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<br />- g~~QU221~
<br />- - U>ttsorcrr Covev,tzis: Borrowerand Linder. covenant andagreeas follows.:
<br />f. Pa_vmrni of Prirtdpal axsd Iateeest. Borrower shall pramptly. pay when: due the!prmcipa! o znd }merest:or. the
<br />', ~ indebtedness evidenced by the emote. prepayment and late ckiarers as provided in3he Nare.and thepriacipal of andirnerest
<br />on anp Future Advances secured b;' this Mortgage.
<br />2. Fonds for taxes ^nd Iewsnece. Sub}ect-to applicable }aW cr to a usiten wa3verbF~Lendcr. Sorrowet -:h.1; p.,
<br />to Lander or. the da+ movthh~ ~nstallmcntsof p*incipat and imeresa are payable under tha Fore:, until the !tote is r aid in fuII.
<br />a stun :(herein "Funds'i squat to anertwetfth et tha tear])' cases and asscssments:'whiith may attain Fnnrin~ over chi;
<br />_- ?.fortgage, and ground n_nts nn the Prope^n :. an+, plus one-Ywe}fth'of yearig',premium installments for hazard insurance,
<br />nlus oae-twelfth of yearly premtum installments for mortgage irsurance: i€ any;. all as reaseiiabt~ est;n,a[cd initially and from
<br />nine to time be Lender on the basis of acsessmcnts and bills and reasonable estimates thueof.
<br />The Funds shall be held in an inst{xur,'on the deposits or accounts of tvhrch 'air insureo or guar anteed b} a Fcdera! or
<br />stau agency (includ{ngLender ff Lender rs such an institution]; Lander shall apple the Funds [o pad sand talcs, assassments,
<br />iasu*ance premiums and:gtronnd rents: Leader may natcharge for sa hdidins and appi}'ing the Fundc, a~ai+zinc said account.
<br />o.* verifti7ng aad compiling mid assessmtns and bills. unless Lender pa}•s Borrower interest on the Funds anti apphcab!c ia•.r
<br />ptrmiu;Ltnder tomake su:]: a c'tsarge. $ora~owu andLender ma3~-agreeinwriRngai. he'.tirne o ezeution n[ this
<br />- Mortgatit that interest an the Ftmds:shalt be. :paid to Bcrrou•er, and unless such agretmen[:is mace .r :.ppl.cable taw
<br />- reauiressoeh interest to Fx paid, Lender shalt not~bi reaairedio pay Bofrowe- anc intrresr or earnings. oc the Funds i_ender
<br />shall glee to $orrou•er, a-ithoui charge. an annual: accounting. of s}:e Funds showing credits and debits u. the F::nds and the
<br />pnrposc for which'each dihirto the Funds ~'as made Ilia FuncLs are piedecd as addiaionaF sew:its for ,h~ sums secured
<br />lay this Aiortgaae.
<br />I`the amount of the Funds he{d liy lender. together with taco future momhly installments of Funds payabft prior to
<br />the due-dates of taxes, assessmems, t~sura-rce premiums and Ground rents: shall exceed the amonatrequired to pay said taxes;
<br />assessmenu. insurance prcmiuats and-ground rents as they tali due: such excess shall be, at Borrower's option, eft}ier
<br />promptly repaid io Borrower or cedited tai Bo:mrwer an momlify' installminu of Funds: If -the amount of the Funds
<br />held-by Lendez shall not be stx+Sicient to pay rases; assessments: insurance premiums and ground rents as ttsev fall dui.
<br />Harrower shall pay to Lender an}` amount necessar} to make. up the dtficienrs with=n 30 da}s from ;he date. Notice is matted
<br />br I~nderto Borrower regriesuag paymrnr anereo,•.
<br />Ltpoa payment in full of all ;ums secured by this Mortgage. Lendu sha13 promptly iifund to' Borrower an}' Funds
<br />held by tender. If under puagraph i g hereof the Property is sold or tie Property is ocherwnse acquired by Lender, Lender
<br />shall apply rxo later than isnntediatety prior to the sale of the Propem or itracgwssuan by Lender, any Funds held by
<br />Leaden at the tune of appli~zton as a credit agaiast :hc sums secured by thts lsiortgage:
<br />3. A~pHHcatio~ of Yxtryauw. ]unless applicable taw pro. ides otherwise; alt paytncnts rrceivtd by Lender under the
<br />tints and paragraphs : and ~ heron; shalt bt apphcd by Linder lien in patment o{ amountspayaple to Lender by Borrower
<br />tinder paragraph 2 lrcttof. then to mtertst payaole on chi 2tote. thin to the procipai a{ the ?~;ae. and thin to interest and
<br />pntxtpai on any Fntttre .ttdvaaaes.
