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<br />80-C~~.'~5
<br />UrnponM CovExnttts. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Prlntlpal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indcbtedttess evidenced by the Note, prepayment and rate charges as provided in the Note, and the. principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2, Funds for Taues and Ivsorauce. Subject to applicable taw or to a written waiver by Lender, Borrower shalt pay
<br />to Lender on the day monthly installments of principal and interest are payable under the No[e, until the Note is paid in full,
<br />a shin {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 Property, if any, plus nne-twel8h of yeazly premium installments for hazard insurance,
<br />plus Otte-twelfth of yearly gremium installments for mortgage inwrance, 'f any, all as reasonably estimated initially and from
<br />time to titre by Leader on the basis of assessments and bils and reasonable estimates thereof.
<br />The Funds shall be held in as institution the deposits or accounts of which are insured or guaranteed by s Federal or
<br />state agency (including Lender if Lender is such an institution). 1_ettdet shall apply the Funds to pay said taxes, assessments,
<br />insutsaa', premiums a»d ground rents. Lender may not charge for so holt&ng and applying the Funds, analyzing said account,
<br />or verifying attd rnznpiiing said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable taw
<br />pcttnits I.endtr to make such a charge. Harrower nerd Lender may agree in writing at the timt of extcution of this
<br />Mortgage that interest on the Fonds shall be paid to Borrower, and unless such agretment is made or applicable law
<br />requires such inttaest to ix paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give fa Harrower, without charge, an annual actxttnting of the Funds showing credits and debits to the Funds and the
<br />purpose for which eaclr debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />the amount of the Funds held by i.endtr, together with the future monthly installments of Funds payable prior to
<br />~e due dates of razes, assessments, insurance premiums and ground rents, shall exccetl the amount required to pay said taxes,
<br />assesamattt, in++.rat>ry premiums and ground erne as they felt dun such excess shall tx, at Borrower's option, either
<br />pa+~ip:ly repaid to Borrower ar credited tD 19trrrDtver on monthly installments of Funds If the amount of the Funds
<br />held by Lender shall not 6e st$iaesli to nay races, assessmrnts, insurance premiums and ground rents at they fall due,
<br />Botrtneer shall pay to teatder any amount necessary to make up the deficiency within 30 days from the date notim is mailed
<br />by I.eadtr to 33orrowu ttgrus[ing payment tltereaf.
<br />Upon payment in full of all stems secured by this Mortgage, Leader shall promptly refund to Borrower any Funda
<br />held aq Leader. If under paragraph IR hereof the Propem is Bald ar the Property is otherwiu acquired try Lettdtr, Lender
<br />sittt€t apply, no later than imtatdiatuv pziDr to tilt safe aI the Property ar its acquisition by Lender, any Funds held by
<br />Leader at tiu time of application u a credit against the wms secured by this Mortgage.
<br />3. Alpitatisa ttf Pq~. Unless apptiable law• provides othemise, all payments ra'eivtd by Lender under rite
<br />Note and patagrapbs 1 and 2 hereof shalt bt applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 3 hranof, thm to interest payable an the Note, then to the principal of the Note, and thin to interest and
<br />priacipz! as any Ftmtre Advances,
<br />{. I3tms. Borraar:er shall pay all taxes, a~.rrt.++enis and Dther charges, fiats and impositions attributable to
<br />rite Frrtptaty which may errata a priority over this Mortgage. arttl leasehold payments or ground rents, if any, in the manner
<br />prtrvidetil tinder pargraph 2 hereof or, if na paid is such manner, be Borrower snaking papmtnt, wltea due, directly to the
<br />payer tluratf. HtarasAer shall promptly furtush to Linder all noti:ss of amounts dtu under this paragraph, and in the event
<br />Borrower shall make payment direcUg, Botn~wer shall pranptly furnish to Ltntler receipts evidencing such payments.
<br />Hrarow~ shall pmmnptl} discharge any lien uha:h has grtority over this Mortgage: provided that Borr+owtr stroll nw be
<br />r to discharge any suds lien s+a laog as Harrower shall agree in writing to the payment of the obligation secured by
<br />sash ilea in a meaner atxxpeai;~e za Lmder, cv shelf is good faith cnnttst such lien by, or de#rnd tnfarcrttxnt of such lien in,
<br />ie~i gxrate to prevestt Lhc ettforcrattrtt of the lien Dr forfeiture of six Property Dr any pan thereof.
<br />S. Hmt+l~rtsawoa 8arrnwrs siraL locp the impr+ovtmoenu raw existing ar hetrafter erected an the Pmptety insured
<br />agar lass by 1+rt, darards included within tfx rum "ratt:adrd rnverage", a..d sttrh other hazards u Lender may require
<br />attd is etch amotrats and far such pem>~ as Lttttitr may require; pmiitkd that I_ettdtr shall teat require that the amaunt of
<br />strh ceaaaage exceerd that aawtmt ~ coverage req,,;rtd to pay rite wens secured by this Mortgage.
<br />?lie itntaaatt curter pmvit'.irzg tilt ;h.,..y~~. shall be chosen by Harrower wbjtct to approval by Lender, grovided.
