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<br />UNIFORta Covex ~xrs. Borrower and Lender covenant and agree as follows:
<br />f. Payment of Pitneipai and /Merest: Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced 6y the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on an}• Future Advances secured by this Mortgage.
<br />2, Funds for Taxes aril irraorance. Subject to applicable law or to a written waiver 6y Ixnder. Borrower shall pay
<br />to Lender on the dey monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein -fFun~") equal to ane.tweffth of the. yearly taxes and assessmema- which may attain priority over this
<br />Mortgage, and gmtmd rents on the Property, if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-tweffth of yearly premium installments for mortgage insurance, if any, all as reasonably estimatedynitially-anti from
<br />time to time by Lcndet on the basis 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.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 Lender may agree in writing at the time of execution pf this
<br />Mortgage that interest nn the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall 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 whtch each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />It 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, assessmens, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents as they tall due. such excess shall be, at Bortower's option, either
<br />promptly repaid to Borrower ur credited to Borrower on monthly installments of Funds. !f the amount of the Ftmds
<br />held by Lender shall not be strfficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pa}• to Lender any amount necessary 'n make up the deficiency within 30 Jays from the date notice is malted
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by the Mnrteage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. if under paragraph 18 hereof the Property :s vold or the Properp is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the ,ale of the Property or its acquisition by [xnder, any Funds held by
<br />Lender at the ume. of application as a credit agatnst the sums secured, by, this b1ongage.
<br />3. Application of:I'symeels. Winless applicable law provides otherwise, all paymt;nts~reeeived.by Lender ender. the
<br />Note and pazagmphs--1 and 2 hereof shall be applied by Lender first in payment of amounts payable.[o.Lender by Harrower
<br />under paragraph Z hereof, then to interest payable on the Vote, then tn,the principal of the Note. and.then to imerest and
<br />principal on any Future Advances. ~ - - -
<br />4. Charges; I~eaS. Borrower shall pay all taxes. assessments and other charges, fines anJ impositions attributable to
<br />the Property which may attain a priority over rho Mortgage, and leasehold paymentr K ground rents. if atty. in the manner
<br />provided under paragraph 2 hereof or. if not patd in stub manner, by Borrower making paytoent..when due. directly to the
<br />payee thereof. Borrower shall promptly futwsh to Lender alt nouces of amount darunder this paragraph, and in the. event
<br />Borrower shall make payment directly. Borrower shall promptly lurnsh to Lender receipts evtJenetng such payments.
<br />Borrower shall promptly Discharge am' !ten which has pnunty over Ihts \iurtgagc: pntvtiled, that Borrower shall not be
<br />reywred to Discharge any such lien w long .u Borrower .hall agree !n wrn!ng m the pat meat of the obligation secured by
<br />such hen m a manner acceptable to Lender, ur shall m gtn,J I:uth .onteat ,uch lien hv, nr Je[enJ enforcement of such lien m.
<br />legal proceedings whtch operate to prevent the rnhxcemrnt of !hr hen or wrtatun• of the Property cr any part thereet.
<br />5. Hazard lrtwraatt. Borrower shall keep the mtpn+vements new csiwag ur hereafter erected un the Praperry insure)
<br />against loss by fire, Hazards mduJtd walla the term "a.teetwkD .t.vet agv". anJ +uch other hazards as Lender may reyutre
<br />anJ in such amounts auJ for such penods xs l.endtr may ;cywre: era, tdeJ, that Lender shall nut requn'c that the amount of
<br />such u+s•erage exceed that amount of urverugt reyutred tc pay- the ,unto accured Fv :hi, ,Ltortgaga.
<br />The insurance earner providing the utsuranee ,hail fee ~hustn by Burrower subject to approval by Lender. prov:deJ,
<br />that such approval shalt not he untnasonably withhelu'. Aii prertnuma on insurance puttees ,halt be {+uiJ m the manner
<br />provtdeJ under paragraph 2 hereof ur, <t n ~t patd In wch manner, ht Herrowtr making payment, when Juc, dtreetty to the
<br />insurance carrier.
<br />All insurance policies anJ renewals thereof ahull be m Lunn aeeeptahl ro i_enJer ..nJ shall unluJa a ,tmuLuJ nnvlgagr
<br />clause m favor of and in tarot acceptable to Lender, Lcpder ,h;Jl ha,e the nghl to hoW the pulicre, auJ renew ah thercot.
<br />and Borrower shall promptly furnish to Lender :dl renewal nouns :utd ail rrergns of pntd prenuunt,. In the went of 1.,,,.
<br />Burrower shall glue prompt uotiec to the insurance earner auJ Lcndet. Londe! ma} snake pox,! ni loss tt not nntdo prrmptls
<br />by &urower.
