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<br />83--. 003641
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />1. PaymcDtof Principal and Interest. Borrower shaH promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage,
<br />2. Funds .for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Under on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over thlS
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of vearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, alias reasonably estimated initially and from'
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereoL
<br />The Funds shall be held in an institUlion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution) . Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents, Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling sa.id assessments and bills. unless Lender pays Borrower interest on the Funds and applicable la~'
<br />permits Lender to make such :1 charge. Borrower and Lender [nay agree in writing at the time of execution of thIS
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires sueh interest to be paid, Lender shall not he required to pay Borrower any interest or eaming~ on the Funds, Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made, The Funds an:, rledged as additional security for tbe sums secured
<br />by this Mortgage,
<br />If the amount of the Funds he:ld by Lemkr, together with th,~ futme rnol11hl~' If1swllments of Funds payable prior to
<br />the due dates ()f taxes, assessments, insurance rremiums and ground rents. shall exceed the amount required to pay said taxes,
<br />assessments, insuranee premiums and ground rents as they fall due, such excess shall he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthlv installments (1f Funds, If the amount of the Funds
<br />held by Lcndt:r shall not be suflicient to pay taxes, assessments, i;lsurance premltlms and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount m:eessar) to makc !lp lhe lkfklcney within :10 days from the date notice is mailed
<br />by Lender to :Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by Ibis /lIon!!"ge, Lender shall rromp!ly refund to Borrower any Funds
<br />held by Lender, If under paragraph 18 hereof the ProperlY" ,<lid or tn,' Prope.nv IS otherwise aeql11red by Lender, Lemler
<br />shall apply, no later than immediately prior to the sa!.c .,t' the Prorer1y or ils acqUlsnion by Lender, any Funds held by
<br />Lender at the time of application as a ('fedit agaltlst the 'urns secured by tillS Mortgage.
<br />3. Applicsltion of Payments. t1nless apphcable law pr'''ldes <Hilaw!,e, ~lll pavments received by lender under the
<br />Note and para.graphs I and:: hereof shall be applied b\ lCIH.kr tiN In pa\lllCllt (II amOll!llS payable to Lender by B()rrower
<br />under paragraph:: hereof, then to 1l11erest payable ,'n the "Ole, Ihc~ll i,\ Ihe pnncipal 01 the Not(~, ;ll1d then to interest and
<br />pnncipal on any FutUlrc Advanees,
