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<br />i3t+morat Covsxst+i's. Borrower and Lender covenant and agree as follows: ~+~ ~ j d 1 ~ 8 [D
<br />l 1Paymeat of IPtiecfpal imd Ict¢rest. Borrower shag pmmptlc~ pay when due the principal of sad interest on the
<br />=evideacedby the Note, ptepayemat and ]ate charges as provided in the Note, and the principal of and interest
<br />tsa any Fttttite Advances secured by this-Adortgage.
<br />Z. IKeioada for Ts>tas med itu~axe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />Yo.I.pader on the day monthly itastailatients of principal. and interest are payable under the Note, until the Note is paid in full,
<br />a alum (heroin '"Ftmds") etlual to otie-twelfth of the yearly taxes and assessmettis which may attain priority over this
<br />Miritgttge, slid ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />pins aax-twelfth of yearly premium itsstalftntnts for martgeg+- insurance, if any, all as reasonably estimated initially and from
<br />liana to time by Lerf~r an flit basis at assessments and halls and reasonable estimates thereof.
<br />'l4ie Funds shall 6e held is an institution tfac deposits or accounts at which are insured or guaranteed by a Federal or
<br />state agency firichading Leader it Lender is such an instinition). lsnder shall apply the Funds to pay said taxes, assessmenu,
<br />iasuraact pttmitrms attd ground rants. Lender may not charge for so holding and applying the Funds, aaaiyzing said account,
<br />or v;aifying and compil'utg said assessmcrits an<t bills, unless Lender pays Borrower infextsL on the Funds. and applicable law
<br />pecttiits Leader to make Stich a charge. Borrower and l•tndte may agree in writing at the time of execution of this
<br />MtsRgsgt that interest an the Ftiads shat? be paid to Borrower, and unless such agretmeatt is made or applicable law
<br />retluird such interest ro be paid, Lender shall not be required [a pay Borrower any intettst ar earnings on the Funds.. i.ender
<br />shsdl give to Horrower, without charge, an annual. accounting of eht Funds shaving credits and debits to the Funds and the
<br />purpose far which rash debia to the Funds war made. 7Ae l=ands are pledged as additional security for the sums secured
<br />bY'this Mortgage;
<br />If the amount of ilte Funds held by lender, iagtthez with zhe fuaurt monthly installments of Funds payable prior ro
<br />ihto due dates of taxea< assessments, iracutance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assramaeats, irastaranet ptttniutvs arzd gn and rents as tt~y fat! due. such excess shall lie, at Borrower's option, either
<br />pr¢rmptly ntpaid to Harrower or credited to Borrower cwt monihlyy rnstalimen:s of Funds. It the amount of the Funds
<br />tidd by Leader shall not bt sz~vritnt to pay loxes. acsessmtstts, insuuanct premiums and ground rents as they fall due,
<br />Horraraher shall pay to Lender stay amatiat necessan• za make rzp the de5ciency within 30 days tram the date notice is mailed
<br />by Leta~• ui Bot•rawu requesting payrrxnr tliereo#.
<br />Lyon payment in full of all sums ntcuxtd by this Afortgagt. 1 ender shalt prampily refund to Bnrmwtr any Funds
<br />hdd try 1,entiet•. if under puagraph 1R hereof the Property cs sired of tats f'ropert} is otherwix acquired by Lender, Lender
<br />sludl appty. rat later than amtmediately prior to the salt c,f the Propcny or itx acr{uisitian la}' Lender, any Funds held lay
<br />Lctukr at tltc time of - as a crtxfit agaznxt the sums strured by thtc hfangagt.
<br />1. A~Ycatias a,f ~ i?nitss applicable law prooides c«tiatmtse, ail payments received by Lender under the
<br />Nara land paragraphs 1 artd 2 liereaf sfiall be apptatd by l.endtr lir5[ to parmtrtt of amounts payable i4 L.ender 6y Borrower
<br />trader para;rapli Z hereof. then to interest psyablr on the Nate. ;:hen tr? the principal c,# the Note, and. then is intertsT and
<br />pasnapd iln any Future Advances..
<br />4. : L,tiraat. Harrower Shall ps} all taxes. assexsmenrs and r+iiter charges, fines and arnpositions attribntabtt to
<br />the Prvprrty which may atzaia a priority over t}aix lirntgage, and Itssel+ald psyaitnts c±r gemund rents. if any. in the manner
<br />prtavidul Lander paragraph 2 tccretif ar, ,f not yard rn staclt manmr. h} Rarrawtr making payttitnt, t+'•hen due, dtt+ectly to the
<br />payae t}[. Bazrrnvrcr slutf3 pt~rinptiy EurntAft to t.tndcr a!1 narccs+• amnunis ,9ue uacku this paragraph, and in the event
<br />Harraxver shall [Waite paymeat dtrt~t#y. Borrower shall prcx»pti< tumcs:i :, l.Fndcr ttx°tpts etidcrn:irag such paymtrrts.
