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HomeMy WebLinkAbout0988 `.C: r'Nl)IE(~-T TlfE `~E(.URITY i~f TIUS 1.1LlRT(iA(~E HO~~'r2C1~'1ER Ai~{~E 11 COfISt/UC110(1 Of Improvemeuts. Io ~~~J~I,~;'•elt! ~!1 O.;~>(~ i1f~~~ Kufkn;.~~-~i~:.~• i:.f~~~'~r' d'f ~ ..~~~J.• ~l~~. ` ~ ti~- ti t,~u n ~,r .•~,1, r r~•-.,~.~ ~:J tnrrrto wh ch ni;ly be t,e~yun Gn ti.x:t ~~rot~erty or r<;nfr.n~~;idtrsd Uy Ihe I~~.~n ,r~. urertl e,p~:y !c; ~,.~y ~I~c~r, ,7..~• .~,I ~;,1, .~n~j ~i~' ••ti n. ~nrcd tht~icrfUr. ~ni1 r.o! !O Pt~~an~t any ~n~u t,an~c ~,!~en ,~ya~n~l Su::h t~ruprrty r,.y .~r~y 5!:,p ni:!:~i• e;~.~~r~51 .~ny i~,,:~r~ ~rt:i~.e~•c1s E3c,u~.r..., ~y~~rr5, :.r~~t?;,r~y in ih~s ht;.~rt.l.iyr tv It~e ~:~~ntre~y nut~vrthstan~)~ny ~-fi So ;,r. -r~~;;!y ;.uninivr.c_E~ w~;rk ~~nd !o ~.u~~~~,~r.?r: ;r~~• ;~r ,(,v~~ ~1 ~~i~~r~,:cnirnl~ ~~•v~nplly. Ibl t0 COrnGi!et~~ ~an~e in dcCi~rdenCc~ w!th pltin~ ~ini1 ti~,r~ ~t~~_at~~n5 ds ep;.~:;:ei: t~y Lei ~ler i,.~ ~U ifI:UK Lfrn~l+•~ tu r~~~•c•ct such ~,oc~eny ~il ~il lin;c•s dunny ~:;,nstriict~un {tl~ tU!e{~la~~ ;fny wori~, or n~.~,t.r,:~is uns~it~~la:.tory tu Le:nder. rv~;!~,r'~ftc~en 1 5~ ~_~.i,•, ,~ft~rr wntten nOt~i_t~ fru~n Lcrnde~ oT s:!ch t1tcl, whitl~ n~,t+; e n~~~y t~e iai:~n !U 8c:<<i;wr.r t~y ! ~~ht~eU cir ~ry~s!r~rd ri~;i. ;,:,nt !O t,i5 I~S1 kn~,.•.r~ .s~)cfrt~s~ or [~y p~rsor!~I ~t~i~~•rry of thr s.i;ne andlel to prrfu~~n a11 olr~rr ot,l~•~ahi.ns u! E3.,rrr;wc•r urii~er ,~ny t~~i;i~7~n~:) iv;~r? ,~,~irc+mr.nt te~;~in~y ~uCh prOPPrty !?i Repeir end MeintenanCe o} Property. To tiei•~~ sur.h properly ~n yp~~~ ~_ord~t ;~n ar~1 rc~pd,r. n~; ti~ s~_;:,stanl~~,;y ailer ren~~,e ,:en~:~.ish eny bu~id~r~y5 thcrrron, to rer5:or~ prpm~tiy 3ni1 ~n:~:~od ~tiUrkrn~~ilik~ m~nn<~~ any tiuii~:~r~yS ~tuc h r~dy t~e .lt~r?:ay~~ p! de~t!G/%'7 '_~u:1~r.g damaycirom tcrmitc5 anii ~arth n~nvement. to p.+y w^c:n ;fue ~til ~!~~nis }or !at,.