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$0--004631
<br />UNIFORM CovExnxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment aad late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Fonds For Tazes and Iosorance. Subject to applicable law or to a written waiver by Lender, Bortower shalt pay
<br />to Lender on the day moothly installments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a stem (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonabty estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Fuads shall be held in an institution the deposits or accounts of which are insured or gttaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and grour_d rents. Lender may not charge for so holding and applying the Furrds. analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest cn the Funds and apptiarble law
<br />permiie Lender to make such a charge. Borrower and Lender may agree in writing at 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 Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting 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 arc pledged as additional security (or the sums seivred
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessmeats, insurance premiums and ground rents, shalt exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such ezcess shall 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 Furtds
<br />held by Lender shall not be strfficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pa}• to Lender any amount necessary to make up the deficiency within 30 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. 1_ender shall promptty refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shalt apply, no later than immediately prior to the sale of the Property or its acquisition by I-ender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Mortgage.
<br />3. AppBcation 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 Z hereof, rhea to interest payable nn the Noce, then m 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 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 shall promptly furnish to Lender all notices of amounts due tinder this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower shall promptly famish to Lender receipts evidencing such payments.
<br />Borrew•er shall promptly Discharge any lien which has priority over this Mortgage: provided, that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of tha obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien iq
<br />legal proceedings which operate to prevent the enforcement of the hen or forfeiture of the Property or any part thereof.
<br />5. Hazard losurance. Borrower shall keep the ~mprovemenn now existing or hereafter erected nn the Property insured
<br />against loss by fire, hazards included within the term "extendeD coverage". and such other hazards as Lender may regwre
<br />and in such amounts and for such periods as Lender may require; provtdal, that Lender shall not reyuire that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums seaaeD by this Mortgage.
<br />"Ihe insurance carrier providing the insurance shall he chosen by Borrower subject to approval by Lender, provided.
<br />that such approval shall no[ be unreasonxbly withheld. All premiums on insurance policies shall he paid m the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Aorrower making payment, when due, directly to the
<br />insurance cazrier.
<br />All insurance policies and renewals [hereof shall he in form acceptable to Confer :mJ shall include a sumdard mortgage
<br />clause in favor of and in Form acceptable to [.ender Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly famish to Lender all renewal notices and alt receipts of paid premiums. ht the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier anJ Lender. l..endor may mxke pnx,l of loss d not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower nthetw~ise agree in wnting, inwrance proceeds shall be applied to rostorution or repair of
<br />the Property damaged, provided such reswrauan or repair is economically feasible mtD the security of this Mortgage u
<br />not thereby impaired. If such ,2smration nr repair is not economically feasible or it the security of this Mortgage would
<br />he impaired, the insurance prnceeDs shall be applieJ to the sums secured by this .Mortgage, with the ezcess, if any, pail
<br />to Borrower If the Property is abandoneJ by Borrower, or it Narrower Lrils to respond n, Lender withal 3U days from the
<br />date notice is mailed by Lender to Aorrower that the insurance carrier alien to settle a cLum firr nnoranee benefits, I cnJer
<br />is authonzed to collect and apply the insurance proceeds at 1.cuDer's option either rn resuxaunn or ropatr o[ the Properly
<br />or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in wnting, any such applicaion of procceJs to prmapal shall not estenD
<br />or postpone the due date of the monthl}• installments referred to in parngr;tphs 1 anJ 2 hereof or change the amount nt
<br />such installmenn. If under pamgra ph l8 hemaf the Property a acyuireJ by !.ender, ;DI right, title and interest o[ Borrower
<br />in aad to any insurance policies :urD in and its the proceeds thereat insulting from Damage to the Propen}' prior to the sale
<br />or ncyuisition shalt pass to fxader to the extern ut the Burns secured !ry thts Mortgage unnrediatel} poor r, such sale of
<br />acquisition.
<br />6. Yresewation and M1~laintenance of Property; heasehulds; Condominiums; Planned Unil Uevelopnrenls. Harrower
<br />shall keep the Property in good repair and shall not commit waste or permit mtpatrmeut or Jetcrioruion of the Property
<br />and shall comply with the provisions of any (case if [hts Mortgage i. on a leasehold. If this Mungage i. nn a unit in e
<br />condominiun or a planned unit Development, Borrower shall perform all of Aorrower's obligations unJcr the declxrution
<br />or covenants creating or governing the ttmDnmmium or planned unit Development, the by-laws and regulations of the
<br />condominium ar pinnned unit development, and constiaiem doeumcnu. 1(a conduminiun ur planned amt development
<br />oiler is executeD by Borrower and recorded « gather with the Mortgage, the coven:uus ;urD agreements o1 such oiler
<br />shall be incorporated into and shall amend anD supplement the co,~~nants anD agreements of this Mortgage as d the rifer
<br />were a part hereof.
<br />7. Protection of lxmter's Security. If Aorrower fails to perform the covenants anJ agreements contained m this
<br />Mortgsge, or if aay action or proceeding is commence) which materially ;dFcels Lender's interest in the Properly.
<br />including, but not limited to, eminent domain, insolvency, code enforcement, nr arrangenrcots or proceedings involving n
<br />bankrupt or decedent, then Lender at Lender's option, upon notice Io Aorrower, may make such apln;arances, Jtsbune such
<br />sums and take such action as is necessary to protect Lender's interest, mcluJing, bin not limited to, disbursemem of
<br />esasonable attorney's fats and entry upon the Property to make repairs. It Ixnder requireD mortgage insurance a
<br />condi4on of. making the loan secureD by this Mortgage, Borrower shrill pay the premiums requireD r., maintain such
<br />insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's nail
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