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<br />79-' ~3i~741
<br />Uxmonnt tAyENAN7S. Borrower and Lender covenant and agree as follows:
<br />I. I'aymeet of PtinrSpal attd Ltterest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by ilia Nate, prepayment and late charges as provided in the Nate, and the principal of and interest
<br />an sny Future Advances saur~ by this Mortgage.
<br />2. Feeds for Tesoro attd Iawtantt. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender as the dap monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (hexeia "Funds"} equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground t•rnts on the Properry, if any. plus oi±e-twelfth of yearly premium installments for hazard imurantt,
<br />plus Otte-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time io time by Lender oa the basis of assessments and bills and reasonable estimates thetrnf.
<br />71te Funds shall be held in an institution the 3eposiu or accounts of which are insured or guaranteed by a Federal or
<br />stale agency (indtding Lender if Lender is such an institution). Lender shall apply the Funds to pa}• said taxes, assessments,
<br />insurance pretiums and ground rents. Lender may not chargt For so holding and applying the Funds, analyzing said account,
<br />or verifying acid compiling said assessments and bi1Ls, unless Lender pays Borrower interest on ilia Funds and applicable law
<br />permits Leader to make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />Mortgage that interest on the Funds shall be paid ro Borrower, and unless such agrremrnt is made ar applicable law
<br />retJttires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give N Borrower, wdthout charge, an annual accounting of the Funds showing credits and debits to the Funds acid the
<br />purpose far which each debit W the Funds was made. 7be Funds are pledged as additional sauri[y for the sums sauced
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the dtx dates of taxes, assessments, iastrrance premiums and ground rents, shall exceed the amount inquired to pay said taxes,
<br />asssssmena, itteurance prcmiutm and ground rents as they tall due, Stich excess shall be, at Borrower's option, either
<br />prompdp repaid to Btxmwer or crodited is Borrower on monthly installments of Funds. if the amount of the Funds
<br />lull by Leedrs shalt trot be suf6aeat to pay ta~cs, assessments, insurarne premiums and ground renu as they fall due,
<br />$ortower shall pay m Lender any amount tux,:~arv ro make up ibe deficient}• within 30 da}s from the date notice is mailed
<br />by' I.etttler to Bor-rowtr regttating payment therrnf.
<br />Upon payrneat in full of all sums saurrd by this hfortgagt. Lender shall promptly refund to Sorrow~er any Funds
<br />i~ vy =_ "'_. you w~ay~ a i; ~ "" ,~:~yz°v -^.'~., u::.~R. n ~~, ,.w~„_. ,...~ f,~> i ~.~ter i r.tM
<br />shag apps), no later than immediately prior is the salt of the Property or its acquisition by Lender, any Funds held by
<br />Letxkr at flit tiau of application as a credit against the sums seared 6y this 1•fortgage.
<br />3. A;fpiieatisa of )t"ettsems. Linlesz applicable law provides otherwise, act pa}meats received by Lender under the
<br />Nate aM paragraphs 1 and 2 hereof shall be applied by Lender first in pa}'mrnt of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payab}e an the Ivae, then to the principal of tbe Nate, and then to interest and
<br />principal as a[ty Futt:re Advances.
<br />L tom, ll3rac Borxawer shall pay aB races. assessments and ether charges, fitter snd impositions attributable to
<br />the F7opexty which may atiaat a priaaity over this Mortgage, and itas+ehald payments ar ground mats, 3f am•, in the manner
<br />provided tgtder paragraph ?hereof ar, if nat paid in such msnner, by Barrowrr making paytacm, when due, directly to ttx
<br />payee thczcxtf. Bcumwer sltatl promptly furnish to Lender alt aatiaes of amouna due antler this paragraph, and in the event
<br />Bat'otret shalt snake payment dirxtl}', B~~-owcr shall promptly furnish to Leti~r rexipts evidencing such pa}•meats.
<br />8anosaG shall promptly di~nrge any lira which has prianty eter this Mortgage: proviied, that Born~wer shalt not be
<br />tamed to discharge any s[tcli lion sa long as Barraw•er shall agrce in writing m the paymrnt of the abligatian secured by
<br />atoh ~ in a mattnor acoeptabk m Iladrr, or shall in gold faith tamest such lien h}•, ar defend eafarcctrxnt of such lien ia,
<br />ltagal ptoceet~ags which operate to pretrnt six eafarcrmcnt of the lien ar forfeiture of the Propeny or any part thereof.
<br />3. 1Banti lasnatittae. Botrowtr shall keep the improtrnxrnts now ctistittg ar hereafte. erected on the Prtipeny insured
<br />ioa by Ere, hatxrds included within tltt term `east tiled coverage", and such ahu haaards as irnckr may require
<br />and ;m Such attwutvs anrJ far rich periods as Lrnder may rrquirc; Prat lilacs chat Lender shall rxu require that the amount of
<br />such mvrr~e wooed that att3ottat of a-.teragr trqutro; m pay the sums srcvred b}. slits Martga~ee.
<br />The ittsxnaeac cattier provirHsg the assurance shall be ctxisai bx t3otrower zubjax to appravat ht Leader prodded,
<br />that tsu3t spproval shag trot be unreismahty wittihdd Alf pmniums an ittsurattce p.~Iicia shall tx ,:aid in the manrter
<br />pttts7dett under patspaQe 2 txtmf ttr, d aft paid in suds manner. b}' Harrower making payment, wt~n dun, directh to the
<br />itmamcx tuber.
