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Home My WebLink About0649 r a }-t r ? Thal rn ade !o paect more fuNtr tM setunty Of tMt matgaga. tM Mortgage. togetMr with and in additan IO. tM monthy payments order the terms of IM note secured Mreby. on tM Epetrfred DaYrneM date d each month until iM tad Hots ra Tuley pa,d. will pay to Me Assocratwn tM fptlowing sums lal An rnStaNrrient Of tM teaef std sssessments bvied a to ba bred sgamsl 1M pem,tes covered by tors mestgsge. and an rnstatiment Of tM pem,um or pemwme tMt wiN beoane dW sod piyatfb to review tM rriwrante On tM penises covered Mreby against bss by t,re. and windstorm. as povded fa by paragraph 3 pretedrrrg, a strth o1Mr Mtsrd ss may resttonably bs repurred by IM Assocratan. and an ,nstallment of 1M Premium civet oriel become due and paYSbb to renew tM mortgage iriwrante. d sriy Such instsuments sfyn be egwt respecuvehr to are tweuth I l r 12eh1 0l tM es• bmated pemrum a pemwms for cloth inewante. sod tsaes sod ssMSSrMnts ileac due Ise estimated by tM Associsuonl less all rnstae:ments already pad theebr. drvdW by tM rNrrrlber of month Nat ee IO ebpN are month pror to tM date when such pemwm a pemwms and taxes and assessmMts wia become delrtpuenl TM Assoaatan, wlrb applYrrrg such piymenlt to inwrance pemrums. tsaes and assessments. befese tM same become dtetrngirerit. shau not psY rnteest to tM Matpagor on such funds. and su such payments may De crrmmrngled by tM Assocratron with any otfte such funds a with its own fords TM fords ee pbdpW at sddrtroryl security !a the wms secured by tMS Mortgage and ere wgett ro usf Dy tM Assocratan rn psYment Of ''bq chargei " and bank collection cl+arpes Ibl AN payments rrientroned rn tM petedrrq wbsectan of chit paragraph and all payments to be made under tM rate secured hereby shelf be added together end tM aggregaa amount tMreol shau W pad by tM Mortgages exn month ,n a S,ngk paymMl t0 be ippt.ed by tM Associarion to tM folbwirq damf rn tM order Nt lath 1 Taxes. assessments. and rntr•rance pemwms 2 -late charges and Dank cottectar• charges unless pad m rriamer povdtrd n peapaph 4 Ia? 3 Inteest on tM race secured Mreby 4 Amesuratan o+ the p,nt'pal of sad noes Airy defiCrertty rn tM amount of such aggregate monthly payments sliaN. unless pad try the Mortgagor par to the due date o! the neat wth payment, con- tbtuN an went d default uncle tM nartgsge. WithOUt waiver of any rrgfit. tM Association may collect a late charge' as worded in eM Note rf That rf tM tJtal OI tM paymentf made by tM Mortgage under bl Of paragraph 4 pecedrng (hail fateed tM arraUM Of payments xiWlly made by tM Assocation fa caeca and assessments std rrrwrance psmiums. ss tM yse may W. such excess f:^.aR be cred,ted by tM Associsi,on on subseguem paymems IO be made by tM Mortgagor ll, Moravec. tM monthly payments made by tM 1Natpagor under lal of paragraph 4 pcced,ng shau rat have been wfficrMt to • pay uass and assessmentt and inwrente pemiums. is tM use may M when IM seine shall become due and payable then the Assocrat.on may. at ,ts ep tan. rmmediatMy pay such toss and sssassmants and mwranu ptmwm. and tM Matgaga sf+att pay to the Assoc•atan anti amount necessary to mate uD the defrcienty. and such pigment fMU be dW std, DaYabfe wrtMn lMtty (301 days skier the Gate o! marbng of notice by the ASSOGratan sarong forth tM amoum of such defrCienCy tl, at shy brM. tM Mortpaga shall tender to tM Asstxration. m sccesdance with U.e puv,sans of the note secured hereby full payment of tM enure indebtedness repssented hereby. tM Assocritan sMlt- in