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UNIFORM CUYENANTS. BOffOWtf BfIII I.C(liJl'f l'~~YCO.1111 a+~d a}~rr~ a~ foll~~w~:
1. P~ymeal ot Princip~l aod IMeresl. 14~~rmNrr .h;~ll ~~.anpil~ p~~~ when d~K ~hc prirx:ipa{ ~,f and interest un th~
~ackbtedness evidc~ccd by the Notc, p~epaymcot a~d latc ch.ugr, ~n?vided ~n thc No~e, :+nd ~he priocipal vf and m~errti
on any Future Advancec secured by thic Mortgagc.
2. Fuads to~ Tuea and losuraaca Subjcct to appli:.~t~lc 1:~w ~~r i~. a wriucn waiver by Lcnder, BOTfOWCf SFI:II) ~1J~•
to l.enJer on thc day manthly inctallments ~~f pnncip.~l anJ int~•r~•.i .~rr p.~yahlr unJcr tt?e Notc, until the Notc i~ paiJ in full, j
a sum Ihercin "Funds") equal to one-tH~lf~h o( tFx ~r:~rl~ :a~L. an~l a..cs.mcnt. which may at~ain pn~~rity over ~h~.
Mortgagc, anJ ground rents on the Praperly, if any, plu< <~nc-1wcNih ~~t ycarly prcmium installments for hazard imur~nce,
plus or~e-tweltth of yearly prcmium inctallmrnts for m~~rtga~;c u~~~~rancc. ~f any, all a~ rcasonably etlimated initially and from
time la lime by I.en~ler on the bacic t?f a,.e..n~cnts :uul f•i~l. an.1 rr.~.unable e~limates IherEOf. :
The Funds shall he held in an in~~~~uii~~n ~hr dc~x»u. ur ,~rc~~unh ul whirh arc insurcd or guar.~ntccd hy a FrJcral or a
state agency (including !_ender if I.cnder n~uch .~n in~~i~utiun I.ender .hall apply ~he Funds to {?:~y +aid ta~es, ac,~sti~nrnl+,
insurance premiams aod ground ren~s 1 ender ma~ n~+~ cha~gr I~~r hnlding and applying Ihe Fund~. an:~lyiing ~aid arc.~unt.
or verifying anJ compiling said aisc~.mciits and h~ll,, unlc., Lcndcr pay~ Hor~owcr intcrest on thc Fandti and applicahlc L•~w
permits l.ender to make such a charge. {i~~rruv?•er :~nJ Ixndcr may agrce in wnting at the teme ~?1 c~c~ut~an ut this ;
Mortgage that intere~t on ~he Fund~ shall he paid ~u Burmwer, and unless ~uch agreemenl n m:~J~ ur appl~cahle law
rcyuires such interest to be paid. I.ender ~h:dl m~t hc reyuired u? pa}• liurrowe~ any interest c?r earning~ on thr f~und~. I.cndcr
shall give to Bormwer, without ch•rrge, :~n .~nnual accuunhng c~f the I~und~ shc~wing creJ~ts anJ dcbilti to the Funds :mJ the
purpose for which each debit to the FunJti w;~. made. The Funds arc pledgeJ a~ addi~iunal ~rcurity f~~r the wn~ti +~YU~ed
by this Mortgage. ~ '
If the amount af the Funds held by I.enJer, tugeihcr with thc fu~urc mon~hly imt:~llmcn~c ut Fimd~ pay:~blc prinr to
the due dates of laxec, as~cssments, insursncc prcmiums and ground tcnt~. shalt c~ccrd thc amounl requircJ t~? pa) tiaid 1axc~.
assessments, insurance premiumt and ground re~ts as they (all due, such exrcc~ tihal) be, at Borruwer'c oplu~n. cither ;
prompNy rcpaid to Borrower or crecl~ted tu B~rmwer on monthly in,tallmcnts of Funds. I( thc amoum of thc F•unds i
held by Lender tihall not be xufficient to pay ~axcs, assessmcnts, imurancc premiums and graunJ rentc as thcy (all duc,
Borrower shall pay ta 1_ende~ any amount nec~san• to make up the deficicncy within ;0 da}~s trom the date ~~oticr i~ m.~iled
by 1_ender to Borrower reyuesling ~ymcnt Ih~rcof. ~
Upon paymcnt in full o[ all sums sccured by this Mortgagc, Lcndcr shaU prompdy re(und to Borruv?cr any I~unds
held by Lcnder. If under paragraph 18 hercof thc Propcrty u~ld or thc Propcrt~~ rs otherwisc acywrcd by Lcndcr, Lcndcr
shall apply, no later than immediatclp prior to thc tale ot the Pru~xxrty or its acquisrtion by Lender, any i'unds held by
I.endcr at thc t~mc of appliration as a crcJit against thc sum~ ucurcd hy thn Mortgagc.
