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~1NIFORM LOYEN.\NTS. BOffOWtf afla I.C(1~ICf Cuvcnant anJ ::RfCC :1S ~O~~pWS:
1. Pq'a~ent of Ydncipai and Interesl. Hu~r.~Ner shall p~~~mpUy puy ~hen due the princip~l ~if and interest on thc
indcbtedness e~•idenccJ by ~hc Nutc, prcpayment anJ latc charg~. a. pr.wided ~n the Note, and thc pri~cipal of and intrrrst
on any Futurc Advanrcc scrural by this Murtgage.
2. Faade tor Tuea and lnsuraacr. Subjec:l lo applicable law o~ to a w~itten waiver by l.ender, lkirrov?•er shall pay
to t.enckr on ~he day mo~thly inslallments of principal and ~ntenct •rrr payable undcr tM: Natc, until Ihe Natc it paid in tull,
a:um (herein "Funds") equ~l ta ane-twelfth of the vcarly ta~es and asces~ments which ~may 81181fl pfl(~flly QYCf flit5
Alortgage, and gmund rents on thc Pn~perty, if a~y, plus one-twrlfth uf yra~ly premium installmcnts for ha~ard imurance,
plus one-Iwelflh uf ~~early premium in~tallmcnts for mongage insurancr, ~f any, all as reau,nably esti~natrd initially and from
time ta time by l.e~dcr on thc hasic o( ~,~es~ments an~i hills anJ rc:i~~,nabie estimates thcreof.
The Funds shall t+e held in an in~titutiun thc Jep.aits or arruunts ot which are insumd or guaranteeci h~• a Federa! or
~ « eccmenis
insurance premiums unJ ground re~ts. I.ender may nat charge tor holding and ~pplying the FunJs, ;~naly7ing said accaunt,
a~ ve~ifying :?nd compiling said as~~ea.ments and biUs, unlcss l.cnder pays Hu~~~,wzr interest on the Funds and appli~able !av?•
permits 1.enQer to make ~uch a ch;uge. I3orrower and I.en~ter may agr~~e in wHting at ~he time uf execution of this
:lc~rtgage that i~tere.t on the Funds shall Ix paid to l3orryN•cr, •rnd unless such ~green~ent is made or applicable law
requires such interest to tk paid, Lender shalt not be reyuire~ ta ~y Rorrow•er any in~crest or earnin~~s un the Funds. t_coder -
shaii give to B.~rrawer, without charge, an anrual ace.~unung c~f the FunJs showi~~g cre~lits a~d dehits to thc funds and the
purpose far which cach debit to the 1=unds was nwdc. Thc Fund~ arc plc~lge~l as additional securit~~ for the sums secured ~
by ihis ~lortgage. ' . . -
If the amount of the Funds held by LcnJcr, togcther with the futurc munthly insl~llments of Funds. pa~ablc prior to
the due dates of taxes, asseuments, insurance premiums anJ gruund rents, shall exceed the amount reyuired to p:~y said taaes.
assessments, insur~nce premiums and ground renic as Ihey faU due, such excess shall be, at &arrower ~ option, tither
promptly repaid to Borrower or crcdited w Bormwer on munihly installments of Fundc. If ~he amoum ot the Funds
heid by Lender shall not b~ suflicient to pay ta~es, assessments, insurance prcraiumc anJ ground rents as they fall due,
Borrower shall ~+:~y to Lender a~y amount neee~sar~• to make up the Je~ic~~ncy KI(Illli ~0 days from the d~te notice is maileci
by Lender to Bormwer rcquestirig puymeni lhercot. ~ _
Upon payment m full oF all sums secured by this hlortg:tge, Lender shall promptly rcfund to Bor~a~er any Fuuds
held by Lender. !f under paragraph Itt hereof thc Property ic ,~,Id or thc Prope~t~ is othenric~ acytuRd by [ ender, i.ender '
shall apply, uo later than immediately priur to the ~ate of thr Praperty vr its acquisition h}~ Lender, any Funds.held by •
l.endcr at ~hc teme ot application. as a creJit against ~he sumz sc::urcd h}• thcs \lortgage.
