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<br />rirrtr~traas Cav>=rr,[,*rss. Borrrnv~ and Leader scwtaunk sad agrtc as fof9oa~s.
<br />I. Paytaeat of lrLdpai ant iattrrst. IBourowaer hull promptly Pay avhrn due time principal of and in~uresa on tbt
<br />~drress evidenced by the Nate, prtpaymant and fats charges as pzavided ir, the ?4ott, and tbe principal of and intttest
<br />on any Futtuc Advances securest by this Mortgagc.
<br />1 IPsads fsr Tats eat laatttrace. Subjsct to applicable law ~ to a written waive by Ltnd<x, Borrowsr shall pay
<br />to Lender oa tlae day monthly imta[ttacnu of pritscipat and iruerest are payable undo the Note, until the Note is paid le fait,
<br />a zsr$ (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground renu oo the Progeny. if any. plus ono-twelfth of yearly premium installmcnu for hazard insuratrce,
<br />plus one-twelfth of yearly premium instaltaKnu for mortgage insurance, if soy, aL' as reasonably tatimated initially and from
<br />time to time by Leader on the basis of asscssmsms and bilk arsd reasonable estirrratts thereof.
<br />The Funds shall be held in an institution the dtposiu ar accounu of which are insured of guaranteed by a Federal or
<br />state agency tinctuding Lender if Lcndcr is such an institution). Lender shall apply the Funds to pay said taxes, assessrttents,
<br />imarance pranitams and ground renu. Ltnder may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessmenu and bilk, unless Lender pays Borrower interest oa the Funds a~ applicabte }aw
<br />perrnitx Lender to make such a charge. Borrower and Lender may agree in writing at the tune of execution of Chia
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or appligbk law
<br />rsquirts such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Leader
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing r. edits and dtbiu to the Funds and the
<br />p»rpose for which each debit to the Funds was made. The Funds are pledged as additional se_ur:ty for the sums secures
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Ftmds payaSle prior to
<br />the dtx dates of taxis, assessmenu, iffiurance premiums and ground renu, shall excel the amount required to pay Paid taxes,
<br />assessmenu, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, eifhtr
<br />promptly repaid to Borrowtr or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessmenu, insurance premiums and 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 Borrower trgtxsting"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 pazagraph I8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Letider, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. A~Bcmion of Paymems. Unless applicable law provides otherwise, all paymenu reteived by Lender under tbe
<br />Note and paragraphs I and i hereof shalt bt applied by Lender first in payment of amounu gayable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payahle on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which trtay attain a priority over this Mortgage, and leasehold paymenu or ground rents, if any, in the manner
<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. Borrower shat) promptly furnish to Lender all notices of amounu due under this paragraph, and in the event
<br />Bormwer shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall 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 shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to grevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hazard Imnazettce. 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 Ltndcr may require
<br />and in such amounu and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The insura~e carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />that such approval shag not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />All insurance ptlicies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to lxcder. Lender shall have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish [o Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt entice to the insurance carrier and Lender. Lender may make proof of loss if not trade promptly
<br />by Borrower.
<br />Unions Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Progeny damaged, provided such restoration or repair is economically feasible and 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 impaired, 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 Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />dart notice is mailed by Lender io Borrower that the insurance carrier often to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the earns secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaUmenu. If under paragraph 18 hereof the Properly is acquired by Lender, all right, title and interest of Borrower
<br />in and to any inatuance policies and in and to the proceeds thereof resulting from damage to the Prapeny prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />b. PKServatioa sad Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
<br />shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />and shall comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covettanu creating o; governing the condominium or planned unit development, the by-laws and regulations of the
<br />tontlomiuium or planned trait development, and constituent documents. If a condominium ar planned unit development
<br />rider is executed by Borrower and recorded together with this Mortgage, the covecanu and agrcements of such rider
<br />-shag be incorporated-into and shall amend and supplement the covenants and agreemenu of this Mortgage as if the rider
<br />were a part hereof.
<br />7. Propxdnn ~ Ltmter'a Setndty. If Borrower fai)s to perform the covenants and agreemenu contained in this
<br />.Mortgage, ~ if arty action of prace.~ing is commenced which materially affects Lender's interest in the Property,
<br />including, btrt not limited to, eminent domain, insolvency, code enforcement, or arrangemenu or proceedings involving a
<br />bankrupt or decedent, then Lender at LendePs option, upon noticq to Borrower, may make such appearances, disburse such
<br />sums and take stash action as is necessary to protect Lenders interest, including, but not Limited to, disbursement of
<br />reasonable attotaty's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />coaditioa of making the Man sxttred by this Mortgage. Borrower shall pay the premiums required to maintain such
<br />ittatuana ut tffect ttetil sash time as the requirement for such insurance terminates in accordanee with Borrower's and
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