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Home My WebLink About0925 Utta~otit ~wn~ns. Dot~~ aod Leader omreoant and a~roe as follows: 1- ~4~ ~~1 ai I~le*eM. Borrower shap promptlY psY when due tbe principal of and interest on the' ' i~debledse~s evide~oed tl~ Ncla, j 6~ pAepa~t aud late charges u provided in the Note. and the principal of aod ialerost aR a~ P~uns Ad~?aeoa sec~ed 6~ thi~ Me~tp~e. 1 P~ t~r't~s ~i i~w~a~a ~bject to applicabb law or to ~ written wsiver bp I.endar. Borr~ower shall pay ~ 1o I.eader ouu t6e daJ? moatN~ ~ d priacip~l and interest ue paysbk unde~ the Note. uatil the Note is paid in fuil. ~ a s~ (I~aeis "P~edt'~ eqwl 10 ooai~rdEW of tLe ~rearly tua and assauna~b which may attai~ priority over this ~ y~R a~d P~d eeNa a~ tbe Propaty. d aop. plus ooe~twelhh of yearly pt+emium inuallments foc hazard insurauce, P~ af 7'ea~l!? pesiu~ imtalimeats to~ aaoctp~e inwnnoe. if aay, dl at ~wsonably estimated initially aad fmm W~e 10 ~ma bq l~der o~ tre ba~'s of a~as~nd~b aad bilk aod rtiasonabk estimates tbereof. 'I~ ~ ahall be 6dd iw ae i~on tbe deposits or acoounb of ~rhich are insured or guaranteed by a Fedenl or r~ ~b ycaer Isndvr if t.esdet is sacb an ia~itwion). Lender sball apply the Funds to pay aaid tues. assasments, s P~ ~ O'~a rrcats. l.eeder may not cbu~e for so holdin~ and aPP~Y~ag the Funds, analyzia~ said accoun~ a Me~i~ria~ asd ob~ said apeamd~s aad biQs. unias lrendet pays Borraver inte~eat oa tbe Funds and appticabk law ~ P~b i~de~ ~o a~e ~ a cbar~e. Horr~vwer aod Lender may a~ree in writing at the time of exxution of this 1~[ai~ye t~t ie~est ou tbe Paods sba8 be pid to Borr~owu. aad unless such agreement is made or applicabk law roqui~es suc~ iraest tu be paid. I~eader ~sll not be required to pay Borrowe~ any i~tenst or earniag,s on tht Funds: Lender ~ i~ b~. ~t cmr~, aa aoaual sooountina of the Funds showina credit= and debits to the Funds and the p~pae ~ aob debit w tLa Fmds ~ a~ade. The Funds are pladgod as additionsl sacurity for che wms aecured - If tbe aso~t af 1ie Rsds 6dd b~ I.eoder, toaether with the future monthly installa~eats of Funds payabk prior to 4 t6e dne d~tes of ta~,a. aMn~me~b, n~anooe p~wm and around ~ts. shaU exooed tGe amount requicrd to pay said taxa, a~¦~nb. i~waeo~ ~¦¦s aed pa~od reots ss tl~ep fall due, suc6 excess shal! be, at Borrowe~'s option, either ~ P'~~7? ~ b Doriow~er at a~edled b Bort~awer oo moathly installmerits of Funds. If tbe amount of the Ftu~ds ~dd b! I~de~ ~ ~ot ba s~ic3e~t b ph taues. ~b, insuranoe premiums and ground rents ss thcy fall due. . Ha~'ow~er a6aY pn? b I~a~der ae,r aaomt neoasary to make up the deficiency widtin 30 days fmm the date notice is maikd ' by I~e¦dE[ b HorrO~ ~ Payme~t tbe~~of- i UPa Ptya~eat i~ fii ef all a~os sea~ed b~r t!