|
E I I II ~ III I I I I III I III VIII! I N 1.11 I II I 1_ 1; III I 'IV I I I III II I III ' I I'll III I 111 1 11'11111 IIIIIIIIIi;lll
<br />~, ~,~
<br />i~
<br />€ I I~I~
<br />T~tvtFOat+t COVENA!VTS. Borrower and lender-covenant and agree as follows: III
<br />, •~ d
<br />1. Pa meat oFPrinci al and Interest. Bcr.cwer shall- coin dv av µhtn due t c rind al of-and into est c t e
<br />k r r P ~ ~ ~ r r
<br />~ indebjedness evidenced by the Note, prepayment and lare charges as pravided in the Note,, and the principal of and ~En~ rest
<br />• this Mort a e. -
<br />on any Future Advances second b} g g
<br />~! r 2. Funds-for Taxes and Insurance. Subject to applicable law or to a written waiver by [..ender, Borrower shall -pay
<br />to Ixnder on the day monthly installments of principal and lateral arc payable tender the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly loxes :mtl assessments which may attain .priority over this
<br />Mortgage, and ground rents on the Property, if am'. plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mnrtgage insurance, if any, all as reasonably estimated utitially and from
<br />Eime to time by Lender on the basis of assessments and hills and reasaiable estimates thereof. -
<br />'I-he Funds shall be held in an institution the deposits or accounts of-which. arc insured or guaranteed by a Federal ur
<br />state agency (including Lender if Lender i. such :.n institution 1. Lender shall ::pph the Funds to pay said lases, assessments,
<br />insurance premiums and ground rents. I ender may not charge kx sa holding and applying the Funds, anah•zing said account.
<br />or verifying and compiling said assessments and hills, unless l.endcr pays Bprrnwer interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in wriung -at the Cime of cxccution of this
<br />Mortgage that interest on the Funds shall he paid ro Bnrr?wee, and unless such agreement is made- or applicable law
<br />requires such interest to be; paid, Lender shall not be required to pay &xrower any interest or earnings on the Funds. Lcnder
<br />shall gist to Borrower, without charge, an annual accounting of the Funds showing credits and debits, to-the Funds and the
<br />purpose for which each debt[ to the Funds teas mode. 1"he Funds are pledged as additional security for the soots secured
<br />by this Mortgage.
<br />If the. amount o[ the Funds held by Lender, together v+ith the future monthly instaUmrnts of Funds payable prioc to
<br />the due dates of taws, assessments. insurance premuuns and ground ants, shall exceed the amount required to pay said Laze,
<br />assessmrnu. insurance premiums and ground rents as !hey fall due, such e+cess shall be, ai. Hnrrower's opu+in, either
<br />promptly repaid to Borrower or credited !o Rnrrowe~i an month_ ly installments of Funds. if the xmotint of .the Funds
<br />held by [_ender +halT not he sutfiicient to pay taxes, a~ esements, insurance premiunt+ seal grc+iutd rents as, they--fall- due, .-
<br />Borrower sha16-pay to Lendertny anrourit uectc art' tt, rnakt up.tha dtficienct-with n 3Q d:ivs from fte date-ncitica is mailed.
<br />by Lender to Borrower_ reyuesnng ptkyment thereof.
<br />Upon payment !,n full t,,f alt sums secured by~ this Mortgage, I roller shall priimptit• refund--to~ Barn}~'er;iny _Ftinds
<br />held by [.:ender. If under paragraph I$ he.rof the Proprttt' 1~ sold iir the F'raperty i othrrw'ice acgtiire.d"bv Fender:-lender
<br />shalt apply„no lacer than intme-diatelc pour tq the ,ale r.I the k'rop4rt-y ar its ;,equisitton by Lender. any Fuptls held by
<br />[_ender at the. time of appli4ation as a 4redit against the stuns secured Ix} tltrs -:4ltirfga(;e. .
<br />3, ARRlieaiidn°rrf PayrtTents: l=riles appileahie law ~,n?+rdes t,thet~c4r,e ~rlf pay-me=nt; rejected by [ sYndrr ttnc#or rho
<br />Mott and paragraphs I and _' hetrut' shall be appircd h}' Lcnder tirst !n p;iymeat of amounts payable to i.enifcr_by Harrower
<br />node prkrtc!pai of tlic' Mott, an1L then to ikitcrest un<f
<br />r paragraph 2 hcreot, then to untrestp;ttahle on the Yotit,-then to th+
<br />__ prtnctpal-on-ant' Fu[utc Adv~nc:ts_
<br />J. k:harKes: I.ieas. Borrower :ha#1 pay all lases, r„t,smtnu and gthcr charges, fines and unpc,sjkkons attributable ti?
