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<br />UNIFOaM CoVENANTS. Borrower and lender covenanl and agree as follows:
<br />1. ...,..... of I'rtBdplII ... I_rat, Borrower shall promptly pay when due Ihe principal of and interesl on the
<br />indcbtcdneH evidenced by the Note, prepayment and late charges as provided in the NOle. and the principal of and interesl
<br />on any Future Advances secured by Ihis Mortgage.
<br />l. ..... for T_'" I_e. Subject to applicable law or to a wrillen waiver by Lender. Borrower shall pay
<br />10 Lender on the day monthly installments of principal and interesi are payable IInder the Note. until the Note is paid in full.
<br />a fUIft (herein "Funds'') equal to one-twelfth of lhe yearly ta'e5 and assessments which may allain priority over this
<br />MortNe, and llround rents on the Property. if any. plus one-lwelfth of yearly premium installmenls for haz.ard insurance.
<br />p1Ul1 oae-twelfth of yearly premium installments for mortpge insurance. if any. all as reasonably estimated initially and from
<br />time 10 lime by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an illstituticon the deposits or accounls of which are insured or guaranteed by a Federal or
<br />state lIJCDCy (includinl Lender if lender is such an inslitution). lender ,hall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may nO! charge for so holding and applying the Funds. analyzing said account.
<br />or verifyinll and compiling said assessments and bills, unless Lender pay, Borrower interest on the Funds and applicable Jaw
<br />pennies Lender 10 make such a charge. Borrower and Lender may agree in writing at lhe time of execution of this
<br />Mortaaae that interest on lhe Funds shall be paid to Borrower. and IInless such agreement is made or applicable law
<br />requira such inlerat to be paid, Lender shall DOt be required to pay Borrower any interest or earninp On the Funds. Lender
<br />shall give 10 Borrower. without charge. an annual accountmg of the Funds showing credits and debils 10 the Funds and the
<br />purpclIe for which each debil 10 lhe Funds was made. The Fllnds are pledged as addilional securily for the sums HCured
<br />by this Mortaaae.
<br />If the amount of the Funds held by Lender. together with Ihe fUlure monthly installments of Funds payable prior to
<br />the due dales of Ia.les, assessments. insurance premiums and ground rents. shall exceed the amount required 10 pay said tUelI.
<br />.-nenls. insurance premiums and ground rents as Ihey fall due. such exc",," shall be. at Borrower's option, either
<br />promptly repaid 10 Borrower or crediled 10 Borrower on monlhly installments of Funds. If the amount of the Funds
<br />held by Lender shall DOl be sufficient to pay taxes. assessments. ,"surance premiums and ground renls as they fan due.
<br />Borrower shall pay to Lender any amounl necessary 10 make lip the deficiency within 30 days from lhe date notice is mailed
<br />by Lcuder to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by IhlS Mortgage, Lender shall promptly refund 10 Borrowt'r uy Funds
<br />held by Lender. If under parallraph 18 hereof the Property" sold or the Property IS otherwise acquired by Lender. Lender
<br />shall apply, nO later than immedialely prior 10 lhe sale of the Propeny or ils acquisition by Lender, any Funds held by
<br />Leader al the time of application as a credit againsl lhe sum. secured by this Monpge.
<br />..t. ~ 01 ...,-.... unies5 appiicaoic is... pH,,'i~ ~~:n.;I"'~-:'. .:: ...;;;...:3.---: re:-.:r*e4 ~ !..:aur :H;;Mrtl;:
<br />Note and para.raphs 1 and 2 hereof shall be applied by Lender fint '" payment of amounts payable to Lender by IJorroww
<br />under paraaraph 2 hereof, then 10 inlerest payable on the Note. tben 10 lhe principal of the Note, and then to intcrat &ad
<br />principal on any Future Advances.
<br />4. C1IIrpa; LInI. Borrower ,hall pay all laxes. ar.sessmenl5 and other charces. fines and i~ionI attributable to
<br />lhe Property which may attain II priorily over this Mortgage. and leasehold paymems or pound rents. if any, in the _
<br />provided under par.....ph 2 hereof or. If not paid in such manner. by Borrower makine ~, when due, directly 10 tile
<br />payee lhereof. Borrower shall promptly furnish 10 lender all notICeS of amouncs due uDder this perasraph. and 10 tile ...m
<br />Borrower shall make paymenl directly. Borrower shall pr(>fDptl)' lurnish 10 lAnder n:ceipts evideftciaa such ,.~
<br />Borrower shall promptly discharge U1Y lien which has priority over this Monpge; prov;ded, IhaI Borrower shall not be
<br />required to discharp any such hen so long as Borrower shall agree In wrill'" to me par- of the obIitatioo secuNd by
<br />such lien in a manner acceptable to Lender, or ,hall in Jood failh conlnt such lien by. or defend enfORelMftt of suchlilll in,
<br />1cllal proceedinp whi<:h operale 10 prevenl the enft'n:ement of the hen or forfCllure of lhe Propcny or any pan thereof,
<br />5. ...... 1__. Borrower shall keep the Impmvcmenls At'... e....m, "" henlaflCl' wec:lCd on the Profert}' iMDNd
<br />againat loss by fIR. hazards included w..hln lbe term "e.tended cover~". and such".... "-'II as lAacIcr may require
<br />and in such amounlS and for such perIOds a. Lender may require; provided. I"" Lender sMh not l'.rc thai me IIIltOUftt of
<br />'MCh c(lV~" exceed Ihal amount ni cover~ reqUired 10 pay tbe sum> .e<;ured by tlm MOftIlIIC.
<br />11Ic I_ranee carrier provicIin, lhe inMlram-e .hall be chmcn by BorrOM:r "ubjoct to llJIIIfOftI by I..en*r: pnmded.
