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<br />8Ll - 006165
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note, including any variations resulting from changes in the contract rate, and other
<br />charges as provided in the Note,
<br />2. funds for Taxes and Insurance. Subject to applicable law or waiver by Lender, Borrower shall pay to Lender on
<br />the day monthiy payments of principai and illierest are payable under the Note, until the Note is paid .in fuH, a sum
<br />(herein "Funds") equal to <me.twelfth of the yearly taxes and assessments (Including condominium-and planned unit
<br />development assessments, if any) which may attain priority over this Mortgage and ground rents on the Property,ifany,
<br />plus one.twelfth of yearly premium installmellls for hazard insurance, plus one-twelfth of yearly premium installments
<br />for mortgage insurance. if any, all as reasollably estimated initially and from time to time by Lender on the basis of
<br />assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds
<br />to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such
<br />. ... . - . .. -
<br />flower lS an mSlnullonal lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an in!;titulion the deposits or accounts of which are
<br />insured or guaranteed by a Federal or ,late agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said laxe!;. as!;e!;Sments, insurance premiums and ground rents, Lender may not charge for so holding
<br />and applying the Funds, analyzing sai,d account or v~rifying and t~ompiling said assessments and biHsj unless Lender pays
<br />Borrower interest on the Funds and appiicable law permits Lender in rnake such a charge. Borrower and Lender may
<br />agree in writing at lhe time of execution of {his Mortgage that inrerest on The Funds shaH be paid [0 Borrower, and unless
<br />such agreement is made or applicable law r"quircs ,uch inter",t 10 be paid, Lender shall not be required to pay Borrower
<br />any interest or earnings on the Funds. Lender shaH giye 10 Borrower, wHhot.H charge, an annual accounting of the Funds
<br />,howing cred.t, and debils io ,he Fund, and the purposc for whi. _. ,,- h debit to the Fund!; was made, The Funds are
<br />pledged as additional s.ecurlty for the sums ijt'~:ured by i:-d5 ""t, :\,
<br />if the amount l)f the Funds h!"'Jd ~~y LerHk", 1 <~t1 her ';'>,' -" P,t: future monthly installment5 of Funds payable pr.ior to
<br />(he due dale~ of taxes. ~.sse....smeni.s. Insurance premiums and ground rents, shan exceed the amount required to pay said
<br />taxes. assessments, insurance premiums and ground rents as they faD due, such excess shaH be, at Borrower~s option,
<br />either promptly repaid '0 Borrowe, or crediled t,) Borrower on monthly inslallmenrs of Funds, II' the amount of the
<br />Funds held by Lender ,hall no: k sulfic,cl1l tD pay taxes. assessments, insurance premiums and ground rents as they fall
<br />due. Borrower ~haH pay ro Lender any amuunt neces~ary to make up the deficiency in one or more payments as Lender
<br />may reqUIre,
<br />Upon payment Hi full I,}! all "urns -;.c(uretl by Ihis, ~1or!~a!t(', Lender shall pronlptly refund to Borrower any ,Funds
<br />held by Lender. If under paragraph I? hereof the Prf.iperty j;.; sold (';1' fhe Property is otherwise acquired by Lender.
<br />Lender \haH apply, no later !tl..-Hl H1HncJl~uely prior In !he s.ak of rhe ProperlY or its ';''lCquisilion by Lender. any Funds
<br />helt! by Lender al :he- ilme (\-f appill.:anun a:.: a credit a.gams{ the ~ums ,"l'"t:ure-d by lhis ~lortgagt:_.
<br />J. Appjication of I"aymf'nb. t;1I1c.s~ applil.:.ahic law provHJes otherwl.s,e. or unless interest on the Note is
<br />precomputed. all payment~ retflVed t"'-\' i endcr under I he Note and para~raphs J and 2 hereof shaH be applied by Lender
<br />first m payment \_)! ami..HHH<; pa':dbk i tndn by Born)wer under paragraph 2 hereof, rhen to interest payable at the
<br />applicable c-ontn'h:l rare, and then In lhe pnncipal of the- N(.tt.
<br />..to Prior Mort.lft> and Ot"fflS (~f Trust~ Charges; tiens, Borrower ..hall perform all of Borrower's obligation.s:
<br />under any mortgage, ,Je-eJ (If :JU",-t Dr [llher '<t'"l.'unl',-' a~n:-('mt.~ilt With ~{ hen ""tHen ha'i priority (jVt'_f tillS !,\'1ongage,
<br />!nduding Borrower'" ,:,-}\,cnant\ [\.j make pUVmCl1h \-\ hen due, f,\nrro\i,.CI ~haH va\-' or (:llUS-e to he p,ud all taxes.
