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<br />I;NtFt}aM Cav>rtv,st+rs. Borrower and Larder covenant and agree as follows: <br />1. i°spmtai of Priwripd d ltdrrW. 8mnrwet shall promptly pay w-sten clue [he principal of and iaterrst on the <br />indebtedrsess eviderued h!r the Vote. prepayttteai and foie charge as provided in tits Note, and tht principal of and interest <br />an any Future Advsaccs stttued by this Matgage. <br />2. )Panda for T~s staff imitravrs. Subject to applicable law or to a wtittea waiver by tender, Horrawu shall pay <br />to Lender on the day rstatthly trrstalltttenu of principal amS inteugt arc payable alder the Note, until the Note is paid in full, <br />a start fherein "Funds") equal to tine-twelfth of the yearly to;es and asxasments which may attain priority Duet this <br />Mortgage, and ground rcnes on the Property, if any, pltn ano-twdhh of yearly premium installments for hazard irwrrance. <br />plus oae-twelfth of yearly premittm installments for mortgage irmtrance. if any, all as reasonably ptimatrsd initially and from <br />tirru to time by Lender ar. the basis of assessments and bills and reitsooabk primates thereof. <br />The Funds shall he held in an inrdturion the dttpoaitn or acczntals of which are ittsured or guaranteed by a Federal or <br />state aRrrx:y ~ inCludrng i.e[trier ii i.ender n such an iuaiiiauufi i. i_aw'u: >i , appij ttiE ~:;6db t6 ^^•, `^•~ t~~G°, ~..,°~.Ylttett", <br />W! "` <br />imtna[tce premiums and ground rents. I.endu may not ctruge tar so holding and applying the Futtds, analyzing said account, <br />ar venfytng and ~~>rnpriing said assrssrrrents and bills, unless l.eodet pays Borrower intttpt oo [Iu Frsads and aPpt'tcaWe taw <br />petmrts Lender to make such a charge Borrower and Lender may egret in writing at the time of exavtion of this <br />Mortgage that .nterest on the Funds shall hx pall to Borrtnver, aid unle~ such agreement is made or applicable law <br />requires atuh tnterrst to is pa,d. I,cndtr shall not tx regttired to pay Borrower any interest or earnings on the Futids. Lender <br />shall give to &urawrr. wuhout ehargt, an annual accouming of the Furls st,awing credits and debits to the Funds and the <br />lalrtx~ for which each debit to the Funds was made. T1se Funds arc ptedgtd as additional security for the sttrrta stcared <br />6y thts Mortgage <br />If the amount of the Funds held by tinder. together with tht future monthly installments of Ftmda payable prior to <br />the due dates of razes, assessments. insurance premiums and groursd rents, shalt exceed tht amount required to pay said taxes. <br />assessments. tnsuranu premiums and gruurd rents as they fall due. such excess shall >x, at 8atrower's option, either <br />promptly repaui to Borrower ar crttsfsted to Borrower on monthly tnstalltttenta of Funds. If the arnotmt of the Fttndt <br />held by Lender shall not be srafficierst to pay taxes, assessmenu, insurance prcmituns and groutd rents as they fall due. <br />Borrower shall psy to l.endcr any amount rteccssxry to make up the deficiency within 3p days from the data notice is mailtxl <br />by Lender to &xrower rcrluestrng payment thererYf. <br />1lprtn payment rn full of all sums secured by this Mangage, tender stall prort[ptly refund to Borrower any Funds <br />heW 6y under. tt under paragraph IN latent the Propctty is sold or the Property is otherwise acgwted by teller, Lender <br />shalt apply, no later than immediately prior u, the sale of the Property nr its acquisition