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<br />$~" 0051'7U
<br />IJfiIFORM Covex~tvrs. Borrower and Lender covenant and agree as follows:
<br />1. Paytaeat of PAnetpal and Interest. Borrower shall prontptty pay when due the principal of and interest on the
<br />lndebtedttess evidenced by the Note, prepayment and late charges as provided ir. the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2, f?uads for Truces and lowtttace. Subject to applicable law or ro a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly installments of principa! and interest are payablz ender the Note, until the Note is paid in full.
<br />a actin (herein "Funds'") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage, and ground rents on the Property, if any, pins one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance. tf any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereo[.
<br />Tire Funds shall be held in an instimtian the deposits or acrnunts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is svcfi an institution). tender sha!! apply the Funds w 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 assessments and hilts, unless Lender pays Borrower utterest on the Funds and applicable !aw
<br />permits Under to make such a charge. Borrower and [.ender may agree in venting at the time of zxecutian of this
<br />Mortgage that interest on the Funds shalt be paid tc: Burrower. and unless such agreement is made or applicable law
<br />requires such igterest to be paid, Lender shall not he required m par Borrower any interest or earnings on the Funds. Lender
<br />shall give to $orrower, without charge. an annual accaunung of thz 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 ariditional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds hCld by Lender, together wuh the tuntrz monthly installments of Funds payable poor to
<br />the dice dates of taxes, assessments, insurance premiums and ground rent,, shall exceed the amount required to pay said tales,
<br />ttttsesaments, insurance premiums and ground rents as the} cal: due. verb esc s shall be. at Borrower's option, erther
<br />pranptly repaid to $orrower or credited m Berrnwer on month!} installments of Fonda. If the amount of the Funds
<br />hNd by Leader shall not be sutScient to pay laces. assessments, msurancc premwms and ground rents as they fall due.
<br />$orro~rer shall pay to Leader any amaum necessan to make up the setieencc wnhm 30 days from the date nonce s marled
<br />by Leader to Borrower requesting payment thereat
<br />Upon payment in full of all sums secured by this Mortgage. I ender shall promptly refund to Borrower art} Funds
<br />held by Lender. if under paragraph i8 hereof the Propert}- „ ,old or the F'rapen. a otherwise acgwred by 1 ender. Lender
<br />shall apply, ro late: Than immediatzly p ... the ,ale ^( the Prapem , r us awwstttan h7 Lender, am' Funds held by
<br />Leader at the time of application as a credit against the sums secured h}-thr> Mortgage.
<br />3. A~iieaBow of Payments. Unlzss applicable law provides otherwise, all payments received by Lender under the
<br />Note cad paragraphs 1 and 2 hereof shall be applied by ! ender tint m payrnem of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then m :ntzrest payable on the Nore. then to the prmapal of the Note, and then ro interest and
<br />principal on any Future Advances.
<br />4. Chargts; Ixus. Borrower shall pay a6 !ales. --assessments and other oboe ,e,. fines and :mposuions attributable to
<br />the Property winch may attain a priority over this Ptortgage. and Ieaxhold payments nr ground rents, if any. in the manner
<br />provided tvsder paragraph Z hereof or. d not naid :n such manner. by Borrower making payment, when due. strectly to the
<br />paves thereof. $orrower shah grompth~ !urntsh ro !.ender a;! nonccs of amwmts due under tha paragraph, and in the went
<br />Borrower shat' makt payment dtrectl}. Borrcwer ,hat! pmmptlg tumtah to Lender receipts esidenc!ng such paymzn¢.
<br />$orrower shall promptly discharge any Iten-which has nrnrnt}• over This Mortgage: provided. !hat Borrower ,hall not be
<br />tcgtured to discharge any such lien so long es Borrower shad agree m as nnng ;o the payment of the. obligation ,ecured by
<br />such lien m a mantm acceptable to 1..;:nder, or shall in gcx,d tanh aonm,t ,uch lien hv. or defend enforcement of verb lien tr.,
<br />legal proceedings which aptratz to prevent the enforcement tit the I:cn or !urtenure of the Property ar anti part thereof.
<br />S. ffaaard 1!!tavra~ce. Bondwer shall keep the ,mprovemenn noaa eai,ung nr hercafmr erected tin the Property insured
<br />against loss by fire. hazards included wnhm the ternt 'extended aovaragc end such other hazards as L: rider may reyuue
<br />and in such amounts and far such periods as Lender may reyuirc. },n,a idcd. !hat Ccnder ,h:df not require that tht amount of
<br />such coverage exceed that amount of navzragc reymred to pav the ,um, ,enured by this Mongagc
<br />Tht insurance earner providing the insurance ,hall F±e .hoscn h}' Burrower cub}ect to approval !=v Lender: pravtded.
<br />that such approval shall not be unreasonably withheld. .3i1 pttmrunts ~.+n tsurrnce pohcrzs =hall he ?aid m the manner
<br />provii~ umter paragraph 2 hereof ur. tf not pmd ur ,uch mamter, h} Barmwer making pat•ment, when due, directly to the
<br />insurance carrier.
<br />AB instrrancz polices and renewals thereof shat! }k m corm a,neptablc to Lender and shall include ;, ,tansnrd mortgage
<br />clause in favor of and m farm acceptable to Lender. i_rnder ,haft hoar the right :.~ hold the polices .tnJ renewals thzrea:f.
