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<br />[;vtroa4t C'ove±v+r+t's. Borrower and Condit t:ttvtnanrt and agile as follows: ~.
<br />I. rayrnt„t of Prfrtt~ recd lefesest. Boriowrr sfiall promptly pay when diie the principal of and interest on the
<br />indebtedness t videnccd by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on anv Future .Advances secured by this Mortgage.
<br />1. irtsods for Tuea aed lasuranee. Subject to applicable law or to a written waiver by Lender, Borrower shalt pay
<br />to Ixnder on the day monthly insiatlrnents of principal and interest are payable under the Note. until the Note is paid in full,
<br />a sum therein "Funds"} equal to one-twelfth ofi the yearly taxis antf assesstttents which rosy attain priority over this
<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 aremiitrrt installments far mortgal~ inwrance, if any. all as reasonably estimated initially and from
<br />time to time by Linder on the basis of assessments and trills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are irsurrd or guaranteed by a Federal or
<br />state agency (inchrding Lender if Lender is such an institution}. Ia:nder shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for sit holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessmems and bills, unless Lender pays Borrower intoest nn the Funds and applicable law
<br />permus [..ender to make such a charge. Borrowu 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, end unless such agreement is made or applicable taw
<br />requires such interest to <x paid, Lender shall not be required ro pay Borrower anv interest or eaminn on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of ttie Funds showing credits and debits to the Funds artd the
<br />` purpose Eor which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this ~iortgagc.
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds payable prior to
<br />the due dates of tarts, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installmems of Funds. If the amount of the Funds
<br />held by [.order shall not !x sitfficieat to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficmncy within 30 days from the date notice is mailed
<br />by Lender to Borrower r_ryutsting payment thereof.
<br />Upon payment in full of all sums secured 6y this Mortgage. Lender shall prarnptty refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shalt apply, no later than immediately prior to the salt of the Property or its acquisition by Lender, any Funds held 6y
<br />Lender at the tune of application as a credit against the sums secured by this Mortgage.
<br />3. Appt[criioe of Paymeafa. Unless appircable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by [.ender first m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interest and
<br />principal tin any Future Advances.
<br />4, t'hargcs; fderts, Borrower ,hall pay all taxes. assessments and other charges, fines anJ !mposiUuns attributable to
<br />the Property which may attain a priority over this Mortgage, and IeastholJ payments or ground rents, if anv, in the manner
<br />provided under paragraph ~ hereof ar. !f rot paid m such manner, by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall promptly turmsh ro Lender all notices of amounts dui under this paragraph, and in the event
<br />- - a. --- - --..v° ..t...-.-rlv tL, ~ -hall nrtmarty iurnuh to Lxnder receipts evidencing such payments.
<br />borrower shall promptly dixbarge any hen wh-h has pnonty over this Mortgage; proviue t a C:rnwer ; - -~
<br />required w Discharge any such lien so tong as Borrower shall agree in wrumg to the payment ul the obligation secured by
<br />such lien m a manner acccptabte m Lender, or shelf in good tarrh contest such hen hv. or dsfeaD cn(orcrment of such Tien m,
<br />legal proccrdmgs whrch operate fo prevent the enforcement o1 the hen or farfenure of rho Property or any part thereof.
<br />5. Harar!d laarrance. $orrowrr shat} Atop the Improvemtnta now existing ur hereafter erected tin the Property insured
<br />against iuu by fire, hazards included wdhtn the term "extended ivverage' . anJ such other hazards as Lender may require
<br />and in such amounts aciJ for wch perrrxls as Linder may requrrt, prosideJ, that LrrtJec shah not require that the amount of
<br />sucfi utvtragt exceed that amount a=f iovtrattt rryurred to pay the ,tiros .eiured by this Mprfgagt.
<br />The Insurance iarner providing the insurance shall be ihostn by Borrower sub}ta to approval by Lender: provided,
<br />that suite approval ;hall not he unreasonably withheld. .alt premiums ,tit insurance policies ;hall rte paid in the manner
<br />provided utidor paragraph : herestt cr. ;t era pai.t in euih manner. by Borrower making paynttnt, when due, drrts;tiy to rho
<br />rnSitrant:t t:atrter.
<br />All mSUranir poh( tcs afrD fenrwal3 thnrelrt prat: etc' in tor'm aciepkabk tlt LCri.lCr putt Steal) nithldC .i s(anDarD ma+rtgage
<br />::lause ; : tavur vl aaD ,R four cieptable ;~. LcnDtr. Loader t-tl 8a.c nc~ right to hold ttC pstiiiics attD rcnrwai+ thereof.
<br />and i?:urrower shall promptly furnish to Lender alt renewal rxtuces anti all reietpts of Hard prNfniunn !n the trim of loss,
<br />Borrower shuil glue prompt notice to the insurance carrier and i.ender. l.enDer may make pntoi of loss if nut mpdc promptly
<br />by Aarrower.
