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80-.x;31.'7
<br />Ux>POaM CovExexrs. Borrower anti Louder covenant and agree as fellows:
<br />1. Payment of Ptintipal and Interest. Borrower shalt promptly pay when due the principal of and interest on the
<br />iatkbtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any )rlrttrre Advances sECtered by this Mortgage.
<br />$ )~ for Tales and Inwtraate. Subject to applicable law or Fo a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Noce, until the Note is paid in full,
<br />a sum (herein °~nds") equal io one-twelfth of the yesrty taties and assessments which may attain priority over [his
<br />Martgagt, and ground rants on the Property, if any, plus onz-twelfth of yeazly premium installments for hazard insurance,
<br />plus o~twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />Sime #a time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Ftmds shall be held is an institution the deposits or accounts of which are insured or guaranteed h}' a Fedetat or
<br />state agency finclttding Linder if Linder is such an institution). Linder shaft apply the Futtds to pap said lases, assesstttents,
<br />insuranct pttiriltems and grotmd rents. Lender may not charge for so halting and applying the Funds, analyzing said account,
<br />ar verifying anti compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make Stich a chuge, Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on tlx FtFnds shall be paid to Borrower, acrd unless such atrcemrnt is made or applicable law
<br />requires stilt interest is be paid, Lender shall not be ttquized to pa}' Sorrawer any interest or comings oa the Funds. Lender
<br />shall givt to Borrower, without charge, as annual accounting of the Funds showing credits and debits to the Funds aad the
<br />ptF[pose for which each titbit to the Funds was made. Ibe Funds are pledged as additional security €or the sums secured
<br />this M
<br />~ i thethe amottni of the Funds hdd by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of ;saes, assessments, insurance premiums and ground rend, shall exceed [he amount required to pay said Lazes,
<br />aasesemtn~, insurance pr+aniutns and ground rents as they fall due, such excess shag be. at Borrower's option, either
<br />promptly rtpaid to Borrows- at credited to Borrower an monthly installtnen~s of Funds. !f the amount of the Funds
<br />hdd by Lender shall not Ix steH'lomt to pay rases, assessments, insurance premiums and ground rents as they fall dot,
<br />13tirrnwer shall pay to Lender any amount netxssar}' to make up the deficizncg within 30 days front the dart notice s mailed
<br />by Ltmder m Bprrowtr ta;ttesting payment thereof.
<br />Upon paymtmt in fu6 of all wins secured by [his Mortgage, !.ender shall promptly refund to Borrower any Funds
<br />held by Leadv. If tinder paragraph 18 hereof the Propem is sold or the Property is otherwise sequined 6y Lenckr, Lendtr
<br />~u ~~tu m t++.= than ;,+++.+'.t~+.,ty nrinr to the sale of the Protxrsy or its aegtrisition by Lender, any Funds held by
<br />I,mdnr at~ihe titnt of application as a ertdn agaittsr tht sunny secured by this INartgage.
<br />.3. A}gicafAstt d 1'ip^aeelt. Unless applicable law provides otherwise, ail payments rettived 6y Lender undei the
<br />3Vott sad paragraphs 1 and 2 lxreof shall be applied by 1_ender first in pa}tttent of amounts payable to Lender by Borrower
<br />Imder paragraph 2 hereof, thin m interest payable as the Nate, then m the principal of the Note, and thin to inures[ and
<br />ptiat~ml on any Ftxwr Advtttetxs
<br />~ C'i~ I3etac Borrowez shall pay all razes, assessments and odor charges, fines and impositions attributable to
<br />the Pmpaty sehith taay attain a priority over This Mortgage. and leasehold payments or gtourl rents, if any, in the manner
<br />provided enxttr para~sph 2 hereof ar, if rim paid in acetic manrxr, by Borrower rrtakiag payment, wlxn due, ditscdy to the
<br />payee . lgorm+ver shall promptly furaisit to Lender all vatic s of amouau dtx under this paragraph, and in the event
<br />ffouasrer shaIl matt payment diroctfy, Borrawxr shall promptly furnish to Leader rectipts evidencing such payments.
<br />I shall ptitmptEq d®dtarge any lirn which has priority over this Mortgage; provided, that Borrower shall no' be
<br />m disL~Yfatgt any such lira so ioilg ss Burrower snail agree in w~ritiag to the payment of tM obligation secured by
<br />~ lira in a manner ~ to l.+rndri, x shat! in good faith contest such litre by, or dtfend rnforctment of such lien in,
<br />Itgal ptoce~iags which aptxatt to prevent tht eafonounerrt of the iirn ar forfeiture of the Praptrty or aa} pan thereof.
<br />S. $tlteatl #~saace. Borrower shall keep the improvemntts craw existing or hereafter erected tut the Property insured
<br />kits by Sat, haLtids ieicleeded within the term "txtendtd coverage", act such otlxr harards as Lendtr may require
<br />rind at aich arawints and for wdt periods as Leader auy require; provided, that Letxier shall not require that the amount of
<br />auth ~ that amotttlt of rovnragt rtgr.::ed ra pay the sums mcured by this Mortgagt
<br />T>he iattattinee rattier providing tht i>a~ shall be chasm 6y Barinwer sub~ct ra approval by Leteder, provided,
<br />that wth appronaf s6arIl not be Frnt~cutalrly witlehdd_ Alt premiums an insurance pnlicia shall be paid in the enanncr
<br />ptotyded under ptip~rapit 2 h or, if not paid ire strrlt mantetr, by 13rvrrawer making payment, whrn title directly to the
<br />imataaes calxia.
