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The undersigned hereby certllles that a true and correct copy of the
foregoing Praecipe to Withdraw Complaint was served on the following thlS~ay
of October, 1994, via First Class U.S. Mall, postage prepaid:
Jerlrey M, Frere
662 Walnut Bottom Road
Shlppensburg, PA 17257
Kathy L, Frere
662 Walnut Bottom Road
Shlppensburg, PA 17257
O'KEEFE, GRENEN & BIRSIC, P,C,
BY:
Sco A, Dletterlck, Esquire
Attorneys lor Plalntllf
4076 Market Street
Suite 210
Camp Hili, PA 17011
(717) 975-3379
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IN THE COUAT OF COMMON PLEAS OF CUMBEALAND COUNTY, PENNSYLVANIA
FARMEAS AND MEACHANTS mUST
COMPANY OF CHAMBEASBUAG,
CIVIL DIVISION
NO,:
Plaintiff,
vs.
JEFFAEY M, FAERE and
KA THY L. FAERE, his wife,
Defendants,
You have been sued In Court, If you wish to defend against the claims set
forth In the following pages, you must toke action within twenty (20) days atter this
Complaint and Notice are served, by entering a written appearance personally or
by attorney and filing In wrlllng with the Court your defenses or objections to the
claims set forth against you, You ore warned that If you fall to do so, the case may
proceed without you and 0 judgment may be entered against you by the Court
without further notice for any money claimed In the Complaint or for any other claim
or relief requested by the Plaintiff, You may lose money or property or other rights
Important to you,
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE, IF YOU DO NOT
HAVE A LAWYEA OR CANNOf AFFOAD ONE, GO TO OA TELEPHONE THE OFFICE SET
FOATH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP:
Court Administrator
4th Floor, Cumberland County Courthouse
Carlisle. Pennsylvania 17013
Telephone: (71 7) 240-6200
4, On or about September 24, 1990. as security for payment of the
aforesaid Note, Defendants made, executed and delivered to Plaintiff a Mortgage
In the original principal amount of $42,800,00 ("Mortgage') on the prl:lmlses hereinafter
described, sold Mortgage being recorded In the Olllce of the Recorder of Deeds In
and for Cumberland County. Pennsylvania on October 16. 1990, In Mortgage Book
Volume 993, Page 922. A true and correct copy of said Mortgage. containing a
description of the premises subject to said Mortgage. Is marked Exhibit "B". attached
hereto and made a part hereof.
5. Defendants are the record and real owners of the aforesaid
mortgaged premises.
6. Defendants are In default under the terms of the aforesaid Note
and Mortgage for, Inter 0110. failure to pay the monthly Installments of principal and
Interest on said Note when due.
7. Demond 'or payment has been mode upon the Defendants. but
Defendants have failed or refused to pay.
8. On or about July 5. 1994, Defendants were moiled Notices Of
Homeowners' Emergency Mortgage Assistance Act of 1983, In compliance with the
Homeowners' Emergency Mortgage Assistance Act. Act 91 of 1983. True and correct
copies of sold Notices are marked Exhibit "C". attached hereto and made a part
hereof.
9. On or about July 5. 1994, Defendants were moiled Notices of
Intention to Foreclose Mortgage In compliance with Act 6 of 1974, 41 P.S. ~ 1 01.
et.seq. True and correct copies of sold Notices ore marked Exhibit "D", attached
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TRUE AND
CORRECT COPY
ADJUSTABLE RATE NOTE
THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN
MY INTEREST RATE ANI> MY MONTHLY PA YMENT.IFMY INTEREST
RATE INCREASES, MY MONTHLY PAYMENTS WILL BE HIGHER. IF
MY INTEREST RATE I>ECREASES, MY MONTHLY P A YMENTB WILL
BE LOWER.
........li.\\P,U,l'l.~II.l:...~.~.."...."..,..,.." , 19 ,.,~,O,' ",..,Ch.umhll.l:.ab,ur.s"...,..,...,.., ......l?lI.ll.I1aylv.u111a...................................
(City) <Slalll)
.. ,.... ,~.~... P.",.#. ~,""'~~.*....\.,},," ~,~ipp C'16P'1 rg,. ~,~..,'? ~,~?,",.," ."", ."",'..."."""",.'"...".""".""",.."...... '...........'.".'..."'.'",,
(l'roperly Add....)
1. BORROWER'S PROMISI': TO PAY
In return for 0 loon thllt I hllve rc(,,'iv,'d, Illroml.e t"P"Y ty,s, $ . 42.800.00 ,. (this amount iH
called "principal"), plus interest, to the order ofthe Lender. The Lender is FARMJ<;RS AND MERCHANTS
TRUST COMPANY, I understand that the Lender may transfer this Nate. The Lender or anyane wha
tokes this Nate by transfer and who is entitled ta receive poyments under this Nato! is called the "Note
Halder".
2. INTEREST
Interest will be charged an unpaid principal until the full amauntafprincipal has been paid. I will pay
interest at 0 yearly rate of ,.. ,to ,,6.1.5, 'lb. The interest rote I will pay will change in accardance with Sectian 4
af this Nate.
The interest rate required by this Sectian 2 and Sectian 4 afthis Nate is the rate I will pay bath before
and after any default described in Sectlan 7(B) af this Note.
3. PAYMENTS
(A) Time and Place of Payment.
I will pay principal and Interest by making payments every manth,
I will make my manthly payments an the first day af each manth beginning on ".."............,..,.."'..'.,,'.',,
,.....}19.Y.~!!'Il,u,J,..,............ , 19 .9.,Q." . I will make these payments every manth until I have paid all af the
principal and interest and any ather charges described belaw that I may awe under this Nate. My manthly
payments will be applied to interest befare principal. If. an ,..,O'C,t.llbll.t.,l.......",.",. . ,..,,2,Q1,Q,....., . I still awe
amaunts under this Nate, I will pay thase am aunts in full an that date. which Is called the "maturity date."
I will make my manthly payments at 20 Sauth Main Street I Chambersburg, Pennsylvania 17201 ar at
a different place ifrequired by the Nate Halder.
(B) Amount of My Initial Monthly Payments
Each afmy initial manthly payments will be in the amaunt ofU,S. $ .. .,""~.3.~,~"I.L"", ,This amaunt
may change.
(C) Monthly Payment Changes
Changes in my manthly payment will reflect changes in the interest rote that I must pay. The Note
Halder will determine my new interest rote and the changed amaunt af my monthly payment In
accardance with Sectian 4 af this Nate.
4. INTERES'r RATE ANI> MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change an the first day af "..9,ctq1;l.!H:"..".."",.""" , 19 9.J...,' . and an
that day every ,p,.,th manth thereafter. Each dote an which my interest rate cauld change is called n
"Change Dote."
MULTISTATE ADJUSTABLE RATE NOTE - 5,no" '.m,',
(8) The Index
1I~Il'nninll with tlw IirKt Chtlnlle Dute, my intercKt rute will be buaed on un Index.Thc "Indcx" la the:
((,h,.,.1t un.. hill '0 Hldh"lt" lrl,le.r,)
l(>>' (i) Weekly UVl'rnlle yield on l1nih'd Stlltell TreuHury HL'CuritleK IIdJusted to u eonatunt moturity of
,...\1,1111..."..",..", , """",....,'....,..,......, yeurll, liS mude uvulluble by thc Federnllwscrve Bourd.
O' (Ii) "Contrlld [ntcreat Huh', l'urd\llHe of Prcvloullly Oecupied Homca, Nutlonu! Averulle for 1111
MuJor Typea of Lend~rH " publlahed by the FL>derol Home I.oun Bunk Bourd.
O' (HI), "." """,,'.
'If mo" ,IIa" on. 110... ell.d,d lJr II 11(,1 00.111 r/l,d",J, and I.,nd" and &rrowff do nf" 1J,/\mL'lu all,t, III um"",,, fl.. I",' Indu nom,J will appl'Y.
The moat recent Index figure avuiluble os of the dote 41l duya before euch Chonge Ilute la culled the
"Current Index."
If the Index la no longer availuble, the Note Holder will choose II new Index which la boaed upon
comporable Informutlon. The Note Holder will give me notice of thlll choice.
(C) Ca[cu[atlon of Changes
Before each Change Date, the Note Ho[der wl\l ca[culate my new Intereat rate by adding .."""..,..'......
"""~".7.L..,,..,,""""""'" percentage points ( "~,,.7.L...., %) to the Current Index.
(Chorh on" hox to IIIdl<al.wh.,h., the new int"", role will or will nol he rounded 10 Ihe nearell'/o of /% (0./26'11).)
o (I) The aum, subject to the provisions set forth In section (C) (III), (C) (Iv), (C) (v), und (C) (vi) will be
my new Interest rate until the next change date.
't!l (Ii) The Note Holder will then round the result of this oddltion to the nearest one-elllhth of one
percentage Ilolnt (0.125%). This rounded amount, subject to the provisions set forth In section (e) (HI). (C)
(Iv), (C) (v), and (e) (vi) will be my new Interest rate until the next change date,
(Chtcle appropriate box" to indico'~ whether there are any maximum limit, on change. in the intere.t rate on each Chang,
Dot.; if no box i. cheched Ih.,. will ". no maximum limil 0/1 chall/l...j
o (III) There are no maximum limits on any changes in the Interest rate at any Change Date.
g(lv)Thelnterest rate cannot be changed by more than ....,..,""",..,"',....~,&,..,' percentuge points at any
Change Date,
>e! (v) The Interest rote cannot increase to more than .J.~",~7..5""", """.."..", percentuge points at uny time
during the loan term.
lllI (vl) The interest rate cannot decreasc to less than ..".1/..87,5.., "','" percentage points at uny time
during the loan term.
