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<br />83- 0(,5799
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<br />U.NIFORM COVENANTS. Borrower and Lender covenant and agree as fo-Bows:
<br />1. Payl1leDtoi PrlndpaJ 8IItI Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednessevidenccd by the Note. prepayment and late charges as provided in the Note. and the principal of and interest
<br />on any Futnre Advances secured by this Mortgage.
<br />2. F1mds for TuC$ and IllI1U1UIec. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to--Lerider on tbe 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....f.welfth of the yearly taxes and assessments. which may attain priority__over ,this
<br />Mortgage~ and ground rents On the Pr.operty, if any. plus one-twelfth of -yearly premiuIi'l- installments-Jor- haZard - insurance.
<br />piUS ooo-twe.lfth of yearly premium installments for mortgage insurance. if any, aU as reasonably estimated initially and ftont"
<br />time to time by- Lender on the -basis of assessments and bills and reasonable estimates thereof.
<br />The- Funds shalt be held in an institution the deposits or account", of which are insured or guaranteed by- a Federal 01'
<br />state agency (including Lender if Lender is such an institution). Lender shali apply the Funds to pay said taxes. assessments.
<br />insurance premiums and ground rents. Lender may not charge for St.:l holding and applying the Funds, analyzing said-account,
<br />or verifying and compiling said assessments and bills. unless Lender pay" Borrower interest on the Funds and- applicable law
<br />pennits 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 FUn(l~ shall be paid to Borrower. and unless s.uch agreement is made - or applicable law
<br />.reqUires such interest to be paid. Lender shall not he required to pay Borrower any interest or earninb"S-on the Funds. Lender
<br />sball give.to Borrower. without charge, an annual accounting of the Funds. showing credits and debits to the Funds and the
<br />purpose for wblch each debit to the Funds was made. The Fund~ are pledged a~ additional security for the sums secured
<br />by this Mongege.
<br />If the amount of the Funds held by Ltmder, together with the fUlure monthly installments of Funds payable prior to
<br />tbe due dates ot tolXes. aS$Css-me-nlS. insurance premIUms. and grO!md rents, shall exceed the amount required to pay said taxes.
<br />assessments. insuf'ance premiums and ground rents as (her fall due, such e~cess :-.hall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monrhiy li)'itallme-nrs of Funds. If the amount of the Funds
<br />held by lender shall not he sufficient to pay !axes, assessments. illSllrao\.'c premiums and ground rents as they fall due.
<br />Borrower shaH pay to Lender any amount ncccs:sary to make up the defKlt~n.-::y within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof
<br />Upon payment in full of aU sums secured by this Mortgage, l.ender shall promptly refund to Borrower any Funds
<br />held by Lender, If under paragraph 18 hereof the Prupeny i:. '.old IJf th~ Property is otherwl~ acqUIred by Lender. Lender
<br />shall -a.ppiy, no iOlter than Immediately prior w the ..a.k of lhe rropeny or ils acquisllion by Lender. any Funds held by
<br />Lender at the orne of application as i1 ...:-redit agaUlst the sums ...c..:med hy thi." ;\tortgag~.
<br />3_ Application of Payments. Unlus applicable Ja\\. pnwi(k~ l;ilherwi..c, all rayments rc..:eivcd by Lender under the
<br />Note and paragrap-h~ 1 and 2. hert:ot shall bt: lipphcd hy Lemkr ti~! lfl payment 01 amounts payable to Lender by Borrower
<br />under paragraph 2 hereot then to lntne'1t payable nn the 'ote, Ih~n tll thl~ principal of the Note. ~nd then to interest and
<br />principal on any Future Advances,
<br />4. Charaest LleDs. Borrower ,hall pal' all faxC's. .1','\.'~;..,mcnts and l\tha chargt's, fines anti impos.itlons attributable to
<br />the Property which may attain a priority ('o\-'er ~tu~ Mortg:agt', ~lIid leasehold payments or ground n'nts. if any, in the manner
<br />provided under paragraph 2 hereof or, If no-t paId III "!ouch !1l~mnt'f, by B\.lrrO\"'er making payment, \'.-'hen due. directly to the
<br />payee thereof. Borrower !!haH promptly furUl~h to Lender all now.:es of amounts tiue under tlWi paragraph, and in the event
<br />8orro'W'u shaJI mate (>a)-'ment directly, Burrower ,hall promptly lurnlsh w Lender n.~cdp!$ eVidencing such payment <i.
