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<br /> ��' 006486
<br /> UNtroau CoveH�iv'rs. Horrowes and Lender covenan[ and sarx as folbw� :
<br /> 1. ts�t e[ rd�cyrl aM Lfee�f. Horrow� �hall promP�Y PsY wben due the priocipal of and iatarmst on the
<br /> indebtedeon evidenoed by tife Nok. PrepaYment and late ohar�eea u provided in the Note. and t6e prmcipai of �sd inlere�t
<br /> an aey Future Advaeces �eaeed by this Morttaae.
<br /> � t !�i !er ?� ri iM�ee. Subject W applicable law or to a written waivar by La�der. Borroaer s6alf psy
<br /> to Laeder aa t6e dsy �natthly iowBments of principat aad interest ue psyabie uoder the Noro. umil the NoEe ia p�id in fui/.
<br /> s wm Qbre+ia "Fuodr'7 Wual w ooe-ewrolith of the yoarly taxes a�d ass�na which may actain priarity over [his
<br /> Moetp�a. aed �rouad e+mts on thc P=vperty, if any� ptus ooe-hwelfth of Y�Y Premiwn ie�ta!lmenb for hazard ia+wuanoe.
<br /> P� �-� � S'�+dY P+�uen ieaW4Qenb for mort�ye iwurance. if aeY. all u roawarbly astiaosted ieitidly and fmrw
<br /> time W time by l.eoder a+n tbe basie of aweameats aM bilh and reawnable astimetes tbeeeof.
<br /> Tf�e Puwd� s6a11 6e h�i ia ao imtitution the deposia or aecounu of w�6ich aro insurod o[ ;uaraWeed by s F'edsrd or
<br /> ttsle ayoncy (includin� i.mder it Lender is wch an imtitution) . Ltoder shall apply the Fuedt W pay asid tauc. aYeambos,
<br /> in�anos pceaninms and Sro�md rcnts. Leader may not chatge for co holdios and appiyin� du Fuuds. aealyzies uid acoousf,
<br /> or v�erityins aad camplin` �aid auasmenb and bills. ualns l.eoder psys Bort�ower interat on tbe Fund� aod applicabM Is�r
<br /> peraun L�eier to make auch s charsa. Horrowcr aad Lender may a�ree in writias a! tlx tinu of executioa of t6is
<br /> !�[ortp�o t6at interat on tbe FuntL �6atl be paid w 8orrower. and unkss such ssreement is made or sp�plieabb law+
<br /> raqtsim uieh in0orat to be paid. Lender r6a11 not 6e required w pty Borrower any interat or earnia�s ao t6e Fueds. L.Mdt
<br /> shaH pve to Borrower, wit6out chu�e. an annual accountin� of t:.:. Fundc s6owinQ crediu and dobits �o the Funds aod dae
<br /> purpo�e for which pch debit to t6e Fuodr was made. 77bee Fuads are pled;ed ac additional security for the wms �eauod
<br /> by tfii� Mortsya.
<br /> If the amouot of t6e Fut� Fuld by [.ender, toQether with the futuro monthly inctallmenb oE Fund� payable prior w
<br /> t6e due dates ot qxes. aae�ammtr� inwrance premiumc and ground ronts. ahall e�eceed the amount required w pay caid taua.
<br /> aNeNmenu, ituutancx praniums and �round renu u they fall due, such excesc shall be, at Borrower'c option, either
<br /> pena�pHy rsp�id W Bore�nwer a� credited to Bomnwer on monthly installmenu of Fuods. If tlfe aewun[ of tl�e Fueds
<br /> 1i�kl by Lendmr slull not be su�cieot W psy qxa, aa�easments, inaurance pnemiumc and arouod renu as tl�ey fa8 due.
<br /> Horrowu s6all pry to Lender any aroount noceasary to malce up t6e deficiency wit6ia 30 days from the date notice ie mailed
<br /> by l.eeder tn Horrower raqueatia� payrt►ent thereof.
<br /> Upon �yment in full of all w�ac aecured by this Mortgage, Lender shrll promptly rofuad to Borrower aa�y Funds
<br /> he4i by Leader. !f under p�raprap6 18 hereof the Property ic sold or the Property is otherwise acquirod by Leader, Leed�
<br /> aYdl apply. uo lator than immediately prior to the sale of the Property or ita acquisiuon by t.ender, aey Funds hsld by
<br /> I.eoder at tbe tie�e of application aa a credit againu the sums secured by chis Mort�s�e.
