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80. ~~~is~~
<br />UNIFORM ovttNeNrs. orrower and lender covenant and agree az follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pa}• when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment aed late charges as provided in the Noie. and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. Funds for Toes and 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, umil the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and azsessmen[s which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfh of yearly premium installments for hazard insurance.
<br />plus ane•twelfth of yearly 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 be held in as institution the deposits or accounts of which are insured or guaranteed by a Fedenl 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 ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said azsessments and bills, unless Lender pays Borrower interest on the Funds and applipble 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[ interest on the Funds shall be paid to Barrower, and unless such agreement is made or applicable law
<br />requires such interest to tx paid, Lender shall not be required to pay Borrower any interes[ or earnings on the Futrda. Lender
<br />shall give to Burrower, 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 bortgage.
<br />If the amount of the Funds held by Landes together 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 renu as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid [o Borrower or credited to Borrower on monthly installments of Funds. It the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxis, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender aflp amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Burrower requesting payment thereof.
<br />Upon payment in full of all sums secured by rhis Mortgage. Lender shalt prompty refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Propem' rr cold or the Property is otherwise acquired by Lender, Lender
<br />shall apoh~, no later than immediatety prior tv the sale of the Properly or its acquisruon be Lender, ary Funds held by
<br />Lender at the ume of application as a credit against the sums secured by thrs Mvngage.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragnphs 1 and 2 hereof shall be appLed by Lcndcr first m paymen[ v( amounts payable to Lender by Borrower
<br />under pangraph 2 hereof, then to interest payable on the Nrne, then to the principal of the Nrne. and then to interest and
<br />pnnapal on any Future Advances.
<br />d. Charges; I~errs. Borrower shall pas all taxes, assessments and other charges, fines and rmpvsiuons acnhutable [v
<br />the Propem' which may attain a pnority over this Mortgage. and leasenold pa}menu or ground rents, it any. in the manner
<br />prnvrded under paragraph 2 hereof or. it not paid m such manner. by Barrower making payment, when due. dvectly to the
<br />payee tfiereo(. Borrower shall promptly furnish to Lender all nvnces of amounts due under this paragraph, antl ifl the event
<br />8orrvwer shall make paymen[ duectlc. Bonower shall promptly turn rsh to Lender receipts es•rdencing such payments.
<br />Borrewu shall prompd}• discharge any Len whrch has pr:onn• over thrs Mvrtgage: prm~ided, that BoRVwer shall not 6e
<br />rcgwred to discharge ang such lien so long as Borrower shall agree m wrung to the payment of the vbhgatron secured by
<br />such iron :n s manner acceprable io Lender, nr shall m govd troth comest such lien hy, ar defend enl orcement of such Lien m.
<br />Iegai pr(w eedmgs whrch operate m prevent the entorcemem of the tiro yr tortature of the Properq• or any part therevf.
<br />5. Haurd Insunrce. Bortvwer .hall keep the impmvemems now eviumg or hereafter erected on the Property insured
<br />adaras; Ices hr fire, har.rds Included wuhrn thr rum bsmnded coverage', and such otfiet hazards as Lender may rcyuve
<br />and .n such amounts and for such penod~ a< Lender may reumrc: provided. that Lendu shall nut reyuue that r}re amvum of
<br />such c.sscragr exceed that arnuunt ,+( :overage raquued in pay the sums ceeurcd by thtx Mvngage.
<br />Ttrc iniiirinre 4afneT ~ ruvrdmg the IIISllnflCe shall be CIlOSefl b\' BvRVwer StibiC."( l0 apprRVal by Lender, provided.
<br />that such approval shil; nut 6e unreasonably withheld. AI! premmums on insurance policies shall he paid m the manner
<br />provided older pxragrapfi 2 herent or..f nol pnrd in such manner, by Burrvwer making payment, when due, drrcctly to the
<br />insurance earner
<br />All insurance policres and renewals thereof shall fir m form acceptable to Lendu and shall include a starrdar(I mortgage
<br />clauu m favor of end .n form acceptable to Lender. Lrndcr shall have the right to hold the policies and renewals therevt,
<br />and Burrower shall promptly rumuh to Lender all renewal nooses and all receipts of paid premiums. In tht event of loss.
