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<br />Urtrroaut Covexexrs. Borrower sad Lender covenant and agree as follows:
<br />2. Payttteat of Principal and 2nteresL Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment aad late charges as provided in She No[°, and the principal of and interest
<br />oa any Future Advances secured by this Mortgage.
<br />Z Folds iw Taaes aad Itsatrsace. Subject to applicable law or io a written waiver by Lender, Borrower shall pay
<br />to Leader on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Fuads'~ equal to one-twelf}h of the yeari}'~ [sees and assessments which msy attain priority over this
<br />Mortgage, and gro[md rents on the Property, if any, p]us one-twetfrh of yearly premium installments for hazard insurance,
<br />~ plt>: ottt-twelfth of yearly premium installments for mortgage insurance, if any, al! as reasonabl}• estimated initially and from
<br />.,a nme to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held is an institution the deposits ar accounts of which are instued or guaranteed by a Federal or
<br />~` i state agency ;irktt:ding Leader if Leader is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />Q i~c>,~.r,.,. greatiu:ffi and ground rents- Lender may not charge for so balding and applying the Funds, analyzing said account,
<br />~~"~ ~ or verff}'ing and compiling said assessments and bills, unless Lender pay; Borrower interest on the Funds and applicable !aw
<br />jt~ ~ permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />!1~ Mortgage that interest on the Funds shall be paid to Harrower, and unless such agreement is made or applicable law
<br />requites such interest to be paid, Lender shalt not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Bcrrowtr, without s$argt, an annual atxounting of the Funds showing credits and debits to the Funds aad the
<br />0 purpose far which each debit to the Funds was raada The Funds are piodged as additianat security for the sums secured
<br />4~ ~ ~ t ~ t amount of the Funds held b • Lender, to ther wz±h the future monthy installments of Funds
<br />} ge payable prior to
<br />rite dire darts of taxes, assessatwu, iasttraace pre.niunts and ground rents, shalt exceed the amount required to pay said taxes,
<br />assents, instrraace ptemittms and ground rents as they fall due. such excess shall be, at Horroweis option, either
<br />promptly repaid to Harrower or credited to Borrower on trronthty installments of Funds. If the amount of the Funds
<br />hdd by Leader shall not be sttdtcieat to pay texts, assessments, itisurancc premiums and ground rents as they fall due,
<br />Bsrtrower shall pay to Lender any amoum necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Linder to Borrower irgttestittg pa}intent thereof.
<br />tips gaytaent is full of all sums s~-ured by rhis Mortgage. Lender shall promptly refund to Harrowxr any Funds
<br />held by Isacks. If unsl~ Paragraph 1S hereof th+: Propert} as sold or the Property is othctwiu acquired by I.ettder, Lender
<br />shag apply, ao later than it»rnediaiely prior Io the sak of the Property w its acquisition by Linder, any Funds held by
<br />Lender at the lira[ 8I kpp&ntton 8i 8 Credit SganlSt the sums SeCUred by [his MOn$agt.
<br />3. ~ Pith Unless applicable law provides otherwise, all payments rtt~eixYd by Lender under the
<br />Nast a~ paragraphs i arm 2 heteef shall be applied by Lender fits! in pa}tnent of amoum payable to Lender by Borrower
<br />uttekz paragraph 2 hexaot, Then to iatt:resi pa}'able an the Nate, thin to the principal of the Nate, and then to interest and
<br />principal on any Fu[ts,e Advances.
<br />d Clttar~ I3tas. Borrower shall pay ail taxes, assessments and other charges, finis aad impositions attributable to
<br />the Property which .map aitam a prissily aver thu Mortgage, and leasehold payments or ground rents, if an}•, in the manner
<br />pas>videu trader paragraph 2 hereof or. if trot raid in such tnaancr, by Borrower making payment, whin dire, directly to the
<br />paytte thumf. Harltrwet shall promptly f-,anish *~o Leader all >mtices of amounts due undo this paragraph, aad is fix :rent
<br />Borrowe3 shall make pa_vtamt directy, Borrower shall prompt];, furnish to Lender receipts evidencing such payments.
<br />Btu alai] promptly discharge any lien which has Priority aver this Mortgage; provided, that Borrowor sha13 not be
<br />tetlaa'ed m slischatgt any sttdt lien so Iaag as Harrowsr lira]] ague in writing to the payment of the abligatian secured by
<br />such rim is a mantrr atxeptablt to Leader, or shall in goad faint catuest such lien by, or defend enforcement of such lien in,
<br />kcal which oprratt to ptsveat the snfortxttttnt of the lien err forfeiture of the Property ar nay part thetmf.
<br />S. I$tt~rd> Borrower shall 1.•ocp the improvements now existing err htseatter erected on the Property insured
<br />agaisat loss by rite. hsratds included w•ithirt the te[ut "extended coverage"• nerd such sitter hazards as Leader ma}• require
<br />sod in atilt ausaaats aad fan such Periods as Linder may require; provided, ih~t Lender shat{ not require that the amount of
<br />etch cosetage earxed thu amount of coverage requited to pay the sums secured by this Mortgage.
