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78~ ~ C~ ~ 2 ~'~
<br />Urar~oamr CavnrvnNrs. Bottower and Lender covenant and agree as fallaws:
<br />2. iPayment of I'rlncl~fl end Interest. Bormwer shall promptly pay when due the principal of and interest an the
<br />indsbtesktess svidencBd by the Note, prepayment and late charges as provided in the Note, and The principal of and interest
<br />czre any Future Advances secumd by this Mortgage.
<br />2. F far Taxes and Itffiwterrce. Subject to apglicable law or ro a wr'tien waiver by Lender, Barrawer shall pay
<br />to L,amiar an the day monthly installments of principal and interest are payable under the Note, until fire Noss is paid in full,
<br />:s~k „r €!:e v~rty Bates and assessments which may attain priority aver this
<br />a aunt inersin ~Fuaads") ecjui to ors-tv=:,=..., v, ,
<br />Mort¢aae, and ground rents on the Property: if any> Pius one-revel&h o€ yearly premium ir€staliments for hazard insurance,
<br />plus arsP'twsifd', of yearly premium inst tlm.ents far mortgage insurance, if any, all as r€aso~biy :stirFSated in tally and fmm
<br />time io time by Lender an the basis of asr~ssments and bills and reasonable estimates thereof.
<br />3 ne Fund shall i~ hzldsn an irtsisiu€iaa the de~tsits or accounts of whielt are insured or gttaranteed by a Federal ar
<br />stag aa~"aBy tinBlading Lender if Lender is such an institution). Gender shad apply the Funds to pay said taxes, as~ssments,
<br />ittstn^aaaa ptcnriums and ground ,cuts. Lender may not charge far se heiding and applying the Fuaas, analyzing said accrual,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borro'.rer interest an the Funds and applicable law
<br />pr_rrrtits Lender to make such a charge. Borrower and Lauder u,ay agree in writing at the time of execution of this
<br />Martgags that interest on ike Funds shad lee paid to Harrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt not 6e required to pay Borrower any interest or earnings on the Funds. Lender
<br />sha3 give to Harrower, without charge, an annual accounting of the Funds showing credits and debits Lo the Funds and the
<br />ypttrpose for wkieh each tlelsit za the Funds was made. "the Funds are pledged as additional security €or the sums cured
<br />by this Mortgage- ,,,, r tt,.,,,t~ n,,, p
<br />It the amount of the Funds held by Lender, together with the future manihly i. tal.u.enis a, ....--.. ~-, able riot to
<br />the dtts dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessinenis, insurance premitmts sad gmund rents as they fail dne, such excess shall be, at Borrower's option, either
<br />prampdp repaid to Harrower or credited to Borrower on monthty installments of Funds. If the amount of the F~
<br />held by Lender shall not be sufficient fa pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Horravver shall 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 />'Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund io Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, na later than immediately prior to the sale of the Property yr iu acquisition by Lender, any Funds bald icy
<br />Lender at the time of apglixiion as a credi€ against the sums secured by this Mortgage.
<br />3. Ap~icatton of Payments- Unisys applicably law provides otherwise, x31 payments received by Lender under the
<br />Nate and paragraphs I and 2 hereof shah be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nate, then to the principal of the Noty, and then to 'snterest and
<br />principal on any Futur Advar~.
<br />~, Citargrs; Y,Iens. Borrower shall pay ail taxes, assessments and other charges. &nes and impositions attributable zo
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, it any, in the manner
<br />provided wader paragraph 2 hereof or, if not paid iu such manner, try $orrakyr making payment, when dtte, directly to the
<br />payee t}ser~f. Harrower shah promptly furnish to Lenrkr all natives of amoun=ts due under this paragraph, and in the event
<br />Barmwes shall make payment directly, Borrower shah promptly furnish to Lender receipts evidencing such payments.
<br />By ow-er skatl prantp€ly disckarge any fien which has prsanty over this Mortgage; provided, tkat Borrower shall not '"
<br />required is discharge any ~:c;, lien so long as Borrower shall agree in writing to Clt9 payment of the obiigatian seBtired ley
<br />strBh lien in a manreer acceptable to Lender, or shall in good faith contest such lies by, or defend enforcement of suck lien in,
<br />legal proceedings which operate to prevent the enforcement of iky tier, or for€ei€•,tre of the Prapsrty or any ;tart thereof.
<br />3. )llfazard Ieaeasau. Hotrawer skail keep tke improvements now existing or hereafter erected as the Property insured
<br />against loss ley fire, hazards included within tke term "exteadyd :overage", and such other hazards as Lender may require
<br />sad in suck amounts and for such periods as Lewder may require; provided, that Lewder shalt ttat require iltat tke amount of
<br />such caveraga exceed that amount of coverage required to pay the sums secured by' tkis Mortgage.
