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<br />UNIFORM Covsxnr:TS. Borrower and Lender covenant and agree as follows:
<br />2. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and rate charges as provided in the Note, and the principat of aad interest
<br />on any Future Advances secured by this Mortgage.
<br />7.. Funds for Taxes arrd I,-tstirance. Subject to applicable taw or to a written waiver by Lender, Borrower shalt pay
<br />to Lender nn the day monthly installments of principal and interest are payable under the Note, until the Note is paid in fait,
<br />a stmt (herein "Funds") equal to one-twelfth of [he yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground teats 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 io time by Lender on the basis of assessmeots and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution [he deposits or accounts of which are insured or guaranteed by a Federal of
<br />state agency tincluding Lender if Lender is such an institution). Lender 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 asessments and bills, unless Lender pays Borrower interest on zhe Funds and applicable law
<br />permits Lender ro make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage [hat interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicablt law
<br />requires such interest [o be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt 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 for the sums secured
<br />by this Mortgage.
<br />If the amount of [he 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 rents, sfiall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fah due, such excess shalt 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 shah not be suY'f~tcienY to pay taxes, ati_te>,sments, insurance premiums and ¢round rents as they fats due,
<br />Borrower shall pay to Lender any amount necessary to make t:p the deficiency within 3~ days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of alt sums secured 6y this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held 6y Lender. If under paragraph IS hereof the Property is sold or the Prnperty is otherwise acquired by Lender, Leader
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first m payment nt amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the tiore, then to the principal of the Note, and then zo interest and
<br />principal on any Future Advances.
<br />4. Charges: Liens. Borrower shalt pay all taxes, assessments and other charges. fines and tmpositians attributable to
<br />the Property which may attain a pnority over this hfortgage. and leasehold payments or ground rents, if any, in the manoer
<br />provided under paragraph 2 hereof or, tf nut paid m such manner, by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall promptly furnah to lender all notices of am vents duc under this paragraph, and ir, the event
<br />Borrower shall make payment directly. Borrower shall promptly turnuh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien whtch has pnenty Deer this \tungage: provided. that Borrower shall not be
<br />required to discharge any such lien su lang as Bcrro+.ver sha!I agree tr. vetting to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or vhall in gnod tauh ec ntest each Iicn hy, nr defend Cnforcement of such Tien m,
<br />legal proceedings which operate ro prevent the entorcemem of the lire ar h?rte?ture of the Property or anp part thereof.
<br />5. Hazard Insurance. Borrower shall beep the :mpmaCments now cx?snng or hereafter eared nn the Prc?perty insured
<br />_.,...... eqr?
<br />against Less by :ire, ttazatds included :x:th:n the rarer "est=•--+_-.~ ~o=eragc~~. ': snch ether hazards a_ ender may r_ _tre
<br />and in such amounts and for such p::nods as Lender may reywre: prov:ded. that Lcrder hall eat regtttre that the amount of
<br />such ~~rerage ex^.eed Thai amaum uE coverage mqu:r.^d ro pay the ;an; ,ecured by the ~f ortgagc.
<br />The msttrance carrier providing the insurance shall be chosen by Borrower subject to approval b}' Lander, provided,
<br />that such approval shalt nor be unreasonably wirhheid. All premtumv on insurance policies shah be paid ~:. _ ranr_er
<br />provide;: under paragraph 2 hared or, tf aui patd to such mat[ncr, by Borrower maktng paymrat, wh<n due, .,.. ~ctty to the
<br />insuravice carrier.
<br />All insurance policies and renewals thereof shall he m form acceptable to i. ender and shall include a ,tandarJ mortgage
<br />clause in favor of and in form acceptable to Lender. Lender ,hall have the right to hoW the policies ;u?d renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal noucas and ah receipts of paid prenuunts_ to the event tit loss.
<br />Borrower shell givo prompt notice [o the insurmu• csrn v and i.cnder. Lender may make proof of loss it not made promptly
<br />by Borrower.
