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<br />UNmoazt COVENANTa. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal aed Interest. Borrower shall promptly pay when due the principal of and interP:.t on the
<br />indebtedness evidenced by the Note, prepayment and late charge> as provided in the Note, and the principal of and interest
<br />on nay Future Advances secured by this Mortgage.
<br />2. Fonds for Tarts and Imataace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender en the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a slim (herein "Funds") equal to one-twelfth of the yeasty taxes and assessments which may attain priority over this
<br />Mortgage, and grotrtrd rents on the Property, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be herd in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />imuranex prcatiums and grotmd rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Leader to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage the! inte.~est oo the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requites stx6 interest to be paid, Linder shelf not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. 'Ibe Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the arrwrmt of the Funds hart by Lender, together with the future monthly installments of Funds payable prior to
<br />the dtx dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said Cares,
<br />t~ments, insurance prertriums an3 ground rents as tire}' fall due, such excess shall be, ore Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Leader shalt not be sirfficieat to pay taxes, assessments, insurance premiums and ground rears as [hey fall due,
<br />Bomawu shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Linder to Borrower requesting payment thereof.
<br />Upmr payment in full of all sums secuttd by this Mottgage, Lender shat! promptly refund to Borrower any Fvtrds
<br />Reid by lendu•, If u~Cr paragraph 18 hereof the Property is sold or the Properly is otherwise acquired by Lender, Lender
<br />shall ap~y, m later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lcaoa ar iu t` c vi '~ : a e..."°`i".-.. aboi~ : ,hw u,'IIfs ~'pAw~t I,y this Mnrtgage_
<br />3. Appiitatiea of Pgtse~aM. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Plots a~ paragraphs 1 and 2 heremf shall be applied by Lender first in payment of amounts payable io Lender by Borrower
<br />trades paragapl :hereof, then to interat payable on the Nac, then to the ptixipal of the Note, and then to interest and
<br />¢ineipat as any Ermine Advances.
<br />4. ~ ISes,s, Borrower shag pay all taxes, assesvneots and other charges, fines and impositions attributable to
<br />the Property which may attain a priorhy noes this Mortgage, anti leasehold payments or ground rents, if any, is the rnaamr
<br />provided ttadv l 2 ha'atf or, if not paid in such manner. by Borrower making payment, whin dire, directly to the
<br />payee ailaoof. Borrower shag prtrmpRly furnish W Lender all nOticeS of amounts due under this paragraph, and is the event
<br />8orrora shalt matte paymeu directly, Borrower shall promptly fumesh to Lender receipts evidencing retch payments.
<br />$aerotrer s;y~ paamptlp discharge any Lien wjtich has preoriry over this Morgagc: provided, that Borrower shall not be
<br />retprited to tCschtrit auy nosh lien so king as 8orrvwer shall agra in writing to the payment of the obligation secured by
<br />mcy lim m a manner aazptabk w Leatdet, or shall in good faith contest such lien by. or defend enforcement of such rim in,
<br />~ w!>,dr operate to prevent the enforeeatcnt of the lien or forfetiture of the Property or any part thereof.
<br />i !lt~atl tertRaoe. Borrower stud kelp the improvements now Misting or hereafter crested ore the Property insured
<br />~ ltwr by 13ac, hesurda included within tIx term "extended coverage', sad such other hazards as Lender may require
<br />and m tnah and for >rarh periods as Leader may rexluire: provided, that Lender shall not require that the atrtoune of
<br />~ earned that amormt of coverarge requited ro pay the scalers secured by then Mortgage.
<br />'Are iertuamoe caret provid'eag the iasraanoe shag be dtosctt by Borrower subject to approval by Lender, provided,
<br />tl3tt arch rtpprvval aha$ not be rmt+eamaabty withheld. All premit~s oa irrsr:tatatt policies shall be paid in the manner
<br />pswrided frodea puagrt~ph 2 Ireaeof err, if trot l~ is s»ete manner, by Borrower maktag PaYa»rot• where dtae, directly to rite
<br />u~rs airs.
<br />AB inane prtlicita and reaewah tltereaf steal! be in form acctptahk to Lender sad shall tacludc a standard mortgage
<br />dawe in favor d and is farm aoapnbte to Lender. Leader shall have the right to trold the policies sad renewals thereof.
