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4}'.~t,rF'r3:te34 t...avtx~aa2~n. t~.rrrew~ anon t_;r.~?r cr~~renarrt and a .~ ir5ss ~+z'!>:
<br />I. P°agnae~stt of Ptipttd and I;tterest. Berm°~-°er slta,i pry, pity ~s =ah~rt d,x~ f~~ yr;ncif,,ai ai aa. :atwrs: un :::e
<br />indebtedrnrss e~wi~~£~ta~ne by the dote, prcpa;+tnent a,3i late charges as provi,~~ed ire: iil:e :+atc, aad the grin=::;as of and inte,est
<br />ant any IC`ayture ,~~,dvanees secured by this Mangage.
<br />2. F~ fir ;asp 8~tI Ir~r-.~€. SuSj~t to agpiica~,e lax or to a written seaivar by Le:~~r. Br-~~er shall pay
<br />to Lender an ttte day m?xttlaty irtstatlmenis of principal and interest are payable under tiro Itiate, ur<til rite Mote is-paid in full.
<br />a stun (herein "Funds") equal to one-twelfth of the yearly taxes and .;sscsstr~rta vzhict may attain. p~4~;rr• ver ehis
<br />Mortgagq and grour:d rents oa rite Property, if any, plus one-tw21£th of yearly pre:_*.ium installments for hazard insurance.
<br />plus one-twelfth of yearly premiumsnstatitncnts far mortgage insurance, i€ any, all as reasaraabiy estimazetl initially and fram
<br />time to ume by Lender ar, the basis of assessments and bins and rcasanable estt;nates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of wttictt are in»ured or g-aaranteed by a Federal or
<br />state agency (including Lander if Lender is such an instirution3. Lander shall apply the Funds to pay said taxes, a~ ~snaents,
<br />insurance premiums and ground renrs. Lender may not charge for so holding and applying the Funds, analy~nr said account
<br />ar verifying aad compiling said assessments and bills, unless Lender pays Barrawer intermit an the Funds and applicable taw
<br />permits bander to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest an rite Funds shall be paid to $atrower, and unless such agreerstent a made or appiieahle lave
<br />requires such iatcrest to he paid, Lender shall rat be required to pay $atrower any interest ar earnings on ttze Enrols. Lender
<br />snail give fo Harrower, withou£ charge, an annual accounting of the Funds showing credits and details to the Futtds and the
<br />purpose for which each debit to the Funds was made. the Funds are pledged as additional security for the sums secured
<br />try this bortgage.
<br />If the amount of the Funds held by Lender, together with th° future monthly installments of Funds payable prior to
<br />the due dates of taxes, assesstnenis, insurance premiums and ground revs, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and grauad rents as they fall due, such excess shall be, at Borrower's aptiov, either
<br />promptly repaid to Borrower or coedited to Horrower oa monthly installments of Fuafis. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Banawer shall pay to Lender any amount necessary to make up the deficiency within 30 days fram the date notice is mailed
<br />by Leader to }karrower requesting payment thereof.
<br />Ugoa payment in full of atl sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by lender. If under paragraph i8 hereef the troperty is sold or the Property is otherwise acquired by Lender, Leader
<br />shall apply, tsa later than immediately prior to the sale of the Property or its acquisition by Leader, any Funds held hY
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appiieation of Paymatats. Unless applicable law provides otherwise, a!I payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereef shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />,,,,fir .,~ .,t, ? he~,f rfwn ra tnter~t nayahle as rl,e Note, then to rite nrincinal of the Note, and then to interest and
<br />principal an any Future Advances.
<br />~. Charges9 Liens. Harrower shall pay al! taxes, assessments and other charges, fines and impositions attributable to
<br />rite Property which tray attain a priority over this Mortgage, and leasehold payments or ground rents, if any, is the tnaaner
<br />provided under pazagraph 2 hereof or. if not paid in such manner, by Borrower making payment, when due, directly to rite
<br />payee ihet~af. Borrower shall promptly €urnish to Lender all notices of amounu due under this paragraph, aad is the event
<br />Borrower-shall make payment directly, Botlower shall promptly furnish to Lender receipts evidencing such payments.
<br />Boaower shall promgtly discharge any Lien which has priority aver this Mortgage; provided, that Harrower shaft net be
<br />required to discharge any such ties so fang as Borrower shall agrix in writing to the payment of the obligat~n secured by
<br />such lien in a manner acceptable to Lender, ar shah in good faith contest such lien by, or defend enforcerccnt of suett llett in,
<br />legal proceedings which operate to prevent the enforezment of the lien or forfeiture of the Property or any part therzaf.
