HomeMy WebLinkAboutN2018-0281u t
r•At`''s ��.
+11'
oityiVo of Newport Bea enter Drive, NewortBhach, CA92660
Permit Counter Phone (949)644-3311
Online Inspection Request - www.newportbeachca.gov / Online
Services
IIIIIIIIIIIIINIIIIIIIIIIIIIIIIIIIII�IIIIIIIINIIIIIIIII Permit No: N2018-0281 '
Project No : 2966-2016
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Inspection Reques to ""b fxo
Job Address:
708 VIA LIDO NORD NB
Thomas:Guide: 889A7
Description :
REMOVE EXISTING FLAGSTONE PAVING AND REPLACE WITH LIMESTONE NEW EA
Parcel # :
4232-530-4 -
Legal Desc :
N TR 907 LOT 50
Owner:
PARKS JR. LYLE A
Contractor : SHOWALTER CONSTRUCTION
Phone:
0
Phone : 949-673-1645
Address :
PO BOX 18719
Address : 1791 WHITIER AVE
ANAHEIM, CA �1
v
COSTA MESA CA 92627
Contractor State Lic: 654380
Applicant:
PARKS JR. LYLE A
License Expire: 02 29, 2020
Phone :
[
Address
Business License: BT30006144
Business Expire: 05 31, 2019
Special Cond.:
PRE -CONSTRUCTION MEETING REQUIRED
Workers' Compensation Insurance - -
Carrier : STATE COMP
Policy No: 9220812
W. C. Expire: 11 02, 2018
Permit Processing Fee :
$0.00
Sewer Connection :
$0.00
Total Fee
$982.00
Agreement Fee:
$817.00
4TT Box Cover:
$0.00
Paid :
$982.00
Traffic control Plan Check :
$0.00
Total Water Meters :
$0.00
Balance:
$0.00
Inspection Fee:
$165.00
Water Meter Connection:
$0.00
Receipt No:
Refundable Deposit:
$0.00
Total Water Meter Box:
$0.00
Street Tree Fee :
$0.00
Adjustment:
$0.00
Processed By:
Date: _/_/
Other Department:
Date:
Utilities Approval :
Date: _/_/
Pergtit Denied Date:
Traffic Approval :
Date : _/_/
Issued Permit:
Date 7 101 t E
General Services Approval : Date : _/ /
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COMPLETE THE BELOW INFORMATION
PROJECT ADDRESS: 70W t2L� .,,,
DETAILED DESCRIPTION OF PROPOSED WORK:
APPLICANT: a r- ., r `e. Phone:
Email Address: 1 i 6) A f, �c
Mailing Address: / < ' /
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City/State/Zip:
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OWNER: �. cl Phone: �1.� -. �4 - w�,
Email Address:
Mailing Address-
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.mot CONTRACTOR ►TwR tS RECAAREE14nEASEI
ONTRACTOR: , , , .JC'. � �t G v�'. "� �t�.
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Office Phone: "% -3 *'5
Company (if diffe nt):
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Jobsite Phone: / C '� ' -
Other Phone:
Email Addr I`
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Mailing Address: �w
City/State/Zip:
State License Numbs & Class:
tb� Ex inns: l�
City Busin Lidense Number:
:: Expires:.21 C
WORKERS COMPENSATION INSURANCE - Certificate of Insurance (Section 3800 Labor Code)
lic-ompany: 'h °r i (:.1 A—', L4 Policy No-/ P V ((; t✓ Ex Tres: JOICliZIS
Municipal Orations: 949-644-3055
Utilities: 949-644-3011
Urban Forestry: $49-644-3083
FOR OFFICE USE ONLY
Special Conditions of Permit:
ADDRIONAL APPROVAL REQUIRED FROM THE FOLLOWING DEPARTMENTS
Utilities:
Municipal Operations
Traffic: Fire: 0
Other:
Engineering Technician:
Pe rmi ialist
Date:
/,,,,(,
IPeffnitNo.
N2018-p
f/userslpbw/shared/encroach/masters/epworksheet As
Public Works Department 949-644-3311
100 Civic Center Drive, Newport Beach, CA 92660
ALL UNDERGROUND WORK SHALL BE PERFORMED BY A LICENSED CONTRACTOR
Contact "Underground Service Alert" At Least 48-Hours in Advance of Any Excavation at 800-422-4133
TERMS AND CONDITIONS OF ENCROACHMENT PERMIT
WORKER'S COMPENSATION INSURANCgect' 3800 Labor Code)
1
Encroachment Permits Wray be taken out by the owner of benefited property or a licensed contractor. A licensed
I certify that I have a Certificate of consent to, Certificate of Worker'scontractor
must provide a 'Letter of Authorization' to allow another party to pull a permit. An approved copy of the
Com en atio Ins ran e, or a Certified Co
permit and construction plan shall be kept at the job site at all times. Work.. which has been done prior to issuance of
/-
a permit, is subject to rejection/fine. City reserves the right to void permit d work does not commence within 30 days
Date: Signature:
after date of issuance.
CERTIFICATE OF EXEMPTION (Section 3800 Labor Code)
2 The Permitlee agrees to defend, indemnify and hold the City, its authorized agent, officers, representatives and
employees harmless from any responsibility, liability, suit or action of any description arising out of any accident, loss
I certify that in the performance of the work under this permit, 1 shall not employ
or damage to persons or property occurring as a result of work undertaken under this permit.
any person so as to become subject to California Worker's Compensation Laws. If,
3
All work shall be done in accordance with the approved plans, Standard Special Provisions and Standard Drawings
after signing this certificate I become subject to the Worker's Compensation
of the City of Newport Beach. and in compliance with all applicable State laws and City ordinances.
provisions of the State Labor Code, I must comply with the provisions of Section
4
Permittee guarantees all work performed under this permit to be free of hidden and latent defects. Any failures shall
3700 or this permit shall be deemed revoked.
be corrected within two weeks after notification to the satisfaction of the Public Works Director.