The Note holdel' will thcn determlnc the amount of the monthly payment that would be sufficient to
repay the principal I am expected to owe at the Change Date In full on the maturity dote atmy new Interest
rate In substantially equal payments. The result ofthis calculation will be the new amount of my monthly
payment,
(D) Effective Date or Changes
My new Interest rate will become effective on each Change Dote. I will pay the amount of my new
monthly payment beginning on the first monthly payment dote after the Change Dote until the amount of
my monthly payment changes again.
(E) Notice of Change.
The Note Holder will deliver or mail to me 0 notice of any changes in my interest rote and the amount
of my monthly payment before the effective date of any change. The notice will include information
required by law to be given me and also the title and telephonc number of 0 person who will answer any
question I may have regarding the notice.
6. BORROWER'S RIGHT TO PREPAY
I have the right to make payments ofprincipa[ at any time before they ared'le. A payment ofprincipol
only is known 08 0 "prepayment." When I make 0 prepayment, I will tell the Note Holder in writing that I
am doing so.
I may make 0 full prepayment or portial prepayments without poying any prepayment charge. The
Note Holder will use all of my prepayments to reduce the amount of principal that I owe under this Note. If!
make a partial prepayment, there will be no changes in the due dotes of my monthly payments unless the
Note Holder agrees in writing to those chonges. My partial prcpayment will reduce the omount of my
monthly payments after the first Change Date following my partial prepayment. However, any reduction
due to my partial prepayment muy be offset by on interest rote increase,
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6. LOAN dHARGES
If a law, whlr..l spplies to this loon and which sell maximum loon charges, islinally inlllrpreted so
that the interest or other loan charges collected or to be collected in connection with this loan exceed the
permitted limits, then: (I) any such loon charge shall be reduced by the amount necessory to reduce the
chorge to the permitted limit; and (i1) ony sums olready collected from me which exceeded permitted limits
will be refunded to me, The Note Holder moy choose to make this refund by reducing the principoll owe
under this Note or by making 0 direct payment to me. If u refund reduces principal, the reduction will be
treated aso partial prepayment,
7. BORROWER'S FAILURE TO PAY AS REQUIRED
(A) Late Charge for Overdue Payments
If the Note Holder has not received the full amountofony monthly poyment by the end of .........1~...,..,....
calendar days after the dote It is due, I will pay 0 late charge to the Note Holder. The amount of the charge
will be ,...."5,.,11...,,, % of my overdue payment of principal ond interest. I will pay this late charge promptly
but only once on each late payment.
(B) Default
If I do not pay the full amount of each monthly payment on the date It is due, I will be in default,
(C) NotIce of Default
If I am In default, the Note Holder may send me 0 written notice telling me thot if I do not poy the
ovel'due amount by a certain date, the Note Holder may require me to poy Immediately the full amount of
prlncipol which has not been poid ond 011 the Interest thot I owe on thot omount. That dote must be alleost
30 doys after the date on which the notice Is delivered or mailed to me,
(D) No Waiver by Note Holder
Even if, at a time when lam in defoult, the Note Holder does not require me to poy Immediately In full
as described above, the Note Holder will still have the right to do so If lam in default at a later time,
(E) Payment of Note Holder's Costs and Ellpenses
If the Note Holder has required me to poy Immediately in full as described obove, the Note Holder will
have the right to be paid back by me for all ill coslll and expenses to the extent not prohibited by applicable
law. Those expenses Include, for example, reasonable attorneys' fees.
8. GIVING OF NOTICES
Unless opplicable law requires a different method, any notice thot must be given to me under this
Note will be given by delivering it or by mailing It by lirst class mail to me at the Property Address above or
at a different address If I give the Note Holder a notice of my different oddress.
Any notice that must be given to the Note Holder under this Note will be given by mailing it by first
closs moil to the Note Holder otthe address stoted in Section 3(A) obove or at a different address If I am
given a notice of that different address.
9. OBLIGATIONS OF PERSONS UNDER THIS NOTE
Ifmore than one person signs this Note, each person is fully and personally obligated to keep all of the
promises made in this Note, including the promise to pay the full amount owed. Any person who is a
guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over
these obligations, including the obligations ofa guarantor, surety or endorser of this Note, is also obligated
to keep all of the promises made in this Note. The Note Holder may enforce Its rights under this Note
against each person individually or against all of us together. This means that anyone of us may be
required to pay all of the amounts owed under this Note.
10. WAIVERS
I and any other person who has obligations under this Note waive the rights of presentment and
notice of dishonor. "Presentment" means the right to rcquire the Note Holder to demand payment of
amounts due. "Notice of dishonor" means the right to require the Note Holder to Kive notice to other
persons that amounts due have not been paid.
11. UNIFORM SECURED NOTF:
This Note is II uniform instrument with limited variations in some jurisdictions, In IIddition to the
protections given to the Note Holder under this Note, II MortllaKe, Deed of Trust or Security Deed (the
"Security Instrument"), dated the slime date liS this Note, protects the Noto Holder from possible loss os
which might result if I do not keep the promises which I make in this Note. That Security Instrument
describes how IInd under what conditions I mllY be required to mllke immedillte payment in full of all
amounts I owe und"r this Note. Some of those conditions ore described liS follow",
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TRuE AND. CORRECT COPY
MORTGAGE
THIS MORroAGE II m.d. thl>
,; .If f. 11
day 01 5efJt~...,IJ~f
, 19,9~dd
"'twc.n lh. Mo.....or Jer1'reyM. Pr,n'c and Kathy L. Pl'Cl'C" hill wire, Ih...ln
"Dorro"'''1, .nd Ih. MortN", FCl,rmero and ~lercl)Qllt.Ll, ~I,I'UtJ t Company 0 l' CIJllmllCl'Llburg,
20 ,SOU,tl.1 Mait] Street,', ChamberLlhur~,
. Corponallun oraanlltd and u.lallnll under the liwl of Prnn,ylvanla, whl)6t AlJdrul i1: . .. . I:,)
p A-l12-Ql,."
WHEREAS. Borrow.. I, Ind.bltd lo !.rnd" In Ih. princll'11 ,um 01
whlc;..h Indcbttdnr.. II avld.ncN by Borrow...', not. dalN
m.nthly In.Wlm.nt.o .f princlp.1 and Inl"..~ with Ih.
lh...ln "I..nd...').
Forty-'I'Wo 'l'houound. F.;I.e;ht HUt]Qp,e.d--,:,",:,"--,-- Doll...,
Ihmln "Nol."I, provldln. /or
balDncr of tht Indrbtrdnru. It not lI)On" paid, due and plyabll on
Octobe..r...J.....E,QJQL, ". . , ,
TO SEaJRE I. L<nd.. (.Ith. ..",ym.nl ollhelndeb/Nn... avld.ncod by 'h. Nol., with Inl"..1 th.rron, Ih. p.l)'lll.nl.r.1I oth",um~ wl'h Inl....1 Ih....n, .dvon"d In
.ccordance hrrrwith to prolrc'th. ,""ullly.f Ihl. MOrillall', ond lh. p<rf.rm.ncr .rth. COVfII.nll ond ......m.nll 01 Borrow" h...ln oont.olnrd. .nd ~b) 'h. rrpa)'lll.n'.f ony fUlw.
advanca. with (nleml thtrton, made to Borrower by under pursuant t~.PUi'''''.lI~h "". ~:nor (herrin "Future Advanc~ceorro;Jr dou hmb)' mor~f, II.l'1nl and convl)' to
Lender tho followln. d.acribrd property loalN In th. c.,unty of ." - "...,Cumberland .,..c" d. ..d '''' ..,.." ,., 511tt .r P.nn.ylv.nla:
See EXHIBIT A attached hereto.
which hu tho addma .r
R..D'uH2 ....B9 xJ 13 .SI:!~,p' p_e n f!.1.l...\!!'.g
(SI,.,t)
IClty)
fA 17.25'[.__
(Stale and Zip COO.)
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" ,.____, (h...ln "Property Add...."I;
TOGETHER wlth.1I the Im~rovement.& now or hft'tafter trtctrd on lhe proptrty, And all casements. rillhl\ appurtenance!, rtnt~ ro)'altlltl. minerai. 011 and eas rillhts and
pron~ water, w.terrl,hts- and water stock. and all fixturts now or hereafter attached to the property. all of which, Includlnlil replacrmenuand additions thereto, IIhlll be dtemed to
... ond .....In. ",rt.rth. prop.rty c...rrd by thl. Mort....; and ,II ofth. lorr.oln.. lo.rthtlwlth laid pro~.rty(., th.lusrh.ld "tattlfthl. MllI1&all.I..n .1.....hQld)... h.rrln
nferred to u the "Property,"
Bonowtr cOYtnanU that BolTowfr is lawfully HiMd of the uL1le hereby conveyed and has the fliht to mortPQ:c. Ilrant and convt)! the Property, that the Property, 15
unencumbered. ,nd that the BolTCwer will wamnt and ddtnd Ill/nerally the Utle to the Property aQalnlt III c1",lml and demlnds, lubject to In~ dtcluatlon~ Itlscmenu or
ratrictionallated In I schedule of ucepUonl to cov~e In any Iille Insurance policy Insurlnll Lender'llntertlt In the Proptrty, or luch exceptions U art lilted In IlChedule
provided by borrowtr. .tt.rn.y,
UNIFORM COVENANTS Borrower Ind under covenant and agree is (allows:
1. PI,.ml 01 Prlndplllnd Inltfat. Borrower ahall promptly pay when due lhe principal o( and Interest on the Indebtedness evidenced by the Note, prepa.yment and late
chll1flll J)rO'Jldtd In the Note, and the principal of and interest on any Future Adva.nces Hcurt:d by thil MortCaQe.
