The URL can be used to link to this page

Home My WebLink About1875 ~.i~l~:•~ ~ LrtitiV .r rid ~ii:i,:..ai~ tlti::~:i k'` . . ~ . `i: t~ftfffF€#f.-t€hl~+f t'~i _fl l~ aiL~'... t~y~'~4 .i: d to - s+tMIIM«..t.°~8ot+taot~shalt:f~ptlyi~~`dwtheprirtolpatotandintrrNtor?the i sodal~~~f?t~rboha~lgl~o~ck~~~lin~r+~ g on any Future Advances ttecured by this fiAortgaga. i;: 4. Fgads/~orTaxasand tesuAntre. Subjsat to applicable law or to a written waiver by lsrxiet, Borrower shall pay b lerK1M' gittie drtyateriMityitatstllarsrtllsd prirpiptiial+d intsrrstitrspayable under the Note, until the Note is paid in full. ~ aut~lhpmin.".FtMdla?~ agtMtl,~tt: t:1,.lMl~l ~a~;~~ich:mtaty,at~ .gfisxi4?. t to tip `ftlis' b/~~~b~l',11~ . The FtirtW theft t~Weld~n ~t Rt~Ihtlion lhiY'dsotii+li'efaet~`u~~bt,iihtdi~e~1 ~r~ud~mes~f t~xe~or state agenCy(includirq lender N lenderis such en institutioN• lender shall apply the funds to pay said taxes. assessments, insurance pmryliodq ground rents, lender may not dtarge for so holding and applyirq the Funds. analyzing said account, ~ ` pr ~ as fip~g ~ ~ . s ,~Q~ pays Borrop~erinierest on the Funds and applicable law pemnits Lender to make such e C oi~wera~ ind Lander maY a9rea'in wm~!nQ_at _the time o1 execution df this 61~~ t Mortgage that interest On tfte Funds shall itsjfald_to Borrower, and unless such___ nt ~ matte or_applicable law _ pp~~d~ ~-r ~a - is b the Funds and the shall give 8lorrower, without charge, ana~nn-u~al ac:cou~lti~ of they~ilnds~~~~ omits and tleb~ on the Funda lender purpose for which each debit to the Funds was made. TNe Funds are pledged as additional security for the sums secured ~ ; by this Mortgage. - ~If the amount of the Funds held by Lender. together with the future monthly installments of Furxis payable prior to the due dates of taxes, assessments, insurarroe premiums and ground rents, shall exceed theamountrequired b pay said taxes, insurance emiums and round rents as they fall due, such excess shalt be, at Borrowers option, either assessments, Pr 9 promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. It the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, ; Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the gate notice is mailed by Lender to Borrower requesting payment thereof. Upon payment in full of all sums secured by this Mortgage, Lender shall promptty refund to Borrower any Funds held by lender. if under paragraph t 8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall_aRply, iwJaler than m . tojY prior to the,~{a of the Property a its acquisition by Lender, any Funds held by r Lender at the Yfiie of'appr i~i,~lr credit against the sums secured by this Mortgage. ~3. ~ ~ ~ Unless applicable l8iw proVldes otherwise, all payments received by Lender under the Note agrpphs i antl Yfi~e~ttau peapplied~y Lender first in payment of amounts payable to lender by Borrower under p~ragra~ft2 hem, than iq inferegt pa~ble oothe Note. then to the principal of the Note, and then to interest and principal on any Future Adirances. 4. Charges,; Liens. Borrower shall payall taxes, assessments and ott>Qrcharges. fines and impositions attributableto .the Property which may attain a priority over this Mortgage, and leasehold payments or gourd rents, it any. in the manner provided; undo paragraph 2 herppf or, if not paid in such manner. by Borrower making payment, when due. directly to the payee thereof. Borrawersf~~tl promptly furnish to Lender all notices W amounts due under this paragraph. and in the event Borrower shaft make payment direciiy, 8rxrowe~r shalt prOrriptty fumistZ io Lander r~eipts etisler:cing such payments. Borrower shah promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be required tQdi~,ct~rge~,2(ny ~Ch W as Borrower shaft agree in writing to the payment of the obligation secured by such lien ih a manner acce~itable t r, or shall in good faith contest such lien by, Or defend enfotCementof such lien in, legal proceedings which operate tol'pne$ent the ebforceirierit bf tf ie t~6r forfeitt;~e of the Property or any part thereof. !s. ~ oor~rqqww~~a~ ~h~lt lSaeD the iLeOyl nQ~ e~r}g j~ erected on the Property insured against long~~y fire. fta~{ds~nc~lt,~ed~v~hlrl the terrn~~s;a~ coverage°s~t~d sub other hazards as I~nder may require and in such'atr~ounts and•Ior 3uCh penoda 8s ten ff--r--EE ;provided. that Lender shall AOt require that the amount of t ~ ~ ~ J L.. .L Sw •IwAwwww !I such cover exceed mat amount i, ver t .lV- Y M±Q .f av~,uia., v~ uoo mv..yoyv. The insurance carrier providing insurances au be Chosen by~orr6Wer subject to approval by lender, provided, ~ j that such approval shah not be unreas9nably withheld. All premiums on insurance policies shall be paid in the manner p/~r~ov.