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<br />Uxxtwxta C.ovaeatt~rrs. Borrower and Lender covenant and agree as follows: $~ °R Z} (J Q ,~
<br />p. 1p of"prladpat trod-Itefereat. Borrower shalt promptly pay when due the principal of and interest on the
<br />evidenced by the Noce, grepaymenx. and late charges as provided in the Note, and the principal of and interest
<br />oa only Futtue Advances secured by this Mortgage.
<br />2. ltr'wtisporTaua imlIttawrace. Subject. to apg[icable law or Eo a written waiver by Lender, Borrower shall pay
<br />Eo Lender on the day maathty imtallments of principal and interest are payable under the Note, aerie the Nou is paid in full,
<br />a seen (herein "Fuadd') equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mattgtsge a»d ground rents an the Property, if any, plus arse-twelfth of yeazly premium installments for hazard insurance,
<br />pins one-twelft![ bf yeary premium installatrnts for moragagnrttsurance, if any, aq as reasonabky estimatedrnitialfy and from
<br />tfiiu tea time by Leader on the tsasis of assessmentx and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or gatazanteed by a Federal or
<br />stone agency ti~ittding Lender if Lender is such an institution}. Lender shat[ apply the Funds to pay said taxes, assessments.,
<br />ittsurauee peemiutra and ground rents. Leerier may not chazge for so hording sad applying the Funds, analyzing said account,
<br />oreeriflriag.aad compiling said assessments and bills., unless Lender pays Borrower interest on the Funds and applicable law
<br />ptmnits Ltxtder to snake such a charge. Harrower and I.endcr may agree in writing ac the. time of execution of this
<br />Mortgage that interesc on the FisncLs shalt tx paid to Borrower, nod. unless such agreement is made or applicable taw
<br />regxtira such interest m be paid, Lender shat? nor be required to pay Borrower any interest or earnings oo the Funds. Lender
<br />shall gtvrto Harrower', without charge, an annual accounting of the Funds showing credits and cieblis to the Funds and the
<br />ptttpt>se faY which each debit. to the Funds was made. The Funds arc pledged as addieianai security for the sutrts secured
<br />by fhgs Mortgage:
<br />!f the amount of the Funds held b}' Lender, together with the fuwre manih[y installments o€ Funds payable prior eo
<br />the due dales. of taxes, assessments, ir[surance premiums and ground rents, shalt exceed the amount required to pay said taxes,
<br />assusttseats, insurance premiums and ground taxers as they fait due. such excess shalt be, at Borrower's option, either
<br />pran,~ptty repaid to Borrower or credited tr Borrower an manthtg• iastalixaents of Funds. ff the amount of the Funds
<br />held by Ltatder shall rust lee sufficient to pi:.y taxes. assessments, insurance premiums and ground rents as they fall due,
<br />Horrowar shalt pay to Lender any amount rtceasar}' to make up the deficiency wi¢lain 34 days from the date noeice is mailed
<br />by Leader to Eorrawer requnting paytrtert thereof.
<br />Upon payment in full of all sums secured by zhu Mangagt. l.cotler shall promptly refund to Borrower any Funds
<br />held by Landes. If under paragraph 1S hereof ttae Properxv es =std or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no faux than irttntediately prior to the sale of the Property or its acquisition by Lender, soy Funds held by
<br />Lender at rise tutu of application as a credit against tfre sums secured by this Mortgage.
<br />3. Apptlicadoal of Pap'®aau. Lnless applicable law provides aiher+visc, all payments received by lender under the
<br />Nutt and. paragraphs 1 and 2 hereof shall be applied by tender first to payrttent of amounts payable to Lender by Borrower
<br />tender paragraph, luaeaf, then to intereu payable on [ate vote, then to the principal of the Nate, and then to interest and
<br />prtttagai oa any Future Advances.
<br />4. Lieu Harrower shall gay all taxes, assessments and .uher charges. fines need impositions attribuiabte to
<br />du Prtaperty whirl= taay attain a priority ..'aver zisis Mortgage, artd leasehold paymettts err ground rents, If any, in the manner
<br />pravick[! under paragraph Z hemaf err. if root paid to such mantscr, by Iltrrrawer making payment, when due, directly io the
<br />paytxc theneaf. Harrower sha13 promptly t'utnish xo Lender alt riauccs of amounts due utuder this paragraph, and. in the.event
<br />Borrowu shall make payment duectl}'. l3artaw'Cr setoff prampify furnish to l,cndcr receipts cvidettcing such payments.
<br />Harrower shall promptly discharge any tiers which has prcarity aver this bortgage: provided, that. Borrower shall not 6e
<br />eaquin'dtodischarge any such lien sa kang as Hortower shall agree in writing to the payment of the obligation secured by
<br />such. ilea in a magnet atxeptablc ro Lender. err shall in good faith wntest such lien by, or defend enforeemena of such lien in,
<br />legal, proceedings which operate to prevent tix enforcement of the Tien err forfeiture of the property or any part thercaf:
<br />3.. plmt[1 Lsaraaaea. Harrower shalt keep tfu rmprovcmonts nuw existing or hereafter erected an the Property insured
<br />agaixsst loss by flm, hazards incittded within the term "cxtetsdcd coverage", and such outer hazards as Lender may require
<br />andin. sttoh amounts and far awls pcrirsds as Lender may requarc; praMVided, that Lender shalt not require that the amount of
<br />stteh c'overagc, exceed ilsat amount of coverage rsqutrcd ur pay the Sums secured by this Mottgagt:.
