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HomeMy WebLinkAbout0950 (\If ~~K~1 1\\\ I\ ~~1~(It~NC? :lIY~~ ~ Ct1~~~f l~~~CI1.U11 ;ftl~~!lilCl' 1~ It~'~~~Nti ~~d1ltll'f1I uf !'~incipal and Intcrc~t; {'repe~mcnl und [atc ('hxrK~ti. ~3~~If~~Nt'f ?~I.~~~ 1~(c~lltt~i)\ (>.i\ ~~}ii~~i ,::.t' th.- ~~i in: i~,.~l uC.~n~i intrrr,t un thr itrbt r~ ~~lrricrcl hy thr tiuir ;uul ~?i~ ~~rr~~almrnt .int1 la~r ~?t.~~:;r, ~lur u~i.lcr th~ \~~t; E~und~ tor'1'axctiand lmurancc. Suh~r~t t~~ aE,E~Iic_thlr lau ~~r tu a Nnttcn ti~.u~rr t,~ I cn~l~r. fi~~rr~,"~~ .f,.~l1 I~~ Lr~uirr ~~n thr ~la} n~~~nthl) P:i)n~rut~ :frr ~lur un~icr Ihr `utr, unUl the 1~otc ~ti ~~au1 ~n tull, a.t~n~ 1"I uii~1,") r:~ual ~ ui~c-~HCitth ,~t Ic?1 ~:•arl~ ~a~r. an~l a~,r~,inrnt~ Htu~h nia~ attain {~n~~rity ~~~rr thn ti..unt~ In~trun~rni thi ~c.~rl~ Ir.t,rhul~l F~:~~~nrnt~ ~~r ~;ruuuit rrnt~ ~~n Ihr Pni~xrt~, it an~. (rl ~r.irl~ h~i:ircl tn~uranrc ~,rr~rtitini~ :~rt~) tic.~rlti in~,rt?~.i~;r in.ur.in,r prrn~~um~. if an~. I hc.r ~trm. arc rxllrcl "r~rr~~u itrnn " I.cnilrr rn.i~ r,nina~r thr f unclti itui ~,;i ihr ha,i, ~,t i urrrnt ~1st:e .u«1 rr.nu~~ahlr r~tirnalr~ tuturr r,~ ruH urm~ 1 hr Fut~.l.,ha11 t~r h~~1~1 ~n :~n ~mututum Ihr ~1r~x~ti~t~ ur a~cuuiit~ ui wli~ih ;srr in~usr~i ~~r ~ u:i~antrr~l h~ a tr.lrr,ii ~~r .tatr a~;rn~~ I~n~lu~l~n~; I rn~frr if LrnJrr ~u~h an ~n~titutuml l.rn~lrr ~hall :~p~,l} thr t ui:~i. t~, `a~ thc c,.r~~~~ itcin~ I~n~rr m.~~ rn,t rhar~;c t~,r h~,ld~ng and arrlting thr FunJ.. anaiynng thr arri,unt „r ~rrif~~n~ thr ~.~•r~,ti~ ~;rrn.. unlrti, 1 rnJrr {,a~, liurr~~Hrr uitrrr.t i,n thr f~uncJti ancl ap~hrablr la~ ~xrmil~ Lrn~Jrr ~u ~~ialr ,urh :i ~har~;r 13~~rn,Hrr .~n.i 1 rn~lrr rnay .+~;rrr ~n ur~hn~; that i.itrrrtit ,r~:,u n~ „n thr Fun~1ti. l'nlcy. an a~;rrrmrnt iti n~:u1r :~r a~~l~~ahlr I;~w rryuirrti intrrr~! t~~ hr ~aid, ! rn~rr .hxll n~~t tx rrywreef t~~ ~~y 13~~rn~wer an~ intrrr,~ ~~r rarning. un the }~un~1~ l.rn~lrr .h:iil ~;i~r t~~ 1i~~rruHrr, Nith~~ut rharKr, an _~nnual a~.c~unung uf thr I~un~l,.huwinE ~rr:l~t..