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<br />LiNTFORM CpyPNANTS. Borrower and LendeC COVGRani and a$[ee as fOl10WS: -
<br />i. Payment of Principal and Interest. Borrower shalt promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and Tare charges as provided in the Note. and the principal of and interest
<br />on any Future Advances secured by ;his Mortgage.
<br />2. Funds for'I'axes and Insuracee. Subject to applicable taw or to a written waiver by Lender, Borrower shah pay
<br />to Lender on the day riionthly installments of principal and interest are payable under the Note, until the Note is paid in foil,
<br />a sum therein "Faints") 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-twelfh of yearly premium installments for hazard insurance,
<br />p3usooe-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills artd reasonable estimates thereof.
<br />The Funds shat! be held in an institution the deposits or accounts of which are. insured or guaranteed by a.Federai or
<br />state agency (including Lender if Lender is such an institution). Lender shalt apply Fhe Funds to pay said taxes, assessmeriis,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest oa the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execuuon..af this
<br />Mortgage that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law -
<br />requires such interest to be paid, Lender shall not 6e required to pay Borrower any interest or earnings on the Funds. Tender
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />-purpose far which each debit to the Funde was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<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 taxes, 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 Sormwer's option, either
<br />promptly repaid to Borrower or credited to Boaower on monthly installments of Funds. If the amount of tfie.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 Leade: any amount necessary to .hake up the deficiency within 3C days from the dare notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly 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 />shsil apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any' Funds held by
<br />Lender at the time 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 Lender under the
<br />Note and paragraphs I and 2 hereof shall he applied by Lender first m payment oZ amounts payable to Lender by Harrower
<br />under paragraph 2 hereof, then to interest payable on [he '.Vac, then to the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />A. Charges; T,ierts. Borrower shall pay ail urxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority' over this Mortgage, _nd Ieaszhol i nayiticuts.n-r_gsund mot=_, if. snu,.i~_the span-aS- -~-- -----~-
<br />~provtded under paragraph 2 hereof or, if oat paid m such manner, by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall prompty furnish to Lender alt nauccs' of amounts due tinder [his paragraph. and in the event
<br />Borrower shall make payment directly, Borrower shall promptly turn[sh to Lender receipts evidenang such payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Mortgage: provided, that Barmwer shall oat be
<br />required to discharge any such lien so long t>s Borrower shall ngrce m arumg to the payment of the abhgatinn secured by
<br />such lice ir. a msttr,-er acceptable to Lender, or shaS :n gck~d [a:th ,:antes..., h i:en F.•• - uefend enfar::emeat ci s,,.`, hen in.
<br />le*<al prtceedin¢s which operate to prevem the cnfarcement of the Ern r.r iortciture oaf the Property or :nip part thereof.
<br />5. Hazard trisurancc. Borrower shall beep the impru•ements now c+rsamg or hereafter erected on the Prnpr.-rty insured
<br />against loss ny tire, hazards included within the term "encoded co+eragC~. and such oHter hazards as Lender mat require
<br />and :n s,rc:h amounts ar<d :`.,, sort: pertads as E :nder r., -- - -- :.-dz i, t,~- =n+ier shall n ..- - r~ that the amour.! a€
<br />. ;,.k...~., i.,,. ~ .:
<br />.yu.
<br />such .oversee etc:eed that amount :=t coverage rec:u;red to ^av the toms wecured ~+ ;h:s \tortaage
<br />::he atsurait^.a artier isati.;iug the rrsurau~e _r,...i oc tau:....- .,u.,..,.~~ ,uvi~c. • . uppra:al by ender, p~r;,dec.
<br />that such approval shall not be unreawnably_ withheld. Ali Prcnuums tin insurance puhctes shall he paid m the manner
<br />provided utxier paragraph ~ herraf ar, .f oat patd .n sorb manner. i,y Borrower making pa>ment, when due, .hrecny w f're
<br />insurance ~r;;~r.
<br />All insurance policies and renewals thereat shalt he ri form eeceplable to Lender anJ shalt include a ,emdard mortgage
<br />clause m favor of and :n t`orm acceptable u, Lender. Lendai ~hnll base the nght ni hold the paliaea an+i renewals there+~f.
<br />and Borrower shall promptip furnish to Lender all renewal nuuces and ail receipts of paiil premium,. In the went al lose,
<br />Harrower shall gn~e prompt notice to the msuronce earner and Lcndet. tender mar make pn,ol nl lass it tat ma+ic pnnuptl}
<br />by Harrower.
