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<br />79-r ~f ~:
<br />Uxmoxaa Covaxnxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of a..d interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fords for Taz<es a~ Insurance. Stirbject to applicable law or to a written waiver 6y Lender, Borrower shall pay
<br />to Lender on the day monthly instaWnents of principal and interest art payable under the Note, until the Note is paid in full,
<br />a aura (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents an tl:t Property, if any, plus one-twelfth of yearly premium instaihnenls for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, al! as reasonably estimated initially and from
<br />time to fime by Leader on the base at assessments and bills nerd reasonable estimates thereof.
<br />'f'he Funds shalt be held in an institution the deposits or accounts aI which am insured or guaranteed by a Federal or
<br />state agency (including Lendu if Lender is such an instituting,). Lender shall apply the Funds to pay said takes, assessments,
<br />irsurance premiums and ground rents. Lender may mat charge for so holding and applying the Funds, anal}2ing said account,
<br />ar verifying and oompiliag said assessments and bins, unless Lender pays Borrower interest on the Funds and applicable taw
<br />permits Leader to melee stsch a charge. Barmwer and Lendu may agree in writing at the time of execution of this
<br />Mortgage that interest on the Ftmds shall bt paid to Borrower, and unless such sgreetnent is made or applicable law
<br />requites strh intestst to be paid, Lendu shall mat be required to pay Borrower any interest or earnings on the Funds. Ltnder
<br />shall glut m Herrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose far which each debit to the Funds was made. 'Ilu Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />Sf tlu amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the dtte dates of texts, assessments. insurance premiums and ¢round rents, shall exceed the amount required to pay said taxes,
<br />assesvments, i,+s•,ran~ premiums and ground rents as they fall due, such excess shall he, at Borrowers option, either
<br />ptxxaptly repaid to Sotrower or credited to Born,wer on monthly installments of Funds. if the amount of the Funds
<br />heM by Leader shall not be suf&~nt to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Leader any amatmt ntcessan• to make up the deficiency within 30 days from the dart notice is mailed
<br />by Leader ro Borrower tsgtrcsring pa}'ment thereof.
<br />Upam payment in full of aB sums soured by tF.is Mortgage, Ltnder shsti promptly refund to Born wer any Funds
<br />l~ by l_r.~dtr_ If utidu narnasanh 1$ hereof the Properly is sold or r_he Property es othemist acau:: ed by Leader, Ltnder
<br />shall apply, tso Iattr than immtdiateh' prior to the sale of the Prnpeny ar i+s acquisition by Lend~~, any Funds held by
<br />Leader u the time of application as a credit against the sums secured by this \inrtgage.
<br />3. App6afloa of Payraseats. Utiltss applicable ]sw' provides otherwise, sli payments received by' Lender under the
<br />Nutt amt paragraphs 1 and 2, hereof shall be applied by Ltnder fiat in payment of amout.ts payable to Ltndu by Borrowu
<br />under paragraph ~ ltersof, then to interest payable on the Note. risen to the principal of the Nou, and then to interest and
<br />priacpal on any Fssiure Adcancec.
<br />0. ~ I3ta,. Borrower shall pay all taxes, assessments and other charges. fitits and impositions attributable to
<br />~ Prnpety which may attain a priority avu this Mortgage, and ieasthold pa}rtrea2s ar grouted rents, if an}•, in flu manner
<br />provided trtrder paragaph ?hereof ar, if nut paid in such manner, by Borrower making pavraent, when due, directly to the
<br />payrx thereof. Hoarotamr shall prtmtpdy itirrtish to Leadu ail notices of amanats due under this paragraph, nerd in the event
<br />Etasraxrct shag make pa}yneat direcrl}•, #torroxer shall pmmgtly' furnish to Lender receipts evidencing such paymenu
<br />$wtvtev shaft promptly dist9rargt nay lien ~altich has priorirc ostr this Mortgage; provided, that Borrower shall trot be
<br />tsqu%red to discharge any stint lirn so fang as Botrowu shall agree in wrung to the payment of the ahiigation soured by
<br />sorb lien is a .,..,.r,r• acceptable to Lender, of shall in gaud faith ~ronttst such lien by, or defend enfarctment of stsch lien ia,
<br />legal procmdings which operate w prevent the tnfarctrrtent of the lien or forfeiture of tM Praperiy or any part thetvof.
<br />S. Hata~d >~aate. Borrower shall keep the impravttrsents maw existing ar htrtaftu envied on the Pmpeny insured
<br />syaiast ions by fits, hazards irtc}rrded within the tetra °exttnded coverage", nerd such atlter beards as Lender may require
<br />aad m ~ amounts and for arc3t periods as Ltnd-~ ms}• rtyuirc; pmvidtd, that Ltnder shall not require that the artsaunt of
<br />such ~sx~nalt txxad that amount at co,etage required zo pay the sums rouge: by this Mortgage.
