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HomeMy WebLinkAbout0916 l-vit ~~Ft~t C'cn F ~q~ k~~~rri~~rr and t.cnacr :~+~rnani and agrer a. f~~ll~~H, 1. P~~ment of Principal and Interest; P~epa~ment and l.ate ('harge~, t~urruwrr ,hall ~~r~~n,ptl~ ra~ wh~•n ~1ur th~ ~nnrip~l uf and ~nterest ca the debt c~~idcnccd b}~ tht Nutc and any prrra~n~rnt ~nd latr ~t~argrti clur unJrr tlir ti~r:r I. F'unds for Tases and lnsura~et. Sub~ect to appl~cable law ~~r to a wr~ttrn wa~~er b~ lxnder. ~;l~ffUNCf 1~1'3II ~~:1} tu lxnder on thc day monthly paymtniti arr ~iuc u,i~icr tt~e'+:c~it, ur~::: ;~r !~i~ ;c ; ~r~ C~111: a~um C'I~un~.1~") ruual t~~ une-twelfth of (a) yrarly taxrs and a~u~timents which may attain pnonty o~er th~~ SrcurUy Imtrumrnt, Ib) yrarl~ leaxhold paymenic ur ground rents on the Pruperty, ~f any, fc) yearl~ ha~ard ~n~ur~n~r prrm~wm, and (d) ~rarl~ mortg:,ge intiuranre premiums, if any Thex itrm~ arr ralled "run~w itrm~ " l.ender ma} rsumatr thr Fund+ due un thr b3~i~ uf rurrcnt data and reasunablc est~mates of futurr rx reiK itrm+ Thr Fund~ ~hall be hcld m an ~nsutuhun thc dcEx~s~ts or acc~~Unt, uf which arr inwrr~i cir guarantrrd by a frdrral ~~r ~tate agenr~ (~nrlud~ng [.rnder ~f Lender is wch an ~nsuwt~on). L.Pndcr shall appl~ thr f~und~ tu pay the es~ruw ~ternti [xnder may ~ot charge for hoiding and apply~ng the FunJs, analyzing the arcuunt ur vuJying the euruv? ~temti, unle~ti Lcndtr pays &~~ruw•er ~nterest c~n the Funds and appl~cabie law perm~t~ i.rndrr t~~ mai,r su~~h a ct~argc. B:~rr«ucr and Lender may agrce in wnttng that interest shall tx paid on the Funds l.'nlc~s an agrrrmrni i~ made or appli~ablr laN rcyuir~s interest to be pa~d, Lender shall not tx reqwrrci to pay &~rrowcr any interc~i ur rarning~ on ihe Fund+ Lendc~ shall give to &irrow~er, withuut charge, an annuai arcounting of the Funds +hoN ing ~ rrd~ts and drb~tti tu thr F~~ndc and the pur~xnr for wh~~h each deb~t to the Funds was madr The Fund~ are pledgrd ati ~dditumal srrun~y for ihr sumti srcured b~ th~s Sttiunty Imirument. If the amount of che Funds hetd by Lendcr, togethrr w~th thc future monthly p:~ymen~s u( Funds payahlr pnur to the duc dates of thc escruw~ ~trms, shaU ucced the am~unt reywred to pay thr eu:~c~w ~temti w hcn due, thr eaccti~ ~hall br. at F3orruwrr's opuon, e~thtr promptly~ repa~d to Eiorrower or crrd~ted to &~rrower on monthiy paymcnts of Funds 1( the am~~unt of thc Funds held by Lendrr ~s nat suffir~ent to pay thr rSCrow items when duc, Horrowcr shall pa} to l.rndrr an~ am~~unt rtcessar}~ to make up the defir~ency ~n one or merc payments as requircd by Lender. U~n pa}~ment ~n fuH a(all sums xcurrci b}~ this Strunty Instrument. Ltnder shal! prumptly rrfund to E3«rreawr~ any Funds held by Lender If uncirr paragraph 19 thr Pro~eny ~s u~ld ~~r arquirrd by l,endrr, Lrndcr tihall appiy, nu later th~n immediatrly~ pnc~r tu th~ tiale <~f the Prc~pen~• or ~tc acqu~siuun by Lendrr, any Funds held by Lrndrr et the timr ~~f apph~au~~n a~ a rrrd~t aga~nst the,um~ utiurrd b}• this ~cunty Instrumenl 3. Appliration ot Payments. Unle~~ a~pl~~able law• prov~dc~ otherw~se, all pa~ments re~et~rd hy !