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<br />79~0466~
<br />UNIPURM Covstvnxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal sad Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in [he Note, and the principal of and interest
<br />on any Future Advances sectued by this Mortgage.
<br />2. Fends for Taws sad Itssararsce. Subject to applicable law or to a written waiver by Lender, Burrower shall pay
<br />to Lender on the day morthly 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 on the Pmperty, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus Dice-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the bazis of assessments and bills and reasonably estimates thereof.
<br />The Funds shall br held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (ixluding Lender if Ixnder 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 assessmenu and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Berreuer and Lender may agree in writing at the time of execution of this
<br />Mortgage that ieterest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />r.-.gtrires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings an the Funds. Lender
<br />shalt gee to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />put'pose for which each debit to the Funds was made. The Funds are pledged as additional security 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 taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessment, insurance premiums and ground rents as tbe}• fall due, such excess shall be, at Borrower's option, either
<br />promptl}• repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />Geld by Lender shall not be sufficient to pay taxes, assessments, insurancz premiums and ground rents az they fall due,
<br />Borrower shalt pay to Lender any amouei necessary to make up the deticien.y within 30 days from the date notice is mailed
<br />be Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by [his Mortgage, l.endcr shall promptly refund to 8orrawer any Funds
<br />acid ay Lender. if utr.,der paragraph 15 hereof the Property is sold o: the Property is otherwise acquired h}• Linder, Lender
<br />shall apply, no later than immediately' prier to the sale of the Pmpertp ar its acquisition by Lender, any Funds held by
<br />Lender at the time of 2ppScation as a credit again<_t the sums secured he this Mangage.
<br />3- Application of Payments Unless apnliwble law provides otherwise, all payments received be Lender under the
<br />Note and paragraphs 1 and 2 hereof shat) be applied by Lender fits[ in payment of amounts payable to Leader by Borrower
<br />under paragraph 3 boreal. then to interest payable on the Note. then to the principal of the Note, and then m interest and
<br />principal as any Future Advances.
<br />L t'fHrges; L3eas Bormut:r shall pa}' all taxes, assessment and other charges, fines and rmpositians attributable to
<br />the Property which [nay attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or. if not gold in such manner. by Borrawtr making payment, when due, directly to the
<br />payx thtrtxf. Borrower wall promptly furnish to Lender alt nouces of amount due under this paragraph, and in the tvent
<br />Bormwrr shall asake pa}-meat dirzctlr, Borrouzr shall premptl}' famish to Lender receipt es idznttng such nay'ments.
<br />Bortowts shat promptly discharge any .ter, Which has pr:arrn~ over this Mortgage: provided, that Borrower shall eat be
<br />retwired to discharge nay such lien k long as l~rrower shall a¢ree in u-riling to the pa}meet of the ol+ligation secured by
<br />such Ise in a manner accep[abk to tondos, or shall in good faith tomes[ such lien by, or defend enfnrwtntnt ~?i such lien in,
<br />legal proceedings which operate to prevent the enforcement at the lizn or forfeiture of the Propene ar am pan thzreaf.
<br />~- Sarard IaAwaan, Borrower shall lxp the rmpmvtments now zxi°tin¢ or hereafter erected on the PnvlKriy insured
<br />agai~t loss b}• fire. hazards intludtd within tae term '~zvtended coverage", and such rnMr hazards a I~ndzr m_a}• require
<br />and in suds aauvunt and far sorb periods a, Ler,.:er may' require; provided, that Lender shalt nM reyuirr [het the amount of
<br />rich coverage extetd that amount of trnerage regwred to pay the sums secured be this Mangaet
<br />T)re sasurance Carrier providing the insurance shall be .hewn by Borrower subject to approval by Lender: provided,
<br />[hat such approval shall not be unreasxtabl}~ withheld. All premiums on insurance p.~iictes shall be ^aid to the manner
<br />provided tinder paragraph 2 hutaf or. S not pasd in such manner. by $armwer making payment, when due, dimtly' to the
<br />i~trtam caries.
