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UNIFORM COVF.NANTS. BOffOWt~ :IOIJ I_COIiCf l'OVen;~ni and ;~gree a~ toll~~ws:
l. PaYmeat ot Princlpal aad IMeresl. Bor~uwer shall promptly pay when Jue ~he principal ot and interest on the
indebtedness eviJenced by ~he Note, prepaymen~ rnd I~te charbe. a. pruviJed ~n the i~ote, and the principal ot and intercst
o~ any Future Advances secured b~ ~hic Mortgage.
2. Funds to~ T~xa and Insurance. Subject ta applic•rble law or ta a writ~en waiver by I.ender, Borrower shall pay
to Ixnder an thc day monthly instrllments af prinripal anJ in~cre.t are payablc under the Note, until the Nrne is paid in (ull,
a sum Ihercin "FunJs"1 equal to une-twelfth of the yearly ~axr. and asscssmen~s which may attain priority over this
Mortgage, and ground rents on Ihe P~+aperry, if any, plus onc-~N•clflh ~~f yearly prcmium installments for hatard insurance,
plu§ ane-~wclfth of yearly prcmium installme~~s tar martgage insurancc, if any, all as rcasonably cKtimated ini~ially and (rom
time lo time hy l_endcr on thc basis of acscssmcnls and hills and reaiunablc estimatcs thereof.
The Funds shall he held in an ins~i~wion the deposits ~ir accounts of which are insured or guar~nteed by a Federal or
state ageucy lincluding Lender if I_e~der is such an ins~i~ution). Lender ~hall apply ~he Funds t~~ pay s•rid taxes, asussments,
insurance premiums and ground rents. Lender may not charge i~~r sa holding and applying the FunJs, analyzing said account,
or ve~if>•ing anJ compiliog said asscssmcnts anJ bills, unlc~s I.cnJer ~y~ Borrow•cr intcrest on thc Funds a~d applitable law
permits Lender to make such a charge. Born~wer and I.enJer may agrce in writing at the time ot execution of this
~tortgage that interest un ~he Funds shall I~e paiJ to Borruwcr, anJ unless .uch agreement is maJe or applicable law
reyuires such intercst to he p:?id, 1_enJer shall nut hc rcyuired to ~y Bc~rrowci any in~crest or carnings on the Funds. Lender
+hall gi~•e to Borrower, without char~e, an annual accounting of thc Funds .hi~wing credits a~d debits to the Fu~ds and the
purpo~e fur which raeh debit tc~ the F=uods was made. The E=und~ arr plcdgcd as adJitional security far ~he sums secureci
by this ~tartgage.
If the amount ~~f thc Funds held b~• Lender, togethcr with th~ fuwrc monthly ins~allments of Funds payablc prior to
thc due dates ~~f ~axes, as~cssments, insuranre premiums anJ grou~zd r~nts, shall e~rced the amount reyuired to pay said taxes. I
assessmcnts, insurance premiums and ground rents as ~hry fall Juc, ~unc ~xrc.s shall be, at Borrowcr's optio~, either i
promptly repaid to Borrower or creditrd tu Bormwer on munthly in.tallmcnts of Funds. !f the amount of the Funds '
held by Lcndcr shal) aot bc sulticient to pay Iaxes, assessments, imurancr prcmiums and ground rents as they fall due, ~
Borrowcr shall pay to Lender any amount necessan• to makc up ~hr J~firiency within 30 da)s lrom Ihe date notice is mailed
by Lender to B~rrower rcyuesting pa~~ment thercof.
Up~~n payment in full of all sums se~:ured by this Mongagr. I.cndrr shall pramplly refund to Bormwer any Funds
held hy Lender. lf under paragraph 18 hcrcof the Propert~• ic ~uld ur th. Pruper.~~ ~s oiherwi~e acqu~red by I.ender, I.ender
shaU apply, no later than immediatcly prior to the sale of th~ Pro~xrty or its acquisition by Lender, any ~unds helJ by
Lendcr al ~hc timc of appliration as a crcdit aga~nst ~hc sum> >ccurcd hy thu Atortgagc.
