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UtvIFURM ('ovt~.~~~rrs. HorruHer :ind l.rn~(~r cuvcnant .tnJ :igi« :n fulluws .
1. Pa~mrnt of Princlpal ~nd IMcrrsl. 13~,~r.,w~t ,h:~ll prum{,tl~ pay Hhrn .luc thr princip.~i ul and ~ntcrc,t un thc
indcbtedn~ss c~idrncr.l h~~ thc Nut~, p?cpa)'m~nt :~nd I:itr charg~. pnn•i~tctl in th~ !vi~l~. .ind Ihe pri~~iipa) uf ~nd iMrrrq
un any Futurc AJvan~c~ .ecurcd by thi. [?torlgagc.
2. Funds for Taxes and In+ura~ce. Subject tu appli~aMe law or to a written w~iver by LrnJe~, Horrc~wer ~hall pay
to I_enJcr on thr da}• munthly inctallmrntc uf prinripal and intcr~,t arc payrblc undcr thr tiotc. until thc 'r~,tr paid in (ull.
a sum Ihercin "FunJs"1 cqual tu unr-tHClfth o( thc yra~ly ta~<< aml acccs~ment~ Hhich muy attain nn~~rit~• iivcr ~his
~turtgaga an~l gruunJ rcnts on the Pn~pcrt~•, if :u~y, plu~ onc-tMri#th uf ~~arly prenuum in~tallmcnts for ha~.~-J ~n+urancc.
plus onr-twclfth of ~carl}• prcmium installmcntc fur mc~rtgagc rosur,~ncr, il any, aU as rcau~nabl~• cvimat~d initially an.l trom
timc ~o ti ~~c b~ Lcnd~r ~~n th~ ba~i, i.f a~.cs~mrnh :uiJ hilb anJ rr.uunable ~~limates therrof.
The Fund. shall bc hcid in an in~titution thc .Ic~x~.ih ur arruunt~ ol which are inwreJ or guara~,tcc~l hy a Fcderal or
statc agcnc)• (mrluding l.endcr if t.rn~ler i, such ;~n in,tinui~~n). I.cnJer ~hall :~pply thc FunJc t~~ paj~ ,:~id ta~ec, asscssmcnts,
insurancc pm~niums and ground rr~ih. I rndcr ma~~ nt,t cha~gc tur ~o huldine ~nd applying thc Fund,. anal~•nng ~aiJ accour.l.
or verifying and compiling said a„e„ment~ an~ hills, unle„ L~nder pa~~ Bor~uwcr imere~t un the funJ, ;~nd applicable law
permits 1_enJ~r ta make su~h rh;~rgc. B~?rruwcr and Lrnder ma~ agrce in writing at ~he tim~ ~~I ~~c.ution of this
~tortgagc that inlr~c.t i~n Ihc FunJ> >hall tx paid tu I3orr.~w~r. :~nd unlc.+ ~uch .igr~cmcnt i~ maJc ~~r appli~ahlc L~w
reyuires such interrst to he paiJ, 1 cnder tihall na: lk reyuirr~i tu pa~ 13urroHCr am intrrrs~ •,r ••:,rniug~ on the 1=unds. t.en~rr
shall give tu B~•rrower, w~ithout char;~. an annual :il'C~~UnlN13: ~~f ~he I unJs ~huwing credi~s and d~bits tu thr F=undc and the
purpuse f~~r whirh rach debit tu the Funds wa~ m;,Jr. ih~ F=und~ arc pl~dgrJ a~ add~hunal ~ecurity lor ihe ~ums secured
hy this \fortgagc.
I( the am.,~nt of the FunJs hcld b)~ l.en~ler, togrthcr ~~ith thc futurc munthh• in.t:~llm~ms ~~f FunJ~ ray;~bk pnor to
the dur Jates of taacs, asus~menu, insuran~r prcmium~ ,~n.l gr~nind r~ms, sh:ill cuccd thc amount r~yuire~ tu pa~• said t•rxes,
assxssment., insurance prrmiums and ground rent. as th~r 1:~11 Jue. .urh esce.s ~hall be. at H~•rro~~er's opuon, rithcr
promptl~• rcpaid to Borrower or crcditcd tu B~,rrowcr .m monthl~• imlallmcnts of F~md. If thc amount of thc l~unds
held hy Lcndcr tihall.-rwt bc sufTicient to pay t~xrs, ;?s~cti~mrnts. in+ur.~ncr prer.~ium, an~l ground rents as thr}~ fall due,
Borrowcr shall paj' to Lendcr an~ am~,unt I1CCC~tiIf} lil Il1.lI:C up thr ~trfirirnr~ H~ithin ?0 Ja~s (r~,m thc datc n~,ticc is mailyd
by l.ender to Borrowcr rcyucsting pa~~mcnt th~rc~~t.
