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UNIFORM Covaxa.*irs. Borrower and Lender covenant and agree as follower
<br />1. Payment of Privci'paI and latetesY: Borrower shall promptly pay when due the principal of and interest cn [he
<br />indebteGness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />Z. Wbads for Tares and Itasrrance. S~ibject to applicable law or to a w•titten waiver b}' Lendtr, Borrower shall pay
<br />io Lender en the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />s stem (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, aed grotmd rests on the Property, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />phis one-twelfth of yearly premium instalfinents for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to tittle by Lender on the basis of assessments and hills and reasonable estimates thereof.
<br />The Funds shag be held is an institution the deposits nr acmunis of which are insured or guaranteed by a Federal or
<br />stair agtitcy (including Lendtr if Under is such an iasiitutien). Leader shall apply the Funds to pat said taxis, assessme-nts,
<br />ittsttrance ptemiarns and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or vetif}~ng sad rnmpiling said assessitrents and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />perntiS Leader to make such a charge. Harrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Ilorrawer, and unless such agreement is made or applicable taw
<br />requires stint interest to be paid, Lemkr shall nai bt required ro pay Harrower any interest ar earnings on the Funds. Lendtr
<br />shag give to Borrowrr, without charge, an annual amuntii>E of the Funds shaving credits and debits to the Funds and the
<br />purpose for which each d.-bit to the Funds was made. 'the rands are pledged az additional security far the sums secured
<br />by this Mortgage.
<br />ff the amount of the Funds held by Lender, mgether with the future monthly installments of Funds payable prior to
<br />ttte dui dates of teats, asstssmena, insurance premiums and ground rents, shall exceed the amount required to pap said tares,
<br />ass~anent~ insurance prtmitims and ground rents as they fall due, such excess shall 6e, at Borrowers option, tither
<br />promgtl}• repaid to Harrower or credited to Barmver on monthly installments o£ Funds. If the amotmt of the Funds
<br />hdd by Lendtr shall not be suf5cirai to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Hotttisrtr shag pay to Lesied r any amount aecessan io make up the deficiency within 30 da}s from the date notice is mailed
<br />by Lender to Borrowv requesting payment thereof.
<br />Upon Pa}gaeof in full of all sums secured by this Mangagt, I.endcr shall promptly refond to Barn,ver any Funds
<br />he}d by Leader- If urir~r paragratph IS hereof the Praperiy is said or the Propeny is othetwist acquired by Lender, Lendtr
<br />shelf apply, do later than immediatel}' prior to the salt oT the Property nr it atquisitlan by Lender, an}' Funds held b}
<br />Luxler ai iht time of application as a credit agatust the sums secured by this Morigagt.
<br />3. A}latiatita of Prpmeafs. Unless applicabk taw pn,vides othtrvise, alt paymrnts received by Leader under [he
<br />Nair and paragraphs Z and 2 huaif shall be apphtd b} Lendtr first in payment of amounts payable to Lender by Bormver
<br />under panvgragh 2 liereaf, tlxtt is interty-t payable an the Nozt, then to the principal of the Nate, and then to interest and
<br />principal oat an}• Future Advitt>ces.
<br />A. 73ers. Batrowrr shall pay all taxes, assewntnts and other charges, fines and impositions attributable to
<br />alit Frop~ty tvha$ rasp attain a prietiry ova this Mortgage, and leasehold paymenu or ground rents, if an}•, in rite manner
<br />provided ttadrr ~ ?hereof ar, if [tot paid in such manner, by Barravu making payment, whoa dtx, directly to the
<br />pave tltttm#. Hotrowa shall gritmpth' fututsh to Leade7 ell ; oases of amounts due undo this paragraph, sad is the event
<br />}3~pcrr shall make payment direct!}, B,irmwrs shall promptly punish to Lender rettipts evidencing such pa}•nuats.
<br />Bonusvsr shag prcangtty disi-harge any licit which has pr+otny over this Mortgage; provided, that Borrower shaE; not 6e
<br />requited m dixhazgt auy web }ten x~ 7ang as Barrowu shad agree in writing to the pa}:aen. of the abliguion xcured by
<br />suet lien in a ttsanoct atxxpubJe to Lender, .~ shall in goaxl faith contest su.:h lien by, or defend enfonemtnt of such lien in,
<br />legal gtxa^oodiggs whiff operate to prevent tlx enfnrcttatni of the Jaen or forfe:turr of the Property ar any part thereof.
<br />5. Sari )Ea~ee. Horrowu shall keep the tmpmvements now existing or ttereafty ertctrd nn the Property imured
<br />agaitnt loss ley Ste, hazards included within the term 'extended :.average", and such other hazards as Lender ma}' require
<br />sad to made atttvounts and £or such periods as I-eater mac requite: pmvided, that Linder shall teat require that the amount of
<br />stroll aaverage escead that aatount of caa~tragr ,rgturcd to pay tht sums secured by this Mortgage.
<br />'line ittsutartre :artier providing the ~„s,+~^re shall be chosrn by Borrower subject to approval 6}' Lender, provided,
<br />ffiat sarh approval shall net be uarcasonably uiihheld. 411 premiums on iasuranat polities shal+ be paid in the [Wanner
<br />pet»9ded ttteder pares '~ hrreef or, i tau paid in stttih meaner, by Barrttwer mating pay'tncni, when due. dim-th to the
<br />iasmaate cur+u.
