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<br />Ut+vronat CoveNnts'is. Borrower and Lentkr covenant arm agree n folfmis:
<br />f. Payment of Ptrl ~ Iatert#. Borrower shag Pr~PUY Pay when dtte the prmdpal of attd inkre€t ou the
<br />itt~btulnesa evidenced by the Note, prepnytnent and )ate charges as provitkd in itte Note, and the prit~pa! of and infant
<br />on say Fmure Advances seethed by this Mortgagt_
<br />Z. Fans for Taus tad ineneaaee. Subject to applicable !aw or to a written waiver bg itntkr, Btxmwtr shag pay
<br />to Lender on the day rnonthlq ittstaBments of prituipai and interest are payable utttkr the Nth, omit the Note k paid in~fvB,.
<br />a sum (herein "Funds") equal to out-twelfth of the yeatlg taxes and asst~ettts which maY attaie priority over this
<br />Mortgage, utd ground rents on the Property, if any, plus Otte-twelfdt of yearly premium itrstaBarents far hard innaaarx,
<br />plus one-twelfth tat yearly premium iastalbntnffi for mortgage irtwrsrrce, ii any, a8 as reuonabty estimated initially ata: front
<br />time tc Utrte by Lender oo the basis of assLSaments acrd bills and reawnabk estimates thereof.
<br />The Funds shalt be held in an institution the deposits or accounts of which are ittsttted or gttamnteed by a Ftsderai ter
<br />state agency !including Ltnder if Lender is such an imtittnion). Lender shall apply the Fttttds to pay said tarts, asaesetneots.
<br />insurance premiums artd ground rents. Leader may not charge for so holding and appfyrng the Fuada, analyzing said acwunt,
<br />or verifying and compiling said assessments and bills, uo;w Lender pays Borrower in[ertst on ibe Funds and applicabia law
<br />pei:rtits Lender to make such a charge. Borrowtt and Leatfer may agree in writing at the rime of execcitioo of this-
<br />Mor[gagt that interest on the Funds shall be paid to Borrower, attd unless s»rk agtxement is made or applieabk law
<br />requires such interest to bt paid, Lender shalt not be required to pay Borrowtt any inkrat ru earnings on the Ftettds. I-ostler
<br />sha71 gave to Borrower, without charge. an annual accounting of the Fumh showing aetiita amt debits to the Funds and the
<br />purpose for which lath debit to the Funds was mark. The Funds are pleeigt'd as atlditiottal security for flit sums aetu[ed
<br />by this Mortgage.
<br />if the amo•.mt of the Funds htld by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessma-t'.s. insurance premiums and ground rents, shall exceed tbt amount required to pay said tarn,
<br />~--ors. insuranct prmiums and ground rents as-they fall due, such excrss shall bt, at Rnrrowers option, either
<br />prompUp repaid to Borrowtr or credited to Borrower on monthly installments of Funds. if the amount of the Foods
<br />held 6y Lender shall not be stt6tcieat to pay taxes, assessments, insurance pttmiums and ground rents u they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by lender to Borrower requaung payment thereof.
<br />Upon payment in fuL' of all earns secured by this Mortgage, (.ruder shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph lg hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall epply, no later than immediately prior to the Bait o€ the Properly or its acquisition by Lender, any Funds held by
<br />Lender at :he time of application as a credit against the sums secured by this Mortgage.
<br />3. App6ntion of Pay®ems Unless applicahle law provides otherwise. ail paymtnts rtctived by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall he app[ed by Linder first in payment of amounts payable to Lender by Borrower
<br />under paragraph ?hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />priaeipal on any Future Advances.
<br />b. Charges; Liens Borrower .chill pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, sad leasehold payments or ground rents. if any, in the mantrer
<br />provided under paragraph 2 hereof or, if not paid in such manntr, by Borrower making payment, when dot, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall sake paymrnt directly. Burrower shaft promptly fumuh to Lender receipts evidencing such paymtns.
<br />Bar=tr~;er shall promptly diseha: ge any lien which has priority over this Alungage; provided. that Borrower shalt not .`~-
<br />required to discharge soy such lien so tong as Burrower shall agree in writing io flit payment of the ubhgatian scoured by
<br />such lies in a manner acceptable to Lender, or shat( in good faith contest such lien hy, or defend enforcement of such !ion in,
<br />legal prec°tdings which operate to prey*_nt the rnfc+rctmcnt of the litu a+r fxfetturt of the Fropertc nr any pan thereof.
<br />5. i$arfrd tmartwxe. Butrowrr shag ktep the improvements new existing or hereafttr erected tin the Property insured
<br />against i~ x F,y fire, hoards includes within the term --extended covcragi ~, and ouch other hazards as Lender r„a rryu:re
<br />and in such amounts and for such pcritxis as i.tndcr may :eyuirc; provided. that Linder shall not regwre that the amount of
<br />such c verge =_sceed that amount overage required to pap fhr sums ,..cured ny ;his 'fortgaxr.