Upon payment in full of aH sumc srcurcd hy thi, ~ti~rtgak~. Lcnd~r shall pmmptly~ r~tun~f tu Fi~~rro~vcr an~• f=u?,Js
held by Lender. If under paragr•rph ;S hrreof thr Pruprny ~.,.~lJ ~~r thc Propen~ otherw•i.r ary~ured b~ Lcnder, l ender
shaA apply. no L•~tcr than ~mmrdiatcly ptior to thc tialr rf thr Pn,prrt~~ ~~r itt a.qwcitu~n h~ I.cndcr. a~~ t=un~ic hcl~l b}•
Lend~r at thc hmc .~t applir:?tion :~s a crc~lit again~t th~ ~um, ,~~?~«<i n. ~n~. ~1~~rlgagr.
3. Applicaiiun of Pa~mcnt+. Unlc.s ~p~.li~ahh IaH pr~~.i~~s ~then~i.r. atl p:~~mant, rc.~i~rd b~ I cndcr unJrr th~
\~~tc anJ par.~kraph. 1:~nd 2 h~ra~l .hall tk applirJ h~• I.rnJ~r fine in ~.+~m~nt ~,f am~•unts pa~:~hlr t~, I~n~l~r h~• 13nrr~~wcr
undcr F~.:~;~g(arh ? hcre~,f. thcn tu inte~r~t pa}~ablr thc \otr. thrn h, thr princip~l ul the \at~. an.i th~n t~~ intcrest au~l
pnr„i4~ai uu :~n~• Futurc Advances.
J. CharKrti: (.icns. H~~rr.n~~r ~hali p.?}~ all ta~r~, .~..cti~m.mc and „thrr ~~h.?r~;~.. fin~. :in~! ~m~.~~.ih~~n. attnhulahle tu
the PruM;ni ~.•tii ~h ma}~ attain 3 priurity ~~v~r thi~ \1ort~;a~~. and Iea.rhulJ paymem, ~,r gro;:nd rrnt~. if am. in thc manner
pro~iu«t un~lr~ r.+ragr:~ph 2 hrrcof c~r. ~f nu! paid in ~uch m:~nnrr. bv 13+~rrow•cr mak~ng payment, when.du~, dircc~l~~ to tht
pay~ec thrrrof. Bc.:ruw~er shall promp~l~• funiitih tu Len~er all n~~t~c~s o( amowits due under thi~ paragraph, and in the e~•ent
Norro~~cr ShaR m:tk~ p~~mcnt dirc~th. B;~rtu~~~r .hall pr~~mptl~~ (urnish to I_cndcr rr.ript~ r~iJrn.ir.g such pa}~ments.
(3orrower tiha~l promptl~~ Ji+~har~r am~ I~rn ~.hi~h h:+c pn~~ritc ~~.cr thic Mortgag~: prcn•i.1~J. th.~t Bi,rro~~•~r ,hall n~~t tx
~cytured tu diti~harge .t~~} ~u~h lirn long as B~~no~~cr ~h.~ll :igr~e in ~riUng Io th~ patmcnt i•i the ~bligati~~n sccurrd M•
,uch lien in a m:+nner ac~rpr.~hlr to Lcnder. ~~r •.h~ll in ~;u~~~! ~aith ~onte,t such lien hy. ~r defen~i enf~ree~~ent of +i~ch lien in.
legai prc~_r~dnze. ~iiich o~r.itr t~~ prc~~nt thc cnt~,r.cmrnt of thc i~en ~~r forfeiturr of Ihe ProFxrt~ ~~r an~ p~rt thereuf.
