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<br />Ut+moaxr Covet+nNTS. Bortower and Lender covenant and agree as follows:
<br />1. Payment of Prfacipal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on aoy Future Advances se.:ured by this Mortgage.
<br />2. Etitnds for Ta><es artd Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly razes 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 mongage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency f including Lender if 1_ender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents, Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling sail assessments anJ bills, unless Lender pays Borrower interest on 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 that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable faw
<br />requira such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings nn 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 are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, wgethrr with the 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 [hey fall due, such excess shall be. at Borrower's option, ender
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Fund. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments. insurance prcmmms and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 Jays from the Jate notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Mongage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. [f under paragraph Ig hereof the Property is sMd or the Property a otherwise acgwred by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property ur its acgmsiuon by Lender, any Funds he1J by
<br />Lender at the nine of application as a credit against the sums secured by this Mortgage.
<br />J. Application of Payments. Unless applicable law proviJes otherwise, all payments reserved by Linder under the
<br />Note and paragraphs I and '_ hereof shall be applied by Lender first m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Naa and then to interest and
<br />principal on any Future Advances.
<br />4. Charxea: I3errs. Borrower shall pay all rases, assessments and other charges, fine+ anJ imposiuuns atlnbutahle to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents. if any. in the manner
<br />provide) under paragraph Z hereof or, If not paid m such manner by Burrower making payment, when due. Directly to the
<br />payee thereof. Borrower shall promptly famish to Lender all nooses of omounrs Jae under this paragraph, and in the evMt
<br />Borrower shall make payment directly- Borrower shall promptly furnish a+ Lender receipts evidencing such payments.
<br />Borrower shall promptly Discharge am ilrn which has pnonty over this Mortgage: provide). that Borrower ,hall not be
<br />rcywreJ to discharge any such lien ,a long as Borrower shall agree in wnnng to the payment of the obhgauon ,ecered by
<br />such hen m a manner acceptable to Lender, or shall in gaxxt tarih v±mest such hen hy, or Defend rnhxcemeat of such hen m.
<br />legal pnxrrdrngs which operate to prevent the enforcement of the lien or tortemirc of the Property or any pan thereof.
<br />5. Hatord lmatraaze. Borrower shall keep the rmprnvzmznts new rslning or uzn°attzr zrzctzd on thz Pr+,pt:rrr- :nsurzd
<br />against tins t,y fire, hazards included within flit term "estendeJ coverage". amt ,uah other hazards as [coder mess reymre
<br />and m such amounts and for such periods as !.ender may rryuire: pnsiJeJ, that LrnJer ,halt n.n reyrtrc flier the amount ..f
<br />such coverage exceed that amount of coverage rrymrrd u+ pay Ihr sums secured by thu Mungagr-
<br />"fie imurance corner providing the insurance shalt tee chosen by Borrower subjcet m approval by Lrndrr. prrn~rded.
<br />that such approval shall not be unrtuonably withheld. .qll prcmwms un insurance pnhcles ,hall he paiJ m the manner
<br />pronded under paragraph 2 hercol ur, d not paid in such manner. by Burrower making payment. when due, directly to the
<br />insurance earner.
<br />All insurance policies and renewals themol shall t>r m (arm ecreptablr to LenJrr and shall m 1uJr a ,tanahrrd mortgage
<br />clause m favor of and m form acceptable ro lxnder. Lender shall hove the right n+ hoW the policies and renew ah thereof.
<br />and Borrower shall promptly furnish to Lender all renewal nooses unJ all receipts of paiJ prenuum, In flit event at loss,
<br />Borrower shall grvr prompt mice m the msurancr earner anJ LrnJer. I"ender mess make proof of loss II nut muJr pmmpds
<br />by Burrower.
