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<br />Uxu+oaM Covex,sx•rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Priiatipal and Interest. Borrower shall promptly pay when due the principal 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 fnterest
<br />an any Fltture Advances secured by this Mortgage.
<br />2. Ftmds for Tales and Lssunnce. 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 [he Note, until the Note is paid in full,
<br />a slim (herein "Bands") equal to one•tweifth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage and ground rents oa the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus Otte-twelfth of yearly 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 />The Funds shaft be held in an institution the dtposies or accounts of which are insrtred or guaranteed by a Federal or
<br />state ageneq {including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for su holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bilts, tmless 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 [he time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Harrower, and unless such agreement is made ar applicable law
<br />regttitns Stich intertxt to be paid, Ltnder shalt not be required to pay Borrower any interest or earnings on tht Funds. Lender
<br />shall give to Borrower, without charge, an annual acrnunting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. Z7tt Fvnde are pledged as additional security for the sums secured
<br />by this Mortgage,
<br />If the arttount of [ht Funds held by Ltnder, [egether with the future monthly installments of Funds payable prior to
<br />Lht dtx darts of taxes, assessrt[eau, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />ac~ments, ittsuranx premitrrns and ground rents as they fall dtte, such excess shall bt, at Barrowei s option, either
<br />pinmpdy repaid to Borrower or credited to Harrower on monthly installments oI Funds. If the amount of the Funds
<br />held 6y Ltnder shall not be sufficient to pay tarts, asstssmenu, insurance prerr»ums and ground rents as they fall due,
<br />Borrower shag pay to Leader any atttouat necessary to ntakt up the deficiency within 30 da}~ from [rte date notice is mailed
<br />by Leodu to Borrower requesting pa}'mem thereof.
<br />Upon payment in full of aB sums seated 6v this 'ltongsge, I ender shall promptly refund to Borrower any' Funds
<br />hell by Ltnder. U under aarattranh 18 httmf the Pronem is sold ar the Prooem' is o[hetwist acauued by Ltnder, (.ender
<br />shag apply, rro later than immediately prior to the salt of the Proprrt}° ar its acquisition hp Lender, any Funds held by
<br />Linder aL the tittae at application as a credit against the sums secured by this Mangage.
<br />d. A.~eatioa of Pgtiseats. Unless applicable taw provides otherwise, all payments received by I_endtr under the
<br />Note and paragraphs 1 artd 3 hettof shall be applied by Lender ti.rst in payment ai amounts payable to lender ay Harrower
<br />utader paragraph 2 hermf, rhea to interest payable an the Note, then to the principal of the Nate. and then to interest and
<br />pritaafal on any Farrar Adv~aarxs.
<br />3. ~ Liie>s Harrower shalt pay ail lasts. assessmenu and other cfiarges, fines and impositions at[ributabfe to
<br />(tat Pmpaty which rmty attain a priotir}• over this Mortgage, and leasefaald pa}rotors or grourrd rents, i# any, in the trtatwer
<br />provided tinder paragraph 2 benxaf ar, if net paid m such mantxr, in' Honawer making pa}'mtnt, when due, directly [o the
<br />payx thtteof. Btvr©wu shall promptly furs=sh to Ltnder all notices of amounts due under this paragraph, and in the event
<br />Harroxv shall makt pa}'meat dutch, Barroxer shall prampth furnish [o Ltnder receipts rvidencing such payrrrents
<br />Bortossxr shall prompdy discharge any lien xhich has priwiry over this Mortgage: provided, that Harrower shall net be
<br />taquieed m discharge any sails lien sa tong ss Horrex•tr shall agree in writing to rite payment of the abhgation secured 6y
<br />such lien is a mantatr atxrptable w Leader, or shall in gaud faith contra such lien by, or defend enforcement oI such lim io,
<br />kgai pttxxxdinas which optx'att to prevent rise rntortxmcnt of the lien or farfeiturc at the Prapeny or am' psn thereof.
<br />5. Tinned )~ Borrower shall kttp the impmvtmtnts nax existing or hereafter ertcttd :tit the Property insured
<br />agaiatt lass l?y fill, hazards included xithin the term "tvttnded cavtrage", and such other hazards as Ltnder map regwre
<br />:~ is etch attanunu and tar stub purctds as lender may require; provided, that i_endtr shall net rcqurre that the amount of
<br />soda cpverage t[.^eed that amount of covtragt rcgmrtd to pa}' the sums soured rv rhts Mortgagc_
<br />The ++=~+++a~ comer providing the insurance shall lit chsxen by Borrower subjtt:t to apprm'al h} 1 enJtr; provtded
<br />that aaacta approval shall not 6t +*rM~~ably' w•ithhtM. Ali pretruums on insuratnY policia sball hr paid .- the meaner
<br />ptsrsodad t~ ptuaj;raph 2 herxcsf vu, tf nai pard in such tnaaattr, by H[xnwtr making payment, when due, Jrtecily' to the
<br />~, J\B iassirancx policies and rtratwah i3Ki'Lai shall etc in form acceptably to LrnJrr and shah sncludt a standard mongagc
<br />clatne ie favor of and in farm accrptahit w Lender. Lender shall have ffit richt t, hold the policies grad renewals thertof-
<br />itnd Herrovsez• shall prt>Jrtptly furnish to Lender ail renewal ntstrt°ts and al! ry'cttpts at paid premiums- In the event of lass.
