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<br />X31--f) (i 11 ~ 1
<br />LJxrirotttrs Covexsxts. Borrower and Linder covenant slid agree as follows:
<br />1. Taywea# of ?eiwclpM ass Itelrteat. Borrower shat! pr~rptiy pay when due the principal of a»d interest on the
<br />iadolnetines evidenced by the Note, prepayttten[ and late charges as provided in ehe Niue, and the principal of and interest
<br />~ any Picture Advances sectrred by this Mortgage.
<br />$. Frtsds;ior'Ctattea aid lesarsuce. Subject to applicable law or to a written waiver Cvy Leader, Borraerer snail pay
<br />e.. two ..r, [w(m day [~onthfy itzstatkneats of principat and intcresf arc payable under the Note, until the Note is paw is full,
<br />a stmt (herein "Fonda"} equal to otte-tweHN of the yeary ta_><es and assessments which may attain priority over tttia
<br />MottBwge, and gnotxrd rents oa the Ptnlrerty. if any, plus Dire-twelfth of yearly premium installments for hazard itttatlattie,
<br />phis ota~twetfth of yearly peetnitua inittallmenta for mortgage insurance, if any, ail as reasonably estimated initially aced from
<br />Esau W ttate by Letrakr on the basis of aameats and bills and reasanahle estimates thereof.
<br />71re Fonds shall 6e held in an institution the deposits or accounts of which ar¢ insured w guaranteed by a Federal or
<br />state agency fiachating Lender if Lender is such an ittatituNon). Lender shall apply the Funds to pay said taxes, attsestmeats,
<br />inauraaca pectniuma aced grotrral rents. t_cnder may not charge for so holding and applying the Funds, analyzing said account,
<br />~ vcifying and wmpiiing said assessments and bills, unless Lender pays Borttmer interest on the Fttrrds and applicable law
<br />permits Leader to nuke such a charge. Borrower aced Leader may agree in writing at the tune of execution of this
<br />Mortgage Nei interest on the Fttads shah 6e paid to Botrewer, and urilesa such agreement i§ made or applicable lass
<br />rearm etch inmost to be paid, Leader shall not be required to pay Borrower any interest or eartvngs on the Ftttrds. Lettdar
<br />k:~ give to Borrower, without ~args, an aortal accotmaing of the Funds showing credits and debits to the Funds sad the
<br />purpose for which each debit w the Funds was made. The Funds are pledged as additional security for the sums scatted
<br />by this Mortgage.
<br />If the atttotmt of the Fund: held by Lender, together with the futwe monthly installments of Fonda payable prior to
<br />t!K due dates of taxes, assessments. irtsnrance premiums and ground rents, shalt exceed Nt amount rtquired to pay said fazes,
<br />ts~ameats, insurance premiums sad grouted rents as theq fats due. such excess sfiaU be, at Boraower's option, either
<br />prcmtptly repaid is Boetrtarer or credited to Borrower on monthly installtttcnts of Fuatls. If the amount of the Fttads
<br />hdd by Lender shift trot be stifficira€ to pay taxes, assessments. insurance premiums and ground rents as they fall dire,
<br />Barrawer shalt pay to Leader say amatma necessary to make up the deficiency within 30 days from the date notitx is mailed
<br />by Lem~er to Borrtwer regttssting payment [hereof.
<br />Upon payment in full of all sums secured by this Mortgage. [.ender shall promptly refund to Borrower any Funds
<br />Itefd by Leader. If uttdsr paragraph 18 hereof the Property is sold or the Proper. is otherwise acquired by Lender, I.ertdtr
<br />shaII apply, no later titan itnmedeatefy prior to the sale of the Properly ar its acquisition by Linder, any Funds held by
<br />Lender at the tittle of application as a credit against the sums secured by this Mortgage.
<br />3, AppYeaflan d Fa)'~ Unless applicable law provides otherwise, ail payments received by Linder uadcr the
<br />Note sad paragraphs 1 aced 2 hereof shall be applied by Ixnder fits[ in payment of amoun[s payable to Lender by Borrower
<br />itr~er paragraph 2 hereof, then to interact payable on the Nate. then to the principal of the Note, and then to iatereat and
<br />principal oa any Future Advances.
<br />B. Chargesq Lktr. Bortowcr shall Day alt taxes, assessments and other :barges, fines and impositions attributable to
<br />the 1'ropsr[y which may attain a pnarity over this Mortgage, and leasehold payments or ground rents, if any, io the manor
<br />provided trader paragraph 2 hereof or, it not paid in such manner, by Borrower making payment, when due, Directly to the
<br />payee tixtttof. Borrtrtver shall promptly ftunish_to Lender all rouses of amounts due under this paragraph, slid in the event
<br />Borrower shalt make laymen[ directly, Borrower shall prompt}y furnish to Ixrdzr receipts evidencing such payment<.
