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<br />UvrFOa:.s C-ovF+.aras. Borrower and Lender r~venam znd agree as follows:
<br />1. Payment of Pdneipal and Interest. Borrower shalt promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided ir. tae Note, and the principal-of and interest
<br />on zny Future Advances secured by this Mongage.
<br />2. F'nnds for Taxes and Irtsnrance. Subject to aoplicable law or to a written waiver by Lender. Borrower steal? pa7-
<br />to Lendtr on the day monthly installments of principal and interest are pavable under the Note. until the`:ote is paid in foil.
<br />a sum (herein "Fuads") coax] to one-twelfth of the yearly [aces and assessmenu which may attain priority over this-
<br />Mortgage, and ground rents on the Propertc. if any. plus ene-twelfth of yearly premium irstallmenu for hazard insurance,
<br />plus one•tueifth of yea: h• premium installments fo: mor.¢age insurance. if any, all as ieasonably_ estimated init:allc aad from
<br />time to time by Lender on the basis of assessmenu and bills and reasonab}e estimates thereof.
<br />Tae Funds shah ~e held ir, an institution the deposiu ar account_c of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender i< such an institutianl. Lender shall apply the Funds to pay said taxes, asstssmrnts,
<br />insurance premiums and ground rents. Lender may not char¢e for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills. unless Lender paps Borrower interest on the Funds and agpiicab}e law
<br />permits Lender to make such a charge. Borrower and Lender mac agree in writing at the time of execution of this
<br />Mongage that interest on the Funds shall he paid to Borrower. and unless ;uch agreement is made or applicable law
<br />requires such interest to be paid. Lander shall nor be reouired to pay Bozrawer env iateres: or earnings on the Fuads. Lender
<br />shat gfve to Borrower. without .barge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose far which each debit to the Funds u~as made. The Fundc are oiedeed as additional securi[y fey the sums secured
<br />by this '.foneage.
<br />'If the amount of the Funds held by Lender, togtther with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, a_cscsmenu, insurance premiums and ground rents. shall exceed the amount required to pay said tats,
<br />astxasmenu. insurance premiums and ground repo as they fsll due. such excess shall be, at Borrower's option, either
<br />promnilc repaid to Borrower or credited to Borrower on man[hh• installments of Funds. If the amount of the Funds
<br />held 6y Lender shat! not be stt~cient to pap taxes. assessments. insurance premiums and ground rents as the? fall due,
<br />Bortti,wer than oat- to Lender any amount necessary to make up tht deficiency within 30 days from the date notice is mailed
<br />by Leader io Barrawez reauesung gayZttent rhertof.
<br />IIpan payarea: m full of all sums secured by this Morgage. Lender shall promptly refund to Borrower any Fuads
<br />held he Lendu. If undo: paragraph IS hereof the Propene is said er the Propem is otherwise-acquired-by Lender, Lender
<br />shad apply. no iattr than immediately- prier to the sale of the Propem or is acquisition by Lender. any Funds htld by
<br />Lendtr at the tiro[ of appiiwtion as a credit agamst.tht sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lendtz under the
<br />Nott and oaragraehs i and 2 hereof shall be applied by Lender tint m payment of amounts payable to Lender by $orrower
<br />under paragrapn_ hereof, then to mterec[ payable nn the Nate. then w the principal of the Note, and then to interest and
<br />oeinaaa! or, env Furu.-e .9dvaa:es.
<br />4. Charges: liens. Borrower shall nay all rases. assessmentz and other charges. fines and impositions attributable to
<br />tht Propem which [nay attain a pnoary over thu Mortgage, and leasehold paymenu or ground rents. if env, in the manner
<br />provided under paragraph_ htreof ar. if not paid in such manner. by Borrower making paymeai, when due, directly to the
<br />payee taerret. Borrower shall ommpth~ furnish to Lender all pouts of amounu due under this paragraph, and in the event
<br />Bo=-rattly shalt make payment dirtctlc. Bortouer ;hall promptly fumrsh to Lende; receipts ertdencing such payments.
<br />Borrower shall promptly discharge pry hen w-Mete has n..^.arrty over leis Martgage: provided. chat Borrower shall not be
<br />rcgmred to dxschargt env such lien x lone as Ber;nwer shall agree in wrung to the pa}'men[ et the obligation secured by
<br />such hen m z manner ac: eptabie to Ltndez. er shalt m coat! troth contest such Len by. ar defend enforcement of such lien m,
<br />legal proceedings which notrate tc prtveat tat erdorcunent of the litn er farfetturc of the Property or any part thereat.
<br />5. f3azard Irrsnraaee. Barrawer shall kete the imgrovcmenu you- exisnng er hereafter erected oa the Proper:>• insured
<br />aaatnst lass M' Sre• hazards mciuaed u•:thrn the tern; "extended ,overage' . and sue:^, other hazards as L.eadt: ma?' require
<br />and tr. such amavau ene fey such: penods as Lancer ma?' rtqutre; ^:(+vrdr. the: Lender shall net reuwrt that tot amount of
<br />sue!: ove are _xet=d * amount .crape ,- :ed pa: ..w s~.;, ,urtd ~v this Mc^gage-
<br />Tht insurance came~r providing the msuranceushal;~~be ctiastn b}••6errowtr aubtett to apprava! h}' Lender. provided.
