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UNIFORM CO\'FNANTS. BorrOWer aOd LCndl`f l'OYenanl and agree as follows:
1. Payment of Priacipal sad Interest. Borrower shall promptly pay when due the principal of and interest on the
indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
on any Future Advances secured by this Mortgage.
2. Funds [or Taxes and lasuraace. Subject to applicable law or to a written waiver by lender. Harrower shall pay
to Lender on the day monthly installments of principal and interest arc payahle under the Note, until the Note is paid in full,
a sum (herein "Funds"? equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
Mortgage, and ground rents on the Property. if any. plus one twelfth of pearly premium installments for hazard insurance,
plus one-twelfth of yearly premium installments for mortgage insurance, it any, all as reasonably estimated initially and from
time to time by Lender on the basis of assessments and hills and reasonable estimates thereof.
"ilte Funds shall be held in an institution the deposits or aca?unts of which are insured or guaranteed by a Federal or
state agency, (including Lender if I-ender is such an institution!. 1_ender shall apply the Funds to pay said taxes, assessments,
insurance premiums and ground rents. !_ender relay, not charge lur so holding and app!>•ing the Funds, analyzing said account,
or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this +
Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
requires such interest to be paid, Lender shall not he require) to pay Borrower any interest ur earnings on the Funds. Lender ~
shall give to Borrower, without charge, an annual accounting o[ the Funds showing credits and debits to the Funds and the
purpose [or which each debit to the Funds w•as made. The Funds are pledged as additional security for the sums secured ~
by this Mortgage.
If the amount of the Funds held by Lender, together with the future monthly installments of F(rnds payable prior to
the due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
held by Lender shall not be sufficient to pay taxes, assessments, insurance prer.titrms and ground rents as they fall due,
Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 da}•s from the date notice is mailed
by Leader to Borrower requesting payment thercot.
Upon payment in full of all sums s(•(:ured hp this Mortgage. !.ender shall promptly refund to Burrower any Funds
held by Lender. If under paragraph 1R hereof the Property rs ~~?Id or the Property is otherwise acquired by Lender, Lender
shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds heW by
Lender at the time of application as a credit against the sums secured by this Mortgage.
3. Application of Payments. Unless applicable law, provides oiher+vix, all payments received by Lender under the
Vote and paragraphs 1 and 2 hereof shalt be applied by Lender first in payment of amounts payahle to Lender by Borrower
under paragraph 2 hereof, then to interest payahle on the Note. then t.? the principal of the Note. and then to interest and
principal on an)• FUture Advances.
4. Charges; Liens. Borrower .hall pay all taxes, asussments and other charge.. fines and imp~nitions attrihutahle to
the Property, which may attain a priority over this Mortgage, and leasehold payments ur grot?nd rents, if an}•. in the manner
provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment. when due. directly to the
payee thereof. Borrower shall promptly furnish to Lender all notices of amounts (luc tinder this paragraph, and in the event
Borrower shall make payment drrectl), Borrower shall promptly furnish to Lender receipts evidencing such payments.
Borrower shall promptly discharge an}• lien which has priority over this 114ortgagc: provided, that Borrower shall not be
required to discharge any such lien so long as Burrower shall agree in writing to the payment of the obligation secured by
such lien in a manner acceptable to 1_coder, or shall in good faith confect such lien by, or defend enforcement of such lien in,
legal pnxeedirigs which operate to prevent the enforcement of the lion or forfeiture of the Property or am• part thereof.
S. Hazard Imurance. Borrower shall keep the rmpmvement. now existing or hereafter erected on the Property insured
against loss h} fire. n;r~:.rds included w•ithrn the term "evended coverage". anJ such other hazards as lender may reyurre
and in such amuurits and for Such peri.xis as Lcndcr ma}' require: pr.?vided, that Lcndcr shall not require that the amount of
such cu+•erage exceed that amount of coverage required to pap the sums secured h)•'thic 1lortgagc.
77te insurance carrier providing the insurance shall be chosen by Borrower subject to approval h}• I-ender; provided,
that such apps?val .real! not be ur.reasonahl}' withheld. All premiums on insurance policies shall he paid in the manner
provided uuder paragraph 2 hereof ur, ri not paid in such manner. by Borrower making payment, when due, directly to the
rnsurance carrrer.
i All insurance policies and renewals there.?f shall t?e in form acceptable to Lcndcr and shall include a standard mortgage
clause in favti,r c?f and in form acceprrhle to Lcndcr. tender shall have the right to hold the policies and renewals thercot.
and Borrower sha!I prompt!) furnish to Lender all renews! notices and all receipts of paid premium,. In the event of loss,
Borrower shall give pre+mpt notice to the insur,uice :orrice and Lcndcr. Lender ma} make proof of loss it not mad(: prumptl}•
M Burrower.
E Unless Lender and Borrower otherwise agree in writing, insurance pr(x:eeds shall be applied to restoration or repair of
~ the Propert} damaged, pmwdcd such restoration ur repair is economically feasible and the security of this Mortgage is
nut thercb} impaired. if such restoration or repair is not economically fcasiMe or if the security of this Aortgage would
be impaired. the insurance procecu~. shall he applied m the sums secured by this Mortgage. with the excess, if any, paid
~ a? Barrowcr. If the Propert}' is abandoned h} Borrower. or if Borrower fails to respond to Lcndcr within 30 daps from the
€ date notice rs mailed by Lender to Borrower that the insurance carrier otTers to settle a claim for insurance benefits, Lender
is authorized to collect and apply the imurance pn?ceeds at I.ender'~ option either to restoration or repair of the Property
or to the sums secured by thrs ~fortgagc. .
i Unless Lender and Borrower othen.i~c agree rn wntmg. an} such application of proceeds to pnnerpa) shall not extend
or postpone the due date of the monthy installments referred to in paragraph, I and 2 hereof or change the amount of
! such installments. If under paragraph 18 hereof the Properh• is acquired M Lender, al! right, title and interest of Borrower
4 in :end to am insurance policies and in and to the proceeds thercot resulting from damage to the Property prior to the sale.
or acyuisitio:r shall pass to Lender to the extent of the sums secured by this Mortgage immediate!}• prior to such sale or
acquisition.
6. Preservation and Maintenance of Propert}: 1_easeholds; ('ondominiums; Planned Unit Developments. Borrower
shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
:,red shall comply' with the provisions of any lease if this Mortgage rs tin a leasehold. 1( this Mortgage is on a unit in a
condominium or a planned unit development, Borrower. shall perform alt of Borrower's obligations under the declaration
or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the
condomrnium or planned unit development, and constituent documents. If a condominium or planned unit development
rider is executed b)• Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
7. Protection of Lenders Security. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, ur if any action or pnxeedmg n commenced which materially affects Lender's interest in the Property,
including. but n.?t Lmrted to. eminent domain. insohency, code enforcement, or arrangements or prcxeedings involving a
bankrupt or decedent. then Lcndcr at Lender's option, upon notice to Borrower, map make wch appearances, disburse su(:h
sums and take such action as is necessary to protect Lender's interest, including. but nut limited to, disbursement of
reasonable attome)'s fees and entry uprm the Property to make repair I( Lender required mortgage insurance as a
condrtron of making the loan secured h~~ this Mortgage. Borrower shall pay the premiums required to maintain such
{ insurance in efTect until such time as the reynirement for such rnsurance terminates rn accordance with Borrower's and
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