~n~i ~trhit~ tu thr I~un~i~ a~ul tt~r ~ur~r~~r f~~r w hi.•h ca~t~ ilrM~ tu th~ I~ut?J~ ~a. ma~lr I hr FunJ~ :?<<r~«ix«i a, a~1~iili~m.i1 ,r~ unty fur tfir ,un~, ,rcurr~l h~ th~.tir:unt~ Imtrum~nt If thr:~rn~,artt ~~t tt~r t~~1n~1. hrlJ h~ l.rricicr. tukr~hrr ~ith thr future rncmthl} Pa~m~nt. ~,t t~un~f~ ~,a~ahir (~n~~r t:~ thr .i~~ ,iatcti ~,f t~~ r.~n,H ~tcm~. tihctll r.ti~•r~~1 the anu~unt rryuirrcf ti~ pa~ thr r.~n,w ~trm. Hhrn dur, thr r~rc„ ~hall hr. at fi~,rn~~~rr'. u4,u~,n, r~thrr ~n,m~ti~ rr~aui t~~ I3Uff~tKCf ~,r crcYi~trd tu f3~~rn~~~rr ~,n munthl~ ~aymrnt~ ~~I f~uncl~ if thr .tin~nu~t :~f ~hr f ucr.l. hrW h~ i.rn~irr nc~t tiutTicirnt tu ra~ the c~cmw itrm~ wfirn dur. 13~,rruNrr ,h.~ll E~a~ ~r I r~~~1rr .~n~ ~ .~~nuunt nr~r,.an tu mai~r u~ the ~i~ti.irnr~ in ~,ne e~r m~~re ~ay mrntti a. reyu~red hy Lrn.irr. l'Ex~n ~~;~~rnrnt ~n ful! <~f all .um,.r~urrJ h~ thj. Sr~ur~t~ Imtrumrnt, t.~~~~« ~t~;,i~ r<<~~~rs~~ r~lur~~1 t~~ liurn~ucr :in~ I~un~~ hr1~7 h~ l.rn~lrr. tt~ undrr ~+sragrarh ly thr 1'n,rrrty tiuld ~,r acywrrd h~ 1_rn~irr. l.rn~irr .h:,ll ~~~1~, nn I~tcr than immr~fiatrl~ ~n~~r t~, the .air uf the Yruprrt~ ur ~h aryw,it~un b} Lcnder. an~ Fwu15 hrl~ h~ Lrn~irr ~t thr timr ~~f a{~(~lir~u~~?i :s, a~ rrJit ag:~in,t thr tium, ~rrurr~i h} thi, Srcunt~ [mtrumrm ~ 3. .~pplication of Payments. l'nic~~ ap~iicabic taw ~ro~~drti athrrw~u, a!! ~a}mrnt~ rr~ri~r~i h~ 1 r?i~lrr uTt~ir; ;:.tr<<ira}~h. t ancl .hst! hr.cpplied: tir~t. t~~ latrrhnrg~~ ~ur w~cier tht ,'ti~~te: k~und. t~, prcra~mrnt .:h:~r~r, ~i~ir uncirr thr \~~ir: thirJ, ~~}arn~~uui~ ~a}ahlr undrr paragra~h 2; fc~urth, u>>ntrrc~t cfue: and i3~r. to ~nn~~p31 due 4. C'harRes; lacns. I3l~fft~K'Cf tiFlall ~a~ all taxrs, s~srtititnrnts, chargr~, tin~~ and ?m~~.iti~m.:ittnbutahlr ti~ ti~r 1'ru~rrt~ uhi~h ~;ia} att~in ~~rn~nt} ~s~cr th~, Sc~unty Intitrumrnt, and Ieatirh~~Id ~a~mrntti ~~r gn~uncl rrntti. ~t an} li,~rn~urr .h.?II ~:i~ thr~r ~,hl~~,auum ~n thr mannrr ~•n~~i~ted ~n {~aragr~+ph cir if ric~i ~aid ~n that in~nnrr. I3~>rr~~wrr ~h.