The URL can be used to link to this page

Home My WebLink About0920 ~ i ~ \ . ~ / Ic:, l . t~~~{ i ~O!!Ow'~! a~ ~i1dK COMMiIAt ~ ijTN i~ tO~~Q~111: 1. ~i~ O~ ~lld~ V~frM~. ~0!!Ow?il' rti~~ p['01lIQ~ ~r ~I~Np d!i ~M p1'~I~C~ 0~ ~liftfM~ ql v!! ~ l'~i~ bY fiM NO~s ~3~6t ~ ~i~ CiLt'~M ib ~O VI~M~ ~q ~M ~'1~. ~M ~M3~ O~iOd ~/f~ 00 YO, ~~!l~1I~SlOM N6'f~ ~0? ~ hs« ~a~d Inwranoe~ SuD~at ~o appticabis b~r o~ to a wiitt~n waiver b~r Iwe~d~r. $o~ shall pay to I,~id~r as t6a d~~r ~aorstlil~? hutalt~ots at peindpal and inisn~t sn pa~rsb~b ee~s th~ Nots. until i!u No4 is pdd in fi~11. ~ mra (h~dn "Ft~nds") wasl to aa~ twellW of t!u ysarty buce~ and a~se~saNnt~ rst~d? auyr ~ttain prbrity over thi~ Mort~~e, ~nd ~eo~und mfta oa ihe Ye~opiety. itray. piar ona twdlth of yMtly p~etaiuda ~ts f~o[ hNS~ed ituuran+o~. P1w oa~ twel!!h otyeas~y p~aaiu~, intsaItmants far a~os+~ap iasyraAOt. if a~t?. all a rtawnably ~rtimsi~d initLUy and troos tia~ eo bi~u by Leader oa the basis at ~ts ~d bilb and rw~ot~abia ~tit+aat~s t!~ '!L~ Fhnd~ ~lsal! b~ !~d in aa fa~titntian dspo~ib o~ ~owatr ot which an iasurad a~ ~wnniaod by a Fsdsrd a: ~tato ~r (iaclvdin~ Iwa~der !f Iwndar i~ a~L us I.wdK wisall aypty the I~nd~ eo ~Y said tuso, ~ts. insvranos p~+ra~i~ and ~raund r~ta. Lader aas not dusp to~ w holidins and nppiyin~ L~e Ftitn~. aissly:in~ said seca~~, or rrri.brins and compilie~ nid u~eata aad adMS I.ea~d~r psy~ Borrow~r intuwt on t!~ Fund~ aud ap~lieabb Lw p~etnib I.~od~r bo mak~ ~cb • eb~rse. Bosrow~r ~ u~d La?der ~sa,y a~r~e ia writini at ~e tiaae oi ~s~cution oi this Wat int~ewt oa tM Ftimds ahall be paki b Boritow~. u~d ~al~ wch a~se~at is mad~ o~ ap~lis~ebl~ tsw r~niiw wc3~ intere~t b ae P~d. Iender ~hall not bi req~dred to psy Borrow~u sa~ int~wt o~ earninp on eh~ Fhnd~. I,aid~ shall ~iw to Bo:row~r. ~rithoat char~. an annpal accountins of tlsa Fbadi ~howin~ ccedib aod d~bit~ to t1w ~ F'und~ and th~ p~upoM for whieh e~eb debit to tM Ftinda ~ae m~d~.'Th~ Fun~ sn pled~ed s~ additioaal Ncurity ~ur tM ~um~ Ne~r~d by tlti~ I~brt~. Ii tbs aaw~u?t oi tM Ph~nd. held by Lesder. to~ethe! with the fucnre awnthly ia.tallmance oi Ftinds pqyabk Qrior to ebe dwdat.. ottas... ' as~e~eab. iasaaa~ preminms and ~runad ranb, ahaU esc~aed tAe an~onnt requlyd to pay ~aid ta~s. aaetsments. its~r~nae pramiams g and ~rou~d reab u tbey fill das. oach euceN ahaU be. ae Borrowr~'~ optioa, either D~P~Y ~~d to BoROVrsr os a+ditd b Bortawe~ oa moathly in~tallcn~ab a[ t~nds. If tbe aa4ouni of tlie Funds beld by I,~nd~ s4saU ~ot be saHkieat b Pay taxea. as~menta. iusaraao~ pramium~ and Rona~d eaata a~ th~y fall due. Boreower ahaU paq to Lead~r any amornt nece~ssr~r to maka np ehe de~sey a?ithin 30 daps i hom the d~te notioe ia m~iled b~? Lender to Bo~rowe~ reV~~?[ DaY~~ ~ ' Upon payment in t~U ala~ll sums ~.w»d by this MortBs~'+. [.endes shall vmrnptiy refund ~o Borrowe: ~ny tu~d. beld by Lendsr. Unadar ~ P~T+K~d~ 18 Mreof the Proprity ir so{d ~ tt~e Propeit,y is othernri.