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<br />1,B'~*~rFCUa':uR:1~~1~r~3^.~~t'tt~d'.~irxars, lio~+rrcr a~ctrl La;ew,af;;r ~aa'~ein~amt aced apfr~ra ra13 lU"o~~l~r wru:
<br />I. Pa~itrrteua,t ~ I' k"t'}~rw~plOal trued 9rttexest. Birrrerwer shalt ; a ='m',ftly pay' tx'frcn date the' prirrs.ipa2 of acrd intarwu4i. au the
<br />inrltbt'~'eFnt~rs evidenced by Ytie 1Vote, prtpaym~eitt and latec:harges as provided in tirE Note: and. the principal of and intet~sj
<br />on any Futu.-e Advances secured by ibis Mortgage.
<br />~ ~ tar ~` a~ Ice. SuYtject is applicable taw or to a written waiver by Lender, Barrawer shall pay
<br />to Lender en the day manihly instal}ments of principal and interest are paya:,le under the Note, unfit the Note is paid in full,
<br />a sum {hereia "Funds"? equal to one-twel€th of ttte yearl;~ taxes and assessments which mac auxin priority aver this
<br />t~faetgage, and ground rents on the Property, if any, plus oae-twelfth of yearly premium instalimtnts far hazard insurance,
<br />plus arse-twelfth of yearly premium installments far mortgage insurance, if any, all as reasonably estimated initia2(y and from
<br />erne ro time by Irnder an Yht basis of assessmems and bills and reasonable estimates tltereaf.
<br />The Funds shalt be Itetd is an institutiar, the deposits er accounts of which are insured or guaranteed by a Federal or
<br />state agexy {including Lender i€ Lender is such an institution ). Lender snail apply Cite Funds to pay said taxes, assessments,
<br />insurance premiums and ground reels. Lender may net charge for so holding and applying the Funds, analyzing said account,
<br />ar verifying and ~rmpiling said assessments ar,d bills, unless Linder pays Harrower interest on the Funds and applicable Saw
<br />pet~rtits Lender za make such a ehargt. Borrower and Lender may agree in writing at ter time of execution of this
<br />Mart~wgt that interes# on the Funds shaft be paid to Harrower, and unless such agreement is made ar applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any imerest or earnings on the Funds. Lender
<br />snail give to Borrower, withauz charge, an annual actaunting of the Funds showing credits and debits to the Funds and the
<br />pr:rpose far whis:h each debit to the Funds was mods. The Funds are pledged as additional set:urify far the some secured
<br />bt this Mortgage.
<br />if the amount of the Funds held by Lender, together with the future monthly instaitments of Funds gayabie prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amauat required to pay said taxes,
<br />asses~;wnts, insurance premieres and ground rents as they fall due, such excess shaII be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Harrower on monthly instalimenis of Funds. It the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fat! due,
<br />Harrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailal
<br />by Lender to Borrower requesting payment zhercaf.
<br />Upon payment in full of alt sums secured by t}ris Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held 6y Lender. If under pazagraph 18 hereof the Property is sold ar the Property is otherwise acquired by Lender, Lender
<br />shall apply, no Later than immediately prier to the sale of the Property or its acquisition. by Lender, any F=ends held by
<br />Lender at flit titrte of agpticatian as a credit against the sums secured by this Mortgage.
<br />3. Agplieatloia of €°aylarents. Unless applicable law provides ntherwist, alt aaYments received by Lender under the
<br />I4ate and paragraphs 1 and 2 hereof shall oe applied by Lender rivet in payment of amounts payable to Linder by Harrower
<br />under paragraph ?hereof, then to interest papab!e on the Nate, than to the principal of the Noce, and then to interest and
<br />principal on any Future Advances.
<br />C, Chatgts; ~>fs. Horrvwer shall pay at2 taxes, assessments and ether charges, fines and impositions attributable to
<br />the Property which may auxin a priority aver this Mortgage, and leasehold payments or ground rents, if any, in the mantrer
<br />provided under paragraph ~ hereof or, if rtx paid in such manner, by Harrower making payment, when dui, directly to the
<br />payee tirercof. Harrower shall promptly furnish to Lender alt notices of amounts due under this paragraph, and in the event
<br />Borrower shall matte payment directly, Borrower shall. promptly furnish to Lender receipts evidencing such payments.
<br />t~orrowor shat! protnptty discharge any lidtr vhich has priority over this Mortgage; provided, that Borrower shall Hat be
<br />required to discharge any such lien sa tong as Harrower shall agree in writing to the payment of the obligation secured by
<br />strch ties in a trnattner ae: eptable to Leader, ar shalt in good faith contest such lien by, or dtfond snforcemtnc of such tiort in,
<br />legal praceedittgs which oQerate to prevent iht enfarccment of the lien or for€eiture of the Property ar any part thereat.
<br />S. li~ttzard iasararnce. Borrower shalt keep the improvements now existing or hereafter erected on the Property insured
<br />against lass by fire, hazards included within the term "txttnded coverage", and such other hazards as Lender may require
<br />and is such amounts and for such periods as Lender may require; provided, that Lender shall net rtquiro that the amount of
<br />such coverage extxttt that amount of coverage required to pay the sums seeuttd by this Martgago.
<br />irrstrraitE,e s'.arrier pnrv~ing we insurance shall be chosen by Harrower subject to approval by Lcttder; provided,
<br />tftat such approval shall not be unreasonahiv wittrhetd. All premiums alt insurance palicits shalt ba paid in the manner
<br />provided user parxgrt;pir 2 hertaf ar, if net paid in s=belt ma~+r.tr, by Lt;?rtawer m~,niw etis~sne ,~}.,~,. duF, .t ;.mot,; :~ :i~-
<br />irstrr carrier.
