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<br />82-~(i`~'320
<br />LJ i'rrr'OttM CovErrxtrrs. Borrower and. Lender covenant and agree as follows:
<br />1.PxyieeMOt$rha~#pdimd'Interest"BorrawersitallpromptlygaywhenduetheprincipalofandrteresYon'the
<br />indeMedrteas evidenced by the Note, prepayment and late charges.as provided in the Note; and he principal of end: interest
<br />on 'any Future: Advances secured h}' this Mortgage.
<br />2 I+`aaia for Taa>et rted Iaatrnece. Subject to applicable law or to a written. waiver by I:ender. Borrower sha11'pay '
<br />to I.endcr on the day monthly installments of grincipal and interest are payable under the Note, until the Noteispaidin full,.
<br />a strm (hereiat "Feuds°~ equal to one-twelfth of the yearly taxes and assessments which may` attain printery over this ;
<br />Mortgage, and ground rents on the Property;if any: plus`one-twelfrh of yearly premium installments for hazard insarance,
<br />pliisotte-twelfth of yearly premium installments-tor mortgage insurance; if any, alt as reasonably estimated vitally'and from
<br />- time to time by Lender vn the basis of assessments and'bills'and reasonable. estimates thereof.
<br />-. "l7reFunds shall be held in an institutiorithc deposits oraccounts:of which are insured or,guaranteed by. a Federal or
<br />state agency (including Lender if Lender is such an institution): I:ender shall applythe Funds to pay said lazes; assessments,
<br />iosttrance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said.: account,
<br />or verifying slid compiling said assessments and bills, unless Lender pays $ortower interes;on the Funds and'applicable law
<br />permits Lender to make such a charge: >Borrower and Lender may agree in writing at the time of execution of 'this'
<br />Mortgage tttatt iniet•esr an the Funds shall be paid to`13orrower, aod'unlcss such agreement is'made or applicable: aw
<br />.requires such interest fobepaid, L.under shall not beaequired to pay.Borrower anyinterest orearroings on theFunds: "Lender`
<br />shaLT give to Borrawu, without charge, an annual accounting of the Funds showing credits and: debits to the Furods and the
<br />ptrrpoae far which each debit to the Funds was made. The Funds-are pledged as additional security for the sums secured
<br />t+y tins Mortgage.
<br />if the amount of the Funds held by Lender, together with the. futuremonthly installments of Funds payable prior to
<br />thadue dates of taxes, assessments; insurance premiums-and ground rents; shall exceed the amountrequired to'pay said taxes,
<br />afsasatenu, irt>iurattce premiums and ground rents: as they fall due, such excess shall be; at Borsowers_option,:either
<br />:.promptly repaid to Borrower-ar credited to Borrower an monthly installments of: Funds. If the amount of the '.Funds
<br />held by Leader shag sot=lx sufScient to-pay taxes,' assessments; insurance: premiums and ground rents as'they fall due,
<br />Borrower shalLpay to Lender any amount necessary to make up the deficiency within'30 days from the date notice vs mailed
<br />byLersdertaBorrower,regttestingpaymentthereof, :
<br />LTpoa payment in full of a!1 sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Leader. If underparagnp6118 hereof the Properly rs sold or the Propery is otherwise acquired by Lender, Lender
<br />shalt apply„tin later than immediately prior to the sate of the Property or its: acquisition by Lender, any Funds Held.. by
<br />Lender at the time of application as a credit against the ems secured by this. Mortgage.
<br />3. Allikraiw a( Payieea~tit. Unless. applicable law: provides otherwise, all'paymen[s received: by Lender under the
<br />Note attd paragraphs t and 2 hereof shall be applied by Lender first m payment of amounts payable m Lender by Borrower
<br />uaderpuagraph 2 hereof; then to interest payable on tfie Note; then to ttie principal of the Note; and then to interest and
<br />priticipai on,any Future Advances:
<br />3. Cirgea; Rtes. Borsower shall pay all taxes, assessments and other charges; fires and impositions ,attributable to
<br />- the Property which mayattain s•priorityoverthis'Mortgage, acrd leasehold paymenzs oc ground rents, if any,=-in the manner
<br />provided under paragraph2ltereof or, if nocpaid iosucfi manner, by Borrower making payment; when due;idirectly;to the
<br />payee thereof:: Borrowetshali promptly famish to Lender all notices of amounts due under this paragraph, and io the event
<br />Borrower shall make paymenUdirectty, Borrower shall promptly famish to Lender receipts evidencing such payments:.:
<br />Borrower shall, pranptly discharge: any lien whtch Ilse-pnonty over this°MoRgage;` provided,` that Borrower shall not be
<br />required to discharse any,such lieoso long as Borsowershall agree ir, writing iv the payment of the obligation secured by
<br />such lien ins manner acceptable to Lender, or hall in good faith contesrsuch lien by; or defend enforcementof such lien in,
<br />legal proceedings which+operatetg'preven[ the enforcement of olio Iron orfodenure of the Property or any: part thereof.
<br />S. Hrtar/ Itswra~ce. Borrower shall keep the improvements now existing or hereafter eructed an the Property insured
<br />against loss by bre, hazards included withm`ttte term "axtended coverage". and such othcrhazards as Lender may .require
<br />and-in such amounts and-for such. periods as Lender may requim; providedithat Lender halLnot require thatthe amount of
<br />such'covenge exceed that amount of coverage, required to pay the sumssecurud by this Mor^gage.
