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<br />Uvtt=oxtf Covet:eN•rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interst. Hnrrower shall promptly pay when due the principal of and interest nn the
<br />indebtedness evidenced by [he Note, prepayment and late charges as provided m the Note, and the principal of and interest
<br />on any Fu[ure Advances secured by this Mortgage.
<br />Z. Funds for Ttt:es and hsurance. Subject to applicable law er to a written waiver by bender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, unfit the Note is paid in full.
<br />a surrt (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 instalments for harard insurance,
<br />plus one-twelfth of yearly premium installments tar mortgage insurance, ii any, all as reasonably estimated initially and from
<br />time to time by tinder on the basis of assessments and bills and reasonable +=stimates thereof.
<br />The Funds shall be held in an institution the deposits nr accounts of which are insured nr guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance premiums and ground reins. Lender may not charge }or sn holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable taw
<br />permits Lender to make such a charge. Bcrrower and tender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall he paid to Borrnwer, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not 6e required to pay Hnrrower any interest or zarnings nn the eds. 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. The Funds are pledged as additional secunty for the sums secured
<br />by this Mortgage.
<br />If the amoum of the Funds held by Lender, together .with the future monthy' installments of Funds payable prior to
<br />the dnedates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount requited to pay said taxes,
<br />asessments, insurance premiums and ground rents as they fall due. such excess shall be, at Borrowers option, either
<br />pra~mptiy repaid to Borrower or credited to Borrower on monthly mstaliments of Funds. If the amount of the Funds
<br />held by Linder shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower sfiall pay to Lender any amount necessare to stake up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requevting pa}'mem thereto.
<br />Upon payment in full of all sums secured by [fits Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under naragraah I8 hereof the Propertn_ is sold or the Properro s otherwisz acgatred try Lender, Lender
<br />shall apply, ao later than immediately prior in the sale of the Property or its acqutvaon by Lender. an}' Funds held by
<br />Lender at the time of application as a credit against the sums secured by this linrtgage.
<br />3. Application of Payments. Unless applicable law pmvtdes otherwise. ail payments recetved by Lender under *.he
<br />Note and paragraphs I and 2 hereof shall be applied by Lender tint >n pa}ment of amounts payable io Lender by Borrnwer
<br />under paragraph 2 hereof, then to interest payable oa the Notr. then ;,~ thz pnnanat of the Note..md then to interest and
<br />principal on any Future Advances.
<br />b. Res: litns. Bnrrowver shall gag al! taaes_ :<sses,ments ,:nd :,thtr cnarees. rides and ~mnosiuons attnbutablc to
<br />the Propert}• which may attain a prority cn'er thts Sortgage, and leasehold naymen[s or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof nr, tt not patd m such manner. by Borraurr making payment. wvhen due. tiirectlp to the
<br />payee thereof. Borrower shall promptly furnish to Lender a;l notices t,t amounts due :order this paragraph, aad in the event
<br />Borrower shall make payment duectly. Borrnwer ,hall prontpily turmsh to Lander receipu eaadcncme such payments.
<br />Borrower shall promptly dischazge any lien •.. tttw:lt has pr;urtty ovrr this itortgagr. ;trow';ded. that Horrnvvzr ,hall not he
<br />requited to discharge any such lien ,n :nog as Borrower shah agrze m ++nung to the payment of the ohbgation ,ecured by
<br />such lien ir. a manner aclegtabie to Lender, or .hall .n good Earth conte,t such lien fiy. „r tiefznd emorcrmer,t of su.h lien m,
<br />legal pra.cedings which operate [a prevrm rh;; rnforcrment of the I;en or +oRe:mrc of the Prcprm~ ~,r an} Hart thereof.
<br />5. Hazard Ltsutance. Borrower shall keep the rmprowement, na+u ca:snng +,; hereafter erected on tht: Pre+perty insured
<br />against 1'tss by fire- hazazds included w-ohm the tram ~~,:ended .uverage~~. anti su;h other hazards as Lender tnati~ req:ure
<br />and +n such amnants and 1nr such pcnods as i.ender m:t} reyurn: l~r<.~a~,dewi, ;hat lender ,hall not rrye,cre that the am,?unt ui
<br />such coverage exceed that amount of coverage rt-quned to naa~ the ,urn, <e~ured ha thr; \tortgagz.
<br />The ianurance earner grnvrding the tnsursoce ,ha31 be :ho,ta i~v &trrouer subltct to appn,vai ha ! cndts: pro+rdzd,
<br />[hat such approval shall ant be unreas<tnably u•iihhrid. iii prrminms <tn ansauatur potac[es ,hall re pat., ;n the manner
<br />provided under paragraph_ herent or, ;( not pat.i rn .arUh manner. law Berrnwwer :nak;ng payment, when dut..irrectly to the
<br />insurance earner.
<br />.•V(insuran:e goitcres and reneav.+3s thtreot -,kaki !n- to corm .,. eptabie .0 1 e,t„rr .:nd ±Stai::t.,i ;de ; .t.ns>Ltrd mongagt
<br />cfatrse in favor nl and m form accegtaltle to Lender. Lender -ts.~il •hawt rite ; r,ht °. ;told :ne p.,it.: r, ar,+i :: rrw:J~ thert<,f.
<br />sod Bono-wor shall pr'ompt'ly furarsh in Lender all rrntwai Hoer>~e..~ud sal Te~erpt> os Held r: rttutm:. In the Gwent ei la,s.
<br />Borraver shat.( eve prompt nnuce to the tn~uunee canter and Under t ^rv7r; nt.,} ntakr ptc.n o; Ion, ;t n»t made pu,ntpti}
<br />by Bnrrawer.
