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<br />Urtre~oxM CovErutrrs. Borrower and Lender covenant and agree as follows:
<br />1. lsymnt of 1Rrhrciptd attd latereet. Borrower shall promptly pay when due the principal of and intones' on the
<br />ittdebtednw evidenced by the Note, prepayment and late charges as provided in the No[e, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. FutNt for Tiara rand ]lawsance. SubjeM to applicable taw or to a written waiver by Lender, Borrower shall pay
<br />Yo Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a-sum (herein "Funddq equal to one-twelfth of the yearly taxes and assessments which may attain priority aver this
<br />Mortgage, and grotmd rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plea one-tsrelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lsnder on the basis of assessments and bills and reasonable estimates thereof.
<br />The Foods shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />slate agertay (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxta, assessments,
<br />insurance premiums and gtotttrd rots. Lender may not charge for so holding altd applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Ltmtkr to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage flm4 interat on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires Such interat to ire paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaBgiveto 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 the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assegmmts, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />aaeaanents, insurance grctnirrms and ground rents as they fall due, such excess shall be, a[ 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 Leader shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />BorlorrR shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon paytnem in full of ail turrna secured by this Mortgages Lender shall promptly refund to Borrower any Funds
<br />held by bender. If tender paragraph IS hereof the Property is sold or the Property is otherwise acquired by Lender, !ender
<br />shall apply, no later than i[nmcdiately prior to the sate of the Property or its acquisition by Lender, any Funds bald by
<br />Lender at iht tint: of application as a credit against the sums secured by this Mongaee.
<br />3. A~iiraWtrte of Rayaeats. Unless applicable law provides otherwise. all paymenzs received 6y Lender under rite
<br />Note attd paragraphs l and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, ;hen to the principal of the Note, and then to interest and
<br />principal an soy Fattrre Advances.
<br />1. ~ Miens. Borrower shall pay all taxes, assessments and other charges, fines and Impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold paymenzs or ground rents, if any, in the manirer
<br />provided trader paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Botxosver sltalJ promptly furnish [o Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shag mate payment dirrtty, 13otrower shall promptly furnish to l..ender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priorry over this Mortgage; provided, that Borrower shall nee be
<br />required to discharge any such lien so long as Borrower shall agree in wrung to the paylnent of the obligation secured by
<br />such lien in a mamer atxeptaMe to Lender, or shall i~ goad faith contest such lien by, or defend enforcement of such lien in,
<br />legal procadings which operate to prevent the eaforttment of the lien or forfctture of the Property or any part thereof.
<br />S. 19aasati laanaaaro. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against lass hY file, hoards included within tkte term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and far such periods as Lender may require; provided, that Lender shall nut require that the amount of
<br />such cgverage exceed that amount of coverage regwrzd to pay the sums secured by this Mortgage.
<br />The imtrtame c~[:Ier providing the insurantt shall bt chosen 6y Borrower subject to approval by Lender; provided,
<br />chat such approval shall Trot be unteasorrabty withheld. AU prcmituns on insurance policies shall be paid in the manner
<br />provided under paagrrph 2 hereof or, sf not paid in such manner, by Borrower making payment, when due, directly to the
<br />imurance carter.
