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Ur+aww Oovsrut+ts. Bocrorlrtc and Loader covenant and agree as follows:
>i, ><tgtnNt .t . wn.M. Borrower :hall prwnptty pay when dtse t6s principal at turd interest on the
iadtbMdttest widetroed by tM Noq, propayttteot and late charges u {+rovided in the Hots. and the principal d and iaNreM
t~tt tttsy Fttttrn Adr?anob seette+ed by tba Mortgage,
1 tllsads ltrr 7lsaet rani Sbbjb~t t4 applicabb law sx to a written waiver by Lsader. Botrttwer sba3i pay
b Ltradtr oa the day woutMy instsllmatts of pnrcipal and intirrst ue.paytrbk under the Note. utttt'1 the Noa is paid in furl.
a tttsa pratria "Fundt'9 equal b eoe-twelfth of the yatiy race and asstxsatettts which may attain priority over this
Mastjage. and gnowld nab oa tbt Property. it atty. phu otrrtwellth of ysu!)i pranium it>:talbrtettts for hazard inwrarrce.
Attu ooe•tMreltttt of ytrarty ptxasiwn installmarb for nattgage iturrnt)ce. if say, all as tsasonubly estimated initially and fraa
ass
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w ~a+ss"sw ~~:;~!!!?•w~a ~.ut title anti rm~e~?atft! ltifjrnaf!!i thlr00f.
TM Ftitttdt sha116e bell in an ittuitwiaa the daposia or_accounts of w ibsh u!e l+lsnfed a guuaatetd by a Pedant otr ;
state satrrcy (incltrdirrg I~rtder itLalder is :itch an institution). Lauder tJrall apply the Funds to pay said taxes, assessrnenb, _ -
instuaaoe praNwns and ground rents. Lender may twt charge for sn holding and applying the Frttds, analyzing said account.
or veritying.md oompiliag said saearttents and bilb, unless Leader pay: Borrower interest oa ttre Funds and applicable law
petrndts Deader b make such a charge. Borrower and tender may agree in writing st tlle~ time of execution of -this
Mortgye that interest ou the Ftttds :ball be paid to Borrower, and udess :tub agneattdtt is made or appfitxbb law
regttiratt suds interest b be paid. Leader shall trot be trquind to pay Borrower any interest or earnings on the Fuetm. Lender
sbaB give to Borrower, witbotrt t:barge, an annual aeoounting of the Funds sbowiag credits and debits to the Funds and the -
Mor wbidr ttaeb dsbit to the Funds was rtlade. The Funds ate pledged a: additional sectrriry for the wms secured
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Tt the amoturt of the Fuoda bald by Lender. togdher with the future monthly installments of Funds payable prior b
the dw chat of tortes, assessments. itwrnnoe premiums and ground resits, shall exceed the amount required to pay said taxes,
saetseaarb, iawranoe praniums and ground tarts as they fall due. such excess shall be, at Borrower's option. either
ptssoptll? repaid b _B.orrower a credited to Bon+owa on monthly instalUnents of Funds. if the amount of the Mundt
6tld bgr-Leadee-:bdi-act be--~-pay-taxes,-s>~alerets, insruantx ptemittros__ttnd_gr9utd tact: ss_ they fall due,
Borrower short pay b Lender say aatount necessary to rrrake up the defrcieucy within 30 days from the date notice is mailed...
by Lender b Borrower requesting payment thereof.
Upon pyment is full of all sumas secured by this Mortgage; Leader shall promptly refund to Borrower any Fund:
held b9 Lender. If under paragraph 18 hereof the Property is sold or the Property a otherwise acquired by Lender, Lender
sbau apply. as Isar than immediately prior to the. sob of the Property or its soquisidon by Lender, any Funds held by
Leader m the time of application as a credit against the sums secured by this Mortgage, -
3. Appiiatials st lltgmeab. Unless applicable law provides otherwise, all payments received by Lender tuldet the
Noes and paragraphs 1 and 2 hereof shall be appfiid by Lender first in payment of amounts payable to tender by Borrower
under paragraph 2 hereof, rhea to interest payable on the Note. then to the principal of the Note. and then to interest and
t?ria+Pd on any Future Advances.
d. Ctisrgea; ijent. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
the Property which may attain s priority over this Mortgage. and leasehold payments or ground rents. if any. in the manner
provided raider paragraph 2 hereof or. if not paid in such manner, by Borrower makiirg payment, when due, dittrctly b the
payee tbaeof. Bonryrver shall promptly furnish to Leader all notices of amalnts due under this paragraph, sad in the event
Borrower shall make payment directly, Borrower shall promptly furnish . to Lender revdpts evidence such
rag payments.
Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be
required to discharge any such lien so bog as Borrower shall agree in writing to the payment of the obligation secured by
such lien in a manner aeoeptabk to Linder, or shall in good faith contest such lien by. or defend enfortxroent of such liar ice,
legal proceedings which operate to preveat.ihe enforcement of the lien or forfeiture of the Property or any part thereof.
S. Hasartl Iaawanee. Borrower shall keep the improvements now'existing or hereafter erected oa the Property iasuced
against toss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may regain
sad in such amounts and for such periods as Lender may require; provided, that Fender shall not require that the amount of `
such coverage exceed that amount of coverage required to pay the sums sceured Eby this Mortgage.
The inwrarroe carrier providing the insurance shall be chosen by Borrower subject to approval by Linder, provided,
that :rich approval shall not be unt+easotrably withheld. Atl premiums on insurance policies shill be paid in the manner
provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
inwraace carrier.
All inwranee policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
cLuse in favor of and in form stxxptabk to Ixnder. Ixrder shall have the right to hold the policies std renewals thereof.
sad Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid pr+emiutns. in the event of loss,
Borrower shall give promps notice to the insurance carrier and Lender. Lender may make proof of lass if not made promptly
by Borrower.
Uakss Lender and Borrower otherwise agree in writing, insurance proceeds :hall be applied to restoration or repair of
the Property damaged, provided such restoration or repair is ecoramicagy feasible and the security of this Mortgage is
not thereby impaired. ff such restoration or repair is not economically feasible or if the security of this Mortgage would
be impaired. the insurance proceeds shall be applied to the sumo secured by this Mortgage, with the excess, if any, paid
to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Linder within 30 days from the
date notice is mailed by bender to Borrower that the inturatrce carrier offers to settle a claim for insurance benefits, Lender
is authorized to collcet std apply tbi insurance protxids at Cinder's option either to restoration or repair of the Property
or to the sutras secured by this Mortgage.
Unless 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 installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interat of Borrower
in and to any iltsuraace policies and in and to the proeeeds thereof resulting from damage to the Property prior to the sale
or acquisition shall pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
6. Irraenatloa arsd Maiatettaace of Property; Leaseholds; Condotnitdems; Plaaaed Ueit Der
shall keep the Property in good repair and shall not comtpit yvaste or permit impairment or deterionU~on~o the Prroperty
std shall comply 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 declaration
or oovetrulta creating or governing the condominium or planned unit development, the by-laws and regulations of the
condominium or planned unit development, and constituent docutmnts. If a condominium or planned unit development
rider is executed by Borrower and recorded together with this Mortgage. the covenants and agreements of such rider
shall be incorporated into and shall aanead and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any 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 decedent, then Lender at Leader's option, upon notice to Borrower, may make such appearances, disburse such
sutra and take such action as is necessary to protect Cinder'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
condition of making the loan secured by this Mortgage, Borrower shall pay the premiums required to maintain such
inuurance in effect until such titre as the requirement for such insurance terminates in accordance with Borrower's and
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