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UN~FOat~~ CovErv+HTS. Borrower anJ l.cii~cr ruvcnant a~d agr« :IS fOIIPK'S:
1, Paymeat of Pri~clpal and Interrst. tiorruwcr shall promptly pay Hhcn duc thc principal of anJ intcrest on the
indebtedness e~•idencc~l by the Note, prepayment and lat~ chargc. as pru~~i~led in the Note, and the principal ~~f and interost
on any Futurc Advancec ~ccured by this htortgagc.
2. Funds for Taxes and lnsurance. Subject to applicable law or to a written waiver by I_cnder, Borrower shall pay
to L.ender on the da)• monthly installmems of principal and intere.t arr payable under thr Notc, until the Notc is paid in full,
a sum (herein "FunJs") equal to one-tw•clfth of the ycarly taxes and ascessments v?~hich may attain prioriry over ~his
Mortgagc, anJ ground rents an thc Propcrty, if any. plus unc-twcltth of yearly prcmium installmcnts for haiard insurance.
plus une-twelfth of yearly prcmium installments tor mar~gagc insurancc, if a~y, all as reasonably est~matcd initiall~• and from
time to timc by l.endcr on thc basis ot asscssmcnts arnl bills and rea~onablc estimates thcrcof.
"Il~e Funds shall be heW in an institution the deEx~sits ar accuunts of which are insured or guaranteed by a Federal ar
state agency (including Lender if l.en~er is such an institution). I.enJer shall apply the Funds to pa~~ +aid ta~es, assessments,
insurancc prcmiums anJ ground rent~. 1_cndcr ma~~ n~~t char~: lor u~ holding and appl~~ing thc FunJs, analyzing said account,
or verifying and compiling said a~se~~ments and bilb, unlc~s Lcnder p:~?~~ Borrower intercst un thc Funds and applicable law
pern~its Lender to mak~ such a charge. Borrower and l.rnder may agree in writing at the lime of crccution of this
~lortgage that interest un the Fun~is shall he paid to Borru~•er, and unle~s such agreement is made or applicahle law
reyuires such intercst to be paid, 1_rndcr shall nut hc rryuircd to pa~~ Borrowcr an~• interest or carnings on the Funds. Lender
shall gi~'e to B~~rrower, withuut char~e, an annual arcounting of ~he Fun~s show-ing credits and debits to the Funds and the
pUfpO~:' :or which each debit tu the Funds K~as madc. The f~unds arc pledgcd as additiunal security for the sums secured
by this ~lortgage.
I[ the amount ~~F the Funds hcld b~~ 1_cnJer, togcthcr ~vith thc futurc monthly in~tallments ~~f Fund~ pa}'abic prior to
thc due dates of t;~xc~, asscssments, insuranrc pr~miums :md ground rents, shall cxcced thc amount reyuired to pay said taxes,
assessments, msurance premiums and gr~~und rent~ ac thc~~ fall duc, si~ch e~cess shall he, at Borro~~er's opti~~n, either
promptly rcpaid to Borrower or cr..•di~ed to Borrower on monthl~~ installments of Fundc. If the amount of the Funds
held by Lender ~hall not be suRicient to pay taxes. sssessmenis. imurancr prer.iium. and ground rents as they fall due.
Borrower shall pa}• to Lender •rny amount neces~an• ~o make up the dnc~irnc~~ wiihin 30 da~~s frum the date notice is mailed
by Lender to Borrow•er reyucsting paymcnt thcrc~~l.
Upc~n payment in full of all sums sccured by this Rlortgagc. 1-cndrr shall promptly refund to Borroticr an} Funds
held hy l.cn~ier. If under paragraph 1!: henrof the Propert~~ i~ u~W ur thc Propcr~y ia otherwi~c acqu~rcd by I.endcr, I.endcr
shall apply, no latcr than immcdia~cl~• prior to thc ~alc uf thc Pru~xrt)' or its aryuicition hy LcnJcr, an}' f=un~1. held bp
Lendcr at thc timc u( appliration as a rrcdit against thc sum~ sccured b} this Mortgagc.
3. Application of Payments. Unless applicahle IaH• pro~•ides othenviu. all payments r~;c~i~ed by~ I.~nder unJer the
~iot~ :?nd par.igraph. I:~nd 2 h~rc~~f ~hall hi: applicd by Lcndcr ftr~t m pa~mcnt ~~t amounts pay~ablc to l.rn~icr b~' Borruwer
undcr paragr~ph 2 hcreof. then to inlerc~t payaMc on thr tiotc, thcn ir thr principal of thc Nute, and thcn t~~ im~rest and
principal un any Futurc Advancce.
