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<br />UrrrgonM Cavexarazs. Borrower and Lender covenant and agree as follows:
<br />1. Pa9trtetat of Ptindpal and intoneaf. Harrower sha31 promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Nate, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Faads for Teresa amt ln~eraact. Subject to applicable law ar FQ a written waiver bF Lender, Barrawer shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in foil,
<br />a stint ;~~ "F.~a-"'- ~;-~ii to o~-:~tst'i €sf tizt ywar?f to=es and ass~smt.:tts which may attain priority over this
<br />Martgagt, and grotmd rents on the Property, u any, pies ont-rvelftit of yearly premium installments far hazard iasusanze,
<br />plus one-twelfth of yearly premium itrstaliments for mortgage insurance, if any, all as reasonably estittsated initially and from
<br />time to limo by Leader on the basis of assessments and bills arsd reasonable esrimates thereof.
<br />'the Funds shad be held is an institution the deposits or aceouatc of which are insured ar guaranteed by a Federal. ar
<br />state agency (including Leader if Lender is such an insfitutionj. Lender shah apply the Funds to pay said taxes, assessments,
<br />irssurana premitums and ground rents. Leader may not charge for sa holding and applying the Funds, analyzing said account,
<br />or verifyittq amt mmpiiing said assessrrtents and hilts, unless Leader pays Borrower interest an the Funds and applicable }aw
<br />permits Cruder to make suds a charge. Borrower and Leader may agnx is writing at the tirrse of execution of this
<br />Mortgage that interest an the Funds shah be paid to Borrower, and ttttless retch agreement is made or applicable law
<br />rtquitss sash itsttrest to 6t paid, Lender shall not be required to pay Borrower any interest ar earnings on the Funds: Leader
<br />shall give to Borrower, without charge, an annual accounting of the Funds showirsg credits and debits to the Fends and the
<br />pu. ter which east: dtbit tc tilt Funw'- was made. 'IT'S Funds are pte;lged as additional s.-curtly far the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Leader, together with the future monthly installments of Funds payable prior to
<br />tht dt>z dates of texts, assesstnenu, insurance premiums and ground rents, snail exceed the amount required tti pay said taxes,
<br />assesx+~eats, insttraoce premiums and ground rents as they fail due, such excess shall be, at Sorrower's option, either
<br />promptly rtpaid to Borrower or credited to Borrower on monthly irsstallments o€ Funds. If tht amount of the Funds
<br />held by Lender shalt not be stxfficitnt to pay taxes, assessments, insurance premiums and ground rents as they fail dot,
<br />Borrower shall pay to Linder anq amount rseCessary m make up the deficiency within 30 days from the date a,:tice is mailtd
<br />by Lander to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Leader shall promptly re€und to Harrower nay Funds
<br />heiti by Lender. if under paragraph 18 hereof the Property r3 sold a£ Chi Property is otherwist acquired by Linder, Lender
<br />shall apply, no later than immediately prior to the sale of the Propery or its acquisition by Lender, any fiuods held by
<br />Lender at the tirnt of application as a credit against the sums soured by this Mortgage.
<br />J. A~atiaa of Payments. Unless applicable law provides otherwise. ail gaymersts received by Lender under the
<br />Nott and paragraphs I and 2 hereof shall be applied by Linder filet in payment of amounts payable to Lender by Harrower
<br />under paragraph 2 htrcof, then to interest payable on the Note, then to tht principal of the Nett, and then to interest and
<br />principal on any Future Advances.
<br />4, Charges; likes. Borrower shall pay alt taxes, assessments and ether charges, fitres and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments of gtnuad rents, if any, in the manner
<br />provided under paragraph 2 hereof or, i€ not paid in sttCh manner, by Harraever mewing payment, wigs due, directly to the
<br />payee thtranf. Borrower shalt gromptiu furnish to Lender nit notices of amounu due under this paragraph, and in the event
<br />Barrawer shall make payment directly, Borrower she{i promptly famish za Lender receipts evide~ing such- payments.
<br />Harrower shall promptly disthargt nay lien which has priority aver this Mortgage; provided, that Burrower shalt trot be
<br />di ~-- °~~C;: I~r°, sa ia:° ~ Barrawer sitar' a-~ , ~riti : ^ u'~.t ^_' tb abiiQat:~a sev.r~..d o
<br />.cyu„w to ac any ,.. s ar.°e t; g t~ pay^•.,...nt „ n
<br />such lien in s manner acceptable to Lender, or shall in good faith caatest saran lien by, ar c~€end tnfarcement of such lira in,
<br />legal ptaCtediggs which operate sts prtvent the enforcement of flee lien or fotfein3re of the Property or any part thereof:
<br />5. Hasard ias¢sagee. Borrower snail keep thetmprovemeats new existing or hcreafttr erected as the Progeny insured
<br />against loss by 5re, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />sad in such amounts and far such periods as Linder may require; pravi~d, that Leader skald net require that fist amount of
<br />such cavcrage exceed drat amount of Coverage required to pay the sums secured by this Mortgage.
