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--~-1~153~3~.
<br />1.[: ~tnortrt Covt=xartrs. Borrower and Lettdtr covenant arsd agree as foL'av+s:
<br />I. Pa7erest at'E ~ f®ti<rest, Borrower shall promptly pay when dire the principal of and interest on t3te
<br />itidebfedaess evidenced tsy the Note, prtpayrsteat arsd Fa±e charges as yrovided i^ the .`Dote. and the principal of and infertst
<br />on an}° Fnttire Advances sect.red by this Mortgage.
<br />2. ; far T~ i~d Htsartr~ee. Sub;ect to applicable taw or to a written waiver by Lender, Harrower shall pay
<br />to Lender as the day monthly installments of principal and iniztest are payable under iht Noie, until the ':ate is paid in full,
<br />a stun (herein "Ftutdd7 equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />,Mortgage, zed ground ants on the Property, if any, plus one-iwel fth of yearly premium iastailrnents for harard insurance,
<br />plan oae•rtvelfth of yearly premium installments for martgage insurance, if any, ail as reasanably esYsmated initially and from
<br />time to lisle by Lender on the basis of asst€smenis and bills and seasonable cstimatts thereaf.
<br />Tim Funds shall >x held ir. an institutian the deposits or accaunts of which a;e insured nr guaranteed by a Federal or
<br />state agency (irDClt~irtg Lender if Leadtx is such an institution). (xnder shall apply the Funds to pay said taxes, assessments,
<br />itisuraarz premiums and ground rents. Lender may not charge for so holding and aopiving the Funds, analyzing said accatsat,
<br />or verifying and campi(iag said assessattnts and bills, unless Lender pays Bortower interest on the Funds and applicable Iaw
<br />permits Lender io make sxh a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall rte paid to Borrower, and unless such agreeaetnt is made or applicable law
<br />requires such interest to be paid, Leader shall not be required to pay Eorrower any interest or earnings on the Funds, Leader
<br />shall give ta Borrower, without charge, an annual acwunting of the Funds showing credits and debits to the Funds and the
<br />parpax for which tack debit to the Funds was made. The Funds are pleaged as additional security 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 dot dales of taxes, assessments, insurance premiums and ground :cots, shall exceed the amount rtquired to pay said taxes,
<br />assessments, insurance premiums and ground rents as rhea fall due, such excess shalt be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly mstaliments of Funds. if the amount of the Funds
<br />;Aid ~r I.,.u..er shall rot 1-x suirtcieat ro pay taxes, a=sessmens, insurance premiums and ground ,-eats as ,hey fall due,
<br />Bottnwtr shall pay to Lender any amount necessary to make ap the detecitnca sv[thia 30 days from the dace notice is mailed
<br />fry Leltdtr to Borrower rcqutsting payment thereof.
<br />Upon payment is ful} of a!1 sums secured by this Mortgage. Lender shall promptly refund to $orrower anv Funds
<br />heed fry Lender. I£ ursdtr paragraph IS hereof the Propen}• s ,ofd or tlbc Praperty is otherwise acquired by I_endtr, Lender
<br />steal! apply, no later than immediately prior ro the sale of the Property or its acquesiuan by [.ender, any Funds held by
<br />lae.ader at rtes time o£ application as a credit against the sums secured by eltts :Mortgage.
<br />~'• rf Payments. tin!ess applicable law provides otherwise, all payments received by Lender under the
<br />I"£ate rand paragraphs 1 and 2 hereof shall be applied by Lender fuse m payment of amounts payable to Lender by Borrower
<br />under paragraph 3 hereof. thin to interest payable an the Note. then to the principal of tie Note, and then to interest and
<br />principal an ar<y Future Advances.
<br />A. C)sarges; Liens. Harrower steal! pay all [axes, assessmems and other :harges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under pazagraph 2 hereof or, i£ not paid in such manner. by Burrower making payment. when dot, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all norces of amounu due under this paragraph, and in [he event
<br />Borrower shall make payment directly, Borrower shall promptly furmsh [a Leader receipts evidencing such pa}•ments.
<br />Banowtr sha}I promptly discharge any lien which has pnonty over this Mortgage: provided, [hat Borrower shall not be
<br />rignired :.~ J<seba; ge an}' such lien ~ laag as P.an-asvtr shall scree in -w~rnrng to the payment ut the ob(igatinn secured b}•
<br />sorb 6iea in a manner seceptable to Lender. ar shall in gaud tairh contest sac!? Ilea by ^r ,secend cal^rcemt.^.t ~:f sac!: lien in,
<br />legal proceedings which operate to prevent the enforcement of thz hen ar tor£tr[urc of the Aropeny ur any part thertef.
<br />5. ~itzard Isasraate. Barrawer shai4 kizp the tmprovzr:rents new catstmg or hereafter erected vn [ire Property insured
<br />against Iris by Hm; ha2nrr~= ie_!udtd -~.it?t: ,the to:m _c,c.,.,c., vc-:eruyz". -- - - - miter b cards as I ender mav_ requve
<br />and is such amaunes and to sr:ch piriv3s :,s I Pr;de. , - req _ -_ . feel .:. •~+~. =h' .; -~:;~
<br />- M r `- r . - ri the[ ale ar :oum :.f
<br />s'arr;h Y.~iacr ~%_*=•= :i ~t =~~.,. - ..,: er a- ~ y r~,1 t- - he t... } -h[> .tort e.
<br />T'$t insmaact canner p[ovr<hng the insurance shall fee a.aseri b} &rrrowu sub!zct m anorvvsi b} (ear±er, a_w+d~.t
<br />'t.:at sac. app.~val sh-sIi teat L= unreasonably -h:+ztd. .ill premium. an insurance puhnes shall bi paid m the manner
<br />arov'id€~ sa~r pcfr~.~h 2'.:er~~ or, ;f n=°t pace.n =uc,-`-`, :na,--,net, b-. ~~rrcrr-zr rnak[ne Payment. when duz, directly to fete
<br />insurance carrier.
