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HomeMy WebLinkAbout0959 , i ' F ' ;~1~Jx k ~('E - . ' dili~. - UhIt~~R~f C~rnFti~N75. f~c~rri,t~•cr .+nd l.cn~l~r cc~~ec~ant aiuS :+ecrz a, fofl~,~~~;: ~ . I. Ya mcnt ot Y~inci al and Intcrctil. l3o~r~,~~er ,haU titi~m ~1~• i~~~lu~~ ~iuc tli~ ~rinci~a) af :~~~d intcrest on Ihe ~ 3 P' i • P~ ) 1 } s ir,dchtc~in~ss ri~arn.~J hy thc tiotc, prcpa}'nicnt ari~i l:~Ic ~•li:~r~~. a• ~•ru~'i~icd in lhe Nc~t~. :~nd thc principal u( aiid intcrest cn any Fiu:irr :~d~~n~cs sccured hy' thi. ~t~~rtgaSc., . 2. ~Funds for Taxes ~nd Ins~ra[~ce. Si~bjcct t~~ applicabtv la~~• or, tu a~«rillq~~ ivaiver hY i.rnder, Hurro~+•e~ shall pa~~ ; ~ tt? Lrnder cin chc ~ia~•'muntf~ly~ in~t;d{itwnts i~f pri~~cip:~) ar.1 i,ntrr~~.t arr payiiTll~ G(Itle~ th4 N~~t~, untii thc Nate is paid ~n full; ~ a sum (hrrcin "}~uq.li'~.c~iual t~~_ ut~c~ta~clfth ~f thc ~~rarl} t;~~c~ an~t tsssv~st~)C~I~ wfiich may altain. p~irtit~ ovcr Ihis • ~ ~1lortgagc. :~ncl g;c~und rer~is ~,n thc Prupcrty, it':?n}~, plu, ~~nc-tuclfih i~f ~'~.+rl)' prrmi~im installmente [or h:vard imura~~e. } r~~~S ~»,c-«,~ir~f, ycariy pr~mi~im inttallmerii~ [i~r i~~,~rtga~~ in.~~r;incc. if' :in}•, all a. reas~~nahl~' c~tim;~tc~1 initi::li~ an~i ff~m ~ time to time h~• l.ender ~n thc h;i~ic .if :~~~~c,mrnt~ an~l 1;~11: .inJ rcaS~~nabic .e;timale: Ihcr~a(. ~ "t~~c f=uii.is ~h~ll hc hcld in :in institutt~it the ~lc~+~~.itti ~r ,~cci,unls ~~t ~~•hi~i~ :~rc imured ~~r guarante«I h~ a Fc.lcral or. i statc'agc~icj fincludin~; I_cndcr ~1 I.~ncl~r i. ~uch an im~ili~ti„n). I ~n~l~r .h:~ll a~pl~' thc F«ncis to pa~'i;iid 1:1>~;. asSCSSmCnts, ~ insu~ane4 pr~~iiiunu and er~,un~i rrnl,. 1 en~ler nt:iy- n~u ~harge" fur •r~ h~~f~linc uncl ~I~'int~ the 1'un~t:. :u~;~lyiing saiet arcount. ~ or verif)'ing an~! t~~iiipi{i:~g ~;~i~f ~ssCSirttents a~~ci t~iltt.`unte,y l.c~ider ~iajs'13„rr:~i~cr int~r~~t .