<br />i. Ciaesac 7ieaa. Borrower shall pay a13 taxes, asscssmrnts and other chat•grs, fines and tmppsiuons attributable to
<br />the PYnpaty` µitich mxy stasis a pnorin: over tttss Mongaga. and -leasehold payments: or ground rents, if an}-, in the manner
<br />provided tinder patagt~gh 2 hertrof or if not laid m su: h manner: b~ Borrover nai:ing pay7zienz. u•hrr. due: siirectiy to the
<br />paws tbetrrnf. Borrower. shall ptomptf}' fuaauii to Lander ail notices of amounu due under this patagrapft: and in the event
<br />Ba~rrower shall snake payoseat dix~tiy, Basrowar shall pramptly iumtsn to Lender recaipts evidenang such payments:
<br />Borrower shalt pramptly discharge stay teen which has priority over this'Mot2gage; provided, tPiat 8orrawer shall not ba
<br />tegrtired to disrhu~t an}• streh lirn sa long as Borrower sisal] agree is writmc ia'the paymtnt of the obligation secured by'
<br />such lien xn a manner acHeptable to Leader, orshall m goad tauh Gamest such lien b}•, or defrnd extforcement of such lien in.
<br />feeaP proceedings which opixaie to provost tree eaforeement of fire lisle m forfeiture of the Property. ar any pan thereof.
<br />S. Haord lutwanee. Borrower shaA keep flit xmpravemtnts ncr. existing nr hereafter ercctad on the Property insured
<br />agrinstloss by fue, haatds inctudtd wiahm'the term `extended coverage". and suds other hazards as Lander may require
<br />and in strch amounts and for such periods as Lander may rcqutte: nrttvidtd, that Lrnder'shatl net require that the amount of
<br />suHh covenpc exceed tfiat amm:nt cf coverage r~uired to pay the sums secured l+y` this M4ngagc.
<br />The iasurts~e Harriet pror~ing the intiuraatc sltail br chosen by Boric+wtr sabtet, eo aPprovai;tty Lender, provided,
<br />that suHh apprera9 shall not be ustreaso¢iabh withheld. All premiums as msurancc poiHits shall tae paid in the .manner
<br />provided: wader pasartaph Z hereof o*. if oaf paid in suds maatru, by. Borrower tnalrng paymrnt, .vhcn due, direct]}' to the
<br />iDaHrante .curter.. ,
<br />All iasuraxice,policres sad rene+sals antseof shall be rn form acceptabte to Ltnucr and shad snciude a standard mnrtgagr
<br />elattse in favor M and in farm axrptable to Lender. Letsder xnaii have the ngiii t.~ hold tnr pahcies and renewals thereof.
<br />aadBarrowex shall proxaptlg tisrsauh-to Lander all renecat not;ccs and alt rrccipu of paid premiums: In the avrnt of inss,
<br />Borrower shall give promptxxotice xo the irauraxtce curter axed Carrier, Lender mar make proei a€ loss iYnat mryde promptly
<br />by Borrower.
