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HomeMy WebLinkAbout0946 ~ \Il~~f(\1~~~>\t\\~1~ ~~i~Ilt~NC(;lll~l~c'11~~Cf~~~~C1~_1I11.tIlt~,~L'ICC.t\It~~~,:t~~ 1. 1'a}mcnt uf 1'rincipal und Intcrest; !'repa~mrnt and t.~te ('harKes. H~~rt~~~.•r .t~.~ll ~~r~~ri~ti~ih ti~.~~ Hh~;; ,iu~ thr ~~nn: ~~,.il ~,1 .u~~i ~n<<r~•,t un ~h~• ~irn~ r~ ~~Irn~r~i hy ~hr '\utc ~n~) :in} ~~rrj~,i~ inrnt au~1 ~:itc ~ h:~r f.. ~1;ir un~;rr ~hr 2. I~und~ fur'1'axc~ and Imurancc. ~uh~rrt t~,,~~~~~liiahle law ~~r tu:~ Hnttc•n ~~.~i~rr h~ l cn.lrr. 13~,rr~~~~ri ,h.~U ~~.i~ tu ( rn~lrr ~~n thr ~1.~~ n~unthl) ~~:?~mr~it~ :irr ~iur un~rr thr Nutr, unUl thr \utr i~ ~,:u~l ~n lull. .uin 1"f u~~~1~"~ ryu,~l t~~ ,~nr•tHrllih ,,f (a) ~r:ul) ~a~r~ ~u~~1 ati~rwnrnt~ Hhiih ma) att~in ~n~~ru) ~,~cr ttu~ 1r~unt~ In.trunt~•nt fh) ~r.til~ I~.~.rhul~l ~,.t~mrn?~ ;,r gruun~l rrnt. ~,n the Pru~~rrt). if at?}; (rl ~r.~rl~ har.~r~1 in,ur.~n:r ~,rrnuuni,. :uu1 (~I) ~r.~~l~ ~n~~rlt;a~,r in.uranrr ~~rr~nium~. ii an) fhr~r item~ ur~ rallr~ "rkruw itrm~ " l.rn~lrr n~:~~ r.uin.itc ~hr I un~t. ~iur un thr ha,i. ~,1 ~ urrcnt ~1ar.i ~in~l rr:s,~,iiahlr r,nni:itr. ~~f (uwrr r.rruw itrm, t hr I~un~l~ ~h:~11 tk hrl~ iai .~n ~ntihtul~un Ihr c1r~»it~ ~~r a«•uuot~ ~~t ~~h~~h :irr iii.urrti „r gu~r.~ntrr~l h~ t~•~lrrel ~~r ,?atr a~;rnc} (~,~~Iu~lu~K 1_en~lrr if~ l rn~lrr i, ~uch an in~t~tuUun) l.rnclrr ~haU a~E,i~ thr f un~1, t~~ ra~ thr r,:ru~~ itrni, Lr~i~lrr ma} n~~~ :har~;r I~,r h~,l~l~ng and a~pl}~ng thr FunJ~, analyung thr .irc~,unt „r ~rnl}•:ng thr r,rr~~w ~trm.. u~ilr., Lrn~lcr ~:i~~ R~~rruwrr ~ntrrr~t ~,n thr i=un~1~ and ap~licable I~w~ ~xrmit~ Lrn~rr tu makc ~u~h c~ ~•har~;~ Hi,rrut~rr an~l Lrn~lrr ma~ agrrr in W nunR ihat in~rrc~t ,I~all hr p.+id cm ihe Fundti. l'nlr~` an ~~;rrrrnrn~ i, m:~Jr ur ~~~~,li~ahlr ln~~ rrywrc, ~ntrrr~t tu tk r:ucl. Lrnder ,hali nc~~ hr rryutred t<~ ~a~ iic~rn~v?rr :~n} intrrr~t ~,r r:~rn~n~;. un thr f wici, Lrn~irr ~h:tll ~i~r t~, F3~,rr~wrr. H~th~,ut rhargr. ar. .innu~l arc~,unt~ng ~~f thr Fu?:.f.,h~,W ~ng ~rrclit. ai~~i ~rh~t~ t~, thr f~un~i, anci thr }~ur~»r ti~r N h~~h ea~l? dch~l ti~ lhz Fun~iti w.