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<br />UNIFORM Covetvertrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on iht
<br />indebtedness evidenced by the Note, prepay~tsent and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by [his Mortgage.
<br />Z. Farads for Toes and -esarance. 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 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 renu on the Property, if any. plus one•nveifth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium instatlments for mortgage insurance. if any. all as reasonabtq estimated iniYialiy and from
<br />time to tithe by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shat! be held 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 such an institution). Lender shat! apply the Funds to nay said taxes, assessments,
<br />ittsutance premiums and ground rents. Lender may hat charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessmenu and bills, unless Lender pays Borrower interest on [he Funds and applicable law
<br />permits Lent'!er 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 shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt not be required to pay Borrower any interest ar earnings on the Funds. Lender
<br />shall glee to Borzowa-, without charge, an annual a.;counting of the Funds showing c: Bits and debits to the Funds and the
<br />purpose for which each debit io the Funds was made. The Funds are pledged as additional snurit}' for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of tales, assessments, 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 shalt be, at Borrowers option, either
<br />promptly repaid to ]iarrow2r or credaed to Borrawer an months}' installments of Funds. If the zmaunt of the Funds
<br />held by Lender shall no[ be stifficievt to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Harrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower requesting paymrnt thereof.
<br />Upon paymtni is full of all sums secured by this Mvngagt. Lender shall promptly refund tv. Borrower any Funds
<br />heHI by Lender. If uadtr paragraph 1 S hereof the Property is sold or the Property is otherwise acquired by Tender, Lender
<br />shall apply, no lacer than immediately prior to the sale of the Propem~ or its acquisttion by Lender, any Funds held by
<br />Lender at the tithe of application as a credit against the sums secured by this Mortgage.
<br />3. 4pp-ita[ioe of Payaaeats- Unless applicable law provides vtherv ise, a!i payments received by Lender under the
<br />Note and paragraphs 2 and 2 hereof shalt be applied by Ltndtr fiat m payment of amounts payable to Lender by Harrower
<br />uttdcr paragrapfi ?hereof. then to iaretrsi payable ov the Nate, then to the principal of the Note, and then is interest aad
<br />ptirkipsl an any Future Advances.
<br />A. Charges, 73eas. Borrawer shalt pay all taxe_c, asstssmenu and other charges, fines and impositions attnbutable [o
<br />Cho Prupetty whicYs tray attain a priarzty veer this Mortgage. and Itaseheld patrrsenu yr ground rents, if any, in the manner
<br />provided under paragraph 2 hereof ar, if hat gold is such manner, by Borrower making pa}tntat, when due, directly to the
<br />payee thereof. Borrower shall prompth• furnish to Lender all nauits of amounts due under this paragraph. and in the event
<br />Barnowrr shall make payment dually. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Bottowv shs1I prampth discharge any lien whtch has pnonty over this Mortgage; provided, that HarzOWLC shall not be
<br />tr,}uired in discharge any such lien so long as Borrower shall agree ir, writing to the pa}~ment of the obligation s«.ured b}'
<br />stilt lien in a maarwr acceptable io Lender, yr shall in good faith contest such lien by, ar defend enfan.ement of such lien in.
<br />legal proceedings which operate to prevrrt the enforcement of the lien ar forfeiture of the Progeny or any pars thtreof.
<br />5. Berard -tsasrante. Borrower shat! kelp the tmpmvements nau txisung ar hereafter erared on the Pmptm~ insured
<br />against Ions by firz, hazards inc)uded within the term "extersded leverage'", and such ache[ hazards as Ltndtr may rcqutre
<br />and is such amounts and fes such ptriads as Lender may require; provided, that Lender shall not regwre that the amount of
<br />such ~vve*age escced tlldi amatmt v2 coverage required to pay the sums snored b} this Afangage.
<br />i?g irev,n~e ca-ti;ir prvviding the snsuranx shall be cltoser•, b}' Bat-rvwtt subjnt to approva3 6y Lender, provided,
<br />thaw such approval shall not be ururasonably withheld. A11 premiums vn insurance policies shall ce p~.id in the manner
<br />provided under paragraph ? boreal ar, L not paid in such manner, b} Bvrzow.-r making pa}taenr, when due, directly io the
<br />~, AB insurance policies and renewals thereof shall bt in farm aiitptabit to Ltndtr and shat! include a standard mortgage
<br />ctatsse in favor of aad is form aiuptabk to Ixader. Ltndtr shalt bast the right to hold the potiiies and renewals thertot,
<br />and Hozrewer shall prounptty furnish to Lender alt reatwal nvarits and all rtceipzs of paid premium. In rht event of .,ss,
<br />Borrower shall give prompt notice to the msuranct carrttr aad Ltnder. Lender ma} make pt~ ,t of loss tf hat made pramptt}
<br />by Harrower.
