|
<br />r
<br />
<br />84.....1 00311:9
<br />
<br />UNlFOJtM COVENANTS. Borrower and lender covenant and agree as follows:
<br />I. ..~ of .......... ...-. Borrower .hall promptly pay when due the principal of and inte....t"'Hhe
<br />mdebtedness evidenced by the Note, prepayment and late charges a. provided in the Note, and the prineipato! andilltcnlt
<br />on any Future Advances secured by this Mortga,.,
<br />1. ...... for T_ ... 1_, Subject to applicable law or to a written wai....r by Lender. 8o_er......'~y
<br />to Lender on the day monthly m..allmenls or principal and io'or..' aro payable under the Note. until the Note'is paiil'cln:full;' .
<br />a !1Int (herein "FundlK) ..qual to one-'welftb (If the yoarly ta"es and a_nljwhic!t may allabl. priorilyoYe!}h,"
<br />Mort,,,,,,. and ground rents ()(llhe Property, If any, plus ",*lwelfth of yearly premiuminstalltllcntl,fol'lWa'llt'insptil~.
<br />plus one-twelfth of yearly premium umallmenlS for morl~1!" insurance, ir any. all..~bIy..llnlatedinitj.all,and.~'
<br />time to time by Lender on the basis of asseaments. and bills and reasonable estimata thereof. " _- -:--">,:..-,'
<br />The Funds sball be held in an instillllion the deposits.or acrounlS of which are insured or suaranleed by""'.,,!)f'
<br />slalo agency (including Lender if Lender IS such .n mslitullonl. Lender shall apply Ihe Fund. to paY'SaitNa.ca;~i
<br />insurance premiums a~ ground rents_ Lcnde,r may not cbar-ge for so holding and ,applying,the Funds, anafyzing:uld:'~~
<br />or verifying and compiling said ......ments and hills. unl..s Leuder pa~" Borrower illlerest on the Punds and.applic:a.clliW
<br />permits Lender to make mch a charge. Borrower and Lender may agree in writing at the- time of- execution--'~~-:''-t~'
<br />Mortpte that Inler~t on the Funds shall be paw to Borrower. \lDd unleM sucb agreement JS rrtadc-~,ot _~,afJPUca_-'-;:~_"wcc
<br />requires such inlere'" to be plUd, Lender .hall nol be required '0 I"'Y Borrower any interest or eal'l1irtgol on ~,FIlIlds"'LeDder
<br />:;.haJJ give to Bo-rrower, Without charge., an annual accounting of the Funds "hawing credits and debits to,the,"Fundl<ancLthc
<br />pu-rpot.e fM whICh each debft 10 the- Fund$. was made. The Fund~ are pledged il1\ addition-a I security for the:$ums:: seClItCd
<br />by this Mortp",
<br />[f the a.mounl of' the Fundl held hy Lt:'nder. h~ther ",uh [he futlire monthly instaUmentl of Funds- payable-"P'fior to
<br />1M due: dates of f:un, aueumenb. Insurance premmfm and ground rent~, shall exceed: the amount reqllired to' pay lai:d-~.
<br />ll.Me&'!IBlenlS, m5uranee prem!Um~ and gro\md rent"'- ,l' lh1!'\' f'aU due, such excess sbaU be.. at 8or:rower's option; ei~
<br />promptly repaid to Borrower or >':!"ed.!lcd 10 Borrower ~1n monthly Installments. of Fundi. If the amount of the .,Punds
<br />held by Lender ~h.1i not be -sutfkie.nt to pay ta'\ei, a,S8e~unen.f.!. lff<o;urarn:;e premIUms and ground rents u they' t-afl.'o.dUe.i'-
<br />Borrower 5haH pav to Lender rtfJY amoum nece"'l.ar~ to make UP too d-cfu:.umcv Within 30 d3VS from the dale ootiee.is mailed
<br />oy Lender !o Bo~v.--er re.questtD',g payment 1 her-enl - .
