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<br />$~.r t~ (i 2 314
<br />Urrti°ottttCovEtantsl's: Borrower and Lender covenaitrand egret as follows:
<br />t. Taptnetrt of Principd aed Interest: Borrower shall promptly pay when due the principal-of and interest on the
<br />iredrbtedness evidenttd by the Note, prepayment and. Latecharges as provided inahe Note, andthe principal of and interest
<br />on ar.} Furore Advances secured by this Mortgage.
<br />2. Flreda forTaxa anti fas>•nsee. Subject to appticablr lea or to a written waiver by Lender, Borrower shalt pay
<br />to Lender on the day monthly ms[altments of principal and interest zre.payable under the Note,: until thq Note is pa"td-ir. full,
<br />a stmt (herein "Fronds"i equal to one-twelfth of tlic yearly taxes and.. assessments which may attain priority over this
<br />Mortgage, and ground rents ea the Property, if any; plus one-twelfth of yearly pretnium mstalitnents-far hazard .insurance,
<br />plus one-twelfth of yeaely prerniturt instaflrnents for'inortgaga insurance, if any, alt as-reasonably estimated nitially and from
<br />dme to time Ly Lender an the-basis ofassessmentsand bllsand. reasonable estimatesthereof.
<br />ax Funds shall be held rn an institution tfie deposits or accounts of'which are insured or guaranteed by a Federal or
<br />state agency finduding Lender if Lenderis such an iastimtionl: Lender liatl apply the Funds'topay said axes, assessments;
<br />:insurance premiums a»d ground: rents, Lender may not charge forso holding and applying the:Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrowerinteresfon the Funds and applicable law.
<br />permitsLendcr ±e make such a charge;'Borrower:and. Lender may agree in writing at the,tirne of executionaf this '`
<br />Mortgage that interest on the Funds shalt be paid to Borrower, and'uniess such agreement is made`or applicable law
<br />'requires such interest to be paid,Lendershall natbe .required to payBotrowcr anyinterest car earnings'vo the Funds: Lender
<br />shall give tv Borrower, without charge: an annualaccounting o£ the Funds showing credits and debiu to the Funds and the
<br />ptupose for which each debit to tlfe Funds was made. 'Rte Funds are pledged as additional security for the sums secured
<br />6y-this hiertgage.
<br />If the amour[ of the Funds. held by Lender; together with the future monthly installments of Funds'.payableprior [o
<br />the due deers of tales, assessments, lnsurance premiums and ground rents, shall exceed the amount required topaysaid taxes,
<br />assesatnertts; ,insurancepremiums and ground rents as they fall dues such excess shall be; at Borrower's option; either
<br />promptly repaid to Borrower or'credited co Borrower on`monthly installinenrs of Funds. if tfie amount of the Funds
<br />,held byLcnder shall not besut5cienrto pay razes, assessments,. insurance premiums and groundrents as they'fall -due,
<br />Borrower shall pay to'Lender: any- amount necessary to make up the deficiency within 30 days: from the date notice is malted
<br />:by Lender to. Borrower: regitestitig pnymenttherevf..
<br />ilpoa paytneru in full of a1I. sums secured-by. this Mortgage, Lender shall promptly refund to Borrower any: Funds
<br />:held by Lender. IYnnder pazagraph i£l hereof the Property is sold or the Prapem is otherwise. acgmred by Lender; Lender
<br />shall app[y, no later than immediately prior to the Tale of ttie Property or its acquisinon by Lender, any Funds held-liy
<br />Lender at the tune of application as a credit. against the sums secured by this' Mortgage.
<br />3. A~NYeMior af`Pav~e~. Unless applicable law provides otherwise. all payments '.received by Lender under the
<br />No[rand paragraphs;l~ and Z hereof shal}beappliedby Lendet:firsrin payment of amounts payabletoLenderby.Bgrrower
<br />under. paragraph ^ hereof, then to inserestpayahie omthe Ndte,-then. to the principal of the Note, and then to interest and
<br />principal on any FutunAdvances...
<br />A. Charon: Lieec; Borrower shad pay: all taxes.assessmcnts andother charges; fines and impositions attributable a,
<br />the Property which may attain apriorify over this Mongage, and leasehold payments yr gzound Tents, if ally, to the manner
<br />provided under paragraph 2 hereof or, if not peed in such manner, by Borrower making payment, when due, directlgto the
<br />.payee thcreo[. Borrower shall promptly furnish'to Lender.all`notices of amounts due under this paragraph,+and fn the evem
<br />Botrowcr sha}I make payment directly, Borrower shall promptly famish to Lender receipts evidencing'such payments.
<br />.Borrower shall promptly discharge any lied which has priority over this ;Mortgage; provided; .[hat Borrower shelf not be
<br />required to discharge any such lien so long,as Borrower shall agree in writing to the payment of the obligation secured'by
<br />such lien in a manner acceptable to Lender,. or shall in-good. faieh contest such lien,by: or defend enforcement of uch lien in,
<br />legal proceedings which operate to prevent .the enforcement of the hen orfodeuure of the Property er any part thereoL
<br />S. liWrd hwtrawce. Borrower shalF keep the improvements now existing orhereaftet erected on theProperty. insured
<br />against loss by fire. hazards included within the term `extended: eaverage",.'and such. other hazards as Lender may require
<br />and m suchamounts'atid torsuch periods as Lender may -equine; provided, that fender shalt noY require that. the amount of
<br />such coverage exceed hat amourtbof coverage required to pay the sums secured by zhis Mortgage.
