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<br />Utvrr+ionM C+ovarretars. Borrower and ;.ender covenant and agree as follows:
<br />f. lfiar3+sietat o[ ~ sd I,Metat. Bottower shall promptly pay when due the principal of and interest or the
<br />evidaciced b3' the Note,. propaytrtent artd late charges as provided ir. the Note. and the principal of and in#er~._~
<br />oa'any ~ktttrte Advances secured b3' this Mortgage.
<br />2: P~ tetr'Cutes ai Iaeananee. Subject to applicable law or to a writtrn waiver by Lender, Borrower shalt pay
<br />to Linder on the day tttantiily installments of principal and interest are payable under the Note. until the Note is paid in full,
<br />a win (herein "Funds") equal- to one•twelfth of the yearly taxes and assessmrnts which may attain priority over this
<br />Mottpge, and groaad rertta on the Property, if any. plus orre-twelfth of yearly premium insfatlrnents for hazard insurance.
<br />ptns otto-twelfth of yearly premium iastalltnrnts for mortgage insurance, if any, alt as reasonably estimated initially and from
<br />time to time by Lender oa the basis of assessments and bills and reasonable estimates thereof.
<br />7]te-Funds shall be hekf in art institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (itrcltrdirtg Lender if Lender is such an 'vnstituNon). Lender shalt apply the Funds to pay said taxes, assessments,
<br />iststrrarrceptanis'an and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />ptttmita Lender to make such a charge. Burrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made o: applicable law
<br />requires such inureat to be paid, Lender shad not be required to pay Borrower any interest or earnings nn the Funds. Lender
<br />shall give to Borrower, without charge, an annual accountin¢ of the Funds showing credits and dehits to the Funds and the
<br />purpose for which each detai to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />IP rho amotmt of the Futtda held by Lender, together with the fuu~ire monthly installments of Funds payable prior to
<br />the due data of taxes, atseasmenta, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />aaeanaertts, inwrtutce premiums and ground rents as they fall due, such excess shat! be, at Borrower's option, either
<br />promptly repaid to Bortower or credited to Borrower on monthly installments of Funds. if the amount of the Funds
<br />paid hY Lender shall slot be ssef6ciKtt to pay raze, assessments, insurance premiums and ground rents as they fall due,
<br />Hotrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Linder to Borrower regsratittg payment thermf.
<br />Upne payment is full of all awns secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Leader. If under paragraph l8 hereof the Property is sold or the Properly is otherwise acquired by Lender, Lender
<br />tthaB apply, no Ister than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />I.aoder at the time of application as a credi[ against the sums secured by this Mortgage.
<br />3. AAitaatllaa d Psryoaarir. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs 1 sad 2 hereof shall be appliai by Lender first in payment of amounts payable to Lender by Borrower
<br />wades paragraph 2 hereof, !!test to intereu payable on the Note, then to the principal of the Note, and then to interest and
<br />principal oa any Ftaure Advattrxs.
<br />1. ~ llia Borrower shall pay all taxes, assessments and ether charges, fines and impositions attributable to
<br />~ Property whicJf may attain a priority root this Mortgage, and leasehold payments ar ground rents, if any, in the manner
<br />peovidat under parapap!- 2. hereof or, i[ not paid in such manner, by Borrower making paytnertt, what due. directly to the
<br />payee thereof. Hrarrowa shall promptly famish to Leader ail notices of amounts due under this paragraph, grid in the event
<br />Borrower shall hate payment directly, Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrower shall promptly diachuge any lira which has priority over this Mortgage; provsded, that Borrower shall not be
<br />requirsad to dise6a<pc any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a tnanmr acoepttable to Leader, or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal praceediaga which operate to prevent the enforcement of the lien ar forfeiture of the Property or any part thereof.
<br />S. Ihrarl latasatt~ee. Borrower shall keep the improvements now existing ar hereafter erected on the Property insured
<br />agttiaU loan by flte, hazards included within the term "extended coverage'", and such other hazards as Lender may require
<br />a~ is such amounU and for such periods as Lender may require; grovided, that Lender shall not require that the amount of
<br />such coverage exceed that arttouot of covoragt required to pay the sums secured by this Mortgage.
<br />Tea iowrttace carrier providing the insttraace shall hn chosen by Borrower subject to approval by Lender, provided,
<br />that welt approval shall not be unreasonably withheld. Aft Premiums on insurance polkies shalt be paid in the masrter
<br />provided under paragraph 2 hereof or, if sot paid in such mercer, by Borrower making payment, when due, dittetly to the
<br />ioaaraaa cattle'.
