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tV`FP~nHgtBt Cspvett,tJrrs. 8orrtraytr and Iemuder r„rsvenatu and agree. as foltoars:
<br />i.', ~,pP P~wwdgri std Nsslsarna. Biarrrnver shalt par%~npit7° pay r~+Ixrn due rhi pnri!ncupal of aaad imterdt on xhe
<br />ids evideacsd by the Note, ~t and late clurEes as prerided in the N,~c, acct the prittcip~d of sad interest
<br />as airy Ptstue Advaaaa secttretl by this Mortpge.
<br />Z FtsrAs tar Yaae awl Itssrsaree. Subject to sgpiicabk law m m a written waive by i-Bader, Borrower strati pay
<br />to leader ao the day monthly iaAalTmerrts of principaE and iattret are payabk undo the Note, atoll the Note h paid is fttB,
<br />a slim (herein "Fttnds'~ equal to one-twelfth of the ytatly taxes and assessrrxtru which may attain priority over this
<br />MortgsBe, sad gro.md reels on the Property, if any, plus otwtwelfth of yearly premium inatalhttents ter ttazatd instrtasrce,
<br />P~ one-twelfth ~ yearly Premium installments for mtmgage iretrance, if nay, all as reasonably estimated initially a~ from
<br />time !o Lime by Leader on the basis of asse$mams and bills and reasonable estimate thereof.
<br />The Fads shall be held in an imtittrtion the deposits or accounts of which are insured or guarantied b5' a Federal or
<br />state agetxy (including Lender if Lender is such an iastimtion}. Lender shall apply the Funds to pay said to-,es, assesments,
<br />iffiuraace pteminms and ground rents. Itnder may not charge for so holding and applying the Funds, analyzing said accamt,
<br />or verifying atul compiling said assessmenu and bilk, unless Lender pays Borrower interest on tbe Futds a~ applicable laav
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of exealtion of this
<br />Mortgage that interest on the Funds 3haH be paid to Borrower, and unless such agrctrnrnt is made or applicable taw
<br />require such interest to be paid, Lender shall trot be required to pay Borrower any irteret or earnings on the Futtds. Lender
<br />_ ahaB give to Borrower, witlmat chazge, an annttaE accounting of the Funds showing credits and debits to the Funds and the
<br />pnrpoae for which each debit to chi Funds was made. 'Ike Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds Geld by Lender, together with the future monthly installments of Funds payabk prier to
<br />the due dates of taxes, assessments, insurance premiums and ground Bents, shall exceed the amount requited to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrowers option, Berko
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held b3' Lender shall not be suffit~t to pay taxes, assessments, insurance premiums and ground rents as they fall dtte,
<br />Barrowu shat! pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader 20 Borrower requesting payment thereof.
<br />Upon payment in full of all stuns secured by this Mortgage, Lender stroll promptly refund to Borrower any Funds
<br />held by Lender. If unikr paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shad apply, no Eater than immediately prior to the sale of the Property or its acquisition by bender, any Funds held by
<br />Lender at tbe time of application as a credit against the sums secured by this Mortgage.
<br />3, AppHeaflOO of Payme~. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Hots artd gatagraghs 1 and 2 hereof shall be apglicd by Linder firzi in payntem of amounts payabk to Linder by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then [o the principal of the Note, and then to interest and
<br />principal on any Futtue Advances.
<br />4, Chin Leas. Borrower shall pay all taxes, assessments and other charges, 5nes and impositions attributable to
<br />t)x Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />pmvided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, whin due, directly to the
<br />payee thereof. Borrower shall promptly fur~:,h to Lender all notices of amounu due under Lhis paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien whiclt 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 stick lien in,
<br />legal groceedings which operate to prevent the enforcement of the lien or forfeiture of the Property of any part thereof.
<br />S. Hmrd Iaseance. Borrower shall keep the improvements now existing or hereafter erected on the Properly insured
<br />against loss 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 shat: not requirg that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The iffiurance carrier providing the insurance shall be chosen by Borrower subject io approval by Lender, provided,
<br />that such approval shall not be tutt'aasonabiy withheld. All premiums on insurance poGcits shalt be paid in the manner
<br />pmvi~d under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />AB insurattee policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />tdauae in favor of-and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />attd Borrower shalt promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />13nrrowcr shaft give ptomgi Mice to the insurance carrier and Lender. tinder may make proof of loss if not made promptly
<br />by Harrower.
<br />Ualeas Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the 1?roperty 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 impair, the insurance proceeds shall be applied to the stuns secured by this Mortgage, with the excess, if any, paid
<br />[a Borrower li ibe Property is abandoned by Borrower, or if Borrower fails Lo respond to Lender within 30 days from the
<br />date Mice is mailed by Leader to Borrower that the insurance carrier offerz to settle a claim for insurance benefits, Lender
<br />is atithitrized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the mrtns secured by this Mortgage.
<br />Utrliss Lender and Borrower othemise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the dtu date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />stub installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />is and to any insurance policies and in and to the proceeds thereof resulting from damage to tbe Property 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 />acgttisitioa.
<br />!ti Praervatlon sad Mtdotetsance of Property; Leaseholds; Cotsdominiuri~ Planned Uaft Ikvebpmems. ]Iorrower
<br />shall kepi the Property in good repair and shall not commit wasu or permit impairment or deterioration of the Properly
<br />trod shalt 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 plaatted unit development, Borrower shall perform ail of Borrowers obligations under the declaration
<br />or covenants creating or goveraiag the condominium or planned unit development, the by-taws and regulations of the
<br />condominium or planned unit development, and coasdtuent documents. If a condominium or planned unit development
<br />rider is exewted by Borrower and record togetber with this Mortgage, tbe covenants and agrrements of such rider
<br />ahallbe-incorporated into and shall amend and suppiemem tbe covenants and agreements of this Mortgage as if the rider
<br />were. a part hereof.
<br />T:- 1'rohclios of -I,~va-$ If llorrowet-fails to perform chi covenants and agreements contained in this
<br />A4art$age, or if any acfioa or protxeding is commenced which materially affects Lender's interest in the Property,
<br />including, but not limited to, emitteni domain, insolvency, code enforccaient, ar arrangements or proceedings involving a
<br />bankntpt to decedent,. then Lender of Leader's option, upon notice to Borrower, may make such appearances, disburse such
<br />ssLma and fake such action as is necessary to protect Lenders interest, including, but not limited to, dist,ursement of
<br />reasotiabk attOmey'a fees and entry open the Property to make repairs. If iettder required mortgage insurance as a
<br />condition of making the lean secured by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />imnrance m effsct tmtil atuh lieu as ih+. regetiretneni for such snsuance tcrmiaates in accordance with Borisuwer's and
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