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L1xtFOxM Covexexrs. Borrower and Lender covenant and agree as follows:
<br />I. PaymeteY of Pdoctpa! and Ietterest. Barrawer shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and rate charges as provided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />.~ 2. Fbe[da for Taxes aid Imvranee. Subject to applicable law or [o a written waiver by Lender, Borrower shall pay
<br />to Lent~r an the day monthly installments of principal and interest are payable under the Nate, until the Nate is paid in full,
<br />.~.r a stem (herein "Ftmds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, attd ground rents on the Property, if any, plus one-twelfth of yearly premium installments far hazard insurance,
<br />plus Doti-twelfth of pearly premium installments fee mortgage insurance, if any, all as reasonably estimated initially and from
<br />time m tune by Lander as the basis of assessments and tsilts and reasonable estimates thereof.
<br />~ The Funds shall be held in as institution the deposits or accounts of which arc insured ar guaranteed by a Fedezai or
<br />i` state agency finduding Lender if Lender is such ar. institution). Lender shalt apply the Funds to pay said taxes, assessments,
<br />iasttrance ptt:miums and ground rents. Lender may not charge for sa holding and apph•ing the Funds, analyzing said account,
<br />ar verifying and compiling said assessments and bills, unless Lender pa}s Borrower interest on the Funds and applicable taw
<br />ptrrt[its Letrder 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 Barrawer, and tm}ess such agreement is made or applicable law
<br />tequirts such interest to be paid, Lender shsl! oat br required to pa} Bormwcr ar.}• interest ar esrnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pttrpase for which sacit debit to the Funds was made. The Funds are pledged as additional securit}' for the sums secured
<br />by this Mortgage.
<br />If the amount of the Fumis ttetd by Lender, together with the future manthly installment of Funds payable prior to
<br />the due daEts of taxes, assessments, insurance premiums and ground rend, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, ai Harrower s option, either
<br />promptly repaid to Bormwtr or credited to Borrower on manthly installments of Funds. If the amount of the Funds
<br />hdd by Leader shall not be strtfident to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />t3onawer shat) pay to Lender any amaum neceuan to make up the deficiency within 30 da}s from the dale notice is mailed
<br />by Linder to Borrower requesting payment therec f.
<br />Upon payment in f,rt1 of alt sums st ured by thisifartgage, Lender shall pnmpily refund io Bormwrr any Funds
<br />hid by Lender. I# tinder paragraph IR hero, ~ the Property is Bald ar the Propert} is otherwise acquired by Lender, Lender
<br />shell apply, ao later than immediately prior :o the sale of the Proprm• or its acquisition hp Lender, any Funds held by
<br />L~dtr at the titan of appiitatian as a credit against the sums secured 6} this 1lottgagz.
<br />3. App~Btarittn of 13sp~mears.' Unless applicable lain provides otherwise. a!1 papmems remived by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first to pa}mcnt of amounts payablt to Lender b}' Harrower
<br />under paragraph 2 hereof, then to interest payable on the Nott, then to tttr prim.ipat of the Note, and [hr^ to interest and
<br />pt:ntipa! on any Ftuttn Advances.
<br />d, Clatr=ex Bras. Harrower shall pay aL taxes. assessments and ocher charges. firrcs and :mpositians atvibutable [o
<br />the Ftz~nty which may attain a priority over thus Ma-tgage, and leasehold pa}meets or griwrv', rents, if any, in the manner
<br />provided under paragraph 2 tieteof ar, if not paid in such manner. b}' Borrower making pavment, wtstxl dire. directly to the
<br />payee tttettrof. t3cxrrawer promptly ftzittish to Letrder nit ttaz:~es of atttaunfs dire under Ehis garagraph, atui in the event
<br />Bixractncr shat) titake pa}meat diractt}, Barrawer shall prompt)} fumis3i ra L.eader receipts svidtncing strh payments.
<br />Borivwea slsall Promptly dscharge any Iicn which has prtann over this 14origagt; provided. ?hat Banowtr shalt oat be
<br />togtrired la discharge nay sv.lr Lien so long as Barrawer shall aerce in writing as the payment of the obligation src~~ .;d by
<br />Srx~ Lien is a maanix aceeptabk to Loader. ~ shat) is good forth a~ntcs± such lien by, ar dtfcnd enforcement of such lien in,
<br />~ proceedings which operste to prevent the eniarcxment of tax lien ar faiTCtture of tar Proprst}' ar any par[ thereof.
<br />S. t3atasd llttts~ce. Botrawrer shall kept the tmpmvements now existing ar hereafter erected ixt the Property insured
<br />agaiart tads by 5ri-. hazards includai within the tr..•aa "rxtctsdtd rox°erag~', and such other hazards as Lcttdtt map require
<br />aad m such aatatn6 and far such periods as Leruler ma}' require; pravideC, chat Lenckr shall not require that the atnwm of
<br />sta^h mvvage card that amount of r~vtragt regatred to pay tht sums soured hp this Mortgage.
<br />Th= iaRUaesee carrier providing the insurance shall tse chosen by Hatrowrr subject [a approval by Lender: grovided,
<br />chat such aPp+ox'al slat! oat be tmraxanabl}• w°ithheM. Alt premiums nit insurance ,hlicies sital3 be paid in c'x manner
<br />provided un8tr parag~apdt ? htrrof or, tf ita paid m such manner, by its rrawrr making Pa}rove), wYxn date. direcriy to the
<br />insurance aniea.
