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<br />84 --' 005803
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<br />UNIFORM COVl(N.\NTS. Borrower and Lender covenant ami. agree as follows:
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<br />I. Payment:,.tPrlnelpal and Inhlrest. Borrower shall promptly pay when due the principal of and Illterest 011 the
<br />indebtedn<,"' evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advanccs secured by this Mortgage.
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<br />2. Funds fOt' Taus au lDs_ce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of prindpal and interest are payable under the Note, until the Note- is pitid in fun,
<br />a sum (herein "Fun-ds~') equal to one-twelfth of the yearly taxes and assessmen!s which may attain priority over this
<br />Mortgage. and ground rents on the Property, if any, plus one-twelfth of yearly premium installments fllr hazard insurance,
<br />pju~ "..,-tweuth "f yearly !,remiwn installments (or mortgage insurance. if any, all as reasonably estimated initially and from
<br />time f(' rime hy Lender on the basis 'Of assessments. and bi1ls and reasonable estimates thereof.
<br />~ Funds_ sha!! be held in nn i~t!HHion t~ qefk)~it~ nr accounts of wilich are insured or guaranteed by a Federai ,or
<br />,tate "geney I including Lender if Lender is such an institution), Lender shall apply the Funds to pay said taxes. assessments,
<br />msurance premiums and ground rents, Lender may !lot charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and hills, unless Lender pay' Borrower interest on the Funds and applicable law
<br />permit, Lender to make such a charge Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest On ihe Funds shaH be paid iO Borrower~ and u.nl~s ~uch agreement- is made or appiicable jaw
<br />requires such inter-est (0 be paw. Lefiuer shaH not be iC'quired to pay 3oirower any :n!eres! or ~.a.mings, {"to the_ Funds,_ Lender
<br />!'ihaH gtve h'f Borrower, W!LflOUt charge. an annual accounting of the Funds. showing credits and debits to the Foods and tbe
<br />purpose tor whi{:h each debit to the Funds was made. The Funds are oiedl!ed as additjonai securitv f.or the sums secured:
<br />hv thie: Mnr-ra9iat" . .... .
<br />--, '''if ;h;'';;;';~~t of the Funds held by Lcnder. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, asscssmetlls, insurance premiums and ground tenrs. shall exceed the amount required to pay said taxes,
<br />assessments, insurance prp.miums and ground renl. as they fall due. such excess shall he, at Borrower's option, e.idWo'
<br />prc:n~Jy r~r::d. t~ S~!!~~e!' 0!' ~!e4!!e.ct 10- &~!T~W€'T on rnomhJv installments of FundS,. If the amount. of - the- Ftindl
<br />held hy Lender ,halJ not be sufficient to pay laxes. a,'Sessments, i~surance premiums and ground rents as . they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up till' ,l;,ii.cicncy within 30 days from the date notice.j" mailed
<br />by Lender to Borrower reque'ling payment thereof.
<br />Upon payment 10 full of all sums sccur:;d by th;; Mf"\ !},' ender sha!l ;>fompdy refund to Borrower any Funds
<br />held by Lender. If lInder paragreph IS he reo! ,he Property "'u or the Property is otherwise acquired by Lender, Lender
<br />shall apply. no later than Immediatd} poor to the ~aic of the Property or iis acquisitmn by Lender, ;.ny Fu~ held by
<br />Lender at the ume of application as a credit against the sums secured by th.. Mortgage,
<br />3. Applkatlon of Payments, Unle" applicable law promj", otherwise, all payments received by Lender under the'
<br />N~te ~!!rl ~~agr~rh'" ! f!DQ ? h~re-of ~aU be a~phed by Lender first in payment of amounts- payable to Lender by BOrrQW&!;r
<br />under paragraph 2 hcreof, then to mteres! payable on the Note. then to the principal of the Note, a..dthento inJereSt and
<br />prH1QP~ on any Furure Advances.
<br />4, Charg\!S; Liens. Borrowe! ,hJIl pay :Ill t;,.e,. ,,,,e;smonts ,md other charges, fines and impositions attributable to
<br />the Property which may o!tam a pr",rity ewer !lllS !'.lorlgage, Jlld leaseh"ld payments or ground rents, if any, in the IDlIJUlIlr
<br />provided under paragraph 2 hereof Of. It not paid III ,uch manner, hy Borrower making payment, when due,dire<:t!ytothe
<br />payee thereof. Borrower shall promptly rum"h to Lender all notices 01 amounts due under this paragraph, and in the event
<br />Borrpwer shall make payment dllectlv. !lormw.r shall promptly tumish to Lender re<:eipls evidencing such payments.
<br />Borrower !',haH promptly discharge any hen which has prioflty over this ~iortga8e; provided. that Bor:r-i:iwm- -"Sh~I not -be
<br />reqUIred to discharge any such Ilcn s" long iiS !lorro",e! shall agree in wnting to the payment oflhe obligation secured by
<br />such lien in a manner acceptable !(, Lender. Of ,haH in good faith contest such lien by, or defend enforcement of lIuch lien in,
<br />legal proceedmgs wh.ch operate to prevent the enh'rcemem of the hen or forfeiture "f the Property or any parI thereof.
<br />5. Hazard lnm........... Borro".r ,hall keep .he llnprovement' now e.i'lOng "r hereafter erected on the Property insun;Q
<br />against loss by fire, hazards mdudcd wlthm the term "e,tended coverage", and .!!ch other hazards as Lender may require
<br />and in such amOul1li and for sUl.:h penods as- lender ma.y require; provided. that Lender shaH not require that the amount of
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<br />such ~~e_r~~~~.:::e~_:::~t_ a:.;~~~~~~~ ~~\i~:~~:".r:::u~:~Hl::~t the ~ums secur:d by t~i~ ~to~tgage. _ , .
