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<br />Uvtz=oaM Cove!s'svxs. Borrower atM (treder covenam and agree as follows: i~ ~ r -~ w J t
<br />1. PfJaMeN of MradlW tsi 3rNereat. Bnrrow-er shall prempiiy pay -when due the prncipal of erld ,nterest nn t;ie
<br />tndebtedrsess zvidertcal try the Nae, prepayment and )ate charges as provided m the `ore. and the orincipsl of and interest
<br />on any Future Advances secured by this Mortgage.
<br />2. I?trtade ftrr 7tsata >ud 1rt~eatt. Subjee[ to applicable Eaw or to a wntun waivtt by Lender. Bottowtt shall pav
<br />io Lender rm the daV ctwrtthly irtstalittunts of prirtcipal and interest are payable under the Note, umii the Nme rs paid in full.
<br />a stmt (3xtein "Fwrtfs'•i er;aal trx one-tweif*h of the pearly taxes and assesstrrents which may attain pnnrity over this
<br />Mortgage, and ground rents on the Property. if any. plus ohs-twelfth of yearly premium rrtstailments for hazard inairartce.
<br />plies orte-twelfth of ytariy premium instailrnents far mortgage msurancc. ,f any, ail as reasonabty estimated initially and from
<br />6tne to tithe by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt Ire 6etd in an institution the deposits or accounts of which arc insured cr guaranteed by a Federal or
<br />state agency finciuding Lender if Icndcr is such an institmion 1. Lender shall apply the Funds to pay said taxn, assessments.
<br />irotrratace premiums and ground reins. [xnder may not charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills. unless I..ettdtt pays Br-rower interest un the Furids and appliable law
<br />pttt'rndu Lender to make such a chargt. Borrower artd [.ender may agree in writing at the tithe of execution of this
<br />Mortgage that intttest on the Futtda shag be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such inttrest m be paid. Lender shall not he required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaA give to Borrcrxer. without chaggt, an annual accuunhng of tfte Funds ,howtng credits artd debi[s to the Furtds and the
<br />purpose for which each debit to [he Funds was made. The Funds are pledged us additional security for the sums secured
<br />by ibis Mortgage.
<br />tf the amount of the Funds heW by [.critter. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, irtsurance prcmtums and grctuttd rents. shall exceed the amount required to pay said taxes,
<br />asseaaanents, insurance premiums and ground rents as they tall due. such excess shall be, at Borrowers opuon, etcher
<br />prtxnp[ly repaid to 8orrowtr or credited to Borrow•tt ort monthly installments of Funds. If the amount of the Funds
<br />held by Leader shalt not be suffioent to pay [axes. assessments. msurancc premiums artd ground rents as they lull dire,
<br />Borrower shall nay to Lender any amount aecessarv to make up the dcftciencv within ;p days from tttt data notice ~ mailcc
<br />by 1.cadtr to liertower requesting payment thercot.
<br />Upoa payment an furl of ail sums xes:ured by true Mortgage. i,ender shall promptly rzftmd [o Borrower any Funds
<br />held by Lender. If under paragraph !g Inereut nc~ f'rupcny rs sold or rtae I'roperry os otherw;sc acgtnred by Lender. Lender
<br />shall a:p.ply, na later than imi*s.;iately prior us the sale ut the Prnprnv nr its ncymsrtron by Lender, any Funds held by
<br />Letukr st ttte ttmt of application as a credit ;rgamst the s~uttts secured by rh,s At ringage.
<br />3. A4pBcatba tlf Paymeda. C.niess apphca6le law prrn,aclca athcrwise. aEl payments received by [.ender under the
<br />Note and paragraphs i and Z hereof shall be applied by I.cnder Pint ~n payment cat amounts payable «~ Lender hY Borrower
<br />render paragraph 2 hereof, then to intt~rest pazyahie on ttte Nnte, then to she Isrtncipal of the No[e, and then ul inttrest and
<br />pntuipa! oa any Future Advancer.
