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I r 83-u05268 UNIFORM COVENANTS, Borrower and Lender covenant and agree. ;~s follo'ws: 1. Payinent o.f Principal and Interest. B<)rrower shall promptly pay when due the principal of and interest on the . indebtedness evid~nc:ed:tw the Notet prepayment and l<lte charges a<; provided in the Note. and the principal of and interest on any Future Advances secured by this Mortgage. 2. Fmids for Taxes and.lnsurance. Subject to applicable- law or to a weiUen waiver by Lender, Borrower shall pay to tender on the day monthly inslalhncnts of.pHncipal and ioterest are payable under the Note. until the Note is paid in full, a- _~um-_ (~~rein -,"FundS~')- _cqua,1 to one~tw~lfth of the yearly taxes and assessments which may attain priority' over' this Mortgage. and ground rents on the.Property, if any. pins one~twelfth of yearly premium installments for hazard insurance, plus"o~~_tyfelfth.of yea.rly-preinium installments for mortgage insurance. if any. all as reasonably estimated initially and from timcno time ,by. Lender 01) thc basis of assessments and bills and reasonable estimates thereof. The(Funds shaH 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 i~ sllch an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for S,l holding and applying the Funds. analyzing said account. or verifyh)g-and compiling said assessments and bills. unle.'is Lender pays Borrower interest on the Funds and applicable law permits Lender to ,make-such-u charge, Borrower and l..ende,r -may agree in writing at the time of execution of this Mortgage that intcre.'i-t 011 the Funds shaH be paid to Borrower. and unless such agreement is made or applicable law require..~ such 'interest-to be paid, Lender shall not be required to pay Borrower any interest or earnings 0.11 the Funds. Lender :shall give to Borrower, without charge. an annual1.lccounting of the Funds.-"howing credits and debits to the Funds and the purpose for which each debit to the Funds was lnade. The Funds arc pledged as additional security for the sums secured by this Mortgage. If the amount.- of the Funds. held by Lender. together v.ith 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. stich cxcc.'\s shall be, at 80rro\I,'er's option, either promprly repaid -to Borrower or credited to Borrower on monthly inSlallments of Funds. If the amount of the Funds held"by Lender shaU not be sufficient to pay taxes. assessments. insurance premiums and- ground rents as- they fall due. Borrower-shaH pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting-_payment Iherene Upon payment in full of aU -sums secured by thi~ Mortgage. Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 hereoi the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately prior tt) the :-;alc of the Property or its acquisition by Lender. any Funds held by Lender at the lime of application as a (:rcdit -against the sums st:l:ured by this !\'toftgage. 3~ Application of -Payments., Unless appli<.able law provides otherwise. all payments received by Lender- under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof. then to interest payabje on the Note, Ihcn tl' the principal of the Note. and then to interest and principal on any Future Advances. 4. Charges; Liens. B(:trrower "hall p.iy .111 !;t.\c,>_ ;is~c:-ismL'nb ;tlld other charges. fines and impositions attributable to the Property which may attain a pnority OYer this Mortgage. and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or. if nLlt p~lld lfl such manner, by Borrower making payment. when due. directly to the payee thereof. Borrower shall promptly furnish to Lendcr all n~)tices of amounts duc under this paragraph, and in the event Borrower shaU make payment diredly. l3oHO\'-i1.T ..,hall promptl~ furnish to Lt:ndcr recdpts evidencing such payments. Borrower shall promptly discharg~ any lien whidl has prionly (\\i.'r this r-,'tongagc: provided. 1hat Borrower shall not be required to discharge any such Ijen so long i.lS Borrower :-.hall :tgre~ in writing h_1 the payment of the obligation secured by such hen in a manner acceptable to Lender, or :-h;.tll in gOt)d fuith l,.'\mlt:.., su.:h liell by. or de-fend enforcement of such lien in, legal proceedings which operale- to prevent the cnft)(L"cmcnt of the hen L\r forfeiture of the Property or any part thereof. 5. Hazard Insurance. B-t.1rrower shall keep (he H11pro\;cmenh nth\ c.