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<br />83- 004355
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PrlIIClpal and 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 Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insnrance. Subject to applicable law or to a written waiver by Lender, Borrower shaH pay
<br />to' Lender on the day monthlyinstalhnents of principal and interest are payable under the Note, until the Note;s paidinfuU,
<br />a sum (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 insurlmce,
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated'initlally 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 aF'ederll.l.or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to paysaidtaxes,a,ssessmcllts,
<br />insurance premiums and ground rents. Lender may nO! charge for so holding and applying the Funds, analyzing saidaeoount;
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the timeofexeeution 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 eamingson the Funds. Lender
<br />shall 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 pdorto
<br />the due dates of taxes, assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents a, they fall due. such excess shall be. at Borrower's option. either
<br />promptly repaid to Borrower or credned to Borrower on monthly installments of Funds. If the amount of the Futlds
<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 deficlencv Within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment IhereoL
<br />Upon payment in full of all sums secured by tillS Mongage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Propeny IS sold or the Propeny IS otherwise acqUired by Lender, Lender
<br />shall apply. no later than immediately prior In the sale of the Propeny or ilS acquiSllion by Lender, any Funds held by
<br />Lender at the time of application as a credit agamst the sum' secured hy thIS !\longage.
<br />3. Application of Payments. Unless applicable 1m\' prOVIdes otherwise. aU payments received by Lender under the
<br />Note and paragraphs j and 2 hereof shall be applIed by Lender first m paymenl of amounts payable to Lender by Borrower
<br />under paragrapb 2 hereof. then to Interest payable on the ~ole. then w the principal of the NOle. and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; liens. Borrower shall pay all lJ.\Cs. <.\;"sessmcnts and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over thIS r-,.!ortgage. and leasehold paymenls or ground rents. if any, in the manner
<br />provided under paragraph 2 hereof or. ,f not p,ud III such manner. by Borrower making payment. when due. directly to the
<br />payee thereof. Borrower shall promptly furnish 10 lender all notIces of amounts due under this paragraph. and in the event
<br />Borrower shall make payment directly. Borrower ,hall promptly lunmh t(, Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has poonty over thIS Mongage: provided. that Borrower shall not be
<br />required to discharge any such lien so long as. Borrower shaH agree In ..... rumg to the payment of the obligation secured by
<br />such lie_D in a manner aCl,'eptable to Lender~ or shall in good faIth cl)nh..~t s.uch hen by. or defend enforcement of slIch Hen in,
<br />legal proceedings which operate to preveD( the enfon.;cnwnl 01 the !len "I.lr torfcltuft." of the Propeny or any part thereof.
<br />5. Hazard Insurance. Borrower shaU keep the !mprov~mt:nb no\.. c\i"ung lH hc-rcafler erected on the Property insured
<br />against loss by fire. hazards included \\ i[hm the term "(''-lendcJ (";,"lvcrage". '--'oJ Slh.:h other hazards a!' Lender may require
<br />and in such amounts anu for sU\,:h pcrjod~ liS Lender may n:tflllrt"; pro\ ideJ. that Lemler '\.hall not rt'i.{uirc that the amount of
<br />such coverage ex.ceed that amount of cov~rage rt:'qUlr~d 1\J pa~ the "tlm~ ~ccurcd hy (hiS ~-1ongage"
<br />The insurance carrier providing lhe insuranl:e shJ.iI h~ dlt)~t:n hy Borruwer ~\Jbject to approval by Lender~ provided.
<br />that such approval shall not be unreasonably withheld. All premlllm~ ()-f) jnsur..mce Pl,hcies shaH be paid in the manner
<br />provided under paragraph 2 hereof or, If not p,ud in such manner, by Borw"er makmg paymenl, when due, directly to the
<br />insurance carrier.
<br />AU insurance poHcies and renewals lherel.'i shall be In h)rm ;h"'~~ptdbk hJ Lcnder .t!H.i shall includl.: il :-.talldard mortgage
<br />clause in favor of and In form a\:ceplahle tl) Lender. L~ndcr ,h.di h~l\~ Ih~ right h..l hl..)ld the policies ano renewals. thereof.
<br />and Borrower shall promptly Curnlsh (0 Lender all rt:IK'\\ai !l"HI...:e, allJ all n....:clPlS of paid premiums., In the event of lo~~.
<br />Borrower shall give prompt notH;:C to the in~uranl,,':c ~arflcr .HlJ LenJcL Lenoc-f 11M)- make prool of loss if nOl made promptly
<br />by Borrower.
