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<br />U'ifFnRM COVE~\""'l~ B...'rrnwer and I t:nJ~T covenant and agree as follo"'''s'
<br />!. Pu}'mf'"nt of Prindpal and Interest. Borrower shall promptly pay when due {he princip;d of and mterest un the
<br />mdebtedn('~, eVldenced by' the Not~, prepaymcf"tt ano late charge..; as provided in the Notc, and {he principal of and interest
<br />on any Futllft: Advances ...ecured by this M(1rtgagc
<br />2. f'~nd~ fur Taxes and insuranc('. Subject !(\ applkablc law Dr to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly in..tallments of prin\:ipaJ and Il1rere...t llre payable under the Note, nntil the Note is paid in full,
<br />a sum (hercjn Funds") equal !('\ one-twelfth of the yearly taxes and .Jsscssmcnts which may attain prinrity (1VC: this
<br />Mortgage, and ground rents on the Property, if any, pills one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage Insurance. If any, all as reasonably estimated initially and from
<br />time to time by I.ender on the ha,is of J.s:s.essmcnts and bi!ls and reasonable estmlates thereof.
<br />The Funds 'ih81! he held In ;lt1 mo;;ritution the dCpt1SilS or accounts of which are. insured or guaranteed by a Federal or
<br /><aiite agcnc\ (ll1l'luding Lender If Lender 1\ such an institution). Lender ~hafl apply the Funds to pay said taxes, assessments,
<br />In''>urancc premiums Jnd ground rents. l.t~nder may not charge for \(1 holding and applying the Funds, analyzing said account.
<br />or verifying and ..:ompl!ing said as.scssmenls and bills, unle'Ss Lender pays Borrower imerest on the Funds and applicable law
<br />permits Lender to rnakt: such .: ~harge Borrower and Lender ma,! agree l!'l writing at the time: of execution of this
<br />Mortgilgt: lhai interest on the funds "hall ne paid ro Borrower. and unless such agreement is made or appJicable law
<br />requires such inh.'rest to be paJd. Lender shall n(11 be- required tn pay Borrower any interest or earnings on the Funds. Lender
<br />:-.hal! give fo Horrower. without charge. an annual a,;,'c0unting of the funds <;howing credits and debits to the Funds and the
<br />purpo~e lor \vhi...:h ';:3ch Jebit in I_he Funds wa~ made. The Funds are pledged as additional security for the sums secured
<br />hy this \-hlitgage
<br />If the ilO1ount \.Ji ~he Funds held by L(; nJer , ipgether wHh the iuture monthly iilstaHments of Funds payable prior to
<br />the due dates of !:axes, ;tssessmenb. In\:;UfanCe premium; and giOi.md fenb, ~haii exceed the amount required to pay said taxes.
<br />il\sessmenl'\. msur.lOC-C premiums. and ground renh il~ (hey fall due. such excess shaH be. at Borrower's option, ~ither
<br />promptly repaid fa 8orr~Y-.~'e; ..of ..::-rediied 10 U("irrower lm monthlv inslaHments of Funds. If the amount of the Funds
<br />held by Lender shaH not be suffir;:lent to pay taxes:, as..'iessments, in~ur.ai1ce premiums and ground rents as they fa1t"due,
<br />Borrower shall pay {(J Lender any amoum nece%ary to make up the t1cficJency within 30 days. from the date notice ;s mailed
<br />hy Lender to Borrnwer rcqucsong payment lhert.'of
<br />Upon paymclH ,0 rull elf all 5-ums se(;urcd hy.- thl\ Mort!;!<lgc. Lcnd~r shall promptly refund to Borrower any Funds
<br />held. hy LendcL If Hnder pJ.ragraph 1"': herco! The Property :s "uld fJr the Property IS othen.vise acquired by Lender, Lender
<br />shall apply, no !;ucr tha.n lmmedldleh rfl\'~r IU lh~ ..ak: of !hc Property or ItS acquisItion by Lender, any Funds held by
<br />lender al the tmH.' ,_If application ~!::. d .:rcJil .JgaHlst thi..' sum~ .:;e-:ured hv "'"",s Mortgage.
