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J ~ ~~ i ~ l , ` fl t~Y ~j ~d <br />~ltatFORtd CovS~a.a:,z~rt's. $orreswer and Linder ca,~venant atxf agree as foilowx. .~, ~°'" ~.) U a~ <br />2, a# ttrd Imttatat. Harrewtr shat! promptly pay •xhen cStx iltt (trt>;ipa.t of aad intert~ on else <br />~ triderzcrcef try the 'vote, patpapment attd Tate :barges as pravtded in tl,tle tiatt. and tltt prirxspal of and.ntetexY <br />oa arty Frosts Advancstx secured icy this A4rsrtgaa+,. <br />2, Bar 7 t~ Sts[ io apph~.zble Saw or is » wretttn waiatr by Ltttt~r. &srrovrer shall pay <br />zo Lest$ae on zbe day mptrithly i~allrr~otx of principal and tnttrest art payaD}e unc-.r the '`iou. until the Mott rs paw in fulS. <br />a sitar fher>'in "Ftmds"# egiu! to oat-tst+elfz}t of the ytarty iaxts and asstxarztents wtt~h may »tiain piierity over this <br />M~[aage, attd ground rents on the Property, if any. plus one-twelfth of yearly premmm itutallments for hazard iasttrattce. <br />phrs oats-twettth of year4?r pnmir~ti i~tailmenta for mortgage msuratxe. rf any, art ax reasonably estttnated initially and from <br />time to firm by Leader on the basis of assrasmenta artd Kitts grid rcasonabk t:sttma!ea thereof. <br />"Z7.e Film xlsa$ be fuM in an insittunon the dtyasiu or aceaunts of wltece aft trsstrr?ed or goarantxd by a Ft~tral or <br />ata~ agency f ittclttditxg Lender if Ltndcr is such an institution l 1-ender shalS apply the Funds to pa3 said taxes. asatsstnems. <br />irtaaran[e ptCmitmts and grneutd rents. tsndtr may rot charge fur sc, hoidin¢ and applying the Futsdx. analvzang said account. <br />err seriiying atad compiling xaid asstssttteries acid bibs. unless leader pays Borrower mierest oo the Ftittds and applicable law <br />pKmF(i Letsdtr to matt such a charge. Borrower and txttder ma}~ agree to tinting at the time of extxution of this <br />Mortgage that interest on the Fttitds shall #tt paid to Borrower. and unless sttth agreement is made or applicable law <br />rt~taiztea such initrest to tx paid, 1_tttder shalt nut he requtmd to lea} Borrower env interest or earnings on tits Funds. i•ettdu <br />shall give to lsorrowet, without charge. ;tn annual accounting rf the Funds showing crtdtts and debits ro .he Funds and the <br />pttrpoat for wb~h tech dtebit to the Funds was made. The Funds arc pledged as adddionat seTUnty [or the s.mts secured <br />by ittis Mortgage. <br />if [rte aRiQtt[ti e{ ttte Funds held 'try dxniltr. together wnh the future riionthly installmtnis of Funds payable prior to <br />the dtte darts of taxes, asussrtieatts, irzatrarrce premiums and ground rents, shalt excetxf the atrttnartt required to pay said taxis, <br />asae~ata. insuratut prtxttiums and ground reties as they tall due. Such esctss shall be, at $orrc+wer's option, sabre <br />p€omptly repaid to $turowet .x cra~ii[ed to Borcower cn monthly enstatfmtnts of Funds. 1` the amount of the Funds <br />lttt9d by Lender stwil not be stti5~t to pat iaxcs. assessmentx. insurance premiums and ground rents as they fall dtte. <br />ilorrosret shall pay to Lertdtr any amount nteessan rn ttrasc ;:p ttte drtictency w~itiun 3o days Iron the dart notice is matted <br />by Leader zo Burrower tegtxstmg payment tlurtsnL <br />tiptm payment sn full of all stuns xecutxd by thu !4lertgaRe. 