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<br />t;xt~acat CovEtr>.r+-rs. Bnrrowtr and LetuSer ,xsrtnant and agree as faftows:
<br />f. ih~oeiN sf lriadpal sad IaiertsL Borrower shag promptly psy when due the principal of and interea on the
<br />irtdebttdteess evddenctd by thx Note, prepapatent and Cafe charges as prtrvidtxf in the Nare, and the prinnpai of and inttre5i
<br />ore any Future Adranees secured by this Mortgage.
<br />2, PlesAt tx Tan sad (sauce. Subject [o appikabk law ar to a written waiver by Lender. Borrower shaft pay
<br />to I-trtdtr an zht day monthly ittstallrnents of principal and interest arc payable tn~der the Note, umlt the Neu is paid in full.
<br />a sum (hereto "Funds'"i equal to onatwetfth of the yearly cues and assessmmts wfiieh may attain priority over this
<br />Mortgage. and ground rents on the Property. if any. plus one-twelfth of peony premium irsstalttnents for hazaM irrsurarta.
<br />plot one-tweHth of ysarty premium instalirrsen[s for »tortgage insvrattce, if any, aB as reasonably euirnated inifialiy artd from
<br />lirrx !e tune by ixndtr on the basis of assesarnents and buts and rea+rneai+k euimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guarameed by a Federal or
<br />state agency (incltding Lender if Lender is such an itrstitution). Ixnder shall apply the Funds to pay said taxes, assessments,
<br />irouratsce prertritrms and ground « nts. lxtsdtt may sat charge for so holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills. unless (.ender pays Borrower interest on the Funds and applicablt law
<br />permits fxttder to make such a charge. Borrower and Lender may agree in writing az itx time of execution of this
<br />Mortgage that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such imttest to lx paid, Lender shall not be required to pay Borrower any interest or earnings an the Fnnds. Ixrtber
<br />shall give to Bortowtt, without charge, an annual accounting of t)x Funds showing credits aird debits to the Funds and the
<br />purpox far whseh each debit to the Funds was made. The Funds are pledged as additional security for the sums secstred
<br />by this Mortgage.
<br />7f the attmum of the Funds held by Lender. together wrih the future monthly installments of Funds payable prior to
<br />the dire dates of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />arstst®ents, imurarece premiums and ground rents as they fail due, such excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower a credited w Borrower on momhiy installments of Funds. It the amount of the Funds
<br />hdd by Ixoder shall not be sut5cient to pay taxes, assessments. imurance premiums and ground rents as they fall dire.
<br />Borrower sbal7 pay to l~nctar any amount necessary to make up the deficiency within ?0 days from the date notice is marled
<br />by Ltmdtr to Honnwer regasesting payment thereof.
<br />Upon payment in frill of a6 sums secured by this Mortgage. Lender strait promptly refund to Borrower any Fmeds
<br />herd try Ixader. It under paragraph i$ hereof the Property is sold ar the Property is arherx^ist acqut red by Lender, Lender
<br />shall apply, no tatty than tnunedfatety prior to the sale of rho Properly yr its acgwsition by Lender. any Funds held by
<br />Lendisz art the Brno cif application as a credit against the sums secured by this Mortgage.
<br />3. Appliratfon of Paymeep. Unless applicable law provides othcrsvtse. all payments received by Gender under the
<br />htote and paragraphs 1 sad 2 hereof strait be applied by Lander first in payment v( amounts payable av Lender by Bonower
<br />under paragtapie 2 hereof, Aron to interest payable ran the Vote, then «r the principal of tare Nvte.:md then to interest and
<br />principal on soy Future Advaraxs.
<br />3. Chagos; Iieb Borrower shall pay ail taxes. assessments and other :harges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage. and leasehold payments or ground rents, if any, in the manner
<br />providrxt tinder paragraph 2 hereof or. if not paid in such manner, by Borrower making payment, when due. direttty to the
<br />pays iher~f. Harrower shall ptompUy furnish m Ixnder all notices of amounts due under this paragraph. and in the even[
<br />Borrower shall make payment directly. Borrower shall promptly famish w Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any Lien which has pnonry over this Mortgage: provided. that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shall agree in ~.vnuog to the payment of the obligation secured by
<br />such Ilea in a manner acetptable to Lenskr, or shall in gov3 forth contest such lien bv, or defend enforcement of such lien in,
<br />legal pracxdings which operate to prevent the enfareerrrcnt of the hen or torfeiturc of tfie Property or any pan thereof.
<br />S. Hasid iaeauce. Bonower shalt ktxp the improvtrtsents nos. e>istmg ar hereafter errcted on tht Pruprrty insured
<br />against 3oss by fire, hazards included within the term "rxtertded coverage"". and such other hazards as !.ender may requne
<br />and i^ such aatouttta arty( far such periods as Lrndcr may regwre: provided. that Lender shall nr require that the amvum of
<br />snxh .:outrage ex-ee3 €hat amount of coveragr rrquutd tar pay the sutras .ecurt3 by this 'rfongage-
<br />Tist rrrsurance carrier providing the utsurunce shall he chos-tn by Borrower sublcct to approval by Lerxier: provided.
