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<br />UartFaitt~ Gavetarlavts. Borrower and Larder covenant and agree as faBaws:
<br />$, of arat Imtettew. Harrower shall promptly pay when due the priasipat of and interest on tttt
<br />i'nen evidenced by the Note, prepayment and late charges as provided. in the Note, nerd the principal of and interest
<br />oa any lauture Advaaees secured by this Mortgage.
<br />i ~aaiis far'[tsaaa and Issuatrcr. Subjtxt to apphcablc law or to a written waiver by Lender, Boaower shall pay
<br />to Lendr,r on the day ttaarthly installments of principal and interest art payable under the Note, until the Notz is paid in full.,
<br />a stmt (lxrein "Funds' equal to one-twelfth of the yearly texts and assessments which may attaitr priority aver this
<br />Mortgage, and, ground-trolls on ttrc Pmpeety, if any, plus one twelfth of yearly premium installments for hazard insurance,
<br />plus nnc twelfth of yearly premitun installments for mortgage insurance, if any, all as reasonably estimated initially arsd from
<br />time to tithe by I,e[tder err the basis of assessments and bills and reasonable estimates thereof.
<br />Thee. Futx~ shag he held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />stateagcncy (including Lertder if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />ittatlranee p[Ctnitim8 and. ground rents. Lender may trot. charge. for so holding and applying the Funds, analyz5ng said. account,
<br />ar verifying and compiling said asss~sstnenis and biAs, unless Lender pays Borrower interest an the Funds and applicable law
<br />germits Lender to make such a charge. Borrower and Lender may agree in writing a[ the time of exeeutioa of this
<br />Mortprge that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />ri:gtrises in:cnestto be paid, Lender shall not be required to pay Borrower any interest or earnings on the Ftinds. Lender
<br />shall: give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums. secured.
<br />by this Mortgage.
<br />if`ttta amount of the Ftmds held by Lender, together with the future monthly :nstal[ments of Funds payable prior to
<br />the dtredates of taxes,. assessments, i[tsurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />aaseasme'nts. insurance gremiums and gmund rents as-they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited sa Borrower oo manihly installments of Funds. If the amount of the Funds
<br />held by Leader shalt trot be sttBicieat to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Ltnder any amount necessary to make up the deficiency within 30 days from the dale notice is mailed
<br />by Leadec to Horrower requesting paymtnt [hereof.
<br />Upon payrmat is full of all sums secured by this Mortgage. Lender shall promptly refund Yo Borrower any Funds.
<br />held by LeuderW If under paragraph 18 hereor' the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shelf apply, no later than immtdia[el}° prior to the sale of the Property orsts acquisition by Lender, any Funds held by
<br />Letrrkr rt thr time of application as a credit againsa the sums secured by this Mortgage.
<br />3, A~Nea2iat ~ Paymettaa. Unless applicable law provides othertvrse, a}t payments received by Lender under the
<br />Note: a~:paragrrphs 1 and 2 hereof shall be applied try (..ender first in payment of amounts payable to Lender by Borrower
<br />unr~r part~rtcph 2 hereof, then to interest payable on the Note, then to the principal of the Mote, and then to interest and
<br />priacipat.on any Future Advaatces.
<br />4. : L1er.a. Borrower shall pay all taxes. assessments and other charges, fines and impositions auributabie to
<br />the Property which nary attain a priority over this Mortgage, and. leasehold payments or ground rents, if any, in the manner
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due,. directly to the
<br />payee tlter+eof_ Harrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shaft promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority aver this Mortgage: provided, that $nrmwtr shad not be
<br />required to discharge nay such lien sa long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a meaner acceptable to Lender, or shall in good faith contest such lien. by, ar defend enforcement of such lien in,
<br />regal gtnceedings which. operate to prevent the enforcement of the lien or forfeiture of the Progeny or any pan thereof.
<br />S. liHaard IarrraMx. Horrower shall keep the improvements now existing or hereafter erected on the Proptrry insu*ed
<br />agaitut toss. by fire, hazards included within the tetTrt "extended coverage", and such other hazards as Lender may require
<br />and in such amounts. and. for such periods as Lender may require; provided. that Lender shalt not require that the amount of
<br />such coverage excxxd that amount of coverage required to pay the sums secured by this Mortgage.
