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Uxreotut COVHNANTS. Borrower and Lender covenant and agree as fotlows:
<br />1. Payment of Principal and Interest. Borrower shalt promptly pay when due the principal of and interest on iht
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Nott, and the principal of and intertst
<br />~~ an any Future Advances secured by this Mortgage.
<br />2, Fonds for Tales and Iasteranee. Subject to applcab!e law or to a written waiver 6y Lender, Bortaw'tr shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nate is paid in full.
<br />a sttm (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />~ Mortgage, and ground rents on the Pmpetty, if any, plus one-twelfth of }•early premium installments fox hazard insurance,
<br />plus one-twelfth of yearly gt'emium installments far mortgage insurance, if any, all as reasonably estimated initially and from
<br />-f nine to time by Leader an the basis of assessments and bills and :easanable estimates thereof.
<br />t The Funds shall be held in an institution the deposits er accounts of which are insured or guaranteed by a Federal or
<br />~ state agency (including Lender if Lender is such an instituYan). Lender shall apply the Funds to pay said taxes, asses=ments.
<br />"` rasurance premiums and ground rents. Lender may not charge for sa holding and applying the Funds, analyzing said account,
<br />or verih•iag and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lendtr to make such a charge. Borrower and Lendzr may agree in writing at the time of execution of this
<br />Mertgagt that interest en the Funds shall be paid to Barmwer. and unless such agreement is made ar applicable taw•
<br />roquirts such imeresi fa be paid, Lendtr shall not be required to pa}• Borrawer any interest or earnings on the Funds. Lander
<br />shaIl give to Barrewtr, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pttrpvue !or which each dtbii to the Funds was made. The Funds are pledged as additional security fox tfie sums secured
<br />h}• 2hes Aiortgagt.
<br />Lr the amount of the Fiords held by Lender, together with the funrre monthly installments of Funds payable poor to
<br />the due date of [aces, assessments, insurance premiums and gmund rents, shall exceed the amount required to gay said taxes.
<br />assessmenn. insurancA premiums and ground erns as the}' fal9 due, such excess shall be, at Borrower's option, either
<br />promgiiy repaid to $arrowts ar credited to Borrower an monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall ant be sufficient to gay taxes, assessments, insurance premiums and ground rents as [hey fall due,
<br />Barrowu shall pa}' to Lender any amount ne.-essarv- to make up the dtficienec within 30 days from the date notice is mailed
<br />by Lrndu A~ Borrawu rrcluestiag na}'ment thereof.
<br />Upaa pa}tntns [n full of all sums se.:uttd by this hixtgage. Lender shall prampth refund to Bormwtr any Funds
<br />htki by Ltndtr. If uttdtr paragraph IS hereof the Praptrt} is sold or the Pmptrty is otberw•ise acqurttd h}' Lender, Lender
<br />shall apply, no later than imnxdiatel}' prier m the sale of the Praptm' or its acquisition by Lender. any Funds hel3 by
<br />i at iM a ai tie i.f ap't'i uw .== a; ~+tdit abai.°.;t t?':~ ~~n;s ~ urri ht~ chic ~U+?n~agti_
<br />3. Application od Payments. Unless appbtable law' provides otherwise, all payments received 6y L.tndcr under the
<br />Nate and paragraphs i and 2 hrstaf shall he apphtd b}' Lendtr first in pa}mtnt of amounts payable to Lender b}• Borrawer
<br />trarkr paragraph '_ hereof, then to mttrest payable on the Note. tfien to the principal of the Nott, and then to interest and
<br />~riacipai an any Future Advances.
<br />3. Chasgnq I..ieas. Borrower shall pa}' ail tarts. as:~ments and ether charges_ fines and impasitiotts attributable to
<br />the Praptriy which may attain a priori[}- over this \lortgage, and leasehold payments or ground rents, if am', in the manner
<br />grrn~ided larder paragraph 2 her'taf or, if net paid in such manner. by )~.rrower making pa}inent, when due, directlt to the
<br />pavx tha~ot_ $orrovttr shall promptly furrtisls w Leader all noticz_c of amounss due urtdtr this paragraph, nerd in the want
<br />Sar,aw;r mall make }meat rlirectl}~. Borrower shall promptly furnish is Lender receipts evidencing such payments.
<br />Bormwtr shat' promptly discharge any Ixu which has pnarny o.u this Mortgage: provided, that Barrowtr shall tint be
<br />regtnted tea dia~i+>rgt any such lire, so tang as Borrawer shall agree in writing to the paymtm at the obligation secured b}'
<br />sra-b lien in a manner a.-.ceptabie to Lander, v shall is gaud faith conitst su:h lien h}•, or 3efend trfercemtm of s.sch lien in,
<br />}opal ptv,•routings w°hich operate to pervert[ the tntorcemtm of the lien ar farfevure ai the Property or an} pats thereof.
<br />5. ]3aaKtef fs~euee. Borrower shalt keep the improvements now txisttng ar hereafter tr~:ttd en the Property insured
<br />agaittet lass by fit[', haratds included within the te,-an "tctended cavtrage", and such athtr hazards as L ender may rtquxe
<br />attd io larch amounts and tar such ptriads as Lc^dtr may require; provided. that Lender shall an[ rtquirc that the amount of
<br />such ixiverage es.'eed Shat amount of c•ivtrage rtquirtd io pa}' the sums sr~ured M this Alnrtgage.
