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<br />U*rtaoxM Covaxturs. Borrower and Lender covenant and agree as follows:
<br />i. Payment of Principe! and Interest. Borrower shall prorngtly pay when due ?he principal of and interest on the
<br />indeb?edress evidenced by the Nate, prepayment and late charges as provided in the Hots, and the grincipal of and interest
<br />on any Future Advsnces secured by this Mortgage.
<br />2. Farads fnr Taws aad-Iaspraace. Subject to applicable law or to a written waiver 6y Lender, Borrower .Mall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Nate, anti! the Note is paid in full,
<br />a stun (herein "Funds") equal to one-twelfrh of the yearly taxes and assessmenu which may attain priori?y over this
<br />bfortgage, and grand rents on the Piopetty; if any, plus one-twelfrh of yearly premium installments for hazard insurance,
<br />plus one-tweikh c yearly premium instaltmersts 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 shag 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 shalt apply the Funds m pay said taxes, assessments,
<br />insurance premiums and gretmd rents. Lender may not charge for so holding and apptying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bYlls, 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 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 Yaw
<br />requires such interest to be paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. Lender-
<br />shall give to Borrower, without charge, an annual aecaunting of the Funds showing credits and debits to the Funds and-the
<br />purpase for which each debit to the Fends 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, together with the future monthly installment of Funds payable 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 premaums and ground rents as they tall due. such excess shall he, 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 Ixnder shall not be sulYicieat to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to tender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sdms secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held 6y Lender. If under paragraph 15 hereof the Property is sold ar the Property is otherwise acquired Ley Lender, Lender
<br />shelf apply. no later than immediately prior tit [he Hale of the Property ar its acquisition 6y txndet, any Funds held 6y
<br />Lander at the ume at apghcaiior, as a credit against the sums secured by this Aortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under [he
<br />Note and paragraphs l and 2 hereof shaii be applied by Lender first rn payment at amounts payable io Lender by Borrower
<br />under pazagraph 2 hereof, then to interest payable on the dote, then to the principal of the Nate, and then to interest and
<br />principa! on any Future Advances.
<br />3. Charges; Liens. Borrower shalt nay all taxes. asstscrnsnts and other charges, fines and impositmns attributable to
<br />ttte Property which may again a nnoritq aver this Mortgage. and leasehold payments or ground tents, if any, in the manner
<br />provided under paragrsph 2 hereof or, tf not paid m such manner, by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall promptly fwnish w Lender all nauces of amaunts due under [his paragraph, and in the event
<br />Borrower shall make payment directly. Borrower +hall promptly lurnult in Lender receipts rvrdencmg such payments.
<br />Bo~rvwer shaii gramptip chscharge any li€o which has prrorny over this ~iortgace: provided. that Bacraw€r shaFY rain tae
<br />•?[YRirPd •,, .i•t<=berg= - -_tch lic^tiR , lcug as its*trawe6 ht:lY age+::~ t.. .-. ,lee paymanE c;t the obYrgatsun =~ur::d by
<br />such lien m a manner aa:eptable to h.:nder, ur shall m goad faith caatear s,kich~l ten hy, or defend erforc€mert of such lien in.
<br />legal prac€edings .which operate tc prevent the enfarcernent of the Ire+; ,tr tortenure of the Property ar any part the teat.
<br />3. -:era irrearance. Borrower shaii keep the improvemrnis Haw +•aisung ar htreaf[cr crested nn [hc. Y re~neriy` n -ur€d
<br />egadn:st Yi:s~ ~Y it[`t, hazsrds in^Yaded w`ithrn the :crm "exrend+'il :over-age ands iher trazards as l.erder m.., .eyrtire
<br />ansi in such amounts and for such penods as Leerier ratan regwrc, pr~n'uird, chat Lender shaii Her require that rite amomrt of
<br />'such caveraze exceed [flat amount of covtra¢e r ed t_u n + the , . _ ~r.rerl h_ v obis _!fo_rteae~.
<br />The msuranes earner providing tltc msuranestshai! ire chosen by itorrnwrr subtle[ to approvaY by i-ender, ptvvtded,
<br />that Sar-Yt apgravaY shaii Hui be unrtssvnabiy withheld. Aii premium: ,~n to.urante paitc:t..itati he vatti rat the msnncr
<br />provided under paragraph 'hereaf or, d not paid in such manner, by tlorroaer making payment, when due. Jrrectly to the
<br />insurance carrier.
<br />.4i1 insurance pohctts and renew ais thereof abet! ht m term ae.epta Me to t rnaicr .rod +ha8 nx'lud::., .e:nulani mortgage
<br />clause in favor of and rat faint acceptable to Lender. Lender .h:ui hair the nght ;~• held the patio ¢•s .;nd rcncwah thereof.
<br />and Borrixver shat) prompuy f'urmsh to Lender all renewal Helicon anal aki roc-eipts of t,atd premnum 1n the a'+~ent at lays.
<br />BarrowerShalt grog prampt nonce to the ursuraneu carrcc.rnd !.ender Lenucr era} make penal o; loss d not made pramptia
<br />by Borrawer.
