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<br />f;ktFOau C•wt=nn?vTS. Borrower and Lender covenant and agru as follows:
<br />I. Payment of PrinclpY and Ittaetress. Borrower shah prompth pay when due the principal of andrinttreaC on the
<br />indebtedness evitknced 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 />2. Feeds for Taus end Iaataraaiee. Subject to applicable taw or to a wrinen waiver by Lender. Borrower shah pay
<br />to Lender on tfte c;2yt[tonihly inUallntems of principal and interest are payable under the Note, unite the Note is paid in full,
<br />a sum thereir, "Funds") equal to pnatwelfth cf the yearly taxes and assesstrtents which tttay attain ptwr[ty over this
<br />Mortgage, and ground rents on the Property, if any, plus orrvtwdfM of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premitrm installments for trtortgage insurance. if any, all as rzasonably estimated initially and ftam
<br />tune to time by Lender nn the basis of asaeasmrnts and bias and reasonable estimates thereof.
<br />The Funds shall 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). tinder shat) apply the Funds to pay said taxes, atsessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing said account,
<br />or verifying and compiling said assessrtxt[[s and hilts, unless tender pays Borrower interest on tl~ Fonds a[uf applicable law
<br />permits Lender tp make such a charge. Borrower and Lender may agree in writing at the time o€ execution of this
<br />Mortgage that interest pn the Funds shall be paid to Borrower, and unless such agreetttrn[ is made or applicable law
<br />requires such interest to be paid, Ixnder shall not be required ro pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Fut[ds and the
<br />,purpose for which each debit tp 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, assessmenu, inswance premiums and ground rents, shall exceed the amount required topay said taxes,
<br />assessments. insurance pretniams and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly instailtrtents of Funds. If the amount of the Funds
<br />held by Lender shall pat be wtTivtient to pay taxes, assessments, insurance premiums and gtvund rents as they fail due,
<br />Borrower shay! pay to Lender any amount necessary to make up the deficiency witltir. 30 days tram the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upnn payment m full of all Brims secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. Lf wader paragraph 18 hereof the Progeny is sold or the Property is athetgsise acquired by Lender, Lender
<br />shall apply. no later then immediately prior to the sale of the Property or its acquisition by Leader, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by [his Mortgage.
<br />3. AppNcatirtn of Paymetsts. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and pazagraphs 1 and'_ hereof shall be applied by Lender first in payment of amounts payable to Linder by Borrower
<br />under paragraph 2 hereof, rhea to interest payable on the Note, then to [he principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />y. CMtses; Liens Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments pr ground rents, if any, in the manner
<br />provided under paragraph ~ hereof or, if not paid in such manner, by Borrower making payment, whrn titre, directly to the
<br />payx therwf. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, agd in the tvent
<br />Borrower shall make payment directly, Borrower ,hail promptly famish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any hen which has priority aver this Mortgage; provided, that Borrpwer shall not be
<br />required tp dtxharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien nt a manner acceptable to Lender. or ,hall in good faith cpntest such lien by, or defenil enforcement p[ such lien in,
<br />legal proceedings which operate to prevent the tnfprecnten[ pf the lien or forftnure of the Property tic any part thereof.
<br />5. Huard Imwrance. Borrower shall keep the unprovemenes now existing ur hercafttr eretted pn the Property insured
<br />against lxs by fire, hazards included within the term "extended ::overage", and such other hazards as Lender may require
<br />and tit such amounts anJ for such prrfuds as 1_ender may regwrc; provide), ilia[ f_wider shah not require that the amount of
<br />such coverage exceed that amount of coverage requtreJ to pay the sums secured by this !lfortgagt.
<br />i71t msurattce farrier providing the insurance shill be ,:hoses by Borrpwer subject to approval by Lender. provided,
<br />that such approval shall not be unreasonably withheld, All premiums on insurance poHctes shall he paid m [he manner
<br />provided under paragraph 2 hereof ur, :f not paid in such manner, by Borrower making paymea[, when due, directly [p the
<br />tgsutaace carrier.
<br />All insurance pphaes and renewals thereof shall be m form : cceptable w Len,ler and shall mciude a strtndard mortgage
<br />clause +n favor of sail in Corm acceptable [o Lender. Lender shall have the right to hold the policies and renewals thercpt.
<br />and Borrower shall prpmptly furnish to Lender all renewrl npuces anil ail receipts of paid premium,. fn the event of loss,
<br />Borrower shall gn'e prompt nouet to the insurance carrier sad 1_ender. Lender may make punt( of loss it not made promptly
<br />by Borrower.
