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<br />Uxmoaat Covsxexzs. Borrower and Lender covenant and agree as follows:
<br />1. Paymeat of Principal sod Interest. Borrower shall promptly pay when due .he principal of and interest on [he
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Mortgage.
<br />2 Fonds for Taaes and IaRatance. Subject io spphcable law or is a wrtten waiver by Lender, Borrower shall pay
<br />to Lender 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 "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority aver ihis
<br />Mortgage, and ground rents on the Property, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments far mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to dine by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />Tlae Ftinds shalt be herd in an institution the deposits or accounts of which are insured or guaranteed 6y a Federal or
<br />state agency (including Lender if Lender is such an itt-stimtion). Lender shall apply the Funds to pay said taxes, assessments,
<br />irsstsrlt°~ gzmiutrs and ground rents. Lender map riot c2'arge (ar so Folding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permltr Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest io be paid, Lender shall not be required to pay Borrower any interest or comings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />Ixtrpase for whitt* each debit to the Fonds was made. The Funds are pledged az additions[ security for the sums secured
<br />by this Mortgage.
<br />Lf the amotm*. of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, itssurance premiums and ground rents, shoe, exceed the amount required to pay said fazes,
<br />a~~c,+,P..g, insurance premiums and ground rents as they fall due, such excess shalt be, at Barraw-er's option, either
<br />ptumgdy repaid fo Borrower at credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />hdd by Leader shall not be suffiaeat to gay texts, assessmtna, insurance premiums snd ground rents as they fall due,
<br />Harrower shall pap to Lender any amount necessan~ to make up the deficienc}' within 30 days from the date notice is mailed
<br />by Lr~er is Borrower requesting pa}meni thereof.
<br />Upoa payment in fvH of all sums secured by this Siortgage. Lender shalt promptly refund to Harrower any Funds
<br />hthf by Lender. If antler paragraph Ig hereof the Propert} is xld ar the Proptnc is otherwise acquired by Lender, Lender
<br />shall apply, rte later than ittintediately prior to the sale of the Property- or its acquisition b}' Lender, am' Funds held by
<br />Leader at the timt of application as a credit against the sunss secured h}• this Mortgage.
<br />3. Apiplieatiea at Pgymrata L'nkss applicable law pmvadts other,vi>e, all payments received by Lender under the
<br />Note and paragraphs 1 apd 2 henYif shall be applied by Lender first in payment of amounts payable to Lender by Sarrawtr
<br />under paragraph 2 htteof, then to interest payable on the Note. [lien to the principal of the Nara and then to interest and
<br />pttncipal an any Furtire Advances.
<br />0. Chi I3eas. Harrower shall pay all texts, assessments and tither charges. fines and impasitinns attributable to
<br />tht Property which may attain a priority aver [his Mortgage, and leasehold payments or ¢reund rents. if an}•, in the mantxr
<br />proviskd tinder pat graph 2 hereof or, if not paid in such manner. by Ha~rouer making payment, when due, directly to ttx
<br />payee tbrreof. Horraiver shall promptly furnish to Lender all n~tixs of amounts due vrtder ihis paragraph, and in the event
<br />Boaxoaer ihali snake gayta>ent directly, Borrower shalE praniptty furnish to Lender receipts evidencing such payments,
<br />Bortoser sisal' priwpth discltargt any lien which has priority over ihis Aortgage; provided. that Borrower shalt not be
<br />required to discharge any ssech litre so Song as Borrower shat? aeree in u-riling is the payment of the obiigatinn secured 6y
<br />such lira is s ataaatr ac¢piaMe to Ltadtr, ar shall in goad faith contest such lien by, or defend entarcement of such lien in,
<br />][gal ptnxadurgs which operate to pm~ent the enfor~~etntnt of thexien or forfeiture of the Property or anti- part thereof.
<br />3. Hmrd Lsmat•ee. Borrower shall keep the imgrovtments now existing or hereaftu erected en the Property insured
<br />against Ions by' fire, hazarxls iachdett within rite ttrtn 'Yxrtnded coverage", and such othu hazards as Leader may require
<br />and fa such armw3nts and for ssrcli periods as Lender may rtquirr; provided, that Lender shat! riot require that the amaum of
<br />suds wveragt ea.•aed that amount of coverage r_auirrd to pay the sums securrd by this Mortgage.
