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<br /> UNiFORAi COf&NAN7'S. B0170R'�t a11tI LCtltltlr�O�'�uai►! a�t►1 aLC�e u� f��il+�tt�t:
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<br /> 1. Payment of Princtpal and Intetest. Barmwcr shall promptly pay ��ficn duc ipal of anc! intcrest on the
<br /> � indebiedness evidenccd by thc Notc, prepayrn�nt and late chargcs ac provided ro the N he principN of and interest
<br /> on any Future Ad�ances secured by thi� Mortgage.
<br /> Z• �•d�fer'i'axa and i�uraece. St�b]ect to applicahle luw or to a written w: ,cnder. Borrawer shull pay
<br /> � to Lender un the day m�nlhly installments of principal and interrct are payable under tl �ntil the Notc is ppid in full,
<br /> a eum (herein "Furtd�") equul to one-t�vclfth of the y�carly �axes und osse.�.cments � y aitain priority aver this
<br /> MortgAgc,and ground rents on t�o I'roptny. if any. pluc one-t�vclfth of ycarly premiu tents far hAZard insurance,
<br /> � plus onrtwelfth of yearly premium instaUments for morigage insurance,if any,all as re estimated initiaUy and from
<br /> time to time by LeM3er oe�the basis of assessments aad hills and reasanable estimates �
<br /> 71�e Funds shall be held io an institution the deposits or uccounts uf which nre in ;uaranteed by a Federal or
<br /> state agency (i�cluding Lender if Lender is such an institution). Lender shall apply the pay said taaes,assessments,
<br /> insuraace premiums and ground rents. Lender may not charge for so holding r,nd applyi nds,analyzing sald account.
<br /> or verifying aad compiling said assessments and bills,unless Lender pays Borrowcr inte e Funds aad applicable law ,
<br /> � pern�its Lender to make such a cha�ge. Borrowe� aad Le�der may aGree in writir time of eaecution of this
<br /> � , Mart�age that interest on the Funds shall be paid to Borrower, and unless such aF is made or applicable law
<br /> requires auch interest to be paid.Lender shall not be required to pay Borrawer anp i�ter �ings on the Fuads. Lender
<br /> , shall give to Borrower,without charge,an annual accaunting of the Funds sho�•ing cre febits to the,Funds and the
<br /> purpose for which each debit to the Funds was made. The Funds are pledged as addi urity for the sums secured
<br /> by this Mortga�e.
<br /> If the amount of the Funds l�ld b5 I.ende�, tagether with the future m�nthly in� of Funds payablc prior ta .
<br /> the due dates of Iaxes,ussseasments,insurance premiums and ground rents,shaq exceed t t required to pay said taxes,
<br /> aasesunents. ineurance premiums and ground rents as they fall due, such e�cess sh Bonower's option. either
<br /> promptly repaid to Borrower or credited to Borrower on manthly installments of F the amount of the Funds
<br /> : held by I.ender shall not be sufficient ta pay taxes, assessments, insurancc premiums md rents as they fall due,
<br /> Horrower shall pay to Lender any amount necessary to make up the defiriency within 3� �m the date notice is mailed
<br /> , by Lender to Borrower requesting payment thereof.
<br /> Upon payraent in full of ull sums secured by this Mortgage, l.cnder shall pram �d to SorraKCr any Funds
<br /> held by Leader. If under paragraph 18 hereof the P�operty is sold or the Propeny� is o �cquired by Lender, Lender
<br /> � shall apply, no later than immediately prior to the sale of the Property or its acquisi .ender, aay Funds held by
<br /> ' Lender at the time of apglicatian as a credit against the sums secured by this I�9ortga�
<br /> 3. Applicstloo of PAyments. Unless applicable law pro�•idcs atherwise, all payr :ived by Lender under the
<br /> Note and paragraphs 1 and 2 hereof shall be applied by Lcndcr first in payment of amc ible to Lender by Borrawer .
<br /> under paragraph 2 hereof,then to interest payablc on the Notc, then to thc principal c e, and then ta interest and , �
<br /> principal on any Future Advances. .;..•;;:
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<br /> 3. a";6uges;L1tat. Horrower shalt pay a�t taxes, assestiments and othcr cAargcs. �mpositions attributable to � —�
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<br /> . . . - L� ls__'_.r" '.t•.�. a . .
<br /> - • wn ravpcuj�wau�u iu�y aiixin a privrii�vvcr ti�i�ivioi igagr.�nu iedacuvlu �nyiiici�t5 v: CBiltb, ; a��r, ;8 ..C .^..a�.:,C:
<br /> provided under paragraph 2 hercof ar,if not paid in such manner, by Borrower makin� t, when due. direcdS to the �`=
<br /> payee thereof. Borrower shall promptly fumish to Lender all notices of amounts due u paragraph, and in the event �'r,.,�
<br /> Barrower shaU make paym�nt directly. Barrower shpll promptly furnish to Lcnder evidencing such payments. , _
<br /> _ - -- autruwri 5h�tit ptOtlypily aii5a:11digE suy jicn wnicn ntts ptiorily over titis �13v;tgag.; p ,i�ut S�iruwC� sitaii ttoi �:. -
<br /> . required to discharge any such lien so long as Borrower shall agree in writeng to the p f the obligation secured by '
<br /> such liea in a manner acceptable to Lender,or shall in good faith contcst such lien by,o :nforcement of such llen in, �
<br /> ' legal procealings which operate to prevent thc enforcement of the licn or forfeiture � �perty or any part thereof.
