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<br />82=002212
<br />- UytPOtLx~t Covsivarrrs.- Borsowerand Lendeccovenanrand agree'as follows:
<br />1. Payment otPrindpal and Interest Bnrmwer shat: promptly pay,when due the principal of and interest om the
<br />._ r irdebmdness evrdenced by the Note, prepavmer ant lare chargesas provided m the: Note. and the prinerpalof and interest
<br />en any Futuro 9dvances secured be this Aso tgege.
<br />2. Funds for Taxes and Imunoce. Subject toapp}icable law•.ciz to awrittenwaiver by -Lender, Borrower shat! pay
<br />to Lender on the dag monthly installments of princpalandinterest are payable under the Nvte.:until the Note tspaia in full.
<br />- a sum (herein "Funds") equal to one-twelfth of the. yeary. taxes and assessments whtch" may attain:. ptibrity over this
<br />Mortgaga, and ~rouod rents on the Propem. if any.:. plus one-twelfthof yearly premiuminstallments forhazard'insurance,
<br />plus one-twelfth of yearly premium Installments formongage`insurance.ifan}', all: as reasonabh'estimatedinitially and from
<br />time to time b}~ Lender on the-basis. of'assessments and biitsandreasonable estimates thereof.
<br />Tile Funds shall h held i¢'an institution tht:deposits v: accounts ofwhichare insured'or¢uaranteedby a Federal or
<br />state agency iinduding LendertifLender is such:aninstitution): Lender shallapph=the r'undstopay said taxes, assessments,.
<br />`insurance premiums and ground rents: Lender mag not charge for o holdia~ and appiyin¢ the Funds, analczing said accourrtr
<br />or •-erifying-and compiling-said azsessments and bilts; unlessLender pays Bonawerinterest on the Funds and applicable Saw'
<br />permits Lender to mal:c such acharge.- Bo: rower and Lender ma}' aeree m w.~nng at the dime of executioh of. this`
<br />Mortgage. That interest` on the Funds shall be paid tv' Borrower.. and unless such agreement is made or: applicable law. -
<br />reauire5 such interestto bepaid Lender: shall no: be regwredto pay Borrower am• interest or earnings' on they Funds:Lendef'
<br />shall give to Borrower; withoutcharge. an annual accounting-of the Funas showing credits and debits to the Funds and the:
<br />purnose for which. each detiit to_the Funds was made:. The Tunes are. pledged as addinonal securin• for the sums'secured
<br />by this Afartgage. -
<br />If the amount of the Funds held by Lender. together. with the fuwre monthly instalJmenr of Funds' payable prior m
<br />the due dates of :axes;assessments, insurance premiums and ~rotrnd ren[s.shaQ exceed the amount;equired'to pay said taxes,
<br />assessments; insurance premiums and ground rents as they fall due. ;vchexcessshall be. ar Borrower's option: either
<br />-:. pre[nptly. repaid to Bozroweror credited.: to :Borrower do monthh' instalments of Funds. df the amounF of the Funds
<br />held by lender shall not be sufficient to pay taxes: assessments, insurance premiums-and g,•ound rents as thew fall due.
<br />Borrower shall pay to Lender any actouat necessan to make up the deficiency within `30 days Srom ttte date nonce is mailed
<br />6a• J.ender o Borrowerrcquesung payment thereof.
<br />Uponpaymenr is full ofallatmusectrred by this Mortgage. Lender .shall promptly refund tv Ba-rowez any Ftlnds
<br />held by Lender. If under pazayraph 1 S hereof [he Prgpem• is sold or the Property is otherwise acquired by Lender, Lender
<br />:: shall apply. no Iarer than immediaul}` prior to ttie sale of the Property omits acquisition ,by Lender, soy-: Funds held by
<br />Lender at the time of application az a crtdit against the sums secured by this AJoctgage.
<br />3. AppiiaNOn of Payments. Unless applicable law• provides otherwise. all,payments received by Lender :under the
<br />Note and paragraphs l and 2 hereof shah be applied by Lender fiat in payment of amounts payable to Lender by'Borrower
<br />tmderparagraph ?.hereof, then to interest pacableontne Ncite, thento the priocipai:of theNote, and thente interestand
<br />principal on=any.Futiue Advances.
<br />1. CMtteq I3sas. Borrower shall pay ail taxes: assessments and ether charges. fines and iinoositions attnbutable to
<br />the Property which may attain a pnority over this Atongage, and leasehold payments or ground rents, if any;. in the manner
<br />provided under paragraph 2 hereof oz, ifnof paidinsuch manner, by Borrower making'paymeni, when dues directlytothe
<br />paytx thereof. Borrower shal{ prompay furnish to Lender al! pouter of atnounts due under this'paragraph.,and in the event
<br />Borrower shag make payment-dtrectl}t,Borrower shay promptly furnish'to Lender receipts. evidencing such :payments.
<br />Borrower shall promptly;dischazge any lien which has priority over. this AJortgage; provided, ..that Borrower shall not be
<br />required to.:discharge any such lien so long as. Borrower shall agree in N~riting toahe payment. of theobligation secured by.
<br />such lien in;a manner acceptable to Lender,-or shall in good faith contest such: ]ten by; or defend enforcemenr of such°lien in,
<br />.legs] proceedings which operate to prevenrtheenforcement oi;the lren'or forfeiture of the Propeny or any pan thereof.
