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<br />004492
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<br />UNIFORM COYEN,'\NT::", Borrower and Lender covenan~ and, agree as follows:
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<br />I. Payment of Principal and Interest. Borrower shall pr~mptly pay when due the principal or and interest 011 the
<br />indebtednc~s 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,
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<br />2, Funds for Taxes and Insnranee, Subject to applicable law or to a written waiver by Lender, BOl'l'owershaJL'1"Y
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note ispaid-inJuH;
<br />a sum (herein "Funds") equal to om~-twelfth of the yearly taxes and- assessments which -may- attain. pnotity:' ov:~er":,~iii~:'
<br />Mortgage, and ground ,ents on the Property, if any, plus (me-twelfth of yearly premiuminstaUments for ha,za,~dinslll'llp,~e,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, ifany, all aSTessonablyestimated'initiaUyand:from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.:'- ' '- -' --~-">': :-,'_ _-,_ _,_'
<br />~e Funds shall be held in an instit~tion the deposits or accounts of which are insured, or guarant~(t by :a-_'F~de~~;-}j~--
<br />state agency (including Lender if Lender IS such an institution). lender shall apply the Funds to pay said tax_es;-_a$seSs~~~_ts,
<br />in5ura~lce premiums and ground rents. lender may not charge for 50 holding and applying, the Funds:: analY7in~~sai.d':a~c~,~~';
<br />or venfying and compiling said assessments and bills, unless Lender pays Borrower interest on'thEfFun~s--and-"~pplic_~bl~;;~,~w;
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the ti~le: of: ex~~ti~~, ~~::this'
<br />Mortgage that interest on the Funds shalt be paid to Borrowerj and-unless such agreement is ,made or.~-applic~blr,la\V
<br />requir~s such interest to he paid, Lender shall not be required to pay Borrower any interest or earnings on the;F~~ds\,:-I;e~~f_
<br />shall gl\:e to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the"funds- anc::!_'--ttie
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the"sums'-se-cured-
<br />by this Mongage.
<br />If the amount of the Funds held by Lender. together with the future monthly instailments. 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,:tax~, .
<br />assessments. Insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's optio,n;-_-e..ith,e~_
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds, If the amount o~ the---Fun,ds
<br />held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fa1l'.-aue~ .
<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 requesting payment thereof.
<br />Upon payment 10 full of all sums secured b>' this Mortgage, Lender shall -:-omptly refund to Borrower any -Funds
<br />held by Lender. If under paragraph I X hereof the Property I; ,",old or th'~ P;-,jper< 3 otherwise acquired by Lender, Lender
<br />shall appl:y, no later than immediately pril1f fo the ,,,ale (~t' Ihe Properp its acquisition by Lender. any Funds held by
<br />Lender at rhe time of application as a credit agamst the sun's 5ccurcd by this Mortgage.
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<br />3. Appfk;::o;;;; uf P;;;Jm~ii:;;, UitJc::;:; applicable La;'" pr,-~...;Jcs Gthcr..;:;:;~. <ill p:lj'm~fits received _by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied hy Lender first In payment of amounts payable to Lender by Borrower
<br />under paragraph 2. hereof, !hen to mterest payable on the Note, then 10 the principal of the Note. and then to interest and
<br />prmclpal on any Future Advances.
<br />~. Charges; Liens. B0rrower shall pJ.y all !.J.Xl"\. .\ssessrnc-nts and other charges. fines and imposit:~ns attributable to
<br />the Property which may attam ;~ pnority ()Vcr th!~ \1ongage. and le~ehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2. hcreot t)L it not p~Hd in such manner. by Borrower making payment. when due. direct!y to the
<br />payee thereof. Borrower ~hal1 promprly furm~h h1 Lcnd~r all nollces of amounts due under this paragraph. and in the event
<br />Borrower !l.hail make payment thre('[!y. B-ofr0WCr ...hail pWl1lptiy jurnish w Lender receipts evidencing such payments.
<br />Borrower <;hall promptly -discharge any lil.:n wru..::h has pflOflty ,IVcr this Mongage~ provided, that Borrower shaH not be
<br />required to discharge any ~uch hen 'iO long <l~ l:h)rf(lwcr shail ;Jgree in writing to the payment of the obligation secured by
<br />such hen 10 a manner acceptabJc :0 l.ender. lir ...hall In good I<lHh ..:oote\r such lien by. or defend enforcement of stich lien in.
<br />legal proceedmgs which operate tv prevent ltJ~ enhm,;cment 01 the lien t,l[ foricllUfC of the Propeny or any part thereof.
