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<br />83- 005191
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<br />UNIFORM COVFj\iANT~. Borrower and l.emiL-r covenant :mJ agree as follow..'
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednc~s evidenced by the Note. prepayment and latc charges as provided in the Note. and the principal of and interest
<br />on any Future Advl:lnccs secured by this Mortgage.
<br />2-. Funds for Taxes and Insurance. Subject to applicable law vf 10 a wriucn waiver by Lender. Borrower shall pay
<br />to Lender on the d,jY monthly installments of prim:ipal and interest Jrc payahle under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to oncwlwelfth of lhe yearly la:..c" and assessments which may attain priority over- this
<br />Mortgage, and ground rents on Ihe 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 any, all as reasonably estimated initially and from
<br />time to time bv Lender on the basis of assessments and hills and n::a...onablc estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guar.mteed by a Federal or
<br />state agency (including Lender if Lender is stich an institution). I.cnder shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. r .ender may not ch~lrge fM so holding and applying the Funds. ilnalyzing said account.
<br />or verifying and compiling said assessments 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 \vriting at the lime of execution of this
<br />Mortgage that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall nol he reyuircd to pay Borrower any interest or earnings o~ the Funds, Lender
<br />shall give to Borrower, without charge. an annual accounting ()f the Fund<. ..howing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds \\'as made. fhe h1ll(b an: pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amoum l)f Ihe Funds held by L.:nucr. hJgcthcr with Ihc fmure monthly installments l)f Funds payable~ prior to
<br />the due dates of taxes, '-ls::.cssments, insurJ.ncc premiums and ground rents, shall exceed the i.lmount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they r all duc. ~tlch nccss shall he, at Borrower's option. either
<br />promptly repaid to Borrower or credited to Hi1rrO\\.'er l)O monthly installments of Fund~. 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 ddlcicncy within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment rhcn.:"ilt
<br />Upon payment in full of all sums secured by rhls ~'l()rlgag..:, Lemler "hall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 10 hcr..:ot the Property J', '.old llr thl' Property IS otherwise acqUIred by Lender, Lender
<br />shall apply, no later than immediately pnor to the "ale df the Propeny l)r its acquisition hy Lender, any Funds held by
<br />Lender at the lime of application as a credit against the Sllm~ \ccun:d oy rhi... Mortgage.
<br />3. Application of Payments. l.Jnk:ss dpplicable la\I,.' prm Ides ll!herwisl.:". ~dl payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shaH he appllcd hy l.L:nder nrst In l'laymcnt pf amounts payable to Lemler by Borrower
<br />under paragraph .2 hereof. Ihen to interl'~t payahle (m the :'\tlte. then l\' the ~'ril1ciral l1f the Notc. and then to interest and
<br />pnncipal on any FUlUfC Advances.
<br />4. Cha~es; Liens, B(lrmv..er ..,hall pay .dl \,t\C"'_ .l','~s"ml'nh. .lllll dhcr >-'hargL's. fin..::,> and Impl1silions attributable to
<br />the Property which may :H1ain a prH)rity pver tht... \long~lgl'. .lnu lca::.dwld payments Ilf gflJund rcnl<;;, if any. in the manner
<br />provided under paragraph:! hereot' ,)r. if not p;lld In "lIch lllanlll:r. b~ B\)rrpw..:r mah.ing pavmcnL when due, directly to the
<br />payee thereof. Borrower ~hall promptly t lll"nhlI 1(' I.cndcf all nntlct's ul amOUll[S due under thIS paragraph, and in the event
<br />Horro\\'er )hall make payment <.hn:("ll~. fh'rn)\\n ~h~dl pn.'l1lpll> tllrrll~h hJ Lender recdpls cvidl:J1Clng such payments.
<br />Borrower shall promptly discharge any 11\':0 \.\111.:11 has llnt.'rlt~' ,'\cr Ihi:-. \lortgagc: prll\'llkd. lhal Bornnver shall not be
<br />required to disch.lrgc allY ~uch liC!1 "'0 IOllg ,I;' B\lrrp\\Cr ...Il'-!il ,lgrc..: ill \\l'lllllg to lhe p_lyrncnt uf the nbJlgation s,cl.;ured hy
<br />such lien ill a manner acccptabk r~; Ll.:"nder. ,JJ ...1i;!!1 ill gnod LIl!h L"nt~~"i .,ikh lien by. or ddend enfon.:cment of sllch lien in,
<br />legal proceedings which openl!(, Iu prc\'l.:lH tht: ,-'nl~'I'..:l..'nh.'nl oj [hc llel! ,lj" !Orll.:lturl.: of the ProperlY or <:illY part thereof.
