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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PrinclpaI and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by tbe Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage,
<br />2. FmItIs for Taxes and InsIaauee, Subject to applicable law or to a wrillen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum {herein "Funds''} equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage. and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonabl:; estimated initially and from
<br />time to time bv Lender on the basis of assessments and bills and reasonable estimates thereof,
<br />The Funds shall be held in an institution the deposits or account' of which are insured or guaranteed by a Federal or
<br />slate agency (including Lender if Lender is such an institution), , Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents, Lender may not charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills, unle." Lender pays Borrower interest on the Funds and applicahle law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage mat interest on the Funds shall be paid to Bor,ower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required t<> pay Borrower any mterest or earnings on the Funds, Lender
<br />shall give to Borrower. without charge. an annual accounting of the Funds s.howing credits and debits to the Funds and the
<br />purpose tor which each debit to the Funds was made, The Funds are pledg<....! as additional security for the sums secured
<br />by this Mortgage,
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due datcs of taxes. assessmenlS~ insurance premiums and ground rents. shall exceed the amount required 10 pay said taxes.
<br />assessments. insurance premiums and ground rents as they fall due. such excess, shall be, at Borrower's option, either
<br />promptly ,epaid to Borrower or credited to Borrower on monthly IOstallments of Funds, If the amounl of Ihe Funds
<br />held by Lender shall nol be sutllcienl to pay taxes, assessments, !Osmance premlllms and ground rents as they fall due.
<br />Bonower shall pay to lender any amount necessary to make up the deficiency wlthm 30 days from the da.te notice is mailed
<br />by Lender 10 Borrower requesl1ng payment thereoL
<br />Upon paymenl 10 full of all .UIDS seeu,ed by th.. Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender, If under paragraph I S hereof the Property IS ,old ,'r the Propertv IS otherwise acqUIred by Lender, Lender
<br />sbaJl apply, no laler than Immedialely prior '0 the ,ale "I .he Property or its acqulSllion hy Lender, any Funds held by
<br />tender at Ihe tune of application as a <'redit agalO" .he sums "",ured hy thIS Mongage.
<br />J. AppIinItlooo of Payme_ Unless apphcable law prOVIdes "therwi"" all payments recei,-ed by Lender under the
<br />NOle and paragraphs I and 2 herrot .hall be apphed by Lender tiN 10 payment ot amounts payable 10 Lender by Borrower
<br />under paraaraph Z hereof, then to IOterest payable ,:"n the ~utt". then H' the principal of the Note. and then to interest and
<br />prtnclpal on any FUlure Advarn:ea,
<br />4. CIaaraa; LIeaL Borrowcr ,hall pay .,U ta\c~. .l,~~'\mcnts .mli l'thcr ~h.nges. fines J.nd tmp'"lSitions auributable to
<br />the Propert}' which may attain a pnority over thl\ Mortgage. and lea~h\'ill p:a)'ments or ground rents. if any. in rhe manner
<br />provuled under paragraph 2 bereof or, If nol paid In such manner. b, Borro"er makmg paymenl, when due, directly to the
<br />payee thereof. Borrower shall promptly furm,h to Lender all llO!lCes 1'1 .m,.>unts Jue under IhlS paragraph, and in the evenl
<br />8orro-'wer shall rna.te- payment directly. ROrfl.lWer ...hail pn..lmptly tuma'ih tl"l Lender receipts eVldcfl(:lUg such payments.
<br />Borrower shall promptly discharge any hen wb",h has i'"onIY ,wer tb" Mort,~; proVIded, thaI Borrower shall nOI be
<br />reqUIred to dtscharae any such lien '\\.) long ,,~ Borrower \.haH __!tree In u. rtHng 1ft the pa)'-ment of the obligation ~ured by
<br />such hen an a manner acceptable to lender. \)1 .,.haJJ m g\.x\ti t alth ,"'onle'" s-uch hen hy. {"f defend enforcement of such Hen in.
<br />1q;a1 proceedinp which operate to pre-vent the cnh'fccmenl ..." the hen (\r forh'ttwc of the Property or any part thereof.
<br />S. Huard~. Borrower shall keep 1he lmph'\'e~nl' n(\" c.-\l:iung (\of hc:rcaItcr erected on the Property tnsured
<br />against Io5s by fire. ha.zards includ<<i wl1hm the tenn "~'tt"ndcl.i ';\)\,i:ragc-u, and uKh other hazards as Lender ma)' ~uire
<br />and in such amounts and for Slk:h pc-nods. as l.ender may reQuIR': prondcd. that Lender s.hall nor require that (he amount of
<br />such "O\'eraae exceed Ibat amount \Jt ,,:o~'c-r. f~uucd h_' ra~- the ,um~ ...ecured h\' thi.s ~tortg..
<br />1be insurana: carner providing I.... InsurilIK'C: sh..ll be I'hilicn b, Ilorr",..er ,ubjecl to approval h)' l.ender: provided,
<br />that such approval shall not be unrea><.>nabl)' withheld, All pr~rr....m' ,'" Insurance pulicteS 'iball be paid III the manner
<br />provtded under paraaraph 2 hereof or. .f nol po.Hi in ....It manner, b) Ilorr"..er mBi"n. paymenl, when due, dIrectly 10 lhe
<br />insun.oce carrier.
<br />AU iftsurance pohc&e5 and rcoc-vwab, lbe-re4."1 ~aH t!It' Ul h.lm\ ..l..-..'C'rl.lbic h.l ten\icr dnd \haU If\dude a _')Iandard mortJ8IC
<br />cl_ lD favor of and in form .........ptable '1' Lender. tender ,""u h~.e lbe IIChl W ho..,Jd I.... f'<.,jicics ...\\1 renewals lhereof.