<br />'il~ insurance carrier providing the insurance shell be thosen by Borrowursubject to'approval by Lender; provided,
<br />that. such approval shall not be unreasonably; withheld: Ali premiums on insurance policies shall<be paid'in the manner
<br />provided trader;paragraph' 2 hereof $r, if not paid in such mariner, by-Borrower making payment; when due; directly to the
<br />iosaranct carrier.
<br />All insurance policies and renewals thereof. shalt be in torn acceptable to tender and shall include a standard mortgage
<br />clause En favorof and in €orm acceptable to Linder, 'Linder ehail have [he:rjght to hold the: policies and renewals thereof,
<br />and Borrower slta4 promptly furnish to Lender all renewal :notices- and alt receipts of paid :premiums. In the<event. of doss,
<br />Borrower shalt glut prompt notice to the insurance carrier and Lender. Linder ntay male proof of loss if not made promptly
<br />by Borrower. '
<br />Unless Lendu :md Harrower otherwtse agree 'tn writing, insurance proceeds shall be applied to restoration or repair of
<br />thaProperty damaged, provided such restoration or,repair is ecdnomicaliy'feasibie-and the,securin of this ~Lortgage is
<br />trot thereby impau'ed. if such restoration or repair is not economically feasible or if itie security of this llottgage would
<br />beimptrired, the cuaurance proceeds shall be':applied to?[he stuns-secured;by this Mortgage, wiihahe excess, if any;.paid
<br />to Borrower. tt the Property is abandoned byBvrrower, or if Borrower fails to respond to Lender within 3D days"from zhe
<br />date notice a marled b}' Leader to $orrowcr that the insurance carrier often to settle a claim for insurance .benefits;. Lender
<br />is aurharized to cOlletcatul applytlte insurance pruceedq at Ixnder's optioneidrerto restoration: ar repair of the Property
<br />or to the sums secured by this: Mortgage::
<br />Liniess Ixtider and Borrowerothcrv.•isc agree ur writing, anysuch application of proceeds taprincipai shall not extend
<br />or postpone the due date of themonutlyi^ztatlments rc:crred to-in paragraphs Land 2 hereoEor change,the'amount o[
<br />such installments If under paragraph lg hereof :lice Property is acquired by Lender, alt rrght, title and interest of Borrower
<br />ir, and to any insurancepoGcies andin andao the proceeds thereof=esulung from damage to thePropurtyprior tothesale
<br />or acquisiuvn shall pass o Lender to ittc extent of the sutras secured by this Mortgage immediately prior to uch .sale or
<br />acquisition.
<br />6. Pnaenatioa ud bfa3ateaa~e of Propeaty;:.Leaseholds;.. Condominiums; ,Planned Unit llevelopments. Borrower
<br />shalt keep the Properly in good repair attd shalt not commit wasxe or permit impairment ordeterioralion of the Property
<br />and shall comply with the yrovisoas of anyEease itthis:Mortgagc rs ooalcasebold. It this'MOrtgage is a^ a trnitiin a
<br />conciaminium or a planned unit de~~elopment;:Borrawershall:~rtorm ali of.Borrower's-obligations underthe declaration
<br />or covenants creating er );ovcrning the condomnuium or panned' imit development, the by-laws. and regulations of the
<br />condamirtium er alarmed attic drvclopment. and consvtueat documents. if a condominium orplanned tnrit development
<br />rider ;z exetiuted b'; itarr~w~er audrez:arded:together with tha.Martgage,the covunantsand agreementsof satchrider
<br />shall be incotg,irated into and cha.l amend an.l ,upplement the covenanu and agreements of thin Mortgage as it the rider
<br />were a part hereof.
<br />{ 7: ProYOrtien of header's 5ecrrity. if B:r t ~ ,.°arls to perform the covenants and agreements contained in. this
<br />a lfurilCage. ur ii any sctictn „r pro;.ecdtng „ ~<,.mtence+ .Much rnaterialiy. a$ecis.LSntter`sititeresi in.3hc Propetty,
<br />irsctuding, but not l~m,tcd to. crnincit domain:. ~. .cn.:y, ~:<xlt unfarcutnent;ur arrargemen[sar pracearliags invalvinga
<br />isani:rutn cr dtccderzL nc~r_ Leaxirr at Lender's c "x anc~^, nonce to Barrawet, may make suctrappearances; disburse such
<br />sunny acxi talc ouch xctiun ax is ouc-.ar~ =. t, yr:acct sonde^i isuurest. ioclud:ng..but natlimired: to, disburten:cnt s~f:
<br />reux.~s^,a.1~:~ .atte,rnoy'e iac~ recd tarry u;;o^ he Property to make rcp-airs. IC f-ender rcq to red mortgage it'-*urnaici as x
<br />eordtit,;u of making ibe kraa ~tvcut5xl try ;hs 4l, rt,.n,~c_ Ba:`zo++~r shad pay the ,-~rniurtts. regtnred tc> :mairvtain surly
<br />nvnzuaace in ctfea until v,K:: c,mc :r- xis rc{~.:rre;rt;cnt fo' ,,,z to instrzazxc~zermiraate~ an :,~gvrdar?ec ns SthSszrit3wcr't: and
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