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<br />UrtxFaatut GownrtA;c°a's. Harrower and Laeader covtnant and agree as follows:
<br />2. iPa of ~ IIiderest. Harrower shall promptly pay when due the principal of and interest on the
<br />iadehttiducsa evidenced:fr}s iheNote, prepayment and late charges as provided in the Nate, and the: principal: of and. interest
<br />an any F^uture Adwanccs secared:hy this '.Nortga®c:
<br />2, Fiords €or Ta+us sett Iac. Subject to appllcablc Jaw or to a written waiver by Lender, Bcrrawer shalt pay
<br />to I,e4;lea on the day monthly installments of prinefpal and itttet~si arc payable under the Note, unlit the Note is paid in full,
<br />a sutra. (herein "Funds") eeiuaf to one-twelfth at the-yearly taxes and assessments which may attain priority over this
<br />Morlgt:ge, and grouarl rents an the Pt+apeny,tE any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus are•ttaelfth o€ 5 oazly premium instatJrnettts for mortgage. insurance: i f any, alt as reasonably estimated initially and tease
<br />time tc time t y Lendetoa The basis of assessments. and bills and reasonable estimates thereof.
<br />T'.e Furxis shall t+e-held in an insntution the"depdsits or accounts of which are insured nr guaranteed by a-Fedcralor
<br />state alt?ncy (including Leader if Lender is such an institutonj. Lender shall apply the Funds to pap' said taxes, assessments,
<br />nsurar+cc premiums and ground rents. Lender may not charge for sa holding and applyinG the Funds, anaiyringsaid account,
<br />or oerifying and wmpilag said asserctrtents and bills, unless [..ender pays Borrowe* interest on the Funds arzd apptieable-law
<br />pe~rr.ics Leader to snake such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower; and unless such agreement is made ar applicable law
<br />requvrs suchinttrest to be paid, Lendershaid net t?e required to pay Borrower :any interest ar earnings an the Funds. Lender
<br />shall give to Harrower, without charge, an annual accounting of the Funds showing credits and debits'to the Funds and the
<br />purpose far which cacti detsit to the Funds was, made. The Funds are pledged as additional security for the sums secured
<br />by iris ~lortgsge.
<br />Yfabie ataotint of the Fends held by Lender.. together with the #uture monthly installments of Fiends payable prior to
<br />.the dice dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessimenis, insurance premiums and ground rents as they talc due., such excess shad be, at Borrower's option, either
<br />pcdtapidy repaid: eo Borrower or credited to Borrowwer an monthly :nsiaflments of Funds. If the amount. of the Funds
<br />held Liy Leader shag eat be snsBFtcicnt to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Botrcwes shaft-pay to Lender any amount necessar}• to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader: to 8ormwer requariag payment thereof.
<br />Upon pavmtm in foil of elf sums secured by this Mortgage. i.erzder shall promptiy refund to Borraurer any Funds
<br />Reid. b~,{ Leader. I£ under paragraph 18 hereof the Fraperty is sold ar the Property is otherwise acquired by Lender, Lender
<br />shall apply; ato toter rhea iirimed'wtely prior to [he sale of the Property or in acquisition by i.ender, any Funds held by
<br />Leader at the tithe of appfieatiaa as a credit against the sums secured by this Mortgage.
<br />3: A!! of Payateet4. Flnfess appiicahfe taw provides otherwise. all payments received by i.eoder under the
<br />Jvote andpa_*agrapits l iittd 2 ,`,ereaf s.*iaif be applied by J_eader firse m payment of amounts payable io Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the No[e, then to the p.'incipaJ o8 the•i~JOte, and then to interest and
<br />printapai an any Future Advanzxs:
<br />4. G6ar(~ I3eas. Borrower shelf pay ail taxes. assessments and other charger fines and impositions attributable to
<br />the Property wh%h tiny attain: a priority over this Mortgage, and leasehold payments or ground rents, if any^, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due;. dircci[y to the
<br />payee thereof. Harrower shat! proairptly fnrnisb to Lender alt notices of amounts due under this paragraph, and zn the event
<br />Borrower shelf make payment directly. Borrower shall. prampsly furnish eo Linder receipts evidencing such payments.
<br />Boraawer shaft promptly discharge any Jien which has priority over this Mortgage; provided. that Borrower shall ern be
<br />required to discharge any such lien sa 4ong as Horrawer shall agree its writing to the payment of the abligatioa secured by
<br />such lien ui a manner acecptahic to Leatder. ar shall in good faith contest such. lien by, or defend enforcement of such lien in,
<br />legal pmcecdings which operate to preveat the enforcement of the lien ar forfeieure of the Property nr any part thereof.
<br />S. ]Fia>tart Iitiwrrece. Htrrower shaft keep the improvements now existing or hereafter erected on the Property insured
<br />against lass by fire, harsrcls. included within the term "extended coverage", and such other hazards as Lender may regtriro
<br />aad in such aataunn and for such. periods as Lender may require; provided, thax Lender shall eat require that the amount of
<br />such caverage¢xaeed Lhai_amount of coverage required to pay the sutrts secured ay this Mortgage.
<br />The insurance carrierproviding the insurance shelf be chosen by Borrower subject to approval by Lender provided,
<br />that such apptaval shag-not be unneasunaialy w[tihefd. .4J1 premiums on insurance policies shall. be .paid in the manner
<br />pratridcd undezpaiagraph.2 hereof or, i€ not. pas`din such rnantmr,.. fzy Borrower making.. payment, when due. 23frec;iy to the
<br />itssttrae~e carr%r.