<br />Upon p'4.'Ymertt In tul1 ~"lf aU sums. :'i.CCtm:d b,' ~hl~ Mongage, I cnd~r shall promptly refund (0 Bo.rr-owcr any" Fund&
<br />held by L.ertder. It under paragraph I ~ he-r-eot Ihe Propcrt\' '" ...'-id \H lhe ProperlY Hi ofherwise acquired by Lender. I.ender
<br />l>baJl apply, no later than lrruned1a:t.cJ,,' pnOf w the '~a.le o! the Property or m. i.H.-qulJltlon by Lender. any Funds hekt by
<br />Lcndc,r i:l.t the hrne (If .~pphobon J.'" a aedtt aga.mu the .\ums ~U.f'Cd hy ~h15 M,ongage.
<br />J. A........ of Pay~ Lnte,\;s app-hcahlc lllW pn':-"'lda nthcf\4ll.~.. all payment!> received by Lender under the
<br />~nre a.nd p-a.ra~lapb\: J ~md 2 hereof ..hAil ~ applied b\' 1 curler fin! H) p-ayl'l1Cim 01 .amounts pllytlhle LO lender by Borrower
<br />ander paragraph "2 hcrco-t. tDe-n h.1 mlcr~l pavable iH'.\ (he ~(}Ie_ lhen to lhe pnoc.tpai of the Note. and then to inter-est and
<br />pnnc.i.paJ on .aoy Future ^dvao~.
<br />4. (b~ lJe-. fiofTo~cr '.h~ll! p~!" .ll} \,1\;:"". .~"lO(~'H'!lena ",nd "th~f ,-'harg~, fioes dnd lmpos\tlons aunbutab1e to
<br />:h(! Property which may >lwun a pnornv f''i'Cf !fU'i, M~lrtgage. -If}!j ie.ascfw.!tl pa,'nu.':nt.s pt ground re-nts.. jf .any. to the: manner
<br />rrov.oed under p4n.gra:pb 2 hereof" : nnt p,;Hd In '1ill"h m.armC'f. tv. HmTt1we. ffi3Klll!o\ payment, when due, dlrectly to the
<br />payee the-met Bi)Hvwe.r ...lu.H ~tmmpuv IUfU.l"\-h td I.cnl.k: ..U fi.(\fl\.:t.':.\ pI .)o){l\mb due under thn paragraph. and in the event
<br />liorroVt-'(!.f ..hall mak~ pajiffi;t'-!H \iUt;dl\ nVfH'>*.Cf ,!'>.a!i pr.:1Jupth hJrfH:l.h i<.l l.ender re-.celpn ("ytdenClft~ :;.uch payments,
<br />BorJ'O'W1rr "haa promptly dochM~ ail';" h~n ""-hKh haa Pfl4'fHY m;er tht\ Ml)ftgagc, pn.rndcd. that 8orf\.."WCr ~baJt not be
<br />r-e-qUlnd 1.0 du;:.n.uge 4U)i ,,-u{:h Itc-H .....,1 It.Hlf .)~ bi,~(!f)W('f \.haH .:git;o:- If' \"dltl\i~ {() the payrnent f..f the vb-ligation I)c-cured by
<br />~.ucb hen HJ -i! m:tnuc: iU';~'l"tabk I.. l.en.der_ i.~l' ~hililltl gUI;>d t.Ul1t ;.:~)tlH:'\t m<;.n b~n by, (H defend: en-fofcefI1ent of iJuch Hen .n~
<br />lefl;JtJ p.nx~mt;$ ,""nn."h OlXtlltt" !~~ pt'C'v-c-m !h~ ~"tdt,ru:-mt:fI! ~!! (!'H; j;..'fl ;:'\.r 1~)rieHutt; of the f~roJX:"rty ('f any pitft thereof'.
