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HomeMy WebLinkAbout0954 Uh~l`nlt~?1`Cn~l *r,~~•ls N~wt~uv~~~'r aii~i l.cntlc~cmii~i~an1 iitid a~~rr a~ fi~llut~ti ~ LL"~'~~, i ~ ~ ~F , p ~ . , . 13nrrtiH•r~ ~h'r ~r~iii~-.~II) (11~" N'ill•11 lii1C thr ~~n~i` I nf nnd int~`rc~ t t~~, ~a~~~~f ~+vi 1~'h~NCi b~?~mf~7~ite',~~~~j,~ ~~r~+rs. cl rn~~~ ti~dr'~i~ I~i`N~?~c ~i , y~ r~~ent ,~ncl I u , 2. ndsi~~`a~e~~i~1 h. "~uhj~~t~~l~iap~lic~bl~,+laH'~i;~l~i~'t~Y1~C[I~Ii'~t°at~°r+T'~~I:~'nder Iln~r~~N~c?rh;~lir~~ . ~~ne•tNel(1 y~ i1i~ h~"~te 1iil~'i~~~ 1, ,'~uin ("P~~iid~'~} 1~[r~il`k~ l~~dei~an~thi'd~y~'"'~'~Hly'~$+~»r~~1~ :1~~~'Ut~r" u~`ilci~" ih~ ~~'Ce. ui'i '~`t~t ovc~ l~hi~ St~Z't~'i'fi li?1ii`~ifnrnt:.',tt~)~)~i~tiTl~. h'~'if~"(~ ~~tl ~f~ci~and ~«cti~m~~tr-whi~h~~n~~ ~ autii lease~~i~`d~'(~a'~lil'~tt°'t~t g~t~i~i~c1~'~e~1t~~'ini~h~~"°f~~~~y. if ai1y; (r1~'C~ly 1~,~ .~''ii~fii~~~:~tice~{~rc~~~~: and°(tl)'')~~fil~. , ntortga~c~~nsurunce~~~S~~'~(i'fiic; ~f h~~~. ~'T'N~cc~~lcros~~i~~~°~~i~ll~(1~"escrh~••ifr~~s."` I:e~i'~ltt'Yii~fy rsti~i~t~ltfi~l~tc~~1Cf~'~~"1N~c ~ basis c? l~ta ;~i~~'~ea~fP~;1KIC Ct`tii~i~~tc~ ~I'~ c~r'row~ i~c~~~.. ~ 111c ~I~i~'i~~/k ~hiill h~'I~~li~'i~i~`~"~"t~f~ii~i~t7fi~h~`ti~i~s or ,fi~t~Ctit ic~i ~h°~f~'~ 1~1tii'11~i11S`F'~;li`1"t:t'fil~~) by, i f~ileral `~tr .tatc,i~,~ei~ci (ii~cl(~~ I:Citdcr J I:~~tih`~i~ ~1i~h~s~i~ int~l~ii"f1~l~~fTlt'~'eli~il aY"~~il~ Ihr I~u~i1~1°~i"~+~ thfic~tro~~ "it~ ~ ~ ~ • :rndc~'~~~•~ ma~ nat'Ck;~r~~~ST"~~°t~l~ii~i'~11'~t'~`Ihr~i'ft~Cis. anal~"~'i~i~''tl~c ai~t~~tiY~l'~"i'~'1fil'~'~°11ic c~c~h~~ it~f~».'tt~il~.~= ( n~,.° I.cfiilrr Rurm~rrl~'V~t~%s~"ifi~"'Ih°i~"I~iiiT;1"~1~41i~:1hle'1:1~~~ ~~it~°it~l"~'i~il~l~~ikc sitch'u~~hh'~~c.~i1{~ti3n~c`ask.~~iThy~l:cndtr in i~ ~~~r~ • ~ iit iiri~ k~ru' t ' ~ '~1`~IY~t?s~~'r?~h~~i~n~,~r~ttenr~.~~3c'~i~~~~'~,~4lli~~'~1~1 ~1f`tlfl'1ndC(1l`i1dCt~t'~t:lt fC cl~fiii~ ~Ch~irc runn~~lfi~~'ii'i~lfi~l~~1 - F~ ~.~it Im~tuntr~til~~tri~il'1'L~~tirr nia~•.i~rcl ~t~ ~i~i'~`1i'~°'[It:T1~~tr"r~i~`~li~~ll tx .hall nu1 Fx h'~li t~l'~11' : ~ ~ ~ • - paul ~ii'i1h~f~i~11~: Unlc~~:~i~~ri~`rcc~mCnf i."nShd~ ~r~~rpl~ch~lc I,~~~~Fi+iju`ir~~ inicrest i~'t~!