<br />l ~PVEt.e!io:;;;f P;;.!iii~i1ii. :._.llll.::::O:>' ,lprilCaD!C law ;of' .-:des l'~he! :lll payme;'~' received by Lender under the
<br />Note ;u~d p3rapaph\ ! .:utd .::. he-f{'t)t )-h~!j ht~ 3ppilcd h...- I t'm.h:..t" filS 1a~.:1em ut a.hOUli{S payable to lender by Borrower
<br />under paragraph ~ hereoL then to inlt:-rC\f payabk \'H thr ;'\in!c. tht'n w the principal of the Note. and then to interest and
<br />pnnclpai \10 ,_wy Future Advam::e,.
<br />4, ChargiMi; Liens. HpI'H.I>.<.t'r ~tl;;fl pa) ,Ill t.t\,,:',. .1""CSSHll.'nts .11Hl i.~thc.' ;,:harges. floes and impositions attributable to
<br />!he Property whidl may ,dram .; pf!~Ti!~ "v\..,. Ifn", \lol'tgagc. .ind h~aschl.ld payments ;)r ground rents, if any, in the manner
<br />pro\'lliell under pMagraph .: hcrt'(\( ,H. :! f1,1! I':i;id !fl "lh:h nl<llHla. D~ H1.lffOWCr making payment, when due. directly to the
<br />payee thl"fcof Borrower ~hJ.H pr..mlpth 1 unH~h :,l Lender .!Il notKt:.., d amQunts Juc under this paragraph, and in the event
<br />BOrnH\er "h.ti! ~l1at>.r p3"'m~nt .1)[(;'(;\1\ B\'I!l~v.l.'r '.h,;1I pri.'mF!!~ t~H(1!sh !Q Lender receipts evidencing s.uch payments.
<br />Born}\.\-cr ..,hi.d! ~Hf"mplly ,--llS--l.:h~llge ,Ulj 1:':11 '-\ll!..'h ha~ prionty l'\Cr rhJs Mortgage: provided. that Borrower shall not be
<br />rt"4wred to JJ~..h,:q;e :tllY ':>.lH.:h ;H.'~l '., J\)ng ,i:\ th.rfl'\'\.I.~r ...hiiil :iglCC in '\nimg 1,,"1 the p~yment ot the obligation s-e~ured by
<br />..u~h hen ,n ,I m.mn~r al"::.:cp!abk 'I' Li.'fH.1er. ~\l "haH HI g~}()d t~Hih ..:unll.~"{ ...Ih.:h lien hy, or defend enforcement of such lien in..
<br />legal pru\.'t:C'uwg.... \"hll..:h c:perJtt: \,l pn:\t:nt t~t' ~n!prcCrncp.t dt lilt: L~n ,_If torlcllure of {he Property or any part thereof,
<br />5. Hall:lld )ru"ulltn('e. 8oruy.....:! ...had ~ccp 11-1\' HlIpl'l'"H.:rfn:ot" rhlv. t:'h!lOg \lr hereafter aecled on the Property insured
<br />,ig~Jnst l\)'~"-,, h\_' nn~" haia,fd~ lOl.bdl.'\J ,.H:h,~1 t,fH..' :~ffH 't'_'-lellJ~d <';'~-L't,1~~': ;~nd ~lH;:h. Olh~r.?azards fl~ L~.n~er. may req~i~
<br />.iilu :n Slil..fl ,jtfh.lUlllS ~.niJ !,.'~ "<.l...n PUiti,.h ,I, ! t::HJt:1 n:~i} it.'\.fUI!<.', P1(1\ l\led, lnat L~ni.Jcr ",nail flOt reqUire (fiat: lnc amoUlu U(
<br />\w.'h ...,wn,'tge ~\~.:(('i tth.!l .jnh\,!i~i A ..,~q.'!-tt:.. :i.:qu,reJ [,,) p~t\ the .,Uflh 'c~ur\.'d i:-y ttll~ !\longage.
<br />The lmllfu.lh:,-"" ,,,,rper ;1{t1\lJll1g !nt.' 1ll."t" .;fl~t: ,h;di he <--1h)\cn b} HOrf\W.Cf ~UbJt-\.:1 tt1 approval by Lenuer; provided.
<br />thai ~lh:Jl appi:t)\ al ::.naH i,.)1 hi: ;,nn:d"-,-Hlctt,,!,,- \~ Uhhdd \0 rf~m~um... \~n In;;;llfanCC poiku:s shall be paid in the manner
<br />provlde~ i.lllJcr p,lugi.tph ~ helt'Ul ,'1. f1d p.!ld !l~ "1\.:h I1hU1!lcL b~ B,,'l[fower makulg payment. when due. djrectly to the
<br />1!1~uraIlI.:e ..:..:if He!
