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<br />83-1)01428
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PrIncipal 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 />Z. Funds for Tn"" and Insnnmce. 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 />a som (herein "FUnds") equal to one-twelfth ('f the yearly ta'es 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 one-twelfth of yearly premium installments for mortgage insurance. if '''y. all as reasonably estimated initially and from
<br />time to time by Lender On the basis of assessments and bills and reasorable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution 1. lender shall 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 hills. 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 ,"vriting 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 />requires such interest to be paid, Lender shall not he reqUIred to pay Borrower any interest or earnings on the Funds. Lender
<br />shan give to Borrower, without charge, an annual accounting of the Fund.., ~h()wing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums seCured
<br />by this Mortgage.
<br />If the amOUnt of the Funds held by Lender. together w,th the tuture monthly ,"stallments of Funds payable prior to
<br />the due dates of taxes. assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments. rnsurance premiums and ground rents a~ they fall due. sllch cxces~ shaH be. at Borrower's option. either
<br />promptly repaid to Bormwer or credited 1<' Born;wer <)0 monthl" Installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments. 1l1surancc premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necc.\sary to make up the defiCiency Within 30 days from the date notice is mailed
<br />by Lender to Borrower requesung payment thereot.
<br />Upon payment m full of all sums secured by thl.. Mortgage, l.ender shaU promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 1 S hereof the Propert} !\ \old l)f the Pr(}perty l~ othef\\'ise acquired by Lender. Lender
<br />shall apply, no later than Immediately prior to !hc ...ale ()f the Propeny or lIS a..:quisiuon hy Lender. any Funds held by
<br />lender at the time of application as a credit agamst rhe sums :-;ecured hy thiS ~1ortgage.
<br />3~ Applit"adoo of Payments. Unless applicable la\\' pft)vides l)thenVlse. aU payments received by Lender under the
<br />Note and paragraphs I and 2 hereot shall he apphcd by Lender tirst 111 ra~:rnent ot .:lnlOunts payable 10 Lender by Borrower
<br />under paragraph 2 hereof. then to mterest payable PO the ~OIC, then h1 Ihc prinCipal 01 the Note. and then to interest and
<br />pnncipal on any Future Advances.
<br />4. Charles; Liens. Borrower ..hall pay ;;~lt !a-'\c~, ~t~ses~mt:n!s and ~)lh('r ,,:harges. fines and Impositions attributable to
<br />the Property which may attain a pnority over rhl~ Mortgage. ..tnd kasehoid payments l..1r ground rents. if any. in the manner
<br />provided under paragraph 2 hereof or. If not r~ud l!1 "lKh rnannt."L h\ Bl\rrO\~.--t:'r making payment. \\'hen due. i.hrectly to the
<br />payee thereof. Borrower shaH promptly furm~h 10 Lendcr all IW(H:es lli .,mlollnts due under thiS paragraph. and in the event
<br />Borrower shall mue payment dJredly. Borrower 'Ihali promptly lurT1l~h h) l,cnJ.cr fCi.:ciplS ('viden~lllg such payments.
<br />Borrower s.hall promptly discharge any IH:n whlt...'h ha~ prlt"\flty l!\t;f (fl!', \1urtga&c; rrlwlJeu. Ihat Borrower ~hall !lL)( he
<br />reqUlred to discharge any such lien "'J long as Borrower ...hail ~grt"e III \"IJ{Itlg: h\ the r~tymenl of the t1bhgalion ~ccurcd by
<br />such hen in a manner acceptable to Lender. tJ( ..hall Hl g(}t.~d faun ,.'-~'IHC~i ~w..'h lil.~n by. ('If defent..i enfon:ement of slIch lien in.
<br />legal proceedings which operate to prevent the enfl.lr\.'t'mdH of the h.'fl \_~r f\.)fft~lturC' df the Property {lr <lny part thereof.
