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<br />UNlPOIlM COVENANTS, Borrower and Lender covenant and agree as follows: 83- 004080
<br />1. l'ttymoI of PriaclpIdand InMJ'esL Borrower shall promptly pay when due the principal of and interest on the
<br />indeblCdn!'Ss evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />(lD allY Future Advances secured h)' this Mortgaee,
<br />1. Fa_ tor TUell ."" 1Dsur1IJIce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on tbeday monthly instllUments of principal and interest are payable lInder the Note, until the Note is paid in full,
<br />.$Um (herein "Fund.") equal to ooe-twelfth of rhe yearly lax'" and assessments which may attain priority over this
<br />Mcrtpge, and ground rents On the Property, If any, plus one-twelfth of yearly premium installments for haZllro insurance,
<br />plus one-1Welfth ofyarly premium installments for mortgage insIJrance, if any, all as reasonably estimaled initially and from'
<br />time to time b}' I...enOO on the basis 01 assessments and bills and re..",nable estimates thereof,
<br />TIle Funds shall he held in an institution the deposits or accounts of which are insured or guaranteed by a Federa! or
<br />stale agency (induding Lender if Lender is such an institution). Lender shall apply Ihe Funds to pay said taxes, assessmeots,
<br />illSllrancc premiums and ground rents, Lender may oot charge for $0 holding and applying the Funds, analyzioS said a..-cottot,
<br />or verifying and compiling said assessments and bills, unless Lender plIvs Borrower interest on the Funds alld applicab\elaw
<br />permilS Lender to make such . charge, Borrower and Lender may agree in writing at Ihe time of eJlllCUtion of this
<br />Mortgage lhat interesl (10 the Funds .hall be paid to Borrower. .nd unless such agreemenl is made or applicable law
<br />requi_ such interesl 10 be pa.d, Lender shall no' be re<jUlred to pay Borrower any intere,1 or earnings 00 the Funds, Lender
<br />.baIl give,lo Borrower, withouI charge. an "nnual accounting of lhe Funds showing credits and debits to tbe Funds and the
<br />purpose for which ""cb debit 10 the Ftrnds was made, The Funds are pledged as additional securily for the sums secured
<br />by Utis Morlgage.
<br />If the amount of the Fundo I1eId by Lender, l<)gelher wilh Ihe future monlhly Installments of Funds payable prior to
<br />lhe due datea of taxes, a5""ll5metlts, insurance premIUm. and ground rents. sball exceed lhe amount required 10 pay said lUes,
<br />assaamenlS. in.ur.ance premiullL' and ground renlS ..s lbe\' fall due, such ".c"SS shall be, at Borrower's option, either
<br />promptly lepaid 10 Borrowt!t or credited III Borrower on monlhly mstailmem, of Funds, If the amount of Ihe Funds
<br />held by Lende....hall not be sufficient to pay !:ues, .",,,,,,,.menl', m'urancc premIUms and ground renN as they fal! due.
<br />Borrower shan pay to Lcndc-r any amount n<<eM.ar~ 10 make up the defklcnCY wuhm 30 days from the date notict-is mailed
<br />by Leacler 10 Borrower requesting payment lhereof
<br />Upon payment 1ft !uU e)f all sums ,"""ured by II", Mongage, lender ,hail p",ml'dy refund 10 Borrower any Funds
<br />held by Lender, If under paragraph I R heroo; Ihe Property " 'old ,,. ,he Properl' " ,,'hervilse acqUIred by Lender, Lender
<br />mal! apply, no later than ,mmeduucly pnor w the ,ale ,,1 'he P"'perts '" '" "cqUlSltlon hy Lender, any Funds held by
<br />Lender at the lime of lippJJc-ation as a credu agam.s-t the SUOl\ secured hy fhls \h.rtgagc>
<br />3. AppIkaIloa of Pa~ Unle.., .pphcahle I.", ['r,''''Jcs ,>I her" "e. all payments received by Lender under the
<br />Note lUW paragl1lphs I and::: hereof ,hail he applred by lender ii", in pavmcm ,.f amounts payahle l<J Lender by Borrower
<br />under piiJ'llifal'b ::: hereof. lhen to IOler",! pay'aNe on the "",c. ,hen 't' lhe pnnelpa! ,'I lhe Note, and then to interest and
<br />pri!\ClpaJ on any Future AdvlUtc(:$,
<br />4.. CbarIes;....... Borro~'er \hail pay ~~1I t.nC'..... .l-;,S('\.\'m~nt:\ ~nd ..rher t:h;lt"Fe,_ fine~ .md Impositions attributable to
<br />tbe Properly whil:b lllllY attain a pnorilY over lh" Mortgage. and k"",hvld paymenl' vr ground rents. if any. in the manner
<br />provided under paraaraph 2 herool Of. It n<'1 ra,,) m 'uch manner. '" Ill""''''''' ma,mg payment, when due. uirecUy 10 the
<br />pll)'llC thereof. 8orrower l<b411 promptly lurm." 10 Lender all IW'IC"" "I ,unollnlS duc under Ih" pllfaluaph, and in Ihe event
<br />Borrower shall make payment duecUy. B(~ffOWer ,hall rnlmpti~ ! urfH~h h-' L~fHkf receipts t"videncmg such payments.