<br />Borrower shaH promptly discharge any lien which has prlOnlY \H.'cr lni\ Mortgage; pro\'H.Jed, thai B...xrower "hall not be
<br />required to discharge any ~uch lien :M,) ionil as. llonowcr shall iigr~-c 10 wntiOg 10 th~ p~yment (11 thl' obligiltion see-ured by
<br />such hen in a manner ac-eeptable to Lender. or ~hallll1 g~.l(ld f.lith ':Onlc-st such liell hy. or defend enlorccment of such lien in.
<br />legal proceedJu.gs which operate to prr:vent the t.'n(orcemcnt ;,)f the hen {lr lorfclturc \)f the Propcrtr (l[ any parr thereof.
<br />5. Hazard ISSUl'all<<4 Borrower shaH b.t:cp Ihl: Impwvemenb ml\\ C>.1,)(lI1g {If hereafter en:~tcd on (he Property Insllred
<br />il,amat loss by fire, hazatd~ induded \\CHOW the ferm -.cxtt:ndl."d i.:\lvcmgt" , and such nthcr haz.ards bS Lender may reqUIre
<br />and io 1;uch amounts and for ~ul;h perWtl5 .1';. I emiJ.:r indY n'~<1tllf\.'; ptpqdeJ, that l.cod~r ..hail n01 rC4uire that the amount of
<br />such coverage ex~-eed thar amount of coverage reqUired hl pay tht... "llflh sCl..'ured hy thiS !\.-tortgilge,
<br />The insurance carrier providlOg the msur-an,,-e shall he ,,:ho~~n h;.- Burrower subJect tl.1 approval hy Lender; provided,
<br />rhal such appro,,"al shall nut be tiOf~a..,,(Jnably withheld. AU prcmuun... on HlSUf,W\,;C policies shall be paid in the manner
<br />provided under par-aaraph 2 hereof or. It not p.ud in su..;h mannci. hy Borro\',.er makmg payment. when due, Jitt"ctly to the
<br />jnsurance carner.
<br />AU insu~e poliCies anti rcne"'u.b !hefc\;{ shall be lH tontl d':c~plabh.' (0 I.cnJer and shall mcll1dc d \tanJard mongagc
<br />clause m {a...or of and In form acce-ptahle co Lc-nder. Lt:nder ,haJi b:i\;.; rhe nghl lu hold the pulkies. ant.! renewal.\ thereof.
<br />and Borrower shaH promptiy furnish to Lender aU rt::fl-C:\.\al notl..:e~ and ,Ill fl'ceipls of paid premium.,. in the- event of Jo:......,
<br />8orrowCl" ~haU gIve prompt 00(11':,(- to lhc InSUfalk~ ~l.tffH~r and l cndcr. LcnJt,.'c mit}' m.ike pWltf of loss It not llHide prompfl)
<br />by Borrower.
<br />Unless Lender and Borrvwer olher\'ldsc agree io \\-f1t1l1g, in~lII<tTl;,.:e pro\.;ceJ.;. shill! be applied 10 rc~(Oration Of repair t.)f
<br />the Propcny uun-aged. pro\{lJeu ~u\,;h rCs.turallOl\ 01 n:pc.llr I~ (:"':~Hll)JIUCJ,ny leasible and th-c security of this. Mongagt: i'i,
<br />not 'hereb)' impam~l !t s.uch re!l.toration or repair is not l'~'lH'._'mi\:all)' fe-aslble or If Ihe sel:urity (If thiS Moug.\ge would
<br />be impaired. the msurlih:t proo.---eed1i shall ~ applied [(l the sums sCl.:ured by Ihb Mortgage, with the C\~CSS. if any, paid
<br />to ~rowt'r. It the ProperlY' i~ abandolloo h~ Horro\\'er. ..If d Borrower t~Hh. 11.1 re~pond to Lcnd~r Within 30 days from the
<br />dale notice is mailed b-\ Lender to Borr\}wer that the insur;-ln~c ..:arricr t)Her\ (0 settle iJ d(llm for m:iuram.::e beneths. Lender
<br />1.10 .autbori-Uld t-o- c:ollect~ and apply tbe in~u(an\:C proo:eds at L,,!\dcr-~ l)p-w.m e!ther to resloration or repair (If the Property
<br />". to the sum> lfCCur..o by tbis Mortgage.