<br />L€ttless Leader and Borrower aihttwssc agree in w•ritxng, rnsurantt proceeds shall he tipplxtd to sYStoration or repair of
<br />the Property damaged, provided sitclr testorauan or rtpur is econamscaily €easibk .end the security of cites Yongage is
<br />:not thetebv {unpsized. If such xestotuion ar rega:ir u na ernnotnicali~: feasible or sf rise: se.Htxrtty of this Mnngage would
<br />be atapaixed. the inr<urance praeeeds shall be appiieS to the sums secured by this Mortgage. with the excess; if any,;. paid
<br />to Harrower. J" thaPrayen: is abandaotd n?; Borrower, nett Borrower fails to respond to Lender wnhn 30 days atom the
<br />dawn suttee ,s mailed b} Lender to Horrawcx that rirr trssu.~aa^c carritx offers to settle a cfa{rn for insurance txnents, Lender
<br />is authorized to collect acid apply the imurance proceeds at Lander s option tither io rastorauon or repair -of'the Propart}
<br />nits the sums secured by t]ais Mortgage:
<br />Uakss Leader and Bcrrawtr oiherwsse agree #n w=iring. ar.} such application of proceeds to pnncspai shall not intend
<br />or poittpone ~x dui date ~~: t?x month)}' instalitaeacs re€errid to in paragraphs 1 and ~ hereof or change the amount pf
<br />such rnstallnnena. It undu pant:apli i$ htr~€ the Propenj ;, acqu,red'py Lender, ail rirtht, tx[le and interest of Borrower
<br />in and to any xtssuraxxt polrtus sad in and w alas proceeds thertaf resulting from damage'ta the. Property prior u> the sale
<br />- e: acgtisiti~ shsl's pass to Lrnder to the ratio: a.' tlx swim secured by this Afongege immcdsa:ely prior tc such Bait or
<br />aHgttmtion.
<br />6.7'ruerntion sad ~rainunaareaf YropettJa t.easeholxlsa Condominiums: Planned.L'nif 77evetupments: Borrower
<br />shalt ktcp-the Property in good rtpai: and +haIi sat Hatatn3i: w'astr or pcrxnxt frnpa>,•ttteat qr d*_teriorauon of the Propeiti
<br />sad shall comply w>•,ts the prvstisioas n: nn~. lour if clan 1#ortgagtis..crn airasel+oid. if rhic :14ortga~eis cn. ~ unit .r. ..
<br />condominium c: a pia:.nad unr, .lt~+:iopmert. Bonawer shall perform ail of )iarcowcr i otsiraauons under :ht d.Hta.at:; r~
<br />oc covcaants cr~ung orpcsernepg the coaonm,asumorplanx>r~d vnitdevelopmrnt, ante by-taus and rtlu'ution, rf :t.,,
<br />condominium cr ~lantud un development. and catutiriirnt doctimtnts. :> a condominium or plar.ncu .. .._ , e ~r:!
<br />:idtr is ezecutea: by Borrows star re..:`tc t;~ycihtx w%hihis Afar[gage« a3se'crnenants: and agrerrt_ , _
<br />shill oc incoraeraaec into any saal. amrnd anc sueptemenithi couerantsand,agreemerixs of this .~Tqr:} t .. .? it trier
<br />ware a par: hereof. ,
<br />- ~ 7. Proxectien of i,enders Securin 8c:^owerfa;fs [a nertosm .are cave-,sn `i~' agrrrmrrs u ta.~~c~ t~~s.
<br />M'o:tgagc aa+ :nx o p;nGOau„ :, smmeaced Hash xna.ertalz•: aucc., n::e: s incite . i .•u f ro{x.r~,.
<br />inclutimg. 'vat t:o; ur., ntc to, crztinenl dorn<in. mac ivr ta} .,~ er .i.'.emer •- :. .. -aa_-_.... n, et }'^<'ti_~ d'n-: e. •. _..
<br />cxn}:rulx v; dece3est; [c~e~ Londe[ a; Lenoe. s ~ ~ :pow n~t~;e ~ Br _ - ..,._ _.,... zpyrtatenec. c;s'nu , ,,,:ii
<br />- sums z-sd coke sue}: a;:ison a. .., oacz,sa ~ n ,ire ~~: Win; ...G._. _.-u:~^t ._, nve ';:uic~ ,-:r.,.-rau;.cnt ..
<br />r'~ns~~ at:orne~. _cs Lad crz.^ a .:,e :'r -y to and ~. r ~~ -
<br />poi, . {>s rat e 1 i -=nuc, c-qu cd rtaortgaF _ _ e ,,
<br />usct+si!:na of mati;n~ tea }c.a-: ,evai:e~ab]+ th+t?dartgafc, Br ~:u-e'rk p _ -rq~.- t .,:~;t~ ,wcr~~.
<br />iasu[a,acs .: cfec. a.,:. ..ii t~ as. the rcyuiriinrnt ft~r sx!i xnsc~ancc tcrr»nastt ;n r:~.orda.,x•.. ~+J: $^r-.: cr.;. „ w,
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