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<br />L't+tFCraxi Cr;rvrp.twxsrS's. Burrower and l.endtr :str+fenarit amd agree as foltaws:
<br />L Paymtat of pr>3scfpM atsd laterest. Bormwcr shal'l' pram,ptly pay whin due the principal rblf''anil inta4":rest on thel
<br />indebtedness evidenaed by the Note, prepayment and late charges as prtrvided in rite Note, and the principal of and iMeresY
<br />on any Future Advances stxured by this Mortgage.
<br />2, 1?oads for Twee atad las~taece. Subject to agpGcaMe taw or to a written waiver by Lertder, Borrower shall pay
<br />to Lender oa the day monthly irtstalltrtents 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 assesstrtents which may attain priority over this
<br />Mortgage, and ground rents an the Property, if any, plus ntte-twelfth of yearly premium installments for hazard insurarce,
<br />plus orx-twelfth of yearly premium iastailiticnts for mortgage insurance- if any, all as reasonably estimated initially and from
<br />time to time by i~nder on the basis of assessments and bills and reasonahle estimates thereof.
<br />The Furtds shall l+e held in an institution the deposits or accounts of which are inst[red ar guaranteed by' a Federal or
<br />state agency i including Lender if Lender is such an institution). lender shall apply the Funds to pay said taxes, assessments,
<br />nvsurance premiums and ground rents. Lender ma}' not charge tar .n holding and applying the Funds, analyzing said account,
<br />or verifying artd compiling said assessittenis and bills, unless I_nrtder pays Harrower interest nn the Funds and applicable taw
<br />permits Lender to make such a charge. Bcarrnwer sled Linder may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall 1>c paid to Sarrawcr, and unless such agreement is made or applicable law
<br />requires such interest to rte paid, (.under shalt not be required to pay Harrower any interest or earnings. on the Funds. Lender
<br />shall glue to Harrower, without charge. an annual accounting of the Funds shawmg credits and debits to the Funds and the
<br />purpose for which each debit [a the Funds was made. 'Tlic ('ands arc pledged as additional security for the sums secured
<br />by the 4fortgagc.
<br />If the amount of the Funds held by Lender together with the future monthly installments of Funds payable prior to
<br />[he drte e',atcs of taxes, as.+essments, insurance premiums and ground rents, shall exceed the amount required to pay said taller,
<br />asseasmen[<_, insurance premiums and ground rents as they fail due, etch excess shall be, at Horrower's option, either
<br />promptly re}said to Borrower or credltad to Borrower on rrtomhly installments o[ Funds. If the amount of the Funds
<br />held by Lender shalt not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fait due,
<br />Borrower shall pay to Lender any amount necessary to make up the deftcieney within 30 days from the date notice is mailed
<br />by Linder to Borrower requesting payment thereof.
<br />l; pun payment ,n full of all sums secured by tMs Monguge. lender shall promptly refund to Borrower any Funds
<br />held by I-under. If under paragraph 1K hereof the Propertc is said ar the Property is otherwise acgmred by Lender, lender
<br />shall apply, no later than tmmediatcly poor to the ,ale of the Nropeny ar its acqursitian by Cinder, any Funds held by
<br />l.endtr at the rune of application as a credit against the sums secured by this Mortgage.
<br />3. Applicatioa of Paytttneata. Unless applicable law provides otherwise. all payments received by ["ender under the
<br />Note and paragraphs !and 2 hereof shat) tx applied by 1_ender first in payment of amounts payable to Lander by Borrowtr
<br />under paragraph 'hereof, then to interest payable tin the ?vote, then to [he principal of the Note. and then to interest and
<br />principal tin env Futum Advatnes.
<br />4. Charges; Lie[[s. Burrower ,hall pay alt .axes. assessments and otfier charges, fines and impositions attributable Tar
<br />the Property which may attain a pnority over this ':Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />nmvid^d ,,••.•±er ~•^ •~ ;, ~ h.re:;i _ . , _ freer, a '-v» ~ n,aning pay uirat. +~ben due, aiireciiy [o ine
<br />_. p.....n...Y., .. , ,. ti,w,u ;r . ,
<br />payee thereof. Borrower shalt promptly furnish to Lender all inoncesYof amounts due under [his paragraph, and in the event
<br />Borrower shalt make payment drrectty, Horrowzr shall,prompily furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has prranty c+ver this Mortgage; provided, [hat Borrower shalt not he
<br />required w discharge any such lien w long as Borrower shaft agree in +sriting to the payment of the i~bhgation secured by
<br />such hen ir, a manner acceptable tit Leader, ar shaG i~ gaud faith comes( such lien hy, or defend enforcement of such ben in,
<br />legal proceedings which aperatt to prevent the entarctmem u! the lien or farfenurc of the Property or any part thereof.
<br />5. Hazard luaunnce. Harrower shaft keep the ,mprovements now existing or hereafter erected on the Properly insured
<br />against fuss by fire, hazards included wuhm the term "extended coverage' ,and such other hazards as Lender may require
<br />and in such amoum: and for such penuds as l under may reyuire; provided, that !-ender shall not reyuire that the amount of
<br />such caveragt ,:xueed that amount of coverage reyutred to pay the ,urns scoured by this Mortgage.
<br />"t"he insurance ,:artier providing [he insurance .ha,1 ire chosen by Barruwur ,object to approval by Lender; provided.