<br />~H IltMlJ.-1.lh.t. f-".;'1.1"'" _,nd It,'/lt'\\.H,, \:1>;:';\.', 1 >!J.U! j-,1.- 1i11~'!fl\ c,\,.\.(,:PI.lhk !~l I t:ndeJ dnu shall indude a standard mortgage
<br />,~lausc ,n L1\\'i "t ,lml -n :\lifll ,h.,,-TL:r'il.: ", j '.1,dc1 ! (!iJi..'i ..,Iud !l;1\C Ihe ilglH t;..\ !lllld {he policies ami renewals thereof.
<br />..I.nd 8{)rn'\\CI ',hd' !,f\~mp!i\ t\.ifn~"h :\' i ,--,!\dl.'~ "i' .....lll''-'.l! ~:..H!...t'~ ,lnd ,~;1 r:;"':'::lph ..)1 paid premiums. In the event of loss.
<br />"\"il"\\\\o('1 ..,b.,;; ~l\l' pllHllpi. ll\.'\ld: k the:' l!1~t.ll.llh.I.' ,,'.jf1a:1 ;.It"ai I i:nJ~, ! tndl'l mit) JHftke prout of loss it not made promptly
<br />hy B~"'rllm rl
<br />l.'nk~ j i..':,..kr ...n..! H\ljl\.''Io'l,I.'i 1'!!h.'jV,.,>.' ,ig!I."\: j i .'l!t!!l,!(. ll)"-l1i.tn..e- pf(~CCI.1, ~hail be ..tPlllied to restoration or repair of
<br />the Prupt:lt\' j.illL-I.g.t'd. ;1L1\;Jc"i ".....,:1\ l-'.;l>!d.th"':l d :<:P.ill h ,s..)l\u!llh.:.lilly !l'ihlftt~ and lht.' sc,;urity of this Mortgage is
<br />fh'[ ,heiei."1y !mprt~rt:d ! t ',lh. h : l.-"h'rdt(~ltl \-If ,..'pdH d r:;'! t:..'{\n,IIl1i1."I;I) It'd~lhk or tt Ihe ~1,:Ul'lty (If thIS Mortgage would
<br />hi; ,m~l411C'J. ~h~ ilhllfanl,;"t' ;~r\;":t'C:-'l.h "h'ld 00;; ,\j)plh,.'d (,-' In\.' <'UOh ~~..tllc:d b! this ~1l)rtgag~, \\lth the c'-cess, if any. paid
<br />h\ 8t..fjd'"l'=f II lhe Ph-'f<Jt\ .') "t>.'t~H.i,'nnj ~'" H...-tfr,'....Ci-. ,'I .1 HOHl)\A'cr !,lIb tl) tt;'~pond to l.~nder wuhin 30 days from the
<br />..laIC fh.."llh.'(' J.. ,iI.HkJ h\ Lt"!h:1~r h' H~'il,;\-l,c: ~i).-:d :h<: lfbUl~W":t' ..'"iner \!tiers!d :-dtk .llo.'l;tlm tor lI1surance henefits. Lender
<br />:~ ,H!-tth;n.~eJ :,\ _,,_';ki,..~ :.:nJ .;.p-pi~ to.; ,!1:..;.l:.t,,(.,' t'i~);';l'ed:. .l-! I C\IUa... \'ptItJI'l CHilcl to restoration l.lf repair i.)! the- Property
<br />\'1" ~(. lhc ~unb \c, iife..l ~'~ \IH\ \hjns.:t~..'