<br />Unless Lender and Borrower otherwise agree m wnbng, imurance pnxeeJs shall br applied ro restoration nr repair of
<br />the Prnpen} Damaged, prowrkd such restonuun or rrpuu is rzunomaally trasihlc ;rod the ,reunt} of this Mongage i,
<br />not thereby rmpured. tf such rcstorauon or rcpau is nut c xsnomicnlly trasihlc or rt the secunry of thn Mortgage wool)
<br />be impaired, the insurance proceeds shall be applied to the sums srcureJ by this Mongage. wnh the cvzc,x, d .my. paiD
<br />to Narrower Ir the Yropem Is ahandonrJ M &xn+we•. or n Burrower hull to reslunW to 1 coder wnhu+ lU Ja" from the
<br />date noose is aimlyd by lxnder u+ Harrower that Ihr uisuraun earner ullen to scale a faun for insurance henrfit,. Lender
<br />is authanzed to collect and apply the rosurance pniceeJs al Lender\ opunn either to reataratuei or rcpau of flit Pn+pern
<br />ar to the sums secured by this Mortgage.
<br />llMesv lxnder and Burnswr+ nthrrw ssr agree m wrung, any such application of prsxeeJs w prncipal ,hall raw exwnJ
<br />nr postpone the Diu Jatr rat the monthly installments rrlerreJ to m paragraph, I anJ 2 hereof or change the emaum of
<br />such installments. It under paragraph Ig hereof the Piperty is arywrrJ by Lender. ell nght, title and uuerest of Harrower
<br />in atxS to anv !usurassre ~Iist~ a+u: us anal te± the p iea:eeils (here:+t rrsulung from damage to Ihr Pru~rts r,*i to the sSr
<br />o syyutanwn shall F'+~ m lemter to the esmnt of the awns ,score+I bs this ~lorigagr uunmdlatrls poor a+~ ,urh >ule •.+I
<br />azyuiutn+a.
<br />i. Pe+raen atloe and Mairteaaart u( Property: I.eaaeMilds: <~oadomialuaw: Planned flail lkvepepmrnrs. Itsxrowrr
<br />shall keep the Propeny m gaud eepau and .halt not comma waste ur permit impairment ur JCteru>ratu>n of Ihr Property
<br />ate shall comply with the provtawns +>t an} Veasr J thn hL+ngagc ~, on .+ leasehold. If Ihr Mortgage n on a unlr w .~
<br />condominum or a planned amt devdapmcnl. Barn+wcr ,hall I+rrtonu all of &+r rowrr~s ,~hhgauons unJcl Ihr derlaranou
<br />or wvetiants creating ar governing the camk rmnwm or planned unn Jrvelnpnrcnt. the by-laws and regular n*nc of ihr
<br />condominium or planned unit drvelopmenh .utd ..omuuizni da+.vmem,- It oodonunium nr planned ~~nd des clapmau
<br />nder IS executed by Borrower and reaxJed together with Ihl+ Mortgage. the covenants anJ agreemenn of ...ch r+Jer
<br />shall b< incorpora[ed into and shall amend and supplement the uisenants anJ ugrcrments of Ihls Mongage ,i, .r ^iz ndcl
<br />wen a part hereof.
<br />7. Plrotediars of Lender's 5aetsrBy. if &sm+wer tats w perform the arvenams and agrermrnts conhiuuD m ihn
<br />Mortgage, ar i[ any actiai or proceeding i, commenced which materially attests Lender's uuwnst m the Pmprnv.
<br />iriClirding, but not limited t0. rmiium domun. insolvency, c+xle enforcement, ur arrangrmerts or proceedings ~moh~ing a
<br />bankrupt or decedent, then Lender at Leiuier's option, ulmn nonce rr Borrower, may make such appzaranres. dishurse ,urh
<br />summa azM3 take such actiau: as is nearossary to protect Lender's interest, including. liar oat IimueD ,.. .tisbursemrnt .+t
<br />reasonable attorney's fees anJ entry upon the Propery to make repairs. If Lc nder rryuireJ nn*ngagr ir.,urancr a,
<br />condition of making the loan secure) by this Mortgage, Borrower shall pay the premiums regmreJ n+ mamnun ,urh
<br />insurance iu effect until such time as the reyuirement for such rosurance terminates m azcordanee wnh Borrower'} anJ
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