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L 84 - 005093 l:NIFORM COVEN-\~rh... Horro\l,"cr and Lender covenant and agree as fol1m.v'i: l. Payment of Principal and Interl'S'. rh~rrowcr shall promptly pay when due the principal of anu lntcrl~"t 011 the indebtednc~s evidenced by the Note. prepayment and !ate charges as provided m the Note, and the principal of and inlerest on any Future Advam:cs secured by this Mnrfg,lgc 2. Funds for Taxes and Insurance. Subject 1<1 applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly installments of prim:ipal and interest arc oavable under the Note. until the Note is paid in full. a sum (herein "Funds") equal IO oncAtwclfth of !he yearly taxes an~1 -assessments which may attain priority over this Mortgage, and ground ~ent:) on the Property, if any. plus nne~twetflh of yearly premium instaHments for hazard insurance. plus one~twelffh of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from time to time by l.ender on the baSIS of a~sessments ilnd hills and reasonable e'itimates thereof. The Funds shall he held in an IOstltution the deposits or accounts of which are insured or guaranteed by a Federal or state Jgcncy / including Lc_nder it Lender is sllch ,Ill institution). I,ender shall apply the Funds to pay said taxes, assessments, Insurance premIUms and ground r~nts_ Lender n1ay n{\-{ charge for so holding and applying the Funds. analyzing said account or verifying and compiling said a!\ses.s:ments and bills. unless Lender pays Borrower interest on the Funds and applicable Jaw permits Lender to make such J .;;harge. Borrower and L.ender may agree in writmg at the time of execution of this Mortgage that int(:rCSI (HI the Funds -,hall he paid to Borrower. and unies_s such agreement is- made or applicable law requires such itHCrest to be paid, Lender shall opt be required to pay Borrower any interest or earnings on the Funds. Lender .,hall give to Borrower. \';.'ithmn charge. all annual accounting (if the Funds. showing credits and debits to the Funds and the purpose ror \\-hl<:h each debit 1(' the Funds v.a~ made fhe Funds arc pledged as additional security for the sums secured hy this Mortgage If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dales of (axes, us.'sessmcnts, insurance premiums and ground rents, shall ex.ceed the amount required to pay said taxes, <1:s~t::ssmt:-nts. insurance premiums ana ground rents .1S Ihey t~:tI1 due, such excess shall be, at Borrower's option, etther promptlY repaid to Born-w.-er or credited to Borrmver on monthl\' installments of Funds. If the Jrnount of the Funds held by - Lender shall not be suftkient to pay taxes, assessments. i~surance premiums and ground rents as they faU due, Borrower shaH pay to Lender any amounr neces~ary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof Upon paymem In full of aU Stlnli secured hy this Mortg~gc, I.ender shall promptly refund to Borrower any Funds held My Lender. tf under paragraph \ ~ hcrc(li the Propcrt~ I" ,oid or !he Property is otherwise acquired by Lender, Lender shaH apply, no later than lmmcdiately prior ro the ",aie of the- Property or its acquisitIon hy Lender. any Funds held by Lender at [he fHTlC of application ~\S a ,,:redit agamst the 'Sums secured by this Mortgage, 3. Applicaiion uf ra,y-ments. Unless appii-eabic law prOVides otherwise, aii payments received by Lender under the Note ,lnc par:!gr2..ph~ l and ~ hcrcot shag be appll~d by Lender fir:;;;t in n;:iyrnenl I..ll amounts payabie 10 Lender by Borrower under paragraph 2 hereof. then to Interest payable on the NOlc. then to C principal of ~he Note, and then to interest and princIpal on any Future Advances. 