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<br />Urtit+oata Coverrerris. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Priac6~i and Interest, Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness ecid..:.ced 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, Fends for Ttarw and ilnenraace. Subject to applicable law or to a written waiver by Lender, Barrower shall pay
<br />to Letrder on the day monthly installments of principal and' interest are payable under the Note, until the Note is paid in fulh
<br />a stun (herein "Funds") equal to o^e-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twe!fYh of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />titre ro time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />'the Funds shalt 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 institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />itssuta^ce premiums a^d ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Barrower interest nn the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the tine of execution of this
<br />Mortgage that interest on the Funds shall be paid [o Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings an the Funds. [xnder
<br />shall 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 Funds was made. 'the Funds arc pledged as additional sxurity far the sums secured
<br />by 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 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 dray fall due, such excess shall be, at Borrower's option, either
<br />pr~spt!y r paid to Harrower ar credited to Bt-.rrawer an monthly installme.-.ts ~f Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay tapes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amaurst necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon pavment m fuA of all sums secured by this Mortgage. !.ender shall promptly refund to Aorrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property a sold ar the Property is otherwise acgmred by Lender, Lender
<br />shat[ apply, no later than immediately prier to the sale of the Property or its acyuisitian by LendeG any Funds held by
<br />Lender at rho time of agglication as a credit against the sums secured by this Mortgage.
<br />3. ApPlicts$!on of Payrneats. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Nora and paragraphs t and Z hereof shall be applied by Lender first ie payment of amounts payable to Lender by Borrower
<br />under paragraph ?hereof, then to interest payable o^ the Note, then to the princtipal of the Note. and then to interest and
<br />principal on say Future Advances.
<br />•E. Chttges; Lieffi. Borrower shall pay all taxes, assessment; and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments nr 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 />payce thereof. Barrower shall promptl}' furnish to Lender a!! nouccs of amounts due under this paragraph, and in the event
<br />Borrower shalt make payment directly, Borrower shall promptly iurntsh to lender receipts evidencing such paymcnte.
<br />Borrower shall promptly dixhargt any 3ien +vhtch has Fnoniy over this Marrgagc: provided, that $arrower shall oat be
<br />required [o discharge any such lien sa long :u Be.*rower shall agree in ursung to the payment of the obligation secured by
<br />such tiro in a manner acceptabic to Lender, or shall in ga>d faith contest such lien by, or defend enforcement of such lien m,
<br />legal proceetli^gs which operate to prevent the en[nrcemcnt of ihr hen or Pc>rterturc of the Progeny or any part thereof.
<br />S., I{azard lrtaureace, Barrower shall trap tbe ctngravements n?+v uxts€rng i,r barrel tr[ ecrctrd ou the Prt+Frrty :nsurtd
<br />agtunst loss t=y ore, hazards irtcludW within the term 'rvtcnded .:ovrragr'-, and such other hazards as Lender may rryuire
<br />a.ur: ut sty`. u,3,a,,,, --- such ~_r ~~ s - n:~r may rte,-_ire: i= -'.>`dicf, eta: t r:d}: Thal :r.. reyutr _ that ehe amaemt of
<br />suelE coverage c_euYZd that amount n# coverage reywrcd to pay the ,unn ,zctrczti by this Mortgage.
<br />'.'.tc- i~ura.;.v ~- z p,a:.-,,-.ng € ~ „°,3a;iare4c shat; `' tFc.~n ' v Sc..rr1?ls'er auu}cct i = uppraval e y Lender. F'rovrded.
<br />ti~at ~-f± ?pp3L+}m chest! ,pr ~ ,1^Rmi-?#~3?-Il' __Y.kx~~'.i_ ~_.~(t - °~rrk;.::F,.`. :'r; :n-34:rani~ S',liL'F ~ ;ff~ril ,- { aEd Ill the mAtinir
<br />provuiid urtdet paragraph Z hereof or, rt nut paid m such manner, by Borrower making paymem. when due. dertttly to the
<br />insurance carrier.
<br />Alt insurance pahcits a^d renewals thereof shall t>e m torn acccptaMi to Lender and shall include ., ,tandard mongagt
<br />dattse in favor of and rn farm uzeptabfi to Limier. Linder ,hail have the nght to hold the policies and rinrwals thirroL
<br />and Horroarer shall promptly #urnnh to Lender all rone~ael nouccs and all receipts of paid premiums. in the ivem of loss,
<br />Harrower shall glut pramgt Halls to the insurance carrier and l.tnder. t.indcr may makr proof of loss at not mode promptly
<br />by Borrower.
