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<br />UNiFORM COVE~.\'>iT5, Borrowe:::- and Lende~ ':c\"~~ant ~lrd ~~::!rt..""e ;1:0- t('\Ho'1,;.'s:
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<br />83- n0351.~:
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<br />r
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<br />1. Pia,,-m'elllf of l'rincipal and Interest. Be.;mwcr ,han ;:,rNll1't1\ pay when Jw: thi?
<br />indebtedness evidenced by the Note, prepayment and Z:)!e (~harge;;:; ;.c~ pr01'Jided E"i the Note
<br />on any Future Advances secured by thi5 Mortgage
<br />Z.. Fl1In~. for Taxes and Insumnce. Subjec~!o applicable !;J\V or 1;0 a \\Tltten \varver by Lender. Borrc\,;,Ter shaH pay
<br />to Ic.ender on {he~ day JTIonthly instaHments of principar and interest are payable under the Note.. until the 1\ote is paid in. fun.
<br />a sum (-herein ~"Fund:ii~+} equal to' oncwt-w'elfth ()f the yearly ta1i:e,;; and ;'lssc:s-sments \vhicn may attain priority over this
<br />Mortgage, and ground rents on the ProperlY. !f any. plus ('ne-rwelflh of yearly premium ;nstaHments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonahly estimated initially and from
<br />time to time b1; ILender on the basis of assessmem,; and hills "nd ce"'0rlahle estimates thereoL
<br />The Funds shall be held in an institution the deposits or acc,>lJnts of which are insured or guaranteed by a Federal or
<br />slate 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 nN charge for so holding <wd applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and hills, unles, Lender pays Borrower interest on the Funds and applicable Jaw
<br />permits Lender to make such a charge, Borrower and Lender m"y a2:ree in writing at the time of execution of this
<br />Mortgage -that interest on the Funds ~haH he paid iO Borrower, an~i t;tlie,S5. ~dch ~lg~ccment ~s rnadc or applicable ~~\V
<br />requires such interest to be paid, Lender shall nOI be required tn Ph\' BOfrowl~r ;H1Y interest or earnings on the Funds. Lender
<br />shalt give to Borrower. without charge, an annual accounl;n!! of lhe Funds showing credits and debits to the Funds and the
<br />purpose tor which each debit to the 'Funds was made. The 'Funds MC pledged as -additional security for the sums secured
<br />by this Mortgage.
<br />!ftne amount of the Funds held by Lcnder, together with the future monthly installments of Funds payable prlorto
<br />the due dates of taxes, assessments. insurance prenllums and ground rents. shall exceed the amount. required to pay said taxes,
<br />assessments, insurance pn"miums and ground rents ;1, lhey f;lil due, slIch excess shall be. at Borrower', option, either
<br />promptly repaid to Borwwer or credited to Borf()wer on monthly installments d Funds, If the amollnt of the Funds
<br />held by Lender shall not be sut1icient 10 PliY laxes, assessments. in,unll1ce premiums and ground rents as they tall du<:.
<br />Borrower shall pay to Lender any amount necessary to rn<lk,~ up lhe ddkirncy within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment lhereoL
<br />Upon payment in full of all Sllms secured by this Mongage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph J S hereof the Propenv s,'ld or the Property ,~ otherwise acquired by Lender, Lender
<br />shall apply, no latcr than immediately prior w the 'iaIe pi thc Propury or ils acquisitlOn by Lender, any Funds held by
<br />Lender at the limc ot applkation as a credit agamsI the sums ;,ecured by thIS Mortgagc.
<br />3. ApplicatioD of Payments. Unless appheable law pro\ ,des "tht'fwi,;:.. ail. paymems received by Lender under the
<br />Note and paragraphs I and 2 hereof shall he applled by Lender firsl ,n pa\mcn! of amounts paY;lble to Lender by Borrower
<br />under paragraph 2 hereof, then 1.0 mn::rest payahle on lhe N01C. lht'11 to lhe prin.cipal of the Nore, and then to interest and
<br />principal. 00 any Future Advances.
<br />4. Charges; Liens, BNwwer ,hitH pay all {;,xc';. ;''',s,~s,;mmlS :l"ld '.'ther charges. lInes and impositions attributahle to
<br />thePropelty which mt'Y attain a pnority over this Mortgage, alld leasehold payments t)r ground rents, if any, in the manner
<br />provided under paragraph 2 hereof N. d.' not paid In ~;uch rnanner, bv BorT,-'w'lf making paymen!. when due, directly to the
<br />payee then."of. Borrower shall furnesh to Lender all nOllces (If ,mll'ums due under th1s paragraph, and in the event
<br />Borrower shaH make payment Borro"":r shail pr,lmpl!y fUl'lllSh 10 Lendcr I'l'Ceipts cvidencinl~ SUdl payments.
<br />Borrower shall promplly discharge <lny hen WhKh has pn<.'nty (rver ih!!, provided. that Borrower shall not be
<br />required to discharge any such lien so long :,s Horrower "hall agree Hi payment of the' obllgatkHl secured hI'
<br />such lien in a manner acceptable ",) Lender, or shall in go(\d lalih <:...,nt<~H si;ch hy, ()l' defend enforccment of such licll in,
<br />legal ps'oceedingi' whiCh open,te it' preve,m th,~ ent\.H\:enl<:nl \11 :he I,en (II f,nleil"r" of the Propeny or any part there,l'!'.