~e aoqnired by Iender. Irend~ ~haU a~ly. no 1at~r Wan immedist~eiy p~o~ # to the sale of tM Proy~ty ar ita soquisitioo by Lendsr, any F1~nd~ held by Lender a3 the time otepplicatioo u a cndit a~aiASt tbe snms ~ecurad ; by tbi• Moets~e• ~ 3. Apolieat~oa ot PaTmeats. UnleN applicabk law ~avide~ otherwi~e. all psyments reoaved by Isnda nader tb+ Not~ wsd parasnplu i and 2 h~nd rhall be ~pplied by Leader fint in p~ymert ot amo~nts payabk to I,ender by B~oMrer under pir+~raph 2 bsroo~ ` thm to intere~t p~,yabk oe tl~e Note. ther? to the principai o! t!x Noce. and th~ to interat u~d p~rinc~p~l on swy I~tnr~ lWvanos~. i 4. Chwster. I.iens. Aonowe: sF~all pay ap taxei. asseasmenta and other ~harges. fin~ and impo:itions attributabk W tbe Property which ~ may attsin a ptiority over this Mort~age, and leasehold payments or around renta, if any. in the manaer providsd under parasta~ 2 hereof or. ; if not paid in rech taannet. by Bormwer makin~ payment, when due. directly to t}?e payce thereof. Borrower ahall promptlY furnish to I.ertd~r ~ aU notice~ of amounb due under thi~ paragraph, and in the evene Borrowa ahall make payment direcily. Borrower ahell promptly turnish to ~ Lender rectipts evidmdn~ such paymtnb. Borrower shall pranptly dischatge any lien which has priarity over this Mort~a~~ provided, tl~at ~ $orrower sheU not be required to disch arge any auch iien so long as Borrowcr shall agrce in writing to /he peyment of the obUgstion ~ecnred by such liea in a manner acceptabk to Lender, or ahall in Qood faifh contest snch lien by. ordrfrnd rnforcemcntof such lien in, ls~al proceedinp which operate to ~rvent the a~forcement oi the lien or forfeiture o! th~ Property or any part the~eot S. Hazard Insuranee. Borro~+r~ ahall keep the improvernenb now ezitting or benatter erected on the Property insared asaitu! iow b~r fire, hazards included within the terns "extrnded coverage." and auch other hasards as Lender may nequise and in ~uch auwunt~ and for ~ periods aa I.ender may require; provided, that Lender shell nol require that the amonnt of ruch oaver~ge e:ceed thas auwunt of covera~e ? required to pay the suroa secured by thie Mattga~e. ~ ~ 'I'!~e insurance carrier providing the insurance shali be choaen by f3orrower subject to approval by L.ender; pmvided, that such approval 3 shall not be unreasonably withheld. All premiuma on insurance policiea shall be paid in the manner provided under paragraph 2 hereof or, if ~ not paid in ruc.h manner, by Borrower making payment, when due, directly to_the inaurance carrier. ~ All insurance policies and renewals thereof ahalt be in form acceptable to Lender and ahall include a staadard mort~ate clause ia favor d , and in ' orm aooeptabk to L.ender. I.endrr shell h ave the right to hotd the policiea and renewals thereof, and Borrowtr ~hall pranptly fcraish to i.ender a11 renewal noticxs and all receipta of paid premiums. In the ever~t of lo~ss, Borevv`er shall give prompt notioe t~o the inaaranp carri~ and Ltnder. Lesider may mate proof ot loss if not made ymmptly by Borrower. ; Unles~ Lender and Borrower otherwix agree'in writing, insurance pmcee~ ahap be a~licd to restaradon ar repaiz d the Proptsty ~ dama~ed, pcovided snch restoration or rrpair iu economically fe4ibk and the~security o[ this Mort~a~e i~ not theseby unp~ired. If wch r+es3ontion o~ repair is not economically feasible or if the security ot thu Mortgage would be impaired, the ituurance prooeed~ ~hall be applied to the sums iecured by this Mortgage, with the exceaa, if any, paid to Borrower. Iithe Peupedy ia abandoaed by Borrowrr, or if Borro~va fiW~ to ~ reepond to Lender rvithin 30 days from the date notice is mailed by Lender to Borrower that the insuranoe cacrier oKen b~cWe a claim !a~ ' uunrance bet~efib, Lender is authoriud to coliect and apply the insurance proceeds at [.ender'a option eithe~ to rdtoration or repair d the ~PK Y or the ~nma ~ecured by this Mortgage. U~ ka I.enda and Borrower otherwise agree in writing, any a~.