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<br />LT!vrnottat Covaxexrs. Borrower and Leader covenant and agree as follows:
<br />I. Payment of Principal atad Merest. 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 nay Future Advances secured by this Mortgage.
<br />2. Irttndq for Taws and Institance. Subject to applicable L w er to a cart?ten waiver by Lender, Borrower shall pay
<br />to lxnuer on the day monthly installments of principal and interest are payable under the Note, until the No[e is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and asscessments which ma}• attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plu. one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, at! as reasonably estimated initially snd from
<br />time to time by Linder oa the basis of assessments and hills and reasonable estimates thereof.
<br />The Fund; shalt be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency lincluding Lender if Lender is such an institution ). Lender shalt apply the Funds [o pay said taxes, assessments,
<br />insurance premiums and gtt+itttd rend. Lender may not charge for so holding sod applying the Funds, analyzing said acrnunt,
<br />or verif}ing and vrompiting said asstscmenis and buts, unless Leader pays Borrower interest on the Funds and applicable law
<br />permt¢ Leader to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest en the Funds shall 6e paid to Borrower, and unless such agtetment is made or applicable law
<br />regains such interest to bt paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt gia'e Eo Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />ptitpavt for which tech debit to the Funds :vas made. The Funds err pledged az additional security for the sums secured
<br />by this Motgage.
<br />1.° the .mount of the Funds ht}d 6y Lendtr, together with the future manthh~ installments of Funds payable prior to
<br />the due dates of races, assessment, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assesmmen¢, insurance premiums and ground rent as the} fall dur. such excess shall be, at Borrower's option, either
<br />promptly repaid io Borrower w ctedi[rd to Borrower nn monthly installments of Funds. If the amount of the Funds
<br />held by Lender shag not be stsfficieWi to pay texts, assessments, insurance premiums and ground rents as they fall due,
<br />i3oitrnyer shall pay to Lender any amount necessary a+ make up the drficienc~ within 30 days from the date notice is mailed
<br />by LC1~Cr'to BOTraR'W ICgnGSting-ga}17)[n[ tlierC`Oi.
<br />Upon paytnert[ is full of aH sums sectud b}~ this Mortgage, Lender shall promptly refund io Borrower any Funds
<br />held by Lendtr. if ttatkt paragraph 18 hertaf the Property is : ild or the Prnpert} is aiherwise acquired 6}' Lender, Lender
<br />shall apply, rro Isar than immedia;tly pritu to the sale et the Praptrty ar its acquisition by Lender, an} Funds held by
<br />Lrnder aE the titix of agplicatioa as a credit against the sums secured by this '`lortgagc.
<br />.r- +Pl~~ b`c rtitrect9a- irttess applicabk taw grovides oinrrNi;t, ail paynxnts rectivtd by Lender under trio
<br />Note snd paragraphs 1 and 2 ite[nof shall !x applied by Lendtr nrst in pa}mtnt of amounts pa}`abie to Lender b}' Borrower
<br />under paragraph '_ hereof, ihtn to mtcrest payable on the Note, then to the principal of the Note, and thee, ro ineerest and
<br />principal vtia any Faturt Advan~-ts.
<br />{. Clsastetti I.feas. Borrowe.: shall gay all taxes, assessments and other charges, one: and impositions sitributable io
<br />tix Proput}' which [say attain a priority aver this Mettgage, and leasehold paymcros or ground rent. if any, in the manner
<br />grovi3txl trader paragtapli ? Ixreof ar, rf not paid in such msnntr. by Borrower making pax•atent, when due, directly to the
<br />pa}+rs il>rraif. Botivwrr shalt pr~pti}' furnish to leader alt na;:ces of amount due under this paragraph, and in the event
<br />Borsowrs shalt make pa}xaem ditecih~, 3orrawtr sha31 prompt[} famish to Lender rexipts evidencing such paymtn¢.
<br />BntrowYt shall ptvmptly discharge nay lren which has priarin- over this Mortgage: provided, that Barrowtr shall r.at bt
<br />tegrsited w ctischarge any sub lien so brig a$ Borrawrr shall egret in wriung to the pa}trrent of the obligation secured by
<br />stseh film is a tstaarsG acceptable to Ltttder, or shall in goad faith contest such lien 6y, or deftad enforcement of such lien in,
<br />le;at Pxw'emd+n$s r'§i~ch optratt to prtvtni the tnfa~rcemeni of the lien or forfeiture of the Properly or any part thet~f.
<br />5. Hfsari 1 t3artowu shall keep the smgravements now exis::ng or hereafter ertc*td on the Property insured
<br />sgaiers loss b}' Sx'e, hazards inclisdrd within the term "cvtcnded cmrrage", ~t+d such ether haza~s as Lendtr may require
<br />and is rich aawums and far such ptriads a; Leader ma}' rzquirt; provi~d, that Lender shall not require that the amount of
<br />avk"h rovtrape rxctxd that arnouni of raverage required w gay the sums st.urtd h}' this Mortgage.
<br />Tlae usuraWce Wirier 1"rrnaiing the insurance shat! he chosen by Borrower subjtci to :ppreval by Lrnder, provided,
<br />Ehtt stscti approval shalt trot be unreasonahl} withhtkL Ail premiums on inrarancr galicits shall r+r paid in the manner
<br />provided unde[• paragraph 2 hereof or, u mx paid in su~i tnatiner, b}' Borrower :Waking paynxnt, when due, directly to the
<br />itssuraace >~.