<br />s. Hazard Insuran<<.. Borrower s.haH J..e~p !he Impr()\'l:rHC'IlL.... fll'\\ C\i:-.lmg I..\f hal.'at!Cf crci:tcJ on the Property Insured
<br />ag~inslloss by fire. hazards induded wuhm the ferm "~\telh,:kd "-l'\.t..'l..tge and \lh.:h lnher h..Lards a... l.cnc.Jcf may reqUire
<br />and in such amounts and tor ~u...:h perious 3' 1 cnJ.~r in.i.}' requIte, pH,J\H.lcd, that L~ndt:r ..hall nl.'{ rl'l...Jwrc th~1t (he i.unolllH of
<br />such coverage exceed that amount pt l:l.h'('rage reqUire\-.! !o P,l\. P:(" "\lm" ..t'(W1:J hv {hl~ ~tortgJ;gt:.
<br />The lOsuram::e \.'arner providing the msur.an~c ~hfjll he lho:--t:o hy BOrnH\~r '}uoJed [p d.pprDvui hy Lender: prOVided.
<br />that such approval shall not be l.mreaso-nd.o!y \.\,ithheid, ,-\H premium, ,-'n inSlif~i1h':C- pl)li~l~S, s.hail t>e paid HI the manner
<br />prOVided under paragraph 2 hereOf or, if !lot p.uJ ill su~h maUlit:l, h~ B,)ffti\\Cr maklOg paymenr, whC'n due. directly to the
<br />insurance carrier,
<br />AU insuran\,;c policies and ren\."wds rherCl)! "ih~ljl be In form .h......t:Pl.tbh: hl l. crhkr <tnll sh;lll 1!1dlld~ .1. ..lanJarJ o1i.lrlgage
<br />clause in favor of and m form a~ceptahle to 1 cenJer. t t.'nti~f ...h,i.i; h..i'.t: the fight h' h~\ld lh~ rdlicu;~ .md h.'nc"ab thereof,
<br />and Borrower ~hall promptly fUfIl1sh to Lender all rl.:llc\\-i.il !h.Hh..'l,.'" ,lilJ ,t1i fC\.'ClptS i.H paid premlunh. 111 Ihe e\~nt 01 loss,
<br />Borrower ~hall gl\'C promp[ noti(:c h,) the !Jlsur,i1k~ ..:arru.:f .inJ 1 \.'I\Jl'l I endl'l llld) md~C pfl)lll ~H' luss Jl n~lt madc phJmptly
<br />by Borrowe!.
<br />Unl~ss Lender and Borrowcl othcrVd~l,.'" .1gr(.~\.' In \\.flling. lH~llI..\Ih...; t'1\i-lI:~d.s shall lx- J.pphcd to n:::-.tl)r~Hil..}11 lll' rep..tir of
<br />the Property damaged, provided such n,~~t\)rath.Jn ...)f l(:piJlf !:\ t:'."lllh.tIlU\.'Oill} kaslhk aud th~ :-.e~urity of (hiS \tongagt..: 1\
<br />not thereby impaired. If su..:h rCS((..>[..lUl)f1 or rep.ur IS 111.)[ .....\.'-i,){h'mh:,tJj~ It..'~i...i~lc \.11' It th~ ~c(ufll); ~)r lhls. ~hJrlgagc \I,'ould
<br />be impaired, the Insurance pn.x:eed.'\ shall be apphed h\ the :<.unlS ,-,C'..:urcd h~ thh Mortgage, \\lth rhe c.xccss. it <lilY, paid
<br />to Borrower.. if the Property i:i ~tband-iJncd ~~ I:h..lrn,)\.\~r. l'f It BOliu",cr Lld~ h) rC50ponJ h) Lender wHhlll 30 day~ from the
<br />date notice is mailed by Lender tu Borrower ih....t the !I1s.ur..n..:.~ ..'..in iJ..:r oflcrs ,,-I :.~,Hk d cl.:um tor lfI\uran~e benefits. Lcndcl
<br />is authorized to collect and apply the insuraIK~ proceeds ..1t L~{hkf \ l)pti\.)J:1 C'llhcr 1O restoration ur repair of th~ Property
<br />or to the sums s",,;ured by tbis Mortgage.
