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t'~~tuR~~ Co~•~~a~rc. RonoNet and l.cndrr cm•cn.~nt aiid a~rer (ollows:
1. Pa~ment ot Principal and luterest. Borruwer .hall pn~mp~h• ~,a}• whrn due ~hr principai o( aud interru un the
iudrbtcctnr~. rvidruccd b~• thr 1utc. ~~trpaymciu aud latr cliai~c+ a~ ~~ru~idcd iu t!?r \uic. :wd tl~r priniipal uf aud iuter-
r.t u~~ au~• Futurr f~d~~ancec securrd b~ this \Ior~Rage.
2. Fu~ds for Taxa and lnsurance. tiubject to applicable law• or tn a w~ittrn wai~•er by I.e•ude~. Rorrur+•cr shall pay
tu Lenilrr uu the ~lay mun~hl~ in.iallnu•u~s nI princi~~al and ii~terrct are pa~ablr under th~• !~ole. u~~til thr !~ote i? paid in
tull. a.uns (hr~eiu "Fundi') rc~u•rl ~~~,c-~w•eltth ot the ~earh taxrti and :~.u•~.~nrutc whi~h ma~• auai~~ priority o~•er this
\lu?tKakr. and ~uund rrntc un thc {'ru~~rny. i( am~. plus oue-tw•cl(th yi:~rl~• ~~nmium iu,tallmrn~c I~~r hai:uc! insurancr.
plu. uur•~wel(th yrarl~ ~~rrmium i~~uall~nent, fur murtKa~e imurancc. i( aur, all a~ rcaW~uabh• euimatrct initialk and (rum
iimr tu time b~ l.cndc~ on the ba~i+ u( a~K•.uncut~ and biUc aud reaw,~~able estima~r~ ~he~~ti?t.
'I hc Fw~d~ ~l~all tx hrld in an in,titution ~hr dr~«?cih or auuunta oI Mhich arr inuur~l ur RuarautcYd h~• a Federa! or
.t.itr aRc~uv (indudinR Leud~•r i( (.ender i> >uel~ :~n iuctitutiuu). I.e•nder ~hall aprl}• thr FuuJt to ~~ry +aid ~axe~. ~~~esunents,
iu.ur.u~cr premium. and Kruuuil rrut~. Le~~der ma~• uot chatgr (ur u, huldiuR aud ap~,l~iuR the Fiwd~. auahiinR wid aa
i~~unt, or verih•iuR and compiliuR wiid a.tirti.meut. ~ud hills, unlr.. l.ender pa}•s Ror~uwrr iutereu ~~n the Fuuds an<t ap-
~,li~ablr law permiu Lrndrr to makc ,u~h a char~;c. Borrower and l.rn~lrr ma~• aqrer iu N•ri~inR at thr time o( execution of
~hi~ \I~~rtkaRe that interr,t ou thr Fund~ ~hall be ~,aid tu Borrnwer. and uule~c cuch :~Rrrem~•t~t i~ made ur applicable law
rrquirr~ such iutere~t to ix paid. Lcndrr +hall uut Ix requircYl u? ~,a}• Borr~nrer am• intcrc~t or ran?inRs on the Funds. l.ender
.liall Ri~~e to Rorrower, w•ithuut ~har~;r. an :uinu~l accountinR o( ~I~c Fund~ .huN•iuR ~rrdit. and debit~ to thc Funds and the
pur~x,.e (ur Nhich rach drbit ~o thr Fuud. M•~~ madr. ~1'he Fund~ are pledRed as additiuual eecurity tnr the wme ~ecured
b~ this \tortgaRe.
1( the amount o( ~hc Fu~ids held by Lender, a?~ether witli the (uture monthlv inctallments Fundc ~~a~able prior to
thr duc dates oI taeeti, acxtcmrnt~, iu~?uance prcmium. aud Rruund'rents, shall exce~Yl thc am~?unt rrquired to pa~• said
taxcs. assrssmcnts, in.urrncc prcmium. and Rr~~und rents as the}' tall ctue, such exccss tihall he, at I;orruMer's u~tion, either
prompth• rcpaid to BorroNCr or cmditcYl to Bnrrower on monthh in~tallments oi Fuud.. !f the amuunt ot the Fund~ held
b~• I.r~~der .hal) not tx su(ticient to pa~• ~ases, a~ucsments, insurance premium~ and Kruund rentc ae the~ (all due. Borrower
shaU pa~• Lender any amnunt neu~san• to make up the deticienc~~ within 30 dacs (rom ~he~ date ao~icr is mailecl by Lender
to Borrc~Mer requestiug pa~ment tt?erco(.