3. Application of Payme~ts. Unlc~s applicablc law pr~~vides othcn~isc. all payments ~~ccived b}~ I.cnder unJer the
N~~tc and paragraphs 1 and 2 hcrcof sh:Jl b,; applicd by Lcndcr fir.t in paymcnt u( amuunts pa~~ahlc to l.cnJcr by Bormw•er
under paragraph 2 hereuf, then to interc~t payablc an the ;\utr. thrn to ~hc principal of thc Notc, and ~hen to interest and
principal un :in~~ Futurc Advanccs. -
J. Charges; Liens. Borrowcr +h:iU pay all t:i~e~. a~s~s.mcnts anJ ~~thcr rhargr~, fineti anJ imM»itions at~ributahle to
the Propert~• w~hich may attain a pri~~riry ~~ver this Mortgage, and leaseh~~ld pa~~mrnts or ground rents, if any, in the manner
proviJed uneler paragraph 2 hcreof or, if nut paid in such manner. h} Burrow~cr making paymcnt, when duc. directly to the
payec thcrcof. Borrower shal! promptly furnish to LenJer all nuUccs of amounts duc under this paragraph, and in the event
Horr.~wer shall make paymrnt dire~tl~~. Horrow•er ,hall prumptl~ furn~sh ta Lcndrr rereipts evidencing such payments.
HorroHCr shall prump~ly dischargc an}• lien ~+hirh has priont~• ~~~rr thi~ Murlg~ge: provi.led, th:~t Borrower ~hall not be
reyuired to discharge an~• surh lirn w long as Rorrow~r shall agrce in Hrhing ta thc pay~ment uf the obligation secured by
~uch lien in a manner acceptable to Lender, ur .hall in gaKl fai~h cuntr.t such lien by. or defend enforcrment of such lien in,
Iegal pnxerding. which operate to pre~•ent the cnfurcement ~f ~hc lirn or (orfeiture of the Propeny or an~~ part thereof_
S. Hazard Insurance. Bi~rrowrr shall kecp ~hr improvcmcnt. nc~~~ r~i.ung c~r hercafter crected on thc ProE?erty insured
against loc, hy fire, h~~ard~ includcd w•ithin the tcrm "r~tcndr.i ~uvc.r:igr". ~nd cu~h other hazard~ ati Lcnder may reyuire
~n.l in ~uch amounts and for surh p~riixlti a~ Lcnder may reyuirc: rr~~~idcJ, that Lrndcr shall not reyuirc that thc ~mount of
+uch c~~~cragr exceed that amuunt of cmera~e reyuircd to pa~' thr siim, cccured hy this !11a:tr::~~.
'Chc insurancc carricr providing tFx: insuranrc tih~ll t~ rhu~cn b~~ Bormwrr subjcct to appro~•al b}~ Lcndcr; provided,
that surh appru~~al shall not be unreasonahl}• w~ithheld. All pr~mium. un insurance policies ~hall tk paid in the manner
provided undrr paragraph 2 hereof ur, if nut paid in ~u~h mannrr, h~ Borrower making payment, when due, direcNy to the
~ insurance carricr_ _
I All insuranre ~wlicie, and rencwals thcrc~~t tih:,ll tx in lorm :~r:rpt.~Mr tu Lrmlrr :,nd shall ~nrliid~ a.t;in~ard mor~gage
clause m favur ~~f and in furm ac~eptahle tu Lcnd~r. Lcndrr tih:~ll ha~r thc righ~ t~~ hutd the p.~li:i~s .~nd renewals thereof.
and Borru«cr ~hall prumpil}~ furnish tu 1_cnJcr all fl'Ol'NJI nuu~c, anJ all rcccipts i~f p~id prcmium.. In the c~~cnt of lo~t,
Borruw•cr .hall giv~ pranipt noticc to thc inwranrr iarncr and Lcn~cr. Lcndrr ma~ makc pr~~~,l c.t loss if nut made pn,mpU~~
' b~~ Burri~wcr.