<br />AB imarance policies and rtxsewals thereat shat: bz in faint aaxptabk to Lender and shall include a standard mortgage
<br />elattst in favor of and to from acxpaabk to Lender. Lender shall have the ri~at to hold the poll: irs and renzwals thereof,
<br />sad $asrauet s'sall prompd}• futwsh to Ltndtr all renewal nouces and a!I receipts of paid premiums. 1a the event of lass,
<br />Borrower shall gee prompt natict to lac snsur_nx :arrier and Leader. Lendrr ma} make pmoi of loss st not made prompth'
<br />fi' Harrower.
<br />Unless Lendrr and Borrau~tr athrru~tse agrtt to w rating. insurance pzsstetd. shall be applied to restoration ar repair of
<br />the Proper}• damaged pmvidtd such restaravon az repair is e: onomi:aih~ izasiblz sad the security of [his Mortgage as
<br />eat ihtreby impasrtd. li such resmrauora or repa,r is not rtona~micapy ieasihlt oz ti the stcunn of this Mortgage N'auld
<br />be aapasred, tae snsutanx prnaxds shall be applied tr+ the sums secured n}- thu My?rtgagz, uuh the excess, if any, pasd
<br />to Borrower. If tae Pmpem ss al,arsdasxd by Bvirnnver, ,r it $onax-er laili to respond to Lender within 3U days from the
<br />date notice is mailed by 1Rnder la 8orrawer That tbe ~nsuraatt tarritr orzrn to utile a claim for insurance bentfils, Linder
<br />is authorized sa ssllxt and appl} tae ansuranct priscetds at Lender's option either to restoration or repair of the Proptrt}
<br />ar to *he slams stcutcd b}' tats Morigas~.
<br />Unless Ltadtr sad Horrow•er uttservvist agree in wrstiag, ant such applitatian of proceeds to pnatipal shall eat extend
<br />or potrtpace tae due data of the irstmihh' installment referred to in paragraphs I and '_ hereof or Change the amount of
<br />such instaiimtat_ If ands paragraph ig hereof the P; operty is acquired b} Lender, al3 right, tide and interest of B:,rrawer
<br />in sad to any i~urance policies aDd m and to Ilse proteads 1ltermf resuhing from damage is the Propem~ poor to the sale
<br />or tttxgtisition wall pass to Lem'sr :n tae euent oT rite sums secured 6; this Mongagt immediately prior to web sale or
<br />actpuitritian.
<br />4- IReasy>~ atad SH~teso>mce of Properts: Leaseholds; Coerdominiuts~ Plaaaed Unit Developments. Borrower
<br />shall keep the Property in goad repair acrd snail met tnmmit waste ar permit impairment or dzterioratian of the Property
<br />axl [:hall txmplp with tae provisions of nay least sf thss Mortgage ~c on a leasehold. 11 this Afongage is on ~ unit in a
<br />condts®nitsm ar a plaan~ wait developmem, 8orrawer shall perform all a7 $orrautr's ablagations under tbe declara[ian
<br />or covenants creatirsg or govsmag the condominium or Manned unit development, the 6y-laws and tegulazinns of the
<br />condominium w pdanoed ,.,,:: development, and constituent dwument. if a taadominium or planned unit deeelopment
<br />ride is essecused Iri' 9otrow•er anti retotded together oath the Mortgage, the tovtnaat and agreement of such rider
<br />t3tall he incorporated into and shalt ;mend sad supplement the covenant and agreement of this Mortgage as if the rider
<br />wee a part lrert~.
<br />7. PrnMetlaa ~ L:ader'a - If Borrousr fails to perform else covenants and agreements contained in this
<br />Mme, or if any action or prottedittg is carrunenctd which materially affects Lenders interest in the Property,
<br />incftrdiag, bet tact limiu$ to, emintni t~asain, iaa-slversty, code eaforczrrsem, or arrangement or proceedings involving a
<br />lstnktttpt or decedent, Caen Lender at Le•~--des''s apaion, upon notice to Borrower, ma}• matte such appearances, disburx such
<br />sums sad take alien notion as is s~.ry' to protect Lender's ineerest. tntluding, but not limited to, disbursement of
<br />reasonable attorney's fxs and entry upon tae Property to make repairs- if Lender required mortgage insurance as a
<br />txsaditian of making >hr loan secured ay Thfs Mortgage, Borrower shall pay the premiums required to maintain such
<br />itmeraace in e8eet irtttil such time as tat rixluiremeat far such sasurance terminates in accordance with Borrower's and
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