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<br />UNIPQRM xax~rs. Borrower and Lender covenant and agree as follows:
<br />1. Pagme of Pdrtcipal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedetess evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured try this Mortgage.
<br />Z. Ftmds for Razes and Itrsnatace. Stitbject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessmn_^.ts which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments foe 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 in an institution the deposits or accounts of which stn insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shalt 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 account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing ai the time of execution of this
<br />Mortgage that interest on the Funds shalt 6e paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds 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 />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 the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly i:,.,tallmeMs of Funds. !f the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents u they fall due,
<br />Borrower ahaU pay to Leader any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender, If under paragraph ig hercaf the Property is sold or ehe Property is otherwise acquired 6y Lender, Lender
<br />shalt apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lander at the limo of application as a credit against the sums secured by this Mortgage.
<br />3. AppBnatioa of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, than to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Char`es~ Iteaa. Borrower shall pay all taxes, assessments and other charges, fines and impositions aitributabte to
<br />the Property which tray attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in rho manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Burrower making payment, when due, directly to the
<br />pays thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower she!! promptly discharge any lien which has priority over this Mortgage: provided, that Borrower shat! not be
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shalt in good faith contest such lien hy, or defend enfotcetnent of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the Zinn or forfeiture of the Property or any pan thereof.
<br />5. Hazard losutaaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />aad in such amounts and for such periods as Lender may require; provided, that Lender shall eat require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The losurattce carrier providing the insurance shall be Bhosen try Barrawnr subject to approval by Lander: provided.
<br />that sash approve! shall not tre unrcasanab-y withheld. All premiums on insurance policies shall be paid in the manrwr
<br />provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment. when due, directly to the
<br />itasura~a carrier.
<br />:411 insurance poliei~ attd r€ncwals thereat shelf bn in farm aBC-€ptable tip Lender and shall include a standard ttx>rtgage
<br />ctattsa in raver of and in form acceptable to Leader. Lendtr shall have the right to held the policies and renewals thereof,
<br />anti Borrower shall promptly furnish to Lender all renewal noaees and alt receipts of paid premiums. In the Wynn[ of tans.
<br />Borrower shall give prompt natiBe to the insurance Barrier and Lender. Lender may make pr.~uf of toss if not wade ptvmpd*r
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration ar repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the seBUrity of this Mortgage is
<br />not thereby impaired. If such rcstoratian or repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall tre applied to the sums seBUred by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or it Borrower fails to respond to Lender within 30 days from the
<br />date notion is mailed 6y Lender to Borrower that the truurance carrier atfers to sank a claim for insurance benetlts, [xndcr
<br />is authorized to collect and apply the insurance proceeds at Ixnder'a option either to restoration or ropttir of the Propmrty
<br />or to rho sums secured by this Mortgage.
<br />Utrless Lnndcr and Borrower otherwise agree to writing, any such apaliBatian of praBends to principal shall oat extend
<br />or pwtpone the due darn of the monthly installments referred to in paragraphs 1 anti 2 hereof or change the amount of
<br />such installments. tf under paragraph 18 hereof the Property is acquired by Lender, all right, title and intnrrst of Harrower
<br />in and to any inauramn policies and iu and to the prtxneds thnrcaf resulting tram damage to the Property prier to the sale
<br />ar acquisition shall pass to Lander to the extent of the sums secured by this Mortgage imntediatnly prior to such sale ur
<br />acquisltictn.
<br />6. haaervadao trod Malatettaace of Property[ Lerrohol~t Catwlentlolanut Plaaaed Ua# 1;tevnlopmnots. Borrower
<br />shall keep the Praprrty in goad repair and shall trot commit waste or permit impairtnont ar deterioration of the P,apnrty
<br />and shall comply with the provisions of any lease if this Mortgage to tin a leacehold. if this Martgagn is on a unit in a
<br />eandontinium of a planned unit development, Hormwtr shall perform alt of Borrower's obltgatians under the declaration
<br />or t:ovenaou creating ar gavenring the condominium ar planned unit development, the bylaws and rcguls-ions of the
<br />eondaminium ar planaetl unit development, and catratitttent doctuunms, if a condominium ar planned unit dnvnlapmnnt
<br />rider is executed by Borrower and rcrntded together with this Mortgage, the covenants and agreements of such rider
<br />shag be ittcarptrrated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />were a part hereof.
<br />7. ProlacHoa of Lender's Sscttrity. If Borrower fails to prrferm the covenants and agreements contained in this
<br />Mortgage, at if soy action or protknding is cottunenced which materially affects Lender i interest in the Property,
<br />9nclttditty, but not limited t0. eminent dam.+in, insolvency, code enforcement, or arrangemen[s or pracedings involving a
<br />bankrupt or decadent, then Lender at Lenders option, upon notice to Borrower, may make such appearances, disburse such
<br />atttns and take such ttetlon as is necessary to protect Lender's interest, including, but not limited to, disbursement of
<br />reasonable :ttotney'a fees and entry upon the Fropertp to make repairs. If Lender required mortgage insurance as u
<br />condition of making the loan secured try thts Mortgage, Barrawer shall pay the premiutt>-s required to maintain such
<br />Itlauranca to Meet uadl such time as the roquiremoot for such insurance terminates in accordance with Borrowers and
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