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<br />UN¢FORM Covt:nnvTS. Borrower and Lender ccvenant and agree as follows:
<br />I. Psyment of Principal and Interest. Borrower shalt promptly pay when due the principat of and interest on the
<br />indebtednzss evidenced by the Note, prepaymen[ and late charges as provided in the Note, and the principal of and. interest:
<br />on any Future .4dvances secured by this hfortgage. - ...
<br />?. Fund; for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shalt pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Node, until the Note is paid in firth
<br />a sum (herein "Funds' equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments 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 hills and reasonable estimates thereof.
<br />The Funds shat) be Geld in an institution the deposits or accounts of which are insured or guaranteed by a Federal. or:
<br />state agency (including Lender if Lender is such an itutitution). Lender shall apply the Funds to pay said taxes, assessments;
<br />itsurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicabte.law-
<br />permits Lender to make such a charge. Borrower and Linder may agree in writing at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and uoless such agreement is made -or applicable law.
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interes[ Ur 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 each debit 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 Funds held by Lender, togethe[ 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 />azsessments, insurance gremiums and ground rents as they fall due, such excess shall be,~ at Borrower's option, either
<br />promptly repaid m Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds_
<br />acid by Littdee shah not be sttmcient to pay taxes, assessments. insurance premiums and ground rents. as they -fall due.
<br />Borrower shall pay to Linder any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Linder to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this hfortgage, Lender shall promptly refund to Borrower any Funds
<br />held by Lander. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Linder, any Funds held by
<br />Leader at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicabte law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Linder first in payment of amounts gayable to Lendee by Borsower
<br />under paragraph ?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 />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the Wanner
<br />provided under paragraph 2 hereo` or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Linder alt notices of amounts due under this paragraph, aed in the event
<br />Borzower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptl}• discharge any lien which has priority over this Mortgage; provided, that Borrower shag not be
<br />requred ro discharge any such tier. so long as Borrower shall agree in writing to thz payment of the obligation secured by
<br />such lien in a manner acceptable tU Linder, or stall in goad latch contest such lien by, or defend enforcemtrr o[ such lien in,
<br />legal prntiedings which operate ro prcvtn[ the enforcement of the lien ur forfeiture of the Property or any part thereof.
<br />5. Hazard insurance. Borrower shall keep the imprvvemints now existing or hereafter trotted en the Prepir[y insured
<br />against Loss by fire, hazards included within the term "axtirEdts! cUVtragt". and such uthir hazards as Lender may require
<br />aed in such amouuts and far such ptriuds as Lender may reuuice; provrdtd, that LtnJir shall nizt require that tf!e _mvunt of
<br />such toverahi tsceed that amount of coviragt rzquired tt3 pay the sums sicurtd hti :his hfortgage.
<br />The ins«rantt tar ~r prariding t;-,e insurarrct start to ctesen by 'r-lorzUwer s=abject ro nro<a! b}• !.ender; provided,
<br />that such approval shall not 6e unreasunab4y withheld. Al! premiums on insurance polipt Khali be P lid io ihi mapnir
<br />provides! under paragraph 2 hereof ot, if oat paid in s«ch mannee, by Borrower making payment, when due, directly tU the
<br />insurance Cartier.
<br />AB insurance polities and renew;ds thereof shall be in form aceeprab~t to Ltndir and stall ineluJe a ::andard nwrtgagt
<br />clause in favor of and in form accepu+bti to Linder Lender shall have the right m hold the pohtits and renewals thereof.
<br />and Borrower shaft promptly furnish to Lender all renewal Wolters and all receipts of pant prtmiumi. In the want of Ims,
<br />$orrower shall give prompt notice to the insurance earner and Lender. Lendtr ma} make oruo[ of loss if nut made prompgy
<br />by Borrower.