UExa~ payment in tull ot all sums SecureYl b}• thic \iortRaRe. Lender shall promptl~• retund ~n RorroMCr any Funds
held b~• I.rnder_ 1( under paraRraph IR hcreof the Property is u,ld or the Pmpert~• i, o~hen.ise acquired b~ I.ender, Leuder
~hall appl~~, no iatet than immediateh~ ~~rior to tl~e c;~le of the Propert~~ or iu acqui,itiun bv Ixncirr, auv Funds held by
I.rndrr at the time of application as a creclit a~ain~1 the sumc ~rcurecl b~ this ~Ior~KaRe.
3. Application ot Pa~•ments. LTnlesc applicable IaN pru~•ide. ~thenvise, all ~~a}mrnK recei~•ee1 bv l.ender under the
\~~tr a~~d paraRraph~ 1 anct ? hern~( .hall !x• aF~~,lird br Lcnder (irst iu pa~ment o( ~mouuts ~,:~}:~f,lc to I.ender 1,~• Ii~rroher
under paraRraph 2 hereuL ~hcu t~? intrrr.t ~,a~ablr on ~hc \ote, then to the principal ut the 1ote. and thcu t~ interest and
principal nn am Future :~dcances.
4. Chary{es; Liens. Bormher .hall pa~ all wxes, acsessmrnt~ ~nd other chary,es. (inrs and im~MSitim~c attributable to
thc Pro~xrt~ whith mac attain a~,riorit~ u~cr this \IortRaRe. :~nd lcau•I~~~Id pa~mrntc or Krouuil rentc. it au~. in thc man•
~ur prr?~ideil under paray,rrph 2 hereut ~ir. i( not ~?aid in such m:uiner. b~ Born,~crr maki~~A F,a~•meni. ~sheu due. directh to
thr ~x~~cc thcrco(. RorroNrr shall prom~?tlc (urni+h tu l.euder all nutices of am~?untc duc undrr thic ~~araRraph. and in the
e~ei~t RorruN•er .hall make pa~rne~~t directl~~. &~ttoNCr shall pr•~mptlc (e~ruish to l.rndrr receipts e~~idrneinR wch pa~ments.
Rurn~~•cr shall pn~mpth• <IiuharRe anc li~•n a-hich hac priorit}' ~~~cr thi+ \f~~rtRa~c: prmidc~f. that B.,rr~?~.-cr shall oot be re-
~~uirrd tu cliuharRc au~ tiuch licn v? lun}; Bnrr~,NCr .h:ill a~rrr in NritinR to the ~r.i~mcut u( thr obliR:itinu ucurcd tn• such
lirn in a mauner acce~table tn Lruder. ~?r ~hall iu K~~xl (aith cnnu~u suc h lir~~ b}~. r?r de(end enG~rcement ni such lien in. le-
R:il pnxecYlinRc N•hich operatr to pre~en~ the eu(.~rcement ot the lien or for(eiture ot the 1'topert~• or ant~ part thereof.
5. Hazard Insurance. BorruNrr .hall keep the improvemeutc n~~w• exictinR or hereatter erecteci on the Property in-
u~rect :~Rainst lo~. by~ (ire, ha~ards includeci w•ithin the term "extrndrd cmeraKi", and ~uch other hatards as Leudrr ma~• re-
~~~~ire and in cuch amounts a~u1 for tiuch ~~eri~K1. r+ Lcudcr ma~ rcquirc: pro~•idrd, that Lendcr ~hall uot requirc that the
amnunt o( wch co~•eraRe excecYl that am~~unt u( cmera~e rec~uin~1 tu ~~a~• the sum+ ~rcured b~ thie ~fortRaAe.
'I'he insurance carricr prm•idinR th~ insurance shaU be cho~en bc Ii~rrow•er subject t~? appr~~a) b~ I.ender: ~rocided,
that ~uch apprmal +hall not be uun•au~u:ibl~ ~.-ithhrld. :~I! prrmium~ nn iusurancr ~x~lic iec shall tm ~~aid in the manner
pro~idrd iuutrr paraRraph ~ here~~f ~?r. i[ n~~t ~~aid in ~uch manner. bc BnrroNer maki~s~; pa~•ment. Hhen dur, direttl~ to
I thc iruurance carrier.
i :111 intiurance ~licies :md reuew•alc theren( .haU be in f~>rm acceptable t~ l.ender and shall in~lude a titandard mort-
~ RaRe clau.r in (a~~~r ot and in (~~rm atce~,table t~ l.ender. I.ender .hall ha~e the riRht t~~ h~,ld ~hr ~x~licir~ aud rene~sals
thereoL :uul R~,rroH•er tihall pi~~mpth (uruish Len~ler all rr~zrti~al nutice~ and all recei~,tc uf ~?aid ~~remiumc. In the e~•ent
~ of lotic. R~~rrowrt shall Ricc• F~n~m~~t n~,~icr tn ~hr in;ur:uur carrier .~nd [.rndcr. l.euder ma. make ~xoo[ n( lnss i( not made
~ promptl~ b~ Br~rror.er.
