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Home My WebLink About0931 UK~u[ OovBN~rs.. Horrower aad l.eade~ coveaant and a~roe aa follows: l. ~ w hlyd~ul ~¦i l~ert. Bbrmwer shaq promptly WY when due tho priocipal of aud interat oo the i~rdebtednea evideooed by the NWa prepsyment and late charges u providod in the Note. and the princiPal of snd interat oa wy Future Advancas ~ecu~ed 6p this Mortsa~e. 3. !ri he 7'~z~s ~i l~a~e. Subjxt to applicabb law or to a written waivec by Lendor, Botrower shall WY to Lender on tbe day moathlr installa~ants of principal and interest are payabk u~der tha Note. until d~ Note is paid in fuU. • a sum (hetein "Fundt'~ eqwi to oae-twe~fth of the yeady taxes and asses.vnenb which msy attain priority over tha ~ M~tp~. and ~nd caab on the Pmperty. it ~ny. aus oao-twelnh of Y~~Y premiuan instattments fa hazard insursn~, ph~s ooe-twelfth of y~early premium iostalimenb fot mort~e inwnnce. if my, a!t as reatoaabty estimatod initiaqy aad it+oaa dme to tlane by Laoder aa tbe b~is of a~unxab and billa and reawnabk estimat~ thereof. '1Le P~ds sba[I be l~eld ia an i~utitutio~ the deposib or sccounts of whicd aro insured or guaranteed by a Fedenl or stste a~a~cy (iachdina L,eadet if I.eoder a such an imtitution). !:eader sl~all apply t6e FY~nds to pay uid taxa. assasn+ents. insunooe p~enuums aad Srouad rents. Lender may not cbar~e for so holding and aPP~Yia~ the Fu~ds. anaiyziag said acooua~ o~ ve:ityius aod oompilin= said usasme~ts and bills, ualas l.ender pays Bomower interest on the Funds and applicabk law permib Leede~ to make wch A charae. Borro~wer and Leader may agrce in wridng at the time of executioa ot thi: ~ Morf~e tl~at inte~+est on the Funds shall be paid to Bomowe~, and uakss wch sa~eemecst is made or applicabk ls~r reqtures wch iat~t+est to be Q~id. Leader shall not be requirod to pa~y Bomower any interest or earaings on the Fuads. Lender ; ~a11 pve to Borm~rer, without cbarge, an aanual ac~oounting of tl~e Funds showi~g crediu aad debits to the Fuada aad the ! p~upose for w~bich ac6 debit to the Funds waa made. 'Ibe Fu~ds are pkdged u additionai security for the sums sxured ~ tba M If ti~e aonouat of the Fund~ heW by Lender. together with ~he future monthly instaQa~eats of Funds payabk prior to F the due dat~s of taxea. asaasn~ms. insuramx pfemiuma and ground reats. shal! exoeed the amount requirad to p~y said taxa. ; a~xamants, inwranoa preeniums aad Srour~d rmts ~ they fall due, such excess sha{t be, at Borrower's option. eithcr rou p~oo~ptly repaid to Borrnww~ or cxedited to Borrowe~ on monthly inuallments of Funds. lf the amouat of the Fun~ ~eid by I~eader ahaU not be w~t to pay taxes. as~ssona~ts. iasurance pr~miuros and gmuad rents as they fall due. Henower s6alt pay to La~der aoy smount neoessary to make up the deficiency within 30 daya frnm the date notioe is mailod _ by I~eade~ t~ Horrow~ req~atina PaYmept thereof. ; UP~ P~Y~ in full~ of aU sums second by thia Mortgage. I.ender shall promPdY refund to Borrower any Fun~ + beld bgr Lend~t: If unda paraarraph l8 fiet+eaf ti~e Property is sdd or the Propetty is otberwise aoquired by l.ender. I.ender ~ shall apply. no later than imanediately pcior to the sak of tl~e Propecty or ib aoquiaition by L.eader. aay Fuads held by Lmder at die wne of applic~~tion as a credit saaioat the sums secured by this Mortgage. 3. A~iiado~ ot tq~eNR Unless applicabk law provida atherwise. all paymeots raeived by Leoder under the Note and paragaphs 1 and 2 he~ ahall be applied by Lender &st in payment of amounb payabk to Lender by Borrower uoder para~raph 2 he~+eof, t6ai w intecest payabk on the Nae. then to ~he priacipal of tt~e Note, and tben to intecrst and ~ priaapal oa any F~ Advanas- ~ > 4. CiiaRr~ i~e~s. Borrower s6aU pay all taaes, sss~mwts and other charaes. 8nes aad impositioos attributabk to y the Prope~ty w'hid~ nt~y attain a p~io~ity ower t6is Mortgage, aad lessehold paymeob or ~ renb. if any, in tbe manner t ptavided under para~apl~ 2 hereof oc. if not paid in such taanner. by Borrow'er makio8 WY~t, when due. direcdY w tbe Payea tbaeof. Horr~ow~er thaU P~P~Y furnish W I.ender all notioes of amounts d~ under this paragraph, ~ad in the ~veat ~ Bon+o~rec shall mal~e paymeut directly, BorroMrer shaU promptly furniah to I,ender raxipts evidencing wch PiY~pa- i Bata~ver a6all P~~Y ~Y ~ which has priority over this Mortgsige; Provided, that Bot[ower ahall not be ~ i required w diacharge any wch lian so loag as Borrower sha11 agree in writing to the payment of the obiigatan aecnrod by t ~ wch lien in a manner aooeptabk to I.ender. or shall in good fait6 contest suc6lien by, or defaid enforce~a~t ot such lien io. # k~al Pr~edings w'hich operate w pnevent the enforceanent of the lie~ or fotfeiture of