<br />The iaaurattce career providing the insurance shall he chosen by Horsower subject to approval by Lender, provided,
<br />that such approval shall eat be tenreasttnabty wahhefd. All premiums an insurance policies shall be paid. in the manner
<br />provided nsader paragraph 2 hereof or, tf rent paid in sash ritannct', by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />All insurance policies and rtntw'alsittereof shalt ht in form accaptablc. to Lender and shall include. a .startttard mortgage
<br />clatasr in favor of and in foam acceptable to Lender. tinder shall have the right to troll the policies and reatewals [hereof,
<br />aad:~trowushat! promptly f'araish to L.eatkx alt zLntwai nattecw and all receipts of paid premiums. !n the avant o€ ions,
<br />Horrawershall give prompt notit:e to the inszarattce tarsier a.td [.ender. lender may make proof of toss if not made promptly
<br />by Borrower.
<br />TSisieas Lentier and Borrower otherwise agree in waling, insurance proceeds shat! be appliaf to restorasian or repair of
<br />the Property dama#cil. grovid~f weft restontian err repair is eeonomiaally feasible and the security of this Mortgage is
<br />eat tltetclry impaitnd. ff szte6 res[oration or repair is not ecanomic-ally fcaaible or if the security of this Mortgage would
<br />50. impstred the itnttratxx proceeds shall. be applied to the stuns secured by this Mongage, with the excess, i€ any. paid
<br />ra Borrower. Lf thePropetty is abaea3oned by Httrrowu, err ii Borrower fails to respatxi to t.cndcr within 36 lag's from the
<br />date ttotiice #s trtaiied ley iarader to Hotixswar that the imurance careiet offers to settle a claim for insurance henefrts, lender
<br />fa atzthpriaed Ca tolled and apply the. insurance proceeds at Lender's option either to resutraaion err repair a€ the Property
<br />or W the name sacred by tlsis Atozzgage.
<br />Unfits Lender and Barrmvec Parise agree in waftitsg, any such application of psaceeds to principal shalt roc extend
<br />orpoaftpana tlae due date of ttx monthly itsstallmenzs referred to in paragraphs f and 2 hereof .ir change the amouna of
<br />such..sruaalfineots: if zinderpuagraltr Ig hereof the Property' is acquired by lender,. alt right, [isle and interest of Harrower
<br />let sad to any insurances politer and in need to ahc proceeds thereof resulting from damage ao she Progeny prior to the salt
<br />oratst}as3tiaushalipassto l.:ettder to rl4e exicax of the sums axured by this Mortgage immediaa.{y prior to tacit sate err
<br />aegtuaititwr.
<br />8, teeaxralias rytp .ear of Property; [.eatrdtolal~ Eotrdominiurrtat Planned UaH pkvtlopmtets. Harrower
<br />. shall luxp rise Property;in goad. repair and shall not ecunastt waste or permit iinpairmeat or deteriaratian of the Prnpeny
<br />sad stia~l caraptywitlc theptovtsfons of any tease if this Mortgage is an a Icaselsold. if thus Mongage is an a unit in a
<br />opndtratiasutir or a glaaxtted untYdevefcsgtnexu, t3otrowtpr shall gedorm all of Bormwat`s abiigatiasrs under the deelaratian
<br />or cxmawtts ¢reaxiagor gtrvertting the eandominium err planned unit devclvpment, the by-taws and regulations of the
<br />rondnmimunxar pf.aoed attic-t3ewcfnpmcxtt, and tonstixunnt docnrxzcnts. if a coxidominium or planned anti develcxpmaat
<br />r:dcr rs e.~eu^ute+d fey. HttriowFr and recorded' together with this h4artgage. the covenants nerd agreements of such rider
<br /><r,.et be uataMci oLO next setoff arneatf oral supgiemeat the. tavettants aril agreements of this Martgagc as if the cider
<br />wire a part hereof:.
<br />11...E '. Pt~acaiaw el Latwdee'a Stearigr. It Harrower finite to pert'orm the covenants and. agtecmcnts containatl in this.
<br />Mart age, or if nay attioa err. pxoc~eotfirtg is sorxtnsestscd wftict: materially afhcxs Lender's interest to the Prrpen?~,
<br />tztcl;>da+rg, t+ot not t+mttad ter, eetdnctrcdatnaia. itxitrlvet[cy, cede cnforcctncnc, tx arrsngemc~ttts or proceedings inva}ving a
<br />t;rakrupt err drxtde~rt. thrc ~sNier xt Letxlet's option., upon ttoeice to fiatrowcs, may make such appearances, clis~rse such
<br />-gums . xsd tsk~e such :retort as a tur~xsary w protect i.Cr~tte'r's interest, ,tx~iuding. but eat timteed :o, disbuesemant of
<br />reaxxus~ixte »tiorttey`s loan nod eau'}" upats xhe Ptxspertt' tts ma3ws repairs. if t.trsder rtrquized mangage insutattec as a
<br />_anc4:t.ua of rkaking tL~ iraau secus+ad by this Mortga Hoer<su'rr s.8egll pa}• the gremitatars regttirat3 to maintain Stroh
<br />iasw'rtut in e~ett veld bzto3h fitase. as Stu regatYtelneat for such tnsuratace terminates its atcardatm:e with Borrower`s nerd
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