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<br />Lixtaatttst L'avnN.crtrs. Borrower and Lender covenant and agrc°e as follows;
<br />I. Payment of Prfncipal acid Interest. Barrosver shad pramptiy pay when due the principal of and interest on the
<br />indelttecL~ess evidenced b-y the'~~ate, prepayment and lane charges as provided in 4he Note, and the principal of and interest
<br />an any Future ridvance; se<~tsred by this Mortgage.
<br />~, ?'nods fa: T>t and Insies2ttice. Subject to 2ppiic~bie law or to a written waiver by Lender, Borrawex shall pay
<br />to Lender on the day manihiy installments of priacipa) and interest ace payable under xhe Nate, until the IVete is paid in full,
<br />a s'am (herein "Funds") equal #a one-tevelfth of the yearly taxes and assessments which may attain nriarity over this
<br />is`4atigage, ana' grattrrd tsrt4s an the rrapct=ty, if any. plus vnc tt~~ =.h of year ly pr°cmiun4 install.:tents for h~ :3rd i^~t~'y*~'A
<br />plats nmv twelfth of yearly premium instanments far mortgage insurarre, if any, all ac reasonably estimated initially and from
<br />? ;ix to ts?~;° by Iv~nder an t$e bas4s of assessments and 6ii4s and reasonab4e estimates thereof.
<br />The Funds shall be held in an institution the deposits ar accounts of which are insured er guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender sha31 apply the Funds w pay said taxes, assesstrients>
<br />ius~an~ premiums and ground rents. Lender may not charge far sa holding and applying 4he Funds, analyzing said account,
<br />or verifying and campiiing said assessments and bins, unless L`cndcr ~a.s Ba ,~~:er interest an &'ta Fm,ds and applicable law
<br />permits Linder to make such a charge. Borrower and Lender may agree in writing at the time of executiaa of this
<br />N€asigage that inrerest an the Funds shad be paid to Borrower, and unless such agreemeat is made or appticahte law
<br />rcu~ttires such interest 4a ta, paid, Lender shall not be required to pay Sorrawer say interest or eazaings ar. the Funds. Lend€r
<br />shall give tit Borrower, without charge, an annual accounting of the Funds showing credits and debits fo xhe Funds and the
<br />r,irpase for which Path debit to t£te Fuadc was made. The Funds are pledged as additional serenity for the sums secured
<br />by tills MarEga~.
<br />If the amount of the Funds held by Lender, 4ogether with the future morthiy installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shah exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fait dax, such excess shall be, at Borrower's option.. either
<br />grtxmptly repadd to Borrower or credited fo Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender ahaIt not be suff4aiene to pay taxes, assessments, insurance premiums and emend rents as they felt due,
<br />Barrawer shah pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Harrower requesting"payment thereof.
<br />s3pon payment in full of all sums secured by this Mortgage, Lender shat} promptly refund to florrawer any Funds
<br />held by Lende.*. If under pazagraph 18 hereof the Property is Bald or the Property is otherwise acquired by Lender, Lender
<br />shalt apply, no later than immediately pear to the sale of the Property ar 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. AIti,I~atl3a aP F~tayrnes s. sinless applicable law pravid~ otherwise, a'-1 payments received by Lender under the
<br />hate and paragraphs 1 a.Rd 2 hereof shat! lie applied by lender fleet in payment of amounts payable to Lender by Harrower
<br />under paragraph 2 hereof, then to interest payable an 4he State, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />$. i;iaaxgcsF Liens, Harrower shall pay all taxes, assessments and other charges, $nes and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in rite manner
<br />pravidcd under paragraph 2 hereof or, if not paid in such manne,-, by Borrower making payment, when due, directly to the
<br />payee thereof. Harrower shall promptly furnish to Lender aFl notices of amounts due under th'ss paragraph, and in the event
<br />florrower shall make payment directly, Borrower steal} pramptiy farms ; to Lender receipts evidencing such pay~tte='tts.
<br />Borrower shall promptly discharge any lien which has priority over this Maftgage; provided, t}tat Borrower shalt not be
<br />rewired to di°M.~`4arge any suet: lien so fang as Her newer shall agree in u•ritiog to the pagmen4 of the abiigatian secures ..;
<br />such lien in a manner acix;ptabie to Lender, or shall in goad faith a:antes4 sash lizn by. ar de_°°°nd enforcement of such leer ia,
<br />legal proceedings which operate io prevent the enforcement of the lien ar forfeiture of the Property ar any part thereof.
