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ITxrFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Prladpai and Interrst. Borrower shall promptly pay when due the principal of and interest on the
<br />indtbtadness evidenced by the Note, preps}intent and late charges as provided in the Nott, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />Z. Fends for Taxes and Insurance. Subject to applicable taw or to a written waiver h}' Lender, Borrower shall pay
<br />to i.ender on the day monthly installments of principal and-interest arc payable uodcr the Note, until the Note is paid in full,
<br />a stem {herein "Funds'') tgtta] to eels-twelfth et the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents oa the Property, if aqy, plus arts-twelfth of yearly premium installments far hazard insurance,
<br />plus ottt-twelfth of yearly gremitsm installments for mortgage insurance, if any. all as reasonably estimated initially and from
<br />titers to time by Leader on the basis of assessments and h~!!s and reasonable estimates thereof.
<br />The Funds shat! be }scld in an institution the deposits or accaunu of which att insured ar guaranteed by a Federal or
<br />state agency (iacit~ing Leader if Lender is such sn institution). Ltnder shat! appl}' the Funds to pay said razes, assessments,
<br />itawratice premiums and grauad rents. Lender ma}' not charge for so balding and applying the Funds. anahzing said account,
<br />or verif}~ng and campiliag said assrsstttenis and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Ltnder m matt such a ciuirge. Borrower aqd Lender may agree in writing at the time at execution of this
<br />Mortgage that interest an the Ftmds shall be paid to Borrower, and unless such agreement is made ar applicable law
<br />ipluiaea such intemt to be paid, Lender shah teat be required to pay Harrower any interest ar catalogs oa the Funds. Lender
<br />shall give to Harttiwtr, without chargr. an annual amounting of the Funds showing credits and debits to the Funds sad the
<br />purpose far which torch debit to the Funds waz made. The Funds are pledged az additions! security for the sums secured
<br />by this /.4artgagt.
<br />If the atmwnt of the Funds held by Ltnder. together with the future monthly installments of Funds payable prior to
<br />the # dates of taxis. asssssmears. ittsttrance premiums and gn?umi rent, shall exceed the amount required to pay said razes,
<br />atcaes~etttx. i»suratux ptrntiutns and ground rents as the} fall due. su.-h rti~ess shall be, ai Barroweis option, either
<br />prompdy repaid is Borrower os rredittd to Barrvwnr on niamit!}' +nstallrnenis of Funds. If the amount of the Funds
<br />ht3d by Lender shall tsar be suffi~cat to pay razes, assessments, insurance premiums and ground rents as rhea' fall gut,
<br />Ba'.: rzarer shat: pxv to Lrrtder arts- arm?ttttt tteces+ary to mate ua the deftcieacy within 30 days from the Batt notice is mailed
<br />by Leadta' ro Batrz+w~ rcgtttscing payrttcnt iz`xrenf.
<br />{,'pot; pa}meta m full of all sterns soured by this Mangagr. Ltnder shall promptly tctuni to Borrower anv Funds
<br />held by Ltndr_. If rustler tsaragtaph 28 hereof t1>r Propene i; snid ar thr Proper} is othtmise acquired try !-ender, Lender
<br />shalt apply, x airs mapr~-znmcu z`c~;! p::a~n to 'u~~ -~ s~ t n a~ ~ ,~.,.~~ ~u is 3._.~ ut:t_;rv. by Irndrr, an) Funds held by
<br />:mater at tl'c ruse of sppliatipn az a credit against the sums stcure+ti Esy thts~\;artgage.
<br />1. a6 Prt?'wetNS- L~nkss applicable taw provides athtrvise, alt payments :cYeiv°td by Ltnder under tht
<br />`vast tad paragraphs 1 and 2 htretf shall be applied by Lendu first in pa}mtnt of amounts payable to Lender 6y Sarm•.vcr
<br />under paragraph . hettnt, thin to iattrtu payable on the Nate. ~htn to the principal at the Note, aa3 then tv. intertat and
<br />prirt.-agal as aa}' Future Adrataxs.
<br />~.. Cites: Liar.e. Bnrrawtr shall pay all taxes, asstssmenu and other cha~¢r, fines and tmprsiuans attributable in
<br />the PrW+pwty .s3sich tttay attain a ptior'uy aver this Mortgage, and leasehold pa}etaents or ground tents. if any, in the msnaer
<br />ptos-ided taadr, f 3 bets ar, if root paid is stxh manner. by Batt:wer rraakigg patmmt, when due, diteetl}` to the
<br />pasiec thereof. Borvwrx t3aall pr+oetptly furnish to Leader a!! no.ares of amounts due wader the paragraph. and in the evert
<br />Sorn~ssr wall matt pa}meat diri><il}. &?t'rowtr shall prampt!o famish n~ Lender receipts tvidtticing ssn:h pa}etxnts.
<br />Bonovarr shal+ pt+tmapit} tiiacharge say lxn w'hscia has pnor:r} aa'Er this Rforigage: provadtd, that Barmw'tr shall not be
<br />tr~tueed ~ dsscAatgt arse such ricer se long as Bcxrowt~r shall agree in writing to the pa}rnent of ihr obtigatien srcurtd by
<br />roach Len in a maaaer atta"ptable to Lender, ar shall in goad faith cogtest stx:h lien hv, or defend tnfarcetneru ai su:.ia lien ia>
<br />leial ptutxe~sts o'hich operate to prnrat the cnfarxesetai of the lien or foriciturt of tilt Praptrn ar any pan thtrtvaf.
