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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymevt of Princitea! and interest Borrower shall proraptiy pay when due the principal of and interest an_the-
<br />indebtedness evidenced by the Note, prepayment and.(ate charges as provided in the Note, and the principal of-and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. iFunds far Taws and iinsuravice, Subject to applicable taw or to a written waiver by Lender, Borrower shall pay:,::
<br />m Lender on the day monthly installments of principal and interest are payable under [fie-Note, unlit the.Note-is-paid:in full;
<br />a sum (herein "Funds") equal to one-twelfth of the yearly [axes and assessments which may attain--priority. ovetr~thisr,
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for'hazard-tnsurartce;~
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, alt 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 shag be held in an institution the deposits or accounts of which are insured or guaranteed--by a Fedeial-or---'
<br />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments;-
<br />insurance premiums and ground rents. Lender may net charge for so holding and applying the Funds, analyzingsaid aecounk-
<br />or verifying 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 Lender may agree in writing at the time of execution of-this -
<br />D4ortgage 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 or earnings an the-Funds. Lender'
<br />sha71 give to Borrower, without charge, an annual accounting of the Funds showing credits 8nd-debits~to the Funds and~ihe
<br />purpose for which each debt[ to the Funds was made. The Funds are pledged as additional security for the sums- secured -
<br />by this Mortgage. -
<br />If the amount of the Ftmds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground-rents, shall exceed the amount required to-pay-said taxes;
<br />assessments, insurance premiums and ground rents as they fats due, such excess shall be, at Borrower's- option, either
<br />p%.tgtf-y r~Yaid ~ - ewer ar redited w- Borrower •an monthly insrtlr..erts a Furds~ ;f the- amount--of-thy- Fun4 ---
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall-.due,
<br />Borrower shall gay to Lender any amount necessary 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 fuB of all sums secured by this Mortgage. Lender shall promptly refund to Borrawer any Ftinds-
<br />held by Lender. If under paragraph t 8 hereof the Progeny is sold or the Properly is otherwise acquired by Lender, Lender
<br />shall apply, no later :hen immediately grior tD the sale of the Properly or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured 6y this Mortgage.
<br />3. Application of Paymevts. Unless applicable law provides otherwise. ail payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall 6e applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereot, then to interest payable on the NDte, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Bormcver shall pay alt lases, assessments and other charges, hoes and impositions attributable to
<br />[he Property which may attain a priority aver the Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, rf not paid m such manner, by Burrower making payment. when due, directly to the
<br />payee thereof. Borrawer shall promptly furnish tD Lender aft nouces c[ amounts due under this paragraph, and in the event
<br />Borrower shalt make payment directly. Borrawer shall promptly ntrnrsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnon[y over this =Nortcage: prov:deil, [!tat Borrower shall not be
<br />required to discharge any such lien sa long as Burrower shalt agree m ,vnung [o the payment of the otrligation secured by
<br />svcit lien m a manner acceptable to Lender, or shall to good tank ::Dotes; en.h her, hy, or e[efenei enfarcemeni Df a.ch lien in,
<br />legal proceedings which operate [o prevent [he enrDrcement of the lien or fertenure of the Progert}' or any part thereof.
<br />,i. Hazard lesurance, Borrower shall keep the unprocements nu„ esisung or hereaRc[ erected on the I'r:, nrny ntsured
<br />;tgainst fuss by &re, hazards included within the tcrtn "c~teaded curenge", and such ddtet l:atard> a, i zndcr may require
<br />aed m such amounts and tar such pennds as Lender may regwre: pna'tded. that Lender shall not rcuue[c rant the amount al
<br />such coverage exceed that amount of -overage regwred to pay the sums securd by ;fits MonFag4..
<br />- nsuraace ~-- -- -[ovid;ur: the i, sur;nce , - ,- ,ewer, v Bdrrd:vzr sdbrt~t ~, -° .. ... :'roe^.
<br />that such 1appreval shall net be unreasonably wirhheldlt +-1llsprenvums un incur nee pol:cres~h~all phe~patd ,:n~the •manner
<br />provided under paragraph 2 hereof ur..f not paid in such manner, by Barrower :nakmg payment.,-v hen due. d+rec[ly to the
<br />insurance carrier.
<br />.All insurance pohetes and renewals thereof shall he m tarn acceptable to Lender and ,hall urciude .: ,tnndm~d mortgage
<br />clause in favor of and m Corm acceptable nt Lender. Lender ,hall have the nght to twirl the puhne> earl rcncwal+ tber eul,
<br />and Borrower shall promptly turm>h [o Lender all roncwal nuucc> :nut ell reccrpt> at paid pronuuun In the c+em of la,,.
<br />Barrower shalt give prompt ounce to the mew anee carom :utd Lender I ender ntay make pruut ri loss d rc=t made prmnpth
<br />by Borrower.
