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<br />83....Q04112
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<br />UNIFORM CoVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. P,.ymellt of P.....clp... IIDd Interest. 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 Futlite Advai:lces secured by this Mortgage.
<br />%. FU"'fOrT.._IIDdI_lK'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 />asum-' (herein. "Funds") equal to one-twelfth of the yearly taxes 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 oneClwelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender on tbe basis of assessments and bills and reasonable estimates tbereof.
<br />The Funds shall be beld 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 sball 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 />penuits Lender to make such a charge, Borrower and Lender 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 />reqwnol sucb intenolt to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds, Lender
<br />sball 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 secored
<br />bytbis 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, assessmenlS, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />.-nts. insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lellder to Borrower requesting payment thereof,
<br />Upon payment in full of all sums secured by thiS Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property" sold or the Pro~rty is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acqUIsition by Lender, any Funds held by
<br />Lender at the time of application as a credit agamst the sums se~ured by thiS Mortgage,
<br />3. AfpIiclItioD of Payme.... Unless applicable law proVides e>therwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 bereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the NOle. then 10 the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. ChlIqa;.ue.s. Borrower shall pay all t"xes, assessments and olher charges. fines and Impositions attributable to
<br />the Property which may attain a priority over thiS Mortgage. and leasehold payments or ground rents. if any, in the manner
<br />provided t'!tOO paragraph 2 hereof or. If not paid in such manner. by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall promptly furRish to Lender all notIces of amounts due under this paragraph. and in the event
<br />Borrower shall make payment directly, Borrower shall promp"l,- furnISh h. Lender re<:eipts evidencing such payments.
<br />Borrower shall promptly discharge any lien "hich has pnonty over thiS Mortgage: proVIded. that Borrower shall not be
<br />required to discharge any such lien so long as 80rrower shall agree in "flung to the payment of the obligation sc<.:ured by
<br />such lien in a manner acceptable to Lender. or shall in good faith c,)nte,t such lien hy, or defend enforcement of such lien in,
<br />legal proceedings whieh operate to prevent the enforcement 01 the lien N forfeIture of the Property or any part thereof.
<br />S. u-d I-. Borrower shall keep the tmprovemellls no" e"stInll or hereafter erected on the Property insured
<br />against loss by lire, hazards included wlthm the term "extended coverage", and snch other haurds a, Lender may require
<br />and in such amountJ and for such periods as Lender may require: provided, that Lender shall not reqUire that the amount of
<br />such cOVCf'a8e exceed that amount of coverage reqwred to pay Ihe ",ms ",<:ured by thIS Mortgage.
<br />The insuflll1<:e carrier providing the lRsurant'C shall be ch"",n by Borrower subject to approval by Lender: provided.
<br />thllLI such apprevltl .haIl not be unrea.'IOnahly withheld. All premIUms ,)n insurance polic.es shall be paid in Ihe manner
<br />provided under plU'1lgfllpb 2 bereof or, If 001 paid in "..:h manner, by Borro"'",r makmg payment, when due, directly to the
<br />insul1llliCC carrier.
<br />All insurance policies and reoewals thereot shall be In tont. a"eptable to Lender and shall mdude a slandard mortgage
<br />clause in favor of and In form ac,eplable to Lender. I ender ,hall haw the light 10 hold the !X,licie. "nd ",newals thereof.
<br />and Borrower .hall promptly furnish to l.ender ..II rcm:wal nOllce. and all re<-e'pts of paid prellliurlh, In the event of loss.
<br />Borrower shall give prompt notice: to the """Ufan,e ,aTrler and l.emler. Lender ma} make pwut or 1050 If not made promptly
<br />by Borrower.
