The URL can be used to link to this page

Home My WebLink About0579 _ _ . _ . _ . ~ UNVa~~t Covsi+sMS. Dor:~o~rer aud l.eader oorenaat sod a~~ee s~ fdb+w: 1. lqwent oE lri~dpal aod 1aue+e~t. Eo~ro~rer ~AaU prompd~ Wy ~rhea due the prindpal ot and iacerac o~ che indcbtadne~ erideaoei b~ the Note.~pa rmeat snd Lte thar~a a prorided Ia tbe Note. at?d the prindpal at aad tatea at oa any ~utnre Advanoa ~eau~d bp thi~ Mcrtaaee. t Ip~ ta~ 1~a aed Ia~urasoe. subject co applicabk L~ o~ w a~irlecen ~ver ti~r Lender. Sarr~o~+er ~haU_ ~a~ w I.ender oa ~be dsr a~ontht~ i~utallmenu oE prlndpal aAd Intaat are parabk under tbe Note. uncil tbe Note i~ ps3d in r~a~, a,um ~n eqw~ w o~ewdc~ o~ ~e ~earty caxea ana ~e~e~~ ~b~, m~r acc~, prariti o~es e~ Mort;aae. ud ~ound re~u oa the Propertr, iE aa~. pl~u a~atweltth ot lrar1l Pmnium imtallmrnu [or huard iawraaae. plus on~?arelEcb of pearly ptrmlum inwAmena tor moct~aae iawrsa~oe. i[ an~. all as reawnablJr atimated inltiaUp aad irom time w ttme b~r I.ender oa tbe bub of s~eau usd bi14 and rrs~oaable aciwoata thereof. The F~ ~haU be beld Ia aa iaaitutbn tt~e ckpaiq or aooounu ot Nhich an inwred ~~uannued br a ledaal c~ uate a~tu~7 (tadadtna LeAdet u Lender i~ wch an iastitution}. Lender ~hali apphr tbe Funds to pay ~aid wca. awa~seau. inswance premiww aad ~round renu. Lender maJr aot tharae tot w Aoldtoa and aPPll~~6 the Funds. analpsins aid ac ao~nt, ~ verlt~ and compilin~ aid aMe~meaa aad b~7b. unk~ Leoder psJr~ Borw~rer tntaat oa the Fnadi and ap~ plicabk L~r pamiu LeAdtt to make wch a chsrge. Bon~va aad I.rnder ma~ a6ree ia ~rriciaa :t the time oE acauion ot this Mortaa~e tIIat iaterat oa the Fuad~ shall be paid w Borrarer. and un{w auh agrecment is made or appliable ls~? - requira wch iaterat to be piid. Lawltt ~l~all not be rcquircd top~r Bo~ro~rer aajr f~terat or eunin~ on the Fund~. Lender ~hall ~ire w Dort~n~rer. ~?itbout charae, at~ annual aaoouattna ot the Funda ~ha~ria~ credits and debiu to the Fuadi and the - purpwe for ~rhk6 ach debit co tbe Fuads ~ra~ asada The Phnd~ are pkdaed as additior~al ~a~uiq tor che sum~ ~ecured b~ thi~ Martaasa ~ ' It the amount oE ehe Ft~~ds hdd bp Lender. coaetber with tl~e fatnre monthlJr inualla~eaa oE Funds payabk prior w the due data ot auca. axe~ents: ic~uranoe premiums and gmu»d renn. s~haU exoeed ctK amo~nt required w pay saId tua. a»ewnentt. iawranoe premiwas and 6t!ouad renu ar chr~r fall due. au6 acoa~ ~all be. ae Bon~o~rer's opcioa. dther P~P~ ~ w Bo~ro~rer or cr~editcd to Borm~rer oa awnthly installmeAa o[ Fundi IE t6e amount oE the Fuads heW b~ LeAder sball ~t be w.ftkkat tn pay wca. auer~meau. ~uuranae premiums and ~mund rents as che~ [all due. Borrawet shall pay to Lenda aar amouat neoeaary to make up the deficieac7 ~?it6in 30 dap fmm the date notioe u aoaikd b~ I.ender €n w.,.,rt.... .wi....:~'~ g~ ~rg~~~ r1.