<br />Unless Lender and Bonuwet othenvi>c agree m +vnnng, m+urutce pnxecd, shall be applied to rr>tur,:uon Dr repair of
<br />the Property damaged, provided such restorauou or repair rs ,conomrc;dip neasrhle :+nd the ,ecunty of th:s Mongagc ~,
<br />nut thereby impaired. 1f such reswr„ban Dr rep:ur is nut r. ononu"dly Ica+rhle ur it the xcunn nt this Mong;ege would
<br />be impaired, the mxuance groceed shall be apphml nt the sums >ca~reJ by thra Mortgage. +uth the excess, d .m>. paid
<br />to Borruw4r_ It the AFDperty a abandoned by Borrower, .a d Boi n++s er tarL~ t,= ic.yxmd to I ender wrthru Sll da)> Irtnn the
<br />date nmiee n marled by Leader w Borrower that the. nnurutcc carne: n1len m settle .~ ~laun for uuurmer bcuclit>. 1 envier
<br />is authnnred Io collect and apply the umur,tnce prxreeed> ut Lender-+ upuat cube[ to re>rormmi .n icpa:r nt ate emptily
<br />or to the cants secured b} this Martgagc.
<br />lJniess Louder and Borfuwcr udrerw ire agree m wntmg, any +ud+ applrcmrou .d proceeds lu pn neipal ,hail nut e+nmd
<br />Dr pas[pmte the due date itf the monthly in>lallmems referred ro a parstg:'uph> 7 .:uJ hereof or ,t+auge the .,mount of
<br />such utstallmenis. l[ under paragraph IS he[eot dto Property i~ acyuued by Lender. nIl right, ode :unl uneresr nl Borrower
<br />in and to any insurance ~licies and in and to tltc proceeds thcreD( resrdnng Ir„rn damag¢ to the i'rupeny pr nn a, rho se!c
<br />DI aCgnrsniatt shall pas> Ia l.endtr to the ebteui of the ,uut+ xuucd b} Iles :N or tgagi•. ~nuuedratcly } rm r,~ .ueh ,.dc or
<br />a4gititil[tar,.
<br />[x, Presen atiun earl :bfanrenancc nF Properly: Ixa>alrufd>: t uudutufuiuttt>: Piauucd i nit lye, eioptnvni>. iiorio,:~r
<br />shall keep the Property itt gaod repwr and shat! not comma waste ut pernul unparnncnt ~v deter wratmu ,.t the Pnq,crri
<br />and shall comply :with ;hc pmvismns of nay leave it thn ~titungagc n •. ., Ice>choW. It d.., :hnr,y.,gc ~..~, ., ...;n i .~
<br />cwtdomuuum Dr a planned amt deaciupmout, Bou.n: c, ,hull pert o,m ..II of Bnr n~wci s .•hhg,ur, inn ,indet thr des~ar,i U,•n
<br />or covennnis creating er cocermng the atndom,mum or pl.uuxd uuu developmm~L rhr bvdaw, en.f rrguin uou. „r rh.. .
<br />eonaovniniunt Dr plann.xl unit devebpmcm, .md eunsuhxnt due unreuh II a ~,nnhrtuuuum ..r plaoued curt ,ie+J.gn ucut
<br />rider rs executed by Botrowsr earl rccordcd Ngcthcr ,t,rh ihr, Ahrctgayc, the .,+ :em, enJ .rgrrcmcur, ,~, .~,~h i,~ic:
<br />shall tx, incorporated into and shalt :upend ;md supplement the cu, en.uus end ugr<enunr, .•t rtu, Rtnngege .+, ~. ..i, inlet
<br />were :+ part hereof.
<br />?. Protection of iemler's k'turity. It BDrruuer tads ^r pcrtorm rho c,vcnanrs nn.t age eemcuts .uinamcd n. tin,
<br />Mm-teage, ur it ;inp aCtlan ur proceeding rs cdmmc-uccJ which ntatcrtully cahu. t, I cn.icr , ~utci stir r r+,c Prope, ~i
<br />lill'iUding, [)tit oat llnllted t0, elnlnenl dalnaln. In+DI~'mlll. ~udc t:nlu Relnelll, +`~ ., I'langel nenl> .. ecding, i' ,~~+~ng .~
<br />twukrupt or decedent, that Leudcr at Leudar'> upudu, uj>vm notice r„ Hon:~w c:. n:.r} u+akc gush : ppuar an. o, drd,una .u,h
<br />att. aP~ E~>a _x=h 4u~iutt -mss is rtece>tcu~} to protra Icudet', ,n[cr est. ,eluding. bur nut hmued t.., Jni,w nrumar „~
<br />re~dRat>rn attorney's i"cgs ~d rnv'y upon the Property to mnkc reyarrs. It 1 cndrr rc-.luircd n:ongage ur.wan,c ~. ,
<br />u
<br />cundiuon o[ making the idao secured by- thin Munga},=<:, Borrow er shalt pay rho ptcmwus reyuned nramr;, ~.~ ,~,..,
<br />tnSnfal7CG in t'[IP.C[ tmiit such llrnG a5 the raytii Perrieni idr cacti iniut.tn::e ttttm~:atex :~, .:.~urda='.... .n.tit B:.,:::~w ~: ~. ..~,,.
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