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UNIFORM CO\'EN ~NTS. BOffOW'tf and l.~nJcr ~~~vcnant an~ aKrrc aa (uU~~H•s:
i. Pay~meM ui Princlpa! and Inte~rst. 8orru~~er shall pr~~mptly pay ~hrn duc thr principal u( and intrr~~~ on thc
indebtedneu eviJenc~~ by thr Note, prepa)~ment and latc chargc. a. pruviJed in the Note, :~nd the prinr~pal u! and intcrest
on any Future Ad~•ances seeured by ~his Mongage.
2. Fands for Taxes and lncunnre. Subject to applicablc law or to a written waiver by l.cnder, Rorrow~r shall pay
to [.ender on the Jay manthly in~tallments of principal and intcrect ;ur payablc undcr the Note, unlil ~he Notc is paid in full,
a sum (herein "Funds"? equal to one-twelfth af the 1'~arly ta~.~ an.l a~ces.menis which ma~• attain priority aver this
Mortgagc, anJ ground rents ~n the Pmperty, if any. plu~ one-twcUth uf yearly prcmiun~ ins~allmcnts for hazard msurance,
pliis one-twelfth of yearly prcmium ins~allments tor m~~rtgage ins~iranc~, if any, all as rcaconabty e~timate~ initiaUy and from
time to time hy 1_cnder on thc hasis of assessmcn[. anJ hills and reas~m:+blc estimatcK thercof.
The Funds shall he heW in an institution thc deposit~ or acruunts uf which arc insureJ ~~r guar.~ntceJ by a Fcderal or
state agenry~ (including Lender if !_crtJrr i. such :~n in~tituti~~n). Lendcr +hrU apply thc Funds to p:~~• said ia~es, asscssmeats,
insurance premiums anJ ground rents. Lender may not char~e for .o h~~IdinF and applying thc FunJs, ,u~al~•zing said account,
or verifying anJ compiling said asse.timents and bills, unless l.ender p:?}~s Barrow~cr interest on the Funds and appticabfe law
pe:rmits Len~cr to make such a charge. Borrow~r and t.rn~ler ma~• agree in w•riting at ~he time ot e.rccini~~n of this
,~furtgage 1ha1 interest on the Funds shall he paid to Borrower, and unlc,s such agreement is made or ,~pplicahle law
rcquires such interest to he paid, Lender shall nc~t he reyuirrd to pay Borrower :?ny interest ur car~ing, an the Funds. Lender
~hall give to Borrowe~, without ehargr, an annual accounting uf the Funds showing credits anJ dehits to the Funds and thr
purpose for which each debit tc. the 1~unds wa, n~aJe. The Fund~ are pledFrd as additii~nal security tor ~he sums secured
b~• this rfortgage.
lf the amoum of 1he Fu~ew i~e~d by LenJer, tugcther ~tiith thc futurc monthl~ installments of F?~ndc payable prior to
the due dates of taxes, assessmcnt~, insuranre premiums :ind gt~~und rrnts, shali exccc~l the amount reyuin;d to pa~~ said taxes,
assessments, insurance premii~mc and grc~und rent. ~c they fall due, such excess shall be, at Borrow•er's option, either
prompd~~ repaid to Borrower or credited tu BorroH•cr on monthly installmcnt. of Funds. If the amount of the Funds
held by Lender shall not be suflicient to pay taxcs, asce~sments, imuranrr prcr.uums and ground rents as thcy fatl due,
Borrowcr shall pay to Lendcr any amount nc~c»an ~u makc u~ [hc drfiricncy w•ithin ~0 da}~s irom th~ date noticc is mailed
by Lender to BorroH~er reyuesting payment thrreul.
Upc~n paymcnt in iull oF all sums sccured by thi: T1ur~gage, t.cndrr shall piompUy rctund to Borrow•cr any Funds
held by Lcndcr. If under paragraph IS herrof thc Property i. ~~~Id ar thc Propcrt} n othenvic~ arqu~rcd by !_rnder, t_cnder
shall apply, no later than immediatci~• priur to the .ale of t+ir Pre.pert} or its acquisition b~• Lender, an~~ Fundc heW by
Lender at ihe timc uf appliration as a crcdi~ against th~ sumti secured by ~hu lfortgagc.
