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79-e ~~6'71;~
<br />Urrtt:osnt Covatvnrtrs. Borrower and Lender covenant and agree ac follows:
<br />2. Payment of Pt+atcipal end Interest Burrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and sate charges as provided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />Z. Fonds for Ta:es and Iantrnace. Subjzct to applicable law or to a written waiver by Lander, Borrower shall pay
<br />to Lender oa the day monthly installments oY principal and interest are payable under the Note, until the Nete is paid in full.
<br />a scan (herein "Funds") gaunt to one-twelfth of the years} loxes and assessments which may attain priority over this
<br />btortgage, and ground rents on the Froperty, if any, piny one-twelfth , f yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgarc insurance. i[ any, all ss reesonabh• estimuttd initially artd from
<br />time to time by Leader on the basis of assessments and biil> and reasonable estimates thereof.
<br />The Funds shall be held in an ins2imtion the deposits , r accounts ,,~ which ate insured ar guaranteed by a Ftdera] ~_
<br />state agency (incivding Lander if Lender is such an institution). Linder shall apple the Funds to nay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may no: cfisrge tar so balding and applpia¢ tht FuncLc, analyzing said account
<br />or verif;~ng and compiling said assessments and bills, un!zss Lender pays Borcou•cr interest on the Funds and applicable law
<br />permits Lendtr to make such a charge, Bosn,wzr and Lender map agree in writing at the time of execution of this
<br />1fcrIgage that interest on the Fitnds shall bt paid to Bnrrawer. and unless such agreement is made ar applicable law
<br />rtquires such interest to L+e raid, Lender shall no=- ~. regnired to p:y Barrau•tr arty interest ar earnings as the Funds. Lendtr
<br />shall give to Borrower, without chargt, an annual acmuntfng of the Funds showing credits and debits to the Funds and the
<br />purpose for which tack debit to tiiz Funds wa_s made. The Funds are pledged as additional setutitp far the sums secured
<br />by this Mortgage.
<br />Tf Lhe amouai of the Funds hefd by I~ndtr, tegethcr with the future monthy installments of Funds pa}'able prior to
<br />the due dates of saxes, assessments. insurance premiums and ground rents, sfiaii exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rcnis as they tall due, sttzh excess shall be, at Borrower's option, tither
<br />pra~atpfly repaid to Bomnwer ar c.r.,dited to Barower on monthly instsliments of Fund:. If fate amount of the Funds
<br />held by Ltoder shall not L+t suf8ciettt to pas taxes, asstssments, insurance premiums and ground rents as they fall due.
<br />Batzower shall pay to Lendtr any amount necessary to make up tfie deficient} within 30 days from the date notice is mailtd
<br />by Lendtr to B+irroµer requesting payment thereat.
<br />L`pen payment in foil of alt sums secured b} this Me^,¢age, Lzndzr shall prompts}~ refund to Barmwtr an}• Funds
<br />ht~t by Lender. If ^ader paragT,aph Z S herzef the Prnpert}~ is sold or the Propzrty is othtrwisz acquired M~ Lander, Lender
<br />shall apply', tm later than immedatct}' prior to tht salt of the Propert}~ or its acquisition b}' Lender, an}~ Funds held by
<br />Lenttr at the nrrx of appiicatiaa as a ergot against the sums seturtd b}' thts Mortgage.
<br />+PPdt'$~ of ~f'nitaa. L`nless apr•iicabie i;.w prov%des ottizrwist. all paymtnts received by Lender antler flag
<br />Nott wad paragraphs 1 and ? hertoi shall be applttd h} Lendtr first in payment of amounts pa}'abit to Lender b}' Barrower
<br />tmdtr paragraph ~ heieot. rhea to mterrst pavabit on the Nott, ikon =to the prindpai of the Note, and than ro interest and
<br />pt3acipa! an any Pallor Adx-anxs.
<br />•4. Clsargest Betas. &,rrawrr shad pa}~ all tsxts, a_csesmzrts and other charges, fines and impasitians attributablt to
<br />the Prapem' uhicy tna}• attain a protin' over this Aiartgage, and Iza;thald payments ar ground rent if am', in the manner
<br />pmcided tinder par~aph 2 hertof ar. if not paid in such marnzr. 6y Borrou'u making pa}zrrent, when dot. dimly to the
<br />1~}''~ ihereaf. BiYrraR'tr shall ptomptiy ftunish to Lendtr all naures of amounts dot under this paragraph. and is tbt evtat
<br />Borraurr shall make pa}antral d=~ecth•_ Ba;Tewzr shall promp::}• famish to Lender receipts evidtnetng such payments.
<br />Barrower shad p_rt~p1}' discharge any lien ++hich has priority c+er this !+iertgage: previdzd, ttaat Borrower shall not he
<br />ntquitrd k alscharge any such Skn sa. long ss &irrower shall agree in writing to the paymem at fate obligation seturrd by
<br />s.h2i lien is a mantxr a..-^tptable ;o Lander, ar sn:dl in gx+d faith rontzst stkh lien by_ or defend enfotv~tmrnt e( such Tien in,
<br />Iegai p~^ttdivgs which operate io prexxm the enforcement ai the htn ar farfztiure of the Froptn}' or any ;+a^ thtrcaE.
<br />5. Hind I~te. Barrower shall keep iht :mprovtments now existing or hereafter created on the Property mscred
<br />agaivet Loss by firs, ltarsrds include3 within the tr-vt "txtrnded coverage". and such ocher hazards as Lender m3~ requitt
<br />and in such avxsaa~ and ter suth ptriads as Lendtr may require; pn,vidtJ, :;tat i.tnder shall rani require that the amount of
<br />s•.ta"tt cavrrage txaed that ameuat of a,vtrage rtqutrzd to pay tht sum. sciured h}' thts \iartgsge.