~~r performeU [ar':~1 ^iate~~a~~ lurn~s~r~d ,n :.r;n l,un w~ii~ Such property and r,ot to i>ermit :fny rnechan:c'S i~en ,iy~a~nSi ~u~.h piu~;ertq to c~~mpiy ,r,~!R ti~i kiti ~1~'f•rt:r~') SuC~ u~C,:etly ;u~riny ~?ny ,ilti~r:itiur~S o~ m~pr~~v~m~rntti !o be ~tiade thrrc~un. r~01 SO ~umn;il Or Ue•~n;! h~»;i~ !!:~rr..~,+, not 1<~ ..:~i~~•,:~t. `>u'~r~r ,~r ~:rrn,~' y t up.~n St:;:ri p~Op~rfy in viOl~itiOn O~ i~i.Y t0 ~.ul~iv<llE~. utiyatP f~~~Iil~te. tunti~~,~te and piunr• :i!~~:'i~ ~f~; t~th~;~ :ic.i~ ;hat ~ri,rr~ fhe :!<<3!E~: ~•.r Of such p!~~p~~riy mdy bE teLiSUrid!,iy nc~[.~~s5~iry to keP(i SU~h n16PE~rty ir~ !F;er Sac~r ~.i,n::~i,~~r: i!~•., ;~+;~t,:er .re<~~ ~i~~u ;~a~ r~r.e~~t~•c, V~~~ it,~te of thiS ~.1orty.~ye ~31 Fire and Casualty Inaurance. To (~~.~.;i1e t~nc1 rn:f~~~!d~n ~n fUrCe <)t 3I1 hmpS hr~• :~nd t,;l~,E~! ty;;~•~ C' ;nS~.:r;,i~: e~ :.~!h rP~UPC! 1.-, c,.:. ;,r;,~,.•rty as m~iy be iequired hy Lender E lch ~~o~•i:y G1 such ~n5,iranc ~'~ali i,e ~n arnc~unt. ~u~ rs t>~•.• ::rr~ f~,r,. n^c! c Untc~~! and t,y ~s..r r. ~ i~~~;;+r~~rs ~S may ut sat~stac,tory ti~ L~~ncJf~r. H,~th loss ~~aydt;~e to Lrnder ancf shai! ~r. dei~~rrred to. eritl ~ernam n~;;~s~~_»~un ot. Lerder .r'f~c~r ~e.:urify'~;r±he~a;!hful ptrfO~nit~~~c.e Of tli:s MO!ty.iye BQrrOwr.r shati ais0 furn~5n l crnc!~r w~th .ti~:t!er: ew~•7~>~_r Shc;~~ny pn~+r>>r~ ~~t ~yr~m~wt~s I~~e~~!or At iaasr ~n~r~y ~3~?~ aays pr~or !o the ex~r,rat~on ot any ~nsuranCe pel~~:Y a J~::cy rvr~.s~;,y •~:r r.x!~•n;:.ny 5uc.h Fr,p~n, ~.su~ance Shaii be del~~Ered 2~ Lender w~lh wntten evidenC@ ShUwinq ~~ymN;tt ot t~e p!e~r~um lherefor an;f +n t~.e tven! any Su~.h ~ s,~~~ince policy anc] evidence Ui payment of the prem~um are not so del~veretl to LenUer Borrower i~y e,ecut~ng th~s !.1Urtgaye Spec~ficatty •~•que5t~ i.encSer to c~Utain such {n5urance Le~~er. but ;aithout Cbliyatiun So to do, without rphce to o! der~~ar.d upGn B~rrower and ,nr~thout ~~•~e~siny Borrov.er from any oitl~gat~on hereof, may obta~n SuCh ~nsurance throuUh or irom 2ny msurance ayency cr ccmpany acceptaLle to it <~nd pdy the prem~um therefo~ Lentirr Shati nof be ch~ergeable ~ith o~ta,n~ny or mn~~~;a+n~ny Suc~~ +nsuran-~e or tor tt,e c.o+iect~on of any ~~~u!ance mon~es or for any i~solvency ot any ~risur~r pi ;nsuranCe unde!writer Lender frpm t~me M hme may turr~5h to any ~~surance .