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<br />LJNfFORM Covexervrs. Borrower and Lender covenant aad agree as follows:
<br />i. Payment of PrIneipsl amt Interzst. Borrower shall promptly pay when due the principal of and interest on the
<br />indebEedtaess evidenced by the Note, prepayment and tale charges as provided in the Note, and the principal of and interest
<br />on nay Future Advances secured by this Mortgage.
<br />2. Ifinds for Tares and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest ere payable under [he Note, until the Nate is paid in full,
<br />a sum (herein "Funds") equal to onrtwzlfth of the }early taxes and asses^:^tnts which may attain priority over this
<br />Mortgage, and gratmd rents oa the Property, if nay, plus one-twelfth of }'early premium installments for hazard insurance.
<br />plus one-twelfth of yearly premitun installments for mortgage insurance. if any, alt as reasonably estimated initially and from
<br />rime to time by Lender on the basis of assessments arvi hilts and reasonable estimates thereof.
<br />'Ihe Funds shah be held in an institution the deposits or accounts of which are insured or guaranteed b}' a Federal or
<br />state agency fincluding Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes. assessments,
<br />insurance premiums and ground rents. Lender may not charge for sa holding and applying the Funds, analyzing said account,
<br />or verifying aad compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Barrawer and Lender ma}' agree in writing at the time o" execution of this
<br />Mortgage that interest on the Funds shah be paid to Borrower, and unless such agreemznt is made or applicable law
<br />regttires such interest to be paid, Leader shall not be required to pay Borrower any interest ar earnings an the Funds. [.ender
<br />shall give to Borrower, without charge, an annual accauating of the Funds shaving credits and debits is the Funds and the
<br />purpose for which each debit to the Funds waz made. The Funds are pledged as additional security far the sums secured
<br />by this Mortgage.
<br />If [he amount of the Funds held by Lender, together with the future monthk installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pa}• said taxes,
<br />assessments, insurance premiums and ground rents as they tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credsted to Barn~wer an month!}' installments of Funds. If thz amount of the Futtds
<br />hole! by Lender Sttall nOI be SUff{cten[ t0 pay taxes, assessments, insurance przmiums and ground rents as thzy fall due,
<br />Borrower shall pay to Lender anp amount necessan to make up the deftciencc within 30 da}s tram the date notice is mailed
<br />by Lender io Borrower requesting payment thereat.
<br />Upon payment in full of all sutras secured br this Mortgage. Lender shall promptly refund w Borrower an}' Funds
<br />held by Leander. If under paragraph IS htreof the Propert} is sold or tha Propeny is otherwise acquired by Lender, Lender
<br />shag appl}•, no later than irnmediatetc prior ro the sale of the Property or its acquisition by Lender, any Funds held by
<br />I.tader at the tirrst of application as a credit against the sums secured b} thu Mortgage.
<br />3. Appiticatlon a' Pgi'meafs. Unless applicable lax provides otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 herzat shall be applied b}• Lender first in pa}ment et" amounts payable to Lender by Barrawer
<br />uadtt paragraph 2 hereof, then to in[erzst payable an the Nott, then io the principal of the Nate, and then io interest and
<br />principal as any Futtue Advancers.
<br />S. t'es; Liens. Borrower shall pax ali taxes_ assessments and other charges, fines ,.nd imlx littoral attributable to
<br />the Property which may attain a priority over this Mortgage. and feasehnld payments or ground rents. if any. in the manner
<br />provided tinder paragraph 2 hereof or. if not paid in such manner. b} Borrower making payment, when due, directly to the
<br />payee i)xreof. Barrawer shall promptly furnish to Lender all notices of amounts duz under this paragraph, and in the event
<br />Burrower shad make payment direcd_'. Borrower shall prompt!}' famish ro Lender receipts evidzncing such pa}'ntents.
<br />Borrower shat puonapily discharge any lien which has pnorit}• over this bfortgagt: provided, that Bormvrr shall not be
<br />regttsred to discharge an} such Tien se long az Borrower shall agree in writing to the payment of thz ehhgation secured b}'
<br />such Tien in a manner acceptable to I.ettder, ar shall in good faith cantzst such tier, ity, at defend rnforzment of such lien in,
<br />legal ptoceediags which operate to prevent the enfarcemem of the !ten ar torteature of the Propzrty or am part thereof.
<br />5. Huard Ita:utaeee. Borrower shall keep the improaemerts now exiting ar hereafter zrecred on the Prapeny insured
<br />against loss by file, hazards included within the item "tsteraded coverage'', and such other hazards ac L-entice ma}' require
<br />ant! in such amounts and far such petiads as Lender may require'. presided, that Lender shall not reyutre that the am.wnt of
<br />tart t:a~eragt exceed Ebat amount of coverage required to p^}~ the sums solaced bs° thu Martga¢t.
<br />The itssuramx carrier providing Ehe insurance shall be chosen b}' &,trouer subject to approvz' h~ Lender, provided,
<br />that such approvnl shall nai bt unitasonably withheld. Ail przmiums on insurance palictes shall t,_ paid ,n the manner
<br />provided wader paragraph 'hereof ar, tf not paid in such rttanirer, b} Borrower making payrratnt. when due, direstly to the
<br />ittsuraacs carrier.