<br /> 3. A�IIeaMo� o[ lyy�e�. Unless applicable law providec otherwiie, all payments moeived by Lender uoder the
<br /> Note aod parajrap6s 1 aad 2 6ereof sdall be applied by Lender $ru in payment of amounb payabMe to l.ender by �orrower
<br /> t�eder paryraph 2 hereof. then to interest psyable on the Note. then to the principal of the Note. and tl�en w ieterat and
<br /> prindpal oe any Futuro Advaooes.
<br /> �. C�� Iiw. Borrower shall pay aU tazes, asreremenu and other charQec. Snes and i�upoeitions attribuqble to
<br /> !6e hopeRy whleh msy attain a priority over thic Mort�sye. and leasehold paymenu or er�wad reats. iE any. in tbe manoor
<br /> provided under panirap6 2 I�ereof or, if not psid in euch manner, by Borrower malcing qyma�t, whew �e, diee�tly to We
<br /> p�yee t6ereof. B�orww�er r6a11 P�PVY furnish w Leader rll notices of amounts due under thir Par+�ra�, asd in t6e evest
<br /> Dorrower �6a11 malce payma�t dirxtly, Borrower shall prompdy furnich to Lender �ueiptc evideacin� such paymeats-
<br /> 9ore+owar shait peumptly dirchsr�e any limo which has priority over Mis bloRya�e: provided. that Borrowu shar eot 6e
<br /> esquired to d'ucbar{e any uich lien so bns w Borroww shalt asree in writins w the payment of the obliptio� �ecured by
<br /> ; arueL lies in a inann� aeceQul�le to Leoder. or shall in sood Eaith contoct cuch lien by. or dafend enfoncan�ent of suc6lias is,
<br /> M+�al p�viceeditrs w6ich op�ate w preveat the enforcement of the lien or forfeiture of tl�e Property or any part thoroo[.
<br /> !• H�er1 i�wrMoe. Borroww shall keep the improvements now exictin� or hereafter erected on the Propertr insurod
<br /> api�rt �a by Aee. hazatdc iscluded witfiin the term "ez[ended coverase", and such other hazards as t.ender maY roqu�re
<br /> �ed � wch amounb aed for wch periods as Lander may require: provided. that Lender sha�l not ioquire efiat the aeaouat of
<br /> wch cover�e exc.roed thst a�eount of coverase reqwred to pay the sums securod by this Mort�a�e.
<br /> 'I6a iaWuaaee caraar providin` thc iewrana shall be chosa� by Borrower cubject to approval by Lend�r: provided.
<br /> /6u such �pp�^oval �6a11 aot be unroawnably withheld. All premiums on inwranx policia chdl be paid in ti�e �saoe�r
<br /> peov�ded ueder pan�raph 2 6arceot' or. if na paid in s�h manner. bY Borrow�er md�u+f P�Ymeec. w6as 8ue, di,ectly a p+e
<br /> iawrasre careier.
<br /> Ai! inwranca policies aad neoewak thereof ahall be in form acceptable W C,encier and ahall include a ctandard nw�t�ye
<br /> e/atw ia [avor of aud in tarm acceptal�e to Le.nder. Lender shall have the right to hold the policies and rcne�valc tha�eof.
<br /> sed �ortov� sha�l prasptly turnish to I.eeder all ronewsl notices and all receiQta of paid praniuens. In the eve� of 1ou,
<br /> Horeower �hall pve prompt notia to the insuranoe carrier a� Lender. Londer may maice proof of Iws if not msde promptly
<br /> by Bor�wrer.
<br /> Unla� Lender and Horro�ver otherwise aQra in writing. insuraace proceods ahaJi be apQlied to rcctoration or nqwir of
<br /> tl�e Rvpetty damyed, prnvided such testoratioa or repair ia economically feacibk aed tl�e cecurity of this Moetp�t is
<br /> aot t6ueby Lepured. If wch rcstoration or rcpair ic rtot economically feadble or if the security of ti�is Idortp�e would
<br /> be isp�irod. t6e iawras�e praoesdc c6aii be applied to the cums tecured by t6is lllort�a�e. with the ezcecs. if awy, paid
<br /> bo 6orrower• If t5e Prop�ty u ahando�ed by Borrower, or if Borrower faik to respond to Leoder wimin 30 dsys from the
<br /> d�Re aotia is msi�d by L.ender [o Borrower that [he i�uraace carrnr oHers to settk a claim for lncuraace beneRu, Lender
<br /> u au�orized to oolkct aed spply the i�urance proeeeds at Lender e option ei�6er w neswratioa or rep�ir of d+e lroperty
<br /> ar w the a�ms securod by this Mortp�e.