<br />T+x imuraa:~e terrier gtav~iiag the instuavx sl;all I+e chosen b} Borrower subjzct to approval b}' Leader, providtd,
<br />riot such approval sha'.l not l+e unrrasarabh' withheld. Aii premitvns cut insurance policies shall bt paid in tht manner
<br />prasidtd antler parsgrsgir 2 hereof ar, if azt paid in such matintr. by Sarrowtr maitrng paymenn*-. wF=n ztx, dittctly r., thz
<br />iustaran~ carrier.
<br />All insurance policies sad rtr:twals thtrenf shall bz in form a..^ctptab!z to Lendtr and shalt mtiudz s standard mortgagt
<br />clause ire favor ar and to form s:xptahk to Lendtr. Lendtr shall h:ts~t the right to hold tilt policia and renewals therm;,
<br />anti Btxrauer shall promptly ssrnish m Lendtr all rtnewal nettces and all receipts 3f paid premium;. In the went of lv~,
<br />Borrtxvu shais glut grampi aaucr to the tnsurantt tamer wad Lendtr. Lendtr ma} make pn,of of lass if not made prompts}
<br />3y $orraavcr.
<br />L Ltitd<r _,c ~rraRea ;rElztrw':it agr;.t tr. wru..,g. tn5uratr.,t pr~~is s>•,a11 irz apt lted to rz•:tora[tna ar repatr o:
<br />the Prapraty damaged. provided such rtst~ratian a; rrpaar a rco^~,n:izsl?}~ feasible and the xzurit} of this Ai.-~rtgage is
<br />not thereby impatred. IT s't~h trstaravan :+r repair is not e.~~rxmi.alli fwsiblt or tf tfit serurit}- of this \lottgage would
<br />be impaitrd, the instuavet praz~s shall bt applied :a the sums secured M this h9orgage, with tfit exctss, if any. paid
<br />to Bariawer. t the Proptrt}- i_ abandoned b}' Bo-n,wu, ar ~*. Ile-rsoktr SaiS> t,+ rrsp<Snd t, Lendtr wtthin ±0 da}-s fra;n the
<br />dat7 no3rcr is mailed by Lender to Raorrauer that rht insuraatt caritr nflttn to x'[tY a Maim far tnsurance btnt6ts, I..endrr
<br />is atsttu~ri~ to ;.ailect and apply tht insurance pn,cteds at Lendte's npiicm either [o reatarauon or repair of the Properly
<br />ar to t}fe sums secmnd by thu Mortgage.
<br />links Lender and Barrow=tr other>sisz egret tr, writing, an} such application .>f pr,cerds to pr~ncipsl shall not ez[tnd
<br />ar paay~xxt the dw d-ate of T_:.t moo;.^.-~; insta:ltnzas rtftrrtd to ;n paragraphs i an.l ? herzai or change tht amount of
<br />such ivsYall.menu. if under paragraph ;s hr-rp?i rat Pr_}p~_, _ c~}u.re *5} L~~cr a.': ^gh; tit;c and iattrest of Bar .zw;,
<br />is ate rL nay insurance policies and is and to iht proceeds rhtreof rtsulung from damage to the Property pnor is the sale
<br />ar ara~ttisitian slra6 pans to Lender ~• t!" e3==-en*, t, zr•+t s°.tnts se.-ure.7 b} this h;~srtgage immtdia[ely prior t_, such saSe ar
<br />a.-gtrtsttron.
<br />6 Ptmerrtoti+~ ~d Maintxsa~ncc ~ Propert}: Leaatbd~ Candomir[int®s: Plaa~d Unit I]evtbptnents. Borrower
<br />shaI. keep t§e Propert} is goad repair and shall rant con[mit wash or ptrmtt impairment or dettrioration of tht Property
<br />alto shall corngh• with tht provisiaas of an} least if ihts )4lartgagz >_, on a ltasefield. Ii this \Iar*_gagz is an a unit in a
<br />caadommaurn ar a plsana3 ttGai devtlapmeat Bartawes shall perfernt atl a2 $arrawreis ei,ligauons under the declaranc,n
<br />s• cavtnaats etrxtittg ac gavtrving zbe :,atrdimtanium or planned unit development, the by-laws and regulations of the
<br />canP.+~rinitstn or planted unit development and cattstitutr_r documents. if a candominittm or planned unit dt+~tlopment
<br />ride is executed by Bcurouer oral recerdat together wi,h the Martgagt, the covenants and agreemtnta .~f suth edge
<br />snail be ineatparated into asd sbaG ametfd and sugp;tmtnt the coatnanis and agreements of tbts Mortgage as if the rider
<br />acre s part hene~-
<br />?. P[otecNo~ of li.eeder'a Seca. If Baroutir tails to perform tht covenants and agreemtnts contained ir. thts
<br />.Mortgage, or if any actitat sr pmeeeding is camnititted whtch materially affects Lender's interest in thz P•oper[v,
<br />istciudivg, but oat limited in, ervinrm domain, itisalvency, code enforcement, or arrangements r~r proceedings involving a
<br />bankrupt tar dtcedene, than Leaden ai Ltt~er's option, uprm notice 20 Barmwtr, may make such appearances, disburse such
<br />satins and take ctth tw^.t'ton as is ntcessary [a protect Ltntier'a ,aterest inePuding, but not limited tn, disburst;nant of
<br />reasonithle a[totruy's fen amt entry upon the Property to make repairs. Ii Leader required mottgagr insurance as a
<br />condition of making the loan stcured by ibis Iriorigage. Barrower ;hall pzy the premiums required to maintain such
<br />imuraaee is effect until such tiri~ as late requireraevt for such insurance terminates in accordance with Sorrawtr's and
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