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<br />UNrfr}4M Covor;sv-TS. Borrower atxi Lender covenant and agreE as fellows:
<br />I. 1?aymtat of Prfaeig>i aa$ It#erest. Hcrrower shat! prompi}y pay when due tF;e principal of roll interest an the
<br />indebtedness tvidettoed by the Note, prepayment and late charges as provided in the Notq and the prirtcigal of aad inures[
<br />oa any Future Advanzrs sectutd try this Mortgage.
<br />2. i i~•ar Taus ~ ii>ma>rt~re. Subject to apphcabte law or to a arritten waiver by Lender, Borrower shah gay
<br />to Lender on the day monttily installments n€ principal and interest are payable under the Noss, until the Note is paid i :full,
<br />a sum fherein "Funds" j egtiaf to one-twelfth of the yearly taxes and assessments which may attain priority aver this
<br />Mortgage, aad ground rents on the Property, if any, plus oao-iwelfth of yearly premium installments for hazard insurance,
<br />plus ons•nvelfth of yearly premium installments foe mortgage insurance, if soy, ail as reasonably esiitnated initially and from
<br />time fa that by Ixnder on the basis of assessmenu and bilk artd reasonable estimates thtreaf.
<br />The Funds shalt be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />staff agency {including ixnder if Lender is such an institution}. Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may t+.ot charge for so bolding and applying the Funds, analyzing said accauni,
<br />or verifying artd compiling said assessments and bills, unless Leader pays Borrower interest on *.he Funds and applicable law
<br />permits Leader to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage chat interest on the Funds shalt be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest tQ he paid, Lender shall not be required to pay Borrower any interest or earnings oa the Funds. Lender
<br />shall give to Honower, without charge, an annual accounting of the Funds showing credits and debits to the Funds aad the
<br />.. parpass fax which each debit to the Fitas was made. The Funds are pledged as additional security fdr the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future manthiy installments of Funds payable prior to
<br />the due dates of taxis, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxis,
<br />assessments, ins+.trauce premiums and ground rents as-they fail due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower vn monthly installments of Funs. If the amount of the Funds
<br />held by Leader s'ttaiE not be sumcfea*_ to pay taxes, assessments, insurance premiums and ground rents as they fail due,
<br />Borrower shall gay to Lender nay amount necessary to make up the deficiency within 3ti days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upan payment in full of all stuns secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If ui[der paragraph Y8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior ro the sale of the Property ar its acquisition by Lander, nay Funds held by
<br />Loader at the lime of application as a credit against the sums secured by this iongage.
<br />3. Apt a[ Payaieats. Unless applicable law provides otherwise, all payments received by Lender under tfie
<br />Note and paragraphs 1 aad 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under pazagraph 2 hereo€, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on nay Future Advances.
<br />4. Chaeges; Liens. Borrower shaft pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehatd payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner. by Borrower making payment, when due. directly ro the
<br />payer thereof. Borrower shall promptly ftunish to Lender 211 notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien wfiich has priority over this Mortgage; provided, that Borrower shat! not be
<br />required is discstarga any such hen sa long as Borrawer shall agree in wnirng to the paynteni of the ubligatiorr Secured by
<br />reel 1is_n in a meaner acceorabie to Lender, ar shalt in ga+.:d faith contest such lien hy, ar defend enforcem>_nt of such lien it,
<br />legal proceedings which operate to prevent the enforcement of the hen or forfeiture of ttte Proper[}' or any pan thereaf~
<br />5.b!aurd fnsuraace. Borrower shall keep the improvements now existing ur hereafter erected on the Propeny insured
<br />aga2:St EGSi by .lie. h ' ..S inciudzd Wlfinn tii2 term '~en~cn - Cev'rag2 '. and 5iii:f Oihcr haZarriS a =---- -- rcgiiiiz
<br />aa~l in such amounts and for stclt periods as Lender may regac-e: provided. [hat Lender steal! n::t rEgi,i= that ttte ra}mount of
<br />snch cove:age exee~s that amwai aT coverage eequireu' is pay tnc Burns secured by ihrs Moiigagc.
<br />'I7ie insurance carrier wovidina the insurance shah be chosen by Borrower nebiect to aooroval by Lender. utovided.
<br />that such apprcvaf snail not be uru-e~asanably witithHd. Aii premiums on instnsmce policies snail he paid m the mariner
<br />grsvi~c: ilea-e; faragrapr, 2 herta'-f ar, if oar paid in such manner. by ;Burrower making payment, when due, directly ie the
<br />insurance rattier.
