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<br />83-001400
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<br />UNlFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymont of Princlpal ami Interest, Borrowe' shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges ilS provided in the Note, ilnd the principal of and inte,est
<br />on any Future Advances secured by this Mortgage.
<br />Z. FUDds for Taxes amIlnsorance. Subject to ilpplicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest arc payahle 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 \vhich may attain priority over this
<br />Mortgage. and ground rents on the Property. if any. plus one-twelfth (If yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearty premium installments for mortgage insurance. if any. all as reasonably estimated initially and from
<br />time to time bv Lender on the basis of assessments and bills Jnd reasonable estimates 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 />state agency (including Lender if Lender is such ~n institution). Lender shall apply the Funds to pay said taxes. assessments.
<br />insurance premiums and ground rents. I.ender may rwt charge tor so holding and applying the Funds. analyzing said account.
<br />or verifying and compiling said assessments ;wd hills. unless Lender pays Borrower interest on the Funos and applicable law
<br />pennits Lender to make such a charge. Borrower and Lender lllay agree In writing at the time of execution of this
<br />Mortgage that interest on the Funds shall he paid to Borrower. ;lnci unless such agreement is made or i:lpplicable law
<br />requires such interest to be paid. Lender shall not be required 1('1 pay Borrower any Interest or earnings on the Funds. Lender
<br />shaH give to Borrower. without charge. an annual accounting ()f the Funds showing credits and dehits to the funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as addirion;ll security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender. together \\'ith the future monthly Hlstallments of Funds payable prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents. shall exceed [he amount required to pay said ta-xes.
<br />assessments. insurance premiums and ground rems ~1S. they fall Jue. "lIch t:\cess shall he. at Borrower's OptHlll, either
<br />promptly repaid to Borrower or credited w Borrower nn monthly lllstallrnents ...,{ Funds. if the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes. ~ls.~essmenrs. insurance premiums and ground renls as the)' fall due.
<br />Borrower shall pay to Lender any amount necessary to maKe up the licticlcncy \\dthin 30 Ja~-s from the date notice is mailed
<br />by Lender to Borrower requesting payment thereot
<br />Upon payment In full of all sums secured by tl1i';. Mortgage. Lender ~haJl rromptl~' r~tund I...' Horrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property I" 'H)ld ...'1" the Propert\' I~ t'therwisc 3cqwred by l.ender. Lender
<br />shall apply, no later than Immediately prior to the ~a!c ,-~f the Property ("If Its a.:qUlsitlOll hy t cnder. any Funds held by
<br />Lender at the time of application as a credit agamsl the sums ':>ecurcd hy thiS ~h'ngage.
<br />3. Application of Payments. Unless applicable law provlJes Nhcrwisc. all payments received by Lender under the
<br />Note and paragraphs I and 2. hereof shall be applied hy Lender nn.t In pa~ mcnt ;,l[ amounts payable ttl Lender ~y Borro\\'cr
<br />under paragraph 2 hereof. then to mterest payable ~ln the ~l'Ht.'. then In the- prinCipal l)t the NOli'. and then h' interest and
<br />principal on any Future Advances,
<br />4. Charges: Liens. Borrower shall pay ;111 tdXC.\. .I"'''~~~fllcnts JlHl l'rhcr ...'h~lr~cs. tIne.... and l111pt)SltlllnS atlnblltahlc w
<br />the Property which may attain a priority over ttll~ Mortgage. and kascholJ payments ,Ir ground n:nts. if ~lllY. In the manner
<br />provided under paragraph 2 hereof or. if not p~luj ltl Mh.:h manner. h Borwwl'-r maKinf! payment. when due. lhreclly to the
<br />payee thereof. Borrower shall promptiy furmsh to I.ender all I1I..H1\."CS ~~r amounts due under thiS paragraph. and in the event
<br />Borrower shaH make payment uire(;tly, BOTW\\'-cr "hail pn.'Olptly !tlrnl\h tl' I emkr ft.'\..'cipts I:vldcm.:mg sllch p"ymcllls.
<br />Borrower shall promptly discharge any hen \\hlCh has pnofny ;,\\'I:.'r thl'i ~-1onga~c: pr...wldc-d. Ihat Ih)rrower ,hall not be
<br />reqUIred to discharge any such lien ~o lnng as Borrower shail agrcl..~ J1l '''' flt:ng h' the f',l~ mc11l ~)l the obligatIOn ~t:l..'urcd hy
<br />such lien in a manner acceptable to Lender. or ~hall in good Luth ...'...)ntl.~t :-t1.:h lien [\V, ..\f defenu enforcement (It sw:h lien in.
