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<br />tr+troat«r G'ovexnxTS. Bonosver and Lender covenant and agree as fv!!owt;
<br />}. Paynrcrit of Prinefpd aed Interest. Burrower shale! ptampkly pay witerr due the principak of and interest on the
<br />indebtedness evidenced by the Note, prepayment and Sate charges as provided in the Note. and the principal of sett! interest
<br />on any Future Advances sxured by this Morsgage.
<br />2. 1Pawd9 for Tasea rand Iasaraeee. Subject to applicable law ar to a written waiver by I-ender, Borrower shall pay
<br />to Lender an the day tnonthly installments of principal and interest are payable under the Note. until the Note is paid in full,
<br />a sum therein "Foods"1 equal to one-twelfth of the yearly razes and assessments which may attain priority over this
<br />Mortgage. and ground rents on the Property, if any, plus oho-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twctfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and fmm
<br />time to time ray Gender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shale! t,e held in an institution the deposits or accounts of which are insured at guaranteed by a Federal or
<br />state agency 1 including Lender if Lender is such an institutian). !ender shalt apply the Fuada to pay said taxes, assessments,
<br />insurance promiums and ground rents. Ixnder may oat chargt for sa holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bikes, unless Ixnder pays Borrower interest an the Funds and applicable law
<br />permits Lender to make such a charge. Harrower and Gender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Barmwer, and unless suzh agreement is made or applicable law
<br />requires Stich interest to be paid, Ixnder shall oat be required tv pay Harrower any interest or earnings on the Funds. Lender
<br />shall give to Aorrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose tar which each debit ui the Funds was made. Tht Funds are pledged as additional security for the sums secured
<br />by tots Mortgage.
<br />If the amount of the Funds held by !..ender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said razes,
<br />assettsrrients, insurance premiums and ground rents as they fall due, such excess shall he, at Borrower's option, either
<br />Nt:.,up:l -epa - r. .. r - -. ;it:... ,,. ~3.^.r.cw~, cn :^c:it:;!y insta!!men.., of Furdc :f •he arse..... ^f th^ c..^d..
<br />heW try•Ixrtder shall not be suf&cient to pay taxes, asses rr+ertts, insurance premiums and ground rents •as they fall due.
<br />Borrower site!! pay to Ixnder any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Harrower requesting payment thereof.
<br />Upon payment m felt of all stuns secured by thrs Mortgage. Lender shat! prampt[y refund to Borrower any Funds
<br />held by Ixnder. tf +rndcr paragraph 113 hereof the Property is said or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later Char. rtnmediately prior to the Sala of the Property or its acquisition by [.ender, any Funds held by
<br />Loader at the ume at application as a credit against the sums secured by this Mortgage.
<br />J. Applfaaiien ~ Fayt~tss. Unless applicable law provides otherwise. al! paymtnts received by Lender under the
<br />Nvte artd paragraphs 1 and ~ hermf shaft he applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph ;hereof, thou to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />princpal on any Future Advances.
<br />4. Charges: L3etts. Borrower ,hat! pay all taxes, assessments and other-charges, fines and impasitians attnbutable to
<br />rho Property which may attain a prtori2y over this Mortgage. and teaseholrl payments or ground rents. if any, in rho manner
<br />provided under paragraph Z hereof or. if not paid m such manner, 6y Borrower making paymen4 when due, directly to the
<br />payee therrnf. Borrower shall pn~mptly furnish to Lendor all notices of smaunts due under this paragraph, sad in the event
<br />Borrower shall make payment directly. Borrower vhatl promptly furnish to Ixnder receipts evrdencmg such payments.
<br />!sorts:+^r shat! prampdy discharge any Lien wi,ich has pnonty over this Mortgage; provtded, that Borrower sha8 not ere
<br />rcgared to discharge any such lien so long as Barrvwer snaU agree in wuinrg t. ~ pa,.;:ct:: ~. •he ph!iG8!ion secured by
<br />such lien m a manner acceptable to Lender, or ,hall in gocxd #aith cvntrst such lien hy, or defend enforcement of such lien in,
<br />legal prviceed+rtgs which operate to prevent the enforcement vi the hen or fortetuue of the Property or any part thereof.
<br />`•• Huard ftwupnce. Harrower shall keep the intprovements now evrsung rrr hereafter erected on the Property insured
<br />against lass by fire, hazards mctuded within the term "extended coverage ,and such ether hazards as lender may reyttire
<br />and in such amcwnts at+d for Bitch perivds as Lender may require; prov,ded, that Lender shat{ ni,t reyture that the antvum of
<br />itreh cvverage exceed ihxt amount of coverage requu'rd to pay the sums scented by thrs Mortgage.
<br />Ilte ,nsurxnce carrtcr praviding the insurance chail he chosen by Hornrwrr subject to approval by Lender, provided,
<br />that such approval shall not he unreasonably withheld. .'1St premiums ,rn msurunce pvlretts ,hall he paid to the manner
<br />provtded undor paragraph 2 !tcrtati err, rf rase pard to .uch manner, by tk,rrawer making payment, when due..#tnctly to the
<br />insurartee carrte7.
<br />Aii insurance dudes and rcnewuis thercot Shah he m form ,,ccept,tbic m I-ender and shai# uuiucic ., +txndard nx,ngago
<br />c4~~ rte fativr .rf arrd rn term :uceptable to Lcnt~r. ! ~rts~r -hall have the :eght tr+ he?td .hr pohctes a;:<{ r~nzx-a!s ithrrtr,f,
<br />and Borrower shall promptly furnrsh to Lender ,dl renewal notices and al! receipu of pttid premiums. In the cvr•nt of loss,
<br />Borrower ,hall give prompt native ro the :nsurancc carne[ .uxf Leudet. !-ender rosy make prrot rri lrs, 1t not made promptly
<br />by Horrcrwer.
