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79..o~I~~lE~tld
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />on aay Future Advances secured by this Mortgage.
<br />2. Fonds for Taxes and [osorance. Subject to applicable law or to a written waiver by Lender, Borrower shad pay
<br />to Lender on the day monthly installments of principal and interest are payable tinder the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly razes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if env, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yeazly gremirun installments for mortgage insurance, if any, aft as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution }. 1 Winder shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge far se holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Furds and applicable taw
<br />permits Lender to make such a charge. Berrawer and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt not be required to pay Borrower any interest or earnsngs on the Funds. Lender
<br />shah give to Borrower, without charge, an auntie! atcamaing of the Funds showing credits and debits to the Funds and the
<br />purpose far which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by tleis Mortgage.
<br />If the amount of ffie Funds held by Lender. together with [he future monthly installments of Funds payable prier to
<br />the due dates of taxes, assessments, insurance premiums and ground rents< shall exceed the amount required to pay said taxes,
<br />assessments, insutzncce premiums and ground rents as the} tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Harrower or credited to Borrower on manthiy installments of Funds. If the amount of the Funds
<br />heM bs Lender shall not be sufficient to pay taxes, assessments, insurance premiums aad ground rents as they fall due.
<br />Borrower 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 />Upar. payment in full of all sums secured by this Mortgage, Lender shah promptly refund ?o Borrower any Funds
<br />ireld b}• Lender. If under pazagraph 18 hereof the Property is said or the Property is otherwise acquired by tender, Lender
<br />shall apply, no later than immediately prior to the sale of the Propem or its acquisition by Lender, any Funds field by
<br />Lender at the time of application as a credit against rtes suns secured by this Mortgage.
<br />3. Appiica0ion of Payments. Unless applicable law provides otherwise. all payments received by Lender under the
<br />'.Nate and paragraphs 1 and 2 hereof shall be applied by Lender firs: m payment of amounts payable m Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the NotC. then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Lktts. Borrower shall pay al! taxes, assessments and other charges, fines and impasittons attributable to
<br />the Property which may attain a priority over this Mortgage. and leasehold payments t+r ground rents. if any, in the manner
<br />provided under paragraph 2 hereof or. if not paid in such manner. b} Btxrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promp'!y furnish to Lender alt nattces s~' amounts due under this paragraph. and in tfie event
<br />Borrower shaft make pa}7ttent directly, Harrower strait promp€Iv t;z zrsh tc. Lender receipts evidrrzcing such payments.
<br />Borrower steal{ promptly discharge any lien which has prsarity arer thin '.frtgage: pn+vided. that Harrower shall tic.. :ie
<br />required to discharge env such 1ten so long as Harrower shall agree in writing to the paytneat of the obligation secured by
<br />- „,., mant~r ~ceptab.e to Synder, ^~ shall ~R geed tai?it tamest such lien bv, ar defend enforcement of such lien in,
<br />legat~praceeditrgs which operate to prevent the enforcement of the lien ar fotietaure of the Property or any part thereof.
<br />g, ]l?htasrd lt~ratue. Borrower shall keep the improvements new existing er hereafter erected on the Property insured
<br />against foss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require: prat-ided, that Lender shall not require that the amount of
<br />strCh coverage exceed the? amount of coverage required to pay the sums secured by this i`iortgage.
<br />The im~rante terrier providing the insurance shall be chosen by Borrower subject to approval by 1_ender, provided.
<br />that such approval shad( not be unreasonably withheld. Ail premiums on insurance policies shall be paid in the manner
<br />pravi~d urx~r paragreph 2 herea€ ar, if rat paid in such manner, by Berrawer taakine payment, when due, directly to the
<br />insurance cazrier.
<br />Ail insurance policies and renewals thereof shalt be in form accep[ablC to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right tc hold the policies and renewals thereof,
<br />and Harrower shall promptly furnish to Lender alt renewal notices and all receipts oC paid premiums. In the event of Loss,
<br />Borrower shat( give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise. ogre: in writing, insurance prxeeds shaft be applied to restoration or repair of
<br />the Properly damaged, provided such restoration ar repair is economically feasible zed the security of this Mortgage is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would
<br />be impaued, the insurance proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Barmwer, or if Borrower fails to respond to Lender within 30 days Trom the
<br />date notice is mailed by Lender to Borrower that the insurance caner otTers to settle a claim for insurance benefits, Lender
<br />is authorized to coItect and apply the insurance proceeds at Lender's option either to restoration or repair of the Propett}'
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower o?herwise agree in writing, am such application :.° rracCeds to principai shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />such installments. It 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 proceeds thereof resulting from damage to the Property prier to tfie sale
<br />or atsluisifian shat! pass to Lender to the extent of the suns secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />S. Preservation and Maintenance of Property, Leaseholds; Condominiums; Planned Unit Developments. Borrower
<br />shall keep the Property in gaud repair and shat( not commit waste or permit impairment or deterioration of the Propetty
<br />and shall comply with the previsions of any lease if this Mortgage is an a leasehold. If this Mortgage is on a unit in a
<br />condominium or a planned unit development, Borrower shalt perform alt of Borrower's obligations under the declaration
<br />or covenants creating ar governing the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent documen[s. If a condominium or planned unit development
<br />rtdec is executed by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
<br />shall 1p incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />were a part hereof.
<br />7. Ptrotec~on of Leader's Security. If Borrower faits to perform the Covenants and agreements contained in this
<br />Mortgage; or if any action or Proceeding is commenced which materially affects Lender's interest in the Property,
<br />ittCluding, but eat limited ta, eminent domain, insolvency, code enforcement, or arrartgemenis or proceedings involving a
<br />bankrupt ar decedent, then Lender at Lender's option, upon nonce to $arrower, may make such appearances, disburse such
<br />stiles and take such action as is necessary to protect Lender's interest, including, but not Limited to, disbursement of
<br />reasonable. attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />condition of making -the loan secured by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />insurtnce in effeM until such time- as the requirement for such insurance terminates in acwrdance with Borrowei s and
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