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Uwtrosut Oovartaxra. Borrows tad Leader coveaanz and agroe se follows:
1 ittpwar at hYstw w 1¦IwrM. Borrower shall promptly pay when dues the prirtc~al of and iateseK on the
indebledrrasa evidenced by ~ NoM. psepaymsat tad late charges as provided in the NoN. ctrl the principal of tad iatereM
a error Fttturs Advances aeetrred by this Martgt~gs. - °
1 llrstis fletr 1ltmse ttrsi i~a~sa¦ee.. Subject to applieabk 4w sx b a writtar waiver by Lerrder, 6on'ow'rr shah pa7?
b Lender as tbs day moaWyiastyhaents of principal and interest are.paysdrle under the Nose. uatr~ tits Nova is paid M tuN.
a ausw ptareia "Fttada'~ sgwl b nee-twelfth of the yearly taxes and aaawtenb which may • attain priority owr this
i1[orijags. and grotrgd react oa tl~e Property. d any. plus tae-twelfth d yaarl~' premium iatgallasena for haurd irtswanoa.
plot oat-twaihh of yearbr praaium installment for mortgage irtutrana, if any, aQ as t+aasotl~?bly estknated initially abd tram
time b tiros by Ltmder on the bass of assessment and bilk and reasortabk estimate thereof.
'ICs Funds abap bs bald is m institution the deposits or accounts of which era itataed a guuanasd by a Federal of
stall agaocy (iachding finder if
I.erder is such an ittstitutionl. Fender:ball apply the.Fuads to pay said taxes, amassmata. ~
iaarraooa prdrritran-aod growtd rents. F.errder may not share fQr so holding tad. applying the. Fnrtds. analysing said scooutM. _
a verNyiog,sad otnapiliag said aaasment and bilk, antes: Lender pays Borrower interest oa the Funds and applicsbk law
pasmilr Lender to malts such a charge. Borrawa sod Lender may agree in writing at the time of execution of thk
1KaAgap that io/erest oa the Funds shall lx paid to Borrower. and uakss such agreement er marls or applicable law
regains anch iatetest b be paid. Leader shall not be required to pay Borrows dtly interest a earnings on the Funds. Fender
shall give b Bormrrer, without charge. an annual accounting of the Funds :bowing credit ctrl debits to the Funds and tbt
purpose for which east debit b the Funds was made. 'Ills Furls are pledged ss additional security for the sums secured
by this Mortgttgs.
If tbs amount of the Ptrods held bq Lender. together with the future monthly installment of Funds paysbk prior b
tbs dos data of taxes, assaurrreaa, irwrrarroe premium and ground rents, shall exceed the arrrount required to pay said taxes. „
assessmeats, iasuraooe premiums and gtourd rents as they fall due, suet excess shall be. at Bomosver's option. either '
ps+amptly repaid b Borrvw'er err credimd b Borrower-at mthly instslhaent d Fonder If the amount of the Funds
bald br I~ea~dar-sfball not be atl6cieat to pay woes. atees:,narts. insurenoe premiums and ground rerwr as they fall dues. f
Botrosrer abaU pay b Lender say anauat necessary to make up the defrciency within 30 days from the date notice er mailed
by Ltmder b Borrower regtrating payment thereof.
• Upon payment is fu8 of all amts aectued by this Mortgage. Lender shall pranptly refund to Borrower any Funds
bsW try Candor. Tf under paragraph 18 hereof the Property is sold or the Property rs otherwise acquired by Lender. Lender -
sball apply. ao later than imaredlatdy prior to the :ale of the Property or its aoquerition by Leader. any Funds heW by
Ls~eder at the time of application a a credit against the .:Vass sectrred by this Mortgage.
3~. /1~iieatlaw eft !rp>•ea1s. Unless applicable law provides otherwise. all paymerds received by Lender under the
Note tad paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amount payable to Lender by Borrower
under paragraph 2 hereof. then b interest paysbk oo the Note. then to the principal of the Note, tad -thee to interest and
principal oo toy Future Advsooea.
