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<br />t)4 ~ 002467
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />I. Payment of Princtp.1 and Inleft'sf. Borrower shall pjomptly pay when due the principal and interest
<br />indebtedness evidenced by the NOle, including any variations resulting from changes in the Contract Rate, and other
<br />charges as provided in lhe Note,
<br />2. Funds for Taxes and Insurance, Subject to applicable law or waiver by Lender. Borrower shall pay to Lender on
<br />lhe day monthly payments of principal and inrerest are payable under the Note, until the Note is paid in full, a sum
<br />(herein "Funds") equal 10 one-twelfth of the yearly taxes and assessments (including condominium and planned unil
<br />development assessments, if any) which may attain priorily over this Mortgage and ground renls on the Property, if any,
<br />plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments
<br />for mortgage insurance, if any. all as reasonably estimated initially and from lime to lime by Lender on the basis of
<br />assessments and bills and reasonable estimales thereof. Borrower shaU not be obligated to make such payments of Funds
<br />to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such
<br />holder is an institutional lender.
<br />If Borrower pays Funds to Lender. [he Funds s.hall be held in an institution the-deposits or accounts of which are
<br />insured or guaranteed by a Federal or ...tale agency (including Lender if Lender is s-uch an institWion), Lender shall apply
<br />the Fund,1;; 10 pay ..aid taxes, asscssment5, insurance pfemjum~ and ground rents. Lender may not charge for so holding
<br />and applying Ihe Fund". analyzing said account or verIfying and compl11ng said assess.mell1s and biBs, unless- Lender pays
<br />Borrower interest (~n Ihe Funds and applkable law permils Lender to make such a charge. Borrower and Lender may
<br />agree in writing at 1l1e lime of ex.ecution of thiS Mortgage that interest on rhe Funds shall be paid to Borrower, and unless
<br />such agreemell1 i.. made or applie-able law reqUires such intere..,l In be paid. Lender shall not be required- (O pay Borrower
<br />any interes.t or earnings tin the Funds. Lender shaH give to Borrower. wirhour charge, an annual accounting of the'Fonds
<br />~howing 1.:redits and debits 10 fhe Funds and the purpose for which each debit to Ihe Funds was made. The Funds-are
<br />pledged as additional secufHY for t he sums secured by this Mortgage.
<br />If the amount of !he Funds held by Lender. together \liHh the future monthly lnstaUmems of Funds paya-ble-p-rior"lo
<br />Ihe due dates of taxes, as,5e'i-:sments. insurance premiums and ground rems, shall exceed the amount required -to -pay said
<br />taxes, assessmcms, insurance premIUms and ground rents ftS the)' fail due. such excess shall be., at Borrower's option:,--
<br />either promptly repaid to Borrower Dr credHe-d 10 Borrowe-r on monthly installments of Funds. If the amounl-of'-th:e
<br />Funds hdJ by Lender "half nor he suffk-ic-m to rav l;lxes. .:.1sseSsmenls, Insurance premiums and ground renls as--they fall
<br />uue. Borrower shall pay It) lender anv amOUllf IH."ce~sary to make up [he deficien\:y in lH1C or more payments'3s-,Lender'
<br />ma)' reqUire_
<br />Upon pa~nncnl In fuli nf all "um~ ~e.:ure-d hy Ihi~ Mortg.age. Lender shali promptly refund to Borrower any Funds.
