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$4 --- t.-~10594
<br />UNIFORM CoveN~N'rs. Borrower and Lender covenam and agree as follows: ,..
<br />1. Peyaneet art Prladpd wed Interest. Burrower shall promptly pay when due the pnncipai of and metre on the
<br />indebtedrttss evidenced by the Note, prepayment and late charges as provided m [he Note, and the principal of an~intercst
<br />en any Future Advances secured by this Mortgage.
<br />Z Faeds for Tatwe wed Iewraoce. Subject m applicable law or to n written waiver by 1_ender, Borrower shall pay
<br />to under on the day monthly mstaltments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stem (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, ii any. plus one-twelfth of yearly premium inatallmen[s for hazard.imu[attce.
<br />pens Otte-twelfth of yearly prertrium installments for mortgage insurance. if any, all as reasonably estimated initially and~.from
<br />time to time by Lender on the basis of assessments and hitls and reasonable estimates thereof.
<br />The Funds shall bt held in an mshtution the deposits or accounts of which are insured or guaranteed by a-FitderaP-or
<br />state agency {including Lender if Lender is such an institution). (..ender 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, unless Lender pays Borrower interest on the Funds and applicable-law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Aortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or-applicable law-
<br />requires such interest to be paid, Lender shall not 6e rtyvired ro pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borcower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and. th0
<br />purpose for whrch each debit to the Funds was made. The Funds are pledged as additional security for the sums xcurcd
<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 dates of taxes, assessments. insurance premiums and around rents, shall exceed the amount required to payaaid taxes;
<br />assessments, insurance premiums and ground rents as they fall due. such excess shalt be, at Borrower's option, either
<br />promptly repaid to Borrower or credired to Bnrrawer on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient ro pay taxes, assessments, insurance premiums and ground term as they Fall due;
<br />Borrower shall pay to Leader arty amount necessary to make up the deficiency within 30 days Prom the date notice is mailed
<br />by Leader tp Borrower requesting paymtm thereot.
<br />Upon payment m full of all scans secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph i% hereof the Property is sold ur the Property is otherwise acquired by Lender. Lender
<br />shall apply, no later than ttnrrtediately poor [o the .ale of the Property or its acgwsition by Lender, any Funds held by
<br />Leader at the t,me or application as a credit against the sums secured by this Mortgage.
<br />3. AppliceNae of Paymewts. unless applicable law provides otherwise. alt payments received by Lender under the
<br />Nate and paragraphs t and Z hereof shaif he applied by Lender fist in paymem of amaums payable to Lender by Borrower
<br />under pazagraph ~ htreaf. then to interest payable un the Note. then to the pnncipai of the Note. and then to interest and
<br />pnnctpal on any Future Advances.
<br />i. Char;~s; Lucas. Borrvwer she!! pay .:?! t.,ac> :..uumcrts :rid other charges, finis and impositions atmbutabie to
<br />the Property which may attain a pnonry over ;his 9lungage. and leasehold payments ur ground rents, if any, in the manner
<br />provided under paragraph Z herevwf or, if no[ paid m such manner. by Borrower making payment, evhen due, directly to the
<br />payce thereof. Borrower shall prompti}~ furnish to Lender ail nouces of amounts due under th+s paragraph, and in the event
<br />Borrower shall make payment directly. Borrower .hat! prompdt lurmsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any Iran whrch has pnonty ;r:er this Mortgage: provided, [hat Borrower shall not be
<br />regmred to discharge any such lien so long as Borrower alien agree in uruing to the payment of the obligation secured by
<br />such lien in a manner acceptablt ^v Lender, ur .bait m gaud earth rontea such lien 6y. or defend enforcement of such lien in,
<br />legal proceedings whrch operate tv pmvent the enforcement of the hen or tarteimre o[ the Property or any pad thereof.
<br />S. Huard lnsnreoee. Borrower shaft keep the impr,±vements new e.rsung ar hereafter erected on the Property insured
<br />ag¢jrtst loss by fire. hazards included wxhin the term "tarended coverage`, and such other hazards as Lender ma}' require
<br />and in such amounts and far such aenods as Lender may require; provided. [hat fender shall not require that the amount of
<br />such coverage exceed that amount of :overage requred to pay the sums ucured t,y this Mortgage.
