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<br />79-.•uU4:s56
<br />UNIFORM Covtaxexts. Borrower and Lender covenant and agree as fotlows:
<br />1. Payment of Prlaclpa! told InMrest. Borrower shall promptly pay when due the principal of and intereet on the
<br />indebtedness evidenced by the Nate, prepayment and late charges as provided in the No[e, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />2. 1(htnds for Tomes and IostQanm. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender an the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Ftmds") equal to 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 for hazard insurance,
<br />plus one-twelfth of yearly premitun installments for mortgage insurance, if any, all as reasonably estimated in?[tally and from
<br />time to time by Lemler on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held in an institution thz deposiu or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shalt apgh- the Funds to pay said taxes, assessments,
<br />itssutstrce premiums and ground renu. Lender may not charge for so holding and applying the Funds, anal zing said account,
<br />or verifying and wmpiling said assessmenu and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permiu Linder to make such a charge. Borrower and Lender may agree in wrong at the time of execution of this
<br />Mortgage chat interest on the Funds shalt be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing crediu and debits to the Funds and the
<br />ptupose for which each debit to the Funds was made. Tae Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds Ixld by Lender, together with the future monthly installments of Funds payable prior to
<br />the clot dates of taxes, assessmenu, insurance premiums and ground rrnu, shall exceed the amount required to pay said taxes,
<br />assesamonu, insurance premiums and ground renu as they fall due, such excess shalt be, at Borrowers option, either
<br />promptly repaid to Borrower or t:radited tc Borrower on monthly installments of Funds. If the amount of the Funds
<br />hdd by Leader shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shad pay to Lander an}• amount aecrssan' to make up the deficien.-c within 30 days from the date notice is mailed
<br />6y Lender to Borrower regtnestiag pa}•ment [hereof.
<br />Upon payment in full of ail sums secured by this Mortgage, lender shall promptly refund to Borrower any Funds
<br />held by Lander. If under paragraph la hereof the Property !s sold or the Pmtrrty is otherwise acowred by Lender._ Lender
<br />xhall apply, ne later than immediately prior to the sate of the Propem' or its acquisition by Lender, any Funds held by
<br />Lender at the time of application az a credit aga[ns[ the sums soured ny this Mortgage.
<br />3. AtpBeatitao of Pavmeafs Unless applicable law provides otherwise. aJl psyments received by Lendcr under the
<br />Ntur and paragraphs 1 atxd 3 hereof shad he applied by Lender first m payment of amounts pa}'able m Linder by Borrower
<br />»adrr paragraph . henrof, they to interest payable on the Rote. then io ttse principal of the Notz, and thin to interest and
<br />pritripai oa any Future Advatttts.
<br />$. C~egts: Beat Borrower shall pay all taczs, assessmenu and other charges. 5rses and impositions attributable to
<br />tl~ Property which may attavt a priority over this Alongage, and #easrbold gaytnents or ground rents, if any, in the atattaer
<br />provided tinder paragraph 2 hereof or, if not paid in such manner, 6}' Borrower making pa}~rtent, when due, di_roctly to the
<br />pays thereof- Borrower shall promptly furnish to Lender a!1 notices of araounu due under this paragraph, atad fn the event
<br />Borrower shall make pa}-ltuat directly, Borrower shad pr:~mpd> furnish to Lender re.-eipts evidencing such paymenu.
<br />Harrower sha41 pteanptiy dis,~arge any I!en which has pr,or,[y user [his Mortgage: provided, chat Borrower shall ncx be
<br />required to discharge as}' stxh lien sl, leap as Bcsrrow~er slsall agree in writing to the pa}meni of the obligation secured by
<br />sorb }ityt is a manner acceptable to Lender. or shall nt good faith contest such lien b}•, ar dtfrnd enforcement of such lien in,
<br />legal grocmdiags which operate to prevent the enfcrcrnsent of the hen or forfature of the Propen}' or ang par[ thereof.
<br />S. Ind Borrower ;help keep tM Improvements now existing or hereafter erzcted an thz Property insured
<br />against }ou by fire, hazards included within the term "extended coverage", sad such txhrr hazards as Lender may require
<br />aad in such atnotunu aad for soh p`riods a; Lender may requite; provided, that Lender shall net require that the amount of
<br />suds coverage rxc7ead chat attlamt of coverage required to pay the sums secured by this Mlsrgage.
<br />The i"""~ ~ carrier provtidersg the insurance shsi9 be chosen by B,irrowrr subject to approval by Lender. provided,
<br />that ,rch approval shall a.~t be ututasarsabh• withheld. All prcmrums on insurance policies shall he paid in the manner
<br />provided under patagraplr 3 hermf or, if nw. paid in such meaner, by Borrower making pa}2nrnt, ~+~hen due, dim-dy [o the
<br />n" earner.
