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Home My WebLink About0405 - ~ ' - _._r._-_ F tiJ i~~ ~ 7~ ' VW!'OW ~Y~NAN7'a~ ~OflgN~r allta IrM~r 0011M~tN ally tlglN.a~ S~ L llip¦twl at -hiae~l aM MwrM. sottvwar t~ protn~? Pty? cabal due the principal o! sad ~llawt ea the indsbMiw evidenced by lire NoM. prvpayaeaet sad hte d+arges a: pro+ridad M the NoM. nerd dte P~pv of nerd irMsrtlst a ~ l4raree Mvanoea eeotrr~d b!r ~ , Z >tltntte ihx 7lrtrea aatt iaetwanea? to eppNcabN lew a 10 a wtrittsa waiver by Leader. Boerewer eMM P4? • a tender as tM day momhb*hlpalMaenb of ptiadpal and interest are.pgyable ceder tM NoN, until tM Noie is paid in lull. a attar tYat'ru "Fwldt") ,etral 10. aaNwrNth of tht yearly taxes attd eaaettaaw wbkh alert' attain priorih? over tlria Lem; srd ~,e.ed errs ere t>re laneartr, if asrr. glut aaa.twdith d Zreesb~ ia~ssob !cl' hatsrd ilatrrsnoe. plea oaa-ewat[th d raatfir p~tai itatalMneab for lgortsye in~lranoe. i~ sar. ap at reaollabiy Ceti ildtiai~? and ~ ' tirrre b tiara by Leader a Mt beeb at astaasnlenb and hiNt Md reasonable estimates tMreof.° ' ` '11re lf3rrtde shsN bs hMd is err iaetiprtian the_depoerin or seooulrts oft whkh an inetet+ed err guaraMesd by • Federal d ' ante s~arcy (iaShtdieg >(,gndtr if t+alder is ardl as institution). Lander tihap apply the a pay s,id ttutae. aearelaeaer. ~ itrttreaoe petahltna sod reefs. lender may not charge for ercr bolding and applying the Frrrds. am1Y=+ni said aooOwM. err vttri[yiaisad ootnpilieg aid aalaamalb old eilhti unless Larder pays Borrower httereet oa rtes Fnndt sad applicabM taw ptntaii Leader to Imk~e :sate a darge. Borrower find Iwadetr nay agree iti wridag at the tMte of execution d this Moefge~a that hMerrast oe dra 1l~leda shall be paid to Borrower, and nelees larch apeaaart it made or app~iCabN tern regttiew tttech ioNtwt to be paid. Lender shall let be required to pay Borrower sly ilnaeb or esrsingt oa the Funds. tender shah gins b Borrower, without dtarye. as annual acoottsttiag d toe Funds dtowiag cledib sld dt~s a the Fwd[ std the purpoee for which arch debit to the Fuedt was made. 'Ilre Funds sre pledged as additional security for the sums sectored ~ e6s a¦wnrrt o[ the Ptrndt held bi? larder. together with the futurs monthly b o! _ Prrrrds Wyabk prig b the dun dates eft taxes, aeeestmeeb. bteuranoe pr~aaians and gtoced reefs. shah exceed the amount required to pay sad axe. aereseeseata. irwrasoe preaiiuan acrd gtonltd rewfs as they tap dun such exoast shah be, r Borr~ower"a optioe. either peearptly repaid to Dosower a credited b Honorretr oa moathni iaerWlmalb of Farde. if the araarnt of the Funds htid b! Leaitr-sWl not be wtit:itat b pq taxer. assestaralb. iesltranoa preasiuass sad grotwrd t+eeb as that' fsll due, Borrower steal! pay b Leader say amount neoeesasy to make. up the deRciarcy within 30 days tram the date notice is mailed by Lt~nder b >tort+owec regtreetiog paymalt thereof. - - Upon payaereat is edl of all saes secw+ed by this Mortgage. laldar shah promptly refund to Borrower nay Feade bdd by Deader. U under psragraplt 18 heroof the Property is sob a the Property a odrerwae acquired _bY Fender. Leader :ball apply. ao hter than imasediatdy prior b the :ale of the Property or ib aoqu'aitioa by larder. nay Funds held by Leader at the lima of allpiialtioo as a credit against the sums secured by this Mortgage. B. AppreaNsa at ifi4>•e¦~It. Unless applicable law provides otherwise. all payments teoeiv~ed by Calder under the Nora and paragrapher 1 and 2 hereof :ball be spptied by [.ender first in paymalt of amounts payable to Calder by Borrower [rode' paragraph 2 hereof. then to interest payable oa the Note. that to the principal of the Note, snd_~l to interest and prinapsl as say Futttee Advaooea. t.;'. ` _ - 1. Chasgesl Dlerrer. Borrower shall pay all taxes. assessrneats and other charges, lines sad ialpositions attributable to the Property which may attain s priority over this Mortgage. and iapreiold payments or gnstmd rerm..ii~el)f; 3n the laaeaer provided coder paragraph 2 hereof or. if not paid in such manner.~~orrower making payment, what dl~.udltgptty ~ payee thereof. Borrows shall promptly furnish to Lender aN o[,_ ~ due ttadar thisparByraph.ti . Borrower sbsU make payment diracUy. Borrower shag .Promptly 't$ Lender , receipts evrdebt~og laY~~ Borrower :ball promptly dacharge nay liar which has priority over the Mortgage: provided. that Borrower'shafl cot Ise required to discharge any such lien so long as Borrower shall agree in writing to the paymalt of the obligation secured by such liar in a manor aoceptabk to I.ender. or shall in good fsith contest suds lien by. or defald arfot+ament of such lien ia. legal prooeedinp which operate to praveat the enforoanent of the lien a forfeiture of tba Property or nay part thereof. 