°~fi:~(I; I`t~~ilrc~li~fll'F~fi`Fx~t~~~i~~(f°t~~ ~ • )~f" `~~~thi~`I~its°^I'.~~`'~J~Y'~1~11'girc C~'R(5ti"~t1''~r`,' ~~ithr`~i~it~~le~i't~v, an:uiil'~;~) artF~9tf~i~lYS°r~'~il th~ t'ti~`~hoC~i`ii~+`~'f~tit.~iftfl~tit~~'ilrti'+~lie 1~1TtY'iL~l`~In [,~~t~ f~?~ t~'It~l~ t~;V~li~~11ch3iif~~ilf~''1~'ii~~:~~~'~`t1c. ~Il~~ 1'1Ti~ti~ ar~ pk'~1~'ii .~s .~dditt~l s~ti~~~it~ far thc c~1i u~Ci`~41 ~ hr tir~tfi't~r In1''~i'1'~tC~Yf . il°~Fi~ie'~?1~~t5i~~`it'"~f~~t~~ F~i~~h~ld bp l°~ttder:'ti?gctti~~WiCI~'`~ ~he tlu~"'~i~'t'tes ~i~~h~e~e~~'~o0~"ii~s.'xh~il'~~xc~r~i`tlie amr?~fi~. '"~~h~ fut~ire~°~~iFilS~~:n~me~tt~t?I~f'`~14tifi ~iay~hle'"~i~~iiti m` ~ . . ~mw~ itrmti When~ciue: lhr A+i'c`etiti?~h:tiii be, ~ . ~~a'r 1 t , ~'13'+3 at E~d~'~~a~~ ~ li~t~enhe~ ~om tl ~t~ +i'~~i I3t~~'~i~'r~r°~`t~di~~~i`~ ' . ~ ~ ~ ~P , ~t._ ~ _ . ~[2~'li`~tlNcro'~'fiit'~SiNI~~`~Sa~ii~it~ol~F~ititi~l~~Nc r . r ` . _ ~ ' ~ ~ rn dur. lit~`i`~v?~er tiliall"~i;~~~"t~Yl:~n~ler°~r~y am~~unt (if ~hc f~1'~"td~'hrld b Lc~nder~~s ~~~~a~~t~'~1s afi~t~~ft1 h~ l:endc~. ~ amount n~cess~cr~1~°~al~i"~l"1"~"'[ht~"tlefici~iie ~ulli~ichi `i#~ p~?) th~ec~FoK 1ci'~° ~h . ' V ~ , U ii~(~3[ ti111 of3~l . ~ti~~il b~.~tht~'S~`ft}~~In~i~t~*~tt, l e~dht~MM~111~'+~~C1fi~fllf~r~fui5~l~t~i 13~°e?we~ - , . , . ' , . ' . . . t ` ~p~ a~ ~~41~9°~Nc~` 1 r~t~~~~r ~c ~ildac~r~~yui~'~ bj~l:t+itdrr, I:erider shall ap~ly~: h~l5ter an FGYi~ti~c~hel~b t`.C~ti~~.~ If y undcrM ~han imiiSediately~~n81r"t~°fli~°sai~`~tV~ht~l?~~ty or i1s a~t~~iiir111~t~'b) l:ei~tler.=d~~yf~~iid~t~el(1`by I:ender at th~`tPnie~f PP . S Sc't~"Pi~t b~~h~~ S~ti~'f~~'Intl'~`Ciiii~'t~t. - ~ a lira;3~ A` Ii'~ea~t~ib f a~ment~s.~" ~U~tless"'~'~~tili~lil~'lav?~~~'e~c'rde~`~t~ru~~irte. all pa~'mrt~lsirecei~~i'"by [~.rnder~u~idrr pP. ) r f ~ Note;~~ h~ I~~~i'2 sh~l~ tx~`5' li~°'flr~t; t~"I~te ~har estiu~'a~t~tlC~~lhea~dtr, r~`ctift`d, tt~+ rc ai~ i~iii~it c+h~?t es•clue un~ier" P f~, ara th~d~'tc1'~n~c~~iit~'"r~~~bl~lrr'p~~~~`~ti-2r f~h~t~'~?11~~C~f due;'a~lii l:i~f;l~'~fiC~ ~I'd(~e. ~he ~'4. (?Fi~~ges; I.icns. °fio~~tsu~rr't1i511~ay°atl'taxe~; assess~i~ent~.'rh~rges. firticti and~im~?titit~ns°a1l~iti~"I~ble~tr?