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<br />LINTFORM Covaxexrs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Inferest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in she Note, and the princigaf of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fonds for Faxes and Insurance. Subject to agplicabte law or to a written waiver by Lender. Borrower shall pay
<br />to Lender an the da}jmonthiy installments-of principal and interest are payable under the Nnte, untiithe Nate is paid in full,
<br />a sum (herein "Funds`.') equal~t6`one=twelfth bf the'yedrly'taxes ~a~id•assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus ane-2welfTh 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 and frotn -
<br />time to time by Lender an the basis of assessments and bills and reasonable estimates thereof. ~ -~ -
<br />" -Tire Funds shaif'ba~held in an institution the deposits or accounts of which-are insured or guaranteed--by- a Federal or.
<br />state agency (including Lender if Lender is such an institution). Lender shalt apply The Funds to pay said 3axes;•'ascessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said aecourit:.
<br />-oryerifying and compilingsaidassessments and bills, unless Lender pays Borrower interest on the Fundsand appl.`==cable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the .time:'of- execufio¢r.-oil •this-
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is-.made or agplicabte-law'
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and- debits to the Funds-arid the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additioaai security for the-sums~setvred-
<br />by this Mortgage. - -
<br />If the amount of the Funds held by Lender, togethec with [he 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 Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrnwer on monthly installments of Funds. If. the-.amoum-of-the-Funds-
<br />held by Lender shall not 6e sudicient 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 Lender to Borrower requesting payment thereof. -
<br />Upon payment in full of all sums secured by this Morgage, Lender shall promptly refund to Borrower anp- Fends
<br />held by Lender. if under paragraph 18 hereof the Progeny is sold or the Property is otherwise acquired by Lender, Lender
<br />shali~apply, no later Ikranimmediately prior to.-the sale of.ihe..Emperty.or-its acquisition -by-Lender, any-Ftmds. held-6y
<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. alt payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by k-ender first in paymem of amounts payable to Lender by Borrower
<br />under pazagraph 2 hereof, then to interest payable on the Note. [hen to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />d. Charges; Glens. Borrower shall pay xll taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, tf not paid in such manner, by Borrower making payment, when due, directly [o the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly tarnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnonty ovzr this Mortgage! grovided, that Borrower shah not be
<br />required to discharge any such lien so long as ~8orrower shall agree in venting to the payment of the obligation secured by
<br />such lien is a manner acceptable to Lender, or shall in good faith contest such Lien Ny, nr defend enforcement et such lien in,
<br />legal proceedings which operate [o prevent the enforcement of the lien ur fnr[erture of the Property or any part thereof.
<br />{. hazard Insurance. Borrower shall keep the improvements now cxisung ocirereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended cciverage". and such other hazards as Lender mat require
<br />and in such amounts and for such periods as Lender may requrre; omvided, that Lender chap not require that the amount nt
<br />such coverage exceed that amount of cnverage required to pay the +uins ,scared by thu Mortgage.
<br />Tate insurance carrier providing the insurancE ,halt !'@ :hosen by Borrow-er sub;ECt t agprava! by ? :n€ler. ur<++^.ded,
<br />[Nat such approval shall naT be unreasonably withheld. ,411 prrmmms nn insurance polices shall be paid m the manner
<br />provided under paragragh :hereof o., .f amt paid in such manner, 6y Borzawer making payment, ~iten due..'.uectt. ., rhs
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be ul term acceptable to Lemicr .rod ,nail urduJc a ,tandard uturtgage
<br />clause in favor of and in form acceptable to Lender. Lender <halt h;rve the nght ;o hold the policies and renew ats thereof,
<br />and Borrower shall promptly funush to I_rnder all renewal nuuces :rod ail receipts u( prod premwnis. In the event of loss,
<br />Borrnwer shall give grompt notice to the msm~nnce canter earl tender. LenJer nmy make proof ut loss ;t nut nude pn,mpth
<br />by Borrower.
