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Home My WebLink About0321 Uxa~o~w CbvsH~ttts. ~ort~ow~ aad l~eade~ oowaant and a~ros q tdbws: 1 hqw~M ~t lere~l M 61Mw1.. Bor~ aa++a~~ a~r wn~~ a~,. u~e ot .oa tnt~twt ou tM iadebtedne~ wideeo~d bp tM Nob. pt~epayo~eat aed late chanes u~ovided in the Nole. aad tl» princip~l d u~ MN~t oa any Futun Advsnoe~ ~ecund b~r tAa Me~t~a~a. 1 llwi 1~ 1~ant Mi I~we~w Subject to applicabk law ~x to • written wniver b~? I.endtr. eoet~o~rK ~11 pn to [rtad~ on the dsy montld~? iastalla~ents of principal and intarcs~ are. pay~ble w~dc~ the Nots, uMil tM Nob b paW M[uil. a wm (ha~sin "Fu4d~'~ equsl to one-twelfth of the yearly tax~x a~xl ~ts which may atuin prio~iq? owr th~ 1bo~a~e. ~nd Sround reab oa the Property. if any. ptus ont-twelfth d yarf~i~ pcemium iustapmsets [er basa~d itaiu~na. plus oaatwelttA ot ~reuiy premium iastallments tor mortsase inu~rance. it aey. all as ~+easonaW~? estlmated initidyr aed te~o~n i tinae to Wns bq Lsade~ oo tbe bais of asxssments aad hips and rcason~bk atimata tha~eot. 'ibs Pbnd~ ~all be beW in an institutic+~ the depnsia or arcounts of i?hich are jnsut~ed or ~uanMeed b~? a ltilderal alr wM a,~a~c~r (iachdio= L~nder i[ Lender a such ao institutio~). 1_ender sdall apply the Fu~s to p~r said tsx~s, ~u. inwnao~ pwniwm and p~ouhd reats. l.ende~ may not chaqe tor s~+ holdi~ and applyin= the Funds. analysins uid ao~ouM. or writpin=.aad aompilias ~aid anasmeea aod bilb. unlas t.eoder p~n Botro~rer interat on tl~e Funds and applipbN !aw permia Leode~ to make wch s chuse. Bonowet aod L.ender may s~roe ia writins at the time ot euecution ot thb Mo~t~,ye ibat iaterest ou tbe pun~ :ball be paid to Botrower. aad uakss wd~ asreanau is made or applicablt law requie~es wd~ iaterat to be p~id. I.ender shall not be roquir~ed to pay Borrowe~ any intecest or aranis on tlra Lender ~ pve to 8orwwer~ ~ritbout char~e. an annual aaountins of tbe Fun~ sbowin= crodits and debits to the Funds and the p~upo~e~a~ a~ debit to tbe Fuad: was msdo. The Funds aro pled~ed as additional ~curiry for the wna ~ecured It t6e aa~ount ol tL6 Fuod~ bdd bp I.e~der. to~ether with the future monthly installenents ot Fueds payabk ~ prior to tbe due data of tua~ a~rt~eab, iawn~oe premiwm and ~round eena. shall exceed the amount required to pay :aid taxa. aMe~woeab. imuranoe p~emiums aod ~ound reab as thep fall due. wcl~ excess shap be. at 8arower's option. eitlKr pramptly r~qid w Hoaower oc a~edited W Horr~rer oe moathly installmeets of Funds. If tbe amouat of the Fuads 6dd by I.eodK-shaU not be adBeient to pU? tues, a~asmenb, insursnce premiwqs and ~t+ound reMs as they tall due, Hon~ sh~U pay to Leoder aar amouat neceaary to make up tbe deficieacy withia 30 days [rom the date notice is mailed bp I~eode~ ~o Borr~cwer requatini P~Y~t thereot. ~ Upoo P~yment in full of all ams secuied by this Mortpge. Leader ~baU promptlp refuad to Borr~wer my Funds 6dd b~? I.eadet. It uader patayrsph 18 hereof the Property is sold or the Property a ahenvise aoquired by Lendet. Lender sball appty. no 4ter than imJnediately prior to the sak of the Property or iu aoquaition by l.ender. any Funib add bv L~eder at tbe time of applia~tloa as a crodit apiast the sums sxured by this Mort~a~e. 3. A~iintiM ot lq~e~b. Unks~ applicabk iaw. provida otherwise. dl pay~aents roaived by Lender undet the ~ No~a and para~caphs 1 and 2 6e~eof ~all be applied by Lender 8rst. in payanent of amounts payabk to Lender by Borrower uoder parasraph 2 6ereof, ~6ea a iaeeca~ psyabk on the Nae. then to the priacipal of the Note, a~d then to interat and principal oa any Future Advaooa. . 4. C~efi Lieas. Borrower shall pay all taxes, assessments and other charga, flnes and imposition: attributabla to tbe Prvperty which taay. auaia a prioriqr orer this Mortga~e. and kasehold papments or ~nd rents. iE any. in the manner pravided ~der par~aph 2 heroof or, if not paid in wch manner. by Borrower makin= payment; wha~ due. dic~ectly w tlfe W~ree tl~a~eof. Horm~rer dwtl pranptly furnish to Leader all aotioes of amouau due uader this pa~aph. and in the eveat Bornowrer ~6a11 maka payment direcUy. Borrower shall promptly furnKh to I.ender rooeipfs evideacinj wch payments. Borr~o+~?er sha11 promptly d'acharje sny lien which h~ priority over this Mortgage: Provided. that Borr~o~rer shafl not be required w dischar~e any wch tieo so bng as Borrower shall agree in writing to the payment of tbe obliaation tecured by such lien in a maaner aooeptabk to l,ender. or shall in gawd faith contcst wch lien by. or defend enforcemau of such liea in. ! kkaaal proceedinjs which operate to prevent the enforcement of the lie~ or Eorfeiture of the Property or any part tl~ereof. S. Ha:ari I~wra~ee. Borrower sha11 keep