<br />tisti tatdt approvd ~ trot 6e r~easoaabls wit3stteld Atl prtmittms on iosurantx policies shaft be paid in the manotr
<br />prt>wded trader patagntph , bored or, tf attt paid in such connate, by Borrotva ttukittg payment, when due, dirtxtly to the
<br />iastitaace auriea
<br />Alt itu p :ad rwtwa# thereof steal! bt is farm arctgiabk tD Linder and shall include a standard mortgage
<br />dame in Envier of and in form aceepaabie to Leader. Ixrtdez shat! have the right to held the policies and re[tewals thtraif,
<br />and H skedl prrx~ly furmah to Lspdrr all rmew•a; ttatitxs and all retixipts of paid premiums. In the tvtne of lass,
<br />Hatsarrrrr shall gig prompt notice m the insuritacn rattier anal Ltitdtr. !s$der may make proof i>i lass if trot made promptly
<br />by $tserrtva.
<br />Utsims I.eadrr attd Atxtower tatltetw•ise agntt ut writing, tttsnrartct prtnrtds shall he applied [o restoration ar repair of
<br />tlx PtopaRy damaged, peovttltxl strh restontiaq ar repair is acDtaxnicall}• feasiMt and the security of this Mortgage is
<br />rot thereby iteg+ttired. If such restaratrim ar repair is ant tcam~ratcally ftasihk or if t~ security of this Mortgage wDUld
<br />bK imp:itad, the i>muraocr pt+oaeods :JsaU be applied to the sums serctnod Iw th•s Mortgage, with the exrsss, if any, paid
<br />m Hwzatpa'. if the Progeny is ahaatlrn~ted by H~vmwtr, Dr a Harrower tails to respond to !_tndtr within 30 days from the
<br />date oplipe is mailed by Leadtx to Borrawrr that the ussarraa,^t arritr ot3en to setrk a claim for insurtue benefits, Linder
<br />is atOLmiaed m ooBaa and apply ills ittsttr'at+te pnxiaeds at Leader's apeian either m reseoration ar rtparr of the Property
<br />m m the t sec7ulsi by ills ~.
<br />Ualeatc fender alert Haca+aavu axherwese agree to waenns, aa} such 2pplicari,un :rf prDCtedt to principal shall not extend
<br />ar pttaspooe rht t&a date of the moatht} irtsuBtntnts refenrd to rn paragraphs !and ? txruf Dr change the amaunt of
<br />. if under ptutttraph ,i3 ltereaf flu Prapetty is acquvtd bi isatdrr, alt itgbt, ask ar•d interest Df Borrower
<br />3n nerd m ass itmtrance policies and in and sD the pra-trais thcrno9 resuhutg from damage ro the Properly prior to the sale
<br />or ao aball gals m to the txteatt of LLc stem sonsrad h} this Morgage imtruduttly prtar to such sale or
<br />C hsenat6ra ~ 11Ir # Pra¢ttty; l.easeYaii: C iLaeed Unit Uere Borrower
<br />tdaB ~ tht Property ffi geed sad shall tYn attIDOSn w.aut Dr peraut tmpairmwr W dtteriaratwn of the Prapttty
<br />trod shall tommp9y waft tfx provisiama d any lease i# rho Mer'tgagc n on a ttasrbatd. tf ihts MDngage is an a unit in a
<br />or a piatmed tacit ~. 8,attt?rsrs shall garfatm aU of BarrDwtr's t3ixttgxthatts under ztte dtslarattan
<br />ar ont~la aitatmg to gaxozaay{ the anexioatritrrum ar planrud unit devthaptaent, the by-taws and regulatutns .tf six
<br />ar pia~ad t~ ' tfs6 si>36~Cti2ut dnt°+atttrita. it a ritinitmr cv piannai unit cir,3iopmtnt
<br />tidri +t taetramd by 1~ and tDgothtr xtth ibis Martgajt, the cavettants and agrcemeau of sra-h rider
<br />#. s iaaorparigad into and tttsaB ameed amt rent tilt oavesartts attJ agrdtmtrns of the Mottragt as et ttu rider
<br />rmoe a pats beast[.
<br />3. !ltnae~ia~ d lattiarla d• If llaetovrer tails to perform tits coveaaotc and agreemenu t:xttstrud to this
<br />Iriatpga, qr Y ~' astipn ar preatpeAing u oomtatooetl which materially a$tats Ltrtdtr's ertt:Wn~tt in the P~optnp,
<br />brut apt Lid #tTv ate dattaaiu. iuaoivettcy, txrdc nofortrrttent, or atrangemonts cr pnxesdings rnvolvrng a
<br />it , xiiau Gaodat at Leudafs option, uprst rrotitr to Horrotvu, rttay make sw-h apptartut xr., dntwrse such
<br />ttma and tidte attics as it aeoanary t+a ptcwect Izvtder'a interest. ittrltiding, but rat hmated tL. tl+sburuntent ni
<br />raaottalaie ationaey'c faa earl may ttpta die Praptrry to teaks repairs It Lerxkr rtqutred nuutgagt imsur.n.Y as a
<br />craudeiua tg ~ the bran aeuand lay thin 1dDttgage, Borrower chat! pay rite premiums regeured t„ ntaiotam sn.h
<br />iaaaeattoe Ia a/e~t mttd teach time ate the rpquvs~nt far melt irwrarru ttrnunarts rn accordance wuh Btrrarwer's aril
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