~~ maJr. I he f'un~l~ :~re pir~lgr~l :t~ a+.1cl~tt~~~~:il ~~iurtl} fe,r thr.unz,.rrurr~l h~ thn Sccun~~ In.trunirnt If thr amuunt ~,f thr f~uncf~ hrld h~ I.rnJrr. tc~grthrr with thr futurr munthl~ ~~~mrnt~ uf Fun~i, ra~ahlr ~riur i~~ thr:iur U:1Il'1 l1~ IfIC C1lfl1K item~. tihall rirreil thr am„unt reywrc~ci t~~ ~a~ tiir r~~ruw itrm; H!~rn dur, thr r~~~" ~h~ll hr. .it 13~~rn~Hrr'ti „~tum. ruhrr ~rum~Ih reraid tu li~~rn~wrr ~~r rrrcl~trd t~~ tiurn~wrr un m~~nthl~ ~a~rnrni~ ut FunJ~ If thr anu~unt ~~f thc Fun~l. hrl~i h~ I.rnJrr i, n~,t ,utti~i~•nt tu ra~ thr rxruu ~tet}i. v?hrn ci~r. 13~~rr,,wrr ~hall ra~ tu Lrn~irr .~n} i .tni+,un~ nr.•r,.:~r~ t„ makr ur thr. ~rfiricn~•r in ~~nr ~,r m~~re mentti a~ rryuirrcl h~ l.rn~irr l'~x.n ~.i~mrnt ~n (ull c~l all ~um~.crurr~l h~ thiti Sctiunty tnstrumrnt, l.rn~er.h:il1 ~n~m~tl} rriwui R<~rr~~Hrr an~ Fun~i, hri~f h~ Lrn~irr li un~lrr ~araKra~h ly the !'ruperty i~ wld cir aryutrr~l h~ I.cn~lrr. Len~lrr ~hali a~~~l}, n;, 1:~tcr i th:?n irnmr~liatrly rn~,r t~~ thr tiale ~~I thr F'm~rrt~ ~~r it. acy~itiiiwn h~ l.rnclrr. an~ f~un~1~ hrid h} 1~n.frr :~t thr t~mr ~~f ; .?~~l~~an~tn;i~;i~rctii~t again,t thr~um~,rcurr~ib} thi~~rcunt~ lnurument ~ 3. Application ot k'a~ments. l'nl~-~ti applicabie law ~nnidc~ c~therµi~r, all ~•~~rnrnt~ rrrr~~rd h~ Lrn~irr un~i~r ir~ ~r ~ h. i anJ 2`hal! he a lir~i: fir5t, te~ fatt ~har cy dur under thr tic~ir, ~rruri~l, t~~ rr a~ mrnt rhar c~ ~lur un:irr tt~r ' t~ F'P B P~ F' \utr: thir~l. t~~ :?m~~unt~ ~s~ahtr unclrr ~aragra~+h 2: f~~ur:h. Ic~ intrrc~t dur, and la~t. t~~ ~rinci~al cluc~ a 4. ('harKes; l.iens. I~~~rruwer ~ha11 pa~ all ta!~c~, s~tic.~mrnts, charg~~, tinr. and imEx»itlun~ attnhut~hl~ !