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UNIFORM CO~~FN.a!vTS. Barrowc~ and l_codc~ cuvCnant and agr~ti a~ (oll~~ws:
l. Payment of Princlpal and Inlerest. Horn~wer shall prompily pay whrn duc thc pri~cipal ot and intc~est an thc
i~dcbtedneu evidcnccd hy thc Nutc, prepaymcnt and latc charbcs a. pruvidcd in the Na1c, and Ihe principal of and intcres~
on any Futurc Advancec sccurecf by this Mortgagc.
2. Fuads to~ Taxes and lnsuranca Subject to applicablc lau• or to a written w~aiver by l.cndcr. Borrow•cr shall pay
to Ixnder on thc day monthly inctallments af pnncipal and intcretit are payahlc unJcr thc Note, uMil the Notc ~s paid in (ult,
a sum lherein "FunJs") cqual to o~c-twclith o[ thc ycarly taxr~ anJ atisessmcnts w•hich may attain priority aver this
Mortgage, and ground rents on the Pr+operty, if any, plus ~~nc-twclfth of ~•early prcmium installments far hazard insurance.
plus onc-tw~clfth of ycarly prcmium installmcnts for mortgage insurancc, if any, all as rcasonably estim•rtcd initially and trom
timc Io timc by l.cndcr on thc basi~ of a~scs~mcnts and bills anJ rc~u~nablc cs~imates thcrcof.
TF~e Funds shall be heW in an ins~itution the deposits or accoun~s of which are insured or guarantceJ hy a Federal or
state agency (including Lender if Lender i~ such an instituti~~n). 1 cnder shall apply~ the Funds to ~+a~~ said taxes, assessments,
insurancc prcmiums and ground rrnt~. Lcndcr may not chargc t~~r .~~ holding anJ applying thc Fimds, analy~ing said account,
or ~~erif)•ing aod compiling said asse~~ments anJ bilk, unlesc Lender pa}'~ Borrow•er interest on ~he Funds and applicable law
pcrmits l.endcr to makr such a chargc. li~~r~ower and Lendcr m:~y agrrc in writing at thc time ot exccution o[ this
~tortgage that intcrest i~n the FunJs shall he paid to Ror~uwer, anJ unlcss ~uch agrccment is made or applicable law
rcyuires such interest to be paid, l.cndcr shall not Fx: rcyuircJ a~ ~~~ Borruwcr any im~rest or carning~ on the Funds. Lcnder
~hall gi~•e to Borrower, without chaege, an annuat accounting of Ihc l=und~ ~how•ing crrdits anJ Jehits to the Funds and ihe
purpose For which each debit t~~ the F=unds was m:~dc. The Fund~ arc plccig~~1 aa adJitional securiry for the sums secureJ
by this ~tortgage.
If thc amount of the Funds hcld by Lendcr, tugrthcr with thc futurc montht~~ inst:~llmcn~c of Funds pay:~blc prior to
the due dates uf taxes, as~essments, insurance premiunn anJ gruund rents, shall e~ceed ~he amount reyuirecl to pay said ts!ces,
assesstnents, insuranrc prcmium. and ground rents ac thc} fall dur. wch e~ccss ~hall bc, at Borrowcr s option, either
prompUy repaid to Borrowcr or crcditcd ta B~urow•er on monthly imtallmrnts of Fund~. (f thc amount of thc Funds
held by 1_endcr shall not bc suflicient to pay ~a~cs, assu;~~ments, imurancc premium. and ground rents as they fall due,
Borrowcr shall pay to Lcndcr an~• amoum ncrc~tar~• tc~ makc up thc: dctiricnc~• within i0 Ja~~s (rom thc datc noticc is mailecl
by Lendcr to Borrowcr rcyucsting pa)~mcnt lhcrco(.
Upon payment ~n full ot all sums se~:ur~d by thi. Mortgagr. Lcndcr shall promptlp ref~md to Borrow•er any Funds
held by LenJer. If undcr paragraph lt; hercof the Proprrty i~ ~old ur the Proper~y is otherwite acquired by Lender, LenJer
~hall appl~, m~ latcr th~n immediately pric~r to the ~ale ~~f th~ Pro~ny ~~r its acquisition b~• Lender, any F=unds helJ by
Lendcr a~ ~hc timc ~~f appliration ac a crcJit aga~nst thc sum. sccurcd h~• thic ~lortgagc.