<br />held by Lender_ If under paragraph 17 ht.'rcof the Property l'i ~\'ld l'r the Property i~ otherwise acquired by Lender,
<br />Lt'nder shall .:lppl:v, no ialcr lhan Immediately pnor It} tht:' -;.ale 01 rhe PTop-crly or lr\ Ul.:f..Iuisilion by Lender~ an-y Fonds
<br />held oy Lender at the tlfl1t' \)~ applH.:anon d.S .1 (redil .--1gaim~_1 the sum\ 'lot'cured by this Mortgage,
<br />3, AppucalJon of ""ayment,,_ Unlc:)~ appla..:..tble la\\- P(OVHJc~ olherwHic, ail paymeJ1lS received by-Lender u-ndt:I:c-t:h-e:--
<br />Note .,Hld paragraphs 1 Mn.l .2 ht'rel.-lf ~hall be apphed by Lender first in payment of amllunt$ payable, to _Lehde:r:'bY~_
<br />Borrower under paragraph 1 hCft:ot, rhen \0 iIlICIC'\1 payable at the apphcable Contract Rate, and theillo ihe,prin:c-.ipaJ:t}f
<br />Ihe Note.
<br />4. Prior ~IO-rt~al~!} and J}ffds. of Trus;1.; (:harg~"': Lit"ns. Borrower shall pet-form all of Bor:rower's obligatlQftS
<br />under an~ mortg.age, dc-t'd of ifUS-{ pr ,Hiler "c..'uri!y itg.recmenl v.-Jth a lien which has prloriry over thiS' M-orlga-ge~
<br />mcluding BOff"lIWer'''1 ,',)Venalll.., hi nh\kc payment~ \\ hen duc+ Borrower shaH pay or ~ausc 10 be paid un- laKes"
<br />il~s-e~~mellis and t_llht."'i dW_lgf.7:'. fines ~wd ImlHlsltHHl~ attributable to the Propeny w)ut:h may attain a priorify over_,rh.is,_
<br />Mortgag.e, and ka~ehoid pa}'lncn!.", ~H g..roun!J renb, if any
<br />5. Hazard jn~llr.:tRce. BOn~}v.~T ...hail keep {he Hnprovemem~ now e-xi.sttng t)[ he-reafter ere~led on t-he_ Property
<br />ithUred agamsl !o:\~ Oy fHe, hanHo'" lndtJ\..h.-o withtn the tt:ffll "extended coverage", and such other hazards as Lender
<br />may require: and HI ,,-ut.:h .Wh)unb and hH ..,uch pelh)d~ a') Len~er may lequire.
<br />rh~ Insurance l.~arrier prl,)\'lt1Hlg rhe lH~urance shaH be choi-,en by Bor rowel s,ubjec{ to approval by LCI)4en prOvideQ..
<br />that such apPhwal shall nut be ollre.,nn.bly wirhheld, All tnsurance polities and renewals thereof sIllillbe in a fOfO"
<br />acceptable t1.l Lender and ...hitH mduue a ,!.tandard tnQrlga.ge dause in favor of and in a form accept-able 10 Lend,er.
<br />Lender shalt ha'ic the nght tn hQld the- pohClc!lo and renewals thereof, subjet.:i to the terms of allY mongage, deed, of l.rust
<br />lIT olber '!<,"'i.~-Uftly agu.'"tmenl with a lien \\'hh.JI has. pdority over Ihis Mortguge. ,
<br />In the ('\'ent of h);;'~t Borh'wCf shall ,gi\.(' prompt notice to the Insurance- ~arrier and Lender. Len.qer may mak_e proof
<br />of foss If nor made promptly by !klf(UWCI.
<br />If the Properly" abandoned i'y Borrower, or if Borrower fails to respond 10 Lender within 30 days fronHhedalc
<br />nOlke- is mailed by Lender to Borrower that the insurance carrjer offers (0 settle a claim for insuran~e benefitst Lender is
<br />authorized to collect and apply Ih~ in~uran...:e procct"ds at Lt"nder'~ t.1ption either 10 restoration or repair of the pro-peqy
<br />Of to the ~um$ :,e-..;ured by IIH~ ,Morlgag~.
