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<br />LINLFOAar Covexnxrs. Borrower and Lender covenant and agree as fuQows:
<br />1. Yayment aF Principal and Interest. Harrower shall pramptly pay when due the principa! of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />Z Frmds for Tazes aml Insataace. 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 intetYSt are payable unoer the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessmenzs which may attain priority over this
<br />Mortgage, and ground renzs on the Properly, if any, plus ane-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfrh of yearly premium installments for mortgage insurance, if any, all as reasonabt}' estimated initially and from
<br />time to time by Leader on Lhe basis of assessments and bi17s and reasanaMe estimates thereof.
<br />The Funds shall be held in an institution [he deposizs or accaunu of which are instued or guaranteed b}' a Federal or
<br />sYte agency [including Leader if Lender is such an institutionl. Lender shays apply the Funds to pay said faxes, asscssmenzs,
<br />iac._r>,nce gremittms and ground renu. Leader may not Charge far so holding and applying the Funds, analyzing said account,
<br />or verifying and rnmpiling said assessmenu and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />aerrafts Lender to make such a tharge. Bamower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Fiends shall be paid to Barrawer, and unless such agreernent is made or applicable law
<br />requires s;rch interest to he paid, Lrndar shall nest be requited to pay &arzower am intense or earnings an the Funds. Lender
<br />shall give is Borrower, without charges an annual accounting of the Funds show ing credits and debits to the Funds and the
<br />putpase for which cacti debit to the Funds was made. ILe Funds are pitdged as additional security for the sums secured
<br />by this Xiortgage.
<br />ff the amount of the Fins held by Lender, tagerher with the future monthly instatimenu of Funds payable priar to
<br />the dtx dates of taxes, assessmenu, iffiurance premiums and ground rents, shall exceed the amount required to pa}' said faxes,
<br />assemmrntc insurance prearivats and ground renu as the} fat[ due, such excess shall be. ai Borrower's option, either
<br />pramptly repaid to $tttrawer or credited to Bomwu on monthly installmenu of Funds. If the amount of the Funds
<br />held by Lender shall not be strfficieut to pay tapes, assessmenu, insurance premiwns and ground rents as the}' fall due,
<br />Bornwu shall pay to Lander any atnottnt a~tssan to make up the deficiency withir 30 desys fram the date notice is mailed
<br />by Letsrkr to Borrower resitresting payment thereoi.
<br />Upon pa}vtent in ftiB of all stints secured by this \iartgage. Lender shalt promftly refund r, Borrower any Funds
<br />held by I.en-fir. If ut>dzr paragraph 1& hereat the Prapcn}' is saki or the Protrrt} is otht:wise n;quired by Lender, Lender
<br />;hall apply, na later than hnmediaidv priar to the ufe of the Propern• ar its acquisioan b}' tender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. APptlcatloa of Payscats Unless applicable law provides othetxvise. all payments mewed by Lender under the
<br />Nara and patagtaphs 1 and 3 hereof shall be applied by Lender first in pa}mrnt of amaut:ts payable to I.tntier by Harrower
<br />wader paragraph :. he:traf, thrn to interest payable an the Nrne, then to the principal of the Nate, and thin to fnteresl and
<br />printaspal ott any Future Ads°antxs.
<br />{. Liien, $atrower shall pay a!1 taxes, assesctnenu and other charges, fines and impositions attributable to
<br />tht Propatg which rosy attain a pr;orGy avu this Mortgage, and leasehold pa}'menu ar gt'ound renu if any, in the manner
<br />ptmided Imder paragtapit 3 htrestf or, i# rn~i paid in such manner, by Horrow•ez making payrttettt, whin due, directly to the
<br />payee thcroaf. Earno'vrer shall pmmptl}' furnish is Lentkr aU rtatitxs of amaunu due under this paragraph. and in the event
<br />Bancwxr shall mate pa}'mtot directly, BarrPwer shall promptly iumish to Lender receipts evidencing stu.h paytnenK.
<br />Harrower shall ptnatgtlq discharge nay lien. which has pROrity oxer this Mortgage: provided, that Borrower shall nest be
<br />tagrtfrnd to disc3iarge nay such lien su long ss Harrower shall agree in writing to the pa}mem of the abligatiort secutea by
<br />suit ~ m a manner a~epuirie to Leader, x shall in goad fait}[ contest such lien by', or defend enforcement of such lien in,
<br />~ prct~tgs which operate to prevtat the en#an-tmettt of the lien or forfeiture of the Property ar any pan thtreaf.
<br />S. Sat~i Ins>pct. Bortawer shall keep the improvemenu now uistittg or hereafter erected an the Prapeny uuured
<br />loss by 5rt, hazards mctnrkd within the terrrt "extended covetagr", sad strc.h other hazards as Lender may require
<br />and is std atttoitnrs sad for strsdi periods as Leader rosy tetiuire; gravidtd, shat Lender shall riot require that the amount of
<br />such szveragc ueeed that artenunt of coverage required to pay itte sums secured by this Mortgage.
