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<br />~9-~ UU~S~Q
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Payment of Priacfpal and Interest. Borrower shall promptly pay when due the principal of and interest 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 any Future Advances secured b}' this Mortgage.
<br />2. Fonds for Taxes and Insurance. Subject to applicable law or to a written waiver ny Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under [hr Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth tit the yearl}' taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any. phs one-twelfth of pearl}• aremium installments for hazard insurance,
<br />plus cne-twelfth of yearly premium installments for mortgage instrance, if any, all as reasonably estimated initially and from
<br />time to time by Lender nn the basis of assessments and bills and reasonable estimates [hereof.
<br />The Funds shah be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal ar
<br />state agency (including Lender if Linder is such an institution). I-ender shall apply the Funds to pac said tales, assessments.
<br />insurance pretnittms and ground rents. Lender mac nM charge for so holding and applying the Funds. analyzing said account.
<br />ar verifying aad compiling said assessments and biIls, unless Leader pays Borrower interest on the Funds and applicable law
<br />permits Lender [o make such a ..^harge. Borrower and Lender tray agree in writi.^.g at the time of execution of this
<br />Mortgage that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />rgttites such interest [a be paid, Lender shall not Lx required to pay Borrower any interest or earnings on the Funds. i_znder
<br />shall give io Borrower, without charge, an annual accounting 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 tie pledged as additional securitc for she sums se_ured
<br />by this Mortgage.
<br />If t)te amount of ffie Funds held by Linder, together with the future monthly installments of Funds payable prior io
<br />the dt[e dates of lazes, assessments, insurance premiums and ground ants, shall exceed thi amount required ro pay said rases,
<br />assessments. insurance premiums and ground rents as [hey fall dui. such excess shall be, a[ Borrower's option, zither
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Fmtds. If the amount at the Funds
<br />htld by Lender shall not be sttificient to oay tapes, assessments. insurance premiums and ground rents as they fall due,
<br />BetTawer sha!i pay ie Leader am' amouoi necessan~ to make up the deficirncc within 30 daps from the date notice is mailed
<br />by Lender to Borrower mques[ing pa}•mint thereof.
<br />Upon pa}Tnent in full of all sums secured by this Mortgage. lender shalt promptly refund to Borrower an} Funds
<br />hP~.i t>,.- Isnder It n~~_ nars_grTnh lg boreal ihz Prapeny t, ;old ar the Pmpzrty a otherwise acquired h} Lender, Lender
<br />shall apph, no later than irnmedia[etp prior to the salt of the Pn,ps~rty or its acquisnian M Lender. an} Funds held be
<br />Leader at the time of appficatian as a credit against the sum; secured h}' this \lortgagz.
<br />3. of Paymetats. L;nless applicable lau pm;ides otherwise. sll payments received by Lender uncle, the
<br />Note and paragraphs I and ? boreal shall bi applied by lender tint in paymem ai amounts payable to Lender h}' Bnrmwer
<br />trader paragraph '_ herwf, rhea to interest pa}'able on the '~atz, then to the principal of the Ncte, and then to interest and
<br />principal oa any Future Advances.
<br />i. ~Rrx Liens. Borrower s;.all acv all taxis, ascissmrnts and other charges. fine. and :mix sitions attributable to
<br />r;x Pmp~rt}• w•bicL tray attain a priarin~ over .his Marzgage, and leasehold ea}~rtzms or ground rents, if any, in the manner
<br />pmvided um'ier paragraph ? hireaf or, if not paid in such manner. by Bermwer making payment. when due, directh• to the
<br />aavee the[coi. Borrower shall prnntptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall mate payment direr-Uy, Bcrrcwzr shalt promptly fumish to Linder receipts zxidencing such payments.
<br />BORIwa shah promptly discharge any lira uhiclf has pnann- over this Mortgage: provided. that Borrower shall not bz
<br />[egtsited to discharge any wch lien s<5 Tong as Banou~rr shall agree in uritmg [o the payment of the obligation secured b}'
<br />such lirn in a +R=^^ar acceptable to Leader. err sha3] in gcx,d faith rnn2ici such lien hx', or defend enforcement of such ;ten in,
<br />lega3 promedings which op:rate to precool t'rz enforcement of the hen or £orfeiturz of the Propem ar an} pa:r thereof.
<br />5. 13aard Ia~ce. Borrower shall keep [he tmpnvzmrms now existing or hereafter errctid nn the Property' insured
<br />against loss by fire, hazards included within the Term "extended rnverage'", and such attar hazards as Lender may require
<br />and in such aatouats and far such periods as Lender ma. require; provided, that Lzndzr shall not require that the amount oY
<br />s;,xh cax•erage exceed that amnurt of cox-rrage ;_quired to pap the sums ucured by ihts 1Sartgagz.
<br />Tlx insurattx carrier providing the iasuranx sltat3 be chosen by Borrower subject io approval by Lender, provided,
<br />that stk.-h apprarai shalt not bi ttnrzasaaab;y witftheid_ -;It premiums on insunncz }a~licizs shah t>z• paid in the manner
<br />proxided trader paragraph 2 lxra~f ar_ ti not yard in such manrizr, by Borrower r[sakioG pavmrni, when clue, directh' to the
<br />t~rar~ arrier.