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<br /> � 5. Hazard Insurance. Borrower shall keep thc improvements now existing or here ted on the Property insurcd
<br /> against loss by fire, hazards included within the term "extended coverage", and such a rds as Lender may require
<br /> and in such amotmu and for such periods as Lender may requirc;provided, that Lende� require that the amount of
<br /> such coverage exceed that amount of caverage required to pay the tiums secured by thi ;e.
<br /> The insurance carrier providing the insurance shall be chosen by Bor�ower subje roval by Lender; pravided.
<br /> thai such approval shall not be unreasonably withheld. AU premiums on insurance F all be paid in the manner
<br /> : provided under paragraph 2 hereof or,if not paid in such manner,by Borrower makin� �, when due, directly to the
<br /> • insurance carrier.
<br /> AU insurance policies and renewals thereof shall be in form acceptable to Lender a iclude a standard mortgage '�
<br /> clause in favor of and in form acceptable to Lender. Lender shall have the right to ha licies �nd renewals thereof.
<br /> and Borrower shall promptly furnish to Lender all renewal notices and all receipts of � iums. In the event of]oss. �:-:
<br /> Borrower shall give prompt notice to the insurance canier and Lender. Lender may mal �f loss if not made promptly : - -
<br /> by Bonower.
<br /> Unless Lender and Borrower otherwisc agree in writing, insurance proceeds shall 1 to restoration or repair of +
<br /> the Propetty damaged provided such restoration or repair is economically feasible a curity of this Mortgage is -
<br /> not thereby impairod. If such restoration or repair is not economically feasible or if ty of this Mortgage would
<br /> ; be impaired, the insurance proceeds shall be applied to the sums secured by this Mo; th the excess, if any, paid
<br /> • to Borrower. If the Property is abandoned by Borrawer, or if Borrower fails to respon� er within 30 days from the
<br /> � date aati¢e is maited hy L.ender to Borrower thai the insnrasce casricr offec�s sn sctile a insuraace benefits. I,ender
<br /> is authoriud to collect and apply the insurancc proceeds at Lendcr's option either to � i or repair of the Propeny
<br /> or to the sums secured by this Mortgage.
<br /> Unless Lender and Borrower aiherwise agree in writing, any such application of p � principal shall not extend
<br /> or postpone the due date of the monthly installments rcfcrred to in paragraphs 1 and or chan�e thc ar��ount of
<br /> such installments. If under paragraph 18 hereof the Property is acquired by Lender, al le and interest of Borrower
<br /> in and to any insurance policies and in and to the proceeds thereof resulting from dam : Property prior to thc sale
<br /> or acquisition shall pass to Lender to the extent of the sums secured by this Mortgag ately prior to such sale or
<br /> acquisition.
<br /> 6. Preservatbn aad Malntenance of PropeAy: Leaseholds; Condominiums: Plai ' De�•elopments, i3orrowcr ' - -
<br /> shall Oceep the Property in good repair and shall not commit waste or permit impairm �erioration of the Property �
<br /> and shall comply with the provisions of any lease if this Mortgagc is on a Icaschold. �artgage is on a unit iri a �
<br /> condominium or a planned unit development. 8orroµ•er shall perform all of Borrou,ei ions under the declaration �
<br /> or covenants creating or governing ihe condominium or planned unit dcvelopment. ws :�nd regulation� of thc
<br /> condominium or planned unit development, and constituent dxumcnt�. lf a condom planned unn de��cl�pment
<br /> rider is executed by Bortower and recorded tagCthcr with this Mortgagr., thc covcn agrecmcnt� i�f tiurh rider
<br /> L shal) be incorporated into and shall amend and tupplcment the covenants and agrcemc is Mortgagc as if thc ridcr
<br /> were a part hereof.
<br /> 7. Proterdon of LenQet's 5ecutity. !f Borrower fails to perfnrm the covcnant ecments conta�ned in thw
<br /> Mortgage, or if any acUOn or pracccd�ng i� commcnccd wMrh matcriallp :dfcctti �ntcrest in thc Prupert�. ti
<br /> ineluding, but not l�rnitec3 to. ert:tnen! domain. �n�t�lvency�. �tule enfc+rceme+it, e�r .:rran ,�r pr��ceed�n�;c uw��hm�; :e ��
<br /> , bankrupt ot JecedCm,�hen I.endcr at LenJer'.n�,t��m, up��n n�+l�ce tn Horn�µer. m�� m .�ppear.�n�e�. �ii.huru +uch �
<br /> surns artd take s�ch act�un :is �s ne2c.aary to pn�te�t !e��der'� mtcrect. in�ludinf�. t nute�i tc�. �b�huncnirni ��f �, „
<br /> rtasonablc attorncy'c fces nnd cntry u�scm thc !'r��perty tc� �nal.c rrpa��� It I cnJri mrn�;aFc m�urancc :�� .�
<br /> cuttdst�un i�f mak�nE thc lo�ui utwtc�l hL thn tilurlc�nec_ Hc�n„uct sh,ill �+.�t ihc {�� ry�ui�i� t�� tn.unle�i� ,i�.h
<br /> �mtuancc in cfTc�t uriUl �u�h Umc .r. th:• trquitcntcnt for tiu�l� �ncuran�c Sc�mu�.itc. an« ���th N�•,r�•ur:', .u�d
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