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<br />84-_ ~~ c ~ % a 4
<br />Uttreaaat Covetvaxrs. Borrower and tender covenatn and ogre as follows:
<br />I. 1!aytmeat of PrineipY >ei lalerear, Borrower shall promptly pay when due the principal d and ittk(tl[ On the
<br />itxlabtedoex evitlettrxd by the Nok, prq»yenettt and ]ate charges as provided in il-x Nmq and the principal of an4 inttrea
<br />on any Fint[re AdvttMts secured by this Mortgage.
<br />Z I?~s4 frx "Baca sal laa~aaee. Subject to apptigbk taw rn zo a tvriuen waiver by Lender, Borrower shah pay
<br />to Linder on tlx day rnonihly installments o[ principal and itHerest arc payable tinder the Nate, umil the Note is psid in fu0,
<br />a win (herein "Fonds") equal to otx-twelfth of the yearly taxes and asttttaattemta which [nay attain priority aver thh
<br />Mortgage. std grotrtd rents on the Property. rf anp, plus vine-tvtelfth of yrtaly prsntinrn itNfaltotenb for 6mrd irwmax,
<br />piers one-twelfth of yearly premium inststitttenes for mortgage irtsurat[a, if arty, off as retuortably estirnaeed initially sad ftvm
<br />time to time sy Lemier on the basis of assessments and bilk std reasooabk estimates thereof.
<br />Zlre Ftrods shalt be held in an institution the deposits or accamts of which are insueed or gtt:raeateed by a Federal or
<br />state agency f ineltding Letda if Lender is such an institution). Ltoder shop apply the Fonda to pay said taxes, attetesantmu,
<br />insurance premiums and ground rents. Lttttkr may not charge for so bolding aed applying the Fettle, analyzing said acewnf,
<br />or verifying std compiling said assessments and bills, ue[kss Leader pays Borrotvec interest on the Funds and appgcabk law
<br />permits Linder to make such a charge. Borrower sad Lender tray agree in writing az the time of exexwioa of this
<br />Mortgage that interest ott the Ftmds shall be paid to Borrower, and uakss such ag[eement is made or appliwbk law
<br />requires such inkres[ to tx paid, Lender shalt not he required to pay Borrower any intsrest or eareiog+r on the Fmtda. Lender
<br />shag give to 9orrower, without charge, an annual accounting of the Furls showing credits a[d debit[ to the Fttods and the
<br />purpose fur which earth debit to the Ftmds was made. The Funds are pledged as additional security for the stems eewred
<br />hY This Mortgage.
<br />If the amount of the Finals tied try Lender. together with the future monthly installments of Funds prysbk prior to
<br />the due dates of taxes, asseastneots, insurance premiums and ground rents, shall exceed the amamt required to pay acid eases,
<br />asaesunents, inaurantt premiums art"! ground rents as [bey fall due. such excess shall ix, at Borrowers option, either
<br />prampUy repaid to Borrower rn credited to Borrower on monthly installments of Funds. If ibe atrtaemt of the Fulda
<br />`'" y Linder shag not are suf6cieat to pay taxes, assessmean. insurance premiums and grontd rents as [trey fait due,
<br />Harrower shall pay to Lender say amount necessary to make up rbe deficiency wiffiin 30 days from the desk notice is retailed
<br />by Lender to Borrower regtaesdag payment thrreof.
<br />Upon paymem in full of all sums secured by this Mortgage, Leader shalt promptly refund to Borrower any Funds
<br />held by Lender. If uuber paragraph l8 hereof the Property is sold ar the Property is otherwise acquired by Linder, Lender
<br />shall apply, no later than immediately prior to the sale of the Properly or its acquisition by Lender, any Funtls held by
<br />Leader at the time of application as a credit against the sums secured by this Mortgage.
<br />3. ALptiecuMirae of Fayttrerata. Unless appitcabk Faw provides otherwise, all payrneuts received tfy Lender under the
<br />Nate and paragraphs I and '2 bertof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />wader paragraph 2 hereof, [ben to inkrest payable on the Notre, then m the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />d. Charge; Lka. Bortower shall pay all taxes, assessments and ether charges. fines and impositions attributable to
<br />tiro Property which [nay attain a priarrty over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 bereof or, iE not paid in such manner, by Borrower making payment, when due, directly to the
<br />payx thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, sad in the even[
<br />Borrower shall make payment directly, Borrower shall promptly furrrsh to Lender receipts evidencing such payraxnts.
<br />Borrower shall promptly discharge any lien which has pnrnity over this Mortgage; provided, that Borrower shall not be
<br />required to discharge any such lien so long as Harrower shat) agree in writing to the payment of the obkigation secured by
<br />strc[t Tien in a marsncr acceptable to Linder, or shall m goad faith contest such lien by, ar defend enforcenxnt of such lien in,
<br />legal prrf~di~ys shi¢h aperafe tc prevent the enfoceement of the hen or forfeiture of the Property ur any poet thereof.
