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<br />Uxgattti Cov~xzxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PtinciPai and Intetrst. Borrower shall promptly pay when due the principal of and 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 Fuiure Advances sectued b}' this Mortgage.
<br />t~ 2. )tom for Ttaes and itssneaoce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />[o Leader on the day monthly installments of principal and interest are payable under the No[e, until the Note is paid in full,
<br />a~ a sima {hettin "Foods^) equal mone-twelfth of the gentle taxes and assessments which may 2ttain priority over this
<br />!"j Mortgage, and grotmd rents on the Fmperry, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus oao-twtlfth of yearly premhmt installments fnr mortgage insurance, if any, all as reasonably estimated initially and from
<br />Mme fa time by Ixnder on the basis of assessments and bills and reasonable estimates thereof.
<br />The Farads shslt be held in an inszitutian the deposit, er accounts of which are insuretf or guaraate~f by a Federal or
<br />t stale agency findttding Lender if Lender is such an institution]. Lender shall apply the Funds to pay sai3 razes, assessments,
<br />itssuraace premiums and ground rents. Lender may not charge for so holding and sppl}-ing the Funds, analyzing said account,
<br />~; or verifying and compiling said assessments and bills, unless Lender pa}s Borrower interest on the Funds and applicable law
<br />pex'[nits Lettder io make such a charge. Borrower and Lender may agree in writing at the time of eenution of this
<br />Mortgage that interact on the Funds shall l+e paid to 8sirrowtc. and unless such agrcement is made or applicable law
<br />t~ttires sitdt interest to be paid, Leader shall not be required to pay 8ormwer any imcrest or earnings en the Funds. Lender
<br />snail give to 9arrowrr, without charge, an annual axaunting of the Funds showing credits and debits to the Funds and the
<br />' purpose for which each debit [a the Funds was made- The Funds are pledged as additions] snurih~ far the sums snored
<br />6y ilfis Mortgage.
<br />IS ttu amount of the Funds held by Lender, together with the future monthly installmems of Funds payable prior to
<br />the due dates of races, assessmmts, insurance premiums and ground rents, shall atcced the strvount required to pay said taxes.
<br />asszsmmeats, inssnatta prrcmiums and gmunci rents as they fall due, stn h tunas shall 6e. st Borrower's option, either
<br />prompt]}' repaid is $arrowrs or credited to BanVweI oa monthy installments of Funds. if i_hr amauni of the Funds
<br />add by i.eadrr shall oat be sttl5sxnt ie pay razes. assessments, insurance premiums and ground rents az they ta33 due,
<br />Borrower shall pay m Lender any' amount nnessan- to make up the delScieac} within :tl days from the date notice is mailed
<br />by Leader ra Borrower reeuesting paymen: theresif.
<br />Upon pa}gnent in ft.~ll of ail sums secured by this Mortgage, Le,•tdre shall eramptly refund to Battower am' Funds
<br />lidd by Lender. If under paragraph Ig hereof the Property x sold or the Propei't} a otherwise acgwred . ~' Lender. lender
<br />shaIl apply, as late rhea immediately prior to tfte sale ~ f tare Property es its acquisinan 6y Lender, an} Funds held by
<br />Trader at the time a! application as a cred;i against the sums snored by thu \tangagr.
<br />3. Apptieadoa of Prp'aeais. Unless appii~bk law provides otherwise. all pa}mcnts rrceivcd ba tender under the
<br />Nau sad paragraphs l a~ 2 hdxaf shal3 Z,e apptted b}. Linder lirss m pa}mrnt of amounts payable io Lender by B.irrow ec
<br />under paragraph '_ hetvrof, then to interest payable nn the Note. then to the prisxipal of the Note, and tltrn to interest and
<br />prindpat oa any Furore Advances.
<br />#. C I3eas Borrower shat] ps}~ all lazes, assessments and other charges, fitter and :mpositians attrel+utabk to
<br />tic Pttipetry wisich rosy attain a paiacisy over this !l4ettgakse. and leasehold pa}tuents ar grotutd rents. if any, in the manner
<br />ptx~idtxi under paragraph 2 heroof or. of not pod ;a stilt manner, by 8;irrowu making pa}inent, wifen dtte. directly to rife
<br />i#S'ce thttwf. Borrowxa shall pr~sptly fu*nish ua Lendu al3 not,t~s of amouais dtx under this paragraph. and is the went
<br />Btutotver shall make payment dirnt3}. ll:irrowcr shag pmmp*ly famish to Lender rereipis rvidetumg such payn,enty.
<br />Botrow+er waif pmmpsic slisubarge ant next whx-it has pnorin over this hiartgage: pmvidrd, that Barnowex shall na€ be
<br />regitis>a] to d=achmrge any welt lion so iar~g as Borrower shall agrce in wnttng to the payment of the obligation se:::red by
<br />salon htzt is a tnaaaer aaxptabie to Linder, ar sf+sll m good faith srontes[ such lien lay, or defend enfommens of su:h Nett tn,
<br />itatfi ptoceedttffis which aperatt ts, grtvxnt the entoracment of the lien of forfei[tue of the Property at any past tlterra,f.
<br />S. Haaoatd Ghee. Borra,ser shall kt+cp the improvements now eaisti.,g ~ hereafter erresed on tlx Propers} mxured
<br />agar Iosi b}' fire, Isa7ards irrcliaded wtthin the tc.-ttt ""tateitded average", and such other hazards a_s Lender may regmre
<br />and ra atts,sanu atxl fc~ loan pr:iods as Leix3c .ma} rrquirr; pn,ridrd, that Lender shat? not require that the am.>unt >f
<br />sash wv'erage ex~Y+ed [fat aavtwnt , f :a'v'erage requred io pay the sums secured by ihts Mortgage.