<br />AB °~°.r a.^..~ palir.~sa.;.~ re.nw a,'s thereof sita,t ;x i asr acrep:ablt t en.Irr .~ „ ., Icbe ~ +.~ndard :^...^.gage
<br />clause to favor ai and m form acceptable to lender. Lender shall have she right so hold t=he'poii:ies and renewal, inercaf.
<br />and Borrower shall prompt!}' furnish to Lztrdet all renewal netsces and alt incepts at paid premium+. fn the e.em of k-+-+s.
<br />33otrawer thali give prompt notice to the insurance ;:arrter arad Linder. Lrnder m~} malt proof of I xs rt n.~t made prompt!}
<br />by Botraaver.
<br />Unless Lender and Barrawer cuherx,se agrce in w reting. insurance pnk~etd< sha71 br applied to restaratton nr repair of
<br />the Pmperry damaged, prx~vided such testarara*n or repair es arnont,calty feasible and the s.°curu} at this MortRrgt iS
<br />riot tbaeb}' impaired. If such restarauan or repau +s not rconome:all} reasmle iu ~t the secant} of this Mortgage would
<br />be iNpairtd, the rosurante proceeds shall bt applied to the sums s~:rured b± rhos Mor[gagt. wrth the excess. if anv. paid
<br />to Borra®er. if the Prapert} is aL+a~ndi.;,ed i`s B_~rrower, nr :t Btu*r+wtr tails to re`•pc,n% is Lender w-it~iir, ,Ci aa}s fror.+ the
<br />date na4itt is tttaiitd by Leader sa Barrawer t?aai the ,asuran.-t :arnrz oxen to sett;e :, clan'` ter imura.nce t,eaefiis. I~tder
<br />is atnht+rized to callts;t amt app!} :~t insuran:.x proceeds at Lenders option other Eo restoration ar repair of the Pn pert}
<br />or to iht sums secured by this Marteagt.
<br />Unless Lender atoll Borrower utbtrwist agree :n wrung, oral su.i apptic:ua.,n of pnxteds to pnnctpal Shall not txteird
<br />or postpone the due date of the manthls ins:ailnZestu zefer.=zd t.: ert paragraph. i and 'hereof o: :hange the amount of
<br />etch ittsialltnents. if undo' paragraph i R hem•+f the Propest} .s a:yutzed h} Ltadtr. alt nght, t:zit and interest o! Barrawer
<br />in and to anv iusuratxt pdi~ts and in and io zhe pzocet~ls therex.i mault:ng fn,m damage to the Propen} prior to the sale
<br />for a.Yjteisitiaa shall pass to Ltt:dtr to the extezii of tlx sums sutured h} tfa,+ ~S.+ngagt imnsediatel} prior w such sale or
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<br />b. Y'taaass~ea ud 1-imarisace of Peoperi}: L,raseNokast Coadoatittinms; Plautred t'-nit veveloptataa. &~rrovcr
<br />sbal! kaep she Property tb goad repair and shall net commit waltz or permit tmpairtnent ar deteriortuton of the Prapen}
<br />atoll shalt comply with the provisio»s of an-> krue of ±hts Atartgagt e5 as s leasehold- If this 4fortgagz is on a unit in a
<br />emdominittm ar a piattaed emit dev°elapn?rnt, Basrower shall pertorm all of Banower's obligations under the decturauort
<br />itt coaYataats creati¢g or governing the candominittm or panned unit devtk+pment, :tat bylaws and regulations of the
<br />ixxtdomioium ar planned troll devtlopmert, and constituent dacuntents. if a condominium or planned unit develapmrnt
<br />rider ii esar3rted by Bot'rowrr and recorded together wrth this Mcmgage, the covenants and agreements of sixh rider
<br />alaaB lot inc~tpmtued into ate shall amraxd and supgler~nt the covenanu and agreements of this Martgagt as tf the rider
<br />tr~rt a part h;_
<br />7, PJitlMeelfrsa ai I.ettiarit Saeteity. if Btirmtver fails to perform the covenants aad agreements contained in this
<br />7ldtsrttarge, ~ if arty nelson as pratediag is commenced whicft materially atizcEs Lender's interest iri thz Prapzny,
<br />iaeltsdmg, Ixa rot litrdtod ta, tminmi domain, ittsolvettcy, code enforcemtne or arrangements or proceedings involving a
<br />baekritpt at deoedeat, that Lender ar Leaders option, upon notice to Borrower, may make such appearances, disburse such
<br />sums aad take tutelt action as is necessary Eo protect Lender's interest. including, but nai limited to, disbursement of
<br />teaaeaabk attorney's flex aad carry trpori the Property to make repairs. If Lender required mortgage insurance as a
<br />=~+'~»~ of makirt)j tlx ban secured b}' this Mortgage, Borrower sltatl pay the premiums required to maintain such
<br />t==_~ in ~.~ ,u r tii~ a_s the r~uireree~ {at stah insurance termtna;~s in accordance with Borrower's and
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