<br />the Propetty which may attain a paucity over chi, '`t~+rtgage. and leaseht,id payments tie ground rents. ~€ ant',. in the fktanner
<br />providtd under paragraph ? hers*o€ Er- of rot pa}d lit-3ueh ntauutr, h} -13orrtzwcr maft'ing payment, +r~trn-dttrs dtrtfl[y-t« the- -
<br />pave~ thereof, Borrower shalt promptly ti[rtirsh ktt t ender sit not!its ctk ;itr{i=ants chic. under this paragraph, slid iii fhe event
<br />Brarrawer shall utake payineiif drre+kly, Borrc,wcr ,hall nre\injtilt turnip tr. -!.ender receipt, rsiden4tng sti4h (tn+rntttts.
<br />Horruwtr shall prompllY discharge :my [ten whtrh l.a, prutnty ~tv~r khts ~tuttga4t: k+nat,IGd. that Borrower sCiatl noF be-
<br />rrqur_[t.'+Lzt> drscharge_ arky <u411 fisn_4a+ Ic!ng as Lvtrt=w~ot shalt-.+gcr•c lu ;, rt! a1>; p+ 4!tr p.r}Ltieni uC rhr wFhgatit+n c'v sired hv= _ - -
<br />auc-h lien !a a manntr aa~tptabie t., LcnJar. =rr ,haih lit go.ici luith i+,ntr.t ,:rth It4n l,y, +~t aktend rutorrcrttrrtt ~t_ w,l=;h Iron rn,-
<br />legul proceedings which operate to prevent !hc entorceutent i,rl the Yren t+r iarirnttrr af~t[te 1'coprrty +a aeic l,:ut thereof,
<br />S: Hazard InsnrkincC. [i+trrc!wer,ha'tl Aeep the iniprctva•ntent, nx=.w c+'k,targ +«! h~r+;tfr^rr-+sr.tk4di,n.the Fir+iprrt+• incurrd --- - _ - - -
<br />agniust loss by fire, hutard,, rn,hided wuhw the !cote „v,tcriJe+t ~«ver,tge.', nod srtch othri hazarrts as Lcnder tua5' ~~v€uur
<br />_ - - - -and in stiwh amutin€a-and t«:« ctrkft: knrcad+-as. Geodes itrat v4y:tttrt'~ }~««^~ \ke-1 'h-,ri I eli~fe r •!!.il€~+.t rrgtiirE-That rh<~~~~ ~ ~ ,~` - - `.
<br />__-_ - s!}411.4tiverage-CY,:ecd-thak .ilFtiHttrt .l ..'~-zi-arc ~c.~i.:. c{1 ks t'..~--{!~, ,.t~:~, , ;'~.-~:,i I~', ,I.. \1.~~I~.,~t -- __ - _-
<br />the ins[rance ct?PrrCr prn4Tding Th2 +rtSnC,.nve tiliatt F+~ ~h~`3Cr} 1]\ fl,ltt«~N+:i .ill'~'il I, .ItFtir~~iilf i?+' i.~Fldt?t: pre*t°tt1vJ.
<br />- - - that auah,nppra+'a! rtha[F caul hr tinrratuitah[} wat[ilirid -`,I[ pr~rrriiiirn ,~n ut,ulouc~' p~dl.~r, -.hall i:r pa1,l lit' t[u ufannct -----
<br />-. -[lttt4'rdrd-cinder psta~P.tplt .°. hr;fit[ ..*r,-~# rttEt j~a..t to-such rtttt€trrcr-, -i,~ Il„i~,,.\+'i I!iaw ,~~; t?.«\Ifri~ri~ ,shrri.dim. ~-.,~~~. tl\ ;. ;r.+. _-:'- _.
<br />krisurtii4e ~arrutr.
