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~32-°°~C12282
<br />Llxtt;otiat CovExsxrs, $orrower and Lender covenant and agree as follows:
<br />I, TayeteeYOf Prbedpsl and Interest. Borrower sfiall promptly pay when due the principal of and-interest on the
<br />iedebledness evidenced by the Mote,prepaymenYandlatechargts as provided trthe Note, and the principatpf and interest..
<br />on any Future Advances steered by this Mortgage.
<br />Z. Feeds for Ttmrs and Iissos>.ece: Subject io applicable law or to a written waiver by Lender: Borrower shall pay
<br />to L.endtr on the day monthly installments of principal and interest are ,payable under the Note, until the Note is paid in Full,
<br />a Sum (herein "Funds'? equal to one-twelfth ~~f [he yearCg taxes and assessments which may attain priority over this'
<br />Mortgage, and ground rents on the ptaiperty. if any, plus: one-twelfth of yearly premium installments fo= hazard insurance,
<br />plus One-twelftkof yearly premet3tn installments foFmortgagensurance. ifany; allasreamnabty esdmatedinitiall}'and ftnm
<br />fimeto time by Lender on the basis of assessments and hilts and reasonable-estimates thereof.
<br />The Foods shall bt heldio: an institution the deposits oraccauntsof which are insured or guaranteed by: a Federal or
<br />state agency (inclteding. Leader if Lender is .;uch an institution ). Lender shall apply iht Funds to pay said-tasec; assessments.-
<br />insuranctprtmiums and ground rents.' Lender may'not charge far so holding and apptyiiag the Fends, analyzing said aceaunt:'-
<br />nr verifying and compiling said assasmentsand bills, unless I-ender pays Borrower interest nn the Funds and applicable law
<br />pernsits.Lenefer io make such a charge. Borniwtr and Leader may agree in writing at'ihetirneof'extcution of 2tiis-
<br />Mortgage:ihaC interest on the Funds shall be paid to Borrower, and unless such agreement is made ar applicable taw
<br />requires sychinteresFto bepaid, Lender shall not berequired to pay Borrower aminteresz or earnin~bn thtFunds: Lender'-
<br />hatl give to $orrower, wiihouVcharge, an annual. accounting of the Funds ahowing credits and debits to the Funds and the
<br />pUrposrfor 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`tht'amountof the Funds held by Lender, tage:her w-iththe future monthlyinstallments af. Funds payableprior to-.
<br />[he ducdates of taxes, assessments, insurance. premiums and ground renh; shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be.. ar Borrower's .option, either :
<br />protnpdyrepaid to Bormwer or credited to Harrower on monthly installments of Funds. if the amount of'the Funds
<br />'.hddbyLendershail.nottiesut6cienrtopaytaaes,assessments,:insurance'premiumsandground rentsastheyfalldue.
<br />Borrowershaltpay to Ltnderanyamouninectssaryto.makeup Ihetfeficitncy within 3(j days tromthedate notice is mailed -
<br />by Lender to Borrower requesting payment thertot.
<br />Upon payment in full. of ail sums secured b}' this Mangagt. Under shalt promptly refund to Borrower any Funds
<br />1xW byLender. If tinder paragraph 18 hereof the Property is sold orthe:Praperty is otherwise,acquiredby Lender, Lender
<br />shall apply, no later than imirtediately prior to thesa~e of the Property ar its acquismon by Lender, any Funds held. by
<br />Lmdera[[he'time of application a acredit against. the sums secured by thin Mortgage.
<br />3. ApNir~a o[ lsiy~em. Unless applicable taw provides otherwise. all payments received by Lender under the
<br />Note and,paragraphs 1 and2 fiereofshalt be applied by Lcndcrfirsz to paymenresf amoumspayable to'Lender by Borrower.
<br />under paragraph 2 heteaf, then to interest payable nn the ?Taft, then to ffirprincipai of the Note, and then to interest and
<br />principal oe any Futunr Advances.
<br />d. l'YarBas; Bens. Barrowtr snail.. pay all texts. assessments and ?thcr charges; tines and impositions attributable to '
<br />the Property which may attain a priority Aver this Mortgage, .and leasehold payments or ground rents, if any; in ttie manner
<br />provided under paragraph 2 hereof oa if not paid in such manner, by Borrower making payment, when der directly to the
<br />payeathereof. Bomvwershall promptly furnrsh to Ltnderali nouces of amounts dot under this paragraph; and in the event
<br />Borrower shall make paymrnt drrectiy; Borrower shalt promptly fumrah to lxndti receipts evidencing such payments.
<br />Borrowu shall promptly discharge,az[y ljen which has priorrty over this Mortgage; provided; that Borrower shall nrn tat
<br />requrred to diachargeany such lien so long as Borrower shall agnx' in writing tti the payment of the abligatian secured by
<br />such lien in i mwner acceptable to [.ender; or shall in gcwd faith canttst such lren by; ar tiefenii enforcement of such lien in, ;
<br />legal prtx«dirtgs which operate to prevent. the enforcement of the lien or farleiture of the Property or any pan thereof.