~f thr 1'r~,~xrt~ Hhiih m:~} attain ~nc,nt~ c~~rr thn Sr~unty Inctrumrnt. ~nd lea~rhnld pa~rnrnt~ ~,r gn,un~i rrnt,. if an~ ~ : t3~~rr~~wrr ,hal1 ~~a} thr.r uhi~gancm, ~n thr n~xnnrr ~r~nidrd ~n paragrarh ~~r sf nut ~a~d in th.it m~nnrr. I~C~rr~~acr ~h:~il ~ ~~:t~ thrrn un timr Jirr~tlc tu the rrrtiun c~Wrd pa}rnrnt Rurmkrr tihsil ~n+m~tl~ furni:h t~~ l.rndrr all nunr~-~ ~~f ~rn~~unt, ~ t~~ hr ~,i~e1 uiidrr thiti ~~araKr:~~h It t~~~rruHer makc~ the~r ~a~ment~ ~lirrctly, f3urn~wrr tih:~ii ~re~m~tl~ furni.h tr l.r~i~irr ~ rr:ct(?t.r~tJrn~tngtltrj~a}tnCnt,. E (i~,rn~Hrr .ti.~ll ~n~m~tl~ di.~:harKr an~ fir~i wt?irh h~~ ~r~~~nt~ ~~~rr thi. Sr.•un~~ In.trumrnt unic.~ t~~~rr~~uer ' .~~rr~~ in unting t~~ the r~~n~ent ~,f thr «hl~gat~~,n.rrurc~ h~ the Itrn m~ man~;rr a~~r~tahlr t~~ l.en~lrr. ih?;c~r~tr,t. in ~~xx~ 'r ~ t:~ith thr !irn h~. ~~r elrfrn~l~:~ga~n~t rsifc~r~rment ~~f the Itrn tn. Irgal pr~k;erding~ whi~h ~r~ thr Lrn:frr'. ~,~~n~un ~~~rr:i;r t~, k ~~rr:rnt thr rnl~~rremrnt ~~f the lirn e~r f~~rCrtturr ~~f sn~ ~~rt ~~f the Prr.~rrt~: ~~r (r?.e~ur~ti fr~~rn thr hulJrr ~~f thr Lrn ~n ~ .~;;rcr~~irn; ti:in.fart~~r~ tc: Lrncirr ~utx,rdinating thr lier. t~~ tniti Scrunt}~ Intitrumrrit If LCI1l~Ci (jCltfRl111Cti III;II an} (~art ~,f E thr Pr~~rert~ i~ .~jh~r~t t~, a lirn wi~i~h ma~ ~tt:~in ~nunt} ~ner th~~ Se~unt~ in~trumrnt. LrnJrr rna~ gnr l~~,rr,~µr~ ~ ! unttrr i~lentif~in~ ~i~r lirn fi~~rt~~wrr tihall ~an~l~ the lirn ~~r ~al.r ~~nrur rr.a~re ~~1 thr arn~~i~„rt f~~rth :~h~~~r with~n i(~ ~i:t~. ' >>f the s~lt in~; ~,f nuU~c ~p S, Hazard Insurance. i3~~rr~~arr,hall krr~ thr irn~~n~~cr:irntti n~~w ru.ung ur !icrr.~itrr rrr~tr~1 ~+n ~h~ ;'n~~rrt~ ~ ~ ~n~uret~ a~amtit I~~ti~ h~ hrr, h:i~ar~l. inrlu~lyd within the trrm "r.~trndrd r~~~eragr" ane! an< <~1hrr hatarifti f~~r whi~h [.r::~itr r~•yuir~~ ir~,ur,inir ih~ti in~ur~rir ~hall hr_ rr~:tint~inrd in t}ir amuunt~ an~l f~~r tt~r ~rr~;Kfti that I.endrr rryuirr~ "Ihr ` in,ur.~n~e carnrr ~r~~~id~ng !he ~ct.ur~ttce ~hall hr ~h~~tirn h~ ~U!fl1KC( \U~1~~i1 It~ Lr~ie~rr'~ ;1(1~((i~1I ..h~rh ~h.~ll n+~t hr I ~ unr~.?,~,n:,hl~ wiihhrld ~ All isnurartir ~x,lirtcw ar?e~ rer.r~?alti ~hall ~e ~~ie{~+(~hIC t~~ Lrr~ler ~n.1 ,tiall inrlu~le ~tsn.