}n thc Fune1, a:~d arplicahlc law pennitc L~~iu,r t~~ mal;e ~tt~h :i rh:~r~e. l3~~rrc~tier ;~rtd Lrmte~ ma~ a,rcr in ~vriline a~ ~l~~ Eime ~~J e~~cutiOn oI this ~tortgagc th;i~ intcrc;t =~n ~hc Fun~~~ ~h: li !~r {~ai~i ~c~ lic~rt~,~~~r, an~f unlc;. ~~t:h :~irr;:nent is sZtiaJc :~r ap~+l'scahlc_ {aw i requir~s such in!cr~st t~~ t+e pai~i, I.cniicr ,h,~ll r~c~t h~ rcyuirr_i ~,.i~ Rc~rr~~~~er :~n~ intrreti ~~r e.irnin~~ ~,rt ths I~unJs. Lcttuer _ shal! g~~•c tu {l,,rrrnrcr. ~~ithc,iH ~har~c. an :i~enu.il arc~~u~iun~; ~+f the 1=un~i. ,f~,~«~ny ~ieciits :~n~l ~ictiits to ~hc f~uncls a~s~f the. _ purE»»~ f~u ~~hicFl ~QCII ~i~hit the t~?Ena1, ~~:n n~a~1e. (i~r F'iim1, arr ~~te~l~c:l ai ,td~titiunat S:c~~rit)' ~~or the ~ums se~ured ~ hy thi. \1~}rtgagc. • . . . _ !t !hc :~rnount of Ihe Fund~ hild h~~ Lcnii~r, tuRCther ~~i1h thr fulurc ntunth~~ in~litllc.;Cnic ui Fustcit p:i}:~bl~ ~~rior to _ thc duc d:?te, c~i taxes, acsessnt~nts, in~uranc~ pren~iuii~s :u~ii ~r~?un~l rrni,. ~j~;~ll r~c«.! ~he antount r2y~~ir~.3 to E~.~~ ,:ai~i'ia,~v~, assecsnunt:, iu,tir,tnc~ ~ret~~i~~m. and gmund re~it~ thr~ f:i11 clue.;cu~i~ et~c,ti ~Frilt Ik, at 11iu~oa`er's ~~~~iun, cither ~ { promp~:y' ripaid !u Borro~~c~ ur Cs~ditcd !u R~~rr~~~~e[ t}n ~»~,nthl, ~~i.tallrn~t~ls ~;E I'~s~~d;., fi the ~aml~unt i~f Ihc Funds ; held h}' Lendcr shall not bc suliicicr~t to pap t:~~r.. a~4r.~m.r.~s. ~n.ur.~r.~r prenuum~ an~t ~~muna rwits as th~~~ fatl due, ` Sorr~,wcr shall }~a}' to l.~n~lcr any :t~ituunt nc~cssa?? Ir ni.~kc ii{~ ~hr ~!rti~~~•n.~ ~cithin ~1.i~~ frrm the clate n~tice i~ mailed hy I.en~icr tr llorrs~~ccr reyu~sting pa~mcnt ?hcrc~,f. - . Uprn p:t~mcnt in ful! ~~f all sum~ sc~u~~..! hy thi~ \1~,rt~,s~.. I emi~r ~fiafl E,ram~,th rrtuni4 tcr l3c~tn~~~.cr :iny Funds held hv 1 cn~ler. If under paragraph iS fi~rc~~f thc Pr~~prrt; i. ,~~1e1 ~~r ~hc 1'r~+n~r~~ i: c~then~~tic :~:y~~ir«1 l~~- l.cn~ter. 1.ender shall aprl}°. ~ti~ i:itcr Ihan imm~di.~trl~ prinr tc~ thr .ale ~~t tl:r !'r~~E,rrty ut it~ .~c~Fuisi(t~~n hc (.rnilir 8ny Puncls held by !_endt~ aC th~ time .