<br />AH iarsdttatsce policies and renewals ihcrca# shalt *re in farm an-eptable ?o Lender and shall mc!udr z ~tattda*d mortgage
<br />clatae in favor of and in farm axepugk z~* I.ender_ Lender shall have [tar right t;~ hold the p:=licks and renewals therau,
<br />and Hsxroxver shall proeapttp furnish to Lender aIt rerxwal antlers and all rrceipis of paid premiituns. In the evznt of ass,
<br />Bore shard give prompt ao[itx to the ittsura[tce :arritr and Lender. Lender ms} trtake oral ei lass if na[ made pramatl,.'
<br />f=3' ~-
<br />Untsss Letiskr teed Hamann olka=rwisr ag-er ~~ i.nt~ag. in;urar~ prta-rrds she#l be app'.iad to restaratu:n ~>r aepair of
<br />the Pnaperty damaged, provrdc3 t:urii resreratton ar repa!r es rcatiatnicall} frasib)z a.•id the secvin• of this hiattgage is
<br />TsM tlierobY impaitrd. ff wch rt3tatattan ar rt.pur ;s oat c~a-stscunically ftasihle ar rt the sc~untp of this 4{artgage would
<br />be tmp:irade tax itutaar:ec }+rsecris shat; be app)sril so t)x sams s~uuted bx this \fongage, ueth thz exce>s. if an}'. paid
<br />to Horrpaer. li the Propcrr} n ahaititarsc; ^} 8c,rrc>+rr .tr :; Barr:<tatir taxis to acspo-n;i io Lender wtttiir. 30 days from ihr
<br />date mtirx is ntaiia9 by Lenaa to Bt+rsaw~rr that the rmuranx camrs oden to settle a claim nor tnsurarse 6etuf=ts, !_ettder
<br />is a to ealkst am; appets [ire ttssurasn:e }us*a'NS at Ltndtr s , ptic*n rtthtr to ttzturauan er repair :.t` the Property
<br />ar m rho s;$ss sauced by ehu i:ats~C
<br />[: Lt~tuser and $aYavwxr x~'rtrxxzse agm to wr:tang. an}- s:tch appii~:atmr, of psocetds to prtncapai sliail not extend
<br />pt t~ dax dos .^a tt'~ ..., _- ,,-'~xd:a;~t`c~c. .~c'ttti iz. er -~a..ngritiv~ s:vii k hc7tei ar c)tar.gc 'she arftount u1
<br />sorb insiaIlmcrth. I# ender peragray~ i~i4 htra-ri t,4c Prfopct} acl~ucv ks Lertdrr. ail nght, vile and t;ateresz ai Borrower
<br />iii at.°''i w nap il'~Hafil:t pritiCYeC i<itd is and to t?se pro;•etds thtrcnf rtsz:ttng fit?rn dansage u: the Properr} prior to the sale
<br />to acgittsition shall pass to Loader to the rx[rat of east solos sev-tzrc? h} Cn„ \darigage tm:rediaielp prior [o such sale ar
<br />actgiri>ttt;.s^
<br />6- Praa>~ea acrd A4ett e~f Pragatrt}; trams; C f faasaF! )snit UteeSopsrees, Harrower
<br />s}aall'~ ~ Prnpety i€s good rsgaair asd tdtaD amt ..aramiz waste ar , tamii mpattmtnt or dcteriaratioa of the Propert}•
<br />alto shall atr:$p?y ~rc~~irh tax lrurs:oas t~ air}' least :# thrs Mt~?gagt :i oat a itastltaid. tf this .4Eartgagz i3 ore a unit ir, a
<br />f to a p:anmd unu deveiapasea:, Sru3awer s?zail perf.:rat all .~f Barros.zr'= ;~btrgavons under t)tr :l~larat+.srt
<br />t>r +;ortrsRa3s creating or gove:rnmg the rnaaofnnium cr plar:acd unit dtx.rioprrtznt, the by-laws and regu±ations cat the
<br />z>aadomiaiuta or piasned unit d•°-*~_, ~d ~?za~ittt~t ~~~ua[s_ tt a „n,~mLni~.. n nlanr::.d :....t :kse>;,pmz*:,
<br />r~ is eaecntnd by HnIiawet aid recorded tagextscr wtiti this 1Jlcrigage, the revenants and agrreatznaf of such rider
<br />s~ be i.~ into cad steal,) amend oral st;pp)tmcnt iht :,c+vertaats atad agr~tzats of this A9artgagr as tf the tsder
<br />weee a part hereoL
<br />7. !~AlacHate a[ [.attic`s 5eeuiq. if Botrs=wtr fasts to prrfarat the covenants and agreements contained in this
<br />~• or of nay atxinn ar pro! uxraatttr-ed wI[tch materiatt} affoots t_rndcr's interest in the Property.
<br />ice;. but zwt tttiaited t0. sninottE dt>maia. insatvency, Dark rnfatceastnt, cr anangemtnts or proceedings involving a
<br />hsntmtpt as dtacadtmt, i_~a Lender at L.eoder's option, upon rtatec to Borrower, may make such appearances. disbursz such
<br />ttigm and tape such tsctaas[ as is Mary Eo praee<t txntteis interest, i:scittding. but oat limited to, disbursement of
<br />rtssanalsk attntaey's fees aid tatty trpoa the Pzoptny to snake repaars. If Linder required mortgage insurance as .,
<br />aoindition of making the Ioan sttured ;air this Mortgage, Ssirrawer shall pay rite premiums rtquirod to maintain su:h
<br />^^~ let eiltet tmti3 sirh torte as the regtrurmant fm such axsurance terminates in accordance with Borrower's and
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