2. Fundi for Tuca and lnauflnet. ElCfOwtclll Lender'a Option. Subjret to applicable law or to I written waNtr by Lender, Borrower IhllI PlY 10 lAnder on the d.ly monthly
InlLlllm.nllofprlnclpal and Interut In! PoJyiblr undn' the Note, until the Note Is paid In full. a.um (herrin "Funds")equallo one. twelfth of the yearly tutland ~'lIt5lmenL\ whic h
Ny attain priority over this Mortaage, and around renb on the Property, If any, plus one-twelfth of )urly premium Installments for huard Inlurance. plus one-twelfth o( vIMi v
premium Installtnenl'l tor mO~lae Insurance, if Ifty, all as reasonably e,Umated Initially and from lime to time by Lender on the bula of L..lfssmenlJ and bills and rU~nn.lhl...
atlmata thel'to[
The Fundi _hall he held In an Institution the deposit! or accounh of which are Insured or gUolr.1nteed by a Federal or Scate iiiit.' nC\I nndudlnll Lrn~cr If Lendrr I~ ~u~h JIl
institution.. Ltnder shall apply the F\mds to pay said Llx~, olueUmllnl\ Insurance prlfmlums and Ilround rrn1.\. Lender ma~ nlll dural' tor!'lo holdln' an~ ~t)IY,"M thl! t-un~~.
~'\JII~ln. Nld Icr,ount, or v<<rlMn. and compllintt Mid .u~!'I...mtnl$ and billa, unlelS undt itY? I~~~er 1~"'l:)on the Funds and iUlnhcahllt 1.w prrmlU l.ender tf) makl~ ~uch il
~nn~ ,Jtl,) :"1__
~hUIlIt. It..mmWrirld 1,41111.11:, mol'" .4l.'w It! wrlllllll at ttu~ lUlU' Illl'Xl.'~ llllllll 0/ Ihla Ml"t~~ thill Inll'tl'al1111 Ihl' FUlIlta ah.tUho> pillJ to IJIIITtlwrr, and unlrulu(h "pem,nlll mllJrur
ilPPUc.abl. II.llqulruJUch Intl'ft'allu I'll' 1\il.1Lt. Lxndtr ahol, ht rl'tlUllf\J tll poly ltolTUw,r any inttttat I)" runlnllJ on It da.ltndn ahaJllll\'t1l tJllkJ,,",wrr, without ,hll1l, III
ilnnualaccuuntln'l)f thr rurVb r.hll'l\;lI1~ "'l'JllA And drhll. .1111 ~'ut1LtA ilnd thlt pUI"pfKclOf which uch Jeblt II) Ihr f'unw.. .... madr. The .undJ air plriJitd u .ddnIQnalltcul1t~
tor lh. Ium& IICUrN by lhll Mllrtllol~t:
If thl amQunt 0' thl JoundA hrlll by 1A.IIJt'r, to.dh" with 'hI' tuturr mllnthly Inilillmrnta of tund! p.JY.Jblr prior In the dut Jolla l)f IJIlt~ wtr.amrll~ Inaurancr prrmluml
oll1.J lltOund nrnh. .hall UC"J Ihr amount rrqulrtd II) pa)' uld lun, ilAM'Mmrnu,lnauJ'ilncr prrmlumllllJ IlnlunJ trllu a& thry (111 dlM',ludl rao:lllhall hr, II Ibrruwrr'1 opUnn,
.llhrr prumptl)' rt'p.hlI0 UUHUWl" I)r ludll.li h. Uonl)wl'r 1/11 m'lOlhly inltallmrntlul t'undl. IItht' i1mllulllullh, runda hrltl by l.rntlrr Ihalllll1l bt lutnclrnt tu pi)' tUfI,
,uitumrnLl.lnlunmc. pr.mlunlli and tlTlluntl rrnb iU Ihey filII tlll.... UUHllw...r Ihall rolY Ii. l.tntlrr ally amuunl nl'(ulI.vyln milkt' ur lht' Lkfldrnry wllhin30tla)'llrum thr d.1lr nntkr
I, miUrtl by l..cntlt'r lQ Uunclw,,'r 't'IIU...~11I11I: p.:tymrnt Ihl'rl'ul
Upon pAymrn' IlIfull.II all ,.Unltt Ptt'l:urrtl by Ull. Murt"il~I.'.IJ.'lItl...r tthalll1fillnptl)'rtluntl III UIJrTuwrr any .'untl. hrltl by l.fntlrr.lfwl.....r l\olra~Tilph I" hrrtul the Propert)' laM,ld
ur O1r l"ruptrt)' II othtrwlr.t .(~uir...tI hy lA'ntll'f,lA'ndrr Ihall o1llply.11I1 lillt" tho1lllmmrtllaltly p"or 10 Ihr wit' of tht Jl'l'oprny I. i1lacqullUlulI by l.flltlrr,ln)' '-undi hrld at 'he lime
o( Ippllcatlon I' a crrdlt ag.:.lrut till: luml M\:urrtl by thll\ M1ltllila6lt'.
3. AppllaUon 01 Plymltnl.L lJnlul arrlicilblr l.~ "rovltln IJlhl.'rwhl'. illl paymrntJ It(rlvrd by 1A'lItlrr untlrr thr NOlt iIltl pil'illl1ilphs I inti 2 hrrtollhall bt apllrd by l.rlld"
Ill'lt In prlymrnt 01 amounlA p.:t.yabl,,'tllIAndrr b)' llllrmwrr untler pan~raph 2 hrrrol, thtn hJ Inlrffll p.l~.blr IJl1lhr Nott, Ihm to Iht prllKlpal Mlhr Notr,lnd Ihtn to Inl'fflt and
principal on Iny Fulurr AdVolIICl'I,
4. Char.a; L1.na. UOJTQwt'r l\hall Pill i11l tau.. Wtumel1l.a and othrr chal'J&eJ, fint. antllmpr)iIUlJnlaltribuQble to thr Propm)'wtllch ma)' II1IIn a priority ovcr 0111 Mor1llJ.Q',
and Ir..uthold ~)'m.ntJ or llI'ound tl'l1b, I( an)', In Iht manner rrovhletl undt'r p:JFllII'lph 2 hrrrol or, II not paid In luch mannrr, by Oonmwr maklnll pilymtnl, whtn dUI, dlrtetl)! to
th, pI)'u thltrtO(. IlIlrrow,r Ihall promptl)! lumlah to l.rndrr allnolkrl of i1mOuntl du. undrr thl. p.v3l1r1Jlh, Ind In thr nent Uonuwt'J Ihall mikr p.l)'mrnldlrreU)'. BotroWtf lhall
promptl)' fumllh 10 Lrndrr receipts t'\'h!t'ndn~ iu~h pa~mrnt.a, norm.".,rr Ihall rromplljdlKhaflle In)' lien which h.u priority ovrr IhlaMor1tlo1llr; provltlrd, that DorrowtI' wall not be
ltQulrrd to dlKhalllr any luch litn &t' lonllu IlIlnowrr Ihall.ijlrl.'r In wrltlllJl to the paymrlllolthe obllWlUon HcurtlJ by luch lien In a manner accrPQble to Lrndft', f1I ihatlln Ilood
lalth conllllluch lien by, or dclentl t'nll)r~ement olluch IIrn In, 11.'11.11 procrl'\llnl&S which oprnlt to pmrnt Ihr enlorcemrnt 01 the lien or lorlrlturr o( the f"roprrty or In)! pJrt
therrot
5. H&&Ird Il\IurahCr. Uorruwrr Ihall krep Ih. Improvrmrnl5 now nlltlnll or hrrrafttr rrtcttd on thr Proprrty Inaurrd avlnlllou by nrt, hUArdllncludcd wlhln Iht ltnn
"ntrndrd coverall''', and luch r>thcr hillards iL5 Lrnder may Il'qulrtt and In luch amountJlnd for luch prriods uundtrmay rrqulre; provltled.lhat Ilndrr shall not rtqulrr that the
amounl olsuch Cl)V,ra6le tlll'",...d lhat amount 01 (l)v...r.ai!:t' rt'~uirt'd I.) pay Ihe sum, I!.e(un:d b~ tlll~ ~11)flli,.llltt,
The In.unnce clrricr provldlll61 tht insurancr lhall bt chosen by Uorrowrr .ubJtct to approval by Lrndrn provldcd.thatluch approval Ihall not be unrt&lOf\lbl)'wlthhtld. AU
prtmluml on In.unn..:r pollclc51!.hall be paid In lht mannerprovldrd under paralD'aph 2 hrrrolor, Ilnot polld In luch mo1nnrt, by BotTowtr makinll paymrnt, whm due, dil'f(U~ to the
Inluran" curlrr.
All In.urance policies IInd rttntwilla thereollhall br In lorm acceptable 10 ltnder and .halllnclude I lundard mortVlle c1au5f In lavor 0' antlln lorm accrptibl. t.o under.
Lrnder &hIli hive the ri,ht to hold the policlea and rrnrwall thrreol, and BorroWa' Ihall promptl)' furnish to undrr all renewat notlccI",daU l'f'CelplJ oIpaldprtmNIDL In th, tva1t
011011, Borrower Ihall ,Ivr prompt noUce to the Insutilnce carrier and Lender. l.rnder may ma.ke prool olio&! II not mlde promptJy by Borrower.
