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<br />UNtraass Cavt:xnr.-zs. Borrower wad Leader covenant and agree ss fsrllaws;
<br />L hJ` M` > a~ Bcxrower shall prost;xly pay v.ltcn due the pri,~cipa# of and itticresi sw the
<br />indebtedness evidenced trY the Note, prepayment wad late charges as provided :n the Moue. and the principal of and interest
<br />on ~ Ftttttre Advances secured by the Mortgage,
<br />2. P~ for Tass sri iaaoaee. Subject to applicable law or .o a written waiver by Lender, Borrower shaD pay
<br />to Leader on the day snonthtq isatslimeats of principal and irrtereu are payatrk under the Noe, until ttte Note is paid in full.
<br />a stmt (herein Fonds") equal to one-twel[ih of the ytarty taxes and assessments wfiich Wray attain priority over this
<br />Mortgage, and grotmd tens on tltc Property, if any. plus errs-twedfrfi of yearly premium iststalimenffi for hazard insurance,
<br />plus ottatwelfth of yearly premium installtttenffi for mortgage ittsurassoe. if way. aU xs reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and trills and reasonable estimates thererof.
<br />1Le Funds shall be held in an institution the deposits or acccants of which arc insures! nr guaranteed lri• a Federal or
<br />tYate agency (including Lender if Lender is such an institution). Lender shall apply tht Funds ao pay said razes, assessments,
<br />itrsutaace premitrttts and ground rents. Lender may not charge [or so holding artd applying the Funds, anatyziog said accoant.
<br />or verifying std compiling said assessments and bills, uoFess Lender pays Borrower interest on tltc Furls and applicable law
<br />ptardiffi Lends [o m~lce such a charge. Borrower and Lender may agree in writing err the time of execution of this
<br />Mortgage that interest on the Ftmdc shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requird such interest to be paid, Leader shall not be required to pay Borrower any imerest 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 />ptrtytrse for which each s~bit to the Funds was made. 'ills 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 />asaasmtnffi, inattrance premiums anal ground rents as they fall due, such excess shall be, at Borrowers 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 shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Bottowtr shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Le>xler to Borrower regt_ceating payment thereof.
<br />Upon payment in full of all stints sectued by this Mortgage, Lender sh>U promptly refund to Borrower any Funds
<br />f by Lender. If wader paragraph 18 hereof the Property is sold or the Property is o[berwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Futds held by
<br />Lender at the time of applicetion as a credit against the sums secured by this Mortgage.
<br />3. AppBcatioa of Prtymeata. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs t and 2 hereof shall be applied by Lender firse in payment of amounts payable to Lender by Borrower
<br />tinder paragraph 2 hereof, then m interest payable on the Note, then to the principal of the Note, and then to interest and
<br />ptirxipal oa any Future Advances.
<br />4. Chasges; Lilens. Borrower shall 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, in the manner
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment direstty, Borrower shall promptly furnish to Lender receipts evidencing ~~h 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 Bottower shall agree in writing to the payment of the obligation secured by
<br />such lim in a manner asxeptttble to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien ia,
<br />legal praccedings which operate to prevent the enforcement of the Tien or forfeiture of the Property or any part thereof.
<br />S. Heard Ieaaranee. Borrower shall keep the improvements now existing or hereafter erected an the Property insured
<br />agaitmt loss by Sre> hazards included within the term "extended coverage", and such other hazards as Leader may require
<br />also 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 />'tom insurance carrier providing the insurance shall be chosen 6y Borrower subject to approval by Lender, provided,
<br />that wch approval ahttB not be unreasonabty withheld. Ali premiums on insurance policies shall be paid in the manner
<br />provided trntler paragraph 2 hereof or, if not paid in such manner, by Harrower snaking payment, when due, directly to the
<br />tno new Carrlel'.
<br />AB inairsnrr pOliciea wad renewals thereof shay! be in form acceptable to Lender and shall snclude a standard mortgage
<br />clause in favor of and in form acceptable to Leader Lender shall have the right to hold the policies and renewals thereof,
<br />ard131orrower shalt promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to the insurance cattier and Lender Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unlra Leader and Borrower otherwise agree in writing, insurance proceeds shall 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 />trot thtteby impairs!. If such restoration or repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the instttance prsxxeds shall be applied to the stems secured by this Mortgage, with tbe excess, if any, paid
<br />to Borrower. L. the Property is abandoned by Harrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date rtat:~ is mailed by Lender to Sattower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is atttlwrirad !o collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the wtm ttecured by this Mortgage,
<br />Uale~ Le~rder attd 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 />catch iastallt>gnffi. U trader paragraph 18 hereof the Property is acquired by Leader, alt right, title and interest of Borrower
<br />in ctrl to arty i»Atrance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shag pass to Leader 20 the extent of the stuns secured by this Mortgage immediately prior to such sale or
<br />acgttititioa.
<br />f. tnaesvtYioa aid Ma~seana of Property; Leaseholds; CoudotaLslutas; Planned Unit Uevebptneats. Borrower
<br />shall keep the Property in good repair a>d -shall not commit waste or permit impairment or deterioration of the Property
<br />and !hall csitaplY with the provisions of any lease if this Mortgage is an a leasehold. If this Mortgage is on a unit in a
<br />iaium or a planned unit devebpmeat, Borrower shall perform all of Borrower's obligations under the declazation
<br />or t~tronsnffi- creating or govetaiog the ctntdominium or planned unit development, the by-laws and regulations of the
<br />condominitmm or planned ttttit development, and constituent documents. If a coadominittm or planned unit development
<br />rider is executtxl by Borrower std recorded together with this Mortgage, the covenanffi and agreements of such rider
<br />skaB be ioeetpruated iffio attd shag atttend and supptemem the covenants and agrcements of this Mortgags as if the rider
<br />wen a part hereof.
<br />7. lsateetisa ~ Calera 8eetafb, If Bosower fails to perform the covenants and agtsmenffi contained in this
<br />Martgagm, err- if arty- action or proceeding is conime~ed which materially affects Lender's interest in the Property,
<br />iocltxitag, bnt not limited-to, eminent domain, iosolvestcy, code enforcement, or arrangements or proceedings involving a
<br />battkrnpt su desxdant, then Lender az Lender's option, upon notice to Borrower, tray make such appearances, disburse such
<br />suasit Bad tales swell action as is ntxesaary to protcei Lenders intcrost, including, but not limited to, disbursement of
<br />rt~ooable attorney'; fcea and entry-upon the Property to make repairs. If Lender required mortgage insurance as a
<br />crxditiun of ttiatiag Zl~ loan stxnred by this Mortgage, Borrower-shall pay the premiums required to maintain such
<br />iniaTtu~e- in effect tmtil stxh sitsm aE the regttittrnetH.for such insurance terminates in accordance with Borrower's and
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