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<br />00511{!
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<br />UNIF()R~f COVEN"\Nl~. Borrower and Lender f.:OVCnanl an(~ agree as fol1ow5:
<br />I, Paymtnt of Principal and Interest, Borrower shall promptly pay when due the principal of and interest on the
<br />md~brednc~s c'o'idenced by the Note. prepayment and late charges. as provided in 1he Note. and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />1., .'..nds for Tax.. and IlISUrance, Subject to applicable law or to a written waiver by Lender, Bortower shall pay
<br />to Lender on the day monthiy instaliments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal 10 one-twelfth of the yearly taxes and a5-<<ssments which may attain priority over this
<br />Mortgage, amI ground rents on the Property, if any. plus one-twelfth or yearly premium instailments for hazard insurance,
<br />plus one-tweJft.h of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and 'rom
<br />time to time by Lender on the basis of assessments and hills and reasonable estimates thereof.
<br />The Funds shall be held in an instilUtion 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 />IOSurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing said account,
<br />or verifying 'IUd compilIng said assessments and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a ,harge. Borrower and Lender may agree in writing al the time of execution of this
<br />Mortgage that interest on the Funds ,hall be paid 10 Borrower, and unless such agreement is made or applicable 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 />shan give to Borrower, without charge. an annual :Jccounting of the Funds showing credits and debits to the Funds and the
<br />purpose tor whICh each debit to the Funds was made, The Funds are pledged as additional security for the sums secured
<br />hy th.. Mortgage.
<br />If the amount of the Funds held by Lender, together with lhe tUlure monthly installments of Funds payable prior to
<br />ihe due dates of taxes. assessments.. in.loiurance premIums and ground rents, shall exceed the amount required to pay- said-taxes,
<br />assessments, insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's opt.ion, either
<br />promptly repaid to Borrower or credited to Borrower on monthly IOstallments of Funds, If the amount of the Funds
<br />held by Lender ,hall not be sufficient to pay taxes, assessments, insurance premiums and ground reDts IlS they fall due.
<br />Borrower shall pay to Lender any amounl nC<.'essary 10 make up the deficiency witmn 30 days from the date notice is mailed
<br />by Lender to Borrower requesllng payment thereof.
<br />Upon payment 10 full of all sums secured by thiS Mortgage, Lender shall promplly refund to Borrower any Funds
<br />held by Lender Jt under paragraph I" hereof the Property" sold or the Property IS otherwi.. ""quired by Lender. Lender
<br />shall apply, no later than Immediateh pnor to the ,ale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the fmlC of application as a ~rcJi-t agaInst the sums secured by this, Mortgage.
<br />3. Application of Paymenrs. LJulcs.s ap-ph-cah-Je law pio\'id~ oth~rwi~. t!!I p~rfments !fXe!ved by lender' !!~..!' the:,-'
<br />?-~GIC ami pu.r.agraph'S ~ .i.J.'1d .1 nefem :o.li.lil be appile<i by Lender first In paymem of amounts payabie to Lender by BorroWer
<br />under paragraph 2 hereof, tben 10 Interest payabie on the Note. then, lhe principal of the Note, and then to interest and
<br />prinCIpal on any Future Advance" '. ,
<br />4. Chal"les; Liens. B...'rro.....er ...thin ~1J.y ,d1 ; J. "l-t'"",. .1,.."'eSSiT',~ .', ;.: .Hld Of her t'harges. fines and impositions attributable to
<br />lhe Property whkh ma~' ;;main a pnOr1lY ,)ver thl'\. Morrgagc. ~-I.nd leasehold payments or ground rents~ if any~ in the manner
<br />provided under paragraph 2 hereof or, d not p:!Id m \u~h manner. by Borro",'e::r making payment, when due~ diredly to the
<br />payee thereof Rorrower ~hd.1l pnmlptly i urmsh [t) L~ndcr aU nl)hCeS of amounts due under this paragraph, and- in the event
<br />Borrower Shilfi make paYlllent dlT\..'\.:liy, HOffo\o\.cr "hOlU rrllmpII~ IUTlllsh w Lender receipts evidencing such payments.:
<br />Borrower shaH promptly dtschargc any It.:n whIch has pnorH)' ,wer Ihis Mortgage: prOVided. that Borrower shall not be
<br />reqUired to dls..::hargc any ~uch hen ..0 tOllg ;.i~ BtlHowe-r -shaH agree in wrlrlng w the payment of the obligation- secured by
<br />"w::h hen Hi if. manner acceptabie t\'l Lender. l.r ..hail In gi..x-xi faith CHOU,:'l such hen by, or defend enforcement of such-lien-in,
<br />iegal pnx:ecdmgs whIch operate hi pn:vcut the- entor!;cment or the ll~n \Jr forfeiture of the Property or any part thereof.
