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<br />80-- f~ 0 ~ ~ 3:~
<br />Utvmnast Covatvaxrs. Borrower and Lender covenant and agree as follows:
<br />L. tt4yaseat of idnefMl sad iasstnat. Borrower shall promptly pay when due the prine;pat of and interest cn the
<br />iadabtet~n evidenced by the-Note, prepayment and Tate charges as provided in the Note, acid the ptineipal of and inte[eet
<br />tin soy Ftrtnre Advanixs secured by this Mortgage.
<br />Z. IBaai'for Tins sal Lirtesate. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Leader on the day monthly ittstattments of principal and. interest are payable under the Note, until the Note is paid in full,
<br />a else (herein "Fuods'9 equal to one-twelfth of Cue yearly taxes and assessments which may attain priority over this
<br />hfortgagr, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />phn one-tvrelfth of yearly premium installments for mortgage insurance, if any, ati as reasonably estimated initially and from
<br />tune to tfine by Lander on the-basis of assessments and bills and reasonable estimates thereof.
<br />'iTte Funds sluri be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state aaettcy (including Lender if Zander is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />iosuaoce premitums tied ground teats. Lender may not charge for so holding and applying the Funds, anayyting said account,
<br />or verifying aid tbmpiling said assessments and bills, unless Lender pays Borrower interest an the Funds and applicable law
<br />permits Lander to [Hake stint a charge. Borrower and Lender may agree in writing ar the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement u made ar applicable law
<br />rtsgtiires artch irttgest to 6e paid, Lender shalt not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />ahaB give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pttrptue far which eatdr debit to the Futds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgtrge.
<br />If the atmount of the Futds hdd by Lender, together with the future monthly instaUmeots of Funds payable prior to
<br />the due dates of taxes, atttatssments, imnrantt premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />appY@6nta, ittwranx premiums and grotmd rents as they fall due, such excess shall be, at Borrower's option, either
<br />pttotaptly repaid to Borrower or crodited to Borrower on monthly installments of ; ands. If the amount of the Funds
<br />heW by Larder shall not be snlficieat to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />HottoNer shdi pay to Lender any amount necessary• to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Barrvaer requesting pavmem thereof.
<br />Upon paymem in full of all stems severed by this Mangage. Lender shall promptly refund to Borrower any Funds
<br />bald bg Leader. i€ wader paragraph 1$ :.crc:,f the Properly :° ~Id a. the Prape^.y is etherwsse acq,~ired by L-attder, Lender
<br />shad) apply, no later than imtrodu[ely prior io the sale of the Property ar its acquisition by Lender, any Funds held by
<br />t.eader at the titsse of app8carion as a credit agtanst the sums ucurcd by this fvfortgage.
<br />3. A~ikaNaa of PtgttaeanY. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note sad patttgrsphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Linder by Borrower
<br />tender paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interest and
<br />pri~ipal on any Ft.ttue Advances.
<br />0. Crtt;ar, IJsas. Borrower shall pay ail taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which mtty attain a priority over this Mortgage, aid leasehold payments nr groutd rents, if any, in the manor
<br />provided tinder puagtaph ?hereof ar, ii nix paid m such manner. by Borrower making payment, when due, directly to the
<br />payee tlxteof. Borrower shall ptompdy furnish to Lender all nauces of amounts due under this paragraph. and in the event
<br />Borrower shall make gayrnem directly, Harrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly tiiachuge any lien which has pnoritr over this Mortgage; provided, that Borrower shall not be
<br />requited to discharge say such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such film in a rnamra tscaptsdtk to Leader, sx shall in good faith contest such Tien by, or defend enforcement of such lien in,
<br />legal proceedirtgs which operate to prcvtm the enforcement of the I[en nr #orfeuure of the Proptny ar any part thereof.
<br />S. BLsat+i lasas~iee. Borrower shall keep the improvements Haw ezisnng or hereafter erected on the Property ensured
<br />against loss by 6te, hazards included within iht term "exteitded .overage'". and such oth.^r hazards as Lender may require
<br />sad in 3rteh amaunu and for such periods as Leat~r may require; provided. that Lender shall not require that the amount of
<br />such coverage retard that attiatint at coverage rettuircd to pay the sums secured by this '.Mortgage.
<br />'Ilse inarrraoce carrier providing tltt insurance shah be shown by Borrower subject to approval by Lender, provided,
<br />thY stack approval shall not be unreasonably witlthcld. All prcmwms on insurance policies shall be paid in the manner
<br />provided utsder paragraph 2 hereof ar, ,f not paid in such manner, by Harrower making payment, when due, directly to the
<br />imarasce cattle'.
