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Uxrnoat~t Covexnxrs. Borrower and Lender covenant and agree as follows:
<br />!1~ 1. Prymeat of Pefe~l and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />ix; indebtedness evidenced by rtes Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />g'o, on any Future Advances secured by this Mortgage.
<br />~,} 2. Ft®ds foe Titztxi and Ice. Subject to applicable law or to a wrinen waiver by Lender, Borrower shall pay
<br />~, ZC Lender on tbe day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />~ a sum jherein "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 nett-twelfth of yearly premium installments for hazard insurance,
<br />~ phrs onatwelfth of yearly premium installments for mortgage insurarn:e, if any, all as reasonably estimated initially and from
<br />~ time to tirt~ by Lender on tbe basis of assessments and trills and reasonable estimates thereof.
<br />The Funds shall be 6etd in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />also agency {including Lender if Lender is such sa 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 aaccunt,
<br />or verifying and axrmpiting said assessments and bills, unless Lender paps Borrower interest on the Funds and applicable law
<br />ptxruits Laenaler to make such a charge. Borrower sad Lender may agree in writing at the time of execution of this
<br />Mort~tge that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applipble law
<br />requires stttdr intstest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shag give is Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />parpose for which sack debit to the Funds was made. TTre Funds are pledged as additional sectrity for the sums soured
<br />by this Mortgage.
<br />If 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, insurance premiums and ground rents, shall exceed tbe amount required to pay said taxes,
<br />sstesemertts, insurance praxaiums and ground rears as they fall dos, such excess shall be, at Borrower s option, sitber
<br />promptly repaid to Borrower ax croditsd to Borrower on monthly installments of Funds. if the amount of the Funds
<br />held by Linder shall not be strfficiwt to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrotwer ahaB pity to Lender any amount necessary to make up tbe deficiency within 30 days from the date notice is mailed
<br />by Leader !a Bortawsr requesting payment tbereof.
<br />Upm payment in fall of all arms secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />hrJd by Lendsr. If under paragraph I8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />saa°u ap~y, no ister ittan immom`areiy prior ro rfu sale of inn rrope~ or rs aegrisr~r oy Leadc~, any Fem... h~ i
<br />Lander ffi the time of appliattim m a credit against the sums secured by this Mortgage.
<br />3. Applicatiaa sf lagaeatr. Unless applicable law provides otherwise. all paytnenu received 6y Leader under the
<br />Nam and paragraphs 1 and 2 hereof shall be applied by Leader first in payment of amounts payable to Lender by Borrower
<br />aodet paragraph 2 hereof, then to interest payable on tbe Note, then to the griacipal of the Note, and then to interest and
<br />ptindprl am any Ftanae Advances.
<br />1. ~ I1eas Borrvwrr shall pay aB taus, assessments and other charges, fitter and impositions attributable to
<br />the Pnopesty may attain a priaxiiy aver this Mortgage, and leasehold payments w ground tsnta, if any, is the manner
<br />ps=nided tinder paragraph 2 hnsof or, if Wax paid m such maarter, by Borrower makin8 payment, when due, directly to the
<br />peyoe tieteof. Horrorwer sbaB prompdy furnish to Ls~er all notices of amounts due under this pangraph, and in the event
<br />!1 steal! mats payment directly, Borrower shaII promptly furnish to Lender receipts evidencing such payments.
<br />Haroetttr shall pattntpdy aischaugc my lien w7tich hu pria:rity over this Mortgage: provided, that Borrower shall no[ be
<br />to aincitarye any larch lien so long as Borrower shag agree in writing to the p:vmertt of the obligation secured by
<br />secit 6m iu a manner aoxpnhk to Linder; m shall in good faith contest such lies by, or defend amfortxntertt of such lies in.
<br />ic,d rarhach opvate to prevent the enforaxntertt of the lien w forfeiture of the Property or any part thereof.
<br />3, l~ ~. Baxrowsa shall keep the improvements now existing m ltereaftsr croaaxl axi the Property insured
<br />aBtinet ion by Bet. hmrds incltsded within the term "e:teaded coverage". soil such other hazards as Leader may reap•ire
<br />sail is atrc6 amotrrtc and for such ptxiods as Lend~a may require; provided. that Leader shill not require that the amount of
<br />relate aaa amrseed that amotteu of wvrraSs required [o pay the sums secured by this Mortgage.
<br />'I>te ioaarantx a:~iex ptoavirrl4ng ~e iatutance shall be choss+t by Harrower strbjocf Eo approvil by Leader, provided.
<br />that each appsetni ahtH not be uarasonably withheld. AB pnmtiums am iowrartoe policies shall be paid in the taaoaer
<br />pto*idsd tinder paragraph 3 ltaeaf aY, if tact paid in sttdt manner, by Borrower making payment, when riete. direaxly to the
<br />iaatarattta eaarin:
<br />Ai s~anoe poticaea sat! rtntewah ihaateof shag be is foam acceptable to Leger and shall include a srattdard mortgage
<br />i~ealare ~ fi+ar a71 and tin ~ > to Lendrrr. Leander shall have thz rrgM to ho;d the p~sles and reaewsls tlsarpf,
<br />sfd ~oreT stud ptrampt4y ftsniait to Leader all rraewil notices and ati receC}xs of paid premiums. Ia tbe t:vettt of k>ss.
