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83- 001450 UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows: 1. Paymeat of PrincltW lUJd lnterest. Borrower shaJl promptly pay when due the principal of and interest on' the indebtedness evidenced by the Note, prepayment and late charges as provided. in the Note, and the principal of and interest on any Future Advances secured by this Mortgage, 2. Faads for Tues lUJd Insunmce. Subject to applicable Jawor to a written waiver by Lender, Borrower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, untillhe Note is paid in full, a sum (herein. "Funds") equal to one-twelfth of the yearly taxes and assessments which may aUain priority over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, p1usODe-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time- to time by Lender on the basis of assessments and bills and reasonable estimates thereof. The Funds shall be held in an institution the deposits or accounts of which are insured or guarantced by a Federal or state agency (including Lende, if Lender is such an institution), Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account, or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Mortgage tbat interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to_ Borrower, without charge, an annual accounting of the Funds showing credits and debits,to the Funds and the purpose f9r which each debit to the Funds was made, The Funds are pledged as additional security for the sums secured by this Mortgage, If the amount of the Funds held by Lender, together with the fUlUre monthly installments of Funds payable prior to tbe due dates of taxes, assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes. assessments, insurance premiums and ground rents as they fall due. such excess shall be. at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly lOstallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay ta.xes. assessments. insurance premiums and ground rents as they fall due. Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting payment the,eoL Upon payment in full of all sums secured by thiS Mortgage, Lender shall promptly refund to Borrower any Funds held hy Lender, If under paragraph 18 hereof the Property" sold or the Property IS otherwise acqUIred by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or ils acquisition by Lender, any Funds held by lender at the time of application as a credit against the sums secured by this ~"ortgage, 3. AppJiclllloa of Payments, Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I and 2 hereof shall he applied by Lender first 1O pa,.ment of amounts payahle to Lender by Borrower under paragraph 2 hereof. then to interest payable on the NOIe. then h") the principal of the Note. and then to interest and principal on any Future Advances, 4. Cbarges; Lieas.. Borrower shall pay all taxes, ;lssessrncnts and lllhcr charges. fines and Impositions attributable to the Property which may attain a priority over this Mortgage. and leasehl)ld payments \..lr ground rents. if any. in the manner provided under paragraph 2 hereof Of. if not paId in .such manner. by Borrower making payment. when due. directly to the payee thereof, Borrower shall promptly furn.sh to Lender all nollces ul amounts due under thIS paragraph, and in the event Borrower shaU make payment direclty. Burrower s.hall promptly turmsh ttl Lender receipls evidencing such payments. Borrower shall promptly discharge any hen which has pnonty over this. Morlgagc~ provided. Ihat Borrower shall not be required to discharge any such lien so long as Horrower shall agree in \.\ riung 10 the payment or the obligation secured by such lien in a manner acceptable to lender. or shall in gl)(Jd tanh comest s.uch hen hy, C\r defenJ enforcement of such Hen in, legal proceedings which operate to prevent the enforcement of tht' lien llr forfeiture of the Property or an)' part thereof. 