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<br />~a,~..~p7174
<br />E: xrroaAr Covt;r;axss. Btxraaver and laatdsr tlwtnam and epee as follows:
<br />t. laayese~t d Trbd*ai aV Ltterne. Barrasrtr shall prompxly pay vrhen dire the principal of and interest on the
<br />itdebterhrtss n~idenced by the Noe, prepaytaent still late cbar¢s as provided rn the Na+e, sail the priricipaf of and interest
<br />on say Futa:t Advances sawed by this bfartgags.
<br />2. FtWr Ear Tteas attd laarwee. S~ject to applicable Law or to a written waiver by lxssder. 8ortorvtt shall pay
<br />to Lsndet an the day rnonttdy ietstahttsems o[ principal and merest arc payable antler the Noe, umil the Note is paid in full,
<br />a atoll therein "Fun~'J egoai to arte-twelfth of the yeaNY taxes aril asxssttsarts which may attain prfarity ova [his
<br />Mortgage, and gromd renu rxr the Property, rf arty, phis one-twelfth d yearly pmtdttm irtxalhmnts for hazard ittarrntrtX,
<br />pt+n one-twelfth of yearly prsmitrm vnmHr»nu Eox mortgage itfwranee, if any, aB as reaamablq esifmated itritially and from
<br />time to tittle by Lender on tht basis of asaeasnten[s aril hilts std reasonable eatimate6 thereof.
<br />The FunrL shall be held in an itntiiwitxt the depssifs w acCOttllb of which are itwtted or guaranteed by a Federal or
<br />stale agency t inchding Lender if Lender is sixh an itratitation 1. littler shalt apply the Funds to pay said taxes. assewttutu,
<br />i:srRtr•ance premiums aril gourd terns. Letder eras}' not charge for so holding and applying the Furls, analyzing said aixoum,
<br />or verifying and compiiLng sad assessmeru and buts. uniexs l.ettder pays Borrower inteteat on tM Funds std applicable law
<br />permits t.ettder to make .ixh a charge. Borrower and littler may agree in writing at the time of execution of tha
<br />Mortgage chat intttest on the Funds shall tae paid ro Horrower. std unless sish agreemem is made or applicable taw
<br />rtquires such intpest to be paid, i.ender shall nM he required to pay Borrower anv interest or earnings an tiu Funds. ltrrder
<br />shall give to Borrowtt, without char¢e, an annual accounting of [fte Funds showing credits std debits to the Futtdc std the
<br />purpose for which each debit to the Folds was made. The Funds ace piodgrd as additional security for itte cotes secured
<br />by this Mortgage.
<br />if rM artsoum of the Funds held br Lender. together with the future manthiy ire[alivtsnts of Funds payable prior to
<br />tlse due dates of taxes, a:sesartKnu, i~ttranm premiums and ground renu, shall exceed the amount required to pay said taxes,
<br />arten~, tnaurantx premfums aril grnurrd retm as they fall due, such excess shall be, at Barrawers option, either
<br />promptly repaid to BOTrowtt or crtdited to Harrower on monthly tnstalinnenu of Funds. If the amotmt of the Funds
<br />httkl by Lender shall nut be sufficirat to pay taxes. ansessmenu. insurance prsmtums and ground rents as they fall due,
<br />Borrower shall pay to Letuder soy amount netessazy to make up rhs deficiency wtthin 30 days from the daft nmice is mailed
<br />by Lender to Baratrwer regttestling payment thereof.
<br />Upon payment in tuft of all sutras secwed by thrs Mortgage, Lender shall promptly refund to Harrower say Funds
<br />held by L.endcr. ff under paragraph Ile herrwf the Property rs sold or the Ptopeny is ahcrwise acqusred by Lerdsr, Lender
<br />shall apptry, no tarter than tmattxliately prier so the sale of the Praprny ar iu acquitatia~n try Lcndsr, any Funds held by
<br />Lander at the lima of application as a cratii[ ugauut the Burns ^uecurrd try thus Mortgage.