by Cinder, any Funds held by <br />Lender at the time uz application as a cradle against the sumo secured by this Mattgage. <br />3. AppNcatioa o! Ptiyta>eat~, Unless apphcabk law provides otherwise, all payments received by Lender seller the <br />!vote and t.aragraphs E arsd 2 barest s.'satt tse app:rr-d by C,rnder first rn payment :f amounu pJyabfa to L.enckr by Harrower <br />under paragraph ? hereof. then to mrerest payable rm the !lose. then to the pnrcipal of ttte Nae, and then to inteteu and <br />pnrtctpal on any Future Advances. <br />d. CGwgea; FJens. Baxrowrr •.h;sEl pay all ta.zts. assessments and rnhcr charges, fines and impositions attributable to <br />the Properly which may attaxr a prsoruy over this Mortgage. and ltasehold paytneats ur ground rents, if any, in the rrtanner <br />provided unater paragraph 2 barest ar. ,f oat pard ;n such manner, by Borrower making payment, when dtte, direct}y ro the <br />payee thcrra?r. Borrower shalt prcxnptty turntsh to Leader all notices of a[aounts due under thsa paragraph, and in the event <br />8orrowcr shalt make paytrsent ilvectty, Berrowsr shall promptly furnish to Lender receipts evidenc:tng such payments. <br />Borrtwer shall ~ ntmprly discharge any lien which has prr<,rtty ,,sir this Mottgagr: proveded, that Harrower shat! oat tx <br />cryutred ta: discharge env such lien x, tans as Harruwcr shall agree to wrrttng u, the payment vii the obligation secured by <br />such hen to a mxnrur aceeptab{c ra 1 ender, or shall m geed fauh cuntcYt such Iten hy, ur defend enforcement of such lion in, <br />legal ptviceedmgs wh,ch operate to prevent the enforcement tit the hen ar torfauure of the property ur any pan thereof. <br />~. Hurud Irwrarce. tlorrmver shaft keep the tmprovement~ now carsung or hereatttr erected on the Property insured <br />at~xutst trsss by fire, haxxrds trtcludtd ws1Mn the term "rztettdeil .:uverxs^r", and such other hazards as Lettdet may rttyufre <br />snit to such amounts and fi+r swh Iwtads a~ Lender may regwre, prnvtdeil. that tender shalt nrn rcgwrc that rhr amtxmt tit <br />such tt,s'erasc c!tcced that amourtt r+f coverage rra}uued ts> par the hums ses,urcd nv this Mortgage- <br />'The insurance ,:artier provd,ng the tnsurant:e shall is .:htxen by &>rrower vr:btect to approval by Lender. provtrkd, <br />that such approval shall not tx- :;nreaLnxrahly wuishefd. .4Sf premiums ant inwrartne poi,ctes ehatl he pard to flee manna <br />provtdci utukr paragraph Z hereof ar, :i tear[ peril in such mant,rr, by &?rm,rer making payrr[ent, wfwn due, Strectfy to the <br />rnstsransr cursor. <br />Aii tnsurancc t>tH.irs xud trttewals thrrcai shalt t?c to farm acccpt.trk ra I sander -and shat! utcittde .+ standard rttnri;:age <br />:=tattle ;:: fay+t :?f sad :n farm a:s:eprafsle tss Ccttder. Lerrittr shalt have the rsght t.; hcsid the paliies artei rertcwais t"rsercaf, <br />and &srruwrr ,hall arumpUy ftxrtah to larrtder all removal n+xtcr~ and all recrtpts~ of pail prerosun,+. In tlbr event at loss, <br />$arrt+wer shall geye pri rope natter t., the insurance carrier .rut i.onaitr i toper may mike prrwi ,,t Sons if not made Itmmprly <br />}•v &•r••,•.rr <br />links! Itndcr end Borrower cxhrrwix agree to wrong, insurance praweeds sitaii fx appltcd to rest:+ntir•.