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<br />83-005718
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<br />UNIPORM COVENANTS. Borrower and lender covenant' and agree as follows:
<br />I. Payment ofPriJiclp8l and IRteres!. 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. Ftmds for Tues and 1Dourance. 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 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, pIllS one-twelfth of yearly premium installments for hazard insurance,
<br />pl.... one-twelfth of y~ly premium installments for mortgage insurance, if any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable esrimates thereof.
<br />The Funds shall he held in an institlltion the deposits or accounts of which are insured or guaranteed 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 so holding and applying the Funds. analyzing said account,
<br />nr verifying and compiling said asse..ments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to rr.ake such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage tha' interest on the Funds shall he paid to Borrower. and unless such agreement is made or applicable law
<br />reqwres such interest to be paid. Lender shaH not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge. an annual accounting of the f;Jnds 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 beld by Lender, tDget.~er wltb the future monthly ,"staUments 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 ta.'<es,
<br />assessments. insurance premiums and ground rents .u they fall due. such excess shalt be, at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly ,"stallments "f Funds. If the amount of the Funds
<br />held by Lender shall not he sufficient to pay taxes, assessments. insurance premiums and ground rents as they faU due.
<br />Borrower shaU pay to lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereoL
<br />Upon payment m full of aU sums secured by this. Mortgage. Lender shall pfomptl~.- refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Propeny " ,old or the ProperlY" otherwise acqUired by Lender. Lender
<br />shan apply, no later than immediately pnor to the ~ale t\( the Property (If ils a.:qlllSltion by Lender. any Funds held by
<br />Lemkr at the ume of application as a credit agamst the s.um~ ..ecured by lhl'i ~tortgage.
<br />3. AppIkatioIt of '.yme.... Unless appHcable law pn.wides ('l1herv..i~. ail payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender fin.t m pa~ meat ot amounts. payable to Lender by Borrower
<br />under p.a.ragraph 2 hereof. then to int~n:st payable 'On the 'Ole, then tl,) the principal (It the NOlC. and then to interest and
<br />principal on any Future ....dvances.
<br />4. C1:aa.rges; L.IeaL BDITOwe-r <;hail ra~ ctH !;!\::~. ,~"'~"'''ITICHtS and Lnht'r \:n;:trgcs. fino "tno. ImpositIOns atlnbutable to
<br />the Propel1y which may att.aln a pnorll)' oyer lht~ Mt)flgilge. ,md lea.\Cot)IJ payments. ,'r grollnd rents. if any. in the manner
<br />provu1cd under paragraph 2. hereof (\r. if not p.uJ In ,>Ui.:h rll:.tnner. hy HlJrfO\1,'-Cf m.ij..ing payment. when due. Jirectly to the
<br />payee thereot. Borrower Jbail promptly furOlsh to l.ender ltH nollCC:- llt .I.mounb dtlf." lInd~r tht~ paragraph, and in the event
<br />Borrower ~haJI male payment dICC\.:t!Y, H{lrruwl~r ...hall pfl)mplly lurmsh 10 l~tH.Jcl H.'\.'(tp(\ t:\lden\."tng such payments.
<br />Borrower shall prompdy dtsc-harge any hen ""hKh h~ pflorny ,'Yt."f lnl<" ~h)ftg.lg.e; pfc..lVltkd, th.u 8()fwwer "hail 11\.){ be
<br />requ~red to dJ~arse any su\:h 1i(,1l '>0 long .-1). Uurro'l%cr ~h.-\ii iJgft:C in \\lttln~ h'" the p~)UlelH i.'t the 1.1bllgalilln \ccured by
<br />such hen in.ll manner acceptable to Lender. or ...hail ih g,x-..d t.mh (ontC...l :-Ilch itCH hv, ft! dden\j t:nh.-~rcl"mcnt ot Slh:h Hen in.
<br />leaal pnx:ecdtn3'S whtch operate h,) prcl,cnl lh~ cnton..'crn~l1t ..H !he hen ,-1t 1..~rteHllrc ..,t the Prl-'pcny nr ~ny pan thereof.
