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<br />UNIFORM COVENA N7s. Borrower xnd Lender covenant and agree as follows •
<br />t. Payment of Principal and Interest Borrower shall promptly pay' when due the principal of and interest un the
<br />indebtedness evidenced by the Nate, prepayment and late charges as provded in the Note, and the principal of and interest
<br />nn any Future Advances secured by this Mortgage.
<br />2. )htitnds for Taxes and Insurance. Subject to applicable taw or to a whiten waiver by Lender Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, anal the Note is paid in full,
<br />a sum (herein "Funds'") equal to one-twelfth of the yearly taxes and assessmems 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 />plan one-twelfth of yearly premium installments For mortgage insurance, it any, all as reasonably estimated initia8y 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 nr accoums of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an insfinttionl. 1-ender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessmems and 'Dills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender t:, make such a charge. Barrawer 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 sha8 not he required ro pay Borrower any interest or earnings on the Funds. Lender
<br />shall give So Borrower, without charge, azt annual accounting of the Funds showing credi+- °nd debits to the Funds and the
<br />purpose for which each debit to the Fonds was made. The Funds arc pledged as additiotiat security for the sums secured
<br />by this Mortgage.
<br />[f the amount of the Funds held by' Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground eons, shall exceed the amount required to pay said taxes,
<br />assessmems, insurance premiums and ground rents as they tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground renu as they fall due,
<br />Borrower shall pay to Lender any amount necessan' to make up the defiaency within ±0 days from the date notice is mailed
<br />by Lender to Borrower reauestinc payment thereof.
<br />Upon payment in full of all sums secured by the Morgage. 1-ender shall promptly refund to Borrower any Funds
<br />held by Lender. if under paragraph iS hereof the Propene is sold or me Properrv a otherwise acquired M~ Lender, Lender
<br />shall apply, ne later than tmmediateiy poor to the sate of the Properly or us acqursttton by Lender, any Funds held by
<br />Lender at the time of application as a cmdit against the sums secured by this hortgage_
<br />3. ?-pplicatiion of Paytoeats. Un;ess applicable law prov,des othentise. all payments roceived by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall he appbed by Lcndcr first m payment of amounts payable te. Lender by Borrcwer
<br />under pazagraph 2 hereof, then to interest payable un the Note, [hen to the pnncrpal of the Note, and then to interest and
<br />pnncipal on am' Future Advances.
<br />4. Chartres; Liens. Borrcwer ,hail pay ati taxes, esscssmanu .:nd ether charges, tins and unposnions attnbutable to
<br />the Propert}' which may attain a pnnrin~ over the Mortgage. and leasehold payments or pruned renu, if any, in the manner
<br />provided under paragraph 2 hereof or..f not paid m such manner b} Borrower making payment, when due. ditecti7 to the
<br />pa}-ee thereof. Borrower shad promptie~ furnish to i.ender alt ncuces of amounts due under this paragraph. and in the -vest
<br />Borrower shall make payment d,rectiy, 8ortawer shall premptit turnuh ro Lander receipts etidencmg such payments.
<br />Bor[ewer shall promptly discharee any aen wish has pnontc over ih,s Mortgage: provided. that Rorrc,wer ,hail not be
<br />required to discharge any such Lan so long as Borrcwer shad agree h, ttnnttg to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender. or .hall in good faith comet such Tien by, or cietenii enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of ,he Len or torfeimre of the Property or anv par[ thereof.
<br />5- Hazard I~nrance. Borrower shall keep the mtprocemen[s amt cxisnng er hemaitcr erected on the Propert}~ insured
<br />against loss by fire, hazards included wtthm the term 'extended coxer-.,ge`, end such oche[ hazards rs Lender may require
<br />and in such ,means and for such periods ss I-ender ntay require; pnx~ided, that Lender ,hail not regmiro that the aroounl e[
<br />such coverage exceed that amaum of coverage r~ymred to nay the ,ums .ecured by this Mortgage.
<br />The insurance carrier providing the insurance shall he chosen by Born>xer subfect to approval by i_ender. provided,
<br />that such approval shall not be unreasor==ably withheld. III premiums an imuranee pofures shalt 'te paid ;n tiie manner
<br />provided under paragraph 'hereof or. 'f not pa,u in ;uih mamter. ht Borrcwer making payment, when clue, :?tree@y to the
<br />insurance carrier.
<br />Ail insurance policies and reneuais thereof shall br,a form .,cceptabke n-~ f_en.ler .>nd shall n,eludc .+ ,tan,L;ni mortgage
<br />clause m favor of and m form axeptable to Lender. Lender ,hall hate rite right n, hold the paitc ies anJ renew als therco[.
<br />and Borrower shall promptly- fumtsh to Lender ail renewal notices anyf ail receipts of t,atd premium,. In the etent of h„s.
