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<br />UMFOtttd Covax,+xrs. Harrower and Lender covenant and agree as follows:
<br />1. Payment elf Pdacipal and Interest, Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the No[e, prepayment and late charges as provided in tl:e Note, snd the principal of and interest
<br />~ anp Future Advartces secured by this Mortgage.
<br />2, fimels for Taxes sad Itrnrance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />m Lander an the day trtarthly irtsialltnents of ptincipa! and interest art payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds' equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and grotmd rents on the Property, if am, plus one-twelfth of yearly premium installments for hazard insurance,
<br />phrs Otte-twelfrh of yearly premium installments for mortgage insurance, if any, al! as reasonably estimated initially and from
<br />time to time by Lender or. the basis of assessments and bills and reasonabi.. estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />start agency (inchidIng Lender if Lender is such an institution). Lender shall apply the Funds m pay said taxes, assessments,
<br />ieuurance premiums and ground renG_ Lender may not charge for so holding and applying tht Funds, analyzing said account.
<br />err verifying aced compiling said ass~cments and bitk, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Motgage that inttrat on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requites such interest to be paid, Lender steal! not be required to pay Borrower any interest of earnings on the Funds. Lender
<br />,shay give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which tech debit fo the Funds was made. The Funds are pledged as additional seturitt• for the sums secured
<br />by this Mortgage.
<br />If the artwtmi of the Funds hdd lay Lender, together with the future monthly installments of Funds payable prior to
<br />the date dates of razes, assessments, imurance premiums and grated rents, shall exceed the amount required to pap said taxes,
<br />atxsaments, insurance prtm»ums acrd ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />pavmptfy repaid to Borrower a credited to Bortnwer on monthly i stallments of Funds. If the amount of the Funds
<br />hdd by Lender shall »nt be sttlRci~t to pay taxes, assessments. insurance premiums and ground trots a9 they fall due,
<br />Bttrxaver shay pay to Lertdtt any aatount ntxesszn~ to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Barrowu requesting payment thereof.
<br />Upon payment in fuy of all sums secured by this Mortgage, Lender she;', promptly refund to Harrower any Funds
<br />held by Leatder. If under ptuagraph ]8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shadl r~iptp, eta later than immediately prior to the sale of the Property or its acquisition h}• Lender, any Funds held by
<br />LretiGr at the time of tyiplicatie~ as a ctodit against the sums secured by this Mortgage,
<br />3_. Aadiessiaa ed I?~m~s. Unless apniicabk law pro+•ides otherwise, al; pavmen;s retticed by Lender under the
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<br />Note and paragraphs I sad 2 hereof shall be applied by Lender first in payment of at2xaunts payable to Lender 6y Borrower
<br />tmdu• paragraph 3 hereof, then to interrst payable on the Note, then to the principal of the Note, and then to interest and
<br />priacpal on nay Future Adsaaoes,
<br />~ C3rges; Bent Borrower shall pap all taxes, assessments and ether charges, filets attd impositions attributable to
<br />the Propatty which may attain a priority over this Mortgage, and leasehold payments or grouted tents, if any, in the maaaer
<br />paorided tinder paragraph 2 hereof a, if trot paid in such manner, by $,•vrower making payment, when due, directly to the
<br />payee thereof. Botmwtr shay promptly futttish to Lender ay ttotixs of amounts due wader this paragraph, and in the event
<br />Bttsmw~ shay make payment dituU}, Sorrolvtr shay ptxxttpt_ furnish to Lender rexipts evidttxiag such payments.
<br />Hanover shall promptly discharge any lien wlti.-lr has priority aver this Mortgage; Provided, that Barrovrer shay not 6e
<br />requimd to discharge arty sacb Brn so long as Borrower shelf agree in writing to the payment of the abhgation secunti by
<br />such Ilea is a meaner aox}stahlt to Lender, or shall in good faith contest such lice by, or defend enforcement of such lien in,
<br />~ which ttpttate io ~t the eafarrxmeret of the lien or forfeiture of rho 3'roptrty or any part thereof.
<br />3. Saatd lhisaaate, Borrower shall keep the improvements now existing a hereafter erected on the Property iasurtd
<br />agtsimt less by Rte, hazards itte9taled within the actin `extended mveragc", and such other hazards as Linder may require
<br />and ®such amounu and for surlt periods sv Lender may require; Provided, vat Lender shall oat require that the amcumt of
<br />such oovt7age taceed that amtamt of xrovetage requited m pay the sums secured by this Mortgage.
<br />lbe i carrier providing the insutaatt shall be chosen 6y Bomtwer submit to approval by Lertder, provided,
<br />that such apgra+oval steep not be tmtea_vaubly withheld. Ay ptemittms ~ insurance palicia shall be paid in the manner
<br />provided under paragra~ 2 herwf or, if rot paid in such .,,...,u.~, by Borrower maki~ payment. wh-n dtte directTy to the
<br />isnaaace zattaer.