<br />_- ~ '111 Inau rnn4e k1cl~iCiC+ anal renrsa ,+i, thC!r~ 1 ,h•,i: t,>~ in ;~nm ~,.v Iii :hie m i in,in .::~«I ,na{I ~. i~r.0.' ., .; .Ir Li.u.l i ~'g~i:~ _
<br />- ET~t},C :Fi ta, l'r i^} knd ;IF tt#rnl a1..\C(l l.l' Il' ;. ~ l.:: t7c~. { ...li .,,.r I' r.: I~i\' l i~; elf I" '~ I\I '. kt, Ili,« \ =~«1 '. Ir«. ,\ 1_~ "t'~~r ! --- - - ----`-- ---.cnd-Bc3[I'i?+vci ,haft ptsriiptky -~zrtr~,7: m ! .~ ~:. to f ,~e:«:.«~r::, i ~ tl„+_ ~ \ r« .. _ -- --
<br />Borrower shall Ktte [zrpnrpt nuu4e te+ the „f.urinw-,-arrrvr ~~«J i.eudvt t sr~ndrr r~~~.rytn,fAV~pr,~~r, "t i,,., iLn+.rt nrtdc p~• ~~athl,~. - -
<br />hY Borrower.
<br />Unless ! ender and B+.in+iwer otherta;,v age+=c .a a tttitsft. ntstrtaircw ['+rin at+f, stutft ~ apF*dird t~ Cr±t,+rauou ter rvprrr .*t
<br />" the Propett>_ tiauragrd, prov+dcJ ,uch_rrs~urau set .=r 6cpau ea e+t,tu'tmtkrtlly A k,il*[~ and tht` ,tturuy itt rFrs ?1,isrrttkagc !i
<br />our thertb} imps+rtd_ If ,ueh-rest~t;it,ott ~t trpact-s a.t .•~~itek[Ytt:ut;, r~. ,,,1* e ur rf ?he srruttt} ._? khr. !f ~t#<~. v v,;d,[ - - - -
<br />he !nlpatrrd. tfia utsuTnnac pt•xrc`+l+ ,hall hr appite.l t+~ tttr ~sunts ~r:rtrc=C r, thrs At,+rfgag+s, '..rth the caws , tt , n4,t p.ud
<br />te, Bevrruwer- IS 1ha P-roperk> i, di,artd«sned `==ti [~rri..~.ti,r~- •. ,? C!e«[tc~w~_r I.^~'~, 1. ern;kytr~ tr. Irtakr Wi,ihrrn-ittida}* irYni Eha> _ _
<br />date Hunts rt utatkd t»_ l.rrxler tv k~kir€c3:ti Ct that ttkt =sxsut-ars~t 4,atrr~ e~1Ern ,~~~;lr ,; efuktt for tnturarite turrcriiy I r kilt'
<br />r+ ;ruthanx>rd t,i collect lard apl~,[y tit' =nstrrau+c iz.r~~ca-eda ~t Len;ict~a ."ptrk•n ~4the€ ttr ts~t+rtafiotk m ee~Att .=f -thg f"t,i{+4rt - -
<br />ur to the autos ,ccurrd h} thts !klatk}tagc.
<br />Unirs, Leader and Bon owcr +rdrrrw ru a,grra :rt >*t,atrrtg, Jn°i such 8ppli..«nnn r=t pt+a;vetlx' [ts pi !t«. ip +l +[r,tlh rrc?i alxteT9d
<br />or postpone rhr auc :!a[r o€ the mouthy trtnaitrueuk+-sstt~red t,, i+r para~rarphs E .tn;i ~ bete++i tIt , h u,,;~ stio: ant+~t}nt «,
<br />such iasta[hirrtlts_ [[ tattler paragraph ~xs hatti[ fhe Pr,*pett~ ,= acc}ettr~.l t-, 1 cr:tfe: ,,t1 riglft, u~ aiy.1 , .~; itvt .~i Na+tkr=a;t<'
<br />rn ;ond ao any irrsuran4r-pNh4tr~ and itt and t ~ tl~ `re+,~,~+_ fhtry.=t rv~uttkr:a u~:n1 ~,ntcc~.--ur t,~t t'~^~Iti;., i.l ,'r-st 1~ ,~,t --
<br />_ ur aequia.tttc,n sh.tli pass to ItTttfrr Lek iha r~teut ttl rhr ,ants se4ur by n:, v~.~ir.,,;~ ..tour'+t1.uv1, !'~It~l I ,,h ~,t~' , .
<br />xCqutR[tton:
<br />- __ fi, Prr+gflgp_apd.~ltuat~ttnrkce +"f:1"R~~elt\: 1 rgsvli«rF!f+~ f «ei««I««ntlk#run,:_lilunnrrl t nit Itrrrt«yentrnl.. tt ,..,;, i _:.