<br />Botvtrwar3lia~il promptly di~#arge airy lien w#tictr has prtortzv s,mtr ,h~a wtorittaKe: prorndtd> shat Raerawtr shall not lee
<br />acrluerat to kr>»har+ga arty aur«h lien ur king as ih,*tuwrr;hall a~ec tr: ~ r ~nnx ;ca the ~ a}-nrtcnt ,~~ ;t:c rhhgattart seeurtd by
<br />xueb lira ,n a mantitar asx^cptsbfs to l,cndcr, t*r xh.+•: ,n g++ad tant:.;,ntr~~ . ' h •,-n h , , t ,,c'.rnd r-,r„r;.rmcni of such lien in,
<br />bpgG9ll pa~CCdrnga ~+htch ,•q~rutC to pttvtnt tie ~, :rr-4m•r,, „i c i~ra, „r ^,,rtc+,,nc ~ . !hr i'~ ,peat' z,r any pazi thtrtof.
<br />S. Etsrard fa>NarraKr. Harrxiwrrshsll kup :hc ~nrr".,.rme.,t, n• " . r•k .. ,~r-',~,~• r,c_~cd on the prr+lxrtty insured.
<br />la7sx !~ hre. ha:~cdx ,n,l~d within ilk :..=,na te:,dcd _.,,r, ,ge ,d ..•,, „rhea P,_+Gxrdx as i.en~r Wray require
<br />sad in3ttcit arttoauts and ta~; s!4a przmdx as irrn~z =;,,,~ rcyu;re , :,rscd_ ~'~az t cm3a, ,naia nc,t rcquirc that the amt+unt of
<br />satldM cxarerigCCxcrrd tt;a: amcum :xt .c.rt3Yjjt rcquzrul',> t,a}. ~,,c vr.m~ sear,. nc n~,r ~~Qangage.
<br />'tbtiarwrsnzc sSrrMrr L•n,~iding flat assurance pha;l be.hcrrevr b~ Et:Kr,,wcr ~.:,;,p•,, sz, appri+vai ;ty Lender: provided,
<br />tfatt# rain apl+rs.a9 stroll tee,[ be ~nresscxaith#y wtithhe3d. .All preaniumc .=r ,mu:.nee ,r,.a,cres shall tx: paid in the manner
<br />paavaimd unxiz•r paraatrztpti ~. hea'cof ter, ~ not paid to sari ntxnrxt, l+} &'rt„wrr rnai:un{t l+:aymrnt, when dot, detect"ty en the
<br />mrtiraacc carricr<
<br />AE} irer'uranra pcdiaits acrd rxa>ew theralt ~.hal.: be m fctmt.aca^e; r.,b4c .:> 1 cn,•c .::.J ,hall an~Yude a neariderd inn::}loge
<br />clgant ,n lnr,rr s•: acid ;n fxnt ~ to l-rtrclct. 1 tr 'ujer 5'}aai't tauvr vto: r,ctt' i:~ ,~.±1,1 '.hr ~.hcirx ;r,rrd rancwsis thttcci.
<br />a1rdHt>xNwer slrx(7 pr:>nrpiiy fteraish In f.tndca ail rCnr0v1 n4taets ~ ,.' nli ,,:apn ~,t pa,d p:erfunnl5- Ira. tilt event ~:: 145%.
<br />Htnrir»tr shall exec prtitaept tuatitx to the rnaurarn.r .:atrsci atld l.eradtt, l.v 'r r,,,, ,,aa,e pr,,,,, ui lass it not made prampaly
<br />'hj liwrerr.cr.
<br />Linirw Len,icr atsd Harraxcer xaaliealwve agree ,r, wratzttg, inxtoran.~ r'r ~Rrrn~ t#oll t+c 4., plied to restoration ar repair of
<br />tt>e Pnuyunty +ttrcitage+d, proviikd sttc#r resa +rsu-•,tn .: :cpaar rs eci<vtlcmt.,++1t' ~ca+;nit arid. the seauity at this htarztwage tw
<br />rsut tbareiry irapaartci, It xaicla rtstarrrr+~:, .,. repair ,x nat res~ruxnrsa!;y ic,,.~n,r ,~ i the Security of this Mortgage would
<br />lst tmprirad. the ,nnuraatie prxi~ac,ai •nai, ~ ~pnr,c+i + , she sums secuia9 r.. ahu. Mariga~ with the axctss, if any. paid
<br />to ltiritrwer. if tlic iatvpertq k abafazi.,nesi r+ lk,r.:,wtr. .rr tl 33orrow~r 3.v ix :,, rwtxa~ alt l..cntica within 3iY daysirotre the
<br />daft tlittisx it rnatlcv ~ I.crnicr ,,, B~rr,wrwer , naz :',r inxair'stict .:artier ~.a.ts ar, scttl,: ;s cfaim far rn5urance l,cnafits, Lender
<br />rox Vie? C€l a,liect seed apple tine zrsuranr~ ~,<+~tis at Lcndcs's cpron c,cfres to rect,rraatircn nr repair of rate Praperiy
<br />ar to tlttr same seur:xt ty t#us Merrt~[.
