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<br />$~-0{579
<br />Uwi~oamt Covstt+nrtrs. Borrower and Lender c^verrant and agree as failaws:
<br />p. Fa}°ttte;ut of a e[ttespt~ st3t3 ptrsteresi. Burrower shall prampily pay when dttc the principal of and interest on the
<br />iadebtcdness evidenced by Elie Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />.>„ asy F:'4ure adv~•tses relayed by this Mortgage.
<br />.,~. Y. ;~ gor'9'~ 3ratts."e. Subject to applicable law or to a writter. waiver ity Lender, Aorzower shall pay
<br />ice Lender on rite day monthly insta?invents of principal and interest are payable under the Note, until the Note is paid in full.
<br />a aum (Lterein "F5!nds'`j equal to one-twelfth of the yearly taxes and asse__=smsnts which may attain priority over this
<br />~!ot• _ .._a •~ •he P ;r,tty :f t'•° ^_~-twelfth aC vsar!y oretnit~m insta!Itnenrs for hazard insurance,
<br />abate. a o a".r:.e..aa .s: to .^.-: c .. m.^,-y, p..., ....^
<br />p3us one-twelfYlt of yearly premium installments for mortgage insurance. if any, ail as reasonably estimated initiaNy and front
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />late agency lirciuding Larder if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />insurans~ premiums and ground rents. Lender may not charge, far so holding and applying the Funds, analyzing said account,
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest an the Funds and applicable law
<br />pet'ttiifs Lender ie make such a charge. Borrower and Lender may a,ree in writing at the time of executron of this
<br />Mortgage tiraf interest an the Funds shall he paid to Barrower. and unless such agreement is made or applicable law
<br />requires such inieesa to be paid, Lander shall not ire reyuired m pay Harrower am' interest or earnings on the Funds. [xnder
<br />shalt give £a Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />p3irpos2 for which each debit to the Funds ~sas made. The Funds are pledged as additional security fcr the sums secured
<br />by this Mortgage.
<br />Lf the amount of [he Funds held by Lender, together with the future mouthy installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required is pay said taxs=_,
<br />assessments, insurance premiums and ground rents as they fall due. such excess shall be. at Borrower's option, either
<br />gromptiy repaid to Borrower or credited to Borrawer on manthh' mstatiments of Funds. If the amount of the Funds
<br />he,d by Lender steal! not be sufficient to pay taxes, assessments. ;nsurancc premiums and gro~md rents as they fail due.
<br />Bcra: er shalt pay to Linder any amount necessar' to make up the dericrency within 30 day's from the date notice is mailed
<br />Sy Le¢dsr to Borrower requesting payment thereat.
<br />Upon oayment in full of a!1 sums secured by this Martkage. Lender shall promptly refund to Harrower any Funds
<br />hxtd it}' Lender. Lf under paragraph 18 hereof the Property rs sold or the Property rs otherwise acytrired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Propsny or is acquisition by Lender, any Funds held by
<br />Ladder at the time of application as a credit against the runts secured by this Mottgage.
<br />3. ~;e~iie~fon o€ Fayete¢te. Unless applicable law provides athtniist. all payments received by Lender under the
<br />Ldote and patagtaplss i and 2 hereof shall be applied by Lender first m pay mint of amounts payable to Lender by Borrower
<br />under paragraph Z hereof, then to interest payable on they ore, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />.8, ~hatgxs; Lfetg. Borrower shalt pay :dl rases, assessmrnts and other charges. fines and impositions attributable to
<br />rise Property which may attain. a prtority aver this Mortgage. and leasehold payments ur ground rents. if any. in [he manner
<br />provided under paragraph 2 hereof ar, d rot pa5d m such manner, i;y Borrower making payment. when due, directly to the
<br />payee Yheteof. Borrower shall promptly formate io Lender ail nutrces of amounts due under thrs paragraph, and in the event
<br />Borrower shat) make payment drectly, Bormwsrhall promp[!y tumish :o Larder receipts evidenetng such payments.
<br />Borrower shalt promptly discharge any Lien whtch has priority over this Liurtguge: pruvuied. that Borrower shall not be
<br />required to discharge any such lien w long as Burrower .hail agree in Hritmg to the payment of the obligation secured by
<br />such lien in a manner acceptable to Carideo ur -.hail in gax>d faith contest such hen hy, or defend enforcement of such lien in,
<br />legal nroceedinos which operate to orevcnt the enh,rctmeri of the ireu or Eorfct{ors of the Property ar any part thereof.
<br />~~ -S. )ilaasrd Itsitrance. Borrawer shall keep the improvements now exi.iing or hereafter srsctsd on the- Property insured
<br />against toss by fire, hazarc?s included within the term "extended :overage'-. and ,ugh ether hazards as Lender luny reyuire
<br />and in such amounts and far such pertodx as tender may reyuire; pro: rdsd, that Lsndet shall net reyuire that the amount of
<br />such coverage ex{.~er:d the[ amount of coverage reyuired to pan rite .um, +seured by this Rortgage.
<br />1"ae insurance carrier providing ohs insurance sltail i?t chosen 6y Borniwer ,abject to approve! by i.ender. provided,
<br />that such approval shalt net be unreasonably withheld. :'.II prent:ttnr on insurance pohnes shall he pain in the manner
<br />provided under paragraph Z hereof or, ii nut pard in su.?t tuanntr, ry Barrower making payment, when due, directly to the
<br />inS¢rarN." 2 Corner.
<br />AlE it~suranes policies znd renewals thereof shall tx in !arm .,.aep:abic to header and shall include a standard mot{gage
<br />oleo>= in favor of and in form acaeptabie to Lender. I.rndtr ,hall h.eye the :tght tai !;aid rite puliciea and rsnewah thtreuf.