<br />dial. 'Yeh approval shtlll not be UIlTUliOOably withheld. All premtums on insurance poticies shtlll be pUI in the _
<br />provMl>. '<t UIIldcr peraaraph 2 hcfeof or. .f not paid in such _ACr. by Borrowec melt... ~ when .... dinlCtly 10 tile
<br />;-.' carrier.
<br />Ail inwrance pOOc_ JUKi l'CRC.'wal. thereol shall be m form acceptable 10 Lender &ad .. include a SlaadtmI -.....
<br />c'- In favor of and in form KccptabIc 10 Lender. Lender shall have the rilm to hoW the poIicia and I'eIlCWatI thInof.
<br />and IJorroww shall ~Iy fUfAith 10 Lender all renewal noti<<s and all receipb of pHI~. III the ...m of -.
<br />IIormwer shall pve prompt notICe 10 the lIlwrance earner and Lender. I..endu may make proof of &0. if not made prompdy
<br />by Borrower.
<br />U... ~ &ad Borrower otheIWIY agree in wrilins, inwrance proceeds IItaII be apptied to ratonIioa or ,.,... of
<br />lhe Property damapd, provided such restoration or repair is economi<:ally fClllible and lhe IIOCUrity 01 thil ...... ill
<br />not lllCnllty intpelred. If such ratcrllllOn or repair is not eCOIIOIIIically feasible or if the HCurity of dris ...... ......
<br />be impaired. the lMUrancc proceeds shall be appIiOO to the MItIU 5eCured by Ihis Mortpp. with 1M -. if any, pailS
<br />10 Borrower. It lhe 'roporty is abandofled by Borrower. or iF Borrower fails 10 ...pond to LetIder witIUa 30 .,.. f..- tile
<br />dale IICIticc is mailed by Lender 10 Borrower Ihal lhe insurance carrier ofTen 10 sett1c a chitn for i__ ........ LetIder
<br />is lltIItIIoriucI to l:OIlcc:t and a1'flly lbe imurancc pr-.da at Lender's optiOll either to ~ or ,.,... of .... .........
<br />or 10 tile _ set:UreCI by tI!it MOftI\IIIl.
<br />UtiJen under _ Borrower otherwise agree In wril..., any such application of proceeda to IHiMipaI tW not ......
<br />Of postpone the due date of the ,oo,..lIly in5lallmenls referred 10 in parqrapfts I &ad 2 hereof or c..,. the IIIltOUftt of
<br />MIdI imcallmencs. If UIIldcr (IlU'aIraph 111 hereof the Property is acquired by Lender, all ri..... tide and iolereat of aor-
<br />in and 10 any i_ policies and in and 10 lhe proc:ctldJ lhereof resultins from daml\tll 10 the Property prior 10 .... ....
<br />or ~tion $hall ... 10 lAnder 10 the otenl of lhe sums secured by Ihis MorllJlae immcdialtlly prior to luch sale or
<br />~ion.
<br />.. ~~llh.u'" M...._ of '....'1 r-lLlIltIa; C.......,I ILl ........ UIIIt 0.'....11".. aor-
<br />shall., lhe Propeny in Jood repair and shllll not commit waste or permil impairment or deteriorouioo of .... .........
<br />and 5IId c-.rfY will! lhe proviIionI 0{ any lcuc if Ihis MorllJlle is on a leasehold. If Ihis Mortpp is 011 a ooit 10 II
<br />cmndllminMmt or a pIannM unrl devclopmcat. Borrower shall perform 1111 of Borrower's obIilJltionl under the dec!aration
<br />or ~ creatms or IO'fCfnina tilt condominIUm or 1>1I1D1ml unil developmenl, the by-I_ and "'IIVfatloM of the
<br />c~ or planlMd unit devCllopll1Cnl, and ,nnstituen! dOCUmenlft. If a condominium or planned unit ~t
<br />rillef is _'*" by BorruwtIr and r<<of'lkd tupther wllh Ihl" Mortgaae. the covenanll and lIIfemtclltll of sudl. rider
<br />.rs.Il he I~ into and "II amend and .upplemeat lhe Cllvenanll and ..~nt. of this Morttap AI if the rider
<br />..... a pan hemIt,
<br />" ,...................... 8enortt,., If Borro,,'er fall. to perform the covenants and a.llreemen" ctmtainod in Ihis
<br />Monper, Of jf any lIICtion (If prOCCJed'''B .. commenced whi-ch mltelially IlI'oell tender's i"'-t in lhe Property,
<br />ifw~ 1M - IHmIcd ,.,. _iMAt .tome,", inROlvency, ,ode enfof\'emen!. Ilr IIrl'lllnaementl Of' p~lll" involving a
<br />"'fIAfI\ or ~t, lun l,tmdet at LNlder's option, upon nnti.-e t" BurroWer. may make such lI\lPMranca. disbune such
<br />- - 18' _,h adlotl .1 II ll<<~.a.ry 1(1 pmt<<l Lender', IOler ett , ",dudln'. but not limited In, dl~nt 0'
<br />,._n~ IIUOf'lMl"S '"11 .nd cnlfY upon lhe ProperlY to make 'q'.'" II lernkr r"'luired mof1ll11ll'l' int.Ullln..c U II
<br />,lIlnd",- of maklOlI 1M k""" _moo Ioy fhr. M"'tllll~. !tori"""''' ,hall flay the I'remlUfm '\'qlllred I" mainla," .uch
<br />--'" I" <if<<1 .....il ""''' lime .t lhe '''qlllremenl tor .u.:h m.urlll'lCe I"rmmlll" Jt\ I,,:cot'dancc wtth, Iof~'. IUld
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<br />SO ~1900- f'R r'HIt' ?
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