<br />that such appruvat shalt oat rte unreasonably withheld- All premiums tin insurance policies shall he paid rn the manner
<br />provided under paragraph 2 hereat or, tf not paid in such manner, by Borrower making payment, when [1ue, e4rectly u> the
<br />insurartct carrier.
<br />All insurance [xitttes urtd rentwats thereat .hat! !se in form :+cceptahie to t ender and shall ine;Inde .+ ,tandard mortgage
<br />clause in favor ~,f and in form acceptahte to Lender. Lender snarl have the right to held the puiicics .,nd renewals thereof,
<br />and Barruwcr shat! promptly furnreh -o If:ndur ail renewal rrtiiutes and art rccetprs of paid ['remiums Ir, the event ,;t to=~,
<br />Harrower shstt give ;xcxnpt tia[ice to the itisitvartce carr[tr ~tttd tender. E.ender may make pr'r,v;i r,t icsas tt not ::,ode prompty
<br />6y Horrawer.
<br />Unless Lender and Horrawer otherwrc :iyteu ui wrung, insurance paxeeds shalt he apphcd t+~, reswrauun or repair of
<br />the Property damaged, pruvi.ted stash reswranun or repair i5 ecununucally feasihtc and the wuunty of this Mur[gagu ~+
<br />oat thereby impaired. I[ such restoration ar repair a nut evunonncall} feasthlu or rf tht sacuruy of this Mortgage wuuW
<br />be impaired, the uisuraaee prcx:eeds shall be applied to the sums secured by this Mortgage, with the excess, if cmy. yard
<br />w Horrawer. If the Property s abandoned M Borrower, or It Elon'[twer la+ls to respond to 1 Winder wrthm JU days Irani the
<br />date reatice „ mailed h} Lender to Bcxrowur that the msurancr .striae .?hers n, ±enlc a claim fur nuurancu t+enetits, leodtr
<br />u authorized to collect and apply the ,osurance pruateds a[ Leader's op[n,n either n, reahuauiut of repair of the Property
<br />ar to [he sums secured by this Mortgage.
<br />Unless tinder and Harrower otherwise agree tit urulna, any suet, applrc:uuat of proceeds w pnnupal shall nut uxtcnd
<br />or postpone the due Jale of the nwrlhh installments referred to tit paragraphs ! .utd _° hercot or change the aolount of
<br />such instnllrntnts. It under paragraph !R herwf the Property ,~ s~ywrud fn Lender, all ugh[, t~du and interest u[ Norrnwur
<br />in and to ens iiisurarice policies and in and [u the pruceids tttereut result+ng (rum datuage io the Ynrpeity pr,ur to the seta
<br />or acyutsihort shall pass W Lender to the extent nt the runts secured by [his Mortgage tmntrdiateiy poor to such ale ar
<br />ai:gUlatilon.
<br />6, Praattrvatlan sad Maiatctwace of Pri[patiy: ltrssehaCds; ('t.ndomlaio[wr; t~uxed Umit C>evelopttiemia. Borrower
<br />shalt keep the Property in gwtd repair slid sttalt oat c:ominit waste .u liurnut +mpaurncm or deterioration of the Property
<br />artd strati totnpiy wuh the pun`tsmxia of any ieaa'C rl this Mi+rt}ragu as cxi a {easehuid. if this Mortgage ra art ., .nn[ r.. .r
<br />uun.iontimun, or a nlaruaxl anti city-uu+ptncru, Harrower xhalF }urforrn all of Barr..ruers ah{rga{tons under [he deelarµum
<br />or covenants cleating ur guverntng the .:ondamtnwm ur piaunud ,snit devciupnren[, the by-laws :loci rrgttlauuns of the
<br />cancktmiruuni or plants+uf unit develapnunt, and eanstitt~nr ~umknr..- It a condammium ur pl~tned wait dtsuloprncni
<br />rider ss uxezuted b} Harrower and rttx:orded together with this Mortgage, the cuvcttauts and agreunrenta ul such rirkt
<br />shall tx tncacporaled into and shalt :unend and supplcmcnt ehe awtnants sod agnwmcnts of the. Mortgage us t1 the nder
<br />were a p.ut hereof,
<br />?. 1'rafactkw d Leadar'a Secwily. It Horrawer farts to perturm the cavtnams an.t agreuntants ::alts+ncd rn the.
<br />Mo[tgaQcr or rf any aciayn alt pr[aceedtng :s clmimencud whtcq maturiaily atlects liuders inierrst lr, the Prapr:.rty.
<br />iisciuding, trot not luruted to, tmttkenl domain, inx,hency, caxte eiifaretment.:>r .,rrangumunts tit' pnuus-dings rnvoiv;ng :t
<br />batikropt at dcc rzdent. tliun Leudcr at Lender's apuun, upon nau Y: to Harrower. stay make su.h ,:ptxaran. u, :{rshursc su.h
<br />sums seal take vtrc6 action ss is txx:essary u;s protect Ixnder's +nturest, nicletJ[ng, t,rrt txx Itmued tar, dishctraeniur,t ,~t
<br />reas[tnahlt attarnoy's lets ate <ntry upon tt~ Ptt>perty to narke rtpwers. If I.cnder reynirts! enori5ugu tnauranuu as :,
<br />corrdittan elf maktrrg Elrr iisaa secured try th[s Mortgage, Barrawer sitatl pay the premiums reyutrcd tit mairuaot such
<br />iasutaner- in eflert [loaf weir tune as etc regiurenaout far roa+at rnsura[icc terrninates air :,ccur[laucc wuh Barrvwuis sod
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