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UNIFOttlN CovErv.~svTS. Borrower and Leader covenant and agree as [ollows:
1. Paytaewt of Ptiwcipal aatt 1Merest. Borrows shall promptly pay when due the principal of and interest on the
indebtedness evidenced by the Note, prepayment attd late charges as provided in the Nae, and the principal of and interest
on say Future Advances sceurod by this Mortgage.
2. Fttads for Tara ttiwi laswaoca Subjtjct to applicable law a to a writtrn waiver by Lender, Borrower shall pay
to Lender on the day monthly•instaliments of principal and interest arc payable under the Note, until the Note is paid in full,
a sum (herein "Funds") ogtul to one-twelfth of the yearly taros and assessmrnts which may, attain priority over this
Mortgage, and ground rents on the Property, if any. plus one-twelfth of yearly premium iastallrrtents for hazard insurance.
plus one-twelfth of yearly Premium installments for mortgage inwrance, it any, all as reasonably estimated initially and from
time to time by Lender on the basis of assessments and bilk and reasonable estimates thereof.
The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
state agency (including Lender if !.ender is such an institution). Lender shall apply the Funds to pay said rasa, assessments,
insurance premiums and ground rents. lender may not charge for so holding and applying the Furxis. anal zing said account,
or verifying and compiling said assessments and bilk, unless Lender psye Bomow•er interest on the Funds and applicable law
permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
Mortgage that interest nn the Funds shall ht paid to Borrower. and unleu such agreemnnt is rrtade or applipbk law
requires such interest to be paid, !.ender shall not he required to pad &~rrower and interest or earnings on the Funds. Lender
' sfiall give to Borrower, without chargt, an annual accawnting o[ the Furxh 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 !lortgage.
if the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
the due dates of tapes, assessments, insurance premiums and ground rents. shall exceed the amount required to puny said tares,
assessments, insurance premiums and grawnd rrnts as they tall due, such eacess shall be. at Borrowers option, either
promptly repaid to Borrower or credited to Borrower on monthly initallmrnrs of Funds. If the amount of the Funds
held by Lender shall not be sufficient to pay taaes. assessments, imurartce premwms and ground rents as they [all due.
Borrower shall pay to Lender any amount rteressan• to male up the aleficier?cy within 30 days from the date notice is mailed
by Leader to Borrower reytresting payment thcreoL
Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
held by I~nder. under paragraph 1K hereof the Property is old or the Propem~ n otherwise acquired by Lender, Lrnakr
shall apply, rto later than immediateh• prior to the sale of the Properly or its acquisition by Ixnder, any Funds held by
Lender at the time of application as a credit against the sums secured by thn Mortgage.
3. Appfieatioa of PaymeNs. Unless applicable law pines ialeS otherw ise_ all payments received by I_ertder under -the
Note and paragraphs I and 2 hereof shall be applied by 1_rndrr fire m pa~mcnt of amawnts payable tai l_rnder by Borrower
under paragraph 2 hereof, then to interest payable ou the ~aHe. thrn to the principal of the i\ott, and then to interest and
principal on any Future Advances.
4. Charles; Liens. Borroxtr shall pay all taaes, assessments and other charges_ tines and ,mp.niuons attnbutabk to
the Property which may attain a priority over this Mortgage, and leasehold payments nr ground rents. if am•. in the manner
provided under paragraph 2 hereof or. if not paid in wch manner. b~ Borrower making paamertt. xhrn due_ directly to the
payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph. and in the event
Borrower shall male pa~•ment directly. Borroxrr shall praxnptly furnish to lxrnirr receipts esidertcing such payments.
Borrower shall prompth• discharge any lien xhich has pr,or,ty a» er this Maxlgage: provaaleai. that Borrower shall not be
required to discharge an}• such lien so long as Borrower shat! agree in xriung to the p:~atent of the ohbgatwur secured by
such lien in a manner acceptable to Lender. or shall in goad faith ca•ntr.t such lien hy, or attend enforsti~ment of such lirn in,
legal proceedings which operate to prevent the enfa.rcement of the hen or torfe,ture of the Propem or em part thereof.
5. Hazard Insurance. Borrower shall keep the ,mpraarments nor eaiuing aK hereafter rr~zted On the Property mwred
against lost h~• fire. hazards included within the term ~ratended coaeragt and u,ch tuber hazards as I.ertdrr mat' require
and in such amounts and for such periods as 1_endtr ma} reyuirr_ proaided. that (_rnaier shall rxu rt:yuire that the amount of
such coverage tacecYi shat amount of coaerage ragweed to pas the sa,ms .ecurs~l he the Mortgage.
