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<br />~l~,rr~a~*.rr C~caaw.~!a~`s. ~3arr•~°aufa~r grad T,.encle- r„a~~e~rarar~,r tad agree as fallaa~•5~
<br />~.. ` lc°a~-tnerht aix `1~'ni~cla~,l a~a+d Irtrerst. Ftcurraa~~er sfaal' ~~rcataalitl~, ,~yaa. ~~hen dr.re the principal c~i and irJrer,cst an the
<br />is~debtednPSS ea•ideDC~d h,1; the emote, prpayt~liexat arad late ch~rpe~ ~~;~ laraa~icied are tc,e ?gate. arad the principal cif and interest
<br />c~h aza~! ~tata~r~ ~#dvarice~ sewurcd bx~ this 1~3cart~sa,,e:
<br />Z. F'aalastir for `l•~a¢es aJnd Ir~irer~a~r~e. ~bcct tr+ applicaiaie lax` ar tc+ a v,frit,ten ~~°aia~er ~- i.~er~Jder. l~arrawer shah 'pa"~`
<br />to I..ender aza i}ae daa• Jmanthla• insi.ailzaaents of s~ritacfasyl sarlci interest are paw~s~ble under the tiers, until the 'gate i:s paid izi full.
<br />a su~~-a €~xer~°in '`Furtdc"") ~qu;~i a~a erne--teP~t~l a1 the ~~~::ar?~~ tax,es and assessrrpezJts ~w}~ieh zJna~~ attain ~riarit~• c~~.>er tP~s
<br />'~4o-t~aa.se, and' ~rorand rents era flee Prap~rt~~, if' araa•, pltz~, ntte-t~.~elfth of ~~eart;~~ ~rnxit~rrrl instalirtaeztts fax hazard in~tzrance.
<br />piu!t cl~zae-twclft~h a: yes.rla• premium nstalinaerit~ iaw rnc+rtace inst.rr~ande. if «na~, ail at~ reasanabi~' estimated initr~ii~~ and frarra
<br />time to time h~r L-.endes• are tk~w basic: of ass~ssrt~~n-.;~ arad ~+iP3s anc~ rasa~+ra,able ~stirr-st~s t~er~~rf, '
<br />~"he Fusac'ts shall be held iz± an in~tittitian tl"ae depasits ar acaunts cat axRhicil are insured ~r guaranteed 'ha° a Federal ~r
<br />state agericw• t nwiudira;, Lender ii,L~ender is such an instittttaar~ i. Letader s~aall ap,aP~° the ponds is pit' said t~x~s.:as:s~xsrri~nts.
<br />insurance prettaiurrgs sinci ~raund rents. I-.ender rzx~at~ nc~~ haze gar s,~^ ~raldiaa~ s~~n~' a,~+p;a~iri~ the l~urd,s, araa};~•z,in, said ace~itirst.
<br />ar veri#~aia,~ arJld campiizn said assessments and trills, ursless Lender pads ;l~c-rrowea interest. an the Funds and applicable 'lav
<br />perrnats I.~ende~r" t~ make strcla a charge. I3t~rrnsr4=er and L~nc~er r~~a~~ ~a~ree irl +~~ritata at the trrie cs~ ~xectitic~ra a tt~i~k
<br />?v~~rtga~e thatsnterest ar, the funds shall be Maid t~~ nrrarver, and unless sucr~ ~areennent is made ar applicable` la~~
<br />requrres such interest tea iae paid, Lender shal'~ rear I~ae reatrired tc~ pad, i~nrraax~er ana• rnrerest: ar earnings ran the Fund„. Lender
<br />~haP; ~a'e to B~arraat`~er: wirhaut charge: an annua;~ saccauntin~ c~i the ponds shaa~°ins credits and debits to the piands and °the
<br />purpase far which each. debia tc~ flee i°trnds was made. "Clae~ f"urac~; are pPed~ed aswadditiazaa,l xe~urr~• far the sums s~~ured
<br />h~~ this Martgage. "
<br />if the amatant of the Funds held bo• ;i..,ender. ra~etlaer witl~ the future rr,eanthlti~ nstallrraents caf 'Funds payable priiar'ta
<br />the due dates caf taxes, assessments, insurance premiurras and gratand rent. shall exceed the amount repuircd t+.~ paa~ said tsaxes,
<br />zssessraents, insurance premiums and ground rents afi they fall due, such excess. shall be, at )3arravaper's nptic+n. either...
<br />prarnptl~. repaid to Borrower ar credited to B~arraUVer nn rra"°crnthla° installments a~af Iwunds. If tP~e arnaunt of trite °u:~ds
<br />held b}° Lertclex shall net oe st~TCierat to pa;~~ taxes. asraessmenrs. insurance premiums and ~rauttd rents as ther fell d+u~.
