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UNirc>xr~ Cc~vt.~.~Nra. [3~~rru~+cr and I.end~r covtnant and agree asT61t~~:
l. Payment uf Principal ~ud lnlerest. kiorrower shall promptl~~ pap when due the principal o! and interest un tht
indebtedness e~idenced by the Notr, prepayment and late charges ~c pruvided ro the Nate, artd the prineipal uf and inttcest
on any Future Adtance~ serurod b~~ this ~lortgage.
2. Fund~ for Tazes s~nd Insurance. Subject to spplicable law or to a written waiver by L.ender, Borrow~er shall pay
to Ltnder on the day monthiy in~taliments of principal and interest arc payable under the Note, un:il the Note is paid in full,
a sum (he~ein "Funds") equal to one-t~elfth of the yearly taxes and asussments which may altain priority over tttis
I~fortgage, and ground rents on the Pmperty, if any, plus one-twelfth of yearly premium ins~allments for hazard insurance,
plus one-twelfth o[ yearly prcmium instaliments for m~rtgage insurance, if any, all as reasonably estimated initially and from
time to time b}' t_cnder on the ba,i~ of a~sessmen~s :+nd bilts and reasonable estimates thereof.
The F~mds ;hall he he;d in an instituti~n the dep.xits ur ac~ounts ot which are insured or guarantctci by a Fcderal or
state agency ~ iniluding 1 crder ~f Lei~der is such an institutionj. 1 ender shall apply the Funds to pay said taxes, assessments,
insurance premi.in;s and ground rrnts 1_ender map n~~t charge for ~o hulding and applying the Funds, analyzing said account,
or ve~ifying and com~iiin~ said assessments and bills, unless Lender ~ys Borrower interest on tht Funds and applicable law
permits Lender t~~ make .~uh a charge. B.~rrawer and 1.enJer may agree in writing at the time ef execulion of this
Mortgage that interrst ~~n the Funds shafl he paid to Borrt~wer, and uniess such agreement is made ~r applicable law
requires such inrerest to he paiJ, Lender shall not bc reyuir~d tc~ pa~• Burri~wer ;,ny interest ~~r earnings on the Funds. Lender
shall give to BOffON'('f, Nllt]OUI charge, an annual accounting of 1he I=unds show-ing cred~ts and debits to the Funds and the
~ purpos~ for whi~h esch debit to the Funds W~as lnade. The Funds are pledged as additional securit}• for the sums secured
by this Alortgagc.
If the amoLnt ~~f thc Funds held bp Lender, together w•ith the future monthly installments of Funds payabte prior to
, the due dates of taxes, as,essment~, fnsurance premiums and ground rents, ahall exceed the amount required to pa}~ said taues,
assessments, insurance ~remium5.and ground rents as they fall due, such excess shall be, at B~rrower's option, either
promptl~~ repaid ~u Borru~~er or cred~ied to Borrow~er on monthly installments of Funds. If tfie amount of the Funds
hcld by Lender ~halt n.~t be sufficieni to pa} taxes, assessments, insurancc premiums and ground rents as they fall due,
Horrower shatl pa~~ to C.cnde: an~ amc~unt necessar~• to make up the de.Ficiency within 30 da}s from the date notice is mailed
by Lender to Borrower reyucsting payment thereof.
lipon p:i~mcnt in iull ~~f al! sums sccured bp th~s RtortRagc, Lcndcr shall promptty refun~ to BorroNer any Funds
held by Len~le~. !f under para~raFh I~ herei~f the Propeny is s~~ld ur the Propert~ is othen~~i.c acquired b~• l.ender, Lender
shall apply, n~~ later than ~mmediatcl~ ~rior ta thc sale uf the Pr~~pert~~ +.~r in acqwsition h}~ t.ender, any Funds held by
Lender at the time uf application a~ a credit against the sums secured b~• thi. titortgage.
