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<br />Ur+~oext Covetv..xrs. ;jorrown alto Gender covtnam and agx as follows:
<br />i. Pa,~tai of Prisespai tiro L~ercst. Borrower shall promptly pap when due the p; incipal of acrd inttrnt car the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Noe. and the principal of and interest
<br />on arty Ftttwre Advam~s soured by this Mortgage.
<br />2. lRvaAa for Tau rrad ftowr>mee, Sub}ut to app[i able law or to a wr=tun waive by I.endn. Borrown shall pay
<br />to under ca tlx day monthly instailtnents of principal anti imeresi are payable tinder tht Mott- umil the l:ou is paid in full,
<br />a sum (herein "Fonda") equal to one-twelfth of the ywriy ?axes and as s+~~ts which may attain priority ova this
<br />Mortgage, and ground rents on the Property, if any, plus one-twelfifi of yearly premium itsallments for ttaz~rd inwrance,
<br />plus one•twelfth of yearly premium ittstallmeots for mortgage irtaurana. if any, all as reasonably estimated inittally sad from
<br />time to time by Lender on the basis of assessmenu and bills acrd reasonable estimata thereof.
<br />The Furtds shall be held in an institution il[t deposits or accounts of which are insured or guaranteed by a Fedaa9 or
<br />state agency (including Iinder if Lender is such an irtstftution). Iinda shag apply the Funds to pay said taxes, assessments,
<br />itssuranee premiums and ground rents. Lender may no! charge for so holding and applying ttte Funds, analyrng said aacoum,
<br />or verifying and compiling said assessments and bills, unless Lender pays 1arrower interest on the Funds and applicable law
<br />permits bender to make such a charge. Borrower and Lender may agree in writing at [he time of execution of this
<br />Mortgage that interest on the Furtds shat{ be paid to Borrower, and unless such agreemea[ is made or applicable law
<br />requires such interest to be paid, Lender shat! nor bt required to pay Harrower ary interest or earnings on the Fonda. Lettder
<br />shall give to Borrower, without charge, an annual accounting of the Funds shot. ~rg credits and debits to the Funds sad the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional saucily for the sums sauced
<br />by oafs Mortgage.
<br />IF the amount of the Funds held by Tinder, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents. shall exexd the amount required to pay said taxes,
<br />aasesgnents. instrrattce promiusns and ground rents as they fall due: such excess shall be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to B¢r.*¢wer ¢n monthly insta!!menis of Funds. If the amount ¢f tlx Funds
<br />imFd by l.cnder shall not be safficitnt to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the tftficitncy within 3o days from the date notice is mailed
<br />r-ry' Lender to Horrowtr requesting payment thereof.
<br />Upon payment an full of all sums secured 6y this Mortgage. I.trtder shall promptly refund to Borrower any Funds
<br />held by tinder. If uttder paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall zppiy, no later than tmmediately prior to the sale of the Property or hs acquisition by Lender, any Funds held by
<br />Lender st tht hint of application as a credit against the sums secured ray thrs Mortgage.
<br />3. Appifirattoa of Paymeob. Unless applicable law provides otherwise. all payments received by Lender under the
<br />'vote and paragraphs ; and 2 hereof shall be applied by Lender first itt payment of amounts payable to Lender by Borrower
<br />under paragraph ^_ hereof, then to interest payable on the Noce. then to the principal of the Note. and then to interest and
<br />prmctpai on any Future Advances.
<br />d. Charges; l.Cees. Borrower shall pay x11 taxes, assessments and other charges. fines and ~mposihons attributable to
<br />the Property which may attain a prority over this Mortgage. and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph Z hereof or. if not paid in such manner, by Borrower making payment, when due. directly to the
<br />payee thereof. Borrower shalt promptly turnrsh to Lender all nohces of amounts out undez this paragraph, and in t!~ event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipu tvidencmg such payments.
<br />Borrower shall promptly discharge any lien which has prority over this Mortgage: provuied, that Borrower shalt not bt
<br />required tc discharge any such lien so Long as Hortower shall agree irs w:atmg to the payment of th° obligation secured by
<br />such #itn in ere =..-an~r gcetp*,able tr, C.tn~r. .R.r steal! i:t gechi faith contest s;:oh fire by. e,r defend en:ereement o£ slob Lien in,
<br />Itgal proceedings which operate to prevent .he entorcemert of rho Iron or forfeiture of the Property car any pan thereof.
