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UNIFURI-1 ('o~~th~NTS. ~3o~ruv-~er anJ Lcmirr cuvenan~ and agrre a• f~~lluws:
1. Payment of Principal and Inttrest. Ni~rru~er shall pr~~mpily p•ry when due the principal c~f anJ mteres~ un ~he
indeMedncss evidcnc~d hy thc Notc, prcp3yment and latc chargc+ a. pruv~ded ~n thc Note, rnd the ~rincipal ~~f and inlerest
on any Futurc Advancr~ cecurtJ by thic Mortgagc.
2. Fundc tor T~~[es and Insurnnce. Subject to applicable law or to a written waiver by I.ende~, Barrower shall pay
to t_enJer on ~hc Jay monlhly inctallments of principal and intcre~t arc payable unJcr Ihc Notc, -~ntil the Notc is paid in lull,
a sum (hercin "Funds") cqual to onc-tw~clfth of ~hc yearly tarr~ rnd :~c~rccmcnts which may auain pri~~riry ovcr thic
Mortgage, an~l ground rents on Ihe Properly, if any, plus cme-~wel(th o( ycarly premium installments for hazard insurance.
plus unc-twclhh of ycarly premium installments (or morlgagc insurancr, it any, all as rcasonably ettimated initially a~J trom
time to time hy I_ender on thc basi~ of •r~sessmenls and hi11s and rertionablc estimates thereof.
The Funds shall he heW in an instuutiun ~he deEx~sits or accounts ~~f which are insurecl or guaranteed hy a FeJeral or
state agencp lincluding l.ender if I.ender i~ such an ins~itution). Lender ~hall apply the Funds to p~y ~aid taxes, a~sessments,
insurance premiums and ground rrnts. I.ender may nol charge tc~r ~~~ holding and applying the Funds, analyzing said account.
or veritying and compiling saiJ a~.se»ments and hills, unles~ t_ender pa}s Barrower ~nterest on the Funds and applicable law
permits Lender ~u make such a charge. B~~rrower and Lender may agree in wri~ing at the time of execution ot this
Mortgage Ihat interest un the Funds shall t~e paiJ to Bormwer, anJ unless such agrcement i~ made or applicahle law
reyuires such interest to be paid, Lender shall not hc rcyuirrd t~~ pa}• B~~rrower any intrrest or carnings on the Funds. l_cnder
shall give to Horrrnver, w~ithout charge, an annual accuunting of the Fundc shovving credi~s and debits to the Fundt and the
purpo~e (ar which each dehi~ to the FunJs w~a~ ntaJe. The Fund~ are plrJged a~ additiunal ~ecunty for the sums secureJ
hy this lUartg~ge•
1f Ihe amount of the Funds held hy I.e~Jer, togcther Hith ~he fuwre monthly~ in~tallments of Fund~ pa}~ablc prior to
the due dates of t•rxes, assesaments, insurance premium~ and gmund rems, shall exceed the amount reyuircd to pa~~ said ta~es,
assessment~. insurance premiums and ground rentc a~ thcy fall due, such erceti~ tihall be, at Borrower't op~ion, e~ther
promptly repaid to Borrower or credited t~~ Borru~~er on monthly imtallmenls of Fund+. If the amount of the f=unds
held by Le~der shall not be sufficient to pay taxes, assessments, intiurancr premium. and ground rentc ac they fall due.
Borrower shall pay to Lender any amount nece~sar~ to make up ~he Jefiricncy~ w~lhin 30 da~•~ frc~m the date n~~tice is mailed
by Lender to Borrower reyuesting paymcnt thereof.
Upon payment in full of all sums sccured by tM~ Mortgagr. Lcnder shall prompUy rcfund to Borrower any Funds
held hy Lcnder. If under paragraph 1R hereof the Property~ n~ald or ~hc Propcr~y is otherw~isc aryuired by I.ender, Lcnder
shall apply, no later than immediatcly prior ~o the sale uf the Pruperty or its acquisi~ion by l.ender, anp f=undc hel~l by
Lender at thc t~me ot appliration as a crrdit against ~he sum~ secured b~- this Mortgage.