<br />S. Hazard Insunuu.'t'. IklrrO\\er shall h.ccp d-'l' il1lpr"\Cmcn\'. !111" c\l...!lllg 1'1 hl'n:after ....reeled on [he Property lIlsured
<br />against Joss by fire. hazard... indwJcu \I,.![hlll the term "L'\t::nd.:.l L;1\"'LIgl..''' and ~tl..-h olher hazards a~ Lender ll1i.I)' require
<br />and 111 such amounts and fllr )ulh PC-fUllh ;:.... I cIlder !,l.t} r"q(JIf"l', f'I,'\Hkd. that I L'lHkr "llalll1(}1 require {hat the amount of
<br />such coverage cx.:ced that :U1ll1tHll \,t \."~)\Cr;:~L' r""4llir..:-d 1,' till' "lUll.. ~l:,:ilfL'd by lhl~ \1or!gagc
<br />The insurance .:arrier providing lht: ffbur;:n..:...' ...h,df hl" h~ Bt1rr~mt.'r ..lIblcct to :Ipprov;,d hy Lender; proVided.
<br />that such approval ~hHll not be unr~a:-.,)n,tbl~ \\Uhht.:ld \I! ii!";':Jlllllflb \'11 in<"uralh.:e r\.lli,:16 ..hall be pajJ In the manner
<br />provided under paragraph 2 hCft'p!, (.)f'. 'l fwt p'lld lJl "'ll1.':h filitBnL'l. h~ HOlTi"'\\e:1' l11aklllg paymt:Ili. when due. dlrect)y to the
<br />insurance carrier.
<br />All insuran\.'L' pollcles ;HlJ relh..'\\ah Ih..:!'I,.','1 ..b,di bL' H1 iUIl11 .lu.L'pLlbk !,I I cnd':l ..i\d ':>hallllldmk ,I ,,!andarJ mortgage
<br />clause in favor (,I and III form <\.~u;:p[;.jbh: 1.' Ll'IHkl lx,!dl'l "h.dl h;\\c ihe figh! hI hllhJ tilt' r~lli\.:ie!. .Hld re!lc\'I;ah thereof.
<br />and Borrower s.h.dl promptly lurBlsh tLl ll'ndl.:!' ail 1"('I\C"'-<1) 1l,1!J..'e" .>lld ;dJ r..:,.ciph \)1 p<lid pr<2millln.... In the event or los~.
<br />Borrower shall give prl,mpt nOli';\? hI 1111.' In~urdll":\.' \.-.Imt:r .tll.U I ,t.'nu..':, I end..:! lIl,t) !Hilke pnl,lt l,j !o~::. if not made rromptl~
<br />bv Borrower.
<br />. Unless Lender and BU[[l)\I,.Cl l}tht:n\l..e agn.'l' ;n \~J'ltll1g. lfhur,Hk~ rr,\~L'ed:'> shall be applied II.! rL'swr<itiol1 or repair of
<br />the Property damaged. pW\'lded ~u..:h n:sttlralll'fl ~lr n:p<llf 1:-. 1'''''\'ih1nil..:,dly l.:.t:-'lhk and Ih\.' ~l'Cllrj{y nf thl~ l\1ortgage is
<br />not Ihereby impam~d. If ~th.:h r\.'.~Wr.i!h)n or fepalr I~ nd l";,..1nl_'mh.:,lny le1.l;,!hle or It the ,,\;(Iml~ ()f IhlS ~vhlrtgagc WtHlid
<br />be impaired, the Insurance pro~eeJ~ :-hiAll he applicJ to the \um~ "l.:<":U1ed b) lllrs MortgdgC. \~ rth the C\(.;1.''1S, if any, paid
<br />to Borrower. Ii the Propen: IS abamh)I1l'J b~ B\)rr(l\Vl:L PI' 11 HO/T\,wcr I ill I,:> t" n.'~Ihmd to I ~:ndl'r within 30 days from the
<br />dale notice is mail~d by Lender It' BOffllwcr rhal thl: lnsuran..;;: l:drria llikrs t" "enl.: .1 .:lairn for In')uran.:c hendIts, Lemler
<br />is authorized to collect and 3pply the Jnsurdu...:e prl.h.:ceJs .It I t:nJC'(~ I.'pti~\ll L'ili:l\:r [0 re':.lUr~ltion (>I' repair 01 the Property
<br />or to the sums secured by Ihis Mortgage.
