Laserfiche WebLink
<br />83-003731 <br /> <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree .tS follows: <br />1. ~ of Ptinclptol ..... mle""" Borrower shall promptly pay when due the principal of and interest on the <br />indebtedness eviden<<d by the Note.. prepayment and late charges as provided in the Note. and the principal of and interest <br />on any Future Advances secured by thi. Mortgage. <br />2. F...... for T_ aad 1_ Subject to applicable law or to a written waiver by Lender. Borrower shall pay <br />to Lender on the day monthly installments of prinCIpal aod interest are payable uoder ,he NOle, until the Note is paid in full, <br />a sum (herein "Fundln equal to ,me-twelfth of lhe yearly la."" and assessments which may attain priority over this <br />Mortgage, and ground rents ,m the ProJ"'lty, if any. plus one-twelfth of yearly premium installments for hazard insurance, <br />plus one-twelfth of yearly premium inst.llmen.. for mortgage in."rance. if any, all as reasonably estimated initially and. from" <br />time: to. time by Lender on the basts of a.uessments nnd bins ~wd reasonable estimates thereof. <br />The Funds .hat! he held in an in>!itution the deposits or acmunts "f which are insured or guaranteed by a Federal or <br />srate agency /including Lender if l.ender i, such an inslitution). I. ender shall a pply the Funds to pay said taxes, assessments. <br />iosurance premiUITlll and ground rents. Lender may not charge 1m so holding and applying the Funds. analyzing said account. <br />or verifying and compiling.aid ...e.ocsments and bills, lInless Lender pal" Borrower inlerest on the Funds aodapplieable law <br />permits Lender !o make ~\1Ch a charge, Ho-rrower and Lender may a~ree in writing at the time of execution of this <br />Mortg:aJt- that interest on the Funds :shaH be paid to Borrower. and unless :-.uch agreement is made or -applicable law <br />requires such tnte-rest to' be p~ud. Lender shall not he requircd u\- pay Borrower an~ interest or earnings: on the Funds. Lender <br />s.hall give to Borrower. w-ithout charge. an annual ;1cc,1ummg of the Funds ,..howing credits and debits to the Funds and the <br />pu-rpose ior which each debit In the Funds wa~ made. l'ne funds ~jC pledged a~ additional security for the sums secured <br />by thi. Mort/lllge, <br />[( the amount of the Funds held by Lend!!r. t~)geth('r \I,,-ilh till' hHure monthly mstaHmenls of Funds. payable prior to <br />the due dates of taxe!.. 4~\nlents. tnsur.ance prernmms ~Ind !tf{)ltnd rents.. shaH e:li...:eed the ~tmount required to pay said taxes. <br />~nts.~ msurance premiumli and ground rem... "IS th,-~y f.dU due, 'iUd-I c"cC'\.~ \haH be~ at Borrower's option. either <br />promptly repaid to Borrower Of <:rroued t:_. 