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<br />8~a-°i~C19397
<br />Ut+moass t^,overur€'rs. Borrower and. Lender covenant and agree as tailows:
<br />f. Payment of Pstaelpal atsd laaerear, Borrower shall promptly pay when due the principal of and interest on the
<br />indebteeineas evidtnctd by the Nola, prepayment. and late charges as provided in the Nute, and the principal of and interest
<br />on any Future Advaotts secured by this Mortgage.
<br />2. t?aada for Tsttase atad Iswtaare. Subjea to applicable Iaw or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly instaitinents of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (hercie "Futrds'7 equal to one-twelfth of the yearly taxes and assessmenu which may attain priority aver this
<br />Mortgage, and gmuod rent: on the Property, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twetfth of yearly ptrtniuttt installments for mortgage insursnce, if any, all as reasonably estimated initially and from
<br />time to time by Lendtr on the basis of assessments and bills and reasonable estimates thttrof.
<br />The Fonda shall be held i» an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agtncy (including Lender if Lender is ssrch an institution). Lender shall appl}' the Funds to pay said taxes, assessments,
<br />insurance ptemiuttts and ground rents. i-ruder map not charge for so bolding and applying the Funds, analvrvng said account,
<br />or verifying and compiling said asscssmtnu and bibs, unless Lender pays Borrower interest an ;he Funds and applicable Iaw
<br />petmia Lender to make stub a charge. Bore»wer and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shalt tx paid to Borrower. and unless such agreement is madt or applicable law
<br />requires such intertst to be paid, Letrdtr shall not he required tti pay Harrower any interest or earnings on the Funds. C_ender
<br />shat! give m Borrower, without charge. an annual accounting of the Funds showing crediu and debiu to the Funds and the
<br />purpose for which rack dtbit to tht Funds was mad[. The Funds are pledged as addi[ional saunty for the sutras secured
<br />by this Mortgage.
<br />if the amount of tht Funds htld 6y° Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assess»teats, insurance premiums and grou»d rents, shalt exceed the amount required [o pay said ta>ies,
<br />aasesuaea[a, ttuursrtce premiwns and ground rents as they tall due, Stich excess shalt be. at Hormwt~s opaan, either
<br />prampdy repaid to Bonoww't or creditM to Borrower on monthly installments of Funds. if the amount of the Funds
<br />ttdd hY Lender shaft not be sutBcieni to pap tatter, assessments. tmurattcr prcmnims and ground renu as they fall due,
<br />6orrmver shaft pay to l,rardtr any amount nreassurv to makt up the deficiency within ?0 days from the date nonce is mailed
<br />br Lender to Harrower requesting payment tMrrnf.
<br />Upo» paytntrt[ in full of all Burns stv:urcd try this ;xfortgsgt. I_rnder shad promptly refund [a Harrower any Funds
<br />held by Lerrder. If Under puagnp6 tg hereof the Prolurtv is sold or the Propest}' is atherwrsc acquired by Lendtr. Linder
<br />shall apply. no later than immediattk^ prior to the .ale ter the Pmpem or its acgmsuion by Lrsrdtr, any Funds htld by
<br />Ltndrr at the tint of application as a credit against the sums srcurtd by the Mortgage.
<br />J. ArpNcatloa of Paymeata. Cinless apphcablc law pmvrdes othtnvice, alt payments rrctired by Lender under the
<br />Note arxi puagraphs t and 2 hereof shall be apphrd by I.xndtr first to paxmrnt of amounts payable t» Lender by Borrower
<br />un~r paragraph '_ hereof, thin tU mtere:a payable on the :~'otr. then ts, the principal at the Note, and then to interest and
<br />prrcipal on crag Future Advarxes.
<br />i, Chas$en i.kwa. Borrower shalt pay ati taxes.::+>essmrnia grid llthrr .barges, tines and impsuitiuns attnbutablt to
<br />the Property which may attain a pnotny avtr ihrs ~turtgage, grid leasehold payments or ground rents, if any, in the manner
<br />provtdrd under paragraph 2 boreal ar, it War paid in such manner, h}' Borrower making payment, when duo d[rxely m the
<br />pay« thcreaf. Btxrrawer shalt pmmptiy turntsh to Lendtr all Wooers of amounts dire under th€s paragraph, and in the [vent
<br />earrowtr shall makt pa}°mrm drrrrtty. Borrower ,hail promptly tunrish ro Lender rrcripts evidrnctng such paymrms.