~1. CharRe_r, Liens. B~~rru~~~r ,h:~ll pay' all ta~~,, :~~~~s~n;ents and c~thrr char~~~. fine, an~l ~mp~~titiun~ attnbut:~hle to
the ProExrty ~?•hich ma}• attsin a pr~urity over thit ~lortgagc. and Iea~choW payments ur ground rrnts. if an}. in the manner
provided under par~graph 2 h~rcof or. if nut paid in ~uch niaRner. M Hurro~~'cr making pa~~nienl. when du~. ~iircctl~~ to the
pa~•ee th~rcof. Borruwcr shall pmmptly furm:h to Lender all notices c~f amounts due under th~s paragraph, and in the cvent
Barro~~~er ~hall make pa)'ment directh, Hc.rre~HCr ~hall pr.~mptly furni~h t~~ Lender rereipts r~~idenring such pa}'m~nts.
Borro«er shall pmmpsiy Jischargc any licn ~~hirh h:~s pnor,t} ~~~~r thi~ 1~lortgage: pru~~i.ted. that Borrower ~hall not bc
rcyuired to uischarge an~' .tich lien so long as B~~rru~~cr ~hall agrec in ~riting t<~ the pa~inrnt the c~b6gatiun ~ect~red b~•
,uch lien in a m.inner acc~ptable t~~ I end~r, ur ~hall in s:<~~~d f:~ith conte.t ~u~h li~n hp, or ~Iefen~t rnforcement of ~uch lien in,
Icgal pm.~c~iing. ~~hich ~p~ratc to prc~cnt thc cN+~r:cmrnt of Ihc iicn e~r forf~~turr uf thc ProExrt~~ or any ~art thcreof.
5. Nazard Imur•rncr. B~~rru~+cr shall kecp thr ~~nE-~r~,~cmcnt. rn~« c~i.tin~ un c~rr:~ftcr crr~t~d on thc Pr~,~xrt}~ ~murcd
:ikainst lo~, h~~ fire. ha~.~~d. in.lu~lyd Hitivn thc icrm ~'~~ren~le.l crnrr:~g~' . and ~u~h cuhcr hazardc a~ 1 ~ndrr u~:+~ rcyuire
.+n.1 in su~h am.,?~nts an.l tor sn~h prri~~+ ati Lcndrr ma~ ~cyuirc: ~~n•~idr.i. thst I ruJrr .hall noi rryuir~ thal thr :?mount ot
~ .uch co~•era~r e~re~d that amuunt ~~f co.~raze reywrrd tu p:~) thr ,um, ~~~•ured h~ thi, ~1on~cig~.
"The insuran~e ~:rrier pro~~idiuk the insuranre shall bc: cho,rn b}• B~~rr~~~.rr suhject t~ appro~:+l h} I.en~i~r pro~~~ded.
! thal surh arf~r~+val tihall :?.~t br unrra~unahh ~~ithhrld. All pr~mium. ~~n in~uranc~ p~~lici~s ,hall hr ~ai~l ~n ihc manncr
nri~~•ided ~:nJrr p:~raerapn 2 hcr.~~~t or. if nut paid iii ~~~.h n1an~~C~. M B~~rroHer making pa)~mcnt, wh~n duc. .lir~ctly to the
insurancc carner.
•,All inwranrr ~oliric. an~l ren~~~als therc,~t ~hall `.~c in form :i~~r~t.~blr tu l.~rz~lrr .ind sh.ill includ~ a•tanu:+rd mortgagc
` ~lau~c in fa~~nr ~,f and in f~,rm a~rc~~tahle t~, I cndcr. Lrndrr ,h:iil ha~c thc right tu h~,ld thr p~,lici~, .~nd rrn~~.:il~ thereut.
i .~nd Borr~~~ticr .hall prompth• furni~h to I.en~lcr all fCII~KJI notices an~ all rcceipts e~f paid premium,. ln the ~~ent ot lo~~,
~ Borruwer,,hall g«'e prumpt noti~~ t,, the irour:~n~r ~arnrr end Len~lcr. I.en.irr m.~} make p:~~c,~ <~I loss if n~+t madc prvmptl).
~ h~~ t3urrvw•cr.
