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<br />L1t,FiFORM Covex tiers. Borrower and Lender covtnant and agree as follows:
<br />1. Paymenf of Prinri¢al aed lnfertst. Borrower shall prompt{}• pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note. prepayment and tale cha rge•, as provided iu the Note. and the principal of and interest
<br />en any Future Advances secured by this Mortgage.
<br />2. [reeds for Taxes and fasarence. Subjtct to applicable law or to a vvrii[en waiver by Lender, Burrower shalt pay
<br />to Lender on the day monthly installments of principal and interest are payable undc.- the Note, until the Nrne is paid in full.
<br />a sum {herein "Funds") equal to one-twelfth of the yearly taxes and assessments wfiich may attain priority over this
<br />Mortgage, and ground rents on the Property, if any. plus onatwetfth of }early premium installments for firazard msurartce,
<br />pins oat-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably esQntated initially and from
<br />fimt to time by Lender on the basis of assessments and hilts and reasonably estimates thereof.
<br />She Funds shall be held in an instimtioo the deposits or accounts vi which are insured or guaranteed by a Federal or
<br />state agency (including Lendtr if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />inSUt'aurco premiums and ground rents Lender may not charge fur so holding and applying the Funds. arial}•zing card account.
<br />ar verifying and compiling said assessments and bills, unless Lender pars Borrower interest on the Funds and applicable law•
<br />permits Lender to make such a chargt. Borrower and lender ma} agree in writing at the tome of execution of this
<br />Mortgage that interest on the Funds shall krz paid to Borrower, and unless such agreement is made or applicable law
<br />requites such interest tv be paid, Lendtr shaft not rte revolted to pay Borrower any interest or earnings on the Funds. bender
<br />shall give to Borrower, without charge, an annual auounting of the Funds showing credits and debits 4o the Funds and the
<br />purpose for which each debit to the Funds was made The Funds arc pled¢ed as additional security for the sums secured
<br />try this Mortgage.
<br />Tf the amount of the Funds htid h}• lender, togerhe: with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and emend rents. shall exceed the amount rzquired to pav said taxes.
<br />assessments, insurance premiums and ground rents as they tall due, such exctss shall he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower an monthly installments of Funds. If the amount of the Funds
<br />head by Lender shell not be sufFictent to pay tares, assessments, insurance premiums and eround rents as they Call dtse.
<br />Borrower shall pay to Lender any amount necesssrc to make up the ;ieficiyncy within 30 days from the date notice is mailed
<br />by Leadu to Hortower requesting payment thereat.
<br />Upon payment in Eull of sill sums saurtd h}~ this Mortgage, I.yndu shall promptly refund to (3arrawer any Funds
<br />held bu Lender. If under paragraph IR hereof !hc Prapyrt }- #s cold or the Pmpern• is othzrw i+a: acgeatred by l.rndu, 1-coder
<br />shalt apply, no truer thact immediately' prior to the sale ,+f thy Propen}~ or its as{uisiuvn by Lender. any Funds bald by
<br />Lender at the [lent of appiieation as a credit against the sums ,ettirexi h)'' tors Mortgage.
<br />3. AppBcation of Patentors. Unless applF:abte law pra~ndes ;~therxvisc. all paymems o~eccrved h}• L.rnder under the
<br />Nort and paragraphs 1 :tads hereof shall be apptued ny t,_nder tir..t in pavmertt :+f amvums payable o0 1_ender by Bnrmwor
<br />under paragraph k hereof, thzn to interest payable on the Nutt. then rtir shot pr!tscipal of thz Nou;, and thco to interest and
<br />principal on any Future Advances.
<br />+i. Charges; Liens. Borrower shall pay ail taxer, .uscssmynts and ;rihyr charges. fines and rmpnsurons attnbutahic io
<br />tht Property which may attain a pnority over this Mortgage, .end IeaszhuEd payments or ground rents. if anp. m rho manner
<br />provided under paragraph 2 hereof ar. rf nor pa!d .n such manner. by Burmu~er task n:g payment. uher. due. drrcctiy tv the
<br />payee thereof. Borrower shall promptly turnssh to Lender ail notices of amounts due under this paragraph, and in the event
<br />Borrower shall make pavmem dirtc t!}, Burrnwrr ,hall promptly tm'ntsh to 1_ender rtcyipts cvrdynymg sorb paymtnts.
