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<br />i)MIFOAht Cov>;xirrrs. Borrower and Lender cnvcnant and agree as follows:
<br />_, Payment of Pried sled Interest. Borrower strati promptly pay when due the principal of and interest on the
<br />indebtettntss evidenced by the Note, prepayment 2nd late charges as provided in the Note, and the principal of and interest
<br />on as}° Futurt Advances secured by this Mortgage.
<br />Z, iP~~ for Tatros sled Citsmatoca. Subject to applicable !aw ar to a written waiver by Lender, Borrower shall pay
<br />zo Lender' on the day tttottthiy insta}{menu n€ principat and interest are payable under the Note, umil the Nnte is paid in full,
<br />a-sum 43terein "Fonda") equal to om.-tv:eifth of the yearly tares and assessments wfiich may attain pr}orify over this
<br />Motgtge, and ground-rents nn the Property, if any, plus ode-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium ia~altrnents for mortgage insurance, if any. all as reasonably estimated initiaify and from-
<br />time to time by I_ettder on the basis of assessments and bills and reasonable estimates themof.
<br />The Furrds shat! are held in an institution tfic deposits nr accounts of which arc insured or guararutxd by a Federal or
<br />start agency tincitzdang Lender if Lender is such an itrsiitution ), Lender she}} apply the Funds to pay said taxes, assessments,
<br />irxsuraRCe premianra and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying arrc! compiling said asaesstnents and bills, un}ens Lender pays Borrower interest on the Funds aad applicable law
<br />permits Lender to make such a charge. Bnttower and Landes may agree in writing at the time of execution of this
<br />Mortgage that interest nn the Funds shalt. rte paid to Borrower, and unless such agreemem is made or applicable 1aw-
<br />regttit~s such interest w tx paid, Linder shall not 6e required to pay Bnrrmver any interest nr earnings on the Funds. Lender
<br />shat) give to 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 rands was made. The Funds ore pledged as additions} security Lor the sums secured
<br />,, 6y 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 date dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said [aces,
<br />ens ;.=^~xnts, insurance premiums and ground rents as [bey (ail due. such excess shalt be, at Borrower's option, either
<br />prixnpily repaid to Borrower ur credited to Borrower on momhty installments of Funds. ff the amount of the Funds
<br />hdd by Lender shall not be su[ticiettt to pay [sues, aateA*ments, insurnce premiums and ground rants as t!;ey fall due.
<br />Bnnowtr shalt pay to [..ender any amount necessary zn make up the deficit,^ucy within 3'J days from the. daze notice is mailed
<br />by. Leader to Borrower requesting payment thereof.
<br />Upon paynunz in full of ail sums secured by this Mnngage, i.e^nder sha}I nromptly refund to Burrower any Funds
<br />held by [..seder. If under paragraph t& hereof the Property a sn}d ur the Prapenv ,s otherwise acgwred by Lender, L..^nder
<br />shall app}y, no later than immediately prior to the sole of the Property or its acquisition ny Lender, any Funds held by
<br />Caroler at the limo of application as a credit against the sums secured hp this Siortgage.
<br />3. Ap@iicnrion oC Paymeees. Unless applicable law provides o[hensvise.:ril payments received by Lender under the
<br />Nofy: artd paragraphs 1 aad Z herrnt shall he apptic-ci by 1_crttler first in Erayment rnF amaunis payable to Lender by Borrower
<br />under paragraph 2 hereof, thenta interest payable oa the Noce, then ro nktc principal of the Note. sod then to interest aad
<br />principal cxr any Future Advances.
