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<br />83- 006145
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1~ Paym.... of Principal and Inleresl. 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. Funds for TlIJ:es and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to I:znder on-the day month!y installments of pnnc;ip.ai and interest are payable nnder the Note, until the Note is paid in full,.
<br />ac swif--(herein hFunds") equal to o'ne-twelft.h of the yearly taxes- and assessments which may attain - priority - over-:this
<br />Mortgage~ and ground rents-on the Property, if 'any. plns (me-twelfth of yearly premium installments- for hazard -insura-nc~_
<br />plus-oue-twelfth of yearly'premium installments for mortgage insurance. if any. aU as reasonably e...timated initially and frorrt~
<br />tUrie to thne by Lender on the basis of assessments and biBs and reasonable estimates thereof.
<br />The Funds shaH be held in an institution the depvsits or accounts of which are insured or guaranteed by a 'Fedet)it or
<br />state agency (including Lender if Lender is such an institution}. Lender shalt .apply the Funds to pay said taxes, assessments-;
<br />insurance premiums ami ground rents. Lender may not charge for so holding and applyi!1g the Funds; artalyzing-said,_account.
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the..Funds' an_do-applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the, time -of execution-_of .-th~s
<br />Mortgage that interest on the Funds shall be paid to Borrower. and unless such agreement is made or--:appticable law
<br />requires such interest to be paid~ Lender shall not be required to pay Borrower any interest or earnings. on the Funds. Lender
<br />shall giveJo Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to [he Funds was made. The Funds are pledged as additional security, for the sums -secured
<br />by this Morlgage.
<br />If the amount of the Funds ~td by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments. insurance premiums and grollnd rents, shall exceed the amount required to pay said taxes-,
<br />assessments, insurance premiums and ground rents as they fall due, sllch cxccs..o:; shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, as..ltessments. insurance premiums and ground rents as they faU due,
<br />Borrower shall pay to lender any amount necessary tt) make up the deficiency within 30 days from the date notice is mailed
<br />hy Lender to Borrower requesting paymem thereof.
<br />Upon payment in full of aU sums secured by this Mortgage. Lender shalt promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is mherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the ~ale of the Propeny or its acquisition by Lender. any Funds held by
<br />Lender at the time 'of application as a credit against the sums secured by this Mortgage.
<br />3.. Application oi Payments. Unics:'i iipplicable law p.\.1.vides ~1therwise. aU payments.: received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied hy I.ender ti~l lO paymellt of amOU!Hs payable [0 Lender by Borrower
<br />under paragraph 2: hereof. then to mterest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances,
<br />4. Claarges; Liens. Borrower shall pay all taxes. as:'\cssments <.lnd other charges. fines and impositions attributable to
<br />the Property which may attain a prioritY over thIS Mortgage. ~lOd leasehold payments or ground rents. if any~ in the manner
<br />provided WIder paragraph 2 hereof or. if not paid in such manner, by Borrower mak.ing payment, when due. directly to the
<br />payee thereof. Borrower shall promptly furnish to Lemler aU notices of ,lmounts due under this paragraph, aDd in the event
<br />Borrower shall make payment directiy, Borrower shall pn.lmptJy lurnish to L~nder fl:ceipls evidencing such payments.
<br />Borrower shall promptly discharge any lien whi~h has priority over this ivlortgage; provided, that Borrower shall not be
<br />required to discharge any such lien so long ;\s Borrower shull ~\gr~e in \Hilillg to the payment of the obligation secured by
<br />such lien in a manaer acceptable m Lender. or s.hal1 in good faith conh:st sUl.;h lien by. or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enfurcemC:nl of the !l~ll or forf~llurc of the Property or any part thereof.
<br />S. HazanlII'ISUI1lDCf:. Borrower shall keep the Improvements IHl\." existing or her~after erected on the Property insured
<br />against loss by fire, haza....ds included within the term "cxtcnJ~J Ll'v~rage", and sll~h other hazards as Lender may require
<br />and in such amounts and ft.)r such periods as Lender may require; prLlVided. that lender shall not require that the amount of
<br />such coverage exceed that amount of cm-'crage required 10 pay the "'llm~ secured by this !\-'1ortgage.
<br />The insurance carrier providing the insurance shall be ~hosen by Borrower subject (0 approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld, All prcmlllms on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or. if not paid in sw:h manner, by Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />AU insurance policies and renewals thereot ~hall be In form .h:ccptablc to LenJt:r and shall indudc a standard mortgage
<br />clause in favor of and in form accltplable to Lender. Lemler ...hall have the righl h~ hold the pohcics and renewals thereof.