<br />sad Darner stall pray fussialt sn Leatder all rtsewa! nottccs sad all of paid ctexaiuras. is the evert of leas,
<br />Dtra3oeea t~ grve pmt melee to die iasruaract carrier and Leader. l,asdtr tan} males proof of kus if trot rteatk promptly
<br />~ i~less Lewder amd B~asrastrs otha~tv~r ague let vrritirg, iraucaace prceote~ ahstl be applied m restoration ~ repair of
<br />der Pt+ttpraty da~od. provided such rtstoration or repair h uoutomicati}' tcatibk card tht sena'itY d [Eris Mortgag is
<br />nK tlheaeby iaagaved. Is' oath seamruioa err repair is twt crAaasaically tgt~tk or if the sestoritg od this lNortpge would
<br />is itapaited. [lye iaatraace proceeds shat! be applied w the steam sectored by tlris lilnattaDc, wroth the exits:.. H nay, paid
<br />m Dtaowa- tf tie Psopaty is ~cadoned by 8etrowu, err d Detrru+rer fatk to respond m Leader witiia 30 days from the
<br />date aaatiee is mailed by I.ader to Baaruwer [)tat the iaaaraouc carrier aQers to settle a drum for iscartcooe batetm, Lender
<br />s aa~acicral m rnYet: ~d apply se toe prneeeds at Leader's option either m ssstotatian or repair of the Prcr}>ecry
<br />ter to tie trrtawa aecaaad try tits .
<br />Ualaas Leads amd Harrower atteerwife agars m wtitiaj, any such spplicstioa of proceeds m pnnapal shalt its a:tend
<br />or partpeee the eMe due of the ate r~ermd w is puteagaptrs i sad 2 ttexaot or change the amount of
<br />era If trades ptrraa)Rrapi 1 g inmat the Property is acgtraed M' Lander, all right, tick sad itttexeai of Borrower
<br />~ sad to nay inwe pnlides sad is sad m the pancmdy thereof rtsuhina fmta damage m the Property prior to rbe sale
<br />rx' aogairdsim aisB pare m L~md^r w the e~e+at at die sums setirrtred by this Mortgage immediarly prim eo such sale or
<br />C ltaaatvaRaa ad ~ t# ~ l.taye~i~tis Caaia~iivG !lanai Unit De+dopmssaaa. Borrower
<br />titaH lamp ffie Pmprsty ~ goosi repeat sad ~ sot wets warm of permit impait'meat ttr deaaimatms of die Prtaparty
<br />sad t)lraB ray tdi die paweaQOrs of tiny keen if this Itimtpt$e is ext a lesaehold. if this Mortgage is on a aurh is a
<br />aoedoeio~ra a a piwaed nail 4e~npramt. Barro+<w shag pcrforra all of Borrower's obligwoaa under the deduction
<br />ear adsewtk ~i zr goaetfierj the txredaminr+um m ptamnad caret dtvdopeaena. the by-laws and tegulatiats of the
<br />m at pleeeed aril devde4weat, red aran dauamenas. If : oandommistm or planned caner dcvvoproent
<br />rider k eaeesteid bl Hanonaer sad teaaedad wiffi this Ntartgage, the cavenaab sad agremyents of such rider
<br />tittdt its ieaatpamted stn sad sits amend sad ogrliemeat the tu+utaats sad sgtee~s of this Idatigage u rf the rider
<br />warn; ~ 1naaE.
<br />~ iaaiwtlt~ ttf iwatTtala titeetrl!-. H Datm~wer fats m perferm the a amt oontaitteid in this
<br />err ~` att~ aetiillt at >fronte~ is uaameatssd vrhiclt maatzi~lY at~cts Isndat'': in#erest ao the Progeny.
<br />fttabaet l~tafed #. tamest tiia~a, iasat+raacY, sndt . ttr arr> err psooeeeiinEs involving a
<br />laelle~apt trtr dttcede~t. tlieet isnds as ioada9 0~x, rpm aotits fa Eorao+ret; ataY make wda appearances, disbarse stash
<br />taa~a sad uias arJt aetlae m k tteaetearay m prtaxr Ltaedea"s imrnea[, iadu3eng, but not limited to, disbutsernent of
<br />eaeaaty6ie ~ Earn red aaH7 afasta t1>: Pteperty ea trades It tender required mortgage itnurance as a
<br />casdiaiet ;~ ~ ~ jp~ seed ~ ~ lidgtpra, Bmrotver tdult pay the premitnns required to maintain such
<br />istieaetae as tdxt tto~ wri time m the fAr mcdt imre>moc terminates in ae;co:dartce with Borrower's and
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