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<br />Sl-- 003396
<br />Ut+traeat Coverratrro. Borrower acrd Lender covenant a»d agree as follows:
<br />1. PagttscwP d Tsirdad teed labsat. Borrower shall promptly pay when due the principal of seed interest on the
<br />evidenced by the Note, prepayment and late charges as prrnided in the Note, artd the principal of aril interest
<br />on any Future Advamxs muted b9 this Mortgage.
<br />~ 14ds tw 7ansr tut Latsaaar• Subject to applicable taw or to a written waiver by Leader, Borrower shall pay
<br />to Lends on the day trtonthty installments of pri>xipal and interest arc payable under the Note, until the Note is paid in futl;
<br />: ann {herein '~tirtda") egia! to orto-twelft}i of the yearly taxes and rrsseasmeng which may attain priority over this
<br />Mort~c, aad potmd rang on the Property, if any, plus one-twelhh of- yearly premium irWaltmesb for hazard ittsu[atxx,
<br />phrs one-twe'fth of ywriy premhmr instatimeng far mortgage imurartce, if any. atl as reasonably eetirnatt~ irr8ialty ttrrd from
<br />time to time by Leader an the basis of assasmients and bills and rtasortabk estimates thereof.
<br />'Ilse Ftmda slnrll be held in an institution the deposits or accounts of which are insured or guaranibed by a Federal or
<br />agerscy (incinding Lender if Linder it such an iristettttion). Lander shall apply the Fim~ to pay said taxes, s»ossmeng,
<br />imsnaoee pnemfums and pound ntnts. Lender may not charge for so holding and applyeng the Funds, anatyrangaaid atx:apnt,
<br />ar vo-ifying and compiling said aseesattteng and tells, unless Lander pays Borrower imerest on the- Funds aad applicable law
<br />prtttnies Leader to nuke such a charge. Borrower and Lender may epee in writing at rise lilac of extscuteon of this
<br />Mortgage that imeresi on the Ftmds shall be paid to Borrower, and unless tticb agreements made or applicable- law
<br />mgdiees welt interest to Ix paid, Linder shall not be required to pay Bottvwer any interaY or earnings on the Fonds. Leader
<br />trhatl give to Borrower, without charge, an annual arxxiuming of the Futxls showing crtdig and debig to the Fuetds and- the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged xs additional stxurity for the sums secured
<br />' by this Mortgage.
<br />7f the smarm of the Fumg held by Lender, together with the future monthly installments of Fonds payable prior to
<br />the due dates of taxes, assesamertb, inuurance premiums and ground reag, shall exceed the amount required to pay said taxes,
<br />tmatttmeng, insurance Dtetniurm and around rents as thev fail due. sleek excess shall he- ar Bnrrnwer'a nr+t:nn wistw
<br />ptamptty repaid to Borrower ar credited to Borrower oa monthly irutallttxnb of Funds. If the amount of ttre Furxg
<br />hdd by Letakr Shall not be snt8cient to pay Faxes, assesatrratis, insurance premiums aml ground rents as they fall due,
<br />Borrower shall pay to Lender any amouai necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader w Borrower rtxpatxtiag payrtrem thereof.
<br />Upon payment in full of all toms secured by this Mortgage, tender shat! pramptlY refund to Borrower arty Funds
<br />Frtld by Lender. It under paragraph Ig hereof the Property is sold nr the Properly rs otherwise acquitr~ by Lender, t.ertder
<br />shall apply, tto later than inurrediatcly prior to the sale of the Properly or its acgrresition by Ixtrdu, any Funds held by
<br />tinder at the time of application as a credit against the stuns secured by this Mnrtrage.
<br />J. A~Ygtls sd !'ayanle Unless applicable law provides otherwise, al! payrnems received by Lender under the
<br />Noe and paragraphs 1 and 2 hereof shat) be applied by txrrder first to pa}°ment of amounts payable to Lender by Borrower
<br />undo parapaph 2 ht:rtof. then to interest payable nn the Note. then to the pnrrcrpat a[ the Note, artd then to iatereat and
<br />preacipai on say Future Advances.
<br />4. ~ Los, Borrower shall pay ail taxes. ass~mcnts and cnhcr caarges, lilies and tmpositiatn attributable to
<br />the Property which nay soars a prrarity over this Mortgage, and leasehold payrtrrnu ar grtaund rents. if any, in the manner
<br />provided under paragraph 2 h¢rcaf or, if ~a paid rn such manner. by Borrower making paytttent. when due, di[ectly to the
<br />pays thereof. Borrower shall promptly furnrah to Lender all txiuces of amauntx clue under this paragraph, and in the event
<br />Borrarvtr slat] make payment directly. Borrower shall prtxnptly turrush to l.cnder receipts evideircing such payments.
<br />Borrower shall pmcaptiy dnclsargc any lien wlrii;b hat prronty over this !Hongags, provided. that Bortvwer shall na be
<br />rcgtrued to drach:rge say sixh liar so long as Borrower shall agree to wrung to tae payment at the obligation secured by
<br />stack teen io a tnan~ auxptabte to Lender. or shall in goad faith cantcst sues iron 6y. or dtfend enforcemtnt of stick ljea in,
<br />kEal proceedings wtriefi operate to prvzni the enforcement of the ]ten or farfaturc of the Property ar any part thetroE.