Unlolunder Anti Borrower otherwise agre, In writ In" insul'ilncr proc<<ds shill be apllrd t.o rrltOI'1t1on or rrpalr olth, Property d.1m""d. provided luch rntontion or rtPillr II
economically (raslblr and the &e~urity ollhls Morti&il,r I. not thereby Imp",lrrd. II luch mtoratlon rr repair II not economlcall)' (wible or lithe Ircurity ofthl. Ml)rtWewould be
Imp.lrod, lh.lnsuraner proc<rllo .h.1I b< .ppll.d 10 lh. sums ..cor.d by thlo Mortll'll', wllh th. ne.... if Iny, plld 10 Ilorrow", Iflh. Prop.rty 10 lbindonrd by Borrower, or If
Ilom>w... (.11.10 rapond to l<ndm.ithln 30d.ays from th.d.1t. noller I. m.lI.d by l<ndnlo Ilorrow"thilth.lnsuranerwrirroff"" 10 ..lllncl'lm forlnsuraner brn.ftlJ, l<ndrr
I. authorizrd to collrel and apply the Insurance proc,eds at l.rndrr'. option ellhrr to re.t.oration Of I'tpollr 01 the Pmprrt)' or to tht luml KCurtd by thll MQ.......r.
UnltSl undrr and Borrower olhrrwlst al&rre In wrlllnlL any luch application o(procrtdJ to principal Ihall not tltend or PIJltpone thr due datt oftht mlJnlhly Instillmtnta
rr(.rrrd 10 In Il'railT.phsl ilI1d 2 herro( or ch.1na.th. Imounl o( such In.l.lllmrnta.l(und... panllRph 18 h.rroflh. Property illcqolrrd by IAndrr, III tllh~ 1I11rand Int..... o(
Bonowtr In and to any In.auranc~ policies and In and to the procetds thereo(resulUnlllrom dam." to the Proprrty prior to Ihl Wtor acqul5ltlon lhall p.l11 to ~ndrrlo Iherxtento(
the luma ltCured b)' Ihls Mortilaile immedl.trl~ prior to luch ule or acquisition.
6. Prll,rvation Ind Malntlnlln" 01 Propertyj LUlCholda; Condominium., Planned Unll Dewlopmrnl.L Rorrowrrlhall ktfp the Property In ,000 rrpalrand .hlll not commit
wash! or permit Impairment or dl'terioraUon o( thr Property and Ihall com pI)' wllh thr provl.lons o( any least II O1ls Mo~~r If, on alrl5Chold. II this Mort~ II on ~ unit In a
condominium or a plannttJ unit de\'clopmenl. Borrower Ihall perform all o( Borrower'. obllilatlons undrr the drclantlon OrcoveniUlb crellin, or Ilovcmlnllthe condominium or
plln"rd unit devrlopmen~ the by. laws i\nd rrilulatlons 01 the condominium or plllnntd unll devrlopmrnt. and constJtumt documents. If a condlmlnlum or planned unit
devtlt)pmenl ridtr is exrculed by llorrower and r,corded logrther with this MOr14aQe, the cow.nantJ and a&rremrnls 01 luch ridtr IhaJl be incorpotilted Into and IhaJl amend lIld
.upplemenl the covenanb and allrermenlJ ollhls Mort,a,e as II Ihr rltler wert a piU1 hUNI.
7. ProtrcUon o( Lrnder'a Security, II Borrowrr lall. to perform Ihr covenantJ and .erttmentJ conl1lnrd In thLs Mort~, or I( III)' action Of procrrdlnllls commenc.ed whkh
materiall)' af(ecl under'.lnter'$t In the Prilpt'.rty, IncludlnQ, but not limited tOI eminent domlln,l!,solvtncy,codr enforcement. Of arnnQrmenls or procttdinllS Involvin.a bankrupt
or drctdrnl. then Lendtr at l.enders option. upon notice 10 lklrr'Owcr. mol)' m.ke .uch appeann"" dilbuBe luch lumsand lake such action l.S Is ntcrs.wy to protect unda"a
Interf&~ Indudln.. but not limited to. dlsbur.srment olrra..&On.lble attornry'.alrrs nol to exctfd 15" o(the toullndebttdn~ and rntryupon thr Proputy to makr rrpllB.lfLtndrr
requrl,d mort,ia,e Insurance as a condition 01 makin, Ihe loan seCUrttl by this Mort..",e, Borrowrr shaJl pay the prtmlums rrqulrtd to m.alnUln wch Insurancr In elftct untJlluch
tlmr as the rtqulrrment lor .auch In~uranct ttnnlnalts In accordance with Borrowrr'. and Lender'1 written acrrrmcnt or applicable I.w. Borrower Ihlln pAy the amount of III
mortlla,r In.urancr premiums In tht manner provldrd under paragraph 2 htreo(,
Any amounb dLsbuned by Lender pursuanl to this Piir:J,inph 1, with Inltres' thrl'fOn, .h.n brcome addlUona.l indtbttdnus 01 Borrower 5tcured b)' IhLs Morteaar. Unless
Borrowrr and lender agrer to olher lerms olpayment. such amounb shall bt payable uPIJn notler from l.rnder to Borrowrrl'tQursUnilpaymrnt therrol, and .hllI bar Inurtst from
Ihe date 01 disbursemrnt at the ratt payable (rom Ume 10 tJmron oUblant.llnQ principal undrr the Nott unlwpA)'R1entoflnurllt al lUch rail would be contrar)! loappllable law,ln
whch !\'Cnt luch amounts shall bur Interest at Ihr hl,hat ratr prrmfulble under appllableJaw. Nothlnllconl.1lnrd In thl. par'aQl'1ph 7 Ihalll'tQull't l.rndrrlo Incuran)'aprnMor
takr Any action hertunder,
8.lnlpectlon. Ltnd" may makt or QUK 10 be madr reuonable Itnlrlts upon thr Il\l9tctVJnl oIlbe Property, provided lhat Lend" abaU ~vtn Rorrown noUet prior 10 M)'
luch Inaprcl10n Iprclfytnll reuoru.blr Quae therdor "laird to Ltnder'llnlrrat In the Property.
9, Condrmnatlon. The Pfocreds 01 an)l award or c1illm lor damage" dirtct or consfquenUaL In connection with III)' condrmnallon 0' olber ukin, of 'he Property, or part
Ihrrro( or lor convryancr In liru 01 condemnalion, are herehy usi,ined and .ahall be paid to under.
In lh. Mnl 010101.11 W<lngofth. Property, Ih. procrrd5.IIOI1 be appll.d 10 th. sum. s"urod by thloMortll'll., with th.uc.... Uony, paid 10 Ilonow...ln the....t 01. putJil
taJdnll ofth, ProPfrt)', unles.s &rrowrr and Lrndrrothrrwl$f a,rre in writing, Ihere shall br aplied to thrsums secured by this MIJ~ luch proPIJrtlon olO1e proceeds as.. equal
10 thai proportIon which 5u..:h amount of the sums 5tcurctl b)l this Mortgage immwlaltly prior to Ihr datt01 Llklnll bran to tht lair ma'*rl valur olthe Property Immediately prior to
Ih, date 01 IakJnll. wltht Ihr balance 01 thr procerds paId to 8onowtr.
I(the Properly Is abandoned by Brmower, or II, alter nolice by I..ender 10 Borrowtf that the condemnor oilers to make an award or settle a claim lordamifl~ Borrowtr lails 10
relpond to (.rnder within 30 days afttr tht date .auch noticr is mailed, l.ender Is aulhorizrd 10 collreland .apply the proceew,lt l.rndrr's opllon. tither to rr.atoI'lUon<< rtpalr o(the
Property or to Ihr sums secured by this Morlg.Jge. .
Un Ie" l.rnder and Iklrrower olherwlse aQrer in writing, any 5uch application olproceew to prlnclpalsh.lll not utend or postponr the dur date 01 Ihe monlhly Installmtnls
ritlrmd to In pmQraph.a I and 2 hrreol or chanlZe the amount 01 such Insl.allmenu.
10. Borrowrr NoI Releaud. [lIlensit'ln olthe time lor payment or modificiltion 01 a.m0l1izaUon althe sums s<<ultd by thh Mortgalle anntrd by tender 10 any succeMOt' In
Intertsl 01 Bomlwer shall nOlllprrafe It) rtlt.1~. in any manner, the liability of the orllllnal Borrower and Borrowrr's suc<rs.sors in intrmt. [.endrr shall not be rrqub'ed Iocommenct
pl'O(trdings allJjn~t ~uch SU((l'$or or refuse to ulend time (('. vmrntllr otherwur modif)' amllrtizaUonolthe sums 5tCUf'" "'~_Ihis Mortll.1llr by rtason 0' any drmand made by the
orillinallJOITnwrr and I!orrllwer's 5UCCU.\ors In inh:resl. ....J eOOK ~ PAGE U:~3
II. '.tbf...n" b, lAnd.. N.I. W.I.... An, '.tbfmn" by lAnd.. In "'nl.IIIM .", ,I,hI", rrmrd, h..rund..,., .lhr",1u .1Io,drd by IIIpUuhlr law, ....11110I bt. WIl.., ,
" or prcdlJdt th, ""d., of .n~ luch riCh'.. "DIN). Th~'tJDtn'.ot Inlunn,. or Ih, parmtnt ullaul ~r olhlr 'rl' (har,a b~ lAnd" .all not bt. wAlwr oIlA.', .
, r1.ch11. ourlrrolr Ihr m.lu,ky 01 IItr Inllcllltdn... "" r, Ihla H.rIl104lr. ' , .
'! IZ. RcmtdlrtCumulallve.All "mrdlrtptovhltIJ In II. .ort4lIll'1fY ~1.t1Il" o1nd ":UII1Ulo1llvl! 10 In)'lJlh,rntthtlw I Jy und" thll MurtVarl'orilftlJfdrd ~ LlWOfOrlUlty,lnd .
may bf tun:llfd (OIl&:UlTrntJ)', lndrptruitntty Dr IUccwlv,I)'. . .
