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<br />004857 &"PI:.C/fItI/~
<br />84 - 005009
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<br />84""""
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<br />UNIFORM Cowl<I'l^"T'i-,' 8orrower and Lender ~enanl anqagree as foliows:
<br />l. Pa)ment of Prindpaf 8JJd [nterm, Borrower shall promptly pay 'when due Ihe principal of and inlereSI on the
<br />indebtedn,",. evidenced by Ihe Nole, prepaymenl and lale charges as provided in Ihe Nole, and Ihe principal of and inleresl
<br />on any FUlure Advances secured by Ihis Morlgage,
<br />2. Funds for Taxes .... IJIS1IftII<<. Subject 10 applicable law or 10 a ..rillen waiver by Lender,'lJQno'!'!e.-,sh81~"pay
<br />fo Lender on the day monthly' in~t3"ment5 of. priU".:ipal _a_nd -i>>t~t are pay~le, undct t~,:Notet ,UGt~! _ t~- r-.~~ej8__i1~'-_;n:~-fu~_;
<br />a sum (herein "Funds"} equal to one-twelfth of the yearly laxes and assessments which mayattain'prlotit)Cov<<,'tllis,'
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premiuminstal~ntsfor,ha~~i~~'1
<br />plus one-twelfth of yearly premium inslallments for morlgagll insurance, if any, aU asreasol!abIYestlmatediniliaHy,:and:'~i
<br />time 10 time by Lender on the basi. of assessmenls and bills and ",asonahle estimatesthereb!. ' ...'. .'......' ....."..'c
<br />The Funds shaU be hdd in an inslitul;on Ihe depooils or accounlS of which aTe insuredor8lJ&ranteedbya:P~l'lIf;~>(
<br />stale agency (including Lender if Lender is such an institution), Lender shalt apply lhe Funds to pay sardiaxes\asse6s~"
<br />lO>urance premiums and ground rents, Lender may nOI charge for so holding and applyinglbe Funds. analyzing
<br />or venfyml! and compiling said "ssessment> and hills, unless Lender paytBorrower interest on theFul\dl!ancl~
<br />permu. Lender 10 make such a charge. Borrower and Lender may agree in writing al the time of ",'I( . '
<br />Mortgage that IOterest on the Funds shall be paid 10 Borrower, and unless such aarecmentis made.ol; "<5
<br />requires such :nterest to be pald~ Le.-tder shan not he required iO pay Bvrr-vii~r -sny.int.ert;St ur-:~:'Oi1,the::F~-:
<br />,hall give to Borrower, without charge, an annual _ocuunl,ng of tbe Fonds showing credits and debits 'to. tMFI.inds'~'
<br />purpose tor whIch each debit to ,he Funds was made, The Funds are pledged as additional securiry for lhe'sumast':ll\JRid'
<br />hy th,.5 Mortgage
<br />If the amount of Ihe Funds held by Lender, toge,her wilh lhe future monthly i!lStallments,ofPilri.ds'P4yab1e"~$!,toi
<br />the due <iatesot tax",", ",-....ments, In.urance premiums and ground renlS, shall exceed lhe amOUllUequired'l<;;pa:y,wll' .,"')i.'
<br />assessmenl., ill"'ra""" premiums and ground renlS '" ,hey fall due, sucb exce$S shall be. al Boi-rowerll," ,
<br />promptly "'paid to Borrow"l' or croolled 10 Borrower on monlhly inslaUmenls of Funds, If the amount."oftf!""
<br />held by Lender shall not be suffic1el11 10 pay laxes, a.c;sessmerll., insurance premiums and ground rents' ""tlre:y 'fa~"du'f",'
<br />Borrower sh..U p..y 10 Lender any amount necessary to make tip lbe detlciency within 30 days [rom !he dale'notieei$'~'"
<br />by Lender to Borrower re'luestmll payment lhe",<)f.,.,. ,..","
<br />Upon paymem III full d all .ulm secured by Ihts Mongage, Lender shall promptly refund to Borrower any Fundi
<br />held by Lender If under paragraph I ~ herool Ihe Property" ,old or Ihe Property is otherwise acquired by Lcmdet..Leiuler
<br />>hall apply, "0 I.",r lhan ,mmedia,el, prior to the ,ale of lhe Property ot ils acquisition by Lend<<. any FtItllIs held by
<br />Lender at the flmt of application as a .credrt agamS! the sums secured by thiS .Mortgage.