<br />The t-~r4-An£t carrier pmvutirrg the iasuraact shall .'_x chosen by Burruwtr subltct to approva{ by Ltnder, provided.
<br />that such approval shall not be unreasonably withheld. Ail premiums on insurance policies shall he paid in the manner
<br />provided under paragraph 2 hereof ur, d nut part in such manner, by Borrower mekmg payment. when duo dtreutiy ro the
<br />insurance carrier.
<br />RR insurance pofrcits and renewals thertut shall fx in form acceptabi to lender and shall include ~ swndard mongagc
<br />clause m favor of and in form a::ctpinble to Ltndtr. (.ender shall have fhr right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to l.endtt all renewal musts and all recerpu of paed prcnuum+. In the event of loss.
<br />Borrower shall give prompt notice « r the irurance earner acrd Lettaitr. Lender ma} make purr of loss tt not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower ~+e}terwisc agree in wruing, insurance pruoeedx shwa be applied to restoration or repair of
<br />[he Property damaged, provided such restorebon ur repair rs rconomically icax+bie and the security of this 4tortgagc n
<br />not thereby impotent. If such restoration ur repair is not ecunamieally lraahle nr a the security of this Mortgage would
<br />fie impatrtd, the insurance pra.eeds shall be applied ro the stuns secured by this Mnngage with the excess, if any, pa+J
<br />to borrower. if the Pruptrto is abandoned by Borrower, or it Burrower tads to respond to tender within 30 days from the
<br />dace notice is mailsxi by tinder to Borrower that the insurmar airier otitis w scale .~ ciaun fur ursurancr henehts, Lender
<br />is authorized ro collect and apply the insurance proceeds at Lender's opunn tither to restoration nr repair of the Property
<br />or to flit sums secured by this Mortgage.
<br />Unless Ltnder a~ Borrower othet-wrsr agree in wruing. any such application +si pr reeds to prinurpal shall cwt ritrnd
<br />M postpone flit due date n€ the monthly installments referred co m paragraphs 1 anJ heron( ur change the emowu nl
<br />such installments. If under paragraph IB hereof the Proptriy n acquired by Lender, al! right, title and interest of Borroucr
<br />in and to say insurance policies and in and to the proceeds thereof rtsulung from damage to the Yreperty prior to the acne
<br />or acquisition shall pass to l.endtr to the extent of the sums secured by ilia Mortgage unnredialrly nnur n+ +ueh -.,.a .a
<br />acquisition.
<br />6. Pressrxatian and Atanatettaaee at Propene; l.eacehotds; f'ottdaminiumx: Ptnaned Urtii Urn etuptarnts. Rcriowe~
<br />shat! keep tbt Property in good repair and shag not wntmit caste er ptrnut impairment or detenorauua of the Pnpeny
<br />and shall etxrtp#y with the provisions o€ anv least tt [his Mortgage is on a leasehold. If thu hturtgagr i+ +m •+ :pmt u a
<br />wndomiuium ur a planned unit development, 8orruwer shall perform all of Borrower's obhgauons under fhr decl.+r.+r.+ni
<br />or cove.-rants creating or guvernmg the eundomrmum or plaotud amt development, the by-(awe and rcgulano~u of fhr
<br />condominium or planned unit development, and constirrent docuntcnts. If a condominium a+r planned +nw des e;opmcnt
<br />rndtr rs ex+xWed by Burrower and recorded mgcthet with thee Mortgage, the .oveoaots and agrcrnunts of +ueh rider
<br />shag fie irworpotattd into sad shun amend and aupplc[nent the covenants and agreements of this .Llorigagc as ~i fhr ndct
<br />wire a part hereof.
<br />7. Psottttien of i.CtrdeCS 5etutily. It Bunowet tads to pertorm the cuvcoanb end agreements cont:uned in this
<br />Modgagt, or if arty action or prucetding is commons=r<i which materiaal atfeu+ t.ender~s +rtcrest in the P~oprrt}.
<br />iruluding. but hex limueef to, eminent domain. nrsuhenc}. e+de enforcrmrnt, or arraugrmcuts or prsueedings ;nvuh mg ,r
<br />bankrupt at dtettkrti, then Leudtr of l.r-wlti s upuon, upon notice t.? Borrau r, m,ts make such appeatansrs, slr+Yrursc .u.h
<br />sums and taka such activa as is necessary «* protect lenders ;ntrrcxt, ic.iuu.ng, lint not imuted to, d+abursrntrnt .~t
<br />rtasonabie attatntyi fees and entry upon the Proptny to tnakt repair+' If I:cndtr rcyusced mortgage unurance v. ,~
<br />c[u[dnton tit making the loan secured hY this Martga_gt. Ruriou er shaft pa} the pcmmmrrs regrved :. iuaintmn ouch
<br />ittsttr::rne i9 cress unUi suc/x tiros as ts`rc rs,yvirsrnt. i for Y ..,Y~t .~, .,.,,r~.~. L.4a,.,... .,.,,s Bv, ... s...., a;:a
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