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<br />r <br /> <br />83;;00 005781 <br /> <br />r <br /> <br />L')'oill '*,\1 ('tAl :'. \N 1 ~ U~II'f('lwC'r and l.ender CllVcnOlll ,1mi' a-,I!ree ;lS foH()w~: <br /> <br />I. Paym~..t of Principal and IntL'J"esl. BOrrllv,cr ...hall promptly ray when due Ihe pnndp~t1 01 ,IlHl IOtcrc~t t,lll lhe <br />Jl1dchTcdm:~... c\ldcnl'ed by the !\iNc, prepayment anu lare I.:halges ;l~ pnwided In the Note. and the principal of and intereSI <br />on any Future Advance:>. secured h~' thl~ :\-h''lffg.tgC <br /> <br />2. Fund, far Taxes and Insurance. Subjl.-,{;l ((1 f1pphcablc law or [0 ..I \Hiuen WaIver by Lender, Borrower shaH -,;pay <br />to Lt:nder fHl the U;IY monthly m"itailmcnts of prilli.:ipal !md Interest are payahlc tmder the Note, until the NOli..' is paid in flin~ <br />.1 sum (herein "Funds") equal to I..:mc.twelfth oi The yearly taxe" and assessments which may attain priority over this <br />Mortgage. and ground rents: on the Property. if any. plus one.lwelfth of yearly premium installments for hazard. insurance. <br />ptus \:)ne-lwdflh of yearly premium Installments lor m.lrtgage Insurance, ~ any, all a:; reasonably estimated initially and' from <br />!line W lime- by L~nder fin the ha51~ o-f ~S'i.eSsmcnf,s J.nd hills ;tnJ reasonable eS:Ilfilates .thereof. <br />rhc Funds &hall he held in ;10 lns.tinHil)O th~ dcposils or Jc,:ounti;. ,)t whu.:h .Ire IOsured or guaranteed by a Federal or <br />...Iatc agen("\- I mcluding Lender it' Lender i:-, \th'h ,In instilutinn l. l.cnder ~hall apply the Funds to pay s.aid.tax~. assessments, <br />m~urancc premIUms ~md ground r~nt'i L~nder fH;)'Y nor charge 1\'11' '.i-O holding and .lPplying the Funds, analj'zing said a-ccount, <br />Of venfymg and t:-ompi-Hng :1)4iid a")-S~ments and bilb. unless lender pay., Borrower interest on the Funds and -applicable law <br />permits tender tel make ~u{;h a I:harge, B~~rwwer and Lender may .tgrcc In writing at the time of execution of this <br />MortgiJge th.lt Inlt.'rt;'~t (H) the Funds ..hall he paId h) Borrower. ~md unh~$,~ such ~l:grcement is made or applicable jaw- <br />reqUIres <ouch jnt~r;:\l to he p;ud. 1.cnd-cr ~haJl 11(11 he rC~lUlr~d to P:lY Rorro\"'cr any interest 0[- earnjngs on. the Funds. Lender <br />"hall gIn,' to HllrrnWL"f wIthout ch:trge. .lfl ,tonll;l! ;li.:CUuntlng (II the Fund... \howing credits and debits to th~ Funds and-the <br />purpn,>C' hlf v. tu..:h e,lch dd."ltt tn the Funds '.