8",tfroWtf .:.;11 monthl:.' nl~t,lllments t~f Funds. If the ,amount (If the Fnnds <br />held by l~ender shaft not be sufficient to pay rJ.xe~. il,;s.eS__:..mem!l, mSUf3nce p~mtUm"i and ground tents as they fall due. <br />,Borrower sbJUl va:'f to Le.nde-r any Hfi'iU-Um nect:\:\J;ry ffl make up the lldi,u~n{'~ wlthm _~O Jays trorn the date notice is maifed <br />by Le.odcr t-o Bbrrowtr reQ:ue~tms ~ymt'nt thcr!:t1! <br />Upon payment m fun of aH SUfi!. ~e\:urc.d b'\' rh.,.. !\-'f~\p,~..~\'. I cnd~r ":\hali promptly retund w Borro'o\'ef any Funds <br />held hy l..endec If under p-aragrap:h 1 ~ hl:f~~)f the Pro-peri\' t~ ~i,IJ .'r !hc Prn{R:fn- h fltherWl~e iicqUlred by Lender. Lender <br />man apply. no latel thOll' immediatdv prinr h! lhe '.~~k d th~' Pr<.'lf'{'r{). ,l! 11<', .l";"4UlSltlOn bv Lender, any Funds held by <br />Lend.er at the llm<: ot .l1ppik-.al,ion .as: a ~ tt'au agaln\t lhe> ;.urn.. ~(,":ilrt.~;,'i h- lhl.... \h-'f{gage <br />3. Ap:plkation of p.)JIHJJb. Cnk",\ "'ppltcabk Ln;,.' j-'.ft'\ll.h_'!\ ~_'lhlCrVdW_ ,.!I i-'l-.d)"mr.nt\ fC\.'l'l\'ed by Lender under the <br />Note osnd paragraph>; j uud 2 htrcnt ~h;'tli t'I:e applied bv I ~'nl..kr f1l'~~ HI p.H menl ol ;lllh~tHHS pa)'ahle to Lender by B()rfower <br />u~r p.fAjUrh 2 h-creol1f. then {,;) wtc're\1 pa)'ilnk ~~ll rh~ 'dh' ttwn h~ lhc pt!tlopal i.'\t tht' Nt)!C, <'ind then to mterest and <br />pnrK'tpal O'n .i:1ilY Futun Ad""ancct., <br />4~ t"1larwts; 1M.. 80rH'l\4"i;'( "}'l<lH pa\' ,1H l.j\t.~" .,h..C......nh:uh .Hhi ;.!her .. ~M;..;t'\ tinc,,> ,md impo.sitlOns aunbutable h' <br />the PfOpC'rt)' which- may ,,!tam d pnOTU)" p''l''cr \:-;1" \h1tIF"'~c, ,~1\d h~.\\choid p~ymenh I.'r grnund r-c-nt'S.. if .i<\ny, in. l~ manner <br />pro....H:i~d under paraaraph 2. he((~~~ Pt d nut p.nJ m \udl rn.HHH;'! j'I', B~lrnt\!it;l fn;-~ling payment. "..hen due. dtflX'tly 10 the <br />payee the,trot.. B<lnow-ef man rrot'nrH~ turop!.h h.\ f t;mkr .ill' n'.~{:":t:>;' d .,{fiOjJl!f,O;; -due tinder thIS p;uagraph. and ill the event <br />Sor-ro,^~r ':l.h4H mu(" p.Hfmem ..hredh-. fh,)H'Wn....f -.fLaa p:.\~mrth H!t1Hlj,h \l~ 1 t:t"kr !<:'l,..'~ipls "'''IJ~I'Km-R such pa~'meuts. <br />BQIT:Owc,,, \-hlili promptlY d~hargt: ;tOY JI>l:.i1 ,..hh.:h [\;H, rifl{)f!!, "''\;i'~ '1'11';' \1or-~~d~t>. pr\l\ldfii, 1hat R'1frowef ,hall not be <br />reqUtred Ii) du.cwfC' llny \,uJ..:n bOt ....,1. hm~ ;~!> B~)Hn';\...~r "tI.tU It I ," Ill!n~ t\~ l-ht~ p.aymem i't ltle -t~"hgatwn ~ecured by <br />;'\\u:tJ, hen ,0 it mAn,ner lk.'cep-u.blc to I,ender. '..If .,h.,dl 111 j;'1'lo,xt ~ "\IH~~...1 ",h.:h IIcn h~ _ \)f dt'fen\l entof1.:cment of !\ouch lien in, <br />fepJ pn.~eetjm.,gs wtuch urc:-ute h:- pr~l,.-'CtH tht' C!'i!t'-f;,:...nwflt HI ,he 1'1' lot1cJtun.~ of the- Property ;:'r ,my part thert'l1-L <br />S. u...na 1~~ 1i.,1001l\-(;f .-.haH lx.~p In,,"' jmjH"\'-cnu~llh rh?\'l t.