5.
A valid State licensed contractor must perform all construction within the public right-of-way, unless waived by the
Date: Signature:
Public Works Director. A valid State Contractor License Class A can perform any work in the public right-of-way. For
construction or connection to water lines a valid State Contractor License Class C-34 is required. For construction or
CONTRACTOR LICENSE EXEMPTION
connection to sewer lines a valid Stale Contractor License Class C-42 is required.
6.
All trenching and/or resurfacing shall conform to City Standard 105-L for parkway/roadway and City Standard 140-L,
As the Owner of the benefiting property, I certify I am personally performing all
in the alley, where a minimum half -alley width resurfacing shall be provided, unless otherwise directed by the Public
work in the Public Right -of -Way.
Works Dept. Contractors shall obtain permits to perform excavation or trench work from the California Division of
Date: Signature:
Industrial Safety prior to commencing underground construction as required by State law. Walls and faces of all
excavations over 5 feet in depth shall be protected by a shoring system, sloping of the ground, or other equivalent
means. Trenches less than 5 feet in depth shall be guarded when hazardous ground movement may be expected.
HOLD HARMLESS STATEMENT
7
The Public Works Department Inspectors must inspect all work in the Public right-of-way. Forms and subgrade must
I understand that I am locating minor encroachments within the City Right -of -
be inspected and approved before concrete is ordered/poured. Sewer, pipelines, and subgrade construction must be
Way/Easement. As property owner it is my responsibility to maintain the
inspected and approved before backfilling, or applicant may be required to excavate site. Separate Utilities
encroachments. I will be responsible for replacing the improvements if the City
Department or General Services Department inspections may be required depending on scope of work performed.
removes them for maintenance of utilities or other public need. I shall indemnify
8
All trench restoration must be inspected by the Public Works Department. No utility installation(s) shall be allowed
and hold the City harmless for any liability associated with the minor
over or within 5 feet of any City utilities, unless approved by the Public Works Department. Locate and pothole
encroachments.
existing City -owned utilities (ie water, sewer, or street lighting conduits) to verify locations. Maintain a one -foot
clearance over or under existing City -owned utilities. Sewer cleanouts require VCP or PVC SDR35 be used with a
Date: Signature:
4TT box over the riser.
24-hour notice for EncroachmT I ection is required by calling
9 Properly lighted barricades must be provided and maintained around all trenches, excavations and obstructions. All
"Manual
signs, flags, lights and other warning and safety devices shall conform to the requirements of the current of
Warning Signs, Sights and Other Devices for the Use in Performance of Work Upon Highways", issued by the
Public Works at 949-644-3311. !
California Department of Transportation If needed. barricades can be obtained from the City at a charge of S10.00
15. Any above ground utility facilit s will require documented approval from the adjacent
per barricade per day, with a minimum charge of $35.00 It is the responsibility of the applicant to place barricades to
protect the general public. Access to fire hydrants must be maintained at all times.
affected property owner(s).
10
Work within or near beach sensitive areas will not be allowed during. City holidays, spring break. Memorial Day
16. Homeowner, contractors, and subcontracotrs may each be liable for violations of Water
weekend, summer between June 15 and September 15 and during the holiday season from December 19 to
Quality Laws. Best Management Practices will be enforced. It is against the law to
I
January 1, unless approved by the Public Works Department.
Any work that extends into traffic or parking lanes and impedes the normal flow of traffic requires the applicant to
discharge construction debris into the gutter and storm drain. Felony violations of Water
acquire a Temporary Street Closure Permit from the Public Works Department. Access for fire, police and
Quality Laws are punishable by fines up to $25,000 and/or up to three years in Stale
prison plus the full cost to clean up an illegal discharge or spill.
emergency vehicles must be maintained at all times. Traffic Control must be per Work Area Traffic Control
17 If a refundable deposit was paid, applicant must submit a Soils Compaction
Handbook (WATCH). No nighttime traffic lane closures. unless prior approval has been granted. Any lane(s) closure
on a major street will only be allowed between 9:00 a.m. and 3:00 p.m. (Monday thru Friday), unless approved by
Certificate or Evidence of a Slurried Backfill and request a final inspection from the
the Public Works Department Any work affecting the State Highway's traffic or within the Slate Highway right-of-way
Public Works Department. Monies may be held for six months after final inspection
will require a Caltrans Permit All vehicles shall be lawfully parked
before a refund will be processed.
12
This permit does not authorize the closure of sidewalks streets, or alleys for construction access, storage of
18. No trees in the public right-of-way shall be planted, removed, trimmed, er relocated
materials, or parking of construction vehicles unless detailed on an attached Temporary Street Closure.
without approval from the General Services Department.
13
Applicant must notify USA at 1-800-227-2600 2 days before starting any underground construction. Applicant
19. All work in the public right-of-way must meet the approval of the Public Works
must notify all affected residents 24 hours in advance of restricted access and any inconveniences.
Department or corrections will be required (i.e. removals, exposing connections,
14
Refuse or unused materials shall be. removed within 24 hours after completion of the work. If not removed, the City
etc.). Additional inspection fees may be required.
may rernove and bill the applicant. Coordinate alley closures with City's refuse pick-up days by calling 949-644-3066
20. Permit is for standard materials in the public right-of-way only, unless previously
for the collection schedule so service is not interrupted. To place a durnpster or materials in the public right-of-way, a
approved by Public Works and an Encroachment Agreement has been processed.