computing tM amount of such rrdeDtedness. credit to tM account of the Mortgage any Wbnce remainng m the lords accumubted under tM powsioris of tai of paragraph 4 6 Ti> permit. tomrrnt a wffer no waste. impairment a deterioratan o1 sad popery. a env Dart trrereof end upon the fa,h.r•. o+ the Mortgages eo veep te+e byrldrngf On lard pOperty in 9pOd Corditron a repaU and rryrnlenarice. tM Association may demird poprr marntenanc! and the immedrale repair of fad burld,rg5. a an increase in tM anoint of security. a tM immediate repayment of the debt Mreby secured and the fad~-_ of the Mortgages to comply wrin sad demard d tM Assowtion /oral»rad of thirty 1301 days sM11 constitute s bleach of clue mortgage and. at tnropuon of the Assoaatan. ,mmad.atety mature tM entire amount of piritrpal and inteest Mreby sacuriM. end tM Assocratan immediately and without notice mar rrrsutute poceed,rps to fesectose - tMS matgsge end apply fa tM appantmMt Of a retMVer, as Mreurahe pOVded. and m case of the refusal. negtett a inab.;dy of the Mortgagor to repair and msrt2u,n sad napery. tM Association may. at its optrbn. make sucA repays a close. tM same to be made. and advance moneys m that behaN 7 T~ perform. comply wrath end a0irle by each end very tM sbpubtront. agreements. cord,tars and covMants m saidpromssesy rate and this mortgage set fOfLh - 8 To comply with tM wtldmsan restrictions and tM mutrtipat iomng adinaritK applrcabb to tM mortgaged poperty not to erect es permit to tie erected shy new buildings on tM perriises fierern mortgaged a to add to a pernrt to be sddted to. msks a perm,t to be made airy siructurat •lteratrons to shy d tM ea- rsurig rmpoveiMnts thereon wnthout tM written consent of tM Astrowtron. and in the event of any vatarion w attempt to vacate these supulatans. or shy of them tars mortgage and sU sumf secured Mreby Thal} imnledrately become due and payable at the Dolan of the Assoclat,on 9 TMt m case of a default in airy of tM terms of the mortgage and tM hbng O+ • brtl to foreclose tMS a any other mortgage entumbenng tM w,thrn described pOpeiy. tM Assocratan Thal) tee Mbtbd t0 apply. at my cline Vvitfi0ul ra[iCe pendnp Toth feseCtOSUre SU,t. IO tM COUri tieing luriSdrCirOn thereof fa tM ap- ppntment of a rscerver of ai and singular tM matgsgtW popery. end of ell tM rents. incomes. polite. ,sues and revenues ttierepf from whatsoeve source derived. and, theeupesi. d rf Mreby eapeSSljr tovenante0 and agreed that tM Court Shall /es[hwiih appo.n_ a reCeivN of fa•d mortgaged poperty. all ard\ yrigular. end of such rents. incomes. pofi!s. issws and rsvlnWt tMreof. from whatsoever source derived. with tM usw: hoorah and dunes of rer;eivers in !:se cases. and such appesntrrient (hall be made by such court of a matte of strKt right to tM Assoc.atan. and w,tiiout reference to She adequacy or rnadequxy of tM vak,e of tM poperty hereby matgsged. a to tM solvency a insdvenCy of tM Mortgagor. and that such rents profgs. ,ncomes issues. and revenues she±! be applied by such receiver to tM payment of tM nartgage indebtedness. costs and cha+ges according to rife order of such court 10 That m the event the pem+iet hereby mortgaged. a any part thereof. Shit! tee caidemned and to\M under the power Of em,nent domain the Assoc,at•on Shall have tM right to demand Mai ell damages awarded fa tM ukirig of a iritury to sad pem+ses shalt tie paid to the Assoc,auon ,ts successors or assgns up to tM amount IhM uripad On tMS mortgage. and may be appbed to any wms test Dsyabte hereunder 1 1 That time is of tM essence of this Contract