+genCy Or comp3ny, or ~i~y other p~rson. ,jny ~ntormatfon cOn!amed in or ett+acted trpm any ~nsuranc.e pc,,~:y theretofore de,ivered tc, l_ender pursuant hereto and any mtor~-;ation COn~ermng thN (oan seCUred herr.~y Bpr!ower hereby ass~gns !o i-ender ait uneamed pr~miums on any such poi~cy, and agrees that any and afl unexp~red +n5urar.r_e shali ~nure lo ihe Geneti! ot and pass t~ the purChastr of tt:e urope~ty conveyed ai any iud~c~a~ sale hcld hereunder i4i lite. HealthorAccident Insurance. It Borrower shali ma~nta~n I~fe. arc~drnt er haaltr~ ~nsuran~c and Lender shai! Ge the owner ~r ~~otder cf any pol~cy of such msurance as tunher secur~ty hereuncier, ~ender may eiECt to pa•y any prem~ums tnereon as to wh~ch Borro~he~ ,nall be ~n default, and any amu~nf so pai~ may be secured hereby ~5) Taxes and Other Sums Que. To pay. sahsfy and d~scharye ia~ at least ten ~ i:)~ r!ays befcre de~~nr~ue~~c•; a~i yenerai and spec~a~ h; and co~,nty taxes, and ali assessments on water stock affectang such property +b~ when J~.,e a~~ spec~a? asse;sments for puU,~c mpr~remen!s, w~tnout perm~tl~ng any ~mprovement bond to ~ssue fo~ any spec~ai assessment. and tci on demand ot Lender b~,t ~n nG even! ~,ter Shan the date such amaunts become ~ue 111 aH encumbrances. cnarges and ~~ens. w~tr ~nteresl on sucn propE rty. or any part thereo} . .tih:Ch ~fP O! JUpear to Lender to L•e pr~or to. or super~or r:ereto i2y a;l cOStS, fre5 an~1 ~raaE:nSeS Ot ?h~5 ~~1ur?yay:- ,ti~!;~•(t;~±r p~ ~~p( ~;ESC~~Dr•'2 , ~~~~er~n i3~ ters o~ c~arye5 fpr any Stafemenl rirya~c:~^y the obl~yat~o^ secured ne~eby arr~r ~mount Cem~r~Eo Ly LenCe~ not !o erceed t!~e ^ax~mum arr~ount a!iowed by i~w there'or a? !he t~me whNn such reques? ts made ;4; sucn otner cna~yes as tne Lende~ may ~eem ~eras~ n ~:;%ie' for Ser,;~r_es ~er,Uered by Lerider and !