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<br />L`rrrncttetstCovExarrrs. Borrower and?I.tnder covenant andagree as fellows:.
<br />e. hymeot of Princjya_7 red InterW. Bormsyer shall, promptly :pay when due the principal of and interest on the "
<br />indebtedness evidenced by the \ote, prepaytnen[ sndlatecharges as provided inahe Note; and the principalof.and interest
<br />on any Future Advances secured by this hiongage-
<br />2. Fends for Toes and lonrancc. Subject toagplicable law or zo a written waiverby Lender, .Borrower shall pad
<br />to bender on the day monthly installments of pri~ipal and interest are payablettnder: the No[e, unfit theriYotets paid in fuL',
<br />a ruin (herein "Funds"j equal to one-rvrclfth afthe yearly taxes and assessments whichmay attain- priorityover this
<br />3orgage, and ground rents an the Property, if any, plus one-twelfth of}early premium installments for hazard insurance,
<br />plus Dire-twelfth of yearly premium installments for mortgage insuratce; if any; all as reasonably. estimated'initialh and from
<br />time to time by Lender on the basis of assessmenu and bills-and reasonable estima?es thereof:
<br />The Funds shag be held-m an institution the deposits or'accaunts of which are ittsured ar guaranteed by a Federal or
<br />state a .
<br />gettcy, (tnc:,tding Lenderif Lender is such an institution):. Lender shall apply the Funds to pay. said taxes, assessments,
<br />inanrrnee`pruniums and grouted rents. Lender may nor charge for so balding and applying the Funds; analyxingsaid accpunt.
<br />eT verifying and compiling said assessttxsits and bills,: vn[es Lender pays Borrower ioteresr on the Funds and applicable few
<br />"permits Lender to make such" a charge:, Borrower and Lender, may agree in writing at 'the time of execution of this
<br />Mortgage Ghat interest on the Funds shall be patd;ta Borrower,,and uaiess such agreement is made' or applicable -law
<br />requires such ineeresr to be paid, Lender shall nor tie required to :pay Borrower any interest or earnings on the Funds. Lender
<br />shag give to Boaower,.wi bout charge, an'annual accounting of he Funds showing credits and debits to the Funds and the
<br />purpose for which each debit o the Funds was made. The Funds are pledged'as additional security for the sums secured
<br />by this Mortgage,
<br />ff thramount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes;'assessmeau, itssttrance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments.' insurance premiums and gronnd rents as they fall due: such ezcess`shaN be; at Borrower's option, either
<br />gromptly repaid eo Borrower'or credired' to Borrower on monthly 4nsrallmentr of Funds: if the-: amount of the Funds'.
<br />held by Leader shall nai fx sir8ittient to'pay taxes., :assessments, insurance premiums and ground'rents as they falE due,
<br />Borrower shall pay to;Lender any amotuu nceessaryTo make up the deficiency within 30 days from the date notice is mailed
<br />by Gender to Borrower reru It#esaag paymenr ihoreof.
<br />Uptm paytrsnt in fuB of all sums secured I:y this Mortgagq Lender shall promptly reCtind to Bonower'any Funds
<br />heW by Lender. It'uttder paragraph 18 hereof the Pzoperty is sold or the Property is otherwise acquired by :Lender, Lender
<br />shall apply no later rhan itttritediatelg prior to theaale of [he Property or its acgmstiion by Lender, any Funds:. held by
<br />Leaderat the flint of application as a cra}it against the sums secured by this Mortgage.
<br />J. X}plfatlw of raysesls. Unless agplicable law.,pravides otherwise, all,:pavmettts received by tender under the
<br />Note and paragraphs l and 2 hereof shall be applied by Lender filet in paymem of amounts payable io Lender by Borrower
<br />under paragraph 2 hereof, then to rnterest ,payable an the Nate, then to the principal of the Note, and then zo interest and
<br />prirtcrpal on any Future Advances.
<br />4. G'Mng~ LJens. Borrower eFtaiC pay all tarts, assessmenu and athtr nharges, fines and impositions attributable to
<br />the Property which mty attain apruority over this Mortgage, and leasehold payments or ground rents, if"any, in the manner
<br />provided tutdcr paragraph 2 hereof ar. if not paid in such manner,. by Borrower "making. payment; when due, directly to the
<br />payee thereof. Borrower shall promptly ftuaish to Lender all r.Darts of amounts due under this paragraph, and in the event
<br />Borroter :shall make paytoent directly. Borrower shall promptly furnish to Lender receipts. evidencing such payments.
<br />Bortowersltall P~PdY die-barge any lien which has prtoray.ovcr this Mortgage; prorided that Borrower shall nor be
<br />rcgmred to discharge any such lien so long as Borrower shall agrce in writing to the payment of the obligation secured by
<br />such lien is a manner iteccptabie to larder: ar shall in goad faith contest such lien by; or defend enforcement of such lim o,
<br />legal Ftrzaedings which operatic to prevont the tnforrennenr of the Gen eir fodcture of the Property or any part therenL
<br />S. Blaatari Itrrar~es. Borrower shall keep the imprttvenienta now exisetng ar licrcaftererectcd an rho Property insured.
<br />agatnn bra by tile, hazards it#tlti~ded within tht term `"extended coverage°. and such other hazards as [:ender may require
<br />and to such attxutnts'aad for sucl2 periatb a. Lendct may require; provided, that Lendershalf oat require that the:amount of
<br />Stith coverage excee.$ that ataaunr of coverage required to pay the sums set:urcd by this Mortgage.
