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<br />UNiroatvt Covarr.nxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Ptincipa! and Interest. Borrower shalt promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Nate, 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 />2. Fonds for Taxes and Insttritnce. Subject to aggiicablr law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly instaitmrnts of principal and interest are payable under the :Vote, until the Notc is paid in full,
<br />a sum (herein "Funds'? equal to one-iwtlfth et the }-early taxes and assessments which may attain priority over this
<br />~ Mortgage, and ground rents an the Propee[y. if am. ph+s one-twelfth of yearn' premium installments for hazard insurance.
<br />~~ glue one-twelfth of yearlc premium installments for mortgage insurance, if any, all as reasonabl}' estimated initially and from
<br />time to lime be Leader e-n the basis of assessments and bills and reasonabiz estimates thereof.
<br />The Funds shall be held in an insittutinn the deposits or accounts of which are insured or guaranteed by a Federal or
<br />ziate acency (includine Lender if Lender is such an insdtutianl. Lander shall apply the Funds to pay said tares, assessments,
<br />insurance premmms and ground rents. Lender mac not charge for sn holding :ma applyine the Fonda. anal~¢mg said account,
<br />1 ~ or verif}'ing and rnmp::!ing said ~..srsements and bills. unEzss Lender pays Borrower interest on the Funds and appLzable lain
<br />permits Lender to make such a charge. Borro,er and Lender mac agree in writing at the time of eucution at this
<br />Merteage that interns[ on the Funds shall hz paid to Borro,er, and unless such agreement is made or appiicahle law
<br />~, tY,yuiis such interest to he paid. Lender shall not be requ,red n, pav Borm;vcr any interest or earnings on the Funds. Lender
<br />shag givz to Borrowtr, wiihou( charge. an annual a<<^counting of thr Funds showing credits and debits n, the F[mds and the
<br />' putposc for whtch each debit fo zite Funds was made. Thz Fonda arr pk'dged as additional szcurit~~ for the sums secured
<br />by this hiartgage.
<br />If the amotmt of the Funds held by Lender, togethzr with the iuutre monthly installments of Funds payable poor to
<br />:hc due Sates of taxes, assessments, insurance premiums and Ground rents, shall rvcrrd the amount reyuired to pad said rates,
<br />assrsvnenis. Insurance premiums and ground ants as they tat! doz. such etcess shall be. ,u Born,s;zz\ option, Goner
<br />promptly mpaid ie Bormu'er or credited to Borrows on manthlc rttstallmcnr of Fund.. 12 the amount of the Funds
<br />arld by Lettdc: shall raz L+e sufficient to gs7 tsxzs, ac~escmrnts>. m,urance oraminm< and ,round rent. as then fat due.
<br />$arzi,wer shalt pac to L>=nder any amount nzcessar, ro :nei.c u. ;hz zfinrncc w;th:n 3t~ aa•.s vom the date r.,•u.c a m:ulyd
<br />by Le»det is Barraw'er requesting payment thrreot
<br />L'p<m pss:txrt +n #uli a,f all sums sc~urr>r b~ th:; \i,,rtcac.. Irndrt shall rr.~mptl, rziunJ t,' B,'tr,,ucr :ms Fannie
<br />~n.ier
<br />?add ay Lendr.', if under parxgzapa i5 heico(: z :'-cr~-_ ,. , td „r :`c .: ~~ ,..=th<'r~;-.r acy.::,ra t+; 1„n.~.r. 1-~-_- --
<br />shall apply, na inlet that. rmmedi:tteh pror to the ,al<• ~. t tau°+f'ralw n, or ,uvacyws:uon b; Lender, am Funds held by
<br />Leadu ai the cmc . i application as a ctt•d;t ataans: the ium; .r:ured by rh„ \iortgagc
<br />`~` 3. 'k?PI'~ of Pay locals Lnlzss app+uahic `aw pr.,<, :zs ,,the; +a t,r a!1 pa, meat, rzaci, ed by I rndzr under 'he
<br />:~!oie and paragraphs 1 and ? h<re<,` shall he anpi:ed M 1 zndcr tint .n i':;men; .'t am.'unts pa+~.eMe to 1 ruder h?, Borr,,wzr
<br />under paragrapt; .bete.?.. z;xn t<~ rnterrst pays: lr on th:• \.xr, ;her :,+ the pnn:[pa! of the \otr.:snd then to interest and
<br />~, pnactps3 as any' Fuzuze Adsartxs.