<br />6. Pf1:'senation and Maintenance Ht' Pruperf)'; Lea~b()lds; CORdomtnium~; Planned Unit f)(~eIOpmen'5,
<br />Bo-HQ\lo-er s.haU keep the Pfl,}pcrt~. Itl gOl)d repair and shalllH)t n~mmil wa~le or permit imp~tirme-nl or dctt.'fioraHon of the
<br />Propert.y and ~nan \.'i.mlply with lhe PW\ biot1b \,)1" any lease If thiS Mortgage is on a leasehold. If this tvtoftgaie,js<on a unit
<br />in a condoil)jnlum ~'r a planned- unir dC'vt1op:Jtfent~ ~1lorrower "ihalt perform all of Borrower's obligations under the
<br />de-i.':larat\Qll 01 cO\t.'n-anb ;.:rt""aung or gt..1\'erning. l:iC ..:onuominium or plannetl unit development. the by~law~ and
<br />regulaHQn~ Qi lhe ..;\)n-dunwHum ur p'anne-d unit development, and con:)tituenr dili:umenls.
<br />,~ Prot<<tio.. of Lender's SeclIrit,. If Borrower fails to perform the covenan\s and-ag.-rc('-tHCl\h I.:omained in thi!lo
<br />l\tor{&-\lgc. or if an)' a;.;tiori (H pt(~e-eding h commen;.:('d wlw:h rnal\,':fiaHy affec{~ Lendt."r',S iJHcre~1 in the ProperlY, th(u
<br />Lend-el'. al Lt'-odf'l"s option, up,nn notice In 8Oflov..er, Inil) make .such appearanccs-~ disburse s.uch s-um.ll indwJwg
<br />feas.on~bfeauvrneys' fees~ and lake s-uc_h a":lioh a-s.1S A(\.':cssa,ry (o'prOtect Lendet'~ inlercsL if Lender required mongag\'_
<br />il~ur.nct as a qmdition of making the loan 5l;!~~~rcd by ihi!\o Mortgage, Bo:rrowcr shaH pay tlH.' prCmiUl-I1S requin.'!d (0
<br />mailuAlfl -such insurance in eHecl '10tH ,',-Udl time as the requirement fOf 'HJ\;h in'turan~t." t~nninates in a,,~~orda,n~e with
<br />!lQrrowt'" and Lender', writte.. aa,e<i1henl 0' applicable law,
<br />Anj. anloullts. dl$bun.ed by Lender pUC-Il_uaot to lh~s- paf-a~raph 7, ....nh IlHtIi,.~M thereon nt lhe- applicable COmra(f
<br />It.it. "haU ht-Coftlf".additwf'ud uhi-ebt~dnc);. \.Jf BOfruwcl r-,c\."UH.;O by !IH~ Munpt,gc_ l;Hh.~!'i-:'- BnlfO\\t'J and tefH.iCt 3gH:t.~ III
<br />other IC:l'm~ vf pa)'m(,dt~ 1!iu:,;h oitfl)1J:utU.s -~,tU:lU be l.'Hi}ablc iJ~}(Hi I)lJH~( !rvt1! LcnJcl l.\} Bun~.l\\'er !'('qu(,':\!ing rH~Ylll-(~l'iI
<br />thefCUr. N"jlb~nlt n.Huilined in th['lJ ~Hu'-agfaph 7 'ShaH fequHC Lrm.tcJ' ti) in,,;uf an} e\p?-Il~t' fl!. laKe an) l~dWn he-ft'Ulli..h:r.
<br />.... hll~jo.. Lendtt: .;1.tay ,~tlali~ \~l ~anie to b~ n~~d-c:.-rt:~'5i~nlabk cnau~:s Uptm_ and ifPiP'C\.:Y'Y"~ tl$':~~l,,,~I~opeff)f"
<br />pn:wtdltd n')al Lt'ndn ~haU Ai\;-(' BUIH.lWii'_t J1'H1lft' paUl h) aft)' ~u(.h H\5,I)Cd;on \ll\,;.lfnng. f{,'_~1'HH1,ibh,'~("';n:.t"c1htr~ff"r rdmo:d
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