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<br />':.ft:ta~r~x*~~ f:-o^~,7=x~~~4'rs, Eleart^¢vu+er and Leea~ie-t vt=vet~aat aar~ agx°ee as f'€zil€=ws:
<br />s°aur~zna u4 L=ritrcyza"i ~tL ;,~zrz> ::-~:rv~~~. „ ~.1 « „=ri_r +. ri~v when- e~u=_ the gr*nri;.at a: and irterrt on t-~e
<br />i=dght~r3n _ _vid?r~,.d by ri,.n ;vote, pregavment and late charges as prase:ded i„ =he Note. and the principal of and in2erczt
<br />v.= x.y Futs;r Adyanc~ se:urev~ by ~ is Mortgage.
<br />~~. I<htsds far'i'a3xs and ir~rance. Subject to applicable law or to a written waiver by Lender, Botrawes shall pay
<br />to .under on rtes day monih'sy installments of pritx;igal and interest are payable under the :`:ore, until the lticte is paid in full,
<br />a stun therein r""ands") equal to one-twelfth of the yearly taxes and assessments wh"rch may attain priority over this
<br />Mortgage, s=td ground rents on the Property, if aa~y, plus one-twelfth of yearly premium irrstallmenu for hazard insurance,
<br />plus one-twelfth of yearly premitun installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender an ~e basis of assessments and bills and reasonable estimator thereof.
<br />T,e Funds_hali beheld in an instituhen the deposits er accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said razes, assessments,
<br />insu:c ce nrerr:iums and ¢roLtad rents. Lender may not charge for so ho?ding and applyira the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Ftmds and applicable law
<br />permits i~;rider to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on ehe Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not l>e required to pay Borrower any interest or earnings on the Funds. Ixrrder
<br />shall give m Borrower, witl;out charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose lot which each debit to the Funds was made. TLe Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />if the amount of the Funds he€d 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 amour: required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />prompz7y repaid to Borrower or credited Co Borrower on monthly insiaL'merts -f Funds Lf she a_._ ~nr of the Funds
<br />held by Lender shall not be suf$cient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessan~ to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Morigage, Lender shall promptly ttfund to Eorrower ar• Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds hnc ?ty
<br />Lender at the time of application as a credit against the sums secured by this Morigage.
<br />3. AppLicatinn o°_ Payments, ijniecs applies :~ ~ provides .,gth,rwi~. all p_ •+v.nes r ;vim by L_n.i.r „^der rite
<br />Note and p~ -;:graphs !and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, thin to interest payable on the Note, then to the principal oI the Not., and than to interest and
<br />principal on any rotate Advances.
<br />4. Charges; LLeas. Borrower shall pay ail taxes, assessments and other charges. fines and impositions attributable to
<br />the Props; y which may 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 paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Harrower shalt promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority aver this Mortgage; provided, that Borrower sha'sl not be
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation scooted by
<br />such lien in a manner acceptable to Leader, or shall in good faith contest such lien by, or defend enforement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Proixrty or any part thereof.
<br />S• $`aTAId Imvranee. Borrower shall keep the improvements now existing or hereafter erected nn the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and Sn such amounts and for such periods as Lender may require; provided, that Lender shat! not require that the amount of
<br />such coverage exceed .hat amount of coverage required to pay the sums secured by this Mortgage.
<br />~~_ inn~urar~.e carrier fraviding ir'tz insurance shall be chosen by $arrower su:5ject to approval by Loader; provided,
<br />ti€ai such approval shall not be unreasonably withheld. Ali premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof ar, if not paid in such manner, by Borrower making paymen4 when due, directly to the
<br />i<~surance carrier.
<br />ail insurance ~t;ci>~ and r__,_wals thereof shall be ir. fora: ac; ptable tic Londe-r °°t °h~l% tnclua~ a stand,~~,'~ m- _
<br />clause. in favor of and In form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />~,: u.,,- nor 1 p=.:,.~ptty° fwrji3 ; to Lender ell rez.ewai notices and ail receipts of paid premiums. in rite event of loss.
<br />^•T~shall e v ~- ~~ :.,riot =„ the insure...,., r~trier and Leader. Lender tray make penal of inns ii not ma>I-r prtrrt
<br />by Borrower.
<br />Unless Lender and Harrower othemise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such tstoration or repair is economically feasible and the security of this Morigage is
<br />not thereby impaired. if such restoration or repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. Tf the Property is abandoned by Boreo•.ver, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice as mailed by Lender to Borrower that the insurance carrier oKers to settle s claim for insurance beaefiu, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the stuns secured by this Mortgage,
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs t and Z hereof or change the amount of
<br />such installments. If ender paragraph I8 hereof the Property is acquired by Lender, all right, title and interest ai Borrower
<br />in and to any insurance policies aztd in and to [he proceeds thereof resulting from damage to the Prop€rty per to the sale
<br />or acquisition shalt pasts to Lender to the extent of the sums secured ley this Mortgage immediately prig; tic: such sale or
<br />acquisition
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
<br />shall keep the Property in goad repair and shall not commit waste or permit impairment or deterioration of the Property
<br />ad =_ -'-! -=or:3ply riith the pradi:.,,s of any l i this M,r-ctgage is an a 1caseitold. If this fvfortgage is on a trait in a
<br />car.dcmir-sium ar a planned unit development, Borrower shall perform all of Burrower'; obligations under the declaration
<br />or covenants creating or governing the condominium ar planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent documents. If a condominium ar planned unit development
<br />rider is executed by Borrower and recorded together with this Mortgage, the covenants and agreements of such rider
<br />shall be inrntparated into artd shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />were a part hereof.
<br />?. Protection of Lemder'e Beenrity. Lf Borrower fails to perform the covenants and agreements contained in this
<br />Mortgage, or if any action or proceeding is commen:,ed which materially affects L.ender's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt ar decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />sums and tape such action as is ne;essary to protect Lenders interest, including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />condition of -°~ing rite 1=,HI°~ secured by ells Mortgage, Borrower shah gay the premiums required to maintain such
<br />i~t~:rt~e ;~ ei~c`rf itstfil such tie as the requirement for such insurance terminates is accordance with Borrower's and
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