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UNIFORM COYF:KaNTS. Borrower and !.Coder rl-YCnanl and :IgrCC as fPQOWS:
1. Payment of Principal aad Interest Born-wer shall promptly pay when due the principal of and interest tin the
indebtedness evidenced by the Note, prepayment and late charges as provided in the hole, and the principal of and interest
on any Future Advances secured by this Mortgage.
2. Funds for Taae9 and Insurance. Subject to applicable law or to a written waiver by !.ender, BOROwCr shall pa}-
to Lender on the day monthly installments of principal and intcrest are payable under the Note, until the Note is paid in full,
a sum (herein "Funds") equal to one-twelfth of the yearly taxes and •rssessments which may attain priority over this
Mortgage, and ground rents on the Property, if any. plus one-Iw•clfth of yearly premium installments for hazard insurance,
plus one-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
time to time by Lcndcr on the basis of asscsancnts and bills and reasonable estimates thereof.
The Funds shall he held in an institution the deposits or accounts of which arc insured or guarantor.-d by a Federal or
state agency (including Lender if Lender is such an institution 1. Lender shall apply the Funds to pay said taxes, assessments,
insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. anal)•zing said account,
or verifying and compiling said assessments and bills, unless !.ender pa)•s Burrower intcrest on the Funds and applicable law
permits Lender to make such a charge. Borrower and Lender ma}• agree in writing at the time of execution of this
Mortgage that intcrest an the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
requires such interest to t-e paid, lender shall not he reyuired to pa)• &urower any interest or earnings tin the Funds. 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 pl+xlg+tit as additional security fur the sums secured
by this Mortgage.
If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
the due dates of taxes, asussments, insurance premiums and ground renh, shall excec~l the amount reyuired to pay said taxes,
assessments, insurance premiums and ground renh as the}~ tall due, such dress shall tx:, at &-rrow•er's option, either
prompth• repaid to Borrower ur credited to Burrower on monthly imrdlmcnts of Funds. If the amount of the Funds
held by Lender shall not be sufficient to pay taxes. assessments. imur:-nre premiums :u+d ground ants as they fall due,
Burrower shall pay to Lender any amount necessan• to make up the deficiency within 30 days from the date notice is mailed
by !.coder to Borrow•cr requesting payment thcrcof.
Upon payment in full of all runts secured by this Mortgage. I.cnder shall promptly refund to Borrower any Funds
held by Lender. If under paragraph IS hereof the Property is sold or the Property is otherwise acyurred by Lender, Lender
shall apply, no later than immediately prior to the sale of the Property or its acyuisition by Lcndcr, any Funds held b}•
I_endcr at the time of application as a credit against the sums secured M• this :lortgage.
3. Application of Payments. Unless applicable law provides othenvisc. all payments received by Lcndcr under the
Vote and paragraphs I and 2 hereof shall tx; applied h}• Lender first in payment of amounts pa}•aMc to Lend+:r h}• Borrower
under paragraph 2 hereof, then to intcrest payable on the tiute. then to the principal of the Notc, and Then to intcrest and
principal on an}• Future Advances.
~3. CharKes; Liens. 8or:ovscr shall pay :+l1 saxes, :-sscssments ;+nd other rh::rgcs. fi:ees ::red :mlx-sitirns attrihutahle to
the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
provided under paragr:ph 2 hereof or. if not paid in such m:mncr, by Borrower m:+king payment, when due, directly to the
payee thcrcof. Borroucr shall promptly furnish to Lender all notices of ;+mounts due under this paragraph, and in the event
Borrower shall make pa)~ment directly, Born-wcr shall prumptl)• furnish to Lcndcr rccciph evidencing such pa)•mcnts.
Borrower shall promptly discharge an}• lien which has priority over this Murtg;-ge: provulyd, that Borrower shall not be
required to discharge an)• such lien s+- lung as Borrower shall agree in ++nting t+- the payment of the obligation secured M-
uch lien in a manner acceptable to Lcndcr, or shall in g+-od faith ronte.t such lien hy, or Defend enforrrmcnt of such lien in,
legal pn-ceedu-gs which opcr.+te to prevent the cn(orcemcni of the tern or forfeiture of the Property or any part thcrcof.
