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<br />82~~itiQ~9
<br />Lttat CrrvSxatwrr. Borrower and Lender covenant and agree as follows:
<br />t M ~'aad`llnferest. Borrower shall promptly pay when due ahe principal of and intereet on the
<br />adebtedttess evidenced by the lvtote, prepayment and late charges as provided in the Note. and the principal of and interest
<br />on any ,^uwre Advances secured by this Mortgage.
<br />~. Fna,is !fir Ttaaes asA Ttantnace. Sub;sxt to applicable taw ar to a written waiver by tender. Borrower shall pay
<br />to Lentkr on the day tnnttthty itz5taflments of principal and interest are payable under the Note, until the Nate is paid in fu11,
<br />a sum {herein "Fonda"} equal to one-twelfth of the yearly taxes and assessments which may attain pri~arity aver this
<br />1~SosYgage, and`ground rents on the Pi+aperty, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus otrV-twstfth of y®arty premitun instadlrttesets for mortgage insurance, if any, afl as reasonably estimated initially and from
<br />tuna to ttnta by Lstttter an She basis of assessments and bills and reasonable estimates thereof.
<br />1~.e Fttads shall be held in an institution the deposits ar accounts of which are insumd or guaranteed by a Federal or
<br />state aget~ey (inclexiingLender if Lender is such an institution?. Lender shalt apply the Funds ro pay said taxes, assessments,
<br />inSUt'art~ pemiums'attd ground rents. Lender mac not charge for sa holding and applying the Funds, analyzing said account,
<br />or vsnfyting and: compiling said assessments and bills, unless Lender pays ~arrowerrnteresY on the Funds and applicable law
<br />pecmfts' Leitakr to make such a charge. Barrawer and Lender stay agree in writing at the time of execution of this
<br />l~fartgage chat interest on the Funds shall lee paid to Barrawer, and unless such agreement is made ar applicable law
<br />requires-such interestta tx paid, Lender shalt not ix regt»red to pay Borrower anv intense ar earnings on the Funds. bender
<br />shall gave to Harrower, without charge, an annual accounting of the Funds showing credits and debiu to the Funds and the
<br />purpose for; which each debut to the Futtds was. made. i"he Funds are pledged as additional security far the sums secured
<br />lay this Martgage:
<br />If ttte arttaunt of the Ftmds Etetd by Lender, together .with the future monthly installments of Funds payable prior to
<br />tt~ doer bates of tatter, assessments, ittcurance premiums and ground cents, shall exceed the amount reyuired to pay said taxes,
<br />asrtauodertts, insurance premiums and ground rents as they fall due, such excess shall be, at Borrowers option, either
<br />pramprtiy repaid to $atrowa7 or credated to Harrower an monthly installments of Funds. If the amaunf of the Funds.
<br />ttekl b3' t_euder shalt tttx be sut"-tciust to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Horroaru stiall pay to Lender any amount necessary is make up the deftciency within iQ days tram the data notice is mailed
<br />by Leader to Borrower regtaesting payment thereof.
<br />iTpon paymem in full of all stuns secured by this Mortgage. fender shall promptly refund to Borrower any Funds
<br />hdd by Lender. If under paragraph It2 hereof' the property ss said car the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later ehan immediately prior to the sale of the Yrapcrty or ns acquisition by 1_ender, any Funds held by
<br />Leader at tFie bane of appiicataRxn as a credit against the sums secured by thzs Martgage.
<br />]. Application of Payments. Unless applicable law provides athcrwlse, alt paymems received by Lender under the
<br />Alate and paragraphs 4 and 2 ]tereaf shall be aoplied by Lender #irst in pay°ment of amounts .payable to Lender by 8ormwer
<br />ut>~r paragraph 2 hereoff, then to interest payable an the Note. tsxen to the. principal at the Nate, and tht:n to interest and
<br />pritirapat on any Future Advances.
<br />4. ]liens. Borrower shall pay all taxes, assessments and other charges, fines :end impositions attributabfe to
<br />the Property strh%eh tna<y attain a priority aver this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />pt+txdttted under paragraph 2 hereof ar, if not pazd in such manner. by Barrawer making payment, when due, directly to the
<br />paytx thersettf> $orrower :ctrel7 ,promptly furnish to [..ender all nottees of atnttunts due under this paragraph, and in the event
<br />Borrower sttatl make payment directly, Borrower shaft promptly funnish to bender receip:s evidencing such payments
<br />Horrowu shall protaptty discharge .any lien which has priority erver ttris Martgage; provided, that Barrawer shall not be
<br />regttircd to discharge any such lien so long as Borrower shall agree in writing tv the payment of the obligation secured by
<br />stash lip inn tttantxr atrxptabte to Lender, ar shall in good faith contest stub lien by, or defend enforcement of such lien in,
<br />Iegal proccedtngs which operate to prevent ttte enforcement of the taco or forfcituec of the Property or any part thereof,
<br />3. lElan-d Inwnars. Borrower shall keep the impravemcnta now a xisting ar hereafter erected oa the Property insured
<br />against toss by fare, hazards included within the term "extended coverage'". and such other hazards as Lender may require
<br />and in stub atttountt and for stub penads as Lender may rcyuire, provided. that 1_ender shall not require that the amount of
<br />such coverage exceed that amount of coverage reyuired to pay the slams secured by this Martgage.
<br />'The insurance +:arrier providing the insurance shall be chosen by Barrawer subject to approval by C,enclcr; provided,
<br />thu sucA•t approval-shalt no[ be unreasonably withheld. All premiums an insurance policies shall be paid in the manner
<br />provided t[ndar paragraph 2 hereof nr, it not paid in such ztaanncr, by Harrower making payment, when duo, directly to the
<br />insurance carrier.
