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80 c~Ci~~.'S
<br />UNIFORM Covsrrenrs. Borrower and Lender covenant and agree as follows: -
<br />#. Payment of Pritulpat and infest Borrower shall prcmpUy pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on ary Futurz Advances secured by this Mortgage. -
<br />2. Fetes for Trues and Inwrance. Subject to applicable taw or to a written waiver by Lender, Burrower shall pay -
<br />to Lender on tha day monthly instalirnents of principal and interest are payable under the Note, until the Note is paid in full. -
<br />a sum (herein "Funds") equal to otte-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Mortgage. and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance. -
<br />ptus orre-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from ,
<br />lime to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution thz deposits or accounts of which are insured or guaranteed by a Federal or -
<br />state agency (including Lender if Ixnder fs such an institution). Lender shall apply the Funds tapay said taxes, assessments, -
<br />insuranice premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account, -
<br />or verifying artd compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law -
<br />ptrtnits Lender to make such a charge. Borrower and Ixnder may agree in writing at the time of execution of this
<br />Mortgage that interest an the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt nor Ue required to pay Borrower any interest or earnings on 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 are pledged as additional security for the sums secured
<br />by this Mortgage. ~~
<br />If the amount of the Funds held by lender, together with the future monthly installments of Fssnds payable prior to -
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />hid by Leads: sh ; oat be stuff ent io gay taxes, assessments, insurance premiums and ground rents as they fait due, -
<br />Bonower shall pay ao Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed I,
<br />by Lender to Harrower requesting paymen[ thereof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds ~'~,
<br />he€d by Lender. If under pazagraph 18 hereof the Property is sold ar the Property a otherwise acqurred by Lender, Lender ~,
<br />shall apply, na later than immediately prior to the sate of the Property ar its acquisition by Lender, any Funds held by '
<br />Lender at the time of application as a credit against the sums secured by this Mortgage. ~'~
<br />3. Appl;catFon of psytnents. Unless applicable law pravidex otherwise, a!I payments received by Lender under the ',
<br />No[e~ and paragraphs t send ~ hereof shall be apphed 6y Lender first in payment of amounts payable to Lender by Aarrower
<br />tinder paragraph 2 hereof, then to interest payable on the Note, then su the principal of the Note, and then to interest and '
<br />principal on any Future Advances.
<br />4. Charges; Lieu. Borrower shall pay all taxes, assessments and other charges, fines and impositions anri6utable to
<br />the Property which may attain a priority over this Mortgage, and Icasehald payments or ground reins, if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Harrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all nouces of amounts clue under this paragraph, and in the event
<br />Borrower shall make payment directi}~. Borrower shall promptly furnish to Lender reczipts rvtdenang such payments.
<br />Borrower shall promptly discharge any tiro which has pnorin• aver this Mortgage: provided, that Barrowcr shall oat tx
<br />requixtd to discharge soy such lien w long xs Barrowcr shalt agree in wntsrrg to the payment of the abl+gation secured by
<br />Susih lien in a manner acceptable to lender. ur ,hall in good faith contest such lien by, a' defend enforcement of such Lien in, -
<br />fegal proceedings which operate to prevent the tnfarcemrm of [he hen r,~r torfenure of tfte Proprrty or any part thereat.
<br />5. Hazard Inauraece. Aorxawer shalt keep the +mpravemrnts now existing ar hereafter erected on the Praper[y insured
<br />against lase by fire, hazards inclur-kd within tfte terns "extrnde.sl a•over:rgr", sad such outer hazards as L-rode-r ntxy rsyu+t~:
<br />and do such amounts sari fee such periods as Lender rosy inquiet; pruvtdcel. that 1_etrdtr shall nut require that 'the xnraum of
<br />srazheovarag,exzrtd €hat an;aunf cf cavezagg required to (.ray rht runts ;v.ecured by the<. A£argage.
<br />The insurance; carter providurg the insurance shall bt: chosen hY Borp'ower subjrS^t to approval by Lender, pravuied,
<br />than sac; approval shall aos ~ u;,rGa~aaabty withheld. Alf prrm;arsss ern r4~fitlts =hall t~s' paid -the rnannes
<br />' in-urance 't-
<br />providrd u,..ae. paragraph 2 hereof ar, of not paid in such manner, ny ~rrawer snaking payment, w;~~n d1te, +dsrecrly so the
<br />i[sursaze zanier.
<br />All insurance policies and rettewa[s thereat shall t+e rn larm aecrprable to LenJrr anJ shalt utchtde :. standarJ mortgage
<br />clause in favor of and an farm acceptable w Lender. Lender shall have the nght to hold tbt polictes anJ rtnewxls thereof.
<br />sad $ormwez shall promptly furnish to Lender alt renewal nouces and ail recespts of paid prravums. In the event of lass,
<br />Harrower shall give prompt notice to the insurance earner and Lender. Linder mac make proof nt foss sf not made promptly
<br />by Borrower.