<br />3. Basaad ltassauaasse. Borrav+tr shall karp the impmvtmtnts now tzistaag or hereaftu err, red an the Property insured
<br />agaiaefi Iw M' fire, haayrds included within the term "extended .average", and such ether hazat'ds az Lends; more require
<br />sad m assets amaum and far su:h penods as Lersdtr may rca}utre: pnvidrd, chat Ltnder shalt xt require that the amount of
<br />satyr rxrNtrrtge taxed that amauttr of :ox•Cragt trauited m pay the satin :reared b}" rhea Mortgage.
<br />The rmtsrare~-t artier pros-ie}igg tbt igsuraax snail he cMnta by Bc,rrawtt subject to approval by Lencler, provided.
<br />that staff sPPra*'al shall not lit trnrtssa€.abfy w-ithhcld. Ali ptcmiutm mt ittsuranct paliaes shall .x paid rn the manner
<br />prosyded uodcr paragraph' hereof or. if tent paid in stac2t manner, by Bottnvver mating pa)etteat, w°hcr, dire, dirceth' :o the
<br />iatactme .
<br />A5 iaatttasttx ptalscia atuf rmcxs'als therta# shall be is farm acceptable to Lender and shall iticludt s standard mortgage
<br />clau¢ is favor of seat is farm actsptatvt to Leader. Lender shaft hart the right to Bold the polkies and retmwals thereof.
<br />Va ~...~,~ ,A>,ii ;'pit'-a fw'aislt to Lender all rerxwal xwti,ts and all mctipts of paid premiums. In the resat of k?ss.
<br />Staro~ shoo} gfvt ptatsap: tootles to the ittsutarxx carrier and Lentler. Lr±+~r may make grccif of lass if oat made pramptiv'
<br />Ua&at Ltnder sad Borrawv otherwise agttx to writing, inswatsce practrds shall bt applied to rcstaratian ar repair of
<br />the Patsperty daaaaged, pmvsdtd rents restoration at trpur is exonnmi.:atl}• feasible and the security ti# this Mortgage is
<br />oat thet~y iniPaited. If ~ ttst:vati?n or atpair is not t•.;anoaticaih' feasib{t nr ii the security of this Mortgage would
<br />Ire impaitad, the iaatataaoe prw'tiais >hal3 be applied to thr sums secured b} this Mortgage. wrth thr excess, if any, paad
<br />zfl $arzrnrcr. If Ste Propem- ~ abanda~d b} Borrower, or if Borrower fails to respond to Lender within 30 da}'s from the
<br />doer at#set ib mailed 1sy Leader to Borrawu that the itastt:,tna carrier oSets to stork a claim #ot insutattcc benefits, Lender
<br />g a:Rhat~d to tatillett and apply the insusatw^c praoeeds at Lttsdtr's apcan tither to restoration or repair of the Property
<br />at m the wins sectored by the Mtutgage.
<br />l;des Lam' a~ ~tovr" ni.~~ise air tit witting. art} such application of arocaeds to principal shat! not extend
<br />ar paeprne the due also of the ttumtiily installments rtfetxed to in paragraphs i and ?hereof or change the amount of
<br />taa~ ice. If tmdex ~ 1$ itestaf Ilac Praperr} is acquutd 'by Lender, all right, title and interest at $orro+ver
<br />is and w any iastaraace policies sad is and to the paa.-ceds themsf resulting from damage to the Proper} prior to the sale
<br />or atxlsisition shall pass m Ltnder ~~ the txt[ar of list sums securtA by ihi; Mortgage immediately prior to such sale ar
<br />;, $ aatti ~ ~ Fropet5; Imo; Catsdominiems: Pheaxd Unit Destloptneats Btrtrawcr
<br />anal! keep dsc Pr~aty ~ gong tepstir and shall oat commit waste or permit impairment ar deterioration of the Propert}'
<br />sad trhall oareply e'uh stet pt'a^'>~s of any lease if rhea Mortgage h nn a leasehold. if this Slangage is on a unit to a
<br />cmda~sm ar : pLrtaed tffiir dtwelopmtnt_ Bnrraw~ shah perfaitn all of Borrower's obligatixts under the detlaratinn
<br />.nr CtM1'Eniflta W gtYlCraing the candamitaitan or planned unit devtlapment, the by-laws and regulations of the
<br />tatsdeaea m piattacd reels develo}aatttt, and cottsritutm documents. 3f a condominium ar piaaptd t,nit devtlnpmtrt
<br />rider is ssagnptl by $estoo+u sad rta'xrrded tagtihtr oath rhos Mortgage, the covenants and agreements of such rider
<br />shaft he iacerporated tarn stag shag amend sad ssspfdttmtnt ttx coveganta oriel agreements of this Mortgage as if the rider
<br />was a port hmaaf.
<br />7. 114tatettlsat n( [tJtiec"a Stxaify. If 8atrasver fails to perform the covenants and agreements contained in this
<br />is ~ ~, ;rt~a ~ ptttwetli~ is txxartientxd which materially a$uts Ltndcr's interest in the Property,
<br />'}~ toy li;ad~ to, aniatat t3amaits.sasalvtiscy, code tnforcemeni or artangemeats or proceedings involving a
<br />tor' dtxed®rt, thin Leader :t Leader's option, upon tsntict to Borrower, may make such appearances, disburse such
<br />arms sad tape retch action n s tsecesa>~ to prattxt Lender's interest, including, but teat limited to, disbursement of
<br />tsaattaa)~ attorney's fees and sntry upon the Property to make repairs. If Ltnder required mortgage insurance as a
<br />co~itiea, of ;tasking the Iaan accrued by this Mortgage, $etrnwer shall pay the premiums required to maintain snch
<br />i»arartee in eHtet tmtii suede time as tlx rtgturetntat for snch insurance terminates in accordance with Borraweis and
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