_rndcr undrr ~aragra~~~ i an~i ?~hnll t~r :+~+pl~ed firct, to late chsrges duc un~ler the Ne,te; u~c~r~d, t~~ ~repa}mrnt rh~rgc~ due undcr thr \ute, th~rd. t~~ amount~ payahle under paragrnrh 2: fc,urth, to interr~t dur, and latit, ti~ pnnc~pal dur 4. (~harges; l.iens. Ei~xmwer tihali pa~ all taxc~, a~u~timent+, chargr~, finrti a~d im~n?U~~n~ attnhutshlr e~+ thr f'fU~Cfl~ Khl~tl tlld~ 4l1df11 4~sl~~fiii t~~ci :rin .xCufl:~ , ~ u^;~ -u..,., 1r,~~rh~~l~1 n~vmrnl~ ur eruund rentti, if any f~.~rn~Ner tihall pa~ thrse cibl~gatiunti in thr nzanner ~r~~~~drJ in per~eraph 2, nr ~f neit paid in that mannr~, fic~rrc~urr ~h:~ll ~ay thrm ~m timr dircctly ti~ thr prr~i,n ~tiwrd ~~ymrnt E3~~rrc~wrr ~hal! ~rc~m~il~ furn~.h t~~ l.rndrr a!1 n+~urr~ uf am~~untti t<~ hr ~a~d ur~~irr th~s paragraph If Ii~~rr~~wrr ma~,r~ ~hc~r ~s~mrnt~ d~rrctf~, f3~+rn~NCr ,hall ~r~~m~tly (urm~h t~~ l.rnder rece~~t~ r~ ~drn~~nR thr ra} rnrnlti i~~rruNCt tihatl ~n~mptly di~iharFr any licn whirh hati ~n~~nt~ ~~tirr ~htti Sriurit~ In~irumrnt unlrti~ fiurr~~wer (a? sgrerti in wnt~i~g t~~ the ~a}ment ~~f the uhligan~m ~rrurrcl h~ the hen tn a mannrr accr~•tat~le t~~ Lrn~ler, lh?iuntr~t~ in ~~»x1 faith thr I~en h~, ur ~lrftndti ~g~intit rnforcrmrnt ~~f thr l~rn ~n, lrgal prckeecf~rtgs wi~~ch ~n thr Lender'~ «pimun u~erate te, ~retirnt tht ri~fur~rmrn~ ~~f ~he I~en ~~r f,~rfr~ture ~~f any part uf !hr Pruperty, c~r Ic) 4ecurr~ frum the holdrr ~if thr lien an agreemrn~ ~ati~facti~ry t~~ 1_rnder wtx~rdinatmg the iirn tn th~s ~unty lntitrumrnt tf I.encfer determineti that any part ~~f ihe Pre~perty i` ~uh~ect tu a lien which ma~ attain ~r~~~nt~ ~+~rr th~~ Sciunty (n~trument. Lr~~drr ma~ Rnr Hc~rre~v?rr a nuu~e ~dcnh(}in~t the licn H+~rre~wer tihall tiaU~i~ Ihr (irn ~~r tai.r ~mr e~r rn~~rr ~~f thr ect~~~n~ +rt fusth atx~~r Kithtn ipday~ uf the gi~ing of n~>ti~e S. Ha~rd Insursnte. Hurruwrr shall krr~ thr ~rn~r~+.rmrn~~ nnw ra»tin~, ~~r hrrraftrr rrectcci cm thr Prc+periS inwrr~l agaimt I~nti h~ hrr, ha~ard~ inrludeei N~thin thr trrm "e;trryded ~e~~rragr' ~n~ ~n~ uthrr harardti fur which L.ender rryui:rti ~murancc ~Thn inturanrr tihell hc ma~ntained in thr ami~untti .~n~1 ;c~r thr prn~~Jti that Lenc3rr requir~ Ihr intiuranrr ~arnrr priniding thc ~ntiu;ancc tihall hr rh~~u~n hy F3~~rn~wrr .uh~rrt t~+ Lrndrr'~ ap~m~at wh~rh shatl n~~t hr unrr_a~~,nahl~ w~thhrld A!I ~n~ur~nre ~+c~li~~rr an~1 renru.~lti ~hal! hr ~r~rrtahlr t;~ I.c~idrr and titrail inriuJr ~~tandard mcirtgage clautir !_rn~f~r tihell h3~e the nRht ti~ h"Id thr ~c~li~ie, and renrw~iti tf Lrn~lrr rry~;:; , l3~~rr~~w,r tihall rre~m~tl~ g~.r t~~ I.ender eil rrcri~t~ ~~f ~a~d ~+remiums and renrwal n~~hcr~ (n thr r~rnt ~~f Ic~,~, ti~~rruwrr tihail gi~r ~n~m~t n~~ti~e t~~ the intiuran~r ;.irncr an~i Lrndrr Lcncirr ma~ m~~r ~rcx+f ~~f l~~~ti if ~nt rnadc ~n+rn~!1~ b~ E3~~rra~wrr t~nlr.~ t en~irr and Bc~.