<br />3. ..I.pplkaiioa of PayllHDiL Unic" applicable law provides other".', all payments re...'Cived by Lender under tllc
<br />:"-lote and paragra,p-tu 1 and 2: hereof s.haH be aooiied tw Lender first r '-'30" ,;-\-.,t of amoun'!' ~vable to Lender lw.BQrrower
<br />UO<k.f pani.gaph 2 hereof. then hJ l~!en:.~\! pay~ble 011 ~he Note, t?V.':1 {~ principal of the ~N~et and then Iu interest. and." ~
<br />prmCipat on any Future Adva.nces.
<br />4. C~; lJt.ns.. 8nrruwcr <,.h~H pay ~dl t.n\:~_ ,l~~s'mt.'ntt .lOd lHher ('hill"J<<. fine-s and Impositions- attributah;.o. to
<br />,he Propen)' which may 3!talO a I""m,)' ,wet Ih" !\.!ortgage. ,)lId leasehold payments or ground ren", if any; in tho matUIIlI'
<br />proVI<1ed under p....graph 2 hereot ,>L ,( nol pa,d IfI such m.nnel'. by Borrower making paymenl, when due. <lirectly to tllc
<br />payee (hereof !Joffower ~haH promp~l~ tHrm~h to Lender aH Ol,lltceli ot amounts due undcr this parap.ph~ and in tho'event-
<br />Born."n.ver 'ihaH make payment dlfCrHv. nono\~('r ...h-<.i.U promptl) fHmish w Lender- receipls evidencina -s-uch payments~
<br />Uorrow-er \haH prt'tmpd)' dlKhargc- itOy' hen v. nKn has pnorlty' ~W~r thts Mortgage: proVided. that Borrower man ,bot be
<br />reqUired hl dt~h..Ige an)' \och hen ~\ IOHt( <i~ tk.lf!O\40--Cf ....huH a~le_c in wrul:ft$t to lbe payment of ine obligalJon ~urcd by
<br />~uch uen In a m~-;:tnef a.('~t'T't~i~ !,--t Li:nc1-!:'L ...'f "-h~J! in g~~~j !~Hh ~0me..,t ~u-I,;h hen b)', or d-efe..'ld e.llto-rcement of such. jien-m.-
<br />1CJ:a.l pr(~eUmg'l- whu:h oper~ft,' !n pre\'em fht,a eflto'i.?ertlt-"nt o.j the hell or fortclttJcc de the Property or any pan thereof.
<br />S. lIazanIl~" ih.)[To\1oet ..hail k~t;p {h~ gltrr.~\'~mt'nh nO\l\ C'\,i\llog Of hereafter erected on the Property insured
<br />aa.ainSet lo~s b\' tIre. hazards W..hH.h."d \\-Hhm Ihe l-erm ",,;,\!c!)w.::d C,-KaJgc' , JfHJ s.uch other hazards as Lender may require
<br />and III :!liJch oisntuunts anti f..)f \Ul.:h pc:f!i,l(l~ .l~ i cf1-de! m.ay rt:4Utfe. prpvtdcd. that lender shall nL\{ require that the amount -of
<br />s.ucb t:Qverag(' c->.:ceeO th.u afrwu\il ;.~t ~"nCHjt;.t,.': rt;qUlr~ti hl pa\-- fh~ "um~ \ecufcd h".. thiS ~l(,)rtga~.
<br />The iiliUrar-~.-;. 1,.~j'ntli ~'hJ\'l\.hllg d~ m"ULUli.-C ,haH he dll~!.cn uy U\..}'((lVOoCr ~ubjC\;t to appr-ovu.i by LenOtt~ pfOVI~
<br />that SlJl.:_h appf-t.Wal "hall {a)! he \,nrc:a.)O!uthly vdthheid All prCmmOl\ 00 in\UfJIlt..'"e polkic! shall be paid in the manner
<br />pHlVided under p..uagraph .: ht.ft'~)t ,-'L ;: lH)\ p.w.t In StKh manner. b\ f:h1rfOWCr maLlng payment, when due. directly to the
<br />IOsuraJa""C carner.
