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<br />UxtFOttM Coverrnrtrs. Borrower and Lender covenant and agree as follows:
<br />1 payment of prlne;psl amI 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 the Note, and the principal of and interest
<br />on any Future Advances sectued by this Mar[gage.
<br />Z FaaAs for Tula and Inaaraace. Slrbject to applicable law or to a written waiver by Lender. Haaower shall gay
<br />to Lender oa the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly tapes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property. if any, plus tine-twelfth of yearly premium installments far hazard insurance,
<br />plus one-twelfth of yearly premitun insiallmen[s for mortgage insurance, if any, alt as reasonably estimated initially and from
<br />time !ti time by Lender on the basis of assecsmerts and bills and reasonable estimates thereof.
<br />The Funds shall Ue held in an ins[ifutien the deposits or accounts of which are insured or guaranteed by a Federal er
<br />state agency (itx:lur}ing LendPa if Leader is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance gremiums acrd ground rents. Lender may not charge for so holding and applying the Funds, analyzing said accauni.
<br />or verifying and compiling said assessments attd bills. unless Lender pays Borrawer interest on the Funds and applicable law
<br />permits Lender to make such a charge. Harrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall he paid to $orrower, and unless such agreement is made ar appfica6le law
<br />requites such inttrest to be pal,-, Lender shall not be required is pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrawer, without charge, an annual accauming of the Funds shaving crediU and debits to the Funds and the
<br />pttrgaat far which each debit to the Funds was made. lire Funds are pledged as additional security fat the sums secured
<br />by ~ss Mortga$c.
<br />If the amount of Llse Funds held by Lender, together witH the future monthly installments of Funds payable prior to
<br />the drie darts of tazts, assessments, insolence premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />asstasmutis, instttatttne premiums and ground rents as they fall due, such evices_c shall be, at Borrawer s option, either
<br />pa+omprlp tagaid to Bottov~r or credittd to Barmwu on monthly installments ai Funds. If the amount of the Funds
<br />htdd by Letidv shall mt be sudicient to pay saxes, asses~trtents insurance premiums and ground rents as the}' fall due,
<br />Bormwer shall pay to Linder any amount necessary to make up the deficiency within 30 days from the date ratite is mailed
<br />by Trader Oo Borrower tegrrsnag pa}°metrt [Hereof.
<br />Upon payzaeat in frtU of all seats stctued by this Mortgage, Lender shall prompth' refund to Horrowcr any Funds
<br />htdd by Lemier. ;[ under paragtagh 18 hereof tM Property ~s ~~Id ar the Property is otherwise acquired by Lender, Lender
<br />stall apply, iw later than immtdialely prier to Ne sale of the Property or its acquisition by Lender, any Funds bald by
<br />u v.~,..
<br />Larder al the tip of apprcatioa as a rtt~it against inc sum ~' 1 = t°:~ ..._..,~ ge-
<br />~ a{ [y©tt~, Unless applicable lay provides otherwise, all payments recYived by Lender under the
<br />?Iou and p~rigraphs 1 and 3 hueof shall be anpHed by Linder first in payment of amaums payable to Lender by Borrow•cr
<br />ttmler 2 ht~euf then to intemt paymbie an the \ate, then to the. principal of the Note, and thin to interest and
<br />prrncipal nn any Frmae Advancrs.
<br />rl, ~ I3eas. Boraowtr sHatl pay ail laces ~ccmments and other charges fines and impositions atvibutable to
<br />;;~ fir" whirl may attain a priority over this Mortgage, attd leasehold payments ar ground rents, if any, in the manner
<br />pivvialed ratda paragraph 2 hereof or, if non paid is sitrh satt.^.er, by Borrower making payment, when due, directly to the
<br />p,$yee r>tleaetd. Bannwra' shall paotngtly ftitnish to Lander all norices of amounts due ur:~r this paragraph, and in the event
<br />8aato'rwra' s~ make paymatt directly, Born+wer shaA promptly furnish to Lender receipu evidcncmg such payments.
<br />Btetower shall promgUp dschar8e any lien which has griority aver this Mortgage: prov~dtd, that Harrower shall not be
<br />ap di~harge any strrh !teat so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />soh 1-ra ~ a masers atxegtablc to Lender, w shell in good faith contest such lien hy, or defend enfotcemtnt of such 3ien in,
<br />~ vrhich operate to preves the eaft+rcement of the lien or fodeitum of the Property err any part thereof.
<br />~, )~nVl ltai~ Borrower shall kelp rbe improvements now existing or Hereafter eructed an the Property insured
<br />~g loss by tae, hoards iocHidtd within the sum -'extuirled coverage'. and such other hazards as Lender may require
<br />aml in mch a and for strlt periods ss Lencitr may require; Provided, chat Ltmkr shall not require that the aniaunt of
<br />Saxh oowaage txceed the sawuat of covuage required to pay the sums secured by this Mortgageva: H Lender, pro
<br />vided,
<br />17te iasaaants cattier pmvidhtg the irsuranx s'tiaii be chosen by Borrower subject to appro y
<br />tI~ etch appmral sba8 not tr tmreasaaably withHeLd. Ail ptetnittms an insurance polrc:es ~wbrn duardirecdy to t~lttr
<br />psavidnd render para~pap"-r 2 2taaaf ~. if atn paid in wch rnamxr, by Barrowtr making PaYmtn
<br />a.~ pRIY.
