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<br />84 -006529
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<br />UNIFO~M COVEN'Nh. Borrower and Lender cOIienanl anq agree as follows:
<br />t. Pay_at of Priac:ipsl ami tnterest. Borrower shall promptly pay when due 'he princip", of and interest 011 the
<br />indebtedness evidenced by the Note, prepaymenl and late charges as provided in the Note. and Ihe principal of and interest
<br />on any Fulure Advances secured by this Morlgage,
<br />2. Funds for Tn.. ami 1_I'I1II<<. Subject to applicable law or to a wrillen waiver by Lender, Borro1l\ler shall pay
<br />to Lender on Ihe day monthly installment. of principal and interest are payable under the Note, unliltl\e N~te is paid in full,
<br />a sum (herein "Funds") equal 10 one--twelfth of lhe yearly taxes and assessments which may auain priority over this
<br />Mortgage, and ground renls on the Propcny, if any, plus onc-twelflh of yearly premium installments for hazard insunnce,
<br />plus one-tweifth of yearly premium installments for mortg. insurance. if any. all as reasonably cs!imated initislly and from
<br />time to time by l..cnder on Ihe basis of assessments and bills and reasonable eslimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />slale agency (including Lender if Lender is such an institution I. Lender shall apply the Funds to pay said taxes, assessmenls,
<br />insurance premiums and ground renlS. Lender may not charge for so holding and applying the Funds. analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pa~'S Borrower interest on the Funds and applieable law
<br />permits Lender to make such a charge, Borrower and Lender may agree in writing at Ihe time of execution of this
<br />Mor!gage that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest !o be paid, I.ender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual "ccounting of Ihe Funds showing credits and debits to the Funds aud 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 this Mortsage,
<br />If Ihe amoun! of the Funds held by Lender, togelher with the future monlhly installments of Funds payable priot to
<br />lhe due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said,talt.Cl,
<br />assessments, insurance premiums and ground rents as they fall due. such excess shall he, at Borrower's option, e,ither
<br />promptly repaid to Borrower or crediled to Borrower on monthly installments of Funds, If the amount of the Fu..dI
<br />helu by Lender shall not be sufficient to pay ta"es, assessments, insurance premiums and ground renls as they fall due,
<br />Borrower shall pay to Lender any amount necessary 10 make up tbe deficiency within 30 days from the date notice is, mailed
<br />by Lender to Borrower requeshng payment thereat.
<br />Upon payroen! ID full of all sums secured by thiS Mortgage, Lender shall promptly refund 10 Borrower any Fulllk
<br />held by Lender. It under paragraph Iii hereol the Propem " 'old or the Propeny is otllerwise acquired by Lender, Lender
<br />shall apply. no later than Immediately prior to the ,ale "I Ihe Property or its acquisition by Lender, any Fulllk held by
<br />Lender at the lime of application as a credit agamst the sums ",cured by this Mongage,
<br />3. AppIic..... of Pay_.... Unless applicable law pro\'tdCli olherwise. all payments received by Lender WIder. the
<br />"f'''~ .p...ti :-'''''~'!' I .."'~ '"t L.,........-....~ ~_....n ...- '"Ir;"'I;..~ ~;' , p.,~,.... f;~, ._ ;"'~;'!"",,!,.u'!-t ......f .,ml"',,",tlt ~!It~,!!~ tf'. , f!nMr b11 ~
<br />under paragraph 2 hereof, then to interest payable on the NOle, then to thc principal of the Note, and then to intcnlIt IIIICI
<br />pnnclpal on any Future Advances.
<br />4. ~ [JellS. Borrower ,hall pay .,11 laxes. ,IS",s.sments ,)nd other charges. fines and impositions attributable to
<br />the Property which may ~Ilain a pnorilY over Ihls Mortgage. and leasehold payments or ground rents. if any, in the ___
<br />provided under paragraph 2 hereof or, If not paid m such manner, hy Borrower making payment, when due, diRdIJ to ...
<br />payee lhereof Borrower shall promptly turnlsh to Lender all notIces of amounts due under this panarapb, IIIICI in tile.....
<br />Borrower shall make payment dlrectlv, Borro",cr shall promptly turn"h to Lender receipts evideocin3 5lICb paynwms.
<br />Borrower shall promptly discharge any lien which has pnof'lty ,wer this Mortgage: provided. that Borrower shall not lie
<br />required to discharge any sueh hen '" long ... BOClower shall "sree in 'Hirmg to the payment of the obIi,.noa scc:ured by
<br />such lie-a. in a manner acceptable 10 Lender, or ,hall 10 good f auh ~onte" such lien by, or defend enfon:cmcnt of 5lICb _ iD,
<br />Iqal proceedings which operate 10 prevent the enforcement of rhe Ioen or forfeilure of the Propeny or any part tIIeNof.
<br />5. nu.d I~. Borrower shall keep the Improvements now e~istrnl! or hereafter erected OIl the Propcny inMmlcI
<br />against lc>>s by fire, hazard. induded \\'lIhm lhe term "extended .:overage", and slIch other haunts as Lender may require
<br />and m such amounts and for SIKh periods a. lender may requITe; proVIded. thai Lender shall nOl require that the _t of
<br />such coverage e"ceed Ibar IUlINlnt ,)1' coverage reqUired ro pay' the sums '>CCure;>J by this Monpge.