<br />Ail insurance policies turd renewals tierevf shat! he: in town ec~ep:ab!e to Lcndtr and shall include a standaril mortgage
<br />clause in favor of and in farm uztptaMe to Lender. Ixnder shah have [he rtgh[ a• hold [he palieies :rod renewals tieteaf.
<br />atxi BarrowCr steal! prampQy furnish to Lender all renewal nouces and all receipts of paid prenmim>. fn the event of la>s,
<br />Borrower shall give prompt rDa[ice tv ihz insurarcz carnet and Linder. Lender ma} make grout of loss tf na[ made promptly
<br />by Borrower.
<br />Lrnless Lender sad Harrower otherwise agree in •s nung, insurance proceeds steal! be apphtd to restoration or tepeir of
<br />the Property damaged, provided suzh rtst~atien ar repair is economically tensible and the secunty of this h3ortgagt is
<br />not tharaby impaired. If slxh rtstorahan or repair is not zcanomically feasible or if ttte sicunry of this Mortgage would
<br />he impaired, the insurance prm;eeds shat! be applied ro the sums secured b} this Mvngage, x•ith tfic excess; if any, paid
<br />to Borrower. 7£ tht Property is abandoned by Burrower, or if $orrawer tails !u respond tv Lender within 30 day> from the
<br />date notice is matitd ay Lcndtr to Harrower that [he insurance carrier osiers to setdt a claim for insurance benefits, lender
<br />is authorized to calla;t and apply file utsura;tct p r:~etds at Lender's optics either to restoration or repair of the Property
<br />or to the s:tsis sr;cured by :his A.artgage.
<br />tJn(tss bender and Barrewzr athcrw ise agree [n writing, any su::h application of pror~eds to principal shall net ectend
<br />or ppstpont thz due Bait of the monthly instaltntents referred to m paragraptss i and 2 hereof ur ciange clef amount u3
<br />Stich instaitmencs. if under paragraph !8 ierto( the Property is acquired by [..ender, all right, title and interest of Borrower
<br />In arsd to any insurance policies and in and to rtes proceeds thereot resuiung trom damage ro the Aropen} prior w [he nalc
<br />ar aeytisitiou shalt pass to I.tnder to tfu extent of the sutra secured by this 43origagz ~maizdiatety poor +~ such sale of
<br />_->a~~.
<br />d Pr°ycr.=aL`n>s ao€I \9-s~terrarxrz of Prugert}; Leasthoids; Laridawiniuttu: I'taaned Lnit £}zvtloomrnt<, Serrow~.,r
<br />stt;Jf kelp ihz Property in gaai repair and shall not commit waste ,rr permsk impair ment cr deteriora[ian of Iht Property
<br />and slxall comply with tl~ provis[ons of any Bast ~# the i!-tortgage n cn a icu~:hu3d. It this 4~(ungagc Ls on a amt in :,
<br />zaoaenuaium ar a plaartzd uret deveioprnent, Borrower shah pcrtora+ uli o7 Borrrrwr. ~s nbitgauons under ~hz dzcfarauon
<br />ar eL a'tnants crzaung ar govzrning the condommwm nr planned unn d~vciopDnznt, the by-laws and regulations of the
<br />coadominiunt or gleaned anti develogmeni. ,end constituent dcxwncros. !# e ~rrudommmnD oc planned unit Jzsi!opaient
<br />rime is axee:uttd by Borrower and re-carded together wah thr. Mturtgauc, the c. vatants and aereenzeut~ .,, -_ _ .~.iz•.
<br />sltali ire incarparattd into ar±d steals antznd and suppitment the wvcnants and agrzameu€s of thr> Mortgage ss~ ~t rite ndcr
<br />wtte a gat3 htttaf.
<br />?. Pr+sHxtlus€ of Ixndar's Security, I# l3v,rrowet fad, ±o per ortr, chi roven.rnts an.l atrcunents vontamad .n ibis
<br />?~~:.'igag'T€, ni if airy ,tetizH:i ce prcxezdiag +s comaxznm,.i which rn;atcn,+.li} "-e.t-i Lender's ,merest m the R,epc r[l.
<br />:.ac€g,. but nai hmued to, imiaztxt domain, anolvtrr v -xe entwccn;iut, r - rr tyc-t 4-n : ±r hr ec tin#s nvvhrrg a
<br />bassKiupt or dtcedesu, kl.~en Err'der ai 1.Cikdtr'i aIt[wn s.p.,,, rm,rut ~a $nr,'aw~r- inay ,nose su.h ap~.i ansa 3. +lsourse such
<br />surss argil raise sxi aciian ss is uzces.5,aty u., nrotsct t.•a,te~s a::e:Dest. ,• t: nf,. F.,. ..a+ %¢msied i +icbursentent of
<br />rtaaer;ahle att;;rt,ey's ;sex and entry :tpvn hr, nr,_,~r ~ _ ,k_ _ _ ~! r - .,~. -E.. ,.-r. ~s3v -a.;sran~e :,.
<br />anldntwtt of -aakaag she 3+sa>r x -u ..ci !r: ,b.x Murtg.as~s. B . .s ena~. .*a; i, rr;er. rut .ep;u- as e. 3.
<br />....9.:3.--,:'c :a. .mac,.. w gw.i~ tiiriE ua titt: 2r~t)3F4ia4{?li [. .tt!'ni ...._,.....t.. !"Sf..S,.e .e ~ + r of t+a
<br />,t}.1.,ttie. .,i _
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