<br />5. .......... I......an-. li<..1:rt~)-wef 'lh~H kccerj, tr!(: HnprO....'ll'rnr.nh nnv,. OI"'Hn~ t': hcrcititn cre~l(~d on ~he Pro-perty msured
<br />4.g.i.uO~~ kIM by Ore. h~ZiL""d... m...tud~.d l....1fnm lh~ ,;:'H11 ";;'~it;Htkd ~.h(:f;i~:C ;;"nrJ .HK-h .)ioof hOiLan.h. a.~ !.i;ndcr n~<.iY rc-~ulre
<br />.....ntllu ~ucb ii-Wl.lt,U'lll>.and hJr "-~l\-h pt"f!i;.:,J...it" l !.:"nd';.'f fH41 f~4t.fln;, pl\.Htded, th~il Ll;"llik. -;,-haH no'; requU'c thilt the amo\.Ifl11,4
<br />'\-och love.tale t'\-c~d thai amount !If u.n~n'ftc ~(\'{UHC-d 11.1 ~~a\o Ih~ q,rn.. ~;\".llrtcd hy lh~ ~t()rtg'ilg;t
<br />The H,Uuratl(:(;' uunc;l f'-t'OHdiftlf; tbe lfi.....hUtkC ~h.:IJl t'\" "I'H.1t~ll h\ HmTv.....1(,11 t..Ublc-ct 10 dppr"O'Val by Lende.r-; provided.
<br />th41 su.:h ilPP(()'l>a! "'boUt t.lOt t-.e ntlttr,-.i*,oHn-ffIY.-Y v.ruhhdcl '\1.1 f";'Cmmtlh 0>1. 1nM..tlam.';~ pl,1tht:ltt ..haU be paw HI tile manner
<br />p-rV1"ide-d. under f>itiit.-gi'IitVb :: h-e,l-cl~i ~l"f. d not p4h.1 on ~\idl m.itfHWT. h\" B-('iH-",,,..er m.akmg p-ayn:wnu. when due. \-h~tiy h.1 the
<br />lil),u.r-dJX~ 1...arnei".
<br />All inMtnu~~~ rJ004~..'.lC'" ~n~ f~ie""ju:o. then",'l ..Hah r.>C ;:, !,t.(TIl" .,.q..q.:H;~hk ~(l i t'no.k;c MId ....haJJ Hl\:Jude a ~lal1ditnj Ill-on,gage
<br />,::'lau$e in lav-ur i'{ a.nd in t,~rrn ",-,",-t'p.liJ..hk ,,"~ I c!.dcr I .'H.j~"J ~rHii .h.~\'.~ f;~~ ~!gh~ 1>' ~:~'k! !h~ P"':>!~~~':;"~ J~:.J ro::~-.:;..,..,~h ~h-:-rr-nf
<br />and 8on,uwl!t ",h..,H promptlY !l,Irm~h In j e-n-lkf #!J r{'q~."",j.t. n-",.Ii~'-;:'" U!i~! ;i;H fC"'...-:<.'tpl.& l,t p.ud premmftl."> In lfJt event of )....'!S-.\,
<br />Borrower l\ha.J.J gj~..t: ptnmpl fhJlrl.,.€ 1.1 Ill{: IH'H;.r,.H~", ,_..Hlt'l .Vlt.! I CiH.h:::r I cn~.h.:.l m.t) m.akc pn~~1 l.'I klU Ji fhl( H\1.u.k' promptly
<br />by Borrower
<br />UnlCSll LenUcr <l.nd B-orT~}\.Io~ \<>th(T"-'I~ .t.~f~ ,ll .,.., rHlU~~ H1i-tH <tlH':(: pn.O\.ccoJ1. ihaU h<- apphw 10 re.\WraLJon ,~r fep.air 01
<br />tfi(; Property -U.unl&flC\i, piH~!ue~ Hh.h t('":!.I~1filihHn \.'! fl"r.Ut I'> l:'i..l,...'ntmH~.;dj~ l~aMhh:: ...nd fhe ..c<':Ullfy ~,j thij Monga,gc i".
