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<br />84 -002925
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. PIi)'lllftl' of Prinr.. aIId 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 Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Ii'lmtk for Tn. .ad I..UftIICe. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on Ihe 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 [0 one-twelfth of the yearly taxes and assessments which may altain priority over this
<br />Mortgage. and ground rents on the Property. jf any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mongage insurance. If any. all as reasonably estimated initially and from
<br />time to time: hv Lender on the basis of assessments and bills and reasonaole estimates thereof.
<br />The Funds shall be held In an institution the deposit.'i or accounts .of which are insured or guaranteed by a Federal or
<br />state agency (inctuding Lender if Lender IS such an institution L Lender shall apply the Funds to pay said taxes. assessments,
<br />insurance premiums and ground rents. Lender may nol charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said as.....essmems and hills. unless lender ptlYS Borrower interest on the Funds and applicable law
<br />nermits Lender 1O make such a charRe. Borrower and Lender may a2ree in writimz al the time of execution of this
<br />Mortgage that interest on the Funds ~hall be paId to Borrower. a~ u-nlcss such agreement is made or applicable law
<br />requires such intercst to be paid. Lender shall nol he required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge. an annual accounting of [he Funds showing credits and debits to the Funds and the
<br />purpose (or which each debit to the Funds \\"a'i made. The Funds <ire pledged as additional security for the sums seCured
<br />by this Mortgage.
<br />If the amount Qf 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 ~ents -J,S th",v fail due. such CX.CC-Sf s.b!\U be. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower I.)n monthly mstallments of Fund.~ If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, as..oressments, Insurance premiums and ground rents as they faU due~
<br />Borrower shaH pay to Lender any amount neces..,.ary to make up ~he defiCiency within 30 days irom the date notice is mailed
<br />by Lender to Borrower rcquestmg payment thereof
<br />Upon payment an full of aU sums se~ured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereor' the Property 1'\ ..old <.}r !he Property IS otherwise acqUired by Lender. Lender
<br />shall apply. no later th.an Immediately prior to the .;"ale llf the Property or its ac-qulsition by Lender. any Funds held by
<br />Lender a.t the: t,IIDe oi appJic,auon as a credit agams[ the s.um~ secured by this MQrtgage.
<br />J. AttfIicatiou of P.,..<<...... unfe'i-s applicable law pro..-u..les otherwise, all payments received by l.ender under the
<br />Note and paragraphs. I and .2 hereof '!ihail be applied by Lender first In payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then 10 mh~re'U payable on the NtHC. then to the prin.cipaJ of the Note. and then to interest and
<br />pnncfpal on any Fuwre Advances.
<br />4. CIuuJa.; 1M... Borrower ..hall pay .:111 la\.c.... .hse~.iments .lOd other charges. fines and Impositions atlribulable to
<br />the Property whacb may littain a prloriry over thl1> Mortgage, and leaM!hold paymctli:s. or ground rents. if any. in the manner
<br />provlded under paragraph 2 h-cr~of {~r, II not paid lfl ..uch manner, by Borro~f makmg paymeOl. when due. directly to the
<br />payee thereof. Borrower ~huH promptly furnssh to l.ender a.U l1lJlh.'CS of amounts due under this. paragrapb. and in the event
<br />Borrower ~hall make payment dire..:th, Hornw.-er "hall prompt I) furIHsh to Lender receipts evidencing such payments.
