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<br />UxtFOar.[ CovennvTS. Borrower and Lender covenant and agree as follows:
<br />L Pa}went of Peincipal gad IrNerest. Borrower shalt promptly pay when due the principal of and interest an the
<br />indebtedness evidenced by the Nate, prepayment and la[e charges as provided in the Nate, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds far Tales and Ltsetrance. Subject to applicable law or to a written waiver by Lender. Borrower shall pa}'
<br />to Lender nn *.he day monthly i[istaliments of principal and interest are payable under the Note, until the Note is paid in fu}t,
<br />a sLtm (herein "Funds") equal to nre-twelfth of the yearly taxes and assessments which may attain pt4ority over this
<br />Mo;Ygage, and ground rants on the Property, if any, plus one=twelfth of yearly pmmium installments for hazard lnsuraitce,
<br />plus one-twelfth of yearly premium instaiimenis for mortgage insurance. if any, alt as reasonably estimated initially and €rom~-
<br />time to time by Lettder on the bast; of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by-a Feder8l~br
<br />state agency (including Le[Lder if I-ender is such an institution}. Under shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may net charge far 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 Funds and applicablelaw'
<br />permits Lender to make such a charge. Borrower and Lender may agree !n 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 ar applicable taw
<br />requires such interest to 6e paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shag give to Borrower, withoat charge, an anmral accounting of the Funds showing credits and debits to the Funds and -the
<br />purpose far which each debit to the Fund, was made. The Funds are pledged us additional security for the sums scoured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Fonds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shalt exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they Call due, such excess shall- 6e, a[ Borrower's option, either
<br />promptly repaid to Borrower or credited to Harrower on monthly installments of Funds. If the amount of- the Funds
<br />Geld 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 amoLmt necessary to make up the deficiency wiB»n 30 days from the date no*ice is'mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in €uli of all sums secured by tt:is Mortgage. Lender shall promptly refund to Borrower any Funds-
<br />held by Linder. If tinder paragraph Ig hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, ne toter than immediately prior ro the sale of the Property ar its acquisition by Lender, any Funds held- by
<br />Lender at the lime of application as n credi[ against the sums scatted by this illartgage.
<br />3. Application of Payments. Unless applicable taw pmvidLS otherwise. all payments roceived by Lender under the
<br />Note and pazagraphs 1 and 2 hereof shall be applied by [.ender first m payment nt amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Nate. and [hen to interest and
<br />princLpai on any Future Advances.
<br />...,~.. Kos; i -..~. --~:.-- ! pa} „ ..,~ ,o other charges, tines anti ,mposiuons ato~?butabie to
<br />the Property which may attainva priority aver thts~Mortgage, land tlcaschoid payments nr ground rents, if any, in the manner
<br />provided under paragraph ? hereci ar. it oat paid m such manner, b} Borrower making payment, when dtre, directly to the
<br />payee thereof. Borrower shalt arompt#y furnish to Lender ail noaces of sinomns doe under this paragraph, and in the event
<br />Borrower shall make payment dircctl}, Borrower ,hail prompd} tumish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any hen whtcl} has priority truer this Mortgage: provided, that Borrower ,halt not be
<br />reyuired to discharge any such lien ,a tong as Borrower .h:dl agree in urrnng to the payment of the ab#igation secured by
<br />such lien in a manger acceptabke to Leader, or shalt in goad tanh contest such lien by, ar defend enforcement of such lien in.
<br />legal proceedings which operate «r prLVent the enforcement of fie hen or toefeuurv of the Property or any part thereof.
<br />5. I#azard Insumnce. Barrowcr shall keep the nnprovcnienn hue rxisung ur hereafter eructed on rite ['roperty matted
<br />against lass by fire, hazards includCd wuhm the term "extended coverage', and such ether hazards as Lender may require
<br />and in such emoutLt-s and !or such perVJds as L:~47dcr ntay regwre, pn>atded. [het Lender shat! not reuuire that the an[euet .+t
<br />such c: :er:tge exceed that antcuui of coverage required to pa} the -um, s cnreci by thts Mortgage.
<br />Tile ?nsutau.:C earner ,nr.?vidtng the :n+arans+• shall be _husen by Bc,rrt,,.+tr suheert t - _ - !val by l monde r. p ?vrtLed,
<br />that Shen appTa4'31 Shall +i fti unT aS.;fLal71}' w'ttn Lleid. fit, r; t't'nml;nt i. n.snr,n,~~ pa3., [e:. n[liali C2 ('aid In :nC 'IrlannCr
<br />4-dcd -ustj arar3~-~FL ~ ncrckt -- - not p2.z ! ? ~a+.#7 n16a~L_•?. "}' n .._ t-CI .^?a!;mt payn._l.., F._fl due ' ._ ..._
<br />IL1lnratLY tattler.
<br />All inwrantz uuh. a, sad rene., ats thertttf shat} he rn tarot .: ccptahlc ru Lender ,tnd malt vxiude a _andard +mitxagc
<br />clause to favat of and an term ac<eptabin to Lander- Lender ,hell lee: ~•c rite ngta t:. hold the I~flie ies al•d rencu ah thcreo!.
<br />autl Barmwer shalt promptly Furnish to i..znder ail renewal nuuccs end ail receipt. of paid preoutnn, In the event t+( las,.
<br />Burrower shall glue prnnipt nau+:c to the msuranc=• canter ;uui 1 cnd::r- t cndel racy make ptonl of loss it rot made prootptl}
<br />by Borrower.
