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<br />79-~ .~5~
<br />Urrrnotuz (:OVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payment of Principal sad Interest. Borrower shall promptly pay when due [he principal of and imerest an the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on avy Future Advances secured by this Mortgage.
<br />2. Fae~ for Ta:es attd It~sttaace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />Yo f_eader on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents oa the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus oleo-twelfth of yearly premitatt installments for mortgage insurance, if aay, alt as reasonably estimated initially and from
<br />time to time by Leader on Fhe basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall lee Geld in an iasti[ution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lendrr if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground renu. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bilk, unless Lender pays Borrower interest on the FunrLc and applicable law
<br />pwtits Lendzr to make such a cFtarge. Borrower and Lendrr may agree in writing at the time of execution of this
<br />Mortgage that lateral on the Funds shall be paid to Borrawzr, and unless such agreement is made ar applicable law
<br />t~uires such interest to be paid, Lender shad not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shag give to Borrower, without charge, an annual accounting of the Funds showing cr~3its and debits to the Funds and thr
<br />`purpose for which each debit to the Foods was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of thr Funds hdd hp Lender, togcttxr with the future monthly installments of Funds payable prior to
<br />tlx due dales of taxes, assrssmctrs, itssitrance premiums and ground rent, shall exceed the amount required to pay said taxes,
<br />assessments, iitstsaacr premiums attd ground rents as they .:il due. such excess shall be, at Borrowers option, either
<br />promptly repaid to Borrower of creditrd to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Leisder stall sot be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fail due,
<br />Bartower shall pay to Leader an}• aatount aecrssary to make up the deficiency within 30 da}s from the date notice is matted
<br />by Leader to Borrower requesting payment thereof.
<br />Uaon paytMnt in foil of all sums secured by this Aiortgagr, Lender shall promptly refund to Borrower any Funds
<br />held by Leadu. If ursder paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apph•, no later than immedia[c]y prior to the sale of the Property or its acquisition by Lender, any Funds neld by
<br />Lender at the tune of applicstion as a credit against the sums secured by this Mortgage.
<br />3. lapptidioa ~ Payments. Unless applicablr law' pm~ides otherwise, al! paymrnts received by Lender under the
<br />Note and paragraphs 1 attd 2 hereof shall be applied b}• Lender first in payment of amounts payablc to Lender b}• Borrower
<br />iendrr paragraph 3 hereof, tlxn to interest payable oa the Note, then to the principal of the Note, and then to interest and
<br />prittcipat oa any Futtrre Advances.
<br />0. il3eas. Borrowrr shall pay all taxes, assessments and other charges. 5nes and impositions attributable to
<br />the Ptupettg which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />Qrovidrd wade- paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. wlsen due, directly to ibe
<br />pa}ec thereof. Borrower' shall promptly furnish to Lender alt norczs of amounts due under this paragraph, sad is the event
<br />Bortovv shall make payment dira-.ti}, Berraw•er sha31 promptly furnish to Lender receipts ec~idzncing such payments.
<br />Battrows shall promptly dischazge any lira which has prianiy over chic Mortgagr: provided, that Borrower shall not be
<br />retlttimd to discharge any such tiro so long as Borrowrr shall agrze in wriung to the payment of the obhgatioat se:tued by
<br />such Ian in a manner uceptable to i-ender, or shall in good faits crontnt such lien by, or defend enfotremznt of such tiro in,
<br />Irgat prw•bcdings which operate to prtvent the eaforttment of thr tier or forfeiture of the Property or any pan thereof.
<br />S. Sasfrd li~•aare. Borrower shall keep the impmvementc now ecisting or hereafter erected oa the Property insured
<br />agaiaat bss by fire, beards ixluded within the term "extended rnverage", and such other hazards ac Lender may require
<br />and "acs such amounts and for such perods as Letufer ma} rrquire: provided, that Lertdrr shalt not require that thr amount of
<br />such abverige exxni that amount of covzrage rrquired to pay the sums secured h}. this Mortgage.
<br />'ILe iasa,*aas-e carrier ptovidiag the iastirance shall be rhxrn by B,oreowrr subject to approval by Lender, provided,
<br />that welt approval shag not ire ttarsasoaabfy w•ithbtld. All premiums on ittsurarsce policies shall be raid in the mantttr
<br />prosxbd t>~ pat graph 2 hetewf nr, if txit paid in such manner, M- Borrower making pa}•ment, when .lue. direcdy io the
<br />issursisce txrt•ier.
<br />AB itestaartce palic%es and rettewak thrrrnf shall be in form acceptablz tc Lendrr and shall include a standard mortgage
<br />ffi favor of and in from acxatable io Lrnder. Lender Mall ha.r the right to tsokl the policies and rznew-ak thereof.
