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<br />UNIFORM Covexnx'rs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of aqd interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Ta:es and Insurance. Sub}ect to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to tender un the da}• monthly installments 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 assessments which may 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 premium installments for mortgage insurance, if any, all as reasonably estimated initially sod from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates [hereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agtncp [including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge !or so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Fuitds and applicable law
<br />permits Lender to make such a charge. Borrower 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, and unless such agreement is made ur applicable law
<br />requires such interest to be paid, Lender shalt not be required to pay Borrower any interest or earnings nn the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for whrch each debit to the Funds was made. The Funds are pledged ;ts additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with thz future monthly installments of Funds payable prior to
<br />the due dares of [axes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said takes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shat) be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installments of Funds. tf the amount of the Funds
<br />held by Lender shall not be sufficient 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 deficiency within 30 days from the date notice is mailed
<br />by tender to Borrower requesting payment thereof.
<br />Upon payment m full of all sums secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />held by [..ender. If under paragraph tR hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shalt apply. no later than Immediately prior to the sate of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the Ume of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by [.ender under the -
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment o[ amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable nn the Note, then m the principal of the Note, and then to interest and
<br />principal cr. as~_gs?arm :id':ea„ea. -- ._ __. ... _-- ... _ ..
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property whrch may attain a priority over this iSfortgage, and leasehclD payments nr ground rents, if any, in the manner
<br />rwi~ied ~ Wider p agraph' hereof : r. i.' not pa;d in such n:annar. ~ . B.,rrowar making paynteui. when Jue, cirrecdy to the
<br />payee thereof. Borrower shall promptly furnish to Lender all novices of amounts Jue under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower ;hail promptly tumtsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly Discharge any lien which has pnonty over this Mortgage; provided, that Borrower shat! oat be
<br />regmred to Discharge any such lien ,o long as Burrower shall agree in writing to the payment of the obligation secured by
<br />such lien m a manner acceptable to Lender, or shall in good faith contest such lien by, or defenD enforcement ut such lien to
<br />legal proceedings which operate to prevent the enforcement of the hen ur forfeiture of the Property or any part thereof.
<br />S. Hazard Insurance. Borcower shall keep the unprovcmenu now esisnng or hereafter crcaeJ on the Property insured
<br />against loss by fire, hazards included w•ithm the term "catendeJ .overage", anJ such other hazards a. I ender mac require
<br />anJ m such .rmutnns anD fur such Aerials as Lender mop rcyuire: pn+nJeJ, that LenJrr ihall not rcywre that the amount of
<br />cuj'? ~:.a:v... _ ......_.... chi. ..aa-:.~>...:i.. _.t.. ~sj _~"= •.., ....... ..,..~~ ...~~.~........,.~...~..,........`.....~...~....,...~..~.......
<br />"f he insurance carnet prwidinb the insurance Shall he vhcsen hs Burro,scr ,ub}ecr h approsa! by Lctr.fcr; pro,Ided,
<br />that such apprrrval shall not he unreasonably withheld. .Ali prenuunto .m insurance puhc:ea ,hall he paid m the manner
<br />provided under paragraph ~ hereof ur..f rn>t paiD i^ such manner. 'r.,y Borrower making payment, when due, ,tiredly to thr
<br />insurance earner.
<br />All insurance pohnea anD renewals therrol shall tin in Corm ,,e~rpt.thle to I ender .unl ,hall utJudr ., ,t.mJarJ mortgage
<br />clause m favor of anJ m form acceptable to Lender. lender ,hal! hate the nght to hulD Ihr poh,:r, .utd tenrwah Ihae.d.
<br />and Borrower shall pranpdy furnish to Lender all renewal Hoare, anJ ;d! receipts of pall prrmwm, In the c,rnt ,+t lo,,.
<br />Borrower shall grvr prompt notice to the msw:mre earner :utJ LenJrr. Londe: w:ry make pmot „I !•.,s, a ma m.o±e pt n~nptl,
<br />by Borrower.
