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<br />-- UNIFORM Cov n Borrower and LenCer covenant and agree as fo0aws:
<br />1. Poyment of Principal and Interest. Borrower shad prgntplly pav .vhcn ;Inc tlu ,nrincrys:d of"and interest on the
<br />indebmdntss evidenced by the Note, prepayment and fate charges as pror,Jtd m the Note, and the principal of and interest
<br />an any Future Advances secureC by this Mortgage.
<br />2. Funds for Tazes and Iasunnce. Suhject to applicable law or to a woolen waiver by Lender, IIorrowcr shall pay
<br />to I,cnder on the day monthly instalimtnts of principal and intcrest arc payable andcr the Notc, until [hc Note is paid in full,
<br />a seirn (herein "Funds°) eyuai to one•twelfth gf the yearly taxes and aseescmtnL which may attain priority over this
<br />- Mortgage, and ground rents on the Property, if any, phrs rne-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium innallments (or mrrtgage insurance, iF any, ail as reasonably estimated initially and from
<br />time m time by Lendtt on the basis of assessments and bills and reasonable esimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insureA or guaranteed by a Federal or
<br />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. {.ender may not charge for so halding and applying the Funds, analyzing said account,
<br />or verifying and competing said assessments and bills, unless Lender pays l3nrrower interest an the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />- Mortgage the[ intcrest 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 Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower without charge, an annual accounting of the Funds showing credits rind debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Ponds arc pledge) as additional sccurty Cor the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held 6y Lendeq together with the future monthly instalimtnts 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 [hey fail due, such excess shalt be, at borrower's option, tither
<br />promptly repaid to Borrower or credited to Borrower. on monthly installments of Ponds. If the amount of the Funds
<br />held- 6y Lender shalt not be sufficient to pay [axes, assessments, insurance premiums and ground rents as they fall due,
<br />- Borrower shaft 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 requesting payment thereof.
<br />- Upon payment in full of nil sums secured by this Mortgage, Lender shall promptly rcfunef ut Borrmver ring Funds
<br />held by LcnJer. I! andcr paragcaph IS herco! the Property is sold nr the I'ropeny is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior w the sate cf the Property or its acquisition h}• ~L.cnder, any Funds held by
<br />Lender at the time of application as a credit against the sums securtJ by this ht ortgage.
<br />3. Application oC Payments. Unless applicable law prov,Jcs othrnvivc. alt payments receive) by Lender under the
<br />Note-and paragraphs 1 and ?hereof shad be applied by Lender first in paymcm of amounts payable !o Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nolc, thin in the principal of the Nnlc, anJ then to interest and
<br />principal on any Future Advancts.
<br />4. Charges; Liens- Borrower shall pay a(i taxes, acsesvnrnts and odxr charecs, fines ;md nnpmitians attributable to
<br />the Property which may attain a priority aver this htongage, and Irasdudd payments or ground :cots, if any, in the manner
<br />provided under paragraph 2 hereof or. i( not pail in such manner, he Bnrn,•~,n making payment, when due, dircclly to the
<br />payee thereof. Borrower shall promptly furnish to Lender a!I ponces of anu,un!s due andcr this paragraph, and in the event
<br />Borro,er shalt make payment dircclly, Borrower shall promptly lurnnh In Len Jer rcce:pls ccidenang such payments.
<br />Borrower shall promptly discharge any Iicn which has pr urt}• of r Ihis Mo:Iga:, prrnuird. !hat Bnrrnwcr shall not be
<br />regwred to Jucharge any such lien So Long a£ Bgrrower shall agrce in .,':!:n';; .o Ihr ha u:rut of ;hc :laiigation seuured b}'
<br />itch Iicn in a manner acceptable to Lender, or shall in good faith comes! a,:h 6rn h}', ur delend cniorcrmrnt of such lien in.
<br />Icgal proceedings which operate m prevent the enforcement of the hen .n' furlcnure t,f the t'ropcuy or any part Ihcrcof.
<br />5. Hazazd dtsuranec. Barra:vcr st:aB keep the .mprovcmcnn now c. ntmp „r hcrcahcr c:canl on the Pmpcny insure)
<br />against loss by fire, hazards included within der term "ryttndeJ usva rrge~~, .uul such a!t!er hazards a: Lender u:ay require
<br />and in such amounts and !or such ptt:ads a i.eaJer r.:ay require, p,midcJ, that Lender ,hat rive rcywrc Lilat the amount of
<br />such coverage axtccd that amount of cuvtrag< rcyuircJ In pay the unn, ,r;.u cd be :h,s Monl;aec.
<br />l ht insurance carrier providing the ins:uan - hail be ~ - o. to by it r ~ ui jt t i- ~ !.I - r by I-code ; pro<rdeu,
<br />that surf: approval shalt not bt unre -.anabl}' ,+'i h1 (J. Ail pr n , , ,, rcc r ,lace sl.- Jl he paid -n the m:utncr
<br />provided andcr paragraph 2 hereof or, d not pall In such manner, by ~llon„~.t rr making paynrent, when Juc, directly to tits
<br />insurance carrier.
