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<br />ii~i~rrt~Y se rs ~•r~ saw': iiiprra,aeaa zn,{ 1.crG e~ , _° ~~ yr~ ~~rw-~ ~~ av'1 s.
<br />iR. IP€i~~yxHrtaa? .,a4 'rafiittu~iQal~ snud. Iu~tdet~s?, L~_urc,y~u:_ sl.e?3 i_:eon#fvilg fu p •,~.aza ,w9u~e the tsrintc;iwal exf ,ain~! ist~,ret:° tan zt~
<br />irrrct~ai;ICnt~ndtii_~p,~s e~ro~¢3ra,e~.r:..a Ins, €ht lvo'tr il~i~~er,mya'tter.et aani[i (rata. c:nat~l,c~s a.u profic~eed :n unr ~i,+te, ans~i tfie Fe~~ce,}t:tel trf rare iaaca-~t
<br />.... v ~_', ry,re Ac~;nnrgc ca_rod he ~~;sis P#'rs,^tga~g,
<br />~~*., I:'n$ds far TstZ~s oral Irtsu~ance. L~uls±ect tl aspplis:able law ar to a w-itt2r, waiver by Len~Jet, Senowar sA»ii pap.
<br />to Lender on t e da}° ?xonthly instailreet;ts cf arincipai and interest are payaltle a .der tins Nvte, until the i:,is i paid in fui;.
<br />a Burn :herein *` urds') equal €a sate-tv~elftts of tl:: yearly taxes and - srnertts which may affair. priority Duct this
<br />~3ortg;rre, at;d gromt~s ren.~ on the Property. if any. pies one-twelfth of yearly pr°_mium installments for ha;~rrl insuratce.
<br />plus one-twelfth cxf yearly prcmiurtt installments fast mortgage insurance, if any, alt as rea;anahly estimated initially and fmrn
<br />Time fo time by I~n3er on the basis of assP.ssmerets and hilts and reasanalale estimates thereof.
<br />Tree Funds shall Iae h€ld in an ins€itutian the deposits er accounts of which are i,wared ar gtsar;3nteed b}' a Federal ar
<br />staid ages ~j (including Lender if Lender is such ar. ins#itation). Lender shall apply the Funds to pay said taxes, asscasttaeots,
<br />insurance premiums and ground rests. Lender may not charge r`oe so holding and applying the Funds, analyzing said account,
<br />ar verifying and corpiiing said assessments and bills, ur=!ess Lender pays Horrswer interest an the Funds and applic~i;le law
<br />permits Lender to make such a charge. Borrower and Lender may sgree in writing at the time of execution of this
<br />Martgaga that interest on the Funds shall be paid to Earrower, and unless such agreement is made or applicable law
<br />requires suchtnterest io lr: paid, Lender shad not he required to pay Borrower any interest or earnings an tf:e Funds. Lender
<br />shalt give €o Borrower, witltoue charge, an annual accounting of the Funds showing r.redits sad debits to the Funds atad the
<br />purpose far which eacl# debit to the Funds was made. The Funds are pledged as additional security €or the sums secured
<br />by this Mortgage.
<br />If €he amount of tltc Funds held by Lender, together with the future monthly installments of Funds payable prier to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shad exceed the amount r<gt=ired to gay said taxes,
<br />assessments, insurance premiums and ground rents as Yhey fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to .Berrawer on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not tee sufficient to pay taxes, assessments, insurance premiums and ground rents as they fal! due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiencr• within 3d days team the date notice is malted
<br />by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall prgmptly refund to Borrower any Funds
<br />held by Lender. If under paragraph l8 hereof the Progerty is sold of the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later il#an immediately prior to the sale of the Property ae its acquisition by Gender, any Funds held by
<br />Leader at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appl~also?t of PaymeaRv. Unless applicable law provides otherwise, alt payments received by Lender under the
<br />__i _e~...._.._a... ~ e_a ~ e,e~a,.a .a.su ae ,.~,.t:~ ~... r ~.,,to~ a,Y:.,, Pre .,£ amneents nav»•~e an Lender by Harrower
<br />~r•••_ a.:,u p+u ar5aayuo n a ao,...,. a..,a,. w nyy.,.....,2 ~ ......... ........ p3yt^_.._ ._ __ _ _ - ___
<br />under paragraph 2 hereof,~then to interest payable on the Nete, then to the principal of the Note, and then to interest and
<br />gtincipal an any Future Advances.
<br />4. e6erg*r; Less,. Horrower shall pay as taxes, assessments and other changes, fines and impositions attributable to
<br />the Property which ntay attain a pr#ority over this Mortgage, and leasehold paymentr or ground rents, if any, in the ttxan€rer
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when doe, dimtly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Harrower shall retake payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall ptvmptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not he
<br />required to discharge any such lien sa long as Borrower shall agree in writing to the payment of the obligation secured by
<br />shah lien in a manner acceptable to Lender, ar shaft in good faith contest such lien by, or defend enforcement of such lion in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Httrard Inaneance. Bor,ower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against lass by firs, hazards included within t a farm "extended coverage", and such other ha=zeds as Lender tray require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shalt not require that rise amount of
<br />st.~h cster:ge esd :fret amount of tiaver4~€ r=:quit=d to pay the sums soured !sy T1t=s Mortgage.
