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UNIFORM COYf:Iv~NI'S. BO«ON'CI' :?nd Len~cr c~~v~n:~Ill aitJ a~;fC~ aS fO~~OWS:
1. Pa~•ment of Pdnripal aad lntenst. Bi~rruwer sh~ll prumptly p:~y ~hen Ju~ the pri~cipal uf ~nd intcrest on Ihe
indebredncss evidenc«i by thc Notc, prcpaymcnt and late ch:ugr. pr.~vi~led in the I~ot~, and thc prinripal ~~f and imerest
on any Fuwre Advancc~ sccured by this Morigagc.
2. Funds for Tues and lnsurance. Subjcct ta applicablc law~ or to a written ~~aiver by l.~nder, Horrowcr thall pay
to l~nder on the day monthl}~ inctalimenls of princip~i and ~ntercct are p~}•ahie under the Ni~te, untii the !~ote i~ paid in full,
a sum (herrin "FunJs") equal to one-twe:fth of ~hc ycarly ta~~~ ancl a«cc~mcnts Hhich may attain priority o~•er this
Mortgage, and ground rents on the Pmpert~~, if any, plus o~c-t~•~Il~h ot y~arly prrmium installmcnts tor ha~ard insurance.
plus one-twclfth of ~•early prcmium inttallmrnts fo~ mortgage insurancr, if any, all as rcasonably cstimated initiall~~ and from
time to time hy Lendcr on thc basis ~if asiessmcnts anJ hilk and rcxsunable cuimates thercof.
The Funds shall be held in an in~titution the de~x~~its c~r arcuunts of which are insured or guaranteeel b~• ~ Federal or
state agrncy ( including l.ender if Lender is such an in~titution 1. Lender ~hall appl~~ the Funds to pa}• said ta~es, assessments,
insurarecc premiums and gmund mnts. Lcndcr ma~~ not chargc t<~r ,u holding and appl~~ing thc Funds. analy~ing :aid account,
or verifying anJ rnmpiling saiJ asx»n~ents and bill~, unles~ I.cndcr pa~~~ Borrawcr intcre~t on thc Funds anJ c?pplicaMc law
permits I_ender to makc such a chargc. Borrower and I.cnder ma~• agrec in writing at ~he time ut execution of this
`tortgage that interest un the Fun~s chall he paid to Borrrw•cr, and unless surh agrecmcnt is madc or applicahle law
reyuires such interrst to tx, p:iid, Lender shall not be reyuire~l t~? pay Rurrowcr an~• interest or earningti ~~n the Funds. Lender
+hall give to Borrower, without charge. :+n :?nnual arcounting of the Funds shuwing credits and debits to the Funds and the
purpose for which cach debit to thc Fund~ wa~ made. "fhe FunJ~ ar~ pledged as addiliunal security for the wms secured
hy this ~tortgage.
If the amount of the Funds held by 1_ender, t~~g~thcr ~~i~h thc tuture munthlJ~ imtallm~nts of Fun~t, pa~~:~bk prior to
the due dates of ta~es, assessments, insurance premiums anJ Lrot~nd rents, shall exrecd thc amount r~yuircd to pay said ta~es,
assessments, insurance premiums and graund renh as the~• (all due. .uch e~ce+s .hall be, st R~~rroH•er's option, either
promptlp repaid to BorroH•er or cr~dited t~~ Bormwer un monthl)~ intitallmcnts of Funds. lf thc amount of th~ Funds
held by Lcndcr shall not bc suflicient to pay taxcs, asscccmcntc. imur.~n~c prer.tiumc and ground rents as thcy fall due,
Borrower shall pa}' to Lender an~• amuunt neces~arc to make up the drfiri_n.~• w•ithin 30 da~, irom the date natice is rn;~iled
bp Lcndcr to Borrowcr reyucsting paymcnt thcreuf. •
Upon payment m full of all sums secur~d b~• th~, !~tur~g:ige. Lrnd~r sh•sll pruntptly' refund to B.~~ra~~cr an~' F~nds
held by LenJer. If under p:~ragraph 11 herrof thc Propcrty i~ ~old ~~r ~hr Propcrt~• i+ other~si~r acqwrcd b)' I.enJer, Lcnder
shall apply, no later than immediatcl~• prior to thc ~nle of thc 1'ru{xrty or its acyuisition hy Lcndcr. any Fund~ hcld by
I.endrr :?t thc timc of appli~ation as a cr~dit againtit thc sum. ticcurc~l b~~ this Atortgage.