<br />S. HazanI tJIatI'aIIClt. Borrower ~haH kcc:p the; nnpr\.wcm;;:.nh fh\.... ,;Xi...llng ..'f her~;.lit~r Clt..~,,;tcJ on Ihe Prt.~t'lCny insured
<br />aga.uts[ loss by fire. hazard) !~luded wuhm the ferm .'.:\tcnJeJ "I-'''Cl.tg~' and '\U\.h .....th~r hazards. a'l Lcndl:f may req,U1re
<br />and JD such amounts anti for ~uch penod~..." Lt.'llder nl-<t} ;C4l,ltf\". PitH. Hied, (hat LcnJcl ~haH IWI. rl""lulre that lh(: anhJlltlt of
<br />such ClWCf'&ge e-){ceed that am()wH of cQ\'er<tgc r.o;:'-Iu:red tp p.",} tho: .,ul1t.-,. ~CdJ:rt'-J ~... !hi!\ Mongage
<br />The insuranL:e ~8;rrier fllovidmg l~ jnf\Uf;tn~e ..haB be ..hl.\..CH hy &lHll\>..l.';! "llbJt>I.'1 to dppro\'al ~y Lender: provuJed,
<br />that such appro\'al shall not be .tlt1fe~M}f\ably withheld AU pn.'BHullh 1-'11 Hl~ur.Hl';l: polii:les ..hall be paid III the manner
<br />provided under p~ra.graph :2. hereof l.Jf, if not p;;s.id m ~u~h m.c.fWCf. h} U..,rrU\A,Cf ffiMolng paymem, when due. I.hrectly 10 the
<br />tD$UraJlCC carner.
<br />All insuranc~ pohcle~ anu rt:nc\"ab then;l'l shall h<: ill hHHI _."..:q'l.1bk hI l ;;:nJ~l .wJ ~haU mdud... .1 ."wndMJ monga&~
<br />dau5C in iavor of {tnd 10 form a.~..:-eptahle ll,l Lender. l ('nJ~f ...iI.lli hJ'd.' lhc light t(, hlll.j th~ r"'lli~lt:S. ~wd 1\.'nl.':\\"<-I.[;; thert:'of.
<br />and Borrower Shllll promptly furnls.h w Lcn~r .,lH n;n<\lo..ll t1\)!H.-e" ,t!h! .iH fC..-Ciph. nl p.ud prclBHHlh, In the ("\'~nt ~,( lQ"_
<br />Borrow-er \hall gwe prompt, j1\.)w.::e h) the msur >lIke I,.",fm:r .mJ t ~I\\.i~l Il:lhkl ill";' lllal.c pn~it of lm.,~ 11 lhl{ made- pf\lmplb
<br />by BorroweL
<br />UnlCSft lender itOU Borco....'cr olMr\\I\c agr\"~ In .~ntll\g, 1!1~\lr~illi,.l." i':~...t:"',j... ..h<ill ~ applied 1,1 ft:'lohH.itiOII I.'f repair .."If
<br />the Pro.pen) ~tamaled. prO\'lded s.u~h rc')t0falH.."n ,l~ rCiJdli ," .:~..\;Hlmh,:,.llh h:~blbk .lnJ lh.:: ~C~lIrlty of thl'l< Mortgage I....
<br />not thereby imp<ed, It !ioU\,:h fe$lUratlon or repd.U l'l. 1\\.\1 (,":\lu,,'ll1h.-.tIl) tI..'.~:'>lblc ..'I" II th~ ')cl..unty (ll thl~ MOttg<.1g..:: ......,ulu
<br />be impaired. the: lOliouranct prO\:eeds ~h~U l:tc: ,tppheJ to. the _...um_~ ~":Ilfcd h~ lhi~ Mt.lrtgd&\:', ,\!Ih tht.~ c\~e':.., it an). paul
<br />to Borrower. If the Propctty IS .ibanOO(\CO h) Roffl.)\\Cf. ..'f ,; R(Ht\I\'\'~r 1.~1i" h~ H.'~pHnd hI I.l.'nJ.cr withHl 30 dayllo trOIll the
<br />dat.C notke: i~ mailed by lender to Borr()wer that the lfi3Uf'JU";:r ":'Mn~r dkp, 1.., \.cuk .~ ~Ialln for ~n:\uran..:~ benefIts, Lender
<br />is authorized to ,;,oUec:t and apply the U\~lJr-an.;e ph)cC);:J.~ .n l (,lh,kl.;<,. l.iplwn cHher to t~Wr.J.tiun t.~f f~pair of the Prr1pcny
<br />or to the .UfIt$ ,ecured by th~ Mortll'lie.
