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<br />Urrrrgaau Covtit+wt+'rs. Borrower and Letiber covenant and agrce as fotbws:
<br />L. Nayrtreat of Prlnetyt amt dmereaf. Borrower shalt promptly pay whin due the principal of and interest on the
<br />indtb¢ednesa c- :dented by the Note, prepayment and late cbarges as provided in the Note, and the principal of and interest
<br />on any Future Advances securiy by this Mortgage,
<br />3. Feeds for Tema aed tet~ee. Subject to applicable taw or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day trtanih)y installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sane iitereln "Funds") equal to one-twelfth of the yeary taxes and assessrnenis which may attain priority over this
<br />iiSOrtgagc, and ground rents oft the Property, if any, plus one-twelfth of yearly premium instaBtitents for hazard insurance,
<br />plus arse-twmiftle of ysariy premium iostaBmcnts for rnortgege insurancm, if any, ail as reasonably estimated initially and from
<br />liens to time by Leader an tbe basis of assessments ared trills and reasonable estimates thereof.
<br />The Funds shall be befd in an institution the deposits or accounts of which are insurmd or guaranteed by a Federal or
<br />state agency (including Lander if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge far so holding and applying the Funds, analyzing said account,
<br />ar vmrifying and compiling said assessir~rets and bi1Ls, unless Ltmder pays Borrower interest on the Fends and applicable law
<br />permits Leutder to math such a charge. Harrower and (..ender may agree in vest«ng at the time of execution of this
<br />Mortgage [hat inierdt on the Ponds shalt be paid to Borrower, and unless such agreement is made or appficabk law
<br />requires such interest to he paid, Lender shall not be required to pay Borrower any interest or earnings oa-the Funds. Lender
<br />shaft give to Harrower, without charge, an annual acwunting 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 seared
<br />by' this Mortgage.
<br />1f the amount of tl~ Funds held by i.ender, together with the future monthly installments of Funds payable prier to
<br />the dote dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums acid ground rents as they fall due, Stroh excess shall ix, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Harrower on monthly installments of Funds. If [he amount of the Funds
<br />p.ta M, t~~. chest ear be s',ar~i~rrt to pay r;ax~s, ?•~^~^ts, insurance premiums and ground rents as they fall due,
<br />Harrower shalt pa}' is Lender any amount necessary to make up the deficiency within 3Q days from the date notice is mailed
<br />by Leader to Borrower requesting paymem thereof.
<br />Upon payment iu fu6 of alt states secured by this Mortgage. L.endmr shalt promptly refund to Borrower any Funds
<br />hmld by Lmndes. if under paragraph ig hereof the Properly is sold yr the Praperry is otherwise acquired 6y Lender, Lender
<br />attali apple, iso later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held 6y
<br />Levdmr at the «mc of application as a credit against the sums secured t?y this Mortgage.
<br />3. Ap~fem:tlmn of PeymmerM, Unless applicable law provides atirersvism. all payments received by Lender under the
<br />Nate and paragraphs i artd Z hereof shat) be applied by Lender first in payntmnt of amounts payable to Lender by Borrower
<br />undee paragraph 2 hereat, then to interest payable on the Note. then to fhe principal of the Nate, and then to interest and
<br />principal an any Future Advances.
<br />4. Chaegest Idesre. Borrower shall pay all taxes, assessments and other charges, Hnes and unpositions attributable to
<br />thm Property which may attain a priority over this Mortgage, and leasehold payments yr groom! rents, if any, in the manner
<br />provided under paragraph ? hereof or. rt not pad in such manner, by Borrower making paymeot. when due, directly to the
<br />payee thereof. Harrower shall promady furnish to lender all no«ccs of amounts due under this paragraph, and in the event
<br />Borrower shall melee payment directly, Borrower shalt pramp«y tumtsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any Gen which has pnorny over ihix Mortgage:, provided, that Borrower +hall not he
<br />,:~est~ed w discharge aay such lien s.~ tang as Borrower shalt agree in writing to the payment of the obligation secured by
<br />sttcYt limn as a manrrer acceptable [o l.r:nder, or shalt in good faith contrast such lien by, or defend enforcement of such lien in,
<br />legal prtxrediriga whrch operate to preveae the enforcement of the Lien ar forfeiture art rhm Property or any part thereof.