<br />t;nitss Lcrtuar a:ni Harroavtr onc~r~rsse sgru in writitzg, any suer.. a„ :~,riar, z?f prix:cis to principal gha31 :not exicrrd
<br />;v g,~s;tF Weer t>,m dot alatc of al+~ nsansFtifq enstsilx~r+e»: rrterrrr.1 to, ~.r; }~ar,f-:,, hs t ~n3 ? isereaf ar change ttre asricxant v4
<br />snsOUirnm[x. i; par.~trapki l~ is>•3~f tPre 3'rcrprxty u, aJy~d,u'.l ~i~. l.nnder, nil rrigktt, [tile anei interest of ~rrawet
<br />in sad zu a~•. ,syttrarsc+n pa3itaes and in and in tau prt>Leeds srarra+f rnui,:ng ; Font ttatna to tlac Property prior i4 the salt
<br />ar aCy'nintnan )}1ai: ; as i:enAcr to tT~ txt~c •+f .:x =a;rr,, .,,;„,:<~: ~~~ too "*3orzpyagc +tmna~iattly ;mar w rrx~h stile or
<br />:tf,'Yt~ytfitttryti.
<br />6. 1-sesetrvrtiea rsrti 10#r at lirwrpexty; lrax~iuaads; t r Pbwned licit I)ev,tRrapauats. harrower
<br />shakf k~ fire 1'aatptity itt gotad repair atxl shall nzit cantor,: ~ xssc , r permit tmpairrrtent ur defetiuration oI the Property,
<br />rand snail rixnpl} ,+wzth t)ae procisii?ns ill any lcasrt, i# tlixx Start}nhY ,, , n a icauhold, if ihax tfzlrtgagc is on a unit in u
<br />t+.,ati9t>rstn,r:m ; r z pis;a:it:+] unit ccrelnpmtat, llarrowct t'yr:. 1-<:r:: rnl aiI e+t Horn>utra rtkrligatiuns under the declaraiion
<br />urcxe'••e>aarvs ,rc:r.[my, '•: g+„err,:rg the coredmmitttWtt or pl~read exnti tlevektpnu»t. thN my-iaw~ and regulatian5 cyf tha
<br />cunuortuniunt at pl:rnnecl ;out curve:apnirrn. attd cons`W~aus!nt zk~.~~merma, It a sxtdavminitura or planned unit deroelaprnent
<br />rrur n cxu:utcd by t3tiuz~wer and zecordtd tiv~iher with this Ataxtgage, tat covenants and agreeincnts at such radar
<br />thatS he ,niDriNJrkteiF ,ntc~ an,i sbnll ,nextcrtd slid stapplcirient the covenants and agtccmtrna sr# thra; A?lartgage as ,f the ;idcr
<br />+~e^cs a 7~t hereof.
<br />7. PrNaw~tl.,tp a! t.cirdes's Ss~ariE~. if Barriw:er i x,Is is perfcirrn ±i+c. eVVenalnts end agrecmeots zuntaisred rn the:[
<br />MUngsgr, ar ,! Witty a.ac,a, w ;,rtxc•eS;ng ize ~ me.ne~xe;1 ,.fti,at mitcr~ally .,r5cct. L.rridtr's irtteri`st ir, the Putperty,
<br />ma,b,ad.ng, Eat ~ ;imattd m, ~~tirrcrrr dcrrn~::n. inu~i•xt, e~,dt entarctn,rnr_ t•r ,~rangezatenzs or pzoctedmgs itivalving a
<br />Eankrrrpa .n dctirue~,t. ,her, Larrrdtr r_! l~m3cr5 - -.i. .F.sn :*~=trC4 t;x flarrrszvar. may rnak¢ such appcarrcrrcex, siesbnr;w a~such
<br />+uana soli ti4e ssc~h z_sr,rr, ,t s nrira,.ars •o,i::+ lender`s :nteresz. ;~lucSial„, Eat nor lim,trtd art, ezislaursement sf
<br />rEa~bia'rh;c nuotucy'Y ~..:.~ ait>a e'..ry ~.:,n,~-~ `n- F;~ery,:; ;; , malts repass.. It Ixnder rz~quirei# mvrzgage ra>warr,:c us va
<br />~vrusnxe .,i rsLt;.+.., !hr loam anxzrtea h" ,PS ltartgaer. I3r~rrawMr srrab3 i1aY the ;+remiutnx, rerluerad so maitciaus _s;e-;rh
<br />akiiit s_arac ~ 4~et:t ,isiu -.aKfi tirrkr as trN' rr,;utrttattxit cot ,;Y_B :o'.Lnatacs 4ertniriare5 in aemardancc with Hartc>w¢r's ant!
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