<br />Utsiess Ltndtr aad Borrawer al~ru;se agrrx in u ~vag. insurance prxiteds shall be applied to rzstoratian or repair of
<br />the Property damaged, provided ouch trszoraiion ar rtpau is to„>i~rrtira?Sv ttanrblt and thr stcurit} of this Af.rtgage vs
<br />oat thereby imparted. li such res4iration ar rep::u a not tcooomtcall}~ feav~it or tf the secant} of this Mo: tgagt would
<br />6e impaired. the insurane^- pr~.~ds shat] be applied to the sums secured h} this Mongage. u:rh the excess, if an}. pard
<br />to Berraarer. II the Progeny rs abandoned b: Horrewc:. , r u B.irnwer lolls ;.~ rtspovd tv Lender within 3i1 days from the
<br />dart >ffitice is maitea by Corder to Barrow er that Ylte :nsuraoie earn[[ oRtn to settle a ctatm for insurance hene5ts, Lender
<br />is autha*~td to ~31etii aad apply the t:surance prxe~cds at l.endtr's op:i.,a tither to restoratinr. ar repair of the Prapen}
<br />ar to the sutra scctued by this Ma.^tgage_
<br />L''rtle~ I-ender aad Barrow[[ nth, =+iu agtt< m a_~vng, env suite application of pt v:teds w prtncipat ,halt hat extend
<br />of postpone the due date of the mantfth instaiimtnu referred to to Yv*agraptts !and ? hereof ar change the amount ei
<br />such iststal(ttstats. if wader paragraph 7S hereof the Fropem is acquued b} Lender. all right, tint and interest of Borrawer
<br />is and to arty itssuranx poiieits and in and to the practedc tlttrc~i resuttrag from damage to the Prapert}' prior to the sak
<br />or a~tasition shat pass to Leader to the e_x*,ent of the sums secured b} thn 'startgage immediately prior t. such sak or
<br />i. Ateaer'ratioe t~ .'1ia®teawce of Property: [.taseho{ds: Coadaminiams: Planned littit Developments. Barrowtr
<br />shall keep fix Propetn° in goad repair artd shall nut catarrit waste or permn tmpaitment or 3eteriartian of the Prapen}.
<br />aad shall rnmgly with the gmvisians of nay kale if taus Mangage is on a ]tasehold. If this Mangage is on a unit in a
<br />condomiait~ ar a platstted unit de xic-tpmeat. Bvrr:raer shall perform all of Borrawt;r's obhgatiaas under the declarath•n
<br />or covenants creating or eoveratng iht condam:ttittm et planned amt development, the by-taws and regulations of iht
<br />rond:ominitmt or planned unit dtvdopment. and :,nnstitueat tlacumenis. It a condominium ar planned un;t development
<br />ridC k eztcuted by Bortm+=a and raordtd togtihtr w:th thrs Mortgage, the covenants and agretmena c f ,uch [[clot
<br />shall be ittcotporated into and slsali antettd and supp;emtai t_he covenants and agreements of this Mvttgage as tt the rider
<br />wtre a part hsreof.
<br />7, p4~aesef-ae sf Lmder's Setmity. If Barrauxr fails io perform the revenants and agreements ivntained in this
<br />lElnnga;a, or ii nay avian ru pmeeoding is commeactd Which materiati} afltcts Lender's tmtrtst in the Proper.},
<br />sneludzeg, ~ not 3itaited ta, eatittent 3trmain, itssotven:y, colt rnfarr:emtnt..s arrangements or p:sxtedings involving a
<br />tttakrtipt or detxdeat, they Leader st Leader"s option, upon notice to Borrawer, may make such appearances. disburse such
<br />sums axed take streh araioa as is tteisssa , to ptvttt:rt Len~r's imcresr. :nctuding. t+ut not limited w, disbursement of
<br />tratnaable attattt~}'S tots and entry upon the Property to make rtpatrs. If Lender required mvttgagt insurance as a
<br />catsditian of making the loan secured b}' thin Mongagt, Borrower shall pay the premiums required to maintain such
<br />iasurantx in e[fett tmti! suds time as the regstireatent for such insurance ftrminates to accordance with Barrowtr's and
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