<br />:5, Hazard Insurance. Borrower shall keep I he lmprl,vemenh or hereafter cn:<:led on thc' ,Property JrJsured
<br />against los~ by IIre, hazards included ',>,'!lhw the term ""qendc'd '(I;:h Nher haz.ards a, Lender may rl''lulre
<br />and m such amounrs and 1(11 such periods ", Lend<:r <1l,'Y r\i<.jullc; IIl,,[ Lender ,hall not require' that the ,Hllount of
<br />such coverage -exceed dIal amOl/lIl 01 <,overage r~qUlred 1<1 Jlay thl.' ',ul'il',."ccuted hy lhi.,M.ortgagc"
<br />The lnsurance e:urier providing rhe msur;mc\~ ,,11<:1J be dlO"en by Borrower wbJect to approval by L<:nder; pwvided,
<br />that such approval ,hall nm be Imreasonably '1vilhhcld, All pr,-,miums un insurance: pQli,:ies ,hall be paid in the mrmner
<br />provided under paragraph 2 hereof or, if nO! pl"d in sm;r, m,um.:r, by BOtroW(Tf maki.ng payment, when due, direeliy ll~ the
<br />insurance carrier,
<br />All insurance poHdes and renewal, Iher~()t,hall bl' in i(lrll1 ..!(,ceplabk h> Lcmkr ,;lnd sball indudc ",I,lJH.iard mortgage
<br />clause in favor of and in form acceptable Lender, L~nder ';\1,..11 helve tl".", 1() hold the poli,jes and n:ncwals thereof,
<br />llnd Borrower shal! promptly tumish to Lemler all rene" ,<I notices ;,nd all of prcmiums, In the cvent of Joss,
<br />Borrower Sh~1l! give. pn;'"Hnpt notice tl,> the insurance 1,.:.~rflCJ" <:lud Lcnd':L .Lt~n.Jer tna) prol)f of Jo:),$ if not Hladc pronlptiy
<br />by Borrower.
<br />Unless Lender and .Bonow'e-r othen'd~';;;: in '-\'rillng. if1~UC~t.lh:}~ shaH be a.pplied
<br />the Property damaged, ,uch ,,1' ""pal! IS feasible ;Ind the
<br />not thereby hnpa}[ed. su(~h restof<Jtfon ,-)f n:palf is lH)t f'(:on('Hni...~ally fV\;l:-;ibiiC or if the.
<br />be iruplured, 11H:l insurance proceeds shall be (c, the sums :;e~ured by this
<br />t-o Borrower, ]t, :1he is at.>;,uldont.~d h\' . or d Bor:rJiYl,v~r bib t;:)
<br />date notice is !\Jailed by to BOfflw,er 'thai tbe insurance ,,'fner offers 10
<br />h~ authorized -to 'collect aru.:i th'c ~ns.Hra_ncc ~}rocccds at Len...!,:.;r's optH)n either
<br />or to thes\lm,;; secured
<br />Uoless Lender
<br />or postpone the due
<br />such 11l:'itallmCllI.S, It
<br />in and w
<br />,~r
<br />
<br />pri!1':IP~i~ of ;,,;:nd rrne:res!, l..""D the
<br />'~~nd the prinei pal of and ~n!eres~
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<br />
<br />to restoration or rep"air of
<br />of this jl,-1ortgage is
<br />this .Mortgage would
<br />the excess, if any, paid
<br />within 30 days fl'Om the
<br />a dairn f~:w insurance benefits; Lender
<br />;0 restorarwn OJ' r,~pair of the Property
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<br />to principal sh,dl not ex tend
<br />"I hereof or the araount ,of
<br />;dl righI, tille llnd intere;;t of Borrower
<br />to the Property prl\)r to ,he sale
<br />prior to 'Such sale or
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<br />6. Ji'relit'natiou llnd :'\.faillteflam:<:: oJ
<br />shall keep tl.", Pwperty if! good r<:p,lir :l!1d lW:
<br />and :;h;il! \'-omply with Ille of an:, ka."" :,' tiL"
<br />c6ndom:iniiHtl ueut dt~wdoprfjenL Born_~',".;~r
<br />Ot the ~~(~nd(!n:al.iurn
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<br />Lea""hollh; ('vlldomi"iums; l'lalllwdtJnil HI'vcl'JI.hllellts. BOn'(<,,;':f
<br />penUlt or dct~riora[ion ,,)f [he Prope.rty
<br />H this l\hJf'l'g~~gc h on onit:ln ~~,
<br />B\..)rf\}\...,(:,('") under tnl-l; de\.-'!'iU;l'ikH1.
<br />
<br />
<br />ail
<br />
<br />
<br />d~\'d.~\pnh::rH. :h;;,.,
<br />J 1 ,;t ('J,"l'hj~)ntiniurn or
<br />;\1,tJftg./.:l~I~, lilt;' ~,'(I\-'t':n~tlHS ~tnd
<br />,Jnd ,(~':j'{:\.:yn-lents.
<br />
<br />and reguL:ltl('n~. cd the
<br />plann.,;d unit dL"Vt~',k~pnwn~
<br />nd!':~r
<br />ndt,'l
<br />
<br />
<br />'nld
<br />Il$orrower :~n~ re('Of?e..J :og~f,h?r
<br />tat;:} and 510;.1:0: arnCU(1 ;)f'i{J ~,upp.ienv;::nl
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