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Home My WebLink About1484 ~ d uwrotu. G~ovetrwtns. ~oero.?er atd Leads covaaat and sgroe as tdbws: Plgttttaat at ldneyd aart i~lsrett. borrower shsa pramply Par what due tie priacipd at sad itteereet ores dte svideaoed by tic Noce, pt~taytttent std Isar: chants as provided in the Note. atd des principal d and iMaest as nay Futons Advstooa seared by this Mortgags. lratle fine 7Latts tt¦rt ttatseaaea 9ubjat to applicable law sx to a written waiter by Leader. >toevwee tia8 Pay to Lettdsr oa the day awatNy i~ of principal std intents! rrre p~yabk wader the Note. urtW tie Nwe is prod iw tuM. a testa (Iwteia "Ftrada'~ equal to acre-twelfth of the yearly ta~?c. turd asaastaaKS which ttsay attain priority arer this Mortgage. and gtottrd roars oa tie Properly. it say. plus oaMwelttb of yearlli pretairtra itasaBt.eats [a haratd asuraotx. plus oaatMdith d yearly praaitins installttsarts for aortgage irrwranoe. it say. all as ra~sorsably estiwsated iaitiatty sad ttaa time to tiara by Leader ore the bass of assasrrrents atd bilk and reasonable atintates tiereot. ' 7be Pleads tdrall be htdd is an institwian the deposits a accounts of which are irnttred a gsaraaseed by a Federal atr taala agency (iachtding Lender if Deader is such an irstitutionl. Larder shall apply the Panels b pay said taxes. asarxtaratta. iatarraooe ptemiturs and pound rents. tender may not charge for sa holding sad applying the Frardt srraly>;rag said acootaM. or veritying.aad Compiling said assasrrretrts and bills. unless Leader pays eonosra interest a the Funds and appliabie law permits Lender to sake such a charge. Borrower and Leader rmsy agree is writing at the time o[ execatioa of dl's Mortgage that iataat oa the i~ssds slap be paid to Borrower. sad urskts such apeaaart is made or applicable 1s*r requires twdt iatetat to be prod. Lender :loll nor be rrtequired to pay Borrower any irtarat a earainp oa the Funds. !.ender shall give to Borrower. without charge.:n annual aooounting of the Funds sharing credits and debits a the Funds and tike purpose for which coral debit to the Funds was made. The Funds arc pledged as additioosl security [a the :urns secwed by this Mortgage. Tf tie attaowrt of the Fusels hrdd by I.eirder. together with the future monthly irrstslhne~ of Fusels payable prior to the due data of taxes. irstusnoe premiurtrs and ground rents, shag exeood the amount regrrirod to pay card taxes. aaesatents, iawrsaoe praaiurrs and gtotnd teats ss they fall due. such excess shag be. at Borrowers option, either promptly repaid to Barawer a credited to Borrower oa monthly instalhaarts od Fords. It tie snaount of the )Feeds btdd bf Lisdar stall tact be stticieot to pay toes. asst~inarts. instrance pr+anitmrs std grorwd rears as they fall due. Borower aball Pay m !,coder nay arrratnt rteoessary to make up tie deficiency widen 30 days from the date notice "s mailed by Leader b Borrowsr negttestitrg Payment thereof. Upon payraeat its ftdl of aB sttoas secrtred by this Mortgage, Lender tdaU promptly ref`uad to Borro>er nay Funds btdd by Leader. If under parapaph 18 hereof the Property a sold or the Property s othawiiae acquired by Lerrda. tender stall apply. no biter than immediately prior to tie sale of the Property or its aosprisitiar by Larder. say Fusels held btr [.ender at the time of application as s credit against the srmrs secured by this Mortgage. 3. Appiieatiaa at Ptgaestls. Unless spplicabk law provides otherwise, aQ payments received by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender fins in payment of aawurrts payable to Lender by Borrower under paragraph 2 hereof. ties b irsterest payable oa the Nae, then to the principal of the Note. and than to interest and principal on any Future Advances. 4. Charges; Lies. Borrower shall pay all taxes. assessrrrerrts and other charges. fines and impositions attributable to the Property which may attain a priority over this Mortgage. and leasehold paymarts or growrd rents, it say. m the aaaoer provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment• when dire. directly so the payee thaoof. Borrower shall promply furnish to Lender aB notion of amoutus due under tha paragraph. noel io tie event Borrower shall -make payment directly, Borrower shall promply furnish to Lender recaps evideararrg such paymeats- Borrower shall praaptly discharge any lien which has priority over this Mortgage: provided• that Bamwer shaA sot be regtdred to discharge any such lien so brag as Borrower shall agree in vvritrrrg to the paymart of the obligation secured by such