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L'srn~tx COF'E?iA;YTS. Borrower and i.ender cavensm and ague as follows:
<br />€. Ta7eswr ~ 7!tlneipl tN Lteraai. Borrower Shan promptly pay when due rte principal of and interest on the
<br />:~trte~ evidenced 6y the Note, prxpayttxnt and fate chargts as provided rn the Note. acrd the princrpa! of and rmereu
<br />on arty Fture Advances secured by this Mextgage.
<br />2 Fonds Eer Trues ant Ewsee. Subject to applicable taw or to a written waiver 6y Lender. Borrower shall pay
<br />to €,entfer on tf~ day monthly :trstalimems of ptfnt:ipal and interest are payable unrler the Nae, until [he Notc is paid in tun.
<br />a slam (herein "Ftm~"} egvai to orwtweifth of the yearly taxes and assnsments which may attain priority over this
<br />Mortgage, and grotmd rents an else Properly, if any. plus ono-tts=clfth a! yearly premimn irtnaflments for hazard insurance.
<br />pros otse-twelfth tsf yeafly Premium ittstaHitrents for mortgage irtsrtrance. if arty, all as reasonably estimated initially and fran
<br />tine to titrtt by iutsder rm the teats rd asaasments and bills and reasonable estimates ihe:mf.
<br />The Fonds ahan 6e betel in an institution the deposits or accounts at which are irrattred or gwranteed by a Federal or
<br />state agency rincitding Lender if Lender rx such an institution). Lender abet! apply the Funds to pay said taxes, assessments,
<br />rrntrrance premiums amt gmund reins. Lender may na charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said asusstnents and bins, unless Lender pays Borrower imercsi on the Furls and applicable law
<br />permit Lender to make such a charge. Harrower and luttder may agree rn writing at the time of execution of this
<br />Mortgage that rmerest on the Funds xhall tx paid to Barrown. and uMess such agreement is made ar applicable law
<br />rcgvires strch interest to ix paid, Lender slraA red be requrrcd to pay Burrower any interest or earnings on the Funds. (under
<br />shaft give to Bortawer, wit6mtt charge, an annual acr:unirng of the Funds showing credits and debits to rite Funds and the
<br />purpose far which each debit to the Funds was made. iLe Funds are pledged as additional security for the sums secured
<br />by this Mortgage,
<br />if the artrount of the Ftmds ttdd by fonder, trt~thee witA the fusure rttonthly instalhnems of Funds payable pnor m
<br />the due dares of taxes, aueaments, itrwrance prcmrums and grourd rents, shaft exceed the amount required to pay said taxes,
<br />asseaanxnw, insurance premiums std ground rents as they tall due, such excess shall be, at Borrower's apron, either
<br />pnxnptfy repaid to Harrower ur credited to Harrower nn reronthty snstal{ments of Funds If the amount of the Funds
<br />held by Leader shalt teat "x sttfftcieni to pay taxes, asseavnet+~. insure re pxmrums and grated rents as they tali due.
<br />Borrower shad nay to iurder any amount rtecessarv ro rrp,ake up the defiaency within i0 days from the date no[icc is mailed
<br />byr lutxker to Harrower regttesttng payment thereof
<br />Upon paytt~a~t in full of all soma secured by rhrs l4furtgage, f.rndrr shalt promptly refund to Harrower any Funds
<br />hx'M ~'by Lender. 3t under Iaragraph tg hereof the Propeety is said car the Property is otherwise acquued by Linder, Linder
<br />shall apply, no Eater than imtnedfatet} pnor to lire Hatt of thr Property nr :rs acyu¢xnrnn by Lender, any Funds held by
<br />€.ertdtr as t}se time of application ax a credit against the sums secured fry thss Atongage.
<br />3. APlikslinn of PaYauntb. Ualigs applicable law pravidis ,~±therwixe. ail payments rccci4ed 6y Lender Hader the
<br />':"vote anti paragraphs 1. sad 2 herreaf :strait be appited try t,.tudxr brat in pay mire a( amounts payable to Lender by Borrower
<br />under paragrapfr : ktxreof, they to interest payable on the Next. then to the pnnwpai of the Nata, and than to interest and
<br />prtineipai oa any Future Advances.
