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<br />Utvtpoatat CovexatvTS. Borrower and Lender revenant and agree as follows:
<br />I. Ittpsknt of PdoclpN and Iabereat. Barcower shah promptly pay when due the principal of and interet• an the
<br />iadebtednas evidtmced by the Note, prepayment aad late charges as provided in the Note, and the principal of and interest
<br />on say .°utttre Advasces secured by this Mortgage.
<br />2. ]lraada ter Taaaa and laaatance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to I,etrder on the tiay maathty installments of principal and interest are payable under the Note, until the Note is paid in fuB,
<br />a awn (herein "Fnttda'7 equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and growrd tents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plea one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and fmm
<br />time2o tithe by Rader as the basis of assessmeats and bills and reasonable estima**-es thereof.
<br />The Funds shall be hdd 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 instimtionl. Lender shall apply the Funds to pay said taxes, assessments,
<br />itssuraace pretninms and ground rents. Leader may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying aad compiling said asaesstnents and bills, osiers Lender pays Borrower inrerest on the Funds and applicable law
<br />parmita 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 Harrower, and unless such agreement is made or applicable law
<br />~"a attch latmat to be paid, Leader shall not be required to pay Borrower any interest ar taraings on the Funds. Lender
<br />shat! give to Bonawet, witbortt charge, an annual accounting of the Funds showing credits and debig to the Funds and the
<br />ptnpose for which each debit to the Funds was made. lire Funds are pledged as additional security for the sum; secured
<br />bs this Mortgage.
<br />If the amount of the Futter t#eld by Lender, together with the future monthly installments of Funds payable prior to
<br />the due data_af taxes, assesstrreau, irnttrance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />asaeameats. imurattce pttmitttru and ground tents as they fall due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Harrower on monthly installments of Funds. if the amount of the Funds
<br />lidd try Corder shall trot tx sit~cieat [o pay taxes, assessments, insurance premtums and ground rents as they fall due,
<br />Borrower chalk pay to [.ender any amount necessary to make up the defirtency wuhin i0 days trom [he date notice is mailed
<br />by Lender to Bonowa requesting payment thereof.
<br />Upon paymem in full of all sttms secured by rhrs Mortgage, !"ender shalt promptly refund to Borrower any Funds
<br />hdd by Linda. If undo paragraph t8 hereof the Property is sold or the Property is otfrcrwia acquucd by Leirde;. Lender
<br />s1taB apply, no later than immediately prior to the sale of the Prapeny or its acgmsmon by Lender, any Funds held by
<br />Ltmder at Ilea tittse of application as a credit agattut the sums secured by rhrs Mortgage.
<br />3. Ap~YeaNaa M li"ayaseara. Units applicable taw provides otherwise. ell payments raxeived by Lender under the
<br />Noce and paragraphs } std 2 hereof shat! be appLed by Lender first m payment of amounts payable to Lender by Borrower
<br />under puagraph 2 hereof, tttett to iatettst payable ua the Mott, then to the principal of the Note, and then to interest and
<br />pnttr~pai oa any Futtue Advances
<br />0. ~ Ijeaa. Borrower snail pay all taxes, assessments anal other charges. fines and impositions attrtbutable to
<br />the Property whfzh troy attain a pnoiity over this Mortgage, and Ieasehald payments or ground rents, if any, in the manner
<br />gmvided ttrsdtr paragraph 2 hereoY or, if not paid in such macner. by Borrew~er making payment, when due, directly to the
<br />payee [hetsof. Horrowar shall ptatnpily furatsh to L.endtr ai! roarer of amounts due under this paragraph. and in the event
<br />Borrower shall make payment duectly. Borrower shall promptly fumtsh re I ?nder receipts evidencing such payments.
<br />8orrowror shag ptasnptly discharge any ilea which has prranty over ihu Mortgage: provided, that Borrower shall not be
<br />teytdrod to discharge any such ilea so long as Borrower shall attrce to u Hung ro the payment of the olrhgatian secured by
<br />such lirn in a manner acceptable to Lender. or shall m good faith contest such Len by, or defend enfarcemert of such lien m,
<br />legal proceedings wh~h operate to greveni the enforcement of the hen or farfer[wr of the Property or any part thtteof.
<br />$. Ilnaattd Insntaree Borrower shall kelp the tmprovctuents now a+. -sung or herea[trr erected nn the Property insured
<br />agaiau foss try fete. hoards included within the term ""rxtetrded coverage". aad ruin other hazards as Lender may require
<br />aad in suet: atnauats and for such periods as L.a,det may requtrc: pravtdtct, t;^,at i_rnder snarl not require that the amount of
<br />such rnveragc exceed that ainaunt a€ coverage regtvred io pay the sums secured ny rhrs ls4angage.
<br />12te insurance canter providing the ittsvrartrc shelf be chinch try Borrawxr subject to approval by Lender, pravtded,
<br />that such approval shall not tx ututareonal>sy withheld. :alt ptcmtuma un insurance poltcfcs shall he }.ltd in the manner
<br />provdal under paragraph 2 htrcaf ar, :f sat paid m such insurer, by Borrower making payment, when due, directly to the
<br />iwtttasree cutler.
