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80.._ OAt~~
<br />UNIFORM Covetvertrs. Borrower and Lender covenant znd agree as fellows:
<br />1. Payment of Pdneipal and lnterest. Borrower shall promptly' pay when due the principal of and interest o~ the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fonds for Twits-and htsttnnce. Subject to applicable law or to a written waiver by Lander, Borrower shall pay
<br />to Lander on the day monthly installments of principal and interest are payable under the Note, until the ~;ote is paid in full,
<br />a slim (herein "Futtds") equal to one-twelfth of the yearly saxes and assessments which may attain priority over this
<br />Mottgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium mstallmenG for 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 estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by n Federal or
<br />state agency (including Lender if Lender is such an institution). !.ender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may oat charge for so holding and applying the Funds, analyzing said account,
<br />or vitrifying 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 Lander may agree in writing at the time of ezecu[ion of this
<br />Mortgage that interest on 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 be required to pay Borrower any interest ar 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 wch debit to the Funds was made. The Funds are pledged as additional security far th. wins secured
<br />. by this ~iottgage.
<br />If the amount of the Funds held by Leader, together with the luture maathly installments of Funds payable prior to
<br />the dart dates of texts, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />a«ments, insurance premiums and ground rents as they tall due, such excess shall be. at Borrower's option, either
<br />promptly repaid [o Borrower or credited to Borrower an monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall net be strtHcitnt to pay razes, assessments, insurance premiums and ground rents as they fall due.
<br />Barrotwer shall pay to Lender any amount accessary 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 by this Martgage, !.ender shall promptly refund to Harrower any Funds
<br />held by Lender. If under pazagraph 1S hereof the Propett} is sold oz the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later titan immediately prior to the sale of the Pranerty or its acquisition by Lender, any Funds held by
<br />Leader at the Sime of application as a credit against the sums secured by this Mortgage.
<br />3. Ap~littMion of Payments. Unless applicabte law provides otherwise, al! payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first m payment cat amounts payable to lender by Harrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />6. Uharses; Bens. Borrower shall pa} ail razes, assessments and other charges. fines and impasitians attributable to
<br />the Property which may attain a priority over [his Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided tinder paragraph 2 hereof ar. tf not paid m such manner, b} Borrawer makine payment, when due, directly to the
<br />payce thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make pay~rtent directly, Borrower ,hail pramptl7 furnish u: Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien ubich has pnoray ,?ter this 'tiortgage; provided, that Borrower shall not be
<br />required to discharge any such tarn so tang as Borrawer shall aGrce in ,+nung to the payment ai [he obligation secured by'
<br />surd5lien in a manner acceptable to Lender, or shaft m goad faith tomcat such lien by, oc defend enforcement of such lien in,
<br />legal ptoceedtngs which operate to prevent ttte cntiorcement of the Icon nr facto+ture of the Property ar any part thereof.
<br />5. Ilaard Insurance. Borrower shat! keep the ~mpravements new extstmg ar hereafter erected on the Property' insured
<br />against loss by fire, hazards included wtthan the term "extended coverage', and such other hazards as 1_ender may require
<br />and in such amounts and fw suth periods as Lender may requrre; pnn~ided, that Leader shalt not require that the amount of
<br />such coverage exceed that amount of coverage reo'ured to nay the sunu secured 6}' *.his Mortgage.
<br />'Ihe insurance carrier providing the insurance shall lx chosen by Borrower subject to approval by Linder; provided.
<br />that such approval shall net ~ unreasonabh~ withheld. All premwms on insurance poiittes chair be paid m the manner
<br />provided uttder paragraph 2 hereof or, tt not pstd in such manner, by Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />AI! insurutca }whctes wad renewals thereof shall be to farm acceptable to Lender and sha31 :nchide a ~tanJard mortgage
<br />clause in favor of and in farm acceptaia(e to Leader. Lender shalt have the right to hold the policies and renewals thereat.
<br />and Borrawer shall prampd}• furnish to Lender all renewal nauces and a!3 receipts of pasd proms±tnts. In the eaent of lass.
<br />Borrower shall give prompt notice to the insurance carrier and Linder. I_enuer may mai.e proofaf loss tf oat =lade promptly
<br />by Borrower.
