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<br />80- Oi~262
<br />Uxmoxat (AVENANt'S. Borrower and Lwder covenant and agree as follows:
<br />1. Payment of Peinctpal attd Interest. Borrowror shall promptly pay when due the principal of and interest on the
<br />indebtedtrrss evidenced by the Note, prepayment aad late charges as provided in the Note, and the principal of and interest
<br />on any Future Advttnees secured by this Mortgage.
<br />Z Ftmds for T~ artd Ia~ee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day montttty installments of principal and interest are payable under the Note, until the No[e is paid in full,
<br />a sum (herein "Fuads`~ equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, aad gromrd rents oa the Property, if any, plus one-twelfrh of yearly premium installments for hazard insurance,
<br />phis aae-twelfth of yearly premium installments far mortgage insurance, if any, all as reasonably estimated initially and from
<br />tutu to time by Lender on the basis of assesments and bills and reasonable estimates thereof.
<br />T~ Fur[ds shalt Ire held is an institution the deposits or accaunu of which are insured or guaranteed by a Federal of
<br />state ageruy (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />imuraace prcrriums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />of veaifying aad compiling said assessments and bias, unless Leader pays Bongwer interest on the Funds and applicable law
<br />petmiis Iz to make such a charge. Borrower and Lender may agree in writing at the time of etiecution of this
<br />Mortga~ that interest oa the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to lx paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give M Borrower, withouE charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pttrPose for which each debit to the Funds was made. 'l'he Funds are pledged as addirional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Leader, together with the future monthly installments of Funds payable prior m
<br />the due dabs of taws, assessments, imuraace premiums and ground rents, shall exxed the amount required to pay said taxes,
<br />atsetiststettts, insurance premiums aad ground rents as they fall due, such excess shall be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower oa monthly installments of Funds If the amount of the Funds
<br />hdd by Lender shag not Ire sutf>ruat to pay taxes, assess[®ts, insurance premiums and ground rents as they fall due,
<br />Bastt>wu s1taB pay m Londe; anp amount necessary is make up the deficiency within 30 days from the date notice is mailed
<br />by Leader m Bortowed regtusting Payment thereof.
<br />j.Ipoa Payment is frill of all sums s'trtttd by this Mortgage, Lcndcr shall promptly refund to Borrower any Funds
<br />hdd by Lender. I# under Patagiaph 1S hereof ahe Property is sold err tlu Prapcrty is otherwise acquired by Lender, Lender
<br />~ apply, ao'.a~ than imrttediatel}• p[iw to [Ito laic of tix Properri or its acquisition by Lender. aa. roans ~,d by
<br />[.ender at the time of application as a credit agaias! the sores sxtued by this ?sorgage.
<br />3. lggiiafioa of lf'rpaseets. Uakss apphcable Saw provides otherwise, all payments tnctived by Lender under the
<br />Note aad paragraphs ;and 2 htueof shall be applied by Leader first in payrnert of amounts payable to Lender by Borrower
<br />tmdetr patatraph 2 haeaf, then to inttrtst payable on tSe pore, then to the principal of tlx Note, and then to interest and
<br />ptiac~a7 am any Ftv[ae Advaaxs.
<br />L ~ hear. Borrewer shall pay aB taxes, assessments and ether charges, fitter aad impositions attributable to
<br />the Property vhish mry attain a pritttity otcr this Mortgage, attd leasehold payments or gtquttd rents, if any, in the mariner
<br />peveided Hader parag~+h 2 hereof ot, if not paid is such manner, by Borrowu malciag psvmmt, when due, directly io 1!g
<br />Payee thrtsof. Hcvsower shag promptly furnish to Ltxtdu all notices of amounts due undo this paragraph, earl in the event
<br />Harrower riufl make Payment directly. Hortowzr shah promptly furnish [o Lender receipts evidcaciag such paymma.
<br />8arroaea shag paamptfy discharge nay aim which has priority over this Mortgage: provided, tire: Borrower shall not 6e
<br />m dne6arHe nay str3t l~n so tretg u Bq[x•ower shat! agree is writing to the payment of the obtigation scoured by
<br />saeh Tien is : tnasnc aarpLhie m Linder, err shall is good faith contest sttc3t lien by, err defend enfar-rnrw o€ such lien in,
<br />~ pa~aeeedit[gs which apuate xo prevent tfte extfottztttdrt of the Bert or forftiturc of the Propem or any part thereof.
<br />i Asaati Mme. Horroteer slug leap the improt~txs now existing a heteafw erected on the Property insured
<br />}oar by &e. hoards i[tt~eded within the term "extended coverage", ant' such other harards as Lcttder may requite
<br />and to ssrch amEt[mat and for latch P~ as Leatder may require; Provided, that Linder shall rent requite that the amarurt of
<br />stre~ arrmragZ mtcead that amatntt of covers~e ttqui_xl to Pay the sums secured by this Ma-tgage
<br />Iht iasaraoae + Pr'oT~ the im'taaatt steal! be chosen by Harrower subject to approval by Lender, provided,
<br />that attth aPpravai shall as 1x tm[sasonabl:: wishhdd. All Premiums m insurance policies shall be raid in the raamxr
<br />patreidud tinder paatpaph 3 heaea[ at, }f not paid in such aunner, by Horxowcr making Payment, when due, ;tirt;ctly to the
<br />it~ot eerier.
