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UNIFQRM,GG~tzIVAN?S~ BoRQ'w~ w~i IA~r G~t~~~~e,~lallowe ,z. . ; . ~ ~ i
1. ~ ~14Ms1A*1 lIM ltMsnusR..:BortowscshMlprs~tpht pofFwt>.ct efw-lhe pdncip•t of and.iot~st oh the `
indebNd~?S~~NR~?gg~~4 ~An
t~~1k~~~~~~R~a~~~~i~lQt&~dMtl!r~'?t
on any Futuro Advances secured by this~li~ort~age. _
Z. funds fbrTaxN and InwA~. Subject to applicable law or to a written waiver by lender. Borrower shall pay j
t0 LsndK` on tlN dtY matthyi`it>~41aror~al prL09tPet a"d i"te?esl~ P4lre?bie under the Note, until the Note is paid in full, ~
a sum ihateln, "Fu~?d;"j:gi~R! lA ~ >q may, tt+~i ~cntrncs: y!h~? rr?ay, allaa~n tx~1~ _~e~ w±s
Mortg~ ~ ~~oouucd r4ntlt Qfl - r4Y. i#:anyr P one•+~relith;gt, ium in§1;31i ~ for ~~'~4~"ce. i
pfuson~Nrelidljre>~rfyppr~~miutminstal men~afOrmo[tga~ einsurenCe,Aady.,a lai;~eatsaona _ e3timatedinttial~yancltrom
time to tin~6~i L'e~Wefr aft`tt~basie o~ s3tlsam~nts ert?i~il(ti'~itf~d`reasori~bfe ~stit~' ~at~lietedf: } ' { ,
Thie:Ftuttis~shall be held iRatR fntftitWbn this rir abdounts ~ which arbirisotetl~or gud}aMeeti Ef1~a Fe'derat or
state agency including Lender if Lender is such 8U1 ni stitutfoM. Lender shall spply the Funds to pay said taxes, assessments,
insurance premiWgs and grpund rents. Lender may not charge for so holding and apptying the Fynds, anatytir?g said acxount,
or verityitfW .assessments and 4iI1S~,u!l~ss Lender pays Borrower interest on the Funds and applicable law ~ -
permits`LeAd9rYap~~ch a charge. BoROwer end Lender may agree in writing at the time of execution of this i
Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made orap plicable law
requires suah`infersstto Be poi$?~3lflalliidit~ie'g4frBdtdpaY Borrowerany It?tr~totearningt3a'tFieFunds. lender
shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
by this Mortgage,. ~ i.,.~:.._::. - ;
Ii the amount of the~Funds held`by Lender. together with the ~u~ure monthly installments of Furxis payable prior to
the due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
assessments. insurance premiums and ground rents as they tall due, such excess shah be. at Borrowers option, either ,
prompty repaid to Borrower or credited to Borrower onthly installments of Funds. If the a nt of the Funds
held by lender shall not be sufficient to pay taxes, assessme ~F rents as they fall due,
Borrower shall pay to lender any,amount necessary to make up a date notice is mailed
by Lender to Borrower requesting payment thereof. - •
Upon payment in full of all sums secured by this Mortga~•L+ender tplyd ~ f;<?~iwer any Funds
held by Lender. If under paragraph 18 hereof the Property is spJdor _ ~ _ der, Lender i
shall apply, no later than immediately. prior to the sale of th ~ ~a4- _ ~ • ~ t~s held by
Lender at the time of application as a credit against the s `by`ttibs Mertgag • -
3. Applkwtlon olr Payments. Unless applicable law pp~~qq~~jji~ rr~a~ by Lerxfer under the
Note and paragraphs 1 and 2 hereof shall be applied by Lendel'ii~~yrifen~oT~m`oun , ~ayaDle to Lender by Borrower
under paragraph 2 hereof, then to interest payable on the Note, then to the diGYdi~l~•ote, and then to interest and
p~ericipal on any Future Advances. ~re~sn~t io GIJi~ec il.t' ; 3~t' ~ ~=7 3ii~S'
` ~ Charyss;l.isns. Borrower shall payalltaxes,assess~l~~ ~ q~n~1[gaAcp}~anoiaiuiuuiaiuieiu ii
the Prop~rly which may attain a priority over this Mortgage, ar~d -;;i ~n~r gQupd tf aRl(a~ the manner f
provided under paragraph 2 tiQreoi or, if not paid in such march ma ryg payrFient; w~r due, directly to the
payee-thereof; grrower sJtaN prompty,tutr?ish totender all noticesof amount~~due under this paragraph, and in the event
BorrowAr shal~make payment di~iJy, Borrower shall promptl)<,furpjsh tp- Lender ce~eipts evjd~ncl~¢ suc~i payments.
