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<br /> l 77. + � [1 � 4 3 2 CO'MPAR.ED
<br /> UN�oaa[ CovaweNrs. Borcorver and Lender covenant and syra as folivws :
<br /> l. t�y�alt �! M�eiN1 a�d LderoW. Bv*rower shall promptly pay wfien due the principal of aad interect ,on the
<br /> indpbtpdnds avitieeced by the Note, prepayment and Iate charges as provided in rhr Note, and the princiQal of aod interest
<br /> op any FuWa+e Advances secured by this Mnrt�aga
<br /> _. Fs�iY 6�r 1'att�s Yi laAuqce. Subject to applicable Iaw or to a wriittn waiv�er by I.ender, Borrowu shall psY
<br /> f to Leader on ttu day monthly i�taUmenls of principal and imerost are payable under the'IVote. uetil N�e Nou is paid in full.
<br /> s atrw (hmraa "�w�ds") oqual to one•twelfth of the yearly taxes and assessments wh "sch s►ay attain priority ovar tltis
<br /> Morl�e, and �a►uad rants on the Property, if any, ptus one-twelfth of yearly premium inuallments for hazard inwra�e.
<br /> ppu poatwelfth ot yqarly prea�ium inctallments for mortgage insurance. if aay, all as reawnably estimated initially and from
<br /> � fitt�e tu tlme by Looder on fhe basis of asseccments and bills anel reasonable eatimates thereof.
<br /> T110 Funds slfall be IfNd ia an institution the depocits or accounts of which ue insurod or g�u}raate�d by a Federal or
<br /> ; etate asency (including Lender if Lendor is such an irtuitution ) . 1_ender shatl apply the Funde to pay said taxa, aaeessments.
<br /> insurance premiums and eround rents. Leruler may not charQe for so holding a�d applyins the Funds, analyziaQ said account,
<br /> or verifyin; xnd compilin� caid assessments and bills, unlees L.eflder pays Borrower interect on ttu Funds and appiieabk law
<br /> permate Lender to make such a charge. Borrower and I.ender may agree in writing at the time of ezecution of this
<br /> Mortgase that intuest on the Funds shall be paid to Borrower, and unless such agroement ir• made or applicabk law ,
<br /> requii+a auch interest to be paid, Lender shall not be required ro pay Borrower any interest or tarnin�s on the Funds. Lt�+der
<br /> e6aU �ive to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made. The Funds are pledgod as eddi�ionat securiry for the sums secured
<br /> by this Mort�a�e.
<br /> If the senount of the Funde held by Lender, together with the future monthly installments of Funds payabLe prior w
<br /> t6e doe dates of tazes, assessments, insurance premiums and ground rents, chal! exceed tl�e amount required to pay uid tazes,
<br /> aseewuents, ieeurance premiums and ground rents as they fall due, such excess sfiall be, at Borrower's option, eiqbr
<br /> prqnptiy ropaid to Borrower or credited to Borrawer on monthly install�nentc of Fundc. If tlfe amount ot the Funds
<br /> 6eld by Leneler sfiaU not be sutl'icimt to pay taxes, assessmentc, insurance premiums and Qround ronu as they fsll due.
<br /> Borrower shall pay to l.ender any amount necessary to make up the deficiency within 30 days from the date notice is mafled
<br /> by I,epder to Borrower mquestinQ payment thereof.
<br /> ' Upon payment in full of all eumc cecured by this MortgaQe , l.ender shall prornptly refund to Borrower aey Fundr
<br /> held by Lender. If under para�raph 18 hereof the Property is sold or tMe Property is otherwise acquired by Lsnder, Lender
<br /> dull apply, no lster than imtaediately prior to the sale of the Property or iec acquisition by Lender, any Fuods held by
<br /> Lender at the titne of application ac a credit aQainst the sums secured by this Mortya�e.
<br /> 3. A�licaffo� ot !'sy�e�q. Unless applicable law provicies otherwise, aIl paymenu received by Lender under the
<br /> Note and para�rap6s 1 and 2 6ereof shal! be applied by Lender fint in payment of amounts payabk to Lender by 8orrowor
<br /> uader para�raph 2 hereof, tfien to interest paysble on th� Note, then lo the principal of the Note, and then W intereat aad
<br /> j priecipal oa any Future Advaecec.
