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<br />84 - 004456
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<br />UNIFORM COVEN.-\NTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Inleresl, Borrower shall promptly pay when due the principal of and interest on/he
<br />indebtedness evidenced by thf: Note, prepayment and late charges as provided in the Note. and the principal of artd- interest
<br />on any Future Advances secured by this Mortgage.
<br />2, Fonds for Tues and Ins011IIICe. Subject to applicable law or to a written waiver by Lender. Borrower shaU' pay ,
<br />to Lender on the day monthly installments of principal and interest are payable, llOder the N~te.~ until the-~()te--__js-paid--i~.JuU;
<br />a sum (herein "Funds") equal to one-twelfth - of the yearly taxes and assessments which:}Il1ay", ~ttaj_n ,- priority-': 'over-';-t~~
<br />Mortgage, and ground rents on the Property, if any, plus orie-twelfrh of'yearly-pt~mium"in:staJllrier)tS.r~t-.ha~td:~:~'Q'~~J'a~~(f/
<br />plus one-twelfth of yearly premium instalJrnents for mortgage insurance. jf- any. all,as reaS\)l'!ably estimate:d,initia.tly_'~nd)J(oin~->
<br />time to time by Lender on the basis of assessments and bills and, reasonable estimates-- thereof. . '._ ':::": .:' '''. __, ,'':-: .". : ,',
<br />The Funds shall be held in an institution the deposits or accounts of which are. insured ,or guarante:,d. ,by...a',:I:':~,d,~ia:k~r--i
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the-Funds to !?:ay said..taxF:!.:a,ss~.S~t;~~r
<br />insurance premiums and ground rents, lender may not charge for so holding and applying the FUf1ds.,.anaiyzin~~a_id.'.~cc~i1~t.
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the ,Funds'and.',appli~bl~~la~' -
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing ,.at: the\~~~e':of-.-e;l(.eCutibn-:'ot:::~i,~':-
<br />Mortgage that interest on the Funds shall be paid to Borrower. and unless such' agreement. is-.:~ade".,o:L. appli~abl~.:::la~.
<br />requires such interest to be paid. Lender shall not be required to pay Borrower any interest or eam.ings.on~:th~':Fun4S:.-:::..~~det~,
<br />shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debits(to.the Funds.:a.~d:.'~p.c;':'.,
<br />purpose for which each debit to the Funds was made. The Funds are pledged as- additional security. for"the sums se~rt~d
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of 'Flinds paya,b~,~__."prior;:':to--'
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shaH exceed the amount required -to .pay::~a!d.t~es;
<br />assessments, insurance premiums and ground. rents as they fall du~. such excess shaH be...at Borro~.er's optio~~":,.~~~r
<br />promptly repaid to Borrower or credited to Borrower on monthly Installments of Funds. -If.' the amount,'af _the~'Eun(k
<br />held by Lender shaH not be sufficient to pay taxes, assessments. insurance premiums and ground rents 'as,..-they fan',~due;
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the.date-notice.is_mal.Ied
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of ail sums secured by this Mortgage, l.ender s. '1t1 promptly refund to Borrower'any::FuDds
<br />held by Lender. [f under paragraph 18 hereof the Prope:-ty is sold or the p. .',"rty is otherwise acquired 'by. Lender;'.'Lencl~r_
<br />shall apply. no later than immediately prior tc- the s2k of the PrOf 'i or lt3 acquisition by Lender. any Funds h~ld 'by.
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appiication oi raymenis. Uniess appiicabie iaw ptoviut:::t uihciWist, aB payments received by Lender under tf.~
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note. and then to interest and
<br />principal on any Furure Advances.
<br />4. Charges; Liens. Borrower s.hall pay all taxes, assessments and other charges. fines and impositions attributable, to
<br />the Property which may attain a Pflority over this Mortgage. and leasehold payments or ground rents. if any, in the m~er
<br />provided under paragraph 2 hereof or. if not paId in such munner, by Borrower making payment, when due, .directly to".the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of umounts due under this paragraph, and .in the. event
<br />Borrower shaH make payment dirl,,"Cdy, Borrower "hall prompth' furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnority over this Mortgage; provided, that Borrower shall'nol. be
<br />required to discharge any such lien so long ,IS Borrower shaH agree in writing to the payment of the obligation secured by
<br />such hen ill it. ulanner acceptabie to Lender. Of shall In good fallh cOntcst such lien by, or defend enforcement of such.lien in,
<br />legal prOf.:eedings which operate to pre".ent the enforceme(\[ of the !ten or forfeiture of the Property or any part thereof.