<br />3. Ap~tllicafioa of PaYtrtraN- [!mess appEicabls law pravdrks~ atl~rwist, ai€ payments rcc~sivsd by l.c»der uttdsr tlx
<br />Nate and paragraphs 1 std 2 hereot slfali bs applied by l.erdtr !tell m payment of amounts payable to lender by Borrower
<br />under patapaph '2 hettwf. ihwr to interest payable oa the Nato than to ttu prnncipal of the Nuts. std then to interest and
<br />prnncipal on any Future Advances.
<br />0. Charges; I3etaa. Borrower shall pay all lazes. assessments and rather charges, fines and rmpassitions attnbutable to
<br />the Property which tray attain a pnority putt thts Mtxtgage, std leasehold oaymenu or ground renu, if any, in [he tttanner
<br />ptovisttd under paragraph 2 boreal or. ,f not pall m such manner, by Borrower making payment. where. due, dtrecdy [o the
<br />payee thermf. Burrower shall promptly furnish to Lender all nuuces w atnswnu due under this paragraph, soil in the event
<br />Borrower shall males paymem d;rtxtly. Bo: rower shall prompty fumuh to Lender receipts evdenung such payments.
<br />Borrower sha{I promptly discharge any [ten which has pnonty over this Mortgage: groveled, that borrower shall not tx
<br />enquired to discharge any such lien so long as Barrawer shall agree in wnung to the payment of the obligation secured by
<br />sw:h lien in a man+xr aexsptable to Lender, or ,hall in gaud fadh ctmtest such lien by. or tkfend enforcement of such Jirn rn,
<br />iwgat pn~enlrags which operate to p: avem the enforesmert cat rise i,en or forfsuure cif the Propzny or any Fart thereof.
<br />6. Eiterd limnta®ce, Borrower shalt keep the tmpravernents mw ezrsung or herrafttr erected on the Progeny inwrral
<br />against lass by fire, Eaa'sMa included within the term "sztended coverage". and such other ha2ards ns !.seder may rcyurrs
<br />and in suelt amaunu ~snd tar such pe:iads :u tender ttwy rtgwrt~, pa~[>vfdtxl, that lender shah eat require [hat the amount of
<br />stt::h cavsragr exceai titaf atneunt of coverage requrred i'~,o Jr.ay Jhs ,ua~as cleared try th,s riiartgags.
<br />'the rauurnnr:s caxrxt providing the ntutuanct deal) be cirascn by Bcrcn±wcr suhJeet to approval by txtxter: provetkd.
<br />that such ~appraval sttt~lt itaf tae ~sr~sonahty wiebts~ld. AFl prtnuuma cat iasarancw pa!te!ea sha!! E+e paid !n the rnaatter
<br />provitkd ttmisr paragraph 2 hersaf or, if taw pall in suds manner, ray Barrawer maktng payment, whorl due, dimztly to the
<br />inittrarat Ctfil-wr.
<br />lilt iasurame poirctes anJ renewals thereof shall tx rn corm acwptabk w Lender and shall include a standard mortgage
<br />dtwx in Eavor of and m farm xttptabk to lxr:der. Lerufer shall have the right to hold the: paiicres and renewals thereat,
<br />std Harrower =hat! prompel-y ftutwh to Lender a{I renewal rwuces and all receipts .rf paid premiums. !n the event of loss.
<br />Borrower shall give prompt notice to the inswarut tamer and I.emkr. Lenskr may make prcwt of loss et not made promptly
<br />by Borrower.
<br />Uttlsss L~tder std Borrowce otlxrwsse ogres in wrung. Insurance pracesds shat! be applted to restoration ar repair of
<br />the Property damaged, pros•rded such reswravan or repair rs ccenamrcaJly feasrble std the security of thes Mortgage i+
<br />not thereby impaired. tt stu:h rexwratian or regale !s eat eeonomtcally teaaibfe ar ,t the securty of this !vfortgage would
<br />be itstpaertd, tBe insuratece proceeds shall be applied to the stuns secured icy thts Mortgage, wuh the excess, if eny, paid
<br />to Borerawer. If rlSt Property rs abarad+nsed ht ibrrower, or It Borrower tads to respond to Lttder wuhw 30 days tram the
<br />dots twtice is ntatled by Lender to Borrower that the ussirraoee :tenor aRers to sertle s dorm for msuranw txaetits, Ixnder
<br />is authat'txed io collect an<f apply the ,Ir uraase praweods at Lerxki s optton etcher w reMOrxnon or regale of the Property
<br />or to the stJnis secured by this Mortgage.
