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79-O069a:3
<br />UxisoaM Covexexis. Borrower and Lender covenant and agree as follows'
<br />1. Payment of Principal anti inteere5t. Bottower shalt promptly pay ~rhen due the principal of and interest on the
<br />indebtedness evidenced by the Nate, prepayment and late charges as provided in the Note, and the principal of and interest
<br />ar.T Future Advances secured by !Isis Mortgage.
<br />2, Ittmds for Taea and faaarance. Sttbjec[ to applicable taw or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly itu[allments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Femds"} equal to one-twelfth of the vcariy taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premitrm installments for hazard insurance,
<br />pith oartweifih of pearly premium installments for mottgsg_ insurance, if any, all as reawnably estimated initially and from
<br />rime to lime by Lnxler on the basis of assessments and bins and reasonable estimates thereof.
<br />Tht Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />~taie agency f,~ciuding Lender if Lender is such ar. institution). Lender shalt apply the Funds to pay said taxes, assessments,
<br />itssmance ptetnituns attd ground tetra. Lender may net chaste for sa holding and applying the Funds, analyzing said account,
<br />or ~°erifying and comgiting said assessments and bills, units Leader pa}5 Borrower interest on the Funds and applicable Inw
<br />pt-emits Lender ie make such a charge. Borrower and Ltudtr may agree in writing ai the time of execution of this
<br />Mortgage that interest on the Funds shat? be paid io Borower, and unless such agreement is made or applicable Isw
<br />tequitres such iniertxt to be paid, Lender snail oat he required ro pay Harrower any interest or earnings on the Funds. lender
<br />shaIl give to Bormwtx, without charge, an annual sccouatiag of the Funds showing crediu and titbits to the Funds and the
<br />purpose for whlrh each titbit to the Fttnds was atade. The Farads are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If [~ amount of the Funds head by Lender, together with the future monthly installments of Funds payable prior to
<br />rite du darts of iaxts, assessrtsents, iM++r.,,ce premiums and ground rents, shall exceed the amount rtquitrd to pay said tares,
<br />asseatmtais, insaraace preenium< and ground rents as they fall due, such excess shall be, at $errower's option, either
<br />promptly repaid to Borrower or credited 20 Borrower on monthly instailtnents of Funds. If the amount of the Funds
<br />Itdd by Lender shall »a be str6oent to pa}' Loxes, assessments, msuratect premiums and ground rents as they fait due,
<br />Hatroarer shalt pay to Lender any amatmt ttae~ary to make up the deficiency within 30 days from the date notice is mailed
<br />b}` Leader to Bortotscr tegti~tin$ pa}'neat thrnof_
<br />Ltpoa pa}•ment in full of all stems secured b} :his Mortgage. Lender shall promptl}' refund to Borrower any Funds
<br />he}d by Lender. if under paragraph i$ hereof the Property is sold or the Property is otherwise acquired t+} Lender. Lender
<br />_ .;n P,~.n_ >,~. to mr F_>~t h,.ra by
<br />~., air. ---- -.><;f t„~ .~, t~ ° ~.. ~ .~.t~ ~:,:: ~.,..,.. ., _ ,
<br />Leads at the time of application as a ctYdit agairtst the sums secured by thts~Mortgagr.
<br />3. esf )~mtats. lirslus applicable taw pmtidtx otherwise, ail paymcots receiccd M• Ltteder under the
<br />Nate acid paragrapls 1 and 2 hereof shall M appited by Linder first in payment of amounts payable to Lender h}' Borrower
<br />ttridei paragraph 2 hereof, then ro interest payable en the Notr. then to iht prinupal of the Note, and thin to inrerrxt and
<br />ptiacipai on nay Ftsure Advances.
<br />4. Cfar~ I3tsas. $otrower snail pay all taxes assessments and other charges, fitus and impmitions attributable to
<br />the Prtt~rt} whidt luny arffiia a priority over 22tis A3ortga$e, and )eauhaid paymenu or gtnund rents, if any, in the tnanntr
<br />p*srviti'd tinder paragrsgth 2 henxif or, if ntx paid its such manner, by Sottower making pavatcnt, when dire, direcdy to the
<br />payer thereof. Botrats+tr shalt ptotapdy furnish to Linder alt not» of amounts dot under this paragraph, and in the event
<br />Botmnrr shall make patwrat directly, Bortmwer Shari promptl? famish to Lender receipts cridencing such payments.
<br />llorrowrf shalt promptly discharge any lien ~hidf has prwriq Dace this Mortgage; provided, that Botnwer shall trK be
<br />regtsxsd to discharge nap Stich }icn so long as Eatrnwtr shall agree in writing to the payment of th- obligation secured by
<br />Stich lice is a manner axeptahk to Ltsi3e r, ar sltatl in goad faith tronttst such ties by, or defend eaiotcematt of such lira i0.
<br />legal paoteeditrgs which opq•atc to prevent the cnfotrxmeni of the lien or forfeiture of the Pmpem ar am part thereof.
<br />S Baari Itaatmanw Barroaver shall keep tree inipmvemcnu now existing car hereafter accred an the Property insured
<br />a$aian kiss by ftre, hoards i~ludt>;t within the term "extended ~svcrage ~, a+id such enter hazards u Linder mar require
<br />ts>md m allele amounts and for such periods as trader may require; provided, that Lender shalt not irquirt that the amount of
<br />sxxii ontrra;e exceed that amotast of cevtragt try=itr3 to pay the sums secumi by this Mon$agt.
