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~~~` UQ5334
<br />Uxmoattt CovExnxrs. Borrower and Lender covenant and agree as follows:
<br />1. Papmeef of Principd and Interest. Borrower shall promptly pay when due the principal 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 Mortgage.
<br />2. Faads for Tarp and Insrraace. Subject to applicable law or [o a written waiver by I ender, Borrower shall pay
<br />to Leader on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in fvlh
<br />a sum (herein °Funds") equal to one-twelfth of the yearly taxes and assessments wfiich may attain priority aver this
<br />Mortgage, and grotmd rents on [he Property, 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 estimated initially and from
<br />time to Lima 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 />state agency (including Lender if Lender is such an Snstittrtion ). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. [xndee may not charge far so holding and applying the Fords, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lendu pays Borrower interest an 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 Ftmds shall be paid [a Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to par Borrower any inrerest or earnings nn the Funds. Lender
<br />shall give to Borrower, tJithout charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose far which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />ft the amount of the Funds geld by Lender, together with the tuturc monthly installments of Funds payable prior to
<br />the due dates of tares, assessmems, irtsuwnce premiums and ground rents, shat) exceed the amount required to pay sand taxes,
<br />aaseasntents, insurance premiums and ground reins as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Horrowsr or credited to Sormwer on monthlu mstallmtnts of Funds, if the amount of the Funds
<br />hdd by Lender shall oat be str~ciutt to pay taxes, assessments, insurance premiums and ground rents as they faB due,
<br />Borrrnvu shag pay to Lendu any amount necessary to mate up the defictencc within 30 des}s from the date notice is mailed
<br />by Lender to Borrcwu requesting payment thereof.
<br />Upon paytttem in fait of aB sums .enured by th,s biargage. Lender shalt promptly refund to Borrower any Funds
<br />held by Lendu. If undo paragraph t8 hereof tht Proper+,y ss <old or the Property is otherwise acqutrcd by Lender, Lender
<br />s6ai1 apply, no Iuer than immediately poor to the sale .>t the Property er r[s acquisinon by Lender, any Funds held by
<br />fender at the tine of application as a credit agatnst [fre sums secured by then Mortgage.
<br />3. A~tiicadoa of Paysfealti. Unless applrcable law provsdes otherwise, all payments received by Lendu under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first rn paymtnt of amounts payable to Lender by Borrower
<br />trader paragraph 2 hereof, then to taterest payable on tht :`care, then to the principal of the Note, and then [n interest and
<br />prirtdpai an any Future Advances-
<br />, CYtges; Iieos. Borrower shat: pay al3 taxes, assessments and ocher char.rs. fine, and impositions attnbutable to
<br />the Property which tray attain a pnority over then Mortgage, and leasthold payments or ground rents, if any, in the manner
<br />provided under pazagraph 2 hereof ar. ~f oat paed rn such manner. try Borrower maltng payment, when due, directly to the
<br />payee thereof. Borrowu shag promptly f~'arsh to Le.~drr ail ^ouces of arnaunss due under thrs paragraph, and in the event
<br />Borrower shall make payntert directly. Borrower ;hall crampsly tumtsh ;a Leader receipts estdenang such payments.
<br />Barrowu shall ~romn~ly tiisCharge any lren :hsch has prrerty ;rs~er :hts !ifartgage- , ^v~ded+. that Btarnwer shat) oat 6e
<br />[squired to dischs_gt any' wch hen a long y Borrouer shat! agree to ..rsung to the payment of the obligation secured by
<br />such lien in a moaner acceptable to Lender, or shalt to Eaod iarth cnmesr such i,rn lay. or dtfend enforcement of such tier in,
<br />legal proceedings which epuate to prcvrm tht cniorCemenr ar the Vern .rr ?aritature of the Property nr an}' part thereof.
<br />3. }land lawtaaee. Borrower shad ?,etp the :mpntemrnts nau cxtaung .ar htrtaicer erecred nn tht I'napcrty insured
<br />against lass by fire, hazards included wrthur the term 'Yxtendrd .overage". and such other hazards a, Lender may requue
<br />and in such amounts and for su:h perrads as Lender may rrqurrr. , sovrdtd, tfrat Lender >hadl riot requcre [has the smount of
<br />such coverage excced that amount of catersgr rrqutred to pat alit ,um* ,e.:artd 'ax thu }farrcagc
<br />'[lie imttraace c-arritr pratiding the utwrance shall he cttasets by Borraurs ,ubtect ;.^ appro~a; h} Lrndtr. pra~~,ded.
<br />that welt approval shall not 6t ~ yW nahiy w-itlthtid. All prrmsums on msura.ur po,u:es ,halt ht ;acrd ::: the manner
<br />provided under paragraph 2 Stercat ar, rf na[ pasd :n such manner, by Borrouer mals.ng patmrna, •+:taer, dtre..:,rrctiy to the
<br />imuraacx Carrier.
<br />AB insurarecx pohctts and rturwals t.trertot shall Y'e en form .accepeeble to txniler ,nsf .':.:it :=;::ode ,:.ran-.?acv :n-ortgagr
<br />Claus[ m fat ~'as of alai rn Sarni acccptahlr [a Ltndtr. l.e nder .hzii h3+e the rsgha e.~ lint the p:asrtrs sod rentu a]> thrrevt.
<br />and 9or€otvsr shalt promptly furmsh to Lender ail renewal nouces anu alt rr:xapis of , asd nrrnrs~:nr> is tht rent nt ?.as>.
<br />BptrureF 5}l~li pat }~*nsrR nCrtsk'e ~ tbe InytlratiCt carrlrr amt Lrnd~.r. t_CS3rt n'av -^arr PF.V`t , i r_]b3 +: riRt n..2,nt ~nampz!}
<br />by Borrower.