<br />A. Cam: [tea. Borrower shat! pay alt !acts, assessntxnls and ether charges, fines and impositions attnbu[ahle to
<br />the Pnipeny which may attain a prmrity aver rhrs Mortgage. and leasehold payments ur ground rents, if any, in the mantic
<br />ptgvtded under paaagraph 2 hermf ot. ,t not pad in such manner. by Burrower making payment, when due, d+rcctlr to the
<br />payce thereof. tiarsower shall promptly formate to !ureter alt notices of amoae[s due under rhrs paragraph, and in the event
<br />Itorrow'cr shall make payment directly. Borrower shalt promptly turnnh to !.ender receipts esrdencing such payments.
<br />Barrawtr stall promptfy dtscharge any ixn which has pnnnty aver !his Murtgagr, prcavided, tF.at Borrower shall not be
<br />ralutred [o drxharge any such lien so long as &xroucr shnli agrce m wnung to the payment of the abirgation secured by
<br />such !yen :n a manner acceptable m L.trnkr. ur steal! ie geed Earth central srh (ctrl hy, ur dzfend enfaecemem ar sucfi lien m,
<br />legal prtnezdtngs whri:h operate to prevent the tnlarcitrrcnt of the €+c:e nr forfeiture of the Fn:pirty er any pare thereof
<br />;t ~, Nnzatd €rsarsrarce. 8anawer shaft kcep the ,mProvements :tar existing ar hereafter erec[ed an tfri Property imurcd
<br />agairta;~ lees tw fire, hazards inrfttded within the term "extended cuviragc~. and stub other hazards as Lender may reyuxe
<br />atttl it'a ucrch annaunts and ter suet? tetrads ax Lendic nosy reywri; prosiskd, itr=_t Lerrtitr shat! net r+quiri that tf:e amount tit
<br />a^rtsa ::xiuweragi e~xsexd chat atnautu of cayzragt requned fu pay 'p tee trmmn secured by itus Mortgage.
<br />~IpO insurance tattler eeavidmg the ttaaucatt._-x r,hafi t?c ;h;t~,.n bt €tarrxsxtr s;;trigct to eppravai t:y i.inder: p,`.sy"ltd.
<br />titer sXar: k: a;.pzarvai sha#1 not t?e uvriasanahl}° withheld. Ali prtmiatrM on insure race polices shalt bt paid rn the manner
<br />f's'Q1k'!dit•+,s='~= 'P.a=ag:a3 ^. 2 .~r~,f o;. ,f trot pa.d in +xh manner. err H-:ra>vm: naaic:n
<br />iner'ramuiso carrier. g gayttrtraf, whin d~a;, d+rectiy to the
<br />~eii itnWranee pufictes add rettewak fhemat also(! be .n form acctptabfc to Lender end shad include a standard mongage
<br />clause in favor of and rn form acteptahk to Lentkz. Ltrrckr shad have the nght to hold the policies and «rrewals rirereof,
<br />oral Borrower shaft promptly furnish to Iundu ail renewal nouets and all recespts of paid premiums. In the event of loss,
<br />Bnrrv.>wer shelf give prontpl notate to the +nsuranct tamer and Leruler. !.ender may make proof of lass i! not made promply
<br />by Borrower.
<br />Uaka Lentkr and Borrower utherwisx agree in wnung, rnsurancc pra:eeds shall M applied to restoration ar repair of
<br />else PropenY damaged, pttvtded such restarauoa or ropa~r :s ec:,rramn:atly tensible and the ucunty of rhrs Mortgage ,s
<br />trot therdry impaired. it suet rxsuarauan or repa+r is nut economtcatly f.:asrMc nr rf the securny of this Mortgage would
<br />be imparted, the snsuraase proceeds shalt rte applied to rltc stints secured by this Mattgagt, with [he excess, if any, pad
<br />w Bazawer if chi Property is abandorced 6} Hatrawtr, r,t st Borrower ta+is to respard to lornfer ws[hsn }p days from the
<br />date rag>tice rs Hurtled by I.eadtr to Borrower that tM ;nsuranse :arntr otfin [a settle a s.iarm fnr insurance trinefits. Lender
<br />is autb~or izxd to coiitct and apply rice er>u:arn:c pr xxeds at Leitdu s optuat tuber to restoraton ur repau ar the Property
<br />or to lire stmt, s;rrurid by :ftis Irfortgage.