<br />as,sessmenl-s anu othcf ,-h~ugc~. ;iHe~ and nnpo,\;twli;, annbUI~1hk!i~ H!e Prupcr1Y \\ilich may attain a priOrIty \.wer this
<br />Nlortgage, and ie3st:_hohJ paym\~fIi~ C'f ghHJi1J ft'Hh, If .tn~-'
<br />5. Hazard insur-an<<. Borro\-\-t'l' ,hall b:cp [fa: nnpro'..t.rnelH'" now C'Xl~!tng. Of hereafter ere(:red un lhe Property
<br />insured agiHn~t k'>s\ by fire. h.uarJ_\ HlI'::(U-d~ ,,\-!thin {he- t'om "e'\tended ;;ov('rage", ;wd: surh (,ther ha.l.ard~ as. Lender
<br />may icquit"l~ and !n ,,-udl ~Hth'rtHlt.. and f',\f ..Udl pe!i~Hjs d-" t'tndcf muy re4ulre,
<br />fhe ins.uraJh,,-e- curnt'-f providmg. the InSUfarh.:~ .,h~iH be dh"'it('l! t'iV Borrower -,~ubJe(l (() approval by Lt.:uder; provided.
<br />lhal :',ul.:h appro', ~l "h~iH ll~~! be unl t-as.tlnabiy \\ irhhdJ. ->\li itl~uranl,.'e pob.:ies und renewals tbC'[("of shail be in a form
<br />acccptable 10 l e,nd(;! and <;haH !lll.:luJe ,\ ~;,;uHL.Hd mOHgagl' \,:liJuse HI tavor (,r and in ~1 form ao.;:eptable to Lender.
<br />Lender ,hail han: ih~ r~gb! ~,_\ l'lt)ld rhc p~lil('!o anL.! f't'nt'\\'al.s dlef~'()f. .'.ubJect to !he !ernh iil any nUJrtgag.c, deed of trust
<br />\'1' ('Jth~r ~c~urliY <Jgn:e!W.:."Ht wi!h a lien \VhH:h hi.lfl pnonty ~l\t:f dll\ t"l\)Iii,a.g~
<br />In !htt'\cn: ,,\1 h)~~, BnHuwe-! ~hail g.i"t' pftHl\P! HUlke iZl the Hl~uran<,,:t: (."Ufner dlHJ L:nder, Lender may make PitH,)!
<br />l'f jDS.~ If nOt made pr....Hnp{jy by BtHf\\Wl'f.
<br />If ~he Property i:- apanuun~d by Hl.Jff(\v..-t:f. Of if BGrfO\lrCf fail~ lG r<:-~polHj tn Lend~~r wi[hlll 30 days. from {ill,' -dJ.tc
<br />nonce i~ mali-ed b~ !.en~1ef fO Borrov.:t'f th;.H I he i!"~:-.unHh"t' \.'<iff!er olftr':< i,;-' '1d!ic ~1 ;.:!ann for lllsuranl.:t' hent'fits. Lender i",
<br />aUihofue-J (0 Lulie"'l and applY tot' ifl!lurMh,.'t." pru...:eeu'); i.il Lend.er':., (-,plj,)n t:~!tit'r (n n::-,U,)!t!!h}fl Uf nop~lr (_d' the P!'1.)pcn\"
<br />ur to ;he ..unt:!-. 'jttur~d by Jhl~ \tungagc,
<br />04 rh:M:f';'alion a_nd '1i1intenilnn~ of Property: LeaM-:boids; ("unduminiums; P:lann...tI {'nti Uen....lopm...nl"i,
<br />B,,-lrrl.'\'~1' :\h3H b.~cp the F'ruI-'J-t:ny in .l}.u'-Jd feD,lll a.nJ ",!tail nut U)!nn1i! \\a",tt ~:'; ptrmH If!lpaHJnCn! ot dt~!erhHa!ion ;;If the
<br />Prupen! and ~haH -comply \.vHh the pro\ bl,.-'OS (.,1 .Hlj ~t'a~e if rflll"> :vlur 19..,ge l~ on ~1 ka,\t.'ht.Jld. 1 ( thiS ;\1ongagc 1\ un a unit
