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<br />Uertpaaat Cavetvsrrrs. Borrower asuf lender covenant and agree as IDBows: ~~ ~~) U `! 3 ~'~ <br />1. Y>i}ateut of t!dtuipa! and lyderest. Borrower shall promptly pay when due the principal of and interest on the <br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest <br />on aety Futtrrc Advatx:es secured by this Mortgage. <br />2. Feeds ter Tam eed loauruce. Stirbject w appiicaf:le law ar to a written waiver by Lender, Borrower shall pay <br />to i.ender an the day monthly installments of principal and interest arc payable under the Note, Holt! the ivo[e is paid in fu6, <br />s sttm {hetxin "Fonda'! equal to tinetwelfth of the yearly taxes and assessments which may attain ptiarity over this <br />Miattgage, and ground rents on the Property, if any, plus anctweifth of yearly premium installments for hazard insurance, <br />plus arwtwetfth of yearly premium itratallinents tar mongage insurance. if any, atl as reasonably estimated initially and from <br />time ro titxu by I.eattkr on the basis of assessmrnts and hills and reasaaable estimates thereof. - <br />2be Funds shaft be hetd in an Ynstitution the depaxits or acenunts of which :are insured ac guaranteed by a Federal or <br />sate agency {ittcfuding Leader if !.ender rs such an irutitutien }. i.ender shall apply the Futsds to pay said taxes. asseuments, <br />irutttatrex preatittms and ground reins. Isnd+er may oat charge for so heiding and appt}'ing the Funds, analyzing said accaunt, <br />or verifying and campi}rng said assessments and bills, unless Lender pays 3orrower imerat on the Funds and applicable law <br />pt:rmirs Lender -to make such a charge. Bnnowrr and Lender may agre,r in writing at :he time of execution of this <br />Mortgage that interest on the Funds shall 6e paid to Sarrower, sad unless stub agreement is made ar applicable law <br />ret{nira>auh interest ias be paid, Ixnr~r shall not be rrquirzd to pay Brrewer ant- interest ar earniags an the FuTtds. Lender <br />shat) Give w Barrower, without charge, an annual sccaannag of the Funds showing crtdits and debsts to the Funds and the <br />purpose far which each debit ro the Funds was nracfe. lire Funds are pledged as addtuunal security for the sutra sxtrred <br />by :his Mortgage. <br />ff tau amount of the Ftvtds he&t by Lander. together with the tutors ausnthly enstatlments of Funds payable prier to <br />the due cfatea of rasa, asstasmzats. insurance: premtums and ground renn, shall excero the amount required to pay said taxes, <br />aeseustnetits_ tnsuratx:e premitittu arm grtxttrxd rents as they tall dun. sue3t excess shalt M, at Barraweis option, either <br />promptly repaid to Sarrower iv credited n Barrower on =.uanrhly snsialtmrnu of Farads. [f the amount of the Ftmds <br />ttdd tap Leader shall not axe xutFeieat to pay taxes, assrxcmrnis.. ,rrxura:u-c ptemnrms and grmurd rrnts as they PaT1 due. <br />Barrower stroll pay to- Lender any amount etecc».snrr ra :n;r,r up the drticeenca wtthtn 30 days Tram she date Hance is mailed <br />fry Lender to Burrower regtusung payttrem rherect <br />Upon payment :n fnl} of all stu»s se»:urcd h. tht» Y1,xngagr, t.cncitr .halt ;.r-wnpily refund to Borrower any Funds <br />hehf fay ixteefet. ff undex paragraph l8 hrrrat the YTaprnt :, sold ,sr thr Praprrtr =.s atherwtse a.gwred by Lender, Lender <br />shall apply, tw ldteT than tmtnestiatdy poor to the sale ,+t ihr PratxertY rr its acquistnon hs~ Lender, any Funds held by <br />LendCr at the ante rt appfuattnn as a cmdtt agasmt tt,r sums .xx;;r~ed by rhss ilorzgage. <br />3. A~liwt{ee of Pnssbia. l: Hire: apnhcat+ic haw rrts.. seas ,anrrutsr, nit payments re~etred by Letrder under the <br />Naxe and parageaphs i and 2 hereof shall ksc applrrat ny i.encter ti.