<br />Unless Lender and Borrower OthCf\;to-.l5~ Jgre-c Hi wCiHng. an) s.u~h app-Ik:uion \If p-w~ced~ to prinl.:tpal 5.hail not ntcnd
<br />or puslpQne the due date of the nwmhly instalJm-cols n:ferred IV- in paragraph!. I ,mu 2. herc~)f or (:hangc the amount \.)1'
<br />!i.U(;h inM&Ume.uts. If uluier par.tgraph 18 hereof the Pro~rty is. acyuueJ hj' Lende-r, ;-dl Tlght, title and ifltere.'iol of Rorwwcr
<br />in and to any iOSUraDC( polic.ies and in and Iv (he pn.Kc(.,'Uli thereof rc~uHing tr~ml damage to the- Properl) prinr to ~hc sate
<br />Of ~ui$iUon shalt paiS to Lender to w~ extent of the ~ums ;,;Cr.;'jfOO l'1y tlw~ ~10Iigage immediatdy prior tn ~uch :sale or
<br />a<:quioiIion,
<br />6. ~.... aad M.mtcaanc-e of Property: l~olti:; Comlominiums; Planned Unit Del',etopmt'nl.'i-. n{1rrow~r
<br />shan ~ the Property in suod repair and shall no~ commit \I,-allte, L)( permit l1npuinncnt or dctedoratioti of the Prof~ny
<br />a04-'-ibaU t;OJ'DpJy with the pro"\'isiofli of an} le~ If thl~ Mongagt' i::.. ml 41 Ica:iChoid, if tni, ~'tortga,gl.' i'3 on ,1 unit .f\ ..l
<br />c-ondolnlnium or a planned unit tw",dopnwrH, Borro\lo'cr ...hall pc-rf,Jrrn all of Borrower's ohJigaltOns under the dec1.uah(lll
<br />Of ~I- -cre-atlo, .or go\;-ernmg the I.:-(mdommlum ~'r ptann..:ll \mjt de...dopment. the by-lawll- and r~guiation~ (\f Ihe
<br />~,-m- pJanmxl- unit de;,elopmenl. .md !;\.)nw.ittk":1H dOl:Um~lll:., II ij .:onoominium M pl:.anm,-J unit dcvcJ~iplllent
<br />~-,*,- -e,~_ by Borrower -and re~Qr-ded tog.::ther ....llh lhl~ Mongag.c, the CO\"CU;lnt$- anJ ngrecmcnh \\i :-'ouch rider
<br />*-It n., -h~~orpOfalcd, ,-nl-Q and ihaU ame.nd and suppleme-ht u~ ':OH;:na1HS and ~8r~<-mt'nb \\1 thiS Mun@"u@tO a~ d Ihe tide!
<br />_ '* pa1't 1lIIr<<lf.
<br />1. -~- of t.......~.. Sa.-uritJ~ If Uorf(iW-cr L,uIs to ~rt0fm the -covenantS; ami ;lgrct.';In('ulS ;,:~1HI,alfu;,-d ill thl"
<br />Mot1pJC.. IN' if_ ~y a.C"lion or P-t~--udJni IS ,"'oml_ncl~cd whitch fll",ucftaHy ait'ocb teuder's llltt:fest In the Pr<J~rlY,
<br />i~ but rnjt Um.iI,od to. ,.mUflen1'OOnuul\, H~wlv-Cfll'".Y, c~xie cnhm.~emcnt, t.'\; anang(,menls: l)t pr(X;ecding~ lO\'oh'lOg il
<br />~ Of ",*cdent.., thc.n Lender at I -entlef'!o; (iPh-Pfl, upon noh~e to llorww~r. m~y lnake ~u('h appcaf;.H1-1o~e!J, ,Jishursc -llliCh
<br />~ And lat.,,- tuCh, ilCtion .1;; ti' n<<~$Ul) w pn:Ht;X{ r..tfnd~>s sntnell. m-,,-Ju~lm~. hut f1~l( limIted 1\1. dl'\t'tlln..l~rt1("OI fli
<br />~ ~~'l f~ and,- e.m,ry \I--pot\ ;hf;, Vropt'tt)' to make- rcplHfS If l.(:n~f rt..~uir\.~d m\H'tgi.ge ifls.\~r...n;;;'" .~, ~l
<br />('~_UUQ of ~I_fbtlloan ~t;d by lhu. MQrlga#, :fu_nnJWl:f tfJ.itU pa} 1M f.~fI."n'Hun\-~ n.>qiflred h\ ma.mliui:i "th,:h
<br />~~ ia. ~ URtU ,\w;n Ume: ~~ the t~uU't..ftleut for ~t}Ch l-fiWt~.fWt; teHH\rH!ICi m ~.;,:u'\rd~m;l' \loJth Bornl\t.'I.:,r\ alto
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