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Home My WebLink About1675 ~ . . - ~ s UttlrottM Qovtttt~t~tTa. •otto+rer attd Leader aowaaat and agros m toliows: - i1. lbtwstN at FMoe~l M I¦Ieeeel. Borrower tdtaN praraptly pay when dos the priadpal of told intsreet ea tM :adehtsdneet svideso~d ~ tbs Hob, Or'eP,l?~ trod Isle dtatyes as pno~r;dad in the Nob. attd the prbicipd a[ atstl iaMrep art stq? Pt+atn Adt?attoae secw+ed by this Nortp~gs. 1 !ri felt Tstrse tsM laswasa. Stitbjett b applicable taw or b a~ writhe waiMer by Dtrtdsr, Boeftotser titaM ptty b Lttoder oat the day tpoethyr ~ of peiadpal and interest are. psyalyle trrldsr the Nob. until the Nob is paid iw [Wl. s wa ~ereia "FtaadP') equal b or.eweUtlt of the yearly. texts and aeeeaaatb which trtay attttbt priority owr this .MatliaM. ttttd gtrotrttd trettts ort tlr<s Ptropsrty. i< say. pots aaNtwdith of yeah preatitmt irttttapaeatb tort httttatd irattrattce. p1tN.oaattr~eltds of yearly prwaittar attKttllatKUee for mortgap alruraaoe. it say. sa to reasotsaNy estimabd initially sad troy rims b lilac by Letuder oa tlts betas of sstagntents aril bilk and ressoartbls estiatalae tMreof. Thy Ftmds tthall be held in as institution the. dtrposits or acoourtta of whidt are iuetrrad err guuanteed by s Federal of stab agsetcy (inela~ng Idradar if Lader is roach an irWitution). lsndsr:hsU apply the 1Fltrtds b pay said taxe, aaaeeataas. iaetuasos p+oraiwtte sad t+teftes. Laden may na charge rot an holding ttrtd applying the Fonds, amlydrtg said aooouM. a writyiagsod t:ompiliag trsid ataessruatts and bills. tutlea Lander pays Borrower inttrest as the Fund: and applicabN law petmitr Lsadar b atialts soda a chop. Borrower and Lander stay agree id wf;aag at the time of execution of thin requitni strc6 interest to be paid. Leader :ball not be regtrirod to pay Borrower any interest or airainp .at the Fttttds. Leadt:r trbaU gitr~s b Borrower, witbout.cbarpe. an Itarttutl seootrntiag of .tbo Fund: ehowiag credit: and debit: to the Fords asd the pttrpoae for w6icb each debit to the Funds ~wss made. The Funds sro pledged ss additioad setauity foi the sums secured ~ ~ MorW!• Tf the aatotau o[ the Fuode bald by, Leader. toptbet with the futures monthly in:tallaieats of Funds payable prig b the dos data of taxes. aeeesnteab, ittwrartoe premiums and ground teats, shall exoteed the aatouat required to pay said taxes. aesessmeab, htetuaaos pr+aaiutm and gt~ouad real: a they tali due, such execs shall be, at Borrower's option. either pr+ompNy repaid b Borrower or a+eited b Borrower oa taoathly iastallmeatts of Funds. Tf the ataouat o[ the Funds held by I~atalsr-dtall not be stdM3eett to pay taxes, afae:staatts. iaswrtnce prpniums and ground rrnss ss .they tall dtte, Borrotrt:r tdtati psy b Leader any amount aeoeaary to make up the ddicidtcp within 30 days from the date notice is mailed by Deader b 1orrower roquestiag payment thereof. . Upon payasest is full of sU cams secured by this- Mortgage. Leader shall pranptfy refund to Borrower any Futtdr bald by Deader. U undtx perrtgrapb 18 hereof the Property is sold or the Property a otherwise acquired by Larder, Lender slsaU appry. rto later than immediately prior to the :ale of the Property or its ttogtusition by Lender, say Funds htld by Lattidor at the time of appiic~ioo as a credit agaimt the sums securod by this Mortgoge. S. at Trpaseals. Uakss applicable law provide otherwise, all payments received by Lender under the v~ i w l.~.yiyw~ i iii ` v~auiii w alit i,~w j iw.iwY a~,Y, n. j~s~aawin of a,Twiliiti ~j~uwt t3 l.wiw'V'i ,~j 'wr~:Ytr under parttgtsph 2 htueof. rhea to interest payable oa the Note. then to the principal of the Note, and then to interest sad priadpal on say Futon Advance. . 