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80- 7
<br />UKtFan[s Govtihni«rrs Borrower and Lender covenant and agree as fottows~ ~ ~ - ~
<br />1. Taymest of Ptiatipal nail latrrest. Harrower shaft promptly pay when due the principal of and imerest on [he
<br />ittdrbtednrss evidenced l+y ehe Note, prepayment and laic charges as provided in the Nn[e. and the grincipa! of and interest
<br />an any Future Advantxs secured by tills Mortgage
<br />3, Faads [ur Tans eat lasaraacr, Subj€cs to appiirablr !aw or to a written waiver by Lender, Harrower shad pay
<br />to Lender an the dap• monthly instailsnents of principal and in[srrst err payable ender the Note, until ties Nate is paid in foil,
<br />a sum (itrrcin "Funds'"i equsi to one-twelfth of the yearly razes and assessmcmte which may attain prinrizy Duet this
<br />Mortgage. and grasmd rents on the Property, if any, plus one-twsifrh of pearh° premiam instaiimentr. far hazard insurance,
<br />plus flee-iwrlftts of yearly premit,m itfs[a;imrnts for tttartgagr insurance. rf any: ail as reasanabh• estimated initially anti from
<br />time to brae try Ixttder on the basal of assessments and hills and rrasanable estimates tiserraf.
<br />Tisr Funds shall be held in aft Institution the deprrsits or accounts of which are insured a€ guarsnteed by a Federal or
<br />start age.`xr #irsc-istding Lrnde-r Fg Lrsr3es is such an institati4nt- t_cndzr sisaiF 3pg3y- ti>r Fu[tds Lc, gak° said taxes, assessments,
<br />€tsttranct prtmiums asad ground rrnta. i_tnder may rst charge inr se hotdiag and app;pitfg the Funds= analyzing said acwftat,
<br />ar verifying and cempstiag said assezsttten~s atsd ixitis. utt=:esx Lrisder }says 1}om,wer interest on the Fund': attd applicable law
<br />permits Lender to mate such a eharlte, Borrower and Lrndtr may agree in writing at the time of ,.zecution-af this
<br />?~artgage that Ftstrrest ar+ she Ftmds xiaail be patd zo BatnRxver. aad uateFS such agrcetttent is made or -apptieabie law
<br />zquires such initrrat to ix paid. ! <ndci sitaif ns,z ~ reyu+teci [.? pay &~rrower am in[ertst c,r e<srtsiags oa the t''•nds: i:.ettder
<br />shai€ give ra Barraw-er, „-ithr~st charge. an annual ace.?untrng of the Funds rhou ins; credits and debits C, the rands and the
<br />pur-p`ose fc,r wh;vh each drhit to tttt Fuads was n;adc Ths Funaia :tee ptk"dged a> addrtirnat securisy far tine sums sectrrtd
<br />t?y .{Yt$ i'li3rtjl~!'-
<br />If tlx amotuzt of the Ftsndi lx#d ht Lrnder_ t~*gatitcr v+rtl: sip Eaton; monshty instaldmrnts a€ fiundx payahia prior to
<br />the due dares a=+f razes, assrssmeniz, cnxnranrs prtztuums atsd gn,uad rats, shale! sxseai the arsauat required to pay lead taxes,
<br />assrataentc smurattce pretwtttns aad ground -eels as .issz ea:l dos. sns>rh rtce«.s shall tse, at Barrawtri tzptian, either
<br />ptom;,t#.r repaid u> Berronrs .,r credited to Bcarrawes ors rtearltty :nsta;;rtsents tf Funds. If the amount of the Funds
<br />held by Leader shad net br suf£seimt to pa3• [aaex, acxrssnvnta. Insurance grem,ums and ground rsncs as they fait due
<br />8o,=rasrr siuii gar to Leader ens amauat zxi-~ca; w- !r rns?;e up chr ttcfi. ea.v oa[htr, 3d cut's irnm the dale notice is mailed
<br />iry Lttxier to Borszswer t~uexung .xayrnrn: thereto?
<br />t.ip°tas gagmen: sn fui7 :± ail s:unx sr~s:;ed ht *.h:, >fctrigage, ! radi`;' +:haii ;,romn[iy retsand to Harrower any Fends
<br />ite~i by Lctxdcr, ii uts,der Ysraagraph IS hrrta.t tie PnTpe,t} n ,.+td ,;; the Property •s suisetwtse aiquired ny Lender. Lendea
<br />shall aptsix, sa later than ssnm48ii'ateis r,m,r to ?iat zsle ,=t the iaretxr~e _,: its a,<curstt~,?n `,s tender, aat Funds held bs
<br />l.etadez at t$e tzam of appiicatitan as a .refit agaattst the au^: ~ sec urtd ta} ,t:sa 'ltortgagr -
<br />3= Aplieattaa st r'11~~ t rscxa appf:i:at=ic taw pr.ra=.?rs „ti+,tnttsr. si! paynsrnts rrt•~ited by i_ender under fife
<br />tiatr aad paragrapita .' oral ; isere~z,€ +haittx api'^:eesf tst i.entfe' reef :, pat tnre,t cat a.•rs,=uuec payabSe to i.cndcr by Borrower
<br />antics paragraph : hereof. =.brn to anterest i+a3-able t*n t11e \cs,e ;hrr::;> the pnncsp~a, of the`:<,tr. an:f turn t,= interest aad
<br />grxiwspaf .art ear Future .id°:antts,.
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