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HomeMy WebLinkAbout0945 . . .r . , . , . ' -'i~tc),it1 b~;:E i~~;~ . . . - ~ ~ y~4 ~ : • Kt . ~ ~ . _ . . , , _ • . - • ' . ~ . . . A ~ . ' UNtFORi?t Covtr+.~Nts. Borrower and [.cnJi~ cv~enant anJ agree as foltc~ws: ~ 1. ~aymcnt of Rincipal aad Inlerest. Hurru~rr ~hal{ pr.~mptty pay whcq due thr principal ut and interest on the indebtedncss r~ tidrnccd by thr Nutt, prepayment and I~~tr char~c~ as pruvi~lcd ~n thr Nou, and the p~incipal of and inlercst , : , ~ uty Futu~r Atic ancr4~.securtd by thic Mur4q~y~~, , . : . , , Z. Fnnds tp~.,Tazes ~l r~sunoca Subject to app~KaW,c t3w o~ to s written wa~ver by Lender. 8ortowc~ shsil pag to t.cnd~r o~l thr day.mooth~y instalim~nts o[ pnncipal ~nd intere~~ are payablt under the:Note,unti! th4 Note ~s paid ia tyll.; , A sutt~ (hcrcin,"Fuq~ts"~ ry~~l to onc-twcdhh ot ~hc ~c~rly ~a~c. ao.i asccssments wh~ch ma~ attain .pri.!~ily over ihu Mortgage, and ground ~e~ts on the Ptc~perty, if any. pliis ~•nc-tNClith of }c~rly prrmium installmentc for hatard insurance, plus one-twelftl~ of ~ea~ly premium inct~llments fur mortgage imur,~ncr, ~t any. ~11 a~ rea~onaMy ect?mated ~nitiall)• and itom time to time bi• 1_ender on thr ba,i~ of -ri~rssrn~nts :?nd I~ilk ,~nif ~r~,;mahl~ esum;u~ti thcrcof. The ~unds sfial{ t~ held in :in in~tieution the de~~yits or .,,cuinns ~~t whrch .~re imur~-~i or gt~ar:?nteed hy a FeJeral or StatC agen~}• tinilud~ng L.cncler ~f Lrs?.icr i~ sach :in institutiunl. ! enilcr ~hatl .epplt~ the Funds to pa~ said ~~YC~, assessments, insurance promiums and ground r~nti. Lrn~cr may not chargc iur hul.ling a~ul a~plyiiig tix F?~ods, anah•~ing said account~ or ~•erifying and cnmp;ting ~aid ~sse.cments and hill., unlcs, l.cndtr paj~~ 13vrri~N~cr inte~c,t :~n the Funds and 'rppiicable law . permits l.end~~ t~~ maS:t. Su~h rharge Hurr.~KCr and l.rr~~te[ m:~~ :egrrc ip wcjl~n~, at Ihe tin~C uf caeculiun of lhis ?~iortgage that entcr~st ~~n the Funds shall txe p:liJ t~~ B<1ffa~Nt(, 311tS untrs> >uch agrcrmer.c ~c maJe or appliwhle law reyuires surh interest to he paid. 1 ender .h;dl n~~t hc rc.~wrr~l t~~ p.~~ f;,~rr~~t.cr .~m interest .~r ca~nings on the Funds. 1_eodtr shal{ give tu 8e~rr~~w~er, w~thc~ut charge. an annual a:r~+iinnng ~~f the I un.l~ ~I1JN~ing credits and ~cbits to the Funds and'tht purpose for which rach dch+~ tv [hC Fun~1~ W a~ madc I he l un~1~ :irr pl~.i~rd st1J11wo.il srcunty tor the sums ~eCUrtd ~ . by this ~furtgagc. . ' 1f the amount ~f the Fi~nds hrld hy Lendcr. tugcihrr Nith ti~r (utur~ mvi~thh in.t:~l:mentt of FunJs pay~ble prior to .lfi~ due'dates of iaYCS, as.rssments, insurance premium, ~n~l grrun.l r<<it.. ~hall ~rrrcd thr arn.