<br />a. (,'6aegea; Liiees, Borrower shall pay aU iaxes..:sscssmznts and other charges, floes sod unposi«ons attributable to
<br />the Prupeny which may ateain a priority orer ih;s Mortgage. and leasehold payments ur ground rents. if any, in the manrMr
<br />provided under paragraph 2 hereof or, d nut paid m such manner. by Borrower making payment, when due, drrectly to the
<br />payee thereof. Borzower shall promptly furnish w Lender ail hooves of amounts due under this paragraph, and in the event
<br />Borrower shall make payment dmcctiy. Burrower shall promptly tarnish rn i.zndzr receip[s zvidzncmg such payments.
<br />Borrower shell promptly diss:harge any hen which has priority nett thu Mortgage: pronded, that Borrower shall not tie
<br />requirtd to dsschargC xny such lien xi long as fiorrc+wzr shall agrcc m w Hung Io [he payment ui the bh¢auon secured by
<br />such hen in a manner acceptable to i.ender, ur shall m guest lauh contest sudt hen hv, or defenJ ~~~oreement ei such Tien m,
<br />legal Isnv~cedtogs which operate to prevent the enturc_rtseni of :he «en ur tcr[enute of the Property ur any part thereof.
<br />[, -iaaard ttseurtaaae. Horrawar shall F.ezp the +mpnasemerrtr na,-,. cs,sttng +•r hzrzafter rrec:tzd ort the Prrvt>f:re}• ,hooted
<br />again>i loss try fire, hazstds included wuhin tht term - estznded uovcrage~. a.nd such ocher hazardx as Lender map reyvue
<br />atxl rn such armlurita and for xuch pztacxts us lender trio} reyurrz. }*t,.iv idzd. ;hat Lender shalt nut require that the amount of
<br />xuch coverage exceed thu[ amount ul +;overags; reyuered t,a riot: tree ,.:tit„ w:~~sirad by th,s Mortgage.
<br />i}tK t[euerance artier providing the msurans:e stta4l tti< ;.:iur~xcu b}~ Bnnower si:b!ect ir~r approval by i.ender. prowtded,
<br />ttrtat su.h approve[ sttttil noS be unrea_=unzb!y wia hhe!<, +AI pra~zay;:,.rr+ .~r: ie,.s:rrn<.iz• p,,i:z i2+ xhal! he p.iid :r: thet manner
<br />prxss•idtcl under paragraph i hereof or, .t nut paid in such rnanra:r, h: Burrc+.wer making pay'mtn[, when due, :iirectiy «; the
<br />€fuiri~artK.c ~-{irIFIGP.
<br />4ll insurance pultnes and renewals thereat shat, tr u: (arm ,;«cptahtz ro t-zndcr and shat! !ncl,rde a .;anJerd murtgaKz
<br />daust in favor of and in furry acceptable ;u Lender. l.z;tder ~ha;i base the right ;., head ;he puisaes .,rid rrr,ewai, thzrzof.
<br />ata3 Borrower shalt promptly furnish to 1-ender alt renewal hooves and al! receipts oI paid premrum+. in the event of toss.
<br />Borrower shad give prompt rtoucz :o the insurance w¢ter end Lender Lender r.;a} ma4,e pruut of loss ti nut mode prunsp[I}
<br />by Sortawer.
<br />Unfree Lender and Borrower otherwisz agree m writing, Soso; once pr.xezds shall rte applied to resnuatims ur repar of
<br />the Property ciamagcd, provided such rtstorauun ur rcpau a economically leasihie :rod the seu:nty u' the 9lortgage ,s
<br />not thereby imparted. If such restorauon or repast is not r:onomtcail3 tcasib!e or rt [he security of lhs Mortgage would
<br />Fx impaired, the msurwee proceeds xhali Ix npptied to the sums ucured h} thu Siotigage, wnh the exceu, i( an., pa,d
<br />to Borrowtr. 33 the Property is abandoned by Aorrower, ern Harrower ta,h ~o respond to 1 seder w:[h,n 3ti days [tom the
<br />date itotu.t i<_ malted by Leader to Borrower tfiat the ~ruuranu carr,er nttets to szitle a Maim for insurance benefits, I.erdcr
<br />is authorized Eo collect and apply the insurance procatds a Lendzr's op«on either m restoration ur rcpau of the Proper}
<br />or to the autna secured Psy this Mortgage.