the impmvements now existina or hereaEter erated oa the Property inwred ~ s~aia~t loss by Sre. haurd: included within the term "extendod coverage". and such other hazar~ u Lender may requice ~ aod ia wch amounts and Eor wch periods as Lender may require; provided. that Lender sball not ~equire that the amount of ~ wd~ coveraae exceed that unount of covera`e required to pay the sums securcd ~y this Mort~ase. - ~ The inwranoe carrier providin= tbe inauraace shall be chosen by Borrower subject to approval by Lender. provided, k that wch approval shall not be unrasonaWy withheld. All premiums oa insurana policia st~dl be paid in tbe manaer provided uoder paragraph 2 6ereof or; if not pai~ in sucb raanner. by Borrower malcint {nya~at, wba~ due. directly to the ! insuraace cacrier. ' i All inwrance policia aad ra~ewa~ theroof shall be in form acceptabk to Lender and shall include a standacd mortsase ; clause in favor of aod ie form acoeptabk to L.eoder. Lender shall have the riaht to hold t6e poticia and rooewals thereof. 4 aad Bormwer shall protnptly furni~h to Lender all rcnewal notices and all rooeipta of paid pcetniums. in the event ot los~s. - i II ~ive promq notia to the iawrance carrier aad Lender. L,ender may make proof of {oss if not made promptly ~ Unkn Lender and Horrower otherwise agroe in writiag, insurance proceeds shall be applied to ratoration or repair of ; ~ the Prnperty dama6od, provided such ratorstioa or rcpair is econanically fea:ibk and the security of this Mort~s~e is 3 ~ not thereby impaired. If such restoration or cepair u not economically feasibk or if the xcurity of this Mortjase woutd ~ be intpaired, the insurance proceeds shall be applied to the sucro socured by this Mort~a~e. with the e~coas. it any. p~id ~ to Borrawer. If the Property is abaudoned by Borrower, or if Borrower fails to rapond to L.eader ~ritlun 30 days from the date notic~e is mailed by Laider to Horrower that the insurance carrier offen to settk a ctaim ior inwnnce bwefits, I.ender ~ is authoriz~ed to collect and apply tbe insurance prooeeds at Lcnder i option atlxr to ratoration or repair of t6e Property w to tbe sums securod by this Mort~age. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend ~ or po~tpone the due date of the monthly muallments referred to in paragraphs 1 and 2 heroof or chan~e the amount of ; s~ch i~aWlmeats. If under paragrap6 18 heroof the Propeny is acquired by I.eader. all tig6t, titk uid iotereat of Borrower ' in and to iny insuraace poticies and in aad to t6e proceeds theroof resulting from damage to tbe Property prior W thc sak ~ ~ or soqui:ition ~all pass to Leoder to tbe eutent of the sums socured by this Mortgage immed'utely prior to sud~ ss~k or a . f. lt~eaerralio~ sad Maioteoaoce of Property; Lea~ebold~; Condominiums; Pla~ned Udt Derdop~eels. Borrower ~ stWl keep the Property ia good repair acKi s6a11 not comipit yvaste or permit impairment or deteriontion of the Property ~ ; ~ aod ~hall comply with the pravisio~ of any lease if this Mortgage is on a leuehold. !f this Mortga~e u on a unit in- a < condominium or a planned unit development. Borrower shall perfo~m all of Borrower's obligations under the declantion _ or coveuants creating or governing the condomi~ium or planned unit development. the by-laws and =egulations of the = condominiwn or planned unit development, and constitcent documents. If a condominium or planned unit development ; rider is executed by Borrower and rccorded together with ~his Mortgage, the covenants and agrcements of such rider ~ sha11 be incorporated into and shall amend and supplement the covenants and a~reements of this Mort~age as if the rider were a part hereof. 7. ProtecHo~ ot Leader'~ Sccrrfty. It Borrow~er fails to perform the covenants and agreements contained in this ~ Mortgage, or if any action or proceeding is commenced which materially aRects Lender's interat in the Properiy. ~ including, but not limited to. eminent domain, insolvency, code en(orcement, or arrangements or proceedings involving • ~ bankruq or decedent. then L.ender at Lender's option, upon notice to Borrower, m~y make such appearances, disburse such - ~ sunu and take :uch action as i: necessary to pmtect Lender's intercst, including. but not limited to. disbutument of , ~ reasonabie attorney's fees and enlry upon the Property to make repain. 1( Lcnder required mortgage insurance ~s a ~ condition of making thc loan secureJ by this Mongagc. Borrowcr thal~ pay thc prcmiums rcquited to maintain sueh ~ inwrance in eHect until such time u ~he requirement for such insurance terminates in accorda~ue with Bort+ower's and ~ BG~K 3U2 321 ~.~~r 3U1 ~A:,E 800 ~ ~ Re•Recerd - ~ ~~r=~v.~ ~r- t'MS ; - - - ~ . ~ ~ ' e 3.~:'~ . . j _ ~"v.~~h .