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<br />Utvtr:oxM Covt:tvetvrs. Borrower and Lender covenant and agree as follows:
<br />I, Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness 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 />2. Ptrn~ for Taws rand Insurance. SSrbject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, unit the Note is paid in full.
<br />a sum (herein "Funds") equal iCr one-twelfth of the vtarly rases and assessments which may attain priority ever this
<br />Mortgage, and ¢romd rents nn the Propern', if am', plus one-twelfth of yearly premium insiallments for hazard insurance.
<br />plus one-twelfth of yearly premium insiallments for mortgage insurance, if any, sit as reasonably estimated initiallc and from
<br />time to time by Leader on the basis of assessments and hills and reasonable estimates thereof.
<br />The Funds shah be held in as institution the deposits or accounts of which are insured or guaran[ced h}' a Federal or
<br />suit ag~acc lindtrding Lender if Lender is such an iastimtionl. Lender shalt apply the Funds to pap .aid tales, assessments,
<br />insurance gremivms and ground rents. Lender may not charge ter so holding and applying the Funds, analyzing said acwuni.
<br />nr verifying and compiling said assessments aad bills, unless Lender pa}'s Borrower interest on the Funds and applicable law
<br />permits Ltnder to make such a charge 8orrow•er and Lender map agree in writing at the time of rzecution of this
<br />Mortgage chat inceres, on the Funds shall ht paid io Borrower. and unless su.-h agreement is made or applicable law
<br />requites such interest m be paid, Ltnder shall not t?e required to pay Borrower any interest or earnings nn the Funds. tender
<br />shah gave to Borrower, wiuSoui charge, an annual accounting of the Funds showing credit and debits u, the Funds and the
<br />pitrix~st for which each dtbit to the Funds was made. 7 az Funds are pizdS~,d as additions! securit}~ for ihr sums secured
<br />b}• this Morigagt.
<br />If the amoum of the Fund; held by Leader, tueether with the future monthly instaiirnents ei Funds payable prior to
<br />tltt due data of texts, avtssments, insurance premiums and ground rents, shall exceed the amount required to pay said ta_ces,
<br />assessmenu, rns'umace premiurs and ground renu as the>' tall due, such excess shall be, at Borrower's option, either
<br />prnmgtly repaid io Borrower or crrdiced to Borrowtr on momhlg instalimtnis of Funds. It the amount of the Funds
<br />held b} Ltnder shall not lie sttfficient to pap tapes, assessments, insurance premiums and ground rents as the} fall due,
<br />Ro*TOwer shall pay to Linde; any smeunt necessan~ to make uo the dtficirncy within +D days from the date notice is mailed
<br />b} Lttidtr ro Bc3rrowu requesting pa}mrnt ihertnf.
<br />L'pen pacmeat in full of all sums secured hs th3s Mcrtgagr. 1-ender shall prompt]} retard to Borrower any Funds
<br />held by Leader. If under paragragh l~ hrrrof the Prom :> .old or the Prolxrt} a otherwise acquired by Linder, Lender
<br />shall apple, ao later than immediate]} actor io ;rte sale of me Prt,prrtc or etc acquisition by Leader, an} Funds held by
<br />t ..Ny~rer .., tlt.° t....~ ~.. °r~LM~_~. ~~ ~ ~._~ _ o _ ...,. tl'.r e...... ..,z ,., td by the. \in ` a_
<br />3. Application of Paymeats.ncl~nless apphc~ahlt lsw prmidesrott;en:i>r, all payments rtcticed by Lender under the
<br />N;te and paragraphs l aad ' herroi shah br apphrd i*y ].ender fiat to payment of amounts payablt to Lrndrr h}' Borrower
<br />trader paragragh '_ herroi, thte ro tetzrwt pavahir .+n the \ote. then to the principal of the '.Vote, and thin to inrers~st and
<br />pria~pal on any' Future Advance.