8. lHmrd Iwarrraaoa Borrower shall keep the improvements now existing or hereafter erected oe the Property insured agaimt Iota by Sle. hazards inducted within the term "extended coverage". old .such other ho=ards as Larder may require nerd is such aaauab and for such periods as Lender may require; provided; thst shah not require that the atnouat of suds coverage exceed that aawunt of coverage raquirad to pay the sums secnradtha' Mortpge. 'Iba imuraaoe carrier providing the inwrance :ball Ix dweral by Borrower wbjed m spproval by Lender: provided. II [bat such approval :ball cot be unreasonably wtthheW. All premiums on iasluaaoe policies sbdl be paid is the manner provided under paragraph 2 hereof or. if not pail in such manner. by Borrower aaicing Payment, ivbal dun. directly to the iasuraeoe carrier. All irlsurantx policies acct renewals thereof shaft be in Eons aooeptabk to Lender sad shall include a standard nartgage caause in favor of and in form s~ccepabk to Lender. Leader shall have the right to hold the policies and renewals thereof, sad Borrower shall promptly furnish to Lender all renewal notices and aQ receipts of paid premiums. in the aveut of bas. I Bon+owa shall give prompt notice to the iawranoe carrier and Lender. Lender may make proof of ins if not made prompNY by Borrower. Unless Lends sad Borrows otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property damaged, Provided such restoration or repair is economically feasible and lire security of this Mortgage is not thereby impaired. If such restoration a repair is not economically feasl'ble or if the security of this Mortgage would he impaired. the insurance proceeds :ball be applied to the wrm secured by this Mortgage. with the excess, if any. paid to Borrower. If the Property a abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the data notice is mailed fry lender to Bonower that the insurance carrier offers to settle a claim for iasuraaoe benefits, Lender is authorized to collect and apply the insurance prooetds at Lender's opion either to nxtoration or repair of the Property or to the sums socurod by this Mortgage. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18 hereof the Property is acquired by Leader, all right. title and interest of Borrower in sad to nay lawraace pdicies old in and to the proceeds thereof rewlang from damage to the Property prior to the sale or soquititan shall pa:: to Lender to the eaten[ of the sums secured by this Mortgage immediately prior to such sale or f. Preaetnalio¦ aa~i Mme of Pnpedy; I.easehelds; C~ *lared Unit Der:Mp¦reMa. Borrower shall keep the Property is good repair sld shall not comtpit yvaste or permit impairment or deterioration of the Property and shall ootnply with the provisions of nay lease if this Mortgage is on a leasehold. if this Mortgage is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligatiora under the declaration or ooveoaab creating or governing the condominium or planned unit development, the by-laws and regulations of the ooodomiaium or planaod unit developmxnt. and coratituent documents. 1f a condominium or planned unit development rider is executed by 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 Mortgsge u if the rider wen: a part hereof. 7. Pnfection of Leader's Secuslfy. If Borrower fails to perform the covenants and agreements contained in this Mortgage. or if nay sction or proceeding is commenced which materially affects Lender's interest in the Property. including, but rwt limited to. eminent domain, insolvency, code tnforcement. or arrangements or proceeding: involving a bankrupt or decedent, then Lender at Leader's option, upon notice to Borrower, may make such appearances, disburse such auras and take such action as is necessary to protect Lender s interest, including. but not limited to. disbursement of 'reasonable attorneys fees and entry upon the Property to make repairs. If Lender required mortgage inwrance as a condition of making the ban ~ his Mortgage. Borrower shall pay tfle premiums required ,to maintain such iawrance in etlcet until such j ifgtQ~d ~quirement for such insurance terminates in accot+dance with Borrower's and ~ : ~ X320 P~1257, : ; . ~ ~ ~ ~