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<br />7~3-- ?.1~3~3~~~
<br />LiratFOr3M Cov€~n:~-rs. F.^,rreswer and [,.ender covenant and agr~ ~s follows,
<br />I, PsYntextf of P¢LtclpaF and 9tsteresf, Borrower shall promptly gay when due the ptincipai of and interest on the
<br />indehtedaess eviderkced by the Note, pregsyment and tare charges as provided in the Note, and the gtincipat of and interest
<br />on arty Future-Advances secured by this Mortgage.
<br />~. tpnade for -~-pace ate jnsucaetcr aubiect tv apysicab aw ar to a =:'.^:tt=n *v'-i„Pr by tender; 9orrower shalt pay
<br />+~ LendeE• on ~~ day-mthly iastatiments of peiuctDal and interest are payable under rte Note: until the Noir is paid in fait,
<br />a ;t„-~ ~.e=n "Fines"} -aoual to one-twelfth of the Yearly taxeg -and- assessments -which may attain priority c.°nr t'ts
<br />Mortgage; and ground rents on the Property, if any, pins one-twelfth o€ yearly premium installments for hazard tnsurance,
<br />plus 4is~twtlfth Df Yearly premium instaiitaeats for mortgage insuratter, -if any, ail as reasonably estimated initially and from
<br />fi~ tea titter by ~srder Bart th€ basic of a€se ssmt'ttts anti. bibs and ieaeanabie estitnate.s thereof.
<br />The Enrols zeFtall be held iii an institution the deposits or accc3unts of which are incur=d qr guarant~3 by a Feaster or
<br />state agency finciuding F:carler if Lender is such an institution}. Fender shall apply the Funds to pay said taxes, assessments,
<br />irrstnrfrtce ptrmiunts and ground teats. Lender may not charge for sa holding and appiyiag the Funds, anatyziag said account,
<br />or verifg~ag and catitpiling sai6 asa~sments and hilts; unless Lender pays Borrower interest an the Funds and applicable law
<br />~zmits Lender to make such a ettazge. Harrower and Leader may agree in writing at the time of execution of this
<br />Mart$age that interest an the Funds shall be paid to Harrower, and unless such agreement is made or applicable isw
<br />ttyuires such interest to be paid, trader shat! not be required to gay Banower any interest or earnings an rile Funds. Leader
<br />s__haiF give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />`purpose for which each debit to the Ftmds was made. 15re Fursds a_:e pledged as additional security for t he ~su~ sa,:sred
<br />by this Mortgage.
<br />}f the atttnunt of the Funds held by Lander, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground reins, shall exceed tbe aarotmt required to pay said taxes:
<br />assessments, insurance premiums and ground rents as they fail due, such excess shalt be, at Borrower's option, either
<br />promptly repaid to Borrower or credited m Borro~ser on manthIy installments of Funds. If the amount of-the -Funds
<br />held by Lett<!er shalt not be sttLScient to pay taxes, assessments, insurance premiums sad ground rents as they fait due,
<br />~~~,~ shalt pay to yonder any amount necessary to make up The deficiency within 3fi days from the date notice is castled
<br />by I-erttder to 8armwer requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />Maid by Lender. Ff under paragraph F8 herea€ zhe Property is seid or the Property is otherwise acquired by Lender. trader
<br />shall apply, no later than imu-tediately prior w the sale of the Property or its acquisition by Leader, any Funds -held by
<br />LentIer at the tiatr of application as a credit against the sutras secured by this Mart age.
<br />3, Aatlrsn of P~vLterrta. Unless applicable law provides otherwise, sit payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof-shaft be applied by Leader first in payment of amaunis payable to Lender try Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then io the principal of the Noie, and rhea to interest and-
<br />principal oa any Future Advances.
<br />4, Charges; I3eas. Borrower shall pay a!} taxes, assessments and attter charges, fines and impasitirn-u attrsbutable to
<br />the Property which tray attain a priority over this Mortgage, and leasehold payments or ground rents, if any, is the mamxi
<br />provided under paragraph 2 hereof or, if not paid in such meaner, by harrower making payment, whets dire, ditectlyto the
<br />payee theiecf. $tarrower shall promptly furnish to Lemlet ail notices of ameurrs due under this paragraph, and is the _ -t
<br />Ftorrowez shall make payatent duectiy> Borrwver shall pratnptly fnrni_<§ to Lender receipts evidrnciag such payments.-
<br />Borrowrr shall promptly discharge any lien which has priority over this Mortgage; provid~i, that Harrower sl€alI not. be
<br />required to discharge say such Lien so long as Borrower shxb agree in writing to the pay3n2 ~ of the abhgatirrs ~uz~ L'Y
<br />such-lien in a manner acceptable io gender, or shad in goad faith contest such tiers by, or defend enforcement of such lien in;
<br />Legal proceedings which operate ur prevent the enforcement of the lien or forfeiture of the Property ar any pax[ titereo#.