<br />Utslsts Leadtr and Borrower etherwtse ogres m wrrang. any sus:h application of pr xeeds w prmctpal shall nut extend
<br />r,r pmtparce the dt~ date of the ttwnthly installttcerts referred to rt paragraphs t and 2 hereof or .hangs the amount at
<br />stt~~lt iastalitnsa[s. Jf uadet paragraph ~ B herwE the Property Is arauued by tinder, all right, title and interest of Borrower
<br />in and to any' ivsueance palicks sad in aril to the proceeds therm[ rssuJting tram damage to the Property prwr to the sale
<br />ar ats}aisinan sha!! pass t4 1»entkr to the extent r>< lbw surds secured by flies Mar[gage tmntediately prior to sash sale or
<br />ac+luisititat.
<br />G. 14mvtYiao tread 1Nasfteaaacr of Prvpedy= lraaeheldq (:ir®s; 1'lanawd [inN />e.eioparetNS. Hairawsr
<br />shall k~cp tits Property in gaol ra:paia and >ha4 cwt commit warts ~:r permit impairtrwtt ar deteriatauon of the Property
<br />sled-yltaE4 cu'~gly wi*.ts *t>= provtstoas of aaY tease rf tbls Mortgage o-s .n a !ssstheld. IF this Mortgage is on a :met :n a
<br />cmumum ar a piaaned unit lsvtWpmsnt, Harrower ;hall perform aU of tlorrower~s >rWtgations under the dsciaranan
<br />ur cos~erxaots creating ar govttttmg the enttdaminattm ar planned unrt devefopastnt. the 6y-laws and regulations of the
<br />cortdo~misxttm ar planned anti development. and caMtituen[ eira:uaxnl+. It a condvmimtun or planned unit developuvent
<br />rirkr 'is sarcutsd h}' Borrawex aril reeordaf together with this Martgags, flu covenants and agrcemcnts of ouch rrder
<br />tdsad! be incatporatad tt>ta and shalt amend and aupplernstu the wvenanu sail agresa'xna of then Mortgage as :f the tiler
<br />wens a past hutsof.
<br />7. laaa#aedms r>[ Lerafar's 5aetuifl', if Bsunewet tars to perform the covenants -rail agteernenia .onramed m this
<br />Mprf{;ags, ar it arty as:licm or Prang a ca+mmeocel which 'uatsrtatly atfteu Lender s murtrE in the Prrspsrty.
<br />~ttar-iuditsg, fort east Jsrnited tor. aauttwm dattain. Itttadvsrrc>, u;>?a :attorsxnram, or arrangtmsnts sx ,^.nxesdinttls ~ovaJvntg a
<br />iraakrszpi zu t~t~ then t.srdsr at f_wdlrr'z espwn. upon tectltc to Horrawsr, may make such appearances, d>sbuns -uch
<br />sores sail torte such as:tpXr as tp rtaceatary w prsytecr trrdeis ,ntcres[. <rao}udtng, taut rnm hmrreai tu, lrshursentsnt :~[
<br />tw,aa~xabis atWrntY : Elea scut sorry uptat the Prapeny to make rspa,rs. if Lender r»alurrW rtrongage ~rrsuran.e as .,
<br />csxsdaw:ts of ssuJrrng ttre loan socursd fry thss Mortgsgs, Bonawtr shat: pay t1re prvmitrrm reuutted eo mauuam sas.~h
<br />inauaacs se !LTars until axt:,lt tease as +M rlayr+stltmeat tsar such ,ttsuratsce termsna;sx :n au.trdtrur w:th Btu rower-. and
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