<br />AB Insurance policies and renewals thereof shall be in form xweptabfx' to Lender and shall include a standard mortgage
<br />clause in favor of and in Tarm acceptable [o Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish to Leader ate renewal nollces and all receipts of paid premiums. f n the event of loss,
<br />Borrower snail give prompt notice to the insurance carrier and Lender. Lender may make praot of loss t[ net made promptly
<br />by Harrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall 6e applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this bfortgage is
<br />not thereby impaired. If such resto[atioa or repair is net economically tensible or it the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the stuns secured by this Mortgage. u'uh die excess, if any, pard
<br />to Borrower. tf the Propeny is abandoned by Borrower, or it Borrower tails to respond to Lender wuhin 3U days from rite
<br />dart notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, I ender
<br />is autheriud to collect roll apply the insurance pztxeeds at Lender's option either to restoration or repair of the Propeny
<br />or to rtes solos secured by this Mortgage.
<br />Uulesa Lender and JBorrower otherwise agree to writing, any such appiiwtian of proceeds w pnncrpxi shall not extend
<br />cr po-sipane the due date of the mssnthly instatlt-..tint, referred to in paragraphs 7 and ~ herzat or vhange the amount as.
<br />such installments. If under paragraph lg hereof the Propeny is acquired by Lender, art rght, u[le and uitcresi of Borrnwe,
<br />in and to any insurance policies and in and to the proceeds thereof resulting tram damage to the Property prrur to the ...;e
<br />or acquisition shah pass fa Lender to the extent of the sums secured by thin (xf origage rmntedtateiy prwr to ;uch sale or
<br />aey:-.iaitiort.
<br />t":. ,eevaifou atul Pvfttiate:satx'e of Prupertr; Leaseholds; f'ssndutuisiuuaa; [;Eareaed iitut i?eeelauments. i;orruwer
<br />shall keep Site Properly in gcud repair and sftali nut cammit waste ur pertmt tmpa;rment or detesiarat.un of the Property
<br />atzd shall comply with the provisions of any lease if this Mortgage ~, on :. !casene+id. I: this Mortgage i; .. r:nu ;n a
<br />egttdotuinfum or a planned unit development, Borrower ,hall perform ate of Barrower's obhgauon~ under the dccl arauon
<br />ar covenartts creating or governing the condominium or planned unit der-elopment, the by-laws :roll reguiauons of the
<br />eoruiamirtium ar planned unit development, and constituent dtx:utaenty. It a ionduminium ar pisnned unn detrlapmcnt
<br />rider is executed by Borrower and recorded [uar:ther wnh this A";oitz_nze, the a'uven.rtxs and arreemcats a=t sash miler
<br />shalt be incorporated iota snit shall amend and supplement the cavenants and agrrentenp. of thu ~ierigagc a, .I the r!dtr
<br />cverc a pard hereof.
<br />7. E+rat:ecthm of [.caller's ~carity. If Rorrrv.°er fads to perfurtn the covenants an ~ agr~mutts .untamed in ti;,n
<br />Mortgage, ar if arty acUan ar prca:esding !s atmmettt:ed whtctt maieriaify st$ccis f-tinder's inteeest tit the Pr.ipa.~riy.
<br />iacltiding, but not limited fo, erttinent domain, insolvency, c--ode enforcetent- rx -errarsgestients ur pt Feedings urvoi.ing a
<br />brtatkrugt or dscxri, then Lender at 4 ender'; option. upon notacc t.: Borrower. stay .make such appc:.ricnces, d„hurse ,;:vh
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<br />,tuns «<~ take €tt, eh acttv.tt .. rs n~.;e~swi h> Pe:;; ect ;.e;.,.~ nterrs,. .::f;rig. a„ - -~izd ,, ch<,..i<~e,,,cn. ,.
<br />e-say-maicia. sitmm~-F'a (rmj f^~f a:.[r-.v :,,en.-, thry P.r,nr,:u., t.; ~ .GnC :.'.a:l". t .. n. r` - - ,.
<br />cz5ttiittian et nwksng this loan sc.:uted by this Mortgaze, Bnrrarwcs shat; pay the arerntunu ~ ~gmrea t; nta~nt3 :; ;ate
<br />rtrttttnirts in ..=.~t i.ntif sracs time ae the re .;.iremeat leer tu;:ft ins r, ,,, .i ,. it w. „
<br />`= q` urarace u-rt+.tanates ,...usrdar, ~ .
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