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<br />TJNIFORM COVENA.NTS. Borrower and Lender ;.:ovenant and agree as follc:n.\,'s:
<br />1.Paymelttof Prilndpal and Interest. Borrov"er ,hall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note. prepayment and late charges as pmv!ck'd in the Note, and the principal of and imerest
<br />on any Future Advances secured by this Mortgage,
<br />2, . Flmdsfor Taxes and Insurance. Subject to applicable !av" Qr to a wrillen waiver by Lender. Borrower shall pay
<br />!OLender on the day m<>nthly installments of principal and interest are payable under the Note. until the Note is paid in fulL
<br />a.sum {herein "Funds''} equal lq olle-p;\relf.th of tht. yearly t.<lxes and assessments which may auain priority over this
<br />Mo:rtgage. and ground r'm:!s on Ihel'm}..'Cl'ty. if any. pillS 'me-twelfth of premium installments for hazard insurance.
<br />plus <.me-tw~Uth uf yearly premium ;nstaHments Iorinsuranc,;, any. all as reas()n<l~ly estimated initially aod from
<br />time!o time bv Lendel' ,:in the basis of assessmenlS and and reasonable estimales thereof,
<br />Tbe Ftrn~s-s?an be hefd in an rnstUu.t.-f{Jn the depwJsit$ t)r :KC'ounts l)f which are inSl'lred or gua-ranteed bY',a Fede,raI'-or
<br />state agency (including J~ender if Lender is StKh an inslituti,)!1). tender shall the Funds to paysald taxes, assessments;
<br />insurance pte.nJiums and ground renK Lender for ~o holding the Funds. analyzinll'said acconnt,
<br />or verifying aoo compiling said assessmt~nts and paYs BorroWer on the Funds and applicable law
<br />permits Lender to mak<e such a Borrower . . ~grc'.' in writin" at the lime of execution of this
<br />Mortgagetnat interest on the Funds be l;nles$ sllch 'Hl';eemem is made or appliCable l<lW
<br />f<lql1iressuch lnteres! to be Lender SiU1H not required to Borrnwer ;,ny ;l1!e~eost or e.arnings ;;)n the Fumk Lender
<br />shali give to B<ll1rower, annual {ll."countiDg Funds ,how;,,,, credits and debits to the Funds and the
<br />PlJ.rpose fi.~r whieh each debit to the was ,nad,L file' Funds are ptcdgt'd as 'adcHtionals.;ocurity fo:r the Sllms secured
<br />by this Mortgage..
<br />If the amoullt of the Funds h-eld by Lender. t,)!wther \"ith lh,~ {ulum monthly installments of Funds payable prior to
<br />the due dates of laxe~. m:.,essmelll,. imurance and gnmnd rents. ,hall exce,:d the .1tnOUnl n'quifcd to pay said taxes.
<br />asse,ument~. jn~ur,ulce pre,rn.iu-n1s (1nd rc,ots a.\ they fan dUlt~. :)uch (;\'(,'es~.. .~hall be. at Bonov'ler~s opt.ion, either
<br />m Borlwwer Qf credited lO Bnrf()w"" on 111'1tlilment" d Funds, If the amount of the Funds
<br />Ii hall not be ',lfficient to [Jav lilxe" asse;;sment>, prCTmlmn<ind grolJnd rems as they fall due.
<br />'BoTH)Wer shaH p,ay to L(~nder ;.nlY ~Hn(nHU ~ , ~,~) rnak(~ ur the d::f1Clt'nc: within :iO d~j\'s. fronl the date not1ce 15 n'taHcd
<br />b)' Lender t,) Ronewer p:lyme,I1J
<br />Upon paYnlem ill $UllH\ sec:urcd
<br />held hy Lt~ll{\e.r, If under is he.r,;nt 1111:
<br />snaH ;,pply. no iaN:r than prior 111 the
<br />Lender at. the t,mc of apphc:ation ,i' ;;red,t ;q,:Ull;;l
<br />3. Appllc:ll:ioc of Pa)'lllents. ['nle" :,pphcabk
<br />NOle, and paugruphs I J:nd :: h~~rcor he
<br />under par~.llmph :: hereof. then !Ollll<.:r'~,1
<br />pnm;lpal <.'>Tl any Future Advances,
<br />4. Chaq:cs:; Liens. BN1llWI'r
<br />the Property whkh may ~Ham 'I pnomy (1\'cr
<br />provlde:d under 2: here,ot' (~r. not r,;IH.~
<br />paye,e thereof <;hai~ prornptiy f~,.lfnl~~l \\) I ,(:n~k";
<br />Borro'-'cr ,hall zj"""'ll\
<br />Bon,'wer ,haJl dl,,,h:Hg(: ,my
<br />reqtured 1\) ;:,Hi~' '\w..:h hen "l'
<br />such hen m il m..nm:r a",:eptabk .w l.<.:ndcL
<br />legal ph:Kecd~ng~. eol.-ht(;:f1 i'pet ~1~e td pft:"~4::lif t!l(~
<br />5. Han.'d illl,surlllln:. B,Hr"",,r ,i\;til ">:'T'
<br />Jt)S~ by fin:\ hl'tl~ud:'l Hh:hH,h:d
<br />ill $u~h ;,HlloHnts ~Hhj {,,'If ~LH"'h }){'{ ktJ",
<br />'\;.u....:h ~:'\,'I\t:l;.'g't', CX\,:t,;'('(j- th~i11 ~~nhYl.Wli
<br />The m1S11lance ,;;HT,,:r proVidIng Ill<'
<br />thaI :su~~h :"ht.t.H not rK l\iH'(:~t~(lndh_~;.'
