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HomeMy WebLinkAbout0961 ~~~II+~H\11~~~~1 ~S\1\ ~inl~t~,NrC.fnt~ 1 rn~~rf ~~~~rna~It:~nl~:lt~ICC.1~1+~~1~~»~ I. 1'uyment ut 1'rincipal and Intcrc~t; f'rrpa~mcnt and f.~tc ('harkcs. fi,~~n,~.cr .h.~l! ;u~~ni~~tl~ ~~t„~; ,1~.~~ thr ~~rin. i~,.~l ut .~n~i ~ntrrr~l un Ihr ~Icht c~ ~~1rn~r~1 h~ Ihr \~~Ir ai~c1 an~ ~~rc~~.~~ r~~rsi~ ;in~t I:~~r . har.r, ;ti~r ii~,~lc~ ~h~ I~undti fur l~a~e~ and Imuranee. ~uh~r~t t~~aE,~~li~ahle IaH ur tua ~nitrn ~~:u~rr 1,~ I cnJr?. li~~rr~~~~rr,li.~l~ t,~ I rla~lrt ~~n thr ~l:?~ n~~,nth!} (~a~nirnti :~rr ~1ur tinilrr thr 1utc. tuit~) thr tiutr i, ~,:uJ ~n ft~il. ,ttin ~"1 unc1,"? ryu.i! t~~ ~,nr-t~~rllih ~~i Ia1 ~r.irl~ ta~r~ aril a~;r.~mrr~t~ ~~hich rnu} alt:~~n ~n~~rit1 u~rr thi~ 1c•~unt~ In.~ru~uri~t. Ihl ~r.~rl~ I Ir.~,rh~,W 4~.~)n~rnt~ ~~r ~;r~,un~l rr?tl~ ~m thr I'r~~~~rrt), if an~. Irl ~r:~rl~ ha~ari) ~n~uran~r ~~rrnuurn~ and It11 ~t.~rl~ i in~~rl~;agr :n.ur,uirc ~~rcnuun~,, ~1 :in) l h~~r ~trn?~ arr ~ aiir~l "r.rruw urni~ " l rn~lrr ni;~) r,1~~na~r th~ f u~~~1: ~tur t~n ~hr h.i,~. ~,1 : urrrnt .1:~ta :?ncl rra,~~nahlr r.t~matr. c~l futurr r~~r~~w ~trm~ I hr I~un~l. ~h:ill hc hrl~l ~n :in ~n~Utuuun thr dr~x~~it~ ur :iir~~unt~ uf ~?hi, h:~rr ~i~,urr.l ur ~u:~r.uitcr~i In ti~.iri.~l ~~r ,~.~tr a~;r+~i~ I~nrlu~lii~~; Lcn~lrr ~f l.en~lrr i, ,urh an ~n~t~tuh~~n) l.rnJrr ~hall :~~~i. ihr t un~1~ t~, ~,a~ thr r,:ruH itcny. I rn~1~r m:l~ ~i~,t ~f~ar~;r ti~r hul~lu?g and ap~~l~ing thr I~und~, snal~iing l1~r :~cr~~unt ur ~rn(~~nk tl~r r,rr~,w iirrn.. unl~,~ I rn.lrr ~~a~~ liurn,~~rr intrrr.i un thr t'un~h and appli~ablr i~w prrmit~ LrnJrr t~, ni.~~.r .uch a rhar~;r l~~rru~~rr an~i l rn~lrr ma~ :~~;rrr in ~nt~nE tt~at intrrr,t tihall hr pa~d ~~n 1he Fun~l, l'i~ir„ an a~;rrrmrnt i, r~i~~1r ~~r ar~l~~.~hlr I,,w r~ywrc~ ~ntrrc~t tu tk ~,:~~~1. Lrn~lrr ~h:~ll n:~t tx rryuirc~l tu ~a} t3~~rrc,uer an~ intrrc~t ~~r rarni~i~:. ~m thr t ur~~i~ l.rnclrr .liall ~;nr t„ liurr~~wrr. w t~huul rhar~;r. an a~inu:~l ac<<,wiling uf Ihr [~ui:~i~ ~h~~~~inh rrc~l~h anJ ~irhit~ t~, thc 1 un~i, :~:i~l thr E,urFx~~r f„r w hinc ~a: h~lrhu tu ?hr I un~~~ t~.