<br />Borrower sttaFl promptly discharge any Sien which has priority :., rr this ttaflgsge: provided, that Burrower shalt not !x
<br />regtu[ed to diu:harge any sux:h !cen >o tang as Hcxrawu shad attree tr. ,`Wring to the payment at rhr uh#igation secured by
<br />such lira m a manner acxeptabk to t.entkr, or shall in g4><id fauh cr:ntru s~^ch tan by, or defend rnfareetrtent al such lien in,
<br />legal ptoceestiitgs which operate to ptrvttrt [tie e»forzrment of tttr hen .n totteuurr .if the PrcYpeny Er any pan thereof.
<br />S. Ilaaard Itsswaece. Hurr:r,vrr xhsH krrp the impmvementx m,w rsiuing .+r hrreafur erected en tht Property insured
<br />agarttst !su> b7 tire, harards included wuhin the term ~tvrreded .~=rcr;.ge". axxd swh other hazards as l.tteder ma}= require
<br />and in suds amounts and tar such periods as Lendu rata} reyuuc, ,=ra v€drti that Lcneitr shtdl not require that the amount of
<br />strrh cavtrage exretd that amaum of s:o>cragc rrquued to pa} the sums :retired by [his Mongagt
<br />Ilse itrsuraaer carrkr provitting tfre itrsurarx:-c shalt t+e citt,srn by Bstreo+ner snbtti:t :a approval try Lrn~r, provided.
<br />thu stu-h apprtrval shall not be uorcasonahly withhekL .ill prcmrums oa rnsurarn'e poircro shrdf be paid in the meaner
<br />proviritt! under paragraph 2 tftrr+af ar, tY eau pard in sta:fr tttanttrr, by Hcrrowef making paymtnt, when due, directly to tht
<br />insutaact curer.
<br />Aft itrwr-nct pohcits aced retiewala tixcrrxit shall !x in tom[ a4`.rptat*lc to I.rnti.-r and >haU include a stn»dard mortgage
<br />clatru in favor of amt rn farm arxrluahk to Lender. t_errckr shall ha,r be ttghi rr hold the pulictes and reerrwals thereof,
<br />and lorrower shall promptly fur»irh to Lemler alt rrrerveat rrnsces and ail rcerip[s Ut paid pm»urms. l» the event of lass,
<br />Botntwrr shat) ativt pn>mpt mice to the r»aurance carrerr attd I.erxdrr. Lrndrt may make prituf t?t kxss if not made prampity
<br />!xY BOITPNK.
<br />Lttrlesa !.trader and Borr4wrr cxhcrwixr ogler to wntittg, i»sutuwe prswrtds shalt hr applied tit rrsaxratuxn ar repair at'
<br />the Ptxaptrty dsatagrd, pranded suet[ rratarauaa .+r repair +> rcxrrnxmasiiy €casrbk 3tul ahr security of ihrs Mixrtgage i
<br />race[ thiuaby imP+rt~- Ct sorb restoration or repair » not ccs~mHtrrcaliy frsuftk o[ ii the securuy dl this Morigagt would
<br />he smWxrrd, the inruraa~~ prixtrrds shall ht app#xd i.> the ,Urea seeUred by this htangagr, urth the ts.-es5, if auy, pard
<br />to &rtrawer. tC the Property a abatalotud by Borr+,wer, ar it Borrower tad, to respond to Lender within :;f7 days tram tht
<br />date [rotor. es marinl 6}' Lender ro Bw'rower char the tnsuratxc cartrtt oitets to xrnk a claim far insuratrrx berwtits, lender
<br />t> tutttariaai to caxlkrY amt apply the itrsurame prc+coeda at Lrndrrx option either to rgtutaiion or repair of the Property'
<br />x to tht cams secured by this Mangagt.
