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<br />UNIFORM COVENANTS_ Borrower and Lender covenant and :lgree' as follows:
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<br />l. Payment of Principal and Interest. Borrower shall promptly pay when due the princip;II 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.
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<br />2. Funds for Taxes and ,Insurance. Subject to applicable law or to a written waiver by Lender, Borrower. shall pay
<br />to Lel1de~ on the <l;ay 'monthly. i~stailments of principal and interest arc payable under the Note, until the Note is paip. in fuJI,
<br />a s;u~_- (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-otW..twel,f~, of yearly -premium installments for mortgage insurance. jf any, all as reasonably estimated initially and from
<br />time to time by_ Lender on-the bas'is of assessments and hills and reasonable estimates thereof.
<br />The Funds shall be held in -an institution the deposits or aCCDunts of which are insured or guar~mteed by a Federal or
<br />state- agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance _premiums and ground rents. Lender may not charge for $(t holding and applying the Funds, analyzing said, account.
<br />or verifY;ng and compiling said assessment'i and bills, unless Lender pays Borrower interest on the Funds-and applicable Jaw
<br />permits 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 he paid to Borrower. and unless such ~lgreement is made or applicable law
<br />requires such interest to be paid, Lender shaJl not be required to pay Borrower ~tny interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual ;lccounting of the Funds !o.howing credits 'and debits to the Funds and the
<br />purpose for-which each debit 10 tile Funds. was made. The Funds are pledged :.is 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 prior to
<br />the due dares of taxes. assessments, insurance premiums and ground rents, shall e.~ceed the amount required to pay said t+!Xes,
<br />assessnients, insurance premiums and ground rents. as they fall due. slIch C'{i.:css shall he. at Borrower's option, either
<br />promptly -repaid - to Borrower or credited to Borrower on monthly imaaHmcnts of Funds. If the ~mount of the Funds
<br />held by Lender shaH not be sufficient 10 pay taxes, assessments. ins.urance premiums and ground rents as they fail -due.
<br />Borrower shall pay to Lender nny amount necc-s.sary to make up the detkiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment Ihereof.
<br />Upon payment in full of all sum,,- secured by thi:;, ML1ngagt.:. l.ender shall promptly refund 10 Borrower any Funds
<br />held hy Len,der. If under paragraph 1 ~ hereof tht";' Propeny 1'; ~old t1r l,he Property is otherwi..e acquired by Lender, Lender
<br />shall apply. no later than Immediately prior 10 the ~a[~ of lh~ Property or it'i ~\cquisition by Lender. any Funds held by
<br />Lender at the tlme of application as a \:redit ~igaJnst the sum... sel.,:ured by thi~ Mung-age.
<br />3.. Application of Payments. Unk<;s applic_ahlc law proviJes otherwise. all paymc11ls received by Lender under the
<br />Note and paragraphs 1 and .2 hereot shall he ..\pplicd by Lend.:!' tlnot In r,l~ menl of arnoums payable to Lender by Borrower
<br />under paragraph 2 hereof. Ihen to ultcrc\r payable on the S~Ht. then 1\1 the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Charxes; Uens. fh1rrowcr "hall pay ._ill 1;1\\;'\_ >1,"'~'i."ml.'1lI5 .-;od \.llhcr l'h:lrge~, fine~ :HHj impositions attnbutable to
<br />the Property which may attain a pnority o\-'cr lhi~ \Iortgage. ~lfld h.~a'ich(\ld p.lymcnts (If ground rents. if any, in the manner
<br />provided under paragraph 2. hereof or. it Hot poilO ill !<ouch nwnncr. h) Uorr<m-cr makmg payment. \I,-'hen dueT directJy to the
<br />payee thereof. Borrower sh~U promptly fUfnl:-h W Lender ali 1l(lill'e~ ul amuunts uue under thi~ paragraph, and in [he event
<br />Borrower shaH make payment directly, Bnrr(\~hT "hall pr(lmrfl~ IUfl1i..h In Lenda r('\:eipl~ l.:vil.h:m':lng :.w:h payments.