<br />legal proceedings which operate to prevent the cnh~rcement 1.'1 the lien \'f tortelturc of the Property l'r ,lIlY part thereof.
<br />S. Hazard lnstU1lftce~ Borrower shali k.\."ep the Il1lprc'\"~mcnh n.....'\ l."'\I'illng ~'r hen:altcr l~rL'clcd on lhe Pr~'pcny Insured
<br />against loss by fire. hazards included \\ Ithm the (erm ......\lendcJ ":i..1\cragc' . and such \\thcf hazards a~ Lender may n.~qUlre
<br />and in such amounts and h)T such perKxts a~ Lender nuy fe-qUirt'; prl~\ !tied. that i cnder ...halt nt't rt:4111rt' that the afllt)unl ot
<br />such coverage exceed that amount ...)f coverage feqUln::d r..... pa\" Int' ..urn... -...c-t.:un..'d i;y In!:> M(\ngagc.
<br />The insurance carrier providing the insurance shall he: I..:ho~n hy Born~wcr subject to ~lppfo\'al by Lender~ prOVided.
<br />that such appro,,'al shall not be unreasonably withheld, All prenuurns ...m irJsuran~c pt,)ht,;ie~ shall j:..c- paid III the manner
<br />provided under paragraph 2 hereof or. If not paid in ~lh.::h manner. by Bt)rrCl\\Cr maklOg payment. when due. Jm~diy to the
<br />insurance carrier.
<br />All insurance polil~les and renewal~ thereot s.hall be 10 h'rm .h,:"':Cpt;10k h) t cnder .HH.I shall II1dudc ;l ...landarJ mortgage
<br />dause In favor of and to form a;..:ct:::ptable t...) Lender. l.cnda ..hall h~\t' the light h' hllld thl..~ p;.llh..'ics ..lIld n:ncwab. thereof.
<br />and Borrow'er shaH promptly furnish to Lender ,,1I rcnewitl rh..){l.:e~ ,UlJ dll n:cclPts ,)1 paid premiulll"". in the l'\cnt t'l loss.
<br />Borrower shaH give prompt nOlJCti to Ihe Hl~UI .tm:e \.'~rrlt.'r .HH.t l.elH.h:-r. t cmkr 11lJ.~ mak~ proot (\t Il'~S If fh'l madt~ promptly
<br />by Borrower.
<br />Unle,ss lender ami Born..lwer O-Iherv.-l'"t; a~rt.~ III \\ nHn~. Hl'l.l.U.U\;,,_'~ prt":~c..h !\haH ht.' ..ipplied 11..' n:"ihlration (If repair of
<br />the ProperlY damaged.. pn.wlued sUl.:h rest('ralH.'ll llf tt:p.ur l~ (,'\.:I..\ll;.'ml\.'~lll~' lI.',lSlhlc .IllU the "'~,-"UflIY 01 thiS Mortgage I...
<br />nOl thereby impaired. H such n::slOrallon or rcpdH is Ih\1 l....:~'n\'mH.:.J.Ii\ k~Sihlc \\r II the ~~cUflty ~)f lhis Mortgage would
<br />be Impaued. the insurance pcoceetis 'J.hall be applied h' the :o,UU\S :-.t.''';UfCJ h\ lhls _Mongagc, \\ilh the c'-ce~-s. If ..my, pa:d
<br />to Borrower. If the Property IS abam.:hmeti 11\ Buuo\o\cr. ~'r l! HLlrr;,,,..\-t~r l;uh h' I;,..'~pond It) Lender Wlthlfl 30 day~ 11....)111 the
<br />dale notice IS tmtiled by Lender to Horn,l\\er that the wsur..Hh.:C .:arncr '''Hers io ....~ttk J claim f,)r lll~UCanl.:C bencths. 1 (.'nda
<br />is autho-rizcd 10 collect and apply the msurancc rflx."eed~ ,-il Lt:I1l.1cr 'oj ...~ptlL'n either to reswrauon 1,)[ repair of lhe Property
<br />or to the SWllS >.:cured by this Mortgage.