<br />llntess Lender and Banawer s+iher~;ne egret to urrtmg, rmurance prxxta'ds shall be apptred to restvration „r rep,ur of
<br />the Pmpetly damaged, provtded such resturauon of reps,[ ,n rarnvmrcally feasible and the security of this Mortgage n
<br />rwl thereby impair'td. II such restornuun c?t' ropau s not rcurnvurca!Iy feasible ur tf the secant}' of this 3tortgage wut!Id
<br />be !tnparred, the tnsuraact proceeds shall be appi+cd t.» the sums .evured in this Mortgage. w,th the etress, ti any, pard
<br />to 13onuwer. It the Ptopony is abaudoncd M Hotrowet, or .. Narzower lads to respond to f.endet wnhu, 3t1 days ln,nt thr.
<br />date notice !s marled by Lender to Hormwer that the +nsurancc earner rattan to settle .! cl:nm for tnsurottce henafits, Lender
<br />is xuthunzed to coll+xt and apply the insurance prcq;ceds at Lcndor s npuon erthcr to restoratron r•r repair of the Prvporry
<br />or tv tt+e Borate secured by this Mnngxue.
<br />U Moss [..ender and Hottuwtr othcrwtsa egret ..t :vrrttng, any such app!tvattar, .-,f prcwceds ire pr mc,pai sf:al! not extend
<br />yr Iwstnvne the duo date of rha nwnthly instaUmcnts referred to rn paragraphs I .md ' itarora rrr shaugc the anwuut of
<br />stash uistallntcnts. 11 uudar paragraph i6 holey! rha Prt,partp ,s a.yuued ht Lendc!..,II nghl. !!de :u;d ~nterr.+t of Hnrruwnr
<br />m aqd to any tnsuraucc ~!uia and in .rod to the proa:oc•.ls thtreut resulting from r#autage t,a rha Pr.+}arty l,uoi to the Sete
<br />ur acyursutvn shall peas to Lrn~r rs, tike eatont of rha runty suru'ad by the, 11„ng.rbc dumedtatei} pout !:~ ,uch ,alt or
<br />acytusitivn
<br />6. haanadoa seed Maiateattwia of Prayarty; Leattrhuids; l'ondwmfautast Phar+ed unit Uevrlap+xrnts. Hotrokcr
<br />ttitaii le+:p flu; P'ropBtYy tit goad [apart ,:nd ,hall oat commit wants-r,r permrt !mparrntant ur deterwrauou of the }'roperty
<br />ark shall comply wnh tt>L ptor+vorts of :uty !tom rf Cho Alartgage ,s rut a ieasalwld I[ den ~Uottgag<• + ~~u _r rrnn nr ,~
<br />c.*itdomrriructt r,r 3 pfar[+tral orate iieveicrpnient, Hvt n,wer shall lkrtarm alt vi Hur [~~wei s :~httgauans t;trdrr the dc.lat atron
<br />ar .ovaa,nts ~reattag ,rr gacernrng the cutnlamtntum or p#amted orate eleve#rzpntcnt, the t+y-Ixw~s :uhf regulations r+t th<•
<br />cittrdcmtruunv ,.e ;,iantred orate davcloputent, and consdwmu dc~:unknn. tt .w rao.iaminium or ![tanned rmit ,tescio}anent
<br />nder „ extx ~ir,r! ?+} 6ruruwer and rcwrdW together w~,th this Mortgage, the sovcnanrs :rod egt rcmcnin r,l such r~dcr
<br />[:ball be i~orpor,rta! mw and shat! .tn+end and supplerneru tkte covenants seed agrexo+ams al thrs Mnngage as a the r+der
<br />ware ,, nan haroof
<br />7. PeaMctiaa d he~r1 3aemtily. If Borrawer farts to perivr+n the .:ovctrams and agreenwnls anttauted ,tr t!,~,
<br />MartQags, or if any actrdr ,,c pr+x;eesftog !s .ommt+tcod whra,h ntaterfai!y affects Ixuder's utrerest in t#tc Prupcn>,
<br />rncludmg, cwt teat luu+tasl in, enuttent dcamaio, !nsuiveatay, coda rnlorcenttnt. :,r arrangements .n pnxeeding~ utvulvrn}t ;,
<br />htwiiru{x or aacc¢kni., :hen i ender at i.enderB vpt~n, npm naucc t•:r Bvrtoxcr, ;tlnv make such appuruacts, dmbw.ne Sur h
<br />sw'u. seed txka sur:It actarn as is rra:essary to prvtact Lert1}et_s ~ntct'ost, sudodtng, but mrt lmtued ter, ,lrvbwscnrcnt . .
<br />rutaor;xbio attorney's ices and tn}ry upon the Propany to make repatcs. let Lcetdtr reytttred m.!rtgaga inzuraucc ,r. --
<br />raxldetr;>n ,,# tnikrng else lase s,xUred by tars '-Mvrtgaga, tiarrnwer shat! pxv r!!c prcmictms rei}n[red to ma.rnta:n ;u. t:
<br />tnsurerx-e t<a effss# ;;rsui cit::R titrkc xs tern resyuiretttont for +uch :nsurarux ternrinatr~s ;rt ,a;cs,rdauie w,rh Horrrrwe[~s .u;.(
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