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<br />U!'HFOR!\-! COVf'!'-i ':'-!T~. HOffD'!...er .loa Lem..!t:; c0Ve!"!~nl :.:.r:d agree :.:~. fol!ov..~
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<br />1. Payment of Prindpal and Interest. i.h1rrower shall promptly pay when Juc the prmcipal of and II1tcrcst on the
<br />indcbtednl.....s eVidenced by the Note, prepayment and late charges a~ provided 111 the Note. ,1fId the principal of and interest
<br />on any Future Advances secured by thi~ Mortgage.
<br />2. Funds for Taxes and rnsuran...., Subject to applicable law or to a written waiver by Lender, Borrow.r shall pay
<br />to Lender on the day monthly installments of principal and Interes.t are payable under the Note. until the Note IS paid in full,
<br />a sum (herein "Funds-H) i.:'qual t<) onc.twdfth of the yearly ta~e$ and assessments which may attain priority over this
<br />Mortgage, and grf'und :ents or: the Properrj, jf any. plus onc-tw.dfth of yearly premium InstaUments for hazard ii15iii"ai"iCe.
<br />plus one-twelfth of yearly premium installments for mortg'lge Insurance, If any, all as reasonably estimated initially and from
<br />time to time hy i...endef lJ!i the baSiS of as.sessmems. 3nd blils and reasonable estimates thereof.
<br />The Funds shaH be held in an Institution the deposits or aCcollnts or which are insured or guaranteed by a Federal or
<br />'tate agency I including Lender if Lender is such an institution), Lender shall apply the Funds to pay said laxes, assessments,
<br />lflsurance premiums ~lnd ground rents. Lender may not charge for ~o hoiding nnd applying the Funds, analyzing said account.
<br />or verifYing and compiling said :!Ssessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />p;;:rmii5 Lender to make such ~ ::.:harge. B!}ffOWer a~d Lender may ~1gree in wnting at the time of execution of this
<br />Mortgage that interest on the Funds. ~hail be paid w Borrower. and unless .such agreement is fllade ut a9pHcable law
<br />requires such interest 10 be paid, Lender shall no! be required 10 pay Borrower any mlerest or earnings on the Funds, Lender
<br />"hall give !{) Borrower, \\'ftholJt charge. .in annual accounting of the Funds showing credits and debits to the Funds and the
<br />p.urpo~c tur \,-'hu.:h e.1.ch debit to the Funds V;<.::~ made. !he Funds are pledged as additional -security for the sums ~~ured
<br />by this Morrgage
<br />If the amoun! of tbe Fund, held by Lender, logether with Ihe future monthly installments of Funds payable prior to
<br />the due dates tA taxes, as_scss.menlS. insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />...t~s'cS3menL,,_ lO~uram..:c premiums anu ground rents as (hey faU due. ~uch c:\t:css shaH bt:. at Buflower's option. either
<br />promptly repaid lO Borro\\er Of credired to H(,rrower on month IV .1~Hments of Funds. If the amount of the Funds
<br />held by Lender ~hiiH not De suffie-ient to pay taxes. as.~eS~3inefHs ,;, e premlums- ''ld ground feUt;, as -they fan due:~
<br />Borrower sbaH pay to Lender any amount ne-ce:,~ary 10 make "e ~H:.;1';~ ~y w-ithlt1 30 days from the date notice is -m~i1ed-,
<br />hy Lender to Bo-rrower requesting i)aymcnt Ihel'~,/f
<br />Upon payment In fllll pf all sums secured by thIS Mortgage, Lender shall promptly refund 10 Borrower any Funds
<br />held by Lender. If under paragraph Pi hereol tbe Property IS sold or the Property IS otherwise acquired by Lender, Lender
