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8d- ~u5045
<br />UivtFOtur Covexntvrs. Borrower and Lender covenam and agree as foltows:
<br />1. Payment of Friacipal aed Lateresl. Borrower shall promptly pay when uae the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Nate, ana the principal of aad interest
<br />an any Future Advances secured by this Mortgage.
<br />2. fii~it-for Tsara and Emutnsace. Subject to applicable tau• ar to a written waiver by Lender. Borrower shalt pay
<br />to LettdCr-on the day monthly installments of principal and inixrest are payable under the Note, until the Note is paid in full,
<br />a slim (herein "Funds") equal fo one-iweifth of the }early tams and assessments which may attain priority over this
<br />Mortgage, and gtnund rents on the Property, if any. plus one-twelfth of yearly premium installments far hazard insurance,
<br />phis onetwelfth of yearly-premium installrnenU for mottgage insurance. if any, at! as reasonably estimated initially and from
<br />fime to tune by Lender on the basis of assessments and hi9s and reasorzable estimates thereof-
<br />The Funds shag be bald in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agenty (including Lender if Lender is such an institution ). t-ender shall apply the Funds to pay said taxes, assessments,
<br />fnsttrance premiums and groentd rents. Lender may oat charge far so holding and apph^ing the Funds, analyzing said account,
<br />orverifyiog attd compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender io 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 stick interest W bt: paid, Leader shall no[ rte required to pay Borrower any imerest 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 arc pledged as additional security for the sums secured
<br />by this Mortgage.
<br />IE the amount of the Funds Meld 6y Lender, together with the future monthly ms[aBments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and grmmd rents, shall exceed the amount reouired to pay said taxes,
<br />autxanients insurance p-emiums and ground rents as they (all due, such excess shall be, ai Borruw•er's option, either
<br />promptly repaid to Borrower or credited in Borrower an monthly installments of Funds. if the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments. insurance pmmmms anJ ground rents as they fall due.
<br />Borfowet shalt pay to Lendet any amount necessary to make up the Jeficienc7 within 30 days !rain the date notice is mailed
<br />by Lender to Borrower requesting payment thereat.
<br />Uptm payment in full of all sums secured h} this Mortgage. Lender shalt promptly refund to Borrower any Funds
<br />held by Lendu, if under paragraph IS hereof the Propem~ is .old or the Propem a otherwise acquired by Lcnder, Lender
<br />shall apply, rtn later than imtnediatcly prior to the sale of the Propene or ns acgmsiuon 6p' Lender, any Funds held by
<br />Lender at the rime of application as a credit against the sums secured by this M1tattgage.
<br />3. A/~iitatioa of Paymnts Lnless applicable law prtniJes otherwise. a!i paymens received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be apph~tii be Lender fiat m pacmcnt of amounts payable to Lender by Barmwer
<br />under paragraph 2 hereof, then to interest payable on the time, [hen to the principal o[ the Note, and then to interest and
<br />principal on any Future Advances.
<br />!. CYaegeq Liens. Borrow-er shall pa}' all lases. assessmrnts .+nd other charges. fines and imposihans attnbutabie to
<br />the Property which may attain a pnoriry over thu 3largage. and feasehotd payments ,?r ground rents, if any, in the manner
<br />provided under paragraph 2 hereof ar. ;f not pard m such manner. h. Borrower making payment, when due. Directly to the
<br />pay« theimf. Borrower shall promptly turntsh [ct 1_ender a}t nruCes of amounts due under t}:ts paragraph, and in the event
<br />Borrower shall make payment duectiy, Barrowrr ,hall promptly turnuh to Lender receip[s evidenang such pagntents.
<br />Borrowe[ shall promptly dischazge any hen which has prix+tv ~,.er this Mangage: provtJed. that Borrower shall nn[ be
<br />tegitired to discharge any such lien so long :is Borrower ;b:Jl agree to ~+rumg to [hr paymem of thr obligation soured by
<br />such lien in a manner acx:eptable to Lender, ar shalt in good tarn cants,t such lien bg, ar defend enrnreement nt soch lien in,
<br />legal proceedings which operate io prevent the enkucemert of the l;e.n or fartcuurc of the Property or an} pan thereof.
<br />S. Haar'd laiiasaaee. Borrower shall keep tttC +mprovements now esnung or heaattcr rrecicd an the Pro perm ensured
<br />against loss by fife, hazards included within the term "cstendrd cm•rrngc - anJ ;vote other hazards as Lcnder atay require
<br />arm in such amounts and for such greeds as Lender may rcyuve: prostdcxi. that Lcnder ,hat! not require that the amount of
<br />such coverage execed that amount of coverage rr;u:red to pa} thr ,nine ,e.u•.J f,y th:a tiangagr
<br />The irsurance carrier providing the insurance chat! be ~hasrn by Borrvur* cubieCt to approval by Lender. provided.
<br />that such approval shall not be unreasonably wrthlte}d. ~;l pre-ovum, +tr. msur:+ncc pnit+~ri-s ,haft hr paid .n the manner
<br />provided under pangnph ?hereof ar.:f oat paid to such mantxr. by Barrvwt:r making pa}ment..4hen d.r_-. directly to the
<br />iownace carrier.
<br />AB insurance poltetes and reriewals thcrcni shall nr to font accrptabtc to t ender :inJ shall include a ,tandard mongage
<br />Clause in favor of and to form aC+xptabte to Lcadet. Lender ,Itali ha+r the right io bald the poktcies and renew ass thereof.
<br />sod Borrower shad prisinptly furnish to Leafier aft rrttr>a ak notrc us ana all n°ccnpu of l,ntd prervume In thr went of loss.