<br />Unless fonder anJ Borrower ptherw ire agree u[ writing, insurance pra:etds shall be applied to restoration pr repair of
<br />the Prpptrty damaged, provided such resturauon or repair a cepnpmicaily teasibie and the secure} of this Mortgage n
<br />not thereby impaired. If such resturauon or repair rs not cconomt~ally feasible or i( the securty of Otis Mortgage would
<br />be impaired, the insurance prpcreds shalt be applied to [he sums secure) by this Mortgage, wnh flit excess, if any, paid
<br />to Borrower, if the Property is abandoned by Borrower, or rt Norrower fads to respond to Lender within 30 days from [he
<br />date notice is matted h} Ixnder tp Borrower [hat the nuuranae arner oliera to settle a Maim €or insurance benefits, !,miler
<br />is authpnzed to cnltect and apply the insurance nroct:eds a[ 1 anJtr's option zither tp restoration or repair of the Property
<br />or to the Burns secured by [his Mortgage.
<br />Unless Ixniler and Borrower otherwise ogre :n tinting, .rny itch apyhcauon of pnttceds tp pruteipal shall not extend
<br />or pos[ppnc the dot dart pf the nwnthty installments referred to .n paragraph. aod_ hereof ur change the amount of
<br />such tnstallmtnu. tf under paragraph id hetrc,f the Prupett} a acquired h} Lender, ail right, title and interest o[ Borrower
<br />in and to any insurance policies anJ in and tp the prax:eeds thercpt resulvng rrom damage tp the Property poor tp the sele
<br />or acquisition shall pass to Lender tp the extent of the aunts secured by this Mortgage iminedtattly prior tp ,wch, sale or
<br />acquisition.
<br />r3. PrFS~ercat;u,a earl yfaiatrnanec of Property: Leasetwl~: tpndomiaiums; Piatmed Ut[if 13ereiopmcntn. Borruwcr
<br />shall keep the Prpperty in gppd repair anJ shall nut commit waste or permit impairment or Jetcriorattpn p( the Property
<br />and shall eompiy' with the ptpviswns of any Rase it this Mprtgage r. on 3 ieaschcld. if this :Nongngt is on a unit in a
<br />cpndominrum or a planned um! development, Borrpwer shall perform all of Borrower's obhgatious under the. ile~laratipn
<br />of coveurints creating pr guvermng [Fie cpndunumum oe planned unit development, the by-laws and rtguiations of the
<br />ccxsJomimrun or planned unit dcvdppment, and constituent dacunxnts. It a conJprninium or planned [.nit development
<br />rr:kr is rxexutcJ by Borrower and recprded together wi[fs this Mprtgagc, the covenr[tls :ind agreements .~t .wch r,Jer
<br />shall be incorporated into and shall amend and suppletncnt ttre covcrants anJ agreements pf this Mortgage as it the ride-;
<br />wCt'C ., pin hC[EDf.
<br />7. PrWtxtiea o[ I,ea~r'n 5cewrgy. if Borrower (alts to periprrn the covenants anJ agreements cortaii[td m this
<br />Mortgage, or if an} action pr proceeding is ~pnunaisetJ which nia:c.riaUy affects l.endcr's utitn.•.t in the Prpptny.
<br />utcisiding, twt rxrt luttitpl tp. emittern domain, msphezic), cpdr enlor,.a inept, cr arrangtnitnts of pns ccdings :n. giving a
<br />bankrupt to ducdent, then Lez~er at Leosfet's op[wn, upon npricc tit Bprrowcr. nta} stake wch appi:aran%as. Jishursc ;u.h
<br />suttu rod take such acuun ;rs [s naxesaaxy to prpttct t,e>-ukt'= :rttere5[, uz~tpJtng. boa ncu tt[u,teJ t.+. ,l+4hurslmcnt : .
<br />xtason,;rltte a[usruey's fee, and ens_ry atpon iht Property tp tnakc repaeri If t_r_.x#u rcgteirrd mortgage insurance a. ,_
<br />cundiuon of making the k,an srxared 6y ibis Mortgage, Borruwcr shalt pry tt,t prcmiwns ,cqu,reJ tp ararntain +„ch
<br />lnatrtance in cffei~t split such tune as the requirtmenf for ~ix:h rnsurancc ;rtlninates u; .t~airdancc with Bnrtower'; .rn:l
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