<br />The ursttraoce :artier pmvidieg the utstuaatt shall br chosen by Borrowts subject to approval b}' under, pmvtded,
<br />than tac.4 appzaval siaa8 ax be •+P+,"u ani'sly withheld. Ail Qsreirtitrms rx± insurance polictes shall M pai.i :n the manner
<br />p~fdod uteder paralfnph . lreroof ar, if not pod in such tnannrs. b} Bom wet making pa}trxnt, when dtx, dimity to the
<br />e _
<br />A8 ~,s,+.w~.,-r palxiex amf trarwak thereof shalt ttt is farm s~Yptattic to Limier and shall tnciudc a standard mortgage
<br />clstise is #tvor :si utd in fea8t a~sabie to Letxtcr London shall have the r~hi to h:aM the policies and mifrwah t}trreof.
<br />anti ~oa'tC-~ sitaii psxtt9pri}' furtusb u+ Lratirr iii renrwai rrot.-ss inn' iii rt~ip2s .ai p«id pa~tiru ~. ir, [he ~ -~-.:,f .~.`ss.
<br />Bnrro~ta shalt gm prtmipa ttnnu to the iasur-aact carrtrr xtn3 Lender. Leader ma} make pr. of of loss if nt+t made ~pramltti}
<br />b}' Sexraerot.
<br />Ualsat Lexade- sad Bnan~+wrt iYlfefwis[ aper in unnag. iisurance psa'ceds siiali be appticl to rrs[atation ar repair of
<br />the Prcapcty 3smspad, patvvtded €uafi rtstantw~a ar trwr :s ci~ona,mkatiy frast$ir and the secunry of this Mortgage is
<br />not rlfceby tarapatte.+d i# such testaratiaut ai re}varr si m,t cctnamtcall} irzwalr , r ti slxe serum} of thts Nongagc would
<br />ire aarpmirsd, rlx rrssura>icr praxats abalt be apt~ted to the suau secured l?v this ~longage. with rite excess, if any, patd
<br />as iBMroertr. ii the Propem~ n ahandoxei b} $v,rn*arr..,r ,f Sonow'er farts is respond to Lrndcr wiilam 30 days from the
<br />daM aoii.'t is tnaiSod by Lenrkr to Barnwer thai the rt,ittrniix cararsrr i,2ftrs t., settle a .farm foe tnsurance benefits, Lender
<br />rs aaohtmmd ~. otillecz and apply the trsuransz prttueds a[ lsndrr's option other ra reuorauon er repair of the Property
<br />x ~ rho [aims secured "by this Mangagz.
<br />Ua~ Lender and Borrower others ice '+ltce cn w:ittog. any such application of practeds to priacapai vital] ncx c+tend
<br />ar pr>etpaoe the due dale of tht moatisly iastalimtnu trfrrred i:j in paragraphs t and .heirs+f os change the amount of
<br />speh isisialimeau.. If fmrirl patagraplt 1B hern~f the Prop~ert}' a acymred by Lrndrr. all nght, title and interest ai 8onawer
<br />is sad iu ss~ iffitzrao.Y policies and in and to the pra'•.~i thttenf resutzing Irani damage to the Propert} prior to the salt
<br />r~ atatpeisinoa snail pass to Landts to the extent i the sttitu, stcural b}' tiin Afongage immediately prior to such safe ar
<br />i. Pterrsa~ra ad 11fsi at proper[}: I.ettxz0oidt4 Coedeminiam~ Planned Unit Deveinpments. Borrower
<br />anal] Itar>It rise Ptopeute is Bond r and sitafB not coma=mot waste ar permit impairtaent or determration of the Property
<br />and shrla ~y e~ the paovisiams ~ any lease if this Mortgage is on a leasehol3 if this Mortgage is on a unit in a
<br />raado~ittm tv a planned unit devets'+ptntat. Bamowu shall perform all of 8rxmwer's olaitganans under she declaration
<br />~ r c=t-at~~g ar s_~~ ±i~ ,^tst~+naur~ or planned unit devclapmen~ [he by-Saws and regulasionn of the
<br />tfiim ~ planned unit dntent, and eonstiturn[ documents. ]f a condominium or planned amt development
<br />rides %s end by Bortoa*er sad tecortled ta*geilfrt ws111 tlnrs Mztttgagt:, the covenants and agreeatents of such rider
<br />chstB be inaotpn¢amd lino and shah atneatd anti supplraxnt the covenants and agreenteats of this Mortgage as if the rides
<br />vseas a past ~eradf.
<br />7. IrratlerBs~ ~ LauTrrta 7. i# Barrovver faits to perform tlae txivettants sad agrcements camained in this
<br />tt if nap aim tx paoteaditig h ~aienccd which materially a$eets Lendei s interest in rite Property,
<br />i+a. ittn not limited ta, tmiaeai titrmaitf, insolweiic}', code eaforceat;nt, rx arraagemenu or proceedings involving a
<br />htmtxttpt ar dtxtt~eat, tixn Lender at leader's option, upon natitt to Bonawrr, may make such appearances, disburse such
<br />stte~ and take sneh titer ies g neccssaty w protect teadeis interest, including. but not limited to, disbursement of
<br />tCatonaMe attottxy's thin a~ catty uptxt the Property is make repairs. If lxmter inquired mortgage insurance as a
<br />eondi~aa u# making the loan scooted by this Mortgage, Borsower shall pay the premiums regwred to maintain such
<br />in effect tmtii stroll lime ~ the troquiremem for such i~ursac-e terminates in accordance with Borrowers and
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