and that ra waver of any obirgat,on Mreurder. a of the ub!igat:un secured Hereby. she+i a! any time thereahr tie Held to be a waiver of tM terms fieeOf a o! tM pOmissory note secured hereby 12 In the event of any dehuit in arty d tM terms o1 tMS mortgage or in tM not! secured hereby and acceteranon by She Holder. or any other snuauon Snort would Caute tM rnteeSt pad a payable under IhK Obligation IO EiCeed tM rnleett rata aulhesried by law then m wcH evMt ail eaCCSS interest therelofese pad shaft tx credded to pnricrpal and a" atoned and unpad access mte2est shall abate and snal+ not Ae a^ ob::gahon of the maker o+ o} airy other person 13 That to the eatMt of tM indebtedness of tM Mortpsges to tM Assocrstion described he+ein or secured hereby. the Assxrauon s hereby subrogated to the ben a bens and to tM rights of tM owner and fiotde thereof Of rich and every rrtortgsge. lien es other encumbrance on tM rand described Mrein. which is Pad and sat,shed m whole a m part out 01 IM poceeds 01 tM loan described fieein a secured nereDy and the respective bens o} card mortgages bens a other en. cumbrances shall be. and tM same and each of them Mreby is peterved end shat: pass to and be Held by the 4ssocration herein as security fa tM in- debtedness to [M Associatan herein desurbed a Mreby secured. to tM same eaten[ chat rt would have been peserved and wouM have been passed to and rich Mtd by tM ASSOtistiOn had it been duly end regutarfy assigned. transferred Kt over and de',ve.ed unto the Association by separate deed of assignment notwithftanding tM fact cliff tM saute may be Satsfied and uncellld o1 rated it Deng the ,ntert},pn Or Lhe parties hereto SHat the same Wi!1 be Satisfied and cancelled of rKesd by ttie holders thlrepf at a about tM bme Of tM record,rrp of th.s rnestgage j 14 That if arty of tM wms o! money herein referred to be not prompify and fully pad with,n th,rty t30! days neat aftN the same severally txcome due and payable j es if taCA and Avery iM StiputitiOrrf. igreementf. COndtanS ind cOVlnanif of Sad pOmiSSOry note and th.5 mortgage o• either are nOi duty performed corn- !t pled with end abded by. tM aggregate win uripad order sad pomrssory note and this mortgage sna'i become due and payable forthwith or te,ereafter at the I Doran of [M ASSOCiation. as fully and completely as rt sad aggregate win of money were esig,naiiy st+th.iatM to tee pant on such day anytn,ng in Said Drom,ssory rate es harem to tM contrary n0[withttanding 15 Tha! .n order Io accelerate the maturity of tM rrdebtedness Mreby secured because of the ea• ore o! the Mortgayo+ So Dar any tor. assessment hawhty ot>:.ga hest es en!'umbran[! utron Sad pOplrry as Mrem pOVded. rt shall rat be neClSiary F.or requ~S~te Snort :tie ASSfiCObOn SHd't first pay the Same 16 That the abstract a abstracts of title covering the mortgaged poperty sliati at act times during the ':re or this mo•tgage re•na:^ in SHe possess,on o! the I Association and m event of tM foreclosure o! this mortgage. a other transfer of trtte So the mo•tgaged Drotierty :n e•n~guisnmen2 of the i+~deD2edness Se:ured Hereby. su right. title and interest of tM Mestgages m and to any such abstracts of trtte shah Dass to the Durcnastr o~ g+antee 17 Should the valdrty or I,M Of th,s mortgage, a tM rate secured thereby. b! Contested try litigation or otr+erw,se the Mo•tgagor agrees to pay to ine Assoc~at:on the cost o+ deferd,ng the same inctrrdirig a reasonable attorney's fee 18 To pay all and singular [fie costs. charges and expenses. including attorney s fees reasonably incurred or paid a! any time ray the Asyxiabon because Of the fa,lure of tM Mortgagor to perfesm. Comply rrth and abide by each and every the Shp:lahorK agres!mrnTS ux.