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<br />?.!r~'"„t-,rrrat:.`~'.i ~y~r"t',s. dl'i.rtb.~r~•;,a1k.i. ;n..'- ~~ai ...,.. aiiec t?,=~trau~i I:rr~v
<br />i. lm'x"y~:~t of P and latttt=d • : ~; ~' ~, ray^i. ra, x .
<br />d - ~. r.,. .std k.v -. e, ,:r.., ;~ru s~ °^ r
<br />.~.•- - - ^' .. - ~ ~. .. ., ~._ a_= >`- , .sr_w :.. crc - -xt, xn„ ~; .,r:rr.,~.., ,;3 a..,d ,.,,_.xsa
<br />- Ft~d=, #rr Taxes s~ I>~sr~x- 5:~-:ce~t 6c appi~a~vie dew ar to a n-r~*_«ri ~-to°.~er ~e i.crrJer.. n,:,wsz sFa= day
<br />«L~~;dcr art ;~ d-x} n~r€tl^iy ir-;iai:mcn yn~ tt.~at and i.r.icrrt s_: papa.. • : t._ `.~~c. u?9ta, ,t,.., ,c iE ~ wt r ° -_
<br />a su.^± f'~°rc:^ "FU..cs'"i e^yvat to arw_-tv.etfth of .hx yczrly to>cs and asscss..~7.s .sate;; roar eta+.. prs~rity asw :cs
<br />Mortgage, :. g~.ind rxr:ts an «.e Prop;rty.: an.., plc.3s ...c-t +i:Sfr? of °: ezr?y ztrtrxu.;,^: ,nstalirncnts far hazard °nst;r2rsce.
<br />puts sr~-twcifaE cf yearly prcmitmt iasralirrxrtts far mortgage zr;S?xraras^. zf any. a?t as r;asrxnabty estsmattd initia•y axrd frartr
<br />tir:tt :a :rme by Lend^.r an t?•~ basis of assessments and h+11s »ru1 :satccavie r_stima:es i?iererK.
<br />'I7;t Funds shat ;~ F~Ii} in an insti?utic~~ the dtposits ar accounts cf watch are insured er guaranteed b}- a Festerat aT.
<br />state agency f irr!-tudi.^,g Lertdcr if Lender i; such an institutroni. l.endcr shalt apply the Funds to pa}' said taxes, assessments,
<br />irrsura2ce premiums ar..d graurid rents. ! °nder may oat charge tar sa F,otding and applying the Funds. analyzing said account,
<br />ar vxrifying ar;, _ampiting said assessments and bills, urtcss Le.'rdcr pa}, Bo^ewer interest err the Funds and appsi.:bie ram
<br />petrniU I,cr:;er to make such a charge. Borrower and Lcndcr may agree m writsng at t;se time of cxxution of tlrss
<br />htortgagc anal interest an the Funds shalt be paid to Borrower. and unless such agrtxrrient n made or apgiiiabk taw
<br />requires sttcli interest to be paid, Lender shall ref be required to pay Harrower any interest ar earnings on the Furtds. Lcndes
<br />shalt give to Harrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pnrpase for which each debit to the Funds was made. Tlic Funds are pledged as additional security tar the sums sccurcd
<br />by this 14fortgage.
<br />if the ainOUnt of [he Funds herd by Lender, together wits the future monthly ins'.ailmtms of Funds payable prior to
<br />the due dates or" taxes, assessrr~nts, insurance premiums and grou,.d rents. shad exceed the arnaurtt required to pay said taxn,
<br />assessments, insurance premiums and Rraund rents as they fall due, such excess shalt be, at Harrowers option, either
<br />pror~,ptly repaid to Harrower c:cd:ted ,,, Ba..owc. ,,......,nihly installments of Funds. If the amrn:nt of the Funds
<br />iteId by Lender sttalt net be suffuient to gay taxes, assessments, insurance premiums and ground rents as tfiey €all due.
<br />Sortawer sttatI pay to Lrnder any amount necessary to make up the deficiency within 30 days from the date twticc is mailed
<br />by Leader to Harrower requesting payment thereof.
<br />Upon paymrnt in full of all sums secured by this Mortgage. Lender shall promptly r~Bmd to Hortowcr arty r :ads
<br />held by Lender. If under paragraph t8 hereof the Property is sold or the Propcny zs otherwise acgnircd by Lender, Lenc:ar
<br />shall apply, rro later than immediately prior to the salt of the Property or its acquisition by Lender, any Funds held :>_
<br />Linder at the time of application as a credit against the sums secured by this Martgagc.
<br />3. Aapiicatloo of Payment Itntr _ nt~raf.tn h_ ,_:.w. ,.a ~,r:.,,., at: ,~.... ,.; - __ - 'r ,..c
<br />Noic and paragraphs land 2 ht;reof shalt tx appti;;J~by Lender first in payment of amaums payable to Lender by Borrower
<br />under paragra 2 hereof, then to interest payable on the Noic, then to the principal of tae Note; and then to interest and
<br />principal on any Future Advances.