<br />The iaatraoee caries providing the iasurstxx .;hall 6e chosen by Borrower subject to approval by Lender; provided.,
<br />thn such apprmal shag stir be im:easonabh• withheld. All ptrnritmts oa ittsurarsce policies shall rte paid in the manner
<br />provided under paradtaglt 2 heswt sa, if ttei paid in such maatter, by &~r[owix tasking Payment. whet due, directly ro tht
<br />i wrri~.
<br />1!fl ittaaaaee politics attd renewals thereof shall be is form acceptable to Lender and shop, include a standard mortgage
<br />s~atse ~ favor ~ attd itt form >k w Leader. Leader shall have the right is hold the ~licies anti rcnewats thereof,
<br />sod Beettrevss shall p• furnish to Leader all retmval notices and ail rctxipts ai paid premiutnc. In the event of hiss,
<br />Bo¢ttawrr shall give prompt ttotirX to the inatrance carrier a~ Ix[tder. Leader ma}' rnakr pram of kts, if not made promptly
<br />by Bort~st.
<br />C~a Lmdv avail Hwro?rer othet+rite agree in wtitirtg, inrtrance ptix~erds shaSi be applied to restoration or repair of
<br />the Pnopttiy daotsged. provided arch rrstorsiion err repair is economically feasible attd the security of chi; Maitgage is
<br />nor ~y impaired. If etch r~'atitttt or repair is acu ccan<~vaically feasible w if the security of this Mortgage would
<br />Ire izAgmired, ~t iawaanoe pr~dx shalt bt applied to tbt sums sxurod by this Mortgage, with the excess, if any, Paid
<br />m Barrow~er. If the Propert}~ is atuadooad by Htxtmver, or ±# Barrowes fails to recPand ra I.xader within 30 days frcun the
<br />daft ocarkx ~ taailed by Ltmder to Borrower that the iasttraxe carrier otTers to settle a claim fez insurance benefits, Rader
<br />is atsbptiasd tit sn6uct sqd apply the insutamx procxds a2 Lender's option either to restoration or repair of the Property
<br />sx• b the toss sasaod by this Mss,
<br />I3nkss Lsa>der soil Htvrower tttberwrse a$see in vvritiag, any such applicatimt of Pn+coeds to principal Shall Rat extend
<br />tit pttt~tOae rht doe dale of the mamthly inaatlntetrts refined to in paragraphs 1 and ~ hereof err change Cite amount et
<br />each . 2t t>adn ~ ! $ tsrnf tltt Propert}• is acquired by Cruder, ail right, tick aadv~[crtst of Borrower
<br />in aad m sag iramranae podides and in a~ to the thereof resulting from dantagr to the Property prior to the sak
<br />sa shall pas to L~ to the sxtent of the sums tecur~ h} this itarigagt immediately prior to such sale or
<br />a< 2Rservatloa atad Maiaaea>vice af' 'trodeat}; LerAaeioldS Caetdsaialtams; Plaaaed ]:silt Devigopneors. Borrower
<br />_ sbaH kttep the Prtypgig is gated repair ana shall rat commit wash err permit ~-anairmeai w deterioration at the Property
<br />s9tl shall eoanpty with the pmvisiost of ~y kale it Ih~ Mortgage is on a leasrhaid. if rttis Mortgage u oft a unit in a
<br />- or # platmed unit ~u-~~r Borrower shall perform cif of Borrowti a crbligatiotas under rile dxlaration
<br />err' sxovssatoa t+c govrraioa the coadominitan w Planned unit development, the by-Lora and regulations of the
<br />- cttadania~tm at planned rut's development. and cassfituent dacttt~nts. !f a condominium or ptmned unit development
<br />rider B sseagod Sty 8groater rod nxardod tstgalter with this Mortgage, the covenants and agreements of such rider
<br />shrill ba taro and std asaead aad sttppielrtent rite covcnanu and agreements ai this Mortgage as if the rider
<br />vna0 s pR1 -
<br />T. itNae9~ art l.aotlath 8atmtllf. 1t Hwrowrer tails to gterfamt the covenants and agrertnenta contained in this
<br />sir if tray aNfoo sae ptct~drutg u cammrentxd which matsxially a6esu Lender's irHrrest in the Properly,
<br />. lint acs[ li~ ter, eminent dotattin, imdvicecy, node enforermen4 or arrattgenrertts err proceedings involving a
<br />sr t then Lsrdar n Lslpdm'a opl5na, upon notice to Swrtrwer, tray make such appearances, disburse such
<br />sass aad ttdCe writ stxioo as is m prosier leader'x insereu, includi~, but nest limited ter, disbursement cf
<br />rmaeahik atk+mm4t'a fen sod ratty ttpan the Ptxtperty m make repairs. if i ender requited mongagc insurance as a
<br />catdhian ~ the lass a+4w~ed by this Mortgage. @orrowtr shall pay the premiums rtquirod to maiNain such
<br />ittaaesooa io aRact t auh Rime as rite rtgtrir~t it+r soclt ireaurance terminates in accordance with Bctrrower'v and
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