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1JNiFQRM Covenetns. Borrower and Lender cavenan: and agree as follows:
<br />1. Payment of Priecipsl sad Interest. Borrower shall promptly pay when due the principal of and interest un the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Nate, and the principal of and interest
<br />cn any Future Advatrces secured by this Mortgage.
<br />2 Fends for Tszes and Lmvnnte. Subject to applicable law or to a written waiver 6y Lender, Borrower shall pay
<br />,~ to Lender on the da}' monthly installments of pnntipat and interest are payable under the Nate, until the Nate is paid in full,
<br />a stem (herein "Funds"? equal to one-twelfth of the +~eady taxes and assessments which may attain priority over this
<br />~ Mortgage. and ground rents on the Pmpenyt if any, plus one-nve!fth of yearly premium installments Ear hazard insurance,
<br />plus oite-twelfrh of yearly premium installments far mortgage insurance, if any, alt as reasonably estimated initially and from
<br />'° time to time by Lender an the basis of assessments and bills and reasonable estimates thereof.
<br />^~ The Funds shall ?t° held in an iastitudan the deposits or accounts of which are insured or guaranteed by s Federal or
<br />i state agent}° t including Tender if Lzn3cr is such an institution 1. Lender shall app+y the Funds ro pay said razes, assessments,
<br />~ insurance premiums and gmund n.nv. Lender map not charge for se holding and applying the Funds, analyzing said account,
<br />~ x verifying and compiling said assessments and bills, unless Leader pa}-s Borrower interest on the Funds and applicable law
<br />permits Lender to make such a :harge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on tF.e Funds shall he paid « Borrower, and unless such agreement is made ar applicable law
<br />segtritrs such interest tc be paid. Lender shall not kx required to pay Borrower any interest x earnings an the Funds. Lender
<br />rhea give io $arrawer, wi[lreut :harge. an annual accounting c•f the Funds shaving credits and debits to the Funds and the
<br />purpose far which each debit « the Funds was made. The Funds are pledged ac additional security for the sums secured
<br />by this Mattgage.
<br />If the amount of the Funds held M- Lender, t<?eether with the future monthly installments oI Funds payable prix t-
<br />the due dates of taxes, assesstnenu, imurance premiums and ground rents, shall exceed the amount required « pay said taxes,
<br />assestateats, itistirance prrmittms and ground rents as they fail due, su.-h excess shall be, at Borrower's option, either
<br />promptly repaid to Barn~wxr ar c,-;tlited to Banower an monthly installments of Funds- if the amount of the Funds
<br />held by Leader shall not be s„uTiciertt to pay taxes, asseccmentc, insurance premiums and ground rents as they fall due,
<br />Harrower shaA pay to Lender any amount nee~asan to make up the deficiency within ?0 days tram the date nonce is mailed
<br />by i.ender i.. B.--mower regt~sting gaymtnt thereof.
<br />Upaa payment in fukk of a!I sums secured by this Mortgage. Londe; shall nramptl?' refund to fiorrow•er an} Funds
<br />held by Ltndu. if under pazagraph 13 hereof the Prapem is sold or the Propert}' i5 otherwise acquired b}' Lender, Lender
<br />_~:>_• ~ tz~- than ;?t±tt±~-~=>it=>ttl? prix to the sale of the Prnpem' or its acquisthon b}' Lender, any Funds held 6y
<br />Leader at the time of agphcatuin as a cmdit ~satnst the sums secured by this \fongagr.
<br />3. Al!'~rtbO of Payments L~nlt>s applicable law pn>vides wherwisr, ail payments received h}' Lender under the
<br />Note and paragraphs 3 acrd _' Item f shall br ape lied h}' Lender tent in payment of amounts payabk « Lender by Barraw-er
<br />under paragraph '_ hera.f, then io interest payahfe <>n the \oiz, they, ro the principal of the Noic, and then to interest and
<br />prtitipa3 on any Future Advan.^ts. .
<br />{. I3eas. Berroxer shall pay alt taxes, 3~:,--;;meats and other chai'g~s, fines and impn>it:ons attributable to
<br />the P:nnerri• wliizh may attain a priority over thuLlangage, and leasehold payments ar ground rents, if any, in the manner
<br />provided under paragraph '_ hereof ar, if not paid in such man„er. by B+irrawYr making payment, when due, directly io the
<br />payee ihet>wf- Harrower shall aromptly furnish to Lender alt roucn of amounts due under this paragraph, acid in the went
<br />H,vtnwsr shall make payment drrecth'. Bonower shalt promptly furntsh « Lender receipts evidencing such payments.
<br />$arrow•er shall prnmptlg discharge an}' lten ++hich has preoriri' over this Aiangage; provided, that Borrower shall no[ be
<br />trgttit'ed to discharge any suite lien sa long as Berrowtr shall agrtt in wetting « rht pa?mem of the obhgstion secured by
<br />sucL ties in a meaner a~ptalxle « Lender, ar shall in geed faith contest such lien by. cr defen,i entan~tment of such lien :n,
<br />kgai pra^eedirigs which aperatt « greveat the enfon-tment of the lieai or forfeuure of the Prapeny or an? part therrof-
<br />S. Smrd s~°'"" &rraw~tr shall keep the tmprovtntents non e>i,[eng or hereafter exerted an the Propent• insured
<br />agatiati Itxs by fire, hautds inrludtd within the term -'e>tended coverage'. and such other harardc as Lender may ttgmrt
<br />amt m tin-Ii ainc>unrs and for su.°ki periods as Linder may require; peavided, :hat Lcn.iex shall n<'*t rzgwre that the amount of
<br />taa-h vz~>^e_*~cgre exccea that amoartt of coverage required « pay the sums sr.u;rd b? tF:ts Al.~-tgage.
