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<br />UxtrtrRat Covt=xanats. Borrower and Lender covenant and agree ax follows:
<br />t. tiyMd of MRe1jR1 std ItMeresr. Borrower shall promptly pay when due the principal of and interest on the
<br />indabtadttess evidemxd by the Note, prepayttrent and late charges as provitltM in the Note, and the principal of and interest
<br />on soy Future Advances secured by this Mortgage.
<br />2 FttNs tar Taps acrd Bwrtmce. Subject to applicable law or to a wrinen waiver by Lender, Borrower shall psy
<br />to I.endtt oR the day monthly instalments of principal acrd interest are payable under the Note, until the Note is paid in full,
<br />a stun (herein "Funds' equal in one-twelfth of the yearly taxers and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus otratwelfth of yearly premitun installments for harard insurarta,
<br />plus one•twelfth of yeaNy premium installments fur mortgage insurance. if any, all as reasonably estitna[sd initially amt: from
<br />time ro time by I.eeder on the basis of assessments and bills amt reasonable estimates [ltsrsaf.
<br />the FY[nda shall he held in an institution the deposits ur accounts of which are insured or gWranttred 6y a FedErill or
<br />stale agency (secluding Lender if Lender is such an institution}. Lender shall apply the Funds [o pay said lases, asaesamertts,
<br />insurance premittma and ground rents. Leader may not charge for so holdin¢ and apptying the Funds, analysing said aceouni,
<br />or verifying sad compiling said assessments and bills, unless Lender pays Borrower interest aR the Funds and applicable taw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the rims of execution of this
<br />Mortgage that interest on the Foods shall be paad to Borrower, and unless catch agreement is made 9t applira6la- law
<br />requira sttc6 interest to !se paid, Lender shall not be required to pay Borrower any interact or earnings on tht Funds. bender
<br />shall give to Bortowtt, without charg0. an annual attounting of the Funds showing credits and debits'to the Funds-arid dies
<br />pttrpnse for which each debit to the Funds war made. The Funds are pledged as additional security for the starts secured
<br />by this Mortgage.
<br />It the amount of the Fantle held by Ixnder, together with thz future monthly installments of Funds payable prior to
<br />the due dates of taxes, assacstneets, insurance premiums and ground rents, shat! exceed the amount required. to pay said taxes,
<br />ascattments, assurance premiums and ground rents as they felt dire, such excess shall be, at Borrower's optian, either
<br />promptly repaid to ibrrower or errdrted to Borrower on monthly mxtallments of Funds. If the amoum of the Funds
<br />heM by Lender shall not be sulbcient m pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />BRrrowar shall pay to Lender any amount necessary to make up the deficceney within 30 days from the date notice is mailed
<br />by Lender to Borrower regrtestirag payment thervrof,
<br />Upon payment sn full of alt aarrns secured by this Morgage. I ender xha0 promptly refund to Borrower any Funds
<br />held by Lender. [f under paragraph 18 hereof the Property a5 sold or the Nropsny is otherwise acquired by Lender,. Lenrkr
<br />shall apply, no later than tmrnediately poor to the sale of the Properly or its acquisition by Lender, any Funds held by
<br />Lender at the urns of application as a credit against thu sums secured by this Mortgage.
<br />1. Ahlicatia~ d PgtneRb. Unless applicable law prnvades otherwise, all payments received by Lender under the
<br />Nos and paragraphs t sad ?. hereof shall (se applied by Lender first us payment of amounts payable to Lender by Borrower
<br />unaler paragraph 2 hereof, then to interest payable on the Note, then co the principal of rue Note. and then m interest and
<br />principal on any Future Advances.
<br />4. CTrsgeat Ijer. 8orrawer shall pa} all taxes. assexsments and t+thzr churgrs, fines anti impositions attributable to
<br />the Property which may anam a pnority over than Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph :hereof or. if not paad an such m:tmser. by Borrower making payment, when due, diratly to the
<br />payee thereof. Borrower shaft promptly fumash «r !.ender all oaices of smounts this under this paragraph, and in the event
<br />Borrower shatl make payment drreztly, Bonuwzr ,hall prompdy turroxh to tender rresipls evidencing such payments.
<br />Borrower shall prompdy discharge any saes which has pnonty over this Mortgage: provadrd. that Borrower shall not be
<br />rcquind to discharge any such lira w lung as Aorrowur shaft agree in writing to the payment of the obligation secured by
<br />such lice in a manner acceptable to Lender, or shall m good fauh contest such lien by. or defend enforcement of such flea in,
<br />regal praceaiirtgs which operate to prevent the enforcement of the hen err forfeiture of [he Prppeny tar any Fart thereof.
<br />S. BR>vesllRaRSaRee_ Barrawsr shat! keep the tmprtrvements now exasnng er hereafter rreetetf an the Property insured
<br />against loss by firs, hazards included wnhan the term "rxtrndrd coverags'~. and such other hazards as I.undrr may rayuire
<br />and in such amounts aad tar such pcrrcxts as Lender may rcyusrr; laravaded, that L.endsr shall not require that the amount of
<br />srteh caveragr txsecd that aeouum of coverage required to pay the sums secured by alias Mortgage.
