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<br />80~.005Qd9
<br />UrrtFtutat COVES~tA?VrB. Borrower and Lender covenant and agree as follows:
<br />h llgrrrrtst of ltlnefpal stsi Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indeMndoess evidenced by tttt Note, prepayrrtent and late charges as provided in the Nate, and the principal of and infeteat
<br />on any Future Advsnees secured by this Mortgage.
<br />1. Eris for Ttaae ttdi Innrnmce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Leader on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a aunt (herein "Fonda") equal to one-twelfth of the yearly taxes and assessments which may attain pt'iority aver this
<br />Mnttgage,-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 reasonably estimated initially and from
<br />time to tittle-by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be heldrn an institution the deposits or accounts of v+hich are insured or guaranteed by a Federal of
<br />estate agency (including Leader if Lender is such an institurionj. Lender shalt apply the Funds to pay said taxes, assessments,
<br />irp[trance prcmiuma and ground rents. Lender may no[ charge for so holding and applying the Funds, analyzing said account:,
<br />or verifying and compiling said assessments and bills, unless Leader pays Borrower interest on the Funds and applicable law
<br />permits Lender to mate such a charge. Borrower and Lender may agree in writing at the time of ezewtion of this
<br />Mortgage that interest on the Ftmds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires sac6 itituest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shag-give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pttrpoae for which each debit to the Funds was made. the Funds are pledged as addisional security for the sums secured
<br />by this Mortgage.
<br />if the amount of the Footle held by Lender, together with the future monthly installments of Funds payable prior to
<br />tbedue detea of taxer, asuasmeats, insurance premiums and ground rents, shall e" aed the amount required to pay said taxes,
<br />asstaments, imuraax premiums sad ground rents as they fall due, such excess 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 Funds
<br />hdd by Lender shall trot be stt6cieat [o pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />BOR07Ier anal! pay to Leader nay amount necessary io make up the deficiency within 30 days from the date notice is mailed
<br />by Zeller W Bonowa requesting payment thereof.
<br />Upon paytn-m is full of a!1 sums secured by [his Mortgage. Lender shall promptly refund to Borrower any Fonda
<br />heMhy Leader. If under paragraph FS hereof tbe Proptrty is said ar the Property .s otherwise atquitxd by Lender. Lender
<br />shall app-y, tw l:ter than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender a[ the time of application as a credit against the sums secured by this Mortgage.
<br />3: A~pifealisa of Peyrsds. Unless apphcable law provides otherwise, alt payments received by Lender under the.
<br />Nuts sad paragraphs F and 2 hereof shalt be applied by L.eodcr &rst in payment of amounts payable to Lender by Borrower
<br />trader paragraph 2 hereof, then to ineerest payable on the Note. then to the principal of the Note, and then to interest and
<br />principal on any Future Advantts.
<br />4. tlingea; liisat Borrower shall pay all texts, assessments and other cfiarges, fines and impositions attributable [o
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in tht manner
<br />provided tinder paragraph 2 hereof or, tf not purl in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shalt promptly fumtsh to Lender all notices of amounu due under this paragraph, and is the event
<br />8ormwer shag make payment directly. Borrower shall promptly fumtsh to Lerzder receipts evidencing such payments.
<br />Borrower shall promptly dacharge any lua which has pnunty over this Mortgage: provided, that Borrower shall not tie
<br />[egtrited to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manes acceptabk to Lender, or shall in goad faith contest such !sera hy, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcemem of the liza ar forfeiture of the Propeny or any part thereof.
<br />S. Raari Inanraaet. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within ttte term "cztended coverage'. and such other hazards as Lender may require
<br />aced in such amouttfa and far such periods as Lender may require: provided, that Lender shall not require that the amount of
<br />such-coverage exceed that amount of coverage required to pay the sums secured by this hiortgag...
<br />'the iawradce cattier providing the insurance shall be chosen by Borrower subject to approval try Lender; provided,
<br />that such approval shall not be unteas~ably withheld. All preminms on insurance policies shelf be paid in the manner
<br />provided under paragraph ?hereof or, if no[ paid in such trtanttu, by Borrower making payment, when due, dtrecdy to the
<br />ittanraeee carrier,
<br />AB itsurance polities and redewa4 thereof shall be in form acceptable to Lender sad shall include a standard mortgage
<br />Clanae in favor of and in form actxptal>is to Leader. Lender shall have ?hc right [a hold the polities znd rtaewals thereof,
<br />add lgarower shalt prattapdy furtsis6 to Letxier alt renewal r[otites sad ail receipts of paid premiums. In the event of loss,
<br />BoKrarrer shalt give prompt rxxice to the itssurar~e carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrasser.
