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UNIFORM (bvE;ra!vTS. Borrower and LenJcr covenant and agree as follows:
1. Payment of Prlnrip>,1 and Interest. Burrower ,hall promptly pay when due the principal of and interest on the
indebtedness es~idcnrrJ by the Nutr, prepa)'mrnt and fate charges a, pntvided in the \ote, and the principal of and interest
on any Future Advances secured by this Mortgage.
2. Funds for Taxes and lnsuraace, Subject to applicable law or to a written waiver by [.ender, Borrower shall pay
to l.cnder an the day monthly installments of principal and intcrest are payable under the Note, until the Note is paid in full,
a sum (herein "Funds"! equal to anc-twelfth of the yrarl}• taxes anJ assessments which may attain priority over this
Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
plus one-twelfth of yearly premium installments fur mortgage insurance, if any, all ac reasonably estimated initially and from
rime to time by Lender on the basis of asscs,menu and hills and rc:uunablc estimates thereof.
'i~te Funds shall he held in an institution the Jelx,sits or acr+nutts of which arc insured or guaranteed by a Federal or
,fate agency (including 1_ender if Lender is such an institution). f-ender shall apply the Funds to pay' said taxes, assessments,
rnsurance premiums and ground rrnh. Lcndcr may n++t charge for ,u huWing and applying the Funds, analyzing said account,
ur s•erifying and compiling said asse„ments and hills, unless Lcndcr pays Burrower interest un the Funds artd applicable law
permits Lender to make such a charge. Borrower and Linder may agree in writing at the time of execution of this
Mortgage that imerrst un the Funds shall br paid to Burr.?wrr, and unless such agreement is maJr ur applicable law°
reyuires such interest to be paid, I.cnder shall nut he reyuireJ tv pay Burrower am' interest or earnings un the Funds. Lcndcr
shall gis•e to Burrower, without charge, an annual accounting of the FunJ, shaving credits and debits to the Funds and the
purlwse Mr which each debit h? the Funds was made. f he Funds air pledged as additiuuat security for ihc' stints Secured
by this Mortgage.
if the amount o[ the Funds held by Lender, together with the future monthly installments of Funds payable prior to
the due Dates of taxes, assessments, insurance premiums anJ ground rents, shall exceed the amount reyuired w pay said taxes,
assessments, insurance premiums and ground rents as they fall due, such excess .hall he, at Borrower's option, either
promptly repaid to Borrower or crt•dited to Borrawcr on mi•nthh• installments of Funds. If the amount of the Funds
held by Lcndcr ,hall not be sutlicient to pay taxe,, assr,smrnts, in,ur:uuc prer.tiunu and ground rents as they' fall due,
Borrower shall pay to Lcndcr any amount necrssarc to make up the Jrticiency within 30 days tram the date notice is mailed
by Lender to Harrower rrytresting payment therrr•f.
Upon payment in full of all sums secured by thi, Mortf;aer. I ender shall promptly refund to Borrower ar»• Funds
held by Lender. If under paragraph IK hereof the Propene i, ,++Id ur the Property is ashen+•ise acquired by Lcndcr, lender
shall apply, no later than immediately prior to the sale of the Property ur its acyuisitian by Lender, any Funds heW by
lender at the trmr of application as a credit agautst the wm, secured by thts Murtgagr.
3. Application of Payments. Unles applicable law pm,ides athersci,e, all payments recris•ed by I.rnder under the
\ute and paragraph, 1 :end ~ hereof shall be applied by Lcndcr fist in payment of amounts payahlc to i.endrr M• Borrower
under paragraph ? hereof. then to mtrrest payable on the i`iute. then tx+ the principal of the Note. anJ then to intcrest and
pnnc,pal tin any Future Advances.
J. Chartres; Liens. Burruwcr shall pay all lases, as,rsmrnt; and other charge,. fine, and impu,itiuns attnhutahle tv
the Proprrtc which may' attain a pnurity over this Mortgage, and Ica,ehuld payments or ground rents. if any. in the manner
pr~sxleJ under paragraph 2 hereof ~~r. if nut paid in such manner, by Borrawcr making payment. when due. directh• to the
payer thereof. &•rruwe: shalE promptly furnish tv 1_enJer all notice, o! amounts due under this paragraph, and in the event
Burrower sh.:tl make payment du~itl,. Burruwcr ,hall pn.mptiy furnish to Lcndcr recriph evidrnsing such payments.
Burnxsc* shall prampth~ Ji,ch;ugc any lira which ha, pnurity user this ~lurtgagc: pn+vrlrJ. that Burrower ,hall not be
reyuired to Discharge any such lien su iuug as Burrower shall agree in writing to the payntrnt .+f the uhligatiun ,reared by
,uch lien in manner acceptahlr to I ender, ur ,haN in g,>,~D faith contest arch lien hv~_ ur JctenJ cnfarcrntrnt tit such lien in,
lekal pry+;rrdi•tg~ .'.bleb ++prralr to prevent the rni~+rcrmrnt of the lien +•r forfeiture .+f the Property or any part thereof.
5. Hazard In,uranrr. Rormv+rr .hall keep the unr+ruvemrnts now rsi,ung ur hereafter rrectrD on the Pn+prrty imured
atainst L+s, hs tire. h:,,erDs ,nclutleD wtth+n the term '~eltrndr.l cuvrraee". and wch other hatardc as Linder ntac rryurre
.ut.i tit sash ,,n:,punts ruff fur str;h periuvl, as Lrndrr ntav reyuirr: pruvideJ. that Lrndrr ,halt nut nyu?re that the antuunt of
,uch cure:as~r rviceeD that amount tit ruvrr;tgc rryuued tr pay- the sums secured hv~ th,s Hong:+gc.