the Property or any put t6ereof. - S. Ha~ar3 Iwra~ca BatmvMer shall keep the impmvements now existing or henafter erocted oa the Property insured ` " caverage,,, aad such other haurds ss I.ender ma uiro again~t los~ by fice, hazarda includod withia the tenn extended Y~'e9 1 aad in suc6 aaaunis and fot wch periods at [.ender may requit+e: Provided, that i.en3~x shall aot require thu the amount of sucb covers~e exoeed tbat atno~mt of ooverage requir+ed to pay the sur~ socured by this Mortaage. '~e inwranae curier provi~iag tbe iawranoe shall be choaea by Borrower wbject W appmval by I.ender, pravided, that wch approval ahail not be unrasonably withheW. All pretniums oa insurance policies s6aU be pAid in the manner - provided nnder puapap6 2 het+eof or, if not paid ia such manner, bY ~~~6 P~~~ wheu d~e, ditecity to tt~ inwranx carrier. . • ~ - All ~ pdicies and reaewals thereof shatl be in Eorm aceeptabk w Lender and shall include a standard mortgage cLu:e in favor of aad.in form aooeptabk to Lender. Lender shalt have We right to hoW t6e policies and noewals thero~f, aad BorroNrer shall prompdy furnish w L.ender all renewal natioes and all roceipts of paid prdniums. In the event of loss. - Borrowa slwli give prompt notioe to tl~e insuranoe carrier and [~ender. Lender may make pmof of bas if not made promptty ; by Borc~owe.r. Unks~ Lender aod Borrowa otberwise agroe in writing, iRSUracwe proceeds shall be appGed to n.storation or npair ot ~ ~~y ~~~8'~. P~vidod such e+estoration or repair is econanicaUy feasibk and tbe security uf this Mortgage is ~ not thaeby impained. If such restoration or repair u not ecawmically fe,asibk o~ if the security of this Mortgage would ~ be iaup~ui~+ed, t6e iaiuranea prooeeds sJ~all b~ applied w the s~mos socur~ed by this Mortsage, with the esoas. if anr. P~ to Bomo~vu. If the Property is abandonod by Bormwu, or if Borrower faits to respood to I~nder witttia 30 dan fmm the ~ date notioe is mailed by I~der to Borro~wa that the imuran~x carrier offers w settk a claim for inauranoe bene6ts, Leoder = is authorized w colla:t and spply the iaturanoe prooeais at Lender's option tither to nstoration or r~epair of the Properiy € ~ or w tbe wms socurod by t6is Mort~e. Unku Lender aod Borrower otherwise agroe in writing, any such application of prooeeds to principal shall nat esiend ~ ~ or pwtpone tbe due date of tbe monthly inataUments referred to in paragrap6s 1 and 2 hereof or change the amount of ~ s~x:b imtaUments.. If under p~rs~aph 18 heroof the Pmperty is acquirod by I,eader, all rig6t, 6Ne and iaterat of Borrowler ~ ~ un ud to any i~uanoe poticia and ia and W tl~e proooeds thereof resulting from damage to tbe Property prior W tbe sale ~ I, er aoquuition thall pass to I.ea~der to the eatent of the sums aecurod by this Mortgagit immediately prior to such sak or ~ f ~ ~ ~ f. haenalia~ a~i Mabte~oe oE h~o@atT IRase~oid~ Cowao~iai~s's; !'la~~ei Udt Ik~do~eab. Borruwer ~ 'i s6all 1~eep the Property in good rep~ir and shaU not com»pit waste or permit impairment or daaioration of the Pruperty ~ sod s6a11 comply with tbe provisioos of any ka~e if this Mortgage is on a kasehold. If this Mortgag~ s on a unit io a ~ eondominium or a plaoaed unit developaient, Borrower shall pedorm all of Borrowr.t's obligatiaos uoder the doclaration ~ o~ ~wants creatina or gov~aning t6e condominium or planned unit deveMpment, tbe bgr-laws aod ~ulstions of tbe ~ condominiom or planued uoit dsv~clopment, aad ~tituwt documents. If a condominium or pianned unit development = rida is eucuted by Bormwer and rworded eogether with this Mortgage, t6c cwrooants aud agroaneoa of wch rider ~ iLafl be inoorporated i~o aad shaU atnend and wppkment tbe coveoants and asreements of this Mortgage as if the rider wer~ a part bueot. ~ 7. teNec~ea ~t I~iers Sec~rity. If Borrower faifs to perform the covenanis and sg~eernenb oontaincd in this , li[ortja~ or if any actioo or proc~eediag is coma~enoed which muerialty aHxts [,znder's intaest in the Property. ~ ~dinf, but not litnitod to. eminent domain, insolvency. code enforcement, or arrangeroeots or prooeeding~ involving a ; y~akrupt or decedent, tben Lwdet at Leadv's option, upoa notioe to Bomower, may make wc6 appeaianoes„ d'aburse such ' a~ms aod take web actioo as it necessary w protect I.~nder's interest, including, but not limitod W. disbutsaneot of , ~ nasoosbk atw~s Lees aod eatry upon t6e Property to make repairs. If Leader required mortaa~e insuranoe as a ceodition of malcin= ~e ban securod by this Mortgage. Borrower shall PaY the premiuros roquired W maintain wch ~ ~ in e6e~t ~otii w~ch time as the roquirement for such insursinoe terminata in a~eeocdana with BormYrer's and ~ Boox 27z PacE 9~ j . . _ . _ _ _ _ . .~..~z-~~~~~~-~ _ _ - - .__~4_ .