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UN1POtRM ODVSNAte7'a. ~Ott+ower and Leader CONMtiM and trgroe ea< follows:
~ F4~t et ><tirte~l ttni 1tMseeee. Borrower Shan promptly py when dw the principal of laid iala+at oa the
svidanoed by the Note, pnpaymsnt and late charges a provided in tyre Noes. and the printdpal of aa0 inlaeN
on nay Eugene Advances secwrad by title Mortgrye.
!ltrAis !sr'gytssea etrstl Inwnroe. Stibjat b atpplicabk law or to a written waiver by Lender. Baroeror t~ pq
b Leader stn the day monthly irmalMssnts erf principal and iMereat arc.payrrble under the Note. until Me Note is paid is full.
a ett® pMrein "Fuads'~ equal b ga.iweffth of the yarly tetxcs aced a:se:smatt: which may arttaio priority over this
Ma>otata orb Row1d twNe on toe Penperty, it nay. plus sae-twelhe of ye:rlli ptrani+mrt i~mata for hasatd itauraaoe,
plus aN-ttrelftb of yearly prstpiwq i~W1a>ents for mortgage insunntx. if nay. an ss reaonaMy e~imatcd initially aced tt~otq
time to liras by Lender oa the bssis of assesseneerts anti hies and reasonable estimates tlrenoof.
'ibe Funds share be held in an institwiorr the ekposia or accounts of which are iastts~ed or guaranteed by a Federal of
stale etgertcy (iachding Fender if Letrder is such an institution). Lender :ball apply the Funds b pay said taxes. atassmarb.
insurance ps+tatdturts anti ground rents. Lender may rave charge for so holding and applyias the Feuds, analyzing said acoouM,
or vaifyitrg.and oompiliag :aid assessments and bills, unless Fender pays Borrower iMatat on the Funds and applicable law
ptKmits Larder to make such a e:harge. Borrower and Lender may agree in wtitiag at the time of execution of this
Mortgage that iateresst. errr the Funds share be paid to Borrower, and unless :tech agteaaatt is made or applicable law
nerprires such iataest b be paid. Laden shall not be required to pay Borrower any interest or earnings oa the Funds. Lender
chap give b Bott+ower, without charge. as annual aoootrnting of the Funds showing credits and debits b the Ftds and the
purpose for which eadt debit to tbs Fuada was made. The Fwrds arc pledged as additions! security for the sums secured
by this 11~ortgs>e.
IE the amount erf the Funds bedd by Leader. together with the future monthly installrrieau of Funds payable prior b
the able data of taaa, asseameats, irrsuranoe premiums and ground rents. shalt exceed the aurrotnrt tegtriread to pay said taxes.
aaaarseab, irauratroe prexaitmts and ground ratb a they fall due. :tech excess shall be:. at Borrower's
promptly repaid b Borrower err exeditesd to BorroMrex txt rrroathly itWallrrtents of Funds. If the amourrt ~ the Funds
bald bq Leadsc-sbad not fie twf&~nt tii pay taxes, ame:ssraetrb. insurance ptcmiums and ground rears as they fall dues.
Bormwer abap pay to Leader any arnouai aeoewry to make up the deficiency within 30 days from the date notice is mailed
by Leader to Borr+wvet requesting latent thereof.
Upon payment in-fug of cep :urns aecurtad by this Mortgage. Lender shall promptly refund to Borrower any Funds
bode! by Leader. If under paragraph 18 besresof the Property is soW or the Property a otlruwae acquired by Lender. Lender
shay apply. no late than immediatdy prior b the sale of the Property or its sogtri:ition by Lardex. any Funds held by
Ltrnder at tots time of application ss a credit t4gaimt the sums aocured by thle Mortgsge.
3. ARYcatlen et FtpnseaeR Unless appliabk law provides otherwise. cep payments r+eaivead by Lender under the
Nob and paragnpbs l aced 2 baeaf shall be applied by Lendcr first in payment of arrrounts payable to Leander by Borrower
under paratgtaph 2 beer+eof. rhea b interest payable on the Note. then to the principal of the Note.:nd' then to interest and
priaredpal oa any Future Advaaoes.
