79007816 - Laserfiche WebLink

Browse

_V ,'~~.:rla~., ,~,~'ralll~. ~ _,_ -.~ ;~ a .r,_ r_ _~ 7 L ._-_ ~ _,;}'i .. ._-., ~' [~r'~~ 1h.~~i~Jl u, r;~~,~ ouaw i a'd~aar' ~:9i n-, .,e.,..=! z.e , ,. - .. ° y-.. _. 4,1a l".n• F ., I. c'i~. a~r_ ~ , l n,tvar~ L,i,~rulht9 liy 1 ,:a~'.Ili ok r'}'tr."C~..: ,,_ ~}, . r ,-e: a . _ .. °_ a: t I. z. ., = Iii,_ ~~~•- -, '~ ~a~lptpli~raf~ton rrt Payrneats I ,.rug-- ~(". .fifty- s .~_-..- I I~{,,-..a~. , ,eir:i _ 'ILi.::~r~:er 9~a~~tatBt1 il,t.;l"~1r;ute, iuirmrl}~t~ra . ,,.ez a ~ctl? hx.r.r: ._,: i.:. ,niirs lrl~ __~:,:i., Ir ; it ~,,,.„t.tr.;pr s,f ~-, r t. p,,u~,~~~a.t~.~le:~ta aC,~~rnt~li r f. n,^ at'~r:o-t°t~iiiatr~am ta'Itu3tr ;:aragra;}.h '! la? 'eo~f. Cher t ~~ <nxr=r - 1 ~yai,' a=ai -:e ~, _.c ~.Ira~ s„ !• _tur=• ~;lva,:;r'~,~:~. ii any, anri°iher, ,a ?I-ie prineipai vi tne'~:ore an+! to !ire }>r:n+•tj;a at ir1t~?r+• .i=l: an,°e=. is enc. ,~ 4. charges; Liens. Borrower shalt pay alt *,axe_s-, assessanen=_•~.nci -rtizt,* ~tc~+*g~-, `ir.~ a-d imposStions sttri~ utable to the Prot*e:-ty whie'r. may attai=; a }>riority aver :E;is ~for€gazF°. ar,Ri grow:,ci rent:,, if ar:.-. at Lercler's ~, option iu the manner ,>ravided under paragraph 2 hereof ar ',y Borrower t:?akin,; a;a•.•.ncnt. wren dur--, directly ±o the payee thereof. Borrower steal! prornpiiy for't`:_-~, to bender ail notice; of an?ourts due under ti,is paragraph, and in tl.e ,.;•eni Borrower shall make payr;tcnt directly; Borro'.ver s:,all luan:ptly furnish to Lender receipts ovz_ dencing such payments. Harrower shat) , romptiy c%iscl,arge any item crhich has priariiy over t%cis Mortgage; pr~- vided, that I3orrou•er shall sat be required to discharge any suet, lien so long as Borrower sltali agree in writing to fit! Lt?e payment of the obligation secured by such lien in :r manner acceptable to Lender, ar shalt in good faith contest ~, sxtch lien by, or defend enforcement of sue): lien ir,, legal prncee^.•ings which ogerste to prevent the enforcement of the lien or forfeiture of the Property mr env hart tbereaf. 5. Hazard Insurance. Borro~r-er si:a:t keep tl:e iutnroen:ents nmr existing or l:ereaiter erected on th,e Prop- erty iasuced agai.ast loss by fire, hazards inehtdad within the term `'extended coverage'°, and scch other hazards sa Lender may require and in such amounts a-u1 for sucl: periods as Lender may requim: provided, titer Lender shall ' not require that the amount of such coverage exceed that amount of coverage required to par the sums secured'by this IGIa:•tgage. The insurance carrier providing t!,e ;nurance shall be chosen by Borrower subject. t,o app royal I3}' Lender: provided, that suet! approral shalt not be _wreasorabiv withheld. alt premiums on insurance policies shall be paid at Lender's option in the manner provided under paragraph `l hereof or by Borrower making payment, when due, directly to the itrsuranee carrier. In the event any policy is not renewed on or before tea days of its expiration, the Lender, to pr.tact its interest, may procure insurance on the improvements, pay the premiums and such sum shall become immediate)}- due and payable with interest at the rate set forth in said note until paid and shall be secured b}• t?tis Mortgage. Failure by Borrower to comply may, at option of Lender, constitute a default under the terms of this _l~Iortgage. Ail insurance policies and renewals t-hereat =iza11 be in fora acceptable to Leurler and shall include a a-tandard mortgage eiause iu favor of and h, form acceptable to Lender. Lender shalt hate the right. to hold the policies and renewals Thereof, and Borrower shall prop?ptly furnish to Lender all reno;vai noticrs and all receipts of paid pre- miums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender, and Lender may make proof of loss if net made promptly by Borrower. Unless Lender and Borrower athernrise agree in writing, insurance ; roceeds shall be applied to restoration or repair of ,he Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would be impaired, the insurance proceeds shall be appiicd to the sums secured by this ~Iortgagc, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower or if Borrower fails to respond to Lender within 30 days after notice by Lender to Borrawer that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect. and apply the insurance proceeds at bender's option either ttt restoration or repair of the Property or to the sums secured by 'this Mortgage. