<br />7~--~~C18~2~
<br />Ua~ostnt Covs;x,arrrs. Borrower and Lender covenant and agree as follows:
<br />p. Payatent o€ Paffi hall per. Borrower ahaA promptly pay when due the principal of and interest an the
<br />iade<Stcdness evidenced by the Note, prepayment and late charges as pravitled In the ;dote, sad rise printigat of arm interest
<br />tin nay Future r•sdvansxs secured by this Mortgage.
<br />2. f~' Treace IasaAattrce. Subject to applicable law ar to a written waiver by Lender, Borrower shall gay
<br />to Leader an rite day t`tttanthly instal?mcatc of principal and interest are payable under #tie Naie, until the Note is paid in fuU,
<br />s sum ~nerta °~unds~7 al to one-twelfth of rite cart- taxes and assesstents which m axcaia .z, f,:w
<br />etlu Y i ~ y.eart:.7
<br />Ii•#ort~rce. aisd srouad_ teats as tine Pra_aerty> if env, plus one-twelfth of yearly prerttiurrt installments for hazard insurance,
<br />ifits ~-±~lfth of yearly mlum it*._tallt3u~zis for ~°e insurance, if any, asl as reasonabbg estimated iaitiaily and from
<br />time to time by L+e~er on the basis of assessments and bills and reasonable estimates thereof.
<br />The ruttds shall be held in an itestitution tlx deposits or at:counis of which are insured ar guarautezxl by a Feral ar
<br />-~.ar {:nel:~ing ?.ter if-under is sue.h an i~`it+n) . - ~ r ~-.l? apply tl~ Pleads to pay szid taxes, aamen2s,
<br />Inattrar~e prami~~=tts zitd gmtmd rears. Letts~r may hat charms for so balding and applying rite Funds. ana?y~ng said actatxni,
<br />ar verifying atxl compr~iag said assessrrrents-and bills, unless Lender pays Borrower interest on the Funds sad applicable law
<br />petzitits-Under tv make strclt a charge. Borrowee and Lender mzy aa.ec in wntiag at the tithe of execution of this
<br />Mortgage that teletext on .the ~tutds shall be paid m Borrower, and rsn3ew such agreement is tnadc or applicable law
<br />r~uirss sutli iatrrest to lx paid, Lender shall not he required to gay Harrower env iazerest or eatttinga on fhe Funds. Leader
<br />shall give to Borrowe:, withaat charge, an atiauai a wounting of t~ Funds showing erediLS and debits to t~ Fut~s ~i ~
<br />= purpose fur which-each debit to the Funds wzs made. 71ie Funds .are pledged as additional security for the sums secured
<br />by_ this MortRa~e.
<br />Yf t$e amtwnt of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the dtx dates of taxes, assessments, izsstrrance pretriiums and ground rents, shalt exceed the amount required to pay said tzxes,
<br />agents, insurance premiums and ground rents as they fall due, such excess shall be, at 8onawer's option, either
<br />promptly repaid fo Borrower or credited W Borrower on momhly installments of Funds. If the arttotmt of the Funds
<br />l~ld by leader shall not be suf&citat to pay taxes, assessments, insurance premiums and ground tents as thsy fal3 due,
<br />Borrower sprit gay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower regttesting' payment thereof.
<br />Liga€t payment in full of all soma sectrrcd by this Mortgage, Leader shalt promptly refund to Borrower a~ Funds
<br />held by Leader. If untfer paragraph I8 i~reaf rite Property is sold or the Property is otherwise acquired by Lender, Lander
<br />shall apply, no later than immediately prier to the sale of the Property or its acquisition by Lender, any Funds herd by
<br />Lender at the titre of appli:auon as a credit against the sums serrrred try this Mortgage.
<br />3. of Pstym~tsr Unless applicable law provides otherwise, ail payments received by I.ensler under the
<br />Nate and paragraphs 1 anti 2 hereof shall be applied by ieadcr Cost in payment of amounts payab?e to Leader by Borrower
<br />under paragraph 2 hereof, then fo interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal an any Puttrre Advances.
<br />4. ; Inns. Borrower shat? pay alt taxes, assessments and other charges, fines and impositions attributable: to
<br />the Property which raay attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, by Borrower making gaymeat, wltea due, directly to the
<br />payee thereof. Borrower shalt promptly famish to I-ceder alt notices of amounts tip under this paragraph, acrd in rite event
<br />Borrower shall make payment directly, Borrower shall prampt!y furnish zo Lender rete='pts evidencing such payments:
<br />Bts:ros-r€;r shall pa-otrpiiy dis,~ar~ any lien which has priorifyy over this t.4artga"ge: pravi3ed, that Gorr©sver sliali n~ ~
<br />regtrimd to di~harge any suds lien so long as Borrower shall agreesn writing to the payment of the obligation secured liy
<br />sttclt lien in a manner acceptable to Leader, or shall in good faith contest such ilea bv, or do€end enforcement o€ such !'ten 4n,
<br />Isgs; pn+cccdiags which trp•.,rate za prevent the enforcement of the Gen ar fofieiture of the Property or nay part tlrereof.
