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<br />83- O(i6Scr2-
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<br />UNIFORM CoVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. p.,....,.,t of PriDdpalamI Interest. 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 NOle. and the principal of and interest
<br />on any Furure Advances secured by this Mortgage.
<br />%. Flmds for T_IlJltlIDoara""". 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 surtt (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,' jf any, plus one~twelfth of yearly premium installments for-hazard insurance.
<br />pJus _ODe-twelfth -of yearly premium installmen1s tor mortgage insurance. jf any. all as reasonably estimated initially and from
<br />time to-time by Lender on the basis. of assessments and biIJs and re-3sonable estimates thereof.
<br />The Funds sbaH be held in an institution the deposits or accounts of which cue insured or guaranteed by a Federal or
<br />state agency (including Lender if lender is such an institution). l.ender shall ap~y 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 />or verifying and compiling :said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to mak.e such a charge. Borrower and Lender may agree in writing at the' time of execution of this
<br />Mortgage that interest on the Funds shaH he paid to Borrower. and unless such agreement is' 'made or applicable law
<br />requires such interest to be paid, Lender shall not be required to puy Borrower any interest or earnings on the Funds. Lender
<br />shaU give to 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 the Funds wa-; made. The Funds are pledged as additional security for the sums sec.ured
<br />by this Mongage.
<br />If the' amount of the Funds held by Lender, together with the future monthly installments 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 taxes.
<br />assessments. insurance premiums and ground rents as they fait due. sllch excess ~hall be. at Borrower's optivll. either
<br />promptly repaid to Borrow-er or credited to Borrower on monthly installments of Fund", If the amount of the Funds
<br />hdd by Lender s.hall not be sufficient to pay taxes, asseSSnlems. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amoum necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereot.
<br />Upon payment in full of aU sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof tf .. Property 1_'; sold or the Property IS otherwise acquired by Lender. Lender
<br />shall apply. no later than immediately prior w the ~ale or the Property or its acquisition by Lender, any Fund'i held by
<br />Lender at the time of application as a credit agaInst Ihe sums secured by thiS Mortgage.
<br />3. AppIicaIion of PayDleels. Unless applicable law pro\-'i\.les otherwise. aU payments received by I.ender under the
<br />Note and paragraphs 1 and 2 hereof shail be apphed by Lender first In payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interes.t payable on the Note. then 10 the principal of the NOlC. and then to interest and
<br />principal on any Future Advances,
<br />4. ~ lJeas. Borrower shaH pay aU taxes. a,,-<;cssments and other (harges. fines .llld impositIOns a1tributabte to
<br />the: Property which may attain a priorit)' over this Mortgage. Jud leasehold payments l)f ground rents. if any. in the manner
<br />provided under paragraph 2 hereof Of. If not paid In such manner. by Borrc.1wcr making payment. ,...hc_n due. directly to the
<br />payee thereof. _ Borrower shall promptly furmsh to Lende-r all nouces 01 :tmounts due under this paragraph, and in the event
<br />Borrower sball mue_ payment directly, Horrower ~hall pf1.nnptly tUfllI:'l.h {Q Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any hen whIch has priority over this Mortgage; provuJed. that Borrower "hall not be
<br />required 10 discharge any such hen !\Q long .as- Uarrower shall agree in wntll1g to the payment of the obligation;. ,..red by
<br />such lien in if; mannu acceptable to Lender. l'r shaH in good taith conte'll such lien by, or defend enforcement of SlIl.:h Hen in.
<br />legal proceedings whi(:h operate to prevent the enforcement 01 Ihe hen or forfeilurc of [he Property or any part thereof.
<br />5~ Hazard 11UiUIaIICC'. Borrower ~haH keep the fmpro\'cmenl'S lHlW t;'xisting or hereafter erected on the Propt:rty insllr~d
<br />against loss by fire, hazards included wlthtn the term d~\.tenJeJ (overage", and sHch other hazards as Lender may reLjuire
<br />and in such aJl'KlUnts: and for such periods ~b Lender may n:\!Uire; pnwldetl. that Lender ~hall not require that the ~moUnl of
<br />such ,overage exceed than amount of coverage fLo-qUlfCd [0 pay Ihe ",Hm~ ..ecured hy lhls Mortgage.
<br />1be insurance l':arner providing the insurance shall be chosen by Borrower subject 10 approval by Lender: provided,
<br />tbat such approval shall not be unreasonably Withheld. All premIUms on insurance policies shall he paid in the manner
<br />provided under paragraph 2 hereof or. d not paid in 1Juch manner. hy Borrower makmg payment, when due. directly to the
<br />insurance carrier.
<br />AU insurance policieS and renewals thereot shall be in torm acceptable to Lender and shall include il ~Iantlard mortgage
<br />clause in fuv-or -of and in form acceptable- to L~ud~f. Lender 'l-h;tlt have the nght h) hold the policies ..mJ renewals thereof.
<br />and Borrower shaH promptly furnillh to Lender ail renewal notices and all receipts of paid premium;;;_ In the event of loss.