~unt rryuired t;: pay' said taxes, assessments. ~nsur~nce premiums aiid ground renu as thc~ t:~ll dur. .~~Lh r~cc.~ ~h;~ll txr. ~t tiu~ruwer's opi~on, either , promptly~ rcpaid to Boriuwrr o~ cr~~ited to Burn~~re~ on n~~~n~hl~ ~n~t:~Umr~t~ Fuod,. If tth amount of tfie Funds held hy l.ender shall not be ~utFtcient to pay ea~e>. ~ssc,.ruents. in.uran~~ prcmtums ~~i~1 ground rents ~s they fall due, ~ Bortower shc?Il pa~• to 1_en~jer any rmuun( nece~~ar}~ ta make up the .irtic~en.~ N'ith~fl 10 Ja~s fr.~m thc date notire is mailed by 1_eri~er to .8nrrower requestinK payme~t thercof ` " ~ ' ~ Upon payment in full uf all sams se~urcd by thw Mong:+~c. I.ender :h~ll pram{+tly ref~~nd tu Bexrower any Funds , heid by Lendcr. lf uoder paragrrph I8 hcrwf the ~'ropcrty ,o1d thc Pro~n) ~s wherw~.c acqu+rrd b~ Lendcr, Lrndcr shall appl~•, nu I:?ter th~n ~mmediatcly pnor ta the •ale oi thr Pro~rt~ ur i~~ acyuis~t~un h~ I.rnder any Funds held by LenJcr af'the timc i~t application as a crcait aga~rst thr sum. sc~ufc.~ h} ih~, \S~~rt~.?gc. 3. Applicalion of Pa~ments. l!nlc~~ applic:,hl~ la~: pru~~.!,s utti~c~+i,~. a!1 4~.s~m~uts r~c~iv.;d b}~ lender under tht I~tc and paragraphc I and ~ tnrrof tih.~ll bc ap~:~cJ bt 1 rn~l~r tir~~ in r.~~mr~tt ar:i~,s~nts payahlr t~~ I.cn~lcr b~• Borrov?er under paragraph 2 hereuf, then tu int~re.t p::yahlr ~+n th~ \.,~c. thcn a. thr prin~ip.s! i~f thc Nntc. ~nd ~hen to irtterest aod principal un an}• FWUCC Ad~~ances. ' Clla~~es: Liens. Borru~cr sn.~t1 p.i~ :,11 la~~.. z.,~~.rornts .~nd uthr~ .h:+rgc~. fitic~ and im~usiti~yns ~tttibutabk to ~I the Propert~~ Nhich may attain a pnnrity ovCr ih~, ~Iurtbagr. :uid Ira+rhrici p,~tinicntti or ground r~nt~. if an}'. in the maitMr provided und~r ~,ar~graph 2 htrr.~f ~•r_ n~d }~.uil ~n .u;h m.~ns~~r i~~ R.~rr.~:,~: m.~l.in~ pa~ment. •.~hen due. .lirectly to the j Qa~ee thrreof. BorroKer ~nau pr.~mr~i~ SUf~~~,~i S~~ ~.Cniitf a{~ !2~+1:~i'. .~ttlut~tl(~ ~~Ut :indcr thi. par.~graph. :,nd in the event ~ Borr.~wer sh:ill makC pa~•ment d~re~t+~ K~~rrr~~zr .h~ll ~r~~r~i~~tl: ~urni.h a~ l.c~«I~s s«.i~?. c~~den,sng iu.:h payments. Borrowcr shall p~omptly ~icch.~c~c an} i~cn ~Lhiih h:~~ ~,i~unn u~cr ~hi. ~tortg:~ge: prm~~.tcd. ;h.~1 R~~ifOK'tf ~hall not be required to ~fischatge any su:h lirn w I~~:~g :~c Br:rc~wcr ~h.~ll .~gr.Y in N~i~in~; t~~ Ih~ pa~nt~nt <~f thr. uhligatiun setuted by such lien in a m.m~er acc~p~~+ble io t_~nd~s, ~~r .h.s3i m g,+.~d tanh cuntc.~ .u~h tien h±, or ~efend enlorcement of such l~ee in, legrl proceeding~ Hhich ~i~;r.~le t.~ pr~~~nt thc c~it.~r:r::ui~t ~t thr l~~~ .,r f.~rf~~tsu~ .tf th~: P~.