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<br /> .$3--)91990
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<br /> TJ.';lr-ox:.c :exv£`: sti t:s. Rorrow er aead 1,cn&r 'z-OvCnsnt and agtree as fcllCwS:
<br /> I. p'ayanent of Frincifral nad interest. Borroupu shall promptly pray ssltcn dire the pritrcipal of and interest on The.
<br /> irKlebtrdrt e•; tdcrccJ l•y the Note, prcpa.ymem arr.J lists charges as p'ovi(icd in the Nate, and the principal of and interns?
<br /> on any Future .tid,.'ancrs secured bW this Nfprt,gage;
<br /> 2. Funds for T*xts and Insurance. Aubfect to arplicabls law or it) a +ritlen waiver by Lender. Bvrrowcr shall ;,say
<br /> to Lene'cr on the d.,y monthly im:talirrenl;s of priucipal and interc°: are payah,c under the Note, until the Neste in pai•,;. in full,
<br /> sum tnct- ira ''Funds'"i c:}Lai to ;mc-iwelfth of the ycartr• tales and Ass&s-m-rnts which may attain priority over this
<br /> tf; r+gagc, and s +".,n.d rents or. the Property, if avy, plus uric-twel(th of yearly premium installments for liaznrd r.n or-bt:ce,
<br /> Plus ore•rwrlfth of .early prrrnit.Rrn installments for mortgage instirar.ce, if any, all as reasonably estimated initially acct! from
<br /> tin=e to time bs i...e:n4er or. the basis of a.sscsrsrncnts and `bills and reasonable e.:tint.attss therraf.. n
<br /> 11e Fun, s Fhall rK held in an institution the depc,,. its or accounts of which are Insured or g;aar steed by it Federal or
<br /> state age ac} !ir 'ts.l rag ?..-ender if Lender is such an in ;itixtionl: Lender shal! apply the Funds to pay said tares, as!i~.smcnls,
<br /> ;osi.lra,nce prer?t.sti s -not ;round rln: ts. ',..casdrr onav no; charge for so holding and applying the funds, analyzing said, :•cceunt,
<br /> Q. a•erifyi-'r ari r r::; ilirtg, said asscssmcnts tans.t t+iila, unless Lender p=ay-, Borrower intcrtsl on the Funds anal applircable law
<br /> periYtits I_cntor to .w=ake such a charge, Borrower and Under rnav ;tgrec in writing; at the t:rttic of execution of this
<br /> Mortgage that ir;tcrest on 'the Fund:2,, shall be paid to Borrower, and unless such agreement is rsade or applic=able law
<br /> requires such :ntrr•~st it, be paid. Lender shall not be required to pay Borrower any interest or tarnings on the Funds. Lender
<br /> shall give to llr. rr; wee, without charge, a,s annual accounltng of the. F'undt: showing credits and dcl-,its to e'.ac Funds and the
<br /> purpla'C for wht-h each ect?it to the )"unis was made. Ibc Funds are pdr.+ ltcJ as -litional security for the slims secured
<br /> by this Nlortg;acc.
<br /> If the auto lm, of the F=un& held by Lender. -ogether wiih the future rnonrhly installments of Foracl~. payable prior to
<br /> the due dates of :arcs, nscrscn,ents, insurance prcriiurrss and grc.,und rents; shall cxctcd the amount rcquMlii 'a parr said ta:tcs,
<br /> assessments, insurance prcmi rrn< and ground rclits as they fati due. suO r.tcc-ss shall bt. at Borro%ke.•s vpticn, cithti
<br /> promptly repaid :o Borrcmer or credited to Borrower on monthly inoalluserits of Fords.. If the am,tunt of the Funds
<br /> held by Lender :.;tall not he suf¢lcir-nt to pas, taxes, assessments ;nsurarlcc prcr?i:.:ens :a,i1 ground rent; as then fall due.
