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<br />, '84-005~?ll
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<br />UNI/'ORM ('OVEN.NTS. Borrower and Lender covenant an<!, agree as follows:
<br />I. Payment of PJ;lndPaIIUId I.....rest, Borrower shall promptly pay 'when due the principal of and inlerest on Ihe
<br />indebtedrillss evid;in~iijythe Note, prepayment and I.te charges as provided in the Note, and the principal of and interesl
<br />on any FllIuTe Advances secured by this Mortgage.
<br />%. Yantis fOl' Taxes 1UId.1RAm>uu. Subject 10 applkable law or to a written waiver by Lender. Borrower. shaUpay
<br />10 Lender on lhe day monthly in>tallments of principal and interest are payable under the Note, untillhe Note is paid in fuU,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly t.ax"" and assessments which may attain priority overthls
<br />Mort~, and ground .enls on the Property, if any, plus ooc-twelfth of yearly premium installments for hazardinsuraMe,
<br />plus one-twelfth of yeady premiumiostallmentsfor mortgage insurance, if any. all as reasonablyestimated.i..itially andJiOm'
<br />timeta lime by Lender on the basis of assessments and bills and reasonable estimates thereof,
<br />The Funds shall be held in an institution the deposils or accounts of which are insured(!r guaranteedbya.Federal'!'l'"
<br />slate agency (including Lender if Lender is such an i"sIitution), Lender sball apply the Funds to pay saidlaxes;assesstnents.
<br />insurance premiums .nd ground rems. Lender may nol charge lor so holding and applying the Funds, analYZing said account.
<br />or verifying and compiling said assessmenl& and bills, unless Lender pays Borrower inte~on the Fondsand.app!ieable'law
<br />permits Lender to make such a charge, . Borrower and Lender may agree in writing at the time of ellccutionofctbis
<br />Mortgage that interest on the funds ,ball he paid to Borrower, and unless such agreement is made orappliCliblel;lw<
<br />requires such interest to be pa;d, Lender shall not be required 10 pay Borrower any inlerestor eamings.nntheFundKLellder
<br />,hall give 10 Bormwer, without cbarge. an annual accounting of tbe Funds showing credits and debilstothe.Fl!ndsand1!te~,
<br />purpose for which each debit 1<0 the Funds was made. The Funds are pledged as additional security for the sums seCured.
<br />by this Mortgage.
<br />If the amount of the funds held by Lender, logether with Ihe future monthly installments of Funds. payable .prior'to
<br />the due dAtes of tall"", ......ments, insurance premiums and ground rents, snail ellceed the amount required to pay said talU:S,
<br />assessment<. lOsurance premiums and ground rents as they rail due, such ellcess shall. be, at Bo\Yowe.r's opUlln, , eithClr
<br />promptly repaid to Borrower or credited 10 Borrower on monthly installment. of Funds, If the amount of the Funds,
<br />held by Lender shall not be sufficient to pay lalles, assessments, insurance premiums and ground rents as they: falL due; , .
<br />Borrower shall pay 10 Lender any amount necessary to make up the deficiency within 30 days from the date notioalsmailed:
<br />by Lender to Borrower requestlOg pIl)'nlent thereof.
<br />Upon payment III full of all sums secured hy thIS Mongage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph Iii hereot the Propenv is sold or the Property is otherwise acquired by Lender. Lender
<br />shall apply, no la,er than Immedia'ely pFlor to the ,ale of the Property or irs acquisition by Lender_ any Fund5 held by
<br />Lender 011 the lime of application as a credit agamsl the .ums secured by th,s Mortgage.
<br />3. Appti€llU.... of Pay...,..... Unless apphLable law prOVIdes otherwise, all payments received by Lender under the
<br />Nott: and pata8nlpns i and 2 hereof shaH be apphed by Lender first in "t'Ucnt 01 amounts payabJe to Lender by Borrower
<br />under paragraph 2 hereot. ,hen to Inlerest payable on the Nate. Ih",,, C principal Of ~he Note. and then to interut and
<br />prmclp&t on any future Advances.
