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<br />Ut+tpozevt CovEtvntrts. Harrower and Lender covenant and agree as follows:
<br />I. Payment of Principal avd Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by Ure Note, prepayment and late charges as provided in the Note, and the principal of and intetsst
<br />on any Future Advances secured by this Mortgage.
<br />Z. Fantle for Toes and Itrwance. 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 io one-twelfth of the yearh~ 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-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time fo time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits ar accounts of which are insured or guaranteed by a Federal or
<br />state agency (inchtding Leader if Lender is such an institution). Lender shall apply the Funds to pay said ta~.a, assessments,
<br />insmaace premiams and ground tents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying a~ wmpiliag said assessments and bills, uoless Lender pa}^s Borrower interest on the Funds and applicable law
<br />pazttiLC Lender to make such a charge. Borrower attd Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Fonds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest is be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shag give W Bturower, without charge, an annual accounting of the Funds showing credits 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 Matigage,
<br />)'f the atttotmt of the Funds hztd by Lender, together with the future monthly installmenu of Funds payable prior to
<br />the due dates of taxes, assessmenss, iastuance premiums and ground rents, shall ~eceed the amount requited to pay said taxes,
<br />attsessmettts, imurance premitmts and ground rears as they fall due, such excess shall be, at Borrowers option, either
<br />promptly repaid to Bwrowrr or credited to Borrower on monthly installments of Funds. If the amount of the Futtds
<br />held by Leader shah not be sufficient io pay saxes, assessments, insurance premiums and ground rents as they fall due,
<br />Btuiowtr shall pay to Lender any amount necessary io make up the dzficiency within 30 days from the date notice is mailed
<br />by Lsada to Barroww regtzestirtg payment thereof.
<br />Upon paytaent in ftdi of all sums secured by thts Mongage. Lender shalt promptly refund to Borrower any Funds
<br />htdd by Ltttda. '.f under paragraph 18 hereof the Property is said nr the Property is oihervise acquired by Lender, Lender
<br />shag arpiy, no later than itnmtdiately prior to the sale of the Property or its acquisition 6y Lender, any Funds held by
<br />~: at ;~ t;tt~ of R.amm as a z,iwit aga3tst the sums secttrea' by finis Ritrrtgage.
<br />~. A~iCa0lse of P{y>~. Unkss appliubk law provides otherwise, all payments received by Lender under the
<br />Ntxe atd paragraphs I and ? htreaf shall bt applied by Lender first in payment of amounts payable to Lender 6y Borrower
<br />trndtr para$taplt ~ hereof, then io iatett:st payable oa zhe Natz, then to the principal of the Note, and then to interest and
<br />printipal an any Ftutrre Advances.
<br />i. ~ Liras, Botrnwrr shall pay aH taxes. assessmenu and athzr charges, fines and impositions attributable to
<br />the Prnpesty which taay attain a ptiarity over this Mortgage, and leasehold payments or groand rents, if any, in the manner
<br />provided tr.zder paragraph 2 brreof or, if not paid in such tttantrer, by Borrower making payment, when due, dirtxtly to the
<br />payee tirtsoL Borrtrwtr shag promptly famish to Lens ail motives of amounts dtre antler this paragraph, and in the evem
<br />Bortvwa shaIl matt payment directly, Bnrrewzr shall prompth iuroish to Lender receipts evidencing such payments.
<br />ilormwc' shall promptly discharge any ~ which has priority o+°er this Motgage; provided, that Bortmver shall net be
<br />tegt~al to discharge any such 3iea so long as $orrnwv shall agm in writing to the payment of rho obligahan secured by
<br />such lien in a tnaoner acceptable to Lender, of shall in good faith contest such lien by, or defend enfar4-ement of such lien in,
<br />Iegai which operate to prevent rho za#ormnent of the lien or iofeiture of the Fraperty ar arc part thereof.
<br />5. HQara Iarsrstawce. Boztowrr shall kxp the impm+attrnts raw zxisting ar heroaftzr erzcted rxt the. Property insured
<br />agatnsY Ions by foe, harards included within the xzim °zxtendcd coverage', and such other harards as Lender ma}• require
<br />and in sarelt amountx and for sudt periods as Leoder ~*tay require; provided, that Lender shall nw require that :hz amoum of
<br />sudt exceed that amattnt of rav~erage rzqutrcd to pay the sums secured M• this Mattgage.
<br />Tie iaatranix txrtier providigg the in5urantY shall he chaser by Borrower subjtxt to approval by Lender, provided.
<br />that s-zt$ approval sltsB cwt bt uareastutahh withheld. AU pttmitmts on insuratce politics shall be paid -:u the manner
<br />ptnrvided xmder pangrapdx 2 hs~ ot, if not paid in such manner, by BoxrowC[ making paynxent, what due. ,itreetlp to the
<br />i~ratttsce atria.