~pert} vs'as?~ part thereot. ~ 5. Hazard Insu~ance. K~~rru~+r~ ~h:d~ l,r~~~ ~'~r ~~~i~,~.~~ _•rnrr,t, n~~~ r~.~.;,n~ i;~r~after crrcted on the Prnperty insuted ~ ~ agsins[ loss hr fire. h:~zarul, in,:lu~i~J ~~+thij~ chr trrn~ r,t:n.lr:i ~~,~cr.tb~' .?n~l ,u.h ~~ther hazard~ Lrr~dcr rnay' require ' and in such amrt~nt. a~et :.~r s~~:ti j~~ti~~J, ,i. 1 ei~Se~ m.+} rcyttit.. ~~r~~~.id~,l. that 1-~ii.f~t ~hail n.~t !cys~ir~ that the amuuni of ~ StlCt' iOYCfdQC C\Cc~d that am.~unt c~~•,~~.~tc~ fa~:lU:r~~ t,i r.~~ 1F~ ,t~Rt. .::;~Rd h~- th~t ~tofIQ1~C. . . I 7~he ~nsurance carricr ~ro~~di~~L !hr imi:r.~n.r ~h.si( ~k ;ii~~;~•n f.~ B:~rr,~:<<r ,~ih;rrt f~~ appro~ai by Len~ier: pro~ided, that su~h approvat :ha1i not bt unr~c,.~,r.+i,l~ ~.~Ueh~ld :~li pr~nuum~ ~m tqNlTanc~ p~~li:~cti .hall bz paid the manner pro~•idcd cinder paragraph 2 hLr~~~f ur. ~i z~t p.,~d in uuh nia:u?~r. by ti.~rra~..cr making payment, when due, J~rectly lo the insurance carrier_ All insuranct pc~li~ie..in~t rencK,~l~ [hcr~~~t ~hs!i tx in !ern~ .iirr~~i.~hlr t~~ l ~n,k•r .~nA Shalf ~nclude a ctandard morlgage clawe in fa~or ~f and ~n f.~rm a:;ep~.+i~;e i.~ 1_cndrr. 1.cnJrr .h.~it ha~r thr r~};ht t,+ hold the ~u:li:i~e aad renewalc thereo[, anJ Borru~cr ~h:il) pri~n~~(i} furntsh t~~ (.cnclct .~tt t~;~..:.~4 ti~~s+t:'~ .~n~! eN ir.~ii~t~ ot f::iid premiurn, In thc Cv~nt O( 10ss, Boric+wcr ~h~l! gN~ prompt n~~+.~« lU lhc; ;t~u'.~~~.e ..tifr:c' .ir..l 1 in~'.ct 1 ~~~.ti' n~.i} n;.ilt j~n=.~t ol l~»~ ~f tli~( ttl:l~3z-Etfu[tl~tl~}' b) BOf~OK'c`f. Untrss 1 ender and Bntru;~~t ~tficrui.c .~grec in ~.t r.Lng. imur.u~.c ~~r~~;~r.t. Sh,iR h~ ar~+l~ed 1~ re~t~~ratii~rt o~ tepair Of d?c Proptrly ~lam:tgr~l. pr~~~'sJed su:h rc.lntat:.~n iu r~~.ur ccu~u~nat..,tl~• tcas+hk :~nd thc lCs;liill~' I~f th~s '1lnrtg8ge is nnt therrb} imF?:L(C~~ ~t ~thf! f~i[ilf.lfii;fl tT~ ICj~.lff : : i.;~ti~+ill!..~i~~ ';i.e~l~'il' i: itlC ~i~UllT~ l}liS ~~~~C(b.fb't WOU~d be ,mpuir~d. ;hr :n,:~ran.c pnk«J~ .h:ill b~ :~pp~icJ <<~ ihr ~ii:n. ~.•~i~;r.1 I-y tho ~t,~rtga,e. a~th Ih~ e~~c~s. if .+n}. paid ro Born,wcr_ It thc Pr.~pcrn i. .,i~.~:f,i,,:t<<i l~, {i~~rt,~~.~~r. ~~r :t li;~rr~~~rr iait. •c.~n:id r~ l cnd~r u•~thin 3t? Ja~~ frvm the ~)ate n~~ti~e ~~!.iil;:J =n L~trcter Iln•r.n~cr •`..ii +i~e ~n,nn~n~~ ,:.~r~~.~ .~stcr, z.• •,~t!Ic .!.riFti f~~t i~~,t~;anie henefit.. Lender f~ .:ulhVt~/e~ .,~fi~:( ~:~il .i~~(~i} (f)c' !ri~~~~an.~• ! ~~~ir~~f, I i!:~1,:~. ,~(~h.~n ~:Iftif rt~i.~t.~ticin i~r t~Q:iiC t~i ihi {~fo~Cl). ' or to thc wr,i, •c;urc~l ~ :h~. ~t~~rtga~c L.~IIJt".C ~.Cltt~. :~::1~ E{~Kf~~k~[ ~~I~1CR.~~C .ilic~ :1 •.~:.i; . .~;~~'il..~ti~~': .