<br />BarTOwer shall ~lati' tc+ i..ender an3• amc+unt neeessax~ to raaal~e up the a~eficien~:a• ~+.^ithita aC1 dares frarrt the date notice is rr,alw~c3
<br />b`~ Lender to i3axo~ver requestinl; pati~wnt therm#. .
<br />Upon pauxment in foil of all su.~JCas secured b~a• this AVSartga,e, Leader shall prarzaptly~ refuted to Borrower ant, ~°unals
<br />held b~~ Lender. if under paraltraph 3 ~ herer~f the Prapcrt~` rs sold ar the I'rapert1~ is atheru°ise a~uired br Lender" Lender
<br />shall apply'; raa latex that, imrnediatel~~ prier to the sale of the Praperta" t-r its acquisition b~° Lender, aD)' Fubrl~ held b~.
<br />L+eDder at tine time of application as a credit against the sums secured b~~ this :viartga~e.
<br />3. .~ppiiesttipn caf P~ssynnetrt,s. l,.~nless applcaPale laa~~ prnalides atherauise, all pea°ments received. b;t' Lender uxadcr the
<br />lvcrre and paraieraplas 7 axsd '? hereof siaall lee applied b~~ Leender ~trst irI pad°rnent of atnaunts payable to Letatier la}' 13orrc+over
<br />usadex pazagraiah » hereof, therA to interest payable eta flee ?`+ate, then to the przacipal at the ?years" and than tai trtacrest and
<br />principal era any lrtutttrc ~,dvaaaces.
<br />4. ~harg;es~; Litc-x. l3arraave; shall pa~~ all taa:es, assessments acrd ether chares.nes and irxaptasitians attritrutable ra
<br />the Praperrti• v~rhicla ma}~ attain a priorir~~ saver dais l~~nrt~age, and. leasehold pa}~rnents or ground rents" i` err}^, irr the manner
<br />provided under paragraph : hereof or. if teat paid in such rraaDraer. by Barrauxer znal*in,g pa~"rraent, ~~hen due, directl;~° to rtes
<br />payee rhereaf. Etorrcavwer shall pramptl~° furnish to Lender all notices of «maunts due under this paragraph. aDCI in The event
<br />Berra~•er shall ;tTtaltie payment direct?}'. T~xraw~er shall prarnpti;a furnish to Lender receipts evidencing .such pao•ments"
<br />$orrower shall laramptl}° discharge a,r,`~ lien aa~hich has pxiaaritr~ aver this Martga,gc; praa~ided, that Barrawer shall not b:
<br />required to disctaarge an~~ such lien sa ~axag as Bc~rxcav~~er shall ogres in as°xiting to the pa}°naent of the ahligation secured h?+'
<br />sucia licD in a,txaannGr acceptable to L;cnaer, ar shall in ,gac-d f'aixh contest such lien law. car defend entorccrraent of such Meta. rz,
<br />lc,gal praceeciir:gs ~rhich eaptrate to prevent the enfc+rcernent of the lien ar fcarieituxe of the prapert~~ tar and. part therecaf.
<br />5. ;l~~rd Insrurance. Btarraaw"er sloe?? keep the irrapraventtents rre~ra existan~ c,r hereafter erccced era the Frapert}P instated
<br />agz~inst lass ~+~, ~~y hazards included avithin the terra "°extended coverage'", and such ether bards as Lender rrtav regtaire
<br />atad iD such an7aunts arad fir such periods as Lender rraa~~ require„ ~rravided, that L.ezacier shall net yuir+e that the a~maunt caf
<br />such cavcrns~e exceed that amcaunt of caverai;e required to ptr~" the startas secured bti° this Mortgage.
<br />Tlae iDSUratace carrier providing the insurance sloe?? be tWhasera b~" Barraavex subject tea approval b~. Lel~adcr; pray"ided.
<br />twat such apprarral shall net be urueasanaPall~ a~.ithheld, a~lf premiums eta insurance pcalicies shalt be paid ire the frontier
<br />prcavided usyder paragraph hereof or> if net paid ire such. maxaner, lay Barroas~er makuag pad"rDeDt, a~•laen due, directl~~ to ties
<br />insurance carrier.
<br />Ali insurance pezlicies artd renewals therecaf steal! be in farts acceptalalt: tea Lewder and sloe?? ancicode a stan~:ard rnartgaee
<br />clause in favax cif and in far-aa acceptable to l,»zaer. Fender shad. ha"~~e the right to htrid the policies and renea~°als thereof.
<br />and Barrcawer shalt prcrzxapttyr furzsish to Lender sill rencw~al zaatices and all receipts of paid premiums, in the event of iris.
<br />Borrower sire??-gi`'e pranrapt-reties ca the insurance sorrier and lender. Lender rrta}• male pram of loss if net trade promptl~•
<br />b)' Borrower.
