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UNIFORM COYENA~:1S. Burrower and l.rndrr cus•cnant and agree as follows:
1. Payment of Principal aad interest. Hurruwrr ~h:dl pnanptly pay when due the principal of and interest on the
indebtedness evidenced by the Note, prepayment and lair charges provided in the Note. and the principal of and interest
on any Future Advances srxured by this Mortgage.
Z. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
to I~;ndrr on the day monthly installments of principal and interest are payahle under the Nate, until the Note is paid in full,
a sum (herein "Funds"1 equal to e:ne-twelfth of the year)}• taxes and accessmrnts which may attain priority over this .
hlurtgage, an+l ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
plus one-twelfth of yearly premium installments fur mortgage insurance, it any, all as rrasunahly estimated initially and from
time to time by !.ender on the hasis of assessments and hills and reasonable estimates thereof
'ihe Fund. shall he held in an institution the delx+sih or accounts of which are insured or guaranteed by a Federal or
state agency (including Lender if I-ender is such an institution 1. Lender shall apply the Funds to pay said taxes, assessments,
insurance premiums and ground rent.. !.ender may not charge for sa holding and applying the Fund,, anal}zing said account,
or verifying and compiling sail assessments and hills, unless Lender pays Borrower intcrest on the Funds and applicable law •
permits t_cndrr to make such a charge. liurrawrr and Lender may agree in writing at the time of execution of this
Mortgage that intcrest un the Funds ,hall t+r paid to Borrower, and unless such agreement is made or applicahle law
rryuires such interest to he paid, Lender shall not Ix reyuired to p;ty Harrower am• interest ur earnings an the Funds. I-ender
shall give to Borrower, without chargc.:+n annual accounting irf the Funds showing credits and dehits to the Funds and the
purpose fur which rack debit to the Funds was ntadr. Thr Funds arc pledged as additional securit}• far the sums secured
by this Mottgagc.
If the amount of the Funds held by Lender, together ssith the luture monthly installments of Funds payable prior to
the due dates of tares, assessments, insurance premiums and ground rents, shall exceed the amount reyuired to pa}' said taxes,
assessments, insurance premiums and ground rents ac they fall due, such excess Shall be. a1 Borrower's option, Tither
prompth• repaid to Borrower or credited to Borrower on monthly installment: of Funds. If the amount of the Funds
held by Ixnder shalt not be sufficient to pay taxes, assessments, imurarcr prer.tiumc and ground rents as the}• fall due,
Burn+wrr shall pa}• to Lender any anunuit necrssar}• to make up the deficiency within ZO da}s from the date notice is mailed
by lender to Borrower reyucsting payment thereof.
Upon payment in full of all sums secured by this 4lungage. I.cnder shall promptly Ictund to Borrower any Funds
held by 1-ender. If under paragraph IS hereof the Property is sold ur the Property is othcnvise acyuimd by Lcndcr, Lender
shall apply, no L+ter than immediatrl}• prior to the salt of the Property ar its aryuisition by 1-rndcr, any Funds held by
Lender at the hme of application as a credit against the sums secured h}• this Mortgage.
3. Application of Payments. Unhss applicahle law' pmsutes otherwi,c, all payment, rrcrived by Lender under the
Vote and paragraphs 1 and 2 hereof shall br applied b}' I.cnder tint in payntrnt of amounts pa}'able to !.ender by Borrower
under paragraph ? hercol. then to intcrest payable on the :'\ote, then to the principal of the Note, aria thin to intcrest and
pnnc+pa) un an}• Future Advances.
a. ('harKes; Liens. &•rrrwer ,hall pay all t:+~es, assessments and .+ther ch:u•ge,, fines ;u:.l ut+pu,itu+n, :dtrihutahlr to
the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any. in the manner
provided under paragraph ? hereof or. if not paid in such manner. by H++rrowrr making pa}utrnt, +vhen due. directly to the
payer thereof. Borrower shall promptly furnish to I_endrr all notices of amounts due under this paragraph, and in the event
Borrower shall make pa}•ment duerti}. Horrower ,hall promptly furnish to l_endrr receipts evidencing such pa}•mrnts.
Burrower shall promptly discharge any lien which has priont}• over this Mortgage; prov+Jed- that Borrower ,hall nut ter
reyuired to eiiu-harge an} such lien so long ,is Born+wer shall agree in writing to the p:r}ntent of the obhgatiun secured by
such hen in a manner acceptable to I-coder. or sh:?11 in ,cx+d faith contest such lien h}•, or defend enforcement of such lien in,
legal pr.wecdinE, •.+hich operate to prevent the rnfurremcnt of the lien or forfeiture of the Property ur am- part thereof.