4.. Charges; tiens. Borro-\'rer "hall pay .lIi L" \1.;',,", ~('i~eS\tllC'r}! ~l.nd other .:harges. fines a.nd impositions attributable to the Property which may ;lttain a prBwity over this Mortgage. and I~~ehold payments or ground rentsJ if any. in the manner proVided under paragraph .2 hereot nr. ;{ not paid In such manner, by Borrower making payment, when due. direcUy to the payee thereof. Borrower stwlJ promplly furJ1l~h {(l Lender aU nOtices of amounts due under thi~ paragraph. and in the eveDt HOrf(HIoCr shall mak~ payment dlfC(,-tiy. H,,1rrl,)Wa ...hall pn.lmptl~ furmsh to Lender receipts evidencing such payments. Horro'-"er shaH promptly di:ich~lfgt: any. lien \vhidl has prlonty over this Mortgage: provided. that Borrower shall not be requIred to dl~ch<lrge ;.in}" \IJI.:h Ilt.~n ,,~) long ,l~ Horw\It'ef shaH agrs:c in \I,Tltmg to the payment of the obligation secured by 'tudl1icn m a rllanner accePt,able 10 Lender. (1f "hal! 111 ~{)od taith \211ntest :\uch lien by, or defend enforcement of such lien in.. legal pro<...:eedmg:lo Whh.:h 0per.He to pH:v~nl th.; .:-nli.)f;.;ement of the hen ilf iorfeitU-f~ of the Prt.'P~ny or !\n}" p~"t tr.~~ 5, Hazard lnsuranct'. &orr{)\l.'er ...haU k~p the ,mpro~cmenh no\\ e'\htmg ilf hereafter erected on the Property insured agaJ.nsllo..\S by fire. hazards indulh:d \\-llhm the [COll "c~tcndcd coverage", and such other hazards as Lender may r~uire md In sU1.:h anwllnts ilnd tor su;.:h pcnut.b J.:-i lendel may ft:quin~; prt.wided. that Lender shaH not require that the amount of SlJch coverage cJ.cet'd thaI ~\mliunt ~)f >..'o\-er.lgc requlrro to pay the \lIms 5.ccured by this. Mortgage. The msuran.:e ",:arrier pHwiding the ins.uf.~Ih;e ,;"hall be- \:ho5en by Borrower subje<.:.t to approval by Lender; provided. thai. such approval shaH not be unreasuo:.t.hly \.il,thhcld. All premiums on insurance policies. shall be paid in th~- manner pro\'lded under paragraph :2 her~of QC. ,r Hdl p~ud in ~lli..:h mannd. hy Borrower making payment. when due, directly to the msuraoce carner. All insurance pohca~_~ anJ renc\\-4is thert.'\'1 "hail be: in form .I~c('ptabk to l.enJ~r and shall include a standard mort.. dause in favor i,.1f and m f,,)fm <ic..:.:ptdhle It) t.t:nder. Lenuer ..hail have the right to hold the policies and renewals thereof, and Borrower :-thall promp-~jy furmsh w l. ender aU r~nev.<it nO[IC(S and all f(ceipts of paid premiums. In the event of Ioss~ Borrower shall glVt" pf()mpl n".lti~C tu the Insur.tlh,:'~ l,.'arncr and Lender. Lender may make proof of lo5s if not made promPtly by Borrower Unless Lender ..l-nU Born,.lwt:1" t)therwl~ agrc..: in writing. msuranc~ proceeds shall be applied to restoration or repair of- the Property daro"i~d, prOVIded ,u.:h r.."'rall,lO or ropalf IS economIcally feasible and the security of this MOl'l&aae is not thereby impaired, It ,u~h r,::,wracion Qf repair JS not c..:ont.'mi~ally feasible or if tbe set;:l,Irity of