<br />:' . ~:: ~ ~ti~.+`~S ; ;,~, ::.:::: al°o tit~ro:ut s4dit Gc in Ea..tnt uECepta¢ic to Lcnucr rind matt include a ciand?rtd mitrt?;~Ea
<br />clause IR faYar of trRd m fltrrlt aCCeo[alile to L>!_'udec'_ r~nd_ar -xha_II _huyr tftn right t_ h~il.~# ~lw _I.~,;p~ .,,~ .~n....~~I~ :4„~,~_~Y
<br />stud Burruwt:r shalt growprly fumiah to Lender all renewal rtauces anti ati receipts of paid gremiums.uln the event of loss.
<br />Boirirwer stzaii giv€ prt+rttpt rotitx to the r=:siirarct ~arricr and Lender. Letxter may make proof of lass if trot ntasle prat~jpti/
<br />by Borrawcr.
<br />Unla>ES Lender and Borrower otherwise agree in writittg, insurance praceetis shall bt applied to restoration ar repair of
<br />the Property damagal, provided such restaratran or repair is eranomn:aily feasible and the security of this Mortgage is
<br />not thereby impaired. IE such rostoration ar repair is not economically feasible ar i€ the security of this A4nrtgagt would
<br />ba impaired, the insurance proceeds shalt be applied to the sums scctrred by this Mortgage, with the excess, if any. paid
<br />to Borrower. If the Property is akandantd by Borrower, or ii Borrower tails to respond io Lender within 30 days tram the
<br />date entice is mailetf b}' Lender to Harrower that the insuranu carrier alters to settle a claim for ittsurancx beract5ts, Len=ilex
<br />is autlporizod to wllect and apply tlae insurance proceeds at Lender's option either to rtatoratian ar repair of the Property
<br />ter to the atrms stctrrat by this Mortgage.
<br />t:ta'.t,.; I,~b,der and Borrawr atitcrwisc agree in writing, any such appiic_r,tion of prtx:.eeds to principal xhait Hai extend
<br />o: postpone the due date of ifte monthly installmentx referred to in paragraphs i and 3 hereof or change rite amount of
<br />strcia instwllntents. If under paragraph lt3 hereof the Property is acquired by Lander, alt righs, rizlt and intcr•~t of Harrower
<br />in and to any insaraaee poiit:ita and in and to the proceeds thereof resulting from darrtagc to the Prapxrty prier m the sale
<br />or acquisition shall pass to Lender to the txteat aE the sums set:ured by this Mortgage intratcdiatcty prier tci such salt ar
<br />at:qu'tsition.
<br />fa Pta~orvstlos t IVlss~ace of Prapertyt Let~ttkokBt Uwrdowlalatrrtrt Plstatwvt ti~ ikrve~t~ertis. Borrower
<br />s},,.u amp .tea ~,,.=~.i~ _,....,,.a ..R :. a~ ut ~ ~G e -- ,- -
<br />e___ -m -
<br />- - - ° _ _ ~- '= ar_..a _ ~~ ~_> `~ ~ ~e~ ~~ ~,. i-b. - - i`:'a --'ti ~;. ',~itv~-s u'i ~~ r"'i#`i
<br />.' ~ftall :sarnpfy with !rte pre=istanx '.;,' ar.y 22 if zht3 Mvc igc~~ is thin a reassihold. if tires Marraase ig alt a unit in a
<br />bcxtdt$utixltim ar a planned twit dtvctopmtni, Borrower shall perform all of Borrowers ulstigatians un+~r the d~laratiou
<br />or covanaute ce=eatitrg err gtsYtsnidg rho s_~andomsaium or_ platttred unit dtveiapmen~ ttw by-lart~ ate rulacocss of the
<br />candam~ntrm or plantwd unit d~tapmont, a~ ctst~tittrent d~umenis, if a conciaminitim ar planned r~ait dev~tt
<br />rider is oxeauted by Iionrt»Yet and recorded together with this Mortgage, the cavtnants and agreements of such- rider
<br />strait be d iota- ar"? oR'tr amend alter supple€nent tht~ -coot-Hanes ar+d agrcontettts of this Ist~ as if tttt tidez
<br />~mzrc a p .~ litreo€,
<br />7. ihs3~r1 ~ tiiatstic~a ~Y• !f Burrower fails to perform the covenants and agesemtots ctmtainoci in this
<br />If~artgag+tt, ar if' say action or ~g is cantmetxed t~hich iaaisrfalty aflecis L'eader's inttresi in the Property,
<br />Itmttuinibg! btrt tsvt ~imi~i pa, ominenr Hitt, iri~il~hsecy; sadt mmcnt, ar arrangtmonts ar ptvccodingx invalviteg a
<br />ht±nhrs~ err t, than I~tzd+at ~t t ma's rapt.tor, aunt ns;tt~ to l3orfawar, may rtske stt4h appeaE~~-~s, disbur~ such
<br />s ~-:tit aotsan ae ~ ~'.u gt'attsf Ids `t~tidrtst, including, -but- rxat limited ta, disburserttznt of
<br />aa~ fag anti entry-open. tiro i?ropbrty tip make-.repairs. If I..endcr re~tuimd mortgage insurance as a
<br />cxtttditioti v. ttr~rttrg Site l0ap sxtrrerd by thin iE3un, Borrower xltsdl pay the prernituns requirod *,a maintain such
<br />..~.a to _..,.... ~.,.,. ~~ ~ -
<br />'`- - --- ` ^°°..; .,'..:: ` -~ :~ t>n- tw°v-°~..' `i;:: ;~: isst#ratty-o terrttinatcs in as~a*tianca with Barraawer s and
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