~ Unle.s Lrnder and Rorroa•er otherwise aRree in H-ritin~. ir.tiurancc pr~xeeds shall be appiied ro re~toraeirn? nr repair of
th~• Pmpert~• damaRed. procidrd wch re~torati~n ~r repair is ernn.,mic:~lh• (easible anet the crcurit~• o( this \l~~rtKagr is not
~ thereb~~ impaired. If such restorati~n ~?r repair is i~ot ccm~omicalh~ (e:~~ible ~r if the u•curit~~ ~~f this ~f~~rtRaRe w•nuld be im-
~ ~~aired. the imurance pr~xred, shall Ix• applied u~ the ~um+ securecl bc thic ~(ortRaxe. Hitli the excr.c. i( an~, paid to Bor-
r~~~.•cr. If the Pr~~pertc i1 abanduned h~• B~rrm.•rr. or if Borrower (aih t~~ res~nd u~ l.cnder NitFiin 30 da~s from the date
n~aice i~ mailed bc Lrnder to R~?rroNer that thr inwrance carrier ~f(en u, tiettle a claim (~~r insurance bene(its. Lender is
authoriiecl to u,llect and applc the insuranre pnxeecis at Lenderi n~,ti~~n either t~~ restnrati~?n or repair ~f the Property or
tn the sums secured b~• thic ~tortRaRe.
[,'nles. Lendcr and R~~rr~>Ner oth~rNiu a~rce in Mritinq, am• suth a~?plitation ~f pnKCedc t~ principal shall not extend
or postpnne thc duc clate of thc monthl~ iu~tallmentti re(errecl t~~ in paragraphs I and 2 hcreot or chau~c the amount of such
~ inuallmentc. It under paraRraph 18 heren( ~he Pn?~~ert~• is acquired bc Lender. all riKht. title and interest of Borrower in
~ and to an~• inwrance ~~nlicie~ and in :uid u~ the pr~xerds there~?t re~ul~in~ (r~m damaRe ur the Pro~~ertc prior to the sale or
acyuisiti~~n .haU pas. t~ I.ender to ~he exten~ o( tf~e sums .ecurect b~~ thic ~1ortKaKe immediateh prior to such sale or
$ acquisi~io~~. ~
~ 6. Prestn~ation and ~taint~nante o( Pro~~crt~; [.easeholds: ('.nndominiums: Planned Unit De~dopments. Borror~er
f ctiall keep the Pr~,pert~~ in R.KxI re~,air aud .hall not commit ~.•a~tr ~~r permit impairm~•n~ or deterioration n( the Propert}•
= and shall cnmph~ with thc prm•isiou. r?I an} IcaK• i( this ~(ortpaRc is on a Icauhold. I( thic \I~rtRa~e ic on a unit in a
~ ~ondomi~iium ~~r a planncd uuit dccrln~mcnt. BorrnH~cr shall ~x•r(orm all of Burrnw•cr's ~~bliKations undrr thc declaration
k ~?r cocenants creatinR ~?r Ro~erniuR the ~nndominium .~r planned «uit de~•elopment, thr bc•lar.s and reRulations o( the tondo-
' minium or plannrd unit de~•el~?pmcnt, and constituent d~xuments. If a concl~minium ~~r ~?lannrd unit dccel~~pmcnt rider is
' rxecuted bc R~rrr,r.-er and rea~rded u~Keiher Nith thic ~IOiI~J~C. fI1C COCCllill[S and aRreementc of such rider chaU be in-
= cur~x?rated int~ aud chall amend and .upE~lrment thc co~~enant~ and aRrecmcnts o( thi~ \IortRaR.~ :~s it thc ridcr M~ere a part
~ hereof. .
~ 7. Prote~tion ot Lendtr's S~curity. I! R~rr~~Ner (ails to ~er(nrm the m~~enantc and aRreements c~ntained in this
~ ~(~rtRaRe. nr if an} actiuu ~~r prnceedin~ is cummenced r~hith materiallc a((e~t. i.endrr't interest in the Propertc, includinq.
~ but nr,t limited tn. eminent dnmain. inu~h~~nc~. c~xle en(orcement. ~~r an:uiRement~ ~~r pr~xeedinR~ im~I.inR a bankrupt
~ nr decedent. then Lender a~ I.endrr'. optinn, u~m notice to R~rroM-er. ma~~ make such a~~~>earauces. disburtie wch sums
~ and take wch a~ti~~n ae i~ neceswr~ tu ~,r.~trct Lrnder'c intereti~, includinK, but n~~~ limited t~~. disburument o( reasonable
attornec's (c•es and entn uEMn the Pr~?~Mrn tn make repairs. II Lender required mur~KaRe iuwranee as a coiidition of
~ makinR the I~~an .ecured I,~• thi~ ~I~?rtRaRe. B~?rr~w•er shall pa~ the premiume requireel t~~ maintain ~uch insurance in ef-
k fet~ unti) wch time ac thc reyuitcment (or tiuch in+utance te~minate~ in accordan~e N~i~h Borrow•er's a~id Leuder's written
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