<br />Unless [.ender and Borrower atherw,se agree io writing, insurance prcxeNDs shall be applied m restoration ur repair of
<br />iht Pr'uptny damaged, provideD su.:h restoraUOn or repair rs tconomlcalty feasible and the ,Niuru} of this Mortgage is
<br />not thereby impaired. 1! such resturaUOn or repxrr is not ewnomtiaUy leasible ar If the security of thu Mortgage would
<br />be Impaired, the insurance pras:eeds ;hail bt applied ru the stints secure) try this Mortgage, with cite cxiess, if any, pa!D
<br />to Borrower. 1[ the Prupert) Is alxtudunci1 by Hot'rower, or at Bormwet talk to respond to Lcndcr within 3(} days from the
<br />date notice is maDed by Louder to Borrower that the insurance turner tillers !u senlr, a ilatm for rosuranee henrfits, Lsndet
<br />is auttwnzed to collect and apply the Insurance pructtds at L.rnder'a opUttn either to restoration or rtpatr of the ['mprrty
<br />or to the soots ..+eiurtD t)y tMs Mortgage.
<br />Unless Linder and BSrruwer uthenvue agree !n wilting, any suite appiicpuan tit pntirtDs to principal .hail nut rxlenD
<br />or lwstptme !ht due date of tin: monthly installments rclerreD w tit paragraphs i and 2 hercoi or Change the amount ul
<br />sur:h ins[alknenta. 1f under paragraph iii hareuf the Property is aiyuircD by L,endec all nght, tilt and mtecea[ of Borrower
<br />in atilt to way incur sacs policies auD in and to the preweta[s thareul rtauiung froth danrage to the Prupenv pour w the sale
<br />cr acyutaiUOn shall pass to 1_cnder to iht extent .=f the sums sriurrd t+y thla Mortgage unntedratGiy prwr iu .us:h Saic ur
<br />acquisition.
<br />6. Plnservalioµ and !ltainterrawce ref Property: l.ea-ebulds: t:ondawiaiunu; Ph-nrtad Unit Ihvelopracnta Horn,ua•r
<br />shall kelp rht Progeny its gw+d repair and slta[[ nstt cWntrtit wa±te :_tr permit !ettpaumcnt or dettriorauun a-t the Property
<br />aru! shall iornply with the provisions c=; mss} tease }t this Air_rtgagG is r=n s leasahutd. If this 1~1.trtgagc Is an .: ;sou i^ .!
<br />cunJOrnimutn tti s ptancted unu ,ievelopntcnt, 8on'..v,c[ iha;1 r>K~rKniu aft tit BOrn)wcr's +~hhgaaans under the DeilaraUun
<br />or iovtaauts irCaung ur govttnirtg the i.uidomutlum .~r planntD ernrl sitvt:lopmt:rtt. the by-laws and itgulaUnns ul the
<br />cstrufumirialltu or plaum-d tour Develogrrttnt, and ,.onsritaunt documents. ]f a conJommium ur pianntd iimt .fevrlopment
<br />nDer a cx.ctuted by Burrower and recorded tugetttet with this Mortgage, rhr 4ovcnants and agreements tit ,us;h rider
<br />shall tx tacvtpzxattet into atx! stiaQ aattnd art) supplenieptt the covenants art) agtrements of this Mongagt as !t rite iidrt
<br />utr¢.t part ht.tc=f
<br />7. Prusoc~ ad Lerdss's Sa~trtiq. -f Burrawtr farts to periurrn the wvtrants anJ agreements iuntauled m this
<br />Mortgage, yr tf arty action ur proc:~drng rs ctrrnmetxxd wttah materially aflcits I.enJtr's Imrres[ in the Property.
<br />isr..ludrng, lfti: not lunited to, tntutert[ domain, Irsolvetuy, salt tnfetrierrtenf.::. arrangeuleols w prcti:crximgs ;nvalvlag a
<br />lani;rupt tie dexcdtrit. thou Ltiisltr at I,tndar's aptwn, upon tx>tice iu Burrower, !nay make ,ugh al>pearanies, Dlahurac auah
<br />sutrss slid tsAe suite action a; is i?tCCfixat} tee pritt~r i.crrekrs :merest. •~tstnD{rig. but !rot '.trotted tu, .Inburaenietx , t
<br />r+<a'eutaahlt attprtseyY ft~x artd entry upon the P±`eperty to make re:pau~= !t Lender reycirresl nx,r[gagc insurance .. .,
<br />;:iirrs~2 <+f rnaktny: the tctan secwcd k?y this Mortg;tge. Bcrro;s er sha~3t .ag tFR. i'rNmau;rrs tet}sttre:J '.., ntamta.n eu:ft
<br />ttilKirctt~c sit elie.;t urittf emit ucat aq the txaquuemeatt lot stilt trrsutattit ter niutats;a sit aEcurdan~s: unit 13ern=uer-, arxi
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