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<br />lirrtt=oars Ceve~r;.Nrs. Borrower ared Leader covenant and agree as. follows:.
<br />C. Payrtuet o6 141atcipd and loteresf. Borrower shall promptly pay when due the principal of and interest on'ihe
<br />indebtedness evidenced by the Nncc, prepayrnenr and late charges. as provided: in the Mote, and the principal of and interest
<br />an arty Future advances secured by ts;is Bfortguga.
<br />2. !Faasis Por1r'aars a>td lewraacr. Subject to applicable. taw or to a writtets waiver: by Lender, $orrower shall pay
<br />:o Lender on the day manrhty instaF}me.nts of principaland indetYStare payableuader thei`Iote, untitahe.Ivote.is paid In fu11,:
<br />a sum (hr:rein "l=ands"? rqus! to ose-evedfth .,i the.. yearly' taxes and. asscssmertts .which may attain ariority over this
<br />Alortaagc, and ground rents on the Ytgperty, if acv. plus ptae-twelfth of yearly premium installments for hazard insurance
<br />plus onotweifth of yearly premium installnaettts for mortgage.insurance, if shy, ail as reasonably estimated nstially and from.
<br />time to time by Ixnder tan tfae basis of assesssmnts and hills and reasonable estimates thereof.
<br />Ttrc Funds shall be held rn an institution the deposits. or accounts of which are insured: or d aranreed b}^ a Federal or
<br />state age•.tcy t including bender t# Lender is avr.~h an institution )'. Lender shall apply the Funds to pay ssid taxes, assessments;
<br />insurance: pretaiiams axtd grattnd teats: f.endee may not charge for so holding and applying the Funds, analyzing said account,
<br />ar vaitynAg and cani;piii¢g said assessments and bills, unlrxs Lrnder pars Bonamver interest on tht Funds and ;applicable law
<br />permits A.ender to make such a change: Borrower and fender may agr>x in writing at the time. of execution of thin
<br />Martgaga: thax interest on the Funds shall be pard tea Barrawer, and unltss such agreement. is made or applicable law
<br />reQtarcs such imcmt to be paid:; Lctsder slsall not be required to pay Harrower any interest or earnings an the Funds. Lender
<br />shat! give to Borrower'; without charge. alt annual accounting of the Funds shaving credits and debits to the Funds and the
<br />purpose for which each dabat to the Funds was made. The Fartds .arc. pledged as additional security for. the sums secured:
<br />h}r this .~[ertgaytC.
<br />If the artmtint at the :Funds heHI by Leader. together with- [he future monthly installments of Funds. payable prior: to
<br />z3te disc dates of taxes, asseasmeats_ insurance ptemiutns and graupd rents, shall exceed the amount required to pay. said taxes,
<br />its, lssurance premiums azd ground repts as [hc}' fait due., such excess shall be, at Borrower's optjon, wither
<br />ptomptty repaid to Borrower nr credited to Borrawcr vn monthly jnstallmenta of Funds. if the smount of the Funds:
<br />held by !,coder shall rot tie std5eient to pay taxes; assessments, ttsuranrc pa+emittnts :ti}d ground rents as they fall due,
<br />Borrnw'er shall pav ~t ::eadex any amotmt necessan to make up the deficiency. wrthin 30 days f tom the date noette is mailed.
<br />by I.cadrx to Borrowtr :r:~gtacmttg payrtzerat zharet>i.
<br />llpaa payment is ftall of aEl Banns secuued by this Mcvigagc, I;endrr shall promptly round ro Borrtau~er any. Funds
<br />hedd,by !:cadet: It unties paragraph ]tk hereof the Yropcrtr is wid or the Ytopcrcy is otherwise aegwred by Lender; Le[tder
<br />shall apply: ~ toter than immediately prior to the laic of tIx- Property or its acquisition by Lender, any Funds held by
<br />1.ets6er at nc~ tune of appiicatton as a caetlit agatrtst tfu sumx secured by- this ;•iangage.
<br />3. A~Yusiaa of its,~esrln, lJnlaa appirc-afrle law provides otherwise. all payments rcceivecl by !.ender under the
<br />'.Vtase slid! pairat[raphs ,I and z herarf sftali ba applied [rp !.ender fast rq payment rr[ smouaus pavabls; to i,_utdcr by Barrawcr
<br />undoi• puagtaph Z htxarf, rhea to uatcrest payable an Ilse Note: then tai itae principal of the ~atc, and then to interest and.
