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~0"° ui,4775
<br />UNIFORM Covexxn'rs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of PrfacipW 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 any Future Advances ucured by this Mortgage.
<br />2. Fonds for Taza and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to [.ender 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 ine•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 }•early premium installments for mortgage 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 he held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay saiddaxes, 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 said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />pe: mits Lender to make suoh a charge. Borrower and Lender may agree in writing at the time of executmn 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 Fee paid, Lender shall not 6e required ti 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 for the sums secured
<br />6y this Mortgage. - ,
<br />If the amount of the Funds held 6y Lender, together with the future monthly installments of Funds payable prior to
<br />the dot dates of razes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said texts,
<br />assessments, insurance premiums and ground rents as they fall due, such ezcess shall be. at Borrower's option, tither
<br />promptly' repaid to Borrower or credited to Burrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shat[ not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days Frmn the date notice is mailed
<br />6y Lender 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 />held by Lender. If under paragraph lg hereof the Property is sold or the Property is otherwise acquired by Lendtr, 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 time of application as a credit against the sums secure) 6y thrs hiingagt.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs t and Z hereof shall be applied by Lender first in payment of amounts payable to Ltnder by Borrower
<br />under paragraph ?hereof, then to interest payable on the Nite, then to the principal of the Nore. anJ then to interest anJ
<br />principal on any Future Advances.
<br />4. Charge; Liens. Borrower shall pay all razes, assessments anJ other charges, fines anJ impositions aunbWable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if anp, in the manner
<br />provided under paragraph 2 hereof or, if not pail in such manner, by Borrower making paymtnL whrn dot, Directly to tht
<br />payee thereof. Borrower shall promptly furnish to LenJer all notices of amounts Due under the paragraph. and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Ltnder receipts evidencing such payments.
<br />Borrower shall promptly Discharge any lien whreh has priority over this Mortgage: provideil. that Borrower shall not Fx
<br />required [o discharge any such lien zo long as Borrower shall agree in wntm8 to the payment at the nhligation secured by
<br />such lien in a manner acceptable to Lende4 or shall in good faith contest arch lien hy. it defenJ enforcement M such lien in,
<br />ItBui preeedin8s which operate ti prevent the aril urcement at the lien ur firtenure it the Property or any part theroof.
<br />5. llaz®rd Insurance. Birrower shall kelp the unpmremcnts now eaisnng or htrcafler crccttd on the Nriptrty urvureJ
<br />agarrtzt ions 6y rire, hazards included within the term "extendeD coverage"~, and such other hazards as l.endtr may require
<br />and rn such amuunr5 anJ fur suoh ptnods a` Ltnder may rcyuuc; prividcrl, the[ I.cnJtr shall net inquire that the umoum of
<br />such coverage c.cceed that amount of covtragc rtyuued ti Pay the soma aecurcD M• this MingaBe.
<br />Tare insurance camtr providing [he insurance shall bt chustn by Burrower subltct m apprival by Ltnder. pravrDtd,
<br />chat such apprival shall not be unreasonably withheld. All premiums in insurance policies vhall he puiJ w the manner
<br />pnrvrded under paragraph 2 hnrcof cr, it nut peal in such manner, b}' Burrower making payment. when due, directly to the
<br />insurance caner.
<br />Ail insurance pcdreies anD renew:ds therein shall ix in tarot acceptable to LenJer and shall include .. atanDanl mortgage
<br />clause m favor of and m form acceptable to Lender. Ltnder .hall have the right to ho1J the policies and renewals thercol.
<br />and Burrower shall promptly tarnish to Lender all renewal Wooers auD all receipts ul paiJ premiums. In Ititi event of la-as.
<br />Borrower shall g[ve prutnpt nonce to the uuur,mcc earner ~uW Ltnder. Lender may make grout of lost rf not nwJe pnnnptl}
<br />by Burrower.
