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� ��a � � I 77-. D0635 � Ut�m�aea[ CovnN�nrs. Borro�ver aed L4mder coveaan[ and a�roe as folbws : l. �q�e�t e[ t�l a�d I�NrMt. Borrowor �I+aJI P�'�Y P�Y wl�en due the prieeiQal of aad 'wt�cat an d�s indeblednors evidanoed by t6e NoQe, P�Y�t and tate char�s ac providod in the Ncte. aad tlfe priociprl af a�d inWe�t on aoy Fueur� Adv�noa sacured by t6is Mortisae. i F�i� !rr Tap� a�d 1�ce. Subjea w �ppiieab6e la� or to s written �vaiver by Lender. Borrowu rhall P�Y w 1.ead�r ou t6e �Y wontldY i�taHmeats of principai aed interact are payablo uader t!w ldote. until ti�e Note is paid io fulf. s q�nt (I�erein "Fund�'7 equa! to ooe-tw�Ktl� of the yearly taxea and as�ewnaia whieh msy attain priority ovor t6is ltort�e. and �round roab oa tl�e Property. if any. Nuc onetweltth of yeuly premium ioa4tlmonb tor hazard inwraaoe. Plus oeedwdFt6 0l Y�'�Y P� iartaNmenb for mortp{e insurance. if aoy. dl a rouoeably estimated iaitially aad fro�m tieae to time by+ I.ander on tlie b�ew of ntawneMt and biik and ro»onabk estimaW t6ereof. 17►e F�mds �hall bo 6eld iu an inttitutioe the deppiu or accounp of whicb are iirueed or ;usraetaed by a Federd or �ta�e a;auy (iaeludinY Lender if Lander is such an inseitution) • [.ender s6a11 spplY the Fuod� w psy caid tazes. auparneeb. �a�ur�ece Peaniu� and �rouad rents. Lender may not clur�e for so hotdias aad applyin` t6e Fundc, analyzins aaid accoueR or verityins and compilins said aweumeats and bills. unku Leader pryc Borrowcr intarcat on the Fueds aod appticaWe iav� petntib Leoder W make such a o6ar�e. Borrower and L.ender may a�ra in writiay at tbe time of ezecutioa of t6is Mo+'tp�e that int�at on the Funds shall be paid to Borrorver, and unless wc6 asreement ic made or applicabk law eeqNires ntci� inferott W be paid, Lender shall not be requirod to pay Sorcower any interat or earnioss on the Fuads. La�der ahall pve to Borrower. witlwut char�e. an annual accountin� of the Funds chowinQ credits and debiu to the Futd� aod the purpase for w6ich euh deblt to the Funds wae made. 'Tbe Funds are pled�ed ac additioaal cxurity for the su�ra �ecuned by t6ie Mortp�e. If t6e amount of the Funds hWd by Lender, to�ether with the future monthly instatlmenq of Fund� payable prior to the due dates of hsa, aocaamesu. imurance premiums and �round renta. shall exceed the anwunt required to pay aaid taxes. a�re�entc, insuranee prea�iume and eround renu as they fall due, cuch excecs chall 6e, at Borrower's optbn, either pra�mptly repiid to Borrower or credited to Borrower on mon[hly installmenu of Funds. If tl�e amount of the Fund� hNd by l.eader chall not be tu�ciaot W pay tazes. a�esemenu, inaurance pnemiums and �rouod rems u thcy fall Que. Borrovar �6aU pay to Lender aey amount neceuary to make up the deRciency within 30 days from the date notice ic mail.d by l.eoder w Borrowor requatie�; pay�nt t6ereaf. , Upon payme� in full of all �um� �ecurod by this MonQa�e. Lender shall prompdy refued to Borrower aey Funda hetd by Lender. If utdar parasraph 18 heroof the Property is cold or the Propeny ic otherwiae acquieed by Lender, Lender