<br />S. Hazard Insunt.hce. Borrowe-r shall keep the lInpro\'cmcnts now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term .'extended .:overagc", and such other hazards as Lender may require
<br />and in such amounts and for su~h perj()ds ~b Lender may requir~; pwvitled. that Lellller shall not require that the amount of
<br />such coverage exceed that amount of (;I.wcrage required to pay the 'turns secured hy this Mongage,
<br />The insurance carrier providing the insurance shail he chosen by Borrower subject to approval by Lender; pn;wided.
<br />that such approval shall not be unr~asonably withheld. All premiums. on insuranct:' policies shall be paid in the manner
<br />provided under paragraph 2 hereol or. It not paId in such mann-er, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />AU insurance PQltCIC.\ ami renewais therC'\1{ shall bC' III form .h':l.'cplabk to Lender .md shall include a standard mortgage
<br />clause in favor of and In fnrm ,Wf.;~p';Jhlc In Lender. Li.'IHler ....hall havc thc right tu hold the polic..ics .md r~newals thereof,
<br />and Borrower sh.ill pfl)mplly furnish to Lender all reneY<al nollces amI all receipls of paid premiums. In the event of loss.
<br />Borrower shall give prompt Iwticc 10 Iht: Insuran..:1..' (arni.~r ;1l10 l.enuer. Lendcr may make proot of Joss if not made promptly
<br />by Borrower.
<br />Unlc.ss Lender and Borrower uthl~f\\lSi..' ~lgri..'i..' in \\riring, in~uralKc proceeds shall be applied t(l restoration or repair of
<br />the Propc:rty Jamag~d. provided sUi..'h rcs[orallt)Jl l\r rt:palr J:. t'\':\.)JIorni~ally feasible and the ~ci..'urity of this r-,.'lortgagc i~
<br />not lherc::by impalTed, Ii su~h rl.':stor.ttton 0(' repair IS not ("collomi":,IUy r.:asiblc (Ir it the s~curity of thi~ Mortgage would
<br />be impalh::d. the insurance proceeds. ..hall be applied tLI lhi..' sums :-."::i.:urcd by this ~h)ftgagc. with the excesS, if ~IllY. paid
<br />to Borrowa. It the Property is abanJon~J b} Bi.lrwwcr, l\r d HUr'\lwcr fads It) respond to Lender within 30 days jrom the
<br />date notice is mailed b" Lender to Born.lwer that Ihe lnsurUIKC ;:arfl~r dIers 10 ~cltlc a claim for Itls-uram.:e benefits, Lender
<br />IS authorlz.ed to i..'oUect and apply the in:\lIralhx' proceeds at Lcm.icr''S, t)Plll.)Jl eilher to restoration or repair of t.he Property
<br />or to the sums :::.ecured by this Mortgage.
<br />Unless Lender and Borrower \1therv.isc agn;c H1 \\,flung. an: :.-.lh.:h applli..'atioll of pnxccJs to pnn-':lpal shaH not l:\wnd
<br />or pos.tpone the due date ()f the m(lnthl~ in~tailmcnb. r(':fcrn.:d to in paragraphs. ] and 2 hcrcIJf or ;,;hangc the ,UllOlHlt t)j
<br />such installments, If under paragraph 18 hereof the Pr,-)~rt) l~ '1~4ulred hy Lender, all right, tItle and interest of Bornm-'Cl
<br />in and to any insurance po1icie:i and ill and tl.' the pmceeds there,,-11 rcsuitlng from Jamagc to the Property plliJf h) the sale
<br />or acquisition :shaH pa~ to Lender to the r:~tent of Ihe ~um~ ~t:>.:urcd b~ Ihi~ \-tongi.lgc inllllcdlalcly pn\)f' tu ~u..:h s~llc I,)!
