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Home My WebLink About1864 - - . - Utrtrow GovsrlwMS. >tosro~?es' and fader oowaaat snd apes a< WNowtt: 1 ~4~ at ~ Msrael. eartower shag pratnptly pay wlrgr des the priedpal o[ sad iaNt+eM oa the indtbt~daeatt avi~aoadrloN~ and hqe charges as providtd is the Note, sad tAs prMtdpal at ana ialentl a allot Ptttttna Atineaow ttew~i blr diia i~foeVr~ - llwi ~ 7brtae tMttl-tietlatraeir - attbjeet b applkabM law or to a wtittar waiver bF teeter. lsaro~wer tib.ll pay b Iwtrdar on the day taoatbllrimtagwaaa of principal sad interest ire-payable under the Note. uoW tM NoM b paid fa font. a aster t?p+ein "Fuada'9 pest tai aae•twe~th of dre yearly .taXas and. asaapateaa which ttray attain pt over this . >t[ottp~e„ sad t tvab oa tea troparty. it say. phst o~c-twclhh of yeart~r' plat ~ rot lam jmt!raaca. pihr oaa•twNlM of yeattir pwoittur imta>Hneaa for aortgage itrttrratrct. if say. nll as reasonabbr mated inititrlhr and fray lisle b tittre by Iwader oe the basis a< assesstrrenb sad hilt and rtasomble eetlmata tMrsot. . TM ~+ltadt:ba8 be YW is as ittstitutiatr the depaia or aocorrtta of wbidr an iawnd ar gwratneed by' a Federal otr state apiaay t~ 1<e/Mst iE Landes: is such as instiationl.. Lttlrdsr sbdl a the Fords b pay said taxes. aseeasmsrrb. iaaataaua pwnhtme atld groratd Mena. Lender tray not cAatBe for sn holding and applyins the Bads. analysing said soootaN. or M~.caapiti.g said a:ttasarara and bilb, unless Loader pays borrower inlet+at oa the Funds and applipbN hnrr p Lander to asalca larch a drarge. -.Borrower sad Leedar may apes iA writing at the tirrre of exoartion o[ thin I~tor~fgags these ialh+at as the Funds sbaN bs paid to Borrower. std oafs: such apetnaart is made or applicabls law tagrtiret anab intarat b be paid. !.ender shall test be regrdred to pay Borrower any itrta+est a<earnings on the Frads. Larder shall tl~ b >tort+oswr. trrith~oeC ebsrye. an aneud aoooutrtitrs ot~tbe Funds :bowing crodia sad dsbia a the Funds sad the parpoM for which eaalr debit to the Foods was trarde. 'IUa Futrds are pledged as sdditanal security for the sums sectrrcd by thin Mayage. N Ms aesouat a[ tbi Ptrods bald by Larder. together with the future monthly iraWhneaq of Funds payable prior b the des dates at tastes, assasereats. iaeetrarroe praniums and poutd rents, shsll exceed the ataotmt required to pay said axes. aaseessrsots. ittatreaoe praaiwae sad pound naa ss they fall due. such excess shag .be, at Borrower's option. either ps+otaptly repaid b >lorrower a eredite0 b Hort+awer ar mroathly itr:talbaarts of Funds. U the atwotart of the Funds beW bit Iwaders6aY sot be su6ciaot to pay taxes. assesstaena. imrranoe praaiwns and poutd teats ss they fall dues. Ban~o~wsr shag pay b Lttader.aay anrouat accessary to make up the deficcierrcy within 30 days from ibe date notice is mailed by Irsader b Borrower rrDgradog payment thereof. Upot. paysed in fula of aN cams eeaued by this Mortgage. Lender shaq promptly refund to Borrower any Funds hdd by I,eodar. If usdet parsgapit 18 hereof the Property is sold or the Property t: otlrarrise aoquit+ed by Lender. Larder tdn~p apply. no later than immediately prior to the :ale of the Property or its aoquuition by Larder. say Futds held by Lender M the lima of appiicafioo as a credit agaimt the stuns settrred by this Mortgage. d. A~eaUas st >Agrmsab. Unless applicable law provides otherwise. all paymets received by Larder under the Nora and paragraphs 1 sad 2 hereof shall be spplied by Larder first in payment of amours payable to Larder by Borrower under paragraph 2 hereof, than to interest payable on the Note. then to the principal of the Note, and then to interest and principal oa say Potato Advasas. 4. flanges= Lksst: Borrower.shaH pay aN taxes. assesstnena and other charpx. Titres and impositions attributable to the Property which may attain a priority over. this Mortgage. and leasehold payments or groutrd hats. ~ any. im the rnamaa pso~ided under paragraph 2 hereof or. if rat paid in such manner, by Borrower making paymart. when due. directly to the payee thereof. Borro~war shall promptly furnish to Lender all notices of amours due under this paragraph. sad is the eveat Borrower shag make payment directly. Borrower shall promptly famish to- Larder reoeipa evidencing such paymetts. Bar+orer shsit promptly discharge pry Liar .which ha: priority.. over the Mortgage; provided, that Borrower shall riot be • required to discharge say such lien so bng ss Borrower shall agree in-writiag to the payment of the obligation secured by such liar in a manner aooeptable to Larder. or shall in good faith contest such lien by, or defend enforr:anart of such lies b. kpl prooeeditrgs which operate to preveat the enforastretrt of the lien or forfeiture of the Property or any part thereof. 