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<br />1)NIFOaM Covenatvrs. BOrtovver and Lender covenant and agree as follows: 84'--O~i2~~+D
<br />1. Payers( a$ Prudpd s!ad laferest. Rorrower shall pramptly pay when due the principal of and interest on the
<br />indebtedness evralenced by the Note, prepayment and late charges as provided m the Nate, and the prinapal of and interest
<br />on any Fmrue Advances secured by thts Mortgage-
<br />2 Ftsai for Taro atY laaoruaee. Subject to applicable law or to a wntten waiver by Lender. Rartower shall pay
<br />to (..ender on the day monMly mstalhrrents of pnnnpal and interest arc payable under the Note, anal the Note w paid in (all.
<br />a sum (herein "Fonda"I equal to one-twelfth rat the yearly razes and assessments which may axtain priority over this
<br />Mortgage, and ground rents nn the Property. rf any. plus one-twelfth of yearly premmm installments far hazard insurance.
<br />plus one-twelfth of yearly premium installments tax mangage mstrrance. tf any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and MIh and reasonable estimates thereof.
<br />The Funds shall he held in an mstrtution the depr>S; rs or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender a such an msntuuon i 1 ender shall apply the Funds to pay said tales, assessments,
<br />,nsuratrtt premiums and ground rents Lender rosy oat charge !or n+ holding and applying the Funds. analyzing said account.
<br />or verifying and compiling lard assessments and hills. unless Lender par's Rorrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Rnr*ower and Linder :nay agree in witting at the time of execution of this
<br />Mortgage that interest on the Ftmds shall he paid to Rorrower. and unless ouch agreement is made ar applicable law
<br />requires Birch interest to be yard, Fender shat ram he required to pav Rorrower snv interest or earnings on the Funds. Lender
<br />shag give to Borrower. without charge.:m annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit t., the Fa:nds was made i'he Funds air pledged as additmnal seventy for the sums secured
<br />by this Mortgage.
<br />tf the amount of itte Funds held by Lender. t++grther with the twurc monthly installments of Funds payable prior to
<br />the due dates of taxes, assessmentx, insurance premmms and ground rents. shall exceed the amount reywred to pay said laces,
<br />assessments, msurarttt premiums and ground :rots its flies !alt due, such rvicess shall he, at Borrower's option, either
<br />promptly repaid to Borrower or ardned to Borrower an monthly installments of Funds. If the amount of the Foredo
<br />held by Lender shall oat be sufficient to pay razes, assessments, insurance premntms and ground rents as thty fall due.
<br />Norrowcr shall pay to Lender any amount ntxessan n+ make up the deficiency wnhtn iQ days [ram the date notice is mailed
<br />by Lander to Borrower regtiesting payment thereat
<br />Upon payment to full of alt sums secured by th;s Morgage. !ender shat( promptly refund w Borrower any Funds
<br />heW by Ixader. If under paragraph I ti he real the Propene is said ur the Property is otherwasc acgwred by Letrdtr, Lender
<br />shalt apply, ro later than untttcafrauh~ prior u~ rhr vale of the Propeny or us ac.gwsitian by under. any Funds held by
<br />Leader at the time of application as a credo against the sums vecurrd by this Mortgage.
<br />3. AAYcatla. art Paytoeae, tw mess apphcabte taw provides otherw~tse, all payments received by Lerrder under the
<br />Nine and paragraphs 1 slid 2 herea +hall he applied by 1 ender fir,( ;tt payment of amounts payable !o Lender by Borrower
<br />under paragraph ?hereof. then :o ;mere>t pavabfr car. the `>otr, thee, t„ tttr pnnrrpal of the Nwe. and then to inhtteat acid
<br />pnncrpal tin snv Future Advances.
<br />~. (`urges: Ilea Hortower shall , as .ail t.e vey ....u laments :end .slier charges. fines end impositions attribatable to
<br />the Property which tray afros a pnunty over thn Mangagc. and Icasttu Id payments ar ground rents, if any, en the murder
<br />nrovtded under pars;raph < hereol rr. ~i rw paid sit stx:h manner. b} Rurrowar ma-ing payment. when dire. directly t0 flit
<br />payee theimt Rorrower shag promptly turntsh iv t emEer all Wooer. of amounts Jue under this paragraph, soil in the evmd
<br />Rana xr shall make payment drrectrv. Rarrowrr shall prampth• furntah to Lender rcctfpts evidencing atrch payments.
<br />RORVWCI shat( pnxnpdv discharge any teen wheels has pnonty i+vrr this Mortgage: pntvitkd, that Barnawar shall O(# Ire
<br />rtgtured to discharge any such leetr ae tong as tfarraws.r sha}1 agree m wnttng to the payment a( the obligation secured by
<br />such item in a manner aatpabk ra (.ender. or shaft rn guew I.atth comes( xuch lien by, or defend rntoraxment of sash lien ip,
<br />{egai Pnxcedmgs which operarc to prevent ttx entorcemrnt of tfse hen car faricuurc of the Properly ar any put thertwf..
<br />S. Hattori 1r;aaMrs- Rorrower shad( keep the improvrmcnts now rctsnng ar hereafter erected on the Propertp insured-
<br />agaimt loss by flit, haruda rncltrde~ wuhrn the [rem 'extended soveragt`. and such otfaer hazards as T.endet map r'egUi76
<br />and +n such amounts and fur such periods a. Lender rtay rrgwzr; Isrtn•ided. Thal f_enskr shtR raw require [hat the amount of
<br />such coverage uce-cd that amount vt coycragr rrgaucd to pav the arms secured by tMs Mortgage.