<br />BolTOWlOt shall pr<.>mprly dn..'hara<: any he" whICh hlt. i"'''fIlY <'ver Ih" \Iurlllajt": plOv".kd, that Borrower ,hall nOI be
<br />required. t-O dtscharp iUly such hen \0 long as Born,)')\.ct !!.h;.1;H JgH.~e In \...;: ltnl-g hl the payntent of the ohhgati(ln secured by
<br />such hop; Ul; a !Wi.nll<< acct'ptabte to Lt~fu1e-r. Of ~h:aB H1 go\,J: Lmh ,-\,"1nh.~...~ "'-u>.:'h lam by, ~lr t.lcfC'fH.1 enfnrcemenl of such lien In.
<br />te-Cal p.ruc~np. ,*bi(;h openue hJ prc\'cnt the c-ntnr\;ement iJ~ !ilt"- [Jen ~H- h.}rh;~lur~ vf the Propert)' or any part thereof.
<br />5. II.IaaInt l-......ee. BorroweJ ill-aU keep ~h(' Imp-n.nCnl<<:nb n(~u.. t:\hung Pf hcrt:-clftcr cn;xtcd (1-n the ProperlY msured
<br />a,aainit tOM by fift"-. hauzd'tt uldu-ded \.\cHbm J.he term 'I..'ucrnk.j \.~'v~f.lgc ,wd su.~~h ()the, haz.ard'\ a:!' Lender fllay require
<br />and m such amounts and for "S..$:h pr'fH.;~ls a:;' I.ender milj' rC-\lUlf\', pt._,'\, ldc-t.t th~t I cn.der ..haH not n::qUlre that the amount of
<br />such c-Ovcraee cx(.'eed that .UllOUfH 01 'o"-~fasc f~qUH,----d It' P~i} t~~ ....iHn... ",",--,,;nft.'d hv lht\ ~1ong;Jge^
<br />1'he- IAlUfllJ'tCe quric-r providina the U1Wf afu.:C' \hJ11 be dh'-:o.en My B-vrn.n...-cr ~Hbit."1:t (0 approval by Lender; prov1ded.
<br />that such approval ~all not be !lnre-a~)fM.t'liy wJthhcld "\11 pH'IJUUtll' on m~-UfIlfl~e pulicic'\ :shan he paid Hl the manner
<br />pr-ov~ under p;u-agrapb 2 bert:ol (Jf < ir not p--ald in (!i,u....h inaUHcr, n) &wro--.eI making p,*,ym~t. when due. directly to the
<br />insur_ cvrier.
<br />AU insurance i)OhcJC:i a~ U~~"db. lhelt'.{l! s.haH be m (orm .~,,_\.cpldblc 10 1-cn..h..~f ~nJ f<;.haH 1O,,:ludc ;t i\landard mongaac
<br />cla-uIe in favor of and in form ac~c-ptahte l\)- l..cmkl 1.t..~tMkr ..t:MII t't~l..t: the fight hl h,Jid the pt."lliCle':\ and renewals thc(eof~
<br />and Borrower shaU plolDpliy tUfo"-b to Lemkr -41J rCrk.~v..'il; fI(J-t,t.:C' ~HlJ .II! rc\:<.:'tplS t1i paiJ pn:nuunl:\. In (he event of loss.
