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<br />t. xtFOttM t.6v`E+sirs Borrower aed Lender covenant and agree err ftHWws:
<br />I. Tayesent of PrirciMl u/ leUSretR. Borrower shalt promtptty pay when due the principal of and interest on tree
<br />mdelxedstess esidereced by the "irfte, prepayment and Tate charges as provided in the Mote, and the principal of and lorries{
<br />rtte any Futurr Advances secortd tw this Mortgage
<br />2. Feeds for Taxes aed 6titrtstt. Subjat to appticabk taw err to a written waiver lry Lender, Borrower shah pay
<br />to fender nn the day masithty irtetalttnents of principal and interest are psyabk tender the Matt. atoll the Note is paid in ftill,-
<br />a sum (heron -'Funds"1 equal to one-twelfth of the yearly axes oriel assessrnerita which may again priority over this
<br />Mortgage, and grouted rents ate the Pmpaty, rf any, peas oeatwdith of yearly premium irtsnllittenu for hazadd it~vtance,
<br />plus one-twelfth of yrarly premium installments for tnortgttge insurance. if atty. art as
<br />teatonabty estimated iitrtialty and fran
<br />time to time be Lender on the basis of assessments and bills and reasonable euirnates tltereaf.
<br />llie Funds shall tr held m an institwion the deposits or aceaunts of which are insured or guaranteed by a Feral or
<br />state agency r including Lender tf Lender ,s stub an institution ). 1-ender shall apply the Funds to pay said taxes, asetaamat[s,
<br />insurance premiums and ground rents Lender may not charge far sit tx,lding and applying the Funds, analyzing said account,
<br />or vtnf}~tng and compiling said assessrrterets and bills, unless t.etider pays Btitrower interest on the Ftretds ate applicsbk law
<br />permits tender to make such a charge. Borrower and Letukr may agree in writing at the lime of execution of this
<br />Mortgage that interest nn the Funds shall he paid to Borrower. oriel artless such agreement is tirade or apptirabk law
<br />requires such interest to rte paid. Lender shat! not he regtnred to pay Borrowtt any interest or earningi~ on the Funds. Lender
<br />shall give fi Borrower, without charge, an annual accounting of the Funds showing crt~ita sad debits to the Funds and the
<br />~xirpnse for wh;ch oath debit to the Funds was made. "Ilie Funds are pledged as additional security for the sums scarred
<br />by this Mortgage
<br />tf the amount of the Funds held by Lender. ingefhtr with the future monthly' installments of Funds payable prior to
<br />the due darts o! taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />asseastnenis. insurance; premiutm and ground rents as they fail due. such exa~ss shall be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower on maothly installments of Funds. tf the amount of the Ftmda
<br />treed by Lender shrill trot be sufficient to pay taxes. assessments, insurance premiuts and ground yenta u they fa8 due.
<br />Bormwer shall pay to Lender any amount reecexsary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower requesting payment thercot.
<br />Ltpon payment in furl of all stuns secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under pazagraph I8 hereof the-Property is sold ur the Fropertv is otherwise acquired 6y Lender, Lender
<br />-shaft apply, no later Than tmtttedia[ety prior to the sate of the Property or its acquis[uon by Lender. say Funds held by
<br />Lender at the time of application as a credit against the runts secured by this Mortgage.
<br />J. Applieatlon of Payreems. Unless applicable taw prnvtdea otherwise, al! payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender firs€ in payment of arnounis pa}'able to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on tht Note. thin to [he principal of the Note. and then to interest and
<br />prmerpal on any Future Advances.
<br />4. Charges; [.iota, Borrower Shall pay all loses, ssessments and other charges. fines and tmpusruuns attnbutabte to
<br />the Property which may attain a priority over this Mortgage. and leasehold payments er grouted rents, if any, in the manner
<br />provided under paragraph 2 heroo[ or, .f not paid m such manner, by Burrower making payment, when due, directly io the
<br />payee elicitor. Borrower shall promptly [urmsh to lender all notices of amounts due tinder this paragraph, and in the event
<br />Borrower shall malt payment directly. Borrower shall promptly furnesh to Lender rewipts rvedencmg such payments.
<br />$orrower shalt promptly discharge any lien which has priority aver this Mortgage: provided. that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shall agree in wnnng to the payment tit the obhgatK~n secured by
<br />such hen m a manner acceptable to Lender, or ,hail m good faith conies[ such lien hy. ur defend enforcement of such Lien in,
<br />legal proceedings xhis:h operate to prevent the cnfurcemem of thr hen or torteiture of the Property or any part thereof.
<br />5. Berard ttesurance. Borrower shall keep the improvements now einhng ,+r heroaf ter rrceted en the Property insured
<br />against toss by fire, hazards itnauded within the term "cs[endesi covcrage'~, anti such other hazards as Lender may require
<br />and in such amounts and ter such penods as tender r:tay require, provided, that i ender shall nut require that the amount cf
<br />such coverage exceed that amount of coverage required to pay the ,lien: secured by this Mortgage.
<br />The insurance earner providing the insurance shall tx .:boson by Borrower ,ublec[ t, approval b}' Linder: provided,
<br />that such appruvaS shalt sot be: unrrasunahly withheld. ;iii premnims on insurance poiiriea shalt br paid in the manner
<br />provided under paragraph Z hereof or, if nut pail in sus:h manner, h} Borrows [nakmg paynernt. when dirt, directly w the
<br />insurance ::azrter.