<br />not Ih~)- tmJ~ifed I! li,l.t1.;.h f~'I,,-\r<itmn uf ltC~.d.!! h fhll "....m"mu....dly h::a,.bk H! i! the ).Ct.:uHf}' III th~-,; Monga.t<.< wou}d
<br />i1(l I,M.~ffOO, l:ne U~UW.,'\(k;.t" pfOC,C<<i.~ ~haU ~ "p'pl.l~oLl h' 1!1e '>unn. -;.~<"::i.;fed n~ till:>' Mi)rtgagt:. Vo1th ~he e1i..ce",-~. if <wy, pa:J
<br />to Bo.n("~"Ci It the Pro'pen~ i:+ ,J[l.;u:u..)..unt:.\J h.. I-h"trf\'~c:, d Jt Hnnvwc!' t..lh td !c-'!pund h! Lender wlthHl 30 day~ jr,,'11l lhe
<br />dal:e nOliCe 1:\ m.tie~ by Lender I..\ rh..Hr~i",~r ]:L:.lt tf1e l!1'iUI.cln.:ce (.trra:r {lH~f\. f'.! ~ah: ;i ";lalfJl t'lf Hhur.w,;;c hcncfil\, l.emler
<br />L'io 3utbunltXi to ..:oHei;l ami .tp-pij the U).r.t,jiJ;;tIKC pr~...;:t'tXh ;It i ~!l-ili:l r IIPW,it! eilncf hi rC1lol.ufallvH \H repalf ,}t rhe Propelty
<br />;~f 10 lbe iw:m lloe...lJ,too b) ffU'It MOf'tSitgt:
<br />Unl~ l..-Ct'H.kU and HorrV\I\,t::l tJ!hcr"'-I';J(' .;i.ga:t; ill ""fIIIOg. .HI)" .,..g.h appit....lifHHl \,r pHl'\:.cCJ:<>, h) pnn"'IIh~j ..,hilIJ n~.li c).tcnd
<br />~~f f'(>UpC-liut LM dl..K d,il-tc \,If tile mLH"dhh atMaJimC!1h fd~flt.-J ;., ~I) pai'ag....p-h:. df\J 2 helcui Uf "hang\: Ifl(' ;:t!fHHml \,t{
<br />s,uci) uunaHrneuu. i! iHl..1er pardgf",-ph i,~ hefeut the PnJ~.n) j\ <i'-!iu.n..-..J 1'1\ Lem.h:r .lii fI~h(, ldk atld In\f:f~-''lf >It fi.(If'fU...t'1
<br />to.uta to iH\'j> :nwriu.-.:-t f"\.~H,,~ .",uti in ~!t;,j i<1 thr. r;\.)._t:.t:~} th~fe(jl r~U.Htng IHHII ~l'illH4~('~ h.~ tht. Propen'. P!IOt" to Ine ."-ale
<br />0-( ",,~qU\MOO~ l\h-aH P\~ l~~ Len~'l ,"' {ht: ~\!eHI l,j the ~Hnt' ~C<.;u{e~:i rl\ :hi" \'1,)rtg<,.\~t: ,j'nnlCdlalcl~ 1~I~Of 1.,' ~w.:h ....aa.:: '.'1
<br />.1M.:qUW!lOfl.
<br />6" f'reIer'\c..... aecI :\"'&elUUKe of .Pn-..:rt,.~ tt"...whohl~ ( oooom.iniutlh; Pll1PUed t nit Oevdvpm.:nht. H.'l[(........>,;1
<br />'\hilt iL.ee:p ttw: P'rupcny Uj: gotl\.l(! tep-,uf <inti ~h~l nOt ;;t-~nunH 'o<\ioL-..,h:: '-" l)CrITH! Imp.lUmen! .if dt::tcf'<..H:lJ.1IVn oi lhe Pr!.lpcft)
<br />~ad $baJl (,~\'Ut'l.pil w'tth the pril\'6lom of ia~l) i,c~ Ii Ihl:'l !\.-hlrlg;tg~ .., on "" iL.i~ch\.'W i;' lhl.... ~hlrtgilite l~ ~~U ,,' <lIHt 10 ,l.