<br />Thee imttraRCS carrier providing the insurance shall be chosen by Borrower subject to approval by Lsndrr; provided,
<br />that such approval sha8 trot tee utrrramnaoty wtrhhrW. Atl premiums on insurance paticies shall tae paid in the manner
<br />provided under paragraph 2 hereof err, if sat paad in such manner, by Borrower making payrMnt, when dire, directly to the
<br />irrstuaoce carriu.
<br />All fnsurance policies acrd renewals therrrof shall to an farm acceptable to Leader aad shall sneludr a standard mortgage
<br />clause in favor of and in form acxeptalsle to Lender. Lender sisal! have the right «? haW the policies and renewals thereof,
<br />and Borrowtt shall promptly furnish to Lender ail rcucwwal notice ant4 all rrcespta of paid premnunx. In the event of loss,
<br />Borrower shalt give prorttpt notice to the rnsurancr earner aasd Letsdet. Lender nauy make prixit of loss it sat made promptly
<br />by Borrower.
<br />Unless Lentiar aad Borrower athsnvau agree ua wresting, insurance proceeds shall he applied to restoration err repair of
<br />the Property damaged, ptcwitled suds rastaranon err repeat as a*corxamicaliy teastble and the security of this Mortgage Is
<br />cwt thereby imWlred. it such testuranon or a°spair as not cconaotacally feasiisk or if the security of iliac Mortgage would
<br />6e irnptsired, the rnsuratsce ptuceeeds shalt 6s applaal to the sums secured by this Mortgage, wsth the excess, if any, paid
<br />!o Borrower. tf the Property is ahandosud by Bxrrrawer_ or d Borrower salts to respond to Cendrr within 30 days from the
<br />date notice rt medal by I.snder to ttormwer that the assurance causer otters « s setae a cfaam for insurance benefits, fender
<br />is autltorimd to collect and apply Ilse insurance proct+erfs at Lender's apurm rather to restoration or repair of the Property
<br />or W the sums sectu+ed by this Mortgages.
<br />Urtleaa Lerdcr and Borrower othemise agree an wresting. any such apptication of protceeds to principal shall not extersd
<br />w paNprwe the drte date of thr traenthty installments reterted to in paragraphs 1 and 2 hereof or change the amount of
<br />aasa:h instaBtnents. If utatkt paragn~:a ] g hereof rtes Property rs a,:quircd by Linder, all right, tick and interest of Borrower
<br />in std W any insurance policies and in aad to [tie prarecds thereof rssuking from damage to khe Property prior to the sale
<br />or acquisition shall passe to tsndtt to the extent of tress sums created by these Mortgage immediately prior to such sale or
<br />aa:gttisitimt.
<br />f. theaarrdlats ai MafrhRaRCe of Prepaany; Leatslaaldsk t'aaadewtiRieo~ Planed URN IrevebperrRtc. Borrower
<br />shall keep the Property in good repair xnd shall not commit waste or prrmu impatrtnent or deceriorahon of the Properly
<br />aRd shall comply wuh the provisions of anY !sass of this Mart~age ese on a leasehold. !f [his Mortgagz as on a emit in a
<br />.'ondottrinium-or a planned wait developnten4 Borrower shall perform alt at Borrower's abhgatioox under the declarauaa
<br />or covtaantw wresting ad govatrbing kbe ixandtwnimum or planned astir devek>pnsrnt. the bylaws and regulations of the
<br />eanrJOmirtium tx pltmnad unit dsvclopment, scot canstirtsrnt dneatments. If a cundaminium err planned wort drvekoprnast
<br />ride rs exec-tttRd by Botstowm' and recorded together with slits Martgugs. thz cavrnants and agr~rrrsnta of such rider
<br />shall De iatwrpaated lino oral shall atocnd and supplsntsm the covenants and agreements of thee Mongagz as st the rider
<br />start-a pact lta~at,
<br />7 ~ at Lastlu'a Sacttrlq. if Borrower Coils io prrfarm tJSe cuvetmnts and agre~menix cantairasd itr true
<br />lllottgMt. ypr if asty* artiase csr procstdiag as tx+tnmrtttea wisach matcriatty affects l.sndor's austral in the Property,
<br />tt,Khtdrn>t. ltd [tat tamitad ko„ rpsunettf domain, irisolveney.:;ode rttforuemsnt, or err-rangrments ur prv.tesedinga invatving at
<br />haa-ra.pt or dtr;edasrt, chip[. i.endnr at l.earier's opticsn, upon irrstfw~t! to Bortrwer, may make strcls appcarames, distawsc such
<br />*ttpa- sued tales wch action as b namessttry- tea prutssf t.ctrder`a tnYravst, uscJsrding, hue sat sirnstsd ter, dsstaotsement of
<br />trstaoaal+la attcansy'x fsq. and sorry upon the Prvparky to makes repairs. if 1_rtukr rsgairrd mortgage irssuranci as a
<br />cntsdNittn rrlf mafy,itst the loan ssaturad, 6y this Morl$agr, Borrower sterol pay tics prraniums €extuirid ro msuntam suds
<br />iltltWr,.er~ in slhcQ smti4~ a6 es khe uits:paeot for such rnauru~e trrM.tstatrs m ac~ecsrdancr with Btsrmwer's seed
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