<br />.....11 ins.uun;.:c j.x\ll...<tc~ 4nd f1:n('\-\.ti~ lhchc>.ll -.,ruH h-t. in hum J...:....epldtlh: to LenJer and shallllldude a \tandard mortl.
<br />clause- to fa..Jf <'I anJ In !l;rm al.-.:ept;-1~ic h. l cnJcf i lo'ni..kr \tu,ii h.1\l' the right to hold the policies and renewals thereof.
<br />and Burrower ...h~H prompll) hlfnl:ih k' 1 endCf dl! rCI\t.:w~tj Dl1tlCt"'i. J.nd all ft.'(:~lpts of paid premlUm\, In the -e"'ent of loss.
<br />BorftYWCf ~h.:sil gn:c prompt n\Jth,,-~ t" the libUtan,,:~ ";.lrllf:1' ;-HIU Lender Lender may make proot ()f 10M if not made promptly
<br />by 1I0"OIO'e!
<br />l.'nless I cndcr ...-lud &nto\il,c:- nthe~l'!-<' .;iSJt:t.' Ii! ""fitlng. Ithurdlh,'( prv~;e~\b ~hatl be applied to r~toration or rep.ir or
<br />[he Prop:rt) JamaiC'J., pnwldeo O'.Udl re-liowratl(ln t1f fl.'p~tlf IS l':(iH".\mh:~lHy fea~lblt and the security of this Motllap is
<br />not thefC"b~' impJureU_ If ~Udl fc:o.h,\fdlli,'tn Qf rt':piiH l~ t1d e\.\J(hHl1.h."dlly tea'!.lhle- or It the se\.:unty of thiS Mortgale would
<br />be llllpalrW. :ht lO~unllKe prcJl:<~d, sh.ilH be ,Jpph~li III the 'tun\i 'iL"\:ored b~ fhis Mongage. with [he eXCeM. if any. paid
<br />to Borro'\lr'C"t If the- Propcrly f!\ ~"h~nd~ln~J. tn- f':h1-;--f\\-wct, ,,~r d H0-fh)""~r Lub tL-' fe.-~p()nd to Lenuer Within 30 da.ys from the
<br />date ru.."'ltu:-c ts m,iiied lw tender Ii) 80r h~'4-t't fhat Ihe m~ur..,H\':iC (arneI' orTen h1 ~etlle <i claim for insurance benefit$. tender
<br />1,\ aU(ftoll:l,e.j tv C\lH~/ an-J appl) the !p~ura!h,;c rH"eed~ .st LenJef \ O-pillJl'\ ~lther to r~tora{lOn or repair of the Propeny
<br />\,)f tu t.be: ~Utm s.e<u~ f't) Ihls; MOfl8-JIiC
<br />l!nlcs:s Lernkr .ill<! BOHi)'.\-e! ~llhef\f,l~ ,igrec m ....fiung. an) H.h.:h Jpp:I\.~;H)(ln of pfl,.'k.:ceds to prinCIpal shall not extend
<br />t")f poItptme tht' due dale ,)f the fll~'nthl~ m!lotaHmerH~ h.':tefled h) lH paragraph!t i .i!nd. ;! hereOf or change the amount of
<br />,ucb instalhneots., Ii umJ~l p.ar~gfd,ph is heretA fh~ Pr...pert} 1.. 'h':i.fUlred to", Lender, .in fight, !Itle and Interest of Borrower
<br />:n ;:nd !.~ .:.ny ~~;-_n..;( p...1-l::.o:-~-w, .i.1J H. ..n":; h" ih~ P;ts..-"'~..:is .h-,,;~~.~ .. ..;-.~ui:;ni t:-i.}i1\ J.amd.i.c iG ;he P',vpern prior to tbe sah:
<br />or ~dt-(Hi i.n..H ~ to l...cu4er !t' UK (_\lem of the JU!lb kl.;Urro b~ thi:o. Mortgage lmmcUlately pnor to such sale or
