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<br />83- 005927
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and--agree_ ~ follows:
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<br />1. Payment of Principal and Interest. 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. Funds for Taes and I_dn..,. Subject to applicable law or to a written waiver by Lender..Borro",ersb'!ilpay.
<br />to Lender on the day monthly installments of principal and interest are payable under tbe Note, until theNoteisp~idinJull,
<br />a sum (herein "Funds'') 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 one-twelfth of yearly premium installments for.haZard insurarice.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially anl1 from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates t1lereof.
<br />The Funds shall be held in an institution 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 accoun~
<br />or verifying and compiling said assessments and bills, unless 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- exeeution""of tl:Jis
<br />Mortgage that interest on the Funds shali be paid to Borrower. and unless such agreement is made or applicable law
<br />requi~ such interest to be- paid, lender shaH 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 tbe Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />U the amount of the Funds held by Lend<,'. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessment.s, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ,ground rents as they f;;)lJ due. slIch excess shall - be, at Borrower's option. eith~~
<br />promptly repaid to Borrower or credited to Borrower on monthly IOstallments of Funds. If ,he amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground rents as they fall due.
<br />Borrower sball 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 rc-quesling payment thereof.
<br />Upon payment in full of all sums sect.:..red by thi') Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph J 8 hereoi the Property IS ~oid or the ProperlY is otherwise acquired by Lender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by
<br />Lender at tbe time of application as a credit against the sums secured hy this Mortgage.
<br />J. Appticadoa of P.ymeots. Unlc$s applicable law pnwides otherwise. aU payments received by lender under the
<br />Note and paragraphs 1 and 2 hereot shall be applied by Lender first In payment of amoums payable to Lender by Borrower
<br />under paragraph 2 hereof. den tu interest ps)'at.lt: ~m the ~ote. then to the principal {If the Note, and then to interest and
<br />principal on any Future Advances.
<br />4.. ChaqK; LIeaa. Borrower ~haU pay all (.IXC'>, .1",sc,\sll1("nls ;md i'lhcr ..:haffl"cs, fines. ~Hld Impositions attribucable to
<br />the Property which may attain a Priority o\'er thi... Mortgage. und lcasch('ld payments or ground rents. if any. in the manner
<br />provided under paragraph 2 hereof or. If not pua.t 111 ~uch lm.tnn~t. hy Horrowcr makmg paym..:nI. when due. directly to the
<br />payee thereof, Borrower sball promptly furnt!\.h tv 1.t:nJ~r .ill not:c':~ of amounts due under this paragraph. and in the event
<br />Borrower s.hall make payment dtret.'tly, Borrower "hall promptly furnish hJ Lender rCl.:cipts evidenctng such payments.
<br />Borrower shall promptly dis.char,gc any hen ...hll:h has pril.)rity over thl" Mortgage: pwviJcd. !tUH Borrower shall not be
<br />requirro to discharBC any such lien \.(1 long ;t$ B()flower 'Shall a~ree III ~\ ritlng tl) the payment of the obligation \ccured by
<br />such lien in a manner Kccptsble w L~nder, or ,hall In g()L"'ti taHh ..'onfc-~! "l-u<;h li"n by, or defend enforcement of such lien in.
<br />te-gal proc~din&$ which ope-ralt: to prevent the enforcement nf the lu:n ;:lr lurfclturt' tlf the Property or any parr thereof.
<br />5. Haaant 1...,...<<. BlJnower shall ~ecp the Imprt,l\'crncnh n\l\\. C" I"',twg t1l" here.tha crc.;ted <In the Pro~rty InMlred
<br />against Joss: hy fire. hazards included withIn {he t~fm "c\tt:'"oded \.:~)\'':!;tgc-'', and "iu\.'h other hazards ;:1'\. Lender may re\.l'llfe
<br />and tn such amounts and for such pcuud.... a-; Lender mot}' r~\.p,llrc. pn~~ aded. lhal !.clllkr ..hall Ol..)t require that the- amount lJf
<br />such cov-erage c.\c-eai tbat amount of (;(H.eragt' rc\.j;uln:d 10 pil.Y lhl." "\lfn~ ~c\.:urt'd h~' thiS ~'1oTt~agc.