\l:\ling l\r hereafter erected on the Property insured against loss by tire. hazards included within the term '-~_\.tcndt,;J t:d\'cragc". and sllch other hazards as Lender may require and in such amolluts and for su~h periods as Lender may rcquir~; pnwideJ, lhat Lender :!thall not require that the amount of such coverage exceed that ;.tJnOtlOl of coverage required w pay the Sllm"lo st:.;:ured by thJ5 t..'longage, The insurance carrier providing the insurance .shall be chosen by BorroVl ~r subject to approval by Lender; provided. that such approval shall not be lInr~a~onably withheld. All premiums on insunincc policies shall be paid in the manner provided under paragraph 2 hereof or, If not paid in sw..:-h manner, by B01'r<Jwer making payment, when due, directly to the insurance carrier. All insurance policies and renc,\-ub {hCfC(,>t ~ha!l be in form a<.:...;~ptabk to Lender ,lOd shall include a ~tanJard morlgage clause in favor of and in form acceptable tI..l l.cndc.r. LcnJ~f "hall have the right 10 hold the policies. and renewals thereof. and Borrower s.hall promptly furnish to lender all rcnc\\'al nOIJ!:es and all receiptS of pnid premium.., In the event of loss, Borrower shllllgive prom.pt notice to Ihe ins-urdIK~ carner and Lelll:,k,r. Lender may make proof of loss jf not made promptly by Borrower, Unless Lender and BornH.\.cr otherv."i:.e ag.ree in writing. jnsuran~~ proceeds shall be applied to restoration or repair of the Property damaged, provided :.ul.':h restorati('>!l or repair I~ cL:onomically f~asiblc and the security of this Mortgage is not. th_creby impaired. If such reslOration or rep<LIlr is not CCt1uomi;::<tlly feasible or if the security of this Mortgage would be impaired~ the insurance proceeds :ihaU be applied to the sums secured by this Mortgage, with the excess, if any, paid to Borrower. if the Property is. abandoned by Borrower, or if Borwwer fails 10 respond to Lender within 30 days from the dat~notice is mailed by Lender to Borrower that [he insurance carrier offers [0 settle a claim for insurance benefits, Lender is authorized to collect and apply t.he insurance proceeds at Lendcr"s option either to restOration Of repair of the Property or IQ .th<l sums secured by tbis Mortgage, Unless. Lender and Borrower otherwise agree i!1 writing, any such application of proceeds to principal shall not extend or postpone the due dale of the monthiy installments referred to in paragraphs I anti 2 hereof or change the amount of such installments, If under paragraph 18 hereof tbe Property is aC4tured by lender. all right, title and interest of Borrower ~n and to any.insurance -policies and in and to- the proceeds thereof resulting from damage to the Property prior to the s-ale or acquisition shall pass to Lender to 1ft; extent of the sums- secured by this Mortgage immediately prior to such sale or acqwsition. 6. ~~tiou,- ~_ -,~laiJllen..nce of Property; I~ascholds; Conda-minbJIDS; Planned Unit l>evelopments. Borrower .baUUep. tile Property in good repair and .ball. not cOOluUt was'e or permit impairment or deterioration of the Property and_,shall cop;lply with - the provisions of any lease if this- Mortgage is on a leasehold, If this Mortgage is 011 a lInit in a ~p.ium .or_ a planned unit development" Borrower shall perloflll_ all of Borrower's pbligations under the declaration or -cove~U: Cf_catin8 or ,governing the condominium or planned unit development, the by.laws and regulations of the ~~ium__or pi.anu-cd, unit., dc.wtloproent, and (,'Qnstilucnt documents. if a condominium or planned unit developmenl ridor"~,~!ltlf!di>}<,.Il9m1~.al1<l,,,,,"rdedtogether witb this Mortgage,lbe covenants and agreements of. .ucbrider ~i.ll't,i~.i'ttl) ~l1<l'Iu\IL"",l'Bd and supplement the covena,nts and ngreements of tbis MOrtgalleas if the rider -- 1", i,I~.~~ty.IfBorrower fn\ls to perform the covenants and agreements contained in thi, Wo\'I,pJ", . ........ ... aet:ionor ~.. is comCCtenced whicb materially affects lender', interest in the Property. ~ but <I<llliltlil<<ltQ.'eminem:dQaiain, illSOlvency, code enforcement. 0( arrangements or proceeding.. involving a ba'IIkt,Upt(it d~ttfhcn.Lcooe.r at Len_del's option, upon rWlic~_ to Borrower, may make such_ a~pearances. disburse such ~ _.---J.,' ~:'_,~-,-., U-__~i~)'. ,\(~_- prrOlleo.;::t l..ende(-'~ -mlC-(e!~l> fr"",luUin3~ hut tlii{ IU'Oitctl h)~ di:o.burscmem of r _ f~- ~ Cjl_~__ _u~Jl___(he- r~"pet~Y- ,.tu,JnUt; repaiH~ If Lender required, !H\,rtga.ge_ insuran~e a~ .J , .;_Jbe_ ,~n _~~"ttd.".--b)r thh,:, Mortlaje.- Borrow.;;~', ;iihilU pay the pr~mHm1:" re-qulred to m;ttnt,:ul1 :>u~h ~t uttfR -ltucb d~ 3!!1 ~ reqvireme;lt ror such m~a.u--af\l,:c terffil1'ulLc-:l 1-11 .;v;;\":ordan~:c 1;\.Hh BUffower\ and.