Temporary Street C!osure Permit must be obtained from the Public Works Department
21. Permit is valid for "description" of work noted on fro only. Additional work
performed may require issuance of a separate permit a /o ader
No work related to this encroachment permit shall be performed until the Public Works Department has issued this permit. Applicant hereby//&Vkknoowllleedges he/she haVdd the terms and
conditions
of this permit and he/she agrees toabide by them. Permit is void if work is not commenced within 30 days after Issuance.��
fees are nonrefundable.Date:
_,/ Y,Ignature:
f/ 5�—�.,.s,Permit
RealQuest.com V - Report
Page 1 of 1
Property Detail Report
For Property Located At:
708 VIA LIDO NORD, NEWPORT BEACH, CA 92663-5523
Owner Information
Owner Name: PHARRIS CHLELL UPHARRIS PATRICIA A
Mailing Address 2050 MAIN ST 0250, IRVINE CA 92614.8264 C041
Vesting Codes: I I
Location Information
Legal Description:
N-TRACT: 907 BLOCK: LOT. 50
County.
ORANGE, CA
Census Tract / Block.
629.0011
Township -Range -Sect:
Legal Book/Page.
Legal Lot:
50
Legal Block:
Market Area:
N8
Neighbor Code
Owner Transfer Information
Recording/Sale Date
I
Sale Price:
Document #:
Last Market Sale Information
Recording/Sale Date
091161201610712912016
Sale Price
$5,600,000
Sale Type:
FULL
Document #:
448410
Deed Type:
GRANT DEED
Transfer Document #:
New Construction:
Title Company
FIRST AMERICAN TITLE
Lender
WELLS FARGO BK NA
Seller Name:
PARKS LYLE A JR TRUST
Prior Sale Information
Prior Rec/Sale Date:
12121119941
Prior Sale Price.
Prior Doc Number
726358
Prior Deed Type.
DEED (REG)
Property Characteristics
Gross Area
3,726
Parking Type:
Living Area.
3,246
Garage Area:
Tot Adj Area:
Garage Capacity
Above Grade:
Parking Spaces:
Total Rooms
6
Basement Area
Bedrooms.
4
Finish Bsmnt Area:
Bath(F/H)
411
Basement Type
Year Built / Eff:
1940 12004
Roof Type
Fireplace
Y 1 1
Foundation:
# of Stories:
2
Roof Material.
Other Improvements:
Building Permit
Site Information
Zoning.
Acres:
Lot Area
3,150
Lot Width/Depth
Land Use
SFR
Res/Comm Units:
Site Influence.
Tax Information
Total Value.
$5,600,000
Assessed Year
Land Value.
$4,825,764
Improved %.
Improvement Value:
$774,236
Tax Year
Total Taxable Value
$5,600,000
APN
423-253-04
Alternate APN:
Subdivision:
Map Reference:
31-1361
Tract #:
907
School District:
NEWPORTMESA
School District Name:
NEWPORT MESA
Munic/Township:
Deed Type:
1 st Mtg Document #:
1st Mtg Amount/Type
$2,800,000 I CONV
1st Mtg Int Rate/Type
2.121 ADJ
1st Mtg Document #:
448411
2nd Mtg Amount/Type.
I
2nd Mtg Int. Rate/Type:
I
Price Per SgFt:
$1,725.20
Multi/Split Sale.
Prior Lender:
Prior 1st Mtg Amt/Type.
Prior 1st Mtg Rate/Type
GARAGE/CARPORT Construction:
480 Heat Type: CENTRAL
2 Exterior wall:
Porch Type:
Patio Type:
Pool:
Air Cond:
Style:
Quality AVERAGE
Condition GOOD
0.07 County Use: SINGLE FAM RESIDENCE (1)
35 x 90 State Use
I Water Type.
Sewer Type.
2017 Property Tax $59,309.72
141/ Tax Area 07001
2017 Tax Exemption:
http:l/pro.realquest.com/jsp/report.'sp?&client=&action=confirm&t-v-pe=getreport&record... 05/25/2018
(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
administrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable judicial
opinions.
(J) "Community Association Dues, Fees, and Assessments " means all dues, fees, assessments and other charges
that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
organization.
(K) "Electronic Funds 7i~ansfer" means. any transfer of funds, other than a transaction originated by check, draft,
or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or
magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by
telephone, wire transfers, and automated clearinghouse transfers.
(L) "Escrow Items" means those items that are described in Section 3.
(M) "Miscellaneous Proceeds " means any compensation, settlement, award of damages, or proceeds paid by any
third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
lieu of condemnatioo; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
(N) "Mortgage Insurance " means insurance protecting Lender against the nonpayment of.. or default on, the Loan.
(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
plus (ii) any amounts under Section 3 of this Security Instrument.
(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time to time, or
any additional or successor legislation or regulation that governs the same subject matter. As used in this Security
Instrument, RESPA refers to all requirements and restrictions that are imposed in regard to a "federally related
mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
party has assumed Borrower's obligations under the Note and/or this Security Instrument.
Transfer of Rights in the Property. This Security Instrument secures to Lender: (i) the repayment of the Loan,
and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and
agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys
to Trustee, in trust, with power of sale, the following described property located in the County (Type of Recording
Jurisdiction) of Orange (Name of Recording Jurisdiction) SEE ATTACHED LEGAL DESCRIPTION
Parcel ID Number: 42325304 which currently has the address of 708 Via Lido Nord (Street] NEWPORT BEACH
(City], California 92663 (Zip Code] ("Property Address"):
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this
Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
Borrower warrants and wilt defend generally the title to the Property against all claims and demands, subject to any
encumbrances of record.