<br />L'nk";)..\ 1~'~1Ju ,wd B-l'IJ..n.\c-I ,.thn~j:-~ .:e;II..'C " "'ld;ng, ,:n~. ".....-11 .Jppil...,lliOfl ,1f pli....;t.'cds 10 pflnclpal shaH not extend
<br />\H p\.)~tp..1fll: :he Ju..' JJ.h: ,!t HK: ;j!....;tI1i\ In~[..!.i;m~lJh idern:d!,) p4.Ltgr<'ph~; .lnJ :! hert;;;...)l ('If .::hang~ the amount of
<br />~u..'h HI'ltai!m"nb.. 1: \__Hh.l~r rardgr.q)h ,1'i hercv! !hc !'r'\r<n~ J"- >i....~UdL'J l \. ! Clh.it;f. ~tll right. !HIe and interest of Borrower
<br />;n find 1\) J,I\:. inSLH..Hh.:t: r""'lh..,-;,:'-:' ,WU ." .1llU h\ :1-H: ft\l..:i:.:J" lOt.>iC,,11 tl.'':.>\1.l{jllg n\\ln ,L\llI~tsC I~) the Propeny prior to the sale
<br />,}r ~K-qUj3rtH,m ~haji pa~~ ll.' i ~HJCl !..' tilt' (:\h;Hl .'1 :ot::. ~\.!ln." 'lc\..urc"l f">\- ;hl') \h1) l~.i~t.' dnm\':...haldy prior w ~ui,':;h ~ale or
<br />iK~UJ&ith)n
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<br />b. l~~n.t.ioll l!nd .\laiJut:nann' ot' Propt.'rt~: i,.t>a..'''ftHM,; ('i1ndommium..; l'"tanued l;nlt Ue\-'elupmeIJls. BOlro~cr
<br />;.h~H ~t".;p :h..:: P-rf'pen~ m g:~}.:~..l r:.:-p.:Jf .:-nJ ~!1i:~1~ ~h)-( \..\HH.:!!! .,~ ;i:-.t!..' ,,'1 fie! !"n!t !fHfhW!n~!![ '.lJ" de!~n\_'r<tt!0!1 ~)f tbe Property
<br />.:tau ,h.dl d.lill.ph "~in-) the phl~l~h'i\.' ,d .--\11\ i~4~ :/H:. \h\!I~..I;'''' h ,In ;~ k,iM:h,liJ It lill'< \h)ltgdgc- IS \1fl ~l unit III a
<br />'-."...)fhJom.rhum ,.j " ~lannt'd li-nll ,k......;,..pllll.:nl, H~11J'-)..\U -.Iud ~~fh~l'l'l ,Ili ~lt H~Hro'<\l.'f ~ 1..'1l1Ig.Uam~ lillJt.'r the Jel'larat!oli
<br />I.'j l.o.....eu;\ob d".;:\tJ;\~ ,'II :h~ '_"IIJ.11:'I:)~'.jal "n:nt."J tinl: ,k'H.'h'pnh'nt lht, h~-l.l,^.... ,.llt.i rcglJial.ion~ of th(,~
<br />';-'llJVHlltl~<ht\ ,q pl~'Hn;.(~ 'lUlt ,-,,\. ,""::>UH",'; " I, .;,;,,',:1J~):;.:~~ .'~ ;~!~H::;CJ ,;~ j:..'~.",'h1rn::~n~
<br />rhi~I a. ('At:\.:uh::...i by lk.H(o\\Cl "'it! l~...\'.IJ~t.l ld~~Wt'. ",;In liwl' \1.-'11!'l-{l,g__.;' ;lJ.; d\\,;Il,Hlb ,.\.I\J ...!.,Mfccmt'.Ilb I_\} su~h [lder
<br />,hdll be mCLli:}xHitleJ ,nt',1 liHJ \[).ill dll11.:-mi ,llh~ ~uppkm{;1H Ih-l..' 1.;;'H.'11.1:fH~ ,11\0 a);ln:rnt:l1h d 1~1l:" M\l[i,g;;,g~ a~ II the ridel
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<br />"7. rnKt~t.kJ.tl 01 L..iMkr'\ ~(Ul.it). !! f-k'!"ii.l\\C-! !.uh 1, ;'t,;i I,'! ~~l., tl\l'l1i>;ll" .H\'; ,,~;'\.\"m("nts '-llIlL:Hlh,:d Hi thl'':
<br />Mo-ng,it$C, ,,~ ,f ""U}- .h,ltl,.m ,', f'h~::;('dtng~" l,nHHd\\.:cd ,\-hkJ1 n',lkfujl\ t!lc,-'h 1 '_'i'id-t'r'~ "H\"fl~,t m the Pn~p'eriv.
<br />;o".lu;Jing h"!..,r \;.,'1 hnHltu ',J. C'Hlln-enl Jnnlilln, '\~"('!'t:!\..\ .\.~k t"hhll'..~'!1I\'_[Jl .'1 .Hfuf'!l-cmeill"l ;~I j,n:l>l:t'n_img", IHv;.\lqng a
<br />hiink.:\.I~_'" ':i:\.,__~t:hi_ '(h'\; i, ,"d'.", .,: I t'~l"kl ,},;,;" ..:1..hUl..... '.u...h
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