lies in a manner aaxptabk to Lender. or shall in good faith contest such lien bar, or defend eoforoeiaerrt of such lien ia. legal proceedings which oprnte to prevent the enforcement of the iron or forfature of the Property a any pw.rt thereof_ S. ltlaari /asaraat~e. Borrower shall keep the improvements raw existing ar hereafter enocted oa the Property insrued against loss by 6rc, hazards included within the term "extended coverage". and such other hazards as Leader may require noel in such amounts and for such periods as Lender may rcyuirc; provided, that Lender shall not roquirc that the amount of such coverage excad that anrourt of coverage required to pay the sums secured by this Mortgage. 'Ibe ittsursrroe carrier providing the utsurarree shall be chosen by Borrower subject to approral by i~eoder: pvrirled. that such approval shall not be uatca~onably withheld. All premiums on ir~anoe pdiciet sha8 be paid in the manner provided under paragraph 2 beroof or, rf not paid in such manner. by Borrower making payment, when due, dirtxdy to the ~ insurance carrier. All insurance policies and renewah thereof shall be in form aceepabk to Lender and shall include a standard mortgage clause in favor of and in form acapabk to Lender. Lender shall have the right to hold the pdicia and renewals thereof. and Borrower shall promply furnish to Lender all renewal notices and all reeeipa of paid prrxniums_ In the evrnt of bas. Borrows shall give promp rrotioe to the irrwranoe carver and Lertdcr. Lender may make proof of loos if not rrrade promply by Borrower. Unless Lender and Borrower otherw+se agree in wntrng, inwrance proceeds shall be applied to rcstotation or repair of the Property damaged, Provided such restont+on or repair is economically feasible and the soarrity of this Mortgage is rat thereby impairrd_ If such restoration or repair is nor 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, d any. paid - to Borrower. If the Property is abardorrod by Borrower, or if Borrower fails to respond to Lender within 3Q days from the date notice is ma+lod by Lender to Borrower that the inwrarrce prricr offers to sdtk a claim for iasurao~oe bardtts. Lender ' is authorized to collect and apply the inwrance proceeds at Lender's opwn either to restoration or repa"sr of the Property or to the sums secltred by this Mortgage. Unless Lender and Borrower othervrise agree in writing, any such application of proceeds to pnndpal 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 Lender, all nghtt title and interest of Borrower in and to any insurance policies and in and to the procoods thereof resulting from damage to the Property prior to the sale oc acquisition shall pass to Lender to the extent of the wms secured by this Mortgage +mmediate!)r prat to such sale or acquisition. f. Preservatloa sad MrtatesaacY of Property: I~irolris; Coademiairraas~ Plsaaei Unit Detelopmeats. Borrower shall keep the Property in good repair and shall not comr9it y?aste or permit impairment of dnerioratan of the Property and shall comply with the provisaiu of any kale if the Mortgage K on a kascholld. If this Mortgage a oo a unit in a condominium or a planned unit development. Borrower shall perform all of Borrowei s obligations under the dxiaratron e or covenants creating or governing the corrdommium or planned unit development, the by-laws and regt+lstions 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 wrth th+s 1?torigagt, the covenants and agreeareats of such rider shall be incorporated into and shall amend and supplement the covenants and agrearrertts of this Mortgage as if the rider f were a part hereof. Protection oft Leader's Seerufty. It Borrower to+ls to perform the covenants and agreerrrents contained in this Mortgage, or if any action ur proceednng rs cummcnceJ which materially affects 1_eitder's interest le the Property. includ+ng, but not 6m+ted to. eminent domain. insolvency, ode enforcement, or arrangements or proceedings invdvrng a bankrup or decedent, t)ren l~rrder at Leader's opion, upon notice to Borrower, may mate such appearances, disburse such sums and take such action as is necessary to praect Lenders interest. inclrrdinf. ~ but rat lim+ted to, disbursement of reasonable attorney's fees and emry upon the Property to make rcparrs. If Lender required mortgage inwrarrce as a conduion of making the ban secured by this Mortgage. Borrower shell pay the premiums requital to mainta+n such insurance in effect until such erne as the requirement for such mwrance term+nates +n ac:ordance with Borrowers arrd V .j~"• _ _t s r ~ , . BQe7K P~6Ei~