3. Applicntion oi Paymcnts. llnlc~ti appl?cahlc law pro.•idcs olhcrwisc. all paymcnts rcccivcd by I.cndcr undcr ~hc
Notc and p~ragraphc 1 and 2 hcreof sh:dl tx applicJ by. Lcndcr firtl in pa~mcnt o( amo~ints pa}:~hlc to Lcndcr by Bormwcr
undcr paragraph 2 hereof, then to interetit payablc on the Nutc. ~hen to thc principal of thc Note, and then tc? interest anJ
pnncipal on any Futurc Advanccs.
4. Chary~es; Lkns. Bnrrower ~hall pay all taxet, aticet~ments and oth~r chargeti, fines anJ imMniticm~ attribulable tci
the Property which may altain a prioriry over thit Morigagc, and Icaschold payments or ground rents, if any, in the manner
provicled under paragraph 2 hcreof or. ~f nc~t pa~d in cuch manner, by Bc?rrower making payment, when due, direcUy to the
payee thereoi. Borrower shal! promp~ly furn~sh to I.ender all noticcs of amuunts due under this paragraph, and in the event
fiorrower shall make payment directly. $~~rrower chall promptly furn~~h to l~nder receipts evidencing such payments.
Borrower shall prompUy disc:harge any lie~ which has prior~ty ~?vcr this Mor~gage; proviJed, that Borrower shall not be
required to dicc:harge any ~urh licn so lang as Rorrowcr shall agrcc in writing to thc payment of thc obligation sccured by
such lien in a manner acceptable to Lender, or ~hall in g~xxl (ailh-conte~~ such lien hy, or.defend enforcement of such lien in,
legal proceedings wh~ch apcratc to prevent ~hc enf~?rcemcnt of thc lien ur torfciturc of the Propcrty or any part thereof.
S. Hazard Insumnre. Borrower shall kcep Ihe impruvement~ nuv? exi~Ung i?n c~rcafter crcctcd on the Propcrty insured
against loss hy fire, ha-tardS included wi~h~n the term "cxtended c~werage". and such other hazards as Lender may reyaire _
and in such amounts and (or wch pcrioclc a~ I.cndcr may rcyuire; pr~~vided, that Lcndcr shall nc~t rcyuire ~hat ~hc amount o( .
such coverage e~ceed that amount ~~f cciverage required to pay ~he wmti secured by ~his Mortgage.
The insurance carrier providing ~he insurance shall be chc?sen by Borrower subject ta approval by Lendcr; provided.
that such apprrnal ~hall not be unreationably withhcld. Ali premiums on insurance policies ~hall be paid in the manner
prov~ded under paragraph 2 herco( or, if nvt paid in such manner, by Burrower making payment, when due, ciirectly to thc
insur~nce carrier.
All insurancc ~licie~ and rencw•rls thcrc<~f shall Fx in form acccp~ablc to Lcndcr and shall includc a stanJard mortgagc
clause in faviir i~f and ~n form acceptable to l.endcr. Lcndcr shall havc the right to hold thc polirics and rencw•al~ thcreuf.
and Borrower tihall promptly [urnish to Lender all renewal notices and all receipts of paid prcmiumt. In the event of fo.t.
Borr~~wersh:dl give prompt notice Io the imur:~nce carrier :+nd I.ender. Lender may make proc~f of loss if not made prom, tl)' ,
by Borrowcr.