~, ma~1r 7~hr }•und~ :~rr ~~IrJgr~1 a~ a~l~litu~n:~l ~c~ unt~ fur thr ~urn„r~ urrJ h~ ihitiSr~unt~ In~trumrnt - - I( thr :~nu,unt ~~f the F=~~n~i. hrid h~ Lrn.lrr, tc,grthrr with thr luturr ?nunthl~ ~a~rnrnt. c~f I~un~i, ~a}~hlc ~n~~r t~~ thr ilue ~:ttr, i,f Ihr r,ir~~w ilrrtt~. ~hal) et~erd the am~~unt reywrrd tt~ thr rticn~w ~trrtt. uhrn Jur. thr e~.r., ~hsil hr. .?t ti~,rruwrr'. „~uun. ri~hrr ~n,m~tl~ rr~~id t~~ t3~,rruwrr ~~r ~rrd~t~d t~, 13urn,~rr ~~n m~~nthl~ ~a~mr?it~ uf f•uird~ II thr ,+nu,unt ~~1 ~hr f un~1. hcl~l h} I.rn~lrr n~~t ~uNir~rnt ic> ~3} thr run~w urmti whrn duc. I3~~rruHrr.h~11 ~a~ t~~ Lrn~irr :~n~ , .~niuunt nr~r..:+r~ tt~ makr u~ thr clrti~ irn~ y in ~mr ur murr rntntc ati rrqu~rrd h} Lrn~irr ' l'~x,n ~~a~mrnt in fuil ~,f al! ~um. ~r~urr~1 hy ihi~ Sr~unt~ imtrumr~it. Ixnclrr ~hall ~run~r~l~ r~~lur,d t3urn,wrr :~n~ i un~1. hrl~i h~ LrnJrr (f un~ir~ ~araKra~h thc i'r~~prrty iti.~~ld ~~r :,cywrrd M LrnJrr. Lrndrr ~h~ll a~pi~, n~~ latcr ~h:~n immr~li.~trl} {~n„r t~~ thr ,alc ~~f thr 1'ru~rrt~ ur ~t~ a~y?utiitiun h~ Lrndrr, :~ti~ I~uti.1. hrld h~ I.rn:lrr at ~hr nmr ,~~,~,I~~:lIIUf1:l1:~~rr~luaKain,tthr.um,.r~ure~ih~ th~,Sr~uru~ lmtrum~nt 3. ~ppiication of Pa}ments. l~nic~~ a~~Grahlr I~w ~m~i~ir, uthrrw~.r, all r~~ment~ r~•rrnrd h} I rn.irr un~irr E~:~ra~;ra~1i. 1 an~1 2,hall hr ap~lir~i tirtit. I~tr rhargcw ~iur un~irr Ihr ti~ur: tier~m~i. t~~ prr,na~ mrnt ~ har:r. ~1ur un.icr thr ti~~te, thir;l, t~~ am~~unt~ ~a~ahir unelrr ~~ragraph fi>urth, t~~ ~nterest dur; and la.t, t~~ F~nnr~~:al ~iur t'harKes; I.iens. t3~~rn~wer .h~ll ~a~ aU tatrti, a~sr,timrnt~, rhargc~, hnr. and im~~.~n~~n~ attrihutahlr thc 1'r~~~rrt} ~~h~ch rna~ :ilt~in ~nunt~ u~rr thi~ Srr~nt~~ Imtrument. and Ir~schuld p:i~mrnt. ~~r gr~~un<1 rcnt~. if an~ ' H~,rr.~Her .h.iU thr,r ~,hl~Eauim~ in thr rn:+nnrr ~r~~~idrd in par,:gr~ph 2. i~r ~f n;~t ~at~i in that rnannrr. 