<br />shaH apply. no larer than :mmedi:lte!j' prior to the :,ak f'if the Pro?'~rtj" Oi irs a.cquisitinn by L-~-er; ~ny Ft.~ be!d<-_by-
<br />Lender at Ihe time of application as a credit against the sums secured by this Mortgage,
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs i and 2 hereof shall be apphed hy Lender fiN lB payment of amounls payable to LenderbyBorrowet'
<br />lInder paragraph 2 hereot then 10 m!ereS! payable un the Note, then to Ihe principal of the Note, and then to interest and
<br />pnnclpal on any Future Advances,
<br />4. Cbarges: Liens.. Borrower shJ!l pay ;dl !~tXi;:;<;'. .lssessrncnt!) ;lnd other ("hargcs-, fines. and impositions atlfibutabfe',:tQ
<br />Ihe Propeny which may ,,"ain a p,writy "vcr thiS Mortgage, and leasehold payments or ground rents, if any, in the_
<br />prOVided under paragraph 2 hereol or, ;f not p:lld :n such manner, by Bormwer making payment, when due; directly 10 the
<br />payee thereof. Borrower i-n;lil promptly turm'.!h tll Lender ail notICes ur amounts due under this paragrapb~ and-in .the._e~
<br />Borrower ,hall ma.e payment Jlfectl;. Borrow,'r shall promplly furnish to Lender re\:eipts evidencing such paymell!S,
<br />Borrower shaH promptly discharge anI' ,,"n which has pnonty "vcr this Mortgage; provided, thai Borrower shall not be,
<br />required to discharge any such hen ~o h.1ng 'IS Borrower shall agree in wrIting to the. payment of the obb.gation $eC_ured_,'by
<br />such Hen In a manner acceptable to Lender, OJ ...hail in good faith ~ontest such Hen by~ or defend enforcement of su~b_~,in,--
<br />legal proceedlllgs which operate t\.l prevent the entorcement 01 ,he hen or forfenure of the Property or any part thereof.
<br />5. Habl'd InwranC'e~ tlorru\.\oer ~hail keep ihe Imprn\'eme-nb now c:(i:-"iing Of hereafter erected ot'"\-the -Property insur-Cd"
<br />againsllo~s: by fire. hazards indudcd wlthm rhe term "(,,tended cover;-igc", and such other hazards as Lender- may-require:
<br />and H1 sHch :1""l'l,)I_l!H~ ;~i1d h-,r o"u>,;:o ~no~.j.s i.t>f. I, endl:r n!~y require: provide-d. that tender shaU not require that the-amoUllt-of.
<br />su'Cn \.-Ovffage e,\cCl:"d that arf'4~un! ,-\t ":-{H:erag-t; re.qUlreo h'l pay the sums s.ccured by this Mortgage.
<br />The msurance carrier providing the insurance shaH be chosen by Borrower subject to approval by Undc~' p:cv~,
<br />thaI such appro\'al shall not be unreasonably wl!hheJd, All prenllums on insurance polil:ies shall he paid in the manner
<br />provided under pardgraph 2 here"f or. 1I llnt ;Ja,d HI such manner, by Borrower malung payment, when due, directly to the
<br />insurance carner"
<br />All insurance rlOh\.:le~ and rencwah thereof :-.haU hi:': ~n form ,;~...'cep!::!b!e to Lem!--.:r ~nd shaH indude a standard mort..
<br />clause in favor ~"tt and in form acct:ptable to Lender. Lender shaH have the right to hold the policies. and rene:wels -th;zr~.-'
<br />and Borrower ~haJ; pro-mpIl)'- fUflHSh h1 lender all renewal noH('~s 1:t~:.! a~} ioCteipts of paid premiums. In the eveaL-ofJo$S'l
<br />Borrower shaH gl'\ie prompl n~!i~e t~l the m~ur~mce ,,:arner and Lender. Lender may make proof of loss if not made- promptly
<br />hy Borrower,
<br />Unless Lender and Borfllwer ntherwI'" agree in wlllmg, msurance proceed~ shall be applied to restoration or repair of
<br />the Property damaged, provl(led such re.torall"n or repair's economically feasible aod,the security of this Mort.apis
<br />not Ihereby ;mpau-ed, If such restoraUon or repair IS not economically !casible or If the security of this MOrtlaae wou14