<br />5. Iiaa~td Is~.trasce. Borrower shah keep the imgrovetnents raw existing or hereafter erected as the Property insured
<br />against lass by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />sad in such amounts and Tor such periods as Lender may require; provided, that Lender steal{ not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage,
<br />'£f v utsairatt-..e :st:izr providing 'tee insuranc° shah be chosen by Barrawer subj~t to approval by Lender, provided,
<br />that such approval shall not be unreasonably withheld. An premiums on insurance policies shall be paid in the manner
<br />r;.~ided under parag:gph 2 her~f or, if not paid in such mn~:~r, by Harrower making paym-mot, when du€, d+'r~tty to 4hz
<br />~'~An insurance policies and renewals thereof shall lx in farm acceptable to Lender and shall include a standard mortgaged
<br />clstisx in favor of and in farm acceptable to Lender. Lender sltail have the right to bald the palicios and renewals thereof,
<br />and Harrower shnil promptly furnish eo Lender all renewal Settees and ail receipts of paid premiums. In the event of loss,
<br />Borrower shall give prampf nafice to the insurance carrier sad Lender. Lender may make praaf of loss if not made pramptiy
<br />by Borrower.
<br />iJaless Lender and Harrower a~erwise agr~ in writing, insurance proceeds shall be applied to testoratian ar repair of
<br />the "roperty damaged, pmvtded such it'staration or repair is esanomicafiy feasible and the security of this Mortgage is
<br />rat 4hereby impaired. If such restoration or repair is Hai econemicany feasible or if the security of this Mortgage world
<br />be impairtd, the insurance proceeds shall be applt'ed to the stuns secured by this Mortgage, with the excess, if any, paid
<br />to Harrower. If the Praperr}• is abandoned by Borrower, or if $arrower faits to respond to Lender within 30 days from the
<br />date native is mailed by Lender to Harrower that the insurance carrier offers to settle a claim far insurance benefits, Lender
<br />is aumorized to r-allect and apply the insurance proreetfs at Lender's option either to restoration or repair of the Property
<br />or 4a the sums secured sty this Mortgage.
<br />sinless Lender and Harrower otherwise agree in writing. any such application of proceeds to principal shalt rat extend
<br />or postpone the due data of the month! i, staiiments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />sums installments. ff udder paragraph ! 8 itereaf the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and is any insurance policies and in and to the proceeds thence} resetting from damage to the Property prior to the sate
<br />ar acquisition shah pass to Lender to the extent of Cite sntns <_ecured by this ; `aarigage i,i,m,c-diataly prior to each sale ar
<br />acquisition.
<br />~. ;*rrseevstlui: said Maintenance of Property; I,ea~'stalds; ~endumialums; Pleased llinlt Dev~pitienis. Borrower
<br />shalt keep the Property in oaad repair and s`ttall -not commit waste or Hermit impairttaea4 or deterioration of the Property
<br />.and shall comply with the provisions of any lease if Ehis Mortgage is on a. leasehold. If this Mortgage is on a unit in a
<br />candaminium ar a planned unit develaprnent, Barrawer shall perform all of Borrower's abliadations under the declaration
<br />ar :.bsenants cresting or governing Late condominium or planned unit development, the by-laws and regulations of the
<br />eondaminium ar planned unie'development, and constituent dacttments. if a condominium or giattned unit development
<br />iidar is i;s~aitcd is. Hotiawer and rzbar«,~d tagetlter wit: this R9artgage, the covenants and agreeme:tts of such rider
<br />shall- rte incorporated into and shah atrtend and supplement the covenants -and. agreements of this Mortgage as if the rider
<br />were a Scant hereof.
<br />':. Q°~:~.~° ',.~ tee: s qty, 1= Harrcrv~r fails to prrfuriti the raivenants and agr~ntents rortained in this
<br />Riartgage, or it any acticxt ar proceeding. is commenced vthich 4riaterially a8eets Leader's interest in the Property,
<br />petciuding, but not limited to, eatiaerd domain, irisotveney. -code enfor:.eittent, ar derangements or proceedings involving a
<br />bankrupt or decedent, than Lemler at Lender's option, upon- notice tat. Borrower, may make such appearances, disbuese such
<br />sums and to#e attoh actiL~s as is i~ossary to protect Lender's- interest; rc[uding, bast rat limited ta, disbursement of
<br />reasonable attorney's fees and entry upon the Property to make repairs. if Lender required mortgage insurance as a
<br />canditian of making the-loan secured by this Mortgage, isorrower shall pay the premiums required to maintain sash
<br />insurance itt effect until such time as rile tt;quiteittent fat such insurance terminates in accordance with Borrower's and
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