<br />i. C'lta~rx Lies. Borrowtr shall pay al': rases. ass: ssments and other .haters. tines and :mzn,siunns atiributabie m
<br />the Prs3pem~ which mac attain a priorin~ nett ibis 'vlongage, and leasehold payments or ground ants, if am', in the manner
<br />provided under paragraph ? hertrf er..f nc4 paid m such manntr. b} Borrower making payment, when due, directly to the
<br />payer thereof. Bercwu shah promptly furnish to Ltadtr ail notices or" amnunu due under this paragrapl3, aad in the event
<br />Bern, a~tr snail traakt pa}~ment dirtczh, B; rrow~tr t.hall nromp:iy furnish to Lender receio[s rvtdtncing such paymtnis.
<br />Barrvwea shalt pr~iptly discharge any hen ~-hich has prior*.t~ ove; This Mortgage; provided, that B.rrowrr slxal3 not bt
<br />rcq^ crud io d:s4'sar¢t an}~ such her. s:, ]nog as 8orreuer shall agrce itt w clung to [ht payment of ihr ublagation >e vrei, b}'
<br />such Iron to a manner ac,^~ptablr to Lt[3dti', ar >hali in gsx,si faith oontc5t such litre b}', or defend eniorcemtnt ,?t lain Lien in,
<br />Itgal p~raerrd=qcs wt3a.h opuatt t.+ present the tni.~rYment of thz hen or forfeiture of the Propene >r am part thereof.
<br />{ Ramod ltas7uaste. Borrower shalt kelp ihr :mpn,vtments now esisung or hereafter ue.red on the Property insvrtd
<br />agates[ loss I+y fee. hazads ia3udti wants the irrnt "rxreaded covrragr'~. and su.h .thee hazards as i_tndrr may' rrqu3re
<br />ant to rt.i3 aarounis and for su.t3 pericwi> as Len•ier may ;rgwrr; pro+it~d, that L.rnder ahsli nrn requim that the amottnt of
<br />s~;.h ;x,vcragr ex~3 treat amount of ca+tragr rrquued to pay the same secured by this \iongsge.
<br />The >aa,;rxact carver pr~a2ding the insurarce shalt #x ctsosen by Borrawrr subit:t io approvsl b}" L.tader; provided,
<br />that s;r:?t approval snail net he unreasonahly withhtid. .11I premnms on i;ss.ua.^.~t pli~7es .hs]! be ~~1id ru thz manner
<br />arovndt.:f under paragraph 2 htra,f r?r.:: ~t paid in ;u:h manntr. h} Borrowtr mal::nz ¢aymcnt, whoa ~.te, .i:reriJy to the
<br />tn5:srraniX ..anler.
<br />All iistrance polrcies acrd reaewats tisereoi shalt E+t in`orn actptubic to Len+ier .end shah mciudt a siaadard mortgage
<br />~tttst ±n feet=t ti slat in form at:xptable to Leader. Lrndr; x6::11 hair the rrght : no!-d the ~licres and rernwak thereof.
<br />aai StNmwtr ~reli prnmp;l}~ fu-oish t. Lander all rrt?twat anterrs and all re~,ext is ai paid prcmsums. la the ev-eat of less,
<br />Sorc+w~er shaft gave promgi enlist ta. the :tnurancr :.v-r:rr aad l-tndr:. i.en.:er m_y make p*o. , f tos+ )i n~ t made promptly
<br />tfv~ ~1,r~~u.