3. Application of Payments. Unlc.s applicablc IaH pm~iilcs oth~n~isr. al) paymcnts rercivcd b~~ Lcndcr unJcr thc
Notc .uid paragrapt?~ 1 c~nd 2 hcrcuf tihall txr applird H}• I_cndrr fir~t in p:~y'mcnt of amounts pa~ablc to I.ender hy Bnrmwer
under paragrapF ~ hcrcof. then to intcretit ~~:~~~ablc un tnc ti.~ic, thrn t~ the principal of the Itote. and Ihcn tu intcrest anJ
~.nnci~+a! un :+ny Futurc Advanccti.
4. Chari;c~; Liens. H~~rru~~er ~hall ra~ .~11 ta~«, a..c~timcnts :~nJ c~th~r chargrti, fine~ .+n~i imn~~~iti~~n. aitnhutahle to
the Pro~x:n~ ~rhirh may at.ain a pnoriry ~~v~r thi, `tortgagc, and Iea~rh.~ld p.~}•m~nts ur ground r~st~. if an~~. in the ?nanner
pru~~id~~l un.i~r paragraph ~ hcrco[ or. if nut p.~id in ~uch manncr. b} B„rrow•cr making pa~mcnt. «hen du~. ~lircctly to !hc
payec thcr~of. Boriu~er shali promptly furnish to Lendcr all n~~tices of amount, Juc undc: th~t paragraph, a~~d in the event
BorroHCr ,hall makc pa~'mcnt d~~~.ll~. Burro~~cr ~hall prumptl} ~urni.h ti~ Lendrr rc~riptti c~i~rn:ing such pa)'mcnls.
Borrow~er shall promptl~• ~lischarg~ am• lirn ~~h~rh ha~ p:iont} u~rr thi~ ~lurigacc: pruvi~lccl, th:~t B~~rruw~r ~h:?II not bc:
r~yuired to diticharre an)• lurh li~n ,o long .~s B~~rruw~r shall agrre in ~~rinng t~ thc pa)~n~nt ~~1 thr ~~hligati~~n tircured b}~
.uch lien in a manner acc~~table to Lender, ~~r ~hall in ga~d iaith conte~t wch lien hy, or ~efen~t enforcrment of ~.ich licn in,
legal pro:crdm~,~ Hhich .~peral~ tu pre~rnt thc cnl~~rccmcnt u~ thr t~rn ~~r fur(citurr uf thc 1'ro~xr~i ur ;~n~ part ~hereof.
5. Hazard Inwr.~nce. Boreo:~er tihall F,~ep thc ~m~}n~~rment, nut. ~~i,iing ~u her~:~ftrr rrcitrd on thr P~~~prrt}~ inwred
.~gainst Ic~s~ h~ hrr. h:~rardti inclu~rd ;~:i~hin ihc term "~~t~ndc.l a~~crag~'~. an.l tii~ch ~,th~r haz~rdc a~ I.~nd~r ma~ reyu~rc
f .~n~l in su~`i an~~~+in;s an~1 for .uch prrii~. a~ 1 cnd~r ma~ rryuirt: ~n,.id~~i. that I.en~irr ~hall not rcyiurc th:~t thc amc•uni ot
` ;u~F ~u~rr:~_~• ~~e~ed tha; :tmuunt uf e~~cCras_:t: riywr~V t~~ ~r~} tt?~ ~~im~ ,r~iurJ h~ ~h~~ ~1orl~ag~.