13. S.'.....n .nd Alal.n. Bound; loInl and _,01 Liability, r;.p\lon Thr 'o"n"lI, .nd OIlJTrm.nta hmln ,o,,!.llnrd .h.1I bind, ."d Ihr n,hI. herrund.. ....11 bt In"" 10,
thl ,."pteUw lucc,non Ind lulllna Q( Ltndrr lnd UOlTUwrr, lubJrcl 10 thr provlllun o(PiUillrtph 17 hrrtQf, All (ovtnnlJ and IwmnrntA of ltolTl)wrr ,hall Ix Joint and IfWrII.
nw "ptlon. and hradl"'tl of tht part4rlpha oIlhl, Mor1~r 1ft fur ('onvrnitJll:l' 0111)' and lit nul hJ hf UM'd h) Inttf1lrtl or drnnr tht J'I",~I,luna hrl'tur.
.... Not1.ct. t:.erpt IQf an)! I1l1lla.:r ~ulned undtr applh:.blr I.w 10 he Ili~tn In 'Mlh"r mllllltr, II)IIIV nulll.:t 10 Udl11lwc.'r pro~hlrd for In thla Mnt1ll1tlr Ihiall bt liven by maUilll
aueh "uUer b)'ctrtlnrd mlUaddn:uN 10 IbTt'Wtrallhr Ptupttt)' AaJIJlfuor It IUl:h olher ItJ.Jteu at Ikmuwrr mil)' dttaltll1i1lt: by Mljl:r II) l..endrr II rrqyhJN htrrln, andlb) Wl)'
notler to IAndrr Ihlll bt alwn b')' crrtlfitd mail, rttum rYcrlrt !'tqurltr-4, h) l.cndrrladdn:u IlIlrd hrrtll1, Of 10 luch olhrr IdtJl'YU iU l.tndt'r ml)'d\'Ilaln.lt b)' nollu to llorrowrrll
provided hmln. Anv noUer proyldl.'\! tOf In thll Mortalialr Ih.1I be drrmrd 111 hayr brt'n Ill~rn 10 1J..lOuwL'r Ilr 1~lldrr whtn al~tn In tht mlnnrr duhlnllrd tw"ln.
15. Unlloml Mo~"r; Covtmln, uWj s.wrablli~. Thll form of RlOrtNr comblnn Unlfl)m1 &:lIyellolnb for nilllon.1 uar antJ non.unlfOf'm cllwnanlJ with IImlltd ~ariaUonl
b)' JurladlcUun 10 (t)nlUtult a uniform ltCutll)' hutrumrnl clMrtnil h'al JM"JJlt'r1)'. TIlIa Mt>rtalllt ihilU tw 1I11vl'tI1rd by Ihe I,w of tht ju,,&tJldlon In which thr Propert)' II Ioc.led.ln
thrtWnllhill In)'pro~lllonorcllwtofthllMort&iCf OIthr NolrcunRh.:la with II'plh:lblr 1,1W, luch ":11I1 OIl: I IhlllllOI IIfe..:t 1)lhrrprovl5ltmiQ(thllMortal'lltOfthr Noll which an
be ,Inn ,ffret wllhout tht connlcllna proylilon,lnd to thla rnd Ihr pro~15Ion. of thr Mllrtllallr an&J Ihr Nole art dL't:luL'll to br ifveriblr.
16. BOrTowtr'1 Copy. norrowrr ahall Ix (umlihrd I contormrd cOPV of Ihl! Notr Ind ot thl, MI)t1llllllr II Ihe time of UtcuUon or l(lIr rcCI)fdaUon hrrrot.
17, Tranal" of tht Propntyj AuullpUon. I( all or In)' part of Iht I''toprrt)' or In Intuut Ihrl'llln b &oil! or tranatemd by DofTUWrr without ltndrr', prior wrillln conMnt,
llJlcludln'I.)lht crt.t1on o( alltn Of rncumbrancflubordln.tr to thb MO~i1~,lb) thr CI'tIUl\n of IllurchilU monty Mcurlly lnll~t fo, hOUMhoM Ippllances. (c) I trlnlfrrb)'
devlu. delCrnt or b)' optrtt(on ot I.1w upon thr duth olljolnt lIn.nt or Cd) tht Ilr1nl of In)' Irurhold inltrtalofthru )'lID or Ius not conulnlnll.n option 10 purchur, undtrmay,
.llAndr.. opUon, d.dorr .lIlh. 'om.llt(olrd by Ihl& M.rtga,r 10 be Immedl".I, do. and p.I)'Oblr, lAnd", .hall havrw.lvrd ,u,h opUon 10 ",,,1...1< II. prlo,ll> the ..Ir '" tnna~',
lAnd.. and Ihr prtlOn 10 whom th. '~oprrtyl& 10 be ..ld"'lI1l11rrrnd ru,h ..,..m.nlln ..,;Un,th.lthr credit .r.u,h pmon" ..U,r."lory 10 lAnd" and Ih.lth.lntrral pay.blr
.n Ih. .um. orcurrd by thl. MortM04l' .hall be ...uch ..Ir.. Lrnder .hall '''lonll/ lAndr, h.. w.lwd thr opU.n ll> .",Imlr p""lded In Ihl. Pllillraph 17, Ind II Borrower',
\ucctuOr in Inlrrelt hu tktCutN. writlrn uaumptlon I#ttmrnllc..:rpll!d III wriUnll by lAnd,r, Ltndrr ahiln relr.ur UofTOwrr (rom III obllllo1t1ona undtr thll M~ and tht
Nul..
I( l..endrrntrcuu wch opllon tn Iccrlm~,l..rndrr.haJl mall Oorrowrr nutkr of acctlrliltlon In acconJancl! wllh r;lYili(raph I" htrtor. Such notlcrlhall ~oYldt I ptriod alMt
ICIl::a th.IIl 30 dol)1l fllllJl tilL Jo/.(L t!IL' lllltlL~ l::amolil~J Vt'lthln whkh Uon(jw~r fIIo1~' Jlol)/ th~ lunu tJ~dillt:J &Ju~.lf lIolTow~r (.ub to Pol)' ::aulh ~unu prior h)th~upiI'ilUon of au..:h IWnoo,
l..endrr ma)', without furthrr notler or drmJJld on Borrower, InVQkt In)' reme.Jlrs pttmlllrd b)' pl1ll1raph 18 hrl'tof.
NON.UNlfORM COVENANTS. 1l"'11lwtl .nd lAndr, "'rther 'oyr..nl .nd 04l.... .. roll.w",
18. AcctlrraUonj Rrmrdlu Upon Borrowtr'. brucb otanycovtnant or ..rrcmrnt oIBonown In lhll Mo~.t.lndudlnll the (own.nllto Pl.)' whln dut any MlIllIlCcurrdb)'
thla Ho\1C.lCt. IAndrr pn., 10 aculmU.n 011011 mall noUu ll> Borrower II proYlclrd by ",plkablrl.w .prd/ylna: (II thr b,uch: (2lthr .ctlon ,equlred lo,u,.",ch bruch: (3) .
date, noll.llthan 30 da,. /rom th. dotr thr noIle.1a mallrd ll> B.rrow... b, which ",ch b,.",h mo.1 br cu,ed: .nd (41thll /allu..ll> CUlr ouch b,uch on 0' btlo,.th. datr oprdllrd
In th. nutlt. ...y ....11 In aculmU.n o/thr "'m..<<ulrd by thIaHort...., r.,<<IOIo" by Judldol p,O<<Cdln. and IIIr o/th. Properly. Thr n.Uu .hall lurth.. In".... Bon_o/
the riCht to uhutAtt IAtr accelrrltion .nli thr rlahl to II&CTt In the forrdoiurr proctedJnll the non.nilttncc 01 I dcl.ult o~ any other dcfrnlC of Bonowtf to aaelrnUon and
1...do,u,..lIth. b,..,h II nol ,u,ed on .,brlo.. thedatr ~edln thr noUu,lAnckr.1 Lrnclr~. option m., clrd.rr oil o/the .......<<u..dby thloMDrt.PIc ll>bt _edIatcly"'r
and p.yablr wlthoul "'rth.. drm.nd .nd mOl' 10,ocI_thla Horttalr by ,udidal pn>crrdlna: lAnclr, "'lIl br rnUllrd to ",lied In .u,h p'....dl.. 011 ..p..... 0/ I",.do,....
Indudln& but nolllmltrd to, '....nablr .Uom,yl Ira notll>.u.rrd 15,. 0/ IItr lollllndrbtrdn... .nd ,oala 01 doculD.....ry nidrncr, ab,IFado and title rcporlI.
1 V. Borrow..., Rilhlll> Rrln.latr. N.lwith.landlnILrndr.. .mlmtlon o/thuum..reorrd by thl& mort,..r.lIorrower "'.11 h.vr thr n,hlll> haw any pnxcrdI... briunby
lAnd.. ll> .nl.... Ihl& Horttalr dlaconUnued .I.ny Umr pri"'ll> .11...1 on. hoW' pno, 10 thr 'omm.n"mrnl 0' blddln, all 'Mnrr. ..I. '" othrr III. punuanlll> thl. MortCaIlr Ir:
ta) Borrower paY' lAndtr alllums which would be lItrn dur undrr thla Mo~e. the NQ~ Ind notea &fcurln. Fulurr Advanca, I( an)', had no ICctlrfJUon occurrtdi (b) BonoMr
'\ar" all brucha o( In)' I)thrr covenanu or a&rrrmrnb at Borrowtf contalntd In this Mot1aa4e; (c) Borrowrr pays III fUSOnablt nprnaa incumd by lAnder In en(orcln. the
covenlnta and .~mrnu 0/ IIorrowrr ,onulned In thll Morlllll. and In rnronln,lAndr.. rrmedln.. prov;drd In _",h 18 h....I, Includln.. bol nolIImllrd10, rr.....blr
.Ill>m,y. la. nolll> ..,..d 15,. ollhr t.taIlndrbtrdnw and (dIBorrow.. uk...uch action ..Lrnd.. may "...nably rrqulrr to ....rr th.llh. lI.n 0' thl& HortIIIr. lAnder'.
lntertlt In the Proptrtyand Borrowerl oblll2aUon 10 pay the lurns Hcured b)' this Mo~Q:t shall conUnu, unlmpalrtd. Upon IUch p')'mtnt and curt by Borrower, this mortillllr and
Iht oblhptlons Kcurtd htrrby .hall rrmlln In (UII (orce .net t((ret u Jf no accelefJUon h.d occunYd.