<br /> � 1. Ci�e�ee; IJe�r. Bonower shall pay all tazes, assessments and other charges, fims and imp�otitions attributabls W
<br /> I the peoperty which m�y susia a prio[ity over this Mort�a�e, and leasehold paymenu or �roued reats. i[ u+y. in t6e ma�sM'
<br /> pe�pvidecl under parr�raph 2 hereof or. if na paid in s�uh manner, by Borrower makiny paymeat, when due. dirxYly to d�e
<br /> u
<br /> payee tbereof. Bonower ehdl prompdy furnish to Lender all notices of aesouatc due under this puap'�ph, aed ia dfe evest
<br /> Hore�ower s6al! make payment dirady. Borrower shall prompdy fumish to Lender receip�s evideaiciu� wch payn+entr•
<br /> Borrowq cha11 p�romptly discharge any lien which has priority over this Mort�aQe; provided. that �Orrower ahall not ba ,
<br /> rsquired to discharge any cuclf tien so lon� ae Borrower shall agree in writinQ to the payment of the obli�uion tecurod by
<br /> � w�ch lien in a mae�r acceptable to Lender, or shall in good faith contes� such lien by, or defend enforceeeient of sueh liae ir,
<br /> ' Iesd procxdinae wlfich operate to prevent the enforoement of tMe lien or forfeiwre of Hfe Property or any pa�t thereo[•
<br /> 3. N�s�ri d�wrree. Borrower shs11 kxp the improvert►ents now cxictinQ on c�reafter erected on the Prnpe+'tY isw+red
<br /> asaioat losc by 8ro, F�arards includod within the term "extended covera;e", and such other hazards as Lendor maY +equire
<br /> aad ia wch aenaunts and for such periods as Lender may reyuire; provided, [hat Izndor shall not require that the amoun[ of
<br /> suCh coverase exceed that amount of coveraQe required to pay the sums secured by this Mortga�e.
<br /> a e
<br /> '!be ia�uraoee carrier providinQ the insurance cfiali be chosen by Borrower cubject to approval by Lender, provide4
<br /> that such approval shall aot be unreasonably wit6held. All premiums on inwrance policiu cha11 be paid io the mawoor
<br /> provided uader paniraph 2 hereof or. if oot paid in such manner. by Borcow«et malcin� paYmeot. w6ee due, dira.�Uy W t6t
<br /> iswraoce ca�riar-
<br /> All ipsuraf�e policiec and rot+ewelc thereof shali be in form acceptable to Lender and ehatl include a standard mo�e
<br /> dawe in favor of and in form acc�ptable tu Lender. I.ender shall have the ri�6t w hold the policies and renewak tt►e�eof�
<br /> aed �orrower sball promptly furnirh to Lender all renewal notices and all receipta of paid premiums . In the evest of losa.
<br /> Boerowsr elfall �ive prompt notice to the incurance carrier rnd L .ender. Lencier may make proof of lo� if not made prompdy
<br /> by Horrower.
<br /> Udat Lender aad Sorrower atherwise syra in writing, insurance proceeds ahalt be applied uo �ctoration or ropair of
<br /> tlfe PtvpeRy dama�ed, provided auch restoration or repair ic economically fescible and the security of tbis Murtia�e is
<br /> not tlforeby ienpaited. If suc� reuoration or repair is not economically feacible or if the aecurity of this Mortsage would
<br /> bo iwpaired. the insuraece praceeds shall be applied eo the sums saure�i by this Mort�a`e. witl� tbe exco�s. if any. paid
<br /> w Bo:rower. !f the Ptoperty it abandonai by Borrower, or it Borrower fails to rocpond to Lendcr within 30 dayc from i�e
<br /> �ate wtioe ic rosiled by Leedet to 8ocrow'er that the ierurance carrier offuc [o settk a claim for inc�unfce beoe8tt, Lender
<br /> ic uAboriyod W colleet and apply c6e iacwrnce prooeedc at Lender's option either to rewvration or repair of ti�e !'+�operey
<br /> ± or to We wa�c cecured by tbis Mortsa,e.
