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<br />tintsoau i oventnrs. Borrower and Lender covznant and agree as follows:
<br />;. Pa}meat of Principal and InteresE. Borrower sha}i prompty pay when due Thx principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the No[e. and the principal of and interest
<br />on any Furore Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or io 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 "Futsds"} equal to one-twelfth of the yearly taxes and assessments which may attain prie+rity over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twetfth of yearly premium installments for hazard insurance,
<br />plus one-twetfth of yearly premium instatimeots for mortgage insurance, if any. elf as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bil#s and reasonable estimates thereof.
<br />T'he Funtis shat) be held in an institution fhe deposits or accounts of which are insured or guaranteed by a- Federal or
<br />state a_eancy (including Lender if Lender is such an institution}. Lender shall apply the Funds io pay said taxes, assessments,
<br />insurance premiums and ground rents. Linder may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interesT on the Fonds and applicahle_Iaw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execufiori ~of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or -applicable law
<br />requires such interest to be paid, Lender shall not be required to pa}' 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 t6 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 />6y this Mortgage.
<br />If the amount of the Funds held by Lender, together~wiih the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as [bay Pali due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shat! not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay ro Lender any amount necessary to make up thz deficiency within 30 days 17om the deli notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of alt sums secured by than Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph l8 hereof the Propeny as sold or the Property is otherwise acquired 6y Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acyuistuon by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by thts !Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, tall payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payitbtc to Lender by Borrower
<br />under paragraph Z hereof, then m interest payable on the Note, then ro the principal of the Note, uud then tc interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower ;hall pay ssll taxes, .asessmcm :rod other charges, fines and ~mpasitions attnhatable to
<br />the Yroperiy whrch roan attattf a pnoritq over-titrs-Mortgage -arid leaseholJpayments sir grouhd rents, rt"3nv, tit e7ie u+aria~~
<br />provided under paragraph 2 heron[ or, if net patd m such manner. by Borrower making pay inert, when due. direi:dy to the
<br />payee thereof. Borrower shat! promptly furnash to Lender all nouccs of amounts due under this paragraph. and in the event
<br />Borrower shall make paymem directly. BorrowGt ,halt promptly turmsh to Lender receipts evidzaartg ;ugh payments.
<br />Borrower shall promptly discharge any lien which has pnonty over thts Mortgage; provided, thin Borrower shalt not be
<br />requred to discharge any such lien +o long as Borrower shall agree m .,Hung to the payment of the ehltgauon secured by
<br />such hen in a manner acceptable ie Lender, or shat! m good Yuith contest such lien hy, or defend enforcemer+t of such lien .n,
<br />legal proceedings which operate t.. prevent €tr znt.,:zmzrt ~•€ tnc i:cn ,•r iorfeuure of a:^.~ !'n;perty :.r arts part :hereof.
<br />5. 9azard Insurance. Borrower shall keep ?he :mpm,ements now existing or hereafter errcied nn the Property m,urcd
<br />against loss by fire, hazards included wrthtn the tern::,tended roverugd ~, and ;uch other hazards as t_endtr toot reuurre
<br />and in such amowtts and for such periods as Lender r.:.:t rcyuare; pr,+~ide,l. shat (.ender ,halt ^ot requ;re ti.c. ,he amount of
<br />Such coverage axcee:i the[ ant.;uni o -overage required t„ na; thv :ants ,ecured ht th:; Vt er!ea~e
<br />"I"he tnsururne sarner providing the tnwrance sftal; 1.4 n -en t•v Bs r w-r - thl--t -. plc ~. ! ender: .v:ded.
<br />pr
<br />that a~~._It rnv.l ~sll .. ,.,, ~......~., <:.:.. .-.:.A~.,a .~ - „1nn„ --. inure, C nLt.~_~
<br />spy.-.. a. sh.....^.ut b_ ,.,,...a,.,..a.,.._ .. .~,., .~,_ - ; u r ._: _ .•,
<br />provided under paragraph 3 hereof ur, rt nut hard to such manner, h+ Bt n wee rtak r:e payment. worn due, Lrtctty r, ,he
<br />insurance earner.
<br />All insurance policras and renewals thereof shag he m torn aczapreble to Lenilar .,rid ,ha!! :n.Inde : -tand,.:nl mor!gage
<br />elnuse in favor of :rod m form acceptahle te. I,zodzt. Lc-nder .h,dl ha,c the right n, hold ihr pou~:es .: n.i r, rzw ais thetzot.
<br />and Borrower shall promptly furntsit to Lender all renew a{ noures and alt rezrtpia et pu:d premum, In ihz rent „i L,sa,
<br />Burrower shall give prompt noucz to the mourmtze earner and lender. I en.:r: m.,} no-rbe nruof ~d !os, :t ~~~ot ni.uiz pt„mpfl}
<br />by Borrower.