<br />a~W&itls'"
<br />6.. Pnarto.uo...... Maiat._. of f'~tt}: t._holw.: (ondumi....._: Planned Lillil !)ovolopmenfs. Borrower
<br />shall keep lhe Property In go..>d repa" and .haiJ nOI ,,"mm" '" ...'e '" pemlll Ilnp."m."" or det<rioralion of Ihe PrOptrty
<br />a.nd shan I,.'\.lmpiy wlth the prO\'lSJi..lU$ l}f any Ie-tiC It trm, M()ng.a~t.' l~ \)(l n k"1-ch-old I! thl~ ~'1orlgage is. t.Ht .a unit in a
<br />~oadon'UnlUu\ ,If d phuu~d hOlt \ie'''clOpnl\.'ut, Ik~tr(}\\(;! ..haH perfOfm .til \.H HO!hl"'er'i. \.Ibhgalu\n'!lo under the declarattOn
<br />,,)f \:O~\j, cre.auna or g\wcrumjl f~ ":\'t~J'i.Hnl!H\.lm '-'i planne-u lHHI d-n'('h~pm,~nt. ihe by.law\ and regulati\lns. of Ihe
<br />.:~nnun Vf J..'lanued uo11 Jcy<elop-rnenL ..inu :;:{llhtHtte-nt D<.XtW\t.,'j,lh_ It d (IHlduHllluum (If pl.lfloeu IlOlt development
<br />ndot Ii -e-.u..:UlW b)' BorTi"""''lU and ftXorded h'>IClhtI ~ uh dul.l Murt~a~. the ,;;,,)\'~naHt..."" tilO 4il"t"-ement~ \.'If su<.:.h flder
<br />$"1 be tCCQrp.ilftu.-d tOto ~~ \haJl amend and ~UPi)lement the ..'l}vta~nl~ ;Jlh.l agn:cmcnts of tha Mnrtg:a~ as It [he rider
<br />"""... ~ put he4'..ot
<br />7. ....thJa 01 I.......,.,. St.;-tuUy. If 8.tln-O\\'t:'f Lub 1\' ~"t:rlnrm the (,:oven..nh ,'Uld ;.J,gH~l'1'lenls. (onltuned in thi~
<br />Moc:-taatc, or :1 MY :ltC-ttOn uf p-toc-ecdm. ,~ .:nmnwloct"J "'lo,tl1ch m",ttri.aUy affect!- Lender's mlcrcst in th~ Property.
<br />tlK-Ndt_.na~ hut 1M)!: hnnted tc, ttmulUd d-.muin, Ill~(J.J;.t"OCy Ci_ t':nhH~cment, ,;n ,urangenlenb in rnx:eedinls Ifl\'otVtnt: a
<br />~fUpt fif dt1;~nt, theo l.t!t1de-f tU 1 ~n.-;kf\ \-,}"!-t,(',(1 llpnn n1'U.:e Ip Hmrt)'..'ttq_ !H3\ m...tc :\u....J, <lpt:)Caralh';:l~~. Jl~hur~(' ~u~h
<br />~\J.tnl ..00 IA&.it f.U\l.J. ~-l~l 4:\ ,i rK~C'it.~} h} Ph~\-t:... t l,-elll.!t.f;\< lm('f~!lt~ ;j~dul.hHS, r-Ht :Wl iaHltcd h'>, lhsbuf's~mtnt 01
<br />11:~~ iiHuttK\';'"!t- t'Q ..aJ <:.\11)' ;lp;..~.t~ ~lw- f"f\~pti(} !l' nHl:.i..~ f{'Pdi!<' lj I i"'fh..kl re<.{\,jlt:.d nt..HtJj:41(~ Hl'\tHiHh.'(, d'l- .1
<br />..vt"httQf} ,~.\t' ffUlkH.~' f~ t.1)iltJ~ '\.l.,~..u.i~,d by lfu'S ~1';H\IJ:.l~C, UPf_H.;,loCf 'lIh;\.fj 1'<\) [hi<.' Pft'OlIUfn<;, n:\ltlU'C-ti h' lIli\ltH.UH ,",ul,:h
<br />lMiN'~ in eft".! tlntd 1i.Kh tm~ ,;t-\I the f't-qwft'fuem f('l'f 'iu+:.h n';~\.Hit-tl..'t' U:1fnH1"t<:~ i3>';:_(,fH'da!l~_,(" "....\th llo.:-rn"-'er-", :md
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