<br />4. Cbarps; I.Jeas.. Borrower shaH pa.y i.dJ I.i\t"...... ~i;.,~es.smi.'nt~ and other ~.'hllrges. fines and imposit.ions attributable to
<br />the Property which may attain" pnonlY over thr.' Mongage. .nd leasehold payments or ground renls, if any, in the mtulDllr
<br />provuled under paragraph 2 hereof N. ,I nol p,,,d m ,uelt manner. by Borrower making payment. when due. directly to the
<br />payee ttwreof. Borrower shall prnmp'" f UTnI>It to Lender all noUces ot amounls due under Ihis paragraph. and in the ewmt
<br />Borrower shall Olue payment dlTcclly. Bornmer ,hall ('",mplly lurntsh 10 Lender receipts evidencing .uch payments.
<br />Borrower shall promptly discharge any hen "hich has pnonly ,wcr thIS Mortgage: prOVided, tbal Borrower shall not be
<br />required 10 dIscharge any such hen '0 long ;ts Borrower shaU agree. in w"llllg to Ibe payment ollhe ohligalion secured by
<br />such hen 10 a manner acceptable !O Lender. or .;,hali in go\)(j f;.llth r"mte"-t su\;h lien hy, or defend enforcement of such lien in,
<br />Iqai proceedIngs whIch operate'" prevent thc enforcement 01 the hen or forfellure of the Propeny or any part thereof,
<br />S, Hazard 1_". !:Iorrower shall keep Ihe ,mp""emen" now ..i"ing or hereafter erected on the Property insured
<br />against loss by tire, hazare. mdlKled wlIhm the lerm "extended coverage", and slIch other hazare. as Lender mt.y require
<br />and in such anmunu and for su~h penods as Lentkt may require; provided. that Lender shaH not require that the amount of
<br />such c-O~rage -exceed UU\( amount ~.1f ('overag~ reqUired hJ pay lhe !iums secured by this Mortgage.
<br />The lIl.oranee camer providing the IIlsuranc.: shall be (h""," by Borrower subjeCt 10 approval hy Lender; provided.
<br />lhat such appcovai shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />proVided under paragraph 2 herroI or. if not paid III sllch manner, by Borrower making payment. when cue, directly to the
<br />lnSUraoce carner.
<br />i\ii insurance poh..;~ and rent::'"als. thereof ,haU ~e In furm oll.::ceptab-It to lenoer and shaH inciude a standard mortgase
<br />clause 111 favor of and m iorm acceptable to Lender. I.ender shall have the rigbt 10 hold the policies and renewals lhereof.
<br />and BOt'F1)wer shall promptly furmoh to Lender aU renewal notK'" and all recelplS of paid premiums. In lhe evenl of 1055.
<br />8Ot'rower shallgl". prompt notICe 10 the m.urance camer and Lender. Lender may make proof of loss if nol made promptly
<br />by Ilonower,
<br />Ur-Jesi Lender and Bont.'-"e:i omervn)C _Sfa: in "" ritH'i#; ins'Of dn~C pr..-x-:eeds .shaH be applied to resto~'.tion or repair of
<br />tlwt Property dama,ed, proVIded such "",torallOn or repaIr IS economIcally leaslble and the security of this Mortgage is
<br />not thereby impaIred. If such re"orauon or tepalF IS not e(onomically leasih!e or II lhe seeurlly of Ihis Morlgage would
<br />be impaired, the Ill$uratk,'e ploceeds .hall be apphed to the surns secured hy Ihis Mortgage, wllh the exc.::.., if any, paid
<br />to Borrower. If the Property is abaod,'ned I>y Borrow.::r, or It Borrower lails 10 respond to Lender within 30 days from the
<br />dAIte llOtice 1$ mailed bv Lender I,' Borrower thai th.: mSUl'lln~e carner offers 10 seltle a claim for insurance ben..fils, Lender
<br />is autboriuld to coiled and apply lhe insural",e proceeds at Lender', option ellher to restoration or repair of the Property
<br />or to the sums secured by lhis Mortgage.
