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<br />U1V7FOttM CAVantnte'rs. Borrower grid Linder covenant and egret as fowhen.dt€e the Principal of and interest on the
<br />1. t oq Ptritaci@at sad ItNerest. Borrower shag promptly pay
<br />indrbte3r!~a evidenced by the Note, prepayment attd fate charges as provided in the Note, end the principal of a,-.d intet~t
<br />ctt any Future Advaaccs secured by this Morigage. Borrower shall pay
<br />~ 1 {~ Ttu~ >~ Ike. Subject to applicable law or to a written waiver by Lender,
<br />to Lert~s on the day monthly installments of Prfnepal and tntrrest are payable under the Note, until the Note is paid in full,
<br />a ~~ ~~zi,. "Fury"; eg~ua to one-twelfth of the yearty~ taxes and assesstrtenta which may attain. priorir~ Duet t.`.is
<br />Mortgage. and ground tints oo the Property, if any. plus orie-twelfth of yeatiy pee it;m in~mtlments for hazard insurance,
<br />plus otte•twelfth of yearly premium installments for mortgage insurance, if soy, all as reasonably estimated initially and from
<br />dmr to tune by Lender on the basis of assastnents and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are ~ 2n ~ rasnat~~ dssess~
<br />state agency f including Lender if Lender is such an institution). Lender shall apply sand accauttt,
<br />insurance premiums attd ground rents. Lender may not charge for so holding and applying the Funds, anaiyzittg
<br />opermits Lender to mke~ uch a chargen~Borrower and ~r mayy agreeonewriting a~tthe t me o a x~~tn of this
<br />Mortgage that interest on the Funds shall be paid to Borrower. and unless such agreement is made or applicable law
<br />Pequires st~h intents[ to be paid, Lender shall not be required to pay Borrower arty interat or earnings on the Funds. Lender
<br />shag give w BorrOwcr, without charge, an annual accounting of the Funds showasgaddt~tionalnsecurity fordthr sums secured
<br />purpose for which each debit to the Funds was epode. The Funds are pledged
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and around rents, shall exceed the amount requited to pay said taxes,
<br />assesrs.~tents, in:utran~ Oresv~er ors meted Uo Borrower on manthly~instal ments~of sF rids. • Ift the remount of !the Funds
<br />promptly repaid v taxes assessments, insurance premwms and ground rents as they fall due,
<br />held by Londe. shall not be sttfftc~na to pa,
<br />Borrower shall pay to Lender any amonnentnnecM ~?' ao make up the deficiency witl»n 3o days from the date notice is mail
<br />by I.ertder to Borrower requesting pay
<br />Upon paymem in fuB of ail shu» hereof she}ProtPert}~s¢sotd tint htePropeny is otherwise acgti redbv LenderY Lender
<br />held by Lender. ff under paragrap
<br />shall apply, no later than imtntdfaitly prior to the sate of [he Property or its acquisition by Lender. soy Funds held by
<br />Leader ai the tint of application as a credit agatabtet lawu mvides1Ctherwise~ a!1 payments received by Lendtr under the
<br />3. Appficatios of Psy®e~a• Unless app P
<br />Note and paragraphs t and 2 hereof shati be applied 6y Lender fine in payment of amounts payable to Lender 4y Borrower
<br />under paragraph Z hereof, then to interest payable tin the Note. then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />q, Cttttagexi hkas. Borrower shalt pay all taxis, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over th+s Mortgage. and leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or. d not paid m such manner, by Borrower making payment, when due. diraaly to the
<br />payee thereof. Borrower mall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment duectty, Borrower shalt promp[ly fuentsh to Lender iovttded, thaaeSorrowereshallynot be
<br />Borrower shall promptly disi:hargt any lien which has priority over this Mortgage; p
<br />required to discharge any such lien so tong as Borrower shall agree in .vnung to the pa}ment of the obligation secured by
<br />st_~h tiro in a manner acceptable to linden, or shall ir. good faith contest such,ie^ hy, or defend tniorcement of such lien m,
<br />legal proceedings which operate to prevent the enforcemtni of the loan or : rfeiturt o[ the Property or any pan thereof.
<br />$ }teyard hxt+rance. Borrower shall kcep the tmpruvtments now exisurtg or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term °evtendtd eoverake". and wch other hazards as Lender may reyu+re
<br />and in such amounts and for such periods as Lender may reyu+re; provided, that t.tnder .hall nut reyutre that the amount of
<br />such coverage exceed that amount of coverage reyutred to pay the wnu +ectFred by this Mortgage. rovided,
<br />'Ilte ins!+ra~e carrier providing €he insurance shall bt chosen by BOrrowtr subject to approval by t-trader; p
<br />that such approval shelf not be unreasonably withheld. All preimums on insurance Polta mentslwhen due,tdirectly to the
<br />provided under paragraph 2 hereof or, ,f riot paid in such rnanrttr, h} Bonower making p' y
<br />fosttttutce carrier.
