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<br />82-~-11U101~
<br />[Irttrwtts CovetvAxts. Botrowee and Lender covetsant and agree as follows:
<br />I':. Ya,-seast of P~dMt steel Ietes~t. Bareower shad promptly pay when due the principal of and interest oo tlta
<br />evidetxedhythe.Nate, prapayrnant.and Sate charges as provided in tht Nota, and the principal of and interest
<br />am any Fiittsre Advanaas secured by this Mortgage-
<br />7~. P'aedafarT>s~'ndIawtstece. Subject to applicable Law or to a written waiver by Lender, Borrower shag pay
<br />to Louder ontbe-day. moaLhiy installments of priacipal and interest are payable under the Note, until the Nota is paid in fuB.
<br />' a stmt {hereon "Fonda"I etpttal to ono-tweifxh of the yearly taxes and assessments which may attain priority over this
<br />Mort~,age. and ground rants on the Paaperty. if any, plus one-twel#th of yearly premium installments for ha?ard insurance,.
<br />pills ells-twelfth of yettrly premium iastaltttaents for mortgage insurance, if any, all as reasonably estimated initially and from
<br />tithe to timeby I:,ettder nn the. basis of assessments and Gilts arad reasonable estimates thereof.
<br />"1'3te Funds shrill be bald in an institution Lhc deposits or accounts of which are insured or guaranteed by a Federal or
<br />' state ttgeascy (iticlttding Lender if Lender is such an institution). Lander shall apply the Funds to pay said taxes, assessments,
<br />insttraace premiums:andgrotand rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />nr verifying sad compiling said. assessments and bills, unfass Leader pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borciawar and Lsndar may agree its writing at the time of execution of this
<br />Mortgage that imarest an the Funds shall Ise paid to Borrower, and unless such agrenment is made or applicable law
<br />reeptxinn such inttrest to be paid,. Lerxdar shall not be required to pay Borrower any interest or earnings oa the Funds. Lender
<br />shag ;give to Barrawer, without charge, an annual accounting of the Funds showing credits and debits to the Foods and the
<br />purpcrta for which eadi debit to the Funds was made. 'llte Funds are pledged as additional security for the sums secured
<br />by this Mortgage,
<br />IS the amatmt of the Funds bald by Lcndcr, together with she tutus monthly installments of Funds payable prier to
<br />the elite dates of texas. assessments, insurance premiums and ground rents, shalt exceed the amount required in pay said taxes,
<br />assessments, irtsurantx premitettts and ground rants as- shay fall due. such excess shall be. at Borrower's option, Dither
<br />preampedy repaid io Borrotsar ar credited ac Borrower on monthly installments of Funds. If the amount of the Funds
<br />held lsy Lender shag nor be sitffecieni io pz.y taxes, assessments, insurance premiums and ground. rents as they fall due,
<br />Bonowar shelf pay to Lander any amount necessary to make up the deficiency within 30 days from the date notice is mailed.
<br />by Lender to Borrower ragnesting payment thareol.
<br />UJpoa payment in full of ail sums secured by this Mortgage, lender shall promotly refund to Borrower any Funds
<br />held lby Letxder. Pf under paragraph ]t3 hereo€ t!x pmpcny ;s sold or the property is otherwise acquired by Lender, Lender
<br />shall apply,. no later than inuttediataty prior to the sate of the Pr~rty ar its acquisition by Lender, any Funds held by
<br />- Leader at rho time of appiicatiwt as a cmdit against the sums secured by this Mortgage.
<br />:l. ,1pPiiLaliat a; Payeteeis. Unless applicable law provides otherwise, all payments retxived by Lender under the
<br />. Nara arttlparagraphs I and 2 hereof shat] be apphad by lxnder first sn payment of amounts payable to Lender by Borrower
<br />' under paragraph 2 hereof, than to interest payable on the Nate. then zo the. principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4, CLrppest [.lens. Borrtswtir shall pay all taxis. ;zcsesxments and other charges, final and impositions attribuiabla to
<br />the Fropetty which tray attain a priority aver this Mortgage, and leasoheald payments or gmund rents, if any, in the manner
<br />provided under paragraph 2 hereof ar, xf not paid to such manner, by Borrower making payment, when dua, directly to the
<br />: payta thereof. Borrower shall promptly furnish to Landev all notices of amounu due under this paragraph, and in the event
<br />Bornawer shall make payment directly. Barrawer shall gmmptly furnish to ].ender receipts evidencing such payments.
<br />Borrower shall ptaasptly dixchargc any Lien which has priority aver this Mortgage: provided, that Borrower shall not lx
<br />' regwred w dischatgt any such lien sa tang ss Barrawer shall agree in wnttng to iha payment of the alsiigation secured by
<br />such ~~ai~in a titanrxer aceeptable to Leese. or shall in goad faith contest such 3ien bv, or defend enforcement of such lien in,
<br />Legal ptaceedin~t whicfa apdate to prevent the enforcement of the lien ar farfaoture of the Property or any part thereof.
<br />S. i3aaaed [awmtt. Barsawar shag keep iha rmpmvemenu new existing or hereafter erected on the Property insured
<br />against hiss by fire, hazards inclndaa within the term "extended coverage", and such ether hazards as I.entlar may rayuire
<br />- and in-stieh atnougLs and for stictx pcrtuds as Lender may rcquica; provided. ihaL Lender shall not require that the amoont of
<br />scab coverage exceed that amount of coverage requizrd to pay Lhe sums secured Isy this Moriga$e.
