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<br />UxrnoaM CoveHemrs. Borrower and Lender covenant and agree as follows:
<br />2. Payment of Principal aad Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indehtstdnras evidenced by the Note, prepayment and lace charges as provided in the Note, and the principal of and interest
<br />oa any Fuftrre Advances secured by this Mortgage.
<br />2, Raids for Tatres acrd lasvtance. Subject to applicable law or to a written waiver by Lendeq Borrower shall pay
<br />to Lender on Lhe day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stun (herein "Fonds"} equal [o one-twelfth of the }'early taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insuranc0.
<br />plus otte-twelfth of yearly premium instsllments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />tune fo time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />the F.rnds shall be ]n slld in sit institution tl:z- deposits or accounts of which are insured or guaranteed by a Federsi or
<br />stair agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />itrwtsaro premitum and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account.
<br />or verif}iag arced compiling slid assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />prYmits Lender to make such a charge. Borrower and Lender may agree in writing ai the time of execution of this
<br />Mortgage that interest on the Funds shall )x paid N Borrower, and unless such agreement is made ar spplicable law
<br />requites such interest to be paid, Linder shall not 6e required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and de:,~is to the Funds and the
<br />purpose for which each debit to the Fends was made. Tie Funds are pledged as additional security for the sums secured
<br />by iris Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of tests, assessments, insurance prcmiutns and ground rents, shall exceed the amount required to pay said races,
<br />asa:.smenis, imtu-atttt gr+_miums and ground rents as they fall due, such exc~ shall be, at Borrowti s option, either
<br />pt<omptly repaid so Borrower or credited to Bor:wer on rrmnthly installtntnts of Funds. if the amount of the Funds
<br />hdd by Leader shall not be strH'iawi to pay taxes, at~s+„~~ts, inwrance premiums and ground rents u they fall due,
<br />Bortara shall pay d0 Leader aav amount necessary to make up the deficiency within 30 da}s from the date notice is mailed
<br />by Lettdez to Bcrrowa regt~ng pa}'ment thereof.
<br />Upon paymwt in full of aU sums secured by this Mortgage, Lender shall promptly refund to &rrowcr any Funds
<br />hdd by Lender, if uorkr paragraph lg hereof tltc Property is u~ld or the Pr~pert} is otherwise acquired by Lender, Lander
<br />shill apph, >m later than imtnediattly prior to the sale ci rite Yr,peny or its acquisition by Condor, env Ftr~+ds he+d ~
<br />Condor at the time of app3icatian as a cradit against the sums scouted b} this hortgage.
<br />J. Appikatiia # l:yreaa. Linltss applicable law provides othtnvise, all payments received by Lender coder :he
<br />Neae attd paragraphs l and ~ hereof shalt be applied by Linder fiat in ps}mcrt of amtwnts Payable to Lender by Harrower
<br />under paragraph 2 heroaf, then to intersst payable on the Note, then to the principal of the Nat, and then to lateral and
<br />principal ors any Ftrttue Advances.
<br />#, t~ I]eas Harrower shal3 pay all rases, assessmentz and other charges, fitxs and impositions attributable to
<br />the mil' which tray attest a Priority over this Mortgage, and leasehold payments ur ground rents, if any, in cite manner
<br />p>;tvidsd turdrr paragraph ? hexetxf ar, if not paid in such mean°r, by Borrower making payment, whin due, diraYly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all noucts of amounts dui under this paragraph, sad in the event
<br />Btttrowtr shall make pa}'meat dirtrtly, Borrawcr shall promgtly fumish to Ltttder recripu tvideticmg stash pa,~rrrents.
<br />Batr'asers shall promptly discharge any lien which has priority over this Mortgage: provided, that Borrower shall eat be
<br />to siisclfarge any str:-h lies sa lnrtg as Bar.'owtr shall agree in writing to the pa}mem of [!'e ahliga[ion secured by
<br />strh lice in a mantaer acceptable to Condor, or shall in good faith contest wch Ilan by, or defend tnfarrement of such lint in,
<br />k8~ ptateadiogs which opvatc to prevent the enfora~tmt of the lren or forfeiture of the Prapen} er any part thcrtof.
<br />i. $aang ) Barrctvxr slradl keep the improvetrxnts now exir•ing ar hereafter erected ten the Property insured
<br />a~ainu los by fine, haritds included within xhe term "extended coverage", and such pricer hazards to Lender may ttquire
<br />atxi in wch amounm and for such Prri<ids as Len.ier may requite; Prmided. that Lender shall not t,:yuirc that the amount of
<br />sum aaverage etceat'.'fiat atttouni of cnerrage required to nay the sums secured by this Mangage.
<br />T;be iffittranoe carzier providing the ion.ranzre shall be i-hosrn by Borrower subjxt m approval by Ltr+tlcr, provided,
<br />that suc3t apprm•ai slsall eat be tra:ea~atably w-i3hheld- All pterrtitrms on ussurarrcr politaes shall be pail in the rnatmer
<br />provided tinder parapaph ~ hereof ar, if not paid in such manner, by Borrowu making payttxcnt, when dui, directly to the
<br />tae tatsiar.
