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<br />~- S~ <br />~~..~. ~ L, 3 3 ~~ <br />Uvti=ok~t Covr' .. ~-rs: Borrewec and Lendt c -•n., t s ' tgr c t' ft hc, <br />1. Pag•ment of Principal and Intcrrst. 8tr mutt zh I t unpi'1 I t s~h u . tnc pr ctl+nl tr rut inti•.r c;t on the <br />indebtedness evidanccd by the .."w ate, prepayment and Vste ehsrgcs as , r,n iual ~ t ,h.. tiatc -.r.d Ute grin .pal of aad mtcrest <br />on any Future :tdvanccs scoured by this Mortgage <br />2. Funds for Tazesand insucsnce. Subjc o npght ak le Itcv t t t x'r tut .r,vw t,5 Lender I?orrower ih'tU ;lay <br />is Lender or. tFie day monthly instal?mcnls of pnnuntl and r ttucst`a t { tt if is wide. tt t 1o t, unfit th lore ts. p~ td rn toll, <br />- asum (ltcrein "Funds"} equal to one-twelfth tf }ic ye u'ly tine +~ f tcs s+mcnts whr n may a t r.t prior g over this <br />hTurigagc; and ground rents on thr!'ropcrty; if nty, piirs nc-twelfth t t rip r rnrum mcwiinuatts for hazard +n,urancc, <br />pltisone-twelfth of ycarl}' premium instalimenis for mttrtg~tgc +nsuranc -f t,.', ~til a rc.aso hig estrm t,cd roili~ll} and from <br />time to time by L,endcr on the basis al assessmxnts and h+lis + d rcau n d c c:u t Ics thereof. <br />"tie Funds shall be held in an ipstitutton th dep<tsits or ^.atuntc c. ~ which ~+rc insured or guaranteed by a Fcdcral or <br />state sgency rincluding Lender if Lender is such an institution). Lcndcr u+,+I'~ a~ h m i'u xls .o pa} .. nd lazes, assessments, <br />insurance premiums and ground rents. Lender may not charge fa-so h -•!in~ and .+ppl} mg the Luxis ,tahzing card account, <br />yr vcnfyingnd mnipilirg'saiu osscssmcnts and Sills, unless t.endcr pt}+ I1~su~cwcr uucresctvt the Ft ds nd applicahic lax' <br />,permits. i,ender to mike such a cha rgc, [?orrower and Lcndcr n +~ e+v: sritmg at r'tt tint n' ;xccuiion of this <br />Mortgage. tha: interest on the Funds shalE be paid tea Burrawcr, and -n. resz su h rrrcemcnt n r talc a:' applicable law <br />requires such ihterest to be paid, Lender shall nM h rey;ti red u'+ ply F3ein cncer m' interest or e'trtungs on the T"ands. Lender <br />shi11 g:vetaI3orrowcr,. without charge; an annaa':;ccrn.rtingof the laude chow t reditc nd debits to the rundsartd the <br />Fxirpose felt which cacti debit to the Funds was mtuic. The Funds ..rt l.'e.d~~cd .. ..J-Irtion I security for the scams secured <br />by this Mortgage. - <br />If the amount. of the Funds-held by Lender, together with thv I'uturc nu nt hly rmtr`Intents of T-1;ncis pal able'pnor to <br />the:due dates of razes, assessments, insurance premiums :~otd ground rents, shah c.ucecithe amount rcyuircd t=o p.ysaid rases, <br />astessmems,instirancepremiums and ground rents as they fall due, sc.clt c.sccss shall bc, at Iin,rnwcr's option, either <br />promptiy'repaid to e3orrawer or credited to ISOrrnwer. on monthly instaUmcnts of Funds. If the amount of the Funds <br />held by Lendefshall not be sufCicien[ ao pay taxes; , ssessntents, insurance prcmrums and ,round rents as nc~y fat! due. <br />' 6or*owershalipayto Lenderary amount necessary' to make up thedfic+cncy with; r. 3~ da}'s Irom the date noute s mailed <br />h}"Lcadei to©orrower requesting payment thcrcof. <br />L'ponpaymentm foil ofa!Isums secured by this Mortgage, lender shalt pntnaprl~ r•u+no to Borrower an}' Funds <br />- held b. ',chdr ,: under a r -gran ''-,.. ..