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<br />Ltxaa+aans Cava*aaxrs. Horrower and Lender covenant and agree as (allows:
<br />3. Payment of Paincipal card tnteresf. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and fate charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. [roods tFor'Sazes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shad pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stttn (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-Ewelfth of ;early premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assESSments and bills and reasonable estimates thereof.
<br />'Ihe Funds shall be held in an institution the deposits or accounts cf which are insured or guaraneeed by a Federal of
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and grotmd rents. Lender may not charge for so holding and applying the Foods, 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 Lender to make such a charge. Borrower and Lender may agree in writing at the Sme of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrvwer 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 tar which each debie to the Funds was [Wade. 'I`he Funds are pledged as additiorai security for the sums secured
<br />by this Mortgage.
<br />If the amount o[ the Funds held by Lender, Together wit[: tfie future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Harrower an mnnthty installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall duo,
<br />Borrower shalt pay to Lender any amount necessary to make up the deficiency within 30 days tram the date notice is mailed
<br />by Lender to Horrower requesting payment thereof.
<br />Upon payment in full of ell sums secured 6y ifiis Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acgwred by Lender, i.ender
<br />shop apply, no later than immediately prior to the sate of the Property or its acquisition by Lender, any Funds hc1,i by
<br />Lender at the limo of application as a coedit against the sums secured by this Mortgage.
<br />;. Appucation of Ptp'meufs. Unless applicable law provides otherwise, all payments received by Lender under tie
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph Z hereof, then to interest payatele on. the Note, then to the principal of the Note, and Then to interest and
<br />priaetpai an _y FtFturt- Advances.
<br />4. C6arge=_, tutus, Borrower shat! pay al! taxes, :usessments and other charges, fines and impositions attributable to
<br />rte Property which msy attain a priority over this Mortgage, and leasehold payments ar ground rents, if any, in the manner
<br />provided undue paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof, Horrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shalt make payment directly, Borrower shall promptly furnish to Lender receipts evidertiing such payments.
<br />Borrower shall promptly discfiazge any lien which has priority over this Mortgage: provided, that Borrower shall not be
<br />required to discharge any such lien w long as Hprrowcr shall agr~x in writing to the payment of the ob}igatian sccurtxi by
<br />such lien in a mantter acceptable to Lentkr, ar shall in gopd faith contest such lien by, or defend enforeemtnt of such lion in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. 3tazard tnaaraaee. Borrower shall keep the improvements now existing or hereafter erelted an the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such athtr hazards as Lender may require
<br />-and in su~tt amaunte and for s -h pe.:adZ as Ltnder may require; provided, that Ltnder shaft not require that the amaunt of
<br />st=~'h •=_,_ _~~~ [,hat atsr~,'nt of caveragt r=:quirt: to pay tfe 5utrts so.,ttr I}y rltis Mvrtgagt.
<br />"I'hePinsuranze carrier providing t)~ insurance shall 6t chosen by 13csrrawer subject to approval by Lenaixr; pravitiaf,
<br />that such approval shall not ire urtreasanably withheld. All premiums on insurance pultctes shall be paid in the manner
<br />previdtd tsts~a paragraph w etc e-af or, if trot paid fn stt..h msntxr, by Hkxraw~r making pay:neat, when dtce. dirt.;tfy to fire
<br />tR35ura2YS:,^. (-t47 Sl+i+_':
<br />AlI ~„u~r,ce p~.ev_tcs a:;d re:ttwala thereof shall be in tarn[ acceptable to Lender and shalt inCiud2 a standard rnartgagt
<br />+'tT 3r ,n i~vn ter 3 - m ~y-~..~:ar= -_ ~ _ ~ [ pF ~ F!~£F4 Fk` in`Iu fix ~v~e=s end ~€sxvr~rs is~ssti.i,
<br />a..~d B~rrawerrrh~lt ~r x eta '~~nn3°h F i~.~.t-.~€ ~1:. r=w~! n~=Irc3 ~! a f F~-v:p:3 ~ ~~r ~,-t'°-,.T.tr~. :5 ;;-.~ i=c.r: v, -a-s
<br />Horrawer shad gtvc prompt native to the insurance carrier and Lender. l.endtr cnay make prx~f of lass it oat made promptly
<br />by Bartawtr.
