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<br />84- 004464
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<br />UNIFORM COVF.N.\NTS Borrower nnd Lender covenant and agree 3& follows:
<br />I, Payment of Principal and Interest. Borrower shall pr~mptly pay when due [he principal or and interest 0" the
<br />indebtedness cvidenc~d 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,. BorroweLshall'pay
<br />to Lender on the day monthly installments of principal and interest are payable under-the' Note, u'~tiI the_ Nqtc is pai~)O'fu~l;
<br />a sum (herein "Funds") equal to one-twelfth of [he- yearly taxes and' assessments--which--may attain. priority over::. t~is
<br />Mortgage. and ground .ents on the Property, if any. plus one-twelfth of yearly premium instaIirnents for'__h'a~atd"insura~~i~
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any~ all as reasonably-estimated;inidally- and-.-.frpm;
<br />time to time hy Lender on the basis of assessments and bills and reasonable estimates' thereof. _, ___ ,_~
<br />The Funds shalf be held in ~n institution the deposits or aCCQunrS of whic-h are insured, or guaranteed by-'a Feder~.l':~_r';"
<br />:late agency (including Lender if Lender is such an institmion). Lender shall apply the Funds to pay said ta~es.--a_ssessmeJl_tsJ
<br />tnsurance premiums and ground rents. Ler-lder may not charge for so holding and applying-the Funds, analyzing said acc.oUrtt;
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower-interest on the Funds' and-"applicabf~:,-la\V
<br />permits Lender to make such a- charge. Borrower and Lender may agree in writing at- the time of execution_- of:- tltis-
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement - is- made or applie:abJe-,-,law
<br />requires such interest to be paid. Lender shall not be required to pay Borrower any interest or earnings Qn the.Funds~ Lender-
<br />~hall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to'the Funds-and -th~-
<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 the Funds held by Lender, together with the future monthly installment;; of -Funds -payable_ 'prior:~to
<br />the due dates of taxes, assessments. insurance prcrniurns and. ground rents, shall exceed the amount required to- pay: said tax~.;
<br />assessments. insurance premiums and ground rents as they fall due, Stich excess shall be, at Borrower's option, _eJther.
<br />promptJy repaid to Borrower or credired to Borrower on monthly installments of Funds. If the- amount of the Fuiids
<br />held by Lender shall not be sufficient to pay taxes. aSSes.liments, insurance premiums and ground. rents as, they -fall '-due,'
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency withln 30 days from the--date notice--is mailed
<br />by Lender to Borrower requesting payment thereat.
<br />Upon payment In full of aU sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph l,s hereor the Properly IS sold or the Propr".y is Oi.herwise acquired by Lender~ Lender
<br />shaH apply, no later than ImmediareJ)' prior to rhe :,alc o( the Property at ~!s ~quisitjon by Lender, any Funds held- by
<br />Lender at rhe tlmc of application as a ('[edit ag~inst the sums secured ~!m.' ,1.Jrtgage.
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<br />3. App!k::titin.:of P..j'm~..t~. U;-;J:,;s:; ..ppl:('abk: 1<1-':" prD'.;iJes G!h;;f'.'.':se. ~!l p-:lyment~ re-ce:ved by Lender under the
<br />Note and paragraphs 1 and 2 hcrcot shall be applJed by Lender first JO payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to Interest payable lln the Nme. then 10 the principal of the Note, and then to interest and
<br />prmcipal on any Future Advances..
<br />4. Charges; Liens. Borrov.cr \h;dl pay ,Ill (<lX\.~~. ;lsses",menb ,lod other charges. fines and impositions attributable to
<br />the Property which may altain a priority over this \-tortgage. and Ica~ehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2 hereot or. :f not p;ud Hl 'iuch manner. by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shaH prornplly fllrnl:\h to Lender all nOllces ot amounts due under this paragraph. and in the event
<br />Borrower ~h<.dl make payment directly. Bornm..:r ,hall promptly iurIll~h to Lender rCl.:eipts evidencing such payments.
<br />Horrower :;hall prornplly dis(..hargt:' any lien \;, hich rlas pnoflty Il\'cr this 1\'1origage: provIJed. that Borrower shaH not be
<br />reqUIred to discharge any ~uch lien ':.>0 long <is BOfW\..cr ~h;:l11 ~\gree in ,..nrmg to rhe payment or the obligation secured by
<br />:-ouch lien in a manner acceptable 10 Lender. l)/ ~hall in good Luth l..:oO[C'..,t Slll.:h lien by. Of defend enforcement of such lien in,
<br />legal proceedlllgs whll.:h operate rL' prevent th~ cnhln:t:n1enl of rhe lien or forfeltur~ of the Property or any part thereof.
<br />5. Hazard Insurance. Borro\\.'"cr shall keep {he Imprll\CIHc-flh no\>. e)-.J~tlng or hereafter ereded on the Property insured
<br />against loss by fire_ hazards indmh:d wi!hm tht' t~rm "c\leotkd ,-'ov~'rage'. and such other hazards as Lender may require
<br />and in su\.:h amounls ano for sw.::h PCfli..tdS ~lS LClldcl may require, pr(lVldeJ. [hat Lenoer shall not require that the amount of
<br />such coverage t:x.c~t:t.I that amollnt of COVt::L:lg.C r('qum~J t~) r.;t~ the '>UlTb s('cured hy thiS Mongage.
<br />The msuran~c ,-arficr providing [he msuran~e shaU be t:hosen hy Borrower subJeL:t to approval by Lender; provided,
<br />that such approval shall not be unreason<ibiy withheld. :\I! premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 heh."\-)f or, d not paul III su~h manner. by Borrower makmg payment, when due, directly {O the
<br />insurance carrier.
