Laserfiche WebLink
~t~-~E1~33~ <br />a,. <br />Lvrt=r?itst CovFt:ann, Borrower and (.ender cnvenant and agree as follows: <br />t. Paymem of Prieclpd tiled IMeteat. Borrower shall promptly pay when due ilia principal of and interest on the <br />indebtedness evidence) by the Note. prepayttrent slid sate charges as provided in the Note. and the principal of and interest <br />on any Future 4dvances secured by this Mortgage. <br />2. Funds fm Tales sad Iraeaeee. Sub}act to applicable taw or to a written waiver by Lender, Borrower shall pay <br />to Iznder nn the day rrwnthly mstallmtnts of principal and interest are payable under the Note, until the Note is paid in fulh <br />a sum !herein "Funds`i equal to orre-twelfth of the yearly taxes and, assessments which may attain priority over this <br />Mortage: and gr;aund rents rn (tie Property, tf any, plus one-twel@h of yearly premium installments for hazard insurance. <br />plus one-twefth of yearly premium instalhtrents for mortgage insurance, if any, all as reasonably estimated initially and from <br />time to time ay Lender an the basis of assessments and hills and reasonable estimates thereof. <br />T'Fte Funds shall he held in an institution the deposits or accounts of which are insured ar guaranteed by a Federal or <br />state agency (including Lender tf Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, <br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analy¢ing said account, <br />or verifying and compiling said assessments and bills, unless tinder pays Borrower interest nn the Funds and applicable law <br />permits Ixnder to make such acharge- &xrower and Lender may agree in writing at the time of execution of this <br />Mortgage that interest nn the Funds shall tae paid to Borrower, and -unless such agreement is made or applicable law <br />r~uires such interest to he paid, Lender shall not be required to pay Borrower any interest or esrnings on the Funds. Lender <br />shall give to Borrower, without charge, an shoos! acrnunting of the Funds showing credits and debits to the Furtds and the <br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured <br />by this Mortgage. <br />If the amount of the Funds held by Lena~r, together with the future monthly installments of Funds payable prior to <br />the dire dolts of taxes, assessments. insurance premiums and ground rents, silo!! exceed the amoum required to pay said taxes, <br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, ut. Borrower's option, either <br />promptly repaid to Borrower or credited to 8ormwer on monthly installments of Funds. if the amoum of the Funds <br />held by Lender sha)I not be sutTicient to pay taxes, assessments, insurance premiums and ground rents as they fall due, <br />Borrower shalt pay to Ltndu any amount necessan' to make up the deficiency within 30 days Irom the date notice is tnailtd <br />by Lender to Burrower requesting payment thereof. <br />Upon payment .n full of alt sums secured by (tits .Lortgage. Lender shall promptly refund to Borrower any Fonda <br />held by Ixnaier. I( under paragraph i8 hereof the Property !s sold ur the Property is otherwise acgwrcd by Lttider, Lender <br />shall apply. no later than tmmediatdy error to the ,ale of the Property or ils acgwsition by [.ender. any Funds held by <br />LcnJer at the time of application as a credit agatst the sums secured by (tits Mortgage. <br />3. Application of Paymems. Unless applicable law provides otherwise, all payments received by (.ender under the <br />Note and paragraphs i and 2 hereof ,hail l+e applied by Lender tint ;n payment ut amounts payable to Lender by Borrower <br />under paragraph 2 hereof, then to interest payable nn the Nutc. then to the nrincinal ut +be N~+t^_. ;.rid the;, :..,,..,.aa. emu., <br />princtoal an a^v F_ titt;rr ;d;;;.,,.