<br />"'[Ise muramx carmr providing the imurancc shal# bechusen'by Borrower subject to approval by Lender, provided,
<br />that sarclt approval shag twt be unrtattoriably withheld. A!t premiums un insurance policies shall be paid m the manner
<br />Exovided under paragraph 2: herein ar, rf not paid in such manner, by &rrmwa making payment, when due, directly to the
<br />imurswoe carrier.
<br />AI) ttbttrtturi.t pol+ties atxl renewals thereof sltadl be to form acteptabje to lender and shall include a standard mortgage
<br />clsttse it# favor of and m fnrtn acaeptsbk w l.c®der: E.tndtr shall trout the right to tw2d the policies' and renewals thtrtaf;
<br />: amt Ilot•rower shall promptly lurnuth to Limber all renewal notices and all receipts o[ paid premiums. In flit event of loss. :
<br />Borrctvrer slatbi gist prompt rawce,to the' iasurancetarrrer and l;atder, tender may make proof of loss if:nat made. promptly:.
<br />by Hcrrnos-cr:
<br />Uetkas Linder an.l Harrower othuwtsc agree in svnnng, insurance proceeds shall be applied to restoration ar iepair of
<br />the Pwpaty daunagai. prnvuieci stx:h reswratron or report ts-economically feasible and the security. of ibis .Mortgage is
<br />.not thereby imparted. It such rc,tarautart ar repair is not er.-unamrtaFly ftesibte or; it the secunty at this hforigage would
<br />!fe impaired, the insurance proceeds shag be applied tc the srrnis secured by this Sortgage•"with tree ettrxss, if any; paid
<br />to Borrower„ If flee Property is ab~amfonai b> Barror<r. ,~r if Borrower fails to respond to Lender within 36 days from the
<br />date twtice is marlttri by Leerier to eoricwcr t#ut true rttsurantc'carrier offers so xit}e a claim for instttance lxnefit-s, .Lender
<br />is authoritW"to tnBect. alto apply thtittsuran:c proceeds atLender"soptioa titherzo restO••ratidn or repair of the :Property
<br />or to the sums secued by this Mortpyr.
<br />linltss i_c-nder sad )3otrowcr otherv:tse agrce ut warring, sn} zuch applis;at;on of proceeds to principal shall not extend
<br />a pouptmt for due dart of the manthty rnseaIlmcnts referred [e in paragraphs f and 2 hereof or change the amount ...I
<br />su.6 inatallrntnu. If under paragraph l a 'leteot the Propaty;is acquired by lxnder. all right; :title and interest of lidrrow"et
<br />in and to any insurance policies and in arxb to the prixceds thereat: resulting from damage:to the Property prior'to the sale.
<br />or acgtuutioa shalt pass !o Leader lathe extcntof the sumssecured "by. thsMortgagt :immediately prior to such sale ur
<br />acquisition.
<br />a- 1Psasvrratian ai t-iai~eraawse of Property; I.ersekWdr Cooilomiwiums: Planned Unil Develop~ients. Borrower
<br />xhail keg ~ Propeaty in good regale and shall twt commit waste ~~z permit impairment 4r deterioration of the Prapen;~
<br />and shall cotttply with: the prrayisioas of any lease if this Mo: tgagc i, on a leasehold. If this Mongage is ;>r. a unit m a
<br />condorttiniuct ar a plannal tmirdevelapmtm. Borrower shall nerferm alt of Borrower`s abli`gations under the declarattcri
<br />or c.,veaants creadttg ar gaveraing the eondorntnivnr or planned snit development, the'by-laws and:'iegvtations ofthn
<br />condantin:tim or platttted unit development., andeonsFttuent..da.ume.nts:..lf a condominiumor planned unit development
<br />rider is executed vy Bormwec and accorded together with.!liis Mortgage, ihecovenants and agra;emants at. such rie:cs
<br />shall be encorporated into and shaft amend and supplement the covenants and agreemenis'af thta Mortgage as if the ride r
<br />w~cre a pan hereof.
<br />L 7. Protectioe of LeisdtPs 5tctsrNy_ ff Borrower ffaile to p+-rt,rr-5 the cavtnants arM agrecmtnts cantainccl to thin.
<br />Mortgage, ar if any a~`ttan ar procetdtng rs cotnarcn,erl `sl:c h m acrial7y alfccts lendtr`e interest in the Prapatty,. -
<br />inr!uding, ;tut mx limited to, eminent efatriain. ~osr,;vetu . uYdc t ~ior;cmena_ cVs arrangements r~r prex:c~ings involving a
<br />barnkrupt ar ~edent. then i_cndcr at 1.xnde: s ona:,n, ^ an notate ~o t3vrr.,wc~. i~;ati maktsuc2tappearances, ilisbvrae evsft
<br />surna and twice such action ~ :a txccssarc to , r=xccr l,endc;-< •nrerest. r~tud:nb, but. not limited m; disbursement d#
<br />reasonable at!orr~e_c's Etta and c~_<ry uobn ;hc Properrt '<: make .. I! 1..;rxrder raga€rea mangage tnsvriLStee :xs d
<br />wron:?itioc ni ncaiciag ttx io.n secured 5y uus :tiengx~-c. Barra ~z ail ~ ac :hp prcm;rtnus regtrir+ed' to maints:in ctr;:n:.
<br />inwranex :n cRc~ t ~aati, wci orate as ~tNr tequsrc: rt~r,t `„r -,,.ch ..~ran:;c tcrrtt.iaatcs n zrcccardartcc urith 9a: cziwzr"s and
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