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<br />84..-e 005236
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<br />UNIFORM COVfN'\N]~. Borrower and Lender covenant anq agree :tS follows:
<br />l. Payment of Principal and Interest, Borrower shall pr~mptly pay when due the princip,t1 of and mterest on the
<br />mdehtednc" evidenced by the Note, prepayment and late charges as provided m the Note, and the principal of and interest
<br />on any Future Advance>.; secured by this Mortgage.
<br />2. Funds for Taxes and Insurance, Subject (0 applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day momhiy instaHrnents of prIncipal and interest are payable under the Note, untit the Note is paid in fun.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and a<<essmenls which may' allain priority ove~ this
<br />ivfortgage. and ground ients on the ProperlY. if <HIY. pius. OOEHwelfth of yeariy premium instaUments for hazard insurance,
<br />plus one-twelfth of yearly premiwn installment, for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to lime by Lender on Ihe hasis of assessmenls and hills and reasonable aslimates thereof.
<br />The Funds shall he held in an institulion Ihe deposits or account. of which are insured or guaranteed by a Federal or
<br />Slate agency (induding Lender if Lender is such an inSlilUlion), Lender shall apply the Funds to pay said taxes, assessments;
<br />,"surance premiums and ground renlS, Lender may nOI charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessmenls and bills, unless Lender pays Borrower interest on the Funds and lIppficablll Jaw
<br />permits Lender to make such. charge. Borrower and Lender may agree in writing at the time of execution oithis
<br />MOftgagc- that Interest 011 :hc Funds ~haii be paid [0 Borrower~ and unless such- agreement is made or _ app~icable- Jaw-
<br />requir~ ~uch interest to be paid, Lender s.haH nm be- iequired to pay Borrower any intercst -or earnings Qrf the:--_Fu~~_ ~~~
<br />shall give 10 Borrower, without charge, an annual a""ounling of the Funds showing credits and debits to the runilS andtlle
<br />purpose tor which each debil 10 Ihe Funds was made, The Funds are pledged as additional security forthesums'sccured
<br />by this Mortgage
<br />H the amount of !he Funds held hy Lender, together ",jlh the fUlUre monlhly installmenlS of Funds pafliblepl'ior,'to
<br />the due dales of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay sail\tues,
<br />assessment~. insurance premiums and gn:n.md rent5 as they faU due, such e-xcess shaH he. :at Bnrr~r'.$ 'cyt.~__;'eJ~~,-',,\~--,_,
<br />promptly repaid to Borrower or credired t('l Borrower on monthly installments of Funds.- If the tU11ount"o~ J~--'.~~.,-
<br />held by Lender ,hall not be sufficient to pay laxes, assessments, insurance premiums and ground rents aitbeyfaIFcd1lii;'c:'-
<br />Borrower shall pay 10 Lender any amoun! necessary 10 make up the deficiency witltin30days from the date notiee ls,mailllif" ,
<br />by Lender to Borrower requesting paj'ment IhefCt'1t_
<br />Upon payment JD full of aU sums ~cured by thi:) !\.fortgage, Lender shall promptly refund iO BofroWCr',any -F~n~
<br />beld by Lender, If under paragraph I ~ hereollhe Propertv IS ,old or the ProperlY i. otherwise acquired by Lelldu. Len~
<br />shall apply, 110 laler than Immediately prior to Ihe sale of the Property or ilS acquisition by Lender. any Funds' heid by
<br />Lender at the lime of application 'IS a credit against Ihe sums secured by tbi. Mortgage,
<br />3, Appliclll.ion of Payments. l'nlcs., applicable law pro,,,les ,,:, ~ rwise, all payments received by Lendol' under' the
<br />Note and pa;agraph3 I and 2 hereof ~h~l~ he u.p~iicd by Lcovei ,-.U ';1 tmy-ment of a-:':.vunts payabie to Lender by B_OrroWCf
<br />under paragraph 2 hereo!, tben 10 'IlICrest payahle 011 tne No' ,~,en m the principal of Ihe Note, and then to interatand
<br />pnncJpal on any Future Advances.