<br />Unle;w Lender and Borrower othtlrwlsc agree In .\lllmg, InSuran':e pH><:eeds shall be applied 10 restoration or repair of
<br />the Property <lamaaeJ. provided .w;h re.tmallon or rcpalr " economKally fea"ble and the ",.:urity of this Mortgage is
<br />not tbeuby UnpllLired. It sw;h re.torahon or rep"1f IS not e"'''kmu.:ally feasible or ,I the secllmy <,f this Mortgage would
<br />be impaired, the insurance proceed!. shall be "pplicd to the sum. sc:.;,"reJ by this Mortgage. WIth the exccss, if any. paid
<br />to Borrower. If the Property IS abandoned by Borrower. or It Borro"'er lalh 10 respond to Lender withm 30 days Irom the
<br />date l\Oti(e is mailed by Lender to Borrower that the Insurance .:arTIer otle.. In seule a cla.m f,,, insurance benefits, Lender
<br />is autbori~ to coJlect and apply the insuraru.:e proceeds at Lemler's opllon ",ther to restoralion or repair of the Property
<br />or to the sums secured by !hill Mot1p&e.
<br />Unless Lender and Borrower otherwise agree III wfllmg, any such application of proceeds to prinCipal shall nol extend
<br />Or postpone the due dale of the monthly installments referred It> III paragl'llphs I and 2 hereof or .:hange the amount of
<br />Slll;b installment&. If under panllll'apb 18 herCQ{ the ProperlY IS a<:<jUlred by Lender, all nght, htle and interesl 01 Borrower
<br />in and to an)' insUTlUlCC policies and in and to the proceeds thereoi resulting from damage to the Property prior to the sale
<br />or a<;quisition .hall pass to Lender to the extenl of the sums ,"",ure,) by IhlS Mortgage Immediately prior to such sale or
<br />atq\UIilion.
<br />6. ~__.. MlIioIt_ of p....y; I~ds; Condominiums; Planued Ullil I~nlopmeuts. Borrower
<br />shttJIkcep the Property in good repair and .ball not commit Willite or permn Impairment or deterioral1on of the Property
<br />aQll shttJI comply with the provisiOll$ of any lease if IhlS Morlgage " on a leasehold. If thIS Mortgage is on a unit in a
<br />~ or a planned unil developmenl, Iktr'rower shall perform all o[ Borrower's obligations under Ihe declaratIOn
<br />or~ o:tcatilll. or governing the condomllllum '" planned unit development. the by-laws and regulations of the
<br />~. 0\' pIaoJICd unit de'",iopmem. and constituent documents, If a <:ondominium or planned unll ,lcvelopment
<br />ridcl;is ~.~ by Botrowcr and re<:orded together with thIS Mortgage, the <:ovenants and agreements of ",ch rider
<br />~ bi.~ ioto and sllaU lIllle!ld and supplement the covenants and agreements of Ih.. Mortgage as i! the rider
<br />~.lIpm~.
<br />1. ~oC ...........~, If Borrower bib to perform the ,""enams and allreemenlS ,ontalned in thIS
<br />~ot ifuy~tion orproceedilli IS coromell\.'ed which materially .tf<<ls Lender', interest in thtl Pmpert>,.
<br />. OulnotmmtllCl to. ~nent domain, inSQ!\'ency. codl.\ enforcemem. or arrang<:ments or proceedinltS Invoh'mg a
<br />(.1\'.~ then. Under at lAodct's option. upon notice It) Borrower, mal' mak" SIKh appearao.:.... <lisbur.., such
<br />~.~ lIdion as is l~y to prot<<t t..nder', IIlt,:""st. Including, but I\Ot limned 10. d..l>ursemelll "~I
<br />~~, ~. IiLAl1 0lItr)' u~ the J>l"OJl<>rty ro mue tepa"... If Lender required morlgage insuran<'C as "
<br />~~c.t ~ tile to.n. __~ by tblll M~., Borrower lhall pay the premIum;, reqUIred ((l maintain sn<:h
<br />~ i4. cifoct: II'tltjt liW;b time lIS the requuctDllnt for such msutl\,tlCC terminale. in a<:cordlUK" wllh Borr<'wu's and
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