|
r
<br />s~--~~c~zs~~
<br />Lix[roaae Cavexrttr°zs. Borrowu and Lender covenant and ague as foffows:
<br />1. ~gatetait oP ttad i>loetxst. Borrower shafl promptly pay when due the principal of and interest on the
<br />indelrtedneu evidenced by the *+ote, prepayment and tart charges as provirieci in the Note, acrd the prncipa9 of and interest
<br />txt >mY Ftuure Advances secured by this Mortgage.
<br />2. IRautiss !or Toes seed luwrmmce. Subject to applicable law ar to a written waiver by I.ettaks, Barrow°ee shelf pey
<br />Eo ienirer on t;.z day r~tantitip insaa?imeuts of principal and intetext art: payable z,>udzr th Nt, ~, unt : th.Rtc~ is poi sn fetll,
<br />a atom (herein "Fttnttcry equal to tmertweffth of the yearly taxes and assessmrnLS which may sitain priority over-this
<br />Aiottgage. and gtrsund rents on the. Property, if am°, pros cBae-twelfth of yearly premium installrnents for hazard iazutanoe.
<br />pfia one-twelfth of yesrty premium iostafittunts for mortgage insurance. if any. elf as reasonably estimated initially send Iran
<br />titer to tune by Lender on titt basis of assessments and tsitls amf reasana?sie estirrCatts -tEttseof.
<br />'I1tx Fttrtfis shelf tx lxki in an institution ttx depa'its or acr:ounta of whi-.h are irzsured or gtaaraasetxl by a Fsda[al ~
<br />strte any;ittclth;ing' --'-rf Lender it such an institution,. l.etxtzr shall apply the Fosters to }may slid taxes, ~,
<br />etuttr'anct premituns and ground rents. Lander may not charge far sa holding and appiymg cite Furtdd, atsalynag said tCCCOt7nt,
<br />or vpi{yiteg sad rnmpileng said asseastmnta acrd lBilis, unless Lender pays Borrower intetedi as tlx Funds. sad dppiisa6lo lax
<br />prsrits lendtz to tnaite at:..h s charge. Borrower and Lender may agree in w-rinna at rite tutu of execution of tilt;
<br />4fortgase that infetest an the Ftntdc shah Esc pats ro Barrowes, and unfesa such agrcctneat is rttsde or ~ tax
<br />rtst}tti:'ca Such interest to tx paid, I.endtr shall not t+e rcquircd ra }say Botttswcr arty' entreat er earnitep t?tt rile Fursds. Ltmdx
<br />sfia7's to ~rroa.'er, w :.fit: c:.a,-~. ~ «n ~.ra? s::ces:ttiag of the Ftrs~rts shrsw~,nrt credits nest clefts tc rtes Ftrtit~ and ~
<br />ptCrposc for which eaetC delat to ttw T'utrds was made. iTre F"utsda arc picdgett as addresvrtal settarsty for the stmu secaered
<br />'try rids +9osaga~.
<br />ES the dntosu:t of flu Funds held illy i.endrr, to~iher with the future monxnlr :nstaiimcnra c?f Furda paysbk pry to
<br />the e4ee rfaftat csf taxis. asseadmcnts, >rmunnu pmtrttutns and ground rentx, avail cawed the atnaunt rea~tutcd to pay said tatted,
<br />asss~stts. rit~taraaee ptmtitrms and grtttrrtd corn as ehev fall elec. such eccecs sttai7 be, at Barrosveis aptitm, either
<br />peattte~rdy rttpstrd zo 8csrrow~ nr cret#tttd *.a Bartmver on r:mnthty +nstaltttuott: ref Funds- ff the atntxtnt csf the Ftantbt
<br />held h9° teadar shill r~ ire st>t~ettt to pay taxes, asdt'ws.amcnts, insuratrcc ptemrtans arsf grottrad renal k they faA due.
<br />BatsawQ afnll psy to i.trrdcr any amount ttu~essary to make up the aletictcrsci wrtts:n ;o days Tram the dale tsottoe id mailed
<br />by Lender to Borrower raquednng payment ttxrcat.