<br />8onoWC',f sball Il\'e pfl..;.Alpl f\OIl{C to the ilHt-ur..uh.:~ ,-ann:-f .!no I.cnJ~l' Lentie-r lr\d) nH:I~e p-looi ot loss It nol 1l1,-ide promptly
<br />by Borrowe!,
<br />Unless Lendef and BonoYt'cr ,-1tI\(:f\\ i~ oijJJCt: m "ntiU~. ifl'!!oUfi.\n...:c p-f(,rcd~ shaH be. ~pp-hed to restoration of repair of
<br />the Properly d~"f p-roVlJed su..;h (~h}rath.lU Ht fep,.tif i). e-~\.\{h5nH":-itiiy 1~-d.~lblt.' and the s.e\:urity of this Mortgage tS
<br />not lboteby impaued. It \uch rt:l/ttoratlon ~}f rcpa-If is fli.n c"':\.)O~.)nlh':,JHy k--a~lhje or d tn.e secunt)' of thiS- Mortgage- would
<br />he Implllred, the insuran<:e pru.;eeds ,hall he 4ppheu 10 lbe 'un>' "'Lure.! hy lhl; Mortgage. wllh Ihe ".\<e'iO. if any. paId
<br />to Bor-rowcr If tbe- Property IS J,bandl.")!\C'd b) RvH()~eL ,;.t d &uower r..nb 1(1 H:'JpdUd ll"- Lender within 30 day~ from the
<br />date 1lOticc ts matted by Lender to Borrower lh.ltt the tnwran~c >:..tfl'lcr dUers to ~ettie J dalm for Ifliur.an'-e- henefit"S~ Lender
<br />IS aut_lad to collecl and apply lhe rn~rau"e pH>cecd, 4t Lender's "p!u:m etther ltl ,,,,,,,,>ration or repliir 01 the Property
<br />or to lhe _ se<:ul1l<l by lhis Mo~
<br />Uolou under JOnd Bouo"",r <>tln<O\IS<' ag.ee 1ft ""ung, an} ",d, applicalion d pwceeds ltl pllnclpal ,hall nO! eXlend
<br />or po$lpQne:. the due d.te of the fllOtlthly in~aUmenl~ referred h' IH paragraph~ 1 .md :2: ht:n."ut' ()f t.:hangc th~ am.,)unt of
<br />$Ul;h inuallmenrs. If under p&rl\8fapb i8 hereolthe Pmpcrt} IS ""'lulfed b; Lender. all nght, ude and m!erest 01 Borrower
<br />in ;uxJ, U,l any j~uraw;:e pohi;:ie\ and in and to the pn.lCt."Ct.b thereof re~u.ltlng fHlfH JAmage to the Pnjperty pnor to rhe 3aie
<br />or ~n shall pass to l..ender to the.: e:\.te-nt of lhe $tJ_nl,'\ sc-curoo h) thJ~ Mortgage imfl1-ediale-Iy prior to ~uch :iHlle ()(
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<br />6. ................ _ ~ of Property; 1~1tul45; Condominium;; PIa_d l:nit lle.elopmellu. Ilorro"er
<br />.u ~ UlePropettY in gooQ rep,air and .hall not commil waste '" perillO! lffil'turment <'f detetlor'dtlon 0/ the Property
<br />1l.D4.~ comply WM the pio\'islons. c>l al'}' le_ .t lhts Mortllttgc " ,m a 1c>i$Ch,,!d, II Ih" Mortgage is '"1 a <l1lI! ill ii
<br />,c~..ot_utn Of a pla.nned UOlt -oo...'~k.pmenl-. )J.o;rtow.er ~haU per'f')!Hl .i.t_il l\[ HornHhcr"s. ubllgauons undef the d-c,dan.twn
<br />of.; _~~ creatiaa- Of IOVC-fnUl& tbe \:'OOdOf1l.lIHUm or ptanned HtiH Jevdopment, the b)'~htWS and rt:g\1!atim\'", nf the
<br />~ ~_ ~: UQit _dcv~_toprncn.~ _ a_no co-u~tituenl docuf.uents.. It a "::unJtmll.nium. or planned lltllt Jevclopm_cul
<br />_ 3e~. by 8c>ttower and tlllrorded toa<:~her wtlll III" MOllpgC. Ihe ,'.:"ell.nls and iigrC"nlcnh of such l,del'
<br />.~. bt. ~ il1{(l ~d ~1II1 alll.md and suppletll"llt ,he covenant& "nd allreemelll> ,,/ II", Moltgalle ., it Ihe mlcr
<br />.... Jlllrtlleftol,
<br />,~_ ~', of ~~5 s.c..,:" If t~.(,;\rro-wer fads h) pcrfi.'HTU l-~lC covenant\\- and agrct\'mcHu- (.,'(}nt~mc-d m thl$
<br />~. ~ if .)' .lIi:t.iQQ IX ,PI~ ".wl'll/'IICnceJ ",hkh ll\alenally atfe<:!s Lender', "'I"re,t io the Property,
<br />~. hti:l tIOI ~ to, l!ll1IMIltdoimln. 'rl'l<1h"rn:y, code cni""enle.nt. or lIfrang;:mcnlli Of pn,,;;ceding, ,nvolv"" a
<br />~. 01' ~ thron t."r at Lender'. Opel"". u~"'J1 1101>"e.lo fl('Hawcr, 'nay male 'lI':h appearan,,,,", ,hst-ul'''' ,,,ch
<br />~U!l.- ~tl<\ol.," is; ~ to pmllXI Lender'. mlereol, ",du<bn~. but not ll.ilHle,j 10, d"!>..n;em,,nl "1
<br />~ ~'t, .... and entfl' Ul'Q1l till!: l"topetty t(l Il'takl> '~pau", It 1",,<1<;1' l"'t'lir.d "'<\f'lll* insuran...: a,
<br />~i.Oft <'It ~ tbt !cl&n _~ by tlu. Mdfl,.. 80"0'""1 ~l\"ll pay tll" premwm> reqUlrC<l '" mainl,,,, ,,,ch
<br />iMI!t~ m <llht1l1l!!il .ucl\ linm a. d~ lll'lu.ir_J (or <u<:r. illwrall<:C ternlilla,"~ :II ",c"rU'.",," ",tlt Rotf'()wer". .",j
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