HomeMy WebLinkAbout1551• ~ i 1
1 ruder s a.ratcm ~+anctar ,ea aAi~:tbir kow ~urruwter sltail tiny ~ arrt~xant d ~ ttwrtg~ insurance premiums in the
tilaAflW ~lN`ld[11~ ~tat1~ ~1ir.a~'~.~ , ~~ed
Arc~• atracuarrts dnii`warred k 1 taller Owsrurctt ou this psrtgrapA 7, with mtecest thereon, shall become additional
~nir-MoBrrrra ~cd !r<rurw~.wrc ve+:armd ty,s d,~, lfart~rgr 1'nirti Burrower and lender agree to other terms of payment, such
anxsum+. >~atl he ~>~ ,,,mss ~~rii:r [n+t~ 1 ~nrfltr eu B~rrowrr requestatg pcrym~ent thereof, ami shoU iettr interest fmm the
date od 8i+.~ucsiasoot ,~ d~c rye N"`~ ~~`~ timr m t»ae ow atesrandirtg principal under th! Note'unkss payment of
ir'~ •~ swcir carte anoiri k z~ooitrrrs °`* a~;asir Erw, rw which event such amounts shall bear interest at the highest rate
1r tre~icr ~~ b"c' phi ~aotrirt~nl ~ ~+ pu+agrapA 7 shall require Lender to incur any eaipectse or take
~'!' atxior ireRttsier_
a fl.r~tt~ lesdltr Dora aaat`aLr.w :a..,-r s.• sr rtauair reanattablte entries upon and inspections of the Property. provided
tttaa leta>iQ s3uik t~ ixro~raty ~wurr Rrax a, ,p„ S+wR azepcctaote ~, fy~ reasonable pttle thtarefor related to Lender's
tntcrsest y. sire !'rgpevty _
!' C~tita~sttttia. 71r ti,r,~,rcg- vt `~ +^rasd a chrttt for dacaag+ev, drect a toc~queMial, is cotwtection with any
a~ode~aaria. ~ e~ ttatiita~ d tie hopevi,7_ or pn tberect. or [a conveyance iw Nett d coodemoatiow. are hereby stsigntjd
rrtd slatti k pii as Tiaier_
h attic errant d a t~ ttati.,: d tie Pr~o*rrgr_ tfre proceeds sltaN be applied to the sums secured by this MoAgage,
'""~ ~ wets. 1 ~ !~ ~ ~~* b tie watt d a perrtial talang of the Property. unkss Borrower and Lender
c+daeraise agtatae . asi~.. tiese sfhai tbrr a~6td oo~ the wAS secured by this Mortgage such proportion of the prooteth
~ *s ~d ~ tire[ '^~ tdr ast-~nns ut tde sums secured by this Mortgage immediately prior to the date d
rating tveaas na- tie Pale aatrLel salur ,~ dlr !n•{~cste ~amrediaeety prior b the date d taking, with the balance of the proceeds
;ud so ir!rsawcr_
if tote !'!rr*sotws• es .~Isamiwrrti! trs tRd:rr~et ar if aftrrr eorice br lertdrr to Borrower that the tottdemctor offers to mate
an aaa•ard tar ats~r a ~laan frE dares a,r,t.,,,,rc, ftafv n+ respotrd t+n Fender within 30 days after the date such notice a
mailed. Lenuinr n. autatberiittn/ oa ,nth-s ,~ ;~,pts, rly,r p~K~, at Cendes i oQtion. either to restoration or repair o[ the
Prt+~Crta tar u+ ttlar euesn. +t+:~nred bras riw '.6T.+rrgagrr.
Ilznle-s I ortdler .m/ I<.am.*~ser ~.,.wr aitee+e re wrlEing amt such application of proceeds to principal shall trot extend
~ 3'c'~''"e al<ae dWr drte' rd t3tr aast.~sn+as rderred m in paraEraphs 1 and 2 tiered or change the amount d
suds
tM. ~orwwer lot ~etie~i. Faserrtiots d tie torte foe ptrycwent a modtAcation of amortization d the sums secured
by thK aLnrtgagr igraraad Ms• lts~8nr sa aer saeeeseoc rw interest d Borrower shall not operate to rckast. in any manner.
the 3ia~ale'y rf tit rriipiwti ievrvacr aii Iloer+arier i suc-.-es cxs iw wtererst. Lender shall not be required to commence
s'r~~+ ~~ vuzlt smaaczotr tar tebttar b tstt:rd Darr for poymnrt or otherwise modify amortization of the sums
sew urea ~ g4ns )Lt~rtgatee thr tearte~ d arttg end iaaade 6s the oritirtai Borrower and. Borrrnver s successors in interest.
i1_ Fisiemace tllr I.eoier V a tli'ai.es: Aas ftx6earan~-e bsr lender in csercising any right or remedy herctmder. or
cnliessi~ise ae6Cmioii tw• a;i1r Irtar_ shad Dolt tE~c a waiser c+t or preclude the exercise of any such right or rettnedy.