<br />0. ~hargest L&me. Borrower shelf pay ail taxes, assessments and ether charges, fines and impositions attributable to
<br />the Prapetty which may attain a priority over this :siortgagc, and leasehold payments or ground rents, if any, in [he manner
<br />provided uad-er psrsgtaph :hereof or. if nett paid rn such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender a}I nouccs of mm~unts Jac under this paragraph. and in the event
<br />Borrawor shall make payment d¢ectW. Borrower shall prompty' turntsh to i.ender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnoritq over [iris 'vtartgage: pnrvnled. that Borrower shall not he
<br />required n> discharge any sucFt lien w long us Burrower shalt ag: ec m urn;ng to the pa}meot of the obligation secm'ed br
<br />such }ice in a manner a^.ccpi:ible to 1_ender, or shall in gcwd faith contest suoh liar. h}, ur defenJ enfurccrnent of such lien in,
<br />1e%ai pztcecttinga whielt eper3[a tv prevent the cnturcemeni uC the heel or fiv(cnurc of the Property or any part thereof.
<br />3. Hwrd Iamwnae. Borrower shalt keep the improvements haw c•+iatmg car heic:tfter steered nn the Property insured
<br />against }ass by lire. hrzards included wnhra the term '~extrrtded cuveriuc'-. soil such other hazards as Lender may req±rrrc
<br />d to :€uch atatcatata and fi~~ atnh penrxla as i_enaae may requirr; pn:rvt~ieJ_ that i:c~nJer ,halt not requne that the amount of
<br />suctx c€ev era%e ax+:ecd that antoun[ of caversge requsrcd to rte} !hc s;mxs se,:nrxl by ?; < 4tortsta;<e.
<br />The ins.traat. +. - ar;tet pravtdmg the rnsur-~c }tart tx chnxen b Bo:;uwzi suksie::t to approval by i.ender, provided.
<br />~a Wyfi aprrova; ahal: oc>z .;t uve sanault col. ~ti p~t~ln+r it v -r natty t i .idea ? be } i r, the ntarteer
<br />prtavrdcd under paragraph 1 txracf or rf rut } cl in aucft manner, b} Bt [tower rtakint, pav:u- tt a•heu du -,Jrrec Jy t., the
<br />ta5ttfatlee carrot.
<br />Atl insurance policies sod reernwals lh+erCOt chap hr to fonu acsotablc !n Lender .,nd shall include a stanJurJ mortgage
<br />dsuse in favor c[ stn! rn form accepiabtc to 1-ender. Lender sh:Jt hose the right to hold the policies anJ renewnis thereui,
<br />and Harrower shall prompliy `uruish to Leader alt renewal nuttws mad all receipts of paid premiums. In the event at loss,
<br />Borrower shag give prompt Holier to the lttsurana; corner and l enilet. LenJer may make pnrttt uF loss rt not made prompliy
<br />by Iktrrower.
<br />UNese, Lender amt Iorrower othetwiw spier in waling, insw once princeris shall tx applied to reaturudon or repair a(
<br />tam Property d;uttagad, providsa} such n^ntnratiun or repatr rs ccti>tw}aicatly leaatble .rnJ the security of this Mortgage is
<br />trot therehy impairod. if swh restorahott ur repair is out ccuituutic:Jl} icaaihlc or :[ the sesunty u( taus Mortgage w•cold
<br />Itt impaired, the atsuraace prtrceeda shall be aAltticJ to ttte sums soured b} this Mortgage, unh the exc~csa, if any, paid
<br />io B[vruwer. if the Prnl7Crt}- is :rbarxlonc^c} by konuw•er. or iz Borrower taJa o, resWatd to Lender wrihur 3q [lays [runt zEee
<br />dale no4ce +s nisi}eci by Lauder to Berr~wer that tt:e .nsueance .:.+trtir :;tir:rs t, ,,, - ., tarn: For ur.uranvc i,ener`its. i.en.icr
<br />is aulhurtzed to collect and apply the utawatxc pttx:ccds at Lcudcr'- optter. crthcr `tu restvratiun ur repair oz the Propern
<br />rtr W the awns ac.:uted by this Mortgage.