<br />Alt insurance policies and renewals thereof shalt be m torn acceptable to Lendtr and shall include a standar mortgage
<br />clatter in favor of and in form acceptable to tinder. Lendtr ,hall hate the right to hold ilia policies and renewals thereof,
<br />and Borrower shall promptly furnish to Lender all re+ttwat notices and ail rectil±ts of paid premiums. In the event of loss.
<br />Borrower shat! give Prompt notice to the insurance corneae end [.ender. Lender Wray rtake prtwi of toss if net made promptly
<br />by Borrower. ~ , vg's shall be applied to restoration or repair of
<br />Unless Lender alit Borrower othcrwtse agree in wntcng, ir+surancr pr -°'-~•
<br />the Property damaged, provided such resiorauon or repair is tc~nomically teas+ble and the security o[ this Mortgage is
<br />not thereby impaired. If such restoration or repair is not e vnomrcatty feasible or if the security of this Mortgage would
<br />be impaired. the insurance proceeds shaft be applied w the stems secured 4+} this Mortgage, with the excess, if any, pa+d
<br />to Borrower. If true Property is aba€tdone+i h} Burrower. or a Borrower tads to respond to Lendtr within 30 days from the
<br />date notice is mailed by Lendtr to Borrower that the insurance carrier oRets to settle a claim far insurance benefits, Lender
<br />is aurhoxized to calfwt and apply ttte itts+;rance prxtecls tit Lender's option tither to restoration or repair of the Property
<br />o[ to the scans secured by this Mortgage. ltcation of roeeeds to principal shalt not extend
<br />Unless Lender aad Borrower athervrise agree :n wetting. an} such app P
<br />or postpone the due date of the monthly installments referred to in paragraphs i and 2 hercrof or change the amoun[ of
<br />such installments. if under paragraph ! S harts[ the Propen} +s acyuired b} Lander, alt right, title andtnteresQOt, Bthe~sate
<br />in atul to say insurance Policies and is and to the proceeds thereof ruu[ting from damage to the Property P
<br />or acquisition shall pass to !,ender to the extent of the sums secured by [his Mortgage immediately prior to such sale or
<br />acquisition.
<br />ii. Preservation and Maiatercancr of Property; Leasetwlds; C'nndaminiutns; Planned Unit pevelopmtnts. Borrower
<br />shall keep the property in good repair and xhaB not commit waste or permit impairmtnt or deterioration of the Properly
<br />and chaff comp!}' wit:! the ptovisiotis of an} Vease :f thee Mortgage is on a Itasehotd. If this Mortgage is tin a unit in a
<br />condoitrinium or a planned unit development, Borrower shall perform off tit Borrower's ohliganuns under the declaraLOn
<br />or covetuaats creatit~ of governing t:.t condominium er manned unit development. the by-laws and regulations of the
<br />condontin~ur or P~~ rowerdandre o tt~i,dandoethtt+tw the hips Mortgagcf thrUCOV ~tanttsa rid pgreene nu'tof a uchprider
<br />elder is axtcuttd by
<br />shalt be incorporated into sad shall auuead and wpPtement the covenants and agreements of this Mortgage as it the rider
<br />wart a part hereof.
<br />? ~ ~ s,~~r+a g~w, i( torrower faits to perform rate covenants and agreemen[s contained in thee
<br />Mortgage, or it say action or practeding is commenced which matenaff} affects Lender's inierasi itt the P-optrt}•
<br />ir+.kudiag, but six fimtted to. trnirttnt dixnain. +nselvrni:s', ~adt er.tomttntnt, ur arrangements or prcii:eedings involving a
<br />6aukxuPt or drerdent, then tt[tdtr at Lender`s npuun, upon notice to ESurrorvtr, may make such apptaranct~s, disburx such
<br />stints and take s~xh a:~ ar„1 tESt~t~.rs stir Property to~makenreP~a ts~t ~~udit ~c~urequtreJnmortgagtttiruuren4rn+s+la
<br />ntasonafslt setotaeY .
<br />eorsditeixi of ntx:ivg, the ttuat st,ured b}' rhea MarYyagc. Borr~,wer shalt pay the prttniunu reyuited to manta n such
<br />it~tuaa+ee in effect tmtit s,ucft that ax the rryuittiunt for such snsuraa'c ;ermutatts .n accordance wi[tt fioraiwcr'~ and
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