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<br />UN[FORM Covsxxxrs. Borrower and Lender wvenant and agree as follows: -
<br />t. Payment of Principal apd Interest. Borrower shalt promp[I}• pay when due the principal of and interest on tae
<br />indebtedness evidenced by the Naie, prepayment and late charges as provided #n the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurance. Subject to applicable law ar to a written waiver by Lender, Borrower shall pay.
<br />to Lender on the day monthly installments of principal and_ interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Fumis") equal to one-twelfth of [he yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on [he Property, if any, plus one-twelfth of nearly premium installments fdr hazard insurance,.
<br />plus one-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 and reasonable~est#mates thereof.
<br />The Funds shall be held in an institution the deposiu or accounts of which are insured or guaranteed by a Federal or
<br />state agency (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 for 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 applicable law
<br />permits Lender to make such a charge. Borrower and Leader ma}• agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall he paid to Burrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt not he 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-and'the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums seeuied.-
<br />6y this Mortgage.
<br />If the amount of the Funds held by Lender, together with the furore monthly installments of Funds payatile 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 he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If [he amount of ,the Funds
<br />fteId by Lender shall not be sufficient to pay ffixCS, assessments. insurance premiums and grannd rents as the}^ 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 6y this Mortgage. [_ender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is Bald ar the Property is otherwise acquired by Lender, Lender
<br />shall 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 ]and 2 hereof sha(I be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph Z hereof, then to interest payable on the Note, Then to the principal at the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay atl rases, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Mongage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph Z hereof or, if no[ paid in such manner. by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall prompdy furnish rn 1_ender all nouces of amounts ducrunder this paragraph, and in the event
<br />Borrower shall make payment direr:!}', Borrower shalt promptly furntsh to [.ender receipts evidencing <uch payments.
<br />Borrower shall promptly discharge any Tien which has pnonty over this ~ior[gage: provided, that Borrower shall no[ be
<br />required to discharge any such lien so long as Borrower shall agree in wn;mg to the payment of the obligation secured by
<br />such lien in a manner acceptable to Louder, or shall in good faith contest such lien hy, or deferzJ ens`arcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the hen t+r iorieuure of the Property or any part thereof.
<br />5. hazard Insurance. Borrower shall keep the improvements now cvsnng nr hcroafter erected or, the Property insured
<br />against loss by fire, hazards included wtthm the term "aztendeJ ,overage"..rod each other hazards a. LCndor matt rcyuue
<br />and in such amounts and for such penods as I_cnder may regwre: provided. that Leader ;hall not roquire [hat the amount nF
<br />such coverage exceed that nniuunt of coverage reyuued to pap the ;ems ;ea:red by this +tartgage
<br />The ~n.,..raneo c ravid;'rg the insurance shall be ctiasnn f crrow ,
<br />`•• •"'.:r }• ,v a' 'er 5!tfiic4l [n ~pprt+v3i h4` t_cnJCr_ n`t ,'idcd,
<br />that such approval shall nut be unreasonably withheld. .All premiums on inair::nce pollees shell be paid !n ihn manner
<br />provided under paragraph '_ hereof or, if nc[ paid ir, such manner, by Borrower making pip°ment. •.vhen der. ~h rc~tly to the
<br />insurance carrier.
<br />Ali insurance policies and renewals [hereof shall be in iann acccptahle to LeuJer anJ shall mdudc a -tandaid mm~gage
<br />clause m favor of and in [arm ucecptahle io Lender. l.cndcr ,hull hate the nght u, hold the Pahcies .utd renew aLs theret~l.
<br />and Borrower shall prompriy furnish to Lender all renewal ounces and ul! receipts of patd prmm~un,. In the event of I„+,.
<br />Borrower shall glee prompt notice [o the insurance earner anJ Lender. Lender ma} nutke pnuv of lose d oat made promptly
<br />by }Iarrowcr.
<br />Unless fender and Borrower othenviee agree in wnnng, m,urancc pn,neds shall he upphed n, reuuruiun or rep:ur nt
<br />the Property damaged, l,rovidcd such resturaUun or relxur is rconomtcall}' teaad,le auJ the ~.ecurty ut Chi, .Alorig.:ge :.
