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UNIFORM COVENAN'r3. Borrower and Lender covenant and agree as follows:
<br />~, i. Payment o£ Princigai and 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 the Note, and the principal cf and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fronds £ar'I'aaes and France. Subject to applicable law or to a written waiver by Lender, Borrower shalt pay
<br />to Lender on the day monthly installmer+.ts of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sttm (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents an the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments far mortgage insurance, if any, all as reasonably estimated initially and feom
<br />~y 5me to time by Lender on the basis of assessments and hills and reasonable estimates thereof.
<br />~ The Furs shall Ile held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency iincluding 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 1-ender pays Borrower interest on the Funds and applicable law
<br />permits Lender t0 make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the 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 be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give zo Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />' purpose for which each debit to the Funds was made. The Funds are pledged as additional secanry for the sums secured
<br />by this Mortgage.
<br />Lf the amount of the Fnnris held by Lender. tc.Eather with the forme monthly installments of Funds payable prier to
<br />the due dates of taxes, assessments, insurance premiums and ground renu. shall exceed the amount required to pay said faxes.
<br />assessments, insurance premiums and ground rents us they fal! due. such excess shall be, at Borrower's option, either
<br />promptfy eepaid to Borrower at credited to Burrower on manthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fait dec.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon pa}•ment iu full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. 1f under paragraph ]ti hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, ri. later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Ap.ptka::aa o£ Payments. Unless applicable law provides otfierwisr. ail payments received by Lender under th-
<br />?Vote and paragraphs 1 and 2 hereof shall he applied 6y Lender first in payment of amounts payable to Lender by Harrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />prir.::ipal an any Future Advances.
<br />cl. Charges; Liens, Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Properly which may eosin a priority over this Mortgage, and leasehold payments ar 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 />payer thereof. Borrower shall promptly 4'urnish to Lender all notices of amounts due under this paragraph, and io the event
<br />Borrower shall make paymene directly, Borrower shall promptly furnish to Lender receipts evidencing such paytrtents.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shall not he
<br />required to ~iseltarge any such lien sit 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 shalt in good faith contest such lien hy, or defend enforcement of such lien in,
<br />legs} prtxerdings which operate to prevent the enforcement of the lien or for[eiture of the Propetty or any pan therraf.
<br />~. ilarzatrd Ic~raare. Barrawer shall keep the improvements new existing or hereaf!er erected an the Prapeny insured
<br />against loss by fire, hazards included within the term "extended coverage'", and such other hazards as Lender may require
<br />3.'td to s~~€lt amattnts and for such ~ricxts ~ Leetder Wray require; provided, that Leader shalt net it-quire that the amount of
<br />such eovera?e exceed that amauat of caverase required to pay the sums secured by this Mortgage.
<br />'The insurance carrier proxiding the insurance shall be chosen b} Harrower subject [e approval by Lender, provided,
<br />that such approval shall oat be unreasonably withheld- 411 premiums an insurance palicirs shall be paid in the manttrr
<br />=-d = ,- b~• i::... t, ~t directly to the
<br />pravisrrci untiir paragraph . nc a.. `r, . oi,t pa. ir`. z..;t mar nr, z .. vttar ^.ta-:ng s _yt':~.. , wl?an dU~: -
<br />itt3urar~~ ca.°rier.
<br />$.!1 i ~ttranCe pt"tc.~s sort trttrsvsl5 l.iterrnt sltali ix• to form ai:~eptaoic rfl Lsrrdcr and 3Lisli tneii;sle a s ....o m:ig:.~-
<br />__ _ _ _ ~....t~r~ ,.-. t a.~t t_~.,.ti.. ,:n~u h3.•~ eh., riu6t e.i hn_4t the euilicies and ~rrttewals tha[eof;
<br />and,Bstrrower <l,atl aranirtty fttrnish~to Lentlcr•all renewal notices and alt receipts of paid premiums. In rite event of loss.