<br />The insurance carne: providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not be unreasonably whhheid. .Alf premmms vn insurance pvtictes shall be paid tn~ the manner
<br />provided under paragraph 2 hereof or. ;f nut peed to such manner. by Borrower making payment. when due, directly to the
<br />insura~e cazrier,
<br />,All insurance policies and renewals thereot shah tx m form acceprabic tv Lender and shall include a standard mortgage
<br />clause in favor of and to form acceptable m Lender. Lender shall have die right tv hotd the pviicies and renewals thereot.
<br />and Borrower shat! promptly futntsh to Linder alt renewal notices and ail receipts ar paid premiums. !n [he even of loss.
<br />Borrower shall give prompt npuce to the insurance earner and Lender. Lender may make proof of toss if not made promptty
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree to writng, insurance proceeds shall be applied io restoration or repair of
<br />the Property damaged, provided such resmrauan ar repair is ervnomtcalty feastbh and the security of t}vs Mortgage is
<br />not thereby imparted, If such rtstarauan or repau is oat economtcal[y fcasebit or if [he security of this Mortgage would
<br />6e impaired, the insurance proceeds shaif be applied to the sums secured bq this Mortgage, wnh the excess, if any, paid
<br />to Borrower, tf the Property is abandoned by Borrower, yr if Borrvwer tarts to respond to Lender within 30 days from the
<br />date aotitt is mailed by lender to $urrawer :hat the insurance earner offers to stole a claim for insurance benefits, Lender
<br />is auWnrized [a collect and apply fix insurance proceeds at Lender's opuon ether to restoration or repair of the Prepeny
<br />ar to the states secured try this Mortgage.
<br />Uatess L.tndez and Borrower othetwix agree m wrung, any such application of proceeds iv pnnapal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />stilt insutBtttents. If uttper paragcaph !% hereof the Property a acquired by Lender. ail right, tide and interest of %orrower
<br />in seed to any insurance pptieia and in and to the proceeds thereof resetting from damage to the Property prior to the sale
<br />or angttisition shag pass to Leader to the ctcent of the sums secured by (lies Sfortgage immediately pear to such sale ar
<br />acgtaieitioa.
<br />6. Preetvta6en std MttittYenence of Property; Leaseholds: Condominiums; Planned Unit Derelopaeeals. Borrower
<br />shag icsep the Property is goad repair seed shag opt commit waste or perm( impatment er deterioration of the Property
<br />a~sbalk aarnply with the provisions tzP say least; if this Mortgage is on u ieasthatd. If this Mortgage is on a unit in a
<br />eondpminittm or a ptaaused unit development, Borrower shall perform all of Borrower's vbtiganans under the declaration
<br />or stlrenenb: creating pr governing the candomimum or ptanntd unit development, the by-laws and regulations of the
<br />cottdowtittiam ar planned unit development, and constituent documents. If a cundominitun or planned tint[ development
<br />rider fs-executed Ery- _Bormwer- and recorded t©gether a~rth this Mortgage, the covenants and agtscmeats of suoh rider
<br />ttttail lis ittaaxrpgemtf into tad ehal! 4mend and suppieaaent the covenants and agreements pf this Mortgage as if the rider
<br />wets. a patt;herteeG
<br />T..}r§riYlrcYM;qf-:Letders $katsily: If $ptrpwer fails to perform the careaants and ugteetrrona cantaintd in this
<br />Mertes: or if eny aatien ^r proesedfatg is cpmmettttd whrch matarialty selects Leader's tntettst in the Property,
<br />hart not I'wntid to, etnitieht domain. irtsolvtncy. c~ enfprcement, ar arrangements or prcxeedings involving a
<br />7ipt'1'M' d6jkd~rai Ytrltt LdtidC# at LEtIktCr''i pllt}pn, np4n ntTTlt,Y` Ip BprriJWCr. Rtay makC 4nC11 appeaCanCCS, dSabatrE SltCh
<br />stanaz ag7d. tsite• Stich' ~aetivn at is nectaaaty Sa protect Lender's +ntereat, nseluding, isut apt limned ta, disbursement cs[
<br />reasgn~bk artw'aey"s ft~ar snit-trot!-y upon the Prpperty to rrtakt repairs. it Lender required mortgage insurance ova
<br />etmditton s,t rrtalti;ng the #Yaran secured by tlru Mot'tgagt, Borrtnvtr shark pay the prcmrenas rtgvued to msintatn such
<br />iaasaatams in cdf+aair unto: stash titan as-the rtr{uirenesnt fur sttcfi insurance terminates :o a€cprdanat with Borrower's and
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