<br />the inssrranx cattier providing the insurance shall be chosen by Harrower subjttt to approval by Lender, provided,
<br />tlttn such .epgmval shed! oat be uturasa-tahty u7rhSxt~ Ail premiums iui insurance peliuts shall >ae paid in [ht manner
<br />ptva~ided trader paragraph 2 F>faeof ar, i# rite paid in such manner, by Barrouu making payment, when due, direttiy to tlx
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<br />AH iasvtantt paliz`ins and renewals thereof shall be in form acceptable to ixndtr and >hal2 include a standard mortgage
<br />clatrse is favor of s~ in farm acceptable w Linder. Lender shall have tbe right io izild the palitits and rtntwak thereof,
<br />sad Bmrowsr sliait protaptl}' ftunish to Lender ail renewal nau ~es and all rt~ipts of paid premiums In the event et lass,
<br />Hoctciwer shall give pvaxrxtpt natix to the insurance carrier and Linder. Lxn•+er .;.a} rsake prk f at ass ii not made Prompt!}
<br />b3 a ="•'~
<br />Uzato~ Lender and $ffirowrs oihtrw°ist agree a~ writing, insurance praeads shat; bt applied to restoration or repair of
<br />the Ptasptny datttagtd, provided such restatarrtur ar repair r tcanavnicaily ftasit+le and the sit;urit}• of this \iortgage is
<br />trot thueby itrtpaered. if soh restoration ar :epee is not r,attomicali}' feasible ar ii the stcurin~ of this ?slartgage would
<br />he ir~sairmd, rise insuraritt proaroeds shall bt applied [o the sums secured by this Mortgage. oath the ezctss, if an}> Paid
<br />to B~~rawer. !f the Propem~ s abandoned t+} B.vrv+we;, or st Borrawtr foals t, itspond to Lrnder within 3tJ days from the
<br />Sate notice tr tnailod by Lrnder to Borrower shat the sttsuran~x :-atria nr3trs io set**-le a claim far insurance benefits, Lcndzr
<br />is authorimd to ~llesx and apld}• the insutaix~^t pr-sxrd; at l.ttider's agtina eibtr to restoration or repair of the Propert}•
<br />ar to [lit soma soctuatf in• this ~nrtgagt,
<br />Uairss Lrnder amt Hiurnwer ai}ee~ise agree :n wvxting, an} such application at pr,nceeds to pnncrpal shall not extcttd
<br />ar postpone ttfe dsrc date of the inmth)j instaltmenu referred io in paragraphs 1 and 2 hereof ar change the amount ai
<br />rrr,~t i~"°-•-" L# tt= }iar~,a}-c`, i8 lteta-tf ibt F'r~,pzar: es a~zluirr.~ by Lender, ail right, title and interest of Harrnutr
<br />is anti to arty intarranx palieirs attd in and t, the pracd~.s tLter~a,f resulting from damage io the Property prior to the sale
<br />~ a~'~-'~• s3saL' pass to Lan'.rt; to tl~ ;«rittrt cS ;ire sun•,s sczutea 'n} thin 33at2gag~ ;rituicdiatciy prior [u such sale or
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<br />6 1~'a~an aoi ?ilaiattaae~ ~ ]!hopem; Leaae;beidt:; Condominiums; Plsaend Unit Dexe{opmeafs" Borrower
<br />shall keep tht Properly itr gw,ct stair and shalt tux: cigrrtnxit waste ar perm:[ impairment or deieriarauan of the Prapeny
<br />a~ shall y ndtlt the pruvisinns of tie}' least rf tins Mortgage rs on a itasehald. It this ,llongage is on a trait in a
<br />coedomiaium ar a p}anttai 1ffiti dreeaagmtnt, Borrower shall perform all of Bttrmw•ti s o63igatitsns under the declaration
<br />or ooveartatr crtatiag ~ govttnitts the cottdatninium ar planned unit development, the 6y-laws and regulations of the
<br />c~dnsaittittm tx plaarxd writ devrktpmeni, assd oanuirucnt 3o:.umtnts. It s condominium or planned amt devciapment
<br />tides tr esscuud by Borrower acrd recorded uxgethcr oath this Marigagc, the covenants and agreemrnts of such rider
<br />ahsH he ineotponted iota sad shall arrtead and suppletrten[ the covenants and agreements of this Mortgage as al the rider
<br />++~ :part .
<br />?• ?mtaesisa d I.oaiar=r Salary. If Bormwtr fails to perform the covwants and agreements contained in this
<br />lSejtt[.ajt, a' if say aetim or proca~ia= is commenxd whicfi ntaierially atfe:.is Lender's intutn is the Property,
<br />iacludiop„ but ape Imvtad ta, auirteni damaitt. inxlvtatry, code enforcement, or arrangements ar proceedings snvolving a
<br />braktirpt eta de~~aL flan Linder at Leitdor's option, upnss aaii.-e [O Jiarzawer, may make such appearances, dtsbutsr such
<br />awns a~i tales itch action as :a r~ssry tc prattzt I_endtr"s imerest, snctud,ng. but oat limited ia, dtsburstmrnt s~,
<br />te»aoal>ie attartxy's foe and etttrp tspoa the Property :n make repairs. if Lrnder rcquind mortgage insurance a+ ,t
<br />risen of rrrakiriq tlx lawn aatutnti !»~ this Mcrtgage, Harrower shall pay the premiums regwred t„ maintain s.ich
<br />itttauanx is cfieet ttnril such tine as the regttirerntat far such insurance terminates m accordance with Bor>vawer's and
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