<br />8orrower shall promptly dL"Chargc any !ten ~....hKh has pnorIty over ~hjs Mortgage~ provided. that Borrower shall not-be
<br />requirro. to dtscharge an)' ..ucn hen M.) long .t:S Borrower ..hall ,'gree in writing 10 the payment of the ,-,bllgation secu-red by
<br />s.uch hen to a manner accept.able to Lender. nr ...hall Hl g00d failh (:On(c~t such lien by. Qr defend enforcement of such lien in_J-
<br />legal proccedmg~ which operate to prevent the enl'orcemeot of the hen or forfellure of the Property or any part thereof~
<br />S. IIaaanIIMItf'IIIKf'. Borrower ...hall k\"~p the ;mpro'vcrnent.. om\.' t"\lsung or hereafter erected on the Property insured
<br />agamst io~s by fire. haurds mdudeo wlthm tht.: term ".."tended clwerage'.. and such other hazard~ as. lender may require
<br />aDd 1ft .such amounU, and fOf >;uch pcnl.)(.i'i ,1S l.ender nlay fe-qmre; (}f<.l-Vtded. that Lender ~hall not require that t.he amO\lul of
<br />such covera.ge cl'lcet.'''d that amuunl ~,t ":o,,"'erag-e re~ulfl:d H' pay the "wn\ ..t'i.:ured hy this Mortgage..
<br />The uuurancc j,,:arner providing the m-sur-anct' \h3H be cho':!-en hy Borrower subject to approval by Lender. provided.
<br />that such approval shalJ not be unreasonably withheld, AU premIUms un insunmcc poHcies shall be paid in the manner
<br />proVided undu paragraph 2. hereof" ,)r. if not pa.ld in ""uch manner. hy Borrower makmg payment. when due~ directly to the
<br />Insurance .::arner.
<br />All iniurance lX>>U:'ICS anu renewals there,oi sh.iH be In foml <tl..'\,:cplablc to Lt:nJ~r and shall include a s.tandard mortgage
<br />clause 10 ta'\'or f..')f and In form a.n-epl.ithle tl..! Lender. Ll'ndcr ..hall have the- right to hold tbe policies. am.I renewals thereof.
<br />and Borrower shaJI promptly furnish IO Len,icr aU renewal nOlU;e~ and aU receJ:pts of paid premiums. In the event of loss.
<br />Borrower shall g'Vt prumpt notK-c lu the m~Uf'~lnI.:C i..'arncr and Lender. Lender may make prool of Joss if not made promptly
<br />by Borrower.
<br />Unlf:S$ L.ender .and Borr-uwer otherv';I~ agree 10 v.,'f'ltmg, msurani;C proceeds shall be applied to restoration or repair of
<br />the ProperlY damaged, provuJed ....u~h re~h.lf1lt,on \)f repa:lf IS C't:oflomicilUy feaslhle and the secutity of this Mortgage is
<br />nOt thereby impalfed. It s.ui.:h ~h)ratuJn 0T repair IS lwt l'c<.m,)mK..df;' teasible or if the security of this Mcmgage would
<br />be impa.1fed. the msurancc proceed... s.haU be applied to the ,urns sccured oy Ihl~ Mortgage. wuh the excess, if any. paid
<br />tu &now-cf It ih~ Pr('f'CH:. ll> .tb.Ull1vn.cJ h~ B,,'ff..."'t::1. U~ Ii lkl(((!wcl hub io 1t'~J.,,".)f1J ic, Lendci' within 30 days from thlij
<br />date notiCe ts malled by lender 10 Borrower thaI the m~uranct:" carner offer.; to seute a claim for Insurance benefits. l..ender
<br />1) autbonzed to l;,~oBec_t and appi~ the m~urance proceeds at l.ender's opuon eahcr to restoration Qr repair of the Property
<br />or to the SU1U5 ~et:ured by tbl:S Mortgage
<br />U~ LenUer <r.nQ Burrower \)tnefVo'l~ ;tgft..'1: ,0 .....ldfOg. a.n~ MKh apphc,atlon uf prt..l~ceds to pnnclpal shall not extend
<br />or postpone the due daie of the monlhly lO~aHm('nh rdcrn..-tl 10 If! pardgraphs I and 2 hereof Of change the amount of
<br />S,UCft IOsLa.llments. If under paragra.ph is hereof tbe Prl\pcrty I' "il.':4ulreu by Lender, all nght, title and interesl ot Borrower
<br />In .md to any Insurance pohcu::s. and III and {0 lhe pru..::eeds theret)l resulting from damage to the Property prior to the Soule
<br />or llC4llmiUOn shall pas.." to Lender to tbe e~lenl of the "unh ...c-curcd h~ lhl~ Mortgage immethatcly pnor tt-. such sale or
<br />a-cqWStUOfi.