<br />... Chaq:el.: Liens. B,'rrower shall pay ,di 1;<\e" :""'''I11'~lltS "nd "ther ch:Ht~C', tin.:s :md Impositions atlflblltable to
<br />the Propel1y which may a!tain a ,mority over thl' Mongage, :\lid lea,dH'ld p:.lymenls I'r ground rcnts, if ilny, in the manner
<br />provided lUluer p.lfugraph :! hereof ,1r.. if Ill)t pall] HI sllch 111:11111<:1. Il\ [J,\[nmcr maKlIlg pavmcnl. when due, ,.lJreetly to the
<br />payee thereof. Borrower ~hall promptly fllfll"h hl Lender :dlll<JlI<.:es ,>I ;;m\llllllS dll<' tmdcr tll" paragraph, :md in the event
<br />Borrower ~h"ll make payment dIrectly, B,"'l'>\",:r ,hail i'lI'llll'lly Illllli',it 1\) I,.:ndl'r r<.:<.:eipl' ('vldenc'll1g sudl p.ly'ments,
<br />Borrower shall promplly disd'l;lrgt. ;IllY lien \,11,,'1; has I'r"'1I1\ <"er I!H' ,\I<lllga,le: [\r<lvI<kd, lhal B,.rrower ,hall [1\>1 be
<br />reqUIred 10 discharge any ,u.:h hen "I long ,I' Bonll,',cl ,hall ,j!!"'" i1\>' "111\~ 1,\ the paymellt (\1 the tlbhgalj(\lI 'ecured bv
<br />such hen 1n;1 milliner acceptable 10 Lender. ,'I' ,h;lii III g,.,,,l J.luh (('1\1,"1 ,u(h he'll by>, nr deknd l'nl.\l'\:emellt ,\1 such lIen Ill,
<br />leglll pnx:<.-edmg, which ,)per;lle hl prevent lht: l'nlor<.:emenl ,'1 Ih,' "I IOlkll\lle ..If the ['n\pen\' (\1 ,'11)' pan tlwle"f
<br />S. Hazard Insurance, Bon'l\~er sh.lli keep 1111' Impn"Cl11ellh ."", ,'>,!SlIng <.>1 hele:dll'r t'le,'!cd ,'II th.: PI"!.'cny HlSUfcd
<br />agamst 10" by fiire, hazards Ill\:ludl'u \\nllUl lhe leflll "c'I.I<.'mkd ""'" "g\" .!lhl "lh;1l "llwI i,'lzard, :1, lelldl'l llUy requll\"
<br />an~t In SlH.:h ~Hnounts .anJ 1\.lt' ">\.h,:.11 PCfh..)(J.,; ~h I cnd..:r IlLt}' h,,'l,.PjHf.:; ;\I"\l\h,'d. l!lat i,\'ndi.'r ,hall out r~qu{r~~ that lh\.:' drU\)UIH of
<br />:'\Udrl t.:()\:Cl;lgt.~ e~~":ct~d thai. :~UUoUJ'Jt \It ",'\)'0'\:1 ~~gc fl':4liih:11 h"l pjt\ th{,:' '~qHh U!'t,.'J h~ Ill!" l\t~)t'I~ag~,
<br />The ll'lsurallce carrier pl\l,idlllg Ii'll' Hhur:mce ,h;rl, l1e <.:huscD hi ll.lll<\\\Cl ",h)eet 1<' aPP'tlV,lI b~ lender: pnwlded,
<br />thai such appnwal ,hall rlOl hl' iijlre,hollilbly \\.ithhcld. :\11 prelllWl1lS .'ll Ill,ur:..".: polIues ,hall be !';lid III the m;l1lller
<br />prOVided under paragraph:! her':,'l or. It mH paid in ,ucll 11l:t1111<:l by B<HIII\\CI makrn~ p;ryment, when dne, directly ti> the
<br />ioStlrll.n'e camicI.
<br />All insur:a.n~:c policies: and rcn'Cw~*b tht;r~..\t sn;ih he ill f..)rnl .h..:":'':pi;thk~ h} r _l.tld~f ,lllJ sh~tll I:J(:llldl.: .! q~lfld~U'd l1'H'jngagc
<br />~Iause in fa\'lH of anu in forn) .h:..:~ptablc h.l Lender. I.cnlkf "hdH hal,~ thl.' nghi t\l nuid :tit: p,tll":H':' .tnJ f~:tl~wal.... thcr~(\L
<br />and &rrower sh;lll prvmptly filfll1sh to Lendel ilil l'l.'ncv.,d noll\,:n ,,1111 ,,/I le,'el!'t' III 1';liJ I'lemitllll'. In the e\elll of I("s,
<br />Borrower :"!oh~H give proIllpl nl.)u\.~c I,) the iaSUJ;dh,:lo..' ~~tfri\"f :10....i J r,.;'lh.kr. i ,Clh.k'l rn.,! rn~,~t:' pH..,h,)f 01 loss lJ Il\)t nU.tlc pr\J1nptl)
<br />by Borrower.