<br />5. Hazard Insurance, Borro\\c-r ~haH keep the Il11pf(\VemCnh now e\l~tlng O[ hereafter erected on the Property insured
<br />a.gainst ios:) bv fire. hazards mdutIcri \\;l~hm the tefm ..c\tenlied c,-1-\le-rage", und snch t)ther hazards as Lender may require
<br />and m such amounts ilnd tor sw.:h penods as Lender m~t.\__ n:~u/fl:: proVldeu. that Lenucr shall not require that rhe amount of
<br />such coverage exceed rhat ,1muuOl I){ (()\cra~i.: n:l.!wred kl pa\' the ~llms ~el;lIred hy this Mortgage.
<br />The msman(.:e ;.'.....rier prm:iding the lfl~~r~mce "haii 0.; ..ilOsen by Borro\\cr s'ubJecI 10 approval by Lcnder~ provided,
<br />that such approvai ..hail not be lmreasonabiy \I,'Jthhcld. All prCI1Hum:s on insurance policies shall be paid in the manner
<br />provided under paragraph:: hereot or, d not p.ut! 1Il su~h manner. hy Horrower makmg payment, when due, directly to the
<br />msurance carner.
<br />AU insuran-.:c p(lhcICS dnJ rt:lle......Lls !h~-rt~lli ..bail be lH form ,t(l.2cpldblt.' h.l Lt.'nJcr and shall include a ~tandard mortgage
<br />clause in tav(\f' ll' and In iurm dc('cpwb!t: I\.' r t:Udt:l. 1.1.'nJcr ...h<i.1l h'-i.\-e tht: ligh! l{) hold the policies ..lOti renewals thereof.
<br />and Borwwcr sh.dl promplJ), fllrUbh ILl Lt:'nder .lil r\.;H:~dl lltlllCe, .Hld all rc(.;clpts of pi.lid premiums. In the event of loss.
<br />Borrower shaH glV~ pwmpt l1otu.:c k1 the ill.)uritlh..-t.' ..:.l[fler ;md Lender. Lender may make proot of loss if not made promptly
<br />bv Borruwer.
<br />.. Unless LcnJ~r .uul BOffl'\.\CI ~\then~'I~c agn.:l" HI \\ nlHlg. In~U1 .tlKf,,' prou'cd.. shall be .lpplied to rcstorarion .or repair of
<br />the Propt'rty d~lIuaged. phwlJed :>u..:h n::)Oh,)[atl~)n ',)1 repillt b l.'l"tililHllh.:ally tcaSlhlc and tht: "e~lIfity of thiS Mortgage IS
<br />not Ihereby impaired. II ~ut,;h ft"..,or..tthm or repalf i':l nIl! ......:lmOfllh:dlly ft.'<lsiblc t)f 11 the seetlnl)' of thIS Mortgagt.: would
<br />be impaired, th~ mSuf4Ilce pf\.)~ecds :-.haU be ;lppllcJ {(l thi.'" ~UI1l~ ~C"-HfCJ by thiS Mortgage, "lth the excess, if any, paid
<br />to Borrower. II the PrlHkfl\ I" .-tD.mdl)I1Cd h\ H~~rr\lwel. \,'f :! H.orr\'wcr t;ub hI rC)lXHlJ to Lender withll1 30 days from the
<br />date noUce i~ mailed bv 4Len:der tt) Borftmcr "thilt !he- Ilburan..:e ...:..U ner ,1-tlcr~ h1- ~cilie d ..:bim for lrbUfanCe benefits, Lender
<br />IS aUlhonz-ed tu colle;,;l' and apply the in:>t-UliHh;t:' prL)\,;~eds. J:t 1l.:HI..kf ~ \iptlOll ~lrhl'r to restur.1.l10n \If repair ,11' the Property
<br />or to the sum:), .:.r:..:ured toy thiS. Mortgage.