<br />Units Ltnder and Borrower o[hetu:se agroc m wramg, insururce prexeodx shall be applitD w restoration or repair of
<br />the Proptrtk JamaBeJ, pmviJtD such restorauun or repair rs ecununuc.dly feasible anJ the security ul this Mongagt i,
<br />not rherrbµ imparreD. I( such rcstor:uum or rep:ur a not economically ttaaible ur D thn sarong' tit this Mongagt would
<br />bt impair ~, [he ~nsuraoce pnxetDs ,ha,I 6t apptizJ to the sums .ecured by thn Mortgage. with Ihz tz~zs,, rf soy, pa:D
<br />ti Bonewer. It the Proptrn~ is uhandunar! M Hu: rower, u: :l Borrower fmla ti reels+ud «+ LenJer within 3U days tram the
<br />Jnte nntrem a made[ by Ltmitr to Borrower that iht msurancc sorrier utlero «+ svule a clean for insurance t+enefih, I ender
<br />is authunztJ ro cilltct anJ apply eht insurance pnxxtJs at l.cuder's opuou euhtrr to rtsturuuott or rel*str of the Pn+ptnt
<br />or to the runts secured L+y this Mortgage
<br />Uultss LenDtr unJ Burrower utherwuc agree m wrung, soy nod: application of pnxceds w pnncrpal .hull nut cztcnD
<br />or pustpunt iht dot dart of the mumhly mstallmtntx rclerreJ nr iu paragraphs 1 ,u:d ~ htrc3tt or chan8e the aria+uat ut
<br />such imudlmenu. 11 wrJtr parngruph Ig hereof the Prnpsny is aeyuued by Lender all nghL «tlt atr.i mitrcst of Borrower
<br />in anJ to any insurance policies uud ur and u+ the proceeds therein rtsulung Irani Jamagt let the 1'nrpeny prior to the sale
<br />it ~`gilsiti~n shall i'aF~ to i~eiJCr [u tLR F trill art tilt a9en\.s acs Utctl hl' tbiti MungagG Inlnttthaltl\ prior lin 'rich salt ~•
<br />aCQUirt{ton.
<br />A. Preaers atiun and Mriatraana•e of Proprrty; Ltweholds; ('oudmniniuers; Wanrred Unit lltvtlupmtnts. 1#orrows•i
<br />shalt keep the Pn+perty in good repair and shall nit urmmii waste or prima rmpmnneut or Jttenoratruu m the Prt+leenv
<br />and shall comply with the provrsmns it any lasso rf this Mort8a8a s un a leasehold. If this Mongagt n un a :wit in ,:
<br />condominurm ur a planned and devdupmcm, Borruwtr shall ptt[urnr all of Borrower`s uhlr8auona nndtr tie- dreleurtus:+
<br />or covenants creating ur governing rtx condom:mtun ur planneJ unu Devtbpnrent, the 6y-laws unJ regu,auuna of the
<br />condominium ar planned unit development..mJ cunstitucnt Jexummus. If .a eundominiurn nr pl.mneD oral develupu[crn
<br />rider rs execute) by Birrowtr and recorded together wuh the Mortgage, the covruunts and agreenrenta of wch r:Jcr
<br />shall t>K insorpiratod taro anJ shall umtnJ mtJ suppkmem the covenants ;utJ agreements of this Mongagt us it drr ride:
<br />were a part hereof.
<br />T. Prolntion of Lender's security. If Borruwtr fails m prrlorm the covenants ;mJ agreements com:u rice ur th:s
<br />Mortgu8e, ur it any action or pruceeDmg rs eummenced which nrateriaBy uife<ta Lender's mwrcst in the Properly.
<br />inelttding, but not limited ti, eminent domain, inxilvency. cwle tninrcenrent. ur :uran8wneuts or pn+teedings involving a
<br />bankrupt or dtcedtn[, Chun L.endtr at Loader's npuon, upon notice ro Borrower, may make such appearances, rhsburse such
<br />stuns and take such action as is necessary to Protect Lender's uutreu, including, but not linuttd to, dishursentent ++t
<br />reasinable atromey's Crxs anJ entry upon the Property to make repairs. If Lender rcyuireJ nxxtgage insurance us .:
<br />ecnditien of m°min€ the rasa secured by this Ma;gaa°t, Borrower shalE ;*ay tl~ prtmirm:s reyrnres! to maintai:r such
<br />L„uraare in td'-tt anti! such time as the rcyuirtment for audt :nsuranct tennmatts :n aceuniance vvuh Borrower'- uoJ
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