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UNQO~M ~JOHtliAN1'i. HOfiOMet iAd ~ COYCMl1t 111d ajfEC ii ~0~~O1Ni:
1~. trq~w~t ~t leYc~l aN l~Nied. Borrower sha11 P~~W~) P~Y when due tbe ptincipal ot and inte~+eq oe the
indobtednea sv~deaoed by tbe Noto, prepayroeat snd late chanes u{+rovided in the Nqe. a~d the principsl of snd inte~est
on any Futura Adwanas secw~ed by this Mortja~. .
, E`i 1K 7'ao~N w 1~wn~ce. Subject to applicabk law ax to a vrritten wsiver by Lerder. Borro~ve~ shall paY
to I.eader on the day monthly installments ot principal and intcrccl arc payabk unde~ the Note. until the Note is paid i~ tull.
wm (Mrein "Fue~t") eqwl to a~-twelfth ot the yeari~ tax~~ and auasmeets which may atuin priorily over this
lKo~ita~e. and tround renb on tbe Pteperty. it any. ~.dus a~twelfth M yearly~ premium inttallnknts tor haurd insunnce.
Plus oo~twd[th of yea~ly ptrmium installments tor mortsaae inuinntc. ii any. dl u rcssonably estimated initially and trom
time to time by l.ender oa the basis ot assessmcnts and hills and reasonabk estimates theteoi.
• 'Ibe F1mds:halt ba heid in sn institutian the deposia o? ~ccouna of which an insur~d or auaraotad by a Federsl or
state sjency (lncludiea Lender if Lcnde~ is such an institution). I.ender shall apply the Funds to pay uid tua. ass~uments.
inwranoe premiumt and jrouod rents. I.ende~ may oot charge for so holdina and applyin= the Fu~d.c. anatyzing uid account, .
o~ verifyin~.snd complin~ said assessme~ts and bilis. unias t.eade~ pays 8omower interest on the Funds and applicible law
permits Lender to malce such a charge. Borrower aod Ler~der may agree in writina st the time of exceution ot this
Mortp,e tbat interest on the F~nds aball be paid to Borrower. and uakss such agroement is made or spplicabk law
roqui~+es wch intuat to be paid~ l.ander shall iwt bc rcquited to pay Borrower a~y interest or earniegs on the Funds. l.ender
' sbaU pva to Borrowe~~ witbout charae. an annual accounting of Ihe Fuods showina credits snd debits to the Fu~ds and the
purpose for which a~eb debit to the Funds wu madc. The Funds are pledged u additional security tor the sums socurod
by this Mortpae. • .
If tbe amount o[ the Rundt held by Lende~, together with the tutun monthly installments of Funds payabk pfior to
t6e due data of taues. assasments. i~urance premiums ~nd ground tents, shall exceed the amount rcquired to pay said taxa. -
asse~aaents, i~uanoe premiwns and Ewund rents as they fall due, such cxcas shall be. at Borrower
s optioo. either
procnptly repaid to Borrnwer or credited to Borrowe~ a+ nw~thly installments of Funds. 1[ tlie amount of the Funds
hNd M? I,ende~ shall not be wt6Cieat to pay tues, assasrt~e~ts. insurac~ce praniums and ar~und rents as they fall due.
8orm~?er absll p~y to l.ender any amouat neoessary to make up the detkiency within 30 days from the date notice is mailed
by Leader to Borrower roquestin8 P~Yment thereof.
Upon payment in fuU of all sums securcd by this Mortgage, t_ender ahsll promptly tefund to Borrower any Funds
i~eW by Leader. Ii under puagaph 18 hereof the Property ia sold or the Propeny ~s otherwis~ acquired by Lender. Lender
~baU spply, no later tl~an imaradiately prior to the sale of the PropeAy or its acquisition by Lender. any Funds held bv
I.eoder at th~ time of ipplicatioa u a credit againat the sums secured by this Mortgage.
3. Arliicatio~ ot P~prnerb. Unless applicabk law provida olherwise, atl payments receivod by Lender undtr the
Note and paragcaphs 1 and 2 heroof shall be aQplied by l.ender fint in payment of amounts payable to Lender by Bor~ower
under paraaraph 2 hereof. thert to iaterest payabk on the Note. the~ to the principal of tht Nae, and then to intercst and
principal on a~y Future Advancxs, - -
1. C~a; Lites. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributabk to
tbe Propecfy which may attain a priority orer this Mortgage. and leasehold payments or ground rcnts. if any, io the manner
prnvid~d under pars,graph 2 hereof or, if nw paid in such manner. by Borrower making payment. when due. diroctly to the
payee theteof. Borrower sball promptly furnish to Lender all notices of amounts due under this paragraph. and in ihe event
Borrower shall make payment directly. Borrower. shail promptly (umish to. L.ender rooeipts evidencing such payments.
