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HomeMy WebLinkAbout868729e1apl11l E Jo e 8ad •alotg aql u► guO3 las 1iwrj liparD am of loafgns puu a10N alp jo suual alp pm aouupr000u ui awn o1 awn wag apuwai pug ptudar `apuw aq Amu aloiq ai I iapun smog „•noA 0Z IC1uoglnd rn0„ paprua a2u2lroyq stiI Jo uorioas ay1jo suual aql spun noA ,Cq paougnpu siunoure Aug ,pug `a1oN oqi jo suougoil►pow iaglo pug sluawaiddns `sivawpuaui 'sigma= `suoisualxa iiug `a2u2uoyq sigi uc sluawaar8u pug sasuuozd .mo ;o ilu 'mots' am ul rauBiS -op pug raAOZiog yoga pue sn Aq apuur sivawaai2u pug sasiwoid alp jo IIu jo aoimuuojrad all arnoas oslu iliM a2uguow spu, •alol am or 'u!pi000u aiquArdai are scans gotiM 30 Liu 'not aql 01 vamp S021e113 r01110 Hu pue saSrego alai 'moo pug isaraiut snid 0 0 0 Z L Z 6 0 POuP „aroN„ am) luawaluls amsolostu puu luawaar2y auil 1>paiD Airnl g moil aql spun (s)ramouog alp per aq ,Cew sg 3oaragl ganw os 10 „sasiward„ am) 1DVd Hd E p MOM I •noi( o1 sastward alp a2u2uow o1 lgSir lu2ai alp anti am •sastward alp jo (s)rauMo aios am are am :dIHSIONPAO 17LT£8 AM N103NI1 1=1S 113SSOa '3 :Iq paJedaad 00'900-90- i- 8T-6TV3 -Zi OI 130dVd 31`13 yT. 3Sfl S82080038 8Od 3A08V 3OVdS L. 9Q (66/90) AM10Z803 eBaBUoW AM 0013H :SNIOI.LVDI'IEIO SMAN.0211I08: NOSaVI 1 1IadV N 0 S 21 V1 9 0 I AVO 0l awn 01 awn wOr3 paaugnpgar puu paouunpu 00 000 i Z 30 =owe lndiouud alp uT unol mod( alums IItM a2u21J0IA agZ :Np •olaragi saoueualmdde ilu pue sas1ward am jo uoissassod JO asn `digsrauMo J110 W0JJ anirap goignn warm! pug slgSuu ile pue sasiward alp uo arnln3 am ut 10 Mou sluawanordwi raglo puu s2uipiinq ill sapniouI saslwaid aqj '303113HI lVld 1VIDIJdO 3H1 NO 038Ia3S30 SV '9NIWOAM 'AINl03 N103NI1 'NOISIAIO8fS 2101AV1 3H1 JO L 101 :sg paquosap ragun3 puu dIZ alals AumoD d1riadpiunyN 311 I A3)103 L OZ Oa 03 HVl(1 311IA3)103 0091 :1e paluool sasiward am nok 01 Aanuoo pug lueuS `a2u$uow Agaraq aM `paquosap ralluuiaraq ueoi aqi 3o uonnrapisuoo uI :SdSIYligJid G OVD.L 1OIA1 „'aa2u2lroJAi„ aq1 10 „noii„ su o1 pauajar Ja1Juuiaraq puu £T9i -Z0£T6 V3 'SVSVUV1V3 'VOVNVa9 )IaVd 00517 1u ssaippe ug glint '3NI 'SNVO1 3WOH 30IMAi1Nf103 puu „sn„ JO „ant„ se 01 pauajar raIJuutaraq pug mop(' „(s)roSu2irow„ su $wais suosrad JO uosrad aq1 -tiii£8 AM '311IA3)103 'LOZ 021 03 HVlfl 311IA3)103 OZ9i 1e Sutptsar 3d IM ONV ONV8Sf1H 'NOSIIV1 1 lIadV ONV 'NOSBV1 9 OIAVO immix( si 0002 L Jagwa4daS palup `g9VOEL 1OIAI SIH.L (liparo 3o aurj) aDVOI1101k W ti17T L V3 ONIS010 /MOFJOS3 69176198 NVOI 9920 044L6 VINHOdflVO NVA 99ZOL X08 'O'd 1d30 101:11NO01N3Wf1000 6L NSW •3NI 'SNVOI 3WOH 30IMANINf103 :01 iivW a3ali003li N3HM Ob 8 7 9 312 LOAN 8619469 (a) TAXES: We will pay all real estate taxes, assessments, water charges and sewer rents relating to the Premises when they become due. We will not claim any credit on, or make deduction from, the loan under the Note because we pay these taxes and charges. We will provide you with proof of payment upon request. (b) MAINTENANCE: We will maintain the buildings) on the Premises in good condition. We will not make major changes in the building(s) except for normal repairs. We will not tear down any of the building(s) on the Premises without first getting your consent. We will not use the Premises illegally. If this Mortgage is on a unit in a condominium or a planned unit development, we shall perform all of our obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by -laws and regulations of the condominium or planned unit development and constituent documents, (c) INSURANCE: We will keep the building(s) on the Premises insured at all times against loss by fire, flood and any other hazards you may specify. We may choose the insurance company, but our choice is subject to your reasonable approval. The policies must be for at least the amounts and the time periods that you specify. We will deliver to you upon your request the policies or other proof of the insurance. The policies must name you as "mortgagee" and "loss- payee" so that you will receive payment on all insurance claims, to the extent of your interest under this Mortgage, before we do. The insurance policies must also provide that you be given not less than 10 days prior written notice of any cancellation or reduction in coverage, for any reason. Upon