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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Ptlnclpal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fartds for Ta:es and Insurance. Subject to applicable taw or to a written waiver by Lender, Borrower shaii pay
<br />to Louder on tbe day monthly installments of principal and interest are payable under the Nate, until the Note is paid in full,
<br />a sum (herein "Funds"1 equal eo one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments ter hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, al! as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />T7te Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />sta,ee agency (including 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 so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Leader to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shat! be paid to Borrower, and untess such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest of earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />` ptrrltosse for which each debit to the Funds was made. The Fur!ds 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 fuwre monthly installments of Funds payable prior to
<br />the due dates of taxes, assessmenu, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, 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 amount of the Funds
<br />held ty Lender shall not be sttf&cient to pay taxes, assessments, insurance premiums and ground rents as 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 Lender to Borrower requesting' payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph lg hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lendu at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Applgcation of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shaii be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest sad
<br />principal an any Future Advances.
<br />4. Charges; ice. Borrower shalt pay all taxes. assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in rho manner
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, 6y Borrower making payment, when due, directly to the
<br />payee tbereof. Borrowu shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Harrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Ilorrowu shall promptly discharge any Lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required [o discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />sste}t lien in a manner acceptable to Lender, 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 />5. Retard iasarantt. Borrower shall keep the improvements new existing or hereafter erected on the Property insured
<br />against loss by fire, hazazdsineluded within the term "extended coverage", and such other hazards as Lender may require
<br />and is such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />stsh coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />titer such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in ibe manner
<br />provided under pazagraph 2 hereof or, if not paid in such manner, by Borrower making payment, whin due, directly to the
<br />insurance carriu.
<br />AB insurance policies and renewals thereof shall be in form acceptable to Lender and shat! include a stan3ard mortgage
<br />clause in favor of and in form acceptable to Lendcr. Lender shall have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish to I,endcr alt renewal notices and all receipts of paid premiums. In the event of lass.
<br />Borrowu shall give prompt notice to the insurance carrier and Lender. Lender may make proof o[ loss if not made promptly
<br />by Botrowu.
<br />Unless Lender and Harrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thueby impaired. If such restoration of repair is not econamically feasible or if the security of this Mortgage would
<br />be impaired, the insunnee proceeds shall be applied to the sums secured by this Mortgage. with the excess, if any, paid
<br />to Borrower. If ibe Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the.
<br />date notice is mailed by Lender to $orrower that the imurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authori~ to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Mo:tg:ge.
<br />Unless I.tndu and Brn-tower otlttrwise agree in wtieing, any such application of proceeds to principal shall not extend
<br />or postpone tlx due date of tree momhl} installments referred to in paragraphs 1 and Z hereof or change the amount of
<br />such installarenrs. if undu paragraph i 8 hereof the Property is acqured by Lender, ail right, title and interest of Borrower
<br />is and to any insurance policies a~ in and to the proceeds thereof resulting from damage to the Property prior fo the safe
<br />ar acgttisitton shall paw to Leader to the extent of the sums secured by this Mortgage immediately prier to such sa{e or
<br />acquisition.
<br />ti. Prcxrratlon a~ Ma}ateanece of Property; Leaseholds; Condominiums; Planned Urtit Developments. Borrower
<br />shalt keep the Proputy in goad repair and shag not commi[ waste or permit impairment or deterioration of the Property
<br />a~ shaB comply with [Itt provisions of say !test 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 declaration
<br />or covenants Creating OP governing the condominium or planned unit development, the by-laws and regulations of the
<br />condosainitrm or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
<br />shad he incorporated into and shay amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />wort a part hereof:
<br />7. iirrBtfKtIOR of Lender's Satafty, If Borrower fails to perform the covenants and agreements contained in [his
<br />Mortgage, or if any action or proccediag is commenced which materially affects Lender's interest in the Property,
<br />including> lint net Limited to, eminent domain, insolvency, code enforcement, or arrangetnents or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />stems and take atteh action as is necessary to protect Lender's interest, including, but not limited to, disbursement of
<br />rtawnabk attotrtey's fees a~ entry upor. She Property to make repairs. If Lender required mortgage insurance as a
<br />Condit"son of making the Ian secured lry this Mortgage, Borrower shat) pay the premiums required to maintain such
<br />irtat>ranes in effect until such tune as the regttircment for such insurance terminates in accordance with Borrower's and
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