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Uxtroxst C=ovexF[wrs. Barmwer aaa Leader ctrrenaat and agree as followx:
<br />L Pap~t of PrLcipl asd 6fetvst. Borrows shalt promptly pap wirsrt due the priae~l of aced interest ae the
<br />iadebiedaps evidenced by the Note, prepaymrnt and late d~rga as provided in the Nate, and the prittdpal d sad interest
<br />on any Furore Advances secured by this Mortgage.
<br />2. F'wAs for Tads aed fr+.tsa~ee. Subject to appii sbk Isw or to a writkn waiver by Lender. Borrower sha$ p:Y
<br />to Leader on zfte day rrtoathty irrstsllments of pritxipat sad iafsrest are payable uvder the Note, umil the Note is paid in tuB,
<br />a awn (herein "Futtda^7 equal to orsatwetfth of the yearly taxes and assnarr+er[ts which may attain priority over this
<br />Mortgage, and grouvd rents on the Property. ,f any, plus one•twvIfth of Yearly premium initaBa[ents for hoard i[[WCaace,
<br />phra ono-twelfth of yearly premium insrottments for mortgage itawrartce, if any, aH as reaaottabty estimaaed irtitially and from
<br />time to time by Leader on the tras~ of asseasmens and bilk and rtzsovabk eatimata thereof.
<br />The Fut[da shall be held in an institution the deposits or accounts of which are insured w guaranteed by a Federal or
<br />state agency f including Lender it bender is such an imiitution). Larder shall apply the Furze m pay said'taxea, asmarrtrms,
<br />itssuturce premiums and ground rents. Lander may trot charge for so holding and apptying the Fonda, analyzing said s`Wtrm,
<br />or verifying avd compiling said assessmenb and bilk, unless Leader pays Borrower interest an t~ Ftrvds sad applicable lave
<br />permits Lender to make stzeh a charge. Borrower sad Lander may agree in writing at the time of execution of this
<br />Mortgage that interest on the Fuvds shah be paid to Borrower, and tzalesa such agreement re made or applicable law
<br />requites strdt interest to tae paid, Lender shall not be required to pay Borrower any interest or earaiags oa the Fttads. Ceada
<br />shall give to Borrower, ivithom chugs, an annual accauatiag of tlx Fuvds showing credits and debits to the Fttads and the
<br />purpose for whxh each debit to the Funds was made. The Funds are pledged as additiotral serarrity for tM sarm scarred
<br />by tltis Mortgage.
<br />If ffie amount of the Funds held by Lender, toge~dzer with the future monthly instalhaeats of Fonds payable prior to
<br />the dtx dates of taxes, assessments, insurance prcmitrms and ground revrs, shall exceed the anwvat required to pay said taxes,
<br />asseaa+nenis, insurance premiums apd ground rents as shay fall due, such excess shelf tx, at Borrower's option, either
<br />promptly repaid to Harrower or ereditsd to Borrower ov movthly installmerus of Funds. If the amotmF of the Ftmds
<br />LteJd by Lander shah not be sufficient m pay taxes, asaescmeats..^..,r_=_nce pttxaiums ar:d gect;td re:na ~ tyey fall dt~,
<br />Sorrosvcr shall pay m Lender any amount necessary to make np the deficiency within 30 days from the date notice is mailed
<br />by Lemter to Borrower regtustiag-payment thermf,
<br />Upon payment in ful! of all sums secured by this Mortgage, Lender shalt promptly refund to Borrower any Futds
<br />t+cld by Lender. [f under puagraph LS hereof the Property is sold or the Pn~rpeny is otherwise acgwrerl by Ixnder, I_errder
<br />shall apply, no ia[er than immediately prior to the safe of the Property or its acquisition by Lender, any Funds held try
<br />Leader al the time of application as a credit against the sums sceurtd try this Mortgage.
<br />3. AppBealiaa of Payment. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs !and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />wader paragraph 2 }hreof, then to imerzst payable on the Nute. then tv the principal of the Note, and then to interrxt and
<br />principal on arty Future Advances.
<br />4. Charges; Llem. Borrower shall pay all taxes, assessments and other charges, fines and impositions attnbutable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the rnavrxr
<br />provided wader paragraph 2 hereof ot, if not pa+d m such manner. by Borrower making payment, when due, directly to the
<br />payce rhettmf. Honower shall promptly furnish a Lender all nouns of amounts due under this paragraph, and in the event
<br />Borrower shall make paymevt directly. Barmwer shag promptly famish to Lender receipts evidencing such payments.
<br />Borrower .shalt promptly discharge any lien whtch has pnority over this Mortgage; provided, that Harrower shall not be
<br />required to discharge any such lien so long as Borrower shelf agree in venting to the payment of the obligation secured by
<br />such lien in a manrxr acseptai# to L.tttder, w shs'J m good forth contest such wen by, or defend ertforeercent of such lien in,
<br />legal procoed!ngs which operate to prevem the enforc~ernent of the hen or forfenure of +he Property ar any pan thereof.
<br />5. Harxd laawa~ee, Borrower shall keep the tmpcoverpents now exuung ur hereafter erected ov the Properly insured
<br />against. loss by fire, hazards i+tcluded wnJun the [arm "extended coverage". and such other hazards as Lender may reyuire
<br />:md to such amcaunts and for.such aerrur#s as t rzdcr may rcyvire; provit'Ud, eha! Lertckr shalt not nyuire that the amauai u.