<br />5. Hazard Insurance. Borro\l,:cr \hail keep the Impn.1\.cmenh now cxisung or hereafter erected on the Property insured
<br />agamst loss by fire. hazards mdutltd ....lthm thl,,' teml "-~':"tended t.""l)Veragc". and slIch other hazards as Lender may require
<br />and m such :J.mOl!flU a.nd f...~r su..:h petwds a.s. Lender may n:-qutre: pro\~ided, that Lend~r shan not require that the amount of
<br />such coverage e.\c-e~d that anlptmJ .....,f ..:\.-'\-erag~ reqUited t.) PJ,Y rhe ,;;um~ s,e-nH.eo by thi-!: Mnn:g:a.ge.
<br />The Hlsuram:e ,arner providing the lOSUf3R(;( :--haH he chos.en by Borrower subject to approval by Lender; proVIded.
<br />thai such approval ,hall nOl be unrea.onably wllhhetd~ Ali premIUms on insurance polici~ shall !>e paid in the manner
<br />provided under paragraph 2 he:eot or. < nul p;J.ai In stich manner. by Borrower making payment. when due, directly to the
<br />In:suance \,'arner,
<br />AI! insuran\.7e p~}hcte\ an~ re-n>:~-iil'i th-erc-i."-: sh;1.H b~ In ii.1[IT": <i(l..t:ptablc to Lendtj afld shol.iii include 11 standam mona.
<br />dause In favor pi and m t.xm 4~'eptdhk: h' L.:;nder. Lcnd~r ~h.aH hav~ the right to ht)-ld the policies and renewals thereof,
<br />and Borrower ~h.tll prompO\' tUlnl'sh to Lender ail rcf'lc'4al nOh;;\.!" and aU receipts of paid premiums. In lhe event of Joss,
<br />Borrower s-haU g:\"c prumpf th){Kc h' {he m~ur .inc\:' (Jrn~r O1nd Lender. i ender may mak.e proof of loss if not made promptly
<br />by Borrower
<br />Unl.... l eoder and BN",,,,e, oth,,,,,,,, .g''''' '" wnllng, ,",urallC'e proceeds shall be applied 10 restoration or repair of
<br />the Property danu\ge_u. provlded \u~h re-hliJrat!on lH repau l~ cconomkaUy feaSible and the security of this Monpac is
<br />not fnen::OY imPAlred if su(:h rC"'hU"<itHln i)-I r~pa!!' !S n'..'~ ~~~}!~-om!~aHy !e.;!.5!-h!~ or If :he ~ur~!y of !h~: M~:1iai~ 'wculd
<br />be Implllred, the lO.urance prlXeed, ,hall b<: applied to the sums secured by Ihts Mortgage, with the excess, if any, paid
<br />to Borrowel It the Propcn~ l~ ahamhmed h~ Borro.....er. {.\r 11 Borrower lail~ to respond to l~en-der within 30 days from the
<br />date nou\;e .i~ rnlilied bv Lender to Borro~'er that the Insurance I.:arllc:r offeN to seith.: a claim for msuranee benefits, Lender
<br />t\ authortzed ft.'" (oHect' and appiy the lfiiufancoe proceeds at Lenuer's uption either to restoration or repair of the- Property
<br />or to tbe sums s~ur-ed by' lhiS Mortgage
<br />Unless Lender and Borrower \)therv- I-M: agree l!l \.l,flttng. any such application of pfl'Xeeds to pnncipal shall not extend
<br />(\f postpone the dlJ<' date of the monthly in5taUmenls- rderred 10 In paragraphs i and 2 hereof or change the amount of
<br />su<;h Installments, l! urlder paragraph ; S hereof the Property IS acqUired b, Lender. all right, titl" and interest of Borrower
<br />in and tv an) in~'-ir.n.ci: poh';;i~ ;iftd ill. dud lO the pn.lCeM lhereoi resuil!:o,g from damage to lhe Property prior to the sate
<br />or a.:;qualuon ihaH ~ It'' Lender t(l the c\..lent of lhe ~ums ~~ured by this. Mortgage Immediately prior to suc-h sale or
<br />a.~qwsJtJon.