<br />Borrowe[ sliali gs+:e p[omp2 mttiC~ [a the insurance cirner attd trndrr Lenocr n,ay male pr+>z`t of fc»s ii not made promptly.
<br />by Borrower.
<br />isniese Lender and $orrower otheTS+isc agree ir. ++riuve. inwtan,r )v+x~r:rsl, shall ter nppiicd to rest,+rauon or repstr of
<br />the Property Damaged, gtnvtded soch rrsinrat;+nt or repair +s ecemomtcasiy tensible anJ the sccurtty at this Mortgage +s
<br />opt rhareby impaired. If stick restora[ion or repair to oat c.oixtm:.aliy frastble r+r it the sc,r only of this 1:tartgage would
<br />6t impaired, the insurance pox cede shall be uppiird to the owns se+ureJ by this hlangagr. ++uh ttte excess, tf an}. pard
<br />tit Borrower. if the Propett}~ is abaitdt?tted bs }3anowei, gar at Bone+wer tstls t:: responJ to f.cnJer within 30 days from the
<br />date notice is mailai b}' Lender w Borrower that the tnsuraac:e carver offers to setiie ., .intro fur insurance benefits, Lenocr
<br />is authorized to collect and apply zht +nsuranCr proceeds at Lenocr s upuao cr[hrr to restarattan or repair of the Property
<br />or to the runts secured lay [his Mortgage.
<br />Uttkss Lender and Borr~nvCr oti±t•rv, ire agree in wr;ttag, any such application of ),[~w~crda to onnc; poi ,}tali nut extend
<br />e?r postpone the dtte dare of the tnuat3tia installments rrferrcd t to paragraphs ! anJ he;c,_,t ... :hangs the amount +.
<br />such inslaiftrients. It under paragraph i8 hereof the Pruper[y .., acS:ureJ by Lendet..ui r:ghe, tide aiid utterest ;,t Borrower
<br />fa and W any iawraaee palwies and in rend to the pruscda therad as;duug troth rootage to the Pr;,pc:ny prior to the vle
<br />ar xquisitian shalt pass Fa Lender to tIxr extent .+t ifte sutras securr:t h3 thee ~tortgnge stvnird;:vei} pr:or =..- ,nett ,ale ur
<br />acgwsrtion.
<br />S. 2'sasarraliaa arsi NaiaHriawce of Pre~iert}. Leasshntds: C andemininan: Pianreed L-nit lhtetopmerus. t3nrrowet
<br />shah kixp the Property in gtaod repair and strati net commix •.vastc or eermtt .mpaumen[ or drtenorauon. at rite Pro}x its
<br />and-stroll L~+ntp1Y with the pTm^isions of any kax it ihrs !lfnrtguee ~, ~,n a telsefit.,tJ tt the, 4f.,,tt:ag. ,. +,n .. :,nu ~„ ,
<br />contnminfum s7t a piaruied umt deveioptrtertl. Berri,°aer :hat} petfasrm all ++t Bort,.u er s .,hitgauc+as u.u#cr the urk iar~tto,t
<br />or ~ve~auts creating or gavcrntng [.~ .oad_,=, ..,:;n os ^?arnevt un:t Jcv;;!a.>pnte::t, tt:c f+e-?~~.v. ...:d +i:eteo:,, ... ...
<br />wndortun(um ar gSanneai ntut devainpritew[. ~rsd. a?'tstnacn[ dcx,amen€>. h n conoaimatrum er ; 7auned aeut Jr«:lopmrn £.
<br />rider is executed by Borsaiver Rs:d rCCOtrZd ce>g<th•-s h h th:> 4ic+: tg:eg_. zhc .,, er:a::t. .,r,+ e_;:cemt••t, :.t ,u,!: .~~lrr
<br />shall be iniY);pnrated itNa acid steal! amend arxJ 4ugplcmertt Itr• c:.ena::t+ attd ag[r<attrntx ~~; +ht,~>ri otYgegc- .rs :t the et:ler
<br />t~s a part htrreaf.
<br />T. PfMscNats of Leaiars Secarity. If B.atsower f:ztt. txt penurm tltr csrvcreants :and .+p%ri~•tttCnts .,,ntarneJ nt rho-,
<br />~. tN if Wt' r'tf.]Mgt 4r pitx-ecding tti ~trul4rFiCY".ti which ruaterratl} ,xftes is i etrdcr v ~ntci e,E tt, ~hr Propene.
<br />~itlC~l9tiing, tent sine ilCd tn, C6Utiem dttmam, irnnivt:rtcy..:odr en to; cement, or er ra ngctstx:nts ,+s r,rs;rcx)rn~a ,:~a~ot+mg a
<br />bWhrtipt W derrdep& they l.Ct13vT at t.Cador`5 ctpiiata, open nonce i:, B:~rtnwcr, rrra? +'.tvLc su: f! gppcarsnsc,. !,~t,atx „ .,
<br />atini±; a'nd take such x,°rian as t5 tresx^ssary rte prcatcct. f.eucler'+ rtcrc•tt. ax .uattttg. ?~u€ c,>t htnnca a,, ,inbursrtnrat ,t i
<br />txatbta artctrtrNy"s t+?K and curly apubt the Progeny th tualc re;tau, it 3.rrtde: reuuirroi rtesitga,~,z: tit+.rtu.+:c ,,, ..
<br />corKttllM ai rtal[tng, She )are swa.nrad -`-r ihts aiortgay„e_ l3csrt+••u.c: xt:aii ;,a!. t3,r wrctnttisn+ iryt„real ' ~ naa+tuc,~i a.,_h
<br />tAa3Tatiee~ iu e-~eCi tmtiE !.ita-`It note a< t?te rrytrxttefnent toe ecic}t tnsursn»ie swsmtrrate, ,n accardau•:c wan Ba+nwcr, ,toil
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