5. Haiard Intiur.incc. tic~rr~~~~e: ~h:dl I.~cp thr im;~r,~.rmrieh n~~•.~ c~itit~ng rr hrrr:~lt~r rrrrtcd ~m ihc Pn,Exrty mtiured
:~kamst lu~, hc tir:. h.~t;~r~l• in.lu~l~d aithin thr trrm "r~tcndc.i cu~rr.~zr~~. an.l .ii~h utiur h:~[ard. a~ 1~ndrr ma~ rryuire
.~nJ in s+~rh am~~iints:~n~l frr ~u:h periu~~ :~c I cndrr m.t) rcyuire: rrr.~idc~i. that I~nJrr ~h:~ll nnt rey~urr thai th~ am~~unt at
,u.;h i,.~rr,~.< <~~ccd ih:ii ~nw~jnt uf .•~nrr,?g~ rcyu!r~d t~~ p.~~ Ihr .um, .rcur~.i h~ tlu. ~lort_:~_c
'Thc rosur.~+icc C3~f1~( prnvidin~; thc in~tiranrc chall th: ~h~~~,rn hy Barrv«rr .uh~cct tu ap~r~nal h~ Lcn~i~r: pro~~dcd.
that ~ucn ap~:r~~~~l .h.ill n~~t b~ unrra,~mahl~ withhrid. :~I~ premi~im. ~,n insuranre prli~ics ~hal! hr p:~i~l ~n thL m~nncr
;~r~~v~ded unii_•r para^raph 2 hereof or. ~t nc~t p.+id in cu~h manncr, h~ Borroti•er making pay'm~nt. Hhen du~. Jirrctl)' to the
~n,urance carn~r. ~
All insurancr p~~licicti :~nJ rcc~rwai, thcrcnt shall :,t in furm .~rcrpt~ble to LcnJrr :~n~ ~h_ill in~lud~ ,t:in:l,~ni m~,rt~.~gc
.la~n~ in fa~„r ~,f and in f„rm :~,:cp~:~hlc t~, Lcndcr. L~iidcr ,h:ul ha~~ thr ri¢ht huld th~ p~~h:ir, .ui~i rrnr~~:,i. thrr«,t.
j ~nd Borr~»~ir ~hat! pnv.~pth. f;~rni~h tu I cn.icr all r~n~H:+l nohccs and all recci~,ts i~( paici prcmium.. In the r~~nt ~~t la.,.
' Bi~rn,w•rr ~h:~ll g~~c pr~~ntpt noU~~ tu the i:i~ur:~~i~~ ~arnrr ~nd Lendcr. LenJcr nta} n~a1.c pr~..•t c~t Ir~s it ~i.~t m;ide pr~an~tl~~
E h~~ lfOffU`~'C(.
Unless 1 ender and Borm~~~r Mhcrui,r agrec in Nriting, intiwancc pr~Keed~ shall tk applied to re;turati~m .>r rep:~ir of
~ the Yropertt ~f:~ma,~r~. ~ru~•~~cJ such rc~turah~~n or rera~r u econ.~mi:allv fca~iblc :+nd the securit} of th~ti \ti,rt~agr ~ti
~ r.nt thercbt impaucd. It su~h r~,tar.~t~:~n or rcpa~r i, n~~t rc~~n.~mi~all~ f~a~ihlr or i( thc scruntt of th~, ~t~~rtga~c wuuW
~ he ~mpa~r~J. th~ insiirancc pt.kec~+t .hal! be :~ppti«I t~~ thr sums +crurc~i h~~ ihi~ \foclgagr. ~~ith thr crcc~s, if any~. paid
a Bormwcr. 11 thc Pr~~pert~ i, ah.;n.i~~ncd h; B~~rr+~w~r, nr it Borrrwcr fail~ t~ reti~nJ to Lendcr within 31? day~ fmm thr
!5 ~a~e notice i. n~aiteJ b~• Lender ur Bc~rr~~.~er th:s~ ~hr ~n~ur.~nce carner e~tien srttlc a claim for ~nsurancc henefits, Lender
F .iil:~:l`LS?C4 :t` ,:,:11,°,~: ;1.^,a~ :1~`,~?}~ shc i~sura:::z ~:f~l.;.Ci~S :i( =-Ci~i;l': i il~lil~fl CiL}1Ct Ii) 7i:it(3f:iQluii OT (~.~a~r of thc ~Tii~k:TtS.