THIS SECURTTY INSTRUMENT combines uniform covenants for national use and non -uniform covenants with
limited variations by jurisdiction to constitute a uniform security instrument covering real property.
NCFG-W359
CAUFORNIASinglo Famly-Famle Mae/Froeele Mee UNIFORM INSTRUMENT Form 3003 IMI
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Uniform Covenants. Borrower and Lender covenant and agree as follows:
.1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower
shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and
late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument
received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may
require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more
of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's
check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal
agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
Payments are deemed received by Lender when received at the location designated in the Note or at such other location
as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may
accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder
or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply
such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due
date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower
makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall
either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding
principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now
or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security
Instrument or performing the covenants and agreements secured by this Security Instrument.
2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted
and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal
due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in
the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
Tf Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than
one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the
Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after
the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late
charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not
extend or postpone the due date, or change the amount, of the Periodic Payments.
3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note,
until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments
and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b)
leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender
under Section S; and (d) Mortgage insurance premiums, if any, or any sums payable by Borrower to Lender in lieu
of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are
called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community
Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall
be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds
for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow
NCFC,=59
CAUFORNIA•Single FarrWyFernlle Maoffre"s Mae UNIFORM INSTRUMENT Form 3005 1A7
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' 7
Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly,
when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by
Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as
Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be
deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails
to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver
as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,
Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the
time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender
shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
Escrow Items or otherwise in accordance with Applicable Law.
The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank.
Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not
charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow
Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge.
Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall
not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing,
however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting
of the Funds as required by RESPA.
If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess
funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the
shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held
in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly
payments.
Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
Funds held by Lender.
4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
Property which can attain priority over this Security Instrument, leasehold payments or ground rents on the Property, if
any, and Community Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items,
Borrower shall pay them in the manner provided in Section 3.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, -but only so
long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement
of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those
proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an
agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part
of the Property is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrower
a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or
take one or more of the actions set forth above in this Section 4.
HCFG-00359
CAUFORNIASIrgla Fe"Y-Fannla MaelFre"o Nat UNIFORM INSTRUMENT
VMP01
VOIlera KWwer Financial Services 201E091415.3.2.3W94201EW25Y
04,16
Page A of 1.
IIII�NN�I�IIII�IIIr�19Vl1
Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used
by Lender in connection with this Loan.
5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including,
but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in
the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires prlrsuant to
the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall
be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for
flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and
certification services and subsequent charges each time rcmappings or similar changes occur which reasonably might
affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by
the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting
from an objection by Borrower.
If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's
option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage.
Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the
Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser
coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained
might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender
under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts
shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice
from Lender to Borrower requesting payment.
All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove
such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional
loss payee and Borrower further agrees to generally assign rights to insurance proceeds to the holder of the Note up to
the amount of the outstanding loan balance. Lender shall have the right to hold the policies and renewal certificates.
If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If
Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of,
the Property, such policy shall include a standard mortgage clause and shall name Lender as rnortcr and/or as an
additional loss payee and Borrower further agrees to generally assign rights to insurance proceeds to the holder of the
Note up to the amount of the outstanding loan balance.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance
proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of
the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such
repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an
opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that
such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single
payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or
Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower
any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall
not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. if the restoration or repair is
not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums
secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance
proceeds shall be applied in the order provided for in Section 2.
MCFG-00359
CALIFORNI"irgle FameyFanNe MedF/eddle Mac UNIFORM INSTRUMENT Fenn 7C05 1101
VMP* O4110
Y Mlwa Khmer Flnandal Serwm 2016091e �5.12.7509J20160426v ?age 5 of 14
7 1
Lf Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related
matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered
to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is
given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns
to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the
Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned
premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to
the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay
amounts unpaid under the Note or this Security Instrument, whether or not then due.
6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60
days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent
shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not
Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from
deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further
deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking
of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a
series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to
repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or
restoration.
Lender or its agent may matte reasonable entries upon and inspections of the Property. If it has reasonable cause,
Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of
or prior to such an interior inspection specifying such reasonable cause.
8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower
or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially
false, misleading, or inaccurate infomation or statements to Lender (or failed to provide Lender with material
information) in connection with the Loan. Material representations include, but are not limited to, representations
concerning Borrower's occupancy of the Property as Borrower's principal residence.
9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may
attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the
Property and rights under this Security Instrument, including protecting andior assessing the value of the Property,
and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums
secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or
other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action
under this Section 9. Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that
Lender incurs no liability for not taking any or all actions authorized under this Section 9.
MCF0�1=1159
CALIFORNIA•Skgla Family.Femle MaelFre"o Mac UNIFORM INSTRUMENT Form 30051g1
VMP9 "16
Wolters *j*w Financial services 2016091415.3.2.350B-J20160425Y Page 6 of 1e
• 7
Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be
payable, with such interest, upon notice from Lcndcr to Borrower requesting payment.
If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in
writing.
10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall
pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage hisurance
coverage required by Lender ceases to be available from the mortgage insurer that previously provided such insurance
and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance,
Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance
previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in
effect, from an alternate mortgage insurer selected by Lcndcr. If substantially equivalent Mortgage Insurance coverage
is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were
due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-
refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the
fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings
on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the
amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available,
is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If
Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately
designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for
Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for
such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's
obligation to pay interest at the rate provided in the Note.