<br />s~~ All iastttaav'e policies sad rmewais therraf steal! be in fors aL'ttptabk to Len3zr and shat! include a standard mortgage
<br />t9atur is favor of aad in form ttcttptabk io Lender- bender shall have tlx right to held the policies and renewals therzuf.
<br />asd Hotrower shat; promptly furnish to Lender aY renewal ~tices and all re~ttig_*_s of paid premiums. In the event of less,
<br />Borrower shall glut prompt notice to the insttraact .-arie; aad Leader. Linder may make pri+oi of i-+ss if tsar made pr.,mptiy
<br />by Borr~ra_
<br />Unksc Linder and Bat:ower otherwise agree in writing, insuracee proceeds sisal; be applied in restoration or repair of
<br />the Propsaty damaged, provided such rcsrorauon ar repast is eronortsilally feasible sad the securiq~ of this Mortgage is
<br />na t4raslr}` impaired. If such restataticn or tepasr a rat econ:mi:za} feasible er :f the secure*y of ihrs Aiortgage would
<br />be ttngaued, tIu tasltrantx praroeds shall Ix agp#ied :, the sums secured b} this Mortgage. with the excess, if any, paid
<br />Tfl Borrower. !f the Pmpem is abaadoaed h} Borslwer, or ii Bcirtt we; fails to respond to Leader within 30 days from the
<br />dart aotix is maiiad by Louder to Bot:awtr that the insurance carrier otters to senlz z claim for insurance btnehts, Lender
<br />ib autborize3 to a-sllect sad apptg the insurance pr~xnis at Lender's opti~in either to ratoratian or repair of the Proper}
<br />a ro t~ attav sxurrd b}' clots Ivtor.~e.
<br />Utslers Lander aad Harrower ,.~tlserwise agrce sn w'riung am such application of prrnxe$s to pr!ne!pal she!! not extend
<br />a posipame the due dau of the monihl. installrarau neferrrd to in paragraphs I and ? htrcef er change the amount of
<br />stuff installments. If trader paragraph 18 h~rexf ibe Prepvxr} is acquired bg Lender, a!! right, utle arsd interest of Borrower
<br />m and to ius}` irsstrraace palroes aad in axl [n tlx pruw^e~s thereof resulting from damage to the Propert} prior to the sale
<br />or ititm shall puss to Lessdrr to the extzat of the sums secured b}. thi> ASortgage immediately prior to such sale or
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<br />£ ~'a+'+aalaa aoi 1NsfFa6eaatxe of Proprtt}: LtaseAotdt Cut+damiaiumx Phtaoed Unit Llecekxltments Borrower
<br />slsalt leap the Property in goad repair and shall oat evamit waste or permit impairment or deterioration of the Property
<br />aad s1uB x~I+ly with the paovisious of any leave if [ten Afongage is on a kaxhnld_ If this Mortgage is un a unit in a
<br />coeilouttimum ar a pLnnn~d unit dove#apscat, Bo„owtr s3ta}i perform al; of $orrowei s obtigauons under the dreiaration
<br />or ~R.e.. rxaizag nr govrrniam ibe axidorrinium ar p:annrd unzt drvelopmznt, thz by-laws and regulations of the
<br />"`_'°" ~ a,~.~ sue. da:lo~nt,~a ;;astit;a-.nt u~.stmzats. - 4Undomiaiurn or piannzd trait bevetopmrnt
<br />rider is eaectt~ by Banower aesd recorded iogtt#xr wins this Ma-tgage, the cavenanu and agreements of such rider
<br />be i~ into aad shah amt~td anti supplement thz Wvenanu and agreemenu of this Mortgage as if the rider
<br />wece a pert bernaf.
<br />7, P:aikertisa d i.etsier5t 5aetscip. If Borrower fail; to perform the covenants and agreemenu contained in this
<br />Mntrgs~t, or id any aetioe va paooeoding is zommetscrd which materially affecu Lender's interest in the Property,
<br />Ern rot Iiatited to, attiartnt dtrmain, iasolvenc}•, cods rnforcement, nr arrangements or proceedings involving a
<br />~ drre&at, fEta Leader at Lradea's option, upon tnatitt to Borrower, may mate such appearances, disburse such
<br />areas a~ rake atilt aetitxn as is necessary to gtatect Lender's interest. inc,uding, but not limited ta, disbursement of
<br />ttaacmaksle attwne}2s frets and miry upon tae Property to mskc repairs. It Lender required mortgage insurance as a
<br />eandrttam of taaktng the ksaa secured by this Mortgage, Borrower shalt pay the premiums required to maintain such
<br />inautana is ef&et tma7 such time ffi the regttiretroent for such insuranu terminates [a accordance with Borrower's and
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