<br />AB ittsuratrrx palicias aad re~~w-als thereof sha;i bi in form aczptable to Linder a,-,d shall include a standard mortgage
<br />clattse in favor of and in farm acceptable to Lender. Cradle shall have the right *.o hold the palieizs and renewals thereof.
<br />a~'~rrsver shall pr~.p:.[}' f;::mish to Le.'r±~r a!I r_nzw al r,t: ps a^d =il ttceipts of paid pre!*t_iums_ In the ex eat of loss.
<br />i'sorrinser shah gtx°e prompt no[ici to the insurance ca_mzt aad Linder. Lender may maize prod of lass tf oat ,,^,tadr promptly
<br />by Borroa~cr-
<br />U~ I-tier and i3arrnwer ixherxx tie agree in u sting. insurarci pr weeds shall fir applied to restoration or repair of
<br />t}x Ptnperty damaged, provided swell restoration or riaair ss economically iravbli and the szcuritx of this ?xtorigagz is
<br />tsar thrnhx' impaired. If st>ih restarattt,n or repair ;s n: t ecnnunicalh fi~s:t+le or :f the srcunt•~ of thts Mortgage would
<br />he itapatred. the insuntnx pnx~eeds shall be anphzd to the sums szcurzo ;,x thts Aiongage, with the raczss, if any, yard
<br />ivy Barr.wer. li the Property n abandons by 13orr~zr_ or ;t B.?rrowrr lari> to respond to L_ndrr wtthm 3l) days lram the
<br />date aotis is mailed by Cruder to Borrow zr that the tnsurancr carr,rr oiien to sznlc a claim Iar insurance biaetits. Linder
<br />s at6horutd to called and apply tht snstuartcr prtaxcds at L.endrr~s option either to restoration nr repair of the Property'
<br />err u+ the stm3s s~trred by this ?xiarfgagi.
<br />13n1ess Leader acrd Bcurawer othe?v. i_sz agree ;n wnuag, any su:h application ,,, prwrids to pnnctaai >hali oat extend
<br />or pastpctne t;g due date of tlrz mxmt;37v ias:aiiments rzierred t.+ in paragraph>. i and . boreal or change the amount of
<br />sr~h is[Ellr:-ens if tinder paragrap:R 18 he_~'cof t_hi Property es acquuzd hx_ Lender. a!t nght, title and interest of Sar+ower
<br />in and to any ir;sttr~ance polities alas in aad to the prwiads tixrzni resuhtng from dantagz to the Pmpem prior to the sale
<br />or atxluisin.-m sha13 pass z<. Lender to the extent of ibz sums szcur~i h} th;> Mortgage tmmrdiatzh• prior to such sate or
<br />t~irita[aon-
<br />6 lkeaersafios r®d INaieteoance of Proper}: 1-.ea'.se6oids: condo to~,ms; Planned Unit I)eaebpments. Borrower
<br />shall Jeep the Property is good repay aad shall cat commit waltz or permit ,mpai-mom or detrriorahnn of the Property
<br />and sisall co;nply with rise provicians of art} lease r# [fus Mortgage rs on a lzaszhc+Id. It ibis liangagz [s ao ., unit in a
<br />inittin or a planned ,*n;i devc3optnent. Barra.er shall pzrfa-rrt all of Borrowers nbl;gauans under the dzclarauan
<br />tsr tavcnaats creating err gov+eraiag the condominium ar plarnzd umt devriopmznt, the by-laws and reguiatian+ of the
<br />~ sr ~ trait ~:--•e~-p.~eai ;., ~;tsiftuert d,•xurttints. - -....damitiu=,. pla,..:zd ,. n.t :.+z+elepme
<br />rider s executed Isy Barratsrr and rea~rded~aagether +.uh this Mortgage, lire `caveuants~and agrremzrts of such ndrr
<br />-~; lx iororporated lino and shag aatend and supplrmtat the covenants and agreements of ;h;s Morgage a> :f the rider
<br />xvore a part hasof.
<br />T. Pr+aleetie~ d Isair~e Seett~. if Rrrouer fails to perform the covenants and agreements cameined in this
<br />3larctga;e, or if any a;~on or proceeding is commeaeed which materially a$ects Lender's inrerzsr in tlse Propzny,
<br />iodted®g, but not litoiud to, rminetu domain, iasalveacy, code enforcement, or arrangements or prxeedings involving a
<br />baekntpl ur dewdmt, that Leader u Latdv's option, upon notice to Borrower. may make sorb appearance. disburse such
<br />sums and take arrest action as ss imersssar}' to protect Leader's interest. including, but not limned ter, disbursement of
<br />teasooabk attorney's fees :ad miry upon Ilse Property to make repairs. If Lender required mangage insurance as a
<br />condititrrt of making ffie loan sectt[ed by this Mortgage, Borrauet sF,atl nay' the premiums rewired to maintain such
<br />snruraace in eHeet until such time as [~ tzquiretaeat far such insurance terminates in accordance with B.,rrnwer's and
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