3. Applicaiion of Pa)mrnts. t;nl~.~ applicahlr law prvvi~ies ntheruise. all payments recejved by I.ender under the
I~ote :,nd p:~r.,tir.t~h. 1 and ~ hem.~f ~h~l~ ts+: appLed b~~ Lrndrr fint in ~,a;nient c,f am~~unts pa}~ble t.: Lcnd~r by Borrower
under para~ra; h' here~~f. tnen w intrre~t ~.s}ahle on ihe tiu~e, thcn tn thr priacipal of ihe Note, .in~1 then to interest and
pr~ncip3l :~it an} Futut~ Ad•.a~~e;.
('har~es; Ciei~s. H~,rr:~•.<<r ~11alt ~~ay a11 tatec, :,~,ec5men,s and other chargrc, fines and imp.Tsi[ic~ns attnbutable to
the Proper.} ~.~hi,i~ mar .j~~,,ir a~~n~~rit} ~~~cr thi> 1Sortgagc, and leatiehold paymcnt; e~r ~round rents, if an}, in the manner
pro~ieled und~•c ~~.~~e~r.tnn hereoi ~zr. ~f n.~t pa~d in ,~zch manncr. h. B~~rmwc~ making payment, uhen due. direcdy to the
pa;ee the;er; Unrr~~~+tr ~h~;; pC~}RI~~I)' fU(T1nI1 t~~ I.en~ier aU n<~t~:~s .~f :~mei~nts duc iinder this paragraph, and in th~ e~•ent
Bor,-ower th.:!~ n~~t,~ p;,~.;;~~•~;! ~1;:~,t;~, H~~rrc~.+t~r ~halt nr~~mpti} l~irm,h ta l.~nder rereipls c~.iJ~n~ing such payments.
Borro;+cr shalE p~ompti} ~1~:,h.i~g~ ar,}' li~n ~.h~cn has pr,onty ~~~rr th~s ti1~~rtgagr, prov~Je~, that Borrower shsll not be
requ~red to u~scharRc an} lirn u, long ~,s Borrower shall :agre~ in ur~tinb to t~e pa}ment of ihc i~bligati..n secured b}'
such lien in s m:~nner acce, [a~:e tu LLnder, or shal! in e~x~d faith r~~nt~~t such iien hy, r~r defend enforcement of such lien in,
legal pro~eediag, wnich up.rste prevcnt the enfurcernent of the lic;i i~r forf~iture of ihe E'ruperty ot any part thereuf.
S. Naza~d fnsurance. tso~ruwer sh:~lt }.cep the im~ra:~n~ent. nc~u r~iu~rg or hercafter crcctc~l un th~ Pmperty insured
, against hy~ f•.re. h~..a~;cil ir,luJru ~~ithin.the term 'e~tendr,f ~uvcrage'~, ancl such e~ther hazard~ as Lend.r may reyuire
snil in such sm:~:,c„~ ;tnel }•~r ~u_h penuJ, a~ Lcnder rna~ reyuir~. rr.~?tded, that L~n~ler ,hall not require tha! the amou~t of
~uCh LC~~C~3Y.C e~:e~d th.:', sRt~~L(~f ~~~:crage (CC]l1~fC(~ i~~ pd} thC ~:!111~ ;cc?~red h~~ this :~lortgagc.
The insuran~e ~ arn.r ~ roti~idink thc insuranre chall be ,;hu;en hy Borro.~cr subject t~ approval by Lender; provided.