~i :~pp{i~ :ti~7n a: .i cr~.iit :i~;a~n,t ihr ~um. ~rcufr~i i.~ tii:. \1~~?~ga~c. ~ _ , :3.':~.ppticati~m of P:~timcr,ts. "l'n4c~~ :~~?(+1iilhEc 1a~C~ j~r~~~i~1~; ~,tl:~~i~~i,z•. :s}i ~~:~~ntcnt~ rc~c~~cd h)~ L~n~lLr.unJir the Npte .ind p~~.~graphs-i ~Od 3 G~reuf ch,~1! h~ :,E~, ii~ci hti~'I.rn~ledfir;? i?~ ~.ti~mt~lt +~C a~rnittr~t~ p:tyahl~ i~i {.ender M' $:~ir~u~er i undcr paragcaph ? h~ccaf, ~hen tu int~rrsi }~ahl~. ~ni thr \~~ic. thcn i~> thc E~?.i~tcip,~l of thc Ni~t~: ~r,~i thco tc~ i~tc[est and ~ - .PriiiciQ~t un r~,~~r~ ~a~a;~~;~~. _ , , , - _ _ - ~ . ~~t. ~('h:~rkcti; i.ic:lS. E;~l[fU:tit'I ~~1:i~I j~11 1~I, 1~\t~. ;t.~c:S~~t~itl~ .tiliil ~)i}l~~ itl:If~:C~, ElilC~ :~Il~~,illl~~~)CIII~~f15 it(lflbtlldhiC l0 ~ IfIC }~EOn2f~\" \\'~ll~tl I1lR~' :11~31fi ~1 ~~Il~Ill\' :~\'~f 1f11~ ~flltl~.Itii, :It1t1 iC~l~l1S~~t~'(~.11'l11C~1(~ ~+f b'h71Il1(~ tlll~Sr It :ill};.`in t}~e manner ' pri~vieleit und'cr ~:IT9i!~JQfI 2 here~{f or. it i~c~t~~~eid i~i ;uch iir,innrr: h} 13~ r:~~~i'~r m:+king Eiar mi~~[, ~~'licn duc. dite~fl~• io`the ; ~ p3}'ec !her~nf.~ [3~rroµer sFrall ~foniptl~' fisrn~li~ t~s i~ntlet ~tl{ ni~licre t~! ;~ntnunt~; ~lur iit3der thi~ p: ratf~iph: and~ in the event " ; - $orrq;s~r shalf niakr ~aymcnt'~dir~.,lc: tiurrc~~ti:r .:h_~i) rt'.i!:1(TII~' tilfflii{1 tn .l'in~l~r r~ti•ci~+t~ r'~idrnc:rig such paymet~ts. . [3ar[o~tct,sl~a!t_pron~ptly~ Jic,f~,i~g~ ai~t lie~~ ~.4t~~il~ t:~~_:~i~iu~ity ~,.•rr tir;:~lort~age; pro~'~~ti;d. ~hat tinrrou•cr:sh:~ll nqt be , rcytiit~~l~t~: d~s~h.ir,~ 3rit ~u~h !i.•n .e~ (i~re. ;~r lirtri~~a~~ ~h.tlR .t~.rt~ ~n .,~~t;~i~: :t~~ ~}:i)~~t~nS of the ~~hli~ati~~:i Sceured bp - tiUl'~1 ~Il'!1 1!1 a m:~.)(I~f ::CC~(~1;~f1~t '.~s ~.~'ttt~<:: ~3'•:~~i ~~+.}~j 1.~1:~) ~c~~~lt•~! ~!~~~t ~tt•:1 f~}', t~f tlifl'lli) c11fi~C~itl:<ttt i~f s<<ch ticn in, ~ tt'L;.~t pr~~:c~il~n~~ N}1!t~1 i~FttF.tll: lil ~~It'\i:l: ~`It l'!1}i~:i!.'llli'II ~)i 1~7~' ~e~i} i~! lt1(~C:~~tl!~ ~l~ jflt ~~f~t~)Cf~E t~( ~.l(1'~ ~1.1f~ I~lt(CO~. F. _ _ . ~ . I = 5.: Hazard lri~uranee. l3~,rr.