<br />...~. AB smt$ance ptti+~ ant! tmewals thcrmf shall Ir ro term arxptable 3a Lender and sHall i[trlude a standard mortgage
<br />t3atm in fiaaor of and is foam arneptalile to Leads, Leiidor~ sHall have the right to hold the polic'ics and renewals thtreoi,
<br />asd $orrnvrer shalt promptly furnish w Leader all rraewa3 nati`,es and all rrxteipts of paid premiums. in the cvem of loss,
<br />Batr~+'~ si3all gis: gt~,lt to the insurance rattier and Lender. Lfirtdcr ma} make (m+sif of loss of rat made prompt!}'
<br />~.
<br />Ua>em I.atder sad Bmrower otltuvrrx agrr~ in x; nEar~, insurance prcr<^eeds shall be applied to testnradon or repair of
<br />~ ; damsped, grovidtd such mtotstian err repair is economically feasible acrd the security of this Martga~ ld
<br />s>e4 ilsatnbv y~irOd. I# such restivatittri M repair is not ernttomipoly feasible or rf the security of this Mortgage
<br />~ , ~ iosrttanoe graicee~ds shall be applied in the sums secitrdd by this Mortgage, with the excess, if any, paid
<br />m)( L the propatys tibandoned Hy Bormtver, u =? B.ottowxr tails ro respond to ;ender within 30 des}s from iht
<br />dais naRict is tnaibd b?' ;,ender to Bortovver ;Hat the insttratr ~ carrier otters to setAe x claim t •x insurancr Hene6ts. Lender
<br />is irt~mi9rtd m ttdiett and apph tht im7tranct ptueecds r[ Lender's option eathu w textoratior. or repair of the Progeny
<br />or m ill[ alms secured by this Alt~igatc.
<br />Urilns Leaflet amt Borrower aahuwise agree in writing, arty such appli.:aixxt of praceFds to pn,~cipal shall not extend
<br />tar P' the dire chit of tx monthly ~«:-t•~:s rtirrned to in paragragHs 1 arui '_ Hereof err ch..nge the amount of
<br />.tom I# lender paragraph I g aueof the Ptoputy is arluited b} Lrmrier, all =igltt, title acrd interest of Barrowtr
<br />~ a»d m ~,. iri~taaa arW is red to the procxeds thereat resulting fram damage to iht Property prior to the sale
<br />or at• idrali pis to Letx~r re the exltmt of the seas secartd by this Mortgage imtrtediataly prior to such sale or
<br />>a4~- IraselraldS C+ras: >'lamrd Unit Devebpmeats. Harrower
<br />;. I4iEtta ail 1Hai of p++~rvt
<br />i~ ~ ~ i$ ~ repair and shag net commit wash err permit rmpairatent err deterioration of the Property
<br />aced dv with the prrrvisams of anY learc if ~~ Mortgage a an a kaisric.33. If this Mortgage is on a unit m a
<br />ty a p{~pd bait devt:Itipsarat Borrower shall perform all of Sornnveis abligatians under the declaration
<br />err t~veiaea to 1C the ~ or planned unit devtk,pmtnt, the 6y-laws and regulations of the
<br />o0adaoama err pyeO~ use devdtigmurt, aiut ,,iinstittruu dacumenu. !f a comlaminium or planned unit devekpment
<br />tidal ~ aaatlte~d ~ , sad teoatderf }~ ;~~ ikas Mor+gage, iHe ,-„v£nants attd agreements of such rider
<br />rmo and ~,aB amend sad ~! tHG tSayenani5 aiid agreements of [tits Mortgage as if the rider
<br />t4ta~ l44
<br />attrp a pit's lroeaaf.
<br />~ Tada!'>Biri ~ ]„~/it+y 1 If Borr~ts'tt faits to pertotm the cuyenants and agreements contained in this
<br />~ ~ asy eaten ~ is whidt itaaterialiy atfxts Lttider's interest in thenPolvpnrt a
<br />colt m#orcemetit, or arratrgerrrtnts or proceedings 8
<br />iidil~. Lnt nul F m. domaQr, itrstilvarcy.
<br />- ,m tam .I.aeda at index's optiptt, upon notroe ta+ Borrowrcr, [Halt make such appea,ances, disburse such
<br />>a~ and y~ each action a ~ ntQ~arS ~ proaoct Lgrdcr`s intetesi, irrt#txisng. but [tat Limited to, disburses~nt of
<br />rgaeailita i~ag+`s >Cet iNad tatq upon the i*roperiy to tm~ce repairs. if Lender ruluiztd mortgage insurance as s
<br />stoadiuea ~ ~ loan aacw°ed by tlzg Mntigaga, Bartowez shill pap the premiums required to maintain such
<br />r,t slut tae as the rp}uileosratt for such irsuratree ierminatss m accordance with Borrower's and
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