~1 :~Cl~~ 2l~ j~:i.'1CI(~s~ ~h.t~~ fl(~l c~tend rf p~+~IpvnC thc ~i~:~ ~I.il~ lltr ~n~~nthit i~f~±.~'.~:ti~.~~!. ._•it':~i ; ~~a~,~~-.~F•h. ' .:t~.E h~t~rf ~~r chan~ti ihc lmc~urll ~tf yu,h ;n~tal'nirnh It +inJrr par:,~r.i(~h hrr~~~t nc~ er~: a,.i~c~r~J t~, I ~n~i~r ,il! ri~ht. t~tlc :ut~l ini~rest uf Borrower' ;tt .~r.d i~~ an~ .n.tu.in.r ;x~li.:~~ .~cz.f ~n ,.:~.1 ~ ;hi ; _:~•.l, ~ rc~i:, . i~, .~~r i:. thr Pr:~ptrt~ pri.~r t.~ {hc sale ot xcy~i,itton ,h,~!! :u I.endcr t~~ th; ~~t~;ct .~2 ;hr ~;ssi„ ,~:si:i: 7tr• \!.,:t,.~.t ,~n ur.lc+tei~ p::ot l,, •~jCh sale af acyuisilion. 6. Preser~aliun ~nd 1laititrnance nf {'ruperl?: l.ea+eliuld,: ( nnduminium.: F'I~nned ~:nit 1)r~elapmentti. (iorroNC[ >h~lf I:~ep ~hr f'r~~pcrl} in g.k~d r~~~.iir :~>>J ,hal4 n.~t ..~n~nu! ~.;.:~!c ; crm:! ~~iiy,.<<~mr;~; or Jct~riorauun of ~hc Ptoperty znd sha!! ~vmph :.itt~ tt;e pro~i~s~~ns .1S an; Ir~~~ tit th:, \t~~;^_.<<c .~n :~.~,rk„~':J. 12 thi. ~1~~~ib.~~,r i. ~~:i unit in a cunciomimun~ ~~f :l (t~~I1RC(~ IIfl11 ~~t:C~~~pi~irnr. Ri~n~~:•Cf ih.~~i ~~_.:'~~t:t~ .tt~ ~~1 f{~~[C~•~~CC~ ,~1:Itka(~nt15 u~t~;f thC ~il'IJidli0il or cuvcn~nts crr.~t~ng ~~r eo~ern~r.e Ihe con~.~r~ini;~m ~~r plannrd un~t Je~rlrpn:<<~t. ?h~~ hy-1.~~+. :~nJ CClu!:ih~~t15 of the .-un~k~miniu~i~ or plann~J iinit Je~rl.~F,n;~•,~t. ,+nd :~~:~,sirn.•~~i ~i~k•umc::r- It ~un.l~,:ninium ur ~I.,nned ~~n~t ~k~-etopment r+cler s. r~c.:ut~.i h~ Bon~,_.?c~ .u;~i ~c.~~r.l~.f t.~~,the~ ~..~ih ah~. ~1.•;~,,~;e. zh~ ::~.<<i.,nt~ ar,c! .~grcrnirnt, ~~f ~uch rider sha11 bC incorp~~r:i1eJ ;ntr .u~~l ,h.~ll .~rr.~nd ec~J ,u~~~~6~t;t:nt thr t~~~~rr.~nt. _in~l .~_~rcin~~ts «f !hii \1~+stbage at sf the rider .+~re ~ part hcrcof. 7. Prolectinn o! I.ender'~ Security. It R,~rn~•.+er l.uk e~~ i:~r•~~~m the cuvrn.~nts -rnJ agr~ements contained in lhis :4to~tgage, .~r ~t a?ti) ~.sion ~~r proc~edm~ ~on;n;encc.i .vh~~h mat~riall; .~t1~.ts LcnJcr's imerest in the Property, mclud~ng, bi~t n~~t l~m~~ed em~ncnt di~ma~n. imc~i~cnct~. .i~~1c rntor_~nieset. ~~r ;~rr.~ngem~nts or proceeclings involvin~ a bankrupl Or de:cdent.~~1~1~~~~I~1-en~fer~~ t~~`ri. ~i~:'n n~~tirr t~~ f3n~t~~~er. ma} makC sueh appearances, dlsburbt SuCh sums and take such ac~~on as u nece~~ar} t~~ p:utc:t Lcnder'. mlrrctit. ~n:ii~~ing. bul not limited to, disbursement of reasonable~attorney's tces aad entry up:+~i thc Pro~rty tr m.~l~c rrpa~r: tf Leri~ler rcq~~ired mortgage insunnce u a condiUon o[ makir.g thc loan tiecurcJ b~ ~hir ~i~~rtgaKC. B~~rm~~rr sh.~lt 4~a~ thc prcmiums required to maintam such • insurance in effect unt~l such time as ~he reyuirement for such ~nsurance ~erm,nates ~n accordance v?ith Borrower's and . s . • . ,r .F ~ ~~3~ P~ 944