<br />Unless Lender anJ 8onuwcr n[herwue agree in wnhng. m,wance p:oree,i, ,hall tk .q,pheJ t„ m,an.dn+~o ,~: ,rpair of
<br />the Property JamagrD, pnivt.led such resturauun ur rep;ur ~, -.ononucall} tea,il,lc :.uJ ihr ,e,.unt, ,u urn Moucage :,
<br />not thereby impaued. If such reaturatum or repay s not ra>nonu.olly Ica,d•Ie o: .t the se..untt .,t Uu, ~ha~igage wuulJ
<br />be tmparred, tha msurunce prrx:eeds shall be applieJ to flit win, stewed t++ ih~a Mnrtg.,ge, ..,Ili :tic rsce,a, a .my, part
<br />to Borrower If the Property s rbanJoneJ by Hanu+.et. ar n Htun,wel t.ub to ,e>pond r,. 1 ender w,tMn :u Jry, tram the
<br />date notice s m:u:eJ by Lender to Burrower !hat the ursut:+nee ~ ,,, ~ , ,ice, t role ., ,...+m tot m,urun,.e 'reecho, I enJrt
<br />is authunzeJ a+ collect and apply the uuuranrr proceeds ,.t I rnde~! , .,pion enhct t„ reshv.»nm ,,: :epau ,,t the I'n+pen~
<br />ur to the sums serureJ by this Mortgage
<br />Unless LeuJcr and Borrower uthero ur agree m wnnng..nn ,r,cn app. r,au++:, ,u p„ coed, !o r" ~-rr.pal .hail not estcnd
<br />or postpone the due date ut the nxntthly inetallmrut, iricnrd t„ .n paragraph, „uJ hae,~t „r .!raugv ;nr ann~,u,i „!
<br />such installments. If ands[ paragraph Ill hereof the Progeny :, aryuncd by Le uda, ail nght, ntlc xnd :mars[ ,~t Hon.,w ro
<br />in and to any maurance policies and in tutJ to flit prucoeds thereof rraulung tram Damage to the Prolx.n, pn.,i to the ,.ae
<br />or aatuisaimt shall pass to Larder to the extent .,[ the sums ,ew:eJ t+y th:s Mortgage numaJ:atvly pt,ot =. w,:h ,.uc ,•:
<br />acyuialtion.
<br />6. Ptwen anon and 1lfainteoaoce ni i'ruperty; Lrturhvlds; Condominiums; Piauncd lnit itcs etupmants, iiotroa~I
<br />shall keep the Property in gaxl repair rod shall not eonunit wa,tc ur prrmu unp,urntcnt or drtcnut anon .-a the Pr,gx n,
<br />and shall comply with the pmvistona of any lease :! this tuugage „ .•u .: Ir.rsrholD. 1; du, 'slurtgatc :~ ,- ~,nui r: .;
<br />amdmninruw ur a planned unit davclupmcut. 8orruwcl ,hail ptrioun al! ,~! Bu: rowcfs ohitgal urns ,~nJct :ire Je~iel al .,~u
<br />ur covenants crenung r?r guver[ung the eondomuvum ,•r phuux•J nun drvrlopmart, the by-,aw, anJ :.f+,;.a,.,n, ,,i nu
<br />coodomintum or planned unit Development, and eou,titucm Juruntem,. it a rondonunnun nr pianneD .~ , , ,.,,,~i,•.t,n,nu
<br />ndet n executeD b} Borrower anD rccordeD togrthct ++rth i,=.:, Mongagr, !tic ,nvenaots ,mJ :;gre:anc:.:•~.. .... ......
<br />shall tar incotpurateJ Into anJ shall atnatd and irpplement the co, chant, :mil agreements of th:> Mougag: .,, ;~ ,h.. , i,icr
<br />were a part hereof.
<br />7. Protection of Lender's tiecttrity, It Burrower rash h, perk+rm the covenants :mJ agrcementa .,cur:nneJ ~~. th„
<br />Mortgage, ur if any action or proceeJtryj rs eommrncca whl.h matrnally adccts t.enJr(s nucrr,t m the Pngicm.
<br />ine[uding. but not limited to, eminent domain, insolvency, code cufnraculent, ut :urangmnents .~: rr,,,eeJutt;, m,uAirg .,
<br />bankrupt or JrccJent, flies Lender m l.rudcr`s opttov, upon ounce. to Borruwrr, may make ,u,:h .+pixar;urcc,..h,hurae suJt
<br />awns and take such acuun as is necessaly to protect Lender's interest, ~.nciudmg. bu! net hmue.t t,,. -,i::hur,rrtcut ,~:
<br />teawnablc attumey's fees rued cntty upon the Property to make :epau,. I( L.euJer rcyuned mortgage usarancr .,. ..
<br />cotadtttoa of making the than sccwttii by this Martgage, t3or:;,wet vhri! pay the ptcn;,unro tryutred ;-. matut:.;n ,atilt
<br />insurance !n c3oct tmtd such gtnc as tits r~eyuirenrela fur crab :nxuraace t,rm:Hate, m ..., orda,;,- wnh Han rw er~°. .u,..
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