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<br />U~tFOxsi Covp::wlvTS. Borrower 2nd Lender covenant and agree- as follow=:
<br />I. Payment of Prineigai and Interest. Borrower shall premed}- peg when due the principal cf and interest on the
<br />indebtedness evidenced by the Note. orepaymen*, and late char_ees as n..*ovidtd in the Note. and the primctpal of end interest
<br />an ane Future Advances secured by this Morttta¢e.
<br />Z. Funds #or Tries and Insurance. Sebject to applicable taw or to a written waiver by Lender. Harrower sha31 pay
<br />to Lender on r<5t day monthly :astaltments of arincipal and mteres: are pa}-abie under the Note, until the '.rote is paid in full.
<br />a sum (herein "Funds") equal to tine-twelfth of the yearly taxes and assesmenu which may attain priority over this
<br />?dortgage. and ground rents on the Proaet•ty. if any. plus vne-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if an}•. all as reasonably estimated initialty and from
<br />lime to rime by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />"I;le Funds shall he held in an institution the depnsiu or accounu of which are insured o: guaranteed by a Federal or
<br />gate agency (including Lender if Lender r such an institutior.l. Lender shall appig the Funds to pa}• said taxes, assessments,
<br />;nsurance premiums 2nd ground rents. Lender may no: charge for so holding and apph•ing the Funds. analyzing said account,
<br />cr verifying and compiling said assessmenu and bills. unless Lender pays Borrower interest on the Funds and apalicable-law
<br />permits Lender to make such a charge. Borower and Lender map agree in writing at the time of execution of this
<br />Mortgage that toreros: on the Funds shall he 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 env interest or earnings on the Funds. Lender
<br />shall gn'e to Borrower, without charge, an annual accounting of the Funds showing credits and debiu to the Funds and the
<br />purpose for which each debit to the Funds was made. Tee Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Leader. rogether with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premmms and ground renu, shall exceed tee amount required to pay said taxes,
<br />assessmenu. insurance premiums and ground renu as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on momhly mstallmtnu of Funds. If the amount of the Funds
<br />held by Lender shalt not be sv~cient m pay taxes, assessments. insurance premiums and ground renu as they fall due,
<br />Borrower shall nay to Lender aaq amount aectssarc to make uo the deficiencc wtihin 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upov payment m fait of ail sums secured 6p' thts Mortgage. Lender shall promptly refund to Borrower- any Funds
<br />held by Lender. If under pazagrane 2S hereof the Propem• ;s sold nr the Property rs otherwise acquired by Lender, Lender
<br />shall apply, tie later than lrtuaeriiateh' poor m the sale of the Property er its acgwsvon by Lender. any Funds held by
<br />Lender at the time of applicaticn as a credit against the sums secured by rtes Mortgage.
<br />3. Application of Payments. Unless appitcable law pme;des otherwise. all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first m payment of amounts payable to Lender by Borrower
<br />under pazagraph :hereof. then to interest payable en the Note. then to the pnnctpai vt the Nore. and then to_interest and
<br />onncipal on any Future Advances.
<br />S. Chat~es; Liens. Borrower shall pay alt taxes, assessments and other charges. tines and tmposiuons attributable to
<br />the Propettt• which may attata a pnorin aver this Mortgage, and leaeehoid pa}mitnts yr ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or. a not paid m such manner. by Borrawe,- making pavrnent. when due, directly to the
<br />paste thereof. Borrower shall promptly iurmsh to Lender al. notices of amouaa due under this paragraph. and in the event
<br />Borrower shat' make payment dtrectty. Burrower shall prvmptlp tumuli m Lender recetpts eyrdencmg such payments.
<br />Borrower shall ~prampti}' discharge any hen which bas pnonn~ veer tau \tongage: provtved. that Borrower shall tint be
<br />required to discharge any such hen so long as Borrower shall egret rn u•nung m :he oavmcm vt the etatt~anen secured b+•
<br />such hen m a manner acceptable rn Lender, or shall in good forth contest such iron by. er ~defead enforement of such lien in,
<br />1 jai prucecdtn~- which vpcratt to prevent the entorc-.moot of the leer or tcrtetture ai ilia Yrcpcny ar nay parr thereof.
<br />~. Htaasrd Insurance. Borrower shall keep rite ;mprovements na>a rauune ar hereafter erected on the Property insured
<br />against loss b}~ fire. hazards included wnhm the term '~extendcv urvtragr .and such cites; ha~rds 3 Lender may rceeure
<br />and to sucF amounts aztd far suet ptnvds as Louder ma+ require, pm,~!dc. that Lender shalt not ..*euwre that the »maunt of
<br />suer. cavera;Zt txcetd that amount of c . trace r„qu~r=_d t ..._ .... - ,. ,.. ,.,, , ni= ^~+.er;gogti
<br />The tnsur arcz caner provrdi:tg :he rnsurance s:aii ~Y ,~ha>er. by ~Borrowar ~subRC[ t- approval bl~ Lendrr~. provided.
<br />.a__' sue` ar,-, 'Shaft rr bP „~:, _ .... -. +s •° .u
<br />~.a, usre-;i-_n_el.~ -._. ... ...... ., lets.,, a,.. „rl:c.~ sh;~i „- p„r:d ,
<br />provrded under paragraph a hereof o 'nut _ra;d m~-tic!; m ~ ^:n3' ~,.~~r ~_ ~ _ ,~~ s--ctrl ss~. -- r-~ !; ,_ .. _
<br />IIISL'1'aIICt (.a:ntr.