<br />{~(~mJum. {1{ >i p-ianm-d urut i.k....dlll-1ff)>'.:;flL Bi)Ho\o\-e: ,hid; f~rjufm "Iii ,d UUrft''o/l'':f -"> j!hhg..:tJOHi\ unJ('f :he dcd;tr;t;Ut'fl.
<br />Of C\)-"~!I< ;.~N'al.rUj or 1{oveauug the ..nnliJ~).rnHHum t~f pl.aru...cd urlll. Je\-t::h\ptIH:lit :he t>V'lli\\'o ;.;n...i r~~H!iihvH-" t.ll :he
<br />;,:-~onuruUl'U Of plmned uut1 deve'}.-.JptntNH, ..Jnd. ..~~wHHI.a:i1I ,h,..,::unU:ll(' j:,~ ~,"n,,..h~~'~I(lJ\.m: Of rLinn~.d ;.nd
<br />rtdet 5 .(".X~tHed by Bo:rt{Jwer ana re<~:t<~ri1ro wg!.ttheJ .....UtI 1~... MOfli.~g~, lb.e ,,<,'.cfJ,..:iAh em.! ...greemenu ,Ii !Hkr
<br />-wt-U n. i.OOV-r-pJ('alN UUQ- itUU ~aH am-eoo 3110 "'tjppicm~llt lht' 1.,1,)\(:U.Hlb. <l\1d agrcemcllh III l1>f'\ Ml.lftg;igl:: ".... 11 the rH:k:1
<br />"""" . pan hu<lOi.
<br />'1. ~ of l~"""'" Sec1trlfy~ It U-t)u.",..-cr L'Hh In pt:fkatll d\e \..~I-V(,:fl.itHh ...I.hl .oi:g:n.'.emcub >..1'IHW.lHed nl lhr".
<br />.O'n....~ ~-Pl .if m) ~Utm ".Ii' ~u~:(wuq;. ,'" ~,..fftHri>it...:~..; ....fu-~t, r'1...iii~5H) ..:i..;,:......." i ,r,'...,-':" ~ ;,:t;:;~;; In :r.e Pn~p;:r~;,
<br />~ 00t not lifind" to, (tffUf.\5lInl ~-WmOtlft. l!t~O!""(/:!1l:.~, "",4e cnh1f;';,(:tl).'(;"i')1, .,( ,;rtlil1ge.mcnb ,J} P!l.-.I>:'c-\"Xlmp lfn'l~j\-Iftg: ,!
<br />~pl Of ~t. tn..u l.ttf~ ltt l.ende-'--, i,itH.J(J!'I. ~.l.,x'ln n.otl-4c ht R(1-no'lo\-t:r H1.il) I'fHli.C ::tu...h -linJC.aflHK(',.",_ ,jj'"hun,~' ...th,.h
<br />tw:IU ~ ~W' ~~b ~'''U-on ,H. Hi t~~~itn" pfHi~'t,1 Lcn-de!" .Hltfe~t~ ,~h.Htdm~. r.u! :...'~ lill1',je..d 1<> dl'<t'lur~ertlf.~l1{ ,,;
<br />~ -AUa::ne)"$ t~ ~nd ~uuy up-l)f! ille P'\'\.~pe!!]i w m",i.(i: .f;;;p.a.!f" I: I f;lltk! f,'qtJlnc..] f!Hlfl.jj,..l(SC lr1,,\H~.Il,-T ,~~ "
<br />-l~t~ (\t" ~.IDJ ttw h')ah ~.U1't.J b). !hf\ MrJf1.l.:<lie. aO.ft~T*("t ~h.;ii.:H ,)c.,y the ~)tt"I'm\illl" r~I.!~>Ht~d m.unl.un ~ud~
<br />~~ ii~ {:.ff'~t IIDh'~ 'ij,;;1<O.n t.om\< ~n 1M r'Cq~ltl'tJnent ft.,,! tl.i.\-.:h m'H..1.f<t-.nc';: Infm!1~h:~ ". .,tJrdan\.L \~',h lL~!n'~-c; ~ ,..",'"j
<br />
<br />
<br />00:11 1 !~
<br />
|