<br />!. Ixas. Bc zr.~u cr :hat: pav all ;.rsr,..,.,<•..rtr,~r..:nd .tether ,berg v. fine.: and ,mposit „+ns attrhutahle to
<br />M~ the Pr,?>xrts~ uhi;-7+ 3;tay a :am a pna~rity :nrr th,o \ior:gac~r. end ieaszhold pati'mznts or ,round ants. it any, in the maatter
<br />provided [older paragraph . berm+. ar. ;. a w ^a+d :. s:s..". mar.n<: r; Ba~rrnwrt routine payment, when due- dim:th' to the
<br />payee itteaca-.. Borrower shall pn,mptiy ;urn~.~^ to lender a:; n„t,.:rs of amouau due under this paragraph, and in the event
<br />&v*au_z shall make pay'tnen[ .'.:rr;t!v. Li:~:-i:,.rz ,hail nr.,n!-:-. tumi,h to Lrnairr receipts evideazrng such paytncnts.
<br />(~ Betn~tver stall grx+tnptly' discharge any l,rn +•rr.a hi p*:or:ts .,vat thts Mortgage: pravidtd, that Borr.~avet chali not br
<br />-+i rega;:txd;:, d:sctiaree any such lieu v~ tang as Bortowrt s?tsit agree to urrt,ng [n the payment of the a~6iigation ,rc~~ed M"
<br />sstt$ Iscn to a manner ac~xpta:ile to Lrrtder, or .has! :n ga,aAd iatth conte,t such tiro hy, er defend znforcemzni of su:h lien in.
<br />3eg_i pro:azd[ng; which ogertr !o r-rrvrnt the rut„r:zmem of the l,er, or forfeiture of the Proper<l v am part thereof.
<br />- S. Rarar$ t>usraurte. &,[rawer .Stall lop ttx :mrr:,,cmrnt, n.~u evi;t,ng or hereafter erected on the Pn~prrty' msurcd
<br />~' agaxast lass hr firs, hazards included wrzhsn tltr *,crrzt ~"evrencled covetagr". xnd such other h>:.ard, as l.zndcr may reymre
<br />~ sad to stwYt amaunis and for such pen;vds _, i-erxt ;na} rrqurre: pre, idrd, that ! endzr ,hall not require that the amount of
<br />'- su?t c<~vtraee cr.<'Ytd that ama,u .t a,t ,a~<z agz reyu~r~.i [n pay th ,:;n, st~ured by tt,~. Mortgage.
<br />">:. The :$suras~e ;artier pros-iding rite ,..s:.r:~r_~ shall hr .ha.- r h,- Borzawer suhje io agpro,a' by l rndzr: pen++ded.
<br />rba€ s+;:h appr,vai xitel! not be utriea+.a,na~'v wuhhc;d .4i! pn•miumc ,•n insurance polic:zs snail hr p.::.. rn thz manner
<br />prof-tSed ;:ader paragt~.nh ' h°roof or. a non patd to such manner, M Sorrouer mal,ng payment, when d[:r. ;i,rccth~ to the
<br />- itssur~-c uritr.
<br />Ali snsttraaee pel[ci.n and renzuals tixrret shell i,r an iotm .+ cntabk to Lrn.lzr and shall ,nch:de ~ .tanlard mengage
<br />` -3 s:~'n $_>`ar a. ..~i +-;, f ~r*t? -+c~gpt able to Ihndc+_ Lersdrt ,h:,li ha,r the right ;.' h.,{d the ps~ii: ,es and rt neu al. thzrz.~t.
<br />- aa$ &"tia'a>we_ s-ha3i pra,~pti - f- rraiah [t trrdr, ~:_ re:,. -.., ,. ^. x..v a,; :__ - paw prcnursm, In the z-,enl .,f la,as.
<br />B<ats,,s.cs >ita!: cave pea+r;pt sh,tsce t.~ the :resurunce .arr;er _.t~ i.cn,ir;•. Le.^..',A* tn'a rnawr } rasa ,mot io>s ,i n.'t made pn,rtptlt
<br />.. r~ ty' Bc.rrov+'u. ..
<br />~tiniess Lca~ snot &,rtowrs .theru.a same ,n ar=t:ne. mautan t p:a>`rrd; shall ix applied '.~ ;mot<,[atiar, ~'r repair al
<br />ih214.~+pen~; damagz;i. pr.~'.:ded suet: te,*t.•*at~n arr tr ., +~ r; ~'n.,m,<ail, :r., e,h!r .:nd tht ;ra urny of th,s \i„rtgahz ,.
