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<br />82 °-° tt i~ ~ ~ (3'
<br />-.. UNtepnMt.:ovA,xnN75. Borrawerand Lendercgvenant andagreeas follows:
<br />Y. Payvttat of Priac3pttl sad latcrest. Borrower ;:hallpromptly pay when due the principal of and inttrest on the
<br />ihdabtedttess evidenced by the Note, prepayment and late charges as provided in the Note, and tht principal of and interest
<br />an aory Future Advances secured by this h4ortgage.
<br />2. I+a~ for Tam and Insurance. Subject to appgcable law or to a written waiver by Lender, Borrower shall. pay
<br />to Lenderbn the daymonthly installments ot'prrncipal. and interest are payable tinder the Note; urstii the Note rs paid in full,
<br />a um (herein "Funds°) equal'to ant-twelfth of the yearly-taxes and assessments which may attain }>riority over this'
<br />Mortgage, and ground cants on the Property, if-any, plus ono-twelfth of yearly premium installments for hazard insurance,
<br />plua,ame-twelfth of yearly premium installments for mortgage insurance, if any:. all as reasonably estimated initially and'from
<br />time to ama' by Lenuer`or. the basis o1' asstssmcnis and bills and reasonable estimates thereof:
<br />The Funds shalt ke held In an institution tfie deposits or aceatints of which are insured or guaxameed by a Federal or
<br />state agency 7incittding Lender if Lender is such an institurion3. Lender stroll apply the Funds to pap. saidtaxes, assessments,.
<br />insurirtcepremiums asdgrpund rents. Lenderrnay rat charge for sa holding and applying the Funds, anatyzingsaid account:
<br />orverifyiagandcompiiingsaidassessmentsandbills;uniessLenderpays:AorrawerinteresiontheFundsand"applicabielaw.
<br />- permits lxnder to make such a charge. _ Borrower and Lender may agree im writing at the time of execution oY this
<br />Morn;age that interest an the Funds shall be paid to Borrower, and unless such agreement is' made oc applicable law
<br />requires such interesbto be paid, Lender shall not be'regared to pay Borraweranv interest ar earnings an'the Funds. Leader
<br />- shad give to Borcowet, withoat'charge, an annual accoutihng of tEJt Funds showing Credits and ditrits to the`Funds and the
<br />pu[pose for which welt debt[ to the Fun3swas made. The Funds are pledgedas additional .security far the sums secured
<br />by this Mortgage:
<br />If theamount o#.ihe-Fundsheld by:Lender,.tngethar with the future monthly installments of Funds: payable. prior to
<br />zhe due dates of taxes,: assessments; irrsurancepremiums and: ground rents, shalt ecceed the amount required to pay said axes;
<br />assessments; insvraacepremittmsand ground rentsas'they faildue. suchexcessshalt be, atBorrowers''aption,either
<br />prompfiy repaid to `Borrower orc:redited to Borrower nn tnonthty installments of Funds: If the nmaum' of ttit Funds
<br />.held by leader shall not be sufficient to-pay taxes; assessments; insurancrpremiums and ground rents. as'ihey fal6 due,
<br />Borrower shall pay to [xttder any atnoune necessaru tg make vp the deficiency within 30,days trom [hr dste notate is mailed-
<br />by :Lender to Borrower;requesirng payrnert thereof.
<br />Upon paymentin full of:atisums:secured bythis Rlongage. lender shall promptly mfund to BarroweranyFunds
<br />held by Lender. If under paragraph 3$hereofiheProperty is soVdgr the prapert} is otherwise acgc ired6y Lender. Lender
<br />-shall apply: no later. Than immediately prior to the: sale of the Property ar is acquisition by Lender; .any Funds held by
<br />"Leaderat. the time of applteation as- a credit against the sums secured br this_btortgage.
<br />3. Ap~licatfott of-Payaenb. lJnless agphcablalaw'pravides otherwise. ail payments r~.c=red by Lender on¢er the
<br />Note andparagraphsLand26enof sitatibeapptiedby Lendar'firsr m payment of amaiints payabtcto Leader h,BOrrower
<br />undo paragraph 2 hereof, thin to imerest payable ou,tht Natc; then to the principal of the Nofc, and they tut ;retest and
<br />principal'on any Future Advances.