Borrowe~ shall pcaaptly dischargt ar~y lien which hu priarity over this Mortgage; provided. that Bormwer shall not be
t+equired to discharge any such lie~ so bng as Borrower shall agn:e in wrihng to the -payment of the obligation secured by
such lien i~ a manner acoeptable to Lender. or shall in good (aith contest such lien by~ or defend enforcement of such lien in.
kgal proceedings which operate to prevent the e~iorcement of the lien or [orfeiture oE the Property or any part thereof.
, S. Amrd Insnrawea Borrower shap koep the impmvements now eaisting or hereafter erected on the Property insured
against loss by firc, hazards included within the tetm "ex~ended coverage", and such o~her hazards u Lender may require
and in such amouots and for such periods as Le~der. may rcquire; provided, that l.ender shalt not roquire that the amount of
such coverage exceed that amount of coverage rcquired to pay the sums securcd .by this Mortaaae.
'll~e inwrance curier providing tbt insurance shall be chosen by Bonower subject to approval by Lender._ provided.
thst such apQtovaf sha11 not be unreasonably withheld. All premiums on insurance policia sha11 be paid in the manner
provided under paragraph 2 hereof or, if not paid i~ such manner. by Borrower making payment. when due. dir+ectly to the
i~unnce carrier.
Aq insurance policies and renewals thertof shall be in torm acceptable to Lendet and shall include a standard mortgage
clause in favor of and in form acceptabte to Lender. Lender shall have the right to hold thc policia and renewats thereof.
and Borrower shall promptly furaish to [.ender all renewal notices and alt ceceipts of paid prem+ums. In the event of 1oss.
Borrower sha11 give prompE notice to the insurance catrier and Lender. Lender may make proof of loas if not made promptly
by Borrower.
~ Unlas Lender and Borrower otherw~se agree in writing, insurance proceMs shall be applied to rcstoration or repair of
the Propeny damaged. provided such restoration or repair is ecorromically feasible and the security of this Mortgage is
not thereby impaired. It such restotation or repair is not economically (casible ot if the security of this Mortgage would
be impaired, the insurance procceds shall be applied to the sums securcd by this Morlgage, with the eaccess. if any. paid
to Borrower. If the Propeny is abandonod by Borrower. or if Borrower fails to rapond to Lender withie 30 days from the
date notice is maiied by Lender to 8orrower that the insuranct carrier offen to setUe a claim for insurance benefits. L.ender
is ~utborized to collect and apply the insurance prooeeds at l.ender's option either to restoration or repau of the Propetty
or to t6e sums secured by this Mortgage.
Unlas Lender and Borrower othtrwise agree in writing. any such application of proceedt to priocipsl shall not extend
or postpone the due date of ihe monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
suc6 installmeots. I[ under paragraph -18 hercof ~he Property is acquired by l.ender, all right, title and intercst of Borrower
i~ and to any Auurance policies and in and to the procceds thereof resulting from damage to the Property prior to th~: sale
or acquisition shalt pass to Lender to the eatent of the sums securod by this Mortgage immediately prior io such sak or
acquiaiYan.
6. heservation and 1?taiatenance of Property; Lesselwlds; Condominiums; Plaaned UNt Devebpments. Borrower
shall keep the Propeny in good repair and shall not comro~~ ~aste or permit impairment or deterioration of the Property ~
and shall comply with the provisions of any lease i[ this Mortgage ~s on a(easchold. If this Mortgage is on a unir in a
coadominium or a planned uRit development, Borrower shall perform all of Borrower's obligations under the declaration -
or covenants creating or governing ~he condominium or planned unit develupment, the by-laws and regulations of the
condominium ot planoed unit develo~,ment, and constituent documents. It a condominium or planned unit development ~
rider is eaecuted by Botrower and recorded rogether with this Mortgage, the cavEnants and agreements of such rider
sha!! be incorporated into and shaU amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof. .
7. Protectioa o! [.eade~'s Secu~ty. If Borrow•er fa~ls m perform the covenants and agreements contained in this
Mortgage, or if any action or proceeding is commenced which materially aRec~s Lender's interest itt the Properry,
including, but nol limited to, emment domain. incolvency, code enforcement, or rrrangements or pra'~leidi~igs' inwifting a
bankrupt or deceden~, ihen t.ender at 4entier's option, upon notice to Borrower, ma}• make such appearwnces, disburse such ~
sums and lake such ~ction at is necetisary tu protect I.ender s interesl, including, but, not ~imrted . to. -disbursement of
reasonable auomey's (ecs and emry upon the Propcrly lo make rcpairc. Lender required mongage iosurance as a
co~dit~on of mak~ng the loan securcd by this Nortgage. Borrcwer sb.~ll pay ~he premiums requireJ to maintain such
insurance in eHect until such time as ~he rcquirement for tiuch insuran:e term~nates m accordance with Borrower s and
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~ . . . ~ e~K 35~`~ ~p~~~ 935 . -