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~°_`_ <br />t <br />tltsit+ottu Gnvttti%,r+z's. Horcawer and Letsder covenant and agree ax fellows $~+~ iJ ~{ <br />i, Ytsysst~tt of I'esact~a! sad Iaferesf. &;rrawer shalt promptly pay when due ibe princi{ial of avd interesE on the <br />itsdebtedrstss r•idencxd by fhe ;slate, te.:payvseut and late charges as provided sn the Nrne, and the c.ircipal of and interest <br />on any Erasure t?dvancts secured ba• tills Mortgage. <br />2 Ptrnds [er Tssras t~ laee_ Sttbjeci to appficab{a law or to a written waiver by Fender. Horrower shall pay <br />to Len~r t*a ttte day rnan[Ssly instaflmtats a[ prinetpet and interest are payable under the Note, until the Note is paid in futl, <br />a aturt t-herein "Futsds") equal to one-twelfth of ttte yearly razes and assessments which may attain priority weer this <br />Mortgage, an8 groutsd rentu on rise Property, if any, plus one-twelfth c£ pcariy premium irstai}ments for hazard insurazsce, <br />pion cat twelfth of yearly premium instalimenis for mortgage msttrance, .f stay, a[t ax reasonably estimated iniEially and from <br />time to time by Ixnder axt the basis of assessments and hilts sad reasanabk estimates ihercaf. <br />?he Elands shalt ise hxtd in an institution the depciaits or accounts of which are insured or guaranteed tsy a Fedtrai or <br />sate agexy tina:lttding Lender if 2 truier is sssch an institutionl. i,ender shall apply the Ft»ds to pay said taxes, assessments, <br />rtrauratxc premiums oral graved rents. tender nsav not charge for so holding and applying tht Funds, analyzing said account. <br />ar verifyittg and casmpiling acid assessments anA MNs, unless itndtr pays liorrawer intttest nn the Funds and applicable law <br />perm?ts L¢arber to make siseh a charge. Hat rower and Lendtr may agree m wntine at the time of execution of this <br />bortgage that interest an tFx Furtds shelf be pasd ro Hurmwer, and utdcss such aerecment is sn„-ode or applicable law <br />requites such interest to Ise paid, (..ender shall net i?e required to pas Harrower any merest or earnings en the Funds. [sndtr <br />shall give to Harrower, without charge, ;tn anmsai accnunung t,t the Ponds sfsowmg credits and debits to the Funds and the <br />putpesse far which each dtbit to [he Fundz was made. i'he Fends are pledged as addtncnal ces:unn• fer the sums stcured <br />by thix 3ortgage. <br />If rite amount of the Funds held 6v l.~:tidtr. tugettrsr with etit future manmiy instatitrnnn of Funds payable prior to <br />she due tEatts of taxes. awussnstnts, iissuran,x premmms and gnx;r}d rents. stall tzceed the amount rcqutrcd to pay said Faxes, <br />aaseatanents, insurance premiums and ground rents as they raft due, such excess ,hall !x. ar Fsarrower's option, other <br />priuap-t;Y re^a,.a~ is $ar;cwer or c: edits to H. [Tii1:'Er un zruattlt ;m:af;m,-nr c:f Eun3~ tf the asasunt .±f the Funds <br />cseld fay Lrrrsldicr shat! net be <_utTnzient va pey lazes. nsu:asmenim :tus;rran'.z premirems and ginuad rents as tlsey' Fall dot, <br />Bnrratver ahsdf pay to Leuder nay amcwru nectssarx rn nvshe up r}x delicicrac?~ u'sitfnm id1 dot's cram trine date nnai.ct as anailtd <br />by Lehder tea Hareawer rtqutskang payment €he:rea[. <br />LRpua paynxnr m foil of all suns secutcai by the !!tortgagc.. I_eu~nder ~..haltl e>r„tn.pd.y setund u:w IHslrr rowa~~r any Funds <br />r_,eid 6y ir»adcr. if wade: paragraph I'd htn'n£ the Propen} :a s<Jd srr tkcc Prnfx~rt'. us et't?crw'tu: aa~a;utsed by Lcunder. I..ender <br />sisutia aPPly, ~no later than irnmtdiateSp+ pri xr ra th~t ,ale r~i the Pr~ola:r'rtq~ or li u' acy;uasfuan hg Lrndur, any' Fadmtis' trued by. <br />Leader at th,e urne of appiicztiea as a +: recut sga:nrct ttx ~~;um+4'+e:;.;rau ~h}~ thou IA•t.}rugagv~. <br />3,. -',p~I4esS3oe ~ IPayaaes,m, t nltsx aaplecah3c law prn?i rdeu a,iheru i'cc^. +slk paxme•nis rcce~aved b+r l,enda^r uncltr tht <br />ti'urt and paragraphs : atsd ~ Esertnt ahal} t>e app'}ed by t.c•.rider f;rst sn pa~'mem .'•; asn:;i=nts pa!:.tbtc '!., i ender by Hrrmwtr <br />udder paragraph . heroot, then to mtetext paYaisfc „n tlir emote. !htn i.+ the ,,rrui+al :,~ the ^.,ua• :n,t t%ien :o amerrst :md <br />pntsrspal ar. any Fstture Advatsccs. <br />i. fiharRea: Lisge. Harrower al:;, `--. eft r., u4....4i•ssrxnts and ,yhr, .n.n py_',. !_, i :mp.,,u:.,ns ,iun6,.tiahi,: to <br />the Pmpery wkxi; saaq• twsna pra>ntt .,e::t th:: bi.n lungs..: r,d l~asfiz~l;i t,a meters ,:r ~; :;ad !a?its. !f env, rn the raan:ier <br />pttsvtdcd under paratraph .". 7-,errui :+r. -: x,d in ~.t}ah n5anne+ in H.v r;,~.a a•a rn:ti,:n>v p,t,~nunE. ~.v trrn due..l:tcotit- t„ :hc <br />pags~ the~cc£ ~rrrou-tr shah prnmp:i~- fermsh ;., Levi-xr :til ::oast, nt .:rno-unt~ d:nn =,ndtr is l,aragrxph. anal m the evem <br />Harrower shall tnakr parrt.eni du cabs tion'r,uer ,hail t ,ml,tl, ,:}ra.h ,. ..*,dtr :-. ;pr. ,. vrdena: usg utsh pat nicut~ <br />Scurs'+sse: shall rittttnativ disvharsr ars+,~ :ter, ~:., n Iis~ . -its :.a- t 'al ~3-••° '-•.iay €4.;rr,-. - i .., 11 r_ _ -_ <br />rabivarcn9 tas d:ea.iaargc s ml; ,., lr .. -,.r >, ..- , ~ .. ~'-? ~ , inar+€ rhl:c.ei. r .tad ~, <br />,.e..a :;en :+t :mar. rxr a;4r,abat -,', _cn+ser_ . ,,, r g :..,W :i,_t . rate, , .. f, , . , . ,.r ,;cteii 7 . ,, .. acma.ti ,•an late .n. <br />lega9 pr4breaE+ngr. v,'n,~~. ~ arc t,;: , rk:,.-...hc „ i,.._a...ri .. =ha ~ ,~" .v leer f °.rt*ertY ,rr :.: I. <br />.,.~. ... .. iMue.~F <br />S. 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