<br />Upon payment ~n foil cf ai? sutras secured cv this Ltartgagr I order stxaii :art-angtiy reitmci to Bnrrc'tcver say Fttntk
<br />lmVd Gy LeCSarr. Ef under paragraph l'~ hector tf:e fst~+perts ~. uid .*_ =="se P ~3crr--.; .s .xttetwr~c a.•~uared Ely £ztxf<r, Lender
<br />sEsafi appiY. rxt rater than immediately prior to .;rc +a6t ,.i t?rr prnperrs :,* ;=s a.utr+srtcc*n by f.endcr. anq' Fttnds held by
<br />!.eraser at site terns =*S appltcatwtr as a crettit agarriTT the Burns crc'w•rE4 by rEBi= 4tor±gaee
<br />3. ,i!$rFWSaYaa oil 1Ra7'~ Unless apph,:.aiBlr law , r:.•~,;.ica ,~:hrr-~isc ads , avtrnms :rcrr.:Yi by l.rtxirs under tree
<br />'VCxe and fwrsdp'aphs i and 2 3xrent €ha`d he appirisi Esv i encscr C;rst :r, px. cncnL ,,, ant.+d.us patio: k ;. E.tader by 89rrnwt7
<br />~•txiCr pa.apls . !`-et+eof, rhea to tnzerest paymhie ern zhe tii*tt thr^ t t`x r'ac„mot . , r!+r S't,Ce. and tE3en to interest and
<br />pr-=ntapal on env Erector Atirsmca.
<br />i. L i~ t't. t~rfaxcr ~ttail ;ra'. ::i ;etic+. ax;tssi:=,ra.s s;;~i .-"*rr , `;~=cr= '..,_~ .~mi =•nnettiiroas aiinhulabit t0
<br />the Ptcspaaty wMctr tnaY anam a prrarny .-vr:....t „r r€g~¢e ~:r~ .crF .,... - .,..,.-._ -,.^~ '~... ,r '- .. _!? tM manatr
<br />Xfrtraai9d waste parspraptr :. hrturt ;Br. ;, nt>t paid ,n aunt: rrxnnes. r~ it.». r:~v,rMt:rs;ri;: pa',~mtnad •~rhxrt dui. drrntly to tEx
<br />payee thcrn:Bt. Bnrrcnver shat? pxvrnprls ; urnrsEs ~.~ i rawer ail z,..=t,cr~ , . ,.str.yreits ,+°c ~.,nt'!tr t ;:a taragraph, and to the ev¢at
<br />Ekuzts i~l make papmcxr: tirrc+~Lt+. Eta,rrnxcr -her! :: ..r;z=xr~ -_ , ~.;„kr ,r:erp,,+ :-=urn~;ng such. pavmrnts.
<br />Btxrcxoa .hail prompt.iy +3~hargr zry :Lin tad~n ^;x~ ; e~,,,,tr {.:c; ° :,5 :i :igaa ei. :,'sea ti.~rr.rw~r +haii vat bs
<br />tC~Y ."tsd to drar:harte area' att.:ti irrn ,. .sr:~ as di.,rrtnrer seen:! ..;rrc :.. »....;;p ' -- .-:. t;trrBr . , ;hc ..,t+iait'at r.:.n secured by
<br />tiifrft IArL ttb a PSanMt t~Yt{~=tatSre rah t.r,;t{ke3, c'! Eriaii ~^~ k.x'+at :3iLh t.:n[i'~` :~:t:.n :xel: •:'~ , :' ~`eten<: fnr,~:Crmrni llt St1Ctt lien rn,
<br />legal prtss-~IItrgta wh~2; esprrarr t. ;-rcarnt tae; enie~rcement , . .er :-..... ..~°'csr: ~_ :. tkez Prsyxrts , € aa: part thcrcof-
<br />~. fr~+/liuoee^saee. lkxrs+rcr Khali t;;ep ,rsc :tttrrnrrnrnty r:, =,+ s=a>t=~;g ,.< ?+~:rattr; r. c•.trd ;~n the Pmprrty msureai
<br />agatttat irrss i•y tlrc. hazsrtts c~:iutird v, ether. Lre ecrm _tten=te:t ...sz=ear en;r s~xh :.~tnrt ^arards a+ i caclrt :nay rtquue
<br />:end to arxh asrsaurts and for s:scl: y~rtr;xts as t.rnclrr :.. rruure -, ~Sru. ^^at ! .:......trait tset rriCutrr that rise artroum of
<br />tatki3 csavrragd etc-+exd €n5i atnau:v -., ..='rr a.~r rr~i;:re'e! --- :'a: the - ,_.. -ec. h'.~s a Lir±=ga$e
<br />:CUUrarrce .srtur rxurtd:n$ the rrsstuarscr .ns1i csr ,R,nen '-.- iS:xr=wrr auores:t ;,: epprocai h}' tender: provrdcd.
