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<br />Lfyriartatsr C`<wet+st`rra, lilarrotaer and Leader covenant attd agrm as fouowa:
<br />t. ltsgsrsetl of Tslttdp! asst Nltaroat. Borrower strap prampth' Pay when true the principal of and interest on the
<br />asvideaoed by the Note, paxyatYramt and tare charges as provithd in the Note, attd the principal of alai intetmt
<br />oa amy 1?orate Adraasces socrued tsp this Mortgage.
<br />3. ;~,~.-a ~'~,.,. ~: " ~.a;.:,~ €o :':pti:.~ taw o< m a write^^ waiver by S~sttder, Harrower ahaH pay
<br />set Z tit the day atrasrthly iatstafttnenta of principal wed interest are ~yabk vttdcr ttx Nutt, until tlw Note is pair! in ftt9,
<br />a tans (6esrr~n ~u~") ®quhY to one-lwvditft of t1x yearly rues and asseasmeMS which tray atpin priority o+~tr tip
<br />Moega~e. and ground rants as tfrc Property. if say. plus one-twetith of Yearly premium itmtallntena for hazard irffitnamx,
<br />twelfth ~ yttarly prerrtitrst items for marigsge ir~arancc. if say, aG as tcaaoaably sstinnated itptialty and Pram
<br />t~ so tame by I.emler on tir basis of a»ments and bilk and reasonable estimates thereof.
<br />'Ibe Ftmds be befit in err irotitsuion the deposits ar accounts of which are irtawed or guaranteed by a Fedtral or
<br />a#tncY (iachrdiag tender if Lender is such an imtitution). Lender shad apply the Funds W ~Y said taxes, asaatsur>eads,
<br />ierstrranoe pranirrrra sad ground rents. Lcoder may trot charge for so holding attd applying the Funds, snatyziag said arx«rnt,
<br />or verifying and eanpifing acid assassmenn and bills, unless Lsnder pays Borrower interest on the Fumb and apptiabbs law
<br />permits Linder to make such a charge. Borrower and Lertckr may agrtx in welting at the time- of atectrtion of this
<br />Mortgage that interest oa the Furrdt shad 6c paid to Borrower, and unless such ngreemmt is made or applicable lae-
<br />tires stub iaterest to be geld. Lender shalt not be required m pay Borrower any irrttrat or earnings on the Funds. Lender
<br />shall give fo Borrower, witbotrt charge, an annual accauming of the Fttnds showing credits and ambits to the F:rads sad tlx
<br />ptarpoae for which eatdr ttebit to the Fua~ was made. Ttte Funds are pledged as additional security for the su:rn sa:uraf
<br />by this Aortgage.
<br />Tg the amount of the Ft.t: a :.xiai by [.ender, together with the future monthly instafiraents of Funds payable prior to
<br />the thte dates of taxes, assenrtwrts. insurance premiums and ground reau, shaft exceed the amount required m pay said taxes.
<br />menu, iasurance premiums and ground rents as they fart due. such excess shelf be, at Bonowc~s option, eitixr
<br />promptly repaid to Borrower or credited to Borrower oa monthly instaUmerrts of Funds. If the amount of the Funds
<br />held by Leader shalt not be stdRcimt to pay taxes, aasessmenu, insurance premiums and ground rents as they fall due,
<br />Btrrrosrer shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date rrotitt is mailed
<br />Icy Linder to Harrower ixtgrrestrrrg p:yrrxnt tixrmf.
<br />Upon payment in full of all swru secured by this Mortgage. Lerts'~r shall prompGy refund to Borrower aaY Furtds
<br />hehi by [.et>rka. Ft under paragraph 1g berm! the Property is sold or the Property is otherwise acquired by Len~r, L~der
<br />shag apply, m later rhea immediately prior to the sale of the Propem or its acquisition by Lender, any Funds held fry
<br />[.coder at the time of application as a credit against the sums secured hY this Mortgage.
<br />3. ApgrSeatisr ad PtgsaeaU. Unless applicable law provides otherwise, all paytnems reczivcd by Lender under the
<br />Note arrd paragraphs 1 and 2 6crmf shalt be applied bf Lender first in payment of amounu payable to Lender by Borrower
<br />tinder paragraph 2 hereof, rhea to interest payable on the Note, then to the principal of the Note. and then to interest and
<br />prirxipaf on any Ftu[rrz Advattaes.
<br />4. ~ Ijesr. Borrower shalt pay all taaes,assessmenu and other charges fines and Impositions attributable to
<br />the Property wtrich may attain a priority over this Mortgage, and leasehold payments ar ground renu, if any, in the raaaaer
<br />provided tinder paragnph 2 hereof or, tf not paid in such manner, 6y Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Leader a8 notices of amounu duo under this paragraph, a~ is the event
<br />13orrowe[ shall make payment dirrx:tty, Borrower shall promptly furnish to Linder receipts evrdtrxing such payments.
<br />Borrower craft promptly discharge arty Tien which has praanty over this Mortgage: provtded. that Borrower shall tort be
<br />required to discharge any such ittn sQ long as Borrower shalt agree in silting to [tic payment of the ob€iguion secured by
<br />seach Lien in a manner aaxptatrk to Lender, ar shall in good faith contest such lien by. or d~md enforcettxrtt of such Elea iq
<br />ledat praceedirrgs wltk6 operate to prevent the enforccnrent of the teen or toeletwre of she Property or any part thereof.