<br />and Barrower shalt promptly furnish io Lender all tenswat :x+uce. and all ttcerpis of paid premiums. In the cetnt of toss.
<br />Barrower shall geve prompt notice to the msuran.e .eruct .:nal l.c:tde+. Lender may make proet of loss It not mode promptly
<br />by Borrower.
<br />iJaless Lender and Borrower otherw iss agree :n wrltux4. insurance prucesds steal! 6e applied to rtsWration or repair of
<br />the :'to~rty d~etagcYl, provides sash r ctrauun ur repair ~s +_ -r mx- tv ttir»bie and the security of this Mortgage ~.
<br />not tivereb}~ impaired. if such restutanan ur repair s •tnt cap r.imi.:_hy tuulblt or rt rite secant} of tMs Mortgage would
<br />lye impaired, the tnsuratace proceeds shall ~ upplie+.i m t:~ awns ±ncuted ba tbrs ~tettRage. vvrth rtes excess, it eny. pard
<br />to Barrower. if the Prapem is absndunW h} tiurruwer. ar ,! F~arrt,wer lath to respond to Lender wtthir. 3u days tram the
<br />date notice is ntafled b} Lender to Bornvwtr that d:e utwtailw .arr¢ef otters to settle a ciamro for rnauranve iii-,._ftts. t ender
<br />is authariz:d to collect alit apply the :a+urance pnsixeds at Leudst~s up{run either to resturauon .x repair .+i ilia Property
<br />ur F7sLd aatrns ~'.LUr':ii by ibis'd.oitg£g-e.
<br />Units; Ltr.ter and Barrow'tr a[herwi>c agree .n :artttng. any sudh appii::artan +,f pnxeeds to prmcrpai shall nut extend
<br />os postpone the d:te dart at the inanthiy imta![mtato referred to u. paragraphs ! and '_ hereut or change the aaniunt of
<br />sttcLt instatht:mnts. l! under paragraph ':r '3C=_ci the. Pr s cyurred by tinder. ill right, tilt att......,.. tat of Hurn±wer
<br />in and to nay utsuraax puirci~ and :r :md to the praceuis tthereut rssuluug from damage to the Pr.>pcr[y pour to the Sete
<br />ar uccttiisrtiorr shalt pass u. i-crsd;.r to tRa° :;.aunt ~=i tl~a: sums •,;:+;ureEi k+> thls ?.3ortgagc immediately print to ;ach sale ur
<br />acairisition.
<br />~, Pera~aEfc-e a;t;! M1£~siesatace a£ Prepe!#y; Le~,:_sa==?`s; t:andomininms: Pianaaa~d linii I~sebprnents. Borrower
<br />shall keep the Property in goad repair and shall not cemtnit waste or ptrmtt impairment or deterioration of the Property
<br />sad sftatl cumgly with rite provisions of any tease it this 'vtortgagt ~, on a ieasshold. It this 'vforigage is un a unit in a
<br />eondttmintum ur ct Pl:ennsd amt dsvsfapmeot. Ba. rc,wer .halt E.e rtat of ail of Borrower'a obligations weds the dt.aarauon
<br />ur cavt:ntunix creating or guvtrmng the candonnniiitn ar planned ur;tt deaal:~pment. the by-laws a{xf rcgulaticnts of the
<br />eandaritinium or planned nail develogtnent, and constituent d~ umcn{s_ ({ a ~:md,.minmm ar planned emit deceiapment
<br />rider i5 extcu{ed by Borrower attd rscor{ied tagethet wr;h [Yen Sinngage. the a,venan{s sad agrenmsnts of ,ue6 rider
<br />shall i?0 incorporated trite aad shalt am::nd and supQiemertt tits cu;:aant> .;nai agrccrtsnts of rill. triortgagc as rt ilia rider
<br />were a part txrsof.
<br />7> lrroicciiiia +af pemfar'S sa+rctuit',s, if Bxurawtr tali: ;si pvri:.rnt tin can•etearus attd agrsentenis vonraittsd rn this
<br />:mortgage. or ii aety rrx:tit7n of practedrn~; - +om,;,. rt vu ., .,~, .>,.,.a,. ati..cts ....rids. ; Iristest in the Prop~'rrv.
<br />s3Jaudsng. but not limited tu. ttntstent dorrtairs} :nsttSvcaig_ .ode 'rntntcentcr.{' rt .,n-angx.ftteuis or irracsed[ngs involving a
<br />tsa:.`trupY or ste<:sdent, then Leader at l.tndss`s <aiar:;n, tApem tx,.,e tr• i1c+rr„wet, luny tttaks .ach a},pearances, disburse such
<br />sums nod take sttt:4; a; rioa a, .s ix-x ccsary ;: prc,te.t I.enJsr: trite; est. .. .ludrog teat rut limned .~, ,trsbt.rsenten[ .~t
<br />,~?,;~~i~= sties`, €e>s a.~ a-~;- ug_r_tat .bs i'r*pzn. t€r rnakt >=pa:_s_ to t_,:€;'}er -_ s; rca :,xot tg,age [ns,raucs .v- .
<br />s:zvslSaaata a( malting th€ la~rur; stra:iast:d ny this Siirrtgag€, Bc n.-~.\, sr`x- i ,*uy rite . ~vmiunt, rcycstreal t > tttain{am s.;.h
<br />=<~sttrance gn f.~T.ii 5u-ttei 'rietifi {rn3C 17 .iii rCalS:if(rStf,ii it?f SlKfi m3+Araxis ta`°;irt;tiail',a :i5 ,i,:x'>?riiaity.~ Safih 64lrra\PL'r~c aitcf
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