`ihe ` Pro~i~~ u?'hicN~~s~y ayt~i~i~~tii`fi~ity~C)i°~~"lhis''S~h`r~ty. InstiU~w~t~tit. ^5~id''Iraschc~lii~'~:ts~mc~lts°'e?r grc~un~d~rents;°°if any. Barr`uw~`~~sh~ll~pay~Ihe~~''bblig5'li~ins iit~lh~'i~`~'~t~ir~~trr?~'y"tf~'if''r~~~ra~Y'~"~sh 2: or. if~~tlt~i~'iii'~'th~t~in~nn~r;°E3ciirou•e~`~hall pay them`b~'tfrin~"~ire~tly~tCfilh~='prr5rr~r~bv?~rif h~yntc~n~.' Bnt~'ow~~r sh:~ll"~f(5~~11S~fi~P~i~sh~li~~l:~ftder~~ill no~ices~~fa~tist~t77t~~s to be ~i~i~i `Ufi`"deY Ihir'r3~ag~a'(~h.#If~~f3~'~i`nN~cr m7krt'thesc nayn~hnls°~1ire~Uy.`I;A~ftf~~tr sh~ll'~tii'1f~'~?11~~ fi~~hisFi?~o Len'ci~r ~ recei~ts~rviil~~iting t1t`~ payit~ilts. Bciriow~r~shall pir"oinj~lly'dtsch:~rge:fti?- lirn c~~trich nas prit~Fi~~~nver=lhis Sc~~`rilj"Itt~(Yuri~rnt'~t Irss Bdrrok'Cr:"(5) agrees ~n v?~fiin~ t~`lh~~raymrfit ~ti('`ihr c~biig~iiz~n ~ec~~rrcl by~ lhe li~ri`in aynia~nner aecc~lfabiC~"tii' (:e?iJer; (b)`~ontesls in gc~i I~ faith°the~lien by:`of'defehds ag~insl-~nfc~~tccni~ii~'C1f~`ihc~lien~in:'Irgal rr"occedings v?hi~'h"~fi~"1hr' Leiiile'r'sgp~il"f1TCfh`~S}ieratc to ~ preve~ii the`e~lft5rceni~rit~htihe licn~~~r fc~~ft~l~re of anyap~~l `Cft"the 1'r'~~i~1y;"nr (r) tirciireti frtir~~~h~~kiilder~bf 1ht~lien an agreer~t~nt salitfactt~ryt~f`l'~~der ~[rti~td~ti.iC(~~g'`Ih~ l~eir tt~ihiti S~~c~~rity ln'st~t~r~tirnt::lf I:entfcr'd~t~~mi~~es`~that an)~ ji3rt °~f . the P~~~rty~il tiubjc~lt' ta~a licn~t+~hi~Fi"niay atlai~i~~~r~t~l~° c~i~cr ytiic'Srr~i~'~ty lii±~trumetlt. L~'ncicr'hia~~ ~i~.e°'li~~~oa'tr a notice ~de'~itify~In~ Ihe lien.°f36"tro~lrer'tih~ll t:~litif)° th~~lirn~~~tnkr nar ~r"m~rc i?f thracttC~ii~ si`~ fi~~ih atxic~'~ a~ilhln"`IO'~1~~ti I of thc giving'c~f'~it9ti~e. ` 5. r~laz8'~d~InSU~r~~1~c. ~I3c~i`~t?u~er thall'k~c~?`lI1C thl~lfll~~ptilCitti'f'ina' e~i`s°~~ng r~r hrrcafter rtcCted ~n~the'~'r"o~'Fly ~nsure~i ag~T~~~i tc~stby firci~ha~~~de inrlirdcti ~•ilhtti`'ih~ ~efin'`czt~~id~d cm~rra~c" an~ anyc~fhe~ ha~afds for u~hirh°I~ci~dcr reyuirc~ in~tYr~tirc. T~his ~nwr~nce'rti~ll"be main~a~n~Yd in°Ihe arriiiurit~°.