request, we shall deliver the policies, certificates or other evidence of insurance to you. In the event of loss or damage to the Premises, we will immediately notify you in writing and file a proof of loss with the insurer. You may file a proof of loss on our behalf if we fail or refuse to do so. You may also sign our name to any check, draft or other order for the payment of insurance proceeds in the event of loss or damage to the Premises. If you receive payment of a claim, you will have the right to choose to use the money either to repair the Premises or to reduce the amount owing on the Note. (d) CONDEMNATION: We assign to you the proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Premises, or part thereof, or for conveyance in lieu of condemnation, all of which shall be paid to you, subject to the terms of any Prior Mortgage. (e) SECURITY INTEREST: We will join with you in signing and filing documents and, at our expense, in doing whatever you believe is necessary to perfect and continue the perfection of your lien and security interest in the Premises. (f) OUR AUTHORITY TO YOU: If we fail to perform our obligations under this Mortgage, you may, if you choose, perform our obligations and pay such costs and expenses. You will add the amounts you advance to the sums owing on the Note, on which you will charge interest at the interest rate set forth in the Note. If, for example, we fail to honor our promises to maintain insurance in effect, or to pay filing fees, taxes or the costs necessary to keep the Premises in good condition and repair or to perform any of our other agreements with you, you may, if you choose, advance any sums to satisfy any of our agreements with you and charge us interest on such advances at the interest rate set forth in the Note. This Mortgage secures all such advances. Your payments on our behalf will not cure our failure to perform our promises in this Mortgage. Any replacement insurance that you obtain to cover loss or damages to the Premises may be limited to the amount owing on the Note plus the amount of any Prior Mortgages. (g) PRIOR MORTGAGE: If the provisions of this paragraph are completed, this Mortgage is subject and subordinate to a prior mortgage dated 12/04/1995 and given by us to COUNTRYWIDE HOME LOANS, INC. as mortgagee, in the original amount of 72,100.00 (the "Prior Mortgage We shall not increase, amend or modify the Prior Mortgage without your prior written consent and shall upon receipt of any written notice from the holder of the Prior Mortgage promptly deliver a copy of such notice to you. We shall pay and perform all of our obligations under the Prior Mortgage as and when required under the Prior Mortgage. (h) HAZARDOUS SUBSTANCES: We shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Premises. We shall not do, nor allow anyone else to do, anything affecting the Premises that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Premises of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Premises. As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the jurisdiction where the Premises are located that relate to health, safety or environmental protection. (i) SALE OF PREMISES: We will not sell, transfer ownership of, mortgage or otherwise dispose of our interest in the Premises, in whole or in part, or permit any other lien or claim against the Premises without your prior written consent. (j) INSPECTION: We will permit you to inspect the Premises at any reasonable time. NO LOSS OF RIGHTS: The Note and this Mortgage may be negotiated or assigned by you without releasing us or the Premises. You may add or release any person or property obligated under the Note and this Mortgage without losing your rights in the Premises. DEFAULT: Except as may be prohibited by applicable law, and subject to any advance notice and cure period if required by applicable law, if any event or condition described in Paragraph 12.A. of the Note occurs, you may foreclose upon this Mortgage. This means that you may arrange for the Premises to be sold by advertisement and sale or by judicial foreclosure, at your option, as provided by law, in order to pay off what we owe on the Note and under this Mortgage. 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