<br />that such apprava3 shall sae 6e urereasonab{y withheld All premiums ua insurance pvli:-ics shall be paid in the manner
<br />pravidtd u;,.~r aaragrapl-. < hereof a,-, rf rot pai3 its such manc:tr, by Borrv-a~ez making payr:~zst. u+htn due. dtrtctly * ; the
<br />insurance carrier.
<br />All insurance politics and renewals thereo! shall be in Corm acceptable to Lender and shall intrude .+ standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lander shall have the right to hold the policies and renewals thtreo[.
<br />arxi Borrowtt shall promptly furrsrs6 to Leisdtt all renews[ notices and all receipts of paid premiums. In the even of loss,
<br />Borrower shat[ give prompt notice to the insurance tamer acrd Ixnder. Lender may make proof of loss if not made promptly
<br />by Harrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shalt be applied to restoration or repair of
<br />the Property datnaged, provided such restorauwt or repair is econvmtcalty feasible and the security of this Mortgage i,
<br />riot thereby impaired. If stash restoration or repair is na economically feasible or it the securuy of this Mortgage would
<br />be rtnpaared, (he irxsurarsce proceeds shall be applied tv the sums secured by this Mortgage, with the caeca, if any. paid
<br />to Harrower. If the Property is abandoned by Borrower, or tf Borrower tails to respond m Lender wnhm 3U days trom the
<br />date ~+fntt is malted by Ixmler to Borrower that the insurance earner o3tts to acute a claim for insurance benefits, Lender
<br />is atdharized to collect anti apply the insurance proceeds at Lender's option either w restoration yr repair of the Property
<br />or to tint sums srtuted by [Isis Mortgage.
<br />Un9ess Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall nut euend
<br />ar prxupvlte the due daft of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such irswdlisteats. If under paragraph I$ hereof the Property is acquired by Lender. alt right, title and interest of Borrower
<br />in anti to any insurance pol;cies and in and to the proceeds thereof resetting from damage to the Property prior to the sale
<br />ter acqutsitivn shai3 pass to Ltisdtr to the extern of tbe sums stcureai by this Mortgage unmediattiy pnvr w >trch >ale or
<br />acgidsition.
<br />6. Psssarvatiea asrd Maiateaaact of Property; Leatttkolrfs; (:ondomfait®ir; Pbmeed Unit Devrdoprmafx Borrower
<br />€haI? ~°~ the Prtegeny in g~ rtpair and shaftf cwt smmit waste or perms impairment ar dettrioratian of the Property
<br />and shdi vmpJy with rile provistuns of any lease if this Mortgage is on a tea-sehoid. If this Mortgage is on a amt m a
<br />zanstcsmittitrsi or a piaimtd unit itvtioprnent, 1arrower strati ptrtarm ail of Bormwer's obitgauons uitdtc rare decla; atian
<br />w covenants creating yr governing the cunrkimioium or panned unit devebpment, the try-laws and regulation; of the
<br />crtadonsimurrs or eilaaued utsit devekrpment, and corutiiuent docimsents. IC a wndominitun or Flanned umi development
<br />rider is executed day Borrower and retarded together with this Mortgage, the covenants and agrcetrtems o1 srrth rider
<br />shat! be incorporattrd imn anal shall amend an6 suppkernem the covenants and agreements of this Mortgage as d the rider
<br />w.p-e a part heittnf.
<br />~. .~°'~w.r ws .~°x..~.q. tf B.,rr3".:°ci a, ~rt'v'r :: t - _ ~ . agr-'°..m: nt~ - .. !htS
<br />Mvrtgagt, yr if any action or ptoceeditrg ts'comtrnnceri which mattriahy vatfects~txnder's mttrest in "theRProptny~.
<br />incltrdsn$, lydr mt titnii~ to. eminent dcunain. insoivettcy, code enforc~rreent, or arrangemeitts or proceedings invvtving a
<br />harrkrrpi ar dtsxdaoi, thin Lender at Lender's option, upon iroucx to Borzower, may make such appcarans:e>. i7isburse such
<br />sVriM sad taXe such action a5 is rmcessary to protrxS I.endeis +merest, including, t+ut not limned to, disbursement !~t
<br />rtaa ~Frabk aUotaati`s foes and entry upon the Property to make repaus. if fender require4 mortgage irouran~c a. .<
<br />c.;rtatsiran of rttakmp 4he ban sewrW by tbrx MonBagt, Borrower shall pay the premiums required to ntamia,n ,uch
<br />.~~ to grrv! vut~t srxh nra€ :ss the tegtriretneot tot =.uth irtsrrratx; ttrmrnates :a a_cerdattu with Borrower', anil
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