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<br />UNIFORM oveNnvTS. Barrower and Lender covenant and agree as follows: "
<br />1. Payment of Principal and Interest Borrower shall promptly pay when doe the principal of and interest on [he
<br />indebtedness evidenced by the Note, prepayment and late charges as provided m the Note, and the principal of and interest
<br />on any Future Advances secured by [his Mortgage-
<br />Z, Foods for Taxes and Irisannce. Subject to applicable law or to a written waiver by Lender. Horrawer shall pay
<br />to Lender an the day monthly installments of principal and interest are payable tinder the Note, until the Note is paid in full.
<br />a sum (herein `Futtds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage. and ground rents on the Property, if any, plus oce-twelfth of yearly premitim installments for hazard insurance,
<br />plus ane-twelfth of yearly premium installments for mortgage insurance, if any, alt as t•easonabty estimated initially 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 in an institution the deposits or accounts of which are insured ar guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shalt apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender ma}• not charge for so balding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pxys Borrower interest an the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower. and unless such agreement is [Wade or applicable law
<br />requires sorb interest to t>e paid, 1-ender shall nut be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Barrower, without charge, an annual accouming of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Fur.J, 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 6y Lender, together with the future month!}' installments of Funds payabk 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 they tall due, such excess shalt be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Barrower on monthly installments of Funds. if the amount of the Funds
<br />htld by Lender shall not be suthcient to pay taxes, assessments. insurance premiums and ground rents as they loft due.
<br />Borrower shah pay to Lender any amount necessary to make up the deficiency within 30 Jays [tom [he date notice is mailed
<br />b}' Lender to Borrower requesting payment thereat.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Barrower any Funds
<br />held by Lender. if tinder paragraph IS hereof the Property a sold or the Pmperh~ is otherwise acgmred by Lender. Lender
<br />shall apply, na later than immediately prior to the ,ate of the Propeny or its acyuisiuon by Lender, any Funds held by
<br />Lender at the nine of application as a credit against the sums secured 6y this Mortgage.
<br />3. Application of Payments. Unless applicable law provides athenvise. all payments received by Lender under the
<br />Nate and paragraphs 1 and 2 hereof shall be applied by !-ender first m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, [hen to interest payable on the Note. then to the principal a[ the Note. and then to interest and
<br />principal an mt}• Future Advances.
<br />3. Charges; Liens. Berrouer ,hall pay :JI ones. as:esamrnts .utci other charges, ti ors and tmpovuons attributable to
<br />the Property which may attain a priority over this Jortgage. and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof oc rf oat part to such manner. h} Borrower making payment. when due, directly to the
<br />payee thereat. Barrower shall promptly furnish to !_enJrr ,ell noures of umouna due under this paragraph. and in the event
<br />Borrower shalt make payment J!rectl}~. Barrower ,hall promptly furnish to Lender receipn evtdenang such payments.
<br />Borrower shall promptly Jixharge any i,cn ,ehich has pnonty „per thn if ortgage; provuicJ. that Barrower ,hull not he
<br />required to Discharge any ;uch lien .o long as Burrower shalt agree m ,smug n, ihr payment of the abbgation ,reared by
<br />such hen m a manner acceptabir !e Lender, ar sha,i m gcoJ ruth contra ,uch hen ny, or ,tetenci entorczmcnt ,?t ,uch lien m.
<br />Ieg:D proceedings which oper,De to prevem the rntun'rtnem at ihr hen or h,rtrnure of the i'rope«c .,r am part thereat.
<br />5. Hazard insorance. Horrawer .hall keep the mtpn,scman[s now rsi,ung nr hcrratcer ,°re.!rJ on the Pr,,perq' :neared
<br />agmn>t :ass by tire, hazards mdudeJ wuhin the term 'rstenJed .oca age -. and ,uch other hatarJ> of : cs:Jr. :nac rauu,re
<br />anti m such ,mx,un[s snJ for su,:h ernads as f.cnder rosy :courts, pros rJrd, chat Lender ,Hall not regwrc ihaz tnc !mount dt
<br />such cos„rage exceed that amount o[ .osrragr reywrcJ [~, pas u:e sums ,ruircJ hs ;his Moneage.
<br />fYa ,asurafict =stoat pn?vtding the ?nsurance shah n _nosrn i.s_ Horrawer subfrcr ro appr,u,i hs i.+<nJer. nravrded.
<br />that such apprrnal ,hall nut be unreasonable withheld. All prannums .vt msur:utce poiiues ,hall hr paui .rr rttr manner
<br />pr<rvideJ under paragraph 2 freers[ ar. t oat pmJ in such manner. irk Borrower making payment, uitan Jac. J,ias tl} s.+ the
<br />insurartct earner.
<br />Ail insurance paiturs snJ tencu:ds [betel+t shalt he m term .~~crpt.;bic rt, I enact ,rid ,hsil ncL:d< ., ~cunLn:. -nnngagc
<br />clause m tas.,r ,•t and ;n form acceptable !o Lender. (~ndcr .hall base the rgnt ;.~ nolJ the pairnes .out ~.rrc,= i, ;her~•o!.
<br />:rod Barrower ,hail promptly turmsh to Lender all renew ul nouees .uxt .,II rccetpts .,i p;ud ~,, re n!nuns In Inc rent •tt ., ,.
<br />Barrower shall gtvc prompt nonce to the uuuran r wrote •,ud Lender. Lentiet inn} make pro„[ .a Lu> rt n. r, made pr,nnpth
<br />by Horrawer
<br />Ltnless Lender .end Bern,uer nthen,;,e agrev m „Hoof. a„u utnce praacJs shall he .gq,:,eu ~., ,e,n,r.nam ,-rt~ ,ep.ut ,,.