<br />AH iastt~nce~o&cits>aad rereewaIs thtreaf shall-fit in term :,~ceptablc ao Lender aiad shalt 'rnntude a standard mortgage
<br />cEattse in favai- of and in €oirns aeceptaiaie to L,endcr: Lendei she.+I have the right to hold the policies and renewals thereof,
<br />and J3arrawer steafl:proraptiy furnish to Leader aif renewal notices and alt receipts of :paid prraniums. Sn the event of lass,
<br />Borrower sitafl giyte proinptaoticc to the nstuanre carrier and, Leader. Lefxicr may make proof of lass if not made promptly
<br />by Bormwce,
<br />Unless Candle and Horrawer-oihenvi;fie:-agree in writing, insurance proccerLti shaft be applied to restoration of repair of
<br />tJ.c Property damaged. provided-:such restotaiian: or repair is econamicaiiy feastiy3e and ism.: security of this: Mortgage is
<br />rwt ittertby impaired. if such restoration of repair is nee economically feasible or if the. security of this Mortgage would
<br />be impaired. the insurance ~rocxtds shall ix. applied to the. slims seceuod J>y this :Mortgage, with. the: excess, if any, paid
<br />to Botrowcr. If ttzG P:opcny i abandoned t+y Horrawer, or if Borrower faits to respond to Lender within 30 days from the
<br />...dote nonce is rnaded 6v Lersder to Borrower that ihe:insurance carrier offers:-ta senle a claim far insurance benefits,. Lender
<br />is autJioriud to collect and apph :he insurance proceeds at:Lender's option either to restoration or repair. of the Property
<br />nr to the sums secured by this Mlorigage.
<br />Unlcas Lender and Horrawer ethcrwise agree in writing, any <uch applitatian, of proceeds to princtpal shall not extend
<br />nr postpone tlu due date of ttie naonrhly installments referred to in paragraphs- l and 2 hereof ar change the amount of
<br />such instailrnenu. 1T :coder paragraph Jg hereof the Prolxrty is acquired iay:Ledciea•, alt rgh4 title and interest of Borrower
<br />in and it any i+vurarce. policies Sarni in and to the pra:eeds thereof resulting #rom damage to the Property prior to [he sale
<br />or acquisrnuu shall pass is Leader to ahe.exttnt of the: sutras secut^td by this Jviortgage immediately prior to such sale ar
<br />acquisition.
<br />6. Prearrvadoa saii'Mai~dpiatce of 'Peapeety; F_tase6oi~ Coadoiniotams: Plantred C3isit;: Devetogotenns: Borrower
<br />sftall 'seep the Property in grand repair and s3iail:nai commit: waste or pertnii i:ttpairment or dctetTaraiian of ilia Ptoprxty
<br />and shah ccutip;y .vitiz iho t^t@t"i5is7aia of any ft~ if elite Mortgage is c?r: a ..rhaid: If this Mortgage is as a utait in a
<br />co[!dDrttinittm n* a pfznned strati developtmat; l3vrrawer shallperfarm all ci Bo€rawei s obligations under the dcclaratien
<br />or covenant<_ Cr/_dti[tg car gc~.ximng the-candomir?ium ar planned unit deveJtipiaen4 ahe t?y-taws and. regulations of the
<br />eoscdaminiutn n; pfantxxt unit ricrckiptitent, and catistituent da::uments. If a condominium or planned rani[ development
<br />ridC: is caecuied ty Ftotrawtr and recorded tugeiher with this Mcirxgagt, the cavenanis and agreements of such eider
<br />shag be ineorparated inzn end nhaH auiteid atisf suppteirnnt tlx: caveaants ants agrtementc of this Mortgage as if tftc rider
<br />omen x part hereof.
<br />7. Preaa+cHae of L.asderb 4carky. iT Bonower e3,is tit perform the covenants and agreentenes umtazited it? ihi
<br />ttostZyge, or if :may swoa or prrh:nesliteg a wmaten e.f :c~hi~h ^tateriai?}' atTecug Candles interest in the Pt+rpctty;
<br />:rixiiali3tt, i?W riot Gmi:cd to cmuient domain. ,« y~~ivency, ~~cx1e cntar.;emcYtz, err arrangements ~ar proceodsn„s usvolving a
<br />hAasratrx or rSt~cedrnt_ i~'Rn Ltndcr a: Lcet~r c pt";~si_ ~.ircn m„+~c .7 ilerrawer, may make such appcarnnc-ez. diztttxrsc such
<br />vx;FS uaci sake xacb ~<~tiae s et s- -~ pr acct ~pZicr"± ~ ..a.est„ ss"ticluding, hue not iimitc.d to, distxursemz.[xt ni
<br />tiatanabte uttotrn;r's scm a'rd c:r+ y - ~«~:hs 3'r%spr: :=az f€ Lender zuluirevi mort~sge i+axurrrtn'c as ti
<br />c~xtd.:cr~ r; nFx,~~;8 ;fee 1~.an~:ur~ bg ti .Set±a,'.ge. tigrrowt ~.+:i ~ ay lice nr¢miuasxs r~tlt•:rc ii • snaiintaira. such
<br />;rsrsraep"¢ +<: efr_iit onset Isla :itrxt ,., -..u ~auirernvn? "r; sow^R °dransc •. r-r:iitates %n xecard~ ca ~,„ith etarmwcr's tied
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