3. Application of Pa~•ments. Untrsc apriicahle law pr.~vi.les ~~ther.+i.c. all payments rerei~ed b} l.ender un~l~r the
~Iutc and par.igraph. 1:ind 2 herc~~t shall b.~ appli~~c! by LcnJ~r first in pa~ment amou~Us pay.~ble to l.ender M• Bormwer
under paragr~ph 2 hereof, then tv imcrc~t pa~•ab(c on thc t~iotc. thrn to thc prinripal of thc Note. an~f ~hcn t~~ intcrest and
principsi o~s any Futurc Ad~•anrrs. -
4. Char~es; Liens. B~~rru~~er ,h:~ll pa~~ all ta~e,, a.~ec~n:entc and ~uher ~h:ug~s, fi~te~ an:i imp~~~iu~~m attributahle to
the Propcrty which may attain a priority o~•~r this ~fartgagc, aiid IcasehnlJ paymcnts ~~r ground rent~, if any, i~ the manner
~.r:;~~:;cd under pa~agraph 2 hereof ~~r, if not paid in ~uch n~anner, by Bormwer mai.ing pa~•rnent. «hen d~~. ~lin:ct!!• to the
payec th~:cot. 8orrowcr shaN pronipily furnish tu LenJer all nolices ot amoun4s ~ue under this paragraph, and in the e~•ent
Borru~+cr tihaU make pa)~ment dire:tly, BorK~wcr shall prompd~~ furnish to l.cnder rcr~ipts rvidcn~~ng sucn ~a~mrnts.
Borrower si~ail pmmptl~ dis~;harge any lien which has priont~~ ovcr this Mortgage: pr~viJed, tha~ Horr.~vecr ~hall not be
reyuirc;d W ~ischarge an5~ ,uch ticn sn long as Borrowar shail aqree in writ~ng M the pa~•ment of the obligati~~n ~erured b~~
,uch lien in a manner acc~ptablr tu l.ender, or shal! in good faith contr~t s~~rh lien h~~, or defend cnforcement of such lien in,
lega! pr.:.i;ed~~~g~ ~fiich oper.ite to prevent the enforcement ul the li~n or turfciture of the Propert~• ur an} part thereof.
5. Ha~ard Insurance. Borrowcr shall kcep the impro~ements n~~~ e~isting ar hercaft~r crccted on the Pr.~p.:rt~~ insured
against to~, hv fin, hazx~d~ in,lu.ie~ Hith~n the term "~~tcnded c~verage'~, and such a;her t~azards as l.cnd~r ma~• reyuire
an~( ~n such .amrL:~ts and fur surh piriodt a~ Lc~idcr ma~• rcyuerc: pr~~vid~.1, that Lcn~lcr shall no; rryuirc that thc amount of
cuch cu~rra~:~ cxcccd that ~mount of co~cragc rcyuired t~~ pay thr :umc .crurcd h~• this ~lartgagc.
The ~ns~:ran~c ~:erricr providir,~: the incur.sn,~ shall be choxn by Borru~~cr subject to appr.~~~al h}~ I_en.ter, provided.
!hat su:h a~pro~al •.hall not be; unreasonahl~~ ti•ithhrlJ. All prrmiumt on ins.urance policies ~hall b~ paid u~ thr msnner
pn?viJ~d und~r par.~graph 2 iier.-of ur, it nui paicl in ~«rh manner, by Borrouer making payment, whcn due, d~recdy to the -
insurance ~arr;er.
All incurance pulicie, and rene«als there.~t shall tx: m f~irm :~cc~ptable to LenJer and shall ~n,tude ~ta:i.iard mortgage
clau~.: :n fa~~~~r ~~f an:1 in form ac~eptable w Lendcr. l.endcr .hatl hacc the right tu he~ld the puFe:ics :enJ rrnr«alti therc~~f,
and Bornn~er shall pr<rmpN} furnish to I_endrr all r~nrwal no~ices and aU receipts of paid premium.. In the c~cnt of loss,
Bor,uw•,:r sh:Jl gnr promp; not~.r t.~ the ituurance ~arrier and 1_ender. LenJer may makc proot i~f loss if m~t ~~~ade pr~~mpdy
h~~ B~~rrower.