<br />Uirlm l.etsder and llorrowsr aKtterwrar agree in venting„ any Stith appl»:atro» of pntrteds to prr[rcxpai shag not extend
<br />or pststpone the duo dot ixt the awntttty iaxatlrttenis rrfernd nl ur paragraphs i and 2 hereof or change tht amount of
<br />cttch tnstattmenES. If under paragraph kit berwl tto Proptrty a ax;quued by Lettikr, all right, tide amt mtrrpt of Barn,wtr
<br />in and to any inxu(anct pdicits aotl in and to iht prureeds thereof resulting Irom damage to the Property prior to tht Bak
<br />ar aryuiainaa snail pass to Lendtr to the eateae of the sutra setumt by this Martgagt immaliamiy pritx u+ xtrch Bak ar
<br />rcaPtisi+usn.
<br />~. Praautayas aai hfaiaaeaaxc at' Propestrt leaeLaida l'aadoeotaio~t Plsaotd filet! Urvdopareats. Harrower
<br />stroll kaap tiaa Property in goad repair oral sltsB tax coxnout waste or pernvt itripairmt[rt ur dtterierauoa at the Pmpcny
<br />sad slratt comply with the ptrnisions of any Iwisa if ihrs ~iartgage as on a ltasthotd. If this Mixngagt is ctn a unit in a
<br />casxdoatsianrsu w : pianneet ursit ticrtinpenent, Botnwrr ,hall prrfnrm aIt ai Borravvrr's ahligattcros under the dretarauo»
<br />or-aaveaaata crcatittg au goversrntg the. comtas»tniutn or planned unit devrtcyxnttnt, €he by-taws artd rogulatioen of the
<br />:~ t>r planatd attic tfrv~aslrrtstnt, and con>titurm ti:rurm»tx if a r;undiminium or pia»»ai unit ckvak,prnent
<br />rNlar p ettaxvsat try tlOrntwe[ stud r Yorrttd n.griher witn ahl5 wf angeigr, tlx 44,vrn;,nts :lied i.grremetlt, t`: rivet! rider
<br />tat 9nwrpsicatgni unto amt shall amend and suppkmem the cctYrnant> and aittCltxenks xd ihrs Mortg.+;-~- ,.~ ,i the rider
<br />..one a put treraart,
<br />?. PwasrYw d I.esaAer's ~. Iz Borrinvrr 'sits t.+ pertium the :ovetia»tx and agrcrmtots ,-::ta+itrd m this
<br />tvr t# sax aa'tstaa +x ptit~adiog i> c=~irrmtrra'rat witla~tt materially atTaas Lender ~ unrrrst 3tt tht P*oprny°,
<br />it+ Aut tsca Citrtsted tn< rrN dosn+an an>a>}vttary, ~cxk x^»f<.rtYSUtrrt, rat anrxttgtrarntt€ »r tarawrtdinga Sitvr,lving a
<br />hitaiarage or sMtisdaast. [hart Leader et t,.rWdet'> .t;n»,tt, :ipo» »sxica t<+ Borr;~wrr, mar make arch appeararae.>, disbirrst xsn:h
<br />>LiBa iYf1 tat4t axittt IFfalxrn as u necstsayr'S tyx prxUat;t Lcrrkr'+ uttrrr~, iegatxtrfbr, t`ut t>iX liniitrd lit. d1.4bUF7rrnent .+r
<br />rrtggarabla rttoraaiJi tcaa and envy ulxai €i€e Property t+ neakc rxpaU>, tt lender ~eyutrrd nr4sttgagr irr>urance as a
<br />;>4'~ p uf--aaai.~ ilia lwn sts:tired by tt~ta hC tit kl{atrr. kkart*wca s+rali aY the t+c etdsiu7ne rrzlU»'~ed te'+ malutsnt xtwh
<br />iaiwuaaaae In ellaet. Soso! nwlt idia6 as €ht txs{cutontent it,r x,>sh ui>itrtetxe trr€e»etaars +n ui.ardatu'e w--+ah B+,rfavwrr'+ and
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