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Uvrt=anx Covvnsxrs. $arrawer and Lender covenant and agree as f:+iir~ws: <br />1. Payment of Prlneipal atsd Interest. Bcrrawer sha3! promptly pay when duz the principal of and interest or, the <br />indebtedness zvsdeneed by the Noce, prepayment and late charges as provtcted rn itee No[e. and the principal of and interest <br />on any Futuro Ad+anees secured b}' this A4ortgagc <br />2. Funds for Tats and Imannee, Subject sa applicable ':aw or ro a ~.s'ritten waiver by Lender. Borrower shah pay <br />in I.endee an the day tnanihiy installments of principal ;trtd tnzzrzst arc payable under the ?vote, unet! the Notz is paid in full, <br />a sum (herein "Funds"} eyua3 to me-twelfth of the t'carty tags and assessmer.s+ which may attain priority aver this <br />Alortgage. and gratmd rents ern the Property, ii any. ploy one-twelfth of yearly premium installments for hazard insurance, <br />plus eae-twelfth of yxarlr premium msta3tnaents for martgagr maurance, if ang'. alt as reasonably estimated initially and from <br />time is tittle by Lender on the lusts of assessments end hells and reasonable esiimatc~s thereof. <br />'fhe Funds s?ta33 ire hek. i;t an -,nsN€utian nc~ dep.~s,is ,xr accounts of which are insured or guaranteed by a Fu3eral ar <br />sta€e agertcy tirtctuding Linder ;f E_rnder is sttcfi arc insssrmron+ Lender shall :t.pply the Funds to pay said rases, assessments. <br />itlsurattee premiums and ground rents. i.ender m-,<y rant charge f;ryr sa ht+dding and apptysng the Funds; analyzing said aceaunt, <br />or verifying and t:,lmpt ing said assessments tnd hills. ~. nfess tender pays Borrower interest an the Funds and applicable law <br />peemits L.endcr to tra-r such _I€arge $. re3w"er tad ter;der ma; agrt~t. 7 wit:rag at .he time of exi:cutian of this <br />Alasrtgage Thai iatesest on the Funds shad he t+atd to Barr,wer. and unless su.h agrzement is made or applicable law <br />requires such interest ro be paid, 1_ender slraSf ac:r t,e : cyu:red to pal $arrower :sns iriztest or earnings on iht ` Inds. Lender <br />shall givo .~ $orrowct. wtihaut cfsarge..+n annual acc,~unzink .>f tixz F_ene!s sltciwtttg credets and dtbits to the Funds and thz <br />'purpose fnr which each debit to the r'unds °a~a,~ rtaoc- l~he l~r,rids are pledged as aciditi, rail securrty far the sums secured <br />by this Atartgage. <br />If the amewnt of tha Funds itetd try Lender, together with the loran monthly- installments of Funds payabir prior to <br />the dot dates of taxcx, ansessmcnis, tnsurars-e premiums sad ground rc,^.ts, shah exceed the amount rzyttired to pay said taxes, <br />assessmeni3. €nsuratxn premiums attd gresund rents as rhea ea41 der_~, =rich evicess ,hat( be. at Borrower's option. cutler <br />grotttpzly repaid to $otrewar ~- .:reciited t.t 13arrawer an^tonsl:;y iustai!menr rat Funds. [f the amount of the Funds <br />held by I.cnder sha[l not be strzTtcier€t to pay tales. assesSt..ents..nstrrar.Ce premiums a:rd ground rents as they fa33 due. <br />$orravrer shal3 pap to tinder atsy~ amount etxLrssar r~,r maY:c up the =frfic.en.