~ 1NortEage, Leoder a1W1 P~~PUY refund to Bornower any Funds i 6dd b~ I~le~ If u¦der qra~rs~pi 18 be~eof ~6e Property is sdd or [be Propeny is o~he~vvise ~cquired by I.ende~. Lender ~ s6a~ apph?. m hler tdn i~oedialdy p~ior b the sak of tlx Property or its acquisition by Lender, any Fu~s held by ' I~eader at Me uioo of appSca6o~ as a c~dit apimt tbe wa~s aecured by this Mortgage. ` A~ca~ ~t lfq~re~l~t. Uolns spplic~bie la~r provida otherwise. alt payments. reoeived by Lender under the Nob aad p~r~rap6s 1 a~d 2 6acof sbaY be applied bp [.ender fi~st in payment of amounts payabk to Lende~ by Borrovrer uoder p~ra~raph 2 haeo~ tiea b ielaat parade on tbe Note. tlxn to the principal of the Note, and thcn to interat and ; Pnea~l aa aap Fetu~e Adra~oeR ; Ci~s; Ile¦~. ~onowrt sbaB pay aU tues. ~snxnts and other charges. Baes and impositioas attributabk to 4 16e 1'ra~paty wbic6 ~q attai a prio~it~ o~er t6is Maiaaae, and lasehold payments or ground reats. if any, in the manner po~ided ~der p~p~ 2~aeof ar, if not paid in wch manner, by Borrowe~ ~in~ WYmeat. whea doe. directty to the ~ pa~?ea tie~eof. So~nower ~MII pa¦ipty furaith to Ireader all notioes of aawunts due uader tha paragraph, and 'm t6a eveat - Bon~awer sra/ aate paY~eaR deectly. Borm~rer shaU P~~P~Y [utni:h to Laider rooeipts evidencina such paymeatt. ' Ba~ivw~rr sh~Q p~ia~ptl~ ~e ao' tim whic6 bss priority over this Mortgage: pmvided, that Borr~owr.~ ahaU aot be ~qo~ed to fis~~e wcb lie~ so looa as Borrower sha11 a~oe in writing to We payment of the obligatioa secured by mcD iiaa is a mauQ aooephble ~o l~eader. ar shall ia sood faith oontest atich lien by; or defmd enfoe~eement of wcb liea in. laal poooe~iq~s wr~ich opaate to p~ereot tbe eafoneemeat of the lieo or forfeiture of tbe Property or aay put theraof. S~ Haai i~a~c+a eoao~er s6all kap the impr~~nts now ea~istina or t~enafter erocted on the Propertjr iaaured ~ ~pio~t las 67? ~ bara~ds iocloded wit~ tbe ~eerm "eacteoded coverage,•~ aad such other hazards as I.ender may require aod 'm snch asa~s~t aod fac mc~ periods as I~eader a~ay roquir~: Providod. that I.ender sh~ll not require t6at t6e amount of sucb co~e ezoeed ffiat awomt of ootiaa~e roq~rircd to PaY the sums secured by this Mortgage. 'ltie aa~raooe ca~ia po~idm~ die i~oe shall be c6oaen by Bormw~er subject W approv~ by Lender, provided, t6at wch app~o~ai s6a11 not be uanea~ombly with6eld. All pn~niums oo iowranoe policies shal! be piid ia tLe manner p~arided u~eder pa~~paph 2 6aoof ar, if aot p~id in suc~ manner. by Borrow~er malcin8 P~Y~t, w6ea ~e. directly w the in~a~a~oe cacrie~ ~ i All im~uaooe poiic+a aod ~ah t6er~eof :6a11 be in form acceptable to Lender and shall include a standard mortgage € clauu in hver af aod in farm ~ i aooepsbk to I~eader. Lender shall have the right lo i~old the policies and renewals thereof. : ! aod Bocm~+~er sb~l pmmpd9 f~~ w Leader all renewal notioes and a!I receipts of paid prunium4. In the event of lass. ; ; Boriow~er s6a11 Eiv~e p~ompt ootioe to tix iaWU:ooe arrier and i~ender. l..eader may make proof of loss if not made promptly ~ 1ry Bor~+o~er. ~ ! Udes I.eede~ aod Bot*o~w~a at6a~vise aaroe in writing. i~uanoe proceeds shall be applied to~ ratoration or repair of i ' dx Propaty dam~a~od. P~vridod wch Rstoation or r is euonom ` ~ repai ically feaaible and t6e secarity of this Mortgaga is s oot tM~ impai~d. If sacb rato~ration or repair