~v.er ~hc~l~~l.r•~~ tiie im,~r.~°.cmirn.~n:,i, e.ici:n~; ~~r !scraltt~~ erict~:~ ~xt the Pr,~~,~rty° insured t , a~inst 1os~ t~~' firt. h,~tit~~iti ii~cl~uf~d iaifhin' iii~ ~rrn~ ~~.tr.idref'i~~v~ri~i±i'~. .~r~l si~rh ~~~ther haza~J~`as' Lender ma~~ rCc;uire • ~ ; am! ~n,su~h ;:sm~t~nt~ at]d;f.~t su~t~'!LTi.~di„i~ ~ Cr,~Ct +q.~) siqtti«: psi~vldr tlia? t rn~~cr:~hi?~? noE'r~yuiTe tfiS! thr amount ~f:; ~ . - ~tilh ~al~'l'fil~l' l\lll'l~ ~~1:1~ :1(Ilt~lli}I c7{ ~i~tCl.ti;l' (~i~itift'/~ 7?: ~fTl' ~ltl11~ ~l'i%Iflli f~~ !Fl~t ~il~i~~:l{~l . . ~ ' ~ "[hc ~nst~ranr,: c.irr:cr ~n,~ic~ir.g !hr ~n,ur.tn.c .Eiall tx atl+~~~cSi ht' 13rrr~~ucr :~ihje~t tc~ 3~1(1i0~1I fl~' L~f1iICf; prc~~'ided, that sis4li appro~'aS .haH nut iinrca~+,t~:~;:1~ •,+ithhrld :\il pr~m~um, ~~n inwr.uu~ ~~~l~.icr ;h;~ll b~ paid, in thc tnanner ? _ ptoti•ided ~~ndcr par:~g~aph 2 hcsr:~f v~. ;f nut ~•ti:i i~ti ,ucki mafu~c~, b~ B,.~rrv~•~cr mak:ng payment, ~r-he?~ ~u~. ilirectty to th~ ~ insijrancc carrier. - ° . ~ A11 insurauc~ ~~ufi~ie. an~! rccsc+ti:il.~ tlirr~.~t ~L;it3 f~r in rc,en~ .~~•cr}~I.,htr tc~ t c~~,ILr :snu shat! incl~~d~ a~tandar~! r*tortgage ~ ciausc in fa~~u} ~:f :ind ~ii furm :~~~c;ptdi~lC tu l.~nuir_ Lrtt.l~r ,%~.~i! i~,~.r tn~ rigizt so hold ti~c ~.~lici~s an~l rcnev~•atc thcrcof,- and Borr,,~+cr :h:~N pru:r~f~il} turn~st~ t~, l rr,drr at! ~e+ir~~al 1~uu;e:. :n~~t :~If r~•~cis~tti ~~f paid Premium,. ln tt.e e~:cnt ~~f Iess. ~ _ ~1)fii~ti'C+ ~~l:l~i '~ll~ E~/l~;l![~a .1~)!(~L' 1i1 Stlt' I:!~il(.!!l:~ •_.~fCltil .:Iti~ ~ ~~~~~t:r_ i if-i~i~r ['•l.i\ R::t~~ ~1C(?~it l1t ~ll» If i11~[ F'•lade-pr~ir.iptl}~ { by' t3c~tru~ccr_ ` . . ~ Unl~cs i.endcr ~inci Rc,rrr:+~-r „ti~~r«{~c agrc~ in .~;it,n~. inc{ir.~n;r ~~r~T:,c~lc sh;+ll bc ~p~iicd tc~ rc~t.~ralicm or rcpait o! [hc t'fope[t} tianta~~~{. I~r~~:s~b,d ~i~~:h re,t~~3':h~tvi ur rrpa~r i, ec:~',~~mi~.tih- fc:?sihlr .u~d ih~ SCCUrih' of tlyis :~ior[gage is not thcr~ti} irz~~airc~i ~t!.~) fi~l~~t;tlt~'!7 l>f ii';~.