<br />5. -Hazard Ittsartutee. Borrower shalt keep the improvements now existing or hereafter erected on the Property insured
<br />against toss by fire, hazazds included within the term "extended coverage", and such other hazards as Lender may require
<br />and in strwh amounts and far such periods as Lander may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />Tire insurance carrier gravfding the insurance shall be chosen 6y Borrower subject i4 approval by Lender; provided,
<br />that such apgraval shall net be ttttreasaaably withheld. All premiums on insurance policies shall be paid is the maa~r
<br />~~-~ ..»x s. t, 'f t.~wnr' n :F ..nr pacer in gttch manner, Icy Borrower making oaymea[. when due, directly to the
<br />Ytiea~>uGU Y'~'-"D^wYr ~ a.~. ~... _ _
<br />irtsittartce earner.
<br />All iustraace pvliaies and rt;.-.ewals tht;rtsaf shall w in farm acceptibte to Lender and shall ittelnde a standard tnottgaatc
<br />clause in-favor of and ir.-farm ac~-,°.ptatrlc to Lender. Lender shall have the right to hold the policies and renewals titcrcvt,
<br />aad :3arrawer s~.att protnp*,ty furztiah to Lender art renewal Helices and all rescipts o[ paid nremurvs. In ~`te evert of ins,
<br />~~€ fhaJ? fli`~ oz ~~ ~atioa E., t'~ i~ruanct< carrier and Lender. Leader may m~..ke proof of lass if net made nrnmtstty
<br />t:y ~rravrer,
<br />Uaiess Lender and Borrower otherwise agree in writing, insurance prceeeds shall be applied to restoration or repair of
<br />the Property damaged. provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of tnis Mortgage waulu
<br />he impaired, the ivsurance proceeds shall be applied to rho sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned try Borrower, or if Harrower fails to respond to Lender within 30 days from the
<br />date notice is maHed by Leader to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collet; and apply the insurance proceeds at Lender's option either to restoration or repair of t`e Property
<br />or to the slues secured by this Mortgage.
<br />Unless Lender aad Httrower otherwise agree in writing, any such application of proceeds to principal shalt not extend
<br />or postpone the due date of the monthly instatlrnents referred to In paragraphs 1 aad 2 hereof or change the arnaunt of
<br />such installments. If under paragraph 18 hereof the Property is acquired by Lender, alt right, title and interest of Borrower
<br />in and to any insurance policies and in and to the procexds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall parse to Leader to the extent of the sums secured ray this Mortgage immediately prior to such sale or
<br />acquisition.
<br />6. preaervatioa a®aI If,4a~tenancx of Property; Leaseholds; Coridomhdumst Pfasaed Unit Developr®eaie. Borrower
<br />shall keep the Property itt good repair and shalt not commit waste or permit irapairtneat or detcrivration of the Property
<br />and shaft comply with the provisions of any lease if this Mortgage is on a leasettatd. If this Mortgage is on a wait in a
<br />eondatstiniutn ar a planned wait develapmetit, Tvor€awer shal3 pcrfartu all of vvrrawsrs awtigatia:.s under thr'. d~ IaratL'rn
<br />er ~av?n~tits treating yr gaverttittg rite candaminium ar planned unit develapmcnt, the by-laws aad rcgutatians of rite
<br />condomitsium or pla»a~i unit devetnpmettt, aad constituent documents. If a candaminium ar planned unit development
<br />rider is-e~eclited-try Bariawer and recordett together with this Mortgage, the-covenants aad agr~ments of such rider
<br />stsgll. tea ir~arted iota aad s1taH amend attd supplettscnt the eoeetra~s aEtd agreements of Phis Mortgage as if the rider
<br />were apart hereof.,
<br />~° Ptywtae~s of Eea+Ser"s ~. If Borrower- faits to p~erfitrm the covertattis -acrd agreements contained in this
<br />Mwrtgggef ar if say action or pmrrKeding is. commenced wtticli inatsriaily a$ects Lender's interest in the Property.
<br />'inbinditrg, butcat.limited ui: esnitrent domaie,_itt$alvetH:.y.-txsde en€ot'cement; or arratsgetr:en~s or ptoccedings Involving a
<br />haaktipt.ardecettSrtt,tttata Letfder at.f~nuar's agtion, upah ncsttit~ to_Harmwcr, may-make such appearances, disbuzse sun=
<br />..sums serf tales attch: ~tiea as ~::tury to-protect Lender's-interest, -including, hut. not limited to, disbursement of
<br />acasoxsttitle $tftfarrsey's foes acid a@try upon the: Pro~rty to made capairs. If Leader requtred mortgage tnsuranca as a
<br />conditjat of ma$ tt3e :taut secured try €hia Itifottgage; Tlat~rover shad- :pay -the premiums required to maintain sneh
<br />insaraace in effect imtn~ stieh titm~ as ttx t~ti`retif dxt?• such. insurirttee terminates is accordance with $orraawer'c and
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