~id~e~dpu~na~d~e~rpparagraph 2 hereof dr, H npt paid in such manner. by.Borrowg~t~wng payment, when due, directly to the Alt,insuranse policies and renewals ihereAf shalfbASA form acceptable to~.ender and shall include a standard mortgage clause in favor of and inform acceptable to lender. Lender shall have the right to hold the policies and renewals thereof.. and Borrower sf>all o t furnish tolender all ~newal notices-and all receipts of paid-premiums. In ttte event of loss, fx, mP ty ~ . Borrower shall give prompt notice b the insurance Carrier and lender. tender may m8ke proof of lossifrotmade-prortiptly - UNsss lender and Borrower ottterwiseagree in writing. insurance proceeds shall be applied.b restoration or.rspair of the Property datlnaged. provided such restoration or repair is;economicayy feasible arld ttLe security qt; this Mortgage is not thereby impaired. If such restoration or repair is not economically feasible or it 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. I(the Property i(B abandoned by Borrower, or if Borrower fails to respond to lender within 30 days from the date notice is mailed by tender b BOrrowet that the insurance carrier offers to settle ectaim for instiranoebeNiefits, Lender is authorized to collect 8nd.appty the insurance proceeds at Lenders option eitheEto~estoratlon orrepair of the Property or t4tIW sums~ecured by. t is MOrtpe9e.f _ . 'Unless Lender arrd (3o r othervvise.agree in writing, any Such application of, Rroceed~s tQQprinci I shall not extend or postpone the due date of tt1i~ monthly instaNments referred io in paragraphs ; and F t:$:~f dr ch~r~ amount of such installments. If under paragraph 18 hereof the Property is acquired by lender, all right, title and interest of Borrower # in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale otacquisRion shall pass tolender to the extent of the sums secured by this Mortgage immediately prior to such sale or . , d. z P[M~?atlon and Nalnbnsnce of Pr4Mtty; mss:. t~an~plnlntuvtf~ P14nMyl NrR ~ I Borrower shall keep the Property in good repair and shalt not commit waste or permit impairment or deterioration of the Pro- perry and shall comply with the provisions of any (ease if this Mortgage is on a leasehold. If this Mortgage is An a unit in a condominium or a planned unit devebpment, Borrower shall perform allot Borrowers obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and regulations o1 the t i m I need unit develo en and constituent documents. If a condominium or planned unit development r condomin u w p a pm t, rider is ex~cuttad•bY BgrrQwer and recorded togetherwith this Mortgage, the covenants and agreements of such rider shalt be incorporated into andFShall amend_ and suppler~nent the co3t3nants and agreements of this Mortgage as if the rider were a part hereof. 7. Pr!otectlon of frends~s Security.. If Borrower fails b perform the covenants and agreements contained in this Mortgage; 6r i(-any action or proceeding is commenced which:materielly affects Lenders iAtarest in" the•Property, including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent. then Lender at lenders option, upon notice b Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lenders interest, including, but not limited to, disbursements of reasonable attorneys fees and entry upon th ,P to ~ If Lender required mortgage insurance as a condition of making the loan secured by thi~itq{e,~~A~~~a~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 , E / . ~ ~25 PAGE ~~(v r~T~ Z 8~-dt JYO -