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<br />UNteotut Covetvetvrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Paincilgd and Interest. Borrower shall promptly pay when due the principal of and intc,est on the
<br />indebtedness evidenced by the No[e, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />Z. Ronde for Tuts and httwraatte. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Leader on the day monthly installmems of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of fhe yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Propeny, 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 estimateu initially and from
<br />[itne to Little by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />sleet agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender ma}' nut charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, 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 pa:d to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Bcnower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and *.he
<br />purpose for which each debit to the Funds was made. Cite Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />ff [lee amount of the 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, shall exceed the amount required to pay said taxes,
<br />assessnxots, insurance premiums and ground rents a3 they fall due. such es.-ess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on months} installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premmms and around rents as they fall due.
<br />Borrower shall pay to Lender any amount nrxessan to make up the detfaency within 30 days from the date notice is matted
<br />by Lender to Borrower requesting payment thereof
<br />Upon payment in full of all sums secured 6}~ this McrtGage. Lender shall promptly refund to Borrower any Funds
<br />head by Leader. If under paragraph 13 hereof the Property a sold or the Propeny a otherwise acquired by Lender, Lender
<br />shalt apply, no Later than immediately prior to the salt of the Property or us acgwsrtwn by Lcndcr. anv Funds held by
<br />Lender a[ the time of application as a credit against the sums secured by th;s Mortgage.
<br />3. AMliratioo of Paymeab. Lrniess applicable taw provides otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first m payment nt amounts payable to Lender by Borrower
<br />tinder paragraph 2 hettaaf, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Cltassts; Liege. Borrower shall pay all taxes. assessments and other charges. fines and ;mposiuons attributable to
<br />fhe Property which may attain a priority over this Mongage. and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, rf not paad m such ne_nner. by Flc?rrower making payment. when due. directly to the
<br />payee thereof. Borrower shall promptly furnish to !.ender alt notices of amounts due under this paragraph, and in the event
<br />Borrower shah make payment directly. Borrtwrr shall promptly tumish to Lcndcr receipts es;denang such payments.
<br />Borrower shall promptly discharge any hero which has pr:onn• oscr this ?•ton¢age: provided. that Borrower ,hall not be
<br />ttgitircd [o discharge any such lien so long ns Borrowrr shrl} acre: +n wntrne to the payment of the ohltgation secured by
<br />such lien in a manner acceptably to Lender, or shall rn gcxxi tarot ;:onte~t such lien k+s-. nr drferd enforcement of such lien tT
<br />legal proceedings which operate to prevent the rnforcerr~nt of the I;en nr torfe;ture of the Properly or any part thereof.
<br />S. Asordltttatttance. Borrower shay! keep the amproscmems now c .tstrnG i,r hcrcaityr ercctyd on the Property insured
<br />against lass by fire, hazards included wnhm ate term `extended ceveragc~~. and ,uch other hazards as !_ender may ryyuire
<br />and in such amounts and for wch periods as L::nder may rcyuue, pn,, :did. [hat Lenafer .hall not reyu;re that the amoutst of
<br />such coverage exceed that amount of coverage rrquaryd ui pay' the sum, sycuresi by !his 4lorigage
<br />The ittwranee camer providing the inwran t sf;all be chosren h}' Burrower subject to approval t,y Lyndrr: pronded,
<br />drat such approval shall cwt bt unreasonably withheld. All premium, an insurance policies shall ne ;paid ;n the manner
<br />provided under paragraph 2 hereof ur. tF nos paid to such manner, by Borrower mal.mg payment, when due, dtryctl}• to the
<br />insurance catriv.
<br />All insurance policies and renewals thereof shall be in form acceptable to L.rrsdrr .end shalt ;ncludr a standard mongage
<br />clause in favor a and in form acceptable to Lender. Lcndcr shall have the rrghi t+, hald the policies .and reaywals thereof.
<br />and Berrawtr skiff promptly ftitaish to Lender all rettywa[ nuuces and ail nv:eipis of paid premr;rm+. In the event of loss,
<br />Borrowrr shalt give prixtipi notice to the insutanct camer and Lender. fender ma} mnke proof of toss rf not made promptly
<br />by Borrower.
