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Ut+a~onss Oovttw?trts. Borro~wr std Ltttder covenant and atrer a< tollo+rs:
L ~gota¦t sr1 lMae~el tttM itsseaf. Bttrro~wrr sAsp promptly pay whet due the principal of and- in~aest at the
iadabNisas widsttoad b7? tlts NoM. plypayment and lets tdtatges as provided in the Note. and the ptirt~al of atsd inareN
ea atq? PWmrs Advaiaaa t~acwttd by this ittortgags.
3. >>bri Irtr 7ketea toad rweanea. Subject b applicable law a b a wtrittat ataiwr by Lander. Bon+ower shalt pay
to Lsidar on the day asonthiy asediirteaa of principal and itttere~t erne. psyabis utda the Note. tt~ the Note is paid is [uM.
a twt~ Qtatria "Fuadr'q cleat to onsfi~wWh of ebe yarly axes and awssatata which tray strain priority over this
Mortgs~s, old gtlousd rttsla oe ~ Property. it nay. pats one-ewaltth o[ yarbr' pcwoiwn i..a>Itnena tote hasat~d itaurattca.
par one-eweihh of yearly pwniuat inNalhtAata for morlpge imurnos. it atq?. sa as nasonaeh? «timaad ittitiauy .ncl tt+ot.
tuns to liras b~? Letda oa the bases of astnssarena and hilb and reawnable estitasas thta+eot.
't1M Ptfnds shall bs bttW is as ia:tittgian the dt:posia or aocouaa of which aro imttred or panaceed by a Fedt~sl of
Nara ~y (irtcln~ng Lgttdsr it-Ltstder b such an inpitutionl. -Fender shag apply fbe Purtdt b pay said taxes. aaasntwNa.
insurance p+aniwat and gtortrtd rafts. Linder may nor charge for ro httldigp and applying the Fltnds, ararlysiag said aeootwt.
a vetityiag.and compiling said ataasntatts and bilk. unless I.ertder pays llortower interest oa the Funds and applicabN law
peratits Treader b teaks stash a charge. Borrower and under may apes iA writing st the time o[ execution of this
Mortgtya ehu iatereN oa the Ponds shah be paid b BorrorMetr. and urtlea strcb aprserrtatt a made a applicable law
requites twdt interest b bs paid. Fender Bail not be required to pay Borrrower any interest a earnings on the Funds. bender
stts>t give b Borrower. without charge, an annual aooounting of tM Funds sbtrtwiag crodia and debits b the Funds aid the
pupae tar which eadt debit to tbs Funds was node. 71te Funds aro pledged as additional security for the twins sttettred
by tbM Matpye.
N the amotutt of tbd Pbnds held by [.ender. together with the tattoo monthly instdMQeat: of Funds payable prior b
the des dater of taxes. assasoreab, issnrarroe premitura and pound terta.:la11 exceed tlr amowtt required to pay:aia taxes.
aaessments. imwartoe prartitmn and grotutd reran ss they tall due.:udt excess :hall be. u Borrower's option. ether
protptly repaid 1o Borrower a carodiad to Borrower oa monthly itwallmaKs of Funds. If the amount oI the Furls
hrdd blr irtasdsr-slta~ ant bs sv~at to pry taxes, adsesmaartt. imtuantx premitmas and ground rents ss they fa!! due.
Borrower shsll pay b Trader nay amount aeoeaary to make up tba deliciertcy within 30 days from the date notice. is mailed
by Leader m Borrower requesting pyment tbareot•
Upon payseot in lull of all twins eeatrod by this Mortgage. lender shall promptly refund to Borrower any Funds
"srda i3g ienms: ii: u~ gsragraph is irertoi lire i~riy is soles a: iirt: ~rTi cs oiiszi~ix dui:=d lx:-du.
:hall apply. rw tats than imoaediatdy pricer to the :alt: of the Property or its acquisition by bender, nay Funds heW by
Lssder u the liras of application alt a credit against the stuns secured by this Mortgage.
