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<br />Udrt=oxat Covexetvrs. Borrower and Lender covenant and agrce as follows:
<br />1. PayateM o[ Pdaipl anti Interest. Borrower s#all promptly pay when due the principal of and interest:on~the.
<br />indebtedness evideeced by We Note, prepaymettt and late charges as provided in the Note, and the principal of adl`int![rert
<br />on any Future Advances secured by this Mortgage.
<br />2. FtaaM for Tana aald Inwaure. Subject to applicable taw or to a written waiver by Letttier, Borrower shall Pay
<br />to Lender on the day monthly installments of principal and interest are payable undert}ie'I3ote imtil'tbe Note is paid in full,
<br />a atmt {herein `mounds'") equal to one-twelfth of the yearly taxes and assessments whietti--may'-bthtin.priority over this
<br />Mortgage, and grotmd rents on the Propertq, if any, plus onafwelfttt of yearly premium installtnm4lor. fianrd ittmrtttsce,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonablyestimated=initially and from
<br />time to lima by Lender on the basis of asseasmenta and bills and reasonable estimates tlieteof.
<br />The Funds shall he held in an institution the deposits or accounts of whieharts"ittaamd or gttannteed:by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shag apply the Funds to pay said"taxes; ~aswsmenp,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds,analyzingUiaid account,
<br />or verifying and compiling said assessments and bills, unksa Lender payx Borrower in[ercst~on the Funds'and:appiicabie law
<br />permits Lender to snake such a charge. Borrower and- C_ender may agree in writing at the time'-of -execution of ibis
<br />Mortgage that interest on the Ftmds shall be paid to Barrower, and unless such agreement is merle or applicable law
<br />requires such interest to be paid, tender shall not be required to pay Borrower any interest or earoings-.otr the Fonds: Lrnder
<br />shall give to Borrower, without charge, an annual accountine of the Funds showing creditx-and debit8to the-•Funds:attd the -
<br />purpose far which each debit to the Funds was made. T'lie Funds are pledged a, additional saettrity for ttte-~stmts secured--
<br />6y this Mortgage.
<br />If the amount of the Funds held by Lender, together with the fuare monthly installmentx ofFunds-payable--.,pciorto--
<br />the due dates of taxes, assessments, insurance premmms and ground rents, shall exceed the amount required io.pay;aid-laxes,.-
<br />assessments, insurance premiums and ground rents as [hey fall due, such excess shall he, at Borrowers option;"-either-'
<br />promptly repaid to Bo :-over or ::redired tzr Borrawes or. monthyy installments of Funds. if ilia amotmt of tlir Ftind
<br />held try Lender shall not be sufficient to pay taxes, assesstnems. msurance premiums and ground rents ae~ they-fall-dtte,•
<br />Borrower sha31 pay to Lender any amount necessary to make up the deficiency within 30 days from [hey date noricais~ maikd~ -
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by thrs Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IS heccroi thz Property is sold or the Property rs otherwise acquired by Lendeq Lender
<br />shall apply, nn later than tmtnediately prior to the sate of the Property or its acquisition by Lender, any Futtds held by
<br />Lentfer at the ume of application as s credit against the sums secured by thts Mortgage.
<br />3. Application of Payments, Unless applicable law prcvtdes otherwise, all payments rzceiaed by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender fiat m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 herwl, then m interest payable un me Note, then a, the principal of the Note, and then to interest and
<br />prtncrpal on any Future Advances.
<br />3. Cbarrtes; [Jens. Borrower shall pay al! taxe...rsessments and other charges, hoes and :mposiuons attributable !o
<br />the Property which may attain a pno city aver thr5 ;•Aorrguge, sod leasahuld payments or ground rents. if any, in the manner
<br />provided under paragraph ~ hnreot or, it oat paid sn such manner. hs Borrower making payment, when due, directly to the
<br />payce thereof. Borrower shall promptly furnish to Lender all notrcesoi amounts due under the paragraph, and in the event
<br />Aormwer shall make aayment drrectly. Borrower ;hall prumptlg turnssh to 1_ender receipts evidencing such payments.
<br />Barrower shall pr~tnptiy discharge any Gzn whrch has pr:onty over thrs Mortgage: prov: tied. !hat borrower shaft not be
<br />requred tv drsc:hargo any such Gen sn long as li?>rrau-CS shall agree m w Hang to the payment ut the obhgntion secured by
<br />such lien m a manner act-eptabtz n, Lender. ur Khali m pond fuuh come,: such Len by. or ticfend enforcement of such lien in,
<br />legal proceedings which operate to prevent the zm orccmcnt or thz hen ar fortznure of the Property or any part thereof.
<br />5. Nvard tnaart[net. Borrower shad ku:p Rre ~mprr:vemcros now evrsaag ar hereafter created on the Property insured
<br />against lass hr' fire. hazards included wnh±n the roan ' ertc•ndec! e~werr gc ", and such other hazards as Lender may require
<br />and m such amounts and for such t,~raWs as Lcndcr mat tnluue; provided. mot Lender ,hail rim regmre that the amount at
<br />such coverage exceed that amount ut rnverage reywred to pay the :ums ,ec:: red b}~ the Mortgagz.
<br />The insurance Lerner provsdmg the :asuranc., shall tx chasm by Aotrower sdblzct to approval by Lender; provided,
<br />t.hai such approval shall no[ be unreasonably vvuhheid- Ali pretruums :m msurance palraes ,hall bz pxid u' the manner
<br />provided under paragraph 3 herzul or. d not peud m suei: nsannet. by Butrauzr making payment. when due, daeztly to the
<br />msurance earner.
