The URL can be used to link to this page

Home My WebLink About2215 - ~ ~ti . ~ tA~~otw t~+awta ilstrowur and Lewder otrtrortaat and aloe m follows: ~)llt~sst of lAiiae*1 alai Yesasl. aotrowsr shsq promptly pay when due the ptiacipa! of arW iata+at oa the a~.~i iy LLs Hots,1 std lase charges as provided in the N,~te. and the prlnapal of cud intetwt w re4.ihsatte /livawoe: secttsai by titles Dtottgtia. L lflswi tlae'lrwss tr¦i ~ e tsair its tie isstws~ea Subject to ~spplicabk law a to a written waiver by tsrsdst. Borrower chap pay 1 a s~aa soistagesrtstls o[ ptRwppal and intrxtnt arc. payable tntder the Notts ut>til the Nob is paid in [tell, atltral ~ ~owatirdith-oi the yearly tazC. and assessmenb which raay attain priority owl this listtt~R art ptstaai t~ aw trts lmperty, if say. phts one-twelfth of yearly- prdaitaq iastallmettb for basard itt:trrawca, d w~1~ a~ ~•of ast~ssmentsf « and t~easonabk~estimates mated initially and from 11re Ilrais sW be 4eid iw ai iastidrtioa the deposits or accouab of which are iawrod or guaranteed by a Federal otr i trttse ~T tMcMniB i.ewier if lewder 's sttde an institution). Leader:hatl apply ibe Purtds to pay said taxes, assrsamems. iwamawae ~sewwrns awl O~ reMS. Lender may nor charge fer=n holding and applyin8 the Funds, analysirt; said aecotrm, i ar ws~jiws.awi aoasps~ raid a3sasatarh and bills. unless tender pys Borrower interest on the Funds and appliexbk law ~ larttdts lswitr is aea>bt stet! s dtarBe. Borrower acrd Leeader may acres in writius at the tithe of exetcutioa of this f Ysst~Be that iasesW eats tie >Elsatllt shay be paid ~to Borrower, std utrkss stsch agrotsucrtt is made or applicable law ~ aalaiss strati iaseeest is bs paid, Ltaeder shall not be required to pay Borrower shy interest oc prttings on the Funds: tender ' cis! jae b Itrierowrsr, vrillrotst charge. aw snrtwl acoow:<iag of the Funds showing credib attd debits to the Funds and the ~ ~~~ar~ e~i #bi m tics Frrwds wss made. Ilse Funds are pledged as additional sorority fa the wms securod )F tie a¦rststtt d ~ fimit !di b) Lewder.-together with the fittw+t: monthly installments of Funds payable prior to ~ tic ire ices elf tatees. . ir>praaoe pndnsiuerts and ground rents, shall exexed the attrewnt required to pay said taxes. iesrrawote ~eettaiuets awd grwtrtd tarts as they tall due, such excess shall be, at Borrower's option, either R!~ r Itsr~rer ~ creiiled b >toreower ow rrtoathly installments of Ftmds. if the amount of the Fends lY~di b woe ba sticiewR 1D pay taxes, rtents. irtsnratttx ptrraiums and ground rents as they fall due, a1W !r! tQ l~estder ~ aasowet necessary to make up the deficiency within 30 days from the date notice is mailed b 1lreaier d lonaaer mgttatiag payaseat thereof. g}+! ii o[ ail streets secttra+d by this Ittorigage, Leader shall promptly refund to Borrower any Funds ieiilyj Leerier. >i tmimt paaagrapit I8 hereof the-Property is sold or the Property rs otherwise acquired by Lender, Lender sY wily, tas hrtter ltiart intasarifiaaeiy prior b the sale of the Property or its acquisition by [.ender. nay Funds held by - ~ La¦ier ai tie Oaae erf a~ca`aw as s credit agaimt the suan secttrod by this Mortgages - - { 3 1/~itatiae of ~ Unless applrcable h1N provides Otherwise. all payments received by Lender under the Vase aei pasaBrapis 1 awl 2 heteoof.shafi be spptied by Lender Bret in payment of amounts payable to Lender by Borrower rimier pagtra~ 2 ~ resets b iweerest payable oa the Note, then to the principal of the Note, and then to interest and lriw~ilai aw arty Firtrrae Aivawoes. - _ i t Ciwrpr Liiew~ 9orrower shall pay all taxes, assessments and other charges, fines and impositions attribotabk to tic lbopestl wiie:? ~ athin a priority over this Mortgage, and leasehold payraeats or ground rents, if any. in the manner lsawiiui tier paragrapi 2 hereof or, if not paid in such manner. by Borrower making paytrtent. when due, directly to the t lwles reason[ loaor.er sitaY promptly furnish to Lender all notices of amounts due under this paragraph, and in the event i ltsrraes s~ twahe payaxat directly. Borrower shall promptly furnish to lender r+exeipts -evidencing such payments. iarrawas sW ysatwptEy d'echorge nay tiem which has priority over this Mortgage; provided, -that Borrower shall not be ra+tlsiiei sQ deciarge any snch ties so long as Borrower shall agree in writing to the payment of the obligation secured by sew tic r a ts¦wer aooeptabk to Leader, or shall is good faith contest such lien by, or defend enforcement of such lies iq kgti peoeaee~dier~ nriicb operate to prevent the enforcement of .he lien or forfeiture of theProperty . or any part thereof. S ¦eassi las~cir Boriawer.shaq keep the improvements now existing or hereafter erected on the Property insured ag.sesi toes bs fist hannk iochrded within tbe term "extended coverage'., and such other hazards ss Lender may require awd ie sari aeeetunes and for sr+ch-perioek as Leaekr may require; provided. that Lender shall not require that tbe amount of cud ooeasage excoei ems aesrount of coverage required to pay the sums secured Syr this Mortgage. 