<br />priaiciptd td aay Future Ativatscss:
<br />1. i„hastp~ [Jas ;~tro~r"shale! pay :,tt t.a,s, essessrixnis amt atner cleargcx; fitter and impositions attributable zo
<br />tha ~'dpa~ ahic(t tally sttao a priority nrtr t'„s }.t angagG, and feasehaEd payments +x ground rents, if any; in thm manner
<br />pmvided ttstdcr parapspit 2 hetmn or::t nix pa,d ,n strcla manner, by Bsxrower making. paymtnt; when due, directly to the
<br />paytae tlicreaf. BprrogYr shall proattptiy turnrch t„ t.enLlcr a;l ritNicex a~f amtnrnts due unckr this paragraph; :and in the event
<br />BOrrntstr zhatl ~a~k~pavmaaat il,rnrt. H.xn•tcr .hats pr, mpxtu .tarnish i.• !,ender. receipts. evidencing larch payments.
<br />9tat'roavau stzaif promptly dncirarRC any iacn .rhrn has ;rn;,ctt} ,~.cr tlai+ xlortRa}c; provided, that Harrower shat! not ho
<br />icquated to drtchar`c any weh 3ic^ ,., lor;g as Ba,rro+uer chart aarCY in ur:t~ni; ±,• ttac payrnent tat. the eakalgatian secured by
<br />such area rn a m.urx~r ~ to G.rudcr, .,r ,hail sr. garai 1 anh ,Dore..: ualh taco hy; or <Ictenct enturcutaant o[ su~h.Iien in,
<br />kysJ prc+xedrnp v.hrch operatctapre.rnt r:ac cnta,r.cmcnt of iM ;:tn ,,r tarterzute a! the Propertyaranypart ltaercaf.
<br />S. Flrarr~l I~a~e+e. Borroa+er+dW9 ittp ttx ,mpr„,rnunt. n.,w silting car hercaltercrc,ctrd an the l''ropem• insured
<br />apimt ion try Brt. haseatds mcltided wrahrn the torn csrendc.t ;.~.rragc"', and such other hazards as Lender may requrrc
<br />aaut to u~:tt arerormts artd [or sus:!? perh)ds ar l cnsf:r :na,. rrqu,re, prawticd, that 1 ender shall not require that the: amount of
<br />xaudt f,:nrerttte e.KtXedthat amtaurtr nt ;.ascraycc rcywtred 1„ t*ay ttu +urns sacirrcd by this Iwt asagagc;
<br />The rrasuranra rattler prnvrt{itxg the ansurance shall 6x r:tatrsen by Sorrauer subject t+, apptaval by Lender, provided.;
<br />thu welt ap~provtd shall nee be untttiissoaabty wrtbhrnd. A/{ pr+cmiums tin t'nsurarrce pair;res shall he paid m the manner
<br />pt'atridad urrder pacattaph 2 hsrauf w. ri not psd in sleets tnaaraer;-lsv Bcrrosvtr malting payment, when duo. dtrecdytn the
<br />iawttmce canacr.
<br />All iazwraaace paii.rev and ietsewrds thcr[ shall be in farm +y~~cpr.raie lc, LCntter and shalt include a standard mortgage
<br />tlruse ua [swat of sad it [lust aca~epsahie to Lrtttdcr, Lzndcr shah bare the rsg$1 to hold the policies .md sr:newals therrof. ,
<br />sad ®orrosser skli promptly. ftn~nah to l.etader all rersewal natrecs and aft rxxcyats taf paid prctniums. in ittc event of lass,
<br />1°lorrtrr.er sbal! pave ptvmpt notice tsa tht ittaoratffix catrir~ slut l.emfttr. 1. end~cr may mane proof tsf' loss it not. made pre?mptia
<br />by Batrzrwcr.
<br />lintras I_tatder and ilOtroasrot atltctwtse agrtx cn +rttting. ittsuran« proceeds shalt lsc applitxl to resxora[on or repair of
<br />the Property datnafe'I, prewrdatl-.soda ntfttMftwn or rpaar r.. ea:rrni,macal[y i'eastble..arxt tfte'.sccurity ofthis:Mortgage ~s
<br />sot tfrereby imparted. If saa:h reuoration'tx rt:p+ur trnot reonne+rcally fcxatblt ar if the securrty of tfris lMtartgage would
<br />be impaued, the rnsurattce prarooads shall be appired to the ruins .ectatcd b" thix Mortgage, .with she excess, if any. Paid:
<br />to Barrotcer, [t the Property as ataaadaned by Bormwcr, ;•r ,i Barrc•wer tails zo respond to gender within 3Q days from the
<br />date nonce is matted by 4,errsicr ao Bottrrrrr: the: the srasurasane earner afters m settle a claim for nsurancc benefits. I.endcr
<br />is aanlsorized m :alfaxt and apply rho: iti>Etaraace pracxtals at Loader's option lather to restoration c,t repair of [hc Yropcrcy
<br />ar to tlx lams securod Fy ttais ''ice,
<br />Ltaiaps Lender and Borrew'er ottxrxix ag:e~ sr. writing, anysuchappticauon ufpracrxdsko"prrncapal',staall not-exterrd
<br />ar pwtptme ttae due date of the m<xrthfy insaailrnenb raderted to in patagraphs t .rod t hercaf ar change. thz... amount of
<br />strch itatattments_ It ~~der para[tryph 1!t betas! :hc Property ifarquta'esi t'Y. i;eader; all ng9rt,.ttlcatufinureat af. Barravwcr.