Tl'~ ~°°Oem 't'E ar tilt tNl~~ d` ~~ ar artier Gees or cAarges by Lender shall not be a waiver of Lender's
rsabu so aasaderjttc ~e atldwrih} .tf tit SeL'1rrld h} thus Mortgage.
12. 14+rsa+it?ies Cotaoidw~ Al• tcaeeiies /rQViitled iaf f3tis 1lftvrtpgc are distinct and cumulative to any other right or
ttwte~• :rordear dtais ]Btvntgagtr or aseiried tb~r tlas for ~y_ and may be exercised coeteturecttly. independently or successively.
1]. Borers aaai d-~s flis~t -Trait atti Several f3iily: Caws. The covenants and agreements herein
oorasatod sfiaB ti~ittd. aed tic ^~+ iieemt~ier siai iwwe b~ tde respective successors and assigns of Lender and Borrower.
subject b rote lriv.it~iawa d /oragtr+pi 1? tievtot At! eon and agrcerctcnts d Borrower shall be joiry and seven).
71be .cyctinac ad ieaieB.s d tie prtQat~s. d ties Mtxtgagt are fix convenience only and arc not to bt used to
cvr ~e tie p+or•+itiiwm ttieset+(
it Mete. f~riczpt !tiw aa~ arae,,-e a!etpred umier applicable Ir, to the given in another manner, (a) any notice to
f3cnrc*>+imr T'm''~g Ter aia drain Jifort~ier sly 6r gtis~ by such notice by certifkd mail addressed to Borrower at
the PTCilxvty .143itess a+r ae sirei +o~cr .atit~#r~n. as dnrwer arav designate by voice to /_ender as provided herein. and
(}-- am atetioc su iraate3 sir tiie gtr.rzs b!s eertaieai trcrtt return retxipt requested. to lenders address stated herein or to
such ~aaMr a8ittss a [racier issata J~aer by m+t~e h- Bornwret as provided herein. Any notice provided for in this
Mcmtgage sfaai8 lk ,do®aer a 3ut.e !)m gk°~ to ltarn~~rer .x Lrrder when given in the manner designated herein.
1S. <lirm yforlt,~r_ Gwevrii~ [s: Seseraiirs. This form of mortgage combines uniform covenants for national
ine and mna-~sir~aaa r+ .~,~ 6o,oni ~;uaar,.•rrs h.~ turn~tion to corgtinrte a uniform security instrument rnverins
teal ,Prag~y' ?ltirE al~ecega~ipr sfartl ie rweirnrd M the faw of the jurisdiction in which the Property is located. In the
eveart tiua any $ira*~ir^sk+a ,or r~uie .at adan ~ .n the tiuttt conflicts with applicable law, such conflict shall not aBect
other pro.•1s+i.3ts rrf a3i:s 3i~anpycgtr rx t8ir \.~ Wd+ch cart be given effect witAotct the conflicting provision, and to this
tsid the #irtw~i!aeuet rd mLr )it+atg~r ascai tdr ~oae .rrz .declared to be severable.