<br />The tnsurance carrier providing ilie insurance shall be chosen by Barrawer suhftci :a appro•'al h+ Lender, pmcided,
<br />that such approvaP shall nfit ht unressanably withheld. .311 prtm:ums an insurance pnlina shal3 be ,yid :n the manner
<br />pravtdad under paragraph 2 hera'w ar, ;f rn:t paid ir. suv_h manatr, M B<irma~er maktng pa}rient. when..dut, dirr:.Uy to tfie
<br />imairatict catrier-
<br />A13 insurance galrcits and rnoe>+als ihera~f shall i+e in farm acxptahle to 1-lode; and shskl mdudt a standard mangagt
<br />clause is favor . f and in farm arctptabk to Tender. Linder ,h:il] t:avz the right to hall the g.>licies and renew'aIs thereof.
<br />sad $txt»wer'shaii promg~h~ #uraisli to Tender ail rrseral nxiices and all rereipts „f paid premium>. !n the e+ent of lass,
<br />Hatr'aau shall give grzmpt notice to the insurance carntr and Tender. under ma? make pr. f of k«ss et not ,ado pxs_mpily
<br />by' BaRUw~er
<br />Unless Larder and Bonawtt athrtvist agree in wnt;ng, insurance practeds s*s=k1 tk xpplit~ to rr>toruiiun or repair of
<br />the Pzopem' damaged. gravdtd such resiarair.•+n ar repo:r is tc<*:iomrcail} iess;i:ie and the srcunt> ni then Mangage :,
<br />net tiierehiy iruFFatred. If s>kh nrstxauon or repay is r..,t e.'nn:>tnt.al!} tcaiit,le or et the stcuru+ ct rhea !+tongage would
<br />It impaired, ire tastrraaice gro,,-pis shall be apelied =<~ Lhz sums sec.urri 1+} [hu '.lorgagt. aeth the uCtsi. if any'. peed
<br />to Hatrortr- li tbt Prapem n abaa3one>i b+ B. rm~wct..+r et Banowtt iai,s to rcgond to l.rreder w.thra Std days tram the
<br />date aaxiac is mailed bi Ltndu u, Bavrow~ts tF.at tfte :nsurancr carrier often to stttlt a cfaem fnr m,urance htnefin, l.endtr
<br />is autlroritrxl Ia :~rila~r and apply the snsurancc praertvis ~ Leader's opnou tither to its:orauon or repair of vie Prnpem
<br />o r s.~ ilx st€tns s~-uzrd by this !~artgrgt.
<br />links Ixn+•ks and Borrawtr utkz•wise agtrt to wnring. an} su.i? application of pn~-eeds to prncipal +.hal: not e=-tend
<br />c+r portptmt the due dart of rlx mcetrhly mnatlrtaeets referrei in in paragraphs i and ~ lirreo2 or ~hangt the amount e,f
<br />stis~r rnstaltmetits if ;eider paragraph 1S huaof ibt Proptn+ is acquurl b? Lender. all riglti, utle and interne of Barrowtr
<br />in sad to any iresw"anx p+alicies and in arnl « tYir pr;ri:ez:ds therYC:I resuhing from damage « the Prapen? pror to the sa;r
<br />ear atgrtisixiL~n abatl pass to i.eridti ra the txatnt .a [he autos sz;ured n? this Mortgage tmmediattly prior t~~ sucfi >ak o;
<br />acquartmri.
<br />6. Ptnea+at~Soa and Maine of ?rope*ty: Leasriwlds; Coadomitaium~ Planned L'asi t3evekipraeats. B.,rro•+cr
<br />shall keep t'he Property in good rtgair and shall not commit waste ar pernit: impairment or deterioration of the Pragrn?
<br />a~ stra8 ccc>tag}y with ihr pravisintu of any 3ease ii this Mortgage is oa a leaseholcT ti ttris Mortgage is en a unit in a
<br />ium ar a planned trait deveitspmeat. Banower shall perforri elk ~vf Bara,wers obhgat,uts under the dtclarauon
<br />ae covenattu ~eatirig or govaaing the candamioium ar planned unit development. the by-laws and regulations of the
<br />nimm err planner iinir dc~zicpmz.~~a„ -.v,.s' ~.;,stit:ant d n-umtnts. if a =_n_taminie<„ or pi;•nned :mu .le,rlnpment
<br />rjylrrr is eanttrted !rj Httirowes' and tccar~ together u~~th this kiongage, the•~cavena.nts ;end agreemcm+ .,1 such rider
<br />sluEi be ituorparsted into and shall amend an3 suppktnent the co+enanu and agreements irf this Mortgage as of the rides
<br />was a pact 4rerent.
<br />~, Tsatee'dea df /.etaids Sieya'ffile, If Harrower fails to perform the covenants and agreenxnu contained in this
<br />yfmigsge, ix if ffiy actiam ar proaedirig is c.Dnirnented which materiall}' a.R'ects tender's mterest in the Pragtny.
<br />including, bra nrrt limited to, etaitieat dotaaia, insolvency, code eniorcerrient, ar arrangements or proceedings im•olving a
<br />bankrupt oz decedntt. rhea Lender at Irndnr's option, upon notice « Sorrvwrr, may make such appearances, disburse such
<br />seems atur take atreh ac~an as is aucssary to protect Lenders ineerest :rcluding, but not limited to, disbursement c,f
<br />sessooahle atirxney's fta sad tarry ttptir, the Progeny to make repair<_. if Tender required mortgage insurance as a
<br />canditimm of making the loan secured by this Mortgage, Borrourr shall pay the premiums required « maintain such
<br />insurance is e$ect until suds time as the rogtiuetneat for such insurance terminates in accordance with Barri,wer's and
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