^. ^r •epa+r „r' <br />the Frerperty .tamagril, pravr.4u1 ,ash re+axatton ur reparr is ea;otwrnicatly t€axrbir attd rhr st~uriry of this Mortgage r. <br />real thereby tmpxircd. It sand resraaau~vt w reparr rs na+t c<oraunn:aliy feasrbie tit rl the sr~s:urrlY of this Mottgase would <br />Is tmparrrd. rhr ,uuarao,.a pr,xesda .Hall be apptred ro rhr stuns secured by this Mortgage, with rhr ¢scesa, if any, pad <br />to llorrvwer It the properit r, abanils=rtcaf M Ciorrowcr, ar tt Borrower farts to respond to 1._eiu'kr wtthm 3U days tram the <br />date rsawce rs ir:asleil by t.ers,ler to 6,.un,wcr the! the imurarur tattler alters ra settle a claim fur insurance tsnefits, Lendrer <br />is auttwrtiW to .alte~t oral apps} t}sc :nsura~e ptt,aated- at l.rrulcr's srpttaa rsthet to rpiasration ur reparr tai the Property <br />or to thtr sums era-atop try ing Mott~ae. <br />Utdesa I.etxirr and Horrvwrt athcrwsrc agree .n wasting, any xruh applicxuun a,( pnx:eedx to prtrtcrpal shill naM ezeerxt <br />ur pasWpt,rre the due pile ar rhr rrwtnthfv tn~f3rtsrntz rrterrcd to in paragraphs ! and ? hereof or ::boost the antount ,>f <br />strip tnstallrrsntx tt uuskr puagsrpA sx hera» rhr Pruperh~ is a~yuurd h}~ I.er,der, all nght, ntlc and +ntcritat al Itc>rrower <br />in a,xt to env ussurarne poita:ies arwl in .nd to rtic prtx.ersts tftcrsxtf restilung front dxntase to the Propenv poor to tMt sale <br />or acelusstuaxn snarl posy to 1_rri}er t.+ the extent of the surtui ses;ur,xl by this Murrgxg€ ~mtrstdtateiy pour to wch sale ar <br />acyttssttst>n. <br />b. !'Reervailar atsti i~aitsssearsca rsf Prepessyt C.,eaatdsel/at C~ IPhwaaA Ui-i! Cleseia~asaekt, Ihxrawer <br />shall keep the pn,perty +r, gua,t{ reparr and shall trot caeapltt waste or perr»tt .mpxrrrna,tr ur aktrsrxsratiaHS of the Proper!}' <br />aril sfsalt ctgrtpfy w,th the ptovtsurna c1 any lease +t this MrxtgagC rs art a fraathatd. t! ttw ItCuttftagr ss tin a nnu rn a <br />c<xtriomiruurn ,,t a pfartrred unit .trort+*pmrnt, Ik,rrowrr snarl ptrfaxm all of Bnrrowrr s „trhganons undrt the dtafxtatr+rn <br />ur ;:srvcsants crrstsng ,» g;?veKnrng the c:ntdtsm:arum nr pfxnrred tsnis ley€tr:pm€rts, else- by-laws and raps+lxttosr, ,rf rhr <br />4iq`tsbOSxusussnr „# ldannesi unit dtvrk>pirtau. and ca~tittrsurt skacssrrxnts t} a c.ana+annnsum or planttrd utter clrvrlopnter,t <br />rtdar rs esa. atop !sy 13orrsawer seat rsta<e,aled zagrth€r alto tors MsutYase, t~ .:>vrnants attd asrccmertrv .+t Binh oiler <br />sltxll lsit +nrtyrpotared stRcr seed ttbal2 amend amt suppfrssrsm the cravananis amt asree[nartts of tors Mortgage as .t rhr rtakr <br />ware :. }>+art irerrof <br />7. irMettiaet a1 f.ssr4sr's SisrtwYy. If Harrower t~aSs tc~ prrfatrn rhr c+*vrn.rxs and aytrsrrtrr±tis ~art.tatuxsi }r. the, <br />hlorrgtt~r, ~++ ;f any at:trrsa .,r prracrMi,ng ,+ ~:.vnntsncrd whran mxtcruliv allra:ts t a~txlrr s interest rn the I'~aprrty. <br />u'altairn(R, tsar rts,t !i[nettal tai, asttnent rla+rnxrls, rrtsalvssicy, axle €ntcus:errscsst. or arrangcmrms <~r prcw'rsdings irrva>Ivins a <br />hrsnirupt ar dawcuiwns, then f trruirr at ieador's ,+ptra.n, upem rxNnce to Brxrawcr. sus miler stash appearances. ,h.ht,rvt ,uah <br />stuns app rairtt sur;h »ctxars as rr tssc.~tsa,y ta; prattacr 1_ensler s =ntrres[, :r+cfsnJtn*. ;,;,t txa irmurd [.., .tccburaemrnt „e <br />r+n-ter-',rsa[ssr a+urrtsa}• a .r:s strop znarv upon rhr przaprriy :o rnakr rrpuerw i.r Y.erssu•r rcyturcai morlttagr +ns,+ran:r . .. <br />;:.malitiarc, +>f nsak<ng its k>an arxuraai 8y +. his flfi'arig.attr. Hc,rrt,over s3txiS gay -hr t?t c'mturttU ;cyuirrd t„ n,amtant w+..1t <br />41gq,r srnGSe st> rftiirr ssrittQ asx:ts t,r~s as tnr raysrsda+tae@t list sus~h +r,twrarw:s rrrt±>utatcs ;n a.'ccsrdarx.r w;th Narn~w€rs any <br />