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<br />U~rnoatst CovetvnNrs. Borrower and Lender covenant and agree as follows: '
<br />i. Paymeet of Priecipal and leterest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced 6y the Note, prepayment and fate charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Feeds for 1'a><es and feaeraece. Subject to applicable law or 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 sttm (herein "Funds'") equal to one-tweihh of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and groumi rents oa the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plusone-twelfth of yearly premitun installments for mortgage insurance, if any, alt as reasonably estimated initially and-from
<br />fime to time by Lender 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 insttted or guaranteed by a Federal or
<br />crate agency {including Lender if Leader is such an institution). Lender shall apply the Funds to pay said taxes. assessments,
<br />ittsttrance premiums and ground rents. Lender may not charge for so holding and applying the Funds, atialE2ing said account,
<br />or verifying and compiling said asseutnents and bills, unless Lender pays Borrower interest on the Ftinds and applicable law
<br />permits :x-tder to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that imerest on the Funds shall be paid to Borroweq and unless. such agreement is made or applicable law
<br />requires such intermit to be paid, Lender shall not be required to pay Borrower an}• interest or earaingg on tl' mounds. 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. 'Ibz Funds an: pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amotmt of the Funds held by Lender, mgether with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, itssurance premiums-and ground rents, shalt exceed the amount regtdred to pay saidtaxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess. shall 6e, at Borrower's option,. either
<br />promptly repaid to Harrower or credited to Harrower on monthly itutallrnenis of Funds. if the amount of the Funds
<br />held by Lender shall trot be strfficieat to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />BetTrnrer shall pay to Lender any amount necessary to make up the deficiency within 3C) days from the date notice is mailed
<br />by Lender to Borrower zeauesting payment thereof.
<br />Upon payment in full of all corns secured by the ifartgage, f_eoder shall promptly refund to Borrowrer any Funds
<br />held by Ixttder, if under paragraph 1:+ hereof the Properly is said err the Properly is otherwise acquired by Lender, Lender
<br />shall apply, rte later than i3tttudiat^ly grin; to fix sstZ .'t thz Pt Tx:ty ^ its acquis;tion by Lender, any Futtds held by
<br />Leader at the time of application as a credit against the sums secured by this 4ortgage.
<br />3. of itgrwteats. Unless applicable law provides otherwise, ail payments received by Lender under the
<br />:Yore sad paragraphs ' a~ 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 herrof, then to inters-st pa}•abie on the `nte, then to zhe principal at the blots, and then to interest and
<br />principal an any Future Advances,
<br />i. Cdrges; I3eac liortouu stroll pay ail taxes, assessmments and .,then .:barges, fines and impositions attributable to
<br />the Property which tray attain a priority over this iortgage, and izasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof ar_ if not paid :r. such manner. by Borrower making payment, when due, dirtcdy to the
<br />payer thereof- Borrower shall promptly furnish to Leader adl €xuces of amounts due under this paragtaptt, and in the event
<br />Horrourr shah make payment directly, Borrower alto!! promptly furnish to Lender receipts evidzncing such payments.
<br />Bortaux:r shall promptly discharge any Beat which has pr€arzty over .his ~fongage: pravtded. that Borrnwzr chard oat be
<br />required io discharge any such lien so Song as Borrower shall agree in ..ntrng to the payment of the obligation secured by
<br />stn.h lira in a manner acceptable to Leader, nr sltald in gaud faith contest such ditn by, or defend ea(arcement of such lien in,
<br />legal pro.^eedings which apuate to prevznt the eniarcemem of the Tian or ferteazure of the Property ac any part thereof,
<br />S. 1Hmrd laseantr, Borrower shat! keep the €mpmvements now exasttng or hereafter erected an the Properly insured
<br />agaimi loss by fire, hazards included within the term "euendzd :average'. and su.h other !tazards as Lendzr may require
<br />and in such amounts and far stx.h pzriads as Lender may require: pros-idexf, that 1_ender shall na*. require Fhat the amount of
<br />stulx eavtrage exceed that amount of cm•etage rzqutrzd to pay ;he sums xcured b}. t#aas 1longage.
<br />'Rte instuarx:e carrier providing the insuran:-e =hall hZ ;§tt+sen hu Bornwer subject t., appro;^ai ht Lender: provided.
<br />tiNti such approval shalt oat die unrcaxanatal}' withtstdd. All premiums t,t: insurance pollees ;troll he p_;:d ut the manner
<br />provided under gawgraph 2 herucf err, :f trim paid in such manner. b} Borrower rook€ng payment, when due, directly to the
<br />iasurara rartier.
<br />_+\B iasttrance ~dicits and renewrls t.*€erxi shalt tx in iorm a..rptahdc to Lender and she?d anrktdz a ataadard mortgage
<br />tlattse in t'svar cN and in farm aceegtadtte to Lendzr. Lender vhali have the nght ,., bald ilsz policies .anti renewals therznf.
<br />aed Hts*raa=et shall prang*1y Sttrrish tsa L~~eu a?i =zttz=fai ntsu==es an+i old r~;zrgtc _u paid premiums. In thz eicnt of loss.
