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<br />UNlrORM COVENANT~. Borrower and I eouer covenant anq agree as follows:
<br />l. Payment of Principal and Interest. Borrower shall promplly pay when due the principal of and i!1teresl on the
<br />jndebledne~s 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 thi~ MongJgc.
<br />2. Funds for Tans and Insurance, Subject 10 applk.ble law or to a written waiver by Lender, Bo.rower shall pay
<br />to Lender on the day monthly installments of principal and mterest are payable under the Note, unlil the Note is paid in full,
<br />a sum (herein "Funds"l ~qua.' to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground renls on the Property, ir any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelr!h of yearly premium installments for mortgage insurance, if any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held 10 an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency t including Lender if Lender is such an institution). Lend'er shall apply the Funds to pay said taxes, assessments,
<br />Insurance premiums and ground rcnts. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifYing and compilmg saId .,,"ssments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge, B<>rrower and Lender may agree in writing al Ihe time of execution of this
<br />Mortgage that intere>! on the Funds shall 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 t" pay Borrower any interest or earnings on the Funds, Lender
<br />shall give W Borrower, without -\.-harge. an annual accounting of the Fnnd~ showing credhs and debits to -the Funds and the
<br />purpose lor whICh each debit h) the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by tbis Monga.Ire
<br />If the amount of the Funds held by Lender, together with the futllre monthly installments of Funds payable prior to
<br />the due dates of taxes, as.s.essmenrs. insurance premiums and ground rents, shaH exceed the amount required to pay said taxes.-
<br />assessments. insurance premiums and ground rents as they fall due. such c~cess shall be. at Borrower's option, eitber
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds, If Ihe amount of the Funds
<br />held by Lender shall not be suffiCIent to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the .Jate notice is mailed
<br />hy Lender to BOifower requesting payment thereot.
<br />Upon payment III lull of all sums secured by this Mortgage, I.ender shall promptly refund 10 Borrower any Fonds
<br />held by Lender. If under paragraph I ~ hereof the Proper,,' IS ,old or Ihe Property is otherwise acquired by Lender, Lender
<br />shaH apply. flu later than Immediately prior h) the :-.ale of the Property or its acquisition by Lender~ any Funds held by
<br />Lender at the time ,:of application as a credit against the s.ums secured by this J\.lortgage.
<br />3.. Application of Pavme.nts.. Unless apDh~able law provides !" -wise. aU n<lvments received bv Lend~r !Lr:ldfo..-r !he
<br />Note ~nd paragraphs. I and 2 hereOf ~hall be "applied by Lc;:dcr ~:~"r !-. ~ Jymem o(~_"unts payable to Lender by Borrower
<br />under paragraph 2 hereof. then 10 II1ten:~s.t payable on the NOh: <_fl l(i the prinCipal of the Note. and then to interest and
<br />pnnclpai on any FUfure Advances.
<br />4. Challtes; IJf'ns~ R()rrlWl'Cr _...hall pa~ ,t11 l.l\t..-C\, ,1~SeSSI1H.:nts ;Illd other charges, fines and impositions attri~utable to
<br />(he Property which may .wain a prH\rlty over rhls :\-tortgage. and leasehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2 hereot ,'f. if nl't piud In ~u.;h manner. by Borrower making payment. when due. directly to the
<br />payee lhcreot, Borrower shili! pnlmptly t llfOl:-.h tn I endcr ~tll nl.-'1KeS of amounts due under this paragraph., and in the event
<br />Borrower ~hail make payment Jne"l"tly. Htlru")\\,cr ..h.tll phmlptly turn ish to l.ender receipts evidencing such payments.
