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<br />t.; NIFORM Coven srrTS. Borrower and Linder covenant and agree as follows
<br />1. Payment of PrinctPal and Interest. Borrower shall promptly pay when due the principal of end interest on the
<br />indebtedness evidenced by [he 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. Funds for Tales and Itrearavee. Subject to applicable law or to a written waiver by Lender, Borcower shall pay
<br />to lender on the day monthly installments of principal and interest are payable under the Note, until [he Note is paid in full,
<br />a sum (herein "Funds") equal to one•twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents nn 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. a!1 as reasonabty estimated inRially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held fn 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 instimtion). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may rot 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 Ftmds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shalt he paid to Borrower, and unless such agreement is made or applicable taw
<br />requires such interest to be paid, Lender shall not tx required to pay Borrower any interest or eaming< on the Funds. Lender
<br />shall give to Borrower, 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. T7te Funds are pledged as additional suurify 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 prier to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required ro pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall br, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower un monthly instalments of Funds. If the amount of the Funds
<br />Held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as the}' faB due,
<br />Borrower shall pay to Lender any amount necessary to make up the Deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower reques[mg payment thereof.
<br />Upon payment m full of all sums secured tsy this Mortgage. Lender shall promptly refund to Borrower :my Funds
<br />~~ held by Lender. If under pazagraph lg hereof the Property Is sold or the Propern• is otherwise acquired by Lender, Lender
<br />shall apply, no later than tmmediatrly prior to the sale of the Propert}• or its acquisition by Lender, any Foods held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and pazagraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable cn the Nore. then to the principal of the Note, anD then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower .hall pa} all !axes, assessments and other charges, fines unJ tmpos@funs attributable to
<br />the Property which may attain a priority over this Mortgage, and Leasehold payments ar ground rents, if any, in the manner
<br />provide) under paragraph 2 hereof ur. If not paid m such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish m Lender all Hooves of :.mounts due under this paragraph, and in the event
<br />Borrower shall make payment duectly, Borrower shat pmmptly furnish u, Lender receipts rvidenemg such payments.
<br />Borrower shall promptly Discharge any lien uhlch has pnonty over the Mortgage: provideD, that Borrower shall nut 6e
<br />reyuired to Discharge any such lien ,o long as Borrower shall agree m +u umg to the payment of the nbhgation ,rcured by
<br />curb Tien in a manner acceptable to lender, ur ,hall in gout iauh amte,t xlch hen M°, or JrfenD enforcement of such lien m.
<br />legal proceedings which operate m prevent the rniurcement of the hen or 0.,rteuure of the Property or nay part thercot.
<br />5. Hazard Irraurance. Borrower shall Aeep the nnpro+rnient.+ nu+. cusung ar hercatter crccteD on the Property mwreD
<br />aganst loss by fire, hazards included wuhm rhr term "dvtended a,veragr~. rn+i ,uch other hazards as Lender may rigour
<br />and Lt such amounts anJ k?r su+h pert uls :~s I _•nder m:ry reuu:re; provDed, that I cooler ,hall not register that !hr artu•uni :'f
<br />such coverage exceed that amount at nncragc rryuveD to , a} nm ,rm, ,en>red by liu, Mortgage.
<br />The insurance -arner proviDing rhr fasurance shalt ::^.e ::i:oser. L'} Horn=wee se:b)eet 'o appro+a: h+ ? cneicr. pre+ided,
<br />that such approval shall nut 6c anreamatably withheld. AiI prcnuuni, • n in,ur ace puhcie, ,hall card ::. rhr monitor
<br />provldeD under paragraph 2 hereof ur, .t nut paiD in such manner. h} Borr,u er makmg payment, when Duc, ;iurctly to the
<br />insurance carnet.
<br />All insurance pohaes anD ronru ail thereat ,hail he m corm ,ica•plaMe to t +•nJe:.ur+i ,halt ;ndudc ., ,t.l mierd martgagc
<br />clause m favor ut anD :n form acceplahie ;o LenDrr. LrnDcr ,hall ha+c the nght ;o hull the nohar, .uni :encu ah ihci cut.
<br />and Borrower >hall promptly furnish to LenJei :dl renew al nouce, .mJ .JI ~rrequs of pat) prcnuwn, In the e, eat of kt,s.