3. Applicatiun ot Pa~ments. Lnl~.s applicaMe laa prn.i.lrs otherwi~c. ~II payments re:eived by Lc~~der under the
Notc anJ par,?g~aph. i anc~ 2 herc:~f tih:ill b~ aprl~c.tii b}• I.cndcr hrst in pa~mcnt amaunts papahlc t~~ Lcnder.by Dorrower
undc: pataQraph 2 hcrcol, th+:n to intcri.t payahlc ~~n th~ Ivutr. thrn tc~ tt~c prinripal of thc Notr, and thcn rv intcresi and
principa) ort :~nt~ Future Advar?r.es.
4. CharRes; t.kns. B,~rro~+cr ~hail ~>:~y .ill ~~xes, :«ces~mcnts ,~nd ~~thcr ch:u~c~. finet an.l im~x?titi~+nc attrihutahle to
thc Propeny which may attain a priarity c?~er this ~to~tgagc. and Icasehold paymrnts ur gr~~und.rrnts, i! any, in thc manner
prov~dcd undLr paragr.~ph 2 hcrcof or. ~f nut paid in such m:~nncr, b}~ Bc~rrowcr mat~ing pa}•nicnt. whcn due. ~irectly to the
payec cner~of. Burrower shait prompsly~ furnish ta l.en~ier a!! nu~icrs of amounSs due under this prragraph. and in the evem '
}3orrower shall makc pa~ment d:rec~l}~, tivrmwcr ,hall pr~~mptlp iurr~tih to Lendcr rr;~ipts e~idenring si?ch payments. "
BorroHer sha11 p:omptly discharg~ an}• lien ~~hich has priont}• o~~r thiti Mc~rtgage: provul~d, that Bvrrower sha(I not be
required to dischar~e ao~• ~uch li~n so long as Bonuwer s6afi agrer in ~+rit~ng t~~ th~ pa}a~ent of thc ohligation sectered b~~
such lien in a mann°r acce~+tatsle to Lender, or sha!! in ga.ki faith ,:onte~t ~u~h lien h~•, or .lefertd rnforcement of such lien in, ~
lc:gal proc~rdingc hich ~~pcratc W prc~~cnt tfic cni~,rcemcnt of thc Lrn <~r forfeuure of the Propcrty or any part thereof. .
S. Hazard In~urauce. B~•rmwer ~hall i,«p thc ~mpr.~~emenh noH ~~i~ung or hercafter crected on the Prnperty insured
.+gainst lo~, h~• hre, h ~zard, in:lu~l~d w~th~n the term "~~~~nd~~i c~~~rr,igc", anJ such c•~her hazardc a~ i.cndcr msy reyuire
and in such ,~moi:nts :ind fur su~t? periuclc a, l.cnde~ mJr rcyuirc: prv~~drJ, that l.ernlcr shall not reyuirc that thc amuiint af
SuCh c~~•~ra~;c cx:~ed tliai ~m.,~nt u( co~cr,~ue rryuired t~~ th~ .nmti ~r~urrd h~ this 11orlgagc.
The in,?~ran~~ ~:trr+cr nr~~viding Ihc iiuur,~nre shail be ~h~n~n b}~ BarroHrr ~uhjcct to appro~~al tiy [_endcr, provided.
that surh a~pru~•al •.i~all uat hc t~nrea.onahly withhe:d. A(( p~~m~umt un inwrance ~iicies shall t+c paiJ ~n the manner
pmv~drd und~r par.igc~ph 2 herroF or. ~f not pa+c! in n~.h nt3nner, by~ B~rroaer making payment, w•hen due, directly to the
insurance ~arncr.
Ai) insuranrc ~iolicies and ren~•~:?Is therc~~(-stiall ix in forn~ ar~rptablc ta LenJcr and shall i»~ludr a.t:,n~lard mortg.~ge
clatne ~n tavor of and in fc,rm arrep~ah[c tu [.rnder. Lrnde[ ~h;~ti hace ;he right t;? hold thr p.~liries ancl reneualc thert.~f,
and $orruucr.hall prom~*tl}• farn:sh to l.tnJer all ?~ncNa! iiotices anJ all rrcc7pts of paid premium.. ln the e~ent uf loss.