<br />4. Chargxs; Liens. Borrower shall pay alt taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over €his Mortgage, and leasehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2 hereof ar, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shad promptly furnish to Lender alt notices of amounts Jue under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shaft promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shalt promptly discharge any lien which has priority over this Mangage; provided, that Harrower shn11 net be
<br />required to discharge any such hen r.o long as Borrower shall agree in writing io the payment of the abligatian secured by
<br />sxtt lien in x manner asecp{able to Lender, or shalt in goad faith contest such Lien by, or defend enforcement of such tren in,
<br />legs! procceding.s which operate to prevent the enforcemrnt of the lien or forfeiture of the Property or any part thereof.
<br />5. Nazard Insurance. Dorrower shalt keep the improvements now existing or hereafter erected on the Property insured
<br />against ions by fire. hazards included within the Term "extended covcrrgc'", and such ether haaards as Lender may reyuire
<br />and in such amowus and for such,pcriods a Lender may reyuire: provided, that Lender ctsall nrn rcyairc tfiat the amount of
<br />such coverage exceed that amount of rnvcragc required to pay the arms secured by thin Mortgage.
<br />?'i° insurance carrier providing tl;c insurance shal3 tse chosen by Horrower subject to approval by Lencser, provided,
<br />that such approval shall not be unrcasonahly withheld. Atl premium.<. on insurance policies shall be paid in she manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Harrower making payment, whrn dim, directly to the
<br />insurance i:arrier-
<br />Alt insurance politics and teocwats thereof shall be in farm acceptable to Icn:kr and ,haft inetttdv a standard n-.orto r
<br />clause in favor of and in form acceptable to lender. [-coder str:di have the right to hold the policies and rcnewatc iherrnf,
<br />-and u;rrawz~rs nit p€ampt:v furnish to Ler,dtr ail r.ncwal uaticcs and nit receipts of paid Premiums. In the event ai lass,
<br />Dorrower s_h,+nt give prompt -^.eti=c to tile, its-.urars:c sarri:.r and Lerrkr. Lonckr nsy make F.ant of toss if not made ptnmpt3y
<br />by Borrower.
<br />Unless Lcncler and Borrower otherwise agree in writing, insurance prexceds shall ten applied to restoration or repair of
<br />the Property damaged, provide) such restoration or repair IS CC4:O6nirCally fClslhlC and the security of this Mortgage is
<br />oat thereby intyaircd. II such restarmion or repair is not economically feasible or if the security of {his Martgagc would
<br />t>c impaired, tine insurance proceeds shalt be apptiea to the sums scaucd try this Martgagc, with the cxccu, if :my, paid
<br />to Borrower. if the Property is abandoned t,y Dorrower, nr i! Hormwcr tails to resPcttrd in Lcndcr within 30 days from Mc
<br />date notice is mailed by [seder to Dorrower that the insurance carrier olTers m scale a claim for insurance benefits, Lcndcr
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or w the sums secured try this Martgagc.
<br />Untes Lcndcr and Borrower otherwise agree in writing, any such application of proceeds to principal shat! oat extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaltme~ts. If under pamgraph 1 R hereof the Property is acquired by Lcndcr, all right, title and interest of Darrowcr
<br />in atxl to env insurance politics and in and {a the proceeds thereof restt!iing from damage to the Prop.rty pricer te. the Baia
<br />or acquisition shaft pass to Lender to the extent of the sums sccurcd by this hlortgagc immediately prior to such sale or
<br />acquisition.
<br />b. Preservation and t-tainteoance of Property; leaseholds; Condominiums; Planned Unit bevelopments. Darrowcr
<br />shalt keep the Property in good repair and shalt not commit waste or permit impairment or deterioration of the Property
<br />and shall ^ mgly with the prav~ions cz any teas:, if ibis h3ortgagc is an a leasehold. If this Martgagc is an a unit in a
<br />condominium ar a planned unit development, Borrower shalt perform zit of Borrower's obligations under the declaration
<br />or covenants creating or governing die condominium ar planned unit development, the by-taws and reputations of the
<br />condominium ar planned unit development, and constihrcnt dacumems. it a condominium or planned unit devcloprnent
<br />iider is executed by Borrower and recorded [ogether with this Mortgage, tfic covenants and agreements of such rsdcr
<br />shalt be incorporated iota and shalt amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />were- a part hereof.
<br />7. Prs4eetioo $f Lender's scedrity. Ii Borcower fails to perform the covenants and agreements contained in this
<br />Mortgage, or if any action or proceeding is commenced which materiapy affects Lender's interest in tfie Property,
<br />including, but tent Limited to, eminent domain, insolvency, code enforcement, ar arrangements or proceedings involving a
<br />bankrupt or decedent, there I,crrdcr at lsndeis aptiart, upon notice to 3arrnwcr, may make such aPlxaranccs, dislwrsc such
<br />sums and take such action as is ttecezsary to protect [sntfer's interest, iinluding, btrt not Limited to, disbarxement of
<br />rsasar;able attotzuuy's fees and entry opal the Property to make repairs. If Lender required mortgage insurance ac a
<br />^..~t:tio.. of ~+=_k g tats !o_~n ;<.I by this Mortgage, ~rrowc: shall pay ilx premiurrrs required io maintain such
<br />K.~:ra.^s.^ i s sR.st vatil surer tir.~ as tlx rtqu:'.cr~atnt far su:.h inwrarree tzrminates in accordance with Borrowers and
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