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r L UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: .. . < .84___ a'(:),4:iJ:l)ifl. 1. Payment. of Prlndp"" and Interest, Borrowet shan promptly. pay when. due. theprinci(lalot.and.intere~t;o~<~hll" indebtedness evidenced by.the Note,. prepaymenland late charges. as provided in the. Note;,and .theprinciplilofarii.!.iinl'ci)iStY on any Future Advances secured by this Mortgage, ... . .' . .' '. ", " .', :Z.Fnnds for TIiXe& sndIDSIIl'3nce. Suhject to applicahle law or toa written waiver by Le'nder,.Borr to Lender on the day monthly installmenls of principal and interest are payableun<ler th.N.Clte~U!1tiLthe a sum (herein "Funds") equal to on",twelflh of the yearly taxes and. aSses~mel)ts, which may' attain Mortgage, and ground rents on the Property, if any, plus one'twelfth of yearlypremi plus one-twelfth of yearly premium installments for,mortgag~ ins.u'raIWc,' 'if?~Y; ~lI~as;:(e:~?:o.~tnf time to. time by -Lender on the _ basis of assessme_nts and--bi1ls _~n_d, rea:sona~_Je-:,estimat~, tl:ler70!i->~':-,,-. _ ':__~>;:_ The Punds shall be held in an _institution the deposits'or acco.unts:-ofW'hi~ :ar~,-i~~U~~_--()~,;'~r~~~?t!~'~:B stale agency (including Lender if Lender is such an institution), Lender shan~pply theFundS'loBays~id,ita;x insurance premiums and- ground rents. Lender may not charge for so hOlding_'and_'-app.lying-the :Fun~St,~,~aJ~, or verifying and compiling said assessments and bills, unless Le~der pays BClrrower-- interest on ;Jhe}~~p~~s~,~d permits Lender to make such '3 charge.- Borrower and _Lender may agree- in- writirygcIlt "._th~~:_~~e;}~:r-~_e, Mortgage that interest on the Funds shall be paid to Borrower,_ and -unl~ss: such ' ~greernent: -j~(;'~~C?':'fQt requires such interest to be_paid, Lender shall not be required to pay-Borrower any int~resLor_~~~gs--9~'_-tP~:':fPr-~, shail give to Borrower, without charge; an annual accounting of the Funds showing _credit~ 'a,nd-,debits::Joi:tre;:J7:_?:n~: purpose fOf which each dehillo the Funds was made, The Funds are pledged as additional security'f"f.theCsum.". hy this Mortgage. . . .', .... .>:,.':',:.. If the amount of the Funds held by Lender. together with the future monthly installments -of- ~un~",-par~,~~e:.::-p(jBt'_!Q:\~';~('<'~:,-::;;:':: the due dates of taxes, assessments, insurance premiums and ground rents~ shall exceed the'_amount're'luired,~o,,?a,y'!,~~i~,::.t~~_f~,:::':'::'_:>';~-"~ assessments. insurance premiums and ground rents as they fall due. such, excess shall'-be, 3_t Jl~:rro\Vefs:_ op_~,?,~~':~~~~~.~~~:.-- promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If, the"amo~t:__'pt~,~<t,}:~,~',_- held by Lender shall not be sufficient to pay taxes. assessments. insurance premiums' and ~ ground -~~"t:So_~asc .t,~_~Y::.-fa~h_Ci';l,~,::-~, Borrower shall pay to lender any amount necessary to make up the deficiency within 30. days from the date:Jloti.ce-is",~~tl.edc, by Lender to Borrower requesting paymenr thereof. _ - _- .-::__>_,,:_- ::.>-,;:___::< Upon payment in full or all sums secured hy this Mortgage, Lender shall promptly refundtoBofrowC\f.anYfll~'" held by Lender. If under paragraph 18 hereof the Property is sold Qr the Pro>~ -rty is otherwise-acqtJj_red'l:)y:Le':l~~r;:,L~n,d~r.