<br />4. Charges; Liens.. B.c'rnm-er )h~.i1 pa) .Ill I.t\t:', ~t"SCss.mcnh .lOd other charges. fines and impositions attf.butable,.to
<br />Ihe Propc:rt)' whicb may atlain a pn,)fity over thIS ~lort~a~e, and leasehold payment. or ground rents, if allY, in the maJl_
<br />prOVided under paragraph 2 hereol or. ,( n,>1 paid 111 ,uch manner, by Borrower maklr.g payllten!, when due, din=ctly 101M
<br />payee thereof. Borr~Jwer shaH prl.)mptly fUflllsh to Lender ..11 ll(luces ()f amounts due under this paragraph~ and in tho,event
<br />Borrower s.haH make pa~menf d!rt'---.:ll~. BGrrO'Acf ..l1all pr()mp~ly furnish to Lender receipts evidencing $ouch pa~
<br />H,mower ,haH promptly disch,"ge any lien wh..:h has pflOll1)' ,"cr Ihis Mongage; provided. tbat BorrowershaJl not be
<br />reqUIred to dl~harge any ~lJ-ch lien ~\) 1011);; .,~ BOrflJ\lliCr -shall agree in \.Hiriug- to the payment of the obligation secured. by
<br />'HlCh hen In a manner ac~eplabie W Lcnd~r, t}j '-lo;.tH 10 go,'o {alto contc", such hen by. Qr defend enforcement of such lien in.
<br />legal pn.xeedmgs WhKh operate to prt:vcnt ~hc cn(\)n.:emenl ()f rhe iH.::n or ron"cuure of the Propeny or any part thereoi.
<br />5. H=nn! lmunmct:. Bo-rro~cr shaH leer the impro\-'cm-coh mw. C;;.bililg or hereafter ere\:led on the Property ift$Ured
<br />agajnst loss by fire. hazards im:.hrdcJ ",'uhm the term "extended ciweragc'., and such other hazards as Len4er, may require
<br />and In sw.:h amuunts anJ ItJf su.:.h perRld:t as Lender Ol.;ty r~qutr-c; pr\.wided. {hat Lender shaH not require that the amount of
<br />SlIch co"'era~e c:\cectl that a.m0unt l~f ~O\-'Cl'dgt: r~qUlrC'u it.l pa~ the \ums ~ectlrcd by this Mortgage_
<br />The lnsuran..:e carner ph'l...~ding !he iI1\utancc i;.h~tll he (hosen by Borro\\'er subject to approval by Lende~ provided.-
<br />rhal SiKh ap-pft.wal shaH nOl be unrea.\ooably wlthheJd. All pfcmHlms ('0 insurant.::e p<llicies shall be paid in the manner
<br />prOVided under paragraph 2 herel.)i uf. It nul p.w.i 11\ :SUF.,:h manner. hy Borrow~r making payment, when duet directly to the
<br />lO~urance carnu_
<br />An insuran~c pola,'lcs and rcnc'J.ah lhen.~,q "t;..dJ r...: in form. ........o:pl.-ibk w LcnJci and shall include a :.tindard monlilF
<br />\..'iause in faVl)f i.)f and 10 l(lrm a(:~eptJ~le h1 Lel1dcl L\.'fhicr ,hall ha\<c the right hJ ht,'lld fhe policies and renewals thereof,
<br />and Bornl\ltcr sh....l! pr-ompli~ !t.lIlll~h hI Ll:odcr ",it [;.'I\\......'..j nOllct's and all re.:::elPts of' paid premium1l, In the event of loss.
<br />BorHlwef s'hall 81\'(: prompt IltJt!L-C h.' lhe ln~Ur>lIh.'\.' -..,:.aTnCf and l.ender- Lender may make prO'..)! of loss if not made prompCly
<br />bv Borrower.
<br />. Unless l.ender ..mJ B~')H()\\.Cf lllhC'f\\-\..c agr"~ III \\-rilmg, 1I1...urance p..occ~d\ shaH be applied to restoration or repair of
<br />the Propert) JdJU,aged, prl);'lUcJ ~u~h fi:lih.lrallon or n:palr is Ci.:onOfm~aHy fea~ibJe and l~ security of this Mortlase is
<br />not thereby impawed, it \Ui.:h rl"stl.1fJtlvO vf h.-p.ilr IS nN ':...:un00lH.:OlH, ieasible or If the sec:unty of thiS Mortgage would
<br />be Impaired, the ln,urance p"",eeds ,hall be applied (" the sums ,"cured b) thiS Mortgage, wilh !be excess. if any, paid
<br />to Borrower. If the Pro~rt)- JS .th.wJ.1ueJ by B0rro\\'cr. i.~( it Borrower fails. to respond to Lender within 30 days from the
<br />date notke IS malleJ bv lender 1(' I:h:Hh)y.cr th.u th~ lHSouran..;( ...~Mri~r offers to seule il claim for insuram:e benefits, Lender
<br />tS aUlhoriud to >,;\..111ect and appl~ the lll:\uran~.:e pr~x:eeds at LenJer's op!lon either to restvrarion or repair ot the Property
<br />or to tbe SWIl> se,'ured by this MOrlgage
<br />UnJess Lender and Borru\\'~r ~)[ht::rn l~e J.grec In \\ flung. an) ),u:.:h apph'<ition of proceeds to pnncipal shall not ex.tend
<br />t.."lf postpone the due dale la' the mvnthly io)taHmctllS referred l~) in pafagraph~ I and 2 hereof or change the amount of
<br />sucb lOstallments, If under paragraph IS hereof Ihe Properl; " a"qulred b, Lender, all nght, tille and inleres! of Borrower
<br />in iOct i" ;i[,~ inSu.;itfi~~ pc.ln.:.ic:) ~iiJ jiJ .,1lHl h' tilT;; plu\'Cl;;d~ ihc:ttvi ioulllug. horll Ualtia~C tu the: Propeny prior io Inf. sale
<br />or acquisluon shah pa.!.~ [0 Lender h,' the e,-xtent of the ~unlS sc.::urrd bj thl~ Mortg-dgc wlmediately prior to such sale or
<br />acquisitiQu.