<br />S. klszar8 Harrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against Itus by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />sad in atrch amounts sad far such periods as Lender may require, provided, that Lender shall hat requite that the artuwnt of
<br />ststls coverage sru-~d that amount of coverage required to pay the sums secured by this ASortgage.
<br />'€~ insurance terrier providing the insurance shalt be chosen by Barrawer subject to approval by Leader; provided,
<br />T.irat such approval shall hat be unreasartab:y svithneld. f+il greutiua-n on i~ttt,-any pcslic~ s:.a:l It= paid [a fix tnaa~r
<br />provided wader paragraph 2 hereof or, if hat paid in such meaner, by Bonawer malting Payment, when due, directly to the
<br />instrraace carrier,
<br />.$,fl insurance policies and renewals thereof shalt be in form aceegzable to Leader and shalt include a standard mortgage
<br />ra~t~ vt favor of and is faro? asc€ptablt; to Lender. Lender shalt have the right to hold the policies sad renewals thereof,
<br />sad Bantswer shad promptly €urnish to Lender atI renewal notices and a#i receipts of paid premiums- In the event of loss,
<br />Borrower steal? gave pnTmpt natiee to the iasutartce carrier anal Lender. Lender may make proof of loss if not made promptly
<br />by Barrosser.
<br />Unless Lender sad Harrower othertise agree le wr:tiag, iasttranee proceeds shall {re applied to resiaration or repair o€
<br />the Property damaged, provided such tstoration or repair is ecottamicatly feasible and the security of this Mortgage is
<br />net thereby impaired. If such restara£ion ar repair is hat ecoaomicatty feasible or if the security of this Mortgage would
<br />be ita€pairetl, the insurance proceeds shall be applied to tht: sums screed by this bfortgage, with fire excess, if any, paid
<br />to Borroyrer. if rise Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 3t} days from the
<br />date halite is mailed by Leader to Borrower ti.at the insurance carrier offers to settle a claim for insurance txtrefrts, Lentkr
<br />is authorized to txstiect sad apply the 'snsurance proceeds ai Lender's option Father to restoration or repair of the Property
<br />ar to rite stems sectmd by this Mortgage.
<br />LTnkss Lender and Borrower atherr.~`+.se zgree in writing, any such appiir~tion of proceeds to principal shall not extend
<br />car poslpoae the date dale of tit:. monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />sash ieistallareats. If wttf_r paragraph I g hereof the Property is zcquired by Leader, ail right, title and interest of Borrower
<br />in anti to any itssurance policies and in and to lire grace~ls .hereof resulting from damage to tlu Property prim to the sale
<br />or acquisition shalt pass fo Lwder to the extent of the sums s~ttred by this Mortgage immediately prior to such sale or
<br />~•
<br />~. IP~.4e ~ i!~~~ ~ of pity; Loeb eauaamlhlm~ lid v~ Devebprsrents. Borrower
<br />1. the PYogerty in good repair earl shaA-not commit waste or permit impairment ar tteteritrration of the Property
<br />and shall amply with tt~ grrtvimiaus of any lesae if this Mortgage is as a lease#old. If Lhis Mortgage is on a unit in a
<br />ctmtleirriniurtt or a planned wait development,- Borrower shalt perform all of Borrower's obtigations udder tile- deciaratioa
<br />or covenanes creating or governing the condominium or planned unit develuprnent; the- by-laws and mgeilations of the
<br />tottdontinium at pianaed unit ds~vclopsaent, sad coastifuent d<~ttments. If s condofainiuat or planned unit development
<br />rider is executed by 73orrower aad retarded together with -this Mortgage, the covenants a~ agreements of -such rider
<br />sltat3 6t+ v~spar'itttn attd shall amend sod satppiealettt the caveganzs and agreements of this ltitortgsge as if the Hider
<br />phri ~.
<br />7. c_ t ~ I:sa~ec°s 1~: If harrower fails #a perform the covenants .and. agreements contiiined in this
<br />bfcxtga~:, or B ;any notion or proceeding is cammeeaced- which trssterially affects Lender's interest in the Property,
<br />irctkxdirig, but not i"tntit*~ to; etnint:td dtrffiairr, insolvency, eft€orcetitent, or arrattgeinettts or proceedings involving a
<br />bazurt:t.t os deL tl~tt Lender at-Leader's aptitm; upon ttoticx to Barrower~ p make such ap~arances, disburse -such
<br />stems anal fake atteh action as is'nazy to pi+itett Lca~r's interest, itteittding,-but iiM limited ta, disbursement of
<br />reasonable atttiritey's-free attd entry upon the Property to make. repairs.- if Lender rcquir+ed mortgage insurance as a
<br />coo-a$ makuig the loan secured by-this Mortgage. Borrower.shall pay-the premiums required to maintain such
<br />tnauranse in ellreet unu'i ssreh time as rite sEgtiirere~nt for such insurane terminates is ata:ordanee with Borrower's and
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