<br />The iasurattce cattier providing the ittsurattce shall 6e chosai by Borrower subject to approval 6y Lenrier. provided,
<br />that weft apptx-+val shalt tw[ fee uiireztsonabiy withheld. tiI premiums on ittsur'ance patiuu shall be paid in tfte mariner
<br />provided under paragraph 3 hereof or, if Cwt paid in such tnannu, b}• 8arrawer making garment, wbe,. due. dimYty to the
<br />insurannt terrier.
<br />A8 anix policies and renewals tlrrm# shall i>e itt farm a.-xptabk to Lrn+~r sad shall include a standard mortgage
<br />clainse in favor ref and in farm a. e:eptahie to Linder. Lewder shall have the right to hold the policies and renewals thertaf,
<br />at9d Htartnter shall pramptly ftttairis to Leader all trscwal noti.~s and all mtipis of paid premiums. In the event of less,
<br />Sazraarer shut gixne prompt mxix w tits imwaace cazritr sad Lentkr. Lender may make gniof of ids if nest inadc promptly
<br />fry Sorrant~s.
<br />IIaieas Lender and B~turawrr othexwist agree in wntirtg. insurance pmea3s shall 6c applkd to restoration ar repair of
<br />the Ptogat}° dsntaged. pmvrdtd such mtatatioa or repair u a^anotnicaBy feastixle acrd the security of this Mortgage is
<br />at# thea~ey ii'agaired. If such resttu~a.ion or repair is moat exanaoricatS±~ tensible or i! the security of this Xiartgage would
<br />be itapatited, [fee iosttrance pnxxr5ds shag lee applied to tier sums soured by this Mnrtgagc, with the ex.,es4, if any, Paid
<br />&+ Bozrt~n'. L the Prinprti}~ ie abaadenei #s} $ans•+w=cr, or to Botmw•ts fails to respond to Lender within 30 des}s from the
<br />date nntioe is mailed by Lcodra to B.:rrowtr that the snsurans ,tamer anus to unle a claim far insurance benefits, Lender
<br />is at8hca'imd is a~ sad appl} the insuranct pracecds at Lenderi aptian erthrar to restoration or repair of the Property
<br />m m the ~ secut~ by thif M#t2gagz.
<br />Unles f.eader and Btvttrwer otherwise egret m writing, any stash application of proceeds to pnrcipal shall nest extend
<br />~ Pte' the ~ dart of tht armntFsl} iitstallmr~is referred is in patag:aphs 1 and .'. heresf or change the amount of
<br />mrh instaBat~ts. It under peragrapir iS hereof the Prapert} is acquired hp Leader, al! right, title and interest of Borrower
<br />is sad m any iffixrraace polices attd in and to the prarcais theteoi resuhing fram damage to the Proptrty prior to the sale
<br />~ aogw~eitiun shalt pa>% to lender io the extent ~ the swats secured by this Mortgage immediately priar to such sale ar
<br />~. ~Olr >>~ ~ Pm~peety; Isas~aMs; Caadomaesnatsi Piaueaed Umt llerebpaepg. BQ2TOwCi
<br />sbtd! koep the Prgsetty in f~ repair and sisall not cam=n waste or permit impairment ar deterioration of rite Pmpert}•
<br />asd>tha8 omapiy wig the gis>vhions rt£ say lease if this Mortgage u on a kasehotd. It thin Mortgage b on a unit in a
<br />eitsm ~ a plattset! s dcvekaprttat, Bs-urow¢r shall puf~rrr a1 of Borrawei s abligairans under the declaration
<br />os svvenanu t or gavtr.,~.y the t:.i+4edomi:iium ar planned unit development, she by-laws and regu}ations of the
<br />~ p ~ *t•~~~+* a<*~ ca~~iitueat dacurnenss_ ft a ren;_tainiaiusn ar planned unst d~velaptnent
<br />rider is e:aanei by Hoarowtr end re^orded togethra with this Mortgage, tY.e covenants and agreemenu of such rider
<br />shwN he inerup~d iota astl sd3all amend and stspgkraettt the ;.ayetsaats and agreerteents of Chu Mortgage as if the rider
<br />were a gait hetsaf,
<br />7. 39talt~pes at Iw>Aap"a J. If 8tsrrteaer fails to per#arm the smvenaau sad agreements contained in this
<br />or $ nay anion to pm~epding is eanmuecrd which malrsiaB}• a#Iects Lender's interest in the Prapeny
<br />inter hot txtt iiroitad t0. tasinarsi d®aie, irsolvoncy', cork entarcrment, ar artartgemenu or proceedings invalvirtg a
<br />baa>lmrpt ~ derxdmt, them lender ai L®der's optiaa, upon natitx to Barrowtr, may make such appearances, disburse such
<br />sans sad take NCie at~on a5 iE nec~ar}• to protxt Lender's interest. including, but trot limited to, dubutsement of
<br />te~ahk stsptaey's fats and tatty upon tilt Property to make repairs. if Lender required mongage insurance as a
<br />teeldilioa ~ ~E the loan seeurofl by this Martgagt, Brsrrosvcr shall pay the premiums required to maintain such
<br />iararaace itt elktt ImtsI soah tint as the tegniremeat for Birch insurance terminates in accordance with Borrower's and
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