er �6d! applY, no latar tlian immediately prior to the sale of the Prope�ty or its acQuiaition by L.ender. aaY Fuads beM by L.mder at t6e time of applicatioe ac a crodit a�ainst the wms secured by this Mortaaatee. ]. A�Ifea14� d raya�6. Unless applicable law provides otherwise. all paymenee receivod by 4e�der under tAe Note aed Para�r�pl�t 1 and 2 hereof ehaU be apptiod by Lender $rst in payment of amounb payabk to I.tnder by Borrower uoder panyrap6 2 hereof, t6ai to interest payrble on the Nae, then to the pr�cipal of H�e Noee, and then w ieierdt aed princip�l on any Future Advanoe�. j �• Ci�epr� IJer. Borrower shall pay all tazes, asceccmena and otlur chartes, flnec and impo�uiona sttributsble w f6e Propety �rhic6 msY attain a priority ovei this Mortsa�e. and leacehold paymeus or Reouod nets, if aoy. ia t6s aeeer E►eovided under puatraph 2 hereof or. if not paid in such manner, by Borrower malcin� ptymeet, WMen due, diror.Uy to tYe psyroe tiaeof. Bore+ower �hall pe�anptly fureish to Lender all notices of areouna due uedor tt�is para�rsph, aed 'm t6e aw�t Borrnwer a6a11 make payment dirocUy. Borrower sha11 pranptly fumich to i.ender raoeipa evideacinj auch pay�. ' Bore+owrr shall pro�ptlY di�c6ar�e aay lien which has priority over this Mo�tgsa�ee: prov�ded. thu Hwrowar �ail aot he � requirad to dirhar�e any such lien so bn� at Borrower chaii asree in u�ritia� to the payment of the obli�uion secwrod by wch 4ea io a �anuer acoeptable to l.ender, or shaU in saod faith contect wch lien by, ar defand onfonoaeent o# sucl� liee i+�. : � , ' bia� peocee�usc which oparate to preveni the cnforcement of the lien or forfei[urc of tlx Property or sny paR t�ereo[. � �. H�tr�i Y�eree. Hocrower ehall Iceep the improvements now exiuitu w l�ereafter erected oe the Property �nsured ( aNioK 10� by 1ke. 6aw�dr included withia the term "extended coveraae". aed euch otLer hsrards ac Lcadp� nuy requirc ; and �s auch amouats and for such periodc as Lender may requirc; pfovided. that Lender shall not roQuire that t1�e a+nount of � sua6 cov�ye ezceed tlut amouat of covera�e required to pay the sums secured by this d[ort`ase. � Tie iewr�ece c�rrier providie� the insurance c1�a1i be cho�en by Borrower aubj�t to approval by I.ender, providd, that naeh appto�al �hdl not be unreatonably withl+eld. Ali premiums on iuwrance policia cluU be paid in t6e ieaeex Pro^pded uod�r W+"�Leap6 2 heroof or. if na psid in cuch manner. bY Borrower malcinf PsYmmt. whee due. diroetly to tife f imuea�oe can�i�r. ; AM iswraeoe policiec aad renewab thereof ehall be in fom� receptable to Lender and sfiall include a cta�ard m�tsye [ dw�e i� fsvor af asd ia foem aeceptabk a Lender. Lender shall hyve the ris6t to hold tl�e policiec and rcnewale tl�ereof. 