this Mortlagc wou.ld be Impalfed, the In,or.n.:e pmceeds ,h.1I be applied (" the sums sc<:ured by this MOrli"ie, with the excess, if any, paid to Bormwer. It the Propen' l> abandoned by [1<)ffOW.', or ,{ Borr,>wer fails to respond to Lender within 30 days from the date noU,,:e IS illiuJeJ by Lender h..' Borro\\"cr that the insurance carrici otfers to seule a claim for insurange benefitt. Lender IS ..uthoozed 10 .:ollcet am.! apply lhe 1n><llance proceeds at Lender's option either to restoration or repair of the Property or to the swns s.e~ured by thIS Mortgage, U!llcs.\ Lender and Borrowe, ,)me", 1>C ;;gree 111 '\mmg, any such application of proceeds to principal shall nOl extend or l'O"tpone lhe due date of the 1I10mhly Installments referred to Hl paragraphs I and 2 hereof or change the amount of such lnslllllmenls. II under paragraph! S hereof th. Property is acqlllred by Lender, all right, title and interest of 8orrowlll' in ~nd !e 3UY m~~rance pchctcs J.~d :n and to the pr(X'eeCs thereot resuhing from damage to the Property prior to the &a.!e or acquiSltl1,1n shaH pass to Leader h) the c\.tenl lA the sums secured b} this Mortgage immwlateiy prior to such sale or acquisition, 6. "'-n..tlo& aed MlIiiIten&ll<e o( Propert} r Leasebolds; (' ondomioiumsr PIa......d Unit llevdop......l$. Borrower ~li keep the Property in good repair and .hall not commit wo.ue or perm.t impairment or deterioration of the Property and shall cc'mply with lhe provISIons {If any I..... If thlS Mongage IS on a l.asehold, Ii this Mortgage is on a unit in a con-domimmn 1..'\( .i planned umt deveiopm~nt. Borro"",cr shall perform aU of Borrower's. obligations under the declaration Of co\'eo&ot.s c-fcahng or glJyermng [he n"odommium or planned lll1!t development. (he by~laws and resulauoni- of the I.,:~)ndonumum i..)( planned unit devdupnlt':H!. and (:onstimt::m Jtxuments. if a cont..i()minium or planned unit development nder li- -executed by &.tno-wee and fClo,:orded wgt:lher \'wIth ihi~ M')rt&a~(, the I,;OVendUts and agreemenu of such rider Jo!il! be !-!h:!!!pur-aie.-J mto and sh~!i arn::ua. ;;:.nJ :,;upplement the ;,;pvenan,ts and ag:'ee..flu:-ntt: of thi~ Mortgage as if the rWer wc,e a "",1 hereof. 7. ~ftoa of (..eacIfl"'. SKurit}'. It Borrowcr Luls tt1 p.:rfftfm the covenants and agr~menl:$ c,,-"lntalned in thi~ Mortaqt'> ('l-T if any action I.."f l"-H.'w.;eedlng 1'> ';:-l~n1men~d whh.:h materially atfed$ l.ender's interest in the Property. ltl('ludmi, hut n{lt hnllted to. l'U\Ulent &::unam. iowh-'coc}'. 1.:0.0(' enforcement, or turangemenL'i. Of proceedings iovolviq a hankru-pl 1.1, dC"t:edc:nt, ,hen Lt.nt'kr <!l 1 enJer'~ (~ptlon. UJ:k)o nuO.;:" lu HOH-()Wa, m~')' rna~e su\:h appea.rances. disburse such \i.un~ 31wi l'Iie 3i.i&n )\\';1\00 a~ 11. l~--C,~Y h' pHHC-(':[ tCIl-&r'!; uitc:rest, Illdudmg. hut not linHt-ed t..), "hsbursement 01 n::..\$o:)n.t-~i€ aHDffic}:'-" !<<~ iill~ t"_na} l~pon the. Pr..~pc!!}' to maKe- rcp-d:r<, It Lenuet rC4Ulr,\1 nh)rti:.age Ul~urance a-s a .. vuJII;l-vn tJt rna"-Ulj tOt; h:ra.~ 'iJ.':\._UfCJ h} lhl~ M._ntgag-e. ROHiiVtt:l ).h~dl pa) th1.~ prt:miums reqwrcd to nlaimain orsu,-h m"f,H~n~"('. 111 d:~....~ ;j~ii~t ",,;H~h i-H1"I\: ,'''' \~lC n:::>4lii-:'i'rn-t.nt t'nr -,,;;..h m;iuf,jiiH:C ;....trrw,atc, Hi. J(_\.'utd:a:rK.... wuh Bi:;rr(.wa\ ~nd r