\., '1" made. fhe Fund1. ~lfi: plcJged U~ additional security for the sums secured <br />hy tht~ \Inru:!.u.:-c <br />. H the ~t;n;unt of the funds. hcJd hy L:.:n-dcf. rog~:!hcr I), at! the future monthly inslaHmcnts of Funds. payable prior to <br />the due date:'. ,ll l.tXC.., ~4s...e"j~mcnb. msuranCt; prcmmn1S .1llJ ground rents, ~hall c.'\.cecd the <inlount reqmred to pay said, taxes, <br />,-.s,5.es..~menh. iOStWml..:t: premIUm... ..md ground rer.h J~ thc\ uil Llw:. stich ~-'C~S..'. ~hall he. at Borrower's option. either <br />promptly r-ep-aiJ h.1 Hornw..cr or ';Ti'dned h) B..nn.H\'er (,n n1CllHhly in"'laIlmcnh of funds, If the amount of the Funds <br />held by Lender "haB not he $.UffiC-U~I {('I pay (:1-\('.<;.. cls-se-;smerm:, ;;'''U(ilm:c prcnlltlms amI ground rents as they fall due. <br />Borrower ~halJ par to L~ndcr any amoum necc<,..,an, t,~ n1;lke up !he JI.:n-cu:nc\' within 30 days irnm the date notice is mailed <br />hy Lender tn HOf((1WC-r fl.;'4ucsrmg paymenf tn{,'rE"I'[ <br />Up.-":'>n P3!,1l'H;'tH In rull lA ail sums ~...'ured 0\ :h:<" 'ltlnng.Jgl,', ! '-'llllt.'!, "hall promptly rdund tll Borrower any Fllnds <br />held by I-C"lh.!er, If imder paragraph 1.. hern'll !he Pr.'pert\ l~ ',.,1.1 ,ll The Prn~rl\ I" lHherwp,e- ~-.:qtlJn:d by Lender. Lender <br />.,haij apply. lit.) I.~tcr IhJ.n mlmt.'UI.:tICJ\ poor !t' lhe "lk ,'f lh~ l'wpt"rt~. nr 11'\ .h.:qUlSIl10n h~ Lender, any Funds held by <br />I.ender iJ[ the I,m" ,--'i .1.PPIH.:.uion ,.I:' .1 ...~(',--ht .t~a-llls! t~~c ~Ilnh ",~..'\!r..:d h; !hl'. \tongagc-. <br />J* .\pplication uf P.)menr~ I nh,~,,-.. ;4prih'::ibic 1.i\>' prp\ ;,.ic:-, ilUu:r\\l\l'. .Ill p.1\"mcflh rcccl\'c:d by tcnder under the <br />'ote :.Jild rara~raph", J .md .; !-'h'fcot ..ruB nt' appilcd h\' I c:mkt fa;,: in P,t\ melH ,'d amounts payable fl1 Lender by Borrower <br />under paragraph':: hcreoL !ller.. l.t) lnl~rc"d p;iYi'l:hll~ nn rh,-,,' '\:'-~IC !hcn I,' 1h.; pntK1rU! nt the N,'JiC. ,!nd then to interest i.\lld <br />pnm;.pal PO .in\' rtHun' _-\d\-al\~c" <br />.f-, Cluu1tfi: Li-e"~. H'.lf'll'.....t:; <br />lhe Property ,\'hKh mas :!!l.Url.1 \'; ,\~'1I\ <br />pro\'id-ed: ..md~r r.;tr~~I"tph :: h;:rt',~t <br />p.l)'<<" lher\,."tlf H"'il.l\\-C'r "h.d] rr,,"mru,-, <br />Horfl~\\'ef "h;.jJj nute {'J\ !1l;:n! J!,...'