<br />a.::quisitJon.
<br />6. Presenation and ~taiut~nance or Prop~r1-,,; l.caschulds. Condominiums; I-'Ianned Lnit Dl'\dopmcnls. HorrO\\~r
<br />s.hall keep ihe Propeny in good repair and shall not ~ornmit \l,.<!.:.'[C pf permit !lllpainncl\l I,)r deterioratioll 1,)[ lhc Property
<br />and shaH comply with the provisions uf any lease if thi:. M\.)ngagc j" Qll .1 h.:asdwld, If lhi~ Mortgage i~ llll .1 nnit lil .1
<br />condominium I.)r a planned Ufilt JC\'Cklpmcnt. Borr\l\\Cl' :-.hall pcril1rm all ,II BonU\\er\i nbllg~IJonS under thc Jt.'..;!,lcau\)fi
<br />or covenants creating or governing the .:omlVll1l1llUrn (l[ pl,Hlncd UilIl J~\'I..'l\'I){nclll. the by-Lt\\-,) illHJ fl..'~i1lati\"l'" \~f thl~
<br />condominium or planned unit development. _lUU i...onstitUt.'l1I tkldHllt.'l1h. Ii;\ l'".'lhh)[j)inium (If pL.lIHlCU Wilt ...k\I.'h__'pmcllt
<br />rider is executed by Borrower a.nd re.:ordt:'d wgelhn .,nlh !hp. \J\xtg:,\g',,:, !hl..' ,''--'\'.::1.::11$ .lnd ,lgrt.':;m.:nt:.- ,~( \ud: n~l;:[
<br />shall be lIlcorporatcd into and sh.tll aml.:nu anu ..uppkrnl.'nl the ,,--...'\Cnanb ;\Hd ~1g.11.'<':IIlL"llb 11f IhlS Mnr(g~gc ;1" 11 th~ ndl'i
<br />were a part hereof.
<br />7. Proteetion of Lender's M(.'Urity. It Horrl1Wa !~Itl., !l) pt'c!t1rm lhi.' ,:ll'd:n~llli~ ;;nd i1g.1\'\.'l\lCnIS ,','>Iltanh'd 111 llw.
<br />Mortgage, or jf any .lclion \)r proc:ccdmg I" ~'\1l11mC'n;,;(~1 \\hKn m,i[l.~ria:llJ ,dIc...:t~ 1 ender'.., IHtnt.',1 in 1111: Pwpl.'n:.,
<br />including. but not llmited to, l,,'UUnClll domain, I il'1.1h'i.'IH.:Y , ..-!)...k ~llh'IC\?m~lll, II! drr;lngcmrllt." (1I pr"I..--I.'r.::llmg,,- in\.ll\lllg ,I
<br />bankrupt or de,;.:cdenl. then Lender at Leoder's l)ptii.1fl, up,,-'n H\lticc 11.' Horw,>n'f. fll.l~ mak~ ,tkh ;q'pl',H;Uh"\~;'\, ,bhu!'i\' 'oUlh
<br />sums and take such action <\" is IlCc('.\,-';ar) tL' pH)l...:\.'! Lender'" lBil.'rC'L dK;:ldlll~, but 11\'1 limllt'd hI dl'.bll!',,-~'nh.'fll
<br />reasonable attorney's. [~~s. and cnrry UPPll the PH'pcrty h\ m:it..i.: ft:pa,f" If I l'ndcr a>,-!uin:d ttl'-ollf.\ll...1.'
<br />i..'()Odilion of rnaklOg the h1iHl \c\:ured hy tilt.. Mortgage, HOff"""\--'! ,n.lll p<, till.' pfl.'nJIUn1." li~ fl1;l.m1.I:11 "1]<1\
<br />insurance in dIed until <;Ul..h tm1\: j),,> !he r<.'qllin;mclll for '-,lh.h Hl"Uf-itn<.:i.. kflnHl~Ilt:, ill J,,-("\'Hj,.n~.-- \-\!{!l H",fl"\\t'!" __111,1
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