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<br />UNIFORM CovENnN7s. Borrower and Lender coven:mt and agree as foAnws:
<br />1. Payment of Prlnclpal weld Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and !ate charges as provided in the Note, and theprincipal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Tazrs and Insurance. Subject io applicable law• or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installmenU of principal and interest are payable under the Note, until [he Note is paid in full,
<br />a aunt (herein "Fends") equal to one-twelfth of the yearly roves and assessments which may attain priority over this
<br />Mortgage, and ground rents en the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus ene-twelfth of yearly premium installments for mortgage insurance. i( any, ail 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 shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency fincluding Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender ma}' nut charge for so holding and applying the Funds, analyzing said account,
<br />of verifying and compiling said assessments and bills, unless i_ender pats Borrower interest on the Funds and applicable taw
<br />permits Lender to make such a charge, borrower and Lender may agree in writing ai the time of execution 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 Aorrnwer any interest or earnings on the Funds. Lender
<br />steal! give to Borrower, without charge, an annual accoun=.ing 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 ns additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of [he Funds held 6y Lender, together +vith the future monthly installments of -Funds payable prior to
<br />the due dates of fazes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such tscess shall be, ai Borrower's option, either
<br />promptly repaid to Harrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary m make up the deficiency within 3O days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage, tender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereof the Property is sold rn' the Property is othcnvise acquired by Lender, Lender
<br />shalt apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held 6y
<br />Lender at the time of application as a credit against the sums secured by [his Mortgage.
<br />3. Application of Payments. Unless applicable law provides othcnvise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by f_endcr first in payment of :unot:nts payable to Lander by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nore, 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 nr graund rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Aorrnwer making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts Jue under this paragraph, and in the event
<br />Aorrower shall make payment directly, Borrower shall pn?mpily ntmish to Lender receipts evidencing such payments.
<br />Aorrower shall promptly discharge an}' lien which has pcwnty o+er this Mortg,[ae: provided, that Aorrower shall not be
<br />required to discharge any such lien so Fong as Aorrower shall agree in wrung to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith center; such lien hy, or defend enforcement of such lien ur,
<br />regal proceedings which operate to prevent the tnf orcemtnt of the 6cn or fort ei:ure of iht Property or any part thereof.
<br />5. Hazard Insuranre. Aorrower shall keep the improvements ^m+ cvaung or hereafter erected on the Property insurod
<br />against loss by fire, hazards included within the term "cuended nn-~raec", rind ua'h other hazards as Lender may require
<br />rind in such amounts and fee such periods as Lender may require: pra+ided, chat Lender ,hall not require that the amount of
<br />such zoverage txeeed that amount of coverage required rn nay the +tnns sc.urcti by this ~torteage.
<br />The insurance carrier providing the insurance sh;dl he cL-osen by Borrrnvcr subject to approval h}' Gender, provided,
<br />that such appro:•a! shat! not be u;trensanably w•ithhtld. A!1 premium, on nsurmce I?olieres ,hail he paid in the manner
<br />provided under paragraph ~ hereof ur, if not paid in such manner, by Aorrower making iiaynrent, when due, directly to the
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to f_endcr and shall u[cluJe a su[rdarJ mortgage
<br />clause in favor of and m form acceptable ro Lender. Lender ,hall have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish in Lender all renewal nouccs and all receipts of paid premuuns. In the event of loss,
<br />Aorrower shall give prompt notice to the insurance carrier and Lender. Lender may n?akc praol of loss d nut made pranpdy
<br />by Borrower.
<br />Unless Lender and Aorrower othcnvise agree in wnnng, insurance proceeds sh:dl he applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is eeonomirully Ieasihlc and the scanin~ of this Morgage is
<br />not thereby impaired. If such restoration or repair is rot economically IcisiMe or if the securev of thu Mortgage would
<br />be impaired. [he insurance proceeds shall be applied w the sums secure) h} this Mortgage, w;th the excess. if any, pail
<br />to Borrower. I( the Propert}' is abandoned by Aorrower, or it Borrower lads to respond r? I_cnJcr within 30 days from the
<br />date notice is mailed by Lender to Aorrower that the insurance carrier otters to stole a claim for unurancc henelits, Ltndtr
<br />is authorized to collect and apply' the insurance proceeds at Lender's ophan tither to restoration or repair of the Property
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower othcnvise agree in writing, an} welt applicator of proceeds to prncipal shall not a~tend
<br />or postpone the due date of the monthly installments re[enec( n? iu paragr;q?irs I ,uu! '_ hereof ur change the amount of
<br />such installments. If under paragraph t 6 hereof the Property is acyuucd by Lender, al! nght, ri[Ic and interest of Borrower
<br />in and to any insurance policies and in rind to the proceeds thereof resulting Iron damage to iht Properly poor to the side
<br />or acquisition shell pass to Lender to the extent of the awns secure) h} this Morteage :mmedi:neiy prior to such salt or
<br />acquisition.
<br />6. Presen•alion and ;Maintenance of Property; Leaseholds; i'nndominiunis; 1'I:uurcd Unit Ucvclopmeats. Borrower
<br />shall keep the Property in good repair and shall not commit waste or permit unpairmcm or Jtttrior:unxi of the Property
<br />:ind shall canply with the provisions o2 any lease i( this ASortgagt is nn a Ic:uchold. IF this .'+lougage is on a urn u+ .I
<br />condominium or a planned unit development, Aorrower shad! ptriorm :dl of Aorn+wer's obhgaoons under the dtclarmon
<br />or covenants creating or governing the condominium or planned unit dcvclopmcnt, the by-laws and regulations of the
<br />condominium or planned unit development, :+nd constituent doaunents. II a condominium or planned unit Jevclopnrent
<br />rider is executed by~ AOrIOWCC and re. riled together wuh This Mortgage, the covenants anJ agreements nt sorb rider
<br />shall be incorporated into and shall amend and supplement the co vtn:mis :met agrecntents of the Nl ortgage as ii the rider
<br />wire a part hereof.
<br />7. Protection of Lender's Security. If Borrower fails !o perform the covenants and agreements contained in the
<br />Mortgage, or i[ any action or proceeding is commenced which mattriall> affects Lender's interest in the Propery.
<br />including, but not limited to, eminent domain, insolvency, code tnforcetnent, or arrangements or proceedings involving a
<br />•bankrupt or decedent, then Lender at Lender's option, upmt notice ro Rorrnwtr, may make such appcaru[ces, disburse such
<br />sums and take such action as is necessazy to protect Lender's interest. including, but oat IimhcJ w, disbursement of
<br />reasonable attorney's fees and entry upon the Properly to make repairs. If f:;nJcr required mortgage insurance as a
<br />condition of making the loan secured by this Mortgage, Borrower shall prey the premiums required w maintain such
<br />insurance in effect unfit such time as the requirement for such insurance rerminnres in accordance with Aorrowet's and
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