<br />Atl insurance pohctea and renewals tirerco: shah hr u: !.?rm ~ eeptsble ~a Lanier ertd ,hail include ,r ,inndani mortgage
<br />.cause m favor of and m form ecceptai+lz to Lender- ! ;rider shall h,rvr the ngiu to bald the. policies and ranee als thereof.
<br />and Borrower shall promptly furnrsh [v i_eadzr all :u:cu ai nonce, ., rid alV reee,pts of paid przmwmn in :he e,`en[ of loss.
<br />Borrower atiall give prompt ^oucz m the iaarrsniz carnci .,rid 1 ender. i ender Wray makz yowl et ions r[ not made prontpttp
<br />by Burrower-
<br />Unless I_entitr and Borrowzt othz~i,z ogres u: unnng. rnaaa;ac pnxecd, shall be applied n: restoraumt or repair of
<br />ilia Property damaged. provrded such re <torauru ar ;cyan s t.,munvva!ly :resrblc end thz +ccwn} of tins Mortgage n
<br />not mereby imparted. tt such restorauun ar repair rs oat e~unanu~aih ?ras:ble ,+r d the. securnp of this Aiongagc avuld
<br />Be tmpatred, the msurance pnuxed-, shall fse applied to tnz ,um> .zcured bs the Mortgage, with the e-, ce,s, if acv, paid
<br />to Barrower- 1f the Prcpenp !s attaudota;d ni Horn+wzr ..: ,; fieurnwar tails t,. irswnd to Lander wah:n 3G daYs tram the
<br />flare Hausa ss marizd by tender ro Banuw-er that the insure ace .ar r,cr utfer~ so stole a ~Innn to: imuranrc henztits, Lender
<br />s authorized w calleet and appE; :ire imuranee prx;eeds at i ender , ,.pnun auher to rostnra^un or repair at the Property
<br />oc tv the sums sctiured by thrs Mortgage
<br />Unless Lender 'sod Borrower othervvrse agree ::~ :,;:ring, ens ,u:h spph.auon o£ mocceda to ~nneipa( +nall not aitend
<br />ar postpone the due date of the monthi} .nstaharents r~etcrred m ii: paragraph I enci here..+t :+r ,hange the amount w
<br />such installmeaa. !f render paragraph !8 hereof the Prnpitrt} n acyuved hs Lcndcr. <rll ughr, tole and interest of borrow rr
<br />:n amt to an'y msurance poLetes and r^ a::d t,+ titz proceeds mzreut rcroulung from damage ur dtz Pro~rq poet N thz aelz
<br />yr aeyuissuon ahai! pass to Lendct to the eatrnt ~ot the ,urea acs:ured tit chi, 4tartgage nnnredratz;y print :.~ uich sa'se or
<br />aCtlntxitinn.
<br />6. Prettervation and tlaintename of Property; Lravehotds; (ondomiuiums; l'Ianned Unit Urvebptneots. Barrouzr
<br />shall keep the Property in goad repair and shah not i:ummit waste ur pcrmtt :mp.urment ur damnorauort o£ the Property
<br />and slsatl rnmpiy with the provisions of :env lease r1 fhu Mcrrtgagz i, can e icesuh,+ld. If rte, Murteage n a unit in .r
<br />condominium ur a planued uou developrneot. Borrower mall perf2um ~cll of Harrower s shi:gauuns under tnz decfarai:un
<br />sx eeveoauts creaxrng or $overmng the rondanumwn ,u pianrszd nrxrt derziopmxnr, the by-laws and r~•guiattvrt, o! the
<br />condominium at planned unii deveiapmznt, atnf coast r,uent .iocutnsntr It .+ c,rrsdumtrrium ur planrreJ ,;nit :irveb,pmeni
<br />rtdta to ¢xecuted by Borrower and recorded together ., rth [lira Mortgage. t>ae covenants mid agree+tteurs o[ ,;rch trdcr
<br />shall bra itxorpvsated tote aml siaall upend and supplement the casLnants and agttizmeins at mis hinrtgage as ,( the ndzr
<br />were a t~ hicrrxr(,
<br />A, Pt+~tiaa of teaitrs Secta'Ity. It Aatrawzr £atis to ~:rirum the covenants rirnl :agreements aotaamctl rn m:s
<br />Mortgage, or if auy acxioa ar praceedtrig is comnaanr.od u•heeh matuially affects Leader's rntert.~t in the Property.
<br />meludang„ but etrtr litnttesl ta, emctacut dvmatn, ier3€tly-nosy. eucie nn iorcement r,r ,u rangements arz prca-z~dings rnvolv~rng a
<br />bankrupt ar dstrcc#attt, thCa l trader at l enders i,ptxan. upon nratr.z tc Betrnwrr. •nay conk:; such eppearan4ea. daxburxe srsch
<br />sumrt and take auc'# acticat as is txcosxary tcs protect {..radars ,merest. nnciudinf, but riot luneteci tc.. d:strursemeni .,,
<br />r aitorna•y"s tees noel entry upon tht Property €o make tcpsrrs. td l.zndet r<yunc^si nxus¢age snsur ante a
<br />€ration sal maktny t)st: loan tet:ured by this liartgage, Bnrtv;.e: etali prsy ttse prtrnnczrts reyrrrriaxi mamtasn such
<br />trtfinatYCtt~ in s+ffee3 until xuc6 airrte as tltt iwsqutrement fns xaac:i4 tstturattce tsrtr~tuatcs rn a.:c<ardanec a,tia YH. rrxswor s xnu
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