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81--00265
<br />L)t+tPestM Covntsewts. Borrower and Lender covenant std apse as follows:
<br />1. e~ irkMxlp! at! Lsbwaf: Borrovrerr shag proenpdy pay when due the principal o[ sad inteMet ort the
<br />evidenced by the fVote; prepaynfiettt and lets chaigea ati pta4itkd in rtes Noe, atsd'ths principal of sttditttBrst
<br />on-any Ftaitre Advaocea ssctarod hY this Mortgage.
<br />4: !'attirllti~r'!'atamt ta>f hatt~e~ Sweet to applicebk law or to a written waver by L+:ttder, Battmrer s1uB PaY
<br />tp [.ender pa the-day ntortthly ittstalhneetb ~ petaeipel and -interest are payab~ under the Note, atoll the Note is paid in fuH,
<br />a win (herein "Fuade'~ ttgwl to otte•twelltit of [he yearly taxes tttid_aataaenentti which tnsq attain pnarity_ lever tKta
<br />Mme: t tank [xis s1r= ps+i~testy. tt-arty, pls~ one-tsuaitGY of Yearly Premiatm imtaNmer-ts Frx bawd tttattatrdc:
<br />¢hss one=tw~ith of yearly psanium in~ifmistb for tttottgtec insuratce, if nay, aB a rwpftably estimated inltialty red Notn
<br />times to thtie by f:eader ai the 6irh of atneaementa atnd bilk atM tsoaonebte estimates lhareoP.
<br />1~e Ft~fi#atthalf be held in an imttitution-the tfepitsits or accounts of-which are irtsated br guaranteed by ~,Federal err
<br />ttgsttcy {isft*~dfst*i~rdee iE lender is web an itar#tution}. Lendershal! apply the Fuata-to paY s#id ta~tettr''~~
<br />itfiausiuee pretnituar sad gonad term: [:eerier may not charge for so hoMing and appfyirtg the Funds, analyiitig ottid'aaoaesC;
<br />of vaifyinj and oompiiiag acid atiseaameeh aed bid, unlaa Leader p~aya Borrower interaat on the Ptadt and appNeable law
<br />permiet Ltriatbr to trades audi a chases. Borrower artd LxrWer tray agree is writing at the dme of rsxecuwe of this
<br />Mortsye that intgdt an the Ftutda shall be paid to Borrower, an3 unless sorb agrsemerU is made or applicaEde last
<br />tegtdt>aa eruelt intarat to be paid, Lender shall not be required to pay Borrower any interest or catalogs oa the Fonds. Leader
<br />tl~ Rive m Borrower, withtxa chart;a, an anmial accottt»ing aE the Funds showing credit and debts to the Futtde slid the
<br />pupas fret which etich ddiit W the Fttt~ wss made. The Ftrrtds arc pledged u additional aectirity for the soots aeettred
<br />hY thin Mart~e.
<br />ff dse timpritit of the Fttnda hid by Lander, :og:tlSer wrth the tutors monthly inatallmnma of Funds piysble prior fio
<br />the doe dank of taxes, aasertrnsrtot. iaaet3tice premiums and ground rents, shat! exceat the amount required to pay said taxes,
<br />aseaaaoatts, itatiraoee premiiana and pauttd reap xa they tall due, such excess shat! be, at Borrower's option, either
<br />prosody repaid ro Borrowers ar txedNad to Borrower ort matthly iMtallrtierits of Funds. If the aenoratr of the Futtds
<br />IsNd hY t.eada shag lion be sd6ciooa to pay stiaes, aipessoiniu, insurance premitirrts and ground rotor as they fall due,
<br />Bmtowmr irhaU pry to Leisdar nay aistwat rtecwary to tasks up the deficiency within 30 days iroat the date ttotfoe is mailed
<br />by I.~er Eo Iiktrroerssr requatrag payment thereof.
<br />Upaa paymaN is fats of aB stmt secured by this Mongage. l.eadtr shall promptly refund [a Harrower any Fitada
<br />htrld Fry Lestder, if ands paragraph 18 hereof the Property is sold or the Progeny is othetvrge acquired try tender, I.entitx
<br />tthaB apply, rap Ewer than iitmae~asely pna to the sale of the Property or in acgttisitioa by Linder, soy Funds bald hY
<br />Ltttadv at the brae of appiieation u a crti~t nettles the sums secured by this Mortgage.
<br />3 A~aNaa of laeieaas. Urdtin > law provides o[tierwhe. off paymems teseived trY tender under the
<br />Nate sad paraprrp>g 1 attd 2 hereof shall Ex applied try f-aadsr Errs[ to paytaent of atamtntt payable to is~u by Borrower
<br />tmt3x paragrtgdfi Z hereof. shaeri tp iateebt payable oa the Noe, that ca the prith-ipaf of the Noce, and then to intateu sad
<br />prraopai ~ my Fsitsue Advances.
<br />•. ~ Uaaa. Barotser shall pay aH taus, astaaittents sad other charges. fines amt impaitions atmbutabk to
<br />tba P[aparty which >~' attam a ptirxity ova this Mongers, and leasehold payrt>craa or gtrnrttd rents, if any, in the tttanoa
<br />psovidad tinder pgyYr4h 2 hesaot a. if not pad in stash manner, by Bartrwer maktrig payment, when due, ditsrxly to the
<br />paryaa theeepL Bortvwar shalt promptly ftrraah zo Leader all ttatxes of amounts due under this paragraph, sad is the evwt
<br />Bd'rowe! shag ratios pstynoatt duaetts, Barawer xhall promptly futttish w Lender receipts evidencing xtich payments.
<br />Bpfrtrtttlf sgail pros~tiy dir~use any flan which fens priarixy aver tats Mortgage: prrnriiiitd, that liorrasrer shall not be
<br />mqutrcd to ditti:hacpr nay ~ flea sir tang as Borrower shall agree in wriing to the paytnertt of she abiigation securtd by
<br />sash }ter in a ieaetiar ttsxe¢:ahie to tendet. err xltafl to good Earth canecst such fun by, or defend enforcement of stteh lien tn,
<br />~ ps'oCeedtAta wench apsrata «s p[eveat the enfotrxtnent ai the Bert ur fartntttre c7t rite Prtperty ut any part thereat.
<br />3. Basostl laaasees. Barrawsr shall koep the cmpruvetnertts [taw esisting err ieereataer erected on the Property insured
<br />agaittat ba by Ere, fiarrirds iaciudttd within the: term "extctideJ coverage'. stet sut:h wtut harards as Leiukr may require
<br />sad to Bich ataouau sad tot such pereads as Ltsiider nay regatta: provided, that Lender shaft nut «yuue that the amount-of
<br />retch caverase eacecs4 rant amount of cavetagc regwrid to pay the suflt! secutevfi by true MattgagC.
<br />"fLe iawtaricer curter prvtndirtg tlac iaairatt~a shalt ba etfaattt by Hatawer rubpecl to approval try I.smler; provided,
<br />that such apyraval sluit [tat be uate+sanatrlY withheld- Alf prentttum as ituseuancs potrcies shall be paid in the tnaatier
<br />provided under puaEtaph . here+sf err, tt cwt paid to stxtt manna'. by Bocrowu nsaking paymatt, when due, directly to the
<br />iaarriar.
<br />AB ittsaitaacs paiiciei slid renewals thereof shat! rte w farm acxepttibk to Ixitder :end shalt tncFttde a standard mortgage
<br />ch-ws m hvar of std is fate acsxptabler to L.teedet. Ixodu xhall bare the rift to hoM the palicias noel rectewafs thereat,
<br />anti Hpsreaivdr aha11 paoseatiy feutmh to Loader aft renewal twtrxss stud ail receipts of paid premiums. In the event of too,
<br />Harpwu shall glue prompt rustics to the iD-Yi'atAC carrier arts Lender. t-stttisr may mrite proof at bas if not made promptly
<br />by Harrows;.
<br />Uaiaat f.eadar sad Harrower attuertkise agree in writing. insurance proceed shalt 6e applied to restoration err repair of
<br />the Psaperty damyed, provided such tsskxatian ac repot is economically feasible and the security of this Mortgage is
<br />apt thartby iayratred. !! wh restoratron o< trout x cwt cca:cuittaicaf/y feasible err :f the str:iuity at this Mortgage would
<br />eta ifgpairsd, the imurasttt paocaeds sha8 its applied to site sutra secured by this Mortgage, wilts the excess, it any. Paid
<br />to Hasowsr. ft the Proprrty s abaadoaed by Bwrowcr, or tt Borrower fails to respond ter- t.crider within 30 drys tram the
<br />dqe aWica u tootled by L.eoder to Borrower tftat the etsstuans:s cattle offers w settle a claim fw inwrattce beae6[s, tender
<br />a ataht~~ m t:pllacr sad sooty the: ~^~•*y°•-~ procttdt at Lender's optima siihet to r~artaratian or rep~ait of [tie Property
<br />a a the tata+a sa+trad hY Ails Martpiec.
<br />llakas Lrader sad Harowec txheawasc agrtx m Writing,, any stxh application of proatxads to principal shalt not extend
<br />err prsstpoaa the arse dais of efx ceoattify +n~at~*ts rattled to in paragraphs t and 2 hereof err strange the amowst of
<br />such tttstatimsats. If uiidax paragraph "s fieteut the Pr~.puty is uquutxi try Leader, all rtgbe, title and intecat of Harrower
<br />in amt w sole iiYaYrartca ppliciea sad in sad w the prucetds thertwf reatUting tram dainage to the Progeny Prtar to tits serfs
<br />aY.atxluitit'tWS shell pacts to ietreia to the extrnt of tbt Bunn seciired by this :dwtgage rmmtdiatety prior.m such sale or
<br />b. laarecvaliau stall f4~fraae[~ ~ Tsattstyt t.eass6alea; Cesirlarsiahsaers: !'iraatd Usti UevtlpYaeals. Harrower
<br />erdadi -app ~ Ftaptrty is pctod repair atxl shad trot cowtitit waste or permit tmpairtncat or detuiorauon of the Property
<br />sad shell ea~ply wish fire iltavistaaa of nay ttasc if thss Mortgage is un a kasehakl It this Mortgage h on a wait in a
<br />eeodomiatuta +ir a planssrt# unit devsktptuear, Barrouer stall perform all ut Borrower's obltgatrons under the dectarauaa
<br />err rmstt~tta et5tfeicld of ge?rertwtg t~ caadomirtrtrtn err piattneat aerie dt>velopmeat, the by-laws slid regulations of the
<br />currdofstirtitixa or pknnad taoµ develppsataz, slut cotisticusrit dactittotats. If a cotrduminium ar planned unit dtvcbpmettt
<br />rider it taq:utesi by Her stud rocoated [tigtslxt with- this Moitgag:, the covenants amt agrestzieots of such rider
<br />sit3- nit: hpbrpttraaad teat sad chill atmtmd ssa3 suppietttrat the covenants and agreements of this lilarigage ax if the rider
<br />wore. a prate ftpeed.
<br />9. ~.d its 5gearifl. tf Harrower fails to pertorta the t:avenants and. agtaerucnta cuntaitsed in thin
<br />YK~~ psi' tf. spy aim tqt prtais~inig n raatataaced which ttsisarially aAacts [.ender': intartat in the Property,
<br />lsfid »a4 Gtaitad to, em9std darstattt. iusolvt}ttcy, coda ent9icealottf, or urasgeraents or ptrxocdiap invalvtng a
<br />~ er dacst~osUt. then Lee6~ss sit L.sdar's apticm, upon notice to 13orrowcr, [stay make such appearances, disburse attc'.h
<br />staAlpi aterd trdue wckt acaloa ai is tatst~y to errant Leader's ititeresf, irtrlttding, but not titruttaf to, disbut3exritnt at
<br />sriianahit ~s Gtr tad entry ripen the f'ropetty to :ems rrpairs, if L.etitierr rtyuiitd trtartga>at irisurattce a5 a
<br />CCbl~tipa at_ ntakistg. files loan rtsrwed by this ~~srttage, Banowsr tdstdi PtuY [her petniunts required to rntiirttaia such
<br />taostt'tssa ~ eHiet fatal time as the segttvernaetU Eta such iwu[tut~¢ tstmiaatex in act:ordatsr-x with .Burntwer's ,and
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