<br />AI! insurance policies and reneu:Js lherml shall tse in form ar~epL,hlr to I rndrl and sh:Jl n;ciuJe ;, standard mnngage
<br />clause m favor of and in form acecplahie to LtnJrr. LenJrr shall have !hr right to hold Ihr polio les end Ienca:ds thcrcol,
<br />attJ Borrower shall promptly furnish tg Lender all renr,s al noucez anJ all reccip!s of paid prenuunn. In the event of lass,
<br />Burroteer shall give prompt nonce m the insurance cdrnel :uul Isnder. I aulrl may make priori of ;oas d not rm;Jr promptly
<br />6y Borrower.
<br />Unless Lender and Borrower othenvlse agree m e~nung, iusuruuc pr ricer). ah;Jl he apphcd w rcvoratimt nr rep.lil of
<br />the Proptrty JamageJ, provide) such restoraugn or rcpau a rcunonuedly !uaiblr anJ ;hc srrunly of t!ns Mortgage ,.,
<br />not hereby impaued. if Such rtstoralion ar repair is not eeunomieaily Icaslhle or rl the ueurity of lh,c Mortgage ,Mould
<br />be impaired, the insurance procccJs shall he applied m the sums xrureJ 1»~ Ihis Mongagc. u:Ih Iht cucss, i! any, Laid
<br />to Borrower. If the Property is abandoned by Harrower, or d Borrower tail. to IcspouJ to LrnJar ,tabu: 3U day, (ram .ht
<br />date nalice is mailed by Lender to Borrower that the insur:mcc ctrl ter nik•n to uuic ;, dam inr unurusr benefits, Lender
<br />rs :m0umzcJ !o collect and apply the insurance procccJs at LcnJtr'a option other to rc,t~ee!um nr ,q,air o! the l'mpcrt}
<br />gr to the sums ucured 6y this Mortgage.
<br />Unless Lender and Borrower ulhenvise agree u1 wrung, any such uppbcation of pn•ecnls W pnncip.J shad! not rctend
<br />gr postpmlc the due dale a! the ntcnnhl)' insfalhnrms wlrrred w w paragraph, I .,rid_ I;cu':d or chnngr !i,c :unount ei
<br />such installntenls. IC under pa[agfaph 18 i,ereo[ the Prolwuy is au{uurd hs Lender, rill ngh1, mlc ;uu1 inlet es: of Ik,rrtwcr
<br />mind to any inwranct policies and in anJ to the procccJs Ihcrcot ,csulnng Lom J:uuagc to the ProPrrq Pnnr lu the nett
<br />or acquisition shall pass to Lender to the extent of the sums securtJ b} Ihn \L.: tgagc ,nnned,attl} pout to such s:Jc or
<br />scyuisnign.
<br />G. Prestcvatign and 1lainltnance of Pruperf}~; Ltasehuhls; Cnndomiuiuurv; 1'lanutd knit ih•, clnpwrnn. Ik,r rower
<br />shalt keep the Proptrty in good repair and shall oat commit waste or penn^ unpau ntenl nr Jetrrionwon of the 1'ropeny
<br />and shall comply with the provisions of any lease iC this Mnrtgogr :s on :! Ir:ochnld. I! tl,n Muitgaga It ,m ,: unit a ..
<br />condominwm or a planned unit devrlopmtnt, IIon~ower shall pcrlunn alt of Itorrot,cl's r,biigauone unJrr the de. lnlsunu
<br />or eavenants creating or governing the condominium or planned r nil development, 6te by-hewn anJ tags F.rtwn, of th-
<br />eandominium or planned unit development, and constiurent docunlentc. If a condominium nr planned mat development
<br />-rider L executed by Bgrrower and recorded together wtth this Mongagc, the arvenants anJ agwemrnts of sa!ch nJce
<br />shalt be mcnrporattJ into and shag amend and supptcmem the covenants :ntJ agreements ul Ihn Mortgage as Ii dtc rider
<br />Mart a part htrcaf.
<br />7. Protettign of Lender's SecuritY• F( Bgrrower talk Iu perlnnn ihr covenants :md ugrecmenls contained in this
<br />Mangage, w if anY action w' procctding is commenced which materially al7ccts Ln¢Ic!'s intcrcst in the Property,
<br />.including, but not limited to, eminent dgmain, insolvency, code enforcement, nr nrnngementc nr proceedings invgh~mg .!
<br />bankrupt or deceden6 then Lender tit Leader's option; upon nauce to Born war, may make such appearances, Juhutsz xrdt
<br />sums and takt such action as is necessary to protect Lendtis inwnsL including, but not IinuteJ ln, dis6urscntem of
<br />reasonable aUOmey's fees and entry upon the Prupcny to make repaus, If Lender rap!ircJ rntttgage insw ante as .t
<br />canditign of makin6 the loan secured by this Mortgage, Borrower sh:Jl pa} the pmmiwus requirod to mainteh; .each
<br />insurance in tBect anti} such time as the requirement far such ~nsw ante irrn;inatcz in e~,ordz nyc .vilh iiormwcr•s and
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