<br />Unless Lender and Borrower uthl:r\.\b.., :tgn:~ 1!1 ".\!lllflg. all) ~lH..h ilppil':iJlion .If pfL1L'~cds (0 pnn<'::lp.ll :-.hall !lot c\.tcnd
<br />or postpone the due datc ot the mOl)thly inslallmt:nh l'.;ferrt:d 1<.1 in p.tragraph:-. I .Il'ld ::: hereof l)l change the anwuO! oj
<br />such installments. If umler pamgraph 10. hereof lhc Pwp.:rty I:' iJCylHft.:lI h;,. l.ender. ,dl right, tille and interest 01 Borrower
<br />in and to any !nsuran<:e policies and in and to the proL:ccds rhtrCul rC'sulting from damagC" [0 lhl: Property prior tl) the ~alc
<br />or acquisition shall pass. to Lender tel the nt~l1t ul the "'Wll.'l SC~UfC-J b: thi::. \IOllgdgt: JlllJlICdialcly prior l~) :-.ueh ~ate or
<br />acquisition,
<br />6. Preservation aDd ~'laiDtenante of Propert}; Leasdwlds; Condominium!.j Planned l.!nit Denlopmt'nls. Borrowa
<br />shaH keep the Property in good repair and ::;hall nut l.:uOlmi! \\~stc l)f permit impairment Of detcriuration of the Property
<br />and shall comply with the provisions of an) leas-c If this Mortgage 1<; on a k,ISc!wld. If Ihl'., \hll'lgagc i.. on a unit jn a
<br />condominium Of .il planned unit de\'dopml.:ul. B~lrru\'lCr shall perform all of Borruwcr':; nbligi.Hil1n:, under the JcdaralilHl
<br />or covenanis creating or g(JVcnung the i.:lll1tlommium (1r pbnncd Unit devl.'lupmcnl. lh~ by^la.......... ~tnd n::guIJtion~ of the
<br />condominium or planned unit de\ctopmcl1t, ,wd con~tiwclH J~)...umcnb. h a (\Jlldnn1Jnium 01' planncJ unit dt::\-d,'pmcnt
<br />rider is c:<<:cutc::d by .Borrow.:r and rel.",orded !\)gcth\,"[ With thl~ Mortgage. the ,-',lWUd!ll:;, and agreements l_'{ :ouch nder
<br />shall be incorporatctJ mto and shall amend aud :iUppkl1lCUl .hc- ;,;mcnJnis JnJ agrc~mcnts of thl~ ?vh)rtgag.... ..\s If the rider
<br />were a part hereof,
<br />7~ Prot<<tion of l..encnr-'s Se("urit)'~ If B(}rr~~Wef h.ub to pl':! tonn the ;.:o\'enanb ,wd .lgrcCml'nts ,xlI1t.uwcd in Ihj~
<br />Mortgage, or if" any- action or proceedmg ,<; ..:ummcuteJ ,l;.hh.:h m~tcfiaJly af1~cl$ II..'ndet's f!1tcreQ in tht Propt:I'fY,
<br />including. but nN Hmlted 10. emmcnt domain. ins{)j",-'en{.'}-. ~.~Id-e ,,:nlPn.':t.'ment, (H .irrangcmcnh Of pro\.'ecdin~~ J1ivolV1l1g a
<br />baJlkrupt or de.;:e-de-nt, then 1.endel' at 1,C'nLlcr'~ l1P\I-l-'tl. Up"l~ I'll}l>!.C !!l Hurr~l\''-\.'r. in.J~ m.itc :,u..h jtpp":~ll;lIh.:t;':'<, <.bblH:,t: }'lh:h
<br />\Ufi15 aud HJ.Ke such ~~li,\..m <.1.5 Ii> n\tl,.;C':ls..U)- hi pf;JIC~l L(.'.ll~h;.(:, n\tai.:\l d.....iu..llng. hut n~H Im:lItcJ !n, Ji;,hurscm~1H (11
<br />fe~1()ti-~J,}\l at1otncy\ rce~ <.lmI Cf!\ry u~:m the Propcn> tv tnd.:c r....p,}t,... It Ll,'nder ,,,'-1 Jircd i,-~',):t.bJ.g.~ Hl"\H;UHX d...
<br />~rJ[ldj,u~)1l 01 m~}\klng th{;:" loan "'C>dHtJ by ihi"'1 \-1ongiJ;gt'. f..h,rrpVd' ~~l'iji ,'-.IJ \!-'I\: Pl':ml\llih !nj\.:ll~d l\' m;linl,Ji;; "'nl..~h
<br />Hlsuranc,e in t'tfe...t unt!i ~.:l,,:'h tun;;: :1'> l.bi.' n~q,IHtn-tt:~Jt for ~ui,_h ;;hu:;W'_C j;_'I!nlf;,,\c., 'I( .h.-'_~lfd~n',<2 ',(,(11 l'hHf\\\l,-Cf''. .\fld
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