<br />All insurance poiiCle-s ant.! renc\\-.-ds therel)! shuH he in form d":J,::cptablc rl) Lender and shall induJe a stanJard mortgage
<br />dause in favor Df and 111 ftHm a:.:\.:epld.t-!c rt~ L:.:nu.~L !.t:n~kr "hall h:l\-c the llgllt h) !h..lld the policies ~md fl;'newals thereof,
<br />and Borrower shall promptly fUflli~h [0 lender ail r\."n\.~"<ti nO!KC~ <:tlld :.ill n:~ClpIS of paid premitlm'\. In rhe event of loss.
<br />Borrower shall give prompt HOU;;C III the lO:surdlh:C ..:MIICf ;ind Lender. Lender ma) maKe proot of loss it not made promptly
<br />by Borrower.
<br />Unless Lender and BorwwcJ' other\\l:'~ agrec in '\fIling. in\uran..:t: pro...:ccJs shall be ,'pplied to rc:-;torarion \.)r repair oi
<br />the Property Jamaged, provldeJ ~Ui.::h re~toratjtln or repair ~s l'clHloml..:aily kaslblc Jnd the security of this Mortgage is
<br />not thereby impaired. It :-.ut:h f6llJralloll or repair IS nut \..'...:on,,)mi~dlly feasible or If the se(urlty of thiS Mortgagt::: would
<br />be impaued, the IOsUraol.."C pr\.lCceJs shall be ;tppheJ to rhe sums secured by thiS Mortgage. \I,'lth [he excess, if any, paid
<br />to Borrower. If the ProperlY IS. d(1aIlJO!1t::u by Borrower. or It Uorf(1w~r Luis 10 respGnd to Lcndtlf Wllhltl 30 days from the
<br />date notice is mailed by Lender 10 Borrower that Ihe Insurance Cdrner otfCni to ~el[le ;1 dalln for imuram.'c benefits. Lender
<br />is authorized lo cullect and apply Ihe insurance proceeds ..It Lender.s option either to restoralioIl (lr repair of the Property
<br />or to the sums sc.;ured ny lhis l\.lortgagc.
<br />Unless Lender and Borrower othef\\-isc agree In \HHing, any slll.::h applkaliofl nf pfl)~ccds 10 prlll~lpal ~hall not extend
<br />or postpone the due dale of the monthly insraHmems r~t'crred tl.) in parJgmphs 1 and::! hereuf or I.."hangc the amount of
<br />such installments. If under paragraph IH hereof the Property IS aCl..j,UlrcJ by Lender, ail righi, title and interest of Borrower
<br />in and to any insurance policies <lilt.! in and lo the proceeds thereot resuhlUg Inm1 damage 10 the Proptl:rty prior to the- sale
<br />or acquisition shall pass to Lender to lh~ exte-nt t)f the ~ums secured by [hl:-- ~-tongagt.:" Ifnmedlatcty pnor to such sale or
<br />acquisition.
<br />6. Presen-ation and Maintenance of Prop~rty; Leaseholds; Condominiums; I.lanned Unit De\'elopm~Uls. Borrower
<br />shall keep the Property in good repair and shall not commit \\ as{C or permit impJirmem or deterioration of the Property
<br />and s.haH comply with the provisions of any lease If this Mortgage IS on a leasehold. If this Murtgagt:' is on a unit in ~~
<br />condominium or a pianned unii devdopm~nt, Borro\\-er sh,tll perlorm all v( Borftlwer's obhgatlons under the: dcclarallul1
<br />0:: covcua:1ts creating or governing the condommium ~)f pl.iniled llliii utvdoPlIh:llt, the by-law:\ and. rcglliation~ of the
<br />condominium or planned unit development, and conslituent do('umcnh. 1f..1 ":\HH.iomlniulll or pl;mncd unit dcvdopmcnt
<br />rider is ex.ecuted by Borrower .and recorded together wuh IhlS Murtgage. the cuvenants and agrcemctHs. of Slh:h rider
<br />shall be incorporated into and shall amend and supplement the co\enants anJ agreement.\. l)f thiS Mortgage as if the rider
<br />Were a part hereof,
<br />7. P~tection of l.ender's Security. If Borrower fails to paform the l'OVenants and agn:emcnts t.'l)nr~lin('d in tIll!'
<br />Mortgage, or if any action or proceeding is <:ommenced which materially affc....ts Lender's. intcrc~t in the Property,
<br />including, but not limited to. eminent domain, insolvem;y. I.:ode enforcement, or arr.angements or proceedings inVlllving a
<br />bankrupt or decedent. then Lender at Lender's option, upon Iwticc 10 Borrower. ma~ m~lke slH..'h apP\'uraw,.:t;:-;. tlisbursl.: sut:h
<br />sums and lake such action as is necessary tl) prote>:t Lender's interest. lIKludmg. put IhH iimucu hi, i.ll!)burSl.:HlcIlt l.)i
<br />reasonable uHonley's {c-t:s and entry upon [he Properly to l1l.lkc rep,ill~. Ii Lcnd::r fcquirt;J nhlllg.lgc jn~ural\l.;;'; ;1" .1-
<br />condition of making, thc_ loan SCl.:UICJ by this Mllrtg.agc, B.-,..HTm\cr .'ihall pay the pn:miuIH::' ft"q.nred llJ milillLlin \lJch
<br />jnsurallc~ in cffe~t unlil ~uch time as the reqllircmcnt for $ut:h H1sman..:c !crminat~.'i 111 il(:;."ordall\:~ \\"tth B~)frl'\\\.'r's JIH.l
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