~m~Shed at the rCUuest o! BCrrpwer O~ dny ,;;:.,~,eSSG~ ;n intB~eS! !G BO!'~~he~. ~51 SuCh p~ Opvr'~ ~ '~ude5 a i~dSBhC~d CStd[E 311 payments 3rd pG+~yBt~UnS rP.Gwrgd O~ thB BO't;~w@! Cf hi5 SuCC.@SSO/ +n ~nte~est u/1tlC~ f1~e f@~mS Of e ~^51lUlT1Pf1t O! ~nStrun~enSS creat~ny such ig~S@hiJ'Cj. ard ~6~ d~) UdyR1Ef1S5 8f'~ !TQfletd~J O~i~y8h0!1S f@qui~t0 G} 111@ ONrner uf surh p!p[r_•!y € .^.di~r any :.'~Cid~dt,On O} ~:Ovf~nants O~ ConQ:t~O'~S O~ reS?ri~.ti0n5 p~'ta;n:n~ tG S~rh Urpperty ~r an~ mCd~f~rat.p~ 2hB~E0} S~UUii7 BO~'O+.H~ € !o ma~e any S~ch , ~ym.ent. Len~i~~ w~thou' ~onteshng the ~ai~~~ty o~ a~rount. m:ay elect !o mai~e or ac:vancN SuCh payment ;o:~e'ne~ ` !n any ~c5!S expen5es tees o~ % ha~<~as ~e:a±ing •!;ere'.o Ber!ower ag~c~e5 tu r.phty Ler~e~ ~mrr~ed:ate~~ upGn rece~pr by 8c••,~+~er t ,,,c any ~nc{c~ase ~r. the a55es5ed va;ue oi Su ~r proUer,y ~nd ayre~.s that Ler~~e~ :r the narr;e o~ BOrrG+~er may ;:ontes+. Dy app•o;~, ~ ,~~Bed'.!~~S SU:.^ i!7r,tbdSE' ~f~ dSSe55!i1C~~? HOffGWErr agrees !o no?~ty LendHr a~-~C aG:.:~pptie!N f2 ~;~~(J dU'hp~~±:f-~, ^~r?~:d1F_iy ~,.:pG~~ ~ ~ppa•r~r:;~ ary e.e•.. ,h~r.C~ (}ue~ Or ma df!E•!_'. ,h~• vd!~~ ,f .Ch r rr ~ Y ~ 5: p 'viietiy ~ ~fr':i:.~i .,b~~s •if aSSE•~S^.. ~ 5..~^ PfupP•"~ . ~ ~.~a~~.s~ „!y Of dny e•F•r~(~!:;;e t0 ~.~+:~~h a:?t~~~~rr@~ ~5 pr rn3y~ Le Entitl~c! ; ImpoundS. Gay t0 Ler,Cer ,f ~pnCer sha~' S~ ~equesi unlE~SS v.a~v~•r~ .~r~;:~r~; :;y Le~~der :n a'~d:t,o^ 'o an~ Gther p~y~ne~t~ ~ • 3u~rPd nr,~•u^•dt~ mC~~ihiy aded^C.~ ~rSt~t;imen!S. ~5 eS!~!rd!c~Q Dy ~:•~;~e~ for !e •rS :e~S S~r~H g^S . e ,.e ~~•;S y'vu~d 'En!~ _ ~~~rr uL y:it:JnS Sa~::fE•d by thi5 F.!.;•r~d(~t ~ he`t•.r;~f'er ~h 5 pd. e~d'}h re~Errri~r i:: e5 ~~~:h uL~ ~ J . ~ y S.~ ,•~a D~~GvsB p~ es'at!~5/' ~ ~,:;~e Ddyrnert rvn@~' due. o+ be~~re tl,ri~rr;uer: o~ ari ~ ai! of S.~Ct ~ ~ ~ ~ . ~ ~~Y y . ~~e, ~n5'@~u- E:,'O ~@ pd~C dS'O 5~_h prGpEtty ! . ~F p 'S ;hs~U !o Lerder unde! ih~ DrOv:S,:,r.S Cf !h•5 p~ dyrdG^ a f n~,,f~... .,.