5. Hazard IlISlU1lD.Cee Borrower shall keep the Improvements nov. c,-isting or hereafter erected on the Property insured against loss by fire, hazards included within the term "~xtendcd C(l\'.:rage". and s.uch other hazards as Lender may require and in such amounts and for such periods as Lender may n:quir~; pn"V1deu. that Lender shall not require that the amount of such coverage exceed that amount of CQ\reragc rcqum:d to pay t he sums secured by thiS Mortgage. The insurance carrier providing the insurance shall be ~hosen by Borrower subject to approval by Lender: provided. that such approval shall not be unreasonahly withheld, All prenuums on insurance policies shall be paid m Ihe manner provided under paragraph 2 hereof or, if not paid in such manner. by Borro""r making payment, when due, directly to the insurance carrier. All insurance policies and renewals thereot' shaH ~ In fom\ ..H,'ceptabie to lent..ier and shall include ,1 standard mortga~e clause in favor of and in form acceptable to Lender. It:-nd.:r shall han.' the righl 10 hold Ihe policies and renewals thereof. and Borrower shall promptly furnish to Lender all renewal nollces and ,III receIpts of paid premiums. In the event of loss, Borrower shaH give prompt notice to. the insurance carrier and Lender. Lender may make prot.lI llf loss II nul made promptly hy Borrower, Unl~ lender and Borrower otherWls,e agree in \.\ ntlllg. insuran..:c pn:x:ecds shall be applied !o restoration or repair (\f the Property damagcd~ provided such festorallon ,,-'IT repan IS cl.'t.momically Icasiblc and the securi(y of this Mortgage is not thereby impaired. If such restoration or repair IS not c.,;onmllil,.'ally fC;'lsihle ll( It the securil)' of this Mortgage would be impaired, the insurance proceeds shall be applied 1<' the sums secured by this Mortgage. "ith the excess, if 'lilY, pa.d to Borrower. If the Propcny is abandont.-d. by 8l)rn)Wer. llf' It 80rh)Wer tails ll-l respond If \ Lender within 30 days trom the date notk-e is mailed by Lender to Borrt)wer that the insuran~ ~arrier lltleTS to ~cule ,3, claim for insurance benet1(s. Lcndt:r is authorized to collect and apply the insuranc'C proceeds at l.ender's option either to restoration or repair of the Property or to the sums secured by this Mortgage, Unless Lender and Borrower otherwise agree in \\-riting. any such application of proc~eds lO prIncipal shall not e~tend or postpone tbe due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such ill$la!lments, .If under paragraph 18 hereof the Property is acqUIred hy Lender, all nght, title and interest of Borrower in and to any insurance policies and in and to th1: pr()(.~s the'reof resulting from damage to the Property prior to the sale or acquisition shaU pass to Lender h) the extent of the sums Sot.'Cured by thi5 Mortgage inun~iate1}' prior ltl such saJr or acquisition. " ~ lUJd MaiatellllllCe of Property: Le_hoIds; (:ondominiums; Planoed Vnil llivelop_nts. Borrower ahaII keep the Property in good repair and .hall nol c'Offimit waste or permIt impairment or deterioration of the Property and shall comply with the provisions of any lease jf this. Alongage 1$ l,ln a leasehold, if thi~ Mortgagr is on ~, unit in a condominium or a planned unit de,'e!opmem, Bonower :-.hall perform all of Borrower's obligations under the declaration or coveoaots creatio& or governing the ctmdominium or planned. unit development. [he by-laws and regulations. of the condominiun1 Of planned unit development. and constituent documents. H a condominium or planned unit development rider: is. euculCd by Bonower and rc.,:orded together With thiS Mortgage. the covenants and agreenlems t,}f slIch nder shall be inoofPOl'llted into and shall amend and supplement the co'etlams and agreements o! thIS Mortgage as If the ride.. wen> a pall hereof, 7.- ........... of .......~ Seauity. If BOJTower fails to perform the covenants and agreements I.'(lntitined in this ~ QI'. if any a<.'tioft or proceeding i. c'Ommenced which materially affects Lender, interest ill the Property, indudin~ ,but no( limited-to, eminent domain, insolvenc)" i:(~ en1orcefnenl. l'~r aff'ologemenls or pn"lCt."edinllts, invol\.'ltlg a ~ t)t ~ tbeo Lender at l.ender'. option. upon nOl....., t<, Borrower, may make such "ppearunc'CS, disburse such - aIllllake IIIIllI a.:tioo... i4 _y Ic' pn>!ecl Lender'. interest, IOcludillll, but n<>! limited to, dISbursement <,! r-.blc f.lll)rDey'. ~ and entry upon the Property In mue rep..". It Lender required m<)rtgage insurance as " ~of maIl:illatheloan-.uredbythi.~(ot.IlIage. BolTOwer ,hall pay th. premiums ",</Imed to m"intam such ......... In etfect untit .web W:De. Ai the reqUltftllellt tOt' ,"uch m-.ur'ance terminate:!l III accordam:c Wtth Bormwer's -and ,.' :."