~.rr.E . ` UPo° Pa~meat ia ~ill oE aD atms ~eaued bp thb Mort~a~e, Lender ~6all prompd~ refnnd w Borro~rer an~r Funda held by Lend~x. IE nnder ~aph ls hereoE the Yeoperty is ~old ot the PropertY is other~vi~e uquired br I.ender. Leader ~=PPh~ no Lter tban iautp prior to the ak oE tbe Propert~ o~ its soquisicion by Lender. anJr Fuadi held bp . Lender at the time oE appliatioa a~ a cradit againu the wms ~ecured br tbi~ Mortgaae. ' 3. AppBntioa of la~senq. Unk~ appliabk la~r prm~ida other~ri~e, sU payments rcceived by Leada anda the Note and pua~raphs 1 and 4 hereoE shall be applied b~ Lendec C~rtc iA payment oE amounts pa~rabk co Lender b~r Borro~rer nnder paraaraph Y hereof. then w iaterat payabk on tbe Note, tlKa co the priacipal of t6e Notr, and then w interest and prtadPal on aar Fnam Advanoa. C'6ar,~e~C Lien. Sorro~?er shaU pzy aU wces. as~eameats and other chu~es. ~na and impositiom at[ributabk to the Properqr which ma~ attain a prioriq over this Mortgage. and Iea~dwW payments or gronad renta. if aay. in the man- ner pmvided uuda pa:aarapb Y hereof or. iE not paid in auh msnner. b~ Botro~wer makins Palment. ~rhen due. directly to the pa~ree thereoL Borrawer ~hall M'°mPtlp imai~h w Lender all notiaet oE aaaunb due under this pan~rraPh. and in the event Borm~ret ~hall make pzpment di:ecttr, Borraxes shall prompd~ turni~h to Lender reoeipts evidencing such parmeaa. Borro+rer shalt P~°Pa7 ~~1 lien ~rhich has priorit~ orer thit Mortgage; provided. tbat Borro~rer shall rat be ra quired to discl~rge any wch lieri so bng as Borro~rer shall aEree in rrritins to the payment of che obligation secured b~ a~ lien in a manner aaeptabk w Irender. ot sball in g~ood [aith coatat wch liea by. or deEend e~forament oE wch liea ia, k- 6~ P~~~ ~rhicb operace to preveac the enEorameat oE the liea or torieicure of eLe Propaty or an~ parc ~ 5. Har~d I~owuana. Ba~tt~o~nra s6a11 i~eep tlie impro~rements no~r acisting o~ haeafter ertctal on t6e Propert~ in- I wred against lo~ br Eire. hasards incinded ~rithin tbe cerm "excendcd aovera6e'. and wch aha huards u I.enda ma~ ra quire u~d in wch amounts and for such periods as Lender may nquire; provided. that I.ender shall iwt require thae t6e i amount oE wch oo9erage acceed ttut amount of oorerage sequired w par t6e wms secured bp this Mortgage. The inwtana arrier providina the insuranae sball be diosen b~ Bmm+?er wbject to approwll by Lenda: pto~ided. ' that wch approral sball not be unrasona6ly writhheld. All premiums on ins~uana poliaa shall be paid in che mannv ( providcd under para~aph Y hereof os. i[ not paid in wdt manner. by Borto~ret making pay~aent, ~rhen due. directl~ to the insura~e carrier. AIl imuranoe politia and renenals thereoE shaU be in form sooeptabk to Lender and shall indade a sw~dard mort- gage dawe ia favot oE and in form aoaptabk w Lender. Lender ~all have [he righc w hold ehe poliaa and renarab thereof. aad Borro~rer s6a11 prompdr fnrnis6 w Lender aU rene~ral notioa and all reaipa o[ p~id premiums. In the event oE 1oas, BorraMer ~haU give prompt iwcia to che inwnnce carrier and Lenda. Lender may make prooE of loas i[ not made p~PV~ M~ Borrmirer. Unks Lender aml Boreo~rer othen~rue agree in rrriting. insuranae proceeds ~6all be applied ce ratoracion or repair of .~p..--tr 3s~ta8~. ri...'