~i S na, f. rl £'vb 3~~~~~ n~ ! r ~ 3 ~ ~ 8;;~r;,h~er o Gay p ~i :!~5~5!^E~Samr•t~t'C.OmEd..PO.'Jt~'~~:,y~F•,^,1 hr,St~a.l(;~y,~~Lrndr ..DC: S,lr^-.~~i0 5 hd^.~ ~.,~'S~r*;Sr~~ eS_~f~ ~ . : n 3,yE' ~UfiGiN@`S O~~I~~~•t~on te pey ~,U'~t: :fL~'iyd•::.-^S hlr 'nJ•~,es pd,~.J 10 L~"1U •f U^:~. ?r~~~S (:3le^yr8v~ - ;i. Gc. .n~E~tr,.*';}'6G~ Y.~,~~ . . _•nCer a!`a Sr3.l ,Ut be 3~ r't••, r,•~, ~ , J :S , ~ ~ ~ ' : ' ~ l el . . f . . f." : . . . . . . ~.1~ 1~ S~ ~~1. ~~5 . .'f l tl{. g • _ 'J-~.. _ d~.rl ::dyd::.r I^ ;1-..• r.e . . ~:.r~Fi~., r ~ ...t~r.~.~i' ;1 dr: ~ -i _ ,r--V ~7..r / ...L~~( b~ S:•~_., ; a•uy ~@!s„'.! ,f. ~ . ~ Ser ._~t~: ~r.~;,y O~ ,]e!c~:.:t U~-r~C •d^' P ~ any ;f !ne o~f~r.~ ~5 ~n, t ' y~~ v~.5•~t Tn~s !.1.~'tyaye '!;en any Ga'a .~::.~r~;~ ~,~r~ •r,v .e,~ t~d~U L...,~~..~ ~n~f., rhf. ~ v. 5~:.,,5;,~ :r::5,,d'uy nU r~:<ay :~?'nc :.n ~f lr~il~ r Ge ~pU. .~a En!fte ~Ayr*~~er,; : ~ . pA~ :niNrr_Si v~ O~t .~f OJ~u~dti~.r~5 SecurE'(.' ~t ~ u ~n r_ c,! ~ ~ r+ ' 'n~ , - , , : "l L ^d y4r~i ~ r u .i g GU~'e.. :ti an} O~ . .`~-.:SeS Y.f.,._r, '~F, ^d 8;. . ~r d •-,ui!t~d by :6I. ~ ~ ~ . ~ ••S,d .~~hf f!. ~ f '•!!;Hk@ Su~_ . ft'pG`t5 O~ 1 G...r.dS ;f5 aff' .t_r ~ l~ CondemnaUOn and In~ury to Prope?ty. Ai~ s:.ms due va~d nr p~,ao:e to Eo~re~ve~ o• :~r, ;u~ ~.r5,, r., :~te...>st .r g~,,•c~._•~ s.,~, 6 . r .~~t''y ~^Ht~.pr by h<:y ,i} ~uCr3r.~c•nt S~tt'~~m..~~ y,.n~,'~.~Stt ~di t::i nju~y O~ ddrri~r~N'.. '3~ p::~pN.~~ . ~;,~'~F.~tiOr• r~!h .`~ny ; ..:~emtill: ~Jr. t.~ir p~~;:.~~ _.~5.' O} Gr u!y 1f) 5~,~~:Il ;.~r7~;.:.., d.... at! ir;r• ~ ~ ~ I -t e . c~ ~ ' ~ i-> E30~ ~~F~ r~f'.,Y d55.t)'1t~i. , 'G~ ~^d (iA ~ .Pn.Hr ~il~;:~iu5@` i . _~:l.f 'i~ (~!i1N_;(jll:~.r!~!!`i00ffC;Kt>r ~;I;~,}~;f'~ c1lJl~'ii~~C~:)i!1..~ • ! ~ftf+f t ~1 1,~- ' t . e i.dtQ trlS ,'T'y`dyP ~:if G~dn`cf.yE' , r,n., ,J. p•;~pe••r 7• ~r,. ~ • J d~~. ~ Yii t1 n f n G r i•• t~.NreO' r~ .G. ~e~t~Jn w~!n itiP t,c^•Sa:.t~~ n~ ~ • .r G P Or , part :~~y'hP u 0_'Q~'~E'(S M BO~fU~.E! Gy LPn~f ~ ur n LvnreCt~On r •y ' Or d~~" t':j 5<. r7 L' ~G~'~t Y'~` Pd'' rr ~'f ut7 . ~ .i:n' ~ r~, ai..r~n: ~ . ri~.._ S a _ ~ i ~S y .r ~.t J' _~r. ~".C C3..5~•S ~ 7 r ~ ~r3~G . q , . . `i drt. r . F ~i . t, ~ f r - J j" .,j d'r r ~ 5 .