<br /> ; Unle�s l.eeder and Borrower otherwise aQree in writing. any such application of procoedc to principal shall eat exeprd
<br /> or pwtpa�e the due date of che montfily iactaliments referred w in para�ryphs I and 2 hereof or chanse the smou�t of
<br /> � wCh iastaklmafts. !f under p�'qirap6 18 6ereof the Property is acyuired by Lender, nll ri�6t. titJe aod interest of Horrower
<br /> - J ia md W �py iarurance policiet aod io sad to the prooeeds [hereol' re�uliie� From danu�e to t6e Property prior to the caJe
<br /> or aop�mition �6all pus W Leoder to dee eXteni of t5e cums securod by thic Mort�a`e immedistely prar fo wd� aie �x
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<br /> :' �. re..r,r.aW. a.a Al,ioeeoa.ce ot r.operfy; Leax6das; cuoas�w►eiu�as; rl.ae.�a Uwle oe.�elapwe.N�. 9onower
<br /> ' � �pep tl�e pnoperly io yood repair and aluU nM coeueit wa�e or perieit impaineent or de�erioe�lion of d�e lropertY
<br /> �
<br /> ud �ut1 ooKspiy with the p�ririoos of aey le�re if thic Mc+rt�a/e is on a karehold. lf t6ic Ato�t;a�e ic on a uait ie a
<br /> eondaeinnun or a pfsoned imit development. Dorrower ahall perform ali of Borrower's obli�atidn under tlx declurtion
<br /> m
<br /> t pr aoreamb ae�Na� or �+vrzytio� tl1s �osdoe�i�ium or plaosod unit Oevelopment, tlre by-Iswc a�d tepdttionc of the
<br /> ; ooriso�a or pMe�ed ueit diweiopsewti aad coartuueet doc�raents. tf a condoefinium or plaoned unH 3eveioMee+et `
<br /> � ridK i� tx�culed bf' ionewet asd reooided to�ether with tl�is Mortsa`e. thc covenants aod apreen�entc of wreh rider . .,�
<br /> � i. iaoaepo�.�.d �.�o a.a .r.n a..e.t aea suppie.�e the coveen+�s aed ,�ree�mrn oe el+is li!«f�.�e ac it the r.a.r . .
<br /> ? w�tr a Mrtt iM�wK.
<br /> � 7k. laMwNir d I.�iw!!� be�illr. Ii snemwer taik eo p�erf+x�w lM oo+meaMts ard a�reea�eiu� ceatae�d � d�is �
<br /> � .uia�/e, a�' iE aig' aalia� ue p�wc+rdi� is ao�ond wAid� mMee+�l a�ecEs [.aedsr't islw+�ct ia ihe leupetty. ' ,
<br /> �ii�y, bnt �aa iisil�l tw e�irat �ioi�. wolv�wcY. �w�ie wforoe�e� or uran�aeenes ar pe�oceed�e imoh'�nK •
<br /> ; bM1�C�l�t ar MOsMnt. tlrew t.�M�r at l.�rti o�pit�e�, rpo� no�eses to Boes�wer. �aaY wlrr �uci yOPuuu�a�w. �iulwr�r w�:h , �
<br /> � wMlra a�1 !� a4oM aotios ar i� w�a�es�fsy k+ L�d�c'� irwtwrt. ioc7udia�, but not 1'united to. disbunemtnt of ,
<br /> ,; 1�MIaMlllq aMosY�'s taM rri Ylry +�po� nM ��Y b w�atcs rep�irs• If Lenier requi�od �ye insu�ranoe as a �r�
<br /> � aw�tia� at �e�i3� H1s kw seuerd bf tl�s !lo[rye. Mrrower ew�M p�y tl�e p�iu�c re9�ued to a�hia cucA • -
<br /> iw� 1w �Iliret MMi1 sroi� tiw as tlr erqrin�wt ior ru�h iuur�ae � ia acoo�dance wid� �a�+ower'c aed
<br /> � �ryg '789:� �
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