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<br />Utstsoata Covrtiv,[N•rs. Borrower and I.ertder covenant ante agree as follows:
<br />I. Payanent off Princilsal and Interest. $orrowcr shalt promptly pay when due the principal of and interest on ¢he
<br />indebtedness evidenced by the Note, prepayment aad late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />Z. 1Fands for Taaes and Insorsace. Subject to applicable law or to a written waiver by Lender, Borrower 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 full,
<br />a sum (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 Ptnperty, if any, plus one-twelfth of yearly premium installments far hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, alt as reasonably estimated initially and from
<br />time Yo time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Fe,rds shalt be held 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 shalt apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for sa holding and applying the Funds, analyzing said account,
<br />or verifying and eomailing 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 time 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 Borrower any interest or earnings on the Funds. Lender
<br />shalt give to Beaower, without charge, an annual accounting of the Funds showing creaits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. 'The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the 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 of credited to Borrower on monthly installments of Funds. If She amount of the Funds
<br />held by Lender she!! not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower chef] pay to Linder any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under pazagraph IS hereon the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shalt apply, n ~ later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Applicaiiua of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />ad paiaginphs f and 4 herv.rf sheik be applied b}° i.endor nrrsi in payment of amaunis payable to Lender by Borrower
<br />underapatagraph ?hereof, then to interest payable an the Note, then to the principal of the Ncie, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; f,fe~, Borrower shall pay a!! taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Morfgage, and leasehMd payments ar ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, it not paid in such manner, by Borrower making payment, when due, directly to the
<br />payx thereof. Borrower shall promptly furnish to Lender all nauces of amounts due under this paragraph, and in the went
<br />Borrower shaft make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shah promptly dascharge any lien which has priority over this Mortgage; provided, that Burrower shat) eat be
<br />required to dischsrgr say such lien sa long as Borcower shall agree in writing to the payment of the abiigatian secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, ar defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Ifazard famrrsnce. Borrower shall keep the improvements now existing or hereafter erected nn the Property insured
<br />against Ic•ss by fire, hazards included within [he term "extended coverage", and such other hazards as Linder ma}' require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not reyuire that the amount of
<br />_ ~~ ~._-, _ _ ;_e~:i :his a .=,casxr e~(:tiv~rs ~ rani€ed £n aad' £12e cams srCt3€ed by this Ma€£ly'aa .
<br />Thc~insurance carrier providing tI[e insurance shalt S~ chosen by Borrower subject to approval b}' Lend: provtd~i,
<br />that sue--"; approval shall eat !sr unr-,asanably withheld, Ali premiums t?r-t insurance policies shall be pail to the n?anrter
<br />provided under paragraph Z hereof or, if eat paid in such manner, by Borrower making payment, when due, dittctly to the
<br />irr~[i€a~~ Carrier.
<br />Ali insurance paliciet and renewals the€ea( shad be iu farm accoptabic to tender and chaff include a standard mortgage
<br />C18u~ m favor ~ f ar;d t.. facie a~i=-epta6ie io Le;,uer. Lender sltaii have trio ngfi[ to paid [he paiiCizs and FzneK..Is "[hcrani,
<br />B«~;.v.F shall rr,nnty. f = nisS [a Le:?c-r a,i r€n~wai €totic$s and a!1 t~;ipts of prid pree3t*u:ns. .., ..,~ :v;tnt c: k,s.:,
<br />Bcrrrawer sftall wive nra:tnt entire err il[e imtLrsncr ivarri,`r and tinder. L-ender *[[a.} n[are prcx,f of t i! n.r[ ra3de ; rs_mL+[I4_-
<br />i?y Harrower.
<br />llntcss I.endar and Borrower otherwise agree in writing, insurance proceeds shall be applied to resurratio[? or repair of
<br />tht Property damaged, provided such restarauun or repair ix economically t'rasiblr and the xcurity of thin «'.tartgagr n
<br />not thereby in[paired. if such restnrauon or repair is not ccanumicaily fcasiF+le ar if the sccurny of tens Mortgage w:iuld
<br />err. impaired, the insurance proc;eods shall be applied u. the sums secured h} this Monguge, .+uh the rxcesx, if any, paid
<br />to Borrower. !f the Property is ulranduncd by Borrower, nr if Barmwer faits to r~xpe?nd to l.rndrr within 3tt days trorn the
<br />date uotisr is malted b} Lender to Burruwrr that the insurance carrier utTen a, settle a claun foe uuuran.c hcnrh'ts, lender
<br />._ auth~zr.rzsa :z ca!loct and apply the insurance pr[rceeds ai Lrndrr's optr,n oithre to r~ turauon or re~tr .. thR Property
<br />ar [n the sums scented i,y this Mortgage.
<br />Ltn)css I.endrr and Harrower otherwise agree m writing, any such application of proceeds to pnncipat =h.di nv; exlrnd
<br />ar postpone the dtir dste cf the monthly irestalimonts referred W in paragraph: 1 and '_ hereot or rhaut:e ±h~• anicrunt of
<br />such installments. If under pazagraph 18 hereof the Property is acgmred by lxndcr, all nght, title and interr~t ,,: Burrower
<br />ii? t~nri to ar?e iti+c~r:~ncr, patic?a and itt at?d [o the proceeds thereof resulting frutn daiua.°,e to thx Pra~iZ} pri,.r to the salt
<br />_. _ _.3[inn sh„ll ~__ io t Win.±er [~, !I[e _x+.e.., ?f Ehe ......., ., ~•ure:.r i; this fvf:. e~....,.,~3Ea: i- ..., ,. ,,,ch ,ale .,,
<br />u+:gi?isitrcn,
<br />f, PtrtaervaHOa aad htafatenantt of Property; La,~dolds: Comlominiums; Pianrred Uelt fkvelopmcaes. Horrover
<br />shall keep the Property in gaud repair and shall eat commit waste or permit impairmment or deterioration ai the Property
<br />8ltti 's ii iompty ii inc p: usrr;i~i3 v any s€ase it filet iilar[gagC ii "ern a It dSeh[~ld. 1[ IIiiS P.lartgaFC' ES art ai unit to i
<br />~rt.',vrrtiniur[e of a giarirred unit devria.prnen[, Ba€rtw>:r shah perform ail +rf Borruwirr`s obiigatians under rite dcciaratwn
<br />ar covenants creating or governing the condominium ar planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent dcnuments. If a condaminiuai ar planned unit development
<br />rider is executed by Borrower and rctorded tagethor with this Mortgage, the covenants and agreements of such rider
<br />shall I+a ineorpor-aced into and shalt amend and supplement the covenants and agreements of this Martgagc as i( the rider
<br />were a part hereof.
<br />7. Protection of Leader's Secarity. If Borrower fails to perform the covenants and agreements contained in this
<br />,Mortgage, nr if any action or pro,:ceding is commenced which ma[erisily affects Lender's interest in the Property,
<br />including, but not limited to, eminent domain, insolver_y, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon notice ro Borrower, may make such appearances, disburse such
<br />solos and take such action as is accessary to protect Lender's interest, including, but nut limited to, disbursement at
<br />reasm[able attoatoy's fees and entry upon the Property to make repairs. tf Lender required mortgage insurance as a
<br />condition of making the loan secured by this Mortgage, Barcower shalt pay the premiums required to maintain such
<br />insurance in etleet until such limo as the requirement for such insurance terminates in accordance with Borrower's and
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