<br />tkat wch a~rtsvai ..>a:t nib `~ +_tr€izcir;Eta;, wi~.e~ 4li ,.....,,. ., r:s::aatxr .._.o =hail hr ~atd ;n ±Eu manner
<br />prowsalrad uttdtr paragtac°tt _' E:crmt ur, st nc= ra,J et spin znat_nrr..nr.d srr:rwer rnsk:n$~payrnent, •.vErrnrduc. ~rrectiy tv the
<br />itCiuraCxt Cafrie!"-
<br />sa a._ ~.. ;..,r,.-,« .ter .,r:,.».:.s uxrr~a ALE `sr ir= t;*rn: _.: _<: r~_^:€ _'.~ ! _a.~r~r ;;ad :nail :n~i,zsir a ~;anilard mortgage
<br />tfaeae to favor irf atHf 'n ii>rm acsaptae?r tci i rrxdrr 3 rts&r ,'=tat -t.i .t`r 3ahE ., .- ;d .,:t ; ulr,: Lrs ::nLE fen.. 'au :i c-:.
<br />sad f3orros.cr shall prsanptly furussts :c f cedes al; renewal -. c,_ca anu ail :c apes ~o€ ; asti grrnuums- in a:.~ evrnC oP cross.
<br />fiOiTSawcr~ sfsa?i grve pnxnp[ rw-tree {<: ;he ;ruurxncr carrerr arts t rtnlcr. i znascr urav znaie pees;,+.:,t ;tax :f n,>t evade promptly
<br />tt_y Borrtnrct-
<br />L'tsiamt ,trades aeu! Borrawcr sathcrwsu ,~rrr <, nr:tia$.:.,srt•us.r rr xrexsa +isaii trc ap: itatl !z, rrstoratiun <,r repair of
<br />thti i'i'trpttY'rY danwgeri. presvecka4 ruin ;asi:tcaFx.ar :^r rzp;t,t ,s .«rxmt..a,is ~;asiC.c aid tier srr,uttty rat this ,4lartgage is
<br />aoa tEsmrahY uapstrixi, if swab tesetvatrnn vt -epa:r : r„x e,;~°rMrmt:a;i1 :ease .ie „r zt :ne suur;t:~ of ti::s ?Y?ortgage wauid
<br />iBC itttred. t_'sc rosuratkx ;Breast~"six +isail csr wppiee is t.~ cite +;ettrs us;,rcv kt thu ttengage. ~.,:h she z~ess, sf :tray. paid
<br />zo Borrxssrrr. E: =.ix Prapetty ~ ahaedntBed i••. ?i,srr:~w er. ,'r ,r f3tPrrawrz tabs t,~ rcxpc>ne: '., i-ender w;Fhrn iii days from the
<br />sane notset cs rnatitif ray f.ctufrr t.s Borroarz::.*•at ttrt :raurar c ;.srr;er : ;',erti t,i x-rzie .. ci::.tn tvr ~nsuraou !Benefits, Lender
<br />to at.~.zl tat cc=f~t arBd apple =i'+t :,.surar4e ftt><•9 aC _er~>er r .~ptto^ ratl~r t.r rrxtorat,s2n >>r rc~sr of the Prc+prny
<br />er to the scans xrctrred tBy thta htc-rt-
<br />t.Ftrles L.t:sckr and Bttsrower athet~sase :tgrce :rz wsr:;o>;.:,r.t r:,:h alspie:atrian ,=r pr.B,eeds to prinipal ~hait rsor rztend
<br />err prxttgaex the slur sets ,=f she nssBnthSy t;43tsi'.taer;s se#er:tti t. _e F:aragrapns an:t _' hrrec;? :;r :hange the artrount ~?i
<br />trtu~aJEmasts. ft wader pax-agt-aph 1S tse~rdr€ the Pz~pen; n aayuue4i n Lzndrr. ail r:g31t. torte and imeresr i;z Borrowre