<br />$, Ifesvrtt Itaaetsace, Borrower shall keep the rmpn,vetsxnt4 now existing or hereafter erected vas the Property msured
<br />~a'tt?st :~ lw fire_ hazards inclt_adad within ihm term "catendr.# cavmragc', and such other hazards to 1_ender may regwrc
<br />amt kri vaCF. (tn4a'~Uitla anu Car YtiGft pcrlads aY l.mn'-t€r R73Y frgnire; p!t'VIdC11. That !.C-ndiP Shutt n[it r~aUtR f[l'a[ ItIC ainVilnt of
<br />Y' __; }'~_' - r ~.~-ar~rt - -e*:cra~° t m;~d t y rhm , +r'.s 4?! ureEt t+y rh:t; t4'lartttare
<br />Yoe ansurtutem carFCr pravidrug the iusuran~ shalt be chosen ay Btrrrvwcr subjrct to approval by f.cndrr: pruvtded.
<br />~~.t. --ouch .-~;, ;,`tcI `~~.°~" ~t ~ ;, '~.,:~t x- ,tt~°I,':. - -1 t, ~r:itt t _t in;ur::::~~ tavl:cies Khali ^e na,.i n rem m -,ee
<br />~~- ~t ~r par~~.tt 2 :~-€{t v., J » pa-.tt tie sigh -~aa~r, h,- l~rrc vets nsa~ts~ Qayn:ettt, whmu~due, JtrPC.tlt tr the
<br />irtstuattit carrtrr.
<br />All insurance pealici~ ttttd rertawals thereof shall hr to form aucptable to Lender and shall ~na:lude :e +tandard mortgage
<br />clause to favor of and in frrm acceptable to Ixnder. i,Lndmr shall have [he right io hold the policies and renewals thereof.
<br />attd Harrvwmr shaft promptly furnish to L,mttder alt renewsi noucros and alt re mil?ts of paid premiums. to the event of loss.
<br />Botrawer nhaA gtvr prompt rioucr to the iusurancr carrier and !.ender. Lender stay snake prow[ of loss i[ nut ittade prornpQy
<br />by Harrower.
<br />Unksa. Lander tired Borrower atfimrsvisr agree in writing, insurancm prax:eeds shall tz applied to restoration ~x repair of
<br />rhm Property damage.!, ptvvrded stit:ls restarauan ear repair :s rcvtx,mically feasible and the severity of this Rfartgage r.
<br />eat titrraby impatrretl. it stash restaratian or sepals is not uonamicalty feasils{e or if' rhm secttruy of this Mortgage would
<br />bra unpaired, €bm trnursrxe prvcmrsis Stull t+m applied to thr simts secured by this Mortgage, wash thx excess, if any, paid
<br />to tiorrvv¢er. IS the Prapertl' rs attandonctif by Bc?rrawer, or ii Borrower tails to r:spund ro t_ender wnhm 3U days from the;
<br />datm aoW+x is mallet by f cndmr to Borrower that the msurancr carrier otfmts to Seale a claim fur insurance henctits, Leader
<br />is sutharized to :af~,:t and apply the rasurnnce prtxmmds at t.rnder's uptian either to rratoratian or repair of the Property
<br />ur to rhm sutrro arzurrat by this Martgaym.
