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Home My WebLink About0026 o t t ~.s 1.I t~lr. Uwetroiut Caovst+~rns. >soetower trod Lstsder cowrrant and sees as follows: Ifrynasat at . earl Irlsaest. Borrower aha11•'ProtnPtly Pay when due the priadpal of and iaeaest oa the iadsbeedtrsss widenoed by the Nob, pnpaymtrat anti latt charges as Provided in the Noes. and tbs principal of trod ineerat oa yr Ftttttfe Arhaaoea ascwed by thle irtortgaga. d. TErtr fler 1lttps nrtd 1Mttnt~+ti~. Sttbjsot to applicable law or b a written waiver by Larder, Borrower tdwd Pay b Lades on the day moathlyasgallasents of principal sod interest arc-payable under the Nob, until tlrs Nob is paid in fu8. a sum pwreia "Fuads'ti equsl b oa?tweltth of tits yarly taxes and assessrnara which my tsttaia over the Uforl=sgs, anti gtotrrtd reaa oa tits Property, it any. ~°ate-twdith ~ yeary? premium itwtalhoana for h~ itawaaos. _ , plus oae-twelfth of yearly pranium itatalhnsna [or trtortpige insurattoe, if say. all ss reasonably ~imatcd initially anti ft~om tints to fiats by Leetlsr oa the bases of asseWrrenb and hills and reasonable estimates thtttroof. 1lrs finds shall be held is as irWitutiorr the dtrposits or aecouna of which are i a guaranteed by a Federal or stale agency (incltrdiag Lander if Lender is such an institution). l.ender:bal! apply the Fu to pay said taxes, iasurados peemiunrs anti gtoustd seats. bender may not charge for ro holding and apptyiaj the lRtrrrrts. analyzing said account. or verifyins.aad oompiliag said assessnrena and bilb, unless Lardsr pays Borrower interest oa the Funds and applicable hw ___psrmib_ Braider to_ makes such .a charge, Borrower anti Lender tray sgree in writing at the time of execution of this - - - - - t a made or a ble hw IKort`a,~s t6it atetrost ar -the Pantie shall be paid to Borrower. and unless such sgrestacn Ply e+equit+es such inta+at b ba paid, Leader shall not be required to pay Borrower any interest a earnings on the Fuatls. Leader shall give to Borrower, witbtrut charge, an annual aooounting of the Funds showing credia and debits to the Funds and the purpose for which ash debit b the Funds was msde. The Funds are pledged a: additional saurity for the stuns stectrred - ---~t1ie~N__~th~Fu_~ 6dd_by_Leoder. together with the future monthly installments of Funds payable prior b _ - - the due data of taxes, asstanrena. iasucanoe ptrotutrrrrs and ground rents. s~iail exoee-d the amounfregwredTo-paY sat~t taxes._- - aaarrpeaa, imursaoe pnmiutru and ground fence as they tall due. such excess shall be. at Borrower's option, either promptly repaid b Borrower or credited to Borrower oa monthly instsllnrena of Funds. If the amount of the Funds held by Leader ihaB not be wlBaeot to pay taxes, twessmorts. ituurance ptemiurns and ground t'ena a they fall due. Borrower tthall pay to Lender any amount necessary to make up the deRciency within 30 days from the date notice is mailed by Leader b Borrower regttestiag palirnent thereof. Upon paytrxot iu full of all sofas accused by the Mortgage. Lender shall promptly nfurrd to Borrower any Funds held by Leader. If under paragraph 18 hereof the Property is sold a the Progeny a otherwise acquired by Lender. Lender shall spply. no hter than immediately prior to the sale of the Property or is acquisition by Larder. any Funds held by Leader at the time of application at a credit agaimt the-sums second by this Mortgage. - 3. AppYeatls~ of la~~eals. Unless applicable law provides otherwise. all paymenti received by Lender under the Nob and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amouna payable to Lender by Borrower tuxkr paragraph Z hereof. these b interest payable as the Nola. then to the principal of the-Note. and then to itrterea and... - priocipal on any Fttttm Advatuoes. 