<br />to a~ to alt :ttauraac:¢ podx~us am! r., anti => t;,te t --1e2sis ;htrea,• rrsuittng £rc,~ u:i3mn~ +.~ the Prsapertry prier zo the sale
<br />ar ac~iton shah peas to Letxter tz+ rise extea? • , ^te sums .ecurr~C c~ rites tiortgagr .rnrnediasri} peter kr such save cr
<br />i. lssYtr'rMiait std .'+4sfltatsittcc. eat Prapsartyt Lesstek~ld+t Co - -- Pranced t.'ad ~. Gorrowrr
<br />their #tagp the larapetty in gcsoti rrpatit end shall rs*et cgtrunit wasar =,_. ;xrmtt unpatrrreent ar dtteriorattam of the Pmpcrty°
<br />,pad sAali corrtply with the provisxms u: acts #rs>3r ai this Sis3tzgage iz ou :, ieasrhvitl. li tELrs kiortt~agr rs ott a nttn in a
<br />eaadtrtniatuan fx a pfanatad watt LievetcBpncealr, f3rstrxsrr snail isetfrxm al} ut l3orrvwer ~ vtsltitauons uiuiPd the drelarauan
<br />c~ :ovaoastta ~mxt€n; yr t€c~'isrnrng the kc^oalc+msntuas ;rr zt€antsed cents s~velapmrnt, the Sy-laws anci mguiattans :~f fhe
<br />r nr f credit detelt~ttstent, and 4Qa~tttNrXtt documents. 1! a condunnnitirrt ar p?antsed trait tlereluprrtetti
<br />:sdR w eaaotrasd ittY r and rrs~3txtcG t;xgcthrr wrth thtt MaBnga~, Lhr coverraats :tad agrrzrnrat; oz .uch ceder
<br />s!~ kds seoncporsled tarts xtsd sited! armstd sad s;spp3rtttetu tree covenants sad agreements of this Atattgagc as +f ihC tidtr
<br />worse a ptst .
<br />!T'[My~#at ed d,atadr~s ~. If i'xtrxox-cr (ads to p~rrfarm the cm-enartts acct? agrt-entente aonasitxtl rn th#s
<br />~ ~ if aalr aetihe .x is cwred witirh ntatcrially afltrcts Lrrretcr`s iaterlst lit the Property,
<br />b~ tttK batutpA to, ratugarrt dtttnsiri< insxBlser~#, cads etrfar+armzru, e+r atraagcrrtauts or pnxceedingt invalvtng a
<br />ltt'e datrwfC¢nt, tiaso i.cAder at i_eatdar`s +,?ptioe, apron rtotsee ;n t3crr'twver. rrtay nsaltt lusts appeatartixs, dislxrrrie stu:h
<br />std att~ # ~ st d rwa:~aaart to pt~,oEt txndEr's trrt <r~as~rr~, ><ttt rr~ ;i-ntt~t# ta, 4isbtrts€nterEt of
<br />ittsstatt~'a fees end: entrg nfxxa tlse Property to ornate rrprin ?? tender reyuireu ar~-rtgagr inxwan~ as .r
<br />;,:rsatsfitarts d t~ rise foam s~tued iw this Mrtrtgagar, &srrorer aFasil pay nice i~Breannmts rrgCrixctt to maintain souls
<br />an[ftn+p ~ pct t itnas as the tatirtot ices 4ttrit :t~aras~r t+dsttssr+stes an ;scctBrdiFtte< wait Btsrn,wer"s and
<br />
|