<br />Harrower s#tadt givz pratrrpt noiit~ tra the itnu~aie carrier erred t.e;dts. Lzntizr r-€av rook=- preset ~ f ass :f n, t rtrtde prantptiy
<br />try Barrowtt-
<br />Uakss Linder and Banawet athzratse agree ir. wrt€nc: insurance :'rckceds shsld taz ap€:dizd ue reetorafien .u repair of
<br />the Property damaged, providtal such rzstarattnn .>r repa:r +s ecanomecady izastblc „nd the' severity of this 1lartgage :~
<br />nM fheieby impairtxd. if st;e3a restoratron at repot is oat €ca:+natttsi:aN}- i~•a~«i;^,?e .,r €t the s~';Kr+±3• at thrs Mortgage would
<br />be itnpairotl, 3lre instuatm gracaeds shall tae applied to the sums >e+.:urzJ b} tt€;s tfartgagz. =.auh the excess, if any. pard
<br />to Borrosvet. 1! the Pritptrt+' as abandontd hy: Hanc>scet..~r :i $arr~t>wer tu;la tr, Te.~~tnd io 1_ender x~€thtn 3ti days from the
<br />date notice is mailed by Lender to Bortawzr chat the insuran ~ ranter .,iet~, _.~ sc`ttle ,+ claim #ar e}tsurat:ce fmneftts, Lender
<br />x atnharizrdl to calker and appt; the rrtsuran.x' pratXeds at t~ttdex's ,*pzt.rn r+t3tzr ice reators:;+=r:.~r repair of tic P;open}
<br />err za the sans sectu+dl by this Mortgag:•
<br />Unless Le,~der atoll Barra:+~r atker•~t~;c: zg, s~ ;n x.e€:ng, .n. -act a~.r'si,catsun .°^~i:~ezds av pr;n::.:pad txa?i n ~ zxtend
<br />err gc>sl+,'use ttse duz date sf ttre m~u€thl}~ im'iat#rttznts rr~serrr?-:.? is+~ia par3gr.;pit> =and ^_ ?;erz:ot oz ,:.hinge thr am.:unt ai
<br />soot instaiirtrtettis, if uatder paragraph i$ hrrr€tf tlte• €tr,~pctt} := a::ya:rr,i ri} Lender. ail r+ght, taste and entzrzst of &:?rr,:wz:
<br />in and to any ittsutance palicits and in and ro thz ptocrzds thzrzsxt rtaultnng from darn,gz to €hz Propzat} poor to ohz s.a1e
<br />tu' :><^aguisr3ion shall pas;: to letxiea t. 3hz cxtznt of thz vents sc-.~u:af i+} thn `.fcrc?g,.~: :rnmeitate33 pnu t~= ,ueh sate or
<br />L lhaaenattian and \tiaKaara of lro~ei[a; i..easrlwutds; C'aadomiaiaw; Pleased L`tut Urr-dopteents. Bar rawer
<br />shaid k~ t<~ Propusy itt gac3 retsair atlstl shalt oat -c+ammit waltz a: pzrnut unp:urntetu ;}r a:ereroratian i the Prnpzn}
<br />awl saaid u~piy with the gmjisiotts of an}= tezz tt 21tas ffcng:.ge as on z .'eaa2totd. 3i slats !,lartgaee €s ,an ., ,::tit ie: a
<br />c-0ndanrinium err a planned unit dcvelogmenr, Basrc+u~cr shall pzrform ail at Haxrrnwrt's at+iigattorta under the deeiarat.on
<br />err aovetuuatx creating err gaternatg thr canrkrmrmum err ptanttzd :.,tut dzvzt,~±pment, thz by-law, and regulat€atr., A,P the
<br />t:opdrxitioittan err gfaonod unit dev~aapment. anal i°unsZii€aeset doatuutans, li n n>rtiaminiunr tar p?anuzd una ,te+zd: pnxznt
<br />ride ii executed by Blur®w•er atui recorded togzthet w:th tltz> Mortgage, zhe ~ovzaanis and agrrezttettts ;at tech €der
<br />chap ht iertxparaud inUn aid shill amend anal sugpicmeni ittt cytaarsanis and agreemznis a# this Mongage as ;£ thz uder
<br />eves a part hereof.
<br />7. thalaesia~ raE I.aadar'aSaearily. 1f Horrtn+zt fords too perform tdre covenants anu agrc~.-mznls contatucd .n rh-ts
<br />llortgagt, err if nay action err gtoceodtttg as vomrzuauta ahtih mazctiaitt aficats i.estder's raters>z in tht Pre:pzrt}:
<br />htcttdutg, but tt~t limita3 to, eetinettr domain. irtsatvcnc}, c,,dt rnbtrrc+'ntznt, ; . arran~ti:nx»cs ,', prttc:,~dinES :„v.'ad•.;:r, ;.
<br />tranltru~ err deect~q;, theta !.ender ai l.endert option open naztce t;a itarrewer ~rxxr €uaks; sw.h nt'r :ararcc~s, sd€sburse av~h
<br />sums and take latch action as is zftt:essst.•g to pritrct Lata3er's m:zreat. mciad€ng, but not- hmated tv, d>sbursrrrautt .,i
<br />reaxonat'aie attorney's fate std tisatry atpon the Fro}>crty ttr stake repayrs. !f i.eradzr rzq+aired n;ortgage insurasaa;c a~ .+
<br />twx+tlitirut ai naatmg ttao dawn secural by ibis Mortgage, LNsrictuat sn~tdt p~}' ttre premturtu sequ:rrd at martzt_,<u ro.a.h
<br />inxauatrx in e$ect until su4's lima. at ttta ragpirertteor f9t sxs:h .n~ara€x;.a: t:;:rtrra*.cy :n sc:isrxtan~c a,ith l+t~t€.~cs„', ;,aa,i
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