<br />AH i pttt and tsnca•a3s thetco# shall lax is iotm a-czptabie to Lender and shall include a standard mortgagz
<br />+3atrse itt favor off and in ftvrn ac~abk to Lemier. Lendez shall have the right to hold the }wlicizs and rernwals thereat.
<br />zttd 8txneaa shall ptt,~ptiy fttraish to Lcztder all renewal notices and all receipu a# paid premiums- !n the event of lass,
<br />gotscsster shrill give prornp4 mtirx m the ;*+d{rA>W .arricz and Lander. Lettdzr tttay make pn'.a1 of lass if rat made promptly
<br />by Baxrosr+rf»
<br />l3niest i.stada a~ Btnmaav ~tuise agt'a m writing, insurance prc~ls shall be applied to rzstaxatiart ar repair of
<br />tie Pnapaty dama~od, ptovstled sazch tt:storatitm or repair is crnnxunicaily feasible std the security of this Mongagz is
<br />oat tbpteby impaired. lg such nestoratio®~ re~tair is rat zs`otxxtaicslly {rasible u if the scturiq' of [his Mortgage would
<br />he imtpaimgd, the ~ pameerk shall be ~aiied to the s»ms so<-uttYf by this Mtntgagz. >iith tlir excess, if any, patd
<br />lea B )f the Property a abattdtmad b} Btxmwer, nr if Horrawcr lath to respond to Lrnder within 31) days from the
<br />dads aa¢ige is mailM by Lender zo Stunnver that the irtsuraazt,`:e carrier cdirr^s xa senle a claim #nr insurance bene5ts, Lender
<br />is atuieaiaM to xxtHea and sltply the ittsurasce peopeds at Lender's option cithzr to restaratiat ar repair of the Property:
<br />or m tie suss secsxsd by ties Mart~tge,
<br />U'alaa I.ezr#sr and 14 oehztvv7se agrtx m a'titittg, an}° such application of prrxetds m principal shall rat extend
<br />or the dts rlatr ~ for rncatthlx• inxalit~ats rzirart+d to in paragraphs I and 2 hereof of change the atnaunt of
<br />mdr' If undo paragraph i8 hertxtf the Ptxsprrty^ is a.'igtained 6y Lezdet, all right, tit}e and interzat of Barrowu
<br />~ aetl xa arty emuranoe policks and in a~ to the prtxaads xhersaf resulting from damage to tbz Property prior to the sate
<br />tttr aqua sha]I pace ro Laasda w rise exxnt of the sums secured b}^ this Mortgage imtrrediaiely prior to such sale ar
<br />tL Ikarsat~aa nest Mrialamtwoe of Ptra~atJ; I,pa3oidfi Cead~a Planned Unit Ix+°dopweats Barrowzr
<br />~ tie Ps+egraty in goad repair and shall ntx corarmit xaste ar permit irttpairment or deterioration of the Fropeny
<br />and aiaB will the ptta+vsians of any leant t# this Mortgagz is nn a 3easebald. If ibis Mongage is rnr a unit in a
<br />au a piataeal omit dtcnt, Brnrov,~s shall perfaxrn aU of Borrower's obligations under the dalarauan
<br />or gtra4aaanS or gavsrg~g the ca®dominium ar planned unit development, the bY-iaws and regulations of tfie
<br />or piaaod sme! dpi, atd i`anstitueni docurnetus. If a rotrdatninittm ar planned trait de+'eiopment
<br />r+da k saata~d by Berta+ses and tad tngatrcr v:rth tltts Mongage, tins raverrrants atad agreements of such rider
<br />daa~ its iaagtpna~d arm and shall attrend amt turlyaicment tlx covenanu and agreemonu of thts Mongage as tf the rider
<br />ttla0 a jnnt
<br />7. 7hssi94~sa aE Ltd Setwiq. If Botrawer fails to perform the cavrnanu and agrs+emcnts cntttained in this
<br />or if a;Ay ataiaa tx pt'y is cixnmeaced which materially affeYts Lender's interest in the Fraperty.
<br />hu oat 6tetiPod to. ttminent datnain, imalvetacY, code ettfor~ment, or arrangements or proceedings mvolvmg a
<br />bttslatapt ttr darodtmt, tiro Lewder at Lcader'a optu+a, upaa notisx to Barmwzr, tray make such appearances, dtsbutu such
<br />t and tats r+>rk atxiga as is 'Y to protoct Lzrtder's imcrest, includrag, but not limitzd to, dtshursemznt at
<br />t~itgoiLrlC attomgy': ~ and sgttY upam the Progeny to tttake repairs. If Leader required mnngage insurance as a
<br />tzgpd#iga +af malonj rise ban socattsd by ties Mortgage, Barxowzr steal! pal' the premiums regtnred [a maintain such
<br />iatatraagtp ~ sBact ttmtl strtdt tiaoe as the rwgttittrmcnt for sttelt insiuanx termtnatcs m x.:ardwce with Bort>i+wei s and
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