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Ut+ttbaat Oovartanns. •onowtr std Fender coveatat sled agros as Iolbws:
>k >IlgttassR M hiae*tal ss>t islasetst. Burrovrer ship pratrpfly pay when due tbt principal of sold iatetreat oa the
iatieokdnat svidaatead by flat Noes; prepaynseat and late charges ss provided in fire Note. std the priacipd of turd interest
era say Ftstute Advances secured e!? this 11Aortgage.
t Mani !tr ?!:fast astl tttwrtsees. idrject to applicable law or to a written waiver 6y T.errder, Botroarer shalt Pa>r
b T.eadar osr-the day wonthly iastalhtxnts of principal and int~.rett ue paytrtrk undo the Note, until the Mott is paid in trsq.
a was tMr+sin '~rwds'? eaqual ~ oaatwelhh of the yearly tug and assasarents which ,arty attain .priority over the
Martpgt, asd ground rents oa tlas property. if say.-plus oac-twclhh of yetuh?~ pr~etuiuta itwtal~a~ta for ttssard insurance.
phis one-terrelfth erf yearly premiwa installments for taortgagt insrrrarrCe, if any. all as reasonably estimated initially=atrd from
tirrst to tiara by I.eoder •tn the basis erf assessments sad hilts and ressarabk estimates thereof.
itit Elands shall be btdd iA an irWitutiar the deports e>r accounts of which see itnttred err guaranteed by a Federal otr .
:face agetscy (iachsdirrg I.etrder ii Letrder is such an irsstitution). Lender shall apply the Ftsads to pay said rue:. asstasnrersfs.
irastsrasoe ptesrrinrrrs sad grossed rents. i_erader may nett charge for so holding and applying the Funds, analyzing said account,
ex verityiagard compiling said assasmarts and bills, unku Lender pays Borrower interest oa the Funds and appliabk law
ptrme4 Treader to taake suds a charge. Borrower sad Leader may agree in writing at the tithe of execution erf this
ivliortgagt that interest oa the Ptmds shall be paid to Borrower. std unless attcb apeanart is made or applicable taw
requites such iaserat to be plaid. Lender shall hat ire required to pay Borrower any interest er earnings ern the Funds. !.ender
daft give to Borrower. without charge, an annual aoootsntirrg of the Funds :hawing credits sad debits to the Funds and the i
purport for which cads debit to the Funds was made. 'ILe Funds aro pledged s: oeeiditiagel security for the stuns secured -
by the Mortpge.
u the aasotatt of daft Fuadc held by Fender. togdher with the future aaoathly installments of Funds payable prior to
the due dsta of taxes, assasmeats, irrparanoe premiums and gnwrd cents, shall exceed the amount required to pry said taxes, }
aNetrments, iasurasoe premiums sad ground rents s: they fs'.! due. such excess :!tall _be. at Borrowers option. either
prosetptty repaid to Borrower a exedited to Borrower exr monthly irrstallnsetrts of Funds. If tfie amonart of the Funds
held b7? Ireadsr-shtU cot be stil6cieat >b pay taxes, ssaesscrrarts. insurance praniums and ground rents a they fall due:.
Borranet sbari pay to Leader say amount necessary to make up the deficiency within 30 days from the date notice is mailed
by Leader b Borrower r+eing payment thereof. - '
Upers paytsteraR in full of alf~ ststas secured by this Merrtguge. Leader shall promptly refund to Borrower any Funds
held by Leader. if cadet paragraph 18 hereof the Property is sold err the Property w otherwise aoquiced by Lander. Lender
:ball spply. no later than immediatdy prior to the sale erf the Property or its scquisition by Lender. say Funds held by
Ireeder at the tithe of appliextioo as a credit sgainst the sums secured by this Mortgage. -
3. Alllieatiara est )ta~rsseala Unless applicable law provides otherwise. all payments received by Lender under the
Note and paragraphs 2 cud 2 heresof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
usrdtx pan~grapls 2 lrer+eof, thm to interest pap able on the Note, then to the principal of the Note, and then to interest sad
prihe:ipal oh any Future Advances.
d. CMrger, ?[jests. Borrower shall pay all taxes, assessments and eHhe~ charges, fines and impositions attributable to
the Property which may affairs a priority uver this Mortgage. and leasehold payments .or gerund rents. if any. in the manner
provided under paragraph 2 hereof or, if not paid in such manner, by Borrower rocking payrha?t. when due. directly to-the
payex thtregif. Borrower:hall promptly furnish to Lender all noticex of amexrnts due under this paragraph, -and in the evemt
Borrower shall make payment etirextty. Borrower shall promptly fumish to Lender receipts evideacih+ such payments.