<br />laraless Lendu and $~natrtr c+thrrt+tx :tgrec m unung, tn>urance prc>rrt:'.s shaS3 'x ~, pl,rd '+r rtseoratx,n : s rcpirr of
<br />iho Praptrty datryalcd, pmv,dtii such restoraz:on ar ;tpav :s ec n -mi-oily ess h a a .`:r ~.,°. y -.r ;^. ",t~rtg:gr :-
<br />not thutrby iraparred if snot: eey[orauon or rrpaar es not r.orwmrti a,ty tress hie .s :. nt ir; ut?r, t acs:, 4i nti ge uovid
<br />6e taspayrod, t;x tnsurascr prcu^eeds shalt rte xpplxd ti the >uans stc,.rtd i+. rhss ~t.ang;~gc :,+th the r+sr>t.:; xnr pa,d
<br />to Boarana+or 32 ti>f Propett>< ws atsatxiarn~ h> 8,'arrouer. or at $arrower tai':, t.., r~~.a,4 tv I code; a,thst: is dat> tsarn the
<br />date aw'u,x a aaraiwd b5 Lendu to Burrow rt [het the ansura~e :,>rnrr .~ritn t,+ >euk .~ asn; t.~t :n•..utatxr henri?rs, I3ndcr
<br />is audxinmd to :.o[kct acrd apply Fhe ru:urance pratcarda at I.rndtt s .+pta~rn r:titrr :~+ trstc~r:ataor, ~.n~ ~rpatr of the f'rc?peen
<br />tar io the ytnm +r utsd b4 Eitss Mortgage.
<br />Ursiess l.~adrr sad Bcrr,wet t>tiret+*tse agree :rr wr,ung ans ,u:h appitwuor..,t garoc+;tfls to ;.xsrs~;p;?? +hnl not extend
<br />cir ptxtpane rho due dart e; ttte monrls)} tnstaitmtnts reterrc !., parayirapM '. and ntreo; ,,r ~_hangt tnc amount .,s
<br />such anstal4ments. it ut>3et paragraph es lrreof the Property +> s.yuurd ht I.ertdrr, a;l t:gSi[. t.ttr n.ad -:.t,sc+:::t Besr.~wer
<br />m and to any tnsutanx polxcres and to and to -*tsc pr.>.-eeus there~+i ;exultrng rr>;rn, ilanregr t,. the Yrot+err. pr:.,r [o the s.,:r
<br />ter arapticooa shah pays m i.em`7et to the rxtrrt at the sort, secured vy this 0.tortgage ;Arn,edsatc;} pnc, :, >uch note or
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<br />~. 1tlesersatiaa aai NaiMoaaocx of Prapenx; 1-rasrAatds; t~uadttmioiums; Ptamred l~nit thteioprerrnts. f3nrrower
<br />shag kt^ep tits Pto~pes+y ire goad repair and s6sii not commit waste at pcrme unpattmeai ar detti,t~>rar-.;a oY :hc Pr:~per;y
<br />and shalt Comply with the pravissons of any 'sense :! tt±a. }fongage is ores a ieasrhosds! :ins. ?t<•ttgage ,w ., :<nrt in .:
<br />coadrwrtityrtnn ar a plantttd tutu development, Idturuwer shall preform ati of Bort,r„rt : anh~a;soas ^, Lauer alit dcdarauen
<br />ar ravnaautS creating ar govtrnuig il~ :crtyd..m:roam os planned unit detr3opment. :hr b} laws and ;esrrlataons of the
<br />aandominium ar piattned unit development, and canstttuent dc>v:umrnts It a .t>r.rormnrum oz pkE,Hoed :;net Se+. ri..prneat
<br />r i£ racrated `vy Harrower aril recorded t~~?+!•r w!th flits blorigage, ohs, ~,,ra,ants attd agreemcr,ts ; i ~uah rider
<br />ahaH be inrarpaxat~ rota anti stroll amttid :and suppktrtrnt the cittnants and agrernrrnts ss; thn Menga~ti a, .t the cniri
<br />was a pax[ hettaaf.
<br />7. lnMCtlw ~ Iwsrietra &eeality. tf Borrower fails ro prrtorm the covenants an•3 agreements .,rnta,ared rn the,
<br />Itfprya~e. cu if any action +x proceeding tt commetieed khich ma[enaiiy atIix.~ts Lrmiet~t ntterest t:r the Pn;pert.
<br />Nyeludinj, Msi riai limikNl ro, rmrtwai dasnain, insah•eriC}..::dc rtttercemtnt, tar arrangrrneoxn „r iars.rrdings ~nvoiv-rng a
<br />hwkntpf w doeedui, thin I.endct at l.sadtr's optron„ upca natite to &arnrscr. ciea: snare such alrptut'assae>. J+ifwrsf such
<br />saint and take such action ay rs ilet`CSSat} !o pratr.i Lrnder~y intCi cat. :.r~luhng.. hul nsai 7tm,ied '. d~erJtar x'ntent .'l
<br />tp:ppayyb3e atrozneY's fees and entry upt'm tht Property to mukr repast; et Lrniier requirr.3 morsy,age ms;aancc ..
<br />ciarditiivy of tootling fire loan sen:urrd by tilts lifortgage, Borrower sh.ui pay the premium> reyu;rcd so -naisu.t~„ sx:sh
<br />imurrraoe in effs+ct urstil such ttma as the rtgttirerurnt t'or such insurance tecnunatrs in avconiaax.e ..:th Baas, wcr ..,nd
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