<br />I18 ias>aaate patieiex aad ttaewais titer~f shalt be in farm ac~pta6k ta'_cnder aad shad include a standard mortgage
<br />shoe ®fasar o€ aad 'st tram aae to leader. Lender shall have the right to hold the policies and renetvak thereat.
<br />aa:i &u P'i #• m Lida sLr rc:raal ataixs and ~~s '-~"n of paid prestiuau. is the event of loss.
<br />Htnrowet shall g»e Preempt notice rq the insuraercx cattier a~ Le~aer. Lr may make praaf of }ass if teat ttradc promptly
<br />bq Hntatrri_
<br />Ll>vta Lender rind Hwrnster athettvise NPtt m aritins. ias[rtance ptaceeds Mall lx applied to r+es[oration or repair of
<br />the Ptegtaty dtageti, Provitlad sack ttstcaatioa err repair is ically feasitsk and the sxetrity of this Mortgage is
<br />eor thereby iced. If sum restoration err repair is ace economi[.ally feasible err ri the sex uriry of this Mortgage would
<br />he shed. the itraae Ptmoeeth ahal! ire applied to the stems secured h}' this Mortgage, with rite exrxss, if any, paid
<br />8i 8aneower_ Lf the Prt~ctry a ahattdcmad b}' Horrovcr, err ii $attower faik to respaad to i.ender within 30 der}s from rho
<br />deg tteaiee is mailed by Linda to Harrvacr that rite M,~f,:vV carrier a[7ers to stttk a claim far insurance benefits, Leader
<br />ss atshesimd to txiiiaa aad apply rite ituairaace premed: at Lender's option either to [txtorasiaa qr repair of the Property
<br />a m the tzams stwvrsd lsg ~ Ids.
<br />I.e+ad~er attd $prrotver t+~:ra;;e apex °a ti„i•_tittg, any rtclr applicat~tt of R' to principal shall era. ~ztrnd
<br />err Poatpaae the dne ilea d the ramthly ststaBmatsts a~ared to in Paragraphs 1 and 2 htreaf or change the atntwn[ of
<br />teach S>tr. if tinder 1 t B isenan€ the Property b atxnured by Len[ier, ail right, title and interest of Borrower
<br />~ aad m asy iarraaaee pafides aad is and to [he prtweeds thettwf resttiting from damage to the Prnpcny Prior to the sale
<br />err shag pne m Leatta to the arm! of the stt~ secuued by this Mortgage immediately prior to such sale or
<br />4 Imssreadan read illdaserstrsecs of f~atds; Caodantleri~ Plaeaed U®t DerdOPaeam. Harrower
<br />ime#+ Bee P[t~aty ~ gwd r>rgair aad shag tsar etxarait waste qr permit impairment err deterioration of the Property
<br />aad ahtiil ogaiply with tire. proviaioat; oil nay Iaase if this Mortgage is as a leasehold. If [Iris Mortgage b on a unit in a
<br />aped err a plaaaed trrii detrcdnPmem., Hamster shall perform all of Borrower's obligations under [}+e declaration
<br />at sosaoaees err 3 for twndarninsum or planned unit devtlopmeat, zhe by-laws and regulations a€ the
<br />opstdamir'ps a punned tmi devdoPmeru, attd +xt~itumt doctmtents If a condotninit[ar or planned unit de+rlapment
<br />ritlot is used try Honotvtr rata xectaded tQgetlter with this Mortgage, the coveuanu and agreements of such rider
<br />aitts7l hp,imtrpepptaed lout aad abaB amend aad srrPPiemmt[ the ~vt[tants aad agreements of this Mortgage as if the rider
<br />was a Pegs hataaf.
<br />7. lt~alaGlaa +ti Laaiellr If Hturtt>3et €ads to perform the covenants and agreements contairted is this
<br />pr ~ nay aCltlnn oT a tad which materi:Iiy affecu Let[deis interc=~ in [he Properly,
<br />.ice, ha ace l hD. Bp~in, iauds~a.-y, cgrdc enforteatent. or araaagemenis or prgcetdin$s iavolvin$ a
<br />htatitt~t err datidaet, ~s Lsodar ra (,tender's oprian, upon nrxiee to Horrnwer, may make such appearances, disburse such
<br />mina and Let ttaeh action m ~ nuaeur¢y ao pet Lender"s interest, including. but not limited to, dislwrsetrtent of
<br />rsstgoeahie aka fees aad ~y tgtoa the Ptaperty to make repairs. If Lender required mortgage insurance as a
<br />ceasLtiaa of i the laaa see®ed by ~ Mottgaga, Homawcr shalt pay the premiruns required to maintain such
<br />its-laaa aHxt aou7 such tune as the regtr'scmem Lae inch imttraace tcrtninatcs in accordance with Borrgwei s and
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