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and
conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These
agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer
may have available (which may include funds obtained from Mortgage Insurance premiums).
As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsures, any other entity,
or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be
characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the
mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the
insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive
reinsurance." Further:
(A) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance,
or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage
Insurance, and they will not entitle Borrower to any refund.
(B) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to
receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage
MCFG-00759
CAUFORMA-SbVe Faeay-Famle Mae/Fre"o Mac UNIFORM INSTRUMENT Form =005 1101
vMPD 04116
Mdtern latnver Flnantlal SaMcas 2016091415.7.2.750"0160e26Y Pape 7 of 14
.y 1.
Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were
unearned at the time of such cancellation or termination.
11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to
and shall be paid to Lender.
If the Property is damaged; such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration
period, Lender shall have the tight to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect
such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be
undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress
payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to
be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on
such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be
lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not
then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided
for in Section 2.
In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied
to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of
the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless
Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the
amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured
immediately before the partial taking, destruction, or loss in value divided by (b) the fair market value of the Property
immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured
immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the
sums are then due.
If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined
in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender
within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds
either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then
due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom
Borrower has a right of action in regard to Miscellaneous Proceeds.
Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
could result in forfeiture of the Property or other material impairment of Lenders interest in the Property or rights
under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as
provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment,
precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under
this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of
Lender's interest in the Property are hereby assigned and shall be paid to Lender.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order
provided for in Section 2.
NCFG-00359
CALIFORNIA-Single Family -Fannie MaeFredda Mae UNIFORM INSTRUMENT Forth 30051101
VMPa Oe110
VYWten Khnver Financlal SeMces 2016061415.3.7.3506J101604I6Y Page 4 of I.
12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of amortization of the sutras secured by this Security Instrument granted by Lender to Borrower or any
Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of
Borrower. Lender shall not be required to commence proceedings against any Successor in htterest of Borrower or to
refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument
by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance
by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third
persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a
waiver of or preclude the exercise of any right or remedy.
13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and
agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this
Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to
mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is
not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other
Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security
Instrument or the Note without the co-signer's consent.
Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations
under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits
under this Security Instrument. Bon-ower shall not be released from Borrower's obligations and liability under this
Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security
Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lcndcr.
14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default,
for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including,
but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of
express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition
on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by
Applicable Law.
If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest
or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a)
any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any
sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may
choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower.
If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge
(whether or not a prepayment charge is provided for under the Nate). Borrower's acceptance of any such refund made
by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such
overcharge.
16. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing.
Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower
when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice
to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The
notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to
Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for
reporting Borrower's change of address, then Borrower shall only report a change of address through that specified
procedure. There may be only one designated notice address under this Security Instrument at any one time. Any
notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein
unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security
HCFG40359
CAUFORNIM, a Family -Fannie MaelFndie Mac UNIFORM INSTRUMENT Fom 3005 1r01
VMPO 04116
Wbllen gllwer Fnandal SaM093 2015091415.3.23509&J20160425Y Pape 9 9I 14
.y
Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required
by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the
corresponding requirement under this Security Instrument.
16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by
federal law and. the law of the jurisdiction in which the Property is located. All rights and obligations contained
in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law
might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be
construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security
Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security
Instrument or the Note which can be given effect without the conflicting provision.
As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter
words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and
(c) the word "may" gives sole discretion without any obligation to take any action.
17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.
18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the
Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is
the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural
person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may
require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
exercised by Lender if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of
not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay
all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,
Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall
have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a)
five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such
other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a
judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then
would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of
any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including,
but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the
purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such
action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security
Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged.
Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms,
as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality
or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations
secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not
apply in the case of acceleration under Section 18.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note
(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might
NCFG-0=9
CALIFORNIA•SinyM FamilyFanNa Mae/Freddie Mat UNIFORM INSTRUMENT Farm 2005 1101
VMPS oU16
Vfttawr FinancialFinancialka Servf 2016091{:5.7.2.3509J20160426Y Pays loaf t1
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7 6
result in a change in the entity (known as dhe "Loan Servicer") that collects Periodic Payments due under the Note
and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security
Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale
of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will
state the name and address of the new Loan Servicer, the address to which payments should be made and any other
information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the
Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to
Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and arc not assumed by the
Note purchaser unless otherwise provided by the Note purchaser.
Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant
or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges
that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such
Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section
15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice
to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be
taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and
opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant
to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section
20.
21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined
as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline,
kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials
containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental Law" means federal laws
and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection;
(c) "Environmental Cleanup" includes any response action; remedial action, or removal action, as defined in
Environmental Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or
otherwise trigger an Environmental Cleanup.
Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances,
or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone
else to do, anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an
Environmental Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a
condition that adversely affects the value of the Property. The preceding two sentences shall not apply to the presence,
use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be
appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous
substances in consumer products).
Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action
by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance
or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but
not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any
condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the
Property. If Borrower learns, or is notified by any governmental or regulatory authority, or any private patty, that any
removal or other remediation of any'Hazardous Substance affecting the Property is necessary, Borrower shall promptly
take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation
on Lender for an Environmental Cleanup.