~itions arw2 ! nvMarts of said promissory note and tMS mortgage. Or atfier. and every wch IeaCepi for ttie payment Of Lhe monthly mStailmenT a5 rMtuired by the PrOmrSSpry NOter Shdtl Dea+ intere5l from date at tale rat! pf eighteen per cent 11$'!6) per annum until fully paid 19 The Association shall have trte right at arty time end from tin! to tin! end vrthout not,ce to es cesisert 7t any person to .ai re:ease any portion of the Drem,ses from the Iron o! this mortgage. Ibi rebass airy person Wbb fa payment of any ,ndebtedness secured hereby rc~ aatend rife t•me of payment or alter the terms of payment o! s!t a any pan of tM rndlbtednest. without aHectinp a releasing tM personal liaWt,ty of any person :,ab'e iotMr roan env person released our want Mreto? for tM payment Of any win a interest tetured hereby and vin[faut in airy wise aitenng va+r,ng ^-r d,mimsn,ng She tortes e!fecrs or ben or fns mortgage on an tM penises not fpeaficalllr rebssed from the bbl of this mortgage by the Association 20 Ariy agreement hereaher made by Mortgages and ASSOCiation purwant to tMS mestgsge Shan be superior to the ngnts of the holder of any ,nterven.ng i.en or encumbrance 21 1rDOn request of Mortgages. [M Association may. et i!s sole Option from t+me to time before full payrrrent o} at. indebtedness secured hereby make further ad rances to Mortgagor. povided however. [het tM toter pincipa• secured Mreby and remaining unpaid- including any such advances sear' no: at any time ea teed the esrginal piricipal win secured hereby Mortgagor sMll pay all such furtMr advances with •nre•est and the Sarre. Sha!i tie secu•ed Hereby All povsanS of fns mortgage shall apply to each /urtfier advance as wen as to an other indebtedness secured Hereby Nothing heron contained however snap limit the amount secured by teas mortgage r1 sixh amount is iriueased by advances made by the Associat:ari. as herein etsewnere worded for to protect the Setur,ty - 22 In the event the Mortgagor fierdn. es any wbsegtrent MOtgagor Or arty person es corpprat~on owning any inraresT whatsoever 5houk: encumber the Drope+rv herein mortgaged tytr an instrument comnardy referred to and known as a wrap-around mortgage wrt?xwt first oMa,rn nq tM! written concen! Of the ASSOCia tan then. at tM option of the Association the t>b!igation secured by this Mortgage shah ,mmediately Mtome clue arM uayaMe 23 To povde tM AssOCiatan with Flood Insorartce Coverage r} ilia real poperty is raw o• he•aaher r2etermined to ce wirn,n a <p!ria, fPOrxf nara+d a•ea as shown on Flood Hazard Boundary-MSp+Flood insurance Rate Msp as published by the Federal lnwrance Admmstrat+on 24 At tM request of tM Mortgagor. tM Attttoastan sgreet to waive tM powsans of paragraph 4 relstrve to the tree:ion of a harard inwrance account. porided. however. that tM Assouation nUins tM right. at rte option. to n-infUte such porsans of sad paragrapH 4 as an obligation o+ the Mortgagor Mreunder upon tM happening of arty of tM fdiowing a A Failure to msks arty payment rpuired under tM terms of tM note on a Defese tM due date thereof 8 Farluro to comply with tM mwnnu povrsions of paragraph 3. a of any of the otMr terms and cOndrtans of this mortgage or note. or wrath LM inwrance raqu,rerrientf contained m tM Oeciaretxon d COndaniMYm end vacated documents sfauW the mortgaged poDerty be committed to ca'4omimum \ development tc'~i-~vt•n T/P-A a . ~ MtOM.7 a~,rnc~ P~ ~g