<br />be impalled, ,he !Osmance pro.:ceds shall be applied to the sums "'cured by this Mortgage. with the exc_, if any, paid
<br />to Borrower If the Property" abandoned by Borrower, or It Borrower fails 10 respond 10 Lender within 30 day, from the
<br />dale notice lS maHe<i by Lender to Borrower that [he insuran~e carrier offers tQ senle a dal.m for im..urauc:e benefits" Lender
<br />" aUlbOflled to collec! and apply the !O.uranee proceeds at Lender's option either to restoralion or repair Of the Property
<br />or to the SUllls secmed by this Mortgage,
<br />Unless L...nder and Borrower mhe",.sc agree In "'"ting, any such applicatioo of proceeds to principal shall not e\l.tend
<br />or postpone the due date of the m()nrhly in,taHmentt.; referred iO jn par3-!raphs i and 2 hereof Or change the amount of
<br />such lDstalimeflts. If under paragraph 18 hereof Ihe Property is acquired by Lender, all right, title and intel'ClSt of Borrower
<br />in and to any Insurance policies and 10 and to lhe proceeds thereol resulting from damage to the Property prior tn the Illle
<br />or a<:'iw..t,on >.hall PM' to Lender 10 the exteltl of the sums secured by this Mortgage immediately prior 10 such sale or
<br />~ui$ition,
<br />6. l're.Jenation aod MaiIIlenasce uf !'ropert}'; L.aseholds; CoodomiRlulII5; ......ned UIlit Dcvelopm.e.b, Borrower
<br />shall keep the Property in good repair and snl!J1 not commit waste or permit impairment or deterioration of the Property'
<br />arid .hltll c<lmply with the pro\'lSlons 01 any lease If thIS Mortgage ;s on a leasehold, If this Mortgage is on a unit in a
<br />condomiuiunl or a planned unit development. Borrower shaH perform all of Borrower's obligations under the dtderau<:m
<br />Of ~t.lYellant$ creatu}. Of guvern'llg the cOndOtlUfilUm or planned lImt development, the by. laws and regulations of the-
<br />t.:ondorninmm -Of pianned un1i development, and CooMltuem d()('uf~n!s.. ! f a lo.'onu-ominiunl or planned unit development
<br />rtde.r IS ll>\ec,,~ by' Borrowu and rec.orded togelhe' Vdto IhlS Mortgage, the cOVenants and agf"ments uf such rider
<br />shall boo in<4lfp<:!l'JOled ultO and shall _ead "nd supplement the cOVenants and agreements "f IhlS Mortgage ," If lhe rider
<br />were a pa.rt hllleof,
<br />,. ~1Ioa of Lelllkr', s.....rity. If Borrow", falls to pafofltl the covenallts and agreements ccmtained in this
<br />Mon."." or if 1I.I\y actlOt1 Dr proceeditlll " comme,,,,e,j whICh materially .ffeets Lender's interest in lhe Property,
<br />l-n-cl:Od:1fil. m-u not limited t(l~ enuoont domain, inw!vem.:y, cl,:w:le e-nt'orcemt-rtt, or arrangements- 't)r I'.'foceedingi ill\'olvinc #-
<br />btlnknJpt >.;1-( ~i<"-cdcnt lheu Lender at Lenuf"-t', t.)pu;:m, llt)t.}Q tlOOCC h" Uorri)w~r, m~\ m~ke :m-..:h a_ppearl'ln~, disburse s-w,,',:h
<br />'u.tn~ .-00 tAke- ~v,t;h o\:.itUn .>l.'.i f,"j. Jl~\'-~"4f)' h:) pt(.~jli\':i LeiuJei''li ;nt'tt~i. !nt:Judmg. bUt .l;t)t frm.!UHi l..,J. -d_\ii~ni~~in~'i In
<br />fi;-A.~.hl~ otHot'OO) 'il k'1ltl -i:J.i1i1 .:~Hr)' O;:KIU ~h'C ProptfIy i-(~ ..n.jl;L~ 1t::P;'iif:< If Lendcr r~'~tHr~u mt.''f-Hgage In'i\.Ur~nc-e as ,t
<br />\~:;'!Mh~:H}n nt m3lH~g the, In.<< ~LtftSJ h) rhpi M~ll!g-\,tg-t', llof-,lp\oii-Cr r;:haU pay lhe j3HLrnlu-nls reQuHcd to rtullnt.u.in 'Su\,:h
<br />nl"H~tU::o!) ~n dltxt un~il '!ou.,;..h tim~ ~_~ the l'~'''4\i-uf'n}.e.ilt f1i.)l \.\.lJ,...h 1j"t1i.ttfafl4:e ({'HTIil\a!c\ !f! l'tCj.;(1-rd1U1C~ wan R\;)r-r'l1,,""'ef\ and
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