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UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Foy®ent of Principe! aitd Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayrttent and late charges as provided in the Nc.te, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2 Fonds for Taaes a>~ Insurance. Subject to applicable law or to a written waiver by Lender, Bortower shall pay
<br />to Lender on [he day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stem {herein "Funds"1 equal to one-tsveifth of the years}' taxes and assessments which may aUain priority over this
<br />Mortgage, and ground rents an the Property, if an_, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus Otte-twelfth of yearly premium installments for mottgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lertdet on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be Geld in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is s~ h an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />itisivantx ptemitmis and grouted rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills. unless Lender pa}•s Borrower mteresi on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that in;emst on the Funds shall be paid to Borrower, and unless such agreement s made or applicable law
<br />4~ ttquires such interest to be paid, lender shall not be required to nay Borrower any interest or earnings on the Funds. Lender
<br />© shall girt to Borrower, without charge, an annual acrnunting of the Funds showing credits and debits to the Funds and the
<br />~~ purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />v~ If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prier to
<br />the due dells of rata, assissrtaents, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />~ assessments, insurance pretniutns and ground rents as they fall dve, such excess shat! be, at Borrowers option, either
<br />pt~tptly repaid to Borrower or cteditrs! to Borrower on monthly installtneru of Funds. 1f the amount of the Funds
<br />held by Lctuier shall not be stiffitaeat to pay taxes, assessments. insurance premiums and ground rents as they fall due,
<br />it Borrower shall pax to Lender an} amount taecessary ro make up the deficiency within 3Q days from the date notice is mailed
<br />by Letuier to Borrower regtxsting payment thereof-
<br />Upan pa}ment to full of all sums stcured by th:s Mortgage. I.endtr shall promptly refund to Borrower any Funds
<br />head by Lander. If under paragraph 1R hereof the Propeety ,x x~id crz the Pmpcn} is otherwise acquired by Lender, Lender
<br />shall apn1Y, too later titan imnrertiarrly nrinr ra the sale of the Pm~nv~ ._~ its ac .acct by Y~nci~r, _ t• Fund !t£Jd h_v
<br />Lemier at the trtrK of application as a credit aga,nst the sums secured by thu Mortgage.
<br />3. Applieetioe of Patfttto~ts. L!nless applicable law pmyides otherwise. ail payments receivtd by Lender under the
<br />Note and paragraphs 1 a[~ 2 hire+of shall be applaed b}' 1_rnder first m payment c f amounts payable to Lender by Borrower
<br />under paragraph ?. hereof, then to intuat payable on the Note, then to the principal of the Nate, and then to interest and
<br />principal on zny Future Advattccs.
<br />•. Citrates; Liens. Botrowit' shall pa}' all taxe<_. asses-cments and . ther charges, F.nes and imposiuens attributable to
<br />tit Property which tray attain a priority over chic Mortgage, and leasehold payments or ground rents, if ant, in the manlier
<br />provided tinder paragraph 2 }tere~f or, if not paid to such manner. h} Borrower making payment, what due, ditccdy to the
<br />payee theroof. BotTOwer shall promptly furnish to Ltndet al] ponces of amounts dtte under this paragraph, and is alit event
<br />Bormwu shalt make payment direct!}. Borrower siaa0 nnxnp2ly famish to Lender receipts evidencing such pa}•mtnts.
<br />Botroa•er shall prtettpih discharge a¢y lien which has pnor,n over this Mortgage: provided. that Borrower shalt not he
<br />roquited to discharge any such lien w long as Borrower shall agree in w Hung to the payment of the obligation secured by
<br />such lice in a tttanner acceptable to Lrndrt. or shall in good faith contest such lien h}•, ar defend tnfon-tment of such lien in,
<br />legal ptmcendengs which operate to prevent the enfnrcetnent of the l,rn or forferturt of the Property or eat' part [hereof.
<br />S. Ind ita~te. Borrower shall leap riot tmpmvemrnts now rvisung or hueafter erecfed an the Property insured
<br />agaimt k~.ss bg fire, hazards included within :hc term "txtinded ;overage''. and such other hazards as I.tnder may require
<br />a~ in such amounts and for sauh periods as i etxitr may reywrr; pro, ided, that Lender shall not require that the amount of
<br />stub coverage eattxed that attaottm of coviragt tequ,rrrl to pa} thr sums srcurrd by th,s Mongage-
<br />The tns,tratsce cattier providing the insurantt shall ix rha~sen by Borrower subject to approval by Lender, provided.
<br />that st~°h approval shall not be unteasonabh a-sthhild. ill prrrivums on insurance policies shat' Ive paid .n the manrxr
<br />provided under paragraph 2 hereof or. ,f trot pazd in such rnaaner, by Borrowu making paymetn, :, hen dot, directly to the
<br />i++merasei Cat'TiCI.