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shaft net extend or postpone the due dale of the monthly installments ref erred to in paragraphs 1 and 2 hereof or change the amount of such instsliments. Tf under paragraph 18 hereof the Property is acquired by Lender, ail right, title and interest of Borrower in and to any insurance policies and in and to the proceeds ti,ereof +ta the extent of the sums secured by this ~Iort- gage immediately prior to such sale or acquisitions resulting from clan?age to the Property l5riar to the sale or acquisiiian shall pass to Lender. ~, Preservatiaa sad R2aiatenaace of Property; Leaseholds; Condoa-.iaiums. Borr~ ter stall keep the Prop- erty in glad r?pair and =hall not permit er con?tnit ?waste, in?pairmen±, or .;2terioration of the Propert}- and shsu comp): ,..~., .., .,..~ ;,f ny .ease, .this _.lortgage .3 a.:., leasel.ald. -- . him 3lartgsge _ cn .~ condominium unit, t3c:-ra:; wr si^.all f}erfarn? all of Borrave:'s abligaiia=:s under the deeiaratian of oat:uou?i ,turn or master d~zd, the by-laws and regulations of the condominium; project and constituent documents. 7. Protection of Leader's Security. If Borrower fails to perform the covenants and agreements contained in this 1ortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Prop- erty, including, but. not limited im, eminent domain, insolvenev, code enforcement, or arrangements or proceed- ings irvoiving a bankrupt ar decedent, then Lender at Lender's option, upon notice to Harrower, may make such appearances, disburse such sums and take such action as is necessary to protect. Lender's interest, including, but not Iimited ta, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebt- edness of Borrawer secured by this ~Iortgagc. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear inter- est from the date of disbursement at the rate stated in the l~TOte unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible by applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or do any act hereunder. 8. Inspection. Lender may make or cause to he made reasonable entries upon and inspections of the Prop- erty, provided tl;at Lender sl}all give Bof~ewer notice prior to any Sash inspection sriccifyirig reasaaabte cause therefor related to Lender's interest in the Property. 9. Condemnation. The proceeds of any award or claim far damages, direct or consequential, in connection with any condemnation or other taking of the Property.. or part thereof, or for conveyance in lieu of comdemna- Lion; are hereby assigned and shall be paid to Lender Ir, the event of a total taking of the Properly, the proceeds shall be applied to the sums secured by thisllort- gage, ~vi¢:.h the excess, ii an~~, paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherFVii3e agree in wriiirg, f_liere shall be applied to the stuns secured by this ~Iartgage such propor- tion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage imme- ' diately prior to the date o€ taking hears to the fair market value of tl,e Property immediately prior to the date of taking,-with rite balance of the proceeds paid to Borrower. If the Property, is abandoned by Borrower or if after notice 6y Lender to Borrower that the condemnor offers to make ar, award br settle a claim foi• damage, Borrower fails to respond to Lender within 30 days of the date of such notice; Lender is authorized to eoliect and 3ppiy the proceeds at Lender's option either io restoration or repair o` the Property or to tl-iu sums secured by this iortg:ge. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall