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SI-003227
<br />Ut+rtpattAt Covexn*t75. Borrower and Lender cavenani and agrte as follows:
<br />1. Paytarent trf Ptintlpa! and Tmeiest. Borrower shall pramptly pay when due the principal of and interest on the
<br />indebtsh4teas evidenced by the Note, prepayrnent and late charges as provided in the Nnte, and the principal of and interest
<br />oa arty Ftnnre Advances secured by this Mongagt.
<br />E. Ftrdit for Ttuea asd tiesraece. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to L.etx3er an the day monthly insfalJrnents of principal and interest -are payable under the Note, until the Note is paid in full.
<br />a awn (iiersin "Ftivds") equa# to one-twefftlt of the veArly razes and ascassments which may attain priority over- this
<br />Martgagt, and gtasund rentA on the Property, if any, plus one-twelfth of yearh premium instal-mcrtts for hazard insurance,
<br />plus Him-twelfth of yearly premium inatailinenis for mortgage insurance. if any, alt as reasonably estimated initially and from
<br />time to time ~ Lender or[ the basis of assessments and }±dk -and reasonable estimates thereof.
<br />•i4tt Funds tthall be htid in an institution the deposits or accounLS of wfiieh are insured or guaranteed by a-Fedual or
<br />state agrncy (irtcitxting Linder if Lender is such an institution). lender shalt apply the Funds In pay said taxes,is5ts5mMis,
<br />itrsurerrce premiums and ground rents. Lender may rant charge tar sv holding and applying the Funds, aPalyzitig`8itid account:
<br />or verifying aitd campihng said assessrttents and bitty, unless Lender pays Borrrnver interest nn the Fonds era! appticairte few
<br />p::rm#ts Lssrder to make str0h a charge. Borrower and Lendtr ma} agree in writing a[ the time of execution of this
<br />Mortgage that interut on the Funds shad he paid [n Borrower, and unless such agreement K made or applicable law
<br />rcgvit~ such interest to fse paid. Letrder shat( nn[ ire required in pay Borrower an) interest ar carningx nn the Funds. (.ender
<br />shall give ttr Borraavtr, without charge. an annual accnunhng of tht Funds shnw~ing credits and debits to the Funds-acrd the
<br />purpose (or which each debit to the Funds was malt. The Funds art pledged a, adduional security for the sums secured
<br />by this Mortgage.
<br />If the atnoum of the Funds held by Lender. together with the future moniht}- zns[allmtnts of Funds pavabM prior to
<br />the dire dates of taxes, assessments, insurance prcmiunu':tnd ground eerts. shall eueed the atttouat required to pay said taxes,
<br />ttstx~ments, insurance premiurrts and ground reins as the} fall due. nech eucsx chat( ire. at Borrower's opt[un. either
<br />prtxoprly repaid to harrower or cra`rdited to Bnrrawtr on mon[hty mstallmcnis of Funds. If tht amrnmt of rice Funds
<br />h:dd bSz ].,ender shall not be svfPtctettt to gay taxes, assessments, snsurancr prcmrums end ground rents as tfity fall dirt.
<br />Borrower shall pay to L.emfer any amaant ntctrssar) to make sip the deti.ttn;: wnihin i0 da+s tram the date notice is mailed
<br />try t.eader to Bnrra?wer regireurn8 f~Ymcrtt thirent-
<br />Upon payttrtnl sn full of ail rums secwed by th[s tits*ngage. 1 coder chats pn,mmR rrf:md tv 8n: rower :my Funds
<br />heW by lxrrdir !f under paragraph 18 htrevf the Prnpeny :, ,.yid .,r the Pre+nen~. i, +xhirwicr a.yu:red hr [.ender. !-ender
<br />shAl1 apply. ;w later than tmstxdiatel;: Doer tv the tale rat tf[c Prepcn; ,+. ,...,,:yursntun h1 Lender. eras Funds held by
<br />(.crater at tfx terns rat apple::atux[ as a credit against the sums ce arse( h} this titc?rz=aye
<br />3. Agpikatlcw rd laYtttseaas• Unless applicable law pea+s.les :;ttscrwt.e ail pavmtnts recrrced t?v Lender under the
<br />time atsd paragraphs t and 2 herec+f shall 6e applied by t cndnr hot .n rakrnc•nt +.t am.,unn pa}~;rhle to Lender t,y Borrower
<br />+usder patagra~s ? hector. thtn to interest payable nn the V,ate. rhea t+} tlae prrsr,:rpai cwt rh< Scare. and then a+, interest and
<br />pnntrpal +m any Ftdtue Advances.
<br />•. C`Mae~la: Ilea &?rrawer ,half pay all [axes .+s+es..nrcnts and :,ihrr _irarEr+. firx-s sad +mpnsrtrrrss :utnbutable to
<br />ibe Propett)~ wtvrtr tarry auam a priority raver they }Jwtgagc, acrd t,?aseh.+td F av-mrnrs :*r Ematrrd riots. tf ans. in the manner
<br />prmtdrxi rxrder puagraph ~ hereof nt. sf nut nazd in xzcl: m,rnnrr. M Barr:,'wrr ^?.si.!n[; parmcnt. when due, dzrcctly to the
<br />pa)vx thereof 8orresrer shads prompt(} rurnich t:, t ender art uancrx .+l .+m<+;ant..::re ,ender ins. paragraph, sad in iht event
<br />Barrtw.er shall errs-r pa+~ttren[ drrecti~. tinrr.:•+rr •hait pr<sr*,pt;•, t.r rr.nc: -.. ] c.,,lcr rC.ctpt. ~+s.frnc:ng .uch pay mcnts.
<br />tkarrawer xhalt pramptly discharge env iren :. ht.t ha, ,^.r,+,r:ts .-•...+ .-.:. \trxtgage :s.icd. st[a[ Burrower shall not ter
<br />rtywr'ad tc discharge env .note !ten ,sr is?rag .rs Brvroucr .hat( agree':: `-=r,t;;ax '.::E;: ;•a~;mem +~. zhr +=hhgatt.m ,rsrsrcd by
<br />staCh lrta rn a rrtantrer atccepta6ic to t.rnder, ,+r shah rn I;c>t*.# recite cnnrt,r .~,c is ,rr:, +„ +•r :fetenaf ent.,rcesrtent "t such lien ia,
<br />Itgsl prtxeedt>sgs wtrrch operate to prcv-cot tHc rntsv~^mcnt .~. rtes ::sr. :•r ;.ute,tur- at the Propene c,r an} part thtreuf.
<br />S. 11tar~d iaavaaee. Nvrtusver ,bail keep tht ;mpra=ement< nc::. rx:+t.rg ,za nerca[ter rrr~'icd on the Prnperl}° insured
<br />againu loss t`4t sire, hazards srsc (ceded w~rth:n the term --tstezxiic,[ ~:.rs.rgr st.ci su,h <rthrr Hazards as i ender may reyusre
<br />and to weh aatattnU and fur su:-h perrards as 1 ender ma} rcyu:rc. ,va. rdtt7, 'hat I -ender ,haft r:n[ rryu:rr that the amount tit
<br />srseh .overage is°eed thyt arncun[ .=t .<r-crags rcuu,rcd «- i+at she ..:.:,r., ~e4,:rs•cs t,s !h:; 41.~stP,age
<br />Tha trtsurarrtt carr~r #Natvn#ing the ntsurancr ,hail bt ;hewn t±v Eiorru..rr s::btect r:+ appmxal by i_ender: pta?sndtd.
<br />Gtiau wch approval shall not tsc unrtax,nah},- v.ithhcld. .ill prerniunr, .*n [nsuranre I>itiz,,ses, shall hr paid sn the manner
<br />provrdt'd cadet pa:ragtaph _' krerrnf ,x. ,f nut paid .n a:u:h manner. !+. Ba+nower making payment, when due. drrectly to the
<br />ttrsvraocx cutxr.
<br />A8 ituvrarrtt poftctes arnt rtnewals itsrrs:e+t shall t,c to t.?rm :r~~eptatte «? 1 en.kt .:nd .hail sn.:iudc a standard mirngagc
<br />clause rn favor of and sa fcam ac.epsatatt ti, 1 ender Lxnr)st shah lira=c lac rigi±t +., h++id rite fklt[. ies and reatwals thereat.
<br />ate 13orresratr steal, prampdv fvrntsh icx Lrndir ail renewaf tx txes and a19 ref-zspt>: „t paid premiums- In the event vi !use.
<br />Borrtawtt shalt give prompt natwr to [ht msuranit.arnrr and i_ersdtr. Leradc: rue} tnal.~ prt~„t vt ":oss tt nut made pr.+mptl}
<br />by Barrowtr.
<br />Utilea (spoke and Bartoster a?tlaer+a•.~- agree in ~rst,ng, ssnnrance pr.krts3, shah t>z applied to r~sturatian or repair of
<br />rile Prcrperty damaged, ptavsded stab restoratten ur repair es csontxnr.ail} teasihic acrd tht srcursty of they Mortgage is
<br />rcpt thrnisy empatted. 1# such rcstarat±on vt repair rs n.;t r~nrsarmis.all: t>as:hJc nr ;i [he security of this Mortgage would
<br />6e irapairsd, the mwratrx ptia:ttds shaft Ise applud to rite swps xscure+l t,} this .'stortgagr. w-r[h the excess, if any. peed
<br />to Barrsawer. tf ttse Property n a#wtrrdi+rscd h) t3arrc,wer, .,r :t llarrewtr teals zr= szspsand to [.ender wiihio 30 days from the
<br />date ttatitt rs marJsd b) Lrxtdtr «a Bore ,wee that the insuranu^ ~arrrrr often to >ettic a claim foe mcurance l,enefits. Lender
<br />IS atKifMtZed 4e Galles! AAd "app!} the snsurauce prcxteds at l.tnder~s :.,pison tuher «i restorauort or repair .rt the Property
<br />at to the sums set:wed by this Mongage.
<br />Unlexs Lintltr a~ tTarrower ntherwssr agree sn +-sung, any x~h .ippitiation rat ;.r.>ec~ds to prncipal shall not sxtertd
<br />nr poatpune the due dais o[ the trtrxtthl) snstattmcnts reterrc'tii to sn paragraphs and ~ nereaf ar change the amount of
<br />Such itsstallmcotA. ii uttdet paragraph ? a hereai [he Property ss acytrurd h} Lender.. aft ng$t, true acrd imerest of Borrower
<br />itr sad to sn}~ insurannce paltcias xitd in enS to the pra..ec'cJs tturer?t re~suGmg from damage to the Property prior to the .ale
<br />w ataptisitian shaft pass to Lender to the extent of the >unrs xcurtd h} th,s Murtgagt isnmedtattly prior to such sale s,r
<br />acgv>sitiart.
<br />i. Ihwar+tat~ trlM AtlaiWeaaote t+f Property: [.easetwids; C'asedominiams{ Phnaed l;trid I)evebpasents. Borrower
<br />shag keep the Propdrty is goad repair acct shat! net commit waste or permrt sntparrrnent nr deterioration of the Property
<br />asW shelf purply with lira protisaoas cal set) lease rf this 44..:rtgagc is ern a fasefitJd. if this 3fnrtgagt is am-:: unit in a
<br />eandol#iatver or a plantrtxl ttnrt devtlapancni, Barraxver shall perform all nl Bnrruwer'x abtigatians under iht deciaratron
<br />or ett9titafittt creating ar gavernurg tht eattdommsum cr ptanntsf trait devekapment, the by-laws and regulations n{ the
<br />caBtia6tirttra9a w piuanad unk deviWpnttni, xitd cattatttrrent dor:ument~ if a e.nndamiaium tit planned nntS devtlupn?tot
<br />r ¢;4sersssl by Barrtswet atrst riccrrr~al tsgittxr veth this Mortgage, the cvsenartts and agreements t,t su::h tsdtr
<br />A6aif ba iascorparated irate and s#ra11 avtend ntnl suppJtmeni tht cusinan[s and agreements a?f thsc Mangagtrs sf tht rider
<br />w~ats a part hersat.
<br />T, 15rlilal'tlarr al tArrMaa''s Sataeky. if Borroxsxr fails tar perfasrm the tervepants and agretptinis cuntatnt6 to they
<br />~, ar if rtny actwo ar p~eacoeding rs cottutrencrd whr<h mattriail) a#fccts Landers ntttrest in [ht Property.
<br />~t+ shat itsa!!d [+?: tmtts€rst rletttain, +nsr:*lvtrx:s. vrsdt en[araetttcnt, ar arrangr:rrrents r_,r peuCetdings involving a
<br />1tt1Hr#rsrps tx tttttxrrkeat, rlatts t.assdar u f..eastrr's npGon, upon rraatet:e an itnrruwcr, ma} make such appearancts, dixburtt such
<br />ti_ tsard Udtt sar.'ir astitsn as it tttttssary to ptatctt t.ttrdtr i 'inttreat, irxluding. but rust limited tn. diahvrsettttnt of
<br />rtl~gttyahbp attrrmtyit {Diet and entry open rice Prpptrrv in motet raparrs. If Larder rcytrirtd mangagt itsurance ax a
<br />r~- asC rrudtiag tht Bart -sati-ttt+ttl in this lH~rart~. Bi+rccsrrer areal( pay tht pxt;mturns rtytnred t.? maintain ttrcfs
<br />ii~Cra17~ its etl~CGt- until writ- time as tJte r~:tiremanr for srra:h +ttstrt ats~x rirrrtinat,€s zn xC:.rtia.sue wrth Burwsvcr's and
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