5. Hazard Inurrance. Hurrrwrr ,hall keep the +mpruvemcnts na++ evicting or hcrc:dter erected on the 1'rupcrty inuued
.+}±ainst loss by tire. haz;+rds inclt:~kd within the term -'evtaide+l rover.+~e••. and such other hazards as I.cnder may require
:ui+i in su:h :+m.+unt. and for such peiiixls as 1-rndcr may reauirc; provided, that Lender shall not require that !hr anuamt of
such co+erag. ev;erd that amount of coverage reyuired to pa} [he ,um, ,enured b}' this \lartgage.
The msurana• .arrirr providi;~g the insurance shall l+r rho.en b}• Burrower subject to approval h}- Lemur, provided,
that such ahprosaf shall riot be unreaconahly withheld. All premium, on insurance policies ,hall he p:+i+l u+ the manner
pr~+vidcd under para!;r:+ph 2 hereof or, if nut p:+id in such manner, M• Burrower making payment, whin due, drrrctly to the
insurance earner.
All imurarrre poLcies ami ren•_l.als therc•~t ,half F+e in form greet+tahle to Lender and ,hall include a stand.+rd mortgage
clause in fa++~r ++f and in form a:.cpt:+t+(e to Lcndcr. I.rnder ,hall hale the right to hold the policies and renc+rals thercrt.
and Burr.+++er ,hall pm:npth• furm,ti to Lender ail rrnu++a! nuUCr, an.i all receipts of paid premium,. In the event of Ims.
&•rr.avcr ,hat! :;ive pro:apt mriice to the uisur:+nre carrier and Lcndcr. Lender may make praot of loss it not made promptly
M~ H+~rrrnvcr.
Unless Lender and Borrow,-r othcrwase agree in writing. insurance proceeds shall Lx applied to rcstoratiun or repair of
the Prupc;rt} damaged, provided such resturauun ur repair is economically frasihle and the security of this Alurtgage is
not therrb+ impaucd. If uich restor;du~n c.•r rep:ur is not eronun»rdlr frasihlr or if the serum} of this Mortgage would
be impaired. the insurance pn?recds ,h:+11 be applied to the sums secured h} this Mortgage. with the r+ccecs, if any, paid
' to Born+wer. It the Propcrt} is ,ihandoned h} Harrower. or it Borrower faih to respc+nd to I rndcr within 30 days from the
date notice is mailed by Lender to B+~rrawer that the insurance carrier otTers to settle a claim for imurancr benefits, Lcndcr
is authorized to collect wrist apply the nuuranee proceeds at Lender's option either to restoration or repair of the Proper(}'
or to the sum, secured M this Mortgage.
' Unlcs, I ender and Born+wer uthcrwnc .+gree rn writing, an}' xich application of proceeds to pone:pal shall not extend
o; postpone the duo dart of the ntanthly installments reterrrd a+ in paragraphs I and ? herea( or change the amount of
s su.h installments. It under paragraph IR hereof ihr 1'n+prrt} i, acyuued by Lender. all right, title and interest of Borrower
4 in ,+nd to an} imur,utrr policies and in and to the proceed, thercul resulting from damage to the Property prior to the sale
r
or acyuuition shall pass to Lcndcr to the rstc?rt of the wnu secured h} this ~lurtgagc immediately prior to such sale or
acyuisiUon.
6. Preservation and Maintenance of Propertl}: Leaseholds; ('ondominiums; Planned Unil De~-elopmenls. Harrower
s shall keep the Property in good repair and ,hall not commit waste or permit impairment or deterioration of the Property'
and shall comply with the provisions of an}' least if thn Mortgage a an a le:+xhuld. If this Mortgage is on a unit in a
rundominnun or a planned unit de+clupment. Borruwcr shall pertarm all of Horrower's ubiigauons under the declaration
or rovcnants crea!ing or govcrnuig the amdaminium ur planned umt dev•:Mpment, the by-laws and regulatiuiis of the
condominium or planned unit develapntent, and constituent documents. 1f a condominium ur planned unit develapnunt
rifer is executed by Harrower and recorded together w?th this Alartgagr, the covenants and agreements of such rider
shalt tx: inrorpuratcd into and shall amend amt supplement the ro+cnants and agreements of this Mortgage as if the rider
weer a part hereof.
7. Protection of Lenders Security. If Harro+ver faih to perform the covenants and agreements contained in this
Mortgage. or if any action or prcxeeding is cammcncecl which materially affects Lender's interest in the Property,
l including. but nut hntited to, eminent domain, insolvency, code enforcement, ar arrangrnunts c+r proceedings involving a
hanknipr or decedent, then I-ender at Lender's option, upon notice to Borraw•er, may make such appearances, disburse wch
sums :utd take such action as is necessary to pn+tert Lender's interest, including. but not limited tu. disbursement of
reasonahlr aUumey', tees and entry upon the Property M make repairs. It Ixnder rrytiired mortgage insurance as a
condition of makutg th•. loan secured h+ rh+s Mortgage. Barn+wcr shall pa}• the premi~ims rrq+nred to maintain such
g insurance in effect unu! ,uch time as the rcyuirrment fur ,uch m,urance terminates in accordance with Borruw•er's and
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