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~~-- tic, to ~s t~ <br />Unn•ortta Covttru~+7rs. Borrower and Lender covenant and agree as Fothrwt. <br />1. Payrem el 2'rltrriFd std Irterratt. Borrower ahal! promptly pay when due the principa! of a.rd mterett ao the <br />i~mdnae evideaxd by the Note, pttpayroent and Fate charges as provided in ttfe Note, and the principal o{ and rnterest <br />as any Futwe .tdva0txs socwt+d by this Mortgage. <br />Z Frrfi ter Tart ttrtd stearsee. t fo applicable law or b a written waiver by I.erdb, Borrowb shag Pey <br />to I.emder on the day tttarithty imtagmenp of priacipe! and iubast are payable ttadb the Note, wail the Noce N paid in (uA, <br />a ntat (hereto "Fuab") equal to aso-trvelfth of the yearly taxes and assrwnmp which tray attain priority orb this <br />Mortgage, sad grotted reap oa the Pmpbty, if any. pttn orse-twdfW of yro:rfy pretniurn imealhnmtp for heard ieavaoos. <br />phts oaste~fth of yearly premitar baWtceeap for m0rtsrge ittarsarrce, i[ soy, aB r tewaoaaWy estimated initiatly sad from <br />tune b time by Lsader oe tbt (fesia d aarse:ftnsts sad b:: and rworrble eNimua tseseof. <br />1st Funds shag be seW is an ittatittttion the deptssip or atxouaa of which are itsstnad a guuaemed M a Federal or <br />Nam agency (inchtdiog Lwdb if f.mder is attch an intitution). Leader shat! apply the Fttttds b pay acid rases, arapngrria, <br />itsstrraace ptraniwrr Fed gr!rttsd rents. (..ender tray not charge for b lroldittsg and applying the Ftbds, aealytirg said accoau. <br />or vatlfying aed compiling said arparttettp and bile, uokr Lager pays Borrower intenrt tfe the Fttada aed appNcabie law <br />paatits Leader to mats naclr a charge. Borrowb and l.etadar may agree in writing n the time d execution d this <br />Matgage t!u[ itttatsat On the Ptuds shall be prig t0 Borrower, and ttalar totes agrtreoteat a rttade Or apptiubM taw <br />tegaieee tluch ineateat b be paid I.eoder shag not be required b pay Borrower arty temrest or pores oa tee Ptatds. [wader <br />site give b Borrower, without tsars, an annual aeoountiag of the Ftmds showing eagle std dobat b the Ftmi sad the <br />ptapae for wiidt eadr debit to the Ftmds wr made. 1Se Ftmdt are pNdsd r adttitioaai starity fa the strata rtetred <br />by tha Mor~sge. <br />If tlr rrremt of the Ftmdt held by !.coder, together with the ftrttre morahy iroW6ewa d Ftads peysble prior b <br />the dtr doer d taxn, arermwa, i0araace premiums tad ground rents, shag ncceed the araouat required b pay aid taxes, <br />teseellsath, iasuratfw peetmums and around rMa r that fall due, such excess shall be, u Borrower's option. ativ <br />procepMy rttp:tiid to Borrorwr or aatiird b Bortusrer oa ttsattthly ianallatwp d Ftrtads. It ire aceoscet d the Ftceds <br />hey by Lerdsr ahaB not be attfH,dent b pry taus. awrcenta, assoraeace pnmiuces sad grotmd rata r tlteq fag doe. <br />BOteewer ehaY pay b [,coda nay amomt reoerary to make uP tie debcieacy witiir 30 days Loce lie due aolicer ceaHd <br />by Cruder b Bat~owr regtrNie~ prymem thrcof. <br />tleid Ladr. <t ttrsder d eY ettrr rased by tlru Mortgage, Lcrir shill promptly nhtrd b Btrnower arty lrttri <br />eMH apply. w War then ir,mtcdfeeety prior