13~~rrc,wrr ,h.~il thrm ;,n tirnr ~lirr~~{~ tu thc prrtiun ~~urd ~a~mrnt Bc~rr<,Nrr ~k~311 ~r~~m~~l~ feirni~h t~, Lrndrr aU nut~.~~~ ~,f attuwnt, ' t~, !k• ~,.ii~1 un~ltr thi, ~.~ra~,r.~~?h I( f3urrc,wrr ~~~t~kc-~ thc~r ~z:i~ mrnt~ ~~rcY•tl~. ii~~rr~~Hrr tihall ~n,m~tlt ~uri:~tih ti, Lrnclrr ~ rr~rtE~hr~iJ<nrinEthr~a~tnrnt~ ~p R~,rruwrr ,liall ~r,,m~tl~ di.~har~;r any I~rn ~inrh h~ti ~n~~nt~ u~rr thi. Srcunt} In,trumrnt unlr,. [3~,rr:,urr I:~i i .t.iCC'ti lIl NIIf1I1~' li~ thr ~,~~mrnt nt thr «bi~gaUun ~r~urrcl h~ thr lirn in a tnannrr acce~tahic t~, Lrn~lrr. Ih) ~,~~~tr.tti in ?;~kki ~ t.~~th thr lic~n h~.,,r.lrlrn.l~ a~:~ui,t rnfc~rcrmrni n! tnr lirn ~n, Irgal rrckrrcling. whtrh in thr Lrn~lrr',,~~in:rn ~~~cratr tn ; G~~~r~rr:t thr rr:t~~r~rnirnt thr lirn ~~r f~,rfr~turr ~~f ~n~ ~art ~if the Prt~~rrt~; ~u 1~? tie~ure~ fr~~m thr h~~l:lri ut th; licr~ :~n ~ t,;rrrrr~r»t .,:ti,fa,t~~r~ t~~ { rn~frr tiutx~rdinaung thr lien t~~ tti~.5r~untt Imtrumrnt 11 t.rrz.irr s~rtrrminr, that sn~ ~ert ~~f f thr 1'r~~~rri} n wh~e~t t~~ lirn whirh ma} attain ~n~~rit~ ~~~rr ~h~~ Sr~unt~ In~trunirnt. Lrn~lcr ma~ ~~~r f3~~rr~wrr ;i ~ ~i~~t~~r ~elrnt~l}~~ig tt~r l~r:i }i~;rr~,wrr,h:~ll ~:?U.f~ the lien ~~r tal~r unr ~,r m~~rr ~~f thr :t~ti~~n. ut ti~rth :~tk~~r w~thin IO J.~~, i ~,t thc ~;~~tnt ~~t nut;~c S. }iar.ard Intiurance. t~urn~urr ,hall krr~ thr im~r~,~rmrnt~ n~~w r~nttin~ ~~r hrrraftrr rrc•~tr:i ~,ri thr 1'r~,~rrt~ ~ ~ in.urr~f :~~;.~i~i~t 1~~~~ h~ tire. h~~er~i. inci~,.i«i w~~n~~~ ~n~ Irrtn "cilrn~lyd r~~~rr,~~r.. .in~ a~i~ ~~~hrr h:~tar~S~ 1~}r whi~h Lrn~:rr ~ rryuire. ui.uranrr ftu~ ~~i~uran~r .hall he m~int~mcd in the ~m~,unh anel frr shr ~rn~Kl~ :1»t [_rndrr reyu~rc~ !hr ~ ~~~.uran:r ~nrrsrr ~t~,~i~1in~ thr nzwran:r ~fi~ll he ~h~,x•n h+. B/lrftlKCS tiuh~rc~ t~~ 1 rn.irr', :arPr<~~sl uh~~1i ~h:~~l nut hr € unrea~~~n~hl~ x~thhrl~i ~ - ~ All in~ur~n~c ~x~~iticw :~n~1 rrnrwal~ ~h,ill hr arir~tshle tu I rrulrr an.1 ,tiall ~nr!u~tr a~tsnci~rd rn~,rtca~~ ~l.