7 ender shall prt)mptly refund to Borrower arsy Furids <br />held by Leader. If uttdtt paragrapth iB hrrtof iris Property „ s:,id nr the Propern~ is otltcrwise acqutrtd by Leader, Lender <br />shtdl apply, ro later than immediatezt pnor t s the raft et thr Prt)pctty ur ns acyWSttton t+y Ls:nder. any Funds held by <br />Lender at Lht trines of appla:atirut as a s:tedtt against the some secured ny this 'vorgage <br />3. A~et~ td Psayaroefa. t,'rlcv apphca#xk law rrc~vntes ,xhrrwtse. :il paynzitnts rc.-etved by Lender under the <br />Nntc ai'~ paragraphs 3 and Z bettor sitar( be applied by 1 ender nr3t :n payment of amounts payabte to l.ende: by Borrower <br />ttt'sr~r pasaifrap}s ~ txrmL [her-, t:z rntertrst payabk an tt#e tic,tr. then t..-, the prina:tpal „t tt,c ?vrne. and ilsen ti, interest and <br />pruxipal cn arty Fututt Advances. <br />3. L'6 I~as. Borrerw~er s#tali pat till taws, a,ses3mrnts end .~thrr ;barges. ti roes and rmpostttt,nx attributable to <br />t Pro~rty ,rtt~h tffiY attain a ptrority cost this A;artgagc.:end kasttttoici t?aymsnts ,=r ground rents, tf any. m #ht manner <br />ptore#~z ttn~t paragraph Z herusf or ,! rot , a:d :n sttt:h r.:anner, nv Hnr:t:wrt making payment, when due, directly to the <br />payee tf~ttnf. Borrower shall ptrxnptlY turrasie tr+ t ender ail iiauce, .,t amounts due uttdrr this paragraph. and In the event <br />Rnrrowtr shall matt paymtttt il;tt-ctlt. Bcxr:)xsr :hall pron:ptts tumtsh t,r 1 ender receipts F-Ytdrncmg snub paytntnu. <br />S~rovrtr shall primtpttY diacttargc any seen »nich has pr,nrity i.rrr this ~fortRagr: per*vnletl. that Harrowu shall not #x <br />rtz~sutrat io dtxlsargt any suc§ 3tcr, so lung as Brxrawrr shall ague ns s.rueng to errs payment .ez the obitgatien secured by <br />sts~-ft heat en a rnaaner atatptablt to Lent-er. ur ,hal to gsx+ci fatih cuniett such faro #+v, ur defend entnrerment of such lien tn, <br />tegpi piztct~gb wtuch optratt to prevent the ?atcu+:estsrnt of the 9,en ,~r forint:,r, c,t ttx Pr<,pcrn• e,r env ;tart thereof. <br />S. 1learsaatt. Bo[rawnr steal! seep ~4c :retpruYenrems .,,. H ctsang ,.; 'nrreatter rrcaccl ctn the Pr+,periy ensured <br />aXaitsst fast by ftrr. hazartfs mciudttit within the term ~etrrultu :,+vrtagr .and ,,+ch e,ttttr hazards ti+ [ realer may reyuue <br />and m atxh amc:usta artd I,~ sisch (xznrSs a: t_rndxt rosy teyu##Y. l~r.:.-[dad, t!aat 1 endc; share n,~t r,`yurez treat ?he amoum tit <br />streft coverage esectd that atitc,unt f coverage rryutrsd t,+ rat the +ums ,r_r:t:rrd hs~ this !.furtgage- <br />'Ilte rrtairttnsc cartetr preYt~titzg tttt t_.rattac s#ialf !~ c5~~er•. `; Firvrnw-er =,eb#~t tom- _ppros.R! h•. lenslt.r: provtdtd, <br />that attclt appnwal shall noz bt unrttascmahle withfsckl. .iii prrmtums stn ,ns>rra?,rt c+~lt~ita shall hr ;Hard ?c, the matuter <br />prswiueci uttrkr parttgraplt ~ hereof nr, tf rtoi paid to suc:n manner, by Bt,rroxer tnaftmg paytricnt, when dot. titrerity to the <br />itsKtraact r_arfttr. <br />.'~..~' P~ -r g~.;:~~.3 ,_~a -- .:-.€r~Tt s: -x. - -- t.u~ a .cep#aiie #.r -l+r - . - - ---+i ,nciistic a Sian hard +.+a,r-tgagt <br />:~ ~ faro-r p =fit ~: ft ~,=:~.t~1'~ to in..~,= ,-r,.drr ;?rate ha _e t::a rtgt;t t,. n.;tl ::.t rssl;~-~~ ;, °enrwais ' ,e.~s. <br />a>S aas>satrta'Rr :Masi fly rtir~4 t4, i_~!-nL*?t' a! -~~-??~g! ;4)ttCE3 «nd tiff feetiyta c;t pan'E p;'~m:ilin3 In fret eYrnt `(:t ttt3s_ <br />__ sttrlt w - - - ._.i 1 u <br />~~ ~._~ ~. 3~,F~~`..~~,~,o. ,z..,..• .rarasa~r.... ww,..ce ux,v c.,~~c+. a cz,e~r .s -_ - .eq.r~ - ~-> .-i n133 !4 r.LR .ll3u . - ; <br />I.%nf¢~ f.£'nd@r airy l~er3+i3i:~@€ fTtJ~r'~'riC a~#Ta~.C iEi :i riiii3jJ, i?ts;}raniC 1`RriTCi1S sni11S [3l' a~tplt[d il, rC3tC rirnSln ,tC rCpLIC tit <br />rite Preperty damttgtd, pYUYtded itxh ftsic2tion 4'r repair .