<br />The imurance carrier providing the inSllr01:n~e "hall be \.h('~n hy Borm\\cr Mtbl~CI In approval hy Lender; provided.
<br />that such approval ~1 nut be unreasonably withheld <\lJ pr~nHi_Un~ l'n tn~Uf'-.\n~t.; p\-)IKle.S ..hall bl' paid 1Il the manner
<br />provided under pa.raaraph 2: here>.)l or, If rnH paId III l.u-4;h mlum~t. hy BtHT()\\'t!;t' makmg payment, when due. JlCl~ctly to the
<br />msuraDCe carrter.
<br />AU insurance pohcl~ .uuJ rene",al~ the-n,~i.'l ",hall rr(' Jf) fOWl ,h';i,.l."ptJbk hl Lt::lh.kr ;.Inti shall JlKli.ldL' J. ;,llInJan..l mOrlgag~
<br />clause: 10 hw\)r of and in form ai:ccplable h~ l-cndcr. i ~lidcI ...hi.tll have the ught In hdd tht.' P\.)!i':ICS .l!ld r~ncv.-<iJs thereof.
<br />and Borrower shaH prC'mpdy furmsh to Lender all I CI1\'v.al n\lth:C~ ~wJ all r~':t,..jp-.s. i,)1 piiid rrCn\l~iIlh, In the \:Yl,~nt of 10'\';;.
<br />Borr\.)~ s.balt 8lH~ pnlmpt ih.H-h:'" (0 the JJ1~Uralh.:e ...:arncr dfHJ I,cnd..:r I cnJI:'f /ll.t}' makc rH\H.JI o{ lo$.s It fh.)l Hldde pwmptl}
<br />by Borrower.
<br />Unlea l.ender aud Borrvwcr othU"'I~ agh:~ In \\ otJng, Hi~u!';m":c PI(X'\:\.'J, ~hall be -apphed w r~s{uralion or rep.iir (If
<br />the Propert)' uamqcd. pnJVh.:ieJ such N':!otvrauon (II r~palr l~ t:<..:lHlomh.:<llly ka~lbk ~nd th(' ~c-cllri[y of thiS Mortgage I..
<br />IlOt tbereh)' irnpat~, If ~u~h reslor~li{.)n or >cpaa l~ IKit ~i:011llmj",-.tJly (eJ,)I~k' l\f l! the se~ullty of thiS Mortg.age would
<br />be tmpat:rod. tbe insurau~e pn,lCeeus :ihall be .1pphe:J t<.) the ,un\S- ,<,t:-':llIed h~ Iht!t. ~hlrtgagc, with the c\cc\s. if any. paid
<br />to Bon-ower. Ii the Property IS abandoned b~ Borw",cC ,}l" ,: H<HrF~t:r Lob l-l~ rC1:.p\ind to l.ender wlthm 30 dayl'> 1rom the
<br />date ooti(e is Rlaih:d by Lender 10 BOfI()~'er Ihat the m~urJn..;..: .::arflcr ('llen. to ';t:ouk a d~tlln hlr ,",,"urancc benefits, l.(:nder
<br />is authorized to l"."'o-Uecl a.nd apply the ln~r"in..:c pr(~fXJ~ <..tt Lender\ .;'pti~1I1 ellher 10 re,>WI,HtOn IJr repair (\1' the Propert)
<br />or to the sum> secured by this Mongai<
<br />Unless Lender and Borrower (tlnerv. is.~' Jgfce m .." flling, ilny su...:h ;ipplkatlon ;)( prm,:c-cds. to pfln':lpJl ...h:.tll not c'\l~nd
<br />or- pL'Stponc tDe due dAte 01 the nwnthJ~ installmenls fcfcrr~tJ tel in paragraph:.. 1 ,ind :! hereof or change the arn\)~lUt t.)f
<br />such imtaIJm.en~. It U:nde-f paragraph 18 hereof the Property l~ ~~qUlrcd by Lender. .1J[ fight. !Itle and llllcrest \)1 Borrower
<br />in and to any ntsUf3.n\.."'e po1icie$ and in ;md to [he proc~o.Js thereof rcsulling from damage to the Property prior to Ih~ sale
<br />or acqwMuon shall ~.s. to Lender to tbe extent of the ~ums sC-l.:urcd h)- !hl'll ~1orr8,lgc unmedlat-ciy prh,ll 1(1 ~llch "ale or
<br />..cquiaitioo.