<br />in a ;,;ofldominlum r"r a pian-ned ani! de".dopmenl. B'i.HiO\-\er :'J-haH perform ill! ef Bon...;w~r'; ohiigHtions under the
<br />d.e--Claraf~ua ,-\f (:0>q::nant.... ,:.:reaDng or gO\'t:rmng ih(< ...~pnJomin!urn l.'t rianned \.l!'lll Je\"clopment. nlC t-,y.iaW5 and
<br />re-guial1pn~ uf nit'- ....l1-n\.l.:Huinium ,n' piannt:'ti Ul1l! developrnt-IH, ,tnd l:~,Hbil!W.-;Ht J\'t..~umefH<';,
<br />7. Prolt:dion of tender', ~-tur1ty. It HorrCi,"\''':! i'a.JI.,. it' p\'"rfOfln [i,(' ,,-'.l\t,;'llaH(~ and i,lg.tt"~lnctll:'l \:>,llii,<iJHtJ in ih:~
<br />\oto!tgagcf PI if a.n} ad ion ,yt pro(et<ding b \.'ommc!h.'ed whKtl HHitCTlilHy ~ti it'd'i Lcnu-tf '\ Hltfit'...( !II lht" !'ropel 1 \'. ; hl.~n
<br />Lt.onJet:, -<11 tCHiJer'; "_'P!HHl. UpvH nnilJ,.:t" thHH'W~?i, may l!1dke .~u..:h Jpfx"aranl.:<::<'. dr,,,t'I.HW ,"'\1\';\ "I!m~, uhJut.hn~
<br />tr.,a_3>\,m,at,}t.t al~nrnC)~' h""e,'J., and rake \\H.:h a'""th~u d~ l~ Il~':'~-\.':-.~-ur)' Il.l prtltc..t l t'fldl'I'~ HIICit'_",' IJ l cmkr n'q111it'tl mPt!gJl~t'
<br />ms-~nnH;'e .-.:}~ ~ t,',:m<.Hli()-{i ~~f m~kin5 ~he loan ~c{,:'ufco hy ihi~ Mtln_gage, i-kHh)\\er :-,b<.lli pay [he' premltiO;'_" r{'..'~\we'd h~
<br />nl~HHaln \u..:-h ins.urdtH.:;f ltl t:rfttt UfHlt :;.uJ.:-h tH"p.c .\_" the ft:qulfr.nh:Hi L,j' ..,u\,..h Hl).UldH...'(; 1~~ilHmH(" \n .1l;;'HrJ.Jlh.f w\~h
<br />UOJh:i:Wn'", and LotiHjer'" wnHrn iiiH."cH1cni I.r i.ippb..:abi€' !a\'L
<br />An" ilJHnunt ~ d!~burscd hy L.endl'r pHhuanl k~ lht-. p':'il.;.tffilpti ~"'H h ~n~!.'! i'"5~ ! h~~-:'\ T ;H UU::' ..~~ph..-~d~k C"';'~; ~;.t-' '<~",.
<br />s.haH t~~tH-H( a'\h.ilhf:HHl-llnckb-tr-l.hH:iot,!',. of B{lH,),"",cr "....,'tH \'\1 hy {hl~ 'lof(g~li4;;:< ~ i 'r,!(1i.'t H~H) {)u.el ~:l.lld L endi'..'i ;l~t,~t: \~\ ~-'lhel
<br />l~tntjl, ~)f p.:.iJ'HH"fH, 'Hi-ch .Hl'hhHh'i. _<i.flaU ~.,t pav[ibk tq_hH~ nOth:-e 1fum l..::Hdff ;\' HOff;;"'''t.'t 1~qU~~'';;H'''~ r;,~...:n('jll i.ht'}('O!
<br />.\t{:~hiHg ~WH-':UH-~d HI ih~,> p~rai;i1jph ") 'ha.B n:~-':--iUHT i,\"nJt'f k' H\I~,~j ,iti\ <:\f,t'il">t \H ;:d..,' .ill', fj~'l'('iW~h'!
<br />I, t.~.tiufl. i -en41~r Hilly mJ:1:l~ :.,t ~:;.J.-h~(' ~o h-'l"-' Hi;;I-H.:k ;,{"a,:n_Hi.ahk !.~n\~ 1t'" td.,_'n :md :tf'"p-;,,:H,-',n., : !:\~ f), 'W>;'! \ \
<br />PU_;<,'li$l1:~ Ihit~ ;,f'f';-O(,J: ..hiiiH ~~'n; n-<:_tHi't"iJlot"f rp:d'd,' pno! iHi'j '"'o~,,'_..'nd'k '>_;~W"-t.- j'i(,H~'h'! "i;i!n\
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