~ Thc ~nsurancc ~arri~r providin~ ~hc in~ur.~n~~ ~h:~ll ix chu.c~~ hv B~rru..rr siihjcct to :ipprmal I,~• Lcn~irr. pru~,ded.
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E that su~h a~,{,r.~~al .r.all n~~t br unrca~nnahl~• withhcld. All prrm+~im. .~n imuran., p~~li~irs .hall h~ pai~1 En thr m~nner
pn~vidc~ un~~r p:~r~graph 2 hcreoi or. iC nut ~a~d in such manncr. hr Brrrrn~cr makinL paymcnt. whcn duc, ~i~recN}' to .he
~murancc ~arnrr. .
All insur.~nc~ poli~ic, ancl t~nr~~.il, lh~rc,~t sh:i!i h~ in form :~.~cptahlc lu I.cn.lrr an~l ,h.~ll i~iclu~:• ~t.in.l.~r.1 murt~:igc
~ ~lau~c i:~ fa.•:•r ~~t :,nd ~n f~,rm ct_cet~tah~r t~~ Lcndrr. L~ndcr .h:~li h:+•r thc ri¢hi t„ h~~ld thr p.,l~:i~. :ind rrn~~.:~{,.thcrc.~t.
~ :~nd B~~rr.~.+~c ~h.~ll pr:m~~tl}~ fur~z~sh t~, Lcndct :ttl ren~H:il ni~u~~~ antl all r~ccipls ot Paid prrminm,. In th~ c~~nt i~t l~»~.
Nnrrv~+'er ~h:ill ~i~r ~+r„mpt n~>ucr tu !he iu~iiran~~ rarnrr an~l I_endcr. l.en~irr ma~ maA~ ~r~,ot ~,f lu~~ ii r.~~t m.~~ie pr~~m~th
~ i,t tiurruwer. .
Unle~.s I.cn~er ~nd B.~rruHrr ~~thrr.~i,r agr~e in unt~nL. imur.~nce pn,~cr~f~ tihall be 1(1F1IIC(~ 10 ft1l~~f~11f~t1 ~~r repair of
~ thc PruEx~rty' .iamagc~l. pruv:J~J su:h rr~wraU~~r. ur r~~+air i~ «'~~numi:all} fcatiiblr .~nd tht sccu[iIp uf thiti :~1.~rtgagt
~ not thereb~ impairecl. If ;uih restor:~t;c~n ur rep:ur n~~t t'i0t'.~lllll~aii~• ica~ii~ir vi ~'i ii;e ,ccur~~. v~ i~c; !1: ~.g;sg:: :.=::l•i
be impaired. thc insi~r~nce pru.er.l, ,i:sll he .~pp~~eel t~~ thc ~ums sccurc~i h~ thi~ Aturtgage. witi~ thc exccss, if any. paid
~ B~rr.•u•cr. If th~ Fruper:~ iti .~h.i;tu~~ne~l tn B„rn,w~r. nr it B~~rrr~~•er failti t„ retip~nd t~ I ~ndcr ~'ithin 30 dals from the
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.la[c n~hc~ i~ mailr:i h~• Lender tr B(lf(c~N"~f Ih.~t thr insu!.~nrc ~arner ~~1Ten t~ settle a cl,~im fa~ intiuran~e bcnefit~, I.ender
authi~rited te~ c:oile~t and apph the imuranic procecd~ at L~ndrr'~ upUun either tu re~tor.?tion ur repair ot the ProEx;ri}'
~ ~~r W thr sum, ,«urccl h} thi, \turtgag~.