<br />Unless Lender and Borrower othcrv.'i~c agree In wrltmg. m~uralh':C pf\h:t.::~d~ shall be applied to rCMocation t.)[ repair of
<br />the Property damage-d, provided su\;h re~toratU)H 1,)[ r~p.ua i:\ t:i.:unumh.:ally kas-lbk and the ~ecurity of this _Mortgage is
<br />not thereby impaired. If sU1:h restoration or repalr l~ not c":\.Hh.Hnii.:ally ft.:as.ihlc or if the security of thiS ~tortgage would
<br />be impaired, the insurance proceeds shall be applted to the sums secured b) IhlS Mortgage. wllh the excess. if any, paId
<br />to BOff-uwer. If the Property is abandoned by HOfi"OWCf, l1r it BOrr(lWa jad~ to n:~pond to Lender withm 30 days from the
<br />date notice IS mailed by Lender to Borrower that the ms.Uf~U1Ct: ~iirrier l,ltfeno to ~cHI(: a claim tor ins.urance benefits, Lender
<br />is authorized to collect and apply the insurani:c. proct-"'Cd~ .1t l.ender's opHon CJt.her to resloration Of .repair of the Property
<br />or to the sums se<oured by this Mortgage.
<br />Unless Lender and Borrower otheC\\'i~c agrc~ III \\IlHng. an} ~tj(h appli..:a[jon ,Jf pm~ccds to pnnctpal ~haH not extend
<br />or postpone the due date of the monthly installments rdcrred h~ in paragraphs I ~tnd :! hel'eof or ...::hange the amount of
<br />sw:h installments. If under paragraph 18 hereof the Property IS acquired h) Lender. all fight, tllle and ,nlerest of Borrower
<br />in and to any insurance policies and in and to the pn.:.-\CecJs thereof I'~uiting from damage to the Property prior to the ~alc
<br />or acquisition shall pass to L~nder 10 the extent uC the ~unh ~t:-curcJ b~ this Mortgage inunediatcly prior [0 :mch sale or
<br />acquisition,
<br />6. Preservation and Mainlenance o[ Property: Leaseholds; Condominiums; Planned lJnil J)e,e1opmenls. BotTOI'er
<br />shall me the Property in good repair and shall 1101 commil waste or permit impalfl11en\ or delerioration of the Properl}'
<br />and shall comply with the provisions of any lease it thl> Mc,rtgage IS on a Jcasehoid. It Ih" Mortgage is c'n a \IntI in a
<br />condominium or a planue-d unit d-evelopment. BorrQ\\'cJ )haH pcr[l,l-rm uU l.lf Borrower'::, tJhltgaw:ms under the dcdaralH_H1
<br />Of- covenants creating or governing the condonllnlum or piJnned unil development. the by+law:-o and n:gulati\JIl"l t)f the
<br />cOn~o.rniqi~ or planned unit developnlem, .lod I.:Otlstitu~nl uocurncnl~, I f a i:l..U1dominium ur planned unlt ,-kYt,:l\lpm~nt
<br />ri~_ is exe~ut~ by B9rrower and recorded together \-\ Ith thIS t>.tQrtgag.:, the cPvcnanls ;tnd _ agrcemcnh t-,f _ \IK:h fideI'
<br />shailbeincor,porated into and shall amend and supplemcnt thc ccwenanls and agrc'ell""lls of tIllS Mortga~c a' tf the Ihler
<br />were " part hereof.
<br />7, I'roIeo:tkm o[ Lencler's Security. If Borrower falls to perlorm the covenants and agreements wfllalllcc1 ii' Ihi,
<br />Monaaac,. or if any action or proc'Ceding is com!Ilenced which materially aft'e.:ts Lender's interest in the Properl).
<br />'in~d."-!l~._ but_not ,Jitp;te4 tO~ -c~lnCJ)t do-main, in:solvcn;;;:y, t;,"-(xic enfpr..::ctncnt. Of arnHlg~nlents or pn.-x:ccdings JHvplving a
<br />banjrup.t or dece:dent, the_A I..eu\1er at lender's option. upon notice h) Borrower, may rnukc su(~h appcnr~lItt.'e\. di:sb-urst.~ )\i~h
<br />s~_ and, ta~:e $t!c~ _~tiori as 1$ neces.sary tt.1 protei:.-t Lender's: inl~rCSL including, but J1l't IiOHICd t(l, dj~bufselH~nt \\f
<br />tca~ab~c- att9~~ts f~ an~ ent~ UP()~ the Pn.~peny to make rCJ:a.irs. H Lender n.;~uin:d n1<'rtgag<" !!1SIU"iW~t' :;1" ;1
<br />cQl)dition of ~Q1~1-- tQ.<<f .1Qaf" ~).lfed by thi$< M~)f~t&-at-e, Born)\\"-ct shl:'lH pay tht~ premmms n"-qwf<':d to maint.tln ~U-dl
<br />iqt\itance in effect untiLsuch"'time a!l the requirement for such _insutance l('fmi!1;ttc~ Hi ;".i\..'Ctlfd*HiO: v.ith BWTl._'\..cr.... and
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