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<br />UrrmoRnt CovartrtvTS. Barrower and Lender covenant and agree as follows:
<br />1. Payment of Pdneipal and Interest Borrower shall promptly pay when due the princigat of and interest on the
<br />indebtedness evidenced by the No[e, prepayment and late charges as provided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />Z, I<lteds far Taws sad Iasrrraaee. Subject to applicable law as to a written waiver by Lender, Borrower shatl pay
<br />to Linder on the day monthly instaliments of principal and interest arc payable under the Noto, until the Note is paid in full,
<br />a stun (herein °Funds^) equal to one-twelfth of tht years}' taxes and assessments wfiich may attain priority over this
<br />Mortgage, and ground ren8 on the Property, if any, plus ace-twelfth of yearly premium instaliments for hazard insurance.
<br />phrs oce-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bi11s and reasonable estimates thereof.
<br />Tate Funds shall be hdd in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />~trraatx premiutns and ground-rents. Lender may not charge For so hutding and applying the Funds, analyzing said account,
<br />or vtrifyitig and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Boaower and Lender may egret in writing at the !line of execution of this
<br />Mortgage that inrerest on the Funds shall be paid ro Borrower, and unless such agrrement is made or applicable law
<br />regrsires such inrerest to 6e paid, Lender shall not he required to pay Borrower am interest ar earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accaunting of the Funds showing credits and debits to the Funds and the
<br />pnr+aso for which ea:.h debit to the Funds was made. The Funds are pledged as additional srcurin' far the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, rogethzr with the future momhlc installments of Funds payable prior to
<br />the dire dates of taxes, assessments, ituurance premiums and greurtd rents, shall txcced the amount regnircd to pay' said taxes,
<br />assessrnena, insurance premiums and ground rents as they fall due, such cvicess shall bz, at Borrower's apuon, erther
<br />promptly repaid to Borrower cu credited to Barrower on manthl}• instaliments of Funds. li the amount of the Funds
<br />hdd by trader shall sot be suffiaent m peg taxes, assessments. insurance premiums and ground rents as then fall dire,
<br />Barzwer shall pay to Linder any amount necessary to make up the dzficicnc}- within 3p da}-> from tht date notice rs mailed
<br />by iwder to Borrower regulating payment there~ai.
<br />Upon paymiat in full of alt sums secured by thr Mortgage, !.ender shall promptly refund to Borrower an}' Funds
<br />htrld by Lender. If under patagz'apit t$ herrni the Propen} rs sold ar [ht Propert}' rs otherwise acgtured by Lender, Lender
<br />shtif apply, no later than immediately prior to the sale of thz Property ar its acquisition by Lender. any Funds held by
<br />Leader at the time of ap_ pli:.atutn as a ctxdii agaanst the sums secured by thrs Afattgnge.
<br />3. A}~cafion of Ftq'tatats. Unless apghcablt law pr+++idrs oth+~~+ise, all payments rrccived by Lrndrr under tht
<br />1'iote and paragraph's 1 and . hercaf shall be apphid by (.ender first m pa.mrnt of amounts payable to 1_znder by Botrowtr
<br />render paragraph '_ hereof, rhea m iatetrst payablr on the Na,tt, then to ihr principal of the Nate, and then to inures! and
<br />priut~pal txtt am Future Advanes.
<br />!. iSaeyes: L3em~ Berrowtr shall pay all [aces, asussments and ~+!hzr charges, fincx and imp.asitiorts altrtbutable tp
<br />rite Property which ttvy attain a priority over this Martgagr, and Izasehold payments or ground ants, if an}•, in the manner
<br />ptvvxied tmtkx paragraph 2 hetrn# or, if rest paid in such mannzr, by Barrower making payment, when due. drrectly to the
<br />payee thereof. Barrower shat! pttratptfy fumisrt to Lender ail naucis of ameunv due under this paragraph, and in the event
<br />Hoaza»sr shag makt payment dirxtiy, Barrower shall pmn.pily famish to Lender receipts r~idzncmg such paymrnts.
<br />8wsoaer shall promptly dis~3iarge an}' tern +xhich has priori} over this Mortgage; provided, that Barn,wtr shall rest be
<br />trarlrstt~d to discharge eery such lien so long as Barrower shall ague in writing to the payttxnt of the ak*frgatitsn st~ured 6y
<br />such hen in a manner acxrptabk to Linder, ar shall in goad faith rantcsr such 3ien hy, ar defend eniartrtttnt of such lien irt,
<br />keel pm~etdiags vitich operate to prercnt tits infnrcrmem of ebr lien ar farftiture of tht Property ar any part ihueaf.
<br />5. $acvd Iasaranie. Harrowu shall -eep tht ampravemrn[s new zxisting or htrcafter rrr.ttd on tht Property insured
<br />agaimt kue Isy free, hazards irxittdtd w~tthrn the term `rxtendrd carrragt'. and such .they hazards as lender may require
<br />and ro such amouns and for such prriads as Lender relay tryutrc; pra+ide~, that Ltndzr shall not requue that the amount of
<br />such noveragt etsY.+ed ttut amount c,f -envrragt requrrrd to pay rrhe sums sr.urrd h} thrs hfartgage.