<br />The inuurance carrier providing the irtsurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />that. such appztrvat shall not be unreasonably withheld: All premiums on insurance policies shall be paid in the manner
<br />provided ttttder paragraph 2 hereof or, if not paid in such manner, by 8uaower making. payment, when due, directly to the
<br />insuratta carrier:
<br />Ail. insurance policies and ctrtewals thereof shall be in farm accep#able to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptahle to Lender. Lender shad have the right to hold the policies and renewals thereof.
<br />attdtitarrowersCaalE promptly furnih to Lender all renewal notices and nit receipts of paid premiums. In the event of toss,
<br />Borsowershall glut prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Una Lender and Bornawer otherwise agree in writing, insurance proceeds shall be applied to restoration oc repair of
<br />the Property damaged, provided such restoration or repair is eeonomieally Feasible and the security of this Mortgage is
<br />ant thereby itirpaimd. If such restoration or repair is not ewnomically fcas6le or if the security of this Mortgage would
<br />tx imparted, the asurantx practxds shag be applied to the sums secured by this .Mortgage, with the excess, if any, paid
<br />to Borrower:. If the Property. isabattdoned by Borrower, ar if 13orrawer fails to respond to Lender within 30 daps from the
<br />date notice is mailed by Ltnderto Borrower that the insurance ~.ritr aha:s to settle a claim for insurance benefits, Ltnder
<br />is autharittd to cothM and:agptythe inc.,rxntt proceeds. at Lender's option either to resmration or repair of the Property
<br />or to the sums secured by this Mortgage.
<br />Uolcss Lender and Borrower otherwise agree in writng, any such applis:a[ion of presceeda to principal shall. not ex[end
<br />or postpone the d~tdate=ofthe monthly nstaltrnenes rtferrod to in paragraphs 1 and 2 hereof or change the amount of
<br />srk6 itutaittmnts: If under paragraph.I8 herr~f the Property is acquired by Lendea, alt right, title and. interest of Sottower
<br />in and io nay insuraacr policies and in. and ro itre pra-etds thereof resulting from damage. to the Property prior to the salt
<br />or iequisitaon s'aail :pass-to Lender to the extent of ttte sums starred by this Mortgage immediatety prior to such sale ar
<br />.acquisition.
<br />6. Ftwarvatiast aai Mai~tas~ct of Property; txasehotd~t Cnndotniniams; Plarened Unit Devebptnenrs. Borrower
<br />sintl kelp the Propeixp:rngood_ttpair andshall net commit waste orpermit impairment or daerioration of the Property
<br />and xlrali comply wittttlte previsions of any Rase if this Mortgage is on a leasehotd_ If this. Mortgage is on a unit in a
<br />condominium or a planned unit development, Borrower shah perform alt of Borrower's obligations under the declaration
<br />ar covenants creating fir..governagthect.~erdominium ar pfanired unit dtveloptnearx, the by-taws and regulations of the
<br />cordominium cr ptanued tied developarxnt, and constituent documents.. If a condominitun ar planned unit development
<br />rider n txecutt4 by Borrower and recottded together with this Mortgage, the covenants and agreements of such rider
<br />shalt ise int:arFarated intsr and shall:amcml and. supplement the covenants and agreements of this Mortgage as it the rider
<br />mttr a part hrreoi.
<br />7. ot~saetiarr pf Lrsicr's 5et~tiq', tf Borrower fails to pCrfarm the covenants. and agreements conCaincd in this
<br />hllc-rtgxge, or ii amy :utiaa or prottadiag is commtated wtsictt materiaity affetis t„tndtr's inftrast in the P* ~perty,
<br />drrtauding, 6+~t not timitxd to, enxinont dotnaad, irfsatvtn.",y. code entarrcdntni, ar arrangemenFS ar ptzreecdiags invalvsng a
<br />baakrupt cr iitcedtat. then I_entkr at Leader's option, open n[rfiec [,:r Borrower, may make such appearances, disburse such
<br />xu~, anG varcc sixh ai.riou ax..iti pecaavary..ia ptrncot. Ltndcr's intcrtst, inctauling, but. nai limned #o, disbutsemeut cat
<br />ranab!e ac7mr[xy's #.u~ and entry upon ibe Praprrty to make repairs. it I.:ctxier required mortgage: insurance as ;t
<br />capdiuxrn of makitsg i~ lean ;racura3 by tlfis Aortgage, Barres,+rr shall pay the premiums required us main#am such
<br />ireuw~ in ayrrx tartar strx°It 4irYtc as the rcquirtrezcnt for sutdr trsuratrsx tarmina[ts in accordapret with Bar:avwer's and
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