~ar i m~~rt~.~gr :lau,r ' ~ i rn:i~r tih~ll ha~r ~hr n~.n! t~~ h~,ld thr Fx~l~r~e. an~1 rrnrw~l. If l.endrr reyuirr~, li~~rr~,wcr `hall ~rum~tl~ ?;~~e t~, I_en~er , ~ .~II rr~ri~t, ~~l ~~i~f ~rcmium. and renrw~l n~,n~~ti In thr r~rrt uf lu,.. f~~rr~,Hrr ,hali ~~~r ~rnm~t nnn~r t~~ thr imur.~n~r ,.~rr~rr :,ti~i 1~~~.irr Lrndrr ma~ m.ike ~reti~f ~~f luti~ ~f n~~l tna.ie ^rumptl~ h} B,~rn>Her l nlr.~ Lrnc}cr :ind fi<~rn~W er uthrrHtu :~~trre in w nUng. ~nturanre ~nkrr.i~ ~hall tx a~?E~hee: tr: rr~t„r.itu~?~ ~~r re~a~r ~ ~~f thr !'r+~~rt: clam.+grd, if thr rcyt~~r~ti~~n ~~r rr~+air rcc}n~~mi~all} frs~~hlr an~ l.rnder'~ uiunt~ n~~t Ir,~rnrd lf t!~r ~ rr.t~,r~n~m ~~r rr~~ir n n~~t r~~,nc,riu~sll~ fr3tiihic ~~r Lrndrr'ti u~unty W~,u1J hr Ic~unrcl. thr intiurar~e ~nkrr~f~ ,hall 'rk• ~ .+~{~Eir~1 tu thr wm~ .r~urr~i h} thi. Srrunt} In.trurnent, whrthrr ~~r tu~t then ~lur, uith an~ r.~:rt, ~aid t~~ I3~~rr~~Hrr tf ~ f3~~rr~~wer ahari~i~~n. thr Prt~~rt}, ~~r dck~ nut amwer w~th~n ~0 day~ .i n~~ti~r Cr,un 1 eu~;rr that thr ~n.uranrr ~arner h:i. ~ ~~tT~rr~1 t~~ .rttir ~l~~m, thrn t.c~n~ler ma~ ~~~Urrt thr ~n~uran~r ~r~xcrci~ [.rn~irr rn~~ u,r thr ~ r~krr:iti tr rr~.iu <<r r~-~t~~rr ; thr Pn~Fxr<< <~r t~~ ~a} ~um~ u~~~rrd h~ th~~ tie~unt} In.trurnrnt, whrihrr ~~r n~~t thrn clur Thr ?(1-~i:~~ ~rn~x1 wi!! hr~in t~ hrn Ihr n~~t~:r i, ~i~Cn . ~ ~ fllt`~ ~.CRI~CC an~1 }~t~rn+urr ~~Ihrrui.r _~grr~_ in Nfilill~'.:lfl~ d~~Il~:ili~~ll ~(i~:CCtI~ S~~ ('filtii~.i~ ti;7:3~~ f:i~l ~IIC'1~ ~ f- GV ~,t~~nr !hr ~}u; ~1str ~~f ti;e m~~ntttl~ ~a~ mrnt~ refertr.f t~~ in ~ar~~ra~h~ I:in.l ~,r ch~n~;r ihr .im~~unt ~~f thr ~a~ rnrn~~ It r iin;lrr ~.~r.i~:ra~h 14 thr }'n~~•rrt~ i~ :~ryw:ed h} Lrncirr. Rc>rr~~Nrr'. ri~ht t~~ an~ 3n~ur~n~c ~k~;i~i~-~ si:c1 ~r« rr;l. rr~ult;rt tr„m ~i:irn.i~~° tr thr Yr:~~xr:} ~nur t~~ the aryu~tiiii~~n .hell tc, i.rn~l~r t~,thr r~trnt ~~(thc .ur:, ~r.urrd h~ thi: S~;;ir~t~ lintrurnrn~ irnrnr~l~.