3. Application of Paymenls. Unle~s appli~abie IaN pro~ ides other.+i~c. all paymems recei~•cd by Lender under the
Notc and paragraph. I and 2 hcrcuf shall bc applicJ b~• Lcndcr fin~ in pa}mcnt o! amuunts payahlc to Lcndcr hy Borrow•er
undcr p•rragraph ? hereof, then to intcretit pa~•ahle on the tiwc, thrn t~~ tha; principal of the Ne~te, and Ihen to interest and
principal on :+ny Futurc Advances.
~3. Ch~rRes; Liens. Borrower tihall pay all ta~cc, ;~ti.rti+ments and ather charge~. fine~ :uul im~~+iUi-nc aunbutable to
the Property w•hich may at~ain a priority over this Rtortgage, and Ieaschold payments or ground rents, if an}•. in the manner
providcd undcr para~raph 2 hcrcof or, if nut paid in such manncr, by Borrow•cr making pa}•mcnt, w•hen duc. dirccUy to the
pa}~ee thcn:of. Borrow•er shall prompNy furnish tu 1_enJer all noticcs of amounts duc under thi~ paragraph. and in the event
Borruwcr shell makc pa~~mCnt dtrerU}•, Burrow~r .hall prumpNy furnish to I.cndrr reccip~. r~id~ncing such pa~•mcnts.
Borrow•er shall promptl}• discharge an}• lien ~~hich hac pnorrt~~ u~er thi~ ~tortgage: pr~n•ideJ. th:~t B~-rrower ~hall not be
reyuired tu Jis~:harge an}' such licn w long as Borrowcr shall agrcc in .~rit~ng to thc pa)mcnt ut thc uhligatiun SecureJ b~~
wch lien m a m:~nner acceptabk to Lender, ~~r ,hall in g~Kxl taith contrtit sueh lirn h~~. or defen~l enforccmrnt of such lien in,
Icgal prcxccd~ng+ ~hich opcratc to prc~~nt thc cnfurccmcnt of th~ I~rn or for(citurr i~f thc Prap~:rt}' c~r am part thrrcof.
S. Hazard Insurance. Borrowrr tihall l~cp thc impn~.rmrnt, nuw r~i~ung ~~n c~re~ftrr crrctcd on thc Pr~~~rty~ inwrcd
~gainst lrns h~• fir4. hazard~ incluJrd Hithm thc tcrm °cctcndc.l ~~~vcr.~g~". an~t w:h othcr hazard~ a~ I.~ndcr ma~~ reyuirc
anJ in surh amuunts anJ (or surh Exri~xi, ati Lcnd~r ma~• rzywrc: ~n~~idcJ. that Lrn~lrr ,hall n:~t rcyuirc that thc ami-unt of
~uch cu~•rr~~r cccccd that amoum ~~f cmcr:~gc r~yu~rcd tu ~a) thr ~um~ .c.urrJ h~• thi. \tortcagc.
The insuranrc carrir: providing thc imuranre ~hall Ix ~hu~rn b}' Borruwrr subject to appro~~al b~• LenJ.:r; provided,
that surh appro~al ~hall not tx unrea,onahl~- withhrld :111 prrmium. vn insurancc palicics shall Ik paid in thc manner
pro~•ided un~rr p:+ragraph 2 hercof ur, i[ not pa~d in tiuth manncr. b} B~~rroHCr mak~ng pa)'ment, whcn due, directl}' to the
insurancc carrier.
All insurancc policic. and ren~Hak lh~rcid ~hall tx in form .urrpt:~bl~ to LcnJrr and sh~ll includr a:tanJ:~rJ mortgagc
claute ~n fa~~~~r ~+f end in f~~rm acceptahle tu 1_ender. Lrndcr tihall ha<< the right ~~- hold thr pulirie+ and r~new~alti therr.~f.
and Bortut~er tih.~ll prompth• furnish t~~ Lrnd~r all rcncwal noticec and all rece~pts of paid premium,. In the e~ent of loss.
Bormwcr ~hall gi~~e pmmpt noti~~ to the irour.~nrr carncr anJ LcnJcr. Lendrr m~~~ makc prcH~t of loss i[ not madc pr~~mpQ)~
b~• Burrc~w~cr.
