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<br />UNIFORM COVENANTS. BOrrower and Lender COVenanl and agree as fCIlOWS: ''-
<br />f. Payment of Principal and tnteresl. Borrower shall promptly pay when due the principal of and interest oas"the '~
<br />indebtedness evidenced 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. Funds for Tapes and lasuraace. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender onthe day monthly installments of principal and interest are paypbl@ under the Note, until the Note s ppid 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 on the Property, if any, plus one-twelfth of yearly premium installments ,far hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably 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 ins+itution 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). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground.renls..Lender 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 Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing a[ the lime of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is-made-or appiicable~-taw
<br />requires such interest io be paid, Lender shall not be required to 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 'ids 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 />by this Mortgage.
<br />If the amount of the Funds held by Lender, rogezher with the future monthly installments of Funds payable prior to
<br />the due dates of [arses, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be stifTcient to pay taxes, assessments, insurance premmms and ground rents as they fall due,
<br />Burrower shall nay tc Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shat! promptly refund to borrower any Funds
<br />held. by Lender. If under paragrAph- 1 g hereof the Propery is sold or the Propeny is otherwise 3cgwred 6y Lender,. Lender
<br />shall apply, ao .later fhsn immediately prior tc *.!te sale of he Property or its acawsitinn by Lender, any Fund; held by
<br />Lender at the time of application as a credit against the sums secured by this MotYgage
<br />3. Applicatioe of Payments. Unless applicable law provides otberwrse. ~ all payments raceiced by -Lender udder the
<br />Note and paragraphs 1 and 2 hereof shalt oe applied by f-ender fist m payment of amounts payable to Lender by Borrower
<br />under paragraph ?hereof, then to interest payable on the Vote, then txr the principal of the Vote. and then to interest and
<br />principal on any Future Advances.
<br />S. C6atttes: Ixns. Borrower shall gay all taxes, assessrttents and other clsarges. fines and tmpositinns attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehn!d payments or ground rents, if an}', in the manner
<br />provided under paragraph 2 hereof ar. if not paid in such manner h} Harrower making payment. when due. directly io the
<br />payce thereof. $orrower shaft prampdy furnish to Lender asi nnuces of amounts due under this paragraph, and in the event
<br />Borrower shall make payment drrecth~, Borrower shall promptly ntrnish to Lender receipts cetdcncrnG such payments.
<br />Borrower shall promptly discharge any lien :vhsch has p.nonry over this !siortgagc; provided. !hat Borrower shalt net be
<br />required to discharge any such lien so long us Borrower shall agree in venting to the payment f,t the ohhgauon secured by
<br />such lieu io a manner acceptable to Lender, or shall m good faith contest such Lien bc. ar tietend enforement of such lien m,
<br />legal proceedings which operau topreveni the tnforcement of the lien or forfeiture of the Propeny or an}• part thereof.
<br />5. Hat+ard Irnitnnce. Borrower shall keep the improvcmems now cxrsune ar hcreaher ercaed on the Irropery insured
<br />against loss try fire, hazards included within the term "extended coverage". and such other hazards as Lender may require
<br />and in such 'amounts and for such periods as Lend- may require; omvided, chat Lender ;hall noz reyutre that the amount of
<br />such coverage exceed that amount of .overage regwred to pay the amts secured h}' This \tortgagc
<br />The insurance carrier providing the insurance shall be chosen by Borrower wbject to approval by Linder: provided.
<br />that such approval shall not be unreasamably withheld. All gremtums an insurance po}icses .hall be past ~n the manner
<br />provided under paragraph Z herons or, :f not paid in such marier, by Borrower making payment, when due. directly to the
<br />insurantt cazrier.
<br />AH insurance oolretes and renewals theteni shall be to form acceptable to Lrndcr and ,hail uiclude :+ +tandard mortgage
<br />clause in favor of and is form acceptable t.i i_t:nder. Lender shall have the right t.+ hold the policies and renewals thereof.
<br />and Bertower snail promptly Foraish to Lender all renewal nooses and all receipts of yard premiums. to (hc event of Ie,s.
