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79- f9~~1.;2Ei
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Pt'fnclpat and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Nate, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Taws and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />I~j to Lender on the day monthly installments of grincipal and interest are payable under the Note, until the Note is paid in full,
<br />+`*N~7 a sum (herein "Funds") equal to one-twelfth of the yearly tales and assessments which may attain prioz.ty over this
<br />Martgage, and ground rents on the Property. if any, phis one-twelfth of yearly premmm installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, a8 as rctuonably estimated initially and from
<br />time to time by Lender on the basis ^f assessments and bills and reasonable estimates thereof.
<br />Thi Funds shat! he held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institwion). !..ender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may nut charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments anJ bills, unless Lender pays Bort^wer interest on the Funds and applicable law
<br />permits Lender to make such a charge, Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest nn the Funds shall he paid to Burrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not fie required m pay Rorrower any interest or earnings nn the Funds. Lender
<br />shall give to Borrower, without charge, an aortas! acamnting of the Funds showing credits and debits to the Funds and the
<br />" purpose for which each debit to the Funds was mach The Funds are pledged as aJditienat security far the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held 6y Lendec together with the future monthly installments of Funds payable prior to
<br />the due Jates of taxes, assessments, insurance premiums anJ ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such zzcess shall be, at Borrower's option, either
<br />promptly repaid to Borrower ar iredited W Borrower nn monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance pmmiums and ground rents as they fall due,
<br />Borrower shalt pay to Lender :my amount necessary to make up the deficiency wdthin 30 days from [he Jate notice is mailed
<br />by Lender to Borrower requesting payment thereat.
<br />' Upon payment m full ^f a0 sums secured by rhos Mortgage, Lender shall promptly refund to Borrower any Funds
<br />' ~ held by L.znder. (f ands: paragraph IS hecaaf the Property zs sold nr the Propzny rs otherwise acgwred 6y Lender, Lender
<br />shall apply, no later than itnmediatcfy~prior to the sale of the Property m' its ucyuisuion 6y Lender, any Funds he1J by
<br />' Lender at the time of sgplication us a credit aganst the sums secured by thzs Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />~~ Note :and paragraphs l and °,- hereof shall be applied by Lender first m pa}went of amounts payable to Lender by Borrower
<br />~, under paragraph 1 hereof, then to interest payable on the Notz, then to the principal tit the Note, and then to interest and
<br />principal ^n any Future Advances.
<br />4. fharges; Liens. Borrower shalt pay all razes. ussessmer. is and other charges, tines anJ zrnpositions atiributa6le to
<br />the Property which may attain a priority over this Martgage. and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph Z hereof or. if not paid in such manner, by Borrawer making pa}'mzn[, when due, directly [a the
<br />payee thereat. Borrower shat) promptly furnish to Lender ulI nouccs of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly turntsh to t_rnder receipts evidincmg such payments.
<br />Burrower shall promptly discharge any lien which has priority over this Mortgage: provided. that Harrower shall not he
<br />required to discharge any such lien su long as Borrower shall agree in writing to the pa}'tnent tit the ohhgatiurt secured ht•
<br />~, such lien ht a manner acceptable to Lender, or shall tit goo) faith contest such lien by, ar defend cntarcement tit such lien in,
<br />- tips! pr^eczdings which operate to przven[ the enfr+rcimin[ of the lien or Corfethtre of the Property or any pan thereot.
<br />' S. Hexard ^tsurance, Borrower shall keep tkc improvements now caisting ^r hir,attir rricinJ tin the Prnpirt}• ,nxucJ
<br />„ ~ ~, against loss ky firz, h:uartls include) within the tent "es[endiJ coverage": and such other huaards as l:znder may reyuirz
<br />anJ m such :.mounts sod for such penoJs as Le-ndcr may requzrr; provzdrJ, that tinder shad not nquirc that the :uuount tit
<br />~. such aru.=.ragc zzrerzi that arnez:nt of ~_?v::ragr reiFrzneJ te, nut the ,urns :ect:reJ by th,s Morrgugg.
<br />i'hz insurance earner pn?viding the insurance shalt be chosen by Barrowrr subject to approval by LznJzr provide).
<br />'. tftal slick dtppravif chat! slut ~ unr+;n:bl- ~ithbti[d. All peenztta~*- ozi inszrrttrtcr )xr31tci2s shalt b#: pa1J in shy En~iti<r
<br />_'- _ pra?vidid utidzr purag_rsp_h herz^f ur. J zut f?;tid iu suc_n matuEer, by Borrower ?nakzng payment, whets Joe,-Jzrrk'Ely ro Eke
<br />insurance carrier.
<br />AFI insurauii pohzaev and rnniwals thumot shall be m tarot acecpuablr to Lender ,md ;hall uzcludr a ;umdurd nua'tgugi
<br />clause in 2`avor of anJ m farm uccep[uble to Linder. Lender sh:Jl hour the right to holJ tkr pulia'ies :uiJ ruucwats theroo[.
