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UNI~'O~p/ COVBNANTf. Borrowet and Leade- covenant and ssne u tollows:
1. ~MN e~ hie1M1 a~i i~N~af. Bortower shall prompU) paY when due tbe priecipal of and intercq on the
indebtednp~ evideoocd by the Not0. p~p~Y~~t and late charQes a.c provided in Ihe Note. and the principal ot and interest
on ~ny Futue~e Adv;ntet ~ecured by thi: Mortaa~e.
2. Fwi tor Tsaca a~i Iwnsea Subject to applicabk law ar ~o a writtan waive~ b~- Lender. Borrower shaq paY
to Lendar on the dsy monthly installmenu of principal a~d ~nt~rca arc parsbk unde~ the Note. untit the Note is paid in tull,
a twn (heain "Fund~") cqual to ooe•twelfth ot the yes~l~~ ~asca anJ assasments which may attain priority over this
Mat~aje. and ~ramd renu on the Pmperty. it any. plus one-~welfth of yeatly premium itutallments fo~ hstard inwtance.
plus o~e-tweltth of yearly premium installmenls (or monpje in:ursnce, if a~y. all ss rosso~ably estimated initially and irom
time to time by l.eodet on the basis of assa~mcnts and hilh and reasonabk estimata thereof.
71~ Funds ~hall be held. i~ an ios~ituti~~n the depas~a ot uccounts of ahich aro iosurcd o~ guaraoteed by a Fedenl ot
state a~eney (iocluding Lender if l.ende- is such ~n institutionl. 1_encier shall apply the Funds to pay said taxa. usessments.
insuranee premiums and ~ound rcnts. I.ender may nd charse Ior s~+ holdin` and applyins ~he F~~ndc. analyzin~ xaid account.
or verifyin~ and compiling ssid asses:mems and bills, unkss Lende~ pays 8onower interest on the Funds and applicable law
permits Lender to mak~ such a charge. Bortowu and l.ende~ may a~rce in writin` at the time of ezccution ot this
Mortpse that interest on the Fut~ds shall be paid to Borrowe~. and unlas such agreement is made or applicabk law
requiret st~h interest to be paid. Lender shall not be rcquircd to pay Borrower aoy intercst or earoings on the Funds. l.endcr
sha11 6ive to Borrower, without charge, an annual account~ng of the Funds showing credits and debits to the Funds and the
purpoae for which each debit to the Funds wu made. The Funds are plodged u additional security for ~he sums secured
by tAa Mortpae.
If the amount ot the Funds held by L.ender, together with the future monthly installments of Funds payabk prior to
tbe due data of taxes. aueuments. inaurance premiums and g~ound rents, shall exceed the amount required to pay said taxa.
asxatnents, in:urance premiums and ground reats as they (all due, such excess shall be, at Borrower's oplion, either
prcxnptly repaid to Borrower or credited to Barrower on monthly installments of Funds. If the amou~t o! the Funds
heW by Leader shall not be sul~icieot to pay ~ua, assessments, insurance premiums and ground rents u they fall due,
Boeto~rer shall pay to Lender any amount necessary to make up the deficieocy within 30 days t~om the date notice is mailed
by Lender to Borrower rcquesting paymen! Ihereof.
Upon paymeat i~ full of all :ums xcured by this Mortgage, t_ender shall promptly re[und to Borrower any Funds
held by Lender. lf under puagraph 18 hercot the Property i~ soid or the Property ~s othenvise acqu~red by l.ender, l.ender
s6d1 aQply. no later than immediatcly prior to the uk of tMe Propeny or its acquisit~on by Lender, any Funds held bv
I.eader at the time of application as a credit against the sums s~cured by this Mongage.
3. AppiicMioa ot Payments. Unless applicable law provida otherwise, all payments received by Lender under the
Note and paragnphs 1 and 2 hereof shall be applied by I_enJer first in payment o( amounts payable to Lender by Borrower
under puagraph 2 herco(, then to interest payable on the Note, then to the principal of the Note, and then to int~rest and
pnncipal on any Future Advances. -
~. CAar~es: Lkus. $orrower shall pay all ~axet, atsessmcnts and othcr charges. fines and impos+tions attnbutahle to
the Properly which may attain a pnority over this Morlgage, and leasehold payments or ground rcnts, if any, in the manner
provided under paragraph 2 hereo( or. ~( not paid in such manner, by Borrower making payment, when due, diroctly to the
payee thereof. Borrower shall promptly furnish to Lenckr all notices of amounts due under this paragraph, aod in the event
Borrower shall make payment d~re.:tly, Borrower shall promptly (um~sh to l.ender receipts evidencmg such payments.
Borrower shall promptly discharge any lien which hu pnor~ty over th~c Mortgage: Provid~d. Ihat Borrower shall not be
reqwred to diuharge any such lien so long as Borrower shall ag~ee in wnt~ng tc. the pa}ment ot the obligatioa stcurcd by
such I~en ~n a manner acceptable ~o Lender, or ihall m gcxxl (aith conteti~ such lien by, or defenJ enforcement of such Ikn in,
legal proceedings which opera~e to prevent ~he rnfurcement of the lien or fortejture of the Property or ar-x part thercof.