20, Aulanlllrnt o( Rrnt&, Appolntmtnl o( Rruh'tTj Ltnclrr in POlHillon. Aa addilionalltCurity htrrunJrr, Borrower hrrrb)' aulins to Lendrr Ihe rents o( Ih Property,
p~lded that BotTowrr IhaJl, prior to .ccrlmUon undtrpuaWaph 18 herrof or abandonment 01 the Property, haw thr riaht to collect and rrtaln such renb u thry btcomedue and
payable,
Upon "'"lrnU.n under para_h 18 h.rror 0' .bandonmrnt o/tbe Ptop'rl)I.lAnd.., In petlOn. by .g,nl., by Jodld.lly appointed rr"lv... .hall b. .ntltlrd to .nl<, upon.
IIkr _Ion 01 and manllltth. Ptoprrtyand ll> ,01l<<lthr "nl1o/thr Proprrl)lln,l.dln, tboor pa&t du., All rrnu ,ollrcl<d by Lrnder.r thr rrcrlvrrohall btappllrd n..llo
pl)'n'lento(the cosu ormllllQfmrnlofthr Property and coll.dlon olrrnta, Includlnl1. bUI not limited to, Ncel~cr'a (efs" pt'l!mlums on FUrlvtr'1 bonda and rtuonlbltlUomry'a (eri,
not to exceed 15" oftht loll.llndebltdna. and thtn to the sums ..curN by this Mortaaat. lAndtr lnd Ihe rt:crlvrr ihlll be lIablr to account onl)' (or IhOH !'tnts actUl.lly ~Cfived.
21. FUN" MY.nct.. Upon requesl of Borrowtr, undrr, II LtntJrrs option ~or to "lrut otthls Mort~r, moly make luturr advance! to Uorrowrr. Such fUturt Advinc~ wllh
Intrrt!lt thmon, shall be aecured by thi.$ MOr1i1lle when tvidtnctd b)' promls.sul")l notti Il1l1na that laid notea are &ecurtd hertb)'. AJ. no time shall tht principal amount of the
IndtbtcdnuslCcurrd by lhb Mo~ailt. not Includln'lumsldv.ncrd In .((ONancr herewith to pl'Olrct the ~ecurlly o( thla MortgJQr.. exceed Iht orhllnlllmount 01 Ihr Nott.
22. lelUK Upon pa)'mrnl of IU sums 5<<urtd by this Mort.aQ:r, Lrnder shall di"h."e this MOf"I.taIle, without char'e 10 801TOWrr. Bonowrr lhall pa)' .11 coslJofrrcordatlon. If
any.
23, PurchaIC Money MortC"~ Ifall or part ofthr lumsKcurrd by thi~ Mot1gage m lent 10 Borrower II) acquire titlr tolhe ProPfr1y. this Mort,i~' ishrreb)' dtdartd to br.
purchase monr)' mortNe.
IN WITNESS WHEREOF. IIorrowrr blS "reotrd Ihl, H.rtll:lll..
Wltn....s:
~.C.4~
,~C/f~
~)- /"
0'6ffi:.cy M.
d"......u..."ot.._l-
Frere
-Borrower
F & M TRUST (o/MARI'1I1!l""
eoOK
993 Ihl
JI r..vJ."':l -1., -4>..Af<..~
KhthY (J' FI'01'O
:f?4
.HllrTllWl'r
cOMMONWEALTH <If" PI::NNSYLVANIA.
lo'l'tlnklln
CAlunty 1\1:
On thLo, the
,~kl ~I) d.yol, :5'~p f.:.~'N" ,19 '10
. bt(or~ me,
the undenlgned officer, penonn.lIy appe.red
J~Ul'~Y M. j"pl,ll'e und )<(lthY lJL.E!',g~'\l._ht\LW,1,rll,. known to
me (or uUoIactorlly proven) to be th.. penon a
who.. n.meU
(l:tl(!
, lubacribed to Ihe within InllNment and acknowledll<d
Ihal,___~h~_
oecuted the I4me lor the PUrpolU herein conlalned.
IN WITNESS WHI::REO~', I hereunto let my h.nd and om<l.II"'l1.
~s/c::_~,
_'~~
' . Ibo, PWu
Mi, E>;Ii\ls Sop. ,~
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~
Certlllcate 01 R..ldence 01 Mortgagee
Flvmmand Merch.nl> Tr\l4t CompanyoICh.mb...burg, Mortg.geewllhln named, hereby certlOesth.t II.< principal pl.ce olb\l4lnesslsal Chambenburll,
Pennsylvania.
~"""'.Ij~"""~' .
~, ........-- ." ,~
~!'l ~.,.
. '!> .
... ',.
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'.N""" _ .~~~...
Comm6llWe~ 0 fi ' ,...,..1
County 0' LeU' ., ~ r b
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I ",.Mr>.., _ ,~'~ .~
,......:tl.'r. '*" ~.'... .& '" . r.i
.'...1';1... . ....
'~'.-, .~.
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It. ',., .' .
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F:lrm... and M~hanl> T~lJ".mpany or Chambenbu"
8y-~_CA~
800K WJ3,..JE
Recordt1 ~; omce of thrle1!dtr 01 Dew in and for uid Counly on
the - day of, C '" 19 '1{).,-, in MorlPlle Hook
Volume _ _, p.ge GQ.;;), , "
_ Wltne.. my hand and the .eal of uld olm and ye.. afor~ ~ :
ll':J" ,
lJ,.:) 'I -~_.. '""" '
'..J ~ . CNN!-L
------- "
Recorder
,
.
\
ADJUSTABLE RATE RIDER
THltlADJUSTARU:RATf;JUVElllllllud.lhl. 2.,h day"f S.pt.mbor ,19 90 ,
and IllnC'Orporat.d Into llnd .hull be d.em.d to Ilmenu nnd .uppl.m~lIt th. Mortloll". llt't'd 1)( Tru.t or
Btcurity DNd (the "S("('urity In.trumfnt") Mill!} lome dnte .dven by the und.,.ili'nt!d lth. "Borrow.r") to
""U" 1l0r...wor'l Adjultubl. lIut. N"t. lIh. "N"l.") to FAIlMF:IlS ANIJ MEIlC/lANTS TRUST
COMPANY (the "[Amder") ur thl.' filum. (lUll' nntl ('l)vl'rlnll the I'rlJprrty Ill'lfCrihl'cl III tht. Sl'l'Urity
In'U'l.Iment llnd IOC'lltl>d lit:
R,O, ,~. ".. II~. Shlpp.n.burg I'A 17257
d'IHlM'rt)' A1Mr,..)
THE NOTE CONTAINtl PROVltllONS ALLOWING FOR CIIANGES IN
TilE INTEREST RATI! ANII TilE MONTHLY PAYMENT, IF' THF:
INTEREST RATE INCREASF:!l, TilE BORROWER'S MONTHLY PA y.
MENTS WILL DE HIGHER. It' TilE INTEREST RATE DECREASES,
THE BORROWER'tl MONTIIl.Y PA YMENTS WILL DE LOWER.
ADDITIONAl. COVF:NANTS.ln addition to tho 'ovonantl and agroom.nt. mad. In tho Sorurlly
In.trument, Borrower und lA'nd.r further ('OYt'nunt Bnd OK't'!.' u, (oIlQWI:
A, INTEREST RATE AND MONTHL Y PAYMENT CHANGES
The Note provide. tor an i"Wollnter..t ,ale of 10.,~75. 1/1&. The Note providu (or chonle.in the internt
rote and th. monthly poymltnta, n. (ollow.:
4, INTEREST RATE AND MONTHLY PA YMENT CHANGES
(A) Chenl. Del..
The Inloreat rot. I will pay may .hang.." tho n..t day of Q~lob.,r ,19 9.', ,and on
that day every 12 th month thereAfter. ElIl'h dote on which my interest rn1(' could chanICe i. culled a
"Chonle Date,"
(D)Th.lndex
Berinn!n., with the fint Chon,e Date, myinterflt fate will be b3.etJ on an Index. The "Index" i.the:
,Ch4tll. 0". bo. to /IIdlta" rnJu)
D" (i) Weekly average yield on United Stlltn Tren.ury .ecuriUe. o.dJU.ttdlo a con.to.nt moturity of
,on. year., all made avaUllble by the Federal ReJerve Board.
O. (ii) "Contract [nterellt Rate, Purchftled of Previou.ly Occupied Homell, National Avernie (or oil
Major Typea o( Lenders" puh\illhed by the F't.dt'rul Home Loon Bonk Board,
C)'titO
"l/",o",Atlltolt,burlltAuhrf"'"/""boll.tA,,.,rI.tIltrf1-,""t,.ult,tlJurr'll~"rJ<I"ur<l'A'f1.,...tIlJ"""IHlr"''1.IA'/I','/''rf''''IJIIl"ttJllIlIPpl)
The mo.t recent Index fhrun' nvailable 01> of the dute 4t) dny. before eoch Chanlle Date i. called the
"Current Index."
