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Uxrnow+t CovExnxrs. Borrower and Lender covenant and agree as follows:
<br />1. 1'ayttsent of Principal and Interest. Borrower shall promptly pay when due the grincipal 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 interese
<br />an asy Future Advances secured by this Mortgage.
<br />2. Fsndt far Taxes std Imo. Subject to agplicsbie law or to a written waiver by Lender, Borrower shall pay
<br />to Leader on the day mosthty installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a entm (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground tents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />phrs one-twelfth of yearly ptemitaa installments for mortgage insurance, if any, all 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 is an institution the deposits or accounts of which art insures err guazanteed by a Federal or
<br />~ also agency (including Lender if Lender is such an institution ). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said accotmt,
<br />or verifying and compiling said as~ssmenU and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />i permits Leader to make such a chazge. Borrower and Lender may agree ir. writing at the time of execution of this
<br />*"i Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />i ttxiuires stxh interest to bt paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />,,,"? shall give to Borrower, without chazge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />rZ pttrpase for which each debit to the Funds was made. The Funds are pledged as additional sxuriry for the sums sxuttd
<br />~ by ibis Mortgage.
<br />Lf the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, imstmance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />asxssooerq insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />p'rampfly repaid to Bortawer or credited to Borrower on monthly installments of Funds. If the amount of [he Funds
<br />ht3d by Leader shat] not Ile str6ckat to pay taxes, assessments, insurance premiums and ground rents as they fall dux
<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 tit Borrower requesting Payment thereof.
<br />Ltpon payment is full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower arty Funds
<br />6dd by Lender, If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Leader
<br />Ott ~ y _~ l~ '...,o.° .a,maa:=`My ~ ^,r t u~.. `~.,~° :~ L.'°~ ..°..,_g,~.. f ... _ a°".y ~iti ., .~,y I.t...,'ai~r, any Fu w l:Elfi..~j
<br />Linder at tha tirne of applicatitan as a credit against the sums secured by this~Mortgage.
<br />3. Appieatioe d Pty. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs I a~ 2 htxutf shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />tender paragraph 2 tterrof, then to interest payable on the Note, then to the principal of the Note, and then to interen and
<br />principal on any Future Advances.
<br />4. ~ Beet. BorrowRr shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Ptttpa4y which may attain a princely over this Mortgage, and leasehold payments or ground rents, if any, in the tttattrter
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof, Bortowts shall promptly ftttnish to Lender all notices of amounts due under this Paragraph, and is the event
<br />Borrouet• shall make payment directly, Borrower shall promptly furoish to Lender receipts evidencing such payments.
<br />Bortofrer shall Poly discharge any lien wfiiclt has priority over this Mortgage: provided, that Borrower shall not be
<br />rraquit~ed ro dittr3targe any such Iien so long as Borrower shall agree in writing to the payment of she obligation sstiured by
<br />tart 6tm rn a manner atxxptabk to leader, err shall in good faith comest such Ikn by, or defend enforceateni of such tico in,
<br />tegaI ptooeadittgs which operate to prevtmt the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Haisei Iattfttrtfece Borrower shall keep the improvematts now exiAing or hereafter erected en the Property insured
<br />tgttinst Loss by foe, hazards included within the term "extended coverage', and such other hazards as Lender may require
<br />and is rfudf runottnts std for Arch paiotls as Leader may require; provided, that Lender snail not require that the amount of
<br />stern exceed that atawmt of coverage required to pay the sums secured 6y this Mangage.
<br />The ~•*~~ carrier providing the ;.,d..-~...-,. shall be chases by Harrower tubjeu to approval by Lender, provided.
<br />that atfeh approval shag tint be unrt:asonahly withheld,. Ali premiums on ittsurartce policies snail be paid in the manner
<br />ptaviidod under paragraph 2 ht:reaf or, if not paid in such manner, by Borrower making payment, what dtu, directly to the
<br />tarCia•.
<br />Ail polieiea and rtmewals thereof shall he is farm accxpubk to Lender and shall i~iude a standard mortgage
<br />ht favor of need ~ form axep<,abk to L as3:a. ! -Harr sh31! hsvt L'>< right :o lmld ten po,'i~ies need rrnewals ttserwf,
<br />atad BoCroarer shall prottgftly tutttaslt to L.endtx all rrnewai aasices and ail receipts of pad praniums. In the event of loss.