Unless Lender and Borrow~cr othcrwitic agrcc in w~iUng, inturance proe:eedc shall tx: applied to rcstoration or repair ~?f
the Property damaged, provi~led such re~turahun or repair is ecunomically feasible and the security of this Mnrtg:+gr i~
nut thereb}' impa~reJ. I( wch re~U~r.iui~n or repa~r is n~~t econ~imically (ea~ihle ~r if the secunty of this Mortgabe wr~~1d
I' bc ~m aired, the insurance r~x:ccdc ~hall be applieJ to thc wms tiecured by thic Mortg.+gc. v?•ith thc exceu, if any~, pa~d
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to Born~wrr. If thc Pruperty iti .~han~~mc.l h~ Borrowcr, or il Borrc?wcr taih t~i res~md tci LcnJcr within 30 days frun? tr~c
; Jate not~ce ~ti mailed by Lender t~ Bormwer that the insurance c:~rner ofTerti to ~eule a claim for insuraoce beizefib, Lec.~f~r
~ ~s authurized ti~ collect and apply the mtiurance proceeds at Lender'~ upti~~n either to rptoration or repair ot the Pr,~Ex~n~:
; ur to !hc sum~ ticcural hy this ~torigag4.
j Unleti~ LenJer and Burruwer otherwi~c :~grec in wnting. any wch applir.~uc?n ~,t pr~kceJs lo principal ~h~ll nut c..irnd
i or postponc thc duc Jatc of thc m~mthly~ intitallmcntt rcfcrrcd t~~ ii~ paragraph. 1 and 2 hcrcof or changc thc amuuin ~~I
; such imtallmcnts. If undcr parasraph 18 hcreot thc Property ~s acyuircd h} la;nJcr, eli nghl, t~llc and intcrest ot 13orn~wer
i in and to any insura~ice policies anJ in and to the pnxeedti thereut rctiulung trom damage to the Property prior to ~hr ;eic
~ or acyuisition sh~ll pas5 to Lcndcr to thc catcnt ~~t thc +um~ sccurcd h} this `lortgagc immediatcly prior t~~ such ti:+!c ~r
~ acqwsition. ~
E 6. Presenation and ~1~inlenance of _Property; I,eacehulds; ('ondominiums; Planned Unit Ih~~elopments. Knrro+~rr
; shall keep the Pr~perty in gaod repair and shall not comroi~ wastc ~~r permit ~mpairment or deterioratiun of the Property
; and shaU cc~mpl}• with thc provisions o( any leasc thit Mortg.~gc i~ ~~n a Icasch~~ld. !f Ihic Mottgagc is on a unit in ~
! condominium ur a planned unit devcl~pment, Borrow~er tih.dl ~xrt~rrm all of Borrower's ~tbhgat~ons under the declarati~~n
or covenant5 crcaUng ~~r g~?vermng the condom~mum or planned unit clevel~~pment. the by-laws and regulatiom of thr
condominium or planned unit development, and constituent ~l~kument~ If a condominium or planned umt devclopment
nder is executed by t3urrower and recorded i~rge~her wi~h ~hiti 1~1~~rtgage. thr rnvenantt anJ agreements of tiuch n~i: r .
~ shall be incorporatcd into and ~hall amcnd and wpplcmcnt Ihc covcnanlti anJ •rgrecmcnts of thiti Mortgagc as if Ihc rnlcr
; were a part hereof.
~ 7. Prolection of I.ender's Securit~. I( B<~rrower fails t~? ~xr(~~rm the covenants and agreements contained in thiti
~ Mor~gage, or if any aclion ~~r pr~xeed~ng ic cummenceJ H~h~ch ma~erially afTectt Lender's interest in thc Pr~~~xrtr.
~ including, but n~?t lim~~ed ~a emment domain, inadvcncy, cixlc cn(~~rccmcnt, or arrangcmcntt or pnxeedings imoh•ing a
bankrupt or decedent. then I.ender at I.ender'ti option, u~>n nrnice ~i~ Borrowcr, may make such ap~xarances, d~sburse such
~ sums and take such action a~ is nece~cary t~? pmtect Lender's interest, includin~. but not limhed to, dicbursi:ment ~?f
~ rc~sonable auomey'a fces and en~ry u~x~n thc Propcrty to makc repair~. I( I.cnder reytiircd mortgagc incurance at a
. condiUon o( making thc loan sccurcd by Ihis Mortgagc, Hc~rnw?rr shall pay Ihc prcmiums rcyuired to maintam such
~ .insurance in effect ontil tuch Ume as ~he requiremenl tor wch msu~ance Irrminale~ in ac:ordarxe w~~h Borr~~wer'~ anJ
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