4. Cdrger. Liests. Borrower sisal! pay all taxes, assessments and other charges, fines and impositions attributable to
the Property which may attain a prarity over this Mortgage, and leasehold payments or ground rents, if any. io the manner
provided under parsAgr~aph 2 hereof or. if not paid in such manner, by Borrower making payment, what due, directly to the -
payee thenaof. Borrower shall ptornptly furnish to Lender aq notices of amounts due under this paragraph, and is the: event
Borrower :ball make payment directly. Borrower shag promptly funsah to Lender rexedpts evidencing such payments.
Borrower shall promptly discharge any lien which ha: priority over this Mortgage; provided, that Borrower .shop not be
required to discharge any such lien so brag as Borrower shall agree in writing to the payment of the obligation sexured by
such liar in a manner rseceptable to Lender, or shall in good faith contest such lien by, or defend arforexarent of such lien iq
legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or nay part thereof.
S. Aasard Iaausaee. Borrower shay keep the improvements now existing or hereafter crated oo the Property insured
agairat loss by Ere, hazards included within the term "extended rnverage", and such other harurds as Lender may require:
and in such amountt and for such periods as Lender may require; provided, that Leader shall not rexluire that the amount of
such coverage exceed that amount of coverage: required to pay the sums secured Eby this Mortgage.
The inwraaoc carver providing the: insurance shall be chosen by Borrower subject to approval by LesrtQer, provided.
that such approval shalt not be untcssonabty withheld. All premiums on inwrance policies shad! be paid in the maanex
provided under parsgraph 2 hereof or, if not paid in such manner. by Borrower making payment, when dues, directly to the
insurance cattier.
All insurance policiex and renewals thereaof shall be in form acceptable to Linder and shalt include a standard mortgage
clause in favor of and in form aceceptabk to Leader. Lender shall have the right to hold the policies and renewals thereof.
and Borrower shall promptly furnah to Lender all renewal notices and all receipts of paid premiums. in the event of Mss.
Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of lass if awl made promptly
by Borrower.
' Unless: Lender aced Borrower otherwise agree in writing. insurance procceds shall be applied to ratoration or repair of
the Property damaged, providead such restoration or repair is economically feasible and the security of this Mortgage is
not thereby impaired. If such restoration or repair is not economically feasible or if the sexurity of this Mortgage would _
be impaired. the insurance proca~ds shall fie applied to the sums secured by this Mortgage, with the excess, if any, paid
to Borrower. If the Property is abandoned by Borarnver. or if Borrower fails to rexpond to Leander within 30 days from the
dates notice is mailed by Leader to Borrower that the insurance carrier offers to settle a claim for insurartcc benefits, Lender
is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
or to the sums secured by this Mortgage.
Unless Lendcr and Borrower otherwise agate in writing. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly iauallments referred to in paragraphs 1 and 2 hereof or change the amount of
such irratallaneots. If under paragraph 18 hereof the Pro~,erty is acquired by Lender, all right, title sad interat of Borrower
in aced to any insurance policies and in aced to the proceeds thereaof resulting from damage to the Property prior to the sale
or acquisition shall pass to Leader to the eactent of the sums sexured by this Mortgage immediately prior to such sale or
acquisition.
f. Praervatloa anti Maiateaautce of Property; Leaseholds; Coerdoatiaierras; Phuteaed Unit DevedopaserUs, Borrower
shall kexp the Property in good repair and shall not commit yvaste or permit impairment or deterioration of the Property
and shalt c~rnply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the dexlaration
or covenants creating or governing the condominium or planned unit development, the by-laws and regulation.: of the:
condominium or planned unit devebpmeM, and constituent documents. If a condominium or planned unit development
rider is executed by Borrower and recorded together with this Mortgagt, the covenants and agrexments of such rider
shall bt incorporate:d into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereaof.
7. Protectiesrr esf Lender's Seceartty. If Borrower fails to perform the covenants and agrexments contained in this
Mortgage, or if soy action or proceeding is commenced which materially affects Lender's interest in the Property.
including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
. bankrupt or dexedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
sums and take such action as is necessary to protect Lenders interest, including. but not limited to. disbursement of
reasonable attorney's tees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
condition of making the loan sexured by this Mortgage, Borrower shall pay the premiums required to maintain such
insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and
~ , . _ 8~~315 Pa~E2782