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<br />Uxxr<att:3 Con~v.stvts. Borrower and Lender covenant aril ogee as follows:
<br />2. Psymtn! of Trb sad Interea2. Borroxtr shall promptly pay when due the principal of and interest on the
<br />ittdtbitdtt°ss evidenced by iht Mott, prepayttient srtd !ate charges as prin*idtd in the Note, and the principal of artd interest
<br />on any Future Advances secured by this Mortgage.
<br />2. I? for Ttaes and dsimeaace. Subject to applicable law or to a written waiver by Lender. Bortower shag pay
<br />to Lender on !ht day monthly ittstatittxnts o€ pritic!pat and }nearest are pagabk under the Note, untiE the Note is paid in full.
<br />n slim (herein "Funds") equal to one-twelfth of the yearly taxes and asseurnenis which tray attain priority over this
<br />Mortgage, and ground rents on the Property, if any, plus ane•twelfth of yearly premium instal(ttxnts for hazard insurance,
<br />plus otfe-twelfth of yearly premium installments far mortgage insurance, if any, al! as reasonably esiitttated iritiaBy anti from
<br />time to tittle by Ixnder on the !saris of assessments and hills and reasonable estimates thereof.
<br />The Funds shat! be 6e]d in an institution the deposits or accounts of which are insured or guaran[xd by a Federal or
<br />state agency tinc(ttding Lender if Lender is sus:h an institution). [..ender shall apply the Funds to pay said~tazes, assessments,
<br />insurance prtmiurns atxF ground rents. Lender may not charge for w holding and applying the Funds, analyzing said account,
<br />or verifying a.nd carpiling said assessments and bibs, unless t.etider pays Sortowtr ioterest an the Funds and applieaWe taw
<br />permits Lender to make such a charge. Borrower and Lender may agree in venting at the time of execution of this
<br />Mortgage that inteeest on the Funds shall be paid to Harrower. artd unless such agreement is made or applicable law
<br />requires such ioterest to bt paid, Lender shall oat be required to pay Borrcwcr any interat or earnings on the Futtds. tender
<br />shall give £o l3orrowtr, without charge, an annual aceouming of the Eundx showing credits and deitits to ttte Funds grid the
<br />purpose far which each debit to the Funds was made. T'he Funds 'ere pledged as additional security for the sums secured
<br />by this Mortgage.
<br />ff the amount of r)~ Funds field by tender, tagefhet with the future monthly installments of Funds payable prior eo
<br />the due dates of taxes, assessnxnts, insurance premiums and ground rents. steal! tzceed the amotmt required to pay said razes,
<br />asssssrntn*_s, ittsurarce premiums and ground rents as they fail due, such excess steal! be. at Borrowers option, either
<br />orompUy repaid to Borrower n Ue<i~ !a Barr___ ~.. titanth!y instal!::zti:.ts of Funds. tf he amount a€ ttte Fug
<br />held by Letttkr shalt not be suf&cimi to pay taxes~aasessments, iasurane:t premiums and ground rents as they faH due,
<br />Borrower shale pay to Lender any amount necessary to make up the dehcaency within 30 days from the date notice is mailed
<br />by Leader La Borrower requesting payment thereof.
<br />Upon payment :n full o€ a!! sutas secured !sy dvs Mortgage. Linder shall promptly refund to Borrower any Funds
<br />held kay fender. if under pazagaph Its hereof the Property is sold rrr the I'rapeny is otherwise acquired by Lender, l.erufer
<br />shall apply, no Later than iinntediatety prior to the sale of the Property or its acquisition by Lender, any Funds held 6y
<br />Lender tit the time of applicatioa as a credit against the sums secured b}' this Mortgage.
<br />d. AppHtatiae d Payaenls. Unless applicable taw praviaies o[htrwise. al! payments received by Lender under the
<br />Nail and paragraphs 1 a~ 2 fsert~f shall be applied fly 1-ender fiat in pay°ment of amounts payable to Linder by Borrower
<br />under paragraph Z herevt, then to interest payable an the Notc, then to the principal of the Note. and then to interest and
<br />pri:icipat an any Future Advances,
<br />~• ~isatgex Saari. Botrasver shal3 pay ail taxes. assessments and other charges, fines and impasiiions attributable to
<br />the Property which may attain a gnority over thss Mortgage, and teasehvtd payments or ground reins, if any, in the manner
<br />provided titidcr paragraph 2 hereof or, sf oat pa,d in such manner, by Harrower making payment, when due, directly to the
<br />payee !hereof. Borrower shalt gmmgJy furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />I~rrow-er steal! make payment directly. Borevwer shall prvmptly fumtsh to Lender receipts evidencing such payments.
<br />Borrower shat! grvrsgety discharge anY ilea which has prtonty over this Mortgage: provided, that Harrower shah net bt
<br />required tv discharge any such lien sa tong as Barruwer shall agrx.~ m v,~rntvg to the payment of the obl;gativn secured by
<br />such :€€n 'iu a'-1"•atint= at~ptable tc Lenikr, ar shall in guaci Caith cante,~t such lien by, or defend enforcement of such lien in,
<br />legal gr~eedirigs which operate to preveat the enforcnntnt vt the lien ur fvrfcuurt o! the Property ar any pan thereof.
<br />9. fia:ard Is3anrsace. Horrowtz shaft keep the smprovemenU now existing ar htrtafter emceed en iht Property sn tired
<br />a$ainsi loss b}' €tr-, ht:zards itre!uckx! wrthia the term "exundcd savcragr '. and s-.sch other hazards as Lender may require
<br />aztd in st;ctt atucwnu amt far sttct± periods $ Lsndtr mxy requis e; grovidtff. !hat !_tnv~r =teat! net re:tuirt that the ~'ttour,! vC
<br />sash ,ovtrag-c excel tl]ai amount «f covtragt s'eynirtd to pay the sums aria red by this Mortgage.