~utir i I r~~.irr .ha{I ~a~r tl:e rs~;ht t<~ h~,1~1 thr ~~Ili!C~ S!1lJ fC11CR.1~? If lxn~lrr reywrrti. fi~~: r~~wcr ~}i.~ll ~ru?n~ti} ~~~r t~~ l cn:lrr ~ ~ .i~! rrrri~t~ r! } std rtrm~wnti ~nJ rrnrwsl nnttcc•~ In thr etient uf ici~~. I~C~rruwrr ~hel! ~i~r ~n~m~t n~~h~r e~~ thr in:u~an~r F ..irnrr an.f Lendrr I.rnJrt ma} rnakr ~r~H~f ~~I 1~~.~ if n~it maiir ~r~~m~tl~ h~ Burr~,Hrr t t~ir.~ I c;r~~rr a~~~1 id~,rn,wrr ~,thcn~ix aKrcr in ur~nnK. In~~~fsnie ~fit~~ccd>>hall hc ~E,~i~r.1 t~~ rr,t~~rani~n ~~r rrP.~ir ~ ~,f thr Yru~xrt` ~i.im.~~~d. ?f thr r~titurat~„n ~,r rr~air ~ti r~~~n~~m~c~lly fra~ihir anJ LrT~Jrr'. ucunt~ i~ nut Ir.tirnr~l li ttfr ~ rr,t~~r.?h~m ~,r rrra~r i, n~,t rc~~n~~rrur~ll~ tr:~~ihir ~,r I rnJrr'ti tiriunt} wc~uld hr Ic~~rnrcl, ihc in.urancr ~rckcr.l. ,t~al! hr ' ~ .~G~{~lsrci thr .wn, ,r;urr~i h~ thiti ~r~c:nt~ IlitiIfU1T1CI:L KI1C:hrr t~r nc~t thrn Jur, w+th an~ r~Lr~. ~:uci t~~ li~~rruwrr lf ~ ~ ft:~rn~wrr ah,in~f~,n, thc 1'r~,~rrt}. ur ~f,4-~ n„t amwrr wnh~n ?U ~fa~ti a n~,ucr fr;~m L~ncirr that thr in,ur~n.-r ~:~rnrr ha~ ~ ;,tlrrr~l t~~ ~cttlr a:I,urii. thrn I_r~2e:rr rna~ ~~,Ilr~t the ~n,uran~r ~r~~rr~i. Lrn~i~r rn~~ u.e thr ~+r~kr«1, t~~ rr~air ~,r re.t~~re ~ :hr Pr~~rcrty „r tr t;:i~ wm~ .r~urr~ ht thi~ Se~unt: ln,trumrnt. whcthrr ~~r n~~i thrn ciur I ht ~f~-c1:+~ ~tn~w w~ll h~i!ti ~ N~:CII I~1C IIUU:r ti~~rn i r !'nlr:• I rn~lrr ar~~1 f3c~rr~~wrr „therwiuu :iFrce in wnnng..~n~ a~~l~~:i[I~~r! t1T (~ft*~Cl'~~ t~, ~r.~~~i~~al .}~ali n~~t e~trrt~l ~,r ; E jkt~;~+:,ne Ihr:lur ~S.?te <<f Ihe rnunt}t!~ (~:?yrnrr,t. rrfrrrrd t~~ ~r, ~ar:sgre~h~ 1:in~l nr ~'har~~ t~e tim~~u!it ~r; the ra)t~icni~ 11 ; un,irr ~sr~~r.~~h I`~ thr F'r~~~~cr:~ i~ e.y:sirr~3 h~ Lendcr. F3~~rr~,Nrr'ti n~:ht tc, an~ in.t~ran:r ~+~I~:ic-~ :snd ~r+krt~l. rc,uiiin~ , ~ ir~;rn ~_1.~n~.~~;r t;, tht~ F's~,~trt~ rnur i~, thr aiywtiiU~~n .hsll ~?a.~ ti+ [ rn~lcr t~~ thr r~t~nt tt;c.um~ u~urr~i h< <h~. ~r~u~ ~t~ {~~,criuncnt irnnir~i,.