<br />L~ttkss Lender and $,irra,wer otherwtsr agree in wnunr- 3nsuranY p~.,cteds shat] bt spelled to rcstoratinn or repair of
<br />the Pr:.,perty damaged, provided such resteratton or rrpatr :s econamtcsily ieast6lt and the stcurin of th7s '.vi ortgagr 3s
<br />tM3r thuri3y impatrtd. if lath rtstnratior. or repast is n.+t cc.+n ~srcaity tc>sii,lr ~? :t the sr: rare of this \Songage w':,uld
<br />be;tapatrtd. the raureaxr prneteds shall bt applre.'. to the sums ~+ecure.i hx the>r!.f.,ngagr. wuh ihr excrv, if xr•,y, paid
<br />ao Bona+wtt it fix Proptns :s ahanilanta h, Borrowtr. ,~r :: $t+rrowtr t:ti i, to rt>p,,nd to Ltnder wuhrn 3U days front the
<br />date nonx rs rrsaiied by Lender to Born,wtr chat t13r tnsurancc carrrrr nffrrs to >rttlr ., clatrn for insurance krenttits, Ltnder
<br />:s arat9ori3ta9 to eisllect aad apple *be rakuraacr prc~xtds at Lrndti s opuon euhu to rector anti nr repair of the Propen3~
<br />or to the slims st.ura:a b}~ this Mongr.cr
<br />L•ziltss L.ta~r and Borrowtr xarrwise serer in wnt:ag. ary such application of pr.~:eeds to pnrcepaS :hall not txiend
<br />or pastpcute the dui: tart ni the morti3iy insratlmtnts referred to in naragraphs and_ 6rreof or .hangr the amount of
<br />std instatlrrteats. i7 tmdtr paragraph :g',tera~i the P-.,pem ,s acquired b} Lender, ill tight, utle and interest of Borrower
<br />in amt to a±+} iasuran_~t p~^xlrutti anti in and to ri;t pracxd= ttarreor reaulung from damage u> tl3r Property prior to the salt
<br />or aequivtwn shat! pass to Ltnder t, the txitnt of the sutra secured b} the-, Mortgage :mtnrdiatefy prior to ouch sate or
<br />acginsiti;xt.
<br />b. PreaersatJm aad Maa@taaace of Proptrt}; Lea~rakk: Cuadominivms: Planned I:•ni[ Dectlopments. Borrowtr
<br />shall keeg tIu Prapt:t}• in gcrt+d repair ar3d snail not :attimit waste ar petrol; iatpa;rmtnt or deterioration cf the Property
<br />ttt~ shall comply- wish «6t pravi:aons of aa} lease tt r6rs Mortgage r: on a leasehold. li this ?.tongage is on s unit in a
<br />candominruta or a plaantd unit dtvelopmtnt, Borrower :hall perform all of 8ormwer's u6hgauons under the declaration
<br />or crwtaanis cresuttg or gavtrnrt3g the condomtmum nr planned unit dacrlopmtnt, the by-taws and regulations of the
<br />condominium or planner unit develnptttent. and constituent da:umrms. If a condominitun or planned unit xir.'ziopment
<br />rider is etta;uted by Borrower and rtcer~d tagtthtr with ihts ?siorigage, the cnvrnanis area agreements of such riser
<br />shalt Ire itiaarpctratad into sail shalt atnttul read supplemem the cusenants and agreements of chic !viongage as if the rider
<br />wrort a gart bumf.
<br />7. Prrolecdoa of L.sadte"a Secartt7'. If Barr.,wer tails to prri.,rm the covenanu and agreements contau3td in this
<br />Mortgage, or if any aciiaa :,r procetdiag rs ;.crma3rnced which materially aEects Lender's interest in the Properly,
<br />niCSudrng, bill neat 1lmttsd tn, tfStiTCLY domarn, i33S4lvttiC}', cOdr mforrement. cr arrangements tie proceedings involving a
<br />batiltrvpt er decedent, thin Linder az Lender's ~?gticn, upnr. notice to Borrower, ma}~ make such appearances. dtsbune such
<br />sums seal take: such action as is necessary to protect Ltnder's interest, including, but rent limited to, disbursement of
<br />reaaoaabk aitornev s flex and entry ir,3on the Pmpeny to make repairs. ]f i_ender required mortgage insurance as s
<br />condrtion of making the loan seeuted by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />iawraace !n ditx:t troll] :+.rh Lime ab ihr rtgttiremem for such insurance !crminates in accordance w7th Borrower's and
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