3. Applic~tion of Payments. Unlcss appl~cablc law• pro~~i~lcs otherwiu, all payments rcrcived by Lcndcr unJcr the
Note and paragraph~ 1 and 2 hereo( ~hall be appl~rd by Lcndcr fir~t ~n pa~•me~t af amuunts payahle to I.cndcr by Borrc.v-er
undcr paragraph 2 hereof, then to intrretit payablc on thc Not~, thcn to thc principal of the No~c, and thcn to interest and
principal on any Future Advances. -
4. CharRes; Liens. Borrowcr ~hall pay all ta~cti, a~u~timrnts and othrr chargeti, finec ~nd ~m~~titions aUnbulable ta
the Property which may attain a priority over this Mortgage, and leaschold p:~yments c.r ground rents, if any, in the manner
proviJed under paragraph 2'hereof or, if not paid in tuch manner. by Borrower making payment, when due. directly to the
payee ~hereof. Borrower shall promptly furnssh to I.ender all n~tices of amounts due under this paragraph, and in the evtnt
Borrower shall make payment directl}. Borruwer ~hall prompNy (urnish to I.rnder receipts evidencmg such payments.
Borrower shall promptly discharge any licn Hhich has ~~~o~~~y uver thiti Mortgage: pruv~dcd, that Bc.rrower ~hall not be
reqwred to discharge ~ny surh licn x~ long ~s Borroucr shall agrec in wnUng tc. the pa}ment o( thc obligati<~n secured b}'
such lien in a manner acc~ptable to Lender, ur tihall in gexxl faith conte~t such lirn hy, or defenJ enforcement ~.f such lien in.
legal proceedings which operate to prevent the enforrement o( the I~en ~.r forfe~tur~ .c~f the Propert~~ or any part thereof.
S. Haz~rd lnsurance. Borrow~er shall keep the impro~cment~ n~,N r~iu~ng ~~r hercafter erecied on the Pr~~perty insured
abainst loss by firc, hazards included withm the term "«tende~l covrrage", and such other hazard~ as Lender may~ rey~nre
and in such •rmounts and for such pcriods a~ Lcndcr may rcyuirc; pm~•idcd, that LcnJcr shall not rcquire that thc am~~unt of
such coverage exce~d that amount of co~erage reywred to pa~• the ~um~ seeured by this Morlgage.
The insurance carrier providing the insurance ~hall be chr~en ny~ Borrower subject to appro~•al by l.ender; prov~ded,
that such approval shall not be-mrea~onahl}~ wilhheld. All prcmiumt un insurance policies shall t~ paiJ in the manner
provided under paragraph 2 hereof or, if not paid in such manner, by Borrower mak~ng payment, w•hen due, directly to the
inwrance carrier.
Ail insurance policieti and reneNals thereof shall be in form .~rcc~t.~ble to I.en~ier and shall ~nrlude a~tandard mortgage
clause ~n favor of and in form acreptable ~o l.ender. I.ender thall ha~e the right to hold the policies and renekak thereof.
and Borrower sh:+ll promptly furnish to Lendcr a!I renewal not~ces as~d al! receipts of paid premium~. In the e~•cnt of I~~c,
Borrower ~hal! g~ve prompt noUce to the imurance carnrr .ind Len~ler. I.en.icr ms} makr pnx~t of loss if not made promptl}
by Burrower.
Unless l.enJer ~nd Borrower otherov,c agree in Hnting, imurance pnxecJ~ shall bc applied to rest~~r.~tian ~~r repair of
the Propetty d~m~ged, pruvuleJ such resloraUon or repair is ea~n~~n:~~ally feasiMr and the Security of th~ti Aiottgage ~~
not thereby impaired. If such retitoraUon or repair is nrt rcon~~m~cally frasihle or if the secunty of th~s M~rtg~ge would
be imPa~red, the insurance proceeds shall be :~pplieJ to the ~ums ~ecure.i by this Mortgage. N~th the ercecs, if any, pa~d
to Borruwer. If the Propertc is ah•rndi~ned h} l3orr~iN•er, ~~r it Horn,wcr fa:{~ h~ resFxmd to Lendcr within 30 da}~ tmm the
Jate notice is mailed by Lender to Borrower that ~he insuranre c:ur~cr e~tien te~ ~ettle a cla~m for ~murance benefits, Lender
~+ ~utho~ized ta collect and apply the insurance proceeds at Len~ier'~ upti~~n e~ther to restorrtion or repair of ihe Propen)~
ur to the surrs ,crured by this Mortgagc.