1. Charges; ltieas. Borrower shall pay all taxes. assessments and other charges. fines and impositions attributable to
the Property which rosy attain a priority over this Mortgage. and leasehold payments or ground tents. if any, is the manner
provided wader paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due. directly b the
payee thereof. Borrower shall promptly furnish to Lender all notices d amounts due under this paragraph, and in the aveat
Bonower. :bell make payment directly. -Borrower shall promptly furnish to Leader receipts evidencing such payment.
Borrower shall promptly discharge any lien which has priority over the Mortgage; provided, that Borrower -shall not be
required to discharge eny such lien so bag as Borrower shall agree in writing to the payment of the obligation secured by
such lies in a manner atxeptabk to Larder. or shall in good faith contest wch lien by, or defetrd eafotrxarent of such lies in.
legal proceedings which operate to prevent the enforreatent of the -lien or forfeiture of the Property or any part thereof.
S. 18aaar+i Iasaraaea Borrower stall keep;he improvements now exerting or hereafter erected oa the Property insured
against loss by fire. hazards included within the term "extended coverage". and such other hazards as Lender rosy require
tad in such amounts and for such periods as Lender nay require: Provided: that Lender shall not require that the amount d
such coverage exceed that amount of coverage required to p:y the wins secured ~y this Mortgage.
'lira inwraooe carrier providing the insurance :ball be chosen by Borrower subject to spproval by Lender, provided,
that such approval shall not be uareasooabty withheld. All premiur on insurance policies shsdl be paid in theyaaaner
provided under panrgraph 2 hereof or. if not paid in such meaner, by Borrower making payment. when due. ditnctty to the
iawraace carrier.
All insurance policies tad reaewek thereof shall be in form acoaptabk to Lender and shall include a standard mortgage
clause in favor of and in form acceptable to Leader. Lender shall have the right to hold the policies and reaewek thereof. t
and Borrower shall pranptly furnish to Leader'all renewal notices and alt receipt of paid premiums. In the event of loss, 3
Borrower shall give prompt notice to the insurance carrier and under. Lender may melee proof of loss if not made promptly ~
by Brower '
Unless Lender tad Borrower otherwise agree in writing,-inswana proceeds shall be applied to restoration or repair d i
the Property damaged, provided such restoration or repair ~ is economicapy feasible and the security of this Mortgage is ~
not thereby impaired. If such ratoration or repair er not economically feasible or if the security of this Mortgage would
be impairal. the insurance= proceeds shall be applied to the sums secured by this Mortgage. with the excess. if any, paid ~
to Borrower. if the Property er abandoned by Borrower, or if Borrower faik to respond to Lender within 30 day: from the
date notice is mailed by Larder to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
er authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
or to the wars secured by this Mortgage. . .
Uakss Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone the due date of the monthly iaatsllments referred to in paragraphs 1 and 2 hereof or change the amount of
arch installments. If under paragraph t8 6eroof the Property is acquired by Lender. all right. title and interest of Borrower
in and to any insurance plisses and in and to the proceeds tberoof resulting from damage to the Property prior to the sale
or acquisition shall pass to Lender to the extent of the sums secured by ties Mortgage immediately prior to such sale or
scquerition.
f. Ps+eaenatloa acts Maieteoasce of Property; I.easehdds; Condomidrrms; Plaaaed Udt 1DeveloPreab. Borrower
shag keep the Property is good repair and shall not corttrpit yvaate or permit impairment br deterioration of the Property
tad shall comply with the provisions of say kale if this Mortgage-is on a leasehold. If this Mortgage er on a unit in a
condominium or a planned unit devebpment. Borrower shall perform all of Borrower's obligations under the declaration
or eoveoants creating or governing the condominium or planned unit devebpment, the by-laws and regulations of the
oondoatinium or planned unit development, and constituent documents. If a condominium or planned unit development
rider er executed by Borrower and rernrded 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.
Protectloo d Leader's SecrrrHr. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any action or proceeding is commenced which materially afkcts Lenders interest in the Properly.
including, but not limited to. eminent domain, insolvency, code enforcement, or arrangerhent or proceedings- involving s
bankrupt or decedent, then Lender at Lender's option, upon notice Io Borrower, may make such appearances, disburse such
sums and take such action as er necessary to protect Lender's interest. including, but not limited to, disbursement of
reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
cotrdition of making the ban secured by this Mortgage. Borrower shall pay the premiums required to maintain wch
insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and •