<br />UnlCSS Lender .md Barntwcr ache rw~ix• agcec :n anhug, mwri n+e p+o.eed, shall be ap{died a: rcaonutan or repair of
<br />the Property damaged, prodded such restarauaa os tepee ~. t xuuicailq Ivasitde and the ,event} nt thu hive tgagc n
<br />not thatch}' inLpaucd. 1f such resturauaa ur repair is not ecnn,xnt~.dly teasdHe nr tt tht .tuna} of Ihl, \t-ortg,,,ttc '•t Quid
<br />be. Impatrad, tlu: insurance proceeds +hall bL: epphed to rite wale +cuncd by the hiongage, t+dh tl:e exce>, tt ,:n:.. i?:ud
<br />to Borrower. It the Yttr~rty +s abandoned h} Borrower. e'.r it Ben'awer lams t:± tesgand ttr I ender wethu? lJ da}> Irtrm Lha•
<br />date nat3ce is mailed by L.euder to Burrower that thr tnwrance auner ;itTen ro stoic .i clean for ux,urancc henetits, ! enttel
<br />is auth<,rtzcd to colle,;t and .Lpply t#tc :~„u; once prateed> at t elide;--, „pooh ether « restorat::-.n ,. r ropat: ..t the Pe. E-w:rt+
<br />ur to the sums scoured by this Mortgage.
<br />Unles6 Lender told Itunnwet atl7erwix agt<r. ui wnbng, am ,utl: applicaton ,~t pl.:+ced+ L: pnncipei ,hell n,x emend
<br />or pa tpane the; due data u; the monhly ;nstal#metu, reret; sd .. ,re Irarsataph, > .,~~.. _ . ~ .,. .h,.mge tpxr atuarrn c,
<br />sus:h instailmCnt+. It under paragraph iS hL'raoi the Prapert} :, a+yun cd hs Lcndcr ,..:~I I,ght~-+!:'tte and n., -c^at ..t Borro++ur
<br />in gad to any msw once poluias and in and to Lher~ pro::eea}e theLeut :eau;utrg ito,:t danls~c «, the Pn,urn+ r+- .;: a. I: ~ , :
<br />ar ScgWStdan shalt pass to Lender to the ertem of the auras +ccurcl by tht, htnrtgage smmedsatei} pear to well ,ale u
<br />acquisition.
<br />~, P~ser•='atlon aruL !!n#ntertLSact• of Prt_•perts. L.ra?,€L}tda; t-.,~=n#u#:?res; I*taurzd L-r_#t t~r;:lepuen[s. IL;.r ro+,tr
<br />«;half kip tilt f'rupttty iv gocul rc~pa?r and shag !tat coumut ~z>t~ . L+~t ivu ~?tLr .--[t e. i of at..tcrrcrau~-er o! tht Propett}
<br />and she}i amtpiy with rhz pravistous of aziy izav::i tnu Mo;:Mage ~. .n ....ucm~id it [tin jio: igagc ;, ..n a nor, u- .
<br />cundamunum t+; a plaoncd oleo do+elopmeut, Borro:+wr .1x.,11 Ln:n l=ail eit al~~B.a;,;ec; ..da+ganona undci rho decLtununt
<br />tit eow¢tian#s creating of gavcmmg, tic cc,ndamm,t:m .%r nlanncd ~~.ri, cveic},mtirt. e„r:° h la.+r, e~rd r~gui..t:or., ..t the
<br />vndon[inmm or piarLnzd unit dcvclopment_ and a:nsutut-nt docnrn_?m- I! a .md,~nrmeum .rr 1"6mnz:d ,:rid d~tehry+:acnt
<br />rider is executed b}' Borrower atad recorded togC tncr urtn !h.+ of ortgagc.. ~he,..t enema „rid ,,,};rernieni. ,., ,itch iiJei
<br />sha#1 tx incotgarstect tnFa ssd sitaB at:~nd sod iLtlrg+izetent the cam.. hoots and .,gr..em y,es to rhi, ~eatgage ,,... ihcs n+lrr
<br />wCTC d part llCrtAf.
<br />9. PrWCCtion of f, ctldCr'S S¢curity. it Borrower facia to }x rte~rm the covcnanis and agrucmcnLS wont e:n+-d :n itt„
<br />4fortgagc, at it any acnan or 1>rcu~ecdmg :s catuaLencrd which matrn;dl} e7s-t. is IcnJ.a , ,ntere,t ;r !h..~ Pa:pan.
<br />4nEl crltng, lout not Eimitcd ta, enuneut dauiain, uraulr-c;Le}, ..xte er.tc=r;e.uew, n .u:angcnxals .~~ pniucd;„a, .:, ..~, u:g -
<br />hartkrnpt or detzdznt, than Lrndaa at L cadc:['+ upunn, upon noUve t:• Bt+i tau-+-r. n:.n makr r-u, h ~!{, }xe~ec..n. ~..i.,nun.:.u.l~
<br />sums and take Swan actnxn »s re ne.es,ar3 to p: oleo Lent, ~ntr4 err. ~ ::,ling but n,+t hot, rod ;, d,=rit,nero~;,t >
<br />r^_asanaNe a0.aTxt€y's fees :uad ¢m'ry trpose the I'tcrpsdy to make repeal ~ilt 3.c~acc; r .., ncortgayw n:~mal,.r .,i -.
<br />r .°sttLasrxrt <ef rLaktarg tnc ftaax? ~t:ut ell ts+ Ltxrs Mnrtgegc. Bi:rt:sa W? t:al'. ~::> '''se pt,nL:unL,,., ..ye:l: <<t t.;al.:te t~.,
<br />itisusazicr rn zffect nnul +,.t.b trasr ea ttw reyuue[nenr frxx nucir -..tit a~cc tuc.:,:.tte- .1..,t..t raa::._ .tuh B:-..u+ ::irq
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