<br />4. ~............ Maillt"_,,, of Property: t.....hoIds: C,odominiumo; Planned UBit De"elop_nts. Borrower
<br />shall keep 1"" Properly in good repair and shall nOl commit waSle or permn lInpa'rmenl or delerioration of the Property
<br />.and shaH comply with the pro\"iswns of any lease It thi'!\. Mortgagt: 1\ l..:m a kaschold. If this ?\-fortgage is on a unit in a
<br />,ondonuna.un (Of .1 pla.nned umt development, BOr!"O"'-Cf ~haH perlorm .Llt of Borrower's ohhgallons under the declaration
<br />Of i:oYenants CfC-aUOg Of g-ovettUng the t:ondt.)mlliwm .of pbmned umt development. the h)'~)aws and regulations of the
<br />t:oodominrum 0'1 planned unit de\<eh)pmcut. .wd (.(\-os.utuent Jocwut'"nt'S. Ii a ('tHHJominium or planned UOlt development
<br />rider is eU\\..u~ bj~ &rro\\-w ~nd reuJ-fdc-d lOgr:lhcf wllh thiS Mortgag~. the Ct)vctunL" and agreement3 of such rider
<br />.haI1 be iDcorporated llIlO ....d shaH amend amI ",pplcmeot the covenant, 4n.! agreement. of tht. Mortgage as If the rider
<br />"""'" a part hef'COf,
<br />7. Protodioo of 1~.IMIer'. SKurity. If Borrower f-aJI~ i\' per-ff'lnn the ;;~o""enanh atht agrcc:menl5 ("-notainM in thi~
<br />MOf..... tW' j{ any IICU-OO l)f Pfof,:cf:;(hng I~ i..ilmmen-ce-d whll;h mater,any atlef.'ts l.ender'~ Hlteres.t in the Property,
<br />IM,tUd.,,.,. but nOC hmncd: to. Cmnlefl{ dornAln. msohen\:-y, c\""\tie t'nh~r(emc:nt. t"H arrangemcnts or procn-dinss u1Vtllvin, a
<br />n.nkrupt dr d<(~dent, lhen i ~mi-t'f d{ l enuer'.~ flptl(JU, Upl.1fl rlphd' !l.' B\}H(~y.-'er, H1a; make ~\h.::h ap-pe-.arant.:e.s... ,hsoonc such
<br />;J,l.iIJl1: and fue il"h 4<;ttQfJ "" t~ -flC;...:c:!;.\a.ry w pnJ-tCt.t L~nd~(" HH;;fCJo.t, ;fu.:lmhfttt-. ~u! n()t IHl.HHH.t W. \.hsbuneme-nt t)f
<br />re--awnable J,J.iorney\ i<<" Ano (!:fH.l)' ~~pot~1i the Ptopelt~ 10 m",..c f';-p.,Ut\ If LendcI l~-yUH('d fih.\rtgagc H'l'Sour<\nCl~ i.\\ .t
<br />~~...talJjHNl .)f O"l8m, In/( k!An ~e.;,:mCiJ ~y ;h:\ MHHtt~tg(:", """,'n:'"yI.-~r ~h~liJ I-',,}\- fhe premnmH H'qlllfc-d f....' mainttllll "-"h.h
<br />-I-mut_Jl(';(t' In t<ft<<t untit \Hen time il'ii tht'" tt'.~UU('-fht"'.fH fn-t 'HK-h HV,ufJJ.ft-Cf'" l("nrail'ltl:" 'f! ~'.>::.~nrl_!!t1-,,~P '';''dt~ H,'!r~";'{e-r\ a.:hi
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