Non -Uniform Covenants. Borrower and Lender further covenant and agree as follows:
HCFG-00359
CAIIFORNIASIng:a FamayFannle MealFre"o Mac UNIFORM INSTRUMENT Fain. 3005 1101
VMPG 04116
When Khwrer Fnandal Services 201E091415.1.2.7509420AG42Er Page t I o1 14
7 6 t
22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section
18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required
to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the
default must be cured; and (d) that failure to cure the default on nr before the date specified in the notice may
result in acceleration of the sums secured by this Security Instrument and sale of the .Property. The notice shall
further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to
assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is
not cured on or before the date specified in the notice, Lender at its option may require immediate payment in
full of all sums secured by this Security Instrument without further demand and may invoke the power of sale
and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred it]
pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and
costs of title evidence.
If Lender invokes the power of sale, Lender shall execute or cause Trustee to execute a written notice of the
occurrence of an event of default and of Lender's election to cause the Property to be sold. Trustee shall cause
this notice to be recorded in each county in which any part of the Property is located. Lender or Trustee shall
mail copies of the notice as prescribed by Applicable Law to Borrower and to the other persons prescribed
by Applicable Law. 'trustee shall give public notice of sale to the persons and in the manner prescribed by
Applicable Law. After the time required by Applicable Law, Trustee, without demand on Borrower, shall sell
the Property at public auction to the highest bidder at the time and place and under the terms designated in
the notice of sale in oue or more parcels and in any order Trustee determines. Trustee may postpone sale of all
or any parcel of the Property by public announcement at the time and place of any previously scheduled sale.
Lender or its designee may purchase the Property at any sale.
Trustee shall deliver to the purchaser Trustee's deed conveying the Property without any covenant or warranty,
expressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the
statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses
of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees; (b) to all sums secured by this
Security Instrument; and (c) any excess to the person or persons legally entitled to it.
23. Reeonveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee
to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this
Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally
entitled to it. Lender may charge such person or persons a reasonable fee for reconveying the Property, but only if the
fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under
Applicable Law. If the fee charged does not exceed the fee set by Applicable Law, the fee is conclusively presumed to
be reasonable.
24. Substitute Trustee. Lender, at its option, may from time to time appoint a successor trustee to any Trustee
appointed hereunder by an instrument executed and acknowledged by Lender and, recorded in the office of the
Recorder of the county in which the Property is located. The instrument shall contain the name of the original Lender,
Trustee and Borrower, the book and page where this Security Instrument is recorded and the name and address of the
successor trustee. Without conveyance of the Property, the successor trustee shall succeed to all the title, powers and
duties conferred upon the "trustee herein and by Applicable Law. This procedure for substitution of trustee shall govern
to the exclusion of all other provisions for substitution.
25. Statement of Obligation Fee. Lender may collect a fee not to exceed the maximum amount permitted by
Applicable Law for furnishing the statement of obligation as provided by Section 2943 of the Civil Codc of California.
The undersigned Borrower requests that a copy of any Notice of Default and any Notice of Sale under this Security
Instrument be mailed to the Borrower at the address set forth above. A copy of any Notice of Default and any Notice
NCFG-00239
CAUFORNIA.Single Family -Fannie Maa/Fradta Mac UNIFORM INSTRUMENT Form 3005 U01
V161P0 04116
Waller, Wwer Financial SaMcas 2016091415.3.2 3509420160426Y Page 12 of 14
of Sale will be sent only to the address contained in this recorded request. If the Borrower's address changes, a new
request must be recorded.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument
and in any Rider executed by Borrower and recorded with it.
/ �4 //A"
Patricia A Pharris Date
Seal
MCFG-=39
CALIFORNIA-Single Faftly•Fwlia MaalFredda Mx UNIFORM INSTRUMENT
VMP9
Wdtars W1,wer Financial Sarvres 2016N141-5.3 2.35MJ20160428Y
01,16
Page 13 of 1.
IA notary public or other officer completing this certificate verifies only the identity of the individual who signed the I
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of 0 ""
On S.� IL -Ml , before me,
personaby appeared ,1 /1'
Matthew R. Kaestner, Notary Public
, Notary Public,
t. I e, It /4 of rr 1 <
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the
within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies),
and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument_
I certify under PENALTY OF
and correct. _
WITNESS
seal.
under the laws of the State of California that the foregoing paragraph is true
My Comm)
sron exp Tres:
Matthew R. Kaestncr, Notary Public
Loan Origination Organization: Wells Fargo
Bank N.A.
NMLSR ID: 399801
MATTliEW R. KAESTNER
Commission � 2108892
.mom Notary Public - California
Z orange County
My Comm. Expires May 22.2019
MCFG-=Sg
CALIFORNIA-Single Famiy-Fannie Mae/Fnddie Mac UNIFORM INSTRUMENT
VMPV
NblleroQ wer Finenclal Semlcu 2016M 1415.3.2.350Y-J20IW420Y
Loan Originator: Christopher Dickie
NMLSR ID: 245985
LEGAL DESCRIPTION
Lot 50 of Tract No. 907 in the City of Newport Beach, as per map thereof recorded in Book 28, Pages 25
to 36 of Miscellaneous Maps, in the Office of the County Recorder of said County.
Adjustable Rate Rider
(I -Year LIBOR Index - Rate Caps)
(Assumable After Initial Period)
THIS ADJUSTABLE RATE RIDER is made this 16th day of September, 2016, and is incorporated into and shall be
deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the
same date given by the undersigned (the "Borrower") to secure the Borrower's Adjustable Rate Note (the "Mote")
to Wells Fargo Bank, N.A. (the "Lender") of the same date and covering the property described in the Security
Instrument and located at: 708 Via Lido Nord, NEWPORT BEACH, CA 92663 [Property Address]
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST
RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE
BORROWER'S ADJUSTABLE INTEREST RATE CAN CHANCE AT ANY ONE TIME
AND THE MINIMUM AND MAXIMUM RATES THE BORROWER MUST PAY.