<br />AB ~wraaoe polteies and t+ra>ev'als thtseoi shall be in form as~epFabk to Leader and shall inclrtde a standard rnortgagt
<br />t3larae a iavice of sad in #orm as to Lender. Lendtr shaft 1°ave the ri8hi ra ham the paf~-itx acrd renewals ihertaf,
<br />;(shay parnnpdy ftnntrh to Lmdti all rerxwal notices oral all receipts of paid premiums. in the event of loss,
<br />Illottasr~ sltafl pxr prompt antics to rite itistnantx carrier and Lem#zr. La-t d~ ray makt p:cxf of ~ if net mad: promptly
<br />hY Sorsawex.
<br />t]>~ Lender sad 8 ttthea'wise agrtt st wtitug, insurance praccsdx shall Ix applied hi restarat~n or repair of
<br />the p>~Y damaged, pmvit$d each restortnian or repair ss ecotwxni;cally feasible and the security of this Mortgage is
<br />3f >aa~ ttstoryuiost of repair is tx}t a-^ooamicaliy foasibk ar tf :lit stxuraty of this Mortgage would
<br />not daatahY iiagiairad.
<br />lot ice, flat imtFtae•.ex peooeeds shall §e applied to the sums secured by this Mortgage. h'ith the txctss, if any, paid
<br />to Bprtr>a~ fd [ht Pnopmty s alratldottod try }kirrower, or it f3oitxtwer tails to respond to Letrdtr wrthtn 30 days from the
<br />t~ aotitt is tnat7od lsv Laoda~ w 13arraver that the /e.»uraucx carrier adtn to ssrtk a claim for iasurantt ixne6ts, Lendtr
<br />ie ,iatthnriaad m tolfect sad apply the insnraaa: proceeds at Lxndrr'x option txlhta FO teiFnrallaa Or repair of the Property
<br />or zo ffie anew aecuiod by tSa lt3ar(grltc.
<br />L.}aier Leta~r and Hunowa ttthtruist agree to wriLirFB. nay su.-h application at prteeeefs to prtrcipal shall not extend
<br />iii puwRpnme tht dare ~ s8 the monthly ~ r~ttred Fa in paragr-.pttx :and 2 tseneaf :;r change the ateraunt of
<br />artc?k - 2f ttetdat paatpaph 1$ frertxst the Prapttty is acgwrai by Ltrsdtr, all nght, title acrd interest of Ba'rower
<br />~ aid ~ aaY iamranae palrtan sad is sad io tree ptt~eeds thertot rewititlg from damage to the Proptrr}• prior iO the sale
<br />of aoq~tto ~ pain to 1.onda to the txteat ~ the saints secured b} this Mortgage immediaicly prior to such yak or
<br />ao9
<br />i, llrrtasa•afei ad sd t3sPtsi}; Irk Cawdeaiaalrmc: Pt~eed [l>m I)esdo~uataK. liotrowzt
<br />aimli ~P lie ~P'a'tY in good rtpara mf; shall >~ cximnar wane or ptrmit impalrmcat or deferiaratian of the Praperi}.
<br />y,~ , ta>a~ wills dre ~ sd env ]tact d tans ldartr is as a kaathold. li this Mortgage is on a unit in a
<br />anadosimtm o: a plaaaod tmiF best, Bonawxr shall perform all of Bor•rawer's c+bfrgatiotu under tare dcclazaiion
<br />Q iaoaeaaasts E zx l the eomiasrsmittm or plaatxd unit deve#opaitnt, the by-la>ks and regulations of rho
<br />ooadotai~ta m pr,anaad risk ~, sad t:arotirutiu documenu. If a cundaaninium or planned umt devrlopretent
<br />flash' ffi ~ttptd !y Ham` arssi rxardtd tagathtr wish this Mrvt;agt, the ravrnants and agrrcmtnts of srtch riiirr
<br />afiaaY he ~ ittm atnd #~ and supo~aeat Fart ; osenaatis and a=rrstmenls of this Merngsge as ri the rider
<br />raaxna s paati lteeint,
<br />S. 1 yt jatldw*a 1Ritad4. i€ Bamo+aer fails to perform the aavtnamts and agrstmrnts contarned in this
<br />m ~ ~, aGtiua ~ ~ zt which :nalteria!!y aHacts Lcnder't i»rtrxst ir. the Pr,perty,
<br />'gat not lhsilad ao, erttdaran daaaaain. i~lveirc}r. code tt3farcttacrll. ar arrangerttetsts or proctsdings invoivsng a
<br />i3f „ .loan Litidir at Later"a apEiOa, tigsat turtiCt to Borrower: may nrakt such agpeuan.:e., disburse, such
<br />fti~ ofd lift aYCli1 atzlaia it{ is aY m grtreect l.nodcr`s mitrtMx, rrx.lrnlit~, hu! twt timutd to. drsbursemcnt of
<br />tiaai9ad:+le a"a fin sad ~ >~ tilt Proptriy to ntakt rtpairs. tf Luxiee ezyuired nrrrtgage i»surancc as a
<br />traa~aiOt a[ t lift Itt~ teeatsad $~^ rtes bAtNr;ajbt. l~m+wtr shaft pa}- the prcmiiirnx rtgvued t,~ matntanr si,.h
<br />®aptiyctt in aQeet ttsa0 Fvadt limit ~aa the :agtdteasxdlf €or sttrh urwranct term.trates is a~xvirda.».r ,v+th Borrower's wind
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