~oyi p'~b~C~'; i"A'~ c~t~tl~~'t~~Et$~`b~''tb=~~ifd'I'~''e laws o~`regulations),~ then~Lender'ma~t"ds'~t~tl pa~i`fd~' wh~t~~~7r'i~ neressar~t~tect`~1f~atu~f`~i~~'~'~L~`t~+ a~id ~ Lend~ir's'itights it1`th~~Pi~~ty: L'~'hd~''r's a~`ti6'tii9ti~a`~iHCit~i~p~iing'~ny~~~`s~ctlr~d'!fq'~'fi~ih ~vhlcit ha~ ~~i6Mty ov~~°~hi~ S~~i~ltyrCn~t~iei~tt,~Ap~e~ringi#f~~d'tT~t; ~~'~?ir~easonable atte'~e~d~f~es ~~i`tl''eY~f''~~`d~tli~`P~`~'ftq"~a j ~ make~repeirs:~Al~F~f't~F~ Le'n'de~ m~ay`talr~ a~tl~ii~'~`d~"'~"thi$`~e~aagreph ~7i~Lende't~`tl~~ i~6t~have`tb"~la°ao. . _ _ . , ~ i , . _ - BOOi~ ~06~~PACE ~g`~~ ~ _ - - _ . ~ . _