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<br />82- t~G4f3y~
<br />Ut+matM Covar+,ttrra. Borrower and Lender covenant and agree as follows:
<br />L Ih~rreaf of Pr~eiptd sad Internat. 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 />ar arty Ftmm Advances sectuud by this Mortgage.
<br />2. FaAs tor'Ih:a astd hsttar~ea Subject w applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly instaltmcn[s of principal and interest are payable under the Note, until the Note is paid in full,
<br />a at[[n therein "`Funds' equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />phta oue-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />dine to time by Leer on the basis of assessments and bills and reasonable estimates hereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency fincluding Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground-rents. Lender may not charge for so holding and applying the Funds, analyzing said acwunt,
<br />or verifying and compiling said assessments and hilts, unless Lender pays Bortower interest on the Funds and applicable law
<br />permits Lender to make such a charge, Borrower and [xnder may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and dehits to [he Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due data of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said saxes,
<br />assesshents, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited [o Borrower on monthly installments of Funds. If the amount of the Funds
<br />hdd by Lender shall not be sttf5cient to pay taxes, assessments, insurance premiums and ground rents 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 mailed
<br />by Lender fo Borrower requesting payment thereof.
<br />Upon payment in full of al[ sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Propetty is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received bV Lender under the
<br />Note and-paragraphs 1 and 2 hereof shall be applied by 1_ender first in payment of amounts payable to Lender by Borrower
<br />tinder paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Futtrre Advances.
<br />4. Charges; Llws. Borrower shall pay all taxes. assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents. if any, in the manner
<br />provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making payment, when due. directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly tumish to 1_ender receipts evidencing such payments.
<br />Borrower shall promptly dischazge any lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required to dischazge any such Tien so long as Borrower shall agree in wrung to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any pan thereof.
<br />5. hazard Insurance. Borrower shat! keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts arid for such periods as Lender may require: provided, that Lender shall nut require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured 6y this Mortgage.
<br />The insurance cazrier providing the insurance shalt be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not tx unreasonably withheld. All premiums nn insurance policies shall he paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />AB insurance policies and renewals thereof shall 6c in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to lender. Lender shall have the right to hold the policies and renewals thereof,
<br />amt Borrower shall-promptly furnish to Lender all renewal notices and all receipts oC paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to the insurance carrier and Lender Lender may make proot of loss if not made promptly
<br />by Borrower.
<br />UNess Lender and Borrower otherwise agree in writing, insurance pr.x eeds shall be applied to restoration ar repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. if such restoration or repair is not ewnomicalty Feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shalt be applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower If the Property is abandoned by Borrower, or if Borrower tails to respond ro Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Mortgage,
<br />Unless Lender-and Borrower otherwise agree m writing, any such application of pra:eeds to principal shat) not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph 18 hereof the Property is acquired. by Lender, xIl right, title and interest of Borrower
<br />in attd to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acgttisition shall Bass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />6. Peesetvatba sad Maintenance of Property; Leaseholds; Condominiums; Planned Unit llevdopments. Borrower
<br />shelf keep the Property iu good repair and shag not commit waste or permit impairment or deterioration n€ the Property
<br />and shall comply with the provisions of any lease if this Mortgage is vn a leasehold. if this Mortgage is on a unit. in a
<br />condoatiriium or a glanced unit development. Borrower shall perfornt al! of Borrower ~ obligations under the dcctaratiott
<br />4t COVenania Creating or governing the condominium or planned unit development, the by-laws and regulations Ot the
<br />+:oadomirtium or planned unit develogmcnt, and constituent dexuments. If a rnudominiuc or planned unit development
<br />rider is txacu[ed by Botiower and recorded together. with this Mortgage, tht covenants and agreerncnts of such rider
<br />shat! l7t intxirporated into and shall amend and supplement the covenants and agreements of this Mortgage as it the rider
<br />were a pact hereof,
<br />T. Ft,Wectiast of Letfdsr's Stxurlty. If Borrower fails to perform the covenants and agreements contained in this
<br />Mortgage, or if any action at ptoceeding is commenced which materially aflccts Lender's interev m the Prstpeny,
<br />incittdittgf but not timitgi tn, ettunent domain, insolvency, ~~de en(irrixtaeat..~r arrangements Jr , ,. ';;tgs involving a
<br />bankrupt oa decedent, then Leader at Leader's option, upon notice to Borrower, may make Bach eppcar,.:.~c., disburse such
<br />atrms attd -Yakm such attitm as is ncc~essary ut protect l.eoder's ~riteresa, incktding, btu nut limited u,, disburxeemerit of
<br />ratuopafide attotnoY~s fees and entry upon the Propet'i}' to make tapasrs. If Lendaz required itwttgagc insurance as a
<br />condition at making the lean ssttnvd by ibis Mortgage. Bottowet shall pay the premiums requirixf to maintain s~+ch
<br />ituttlranCi+ in affect until latch time as the regt.titnmetu for sta:tx insurance terminates in accattlan4s with BJrttswer'a and
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