lf. Itos~weh CoRi_ Bnerw-er snail lire faamtihcd a confaca>+ed copy of the Note acrd d this Mortgage at the tithe
od sarcamiom avr sfaea toc~er~tcseari ldeaed
17_ Taatafer d tt^ie~fr~f~~ews: ~+-~aa I[ alt .x arty part of the Property or an interest therein is sold or transferred
~ORrOWr! +ri'JC}KA!/ lY~r~ipr s pf1t~C ~iFlr^.;T ~.»nr e>Litidirrg la- the creation of a lien Or encumbrance subordinate to
ilaes rtlt<- ~ rlre ~.eio .•! .i, Risc.if.r+rr irr~~a~cv SreCiirihr mtt~rest for houstltold appliances. Ie) a transfer by ckvise,
descant ar t+a• ~xxaa.a+oi rd E}r~. ~~ cir .tratl~ u! .r iwnc anranr os fdl the grant of any kasehdd interest of three years or kss
nor oc~rgg am ~~'a Ac* gtraxli~ lt:mierr ears. at lt:ttaier's opci~xt. dect.ire all the sums secured by this Mortgage to be
iali9eClirRr3q Oar arnd ~u?iat!•b~e l~cr .H.ti#~ ti4rwc ~-.aarrd su:h optuta to accelerate if. prior to the sak Or transfer. Lender
and nc~ porvem ac* siFuon the fh+agrrrs ww r~.• t!r ...it.t .~. tcmfemd reach rgrc~ment in writing that the credit of such person
x sasrdacacra u+ [tn..9ea .rnd cpkrt afar ana:s~.t pusrbir os the sums secured by this Mortgage shall be at such rate as lender
shall regttct~t. ~ trader ins 'nairstdt air ugr,.aR ca accdrraoc pravidred m this paaragnph 17, and if Borrower i successor in
iraottest Iaats esewaod a aIIti~a .tet~cu-~o, .r~rcrnaerat ai:ceptacd ie writing by Leads. Lender shall rekase Borrower from all
obiiZauiotee aua6tr alas ]f,eesgiaigr acct fir N.~e
If tlcndex caariiscs Bari vpe,w~+n mf a~;,;,cttF.uc, lemur shah mail Borrower notice d accekration in accordant. with
parr~raph ]~ 3aocod Sri:lY rmttuae SiaAi prs~wic a prriad of sot kss than 30 days from the date the notice is maikd within
whic3a ~ar7awear anr3 N* ~e err®S ~/ti:"aerra! ~[ It Borrower faits to pay such sums prior to then expiration of such period.
Leardcr nary. t.uilatut f~ orae.or ~w .11ostot~ oR tllorrower_ mvohe any rcated;es permitted by paragraph 1 R hereof.
Na*-a.imr+ausa Ca-suwsrTi Bl~+rarwer ant leader [iwtier aoveaaat and agree as tdlosrs:
1a .#ocds.r..c tl~tre~ Etegt = pt..iiei i psa~agi 17 ier~ .*.. iorrra+.es's r~ d .try covewat or
apeearaR d irw.s ~ Mss fir. idni.~ tier cw+anan r 1>4 .Res inr »y stems stcttrd y tltb MortgtiRe. Lettaer
puLr.tr aeesdeortio. stltsi.r.i ~fiice rr i.....ar = pr..Nd in p.rspsp! Is tiered specryi~ Il) tie brcocM:121 the aetiott
sgio/ is eete snrti i•eacfk tAl a stet:..t tars ttso. ~ iatls trot fire ire rite notice b ttttticJ N Bereower. ~ whkA sncM
f+trsci ~ the eset atatt t1g11 tilt fbitr tr c>.te :d h.eaei o. or t~d..e ur ik sprclier iw the ttottire twat' resale i.
aoudteaiw d ttfte sheens swcsiti ~ reties w..ttjt~ fi.rrrb~ ~ jtllrbfa p.«tai.g tttttl stle d tRe rroperty. 'rate ttettiet
sifts f..tirr:dutm fi.....irr d fir .i~t t..e:..tatte afAs at~a. atitl fir taidt M ttoert b tDe teteebs.re ptoeeedlttg
tie...r~rorrwce d s ar!'.ttr tar amt .rrr ifir.ar d >lo....er r aftederalb. aai firselnssre. fT Nee iresch b trot etued a
ter iieime tie fete s*nairri i tic ostGr~ ttrir ae l eis't optl~ ~ areltre tart d tie earnest scented fay fhb MertRaRe b be
aoteinrt#s ie arts ~oiir ai~sot ffittttier iesa~i arrii taarafy f`arlre rib Mortpgt ftq jniirW /rracatiibR. f.enAtr shsM
fee atBitti eta eras i ss+ri pweeoirtt ai eaf~eores of florrebitnftq itcisin~ fast nM imitiJ M. rtarettaMe att.rrsev's fees.
attfi aslt d ir>•rnrrf e.:afacsre. airacariat affti tirr tePrrR
11 Ilorwwa't flt~ft r ~~ ti,x.+rhnr.r-adng 1 ernirrs acctkration d the sums secured by this Mortgage.
8arran~ ~ wK tide ryAtt ~. t+vnr rrr.. ,'t<e,c~f:n~~ !,r~u~n bt Lender to enforce thn Mortgage discontinued at any tame
~~t~4 Px~E~.rJe~i ,
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