s not a~onomically feasibk or if the sxurity of this Mortgage woWd be impai~ed, tLe ioaQaooe proooeds sl~ 6e spplied to the sums secured by this Mortaage, with the ea~oe~, if any. Paid ~ ~o ~ If t6e Property 's ab~ndooed by Bormwa, or if Borrower faik to respond to Lender wit5in 30 days from t6e ' 0 date mtioe is maiied by I~eader to 8orm~rcr that tbe ir~uranoe carrier offeia to settk a claim for i~arance beoe6ts, Lender ~ is wt6ocimed to ooifect aod appi~? tbe ioWUanoe prooeals at La~der's option either W ratoration or repair of the Property : or b the sams secu~d 6g? t6is l~t~. i Udas Leader aod 8ormw~er othawri~e a~re in writina, any such application of proooeds to principal shall not eactend = ~ or patpooe the due daie d t6e mootbly iostallments referrod to in parrgraphs 1 and 2 hereof or change the amount of ; socb io~t. lf uedQ p~agaph IS ~eteof the Propaty ia aoquired by L.ender, all right, titk a~ inW+est of Borrower - ~ in aod io aay iawaanoe pdioia wd "m aod to tbe pmoeods thereof rautting fmm damage to tbe Pmperty prior.to the sale ` or ao~an shall pa~s to i,eoder b t6e a~teat of the suu~ securod by t6is Mortgage immediately prior to such sak or ~ ir ll~e~enaii~~ ai Mai~oe ~f lt~aRf; I.ea~eioli~ Coodoioid~ lla~d Udt Derelotmeeb. Borrower ahall teep 16e Pr~opeiq i~ ~ood npair and s6aD not c~om~pit waate or permit impairment or deterioration of the Property ~ a~d a6a11 complf wil~ il~e pt~aioos af aur iea~e if this Mortgage is on a leasehold. lf t6es Mortgage is on a unit in a ~ ~ ooudo~o or a plaooed m~ de~ndoQmeat, Borrower shall perform all of Borrower's obligations under the doclaration ~ or oo~reaaats ae~tias or ~o~+~a~ t6e oondominium or planoed unit development, ihe by-laws and ngulations of the ~ eoodo~ or plaooed uoit deMdopme~, wd comtituent documents. If a condaninium or planned unit developma~t ~ ~ rider s esec~Red b~ Batower aod ~ieconded toseiher with this Mortgage, the coveaants and agreements of wch rider ' ~ sball be iooo~paaled io`o aod s6a~ a~ead aud suppka~eM the ooveoants ~tnd agroements of this Mortgage as if the rider vMete a patt haeoE ~ ~ 9. Ra~eeliN st Le~ie~'f~ See~iq. If Borrower fails to perform the covenants and agroe~nb contained in this ~ 1[ort~ ar ~ a~ actiao ar p~oceodios is ooma~eacod whish materially aHocts Lender's intereat in t6e Property, ~ isci~dio~. but eot ~ioiled to, es~ioeat doa~aio, iosolvency, oode enforoement, or arrangements or prnceedings involving a ~ 6dtrupt ar dec~deat, t~eo I~ead~er at I.eadet's optioq upon notioe to Borrowec, may malce such appearanoes, diabarae auch ~ wot aod tal~e sac~ actioa ss 's oeoaaar~ w protoct Lender's inte~est, including, but not limited to, disbursement of s res~oeabk auomeys foes a~ e¦fr' npoo tLe Pmperty w make repairs. If Lender coquired mortga~e inauranca as a eoaditio~ of ~ tie lo~e secured bq t6is Iriortgage, Borrower shall pay the prcmitmna rcquirod to maintain uuh ~ ~ i~wtcaeoe in ~6ect aW~ wc6 o~e as t6e roquvement for such inwrance terminates in aocotdance .with Borrower's and ~ ~ o R z~ ~ sz~ - ~ _ . eooK ~ _ _ . x,: ~ s~ , ~ r_ _ -