<br />AH it~urtmcY policies a¢d ttnewals thereof shall ix in norm accepta6lz to Lendzz a¢d shall rncltadt a standard mottgage
<br />t:Ititaie in favor of and is farm sci'eptabk se Lender. Lttuies slaail ha.e the right to hold the policies and rtrsrwals therca f.
<br />~.-''..;'f~'-fir stall p:smptly #utmah to Lendrr ail roncwal ta,trz:s and ail rtcetpts of paid premiums, 3n the went a# loss,
<br />Borrower shall give pr©mitt napce to :hr insurance .:arrtet and Larder. Lendrr ma} make pnk~t of Sass ii not made promptfr
<br />by Sairower.
<br />Ltsiess Larcitr and Borrower rxhei>E'tse egret rn wnrng: insunnct pro~~-eztits shell be applied to restoration or repair of
<br />the Proper) damaged. provided such rcstoranon or rznatr ,s eoonomtrail} trastble a¢d the stti.unty' of rhos Mtartgagt ,s
<br />oar *heriby itnpatred- if such restoraton or rcpatz n oat zconomicall} frasrtvlr or ,t the secant} of rhos Morigage would
<br />ix impaired, the trrsurance procesds shall Ise applied €o the sums srcured M thss Mertgagz, with the excess, if any. paid
<br />to Bonoavu, if the Propca}' u abaadonid by Bvirmwr*, ar it Bormwir felts to rtspntad to Lende, wtthan 30 day; from the
<br />date twdrce is mailed b}' Lendrr to Borrower that tlx ansurancr ,:arner at~crs to senlz :, ciatm far insurance benefits, Lendrr
<br />h atrtbertr~d w ccdle~ and apply the insurance pzirrrds a? Lerdtr s -op?io¢ e:.htr to ristnraunn or repair of thx Praprrty
<br />or to the slims si.'•tited 'c}~ tills Mortgage..
<br />Linie~ Lettdtr and R,srr+a,r otherwisr ague m wrung, any such application of pre::eeds to pr:nc,pet shalt not extend
<br />oa ptxapone the dot dale of the rtttmzhly itwalltntnts rrftrred to :n paragraph=_ 1 and ? htttaf er change the amount of
<br />t:ttch itutallme¢ta. if tttaier paragraph ; 6 hereof the Propem is acyutrad ray Linder. all nght, tale and interest of Borrower
<br />in amt to an} =.ffiurance puti~-xs and e¢ grad to tilt p:octcds tlierrot resultitsg from danagc to the Property pror to the sale
<br />~ araTttisttiori stul9 puss to Lender to the extent of the alma secured b} ihn \icertgage immexfiately prior to such sale or
<br />~•
<br />64 tttrYrvetlos a®i cif rro~rty: I.eaaelalds; Coadomieiiams: Planrced L'aii 6eveioptzrcnis. Borrower
<br />shah ketgt the Property eta good repair and shall >mt vroarmit waste or permst tmpairmcnt or deteriorauon of the Propett}
<br />sad t oempiy with the pravetaia of anti lease tf ehts lsiorigage ,s an a leasehold !f thin Mortgage is ou a trait in o
<br />coiaittm or a plaasted trail devriopmene, Borrower shalt perform all of 33orrnwtr`s ubltgauons under the dzciaration
<br />or covt.oanut cxestittg or governing foe condomiaum or planned unit dtvelopmznt, the by-laws and regulation ,,f the
<br />eondorninittm or ptaamd uni3 development and constituent dwurrtents, if a condominium or planned tent Jrvelopmrnt
<br />rider x ezxuieil ~` Borrower and rerotdai togitttr with this Morigagz, the covenants and agreements of such coder
<br />abtdi be ineaorpnrared into amt shall amend and supplement the covenants srd agreements of this Mortgage as rt the rifer
<br />evon a pars hereof.
<br />3. TnYs~se of LeadaAS Secaeif~. I# Borrower fads to perform rite cmrenants and agramenu contained in this
<br />~. or if arty > ~ prig ss a,.°ed which tnate:riallg' affects Lender's irizrtst in the P•nprn}.
<br />itsc4suLsag, but tort limited to, emits d¢~taiii, insolvency, cods enforcement or arrangements or procee_'ings involvi¢g a
<br />btiaktrrpt ter t~cedatt tl~ Leader ai Ler-dtr's option, upo¢ notice to Borrower, may make such appearances, dtsbune such
<br />simts >~ take such acrioa as ss accessary w protect Lender's interest, including. but not iimtted to, dasbursernent of
<br />reaaonabk aitataey's fees a~ a.~,y upon rite Property to make repairs. If Ixndtr required mortgage insurance az a
<br />cxmdition of making the lean secaued by this Mortgage, Borrower shall pay the pre¢tiums required to maintain s„ch
<br />itisttrariee in effect inati! suClt tint as [lx r+eyuiretnent for such insurareci terminates in accordance with Borrower's and
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