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UNIFOaM CovEn xtvTS. Borrower and Leader covenant acrd agree as follows:
<br />i. Payment of Princ}pa1 and tmerest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment sad late charges as provided in the Note, and the principal of sad :iatetest
<br />.~ on any Future Advances secured by this Mortgage.
<br />M S. Farads far Tales and Ineat~ce. Subjett to applicable law or to a written waiver by L»nder, Borrower sltaB pay
<br />~,,,) to Lent)rr on the day monthly installments of principal and interest aze payable under the Note, until the Note is paid in foil,
<br />.,a a sum (herein "Funds') equal to one-twe}fth of the yearly taxes and asxssments which may attain priority aver this
<br />~ Mortgage, and ground rents on the Propety, if any, plus one-tweift6 of yearly premium installments for hazard inavraxe,
<br />G plus otte-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initialty and from
<br />dine to lime by Lender on the basis of assessmwts and bills and reasonable atima[es thereof.
<br />The Funds shall be held is an institution the deposiu or accounts of which are insuud or guaranteed by a Federal or
<br />O state agency iincluding finder if Lender is such an insdmtian). Lender shalt apply the Funds to pay said taxes, assessrtcents,
<br />insurance premiums and ground root. 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 applicable law
<br />permits Tinder to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mottgage 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, Leader shall not be required to pay Borrower any !merest or earnings on [ire Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Fvrads and the
<br />(SUrpose 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 />ff the amount of the Funds held by Lender, together with :he 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 fall due, such excess shalF be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Futtds
<br />held by Lender shag not be sufficient to pay razes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shad pay to Leader any amount necessaq~ to make up the deficiency within 30 days from the date notice is mailed
<br />by Tinder to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />head by Lender If under paragraph I S 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 Lender, any Funds held by
<br />Lender at the rims of application as a credit against the sums secured by this Mortgage.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under pazagraph 2 hereof, then to interest payable on the Note, then w the principal of the No[e, and then to interest and
<br />principal un any Future Advances.
<br />4. Charges; Liens. Borrower shall pay ail taxes, assessments sad other charges. fines and rmpositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shat! promptly (utmtsh m Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrower shalt promptly discharge any Tien which has pnonty over this Mortgage; provided, that Borrower shall not be
<br />required to discharge any such lien w long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith connst such lien by, or defend enforcement of such lien in,
<br />legal p:accedings which operate to prevent the enforcement of :hc hen nr forfeiture of ±he Property or any part thereof.
<br />5. hazard Instrrance. Borrower shall keep the improvements now existing itr hereafter ercued nn the Property insured
<br />againc: loss by fire, hazards included within the term 'e<tendrd coverage'". and such other hazards as Lender may require
<br />sad ir. such amounts ar..^, for such periods a; fender may regnirc; provided, that Lander shall not require that the amount cf
<br />such coverage exceed [hat amount of coverage requued to pay the cams secured by this Mortgag».
<br />The insurance earner providing the insurance shall he chosen by Borrower subject tc approval by Lender: provided,
<br />that such approval shall not be unreasunabty withheld. All premmms on insurance policies .hall be paid m the manner
<br />provided under paragraph 2 hereof or, tf not paid in such manner, by Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />All insurance policies and renew xis th»reot shall b» m font acceptable to Lender rind shall include ., smndard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender >hall have the right u, hold the policies rind rcnc vats thereot,
<br />and Borrower shall promptly furnish to Lender all renewal noUCes and all roc»tpts of paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to the insurance earner and lender. I_endcr may make proof of loss it not made promptly
<br />6y Borrower.
<br />Unless Lender and Borrower otherwise agree m wnung, mwruxe proceeds shall be applied to res!uration or repair of
<br />the Property damaged, provided such restorauun iv repair a economically teastble and the ,e vrity of this htartgage is
<br />not thereby impaired. If such restorauun ur repair is rot ewnumicaly~ teastble nr tt the security oC this Mortgage would
<br />be impaired, the insurance prac:eeds shall are applied to the sums secured i,y this Mortgage. w'uh the excess, if any, paid
<br />to Borrower. If the Propern~ is abandoned by Borrower. ,+r n Borrower tads to respond to Lender wuhm 30 days tram the
<br />date notice is ensiled b}' Leader to Borrower that the msuranc» garner Driers m scale a claret fur uuurance benefits, lender
<br />is auWonzed to collect and apply the msurence proceeds at Lcnder~~ npuun ether m restorauou or r»pair of th» Property
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower ntherwtse agree m venting, any ,uch application of pme»eds m pnnnp:d .hall not extend
<br />or postpone the due date of the monthly installments r»tcrred to m paragraphs I and '_ herein nr change the amount rat
<br />such installments. If under paragraph I8 hereof the Property is acyuu»d M Lender, all right, title and uurrest rat Harrower
<br />in and to any insurance poiictes and in and to the proceeds thereot resulting from damage to the 1'ropert} pnur to the sale
<br />or a:egvtsition ahaB pass to Lend-er to the extern o[ the sums secured by this Morgage muuedtateiv pnur ro •uch sale or
<br />aequisnion,
<br />6. Preservation anti M1iainfenanre of Property; Leaseholds; Condominiums; Planned Unit Ueveluptnents. Morrow er
<br />shall keep the Property is gaud repair and shall not commit waste or permit hnpmrmem or demrivraumt of the Pruperq~
<br />sad shall comply with the provisions of any (ease if this Mortgage is un a leasehold. If thu Mortgage i. unn m ..
<br />condominum or a planned unit deveWpment, Borrower shall perform all of Borrowers nbhgauons under the dtt~huawm
<br />ar covenants creating or governing the condominium or planned unit development, the by-laws :ntd regulations ~. she
<br />condominiun or planned unit development, and constituent documents. I(u condominium ur pltntned amt ,ievclat~n~cm
<br />rider is executed 6y Borrower and recorded together with this Dortgage, the wvenants rind ugmemeuts of .uch rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage .a it the rider
<br />were a part hereof.
<br />'/. Protection of Leaders Security. If Borrower fails to perform the covenants and agreements cuntauted m Ihts
<br />Morroag», a: if any action or proceeding w commenced which materially atTects Lender's intereu in the Property.
<br />including, but ant limited to, eminent domain, insolvency, code enforcement, or an~angentents ar proceedings urvohang ,+
<br />bankrupt or decedent, then i_ender at Lender's option, upon notice to Borrower, may make such appearances. dahurse such
<br />stints aid take such action as is neressary to protect Lender's interest, including, but not limited to, disbursement rat
<br />reasonable attorney's fees and entry upon the Property to make repairs. !f Lender required mortgage insurance :,.
<br />eand!tien of making the !can secusd by this Mortgage, Borrower shall pay the premiums ,-egatrr:tl to maintain such
<br />ices+arare» in »fir~t until such tLm» as the reyuirem~at for such insuranc» terminates ~n accordauu wish Borrower's uuei
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