<br />and Borrower shall promptly furnish to Lend~r all renewal notices and all receipts of paid premiums. In the event l)f loss,
<br />Borrower shall gi\'e prompt nOlice to the Insurance (,:arnt:r ,IUd l.ender. Lender may make prout of loss if not made promptly
<br />by Borrower.
<br />Unless Lender ami Borrower othCN ISC agree in \-\- f![ing. in~uranl.:e pn.Jl.:cci.!s shall bt:: applied to rc-storation or repair of
<br />the Property damaged. provided SUl:h restoraUon or r~palr is cC(lllomically ft:asib1c and the security of this Mortgage is
<br />not thereby impaired. if such restoration or fepair is not t(':l'Jh)mkally fc.iSihle or If the security of this. Mortgage would
<br />be impaired~ the insurant'e proceeds shaH be applied to the 5wns se,,;urcd by this Mortgage, wilh the exces.s, if any, paid
<br />to Borrower. if the Property is abandon~d by Borrower. or If Borrow~r tails 10 respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borro-wer that [he insurance carrier otTers to seale a c1a.im for insurance benefits, Lender
<br />is. authorized to collect and apply the in:)urance proceeds at Lender's option either to restoration or repair of the Property
<br />or 10 the su"", secured by this Mortgage,
<br />Unless Lender and Borrower orncf"\\isc agree in wflting. an) such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments rderred It} in paragraph:.. J and 2: hcr~of or change the amollnt of
<br />such installments. If under paragraph 18 hereof the- Property i~ acqwrcd hy Lender, .ill right. title and interest of 8orrowt,':r
<br />in and to any insuran..'e poUcie.s aod in and to the pro.;ceds thereof rC5ulting in.1lll damage to the ProperlY prior to the sale
<br />or_acquisition shan pus to Lender to the extent of {he ::;U!fu secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />&. Pruervation aad Maillte-nam-e of Propert.)'; Leaseholds; Condominiums; Planned llnit J)(,weloplllents.. Horrower
<br />shall keep the Property in good .repair and shaH not commit waste or permit impairment or deterioration of the Property
<br />and shall c-ol'D:ply with the provisions of any lease if thl~ Mortgage is on a leasehold. If Ihis ~'lortgagc is on a unit in a
<br />condominium or a planned unit devcJopment. Borrower s.hall pcrfl1fm all of Bormwer'\ obItgallons undt.~r the JI.'darati~Hl
<br />or c~vcnan1$ _ creating or g,-werning, the conuotnUlium or planned lmit ...levdopmcnt, the by~Jaw\ and rcglihltion~ of !he
<br />condom~~.-or ~_ unit_ dev-elopmcnt. and constituent J~?CUmCnb, U <-i (:ondomjnium or planned unit development
<br />ri~ is CU-'Cuted hy Borrower and recQrded. together with thi:> Mortgage, the I,,;o\'cnants and agreements ~lj :-uch rider
<br />.shall be, i~ated into and sbaH amend ami supplemclll the COvt:mlots ~H1d jtgn:clllcnls- of ,hi:> Mongag-c as if the rider
<br />'"'Ire a part hcNOt.
<br />"I.. ~_-of Le~r~s ~curity. If Borrower fails to pcrform the covc-nant\ ;lOJ agree-men's I..'llntaincu in thi:\.
<br />Mott.... or -if any action or p[tx.-eeding IS -'i:ommcnccJ whIch materially atTl;'_cts l.euJcr':, mtcrc:st in the Properly,
<br />incluclina.' but not limucd to. crnineQ.t domain, inwlveu\;y. i.:(.l(Je er]forc~rncIlt. or arrangements or pn.lCccdings invulving a
<br />~k.rUp(ot det't:dcn~1 then Lender at Lender's option, i!pon nutice \l) BO(fowcx. 1'llUY make such appcan!tlcC's. disburse ~llch
<br />wms a.nd take- aw;h 4,don M it neces,oiary to protect Ler:uJcr's jnte-res.!, :neludillg. bUl npt limited to, i.E')bu~mcnt t1r
<br />~UiQ1I~ atto~~1 fMS and entry Up'''U the Pm~rty to make repa1f'\. H Lcnde-r rC4uitc'\.i nH.Hi~agc illsunmcc a.., '-!
<br />'<<'fttdftkia Qf m-.kina tho loan :se~tiled 0)' thj~ Mot1i)1g-c. Born)wCf ~ha-U .~..}' the premlUm~ requirC'd I~) Oli.\lnt,HH :->Udl
<br />imuranee m dfe~t untlt ,'uch tlttw ~t., {he requirement fQr ~lll,:h m!itlrahce l('rrnm"d(,",S II; il(:c()rdau<c~; With fh.HTowe(~ .Hld
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