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UN1FOilM COYENANTS, Borrower and Leoder wvenam ar~d agree u follows:
1• ot hi~e}~1 Mi IMeteN. Bqrrower sha~l promptlY paY wheo due tho principal of and intercst on thc
indebtednas eviden~xd by the Note. prcpayment uid lata char~es u provickd in the Note. a~d the principai ot and intcr+est
oa aay Future Advances sceured by this Mort~a~e. ,
F~N~ br Tatss a~i 1~r~ea~e Subject to spplicabk law a to a written waiver by I.ender. Borrower shall paY
to l.ender on the day monthly inudlmeots of p~ncipal and intercst arc payabk under the Nota. until the Notc is paid in tull.
a sum (herein "Fundt'~ oqusl to a~ahvelfth oE the y~earty tai~es and assessments vrhich may attain priority over this
Mortgsg~, and ground rents on tbe Pruperty. if say, plus oae~twelfth of yearty premium installments for hazard insurance.
plua w~e-twelfth of Yeuiy premium instaUrqpUS for man`s~e insurance. if any. al) as rasonably estimated initially a~d from
ame to time by Lendet on t6e b~tsis of assc:sme~ts and bills a~1 reasonabk estimates thereof.
The Funds s6a11 be beld in an institution the deposia or accounts of which a~e insured o~ gua~anteect by a Federal or -
state agency (including Lend~~ if Le~der is wch an i~utitution). l.ender shall apply the Funds to pay said taxes. assessments,
i~sunnoe pr~emiums and ground rents. L~nder may rwt chsrg~e for so hoWing anci applying the Funds. anal~~zing said account~
o~ verifying and compling said ~ssasments a~d bills. unkss Lende~ pays Borrower interat on the Funds and applicable law
pennits Lender ro mako such a char~e. Borrowu aad Lender may agree in writing at the time of execution of this
Mortgaga that interest on the Fwids shalt be Qaid to Borrower. and unkss such agrament is made or applipbte law
requira wch interat to bt paid, Lcnder sbal! not be required to p~ay Borroyver any i~tarest or tarnings on the Funds. Lender
shal! ~ive to Borrower. witbout charae, an annual aocounting of the Funds showing credits and debits to the Funds and the
purpose. for which wch debit .to t6e Funds was made. The Fur~ds arc plodged as additional socurity for the sums sceured
by this Mortpgr.
If tbe amount of tbe Fut~ hdd 6y l.enckr. together with the future_anonthly i~stallmeats of Funds payable prior to
tbe due dates of tazes, assasmenls, inwrance premiums and ground rents. shall exaed the amou~t required to pay said W~ca,
assauaents. insurance premiums and ground rmtt as ihey fatl due. such exces.s shall be, at 8orrower's opiion. eithtr •
pranpdy npaid to Bor[~uwet or creditod to Bornower oa monthly installnients of Fueads. If the amount of the Funds
i~eld by Leader shap not be su~t W pay tua. asscssnxnts, insurance prcr.iiums and gnwnd rcnts ss they fall du0. _
Borrawer shsU-p~y to Lendu any amouat oovasary to make up the deficiency within 30 days from the date notice is mailed
by L,ender to Borrowet rcquatinj payment thereof.
Upon payn~ent ia full ot sll sums sbcured by this Matgage, t.ender shall promptly refund to Borrower a~y ~t?ds
held by Lenckr. It under p~r~raph 18 l~ereof the PropenY i~ sold or-the Prc~eny is othe~?ise acquircd by Lender. I.ende~
slull apply. no laur tbaa immodiately ptior _ to tbe ssk of the Pwpertp or its a~quisition by I.cnder, any Funds heid by
[.~nder at the urne of applicatiao ai ~ cral~t againsi tfie sums securod by this Mortgage. ~
' 3. Apptic~tiow d pa~ab. Unkss spplicsbk lsw providea otF~erwise. all payments received by Lender uader the
I~fote and paragraphs 1 and 2 he~eo[ sha11 be applied by I.ender 6rst in paymcnt of amounts payable to Lendet by Bormwer
under Raragraph 2 hereof. cbea to iateres~ payabk on ehe Nae, then to~ the principal of the Note, and then to intercst and
principat o~ any l~tute Advano~s. -
4• ChaqCes: ~Jeps. 8ono.~~cr shall Qay all ta=es, a~wneots and o11xr charges, flius anii imposiEio~s attributabb to
tfie Property which may attain a prinrhy over this Mort6aae, and kasehold payments. or gmund rents. if any.. in the_ manne~
pmvided under ~aragraph 2 hereof or, if na paid in such manner. by Borrower making payment, when du... directly to t6e
payee tl~eneof. Borrowa slw(! promptty furnish W Leoder al! notices of amounts due under this paragraph, aud in !he eveot
8orrower shall make paymen! directly, Borrower sluq~promptly furnich to L.ender receipts evideocing sucb payments.