<br />Borrower sltail g,ve prompt nonce to the insurance earner and lender. i ender mat n,a}.e proot ;+t toss :[ not made promptly
<br />by Borrower,
<br />l mess Leadar and Barrow-er o[hecx tic agree ir, wrirutg, msurancr pro. ecds shall he appLed to r~•st.~tmiau or repair of
<br />the Property damaged. pmvi:Ied such restoraucn ni repair is c~onom,~el3y ~ siblr : nd *.he ~e. nett} i,f chi, Mortgag% "
<br />not thereby impaued. if such resiorat:on or repair a rn,i eon.+mic.:-ii} ! .+,ih3r ui !t ti,c ;cwri[, of this Mortgage would
<br />be impaired, the insurance pnz.;eeds shall 6e aaphcd t„ the sums sc:;iie,i ht this Monage „~stt +he eu ys, if any, paid
<br />m Bert rower. it the Property ~ abandoned ;,t liorrnw er, or :1 Bora,wcr tmis~to rrspouo to I ender wuhtn i6; days from the
<br />date twt,ce s mailed by Lender r., Borrower t#,a[ the +n;urunu- corer niter, t„ ,e?s!e .:.nano ter insurance henehts, Lender
<br />u authorrzed to collect and apply the insurance procc°eds at Lcndefs ,pier+tt either t., +raw;at;on o, ^epair of the Pro~;rty
<br />or to the sums secured b} this Mortgage.
<br />Urdess Lender anti Borrower othent tse agree m wrn:ng, an} sucb appi,..auor, ,,t pr+,, ccd ac pn nc,p }I shall not extend
<br />or postpone tt+e due dote at the montitie uistallmems referred to u, paragraphs .,=.td ~ here+t c. ihar,gc the amount n.
<br />such tnsiaLmcnts. 12 under ,paragraph it; hi roof t}te Property „ :tcywn.: }+} Lender, .iii sigh[. !itlc and ,merest of Borr+,w cr
<br />in and to an, snsuranca pvl.sies and in and to the proueis there.ti resulting train du„age ro [hz Propert} prior to the sslc
<br />or ae;quiatt~n shall pass to lender to the e3tent of the sums secured h} thu ~luctg.,ge umned:atdy- poor t=; such salt ar
<br />acquisition.
<br />E, Preaen anon ,tad ilttiatenaace of Yrriperty: Leaseholds; toudominiunts; Planned Lnit 13cvelupmcnts. Borrow cr
<br />staall hs.ep alu Prcpeny in gaX3 ragair end shat( cwt commit ~nutc or perm,t ~mpa,rmera e,r deterioration of the Propert}
<br />and shal3 comply with the provisions of any lease ,1 the Mortgagu s .,tt s 3enset;uld_ tt th s., .Ltortuage a tin unu m ~
<br />zondomin.ium or a plartmed unn devciopme nr. Brxnnecr shall perfarm all tti Borrowers rd,hgui:.+ns under the dcdaraLun
<br />or ,.ovenans ercaumg or gaverning the condominmm ar planm:d suit dCvthipn,rat, the by-laws a,ic! ,cgulations oi' the
<br />wndominium or planned unit development, and consiuucni datum<,tt+. It a .on,iointnium i+r pl.,nrcd niut dc,ciopn,en!
<br />rider is extcutcd by Borrower and recorded together xith [his Murigaee, the ;:avcnants and akrcen,tr.[, .,[ ,uch odor
<br />shall be meorporaied into and shalt amemd and supplcmern the cotenants and agrezmeuts at this Mortgage .,s it she rdnt
<br />were a pan hereof.
<br />7. Protection of LetodePs Security, Ii Borrower ta,ls to pcrturm the covenants and a~recmcros c.intaiised .n [his
<br />Mortgage, or if any action or procetding is cnmtncoccd which materia!fy .,Gals t_er,iers uttares[ ,n the Propert},
<br />including, but not limixe3 to, eminent domain, uiaalvvncy. code er,torcement, of .,rrangcinents or pri ,ccedings invoicing a
<br />bankrupt or deccdt;nt then Linder aE Lender's cypti:rsi, upon notice io Batrotrer, m::} n,a!.e :e:,.h :,1,}'c,u.:r.:c,, .t:shuisr ,i:ch
<br />sums and takt such act~ian ax is nacessar} [o prated Lender's ;n[crest. mcludutg. but net limned t+,_ ;h,bmscna-nr ,~t
<br />reasonable attorney's ft+es and carry upon the Properly u:, make iepairs, fl laoder rcgx:ired inunriuye utsuiancc as .:
<br />condition of making the toatt secured by this Mctgagc, BO17Vl-. ~+ ;ahal? pay she premunnc regar, e4l is mainta,n su.,h
<br />insurance Ki cG'ect until sucte tune 05 [he requuemem for Haub u,s:•€ancc tcr[ama[ca in a.corda„,c n-ah Boi n+w er', and
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