~, <br />4. Chat~eea; Liens, Borrower ,hall pay .JI races, assessments and other charges, fines anJ !mpasitions attributable to <br />the Property which may attain a priority over thn Mortgage. and leasehold payrnems or ground rents, if any, in the manner <br />provided under pazagraph ~ hereof or. d nut pat) m wch manner. by Borrower making payment, when dire. Jirect)y to the <br />payer thet•eof. Borrower shat) promptly tornish to Lender sit rwticcs of amounts due tinder th!s paragraph, and in the event <br />Borrownr shall make payment direcd}', Harrower ,halt promptly tumah to Lender receipts evtJrncmg such pavmenta. <br />Borrower shall promptly Sischarge any hen which has pnonty „ver this Mortgage: prov!JeJ. that Borrower ,hall not he <br />ragweed to Discharge an}• such lien so loag as Borrower shall agree in wrung a? the payment a+i the nhhgauon aedurrd by <br />such litn m a manner acceptable to Lender, or shall !n 4uoJ tatth contest such Len M', or defend enforctmem at u;ch lien m, <br />legal proceedings which operate to pmvent the entan-ement u( the bin or !orfrmul o[ the I'roprrty nr any part thcreul. <br />S. Hasud hmor»nce. Forrower shall bete the unproaemenn now a,srsung ur hercattcr r(ecta) on the Pmrxrty insured <br />against loss by fire, .nazarJa mehtdeil within the term "ratenJr,l ,..ovctagr- ;end wch other hazard, a, I ender ma) rryuur <br />anJ m suih :tntuunts anal fui such ptrraxls ;u Lender may rcywre, p!?~atdeJ, that LcnJer ,hail nut rtywre that the nnn,utu ui <br />ouch .overage e~cea^d than amount ,,4 .u+ersgt rryurtaJ :r, p:iy !!,r ,;!m, •.;ra u!rJ hg th!s hlurtgagr. <br />!tie insurartct .tl!rrter prawtding the insurance ,hall he tihoaen by Horn,wer vuhitcr n+ approval by Lender: pruvrJed, <br />that a:rcP. appn'vai +h~all oat fx anrtasunat:iy wnhheld. .-ill prenuum+ ..n !Bala once polices :hail nc pard .r! the :Wanner <br />prov!deai lender paragfaph 2 hereof or, !f nut pat) rn ouch manner, bl Both?war making paymem, when Jut. Jurctly to the <br />imuraiice rarn,:r. <br />.ill tnsurancs pntrerea aWJ renewals theree,r .hail ix Yn iurm .Y .tptat,tc Cu I cn,kr :inJ shall Yn.lUd~ ., !,mJarJ mirrtYagr <br />rlauae m (oval .,t attJ m louu acreptable to Lender. LcnJer .h.ni hare the right to holil the poharca .,nJ tcnr'wai, d?ercul, <br />and Barmwer ,haft promptly furnish to Lender all rcuewal ^uucts auJ ail recepts of i,atd p!enuu!n+ In the e,rnt ,ri i„+,, <br />Burrower ,hail glue prompt ounce w the utaurancr wrnrr anJ 1-code!. Lender rite} !Hake pw.~t ut Iuse rt not nt,,Jr p^anptis <br />by lianvwr! <br />Unies+ •..cniler anJ Borrower otherw.,r agree ut wrung, uuw once pnn red, shall lx apphtJ to re,torauuu nr repaar ut <br />ttx Prupen} JamagcJ, prctvtileJ su tY reaiuranan or !rl?aYt a rvonun?tcally tea,d?le ..rid ibr ,esuut} of thYS Mortgage ~. <br />nut !hereby tmpaueil- It such reaturaUUn ur repau a n.n c.:unonueally !cavhlr nt Yi the srawua .d [tin Mortgage •.autJJ <br />be !mpatreJ, the insurance proa:etds ,huU be applied to the wnta ,crate) ha ;his Mortgage. w,th the cv~c,a, n .,u~. }`aYJ <br />to Harrower. It 4x Pn?ixrry is abaniloneJ h} Na a,wer..