<br />Borrower shall promptly discharge any hen whrch has pnontt~ over ih+s Mortgage: par+rded. that fioraswer shall nut be
<br />regwred tv dixharge any such lien sa long as Borrower sh:gl agree- in wntmg m the par atom of rtm uhhgamm secured by
<br />such lien in a mannee sGCtu[ahle to Lender, or ,Cali m good faith oF;mtcsr such lion hy. or defend emosF:cment of such lien sit.
<br />ttgal prcttbt.4in~3 .vhFC:t per;i€e to e ~><em :;:c cote+;ceflFeut ui the Irtr - r [orteitttez iFf tiro Fr,ke :°~ ::r -si} noel ;hereof
<br />S. JFfarar6 lnsterantt, k3omtwer shall keep Uac rmprovc•mrnts non exrstang ,,r Ircrtatttr erected r,n the Pnprrty :nsuryd
<br />against Ives h4 Eire. hazards included wathm the tarot ~~extendtd urve~.ragc.`. and such other hazards as Lender mat reuuve
<br />and ±n saach :unvunt< anti for ±u4:h penuds az [ cstdyr mat' rcqurry, , .+':!dei!, tEtaa €..cr!tttr shal0 nv1. rzgmrc !hat !hc anauun! t,f
<br />such cuvt:ra>2e exceed that amount . t ~uscrage rcquncd to n- tree sr,m - r ;v,rt^cl by this hiarttia.gc.
<br />~I-Ae tnsurnm:e carne provFdtng the msvrarx;: vhak! Irye. ttoscn !ark €3orruwcr cer b;ect r::r :ipprava! b} [ender. ;xovidtd.
<br />tltsr ,s-fi _ _~a .r.~tl w assx .~F.li .s,i ..u ?:!r its: .r:...sur.;.. - ^--l:e:aa st, h° .~ ,,. the ....
<br />provided underparngraph~2t2'terroi}~ar, yt•nut.pard invsucit nFamrer,•hp Barrrnwur inekmg p.Fymant, when~duc, duectty ut~the
<br />in5nratlCt carrier.
<br />All insurance polietes and rerrcwaH ihereot stall tx~ m intro .,.cepiabla to Lender and shall n!dudc e ,rands rJ numgage
<br />daunt sit favor of and !n farm :uceptahit to tender. Isndyr ,hall have the r!ght ti, hold the policies :end renewals thereof.
<br />attd Borrower shall prompCy &rrntsh to Linder all renewal ounces :urJ .dl receipts of paid nrenuurns. In the event of loss.
<br />Borrower shat! give prontpt nonce so the msurtnce senor and Lendtr- Lendtr may make proof F,t loss Ft not mado promptly
<br />by &>(rower.
<br />Utticss Lender and Horrowtr othyrwvsy agrcc u't wuung, uF.wruacy pn•czyds shah he appl!ed to re+mration nr report of
<br />fire Property darnagcd, providtd such resturauon or repot; a ycouemrcaily tc, sthit and the ,runty of then Aiortgagc r
<br />not thereby impautd. if such resurraunn or ry}>arr ss oat tronomrcally leasthlt nr it the cccunry of thee Mortgage would
<br />be imparted, the msuraote prw;teds shall Ix applied to the runts ucurc.! ho- thee Mortgage, with the esczis, ri any, paid
<br />[v Borrawer. tf the Froperty rs abartdonett t,y tiurr+rwzr, ur ,! Boimwtr tail~a rcr res}xnrd to l,cudyt wr(hur 30 da}, Irom the
<br />date notiCC is ntadtti by [xndzr to Burrower that rho rnem ante :erase otltrs. to seuie a darn's for mnurancy benefits, fender
<br />is authatized to cv!Iect and apply tin m,urancr pnkezds :u Lcndyt s ,ipnnu other to restoruutu ,a- repau of the Property
<br />or to eht sums secured h}' this Mortgage.