3. AppiiealiN st lgtieab. Unless applicable law provides otherwise. sll payments received by Lender under the
Note cad paragraphs 1 and 2 baeof shall be replied by Leader first in payment of amounts payable to Lender by Borrower
under paragraph 2 hereof, that to interest payable oo the Note, then to the principal of the Note. and then to interest and
prindpal oa coy Futtn+e Adrances.
4. C>tiargesq Lleas. Borrower shall pay all taxes. assessments and other charges, fines and impositions attributable to
the Property-whidt may attain a priority over this Mortgage. and leasehold payments or ground rents. if any. is the manner
provided uoda paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due, directly b the
payee thtt+eof. Borrower shall promptly furoiah to Lender all notices of amounts due coda this paragraph. and is the even
Borrower shall stake payment directly. Borrower shall promptly furnish to lender receipts evidencing such payments.
Borrower shall promptly discharge any lien which has priority over this Mortgage;. provided, that Borcowrx shag not be
required to discharge any such lien so beg as Borrower sha8 agree in writing to the payment of the obligation txcured by
such lien in a manna scoeptabk to Lender. or shall in good faith contest such lien by, or defend enforcement of such liw iq
legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
S. Hasari iassrsrtee. Borrower shall keep the improvements now existing or hereafter erected oa the Property insured
against bas by 5rc, hazards included within the term "extended coverage". and such other hazards ss Lender. may roquirc
cad in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
such coverage exceed that amount of coverage required to pay the sums secured °by this Mortgage.
1be iasuraatx carrier providing the iosurana shall be chosen by Borrower subject to approval by Lender: pr~avided,
thu such approval shall not be wtreasonably withheld. All premiums on insurance policies altdl be paid in the manner
provided under paragraph 2 hereof or. if not paid in such manna. by Borrows making payment, when due. directly to the
insuarce carrier.
Aq inwrance policies cad renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
clause in favor of cad in form sccxptable to Lender. Lender shall have the right to hold the pdicia end renewals thereof.
end Borrower shall promptly furaah to Lender all renewal notices and all receipts of paid premiums. in the event of lass.
Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of bas if not made promptly
by Borrower.
' Unless Lender and Borrower otherwise agree in writing,. insurarce proceeds shall be applied to restontbn or repair of
the Property damaged, provided such ratoration or repair is economically feasible and the security of this Mortgage is
rat thereby impaired. If 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 sums secured by this Mortgage, with the excess. it any. paid
to Borrower. if the Property is abandoned by Borrower. or if Borrows fails to respond to Lender within 30 days from the
date notice is mailed by Leader to Borrower that the insurance carrier offers to settle a claim for ittwranoe benefits. Lender
is authorized to collect and apply the inwrance prorxeds at Lender
s option either to restoration or repair of the Property
or b the sums secured by this Mortgage.
r Ualtss 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 insallments. If under paragraph 18 hereof the Property is acquired by Leader, all right. title and interest of Borrower
in and to nay insuraatx policies cad in and to the proceeds thereof resulting from damage to the Property prior b the sale
or aequisitioa shall pass to Leader to the extent of the sums secured by this Mortgage immediately prior to such sale or
ti. Pr+aerratba and Maiateaaace of Properly; Lease6dd~ Cosioraiair~ Pfaaoed Urtlt Devebpmeab. Borrower
shop keep the Property io good repair cad shall not comrpit yvsste or permit impairment or deterioration of the Property
' sad 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 obligatans under the declaration
m or covenants creating or governing the condominium or planned unit devebpment, the by-laws and regulations of the
condominium or planned unit development. and constituent documents. If a condominium or planned unit development
i rider is executed by Borrower and recorded together with this Mortgage. the covenants and agreements of such rider
shall bt incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
~ 7. Trofectioa of Lertier's Sccnrfty. If Borrower fails to perform the covenants and agreements contained in this
I Mortgage. or if any action or proceeding is commenced which materially affects Lender's interest in the Property.
4 including, but not limited to, eminent domain. insolvency, code enforcement, or arrangements or proctedings involving a
bankrupt or decedent, then Lender at Leader's option, upon ratice to Borrower. may make such appearances, disburse such
sums and take such action as is rreceswy to protect Lenders interest. including, but not limited to, disbursement of
reasonable attorney's tees 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 regrriral to maintain such
' insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and
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