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79--~ Q~68'7~
<br />Uxteoanr COVFNAN7S. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shalt promptly pay when due the principal of and interest or the
<br />indebtedness evidenced by the Nofe, prepayment and late charges as provided in the Note, and it:e principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fads for Ta=es and lasstitance. Subject to applicable law or to a written waiver by Lender, Borcower shall pay
<br />to Lender on tilt 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 of the yearly taxes and assessments which may attain priority' over this
<br />Mortgage, and grotmd rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus aae-twelfth of yearly grcmhun installments for mortgage insurance, if any, all a: reasonably estimated initially and from
<br />time to tittle by Leader on the basis of assessments and hilts and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deaosits or acct oasts of which are insured or guaranteed by a Federal or
<br />a•ate agency (including Lender if Lender is such an instiiu8onl. Lender shall apply the Funds to pay said rases, assessments,
<br />iffiurance premiums and ground rents- Lender msy not charge for so holding and applying the Funds, analYZing said account,
<br />or verifying and rnmpiling said a'seisrnenis and hilts, un1€-ss Lender pays Borrower imer~t on the Funds and applicable law
<br />permits I.rnder io make swh a char. Borr~,wer and Letxler ma} agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shaft t+e paid to Borrower, and unless such agreement is made or applicable taw
<br />reytrires such interest to tx paid. Lender shall net tx required to pay Borrower any interest or comings on the Funds. Lender
<br />shall give is Borrowr., without charge, sn annual acceunt€ng of the Funds showing credits and debits to the Funds and the
<br />pwixtse for which east debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the ,amount of the Funds held by Lender, together with the future monthly installments of Funds payable poor to
<br />the due darts of taaes, assessmrnu, insurance premiums and ground rents, shat) exceed the amount required to pay said taxes.
<br />assesments, itssttraace prattiums and ground rents ss they tall due, such excess shall be, ai Bnrrnwtr's option, etthtr
<br />ptampilp repaid to Borrower or credited io Barmuer on monthly inualiments of Funds. if the amount of the Funds
<br />held by Lender shall mx be sullicieat to pay taxes, asxts>ments, insurance premiums and ground rents as they felt due.
<br />Sortower retell pay io Lender an}' amount necessan' to make up the deticicncy' within 30 days cram the date native is mailed
<br />by Lender m Borrower regrxstin_e pa}mem thtr-mf.
<br />LFpoa pa}'tnettt in fuB of all stuns secured by this Mortgage, i-ender shah prompth' refund to Borrower env Funds
<br />held by Lttider. If wader paragraph l3 hereof the Propene +s said or the Property n otherwise acyutred by tender, Lender
<br />spa aPP[y, ixv later man irttmeu'iatt:`n psioi ro t%t vie of r ; ~•}" 'y of .= a~yi.:sirn~t b" l :^~tr, ~~ Fu,:is ht:cl by
<br />I.et[dtr u the time of sgplication as a crrdis agatn.t the sum..~snurtai fiy this~llortgage.
<br />3. A.i~catim ui Paynt~aes, Uoltss applicable taw pn,ides otfirrwise. ail payments received by Lender under the
<br />\`ott and paragraphs 2 attd 2lureaf shalt be applied by' Leads-[ fin: an payment of nmaunts payable to Lender by Borrower
<br />tinder paragraph 2 hetiwf, then to interest payable en the Natt, then to the principal of the Note, and then to interest and
<br />ptittapa! on any Foreleg Advances.
<br />+1. I3ms. Borrower shall Pay all tarts. asu~ssnttnts and other charges, fines and tmpasitions attr;butable to
<br />the Pmpaty'whittt may attain a ptiotiiy over this Mongage, and leasehold payments or ground rents, if any. in the mantrer
<br />provided under paragraph 2 hereof ar, i[ not peed in such irtsnner- by Harrower making payment, when dut_ dirt€:Uy to the
<br />payer dtrta'if, Borrower shat; promptly ftua;sF to Leader aPl rx?Li~YS of amounts due under [his paragraph. and in the event
<br />Barrnaver' email makt payment directly, Barrx,wtr shalt prayttpth furnish to Lender receipts evidencing stash payrntnts.
<br />Botivv-ta shall praanpily dist3sarge any 'yen Nhich has pri.'tr€*_y over this Atartgage; pmvtded, that $atmw~er shalt n t lx
<br />tegirired to diaeharge any such lien sn long ss S.,rrewtr shall egret in writing to the payvrem of the obligation s«urtd b}'
<br />sirdt item is a gunner acxptahk to Ltndet, asr shall in good faith contest such lien hy, or defend enfan~tmtnt of such fiat in,
<br />legal prnceodiags tghich operau to grevetti the enforcement of rite lien or forfeiture of the Property or any part thereof.
<br />'S. 33paa>i ~ Borrower she!! keep the rmprmemtnts now existing ar hereafter ere:-ltd on the Prop:rty ensured
<br />against Itrss by file, hanrds incltidtd witt»n the term '-tvtended coverage", a^d such other hazards as Ltttder ma~° require
<br />and in setth amounts and fay wet; periods as Lender relay rtyvire; pr.,vidrd. that Ltndtr shah not requite [fiat the amount of
<br />weclt mvetage ettetat that amount of mveragt rey~srd to pay the sums s~.urtd t`y' this Aiangage.