<br />5, ilarard itirtataace. Dotrower shall keep the tmprovcmentx now exiuing or hereafter erected on the Property insured
<br />against loss by Fare, hazards included within the term °extendt:d c,averagt ', and such other hazards as Lender may reywre
<br />,:r.d in such err Hurts amd far aueir perirds as l.etder may :equrre; provided, that tinder shtttf not require [hat the amoum of
<br />stac"rtr cuv.rage exceed that arrscnutE of overage required to pay the stems secured by this Mortgage.
<br />"''t.M. iuaura[rce carrier pravicling the imurance shad ce chrneu ny Harrower subteet to approval 6y Lender: provided,
<br />tease »uclf approval shall nos be u,nreasunably withheld. All premiums on insurance policies shat( be paid an the man[ter
<br />provided urxder S;ratagrxpfr Z. itcrec.f or, .f not pool in such ntanrrer, by I3orrowet making payment, when due, dirn:tty to the
<br />CGSrt.~aac.", car[[er.
<br />AH insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and io form acceptable to Lxoder. lender shall have the right to hoed the policies and renewals thereof,
<br />and Borrower shall promptly furnish to Lcmkr all renewal notices and all receips of paid premiums. In the event of loss,
<br />Harrower shall give prompt rmtice to the insurance carrier and Lender. [.ender may make pawl of tars it not made promptly
<br />by Borrower.
<br />Unless Ixnder and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration nr repair of
<br />the Property damaged, provided such reswration or repair is economically feasible and [he security of this Mortgage a
<br />not thereby impaired. If such restoration ar repair is not econotttically feasible or i( the secants nt thee Mnngage would
<br />be impaired, tbe insurance prouxds shall be appliee+ to the sums secured by this Mortgage, with the excess, if any, paid
<br />M Borrower. if the Property is abandoned ny torrower, or it Borrower fails to respond to Ixnder within 3U days from the
<br />date txatice is mailed by I-ender to Borrower that the ansurarrce carrier nt{ors to settle a claim for trourance benefits, Ixnder
<br />is authorized to caitect and apply the insurance praeeerls at Lendcc: option either to restoration or repair of the Property
<br />or to ttte runts sxxursd by this Mortgage.
<br />Unless Lender std Horrower otherwise agree m wasting, any such application of pax:eeds m pr+nctpal shall not extend
<br />or postpone the due date of the monthly iastatlmenta referred to in paragraphs I and 2 hereof or change the amount at
<br />stech ingtallrnenus. if under paragraph 18 hereof the Property is acyutred by Linder, a!I right, utle and interest of Borrower
<br />is and to say insurance policies and in and to the prnceeds tfrereof resulting from damage to the Property prior to the sale
<br />or acgttisitian shall pass to Leader to the exkm of the sumx »ecured by this Mortgage immediakiy prior to such sale or
<br />acquisition.
<br />6 Pnaervtatlaa anti Mttiatewaace of Property; Leaaepal8fi Coadamiaittras; Phtntted UnM Devebptneab. Borrower
<br />aiutii xeep the Property in goad repair and shalt nut catnrni[ walk or permit impmrtetent ar deteriaratian of the Property
<br />sad sBrali comniy with rice grovisaats o£ any loser: tr' then ~tariaage » on a !eaaehntd. if this Mortgage is cn a unit in .a
<br />crxfdominrum or a ptarrtred unit develnpruent, Borrower shall perform all u( Borrowers ohhgations under the dox:larauon
<br />ar caveaanis creating at governing the condomimtrm or planned unit developrtxnt, the by-laws and regulations of the
<br />candanriesium ar planasd unit development and caefstituem documents. If a condominium or planned unit devebpment
<br />rrder rs etrecuted by Borrower atxl rrsorckd together wash this Mortgage, the covenants and agreetm:nts of such nder
<br />spoil be mcaaporaftd into and shall amend and suppleracru ilia wvenants and agceemanta of rhos Mortgage as ,r the r-der
<br />were a port tset,ecf.
<br />9, Piaaac49a M i.eaiar'a SxutNy. If Bortower tails to perform [he covenants and agreemema comaufed in this
<br />!lrntgags, or tl airy aciron ix proucdir~ is rnmtticrrr:ed which materially affects lxnder's uuitest in the P*operey,
<br />iaelttding, 6uR rux frtntux! to rmtaera dnttttiiu, insalvs„sy, , sds en farcenfent or arrangcrnenta err pnfcc•afings mvoivtag a
<br />haaltrarpt az dacadsit, ?herr lircdet at [.atdar's cptian, upxaa twuce w Harrower, may n+;tke .vur;h upprararrcea. etuburse sttr:h
<br />wnuc seed asks: such actiar as is aaeceasary to prottv:t Ixtsder s interest, mJurhng, Met not hmatad to, d~sbursnrttent ,*t
<br />reastu>atte axtsune}"a fps and entry upon the Propany to make repaars. it Lct>der required mortgage insurance as :+
<br />cEHtGatni*c. of raa}tng tbt loss ss:R:orsd by ;bra Nartgage, Bcrrower shrSi pay rife nremrurns cequrt~rl Ras rttaintam virch
<br />matuaisu ra effpt uru,i utt:h tmaa as ilia rrquarr.maat £o: with +mwattce tcrtntnaie5 rn accardrtnce with tinrq;wcr't atW
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