<br />The inwraace carrier providing the itasuran,:a snail be chosen by Borrower subjei:t to approval by Lander. pmvided,
<br />that such approva6 stroll net be unreasonat?ty witishald. .411 prctniums an insurance policies shall be paid in the manner
<br />gtovided under paragraph 2 tsereof ar, if net paid in sash manner. by 8arrowrr making payment, when due, directly to the
<br />inwrtiaoe rattier:
<br />ALI tnsurance politda and renewals thereat shalt be in farm acceptable ro i.andcr and shall include a standard mangage
<br />cfstuse in favor of amt in farm acceptable to Lendav. Ixnder shelf have ttrc right to bald the policies and renewals thereof,
<br />and tdomawcr shalptrompely furrnxh La Leader all renewal ~ou+.es and alt maeipts of paid prerniums_ 1n the event of lass,
<br />Barrawu stroll give prompt tratico to iha iztstxrance carrier and Lettdar. Lender may make proof of loss if not made pmmpaty
<br />by Borrtwer.
<br />Ifaless bender sad Borrower otherwise agree in writing, insurance proceeds shalt be applied to restoration or repair of
<br />the lrrapaerty damaged; ptavrdod such t'rstocation or repair =s acanomicaily feasible and the security of this Mortgage is
<br />rxst >Y impaired. If suds restoration ar repair is nat. ccanamicaBy feasible ar if the seturity of this Mortgage would
<br />6e impaired, the insuraatx ptocxds shalt be applied to the sums secured by ibis Mortgage, with the excess, if any, paid
<br />to Borrower. If the l'tapexiy is abandatsad by eorrawer_ ar tt Barrawer faits io rrkpond to Leader within 30 days from the
<br />date tto/ice is mailedby l.attdea is Borrower that ilte insurance carviar atfeas io settle a claim for insurance benefits. ].ender
<br />is atttlwrimd to coilacL and apply Ilse insurance proceeds as Lender's option either to restoration or repair of the Properly
<br />or to the elutes sex:itrad by this Mortgage:
<br />Unless f.cader attd $aratsvter oxhetwisic agree in writing, anp sorts application tsf proceeds to ••~incipal shall noL extend
<br />or postptstxtho dear dataof the monxhiy instatlmanu refaced is in paragraphs 1 and 2. herewf cr change the amaunx of
<br />stx3t ixtatalltLtcnts. if underpsuagral la i g hetaof the property is acquired by Lender; all right. title and interest of Borrayvar
<br />- in std toaayinwzraaca paiicks-and in and to the proceeds thereof resulting [tom damage to the property prier to rlie laic
<br />or acquisitioh shall. pass tc+ Lender to Lhe extent of she sums secured by this "vtortgage imr•.sadiatcty prior to Bach Sala or
<br />&: s,~i.lMaieknntaae of YropaAy; l.esttsebsld~ Cotsdomieteaun Pleated Unit Devaiopmeafs. Barmwar
<br />shall keep the property sn goad repair aitd: slsaB> trot commit. waste ar permit impairtnenx or deterioration of the property
<br />attd shall aaatply wiLlt.tha-:prvvist'Lms of any Lease of this MarLga'ge ss on a leasehold. If ehi^s Mnrtgaga is on a unit in a
<br />remu4xniaiuut or a ptannedtinit davalopmertt. Borrower shallpetiarm all of Rormwers obbgatians under the. declaration
<br />or wvenaat5 ercasii7g ar tln&;lie candotninixtm ar plannt;d atnit davalapmoni, the by-laws and ragulatians of the
<br />crn,}ar imam er plattaaad trait developtisaatt. and mnstrtxtent doeumenxs. If a condominium ar planned amt de:vetopmenL
<br />rieKr is exrruted by Ilorrpwa aix# rtctszafad tcyetltar with this Mortgage, the cavettanis oriel agraarttents of such rider
<br />stroll be u,eotporated into arbtl sha8 amend atilt supplarnrm the covenants and ngrecments of this Mortgage at if ftso ridee
<br />were a Qat't ttcreaf.
<br />7, Ysvrttcsiee op Lceia's Soii.YKirr,. if Barraawer fails io perform the covenants and agreements camained. in this
<br />}tSort~, o; if acp :~ticm .:r pracetstiag is c+ammcrxced wixith mretcrialpy affects Lender's itataresz'in iha p*gparty.
<br />inrhidinpt, Fat ri<v limrtcd ;c~, cn;inent dLtreain. ttssolva+scy; enfarcemant. or arrangements av pruce~ir,~. involving a
<br />bsnkrspt ar eccdant, then l.rndrr at.l.efatdas's optiem, open xxsiire to Botairaer.:?tay make st~lx appaarances..f;.hurat^ stub
<br />sxsnts arsd iota ccsri: ~-;:;virtu ax vs r.~.ccs-.ary to p~~otaa i...atuiest'« en^tcresi, cm~l.~d;rse_ htti na7# #itnttad i,o. +t:r.ruxsamant sa=
<br />re:icsanrb'x. actt?faa5''s iee+ aid »,,xtry ;xpon the.:nrapa.rty to make repairs. if !. ~..i,ciez required mortgage insurance as .t
<br />ix`stsi+i.;crtz at :na~;na :i~ .,?a;s. srac.ure>1 h,, tltLS ~S<=rtYalga: Btsrri*-`a<'cv s4~sll ~:v' t~:z. prarnitinLS ergtti<ntS Lo maintain scich
<br />istit>sraxr x". c4tts:r srtT;.rl =~ic1L tuna st.he 2auirentasit +.,r snxCA xttzur§~s. ; ,n;l :, tci un ac<orslant:e wish Bari+w2r'x iLCxt
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