<br />Borrower shaH give pT1Jmpt notice to the iOiiurUIKe ~arnCf aad Lender. Lenucr may make pmuf of loss if not made promptly
<br />by Borrow...-.
<br />Unle;ss Lender and Borr-:rwer otherwlSC agree in v.- ntl1lg, lnsurant:e proceeds shall be applied to resloralion or repair 01
<br />the Property damaged. pnwided ~Ut.:h resh.lrallOn l.)f repair l~ econi)mk~lly feasible .Hld the :,ccurit}' of this Mortgage is
<br />not thereby tmpatred. H &~h restora.tion or rep.ur IS lIot ct;oli(Hnically f..:-asible or jf the security of this Mortgage would
<br />be impaucd. the insurance pro.;:eeds shall be ~pplied to the ~wns secured by this Mongage. wirh the excess, if tiny, paid
<br />to Borrower. If the Property is d.band..}ned ny Borrower. l~r Jf Bt.1rrower falls to respond to Lender within 30 days tram the
<br />dale notice is mailed by Lender to Borrower that th.e m~u(ance carrier offers to !:l.eltle a claim for insurance benefits, Lender
<br />is authorized to rotlcc.t aod apply the lIlsurancc pr~ at Lender-3 optiOn ellber 10 restoration l)r repair of the Property
<br />or to the SIU1lll $Ccwed by this Mortpsc.
<br />Unless. under and Borrower olherwi~ agree in ",'ffting. any s.udt appli\:alion 01 prm::ceds to prmclpal ~hall not extend
<br />or postpone the due date of Ihe monthly in$l.aUmems referred to in paragraphs I and 2 hereof or change the amount ot'
<br />such lO$taUmcnts. It under paragraph 18 hereof Ihe Prope.ny i:,. acquued by Lender.. all right. title and interest of Borrower
<br />in and to- an)' iMUlliDCC policiea and in and to the, pn>Cl-'eds thereot resulting fn)fll damage 10 lhe Property prior to the sale
<br />OT acquisition UlaU pass to Lender to the e.\.lenl of tbe :5UIllS s-ecun.~ hy thi:) MOffgagc unrnedialely poor tu such sale or
<br />acquisition.
<br />6. ............. aad M~ 01 Properly; Le_ds; CondommioOlS; Planned Unit OnelopOlents. Borrower
<br />sbaU keep the Propcny in good repuir and- shall not commh waste or permit impairment or deterioration of the Property
<br />and shall comply with the pr~wisiQDS of any lease tf th1s M()rtgag~ I::' \.In <, Je~chtJld, If this, Mortgctg~ is on ~ unit in it
<br />cOlldooliltium Of a planned unit de'Jelopment. Borrower :!>haU perform all of Borro,^~r's: obhgattons under the declaration
<br />or -c;:ow.manll creaUQI or govern.i-na the condolllinium or planned unit devcklpment. the by~laws and regulations of the
<br />coodominiuo;l or planned unit development. and cOMtituem documenLS. if a condominium or planned UOIt devdopmcnt
<br />rider i$. o&.~ted by Borrower and feL"'On:kQ totether wtth thi.s MQrlga.ge, the ~oveUanls and agreements l)f such rider
<br />lha1J bc,~ rnto and -ltall amend and suppk:menl the -;.:o~enanb ,HlO agreements ot thn. Mortgage as if the doer
<br />wen: a pat\. bmIOf.
<br />1. ......... of Loder. Secllliq," If Borro'4'.er fails. to perform the l..':QvcnanlS antJ agreenlC'nts l:lHualned in this
<br />~ Of if' any actioo or ptoccedin& lS -I,;llmmenced whjt.:h mal,cfu"Hy atfcxI$ Lender'>> interest in lhe Property.
<br />~ but not 1tmi~ to. CtniA\tnt domiUn. insoJvcft4:)'. code cnforc(ment~ Of arnmgemcnb l,)[ procc:roi08/i. invol\t1og a
<br />~pt-<>> docedeat. lbeG Londe._f at l.,.e~~!i dpbon~ upon n\Jlk.e- 1-0 BO{Tol.lo'cc. ma.~ make su~h appearanc~. lhsbur::re such
<br />5.UIQI aad tat. tuch ad.wo .JU, i-l ~ry h.l prQtoc-t l.ender'~ lnlert.~. m~.:judmg~ bm m>l Hmft-=d ({). Jlsbun~mef\l (If
<br />~ attomfy". fee. and entry -upon the- Propeny to rtlitke rcpalf~. It Lender rt"luired mvttgllge Jnsut-aOl:C .as .l
<br />~ of ~ 1M loan ~ed be)' thu Mon,.,.e. Rorro~(:f _dull I pay the pr\':{nlum~ re-qlHre-d to maintam 'ltu~h
<br />~&QtC in ~, wlil ft.uch tUne ii file. tt'-quitemc.ru fOf ~~h lflsutanee ItrmiuitleS It\ ~t."C-ordanvc With Bvtl\)wcr's iH1d
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