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UN/FORM COVBNANTS. Borrower and Lender covenant and ss~ee u follows:
l. !~t o~ h1~cIN1 yi iNera~i. Bo~rowe~ shall p~omp~ly pay when due the principal ot and interesi on the
~ndeMednest evidenced by the Noto. prcpayment and late chargec ac p~ovided in ~he Nde, and the prinrpal of and inteast
on any Future Advances secured by this Mottgaae. •
2. Fr~i tor Tai~+s ui I~wr~~ce. Subject to applicablc law ~~r to a written waive~ by I.ender. Borrower shail pay
to Lender on Ihe day monlhly installments ot pri~cipal and in~crc~l arr payable unde~ the Note, until tAe Note is paid in tull,
s tum (herein "Fund~") equal to one-tweltth af the yearl~ ta~-~~ anJ assessments which may attsin priority ove~ ~his
Mo~~e. and 6round renta on the Pmperty, if any, plus one-~wel(~h of yea~ly prcmium installments for huard insurance.
plus one•twelfth of yearly premium installments tor mortgage insurance, it aoy, all as ressc~nably estimated initially ~nd from
time to time by Lender on the buis of asses~mcnls and hills and rtasonable atimala thereo(.
'lhe Funds shall be held in an insti~ution ~he depoats or accounts ot which are insured o~ guaranteed by a Federal or
stata agency (includiog Lender it l~nder is such an inslitutionl. I.ender ahall apply the Funds to pay said laxa, asseume~ts.
iruurance premiums and ground rcnts 1 e~der may no~ charge to~ so holding and ap~+lying the F~~ndc. analyting said account.
or verityin~ and compling said asscssments and billa, unless l.ender paya Borrower iMerest on the Funds and applicable law
permits Lender to make such a charge. Bc~rrower ar~d l.ender may agree io writing at ~he time o( execution o[ this
Mortaage that interat on the Funds shall be paid. to Bor~ower, and unlas such agreemen~ is made or applicable law
rcquira such intetat to be paid. Lender shall not be rcquired ta pay Borrower any interest or earnings on the Fuods. !_ende~
shall ~ive to Borrower, without charge, an annuat accounting of Ihe Funds showing credits and debits to the Funds and the
purpose for which each debit to tht Funds was made. The Funds are pleclged as addilional cecurity tor ihe sums secured
by this Mortaaae.
If the amount o[ the Funds held by Lender, toge~her with Ihe future monthly installments of Funds payable prior to
t6e due data of ~axa, ass~ssments. insurance prcmiums and ground rents, shall exceed the amount ~c~uircd to pay said taxes,
asset~ments, insurance prcmiums and grou~d re~ts as they (all due, such excess shall be, at Borrower's op~~on, either
promptly rcpaid to Borrower or credited to Borrower on mon~hly ins~allments of Funds. If the amount of the Funds
held by Lender shall not be sulficieot to pay tua, assessments, insurance prcmiums and ground rents u they (all due,
Borrowier shall pay to l.ender any amount necessary to make up ~he deficiency within 30 days trom the dat~ notice is mailed
by Lender to Borrower requating payment thereof.
Upon paymeat in full of all sums securcd by this Mor~gage. I.cnder ahall promptly tetund lo Borrower any Funds
held by Lender. If under paragraph 18 hercof the Propehy ~~ sold or ~he Property ~s otherwise acqu~rcd by l_ender, l.enckr
s6d1 apply, no later than immediately prior to the sale of the Property or its acquisaian by Lender, any Funds held bv
I.eoder at the time of application u a credit against ~he sums secured by this Mortgage.
3. Applic~tio~ ot Paymeots. Unless applicable law provides otherwise, all payments received by Lender unJer the
Note and paragraphs 1 and 2 hcreof shall be applied by 1_enJer 6rst in payment o( amouots payable to l.ender by Borrower
under puagraph 2 heroof, then to interest payable on the Nwe, then to the principal of the Note, and then to interest and
pnncipal on any Future Advances.
1. Cbartes; Lieas. Borrower ~hall pay aU ~a~rc. atisccsmcnts and othcr charge~, fines and imp~niUons attnbutable to
the Property which may attain a priority over thic Mortgage, and leax:hold paymems or ground rtnts, if any, in the manner
provided under paragraph 2 hereot or, tf not pa~d m cuch manner, by Bormwer making payment, when due, direcdy to the
payae theroof. Borrower shall promptly furmsh to Lender all not~ces of amounts due under th~s paragraph, and in ~he event
Borrower shall make payment direcUy. Burrow•cr tihall promp~ly (urm~h ta I_enJer receipts evidenemg such payments.
Borrower shall promptly discharge any licn which has pnonty i~ver thn Mortgage: provided, that Borrower shall not be
required to d~xharge any such lien so long as Barrower tihall agrce in wn~mg t~• thc payment ~f the obligatiun sccured by
such lien ia a manner acceptable to Lender, or sh•rll m g~xx1 fauh cunte.~ such lien by, or defend enforcemen~ ot surh lien in,
legal proctedmgs which operate to prevent ~he enf~~rcement ot ~hr I~en or forfeiture of the Property or any part thereof.
S. Huard Inwrawee. Borrowec shall keep the ~mprovement. now et~~t~ng ur hereafter erected on the Pmperty insured
against loss by fire. hazards included wilhm ~he term °r~tended cmerage". a:~~+. such o~her hazardc as I.ender may reyuire
and in such amounu and for such periods ac 1_ender may reyuire; pmvideJ. that LenJer shatl not rcyuirc that the amount of
such coverage eiceed that amount of coverage reqwred ~o pay the tumc ~ecured ~by ~his MortgaRe.
