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<br />U#rt>: Batt L•~vrxx*ris. 3rcrrower xsd Lzadzr cavznara arm agrtt as faElows:
<br />2. taglneeY M P:~ripft! cud iWateir. Borrower shall promptly pay wften dix the principal d sad iaterttR on the
<br />it[debtedaess tvidta;td by the Nat, prepaytaart and tau charges as prw~ed ir, t}#e Noce. and the pri~ipa! d and interest
<br />on say Future Advances secured b}' this Mortgaec.
<br />1 Ftssm for 'Taus atad fin~ar:eee. Subjut to apglicabk law a to a wrrttea waiver br Lender, Barrawr. shall pay
<br />to Coatis on flu day ma#ahiy iasteltnlCrits of principal attd imsrest are payttble under the ;Vas, trmi! the Nae is paid in full,
<br />a sum (herein "Fuads'7 equal to ate-twdfth of the yearly taxes and asssssnsrnts which may attain priority over this
<br />Mortgage, and ground rents on the Property, i€ any, plus o>x-twdfrh of yearly premium irtstaBmenu far hazard fnstrranu,
<br />plw one-twzl[ih d ytariy premium installnteats for mortgage imurartce. if any, aB as reasonably estimated iairiaiW, sad from
<br />time to firm by Le>~er on tIx basis of assessmeas attd trills and reasonable estimates thereof.
<br />Tae Funds shall be held in an insdittttion the deposits or accostars of which are insured or guaraa[eed by a Federal or
<br />state agency {including Lender if Tinder is such an imiitution), t.eader shalt apply the Fttrtds to pay said taxis, astsesameata,
<br />itsurance premittins and ground rents. Iertder may not charge for so holding grid applying the Funds, analyzing said account,
<br />or verifying a>td compiling said assessmenu and bills, utttesa Leader pays Jlotrower ialerest oa the Funds aa$ applicable law
<br />permits Lender to make such a charge. Borrower and sender may agree in writiog at the time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, avd unless stub agreement is made or applicable law
<br />rtx)uim slut; interest to be paid, Lender shall na >z ;squired to pay Borrower any interest or earnings o¢ the Funds. Lender
<br />shall give to Borrower, without charge, an anuuat aaouating of the Funds showing credits and debits tb the Funds and the
<br />pttrpt>se far which each debit to the Funds was mods. 'lice Furrds are pledged as additional sswtity for the sutra severed
<br />by this Mortgage.
<br />If the aatount of the Ftmds held by Lender, together with the fuwrc monthly installments of Funds payable prior io
<br />the due dates of taxes, assessments, iffittrance premiums and ground rents, shall exceed the amount required to pay said razes,
<br />assessments, insurance gremiutns and ground rents as t~key fact dui, such excess sha31 be, at Borrower's option, either
<br />prompty repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />Lr.td by iP~r thntl rw M_ vn:.~. ~.-^t •,, taxes, as~sa::nts, insura,rs pzmiur and grooad rrnts r- they tali due,
<br />Borrower shall pay zo Lander any amount necessary to make up the definiency within 30 days from the date notice is mailed
<br />by 1.zndtr to Borrower rsquating pa}•ment thtteof.
<br />Upon payment in full of all coma secured by [his Mortgage. L,eridtr shall promptly refund to Borrower any Funds
<br />hdd by Lender. If umter pazagraph 18 hereof the Property is sol$ ar thz Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the salt of the Property or its acquisition b}• Lender, any Funds held by
<br />Lendez at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Apptitadon d Payments. Unless applicable law provides atherwi;se, all payrntnts received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender fist in payment qef amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable ou the Note, then to ihz prirncipat of the Note, and thzn to interest and
<br />principal on any Funare Advance.
<br />A. Charges; L3e~. Borrower shall pay xB taxes, assessments and other charge, fines and impositions attributable to
<br />t$e Property which may attain a priority over this Mortgage, a~ leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or. if na paid in such manner, by Borrowzr making gaymen[, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shat! promptly furnish w Lendtr receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Mongagt; provided. that Borrower shall na be
<br />required to discharge any such lien so long as Borrower shalt agree in writing to the payment of the obligation secured by
<br />such ?stn in a manrar acceptztik to Leader, or shall in good faith contest such #itn by, or defend enforcement of such lien iq
<br />l~ai prime slings •a1:a.a operate to prec-en# t}ee enforcement of the Tier or [arfetture of tt[e Property ar any part thereof.
<br />5. Hazard lnsetaace. Borrower shai# kelp the improvements now existing or hereafter erected on tht Property insured
<br />against toss by firs, hazards indu$td within the term "extended coverage". and such otlv.r hazards as Lendtr may require
<br />sad in such amaun#s and for such periods as Lendtr may require; providzd, that Lender shalt not require that the am_3~nt of
<br />acute cavsrage ex~d that amattnt of coverage required to pay the Sums ,enured by this Mongagt.
