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<br />UNIFORM CovENnrtrs. Borrower and Lender covenant and agree as follows
<br />Y. Payment of Principal 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 m the Note. and the principal of and intemst
<br />on any Future Advances secured by this Afortgage.
<br />2. Fonds for Tana and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shalt pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sttm (herein °`Funds") equal to one-twelfth of the 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 instalments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any. all as rea<_onably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits nr accounts oI which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution ). Lender shall apply the Funds to pa}' said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and 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 Lender w make such a charge. Borrower and Leoder may agree in writing at the time of execmion of this
<br />Mortgage that interest nn the Funds shall be paid 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 Burrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debris-to the Funds and the
<br />purpose for which each debit to the I"ands was made. The Funds are pledged as additional security for the sums secured
<br />by [his Mortgage.
<br />If [he 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 />assessments, insurance premiums and ground rents as they fall due, such excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Fords. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums xnd ground rents as the}' fall dire.
<br />Borrower shall pay to Lender any amount necessary to make up she deficiee.y within ?0 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held 6y L.ender. If under paragraph 18 hereof the Property is sold or the Propertq os otherwise acquared by Lender, Lender
<br />shelf apply, no later than immediately prior to the sate of [he Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of applica6en as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise. alt payments received by Lender under the.
<br />Note and paragraphs 1 and 2 hereof shall be applied by Leader first m oaytnent of amounts payable to 1_ender by Borrower
<br />under pazagraph 2 hereof, 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. Charges; Liras. Borrower shall pay all rases, assessments and other charges. fines and impositions attributable to
<br />the Procerty which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid m such manner, by Borrower making payment, when due. directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Linder receipts cvideneng such payments.
<br />Borrower shall promptly discharge any lien which has priority ever this Mortgage: provided, that Borrower shall not be
<br />required ro discharge any such lien so long as Borrowu shalt agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such hen hy, nr defend enforcement of such !tan in.
<br />legal proceedings which operate to prevent the enforcement of the hen ur forfeu are of the Property or any pan thereof.
<br />4. Hazard Irssurance. Borrawer shall keep the improvements now existing cr hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "exrended ccvcragc", sod such outer hazards as Lender may requue
<br />and itt such amounts acrd for such periods as l..ender may require; pravidcrl, that Lender shall not reyuire that the amuaat of
<br />such coverage exceed that amount of coverage required io pay the sums se~cm-eu ray tilts +.furigagc.
<br />The insurance carrier providing the insurance shall he chosen by Borrawer suhject to approval h}' Lender, provided,
<br />Ghat such approval shalt not bo unreasonab'sy t•ithheld. Aid premiums tin insurance p=.+licies shaii be paid .n the manner
<br />provided under paragraph 2 hereof ar, if not paid in such manner, by Borrower making payment, when due, directly t.. the
<br />insurance carrier.
<br />All insurance polices and renewals thereof shall be in form acceptable [e Lender and shall include a standard mortgage
<br />clause in Cavor of and m form acceptable to 1-ender. Lender shall have the right to iwld the policies and renewals thereof.
<br />and Borrower shaii promptly furnish to Linder all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrvwer shall give pmmpi nonce to the insurance earner and Lender. Lender may make proof of loss it not made promptly
<br />6y Borrower.
<br />Unless Lender and Borrower otherw se agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />[he Property damaged, provided wch restoraton or repair is economically ieasible and the security of this Mortgage r,
<br />not thereby' impaired. If such restoration or repair is not econonuealiy= feasible or i[ the securny of this Mortgage would
<br />6e impaired, the insurance proceeds shall be applied to the sums secured by this Mortgage, wnh the excess, if aril, paid
<br />m Borrower. if the Propert} is abandoned M Borrower, nr it Borrower fails to respond to Lender within 30 da}x from the
<br />date notice is mailed by Lender to Borrawer that the insurance nurser otters to settle a claim for insurance benefits, Lender
<br />is authorzed tit collect and appl}' the msuranx proceeds at Lender's option either to restoration or repair of the Proper}
<br />or to the sums secured by this Mortgage.
<br />Untrts Lender :cod Burrower otherwise agree m writing, any such application of proceeds to principal shall not extend
<br />ar postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />sack mstaliments. It under paragraph 18 hereof the Properq= is acyuired by Lender, all right, title and interest of Borrower
<br />in and m any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior tc the axle
<br />ur acquisition shall pass to I-ender to the extent of the sums secured by this M1lortgage immediatel} prior to amh sale or
<br />acquisition.
<br />b. preservation and Maintenance tit Property; Leaseholds; Condominiums; Planned Unit pevelopmen[s. Hnrrower
<br />shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />and shall comply with the provisions oC any lease .f this Mortgage is on n leasehold. tt this Mortgage is on a unit in a
<br />condominium or a planned unit development, Borrower shall peribrm all of Borrower's obhgauons under the declurauon
<br />or covenants creating ur governing the condominium or planned unit development, the by-laws and regulations u[ the
<br />condominium or planned unit development, and constituent dxuments. If a condominium or planned amt devclopntent
<br />rider is executed by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />were a part hereof.
<br />7. Protection of Lertder's Security. If Borrower Calls to perform the covenants and agreements contained in this
<br />Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon nonce to Borrower, may make such appearances, disburse such
<br />st[ms and take such action as is necessazy to protect Lender's interest, including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry upon the Property to make repairs. It Lender required mortgage insurance as a
<br />condition of making the loan secured by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />insuranc?- la effect anti! such time as the requirement £or such insurance terminates in accordance wnh Borrower's and
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