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$d--Q00~23~
<br />Utv[~oaM CovEtvertTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymwt of Prlpcipal and IoterW. Borrower shall promptly pay when due the principal of and interest orz the
<br />indebtedntxs evidenced by the Note, prepayment and late charges as provided in [he Note, and the principal of and interest
<br />on any Futare Advances secured by this Mortgage.
<br />2. IP'nads tar Tate and Insurance. Subject to applicable taw or to a written waiver by (.ender. Borrower shall pay
<br />to Lender oa [he day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stem (harem "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priarity over this
<br />Mortgage, and grotmd rents on the Property, if any, plus one-twelfth of yearly pretnium installments for hazard insurance,
<br />plus one-twefth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />tithe to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />71te Funds shall be 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 appl}• the Funds to pay said taxes, assessments,
<br />insttRtrlce pttmiams and ground rents. Lender may not charge for sa holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest nn the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execufion of [his
<br />Mortgage that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />regtures such interest to be paid, Lender shall not he required to pa}• Borrower any interest or earnings nn 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 />by this Mortgage.
<br />If Che amount of the Funds held 6y Lender. together with the future monthly installments of Funds payable prior to
<br />the dtte dates of taxes, assessments, izsurance premiumsand ground rents, shall exceed the amount required to pay said taxes,
<br />asses~ents, insurance premiums and ground rents as they fall due. sucfi excess shall be, at Borrower's option, either
<br />promptly repaid [o Harrower or credited to Harrower nn monthly installments of Funds. If the amount of the Funds
<br />held by Leader shall not be strfficient to pay taxes, assessments. insurance premiums and ground rents as they fall due,
<br />Borrower shalt pay to Lender any amount necessary to make up the deficrenc}~ within 30 days Irom the date notice is mailed
<br />by Leader to Borrower regtresting payment thereof.
<br />Upon payment in full of all sums secured b} th:s Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. [f under paragraph 1 R hereof the Property :, ;old or the Property s otherwise acquired h}• Lender, Lender
<br />shall apply, no later than immediately prior to the ;ale of rhr Property or ns acqutsnion b}• Lender, any Funds hold by
<br />Lender at tht tithe of application as a credit against the sum, ,ecured he thu Mortgage.
<br />3. Aoa of Payttoeats. Unless applicable law prnttdes otherwise. ati payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applrtd by Lender first m navment of amounts payable to L: mdtr by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the pnnctpal of the Note. and then to interest and
<br />principal on any Fume Advances.
<br />~. Charges; I3eas. Harrower shall pay aB rases. a;sts,m.ents ;;red other ,hargts. 8nts and impositions attnbutabte to
<br />the PropeRy which may attain a priority over the Mortgatt. and lusehold paytzttnts or ground rents, if any. in the manner
<br />provided tinder pazagraph 2 hereof or.:f not paid in such manner. ht Rorrawtr making payment, when due. directly Yo the
<br />pays thetteof. Borrower shall promptly furnrs'h to Lender atl n. ncc; of :tmounr due under this paragraph, and io the event
<br />Borrower shall retake payment direcd}'. Borrourr ,hall prompth furmst: to Lender receipts evidencing >uch payments.
<br />Borzower shall promptly discharge any lieu wtuch has phoney ,~tcr thi, Mertcage: provided, that Borrower shall not be
<br />rtxluircd to discharge any such lire so long .rs Borrower shall agree rn urning ct the payment of the obligation ,ecured by
<br />Belch lien in a manner acxptabie to Lender, or ,hall in gtnvl fanh ccmtsi such lien h}. ns defend enforcement of such lien in,
<br />legal proccedings which operate to prevent the enfx:rctrnem nt tree i:en nr iartetntrr of the Praperty or any part thereof.
<br />S. Iltaatrd lasaraace. Borrower shat? keep the rmpntternrnt, noel e+rsung or hrreatter erected nn the Property insured
<br />against loss by fits, hazuds included within the tz-m "extendrf ::eteragc-~ and ;wch othce hazards us Lender may requtrc
<br />and in such amounts and for such periods as Lender ma} require. Prot tried. that Lender ,hall not require that the amoum of
<br />such coverage exceed [hat amatmt of coverage rc,)uaed to pat rhr +um, +eturrd by th,s Mortgage.
<br />The insurance carrier providing the insurance shalt be chosen b} Bcrruucr subttct to approval by Lender, pravtded,
<br />that such approval shell trot bt unreasanably withheld. Ail premiums on insurance pehctts ,hail `•u oaid :n the manner
<br />ptovidt~ antler paragraph 2 hereof or, if net yard in such mantra. h} $nrn utz making payment, when dot. directly to the
<br />ittwnace carrier.
<br />All insurance policies and renewals ihereet shall be rn Corm acctptabir to Lender and shall mchtde a ,tandanl mortgage
<br />clause in favor of and in form aectptable tit (_ender. Lender sfiali hate the ngnt :o hold the pnhaes and renewals thereof.
<br />and Hotmwer shalt promptly furrtish to Lender all renewal natrcts and all rrcapts i,l yard premntrns. In the evtm of loss.
