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r UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 83-004332 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and, interest on any Future Advances secured by this Mortgage. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from' time to time by Lender on the basis of assessments and bills and reasonable estimate.s thereof. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account, or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge, Borrower and Lender may agree in writing at the time of execution of this Mortgage that interest on the Funds shall be' paid to Borrower, and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower an\' interest or earnings ,on the Funds. Lender shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. If the amount of the Funds h(;ld by Lender. together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes. assessments. insurance premiums and ground rents as they fall due. such excess shall be. at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthl; I!1stallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, Insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiencv within 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof Upon payment in full of all sums sccured by this Mortgage. Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 hereof the Propeny " sold or the Propert\' IS otherwise aeq,ured by Lender, Lender shall apply, no later than immediately prior to the sale of the Propeny or lIS aequisitton by Lender, any Funds held by lender at the time of application as a credit against the sums secured by this Mortgage. 3. Application of Payments. Unless applicable law prOVides otherwise. all payments received by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first :n pa\ment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to Interest payable on the Note. then to the pnneipal of the Note, and then to interest and principal on any Future Advances. 4. Charges; Uens. Borrower shall pay all taxes, ;'i<.;sessmcnts am.l I..Hhcr ~.:hargcs. tlnes. and impositions attributable to the Property which may attain a priority over thiS .Mortgage. and Ic~cholJ payments or ground rents. if any, in the manner provided under paragraph 2 hereof or. if not palo in slIch manner. by Bt,)rrcm:cr making: payment. when due. directly to the payee thereof. Borrower shall promptly furmsh to Lender all notIces "t amounts due under this paragraph. and in the event Borrower shall make- payment directly, BOrnl\\'Cr ...hall pi('JllPtly tunH::ih 11..1 L~Ildt;'r rCt:eiplS C'vIdencing such payments, Borrower shall promptly discharge any lien v.hll.:h has prwnty (I\'er ,hi" \tortgagc~ rroviJed, that Borrower shall not be required to discharge any such lien so long as Borrower ~hall agree in \\ rlllng h' the payment of the obligation secured by such lien in a manner acceptable to Lender. Of shall in good falth Cl..mtc~t sw.::h lll:n ny. ('I' uefend Cnfl.)TCCment of stich lien in. legal proceedings which operate to prevent the enforcement ot the ill..'f1 \.'1' forfellufc of the Propeny or any part thereof. s~ Hazard Im,urance. Borrower shaH keep the Impn.)\.'cmc-nb now ('\ Istlng or hereafter cn:l..:tcJ on the Property insured against loss by fire. hazards inclwJed \\ithin the term "C'\tendcd t..:n\l..'fagc", ~nJ siI\.:h other hazards as Lender may rC4\1lre and in such amounts and for such periods as Lender may n:qum:: pn1\ IdeJ, that Lender ...haH not require that the amount of such coverage exceed that amount of co....erage reqUIred to PU} (he ~ilnh .;,el.:ufcd hy thiS ~tongage, The insurance carrier providing the insurance shall be l.:jHhcn hy 13orrlno\,er subject to approval by Lender: provided. that such approval shall not be unreasonably withheld, All prcmlUm~ on insurance policles shaH be paid III the manner provided under paragraph 2 hereof or. if not paid in su~h manner, hy Born..w.er making payment, when due. directly to the insurance carrier. AU insurance policies and renewals thereof shaH bt.