~li S~:t~ thrm u;~ nmr.i~rc-~~tl~ t~+ thr ~rrti~~n ~,Nrd paynir~~i t3urmwrr.hal! prum~tly furn~,h t~, l.rn~irr ~il n~,ucc-~ ~,f arnuunt~ t~1 tx• ~~.iiJ un~irr thi. p:sragta~h lf F3~~rr~i~er makc~ thc~r ra~mrntti dire~t~~, f3~~rru~rr ,hsil rr~~rn~tl~ furn~.h tn l.rn~irr rc~r~~~t, r~iil~ntu~k the pa}mrnt~ fie~rr~~~~rr ~h~l! ~n~m~tl~ di.~h:~rge sn~ I~en Khi~h hati ~r:unt~• ~~~er th~~ Sriunt~ Intitrumrnt unich~ titsrrc~Krr la) .t~rrr. i~i w nt+ng t~~ Ihr p:+:~iirnt cif thr nhli~;stum ~rcurcd M the iirn in a manncr ~cc~~t~hlr t<~ ( rn~]rr. !~1 iunlc-~t~ ~n ~;~x~;! ; !.u~h thr licn h~. ,~r JrfrnJs againtit rnfc~rcrmrnt c~f~thr Itrn ~rt, k~~l pr~ktrd~ng~ wn~~h ~r. thr l.rn~ier'~ ~~~,~niun uPrratr t~~ j G~rr~rnt thr rrt~~r~rntent u! thr )irn ~~r l~~rfriturr ~~t an1 ~art ~~f the Pro~xrty; ~~r ) u~urr~ frunt ttir h~~ldrr i~f thr licn an ~ .~grrrmrnt .at~~Cact~ir} tn l rnder ,utx~rdin~t:r~g thr I~en tu th~ti Sriunt} In~trumrnt. 1( l~rrider drtrr~i~n~~~ that any ~art e,f ~ thr Nr~,~r~~ i. ~uh~rtt tn a lirn whi~h ms~ aua~n rnc~nt~ „~rr th~~ Secunt~~ tmtrurtirnt. Lrnder ma~ gne I3~}rre~wrr .i nt~ti~r :.Irc;lit~ m~ thr I~rn fi~,rr~~wrr ~hall ~h~l~ !hr Itrr: nr tai.r ~,nc ~~r murr ~~f the a~ u~~n~ tirt fc~rth ~tx,+c w~thin ;O ds" ~,(thr ~:~ti~ng ~~f n~,ti.r 5. Hazard Insurance, t~~rr~furr,hali kr~•~ ihe ~nz~r~~~rrnrnt` n~~w c~i~t~nu ~+r hrrraftrr rrr~tril rn thr Yr~~~~rt~ :i~~urr~i :,,,,,n,c i,~„ h~ nre. h:~rar~i~ ~n~iudrd w ~ch~n ~he ~rrm ~~r~~r~,~rci cu~rra~r" a?~~i sm ~~thrr ha~ar~1. t~~~ hi~h Lcndrr ~ ~ rryuitr, in~~ranrr [hi~ imur.~ncr tihall be mainta~nrd in thr ~nu~uni~ an~f fc~r Ihr ~rn~~..1~ that Lrnclrr rryui;t~ 1 hr ~ isi~ursn:r ~arnrr ~r~,~icfing the ~i~.uran~r tihall tir :hu~rn F~ f3~~rruwrr ~uhJrct ~_rnJrr'~ :~~~r~~ti~l wt~~~h ~h:?I! r.~,t ix• unrra.,~~i.lhlt w~thii.l~1 ~ A1~ ~rt.uran.r ~~I~~ic-. ~r1~1 renrwsl~ ~hall hr ,a.