Unless Lender and Borruw~r otherHiu agree in writing. insur:~nce prexec~f~ sttall be app]ied to restnratio» or repair of
+he Property d:~mageJ, pcoviJe~ surh rrstoraUon ~~r repa~r is econc~micall~~ feasible and the cecurity of thi: Alortgxge is
not !hereb~• impaired. It su:h retitorah~.m or repa~r is nrt cconomicalh• f~atiible or if lhe securit}• of this ~lrrtgagc v~'ould
'x impaired, the insurance pnkee~fs shall be appiie.! lo the ,ums secure~l by this Mortgx?ge, with the escess, if any, paid
:o Barrow~r. It the P[opert~ i~ ~F.,i,~~1~.n~d hS Borr~~w~cr. .~r if Borrc~wer fail, tc. res~nd to 1_rnder within 30 da~•s Irom the
uate notice +s maited by LenJer to Borr.~x•er that ~he in~urance carrier :•ICers ro~ettle a claim for +nwrance henefit~, l.ender
i, ~wthorizeu to colleet antl appl~~ th~ insurancr prc•ceeds at l.rndrr's option eithcr to restoratic~n ur repair of the Properl)
ur tu th~ surm ,rcurcd by this Alorlgagc.
Unless t rndrr and Borruwer nthcn~i~c agrsc ~n ~.~iting, an~ su~h a~pliration ~~f pnxecJti to principaE ~hall not extcnd
ur posipooe ihe duc d:~~e of t'ie munthk installments ~efer~ed ti~ in paragraph~ I an~l 2 hercof or changc the amount of
su~h instal:mcnts. If under paragraph 18 hereof the Prop~:rt~ ~s acyuircd h~ Lcn~cr, all righ~, tidc and interest of Borruw•er
~n .,nd tr an~ inwrance policies :~nd in and n~ the pm.;eeJ1 thereoi re~uliing Irc~m damagc ro the Property prior io the tiale
ur acyuisiuo~~ ,hall pass to Lender to the e;teot uf the +am~ secum~ h} th~~ ~lortg.,g~ immrJiately prior to ~uch sale or
~~yu~~~«...;. . . .
6. Presenation and ~taintenancc of PropeH~; Leaseholds; ('ondominiumc; Planned Unit Decelopments. Borroacr
shall kccp ti~c Pro~xrty in good rep:+ir and shall not commit ~aste or permit impairment or deterioration of the Property
and shall rnmplti• H•ith tF~c provisions of any lease ~f th~s :~tort~age ur a leasehuld. !f thit ~fortgagc is on a unit in a
~~~ndominium t~r a pianned !mit Jeseiopment. Borrow•er ,hall pcrform aN of Borruv?er's ubiigations under the declaration
or .:oven:ints crcat~ng or ~o~•ermng the .:ondominium or planned unit de~~~ l~~proent, the by-laws and regulations of the
:~~n~.~mini~m or planne.l unit de~elopment, and ctmstitucnt documems. if a c~~ndominiun~ or planned unit dc~elopment
n.ler iti e~ecuted b~• Borrower and r~corded together w+th thi~ ~lurtgage, the covenants and agrecments of such rider
shaN be ~ncorporateJ ,nto and sh~l1 :uncnd and suppiemcnt the rn~~ena~ts and agrcemrnts ~f this Mortgage as if thc ri~cr
wer~ a part hereof.
i. Prolectiun of Ixnders Sec~rity-. If Rorro~~er faiis to ~erf~~rm the covenams and agreements contained in this ~
~i~r[gage, nr ~f any a_UOn or prcReedmg ~s commenced Khich materialiy ~fiects 1_ender's interest in the Propeny.
incfuding, hut c~oi lim~tec to. emirxnt domain. inw~l~~ency. ccxle enforcement, or arrangements or pnkeedings invol~ing a
b.ni::upt or decedent, thcn Lender at 1_ec~er's option, upon notice to Sorrower, may mai;e such ~ppearances, distxirse such
sums and take such ac~iun as is ne.essan~ to prote~t Lender's intcre~t. ir.eiuJm~e. but nof lim~ted ro. Jisbarstment of
reasanahle attorney'~ ire~ and entry upc~n the Propert~~ to m,~kc repairs. If Lender required mortgage in~yr as a
co~~~t,tion of making the loan 5ecute~ h~ tbis Morigape, Bormwcr shall pay the premiums require~ i9~tl/i~Ttr such
insurance in et~r.:t tmtil tiuch time as ihe reytiiremcnt (ur ,u4h ~nswance terminates ;n accordance vJith Borrovrer's and
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