Unless Lender and Borruwer i~then+iu agree in wr~Ung. am ti~ich application ~~f pn.ceeds to pnncipal tihall not ertenJ
or pustpone the due date ~~f the mi~~thl}~ imtallmentt referred t~~ ~n paragraph~ 1 and 2 hereof or change the amc~unt o(
surh inslaUments. It under paragr~ph I8 hereof the Prupert} ~, acyuircJ h~ 1_cndcr, ali nght, title and interest ot Bormwer
m and to any inaurance pol~cies and in and to thr prue:eed~ thcreuf resulung fmm dam:~ge to the Propeny pn~~r to the sale
or acyui~rtion ~hall pass to Lender to the c~tent uf the wm> >ecure~ h} thi~ 11e~rtgag~ immediatel}~ prior t~• u~ch sale or
acyuisition.
6. Prcser~alion and ~laintenance of Propert~; I.eaceholds, ('ondominium~; Planned l:nil De~~elopmcnts. Borro«cr
shall keep the Propeny in gcxxi rcp~ir and shall not commit wa~tc or permit imp:+irment or deterioration of thc Property~
and shall comply~ with the provisions of any lease ~f thiti M~~rcg:~gc i~ ~m :~ Ieaseh«Id. If ~hi> >fortgagr it i~n a unit m a
~onJominium or a planncd unit Jcticlupmcnt. Borru..cr tihail Exrf~~rm ~II u( Borrowcrs c+bliganons undcr thc dcclarati~m
or covenants crcaUng or gavcrmnb thr condominium ~~r rlanncd unn dc~~rlc~pm~nt, thc by-law~ and re~:i~lati~»ic of thc
conJuminium or planned unit development. :md a~nstiti~ent d~kumrnt~. If :, cunJaminium or pl~nned nnit ~e:cl~~rment
r~.ler ~s e.retuted by Borrouer ard re.o~ded t:agesher w~th th~~, :1l::rtgagc. thr co~•ensnts ar.d agreement+ cTf s;:ch r::tcs
shall be incorporated into and shall amend :~nJ wpplrment the r~~~enan~~ an~l agreements of thi~ ~lortgage a~ ~( thc ri~irr
Nere a part hereof.
'7. Prolection of Lenders Security. 1( Bnrr~~wer f~il~ ~~~ Fnrfurm the crnenam~ and a~;reements r~~nlained in Ihi~
Mortgage, or if any achon ~~r proceeding i~ ci~mmrncr.i ~h~rh matrrially atTect~ Len~er'ti ~ntere~t in the Pm~rt~.
incluJing. hut n~.t I~m~te~ lo. em~nent domain, intic~henc~. cixlr enturicmrnt, c~r a~rangement~ or pn.ceedings ~nvol.ing a
bankrupt or de~edent, then Lender at I_ender'. optiun, upem n~~tice t~~ Horrc~wer, ma) m:ike wch appearancei. ~uhur~e ~uch
sums and take such artion a~ is nece~~ar} t~~ pmtect Lender'~ intere~t, including, hut not limited tc., di~hursement i~f
reasonahle al~ome}~'s fces and en~ry up~~n thc Pre~per~~ tcr makc repair~. If I.ender reyuircd mortgage inwranLe as a
condrtion of mak~ng thc loan w:curr~l h~ thi~ !11~,rtgagc. Ii~~rn~HCr sh:~ll ~a}• thc ~rcmiums requ~red t~ mainta~n wch
~nsurance in eHect until such time as the reyuirement for ,urh imurance Irrminate~ in accordance with Borruw~~r's and
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