S. Hazard Imurance. BOROwI`f shall Acep the improvements no++ existing or hereafter erected on the Pmpert)• insured
against loss h)~ fire. hazards included within the Term "estended coverage''. and such other hazards as I.endcr ma}' require
.+nd in such amounts and for such periods as Lcndcr may rcyuirc: prmided. that I.endcr .hall not rcyuirc that the amount of
,uch coverage cscced that amount al ro+erage reywrcd to pav the suns .rimed by this Mortgage.
The rmuranre carrier providing the insurance sh:+ll ixr cho.en by Borrower urhjcct to approval by Lcndcr, provided,
that such approval shall not b+: unrcawnahly w•ithhcld, All premiums on insurance politics shall t-c paid in the manner
pnn•rded under paragraph 2 hereof ur. if not paid in such manner, b}• Borrower makrng payment, when due, Directly to the
insurance carrier.
All insurance politics and renewals thcrcof shall Ix in form arcept.+btc to Lender and sh:+ll intludc a standard mortgage
tlaux: ur favor of and in form acceptable to Lender. Lender shall h:+ve the right to hold the politics and renewals thcrcof.
and Burrower shall promptly furnish n. Lcndcr all renewal notices and all receipts of paid premium.. In the went of loss.
Borrower shah g+ve prompt notice to the insur:u-ce carrier :uw Lcndcr. Lender m:+y make praut of loss if nut made promptly
by Burn-w•cr.
lJnless Lcndcr and Borrower otherwise agree in writing. imuranrc pnxecds shall be applied to restoration or repair of
the Property damaged. pruvrded such restoration ur rcp:ur •rs eronomitalh~ IeasiMe and the security of this Mortgage is
nut thereby impaired. If such resturatirn or rcparr is not eton+.micalh~ feasible or if the security of this Mortgage would
he impaired. the insurance proceeds ,hall be applied to the sums secured by this Mortgage. with the excess, if any. paid
to Borrower. I1 the Property is abandoned by Borrower. or it Borrower fails to respr-nd to 1 ender within all days from the
date notice n mailed by Lcndcr to Borrower that the imuranrc carrier otTen to settle a claim for imurancc benefits, lender
rs authorized to collect and apply the insurance prrx:ecds at Lcndcr"s option tither to restoration ur repair of the Property
or to the sums secured h)• this Mortgage.
Unless Lender and Burruwcr othcn+ise agree in writing. am such application of proceeds to principal shall not extend
or pustlxmc the due d:+tc of the momhh~ imtallmcnts referred h- in paragraphs I and ? hereof ur change the amount of
such installments. 11 under paragraph l8 hereof the Property is acquired he Lcndcr. all right, title and interest of Borrower
in and to an) incur:m:e policies and in and to the pnx:eeds thereof resulting from damage to the Property prior to the sale
ur acyuisition shall pass to Lcndcr to the cstent tit the wn» secured by this Mortgage unmediately prior to such sale or
acyuisition.
6. Preservation and Maintenance of Property: Leaseholds: ('ondominiumti: Planned !'nit Decelapments. Borrower
,hall keep the Property in g+x-d repair and shall not commit waste ur permit impairment or deterioration of the Property
and shall comply with the provisions of any lease if thu Mortgage rs on a leasehold. If this Mortgage is on a unit in a
condominium or a planned unit development. Burrower shall perform all of Born-wer's obligations under the declaration
ur covcnanh creating ur guvernrng the rnndominium or planned unit dcvclopment, the by-laws and regulations of the
condominium or planned unit development, and wnstitucnt documents. If a condominium or planned unit dcrelupment
ruder -s executed by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
shall be u-corpurated u+to and shall amend turd supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
7. Protection of Lenders Security. If Bom-wer fails t:~ perform the covenants and agreements contained in this
1lurtgage. or if an}• action or prucccdmg rs atimmcnred which matcrialh• :dlrch Lcndcr', intcrest in the Property',
includu-g. but nut Irmued to. eminent domain. in,ohcnc). axle rnforrement. or arrangements or proceedings invoh~ing a
bankrupt ur detedert, then Lcndcr at t.cnder's option, upon notice to Borrower, ma) make such appearances. duhuru such
sums and take such action as rs necessary to protect Lender's rnrerest. including.' but not limned v~ drshurxment of
rcasonahic attorney', fees and entry upon the Propcrtc to m.+ke repairs. If Lcndcr reyuired mortgage imurancc as a
cundmon of makrng the loan secured by this Mortgage. Borrower shall pay the premiums reyuired to maintain such
insurance in etTect until such time as the requirement for such mwrance terrtlinates rn accordance with Borrowers and
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