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X as follows:.
<br />y pay when due the prindpal of and interest on the
<br />provided in the Note, and the principal of and interest
<br />tiaas'11641A "by I seder of `'else basis of saseasmerata and liilis and reasonable estimates thetwf
<br />Too Atanis ab iv'* lio m'an iiwtituticat thta deposits or accounts of which are insured or juaranto ed by i Federal or
<br />state a ancy (ieehtdins °Leader if Lender is such an°irstitation). Lender shalt apply the Funds to pay said taaw; a'sseumems;
<br />ins premiums; and pound rem. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verityingAnd compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />posmila Iatader to make: such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />F
<br />Mort>ya that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requinw such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shop give to Botrower,'witbout 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 pledged as additional security for the sums secured
<br />by tole - Mortgage.
<br />If this amami of the Funds held by Leader. together with the future monthly installments of Funds payable prior to
<br />the due data of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />'
<br />aaeemsents, insurance premiums and ground rents as they fail due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Leader shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower elan pay to Leader any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by tender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, I..ender
<br />*all apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage_
<br />3. A"Gendon of Pgmemis [Unless applicable law provides otherwise, all payments received by Lender under the
<br />Not and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, tine to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />f. CMaigest Lima. Borrower shall pay all taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hered or. if not paid in such manner, by Borrower making payment, when due, directly to the
<br />pmyoe thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing, such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required to discharge any such lien so Tong as Borrower shall agree in writing to the payment of the obligation secured by
<br />smeb bast in a roamer acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />p which to to vent the enforcement of the lien or forfeiture of the Property or an art thereof.
<br />�'p � Pre � Y Y P
<br />S. Howard Ismrisee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by Me, hazards included within the term "extended coverage". and such other hazards as Lender may require
<br />and is such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />Tht insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Leader, provided.
<br />that such approval sfiaB trot be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />AN insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
<br />Borrower stall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Udas Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />no thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by !h.s Mortgage, with the excess, if any, paid
<br />to Borrower. if the Property is abandoned by Borrower, or it Borrower fails to respond to Lender within 30 days from the
<br />dMo gatice is mailed by :Larder to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or terms secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />die due date of the monthly installments referred to in paragraphs I and 2 hereof or charge the amount of
<br />wick ismaBnseM. If under paragraph I ti bored the Property is acquired, by Lender, all right, title and interest of Borrower
<br />in awitsstay imaranos policies sad fn and to the proceeds thereof resuhing from damage to the Property prior to the sale
<br />or sarlALWoe shall pis to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
<br />wsstiaMam anti IMaiNewrR of Property; heaeeid/st Condonsimirssr, !lammed Unit DeveloprmeMs. Borrower
<br />Ibtt'llrapmrty is good repay amd'AW not commit waste or permit impairment or deterioration of the Property
<br />am* wttb the provision of any but if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />rm "ter is piasaai unit davelopromt, Borrower shall perform all of Borrower's obligation under the declaration
<br />ila;.e(ealimg es,Seireraiag dw condominium or planned unit development, the by-laws and regulations of the
<br />ilm or planned unit dtvelopnwM, and constituent documents. If a condominium or planned unit development
<br />miss l by Btrstows anti recol topaw with this Mortgage, the covenants and agreements of such rider
<br />tof}ormlmi imm and dog asmemd and supplement the covenants and agreements of this Mortgage as if the rider
<br />t'baiiiNt:
<br />+rsest>gis of lwnaiw'S gem if Borrower fails to perform the covenants and agreements contained in this
<br />er if an action or prooeeo#y is commenced which materially affects Lender's interest in the Property,
<br />Isom asst liatilai to, ee -inter - dosa i, insolvency, code enforcement, or arrangements or proceedings involving a
<br />K,fticodemt, drum I,IMer at Leniet i option, upon notice to Borrower, may make such appearances, dishurse such
<br />e siMi1 edio t as is aaeswoty to protect Lenders interest. including, but not limited to, disbursement of
<br />afsoraWs few and teary upon the Property to make repair. If Lender required mortgage insurance as a r.
<br />ed shaking the loan secured by the Mortgage, Borrower shall pay the premiums required to maintain such
<br />in Hlert wAN wAh two as the rerqu*emml for such insurance terminates in accordance with Borrower's and
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