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UattoxM Dovat+atrra. Borrowetr tu?d [.ender t~overtant and agree as follows: ,
L Agwa~t et ><tl¦e~al ttt~ ~Ietnest. Borrower shall pranptly pay when due the principal of sail iatereet oa the
iadebtadovea svideaoed by tbeNoN, prepaymatt and late charges as provided in the Note. std the principal of artd intetetq
oa any Future Advances tieetubd by this Mortgage,
lttrli ter 711taa ttM Iaeeratree. Subject to spplicabk taw or b a wtittea waiver by Ltutder, Bottasrer Wtsl1 pay
to Lett~der oa the day ttitonthy iastallmertt: of principal soil interest ur. payable under the Note. until the Note is paid in full.
a euet ptereia "Fuads'~ etltcal b oua-twethh of the yearly taxcc and assasaxnts which may attain priority over this
Mortgages, and gtotrrtd tenb art the Property. if any, plus aK-twelhh of yearili~ premium imtallmants for haratd imuranca.
plat otta-twelfth of yearly premium iastallmatts for mortgage insut~artce. if say, alt a trcswnsbiy estimated irtNially and thorn
time to time bl? Leader oa the bases of ass*xsmenu sail hilts and i+easonabk estitnata thereof.
'11tes Fund: shall be held is an institution the dtpasits or aocounb of which ate insured or guaranteed by a Fedt:ral of t
t+tate agertey (including Lender if Ltrtder is such an iastituttonl. Lender shall apply the Funds b pay said taxes. as~seantatn, ~
inwtaooe premiwne and ground rents. Lender may not charge for so hoWirrs and applyfrt~ the Fends. analyzing said account,
or verifyirrs.and a+mpiling said ataasrrrtnts and bills, unless Leader pays Bott~otret interest on the Funds and applicable law
permits Larder to make such a [:hangs. Borrower and Lender may agroe in writing at the time of execution of this
Moetgagt that interest on the Funds shall be paid to Borrower. sad unless such agreattent is made ~ appliable )sw
retluires ouch interest b be paid. Lender shall not be required to pay Borrower any intet~est or esrnings on the Fuels. Le!eder
shall give to Borrower, without cbatYe, an annual accounting of the Funds showing crodits std debits b the Funds and the f
ptgtposeMfo~~r
wMMhiYYch each debit b tbt: Funds wu made. The-Funds are pledged as additional security for the :ants secured
`^~"f~• t
if the amount o[ the Funds hNd by Leader. togesthe~ with the futtxe- monthly installments of Funds payable prior to
the due dates of taxes, ataarmeot:, imuranoe ptrcmiums and ground rents, shall exceed the sraotrnt required to pay said taxes,
as~aoeats, inwranoe premiums sad ground rents u they fall due, such excess shall be, at Borrower's option, either ~ i
promptly repaid to Borrower of exet6ted to Borrower oa monthly installments of Funds. If the amount of the Fund:
Geld by LeadersbWl sot be sul6deat to pay taxes, Ott:. irrstrraace premiums and m~roouttnd rents ss they fall due.
Borrower shall pay to Leader any amtwat aeotxsary to m~Q ttR tlb dd}It:ieit~i'sfiNiai 3t? elay:''from the date notice is mailed
by Ltmdec to Borr~o~wer requesting palmtertt thereof. .
Upon payment is full of alt etrabt iecured by this Mortgage. _Leatlpr shah[ pt1Y, reftutd_to Borrower any Funds
Geld by Etudes. If uadtx paragraph I8 hereof the Property i4 st>tdbr the 1"hogp~~totherwise acquired by Lander. Lender
shall apply. ra later titan imasedistely prior to the sat: of-the Property or••iq•aogaisitton by I.atder, any Funds held by
Lander at the' tint: of application as a cr+cdit against the wms sescured by this Mortgages.