<br />'The sisiirance carrier providing the insurance altar( tx chcxsen by Borrower zubjea to approval by Larder; provided:
<br />ttrw srich approval shag raw be unreasonably withhetd. All premrtems or. insurartee policies shall be paid in the trlaniNt
<br />provided under paragraph 2 hereof or, ,t raw paid in such manner, by Batrrowu maWng payment, whin due, directly to flit
<br />tusirraact carrier.
<br />All insuranax pohaes sad renewals ihtrrot shall br en tonn acceptable to (.ender and shag ittciude a standard mortgage
<br />eiauu m favor of and in form as:~•eptsbte n, txttdcr. lxtxkr shall have the right to lurid the policies anal renewals tharoot.
<br />and BormwYr shalt pramptly turmsh to Lander all rrtcewal nwtces and all receipts of paid pitmiums. In 6he event at lots.
<br />Bomower shall gtvc pr xnpt outer ~ to the m>urancr iarner and I.ertdrr. I.cnder may make prtwt of lass if ram made. prnitrptly
<br />by Bontswer.
<br />Unleo 1 enckr and Bturawer t+therwe>r agree to venting, rrsurance pnxeads shall rte applied to restaratian at repair of
<br />the 1'ropGrtY damageaL provided su:h rear.+rauun r+r repau ;s rcanamtcaRy icartfbk and the xecurit}r Of Ibis Mortgage is
<br />oat thereby impaired. It saivh reswrae+on or repau ,,; mat s->:anantrca[ky Erastftle ar rt the secunty of this MtxfgaBe would
<br />rte imparrad, the rnsuraate prarcaxds shall !x applreJ u, the sum, secured by tMs Mangage, wtth Iht execs, if any, paid
<br />m Borrower Ii the Ptapeny a afundoned by Rorrower, ar at 8ortossYr tails to respwid to L.etirfer within 30 days from-iht
<br />date rtoticc a titatitd by Leader to Borrower that thr msurancc earner aKsrs ro settle a claim far tnsttratiee benefits, Lt:nder
<br />rs authonztd to colfen and apply the msutance proceeds at t.ender~s opuan either to rcswnnnn w repair of the Rroperty
<br />or to the sutras secured by thn Mongsgc.
<br />Unless i,erider and Borrower otberwrsr agree m writing, any such application of pnxuds to prtncipal shall foal txteud
<br />ar pcxtpone ttx dtir date of the maathly mstailrixnts refermd to in paragraphs I and 1 hereof ar change rite artsuuui of
<br />such tmtatlrneats. IY under paragraph ! g hereof flit Propem r> acgwred by (.ender, ail right, utk slid interest of Borrower
<br />en affil to aqy eaxiuaoce poltctes artd m ar>d « r the prxetrfs thereof nxuHmg tram damage to the Proptny prior M Lire salt
<br />or aaxlutsrttao >hall pass to Lerukr to the rueui ++f the surm secured by flits Mongage imrrodiateiy prior to such sat ar
<br />acquui»gn.
<br />i. Psarwvaliao aW Ataiseaaats ui Propnty: l.eaeialthe t'wiaeisitiws; Phwed tloit DevdopeeNw Narrower
<br />shag keep the Yrapeny m goad repau and stroll raw camimt wash ur permit tmpairrnerrt or tkrerioratt~ait of the Properly
<br />and shag comply with ehe provioaria of xny +ease it flies Mortgage ,s ort a teaschatd. !i this Mortgage rs on a trait in a
<br />caanalotrtirnirm at n p{anrted unit devakrptnent. Barnxwer >nat! pemxrm alt of Narrower s oliGgataans urdcr tfte decfarattan
<br />su covenants crrauag to governing (tie .oadomtmum ur ptanried unu devtiopinent. the by-laws amt regulations of the
<br />s;randoroiiittim ar pfanntd unu rtcveiapmem. sad :urxtinrent docueaerts. 1t a cundomrrtium ur ptanotd unit develapnient
<br />tads is extcutpl by Borrosvar and rrcorrkd t.rgraher w+th rhea Mortgage, the covenants and agrixrtienu nt such rider
<br />shall be uroorprarated into and shag aiaend and supplrmem the covenants arxi agreements of flits Martgagt as rf rho rifler
<br />were a part heron(.
<br />7. PnlaAlaa o1 Lrratlw'i Seeerily. It Rsxrowrr tasks to perform the ccwanaats and agreemawu cantatiied to this
<br />Mostpgs, ar if soy actrna cu pracetdrng +v ..*nimena:ed whtch materrallr atiects I cnekr's interest in the Property,
<br />tneitdid8, bw mti timtgd ta, emrrrera doatam, ;nssatvertey. +.t+akr entarctmertt, t+r arrarigemcnn or praxcedings mva>iving a
<br />ttatsitrtipt sat doeadent, then k_ttsdor at T.aidtr's aptacn, upon nwtx~r u, Borrower. may make stuh appcarames. drstmrse xarh
<br />sate sad take such ts4ioai as ix tracessary u, prwexr Isrtdtts ~ntcrest. ;rrcSudmg, 6m oat txmntd to. disbutseutent c+f
<br />npaanaahle attsaroey's fasts and citify upon the Prapen+- to make rrpaxr>. If 1 ender rtrtmrcd mtrngagr ensnranct ac a
<br />caRdliwn rat rttaskmg flee roan secural tn• slits Mortgage. F4trrz:~wrr alto#I pay flit Jutmrum> rtyutrtd u! mafnsatn arch
<br />Ritastl'arita' to a+Aacr amW sxseh uux as the rcqutraatnent lot such ,nrarance termartat~ ;n aceurdaracr with Bann*a~¢r's anal
<br />des non. ~..~.
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