<br />thtiess Lender and Borrower otherwise agree in wnong, insurance pn,ceeds shall fm applied to restoration or repair of
<br />the Property damaged, piovicfed such restoration or repau is ecrn?otntcally te:tat?le and the secunty of this Aiertgage n
<br />not thereby impaired [f such res[oraurnt or repau is no[ aconomicall}• feasible nr tt the secunty of thts Mortgage would
<br />be impaired, the insurance proceeds shall be applieal to tfe sums secured by thts Iv(angage, with the excess, if aay, paid
<br />to Borrower. if the Property is abandoned by Hortower, or it Borrower huts to respond to Leader w?thm 3U days from the
<br />date notice is mailed by Lender to Borrower that the msurante canter oHen to scale :, i:um ha uuurm[ce benctils, tinder
<br />is authorized to ~llect and apply the insurance proceeds at Lender's option either u+ reshnauon or repau of the Prolxrty
<br />or to the sums secured by this Mortgage.
<br />Unless lender and Borrower atherw the agree m wnnng, any such application tit puneeds to pnncipaf shall nut aimed
<br />or postpone the duc d:ue of the nwnthly installments referred to m pxragrepho I and '_ hereof or .hangs .he amount o~
<br />such instalments. if under paragraph ;g hereof the Prolx.rtt is acywred by Lender, all nght, title and nearest of Bore+wer
<br />in and to any insurance policies anJ in and to the proceeds thereat resulnng from d:unage w the Propery pnor to the anlC
<br />or acquisition shall pass [o Lender to the exmm of the sums secured by this Alortgagc unniediately pnor io such salt of
<br />ac;quisitinr-+.
<br />S. $'re&en~atipn atld 6iaantertanca of Property; i_casehoids; t'ontloorintums; Planned tn3i f3evefopnta nts. Ro?ro»cr
<br />shah keep the Property in good repair and shall rot commit waste or patina impairment or detcnorauon of the I'ropen}
<br />u a
<br />ar[d shall crnnply with the provisions c+f any lease d ihu Mortgage is tin a leasehuW. It th?s Atortgagr a tine m ~
<br />condominium or' a planned unit development. Borrower ,hall pertonn all 01 &xn>wei-s nhhgmwns under the dcclarauon
<br />or Covenants creating ur governing the condumunum nr plauncd unit Jevclapmcnt, the by-leas and rcgulauun, al the
<br />condominium cr planned unit development. end consuutent dowmenu. It a rondanunwm nr planned ~~n^ devclopntent
<br />nder is executed by Borrower and recorded togethca with ihu Mortgage, the anenants :u?d agrccurcuts ~.a .uch nder
<br />shalt he incorporated into and ah:dl amend and supplement the covenants and agreemem of ihu Mong.tgc• a, a the nJCi
<br />were a port hereof.
<br />7, Prolectlon of Lender's Security. If Burrower hull to pert rn-m the covenants and agreenicnts auntuu?cd ~n thi,
<br />Mortgage, or if any action or pnx:eedmg a commenced which maienally nlicrts 1 Cn.ier's unerest m the 1'~,gx~t,.
<br />ititluding, but not limittid to, eminent domain, insolvency, code enforantCnt, or ui rangemcnts or pn?ccedmgs n •. ol, aig a
<br />hankrupt tit decedent, then Lendei at Lender's option, upln muicc t.. Horrower, m:ty niakc su.h up(h.u aures, J~obw~ec such
<br />sums and take s~!Ch action us is nec:cssary !e piutect I.cnder"s inter CSt, ntcluding, t?ut nut luruted to, ,h,f?uru•mcm +~1
<br />r-=;?T~htfl auernC.y'g [eFs arm 1tL,v upon ihC PragCrty to ntakE repau, It I.etda•r ~eywra•.i mnr?oags in,t a a,
<br />Cutuhtion of making the loan secured by ihu Mortgage. Borrow ci sh;dl pay ilia prcmwms rryuucd io mu:nt~+m .r.li
<br />insurasCC in ett`ect with such time us the requircntent tot such insurance rcnmosr+~., m a. aordancc wish B+,r?e,wc?'. and
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