~ Unlcc~ Lcndcr and BorruKCr othcr~~.c agrcr in ~~nUn~. in,uranrc pr~x~J~ sh~ll tk applicd ti~ re,toration or rep:+ir of
th~ PruEx:rty ~iam.~gr~f. pruvi~lcd ~uch r~+toratcun or rcpair is rr~~n~~miralh~ IcasiM~ and th~ `c~uri~p of thiti Mortgage ~c
not thereb} impaired. If tiuch re.turation or repa~r is nnt ~c~~numi~;~lh~ trati~hlc ~~r ~f the securit~ o( ~hi+ 4tortgage w~ould
M: impairrd. the insurance pruceeds ~hall be applieJ ti? the sums urure.l h~ thi. Mortg~ge. w ith the exce.s, if any, paid
tu Borr~~N•cr. It thc Prapert~ is ahand~~ned h~ Rormwcr. ur it Burrc~wer faib t~~ re~~mJ tc~ L~nJer wilhin 30 da)'~ from the
Jatr notice ~maileJ bc l.ender to Borr~~wer ~hat ihr ~nsurancr carnir c.tTen to ~e~tle a claim f~~r in~urancc benefits, I.ender
i~ ~Whurited ~o collect anJ appl}~ the irouran~r proec~ds at I.cn~rr'. .~pti~~n erther t~~ restoration ur repair of the P[operty
~?r to thc sum, ~ccurcd hy ~hi~ 141ortgagc.
Unlese I.cnder ~nd Burruwcr ut~erWiu agree in Nriling. am wch application ~~f pnxceJs to princ~pal .hall not e~tend
.~r p..stp~mc ~hc duc ~atc u( ~hr mumhly~ ins~allntcnh relcrrcd t~, in parrgraph~ I an~l ? hcreui or changc thc amount of
~uch imtallnienb. 1( onder paragraph 18 hereof the Pro~r~} i~ acywred h~ I~:nJer, ali nght, title and interest oi Borrower
~n ;,nd tu an~ imuran.c policiea and in and to thc pr~xced, thcreot rc~ulung from damage to thc Property prior to the sale
or acyui~~uun ~h:~ll pa,~ to 1_ender to thc c~tcnt ot thc ,umti ,~cured hc thi~ ~lortgage immeJiately prior to such sale or
acyuisition. ~
6. Preser~alion and ~laintrnance of Properi~; Lcaceholds: ('ondominiums; Planned Unit De~elopmenls. Borrow•cr
~ ~hal! k~ep the Propert}' in good rep:~ir anJ shall not rommit wastr ur permn impairment or Jcterioratiun o( the Property
~ and yh~ll compl~ ~~ith thc provisions ot any leasc if this :~tung;?gr un a Icaschald. If this Mortgagc is un a unit in a
cun.lominium or a planned umt Jerrlupmcnt. Burrow~r .hall Fxrl.~rm ~II uf Rorruwcr's i~bligahons unJer the declaration
~ ~r co~•enants cr~ating or guvernmg thr cond~~mmium or plannrd unit dcvrlopmrnt. ~hr by-laws and n:gulations of the
~ cun~ominium or planned unit Jevelopment, and ronstitucnt J~xumcnts. Jf a~ondominium or planned unil Jcvelopment
~ n.ler i, ~~ecuted b~• Borrower and recordcd tagelher N ith ~hiti Mortgage, the co~•enants and agreements o( ~uch rider
shall be incorporated into and sh•rlt •rmcnd anJ wpplement tM: cu.enams and agreements of this Mortgage as if the riJer
wcrc a part hereof.
~ 7. Proteclion of I.ender's Security. If R~,rro~~er fails to. ~rf~~rm the covenants anJ agreements contained in this
~ Mortgagr, or if any action ur proceeding is ~ommrneeJ ~h~ch materiall~• a(iects LenJer's interest in the Propen}•.
including. but n~~t limited to, eminent domain, in~ol~~enc~. c~~de rn(~rcrment, or arrangements or pmceedings invoh•ing a
bankrupt or decrJent, then l_ender at I.enJer'x op~ion, u~x~n notice tu B~rrower, m:~~~ make such appearances, disburse such
sums and take sueh actiun ac is nece~+ary pru~ert Lender'. interest. mcluding. but not limited to, disbursement of
reasonable at~omey's (ces and cmry up«n the Proper~y to m:~ke rrp~~r.. If Lender rcyuircd mor~gage insurance as a
conJi~i~~n of making thc loan ticcurcd b~ this ~t.~rtgagc. Barru~~rr sh:dl pay~ thc prcmiums requ~red to maintain such
insurance in cfTect ~mtil ~uch time ac the rcyuirement (or tiuch insurance terminates ~n accordance whh Borruwer's and
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