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Home My WebLink About0819 UN[raw Covan~nts. 6ort~o~wu and l.eode~ covenant and a~ree u fdlows: L i1p~eN e1 hi~e~l ri I~hral. Borrowe~ shall ~rromW~f Par wt~cn due lbe priocipal ot snd interat on the i~ evideaced by the Note, propayment and late char~eC aa ~ovided in the Note. :ed the princip~l ot snd interes~ aa my Futut~e Advsnces secu~ed by this Mottjsje. 1~1Mi~ ter T~~s a~i I~wsea Subject to applicabk law .w to a writte~ wa~v~er bf? l.e~rd~r. 9o~'o~re~ shs11 P~Y to Lender on the day ma~thly installments ot ptincipal and io~crcu ~re payal~le unde~ the Note. until the Note is paid in tull. a s~nr? (herein "Funds'ti eqwl to oee-tweltth ot ~he yea~i~ ~taa~~ arn1 assasmMa which mar ataio priorih? ove~ this Mortja~e. and ~ro~x~d renb ae tbe P~+~perty. if any. ~lus o~+c~~wrlt~h d yearyr praaiwn iaual~a ior hazard insurarrce. ph~s oe~e-twelfth ot ytuly premium installmeets tor nw~t`a~e inu~~ancc, if aap. aU as ~so~abh? estimattd initially and trom time to time br Leude~ on the buis of assa.sments and hilh and rcasonabk atimata tbereot. The Funds slall be beW in ao instituticm ~he depas~ta or accouats of ~rhich are insured oi Swnoteed by a Fcderal ot nate asency (i~cludi~s Lender it L.ender is such an institueion). I.eode~ sball appty the Fuads to par said tua. sssessments. iawranoe premiums and ~ound rcnts. l.ender may not cha~ae Ior s~+ holdin~ and applyiaa ~he Funds. anslyzin~ said account, or verifyin~ snd comqli~s said sssessmeou and bills. unkss Leode~ p~ys Borm~re~ interat ou tl~e Funds and applicabk law permits Lender to make such s charge. Borrowe~ aud l.ender may a~ee ~o wria~ at ~1+~ ~~me ot execution ot this Mortp~e t6at interat o~ the Fuads shall be paid to Bormwe~, aad uoless suc6 ap~eema~t is made or applicabk law requira such interest to be paid. Leode~ shall not be required to pay Bonower any inte~est or uraings oo the Fu~ds. Lender shail pve W Botrower~ without charie, an annwl accounting of tbe Funds showina credits and debils to the Funds and the purpose tor which each debit to the Funds wu made. The Fu~ds aro ptedaed u additional socuritY for the wms secured ~ ~ MO~' dk ior to It the amount ot tbe Fuod: held by Lender, to~eethtr with the future monthly installments of Funds paya pr t6e due data of tues. asussmcnts. insurance premiums and ~ouAd rencc. shall exceed the anaunt required to pvy uid tua. a:swmeats. i~uranc~ premiums and gmund ra~ts as they (all due, such ezcess shall be. at Botrower s opnon. either - proo~Qtly reQaid to Borrower or crodited to Bormwer a+ monthly installa~ena of Fuads. lt the amount of the Funds l~dd by L,eoder shall not be sutficieat to pay taxa. assessmeats, insuranoe premiwra and Scound rents as they iall due, Bort~oaer sball pay to Lender any amount necessary to make up tbe deficiency ~?ithin 30 days tram the date notice is maikd , bp l,eader W Borrower requatiag payment thereof. Upoa payment in full of all sums stcurod by this Mortsaae. Lender shall promptly refund to Borrower any Funds heJd by Leader. If under paraaraph 18 hereof the Propenr ia sold or the Propeny a otherwise acqu~ocd by Lcnder. Lender s6a11 apply. no later than immodiately prior to the sak of the Property or its aoq~tion by l~ender. any Funds held br I.eoder at the time of application as a credit against the sums secured by this Mortaage- 3. A~licatio~ ut Pa~weNs. Unless applicabk law provida wherwise. all paymeMs received by Lender under the Note and puagraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payabk to Lendtr by Borrower under puagraph 2 heroof. tben to iaterest payable on the Note, thrn to the principal of the Note, and then to interest and principal o~ any Future Advancxs. C6aRex Lieds. Borrower shall pay all taxes, uxs.sments and other charges. 6nes and impositions attributable to tbe Propetty which may attain a priority over this Mortgage, and leasehold payments or around rcnts, if any, in the manoer ~ provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. wheo due, direcNy to the ~ payee theroof. Borrower shall promptly furnish to Lender all noticu of amounts due under this parasrsph, and in the event ~ Borrower shall make payment directly, Borrower shall promptly tumish to Lrnder rcc'eipts evideocinE such paymcnu. Borwwer shall promptly discharge any lien which has prionty ovrr this Mortaage: ptovided, that Borrower shall not be required to discharge any such lien so bng as Borrov?~er shall agree in writmg to tl?~ payment ot the obligation secu~ by such lien ia a manner acceptabk to Lender, or shall in good faith contest wch lien by, or ~efend rnforeement of such litn in, kgal proceedings which opente to prevent the enforcement of the I~en or torfuture of the Property or anY Pan therc°f- S. Haisrd lasnrswce. Borrower shall kap the ~mprovements nov?