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Llxrroat•n Covp.,un*:'rs-. Barmwar aad Lender cvve:.ant ar+.d agree as fn':!nw;: <br />3. Yayzntut of P~ipal its ltafrrts;. FFvrrE aer vdtafl pr!rm¢tfy pa;- v.?+~n a u- the arincipai nF and iretzresi za tF,c <br />it5deaxedtte:a crv~idexed ;sy the ?4ote, pttpayment and late charge. as grovidtG is the :time, and the principaF of and interest <br />on any Future Advances secured by this Mvrtgage, <br />Y. Ft~ tar rases ~ Iasaraaee. Subject to applicable law cr to a written waiver by Lender. IIvrrvwer shah pay <br />to "t~ndtr on the dap trtonthly rnstaitments of principal and ,merest are payabFe c;nder the tide, until t he tiote r, paid in lull. <br />a sum (herein "Funds") equal to one-swelfih of the yearly ;axes and assessments ~~.#: ich ma>'~ at>.ain priarit}~ over this <br />'t,artgage, and grouted runts on fix Praperty. tf any. plus one-twelfth <:f yearly premium tnstailments fur hazard insurance, <br />plus oce-twelfth of yearly premium mstailments {ar mortgage insurance. rf eny, ail as rzasvnably estimatzd initialFp and from <br />±irrre to time try I..trider an the basis of assessments and biFEs and rcasanahle estimates thereof. <br />?~u Funds sha37 be held in an institution the deposits ar accounts nt which are insured ar guaranteed by a Federal or <br />stmt agtrxy fitieluding Limier if I.endzr 's such an instiiaitcn i. (.ender sha'.t apply the Funds to pay said taxes. assessments, <br />insurance premiums and ground rents. Lender may no[ Charge tnr so hotdin¢ and appiymg the Funds, analyzing said account. <br />or vt fyiag aad ~r,::tpiling said assessments and hills, unless Ixnder pays Horrower interest on the Funds and appiicabie taw <br />permits under [o make such a charge. Harrower and Ixnder may agree in wriung at the time of execution of this <br />Mortgage that iateresf on the Funds shat! t?c patd iv Borrower. and unless such agrezment is made or appliczble law <br />requires such interest io be paid, Ixnder shat( nrn be required to pay Horrowur env interest cr earnings en the Fends. Linder <br />shall give to Borrower, wii_heut charge, an annual acu>urt~ng of the Funds ,h.+w-:ng credits and debits tc thz Funds and fhe <br />purpose for wheels each debit in the Funds was made. Ilse }'ands are pledged as additivna3 security for the sums secured <br />b3" this Martga~. <br />if the amount at the fiends heed 6y Lender. Ingather with zhe future monthly rnstailmems of Funds payable prior to <br />the due daces cf razes, assessments. insurance nrzmtums and ground rents, shall e.*.ceed the amour.[ regairzd to pap said Lazes. <br />assessments, insurance premiums and ground rents as they (ail due, such enczss shall be. at Horrowers option, either <br />grampt.y repaid to Harrower or credited ro florrowzr an monthly :nsta!tments of Funds. ff the amount of the Funds <br />h:dd by Lender shall not be siri#icient to pay taxes, assessments, insurance premiums and greund rents as they fail due. <br />Harrnwer~Fl pa.r so irt,d_r ~ ...~_..