<br />Unless 1_ender and Bonuwer o[hcrw isc agree m wen: rig, in,w an,e pn„ce.h ,hell he applied to resturauon .u repatr ,~t
<br />the Properp• damaged, provided such rcsterauou or rep:ur ,, cunonncali~ f asible .: rid :hz .ec,:nn o. thn 'sh~n,:eez i,
<br />not [hereby impaued. II such resmrauon or repair is nut c.:wt,vnaail} Ieasthic ,+r a she ,e<unt} o:~ thi+ Mottgegc .vuutd
<br />ba impaired, the msuranoe proceeds she{! be applied to the sums secured h} ilia ?rlortgage. wuh the e,«e~, it any. peal
<br />to Borrower. It the Proper@ is abandoned h} Born»vcr. ,+r it Bornws cr toil, io rcapond to L ender within 3U da}s In,ni the
<br />date nelicc is nteuled by Lender to Bor•::wci That the : ;urea.z ; ,aloe, : ,zulz .~ taint [oi msuran.e hcnrits, i endzi
<br />is autha'ized to collect and apply the unur ncc procceds at LniJcr;~.gv i„n either to maturuion of icpau of the Pn,la:m
<br />nr to the sunta secured by this Mortgage
<br />IJulzss Londe[ and Bonuwzr otherwtsz agtcc m w„urg. ,ua -+..u epphc,itron .rt pivctzd~ ~o pnncip,rl ,half not c,tcnd
<br />or pustpoue the due date of the m„nthly mstaihnznt., rcicrrcd :,~ in pat agreph, i .utd _' hctari ,n change the amouN tit
<br />such iusiallmznu. Ii under parugr.+ph !x hoaeut the 1'ropurry iz ....you z.l iu I_audei, ,dl nyht, ode and nnereat „t Borrow cr
<br />in and to any instu~arrce policies and in ant to the proceeds thzreor resulung from damage to the Propen} poor to the stile
<br />m' acyuisibon shall pass fo Lender to the. eateut of the ,ants sceurat h; thi-, 4l,~rtgage unu+zdtatrly poor !, ,udt sale ar
<br />aequisition.
<br />6. Preservaiian and Muinlenunce of Property; tsavtrehk+; {'<mdmuiaiurus; Planned lLri! !]e+elupotcrua. urnr,,:_c;
<br />shall keep the Property iu good repair and shah not conunit waste ~,: permit mtpaumcnt or detcrtnratwn ,ti the I'ropert}
<br />and shad) comply with the provisions of ant leaae it this Mortgage n ,at .: latseh..ld. It this Slutigage n o.. iuw : .:
<br />condomimum ur a plaatned uml development, Borrow-ar shall perform .ill ,rt Borr.~wzrs ~~hhgat:ons undei the dealat.ru:m
<br />or covcnttnts zreunng ur govcnung the condomu'uum m planned win dc•velopntuut. the h}-laws and tagulauon, of the
<br />condominium or planned unit dcvclcpmen6 .rod cunaainient dunmtenis, h ,, .-undununurm of pl.mnal ~~nii .le, chip:nznt
<br />ridt:r is cxe~uted by Borrower and ts~orded aogeiher ,nth this Mortgage, the cos enants .: rid agrecmr•nn ~,, ,u.h t~dci
<br />shall be inzarporatzd m>a and Shalt amend and supplement the c.„„enants and agroctuenta tit thn Mortgu}te .,, ~f .he udci
<br />were a part hereof.
<br />T. Protection of Lender's Secoriq•. G BUrrUWeF tads to pu Ann the eovcnauts au.l ,igrccmwus .oni.u:icd m ilia
<br />Mortgage, or if any xcuon or proeecdtng rs comnacr,4:zd whidh materially alh•,. t"~ I enJer's interc,t u: :lie Ih,gxn,.
<br />including, but not timued to. cnwteu[ domait,, lnsols atop. code rui„i content. ~~: et rangmnents of pnaezdmgs an oh niu .:
<br />6aukrupi of decedent, then Lender ;tt L.~endcr's opa.at, upc,n nuucc :., Itgi r.,x.u nia} r+iekc ,uch ,, pl;cai alt, ~,, .tini,wu •.u,.
<br />sunvs and take such action us ix ncecssary io protc~t tender's inlet est, m,ludmg. hw rot lunned t... di.butacm-m , ,
<br />reasonable auurtcy's ices and entsy upset the Pral+eny to mekc reps+_. It t rndci tcy,.nra ~ncn [gage ~ eur..u~c- .,_
<br />cmidiuan of nsxktng alto. loan ;azured by this Mortgage, Bu:rowu snail pa} :hc prcmnt:us iey;uicd !. mmniam ,.~,-.
<br />'raalr ~~t4e in z--, 4: anti; such ti:t7e :es ;hc tt<qutreaaent f~; _u .. ........ .....~ _ ..,..i..,~, .,. .".;, d.u-... ..,t„ lt,, ;, ,~~, . 'u.o
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