<br />the, su - - - - _„~ ,., not ht uarca;n nabi': wit: ?s =,d- .~11 or~avt:tns .,, ,..'<u; a;,c~ pY.,;<:s shy, ~ paid . ° inexact
<br />provided^uadt- paraT~gh ' Lsrtnf et.:f pox paid u. axich zuasn~-. -.~ Bcr.*ow•t,- making Fay=ment, u,_.: dut.,dtrtcily xa the
<br />insuranro carrier.
<br />A1! insurance oohas aad renewsis thereof shat bt m Corm acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and ir. tatm acceptable to Linder. Lender shall Lave the nght to hold the policies and renewals thereof,
<br />aad Berrawer shall promptly Furnish to Lender ail rertwal noucts and aq receipts of paid premiums. In the event of loss.
<br />Borrower shaft gyve prompt Wooer to the msurancc catner sod Lender. Lender ma} make grooi of toss a not made promptly
<br />by Borrowtr,
<br />Unless Lender and Borrower othervv ire agree m wuung, insurance proceeds shall be applied u, restoration ar repair of
<br />the Properq• damaged, provided suci± restarauaa ar roper. a env,omtcally iwsible xud the secant? of this hlongage u
<br />not thereby impaued. if such restorauon or repair is nut economicaiiy ftasihie er d the secnnn~ of this Mortgage would
<br />be impaired, the ixtsurtuiae praaeetis shall be appLtd to the sums secured b}- this Mortgage, with the exa:ss, if any. paid
<br />ro Borrowtr. If the Propeny x abandoned M Barrowtx, or i; Borrower fails to respond to Lander unthin 30 days from the
<br />date notice is mailed by Linder [a Borrower [hat the insurance earner aIIecs to settle a claim for insurance benefits, Lender
<br />is authonzed to collect and apply the iiisurarict proctcds at Lenders apuan either to restoraton or repair ai the Progeny
<br />ar to the sutras secured by this Mortgage.
<br />iJnlcss Lender and Borrower otherwise agrrt in wrung, any such applica[ion of proceeds to pnnctpal shall not exrcnci
<br />or postpone the due dart of the monthly instaffinenu referred to m paragraphs ! and 2 herea( ar change the amount et
<br />such installrtreats. Ii itndtr paragraph I g hersof the Property is acquired 6y Lender, alt nght, udc and interest at Borrowtr
<br />in and to any insurance pohcits and in and to the proceeds thereo[ resuiung from damage to the Property pear to the sale
<br />or acquisition shall puss to Lende-r to the eateat ai tlx sums aecurtd h} Q~ts Mortgage ,mmediately gn.v m such sale or
<br />acqui~iiiar..
<br />o. I'testn~atian aqd Aialateaance of Property: Leaseholds; Coitdominluws: Ptanired t nit I}eveloauients. Ban~awct
<br />shall kttp the Progeny is goad repair and shall not comma wash ar permit ,mpaumrat ar dettriarauan at the. Propem
<br />and shelf comply with the provisiaas o: any Itast if this Martgage is an a lustho!d. 17 this Afargage is on :; unit u, a
<br />condominium or a planned unit development, $orrawtr shat: ptrfarm all of Borrower's obltgauons under the declarauan
<br />or covtaaats creatipg ar gavtrnmg the condominium or planned umi development, the by-laws and reguiauom of the
<br />carvfominittat or planned unit dcvelopnunt, and rnnstitutnt documents. It a condominium or planned unit development
<br />ndt€ is extcUFed by $OrrOwet end recorded together with this Ai ar[guge, the t:ovenaats and agrttnatnis of such rider
<br />shall bt incorparattsd into and Shall atnend and supplemtm the cavtnants and agrccments of this Mortgage as :f the rider
<br />were a pan hettof.
<br />°. Pr~teetioa of I.errdar's Secutiry. If Borrower fails is pertarm the cavtnants and agrttments contained .r, ttus
<br />Martgage ct B nay. aciiar, er proctcrling es commtnccd which atattrialiv zittces Linder s interest in the Progeny.
<br />-.+:~trdirg, but pat lintiltd ta, tmintnt domain, ittsolvenc}, code enlnrceateat, or arrangements or pruc:tedings invciv:ng .,
<br />nankrupt at dtccdtat, :her. I.endtt at Landti s option, open notice t:., Borrowtr, ma} make such appearance+. disburse su.h
<br />satyrs attd take tact aceian as is atxtssar}' u. protect Lender's imtrest. including. but not Lm,ted tc,. +iisbursemen: ,
<br />rc,r+~nabic a%tzufiiey•s icc€ aad enft-y upor. the ;'=rvpcfi}- to rnaie rcpatrs. !t iendet req iu: e mue.gagr tn:,ur a:,.e a ..
<br />crsa+~ e,! ma4:=s z#r2• fo~n ?iretl by xh;x Mungage, Berrewtr sn-aI! pa, Ihn prvx.tau•rza. t^~c;~iue- - ;ux_u~ .-
<br />n~?r._.._. - __ ?ltect antd s ._?+ ti!us as tits. rsgti ctntat lot sash to±~urana to tnina_ _ ,.. _ v... Jai _.. -. .. Bc.:.ou':. , ~_
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