<br />Unlcis Lender and Born.}~er Othef\\-l~ agr~ ;n \A wing, d.n~ ~Il(:h ;jpph...:~uon ~~t pl'\:It,,:~cd~ tv pnm.-lpal ~hall [1\)( extend
<br />or postpone the due dale of the: moothl~ iO)1aUments rcfc:rreJ. If' Hi pJiiuguph.., and: hereof ~H .:hangc:: !he amount 01
<br />such ifti.tal1ments. It under paragraph 18 he:rwi the Propel!\ !:"!o ..tc4;ulreJ h} Lender, .Ill nght. t:tle and mterest \Jt BorwWcI
<br />in and to l<.!l} insura~e, policic. and in and HI the pri..~ds thcn:ot rc.);uiuog trom Jalli~gc t~) th~ Pruperty pnor to the ~i.lle
<br />or acquWtion ~hail paiS to Lender to the extent of 1f1e :,unh :'C~UfC.d by rhj') M(\n~itg.c immedIatt:iy pri..n I,l <-,lh.:h ~alc or
<br />acquisition.
<br />6. I'nscn-.u. aacl MaiDteaaat:e of Propel1)"; L-t-asebolds; (.oodomin.ium~ Plawaed Uilil IH"e-lop",en's~ Borrower
<br />sbalJ keep the ProperlY in good rcptlJ,r and 50hall 001. .:.::ommit waMe (1r permit i1npalrment or dctcrlorauon 01 the Property
<br />&ad shall comply witb the pro'VWoWl Qf any lease JI thb Mvflgage l~ on ~t k..sehoid. If thiS Mortgage 15 ,HI .t unit H\ ;j
<br />c.~ Of a planned unit devek.")pmcfl{, Borro\\cr shaH perfoun aU \)[ BOffl.1Wer's {)bhgalli..lnS und~r th~ dedaulwn
<br />or ~-.un1S ereauna or gover-mnl the ~.(lndOlTHniunl l'f planned umt ut"vclopmcnL the by~la\\<:1 and regulatiun.; ,Jf the
<br />~um ur planoed unit development. .md i:Ons.tltucnt dOCUIDe.llh. If a \.':ond.ominium o-r pi.lImed Iml! devdopm~nl
<br />ridlrr_-il ~<<I, by Bono.er and rc..:ordcd lOgethc-r \\-Hh thi~ !\.tQft,gag,e. the co\.cnanb aoo Jg.re-cmi:ut~ \\1 ~ui;h f1dt:r
<br />sbaIl"~alcd toto aud t\baU amen<! "I"! supplem.m the co'enanlS >nd agreements of thl> Mongage as If the udet
<br />..... a.pal1. ~f.
<br />7. ......... of ~ Seelll'lly, II Donower fails to perform the covenants ..nJ agreenlents ",,,,..ned m this
<br />"or~ or if allY a<:tiott or ~ " conunew.'<<! whIch materiall)' >ifec" tenJ.t', inter""t in the Property.
<br />lodu4io&, bUt not Umitod to. eminent ~. iMt."llvency, C("Ck: cntOtc_c01eUt. (\r atrangcnwnts or ~,w(:et.--dlnlls. Hwotvina. "
<br />~pt or d~.u, then lAn40t .t Lendet'1S Opti",.l. upon l'u.)ttee h~ Borrowef, may ntake 1l:u..:h .lppearani;c~. disbunc ~Ui;.':h
<br />....._0 __ ,.. wcll ~ U- ''-_ ~)' ~o ptotKI L~r'~ ;Atere-$t~ Hk:hB.h.nttr bu\ !:l\"lI huuted H"j, di-souuemenl ot
<br />~ .t~'. _ aud .etllt)'. UJl<ll> the ProperlY tQ make 'epal", 11 l.cn<kr tcqwred mongage i",urance as ..
<br />~ 01 ~ tile lll<lll ..,....ed by tit.. MortWe, Don""'.' .holl pal' [he premmm. ''''lUlled I" mll;nl.in SIKh
<br />~~, in, ~ until ~ time- .. ~he reqUi-remeUl for _rmch JnsUfanct: tennm.IC~ m ;,H:\:on:lano;;e With &")H\:~wer's and
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