<br />Barraror shaBl give pfarapt norix to the irtmramat carrier sad Leader. Lahr may make proof of bas if mot made promptly
<br />hq Banorea.
<br />Unieat l,afder ate Hwrowtr otherwise agree in W trtxtg, ittturanae procetds shall be applied to tesiomtmn or repair of
<br />the Ptaperry damaged, psovided such rrstonritat or rrpur it eeortcxrticaih feasible and for security of this Mortgage is
<br />sot thereby itnpraired. If even restoration os ts>patr is nor rcacxxaically feasittk or if the saucily of this Mortgage walla
<br />fie ir~sirad, t>te imntan~e pt+ooeeds shag be applied to the ataM sacurtd b} this Mortgage, with the excess, if any. paid
<br />to Bertu+rsr- if Cho Property is abatdcufed by Bortowrr, err ii tibrrover fait to .respond to Leader within 30 days from the
<br />dam online is std by Is~der to Bmrowrr that the ittstfraace atrri_n offers to sleek a claim for insurance hetsefits, Lusdrr
<br />it aa~ar+me~d m toBecl and apply the insurance proceeds at Leader's option either to restoration or repair of the Property
<br />a m ffie tatt:s sa~tted by Ibis Marigage.
<br />Uaies Lender and Bortuwer ocherwiac agree en ssntittg, any wch :gplication c.f proaxdt to pri~ipal shall not exte~
<br />or past: the due date tff ate tffcxtthty iaAalimeau referred to in paragrapiss 3 and 2 hereof err change cite amount of
<br />snob If tfoder paragra~t i8 lftxeof the Ptoperl} is a~}uired by i,aader, all right, title and interest of Borrower
<br />is sad m nay itf~raaee poticita and in end ro the prtaceeds thereof rrsultutg tram damage co the Property prior to the sale
<br />err ate shall pant to Leader m the txxtmt a# t~ tatms secaued by this Mostgagr immediately prior to such sale or
<br />i. Ttaesvaiee ant Ttfaieteiatfcr sf Reptaty; L,eaaekolds C®edasaaie~ Pitratei UaB Devdopmrnts. Burrower
<br />s~ ~ fife Property i >7t+ad rt~tair aefd shag not tifmmit water ar permit impairment or deterioration of the Property
<br />atfd tAu6 aaimply will! the pivri3ioos nB soy lease if alts Mortgage is an a kesedtold. !f this Mortgage is on a unit in a
<br />ooedaarseism a< a piansed tad. deisiopme~, Baatarrr tdall perform all of Sarttrwer's obligations uttdet• the dalaratipn
<br />err s~e/a Ct gtrvm' the citmt ~ plaamtd unit devtlcsltment. the by-laws and regulations of the
<br />ooo3osiaius err pYmtad final devdopmmtt, std csoaatittteot documents, if a cnrtdoatinium or planned unit developaurtt
<br />Lidos is eseetfaed by Aotnotty and rtrofded togaher with this Mortgage.. the covesantt std agreenuatt of such rider
<br />s4dl ba imoaepoeatad teen and a4aH atsrad and Cite caveaamu amt a;reeaaentt of this Mortgage as if the rider
<br />trots a. ptttX lfttrad.
<br />!: i[fftiaoAtee at Iesiteta $ewdiP. if Barfoarer fait to perform the otrveosats and agreemrnta contained in this
<br />lLsr~ye„ tr ~ gray actfan err proonptTCag ~ r~mmenctd tthie6 materially affects Lada's iaterett in flu Frapeny,
<br />ltet not i~itad tn, dmtaia, ittrmvtocy, attde enfortxtntst, err rrrangemeats or proceedings involving a
<br />sr daoedr~, tiafw IsedRfr at Laadrx's apCiom, ttpoa sotiue to Borrower. may matt such appearancra, disburse such
<br />relent aed talcs atrdt action as a tttxess:ry ttt protect I.atder't itterest, including, but trot limited to, disbunemem of
<br />tftftanetiltie attaoay`s fns and ~y uppn the Property to tttake rePvn. If Lender required mortgage insurance as a
<br />ooeditiae ad ataitioag ate 1t5~ rtecated by thSs Mortgage, Borrower t}utl pay the premruats required to maintain sruh
<br />iaaoranoe m elfeet t»sd ~ time as the tegtticement fa• such itsurance urminatcs in accardana with Bortnweis and
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