<br />The ;~~-^ rsrriez provadmg the insurance Shoff tie chosen 6y Borrower subject to appro.al by Lender, provided,
<br />t9a ar-1t appit<+;a1 shall >xx bt s'xly svithlieid. All premiums on irsauatut policies shall >x paid :n ttse monitor
<br />prtntieed srtocier paragaph 2 hereof err, if riot paid in stilt ntanncr, by Borrower making pa}matt, whey d:.+e. dinxtly ro the
<br />ism carrier.
<br />AB iastuaar.•e policies and tenewak thutx# shall Ix in form a~+uble to Leader and shall enclude a standard mortgage
<br />t3atne is 6+csr of aesd in friar rr:oeptahle to Lender. Lentlcr strati have the right to ixild the policies and rertcwaLs lhertof,
<br />aml ;9msatsv shalt netinioely furaah uo Lender all rerxwal notices and ail teceipi5 of paid premiums. In the esent of toss,
<br />~ r3sa?l sec €a~Fa a to the i~is.~nx:,atrier and Leaclwr. Liss tar tna}- male t cif hiss if riot mark promptly
<br />by Batratvc_
<br />Uaias leader and 13arrtrcvcr aatitrwisc agree in wt'itagg, insurarax pr~x~teds shall he app]icd to rtstoratian car repair of
<br />the Prapmty , ptctvsded Stich mtotatinn or repair is esronomically fcasihte attd the security N this Mortgage is
<br />rot try isiipaimd. if ~nraitw or repair is not eia~-vni:aAy frasihk x tf the seuurity of this Mortgage would
<br />lee iaaQaiteeii, the iagiranoc proceeds shalt he applied to the stuns soured b} tilts Mortgage, with the excess, if any, paid
<br />m Horrtttac, if the Pmpem~ is altaridtitmd by B.ur+wer, err it Siurower fails to rapand to Cruder within 30 der}s from the
<br />date s mailed tw Lender to Bartotvez that the iasuratuc ;a+ricr ~~t;rts to settle a claim for insurance txntfits, Ltrtdtr
<br />is arahoriaed ~ txitleu rind apply the iffiurance prods at Lt:ndcr's option eidser to testararon or repair of the Property
<br />tr m the alma secstred by the Idottgst•e.
<br />Urite~ Ida sari Hotttii+r~ cshrr+s isc agree to +aiitittg, a*3>. suc#s agplica[iote to prticetxh to principal chaff not extend
<br />or prmtfsaae the due dart of the tntmth-s insraltasnts rffetrrd sa in paragraphs i nerd = htueof or change the amiwnt of
<br />sarh is I# ttttdee paragaph lE hetr3f the Prnpert}' is a~tnrtd b}~ L~idtr, all righl, title ated interest of 8orrowtr
<br />is and m nay iffiurantat ptdiciea attd is ate to the proms thereof r~ultin$ from damage to the Propcr_} prior w the sate
<br />tar a shall peas to Cooties to the coral of the slims stcurtd by this ?+lurtgage imntediaiely prior to such sate err
<br />i. Psa~aatiata sN MtriaseaaoK d !_r C P7aaaed Utah 1Dcvekaptacsts. HoTrowtr
<br />ahail lsep tare Property at gciod repair and shall ~ nammit waste or permit impairttieni ar daerioration of the Proptrty
<br />sad shall tompty wsh tlx psavsitias of airy }etx if this Mortgage is on a Icaschold, if this Mortgage is an a umt ir. a
<br />t~ a piaanrxl trait deaehipairni, Bearower shall perform alS of Borrower`s obligations under the deciaratian
<br />tnveaimis uea9ag m ;cvttaing tlx caadominitan or planned unit developasent, the by-laws and rcgulatinns of the
<br />ibodett~ritim ter piaasad unit development, and totmiittrar tiocuttsents if a condotninitun or pianred unit devciopmrnt
<br />rider ~ eaats~id bq 13artntva and tecasatded togeilxr with this Mortgage, the covenants and agreements of such rider
<br />titill he imearpttramd iaws.and s3at1 amend sad sssppleittent the covena°.~ and agreements of this Mortgage as if itse rider
<br />+ua+a a Bart hraeaf.
<br />T. l4aise$an d L,sieL lietstlly. If Barivw>er fails in perform the covrnartts and agreements contained in this
<br />s~ ~ >~S scum or lxaoeedirt~ is cnmmetitxd which materially affects Lender's interest in the Prapert},
<br />Ian not lid tti, tlonta~, irsolvraiey, code entoraunam. or arrangemen# or pmcrcdings involving a
<br />bamtt•tipt tar tlatxdeat, thin Letoder ai Lender's option, upon ttotitx to Borrower, may make such appearances, disburse such
<br />sums and fate such action as ~ STS to Pnxtxt Leader's interest. indudiug, but not limited ter, disbursement of
<br />ieaaonahk atroney's Errs sad entry tgscc the Property to make repairs. If Lender required mottgage insurance as a
<br />oaadit~ ~ t the ~ settxired by thie Mortgage, Borrower shall pay the premiums txquvcd to maintain such
<br />is e~et tmh7 such time as the taluiremeat for Stich insurance terminates in axordance with Borrower's and
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