<br />c'~r : i~uraace carrier providi[[g ttu insurance stet}# as chossr[ by Harrower subject m approval by L°.ndzr, provided,
<br />that such approval shah not ire a~rra~ena~ly wtthlrad. All prsmitaas i:, insure;,~ Y.,li;:i ;shall lie ;_,aid i R mange:
<br />provided na$er paragraph 2 hereof or, if not paid in such mancer, by Borrower making payment, when due, directly to the
<br />irsttraatt carrier.
<br />AB iusurance policies and renewals thereof shall be in Corm acceptable to Lender and shall include a standard mortgage
<br />clsttst to €avor of and in form acceptable to Lender Lender shall have the right to hold the polities and renewals thereof.
<br />attd Borrower shall promptly furnish to Leader all renewal notices and all receipts of paid premiums. Jn the event o[ loss.
<br />Borrower shall give prompt notice to the insurancx carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Barrawsr,
<br />Ualer~ under and 5orrowzr otherwise - -roc i,i ~witi,~ , i.-sir;ante -- °a•r-- ~~~n s.o ~ .,[:aa ~ - „
<br />n5 tt r,.,........, ..,,..,, .,,..~pr,...... to re..tr~rar.a.. nr repair of
<br />thz Property damagt$, providtd such restoration or repair is economically feasible and the security of this b1ortgagc is
<br />tilt thereby unpaired. If such resWration or repair is not economically feasible or if the security of this Mortgage would
<br />bz impaired, the insurance prtxeeds shalt he applied to the sums secured by this Mongage, with the excess, if any, paid
<br />to Borrower If She Property is abandoned by Borrower, or if Borrower faits [o respond to Lender within 3D days from the
<br />daft nofice is mailed by Lender to Borrower that the insurance terrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of ti[e Propeny
<br />or to t!u cams secumi by this Mortgage.
<br />Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to pnncipal shall not extend
<br />ar postpone the due date of the moa[hly instalments referred to in paragraphs 1 atad 2 hereof of change the amount of
<br />such instalhrtents. If under pa[agraph I8 hereof the Property is acquired b}' Leader, sit righe, title and interest of Borrower
<br />ir. seal to any insurancz policies and in and to thz proceeds thereof resulting from damage to the Propeny prior to the sale
<br />or acquisition chart pass to lender to the silent of the sums secured by this Mortgage immediarel}• prior to such sale or
<br />tugttisdtioat.
<br />~- -~-'-~r'r;~ 'r-~~"2 d Yrup2:•S> L.zss.:%~,Idfi C- - ?t~aassG lttiit LYrveksprnea#f... Ito: rower
<br />shalt kzsp the Praptr[y in gotxl repair grid shall not cvmrnit waste ar gtrmtt impairment or deterioration of the Property
<br />aril shalt comply whit tits grovisiaas of any lease if this Mortgage is as a leasehold. if this Mortgage is on a unit in a
<br />condominmm or a planned unit developmea, Borrawtr shall perform a!1 of Borrowei s obhgations under the declaration
<br />ar covenants creating ax governing Lire condominium ar planned unit dzveivpatent, thz by-laws and regulations of [be
<br />ccmdominium cr plaatrs$ unit development, and constituent documents. if a condominium or planned unit development
<br />r[det u executed by Borrowzr slid guarded together with this Mortgage, the covenants and agrcetntnts of such nder
<br />shalt t~ irut>tperaLSd iron asu# steal; atnstul and snpptemem the vvzttants amt agreements of this Mortgage as if the rider
<br />vt~:r a par# iterta#.
<br />9, Pnat~ettaa of fxu$er's Security. If Ilarrowtr fails to perform the covenants and agreements can[ained in this
<br />3fcrtgagt, ar ii any aciton ar proctediag ,s oammerutd which nnterially aHecls Lender's interest in the Proptrt}•.
<br />intltrdinLt. btn ntu fin=rtzcl .o, tntiazot domain. utsatvtncy, cods enforcement, ar arrangtrntnts or proceedings involving a
<br />rrup# :r,~ d~;edsat, then Lzrader a: l..endsr's opting upon notice to &irrawtr, ma}• make such appearances, destrursc swb
<br />s+rtrse x'sd take st V``u actnur as is eea:cssuy ea praec# E.ettdet's mtcrest, in+:ludiag, but nc,[ hmittd to, disbvrsemzr+t of
<br />r€~os'ats#s attartttoy's fees sad entry sspan [hs Proptrr,- to make repa[r_<<. tf t-r-n+.1tr rtquirsd ntor[gagr insurance av
<br />cy~fir4rr of raking the loan stb:uitsi t,y tats Mongagt, Barrowzr shalt paY itrt oruuiums sequtred ts? maintai:: s,i:h
<br />zr~-xe in -r°se[# until silt: tame a; :tar reyuutmsat fax such ittsurtincc tv-rnnnatzs an ax;+;ordanee watt Baraowzr~s soft
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