~tr~~ ~n~,r t~~ thr a~uunit~~,n ~ b. Prc~erration and ~faintenanre of Yropert~; [.easeholds. f~nrn~wrr .h:~ll ~i~~c ,i~~.e?,~~. ,i.x~,~.3,:< ,ut„t.,;~ti,ili~ ~ .?~.~~~~r thr {'r,~E~rnti. .~Ilc~u the i'r~~~?rrt~ t~~ de~eri:,r,itr ~,r ~ununit wa~tr If t}u~ Se~unh {n.tru~nrnt i. ,~r~ ir.~.rt:,~l~~. ~ - f;=~rr~,xe: ~h.ill :,,~n~i~ usih ~hc ~r,~.~,i{~i,.,~f ~hr lr.~tie, enJ if Il~~rt~!~rr a~yuur. tre utlr t~~ thr {'ru~•rt~. the lre.rh„!~l a~~e1 ; ?"C 1SS~: ~~l,ii~ ,t~~l f:iC(~C Ufl~"_~~ ~ Ci1JCf .S~'fCt'~ Il~ !}ll fltl'f~'l'f iti N f?11(lt; 7. f'rutecti~~n ~?f Lender'S (tiKhtS in the !'ropert~; ~tortKaKe lnsurance. It }~~~rr~.~Hrr ;.,~l. r~~ ~crt~~r~n thr ~ .~~~Cn.till~ .t!:t1 .eLSC~_I11C1:1ti i~`il(.tl(li~ IIS fhl~ til~t1(Il~ ~f1~ifUillf111, ~~f if1C'~i' 1~ :1 !C~.i~ (~R?iCi.~liti if14! E:l.f\ ?S f'tillidflf~~ d~~C:{ ~ c!:cji.' ~!Ikflh If? !fli E~f:r~~Cfl: (iU~}1 :ii 3~f~A~CClj1(7t; 1fl h;ifl~.(U~?I,'~, rR'h.ifC. ~stf ~;i~l~~l'Rl,'11II~r11 t~f ~(11~~fiC ~.lK? :c•~ui.~t~;~;»r, rhrn 1~n~lrt n~:~~ ~1~~:1fStI (~d~ ~~~r wh:?Ir~cr nri~~;dn t~, ~rutr~t thr ~~l.ir ~,f thr F'r~,~ert~ an~3 Lrs~J~.•r~. rttl~t~ ;n t}~r Pr~;j~•rt: I cn,trr'~ .~.ti„n. ni:~~ iri~lu~le ~+s~~nY an} ~urr~~ ~r~ureei h: lirn ~'tii~h ha. ~r~~+nt< <,~~r ttii. Sr..ir:t~ . lfl~i~,l~ll~'lll. .t~~j~t'd(Ift~ lll :c`Ufi. ~d~lt?E ft.t~ull,frl~l' ~filt~(I;C~a JTl(1 CfllCflftl ~`fl (}lt' ~~fi~~Cfl~ Is~ fll:f~C (Crd!(? r~~ifl~+U~f? E rn~lt•t tn.~~ l.~~c• .t~, lt~ ~t~ ~l~i.tc~ +~:i~ ~~er.i~!re~,h l~n~1e~ i1~tic-~ n~~t h:f~c l~~ clu ~i+ - 1n~ .u~~:~i:~it.:fi.h,~r.rc1 h~ 1 rr.,ler u~iElrr th~, ~.~r,i~ra~h '~ha!! hc~~,m~ a~1~1ir,~~;fe! ~frht ,,f I;,,~r,~~+er .ciurr~l h~ th~~ tiCt Ufl1\ ~!li(iUfilCtl( ~ fili~~ F~~`(!~~N:'f .lll~f ~ Ct.ijCf .liifl't' ~`~}ll`( ~Cf111~ ~~.1~ f11C(1(, ~f1~tC di11~~U(?~~ tif1.ill hC.l( itllCfC~l }f~+ITI ! i 1}1C ~jJiC c~~ ~~!ti~1i1(~C'f!C•I( JI if1C ~,:(i f.1:C ditij ?tt.f~~ ht' `.Sti.1hIC. wilfl IEt(CfC~1. U~,~II Ll:`ii~i' ~f~`tTl (.C'f7l~C( I~~ {i~~ff~~UC( j fC~~!!:'~!I!;~' t~4\ 1`ll'[1l ~ R~~~K 5~ i~,~ ~ , - _ .t ~ r? - : : ~ ~ ; ~ ~ s.a;-- ~ ~a~