<br />Unless Lender and Borrower atherw tie agree m witting, insurance proceed, shall 6r applied to restoration .,r repav o,
<br />the Property damaged, provided such restoration or rcpau a cununu<ully !easdtle and the secunry of [hu Rf ortgaga i,
<br />nci( thereby impaired. If such reslotauon ar repine a ,rUi ca>nona~.nll} leastble or it the sewni} of this Mortgage +aouW
<br />be imparted the insurance prxaeds shall be applied to the sums seaired b} this Mortgage, sith she eACCSS, d any. paid
<br />to Burrower. If the Proper[} is uba ndaned by Borrowet. or ~I Ba[rowur tails !~ respond to I rndei wnh~o 3U iiu} from the
<br />date notice is mulled by Lender w Harrower the[ the msuraner earner otlen iu >enle n imm for insuruuc benefits, Lcndei
<br />is authonzed to coBeet and apply the insurance proceeds at 1 rndor s opwan caber m truona am .~t rcpuu nt dx• i''mperty
<br />or to rhr sums secured by thus Mortgage
<br />Unless l.cader attd Horr.,wer uthcrw tic set ce m wrung, an} suJ: epuli~.~oon ~•1 pm+re.is ~., p~rnapal +h,df ma rVCnd
<br />ar postpone the due date of the uumtht} mstailmgnq tetra ell io w paragraphs .m.i ncicul ~~r .hmrgc the aniuum oI
<br />such urstallment8, ti uuds:r paragzaplr 18 hcreut the PNpcrty ~s a.gwred h} Leudci_ .~ti tight, 'ulr and urri rst ~,! Baitowu
<br />in and to any atauaner policits and ht xnd la the procnecls thercaf resuiung Imrn danrige a, the Pra~ny poor to the sale
<br />ar acquisition shall pass to Lender to the estem at the sums secured h} thts .4lortgage uua:c+hateip poor n, uicit sale a
<br />asqutsitiun.
<br />b. Presets arion sad Mtunterwncc tit Proper(}i Leasehuld+.; t ondap.imunra; f'ianned i. nit firs etupnu•nrs, iiurr„wit
<br />shall keep the Pmper(v in good repay mrd -.hall twt eonrmu •~+a tom peinut aut:a;uCieu: at ,foci wtarwu „t t,3t Prr~tici t+
<br />and shall comply with the prnvutaus of tin} leaar ,t thts Mwtgagc t..~n ~ ,sahcld !t tht- ltan t~agc n ~.:uu u i
<br />crsuduarinRn;t or ,r pla.:ned amt de+r!opment, Hu;rawer sh.rli prrlot ni .al ,~t ~Bot::.we3~> ..bhgatus:z =ni.dei r!,r de+i,a ;wan
<br />ur cevenantn aeattng x gavcuung [{tr sondununumt nr pl.wned unu drsclopmenL d!r hV-la++.. .and rcpuia!:.~n. „I fix:
<br />candoininmm ar planned unu development, :nd consutuem Joamrcrn 11 -t s.udomunurn or planned nut de. J.~pmant
<br />rider is executed by Borrower :aid re.urded togrthet with drin if o~tgagc, ~he :vseunrts .end .igtcc m.nr, ,.~ .u.h fillet
<br />Shall be inCOrpurated mta and shag antesil artd supplement the r+rv+.,,un. auJ a¢t cements ,~, ~hn xlvn~.rac .+, it the ndci
<br />M`eTC :t part herew.
<br />7, Ptnteetian of Lxmler"s Security li Horrowur t;mis to tart ur^r the coautaut= .,.,~ .rgrccmrut. _.,utuuted in ih~,
<br />Mortgage, ar if uty action ur prtxceding r .onvncnccd which mater tatty .~IFctu I roue: ., r,uct e.+t m Ora Piupa :,
<br />tnduding, but not 5ntited to, etnment dourain.~ msolseuq..ode rnlot Jem4ut. ,~: at r.:ngcmun., ,~t pr u,ceduigr :owl+:ng .,
<br />hankiupt or deiedent, then Under tit F_tnder's apron, upon ncnsc n, Hurrower_ ntuy make .ash .:ppaaian«,. J~si~urx ~-u+~it
<br />soots artd take such action as is necessat) ro prvte..t Lc.r:ler's :ntci est. gyn. u~:!ur};. but net Dor~te+i ~,. d;shw,ccunt .~t
<br />rer~orxabl.. at(c;tncy's f.~,° a,.I catty ugrn ih~ Pm~rt} ae~ke regau,. .t [ceder :cyu;reil :xortgagc ,;:;ur„ore .~,
<br />r ~ ~.
<br />r„raw.ivi -. ;Waking Ch:; I.han ~K...ur ect by Eh. -i Fag.:. :?;;:,:v... :r - .:: ;hs i:•.,:.a. u:.e. .~y„rs.,. amt... .., ..
<br />insurance is cl{ea anti! inch time as tilt ixiuuiretTrem Cat .uch ~ttwrance tcnn~n~uc.~ in asc.,•rdaa+c. watt Bo:i,~wa ..ino
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