<br />AH iasruaotx policies and rwtw'ak thcre.~f s'liafl be at farm aa-tPtabk to Lender and shall inchide a stsndard rnangage
<br />chase nu furor ~ and is farm axeptable to Lander. Lender shall havti the right to ho}d the palicits and renewals thereof,
<br />aRa smell p~raapily f.ur,~ tn. l_..n.~-~ a:l t:n~~u'a3 m,ti_^:s and all : tYi~s of paw prcreinis~~n= 1n the local of loss,
<br />Bea shall gtvs prompt narict to the insurantt caritar and Lenrkr. Lander ma} make pry f of loss if tsar made promptly
<br />bry Borrrnrer.
<br />Llaipe I.eatda aced Borri,war ot}rerw=ssc agrtx in wrihng, insusanx praccYCYds shall be applied to rtsturatioa or repair of
<br />rtes Property danaagnd, prttv'ided srrdi t'GStaratK4n or repair is esnsarttically ftasiblc and the security of this ;v2angage is
<br />eat tlwtteb} imprttrod If such restoration err rt~air is not c°~~,mically ftaut+k ur if the sauruy of this Mengage wunid
<br />are imgai¢arl, the itwatraace praoeeds shall be applied to the sums secured by this Mortgage, w+th the excess, if any, paid
<br />m HctnuaTer, If the Pnoprm is abandoned b} Borr~tr. err d Burrawtr fails to iespamf to Lender within 30 da}s tram tht
<br />date latrine is toai}ad by Leander to Harrowsr that the irtsus°ance carrier alley ro seek a claim for insurance benefits, Lender
<br />is atrtlaorsmd to adbct and aPlydy the smurarix proceeds at Condor's option either t~~ restoration or repair of the Property
<br />or &a the ~ sscuted by obis ASOrtgage_
<br />[z~ l.ettdrx asd Botstrtper otittrwvz egret in w titig, any s-uv';f appli~xiatt of pro,~ds to principal snail not exiersd
<br />oa poraptme the dot da>r # the tatmthh~ itrstaiLaenrs referee-d to is paragraphs 1 attd 2 hereof err change tic amount of
<br />wd¢ inttiBmeats. if under pttisgt'aplt 1 B hpIX,f the Properri is acquired by lender, all right, tint and interest vi Borrower
<br />at and ao asy ittntrataY pdioa attd in and to the praorxds thereof ttsulting from damage m the Proptny prior to the sale
<br />tar arapae~tioe shag pees to Lett to tht estsmt ~' the sums solaced by this Mortgage immediately pricer to such sale or
<br />i, a~i 1Naiseaur.ct # PtrHperh; L Coidoarinin~ Plaa~ lid Devdop>neah. Borrower
<br />ate ~ ~ Prt~,eaty in good atxf shall riot coromit wa~c or permit iaiPairtntni or de¢erioraiiots of the Property
<br />and s2aa9 r:rsgdp with the ptovttams of any lease if this Mortgage is on a leasehold. if this Mortgage is on a unit in a
<br />tu' a planted emit dext. Brarrr,w~ shall perform all of Bartnwei s ohhgaxinns under the declaration
<br />err ce'~a3 tHI gnvernirtg [ht t:txtdomituttm or planned unit devek-+pmeni, the 6y-laws anti regulations of xht
<br />or plumed teas dexit, and coitsxiiucns slncumcros. if a candomirtitua or planned unn development
<br />tetra is raeoaNad hY Btstrowctr sad :acordai zogsthtr wrth this Mortgage, the cal'enants and agreements of such rider
<br />shin lath iapgtpa~aod inkO aced shall amend aced wppletnent the covenants and agreements of this Mortgagt as if the rider
<br />wtae a girt hmtsaf.
<br />3. Tanlac~ # isivt $tewalh. If sorrower faits to perform dac covrnants acrd agrxttents cuntaincd in this
<br />~ err ~ nay ~ procttding a tented which materially amts Candor's interest in die P,opcrty,
<br />'ism, tort cot lsaited t0. etttitxmt domain, irist~ven+ry**, rode tnforsxment, or arrangements or proceedings involving a
<br />err dtx,edeat, dxa Corder u Lwdet''s option, upon matitt to Botn~wer, tea}' make such appeararsces, disburse such
<br />tarots sad fats sstch atxs~ u is raocessary to protxt Lenderr interest, indudmg, but not limited to, disbursement of
<br />reaanittle atta®s~'s fsea aced wiry v-ari the ProPerry to make repairs. if Lender required mortgage insurance as a
<br />otmE~im of gsakatg the laaa secured by this Mortgagt, Borrawe. snail pay the premiums required to maintain such
<br />itssrtaatlKe is t~ect troth wch time as the regtrirsmexrt fear stmh instuance terminates in accordaote with Borrower's and
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