<br />and Borrower shall promptly furnish to Lender a!i renewal nonccs amt a!I recetpu a,! gold premtum~ In the rvem n! Vos,.
<br />Bartoww3hall give prrntpt..^.aiice to tt;; :nsurar.;t carrier a.^.d Censer. !_cnJer mr~ make grout of loss a nut made prumpti}
<br />by Btarrawtr.
<br />Unless Lender and $orrower c'nireiwtsz agree to venting, inwraune pnriteds shat! be :,pphad !o restuta:tun ~.,r repen of
<br />the Properly damaged, provided >uch restorat:un ar repair ,s ei.?nuntrcatly ;tasihk anal :hr ,ecur![y of thu :Mortgage „
<br />not [hereby impaired. ]f such reatora[ta>n or rzparz is oat econumtcally teastble or :! the ,count}' of the Mortgage would
<br />be tmparred, the insurance proceeds Shalt be applred to the ,ums ,enured h. thu ~tortgugt. wuh she zaa:e,s, !f anv, pard
<br />to Borrower. If the Propen} is abairdened b} Burrower. ,*r ;! Borrower !sus w resp,utd to !.ender wuhut 30 days tn,m the
<br />dart notice u n[adtd by Lender to Borrower tiv,t thz asurance oarrKr otieh to zett!z ., nlamt for msuram:e benefits, Lender
<br />rs authorized to cal{zt.'t and apply the rmurancc nrocc~ds at Leader s uptinrt erther to res!orrtron ur repau at the Propztt}
<br />yr {n the Burns >tcured by this \iongage..
<br />Uakss I:``rtttrr and ~:rrewet ethetuiae agree :*; wr,nttg, ,rn} ,unto eppl t.auun ,x nt.,aezd± to nrinccpat ,hat! rut extzad
<br />t>r postpone t'tx due daft of the monttfl}~ instaltmcnt~ nierrrd to ,n paragraphs i ,end ~ hereof or change the amorint of
<br />suc$ i[ts43h're.+is. ii urtdtr par graph Ig ;ireci4 the Prc~ert} +> acyu:rcd h} Ruder. a!i right, uric cad uuerzs[ act Burrower
<br />m cad aa~: any rmuran+:e policies and in and tt, the pra~,ocali thereof :eaultiug truer damage to ttte PntFxrta pn.,r to the ,ale
<br />or aequisttwn sttatl pass to Lrndzr to the extzna of the ,ums sc; urcu }<t !hi> \la,rt;,ege ;utnredtatci} prior !o ,uch safe ,~i
<br />assuisitioo.
<br />6. Treserv!tdwa aid Naiateaeace of i>rupertt: Leasehold.; (~oudomiuiums; Pianued !;nit t)eveluprncnts. Borrower
<br />shall L'etp the Property in good repau and ,hat! nu[ comrnia waste „r permn impmrmcm or atztenorauun o{ the Propznt
<br />cad shah comply 'with the pravistottS of an} lease :! this hinrtgagc a, tin a leasehold. It th:•. Mortgage is on a non ,n ,
<br />coadaminwm ar a pfantt~d anti developinetuu. Borrower shall F,eriomt ail tit Barnnvzt s „bhgauun. under the deni:u atu,n
<br />or covenants creating or govunmg the oontlomuuum or plaun Yl nun development the hp-taw, curl retulaw.rn at ttx
<br />cotniominitun or p]annea! unit devzlopmant. and con c:uent document, It a as+nd,vutnium o: planned :ern .leseiap,nt,tt
<br />ride[ is cxocuted by $ortUw`et and rccora}ed together -with !n,. A{ortgagc. !hc ~uvenmus .,rid .,giecmcnts „! .urh ndax
<br />shall be incorporated into atxl shat! amend coat ;upplemevt the c, sa;nants .-+nd agrutmrt,t.v .u ;h., Mort~agc as ,t the rid<i
<br />wera a part hereof.
<br />~. P!!>Wediw of Get!aiePs Sxnrity. It fSamrwer tads +o perform the envenoms cad egrcenxnu oomauud +n the
<br />Mortga~, or ii any action tit proceeding as <ommenczd which nratcrially :, lira t. t enatct ~ :purest tit the Pn,pcr!a.
<br />including, but trot itntirtxl tv, emtrreni domain.:nnoteane} na>alz enturaema:at. „i .urar[gctna•nts ,_, ; ra,acedmgs ir,aa,l„rig .,
<br />hanlutrpi or daedeni, tl~n l.,eudgr ai Lendeis option, upon uuuce u, Hur•,wcr, may make su.h aapfxarana a,, d.,nu:,c ,u.h
<br />sums and taste such action as is ae+:essar} to protect Lender; ~~ntcrest. ~nvluding. hu! not hm:teat to, disbursciua:m ,•!
<br />reasonable attorney's tees and Larry upon the 3>rnpeny n, make rep,.,t, It Lcpdet rcyuircai m.~,tgagc ,u,urana c= .a
<br />condition of mating the loan st:cured tsv ttvs Mortgage, Barra wet shall {=u} the nrrmiums req:nrca! :.• m.a:nt.;.i, ,ual,
<br />in5urauce in effect tuatt3 such ttnae as the rultrirtment for ,uch msurar.~e rcrntutates m aaaordan.e wish Bon.•,ac, . .u,.!
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