't~e ~nsurance carrier providing Ihe insurance shalt be rhosen by Borrower subject to approval by Lender, provided,
that such approval shall not be unreasonably withheld. All premium~ on insurance policies thall be paid in the manner
provided under paragraph 2 hereof ur, d not pa~d in ~uch manner, by Borrower mak~ng paymenl, when due, directly to the
insurance carrier.
Ali insurance Ewhr~e~ and renewals thereot shall he ~n form Jl'Cl'F11JbIC to LenJer and sh•rll ~nclude a stanJard morlgage
clauu in favor of and in (orm acceptable Io Lender. I.ender tihall have the right to hold ~hr policies :~nd renev~als ~hereof,
and Borrower shal! prompN~• furo~sh to Lender aU renewrl noti,es and all recripts o[ paid premiumc. In the event of losc,
Borrower shall grve pre~mpt notice ro the insurance carner rnJ Lender. I.endrr may mal.e pnx.t o( lois if not made pmmptly
by Borrower.
Unless Lender and Borrower othen~-~~e agrce in wnting, imurance pnxeeJc shall be applied to restoration or repeir af
tht Property damaged,- provided such re~toraUun or repa~r is rcunumically tcasible and Ihe ucurity of th~s Mortgage :4
not Ihereby impaired. It such retitar:~tiun or repa~r is n~.t rrunumic~ll}~ fcasihlr or ~( ~he ucunty of this Mortgage wouW
be ~mpa~red, the insurance proceeJs shall be applied tu the sums securec! by th~ti Mottgage, wilh the excess, if an}~, pa~d
to Borrower. It thc Propers} is :~handoned b~• Burruwer, ur il Borrower fail~ to res~nd to I.ender withm 3U days (rom Ihe
date noUce is mailed by~ l.enJer to Borrower tha~ the ~n~uran~e carr~er otTen to te~lle a claim for insurance benefits, Lender
is authorized tu collect and apply the insurance pre~ceed~ at Lendrr's aphon either to reslor~t~on or repa~r of ihe Pr..pen~•
or to the sums secured by this ~tortgage ` _
Unless l.ender and Burruwer othen+ix agree m wntmg, any such applic:~tion ut pn-cetds to pnncipal shall no1 extend
or postpone the Jue date of the m~mthl} imlallment~ referred i~~ in paragraph~ I and 2 hcreof or change the amoun! of
such installmeots. If unJer paragraph 18 hereof the Pro f.erty „ acywreJ h1 I.cnder, ali nght, tide and m~eresl of Borrower
in and to any h~surance policies and in and ro thr pnkeeds thereof resulung fr~~m dam:~ge to ~he Property prior to thc sale
or acqwsition shall pass to Lcnder ~o thc extent ot thc ~um; ~ecure:i b~ thu ~tortgagc imniediately prior to wch. sate or
acqu~sition.
6. Presenalion ~nd 11~iotcnance of i'ropert~: I.eauhulds; ('ondominiums; Planned Uni! DevelopmeMs. Bi•rrowcr
shall keep thc Property in gaxi repair and shall not comroit Kaste ~~r perm~t ~mpa~rment or deteriorahon of the Property
and shall comply with the provis~ons of any Iease ~f th~; Mc~r~g.~ge ~~ ,~n ~ leasrh~~ld. If thi~ Mortgage is on a un~( ~n a
condomin~um or a planned umt devcluPmem, Borrower ~h:ill ~xrfurm all ot Borrower's i-bbg~tions under thr dcctara~it•n
or covenants creating ur govermng Ihe cond~~mimum or plannrd unit developme~t, the by-laws and regulation~ ~f the
condominium or planned unit Jevcl~pment. .md c~-mtitucnt ~kkumcm. I( ~ rvn~lominium or planned un~t Je~cl~pment
nJer ~s executed by Borruwer and rerorded t~~ge~her with thi~ M~~rlKage, the rnvenants and agreements c~f ~uch rider
shall be :ncorporated ~nto and shal) emend anJ wpplrment Ih~ cu.cnanl~ anJ agreemrnts of Ihi~ Mnrtgage as i( the n~er
were a par[ t~ereof.
7. Protation ut I.enders Securfty. I( B~+rr~~HCr I,ul. t~~ ~xrt~~r~n Ihe covenai~lti anJ c~greements r~mt:+~ned ~n this
Mortgagr, ur if any acUOn ~~r procccd~ng i~ ~~~mmrnic~l uhi~ii malrrialh afTrct~ 1 cnder'~ intcrc~t in lhc Pn~Fxrt~~.
mcludmg. hut n„~ Lmilcd tu. cm~nent domam. im~~l~cn~}., ~~Klr rnluncmrnt. ~~r arranF~mcm~ ur pr~xccdings in~~~l~ing a
bankrupt or decedent, then I ender at I enJer', ~~ption, u~~n ni~UCC ui H~rruwer. me~ m:~ke Such ap~arance~. ~~+hunr tiuch
sums anJ takc such acuun a~ ~s nccc«ary t~~ pr~~tc.~ Lcndcr'. ~mrrc~t. ~nclrnhn~ but ni~t I~mncd t~-. ~itiburscmc~t ~~(
reasonahle attorne}~'~ fcc~ and rniry u~~n thc Pmpcr~t t~, m.~{,r rc~+.ur. (t Lcndrr rcyiiirc.l m~~rtgage in~urance at a
cundrtion oi rnaking thc I~~an ucurc~l by th~~ ~1ung.~gc. B~,n~••..cr 5h ~11 ~.e~ thr pr~miuim rcyuireil i~~ maiiit.~~n wch
~nsuranc~ in cffccl until tiuch timc a~ thc rcyinrrrncn~ fur tiu~h in.ur~n;r Irrminatr~ ~n .~r~ordancc Hiih B~.rruwrr', and
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