~if !l~~i i•_~+~i.::?1ii.t~~\ f~.ttiSR~~~' i~( Sf -If?C :e:urit) of :~~i; ~li~Ti~,':i1~'t' :\'Ol)~d : i ~ b~ iPtparted. tF~~ zn~~:r:ln.~ p:,~~~<<1• ih.ill .~j~E~l~c~i t~• ih~ >ur~t. .,~iir~ j i.., .iiu. \l~~r:a,~~e. ~~~{h ~h~ e:,~~cs. ifianti•. p~ld- ~ _ , tt, i3~~rruµr~. lt thr Pr~~~crt~ i, .ih:,sitl,~r~~•~I 13~,rr:~ut~. .,r i3~~: ~~+~.<<r !:~i!•'i~~ rc:; :~i~Q t~'i I cnil~r u•ithii: I) dati's `rom the : il,it~ m~t;,_._ s. ~~::~s':~~ h~ l.endcr i1t!; r.~ti~rr •`~.+t ih~ sn.t~r.in:~ :.~rf<<•r s~!'rt. !~i ,rttlr .l.~i~ii f~,r iii~uran~n c~ai~titti, I.cndcr . .~uth~~r~tr.l .,~1~.•:t :~n~i .~~Pl~ :h•_ ti~.ur.~ti~r 1 r.•c«<i, at f.cn.'::r~• .l(~lii~ii ~:SFit:_tu icSiUi.~tio?i .~r rL~~ai: ~~f thc Propett)` . i . . I~) (~lt ~Ufil> >C;t1F~i1 i~i :Illti ~it)Fl`'.l~F,l'. . ! ' ! I~~tir•.. i.rnii:: .i:td l;~~rr~~u~i ~.~thir~.ti,r rtt ,~,:ii:~~. ,~r: ,.;:1~ :t.'._Iu~;~ ~~f E sc~_cc:1~ to rrin~r~al ~1~.~11 not r~tend t ~,s pi»,~~.rttC ~he ~lj~_~ d~S: 1>f thi r,t~~r~~hl~ in•tniiit:i•;~t~ ~._l~tr~•d t:• :<< ,~.ir.i~~:~i~~t, .:n~i `t~r~uf nr ~h.it?g~ ih~ an~oi~nE of - - SU~~1 fti~I.if~SlitllF~. ~t 11I1(~LC ~11C::~{.t('tl ~ti ~I~S~~~} I~!ti ~~~'~~~r~ti •lit~i:!f~,{ t`: ~.i'llii~:. .i~! TI`tl?. lil~t' :llll~ I;iTC(t~~ Ot ~Oi(OVVL~~ tfl :.:](j it' :1fi\ :fl~!7f:trl.. i ~,l:i~z~ ,+f:U !t] :fifa! !i` 1~i~ t !:~.':i'~t~ 1t2~ii~'~ Ii•-,tt~::11~ ?!,_'i'.1 .~.~Il':t~~ (t~ 1;"~f ~t.!~:•iCl: F~[I~~t l~l ;~11' Sd~C - . Oi-~lli-~111~l~il~l; l~'.:1~~ ~!.1~ti 1~f ~.l'!i(jl'i !tl 1~]t l".ti'ill ~i1 1(~it ~?f57)1 ~l'itlfl'a~ t}l!~ 1:.+tj~ .fil' ttli<.11~tji:ti~~l~ ~flt~i ?a~ ?U~(1 ~.11~. Of ~ ' i ' . ~ _ ~ ~+:iC~ll)S{11Ui1. . . . - . : . • ~ 2:.; . ~ . 7 - , - ` b. Preseri.~tion ai~d.`fap~tcitai~cc ~~E 7'ru~~eri};-Lc~.elurl,tl: ~-yud~~n?iniuNn: t'{aruiatl L~njt !)c~clupmCnis. E3i~rrt+wer ~ i~i:l~~ ~:l'l'[~ ~il~ ~~fi?~?.it}' 111~~L~~+CI lt;t~:?lf :ifl:~ ~ll:til {1+'l tii'il?Rlii ~ti.::RL' ~•r }:If1:.? ~i11~:.1~7ill~ttl C~: l~til'ftJC:ttll`11 Of ~}ll Pr~?peri~' an~i shsll ~or~~}~i) ~.titn th~ pro~•it~~~rts ~~t a71 Sl'dSC ~1 th~• \f~~t~r.i~~ .s ~i::,~is~~~~l I{ ttei~ `.t~~[~~;ik~ i~ on a~snit in a , ~ COiI~O~t%t(lilS[71 ~~f `r r~:lil(ti`:j tiTll~ .