<br />Unless Lender <lud Burw\\ccr ,)tht"f\"h~ Jgj~C 1f1 \\!ltlflg. .lr.) ~Ll..:i\ appJh.:..1tlOH nf pw~~cds to prm":lpal ::.halI not extend
<br />or postpone the duc date of the nWnlhly lO~talJmcnts r..:fcrr~J Itl 1:1 pdfagraph~ ! and 2 hcrcl.lf or ~hangc the amount (If
<br />such installmenls. it under paragrdph is hereot the Ph\pert: IS ~l";t!iJrrcJ b~ LenJer. .dl fight, IlIle and lntcrc~t of BOffLlv.cr
<br />in and to an) insurance policie& and in ..wJ III the prt,h;ccJs lhcrcol re>ulting If.)1ll ..l.\flhl.gc to the Pwpcrt) prIOr to the si.tle
<br />Of acquisition shall pa:>> to Lcndcr [\) the t:\tent d Ihe ~LHllll ~...''':ured by thl;., \h\{ 19age lmmct.!.tatdy prior 11.1 .such s.ale or
<br />acquisition,
<br />6. Presenation aDd \1aiuumance of Propcn); Lea.....eholds; Condominiums; Planned Loll UeH~Jt)pl1lC-nts. Borrowl"f
<br />shaH keep (he ?ropcrt)' in good repair and ~haH nol .:ommi! ~a:.lc Qf permit ifl1pamnent or detcrivratiol1 of the Property
<br />and shaH ..:ompty \\ith the provl;':ilClns t.'f any iease II thl.::> ,\h)ng:.tgc 1... nn a :":'.h..::huki. Jt' !hh :\tongagl.: i\ on ,\ unit m .1
<br />condomimurn t-"'r .t planned unIt Jc\Ck-;pmI."Bt, DOfH.1v,t:r _~h.!ll p~rtorm .\Ji ul Hl)Htl\\Cr'S ubhg.:ith.Hb unJL'r thl.: dcddralloll
<br />or covenants crciinng ('If g(wernmg tht' (L}udorn.1nwm {'f p!~t:1:l;,.'..1 \;:,,: "h.'l.c;;.,pnh.:lIl. (hI.: i'y,h-t\\~ .lUd rl;.'glli,ltlon~ ~,f lhe
<br />cl)ndom~llIum t,)f pianned llntt devclvpmcnt, _Iud ;.;l'n~Wla;ll! dt.h;umt.:nb, II ;1 ':l"JlJ,lmini\l1l\ l.if phwueo wn! dt,'\'d(lpmcnt
<br />nder is execuled by Borrower O1nd recorded lugclhcI \\ilh 11113 ~1tlngoigt.', tht: ,mCH.J.nb .mJ .tgrcCllh.'llb I't ~u~h rider
<br />shall be incorpora.leJ mto and shall amend uno :.-upplcmcl1t the ~t,}\CIl..Hlts ..wd .tglccnH;nt~ 111 !hlt. Mvllg.ig\' ,I' :t lilt: nJ\.'1
<br />were .a pan hereof.
<br />1. Protection ot Lender~s Se,,:urity. If 8(lrr~l\"~r fa;l" l.' pat~lrtn the UlVen.in\!'. .llld ,~gfct.'ment$ ...nut.llned In fhl~
<br />Mongagc, t)[ if an}' action \11' pnJc('cJInb: 1\ \,(\mmt'rH.;c..1 \';.hh.h mdlcrlaily .ltkl'L'; I ~lHkr'" HHe.cst ill !he Pw~lt:ny,
<br />induding. bllt rHll limited 10. t'mmt;nt domam, inl>oh'cn(). '.:ode ~.'f\hH...-t.:mCl.lt. \)f Mr;.sng'-'TllCtlh Ill' Pl\);.~'~~dltl~j It\\'lll\'lllg a
<br />ha.nkrupt Of dt:-~cdeHI. then Lender.-it I cnJer\ \Irtl""li. nrOll 111.,11>,,:(' ld B,)!'[;,w.L'r :0.1) make ,-.Ii,-h ,q'i'>t'a!'.ilkO. Jl~bur:-lt,. ~\lI,:h
<br />\>unl:, itnO. lake su;;h ;~tivo ;,t:~ IS li-l'CC:"S.u}' It.\ })[l)I..::,:1 l,cndcr\ !rllei":"!. ,tl~'lUJIUg. o-ut Ihii i!!l\lt\.'d V'. ..b~bllt~..'nh..nl ,'I
<br />rCri:\.vnab1c ~;;u.rocy\ k_c~ 'inti entry \lpl._lll th~ Pn....p.;ll> fn m..lk.... fL.P,lil, l! I t.:llJ<,! 1<."y11uuj m\,il ;llli,.\' ;t., .;
<br />,:,mdlt'lOH "-If 111;\kHli th" tt)~n -.;c",utt."d hy th,., M,lrlg.iJg(, Hvn<l;,~t'[ :,<h.~lJ f'd,~ tlH: i'" -:Hl;l'n~ (,' rllaillt;wl ',h'!l
<br />ill.\wanct' l!l dr.:,~! until q~~h !un" ;\:, Iht~ t~quifcrHc-nt for '>\,h.:h In:>.H;H1,,, !~'!:!'lnl.l!C., '1\ .h....('-"d~H"-''-. .\ i~h rh,trV\-\t"f'\ ;:nd
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