<br />6. Pn."'........ Maiakuaau of Pro~r1,: Le-aseboJcb; Condominium.~ PI.nned llnil IleveloplDC'ftts. Uorrowe.
<br />sball keep the Property in gt.lOd repair and ",hall not c\,Immll \\oa.slc llr permtt JmpaIrment or deterioration of the Prope.rty
<br />and shall comply with the- prQvBiOnS t~ any iease If thiS Mortgage 1'\ on a leasehold. If thl~ Mortgage is on a unit in a
<br />t;:<.mdomintu:tn \'\r l:i planned uml devdopmenL Borruwer ;"haU pertOJOl aU of Borrower's dlhgaholls under the declaratton
<br />Qr covenants crc-atmg or go-vernmg lhe, condommmm or planm.-xi llfHt development. fhe- b-y~law~ and regulatlOfl$ of the
<br />..::oodomimum Of pJanned unlt development. ,mo c\..)f\.,W.uen1 documt:'fl!>Io; If ,-1 cOfh.iomlOau01 or rl~nncd lHlIt devdopment
<br />ndv 1$ e~ccuted hy Borrower and reeofued together wHh !hle; M~'rtgage. the ..:ovenants aud agreemeot~ ~'I \ul.:h fnicr
<br />than be ulCorporll~ed Hlto and ~b!lU :tmend and surp1cmt:nf the ~"nenanb. anu dgrt.~ments oS thiS Mortgage ~i.S It !tae rider
<br />'""'C'.re ii part ~.
<br />7. P'reIrw:..... of ~-s Sec.>urity. If Borrower talh. 10 perfnim Iht \.:'O\'enlHlh llnd ..l~f'cemen(s nmtall1cd In IhlS
<br />Mort....~ (tf if uy action nr proccedUli i~ \;:Pnlf1lt:'occ\i WhKh mlltena.ii.,. .dlcch i endcr\ lm-er(':sl in the Pro~rty.
<br />tndudin.. but not hmlted t-\.'l, eQUllCnt OOmiUfl, l!1~)lveru;)'. '-=tKk t~nk}t(:t'mcut. nr afnin~f'nents i.\f rnx-.-eedings lnvof"mg il
<br />bankrupt or- dec.edent, then Le.J"lder at Le-nder'"ll ()ptt(lfl:, U{l(lO fwoe,", I~' BNt't'WCr. m,a~ male :m<:h appearancC'\, dt~hune slI\.-h
<br />w.fft\ and takt auch action d l$ r~n-"!tar~ 10 prntect I cnde(!\ ,nh~feSI. rr-"dodlOg. hut ll{\l !mHted w. ,_hj:hur:reme_n! \~i
<br />reaaon.bIe a.uurne-y-';!. ten and l'tHry UpOf1 the f'orope-rty w ma.!,t re-palf~ If I eodct f~lllH."d mnnga.l{t' H'l'SlJnHH.:e <of" ,\
<br />~-(Jft(bl_ a1 mak.tn, the klan ~'=UtW boy thu. Mong-l~. HOrfowcr .hitU pas tilt premwtn-'l ;t~-tflllj-e-d fl.' mailltiHH \u;.'n
<br />i-MU(~ in effoct unlll !Uj(;-b UfnC' il.,'\ 1M teQuUtn\e'tH tm ,>u(:h m\,ur-.~J'l:C.c lerrntnlltt''i. ~a ,t",C(\nlal"ll..:c wllh B"rrt.lwC"I',{ <md
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