~t'.t'~~~p~~.•n?. R~~r'r~~~:cr ~l.t~i'('~~i1i~I~11 .~1~ s+1 ~3C~1(~?:~i~~S ~?~~i~:ilt~~tYS lif.c~,I [~l~ ~t'C~arati~~n ~ ot ~ovCr.=~nti c[i:+iilig':~t ~+~~Cfnit:b'1hi= ~~ndi~~l~~iiitHti~~+r pl.~nnril 'tirtiit 'clt~•~1~ryiittCnt. ~th~ b~~-ta~c. an.l r~ti~Iati~~ns ~}f :he - _ ~ it~lll~v[1iSl;lUl11 l~S ~J1.IS1{11;11 ilflli :ti~~2~t}?f11C't1._;lfld`l:';1'+11If1CStt ~~t~~:11111t:i;~.~ ~1~1'i1f1:~~7fi15[ilU1tT OC E,i~nned t(~ll~ Ul~'21~pment it~~c'~ i4 l'\c~i7tCC~ {3(ltt~~:~if .It]c~ 7~~<~ft2C(~ t~~~~'Iftt( ;~+!fi tit~i tii?![i~.1fy'C'. l~ll tC!:til.s(tt5 :ffil~ :fi~ft;fiSltTll`i clS ~ll+:fl iil~CC ~haN be u~corpnratecl inti~ .,r~~l ,h.+li .:m~nd .~n~1 ;u{~Isl~_rn~nt ttic :u•,en:~r.t~ ari:i .i;~•~~rnl~rts i~f Itr;; ~t:~rt,~dge :;s i( tF~e ri~er ~ :,~re :r p;.j~t hcreo~. . - ~ - - 7. {'rofectiun of I,enders Securii~~.- it 1i~~rn:«e: ~.~il: !n I~Lrf~7r~~ the c~~ti•~nantc an~! ~at;recn~ents ~ontained in this - 1~tottgsgc. ur if aii) acti~n ~,r gr~tee~lsn, i; Lrmmc:~ce~i .~ti~hirh ' mat4tiail} .+fic~ ts Lcr~~ler's iriteresl , in rlne Piopery. . inclu~iing. but r~o~ limited te~. cntinent dor_~.iin. inscilt~enct', c~dc rnforc~r~ent. nr arrangcm~nts oc ps~xcedings in.ol~ing a ~ bankrupt or de.edent. ~hen I.cnder ;rt Lezd~r', .~pu~~~z. .~}x~i~ n~~~ire a~~ i3~~rru~:~er. +n~} ma~e such arpearances, ciisburse such sems and take such action is neecc1ar~• t~~ pr~~tert Lendcr~~ interest ~r~_ii~ding, hut ~iot limited to, disbursement of reasonablx attorney's (ces and emry upon ihe Pr~~pcrt}' tc~ ma.l-e r~rairs. if !.endcr reqi,ire~ mortgag~ insurance ~s. a conditien of making th~ loan s~:cured b}~ th~s ~tort~agc, (iarr~~arr st~at! pa}' thc pr~rniums required ~to maint~in suct~ insurance in efIett uiitil such time as the ;eyuirement (cr such insurance terminat~s ~n accardance with Borro~r•er's anci - ~.~~~~~~BU!!(i~4~i PdS~ ~ - ~ .