<br />AH iiosutaac,e ! attd reaew'a1s tltemtf shalt be is iurtn aa~ptal>le to Leader attd shalt incJitde a standard morxgage
<br />dame ~ favttt as and iB fat>s aeocptaltk to Leader. Lrnder shall hate 1<hc right to bald the GxaJicies attd rcrtcwais tlxrcof,
<br />and Baetosua s'~3 pry furt~ m Leaders all reri~tal aaLice3 attl sJ! iexipts of paid pr~rtiuitt+ la ttx rtrat a#
<br />B rdtalJ glut prantpt sorties m tlx irmaaxe carrier a.~ l.endtr_ f..eodrr ma} mske pra,af of laws LL net madt prctmpth~
<br />Ely 9art+vtrer.
<br />Utdaca Lander attd l3turo+ver otJtmtise agtor in wntuag, iitzurattm pn~abeds sJtall be applied to restortttutn ar repair ctf
<br />the tAoperty datae~t, pmttded uwtt tcata?rstnxt ar repair is axvtami;:alh feasiLdc sad t!x srctutt} of ihrs lslttrtgagc rs
<br />eat thatoby imytaited. if wc3t iestorattoa ~ repair is net ec.~tomi~-ally fusible or if the securar} a,i this ?N.~rtBagc w;tuid
<br />ice iaq+ritrd, flit tasatr+uire prarmds shalt Ere app#ic~ xo tfir sums secured by this Matiltagr. wash the erects, if any, peril
<br />ut Etxroseec. If the Ptoptrt} a aha ±^^•-+ b} H.vn-wts, :ar it Harrawu faits to rmpond to Itstdcr w:thtn 3v daYS cram the
<br />date noriix is malted by Lentkr to Hctsratvrt that titr ttssurart;ae carrier asters to settle a claim f«r in3nranCY Jtenehtz, Lrnder
<br />s aarrhoriaai to aril apply tttr tasyraaY pr.,arais at Leridrt's optiu~tn either m restaratian or report of the Proper[}
<br />m a1+ the ~ ;~v~~ad bY~ ~ lStest.~e.
<br />L}aitts Lsader azd Bar:etrrr xthe~~se agrex m +a7itirtg. any Binh apptitttion xtf pntcerds to prirtctpal nhall not evead
<br />ea ptitae the dse dam aF ilia itii>°.sthJti iostat~aesis refrrx+ed is in paragraphs 1 and '_ ixzrrt,{ or~ change ilia amount aE
<br />meb li itttder pa[aBsap#s i8 Jte[utf tltc Pr.•eperi; rs acgwted b} I,endcr, alt right, title and interest ei Harri+trer
<br />is sad m aaY° iitssaaate pcthaia trod m aril as ttte ~xwxcds thereof rexuJitag fnxn damage to the Proper[} prior to the sale
<br />oa astgtticra¢rt shat' pas to Lmdcr tar the a:tent of tEte sums secured by xhis !{ortgage tmrtsedtateh~ prior to sash sale ar
<br />E llieas•raWe ritrtl It#firp~smre s/ lr+r~lY; f:ariate$ Careletri~eieet.; Ptttraed lJtdt Detdapaeeres. Borrower
<br />~ ~ tlse t?rctpaty ~ pod repair asset titan t~ extamit wane or permit impaitmest a deterioratiar. of slit lsrapert}'
<br />aril ~ aoeaplg with tote pr4vicitttfa of any lease if thin 3dotiBagt is on a Jcasrhoid. (f tftis Aloriga$e is an a unit in a
<br />a+aadettniaiam or a pleased ttaa detctopastrtt, Boma+wr:t shall perform ail of Borrower's abligattons under tM declarauon
<br />or etnmaMs t or gswwaiDr6 the c1ri11t1lt ar planned unit develapmenx, the bylaws and regulations of the
<br />ctr platetwed tip det•e, aril cautsiaumt ditcununrz. It a candontinium or planned unit develapmtttt
<br />rider g eracuted try HarrnaKU tied ra~ttttafflad tagetltet' with this Mortgage. ttte covett2ntt aitd agrernxnts of such rider
<br />ahRU Ice iassepatded ~ aril trltrsH tttttist! sad stq+pJeaaest ttx ~+mttattts and agreements of ahis Mongagc as if xhz rider
<br />race a putt r'ereef.
<br />T. ll"aaleEller. e( L.±:ttdar! If Bott'awar faik to perfarat the r~venaats and agreements contained in this
<br />Disrt~.ye, iri• ~ arty ac#'sm ttt• ptos~diatg is :ctsaretteed wlaclt nutesially aHtxts Lrna~r's interest in stn Proper[}•,
<br />h[et net Jaeifed io, tasieeed daetsaitt, intailvency, code: enforeemeat, or arrangements or proceedings involving a
<br />baaAuapt air tlenederia. tltrn Ltmdor u Lrsxler's option, itpott antics to Borrower, may makt such appearances, disburse such
<br />sums std rate wch apim u it ifecr>°saty to protect Lender's interest, tncludirtg, but not limited ro, disbvrsemen[ of
<br />tt~ttptdie »tnosy's ftaes and ratty upon tffi Property to tttake repairs.. If Leader required taongage insurance as a
<br />caedition of msi[itt6 slit foae secetad Ir9 this Mortgage, Borrower steal! pay ilia premiums required to maintain such
<br />imtemoe in r8ect uoLl tauh time as fife r+egttireeieat ~ such insurarttt terminates in accordanrt with Borrower's raid
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