~t~l~ ~nnr t~~ tite a~yu~.iu~~ti - . ~ b. 1'resrr?ation and lt~intenance of Nroperty; l.easeholds. Fi~~f(~~~C! ~IIJ~I :ll~l :ir.tn~~. Jsm.,cr ~~r.uh,t.,nn.ill~ ~ .hsr~tr thr Pr~,~crt~. ,t11„u thr 1'r~~~eet} S„ detcn~+rate ~,r i„mtn~t Wa,tr li tti~. tir~unt~ ln.srurnrnl i. ~~n a ir.~.rt:,~1,1. fi~~rr~~~.~r ,h.~ll .~.~r,;~l~ H~th tf~r ~r~,ti ~.~~,n~ rf (hr leatie..~ni! i! f3~,rn~wrr .,cyu~rr. fre~ n~l~ t~~ thr Pr~,Gk•r~~. !hr ic.~,r1;~~1e1 .,n:1 trr t~tlr ~?t.~ll n~~t rnrr~r i;irlc.. I rtulrr .~Krrrti t~, thr mtr~rr in w r~hn~: 7. Pr~~tection uf I.i~nder'ti RiKhts in ihe Propert~: ~tort~Ke Imurance. If li~~rr~~~rr f.:~i. t~~ ~x•rG~rm ;i;r ~~r:~ll.i(1h J11~3 .f:;fCClI1CI11~ i~'hl.fltl:'!~ 1(1 (fll~~:•~i:fll\ Ir~vrumrlll.l~f 1}:C~C!~3 ~C1.1~ ~'!(tic'.ljiflL 1}l.t} fti:l~ ~i~;t1111:di:1~\ :i~~c'~+ ~ Ciltii( ? fllfil~ lT: f~1C {~i~~~Cfl~ (\Ul'~l Sti :f ~fik'tC {!!t(t !fl ~13f1~.fU(1!l'~. ~ft~~1dIC. l~~f ~t'~tl~CTllfl.tllt'11 i`~ C:l~t~fiC ~Jt~~ ('_i_li~.ff~~`11~1. lflCll ~ CIIi~Cf fTld1 l~(~:fil~j ~lii~ f~~( ~i~'1dIC~C( I~ f1C~l'titiQf\ I~1 ~1[i~~Cil Ik!C ~:t~iiC+~} Iill }~f~~~4fI1 dfll~ ~.ttlljc'f 1 fl~fil~ ;(i lhC ~~~~~(~t(1~ ~-~tl~j~f \ di(li~!1\ tlld\ llli~U~C ~:l}Itl~; :i1i~ ~URI? ~C~tIfCiS h~ d ~!c'(1 Ritl:~l fl.l~ (~f1;~~7It t~~t~ [hl~ tC:ilt4!~ In,tr u~nrr~t. .i~~~~.~rinc in .~~urt. ~+a~in~ r~•:?~s~r~~hlr a;trrnrti~' frcti :inc1 tntrn~~? ,~n thr i'n+Fkrt~ tn n~,+~r rr~~si;. ~111h~~~:.h 1 cn~lrr r;i:~~ tn~,e .+~!i~~~~ ur~ler t!Fi, ; ~r.s~ra~,h I rn~ler ~1~x~ ~~~t ha~r t~, u~~ ~~n~ ,un:,urt,.fi.hur.r~i h~ 1 rn~lcr uncirr thn ~.ir.irr~~~h'.hal~ hr:~,rt~c aci.i;t:;~i~_:I ~trht ,,j fi:u:~~~;r .,:u€r~i h~ t;n. ~r~«nt~ In~tr~~~nrn; l nlr.. f~~~rr~~~~cr.u~.1 l rr~t;rr.~~rrrt~,~~thrrtrnn~nf ~.~•.n:rnt. t'ir.r.~~~e~.~;.nt.ti'ri,sil h~~.is i~Esrrr,t fr;~rn tlir ~1.itc• ~~f ~li,h;~r.e~ncnl :it thr \,~tc ~ :tr .~r~t ~li.~ll hr ~~e~.~hl~•, w~th ;~~trrc.t. ~n ,i~~n.r ;r:~;n 1 ~r.~;rr t,~ }~~~rr~»rr rr~~:~C.t!nF ~,.t\ttlcrii ~'~`K 593 ~~~~.E ~46 . ~ t-,~'.~."~~*'#~a ° L~- ~ L : .k _ _~.-ss :~~,r_~ ~~r x,. ~a _"f'_~