<br />_ -. _ attafLkr==rp thf` Prup~'-t't}'- rkt ~+~k3d-R'2p[tk7 ~€H~,`. F}ItII-t}+-'~ v~Ytln4t? \,t .-t'I }`tf rt7ir Er`t~„'~ltll'~t'. ,~; \I~ftll, 1.~1 ,~ ,,~ ~'t+' 1 .~I~i 11', _ __ _ __ - nod shall ~uttiply with rhr ptovtsi~us +~ ant ie¢ie at tli~ ~Stietf,..ht ~~. t~tt tvicsr#ke?4d _ ld tell. vio ~..~cr ~. ,~ rt3rt , ~
<br />,,,, ,!,. ,~ .r, ...
<br />corrdununtuni .*r a plattnrd un~C dr,~l~~patti:rLt, lfr~rtt=avert i~arr C,, +~n, its` +,t Et„ru=*\\~ , „t't~t! ra ~ , .,,I\,
<br />__
<br />_ _ _ u~ ,,rivettantg crawti~g-_r1r }aoicrtirttg tfte-an~uriuiunt ot_ptu~TS`d grit{i ile+ui,aFst+;.lt4 ~y~ats'~s utcl rti:~.ai..~ n rLt~ - _
<br />condunrlmum +~! planned uttif :Ievetopineut, ,usd c.tusturirt;t .Irwutra.irts_ t!-,t ,v~ud,rtuu'iutm ;ir p,,:,rec.vI ~ +4c+ri .i+rrtcr,tt ~~
<br />^~~t Ls cxrcuted-hy_Ct~r~wcr and retiuded !=rCEtdtet' wee[! tAw \t.=kik;iga., tt~- ~u~tt.%t4t} .Lola! agec~tu.,t~ =t-'~«ul:-=~%T -
<br />- ,hall 'CrC tlt4ttrptfatC`<i take 4rrt1-shall w4tnt'flci sled svppiCale'rt [ttc, al+c~rttizi-t dceti-a~C~4r17ctik': cif-this '.v#ctl T~.t~,'c^ .14,t7-Iv#c: si:.ict - - -
<br />` weer a [,art htrrof.
<br />IL... 7. Praection itf f.endrr's :~trurity. Id HL«rrc,~rr fa«i, r„ ~rfi«arrn rhr 4ovrnuots an+) akrretn~r?is .==rti,utieti =sr r!>,t
<br />Ma?x t~+d{#4. +=r tf tt[ry du UC+n tiI j+Ci>4CC4[urg n +rJtltr;Ft'IK'-xi st!tt~,4 tyiadeiral3~ =rtl4et+ _# CFrS.[gi ~ !!tfk;t 45k ~i~. thC. l~~,rik'9i~'_, _
<br />tp4lu3hn~. bti[ ni>t hmcted tt?, etttlneikl dUnlatlk, elrbr«[=C ey i'. _ihLik: Jtk+#kC l7YR t't. a . .,. k,Ett ~t;ttt~tk¢~ +•t !*r^RC£t~rn~i !FSvdf~+a4~ Id
<br />t,atTlttlkpt tat xlctedent. tFsrxt Len:#er ar 1 rncfrt , c;pfiart: :p. rs .r:,u,x r,r3 -i#~,rr+ w °., rtr,~ oaf,+. sae~h apx°arir~. ~ " -h.€.n; .~ .:. S,
<br />wUti1, aifd rakt: s4~h at'lin,rrt .x rs ne+.Tr4tiin- i r pr ~yt+,r It^rdek = ±ttc test. ~tse lutSrn_~ t,viz- t±+nt_ itittttit t ~rt}pt[~xrnt€iT - -
<br />Tra~n;"tjia attC=rtrr i tC$i and iiMrt y- ti~U)[ +iTC P!i,5~j(i}r t.tlEtapS' !Cfsl!~!~ l: t5:71di't It1}k:lt+=k --.iSkTE~„e1,1'f tthit}r. , ~
<br />- actin#:z.".r =*.t ..axks¢rg 4ht [ciao sr,.utea;-ht~ ~h,~li~..-t{„aet tT+-.~Scn... ,ail. }..a,- -,=rt s ..€Fii --y,.:,e.=c- -t ,..~~.., ~ .,
<br />;tuasrx[k< in t^Cfr~t links; suFh tints as ~h+• tegttirentetu Tarr au,.lt -+t+t=.+sti,:t .=Ht=<*utb a._r;e3xs{a=e.aF =+atn ft-aa-i`.vasa , yii,v.^ --- - -
<br />
|