S. Nazard Iacurance. Borrower shall keep the ~mprovemems now eaisting or hereatter e~ected on the Property insured
against loss hy firc, hazard+ mcluded with~n the term "extendeJ coverage". and such other hazards as l.ender may reyu~re
and in such amuums and tor such periodc as Lender may requ~re: provided, that Lender shall not rcyuire that the amount of
such coveragr ecceed thai amount of cmerage requ~red to pay ~he sums secured ~by this Mortaa6e-
'ibe ~nsurance carner providing the insurance shall be chosen by Borrower subjtct to approval by Lender, provided,
that such approval shall nn1 be unreasonably withheld. All premiumc on insurance polic~es shall be paid in !he manner
prov~dcd under paragrapn 2 hereof or, ~f not paid in s~ch manner, by Borrower makmg payment, when due, dircctly to the
insurance carner.
All inturenre Eh~lic~e. arsJ renewals therrof shail be in form accept~ble to LenJer and shall inctude a ctandard mor~gag~
claute m favur o( and m form acceptahle to Lender_ Lender shall have thc rigM to hold ~he policies and renewalc thereof,
and Borrc~wer .h:~ll prrmptly (urn~sh ta Lender all renewal notices and all rece~pts ot paid premiums. In the event of lots.
Borrc-wer ~h.,ll g~~e pr~~mpt notice to the imurance carner and I.ender. Lender may make proe~f of loss if not made prompUy
by Rorrowcr
'Unless Leruier and Borruwer othcrw,x agrcc in wnt~ng, insurance pr~ecJs shall bc applied to rcstoration or repair of
the Properry damaged, prov~Jed w~h retitoration or repair ~s economically teasible and the security o( th~s Mortgage is
not thereby impaired. N cu~h retitoraU~n or reaair is nut econc~mically (eacible ar ~f the security of this Mortgage would
be impa~red. the ~naurance pnx:eeJs shall be applied to the sums secureJ by this Mortgage, with the excess. if any, paid
to Borruwer. It the Propert~ is ahanJoned by Borrower. or it Bormwer fa~ls to respond to 1_ender within 30 days trom the
date nohce i. ma+IcJ b} I.ender to Borruwer that ~he insurance carrier ofTen to setUe a claim for insurance benefits, I~nder
is autb~~ri~cd ta wllcct and apply the ~nwrance procteds ~t Lcndcr~s op~iun e~thcr to restorat~on or repa~r of ihe Pmpenv
or to thc wm. ~rcured h~• this Morigagc
Unlest 1~.nJer and Burr~~wer olherv~~~e egree ~n v-rihng, any cuch appfication of pre-ceeds to pnnapal shall not extend
or postpune ~he diK; date ~~f the monthly im~allmcntti .referred to ~n puagraph~ I and 2 hereof ~r change Ihe amount of
such instaltmen~s. It under paragraph 18 hereof the ProE.erty is acywred b} LenJer, aU nght, title and interest of Borrower
in and to an} tnwr~uce pul~cies and in and to the prcxeeds thereof resulung from damage to the Propeny prior to th~ sale
or acquisition ~hall pas~ ro Lender tu thc extent of the ~ums ~eeured by thu I~lortgage ~mmediately prior to such sale or
acqwsition.
S. Prescnalion and ~tainten~nce of Property: Leasehnlds: Condominiums; Planned Ut~t Developments. Borrowcr
shall Iceep the Property ~n g~wd repair and shall not cumroit y~•aste or perm~t impa~rrRent or deterioration of the Property
and shall compl~ with the provisions of any leau if ~his Mongage ic on a leacchold. If this Mortgage is on a ~mit in a
condomimum or a plruneJ un~t Jc~el~ipmen~. Borrower ~hall perform all ot Borrower's obhgations under the declarati~~n
or coveoants crea~~ng ~~r guvermng ~he c~ndom~nium or planned unit devef~~pment, the by-laws and regulation~ of the
conJominwm or planned uoit develupment. .,nJ constiwent d~kument~. If a conJominium or planned unit Jeveloprnent
nder n execu~ed by Norrower •rnd rer~rded ~~,gether w~Ih th~e M~rtgage. the covenants and agrtements of ~uch nder
shall be incorEwrateel mto end sball emend anJ supplement the co~enantc and agreements o( th~s Mortgage as i( the ri~ier
v-ere a part i-.ereof.
7. Protalion ot Lenders tiecurity. If Fi~~rr~~wer (a~l~ t~~ ~xr(orm Ihe covenant~ and agreements contained in th~s
Mor~gage. ~~r if an} action ur proceedmg n c~-mmrnce~l Nhicn maleriall}' at~ects LenJer's ~nterest in Ihe Propert}•.
including, but n:~~ hm~ted to. rm~ncnt dumain. im~~lvcnc). axlc ~nt~~rccmrnL ~~r .~rr~ngcmcntc or procccdengs involc~ng a
bankrupt ur JecedeP~. ~hrn 1 enJer at I ender'~ option, u~-n n~~tice ~u Borrowrr, ma~ make such appearances, disbur~e such
sums anJ ~aice such a~uun ~. is nece~tiary tu pmlect Lender'c ~nteresl. inchid~ng. but not limited to, d~tbursement of
reasonahtr auorney'~ Ice~_ and entry u~xm thc Propcrly to maRc repeirc. I( I.enJer rcyuircd mortgage insurance ac a
cond~Unn u( tnaking Ihc luan ucureJ hr th~~ :11~~rlg.~gc. B~~rr~:wcr sh.ill pa}' thc ptcmiums required to mainta~n such
~nsuran~c ~n rl(cct unhl tiuch timc :~~ thc nyinrcmcnt (~~r ~uch ~n;uran:c tcrm~natc~ ~n :~ccordancc v-~~th Borrowcr'~ and
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