4. Charges; Lists. Borrower shall pay all taxes, assessments and other charges, flues and impositions attributable to the Property which may attain a priority over this Mortgage. and leasehold payments a ground rants, if any. is the manner pt+ovidod tinder 2 hereof or. if not paid in such manner. by Borrower making payment, whea due. directly_ to the payee thereof. Bbn~shall promptly furnish b Leader all notices of amounts due Under this paragraph, anti io tbe'evaat Borrower shall make payment directly. Borrower shall promptly furnish to Lender ntxipa evideaciag such paymena. Borrower shall Promptly discharge say lien which has priority over this Mortgage; Provided. thu Borrower shall not be required b discharge any such Ikn so bog as Borrower shall agree in writing to the payment of tbte obligation secured by such lien in a manner aeaptabk to Fender. or shall in good faith contest such lkn by. or defend arforoaaart of such liar in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. - S. IElarard Isrwraaee. Borrower shall keep the improvements now existing or Ira~eafter crated on the Property insured against loss by Sn, hazards included within the term "extended coverage", and wch other hazards a Leader may require _ and in such amounts and for weir periods as Lander may sequin; provided, that ~nder shall not regain that the amount of suds coverage exceed that amount of coverage required to pay the sums secured this Mortgage. 'Ibe inwranve carrier providing the insurance shalt be chosen by Botrrowar subject to approval by Larder, provided. that such approval shall not be unreasonably withheld. All premiums on instuarrcx policies :hail be paid in fire manner I'~ provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due, directly to the I inwramx carrier. All insurance policies and renewals thereof shall be in form aceeptabk to Lender and shall include a standard mortgage - E chose in favor of and in form aceeptabk to Lender. Lender shall have the right to hold the policies and renewals thereof, aW Borrower:,hall promptly furnish to Lender all renewal rwtitxs and aU receipa of paid praniutm. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. [.order may make proof of loo if not made promptly by Borrower. ' Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is aonomicatly feasible and the security of this Mortgage is not thereby impaired. If such restoration or repair is not economically f4asibk or if the saucily of this Mortgage would be impaired. the insurance proceeds shall be applied to the soma sound by this Mortgage, with the excess. if any, paid to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Larder within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offos to settle a claim for insuraax borefits, Lender is autlroriud to collet and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or b the sums secured by the Mortgage. Unless Lender and Borrower otherwise agree in writing, any such application of procotds to principal shall not extend ot_pustpone the dste_-dat~ofshe monthly installments referred t_o_ in _paragraphs 1_-and 2 hereof or char _ _ the amount of fie _ . _ such instalments. If under ptuagrap6 18 beroof the Property is acquired by Lender. all right, title and interest of Borrower in aW to any insurance pdicies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums sauced by this Mortgage immediately prior to such sale or - f. Ptraervatioa aces Msistensnce of Property; L.eaaetrdd~ Coniominiuma; Planned Urrit Devebpaseals. ~ Borrower shall keep the Property in good repair and shall not commit yvaste or permit impairment or deterioration of the Property sad shall comply with the provisions of any lease if this Mortgage-is on-a-leasehold. -If this-Mortgage-is on-a_unit__in-a _ . _ ' condominium a a planned unit development, Borrower shall perform all of Borrower's obligations under the dalaration or covenants creating or governing the condominium or planned unit development, the by-laws and ngulatioru of the condominium or planned unit development. and constituent documents. If a condominium or planned unit development rider is exauted b/ Borrower and recorded together with this Mortgage, the covenants and agreements of such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage•as if the rider were a part hereof. 7. Protectiow of Leader's Security. If Borrower fails to perform the rnvenants and agreements contained in this Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a banlcruq or decedent, then Lender at Lender's option, upon notice to Borrower; may make such appearances,. disburse such sums and take such action as is rraessary to protect Lenders interest, including, but not limited to. disbursement of reasonable attorney's fees and entry upon the Property to make repairs. ]f Lender required mortgage insurance as a condition of making the ban secured by this Mortgage, Borrower shall pay the premiums required to maintain wch iwyrarrce in effect until such time as ~ilre requirement for such insurance terminates in accordance with Borrower's and