<br />"Cho in urwee carrier providing the'nsurance shall be etiosen Try Borrower subject to approval by Lender; provided,
<br />that such approval shall not Inc unreasonably withheld: AlI prcrniums on insursnce policies hall be `paid in the manner
<br />provided;under paragraph T hereof or, if noppaid in such manner, ny Burrower making payment, when due, directly-tolhe
<br />insuratxe carrier.
<br />`- All insurance policies and attewals thereof shall be in form acccptabic to Lender and shat{ include a standard mortgage
<br />clean in favor of ands in form accepwbk to'Lender. Lendershall -have. chc right to hold the .policies and renewals thereof;
<br />and Borrower shall promptly furnish to Lender all renewal notices and alLreceipts of paid premiums. In ttie event of loss,
<br />.'Borrower shall give prompt notice'to the insurance carrier and Lender. Lender may make proof of loss: if hot made. promptly
<br />: by. Borrower.
<br />Unless Lender and Burrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Properly damaged, pravtded such restoration or repair is :economically.. feasible artd the security vE this Mvitgage is
<br />not thereby impaired. If such restoration br repair isnot econotnicatly feasible or if`the security et this:Mortgage would
<br />be impaired, [he insurance proceedsshall-be applied tc+ the stuns secured Eby this Mortgage. «~irh the excess, if any, paid
<br />to Borrowers it the Properly is abandoned by Borrower, ar a Borrowerfails. to respond to Lender within 3U days. from the
<br />date notice is mailed 1ry.LendtrtoBorrcwerthat thr insuranceca>•raer offers to settles claimfor-insurance benefits, Lender.
<br />is authorized to collect and apply the ittsusance proceeds at Lender's option ether to restoration yr repair'of the Property
<br />or to the sums secirreif by this I+forigage,
<br />Unless L;tnder and Borrower otherwise agree in writing, any, uch application of :proceeds to pnncipal;shall not extetad
<br />or postpone the due date of tttemonrhic installments referred to~:in paragraphs l and 2 hereofnr changc,the.:amountof
<br />such insallments. It under paragraph ! 3 hereof ttte Property is, acquired by :Lender; all right,' fide and interest wf Iiorrvwer
<br />in aMl to any insuranx policies and in ant [o [hc pmcece{s thereof resultinghorn`damage,to. the Property prior tothe sale
<br />or acquisinon shall pyasto Lender to the extent ct the sums,securedb}' this Mortgage immediately priorao such sale or
<br />acqufsitaon.
<br />6. [resenatiao >md bfitietettaoce of Property; 1_easeholds: Cuoduminiums; PLnned UnirAevelopments. Borrower
<br />melt keep tlx Property ingoodrepair and shall not ~i.,mmi[ L+•aste or permit impairment or deteriorationof the Property
<br />and shall comply with the prC•visions of an. ease -f th;: P'wrtgage a on aIeaseho7dl. if thu.~Mgrtgage~ls. nn a. uair in'a.
<br />cotsdominiurn nr z planned uni: eiecaopr.:ent. B>: ru~s~er .:h-h pi dr+rm aliof Borrower's obligations ender she declaration-
<br />or ctve¢ams creating ar governing the candmnin,r,m u: , .armed amt dove{opment; the :bylaws and regulations ofthe
<br />conck~rmnium or planned unit ucvciopmcnt. zr.d asniiuieci Jxunicn•s, if a condvminium'or IDlannedL'r4{Y development
<br />rider is axacured by Bor.cwer and recorded together •wnh .h,> Dlor[Kage, the couasnants .and agreements of such rider
<br />shalt it incarpvratcd into raid shall onicrd and scppiem n ~ ,~ ~o ~nir,[; asd agretrne,pts of This Mortgage asrf the rider
<br />wre a part hereof.
<br />i 7. Prariec6oo of l,esdecs Securih,. If 6cr~;~acr I ~, pudorm the covenants :,ad ngreemants;ci5ntaiitied in this
<br />~,.~ Mortgage. ar it mty a.acr c_ ,ro~~~edi~g .mn .t c' hire n riafl lie „ ~.iu<'rs httuest in. the Ysvperty.
<br />incicd ug but r -ruteu to c.rni:ze t d~,nat^ r - r;. ve _i i ..tent :r,p~mut S ni pr. ~eed~ings tnvo]vctg. a
<br />bar3 r,fp. -ir de ~!c.i., t;•.ea [ cndcr at l ende~'s , .. ,~f^ _ Pinata
<br />~ ~'. , ~ ay itu 4.e 1, aplr~.riancxs, cintrurse sash
<br />r
<br />~nmx and talc +u,lr eitioi3 t1 a aacasaan t,r protect Ccru.t~s i. c5t. ~.. .J ~.~_ ^u .t liru'ed to,. lftcbatrsetnen! at
<br />reawra at ~.., r~eya :ar> -,nd c~ri . rJ: ;;nt rc,pe-;. .. nah0 cpa~,~:. if Lender. r'GUirr':.I ntottgagc insurance pia
<br />~oaa Ss ~-„s e ~talurr~, nc~ ~.~ao :e~urx:J ~} she tit rtga,.f. "s ._ .. .~.. :-a} ;t.-o.~srerexiucas rrquirca t:~ rrt«~intain sux;h
<br />itivTtar x;~m is c lei n ti-' ,xn;h ta.rslC as :hc xr_v+tts~mcn[ .u ur_~, :•.su..,.icc i;.rm.~ea2~s let aCCori'ulni".e- with Bra rc±xers and
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