<br />and Borrower shaU promptly furlUlh to Lender ~lIlC~al .",,"'.... anJ .11 _....pt. 01 paid pfCftllUmS, tn I.... evenl of loss.
<br />llonower wllJlY< prompt not..:e '" the l""ur..""e ".rr....r ~IlJ I coder tende'"",y mal.e prool of loss It nol made pmmptly
<br />by Borrower.
<br />Unlcca Lender and Bonower otbe","... aaftt m .. nllnJ, Insura"',< 1'f''I.'C'eds shall be "pplled h' resloralion 0' repair of
<br />t.... Propeny dama&ed. proVIded ......It restorallon ," """Il " Cl.,,,,,""....all), fe4S1ble and lhe >"Cunty \If Ib" MonKage ..
<br />- lhaelIy impatnld, If such restOlal..", 01 """'IT IS not ",_",all)' le....ble or ,t the "",umy of Ih,. M<'ngaae would
<br />be UIlp8in:d, the ltI8UI'lUlCe ~ shall be appllo.! 10 the ..- .........red by thIS Mottl..... "llh lhe es,'CS$, if any, patd
<br />10~, If the Propeny IS o.ba.odtmed b. lIorfO'OCl, ," .t Born""ff lad. 10 respond 10 Lender w,mlll 30 days from t....
<br />date llOIice IS matIed by Lender 10 Bnrn.""er .hal ..... "....noocc ,'"rner L>ften h' >eltle " dalm for msUran<< benefits, Lender
<br />is auIborUed 10 collect and apply t.... I............... proc:oeds .1 tmo.ler's "plll'n e..her 10 n:atOnIllon or repair of lhe Pmpeny
<br />01 to the sums ....:tJRtd by thia MOI'IpF.
<br />U..... Leoder and ~ otbe..._ "1"'" :n ""IUIJ, my .uch appbca!lon .>( proceeds to pnnclpal ,hall nOl e'lend
<br />or poatpaoo !be due date of lhe 111"rnbly installments re/e,red to III paraa....ph. I and ~ hereof or chlUlJC' the amL\unl of
<br />sudllnorallmerlls, If UDder PlIRIfllph III benloll.... Property" ...."..ued b~' lender, illl n/llll, tllk and inleresl of Borro..'er
<br />in and 10 any IDIUhDCC: pnIlCM18 and in and 10 the proo;eojs 1....""'1 result,... fml11 damage to I.... Propcrt)' pnor 10 the sale
<br />or .............. &ball .... to Loodu to the e.s.leat of I.... ""m ...cured b)' tbt. Mortpgc Immedtalel)' pnor t" 'och sale or
<br />acquiIiliaIt
<br />.. ~......... ft" it 1 w .. ~ 1'-""'- ('... ..<hd _ """""" ll_ llew I '.r.... lk>rrowcr
<br />&ball bep the Property fa eood repair and &ball not coautltl ""lISle l>r pemut Impairment or deterioral1On of lhe Property
<br />... IItaII comply with lhe pmvIsooas of any __ .f Ib.. M<>rIP&" " on a leaoebtlld. If thIS Mongaac " 0" . IInll III .
<br />,t-" ' .. 00: a ,.wu..d IIDtI de..............' Borm_ >hall penorm ..U ,'1 Born,..e., ,>bIIPI"_ under the declarat,,'n
<br />or --.. ~ or IOWf1lIDI the ,'OftdomllUwn or planned \lnll dewelt"""""l, t.... hy,la..s and rel"lat",". I'f .he
<br />--k '(.. or ,.wu..d IIIliI ~t, and ._lIuenl docwnenlS It. <<.>nlk"""'rUl11 l>r rlanoed """ ,Ie"~l"pmertl
<br />ridIr .. CUlCUUllt II)' lIorrower and reconletl IUlCther ".Ib .blS Monl"', the co.."".... "nd "I_nl> ,'1 "",h ",ler
<br />..... be _(IOIIIlMtII- ... &ball iIIDeIld and suppIeIneol t.... ,'o'..nanlS .nd aarecmml. 1'1 Ih" M""I.... n .t the ,uIer
<br />_..,.,. hlnol,
<br />7. ~........... s..wtlJ. II Born_ !.\llo lL\ perform I.... ,,,)_.nts and """,-"ls ,,,..tal oed III ,hIS
<br />........ ot if .., _ (If ..-.... 'S ,~ ..""'It mal..nally .dI....,,, t..nder. IUterest ... lhe PU>pert\.,
<br />........ but ... ...... to. _ ......., r-v-y, ,.... m'Of<ement, ," allan..._.... <'r pn'l.-....Jrn.. ,"voI""'1 .
<br />..... or...... ... ......., III I"""'" ........... upon _ to Borr~r. may mate ......b "ptlC8ran.....,., J.sbunc suclt
<br />_ .... ... ... ....... as 18 ~ I" pn>t<<t I.......'. .111..'..... IIlcludl..., but oot hm.1fId 10, ,b>hunement ,.t
<br />___ ~', '- .... .....,. ..,.,.. the Pro,erty to ma"" '.....u. If lender .t>q...rN mort...... :n'\lnn<~ ., "
<br />~ of ...... tile .... -.d by lit.. "'''"Iaac. Bon:<_ ,""'I p.y lhe prem_ 1t>qUlro.l to malltlaln 'lIl'h
<br />- .. .......... 1lUdI _ .. lhe ...._ tor ......It '............. lermlnates In .......'Ofda"'~ ,,"h 8<>fn"'~r" .n<I
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<br />83-0011J.d
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