<br /> Borrower shall pay to l-ender am amount noses,,+ary to make • p the dtrficicncy within clays from thr, date notice is mailed
<br /> by Lender to Bii wooer requestirig payment thereof.
<br /> Upon Say:men; ir full of all sums securr::d by this Mortgage, Linder shall promp tJv refund ro Borrower any Funds
<br /> held by Lender. If under paragraph IS, hereof the Property is sold or the Property is otherwise acquuvd by lender, lender
<br /> shall apply, n-~ lmer than immedi;jtcly prior to the sale of the Property or its acq; isition by Lender, any Funds held by
<br /> Lcnc:er at the t:mc of application as a +.:cdil a$,airts, the sums secured by this Mongoose.
<br /> 3. Applitatio n of Pavmentsc. Lnlzss :applicable lax provides otherwise, all payments rcreircd by I..cnder under the 1
<br /> Note and parag;rapl-s I and 2 i';creof shall ba appbcd by Lender first in payment of amounts payable to ["ender by ljorrowcr
<br /> >;nder paragraph 2 hcroof- then to ixitc-~st payable on the bete, then to the princi,r-+l of the :riots, and then to interest and
<br /> p,nnc:pal on any I=u:vrc Ad:2nccs.
<br /> •t. +Chatrrr.; Liens: Borrower 4;?a!l pay all taxes. z~•sessments and other charges. firifts and rnpositions attributable 4)
<br /> the Property which may attain a Priority over this Mortgage. and leasehold paymcni~ or ground re=nts, if any, in tthc manner
<br /> provided under paragraph 2 hereof or, if not paid in such manner, by Borrower malting payment, when due. directly to the
<br /> payee thereof. Borrower shall promptly furaic.h to Lend=s all notices of amount; slue under this paragraph, and in the event
<br /> IlorrovFcr shal§ make payment directly', B,_-rroAcr shall pronip.tly furnish to Lender receipts evidencing such payments,
<br /> Boric°x°er shal'1 promptly dischargt- any hen shish has priority over ,his Mortgage: provided. thm Borrower shail not be
<br /> required to dis;,::harge art such 5- sea long as B ~rrov cr shall agree in writtn ; to the payment cf the obligation secured by
<br /> such lien in a .^.ri nncr acccpsabic to Lender, or shall in good faith contest such lien by. or defend cnforcrment of such lien in,
<br /> legal proceedings which operate to proveni: the enforcement of the lien or forfeiture of the Propcr*.y or any, part thereof.
<br /> 5. llaxard Insurance. IloarioAer .nail keep the irrtpro,emcn!F now existing or hereafter erected on the Pro;vrty mitire•d
<br /> against loss by fire, ha,-.ards include-. within the term "cictended coverage", and such other hazards as Lend,-, may require
<br /> and in such arnounu, aind for such periods as Lender may require; provider?, that Lender shall not require that the vnount of
<br /> such coverage. exceed that atnount of coverage required to pay the sums scoured by this hfortgt=gc.
<br /> The insur.Lrcc carrier providing the insurance shall be chosen by Borrower subject to approval by Under-, provided,
<br /> that such approval shalt not be urncasonal.%ly withheld. All premiums on -insurance pelicans shall be paid in thc manner
<br /> provided under paragraph 2 hereof or, if not paid in such manner. by Borrower mr-king pa!, ment, when due, directly to the
<br /> insurance carrier.
<br /> All insurancc policies and renewals thet6eof ihall be in form acteprable to Lender and ihtill include a standard mortgage
<br /> clause m favor of and in form acceptable to Lender. Lender shall have the right to hoid the policies and renewals thereof,
<br /> and Borrower shall promptly furnish to Lender all renewal notices and all rec:tipts of paid premiums. In the event of logs,
<br /> Borrower shall giv- prompt adobes ice the irlaurancc carrier and 1_erider, {:ender may make proof of lass it net made promptly
<br /> by Borrower.