*st .n patmrnt .+t amounts payattlc to fender by Barrower <br />under paragraph ~ lxm~t, then to antrrect ;SaYateir :-n thr ~o+e. taco to the prtmrpal .+t the Note, and [tun zo intent and <br />prtpctpaf an any future Advnexros. <br />i. 4lnate~ lJen, Borrsxwcr shall {'ar .alt !axes .:,xcsxnxnts .anal a+ttxr ,.hacgrx ?ism and etnp,nruons atnrlsutablc w <br />t!x PTnperty which may auam a prronsy aver €t;.m ~ttxtga(«e. aewt 1r:axehaed +agments or grannd rents, if any, m tau manta[ <br />provtaied ttuder parayrapdt _' herrat :ar, :t r,w ,,?aid .n rwA ueaonet. ;r+ &,trc+wer anatittg pasmept. when due. ditutty m the <br />payee ttrerenf. Brxrowrr stroll promptly turnxsft tx Lester at2 tt.xs-es at amounts Jtx utttler this paragraph, and in tht event <br />Sm'n>+.~r .haft male paytraeat du¢c-tt+~- ftarrs=wr.;r -.half rr.*mptty t..rtustr t.> i en,kr ;~r.rifxrs es~n#crtirng such paymcnts~ <br />Btrrroaret steal! prtnynls' disehatme .any Ixrt whxh has i•r. ,rnv a,-er thts llcuigage: ix€cw:akd, lost Bnrlowtr cAa6 tuff f7C <br />ieyuercl to dtscharge any sash lrcn „- 1.=n~ ~s Harraaet +tsatt arrrr ;n >`r.tcng esa :hr garment of tau vhhteatian secured by <br />sss:h ties :p a maarstr acrxi:tab# to f.emfe€..x »natl n; rest ;=a#x :a4r:est sash Ixa ns, sar .&fend rntarcrmcpt a>i such lien in. <br />leis! proeeedttlgs what[ aperatr t., prtvent tax cote=nerexnt :a e`;e l:cn a. ~trfexture of itre I'rapeny er any Part thereof. <br />~. Harard leniraaee_ }ktrrawcr shall krrp :t+r +tnprq:rTncntx sa:+u csrattng sx =,ereaizcr c:r:.ei awl the Protseny msttrett <br />~garrtti fostt by irr:. hazard. crsclaxsie-rf unfun :t>e t,-rm ~ .-.zrtuseil ~~xetaa'e and s:eeh .utrer ftaaardx as f,Ctulet mar require <br />arxf sn ss~A arwtnb anal a=x sux'h lsrruw#s a» l.,rrwier ta,t rryuti,-e. ^ .tsir.t, t}sat t.canirr ,Wait at xt rer~utrr that ehc amaum c±t <br />taxis cavrrapr sacred that atuaunT rf :=2~eragt rrytttrrd s., sax tkr ,•snes x-~urert hi- tfl:. siortgsge <br />71re ursurance rartxes provtdutg the snsvraner~ ,Wait lxr clx+xea hp Bsstmu-er xirhtret to appravst by Fzndcr, provtded. <br />rfrai racn ap{rraval sfraff nw 'x utrrrasnnztN4 wnhfre'.si .ail , remrnms .va ansa€sncez pair_•€a chaff he paid ur thr matuacr <br />prarredasf unr3rr @aragraph =herd cw, :f new peed to s=sit nxanrxr, trs B:x nwcr mai.;nit paytttent, rotten due, »ittatfy to the <br />irtsterarics carrier. <br />!tai istuttaTV:c pal; :es asd cers€wa; ts~tcfi shat,' tr cr. ,ee.na as:~.,-:stele =sa f :rst.a:r acd shall :irelutk a ;tandatd morigagr <br />x-iawe to favor cat slid m fsvm a:ce@tafxk to f.etrder- l c-nder shalt nnFe tlx asgbt tt::k+td the paitci~ and r,eauwais therrof. <br />attd 8nrrowter shaft petawsptfy '.rirttph u:. LeTafrr ail rrttrwat rt.-?ir:es +.s, atl ;rs-etpta a+k ^.ntd Frrnuums to ills es~rnt of lass, <br />Be»7ix#ver shall give prampi matue to the sratut aerCr ,-.arrtcr asst iens3rr € tnatrr zx.as- rxacx+ prcw,t +ai loss st sat mark promptiy° <br />t:v Sorsvrver, <br />t.`ttkaa Ltmder atuf Batrnw,er taherwrse aef€er s: anxutg, rnsuratrir ;>r;irrsk shah be appfauf to trstcxratitrtt or repatr :;f <br />the Pi~tg dafeaYttd. ptxwtded »sxh rtstar'aix*n .*r arpatr ~.x c:,~tavnrcaiiY ?rasr~ and stir 6ttLrnv ,tt t3ns Sivigage is <br />oat rhteeby unpaired. fI such rrsiaratw.