<br />Borrower stzall give prompt notice to the insurance earner and Lender. Lender mat stake pmo! of loss tf no: made promptly
<br />by Borrowee.
<br />i)ahzs Lender and Borrower othentist agree rn unung. tnsuratcc perk ecd, shelf be applied to rrttaration or repair of
<br />the Property damaged ptnvided such restarauon ar repair is rcencmrcatlp trasrble and tlrr security o2 this Mortgage :+
<br />no[ thereby unpaired. If such restarat:on or repair :s hat rconomtcall} teasihle nr :i the security of tltrs '.4}ortgagr would
<br />bt impaired, the insuranct proceeds shall br appirtd to the Burns secured n} this .Lktrtgagr. wuh the exct;s, if env. paid
<br />m Boaowet. If the ProptHy rs abandottrd ht Borrower, ,=r ft Barre=Met taeis au respr.*nd to Lender wuhtn 30 days trnm the
<br />date notice is mailed by Lender to Borrower that the utaurance carrier Defers to settle a clam [or insurance benefits. I_tnder
<br />is atttharizod to collect and apply the ut>uranre prac+xxds :.[ Lsrader-s npuon tzthtr to rtstarauon nr rcpatr nt rhr Property
<br />or to the scans sectued by this Mortgage.
<br />€IaIe~ Lender and Borrawtr athrsuist agree rn w_rting, arty Belch appfication of nr;xceds .o prrrc:pal shalt not cttcnd
<br />or QOf(plHte the due date of the mantht< installments referred to rn paragraph, 1 sncl ? hereof or change the amount nt
<br />such ituUllittents. if tttfdtt paragraph 111 htrecii tree fTroperty rs acgwrcd t+y i.eitder. aSi right, utle and interest nt Harrower
<br />in and to any iosttranct palrcies and in and to thc• prncerds zitersvt rrsuh:ng ern+n daroagr to the Prapeny poor to the +ale
<br />M aegtflsitien shat! pass fo Lender tct the extent of the ,um soured ht thu tiiorigage :tnnrediatet} prior to such sale ,;r
<br />acquisition.
<br />i, Traers'afiaa aa/ Mtirreisaace of Proprrt}; Leaseholds; ('oadaminiurm; Phoned L'rdt 1)rvelnptaenis. Borrourr
<br />sttaB keep the Property in good repair and shall hat ..^ommit waste oz ptrmrt +mpaument or detrriorauan of the Prapen_,
<br />sad shall :.on+ply with the provistetrts at any !last :i this Mortgage :, t,n a tta_s.:hald. I[ this Mortgage t, on .: unit in r
<br />condominium or a planned unrf drtetapment. Horresuet .hail ~rform ail of Bnrtouti s nbhgutttms under the declaration
<br />or t`oveaanls crtatutg ar gavtrntng the cond;tmtruun er L.;anr~d nun drvrtopmrnt, tree by-law, ,,red regulation, tai :he
<br />ecktdatttiaitttn or planner wait develarpment, istd .crtniitutnt dactuncnts. If a condaminiunt ar planned un,t Jetr;;~pment
<br />rider is etcecuCCd by Bnrtnwarr an:i rt"or-.1~:d tcy;r=her wuh t.rs ylongagc. tttc :. venanis ar:u' sgrctnirot, ..f ,uc:i rner
<br />shall ba incorpixated into atzd sltail amend anti su~pienxni the cotenants and agrernirnts of ih+s Mortgage as rl the ndcr
<br />wort II part herxof.
<br />T. IMI~~ et LRader'a $aeaf}l;r. tf Bstrrowtr tads to ptrforns the covenants and agre~xntents ramatnrd rn tbt,
<br />i~{ar't[a{e. or if nay action tsr prtts~fiiittag n .:a+mmencrtit which matariail} alla~es Lenders urterc,: to ten- Prupr:ny.
<br />ulGltidpig, but hat limit~t ta, tmtnent domain. ;oe~ettcrtc}. ci~xk: rntorcetrnnt, :at arrangentenfs nr pro: eadanx_t, ;:wait mg a
<br />Itaflk'fnpt ar dtctdent, !lien Lti.der a? Lender's i,fHt:,n, uptRn nou4t r,> Horrowr_r, ma; naoke such nppra rmrrs_ drehurnr + id,
<br />fiun1S and take atMCh aticut aY .s necessary u, ptatr.:t Lendet~= ;nrorest. :ru:lndmg, but not iim;tcd ro. ,!rshurscmrnt ,~t
<br />rtasarirriblt attorney's fees and entry upon tltr Property hi make taperer; It Larder reµrnred n,.,rtgagr :nvrr.rnce .,. ..
<br />caslttfioit ofi making the !lean mCt:titetl h} !lien ~4+trtgugr. Hnrtuwc! ,tt:sli teat !hr premturns xt~gnrrrd h, rxtsmt,rnt ,ugh
<br />inrRxrapch In tgS~t urit+l wch ul4tw a5 itte rezlutr@tr~nt far sui-fi rnuuance tc*nvn~itra tit ~t~aaian.c• with Hozrautr t lnd
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