<br />Alt icettrre poiit:ies azw rwals iher~ft Shall bt tr: tor:: acceptable tv Lestder and shall incktde a stastdard nwrigage
<br />c~atrsa in favor of and in form atsxptabtsi tc~ L:nder. Lender shall have the righs to hold the policies attri renewal. thereof.
<br />sad Burrower shaft promptly furnish to Letuter alt fellows! rnutces and all receigta of geld premiums. In the event of loss.
<br />ilgrr+rtrar s s€ p,=.inpt m~~ to tl~ imt;ta~~ ratt•t€r atal L€r. L~ns,~r ttsay make pra¢f of ::ss if no! n:aste a,gtly
<br />gr`--'°-
<br />6v Brurosva.
<br />UnMr Corder acrd Borrower otherwise agree in writing, insurance prex:eeds shall. lte applied to restoration or repair of
<br />the Property dttrnagod, provided such restoration or repair is economically feasible artd the security of this Mortgage is
<br />not th~aby impaired. if such estoration or repair is not ccora~micalty feasible or iI the security of this Mortgage would
<br />be impairai, rite inwraace proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrotvar, if the Property o& abandoned by Borrower, or iE Borrower fails ro respond to Lender within 30 days from the
<br />date notice is rnailod by Corder tv Borrower that the insurance carrier offers tv settle a claim for insurance ttenefits, temder
<br />u aWltaNsad to twltoct sad apply tbo ittwraric:v gruceeda at L.ender's option either to restoration or repair of the Property
<br />tx to-the aunty at+curad by this Mortpga.
<br />t)tt+iwts Lender attd Borrower otherwise agree in wriling, any such application of proceeds to pnncigal shall nut extend
<br />or praNpone the dtie-data at the monthly instatlntents referred to in pare;raphs I and 2 hereof or change the amount of
<br />attc6 inata-Imaots, ff uptier paragraph l8 heroot" the Property is acquired by Leader, sit right, Title and in#erest of Borrower
<br />iu rutd to say iwuratice policies sad in sad to the pra:ceds thereof resulting from damage to the Property prior to the sale
<br />of acquisition shall pass to Leader tv the extent o[ the sums secured by this Mortgage immediately prior w such sale or
<br />aCiititR-tlon,
<br />(h lhittl4cvtlli~a rsd- ~ at Pr4petyi I.easetttals4t Cuwdptarioiams; Ptanaed Ustit Uevelaptaeaits. Bvrrawee
<br />ahttti,lt+app tta Properly io goer! ropair sad shall trot caa-mit waste or prrmit impairment or de-erioration of the Property
<br />and tl4all wpb' watt the provisions of any tease if this Mortgage is tin a leasehold. !f this Mortgage is on a unit in a
<br />c~iailBi yr a pftted -unit ~walo-at, Bortaa~.r shal3 rfc~rrrt all of Borr°, wtr i ~?bligu~~ns ttridet' tlta deziaration
<br />~ covgnants cm.atir-g or gavorniag rho cuttdvmiaium yr ptantted unit dt:velapment, the by-taws and regulations of the
<br />t~au~pgninittea ar plattaed tutu dovoloptaent, and cooatitttent dacwnent>. if a candominitun ar planned unit devclopntent
<br />t'idtgf- is ettacutai- by liotrowex sad- recortkd togethor with this Mortgage, the covenants and agreements of shah rider
<br />t~=bo i>nnt1~ into and shalt amend and supplement the covenants autd a$rc~arnenta of this Mortgage as +f the rider
<br />rtaus a pkrt hanot~.
<br />'f,- #~Aac~i~i 3;~r'a 9tftaMify, if Hotratr•er faits to perform the covenants and agreentenis eontuined in this
<br />or ;~ .any action or pracaGrciing is comateticed which materiaity atTats lxnder's interest in the Property,
<br />hut: rwl_ limited t4, eminent dvntain, insolvortcy. code enfortxtncnt, or arrangements ar proceedings i+tvulving a
<br />tttipktYpt ei dacodnut, then Lettdu at letadar's option, upon notice to Aorrower, may make such appearances, disburse such
<br />taipra sari fako action as is nrtc~ssary t4 protect Lender's interest, including. but not limited to, dtshursement of
<br />tY~llatliht6 attfftsatKy"a text sad efitrY uptw ttte Property to make repairs. if tender required mortgage insurarce as ,+
<br />t~ of m+ikitog the tottn securod by this Mortgage, Burrower shalt pay the pramitutfs required to Rialnlaln such
<br />lttitafeatya w a>gact waif wch time as the requireraeat for such insurance terminates in accardartcic wieh Borrower's sad
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