~ tha! su,h a~t ru~ai •,1ia!I s;~~t be .:nrca~.~nahl}' withheld. .a!i prc~nium~ on insurance poGci_s shall be paid ~r~ the ntanner
pro~ ~~ied t~r,dcr par.~gra~n ' t~ecr.~t ur. if not ~:iid in surn r.ianncr, h: Burr.~uer mak:ng pa} ment, when due, ci~rectlp to the
~ lnsur.tn.e .arr:er
I A~! in,uran,:• ~_~?;~.e~ :~r,..? ;~;~~~,ti.,;, thcrr~~f .hall h~ i~ ;«rni a~~eF~~eh(e to t_enJer anJ shal! ~ncludr ~tanclard morlgage
~ ciausr ;n f~~c~~ <~r..i :r :.;m ,,~:~r~~a`:k t~~ I.ri:cler. t.e~~der ,hnfl ha~~ the right !c~ h.sld the p~~li:~~s a;;c~ rrneHa{~ thercof,
an:i A: rr.~~.+r; ,.:.:;:,}:t~; i_.r:;;sh tr I_en~rr aii renr~el nc~ti;es :sn~ 311 rcceipts of naid premii:m. (n the e~•ent of ioss,
~ Borr.'.~er sh.+l: gi~~ pr~~r;t,t iiut~.~ ~he insurance carr~er an~ Len~er. Lendrr ma~ make pra~f of loss ti not made prumptl}•
€ c~ Bu;;~~HCr. "~;;flatic:~ yuard" endorse:r.ent or its equivalent is required.
~ ~.:'.~i~S ~.C:~.iC" ~~~:u Bt~f:~~".~C( ~~i};::N;.~ ekTCC' It+ ufllitlL. IT1SUfdfl~c; ~it~CC2LS Sh3~~ bC d~(1~tC~ l0 fCS:Uf:i:t0f1 .,r rep:i{f Of
{ [}lt t'i.~~ il,i:^.;.s~ T:~~~~.~;.,_.~ ',~,~h !~~,O:ati:~n .~i fC~.i~f IS ~C.'r1~~fT11~:1~~~' ll':15ih~C 3fld lflf se.u~ity ~~f 1~115 Mortgage IS
not !::e,eh~ srnp:;~rc.± ,~.:_i~ r.•;~~r.st:,~n ar eevs~r << r.~}t ~~„nr,m+~.,ii~ f~a.ih:r ur i( ~he ,ecurit} of th~s ~tor[gage wc~uld
be :mpa~re.;. ti~~ ~n,;,::~:~cr r;<~ec.±, ~h:,ll be :sppti~~ tu ~nr ~,ms ,e~ur~J h~ this ~ie~rtg.~ge. with the e.+~ce,s. if any~. paid
to B.~:ri~',+rr 1: t'r.~~ P::.:~t;. .,`~,end,,•,ed h; B.~~r,~wc:r. E3orre~;~cr f~ii~ t~~ tes~nil t~ 1_erider u~i[hin 30 da~s from the
~1atc :~~~t:.r r; ,~:l:~;f i•~. i en~t~r r~~ fse.rri~uer thst thr in,uran:e carricr t~iter~ t~ ~ett!e a claim for insurance benefits, Lender
iz .:uthu; irc•d z::~ ~a!;r~-; .,:~u ~he in,i:;ance procee~i, ~t l.en~cr's opu~~n cither to restor~~~on or repair of the Property
or to the ,wzz, ,c~u~e~'. it±~~ ~t,,:teagc.