<br />The iasurrtax carrier providing the insurarr~t shall be chaser by Borrewtr subject io agpraval M' Lendtr: pravidtd,
<br />that a""t+ sppraral shall not be ,+~r•~ '+nah?}• withheld. All premiums on insurance p~'v:tcits :hal: t+z raid in the manner
<br />prova~etl tt~.r paragraph 2 htxea~t or, if not paid in such tttan>xr, by Borrawer making payment, whtr. Sue, direcd}' is the
<br />..rr ~.
<br />'~' A~ ffi57}TtDC2 padtCrts Sna ri'newal3 t]}G1ePf Shall bt 1^- farm aCl'tp1367t to L2n:f:I and i153t1 ]n.'l Eidt ii itan~t31'tj marljf'ag+`
<br />a~suae ist foyer of and is fors ac egtnhle to L.endrr_ tender sha31 ftaye the right t., hard the ~ licies and rznewa{s thutof.
<br />and Borsowtr shalt promptly fnraish i<i L•ettdcr all rtntwal eructs and all rzL~eipts of paid premiums. In the event of I~ss,
<br />Btuiowtr shall give ~omat notice to the insurance carrier a.*rd Lendtr. Lendtr ma} make gnat of lass if not mad[ promptly
<br />`sy' 13av:avt~.
<br />Uakas Leadu and Borrawer ether rise agrc~ in writing, insurance pea a-ctds shall bt apphtd to rtsutratian or repair of
<br />the Property damaged. provided stub restaranan cr repair is tconamicaii} ftasiblt and the securit} of this Mortgage i>
<br />tuu ihtaeb}' itnpairtxl. If such restorati +n or repair is not acnn.?micail} Irasshlt or tt the st.-urin of this Mortgage would
<br />6e imgairt3, t'ne ittwrrante practeds shall be applied to the sums stcurtd h} rhrs Al.vtCagt, with the tcttss, if any, paid
<br />m Borrawer, li the Properr} » abandoned h} Bairrowu, er it B.~rri+wtr rat{> t,, respond to Lendtr within 3tl days tenor the
<br />date aatiu is mailod b}' Ltndtr in Sarrowtr that the insutanct earner nr?tn t ± statlr a claim fns tnsuranct btntfits, Ltndtr
<br />is atttltnrimd ra csllaet acrd apply the instuance pttx~ds ar Ltndefs opt~an other tr. restarstion ar repair of the Pnpert}
<br />ar is the sums scriu'ed by this Mongagt.
<br />Unless Le»cSrr and Borrawer at7:tnviss agr~ to a-riting, an} such appli~:ais•as: r-f prx-e~s to pnnc:pal shall oat extend
<br />car Lhc due date of the monthly installtntnts rtftrrcd to in garagnphs 1 and ~ }tereof or cbangt the amount at
<br />s[~t itrsratltttents. !f uttt~r paragraph 1& ha-ref iht Praptrt} rs acqutreil ri} Lertdtt, nit right, title and mtetYSt of Harrower
<br />itr sad w soy ias;uark.tt gafiacs aas° in and m the gnxtttds thtreot rr ulung from damaet to the Proper[; prior to the sale
<br />or acquisiuoa shorn pass to Ltndtr 1n the txttnt a?f the sums st:.ured M this Mortgage ,mnxdiattly poor to sueh salt or
<br />>~.
<br />~, p}pa yd ~ rd Property; Lease6alds, Coadomiaiaarr Planned Urn UevelopmeaLS Borrower
<br />shall keep the PrasQerty m goad repair attd s2taU oat commit waste or permit tmpaitattm ar deterioration of the Property
<br />a~ shal3 ,rnmgdy with the pravisiom a~f an}• lease if this Mottgagc is on a ]tasthald. if this Mortgage is on a Unix in a
<br />ca~mixttum ar a planned twit ikvelopmeat, Borrawer shall perform all of Borrawtr's ohLgatians under tf:e declaration
<br />~ txtvmsnts creating ar gavtxnittg t[rt. candominittm er planned unit dn•ekrpment, the by-taws and tegttlatians of the
<br />wmdorttimium or plsnatd trttit development, and cnnstitutnt documents. If a umdcminium or planned unit ilevtk,pmtm
<br />tidQ h tixurtd Isp ~•m'mws and recorded together with rir,s Mortgage. tlrc covenants a ~; agrttnterts of si:ch rider
<br />s>saB be inoarpmated iota aad shag atnrnd acrd sugplemtm the covenants and agreements of+thrs Marigage as rf the rider
<br />uxae s part heateaf.
<br />7. Peamellaa ad I.eaitt's beanidy, li Bnrraw~er fails to preform Yr'te covenants aril agretmtnts contained in this
<br />M~8aEt. or $ nay astioa ar pranxding is commenced which materially affects Lender's interest in the Prcperi}'.
<br />inettr6inly bur not limited [e, emintrtr domain, insolvency, rode enforcement or arrangements ar proceedings rnvalving a
<br />lasnkrttpn ar decedCr>t, then Lauder at Lender's option, upon troiia to Burrower, cony' make such appearances. disburse such
<br />stmrt and take attch action as is necessary to Iuotect Lender's interest, ittt-lading. but not limited to, disbursement of
<br />rtastmable attntnty's flea and entry +.pon the Property to make repairs. If Lender required mortgage insurance as a
<br />eoaditiau of making ilx loan secumd by this Mortgage. Bnnawer shall pay the premiums required to maintain such
<br />inyt;-exttt jn eHeci until such time as the requirement for such insurance terminates in accordance with Borrawer-s and
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