<br />'t'he inanra,ac~ terrier nrnviding the insurance shall lac chosen 6y Borrower subieci !o approval by Lander; provided,
<br />that such approval sltalY rat rte unreasonably withheld. 1111 premiums on insurance policies strati be pain in the raantrer
<br />provided under paragraph 2 hereof or, if rat paid in such manner, by Harrower making payment, when dt~, directly to the
<br />i~?r~e csrri~.
<br />xtt insurance poiisies attd turta?vals tlterCaf shalt i~ in farn5 aec2p€a`ulc to Lznaier and s,.al'. i..iludF= a sta~.Yas ~ ntv*€gag~-
<br />clat#ao in fa9or of t;tid in fa., w ..~ptabie 'ea L.:nder. Le nd~r °6all huv tlt= right .^ hold the policies and eenewats tlt?r?of,
<br />~~ _ ~ d, f s~ .._, _ n.,_ _° .___
<br />`'=--__ °""t~'=' :< - ,. ..~.~=~:n t'?~~~ ~~ ~ ~ ~ ~~? ?fe:,a ?-~:ay°r mev m~:*unr~af of loss if#aof n?a~€ prgnaptt?y
<br />by Borrower. , ~ ...-..,.,... ~ ..- ,~~ _ -
<br />Unlesa Lender and Borrower otherwwise agree in writing, insurance proceeds shall be applied to x•estaratian ar repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />trot thereby unpaired. Ii such restoration or repair is not economically frasibie or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the stuns scoured by this Mortgage, with the excess. if any, paid
<br />to Borrower. if the Propeety is abandoned by Borrower, or if Borrower fails to respond W !,ender within 30 days from the
<br />data roller, is mailed ley Lender to Borrower that the insurance carrier otlets to settle a claim foe insurance txrefits, Lender
<br />is authorized to cgliect and apply the insurance proceeds at Lender's option either to restoration ar repair of the Property
<br />ar to the sums secured #ay this Mortgage.
<br />Unless Lender and Berrawer otherwise agree in writing, any such application of pecw:eeds to principal shall rat extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t artd ~ hereof or change the amount of
<br />such instalments. If under paragraph SS hereof the Froperty is acquired lay Lender, all right, title and intones[ of Horrower
<br />i€r and tq any insurance palicie7 attd is and to the. premeds theeetaf resulting from dantagr to the Property prior tc: the sale
<br />or acquisition shall pass to Lender to the s:xacrxe of the suns :,ecured by this Martgag,? immediately pricer tcz st;ch sale ar
<br />RCLI€tliiitian.
<br />6. '<'rtaereratlua e®d A4aiatenattee of Praltetty; Leasehott~: Candatnitatntns; Planned Lltslt Aevelopmenkt. Borrower
<br />shalt keep the PratRarty in goad repair and shall rat commit waste or permit. impairment or deterioration of the Property
<br />sad shall caarrPly with the pravisians of any lease if this Matg~ge is on a leasehokt. if -this Mortgage is an a #=ttit in a
<br />~urx~;rasni-uat 4 a plar~ t~,it d;.r ~v°~..~, , ~r=-o~~ .=.h;t13 ,,;..font :~tl Uf Berrawet's ebli~a*.ions u*trter tfYa l:~rati<an
<br />ar cavenatfts croatirtg or gavernittg the eandamutium or planned unit development, the by-laws and ttrgulations of the
<br />arirtdisnitmt ux piatused tanit tieweloptseut, and ecnstituen# dtt.°um~nts. If a eanda€nislam of planned unit dev:=lapenettt
<br />rider is e#taeut~ Iyy Borzyiwar aml tec:orded tpgether with this Mortgage, the aovelganf9 and agreements of sec.-h rider
<br />shall. ~ irfcurparutad into and sl#aIl amend and supplement the wvenaats and agreements of this Mortgage, as if the rider
<br />- _
<br />vrtre a ;,ia_rt kttf:
<br />7, ~ratccu s~f T eader'st 'tir:l[y. If Borrower fails to perFarm the covenants and agreements contained in this
<br />Mortgage. or t`€ aty a~tiiirt otr gracceding is corntnenced tivltiah materially affects Lender's intoner in the Property.
<br />incltid'ing; :but ndt Iimitxd ta„ etn%nent domain, ittsolvertcY, code enforcement, or arrangements ar proceedings involving a
<br />iranltxupt or dec~rlentr th+:n iandar at header's option, upon trat[cc to borrower, mdy tnako such appeuranc¢s, disburse such
<br />;arms ;;ad take atteh rciius as is nece_ssa.y to protect Lender', interest, including, best not Limited to, disbursement of
<br />~_ ,v..:,.~hLs ner~~y~g ,_ nm r,~nnsi ing Pranertp to mage re_ndirs, If Lender required ntortgaae insurance as a
<br />- [-inva f""~"ng'~° i:,..a.^ on...~ ~.# by elm isX~ ie°°a-, Rnsrrsmrs eAaf# pay flFe h!'~.,+~it~13~c i'z•Q~ir~d Ea main€ain giaCh
<br />i..sura.xe~ in e_ffe~t ink ssar~. t as the requirement far such insurance terminates in accordance with Borrower's and
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