Unles~ ! crdcr .~«d B~,rr.,w~r ~~thrrwi~r .~gr~c ~n ~.~riting. :tn~. .u~t~ ~lir.~tion ~+f rn,~ccdti to ~nncipal ,hall not c~tcnd
c~r pustpun~ the duc ~latc uf thr ;n~~nthh- intitallmcntti r~fcrred tu in p::raLraph. i:uu1 ? hcrr~~( ur rhangc thr amount of
' ~uch i:~titall~~icnh. It ~nder paragraph ! S hereof the Pru~rt~ :i.yiur~:i h~ Lrr.drr. :~II right, title and interest ot [3orruwcr
~ in and tu an: insur~ncr policie~ and in an~1 t~~ thc pr.xc~ds thcreut resultirg irum J:+magc tc~ thc Property prior to the lale
or acyui~itiu ~~hall p:,ti~ to Ler~d~r w ti~c e~tcnt ~~f the ~unn ~c.urrJ h~ thu ~lurtg.,gc ~mme~iatel)• prior to such~sale or
acyuisition.
6. Preser.ation and ~lainlenancc of Propert~: I.easehuld~; ('ond~?~niniumc: Planned l nit Dr~~elopments. Borrowcr
~ shall keep th~ Property in gooc! rep~ir and shall not cummit ~~aue ~~r perrnit impa~rmc~it or det~rinration of the Property
- and shal~ comph• ~ith thc provisiuns of em Icase it this ~ti~rtgagr n~~n a I~asc`i~~IJ. i( thi, ~to~tgage is on a un~t in a
~unduminium nr a p!~nncd unrt .tc•.~~I~~pmcnt. B~rruwcr .hail pcrform all ~~i Born~~~~r's ~~blig:,uons undcr the dcclaration
or covenanh crrating ~•r ~~~~erning th~ c~~ndom~n~iim or pl3nn~d unit devel~~pment. the b}~-laus and rcgulation. of ihe
conuuminium or planne~ unit de~~el~~pment, cend c~~n~titurnt document~. I( cundi~minium or pl:,nned unrt de~elopment •
n~ler ~~ecutcd h~• Borrow~er .?nd recorded mgciher ~+ith t`tit Marteagc, the c~»cn.u~tti :ind .~grecmcnts of such nder
ahal! tx incorporateJ ~ntu and tihall amend and wpplcm~nt thr c~~~enants and agreements uf thiti Mortgage as if the rider
~~crc a p:+rt hrreof. • ~
7. Prolectian of l.enders Security. If Bnrre~.+•er fa~lti t~ ~xrirrm the co~~enant~ an.i .igrcements cnnta~ned in this
~3 :~IOlIb'Jgl'. Jf if any acti:m ~~r rr~kce~ling i~ commence~l wh~ch ma~rrialh' aficcts Lender'ti interest in the Pmperiy.
indudmc. b~it rn>t lim~ted io. eminent domain. in.<,henc). c~xle cn~«rcemcnt. ~r arrengenzents or ~r~weedings invol~ing a '
bankrupt or de~edcnt. thcn Lendcr ai I.ender'. e~puon. upun n~~uce ~o Borr~wcr, nia} makc such apprarance~, distwrse w~h
sumti and take such actiun a~ is neceitiar}- t.~ pr~~lcct Lender's interest. ir.ci~~.l~ng, hu1 not limrted t~, dithursement of ~
reasonahle attornc~'ti tcrs and cMr}' uprn thc Propcrt~ tu mal.c rcp~ir.. If Lendcr rey~~ired mortgage insuran as a
~ con.iiti:~n of nial.ing. th~ loan tic~urc,i h~ It~iti ~t~,rtga~c. B~~rn~~.<<r sh~ill {~ay thc prcmi~im~ rcqinre~t to maint~ i such
,y,~ insurance in ctTc~t until ,u~h timc at th~ reyuirement frr ~u~h in~uranre tcrminatrs ~n ~c~ordance w~ith Borrua~ ~l
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