<br />Unless Lxndtr and Borrower otherw rse agree in wrung, ursucancr pn+ccrais shall be appbed to testae anon ar repair of
<br />the Property damaged, provided such reskuahan or repast +s ccvsramtzaily feus+blc and the secunty at thin Mortgage +s
<br />scat iharcbY impairexf. If such rrstarauo=~. or rtipatr is nut ecununu~xliy feassbk ar tt the recur+t} of shts R#artgagr would
<br />6e Impaired, the msurantcr. proceeds sha[I fee apphed so the sums -'cured h< ths+ ~9ortgage, •..-nh the cccesc, if any, paid
<br />ro Borrower. li the Property is ahandonrd by Aurrower, rr d Harrower Yarly Yo respt?nd n„ C_ender wlthw 3U days tram the
<br />date r,atizc .s nrxiled by (.ender to Borrower that the +nsurance rattler oPirn to aenir a ciaun for +nourance fv;neiits, Lender
<br />is auklrorized to collect and apply the Insurance prozrads xt Lendrr~s opuoa p~_uher to rtaturauan or rrpau of the Propcrt>-
<br />or to the suers arcuxed by this Mortgage.
<br />l.4nkss f.endtr and Borsvwer other5vlsC agree +n wtrung. any such apphcauen .+t proceeds so princrpal shalt no[ extend
<br />ae postpone the due date of cite manth[y installments ~referrrd nr m paragraphs 1 anJ 2 hereof or change the amount of
<br />suzlt iustalinxnts. It under paragraph i8 hzreat the Property ++ acyuneJ by Lwrder. ail nght, title and mttrest of Rorrowzr
<br />in and to any insurance paltrier and in seat to the prucrafs thereat reaulung tram damage to the I'rap:rty pt+ur to the aair j
<br />or aCyLLibiitan sha31 pass to Lender to the txttnt of the sumo soeut~~ri F±y lbis Mortgage immtshately pear to such sale or
<br />?~tu.itwn. i
<br />h, f'retervation Msd :N~atenawe of Pt~rty; Lrsx~hattts; (brrdnmlalurns; Platrmd (!rift I)evrtopmrats. Aor rawer
<br />shaft keep tits. Property in paw repair and shall not commis waste ur ptrmtt smpairment ar Jettriorauon of the Property
<br />and shalt rrmpiy with the grovrssans of any tease sf thrs Mortgage +s ore ., leasehold. it this Mortgage i; on .. unit in a
<br />c~idominiuttt ar a planned unrt dtvelapment, &~rrawer shalt ptrfornt alt of Borrower's ntrhgatians under she dcelarauon
<br />or cavrnants zrrating or Raverumg the condamuuum ar planned uuu drveinpment, the by-laws and mguiatknm of the
<br />tvrwamintum ar pianuad unit devciopmant, :end conatilucnt tlaeumrnts, it a cwrJcnnuriuur or plsnntd unu devrlapmm~t
<br />ridzr~ is rxezuted fry Borra;ver and rr~:crrded toRethzr wsth this Mortgage, the cavrnants and ageeemtnr, of .uch nder
<br />shoo ire iacatporated irrfa amt shah amcrid and suppfenttnt the, tovtuants and agreements of tilts is#ortgagc as It Urrc ndrr
<br />were a pall heraaL
<br />7. Ttefeslk9n af. Letnder'a Sceeriq. It Harrower fails to perform the zavenanes and agreements camatned in this
<br />Mangage, ar if aqy actsart ur prazcsdiarg vs coatmenceJ which materially alteztx l.emter'o interest in the Property,
<br />rtcaudtug, but not limited tu, emirtcstt domain, knauiverszy, acxft enfarrrmant. nr at rangnrxuts os pnkeedings nrvolvtng e
<br />Muoicru}tt ar dctcdrnt, thou Ltnxlar at l..eaaier's spoon, upcrr= naricn to Barrowcr, ma} s:takt suUh apprararrct., .h-,iwr:tc su.;h
<br />serous and take atµ:h action as ss tx¢ces.sat}' to pr;rter:t Lrirrder's smrrest, rncludrng, true ncH iinutrd tu, slsrhurxenrent at
<br />xaatsanat+lc atuamey's ftt:s sari entry ulwn the Property to make npalrs. tf Lender requiteu mctngage :usuratur as x
<br />ecatdifiun of tzuik.rtkg the loan 5ecurid Iry stirs Martgat{e, Bancr;.r[ shalt pay the premiums rcqurrecl to nraintarn cuvb
<br />i= ~ w'~= - - -: '.F ~ _~ E~~ -_a €~~ ~cyx2S~~L; l .L`4F '-x._513, a.~a~e -~_~=U: a_~'S i. ;sLGiS:L@:ti:F x#t=F Pc'Fri'Wfr'i n:l
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