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<br />Borrowcr sbaii give prorripi native Ea the itiautaniz carrier aitd l.rntlcr. I..endcr ma}' :trek: prtxxf of ls3zs if not matte promotiy
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance Itra:erds sbaii be applied. to restoration ar repair of
<br />tfte Property damaged, pravidrd such restoration ar repair rs rcanomically feasible anti the security of tfiis Mangage is
<br />oat thereby impaired. i# such resturauan ar rzpatr is no[ rcanamtcally feasible ar tf the sccunty of this Mortgage would
<br />fir unpaired, the insueanr prwecds shall br applied to the sums accttred by this Mortgage, wt[h the esc~tas, if any. paid
<br />to Bonxtwer. [f the Prnptirty is abandanrd by 1Srireowrr, or it Harrower fails to respond io L.rnder wuhin L(1 days from the
<br />date native is matted by Linder to Borrower that the uuuraner earner otfrn to settle a claim fur insurance lutu;tits, I.Cnder
<br />is authonaed to callcct attd apply the insurance prix~ds at Lettdrr's optian zither to restoration or repair of the Property
<br />or to lltr sums srs;•!red by this Mortgage.
<br />unless Lcndrr and Barrr:ver atl,;;ravis:- agr.x .n everting, any such pplicaUan of prcet~eds to prtns:rpal shall r,.,t extrad
<br />or pustpttnr the due data of the manthly instaltntrnts referred ti. in paragraphs I and i hereof ur change ehe ,tnwuni of
<br />such insudlntenu. If tinder paragraph tti herraf the Property rs acquired by Lender, all right, title and interest at llarrowrr
<br />in and to any insurance paiictrxs and itt and [a fire pew cads thereat resulting ievnt datt,age Eit [he Property prier ti: Ehr sale
<br />or acyuisiUUtt shall pan W Ietider to the extent of the runts sri;urrd by this Martgagt uumediatcly prior to such sate ar
<br />acquisition.
<br />tr, Ps>eaetvatt>ra rind 1F9aiaPuisancc tr[ Prt~eiAy; Letmettolda; f'oadomirtinats; Phwrtad Unit Gkvelapments. Harrower
<br />«l,~tl krr_n nc~ Pran>•rty in a€xtd repair and thaU oat commit waste ar permit impairment or tletarioratitttt of [he Pnpeny
<br />and shall i'antpiy with ihr peevistans of any Icast if this Atartgage iti an a lvaxrhald if this ?tturtgagr is tni a unit in a
<br />COnpamtrtlllm Ur a p#anrtrd oral drVrlopmcfii, Bi;rrawPr .fi~li pc-rf.^.rm 3;1 Cf Bt;rr:..x_r': i+blsg{tc«a a!!drr !fir de+:larafx.?n
<br />or caveuants creating ar governing the condominium ar plartnrd trait development, [rte ky-lawv and regutatians of the
<br />tandomituttnr or pIannad unit dt:velapmeeit, and cr~nati[uert ilc~s'umrt[ts. It a SotiJwniniunt ai Fla+inc~tl unit rkvs;tf+pmant
<br />rider is executed by Barrawet and r~ordrd together with this 1lAortgagc, the covenants slut agrsemi?nts of stteh elder
<br />shall fir ittcot'poraied into and shall amend and suppletttent the cavenams and agrrcntrnts of this Mortgage as if the ritkr
<br />tx~_re a part hereaf.
<br />- 7. Protectlaa ~ I.ender'a SccwN[y. if Borrower fails co perform the covenants and agreements contained in this
<br />Mortgage, ar if any action or proe~,ding is ct7tntnenced which materially affects Lenders imertst in the Froepeny.
<br />encluding, but not limited to, eminent danain, insolvrnoy ctttle enforcement. or arrangements ar prtx~eodings involving a
<br />ti bankrupt ur decedent. than Lender at Lender's option. upon notice to Borrower, may make such appearaners, disburse such
<br />sums arA take such action as is necessary to proiGi:t I.en~e's ;ntrreat, including, but oat limited tis, dishutxrmrnt of
<br />reasonable atiomey's fats and entry utran the Properly to make repsirs. If Lender required mortgage insurance as a
<br />sortdi#ian of LnaLting the lean ttectrred by this Mortgage, Borrower shall pay the premiums requuesi to maintain such
<br />ittaurance in effect unit! such tune as the requirement for such insurance terminates in accordance write Barrx+wer's and
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