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<br />L''NIFO]iA1 Covpxen^rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal anti Interest Borrower shah promptly pay when doe the Wrincipal of and interest on 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 Mongage.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installmrnts of principal and interest are payable under the Note, until the Note is paid is full,
<br />a sum [herein "Funds") equal to one-twelfth of the yearly taxes and assessmrnu whicfa may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-tweifrh of yearly premium installments for hazard instuance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonatbly estimated initially aad from
<br />tame tc time by Lender on the basis of assessments and bills and reasonable estimates therraof.
<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 W pa}• said.tazes, assessments,
<br />insurance premiums and ground renu. Lender may not charge for so holding and applying the: Funds, anal'}zingsaid account,
<br />or verih~ing and compiling said azsessmenu and bills, unless Lender pa}•s Borrower interest rou the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may aeree in writing ar the time of eztcution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreerr»tnt is made or applicable law
<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 Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged az additionaa security for the sums secured
<br />,by this Tfongage.
<br />H the amount of the Funds held by Lender, together with the future monthly instatlrn cots of Funds payabte prior to
<br />the due dates of taxes, assessmenss, insurance premiums and ground rents, shall exceed the amfount required to pay said taxes,
<br />aressments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, eitfier
<br />promptly repaid to Borrower or credited to Borrower oe 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 rents as they fall due,
<br />Borrower shalt pay to Lender any amount necessary to make up the deficienry within 30 daps 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 shalt promptly refund to Borrower any Funds
<br />held by Lender If under pazagraph I S hereof the Property is sold or the Property is otherwrise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition Y~y Lender, any Funds held by
<br />Leader ai the time of application as a credit aeainst the sums secured by this Mongage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all paymentsreceived by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounu gtayable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the :Note, and then to interest and
<br />principal on anp Future Advances.
<br />4. Charges; Liens. Borrower shall pay all tales. assessments and other charges. fines anti impositions attributable to
<br />the Propetty which may attain a priority over this Mortgage. and leasehold payments or ground rents, if any, in the manuer
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under xNtis paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receupts evidencing such payments.
<br />Borrower shall prottiptl}• discharge any lien which has priority over this Mortgage: providerd. that Borrower shalt not be
<br />required to discharge am such lien so long as Borrower shall agree in venting to the payment of the abliga[ion secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith conrest such lien by, or defsznd enforcement of such lien in,
<br />legal proceedings which operate to prevent the entorcement of the hen or forfeiture of [fie Propetty or any pan thereof.
<br />S. Hazard Insurance. Horsower shall keep the improvements now exisung or hereafter erected on tke Property insured
<br />against loss by fire, hazards included within the term "extended coverage`, and such other hxazards as Londe: ma}~ require
<br />and in such amounss and for such periods as Lender may require; provided, that Lender shaB.mot require that the amount of
<br />such coverage exceed that amount of certrage required to pay the sums secured by this bRaa tgage.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject m atpproval by Lender, provided.
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies. shall be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, 6y Borrower making paymteut, when due, dtrectly to the
<br />insurance cazrier.
<br />All insurance policies and renewals thereof shall he in form acceptable to Lender and shsill include a standard mortgage
<br />clause in favor of and in torn acceptable to Lender. Lender shall have the right to hold the: •policies and rentwals thereof,
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to the insurance carrier and bender. Lender may make protnf of loss i( no[ made promptly
<br />by Borrower.
<br />Unless Lendtr and Borrower otherwise agree in writing, insurance proceeds shall be appilied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and thn; security of this Dfortgage is
<br />not thereby impaired. If such restoration or repair is oral economically feasible or if the sercurip~ of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the sums secured 6y this Mongage:, wuh the excess, if uny, patd
<br />to Borrower. If the Property is abandoned by Borrower, or i[ Borrower fails to respond to ls.ender within 30 days from the
<br />date notice is mailed by Ltnder to Borrower that the insurance carrier otters to seule a claims fur inwrance btoefits, Larder
<br />is arahorized to collect and apply the insurance proceeds at Larder's option either to restorartion or repair of the Pmperh•
<br />or to the sums secured by this Mortgage.
<br />Unltss Lendtr and Borrower otherwise agrte in venting, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and ?hereof or change the amount of
<br />such installmtnss. It under paragraph 18 heron! the Property is acquired by Lendtr, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereot resulting from damage tin the Property prior to the sale
<br />or acgrusiuen shad paw to 1_~nder to the extent of tht sums secured 6y this Mongage imm+rdiately prior to such sale or
<br />acquisition.
<br />6. Ptraervatioa aed Ataintenanct of Property; Leaseholds; Condominiums; 1'Ianned Y1nit IJet elopments. norrower
<br />shall keep the Property in good repair and shall not commit wasa or permit impairmrnt ua dererioration of the Property
<br />and shall comply with tht provisions of any least it thts .hfongage is on a leasehold. If tints Mortgage is nn a unit in a
<br />condominium or a planned unit developmert, Borrower shall pertorm all of Borrower's oh+bgauons under the declaration
<br />of covenants creating or governing the condominium or planned unit development, the trry-laws and regulations of the
<br />condontinittm or planned unit development, and constituent d+xuments. If a condamtniunst or planned unit developrnem
<br />ridtr is executed by Borrower and recorded togaher wuh this Mongage, tht covenauts .and agreemtnu of such rider
<br />shall be incorporated imo and shag amend and supplement the covenants and agreemems usf this Mortgagt as if the rider
<br />were a part )tereof.
<br />7. Protection of Larder's Security. If Borsewer fails to perform tht covtnams noel agreements contained in this
<br />Martgaga, or it any action or p[oestdiug `° comtrttnttd which materially affects Ltnuier's inttrest in the Property,
<br />including, but not limited [o, eminent domain, inwivency, cede enforcement, or arrangements or prnctedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon nonce to Borrower, may make -•uch appearances, dtsburx such
<br />sums and take such action as is necessary to protect Lender's interest, mdudme. but mot limited tu, disbursement of
<br />reasonable attorney's tees and entry upon the Property to make repairs. if Larder rcywircd mongage insurance as a
<br />condition of making the loan secured by this Mgrzgagt, Berro++~tr shat! pay the premiums required t„ maintain such
<br />insurance in tffect until such tins as the requirement ter such insurance tentinatcs to ac-cerdance wish Borrower's and
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