3. It+t~rd beeseaee. Borrower shag keep the improvements now existing or hereafter erected oa the Property inwred sgaitrst loss by Ste, hazards included within the term "extended coverage", and such other hasards as Lender Wray require and is such amounts and for such periods as Lends may require; provided. that Leader slap not require that the amount of such coverage exceed that amount of eoverap: required to pay the sums stxured ~y this Mortgage. ' 'ibe inwrama carrier providing the insurance shall be chaser by Borrower subject to approval by Lem4er. provided. I that such approval :ball not be umreasouabty withheld. All premiums on insurance policies :hail be paid in the manner ! provided under paragraph 2 hereof or, if not paid in such manner, by Borrows making paymremt, what due. directly to the ~ iawraaoe carrier. ~ All iawtance policies and renewak thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of and in form acceptable to Leader. Lsnder shall have the right to hold the pdicies and rctrewals thereof. sad Borrower shall promptly furnish to Leader all renewal notices and all receipts of paid praniums. In the event of loss. Borrower shall give prompt notice to the irauranoe carrier std Lender. Lender may make proof of loss if test made promptly by Borrower. • Unkst Larder std Borrower otherwise sgree in writing.. insurance proceeds shall bes applied to restoration or repair of fire Property damaged, provided such restoration or rcpsir is economically feasible and the sxurity of this Mortgage is not tbtxeby impaired. If such restoration or repair is not economically ft:asibk or if the security of this Mortgage would be impaired. the irauramce 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 faib to respond to Lender within 30 days from the date motive is mailed by Larder to Borrower that the insurance carrier often to settle a claim for insurance benefits, Lender is authorized to collect std apply the inwratxx proaxds at Lender's option either to restoration or repair of the Property or to the sumo 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 inst:Ilments referred to in paragraphs I and Z hereof or change the amount of such iesaUmeats. If under paragraph 18 hereof the Property is acquired by !.cadet, all right, title std interest of Borrower in and to any ltrstrrance policies and im and to the proceeds thereof revelling from damage to the Property prior to the sale or aoquisitiom shall pass to Lewder to the extent of the sums secured by this Mortgage immediately prior to such Bak or a~- ti. lseaervatioa acid Maiateaaee of lreperty; Leaseioli~ Cartlowiaiartsr >!'Isrraed Unit t)evdopmeab. Borrower shall keep the Property is good repair and shall not rnmtpit waste or permit impairment or deterioration of the Property and shall comply with the provisiotu of any kale if this Mortgage is on a leasehold. If this Mortgage is on a unit in a ooadomiaium or a planned unit devebpmemt, Borrower shall perform all of Borrower's obligations under the declaration or ooveaana creating or governing the condominium or planned unit devebpment, the by-laws and regulations of the condominium or planned unit development. and constituent 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 :ball amend and wpplement the covenants and agreements of this Mortgap: as if the rider were a part hereof- 'f. Prosectloa of Leader's Secarlfy. if Borrower fails to perform the covenants and agreements contained in this Mortgage. or if any attar 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 baakrup or decedent. then Lender at Lender's option, upon notice to Borrower. may make such appearances. disburse such soma and take such sction as is necessary to protect Lenders interest. including. but not limited to. disbursement of - tYasonsbk attorney's fees and entry upon the Property to make repairs. if Lender required mortgage insurance as a condition of making the ban secured by this Mortgage, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrowers and ' ~ I.Y~) .tf~1 R~ 811~JGG P,~'i 0R7