~ . .. ,,,rte ,,,, „~,,..:e. .....r, .+., - - ,rum „ie da,e ants .s ,,ailed <br />lay Lacuder to Harrower regetesting payment Ihzreot. 1 - - <br />LFpap payment m full crf aB sums secun:d by this tularteap;e. i cr:der >hall promptly rcEtcnc't to Basrrower any Funds <br />hslct by Iacndar. It innder paragraph 1>r hereof the PraTpetty :s ,tNd or the F'ralr~.^rn~ rs otherwzsu: acquired by I.zndzr. !.ender <br />she€I apply, no later ifs.in immediatzt<y prior to the =ale. of the Prnpens ::r rrs acqu:sruvn by l.zndar. auy Funds held by <br />L,znder of the tltuu of ;itpp&icatian as a credit agauist Ihe: snnun secured hr chin ',htortgagc <br />3. A~ppllsrffiF®a ot" Paymeaig. tJnkess opphca6€c law I:, rs'r::,dc^. uttn¢:rwice. oat p~nvm~e;ats received by Lender under the <br />!sFote and parrsf+sraphr~ 1 and ~! hereof ,hat: he apphcd by fcrtillcr lint err qu:smcnt of amounts payablz to LE:nducr by Horrnwer <br />tir~ude~r p+arap{raph ? tecreof, ttaen to interest payable ,rn the VCUU:. d:crt ;ar the pc:nopal of the Ncote. and thzr_ u: interest ar:d <br />prinegsai r>'n ar:y Future Advances. <br />i. Chargest LFans. IIorrower ,hail pay all r.,sz,_ a,~r„menu and orthcr r-barges. fines and unpnsioons uttnbutable to <br />the Property which may attain a pnority ever less 3fcrteagc, .uxd Ica>ehold paymaris ,+r mound rests, if any. in the manoer <br />pros°„cd -ur„c-r paragraph ? herzof oc :r nut pied m ,uch m:mner. 'rs Houma er m::kmg payment, when. due, dtrect3y to the <br />payer ttrereot. $arrower shall promptly furnrsh to [.ender alt runces of .:mounts uc under thn paragraph. and in the event <br />Be?rrower shall make payment ditectiy. Burrower .hall ;=rvmptly rm:,h as Ir_nder receipt. ec:dencm¢ such payment<. <br />Horrawar shalt promptly disehaagz any i:en w-bleb has pr:rrr:ty .+,cr ~n:s `.iort~agc: ,+n:v:,ied. ;hat Horrower ,halt net he <br />requ¢ed to drse.harge any such lien ~ tong as Hurnxwer .half .acres m ., r the pxynsznt ni the ol6guuoa secured by <br />such lien in a manner accentabtc !c Isisder. or -hail :: j.+~vJ 13:rt; ~„ ~~ + ~.:to~.~~:,.~* ,,. .,:ch Si,r. <br />legal prcrceedtngs which operate to prevent me cntarcennn~ ,+1 ++oe r - loci silt r they+F'rel^rerty -r ens hart thereof. <br />~. Ff[aaard 3twvraacc. f~rraw~cr <hail Acep the :m F',n.+s s-r;rcr,a+:~:,:, vtrsun ar hCS SOU to etzctud t+n the Property m.ur~d <br />r; <br />a,ga~ir~ssM1 teas h*,r~ ftra, ha'saids incitsded wrthan the perm 'later:c'lc,l Kati--erage - ~ d xr.h other tvaa<trffs tt~.t l.cztdc)r asay regmre <br />srtKF 113. Such atY9i'+unt3 ':Inxi °.et su:;h trer:Uds :.. u~itic, rn:zr,..~ u.. _: c!r- d- h= : ,••~r ,h_ --:: -~i:r •.. :~..+ .ti_ , :,• <br />ueh.~.rrvrc;rUgecs+ccdthasunsoun I _tc.ag -cue:rzd ~ ~::r..:_ ., ,.,,:ref - :hr..t rM1,- .. <br />'lase _~rsitas .yr.~r n.r,t~i: `+. -. .. -,~ i e -~ ~„ r ~., ~ - r-° i - _:- _d. <br />fha resew hr.t+. v.u anar€ net he wrr'eas+,rmbi+ ..athh:.ld ~~ sl hru4rum, ot. ms,u au.... {h?I:s,c.. tali r^e p~iu u. tie emm~ner <br />- -Her? L.,f#ir psaFa;3S,_~.. _ ..... ..... .::f- .. :tit .'