<br />S. Qaratti Iataaaaaet. Borrower shall keep the tmprovemenu now existing or hercafur erected on the Property insured
<br />agaim[ tau by ffre, hazards included within the term "extetrded coverage", and such other hazards as tinder may require
<br />sad is such anrattnu and for sta:tt periods as Lender may recfuire: provided, that Lender shat' riot regaire chat the amount of
<br />such coverage exceed that amount of coverage required to pay the gums secured by rhos Mortgage.
<br />"I'he imirranee carrier provafing the instuana~ shall be chasm by Harrower sublec[ to approval by Lender; provided,
<br />that such approve! shaft eta !re unras5ttnaMy withheld. Atl premruncv on insurance policies shall be paid in the manner
<br />provxbd under paragraph 2 hereof ar, if eta paid in such manner, by Borrower rttsking payment, when d[ce, directly to the
<br />instsraaca ctzrietr.
<br />Aft instuance policists and renewals thereof shall he in form acceptable to Lender and shelf include a standard mortgage
<br />ctatne is favor of sod is for® acceptaf~c [o Lciader. tinder vhall have the right to bald the ponies and renewals thereof.
<br />sad Hoerower shelf promptly furaisit to Lends elf renewal notices and elf reuipas of paid premiums. In the event of loss,
<br />Barrawer shat! give prompt notice to the irrsurarxt carrier and Linder. tender may make proof of lass if not made promptly
<br />by Borrower.
<br />Unias Leader and Borrower otherwise agree in wasting, msurame proceeds shat! be applied to restoration or repair of
<br />the Property dttraatged, provided such restoration or repair is rxonorrtically feasible attd the security of this Mortgage is
<br />rmt therebp impaired. if wch restoration or repair is not ccartom~.atly feasible or iE ttre security of this Mortgage would
<br />ba impaired, ttre imutaace proceeds shall be xpptkd to the starts secured 6y this Mortgage, with the excess, if any, paid
<br />m Bortowet. If the Property is abandoned by Borrower, ar t! florruwer fails to respond to Lender within 3G days from tine
<br />date notice is rrraifed by f.aaitr to i3artawer that the insuratthe earner otters to settle a claim for insurance bettefiu, Lender
<br />is autbaizod to cart sad apply the insurance pracaeds at Lrtrekr's option either to restoration or repair of the Property
<br />or to the sums secured by this Mortga®e.
<br />Udas leader aril Borrower otherwise agree m wnttirg, any su:lt application of proceeds to principal shall not extend
<br />or postpone the due dais of the monthly insuatlmenu referred to in paragraphs 1 and ?hereof or change the amount of
<br />strtdt instal}meota. ff urtdar paragraph i8 htreaf [he Property a u:yuucd by Lender, all right, title and interest of Borrower
<br />is and w any itrsasaatce potic~ anzf in sad ro the proceeds tiretwt recalling from damage to the Property prior to the sate
<br />or acquisition sl~dl pass to l.enckr to the extent of the sutrw sectued by this Mortgage immediately prior to such ssfe or
<br />`. lsaasrvatise uai Maiftasmpce of IRopert7; Laireawkl~ C'aadawdaGrass: Flamed Unit Devdapmeats. Harrower
<br />slSttl ~ ttre I>ropetty in good repair and alto!! rwt esxnmit wane ar permu tttrpairtnen/ or skteriotation of ttre Property
<br />trod alsall coaapty :.ith atx prawisiasu of any lease tf this Murtgagc as an a Icascfwld. I[ this Mortgage is on a unit in a
<br />ar a pfantud troll development, Bcvrawer shalt perfarnt alt of Borrowers ebhgations under the declaration
<br />sir iwsrWants crtatir~ or governing !tae ccutdommium ar plsntxd amt developna:nt, the hY-laws and regulations of the
<br />or piaraod unit tkvetopment, and catstituent do:utnenu. if a candnminiunt or planned unit develapmeni
<br />t'r is wraactatad bN Borrawcr and rccordpf together with this Mortgage. the coveaanta artd agrccments of such rider
<br />siaB bet aut~tpota9ad rrdo stmt shalt amend arnf supplerttreat the covenants and agreantents of this Mortgage ax tt the rider
<br />+ara a part berapf.
<br />'1. P' a[ taaitsh Sash. ft Borrower faits to perform the covenants and agreerrtetus gaMained in this
<br />a ff ray ss:unn ar ~ot~edtng et a:omnterx~ed which msicrialty aRt•u Leader's tntereRt fn tine Property.
<br />_ buR qpt ffmriod tor, +~anmaN dttaateio, ittaalveaey. ~ottc enfarcatttent, br arraetgcansnu ar ptuce!od-ngs rnxafvtng a
<br />resat ate- r f,.andar at ti`s aytraun, irp[rra rrattce to Bartosver, mat watts stash sppoartutces, dasfwrse such
<br />aa$ pits ;~,iaaa sra as tasc.-af.asy ts± ptasc:.t L.tnc[cr"s entereat, ::a;.xadr~, taut ran tireated tu, drsburxertrent c+t
<br />ai4ttasey'a atsd taatry er@an€e t6a Prxprrty era make reisaurs -} f_arder tcqutred rrwrtgagt tnwrance ore a
<br />ttsat of tptalirstg sirs ftaan twetrW try rhos bt,,rrtgats, flwrcwkea +t+adE pay t?Me taramrurtts raqurrsd t,+ mrirriaaax sarita
<br />atastratratt M tlavt traart tnra linos its rhr rt~psaiaettmtrrt tor t.a;k =reatuaa.s +crrnrnatcs n ;u:~r,rdan.s rant Burro*wer`. a+W
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