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<br />83_002518
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<br />UNIPORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. PaymeDt of PdDcI.... "..d IDterest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Tues 8Dd 1DsunuK:e. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly laxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium 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 bills and 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 an institution). Lender 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 tq make such a charge. Borrower and Lende-r may agree in writing at the time of execution of this
<br />Mortgage 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 be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaH give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<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 ground rents, shall exceed the amount required to pay said taxes,
<br />assessment.I\. insurance premiums and ground rents as they fall due. sllch c,x:cess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credi[ed to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay ta.xes. assessments, insur;'lOce premlllffis and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount neces.,a:'y to make up the deticlency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereot.
<br />Upon payment in fun of all sums secured by this Mortgage, Lcnder shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property t::. '>oid ('or the Property IS othe[V;'ise acqUired by Lender, Lender
<br />shall apply, no later than immediately prior to the salt- pf ihc Property ",r its i1..:qU1sition by Lender. any Funds held by
<br />Lender at tbe time of application as a ;;.'[edit against the sums secured by this. Mortgage.
<br />3~ Application of Payments. Unles.s applicable lilw prOVides otnC'rwi'\e. ,tll payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied hy Lender tirst Hl payment ot amouU[s payable to Lender by Borrower
<br />under paragraph 2 hereof, then to mterest payable on lhe Note, lhcn tu the pnncipal l)i the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Charges.; Liens. Borrower ,hall pay all tJXCS, ,i;;;scs:-mcnls ;lnd ~lth('r ;;,,'harg~s. tine", and impositions attributable to
<br />the Property which may attain a priority over this. Mortgage, and leasehold payments (,)r ground rents. if any. in the manner
<br />provided under paragraph 2 hereof or. li not paid In such manner. by Borrower making payment. \-vhen due. directly to the
<br />payee thereof. Borrower shall promptly ftlrm~h to Lemler aH nO[}cc.s ot amounts due under this pardgraph. and in the event
<br />Borrower shall make payment direct!)', Borru",'cr ...huB promptly filrm~h 11' Lender receipts l:\'idcncmg such payments.
<br />Borrower shaH promptly discharge any lien which has prIOrity t1VC[ thiS \'tongJgc~ rn.wldeu. that Horrower shall not be
<br />required to diScharge any such Hen S~) long as Borrow~r shail '-1~He-.: III \\ rlfmg In Ihe payment of the {~bligatiQn secured hy
<br />such lien 10 a manner acceprable 10 Lender. or shall in good faith I.:tmlc\! .such lien by. er defend enforcement of such lien In.
<br />legal proceedings which operate to pre-vem the ~nl('f..:ement of lhe lien t1r h.lffcnurc ,-If the Propert}' or any pan thereof.
<br />s. Hazard Insurance. Borrower shan keep lhe nnpn.~vcmcnb ~W\\ C'I~tmg i.1f helcaflcr cr~""letl on the Property insured
<br />against loss by fire. hazards included withlO the term .....\.tcnucd ...,-'overage' and su\..:h other hazards as Lender may rC4uire
<br />and in such amounts and for such perii...Jds a:lo Lender m,t} rC-"IUlfC, JHuvtded. that LenJt:1" -;.haU not re4uirc that the amOUIll of
<br />such coverage exceed that amouOl ()! .:o....erttgt: re4Ulfed h) pay the "lllJl" "econ.:o by IhlS Mortgage.
<br />1be insurance carrier providing the m~uranct: shaH he ,-,ho~~n hy Born..v.~C"r 'oubjc(t to approval by Lender; provided,
<br />that such approval shall not be unreasonClbty withheld. Ail prt:mHl_I11S on inSUf<Hli...:t: p{)lkies shaH be paid in the manner
<br />provided under paragraph 2 hereof or, tf not p~ljd in ~Udl mallller,. hy Borro",'':f makmg payment, \\'hen due, directly to the
<br />Insurance earlier.
<br />AU insurance poliCies and renewaJs therC"tH shaH he III lonn .ICi..:cpt,tbk to Lender .lnJ shalllndtld~ ;1 standard mortgage
<br />clause in favor of and in form aCl.--eplabie to Lcnd.~r. L(.'ndcl ...o"ll h~.v,-, the right It) hold the polldes ~nJ. renewals thereof.
<br />and Bocrower shall promptly furnish to Lender all rencv.at 1l(,HICC~ alld all re~eipts. of paid prcmiullh. In the event of loss,
<br />Borrower sbaH give prompt nou('c II.) the in:,.urall~t' t'arfla .mJ L~ihkr. I enJer mdY make pl\)\.)i of los.!>. if not made promptly
<br />by Borrower.