<br />5. )fl~ard Imcnranee. Borrower shad keep the improvements now existing or hereafter erected an the Property insured
<br />against lass by fire; hazards included within t'~ term "exxended coverage". and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shalt not inquire that the amount of
<br />such coverage exceed that serener of coverage required to pay the sums sceur+€d by this Mortgage.
<br />`1'be insurance carrier providing the insurance shalt be chosen by Borrower subject to approval by Lender, provided,
<br />that sash agpmvaf sFsatl not be unreasonably wlthlteid. All premiums oa ~i~u«r~ pola.i~ ,l:ati '.~ mid *.'r ttre "'°°"~*
<br />nrovidrd under paragraph Z hereof or, i f nor paid in such manner, by Borower making payment, when due, directly to the
<br />iastt,~itce : a.*r,~'.
<br />,Ali insurance policies and renewals thereof shall be in form acceptable to Lender and shalt include a standard mortgage
<br />clause ut fever of and in form acceptable to Lender. Lender sltail !rave the tight to hold the gaiictes and renewals thereof,
<br />and FF:,rrt3a~r ;halt protptly #urr?sh to I.ertder all renewal notices and a}! receipts of paid premiums. In the event of loss,
<br />Borrower shalt give prompt natiee to the insurance carrier and Lender. Lender may [Hake proof of loss if not made protnptl;
<br />by Borrower.
<br />Unless Leader and Borrower otherwise agree ir. writing, insurance proceeds shall be applied to restaratiott ar repair of
<br />the Property damaged, gmvsded such restoration at repair is et;onomicatly feasible and the security of this Mortgage is
<br />Hai therrhy impaired. If such restoration or repair is not ecottamica3ly feasible or if the security of this Mortgage wattld
<br />be irngairr<,', the insurance proce^/.Is s_ha3l be applied to the sutras secured by this Mortgage, with the excess, if any, Faid
<br />to Borrower. Ff the Property is abandoned by Borrower, or if Borrower faits to respond fa trader 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 />s autltorizrd to collect and apply the insurance pr©eeeds at Lender's option either to restoration ar rrpaie of the Property
<br />ar to the setms sectrrrd by tltts Moxtga$e.
<br />I;ruesc Leader and Barrewrr otherwise agree in writing, any such applicarian of proceeds to principa{ shah not extend
<br />or pastptme the due dart of the monthly iastailmems referred to in paragraphs 1 and 2 hereof ter change the arnaurtt of
<br />such installments. If ttndre paragraph I$ hereof the Frapertl> n acquired by Lender, art right, title and interest of $orsowrr
<br />is arras to any insurance policies and in and is the groc,:eds therw~f rrsuiting from darnage to the Property prior to the sate
<br />ar ac,~•.=s:ho„ shall pass to 3,Gndrr fo the extent of the sums secured by this Mortgag: immaliately prior to such sale or
<br />arquisit~.
<br />- ~. slid Al!.stuitt08~Ce-82'; P[tip2ity~ I.E°v5ChOFtlfr`, CarnUnrlnfamsi PFaaued iJ~it DrrveFoy~nts. Harrower
<br />- shall keep the Property in good repair and shall roll commit warts or permit impairment ar detezioratian of the 1'rnpertY,
<br />aruF shalt comply with the provisions of any tease if this Mortgage is on a leasehold. If-this Mortgage is on a unit in a
<br />condirmirtittm cr a pianaed nett der:clapxnent, Btirrawer sha31 perform-ail of Borrower's obligations under the declaration-
<br />ar covenants creating or governipg the condominium- or gianaed unit development, the by Taws and regulations of the.
<br />cotpdarmtsiunt ~ gleaned unit deveiapment, sad cuastituent -documents. If a cozrdottritaium or planned unit development
<br />-ride; i ei,zu hj ~-'ar sad-zecocded tagesher with this ,rlfortgage,-.the covenants and agtgemen;s of such rider _
<br />shall be iacontcrated intir and shall amend cud sugplemrmt"the covenants sad agreemen#s ,nf this I+Fortgage as if the rider
<br />wets a part l:eraE:
<br />7. Protection of Lenders 3ecurtty tf Uorrawer faits Fo perform the covenants attd agreements contained in this
<br />filcaigage. or if ;.ray eerier, o: l~.^.h"~.rg- :s can*rttcnceti which materially ~-affects Lender's interest in the _Procerty,.
<br />including, out Hat 1smitcd to, cmetietst dornaen~-insowency; code ent'otx:enen3, ar arrangements ar-~lisgs envolving s
<br />hanirn,P or decedent, ihea i.endrr aE Lender`s opttaca, ttpvn native fo Borrower; tttay make such appearances,-disburse-each
<br />sums and take such action as.rs necessary ib-protect gender's interest. including, but sot- limited to, disbursement of
<br />reasonable attomry's fees and -entry open the Property to make repairs. If I:endes requited mortgage insurance as a
<br />candiuo.~: ~f'rnaking-[Fie lean secured by-thee &TaRgage, Borrower shalt pay the premiums required to maintain such
<br />iffiurSttCe in effect-until such time as the tequfroment -for .such insurance terminates in accordance with Borrower's and
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