<br />S. tlinrenl lirereeaw Borrower shall keep the improvements now existing or latrcafter erected on the Prnpecty insured
<br />agaimt loss by flrt, harards xteluded within the term "extended cuvr, ~~e'". and such ether hazards as t.endtr may 7equtre
<br />aod(insttch amounlsand for such piriods as Lender mayrequirt; provided, that i.ender xhaltnot require that the amount of:
<br />sucheoverage exceed that amount of coverage reyuired to pay ttse sum. aei:urcd fay this !,iortgage.
<br />1'he inwrance carrier providing the insurance shalt tae chosen: by Borrower .object za approval by Lender; provided,
<br />that: ouch. approval shall nou be unreasonably withheld. A3i premrums an insurance policwK shall bt paid to the manner.
<br />provided uteder paragraph 2 hereof or, af'rtot paid in such rxtamser, by Borrower making payment, when due, directly to the
<br />insurance cartitr.
<br />Ai! insurance potictea and renewals [htttrot shaft bt an farm aa:eeptable to L.ender .ind shalt include a stanJard mortgage
<br />datiae in favor of and in form`aceeptabfc ta_Ltndtr. Iztidtr shall 1tave the right tb hold the policies and'rencwals ihertaf,
<br />' atad Borrower shall promptly ftnnish to.Lender alt. renewainotictsandaflreceip[s oC paidpremiums.. In iheeyent of loss,
<br />Borrower shall give prompt notice to the insurance carntr and Lender. Lender may stake prKal of loss if not made promptly
<br />by Borrowu.
<br />' Unless Let[ckt and Borrower othetwist agree inwriting, insurance proceeds shady be appjied to restoration ar .repair of
<br />the Property damaged, providi:d'sut;h resiaratton orrepairis uonamrcally feasible and the security of this Mortgage n
<br />not thereby impaired. It catch irstarationor repair is rto[ tconumiutffy feastbfe or aLthe sixtrrity oC this: Mortgage would
<br />"bt impaired, flee insuraoceproceeds shall be. applied to the sums sect;tedbyihis Mortgage, with theexcess, if any; paid
<br />to Borrower: If the Ptopert} is abandantd by Borrower, or if Borrower fails to respond to lxnder within 30 days. from the '
<br />Batt ooticeis mailed by LendtrtO.Boirower that the insurancecarrier offers to settle s clams for insurance benefits, Lender
<br />is wthaiazat to colbct and apply the insursutce proceeds ai l.erxier's..option tither to res[oca[ion or repair of-the:Property.:.
<br />or to thastrms secured: by thin Mortgage
<br />Udtas Lender and Httrroncr o•3tetwise agree in writing, any suds application of pracetds to !anntipal shall not extend
<br />or posipont;tltt due dais of the monthly installments referred zo in paragraphs.l oriel 3 hereof or change :hc amount of
<br />such itutaBmeets. If under paragraph ig hereof the Property is acquired by Lender, ail right, title and interest of Borrower
<br />in andw any insuranctpOlicies and in andto the procetdsthe:eat resulting Eroni damage to the Property prior to she salt '.
<br />ar acquis:rion shalt pass to Lender to the. euent of the sums secured by :this Mortgage immediately. prior to such sale or
<br />acquisition.
<br />C Pteaervasinaand 4t+lairteosoee ol. Property; I.easehttlds: G'ottdnmittieets; Planned. Linn Dtvelopmenis. Borrower.
<br />shall keep the Property in good repair and shall net' commit waste tar permit impairment or deterioration. of the Property
<br />.and shall comply wis}t: the provisioas of any lease if this Mortgage is on a leasehold. if this Mortgage is. on' a trait in a
<br />condaminitzm or a planned unit development, llorrawer shall perform all of Borrowers obf~gatians under the des:{aratian
<br />or covenants crtaiiag or govtraiag the condominium or planned unit development the by-laws and regulations of tnt
<br />condominium Or planned unitdevelopmtnY, and constitutnidocumenes. if a condominium ar planned t:nitdevelopmtnt
<br />railer is ehtctittd by Baravwer and recorded together with this Mortgage, the covi;raurs and agrcensents of such rider
<br />shalt be incorporatednta and shall amend and suppiemeni thecovenants and agreements of [.his Mortgage as i fthcrlder
<br />l_ wee a part. hereof:.
<br />7, PrWectbe b[ Letadei's Securlty, if Borrower faiLc to perform the covenants and agrcemtnis contained in this
<br />'Maatyage, er d aay :tc#an or proceeding is camauncexf which materially. affects Lender's interest in the Property,
<br />including, but nut jirrtittd to, tminen£ domain, insolvency, code enforcement, ar arrangements ar proceecltngs involving. a
<br />bankrupt or decedent, flteu I..tnder at Lender`s option, upon notice to Aarrower, may make such appearances, dtsbursr. such
<br />stairs and late such action as is. ntttsswy to prni¢ct L.e.nder's interest, including, but. net kirrazted to; drslautsemcn[ of
<br />rtasotiai"ie stterney's Errs and cxttry upon the Property ea make rtpafrs. If Lender cry u,ireci mortgage insurance as a
<br />cottditicn o5. t~<i.akinQ th•: &+in secured by this al artgage. Bor;;c.uer sfaall pay the preinrutns rtq taircd [es maintain such
<br />%tuntr~-c ii- tf;n:t anti! such fling as the rtquircmtni far suyh +nsuranct terminates m ac~orda::ce with Bcrrawsia and
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