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<br />~s-~. ; cf •~ 525
<br />UNIFORM CovervnNrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment a€ Principal sad Interest. Borrower shad promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayrrient 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. Pearls far Tazes and hsuntrce. 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 />s stun (herein "Funds") equal to onrtwelfth of the pearly races and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if arc, rius ~+ne-tw~etfth of yearly premium installments for hazard insurance,
<br />plus oce-twelfth of yearly premium installments far ntongage insurance, if any, ail as reasonably estimated initially and from
<br />lime to time by Lender on the basis of assessmrnts and bills and reasonable estimates thereof.
<br />The Futsds shad be held ir. an institution the depcsi;s ar accounts of which are insured ar guaranteed by a Federal or
<br />state agency finchtding Lender if Lender is such an institution 1. i.ender shall apply the Funds to pay said rases, assessments,
<br />fostttaace premiums and ¢rntind rents. Lender may not charge for sa holding and applying the Funds, analyzing said account.
<br />or verify~iag and rnmpiling said assessments and bills, unless Lender pays Borrower interest en the Funds and applicable law
<br />permits Lender to make such a charge. Harrower and Londe; may agree in writing at the time of execution of this
<br />Mortgage that interest an the Fundss shall he paid to Bon~w•er, and unless such agreement is made or applicable law
<br />requires such inierest ro be paid, Lender shall not t+e required to pal Borrower any interest or earnings on the Funds. I,rnder
<br />shall give to Harrower, without charge, an annual accounting of the Funds shaving credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was rtade. The Funds are pledged az additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds hem by Lender. together wixh the future monthly installments of Funds payable prior to
<br />the due dates of razes, assessments. irura[ne premiums and gmund rents. shall exceed the amount required to pay said rases,
<br />assusments. insurance premiums and gmund rents as they tall due, such eycesz 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 />hdd by Lender shall oat be ~+^+~~'^t to pay tales, assessments, inwranx premnmx and gmund rents as they fall due,
<br />Borrower shall pay to Lr~er any amount nexssan to make up thz drficienc} within ?i) day's from tfie date notsce is mailed
<br />b}• Leader to Harrower :egitesting payment thereof
<br />L`poa payment in full of alt solos secured by this At,+rt.a,¢e. Leader shall pn,mptly refund to Borrower urn' Funds
<br />held by Lender. If vrsds paragraph IF hereof the Pr,prm rs sold ~>r tilt F'roprrtt ss otherwise a~s~u~,t: y t= N'= . L:n`#'r
<br />s3aB apply, rto later than imtnrdisteh prior to the .ate o4 the Pn,pem or its acqussiuon M Lrndtr. an} Fords held by'
<br />Ltndcr at the tiro of application as a credit against the sums secured t+y th,s Alongagr.
<br />3- ~ Pavmeats. Liniess appliable law or.,+-ides otherw ist. all psymentz recris•ed by Lender un~er the
<br />V ~c a~i paragraphs 1 and 2 bereif shall be appltcd bs~ Lendtr first in payment . f amounts payable to Lrnder M' B.irmwer
<br />isader paragraph '_ hta'eof, then to inierest payable on the No:c, then to the principal of tht Nate. and then to interest and
<br />prioeipai on any Future Advances
<br />~ ( I3em. Burrower s-hall pay a2; tayec. assecsntrs an3 ~+t;rzr charges, fines and impositions aitr:butaMe to
<br />the Propem~ w-hicli taay attain a priorvh' c,ver this Mortgage. and leascho3d pa}'mtnts or ground rents, if any, in the manmr
<br />ptw-ided under paragraph '- hereof or, if not pvd +n su:ti marntr, h. Borrower making payment, when Sue, dirertlc to the
<br />px~ ibe:enf. Borrowtr shall ptvmptfi furnish to Lender all r ~uces of amounts due under [his paragraph, and in tin evtnt
<br />Barmwer shat] ma-e payintat direct'}. B..>r-ywer ~haii promgth tarnish to Linder rtceipu esidtticing such pa}'moots.
<br />Borrows shall pr+omptiy ttischargt any !ten which has pry.,^ty Deer this Mongagc: provided. [hat Borrower shaft not be
<br />nsgtuted to dtschar'gc an}- such Lien >i, lone a_s B.ornwrr shsli agm in w Hung to the payment of [he nbligauon srcurtd by
<br />sari Isa in a mzaner acceptable to Lander.. r shall m good faith :onus[ such Tien by, or defend enforcement . * such lien [a
<br />legal pn~-eedi;,gs which afrsate t.+ prtyzm the r~i.+r.~emtnt . f ehe hca or forserturz of the Propeny or and pan thereof.
<br />S. Saari laaasaace. &,rrawex shall koep the *.mpn„ement; now nistsng or hutaftrr trrctrd an the Property insured
<br />agztast loss M' free. hazards indudai within for t rot -~eyreneed coetragc". and such othrr hazards ss Lendtr may reyuirc
<br />atsd ra armours and for such prrx.,ds as Lens~r may rc:iiure: praet,~d, that Ltndcr shall not trquire that the amount of
<br />suds cayrragr es~eri that amount of c.,sY; ego ~u:rr>j t.~ , ay :Se sums srcurcd by [htz \tan¢agt-
<br />'ilte insnrarrs :a-tier providing itlC iasuranx shall ;x chosen by Bnrsaw er zuz_iect to app-royal by Lendtr, proyidrd,
<br />that such approyxl shall net be unteasonahiy wfthtxtd .~li rrem±ums c+ri insurance pnliacs sh^tl bz nail m ztx mantic
<br />prsv,ded itader paragraph 2 hsear ar, tf m=. paid in suc3: marsxr. by &,rrnu-er mailing payment. ,s hr Site. 3irertly to the
<br />iasttraaee anitr.