Unlcss 1 cnJcr and B~trr~~~~rr othcra it~ a~;re~ in ~ ntink. inti~:ranr~ proccc~l. shaFf_ tk applicd to rc.ti~ralic~n ~u rcpair of
z thc Property~ ~an.agcd. provi.tc~ iurh r~.luratiun .,r repair i~ rc~~numi~alll Icatiiblc and the te~urit} of thu ~t~rt~age
= n~~t thereb~ inip:,~red. !f su~h ~~~trr.~t:rn or :epair ~s n~~t ~:one~mi~:~llc f~:nihle or i( the secunt} of thiti ~1~~rtgace w•~~uld
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; be im aired. the in~urance ru~e~... .h.+ll b~ IirJ to thr s~~m~ ,c~ure~l h~ this `tort i «ith ~he ercess, if an}~, aid
~ tu Bc~rruw~r. I! th~ Propcrl~ iti .ih,c~~1~~n~J h~ HO1ft1Nl'i. f+r it B~~rrnwcr taih t~, re~~,nd to I.rndrr within 30 da}. from thr
~ Jate netice is mailed b~ I.ender t~~ Borrcncer th:~t the inw-,~nce .:~rnrr ~lier, a, settle a claim f~r ~nsurance henefitti, Lendcr
~ authurized .:~~Ilect and ~pph• tt;~ in~uran.c prucee~~ ::t Leii~ier~, ~~ptiun e~ther to reatoration or repair of the Pro~rt)~
; ~~r to thc su?m ~r~ttre~ h~ thi~ ~lorlgagc.
$ U:iie+, t cndrr and H~~rru~c~r othrrKi~r a!,rec in «riting. an} .~~ch :~n{~lica~ion ~,f pr.~~rcd~ to ~~~n~~~:~1 .hafl nul c~tcnd ,
~ ~~r p~slpor.e the dize date u( the munthh• inuallment~ rrferred t~~ i~i ~ara~raph. i:uut herrut or changc the amount ~f
~ su.h imL~:iiucnts. 11 under paragrnph IS hereof thc Pm~x:rt~ n a~ytnr~d h~ I.ender. ali nght, ntlc and interest ol {3orn~w~er
in and tu :im ~~isur,~nrc policies an~! in and ta thr pr~~cceciti thcreut rcaulting tri~m d:~magc to thc Property pnor to th~ s~le
~ or acyui~itio~~ Shall pas~ to Len~ler to the e~tem ot the sum~ 5ccurrd h} thu ~t~~rtg;?gc immediatel~~ prior to ~uch ssle or
~ acyuisition.
6. Presenalion and ~iainfenancc of Propert~: Lcaseh~~ld~; ('undominiwnc; Plaiined l'nit Dc~~elopmrnls. Rorrowcr
sh~li kcep thr Fraperty in g~~d repair and sha{I not commit•Ha:te ~~r ~crn~it impairmrnt or deterioration of the Propert)'
:l(1tI SI17~1 cumpl~~ ~ith thc provitii~ns of any lease if th~ti \t~~rtg:~g~ „i~ ~ Ic.~s~h~,ld. If th~, ~tor~gagc i; on a unit in a •
cunuumin~um or planncd un~t .irvcl.~pm~nt. Borrowcr ,hall prrt~~rni all ~~t Borr~.wcr's uhl~gat~ons undcr the dcclarati~~n
or co~~en.int~ creatin~ ~r guverning Ihe cc~ndominium ur E~lannrd :init devrlnpmrnt. Ih~ by-law~s and regulationt of the
~ cunJomi~:~um or planne.i unit dccclupmcnt, and ~ons!itucnl ~cxumcnt~. 11 con~lc~minium or planncd unit Jc+cli~pmcnt
3 ri.t~r rrecutcd bJ Borsov+er and re:c.rded Ingether ~.~th thiti Mrrtgagr, th~ covenanh and :~greemems of ~uch rider
' sh~ll be ~ncorpuratc.t ~nto and shall amend and supplcmcnt the c~~enants and agreements <~f Ihi~ Mor~gage as ~f thc ri~er
~ .+crc a p.~r~ hcreof.
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~ 7. Profeciion of Lenderti tiecurity'. If B~rrowe~ f.ul, t~ ~xrf~~rm the covenants and agreements a~rtained in thic
~ ~lurtgagr. or if an}~ aci~.~n ~~r prckredmg cummenre~i uhich materiall} afircts I.cne:er's ~nterctit in the Pmperty.
''z including. but :n~t Gm~ted ~o. eminent domain. imol~~enc~, a~de cn1~~r;ement. i~r arrangements ~r prixeedings invoh~ing a
" ban~:rupt or decedcr;t. then I_flllJCi 1l LenJer's c~ption, upun notice 1~~ Bvrmwer. m•r}• m.~ke wch appearances, disburse such
~ wm, anJ take such :+ctiun ac is nere~tiar} to pr~~tr~t Lender's mlrrc~t. i~cle~ding. hut not limited tr. disbursement •of
reasonahle attorney'~ kc+ and ertry up~~n the.Pmpert}' t~~ makr re~~.+~n. If Lender reyuired m~rtgaFe inwrance a~ a ~
~ condmon of m.ikme th~ loan s~coi«i b~ this Vrrtgag~. Fi~~rmw~r shal! pay thr premium~ rcqiiired tc~ maintain such
` insuranee in ctTe~t u~itil wch tim~ :lS ~he reyuirement for ~acii ;nw:anre t~rmin~tc~ !n accurdanee wrth Borrower's 3nJ ~
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