<br />Borrower shall gyve prompt notice to the ituurance earner and Lender. Lender may make prvvt of Ivss n not made promptly
<br />by Borrower.
<br />l!nlesx Lender and Borrower other\rtse agree m wnnng, insurance proceeds shall be applied to rcsuuation or repau of
<br />the Property damaged, pronded wch restonuvn or repau is cconom¢ally tees>ible and the scanty vt thn Mvngage s
<br />not thereby impnrul. It such restorauvn or repau a not ecvnvmicall}~ Ieasible or d the secunty of ihn Mvngage would
<br />be impautd, the insurance prcx:eeds shall tx applied to the sums secured by this Mvrtgage, wnh the exccu, if any, yard
<br />to Bvrrnwrr. It the Propem~ a abandoned by Horrower, ur it Borrower tails to respond to lender wuhin 30 daps tram the
<br />date nvuce a marled by Linder tv Borrower that the insurance earner onus tv settle a claun cur imurance benefits, Lender
<br />n authonud to rvllect and apply the insurance proceeds at Lender's opton other tv texuuauon or repau of ihr Property
<br />or tv the sums secured h} this Mvngage
<br />Unless Lender and Barrower vtherwrst agree m wrung, arty such apphcauon (~f proceeds iv pnnapsl shall nut extend
<br />or ponpane the due date ai the monthly mst•!Imems rc[errcd ro m paragraphs I an(1 . herevt yr change rho arnaum of
<br />such installments. It under paragraph i8 hereof the Prapeny a acgwred hp Lender, all nght, title and interest at Borrower
<br />in nerd to any msurnnce policies and to and to the proceeds therevt resulung from damage to the Prapeny pruu to the sole
<br />or rcywswon shalt pass to Leader to the extent of the sutra stututxl by thn Mvngage immediate)}' pour to ,uch sale yr
<br />acqutsitivn.
<br />6. Pnsen'atlan and Milatenance of Property; l.easehulds; Coadomlalumst Planned 4'afl Uereluprnetus. Hntrvwu
<br />slid! keep the Property to t{vad repau and sball not comma waste yr parmrt impairment or detenoranvn at the Property
<br />acrd shall aompl}• wuh the provixmna of any lease rt this Mortgage n un a Irasehuld. If this Mortgage a on a amt in a
<br />condomituum or a planned amt development. Borrvwet shall peMvrm all of Borrower's obLgauant under the dm;lsratusn
<br />er aavenants creauag yr governing the condamrmum rn pHnned amt developmcn4 the bylaws and rcgulauans of the
<br />condominium or plmwd unit development, and conatftuem documents. If a condominium yr planned amt development
<br />rider is executed by Barrower and reetrrded together with this Mvrtgage, the covenants sod agrtemems of sueh ndcr
<br />shall 6e incorporuod into and shill amend and auppktneat the ~vanantt and agreemrntt of this MartyaQe as .t the rider
<br />were a pan hereof.
<br />7. Pwteetloa of f.eadar's 9acurfly. If Borrower fails to perform the covenants and agreemenu cmrtarned in this
<br />Mortgage, or if nay action or protxeditag rs cummepced which materially affects Lender's interest in the Property.
<br />including, but oat limited to, eminent domain, insalvency, cycle enforeemen[, or arnngementa or proeecdingt invvlvmg a
<br />bankrupt or decadent, [hen Leader at Leader's option, upon notice to Borrower, may make such appearanm, duburac such
<br />sums and take such action as is necessary to protect Landtr'r interest, including, but nut limited to, dnbunemmt vl
<br />reasonable attorneys feet and entry upon the Property to make repairs. tt Lender required mortgage insurance as a
<br />wndruon of making the loan seeiu~ by this Mortgage, Barrower aha11 par the premiums regmred to main[am such
<br />insurances in e8ect until such tutu as the t•~uiremmt for such insurance rerminares .n accordance wnh 1}vrrvwer~s and
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