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<br />Uarrraess CovaN~tawta. Barrowar attd Lender cavenartC and agree as foBaa+^s:
<br />t. ' Pa>t~ at Prldpai zed lnsesinf. Barnrwu shag promptly pay u'htm due tht ptincip~a] of ateel intereA as the
<br />indebtodness evidenced by the Nate. prepayment and late charges as provided in the 1Vac, and the principal of and interat
<br />an a~ Future Advances saaued by this Mortgage,
<br />Z. Feeds tar Taus >~ Iawene. Subjoci to applicable law or to a wrinen waiver by Lender, Borrower shaft pay
<br />to Leads on [ht day monthly iastallrner[ts ~ gtincipal and interest art payable umler the Note, anti! the Nat is paid in fetN,
<br />a sum (herein "Ft[rtds"} equal to one-twdfi}t of [Ine yearly taxes and assessmenu which may attain priority rner this
<br />Mortgage, and ground rants on the Property, if any, plus one-twelfth of yearly premium ittstaiLnenu for hazard insurance,
<br />phrs one-ttvdfW of Yearly premium iauatlmenu for mortgage insurance, if any, aB as reasonably estimated initia8y a~ from
<br />tires to lime bl' bender as the basis of assessments and belts and n~sonabk estimates ttrereof.
<br />The Fnnds shall be held in an institution tlx dept ., or accounts of which are instQed or gtrazaateed by a Federal or
<br />state agetscy (including Leader if Lernkr is such an institution}. Leader sna11 apply the Funds to pay aid taxes, assessmrnts,
<br />iffitrraixe premiums a~ ground tcau. Leader may not charge for so holding and applying the Funds, analyzing said atxouai,
<br />or verifying and compiling said assessmenu and bills, unless Lender pays Borrower interest on the Funds and applipbk law
<br />permits Lender to make such a charge. ]lorrower a*ed linden tray agree is w.^:iing at the *asce of eaecution of this
<br />Mortgage that inttrest on the Funds shall be paid to Borrower, and unless stub agreement is made or applicable law
<br />rtxryires such interest to be paid, Leader shat( nest be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt give w Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds earl tht
<br />purpose for which each debit to the Funds was made. TIC 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 dtre dates of razes, assessmenu, insurance premiums and ground repo, shall exceed [he amount required to pay said taxes.
<br />assessments, insurance premiums and ground repo as they fall dtte, such excess shall be, at Borrower's option, eiWc
<br />promptly repaid to Borrower or credited to Borrower on monthly installmenu of Funds. If the amount of the Funds
<br />held by Leer shalt not be sufficient to pay taxes, assessmenu, insurance premiums and group repo u 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 Leader to Borrower requesting payment thereof.
<br />Upon payment in foil of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later Wan immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by Wis Mortgage.
<br />3. APplicsnioa of Paymeau. Unless applicable law provides otherwise, all paymeau received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on We Mote, Wen to the principal of the Note, and then to interest and
<br />principal on any Future'Advences.
<br />4. Charges; L1eas. Sorrower shall pay all taxes, assessmenu and other charges, fines and impositions attributablt to
<br />the Property which may 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, direcily to the
<br />payee thettmf. Borrower shall promptly furnish to Lender all notices of amounts due under Wis paragraph, a~ in the event
<br />Borrower shall make payment directly, Borcower 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 na be
<br />regtrirtd to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />stair Tien in a manner acceptable to Lender, or shat] in good faith contest such lien by, or defend enforcement of such lirn in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part Wereof.
<br />5. Hazard Iewrance. Borrower shall keep the improvements now existing ar hereafter erected on the Property !roared
<br />against lass by Sre, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounu and for such periods as Lender may require; provided, that Lender shall not require thaz the amauat of
<br />such coverage eaceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The insurance carrier providing We insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />Wa[ such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided tt~er paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to We
<br />iastnaace carrier.
<br />All insurance policies and renewals [hereof shall be in farm 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 thereat,
<br />amt Borrower shat! promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the turn[ of loss,
<br />Harrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Proprty 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, We insurance proceeds shall be applied to the sums secured by this Mortgage, with the access, if any, paid
<br />to Borrower. If We Property is abandoned by Borrower, or if Borrower fails to respond to Lender wiWin 30 days from the
<br />daft notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to coltet:t and apply the insurance proceeds at Lender's option either to restoration or ropair of the Property
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower aWerwise agree in writing, any sorb application of proceeds to principal shalt not extend
<br />or postpone the dot date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaltrncnu. If under paragraph IS hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds Wereof resulting from damage to the Property prior to the sale
<br />or atxlttisition shall pass to Lander to We extent of We sums secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />6. Patservatloa atsd Mafeteasece of Property; Lxascholds; Condominiums; I7aeaed Unit Developmenu. Borrower
<br />shat! keep Lye Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />amt shalt comply wiW We 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 dedazazion
<br />or covenants creating or governing We condominium or planned unit development, the by-laws and regulations of the
<br />condtnniniuan or planed unit developtttent, and constituent documents. If a condominium or planned unit development
<br />rider is ezecuted by Botmwer and recorded together wiW this Mortgage, the covenants and agreements of such rider
<br />shall 6e iocotporated into acct shalt amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />werg a part hereof.
<br />T. 1l'i<o~asoe of ]i.adu'~ &escb`~. 7f Borrower fails to perform We covenants and agreements contained in this
<br />Mortgage, ar $ any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />inc(teding, but not limited to, tm++~t domain, insolvency, code ea€orcement, or arrangements or proceedings involving a
<br />httelrntpt or tlxtdeni, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />strap and take retch action as is txcesxary to protect Leader's interest, including, but not limited to, disbursement of
<br />rtuonabk attorney's fees- a»d entry upon th Property to make repairs. if Linder required mortgage insurance as a
<br />condition- of retaking Use loan secured by this Mortgage, Bi)rcower shall pay the premiums required to maintain such
<br />imtuaeue in eflect until such time as the requirement for such insurance terminates in accordance with Borrower's and
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