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UxrFatt:st Covzxnxrs. Borrower and Lender covenant and agree as fo{lows:
<br />1. Payment of PrinelpaP and Interest. Boreawer shal- promptly pay when due the principal of and interest on the
<br />indebtedness zvider~:ed by the Note, prepayment and -ate charges as pravided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />2. kinds for Tutees and Insurance, Subject to applicable law or to a written waiver by Lender, Burrower shall pay
<br />to Lender oa the day monthly 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 oY the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, 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 from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />~ The Fun is shall be he-d in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />h state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said rases, 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 on the Funds and applicable law
<br />permits Lender to 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 agreetrtent is made or applicable law
<br />requires such interest to be paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to [ne Funds and the
<br />purpose far which each debit to the Funds was made. The Funds are pledged as additional security for tht sums secured
<br />by this Mortgage.
<br />If Lhe 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 amcunt required to pay said taxes,
<br />assessmenu, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or crzdited [o Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be su@icient to pay taxes, assessments, insurance premiums and ground rents u they fall due,
<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 payment in full of all sums secured by this Mortgage, Lender shall promptly refimd to Borrower any Funds
<br />held by Lender. If under paragraph 78 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 held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Linder under the
<br />tyme arse „t.z l ~ 2 her ~f ° o:l ~~°....._::^., l first ----- --
<br />.. paragrar.,, err„~„ by _ender in psymer,t of amounts payablz to Lender ~y ;;
<br />under paragraph ~ hereof, then to interest payable on-the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Iae~. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />dse Property which may attain a priority over this Mortgage, and leasehold pav: tents or ground rents, if any, in the manner
<br />pravided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereo€. Borrowzr shall 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 over this Mortgage; provided, that Borrower shat) not be
<br />required io discharge any such lien ro long as Borrower shall agree in wrong to the payment of the obligation secured by
<br />such -ien in a manner acceptable to Lender, or shall in good faith contest such lien 6y, 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 pan thereof,
<br />5. Hazard ftmsutrance. Borrower stall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fist, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; pravided, that Lender shall not require that the amount of
<br />such eavsrt<gc a=cPis1 that amount of coverage required to pay the sums s£xaretl by this 4fortgagt.
<br />The insurance carrier pravidinQ the insurance shall rte chosen by Borrower subject to approval by Lender; provided,
<br />that sash approval shall net be unreasonably withheld. All premiums on insurance polices s,hal! be paid in the martttbr
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when dire, directty to the
<br />s ~Li~-all tnSUrana:E paltEi~ airil r+rttiWalB tlterEaf &liali be m farm aCCCpiat!1£ f0 LCnd2f :in,l Shall inCittdC a 3ra fidard mortgage
<br />~t_'1_r!~ in favor of snd in f=-- - ssceptatsie to Leadyr. :.ender sY,- ~1 Itavt th;. righ t tr. hd th e paiiti~ anil r.rc°.t•aSs thtr~f,
<br />kd Barran .h„li nr .: ~ r..:r _ °h dG°r - - - ums n thz EvEr,r of la~
<br />_ ama.. ~ to Len all renzwal natt*:-?~-± aid ~t~ res~€ini~ ±~? ~~-'a ~[E-rat I-
<br />Borrvwer shall give prompt notice to the insurance carrier and Lender. Lender tnay make. orck?t of lass if not mad? promptly
<br />by ;3arrawzr.
<br />Unless Lender and Burrower otherwise agree in writing, insurance proceed. shall be applied to restoration or repair of
<br />tht Property dwmaged, provided such restaratian or repair is economically feasible and thz security of thts Mortgage iS
<br />not thereby impaired. if such restoration or repair is not rcanomically feasible ar tt the secant} of this Mar[gage would
<br />tx impaired, the insurance proceeds shall be applied to the sums stturui by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abattdmted by Borrower, or if Borrower fails to respond to !.ender within 30 days from iht
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim far insurance henefits, Lender
<br />is authari2ed to collect and apply the insurance pras>esds at Lender's option either to res±oraticn ur repair at the Propzrty
<br />or to tht sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of pnx:eeds to principal shall ncY extend
<br />ar postpone the due dart of the monthly installments referred to in paragraphs t and :, hereof or change the amowtt of
<br />such installments. If under paragraph l8 hereof the Property is acyuired by Lender, ati right, title and interest of Borrower
<br />lit and [o any insurance policies and in and to the pra:eeds thereof resultine from damage to the Property prier to th•_ sale
<br />ar acquisiaan shall pass to Lender to the extent of the sums secured 6y this Alartgage immediately prier to such sale ar
<br />acquisitii.n.
<br />6- Pstservatioa and i4lnimtenance of Propeny'i Leaseholds; Cottdominiumtt Planned Unit pevelopments. Horrawcr
<br />shat) keep the Property in geed repair and shall not commit waste or permit impairrttent or deterioration of the Property
<br />„yt .t,~ft ta.,ypt_. _;.s, eti~ r~ea;°i_ia=+- ^r = F~= if tl;i- ;~~?riga&v is ;?n ~ i>=a~~haid. '-f fl:is .°.'fV'r3ga~c ~ an a t:;iit u
<br />^^ ~ ' t , ~ 1 . ~^rro "Er °~a'tall ~ °ll ^f °a,arrower's -
<br />- ti.-. --- ~.~..'~ ._._ ~.^,~t,,., & - tom.-Mari : a itb-ig`atians under fhe uE;:iararii`an
<br />ar eavenants creating or govemiag the condominium ar planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent documents. ]t a condominium or planned unit development
<br />rider is execurzd by Bortaw°Er and rzc:ordod together with this Mortgage, the cavrjtants and agreements of such rider
<br />shall br insarporxted into and slsall amend and supplemem the covenants and agreements of this Mortgage as if the ridee
<br />were a gars hereof.
<br />7, Prtrtecti+m of Leader's Security. If 8arrower tails to periarm the covenants and agreements contained in this
<br />Ivlartgage, ar if any aaticsn ar prac~ui,^.g is camtttenced which maternally aHeets Lender's interest in the Fraperty,
<br />including, but not limited to, emirtent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or d~edent, then Lertder at Lender"s option, upon notice to Borrower, may make such appearances, disburse such
<br />stuns and take such action as is necessary to protect Lender's interest, including, but not limited to, disbursement of
<br />reasonable attorney's fzes and entry upon the Properly eo make repairs. If Lender required mortgage insurance as a
<br />eandition of making the loan secured by this Rfartgage, Harrower shalt pay the premiums required ro maintain such
<br />insurartve in effect until such time as the requirement far such insurance terminates in accordance with Barrxtwer's and
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