<br />iittiieas Lender attdl3aottuwyt otherwrsr agree rn ur+t;ng, insurance procds shat; be aQp`:rir to reek?ration or repair of
<br />fix Property damaged, provided sleek rtstonuon or mpau +> rtunamicaliy teasibtc and the security of tilts Aortgage s
<br />trot thereby impacted. If such reszoratxut or repau is not rconomicatly teasihle err ;t thy serum} at thu Mortgage wauld
<br />6t impaired, the insurance proceeds shall be applied to the sums secure) by this Mongugt, w=ih the excess, if airy. paid
<br />to Borrower, If the Pmpytt} is abandoned try Borrower, or ;f Barroxer Ia;1. t.+ resyxmd to Lender within 3t) das> Irom rho
<br />glair notice is mailed by Lender to Harrower that the insurance .:arner otters to setr!t ., claim for mxuranvr benefits, Lender
<br />is authori:md to ixtltrct and apply the inwr-glue pracytds at Lender's apuou rathyr to res[oratcou or rrpur of the Propeny
<br />or m 26e stut~ stcttred by this Mortgage.
<br />Cltdess I.endtr and i3etrowrr oiherwcse agree :n wrung, an} such appiica[son .+f proceeds to principal -hall r:ut extend
<br />ar postpotx the dot date of the monthly inszsllmrnts referred to m paragraphs and '_ hyrtof or chaiigt the amount of
<br />such inraalltnents. tf under paragraph 73 ltereot tear PNperry t> acyuurd h}- Lender, all right, olio and ,nterest of Borrower
<br />in s~d.tn any insurancy policies and in and to tilt pro;:rais thereat resulting from damage to the Proprcrs ntmr to the sale
<br />or aegitisition shall pass to Lender w the rktent of ±ht sunv secured b} the, Mangagt ;mmediatrly ptaar t., s.tch sale or
<br />acquisition.
<br />i. ltaptrvNinn and Afs:nteaaace of Propeny; Leaseholds; C'o~ominiams; 1'laoaed L`nit I3e,tlapments. Borrn->>rr
<br />shalt kelp the Property in goad repair and shall not commit wa>ie or pernut ;mpairment or detettnratwn of the Property
<br />and smell comptar with the pntsvisions of any lease if thta Morgage ;s on a leasetta}d. if this ~tartgag~• ;s on :a iron ;n a
<br />;:ontiomiaittm or a planned unit devefoprnr nt, 13orrc,..et <ltall pyrfaxm all =~f borrower's obligahuns under the dectar goon
<br />Ar a'^OVtitinte yiyaiitlg or governing tfty a?ndommnmi or planned rime drvetapntent, the by-1aw+ and reguVauon., of the
<br />cmd~iaittm or pfaitaCd uuwti devetopmenl ,end ;~n,.Ytiretna ~.v_umtnt=. !t a currdtvnin~t cr planned Wort devcl.,pmer--i
<br />rider is executed by Borrower and rr~orrlyd itsgyther •krtft this 4ortgage. ths; ::oernnnis :;rid rgrxment, o" uocls rider
<br />shalt be.iacorporattd inter and shall amend and napp;ement the w,enants erne: agreements cf rh,s M1fartgagr as at the rzder
<br />were a pwrt ttarof.
<br />7. TeweNian of Center's StrnniRy. t= Borrower fails to prrftsrm the covrnams and ngrtenients sontnrncd ;n the.
<br />Mortgage, ar if goy a-.tion or larucetdittg ix c.onnmtacrd whuh azateriatty atlcc is Lenders intert•.st ur the Propeny.
<br />ictelutCtn~, but not htosted to, emznrnt domain, snwtvcnc}, ctxle rnta7r.cment. or arrangements or prariYtinga invoV„ng n
<br />6anltrupi oX decedent, Fhen lxader at lxncler's i?ption, upon nouci• t., Bc Yrower. may make sleek appraranec,. J;s1+u: xr ,+. .
<br />swm and take such atriOrt as is nicexsarry' u, pro[rt i_rarder•, uete; ext. ,:uludtng, but not hooted to, rl„bursa•r:rent
<br />xearesoahle atwrtxy`s fees geld soles '+{ts-n leer Ptopyrty to make iepa;n Ii Lender requirccl rrc.,rtgagc tn,urnnvc .s
<br />conditYOa of making t6rs loan accurtci tcq this Mx:C',gap=c, Bnn cr,.cr shall pa} the prcmaums rtyu,ryd to mauu.r~n sriJi
<br />imtaanec in tt7ect until suet[ time as the requirenxnt fvr su4h insurance ,crmurates :n accordnn.~: week Hz*r t, we: •. .in,}
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