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<br />UNIPORM CoVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Paymeat of PrIndpld..... IDfeRSt. Borrower shall 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. ...... for T_ and 1_. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender 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 "Fund.") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any. plus (me-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or aecounts 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 accounl.
<br />or verifying and compiling said assessments and bills. unle.. Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may 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 such interest to be pajd~ Lender shall not be reqUired to pay Borrower any interest or earnings 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 are pledged as additional security for the sums seCured
<br />by this Mortgage.
<br />If the amount of tbe Funds held by Lender. together with the future monthly Installments of Funds payable prior to
<br />the due dates of taxes. assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />auessments. im-urance premiums and ground rents as they fall due. such excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly ",stallments of Funds. If the amount of the Funds
<br />held by Lender shaU not be sufficient to pay taxes. assessments, ins.urance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the defiCiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requestlOg payment tbereot.
<br />Upon payment in full of all sums secured by thIS Mongago. I.ender shall promptly refund to 1I0rrower any Funds
<br />held by Lender. It under paragraph 18 hereof the Property is sold or the Propeny IS otherwjo;c acqUIred by Lender, Lender
<br />shall apply, no later than immediately prior to the I.,ale or the Property \If its acquisition by lender. any Funds held by
<br />Lender at tbe time of application as. a <.:redi! agaJnsl [he sum:" ~ccured by th1S ~4ongage.
<br />3_ A.pplkatioa of Paymeets.. Unle.\s apphcabJe law proVl(jes otherwise. all payments received by L.ender under the
<br />NOle and paragraphs I and 2 hereof shall be apphed by Lender first In payment nf amounts payable to Lender by Borrower
<br />under parasraph 2 hereo-f. then to mterest payable on the N01C, then 10 the pnnC:Jpal of the Note, and then to interest and
<br />principal on any Future Advan""".
<br />4. (,~ Ueas. Borrower \haU pay ,ill t..lXt.."\. .l,~<;;sment~ ;.tnd other ("harge,~. fines and Impositions .tUnblllable to
<br />Lhe Property which may attain a prtority over thIS Mortgage, .lOd lea.osehold payments or ground rents. jf any, in the manner
<br />provided under paragraph 2 hereof (tf. If not pauj In ",uch manner, h,: UUlfowcr milking payment. when due. directly to the
<br />payee thereof. Borrower shall promptly furmsh to Lender aU H,ltKCS ~~t am(Hml" due under thi" paragraph, and in the event
<br />Borro\\o"Cf shalt make payment directly. Borrower ~hull pn.'1mptly tumt~h to Lenuer rc\:e.lpts evidencmg such payments.
<br />Borrower shall promptly disf;harge .any lien ~hh;h ha~ prH,)nty ovcr thIS Mortgage: pro~"lded. that Borrower ..hall not be
<br />required to dlscharge any ~uch lien ':>!.l long ~I~ BorrowCl ,halt "g.ree In \At f1tHllt; h} the payment \.\f 1 he ob.hgation ~e\;urcd by
<br />such lien in a manner acceptable t-o Lender. Of ~haU HI g~lt...u huh "':Olltt~~t "iuch hen by. or detend enforcement 01 such Hen In,
<br />legal Procecdinl' which operate: to ptc'f"'c:nt the cnfon.'elUcnt o( the ll\:"n \ir h,H'ieltuh.~ \)€ the ProperlY t)r any purt thereof.
<br />S~ H.......IIISUIa8e'e. Borrower !iha-II keep the fmprV\Cment!\ no\" n.l,lm.p; ,)1' hef~..d'ter erecteo un the Prop.erty IIls\Jfed
<br />agalD$t l~ by fire. h~ indudcd withtf\ tbe term ".:-\tenoed '-_l)Yt:ntgc" illlu su~h other haz;.tI'd~ .1\ Lender nlity require
<br />and in such amounts and for such peoods a~ Lender 11M)' I'e'tum:; p"'-l\ ideu. that Lender shall not reqUire thal the arnount \)f
<br />such co"'e-raae ex\."<<'d that amount {,~l co'tcragc: fC411lreO to p~1~ 111" "um:,. ..e\.'tltcd ~y Ih.tol MortKagc.
<br />The iO$u-nu~e carner providing the lfl.~UnUh;f; ~ha.il he .. h\J~~n hy RI;)rr\)~Cr '.;uoje\;l h-' appc\.<wal by 1 coder; pro'lJded.
<br />that such approval ~bkll not bee llOlea.svnably withheld. AU pH.:mH<m~ nn insuranct: pvhcu~-S. shaU he paid III the manner
<br />provided under paragraph 2 her~->> OT, If not p-4\tJ. in Mt~h mannc:r. hy B-Offo..,.,er nlikKlUg payment. when due. directly to the
<br />insurADCO ~arrict.
<br />All inwrance policies and renc-\\'ais. Ihcn-.;-ul s.h..ii Ix: In torm .ti':I,.-t:pl~lbk h' LClltkr ,mti ~hallliH.-.hidc .1 ...tuliJarJ mortgage
<br />clause in bvor of and m form a""_eptabl~ W Lender. L~tidC'r "holt! h~l""l.'- the right tQ h'-lJd the pu.}lCIt:,') ~ln'" rcncwah, thereuf.
<br />a.nd Bonower shalt pr\lmpdy furnii-h h."" Lendef aU renewal Ht.HH.:t'.:i ~.lnd <111 re\.~elp''''' of paid peen-uum:'>. In Ihe c\-c:nt of In~.