•ch application of penceeds to principa! ahall not e:t~end or postpone thedne date o the monthly inatallmercte referred to in paragraphs 1 and 2 hereo( or cF?ange the amount of such iastallments. Ii under para~raph 18 hereot the Property i~ ecquirsd by I.ender, all right, titk and interest of Borrower in and to any insurance policies and in and to the prooeeds thmoi rasulting [rom damage to Property prior to the sale or acquisitian ihall pass ~o I.ender to the exernt of the sums ~ecured by thi~ Mortga~e immediately prior to auch aalt or anquisition. . 6. PrerervaNoa and Maiotenance otPropertr: Le~ueho[d~; Condomina~as; Ptanned Uait Ikvebpmrnta. Bormwershpll keqr tl~e Property in ~ood repair and shalt not commit waate or pemnit impsirment or deterioration of the Property aad ahall coonply with zhe provisioru d any kaae if tlsis Mortgage ia on a lesishold. Ii this Mort~a~e is on a unit in a condominium or a planned nnit devebpment~ Borrower shall perform all oi Borrowei a obligations under the declaration or covenants creatinRor ~overnin~ the oondominium or pl~nnd nnit development, the by-laws and regulations of the condominium or planned unit devebpment, aad oon~titna~t docnlnent~. Ii a condo~ninium or planned unit devebpment rider is e~cecuted by Borrower and recorded toQetl~er with thia Mort~a~e, the aovaunts aud agreementa of such ridtr shall be incorporated into and ahall amend and rupptement ths covenants and agreemmta o[thia MorE~age as i[the rider were a part hereof. 7. Protection of I.eader'~ ~ecurfty. Ii Borrow~er taiL to perform the covananti and a~reesaenta contained in thi~ blortsa~e, or if any action or psooeedi~ ia eommenced w~hich materiplly ~f[ects iec~der'~ intere~t in tha ~'ropertY~ includin~~ bat not Wait~d to. a~ninentdomaia. inwlveacY. oode entoroemenR or arran~esaents or proc~edint~ involvins s bank~vpt ~ deaden~ the~ Iwnder st I.~'~ a~pboe,tipra notioe to Borrowrr may mal~e ~od? appearsnoea. disburse auch sum~ and take such action a~ i~ neoewanr to prowet Lwadae's int~es~, iodudins. bat not l~raieed b. diabus~ement of rea~oaable ~tarney'~ te~ and entry apon the Propedy to make reyairE. Ii l.uid~r reqnierd mortiase insurauoe a~ a condition of waki~ the loan ~eeured by this Mort~ase, Borrowa sha11 p~Y ~ P~~ ~9~~ ~och innvanoe in dieet antil wd~ time a~ the requimneat for ~uch insaranoe terminata in acoordanoe witb BoR+owd~ aad I.a?d~'~ written apeea~eat-u~ appiicsbk Law. Borroaer ~hall paY tt~e amount of aU nsor~~e iawranoe pseminme in tbs maaner ps~arid~d nsidK D~~~Dt? 2 bereof. My aawonb diabnned by Lender p~usuant to thu psrs~raph 7, witb intes~est tt~ereon, dull b~oome additioasl ii~tbte~a~ o[ Borraw?er ~ecnred by this IKort~a~e. Unler Bortower and I.eu~x a~r~e b ott~r tKO~ of Wyment, auch amouab ~hall bs payr~b4 nooa notioe fiom Iwnder to Borevaer re9~~ WY~t tberaot, aad ahall bar inier~ot froa? the date of disbar~esaa~t at tbe ~ste pyrabb ~oO tiave b tia~e on out~taadinL P'~~+PV under the Note nn1eM paymmt ot ialsrMt at wch nte woald be caitratp b a~pl~ 1aw, in w~1 eveat ~~ch amaunb ~hall beu inta~st at tbt hi~heit nte per~niMibk aoder applicabk law. Nothia~ eontained ia thi~ para~raDh 7. ~haU raquirs I~nder to incnr sn~? ayea~e or take an~r sctioa_t~nder. c. . , t . ? ,1 ~ ~ - ~~4 PA~ ~I20 -4.