<br />4. Chrsttett;.LJeaa. Borrower shall pay all tsxcs. a~sessmtnts and other charges, floes and impositions -•attnbvtable to
<br />tfte Property. whichmay attain a priority over this Ivtartgage, and. leasehold. payments or. ground rents; if any,. in the: manner
<br />.:provided under paragraph2 hcrtof or, if not. paid in such manner, by Borr}ewer making payment; u=htn due<directly ro the
<br />:.payee, thereof.. Borrowtrshall. promptly furnish. to: Lender alP notices of.<tmetmtsdue tinder this paragraph, and in the event
<br />Bprtpwar hall make payment directie; Borrower shall parmptty tarnish m Lender rcceiltts evidcncingsuch payments.
<br />Borrawershallpramp[ly discharge any lirn whichhas priority over this.'ti4artgage: provided,.[hat Borrower shall not be
<br />rogttired to discharge nay such lien so long as Sorrau~tr shall azrec. in writing 2e? [he payment iii the otili~ation secured. by
<br />such lieain amanner acceptable tn.I:ender,er shalt in gaud faith contestsarch hen h}': Grdeftndehtarcement o4 suchlienin,
<br />7ega1 proceedings which operate to prevent tht cnforcemrnt of the liar. ar forte;ture Uf Utc Prc>perty or any part [hereof.
<br />_ S: Saaard Iasrrance. Baarngcr shalPkrrrp the irmprovcments now e<istilCgoJ' hereafter erctted an ttte Propertyinsurcd
<br />against loss i•y Rrc, hazards included within the corm ''cstrndtd c:oseragt"; arrd such other hazards as l.cnd~r nray 'requtre
<br />sad in suchamauntsand for wchptriodsas Lender nzay rcqurre: prnv~d€~', that Condor .half not require. that itaeamtwnt t~f
<br />wu,h covtraga;exceed that amaunto! covtragc required to pay tht ~ ~n„ scented by chi; Mortgage:
<br />Theinsuraneecarrrer.providing the::insuraneeshaf;bteh_*.en '_•_ btirr~+wer suhleat to approval by t.ender;pravided,
<br />that sucn approval shalt oat be ttnrtarxtabty withheld: All premrurn. an insurance p~lrcits ;halt 6e paid in the manner
<br />provsdedunderparagrapb,'. hereof ar, of not paid in sueltmanner, h. iSnrrower_makingpsyment,whei, due...dvectiyaothc_..
<br />insurance curter;
<br />All insuiancepoliCies and rtncw:tis thertoishalp t~ infarnt ucctipiablcto lxnihr, nd shalt incl~ida1, standardgtartgagc
<br />.clause m favor e( and in form acctptahfe is Lender; I_cnder shall have the night to hall Axe pa!ieizs,and. renew;ds thereof. -
<br />'and BarrowershaHpramptiy furnish to Lander ailrenewatnotices an3 alfrtceipts:o( paid premium>. Ia the eti•ent o[ loss.
<br />t3urr~tvershalf grvc prompt notice u> the ivsurance carrier and Lender. hendar may make pnx•6[?i foss if not madeprontptly
<br />by Bar;owu:
<br />UnlessLenderandBorrowcr otherwise agret5nwriung, insuraarr prsneeds shatibe,alsphedto restc~ratioisorrepair c,f
<br />the Fropcrtyd~nagcc'., pmvlded >uch restoration or iepatr ts' ac;anamicaiRCe~asibte and the ieeunt} .if t}tis 'dongaRe is
<br />not ihueby-impaired if such reuoratitxt'os reps![ a not economically iwgible qi iF the securit}'a!' t}ais lvlt r~:i;a would.
<br />be rmp.ired. the insurari-e pn•+ceeets shall bead:plieJ a, :1:e snnss s :~icr h•r [his Margag~. ~.vith ih+.ex~_s if .any. paid
<br />to Borrower. tf are Proper n • aaandoned:by Borr •« ..~r:r $nrrr eel '.; ., ,-a r~:~.pprtd to Under within 3G ~~}s '~omthe.
<br />date notice is tootled iw Lei,der =-~ Barraw'er the. Ctu: asuraact :.arx.u'Li _.. ~etixttlc Yi daittr trot ir,.u:an~i; be iJir,. Leader :
<br />is au[honze;i _> _t L~~, a J ~a ppt; the msvrara.° praceads at Lcndcrs ep'„=^ cltherta restoration 3: repair e:+t tnc° 1'ro{~erzy
<br />or to rlre sums secured ~~} this MOrtgagt.