<br />AB assir+oce poiicits and renewals thereof shall bt in farm aexptabk to Lendtr snd shall indudc a standard mottgagt
<br />tlatm at faker of and is fwm aceegtah3e to Lrnder. Lemur shall bier the right is Bold the goticies and renewals thereof.
<br />and t3atxavtsr sitali pr,nmgifi• _*urWish to Lendtr alt r~+ewal ru+ticrs and all *rctepu of psid premiums. In iht went of toss,
<br />Barsower shall give prompt notice to the insttraacc carrier next Ltndrr. ltndcr ma} matt proof of loss i[ not made prompter
<br />Ity Imo,
<br />Udta I~irkr and $t>Frtnvfr t~htizv;sr egret i. wfttag, inr,;=ate pr.~-tr ?s shat, be aQ}~lttd is iesrarario;i Lt repair of
<br />the Prrstterty damttgnd., provided such itstatatn~a or repel ss tcorx+micalh~ feasible and ttx security of tlsis Ivlortgage L
<br />non thttsb}' impaired. If rich iesitxaiian or r_pa.v is not e.onornicalt} feasible or if the ~curit}• of t>tis lviortgage would
<br />ht impaired, dse iWn=*~.>ti^p prq~ds shall ht applied to the scars sn-umd b} this Mortgage. with the excess, if any. paid
<br />to Borniwer. if the Pmgsrt}• is ahant_'iatscd h} $.iirawtr, or i; l~arawtr tai#s to r~pi~nd tc Lender within 3tl days Tram the
<br />lair xatia is tnailwi b} Lendtr to Barnwtr iltat rbt insu~n.~e earner atTtts to settle a claim fur insurance betuflis, Lender
<br />is aitthorized to twt4ect and apgi} the itistsrancc pratxeds at Lrndci s opts.+n tither to rtstora[ian nr rcpau of the Pmptrty
<br />a in tlss sstnts strtx:ed b}' [Eris idcsitgapr,
<br />Uakss I.tndrr and Bonow~rr atbrrwise agtxt to tsrstting, an} such appiuatian of prtuetds to prtnctpal shall nut extend
<br />tin pcm4iscmc the due dace of iht rn~.i~ty iastalimtnu rricrttd to sa paragraph; 1 and ~ hereof or change the amount of
<br />sat$ ins~nu. if under nataua>rh l$ Isctya f zsat Pro}rrt} 3_+ ac„larci+. bv- Lendtr, ail aght, t:tlt ar+.c5 inrprrst of Berrowtr
<br />m nett m ant msisrasax paliraes and m and is t~ grtu~'eds tlcertof resulting from damage to the Proper[} prior to thz sat
<br />tx- shall pass to ittsder 1-a tlr tzt~i? of the surm seated b}' this Martgagc imtnedisttl}' poor t: such salt ar
<br />~•
<br />~ ai 4fri~aaace tsf Prnpert}; 'Lr>c~tlrls; Costdoraeninms; Plueed iJait Dtvdopnstnts, B.irrnwtr
<br />atsali ~ tix Ptts{rrrty iW good repair and shall Was ciuatrs; wane or prrmu ittipairmrnt or deteriaratian of the Property
<br />astd shah Y w~h tlst ptmreiarss ~ airy lase si this Mosigage :s on a Icastho!d. If this lfattgage v an a unit in a
<br />coaduaaiaatm or a plassoied trait dtvrinpmtat Borrower shall perform all of Barrowtr's obligarons under the declaration
<br />r~ euveaaats crtatgrg ~ y}.n*rraing the .^ond~'*mn:iw^W or planned unit dtvek~pmtnt, the by-taws and rzgulations of the
<br />ca planned tmh deveiopmtat, znd ca'+nsriis~nt docttmenrs. If a condominium ar planned unit dtvtlopment
<br />rider s iGtecasted b9' $caaasvrr and recorded iogtthtr with thrs Mastgage, the rnvenan¢ and agreements of such rider
<br />lee iaated itto and shah amaod and supgtemrnt tine rnaenants and agrttments of dies .Mortgage as if the rider
<br />mate x part ltteeo#.
<br />7. M' iodi+"s Secarl[{- if 8orravver lai1s io perform the cevrtan[s and agrremtrts contained in this
<br />Limtg+tte. ~ ~ any action or prneeeding is cammctutd wlttc4 materially aBats Lender's itterest sn the Proptn},
<br />hot [sot 3itnited t0. emiWttW domain, insolvency, ct>!~ rnfarcrment ac arrangerncnt or proceedings involving a
<br />ha~rirpt ~ ir, thirn Lewder at Colada's opiioW, upon txxice io Barrawer, tnay make such appearanm, disburse such
<br />tatms a~ Hitt taseh tsctitm as is » io protect Lender"s imerest including. but not limited to, disbursement of
<br />tTStamabie attamry"s Etta acrd entry uptsn the Psogett}' to make repairs. if Lender required mortgage insurance as a
<br />i~ of mattag tbt town sectueal 6!v this Mortgage, liorsower shall pa}° the premiums required to maintain such
<br />itnssraatx in t$tcr tmiil such i~ as tlu requirtmwt for such insurance terminates m accordance with Borirtwer's and
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