~'u..tm); t;t hcn:a:ftcf clt.'c:ed on the P(('peny H\sur.:d. <br />liPJ-USlll'S,1.i hy 6n:-~ halatd:\ IIKltH.kd '.\-Hhm th.;' lcrm -\'''i(~!ll.h:.'.j ,,'-fa! ,,"U'\.j1 ,-,{her hal.ard, a:-. I _cn-Ucf l1i1l)' f'C4lllre <br />.and In liKh -lin1-Qunl\ ;,mo h.n );-iJ.;h }"'<fW.J..'\.t'=- I cti\Kr n"t'r l~~q\l!f\.', ihott 1,~H;kr -,hail not ft'qum:: ~hat !he .lmounll.,f <br />'iUdll..'(Wer.agc exceed: thai ilmnur;t i~! ~'-n;.n~e h~q-'~;I~tJ h) ~'j:\ ilH.- ~~HH" ,,~~,:!n"~~ct r.\ tht\ ~hHI~3~t'. <br />1bc- liUUf1UK"e \.~...rn~,. ptlwidw", the i!'!sur~n;.t: "h,J;ll h<. "th}"'>t'I1 i-y. nnrro""~~r ',~:b-I('.:t h'l aWro'i;t1 hy 1 t;'tt(j(:c f}f{lvldcd. <br />that MKh app-cu\'at "h&U not N ~mt"Ca.\f,nitnh~ ;,l,.HtltH:ld \H p(.:nH\fln, ,-,n m~U:>AH~(" pi,)ticn:" ."hill ti-C p.nd III ~hc manner <br />p-roYrdod under p~.ragu.pb 1. t:rt'.fNl -Pi'. n..)i p;mi ill :'>0.,,:[: nl",,-im~~! h',- H.,Hf-\)YoCf nua...tnf; p3ymenL wh~n due. dlrcdly tn the <br />1tl.IUfaa"'C carner. <br />"-\-It insura&,"'(: pohcte'li. and f~fKW~h U~n-:'uj >,h.::li lx In h,rm .h:..:.:pt"thk 10,\ I ~::nd\:'l ..lml \ru\1i l!h.:luJc ,\ ",wJhbrd Hwngage <br />~la-U-H rn f..V{u' ~)I ilind m h)fm :.k.:~t:pta.hJt' {(,IHk.r I.:;\tk: .,h.d, h.I'<",,' fhe ~:!{hl tll h\l:ld !hc pd!;':I-e'''i. ,lilt! n:nt'wah thereuf. <br />and BoI'Rw.-ef sha.H pt'ontpdj- tutm~h hJ tcndc:f' ~IH r'l.',IH''Vt,Jl t\O!h:C"> .tnd ~-dl h~;,.elpl~ ot p.H~ pre-OHlin'" In lhe event ~!1 lo\'1i. <br />Borrowc:t shaH Ilve pn\fttpt nnU,... w th~ lJhUL<'Uh:l.: "af'!lt.T jlllj ! '(.':nticr I t:ndt.! t;1;:n lHat..c PH't'! tIt Itl'Ji,) Ii fh_\{ ru.HJe rH'\\fnptt) <br />by Borrower. <br />Unia6 L~' .md Bcno""'\lf tltru:rwi"" ~tf<\': H\ \<l.fdmg, In'''~Hill~1; rrc'~~c~J... s.h~li bt.~ apphed 11,1 re~t~)(atjon l)r rcp~tir of <br />tM Ptt..1-pc:tt)' darna,e-d. pro\'H~t uil.:h re'h!faIHm uj l-':pi!lt f:.. 'l.".,'I.'IW1Hh.J:Hy lc-~~stbk ~H}d the ;.,e;.:-urHy l..d thl"\; MOTtgag(: l~ <br />nut thcti't:by Im~lred, H \l.A:h fe~hJT"tu;__n ,:l[ n.-:p"H i~ Ih'i \~,,:\'jwnH~:<tH\' l\~a'Sjhle .:,If !! lhc \-C'cutH} Hf ItH\ Mongage w(luld <br />be- i.m.palfed. the in$Ur~ pn,li..:ced., ...h;111 he- i~ppht4j Ii.' th~ "!:lUllS ,,{.,"\,:tHC'tJ by !hl'\ .Mt)rt~a8c. ~....tth thl' ~\.~e:s~. if .in)'. p.!ud <br />to Borrower. U the.- Prope:rn' J:\ ahal'JUt\n~ hI. U.Nl0,"'('f. \'1 ;~ l:kJHlNCr Cub ;\'< H~:"!-rx,:H1d h"-1 Leooer Within 30 days trom the <br />dale uouce u. nlatkd. b"f Lender tt,\ ~u>'Ou..'tt t!H'l:-t 1he ,H:&urMh:c ,,-J.ft!Cf (Hlef~ ll~ ~uj~ ;1 \.:!ann for In~Ufaru.--e r-cneth-s.. Lefu!er <br />ti authorized to collect' and d-ppty t..he W,"Ufan-;.:e r'h)c~'!o ..tt LC-H~kr OJ i.\ptH...tn cunc! to ft'3ttnf.ltlOn 'i-'f repa.lt of the Propeny <br /><'f I<J !be ....... """"red t>y tl\.. Mortga&r, <br />Unlca 1...c:'Il\'ie.r and &.'11:'1\,:n5.er (1the.