<br />AB imuraoee policies and renewals thereof shall be in totm acceptable to Lender and shall itx:lude a swndard mortgage
<br />ClaYSe stn ht+nr of std an form atxxptabie to Li:td~ta- Lander shall have the right ux hold the policies and renewals thereof,
<br />and Hortowtr shalt promptly fattrish to L.etttder all renrtvat txoticcs acid alt receipts at paid premiums. In the event ai lass,
<br />Barmaset shall give-prompt notice to the insurance carrier alai Leader. Lender rtay [Hake proof of loss if not made promptly
<br />by Hottotset.
<br />Unless Lender and Borrower alhtrwise agree in writing, msuranae practxds shall be applied to restoration nr repair of
<br />the PmpeFty ttamttged provdd slide rcstottaron or rcpau is teonamxally feasible and the security of this Mortgage u
<br />aloe thereby iagwued. Lf stick restoration or repair u not ecc+namically feasible ar tf the s~uritY of this Mortgage would
<br />he itttgnired, the irttturaare proceeds shall be applied to ttx sums secured by this Mortgage, wah the excess, if any, paid
<br />W-$DrrOw~tt. U iha Property is ahandoood by Borrc~°er, .~,r it Barrvwer faik to respond to Lender wt[hen 30 days from the
<br />dais notieess mailed by Lender to Bartower that the iasirraace ranter a$ets to settle a claim for tnsuranet txtitfiu, Lender
<br />is aathoriasd to txillect std apply the instuanct p[ocreds at y.tidcr's option either to resWr~tiaa or repair o! the Property
<br />to to the Nt®f secured by this ltlattgage.
<br />Udaaa Lritdu std Borrower otherwise agree in venting, any such application of praxeeds to pnrxcipa! shall not extend
<br />tY putttptwe the hue ditc of the rnanthly instatlttxats referred to in paragraphs 1 sad Z hereof ar change the amount of
<br />such i+eats. If under patagnph t$ ltereaf the Property is acquired by Lender, all right, tiEle and interest of Borrower
<br />is sad m any imurattce policies std th and its the pcoctxds thereof resutzmg from damage to the Property prat to the sale
<br />oT ttt'quianon shalt pass to Lender to the eaten[ of the sums secured by this ?vlartgage immedrately pear to such sale or
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<br />0. tfYasasyaitlw anti A,lsiasaaaace d Preytesty: t-~~~ L'oadoatiiraais; Plaatsed Unit i?nelopmeatc. Borrowu
<br />ahtdi keep iht Fmpwty ~ good repair std shall not Commit wash or permit tmpairroent or deterioration aE the Property
<br />sad shdi Walply-with the ~ovisiats of say kart if this Riartgage is ao a Ira[uehold. if this Mattgaylc is nn a aunt in a
<br />cwadaaai8wim. to a placard twit devdopmcait, Borrower shall perform all of 8orrowei's obligauars under the declaration
<br />ar eov~aaats creariag or goveroiag the condominium ar planned wait dtvciapmem, the by-Iowa attd regulations of the
<br />ooademioium arc plaaoed trait.dtave7opmem, std canstitutm da:utnems. if a cnndaminitrm or planned un+t development
<br />rid)[ i; eaectued hY Bortatver and rccordetl together wu=t this Mortgage, the covenants and agreements of such ndcr
<br />tdglt: by iaaoty}ata3ed into, sad siutll amend and suppteuteot the wvtnants and a>arcemertta of th+s Mortgage es if the rider
<br />were ~. pirL hRSaof.
<br />?, -btsyeMaa.af;.Ji,eatlta's.8aeaidlya. If Borrower tarts to pertarm the covenants and agrrements canWUied is this
<br />.111pt'tgi~ or it slay: aetisMt: ar prtxtetliag s i.uttt,."tt~ci which ntatcrially atixts Lender's tnttrest in the Propctti,
<br />jaelydlpr;, bt8 not, tiWited W, emiesrti dtxuam, irtxalvexuy, rude enlnrccmann, ar arrangtmtnts ar prxecsiings invah ins a
<br />hMlt;'ttpEOr Q~an/, then Ltadt-rat l.eodet'`s option, t;pon nutii~e to Hozrawt:r, may tuakt such apptasancc., disburse such
<br />straws sad take such action as is otCt]`5ar5 to protect Lender"s imerest, irt,:tudtng, but not limited ta, disbursement i,t
<br />t;asonsble acWnatf}{s loge sad rutty upeut the Prnoerty to make reports, [f I.enlet r~mquired r»ortgage msurarav :rs n
<br />coaditi%ia o€ tasking the Loan riecnetd ay this Meu€ixgc, B+3rrnwcr shat! ,,-,a} tltt pmmiums requrred to maintain ,rich
<br />instaatice is race! until swell tint as the xtgtri>etneat far such rnsurance terminate ux accardartce with Bornvwcr's .arid
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