<br />UniCSS T,.ender ~d Bovower a[her'++„e agree tr. wntntg. ,a,urance t•r>,..er.;. ~hxai ?~~ .=ppued t>+ t<•,ior,.taon r+t reparr of
<br />the Propert}' damaged, prnvtdtd nu~h reetotauott of r p- r n~ m lac h?c ,.:>! :h< ~r urti ~t '-t;s 'v9tngage ,.
<br />not thereby impaired. if such restorauon or rtpau is not +~>n.,n ,~ „<} a .f 4< •r ' 'hr ~c. ut; ~ t ht, 'wf t3 g< ++'awid
<br />tfe impaired, the :nsuraace prxeeds ,hail bz appited to ihi ,t':-tts ,<,utrd t~l ;firs titiartgagc. .,,th ;. e caac;s. ;t :.n}, pard
<br />to Borrower. if the Pro~r.} is abandoned',; #torrowrr, or ,t Hnrrowrr !a,., ~n rcs~md :a 1 antler w-t[!?~n ,o dale trout tha
<br />date trance is marled b}' Lender [o Borrower that ;itc msur;,n,r :.arr;tr .fie[., '~..- ,ct;k :..,.:;rn t, r ,nwren<r i,enrtit.. t cutlet
<br />is authorized to znllat and apply the r;,xw'anct prncr~ at lsn.irr, nptron «tirer w rr [orara~ti or repau ar the Prcpem-
<br />or to the sums secured by this Mortgage.
<br />Unie>s Lender and Bn tower athes~+rse agrze :n w„slog. an..a.r, ~ppi;.~t;.>;; ,,1 :xo<reds ru p;;m;t:at :tail no[ extend
<br />nr posigane ttte due date al the mnnffilc instal3mera, referred .>... ;=atagrep ', .:zed ., e.,t ~r ;hangs ;hc amamm ,
<br />such iasull~nenG. ti utter paragraph :;+ hereat the Proptn} ;, a>uu;rrd h+ !xndet. _Jt nght. ;,tit rod trr;zresa of t3orr,..:cr
<br />is and in any insurance ~Lieies and in and to the ; rxetds t~rtut to:>Jit.ng in+at .iantago t„ ,he Propel ~+ Ire;>-r to the sic
<br />ar aa.giliSiLOn shall pass in Ltrider to the rated o: `-35e nutria secured ;,} [fits ?~i o; tg.,gr ,n,mc.ltatei, ~rtot :n ,~eit ,_u< ,~t
<br />acquisition.
<br />6. Prtiserealign. and ltain[enaoce n# Propene: Leaxhrtids; t andominiuurs: Planned t_-nit Uee elapuwnts. iturro+..:+
<br />shall keep the Property in good repair and shah not ~itmmit waste i~r permit :mpa,rmzr;: ~~. drttriotan,;r; „f the Prnix.n~
<br />a[sd shall comply with the provisions of any tee tf tTUa Merigage :, ;,tt .; ,reazhvld_ it th;, atou4agc t, +,;~ t~ntt .n .;
<br />condominium nr a planned unit dewelopmcnt, Htycrower s4taii ;.erf+tnn all «f Horntwwer s ,~~tti;g.,t+~n, under tttc declan[u<>n
<br />or covznanix creaung or governing the condont,nwn:..+r planned in~ar dtwela,pntcat, the by-iatiw, ..rid rcgt;isuo;,, ,~t rhr
<br />eondorninium or planned unit deveinpment, newt e<,nstrucr,t ilo,uma,aw. it ., .ona..aummm ur ni..u.;td curt ,ie:cl,,p;uet,t
<br />tierce i3 exerzttad by Borrower :and recorded iagtther uvh thts M<?ngagc. the .oacriauu and agrc: n;cntr ~,t ,,;ah ndrt
<br />shall be itt:orporated into and shall amend ant ,uppiemenr thz cow rnant, aril agrrcutcn[s >~t rh„ h[ortgage a, ;t tl:c rrdet
<br />wera a pare her:af.
<br />7, Protarlion of Leude2s Security'. If Boaaw tt ta.le to pcrtorrn the coacnants <,ud aea tcnurts .,,..,a; azJ :u ih;e
<br />Mortgage, or if nay ac'tttiZr tr prcxu'tltrio <ntr u d ~h h nairialit .treat l Jet ~, r t>i !n tits E'r.+p<r'a.
<br />iocluding, but roll limited ta, tminttu dama+n us'4t~ :ode v- nt<t t .rrr.ea }, to nts : t ~ ImJ, rv.rt+tnlt ,
<br />bankrupk or decedent, then Lender at Lead rs ~ ,a, upon oat; G H?tr> ;,a} make su.h .;t,pwry,., h. i,u,,: ;;.h
<br />Sums and take such as;iion as rs necessur} iu p. Gtc~t 1 ender' .t-_ir s[- ~<.+Jmg_ ben ,tot lutn a•d t.• it ba Heron ! ~ ,
<br />reasonable attorneys fee;r atut entry upon the Property to make tcgasts_ St i.erdrt requucJ tn~onhagc :,;-..:,..,.~> .,. .~
<br />eondirdon of tnaicing the loan sw~sred 6y the Most};ag~ E3r,rav.ar s6:d, ;~ •, the ptenuumn ry„;,cd t„ uwua_,;u ,,, ;,
<br />insurance in etTeci turtil >uch time as the rc<Iwr: ureut f'rr u,ch .nsurar._c ~-un„a;tr..n .,_~.,,darw <,;d, H.,::.•,: r, -. :nJ
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