<br />and g~-r~v,~rr shall p~anptly fatrssh to Lrndrr y? r~srwa! neta~ and all ;receipts of paid premium,- In ttx zvrnt o[ loss.
<br />Bttrtvsvtr slsall give prompt a~.ice }o the insurance carrier and Lendzr. Lender may makr pnwi of loss if clot made pramptly
<br />by 8orrorer.
<br />Unisys Leads and Botniw'er ixMtwisr agree ir. wri?tog, insurance prncrzds shall hz spplied to rakxation or repair of
<br />the Pmpert}• damaged, provided such tsstotatinn ar rrpatr ,s annovticail} ieasiblz and thr securii} of this Atnngage is
<br />sot tlsaeby itapaired. If such rCStaraiinn or reparr ii not rt~rsnmrcaih~ frasiblr nr it thr security of this Mortgagz would
<br />be smPaited- the iaaurana proceeds shall be applied to thr sutra securest h} this Alortgagz, with tttr zx:ess, if an}, pstd
<br />m Boen+tvrr. If thr Ptuprn}s aban+i.~cird b} Bnrrowir..r ti R rmwtr tails t~~ rzs~ nd a Lender within 30 days from tlx
<br />date aoddr A uteileit by Lc~tder to Borrowrr that rhr in5ttranY :.ar rier offers to srnle a claim for insurance benefits, Lzndzr
<br />is aiaad to txtbiect aa~1 appir zlu ansutan;-r p:nowds at Lrzadrr's epiian eithrt to tatoration er rzoait of the Property
<br />arc fo she aa~s rotated by this Mortgage_
<br />1ltsirss Lrnder and Borrower otherwise agrtt m wriung, an} such appli~:ation of pra:erds to principal shall not extend
<br />nr post, Ont the doe due of itsz m,'xuhh' irsstal3ments rrefzncd to in paragraphs I and ? hereof cr change the ameum of
<br />such iastallrnrnu. if tender paragraph I€ hettttf the Praprrtn is acquvat h} Leader, a!S right, title and tnterat of Borrower
<br />is and io an}' itsiuancr policies amt in atsd to the pr--axr3s tbetx+rit resulting from damage to >)K Propert} prior to the salt
<br />to aot;xvsitjan shall peas to Lea3cr to the rx~rnt of the szi,~s scoured b} this Mortgage imtttrdiateh prior to such lair or
<br />C )lreasvsties sal SN~ce of PraPerh: Leasehold; Coadominiaaa~ Plaatsetl Ugit 73evrlopmeats. Borrower
<br />shalt keep the Prc~semy is good trpair and sltaH oat =^~+n*z west,; or permti ampairttxnt or derrritsration of thr Propert}.
<br />aai s$r,H dart. ply with the t's'ovsic~-ss ~ aay its tf Lttis lvfntt;gagr rs nn a le:tsetsold. if this Aiortgaez k on a unit in a
<br />cnadamiainm ~ a plaaaed unit derelopasent, Borrower shall perform ail of Borrower's nbiigauons under thz declarannn
<br />ta -^~zat~ is go~.~g tlt< sc+~-ti..:_ ens~!m er r~lanne~ unit drvt7opmrnt the by-laws and regutatiotu of the
<br />omdomisitmt to planned troll deveiopmeatt, and cotsstittsetst documents. 1f a condominium nr planned unit dzvelapment
<br />rids its esrtitttd by $axrower and tuotded icsgrilter with then Mra~tgage, the covenants and agreements of such rider
<br />shag Ise iamnst~sted tmo sad shall amoad sad suppletrsent thz woznants and agreements of thn Mortgagz as if the rider
<br />writ a part boreal.
<br />7. ;l4ess~mr sf Lanirr'a Sec~MS. tf Sorrawrr fails to perform the covenants sad agreements contairsed in this
<br />Mme, r$ if any aixioa es proiaao~ag a ..xeasenctd which materially affects Lender's inzrrest th the P+nprrty,
<br />iaclad"mg. tut oat Tbmitai to, eminent tiasaam, iasol+•zm°y, :.ode enforcement, nr arrangements or proceedings involving a
<br />htankttspt ter tktt~r, then laadv az Laatder"s option, upon notice io Borrower, may make such appearances, disburse such
<br />terms astir rate stiR3t actmn asn tsry io protect Iradeis intermit, including, but rent liznitcd to, disbursement of
<br />rernooahle stttttaey's lea and carry upon the Pr+perty zn make repairs. if Lrnder required mortgage instuanr as a
<br />otmditian of making ~ Ina by this Mortgage, Bnrrowzr shall pay thr premiums required io maintain such
<br />jnwaaa¢ im eBect >m97 ~rA lime an thr regtr5rrment for stx~ instuance terminates in accordance with Borrower's and
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