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<br />Uxertroasdt Ccmtnala-rs. Bt~a~wa and I:rd~tr ~~vtns~at and agree as faBuws_
<br />1. IFWysserR e.l! and est. IBarrtn+tr shutA promp[II pay w}een Whxe the. Ipruesipat of and inttresz rev abe
<br />tvideseat try Stec Note. pre~yvxei sad tau charges m provided in the Nott< and the prs.~cipai of axed uetertat
<br />on say Fttittre Advaacea secured Iry this Morigaac.
<br />2, Phis !ex Tams asst i(nalsrfaet. Subject m agpiicabk lax ~ ue a t+rritten vrairu by ixnder, Harrower shah P'Y
<br />to Lends on the day mevthty installments of pri>xipal artd interest are payable under the Note, u[ttil the 'rate is paid in ftdl.
<br />a stun (hertixt "Funds"? egttal to orx-twelfth of tlu yearly texts and assessneetrts which troy attain P*K"nta` once this
<br />Mortgage, atsd ground teats on the Property, if any. plus orte-twelfth of w~rly prexnitxna imtaB:nettu far hazard irtseaavtx,
<br />plus one-twelfth of ytatfy premitmt itntaihnents for mortgage insuratx:e, if say, all as reasonably estimated initisiiy a~ from,
<br />,... .... ~ ra'~„-; ....'''..,, ~~:...f .«... ,..a pia _.~t _.nn3t+1' estimates thereof.
<br />4The Fends shall be held in an iratitutian the deposits or accaums of which art insured ar gturanteed by a Federal ~
<br />area agency {including Lender if Lender is such an irstitutionj. Lettder shalt apply the Fonds [o pay said axes, asseasmwts,
<br />insnravte ptertriums a>d ground rents. Lender may not charge for so holding and applying She Funds, analyzing said account.
<br />or verifying and compiling said assessments and bins, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower artd Lettdtr may agrce in writing at rtes time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Harrower, and unkas such agreement is made ar applicabk law
<br />requires such interest to be paid, Lender shall not be requiter to pay Borrower any inurest or carvings on the Funds. Lender
<br />shall g'r+e to Borrower, without charge, an annual accounting of the Funds showing credits and dehiss to the Funds and the
<br />purpose for which each debit to the Funds was made. "Ilse Funds are pledged as additional security for the sums xcural
<br />by this. Mortgage.
<br />If the amount of the Funds Geld by Lender, together with tbe future monthly installments of Funds payable prior to
<br />the due dates of taxes, asseasmextts, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, imurance premiums and ground rrnts as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shag not be suHicieat to pay taxes, assessments, insurznce premiums and ground rents as they fall dtu,
<br />Borrower shall pay to Lender avy amount necessary to make up the deficiency within 30 days frcm the dau notice is mailed
<br />by Lender to Borrower regttesting payment thereof.
<br />Upon payment in foil of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />Geld by Lender. If undo paragraph 1$ hereof the Property is sold or the Property is otherwise acquired by Lettder, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender a[ the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appakatiea ~ Pstymstrts. Unless applicable law provides otherwise, all paytents received by Lender under the
<br />Note and paragraphs 1 and ?hereof shall be applied by Lende-. first in payment of amounts payable to Lender 6y Barsowez
<br />under paragraph 2 hereof, then 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. Charges; I3etss. Borrower steal! pay all taxes- assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, is the man>kr
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payce 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 steal! promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall vat 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 prevem the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hazard Imeraece. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />agaivstloss 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; 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 insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />that such approval shall not be unreasonably withheld. Ail premiums on insurance policies shah be paid in the mantter
<br />provided under paragraph 2 hereof or, if not paid in such manner, 6y Borrower making payment, when due, directly to the
<br />insurance carrirn•.
<br />All instance policies 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 tc Lender. Lender shall have the right to hold tl~ polities and rertrwals thereof,
<br />st=d Borrower shat! promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower snail give prompt notice to the insurance carrier and Lender. Lender may ar+ake proof of toss if teat made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agrce in writing, insurance proceeds shat) be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />voi thereby impaired. If such restoration or repair is no[ economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the stuns 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 />dau notice is mailed by Lender to Borrower [hat the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />u authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or w the auras 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 dau of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of
<br />wch inatallmevta. If udder paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in a~ to avy insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall peas to Leader to the extent of the turns secured 6y this Mortgage immediately prior to such sate or
<br />acquisition.
<br />6. 1!'staarvatioe and hq~.e.,,,.. of Property; leatxholds; Covdwsinintt,s; Planned Uttit Devebpments. Borrower
<br />shall keep the Property is good repair amt shall not commit waste or permit impairment or deterioration of the Property
<br />std shall ca~aply with the pmvisiavs of any leasetf this Mortgage is sa a leasehold. If this Mortgage is on a unit in a
<br />condamitnitun or a planned uxtit developntevt, Harrower shaft perform all of Borrower's obligations under the declaration
<br />ar covevaots creating or govemigg the condominium or planned unit development, the by-laws and regulations of the
<br />rnudominitun or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower std rtcor~d together with this Mortgage, the covenants and agreements of such rider
<br />shalt-be ivcQrporattd irao and shall aid and sugpkment the covenants and agreements of this Mortgage as if the rider
<br />were a part hereof.
<br />7. Prohctlos of lisadet's 7'. If Borrower faits to perform the covenants and agreements contained in this
<br />bYortgage, ar if avy action or proc~3ing is commenced which materially affects Lender's interest in the Property,
<br />incuding, but not limited to, eminem tiomaiv, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Levdrs at Leader's option, upon notice to Harrower, may make such appearances, disburse such
<br />sums arMt take such action as is ttecessary to grotect Lenders interest, including, but not limited to, disbursement of
<br />reaaonabk attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />condition of making -the loan sectued by this Mortgage, Borrower sha[1 pay the premiums required to maintain such
<br />insurance in effesi tmti2 sash tirve as the requir~nt for such insurance terminates in accordance with Borrowers and
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