<br />A8 itimatmot polices and rtttcwals tbtrn,f shall bt is form aZ-eptabk is Ltndrr and shall include a standard mortgage
<br />thine is favor of sad in frxm aaxptablt to Ltader, ieitdu shalt have the right t~, Ixid tits policies and renewals thereof,
<br />sad B~etrowxx dull paxit~pi}y ftuaish tit Ltader all renewal wtices and ail rt,,eipu of paid premiums- In the rvtnt of lass,
<br />shah give ptxsript aot~ to the itrsuraact t~rtirt and Lendtr. Lcn=tdcr rftay make p.-~;,f r=f loss i€ not tnadr r.~..mptfy
<br />'try 8 vxxurer.
<br />Lalex Lta3du sad Htxranrr xbezwise agrtt in wrtiag, insuratxx pro •reds shall he applied to restaratian or repair of
<br />cite I*r~ogcty damaged, ptosided strch tesiorarion ar repair is ecoiu,inically ftasitue and the sa-u,~ty cf this I.lortgagt u
<br />rrtA Htetnby' idapautti. Lf such renxvatian or repau is pat t~,ntxnicall}• ftasiblc or tf the stcur,q~ of this Mortgage would
<br />bt iazgtatiral, the :_~„~~ paoceed; shall be applied to the sums secured ivy this Mortgage. with thr excess, it any. paid
<br />to )IAflYtYYI`~..i. !f !lx Propnty is abatad,ired b}' $arrx,wtr, ar if Borravtr fa+ls to respond to Lender within 30 da}•s tram rite
<br />rttit aetuoc is [sailed t} Lamer to Borrawxr that the irtwranct .:.atria of5crs to xttk a claim fax insuraatr btrutits, (ender
<br />is timd u+ tallxr a~ apgdy the insinstttr protxrais at I.tnder> apiiaa atbtr to rixta2tion ar repair a£ the Property
<br />flr ko [lac aims sxtaed Is} tins Morxgagt_
<br />13>~s 1.eadtr and Botttrwer artxr,titse spine in writing, nn} such application of protteds to pnnt+pal shall not cxttnd
<br />tx pit ttte dtic• dare ~ the man~txfy ~stalhatnu refuted to in ga_ragraphs .and _' hereof ar change t'ne amo=unt of
<br />sari imtttfartnM. If uadex' pat~tagh 1$ hereof the P7,peat}' is acqutre~t h} Iradtr, all right, tide and interest of Borrower
<br />~ and m nay itsmtzaitce polities and in and to tix prxeeds thereof resulting from damage to the Propert} prior to the sak
<br />ar ~ shag pits m I.~dtr to tote titsar of the sttats sraured b} this iiongage immediatel} prior to such sak or
<br />i P trti M~e+taroce of Piopert}; Isasehalds; Caadaaiainms; Planned Uart DesdopmeaK. Barrowcr
<br />shall Iraqi t*~c Property is gnod rr~+arr and shall not commit w•acit ar ptrrnit impairment ar deterioration of rite Property
<br />tad with tf}e provaions o£ as}' 3ease i# this le{tutgage is on a katsehakY. if this Mangage is an a unit in a
<br />~ a P trait devrl Borraver shall perform all of Bormwez's oblieations under the declaration
<br />~ t acatio~ t~ gtn+eaniag the ctmdaininnim or planned unit dn'ti,pment, the 6y-laws and mgulations a£ the
<br />+~ p#a~ll taE de.'a, sad constituent dactmt-_nti. li a cvndamirium ar planned unit :kvelopmeni
<br />tidtY is eaeet,asd by Hatr~sver std reirnded tngat„'ter with ih+s Mangagt, the covenants attd agrtemtnts of such rider
<br />~ ht iatatpt>F'~d iaRtt a~ shag aixl ~,~^_..,.r? a~•ai the ooettants atti agrttenettts of this Mortgage as if the ridu
<br />warn a part h~eaf.
<br />1. l4aiedlise uE I.aatler'h Sae>rhy. If Borrower faits to perform the tovcnants and agreemenu contained in this
<br />Atot~e., w $ nay attiua tit grootaodsag is cstmmctteed which mattviatly aBtcts Lender's i,rterest in the Propeny,
<br />bra trot iass9ed to, tmiaent damt>n. itnolverity, colt enfttrcemeot, ar arzangrmrnts or proceedings involving a
<br />haalurrpt oa tlaaedeat, thin Isx+der m L~det's option, trpaa tsoti~ to BalYOwer, may make sixh appeatanccs, disburse such
<br />>aams sad aakt a»r33 aRiwn as u netzaptiy >o grate:,[ l.citder'c iaitrest, includug, but not iimiztd [a, disbursement of
<br />Ieaaoaahle aaataey"s kes sad entry ttpe~: tbt Property m make repairs. It' Lender required mortgage insurance as a
<br />emdidam of makias tare Iwn secured by ttsis Mortgage, Bonawtr shall pay the premiums required to maintain such
<br />iaRUaate is tSvci ~tii web time as tht tequireraeat frn such instuaace terminates is accordance witty Borratwers and
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