'The tnsurancr ;,,crier pmvidiug tLe insur.utcr shall fx .hv,en he• Borruv+rr subject to ;rpproval hs• I.rnJer, provided.
t'r:,t sash apprrval Khali n+~t i+c unrrasunahly withheld. All prrntium, tin insurance puhcics shall hr pail rn the manner
t~ruaiDeci under p,:r:,er.,ph 2 hereof ar. rf not p.tid in ,nch manner, by Burrower makinc payment. when due. directly to the
:rtsurtncc earner.
All imt,r;?ncr puhnrs :end rerev+.,k there.+t sha14 i+. m form accrptahlr to I.rnDer and shall mcluDr a st-,,n.l:,rD mortgage
~lausc m favor rf anJ ~r: (Hera a;c-_,+tahlc ru Lrndrr. LenDrr shall have [hc right to hold the poficir, rout rrnrvvals thereof.
.,nd Burnn,rr sh;;ll pn+rtptly furnish to t.rndrr aN renewal nutrces and all receipts of pairs premium.. In the csrnt of lus,.
Hurruurr sh:rl! etcr pn>ntpt notice to the in,ur:ut.x earner ,utD I ender. Lender may make pro.+t of loss it r..•t :nude pruinptly
h~ Burrower.
l;nlrss I enDrr and Brrrrwrr utherwix agree in wnUng. imurancr pn+ceed, shall be applied to restur.,tion or repair of
:hr Proprrt} DamageJ. ,.r+n•iJrJ ,uch resturatturt ur :eparr is ra+nuntic:dly tea,ihlr and the security of this Mortgage i,
rut thereby imparrrD. ft ,uch re.,tur,,tn+n or rep:ur +s nut r.onurni;all,• fea,rhir or if the security of this Muttgagr would
tte: imparrrd. the rnstuance prvcreJs .hall be ap{+lirJ t:+ the wm, srcureJ by thi, Mortgage, with the rxeres• if any, paid
to Burn.w•cr. If the Pn+prrv i~ :,:,,,nJuneJ by Ruin+wer. rr if Burruwcr fails t.• resp.,nd to Lender within 3U days from the
date natice „ mail~D M Lender to B+,rn+wer that the insurance earner utters to settle a claim for insurance benefits, lender
uuhurired to collect and apply the imuran;e pnx:eeJ, at I.endrr~, option either to restoration ur repair of the Property'
ur to the sums ,ccurrD hs• this Mortgage.
l:nles. Lrndrr :utd Burn+wrr uthen?ix agree in wnnng.:,m sash appiic;,lion of pn~creJs tv principal sha}I no! extend
nr postpone the due Jatr .+f the rn+ntMy installments referred to lit p::r.,gr,ph, 1 :end hereof or change the amount of
su;h in,tallnrrnh. It under paragraph Iti hereof the Pn+perty n acyu~reJ by f_cndcr. all right, title and interest of Borrnw'er
in and to :env in~uran~e policies anD in and to the proceeds thcree~f rcsuUing from damage to the Property prior to the sale
yr acyuisiUvn ,h:,lE pass to 1_ender to the extent of the sum, securrJ by thi, ~lortg.,gr imrnrdiately prior to such sale or
acywsihon.
6. Presenatiun and Maintenance of Properly: Leaseholds: Condominium,; Planned l~nil Uevelnpmcnts. Borrower
shall keep the Property in good repair and ,hall nut commit astr ur permit impalrmcnt or drtcriuration of the Property
and shall compl~• with the provisruns of any lease if this Mortgage tin feasrhu(d. it this Murtgagr i, tin a unit in a
wndumimum ur a planned unit Jeselapment. Borrower shall in-rlurm all of Borrower's uhfigaUVns under the declaration
ur cuvrn;,nts creating ur g<nCrnrnc the cundunumum or planned unit development, Ihr by-law's and regulations of the
.untlrn,inuun or planned unit Je,•elopmcnt..utD constituent Jtxuments. If a conJominium or planned trait development
r„ter r, rsrcuted by Borrawcr and rest-rded together with this ~t++rtgage. the covenant, and agreements of such rider
.hall I:r incorpurateD into anD shaft amend an+l wpplrntrnt the ;uvtnant, anJ agreements of ifu, Murtgagr as i( the rifer
were a p.trt hereof. '
7. Protection of Lenders security. If Burrov+er tail. to {+rrfurm the covenants and agreements contained in this
Murtgag.. ur if any acnan ur pre:ccc'rng i, commenced vtih.;h rnatrrially afFects LcnJcr's intcrest in the Property,
:n;hrD:nD. bu::rut ~inutrJ to. emincn; dumam. insulscnry. cutlr rnh+rrmrnt, ur arrangements ur pr~+ceedings invol,mg a
hnnkrupt ur De:eDcnt. thin tender ar Lcndcr', option, upon notice to Borruwrr, may make suchapprarances, disburse such
sung and take st:ch action is ncccsar m pr+arct Lrndrr'; !merest. rncludrng. but not IimhcJ ta. Jnburscmcnt of
reason:,hle attorneys ter, and carry upon the Property t.+ make trl:un If Lrndrr reyuired mortgage insurance as a
a~nJitic+n of making the loan ucureJ by thn M+~rtgaer. Krrrr~.+er sh;dt nor the premiums regtnreJ to maintain such
rnsurancr in effect until su.h time a, the rcyuirement for wch a»urance tcrminatcs rn accordaner with Borcuwcr's and
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