<br />Borrower shall grvc prompt nouce to Ihr ,nsw ancc wrnei anD I ender- Lender rna} make pn,at vl lo„ It not nlaJr pnnnpttc
<br />by Burrower
<br />Unless Lender :md Bonower othena~,c ugrer m ~.a nuug, m,w aucc nn,:ecd, shuil he .:ppbeJ t„ re~tolauou al repan nl
<br />the Properly dan[ageJ, pn,vi+IeJ such rc,tutauon or rcpru ;, a.. uanu,ally leasd,lr .md .he xcw,l} of Un, Mortgage :,
<br />not thereb} imparted. It such re+RxaUOn or repro s Hat r.unonucal!t 'taslhle or q rhr ,croon .•t !his Mortgage +aoulD
<br />be unpaved, the nisurance prtKeeu, hall tx: appheJ k, Ih. ,uni+ ,caurc•J b} !ha Mortgage. -•+nh the e ,, it env, pall
<br />tai Borrower. If the Propern Is ahandanru .,, Burrowc•:..,i ~: Borraucr ta,is to responD !o I cn+lcr ulihiu `+il Ja}, Iron: the
<br />D-atr nuhce :, ntaJeJ by L.enDrr to Bul r:,w ei :het rhr m,m anar dal Her ,oleo :,t ,enlc ., .Lam I.,i :n,u truce I+euefi4. I rndcl
<br />u authonzrJ to aJlect :md appl} the uluu auu~ pn, xcd, .,; I .n.lri , „pl n:n tuber I,? testarauun .+i :ep:w al rhr Pnq,cln
<br />or to rhr wut, sr+urtJ b} Ibis Murtgagc
<br />LLi1c>s t_euder :md &u n,we: oche ru nr' .:gar -u ..wmg. .,ua .u.h .,ppuc.,iian .n pl as rC.h n, pl:uap.,i -,boil :,ot eatenD
<br />m pw(pame rhr Din: Date of Ihr nrnuhia mstahmenh ,err: red !. m paragraph, '~. .,ml ~ hereat „r ,.hengc rtn• anl.,uni us
<br />such matallmrnl,. h water paragraph !6 hs: t'cul the Pngxrn i, aayuu cJ i,+ Leudil..Ji I,ghl. 'ale an+i wlrra•.,t ~,! tiorn,uel
<br />m and W .w} msw;wrc poheies auJ m euJ . , ;he pl u..ueJ, ~.hricat :aauilmg . J.unegr ,,, the t'rutn n+ pool h. the ,air
<br />ut :rcyuisiucan .he's! ,~, tc Lende. - 'h: I ,.. , the ,un:+ ,++ a- +! ! _ d.:, xL,:: v.,+-+ L_i+. hat::; -_an; :. ukh ,.;IC ,,:
<br />a.;gUl3111U/1.
<br />6. Prearrvatba aad ~taiateuaaee of Property, Lrax holds Condwuinmal., t'IaunrD InU Uea elarpmvnls. Hot n„au
<br />shah keep !hr Property in g.wc! repau' anD ~hril trot nnumn uuste m Ixrinu :nq,au uirm w deteriurauan of the Pnrya•In
<br />and shall comply with the provnn,us a+t ,uly teaar ~t eh„ ~iw rgage . ,e h.,sd I! tit,, Mo,tµagc i, ..nn .: -,
<br />rwrdomiuwm ur a planned unu Dc+riapmc W. Bououci ,hall pr rt elm ..II of Ho: row cl , ahhgauoro .~uJel tl,e du.iarausiu
<br />ur awenants stralmg ar guwnung rhr :,a,dumuuuw rr pl,uuxd n , Jrw~lopnla•uI. Ihr by-tau, .Hal n•gulanan, of the
<br />coudummmm or ptanocd uuu dr celopmenr...nd ccmaalcnt .laconic m, It _: ,, a,.fonuntunt .. delmcJ ~. n,l :,a ,.inpm car
<br />ndcr is cxrcuteD by Horruwer aaD rrcurDrd n:gctnet uuh th„ M1lartgage. the ,aaenanl, .cud egna•naule ..t ,.h ~..
<br />shalt br mcurpurateD uuo an+l shall ainenl :uiJ ,uppicutcnt rhr :o+enunls .a u+i agiremau, of Ihls Mnngapa .a n ~ihe rnlrl
<br />were a part hereof.
<br />7. Prwertpw of Lxakrs 5ecari@. !t Burrouar t.lli, t., f,a-rtarru the ..rvan.ua, au,l e};r.cmc ms .,,urr:rlr.i .n ;ht,
<br />MautgaWc, su iI any rcbun .tr pw~redmg :, ..tnuncu«eJ ubn:h maicuuth ,what, 1 rndri , :nmu-.t is the Pn,lw n+.
<br />rrududutg,. but nut hnutrD ta~ vmrnent Juniaut, ,mol+vuc...,ic rn h,ncnuna. ~, -u iaitga•nxr.¢. ,,. w.rJiog, =: +olvng .,
<br />bankrupt ur drecJert, Ihrn t.rirdrr rt ! rtuicr, ,rpuol,, ulw±: n,.u<r Ir Ho::.'~+er. me} ,n.t V.c >u.h .q'Ixarea. r, .h,hu;,a~ , .. ~,
<br />s.aua atad l.le xuch xi tti,n a, :s nccesaary '.,: tuotc,t I rndci , .,Ii;y en1 .u.hna. `+ut ,,an lundc,d I:,, d,shar.rnuul
<br />n
<br />reasonable .Harney, fire and envy tgn,n the Yrc,pent to nzase .cpe„,- ie t,c..Drr ,egna ra .aoagagc ur.w.:u,c a, .
<br />.;rrDi:a+n .:t tuaitrnli ttn loan srau[su is} ,i..x 1d.rtg f.. tit.-r.-,,..., ,. .. .. :,..,t.ts ~y.,,rc.i ,na.l,ct ..~
<br />itUllU atwe ll: t'ilial Gntd =aw t1 tome al Et,c tt~UVeiUC.e= :ni '..n.ii - ,..+na. +. ......... .. ....I,la ~:,, '.+ , lip:,,--'.., , n.
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