<br />The insurance carrier providing tke insurance shall be chosen ley Bottawer subject zo approval by Lender, provided,
<br />tita€ ~~ app=u.al shall eat be un:easanatsiy witlt_h~d All premiums on insurance policies shall bz paid in the manner
<br />providttt under paagraph 2 hereof or, i€ trot paid in such manner, by Borrower making payment, wken dtte, directly to the
<br />insurance Barrier.
<br />All iasurancy policies and rettewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />ca,.~.. ir_. fever of and in form aBCep*.akk to Lender. Lender shalt leave the right to kaki the policies and rerxwafs tl€ereof,
<br />and Harrower shall pramgily furnisk to Lender all renewal notices and ail receipts of p€id preu-ttums. In ttc ev~at of loss,
<br />Borrower skali give prompt notice to the insurance carrier and Lender. Lender may make proof of loss d not made promptly
<br />kL grower.
<br />Jaless Lender and Borrower otherwise agree is writing, insurance proceeds shalt be applied to restoration ar repair of
<br />tky Praperiy damaged, provided such restoration or repair is sconamically feasible and the security of tkis A4artgage is
<br />not 4hereby impaired. If such restoration ar repair is not economically feasible ar if the security of this Mortgage would
<br />by unpaired, the insurance procceds shall be applied to the sums secured by this Mortgage. with the excess, if any, paid
<br />to Barrawer. It the Property is abandoned by Borrower, or if Borrower faits to respond to Lender within 3l} days from flee
<br />dots retire is ma~lsd by Lender to Barrawer that the insurance carrier offers to settle a claim fez insurance betreftu, Lender
<br />is authorized to ca'e`tect and apply the insuran,~ proceeds at Lender's option either to restoration or repair of-the Property
<br />or to flte szmis secured ley this Mortgage.
<br />Unless I;yndyr and Harrower otke.*5vise agree in writing, any suck applicahs 1 andr2 ~eof oricckaageslike amount of
<br />ar postpone thy due date of zke moutkly installments referred to in paragrap
<br />suBh iastaHmeats. If under paragraph IS hereof the Property is acquired by Leader, all right, title and interest of Borrower
<br />in and to any insurance puiicies and in and to flee proceeds zkereof resulting from damage tti the Property prior to the :sale
<br />or acgtisition shalt pass €A Leaner to the yxtent a€ the su ;ns secured by this Mortgage immediately pricer to suck yak or
<br />acgrrisirion. -.~__
<br />~. n±• Mainlz.'nsace 4/f Properryt Ls>~ltalds3 Carzdomiaio~; lI~8H~d Lialt I)evdnp~R€s. $armwsr
<br />shall p tt~ Property is ga~i repair and shall rat commit waste or permit impairarent or deterioration of the Property
<br />sad Shall Bomply with the pravisicns of any lease if skis Mortgage is on a leasehofd. I€ this Mortgage is on a unit in a
<br />Boadotriaium ar aylaaned zutiz develaptnetr°~; Bi3rrawar skali perform all of Borrower's obligations. under the deBlaration
<br />tar Bovenaiats creating or governing tkc Bandaminitim or planned unit development, the ley-laws and regulations of the
<br />Bondomiaiuzn ar piarin€ai unit ~:elatt;.nent, and Banstittr=nt dacimt?ats if a candaminittm or planned unit devetopntsnt
<br />tYdet is exeBUted try Batmwcr a€td recorded together ws`th skis Mortgage, the covenants and ag_rcements of suck- rider
<br />siialLbs irtBOrparated late and shaft amend and supplement ills Boveiiants and agreements of this. Mortgage as if the rides
<br />s~z-apart ~:.
<br />2. -Yt~ttctloit uk er`a ~'- If Harrower €alls to pyrfarm tke covenants and agreements contained io skis.
<br />Mt~tgage, ar ff arty action Br proeeedirsg is commenced which-materially aFseets Lender's interest in tits Properly,.
<br />ittpltnding, but not limited ta, eminent d6main, ii~alvency; code enforcement, or arrangements or proceedings invoiviitg a
<br />bankkrsrptor deceit, tiler Lander at Lender's option, upon rtotiBe tic Harrower, may make such appearanBes, disburse such
<br />stns sect take snek actiaa as is necessary to protect Lynde~s intes~t, including. but not limited ice, disbursement eF
<br />reasonable attarne~s tees and entry upon tliy Fropstty to make: repairs. I€ Lender required mortgage insurance as a
<br />candilion a€ making the lose secured by this Mortgage,_Barrower strati pay the premitms required to maintain such
<br />insttraace lei effect ttntil suck time as flee requirement £ar suck insnrance terminates in accordance with Hormwer s and
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