("<<-t~ .Ag~c.e Hl .... nHfig, ,HH "'l~,:h Jp-ph';';U:kl1<fl d pn'(:l'cds hi pml\:ipal 'fhaH not \';\Icnd <br />(If ~ the du<l' dale t~! tne mOfHMy lnslaHment'\, idcrtt'd In H1 p.';\ragr;tph... ! ;jn,J :: hercd or ('nanJ;:c {he am~-~unt 01 <br />~~ tttaW\mtilbL It undc( panlJI'ilpt1 is her'cot the Pl'npert)- j', d.';1.lU-jf;;~~J fl.)' Lend\.'f. <d! nght. title and mten."st \l! Horn'\\cr <br />1ft ~Ad_ to an)' UlliUnUtl,:-e p..-~hc,~ a.nd: in llnd t(. the pn:~~ ther<<tl re-~uHm-g {roin ;jMn;ib~ h~ {he P-I'\'1'pen~ pOOl' t(\ !hi;; ~'!k <br />Of ~wsjtl\m lfwlH ~ In t~OOe-f 10 lhe extellt 01 the :\urn~ :-t::o.::Ufl....d l~~. 1ht\ \hlrt~Jgt; lnw'lct.haldj pO\.H !,:I ~~Kh \.ile tJr <br />a<:qUlIltioo. <br />... .........lIlioo.""" Maiate_.., "I "ropcrt~; 1,...-11<...., n...dominl.......; Planned \;nit 1><:..lopAKnt.. fh',ro"", <br />;Aa1t ~ t:h-e- ~ to ,QOd repair ->*nd "haJl f}\)f ",:-omm.it '-\as-le vI' pcrtlUt impairment or d(:{CrKlr<.\u,.n of the Propeny <br />and. $b.a.U \::-On\pI}' with- t.M provi~K't\ii tJ( an)' lease ~f HH~ \hntg.tge:: I" \)0 -i.\ k;,~lwid, II tiw.. \ft.Hfi?"*j;C I) on ,\ wut Hi ~l <br />",~tiUUfn or a p~ unit de\'ek~pnlt;:tU, &tft.~Wef ...naB rX"rlNttl ~I.H ,-~t U\)rr!)~er\ d~JlgaW)n!!. tl!hkr tht" dcd.1J"J.th_1H <br />or ~l Cfetiuq: nr it~vermng tht j,:Drn.h..1-fHlfHUJl! .n planned umt lte\'-eIt'}pntt.'HL tht; r.y-lri.~" i-H1J ;t'~~l.lI.H~(ll}" ,If lhe <br />~ J.}f phmtWd unit .de-;eJ~"PlU1:m. ;lnu ~-onstltult:m d.,x.:umcn~~, Jt.t (:~Hl<.hll1Hntu01 or pl~nn\"q brill ~k\;dnplllt,..nt <br />r. -i#. ~~ by B()t<<'p~'u ami r~,,()fdttJ hJPf:het ....Hh lhr.-, .\f\-)ft~agc, ;he l,;~~\'en:Antli. ';illl,f ,tgrt:<,m-enl'j .'{ "-Il...:h !,~kr <br />..w bet. i~'ated tntu lltni lb.ali a~nd l.lHv 4UPP{1:.mcnt tnc (,l\;CU3t1h dod i,tgf~mcnb I..!r fhi'" Mung-a&tc .I' d lhe ndcl <br />_" jWt WOIlf. <br />,~ _~ -of I~" Secwity~ If B<}tro~~r Uu!:;' 10 pt'fhlrHl the ('(We-nalH~ and ;\gr(,l~nwnh ":\lrlti\lIu."ti m !hl'l, <br />~ {'f if aay Kl)OO t.'If' prl.lt.-~nJl, ~\ ('...lttlnwo~ed Whil,;h m.l.er.iaUy i-tfi'ech I..t.HI.k'r'S \!lt~fc\.t tn tht' ')IOJXfh-, <br />~-buJ, flQl bmtlCd fU~ t'm.uiCnt dmnaitL m~\'(:fM..~)' -';.i,,'l(k ('nhl!""emcnt. ~'r <tr-f;'m~(':m('nt~ ,1! l"n""""',,hl1~'S ill\'uh.lllg ;\ <br />b-W.;n.tpj or ~ thclll~t' at .L.flnk:r'l!> o-p1Hm. upon fl{JlK-(' h'~ Borr~\""\.n-. t1Hi'\' nntkc ~Hdl tkrpeaf~Hli:("" di,hu~ 'HKfI <br />~ and ~ .udl .-.1.iaA .~ ~t t!~li'ta;-)' W phJf.e-..:t te-m.k:r'~ !fH~r("\-t, ,nduJUI~. r-m lll)f iltlHtcl',t Il', ;,Jui!''1m'S'l'mt'fH "J <br />~ .~'J c.. -8otld entry Upotl tht~ t~l"(\pen" to Hl>>lt- rt:'pi(H~ H 1 \'Znm.n- n.:"lIJH\,:d llh'H~~ trl~Hu.n~... .~\ ,\ <br />~~ m ~ fhe_ kNt.n ~ured hy thil M(tf1....F. fk:~nH~!iet s,naJi p,a.~ ~hf; ;'I!'\'HHUtU'I> requll'l....od h~ malni.tin \\h..h <br />~ ~'*t dtKt ~'W: -lJAb ~ ~ {fit" requifV'.t'llCtN tfX ~_uch ~n1OUt~"1; h'rfn_Hllrlit.':, m ,)-C~'erdafK-,(' "'ltb. fk'\rrl,l-wer'.. .;:.tnd <br />