<br />`_~ =nau. ~.rt: ca.;;~ --v id:ng c_`~ :fur ~nc~ sh?2! n+^ ehe.~n by Borrati~r ._, ,c: app: ova! Lender; pravicYd,
<br />thae such agarara! shall notfbe unrtasanablY wiLhhttd, At! grenssums an insurance}lx lic:ts ~t!ati t+e~naid ;n the matitrcr
<br />provided under garagcaph 2 2s€ret;f at, if teat paid in ssuh mar»ttr, by Borrower mttkmg payment, when due, directly to the
<br />insurance carrier.
<br />All insurarut pollster and zetiewals thereof shall ht ir. form accepiabk to Lender and shall include a standard mortgage
<br />clause in favor of and in farm autptable tv Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />attd Borrower shalt promptly fwnish to Lender a!1 renewal notices and all receipts of pa;d premiums. In the event of foss.
<br />Borrower shaft give prompt noti:.e to the insurance carrier and Lender. Lender may make proof a[ loss if not made promptly
<br />by Borrower.
<br />Uttkss Lendee sad Borrower mhemise agrce in writing, insurancx prtxecds shall bt applied to restoraivu yr repair of
<br />the Property damaged, provided such re5wratian or repair is ecerwmicatly CeasiMe and the security of ibis Mortgage is
<br />not iliercby irupairtd. f£ stub restoration or repair [s sot ecanamically feasible yr it the security of tats Mortgage would
<br />ht impaired, the insuratit:t proceeds shat! 6e applied tv Ute stuns secured by this Mortgage, with [he excess, if any, paid
<br />fa Bartawer. if t_!+z Prar.tty is aba.:dats^„a. by Harrower, ar it Parrowe: fails to resealed to f.erider witft;ns0 days from the
<br />date notice ;s mailed by F.ettdez to Borrower that tbs instuance carrier oHets to stale a claim for insurance benefits, i.ender
<br />is atititprized tc collect and agcy the insurance oroceeds at Lendei s optian either to reatnraaon or repair of the Property
<br />or to tkre sums stcutt~l by hiss Morytage.
<br />Unks Lea+ier attd Borrawta otherurise agree m writing, any such apppication at proceeds to principal shall not extend
<br />ar pvatpane the dtx date of the monthly insiailrtetnts referred to in paragraphs 1 amt 2 fitrtof or change the amount of
<br />s,ch iutaftmtnts. £f ttitdat paragraph lg hereof the Property is ttequved by Lender, all right, title attd interest of Borrower
<br />in and to any itssurattet paliei~ and io and £v the proceeds iherwf resulting from damage to the Property prior to the sale
<br />or acquisition shalt pass to Lender W dtt tz£Cnt of the satin secured by this Mortgage imrrzediately crier to ssuh sale or
<br />acgtstsition.
<br />~' f'"'~z°~ ~ M ``e ~ ~aFie~S: €a'a~dt;: ~oxdominiueas; Pleased UttN I?evefopatnts. Borrower
<br />stall ket:p ttu Property i:z good rtpaiz and shall rrox comnsit waste or permit impairment or dtterioratioa of the Property
<br />ate than comply wiW t~ ptavisions ~ any least i€ ibis Mortgage ss on a leaseha)d. If this Mortgage is on a unit to a
<br />inium ar a plannesi unit devtloptnttu, ~rrowet shat! perform sit of Horrawtr's obligations under the declaration
<br />ar covtttants creating oz govtening the condominium or gunned unit development, the by-laws and regulations of the
<br />crntctc??i~tgrt rrr p~nimt2 tittle dmvtLnpment, and uimlitt~nt documents. tf a evndaminitxu ar planned unit dtadopntent
<br />rSdc.:- s-,r~t tsu sue,-r„>y.H, ~,,.t ~..~.~t~t ,,.~.t,,,_ ,..
<br />-= ~ .sb-....,o. ..:ti` 'h: my a~.9g'c, i`sR ctirrgani5 dna' a~~..TC2mtn t% ai SI1L'it iidtr
<br />aFxatl bt irseoeptxated ?nio alai sJsaid amend and suppltmtut tixe~covtnants and agretmtnts of [leis Mortgage as ;C the rider
<br />were a part hereof.
<br />S, ~ rsf Ltadl+sr`o 3kcert2y. if Batrawtr faits tit per€arm the covenants and agtemenis wntained in !his
<br />ll3tut,~;t, or tf stay aittt~i or prtv':~eding is cemtitetittd whisk matt»aiiy affects I.endtr's interest in the Property,
<br />^~.~•.~%tg, iw:t iz' #imikxl ic, tnsinerd domain, irtsolvertcy, cvdt enforcement. or arrangements ar procadings involving a
<br />t~trtcp£ or dt~+tsni: t$teu S,r at Lendti°s option, upon notice io Harrower, may make such agpearatrcts, distarr~ suet,
<br />acF=~.• ::.a toile a=,tev as~sm! ax it uttessaty to prvttc:t !.tttdtr's enrertst, loci
<br />utfu!g, but not broiled to. disbursement of
<br />i-.:~..!s: :e a£tor~p"s €tes sad :.tstry upc~rr the s~roptrty to make repairs, tf I.cndet' required ttn7rtgage insuraucc as a
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<br />ter- .i,rda.n. tenoax~:_ rs asd
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