<br />U>Vess Leger and Barrowtr otherwise egret in writing, insurance ptas:ceds shall be applied to restoration ar repair of
<br />the Property damaged„ provided stteh restoration or repair is economically tensible and the security of this Mortgage is
<br />not tfrateby it~taited. If such restoration or reparr is nut economically feasible or if the security of this Mortgagt would
<br />tie +mpvrnd, tht iewranoe proceeds shag be applied to [he sums secured by this Mottgage, with the excess, if any, paid
<br />t0 Borrower. If tht Property n abutdoned by Borrower, or it 13otrowet fails to respond [a Leader withir•. 30 days from the
<br />dace taotiee is mailed by Leader to Barrawer that the ituurante carrier otters [a Bettie a claim for insurance benenrs, fender
<br />ice-2ttlhoriaed io collect and apply ztx im,uratsce proueds at Lernkr's option either [o restores?ion or repair of the Property
<br />of to the stoma seztued by this Mortgage.
<br />Unrest Lttsdtr and Borrower otherwise agree in wrnittg, ;uiy such application of proceeds [o principal shall rani extend
<br />a' paNpme the dne dot of the ttforttMy iustalltneuts reierted to in paragraphs 1 and 2 herwf or change [he amaunt of
<br />such imtaBrrreaa. tf u[rder grragraph 1g heteM the Property is acquutd by Lender, all right, title and interest of Borrower
<br />in sad-to nay imairaace poiiciea and in and m She pr[xeeds thereof restdting from damage to the Propem~ prier to the sale
<br />~ acgtsisit:0a shalt pass to Lender to tlm extent of the runts secured by this Mortgagt [mmedia[ely pricer to >uch sale or
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<br />f. TtwarrMler.eM I-laisetanent of Psrpesty; luseMYs; C: -.~:r; Plaered Unit Devebprer.W. Borrower
<br />shall keaP tits Properly ie good repair sad shag >mt commit waste of permit impairment or deterioration of the Property
<br />and steel: romply with the provisions of any itase if this Mortgage is on a leasehold, if this Mortgagt is on a unit in a
<br />cawdooidutm or a planned unit develotxnent, Borrower st•,all perform a4 of Borrower's obhgauans under the declaration
<br />or eoardaelt[ cleating ar gaveraidg ibe condomnium nr planned unit devetopmrnt, the bylaws and regulations of the
<br />egstdn4sieitae ar pJedmd usrLL devylopnsent atxi conu.i[uen[ docunxnts, if a condominium or planned unit devetopntent
<br />rider is enecu.Yd by Borrotvet and rtcorded together with this Mortgagt, the covenants and agreements of such rider
<br />aitaU be inowporatxl into and shalt amedci and supplement the cavettants and agreettxnts at this Mongage as if the rider
<br />trwo a part ltolaief.
<br />T. ]hesegisrs M Ltnisr'~ Secarig. It Barrow°er fails to perform the covrnants and agrtementa contained m this
<br />11jot or it nay action ar proceeding is tarnmcnoed which materially affects Lender's interest in the Ptopeny,
<br />iarlading, but not limited to, eattintnt dantain, insalvertcy, code ent'arcetrKnt, or arrangements ar proceedings involving a
<br />bYkttrpt or decedent, tbur Leddel at Leader's option, upon notice to Borrower, may make such appearances, disburse such
<br />ttYai and takes welt action as is nec.sttary to prakect Lrndtr's interest, including, but nut limited to, disburstmtnt of
<br />rtat!dnahk_attotosy's fiber add cloy upon the Ptaperty to make repairs. If Lender required mortgage insurance as a
<br />caaditioa of wag the kwa scented try thin Mortgagt, Borrower shall pay the premiums requited to maintaui ,rich
<br />rruraaw in elect tmtil such rinse as the requirement far such insurance ttrminatcs m acwrdance with Borraiwcr's wtd
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