<br />llraless Lx;rader eras? Harrower atkarrs"ise agree in ~.yriting;" insurance proceeds shah be aiaplizd to restorart~n nr repair of
<br />thr 1>rnpr~rtw° rtaT^nu~~;r~tT aw„rnr~ir~sa~ s9rcaa roct,^~r«tinet nt rPnair is: Nrr,nrrirsarly fe«s.~'e «;~ tl;r ~t:.^.r,+r;te~ ~'f t~vic A,tnrra~nr~ ;.
<br />not thereby .impaired. if such restoratsoza or report is rat ecazscrrni;.alt~> feasible. car if floc securit;u° of this ~artgage would
<br />b~ impaired. t'hc insurance prescecds shall be applied to the sums secured b~~ this ,l~crrtga;ge, a~•ith tine excess, if an,, paid
<br />eta a~Crrroa~er. If the Prapern is alaandone~i ha Harrower. ar is l3orra~ver fails to resporac to Lender within ~~ da~rs frart~ the
<br />date rtcatia:c is ~~r,aiied b~, Lander to Borrower chart ihe-insurance carrier offers to settle a claim, ar iiastzrance b+ezaefats, Lender
<br />is authn;iced tc~ collect slued appYc• flee insurce prrsexeds at l.,erader's aptiean either to restoration ar repair. of the Prvperta~=
<br />car t.o the su.~s s~~eu,zci h}° this l~artrxage.
<br />LJtalcss La;ndcr ar~d l~arrcywer other-r~'ise agree in a~vriting, sane Such anpiicatsar, of prc-eesd~;, to principal shall root extend
<br />ar pastpar~c ti'~e due date of thw rtaanthlti^ irastallrnents referred. tea ire pararapias 1 and ~ hereof car change the an~aunt caf
<br />such ;ns~tallrsac:n;. i, xancier pa.a~raplar lg laereaf flee Propert~~ is acquired lay Lender, ail right, title aTad interest of Barra~°er
<br />lira ~~md tc are", nrlsurarsc~~ ptalicies aid zta and.. tc> t}ae prates r~y,erecsf resultn,~ €rram c3ama,e to flee I'rapert>~ ~+riar to the sale
<br />or ,a,ytlisitiran si:tnii pis to Lerarier to the entent of flee surzas secured la~° tPxis l~lcargage inan~ediatel~~ prscr to su;&a sale. ar
<br />acquisiticsn.
<br />~. f'rr~irl~a a;tkrre s~ttd '~I,,auntertsa~ace ref F'raperr~°; Lescsetaelds. ~:c~ndaminlunxs; l~laraned' ~,,:a~ait I1e"c•eltapnrsents» Harrt~rtia~uar
<br />A,flal; keep :ia~ f':rcaperte irf goon repair arad sloe?? not cdrntrzit as"rite ear permit irr~apairrt~ertt o Bete:ioraticara of the prcafsert~
<br />araG steal; c,c:.~Jpl4 as~itl7 flee proarisia~ras taf and' lease ~x" thr:" l~lcsrtgae,rs ati a leasehalcl. if this :'~icRrtgage. is on a unit irl
<br />caaadartainiur~ err a ~Sa,~rar,ea trAait ~levc;l:•aprnettt, Hc~rrcrFer shs~i pus rfnrrra, al of Borrarti~er",s ablgataons under tl°-e dcclarati+~n
<br />r~° ~.avezacxxaR~ f~zt:atirs~ a: gt~verz~rr.~ the craradt~rra~r~l~rrn ar pianrred strait deajeiapnaent, tree law~ia~~:~ and regulatit?s c+ the
<br />c,asad~~srrain,urr, ~~sr pisuarled uxai~ develctpzra.et~a. ;:ri~i cr~rps'tt"russet dacuraaents. if a cc°ande~rrainiurn or pl~:~ned unit develapmeit
<br />zldcr is e~:er.u!~esi hd• ~ca.z:.~~.-e. ~n4 re;:~,zcie~: tagetlaer u•atta this ~rtage. the ec~afer~;~rits azasa a~reea;7ezazw c+t sts:la rider
<br />steal: he zac.cTF>ax;~ate~ .dz~a.~~ axa~ shRg: anzFer,d, ~zxd sup~-leriaerat the cc~vena;nzs and ,areernerats of t~rib ;tic~z'tgage, as it tla~; rider
<br />~~et e a p~~x ?~ereca:.
<br />'", 4~'r•~ste+.ticzrs ~~ t.~ndrr"s ~ae~ua~rre 1~" ;i3orraa~~a:~ tails. tc~ per"farrra flee.. ceaa°ertarzts and t;,~r~er:l~:r:t~ caratairaed ix~ this
<br />.~ca;tgs~~t:, ~~ at ~st~t a~.t.i~r~ gar ~:~z'u~:w•dttz. ~ ~or:r;Y~3Mt3c;. ~ ~~ '1
<br />3 ~ bleb razate.ia, a~ ~e L ~~,~ca ante;~s cCae ~' t~
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