<br />Borrower shaH promptly discharge any hen \...hl~h has F'r1NltV ('\'<.:r thl~ MDrtgage., provided. thai Borrower shall not be
<br />reqUired 10 discharge ~wy such Jicn :'0 long a!. BornJ....er ~haH .lgrcc in 'I.~ riting \(I the paymclll of rht: obligation secured by
<br />such Hen in a manner 3(;ceptablc In L~ndcr. ,){. ...hall Hl jJ~),)J !;lith l"l.)nk"t ~H,-,h lIen by. \1f defend enforcement of such lien in,
<br />legal proceedings whJch operate to prevent the t:nltlf..'cmeJlf ,_'I th(,:' h1."li Iff ft)rhmurc oi ihc Pro-peny or any part thereof.
<br />S. Hnard Insurance. BOrl'O\\'Cf ~hulJ ~,xep lh(~ Impn,;vt:II\OII'- Ill\"~ c_\i,:>ong or hcre.Jltcr CI~"~lcJ un the Pmpcny insured
<br />against loss. by fire. hazards- indu<--l~d \~'Hhin :hc. Icrill Ue\tcmkd 1..;I\'t.:'fi.t/?t:'. :.tod ...m:h i.'llh~r hazard.. as Lender may re4111re
<br />and in such ;l.m<)Uo(.s anti for "w,.:h PCfJl1d) ~l.:-. I ~ilth.'r 11Ii1)- fCi.ltllft:. Plll\ Ided, ,hat Lt'lllh~1 \hall not require that lh~ amotlnt (ft'
<br />sw;h co\>--crage cx('~cd thlH aowuOl t}f ~'~IH'nt~\,; rcqulr;:d {l,1 p.1Y 1 h~ "HIll... "\;'l.:un:d by II-H'I Mortgage.
<br />The imUflUK:C: -.::,urier provicling. Ihc H1.Mlfdih:t; ~lwli tre d);,)_,>-en hy Bnnm,Cf ..Hbjcct to .\ppnwal by Lender; provided.
<br />that such approval .shall not he unrciiS{.1fwbly withhdd .\Ii !'l:~ml\.lm" \'0 iml\l.11'\....~ pi.)II",ic~ :;.hal! be paid :n the manner
<br />provided under paragraph 2 ht:reof ~)r. d fl..)( p~HJ in ";!h.:h Il\illiner. l\~ UflrwVo-cr m-akllig payment. when d:Jc, Jir<<;tly to the
<br />insurance carricf,
<br />AU imurancc p()-lt,ic~ and ft:"ne'l.....ilh [hi:Iel\f ...hall hi.: Ul i.mn .1;':";~P!4blt.: IIJ 1. Cndi.'l ;mu -shall ;!H..:ludc ~I ~liHH.li!rd mortgage
<br />clause in faVQf ('If and 10 (\.)rnl al:c,.;:pLible hI IxnJer. I ,.... !Ilk I' "hdi h.n.: the ll~h[ h. hold till:,' puh.:ic" and rC'n~\\oal'\ thereof.
<br />and Borrower Shitlt promptly fUfQJsh tQ LCtH.ki' all r~n\:,\l,all1"'HI(,t.'~ .HHf ;tli n.:";Clpl~ or p~jd prC-mHJl1h. In [he e_vent of los'l.
<br />Borrower sbaH gil.'t prompt notice to the HhUI.H\n~ ;";'itW:1 dnd LenJer. Ltfh,h:r rnay make pr(\f.'I! \)t lo~ it not maue promptly
<br />by Borrower.
<br />Unless lender and Borrower olh~rwj\~ agrl,~t: In wntmg, in"llf~Hh.-C pr()(.;c~d... ~hall be J.pphed 10 reSWfiUlon or rep.lir of
<br />the Property da1uaged. provideJ ~lh;h rc!o.toratillll or rcpat.f Iii- c(:olll1mi-;,;:-tUy feasible :ilnd the ,e~urity of thiS MUftgage is
<br />nol thereby impaired, If such rCiitoratlOn Qf r~pmr IS I'wt c'('lwmK;.lly tca.Hhlc or If fhe StjCltfllY of Ihl$ Mortgage would
<br />be impaired. ,the insulan<< pCf.1Ceed~ "l.huH be apphe-J t.o the sum!, sc-'uce\.t l~) Iht~ Mung.age, with the e,\ct:ss, if ~my, paid
<br />to Borrower. If the: Property is. abllnd,l-llcJ hy Borwwer, nr Jt Horrower fails w r-e",pond to Lender Within 30 days trom the
<br />date noti~ is mailed by Lender to Borrower thitt lht' insuralJ;;,/J (:<lrncr olre[~ to .>euk: il daim for in~urance henefits, Lender
<br />,s authorized ,to collect and apply the lf1!l.uran<::c p\'~d~ at LenJt:'c"s ('pt{vn either to reatoraliQI\ or rep<Uf of the Property
<br />or wthe _ secUffil by tl\1$ Mortgage.