... ~ <br />BI}J'ro'",'cr ,JIJ.i! pH~n'rljy .":1'0, L.l;-.~",' _,." <br />,t:-quHcd h) dl~h.-H ge ;>11) ~lh. 1, <br />.-.uch hen In d manner- 'i:~\:;,;p~J:hk' ~,' i ;'~ldc: <br /> <br /><< <br /> <br /> <br />5. Haurd Im.ur-aru:e. H"fr<1\'~i ...h;iii ~_I.:t:l' : <br /> <br />;',1\ d: "-'''...11l,''1\-. 'Ill ,'lnn f\.lfC':.. fine.. "ud ;rnpU\uh1-11'\ attributable 10 <br />,\,','f !Il,,, \h'n~;tt<!t.' .d1d k',hd'!\)id r.i\m~n1\ Ill' j!!'otlnd rC'lH~. if allY. III the manner <br />l',~t i'1.iI\1 '.l.!d, nt:fllnn h\ H.in,'\\',--'r :11.1t..Plt:, f',I}THt.'nt. ,..hen tille. ,ilrc{~tiy to the <br />;;,rn,',f' , ; j ...:.hL.:r ,ii, ".'\ILe., lllh)linh ,jUl.' dmh:r lhl.. par;igraph, ~lnd In the event <br />Bp, ,'(."!1\;':)\ ',,:!H-h (, 1 d:dt'l re..:t'IPh ,:..llkn":Hl~ \w.:h p;~yments.. <br />~ :;'1' \fi1rt~,1.>':"" "hH'j,-kd, ,h.ll Blltf,'wer '11;111 no! he <br />',;\;!. ~;' (1,;..,' !,:l\nwnt pt the Itl\IHt,llhltl '-.I..'(ur-ed by <br />..,; :'" :.; ,~cl;,'f1d <.'l1hlrCl'Tlh:'1l1 ,~! \\1en. lien In, <br />f ~,'!,!;':j!~H~ ,or li!t" j'f,lpt:r1Y ,'l ,\>1\ l'an lhcrtot. <br />'\l'f~'.d1l:t ~'f,--..!cd t'fl !he Pr;,'pCfl\' IOl,ured <br />,':lH.', \u/"ro.. il" Ll'{idt.'1 111,(\ rl",,,jllIre <br />i\'",lHfC IftJ.1 the "lllount 01 <br />\fdl! .~..ll!l' <br />11"r,,'\' ," 1hlt'\.f il' "PP~l'\,11 t1~ i ender: pro"lded, <br />,I,");,.;,' I','lh.tl". -ti"il hi.: r.t,,! ill ltlt' rnannct <br />l1 ".,Iet !'laklH'~ pd' nl-=nl. '....h~n due. ;\In,',;:ll\' to the <br /> <br /> <br />legal prn..:n:Jll;l!'} \'vhh.'h \lP.i.:f,t!t.' !,' ~>:~-\,-:nl <br /> <br />,tgOUhSI hJ7lo!> !~\ hre. h,l.l~nh p....!li.,h:d ',. ,In;;) Ih,.: i <br />:lnd H1 su;,;-h THn~l"nts. .~H,j '-.'~ ,; ,\..:r~,'d, .n l t:~:;.,~' <br />'ud. ':<..H-'ef.lgt.' C\.:\.'cJ Hi;;: ;.m. ,;nl " ...-;",,;.;..:. ";i.: <br />U,e ,!i:ilJralh:c ...,.unt:'r Pll'\'ld::;f.'. ,he d\,>,,~ .ih."- <br />Ihat "-l.kh appro.n.al --na.H 0,1t i-'-t." . '~~'.~.~;'l .~ iln~ll-Hi <br />provIded onder p~lr;t~nlph ;. Len',"t ,',. '" <br />1 ll;:,uranc-t (atner <br /> <br />\ . <br /> <br />':-1,111Ih':, <br /> <br />An inMlrao..:t: ;"\,ljldc",- ,1l1;J ,C;).'.~,t)\ lr:t:ft"." <br />dau:;;e ;0 L!v\lr d ;wJ III h__';-m <br />,1nd 8orn.)