<br />Unee Lcndor and Bvrrowu othyrs+'!x agree ,n w!!hng, an} such app!icevon „t pru.:erais m prrn.:rpa! ,bah not cx+end
<br />yr }wstponc the: due date of the tnunth!} instaihnenrs rdyrred to ua paragraphs 1 an 1 ? hzreot ur chataga the anruum ,Ft
<br />stash tnsraFintynts. It under paragraph .8 htreuf the Pntpen} rs acquued ny i_et:iler.:rll nght, title and merest „i Borrower
<br />ill atui to any inyntan.c potsitg and m and to the prvicetds !hereui reeulung taxer tlanmgz to the Property prrnr to the sale
<br />yr aeyuisitwn shall pass to Lendtr w thz estznt tit the sums ve.:urtd h} this Mortgage rmnttdiately prn>r to such sale o!
<br />act;uisiiivn.
<br />6. Preaervat3aa and vfrrintenanaa of Prtlperi}; ixwzievieis; L:nnd+>grtiaiutnr.: Planned Lnit iLeaelupmxnts. ttm~ruw er
<br />:(tali kzeg tttc Prop€rt}• in gcxFd reps' and stroll not .arntttit waste ur ptrrm!e rntpatrntynt +. ,icterroratron „! the I•r _rtr
<br />anti mall Comply wilt- Qte pcovisivns of ant tease ri Chu Mostgagc~ i+ - n ., iyauhutd. tt Chi Mortgage r. „n ,3 umtrw s
<br />eoadtsrninsvnt ur a planrxd unit dzvclapmen4 Borrawer shall }'r:rtona adt c; 9orr:wer~s rhhLzeuenr> under tare d ~aarrttun
<br />yr covtnattts creating yr guvtmmg, tM; condumrmwn nr planesut rrnn devyPoputcut, the hy.,awn .end rcguluti,?ns ~,i the
<br />condornmtum or planrrad unit developmeru, and aonsuascm documt•nts. It a con.ivrn!nium nr !+lanned tnr~t dev ciopumnt
<br />rsdtr x4 ezecik£cil by Burrower and re<txdrd tr,,gerhet asl'n then Mortgage. the cos enwsvs and agrP~ernents ,y .ach rider
<br />sheik lu lnce,r}wxatrci into and she ii atttend and wpptenzznt the covenants avJ agte+aututs tit th!s Mot tgags~ as ;t the ndcr
<br />wtrt a part hereof.
<br />?, Ptofecfirm vf. I,eflder's Security', if Hvrrow.yr saA.s to pyrtornt the uFVZriants an.l agreenunts :,rnta:ned m ties
<br />Moaga$t., ar if an}' attiiut ar puxzoding c cvtnnteuczd whrch matenaif} afiecta ixndtf, mtnrr.,t an t u Pr.+pcrty,
<br />srtsdtuihtg. tort ruFi ifmurai tn. torment dvnsnin, msotvzns:}, ::ode rrteresntcn;_ ur aF rangautcurs ,=, p!.?scctiingst rev ulvrag ,e
<br />ttahkrupL 4[ tieadtr!4 tttgn Lauder at 1_ender's olNVhs, trLn,ne !ieR~ to Bou siw-c!, ma} make :-es.h ap}ts:atan: e., drsburee ouch
<br />stelae sad take swat .c€ion as is stti:z34ar} to protect 1_eadts's interest. iuc!u,3erey: I*ut n,.t nm::eu to, :}r,buracntent "C
<br />rF~°`Ktav:,ta a c, .arts colt} up4t; ttce 1'rupA-zt} su suakc 'e}~a.rs. .. t.c~ucr „qus:. ri.rigage :n,uran<y
<br />'r'rixt'~'.DY. n.r~ =rrs. !abr. a+r.r=~'J ky fir.: •., ii~dxi,Y. IFw:r+c~wt` :a,x ai ,__ _ c.1_i. r;.i cyi+:izu ,aliiia:il u
<br />F2Y3Srtt'3,rrlF: In etft-~i rititFl ssFSik tttGa a§ !lie reSti#Lt4tr8Kn1 (rat x Seth :[y.;ur n C ':'lYitnat _ ,! -,..t,_IdAn~i~ -.t ifn $:F4 r~,y:;r 3n•-i
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