<br />5, Hazard Irmaraace. Borrower shall keep the Improvements new tilt+ung or hereafter erected on [he Property insured
<br />against l~s by lire, hazards irciudtd within the term "exrendtd covtragµ ', and such ether hazards as Lender may require
<br />and in such amounts and for sue-h per rods as 1_eade: n:ay rtqutrc: p ravi3ei. that Lcndet shad not require [hat fhe amee:nf of
<br />sir^.h cuveragt rioted that atriount of coverage required ro pat' the soma secured by !h:s Mortgage.
<br />The insurance carrier providing the insurance shall ht ch¢sei~t by Bor:e+wer s"bjtct t^ prover? by !indtr: prov:dt:L
<br />That such approval shah not be unreasonably withheld. ,4ii premiums on insurance potiaes shall be paid in [he manner
<br />provided under paragraph 2 tatrta£ cr..f not paid in such manner, by Borrvwer making payment, when due, directly to the
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form .:cceptablt to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Ltnder. Lender >hall have the right to hold the policies sad renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal nouces and all receipts o1 paid premiums. In the event of loss,
<br />Borrower shall give prompt notice ro the insurance carrier and i_endtr Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in uriung, insurance pranroeds stroll ft apy{itd to cert.^,: anon o: rtprr e.
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />not thereby impaired. if such restoration or repair is no[ economically itasible or tf the security of this Mortgage would
<br />be impaired, the insurance prxeeds shall be applied to the stuns secured by [his Mortgage, with the excess, if any, paid
<br />to Borrower. It the Property is abandoned by Borrower, or if Bot rower fails to respvnJ to i_ender within 30 days from the
<br />date nutlet is mailed by Lender to Borrower that the insurance carrier nHers to settle a claim for insurance henefin, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Proptrt}
<br />or to the sums secured by this Mortgage.
<br />Unleas Ltnder and Bonuwer otherwise agree m venting, any such application of prcxaeds to pnncipal shah nut cxttnd
<br />or postpone the due date of rite monthly installments referred to in paragraphs I and 2 hereof or thangt the amount of
<br />such installmenti. if umfer paragraph lg hereof the Property is acquired by Lender, all right, t:fle and interest cf Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />err acgtusition shalt pas's [o Ltnder to the citron of the sums secured try this Mortgage immediately prior to such sale or
<br />acquisition.
<br />& Prrservatfoa and Mtriatettance of Pr¢pertr; Leaseholds; C¢ndominiums; Planned Unit ilt:'tlapmtnis. Botrcucr
<br />shah keep the Petoperty is good repair and <_haii not commit waste or permu mtpairment or deterioration of the Property
<br />and shall eomp4y wlt6 the provisions of any Cease tf thrs Mortgage is un a ltasehuld. If this Mongagt is on a ;nut in s
<br />condominium or a planned unit development, Borrower shall perform aJl of Borrower's <:btigatwns under the declaravor,
<br />or cuvtnanis c;exiipg or govnning [ht condominium or planned unit development, the by-laws and regularinns of the
<br />condeminium nr planned uoit development, and constituent dcx:uments. If a condominium or plaoned unit 6evtiopnient
<br />rider is extcuttd by Borrower and rtcordtd together wtth this Mortgage. the co.enanis and agrctmcnts of such r:dtt
<br />shall bt incorporated into and shah amend alto suppiemtnt the cu.tnants and agreements of this Mortgage as ii the rider
<br />wire a part hereof.
<br />7. Protecti¢a ¢f Lender's Sacttrity. If Burrower tads to perform the covcnans and agreements ::ontained in tbl.
<br />Mortgage, or if any senora or prrxtedrag :s cummcnctd which mattriah} affe:.ts C.endcr's interest in rho P•ot,e:rt;.
<br />including, but cwt iimittd to, eminent domain, insoiveney, code enforcement. or arrangcrtents or proceedings invat•. utg a
<br />h4..Lrupt ar dti4dtni. then Leader at I_euder`s optlen, upon nonce m Burrower, map make such appearances- d:sbur.,e >uch
<br />sutras and take such action a, is nece+ssry to protect Lender's vutrest. er:ciuding. ern not limned tv. dr.hursement of
<br />reasoraahlt attorney's lets and entry upon the Praptny !u make n:pa: r>. it Lender rcquireci mortgage iusot a::cc a
<br />-- ~terz. cf ntuux~ t - pan secured 'ray chit..-vfbCiga~ tree j t teal- -te ~t enswm ~au:re# t r~rrtmin - .,
<br />.nattranyt its rtftci unto such tt_rt~- s the _ ~ rerrir• F .. .r- .... -a_ _,. - ., :tt ..-.a„_. n ~.,, r._. -,~
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