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<br />UNIFOftM COVENAN'tS. Borrower and Lender covenant and ng:ree as follows:
<br />1. PIlyJIleat of PriDdpalIUlll ~rest. Borrower shaii promptly pay when dt.e the principal of and interest on the
<br />'~tMness evidenced hy the NOle, prepayment and Jate charges as provided in the Note, and the principal of and interesl
<br />on any Ft..tW.ie AG....an~ ::-ecu~ by this Mortgage.
<br />Z, F1mcls'or Tans amI~. Subject to app:ic:>!>!p. law or to a written waiver hy Lender. Borrower shall pay
<br />10 Lender on the day monthly installmenls of principal and interest are payab!e u!1der Ihe Note, until the Note is paid in full,
<br />a sum (herein HFuilds"') equaJ to one-twelfth of the yearly taxes and assessments which -may attain pricritY_ .o\'er -.this
<br />M-Ortgage-. 'and ground rents on the Property~ if any, plus one~tweifth of yeariy _pj'erfiiuul' instliliilKnts for hazard insur:nce",
<br />pJus one.twelfth 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 <5timales thereof,
<br />The Fm'tJs shall be held in an instilution the deposils or accounts of which are insured or guaranteed bya Federalor
<br />s!ale agency (including Lend", if Lender is suchan institution!. Lender shall apply the Funds to pay said taxes, assesSments,
<br />in:~"1!nce ptcml1!!!1s a.."1d ground rents. Lender may noi ~harge f()r so holdi,ng and applying the Funds, analyzing said account;
<br />or verifying and compi:'i::; ~~jd assessments and bms, unless Len<ier pays Bor.ow~r interest on ine Fundi) Iind. aj.iptica~-law<-
<br />permits Lender to make such.a charge. BortGliir~r and Lender may agree in writing'at the-"ti.n:!~-'of' cx.ec-.:t:tm-..of .tb.~
<br />Murtgage that interest on t~ Fund; shaH be- paid to BCn'Ower, and ~!!!ess !lilien agr~meo:t i.; madeA)r. appJicable'-.Jaw.
<br />!'-e-q!!i~ Si.JC!~-i~terest to be pajd~ Lender shall not be required' to pay Borrower any interest or a~mh~~ on ~: ~un~.. ~e~de~
<br />shall give to Borrower, withoul charge, an annual accounting of the Funds showing credits anddeblls-to tllerunds and- the-
<br />purpose for which eacb debil to the Funds was made, The Funds are pledged as additional security for the s!,ms seCured
<br />by this t;.fortgage.
<br />If tbe amount of tile Fur.ds held by Lender. togelher wilh Ihe future monthly installmenls of-Funds_payableprior.to
<br />the due dates of taxes. ~..8ments. insurance premmffis ~nd grQund.rents. shaH exceed.the:amoDnt'reqwredto.paY"sai(l'~~~;'
<br />assessments, insurance premiums and ground rents as lbey rail due, such exee.ss shall. be, al. Borrower'. option,. eitber
<br />promptly repaid 10 Borrower or crediled 10 Borrower on monthly installments of Fund.. If Ihe: amount of!rn,.F!,!~c
<br />held by Lender shall nol be sufficient to pay taxes, assessment', ;;~ -Ice. premiums and ground. rents as. they. fall due;
<br />Borrower shall pay to Lender any amount uec~sary '0 m,k" OJ,, t~" Jdbency wi!h!" -" days from the dale notice is mailed
<br />by Lender to Borrower requestmg paymem thereof.
<br />Upon payment in full of aU sums secUtcri by this Mongage, Lender shaH promptly r~'fund 'to BorroweT__-afiy-:-:.Fi:iil~
<br />heJd by Lender, If under paragraph 18 hereof the Property IS wid or Ihe Properly is otherwiSe acquired by Lel>der,Lendet
<br />shall apply, no laler than immedia~ely prior to Ihe sale of Ihe Propcrty or ils acquisition by Lender, any FUllds held by
<br />Lender al the time of application as a credil againsl Ihe sums secured by this Mortgage.
<br />3. Ap~~ of Payments. Unless applicable law provides otherwise, all payments received by Lender llnder.the.
<br />Note and paragraphs laud Z hereof shall be applied by Lender first in payment of amounts payahle to Lender by BorroWer
<br />under paragraph 2 hereof, lhen to interest payahle on Ihe NOle, then 10 the principal of Ihe Note, and then to interest.nd
<br />principal on any FUIUte Advances.
<br />4, CItarg&; Liens. Borrower shall pay all taxes, .ssessments and olher chargcs, fines and impositions attributable to
<br />the Property which may attain a priotilY over this Morlgage, and leasehold payments or ground rents, if any,in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. when due, directly to the
<br />payee thereof, Borrower shall promptiy furilish to Lender all nolices of amounts due underlhi. paragraph, and'in the event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments,
<br />Borrower shail promptly discharge any lien which has priorilY over this Mortgage: provided. Ihat Borrower shall not be
<br />requLr-ed to a!scharge any such He!! &.) !0!!g as B(~rro~@!" shaH ~grc~ in writing to the payment of the Obligation secured _by-
<br />such Ii.." in a manner acceptable 10 Lender, or shall in good failh conlest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcemenl of the lien or forfe,lure of the Property or any part thereof.