<br />Villas Lender and Borrower otherwise agree 10 \\FIImg. any such applicalion of proceeds to prmcipal shaH not extend
<br />or poatpOne the due date of the monthly instaUments referred to in paragraphs I and 2 hereof or change the amount of
<br />such inualltnMts. if u!)der paragraph 18 hereof the Propert)' is acqUired by L~nder. ill! right, tide and it"te~t of Borrower
<br />In and to any Insurance pol""'" and in and to the proceeds thereot resulting r rom uamage to the ProperlY pFlor to lhe .a;e
<br />or acquWUOl\ ,baH paIS to Lender 10 the exteot of Ih.. SWIlS se~ured by' this MUrlgage immedialely pFlor to .uch sale or
<br />acquisition.
<br />6. ~... ~ of l't1lpetty; btiUokls; COlKio8liollll""'; Platuted Unit Iltnlopmellltl. Borrower
<br />sbaIl keep lhe Property in good repair and ,hall not commit waste or permit Impairment or det..rioration of the Property
<br />and $ball COIIIply with the proviswno of any lease If thIS Mortgage IS on a leasehold. If Ihis Mortgage is on a unit in a
<br />c~ or a plaJU>ed unit de~!cpment. Borrower shall perform aU oi llorrower'. oblIgations under the declarlllton
<br />e.c ev_ creallnll of ll<WillJlJfiIl the condomlOiUln "r planned unll de"elopUlent. the by-laws and Feiulalions of the
<br />coodomintw:n Of piaaalld unit dcveIopment, and constituent documents, If. colldommium or planned tlllIl development
<br />r. Ii -....l by &or.-and fOCOnilId topthcr willt thIS Monaage, tbe covenaau and "3fC"ment> oi .uch rider
<br />ohaU be ~ ilIto UId abaIl UlIOIIG and l\lPpie_ the "OVenants and a.reements of this Mortllage as If tbe rider
<br />_ ..!*thereof.
<br />1. ~.c........ Seuril:v. If Borrower f.ils l\l perform. the (ovenants and agreements contamed in this
<br />~ ". if qy. ..lldion. \'llP. tOCCedin& .'.' comme:. 'na!d. .Whi~h . ma.tnially affects Lender', ,nten:st in lhe Property,
<br />i~ b<t1 ..... ~ to. __ domain. in!l(>jvtmt;y, ~... eni"f<<!flllltll, or .r~lls "f pFl-.ceedinp Ift~olvina .
<br />MakN\ll 0< ~l. 1* L...... at Lcmkr". option, upon noll<< to o,~rrowet. may moke .uch appeararn:es, di.buroe such
<br />...... .... t_ Ndl. lICtico ... to -.ry to pr_1 I........... ,m"f\!flt, uo:lttdtna, but not !tmiled t", dl:<b"IWmeut of
<br />.fto~ au__"$ f~ 4:.Jtd ~~'Y u~ t~ PfPpe'-l-f)' to' mak.f' f~paif~ H Lender required nk)rtlagt.: hlli.unUJi,.'4: ~\'S ;l
<br />c<mCktioa .,{ l'lWiull1 ,Ile Iot.tt ,"'1Ulld by thlt Mot'l... Bofro"er .haH pay lhe I"r~nm\l'm r~ulted I" ",.illlain ,u~h
<br />~..... ~ff -ek't imt>>' .$:!.h:b fi.. Ii\ the rt:q-Uitctnt-m for iUCh lfl:f.l.if.tnCt: l-efminatrs m acct:ndaf\t...'<(: Ih'lth 8{)frf\Wer'~ and
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