4. ~ Dieae. Borrower shall pay all taxes. assessments and other charges. floes and impositions attributsbk to the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any. in the masaer pr+otrided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due. directly to the payee thereof. Borrower shalt promptly furnish to Lender all notices of amounts due tutda this paragraph. sad in the event Bort+orer :hall mate payment directly, Borrower shag promgly furnish to Lender receipts evidencing such payments. - Barrower shall promgly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be required to discharge any such lien sa-bog as Borrower shall agree in writing to the payment .of the obligation secured by such lice in a manner acoeptabk to Larder. or shall in good faith contest such lien by. or defend enfortxment of such lien in. legal proceedings which operate to prevent the enforcement of the lien or forfeiture ~ the Property or any part thereof. S. IHtttrar+d Inssranee. Borrower shall keep the improvements now exiuing a hereafter erected on the Property it>:ured against loss by fire. hazards included within the term "eztertded coverage". and such other hazards as Lender may require sad in such amounts and for such periods as Lender may require; provided, that Lender shall trot require that the amount of such coverage exceed that amount of coverage required to pay the sums secured'by this Mortgage. The insursace carrier providing the insurance shall be chosen by Borrower :object to approval by Lentkr, provided. that such approval shall not be unreasonably withheld. All premiums on insurance policies shill be paid in the manner provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making payment, wt?at due, directly to the inrurance carrier. j AU insurance policies and reoewak thereof shall be in form aceeptabk to Lender and shall include a standard mortgage clause in favor of and in form acoeptabk to Lender. Lender shall have the right to hold the pdieies sad ratcwals thereof. ~ sad Borrower shall promptly furnish to Lender all renewal notices and all receigs of paid premiums. In the event of lass. Borrower shall give prompt entice to the insurance carrier and Lender. Lender may make proof of loss if not made promgly by Borrower. Uakss Lender and Borrower otherwise agree in writing. insurance proceeds shall btr applied to restoration or repair of the Property damaged. provided such tstontion or repair is economically feasible and the security of this Mortgage is not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would be impaired. the insurance proceeds shall be applied to the sums secured 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 Leader within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for inwranoe benefits. Lender is wtborized to collect and apply the insurance proceeds at Lender's ogion either to restoration or repair of the Property or to the stuns secured 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 irtsWlmeats. If under paragraph 18 hereof the Property is acquired by leader, all right, title and interest of Borrower w sad to say Iktswance policies 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 secured by this Mortgage immediately .prior to such sale or acquisition. f. 1lreeervadon sad Maintenance of Property; Leaseblds; Coadooliairrras; llaraned Udt 1Derebpateab. Borrower :hall keep the Property in good repair and aball not commit yvaste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Mortgage is on a leasehold. 1[ this Mortgage is on a unit in a condominitun or a planned unit development, Borrower shall perform all of Borrower's obligations under the decluation or eoveaants creating or governing the condominium or planned unit devebpttxnt, the by-laws and regulations of the condominium or planned unit development, and conuituent documents. If 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 Mortgage as if the rider were a part hereof. 7. Protection of Leader's Seeartty. If Borrower fails to perform the covenants and agreements contained in this Mortgage. or if any action or proceeding is commenced which materially aBects Lender's interest in the Property. including. but not limited to, eminent domain, insolvency. code enforcement. or arrangements or proceedings involving a bankruq or decedent, then Lender at l~nekr's ogion, upon notice to Borrower. may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest. including: but not limited to. disbursemrnt of reasonable attorney's fees and entry upon the Property to make repairs. It Lender required mortgage insurance as a condition of making the loan secured by this Mortgage. Borrower shall pay the premiums required to maintain such inwrance in effect until such time as the requirement for wch'inwrance terminates in accordance with Borrower's and l i