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<br />73-~U.~~26
<br />Utv¢oaM Covtstvertrs. Boanwer and Lender covenant and agree as follows:
<br />1. Paytceat of Prhtclpal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtzdaess 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 by this Mongage.
<br />2. Fends for Tares and lasrrance. Subject to applicsble taw or to a written waiver by Lender, Harrower 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 stem (herein "Funds") equal to one-twelfth of thz yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Pmpem•. if an}'. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and fmm
<br />tame to time by Linder on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held in an institution Litz deposiu or accounts of which are insured or guaranteed by a Federal or
<br />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest nn the Funds and applicable law
<br />permits Lendtr to make such a charge. Barrower and Lender may agree in writing at the time of exzcution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and utiless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required io pay Barrawzr am• interest err earnings on the Funds. Lersder
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each detiit to the Funds was made. Toe Funds are pl~gel as additional security' for the sums secured
<br />by ibis Mortgage.
<br />Lf the amount of the Funds held by Lender, together with the future monthly' installments of Funds pa}•able prior to
<br />the due der<a of taxes, assessments, insurance premiums and ground rents, shall esYed the amount rrquirtd to pay said taxes,
<br />assessments- mSllrBnCG premiums and ground cents as they fats due, such excess shall 6e, at Barrawer's option, either
<br />prnmptl}• repaid to Borrower or credited to Borrower an monthly' installments of Fends. if the amount of the Funds
<br />hrJd b}' Lender shat] not be stif&dent to pay taxes, assessments, insurance premiums and ground trots as they fall due.
<br />Borrower shat] pay :a Lender any a.-noaot necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lendtr to Bortrny'er requesting pacmeni thereof.
<br />Upon payment in full of all stints sr.:ured by this Mon¢agt, lender shall pmmpth' refund to Borrower any Funds
<br />held by Lender. If under paragraph IS txreaf the Progeny is sold or the Prod..-rty ss athrrwise acgwre.3 by Lender, Linder
<br />shalt agpty'. no ]alit than i,nmeYtin;ely prier to [ne salt of the Property or its acquisition b5' Lender, any rands held by
<br />Lendtr a[ the [ii>x of spplication as a .-radii against tilt sum: soured by this 'afongagt.
<br />3. ApPiintiun of Panmtsfs. C'nfese agpiitahle law proa;drs othuwist. all payments received by Lender under the
<br />\ate and psragrapii-s I and 2 hertt,f shaft be apphtA by Lendtr oast m pa. mint of amounn payable to Linder b}' Borrower
<br />trader paragraph '_ hued, then to tntettst payable on [he Note. then m the principal of the Nntt, and then to interest and
<br />gr>zw,gal on any Futu.; Adyaaces.
<br />1 C$aeger~, Liens, & rmwn sLail p.ay all taxis. a,seccments and other charges, fines and impositions attributable to
<br />tlu Propem• which rna}• atraan a ptiarin• ay=er this Mortgage. and ieasthold payments err givund rents, of am~, in the manner
<br />gtuaided ut~ifer ptitagraph 2 hereof err, i2 not geld in such manner, by Barmwer mating payment, when due. directly to the
<br />payee tbers~ef. Borrew~u shall promptly fu...ish to Lendtr all nouces of amaunte duz under this paragraph, and in the event
<br />Bormwtr wall nuke payment dutcth, Borrower >hall prompt!; furnish to Linder receipts ryidencing such gayments.
<br />Batrxswa shsll promptly d~:.hargt any tier, µhith has pnorty Date this \fongagt; provided, that Bormu•er shaft not bt
<br />trgtstted to discharge any such lien a, lone a= Borrower shalt aertt in w rtmg to tae payment of rhr obligation secured by
<br />such lien in a rtiaantr accegralalt w Lender, ~,r shall in good faith romtst such titn by, or defend tnfomemrnt of such lien in,
<br />legal proceedings which opttate to prevent the tnfcn'ement of the hen or forfeiture of the Pmpzny or any part tfizreaf.
<br />S. Sward Lawtaace. Borrower shall keep the improvtmtn[s now zyisnng x hereafter erected on the Propttty insured
<br />against less he fire, hazards included within the term "extended coverage". and such other hazards as Ltndrr may require
<br />and to ~a arriaunLS and ft`s such periods as 1_etider may require; pnnidtd, that Ctndrr shall not require that the amount of
<br />sum a3vtragt tixxl that amount of atrage r^qusrtd to pea the sum. seture3 by~ ;hi; \fortgsge.
<br />7be irtsiliatlce carrier providing the instiranct shall bt chosen by Bor,wtr subjttt to approval by Lender, gmvtdtd,
<br />Shat stira apgrt,val shads oat br ttareasc*-iahh~ withtitid. Ail prrtn:umc an insurance polities shalt tr paid t^ the niaarxr
<br />gray ided under paragrapa :hereof or, ti not paid in sac': rnantxr, by $om,wu mating payattnt, when due, dtmctl}' to the
<br />uasuraax txrria.
<br />A11 itmrrance polities and rtaeaals ilirrn t sha.U tx a^ form accrptahlr to L en.ic: and shall ~nctudt e standard mortgage
<br />~atne m favor of and m form acceptable io L.ende;. Linder s'sait heat >.ht right to hold the poh:irs and renewak thttraf.