<br />L ................ aed Maiateoaac,t of Pro-put)'; l.~aseholds; C:ondomillium.s; Planned Lnit nen~lopuaellts. BOHO',l,-Cr
<br />sba11 keep the Property in good repair and shall no-t commit waste i,>r permn impairment or deterioration of the Pn.lpC-ny
<br />and $b.all comply witb the proYl~.ons of any lease- 11 thu. Mortgage IS OU i.t k~;j,~hojd, If Ihi:, M~.ngasl.7 IS. on ;t unit in .1
<br />co.udominium (tf II. planned unit de\"eJopm<<tu. Borro-w-cr ~hitH perform ail ut BQttov.'c($ iJhhgaHOO& ullder the dedaratmfi
<br />W' ,,~ti creating Of governing the condomimum or planned unit de\'eJoprnl~llt, the by~laws and rcgul;ttiom. of the
<br />Ct'mdouWUw:n Of p~ unit dc:velQpment. ;md consutuent ~klCUmClH$,. It ~1 cmllh}mlnium or pl.:mncd unit d~\cioprncnt
<br />~ ,_it: --=uu=d by- 8(Km'hlf and _rocOfded hJgc;ther \\'uh thu;, Mmtgag.c. the ...(WenautJi, and a8[c~mcnb l'{ ~uc:h nuer
<br />~_ be: .l~ inw an4 t.D&tl amend. .a!)d .liuppleme.nl the ;':Ol,'cnalllS and agre-cments vf ihr~ Monga.,gc ~l~ It the rider
<br />we.. .. pqt. .het;;ot
<br />',. ~ of; ~~" J1' _lk~rro","e( f..H~ to ~t1orm the covenants and agreements c-umalued in lhi~
<br />M~. or if G;l)! ~ otpn.......,ding "commenced wblCh OlateriaUy allee.. Lender's ",,,,,,,,, in .he Propelly.
<br />~ but tl(Jt lImited to, ~mU'lent domain, m~Jvcncy, code e-nforc~menl\ or arrllJl~len.ts or proceedings ;nvah-w8 a
<br />baokfupt-o.t ~L then t~.. L.,.nder's opttu-li~ upon no{~ce to Borro\\e:r. may make ~uo;:h .lJ.ppcafi\IKe~. l,Hsbunc 'i.uch
<br />~ -att4 1. ,tiudl ~ -1;$ it ~-y to pt-pt~l Lclider'~ inlCrc'R.. nu.;htdi,Qg. but not limned to, I.hsbunefllit.nt \.~t
<br />~_ .~'. f.,. ami ,ouy, upon 1he rropt!rt)'_ to .mak~ rttpainL 1f Lender re'iuired mt1l'tgiijJl;; innlr-an\.':c a<; .1
<br />l;~__ of mu.ttJllhc, ~ ~Ulv:d h)' thl$ M{I",~e-, &on-owef JniiH- pa) the pre:miunt,'i, required w mainttlin ...u,h
<br />~~, in: dftK't mttU ~b ~_ ai lhe reqoiretbell1 for !iuc.h tfit.urnnfe: t-e-rmlOate-~ m ;It.CCl,lfda.JH:'t'!- \4'Hh Burn_)wer\ itnd
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