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<br />Uaa1tt"dR~t {:ovz>K,trcrs. IBorrosvtr and leader ccrvcntunt sad agrcc ;ms fofdkaaprs:
<br />'t, 1PaM~Ntsrat of ~ sad ft~ssest. Brnrnrv,-ier proasjptly pay ~wfarn dstc t'be prittcipak ~^' vm1' inttrest on the
<br />6V~ebtnds ev~tdrnced ~' Nutt, prepaymene and Saxe chasers as prowlid~ wn the Nom, and Rex ~pri~.~ipatl of and istitaest
<br />oa nay Fmem Advances sectored by this Motgage_
<br />Z. Fttaie for Tara ad ianera~ce. Sttls}xt ro applicable law at to a writttrt waiver by Lendu, Horravvtr shag pay
<br />m I.ertdcr oa the day monthly ituiallmtors of principal aced irAtrest arc payable under the Nott, umi! the Note is path in frill,
<br />: tatm fberein °Ftmds^I equal to ono-iwelftlt of the yearly taxes and assasrnrnts wbictt may attain prirnity Duct tbu
<br />Mortgage, and ground rents on the Property, if any. plus one-twelfth of Yearly premium +nuntt,,..nu for hazard ittsirrattce,
<br />plus ono-lwdith of yearly premium in~Amm~.ta for moriga~ irmsrance, if any. alt as reasonably estimated initially attd from
<br />dent to tiax by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The French shall be held in an institution the deposits or accounts of which are irestutd rn guaranteed by a Federal rn
<br />state agency (including Lender if Lender is such an institution}. Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums sad ground rents. Lender may not charge for so holding aced applying the Funds, analyzing said accotmy
<br />of verifying and compiling said assessmcnts and bills, unless Lendcr pays Borrower interest on the Fends and applicable law
<br />permits Leader to males such a charge. Borrower and Lender may agrce in writing at ttte time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement ~ made or applicable law
<br />regtttra such interest to be paid, Lendcr shall not be required to pay Borrower any intcrest or earnings oo the Funds. [..ender
<br />shall give !o 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 ttte Funds was made. The Funds are pledged as additional security for the wens secured
<br />by this Mortgage.
<br />If the atttount of the Funds held by Leader, 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 />s~~m~nts, 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 installments of Funds. If the atttount of the Fttnds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lendcr any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borzower requesting" payrreent thereof.
<br />Upon payment in frill of alt sums secur°,.d by this Mortgage, Lender shall promptly refund to Borrowu any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lendcr
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lendcr, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appflcstlon of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 sad 2 hereof shall be applied 6y Lender first in payment of amounts payable to Lender by Harrower
<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; 13e~. Borrower shall pay all taxes, assessments and outer charges, fines and impositions attributable to
<br />tits Property winch troy attain a priority over this Mortgage, and leasehold payments or ground rents, ff any, in the manttu
<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 alt notices of amounts due under this paragraph, and in the event
<br />~rrowtr shall make payment directly, Borrower shall promptly famish to Lender receipts evidencing such paymenu.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required to discharge nay such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lira in a mattr~r acceptable to land.°r, or shalt in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hazard Iffinrancs, Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by 5re, hazards included within the term "extended coverage", and such other hazards as lender may require
<br />sad in wch 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 />'Ihe insurance cattier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />that such approval shall 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 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 to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />attd Borrower shall promptly furnish to Lender alI renewal notices and a!I receipts of paid premiums. In rite event of loss.
<br />8orcower shalt give prompt entice to the insurance Barrier sad Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Utrkss Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to reseoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. If wch 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 stuns secured by this Mortgage, with the excess, if any, paid
<br />to Borzowu. If the Property is abandoned by Borrower, or if Borrower tails to respond to Lender within 30 days from the
<br />daze aotfce is mailed by Leader to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the i.•esurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the stems secured by this Mortgage.
<br />Unless Leerier and Borzower otherwise agrce in writing, any such application of proceeds to principal shall not extend
<br />rn postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments. if under paragraph IS hereof the Propertv is acquired by Lender, all right, title and interest of Borrower
<br />in artd to any insurance policies and in and to the proceeds thereof resuleing from damage to the Property prior to the sale
<br />or acgtsition shall pass to Lender to the extent of the Burns secured by this Mortgage immediately prior to such Bak or
<br />acquisition.
<br />tw Pr~metvatf~ and Maiehtsaace of Property; I.easeltald>„ Coadwrslsinms; Planned Urtlt Developments. Borrower
<br />shall keep the Property iu good repair and shall not commit waste ar permit impairment or deterioration of the Property
<br />and shalt comply with the provisions of any [Bare if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />condott»»ittm or a planned trait development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating or governing -the condominium or planned unit development, the by-laws and regulations of the
<br />sondomitritan or planrxd trait development. and constituent documents. If a condominium or planned unit development
<br />rider is executed 6y Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
<br />shall be incorporated into-and shall amend and wpplement the covenants and agreements of this Mortgage as if the rider
<br />wart a patCherr~f:
<br />7. Proteednn of Leer's SeetQlty. If Borrower fails to perform the covenants and agreements contained in this
<br />MArtga~, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />inchtding, but not limited to, eaninen[ doL,ain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />baakrttpt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />sums and take such action as is necessary to protect Lenders interest, including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry-upon the Property to make repairs. if Lender required mortgage insurance as a
<br />condition of leaking the-loan sectued by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />insurance is effect lentil such time as the requirement for such insurance terminates in acwrdance with Borrower's and
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