<br />Unless Lender anJ Borrowar othtrw-rae agree in wnnng, uowonce pr.xerd, shall be applirJ to testutauu^ .~r rmpau ei
<br />the Property Jamugtd, provtded such restorauon ar irpwr ;s ccunumte.+lk !r.utMa .mJ the ,eouuy of thts \fonguge :,
<br />not thereby tmpatred. ii such res[ormwn or repau !s nut econum!eall} IcuaR+ic .a :t the ,ci uurv of IMs Mortgage woutJ
<br />be tmpairtd, the msuranee proceeds shall be applieJ to the runts ,rcureJ by flu, Mortgage, oath the ryas, it any, pa:J
<br />to Burrower II' the Prom to ahanduneJ b} Burrow e!, or :t Bon uw rr tail !,~ :apouJ n+ 1 cuJcr violin 3U Jays Innu :hr
<br />dote notice a m.uleJ by Lender to Burrower that the :nsur.ntce ,arncr „Ilea !n ,ark ., Jame lo! m,urance heuclio, 1 code!
<br />Is aWhunzeJ to collect anJ appl} ttn::rourancc pl,keeJs at 1 cnJrt\ „puan cuhci t,r rc>t.,rauon or rep:ur of the Pn,pert}
<br />ur to the vents srcureJ by this Mortgage
<br />Unless l.cndcr and Barrnwer othtrw ue age i-e m wuung, un, ,u.h .:ppitcan,ai ,q I,n,. rcJs lu pu nc qAJ ,hail not c,tenJ
<br />or Ix stpouc the Jue Jate of the monthly mstullments rota red !. ::: pa[agn!ph, ~ .wd nercw m- ;bongo :ne entuuut of
<br />such tmtallmenW. It under Paragraph IK herein the Property n uu{uueJ h} LruJri. aJ tight, vile :utJ :n!etest at Bun-owes
<br />in ;utJ to rut} mwtuncu puhcies anJ in and q, the proccaJs thereat :r>ulung tr.nu Damage to the Proptn. poor n, the ,ul:
<br />or acywsnrou shall pass to Lender to the eytem of the aunt., .c:ured b} !lu, \lougaga unmrdmtd} pant !„ .uch ,ale o:
<br />acyutsiaun.
<br />6. Fresco alien and }fainttnattcr of Profurt}; LrasrhuWa: i'nndomiuiums; Plaruted f.~nit Ue+elupurruts. Ituu~~w rr
<br />shall keep the Nrgpcrty in gaud repine unJ shall not wputtit :. a.,ts o,r patnw nnp.urntent yr drteriorauau of !hc Propmh
<br />and shall cinnply with the ptoviswns of any lase rt flu, Maugage „ ,•n e Icas.halJ, II flu, \lo: tgage n .,n :. :nut In .:
<br />conJnrannunt in a planneJ unit Jevrlopureut, Bnt[ow c: ,hall penenn alt :•t lio!nnut's ,~bhg.d l,n:.a under the de. Luauau
<br />u[ covenants creating or governing the cundomnuuin n! plaunrd unit Jew e6,pmanL !hc by Incas .u:.l :egulauun, NI :hc
<br />condomuuum or plannuJ unit Jevelupntcui, .,uJ mnsutuent Jocuum u:,. It e .,otdouuuwm :n plunnrJ ,:nit .Ie. alopntcut
<br />elder s esecutrJ by Hurtuwtr anJ r=•,ordeJ !ogethet vial !hn M,•ugagc, [1ce ..,errant, .nD .:uircu[en!~ -•I .r.ch talc:
<br />shall be incorporated into anti shall amend anJ ,upplement the co, mt,utL, ;mJ ,rgreunau, ul !hn Mu!tgagc .,, :t !hc u.la
<br />were a pan hereof.
<br />7. Protection of headers Stctrrity. tt &ura+act Loh to perform the .vvcnanh ;utJ agrecmm~ts .,,ntnuteJ -:^ thn
<br />Mortgage, ur if .qty ucnou nr prx:redmg :a :onunene'ed whuh nwtrnully alicc is LrnJer~s mta[csf w ale Ih.,p;u,_
<br />indudmg, but uol limited ae, ennnent dantain, utsolvencc .ode en Gancomut .,. an;utgrmm!n .a tn,~, cedwg-, .. .:i::,~c -,
<br />bankittpl or [lecCtlerlt, thou Lcndet at Lunderi opmnt, upon notice a, Be[n,w c:, stay make ~a~h iptxnrante,, .4>LU:•s +ah
<br />zunvs and take such action as Is neressan to pt otcet Lcndtr'e mtcte,[, :: :uJ;ag. hi:! :~ `inntad ... J:eku: ,oncn, . .
<br />reaxxtaMt suame}'s lets xuJ entry upon the Proprlt}~ to make ~. air-. lr i enJet •,•y-- ! n„•; p y- ., ,,<<, ... ., ,
<br />cc ndiuun of ntukutg the titan •.ecuted b} dos \Sottgug Burruwu ~ha,! t,a} the ntcnu arm ;ey,n: e,t ..• morn -~ w -.
<br />insurance in eHact untiV such 4ftlc u, the rtquirtmen[ fur ,uc?a ells at- • ~ - late, :r x:utdaocc ., Bu.:,~v,v ., ,i
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