It the Index II no 10nKer ovnilable, the Note Holder will choOIe 8 Ii.ew index which i. bL.ed upon
cornpuable tnformaUon. Th. Note Holder will Kive me notice ofthi. choice,
(C) Calculation of Chanl"
B.fore .ach Chan,. Date, the Note Holder will calculate my new intere.t rate by addln&,
""" .~,' 7J". ,,,. per('enta,e polnta ( 2~. 75 %) to the Current Index,
(CIt,d on. bo. loillJicat. wlt.,It., II..II'ILI .lIt".., ral. w.ll 0' '1.,.11 not b. round.d to tit. n.a'''t "" rJf J'IIJ (f),11M'",)
o (I) Th..um, labj.ct to tho provlllon...t forth In ..cUon eC) (111), (C) (iv), (C) (v). and eC)(vO will b.
my new inlt"..t rate until the next change date.
lD<(it) Th. Not. Hold.r will th.n round tho ..salt of thll addition to th. n.arut on".lllhth of on.
pm.ntalle point (0,125%), Thi. rounded amount, lubjectto the provlllonl..t forth In ..ction (C) (Iil), (C)
(Iv), (C) (v), and (C) (vi) will be my n.w illterut rat. antll tho noxt chanll' date,
(Ch,d appropmJ!. bon. tt' ind,co" wh"II" ,h".. 0" ony rna.z.nUirn Iln1." on titan,,, In th jnl."., 'ai, or. ,och Chan"
Dct.;.( no 00. t. ch.tlr.d lit", u.:,1I h. no mo.zlmu", I'mlt 1111 dIOnllrl,)
o (Iii) There are no maximum limite on any chan,.e. in the interelt rate at any Chan"e Date.
l!Xiv)The interelt mte r.onnot be chonged hy more than 2,0 percentoKe points ut Rny
Chan,. Date.
~v)The interelt rate cannot Increate to more than
durlnllth.loen tenn,
!!n:vi)Theintne.tratecannotdecreau to lell than 4,873
durinl the loan term.
The Note holder will then determine the amount o( the monthly payment that would be .ufficlent to
repay the principal I am expected to owe at the Change Date in full on th. maturity date at my new Imerest
rat. In .ub.tantiallyequal payment... The relult of this calculation will bethe new amountofmy monthly
paym.l,t.
(D) Effectiv. Oet. of Chenl'.
My new lnter..t rate will become effective on .ach Chnnlle Date, I will pay the umount of my new
monthly payment b'rinninl on th. firlt monthly payment dote lifter the Chanl' Oat. until the I.tmnunt of
my monthly paymtnt chani'e. '"ain.
16.875
perCtntolle poinu. "t any time
percentale point. at ony time
aGGK 993 1m lJ:~r,
MUL.TIITATI ADJUITAIL.I "ATI "IDI" 'i'~~I. '_moly
. Cop~..~t" "" I<Im~h Ccmpln, Inc !~
,
,
EXH.OIT .A
~
Description of Real Estatel
Res os
ALL those certain tracts of land with improvements thereon ereote~~ou~~mpton
situate in the Village of Lees Cross Roads, Cumberland county, Penn- .
sylvania, more fully bounded and described as follows: .
LOT NO. 1~: BOUNDED on the North by Walnut Bottom Roadl
on the South by public alley; on the East by public al-
leYI and on the West by Lot No. 151 SAID lot having a
frontage of 55 feet on the Walnut Bottom Road and extend-
ing in depth 247-1/2 feet to the alley in the rear.
LOT NO. 15: BOUNDED on the North by Walnut Bottom Roadl
on the South by public alleYI on the East by Lot No. 14,
above described; and on the West by land now or formerly
of Jacob Stouffer. SAID lot having a frontage of 55 feet
on the Walnut Bottom Road and extending in depth 247-1/2
feet to alley in the rear.
BEING the same real estate which Donald F. Nori and
Catherine A. Nori, his wife, by deed dated the ,:}.J./{tr
day of "Stt/j74MI)i;' , 1990, and intended to be recorded
in and amorig the records of the Recorder of Deeds of
Franklin County, Pennsylvania, immediately prior to the
recording of this Mortgage, conveyed to Jeffrey M. Frere
and Kathy L. Frere, his wife, Mortgagor herein.
io'oK 993 PAGE U28
F&M fF:jUS'
..
!fUe
TRUE AND CORRF.cr COpy
TRUST
IMPORTANT I NOTICE OF HOMEOWNERS'
EMERGENCY MORTGAGE ASSISTANCE ACT OF 1983
PLEASE READ TilIS NOTICE YOU MAY BE ELIGIBLE FOR
FINANCIAL ASSISTANCE TOWARD VOUR MORTGAGE PAVMENTS
REr Account *24-99847
$42,800.00 Note dated March 1, 1991
TO I ,Ie ff rey M. Frere
662 Walnut Bottom Road
Shippensburg, PA 17257
FROMr
Farmers & Merchants Trust Company
P.O. Box IITII
150 Lincoln Way East
Chambersburg, PA 17201
July 5, 1994
DATEr
"Your mortgage is in s~rious default" because you have
failed to pay promptly installments of principal and interest, as
required, for a period of at least sixty (60) days. The total
amount of the delinquency is $1,096.12. That Bum includes the
following: monthly payments of $349.95 each for the months of
May, June and July, 1994, plus accrued late charges in the amount
of $48.27. The interest per diem is $6.87.
"You may be eligible for financial assistance that will
prevent foreclosure" on your mortgage if you comply with the
provisions of the Homeowners' Emergency Mortgage Assistance Act
of 1983 (the "Act"). You may be eligible for emergency temporary
assistance if your default has been caused by circumstances
beyond your control, and if you meet the eligibility requirement
of the Act as determined by the Pennsylvania Housing finance
Agency, "Please read all of this Notice, It contains an
explanation of your rights".
Under the Act, you are entitled to a temporary stay of
foreclosure on your mortgage for thirty (30) days from the date
of this Notice. During that time you must arrange and attend a
"face-to-face" meeting with a representative of this lender, or
with a designated consumer credit counseling agency. The purpose
of this meeting is to attempt to work out a repayment plan, or to
otherwise settle your delinquency. This meeting must occur in
the next thirty (30) days.
FARMERS & MERCHANTS TRUST COMPANY
PO. Box "T", CHAMBERSBURG, PA 17201.0819. FAX 717.264-3415
Ch<llll/wys/Wyg . ;!fi.J.Ii//I; May;on . :17.'i,;!;!()() WaYIll's/)oro · 7fi;!.2/8H
. ,
Page 5 (cont.)
WARREN-FOREST COUNTIES ECONOMIC OPPOR~IINITY COUNCIL
1209 Pennsylvania Avenue, West
P.O. Box 547
Warren, PA 16365
(814) 726-2400
FAX * (814) 723-0510
Doris Swan
Forest & War.ren counties
YMCA OF CARLISLE
301 G. Street
Carlisle, PA 17013
(717) 243-3818
FAX * (717) 243-3948
Pamela Line
cumberland, Franklin and Perry counties
It is only necessary to schedule one face-to-face meeting.
You should advise this lender immediately of your intentions.
If you have tried and are unable to resolve this problem at
or after your face-to-face meeting, you have the right to apply
for financial assistance from the Homeowners' Emergency Mortgage
Assistance Fund. In order to do this, you must fill out, sign
and file a completed Homeowners' Emergency Assistance Application
with one of the designated consumer credit counseling agencies
lieted above. An application for assistance may only be obtained
from a consumer credit counseling agency. The consumer credit
counseling agency will assist you in filling out your application
and will submit your completed application to the Pennsylvania
Housing Financing Agency. "Your application must be filed or
postmarked, within thirty (30) days of your face-to-face meeting.
It is extremely important that you file your application
promptly. If you do not do so, or if you do not follow the other
time periods set forth in this letter, foreclosure may proceed
against your home immediately and you will forfeit your eligibil-
ity for assistance."
Available funds for emergency mortgage assistance are very
limited. They will be disbursed by the Agency under the eligi-
bility criteria established by the Act.
,
TRUE AND CORRECT COpy
TRUST
IMPORTANT I NOTICB OF HOMEOWNBRS'
EMBRGBNCY MORTGAGE ASSISTANCE ACT OF 1983
PLEASE READ TillS NOTICE YOU MAY BE ELIGIBLE FOR
FINANCIAL ASSISTANCE TOWARD VOUR MORTGAGE PAYMENTS
RE: Account *24-99647
$42,600.00 Note dated March 1, 1991
TO: Kathy L. Frere
662 Walnut Bottom Road
Shippensburg, PA 17257
FROM:
Farmers & Merchants Trust Company
P.O. Box "T"
150 Lincoln Way East
Chambersburg, PA 17201
DATE:
July 5, 1994
"Your mortgage is in serious default" because you have
failed to pay promptly installments of principal and interest, as
required, for a period of at least sixty (60) days. The total
amount of the delinquency is $1,098.12. That sum includes the
following: monthly payments of $349.95 each for the months of
May, June and July, 1994, plus accrued late charges in the amount
of $46.27. The interest per diem is $6.87.
"You may be eligible for financial assistance that will
prevent foreclosure" on your mortgage if you comply with the
provisions of the Homeowners' Emergency Mortgage Assistance Act
of 1963 (the "Act"). You may be eligible for emergency temporary
assistance if your default has been caused by circumstances
beyond your control, and if you meet the eligibility requirement
of the Act as determined by the Pennsylvania Housing finance
Agency. "Please read all of this Notice, It contains an
explanation of your rights",
Under the Act, you are entitled to a temporary stay of
foreclosure on your mortgage for thirty (30) days from the date
of this Notice. During that time you must arrange and attend a
"face-to-face" meeting with a representative of this lender, or
with a designated consumer credit counseling agency, The purpose
of this meeting is to attempt to work out a repayment plan, or to
otherwise settle your delinquency. This meeting must occur in
the next thirty (30) days.