Additional Covenants. In addition to the covenants and agreements made in the Security Instrument, Borrower and
Lender further covenant and agree as follows:
A. Interest Rate and Monthly Payment Changes. The Note provides for an initial interest rate of 2.125%. The
Note provides for changes in the interest rate and the monthly payments as follows:
4. Interest Rate and Monthly Payment Changes.
(A) Change Dates. The interest rate I will pay may change on the first day of October, 2023, and may change on
that day every 12th month thereafter. Each date on which my interest rate could change is called a "Change Date ".
(B) The Index. Beginning with the first Change Date, my interest rate will be based on an Index. The "Index"
is the one-year London interbank Offered Rate ("LIBOR") which is the average of interbank offered rates for
one-year U.S. dollar -denominated deposits in the London market, as published in The Wall Street .1nurnal. Tile
most recent Index value available as of the date 45 days before each Change Date is called the "CunTent Index, "
provided that if the Current Index is less than zero, then the Current Index will be deemed to be zero for purposes of
calculating my interest rate.
If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable
information. The Note Holder will give me notice of this choice.
(C) Calculation of Changes. Before each Change Date, the Note Holder will calculate my new interest rate by
adding two and one -quarter percentage point(s) (2.250%) (the "Margin") to the Current Index. The Note Holder
will then round the result of this addition to the nearest one -eighth of one percentage point (0.125%). Subject to the
limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next Change Date.
The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the
unpaid principal that 1 am expected to owe at the Change Date in full on the maturity date at my new interest rate in
substantially equal payments. The result of this calculation will be the new amount of my monthly payment.
(D) Limits on Interest Rate Changes. The interest rate I am required to pay at the first Change Date will not
be greater than 4.125% or less than 2.250%. Thereafter, my interest rate will never be increased or decreased on any
single Change Date by more than two percentage point(s) (2.000%) from the rate of interest I have been paying for
the preceding 12 months. My interest rate will never be greater than 7.125% or less than the Margin.
MCFG4W27
MWnSTATE ADA)STA0.E BATE RIDER-1-You 1100111 Index (Aswme04 after IrSU41 Period) Sirgro FlrtYh/Freddia Mac
UMFORM INSTRUMENT
VMPS
'dwlars IOuwer Finendel Servke5 20WN1415.3.2,11W9 J23100420Y
Form 5131 1 4
(E) Effective Date of Changes. My new interest rate will become effective on each Change Date. I will pay the
amount of my new monthly payment beginning on the first monthly payment date after the Change Datc until the
amount of my monthly payment changes again.
(F) Notice of Changes. The Note Holder will deliver or mail to me a notice of any changes in my interest
rate and the amount of my monthly payment before the effective date of any change. The notice will include
information required by law to be given to me and also the title and telephone number of a person who will answer
any question I may have regarding the notice.
B. Transfer of the Property or a Beneficial Interest in Borrower.
1. UNTIL BORROWER'S INITIAL INTEREST RATE CHANGES UNDER THE TERMS STATED IN
SECTION A ABOVE, UNIFORM COVENANT 18 OF THE SECURITY INSTRUMENT SHALL BE IN
EFFECT AS FOLLOWS:
Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest
in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those
beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow
agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a
natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent,
Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this
option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
period of not less than 30 days from the date'the notice is given in accordance with Section 15 within which
Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the
expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further
notice or demand on Borrower.
2. AFTER BORROWER'S INITIAL INTEREST RATE CHANGES UNDER THE TERMS STATED IN
SECTION A ABOVE, UNIFORM COVENANT 18 OF THE SECURITY INSTRUMENT DESCRIBED
IN SECTION B1 ABOVE SHALL THEN CEASE TO BE IN EFFECT, AND THE PROVISIONS OF
UNIFORM COVENANT 18 OF THE SECURITY LNSTRUMENT SHALL BE AMENDED TO READ AS
FOLLOWS:
Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in
the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial
interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent
of which is the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural
person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender
may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall
not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not exercise this
option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate the intended
transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines that Lender's
security will not be impaired by the loan assumption and that the risk of a breach of any covenant or agreement in
this Security Instrument is acceptable to Lender.
To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition to Lender's consent
to the loan assumption. Lender may also require the transferee to sign an assumption agreement that is acceptable
HCFG-OW27
MVA713TATE AONSTABLE RATE RIDER.I -Year LISOR Index (A7aUm40e after MAN Pedoo) "!a FarrAyireddis Mac Form 5131 3401
UMFORM INSTRUMENT
VMPO 05113
Writers 101Avar Financial Se(Wes 2016091415.3.2.3509420160426Y Pape 2 of 3
.y
to Lender and that obligates the transferee to keep all the promises and agreements made in the Note and in this
Security Instrument. Borrower will continue to be obligated under the Note and this Security Instrument unless
Lender releases Borrower in writing.
If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of
acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in
accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If
Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted
by this Security Instrument without further notice or demand on Borrower.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Adjustable Ratc
Rider.
Borrower
Chlell'L Pharris V
Date
Seal
"X6L ?/
Patricia A Pha -ris Date
Seal
MCFC-00027
MULTISTATE AONSTASLE RATE R10ER•1•Year UBGR iMes (ASSUmade crier IMUM Period) ShVe F4mlgr•Fredde Mae
UrefO111A IN37RIMENT
VMP40
Voters 10uwer FWncJal So. -Aces 7016091415 3.2 3509•J20160426Y
Form 5121 3104
05113
Page 3 of 3
17
Planned Unit Development Rider
THIS PLANNED UNIT DEVELOPMENT RIDER is made this 16th day of September, 2016, and is incorporated into and
shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ")
of the same date, given by the undersigned (the "Borrower") to secure Borrower's Note to Wells Fargo Bank, N.A.