~r !I Burower ~e,l, :.! rw,pouJ to 1 rndei wJh!n ire Ja}* tt,tu, the <br />Gate nouce !s mmled M' LeuJer tit Harrower that tht utauiauec :arncr ~.dfen Y•, ,ntic .~ claun tut ~n,uranx htuctit,, t enJr! <br />to suthunteJ is ,:oUecr ar.J apply the mauraute pr.+ceeds ai LcnJer , ~,pnon cuhc•r to rt~stotauau; n; repau ,+, the Ytuptrt~ <br />ur to the awns scrweJ by this Murtgaye. <br />Unless Lender and Harrower uthnrwtu:.igrcc m ?s hung, out ,uJY .,ppite.aam ,a p!,,, ceJs to pY Ufa poi --.hall not estenJ <br />ur;nstpunt the Juc date u[ the monQD} matallmrnta !cta!reJ r„ ,o t,ara¢raph, '- .tuJ `bete.,! oY ~itarge :hr au,~,ura ct <br />auGh Inatallrnti1la. IY llnJer paragraph 12; hefe0l Iht I'irupuf la t, .,, ynllcJ I,a 1-rllJcl. -,ll trill, :Illy aitJ In IV'I Veal .,S IlY)II„wtr <br />in :old to am uuuinnee policies anJ in auJ to the prucreJs thureut reauiung atom dan,ahc u, the Pruprtq l+nrn n, the ,eYt <br />ur acyauanwn shall {ass to !..coder to the latent of the swna aes.ure,l ?+} thn !sloe !gag: nnnreusaicii p!YOr i,~ wrh ,alt a! <br />acytrisition. <br />ti. Irraeri atiuu ate Haiatrnana•c uF Pwpany: Ixtnehuids; t oudixnininmat PiamtrJ t-idr f)ea elupnitota, i,ca r.,wc[ <br />sfwil keep the Fr>a<aeny in ~cza repair and shall nut curumn waste .v pcrrnn unpmrtnuit or detcnuraumt .n dtc Pratpcm <br />and shall a?mplp with the pruvisaana of any lease !t ties Mao (gage n .at U Ira+gholJ II the. 31nui;ag,.-non .a ,nut Yn ,i <br />cwtJammium rer a punned amt develupmtnt, Harrower shall txrtorm all of Ile;r.,we! s .~bitgausnta under the Jair!auou <br />or cuveniurts crtauug ur govprnn~ tht cunJmnuawn arz ptaurtcd tout decal.+puieut, the h}-taws auJ tcgulaliuu, of the <br />runJonunrum or' ptantu;d unit deveiupmtnt, '.+nJ cotrsuniem dw umau,. If e i.~udouunuun or plunntd urn Jc, rl. yn ucm <br />rider !s exec uieJ by Harrower auJ rc.ordeJ together w!ih th,s Murigugc, ihr ., ,cn.,iua inJ agY Ctmcnt, „Y .,,ch r:dei <br />shall tx tncorpuratcd tote unJ shall sound and ,upplrrteut the cu,cnania sad agta~'menta +•t Ihu Mortgage a, .r xhe :!,icY <br />were a part hcrtof. <br />7. PxeiKtltXa of ixadrePf Secullly. 11 Borrower farts to prriorm the iirvrnanla enJ egrcentrnls ..>niauseJ :n tins <br />1llortgage, c>r if any acuui or pt aceediny •s wmmrtwed whrch materially .d3rc L, (endet'a !steers( u, dtr I'n~i,rrn- <br />mcludtng, hart nvi 8tntted to, erntmnt domain, inaaivettc}, c,.?Jr en h,rCCntent, nr :!n:urgrtntnw i+r ,~rv. ceding, ut+:A?rng a <br />hrwktupt pr De..cJeni. €heu lender at isuder's npuun, Ytpon nouce !~, Bono?ser. nta~' ntaie suih aptxarau:c+. '~t!,i~un. ,uch <br />sums and takx su,h aiYAOi'i as !s necrssaty to pt ut+st I_cndrr, nur!cst. •Yn.iuduryt. his! not i!!nttrJ !„_ .I+,i?uurr,!cut :: <br />rcs~sonahlo attaracy's firs anJ entry npgta (tire Proptxis to make eepa,n ft I oudra reyuir~J ;nortuagr m,utans.c :,.., <br />conduar,n of mskin~ the [Hart sectuetl by the Maritr~ytt. ik ratty ct shalt pas the pt rnuunis teycnrcJ z neatrtlarn ,;t,k <br />Stnt:rtatK.Y 1n t~eit unrrl iii,h fitrie a5 tnF' #etyUrrt[netit tar `=.:lF ;5}~yr3j:~i 'c; 1 ~lti: :'i :1' .r~3f:~. ,.:t Ba'i Jnu <br />