<br />Unless Lorider and Borrower othenvue agree m wrung. msuranre pr occcJ, ,hall 6e apphzJ to restoration or repine at
<br />[he Property damaged, provided such res[oranon or repair ~s zanwrnicully tensible and the ,ezuruy o! thu Mnrtgnge n
<br />not thereby imgaued. [f such rcuoranun ur repay a not camomrealty ien,d,it nr a the aetunty ul` Ihn Mortgage ,vould
<br />6t: impaired, the insurance proceeds shall be applied to the runts secure) h} this Meng:+ge, wnh the euzss, if an}. paid
<br />to Bounwer. [f the Property is nbandnnc,d ht Ilorrc,wer, or ~t Borrower lads r., re~pund to l ender' wtthm t(1 da}s ;rem the
<br />Sato notice a mailed by Lender to Borrciwer that the ntsuratnce :arncr otters .o .sale .~ t!auu tot maurrnce neneli u, 1 ender
<br />is auihniized io cuilcct and 'apply the msurante proceeds .u i.ender-, opuun tuber to rt,,torauun of repatr of the pro lxm
<br />or to the sums secured by this Mortgage,
<br />Unless Lender ,utd Harrower u[henv ire agtec in wrung, an} retch .grph.:niuai ,d proceeds w parapet ,h,dl not ester)
<br />or postpone tNe Jae laic of thu mo:tthlp installments reterretr a, m paragraph+ sad _" hcreot or ;range one .tmoum of
<br />such itn[aliments, if under paragraph IB hereet thv Prolxrty n acyuircJ by L.eudcr. all sight, talc amt inutre,t a Rorr.,wa
<br />in and to nny innutaaskz goficies and m and ro the proceeds thereat rsuhmg from danragc to the Prager} pnor to tna o.rie
<br />or acquisition shall pass to Lander to the extent of the runts secured 6y this Mortgage nnmedtately pnor n: ,nth side or
<br />acquisition.
<br />€. r=`- \,~i~t„`~t :af Peutiy; i-e~kitikeks; f':3utku _rrt iu:xs-s; k"kanxtkJ !:,ui k#+afupuic:r:a. F::?; r.: ~-;~-
<br />hxN k~..p the Prepertp in.g~'zk rwtr„-,r a;ni +hak! nrjt <.-morn x~ta ;,r perruu utsi+,urmtrt =,r ti;ttrx,tauua Jt the Prupart:
<br />and shalt cnmp$• with the pcE+vtstuns of any (Ease ii this M,ongagz .+ ou a luaszhuld- I! phi, }fw tgagt n n - ~:rot ~n .:
<br />canduminurrn or ,, ptann Yl seat dc,eiuprseent, Harrower ,half part orm all of Bet n+wm, ohi;gattens undoi the de..Ln ulna
<br />or caveuanis crtating rr guverurng the a,nSoanxiwnt ar pEs;nncd :rot devclopntcnt. the bylaws :utd n•guiauon+ ; t the
<br />eundcroinntm r.. plsnrx..# null developmerri, utd c, oau[uen[ aocwuem,- It a w+donumuw or nl:mntd urn des elopuicnt
<br />ruler ~a cane toad Ny Borrower atul rccurdEd togeahcr wnh ihn Mungage, iht .,,, enuntn .rod .igre¢ntenr. ~:I .udi rrdri
<br />shalt ire mcorporateJ rote anJ shat aatertd anJ suppienrent rho c+t, snarls and agrcemeuTS of inn 3~forlgagc .,, .1 tht nJti
<br />were :a pari hereat.
<br />7. Protection ref Lenders tiscurity. It Horrowcr tulle eu petrurm the cuvcuanu earl ,tcreeui<uts .-:,ntautt-l ~n thn
<br />Mortgage, ar il' any acuWt sir ,rnx:eedtng is atmmenaw whirl: material(} atlccta Lc odor-. rust zsl m the Pn,pnu~.
<br />including. but not itmued sit, emtltent dumam. io>uhmie}. rode ettor..emout, rr ni raugcucnts „r pt ucaedmga ,ol, ing
<br />baakmpt or decrafent, then Center at LEader's ognou, u}+ou itorrce n, Burrowm, ma} make vtdh .+ppcar:.nt n, di,~hursc xx~h
<br />store and take nuah accron as is ncccs.+air to prefect La,ndct~x ~ntcrest, :nd udmg, bur nv limited [.:, dn6ui+emcnl ~ ,
<br />rcasortaNle attorney's fees xad entry agar the PripErrv to make ropa~rs. St (.ender rcyuinJ m:rrtt:aKa mcurance ~,.
<br />wntitHrrn .+[ making tNe lt~rt ;Eeurea Ny thrs 4k,rtgagz Hz+rrrw er strait pa_a flee pivmnmros ^euuirad t, matntaut sti+h
<br />insurance in effect until -suc:it tame as tin' zcqurrenteui Tor such ~nswancc: n:nnututcs in e.:curdanc wrtlP Hurr:wcr, arw
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