<br />}'.l''nless Lender acrd Borrower atherwrse agree .n rnuog, ens sash apphca;inu ,`t praeeeds to pssnapal shat! rut extend
<br />or postptrne tin due date n( the rtwnrhty mstalfmcnts referred t„ is pa: agr phy and_ Ixriuf er +.hangi the amount of
<br />such instaifmxnis. it ursat2r paragraph itt hereof !fie Pu,perty ,s acyu,rcd by Ltudxr. ail r,gM, uN.e and interest of Harrower
<br />ut oral tc, arr. sm,uearti;e ptaLcdes arxf in and [o tttK pra:zzd: thereat resuiung from damage to the Property prior to the Bali
<br />ex aGStuwitwn xiu:t pare to t,eadar w flax extent of the Bunn sectuW ryy this Mortgage rmma<tiately pnor to such safe ar
<br />aeyidaitiao.
<br />6. lpsv.atlsn and .'Alaialemce M ltrapesty: L,rase-atds; Condasniwiitas; PYrned finis i)evdapmeata, Borrower
<br />abaft foie the Pr:_s;taxry ks ~# ..e~~. ~,~+ t>xt :~~ w.wt;. Ls ~mrt ,sup3,; tr~nt ae detenara[;an of the Pmpeny
<br />oral shai3 4ampt5 w-dh the ozavtsrxxns ai aa} feast yt rhss Mactgagt sc ., a ;eascheid. 7. ss Mortgage n tin a amt uy a
<br />~'+rs'~esiL„...n, cr } i~++nG$ unsi .k-rsir>'~Aaxni. Hmrawer xhaii pcnarm ~dl of Bortowtr "s,,sryhgaiians under the deciaraiion
<br />or cavxxtaata crtaivag os gus~ttasttg fix ~.arrdramsmerm or ptannW unu :ixselogtrent, tht by-laws and regulafians of the
<br />i{taunt ztr piaatx,~ u¢st dxxeizpnixzu. and i'unsttttt2nt doettmxnte if a ,;ondcmmium ec planrrW i,nu development
<br />tssler a xxa~sttth! iq Boracwat and rtxotded togettret ss~rUt rhrs Mortga~. rite tin-enantx and agtexmettta of such nder
<br />xhaH-be incorporated taco amt stern amend std suppktnera the covenants amt agreuitents of dos Mongagc as if the nder
<br />rera a part hereof,
<br />f, in~teaea xst tdr.
<br />--~.rr f•` ~=„-x.i fai.i to ptzfarm deft cavxtuttts an.t agreements conlamed m ehrs
<br />1ltzacfiagt, sx if anY acron :;r praueadtgg n commeitcad whtcb ma:tereally aBeets i.endcr's ,merest ra the Pmperty,
<br />>•sc8txtmg, but ru.~ hrtated to.. emurety 6omain. srisoiveni.y, cotes tnfarcetuent, or arrangxrrtents m pruc.eedtnga rsr~oismg x
<br />isgyknapi or dart-dent. tirxa Letdct x i.xndez'4 option, up<sn no:yce to 8wrs+wer. may nmkt such appnuarrcts. dsstsurst such
<br />arsine sad sake rn~h acedrr as ss necewsat} tv protect Landtr'x sn...rsat, rntisxtsnZ, tali rsot 3rmued t,>. d~sburxmtnt ,~r
<br />ra!¢tk a4ranteY'i fns sad envy ixPart rlta Pmperiy to make rtpesn. If tender :equirid murrgag¢ insurance as :r
<br />tt making !tie (sett tesuzr43 tsy the; Mtirtgaga, Harrawxt shalt pa} the prxmsurns reparrui to mainunr sus.i;
<br />alavtanc:4 m id'atf rttsW ayr3t ts~ as tiw r`~tet_'erne;t~, far x:rh ::tsurarr=t tzrtneaatxs m ac,:ordana:c with Hxrawers and
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