Borrovrer shall promptly dischuYe any lien wli~ch has priority over this Mortgagt; provided, that Borrowe~ shall not be
requircd to discharge any such lien so bna at Borrower shall agrex in writing to ihe payment of fhe ebligatiorr secured by
suc6 lien in a manuer acceptabk to i.eoder. or shall in Sood faith oorrtest such liea by, or defend enforcement of such lien ia,
Itgal pruceedings which operau W prevent the err(ortanent oE the lien or forteiture of the Ptope~ty or any part thereof. .
S. Hazsrd Insoraece. Borrower shall keep the improvements rx?w~ czisting or hercafter erccted on the Propcrty insured
against Ioss by fire, hazards included within the term "exeenckd coverage:'. a.r~d s4~ch other hazards as I.ender may require
anJ in such amounts and Cor such periods u Lender may require: pmvideJ, that Lender sha!! not requice thaf the amount of
wcf~ coverage exc-eed that amount M coverage required to pay ~hr sums secured by this Mortgage.
The iawrance carrier providing the inwranoe shall be choaen by Borrower wbject to approval by Lender, provided,
thal wch approval ~.hall pot be unoeasooabiy withbeld. A11 prcmiums on insuranee pc~licies shalt be paid in ihe manne~
pzovided uader paragtsph 2 hecoof or. if not.paid in wch manner, by Borrower making payrrieat, when duex dimtly ta the
+nwraace
carricr. -
All inwrance policias and renewalt thercot shall be in fom~ acccsptab~e to LenJer and shall include a stanJard mortgage
• clause in favor of and in form aeceptable to Lender. Lender shall havc the right to hold the poticies and renewals thereof,
and Borrower shal! prorpptly furnish to Lender all r~enewal notic~es and a0 receipts of paid premiums. In the event of loss,
Borrower shall give prumpt notice to tbe inwrance carrier and I.er~der. Lender may make praif of loss if not made promptly
by Borrower. -
Untess Lender and Borrower ot}~erv~ix a~ree in w-riting, inwnnce proceeds shalt be applied to restoration or reQair of
the Property damaged, pmviJod such restantion or rrpair is ecanon~ically teasible and t}x security of this Mortgage is
not thereby impaired. If wch ratoration or repair is not economically fcasibk or if the security of this Mortgage would
be impaired, the insurance proceects shall be applied to the sums secured by this Mortgage. with the excess. if any, paid
to Borrower. If the Ptoperty is abandonod hy gorrower, or if 8orrower faits to respond to Lender within 30 days from the
date aotice is maifed by Lender to Borrower that the insuran..-t carrier offers to settle a claim for insurance benefits, Leader
is authorizod to colkct and apply tbe insurance procoods at [.ender's option eit6er to restoration or repair o# the Property
' or to thc snms ~ecur~d by this Mort~age. -
Unless Lender and Borrower othenvise agroe in writing, any such apptication of proceeds to principal shall not extend
or postpone the due date of the monihly insta!lments referrtd to in paragraphs 1 and 2 hereof or change the amount of
` sucb installmentc. If under puagraph 18 bereof tbe Property is acqiiired by Lender, all right, titk and interest of Borrower
in and to am iasuranee policies and in and to tl~e procoeds thercof resulting from damage to the Property prior to the sate
i or acquisitia~ shail pus to i.ender to the extent of the wms securcd by this Mortgage immediatdy prior to such sak or
uquisitian.
! 6. Pnsenal3o~ aoa :yfs~tewaece of rroperty; Le~e~olds; Condominiums; Plan~ed Uait Develapments. Borrower
I shatl Iceep the Property in good repair and sha11 not canmit waste or permit impairment or deterioradon of the Property
and sball comply with the proyisions of wy ksse if tha Mortgage is on a teazehold. If this Mortgage is on a imet in a
coadominium or a ptanned unit developtpcnt, Borrowet sha!! pedorm a!1 of Bormwer's obligations under the declaration
or coveaants creaiing or go~~erning the condominium or plannod unit development, the by-iaws and regulations of the
condominium or planned unit devebpment, and comiituent documents. If a condominium or planned unit devetopment
rider is ececWed by Borrower and recordod together with this Mortaage, the covenants and agrxments qf suFh rider
shall be incorporated into aud sha11 amend and wppkrnent the covenants and agreementa of this Mongage u if the rider
were a part hereof.
. 7. lrefect~ d Le~de~s Sec~iy. 1f Borrawer faib to perform the covenants anei agrcements containod in this
Mortaage, or if any ution or proceeding is co~nmeoood which materialty aHects Lender's intercst in the Property.
! inctuding. but r~ot limited to, eminu~t danain. insdvency. code ~nforcemeet. or unngements or proceedings involvina a
~'I baakrupt or dccodcnt, tlxn I.ender at l.eadera option. upon ootice to >orrow~er. may make wcfi appearances, disburse suclr
f suaos apd take such action as a neceswp to pracet [.eoder s interest. includir~, but nat limited to, disbursement of
~ reawosbk attoroey's foa u~d entry upon t6e property to make repairs. 1f Lender required mortga~ee insurance u a
' condition of malcing the loan securod by this MortgaEe, 8orra?er shall pay the premiwns required. ta_ maint~in such
! iawrance in eBect until wch tiane u the rcquirement for wch insurance terminates in accord~~.Mrith' ~orrowers and
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