<br />Derawty taaH g:vc pmm~+t aooee to the ;maraotx carrier and Lamdri. Later may make proof of loss if trot rnatle P~PdY
<br />es lanttt~.
<br />(}eit,~ ;,ender aetd HosrtrrKr atdrertviss sjte¢ ks +wtitrng, imuranx pry shall be applied to tsstoration or repair of
<br />ffie ps+opsaty damaHed, pswidad sgeh rtmeaation ate repair is etxtnoenicalty fess~te soil the sceurity a>f ibis Mortgage n
<br />alt drerttb~ iced. tt ssrch reaioration are rsrpair ;s not sawaamicilfy feasible ar if the security of this ldart=age would
<br />6a ittapited, tie iawteaetae proceeds stag Ee applied to the stuns sectued by this Mortgage, with the tmccess. if any. paid
<br />tp . !i tins ~3'a ahaedaoed by 1Boarosrer, or if Htxrtrwart fails to ttapond w Lender within 30 days from the
<br />awe matte's mated by Lsadar ao Heetosvsr thu the innrranoe a,rrisr crffess to satle a claim for insurance bene5ts, Lertder
<br />its aa~ot~ m aaoiect std apply rise a ptraoeedc at Lender's optiate either m raxtoratiat are repair of the Property
<br />asr to Hite atataa atttasted by it's -
<br />tlaiesa Ltsder sad Berman o srttae isr writ, stele stsrh apgliratim ~ proms u> priappil shill Wax aattetrd
<br />or poatpme the ache nave of the tnooMty inatdhatms referrsd to in paragraphs 1 and 2 heeeof or changs rho auaouat of
<br />reach If larder p l8 hereof the Property is atxptirtxl by Imder, aB rigM, tide sad intsrau arf Borrowarr
<br />~ sail m.tutpr ieeartzrace potiaas and in aril ~+ the proceeds fiaeaeof r'Wiltiag frnm damage ?o r>te Property prior to the sale
<br />sat aegiurataa pass ~ L®der ut $re rural of ~e sums seemed by ~s Maxtgage imrrmdiately prmr to wch sale: ax
<br />~ AaassaYas aai Ittaiarenaax aaf >rsapettr; leaaairaiiq fwioisiattat lriaaed lt3ait DerdopmnAa. Borrower
<br />stall IOegp tilae rtapaRly is goon tepila sail ttlrH as mmasa waste or pert impaireatu er d of the Property
<br />attrd ftiaB ettterpl} _rit6 t!e pttasittieem a~f attg isaae if than M is am a kaseltold. It this Mortgage is on a trait in a
<br />auittroieiam err a Aimed a~ datdopntaru, Eerro.Per rhell perform a8 of Bnrrowu's oMigatians under tha declaration
<br />m ao g er gases the aar plaatned rash devsdop~nt, the by-btws and regtdatiom of the
<br />aaada~iotan a piwd Wait elsrtsiopaemt, atad caoagnxat dacumeats. i# a condo~mitm or planned unit development
<br />ridta' is +lgpaoMpi lair >tsrtaa~er stand rtreoudad laHtdlter whh this ltartjage, the t~vemrlL attd ~retaaeMs of such rider
<br />tiM M irtoed iaato soil ttiaB aanepd trod syppleasmt the covenanu sad a)neeeamts of this MortgtaR as if the rifdra•
<br />rwss~rltfr~rref,
<br />~ at I+ttiltiss'f ~ If Hourower fsih to petierm the caseaana sad apraxmeos axtmained in tltds
<br />i~ err' algr aeriiats tlr pswafieK tb vrbucia y accts Lentil's ie~st i the Ptarpexty.
<br />iMsl Gait 3'ianiand fa, wiptat detnaie. imedasney, node fit. or arratrgt or Pracxedio!¢ im dvi~ a
<br />_ kdl~lEalr#naedtt~+eboelsoa.ratLsdder!a; FpOn tap6te to Barrpa-ar, may snake latch appearanom. airsburse weft
<br />tiMM alit ~ ands atiloa as iia satrae~ory a6ti passer Caviler's i~ItadatK, but sax limited to, disbursement of
<br />i+tiasow~tie aaeapy`s {pas anti ems! nptan rise Property to spate L€ Ltearda regtarrd rttortgagt iaarrancx as a
<br />toa~ditinet aaf ~ idaa laau aat~gd by 11ris Horrowu shag pay the premiums rsquired to maintain such
<br />iaorattm tilt sleet ~ ardi titae as the apgaitagt5et fcr atilt iaarranrce termrna6es in aca:ardance with Borrower's and
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