<br />irr slid to an} ittSUraMe podicics and in an : t.~ :nc prx~atxfs il~seof sesufttng fcum daanage to the Foperty praar 1a [Fse sale
<br />ar a<-yresinar shall pass to laendrr to rite extect <,( :he .ssmssrc:ura9 trv. this !~tongage immediately prior: to such sa}e. or
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<br />i. htwrtallrra rr~ 4/aiMeaarrr of !'rupertr iraattfuddtr; CosionuldattK: Plsnrted Unit' [kvtiapdteafs. Barzawer'
<br />sFsail keep the Propem' in grid rrp+.r and shall nua commit ~.vaatr ar.permiY. impairment ordeteriarauonaf the.:Propcrty
<br />and shall ctxtrph' ,virh ?ht ptovn>ons of any lease .t :hrs xfnrtgage :s on a leasclaoki. It this .Mortgags is tin a unit ttr a
<br />cvadaminiurn or a .planned ucrt dcvciupma;at. Bcrrvwxr •hatt perform all of Batrowa:r's utrlrgattans under. the declaraiiarr _
<br />v crn-enanit creatrtyt ur gc+erneng :he .r=nsfcmrnsum :,r riarrned unit devclrrprraerit. theby-laws. toad "regulatitrns o£:thc
<br />ccu7dummittm err olanned atoll development_ and consimrc^r daruiraents. lfa eondo~tanitrmnr pfanited amt de'vekspmant
<br />rider to cxecsattxf 'ri Borraw+er and re,:e:ded re,Lrcttter wuia ,his "stcxtgage. the ncn~cnants atx agrectnents of suety redr:r
<br />a.hall be srrcorpozrrtttt wnro arnd shall amend a~ad repp{cmcrt etx s:a-.crana arsi agttCn,trrta afahis ly4nrtgagt at rf z"ne rides
<br />were a part ha•renf.
<br />_ ?. L`-91er1kP~ d [.tt~"s }iecoriitf. it lIr,rrn>,ea f.~a,ls t., ~;}an~ the wceants an.i ago^<tn¢rats >a7rtiaaeitdin th>s
<br />'4{rur,g,~e, rrr it any ~-3itw .rr pr5cc~eding ,a ~cmn:rn~rS a"hick :un'~rraii- C~~~!s 1<nder3: :nterr^rIn 'he Prr?joeriy,
<br />~~.kiG;ng. b€rt edt tsntxcd an. emrnern domain. u*st-avcrxv. a?.ie en -rcctneat. .. :,rr,nx rt.c=a;4 c, [%r:7ee~dir sts ~,aval>?inR a
<br />bm@rr:~{rt vs :lecudent, thCu P.tnder a: letntei x c,ptri•n upon notice r d , xv-r 'ar-,~r :~rrrxr. taa,:b at•Kc~carntrt~..ii,^.;trse3nt:h
<br />. -, ,..
<br />4litn'3 :YSM[ ta[f' 4ttG[i n<4rt~ a5 w r!cGC!4'FS~?!' A? ~1: L`tt'tt lsrraC.7• .• _-st ,, - a;af! }. ~ _ -.a t; p,lr r d.,hL rsCLf'SM1Qrit i]f
<br />asaFns~ie srtarrttri bv.,v ~zsi cni-r vyT^±a ,`,C Prn}x^.^ .._ m~xe .-z.~= i, _..-c,e* -, i;? -, taay:rt ., ~ c. :a+
<br />2;rscXttSmycs < < nxakint r,iu ~;mn ~cor ". , ~ ,'t ~r `d:r7trnms;c Asa,.'*tcw~er .'s:t"..p: , .ire ~,^p+s:cr slurs rc„ n~~td ... ,ns.,: use ., :h
<br />irc+xrazxs i;w at&:a„t vnt+S s,.w:h same ar. eM~ ?RFT vrerri~: ,'at ,~:-~ ~r,..-ut^arsce :i: ^.a. ,.,=:~x c.~~~rrds-,~-~- ,.: d3+ ~ r..a ,..'. arse!.
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