<br />3, FLit,~ i~ar~e Borrnsver saaii keep tat improvcmrnts now c:,sung or iwrrstru erec~itd as the Property msartd
<br />agaisl lea try tire, htrratds included within tae term "'t;tended cavcragc and srxh other hazards as I.cndcr cosy require
<br />and is airt:b antouou and for such periods as Lehr may require; provided, that Lender shall not require that the amount of
<br />etch coverage txcsed that amosuit of cvvcrage required to pay the vumt secured by th,s Mongage-
<br />2$e tesuraoce carnal providi»g rife imuraat:e wall be chostrt by [inrrwer subject to apprava! by Lender, provided,
<br />list such approval shall na be utrtnawnably withheld. .+UI premiums ixe insurance policies shah be paid in the manner
<br />provided uadcr psrapaph 2 hereof or, ,f not paid in sues stunner, ay Borrower makrag paymetr[, when due, directly to the
<br />imaaraace carrier.
<br />All iawraace poiitxs and rencwtda thereof shalt be in form acceptable m Lender sent shall iaelude a standard mortgage
<br />tissue le frvor of and in form atxszptabk to Leader. Lender shall have rtx right to aaW the policies and renewals tliereo[.
<br />aad Borraraer shall promptly furtmh to Lender ail renewal notiixs and all receipts of paid premiums. In ttx event of to s,
<br />8isrrotrxr shall give prompt tsatett to the inwrans:t carrier and Lsirder. Lender may make proof of loss if nor made promptly
<br />by Bortotrer.
<br />Uaips Leader and Borrower otherwise apse in writing, insurance proceeds wall be applied to restoration or repair of
<br />the Proptaty daarsgs+d, provides such restanuon or repair ~ tcanomically feasrbte aad the security d. this Mortgage is
<br />sot thi.sebY istgaairnd. [f such reswration ar rcpau is not ewwxrricallY feasible nr if tae sixunty of this Mongage would
<br />' be imPsirad• the eiuurartce proceeds shall be applied to the sums secured by tats Mortgage, with tae excess, if any. Paid
<br />to Borrower. If the Pmprdty rs abandoned by Borrower, or it Borrower fells to respimd to Leader w,thms0 days from the
<br />date rmtipe is mailed by Leader to Borrower char the irtturaau tartest afters to seine a claim for imurarrce benefits, Lender
<br />es atatLorisad to collect and apply the insurance protxtxks at i.ender's option either to restoration nr repair of the Properly
<br />a W the sums seeurad by tins Mortgage.
<br />Unlash Lender and Borrotrtr othxrwise agree ,n writing, any such application of praceedt to princrpa! shall riot extend
<br />of poatpwie rite dos date of the toiwthiy inualltutrus referred to in paragraphs I and 2 hereof ar change lac amount at
<br />satrJa iruai-maatt. if trrsdat pwpaph I8 hereof the Property is acqurrtd by Ltoda, all right, title and interest of BorTnwer
<br />in and to any itiitrranct pderaes seed in awt to the proceeds thereof resuiua$ from damage to the Properly pear to the sale
<br />or acgtiisrRdoa stall pass to Lander to the ascent of the sums secured bs this Mortgage immediately prior to such sale or
<br />~. ,
<br />t !llaaarvifJats ant Maiis4ettaase ad Pe~erttr; L.eacelsid~ Coeiominirma; Pleroed Utriit D~irlspmetag. Borrower
<br />- chte{t teesp the Peopetty le goad repair arm shall »ai commit .caste or permit ,tnpa,rraeai or dtterituation of the FropertY
<br />aad shall tompiy with the provisions ~ any lease if tau Mortgage ,s an a leasehold. IC this Mortgage is oo a unit in a
<br />caadamrantm or a piamed oast desYlvpment, tlorrower wall pcrtorm a0 u( Borrower's obiigatwos under the declaration
<br />ar tuwsma tresticrg of govcrnirtg the caadmaioium nr ptanixd unit deveiapmont, the by-taws and regulations of the
<br />wa+aitra or p4apsd imet davelopmtat, ate corutituent docurticnts, If a candomiaitrm ar pleased once devclopraerrt
<br />tidm ea saessnad hY Horsotr~r aad- recssrded taBettta with this Mcxtgnge, tae covenants acrd agrixaten:s of sleek rider
<br />shell !a iooaspgrtuad into and shatl aitcertti and suppicntcnt the sxrvenantt and agnxauatt of this Mortgage as it rho rider
<br />' sitars a part hetaet.
<br />7. t?ulaalraa d Ltratiss's '• if Harrower fails to perftxm tae coveiutrtt and agreements cantairicd in fait t
<br />iLatt~rBs, ar if salt araiost ar psota;mdwg is cucnaierxeri which mataiatlp aftecu t.ettder's imetea! in t)te Property, .It
<br />but ant Iii to, tstairtem dtsauia, iriwirrntcy, cods rntorr.etrrent, or arrartytments ar proceeditq{s involving a
<br />blppt ar di4cedeot, then Leradar u Lradar`s option, upon trotece to Borsawcr, racy ttiake nick agpeatRrii.~, dgburse such
<br />stmt and take arsch aesiaa at g isacxsssry to ptotett t.errder`s iatercu irnlud,ag. but tart limited to, disbursetrrart of
<br />rte attotarrl`t foal and entry upian the Property to nuke repairs. if tender requiresi mortgage irisiuaas~,c as a
<br />' rondalan of taakittg ells iosri sactsrsid by this Marigage, Harrr»ver shalt pay the pteaiiuiris rayrrurd to maintain siu:h
<br />iatreaarre faA tal6oct tats wch time as else Styitinenl®9t far tut:li iirinrai;ce tesrtritratca +n as-sotxtarice vita Barretwess aruf
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