The insurance carrier providing the inwrance shell he shorn by Borrower subject to approaal ha 1_ender. proa•itied.
that such approval shat) not br unreaxnahly xithheld: Ali prcm,ums on inwrance policrrs shall tw paid ,n the manner
{ provided under paragraph 2 hereof or. if not pa,d~in such manner. bti Borroaer making payment. xhen due. d,rectly to the
insurance carrier.
All insurance policies anJ renewals thereof shall tk in form ecctpt..hk to I_en.lrr and shell ,naude a stanalard mortgage
i clause in (aa•or of and in form acceptable to 1_ender. 1_rnder shall haae the right to hold the poli.ics and re,xuals thereof.
i and Borrourr shall prompth- furnish to Lender all renrxal notkes and all receipts of paid prrmi~rm,_ In the event of kxs.
Borrower shall gh•t prompt nonce tc. the insuren:e earner end tender. Lenakr mJy matt prw~f of loss if not made pre:npth
by Borrower.
Unless Lender and Borrou~tr othrrw,sc agree in wnt,ng, insurance pmreti-ds shall be applied to restoration or repair of
E the Property damaged, prew,aled such restorat,on or repa,r ,s econunicalh feasible and flit security of th,s Mortgage is
not thereb~• impa~red_ )f such restorat,on or repa,r is not eaux+mrcath irasihk or rf the security- of this ~fortgagr would
be impaired. the insurance proceeds shall be applied to the sums secured by this Mortgagr_ with the excess. if any. paid
to Borrower. If the Propert} is abendor,ed M &,rr.naer. or if Borr.•xer fails to respond to 1_ender within 30 days from the
date notice is mailed by Lender to Borrower that the ,muranax carrier otien to settle a clam for insurance benefits, Lender
is authorized to collect and apply the Insurance prooetafs at Ltrnler~s op,un other to restoration or repair of the Property
or to the sums secured by this Mortgage.
Unless I~nder and Borrower otherwise agree ,n wnung_ am su:h application of pn~creds to pnncipal shall not extend
or postpone the due date of the nx?nthla installrttents referred to in paragraphs I anal ? hereof or change the amount •f
such installments. It under paragraph l8 hereof the Propertc is acywrel h} Leoder_ all nght. tale and interest of ,Borrower
in and to am insurance policies and in and to the proceeds thereof resulting from damage to the Proptrtc prior to the sat
or acquisition shall pass to Lender to the talent of the wren secured M th,a Mortgage Imnted,ately prior to such sat or
acquisition.
6. Prrsen anon and ~/abteaaac~e of Property: I.easerolds: ('osdoariairrms: llaweed L nit Iks-elopmeNs Borrower
shall keep the Property in good repair and shall not commit xaste or permit impairment or deterioration of the Property
and shall comply with the provisions of any lease d the Mortgage n on a leaseM•ld_ If this Mortgage is on a unit in a
condominium or a planet-d unit dra-rlopmrnt. Borroxtr shall perform all of Borroxtr's obbgrucans under the declaration
or covenants creating or governing the condominium or planned unit deaek?pntent_ the be-laws and regulations of the
condominium or planned unit development. and constituent doctunents_ If a condcuninium or planned unit aieaelopment
~ nder Is executed by Borrower and recorded agrther x,th the Mortgage. the covenants arxf agreements of wch radar
shall be ,ncorporated into and shall amend and wpplemcnt the coaenants and agreements of th,s 1?lortgage as if the rider
were a part hereof_
7. Proteilion of [.coders Secarit}. If Borrower fait to perform the covenants and agreements contained in this
Mortgage. or if any act,orr ur proceeding ,s caunmrnced xhKh materialh• aBr:ts Lertaier's interest in the Property.
including. but not hm,ted to. em,nent domain. ,nsolvenc~. cede enforcement. or amngements or proceedings ,naolaing a
banknlpt or decedent. then 1_ender at Lender s option. upon notice to Borrower. mesa make su:h appearances_ dlshurse such
sums and take such action ~s a necessan to protect Lender s ,merest. ,ncluding. but nol lim,ted to. d,shurserrlent of
reasonable attorney's errs and entry upon the Pmpem to make. repass. If fender required mortgage inwrance as a
condrtu.n of mak,g the loan sc;.ured ba th,s Mortgage. Borrower shall pay the prem,ums rrqu,red to maintr,n such
insurance in eiTect until such time as the reyuirrment for such inwrance terminates m accordance w,th Borroxer's and ~
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