~~.•v.s yr-s~f ~ ~ - ,r. . ~ .c . , r .;f . . La r.^ dfJC•r!'F' ,CI ~ : f .f ~~,N~,~ ~ > ,i~ ~ '<1 ~ ..~•~S re~t,S ;•7~~ <1viV ~ S u~ f e• S ~I1P ~ ~ ~E.~ ~ ~h Sf~ ) yd~~P ~:J ~ I v . ._'y ,L_. S ~!~~~'~...)B t.' -di 'f'i~ A~~: d ~ r. , - Sir': P~,cd Oy . . i. ~ Gdn n.~ ~,O} 25 " ~ ~ c ~ ~ ~ ^:n.? ~ ,n d~ r:~ ~S iSB',utE in ~t5 ~tir, r. ~ c. a~ a' 'S ` dnle ~r r a..'. n,,• ~;r~j F:ir<I O~e'~+~~~:P dn~ 5~...~.! ~ e.:St' 3r',.~n yr J" d~ ~.d~r ~r j ~G'^- ~ . .:St' pf Sf?f('~,r.'f tl; ;!'.t~ltp} ~•,i••GA~r~ :iy ~ r S i0 r ~f c, r a(i., ~ ~ t~~@' ~3SS~ynn pnrS nr: ~ 1 i5 dt ~ ; . f ~C . P !ridy ::t- ~ . . ~~!CE S~'~" f.!"~ •~n !.~r ~ •_r.s~<~~y to e?}Fctua'.e ±ne tpreyo~n-y p. ~~„c5 ~,~,d as Lr.^.cle ~^a.~ reQues! - Dispos~hon of the Proceeds of any Insu:ance Pollcy, Condemnation or ott~er Reeovary. '!-e ~~-:~;.^r. ~ece .ed ir; .ence~ Y ...~SUdn! t0!fi:S A/!G'':~dC~F~ u!1d@~ d~.r ~jr ~!f,~~ :^S!/~d!1~E' ~O~li.'y' tf~ COfir~@f I~:Gn 1.~,!~ dn~Y r:~r:Q~mn~..,.i~'r• C',~.,. u~F O~ O! ~ni~.:~~ 5~.~• . ~Uerty f0~ ~r,~ury Ur ~~im~ge fG SUCF' P'OUer!y :~r ;n CGnnC; 1~0~ .~:5!! t~~E trdnSd! h0~ ! r';rn~ed ~~y ,P~c_• ~,.r SE•.:, E; r;,.~.Uy d( ?he ,;C!;.:,r. ~~nr~Pr r~~~y C~t~ 2PD'~~d by ~endEr tU 3ny ~.^•~e!~ted~`ess Ser urar~ ?;ereby ~nd +n ~uCh Or;~er as ~rr;;;n, rt e y d•.?ern ,~,c• ,~,!rp~t r~~.~„r,^g sr..- ~ -,,~a•t~Ee7^~~SS S~l`.l.'~~.1' ..•!~y 'nd. .^,E l,Slr~ !p ra~(iid;=F tCStQlg, pr rc CpnSr•uC~ SU~ h. ~~s-..., •c~, ,,',r S _ n, n; r .•!~~dSeU ~O ~C'~U~v~~f U~ any s.;~:~ am~,~.:r ' G'~v_ y ~ _ d ! f ' ~ . . ~c'^d~ ~ O' .d~ ; s ' _ dy .r eGP'; 1!'nF~C a d a'c~ .d!~~0 ~^y e• ± ?.y r c y.,r~ ~SE i ~v0 5.:.-n ~ .~~~I:r d1!U!1. :15~' _ ~k•~E~3~P S! ~il' _~J~s Ndi.p .i. . fu t ~f~.~p ~ ~ ~ . 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