<br />Unless C.tnder and Ban aawer erhena t.e ugtet a win erg, i~wranc.e proe.er.ia anuH hr apphtd to rexvrar«at nr rtp:ur o;
<br />the Property deranged, provided each restoruiutn or :cp:ur :, ccononve.rih :casi6tt .roil the ,e.;m ns at thin Aiort~agr n
<br />trot thereby imp:ured. I[ such restctrahort et report is Hen enmomr aii3~ ttasd>le or a the accunn of thin !ttortgar!c wo:dil
<br />be rmpaasd, the ;nsuraucs p[acseds abet! tee applied to rite .urns atcure+i by thta !+9ortgugc, soh the eacces, d env. paid
<br />to Bartower_ It the Pra!>arty ~s abaudunrrl h} Burrowi•r, ai it Harrower kuk to mspund to Lender +vithw 31t days tram the
<br />dart notice rs ntutled tri• I,endtt ht Bor new er that tltt ~nsuranrc .ur rrrr oiler. to aciNc „ alum Yor ,n>ur.mtc benefits, Y.eader
<br />is authortaed to +•rsittct and apple the msmanec pr tcetds ,a Ltudtr-s opu~nr cuhci «, iestorauant ,~r re~u eft tilt Prn~rh
<br />ai' to ttte sutras secured h} this 91or?gave.
<br />Unless Londe; =ad Borrower othrrw--roe ctgret rat venting. ,en} :+r.~P apphcatrn:~ ,~t pr,rc tide to pr innpni ,hall nr=r cattnd
<br />ar pwtpone the -- late of the monthly insmlimetrts referred !o ru paragraphs = .urn! ~ hereof or eh:ut?;a the ant.uitu .;,
<br />ouch installn'reut- _: tinder paragraph l8 boreal the Y'ntptr[}~ r, acquned t,} Lmtdcr, at! ught, t:dt and uuere>t et Born,wtr
<br />in and to wtv meuru„ce Ytalicies ant iii and tc the prar:eais there,+t rtsoltntg iii+ru damage r,t titc Pram} pnnr ae the .,+aic-
<br />n2,rG[YaiSiii~n matt mss td t ~.ier i.~ fhc c5ieni trf ti7a sums Set i [,} itch F--eFva y~ nrcciiatel} j~r,eie ~,. ,r. t. „S,e «f
<br />aGgtn5ltttZ. R.
<br />tt. P@Ctiervation and .'ltatatettaoce of Property: Leaa€hafds; {. rradnrnini[arnv; PYannrd Unii L)rvcluptnneuts. Harrew;:r
<br />shelf ks'ep tYte ProperiY~ in gax-ttl repair and shall rtat cl.mmit caste ur Ytermrt unpanmrnt of dtttNOrr[ucut at the Praptrty
<br />acrd shall cturxply +vith the Provisr+ans of ruty Louse d thu htortg:~e a ,~n tr ice>ehuld_ tt true Stvtrµauc a e^ .r urw m .+
<br />corrdontintum ar a LeYavntd uvrt devctapmtnt, Borrower shall partarm adl ut tirtrttrwet's ~tbhganony under thin d€vtaruuon
<br />tx Covenants creutiug ar govemtng the eondamuurnn or planned oral! dtoeiepnrtnt. the by-lawn ..nd regulauon..,i the
<br />c~zdaanaiiurR 4[ nAS~ unit devetaprnent, and coiLUtarart d-x umenb- II a condominium en plamia•43 nnrt „c+cl„tona:W
<br />rider is oxeeated'vy Borrower and recard€d together watt rho 4ortgage, the arvcnuus amt agrecnrcnt+ of +u+h !„ire
<br />shad! rte tncorgorated into end shall umeRd and supplrmctx the coven. rats anal ugrcemtnts at ihu 4iengatte a, .I tira~ ~ xic~
<br />wtrt :r part hereaf.
<br />7. $xo{teifsm of Ennoble Seettr%ty. !( Harrower fads to («a feria the cavenauts and agreements unaarrxd :n the
<br />Merigsge, or if asy aetiorr :tt grot;ucding n eumnrer:cetY which ntatssr ialit alYcc t, ! ender's :ntcreat is the Pntpem.
<br />including, kw[ trot !united ta, trninent dantahr, iu-•,crlaracy, code cninn;;rtttnt. or straugaatnwx rte pnmeettingo +nvol:~tul; a
<br />Fi1q$ru~zt ar ilecroent, titert l.c'.na'r:r ut Y_cn>iw a a,gtrvtt, open nc>tr ~ ro Ba.rraw~ gray ~ ~a4.z anch app4a + e, .!~ uroe ~u~s
<br />rums otter .tt'rc i;;a<n -+a'4ian ti ne+~F to pccacs t.--ztler~s -rrs€, tot {~ ~, rut na,i tatrrtcd :,. aYr.bur}rinsr,tt ,
<br />re~tn,~_t~_- a_tic>rs_rcy's fees and entry up ~R ttte Prop€•~[ tc_r ttta>:t rcp,.us. lY Lcndt•[ r uuircd ntctr tgaac ins[srancr a. .r
<br />uud~tig~ - t t>.-rtSi_ng th- luau ~ rr:crt bti tY1is iFipttf~:a~rr:, {Srxrrva r f aY! tna_t the nrtnriunrti realer e. i +r mairttam cu::h
<br />insurance sa efls~;t until such time a it,~t requitement for such nsatanee ;e nnnues nr ac.ordar.,r with Bin ra:vet', auil
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