-;- :mali appiy. no iatcr than immediately prior to the sale ot the Property f't-r 3cquisition by Lender, :any- Funds, held,:_,by-' Lender at the tjme of application as a credit agaJm:t the sums secured t 11.50 Mortgage. . " 3.. Application of Payments. Unless applicable J~w provid.::s otherwise. all -payments received by -L~~er:::under-~th,e:~~ Note and paragraphs 1 and 2 hereof shaH be applied by Lender first in payment of amounlS payable to Lender. by ~o~row~.r.~ - under paragraph 2 hereof. then to interest payable on the NOIe. then to the principal of the Note! and 'then to--interest-and principal on any Future Advances. 4. Charges; Liens. Borrower shaH pay aU taxes. a5.ses.\\rnents and other charges. fines and impositions ,attribu'table:.to the Property which may anain a priority over this f.,-lortgage. and leasehold payments or ground rents, if any, in the 'manner: provided under paragraph 2 hereof or, if not paid in sllch manner. by Borrower making payment, when due. -directly- to ,the-' payee thereof. Borrower shall promptly furnish to Lender all noUces of amounts due under this paragraph, and -in the, event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidenCing such - payments. Borrower shall promptly discharge any lien which has. pnonty over this Mortgage: provided. that Borrower shall not _ be required to discharge any such lien sO long ;15 Borrower shall agree in \\' riting to the payment of the obligation secured by such lien in a manner acceptable tn L~nder. or shaU in good faith contest stich lien by. or defend,enforcement of such lien -in,: legal proceedings which operate to prev'tnt the en(('H"1::emcnl 01 the i1en or forfeiture of the Propen:y or any part thereof. S. Hazard Insurance. Borrower s.hall keep the Improvements now existing or hereafter erected on the Property'-insuf.ed against loss by fire~ hazards included within the term '\~\tendct1 ~nvcrage". anti such other hazards as Lender may reqmre ami in such amounts and for such perioos as Lender may requir~; provided. that Lenuer shall not require that the amount of such coverage exceed thaI amount of coverage required hl pay Ihe ~ums ,e~llred by this. Mortgage. The insurance carrier providing the insurance shali be chosen by Borrov.-er subject to approval by Lender; provided. (hat such approval shall not be unreasonubty wirhheld. All premlllm" on insurance policies shall be paid ill the manner provided under paragraph 2 hereof or, If not paid in such manner, by Borrower making payment. when due, directly to the insurance carrier. All insurance policies and renewals. thereot sh~tll b\.' in form ':K',"cptablc to Lender and shall indude a standard mortgage clause in favor t'f and in form acceptable h.1 Lender. Lender s.h~\1l h,~vc the right to hold the policies and renewals thereof. and Borrower shall pr\.)nl.ptJy furnish 10 l.ender a.1l renewal noth.;es anJ all receipts of paid premiums. In the event of loss, Borrower shall give prompt uoti.:c to the ll\suranLl~ i::arricr and Lender. l.enJl~r n1<l.Y make proot of loss if nOl made promptly by Borrower. Unle;ss lender and Borrower l)th~rn'i~ agr~e H1 \\ rmng, jns'ul'an~e pn:Ke~ds. shall be apphed to rc-;toni.li~)n or repH_ir ~f the ProperlY darnaged. prol/li.tet.l such rc~h.)r~lhm (:Ir r\.'r~i1r IS ~l.:"m(lmk:alty ieasible and the security of thlS Mortgage IS not thereby impaifed_ It such reSloratum or rcp..ur is {)\){ \>c(\lwmically fea~ible 01' If the security of lhls Mortgage would be tmpajred, the insurance proceeus. shall be applied tn the sums sei.