<br />and Burrower shall promptly furnish to Linder aFl ronewal nouczs anJ all recezpts tit pa,d premiums. In the cecnt of fuss,
<br />Borrower sh.tll grve prompt ounce w the insurance arrncr unJ I_zudar. Lender may make pru^t of toss zt not mule promptly
<br />by Harrower
<br />Unless F-ender anJ Bonuwer otherwae agree in writing, insurance pnzaerds shall tx applied to restoration or repair of
<br />thz PropirtY damaged, ptx,vzdiU such rosturauan ur repair as ecunootically leasiblc anti ilia sccu[ity of this Marlgagi z.
<br />not thereby itnpaur`J. Ii lush rrsWntnon or repair to not rcunuuniully fqusibte ur ii the sicunty cf this Murtgagi would
<br />t?e tinpatreJ, the insurance prvieicis ,hall ke uppheJ ui the sums sirurzJ by thts Mortgage, wuh the excess, if :toy, pat)
<br />to Born,wcr It the Yn,prrty is abandoned by Borrower, ur rt Horn?wdr tuts u? respuaJ w Loader wtthm 3b days from the
<br />Jam native a mmirJ by LduJer m Born>wcr that rho ntauranci career afters nr senlr a d-uim for msuraucl: benihts, LrnJtr
<br />is author~zeJ to collect anJ apply zhe mstirancz pntedaJs ;u LcuJrr's Dynan euhir to rdslorunon ur trysts of the Prapcrq~
<br />^r to ihr sums weurzJ b} thzs Mungaltr.
<br />LlnWss t.r-nJef and Baru?wrt uthirwzsz :r~Zizr nt writing. arty such upphculion at Irrazrrdds to grmcrpaN sFtat! rtnt ruettJ
<br />or postpone the Joe Jule of the monthly instuFFmrnts rrtdrred Eu to purutiraphs t unJ _' herre,t t?r chanµi the amount of
<br />such ms[upmdnts. It uuJat paragraph t!1 herds[ the Pruperry is acqutritt ky 1.znJdr, all right, Gttc anJ iaterrst aC Rorrower
<br />in and u? any insuuwer pohcitu anJ in anJ t^ the prncedc)s there,>t resulting from Damage to the Yropr<rq• ;.?liar to the= sate
<br />or aiyuisihun shall pans to Lender to the ^ziznt of the soots ~.y;ureJ t,y thu Morgage tutntrsliatdly pizaz .+_ .,z,-h 4ale .?r
<br />aLClniaiiivn,
<br />4. Yrrsenation twd "rlaintt:niwce of lhoprrx}; Le~seaulds; tuadoutittiumst Ytauued itttl Iles~cl+apwenis. 13arra?u rr
<br />shall keep [hc Property m goad eepaVr and shall not cautmit wa3t+: ur ~rnut tmparrmetit ur detznaeauurt of Ihm Yroperty
<br />and shall comply with ihi pruviswns of any Isaac zt rhzs Moetgagr is s,n a tcasrtaolJ. It thta Morttuta is ,u..t unu in a
<br />conJomimum ar s planned amt deviiapment, Borrawer ,fiat! pirtann all ezf Hartrower's ._,bhg.utoni uuJzt the Jzcfaratiott
<br />or covenants crmdutg or govinnng the conJam:mum ur planned unit devclopnmut, qu hy~law.c ,anJ regulations of the
<br />cundranmmuz ua planned unit Jzv'rlot?mzuL .end wits[eluent Juasnnrut,- 11' a auudanunium or plautx•J anti +k?elopnrpni
<br />ndcr .s czicureJ h} Borruwcr uuJ tram JiJ iukcthrr wzih thrc Mortgage, the aovinan[s anal at;rcentcnt+ ~~l waFt tnlei
<br />shalt tse u'icarpurateJ iota anJ shall amen) and sugpFement thz catanants unJ ugtientcuts .N dos Murtgagi :u rC zhe lido
<br />' were a part hcriof.
<br />7, PrtNectiat of Lirtdeis Security. It Barrawnr null to ~-dorm the covenants and agrremrnu uint:uniJ .n zks
<br />.Martgaya, pr if atlY acnun or grUCV•tJtng s r+mnicnacd which mamrialit :JI'cus Lruders uuricst let the Pw~,ty,
<br />vtciudztzg, kut rut hmdcd to, erty odor domain, insolcettcv. caJn snlorccrosut, ur .u ranKcntc Mn ,n Pnwridings nn•atving a
<br />. ~ t?arrktupt or Jrtietknt. thin i-enJir at LenJz~'s aptiou, upon nonce to Rurruwzt', ,na}- ninkr su.h .~ppcar:.nars, Jrsbur.e uich
<br />Donis and take such :n~tiat: ar. is r?iczssat, to pr.u~t I_rnder's interest. ,nc€udu?g, tai oat tamneJ to, dtxburscrttent e,f
<br />rcau)itaF>)C aiiprn[; ~'\ iC43 ar?tl miry iipali (he Prapcrit to make Eep. ^tr'i. li {.c'iia{cf rict4nrcil ina~.tgagr lttsU~a,Pll:- -\!
<br />rpndiuan alt rnaku?g thz luau sviurdd fig this Monxage, Harrower shat! pa}- Ihr. prriumut~ !iqurzed to oEa__t,t-~ iu..h
<br />insurance to ztfrcl untif ;ach time :rs the r'cuuttcmant fqt such ntsutante. trmm~atcs zn raci?rdauat u,th IIy, "wifs attJ
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