(the "Lender") of the same date and covering the Property described in the Security Instrument and located at:
708 Via Lido Nord, NEWPORT BEACH, CA 92663
(Property Address]
The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels
and certain common areas and facilities, as described in COVENANTS, CONDITIONS AND RESTRICTIONS. (the
"Declaration "). The Property is a part of a planned unit development known as
Lido Isle
(Name of Planned Unit Development]
("the PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent entity
owning or managing the common areas and facilities of the PUD (the Vwners Association ") and the uses, benefits
and proceeds of Borrower's interest.
PUD Covenant. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender
further covenant and agree as follows:
A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's Constituent Documents.
The "Constituent Documents" are the (i) Declaration; (ii) articles of incorporation, trust instrument or any equivalent
document which creates the Owners Association; and (iii) any by-laws or other rules or regulations of the Owners
Association. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent
Documents.
B. Property Insurance. So long as the Owners Association maintains, with a generally accepted insurance carrier,
a "Master" or "Blanket" policy insuring the Property which is satisfactory to Lender and which provides insurance
coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within
the term "Extended Coverage", and any other hazards, including, but not limited to, earthquakes and floods, for which
Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the Periodic Payment to Lender of
the yearly premium installments for property insurance on the Property; and (ii) Borrower's obligation under Section 5
to maintain property insurance coverage on the Property is deemed satisfied to the extent that the required coverage is
provided by the Owners Association policy.
What Lender requires as a condition of this waiver can change during the term of the loan.
Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master
or blanket policy.
In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the
Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and
shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not
then due, with the excess, if any, paid to Borrower.
C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to insure that the Owners
Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender.
MCFG-00006
MUITIaTArE PUD ROCR . Single Family • Fannie MaNFre"e Mac UMFORM lmismuMElR Farm 3150 V01
VMPO 05112
lnbaers Nuwar FleanCal SwWees 2016091415.0.2.75MJ IMM26r Pape 1 of 2
D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in
connection with any condemnation or other taking of all or any part of the Property or the common areas and facilities
of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Such
proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in Section 11.
E. Lender's Prior Consent. Borrower shall not, except after notice to Leader and with Lender's prior written
consent, either partition or subdivide the Property or consent to: (i) the abandonment or termination of the PUD, except
for abandonment or termination required by law in the case of substantial destruction by fire or other casualty or in
the case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the "Constituent
Docronents" if the provision is for the express benefit of Lender; (iii) termination of professional management
and assumption of self -management of the Owners Association; or (iv) any action which would have the effect of
rendering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender.
F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any
amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by the Security
Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from
the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower
requesting payment.
By SiGNiNG BELO\v, Borrower accepts and agrees to the terms and covenants contained in this PUD Rider
Seal
MCFG400M
Mt&n9TATE PUD 1b0ER • S rqa Family . FWrde Maa/Fndde Ma: UMFORM W nWUCHT
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Second Home Rider
THIS SECOND HOME RIDER is made this 16th day of September, 2016, and is incorporated into and shall be deemed
to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date
given by the undersigned (tbe "Borrower" whether there are one or more persons undersigned) to secure Borrower's
Note to Wells Fargo Bank, N.A. (the "Lender") of the same date and covering the Property described in the Security
Instrument (the "Property"), which is located at:
708 Via Lido Nord, NEWPORT BEACH, CA 92663
(Property Address]
In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant
and agree that Sections 6 and 8 of the Security Instrument are deleted and are replaced by the following:
6.Occupancy. Borrower shall occupy, and shall only use, the Property as Borrower's second home.
Borrower shall keep the Property available for Borrower's exclusive use and enjoyment at all times, and
shall not subject the Property to any timesharing or other sbared ownership arrangement or to any rental
pool or agreement that requires Borrower either to rent the Property or give a management firm or any
other person any control over the occupancy or use of the Property.
8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or
consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
provide Lender with material information) in connection with the Loan. Material representations include,
but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's
second home.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Second Home Rider.
Borrower
Seal
HCFG•0W47
MULInSTATE SEGONO HOME FIIOEN . Single Fernley . Fannie Maefffeddle MOC UNFORM INSTRUMENT
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Page I of i
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SITE PLAN
OWNER:
LARRY AND PATTY PHARRIS
708 VIA LIDO NORD
NEWPORT BEACH, CA 92663
PH: 714-392-7032
UUN I KAL; I UK:
SHOWALTER CONSTRUCTION
1791 WHITTIER AVE.
COSTA MESA,CA 92627
PH 1. 949-673-1645
EMAIL:
SHOWALTERCONSTRUCTION@GMAIL.COM
LICENSE: CCL-6654380
10DI 1.1 t ill\I. 0[ tile\
160 NEWPORT CENTER DR.
SUITE #104
NEWPORT BEACH, CA
92660
Jodi 949-514-2622
Ally 949-244-5291
CONSTRUCTION KEY NOTES: www.iodiflemingdesign.com
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THESE DRAWINGS AND SPECIFICATIONS ARE THE PROPERTY AND COPYRIGHT OF JODI FLEMING DESIGN AND SHALL NOT BE USED ON ANY OTHER WORK EXCEPT BY WRITTEN AUTHORIZATION
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Inspector: l Date:
Comments:
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