<br /> Unless Lender and Borrower othcrwoi c agree in writing, insurance procccds shall be.. applied to restoration or repair of
<br /> the Property damaged, provided such restoration or rcpsir is economically feasible and the security of this Mortgage is
<br /> not thereby irnaaired. It such restoraii;in or fepa;r is not economically feasible or if the security of this ;Mortgage would
<br /> be impaired, the insurance proceeds shall be applied to the surns secured by this Nlortgag°e, with the excess, if any, paid
<br /> to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br /> f;,te notice is mailed by Lender to Borrower that the insurance carrier offers to settle i claim for insurance benefits,. Lender
<br /> is authorized to collect and .apply the in,.urarcc proceeds ai Lendcr's optiori either to restoration or :cpair of the Property
<br /> or to the., sums secured by this Mortgagc.
<br /> IWC s Lender and flurro%%tr othcrwise -.grcc in writing, any such application of proceeds to principal %h.all not cttend
<br /> or p'sstpome the duc lore of ihc: monthly installments rcfcrrtd to in paragraphs 1 and 2 hereof or change the amount of
<br /> sucf, inNtallmcrits. If under paragraph IS hereof the Prorpcrty is acquired by Lender, all right, title and interest of lliirrower
<br /> in ant' t~ any ;nsurancc pxn;itics and in and ti, the proceeds thereof resulting (rout damage to the Properly prior a•) the sale
<br /> o; ac.pc;.sino'i shall pats to .radcr to the extent of the slims secured' by this Mortgage immeo,iat:ly prior to zuc,•i sale or
<br /> ncq+aisiiic>n. `
<br /> ti. Ortscrsation and Maintenance of Priagtrrty; I,exsrhol[Ist Condctniiniuurts; Ptanned knit Drvrlopinmts. Morrow.-
<br /> ii!tall peep the Property in gor'd rcpr,ir and shall not commit waste or permit )mpairmcnt or deteriormlon of th% Property
<br /> :xnd sh,ol comply with the provislor.s of ~a.ny Ic-t!.se if this Mcditgage 1s on a leasehold- If this Nortgage :s on a unit in a
<br /> ':cradon'iinium nr a p1mined unit deva:topsrler t. licarrower .Shall perform all of Borrower's obligxrions under the declaration
<br /> csr coyctsants creating or governing the condoniiniurn or planned unit, developmcw. the bylaws atr;l ;,citations of the
<br /> co:ndornimum er planned unit clevelopmcni, and ;onstitucrst document!,;, If a condominium o, plati"-!J s=nit clevelopment
<br /> ride=r is executed by Borrower and recorded together with ilsis Mortgage, the covenants and agrees-m!; of such rider
<br /> shad bt: incorporated into and shalt amcrd and supplentem %hc covenants and agreements of this Icfor!gagtr as it the rider I
<br /> iccrc ;t pant hereof. 1
<br /> 1. Profeetitans Of I.rnder's Security. If Borrom,:r laiis to ;xrf ar•,i th,x cove,nanrs and agreements C miained it, r}+!,
<br /> `iongage, or if any action or p:rocccdin,t is commenved which nsate•ially atlects 1.endtr's interest in tf?t Property',
<br /> including, but not limited to, eminent dorm tin, inituivency, cvdc cnfe.-cement, or rrsngrrrsents or prccrcdingts involyirq a
<br /> hankruptor deccdcrit, then l ender at Lendt:r's option, uptsr, raofiet• to Borriwer, nsay mt:r.e such a.ppcaraances, disburse such
<br /> sums and takc such action as i. necessary to p-btcct 1_:ndv% intrre:st, includmg, but net limited to, disbursement of E
<br /> reastmable attorney's fcea and entry upon the Property to snake repairs, It Lcr,,icr requited mortgage insurance as a
<br /> c:ondiuon of miking, the loan secured by this Mortgage, Borrower shall Pay the prensium% rrquirrd to maintain such
<br /> insurance i.n effect t.-nut such time as the: rcxfuirernenj for such insurance tVrrrinatO in accordance with Borrower's and
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