<br />AH ieta P1'~ and teaet-ah thaedf shalt be in form acceptable to Lender anti shalt irtclttde a standard mortgage
<br />t3ati+e m favor of sad is fain arttpubk zo L+ender. L~der shalt have the right to hold the policies and renewals thereof,
<br />sad 8dttovrer shay ptr~tly futttieh to Leader sit rertewat noti-es sad ay ttceipts elf paid pretttiums. In the event of toss,
<br />Hwmvrr shat! give prompt rtotitx to Sx iasUraaee carrier tend Lender. Leader may make proof of loss if oat made promptly
<br />h9 Bmroseer:
<br />Ut~as Lestd~ acid Botro:vrt tttlterK~ agree in tsTtriag, i~t~ance pry shalt bt: applied to teszarazian err repair of
<br />the Property damrgal, provided ~ restoratana a repair is exormmically feasihlt and the security of this Mortgage is
<br />»at y iimpaiaed. U sett3r rxxra'atitm a rzpair is nn2 exxraamicayy feasible a if rite security of Phis Mortgage would
<br />be ittepnitsd, the iaiar:aace prtaceeds shall be applied to the stems securtid b}• this Mortgage, with the cetxss, if any, paid
<br />to Snnasre . If the Property is a b}' Bar-ewer, or if $orrowrr fails to ttspond to 1.t:tzder within 3U days from the
<br />dale mSioe is mailed by I~adc so Borrower that the iawntxx carrier letters to settle a claim for insurance benefits, Lender
<br />is attthprisad m collect ~;l apply the ittsntaace pros rods u Leader's option either to teuoratioa err repair of the Property
<br />a m the sus scexned by >his ;*iprePge.
<br />Unless Lt~r and i'@utr'owrr otherwise agtex in writing, any such application of prnteeds to principal shall not extend
<br />tit petseptsre the thee dde of rho aientthis iattalimexsts reelected to in paragraphs I a~ 2 hueaf err change the amount of
<br />wch if ttada pant8taph I8 hereof the: Property k acquired by Leutder, all tight, title aced interest o; Borrower
<br />ie asd m nay issmaace pdicas amt is aced to the pracsods therenl naultittg from damage to the: Property Prior to the sale
<br />or atx shay puss to Letxla to dtc eeetmt of die sums secured by this Mortgage immediately prior to such sale or
<br />6 Tttiervatlaa eclat 3NriMetaacc eel 1!topest}; LeyseieiLiG Coadeaeddem~ Phtaxd Unit Uerdopraeals Borrower
<br />r~ keep Ste Property is ;trod rr~tair and shay nor amtmit wtste or permit impairrixnt a deterioradtm of the Property
<br />atad ahttll rt~rh the pn>visiems of any least if this Mortgage is oa a leasehold. ll this Mortgage is on a unit in a
<br />err a platmed ~ ~, Borrowrs shall perform ay of Borrowers obligations carder the d~taration
<br />a t tw gtsvwtu~ the ctitiiua or plamve+d unit devekgmtent, the b_v-laws and regulations of the
<br />caadta-r tar pltataad eau dav2, nett casstiturnt documents. If a condaminutm or planned unit development
<br />rider is exeaaed by Beuscrvtt anti temtded to8ether with tltis Mortgage. the covt:naats sad agreements of such rider
<br />tdta& he ~ iaso sad amend awl strppktaeatt the covenants and agreaaents of this Mortgage as if the rider
<br />mare a part hamf.
<br />'f. ithatetuisa of Ieat#ta'a may. If 18arrowra fails m perform the covenants sad ~reemenu catntairnd in this
<br />a $ ally aaios a proemetihtg is ~ which materially affects Lender's inteatst in the Property,
<br />but ant lid to emiuea# dttmaa, imetlretrey, cads eoforrement, or arrangements or p:xeedings involving a
<br />bl7rdsmdEnF, rhea Ltatder at I3atde["s upriwt, upon rmtiae w Barrowu, may make such zppcatances, disburse such
<br />wins sad tttite slide aRiaa as is tteetssaty m p~reae:a Lender's irtte:rtst, ituludirtg, but not limited to, disbursement of
<br />tetatC attataey"s fee and wiry rpon tine Proprsty to make repairs. If Lender required mnrtgaga insurance as a
<br />ttf maldrtg the loan aoctarsd by this Mortgage, Harrower shall pay the premiums required to maintain such
<br />iassmtx In e#IeCi >~ such titan m the 'agtsremsm;i for stteh instunntt terminates in accordance with Borrowers and
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