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<br />l;.wa~zort+,t a~"~er'~'t~,:~a,a~,nr'~ra. Li~arr~~o~uu~ex una¢d' Lara¢o~r caa°~«iea~x~~nt ~at;d asg.nas~~ as fa,~911,r„uvx:
<br />R. &"uByrnem~~ll of Prrhrc.~af austd' latsrest» 44ttwrvw«r 1,g63fiai ptgflu ~.~y w9te:n ;;EUe: ;hi« prirtcilsa~l of a_,ti intsme€t rvaar ti~x
<br />iarJVe~bte~&raexs e°vi~den~xd 'lvy ;l~tu~r fvv±e, pr«payment atxd laCV: charger ~ prav;detl in the 'SYVt«. and the prln~ipal of and int«rest
<br />vn any F'uturs Advances secured by this Mortgage.
<br />~. Prutds frr Tastes and 7nsurarrce. Subject to applicabl« law ar io a writ«n waiver by Lsndsr, Borrower shat pay
<br />to Lender en the day monthly installments of principal and intent are payabie under the Note, until the Nate is paid in full,
<br />a sum (herein "Funds'"j cruel to one-twelfth of the yearly taxes and assessments which may attain, priority over this
<br />Mortgage. and ground rents on the Property, if any, plus one-tweifrh of yearly premium installments for hazard insurance,
<br />plus one-rvelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable es+imates thereof.
<br />The Funds shall be held ir. an institutivn the deposits ar accounts of which aze insured or guaranteed by a Federal or
<br />state agency i including Lender if Lender is such an institution j. Lender shah apply rite Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lends; pays Borrower interest on the Funds and applicable law
<br />permit, Lender to make such a charge. Borrower and Lender may agree in writing at the tame of execution of this
<br />Mortgage that interest on the Funds shall b« pail to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, L«nder shalt not be required to pay Borrower any interest ar earnings nn the Funds. Lender
<br />;hall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pu.~pse for which each debit io the Funds was made. Ilse Funds are pledged as additional security for the sums secured
<br />by t};is 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 taxes, assessments, insurance premiums and ground rents, shall exceed the amount reyuired to pay said taxes,
<br />assessments, insurance premiums and ground rents as they tali due, such excess shall be, at Borrower's opuon. either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amoum of the Funds
<br />held by Lender ;hail not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall dc~e,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is rr,,il~d
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shaA promptly refund to Borrower ang Funds
<br />held by Lender. f under pazagraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisitvn by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraglrs i and 2 hereof shalt be applied by Lender first in payment of amounts payabie to Lender by Borrower
<br />under paragraph 2 hereof, then ro interest payable on the Note, then to the principal of the Note, and then to interest and
<br />prineipai on any Future Advances.
<br />3. Charges; Liens. Borrower shall pay alI taxes, assessments and other charges, fines and impositions attributabis to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in else event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Mortgage; provided, that Borrower shat! net be
<br />required to discharge any such lien so long as Borsower shall agree in writing to the payment of the obligation secured lsy
<br />such lisp in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal prxeedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against Toss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />suc'lr coverage exceed that amount of coverage reytired to pay the sums secured by this Mortgage.
<br />'I?se insurance carrier providing the insurance shall Ire :.hosen by Borrower subject ro approval by Lender, provided,
<br />that such apprvvat shall not be unreasonably withheld. All premiums on insurance policies shalt be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such mangier, by Borrower making perm«nt, when due, directly to the
<br />irrsurata;e carrier.
<br />All =nsurance ^^li,^,ies a^d rbntwalc thereof shall i'e in foam acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall lave the right tv hold the policies and renewals thereof,
<br />and Borrower shah promptly furnish to Lender aiI renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrrrver shall giv« prompt notice to the insurance carrier and Lender. Lender may make proof of loss if no[ made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would
<br />Ire impaired, the insurance proceeds shall he applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from tbe
<br />date notice is mailed by Lender to Borrower that the insurance carrier oRers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restorative or repair of the Property
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application, of proceeds to principal shalt net extend
<br />or postpone the due date of the monthly installments referred [o in paragraphs I and ?hereof or change the amount of
<br />such installments. If under paragraph 18 hereof the Property is acquired by Lender, alt right, title and interest of Borrower
<br />in and to arsy insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acyuisition shall pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or
<br />acquisition.
<br />~• Preservation and Msinteoanee of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
<br />shall keen the Property in eood repair and shall not commit waste or permit impairment or deterioration of the Property
<br />and shall comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent dxuments. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with This Mortgage, the covenants and agreements of such rider
<br />shall be ineorparated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
<br />wets a part hereof.
<br />7. Protection of Lender's Security, If Borrower fails to periotYrs the covenants and agreements contained in this
<br />Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property.
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br />stems and take such action as is n«cessary to protect Lender's interest, including, but not limited to, disbursement of
<br />re~anable attar. ry's fees and entry open. ehe Property to make repairs. If Lender required mortgage insurance as a
<br />condition of making the loan secured by this Mortgage, Borrower shall pay the premiums required to maintain such
<br />iis„ran£r in et{err E•ntil s,ch tim« as the requirem:nt for such insurance fsrmsnat-zs in accordance with Borrower's and
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