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<br />'[,: f t:F ftRd t~vv-e'r~rnt~~: rs. Bnrrr.~rer ~an~d Lw.nder cr^euantl aaac~ a~~g,rec ^a:is .t'oil~a~ws:~~
<br />?. Pa ~°ut __ p_~t ~~ Interco:. Bar:aw•er shall rnmpil:~ .
<br />3 ~€ p pay •xntn due tl-:e principal of and interest on the
<br />iadeb=.eda~s er iderced oy the :gate, prepayment and late charges as provided is *S-fe ?vote: and the principal of and itttirest
<br />atr any Future Advances se::ured by this Mortgage.
<br />~. Y{trmds for Taxes and Iasurszmce. Subject to applicable law or to a written waiver by Lender, Borrower shall cav
<br />to Lender on t're day monthly installments of principal and interest aze payable omelet the Hots, until the Note :s paid in foil,
<br />a rum (herein. "'Ft,.,ds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Morgage, and groan:d rents on the Property, if any, phts one-twelfth of yearly premium installments for heard ins~uarrce,
<br />plus o=re-twelfth of yearly premium iastalimerts for mortgage insurance, if any, all as reasoaabiy estimated initially and frarn
<br />time #a time by Lender on the basis of assessments and bills and reasonable estimatrs thereof.
<br />The Funds shall Ire held in as institudan the deposits ar accounts of which are insured or guaranteed by a Federal or
<br />state agency fircluuing Lender if Lender is such an institution). Lender shalt apply the Funds to pay said taxes, assessments,
<br />insaraac-•e pramiu,:r and ground teats. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying ens compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and appticabit ;aw
<br />pernsits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution o€ this
<br />Mortgage that interest on the Funds sha21 ire paid io Bonower, and unless such agreement is made or applicable law
<br />requires such interest fo be paid, Lender shall not be required to pay Harrower any interest or earnings an the Funds. Lender
<br />shalt give to Borrower, witttouf charge, an annual accounting of the Funds showing ctedi#s and debits to the Funds and fire
<br />purpose for which each debit to the Funds was made. Tae Funds are pledged as additional security for the sums secured
<br />b3' this Mortgage.
<br />If the amount of fhe Fuatis held cy Lender, Together with the future monthly installments of Funds payable prior to
<br />#hc due daces of taxes, assessmens, insurance premiums and ground renu, shall exceed the amount 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 />promptly repaid to Harrower er crerLted to Borrower on monthly installments of Fonda If tree amount of the Funds
<br />held by Lender shalt not be suf8deni to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />~anower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />6y Lender Lo Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any F._mds
<br />held try Lender. If under pazagraph 18 hereof the Progeny is sold or the Property is otherwise acquired by Lander, Lender
<br />shall apply, no later than immediately prior to the sate of the Property or its acquisition by Lender, any Funds held ~y
<br />Leader at the time of application as a credit against the sums secured by this Mortgage.
<br />~.-uplic:;~ ~ ~ ~~t;~ Unles, appl:cable law provides otherwise, ail pays-ie:rts r,°eiv~ by Lz;;c:ar under t:,~
<br />Note and para. aphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Leader by Borrower
<br />under paragraph y hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />crin:ipal on any Future Advances.
<br />9. Charges; L3ea5. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />tree Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the mantrcr
<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. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Barmwer shall make payment directly, Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required io discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such Lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the Lien or forfeiture of the Property or any part thereof.
<br />5. 13azrad Insur:nre, Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />agaiasiless by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounu and for such periods as Lender may require: provided. that Lender shall not requite that the amount of
<br />such wverage exceed that amount of coverage required io pay the sums secured by this Mortgage.
<br />-cue insurance cattier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />pravidpd under p=_=-~raph ? hmraof or, it not paid is such manner, by ~orraw~r making payment. when du°e, direcLry to ten
<br />tax3r<91GG carrier.
<br />:ill i:.srra:.ce ,~,liciw a.,,. renewals •=2reaf shall be in form aeceotabte to Lender and shall include a standard mortgage
<br />.:~
<br />Clat3xe is favor of sad is form accentah[e to Winder, I_ende_r chatl have rhr r;ghr ra M[d rrre ~,.r!icies sad ~ ,.,wet, ~lta'teaf,
<br />sad Borrower strati promptly furnish to Lender all renewal notices and all receipts of paid premiums. In rho event of toss.
<br />€torrower shat[ give prompt notice to the insurance carrier and Lender. Lender may make proof of lass if not made promptly
<br />by Borrower.
<br />Unless Lender sad Borrower otherwise agree in writing, insurance proceeds shag be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. If such restoration ar repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds she!! be applied to the stuns secured by this Mortgage, with the excess, if any, paid
<br />to Borrower If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds ai Lender's option either to restoration or repair of the Property
<br />or to rite sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall oat extend
<br />or postpone the due dace of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such instaiimeats. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to nay insurance policies and in and to :he proceeds ther~f resulting from damage to the Prop_rtp prior n? the sale
<br />or acquisition shall pass to bender to the extent of the sums secured by this Mortgage immediately prior to Snci: sale of
<br />acquisition.
<br />b, Preservation and Maintenance of Property; Leaveholds; Condominiums; Planned Unit Developments. Borrower
<br />stroll keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />and stroll comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />cottdemi.it.>_nt or a ptaaaed unit development, Harrower shall perform alt of Borrower's obligations under the declaration
<br />or covenants creating or governing She condominium or planned unit development, the by-laws and regulations of the
<br />etrndamitrittm or planned until development, and constituent documents. if a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Mortgage, the covenants and agrcemeats of such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />mere a part hereof.
<br />7. Proteetian of Lender's Seettrlty. If Borrower faits to perform the covenants and agreements contained in this
<br />Mortgage, ar if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />including, but not limited io, eminent domain, insolvency, code enforcement, or arrangements or prceeedings involving a
<br />baakrupt or decedent, then Leader at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />suers and lake such action as is notes-,any to protect Lenders interest, including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry upon. the Property io make repairs. If Lender required mortgage insurance as a
<br />coaditioa of matting the loan secured by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />insurann, in effect tmtii such time as the requirement for such insurance terminates in accordance with Borrower's and
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