<br />nol thereby impaired- It such restot anon <tr repair is oat ecunomn.tlls teaaible +v it the securuy ul thn 4lortgagc woulJ
<br />be imparred, the insurance proceeds ,hall be applied [o the gums eecured h} ihn ~iortgagc, +vnh rtte alcc,a, rt any, prod
<br />to Bo.~rower. tf the r.'rcparf} s ahancloned M Ban owei, of .. Bon~trw er t.iJs to rospanJ to i ender within iU Jay, inxn the
<br />dale nonce n waded by Lender Io &arower that the uinur,uice .,urmi alters I„ ,cult ,i .lann for innuruncc hcnahis, 1 endm
<br />is authorized to collect :rod apply the uisuruicu proceeds at Leudei's ,ipuuu cnher n, restorauon nr repair of the Pn,perp
<br /><+r to the runts arcured b} this A~turtgago.
<br />Unless (.ender and Borrower otherwisr agree m +v ning.:un wch upplivauon ,.r pi,~ceads io pnnoipul shall not even)
<br />or postpane the due dale of the nx!nthly installments refer red t.i w paragi mph. ,aid _' hcrcol of change lho anwunt of
<br />such instalUnenls. 1t under paragraph 1 S hereof the Prol,nrq is acquucsi hs t_enJCi..ill nght, ode anJ merest of Borro++rr
<br />in and to any msut':mCe pohciea and m and m ilia proecaL. thercol nt,uhmg from Jamagc to the Property plan to the ,ale
<br />or acgttisitipa sh«tll pass tc Lender io Lhe extent nl the ,ttnu axe:red by ihrv, \lu~t•,n•,r i.tm±ediatcle nnor n. ,uch ,;Jc ;..
<br />A4q_mS1IlOn. ~ V - -
<br />6. Preteen•aiion apd Maintenance of Properly: Leaschuids; i andum#ni[nns; I'ianned t.~nit i)e, elopntcnts. t+nrr.,t+ri
<br />shall kcep the Property in good repair ;rod shall out conumt wante or pernut nnpaumeoi to +(n[enor uou of the Propcny
<br />and shall comply with the prao~isieas of env learn if thrs 'viarigage „ , o- iraw•noid. it iiu; Lion gage t, nn .: ~n~i ~~~ .,
<br />Condominium or a planned unu devclepment, Borrower ,hall pcnorm a71 ,it Bonowei-. ,~t+hget:ous uudc•i the Ja i.u ahou
<br />or covenants crcadng ur governing the amdammwm or PLtnncd ~~nu JevcL~pntcut, the hy.Iuws :u,d mgultitu,u, of :hc
<br />cotxlaminiutu or planned unit develapenent, and ,~,t~u.un+r dndumrun tt .:.,n,.i„rmmum ar phmneJ „n,i .ic. ri.,inncni
<br />rider is executed by Borrower and recorded a,getiter with thin slonuage, the .aecnaius .utJ „greement, .~i ~u~h ndci
<br />shall be incarparated into and shaft intend and supplement the an counts an.i :tgrcanenn of il-ua A~h,rigage a, .t the can:
<br />were a port hereof.
<br />7. Protection of I,endeYs security. if Burrower tads to pennon the s.wcnaat, and agrccntcitts .aut,u ued m 'h,~
<br />Mortgage, or if any acnan or pt oceediag n a,n[menccd ,.Push niaicr wli} .,tTesh 1 euaurs mtere,i ut ihv Proprn;
<br />indading, trot not hmaed to. eminent domain, mxdven.y..+:dc enl.rr,.auxn;. ,, .u i.mgenwuts of prtacedma;. u,oh mg .,
<br />Bankrupt or decedent, then Lender at Lender"; opuou, upon nutwe m Bnu,.w ci, niu} nuke ,uch up~;arence-.. J „ ., .u,h
<br />stuns and take such actian as is necessary to protect Lcnder~s rntcrast. :air:,li ng- but not tiouteti t,+, di,hune;uew „i
<br />[easonable ,dti>meV's ReF and envy upon the Property t> ma1.e rep:ain it Lcndci ieyw.ed nu,rtgage msui.:ncc a, -.
<br />cendiu..r: .- rT,ak.m; t#te loan ss,cured b this :'+iottgaee,tBun_:; e+ ah::ii 1,.;. .,.v - .rl.ui:u .eq..:. .. .: mauit.:. r, ,,.via
<br />inbbYfiGe in ellCtr Unn# loch nine aS the req Wre[l3elit fur ,WCO ;F\4+iL~~C iC.In:IWre+~~ ^ .1. u,rdaq.l' ~, :Ili BU1 Ln,Cl-, .ulv
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