<br />Unless leader and Borritwcr otttexwlsr: agree ut wtuin$ -ray s:uh ap -sari- t - r ruiceds a rx;ns p- ah,ril urn extend
<br />or psxcipc~mc the due date of the months' instaltntcnts rctzr red to in paragraphs uJ ? htrv: t r.r ch rna~ the antoua[ of
<br />srnkt installments, if utWer paragraph 1 tf hereof the Hropcrt} ra a.yutrezl h} (.ender. ah right, trt{e auJ merest of Born+wer
<br />fn and m nny u>uuranec pcilicics a;td in and to the prrn:reds thereof resulting tnnn Jamagc to rbe Prupeny prior ict the su le
<br />ar acquisttion shall puss [o lewder to the e.xtcut ut the sutra secured h. thy, ~iottgagc ~mmedrateiy pour ur =uch sate oa
<br />acgnislttsu;,
<br />d. latcaerval#oa sari }labtienaacr of Pmpeny; L.;sehuidn; t'undamiuium:; Planned Unit Iteveluptttents. [S^reuu~r
<br />s<>t=ii k t~ prb{>rnJ irr g+;ad :vita-r arrd sF.i r .,.:: :rstc c ;~crrrui ~mparmrem c r detcriaruuun nt the Propcrt}
<br />and sftall cctsYtpSy whir the provicinits OI arty Icas4 if ttna :tfungage i ?n a Icauhtrld. tt rn tturtgagy rs on a uttii nt .r
<br />::vacfortiitiztz--t+ et s gianaed umz zSt;vt}upme:uF, Burrower .'ta7} pe'rirsrr;o all c:t Boy rs,wzr~a +>..tgatr+.ms rirtdvr thz Ja, -i.u aui,n
<br />ct ctsurazasts csatmg tx gt>vertung the ccmcknnaaunt .+t I:iaerneE} amt Jcvrlupment. the bylaws and rcpttiatioua ,rt the
<br />ccru3omiruum v planned writ dnvclupnrenz, grad constituent d.rsumrnt~ }f a cundununrunr or planned lout ,levelopua^ur
<br />nder .~-sat=dFed be ~~xrwat' ~ud rerut~lezl tagrthrr unit :iis4 \i+r,tg,tge. tlx r,. _.raui, .coil .ogcr.-c me;tis r ,nc-h eider
<br />chaff is ,aes=z~ rztc-d intfl and stta}I aascnd a.:ci 3upp;cnrrtt the w=enanrs wed aerecntcnrs uF rhts Mongngc as ti dh• nJet
<br />wSZe 3 pYtt Ipertntf.
<br />~': l=ta~ec~a ai C,Cadltb SecuritS. It Borr.sxet' Frtrts to pcnorm the iovw:nants :sari .{grrremenia ~rmz:tmt'd in ihts
<br />Mortgage, or rt any settou nr ftzxeeding +; ~,rnruknccsi which iust,.aialls atic.n t e~tJer's interest in the Yn+pcrty.
<br />iaskudiug, knit tart llnittad tu. >.•aaux.ru eSttrttain, inratlveuc}, ..x}c cnfosrcntcnt. o. ;u rangentents or procer:dings myuh~~ng a
<br />txaakruta at Jcz~ac4+nt, then i.r:tder at 1.,endeYs upUan, uptm noucc i,~ Bur r>surr. •nny make such ap('warans.s-s, ..lot>ur,. .ii:7r
<br />swus and' take such sectiorz as rs neicaitr} to praxteix IsnJcr'a mte rs~,,r_ ,:~iudmg. but nc.t 'unneJ ts, d:sbu~crnrul al
<br />t~a+~na`er++`. a:rruaap's ttt~s arNi cntiy upon the l'ro{x~.n} ter mike icpairs. it i_ender r4yui;eJ err>:tgaitc insur,sn.c• a.
<br />cteritiir+"~n ~,. maRUrg 't'ire 3rtan secwvd ire [iris le:igaKC, Y,osi:r.s4; ~-t- ti ,>a} tit. t;r~ntrunri rcquneJ to tnamta.-. r.
<br />ies..rt~t art ern t ..rte t .~,et-. e:a~. a _ .T+--. ~~'~; s.; ...._, ..,s-.. ter:,:-= i_,~. ~a ,•~ ._i i uz_.__ K.,._a Ir. ....wu.'; ..r.J
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