\\,cr ...h,:i, f't...'mp-tl\ <br />oorhw'..er :-.,fUU ~1"~ i"r\,\tnp~ h~'h>.": 1.' d1'.: ':j~";J.i,.i;~~ '- fI'- <br />by Bl'\rwwcf <br />L'nless L~'ndt:r ,;llJ B(,u,'\\~-, .'tn;;r,\,~-\,' ,1;.1H,'e' ill!. : ["r\;..~:;.:d.. ,>h.lii be .lppi,,--,d ;\\ il'\!.1f,tt!OJl "f rcp,ur l)! <br />the Propert) .,iau,ag\'d, rflhldC~1 '_;~.h :,,'ql.'l~;b'n 'o:r.lli'~ ~'",."I,jnH'-.1ii__ ',',l,1!',~' md Hh' "'C..Ul'i(\ \J! lhl'> .\lort~J.gl: "'- <br />!lOt fhefeb~ Imp,dlrCll, It ...u...:h r;:"hl~,'.i,'!J ,"I (I.:l'.tlr <,:,,'<'ii<'lll'~,l'.' ;(.\..1:'1;.' ," lhc '>l'dlfi!\ "I Iht" \l"rt~..1gl' wnuhJ <br />he 1.l11p.lllfCd. the iI'lliU(J.nl.:'C pf\l...-.:e,l', ,h.dl he: ..ppht::'d 1_.\ lh,' 'Uiih ~c~'~:!.:;j . itl,.., \h,It~,*gt;. -,.,<1;'01.; I.:\\..'-'~,~, =t ,1(1\. p<uJ <br />10 8onuw(,f It the Pro{)cf!\ b- ,t(",l!h,},-'n..:,i ~';. fkr~_."\\.l'r. ,.' rhHl~'~t.'r I 1,,"PI.WJ h' I ,:nJt.'1 wllhnl JO JJ\\ twm tht:' <br />.late OOU\:'t." I' ma.lk'ii h\ l.~nder 1,' H..irh)",cr !h.t! ,h1.'" dl,:>liLllh.:\.' ~,lfJ'(~t .>!kr~ 1, ',";:!!l.:,' ,:i.llnl!<'>! 'i,UrarKl.: ~'cm...lih. I.ender <br />III autooftz.ed h' .:-..'!-Hc-ct' ..u~J .:tppiy the In...ur~H!''':( ~~;;'..;et"J, .d 1 t:;hj~r ' ,IPllPl1 l.clthc[ h.' r":~hH',dll\!\ ,:L' 't.:p~H'- ,'f lhl' ~)ropen~ <br />,)t to the s.ums :,c:':\IreJ hj itU!!! Mortgage <br />Unk~ Lender J;nd 8vrrt,1-~'et ~"rhcr\\ 1"j,: ,tgn:t: '" ..\ i ,:In.g, ,1[1\' ,-ud, ,liTih....:;a1f1 t,j pre>..:ct.'J~ {(, pi il1..'1;1;ll ,hall nut t'\.leno <br />~)r !--'\{)$tpohc the -due date {\l the n~'-'ll!nl} lO~tdlimC!ll' ,-.'fl:rf\.'tJ h) [i' p;lr~;.!otr;jp-h" ,H~d 2 hert"\,i ,': ,-han,e<.; !hi..' ,lml.hmt \)t <br />such lfistaiJrnems. If under paragrJ.ph j ~ heft-0t the Fr,-'~rt\ ,--,. ....:'-!ll,!cJ 0\ L,,'Bi.kr fight. \:tic ilnd l(lt~ft.':'!l {,j Borrov.cr <br />m and to 0Ul}' m~Uf.ath;~ rx,hc,o .ano i1l ,wd 1,-, [hI;' r(")<':l.'1.'J~ lh~r(l.'l rt'"~lli;Jt1g !;-1'1'1 ,,~.lln~lgc: tl,) the Pmp('rl\ pnnr h) the ~.llc <br />L~r .ilC-qUiSlUO-n ,haH p-au w LcnUef (P !he 1:\l';:iH ..t the ~um'!> "t':....-WC'd b~ ,hi" \!~\ll~,(gl.: ,n,r~lct.ilalcl~ pnor h' "\l~h :o:.alc Of <br />acqumhcm. <br />6.. Prftcnatioa aad .M_htflilU'K:~ u-f P-ropc:r1~; Lt-awbohb: ('ondoIllJniutm.; Planned l'n.it n~\.r.lopmentJh BDiww.:r <br />:\haU keep the Propeny in go.od repair <ind ~ba11 not ('ommit ~ ;n,te \.'f permll Imp~Hnn~!H C>! Jelcrh.ratlOn ~)r the j}roperty <br />and shall 4:ompiy- with the pro\'i'Slon~ of .my iease d In,,,> ~~('rt.gagc I'> ,--'n .i ka\dH'id. II !h... ;\.t(l!t:::ag~ t.., ,lH ..I \HHI In a <br />~~ituum (If ,j planned unit *".eiOpn)cnt. Rorrvl.lr~.t ..,ha!i pcrhJrm aH of Borro.