• existing or hereafter erocted on the Property insurod against loss by fire, hazards included with~n the term "extended covc~age". and such othe~ hazards u Lender may rcquire and in such amounts and for such periods u Lender may require; provided, that Lender shall not requirc that tho amount of such coverage exceed that amount of coverage required to pay the sums socurcd ~by th~s MottEa6e. 'ilx iasurance carrier providing the inwrance shall be chosen by Bomower subj~ct to apptoval by Lender, provided, tbat such approva! shall not be unrcasonably withheld. All premiums on insunnce policies shaU be paid in the manner provided under paragraph 2 hereof or, if not pai~ in such manne~, by Borrownr mating payment, when due, directly to the iowrance carrier. All insurance policies and renewals thereof shall be in form accep~abk to Lender and shall include a standard morigage i clause in tavor of and in form acceptable to Lender. Lender shalt have the right to 1~oW the policies and renewals thereof, ~ and Borrow~er shall promptly furnish to Ltnder all renewal notices and all receipts of paid premiums_ In the event of loss. Borrower shal! grve prompt notice to the insurance camer and Lendcr_ Lende~r may make proc?f of bss if not made promptly ti by Borrower. . Ualess Lender and Borrower othervvise agree in wriUng, inwrance proc~~ds shall be ~pplied to restoration or rePair of _ ~ the Property damaged, provided such restorat~on or repair is economically feasibk and the security of this Mortgage is ~ not thereby impa~red. If such restoration or repair is nat econamically feasibk or it the stcurity of this Morigage would ~ be impaired. the insurance proceeds shall be applied to the sums secured by this Mortgaae, with the tacess. if an}, paid ~ to Borrower. If the Property is abandoned by Borrower, or it Borrmver faiis to respond to Lender within 30 days from the date notice ~s ma~led by l.ender to Borrower that. ~he insurance carr~er oHea to setUe a claim for i~uurance benefits, Lender ~ is authorited iu collect and apply the insurance proceeds at ~en~ier's option e~ther to restont~oa or repa~r of the Propert~~ ~ or to the sums secured by this Mortgage. ~ ~ ~ • U~lesc Ixnder and Borrower otherwise agree m wnting, any such epplication ~•f proceeds to ptincipal shall not extend ~ or postpone the due date of the monthly installmentc referred to in pangnphs 1 and 2 he~eof or change the amount of ~ sucb installmeuts. under paragraph 18 hereof the ProE,ert}~ ~s acywred b} Lendcr. ali nght, titk and int~rest of Borrower ~ ~ in abd to any insurance poiicies and in and to thc proceeds thereof resulung from damage to the Propeny prior to th~ sale ~ or acquisition shall pass to Lender to the e~tent of the sums secured by th~s i?fortgage ~mmediately prior to such sale or ~ acquisition. ' 6. Presenatioo aod ~laintenance of Propert~•; LeasehulAs; Condomiai~au; Pfaaeed Uoit De~dopments. BorroW~er ~ shall.keep.the Property in good repair and shall not comrpit y~aste or permu impairment or deterioration of the Properry ~ and shall comply~ with the provis~ons of any leate rf this ~lortgage on a Ieasefx~Fd. If this Nortgage is on a unit in a ~ condominium or a planned unit development, Borrower shall pertorm alf of Borrov?er's obl~gations under the declaration ~ or coveoants creaUng or governing the condommium or planned unrt development, the by-laws and regulations of the condominium or planned unit development, and cons~ituent Jocumen~c. If a condominium or planned unit cievelopment ~ nder is executed by Borrower and recorded together w~th ~hn Mortgage, the co~enants and agreements of such ridcr shall be incorporateJ ~nto and shrll amend and supplcment tbe co.enants and agreements ot th~s Mortgage as if the riJer were a part hereof. ~ 7. Protection of Lende~s Security. If Bormwer (a~h to perform the covenantc and agreemeots contained in this Mortgage, or if any action ur proceedmg ~s cummrnced wh~~h matenalh aHects 1_enJe~'s ~nterest in ihe Property, ~ncluding, but n~~t I~mited to, emment domam, inu•l~cnr~. c~~de enforcement_ ~•r arrangemcnts or pr~eedings ~nvoh~ing a ~ bankrupt or dec~dent. then I.eoder at I.enJer's option, uEx.n n.~hce to 8orr.~v?er_ ma~ mai:e su:h appearances, d~sburse such ~ sums and take such act~vn as ~s nece«ary t~~ pro~e~t Lender's ~n~erest. includine_ but not lim~ted to. disbursement of ~ rnsonable attomey'~ fec~ and emry up~n Ihc Propcrl} to make repa~rc. If [.~nder reyuirrJ mortgage insurance as a z~ xw+ condrtiun ul makmg Ihr toan ~ecurcd b~ thn ~1~~ngagc. B~~rruv?,rr shell pa~ thc premiums reqwreJ to maintam such ~ ~nsunnce in rfTcct until such Umc as thc rey~nrcmcm for w~h ~suran:r t~rmmat~~ ~n .~c:urdance w•nh Borrower's and ~ ~ ~;~T~~v~~ s~k~301 819 ~ _ ~ . ~ ~ ~ ~ _ _ - _ ~ ~ ,.~'rr . ~ ~ - ~ - _ ~ ~ r ~ ~E ~5 ~ ' - ~ - yr ~e~ ea ~ ~ ~