<br />and Borraa~er saali pr~pth~ furnish to Lender alt renewal notz'`YS and sit rz+~ttgts of geld premium. 3n thz event of loss,
<br />Bat :twit sllaii g:yt pmmpi noti;-e to ifx insurance carrier and Lender. Cen.?rr ma_a make grx~t .~f t.-,ss iI to t made pr.~mptly
<br />b~' Barrowv.
<br />Cnsless Lendtr and Barsowtr otarrw-s,z agrzt ir. w ntmp, tnsaranct p; atesis mall ere >pphed [., rrstoradon err repair of
<br />tae Prager:}~ damaged, grovsded such rtstarei+~=n or repair n rconamt: nth fr3stble a*sd t;i: ,r: arm at ibis htongage is
<br />oat thtarb}' tmpaittd. Ii suca mlua[;an at repair cs n„t ec:m,,mi.ally lzavhir or :i the sic unh of this ticngage would
<br />6t impaired. the insua'atrx grace: s shalt bt appiie± t,, list sotto sic weed ha this \fongsgr. with the tx.-ts>, tt ant. paid
<br />to Borsw'cr. It the Proper: a a?xatui.,:xa hs B.,r•,',,wr*..-.r ,: B.,rr.>wer tssl, u= rzsn rd to Lendtr w,thm iG cat's from tbt
<br />daft tact is misled by Lt~r ti. Borrowe ttut Iht ,nsur.,nct :.arntr nitro to smile a clam for srsurance t+tnt5ts, Lendtr
<br />n authortmd to calkct artd a~+agtr the ~nsuraricc proxtds at Cc-ndrr's .,guar, eiiaer to retorauen or repazr of rhr Progeny
<br />,; to the sutra sa;ttred by rats Ma; igaet-
<br />L''nkss Lerider and BtitTawer t,thtsw-isr agrrx .n wr,tine. any su;f; appli.atu,n ~,i prxttcis to pnncipal shalt not extend
<br />or ;"-~•`~ let due date o`i tt~ mot...^_3t' i;H.tai;,^ier.s rrtrrt.d e.~ in t.araeraghs t a.~d '_ htraf or change thz amount ~,-
<br />soch test=".+*Ynta. If under pattigragh ! t atra,f tlae People} ,s a.,luucd by Lendtr, sit opal, tiilt and interest of Barrowrr
<br />m and to arty iffiuranx potrau and m sod to tier g::~.xz>yi zhrrtot :tsuft;ng from damage to the Property prior to the sale
<br />or asx}irisitton stall pass to Ltndu to ;he txten: of stir sum> snure~i by ter,: ?vdangagr tmrnediarely poor to such sale err
<br />t:cgnmixsn..
<br />£. lrsstsaura ~'t~4a~reaece err Prapess3: f.trt~ foabatainisffi: FEaaard L~aFt Dearicpmeats Botrouer
<br />slaaii keep tbe Praperty is gaad repair ax? sY.a}d trot ~mmit waste ar ptrmit ,mga.tmert or duuioration of taz Property
<br />asx? saaCt'~Pf* wiry tat proviacrxs a; am ixst :+ t."::s Mcv^.gagt rs on a leeithotd. tf this .Af artgagr :s :, a .+nit ir,
<br />ixwdcanint+uri or s planned welt dtvtiogtnenr. Burro+tr ,hall pert vein all of Borrower's .=bt;eauans under the drelaranon
<br />cv ~renanis creating err gvvaritng tae rerrdomitu:=m or gizrtntat unn dr,rlopment. the by-fawn end regutationc of the
<br />cc>ndaaioitrm or planned iinit tkytlogrrrttn, ant? constitvtnt der uinents 1' a con:iominium or planned un.t den riopment
<br />eider is eaxuted b}' Borrower and recotdcd together 4sth this Mortgage, the :.ovztiants and agrttmtnt> .~f such rider
<br />shade bt incnrpttaurd iffier and saaB stiswd and suppfettttnt the covenants and agrttments of th,s Mungagt as ti the rider
<br />was x part horned.
<br />7. 1!saBtt•5ia~a et I.eai~'ti Soentitry, It Botrowtr fails to gerfarm the covenants and agrttmrnts contained in this
<br />Mertjale, ~ if uiy aetirei err proceeding is c~mmtnatd which ma[erialdy affects Lender's iatertst in the P: open},
<br />>& hilt fiat limat~ ~+, tmftttnt domsia- iasnlveacy, cadt eniorcemeat, err arrangemenu or groceeduigs invoking a
<br />~..attkttepi ~ ;fit, t Letter. u C.tmder's aptirytt, apart. notice to B.'.rraurr, may make such appearance. Ctshut-u such
<br />stems and take stick nctmn as is necessary to protect Lender's rn:trrst. mctudrng. but not Limited ter, disbutxment of
<br />reamaab$t attorney's fits and entry upon the Prapeny to make repaers. Sf Lender required mortgage insurance as a
<br />conditi~ of making the tuna secured bg ibis iE'engage. Borrower shalt pay- tfie premiums required to maintain such
<br />iataitaaa in efl~et ;mtii stick tune as tae rtgtiirement for such ensue ante terminates in accordance with Borrower's and
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