> tCtSiOrntiatly fra3tblt And it)C SLi:Urtty of ttiiS M1i nfiaagt i+ <br />itot ttt3reby itaparrtd. If Bitch ttsioratnm or repair is roe rcorurintcally tzastble or rt the secuniv of this Afortgagc would <br />2tt tsRpatrtd. tltc irmut'ance pzoceeds shall be appittd to the Bronx secured hy° this Mottgagr. ~si[h the eaccss, if any. paid <br />Lo Bttrtower_ if t[x Property is aisaru#une+d by Rcfn)wer..,r tt Borrower tat#s t., ttspc+rid to Lrixlrr wuhm ?v daps t« ern the <br />daze notice is errs:3~f by under to Byrt?sver that the c;zwtattc-e cart:rr r>tiers t., zettie :, ~irtm ft,r manrartic t,treetlts. 1 ender <br />n sitzAoraaad to collar aril apply ills irnuracue prnetts{s at lenders c,pttun tether to restorauon ,+r repair e,t the Property <br />.x sa tfte Braun stcttr~i by zh» Mortgtsgt. <br />lJttlealt Lender attd $suttneer othttsvat ague to wnteng, ant' stxh appiteatitxi ++f prtxeeds to prttutoal shalt not estetrd <br />or pwsptxte ire flue dart c,f tl~ rnonthlt in~sliments rt.'ferred to in paragraphs i and 2 bettor or .hangs ttx antuunt of <br />aa+~# rn *trtc ll izt~ ;,aJ:tz itS txrertf t~ Prex::p is a~yut, ~ fy 1_~ :fir, alt right. ist1G and ruterat of Rorrc~tt <br />in attd tv any rrtsurance policies attd in attd to iht prix:ecds thereof raulnng from damage to the Propene pnor to the sale <br />or ncgtfrf~rpbtrt shall pass to ixuder to the terror tit ±ltt Bunts sesurari t,y this 4ortgage ,mmedtatety erns +,~ .uch +ak ,er <br />at'~a~itt~af. <br />A. Psratlast amd ~ ~ Pi')i t.eateeS~ti < P!t-antd t%ttiil [Ttteiapmswrs. lzcxros.er <br />sltteli tt~ the Property lit good repair attd xha$ tort ciMmtnit waste or permn trttpatrttxttt ar dezetlorauan of the Property <br />atgl shelf y with rht pxaYisrirns of any lease :t th#s Mcrtgagt ~+ v+a a leasehold- I( this 'sf urtgagt it un a :=net ur a <br />iaat t?r a pfanated unit dtYrk)pmttmt, Borrower strati trrit~rm all .at Rortowcls ubiutsirot» wnitt t#tt dectata_ur+r: <br />of etArsxtaata itsttg or governing the condominium ,,r planned unu deve#.+pmeot, the by-laws and rrgidatxans ~,f the <br />'«"~ :'8- ~ tom. ~=Ss .'s,.°,t. and ~citt it:cnt ~. ...i:,:rcn;s. .+ - s~seiOnieoiib7i or planned :m tt dt'S~iapnxni <br />rtd~ rs c~;.u#td Gy BtirrcvrYaet and rcxcsstbd u-sgrtlzer wnh thts Afr.Ktyatzc. ttte ,avenanis sled °gttemetttz .r: st;ch rrder <br />-l3#f - - _. trdar grid stta#l aaeod serer ~uppis:mttu the ~ ~cuants and agr~tnerttx of this ltortga~c a+ ,i, fix rtekr <br />a fsaa~. <br />~, 'fA~Iis11l4 +~ 1.leiafa Serssgy. !f &rrro,ver tails #o perform the :nvtnants s*ttf agreements ,:=~ttattted in this <br />tar II any acUan es¢ ptxttszetaltog es :cvuiettoctd ~.-h.eh materially ,iltr~is Lcrndtt's „T!^=rtxt i^ tit= P•,•~rs~, <br />ttt€~, try lair iitaitid it=, rmttttnt donattn, ertsralvtrx-y, ~:ads rot:)rttrrur}t. +tr arranttcrtunts or proceedtnlts rnvr,,lvusg a <br />tf~aattt9pt At $tiea3s9t, tlisai lzisder at Leatkfs iption, upam rKxrcc t-, Bc>?rm>er. mar roars rush appearatuts..lashut*,t such <br />lams[ a~ it;te Besets ss~-6utn as i+ tt~ta-esturi t pr3Srzt i~tnfcrs ,titterer, !+„~.li~dtn#S. nut :vx ftmncl t.,, ,i?wt>sxt~senxnt ~.i <br />r ~* !~ and FrNrY =iptm :test Prc9pertt ut make trpacrs. If I er;drt r4ynired ns<-rt-tgagr tasuraner as ,; <br />'R. c:.' ;ice 1:,~ :actr~~t t- #hcs :.3a~7tjtaJtc. Ra,rrvwrr shalt rag the itteinrumx rc~yttxed t,> matt9tar?, s: rc3t <br />artras fr# t treat[ Batch time as t'x trstuuaiaertt fur :acts rna7tFanf:9i rtrmrnaiss rn asxx=rrlanct rvtzh $rrr~,seer F artd <br />