<br />5. H-.lIIISlIJ1IftU. Borrower shall keep the improvem<:nts now exisling or hereafter erected on the Property insured
<br />against 10.. by lire. hazard. included withm the term "extended coverage", and such other hazards as l..ender may require
<br />and in such amounts and for such period, a' Lender may require: provided, that Lender shall not require thatlhe amOUnt of
<br />such coverage exceed that amount of coverage reqUIred to pay Ihe sums secured by this Mortgage,
<br />ine insurance carrier providing the lnsurance shaH De cno:'jt:o oy Du-ffvwi:i ~i.ihj~i:t tv 4ip:y=-Vv:,! by -t--nde!; ~!'!:w~
<br />that such approval shall not be unreasonably withheld, All premmms on insurance policies. sball be paid in the manner
<br />provided under paragraph 2 hereof or, ,f not paid in such manner, by Borrower making payment. when due, directly to the
<br />insurance carrier.
<br />All insurance policies and renewals Ihereof shaU be in (orm 'lcceptable to Lender and shall indude a standard mortgage
<br />dause in favor of and in form acceplable 10 Lender, Lender shall have the righl to hold Ihe policies a~c renewals thereof,
<br />and Borrower shall promptly furnish to Lender all renewal nOlices and all receipls of paid premiums_ In the event of loss.
<br />Borrower shall give promplnouce 10 the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unll\SS Lender and Borrower othe",'"e agrec in writmg, insurance proceeds shall be applied 10 restoratwn or repair of
<br />the Property damaged, provided su"h reslOratlOn or repa'r is economically feasible and the security of thia Mortgage is
<br />not thereby impaired. If such restoration or repair is not c,~onomif;aiij' feasible Or if the security of this ~1ortgage, would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by Ibis Mortgage. with Ibe excess, if any. !,aid
<br />10 Borrower. If the Propeny is ahandoned by Borrower_ or It Borrower fails to respond to Lender within 30 days from the
<br />dale notice i. mailed by Lender to Borrower thai Ihe msurance carrier oflers to sellle a claim for insurance benefits, Lender
<br />is authorized to collect and apply lhe imlltance proceeds at Lender's option eilher 10 restoralion or repair of Ihe Property
<br />or 10 the sums secured by tbis Mort83ie,
<br />Unless Lender and Borrower olherwise agree 10 wriling, any such applic.uion of proceeds 10 principal shall not extend
<br />OJ' jXlStpoae the due date of Ihe monthly installment' referred to in paragraphs 1 !lnd 2 hereof or change the amount of
<br />sucb i""tallmenlS, If under paragraph 18 hereof the Property 15 acquiR'<l by Lender, all righl. title and inletest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulling from damage to the Property prior tOlhe sale
<br />or acquisition .hall pass to Lender to the exlent oJ the sums secured by thi, Mortgage immediately prinr 10 ,uch sale or
<br />acquisillon,
<br />Ii. r.-lIIilIa IUIlI M~ ,,(Property; Leaseholds; C"ndomini"QL'i; Planned Unit lleveJopments. Borrower
<br />sruill k""!J tbe Property in good repair and shall not commit waste or permit impairment or deterioralion of the Property
<br />and $hall romp!y with tne provisions of any lease if this Mortgage is on u leasehold. 1f thi.;; Mortgage is on a unit in a
<br />condominium: or a planned. umt devt'.topme-ni, P~rruwc.r shaH pcrh..lrm ail of Borrower's obligations under ~he declara.tion
<br />Of CUy~nan!~ cf~-ating Of governing tbe condcrnml\Jm or planned unit develt1pmcnt. the by~iaws and regulalions of the
<br />c.ondQminiu.--n or planned unit development. and consrlwent docu.ments. It' a condomjnium or planned tHHt (]eve!opl1,1ent
<br />ndU IS W<et:uted by Borrower nlld recorded wgelhe. wah !IllS Mortllnge, the C<lVenants ,llld agre.:menh of ",ch rider
<br />.hall be lm:<ltporated IOto and shall amend a,ld supplement In<; co'enanl, and agrCt'ments ot ,h" Mortgage as if the rider
<br />were a part henlof.
<br />1. ~ of 1..ell!dH's~. If Borrower fads 10 pcrlnrm Ihe wvenanls and agreements e,'mattled in thIS
<br />Mt'lflPllt', or if lltl)' act"'" or !,r-.ling is commeneed whieh malerially alfC'clS Lender', toter",1 in the Property,
<br />,m:luditIs,. h\lt _ limited 10, eminent dnmllln. ill,o,vern;y, coo. enf"R'l!roelll, or arrangements L'" proceedi:>lll inv.>lving a
<br />~or decedent. then l.ender ill Lemiet'. option, upon nOlice In Borrower, mny nHlke such appelt"'n<::es, di.burse such
<br />WJiU: and: lake I\tdt gtlon ~ il ncces-sary to pnl-te.cI Le.nder's InI-C'rest. includmg. but nl~t .limited ft'}, t.hsbursemefH of
<br />~ al.t.onley's f~ and cnuy upon the l)HJpe'rty tQ mak,t rcp-atf\ H t.;.o:d(-. fet--1uin.<d mong.~ ins'uf"a:nc.e .~~ a
<br />~iolt of ,~itl.! 'the Ml!.!!. -=:-ur~ b-y ih:j~ Mim.8:age-~ Ht)ff(~W~t j;hall pay rhc premiurut. rc-qwre-d to m~lntJ.1f1 Slh:h
<br />inltttafteC: ,n ~-!ftet until S:1t:Ch ti.tt1C li~ the f"t"qtliremt:,flt for ~u-ch tn'u-t.ance It':-rmHH\h;-:< in aco;:\)-rdance WHO ~lTn1WC!'~ .;loa
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