'Re seranoe carrier ptoviiog the insurance shall be chosen by Borrower subject to approval by Lender. provided, tilt sd? appeovai sier~ not be uarcasooably withheld. -All premiums on insurance policies shall be paid in the manner pratitld rriwder ptira8rapb 2 hereof or. if cwt paid in such ruanrrer, by Borrower making payment, when due, dirrdly to the t iws>~s carrier_ ; A! iasre~rmee policies and renewals tbtteof shall be in form acceptable to Lender and shall include a standard trartgage - claws[:-in favor of sad m form acceptable W Leader. Lendkr shall have the right to hold the policies and renewals thereof, and )forro•er shag promptly furtush to Lender all renewal ratites and all rtCeipts of paid premiums. In the event -of loss, - ~''v'Q sb4U ~e R'~!~ notice to the iasurartce carrion and Lender, header may make proof of loss if not made promptly _by ~ocruvrer. Unins leader awd Bawer otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of tie >Rope<ty dasagod, provided sere:6 restoration or repair is economically feasible and the security of this Mortgage is riot tJlereile irnpairtd If such restoration or repair ~ not economically feasible or if the security of this Mortgage would her iopaired, tit+~ insurance proceeds shall_ be applied to the surest secured by this Mortgage, -with the excess, if any, paid q 11orrOwtr. Ef the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 daye: from the - t ice moace is mailed by leader to Borrower that the insurance curler offers to settle a claim foe insurance beaeBts, Lernder a a:s~osimotl as aebett sad apply the insurance prexxeds at Lender's option either to restoration or repair of the Property or b tic saes sexuoreod 6y this M.'xigage. Udess [.ender and Borrower otherv~ise agree in writing. soy such application of proceeds to principal shall not extend a p~oatpo®e the due dace of the r?anthly installments referred to in paragraphs 1 and 2 hereof or change the amount of seci.is~enas if render pauaEraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower • awl q ~ ~ pe~licies and in and to the proceeds tberoof resulting from damage to the Property prior to tlt~: sale or aegttisisioa shaft pass to Leader to the extent of the sotto secured by this Mortgage immediately prior to such sale or i lseser.aiaw awl Nai¦lewawee of hopertl + Leascboldsy Coodomiaian~ Phraoed Uaft Devdopweats. Borrower - ~ ~ keep tie Property iw good repair and shall not comrvit yvatte or permit impairment or deteraration of rho Property I awl cleats Coet~pl? wi;h the: provisions of nay kale .f this Mortgage is on a teasehoW. If this Mortgage is on a unit in a ooatlosimirms or a planned nail derelopraeat, Borrower shall perform all Of Borrowers obligations under the declaration ur a~o*ewawts Cfptioa or governing the condominium Of planned unit development, the by-laws and regulations of the aadote~eurw a planned u~ dtvelopntent. acrd constituent documents. If a condominium or planned unit development rider is. nen:rrtod by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider ~ sl<aY be i,acorporatcd into sad shall amend and supplement the Covenants and agreements of this Mortgage as if the rider were a pent Itesveof_ T_ >raasoriae erf iewie><'s Security. If Borrower fails to perform the covenants and agreements contained in this Ya~.;age. or ~ nay action or proceeding is commenced which materially . affexts Lendei s interest in the Property, iwcirdirrs. but sex Watrd to, eeaiaent doma:tr. insolvency. code enforcement, or arrangements or proceedings involving a baeikrtept a doesdent. than Leader at Leader's opteon, upon notice to Borrower. may make su.h appearances, disburse such sacs aed take sreeb adioo as is oexessary to protect Lenders interest. including. but not limited to.- disbursement of reasaeabie attorney's fees and carry upon the Property to make repairs. if Lender require) mortgage insurance as a eosd+rioert of eaae}~ the ban secured by this Mortgage. Borrower shat: pay-the premiums required to maintain such ' itdrrrance in etFc+ct until such time as the requirement for wch inslrrince terminates in aeec?rdartte with Borrowers and ;