<br />Borrower sha91 give promgt ratrc~ to the insurance ca:-r;er a::d 1_ender. Leader ma< make proof of loss a not made promptly
<br />by Borrower. -
<br />Uniess Lender and Borrower otherwise agrcz in wrung. insurance proceeds shall be upphed to restoration or repair of
<br />the Propetty damaged, providers veep restcranon or repair is ccunnnrically feasible and the scouts} of this Mortgage u
<br />riot thereby inpaired. Lf sash reuorauon er repute is not cconom=.catly ie:ts!ble or :t the secuniy of this !xtortgage would
<br />be impaired, the ~nsurance proceeds spa!! be applied to the stuns secured b} this \i.rrtgage. uirh the excess. if nny, paid
<br />to Burrower. If the Propeny a ataandaned h} Borrocarr. or .t Burrower fails to n:spond to Lender within ?U days from the
<br />dace notice is mailed by Lender to Borrower that the insurance rawer offers to scale a ~laun for insuratce bonaEts, Lender
<br />is authorized i0 ec+llecc sod agpiy the insurance proceeds at Leader's epuoe either ¢r restorauon or repair oY the Prolxnv
<br />or to the stow secured try this Mortgage
<br />Unless Leader a~ Bo:TOwer oihetu,~ agree rn wrung. art} s_ierh apghcaugn of p-o:.'eeds w principal shall oat extend
<br />ar postpone the due date of the monthly installments rzterrzd to m garagraph+ i and '_ here<~[ or :hange the ammmt of
<br />such installments. if under garagraph IR hereof the PrWpert} ss acquired h} Leader, all right, talc and ;merest of Bnrarr<er
<br />in and to any insurance ppii:.ies and in and ro the proceeds thcreot resuhing from damage to the Propeny poor u, the sale
<br />or acquisition shall pass to Leader to the cxiem of the summa secured by ihrs Lt;xtgage rcrmedratel}' poor t,r suc}r sale et
<br />acquisition.
<br />6 Presenatiua and \Ifiateeaace of Prroperty; Leaseholds; t.'2udomioiums; Planned l-nil Ueceiupntrnts. Hernrewr
<br />sitail keep the Property in good repair and shall no: comiuit waste or permit impairment or deterioration of .ue Property'
<br />and stroll comply with the provisions ul any lease tf this Mongage is c=n a tmaaeh<,Id. If this 'rtattgagc a tar .i amt in a
<br />condominitun ar a planned oust develupmuti. Borrower shat3 perform ail ut Aarreneer's ,rbtrg^nons under the de~iaraii:xt
<br />or covenants creating or governing the condomtmum or letnnnrd urn da.vcisrpnt~nt the try-taw. and rcgut:uions t,f the
<br />condominium or planned unit development, and constituent documents it :r condoutmiitm or planned lino .1rt.l,rpnr::r;
<br />rider is executed by Borrower and recorded sagether with this M,vtgagv, the covenants .:ind agrt•ements of such Cider
<br />shall be incorporated into artd shag amend and supplement the coy-counts an<f agrermrnts of the, Mortgage ac it the. n.fc;
<br />were a part hereof.
<br />7. Proteettoa of feadrr'a Security. If Borrower fails w perform the covenants and agrecmenti contwned iu thy,
<br />Mo.-tgagt, err if rwy action or pto4es~dLnb is cv~mmcnced u-hrcb nt2terialiv aHtcts [.e.n<iers intctest m nc~ Proper,r.
<br />including, but nut Strolled t©, etnitteri dtarnain, iasc'.h•^_ai:}. cede enforceinetat, ear arrangenienfs nr pr,a~eedirrgs ire.riving a
<br />hauk.rupt or deced¢nf, then lender st Lcuder's option, upon nauce to Btxrcnaer, tut:} make such al+t~ararr.es, ill+tarrse ,u. h
<br />stars znd take such action az is necessary to prote.i l..ender'c interesi, including, but not iinntc•<i r,:. d,tihrr[tientent , •
<br />reasonable attorney's fees and entry upc.n tt.,, Property to rnaka tcpavs. It Lcnrlcr rrqutred mtv:gago rnsvr:,n.e .n a
<br />xi;idsiion of malting the loan xecurnd by tots Rhtrtgage, Bi7rru.va~ anal; ,rue ;hc ptetniums reyurreil i..= rnaintaar r>>:h
<br />insurance frr efikct unlit such time as the reyuueuient far cetera tnsu:anre t.rimurates +n arcordun.c wnh B,+rn~wcr', ..•-..
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