<br />Horrower shail promptly di~charg~ any lien \\ hlch has pnoftty over thIS Mortgage: provided. that Borrower shall not be
<br />reqUired to dlsch~uge allY ~u~h lien ~;J long itS Horrl)\',-~r shall agree in '-'I;ritlng to the payment of the obliga;:ion secured by
<br />such hen In d manner at:ccptab!t: !o Lt'!~der. ~H' ..h~ll H1 15(l1.)d fail" i.'~)l!h~....t su\"~h lkn hy, Of defend enforcement of such liea~ i~
<br />legal proccedIhg~ \vhl~h OP~LHC to pr~\oelH tht:: entufl.;cmcOl ot the hen or forfeiture of the Property or any part thereat
<br />S. Hazard Insurance. Borro-wer ~hali keep lhe Impn-,vt:menl~ nu\lt eXisting or hereafter ~recled on 1he Property insured
<br />again~[ l(\~s. hy fire. hazards mdu..h.:d \\-'lfhlO the icnn n~\(cndcd (.(l\'cragc", and such other hazards as Lender may require
<br />and In such .im()UfH~ and fLH su..:h pt:fli..)t]S J.S t endcf may n:qulft:; provided, that Lender ~hall not require that the amoont of
<br />,,-w:h coverage ex,~,;;-J thJ.~ J.nh'itHH "f ((lH:.J:g.;.- i'L"\.IVifeJ h' pa) iho;;" "Uflb ;.,t;dlfcd by thiS Mortgage.
<br />The IDsuranc~ (J.rner pruviding !ht:" i!hurath,:C ~hail be (hosen by Bo-rrl)~'er subject to approval by Lender; provided.
<br />[hat slh.:h approval ~ha.H not be llnfea~undbh' \\-irhheld AU prcmillm~ llO insuranl;c policies shaH be paid in the manner
<br />prOVided under paragraph .2 hert'\.lI OC )1 not p.ud in su;.'h manner, b}' Borro....er makmg payment, when due, directly to the
<br />in~uratb:e carner.
<br />AU ins.urance P\)J!C1C"", and renc\.\J.b thert>:i.li ~ha!i bt: in f\.)rm d\'''(~pt.'1blc to LenJa anu shall Hldude a standard mortgage
<br />clause In favor nl Jmi in t(~rm a,,;.:cpt,thk III Lend~r I C'uda ,h:til hah': the right II,) hold the polides and renewals thereof.
<br />and Borrower ,i1.tll promptly furnish 1.1 l.ender dll J'~n~~dl rhlll..:l.... and all receipts of paid premiums. In the event of loss.
<br />BOrrl)\-\o'er .s.h;.ill gll,'r f'T\.)mpt nlHn:t.' 1\) Iht: llbUJ.ln,,;\:, .:affit," .-Hld l.cmh:l. I ,end!,'!" may make prouf of loss If not made promptly
<br />by Barrowel,
<br />Unless Lender anJ ~)Hi)\'Cr \Jther\l,l:.c ~\lUt.'l,: In v.ntlllg, m'i.HiiIH:e rf()~c~d50 shall be applied (0 restoration or repair of
<br />the Properl~ d.tmagcJ. pHwldcJ :-.u..::h re~wrat!('n 0f rt."p.uf IS t'\.'l)!h).l1,\h.::ally fcaslblc and the security of this Mortgaae is
<br />not lhereby impalreJ It "u~h rt'..t-\.lfJ,lhlO or n:pdlr IS th.lt c':lln'.lmically kaslblc- or If (he se-curuy of this Mortgage would
<br />be impalred. the lO~urani.:e r[u.:eeJ~ ",haU be appht:J fo the sums seJ.:urt:d h) this Mortgage, with the exceu, if any. paid
<br />to Borrower. It the Pr(lpcrl~ IS dbanJt'lIed ~~ Borrllv.--cr, or it ilorn.)wer falls to respond to Lend.:r within 30 days from the
<br />date notice 1S In.adeJ tw I end.ef h' Horro\\-c! thaI the m~uran.::c (arner otTer-s 10 seuie a claim for insurance benefits, Lender
<br />l:'l. authonzed to cl11lecr' a~d ~tppiy lhe m~t1l"an..:c pr{X;,eeds at LenuerOs. option t:llher lO restoration or repair ot tht' Property
<br />or to the s.um:!!o ~ecur~d h~ ihlS Mortgage
<br />Unle$S Lendc-r and BQHu",er l"!theruiM,: ..Igrec m ';"'fltmg. .in} such application of proceeds to principal shaH not extend
<br />or postpone Ihe due ddtc: t)t {he monfhl} iU!lotallmenh rderred 10 in paragraphs I and 2 hereof or change the amount of
<br />such ln~ta!!menb Ii un-Je: p-a.r;agraph i 8 hereof the Pr\..1pt:rt\' i~ .aC4UlfCd hy Lender. ;ill r:ght, title and intere51 of Borrower
<br />in and'.to .tn) 1O.s~ranl.:e policies. ,lOa in and h) the prl'k:eed~ {herc-l,)[ resullmg tr\.)fH damage to the Property prior to the sale
<br />\"'l( acqw.sltwo ilhail llaii~ 10 Lender t(, [he extem of the ~ums secured by thi~ f\.h1[tg~lge immediately prior to such sale or
<br />ac-quisitton.