=: a-uiun :~ ;fat's from the daze notice is mailed <br />by Leader m Borrower rcquesriag racmzst thereat <br />Ispan papmer.-t :n Cult of all tsttnss ~c+re.1 b< :i„s ~trr:~rgaue. i-cr:cie: ~hal€ rcmptEy r,tund to $t+rr<wer any Funds <br />Ytckl tw Leader. It' artier a:;raaraPh 3# itzreot site i'ryperr::- .,,;d . , +itc P=,,;±cs:. „ crherr<tse acyurrd '+y Lender. Lender <br />skill apply. xis, later =_lzan itnntediatc:~- . _ .: shi^ < f , !''+e Yr:>perty .'r ;.. .t.:gtasrs:on by I.endcr, any l=ands held by <br />Leader at t3se trzru of :epgl~atu'~-t as .+ .'re:iit against she ninn> +eeure:.i ht that1'+lfxtg:tgr <br />3. A~t~irrrtlun of Papt~eeNS. Ln3c>x app3t:ahlcraw ^ :=.tcies cihr=~:-eye. nil payments =ecetved by Lender under the <br />`veto aza! aragtariks t. snd Z hertz*t shat: ne ap}*i;ed by 1 rt,drr r*St :r• nagme s f*t amot:nis pa'.a[:ic t,.} Lender by Borrower <br />ender paragraph_ hereaet, tt~r. a :rsc'res* t asah`e :.. na ~.„sc. r.r ;h , rtactpa3 ~=t the ,v a:s..:nd then tit mtcrcxt and <br />prrxipa3 on any' Future .id.'ar--cs. <br />3. l"des; I3tae. Bar. c~+s e- er~a?3-. pat a~ .Fee+_ s, c±s:r.^r:±_ :...~ her :h5rgex. Armes xnd tnxtx sttetat5 attnbuiab[e to <br />E<4e ['ttspert} wit taay aitam a p;anrt;s :fs-er t, .:. 'ri,zr:Ragc. ind €,_asehoicl ,^s~ mcnt,. ; r era>und tea=s. is art', in the matuier <br />pa++'tdCai °,u:de= paragraph a i-.rre~t ar, ,• -.z p,,;:i ;:r ;u.^ :a:a.ix~,.-. ~e ;3;•;:-o-.~~.•t mcx,;:r t-a.mers=.:s'[sett due, ditectlg to rite <br />pa}'tC L~.ema4. $arrow•cr !Mali ~rcxnr.:s 'vxnec', t,' t,en,lcr .cii n. .._> oY s;ntfxsnts i?i.2 :,r-aler ih,~ paragraph, and in the went <br />$orntur.• shall make ps'y~rztent ,,. ..,. 8-. ,'-wtr ,-,m~ ,t.:p=; ;,i'n;,~ ~ .c,szr r_ectpt~ .:sdcmzng .rich paymems <br />F~'x~°cx~z s;ta[! prrtssa}r'zy ;uscw~..Ba any inss ,..,:;t+'-aax ..r,.: „ ~ . ,. ~t t~,xgc r.rtzct ih.at Iiorro:c'ar <ita33 nett h:. <br />crqu,t'td r~+ dtxharge -arty such .ec=. - `utt as f3t=rasw _ha_l ,.=re ..., re g th+: r- st ._at . ,=hi+gan,, . ..rated b}° <br />s;tcb ls'tn;a a ttsanhrr a«~ptahiz . trader, ~, ,.`xa'. en z*serd i;,:t?± ,:,, ..c -, ,.:.r l.rr, h> e- r.;e>3' .rt:,acntent .*€ ,~y4h troll in, <br />Iegu p+wxtdx§tits ^A f;¢ch open st_ t , F:;ev.-vt ',*_ ent.=:_f~ixa-nt -,. .. n...ce, ... ,,,.ic=:'.r. ~. .: tnc ' ~:,yet:y =.. sns ;=ar: t!tcreaf. <br />fine,. - <br />~. !lMwsd It~ee_ Ikarrrn+er shall i_cY2+'?x :; -._ ::raca;t, es,.. =r ,g ,^_ .. s~at,rr er~~<ztS ar. t'~ i'rrrttcrty inuured <br />ugauut `t~+ ut s"~tre. haxxrdi a=~.'.:le~ »;tne== th,c 2c:m r.:ynrtc.; ~agr~ ., . .. ,, tt1. ~., l.er:der ma)' zcyuere <br />aax•? ansu:h a~r;,'rt;n~ ai'td t,,, :,mac, s,+rrr::~a a . cv~:.--~:~~ r , n;e : ~:3ed . -mot t.. _a.. rra r..~atri: i?zat the arocxsnt ut <br />starts ~cic~tag< ~accrcl 3ata. 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