<br />Unless. Lender and Borrower olherwi~ agrct: lH \"ntlllg, lI'HtUf.Uh:t: pr\.~t:~Js siH,lI be "pplied to restoration or repair of
<br />the Property damaged. provuJed su\:h rc~(\.)ratlon (if repair 1:\ C";\,UhJmh.:.lUy Ica3ihk and the security of thIS Mortgage IS
<br />not thereby impaired, If such restorati...)n or rep.iur 15> IhJt c...:...1I1umlt..:ally k.l.~lhle or J! the se\:urlty of thiS Mortgage would
<br />be impaired, the insurance proceeds :-.hall be applied h) the ~Ullh ~~":\lrcd by thiS Mortgage. \'dth the excess, if any. paid
<br />to Borrower. It the Property is abanJl..'n~d P) l.ktfh..v.-.;L fif It BOH\)Wer IJ.ib to r~p\lnJ to Lem.ier within 30 days from the
<br />date notice is mailed by Lender to Borrower that the in:;.uran~c ':~lrner ,)fie~ to ~cule a d.lim for m~uram:e bencfitsj Lender
<br />i:s authoriled to collect and apply the insllran~c pf(_~~d5 at LcnJer-:;. optIOn eIther HJ resLOrarion or repair of the ProperlY
<br />or to the .ums "'''UTe<! by Ihis Mortgage.
<br />Unless Lender ~U1d Borrower .)thern-lsc agft:c 10 \.\. I Iling. an] su..:h ~pp!ic<tlion nf pro~ecds to pnnclpal shall not c:-;tend
<br />or postpone the due date of the monthly ins.taHments rt."ierred h) III patagraphs J and 2 hereof or change the amoulll of
<br />such installments. If under paragraph 1 ~ hereof the Prup;:rl\ h ~;h':4lHrcd b} Lend.er, .:Ill nght. tute and mtcreSl oi Horrower
<br />in and to any msurance policies .and. in and w the pr-I,)~eeJs. thcreot r~suhjng In.HH damage to the Property prior to the.~;,.\le
<br />or acquisition shall pass to Lender tu the C~lent d' the ')un1:=, ~c~urcJ t~)- thl;) .\lurtgagt,' immcdtatcly prior to .).uch ",aie Of
<br />acquisition.
<br />6. Pfesen-atioo aad l\o1aiQtenaJK.'f or Property: Leasehol~ Condominiums: Planned l)nit [k~\"elopm-ents. Borrower
<br />shaU keep the: Property in good repair and shall not commit \\.i1!>k or pelmH ImpaIrment or deterioration t)f the ProperlY
<br />and shall com_ply with the plo\1isiom oi any lease jf tlus ~t0ngag-: ,., ,in <.l. kJ::.dwld. If thi') ~h)(tgage io; ~H1 a t;:lllt in ~l
<br />cOtn1onunium -or a planned unit dt:\'clopm-cnt. Borr"J\,-cr :-,:hall perfUfni ,ili ~)f HOIW\\-cr', ohi!g~tuon!'. under the Jed~\r~ttitUl
<br />or covenants creatlRg or governing the .::ondOlnilllum .)f pl4inneJ UlHt dev~lopmcnt, the;; by-iaws. and regulatiolJ,\ (It the
<br />condomiuiwn or planned unit development. MId ~:Qn3>titucrH JJ.xumcnb, If;,; \,:ondominillm or planned unit dc...dQprncnt
<br />ri~, is ~ured by 8Qrrowc.r and re~ordc.d together \\1th thl.'-' Mortgage, the (o...-cnJnl-s ittU..l. ilgn:.cmcIlh J.lf 'Such nller
<br />~_be i-nc,o~ated into and shaH amend and .&upplemcnt the ":O\Cl1ant~ :mJ a~rec01~nb; of {hu. Mort~agc ~lS If th~ riat."
<br />WIn apart Weof.
<br />1.. Pi'otec:u.n of LeDd-uli Se<:urify.. If 8<>ITt)wcr (aii:;. 10 perform ihe ~uvenitnh au~t a.grc-cnu.:nts I..:QfltalOcd In [hi"
<br />M~~! o~ if any action or .proceedmg t~ ."(1'IlUllent;eJ "h~ch materially ~ltfc~l'l. L.enJer':;i ,Iltcft'::'tt in the PnJ~ny.
<br />-includi-na. but n<)t Hmhed, to, emmcnl dum_aip, lH:iolvem;y, ~,od\: cnk'r;,;em~rt1. or M!angemenb \,\r proL.cedings II\'H)lvtng a
<br />~upt or dtce~\. then, l.eod,c-r ,at l,ende:f'~ l.'>ption. lJlxm no~i..:~_ to Borrow-cr < I\H.t) ma'ke ::..u\:h :,-tppeatanc~. di~bunc ~tll.:h
<br />'." aN! _~._.u;c:h iti:tk"ll_ 3A ~!i ne~C~5a_rl to Pfl)Ct\:t Lende::~;; !n~crt-\L m-c-luuu;;g, but not JirrHtw to. thsbursem-cnt r>f
<br />~~ aUQl1WY"Sc fe.:~_ and cony upoo the- Property to. tn01ke re-P:4~r$, 11 L~ndcr n.::-quirt:d mortgage in",mal1ct,~ !1\ ,!
<br />~~ ,of ~_the loan_ ~ed, b)' tb--l!< M-Ortg1tge. Borrow"r !ih~H ra)' th-c rr>e:mium,i;. fGqwrc.J to _ma}nt~Hu ~Udl
<br />~~ in df"~t unlit suc.b tinle- as the- re-q~liremetlt fo: ;;.t.}(;h W'S\,Ihi,nce, te.nnw.at{.':.\ 1f"1 .Kcordan,;;x t~nrh n\.~rwwcr\. <\-ntl
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