<br />the Property damage,, pnn:DeD ,uch restoration ,rc rcpau :, uunom;c:uiy :ca,d,lc :;rid me -~cc unr. .rt ~h:, lfr: tga{tr ~,,
<br />nut thereby unpaved. It such resnuanon or repair s not r..onnnue.dh !civble ?t a *.he uu;n•, , : this Vortg.,gr ~.+,,utJ
<br />be impaveJ, the insurance prr.eceds ,ifalE he appheJ t~~ she ,time ,raneJ n, !tn, Mon,gr7;r. , dh 'hc ~ ,t -nn prod
<br />l0 8arn,wer. It the Ptnpem !, ebauJ.,ned n, iiarn+wct- -n: i! Hnrrau ct Lu i, ~, ~sponJ !,~ i rnJcr »,ihw +i:sda,~ .,.:? •hc°
<br />Date sauce :. made) hs !.outlet w Horr.,u et that the uuu,,m r ,. at tie, „flee, i„ ... u.. , .,.,.w t.,.: -:n:u.m.c '•u,rnf, ~ I rr.JC:
<br />to ,wlhanteJ to ..ollrct snJ apply the utsm urns pt occcJs at I ender , -gn,an c,thc, :n ~rst„tan,m .•, epau .,i inr k'ropcn+
<br />or [o fhv sums >ccurcJ b} !his Mortgage.
<br />I; nlcss Lender snJ Hot n,wrr „[hens nc .,gfw :n ,.nung..un .uih .,pens,, a:•:~ ,~.. ~.,~sD, ., pi.n.!p.,i ~!;.d! .,,, .~+ten,i
<br />or postpone the due dace of the mamhh mstaitmrrt, eaten eJ t„ ,n pant~r.:pn, ~ .nu .: nets„[ .,r ,nano :r, ,tin„not :,f
<br />such tit>tullments. Il under paragraph th he real the 1't,~pem ., .,eyuu c,i !•, I,ande, .. :~.gm ; ..c .u nl ~:nr!rs! ,t ?tou..,,+ci
<br />m cud to at}" msmance puhctes snJ m snJ :+, th.• pnticrds .hr rain re+ulung ;o•~n ,u,:.tgc it ,hc I'rotw.t!. !v i:., !o - .a.c
<br />or ucqufsrt:on >hat! paw u, Leader !,• the c,tc.:.. t :+c - -c. v:,.'.- ~ 'n„ !t t _ .. , !.isle:,. ! . , ..~ . .:~ . .
<br />acymsrtton.
<br />6. Pteeenation and Jttrinlenancr ..i Properly: 1•rasrhuld+; (naduminiunts; {'tainted t tut I)rs rlupmcut.. it,n r,+.+r,
<br />shall keep the Propnrfy in gated repvur .utd ,hall nut sounuu •,u>tc of prnnn ~;np.nunrn: rf drtenor.u:.u, „I the Po,peu;
<br />trod shall comply with ihr provnfans ai :u:y tca>r ,t th,s lion gage „, - ,..:x9x,id :. sh,*t;;apc „ ,~.- .nv ,. ,
<br />condaminmm or a planned unu Je,rh,pmenl. Horn,uc•t .Hall pro,+, n, 1, „i Hot n,,sci ,•,,hhgauom ~,r,oc, N,c ,Iea.u .n„:n
<br />ar covenants errntmg ar gavenung the ~,nidanuunnu :. y~,an uca ..n~i ,iavnrpntent ,hc hs .la,s, ,uJ rrcu L: u, n,. ,-t ~,hr
<br />condomimwu of planneJ amt Jeve0.,pment, snJ , n,utuew :I,a uu,cnn II -, .„n,i,mnn!,un ,~, !~l.,mu•d ~:n ., :vl.,;,,ucni
<br />rider n rxecuteJ by Borrower snJ rer?,rJed n,grthn »nh fhn N,rttgags ine ,_a, cn.uus .nnl .,gt rcu,enh ,.f ,u.n ,~,ir~
<br />shalt be utearparateJ uua auJ shall un,rnJ auJ wppkmrm rite u.,srn,um snJ agrcemc•uts ,v th„ ltongagr .n it ihr ~tde,
<br />were a part hereof.
<br />7. Protection of Lender's Security. It Bon nisei r:uh to pa•tiunn the .uvenau,s .,rid .,groentrnts .,~ut.uncJ ~ ih!,
<br />Mortgage, ar it any atttin or pu,eeedmg is camnln ucc•d »hnh n:.deuully ,d'r.ts Iru,:et, ~na•rrst m ~.he Pr„prin.
<br />including, but oat hooted ta, emmont dumuut, mwlvrnry..ode nJw cc•n:cm, ,,. at.n=genteel, „ ^mceedmg, ,nsch n,{; _,
<br />bankrupt m' De.:rdent, then I-ruder at Leude^'s opu.iu, ulxn, oot„c ,o How ou c,. ~, , mnke ,uJt , ppearauce,_ .ushw,c -uch
<br />sums and take such ucttan as is necessary u, protect I cnder'c interest, ntcludnrp. but mx Inuned Io, d,~hu aenm,n ~~!
<br />reasonable attorney's tees and entry epau the Property to make rrpnu, II I ender rcym red uto,tgagc o,sw unn• .,.
<br />U?ndn:oo at ntakmg the loan secareD by th,s Mortgage. Hon„»rr >haii pay :hr oni,uuun rrymroJ t„ m:ant,nn .u.h
<br />msur.mcr in rlfect until such time m the reyuiremrni tat +uch unr, ru,cc n,uu.i:tn•, •n ,..atdnu„ ~.,,tn How „we,-, : u+i
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