<br />S. Blazttrd lossraatt. Borrower shalkkeep the improvements nou eitishng or hereafter erected on :he Property-insured
<br />against loss?by fire;'hazuds.induded within the term "extended coverage"; ;nd such other. hazards az Lender may require
<br />and in such amounts and for such. periods as Lender may requjreprevided, that Lendef shall:nv{:require thatthe amount of
<br />such coverage exceed that amount of coverage requiredto paythe sumssecuredbe this Mortgage.
<br />Tho'insurancr'carrier,providing the insurance shall be chosen b}`Borrower subject .o approval by Lender.'provided,
<br />that such approgalshall not be unreasonably withheld.. All premiums on insurance;policies. shall be: paid in the .manner
<br />pronded udder paragraph 2 hereof or, i€ not paid in such manner; by Borrower making payment, when. due; directly to the
<br />insurancbcartier..
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage .
<br />clause mfavor of and in form`acceptahleto.Lender. Lendershall. have the:: right to held the policies andrenewals thereof,
<br />and Borrower shall promp[lyfurnish2o Lender all renewal notices and all:receipts of paid premiums. In the. event ofloss,
<br />Borrower shall givtprompt noticeto the iosu:ancecacrier and Lender. Lender may_make proof ofloss if not'madepromptly
<br />bv_ Borrower.
<br />Unless Lender and Borrower btheiwise agree in writing; insurance proceeds shall be applied io restoration or repair of
<br />Inc Property damaged; provided. such restoration o; repair is economically; feasible and the security of this Mortgage is
<br />not thereby impaired. `If such restoration or repair is not economtcall}' feasible or if zhe security. of this Mortgage would
<br />be impaired; the: insurance proceeds shall be appliedrto the Burns secured: by this Mortgage..with the excess, if any paid '
<br />to Borrower: 11 the Propene is abandoned by Borrower', or if Borsower fails to respond io Londe; wrtliin 30 days from the
<br />date noti:.eis mailed by Lenderto Borrowerthat the insurance carrier offers rosetde ~ claim fornsitrancebenefits, Lender
<br />is authorized to collectand apply-she insurance proceeds at Lender"s option. either to restoration.or repaitrof the Property
<br />car to the sums secttted:by this lvlongage.
<br />Unless Leader attd Borrowerotherwiseagree m t~•riting, any. wch application of proceeds to. principalshall not extend
<br />or postpenetne due date of ihelmonthly:installments referred to. inparagraphs 7 and2 hezeofor changeliheamount of
<br />>uch installments. If under paragraph 1Shereof the Propeny,is acquiredby-Lender; allright,'titleand interest of:Borrvwer
<br />in and :e any insurance policies and in and to the proceeds thereof resulanfi from damage to the Propem prior to the sale
<br />or acgttisitioa shall:pass to.Lender to the.:estent cf`the sums secured bL.this btvrigageitnmediatelyprior to wchsale or
<br />'acgitisiuoo..
<br />6. Prettrt•aiion and bfaintenance of.Propenv; Leaseholds; Condominiums;:Planned Unit<Developments .Borrower
<br />.shall keep-fne Property in good repair and shall nor commit waz2 0: permit impairmem cr deterioranon of rite Prepett}
<br />and shall. comply with the provisions of amllease if this Mortgage s on a leasehold. `If his Alortgagc is bn a,unit in ::
<br />condominium or a planned unit development, Borrower shall.. perform ail: of Borrower's obligations under ih~ dedarauon
<br />a: covenants creating;oz governing the condommtnmor planned watt development: the by-jaws and rcguauor,s'ofthe
<br />.condominium or planned unitdevelapmern, and constitucmrlocuments, Sfa condominium arp!anned unit development
<br />rider is ese;uted by'Burrowe: and reco.*ded togetheFui[h this Afottgage; the covenants and agreements of such- rider
<br />shall oe iucorpetatediote aid sha:i amend and supplement the covenant, and agreements of'tnis. Afongage as ,f they rider
<br />wen a Hart hereof.
<br />L 1. Protection of LendePs Secunty If Borrower Earls to perform the covenants and agreements contained in this
<br />Mortgage, or if an} acuan or p e~eeinn; s commenced which materials} affectsLender's - interes-. inlhe Propeny,
<br />indutJinz, bin not limited to. atitinent domain. insolvency, code erforeeanen;. or arrangements i~: proceedings ta•:olving
<br />oankwpl o. decedent:rhea L_nder at Lende-'s option- upon notice to Borrower, mad t-tak<_.suchap,zarances. disburse such
<br />_stints anh. take such acuvn as isngcessan• t0 prdrect Lenders ntarest: ;ncluding, but not limimd to, disbunemctit s:(
<br />reuoaableattotney's fees and entry upon Cne Property. to makerepairs. IfLerider required mortgage iasuYanccas a
<br />Condition of making. ibe loan sectssed b}' this Mortgage. Borrow,-er shall pa~~ the premiums required to mslntaia suci:
<br />iasttrance in e:Itct until sueh timt as the tequireme nt =`vr such insurancetcrmiuatcs in aceordantc a:tit Ba„ewer's and
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