~ in form ,1i.:I.':l:pl,tbk h) Lend~r ~lHd shall in\.'ludc a standard mongage clause in favor of and in forDl acceptable to Lenuer. Lc-Ild~r ~h~tll hit\-I.: tht.' fight h' fh)ld the pt.1!icil."s and (('new,,)..,. therc\.lf. and Borrower shall promptly furnish to lender all renc\loal nl..'lI~e~ anJ all n:I.:Clpts ot paid prernium.... In the event of loss. Borrower shall give prompt notice to the lIl~Ur~HH.:c- i.:arflCr and Lender. LenJt.'f ll1~t) Illilh~ prl.ltlt of loss it Illlt made prnmplly by Borrower. Unless Lender and Borrower other.\o'I:;c agree in \-\ l'itlllg. in...ur.Ul~t: pri,)(ccd~ shall b17 applied 10 restoration or repair (.\f the Property damaged, proviucd Stich rc~toratlon l'r repan is t:";\llhHHlC.J.lIy tea.~lble ~lI1d thl.' SCL'"Uflty of this !vlortgagc is not thereby impaired. If sUi..:h rcstor<ltl(lO or repair IS nut \.:'(l.ll1\.Hllh':J.lly h.:asiblc ..)f It the security of this r-.'1ortgagc would be impaired, the Insurance proc~'Cds shall be appile,1 t" the sums ,ec"'cd by this Mortgage, ",Ih the c'ce,s, if any, paid to Borrower. H the Property is abandoned hy' Borrower. ~)r I! Honowcr Iad~ h_l respond to Lender within 30 day:-. I rom thl' date notice is mailed by Lender to Borrower that rhe IOSUran~c ~arncr oller:. III ...:ttle a claun for insurance bencllls. l.ender is authorized to collect and apply the insurance proc4.-'"ed.s at Lender's option either to restoration \.If repair of the..' Property or to the sums secured by this Mortgage. Unless Lender and Borrower othe{'\.vi~c agree In \\Tlting, an) such apph~atil1Il llf proceeds to !Jflncipal shall not c\.lcnd or postpone the due date of the monthly installments r~ferrcJ to in paragr.Iph~ 1 and 2 hereof or chan.4e the amount of such installmeuts, If under paragraph 18 hereof the Property IS aC<julfed by Lender, "II fight. title and interest "I Borrower in and to any insurance poHcies and in and to the prol.::ccJs thcrcot resulting from damage to the Property prior to th\;' s;dt:: or acquisition shall pass to Lender to the extent ;,)[ rhe SUOl:) s~curcJ by thi~ :vtortgage immediately prior h'l such sale Of acquisition. 6. Preservation and Malnt.nance of PropertJ; L.aseholds; Condominiums; Planned Unit Developments. Borrower shall keep the Property in good repair and shall not commit waste ,)r pcrm.t nnpalfment or deterioratiull of the Property and shall comply with the provisions of any lease if thiS. rVhntgagc I" on a h:aschold, If this ~\1urtgagt: is on a unit in ij condo.minium or a planned unit development. Bo-rrower shall perform all 01' Borro\.\-er's llbligatlOns. under th~ de~lal atlOn or covenants creating or governing the condominium In planned unit Jcvclupmcm. the by-Iaw~ ~ll1d r('glllation~ \.If the condQminiwn or planned unit development. and I;onstituc-ru uocumcl1ls_ If a .....onuominium or plannl.':u tlnlt dcvdllpmcnt fidei is exe-c.uted by Borrower and recorded h..lgethcr with !hi~ ~1i,)rtgagc. the ..:o\'cnanb i.lllU ,Igrccmenb f..\f Slh.:h riuer ~,be<.incorpo:rated into and -shall amend and supplement the l.;o\'cmlfits and agrccm~nts \.If this Mortgage a~ It [he ride! were a pan hereof, 7. Pro~ediO-Il of Lender~s Security. If Borro\\'cr fails to perform the c()vcn.tnb and dgrccm<:llts ~:\lnt.l111CU In thl::> M.ortgaget or- if any action or proceeding is l'ommcnccJ whi\.-h materially affc...:ts Lender's mterest in the Property, including~ but not limited to. eminent domain, in~olvcnc}'. code cni'un.':cnlcnt. or arr<.lngcolcnts i..'f pwccedings in\'olvmg J. bankrupt or decedent. then Lender at Lcnder.s option, upon notice to Borrower, 11M}' make ~u;Jl appearaol..'c\. dISbU1:-'C '\lIl;h sums and take such action us is necessary to protect Lender's interest, including, but not limneJ hI. ~ti;-.but';l;ml..:'nl <..11 re-asonable attorney's fees and entry ul"'on the Pro~rty to make repaIr,,>, If Ll~ndcr rcquil,',d nwrtgagl,' in.~uran~t.' ,i\ .I condition of making the loun secured by this !tr'1ortgagc, Borrower shaH pay' the premium:,.. required h' maillt31fl ~lh.:-h insurance in effect until such time as lhe requirement for such in~lirance terrninatc~ in :icc;:Jrdall(t; With H(I~T,w.-a\ ;.Ind