FARMERS & MERCHANTS TRUST COMPANY
P,O, Box "T", CHAMBERSBURG, PA 17201.0819. FAX 717-264-3415
C1/</llIlu'rsb/lrlI . 21i1-(j Illi M(/r/oll . ."I i".'j,;J;JOIJ W(/YIII'.~I)f)m . i"li;J,;J188
Page 5 (cont.)
WARREN-FOREST COUNTIES ECONOMIC OPPORTUNITV COUNCIL
1209 Pennsylvania Avenue, West
P.O. Box 547
Warren, PA 16365
(814) 726-2400
FAX. (814) 723-0510
Doris Swan
Forest & Warren counties
YMCA OF CARLISLE
301 G. Street
Carlisle, PA 17013
(717) 243-3818
FAX t (717) 243-3948
Pamela Line
Cumberland, Franklin and Perry counties
It is only necessary to schedule one face-to-face meeting.
You should advise this lender immediately of your intentions.
If you have tried and are unable to resolve this problem at
or after your face-to-face meeting, you have the right to apply
for financial assistance from the Homeowners' Emergency Mortgage
Assistance Fund. In order to do this, you must fill out, sign
and file a completed Homeowners' Emergency Assistance Application
with one of the designated consumer credit counseling agencies
listed above. An application for assistance may only be obtained
from a consumer credit counseling agency. The consumer credit
counseling agency will assist you in filling out your application
and will submit your completed application to the Pennsylvania
Housing Financing Agency. "Your application must be filed or
postmarked, within thirty (30) days of your face-to-face meeting.
It is extremely important that you file your application
pr.omptly. If you do not do so, or if you do not follow the other
time periods set forth in this letter, foreclosure may proceed
against your home immediately and you will forfeit your eligibil-
ity for assistance."
Available funds for emergency mortgage assistance are very
limited. They will be disbursed by the Agency under the eligi-
bility criteria established by the Act.
Page 2 (cont.)
If full payment of the amount in default is not made within
THIRTY (30) DAYS, then, subject to any additional rights you may
have under the Homeowner's Emergency Mortgage Assistance Program,
the Lender may also instruct its a~torneys to start a lawsuit to
foreclose vour mortaaaed property. If the mortqaae is fore-
closed. your mortaaqed propertv w,ijl be sold by the Sher.iff to
pav off the mortaaae debt.
You will have the right to assert in any foreclosure pro-
ceeding the non-existence of a default or any other defense that
you may have to acceleration or foreclosure. If the Lender
refers your case to its attorneys, but you cure the default
before they begin legal proceedings, you will still have to pay
the reasonable attorney's fees, actually incurred, up to $50.00,
in order to cure the default. However, if legal proceedings are
started, in order to cure the default you will have to pay the
reasonable attorney's fees, actually incurred, even if they are
over $50.00, and you may also be required to pay the Lender's
reasonable costs. If yOU cure the default within the thirtv-dav
Qeriod, vou will not be required to pav attornev's fees,
If you have not cured the default within the thirty-day
period and foreclosure proceedings have begun, ~u still have the
riaht to cure the default and prevent the sale at anv time UP to
one hour before the Sheriff's foreclosure sale, You mav do so bv
pavina the total~unt of overdue pavments plus anv late or
other charqes then due, as well as the reasonable attorneys' fees
and costs connected with the foreclosure sale. and performing any
other requirements under the mortgage. It is estimated that the
earliest date that such a Sheriff's sale could be held would be
approximately December, 1994. A notice of the date of the
Sheriff's sale will be sent to you before the sale. Of course,
the amount needed to cure the default will increase the longer
you wait. You may find out at any time exactly what the required
payment will be by calling the Lender at the following number:
717-261-3636. This payment must be in cash, cashier's check,
certified check or money order and must be made payable to the
Lender at the Lender's address stated above.
You should realize that a Sheriff's sale will end your
ownership of the mortgaged property and your right to remain in
it. If you continue to live in the property after the Sheriff's
sale, a lawsuit could be started to evict you.
You have additional rights to help protect your interest in
the property. YOU HAVE THE RIGHT TO SELL THE PROPERTY TO OBTAIN
MONEY TO PAY OFF THE MORTGAGE DEBT, OR TO BORROW MONEY FROM
ANOTHER LENDING INSTITUTION TO PAY OFF TilE DEBT, OR TO BORROW
MONEY FROM ANOTHER LENDING INSTITUTION '1'0 PAY OFF THIS DEBT.
CONTACT THE LENDER TO DETERMINE WHETHER OR NOT A BUYER OR TRANS-
FEREE MAY BE ALLOWED TO ASSUME TilE MORTGAGE DEBT,
TRUE AND CORRECT COPY
TRUST
,1uly 5, 1994
Kathy L. Frere
662 Walnut Bottom Road
Shippeneburg, PA 17257
RE: Notice of IntE!l)J;ion to Foro<.;.lose Mortqage: Farmers and
Merchants Trust Company of Chambersburq
Account No. 24 99847
Note dated March 1, 1991
Jeffrev M. Frere and Kathy L. Frere
Dear Mrs, Frere:
The MORTGAGE held by Farmers & Merchants Trust Company
(hereinafter "the Lender") on your property located at 662 Walunt
Bottom Road, Shippensburg, PA 17257, IS IN SERIOUS DEFAULT
because vou have not made the mont~lv pavment(s) of $349.95
(each) for the month(s.Lof May, June and July. 1994. Vou owe an
additional amount of $0 due to one or more partial payments in
the past. Late charges have also accrued to this date in the
amount of $48.27. The total amount required to cure this default
as of the date of this letter is $1,098.12,
You may cure this default within THIRTY (30) DAYS of the
date of this letter, bv oayino to the Lender the above amount of
$1.098.12, olus anv additional amounts which may fall due durinG
this oeriod, Such payment must be made either by cash, cashier's
check, certified check or money order, and made at Farmers &
Merchants Trust Company of Chambersburg, P,Q. Box "T", 20 South
Main Street, Chambersburg, PA 17201.
If you do not cure the default within 'rHIRTY (30) DAYS the
lender intends to exercise its riqht to accelerate the mortoaoe
oavments. subject to any additional rights you may have under the
Homeowners' Emergency Mortgage Assistance Program, This means
that whatever is owing on the original amount borrowed will be
considered due immediately and you may lose the chance to payoff
the original mortgage in monthly installments,
FARMERS & MERCHANTS TRUST COMPANY
P,O, Box "T", CHAMBERSBURG, PA 17201-0819. FAX 717-264-3415
C1wl/lhers/Jl/r!l . ;!/i,UiI IIi Mar/oil. .'Ii'S,:!:!()() Wa}'lIe,I/)Om. i'1i:!,:!/8X
Page 2 (cont.)
If full payment of the amount in default is not made within
THIRTY (30) DAYS, then, subject to any additional rights you may
have under the Homeowner's Elnergency Mortgage Assistance Program,
the Lender mav also instruct its attorneys to start a lawsuit to
foreclose your mortaaaed pro~orty. If the mortgaae is fore~
closed, vour mortaaaed property. will be sold by the Sheriff to
payoff the mortaaae debt.
You will have the right to assert in any foreclosure pro-
ceeding the non-existence of a default or any other defense that
you may have to acceleration cr foreclosure. If the Lender
refers your case to its attorneys, but you cure the default
before they begin legal proceedings, you will still have to pay
the reasonable attorney's fees, actually incurred, up to $50.00,
in order to cure the default. However, if legal proceedings are
started, in order to cure the default you will have to pay the
reasonable attorney's fees, actually incurred, even if they are
over $50.00, and you may also be required to pay the Lender's
reasonable costs. If vou cure the default within the thirtv-dav
period, you will not be reauired to pay attornev's fees.
If you have not cured the default within the thirty-day
period and foreclosure proceedings have begun, vou still have the
riaht to cure the default and prevent the sale at any time up to
one hour before the sheriff's foreclosure sale. You mav do so bv
pavina the total amount of overdue pavments plus anv late or
other charaes then due, as well as the reasonable attornevs' fees
and costs connected wlth the foreclosure sale, and performing any
other requirements under the mortgage. It is estimated that the
earliest date that such a Sheriff's sale could be held would be
approximately December, 1994. A notice of the date of the
Sheriff's sale will be sent to you before the sale. Of course,
the amount needed to cure the default will increase the longer
you wait, You may find out at any time exactly what the required
payment will be by calling the Lender at the following number:
717-261-3636. This payment must be in cash, cashier's check,
certified check or money order and must be made payable to the
Lender at the Lender's address stated above,
You should realize that a Sheriff's sale will end your
ownership of the mortgaged property and your right to remain in
it. If you continue to live in the property after the Sheriff's
sale, a lawsuit could be started to evict you,
You have additional rights to help protect your interest in
the property, YOU HAVE THE RIGHT TO SELL THE PROPERTY TO OBTAIN
MONEV TO PAY OFF THE MORTGAGE DEBT, OR TO BORROW MONEY FROM
ANOTHER LENDING INSTITUTION TO PAY OFF THE DEBT, OR TO BORROW
MONEY FROM ANOTHER LENDING INS'rITUTION TO PAY OFF THIS DEBT.
CONTACT THE LENDER TO DETERMINE WIIETIIER OR NOT A BUYER OR TRANS-
FEREE MAY BE ALLOWED TO ASSUME TilE MORTGAGE DEBT,
.
.
VIlRIPICATION
Sandra G. Small, ltAJI~ Vice pre.ident, and duly
authorized repre.entative ot Farmer. , Merchant:. Tru.t Company ot
Chamber.burq, deposes and says ,ubject to the penaltie. ot 18 Pa.
C.S. '4904 relatinq to unsworn tal.ification to authoritie. that
the tact. ..t torth in the toreqoinq Complaint in Mortqage
Foreclo.ure are true and correct to her intormation and beliet.
- VJHc/A(},/IJJ/d/
Sandra G. Small
~.~ Vice pre.ident