<br />'Borrower .\hall gIVe prompt notil;e to the lO~ut'aUt:e ~;.;Irrlel' .wd Lent.!([ _ Lender may 1I~~~e pro~}J 01' to>> 11 Oll{ m.u.h: promptly
<br />by Bnrrower.
<br />LJ~ Lender and Borrower othef"."~ agree in "flung, In-"Uf'd,lh.C pr...".l:ci.b, s.haH be- applied to rc~torati()n or repair of
<br />the Prope.ny daQl8,Jed.. provided such ~toratJ\1n Of n:pal[ IS c,:f,)l1om,,-:;.tiI)' k~uJbie anJ. the ,\OC\;urity of Ihls I\.'tongagc l~
<br />not thereby impaired, If su.;;h re->{Qntlon or repalf 1S fhJt l,,"cOtWffil4.:dHy f~-iiSlbie or If the secunty of' thiS Mortgage would
<br />be impiUred~ the insurance proceed'i .shall be applied hi the ~lU11-" sc~un:J by thiS Mortgage, I,f,.tth the c\.cc;;s, if any. paid
<br />to Borrower. If the Property 1S abandoned b~ &)rr\~wcl, <l{ 11 Bort(.wcr fad:) ll,) r\l~ponJ w .Lender wllhm 30 days. from the
<br />date notice is mailed by Lender to Borrower lhat the m~uran~-c ..::~rnt:.r (lfl"ef') 10 scule ~ dafln fo-r Htsurance benefits, Lender
<br />is autboril.ed to collect and apply the UlSur;wct;' pru.ceeds at l.ender \ L)ptiOn cuher to r~[OraHOn Of repair of the Property
<br />or IQ the sums secured by tbis Mortll.ge,
<br />Unless Lender and Bonow~t otherwise ...'iglet:- in \\outing. an} such applR.:alJon l..\f pH)4.'Ceds to pnnr..:ipal shaH not ~xtcnd
<br />Qf poslPOIlC the dU:e date of the montbly in~(aUme-nti referred !0 Hl paragraphs 1 and 2 hereof or l.;hangc the amuunl t,)f
<br />such inslallments. If uud<< para"aph 18 hereof the Prop.:rty I' acqUIred b~ Lenuu. all tight. Btle and iflterest 01 Borro".er
<br />in and to an)' insurance _policies and in and to the prOCt"eds thereof resulting from damage to the J>ropel1Y prior to the :'.aic
<br />or acquisition shall ~ to Lender to- the e).lem of the sum;\ $.ecureu by th-l:s- ~.h)("tgage immedtatciy prjor h) ;.,uch ~alc or
<br />acquisition.
<br />Ii. "-nation aacl Maiat_e of PTop<<ty; Leasebolds; Cundominiums; Planned Unil lk,elopmeol'i. Botro"<r
<br />shall keep_the Property in good repair and s.hall not commit Wastl; vr permit impairmem or deterioratIOn oJ the Prl)pcrty
<br />and shall comply with the provision;. 0{ any lease If lhiS MCHgagc Is' un J. leasehold. If thi~ .MQrlgAg~ i~ \,iJl ..l unit In .).
<br />~i~ or a planned unit devc-il"lpment. Borrower shall pert\nm ~U of Borrov.cc's ,Jhhgatu..H1s under the Jt..'da-fallOn
<br />or CO\'~tJ creatins: or goywning, the condominium or pl~nned t111it dcvclopmenr. the by-laws dntJ n:gllliltlons. \)f 1hc
<br />C~\Ull or planned, unit devclllpment. and constituent dOl:ument~, It a 1.:onJ",minium or pl.anocd Will de\'c!I.!pmcnt
<br />rtdCc_ is executed _ by Borrower .and f<<::orded lOiether WIth this ~il~rtgagc. the l..':O\'l'uant.s .md agreements (" I,u;,,;h nJ-er
<br />shtiIl be inc<nporaled iolO and shall amend and supplement the <ownants anu agreements of Ih" MOf18agc as d ,he thler
<br />~ca plIrt hereof,
<br />1. ~ of .......... s.c~. It' &rrower fails, 10 perform the I.'tWenams am.! :igH."emcnts (.~'nHHned Hl tht~
<br />:won,.. or. if any action Of proc1'edilli i.<:ommenccu which materially ,,(feets Letluer', !Oterc";;' in the PWlk'rty.
<br />~~ but not licn_.iled to. eminent domain, In~J"c.ncy, ,oqc enfor(:emcnI. ('if arrangements llr pn:);'x''CdI08~ .Involvlng ;~
<br />~pt,,~ -d~,. ~ l..4u<kr at Leot.kr's optiou. up<m notice to Bnrrow-er~ t~'ay !Ui,tkc _sul,;h .aN""~an.lnl."c~, \hshurst" 'Ul.:h
<br />~_ ari4 taj. ddl ll(;'tiQn as is ~ary to- p-rotecI Lender's Jnh:rest, mcluduIJ. but not limited 10, dll\.burSCfficnt of
<br />~~ aUoc'!;ey'. ~ and entty Uj>On the Property to Illa.... tepa iN. If Lender re..tuir<'lJ "",rtg...e in,,,...,,<c '" .1
<br />CQll(!iIiQll of mak.lna.. t!lll lolln _wed by tnis Mottla$e, Borruwer .hall pay the l'remium., reqUired I" ma"ttaw ,wh
<br />lUUtaaot in e"'" UQtd slf(,:b tilllAt as the requitemem, for su~h Ulsu.rance tcnnlfiate-s III a\,;C()rdafH;'~ WIth B()rf\n~"CI'.\ ;Uh.t
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<br />83- 004002
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