<br />Alii~tmsururce ppficies atad'renewals thereof shall Ixtn form aec:eptabte to Lender and shalt include a standard mortgage
<br />clattre in-favor w:+f aatd-in form atxeptable Ya L.ender. Lender shall have the right t« hold the policies and renewals thereof,
<br />and. Borrower shall promptly furnish to Lender 'ail renewal ttatsces :end all resvt;ipts a[ paid prentiuzzts. In the event of lass,
<br />Borrower shall give prompt zzotice to the insurance carrier and Lender. 7_endcr n:ay make praat caf loss it not made promptly
<br />by I3ofrawer.-
<br />Unless.:Cender axed 13orrawer otherwise egret' in writing, insuranc,-e prcuecds shall tx applied to restoration or repair of
<br />[rte Propet!y damagOC$, provided such restoration or srpair is econamicaiiy feasible and. ttte ueurizy of this Mortgage is
<br />:sot thcra6y iirtpatatd: If such ressoratic'ttt ar repair is net ec<>namically tetasihle car .Y the security of ihss Ivtorigage would
<br />be impairtxl, th` ittstzrttnce proceeds shalt be applied to the sums secured by axis 'viur[gage, with the excess, if any, paid
<br />to Borrower. ii tb,: Property is abandoned tx} Borrower, os if Harrower tails to respcand to Lendes within 30 days from the
<br />.date notice as nt anted by Gender to Borrower. that the insurance carrier ot3ers to tittle .t claim far insurance benefits, lender
<br />- i. authorizer to cexiiert and apply. ttte'tnsuratas::e I~oceedS a[ i:etxier's option either to restoration ar repair of the Property
<br />rr n, the stznv xeeurui txy this Is~ortgagc,
<br />Unles; i.enasr attd 8orrc~wer satlaetwise agr~z in writing, anv such apptieation of p[a:e¢sIs [a principal shall not extend
<br />tsc pastoane the dtas date at the. motu7xly installments referred to in paragraphs i and .", hereof or change the amaunt of
<br />aucla :rstallnautits. If'utxier paragraph I& taertxtf the Property is acyuircd by Lettitcr, all right, title and interest of Barrawer
<br />in and to anv isxsitrattce-policies atxi in andto ttte pzaces:ds thereof resulting from damage za the tyraperty prior to else sate
<br />o' acgsauiGOO. shat; pass to Lender to die extent crt the sums seaared by ihss Martgage cs~sn~xediatkiy prior tv xuch sate c,r
<br />acquusition.
<br />b. PreYSnatiun attsd 'f3tiiantenanset of Property.; Leauettalxb-, t_oxdarniniams; PFanued l nit Developments. Borrower
<br />snail keep the Property is road repair and shall not commit was[e cr permat impairment c+r deterioration cat the Prap+;rty
<br />arwl shall c~-nnh~ .rith the provasiars of arty lease it this ,4lartg;tge rs an a laauhald. If this ~4arigagc is an a snit in a
<br />ccn~miniuns r a j~taA.. .: urat tie,-etep;ncnt, Barrawer shat! ~rfarm aI! of I3orrawcr's obhg;{taans un~r size cieeiuratson
<br />cr cavestanis .rcaLng or gavernrng attc candomintnm or planttcd unit dcveioptncnt, the: by-7-aws and regulations of the
<br />ccnedanavtium z;r planae,^: t.~uit devetoprxtetzt, attic sansxtYwent dacuznenus. Pf a candominiutn or planned unit developtucm
<br />ritZ[ a ^~ce~used ny Borrower xnd.reeord~d tope;liar wath this Mortgage, the covenants a;xi agreemtznts of such ndcr
<br />ab~l be ir.:cazvacraic; ,nto arc: shell arn„u#I amf supplemeazt the crnenuxtw and agrecmenes of this Martgage as sf the rdcr
<br />-:~2re ti past itereaf.
<br />7. Prn#criou at k~nderx Sexariey, It Harrower falls to perform the covenants anal agrefinents .ontainad rtz alias
<br />_ Mrh tgagc. a. s` 3r t- ;~ucar+ ,~r prczcz*acieng es eorttrtftttted wltia:h maferi~attp aflt~cts L.erader's antcrest in the Property,
<br />xi,;.tudicryl, exat an.k'.t~.it-ed. t+.:. ~an.ncat tiatrarn. anuolvrau:,?r, sack enfareenic+nt,. or atramger~nts err prvc~.edir.: ~ .nvu~lving a
<br />t>ataksv~ cam' deceSeSxt, ;heat Let»ies . [ L~exle. a ~>pteart; upon n€ztice to Borr:-~wcr, 'may ::rake attch appearance. ;a.A*aarsx: such
<br />sarrzs axe >>uc w~~1, x¢tu~r. .; :. ~c ~zti~rp t+~ ~.ruteet teatder"s xruerrsi, uaetu~ng. Lxts mrxt limited w, _--r•ur~.~_ment of
<br />.. n
<br />sasac.^rsc,:.rrs~rnry's fer~x .~,:J ens . ,lae,a, the Prrty to rz~ka carper.. It L,xrzgsier nx}u~izrd sttaa:sg'mgc ._ . ,.,arcs as
<br />:rec:'si,...?a :;t a.al, .g thz 4ua~! ~'~u t~a by ihss iY1 •.,n.:,;a$t, Hurrexr~cr ~.tiv;[ p:, the :+remtzinas r*.sq€sirrd •~ nsaittzaira ti:acts
<br />rnmz:-nx-„~ arr. ,-nri, e:nca! 4 tcry tip :c= :tx ri=ct ~crcmrfat tar sua:f? isi:starars4c . ~ n:naaex ~n acccrrdaracc wet#• 11,,cnzever'w an;I
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