<br />The imatrnace carrier prtwiding tht msuranY shall F+e rhai;rn by Barrower subjzct to approval h}' Lender, pmvidrd,
<br />that such apptvval s:att3 trio be unreasanabl}' u`:;thl:rJd. .411 prrm=ums :wt utsuran:e policies shalt 6t paid rn the manrtu
<br />provided uadtr paragtaptr 2 hetiof or, rf not paid is such tttanrtrr. b} Banawer making payment, when dire, dires'th to ttte
<br />aaatuaace carrier.
<br />AH itrsuraaei policies acrid Ienew a;s tlrtrraf slwl3 t, in form acreptabit to Lrndrr and Shall rnclttdt a standard mortgage
<br />clause is far~tar of sad in farm azxegtabie ra Letsdrr. Lender shat, hair the right t~F hold t}m: poiicits and renrw'a!s thereat,
<br />and Satrawtr shall psornptl}' furnish m Lrndrr all renewal tx,t„-es :nd all receipts of paid premiums. In tare event of kiss,
<br />$tttt shat; give pnsatpt rtotici to the insuran+,t rainrr sent l.ertder_ Leniir ma} malt pnn,f of loss if nest made pramptiy
<br />vy H~Mrotuv.
<br />Ut$ws Ltader and Barrower atherxrst agrri m wrttnC. imuran.e p:xrri: stall be applied to restoration ar repair of
<br />dse Prc~trrty dansaged, pt+x.idad stx:h restotatian oa repair a rccn.micaity feastb)r and tilt secutit}' of thu Mortgage xi
<br />attt intpatrzz#. it stu#r rix,tvainvn ar ixgarr n not r~or+.utu.at3} trasthic .kr rt ttx security of this 'dortgage wtwld
<br />he >mparred, rho irssuraace pn3+xids shall 6e applieai to for suttts srcursd h} taus Marignge, wuh tht excess, it any, paid
<br />trs Siaraseer. !f the Pro}rn} a ahandcstxd b} .Barr. wrr, c+: d Barrawrr tai. to rrspmd to Lender within aft days tram the
<br />date nMUx is rnatkd lr trader to Barr.,3.tr that tht ansurancr caterer ,:Rrr~ to stttlr a .lam! far r+,surancr benefits, !credit
<br />g aa~ortmd a collect and apps} xlire ;nsus-arax pr.,..eecis at Lrndrr.rpttan rttircr to restoratian or repel: of [ht Propcn}'
<br />cK m the !arms secured b}• this Martgpge..
<br />Uaieg i.trxfir znd &vroxx:r otherwise aertr xn >+ratxttE. an} sucfi application of pr•,aseds to principal shall not extend
<br />a poarpoae the doe xtare ttf tix met,-hlq instal#tnrnis refcrttd to in paragraphs I and 2 hereof nr change the amount of
<br />mesa ## safder ptiragnph 18 #rocreaf' the Propis'tx is acqutreti cry Itadtr, elf sight, title and interrat of Borrower
<br />a aai 4a ~v i»msaace pu#itaa and ua and to the proceeds thcrmi txszdtiag from damage !o the Property prior to the sak
<br />tr aprpitoiaitra shall pets ~ Lsader to tht cites[ of the sum secured by this Mangage imm~iatcly priar to such sak or
<br />..
<br />£ lhRSavaliow aai of PrepiRy; leasciaoids; t'oadoariaiiams; PiaHtstd Unit DeveMpmeag. Borrower
<br />tds$ iroep the Pttspevty in ~ repair std shall sat z;rsamit west:: ar permit ;mparrmen[ or deterioranen of the Property
<br />tad itA>~ ~Y,mply w•ah ibt provisiutms of any ~ if this Mortgage rs on : Seasihald. 3f this Morgagt is an a unit in a
<br />of a plants!! tads dc, Bsrruwer shall pet#arm al# of Borrower s ot>ligaiit+as under the de:,laration
<br />rate it~~ +~ t; tl~ ccrttdomiaitsta ar Ftratt!rttd unit deve#<ipntent, the by-laws and regulations of the
<br />smade~iaaae ar plimond im6 de~ipmerv, and constitaent dortunems_ if a condominium or planned unit development
<br />rtdet g r.dcd Ly ~ std >etnrtd~# tnget~t watt t$tis ldartgage. rltr ,:t±venants and agreerttints of such rider
<br />!drab ie ~omp~d lapin and >~ ataemd a>ad suppktnnnt the covenants aad agreiaients of this Mortgage as if the rider
<br />.teas a peat heoaa€.
<br />1_ i7aletina i Imidlr Saneq. if Sortnvrtr fails to perform the covenants sad agrremerits contained in ibis
<br />a if say srelittn rx prcmed"ptg ~ eornnrenced which materially affects Letdcr's interest in the Property,
<br />~, hnt nab d ~ esitemta domain, irnctherrey, rode m#nrcoenetrt, or arttutgemenu zu pritctedings invotvirig a
<br />dralittapt er daoedast, ~ Lnxies m Leas opaina, upon nr>tme to Barrower, may mrke such appearances, disburse such
<br />i71et tatd riles tttat~ aetlon as niczsaty to protect T..eader's inrerest, rrrcirsding, buz not limited ta, disbursement of
<br />Raaet~ie a4faasgyy's iloea and !array ttpoa the Property to make repairs, if Lender required mortgage insurance as a
<br />eosaiaran qtf ~ ffie !~ seined Fy this Mortgage, Borrower shall pay the premiurru required So maintain suth
<br />iaateaetoe io eBect imtB sarzir time as the requiremeat tar such insurance terminates in accordance with Borrower's and
<br />KSB-Form ti), Pape 2
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