l;nl~„ l.cn~~r aad B~~:r.~Htr :..;F~.~H.x ~gre~ :n Nntinb. an} su:h ,~pplicatien of pru=teds to pnncipal shail not extend
or rosip.~nr tt:e :i:;r ~i.,:~ ~~t t`:e r.:.:nthh ~n•,ta:l~n~nt. rcfirr~d ti~ :n paregraphs i an.f ? hercof or change the amount of ~
wch ir~,~;~f'r._~n?~ u:~~.:~r ^ar.,~;nE~.'r: h~.e~~f thc Pro~r~~ ~s a~yuirr~i b~ I_cnder, aii nght, title and interest of Borrower
:n snd t.~ ~r..:.,r.,r:.: p;,;,~:t. :,;;J ;~i :sr.~! tc~ the pr~~.~c~f. ~hcre~~f rr;ulting from ~a~zage to the Propertv prior to the sale
or acyu~~~tle~~ >i:.:;( l.cr.:~~r rt~; ~t:erzt c>f thc ~um, ~ecureJ h~ this ~torigage immed~atcly ~ri~r~to sucE~ sale or
acquisitiu~. ~
6. Preser?atiuo and ~iaiutr~~ancc of Propert~: Leasrhulds: C ondominiums; Planned t~nit De~elopments. Barrow•er
5ha1! kcep the Fn•~crtc in Er.~ci rt1~:t~r a~ici .hall not commtt wa:te :~r perm~t ~mpairment or deteriorauon of the Pro}~ert}'
and sh~ll .:~;~;~~i~ ~.~it'r~ ~>::~:;~:,~i~~ uf am lease if th~s 11,,r,eagc ~~n ;rasehold. If thi~ ilurtga~e ~s on a unit in a
con.fumi~:.~:; i~,.~ }.1.~~:r,c~ ~ir~.~':~~pn?ent. Borrcuer ~hafl ~eiiurm all ef Borrower's ohligauons under the declarauon
or cc~~•en.:r:~~ _rr.~t;r~g ~h< <;~nd.,m:rit,m ur pi.inn:el un~t de~ci~~pment. the b}-laus and regulatiunc of the
i0[1tJV(I11~~URl ~~i nl~(1S:C.~ ~II:I< <~~-~:c1U~f17C:t(. ,:tt(~ cvmi~icicnt I~OtiUfiiCll(S. :i COR~OfT11f1~U[ll O( planncd !If1lI ~ie~~clopment
nder i5 e;ecute~ h~ Be~rn~~~e: snc! rrcurded s~~bethcr tiith th~t Martgage, ihe eo~en.,nts a~d agreements of such nder
shall be !n.orpurdtc:i :;2t~ ..ln~l ~t~.,il :tm;rid arj~l ~upplentent the ~o~~nants ancl agrc~m~~zts of th+s M~7rtgage as if the ri~er
:~ere a paR h~reof.
~ 7. Proiectir~n uf Lender'~ ~cunfr. B~~rr,~wer failt t~ perfE~rm the coven.~nts :~nJ .ecreemenu contatned in this
~ :~ie.tgagr, rr if iny .,~t:~~n : r ~r~~~.~cJinR comm~nce~i uh~ch materially~ afi~;:is I.cn~ier's interest in the Property.
~ in:lud~rg. h~it nt~t i:n:~~cd t<<. err;n~;~t doria~n. in.ol~en.~. :ude ent,~rcemcn~. or arr:,ngrnzcntc c~r pr:keedings invol~~ing a
bankrupt or d~ceu~:~t 'hr;: 1..,;~ier at t~;i~ier'S o~:tie~n, u~_~n n~~t~ce Anr.ower, :n~~ m.ik~ Such appesrances, dist,urse sueh
SUR1S aTl3 ~J~C ~:il(' <..'i•-~~ .1~ IS (lt~c".~3C'i I(~ PfUICC( ~.C'fl(~Yf S I(llCfl'SL ItiCIUlllilk. F1i11 T1~~I Gm~~ed (O, d~sburaement Of
fC:tSOi13~.1t7 d'.:.l:it2\~: .~::ij :;.t~, i:(~:`ti tt;C pft~PCfi~' 1~' R1;fh:r_ fC~eif.. ~f ~_Cf~CjC: reyuirea mortgage I(15Ufdf1CC 3S d
~ ~on~i~uc~n of m.~;~~g th. s:i ,~.iuet! h~ thFt ~t.~rtg.~Ke, B~~rrc~µer shal! pa}~ ;he prcmiums required to maintain such
~nsurance in efiect ::nt~i tcn;~ ~i~c rryuircment for such imura~ce term~nate~ in accordance w~ith Berr~~wer's and
` y~ ~rr. _ ~ ~ pg. f~ ti'1 L
i . ~ = - ~ - - - ~ 600f~ t~ ?AGE
.