<br />AB iimurancc policies artd renewals titeteof shall tx in farm acceptable to Lender and shall include a standard mortgage
<br />aJawe in furor of and in form accepubk ea Lender. Lender shall have the right to hold die polities and renewals thereof,
<br />and Bartvwer sbirll pramp[ly furnolr tq t_tndet at! renrtvai nonces and all receipts of paid premiums. In the event of loss,
<br />BOtrosrer shalt give prompt notice is the insunttce carrier and L.eoder. Lender may make proof of loss if not made promptly
<br />by Borretrer,
<br />Utdera header and li{osrotver otherwise agree +n writing, insurance proceeds shall be applied to restoration or repair of
<br />the Ptoparty dammed, provided slash Ie€taratian or repair is economically feasible and the security of this Mortgage Is
<br />trot tMreby impaired. If such restoration ox repair is r>ot economically it:asibie or if the security of this Mortgage would
<br />be ira+praired, the ins€rraace proceeds shall 6e applied to the sums secured by this Mortgage, wuh the excess, if any, paid
<br />to Borrower. if the Propany ~ atsandorted t+y Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date naUge is mailed by Lender to Borrower that the insutsnix carriu alien to se[Sle a claim for insurance benefits, 1_tnder
<br />is arrthotiaed to collect and apply the insurance prtaotxds a[ Lender"s spoon either to rtas[aration or repair of the Property
<br />art to tin tauos secured by this Mortgage.
<br />U>dpa Lt:oder and Borrowtr otherwise agree In wrtuag, any such application of prxeeds to pnncipai shall not extend
<br />Q< paNtpooe the due dale of the trtanthly iitstallmeuts referred to iu paragraphs ;and 2 hereof or change the amount of
<br />strth imtallateots. if unkr paragraph 1$ hereof the Propert} is acquired by Lender, all right, title and interest of Barrawer
<br />lilt std t0 any i...,.ra.~ policies and in and [o the graceeds thereof residting tram damage to lire Property prior to the sale
<br />or acaiuisiiion shag pros to Lends is tlx extent of t)~ sums secured by this hortgage Immediately prior m such sale ar
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<br />~ lsaaaevatiaa it~ Maiaitosnce of ltepasty; Lsase4oidG Citodowiaitrtws; 1'laeatd Uttiit Ikvelopmcots. Borrower
<br />shall. i€e6p the Property In g4t'rd repair and shall trot commit wane ar permit impairment nr deterioration of the Property
<br />a6d tdrall y with the pravisiooe of auy lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />copdomialirm or a piaeoed tutu devek>psrtwt, Borrower shall perform ail of Horrnwer's abhgations under the dzcfarauon
<br />of covaaaots ereretisg ar governing the carrdrminittm or planned unit develaptnem. the by-taws and regulations of the
<br />candomintmm at planaal unit develgpnrent, attd cot[srittxat dawtmnts. if a wndominfum nr planned amt dzvetopment
<br />a°idet' is eaecuttpd by Borrower sad tireaCdecl together with this MarigaYe, ehe covenants sad agtex;mems of such rider
<br />tlhry b+e iocorprttasad into and shag anutStl arxi supgltmletti the Covenants and agtecments of this Mar[gaga as it the tidar
<br />were a „part l[sspnf.
<br />7. gtiAttesttaa M 1~atlMt'a Saeaeilf. !E Borrower fails to perform the cavenunts aril agreements catuaiazd in thrs
<br />1i(PryyC, ~ if soy aclioa ar ptooexdtng is Catlarrlcnccd which mauriatly aHcet; Lender's uuerast in the P+opariy.
<br />glKlltfihYj, irtt opt limited [a, bmirtcnt domain, imolvcncy, cixlc znfarczttten4 ar arr:.ngernant€ or prncecdings involving a
<br />httalktYp4 or dtacedaai, thee L.etxter ai Leader's option, tipnn oolitic ra Borrower, rosy make such appearances, dtsfiurx such
<br />atttmt and tape such actiou as u necc€sat}• is pratcri Ixnder's in[zrest, rruladsng, but not limited to, disbursenicnt tit
<br />tEeaairarat+ie sitomey'a fees sod entry upon the Property Yo make repasrs. if t.rittkzr required mortgage utsuranec as :+
<br />aooditiaa of matity ibe loan secucred tr, this Mi,rtgsge, Burrowir shall pay the premiums requrred rr rnainU++n snih
<br />i[aeweocc in elC•ct trna7 such time as the requircmeas for such rnxuranCt: terminatr€ to sccnrdance witfl Borrarwes's and
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