~e~tahlr te~ I.encirr :?n~1 ~hsli ~nilue~r a~tan~ar.1 m~,rtgage ~l.iu~r ` ! rn~irr.h~ll ha~e thr nght t~~ h~~ld thr ~x~li~ir.:~nd rrntwal~ (f I rn~fer rryu~rc~. B~~rn~wrr ,h:iil ~~n~rn~tl~ ~i~e te~ Lcn.irr .sil rrtri~~. nl ~aici ~rrmwrnti ~nd renr~~l nuhicti In thr r~eru ~~t l~r~, I~~rmKer ~hali gi~r ~r~~m~~t n+,~ti~r tu th~ iit~uran~r ,,~rnrr an<i 1 cncirr Lrii~frr m3~ mai;c ~nx~f l~n~ ~f n~~t rrac7e prumrtly h~ Hc~rruwcr. l'nlr,. I ~n~ier a~i~f Ei<~rr„wrr ~,thera~.e agrer ~n ~~nt~nK.:n~urance ~r<x•erd~ sha11 hr :~~~I1rd t~~ rc~t~~rati~,n ~~r r~~e~r ~~t thr Nr~+~•rrt} ~i~ma~:rJ. ~f ~nr rc-~t~~rat«~r: ~~r rrpu~r i~ c~~>?~rnncall~ (r:fsihlC :fnd Lendrf~~ ~riurtt~ i. n~n I~„rnr~7 IC thr r~~t~~r.itu~r~ ~~r rrt~air n:~t ~~.~u~„m~~all} fr.?~ihie ~,r I.cn.lrr', ,e~uni} u~~uld he lr,unrd. the intiurancr ~rckrre3~ ,ha11 hr a~~~lir~l ti~ thr .uni~ ,r~urr~f M thiti Se~unh Intitru~ncnt. whrther ~~r nt+? then duc, with an} r.t~c~~ ~aid tu B~~tr~~wC~ If ti~•rr~~wrr ah,~n~l~~n~ ihe Pr~~~rt}, ur d~?e~ n~~t sntiwcr v?ithin 3(1 ~fayti a n~~h~e fr~~m L~n~ier ihat thr imuran~r ~arr~rr hs. +~t~rrrci t~~,rttle~ a~Isi~~i, thrn l.cndrr rna~ c~fl(ctit the ~n~~rance ~r~k•rrd~ t.rncl:r ma~ u.r thr ~r<k~re~1~ tu re~air ur rr~t+~rr the Pr~~~rrt~ :,r t~~ {~a~ ~urn~ tir_i~r~ci h~ thi. Se~urttt In,trun~erit. wFrther nr n~~t thrn dur (hr ?O-~la~ ~rn~~:1 will M•~;in t~ tir•I1 (tli' (tt~liit YItCII , l~nlr.ti I en~lrr an:~ li~~rr~~wcr ~~thrrv~i,r agrrr ~n urtt~n~.::n~ .s~(~lt:at;i~n uf `rik:rz~~7~ ~nn~i~al ~hali nut r~tri~~1 ~~r ;~~.t~~nr thr cfur J.itr ~~f thr rn~mthi~ ~~a~?tirnt, rrfrrrrd t+~ ~n ~er,~~raph~ 1~nd ~ c~r ch~ri~r the arn~~unt ~~f thr mrnt~ 1t ~:~s~trr r~r.~kr.i~~h I`~ ttir Pr~~j~crt~ iti,~~ywrr~i h} I.ctider, F~ir~~+~+er'ti nuht t~j an~ in,ur:iri~r ~~l~~~c~.~nc1 ~+r~krrcl~ rr.u!~in~ tr~~m ci.?rn,lgr t.~ =hr Pn~~rrt~ ~r~rr tn the :sryu~ti~hun ,h;ill ~a~. t<~ 1.rn~7rr tr~ ,hr c~trnt ~~f the,um~ .e~.,rcJ h~ ttfi~ ~c.unt~ tr«trurnrr~t ~rnrrrr~l~,etrl~ ~rrur t~> Ihr aiyui~iunn 6. Nreservation and ~taintenance of Pn~perty; I,easeholds. E3~~rru~rr .hail n~~t .ir.tr~~~ .