<br />Unless Lender and Borrawer aiherw°ise agree in wrtttug, insurance pr xecds shall he applied to restoration or repair of
<br />the Properly damaged, provided such restoration ar reparr +s ecartomtraily feastbie wad the secant} of this Aortgage +,
<br />trot thereby impaired. If such restaratian or repair s not ecmtomu:aih• fusible or +1 the serunip of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied io the sums sactued h} :his lartgage, wuh the excess, if an}', paid
<br />to Borrw•cr. If the Property is abandoned b}' Borrower. or :: Borrower fade to respcmd to 1 Winder wttht^ 30 days from the
<br />dale Mice is mailed by Leader to Borrower that the insuren::c earner r+tTers to settle a .team far insurance baneiits, Lender
<br />is authtuized to collet and apph° the insurance proceeds at Lender's c.,ption ether to restaratton or repair of the Property
<br />or to the sums secured by this Martgage.
<br />Unless Lender and Borrower otherwise agree to .vrrung. aria seA9t application of pn,ceeds to principal ~hal1 urn extend
<br />or postpone the due date of the mcmthi} installments referred w in paragraphs artd_ here.;t or .:hang+: the sntaunt of
<br />such i[»taHtttcats. if under paragdaph iy hereof the Prt?_aert} rs acyu.red h} Lender. al; «ght, tale rod interest of Ba«ower
<br />in and to any insuranet policies and in wad ra the proceeds thereof resulting [coin damage to the Prape.rty peer is the sale
<br />ar acgttisitian shall pass is Lettdtr is the extent of the scuts setumJ bx this ~lon¢age imnicdtately praor to such sale or
<br />acgttisitien.
<br />6. Preaenatbn atad ilaintenaace of Property; Leasehold s.; tondominiuau; Planned Unit Ih *;elopmrnts. i3a«ower
<br />shall kelp the Property in goad repair and>hall A6I ,;ammit anste or permit impairment ar deterioraaon of the Property
<br />and shall comply wish the previsions of any lease ii ibis Mortgage is <.n a lt:asehi,ld. If this Rtortgags: a an a anal in .,
<br />condominium ar a plantted unit derelapment, Borrawer sttali perform all c*f Borrawer~s obicgauons uudcr the dcclaratx?u
<br />tar covenants creating of governing the tondomatvum or pla:tned unit descktpmertt, the t?y-laws and regulation, of the
<br />caridominiurn or planned unit dcvtlapmtni, aria oansiituem da;:untetus. !f a nutJaatiniunt ar P{arned snot devote}?itt~_nt
<br />rider is exccvfed by Borrawer attd retarded together wuh this Mortgage, the covenants and agreements ,+f sorb rider
<br />shall be i~arporattd into aria shalt amend wad supplement t)tt: attenants and agreements of this ~Sortgagc as :f the rider
<br />Wert a part hereof.
<br />7. Prntcetlna o[ I.tadtc's Seetirity,. If Borrawer fads to perfann the covenants anJ agreements contained in thn
<br />Mottgagt, or if any action ar proceeding is c+smmenteJ which materially atletts Lender's +merest in the Propert}.
<br />including, but oat lintittd to, eminent domain. irualvrrtcx, exit enfarccntent, ur arrangements er proceedings mvofvmg a
<br />bani[rupt or dececknt, then Leudtr at ].enJer a uptian, upon aonec to Bc« ewer, rite} snake such ;tppearanu;s, ~iishurse ,uch
<br />sumeattd take such action as is necessar}' to prefect Lenders ~nu'tnst, ,n~h+Juig, but nut IinuteJ to, ,hsbursement ~+f
<br />txiattanable attotney's fees and entry upon Yln Property to make copal;,. !s tender reytiitcd snnrtgage insurance a. .:
<br />condition of makirte the loan secured try' ~:liS 4farUtage, Bartawcr +hail pay the premsurns aequuad to maitita;n uirir
<br />ttuuC3nCe in e$tct until such time as the reytiiremem far such insurer+.e termsn:tte+ rn accordance u:th Burr.,wtr's :;rid
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