- ?'.,.-,.z t ..mid. 'tom-_'_+o+ c ii_is_otherwtvc acyu rtd b. I c tder, Leader <br />shall apply,: no later than tmmedi^ tl} prior w the sale nl .'.c Yn petty sir its acydisittnn h} Lendu, ., riyF`irnds field oy <br />Lender :it the umc of appticatioi:-as:a credit agaihsithe sums secwcd t ~ th, 41crtgagc <br />3. .4ppticmiono(:Paymcnis: Unfcss apphcahiciaw pNVie{ts o ht~n-i.c +11 ttpm nts r'ccned b} lrndcr :mdcrthc <br />ticite ardpatagraphs d aod? hcno: shall be applied 6y Lender ft rst ri paynu : u! amounts paunb ~ to I. cr,der Ito l3prrnwer. <br />- under pa:agraph2 hcrco[, thatlo intcrest payable on the Not,`, then 2t the p:-utcittal of the Notc, and torn to mtcrest and <br />princtpai on any 1-uture Advances: <br />.t_ C.hatFcs, Litns, Borrower caali pay ill taus. assessmems ~ ni rnhcr r a~_se, fines rxf imprstt+ons at lributible to <br />the Propen}' whkhmay attaio-a pr ora,q over his Mnrte t~•, and leas n 1 i;p+~ nt. ~ or. 4r ~.ond rents +f any ui the manner <br />proc'tdcd udder paragraph 2 hereof c r if not p ud ii suet n,annci, l?t Ilr i rot u r ~:ut It tt,ncnt, hen e.ue diecdiy co the <br />payee thcrcof. Aua'owe: shallprompJy furnrsn tc t_cndtr.:{4 nouces c f +nut^ „c rwt nd~ r this paragraph, and in thecvent <br />Uor u.eer steal! =naic payment d;rc :i}`, Borr t set shall promptly nr.h : [vier t +rtts ct~ufcnemg su payments. <br />3or,ewer shallprampa}'- dischargt any lien' ~n+t h' has t riot icy n e rt +: Mc r g' t; +trn l cl, tit.u S3orruw r :h:r~J not be <br />rcqurred to dadhargeany suchlien so lung as Borrower shai..agtte n ~~ :n t t the p+t't.~t t of it c r hfigauon secured by <br />;citch Iten in a tnanncr acceptalilc to Lcndcr, or hall in gcxsd fa+eh cc ni st c;.; tt I' n ir;, or lePend cnurccntent a( such lien In, <br />legalpr~?cccdrngswhich gperate"to prevcntlhc eniorcentent of tit iicuur f<xecnu~e o: the I'mputy or a;t} partthenaof. <br />S, kiazani Insuranec. Borro~ cr sltaiL k ep the nn rc mcrn. n -.istmE i r crc ; rot rv_rw c n lire l i ~ r y. ~nsurad <br />against Iossby `t e hazards inehrdt,d xithin thctenn °t*tutdeci ee utg•' rc+ w netncrh zardc is 1nde rtn rcyt.rre <br />rod rn sucliamuuntsaad for such prnods use Ltitdcr ma} ruiilirc,.i o ~+drd~, th,.t I x.neSci vital, not reyu,rc 6tnr the emuunt of <br />- - it:ch coverage exceedthat atnouitt of csivcrat,' rcgaircd tc lily th cur •.sLCn cd k -.h c Mcrtyage. <br />"fhe insurancecarr:er pruvidutg the insurane shs1l he hewn be ti n r alt eu i uppr vat byt~ncier, pnnidr..d, <br />that such approva~sha;! rot beunreasonapiv n ur~,u_Y,cr co: ce nc lrc es shall be liaid +r henianner <br />p.ov,dcdutidcrparagrapn 2.hercof or, rBaut paydinsu~h ntannct, i y &~rrc?~eu tnakinb psyc:un~,, w;tc4 dyic, ~+ rcctlp to tftc <br />insurance-carrier. <br />,All insurancrpalictcs and rcncxnlrthen~tstzai! ix rr I tam : ~ I r u'c ,c+ rct 1 dl nc , c. .: st: nc trd ittyx t aye <br />clause m tatror o° and it fo m 2cecptabie,tn [titdcr.l. ad r sh:++ t+vt rit:• tr tt t it Id the poll rc. atdr ntw,as thug,.. <br />and Bt rrou-e, shsilpromptly fu[nwh to Lender a i men t. rfi no rn t + i t ,.: ul t ni r nc, prutt r r,. ! n the event of less, <br />liurm,vcr-shall g+e~prempt notice an theinsurane,c tarsrtr .nxi I_en ,u. I:rnel ,lay mc,.c pro;>f