<br />Unless Lender and Borrower othirw•ise agree in writing, insurance proceeds shall ht applied to restoration Ur repair Uf
<br />the Property damaged, provided such resroranun or repair to eeunomitally ftaschh and the security o[ this hfortgage is
<br />nut thereby impaired. If such restoration Ur npsir is not eeunomicaily feasible Ur it the security ot` the htortgagz would
<br />bt impaired, the insurance proceeds shall be applied to the soots secured by this hlcttgagi, with the excess, if any, paid
<br />to Borrawtr. It the Property is abandoned h} Borrtxvir, or it Borrower tails to respond to Lender wuhin 30 days from the
<br />duti notice is mailed by hinder to [IOrrower that the insurauti tattier altars to nettle a claim for m:urnrni btntflts, Ltndir
<br />is authonzed to collect and apply the insurance prttere[is at Lmtdir's option wither a? restoration or repair of thr Yn?yxct}
<br />or tU the sums si,;ured by tits h'lartgagt.
<br />Uvltss Lendtr and Aotrowrr otherwise agree to writing, any suds application of prt,cttds to pruterp,il shat! not ectind
<br />qr postpvni chi Jae dare UC the momhly inswllntznts refitted to in paragraphs ! and 3 t..rtof er change the amounnt of
<br />such ins[allntenu. It under paragraph 18 htrecf the Froptrry :s ady«crcJ by Liudir, ail eight, title and m[ereat of Idoirawer
<br />in and to ally insur:uue putities and in and [U rho proctids thereof resulting frvm damage to the Prupccty prior t« etc >aie
<br />er acqu~~ctioa shat! pa_s ! _nd~-r hv -,.t... ~f ihi =u .~ s~a,_ ilia . ,. ~ _ .t;,. .,.'a..:., , ~. ,. ., sfi ,+,...~
<br />ucyuis+tion.
<br />(+. Presan~otiUn and-hlaintinante of Property: Les~eh<rhL; llrn[lumiaiums, Pluauad Unit 17esvGtprnents. B<~tr,~..cr
<br />shall keep the Property iu gUUd repair and shall oat commit waste or permn rmpmrnttnt Ur dettrioratiwt of t;ai Prut=w+ty
<br />and shad comply with the peavisiuns ut' any (ease if the etc rtgage :s un a leuschcld. It this hfortgage is ott a amt ut .+
<br />condominium or a planned unit JeseNpmznt, Borrower shall parfsum :[II of Berru+.cr's ublrgatiens under the dicl.tesuun
<br />yr covenants crta[ing or governing the condominium ar planned unit devrlopmrnt, the by-Clore and rrgukruon, .d the
<br />condominium ar planned unit developnten[. and constituent do vmenr<, IF a condominium or plunntd unit Jos elatsnrni
<br />rider is txecu[td by Borrower and recorded togtthtr with this bortgage, the cuvenanrs and agrocmints nt ncch r:
<br />shall tat incorporated into and shall amend and suppltrnent the rovenants and agrecmints Uf this MUrtgaye as :f the r:.I~r
<br />wire a part hereof.
<br />7. PlweStion of Lender's Seturiiy. If Borrower fails W perform the covenants and agrcenttnts cuntameJ m the,
<br />MUrt~age, or if anY ac[ion or proceeding is tommtnctd which mutirially alFttts Lender's interest in the Prot:trty,
<br />inelu ing, but oat Iimittd to, eminent domain, insnls•eney, code entorcentint, or un~augemtnts or proceedings invoh~ing s
<br />ba.^.krupc. Ur d_ •edint, titan Lcrde: at Lendee i Uption, u pon notice ro BUrcowic, may make such nppearutcrs, disbunt ,u„h
<br />sums and take such anion as is nickssary to protect Lender's :ntectst, including, but uUt limited io, Jisbutsentent . ,
<br />reasonable attorney's fees and entry upon ihi PrUpiny to make repairs. If Lendtr requirz ~ mortga,~ insurance ~...
<br />condition of ntakipLt the town secured by this hfortgage, Borrower shall pay the pmmit[nu reyu:rcd to maiuta::t ±,..,
<br />insurance in effect until such time as the «quircment €or such msuranct terrmnates m accord:uu~e with Bur row er's .u,.l
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