<br />Unless Lender and Harrower nthetwsst agree r» writing, insuranct praxeeds shall be applied to restoration ar repair of
<br />the. Property damaged, provided such restoration or repair is economically (eastbte end the security of this Mrsrtgago is
<br />nut thereby impalrad. If such res[urauan or repair is not economically teusibie ur tf tttt security of this Martgagt would
<br />be rmpaireil. tits insurxin: e praeceds xhall he applied to the sums secured by this Mongagt, with the excess, if soy, paid
<br />to Borrower if the Property is abandatsed by Harrower, ur it Bnrrnwer tails to respond to I-ender within 30 days front the
<br />date ~ptlCC 1) nlatlnd by LendeP to Bafrs)wer ?hat ?he Fttsufat[L'C CalTier kstlters Ca 5@{tle ri chin? fvF InaiiF3tt2 bentSts, 1-tndtr
<br />t9 atttltarl7e{t ta`! cRlltt:t and apply rite tn5utanr<e proceedr at l.et]a1Cf'5 optsan eFthCr {a tV"5tarattan a: ripatr of fhC Properrq
<br />or to the suet[s ,eeured by this Mortgage,
<br />unless lender and Burrower otherwise ugrto m wruing, any such apphcatian of pnh-etds to pe,lte,pal shalt trot extend
<br />ar postpone the due date tit rite mun[hty installments referred to to paragraph t and ~ hereut ar shaage the amount of
<br />such installmentx. if under uara}{raph it3 herept the Prapr•rtr ~ asyaircJ by Lander. r!t t?gist, title and t;ttzrt s~ l~ireawor
<br />in and to uay insurance paitcrts uud in artd to the' ptaatiecds [bete ~t resulting tram damage to the YFOpe ?y t=r.;>r to tree sate
<br />ar aa:iluisition shall pass to I.endte io the extent of the sums secured t3y ttxla Mkxigage inuntdiattly prwt :. ..t:.h sak ar
<br />azyuisitian.
<br />~. Prssxrvatlna rnxi ".1sSaftnance of Property, t,ratsektsidF; Coadomirdnma; Piaaaed (fail t3err~atpaterats- 1lnrtpwCP
<br />- - - °~~ rot-a, ~fs~ ~~ - _ ,~i.. ~ - - t~ a'T+ ~~r~ t r,t :fr comic"-i~.f`w~stFt~ vt =~ ~ r~T~~cv
<br />aNd !stl ,u?tt~iy w,th tEa: pravt5ttnta :; a't= lcsx ,. ritta Matta~ge i, tin a c~a5itacd ii tilts Mortgage it ap a unit in u
<br />t:andamin;um of a plantsed unit dcvttopment, Harrower shall perform alt of Hurrowtr's abhgationa uetder {eta tttslaratiao
<br />or covenants creating or gavtrning fire cpndomittium ae planned unit tlevelopmtnt, rise by-laws atul regulatiatrt of t_he
<br />coudnminium ar plartrttd ttt~st development, and caalstiuttrtt dttCttmauts. II a caus~antinitmt ar planrsed utsit klevcksptnettt
<br />rider is executed by Harrower attd recorded together with this Mortgage, the covenants and agreements of such rider
<br />shall ire imxtPparaaed tore and shall arttctsd and supplemenr the covenants atsd agrcketss€nts of this Mortgage as if thz riste:
<br />woe a trt hereof.
<br />7. Pnatectlau of txtsda'a tvigi, if Borrower faits to gerfarm the covenants and ngrtxmeots wntaittest In thix
<br />,Mortgage, ar if any actiurt ar pracgtdiug is commenced which materially afteets lender i interest in rho Property,
<br />including, but oat limited tn, entirteni riomain, insa}vettcy, Cade :nfarcernent, or arrangements or practedtngs involving a
<br />bankrupt or :}tcedent, then Lender at I-eadnr's option, upon notice. to Horrower, may make such appearance., disburse stash
<br />streets and take such action as is tsei'essary m protect lxttder s intoroat, including, but rrot IimHod ta. disbursernrrtt of
<br />t'tFS•,nshso ~tto~n~-y's f.:_s a~ o.^,t;y open tree PrapErty fa make rgpai if Lender required mortgage insurance as t
<br />casdision of makin6 trk: t,~•~att sat:[trs.' by this Paa~gage, Barrov+er shah pay the premiums required to maintain such
<br />instuartco in oftect until rush [tote as the ret{kr.rem.em for such :nauran~:e tertriaates in ac;ardana-t w;th Bar~?w;=r's at,d
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