__'wcr'~ pblig.iHl1!1!t unJ~r the dcdaratu:m <br />Of ~.OVtma.tn!- ..:-t~atm-s. t.1t gO\lerfUng tIN: ,;.nl1~hmHnWm \!i pl.mni;d l!!HI dl."'iclnprn':llt, Ihe h\..!a\\'... ,md re~Hlllflons ",1 lh~ <br />,c..{):tldQminn,un of plOlnn<:d unit t.k'\o'dopmel1t. .In.d .:on..tihlelH l1o(.'uml.'m~ Il..i '-Imdnmllilum IX p!~lOncd unit de\;dl~pment <br />n_ Ii ex<<,-vtcd by DotnWr'cr und f'cco-rdc--d h>et-drer wnh Ihl~ Mdrtg,age. the ~o"cnjjnb .:Inti ,J;greCmCl1h l)I "u.:h rlder <br />~9aii be: i.ocorpot&;cd ~nto and ~aU amend -'And "tJppkm:~Iit the CO\Cnanh ;Vit.l a~.-c-emt.'-OI:l. \,II Iti1~ Mortg;.tgc .1:0. d ~he ridt:-f <br />*<:fe ,J, pall b,trev!, <br />..t ~dea of lA.......~. If twtrO'W'ef [;Hb ~,' p~fh)nn {he- ...ovcn.anb .inJ "grccOlt:nl& \.\}fll,iHlCd In thl" <br />~lJ,lI.p:. i.l! il -iUl~ ~bon .n P((X..-L~zn. ,';. <.:o-mmf:!l:1;,C",1 ""fll>;h tn.licfi-a.Uy -,llk~\.YiS lender." lntere-Sl in the Prnpeny, <br />lQ(;t\.Wns~ h<!u ik:Jt hunted l(J, c-mnt-eol tkttnaw, i!t'ii,ll\"t:tl-c}', c;"de t'ilf-iJ!'cemenL l'f at'nmgcmcnt~ ,'I' p!"\1{'ee-di"~1lo 1!1'o't,IVllllt i.l <br />hlw&.rupt Of dc~~1Jen.io_ then tr.nde-r al l.e-.wer'... llptlnn__ upon H(ltl-(-C lp Bnrnt\!,.;[. ilHlj. lH~ke Hh--h iirrc'dnH1Ct"~, ,~I.'~Pllr!l-t: :'Olli..:h <br />\<um~ ,;\nQ J~Ii.. .<<h ..n,:UOO 4.'\ if- !t#<,;CIJiJI.arl h) pf\~Q.;t l. endc(~ 'rH'!:H,~, ;fl.,':UdlO!!!, hit lH1t kmHcJ 1;."\, ~bburS(Nlwnt nf <br />-t"{,"'.I,i1~ .,;-U-on:~c)-",~ fi;.'"1C~ .>trl\l enu)f upon tf-."e }"rt;pt:,ny 10 m~\kt: 1: 1 t'nt.-kr tr-41!t{~'d in,}n.~~<: H1...;U;H'H.:C .t:> " <br />d.'<f'l;.;;4t~~T!). i'1 rUJil.HfJ ~b't laao ;,.,;....WtiJ b)' lnt$ ~'h:..n34,g.\.,-- U{lfJt.~~<( P;1\' ,he j'I\"f!lllHH.'> :!~'iWli':-..{ h> 1Jhtllll,Hl 'l.l),:h <br />"aw.-t.6l:C in d1t'(;t ',~Hid :;u,,;,h t!-~ ;4\ Ow 1i.'>\ttHftlU<fif fo~ su(h ~n""tH<tft~..(~ 1".!n\;(1~1~" ;" _-h:.:,.Ht.li-\rh..l.' "d.b J\.\lr,'\'>-\:I"" .IOU <br /> <br />.~ j ~ <br /> <br /> <br />-,!:,ni . lnd,n,j nl1..lng;lgt: <br />i'",I\ll~~ j(lIl r('(1l:''I.,i!., thr:rc.'II, <br />:'.nd ;\rl'H1H111h : lht: ,,:', l"'lIt ul 1...",<" <br />'\.II_I.' i':' ,,1 ,.\ i\'",> t1 itl,l. {i),II.!;: pr,ln:pth <br /> <br /> <br />;d.:r <br />