<br />L)nimas t..entirr-aetd Hotrower vthmrwism agrcm to wrtting, any such app~hcatinn a( proccr€ls to prraespal shalt nut estettd
<br />is Ltpc+.rec thw dvc date of tbe ieiatuthiy insfaltmeuts rmlerrmd to in paragraphs I snit .'. hereof or change the arttuunt a't
<br />stn!! rnatailmmats. L utede: paragraph s[s hermvt rhm Ptapctty ~n acquired by lAndrr, ,all right, n«c and mtereat a,i Itnrr.,wcr
<br />in atW to any i«utuatnc palicimc aril in atsei fo the prorc~eds tharmvf resuhing from tlumagm to thm Property prior to the sale:
<br />or wulutsitiou shalt pass to Lettdmr to tip taRttt of the sums srcuzcd by this 3tartgage unrrrmdtate{y i,rwc i.+ +ueh +aic of
<br />6. mar ttiar~ +#aiaiiesi3~irs of p+~stg; t.€~zitu6+ts; tortd&ru:rt#trrt~F P~a~ t'rt'd 1Xsrl:rpttsems. !iorr:ewer
<br />shalt kmtsp zhe Ptapmny in gaaxi rcpxir aasd akralF eat ct?nunit waste yr Ixnnrt tatpaintsent i.r dmtrriaratrvu t,f rhm Propery
<br />Ynai lj r.~xpiy witLx tits ptavsuats +H any !sacra i{ thra Marig;tge as Jas a leasrhatd. It thu Mortgage is on a unn m a
<br />eaadvasimum t=r a piwrttretd oast deoeli~ptttmnt, Harrower .halt perturm alt of Borrower s r+i>ttgaeriurs under the ct.eciarat?vas
<br />ar eavaenknta crraurp` yr gt>varntrtg slut <andotstiaium ur planned unit devrlarpturnt. the by-lawn :trot rrgutsnuns of the
<br />cattdanvrvtmt ac pianaed ones davmlvpr[aev6 and c:unstiturnt dth:unlenis. Ii a iondommiuot or piannrd unn .IcvclopneeN
<br />risimr Is msa:'urmd try liVorrow~ and r~:ardmd higaihrr with ihes Mnrtgagr, the iovenan[s and asrc~ntrnt, .,t each rntat
<br />ehaH tx i:tcurparattid iota asxit stislk arrtettd atsd sUtyrierttem thm u>vrrtants sect :agreetnrnts a! tta, Mvrtgagr :,, a the rider
<br />werm a pelt kuret7f.
<br />7. Praux~so- e~ i_~der"s Ytr.'tgrllp. if Batsawmr fad4 rc parfatm tba cavmnancs and aarecmanta .-ontautnd m iMr+
<br />McttgKgt;, tit if way acliait its pitwacclntj{ rs a?mnier;a:ul '.viticn materiulty atieci.s t.entlmr--+ ~ntrtcat rn thr Pr,.pr rt y'.
<br />in€iudiug, test rteN hrrrited ta, n~mtnr+n tFanwin, insolvettc;y, crx)e rnfvrrmtsteatr, ar arrmtgermm~ts o. pnxrsxintgs utvotvm@ n
<br />tuuskr,_y"at ar i',~„-r:J¢ae, then i.erulmr xt [_wtides'* opuatz, upon nairce tit Hvrre,wer. may ntakm aa~h apnmara+ues, rtrst,urar +tich
<br />~: s~ ' `3-°q C~,~`h as<r?~+. e.~ f m.'~ p+'ext 't L~~r`c , et t, , _rcirxaisno, i,ut [u.t I:nut,.•c4 iv: Sisbirr~etttsat „t
<br />.~~$~n _ea.-'ra'g'e s~ xret ~tyy ups±a. t~ Pte_ure.tev te: ettake r+rpxae<.rif t._tu4ei re ~a~tt'r•.1 mrrrtgaye iniur n.:e a; r
<br />dutsd+itrru of uta&srrtt rbm loan t;~;wc+l 3sy thin Mortgage, Burraswz't sisal! ;:ay yhr ;>rrra:urea :rttu~rrrt '? nxaintarri .each
<br />s~armz^s its ms~me ttrttzt such ttrxte as ttrm~ rs<lttuK+rt~m~rt[ ivr cta.n .rtmuratnv icrantrair> err .,tt~a±aatx~.e w,ifr Ha*~>wer-~ and
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