-rc~wer c~therw i~r aKrer in a nt~ng, ~n.uran~r ~r<keed~.hall hr :~~~l~rd t~~ re~turatiun nr re~a~r ~~t thr F'r~~~rrt~ ei:ifT}3fjCi~. ~f the rc~t~~rau~m ~>r rr~a~r ~ti ciimumicaU} featiihle anci Lendrr'ti ,e~unty is nut letitienrd I( thr rrit~~ra~~i~n ~~r rr~air iti n~~t ere~num~rail} fra~ihfr ~~r I rnder'~ ~rrunt? wvuld t~ Ie~~ned, the intiurance prcxxreds tiha11 be a~pl~rJ tr ttzc ~um~ ,e.urrd h~ this Securn~ Imtrument. ~hrihcr ~~r n~,t thrn due, w~th any rxce~. ~aid tc~ B~~rmwer If E3~,rr~~wer ahan~iun~ thr Pr~~~~ert~. ur ~1~~ n~~t antiaer wi~tnn 3(? ds" a n~>t~~e fr~~m LrnJer that thr imuranrc iarner hati ufi'rrrd tc„ettir a claim, thrn 1 rriJrr ma~ :~,llrrt thr ~r~.uran~•r ~nkrrci~ 1 rnder rrta~ u~e the ~r<xetd~ te~ re~a~r or reit~~re the Pn~Fxrt} ~~r ti~ {~a~ ~um~ ~erured h~ th~r ~e:unt~ lmtrumen~. u?hrthrr ~,r n~~t thcn ~1uc 1he 30-da} prnc?d wi31 hrgin whc~ri thr n~~ti~r itiK~~rn t'nlc~~ l rncirr and fi~irrc~wer <~t~~rrK~~e a~rrc ~n writ~rzg, an~ a~Pli~atu~n ~~f ~r.kece~ti to ~rin~•i~ai ~hall n~~t r?~tenel ~~r ~*>>t~~nr thr dut da~e uf the m~~nthi~ ~ayn~rnt; rcferrcd t~~ m~a!agraphti i an~i ~~~r rhangr thr am~~unt uf ihe p~~ rrzents If unefer raragraph 19 ~hr Pn~E,ert~ i~ .:cyu~red b~ t.endcr. 8c~rrrwer'ti right t~~ ~n~ ~ntiurenre ~x,lir~ee and ~nxerd~ rcyulting fr~tim clarnaKr t~t the Yrnperty ~n~~r ter the ~~yu»~~~un tihall pe~s t~~ Ixndrr t~~ thr rxtent ~~f the ~um~ te~urrd h~ tht~ Serurrt: !«4trumcnt imme~l?ate'i~ pn~ir t~~ the acquisitiu:z ~ 6. Yreservatinn and ~taintenance of Property; l.easehoids. E3,~rr~~wer ~hall :i~~~ ~ie~tn~~, damaKr ~~r tiu'r,~tan~~eily :h.?rige thr F'r~~{~+rrt}, ali<~w the ~'rc~rcrt~ tn dcten~~rale c?r r~~mnut wa~te If thiti ~rcunty lntitrument <~n a Irauh~~~d. E4~~rr~~wcr ~hall i:~fTl~~l~ K;th thc ~ru~i~,i~~~i.,~f the Ier~+c. ar.ci if (i~~rrc~wcr ~~y~ir« fer !~c?r tu the Pru~ert}. thc lca~rhe~i~ .~nc1 frr t~rfr.t~all n<<t mrrgr unle.. ! cnc~er a~rre~ t~} the mcr~er ~r~ wr~ung 7. Protectian ~~t l.ender's RiRhts in the Property; `fort~Re Insurance. 1( t~~~rr~~wer fail~ tc7 ~xr(~~rm thc ~u~ena~;ti ~n~1 agrerm~ni. i~+ntained :n :h~~ Sr~unty Intit: umrnt. ur therr a lr~al ~r~stecling ihat ma~ tiigruficantl~ afTect l.en~7er'~ nght~ in the F'ru~ert} i~uch a~ a~rek•eedmR in hankru~tc~, pre~hate, fi~r ~;~ndrmnatiun t,; t<~ en(«rce favr~ ~,r ~::~,.r<. ~n.i~-.t. a~...,.. ~ . . _ . , ' . _ r . . . . _ . . . . _ ' . . . -C.L~ n.,,-...~r.~ n.~ 1 ~nA~r'c no}7? . . i o i!1 1~IC f~fU`l((1~ ~,C(SI~Cf 1 31~1~~tlt fiia~ rn~tuclc pa~~ng am ~urt~~ lClutCU n~ a e~t~~ ' ~ ` - ~s. . : • ~ [ntitrumtnt, ap~canng ~n i~~urt. p.i~ing rea~urahle atturncy~' fer~ anef entcnng ~tin the Pr~~prrti t~} mal~e re~+a~rs Aithc~ugh Lcnder may takc a.tum undcr thiti ~+ar~graph'. Lcnder dcx~ nnt ha.c t~~ d~~ ~u Anr amuunt~ dnhurscc~ h} I.cn~lcr undcr thi+ p.~ragra~h ? ~tiall hc~c~mc adclit~~~nai dcht ~~f f~~rr~~wcr x~urcd hy th~~ Secunt~ Instrumcnt l;nl~,s ii~~rmwer and [ en~ler agree ti~ c+ther terms r.f pa?mrnt, thcx amc+unt~ ShaU hear mterest fr<}m thc date ~~i ~~~burument at the \~~te r~re sricl ~haif be (~ayahle. u~th interc~l, upc~n n~~ti:e frnm I ender to t3~~rrc~wer rcyur~ti~g j,a~mcnt tl1,,A~ tj,/t~V f'At ~ ~ i, , _ : _ r~~ _ U . . . . - w.`~-~;~