<br />not iberei,y impaired if such restorat.,,n or repn,r ~ :.,n,,n[..-a:, i -_+, ~ a': ,t •az sr<u~ r t ih,s \i r g-¢e w,+t.ld
<br />{ie [mgaa'ed. ~c :nsurance practx~ „tall be ap, heJ ,c t~. s:.nts ,.-. a,rrd t th+, Ai.~rtgngt, ,•- h ter ev<- a n +r,y_ pa,d
<br />r ~ Sot-i<,svet. U the Propt n+ a .s;,.r,.l.,nra7 ha B.v;.•ur; :: $a.r:a-arr t ~ ..., tr.;,.,r•J !: 1 rn~rr uit};,r: ?U dad. tram; tha•
<br />Gait natu^e es mulled h) L,endcr r.. B,.-r.,u- [ - - t :hc r ur rx - rn ~..rit~^ -s m }+r tn~uraucc htrehe., Ltr. arr
<br />is atttLt<i•tzrd [c roiicc[ xad zpp„ tits ,..,aran:= pr,<r<,;. at 1 a :t„ _ p.,a ,. r. *er ,. .tat, ra.:ar, a, -cps:: o, the Froptnt
<br />a:, the ~=.ta-=s. sar~ured l~v t}:s !tr-tga~:~
<br /><L`'aies: L*_ntkrr and-Eiuraw rz athe-»t>r :g: r..,..+;:t~r.e ar~, .:a_r, .,pp ,sr+r..,f }-rrRrzds e+ p; ~no,pai shalt .^.att tv[end
<br />ar p<xtpa,nz ihz due dart <•.i thz :,+ontr•I: - - .. -. red -r»~. . ^~ sn.+ hcrc.,f a,t changz the amount of
<br />stub ittsaallnxnts. li unmet paragraph in here.:.rtr P,: pr. ,, :- y~ - ~ - Lerdrr. ail r,ght t.tit: and ,ntzrzst of Born,wer
<br />is ate t~ aai .nsuraace ;.x~licies and m and t. the pt a:rir titzrn~( :.,nit;ng (mm damar u, the Propery pria,r to the ;ale
<br />ar acautsinan shalt pass to lender t, tLtc r;tent . _ tilt ,~.._, ~.-: u; r..' r, [ht, 1<l~~nea~- :mmtdtatzit prior to .uch sale <~r
<br />tt,'stt~itiaa.
<br />S, Prnmsoatt aed htaiateeasct: of Progeny; LeasefuJds: C~ondu®Lttiums: Plearted Lea;![ Dev eiopments. Son;+arr
<br />sLtail keep the Property is good repair arm shsll not cc+mmir onset ~,r pzrnut +mpa,rntznt or deterioration of the Prc:penl
<br />end tdtall carapiy with the prowons of ant lease tt th„ ~iongagr „ :m a lrasrh.~id if thn llongagz i_ on ., unit itt a
<br />co~rtdaminium :,r a planned ttnu dcveiopznrnt. Bart.~wrt ,.*.a!; pana~rm al! a,t Ba,rr,,uzr~s ohlceaucns under the dzciar t;.,a
<br />ar cnvenaats :-resting or gavcrwag rte cand.,m:n+um ar ptanrird „rot devriopanen;, the by-tau: and re u:aiien, ,,{ the
<br />.,~d<~imum at pined ni:it dev~..hpt~m, sad ca3nstizurttt d.q-untr,n= it a :on<iommmnt or planned unit a!<•aelnpmznt
<br />redo is a ,x+vi "try Batia,.cz attd rccerdr+l together u:tt; th,; Mc,ngagr. the crnenants estd agreememz tit wch ruler
<br />tJseil 6e in.^nrpccated imo and shah atrcod snd supplement Lhc coaznanta xnd agreements of thin M:,ngage as ,f the rider
<br />were a Pats hereof.
<br />'}. l4she'4iott p,f I.ea/as'c may, Lf B:,rruwer tads to perform tlae cavenaats and agreements contained in this
<br />it4pr:gagr<, ~-r if esy' a~~~itna or graeetaiitag as cammetrczd wf;tch materially atlects Lender's ,ntetest in tltr Property,
<br />iachtdveg, but trot Limited ta, erairnm tSataein., insal.ency, ca,de entarcement, of urrangemznti nr prozeedings mvolv,ng a
<br />baakntix or dxedatt, then Leader at Lender's option, upon notice to Bc+rrow et. mat make such appearances, dtshurz >uch
<br />stttvs amt take stsfs eciioa u is ntxcssary to protect Lender's ;n*.erost .ntluding. but nor limned tn, disbursement of
<br />reasttnebit attottxy's fxs sad entry upon the Property to male rcpa:r<. if Lender require:l mortgage insurance as a
<br />:nstditioa of making the ioett scented by this Mortgage, Burrower shall pax u+e premiums required to maintain such
<br />insurance in efftxt rrnd.I snctt tip as the [requirement for such insurance ctminates tr, accordance with Burrow cc's 'and
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