Borcbwer sliBF promptly c9isCherge'8}{y lien which h'as priority aver this ortgag~e; provrdBd. that BotrovVer shall not be `
requiret~ tv~isctiar9e ahy
suoh tie~?~bngas Borrower jlltatl a in wMi~g~tefhepayrnerit ofitHe obfigafiodsecured by
suchlieninamenneracceptebletaLenderdrshallingoOdfaitAcontestsuch]'~eriby.ordefendenfoicementofsuchlienin, -
legal proceedings which operateto-prevent the enforcement of the lien, or forfeiture of the Property or any part thereof.
S,. ~ Nasard titswanor.~ aftaN keep the improMerrtents now enosting or hereafter erected on the Property insured
against loss by tip hazards ir~Rided wittfq?#heterth "extentled coverage"". engeucti other,hazauis as, lender may require
and inns h arnourtis a for act: nods,as der require; provided; that Lender s~lt~tgl wire that the amount of ! .
such coverage exceed that amount of coverage required to pay the slim secured by this Mortgage.
The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided.
j that such approval shall not be unreasonably withheld. All premiums on insurance policies shall 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
insurange carrier.
All insurancepoNc~es and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
clause in favor'of and m'Iorm acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
and Borrower shall proi'nptly furnish tb'Lender all renewal notices and all receipts of paid premiums: ln`the event of loss.
Borrower shall give prompt noticb to the insurance carrier artd Lender. Lender may make proof of loss if Aotrrade-promptly
by Borrower ~ - . ~ - _ . _ - _
Unless Lender and Borrower otherwise agree iRwriting, insurence proceeds shall lie applied to restoration or repair of j
the Property dammed, provided s4ch restoration or repair is economically teaSible and the security of.this Mortgage is
not thr3reby impaired. If such restoration or repair is not economically feasible or if tfie security of this Mortgage would
be impaired, the insurance proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any, paid
to Borrower. If the Properly is abandoned by Borrower, or if Borrower tails to respond to Lender within 30 days from the
date notice is mailed try L~endet ro Borrower that the insurance carrier offers to settle a rJeim for insurance benefits, lender
is authorized.b collect artct apply. the insurance proceeds at Lenders optiota eifher tp restoration orrepair of,the-Property
or to the sums, secured by this l~ortga9e.. _ _ - _ - _ - _ _ . _ _ ~ _ _ _ . - . _ .
UnIeSS Lendef and f3•or~awe. Otherwise agree in writing, any such application of proceeds to principal shall not extend
or postpone the•d`ue date di the tndnthly installments referred to in paragraphs t ahd 2-trereof•or change the an~unt of
such installments. It under paragraph 18 hereof the Property is acquired by Lender, afl right, title and interest 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 s
or acgwisition shall_pass to Lender to the extent of the sums secured by this M_ ortgage immediately prior•to such sale or
acquisition. : > , . ~ ~ ~ ,
.Prpenatlon arid. frAatribparacs o4 ProWrty:. L~holds; Condo~ainisms: Phrnnsd.Unit_D~Ippgr~nts.
Borrower shall keep the Property in good repair and shatKnot commit waste or permit impairment or deterioration of the Pro-
perry and shall comply with the provisions of any lease if this Mortgage is on a leasehold. It this Mortgage is op a unit in a
condominium or a planned unit development, Borrower shall perfomn all of Borrowers obligations under the declaration
or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the
condominium or planned unit development, and constituent documents. If a condominium or planned unit development
rider is executed by Borrower and.fecorded together with this Mortgage, the covenants and agreements of such rider
shall be ihcCrptxated into and 3haN amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof. .
7. Protsctlon of Lsndst's f3scuritx. If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any action or pr8ceeding !Is .comrhenoed whicFr mbterially affects Lenders irdefest in the ~ f~operty.
including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
bankrupt or decedent, then Lender at Lenders option, upon notice to Borrower, may make such appearances, disburse such
sums and take such action as is necessary to protect Lenders interest, including, but not limited to, disbursements of i
reasonable ariorneys fees and entry upon theprpperty to re i4g_If Lender required mortgage insurance as a
condition of making the loan secured by th~ ~l~rj'p ~ ~~~~~r
~a~t,pay the premiums required to maintain such
insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrowers and
• ~o~ ~Z~ PAS z~7
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