<br />6. P'raenarion aDd Maialooan~. of Prop"'t}; ,"""s.hol<l>: Condominium.; Planned Vult 1>"".lopo.onts. Borrower
<br />s.ru.H keep the Pro~rty in good repair and shall not ~omm.it \\ .htc \,)[ permIt Hllpairment or deleriofahOl~ of t.he Property
<br />and ,hail comply wlth rhe provi~lons I.1f any lease It tl1l~ ~;orlgJ.ge " on a k-as~hold, If till" Mortgagt: IS on a unit in a
<br />conuomlmurn llr ,1 planned UOit dcvch..lpmcnt, Borru"cr "hall perform aU 1,)( Borro\o\c:r's obligations uudcr the declaration
<br />or covenants Gt::<iting or go___-eromg [hl~ 1..'~)ndtJrnlOll.jm ~'r pi.wned tint[ dc\:c:lopm-cnt, th~ by.!aws and regulations. of the
<br />~onoomlmum Ot planned unit Jel,'Ckl-pmcflt, Mll.i (t.Oll::.lHHt..n.t \.k);,.:'Uilll'nl'o 1t..1 \.:l\ndoHlintum ,)t" plAnned urllt development
<br />r!Lier Vj exe--..::-uteJ "by Bor~cwe-r ~nd rc<.:.:;rdcd tOl:,;:t~e{ \\-~th :hi'i !\-tortgag"",, lhe :':OVl:n~Ult.s ;,mJ agr~m\.~nh l)f such Cider
<br />shall be. inco.rporate-d mto ,;11\U :'I-h...\H amend and supplcm~nl the \,.';'1\ CH...nt~ ~mJ agreements or thl~ Mortga.ge a!\ If the riJer
<br />"ere" p4f1 herwi.
<br />,. P~-t:tioa of IA"Dde.t's Set:urit)-. If Ih)rrl)\\f.'l Luls hl pcd\)lr1\ the covena.nts and .:tgrl'-cments i,."t'ntained in rhi~
<br />Mottsaae. or if any aCUon \)t p-rO\:t:edmg t\ \.'iJmmem..'cd \'hil..:n materially :dlcl.'b I cIH.ier's mtef~st i~ the Property.
<br />,ududmg. hU1 nm hnutc.d 10, emmenl domail1, H~>tllhcn'l.:y. ~:nde <:nhHcerncnt. 01" .ul'angem(nt~ or pnx::<<-dmg:s HlvolYIOg a
<br />bank.rupt nr de.....:dent. then l.-~m.icr .H l euJ"eor-, "rll('l"i~ HIw.lH l1tl!i\,.'t,' In llOrH\\A.l'J. 1'1<1.~ malo.C "w,'h <\p~.\rdlh,-'C'C'\. dl"butS~ su~h
<br />,u-m\ uid take u~h i,ik!i-.)tl <','lo 1\ !}(.h;~~\,;:U) h' pro!(,,-t Lcntk;-." ;(11~1l:::!ot. I n..: I UtiHlg. ~\l{ {l\li llm.lted to. dl<;r,urse-mcnt \It
<br />f('.it.KH1Able ;tHoHu,~-; ':. t~~~ ~nd e-"~TY i..iPOIl the Pn'l"\\~'!~ !('I m'l.k\.~ ;t.'p~H', Ii! {,,!H..k~ H'4uilni llhHt~.-t.~l,,': m\uranl,,:(' ;1\ .t
<br />,'i,m"tJH.:m :'( m..kHli lht: 10<111 ""c;,,Hle.I 0) thlS !>.t";!S~~~t;", H,,(!.J>,......^l "h<~li f<t\ the P/CIT\HHHI,. fe4hll"cd ld fHaiHI~tlll -.;udl
<br />ll'\huO\ncc ill t...tfe~_:t tH;ui \w.;h lHll~' ,,\,, the r\:"-~tu-ln'mtm t"C\l" \'.7->...h jrlo;>wMh:(.' EO'HHn.1t{'.. 1:1 .h:,"I_-,I..1;,\Il";(' \-nih BOrn.lu"ct\ .uld
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