~. s::3~ ztstazaziaa ar repsir ~S ex::~'s~~l; #~k anc! ~+uitr ~f thi~ Mort~e ie n:~ thaebp impaired. If~auh rs~toration or repair is not eaonominltr Easible or if the ucwitp of ~his Mo:cgage ~rould be im- pairsd, the imwana pt~ooeeds sLall be applied to tlie wms ucured br this 1lfartgage. ~?ith the czoas. if anr. paid to Bor• rmoer. H ehe Proper~ is abandoned b~ Borro~rer. ot it Borrorcer fai4 to rsspond w Lender ~rithin 30 days from the date notia is mailed b~ Letidet to Borrower that the inauanoe nrriet ot[as to iettk a claim for inwnnce benetiu. Lendet is authorised to aollat and apply the iwuranoe proaeds at Leaday~ opcion either w ratoration or repair oE the Propenr or to tbe sums ~ecnred b~ tbis Mortaaae. Unla: La~der and Botrawer otheraise agree in writin6. an~ sucb application of proaeds to principal stull not a~tend or poapone the dae date oE the mont6J~ inuallmena referred w in pangraplu I and Y hereof or change ehe amount of wch installmenta. It undet para6rapt~ 18 hereaf the Propert~ is acquired by Ler~der. all right, tide and interest of Borm~ra in and to any insurance policies and in and to the Proceed~ thereot rewilting from damage to the Preperty Prior to the tak or acquisicion shaU pass eo Laxler eo ~he accene of ~he wao~ sea~red by this Morcgage immediacel~ prior co such ~lt or uqui~tion. 6. h~aatadon and ~[aincenanoe oE hopaq; Larebold~ CondominiomK Phnned Unit Derdopments. Bore+on~er shaU ketp the Propert~ in good repair and st~all not oom~nit ~nste or petmit impaira~ent or deterioration of the Propetq and dull oomplr aith the ptmrisions o[ any lea~e if this Mottaage is on a lea~ehold. If thi~ Mortgag~e is on a unit in a eondomiaium or a planned nnit drvelopment, Borro~rer ahall perform all of Boiruwer's obligations undtr tbe declantion or aorenants crating or aoverning t6e condominium or planned unit development, tbe br laws and regulat'ans oE tlu oondo- minium or planned nnit derelopment, and oonuieuent docnments It a condominium or planned unic development rider is acauted b~ Borrm~rer and reoorded wgecher aith thu Mort6age. the ao~venants and agreements of wch rider shaU be in- ourpolattd into and shsD amend and snppkme~t the oovenants and agreements oE this Mortgage as iE the rider ~rere a part ha+eof. ~ ' - 7. hotection o[ Itadee's 5ecnriq. IE Bortm?er faiL to paform the oorenants and agreements oontainod in thi: Moregaae, ~ ii anr actioa or psoceedin8 is oommenced ~rhic6 materiall~ affects Lender's interat in the Property. indudina. bat aot limited w. eminent domain. insolvenc7~. oodt enfocoement, ~ arraagtmenn or proaedings involvio6 a bankiupt ar deoeden~ then Lender at Lender's option, npon notioe to Borro~ver, may make wch appeannoa, disbune sucb snms ~ and take wch action u is neoarary to protett Lendet's interat, induding, but aot limitcd to, disburxment of rea~onable attorneys tea and entrp upon the Property to make repain. If Lender required mortga~e insurana ss a oondition oE ~ making tlie lwn fewred b~ this Mort~e. BorroMer ~6ai1 par che premiu~ requind w maintain wc6 inwnnae in eE , fea unt~ wch time as the requirement for such insurana terminata in aocordana nith Borm~rer'a and I.endet's wtittet~ - - • - r~ 5?9 ~