<br />Un.leu Le-nder and Borrower OtMf\'-'l;'C agree In wrumg. dHY Hu,'h appHcJ.1'lon l~f pro....-ccds to pnnclJAtl ')hall not extend
<br />or pD5tpotle. the- due date oJ the monthl)' inSlaHmeut~ rcierred to in paragraphs 1 anJ 2. hereoi or i:hange the amount or
<br />sudt-iO,$lalImenu, If urMr parag!.apb 18 hereof the Prop<ny l~ -ar,;:quircd hy Lcrl-i.~(,.r, ,All right. title and tnleres( of Borrower
<br />in and to ally i.nsurance policies and in and to the proceeds tbereot re,'wlting fwm damage to the Property prior to the sale
<br />or ~.ti-Qn shaH pus. to lenaer to tbt. eXleiH of the sum~ ~ccurc-d hy {hi~ ~0rtgagc Jmme.dial4i:ly pri,,)f to such ~ate or
<br />acquisition.
<br />.. .......... ...MUif- or Pro""rI}; L.......h<>lds; CoQdOJUiolu..... Pllulned Volt J).~dopmepls. Ilorrower
<br />l!laIU"..plhc Property ill good repair and .ball 001 cummil wa:\te or permit .mpa;rmellt or deterioration of the PropertY
<br />...s-~ ~ with ~ pr:q~isions of an)" leASe tf th~ MOftgag( 1:S On ~ Jeas-ehotd. If this !\~o:n~ge l!> on a unit io a
<br />~i",:it)fJl_~-:a planned unit devciopm..:-nt, BOHOW('f ~huH perform. a.U ('1'1 Borrower's pbhliauons un4er the declarauOfl
<br />or eo~1s crealm, <It governing tbt: condoll1lllium or pranned \I!lIt dC"elopmem.lh< by-law, and regulations of tbe
<br />~ -5tt.-~ umt devdopnlent. and c-onsUluent docwl1ent~. It;t cOIl\!ununium or planned unit Jc\'cll.Jpment
<br />ri4a:.ia.~uf.Lby ~ and ..n4'Oflle4t"8Alh~I wlIh. lh.. Mortllilge, lh~. cownants and. ugrecmenl> of. su.;h rider
<br />. ~. "'14 sbl\ljl!11letldlWd ""llpletne1ll1h< cove.l\ilt1ls aod agreemenl> of th" Mprtgage a~ if the rider
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<br />.~. ~~,lf Blur"'!'!>I fail~ to perr<>l1'rl (bt: <"",,nants aud agreemc.\1S contained in lhi,
<br />~ . ",r pt<)I:!l'fdill&. i~c~d "hkh m~lerWly .necu l.ender'~ .ml:te.t ill the ProperlY,
<br />. . ..1<\. r:mlllj>!)ld\tmliin, in'lo!Wtl<;y, ,'(>de enlor<:ement, or lUliil>JlllI",,,t. ,)C l'",,:eeding. involving.
<br />~~~'_~-~ ~3-J~_.t, Lender's opUtm. VplJn nl;Jlk~ to Botfo-wer. rn.a)" mAte-su~h appcar.tnc.es, i.hshuni; 'Such
<br />~.~~._"""lit;1Il" ,.."""~ IoPfOl<<tlM!Iler\mtltl""t, .",Iudi~ !>vI .lOt lllfUted t". d..bur...",.m "r
<br />t~~_~f\: ~ ~', ~Jr:)l ij~- tb~_ 'fl~tt>~"" H), _ma)(( .tc_pil!f'A;,-_ If I~f:n~f rc~uire4_ m\).f1i~ in.!\urancv a.~_ a
<br />~.i>:t~. IlMi .~ ;~\Jl~~ 11).. lhl~ ~1'"lIag?~ Bw,owcr .haH ('oJ..lIt pr'''Hum, ,.qull<41 to m.iI)t.in ,ud)
<br />,,~~b,l-.~~ ~,_i:iii!b'Utfi(;:, ~ t~ ~ufrctM~t_r4r 1!iCh !nsu-rat+t\e tt-rmifi>>tel In A(;c()fda~e WIth B\""ltfOwer\ and
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