<br />s~!e:lt soveraga aacnvd brat amount of coverage required in pay the sums secured by rhea Mortgage.
<br />'L34e [nsut~.a carrier pravkliag !~ iessuratt~e shal, ht chr~r: 6y Boxrosver sufiµ.a to approval by 9_eniier: pravidad.
<br />that ':wch ?p~?ravel shall sot b¢ wueasanably withheld. A71 premiums on inauratrce policies shall bz paid m [he mancer
<br />~:.T.ida~' utsdzr paragraph c' hereof +v, sf not pai,~. in stwh :.=ruztsex, b} Bverawer making paYateat. wixx+ due. duecuy co the
<br />imurtaaea Zanier.
<br />A?t insurance policies and rerawals [hereof shaft be in form acceptable to 1_ender and sha)I ;nclude a standard mortgage
<br />claGSC in favor of and in form acceptable to t.en~r. Larder shall have the right to hold the policies and renewals thereof
<br />and Borrower shalt promptly furnish to Leader all renewal [antes and all receipts of paid premiums. In [he event of loss,
<br />Borrower shall give prompt votiee to the insurance r:arrter and Lender. Linder may make praot of loss rf not made promptly
<br />by Borrower.
<br />Unless Lender sad Borrower otherwtse agree in wrung, msurana;e proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration ur repatr is econortucally teasibk end the security of thts Mortgage, is
<br />rrot thereby impaired. If such restoration or repair is rut zconomically feasible or rt the secunn of thts Mortgage would
<br />t,e impaired, tin insurance procxds shalt be appled to the sums secured by this Mortgage, w+!h the excess, if any. pad
<br />to Borrower. If the Propu[y is abandoned by Harrower, or if Borrower fails to respond to Lender wtthm 3(1 days from the
<br />date notice is mailed by Lender to Borrower eha[ the inseuance carver offers to sznle a claim for insurance benefits. Linder
<br />u aufhordzed to coBcct and apply the insurarcz proceeds at Lender's option either to restoration er repair of the °roperty
<br />or to the sums secured by this Mortgage.
<br />Uvlsss Lender and Harrower otherwise agree m wutiag, any such application of pr.xeeds to pnnctpal shall not extend
<br />or postpc+nr, the due date of the monthly installments referred to in pazagraphs I and 2 hereof or change the amount of
<br />such insta$intenis. If under puagraph IS hereof the Property is acyuued by Lender, all nght, title and interest of Borrower
<br />in alai Ga stay insurance policies and in and to the proceeds thereat resulting from damage to the Property prior to the sale
<br />or arquuiooo she!! pass to Lender to the extent of the stints sec'wed by this Mortgage imrrtediately prior to such sale or
<br />acgttisititzn.
<br />6 FreuryrNiea atrt titaWreoaace of Property; L.eascboitbt Condo®ieGrms; Plaapad Veit Qevskrpma~. Borrawur
<br />~hatl k~p t?x P.=:=x+23 ~ g;;;,d re~.a:r ap: sriar't uoi ~s,zamit wash ar ptraut +mpa+rtnent or deterioratron of tl[e Pro rt
<br />and shat tom L with the ~ y
<br />p y psovisans of avy lease it this Mortgage +s on a ieasehul6. It this Mortgage is on a unit in a
<br />cantlaminitzm nr a planned trait development, Borrower shalt perform all of Borrowers nbhgattons under the declaraGOn
<br />or coveoaots ereaung ru governing the condominitun nr planned unit dcvzlopa'w_nt, the by-laws and regulations of the
<br />~+xdomtnium or planned unit development, and constituent documents. If a wrdominium or planned unit development
<br />izder is executed by Brxtow'er and recorsled together with this Mortgage, the covenants and agreements at such naer
<br />tthalL be itxorporated rn[G and shalF atuead and supplement the covenants and agrcements of th[s Mongagz ax if the rider
<br />were a pan. hereof.
<br />vz~esess ai i.~[detr'a sseuvifY, It Borrower fails tv pexfa;m the covenants avd agreecrenm contained in th+s
<br />MarEatage, ~r if any action ux prtneedtag is :ama[snced whrch materially slicers l.ar,<ier's mterzs[ in the Propeny,
<br />iAeltsdir+g, taut rwt limited ta. emizcent domain, insolvency. code eaforvxarcnt. or arrangements ur proceedings urvotv+ng a
<br />btuzkrupt or tta:cdsrtk, then littler az L.erulci r optan, upom natirs to Barsowar, may make suet[ appcaraacas, disbursz sash
<br />auras Batt tales such action as is tzacessary to protect Lender's interest, ~nciuding, trot vat irmeted tu, drabursentent of
<br />reasvaattle attonx}'s fats stir t„guy upur. the Frapeny to make repasrs. It L.endzr rvy)uited atarcgage ~nsuraace as
<br />cr~rufttton ui making the ban tacurecl fry rLUa Matlgage, Borrower shall pa3 thx premruma rcyurred to nzaiatau+ such
<br />iPa<irtaa it. er°.t[ci urtB sash lama as rfte reytriremeat for sus:h msurancs +ctrz.uates to scwrdansc wt!h Bcrrr+uwci s end
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