<br />All insurance paiicsea and renewals thereof sh=ail be it; farm accep;;ibk to I cosier and shall ~nchidc a ,tandard mortgage
<br />clause as favor =,f and ,fl form acre-ptabfa ;o d_cnsiic Lc oiler shall ha.r the right t., hold the: pnh:irs and renewals ihereut,
<br />and Borrower shall promptly furnish to Lender all rrniwal nouec, and all receipts of paid premiums. !n the event nl loss.
<br />Borrower ;hall glee pruntp[ nuuce ro the msu:ance earner and Lender. Lender may make prwf nt loss d not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower oche rwisr agree in wnnng, insurance prxeeds shall 6r appl+ed-to restoration or repair r(
<br />the Property damaged, provided such resturaUOn or repay n economteally fcasrbir and thr security of this Mortgage is
<br />nut thereby impaired. if such resturanun or repax is not ewnomiwily feasible cr it the srcunt}- of [his Mungugr would
<br />be imposed, the msuranct prx;eeds shall be appleed io the sums secured b} this Mortgage, with the esters, ;f an}. paid
<br />to Borrower- It the Property is abandoned b} Borrower, or +S Borrower lads ro respond to LenJe_r with u, i0 days tram the
<br />date twuce is matted by Lander to Borrower chat the rnsur.,itce tamer etfero m ,ettle a claim for usurance benefits, I littler
<br />is authorized ro o:,llect antl apply the rosuranx prcx:eeds at lenders .+pnon eatery m riatorauon or repair of the Property
<br />or to the sums secured by this liortgagi.
<br />Unless Isnder and t3orruwer utherwrst agree m wnnng, sits ,u.,h ,il,phcanon .,[ proceeds to prmerpal ,halt not rstend
<br />tit t><awpune the dui data of the monthly installments reterrcd to in paragraphs I and I hereof or :bongo ~i,e anrount o!
<br />such iru[allnKnL,. It under paragraph :ti hereof the Property :. asyutrrd h. Len.ic•:.:ill [.gh:, rate and interest of Borrow e:
<br />rn rest to an< insurance policies and in and t« the prcx:cerfs thrreot risuhmg horn damage to the Pruprrt: poor t~ ;he sate
<br />or ai:cluisitiun shad pass to lender tv the extent of the puma xcun:d 6y thu ~lortgagc imntediatrly prior :,, >ueh ,ate .,.
<br />acquisition.
<br />4. Pttsenatlon amt M1faiatenance of Property; Leaseholds; loudominiutus; Planned l%ttit L)es elopmeua. F[nr:uwcr
<br />shall keep tea: Property in grind repair and shall not commit waste or permit impaumcnt or detcnurauun of tt,i Property
<br />oral 5hat1 comply with the provissuns et any lease if the Mortgage =s a a la_seh;ad. if thy; 4fi,rtgagc :v .. , .a.u rr, .,
<br />concicmituum or a plaruted unit development. Ban rower ,hat, txrl Dint all of Bu[rc?wet-5 abliganuns undci the ~deeia~at~.~:~
<br />ur covenants treating cx governing the candnrnm,unt or ptatmcd trait divclnpmcm, the h}-law, a.^.-d rrguianc~n, ,~t tt;e
<br />uxedomimum ar planned unit dtviiopmint, and cumutuei:t .tucuntents. ll ;: cer,dominium ur planricd i+nn .ie~c..pmrnt
<br />nskt a executed by Borrower and recorded together ;soh this Mortgage, the ~uvcnants and .igrecments .~~ ,fish r~dcr
<br />shall 6e ititx;tpuratitl into and shall intend and suppttmeni flu co<tnants artd agrten,ents of this Mottgage :n t the .ht
<br />ware a put hereof.
<br />7. Protsctioa of Leader's Seearitq. If Borrower falls to perform the covenants and agreimesis _;~ntauicd m th„
<br />biorigagc, or if any action or proceeding ~s commenced white matiritilly af{ects Lender's interc,t in ±hr Ptepen,.
<br />tnckrding, tv~t not limned to. imtnem domain, uisuivenc}, ~.uli rniurcemint. i+r ai rangcmcr;ts :•t pr;kcedinb, ins,?isi+;g ;
<br />bankrupt or decedent, then Linder at tender`s +;pnor., upon notice t:r Bsxtowcr, ma} snake such at,pa:araaxrs, dnhur,e +u.h
<br />sums and take _=uc:6 ocelots ~x rs its<essa[ti to prt~tei[ iaeu<ler's tntcr=st. mc4u:lurg. t.ut not hmu::.3 to_ ~=sbu~-,cmcat .•t
<br />reasnt,ah>e attorney', ttzs and entry uFr,u the property to .make riparrs. It Lrrzder riy:+ired r,;ors{tagi in,c,r.r nt. ... „
<br />crtrlditibn v( mak+nf[ the liras ,tourer: by :Iris Mungage; ttenv::.et :hat; r ihi nrcmrunti ei°yr„rr l ,., n:ain[.::i= .:.,
<br />ir~itarst in cflts~[ until st__Lt forte as the rt~iresitnt for such ,nsutancs ,»trnatr<_ =a a~._. #a+_~~_ w-th R,>!-,swc --
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