+nd fnr"~~hr ~'ff~ids'th:~1»Lenaer~requires. 7'hc ~nsurahct e~i'rfpr'pro~~i"~f~ng"'the ~ntiurance"~tSaU be`ch~~sen°h~~~13C~!Y~~u•cr «'~h~r~t'~~i l:cn'ders aprr~~~al k~hich sh~ll nrn be unreasonably~u?ithhel~i. All intu~5n~e~ ~c?lir~rs an~lntCnew•als ~li~ll F~e acrrplahle t~~' Le~ider an~ 1hai1 ~nrl~i~'de a titalida'rd rt5~?rlgage'clause. Lender ~hall har~~the<right to°hC?!d''th~ ~u?lirie~ an't1'rcne~~alti ~ I(``Le~ii~ier~ rrqil~re.. 13c~Yr~~w~er ~hall j~rom~iily gi~'c ICi''Lrnder all,rtceipts of~paid "preminms an#d'r~new~al noiiceti.~ ln`"fhr e~•ent ~f la~tir t3orrow~cr ~hall g~~e rromp~°n6tlcc tn the insurahte rat'rier~ainif Lender. I:`endcr'may makci'~rf~(if~~lf~loti~ if nttl`fiiade rf~titrtrll~• b}~ HC?ir~u~Cr. ~'"Unless [.eniler ai~'i1`'136~rov?~~r c~ther~i~ise agrr~• in ~c~itrng, in~si~r~nr~ rr<~rrcis tih~ll t~c'~~plied tt~~re~s~oratinn or'repair of thp"Prb~ttty d~maged; ifalhe:re~IlSi`~trr?t?'Zirgfe~iJlr (t~'Crnt~~tir~ii~ll}. feasibte~~rr~tl~l:e't~ifer's se~uriiy ~s'not lessencKi.~1t`~`fhe resfor~tian~'t~r°'t~pair•i~not~eeon~mirally~ fea~ibtr nr'~L~nder's ururity a~o'~lif'be lecseneii,''the insurance ~rcfreeds sli~ll'bc ap~lied~ft~~the s~fins sec`urecl b~"thit Se~'tlfiiyrl~~ti~~fnent, K~h~tFi~t"or~n~t`~1hcrr~dUie,'u?~1th any`~~cess'~a~d t~"I3~titrov?er''.`If . f3or~ow•er`~ti~~iit3ns'~he~~~Rf~~~~y. or'dc~c~'n~t answer w~ilhin°:10`da~•1 ~°f~~ticc°fr~rtt'ML°ci~d~~tha~°Ihe in3t~f~nre r3'~ri~r has offeretl l~`~1~IC`a°zl~im; th~it L°cric~er ntap ~~II~CI'`th~'inttlr:in~~`"~~c3t~t~ils:~l'.rndCi'`it~:tyr`~s+~thr`~irts~ee~ic ~~`~i~~irr~~ restore the~ F'~`opttly or ~c~~~say sum~ s~aretif by~ihis S~~C1~ity~Inslrument, ~?~h~'ttf~r~r?r nnt~lhtn'~fur.'`i'hr 10=dap pericxi will'brgin w•henJ`the'n~ific~ is g~ven. `Unles~°' L•r~idrr~~ii~i &it~oa~cr otherw•~se agf'r~`in tti~rii~i~g.'~np ap{~I~~~~t~ci'n ~~f ~~rc?rccclsR't~`j~rincipal shall~~'ot~xt~hd or postpon'~th~iiu~"ti~tt't~fih'tr~to~thly°~S~~~Ii~iSt~refE~retf`I+C~''(~~para~t"~phs l and 2'orrhang~`Ih'caniiiunt'rif~h~pa~~m~n~s~lf und~f~'p~ta~t~~?h^~`9°ih'~'P~a~r~y~is ar§uirCti by~l.