b the sale dy add tx the Property w aMtawir atgtturd by Lttrder, 1.r10er <br />Leader d ue tiw d Prgrtty or ip aegttwhast by Leader. rY phlyde Irld by <br />apptiatba r a audit apiat tM Fume scotrd by File Moryye. <br />3. A~Beefier d IR4aedr. Ualer apptierbit law providr otherwise, all p.ymara recersrd by Larder trait flr <br />Nor and peryraphs 1 and 2 scowl shag h. applied by iatder sw in pcyaatr d attronrta payable b Letrrtda by BrtrrewN <br />wit prteseps 2 sareoL tier b iawteN payable oo the Note, that b the prod of 11r Nor, sad that b ieeerrn and <br />ptutdprl a ary Ftetme Alvaasee. <br />d. ~t Ilea Borrosrar YuB pay aH taxes, areteateaa aed txltb cbargea, Met sad irspeaiioos attrtlutabM b <br />the Feeptety wiles tatty etgia a priority Duct this Moefpge, sad laseltoid paymmtb b gtotmd nee, if mS', r tic saarrr <br />pricided Feeder parasepi 2 icseo[ a, if Dot prig m rtwelt ceaorrr, by Hoerawr nrkirtg puycewl, wine dlr. dNrA~r b Ne <br />pepw lieeeef. Btleresar siaH ptrisrrpMy ttsrrieh b Latsdsr all rotiar d am0ow dtr tinder File prrttgnplt, and i• tie curt <br />Bteelrwer tsaH nrbr patyceewt dinafy, Borrowr abaB prampMy twrish b leader receipts widereirg ntri ptsyceeeMa. <br />Hossower ttheB prorpdy discsbge nay Iim rrhiclt ltas priority ofrer Ms Mortgage: provded, thu Harrower shop not be <br />xetrtiinA b ditcbage any attch sat ao iorg r Honower tthaB agra in wrinag b the ptytaaa of the obhptioe ssaued bar <br />steel lira is • meaner acceptable b Lauder. or shag is good faith o0amst sttch flea by, or d:ehasl enfotwmsrft of such ties ul <br />leHttl psrordins whicA opbam b prsvwt the p><orpraatt of the set or [orfwwre of dr Property « my pan thanof. <br />>L ~d Ireatea. Borrower shill trp tbs ierprovements rxfw exstmg ur hbeafmr erected oe the Property rrtetred <br />agniret loss by 8re. hazards included wilbw bs term "extended covbage", and each alhsr haratb r !wader may regtws <br />rrd b slues artourts sad fur rocs periods as Leader ttry requite: provided, that l.eadb shall not require thu the arrxwat o[ <br />aar# rrrerage exEeat! t>rt amauat of cotiwags required to pay tM ranee nscaued by Mtia Martgtt~s. <br />la'be nsurerae wria:r proridtq Me i ~!! be chcssen by lsr-over wbje~t to moral by !.cotter; lutn~. <br />feet sstCs gpeorat ss.e atx 4 aaronoa.bry wYAheid. All preceittar an qtr:roe paiiraes sbaY M paid m tM estaaw <br />psavided ttrdar pragraps 2 haters! a, if Dot paid is nrcif tttaarwr, by Harrowetr nrkt0g payment, wren due. ~rrctly to tlr <br />iaxrsar-is ~. <br />AH iaaraarrrr ewd reawvrtai tstse0i ahaii be m form acceptabir rn Carrier obi shah rgrhtde a uarr2ard <br />dense 4 fn,ar d and ce fora aaep4iSe to Lertler. !.ceder shall have the right to hold tee pdicia sad oertewap tlscreaf, <br />~ Biwz~ s prs>bptsy f art Lmdb art renewal aotxes an:7 s$ nxaspts d pard praafs:nr- ty t=>€ :tat of bas. <br />Berswwrr asaB giw promps aesiea b the rawrsectF csrrrat and Leevler Lecefat seas ;rata pract tM loss a ncu made promptfv <br />by Berwwer. <br />iiaten Leah grad Horrowr atsrwtee asee m writrag, rtseraecc pra^rds shall fa< appled to reaearatbo or repak d <br />Flee Preperty tlacett,d~ provrdd artch reatarttroe or repot r eooraoraacaNy feastbk and ;Ae securuy o1 tMs Mortgage e <br />rat utse-y If tares resbrattun or repair r not ceoraaatrcatiy feurhle or rt the tecturtt M this Mortgage would <br />se tmp-id. Mfr trtatrraoa prosweda rfhtil be applied to the sumo ascurod by this Mortgage. wrffi the axons, if any. pad <br />b Brnowr U dr ~Y is abenducred t+Y Borrower. or rf Hornrwer tails to reapaxt to !.ceder wrtMa )U days fran the <br />drtM tiefi0e p traded b)' Lrtadsr to Barnwer thrt the rrwnaocr, curter uAbs to aenk a claret Icsr rrtaururce lserreAu. Lender <br />fi asrrarired b ceiesx sad apply tee rttsura0ce praoasds rt t.aedst'a opdoe csthrr b natasratran ur reprtr d the Property <br />or y Ira atscea awed by tale Martgyc. <br />Ueerr I.btdnr sad Borrcnrer odrrsvue yroe to wnnng. asy such applkauar .d pnr.eeda to prrncrprl ,halt oat extend <br />or peMpore the dm due of tlr taortMy muaittoentx retmred to rn paryraphs i and ? Itereut ur ~Aatrde the atrfount of <br />trtte- iaatYlanls4 If tetda paragrep6 1g hrreot the Property :, rywral M t.wadror all nght, tole and rnterar of Borrower <br />in sad b nay iewrancx p,lw-iaa std to and t.~ the pru.eesla tflarout re.ulerty tour, damye to lhs Pr~peny preur b the sale <br />ar asxflrataoo s:h-ll pw to I.cnter to lhr extent of the wrrn securcxi by this Mrxtxagr :rnmedtaeaty prior to such uk ur <br />6 iMwarrn tttei bltigcerea at Iwreeielil CrMurldtutst }mod lteH Dawles.rrat. Borrower <br />tdleN YMF fM Ftapttely b pod teprir sad asttil 001 txmait wrfw or p.~rwtt napewreu or drerrktnfim oil tee NrapMy <br />sad ' tee ~ d iry k-aae :f tbs hturtga~ ~ art a ~. ii tits Morsgtya s a:i3 . ertts ire a <br />caOdOttftutoet or s pEaaaeO urN deft, Borr.-uaw shalt ~rtarru at1 df Barraw~e.'s usirgattoea under the Jecluatwn <br />a c0steeettts crakbj or gocerttittg tM caadotrfrniwr or planned trait devdcrpeteet. Hse t-y-laws and rcgultlioas of th:e <br />oaatdosirirtn or pleraed ttrit develapsaeat, sad coaNktrat datMretua If a cwedotaiairras a planned unit .teveiopntwtt <br />eider q axaatrled b!' Htxrowr and recorded topMta wilh thta Mortgyo, :he covaoaaa and apeeceents of sudt radar <br />dsaH Ire iyogowM Fade and siaH aaaeM sad mppictacat Mtc cevettaels sad yraarrts d rtes Mergap r if tlw rider <br />wen a ptret Iteteal. <br />7. lseewYsce rd i~eesietrp lieetni4. tf Bossower fop w perforce tM oasetsaats aed agreeer:ta contained in this <br />. p H arq atstiar ar peoardireg is carsrersoed r+hidf taaeatWy sAecp t.eadb's tmmeae b the Property, <br />iedri`rtH, but ru liretila. 'o, rriatst 'sestala. itrolwecy. code erttaecerreot, or utengemesa or ptaceedirrgs tnvolvittg ^ <br />6arrt,tplt ur diest.dtut. tiw Laedb u Lcrdv'a option, srprte tamp to Borrower. may mate aw:h appnrarecos. dtsf,urx aur:h <br />same attd Ykr atilt trdioo r u trtxesary b proret Latdnr's rnmeaat, inclrxitry. truf not fi.^.trted to. d:shurxntent .,f <br />rMSOreble ttetrtfetdfS hr and Batty upon Fir Ptopeny to mate rspeira. l( Leader required mxtgye insuranrx :~ a <br />eosdhiao of rrfkbg the loan round 'vy tltp Mortgage. Borrower shall pay the praeiums regwrcd tc fnuntarn Arch <br />isattraeree in a3ect trot!! such tieaa as the tegtsirrtment for such fttwrarfce mrtnutans rn accottian~Y with Borw~aer's anti <br />