<br />lbe Insurance carner providing lhe insurance shall be ('hosen hy Borrower subject to approval by Lender: pnwidId,
<br />that such approval shall not be unreasonably wilhheld, All premlllms on insurance policies shall be paid in the __
<br />provided under parasraph 2 hereof or. If not paId m such manner, by Borrower making payment, when due. di~ to tile
<br />insurance carrier.
<br />All insurance polICIeS and renewals thereot shaH be in form ,lCceplable to Lemler and shall include a standard monpae
<br />clausc 10 favor of and m form acceptable 10 Lender, lender shall have the righl tll hold Ihe policies and renewals tIIeNof,
<br />and Borrower ,hall pt'OlDptlv lurnlSh ro Lender all renewal nOllces and all receipts of paid premiums. In the eVCftl of -.
<br />Borro_ shall &lve prompt notice to the msurance camer and Lender. lender may make prool of Ios& if not made promptly
<br />by Borrower,
<br />Unn lender and Borrower otherwIse allree in wrotmll, insurance proceeds shall he appliocllo restoration or repair of
<br />the Properly damqed. provided such restorallon or repair IS eeonomlCally feasible and the soeurit~ of lhisMonpp if.
<br />not thereby impaired. If sllch restoration or repalC is nol economically feasihle or if lhe security of Ihis Monpp -W
<br />be ilDplUred, lhe insurance proceeds shall be applied 10 Ihe sums secured hy Ihis Monaage, with the ell_. if any, paid
<br />to Borrower If the Property is abandoned by Borrower, or if Borrower lails 10 respond to Lender within 30 days from tile
<br />date notKC is mailed by Lender to Borrower that the insurance carrier offen 10 scllle a claim for insurance benefits, LeftcIcr
<br />15 autooClzcd to collect and apply lite insurance proceeds 0.1 Lender's option either to restoration or repair of the Property
<br />or to the sums secured by Ihis Mortgage,
<br />UBlcs& Lender and Borrower ntherwi$C agree on wCltinl, any such applicalion of proceeds to prrncipal shall not Clltcmll
<br />or postponCl the due date of the monlhly installments referred 10 10 paragraphs I and 2 hereof or change the amount of
<br />!lUCh installtnellts. If under paralrapll 18 hereof the Property IS acqUIred by' Lender. all right, litle and interest of Borrower
<br />in and to allY insurance policies and in lInd 10 tlte proceeds theroot resullina from damage to the Property prior to lhe saJe
<br />or lIGqUiaition shall paas 10 Lender to the extent of the sums secured by Ihis Mortpae immediately prior to suc:b sale or
<br />~ion.
<br />6. ~........ M~ of Property; I.eMeltohh; Coallll18iniu_ PIantmI Unit Dn...,....... Borrower
<br />shall keep the Property io good repair and shall not cOlDmit waste or pcrmll impairment or descrioration of the Property
<br />lIIICI,daIl comp!y with the !'fovisiOOll of any lease If Ihis Mortllll8e IS on a Ie_hold, If lhis Morlgqe is on a unit in II
<br />c~m or a p/MMd UDlt devc:lopment. Borrower shall perform all of Borrower's obltptlOOs under the dKlualion
<br />Of c~ creatiq or lovemin!l the .:ondom'Olum or planned L1nit developmenl. the by.laws and l'Cgulations of lhe
<br />c~ium or planned unil development, and constituenl documents. It a condominium or planned unil development
<br />r. 1lI.~ by Borro_ and rccon.lcd t....ether with !hlS Mortsqe, the wvenllnts and alflllllDeJlIs of suoh rider
<br />~ be i~ateU .nto find shall .>mend 1I~ supplement lhe co\'enanlS and allr_>>ls of Ihis Monaaae as If the rider
<br />_ II part bcrwf,
<br />7, '1..... of r.-rw. !Iealrity, If BorroW1lr faih I" perform the cavmanls and agreements contained in thi,
<br />~, Of if llIIY action '>f proc:eed.il!l ,~ com!'lll!nced whIch ma!erially affects I~nder's interest in the Property,
<br />_~ but not limIted 10, emlMn~ OOmatll, jn<lOivellCl', ~ode enforcement. or arrangements <11' procccdiDjJ1 anvolvinll a
<br />'-AfUpt <>1' dc<;"dofll. tlMn I.ender III I ender'. OptiOn, upon ''''II'''' In Ilorrower, rna~' make 'lJ~h "ppearances, ,1o,I1urse such
<br />.__ ami tlllle slICl'l ...:Iio!l U IS ncccj.,ary to pmt""t Lender"_ Inter""t, Illduumll, bUI 1I0t lunllCld ftl, dIsbursement of
<br />re~ aHIlClM)," '"I and enlry 'lpoll the 1"<1pe"~ to m.ke ,ep.'" II ,,,,,del rC'lllire.j l1l"rtS.~'" ill\1II8'I<:e liS i\
<br />"~IM>fl ". rnu'inf .he ~1iIIn M,~urlld hy 11m MI1fl~alle, R"'H'''''-' ,h,,11 pay Ih,- !".m'll"" "''I'lIlel1 10 maintain ,ueh
<br />~'M\U'.k-e in effec~ l.mttl 'l.uLh 'I~ ,U1 ,'~ rltquiremcnr f'of \Ui.:" ifi'Hlflmee tr.-rfnirvatrl;: q, .'tccordanct' Wlfh Rorn"\\'t"r', and
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