<br />Bcgrtwsv shall glut prtmtpt taauce to tht insurance caaitt sod Ltnder. Lender ms} make pre:+i of lass ri no[ made ptomptt}
<br />taY 9caacnrer.
<br />Utilee Lender' earl Soiraarr otherv.•rse agree in wntutg. insurance trtaeeets shall ix 3ppiitd nt trsu,ra[ion or repair of
<br />the Proprtty prrnAdod sitcls r'rstontiaa Or rtpatr is ettsnomicalh ftasibk and the >ecunty ai thts Mangage is
<br />nor ihtxlty i~aited. >i ~ rtstorataan ar re}saar ac taut r.~tatsmically itasrblc ar if the s~turtty of [hrs Mortgage would
<br />ht iIDpatitd, the intairsece proceeds shalt t+t tµapliat to (tae sataas stn tired t+y (hrs Mottgagr, wnh the excess. if an}', paid
<br />m Hotrowv. Sf the Pinpem' is ahandaood by Barnoxrr, or ti Barrowtr Tails is respond to Lcndtr wtthan 3tl days tran[ the
<br />date online is ttitu}ed by i~r to Borrower that flat attsuraraa retort aftds to settle a calm for insurance lxt>;tits, Lender
<br />is atShm•iaed to collect sail apply the msutatis~ pi'OCtedS at Lxtultr's aptiaa rtither to restaratson .x repair of [ht Propertv
<br />ad b the mess sxtued by this Mortgage.
<br />Unksc Lttadet and Btmower cxherxt~ agrx to writing. anti such application s+f prcu~tt$s to pnncrpai shall ant tctend
<br />s ptr~ the doe date of the mm~ttaty iristxiliaerits rcferrrd to ant paragraphs I and '_ haeaf or change the amount at
<br />maltinctaBtoenffi. If tinder patitgaph l$ hereof the Praput} is acgwred b} Lender, all ngbt. tale and interest of Bormxer
<br />in aril m any itrsutanct policies and m aril 20 the practeds thtlml restrlring from damage in the Properly prier to the Sala
<br />ter titian shall pre. io Letadar w the rental of the soars secuttd by this Mongagy +mmediatety pnor w such sale ar
<br />ti, Papea+niae aai 1Naaaeatatec of Prepeatr I.eesNirlelx Condomitairms; f'lanoed Utag DeveMpmeets. Borrower
<br />~aB keep the Prapaay m goad repair acrd snail oat sxatamit wash or permit unpairtt>cn[ of deterioration of the Properly
<br />cad shall t% wide rim paovisstane of any tease ri (hrs Alorzggge as an a kasrhaid. If thu Mortgage is an a unit in s
<br />s~sim~itaa ar s planned taut developaaent, Borrower mall pertorm a{I of Bormxer s oblrgauans under the declaration
<br />cs• :.tr3Siag ar gov+~ai~ t'~se ix~l~aum r=r ptantttd amt dtvyn~pastnt, the by-laws and regulations of rht
<br />ar piasaed unit i,t+~taprnrnt,, and aanstittxnt siacstments. if a condominium or planned unit Jevrioprntnt
<br />rider is eaaciimd it' Btrnower and rtxorded tagrther x•irh this Mangage, (tat covenants and agreements =tf such rider
<br />shag he itanntporaaed amo tux'I shall amend acrd suppletntet the wvenants and agre~=uenu of then Mortgage as ti the rifer
<br />w+e[+e a part hereof.
<br />~. Htattaelisa of iniarl Sneae~r, if Borrower fails to perform the covenants and agreements contained in this
<br />Mo>y{aR, or if ruiy aeAOn or praaaeding is cgnortrensxd which materially a$tcs Lender's iatertst in the Properly,
<br />inohiditrg, but tea liaaited to, emiatet domain, irtstalvtrscy, cede tnfaa-rment, ar arrangements ar proorrdings involving a
<br />Llmtrttpr or ducxden4 then Ltnder ai Ltmler's option, upon nutlet to Harrower, rn„y make such appearances, drsbune such
<br />stags grad take Stich tstxiam as is t'Y io pn+tect Ltndtr's mtertst, tnduding. but not limited to, disbursement of
<br />reamtahk attorney's fees and trttry upon z4~. Property to snake repatrn. I# 1_ttnttr required mongage insurance as a
<br />Ctl~ititm of mtakiag the loan stewed by [his Mongtige, Botrawcr shall Pay the premiums required to maintain such
<br />itrauaner in eStd vtitsl stun time as the rtqu'vement for ouch insurance terminates in acWrdance with Boraower's and
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