Borrower sh:~l! g~vc pru~np~ not~cr to the insur.~n~e ~arrier and t_ender. Lender m~~ make ~roof of lois if nut made promptly
bp B.~truw•cr. .
lJnless Lender and Borrr~HCr other~~~.c agree m urit;ng, in.urance prckee~~ shall tx: applied to re~toratian or repair of -
tFe Pr~perty ~ta~?age~i_ prrviJeil serch rc.torat?on ur repair is ecunomicalh-. feasible and the se:urity of this Mortgage is
not thereb~ impaircd. !t such re~tur:,~~un or r~pau is nut rconumi:aU~~ fcasible or if the security of th:s Nortgage w•ould
be: impaired, the insurance pr«ec~dti ~ha!1 hr .~ppiicd to th~ ~ums ~ceure.l hj this Mortgage, with the excess, if any, paid
:u Sorr~~w~~r. !f thc Propcrt} is ah:~n~tuncJ h~ B~~rc~wer, or it Kc~rrc•K~cr fails to res~nd to Lendcr within 30 dati•s from the
d:,tc notice i, mai:«; h~• Lrs~de: ~o Borr~~rver tha~ the insuraizcr rarr~cr ~.lier~ to seule a claim for insuranc.e benefits, 1_enJer
i~ :wth.~rize~l to ;ollcct :and app(~ (he insuranc~ pr. cecds at l.cr~d~r'1 ~~ption eithcr to restoration or repair of thc -Property
or t:+ th~ sum~ ac,urc:i h~ th~~ \tortgagc:
t;c~ie~, I~~nder ~s.d t3~~rr.~~scr uthen~isc ~grr~ m wrst~ng. ;ir~: ;~pplic;~tiim ~•f pr~needs to principai sh.~ll nat extend -
.•r ~wstp~~ne thc Jue datc uf tt;e mun~hiy installmcnts re[~rred t~~ in par;,graph. 1 and hercof .~r change the amount of
such in~taUm~nfs. I1 unJer par•rg:aph 18 hereot the Pro~rt~ i: a:uu~red h} !_ender, all right, title and interest ot Borrower
in and to :,m i:i~ur~nce palicies .,n,i in ~nd tc? thc pnkeeJ~ thrr~~f rccufting trom damage ta the Propertp prior.to the sale
or acywsitio.i shalf pass ro Lende, to the extent of the sun~. ~ecureJ h~ thi, ~lnrtgage immediatrly prior to such sale or
acyuisiUon. - -
6. Presenation and ~iaintenancc of Properi}; I.caseholds; Condominiunn; Planned U~it De~•etopmcnts. Borrow•cr
shall keep thc Pruperty in good repair and shall not commit w•aste ~~r permit imp:~irment or deterioration of the Property
and shalt comp{~• ~ith the provisio~is of any lease i( th~s llfortgagc i~ un J leaschold. If this ,lfortgagc is on a uni~ in a
cundomir.ium ur a planned unit .ic.clupment. BorroKer shall prrform all of Bormwer's ~~blrgations under the declaration
or covenants creat~ng or gu~~ermng thc condomir.~um or pianned unit Jeve•ts~pment, ihe b~--la~vs and regulatiuns of the
conJomiu~um ur planned unit deveio, ment, anJ constiwent Jocumems. If a ~ondominium or planned unit decelopment
r~der ~s executed by Botrower and t-eco:ded together uith this Mortgage, the rnvenants and agteements of such rider
shaJl be ~ncorpi.~rated ~nto an~l shall amend anJ supplement thc cmenani. :+nd agreement~ of this Mortgage as i( the rider
were a part hereof. - .
T. Proleclioa of Lender's Srcurity. 1f gortuwer faiiv ~o p:rf~~rm the covenants and ag~eements cont~ined in th~s
Mortgage, .;r if any act~an ~~r prcx:reding is commeneeJ wh~ch m:~terially aHec~s l.eRder's interest in the Property.
includ,ng. but not limited ro. eminent domain, ins~l~~ency, code enioreemen~. or arrangements or proceedings involving a
ta~:krupt or decrden+, then l.ender at Lender's option, upon notice to Borrow~er, ma~• ma~;e such appearances, disburse such
sums and- take stKh ac!ion as ~s necessary ta pro(ect l.ende~ s ~ntrrest, inr~ud~ng, but not limited ~o, dishursement of
reasonab(e attome)~'s t~cs and entry upon the Pmperty to make tepair;. lf Lendcr reqi»red mortgage insurance as a
cundition of n~alceng thc loan ,e.ureJ b~ tnis M~~rtgaqc, Borraw~r shall pay thc premiums rcquircd to maintain such
iisurance in eiiect until such time as the reguirer.ient for su~h inwrance terminates in accordance with Borrow~ers and
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