<br />AIl insurance patina end rerxw~ais thcrcot shall bz m form accep[sbit so Lrndzr and shsll include a standard mortgage
<br />~latise in foe°nr of and :n farm a•'t~pta'art t. trader. L,ader .fiat; ha.z t3or right t., h.,3d list pt,h.irs and r:[Ka~ai, therr.?t.
<br />a~it3c~:cwei shat! praxapyty fzs~h ic+ L~dtr aL' crocus] nou-rs and ati rr:etpts of paid premiums in tht eycm of loss.
<br />Bcxsrtzwer shall give prompt tsaiice to the insursnce carr'irr and Lender Linder may make moot .~f i~ss :f oat malt promptly
<br />b}' Birrr?wtz.
<br />LiII}ess Leads and Harrower tuhery.int agar in w,-nmg. iasuraact pr.,cr'ris stiali :+z ap. tre.~'. to rtstoratiz',n ur rcp;tir of
<br />Lhe Propem damaged. pmvr~d such rtstatrtin,r. or rz,^s:r is tc.,nemtcalis tearble and thz• secutin of thss Alorigage u
<br />nos t}rettby i.'npaircd- if stx'h rcstnrauon ar rips::.li nor =:, n,,mtcalh tt>sri+te a it the ze.unty of this ASongage wcutd
<br />be rmpairtd. the insutancc ps~seods shall be appltrd ry+ the sums sr: urea b+ this Mong:egt. with thz rvcrsa, if ar.}. paid
<br />io Btrr~?+ser. L thz Property ri abandoned by B:yrn,wei, or :' B,,rrw rr ;nits to rzsp~nd to Ltndcr within ?ti dsyz tram tin
<br />dale mils rs mailed by Leader to Bnrrowrr rust life insursnx .-arnrr oflrn t sznie s claim far insurance benefits. Lender
<br />3 a~--`--its ;o;-ilt>~; ra+a, appfx itn :n .traa.~ p:ocss.+is ~u ieadcr':.~puon tither t. rzstr+ratton or rtpatr of thz Prom
<br />ar to tae stems sa-ured by ibis Mon.gage~
<br />[:ales lender and Batiowei :_hcru-tse ag; to ~r: s., ~taag. ans su:h az atrca:ten :+I } r.,~~da to pr.napai ,hail na[ rster.,"1
<br />~ p~~e xtte dot dart of t!n mnrithty rtstalimtnts rot`s; red :.+ in paragrs;.us and ~ hereof or change the amount c~t
<br />such sastalltDenU. if under pangraph 1S heitoi [ht Pr:+psry ie ac tusrd b+ Lenizr- sl! right, olio and int: rest of Harri~v, er
<br />in and to imy insurance petiaes and is ana to fat prc~Ytds thertot resulting tr. m damagz to for Proptn} pear a the salt
<br />ar aegitisirian saaL prix rc t-erider t. the ea'»at of the surrts secured c+ this A;oneagz atnmedia[th' pn~,r t.• such sale or
<br />~.
<br />6 ?coon stiaa aMi Aia'ste~aare d Prq~rrt}: i.catihaids; Candomi+sisatir Ptaaaed laet 6rt eiopments. Be. row er
<br />shalt kip the Psaperry in g:+nd telTair and shall m[ .-ommit wash ar pt.;r:srt tmpairrrx.t ar dtterieration of [tie Progeny
<br />and sisal] xetipty with tLu pEOVisaons of any Cruse tt rhtz Mnrtgagz n on a ieaszitaid. ti this Atortgsge in on a unit in :.
<br />rondominsum nr a planned rmtt devciotat=at. B;?rraw-cr shall pcrfum alt ai B.ar,.+uzr's obligatahns antler tnz dectaruon
<br />w-~--.~+~ ~.~,g q gowln..~ +1~r t,aa.'sman?urrt ar planned unn dzselopmtni, the 6y-laws sod regulau.,ns of rite
<br />~daxsiaittm or planned txni3 de.•elotnese.'it, and constinxni docurncnt;. if a ::~+n.ii+minium or planned amt Jt-kzlopmznt
<br />rds is tsecvted h}' 9cxrower and rtrard~ together wtt#t this Mongagt, the eu.tnanls and agreement. .+t such rider
<br />a$att ise itmmprantrod into and s$all amend and suppietixnt [ht coy ctsams and agrtemen[s of this Mortgage es if ttit rider
<br />wps a par, heraat.
<br />7. >!'raacrmaa e[ Ider's Sew. if Botr,~wer falls to perform the ca'<n.ants and agreemrnLZ c:+nta:ntd to this
<br />INart~R• cu if nay ac4itat ar pra.n$ is cmnmcaced which materially afircis Lender's inierest in xhr P•oprn},
<br />ineltmtiag, but cwt I>mi~ to, emirstat tiaasain, irss;ssver[c}. cxk en E•c+rni, or ar r_ngenserts nr prtxtedings implying a
<br />baalonpt ~ damdmt, thou Lama at Lender's option, upon stotitt to &,rawer. ma} make such appears^ces, disburse such
<br />sttnss and take such action ass tsec:ssar}• to protest Lenttrz s interest. ,nyiudmg. but not limited tu, dizbursement of
<br />tvaamab}e atwmey's ices arsd entry upon the Progeny u, matt repairs If Linder required mvrzgage insurance as a
<br />condition of making the tarn seatrred b}• xl[ts Mangage. Borer+wer shall pa} the premiums restuired to maintain such
<br />itsruaace in etl~t ima7 stilt time as tlx tegtsirtxnent for such unsurancr terminates in accordance wish Borrower's and
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