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HomeMy WebLinkAbout0949 I~!~~ 1lorty:l~~e~1 E'rut~ert~• ~~i•~~._ir~~~1 ;i, rr,ay ~ rr;~~~~,i~r~:d fr~,~n I~~i~~~ I~, t~ri;e Uy~ M<~rir~;~y.,r: :1:~~~~~i~,t ~~~5~> t~y fuc nth.~r ha.'t~rd~ :~nif ConhnqenGeS ~n ;~.~t;h an,,O:ints =inCi !c)r su~.~.r~ p~~r~.o(}; es !nay t~u requuerl t;y D~Inrtgac~tt(~ MOrty~i~~o~ sn~i~' t;1iy~ (~rOrrptly wl~en .1u~~ t~~~, ~»em;um5 On su(:h ~~risur7nCe Ai! ~n5ur:inCe Sh31i be C~rr~~ed w~lt~ co~r~p,i~~;es <3~~l~ro.cri by Morty.igee and ~he po!~r.y and rer~ewai5 t'~ieieol SY~a1! he hcr!d by Moi~gagee ~nd hav~: att<+Cl~ed thereto iJSS (~8~'~3tlIE: C~<lUSC'~ ~c~VO( iilli} i!1 iJf(11 c~CCE'R~~df~'C l0 MOf~Cj81~CE' i't l!lE' fP,tl?f~l O~ IOSS. Mt7fIC)~iC,JOf Sfl~i~l O~y~t nnne;i~ti~e nOt~ce by rra~l Io Mortgagt:e ~fr~C1 ti1ort~agee m~iy r7~a~.e proo~ pl ios~, ;1 not rnadt~ t~rompt~y by Mortc,~3qor Fach ~nsurance Cc~n,pany concerne:i ~s +~ereUy a«t+ion,~ed and d~rected ro mak~• paymenls lor su::h !c>~s d,rectiy to Mortyagae ~nste~c+ ot e:Iher to Morigagor or Mortgagor and Mortgayf~e ~o,nUy Ir,surance proceeds or any part thereot rnay be ae~~i~ed by Mortgayee at ~ts opt+on atter cleduchng therefrom a~! ~ts expenses ~ncludmg attomey's tees e~?her to ihe red~,ct~o~~ ot the ~ndebtedness hereby secured or to the restorat~on or repa~r ot Ihe property dam<~ged Mortg<?yee ~s nereby authonzed at ~ts opaon. ro settie and comprom~se any cia~ms awards. damages r~qhts ot act:on and proceeds and ~ny other paymeRt or rei;et undei any ,nsurance pn;~cy In the event ot (oreclosure ot ri~~s Moitgage or other uar~ster ot title Io Ihe Mortgaged Prcperty ~n exhngu~shment of the mdebledness secured ne;eby ail r~~M t!tle and ~ntc~rest of Mortgagor ~n anU to any msurance aol~c~es then ~n iorce sha!I pass to the purc?i~3ser or yrantee Mortgaye~ may at ~ts opt~on requ~re Mortgagor to depos~t w~th Mortyagee an tne f~rst day ef each month. ~n addrt~on to making payments ot pnncipal and ~nterest unt~l ihe Noie is fuIly pa~d an amount e:~ual to one-twelfth (1 12) ot the yearly preniiums !oi ali ~nsurance Such depos~ts shali not be, nor be deemed to be. Uust lunds, but may be comminyied wiih Ihe general tunds of Mortgagee, and ne ~nterest sha~i be payable ~n respect thereo' Upon demand by Mortyagee Mortgagor shali dei.ver to Mortyagee such addihonai mon:es as are necessary to m~jke up any dei~c~enc~es m the amounis necessary to enable Mortyagee to pay s.,ch premiums when due 1n the event of defau~t uncier any ot ti~e terrr.s covenants and cond~t~ons ~n tr~e Note, th~s Mortgage or any other mstrument secur~ng ~he Note t~ be performeU or observed by Morigagor Mortgapee may apply to the reduc?ion of ihe sums securEd hereby. in such m~nner as Mor~yagee shail determ~ne any amount under th~s paragraph rema~rnng to Mortgagor s cred~t and any return pre~»~~~m rece~ved fro!:~ carce~lat~on of any ~ns~ra~~;,e policy by Mortgayee upon foreclosure ot th;s Mortyaye CO~I(~8tT1f18L1Of1. !F !!nC ?~O!iC7c9;~F';j P'C~t;~'~f}' U! clnV :~i~" !~1~'F_'U! ~hi3'~ I)±? :~3"18UE~: O~ ~c'.F:F)fl !f'•~U::G`? CORi:E.'~7i'1~f':ir• ::h~r;~ iE.,fl`t ~:`i~`C'!1 F1Sf.'Cj f'~E'.fQ',lll Sh.r7!~ ~~1CiUC~~? Flrl`: ~:E3"i~:iE :;l f8~1:"C) t)r f3' ~y` G:1:%f,'fO1'tE?I118' BU~~'1J!iIy' O' E3~1'~' i;1flE_'I F3:ij~~~1•~~tj ~.r~,.,:'~'~'r~ ~j:~' .l? .~c S iJs t~li` .S:'"3!' F~O~! 7 Uf ihFt U ~i Of ::il iU Cii i.i~ n r! ~ f„1 n,i~ t~ } r„ i et P:iE'C~ 3't?S ~V'1'i'~~, i~8 "~yE'Cl..d E' 3 ~.F3, 8115.E'1 I,'Y IY;V~.- SE1~C, ~ c~U r%!FJ~(.,,~r~ f„~(~Cr ?et+~;~i~~~3ri! „;;~~~rrnannni~y ,h~~ Et~~E,rr~ ~ndt:b',Cd'1~?~S i3nd O:hf" SU~PS SCC.,red h!'~F;b~1 S'~c~'.' 8' C'~I:4~Uf~ Ot !V~;iriti~:i"~' DE'.Ci)•nE, ~fI',~^f ::~3'.r'!y :1::~? R!'C1 .~iS~BD.F' i~1~0.1~~' ch2~~l E7f? P,!~TillE?(j 1C` `I ' 1~~~• d C-i ~iPf S1t'~J'1 ii\;'8'!j5 `t~l~`~Bq~C C!~'!pc (~C~h'S ~:d ~3CI'u~l ~,:i'r~C:S O( 0f18CCUUn~ Gf Afl. .!.9~`iE3C~F?Of f~i~f:G(h~Ui1C1~? 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