+n err repau es lira t-~otw~mt~aitt' tr,.avt+Fr a,r ,s the inuutY =t the Sfuttgage w.xtW <br />be e6tptmed, the aatwranae prveaeeals shelf t>< appiraJ ts+ the xtllta8 srcurrsf by :has .bortga;t. route thr excrss, if any, pad <br />l0 Bdrrowar. tt tfsT Prapd'tY ra aiund»»naf try Bxw~xtwrt, or <; Baun>wer tabs to :r-pewx! to t..cnxkr wsthtp 31i days tresm the <br />date` natTSV ss toasted by t.ettdet to &wrtwver that the trtaurincr carraTr zLgers :a scale a xlatm fir xrtstrrara:c hrprhts, Lender <br />is aut6~ertaad to +.'idlact atrsf apply the rmuarar , rtazxds at Lcnstrt s c,ptran rrtfxer tc reaxaration ar repair. of the Prnpeety <br />or sax tht witm ssrut~ssd try tl>sa lNartpga, <br />t;tsien l.mai« asd Battxxwet wherwste a;tx en wr;nTrg. nets s;suf*. appPusiran ~+t ptaa;teds to priTtc+paf .tract ncx rxtrtxi <br />cx ptatttpwee the slue .face txf the nxrpihty rttsaailinents ;cirrre3 t„ +r, parrgtayhs t and _' herarf cr chaulte the amx+nt art <br />sedt irrirailtrsaass,. 1f~ attatkr paragraph tv hersa+f the Ynspert} e» a»;,tusrexl by l.emfrr. ati rtglt6 rack amt tnterrst at Stmswer <br />in a•9d tv aaY taaaraw:s ptriwaes and ip amt tas ,hr prc',<ads tiursr-t rrauRstttt t.ronr demaRe ut ihr Propertt poor ta, thr sale <br />ai aWr+nftintt shall ptras to Leader tax the rxtcau a'# rite sutra ataursw tax ihts Flatttgagr icrmediatrlr prxar i~~ much sale or <br />6. !'MMatvtMlMt aed Meielnaece at t9apsrty; f.etaas6eldc t~wuft~rwiarastt Ptaeaed L'tth tkvdspsteata. lls*trawrr <br />sbtdl the Pto~party u1 Ct*rd rcFs+ur att~d .Jsa}t txv csxatmtt wasec of pertrut tmpautrreae err detrrrntattsrn of the Prxsperty <br />sad.titsx~ ootupFy wttf6 the proreaaru of spy teabe it thes \lsvtgags =s am a waseh»>id €f >.his ~tawtpagc is sat a .,cur an a <br />~a +» x pdanaed asst sfevrictpraesst~ Baratw_ rr ,i+ali part+wm ail ~t &ttr;*wet s a,i>Lgatuwrs ixrrder ,ire dr:taratsap <br />xw ~ ctesrt~t aer ~tivermxeg tlwF ctxaka»m;um .xt lslrsnxxt ,.cost c+xsrhTpmrnt, the hY~lawrs ansf .- . +.,,=ns .^f the <br />esmdwtunesim of pfaaatsd ueN 3cs'etupment. ssr,r ..wsrtiturnt uacu,'rar~tx. 1, a .arncltwumium err l-iannrd , urktptrwnt <br />tts'~' p eritaaeted bt Bautrrsar and ra^wdwi apgclhu ':-slit ths» A4:,vtRnitr- al=r -esr~psna atsd ag,rreitnru• -. ";<h tt:kr <br />s~rB Eta sspaTpnesh~d aaau saw! ahali attarxrd ur.t »uppkst:rnt the ~re>srtxant. arat agtren»rrrls sal this Mortgage as :; thr :ales <br />svara s paR harwt. <br />7.. FeeRttdfata_ rt- taMtit'a ~'. If &wtower `nett =.: prriutatt thr c.»xvrnants amt -attrerrvenls +:~nratrirxi ~n th <br />~, *~ i# ash ;ss'ta'm ix praexeetdrsg :; Usamrncmr,l +•t;xh ntate€utls ;rtfrrs l?nakr~s :tstzrr.t ut fhr P~:,ixerrt•, <br />~„ stuA IiIFAlu1d ua. elm dwnlun. s.e+>€4- a.eafe aari.rr,-stneos, ~,r at,+nl{rn4tnts ,tr p-. r;.wiMfinES ugxalran~ a <br />belsdtraatt aT tAaraetMSS+et, iftua Gturdas- ar Laodat'x a»{ttts-m. up:wt wxgnx un Birrrwer. Bray rrtaRr atw~tt appcarart+:rs, deshvrsc cuctt <br />taltley arid. tails alts!! a =ra tf tserttY t>? prt»x~.t i..t:tulers ,a,sets+r.: ~:whuirerg- !sat s>+x lixnuMl tat, :tutwrerrtrcm s*. <br />retats~pA attrteeatiy's fees and ~rtry trg5rta (fee prsyttrr~Y t»; tr»a-r- aquaz tt i.,~<wsrr reyut~d nxrrtgater ursurapcr as a <br />egsideaiae aQ ~ tAa !aala. secuf~! f+;~ thta Lirsrfga~e, tl+*rr.nurr vhali ;*af t?+r lxrrnrxu'as :rat+stresi to mainta=.a: x,syh <br />egpota9lce ~! t~bpmY + ivCh tame sa [tae. s`~uirttteant fur s+uh tnatnsttw:rE ra'russpatea ,n x"r»mittnc~ wnh S,xrxcxwex'i amf <br />