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<br />Urtt>sotHt Covrxexrs. Borrower ate Lrnder covenant ate agx as follows:
<br />1. ~ of >~ sad Iaserest. Borrower shall pro:n[ntY PaY v,•inen due the princtipal of and inte:rest on the
<br />evidenced by the Note, pra~rayrnent sari tare charges as provided in the Note, and tIx principal of and interest
<br />0o atsy Ftrtttre Advsttces secure[ by this Mortgage.
<br />2. Estelle for T~ attsi Itmtsaser. Subject to applitxble law or to a writtrn waiver by Lender, Borrower shall pay
<br />to Lender fm the day rttonthly in.4ts1-menis of principal and interest are payable under the Note, until the Nora is - :^~t in full,
<br />a stem (betels "Puada'~ equal to orte-tweIftit of the yearly taxes and assessments which may attain priority o._r this
<br />Mortgage, sled ground rents oa the Property, if any, pltn ono-twelfrh of yearly premium installments for hazard insurance,
<br />plus onatwelfth of yearly premium in~allments for mongage irtsurarrce, if any, all as reasonably estimated initially and from
<br />tutu to time by Lender ao the basis of assessments and bills and reasonable estimates thacof.
<br />The Funds shall be held in as institution the deposits or accounts of which ~re insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an itrstitution). Lender shall apply the Funds to pay said taxes, asseasmeats,
<br />i>ffiurance premiums and grouted rents. Lender may not charge for so holding and applying the Futtds, anaiyziag said account,
<br />or verifying and compiling said assessments and bills, unless Leader pays Borrower interest on the Funds and applicable law
<br />petntits Leader to make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />Mortgage that interest oa the Funds shaft be paid to Borrower, and unless such agreement is made or applicable law
<br />regttires such interest to be paid, Lender shalt not be required to pay Borrower any interat ar earnings oa the Funds. Leader
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required tc pay said taxes,
<br />atsestanents, insurance premiums and ground rents as they fall due, such excess shall be, at Borrowei s option, either
<br />promptty repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payttunt in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower arty Funds
<br />held by Leader. If under pazagraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than imtmdiately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of appllcatioa as a credit against the sums secured by this Mortgage.
<br />3. A~eatiem M Paymttsla. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under pazagraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Ctsetger, Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or groumd rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shalt promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall tttake payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly dischazge any lien which has priority over this Mongage; provided, that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lirn in,
<br />legal proccedings which operate to prevent the enforcement of the }ten or forfeiture of the Property or any part thereof.
<br />5. BTasard Imaraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss 6y fire, hazards included within the term "extended coverage '. and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />stmh coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The insurance carrier providing the insurance shalt be chosen by Borrower subject to approve( by Lender, provided,
<br />that such approval shag not be unreasonably withheld. A11 premiums on insurance policies shall be paid in the manner
<br />provided wrier paragraph 2 hereof or, if sot paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />Ail insurance policies and renewals thereof shall be in form acceptable to Lender and shall iitctude a standard mortgage
<br />datt~ in favor of and in fotsn acceptable *.o Letst~r. under shat! have the right to hold the policies and renewals thereof,
<br />and Hfurower shall promptly fttrniah to Lender all renewal notices and ail receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt tmiice to the insurance terrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower,
<br />Uttlps Leafier and Borrower otherwise agrce in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />trot thereby impaired. If such restoration of repair is not economically feasible or if the security of this Mortgage would
<br />be unpaired, the imurance profxeds shall be applied to the scans secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned 6y Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Leader eo Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Properly
<br />or to the sttrm secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due data of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />is and to any insurance policies and in add to the proceeds thereof resulting from damage to the Properly prior to the sale
<br />or acquisition shalt pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
<br />acquisition
<br />ti. Pttaservatioa asi Mttir.tetauce of Ptropetiy; Ixaxhoids; Condo®ioiatns; Plaeaed Unit 1>kvelopttseots. Borrower
<br />shall keep the Propetfy fn good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />sari shall comply with the provisions of any lease if this Mortgage is on a leasehold. if this Mortgage is an a unit in a
<br />condominium or a planned unit development, Borrower shall perform aII of Borrower's obligations under the declaration
<br />or covenants creating or gaverniag the condominium or plamned unit development, the by-laws and regulations of the
<br />condWniniutn or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed 6y Borrower attd recorded together with this Mortgage, the covenants and agreements of such rider
<br />shalt be incorporated iota attd shall amend anti supplement the covenants and agreements of this Mortgage as if the rider
<br />were a past hereof,
<br />7. Protectlow fl< LeadePa Secarlty, I( Borrower fails to perform the covenants and agrcements contained in this
<br />Mortgage, or if ttpy action or proceeding is commenced which materially affects Lender's interest in the Properly.
<br />•inclttding, but not limited to, eminent domain, insolvency, code en[orcement, or arrangements or proceedings involving a
<br />6anltnapt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />sums and take such action as is necessary to protect Lender's interest, indudimg, but nfx limited to, disbursement o[
<br />reasonable attataey's felts and entry upon the Properly to make repairs. If Lender required mortgage insurance as a
<br />tmnditioa of making the loan secured by this Mongage, Borrower shall pay the premiums required to maintain such
<br />imwaace in effect tutu! such flame as the tcquirettunt for such insurance terminates in accordance with Bort~wer's and
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