<br />tlntess Lender and Borrower otherwise agree m wrung, any such apphcanon c=f prxceds to pnnapal shall not zatend
<br />or posipo~ne the due date of the monthly installments referred u, m paragraphs ! and_ hereof or change thr amuum of
<br />aua~h installments. If under paragraph I g hermf the Property a aaymred b} Lertder..;!I right, title and mtzrest of Herruwer
<br />in oral to any irtsutance paltcits sad in and tc. the pros:zeds ttn:rt:ui resuh,ng tram damage «t the Proper;} pr,u: m the sale
<br />ur acsltusition s3rall pans !o Lender w the extcut ul ttte sums secured h} this !vlortgagc ,mmcd:ately prior «, such ,sic u.
<br />ua7tasaitiua.
<br />6. Ptraen tgYaa sad Main[etrauce of Prapeny: t.easeholt3s; ('ssadamirtitrms; P3antted l%nit Ikveloprneots. liorrowcr
<br />t+hail keep thz Property in gaud repair and shall nest rommit waste er permrt impairmznt or detzriorauun of the Property
<br />x~ S~ .,.,.ply .,~ ~ pro. .;,e~ ,.. ,~. _ iht> 4.- „~.- ., - „. _ t°r.I4» - ... .,
<br />Sc>vdei,.intum cr ~piarutcd tin:! dz3einpmrn:. Borrower =ha71 perform a:! u; Hcrrou-er's :•fis:gat:cns6:nder the d~clar ai,:::;
<br />or covettanu crcatitlg or guverntng [rte cundomininm tr: planned amt des ciopment, the 6}-laws end rcgu!ane~ns of the
<br />etsndotninium or planned aria deretopetent, and sansuuten: document. L cund.,minium ur plannzd u:~:,t des rluprnent
<br />tide' is txeettitxl by &urower sad retorr~d rstgcztter -+~uh thee Mortgagz' the co:counts and ngrecmem; <,+ such r„ter
<br />aha~'t bt trscoeporated then acid shall amend and supptentcnt ttic cu,cnants and ngrzcmznts of this Mortgage n. ,t tM::ider
<br />were a part htrtxtf.
<br />T. ~ of Leaier'e SeesiBy. If Hc,m:wer :ails .;, ptr': orm the envenoms and agreemenes c:;nta+ned in th+s
<br />i:Far`r)~agx, of if auy acisort ur proceodirtg rs .ummznCCil which mnienaii} aa`zcts lender c ,nterrii ir. the Prup:ny.
<br />inclixliug, but roll limiftd to, entittent domain. ,nsoivency. .ode c•r:icr~,_mcnt. „ arrangeenznts :~, pr:n eedsngs :,.vats ,erg a
<br />bankrupt trr de:esitrt, tlxn l.cndtr dE 1 errdet's npftun, upon notice t_ Hc.tn,wer. ,nay ^cake w.: to apysare:ues. disburse such
<br />sums sod take sireh action as is necessar~ as protect [.ender s +alerrst ~iuludmg. liar not hmlt<d ~o, dnbursenzmt rt
<br />reaaonabfs atioroty's tree and entry upon iM' Pte>peny tz; n:asz reps::, Fr t=_ndrr ,cy.,, rs ~d ,ns±; tgngt ,~SU: an.z a
<br />ems_6..q Of e>akL4g ~ man ra.~nted 113 this Mengage, ~,rt~wrr xhnil ,>a} i:,r• przin:ums req ,;,.-, mairtar;+ su:h
<br />uuura_rut in efTa+~l unt:3 sus tt iesft as [hx reyutretnen4 ,`oi =t•~h ,m.a;:ancs its rn:rfYC: :n a. cc•r der<:., x;tf;~Bwr:,w e. s n.!
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