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<br />82--t~(~19~3
<br />LatvrFOtu~Cavzentwt+rrs. Borrowtrand: Leodex covenant and agree as fol}aws:
<br />1: Paymentof:Priac~asisad'1Mendt. Borrower shall gromptly pay when due tlae principal of and interest on the
<br />iadtbtedness evidenced by the Plote, prepayment and late charges as provided in the Note. and the principal of and interest
<br />on nay Future Advances secured by :.ills Ivtortgage,
<br />2. PYrads far Taws and Inamitece: Subject to appiieabit law or to a written waiver by Lender, Borrower shall pay
<br />Ya Lettderon the day monIIhly. installments of principal and: interest are payable. under the Note, until the Note is paid in full,
<br />a lira[ (herein "Ftmds"} eytaal fo one-twetfth of the yearly taxes and assessments which may attain priori[}` aver this
<br />Mnetgage, and ground rents on'the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus aae-twelfth of yearly premium installmenu for mortgage nsuratnce, if any, all as reasonably' esximated initially and from
<br />rme to rme by :Lander on the Isasis of assessments and bills and reasonable estimates thereof.
<br />The. Finds shall be held in an institution the deposits or accounts of which are insured ar guaranteed by a Federal or
<br />stattageicy fincltidiug Lender if Lender is such ata institution). C.endershatl apply the Funds to pay said taxes, assessments.,.
<br />iasurt»tceptemiutns and ground rents.. ?:ender may not charge. far so .holding and applying the Funds, analyzing said account;
<br />or verifying and compiling sod assessments and bills, unless Lender pays BOlTOWer interest. on the Funds and applicable law
<br />pttmits Lander ko'make such a chargt, Borrower and S.endtr may agree in writing. at the time of execution of -.this
<br />h[otTtgage that interest on the Funds sltal6 be paid to Borrower; and: unless such. agreement is made. or applicable law
<br />tegttires'such interest to be paid, i.ender shall tint be required to pay Borrower. any interestor earnings on the Funds. Lender:
<br />shall give to Borrower, without charge.. an annual accounting of the Funds showing credits and debits to the Funds and. the
<br />puepase for which-cacft debit to the :Funds seas made,. The Funds are pledged as additional security far the sums secured
<br />by this Mortgage.
<br />[€: the atnoint of the Fifnds held. by Lender. together with the future monthly installments of Funds payable. prior to
<br />the due dates of taxes, assessments. insurance premiums and ground rents, shat} exceed the amount reyuired.to pay said taxes,
<br />arsasimtants, insurance prefttiums and ground rents as they fall due, such. excess .shall be, at Borrower's option, either
<br />promptly repaid to Horrot+ver ar credited m Borrower on monthly installments of Funds_ if the amount of the Funds
<br />ltdd': by I.enrkr short not tx stiRicieat to pay taxes, asscesments, insurance premiums and ground rants as they fall due,
<br />13orrasver shall pay to Lender any amount ntcessary to make up the deficiency within 3i} days [tom the date notice is mailed
<br />by Leader to Boirower r~{tustiag payfnent thereof.
<br />Upon payment in fuB of aB sums secured #~}• thu ;+9artgage. k.ender shall. prampdy refund to .Borrower any Funds
<br />held by fender. Ff undsa paragraph }$ herwf the Propeny is sold or the Property is aiherw•ise acquired by Lender, .Lender
<br />sha[I apply; nn Later than imasediatcty prior to the sate: of the Property or its acquisition by Ixnder: an}• Funds held by
<br />[.ender at tltt t:tix of application as a credit agarnsz the mms stc:ured by this Mortgage.
<br />3. A~/iieiNss of Papmeset. finless applicable law provides other+vise, all paynxenis received by Lender under the
<br />Note afrd paragraphs i and 2 htreof shall t+e appbcd by Lrnder first is payment <>f amounts payable to Lender by Borrower
<br />udder paragraph 2 htreaf, then to interest payable an tht Natc, then to tht principa6 of the Notc, and then tq interest and
<br />pnncipal nn any Futter[ Advancts.