Unless Lender and Borruw•cr othen~i.~ r~:r~c in tinting. imuranrc prucrcdc shall tx: applied to rc~turation ~u repair of
the Propert~~ Jamage~f, prov~JeJ such rc~turatu~i: ur repair is ~con~~micall~• feasible and the securit~~ of th~s Mortgage is
not thereb~• impaired. It ~urh re,toratwn or repair is nat r~~~ncm~call~• frasiMe ur ~( the securit~~ o( this 1lortgage w~ould
bc impaucd. thc insurancc pr~kccJ~ ~hall bc applicJ t~~ thc wms kcurcd b~~ thit ~1ong.igc. ~ith thc exccts, if any, paid
to Borr~~wrr. It the Propert~ ic :~hanel~~nrd h~ B~,rrs+wrr. c~r il Bnrr~~wer faih t~~ re~~nd to I.ender w•ithin 30 da}s from the
Jate notice ~~ maileJ b~• Lender to Barn~w~er that the insurancc ~arner otfen to setUe a claim f.~r im~rance benefits, Lender
i~ authorized ta coltect and :~ppl~ the imurancc pruceeds rt LcnJer's uption either to r~~tor~don or repair of th~ Propert)~
ur to thc sum> >r~ureJ b}~ this ~tortgagc_
l,`nles~ Lcn~cr and Borr~~NCr other~iu egrec in unUng. an~ wrh appliretion c-f pn•.:ceds to pnncipal shall not extend
ur p~~stponc thc duc Jatc u( th~ m~~nthl~~ in~~alimcmti rcfcrrcd t~~ in p~r:i~raph~ 1 an~i 2 h~re~~f or changc thc amount of
such imtal:ment,. It under paragraph lti hereof the Propert}~ ia acyu~red h~ Lender, all ribht, title and i~terest of Borrow•er
in and w am ~nsurance policies ~nd in anJ m thc pnx~eJs lhcreof re~ulUng irum 1I8O1:1K1 to the Property prior to thc sale
or acyuuition ~hall pasti Io Lender (u thc e~tent of the ~unts ,ecureJ b~ thi~ ~lurtgage ~mmediately prior to wch sale or
acyuisition.
6. Presenalion and ~taintenance of Propert~: I.easehold~: ('ondominiumc; Planned l;nil Ih~•elopments. Horrow~cr
~hall kcep thr Property in gc~~d repair and shall not commit wastc ur perm~t impairment or deterioration of the Propert)•
and shail cumpl} ~ith ~hc proviswns ot an}' lease i( thu ~tur~gagc i~ ~~n a Icasch~~ld. If thi~ 41<~rtgagc is on a unit in a
wndominium ur a pl~nncd un~t Jc~cl~~pmcnt. Borrowcr ~hall Fxrf~~rm ~II of Borruv-cr's ubl~gaUons undcr ~hc dcclaration
vr covcnantti creating ~ar g~~verning thr u~nd~•mmium nr planned unit devel~~pment. ~he by-law~c and regulation~ of the
cunJi~minium or planncd unit de~•elupmt:it. .~nd c~nctituent dc-cumems. If a rondominium or planned ~mit de.elopment
nJcr i~ cxewtcd b}• Borruwer and recordcJ tugcthcr Hith thi~ M~~rtgagc. ~he co~~cnantti ~nd agreemenh af `uch riJer
~hall be ~ncorEx-rated into and ~hall amend an~l ~upplrment the co~enants and agreements o( thiti Mortgage as if the ridcr
u~rc ,- part hcrcof.
7. Proteclion of I.enders Security. If Be.rr~~~~er fatlti t~ ~rl~~rm the cavenan~c anJ ~greements conlained in thi~
~tor~~agr. ~~r if an~ acuon ur prcxccdmg ~. a~mmcnre~l whirh materially ~tir~t~ LenJer's ~nterc~t in tha: Propcny.
includ~ng. hut n„t lim~~cd t~,. cmincnt domain. in~~~h~nc}. c~xir cnt~~rccmcnt. ur arrangcmcnts or pr~.ccrdings ~nvol~ing a
bankrupt or drerdcnt. thcn Lcndcr at I.cnJcr'~ optu~n. u~n noticc t~ Borrow~rr. ma} makc such appcaranccs, dishurtic wch
sums and takc such actiun :~s is nece~.arc tu pn-reet Lendrr'c m~rrest. uicluJiny~_ hut not IimiteJ tu. d~~bursemeM of
rcasonaMc attarnc~'~ti tcrs anJ cntry u~xrn Ibc Pmpcrt~ tc~ mak~ rcp~~r~ I( LcnJcr rcyuirrd mo~tgagc imurancc a~ a
cond~t~~~n ol n:aling thc loan ticr~ire~l b}~ thn ~t~~n~:acc. B~~rn~wcr shcill pa}• thc prcmiumc rcquirc.l to mainta~n ~u~h
insurancc in c1Te~t un~il tiuch timc rti thc reyuirement for such insur•rncc tcrminatrs in accordancc w~th Borr~~v-cr', anJ
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