<br />Unless Lcnckr sect Norr:rover otharu=isr,. ayrec la writing, as}~ su,:hnppiir;atian citproeeedste principal shall nod extend
<br />_ or postpone =he qua date of tie monYhl}'installmcatisreferred to fi3 paragraph> F aria Z hereti,`,. ar change: t;iz arnocint of
<br />such inswlments. IY cadet paragraph :E8 nereof the Prapcrt}' is acquired bylLendu, at! right, tide and rgteresr at Borrower
<br />in and :o an. :nsurance p ;ties s :d in:andto [tic preiceedsthtreot rcxutung fiord damage to t[tt Property prior ter-tYie sate
<br />or acqu:~:Ua^ ;ha!_ pe~.> .~ i <nder to the txfent of the sums .secured bq fhis \~]ertgage :mrstedately prior to arch salt; or -
<br />acquixitian.
<br />6. Pnar»ation and yfaintznaace: of 'Propert}: Lraseholds: t;oudoatnii:ms: Planned !_!ttit :UcveWpnients. Borrower
<br />shall kepi, the Property cr goad reoatrrttd shall oat commit waste or petrol[ inepasrment or dtttnoratian of the'Pegperty..
<br />ar:d ti:, alt wmpl ~ sith ibe ~r~vivocs of aw'leash if then 'stortgagc es on :~ lcac~bold- 3f fu„v hloin c. ,;r ii on ., ..nit in it
<br />c,rnduminium c :: pL.e.^ r. r.~e[ t`e <apmcnt, Bz;-owe: shall Ix.rfortn a1= ot'9 ;.,_.C:'"s ubligatsar im,du t"+~ dc;lai.,;~an
<br />or ccvensti:s .rati.g r- _ r.:nl, the candrnuaam ~r plannzal tmitdcvc ,m.erilC. iht by-laws .d ,~•.g.~; usn5 :a. rho
<br />tUndo,^:imum <; st.i.t..ud ui[ ..r~~: ~ }s.ce;..:rr1 ~rursii4ient da:utr:et,tc, IY ;. ~s+ndithtintum c~,r p: , ,.~ m:!! devcls~pmziil
<br />- r: dsr is c:xes:uted by 13orr, wet en:. rurrdcd ..getn e. . ;;~. t2:is. :Mottgaga, t::~ ~avcn.-r tb a ~3 r: vrnrn Ur ,uch rider
<br />shall be tn:,or,,oratcd rots ao1 s}=;a1; amend are :.pt.iem..r 'tv-.,,e~.COantsssnd. dstcr°i<~..:,i ~hi> Mortgage an if thr de3er
<br />acre z ~ .: herwt. :.
<br />7 Prutrtfktn of Ltvdrr _ ,Srcurin~, It H rr c i 7m ttie , rerrrten s carer t rn tb=.=
<br />?v!,~r.gagr., c: if any x...., ~:- pre~i~^taimF .~: ,nr.. c. e, nr ... ~« ~, tall ,I{_,-s ! .r t ~att.n s: sit. it.. 1 , ,~crti,
<br />- :naading. ~:s ..,,, Bottled tt>, nmmcnt Somait: i, -... en„ ,-.it rat„ u.,~,r,: -c rr;mg. u~•_,.. , , r .ecdlni.s -t•~~, •ag a
<br />burg^.ep '?c-"dc..; i, e i C _i;:iCr a. 1 .aucr s ..~ ~. H,.. .r ~ _ ;=i c -..r ~ r,~ ;u.~:h
<br />stt.'RS a.^.d tak. s~_h , ...~ a. n ~<, - i,: rv -,.<t 1L~ u : i_ ..t ,.. rn~ , i ~ ~ ,-,_itr rdt
<br />.t' ~
<br />reasonable aao .e4 leati .~.~ .. ii ~ =.ht 7 tt,f _, r:e.a._. - ~I [ ,der - _ _ ~~. ~~
<br />ccnd~U,?r, tit s.tik_rg :F~ to .r_cur rF. '+,. _,r R,, ,.,~ s Fa _., rcq .. ,;rota
<br />v~ .at__c ir: =-.r., r -ar,i? ,.'i t;rrc ~, -.ie. ~ ._.ne,r' :o.. ,_`., a-: i «,-.d :cr ... tie .~ ^dat5. ~. ~., Y.)u, ~ c.a`. a.¢zdt
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