~urcd by thtS Mortgage, with th~, ext;C~S, if any~ paid to Borrower. If the Propeny i~ ahand~mcd by BOfr\)wer, PI" it BOI'r0wcr huh. to rc::,.pond to Lender within 30 days from the uate notke is t"'nailed by Lender to Borrower that the lO.~uran..;,-' ..::arrier l1!fcn t(\ :octile ;} claim for in~uranl..'c benehts. Lenuer is authonzed. to collecl and apply Ihe msuranl.:i.' proceed:,. Jt Lender's vphon cliher \\) resi.onHinn Oi' repair ~1f the Prt1~rty l)r to the s.ums st'Cured by this Mortgage. Unless Leodec and Borrower 0therwJ"t: agree III \-\'UllOg. any sll~h o.lppli:.:alion (If proct:eds lQ prmcJpal ~hail not extend or postpone the due date of (he Hlonthly installments n..fern:d h) Hl raragraph~ l ~nd ::? hereof Dr (h.UlgC the amuunt oj such installments. It under paragraph 18 h~reof the Profk-ft} l~ ~H;'-jUlreJ by Lender. aU nght, litlc and lnter~st of BOTTO\\;.:;r in and to any insurance policies and in and to the pro(:e,t:u~ (hCre~H fc~uilmg from Jalllagl.'- 10 the Properl~ prinr to the ~al~ or acquisition shall pass to Lender to the e.\tcHl \,)f the .sum:.-i ~ecurt:d by Ihl' MongJgc mlUlf.xhalcly prior (I.) :'>llch ~ak 01 acquisition. 6. Presenation aQd i\tainte-naJ.lce of Propen): l,ewoeholds; CtHldominhuus; Plamu.'d l)nit Oen'lopmenb. Honu\~(,1 shalt keep the Property in gOtld repair and shall nOl commit \-\. a....tc ur p~fmlt unpi.11fm~,nt or dt'tcri4..\ralWn l)f the Propat) and shaH ~'OmpJy with the pro1t'lsioo.s of an)' le-a~ if this, 1\'1ortg~lg~ 1'.. ~m ;.J kascho!d, it thi... !\hHtgagc l~ ~m ~\ Uflll in .t condominium or a planned unil de'..eiopmcnt, Bl...1HOWCr ,",hali ~rh'rm all (!f Born..\\I,CfS \}bl1gatinns und~r tht.' J~dMal:l.)n or covenants. ('realing or governing the ~OndOtlllOHlJn (Jr pianned llnH dcvdl)pmCl1t, !h\." by-laws .1llU rcgu[;,HI()n~ of th~ condominium Of planned unit development, ,mJ C;,llhtitucnt J(lI.;UmCll!\ 11;-1 ....\mdi.)fllinium Qr pl.ml1cd ltnlt dt'\'ch\pmctH ndec ii ex.ecuh:a by Bol'fQwer and re..:ordcu wgdher with Ow. !\-ll'Ilg...g.... tho;;' Ct~vt."narH::. amJ agn.~o:m\;.~nb ,~f s,\h..'h tHler sball be. incorporated II1to anti shall amend anu suppkmcm the i.:O\coJ.nt!> and ag,rcemclIh "It dil\ Mung.asc ;J' If (/)(,., ridel were a part hereof, 7. P.rotectiou of l.~nd-er"s Se.('urit)~. If RotTu,"\I.'! fad~ tv p;.~rt"1!n1 the LtWCnanI:s and ;.tgrCCtllL'IHli ,;:,'nUiflt:J In {hi:. MoftSage-. or jf any achoo 01: procl"e:umg IS ('unuT)cu(cd \-\. hu.:-h ma~~rjaHy ,d{c~t" l ('nJer.... llltt':f'I>sl in the Propt;f'1). induding. but not limited to. ~minent domain, in-s.ol\'cn>.:y. i.\xk cnfl'n::cmcnc N atrallgc.rncnts ~.'r l-m),,'cl:'\.lin~:s involnng a baokrupt or decedent. then Lender at L('nder'~ option, \lpon tlNl(C !n 80fT(\.....,.U. may nlilkc ~ij,-c:h apE'lC'MJ.iKC>;, di:shU~t \Ud1 SUftU arad take such a.~tion all is lle(CSSi'\fY t~, pWk>d I_endcr.... lJHI;'IC,..t, nl(:ladtn~. but nnt hnuh.'d \~J, ,h...r'mlll'rT1CfIl \.'1 ft'awnable aUorney's tC1:~ lliod cnHY up;..,u Ita:: Propeny hi rna!l.t rl'p.ur\ 11 Leno!.':, rC'4ljjn.:J Hh.llt!,:.i}.!e jfl\1...H ;Hh..'{: ~l" J c,uudi1ion of malL"i rhe h)qu ~ured by thll\ MOrlgit~i"' Hnn-o\q:,! >h.tll p.., th~- pH:mHlHh l~~q:llITd t>\ !llainr.J.llJ ..~l,-h luuram~ in e(f<<t mud ~u\:h t.im,~ ;15. lhe re-qmrcmeut k~f ;",IK!1 msi.ltam:~ h:rmlI1<tt~,\ III :!(c\.\rdan-..;(' wnh U0-1T\.~\\'t.;t>.... ,!th,j r, I ,"-,',,',".> "~,.,,< .... ~r~ ...- f\/\Aqf)t" \f~;-';- ~~q--~