~ndtr, I3ctrrr?v?~er's~righ~°"ti~ ~~ny insuranct ~licics ~nii~hriyctedrresuh~ng frorri*d~tinage t~'"ih~ Pfitipe~ty~pnciYTMt~he a'rquisition shall ra~t~tr~Lei1"~iti~'t7Pthe extem"nfthe sums ucufc~'byalh~s Srcurit~• Inst~r~'1~fl[~tr~"mt~cir"~Ce~l~"~1~'Ihe ~~`~illf ~~p~~~~ty~-i.easeliolds. ' B~~~w°tr sh~ll~n'nt'~ie~i~rc?y: ~iartiage or subslan~i~ll~. 6.- Ffes~~v~tiofn ~nd ?~laintenance ~Ci~~'n. changt"ihe~`~i"t~~~`ty, allnw"'Ihc~ I~i`~i~stity~t~"~delt~i`At~te':~r~~nihiit wa~~e'.'i(`ihi~ Se~1~~it~.~tnsli°~Yf~itt~t•is•on a'leasehold, B6P~`t~tv~r shall'rt~~?ly wilh"°~li~ ~ov~`~ilifns~~f~h~ lease, anii `ifl~tSi~i"t~wer arquires frt~iitle ti~'tFi~`Pf~~'i`ly: IhE lea~chr~ld and fe~`liil~h~ll'f18t~i1tE~`gr ~tlltss Le~'der agrCrsl"rrth~"1~~°~gf"t°~~1 ~C'fi(~'ng. ~ i'rbte~tlon~'~1"I:et1d~'s"i~ights in the'f~~~i~t~;~ ~foitgage''Ins~iradce. tl` Iii~r'ri~u~rr f~ils=to.~r~tsr~n7tHe covc+nants an~i'agte~r?tents~t~`f5~ncdt~f~'tNi~'Secu'r~ty In~i`~~~eht:'n~''~herr ic a leg~lr~l`rt~~ti~ng`Ihat"m~~• s~gnificantl~ ~fltc~ ~ ~ Letid~''r's•rights"in"ihe P~'8~'~ty=(~`U~h~as a`°~1fck'teding in baltk"ff~tcy~~:~"~ti~~lb~fe.•frfr``c~fncien~n~t'~i~n*"I~r°tc?-enfcf°fee'laws c~r reguf~~i'tf'Wt)~iMLri~L•ende~~t"~I"~y~d~'and'payYot whate~~er itEnecessary tlri~~t~'~"~hr v~lu`e`isf~hr prbprrtyi'~~fd L°e~tder'~'righis in~tlit°f'~`S~fty.~Lr~sdt"r's acti~nrmayminrl~d~,`pa~qing any s~tms ~~red°by a lier~"~crhiCh Na~^"(~i`t~tt~fty~~~yer;thi~ Securit~• ! t~'iti'~rit:~ai'~Spe~rin~t ir~ cts~irt; p~yitng-reauft~~~ile att~ti`'t~is~'fecs ~nii'entenng t~ri~the''~'~~itTty. ~n make rr'pa~rs.-Allh"~t~h Lendet'°~ri~ j~ (akr actiti~' 111~iidt°~'1~iis~fyd~arg~~'~ih~7~{LErtd2t dcties n~1°haiv~'"1~tle so. An ~at?titii~r~ts~disbl~rsl~ b ,.`Sec~~l~In~~~'~i"E~t~Uiiltss'f3t~fi'~i~e~r anJLend~er~agrr~`t"gtr'rb h~Y"t~tn*"6C ~~5i~r5t tthes~ceam(ti~t~~c s~hall be~t~l~tt~ a by Ihis si frtlrfn `°tMt~~~fe'df distilifs~tlll~i~1 ~1 Ihc~N'~tt~t~te and shall be paya6le, with interr~~,.u~n hc~ftre°frf~wrl'"L•ender ~o finti~rv~~er - rCqueslin~"`payi~fer~t _ . o Rr ~~88 .~~~E ~~5k4 . . ~ ~ ~oo^ e y _ P - ~ . _ _ . . ~ _ _ +