<br />Unless Lender and Borrower othef\\b~ agree Hl \\-l'Itmg. .ln~ HKh applkallon \A pr...x:ceds h) pflnclpal ~h;tll nol \:\.tcno
<br />or postpone the due date of the monthly installments rcferre-u h.\ lil paragraphs I J.nd .2 hcrcl,Jf tlr ~:hangc the ..tlnouut ~,f
<br />such installments. if under paragraph i S h~reof the Pn)pert\ I... a.:\.{wr-cJ ~y Lcnder. ~1i1 nght, tnle ;wu inlcr~t \)1' Borrower
<br />in and to any insurance policies and in ~HlJ h' the pn::~l't:d!) thereol rl:'suitlng from JalHag~ to the Property prior to (he sail.:
<br />or acquisition shall I*SS to Lender h) the c'\h:nl \'i the ~unb ::.t.'cur~J b~ Ihl\ ~Iorlg~\gl.: lllHllcdialciy prior Il) ",uch ~alc or
<br />acquisition,
<br />6~ Pnte-n-adoa aad :\r1ain-te-nam.-e of Propert,-: lease-holds; ('ondominium~: Planned Cuif lle-veJupmcnls. Borrower
<br />shall keep the Property in good repair and s.hall nOI !;ommh ;\ aslt: I..H {.1Crmn Impanment or deterioration of the ProperlY
<br />and shall comply with the provis.lons 0{ any )ea5.e if lhl~ !\h.1ngage I" ...)0 a kaschold. If thl'i Mortgage i" ...11\ ,I lllut In .1
<br />condominium or a planned umt devck1pment, Borro\O\'C'f :'\haii ~rf\'rm aU of Borwwer's ~)bhgali\m:!!. under the dt..'daratwfl
<br />or t;:o-ve.n.ants ,reating or governing the \.'l...moomlOlUm {.'r planned U11I\ Jevdc.'pmcllt. the hy*laws ~Hld I"~guli.ttions of the
<br />lo:ondomiruum or planned unit de"'elopment. and t.:QnSUll.tetH 'lk'ICUmCllls. f t' ;.l nmutmunium llr p-l<-lnncd Utllt dl"\"d",'pmenl
<br />ndcc 1$ C..x~uted by Borrower ,;"no ftto-<<..ted logether \>O'lln th,.. MOrl~agc. the (ovt;-nants ~lnd agreelUcnb l\t ~lh.:h flder
<br />shall be: incorporated into and shaU amend ;10..1 ~uppkmenl the- \,;'U\.'ClHtnlS. and agrcc-Olctlls t~f thl'" Ml)rtga!ll~ a.. d the !lder
<br />were " pari. hereof,
<br />1.. ~ of 1A:ader'. SeaaritJ. If Borr\)wer L-:uh- iO pcrhHm the \.'ovenanh ~lIlJ ag.rt'-cmclHs \:...'OlnlncJ III lhl"
<br />Mot"'~ or if any ileUM \,\1' proceeding 1"- "'-l.-lffi.mcrn.-ed whtch mittcnaH~ ':ltTects LcnJa.... llHerest in lht~ Pr(lpt'rt~.
<br />indudm,. but fl()( limited to. eminent domain. lftll,ol\'cru:y. Uk1c t.'nt"..m.:cmenl. fIr ;lrrangcm~lll~ (II' pn.\l.:ce-Oings m"oi\'H1~ It
<br />bankrupt or doced&ml. then l.ender at Lender's OI~1(\n, upou notlce It' Rornvw'er, may make ~u...:h "pp(~atanct...'"S, dl,bur:-.c ,th:h
<br />MImi .pcl lake tueh ~titlc " t$ 1~'e-\l.'..I:'Y It) protect Lender\' Inh:-rest. l!ll:luJm~. hm not liOHlcJ h'.. ;,hsburscI1lCn1 \'1
<br />f~ .lto.moy'~ tees at\I,1 eJlII')' upuo_ tllt- })-roperlY 10 make rcpio\lrs. It t.e-ndcr ft~4tH1fl-:d nhlng~t' ltl'-'lIl<ln..;C ~" ,\
<br />cOftdlt,ton (If mak.in, lhe loan ~w-cd by thn, Mort8age. B'{lfTH''''-'t.~f :'ihaU pa')-' the pfemIUnl'~ f{'.q\lIrt.~d h\ maintain "lh.:h
<br />iNlUl~ in effect untd ~b hrnc u the f't'qmrc,mf:nt fOf !'\.Ut;;:h m~ufam.-'C h'rmtllat~~ ~n .i.;.:~urd.n...'(' With Ih1rn,wt'r\ and
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