<br />'flu iasatrance tatzitr PTg the insuranx shall ix :lto.;zn by Batrower subjtti t. approval b}' Lender; provided,
<br />that tit appmmal s#iaif ric-x hr utireasoaa'dy w°ithtiekL All ptrmiutris oat its;«irattx pollute shall bt paid in ttre ruanner
<br />ptvv'i8ed reader paragtapti 2lterezk at, tf avu paid in su,•zi manner, be Borrower makmg pavtnent, wtttn due, d:m-tt}' to the
<br />inswantx .
<br />AB issa::itncr polcies sad rmtwals i~htrtaf shall ix in form accrpiable to Lender and shall €n, bait a standard mortgage
<br />~sitst at fain of a~ in form snxptabit a Lender. Ltndu shall have the nigh[ to M Id the policies and retrewais thereof.
<br />a~ A.,r~±~r ~-~}~ fntnisit to Lrntitt all renews iso[zces an.i al! tra-ei_pts of paid ptrntiums In the event of tor,.
<br />Burs~et >hall give prompt aotrt tat the instirst:x pries anti L~ :.,. L:c,^.-!ter nvy .;ale p;'c~-t :,f less. tf not made prompt[}
<br />by $-
<br />Us~ Larder gad Borrower ruhetwise agree in w ni€ng. insurxrtct ; r zetds steal; be apphtd to restoration or repair of
<br />ttie Property damaga't, provnddi such reuanti,ti ar repair €> e,.~~xmticaliy ttasnble and ttte security of this Aortgage is
<br />trot ttaa+dry - If such tesiar'atia,n or rtpatr ~ n,*t er;:xt+7mkath t~aifik cx :i the sr.uniy of thee M.xtgagt wattld
<br />tie iaapsired, the iasttrantY praceetts shall bt applied to the sums secutti fiy thzs Mortgage. w~~th the excess. if any, paid
<br />~ 9ortoaver- If the Property is ahaadotwd fiy B~ur.,wer. or :: l3.irrow:r 7au> u, rtsp€:,nd to Lender with€n 3tl days from the
<br />date tats is rrtaiietl ~7` Lender to Harrower the[ the inaurat'uY ;:arrtez c*tltrs tt• ststte a claim for insuraru:e benefits. Lender
<br />is at~lruimti to ixitie.-t and apply ilte insurarts ptxreeds at Ltrtdtr's opt.n^ atfiet to ratarat3-trt or repair of the Proper[}
<br />ar m Llie se®.c sa'-.nred t+y' lists l~€artgage
<br />L-~ss ~.~ y~,.t ~~ ~t,z-..,st ngrte to wratmg, s. t sus t? appl:caztta€ of nr k:reds to pnncipat shad ncu extend
<br />ar potxptxx the dose date of itx inanthi4 utstal7rsxats rtierrtd to is paragraphs ;and ' hereof os cfiangt the amount of
<br />ctxls ice- If im3er paragraph i$ her': of t~ Propem is acyutrtd by Leader, ai! right, tit:[ attd intrrtsr of Borrower
<br />is and m sm' itestiranre policies and in aitd is the prita~tds ilxzrot result ng from damage to the Property prior to the exit
<br />~ aoqu+sisoo atoll par's to Lettdtr io rht event of the srirtn stwred by eft€, Mortgage imtnadiattt}' prior to ._~:h salt ar
<br />[. ~ and ~ of Prapeeta; iet~oitls: 4'otsdeswisisms; 1Piaased limit Ile+etopittr.®ts. Berrowez
<br />sisal! kacp the Property at goad repair a~ shall not t~mmit waste ar permit tmpairn[ent or deterioration of the Property
<br />earl aha8 cmiply with the provisions of any lease if hits Aicrtgagt n ors a Itasehold. If this iiontage i4 on a unis in a
<br />otmAit~stan ~ a piantt~ emit dtvdopmen[, Barraxtrer stiaii perform all of Borzowets i+6irgarians utuler the dtclararan
<br />o[ ustreaassts rxuting or gv'vanits$ Lht condominium or planned unit deveta+prntni, the by-laws and regutatious of the
<br />omtima ~ pdanoed emit t,srxi cons-tituent sioctmttnts. ii a condominirun or pfannt3 tmn devtiopmtz,t
<br />rider is raet.5ittd by Btsrtowm atxl teaotded together wash this Mortgage, the coveaxittt end agrermtnts of such rider
<br />ah#H ire iaom}xtraaed iWO anti shag amend and s~sppltitaem tlse rovtnants gad agreements of this Mortgage as if the rider
<br />eagle a peter >sered.
<br />?, ~ at I.eaiura 3• If Borrower talk to perform t)x covaiants and agrtrments contained in this
<br />~ ts6 $ amy action ~ ptrsae~ng is txtrma~eaced vvlrclt materially affects Lender's inttrcst in the Praptn},
<br />IaN eat ~sl'at. r , fitsnh?utcy, rndt enforcement, ar arraagemeats or proceedings involving a
<br />ar docxdeet, tlsea Latdc at Lendtt'c olxion, upon notice to Borrower, may make such appeararicts, disburse such
<br />alms aid mite tattle atxioa as is notxssary to protest Lender's interest, including, but not limited to, disbursement of
<br />[ra+naable itttaary's lees affi astry ttpe., the Property to make repairs. if [,ender required mortgage insurance as a
<br />epaditiom of makitsg tM k~sn settee[! by this kiottgagt, Borrower shall pay the premiums required to maintain such
<br />its iii effax itetn7 settle tint as the requrtermat for such insurance terminates in accordance with Borrower's and
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