4 md �oemwer dull prwnpUy furai�h W Lender all rerrcwal noticec and atl roceipts of paid premiums. le the eveot of loaa, ; Hoerower ihatl �ve prompt ao[ice to the iasuranoe carrier and Lender. Lender may make proof of brc if not made promptly 4 br so.,+�. f Udar Leoder aad Boerower otherwise a;rce in writin�. insuranoe praceods chrll be applied to erstoaation or ropair of ; tbe PropeetY dama'ed, provided tuch rouoration or ropair ic aconomicaUy feacibk ud the tecurity of this Alort�ase is soe tbae�eby impa+rod. !f such rectavation or repair ia not economically feasible or �f t�e rxurity of M�s !lortsa'e wouW ; be ��irod. the inwraece proceeds shall be appli� to the wms secured by tbis Morya�c, with the excea. if any. paid t W Hort�ower. !f t6e Property ic �andoned by 8orrower, or if 8orrowa faik to rocpond w Lender witiin 30 daya from the �� d�te so�ioe is maiied by I.eodar w Borrwver that the inwranoe carrier oHerc to �ettk a claim for iocuraoce 6oneEitc. L,a►der ' u wK6orimd w oolbct aod a�ply t6e i�xuraece prooeedr at l.eoder's option eit6er w rostoruion or repair of tl+e Prnpaty oe b tie wme securod by this !�lott�ye. Ueles Leader aad iore�uwe: othezwire a�rae �n writin`. any cuch appliution of procaedt W priecipal chaN not extewd w' pwfpose the dne dare of fhe iowuAiy inwllments referced to in para�raphe I and 2 l+ereof or chu�e the se�ount of wei ia�qYn�om. lf uoder p�ra�raph 18 6eroof the Pro�ty is acquired by L.esder. alt ri�iu. tiHe aed interost of 6orrowu in md to any iawrarce policies �d ia aod to du proceode t�eroof resultin� from dama�e to the PropenY Priar to ihe cab or aoqui�itioa ohall pus W Leoder to the exteut of tl�e cumc cecured by t6ic Mort`xye immediauiy prior to suel� cak or � 4 ?nrrvalir ri MalM�rroe Yt lt'rµatY; l.Mr�Y�iic: (:��r: Pl�i li�it Dewi�eM�. iiurrower �h�U ks�p the ProQeety ia �ood repaic aod a1W1 aot coa�mit waete or permit impaira�ant or dduioratia� of the �'roperty ' a�d Wfr oa�pty wir� the pa�ovisioss of aey kuo if thic Mort�e ic on a Iea�d�oAd. If tf� l�lort�e ic on a unit in a ' caedos�inium or r planned uait develapmeat, Borrower shall pecform al! of Borrower's obly�ations under [he declrration � or oorewb ae� or �oveesie� t6e cnadomieiwe w planeed uait develop�ent, tfie by-la�vs and ro`wlations of the � oa�Aosieias or plrord u�it dsvelaga�e�st, aad cos�ud�t docwwe��s. If a oondomi�iu� or plaeeed unit devNopneM ' rirr i� ao�crMd ►y �oe'� aed reca+dsd �o�eU�er with duc l�o�ye. t6e covesaeb and a�e�eesa�tc of such rider s'� �YNI M iwea�pae�arA ieee rd +h�tl reaed awd tappb�sest tt+e coven�na aed a�eme�es of ri►is Alor�sje as ;f the ridv "t'� e ww a �t i�w[. 4"�r , ?. �eM d Iwd�� . ![ �oirow� fadc to perfote� !6e c:o�raeann aed �peemeed coenined in tfi�s lfait�rn, ot Y aq aedo� a peedredi� is oo�eaaed wl� �sueri�Yy alFects Lawder's ioleeon in tfie Faperty. �C�, �l11L oOt riY� e0. !r�l�t �Y�. 10�0�11l�C'Y. aOde m6Ofb�l�t. or arf�IbD10l�ft af pnOCYsWw�s imrelviws a �� -3`: � � �^ O[ �[. 1�100 �.l�Q $ �.�5 O�7LR0�, 17� �[tCE t0 �OffOMOf. 711i I1fi�C6 iUC� . '. Y appearaa�',ec. dicburcc cuch { al�t a�i !�� rCh �ctle� as � Noe�ey b pMuct L�wder'c iw�ppt, ied�is�. M�t �ot Iwieed io. di�6unew�eet of ; �Ml�l�b alYs�'s iMs a�/ e�by rpea t!e l�n�aty M �aite a�eMies. If i.ender requit�ed ma�taye incurance as a a� � eedfiliea of a!�lie� t!e le�a aeCised by tlds ![o�tp/e. � WuY P�Y � P� � to �aaieta+n w�ch iw�ew�we+ i� e�A�et nM�l suel* 1i+se a+ the reqni►enra+t !or snch inan»nce terminates in accorQance with Dornow•er's and �