<br />The ittsuratsce carrier providing tl~ iastrrance shall be chosen by Borrower subject to approval by Liner; provided,
<br />Lh~ sus.-:'t at~al s:~li ts.~ ; ~ uurtas~nahiy aith~.fd. Ali ~.~ums .~. ir~,t€astce ~~~ g`.sall bt paid is tht maa~r
<br />provided under paragraps 2 hereof or, i£ net paid in such manner. by Horrower making payment, whin due, directly to the
<br />ittsurartct carrier.
<br />e111 insuranct policies and renewals tisereef shalt i+e in form acs-eptabit to Linder and snail includt a standard mortgage
<br />claust in favor of and in form acceptahie to Lena&r. Leader shalt have the right to hold the policies and renewals thereof,
<br />and Borrower shall protptly furnish to Lender ail rernwal nv[ices and sit receipts of paid premiums. In the event cf loss,
<br />Borrower shalt give prompt Warier to the insurance carrier and Leader. Lender may make proof of ions if net made promptly
<br />by Borrower.
<br />L'tsisss Linder and Borrower otlsern•ise agree in writing, insurarrCe proceeds shall be applied to restoration ar repair of
<br />the Property damagtd, provided such restoration or reyair is ecorsomicsily feasible and the security of this Mortgage is
<br />not tbtreby impaittd. if. such restoraton or repair is not ecossomicatly feasible ar if chi security of this Mortgage would
<br />be unpaired, the insurance proceeds sha}2 be applied to the Burets secured by this Mattgage, with the excess, if any, paid
<br />to $atratfrer. If the Prays-trty ~ abandoned by Borower, or if Htsrrower faits to respond to Linder within 30 days Exam the
<br />dstt notice is mailtd by Lender to Barrawer that the iasttranee Carrier offers to settle a claim far insurance bentfits, Lender
<br />~ authorized ie Collect and apply the insurance protxrds at Lender's aptian either to restoration or repair of the Property
<br />ar ttx the rimes seCUred by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in ;vritiag, any suds application of proceeds to principal shall net extend
<br />ar postpone Ilse due daft of the maathiy instaiirneats referred to is paragraphs 1 and Z hereof ar change the atrtount of
<br />such irsstallmenss. It undrer paragraph 28 hereof the Property is acquired by Leader, all right, title and interest of Harrower
<br />in and m any i~,rranCe pciiCie; attd is and to the prtxeeds the€ecf resulting. tram damage to the Property prior to the Bak
<br />or acquisition shall pass io Leader to chi extent of [he stuns secured by this Mortgage immed"safely prior to surds sale or
<br />acquisition.
<br />f,. Pssservatiao ~d . of Pragerty; Ixmehtsl~ Cottdamini$trss; Plaaaed Unit Ihwefogmea~. Borrower
<br />shall rite Propetty in good repair atsd shall teat aoaarrsit v.~asze or pertnii impairtatttt or d;ttriaration of tl~ Property
<br />and shall cromply wilt chi provisions of any least if this Itifongage ss an a leasehold. if this Mortgage is on a unit in a
<br />candominittm ar a planned unit rkvelapraent, Barrats~r shall perform all of Borrower's obligatiaas under the declarazian
<br />or caveaaata crtating ar govr„tvittg tbt Condominium or planned trait devebpntea#, tht by-taws and regulations of the
<br />condominium or ptan~d unit development, and caastutrent dtxvments. If a candt:minium ar pianntd-unit deveiapnatnt
<br />rtdct is kited by Harrower a stcarcied together with skis Mortgage, the covenants a~ agreements of suds rider
<br />altaIl be itxxeipot~ted into arid. sizail ataend -and supplement the covenan~ and agreements- of this Martgsge as if the rider
<br />wen a part hereof.
<br />7. Prateetiaq aE Feeder's Ssiwdtj: I€ Sorrawer fails- to per#arm rise covenants and agrtemtnts contained in this
<br />Adttrt~agt, ter if aag aCtioei ur prorxcdiIIg is comttrericed which tsaateritdiy atlects Lender's interest in the Property,
<br />idsluefutg, but atgt tltEtitetl ta> ettiiiient domain,- insnfvency, ctade enforcement; or arrangements or proceedings involving n
<br />btutkntpt ur dectdent, then Lender ai'Leader's option,: upon nritice to Bnrrowtr; tray make such appearances, disburse such
<br />-sums atld ta#e retell action ~s-~ t>'acessary to prefect I.eadez's intet~.st; irtcludiag, but not limittd to, disbutsiment of
<br />teasoaabit attorney's fees and etitty upon the'liidpeny to make repairs. If Lender required mortgage insurance as a
<br />condition of triakiag tllt lean secttrtd by this iM~tgsge, Barrav£ei shall pay the gremimas requitxti to maintain such
<br />istsuratace tut-effect anti! snch time as the rtquiremeni for such. insurance terminates in atxardance with Borrower's and
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