<br />4• Clnrses; I.itns. Borrower steal! pay aB taxes. asxexsmcnts and other charges, fine: and. impositions attributable to
<br />Che Property which rtsay attain a priority. aver tftss Mongagt. and leasthnid payments <?r ground rents, if'any, in the manner.
<br />pmvtded trader parapaph 2 herea# or, tf oat pard in such manner. by Fiorrawer fnaking payment, :when dues directly to the
<br />payee thereof. Borrower short promptly turntxh to Lender sit entrees of amounts due under this paragraph, and ;^n tht event
<br />Borrower shaA maEt paytatat dirtctly, Banowtr xltall promptl} furnish ro t ender r~uipts evidencing .such paymt;nts:
<br />Borrower ahail prontptty discharge any lien whtch has prrorrty aver xAis Mortgage: provided. that Borrower shall not be '
<br />requrted io discharge any such titn w kang as Hnrrnwer shall a}tret in writing to the payment of the ohligarion secured by
<br />stteb ltea in a manner acceptahk to [.cndtr, or shall in gaud faieh context such lien hy: or sfefr;nd t:ntsxccment of such Lien in;
<br />legal practediags which nptrste to pravant the enfanxmcnt at the lien ~u totYCiturt of tha Property fir any part thereof.
<br />$• 1E11mA laiarifa~ce. Harrower sAxN t:eep tht zmpn+vamtntc nc w exrxting or hereafter. arcctcd nn the Property insured
<br />agtuatt (osa`by fire, hawrds imtuikd withtn the acrm csiendesi ~,+• ~r..~tc ", and such e+thtr hazardx as Lender may require
<br />and rn attch atrtouats and for xtmh periods ax ixnder ^t,. require: pn++,ded.:itat L.cnder shall not require that the atxiaunt of
<br />stxh eaverage ttii.ea~esd that atxwuftt of covtragr required t., pay tht sum. centred b}~ ihts Mongagt.
<br />"[lta insuraaat tarttier prarrding the inwranct-shalt bt thoscn lsy ldorrawet suhjrct eo appravat by [.trader: provtded,
<br />that wch approval shall not be uttrtawnabiy wihhefd. alit prertttufm on insurance palu:ies xhall ,be paid in the manner..
<br />ptrnrtrLed under paragraph 2 hem>f ar, if fwt paidn such maarter, t+y Bnrrnwer rook,-ag Payment, when due, directly to the
<br />iastusoce carrier.
<br />Al[ instrraatt polcaes sad renewals tittroaf shalt ht m form aeceptatste to 1_endcr and shalt udude a xtandard mortgage
<br />cLiere m favor ofand to trnm+ucepeabbe to [,esfdtr, i cedar shall hare the right to bald the policies and renewals thereof.
<br />: sad Borrower xttalt promptly furnish to [.cadet all rtttewal nnticts and all rectipts ut paid premiums. In the event of loss,
<br />Borrawtr shall Si"e prompt notice trs the insurazrct comer and [.ender: ' I_tnder relay make prowl of lass if not nuuie promptly
<br />by Borrowwer.
<br />linleat i.tnder and Borrower neherwsse agnct irb wrtttng, insuranct procteds shall be applitd to yes;oration ar repair of
<br />the t'toperty dansaged, proxidat stKft rtstorsuon yr regatr is ceostomicaily ?calibre and: the security of this Mongagt is
<br />teat thereby impurad. If Bitch acatorxticm or repair is not economically lrasibit ar at tiro securtty of [tees Mortgage wavld:
<br />6e impaucd the ittruratocc prorecxis shalt be applttii to ttx stuns sxured by this Mortgage, wtth the. excess, if any,:paid
<br />to 13orrosrer: [f lire Ptaperty is atrrndotted t+y Harrower, ar it Borrower tsiks za eesptsnd to lender within 3() days tram the:
<br />.:dart ttotiee is mused by Lender to Borrower that tha imuranct carrier aHers to xttlt a claim far insuraicc haneftts, l,tndtr
<br />is arrthorzxd to collect and apply the ittsurana proceeds at bender's option either ro rcatoration r+r repair of the Pro;,o~ v
<br />of to the storm sectand by this Mortgage.