<br />Unless Lender and Borruwer otherwise aglcC' In '."'flung. an~ ...u".:h <lppii,atwlI ~)t pru"::l.:cJ~ 1\1 pilnclpa! ~hall rwl extend
<br />or postpone the due date of the; monthly in~taHmenr~ referred to In paragraph~ I ~l.llJ 2- ht:rc,Jf or .:hange tht: <lilhJUnt l.Jf
<br />such installments. It under paragraph 10. hereof !he Property i'i. ~K"IuiICd n} LenJt:r. .lit nghl. tltlc and intcreSl ,)1 BurroV\cl
<br />in and to any insurance policies and in and te the ph.Jl.:i..':cd~ tht:lt.~i rC'.l-uhing from damage to the Pr0pcny pril.'f [0 the :-,.ik
<br />or acqui~ition shaH pass to Lender to the c,\tcnt of the ~um~ se;,;urcd h} this. \longag~ irnmcd~atc-i) pnor to such ~alc lii
<br />acquisition,
<br />6. Presen'atiou and .\laiotenauce of Propert.l; Leaseholds; Condominium~; Planned Cnit I)e,-elopments~ Borrower
<br />shaH k.eep the Property in good repair and shaH not commit v.'astt: Of' peIOlit impaIrment ur Je{CriOf<Ul~)H of the Propcrt)
<br />and shall compl~,.. with the provisions of any lease if ihls !\.-tongagl: j, '-'0 ~i k~sehold. if lhJ:'i \turtgagc i... (lil ~i uilH in .1
<br />cOndominium or a planned unit development, BOf[(\\\-cr ",h~tll f"crfl'lrm aH t.-if H\HTO\\Cr'~ \)hjjgalJl,)!Is und,,'j' the i.h::d,lr~t{i(ln
<br />or -l;ovenants creating or governing the Cond\lminium I.lt planned unit de\..t:h,'pm~nL rht: by-Ia\\'\ ~tlKi n:guL.lth.1!l'l 1,;[ the
<br />condominium or planned unit developmem. ~H1d constituent tiOCUmClll" If ,I (,.(\n.Jt.minium or rkmncd unit dL:\d~lpmcnt
<br />rider is C-.x,e-cuted by Borrower and recorded lugether \\tith thi"i M,ortgagc, Ih~ \~l..)\'cn~tnb ;mt! .igrcemcnb pi ,ul:h rider
<br />shall be iUCQrporated mlo and shaH amend and supplement the 1,:~\'.-t:nJ.rHs and ~lgrt,.'cm(,lll\ fir !hr~ "'t(~r1gagc ;I, il: the lIJ~r
<br />were a part hereof.
<br />7. Prot<<tion of l..enders Sti'urity. If B,;:;rro,,"er l'ad~ {iJ ~rform the (.'(\\ic.nanls. .-Hhl J.gn:emt'lits l,'l,'fH~Wil:d in rhis
<br />Mortgage, or if any action or proceeding I~ \,:ommeni,.'ed \....htt:n m<lteriaUy atkds I ender'",! mtcft'...( in thl.' PrO}'t1:fl),
<br />includin-8~ but not 1i-.mited lo, eminent domain, in')(1lvt~tH;Y, ,,:tx1t.: ..:nfor\.'cmcnt. ,or <lrrangement,\ nf pnx:~(,'dinp invuh'illg a
<br />bankcu,pt'-or de-cede:nr. 1hen l..ei*r at Lender's optiNl, upon I1Nic-c to BQrTow\.'r, O1-i.tY muke "!!.u-\.~h ;lpp('ar~'tnc(~'< di:.huf'\t' 'Iu;,.h
<br />sums a,nd take such action a~ is ncce:~~ary to protect Lendcr's inH~re.~t, mdudmg, but not lHnircd t(l, di\bur~t~m('nt l.,f
<br />r-e-aaonabk att.orney-s fee$, and entry Hpon the PnJpcrl)' fO nli.lke rcpatP,. If Lender required nw-ng.'\ge ;I\~uranl,'t:' ih ;;
<br />condition of n1,akrn-, tbe loan sc-cured b)' tlus M,('r1gagc. Borr(\wa shaH pay lhe pr~rn;ilfit.;, n'qwr;.....d ie" mainLw\ ",,,.-h
<br />ifl$uranr..e in effect until su;;h hOle w, {he requirement fot ~tH:-h in-r;wa-iH;C u:rnnna!cs '0 ~t{~0r-da:;({;' w;th .6(10'1'\-\'1.:1'"' ,:wJ
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