„ ... „~iwh `1 i.snn.: r, 1 ,r,,. r,'v+i-i ri - ~~r rra "{3..at. - .:..r dkEt. :.___€} ' <br />tti!F'tlrap`ie C+SSrier. t, i.._ <br />.~Il ir~ufartce pcdre[cs and renewals therein sisa,ii Ix n: loon .:cicptablc to LcnJc: ,+!,d shall ur~h:dc ~ stendani morty;age <br />clause in favor of and in farm acceptzt+k to F.cudcr. ..rndcr ..,,,,i h:ue the ru;ht n: hold the p~-.iiom, .aid ronewed, rtrcrco' <br />and 33arrawer shall pramnptiy tarnish to Lcoder nti renew al ruuccs mxi akl rc: ripe aI paEd pmunurn In the c:znt of Ire,,. <br />Hrrr7ower shalt give prontpt ucuce ro tfse insurance ca rrrer and Lender_ I ersiar ma} n..rac pn,,,i or its, d r,~t :trade prcn:pN; <br />hp Burrower. <br />i.[tdess Lender and HDrt'vwer athzru ssu agree m ~*, rrr:ng. u:sura;:~c p: ocec.is ,hail h~ upphed t,. rescornuou t,r rr_patr of <br />the Prerpcrty dama{;ed, prvva:ed >uch restvraRUn of r;:pa:r :y ca :_ <aIF} n-es:hle -,nd :ire ,ecur ny ul thts ~lertgage !, <br />not t;x;raby impaired. It su$ ffisl:xrat:UC. or repa[r a o,;l ex, m+nuc]ais ;mac:.!h}e .u :: the sccutny ut thES `~lvrtg::ga :+~ou{d <br />be iwgstu_rad. thus° insuraac-e proceeds ..=.hall 6e app,`red ro 1hc~ sm;ts >ctared 6v t his ?iengago, +x:th the excess, if :my, paid <br />to Ilarrawar. Lt the Property ss aba+?dnn:h; by Ha(rJwer. o-r ,t Borrr;+,tr i.e:£s .o rs-ax,rid to l.erder within 36 dap Lrsun the <br />dauz notice is matted by ir:ndar to Burr.+wer :.hat the insurance ..,: tier ;,!errs tr, setsie :: ,:ia.nr fur insurance henetitn, I.crrdcr <br />.,, -ut::c>rG'ed te, eo,lc,a aad a;-;:iy t'e a?.urancr I:ri,c;es;ds ~. Lrnuer~s cpuon either su restorauo^ or repair of [ne t'roperh <br />or to Ikte sums tiacated !iv this :blartgage. <br />Finless Lc~lader and 13ortuwer nihcrsv i.. agree u; o.rd mg, sin +us., ,, p;nc~n:ioc ,d p:rws~cds tc isnits: t>3i ,h:,tl r.oi rsiend <br />,ygare the dzra date of the tuv[sfhiy inssa!inseut, : -: v, rrd :.. m fiar,gr sphs .. ..! hereof ar <hanoc the aan,:,mt ..: <br />su;h instaiiznernts. Ft under paragraph i ~ heressi the Pn+peris .. ~uwreu he 2AnJC; ~ ail right, title cud :nte:est r,t Nor; s,w e: <br />v°_ ant€ip xn} asu;an.e lwtkies and in m[d to tf:c pc n.er,t, a7tcrrot rcautung imrv Jemegc t„ the ?ru~rty pn.r: to the ,.,s <br />trr acgtlisition aka-.ti pass to Lender ;o the vx;ent oY the ::utna sxure,l by th:, iia; tg~gti ur.:ueslrucsy pout :,, _rci laic or <br />acgttisitwr,. <br />~ >4~_ms.tau °~ '41~Lrrsess :~t t'r::~ _ _,_ i- e±-; ! -a;tL. u~.'i3 .~.~ - .~- <br />s~srl ICiEa tIk' Pr(,pertti t~ - ! ~ _...;:. ~ ,. <br />g+:xrot1 r._x+a , aatd st a 3 0 .. -,[., su - z_ - :- - s s ; e, - - 1 t - <br />--,.d ~e .ruf~r i.trYr -rze prcrviwurs _, any ease ,- tr:r sFo; tgi~c. -.-:.. ... ~,,,.-d. 1. f n. ..io,tt:s,. ,. n. ir... <br />ce-miEs:riainarznr s+. a z3arzt.ed tint ::evel,rpnirat. Isvrr<,we: ;hats p.~rtr+tn...il r;~Ho: t,.„<°r. ,,hi:gat:on, : r,slcc tier ,lzii.u air,+:a <br />i~ aeva_vasr.s v:,zaareg - xveru; s~ ,he _....,- n ~,:,. , , .,u..,~u i~ . .~, .. 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