<br />Unless Lt::ndcr and Borrower 'othc~i;\~ ~tgrc~ in '.\rlllJlg. in~UI~llh.T prl..h.:t>..:d, SIi~1H b1,.~ ~q)plied iO rt;~'l()rl.tlil)n \'f rcpa!! ,,1'
<br />the Property damaged, pr~\vl(jed such restorati'lll ,'I n~p'm I, CC'''l''I1ll<:.tlly IC;!Slbk and lhe ,e,:ulity of thl' j'vlongage i,
<br />nOl thcreby impaired, fi su~'h restoratloll or rep;m 110.1[ t'<XIIl(\l1llL':dll 1\:",il>le 1)1 It the S~~Ullly <'[ thiS Mongage would
<br />be impaired, t!he insul'am:e proceeds shail be applle<.! '0 the sums 'CCUl.:tI hy thi, Mortgage, ',' .Ib th~ exec,s, if ;lny, paid
<br />to BOI"r()\\'cr, H the Pri..)pcny is ab~U1(.h.H'leJ h~ Bonl.'I\,\"CC ~,'r d BorrnWt.:'f .t~llb (d re~~p()nd hl I.~nd~r within )() days tnHn the
<br />date notice is mailed by Lender to Borrower Ihal the mSUr;1I1~C C.IlTIICt ,.'Iicr, hl scHIc ;J ,iaml for [n,uranc" ocndit" Lender
<br />is authonzed to colle'l and apply the lIlsur'\l1\:e prtlcecd, :It Lendcr', optIon ~'Ither to restoration or rep;m ()[ the Propeny
<br />or to the sums s~~cured by this Mortgage,
<br />Unless L~'nder and Borrower otherv>lsc agle.: Iii ..vritmg. ;II1y ,u<.:h appli~alion ,.f pr,xeed, to pnllClp:t1 ,11:l11 not extend
<br />or postpone the due date ot the monthly in~taUmcnl' rdened It' in paragraphs i and::: heretlf or .:hangc tbe amount of
<br />stlch installments. If under paragraph 11> hereof the Propcrty IS aCljlllrcd hy Lender. ;dl fight., titlc and interest of Borrower
<br />in and to any insuran:;:e policies and in and to the procec'ds thereof resulring from damagc tn thc Propeny prior to the ,aie
<br />or acquisition shaH P;lSS to Lender !O the extcnt of the Sl1l11, ,ecured by thi>\lortgage Imnlediatdy pflor iLl sLlch sale or
<br />acquisition,
<br />6. Presel'\'lltionand Maintenanl'c or Properly: Lt'llseholds; Condominiums: Planlled t;nit L.evclopmcllts. Borrower
<br />shall keep the Property in good repair and shaH not ~0mmjl "'<lstt: or permit impairment Dr deterioration of tbe Pwperty
<br />and shalt comply with. ihe provisions of any iease :f tblS I', on a leaschold, if ,his Mortgage js on :l unit in ;1
<br />eondominium (H' a planned ullit devclopmcnI., Borrower shall all ()! BOff"wer's under the ded;Ji'atj(}1J
<br />or cov.enants (;teating or governin,,g the i,;onoornzniurn or plann~d unit dcvcl(lfHl1cnt, ::he and regulation~ of the
<br />unit ,deveJ.opm-cnt~ Lind constituent docUrneni\. if ~l, conJorniniuill ot planned unit dt:v~loplllcnt
<br />and recorded together w'ih 1hL' J\{oItgage, the covenants and of sueh nJer
<br />i.nto an,d. shall arnend- awJ, supplcincl,lt the co\'cnarHs and agrccr.ni.::n.rs of rh..is a~ if the rider
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<br />Lender's Security, If Borrower f;llh to
<br />or proc:el,;ding 1~ commellced
<br />eminem domlclin, ins()!venq', ..:ode en!orcel11em., N
<br />~H L.tL1,de(l:$ op-ti()n~ n(.tt~:~,~ to I.h)rro\\'l.:l'
<br />as i.s "n:ec~s5}ary to (~l:)d(~r~~ int\~H:~t.
<br />tces and emf)' thr: 10 Illllk.: rr:p;;il ",
<br />th~ k,}an -~ccurct"i ~hi&; BorrO\"'(,:f shaH
<br />such :!s the !juch nhtHJ"n(:(~
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<br />cl\ntain(~d in this
<br />rfltcr\:'s~ in ~hc
<br />pro\.:eedings -n
<br />disbtJr':,c 'Udl
<br />t()~ disbursetnent
<br />n~su,nHH,:e -~t
<br />t() rnaintain ~ul..~h
<br />~H';'l,.'t'\xdarh:~~ \vi~h Ih,j'j'-:...;wt:-f\ Jnd
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