Borrower shat! promptly discbsrge any !toys which has priority over this Mortgage; provided, that Bae~:;wee shall nett be
required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
wc6 lirn in: manner acceptable to Lender. err shall in goad [aith contest such lien by, or defend arforeenrent of such ties in,
kgal proceedings which opexate to proven! the enfor~cerrrtnt of the lien or forfeiture of the Property or any part thereof.
~ Hasaretl Iawiraaes. Borrower shall keep the improvements now existing err hereaafter ereM1ted on the Property insured
against loss by tire. hazards included within the term "extended coverage", and such other hazards as Lender may require ~
surd is such amounts and for such pzriods as Leader may require; provided, that Lender shalt not require that the amount of t
such coverage exceed that amount of coverage required to pay the sums secured ~y this Mortgage. - i
the insurouece carrier providing the insurancx shall be chosen by Borrower subject to approval by Larder, provided. ~
that such approval shall not be unreasonably withheld. All premiums on inwrance pdicies shag be paid in the manner
provided ualer paragraph 2 hereof or, if not paid in such manner, by Borrower making paymrnt, wl'ien due. direectly to the
insurance courier..
All inwrance policies end renewals thereof shall fie in form acceptable to Lender and shall include a standard mortgage
clause in favor erf and in form acceptable to Lender. Lerder shall have the right to hold the policies and rcnewas thereof,
and Borrower shall promptly furnish to Lender all renewal notices and alt recxipts of paid premiums. In the event of loos. -
Bormwer shalt give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
by Borrower.
Unless Lender sad Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
not thereby impaired. If such resteNation or repair is not economically feasible or if the security of this Mortgage would
be impaired, the insurance preroads shall be applied to the sums sceured by this Mortgage, with. the excess, if any. paid
to Borm+rrer. If the Property is abandoned by Borrower. or if Borrower faits to respond to Lender within 30 clays from the
- date notice is mailed by Larder to Borrower that the insurance carrier offers to settle a claim for insurance barefits, Lender
is authorized to collect and apply the insurance preroeeds at Lender's option eiWer to restoration or repair of the Property
or to the sums :exceed by this Mortgage. - -
Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to princppa! shall not extend
or postperne the due date of the monthly ihstaltments referred to in paragraphs !and 2 hereof or change the amount of
such installments. If under puagnph 18 hereof the Property is acquired by Lender, all right, title and intete:at of Borrower
in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale '
or acquisition shalt pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or ~
scquaition.
4 Traenatloo sad Maietenaace of ~Prerperty; Leaseholds; Condorr~iniuass; Pleased Unit lhvebpeisehts. Borrower
shall keep the Property in good repair and shall not cexnrpit yvaste or permit impairment ar deterioration of the Property
sad shall comply with the provisions of ary kale if this Mcrtgage is on a leasehold. If this Mortgage is em a unit in a i
condominium ex a planned unit development, borrower shaft perform alt of Borrowers obligations under the ekclaration
or oovenanu creating or governing the condominium or planned unit development, the by-laws and regulations of the _
condominium or ptanhed unit development, and rnnstituent documents. If a condominium or planneod unit development
rider is exexuted by Borrower aced recorded together with this Mortgage. the covena.ts_ and agreements of wch rider _
shall be inwrporatexi into and :ball amend and supplement the covenants artd agreements of this Mortgage as if the rifer t
were ~a part hereof.
7. IProtectiocs erf Lesde~s Secretly. 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 rat limited to, eminent domain, insolvency. code enforcement, or arrangements or proceedings involving a
bankrupt ~r decedent, then Lender at Lender's option. upon notice to Borrower. may make such appearances, disburse such
wms and take such _.rction as is necessary to protect Lenders interest. incirrding, but not limited to. disbursement of
reasernaok attorneys teas and entry upon the Property to retake repairs. if Lender regeired mortgage insurance as a
condition of making the ban secured by this Mortgage, Borrower shag pay the premiums required to maintain wch
insurance in effect until such time as the requirement liar such inw:ance termrnates in accordance with Borrowers and
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