~iani.s.r ~~r ,uh.t,,ritr,~11~ _t~.,n~r thr 1'n~~crt~. ,~li~~w thr Pr~~~r~t~ t~~ cleten~~ratr c,r ~c,tnmit wa.tr if thi. tie~unt~ In.truer,r;it i. un a;cJ.rtu,;d. ti~~r,~~kr.' ~tiail .t~r~~~l~ KIIFI Iilt' ~f~ti11\li~fi~ ut the ir:~~r. and ~f Fi.,rr~~v.rr a~yu~rr, Ccr tttir tc~ thr Pn~Gxrt~. thr lr;c.rht~;~1 .~ri.f frr i;tlr.hall n;~~ rnrrkr unir.~ Lrn~ler aKrrc~ ci~ th:. m~r~;rr ~n knt!r,K 1'rotcctian of l.ender's Riuhts in the Yropertr: ~1+~rtks~Re Imurrnce. !t 13~~rr~»r, f.~~i~ c,~ ~rf~,rm t~ir ~~~+inant~,ifli).f~fc~c'f1lClli~:~~r.I.~inrtl in ik~~.Sriunt~ in~trument.~,r fhcrrt~a':c:;al ~~r~wccc:nt~ ~k~.i~ rn.i~ .;;;'i:t;~.t:tii~ .~ffc•:t ~ C?I~C! ?(!Ff~f~ fft lfli' F~fi+~tfl~ (~U~}1 .f ri~>iCClj!{l~ I11 }~;lfl~(U~l~:~. ~iU~ld(C. 1~~[ it~itiiYf1111dIl~~tl ~~f Ii~ Ctiti~f:t id:~~ rr~„i.~ti~~r,i. ti~rr~ I rr~:rr Tn::~ ~~~.:n~1 ~s~ f~~r whatr:~r ~ti ~irr~ti~.~n t~~ ~r~~trct thr ~:+Iur ~~f tit~ Pr;~~crts ari~1 [ rn~i:r', r,cht. :ri thr f'r:,~ti•rt~ ( r~i~trr~~ .+.u~~:i. ma~ snciuclc (~:s~in~t ari} •urm ~r~urrd h~ :i l~cn Hh~~h }~a, ~r~~~nt~ ~~~rr ~h~. ~rcunt~ I;:.trurr.rnr. .~~.E.i•.?r~c~i :o ~,~urt. ;~:~~i:t~: rr.?u~r;.ihlr.itt.~rne«' tecw an~! rnienn~ ~~n lhr P;e~~r!1~ t;, tnai.e rr~.nr. -'1i±ii~~u~!; !<•,~:i;•r r~~.~~ ~.~f~r n~~n ~iri:lt•r tht. r.~r.~nr:~rh Lrn~r: ~l~~c, n~,t ha~ r t~, .\7;\ ,~!'t~~~.atlt~ ,fi.hurti~,1 h~ ~ tfiijCf UIIi~tI I~li> ~dl.ll;fd(~f1 ' ti~l:f~~ hC:~~fi1C :t~j:jll~~~ltdl ~1C~1 ~~i ~~+~ff~~~Lt'~ ~CiU~+'~~ h~ :~11~ ~:'~;i(~i~ ~'.1~ff!If;:Ctll ~ l1~C:~ E~t+(R`l1t( :ffl~ ~ Ct1t~Cf .l~;~CC i~~ ~~thrf lirr.» ~~1 ~8~fllt'lil. 'f~C~C dfil~+Ufl:ti ~tiJ~~ hC.l~ itlfc'ii~i ((i~(It ~~1C i~.llc' ~~f ~~i~F?:1!`lIl1C(1. .IZ <<1C `~~li' I.1~C .1f:~~ i~l:i~l hl' ~,I~d~t'C. Wlttl F(l~l'(l'~~, tiF1t'fi 1:t~l:~i' t!~~;T1 ~ c'f7i~Cl ~;~`rr,~arr rr.{u~,~n:, ~~,«r~rnt f',. R ' ~ r 593 50 . - x- - _ y = _.w . .y_~ - ~ ~ ~