<br />prov,ded p.iJ"agraph 2 lJ~t;:~~2 '
<br />!nSJ,J,f~lOCC canter.
<br />.'\lJ Illliurlill.:;e
<br />;;:lause in favor (\If t',,'tru
<br />and BOHo.....er ,hAll! pwmp;ly
<br />UorroTt\'cr shaU g~\'~; pTonrpt fh.\tl'>.:,
<br />by !lor rower.
<br />U~lleS$ L~rH.ter ..1tad Bonov~"':'f
<br />J;ml.,g(;\t
<br />
<br />83-003598
<br />
<br />
<br />
<br />
<br />
<br />rvh\i"'{~,~;lJi:\:, l.tndcr sha,1J
<br />.;,..>ld or PH'_~pC ri ~ j ~
<br />~l-l r h~~ PfOr(~rt~ .(1f a-(~qu~S:Hl(1n
<br />the ::,urn:->. th~s !\L,)nh~age.
<br />!;l\\ i~c" ~'\il p:lyrncntt;.
<br />p.i\'rnt'HI \,"\1 <ir,n,OLin!$
<br />>.;'It' Pk~n hI pnw.:'f.p~,d t~l HIe
<br />
<br />rdund to Borrower any Funds
<br />acq iJlf'I~d by lender, Lender
<br />hv Lender, any Funds held by
<br />
<br />
<br />n:c(Jived bv Lender
<br />r,o Lr:nder
<br />,.md then to
<br />
<br />Hnder the
<br />Borro'Acr
<br />and
<br />
<br />
<br />nnt~\ ~~nd 1111Ply;,itions annhutable i:o
<br />~)~'i~'nh~nL'\ :~rt1und rt~nr\, .if any. in the rBanner
<br />i'l1;'.. lng p;l\i!n~nL when du(:, chreclly 10 the
<br />Ilmkr ;,nL! in the event
<br />Slh,J'l r~aYITH.~nts.
<br />l"H'lVhh;tL ih;d fh,\iTt,Wr;f shaH n(J1 he
<br />~',l\' rUcnl pI !hl.~ dfihg;.l!ion s,t..'I".:urc-J. hv
<br />~h~fend ("OIOrCl"IHent ,rj ~IlLh lien in.
<br />
<br />p.\n 1hCft.~tf,
<br />
<br />Ptl,lpt:r~y IH':dJ!\;d
<br />il.ll~\rJ~, :,'1,', I ~nd(''f OLl)' r';'qII Ht',
<br />~inhltlrd (,t
<br />
<br />f'r"-,,p't."lty ol
<br />
<br />l,;ndn; prov.ded.
<br />jhc rnaoncr
<br />dirc..:il)t the
<br />
<br />
<br />n'i~tngage
<br />th(~l cl'lI,
<br />
<br />]t'iddt: prornptly
<br />
<br />
<br />{he
<br />
<br />n.:,p;,..1.lr
<br />:\1cl'ngagl;.: !'-
<br />would
<br />;,~ny! P;H-d
<br />tHHa thc
<br />l.ei1<.kr
<br />
<br />n()l
<br />be !ns~~rai)C'e
<br />tQ li [he
<br />d,lte notl;;c l~ m::ukd
<br />.s autborized to
<br />m' to .11...: $Will.i>
<br />Unie:.."
<br />
<br />Property
<br />
<br />(}:('
<br />
<br />{l!
<br />I~
<br />l'
<br />li
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<br />f;
<br />11
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