o(+tss if no- nade'promptly <br />by idorrowtr. <br />Unless Lcndcr and 6orru:ver omcrxisc abrtt +a. •sr troy, tnsur ut t i.n+ c 1 'r,l. i t +p{lied rusturauon or -cl;ur oP <br />the Property damaged, previdecL sv~n recto 2 ion or r pit -s 'wna + llc s Lic.. +u+ t~t u, u +ty of a is \lrrtgagc is <br />not therc5y: impaircrl: If such ,restaruionor eptir is n ? ctoron + t :car :~ it ht, can t of this ti1nugugc. would <br />totmpaired, the-insuranec proceeds shalt Sc 'pplicd i tbesums utu •d ' this - I ,rtgage. a~it't rite exct s rf any, paid <br />;u Uctrrower. If the:PropertyisabaadoncdhtL3arrowcrrf f:or xutic n c, c (cnelc xithin >lY deb fron^, the <br />- date nutiee is matledby Lenderto Borrower that nc ,incur n~c :. r I?c.r, to .erln c rr to nvur nc.e ..utt.hts„Lender <br />sauthnrizedto collect and appl~• I!u insurit,te pq~cids art Lcndcr s op'ic+.n c,t,ur ut try, ra:ic,i. or ,cp:ur ulthr. Pronarty <br />u- to the sums secured b}' this D~iorigagc. . <br />Unlcs3 Lcnderand Borrower odte nvisv ag roc in wrdting,. an} ,th ay?p .~.:.urn ~: pme~tistopn rcrptr i. ct ail roC extend <br />polio the due data of the mo~)yin 1 •r.eni r tcrrcd u t r t'~ r+t I ant r crwf o eh tg h nmount of <br />- ;.t i ;tallmerts. if t.nd ' parag aphl$ fi eoE the Proptrtycs a y +n t .s 1 ~ a+ n hr - i kt w xrtu cs of 13o rc 'cr <br />adto. an} tnsitrancc policiei an tn~ and to. nep•nec cs rha:v r u..r.t~ tr t J n ~_ w tht i rout., r t,r to ins sole <br />~,a .,,.yuisition shs{l pass. ro Lender icahe ~xr; n. ,; the sums sour ~ be ,hs Mu; rbt~,i,Tm mcd+a ti, t>tio. .n such sale or <br />ac~uistti6h. <br />6. Preser}atian and 4laintenancc of Prapcn}: 1 eaceh ld C r dnnu n+mt. Planned t: nit i)cw clnpntcn s. L'c os'cr <br />;A~fA keep the Property in goedrepair and shall not torn r a cr r rn ii i ul "r to dt c to tan of t' c f' ejrouty <br />cc ntply d=ith he o o•: isrons of ant lcas4 if th ~.. „1. a ct r I + + R1 age s : t. [ ,n a <br />:~r ,un..a,un, er a. lilanned colt ik'r c9oprt -nt, Borroe cr s,tail p .te ro.t .JI t Uoir s~. s t "t'~ga ors ei;d<r the dcc, r -ttiOn <br />r eating or governing tnc condnm:niunt tr nn J t t mar 1 oy In v and, t E d t - tv o ,hc <br />. -...~ i p :trued unit de~c ~ moot alto coma t .Sex r r - V t,.lnr nuc r } r red + t it - t nett <br />- r , :etc 3orro.vcr and Dean{ed. togetht '-t~ th+c `t-.n .` ut tv +ttc + c r ttcu r stch _-r;r <br />t~l ~2 ,:r.r.t~r.-cad .to and shad amend~.nd supple n~nt arc ~cwuts us ,.t t_,rtitr.,t„a cs; rut. 4.;t tit g~ ,rs tl Qt4 ui.cr <br />k'rrtt t„ Lender's Security. IF Flarrou r tar y •.::r p I rht. t ~t , ;' .. r r t..dv at r- cd n [I 1., <br />ti ~;~<, ar.t on nr prncee;hob is omr n ~d +• h t arc r Js 1 -t Ic.r s wrest t+ tl I'r t r s. <br />+ i. - ., c.. to, at ttr{dtct ur trs~iver ~ ::adc ~._ c ~. rr7ny,+. te;+s r li,-4ort my t,va ring a <br />h,,. ; t t -~. _ ..~. .- t Lcr'd.,r a, LencYu s : r. tr.~i , .rf on :to ., nrie t .t ;,r : , t In ~ ~ ,burn ~ueYt <br />: nu r„ ., ,. s.._:~, .._ -on a,. is ttccessa rv m txvt~..at I_crrdrr ~r r_res ..cot .,. t r , i z n .. n ~. a erf <br />J <br />r ~.:.c at ~;..:,.e's ;:._. and rut}^ apoa the Ptope. rv t<,; n ,>: :~~V.-.. Lea rr tai rr. +. <br />i, r ,. .. 43arr. ,eG4; ce:{ by ;b .art,-i,. Iiu .. 1 .... + ~ n•: ,. .. <br />v <br />sy ,rs+.t r ,?tt n r:.,:., ,: ssr:~ •:.! ., ,r <br />