<br /> UdM� l.CodCr 1nd Hprfprvei othetwiee tyroe i� writinQ. any such application of proceed� w prinespal cha�l not eztend
<br /> or partpooe tbe due da�ee of t6e mont6ly inKallmcnts referred to in Parasraphc I and 2 heroof or chan�e the an�ount of
<br /> wdf inaqlln�eab. If uoder p�ra�ap6 ! 8 beroof the Property is uquued by l.ender, xl! ri�6t, titk u+d interest of Borrower
<br /> is and w my im�raoce policias and in aed to t6e praceedc tbcrmof resultiu� from dama�e w t6e Prape�tY prior to the cak
<br /> or aaquditioo a1u11 pw to i.eoder to the exteM of the wme securod by this Mo�tsa�e immediateiy pcior to such u!e or
<br /> soQuiritioc.
<br /> i. l�werv� ad M�e��ce at h�a�eely; [.ereYel� CedsM�h� lfwe� UW 1levei�era. Borrower
<br /> tlull I�erp tl�e Pto�pe�ety ia �oa�d repair aod s6atl �t comeiit wasa or permit impairieent or deteriorataon of the hoperty
<br /> md abaN oamp�y with tl�e �ovis�oas of my leare it th+s Mortsye �s aa r leaid�old. !t tdis Mort�a�/e � on a ueu in a
<br /> oo.damieivas or a pl.mea �mit aare�opn+a�t, sorrower si�.0 perf«,n ,!� of e«rower's oblisu+oe. �sder ehe aeeiar�on
<br /> or oo�e�aels e�rtie� or pMoemo� N�e �adaminium or planeed unit developa�ent. t6e bydawc and rejulacioos of the
<br /> aoedaimioiuo or pt�ard uait d�velopieen[, wd cooctituent Ja:uo�ents. If a condomisius or plaesea unu develope�p�t
<br /> tider a esecueod br �oea�nwar aad recoa+dipd W�et6er with Mis �lort�a�e, t6e coveoaat: and s�t�tc of sucfi rider \
<br /> .W i. ieoaie�.aa.iMa iMo a.� .raY .e�ewa aea wppbw�set tl�e covonu�ta ana .iroemeea oc thi. !�lor�.�e as ;f N�e rider � �t
<br /> w�+e i pret 1n�uoE.
<br /> �`y
<br /> � T. �a'Y� d i.�ir'b i�e�14. lf Bdrerwer faik to perfonw t�e eovau�ts �sd �ree�wenea ow+tai�ed in H+ie "�
<br /> 1iee�ye. or � ao� a�tilios or p�oeMdi� u oo�o�ood whicfi nataidly aHeces i.oeder's i�erest ia the P+uperty.
<br /> ildYi�, 1Wt aot 19�rN�d to. e�iMnt AOMi�� i�okroseY, code ewEorodne�t. or uran�eebnb or peooeadiu+�c invdvia �
<br /> b�ev/t or deaedwr. t�� i.o�drr at l.aede�9 optioa, upw eotioe to Borro+ver, m�y mialce wcl+ appearanoec. dis6urse wch M, "�
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<br /> ' s�N awi tdce su�# �etion as is �y to ixoeat Leede�s iaterest. ic+ctudi�, but not timimd to, disbuzses�oeM of '" �
<br /> I�we��L �t�s�a�y's [w aui �etry upow tAe P++nlsr�y M nulce +�aiex. If iRnder req�+ireel m�+rtsase imaKanoe aR e
<br /> or�iiliea o[ �tloi� !i� le�e �ed Iry tlw Llon�a�s, loero�ru sbatt pay tAe p�u�os �e4uired w �rivaie �ueA '�"
<br /> I�s�M i� aMot uali aue6 ei�s as t�h�n eequib�t !or wch m�ur�oe taneieNa is aocond�no�e w�uh lw�o�r's aod
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