<br />Alt InSU7anCt palicltti and renewedS Ihert(`l S[i»l: (rr [n IC?rm :i..^epta DiC ;c~ LCiltler Anil 5hali inCludC u ,[attcl:e(J rn Urlgagr
<br />ClaUTt In faY(rT (`f and ]n farm aCCtptaiJiC iC! LCndtt. iCndet shalt hayC the nghl Ifs hold lhr pJIICICS anJ rC trewal> ttlC[CC+i.
<br />and Bgrrewcr shall pramptJ}' furarsh to Lender all renewal nauce> ane ul recetpts ai pard premwms In ate rvtm ei ii?ss.
<br />Borrower shall grve prompt nauce iv the insurance earner and Leaver Lender ma} make pmvl vt toss a ns+: made promptl+
<br />b_v Borrower.
<br />Unitas Lender and Borrower otherw•rse agree rn w~nung. ;oar. once procceiis shall be applied ie resiv:auoo ur rep;vr ni
<br />the Properly damaged, provrded such restoration ar repair a e<unumica.Uy :rasrbie and the arcw its i this Mortgage :,
<br />not thereby imparrrJ. If such restoruuvn or rtpar rs not reenomrcail} teas hie ur 1, the security at th;s Mongage wuulJ
<br />6e ungaued, the insurance procttds shall bt applied to the sums securtJ vy this '+~lortguge, ~`ith the excess. r' and. pale:
<br />to Barrcwer i[ the Propcrt: is abaadanev M Borrower, cr a Harmw•er tads io respond iv 1_ender wrthm 30 Jays from the
<br />dais rrvu ~ r4 rirarleJ oy Londe[ r0 $OrrOYJCr that (tie InSLLran L'C L'atr?eP nner> If` SCtlle a Calm for itil LLranl'C htnell[S, L-ender
<br />is avtlrorizW [a collect and apph the insurance proceeds at Linder ~ upuon e;eher iu rtstorauon or reparr of [he Prnpem
<br />er to the stuns sacuttd by this Mortgage.
<br />unttss Leader and Bei`rvwer vtirerwise a:;ret ;n u riling, any suet application a pructtd,: to pnnerp:xl shalt not extend
<br />or postgane the due dare of the monthly utstaiimt^ts tettrrtd to ~r: paragraphs ! and ~ herevt yr change tnc amount tit
<br />such tnstailmtnu. 2f under paragraphs i8 hereof the Properzy a acyuved by Lender. all tight, olio and interest of Borrower
<br />m and tv any lnsurauct pahcia and m and to the proceeds therevi resultiag from damage u` the Property prior to the sole
<br />or acywsiuvn shall pass to Lender to rite extent of the sums securty ry thr> Mortgage ;mnttiilateiy pr;ur n, arch sale c?.
<br />a^~se~i*Tn-
<br />6. Pa•~et :~atia;. rid i3~!-it~wui~r vt ;'rc.prny; l.er~3r(ytis: C-ondominiwrss: Piaurted l-rut Ueve-lupments, Hcrrrvw-er
<br />she!! keep [he Propcny hs uad ttvasr and shad not comma waste ur permit tmpaumen: yr drterioraneu ul tar Proptny
<br />and shalt comply with the provuiotw iri an} itasr it this Alortgagr r` on a leasehold. 12 this A1orll;age ;. nn a :nut in .,
<br />candatalt»tun or a pla.-uied amt devetopmcnt, $orrnu'cr shAil ptnorm ail vt Borrowers obhgauons under tar deciarauun
<br />or eovtnanu ereanng or gcvcra+ng the condammrum or planned amt development, the by-taws and rcgulauons of the
<br />condominium or planned unit development, and ennsututm documents. If a eondvmmutm nr planneJ unit dt+'riupmtnt
<br />rider Is exer:uttd by Sorrowtr and recorded togtthta ,vote rhea !atomsage. the cvyrrxants and agrrsmcnt~ i`l . rater
<br />Thali tx in:ot•Iwrstsd m;v and shall amend and supplement the co`~enants anJ agceements o; [h;s Mongagc as ;l the r;drr
<br />ware a part hualf.
<br />7. Pntrftsiiratt of I.tu(}xrs SrcTSrity. If Borrower laJs t~> pertvrm [ht +rovthants an~i agrtemenn toot arnecf ;n th;+
<br />hsortgagt, yr rf any action yr prnctcdtn~; ;y cnnuntocod which materully afiecu Lenders :nterest ur rhr Proprnt.
<br />;rcttld"tog, trot not 6matd tn, amintnt damson, rnsvlvtncy, axis rniareemtnt, yr arrangements sv ptuceedutea imuiamg a
<br />caalctupi or des:edent, tistn Ltndtr at iender'T apuvn, upon ueuee t(• Borrower. may make such arpeacnnces..tnbur:,y ,use:
<br />lts:tns and tare st, h action a. rs :tt:zsTary to protect 1_ehdtr's rote: est. ~trctuding. our not Irmrte.: rr•. ,.i:svursense n;
<br />r°_®E::,^.ahle a ;.,. a sw~ art.'.' G.,^„ry ,~; tbr;? ~ ry - kt repo r_ i_cnJu icuur-c i -are r. - a a 1 s ~.
<br />condtnon of mahi.ns the loan stcurtd 6v tits 45oraaec,r l}vex ,cart hit y.:?•iin,. -,~ ,a...~,,, ,,,~..
<br />inxusaace is e;7ta anal such time as ;he rtquvcment fat arch ~nsura_ncf rermrrsit_ttnr :. ... r.. „_r~_ ...._ ~,,, rf,_... - ., ~,.
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