<br />-l UiP IU.,....UU-.l...'" ..au ....~ ,fro 'VH".uU5 u~.... ..-H"'" _..,,_ ........... ~~~ ~ ..~!"!! by ~(\!'!"~''''' er ~ublect to approval by Lender;. pt'ovtdeidt
<br />that .uch approval ,hall not be unreasonahlv .....i,hheld. t\ll prenllums on insurance policies ,hall be paid ;nlhe manner
<br />provided unde.r p~ragaph 2 hereuf Qt. ,i n"l paId in ",cn manner, by lI"rrower makmg payment, when due, directly to the
<br />iO'$Urance carner.
<br />AU insurance polICies and renewals there~)t ;-,h3.il be in form ,;acceptable to Lender and shan include a standard mortgap
<br />dause m favor of and in form acceptable to Lender. Lender sh:.ll have the TIght to hold the policies and renewals th<ilreof,
<br />and Borrower ,hoil promptly fllrm,h to Lender all renewal nOllces and all receIpts of paid premium,. In the evenl cf J()SS,
<br />Borrow"r shaii g!ve prompt notice lO the Insurance carner and Lender. Lender may mak.e proof oi loss if no. made proinptly
<br />by Borrower,
<br />Uniess lenrie-r a.na .iiorrowcr O{,nerw!se agree Hl wrliiug. IH~tiriif.fl~~ prccc;;-ds ~haH be ~ppHe!! ~o r~!-~or~don or ~Ar of
<br />'he Property damllll'eO. pmv;<led ,uch re.waf1on or repair" economically feasible and Ihe security ilf this Milftgi&e is
<br />not thereby impaued. It such re'toratmn or repa!! IS not ec"nomicaliy teasible or .f the security of this Mortgage would
<br />be impai:red~ th= insuran-'"'-e proceeds shaU he applied to [he sum_s secured by this Mortga~e. with the excess, if any, paid
<br />to Borrower. If the Property" abandoned bJ Bmrower. or It Borrower tails 10 respond lO lender within 30 days from the
<br />dllte notice is matled bv lender to Borrower ThaI the insurance carner offers to settle a claim for insurance befldilll, Lender
<br />" authonzed to collect and apply the m.urance proc~s at Lender's optil>n either to restoration or repair of the Property
<br />or Il> the sums secured by this Mortgage,
<br />U~ u:n~ and ~rrnw~! !,.\th~!"~.~ :!g!"~ if! U"fttmg; any such application of proceeds to principal shall not extend
<br />or pQItpOoc the due date oj t~.., momhly install!Mnts referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments, It under paragraph is hereof the Property i. acquired by Lender, all right, litle and interest of Borrower
<br />in and to any !!1$urance policies and 10 and lD the proceeds thereot resulttng from damage to lhe Property prior to the sale
<br />or acquis,tion ihall paIlS to Lender to the extent of the sums secured by Ihts Mortgage immediately prior to such sale Of'
<br />acqw8tbOn,
<br />.. .................. Maiateauee of Property; Leaseholds; Coodomlnitnns; PInMd Unit l>evdop__ Borrower
<br />!!>.!!!! kMl" f~ p~ in good repair and shall not commit waste or permit impairment 9r deterioration of the Property
<br />~ at-~: -.:.v~, ~:~~ ~~-r-~::~=' {~! ::""l}' !e~ !! !h!5 ~!~!~~L?e t'i on a It:asehold. If thiS Mortgage is on a unit in ..
<br />c~tum or a pianMd u~" development, Bnrrower sball pertorm all of Borrower's obltgation. under the declaration
<br />or co_a creAung or govemmg lhe condominIUm <'f planned unit developmenl. the by.laws and regulationa of :he
<br />coodominium or plumed unit development, and cOIl'lilUent documents, Ii a condominium or planned 1I00t development
<br />r:~ !! 0Me\!ted. by 8orr_ and l'eCorded tOC"lher "lilt IhlS Mortgage, tile covenants and lIgrIlCttlCttts of s~ rider
<br />m.n be I~ into and shall amend aoo supplement the covenants and agreements of this .Mortgage lIS if the rider
<br />__ It part hem1L
<br />7. t,..i-~ of ~'~eri!:. If Borre",...r laih to perform the COVefi!lllts and allree1'tleftb contained in thi.~
<br />~. or if ldlY actim or proceedins " commenced whll.'h materially affects l"nder's "'_ in the Propel'tY,
<br />~. but Ik'lt hmiled to. """nm! domltm, int<llv"u..-y, cod;> enlofCement. or arrangements or l'~ invnlviRlll
<br />baltkrufl'l or~, then lender at Lwdu', "ption, upon nouce ." Borrower, may make .uch llppe.aranCAl$, dIsburse SIlCIt
<br />__ lQtG tal.#.udt ..."tlOU as IS ._"w.ry It,> pr<lux:t Lender'. IOICfest, ....cludlfii, !>ut n,1( limited 10. Ji.burscmtmt of
<br />r_able ~lfinlIlY'. l_ and Miry upOn .he P!'llpo.ny 10 milke lepau, It tcnder required rnort!l'll!'e insurance tIS "
<br />c<>t\<I"knI M makilt. 1M lolln ,,",,"I"''' try thi. M 011 iiil!e, n.-',ww<r .hall l'aV lhe p....'fttillll'" reqUIred tn maintain suclt
<br />i~r.nce in e~t undi ~uch li~ all 1~- W--.fuite:tntflt f{)f 'Hl~n lM-tJr-mct: If'.rmioatt.$o in 3GconiAlW'C w,th Bur"\Wf:f'~s and
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