<br />Unle~ [,ender and Borrower uthrrwrst agree in writing, insurance prn;,ccds shall bi applied to rest:?ration ar repair of
<br />the PI'opetYy :laret..ged, pravtded sash tcstararro^ or rcp;ur is economically ttnsibli and the security of this Mortgage i,
<br />^ot thereby irtitsatttd. 13 such restarauun ar repair is nut economtcaBy #eusible .sr i( the security of this Martgagz would
<br />br itapnrraf, the msuranct proceeds shalt be applied to the sums secured h} this Mortgage, with the excess, if any, paid
<br />to Aarrcrwer. it !rte k'rufYrt} rs ebartdoned by Aorrower, err ii 13arnswer farts W :es{xrnd to Lender wnbm 30 days from the
<br />date nvncr is ntatled by Lxttdrr iu tiar^swer that rhr i^sura^co earner uQtrv ro ,igle a claim for insurance henttits, !.ender
<br />is authonred to aslkct arrd appl}' the insurance proceeds xt Ixnder's ~?ptson cnhrr ro restoration or repair n# the I>ruperty
<br />or to the sums securrd 1}Y this 4latt~e.
<br />t^!oas t..zauler arrd Barrowrr athrtut+t.~ :tKrce .n writing, an} suite :,pplinuion of prucreds to principal :hall not intend
<br />or postpone ;hc due date of the manthiv instnii.'nen[t referred io ~n paragraphs t and _' hereof ur change the :rmotmt of
<br />sut;h ut.tallme^ts. 1t usurer paragraph i d hrreot the Property a acyurctd b}- Ixndrr, all right, atle and interest at kiorrawer
<br />in and to arty irisuratwc poltctaa slut in and. to the prtx:otals tharrr>t rcsulnng trom tlamngr to the Property prusr to the sale
<br />:. + .._,,_ Et: t ~ }, i;=e.t ::' eta ty~' zttresl `~ rbe 'si t :+it=:tEViatcf`
<br />---, . ::_ __ ."=3 '_ ;.~--;.=r ~ - t ,.-s --..~ -4 ~ Haar - - i rr.~. --. x!"= =ar' "r
<br />t~sfukiliwr.
<br />B. Prrt€tnMioa ~ '3tYlferenttnrd stf f"rrrperly; Ixnaeftrrlds« CrxadOariniuri~« P!arrned Unit Develaprneala. Barrower
<br />strati keep the Property in good repair amt shell not canmit waste of permit unpatrrnent or d¢tcriaralwn of the Property
<br />amt shall campty with the pravistons of any lases if this Mongago ~s on .c leaarhnid. tf this' i,iartgagi i, on a u^u m a
<br />condarninium w .+ pfenruxi unit drvrlapmrnt, Horn=war shall prrtarm all of Borrower's .?bligauata under the de<•laeariun
<br />or cavenurts crraung or govetmng the comloaruuum or planned umr developtnint, rho by-laws :md reguletiom of the
<br />condamimum or planned unit development, and cortstittxnt dcxwnoms tl ,c cimduminium or p!annrd nnrt devr!orymunt
<br />rider is citte:er4:d ny Hor'rusvor ansl recorded together wuh then Mangage, the cnvrnantfl and aareinronts of each tiller
<br />ahtdl br iniorputaiat! iota amt shall amt:nti and supp!rrnarst rhr c:uverranes and agreements of this Mortgage as +i the rider
<br />arc a part herzo[,
<br />7. Ptrt>&u:AiRa a{ Lrxndere Seearity. if harrower fads to pirturm the covenants and agrennams +.~ontairtrd in this
<br />MarCgaga, vxr if say ac:ranr ur p[atxedtryl re wnurterntd whtah matrrially affects Lender's uuarest in rho Property,
<br />incitr5!ing, 1>ut n.x blotted tq rminont domain, insrSlvencY. ti't.'eia erilar.tmont. or atrangomentx ar pri+ceedinga involving ;:
<br />teonltaript Ut det~ont, ttrtn I.itrdor at Lerxier's option, upoa rtottie to Aiarruwer, may makrs sukh appiaranses, dasbunr suEti
<br />aiiniz arrd fake stall action as is ttacsaary to praCect l..endor's +merest, including: Fur not limited tr >3rsbur.imcnt „f
<br />rcaxenablr attorney-'s t arrd t^try upon the Property to make repairs. tt Leyuler required me+rtgagr insurance as :s
<br />r,.r, ci r~---rg t~ t;~r. tzsured ~ €hu-s fiaeig3pa. ;~reo;-.u-r shalt pay the prrmiumd resitnr+-rl :u mxmtam ,u4h
<br />tttsurattse io iffa~t tutu! stclt tuna as the rrrquirrmem for ,uch msmrance tatrnrnalts :n aicardnnce wub Harrawcis ,rod
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