3• All~aNan a[ I7ptreals. Unless applicable taw provides otherwise.. all payments received bI? Lender under the-
Note and parsgtaphs'1 sod 2 6eresof shall Ix applied by Lender trst in payment of amounts payable to Lender by Borwwer '
under paragrsph 2 haeof, then b interest payable on Ilse Note, then to the principal of the Note, and thin to interest and
priatdpd on any Future Advances.
4. (.'lWges; !Liens. Borrower shall pay alt taxes, assessments and other charges, -fines and impositions attributable to
the Property which may attain s priority over this Mortgage. and lessettold payments or ground rents, if iny, in the manner
pravitiei under paragraph 2 her+cof or, if not paid in such manner. by Borrower making-payment, when due. dir+xtly to the
payee thereof. Borrower. shall I f !
Borrower shall make prong Y ~IIiah uo Leader all notices of amount: due uades this paragraph, and in the event
payment directly, Borrower shag pranptly furnish to Lender receipts evidencing such payments.
Borro~tresr shall promptly discharge any lien which has priority over this Mortgage; provided. that Borrower shall not be
required to discharge any such lien so kng as Borrower shalt agree in writing to the payment of the obligation secured by
such lien in a manner aooeptabk to Lender, or shalt in good faith contest such lien by, or defend enfort:eatertt of such lies in,
legal proceedings which operate to Qrevent the enforcement of the lion or forfeiture of tht Property or any part thereof.
S• >Elmrd lawraraee. Borrower shall keep the improvements now etcisting or hereafter erected oa the Propertq iasttrod
against loss by fire, hazards included within the term "extended coverage and such other hoards as Lender may require F
and in such amounts and for such periods as Lender may require; provided, that Lesader shill not require that the sraouat of
salt coverage exceed that amount of rnverage required to pay the sums secured Eby this Mortgage. - ~
'Ibe iawrance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided.
that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the msrtner
provided under paragraph Z hereof or, if not paid in such moaner; by Borrcwer making payment, when due, dirccdy to the
insurance carrier.
AU insurance policies aril renewals thereof shall be in form acceptable 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 renewals thesroof,
and Borrower shalt promptly furnish to.Lender all renewal notices and all receipts of paid premiums. In the event of loss, i
Borrower shall give prompt notice to the insurance carrier and I.enrkr. Lender may make proof of loss if not made promptly i
by Borrower.
Unltsr Lender sad Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of ~
t
the Property damaged, provided such resstoration 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 security of this Mortgage would -
be impaired, the insurance proceeds shat! be applied to the: sums 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 Lender within 30 days from the
date noticx is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance beae6ts, Lender
is authorized to collect and apply the insurance protxeds at Lender's option either to restoration or repair of the Property
or to the sums secured by this Mortgage.
Unless Lender sad Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly imta;lments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments. If under paragraph 18 hereat the Property is acquired by Lender, all right, tick and interest of Borrower -
in sad to say insurance policies and in and to the proceeds thereof resulting from damage- to-the Property prior to tlt~: sale
or acquisition shall pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
Win- _
f. Praiervatba atsd Maistenaact of Property; Leaseholds; Coedamiaiuats; Planatd Us3t 14evdogroeafs. Borrower
:ball keep the Property in good repair and shall rant commit yvaste or permit impairment or deterioration of the Property
sail shall comply with the provisions of any tease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
condominium or a planned wait dcvclopment. Borrower shall oertorm all of Borrowers obligations under the declaration _
or covenants creating or governing the condominium or .planned unit development, the by-laws and regulations o[ the
condominium or planned unit development. and coratituent documents. 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
sh:Jl be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider ~ ;
were a part hereof.
7, Protection of Leader's Security. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any action or procceding it -commenced which materially atlects 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 Lender
s option, upon notice to Borrower, may make such appearances, disburse such
wms and take such action u is necessary to protect Lenders 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, linrrower shall Pay the premiums required to maintain. such
insurance in effect anti! such time as the requirement tar Birch insurance terminates in accordance with Borrower's and kk
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