<br />'I!n ittsurarax terrier pmviditsg the insuraritx shall 4e chasers by Borrower snbjtct rn approval by Lender, provided,
<br />that strclt appravai shag not bt uareasnnahly w•uhhdd. All picmittms on insurance policies shalt bt pai3 in the rnannu
<br />ptorid[d under partlgxa}ih 2 btseaf or, ii tstx paid in such tnannes, by Borrower making paymtu[, when due. directly to the
<br />insttrancs tstxiet.
<br />Aft~+~.:-^-^^ politats nerd rstirexvak thera,f shall be in farm arttptahie to Lt:tder and shall include a standard mortgage
<br />cia~e in facxsr of and in form acxzpiahle to Lttsdtr. Linder shall have the nigh: to hold the poii`{iuu and rcruw~h theteo€.
<br />and Batrawet shall prnmprty fitrrtaah to Lender all renewal m'stires and ail receipts of paid premiums. In the event of Ions,
<br />Bortnwer shall give pnimpt notice io the itsurance carrier and Lender. Lender may retake pnw,t of lass if not made promptly
<br />by BaltDWC3.
<br />links Lmdv and Honawsr tRl~.t,sist agree in wrintg. insurance gracetds sha}i he applied to .restora[ian ar repair of
<br />the P'ropetty damsEed, provided wc6 rsstntanoa ar repair is ttottarr»caily frssihlt and tbe security of this Mortgage is
<br />t>Cd titmsb}' itapatrs3 If sucG tcslnr'atian ar nc;,air is mat rc++!nx,ntnai7} ttssthte ar ii the security of this Mortgage would
<br />be itatpausd.. the itssiv~e ptaceais shall ore applied to the stuns snored b} this Mortgage, with the excess, if any, paid
<br />m Bmictarct. if the Property' is ahand ' M Bevmwer, ar rt $arnw~u tails to ret.potni to Lcndtr within 3i) days from the
<br />date ranee is tnai3ed b}' irntftr to 9oriv~a-u that the insurance carriu aftua to cattle a claim for insurance betttfiis, Lender
<br />h arst_.~*~ tor, roikcz amt y the i~=rru~-e pnxccds at Lender's option eitit<r t. restaration cr repair of the Property
<br />ar its the snorts sa-tued by ibis Martgagt
<br />Uttiesa Lcadrr and Btstawsr arhG~wisro agm to venting. any such appli~-ation of pnxeeds to pntscipal shall not extend
<br />~ pat¢pttnc the due date of the im~mthl} is >,sLtim*ms refertu# to in pxra¢nghs l and ? berme ar change r#u amount of
<br />snob i..vaHm.nm rf nndei paragraph 7 d herruf the Property ri acyuirtd by Ltnder, all right, title and interest of Bornwer
<br />m and to nay snsursact porticos and in and to rite praxa3s thereof rtstilting from damage to the Proptm~ prnr to the salmi
<br />ar aea}nsitioa Shall paw ao Lett to the extent of the runts severed by this Aortgage immediateh• prior to sutfi sale or
<br />f. las:evtt~oa earl of ProPemy: Leasehddr: Coarlamiaioats; Planned Unit Developments. Borrower
<br />shag kerfir the Property in Egad rs~tir anti -lsall star tosamiz waste or permir impairment or deterioration of the Propert},
<br />egad >a~' }'-rith iht procisisas ed any katr if thrs Mortgage ~~ an a leasehr.:d. if this ll;ar'yage v an a unit in a
<br />v<ndommi3rm .~ a planned unit devtlopantai, Horrow•v sha13 perform al! of Borrower's obligations under the declaraiian
<br />~ ~ ~ ~ the 3rtr,it;m nr piar.ned usi. develapr„ent, the b3-laws and regulations of fife
<br />ar plaoaad tenet. development, and tattstitsaent documtnrs. If a totrdaminium car planned once development
<br />reds s tatcutnd by .Barrowbr and recot+dcd together with this Mvrigage, the covenanu and agreements of such rider
<br />akaFl ht eaaarpocaaxl ittto aad shall amend acrd suppkaotm the covenants and agteetvents of this Mortgage as if the rider
<br />wart a part hereof.
<br />]. Parlar~aar d LaiQ's $eeadty. 1# $orr'ower faits to perform the covenants and agreements comained in tt.is
<br />Atott=asle, arc $ nay action or PT~+a6 n crnnmenced which materially affects Leader's intuest in the Ptapeny,
<br />but mat united to, aaineM dotstaia, i~cttvtttcy, code enforcement, or arrangements ar proceedings involving a
<br />~ct7rpt er dee~t, ih~ Lander at Leader's optitsn, upon notice to Barr~ower, may make such appearances, disburse such
<br />atoms acrd take retch actin as ss nexsr•::y to grated Lettdtr's interest, including, but not limited to, disbursement of
<br />reaaoas63e att~ey's €ets and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />eatndrteon of t rite loan scented by this Mortgage, Borrower shad pay the premiums required to maintain such
<br />iesraantx is e>iect tstttd etch time as the requitetaent far sorb insurance tettt»nates in accordance with Borrower's and
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