~ ~~r to the sum„r.urcJ h} this ~torteagc.
~ t:nies~ 1~rJrr :~nd B.~n~~wrr othei•.~i.e agrce in «riung. an~ .;s~h .~~+pli~ation i~( rrncieds to pnncipal .hall n~~t e~tend
:
' ~~r pustp~,ne :hc due da~e tiic nr,n~hh imlallmcnt~ rctrrr~d t~~ r.~ p~ragraph. I ~n~l ner~~~f or ~hangc the ameunt of
~ su.h in,tallni~ni~. it un~fer para~r~ph IR hereu( thc Pr~Fx:rt~ i, ~~y~:~rrd h~ Len.irr, all nbht, t~de an.l ~ntcrest of F3ormHCr
~ in and t~~ am ni~ur.~nre pol~cies anJ in :in.l to thr pr~kccd, thcrtut re,ulting tmm ~iamagc tu tiic Propert}~ pri~r to the sale
ur acyui~tUU~> >hall pa~i Lender to th~ e~lent ~~f the ~ urm ~ecurr.l h~ th~~ ~tc~rtgagr immcJiatel~• prior to ~uch sale or
r acyuisition.
~ 6. Presenation and ~taintcnance of Propert~: Lcauholds; ('ondon~iniumti; Planned l'nit Dcaetopmenls. Borroucr
3 shall keep thr Prupert~- in gcwd repait and shall not commit uaste .~r ~xrmit impairmznt or deterioration ~~f the Property
~ ~nd shalt compl~ with the provistuns uf any Iease if thiti Murlgage un a liasct~uld. I! thi, ~turtgage is on a unit in a
cond~~minium ur a planncd un~t .I~~~I.~pmcnt. BorroNCr .hatl ~xri~~rm :~II ul Borr.~~rr's ~~bligaUOns undcr thc declaraticm
- or covcnantti rrrating or guverning thr cond~~rnin~um or planned un~t decrl~~pmcnt. thc bt-laus and regulation~ ~f the
; cai~~~minium ~~r p~anne:i unit ~evctc~pm~nt. .+n~l c~~mtituent dckumemti. It ~ con~3uminium or pl~nned umt de.~rl~~prnent
- ri~ler i, c~rcuted hy Borrower and re~~~rdeJ ~~~~ether with ~his ~t~~rigage, the co~•enants anJ agreemcnts of such nder
~hall b~ ~n.orporatcJ ~nto and shell :,mcnd an~l suppl~mcnt the co~cnant~ and a~recmcnts uf thi~ Mort~tagc as if thc riJ~r
~
NL(C 7 ~)art hcrcof.
' 7. Prolection of Lenders Security: If ~3i.rmwcr t.,i1. t~~ pe~t~~rm lhe roven~nt~ anJ azrecments ccmtained in this
Morlgage. ~ir if any ach,~n ur pr~ce~:;ng i. rommrnccJ Kh,:h matcriall~~ aficct. Lendcr'. interest in thc Propert~~. ~
~ including. but i~~~t hmitcd t~~. emincnt domain. inti~.hcnc}. cr~cie cnf~~rrcmcnt. c~r arrangcmcntc c,r pr~~cccdin~s involving a
ban~n?p~ or dc~cdrnt. thcn L~nder at LcnJcr'~ option, uEx~n rn~tice Ic. Borrower, ma} make such appcaran~es, J~~hur~e such
sum~ ,~nd take such a~ tiun as is necc~.an• t~ pru~e~t I.ender'. ~ntrre~t, i~~lii.l~n~,. but not limrt~d t~,, di:bursement c~(
reas~~nahle attorne}'~ fces arzd cmry uEx~n the Propc~t~• t~~ m.~l,c re~+~i?ti. If I.cndrr rcyuir~.l m~~rtgacr imi:rance as a
~ c.un.ii~wn uf making th~ loan xcureJ h} this ~tur~~:itic. D~~rr~~~~rr shall pa)' the premiurns rrywre~i t~~ mainta~n wch
~ ~nsurance in rtTect until ~uch time •rs ~he reyuireme~~ for such insurance term~n:ttes ~n .~ccordai~~e w~th BorrvHCr's anJ
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