<br />AU ~ntraare pohcits aml rtaewats theraxif sltalt h< in farm acctptahlc to Lender and shall include a standard mortgage
<br />c7atue in favor of acrd ire form aes`eptaltk Ea a_aader. ~.er,dr= s..~.. have t, right rr h: ld ~!:e prlicies and renewals thereof,
<br />aadf3ernower snail promptly fa;rtnsh to Letttier alt renew a3 nutter, aml at1t~xipts c>l paid premiums. In the went of loss.
<br />$OROwef snail give ptampt aattce to the irtsuraeu-e carrst€ and Lerrder. l.ende-r may make proof of loss tf not trade promptly
<br />Unksa Lender aad Harrower ozlterwisc agree to wriUn~„ tnswaircc praxa*eds shall he app{fed to restoration w repair at
<br />rite Property datnsgcd, provided such restarurttn or repair is csatramrral;y ieasibfe aad tAe security of rhrs Mortgage is
<br />sot tbty+aby itepairad. if such restaralran or repair is not cttixtwrucally SussrLle or tf the sea until of this '+iengage would
<br />bt impaired, rite #ttauraoee pro.eeeis shall 6e applied to the soma scx:ured by rhrs MongaYe, with the excess, if any, paid
<br />to B#N#OWCr. If rho f'roputy is ahaodotted try Harrower, or if fforrawa tads to xcapand to i_ender within 30 days from the
<br />date rtottee is tnaitod by Lentfer to Harrower #hat ztrt tnstuarwx ,rather oifcrs iv state a claim for insurance benefits, Lender
<br />is atrthorizeel m cafiect and apply the ittsuraoce procepia at l..trider s option tether to restoration or repair o! the Propany
<br />or Fo flirt auras secrued by tftb, Mortgage.
<br />Uaiese, Ltttdee and BOIfaMter athtrwist agree in wntrng, any such appkrcauon a>f prex:eeds to pnnaPal snail not extend
<br />ar poerpoat the due date of the mimtftfy instalUaeats rtfertcd to an paragraphs i and 2 heceak or change the amount of
<br />such inarallateata- lk under pantgraph 313 hereof the Ptopuip rs a:-yu+srn,l 6y L.esaizr. sit r,ght• Utlc and trtertst of Horrownr
<br />in aad io say ittNrattee pttkicia aad itr attd is tix ptocxxds thttez2 reauiUtrg from damage to xhr, Property peter to lire sate
<br />or acitiart shall parrs ~ Ltader to die estent ~ zhc ~ttr1~ ~~te3 bs trot ]tortsage smrttcdsan:;y prior t„ such sale or
<br />f, 11'aatlursaafar ant Mainaaana of Peoperty. I.eaeiaNs- Caadw~twwrrrt Ptaeeed Litw [se•eiopoeetc- Borrower
<br />shelf keep rise Propartty in good repair and shall sot camctit wash ur permit impxirmeat ar dctutorataon of lire Prupcrsy
<br />aad shag casply with the provieioas of any lease rf tltrs Morigarte e, vn a 'ieaN: tza{d. f# tlzu 'afertgagc r~ on a unit m a
<br />filet a pisatted trail dcv,~pirtea4 Harrower shat{ perform sit rf &~trcwee~s otritgsisons unafrr the drularaU<in
<br />at covsoaais creating ai gaverntng the raxndaminrvar ar planned arna development, the hy~kaws arnf regutatrern> ,rf the
<br />s-oa"tvtt ar plaaaed trait developraetu, attd ctrrutictiexit tlacutuents_ li a .esdamu#tunt err r+'ranimd unit develuptncni
<br />rides iS C%at:4rad_ fry Harrower acrd rr~ardtd usgealtct is'ith the„ Marzgaye, the ~osciraazs and sgrcetru:rits of such nder
<br />shall be.iarrar`porated iraa ~ chaff atuend and suppictreru tftc wxe,nanta and agracmema of chi. Mungaga as st rite nder
<br />warm a park kferoof.
<br />1, TuaYt#lu.ts[ I.endea`a Sesaaity. if Bar[owcr !'aria to per;orm the .:ovtnarvx and agrecirrenis couwtned m tuts
<br />Mtxtgage, ar if say aetiaa ar proc~diagt r, .omim:ttr.ed wiricf: maCrrrally eifcc:s izader's intacss rn the P•opi r>.
<br />iaclttdiutd. but a4t fitnitid to. txainent daraaia, tnst+lvency. code anforcernen[, os arratigetttenrs at prix ceafin3s ,ns airsug a
<br />baakwpt or tpmcedent, then Leader a# Leadcr'x aptittt, upon m~UCC ui Iturruwct, n:ay rrtakt such appearan, ca., rl~sbairae turn
<br />tNlAS anti take loch action. as u nccassitrg to protect I.titdcra ,merest, ;~ra:tudiag, nut nest limited tn, disuursen.ent .•t
<br />reaatraa6~iie attott~y"s tors grid entry eipan Ent Praperiy to ntak.- rtpa;a !? Lender rc€#uited roeregags ,nsursnac as
<br />eoadith~tt of roakrag the lash s~ttr-ed Icy stt€s Martil3gt. tk,,:vw.: shexlt ;ray the laamrssnts rcyurseal r,: marret.ten ,,,,:>,
<br />raattrtwes ra ttllCi nmil stick tune a ilae itytrueatcot far such ~icsuran~c errrsttiraies ;n aceordan,:a with Bare rw e. > arc,l
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