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<br />UNIFORM CovExeyrs. Harrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednus 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 Taxes acrd insurance. Subject zo applicable law ur [o 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 "Funds") equal to one-twelfth of the yearly rases and assessmenu which may attain priority over this
<br />Mortgage, and ground renu on 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, all as reasonably estimated initially and from
<br />time !o 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 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 renu. Lender may nor charge far 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 />permiu Lender ro 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 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 pay Borrower any interest or earnings oo 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. The Funds are pledged as additional security fc .he sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together u=ith tha ft;tare monthly installments of Funds payable prioc to
<br />[he due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and around rents as they fall due, such excess shall be. at Borrowers option, either
<br />promptly repaid to Barrowtr or credited to Borrower an monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufftcieat to pay taxes. assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shah pay to Lender any amount necessary to make up the denciency wit??in 30 days Irom the date notice is mailed
<br />by Linder to Borrower requesting payment thereof.
<br />Upon pa}'ment in furl of ail sums secured by this 4iort~age. tinder shall promptly re0md to Borrower any Funds
<br />held by Lender. If under paragraph i8 hh:eof the Property is sold or the Property a otherwise acgwred by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property ar its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by thu 4fortga¢e.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 cad 2 hereof shal3 be applied by Lender Iirst in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, ihtn to interest payable oa the \ote, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. CharSer, Liens. Borrower shall pay all taxes, assessments and other charges, tines and impasittons attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such man,.er. by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shalt promptly Ivrnsh to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directty, Borrower shat' promptEy furnish to Lender receipts evtdencmg such payments.
<br />Borrower shall prompt}y discharge any ':ion whtclt has pnonry over this Mortgage; provided, that Borrower shall not be
<br />Inquired io discharge nay such lien so long as Borrower shall agree in wrung to the payment of the obb_ation secured Sy
<br />such lien in a manner acceptable to Lender, or shall in cod t"with contest such lien by, or defend entorcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or torfetture of the Property ar any part thereof.
<br />g- Hazard Iasarance- Bazrow~er shat] keen the ,mrrovements note existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term '-extended coverage'", and .,uch ether hazards as Lcnde; may require
<br />and in such amoerts and for such periods as Lender rosy require; orovtded, [hat Lender shalt not require that the amount et
<br />such coverage exceed that amount of coverage requ+re., :o pay the sums secured by this Mortgaee.
<br />The insurance cazrier providing the insurance shat{ be chosen by Borrower subject to approval by Lender: provided.
<br />that such approval shall not be unreasonably withheld. Ait premwms on insurance polices ;hall he n~id ~,n the manner
<br />provided under paragraph Z hereof or, rf not paid in such manner, by Borrower making payment. wher. due, .:irectl}' to the
<br />insurance carrier.
<br />All insurance policies cad rencwas thereof shall be in Corm ac::eotabie to Lender cad shall include a standard mortgage
<br />Clause in favor of and in farm acceg[abi:. to Lender. Lendu shalt have the right to hold the policies and renewals thereof.
<br />and Borrower shalt promptly furnish to Leader all renewal notces and atl receipts of paid premiums. in the event of loses
<br />Borrower shall give pramgt notice to the itis'urance c__.._r and Lender_ Lender may maAe prop; of ;ors ii not made promptly
<br />by Borrowu.
<br />Unless Lender and Borrower otiterwue agree in -~• ritrng, imurarce proceeds shat] be applied to restoration or repair of
<br />the Property damaged, provided such restoravon er reaau is eccrtomicatly tensible and the security of this Mortgage rs
<br />not thereby impaired. if such restoration or repay a not economrcally feasible or if the securuy of th.s Mortgage would
<br />be impaired, the insurantt proceeds shat; ere applied to the sums secured by rhea Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned b} Harrower, of ii Borrower faits to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that ;he insurance carrier atlen zn setzie a claim for insurance benefits, Lender
<br />is altthoriztd to coffee[ and apply fit 1n5ntar]Ce prOCetdS 33 L2P.deC S option either to restoration ar repair of the Property
<br />or to the sutras secured by this Mortgage.
<br />Unless Lender and Borrower o[nerwtse agree :n venting, any such application of pni~eeds to ormctpai ;i]ett oat extend
<br />or postpone the due dale of the monzitiy in~taiirttenu referred to in paragraphs -_ hereot or chare the amount of
<br />such installment;. if undo paragraph l3 'hereof the Proper[} is acquired b} Lender,fall right, title and interest of Borrower
<br />in and to any insurance paiicies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall pass to Lender to the extenz of the sum, secured by Chu ~tortgagc rmmediately prior to such sole or
<br />acquisition
<br />6. Preserratioo and.siaintenaraee of Propert}; Leuehotds; Candominiums; Planned Lirti[ Developments. Borrower
<br />shall keep the Property in good repair and shall no*. commit warm or germtt imgasment or de[criuration oI the Property
<br />and shall comply with the grovisior[s of any lease tf this iortgage .s tin a leasehold. Ii reels >lortgage is on :, unit in a
<br />condominium or a planned unit development, Bt:ruwer ;hall perform art of Borrower's obligations order the declxrauon
<br />or covenants creating or governing the condominium or planned volt development, the by-laws and mguladons of the
<br />cotidominittm or planned unit dtvelegment, and constituent dn.~uments. li a condominium ar planned unit development
<br />rider is txtcuted by Borrower and rt:enrded together w+th Chu Mortgage, the covenants and agreements rat ,uc:h rider
<br />shall be incotpocattd into and shall amend and supplement the cotenants and sgree.nents of th,s Mortgage as .f [he rider
<br />were a part hereof.
<br />7. Prolectfon of Leader's Security. if Aorrower fads to perform the covenant, and :tgrccmenu conta,ned in this
<br />Moftgaee, or i# any action ar proceeding is eommencetl tvhsch materially affects Lender's interest in tha Proper>,
<br />including, but no[ timifed to, eminent domain, insolvency. code enforcement, or arrangements or pro: ecdings involving a
<br />bankrupt of decedent, then Leader at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />sums and take such acting as is zxerssary [o protect Lender's mteresi, ~ndudmg, but not itmsed to, drsbursement of
<br />reasonable attorney's fees and entry upon r`.e Proptnq~ to make repass. If Lender roquirad mortgage m.wrunce as
<br />condition of coaling the loan sttured by this Ltcagage, Aorrou cr shat{ ?ay the prenuums recurred to maintain such
<br />ittsurwee in elfeci until such time as the requirement for such insurance terrnutates in acca donee with Borrower's and
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