<br />o~ PiUen-aliun ami l\laiaienance oj Propt'rt~; I.ease-holds; (~ondomipiums~ Planned Vllit Ue\'elopmen1s. Borrower
<br />shall keep the Property in good rcpau and mall not ~onullil wasIl: I,)r permit impaIrment or deterioration of the Propcrty
<br />iind s.hall comply with the prOVl5.lOns: ,)1 any lease II thl~ MI.)rtgagc h on il I":,ischold, It thi~ Mortgage is on a lInlt in a
<br />condomimum ,'H: a pla.nned umt devch'pmcnt, Bt.lrrowcr ~hatl perfDrm dB 01' Borruwer's obllgallons under the declaration
<br />or i.;o'\'enants. crcOltlOJ or govcfmng lhe- ..:ondl)mmmm i.'f planned unit dcvdopmt.'I1L lh~ by-laws and n:gltl-ation:; of ,he
<br />l.:ondominwm or planned unit deyclnpnh~nt. ~1JlJ \.:onslitucnt JOl:umcnt~. It a ....lln...h)UllnIUrU or planm~:d Wilt ul!vefopmcnt
<br />nder Ui i::xccuted hI; Borrower i!no re,~ordC'J t1.li;C'lher \\-Ith ttw. Mt.H1~aitc. the ;.;u~cltanls- .md agreemci1h 01 :at~h rider
<br />shall be mcorpora<<:d JUto and mall arn~nd and :i.upplcOlcJU the ;,:-ovcnanb and agreements of thIS .Murte:age as if the rider
<br />...ere . part hereof.
<br />7~ Protectioa of lADder's SKurity~ If 8';)rfower falls to pcrh)fm (he ...;.)\-'enant~ dno agrcJ:mcnts ~(lnouncd 10 Itll\-
<br />Mortaaac, Of if any adil)t1 tlr proceeding ,-" cprnmefh.>eJ "hh.:h materia-II): afTt'-("h I.-ender's Int~rest in the Pro~rty,
<br />mdudml-. but no't hmtted to. eff\lnt'nt doma~j'L !liliolvenq', cod-e e'~h\'\;cment. ;:\r ;:urangemrtlts t'l' rn.'lCC"c4Jing$ in\'olvmg a
<br />bankrupt Of Je~cdcnl. Ihcn Ltndcf a.t 1 cnJe(!:i .opth'n, upon n011(,:(.: It> U(~ff\.l"t:: nl.\~ jn~-lkc s-u(h ..Ip~X~.JnHH.:c;i, dl...hursc .'lo\.h.::h
<br />M101\ aud tA.ke utl.:h _,:L(,)O it\. I$. nc~c~~~xy {p pn.)H:';.;i Le-ndez'\ l.fll(;Jt!'l, m;,:'ludmg. hll! Ihll ltlHfh:d to. dl"bur:"em..~m III
<br />f(,;LII.(1f14bl,( ~!Iotni,~y',~ f~-i;'~ ..nd I,"ntry 'Ji-'l;.HI ipt; l:tll,\fK"lj 1(' !l1.-I!o,t' ft,'P_l!!\ Ii l'.t't\.Jc, re,.pm>;.'j m,'rt~.l~~ jW,:,lr~~n":t' ;;.~ ;\
<br />-lnrH.f,twn (It mak:ng !hl: loan \t;d.ue-J h) i~W', M".(tg~tg~. jk~rr,~'."(1 ~h<1!i i',l~ In\: pli.'m,um~ l\.'q,tlr-cd hI nlaiIlt;]jl\ 'iu...h
<br />ifintPHH..e H1 dfe~ 1 linli! ,n-..:h Ufnc ;1'. Ih\' n.':qulf~~men! fot -'~lJd1 jn(;!Jnu'h,'{' !t'i'!l1ln.lh,'~. !l\ JC~:i~!dand.' \.\-nh n"H1.'\I,'n'\ ;'ln~t
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