<br />lin[tsa Leader and Borrower atlterwise agree in writing. any st:ch application. u!' procctds to principal sltail ant °xtend
<br />oi` postporta the dui date of tha nsonthly instaiitneau referred ro in paragraphs I attd 2 hertof or change the amaun: of
<br />stsclt installments. If'uoder paragraph 18 htreof rite Property is acquired kry I.tnder, all right, tstle and interest of Borrower
<br />itt aadto any lrsurarne pofipes oral is nerd to the prncuds thereof rr„srrlting frown damagt to rite P.*operty prior to the sale.
<br />of er~msruon that[ p~ to Lender to the extent of the sums. secuttd by thts Mangagc irnmetiiately prior to such sate cr
<br />av.Xuisliion.
<br />5_ Pteatrrat~ trd Maiuerrasce of Property; Lratetaolds; CoaAwniaiaarat Planeed L'rtH t)evdoptnents. Borrower
<br />stiali isep i're Property in good repast and shah not commitwaste. or pttxnrt impairment' or detttinratron of the Proparty
<br />and shalt comply will, the pnsviatoos of any least if this Nartgage +s an a le:rsehoid. 3f this Mortgage. is on z unit in a
<br />~oncicmxin,um w a plat[[[ed unit developtient; Borrower shaft perform all rat' Borrower's obiigauons under the declaration
<br />or crn~enaats creating tm Fovtming thC' condominium ar piaitntxl unit. dtvelepmcnt, she. by-law!, and. ttgulations vt' Lhz
<br />c:>n:inntin,um ur pianntdunitdtvtlopment, avsdcorntituent documen€s::ifacondomtnitrmorptanned i,nrt dcvclopment
<br />girder „ cxecutc+d b}~ i3orrrswer and recorded. [rsgethtr with Lhis. iwtortgage, the..cav~nanes and agreetncnts ,+f such rider
<br />sh>wtl be irxorparatcd ,tern strict ahatl ametzdl nett supplcmcnt rite covt:nants and agreements at this hfortgagt as if the rider
<br />~scre a pan herrof.
<br />Y. PrMardw of [.eader'r Sscarilr: if Burrower full to pcrftffm the ravciants ,,,d atrrecments contained m this
<br />'tfsuaq~e, ar if nay .rtt,on ~r pexcctiing is commenced whteh snaterialfy alFcct Leer, ,[crest m tha P•nrtrrty;
<br />n>£3udirg,'.tut eu,t lrm,tni tc. cmrn4nt tlsm'iaia: inxnl+seftcy, code en#orcernrni,;,rarr n,erreiar. ^r prttcecdengs involving a
<br />~atiitnrpt er ctcrrdznt, Shen ltndcr at. itiMltf's opriari,. upr~n .notice tc+ Ht+rrawer: ma}. .,lee s+..,:;., ,;~;xarantes.; rlisbtrrsc ssxt:
<br />ate,, ;z ad tutee z+r~h scrxxe as :a necc5kzatq tnpm<cct Lamkr's inteerst. aec,t+„hnF. st a.: r: i,n.ued rte, desburxa.:a~nt +rt
<br />rsat~Garat;k utiG rRC."i Ftti-s :~ cttt tt rite Pr<<pgCv ~! 'n+YSSe F n'r t. •.Kx req ~,
<br />rY x, tiro r i E;agc , -suxance ax ix
<br />ac'Y~ r,c ;. ?~ vtaicszp cite i,~tn soured #sp 1 ,. 1:r, ra,tvtc. ~tso•+~cr sh~rit pay the p-+. ~:uro-~ y. , -,i t rnalnta,.n larch
<br />`trxsureslcc :? r1X<^c.:q ~n;rt x~s.3t time: as t#ee requitemrrtt far .such cnaurance tcrnsinate:z :n aca;oseiaitr." +~: nth Itc+rr:,wer'a dot}
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