<br />Borrower sfiall promptly disctsarge any lien which has pnonty over this Mortgage; provided, chat Borrower shall not be
<br />:rx}uir~ to disehar~e any such lizn w fang as Barrawer shat', agrzz in ::nt:ng to the payment of the obligation secured by
<br />such lien in a manner acceptable to [.ender, or shall in good faith cartes[ such lien (:y, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforecmen[ of the lizn or forfetmre of the Property ar any part thereof.
<br />S. I34sYd 4stsaace. Borrower shalt kelp the improveroents now zxisung or hereafter erected on the Property insured
<br />against loss by fire, hazards im;ludid within the term "extended coverage:', and such ether hazards as Lender may require
<br />sad is such :unounts and for such periods as Lxndtr n:ay rcywre~ provided, that Lender shall not reyuire that chi amount of
<br />stub coverage exceed Nat amount of coverage required to pay the gums secured by this Mortgage.
<br />1Le imuraace carrier providing the insurance shalt be chaser by Borrower subject ro approval by Linder, provided,
<br />that such approval shall net be unreasonably withitzki. All premiums on insurance policies shall be paid in the manner
<br />provided tinder paragraph ?hereof ar, it twt paid in such manner, by Borrawer making payment, when due, directly to the
<br />ittmurance cattier.
<br />AB iastttatuc policies and renewals thereat shall ae in farm acceptablz w Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Leitdcr. Lender ,half have the right w held the policies and rinzwals thereof,
<br />,ad Borrower shelf promptly furnish to Cinder all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt rwtice to rite insurancz tamer and l~ndzr. Lender may matte proof a€ lass if not made promptly
<br />by B:xrowu.
<br />Unless Leader and Borrower otherwise agree in wrenng, insurance pracezds shaft be applied to restoration or repair of
<br />the property damaged, provided such restoration or repair is zconamicatly feasible and the security of this Mortgage is
<br />trot thereby impaired. If stub restorauon ar ceparr is not economically feasible ar if the security of this Mortgage would
<br />be impaired, the itutuattce proceeds shall be apptie~ to the sums secured by this Mongagz, with the excess, if any, paid
<br />ut Hormwer. If the Property is abandoned 'lay Borrower, cr et Borrower testis to respond to Lender within 30 days from the
<br />date notice: is maim by I.e»dtt to Borrower that the insurance carrier atfiers to settle a claim for insurance bettzfits, Linder
<br />is authorized to collie[ a»d apply the insurance pro:txds at Lender's option zither to restoration or repair of the Property
<br />or to the sums secured by this Mortgage.
<br />Unless C.e»der and Borrower otberwisz agrez :n writing, soy such application :>f pruc:zeds to pnnapal shall not extend
<br />or postgoee tfte dui dart of the monNly installments referred to in paragraphs I aril '. hereof or change the amount of
<br />such iastagrnents If under paragraph 18 hereof the Property is a~yuired by Linder, ail right, title and interest of Borrower
<br />itt and let any insurance policies and in and to the proceeds thereat resuiung tram damage to the Property prior to the sate
<br />or acquisition shad pass to C.eader to the alert of the sums cleared iav this Mortgage immediately prier w Such sale er
<br />ac9misitian•
<br />~, Nrtlerraltett trrd Rtpiptesiaace of Property; LeaseMtlds: t.'ondominiuttn; Plaaaed Linn Devebprnents. torrower
<br />shell ltiap the Nropcrty in good repair and shall not commit waste ar permit impairment or deterioratiar. of the Property
<br />apt shall comply with the provisions of any lease if this Mortgage is on a lzasehald. if this Morigagt is ou a unit in a
<br />ewndominium or a planned snit divclaptnent, Borrower shall pctform alY at Bonvwer's obtigauons under the dea:latation
<br />at covenants c:reatiag or goveritittg t~ cottdommium ar planned unit deveiapment, the by-laws and regulations of the
<br />co>adanittlttm or planned unit development, alt; canstitucnt dtxumints. tfi a condominium or planned unit :Izvelopment
<br />rider ~ executed by Borrower sad recorded together with this Mortgage, the cavinan[.s sac} agrzemzn[s of such rdzr
<br />i of itK-oYporated into slid shall amend arsd supple:t;rnt tits covenants and agrezments of this Mortgage as if the ride
<br />wttira a part hataot.
<br />°f, !§pepacBast et iasda+°a $rctai>,, if Bonaw•tr fails to petiarnt tLte covenants and agrecmznts contained in this
<br />w' if any ;stiors or ptoceedi»g u ausnmeoeed which maicrisily atlec:ts Linda's inttsest in the Property,
<br />but rwt firaited ta, eatitten. dotttaitt, ittsatveocy, code enforcement. or arrangctnints or ptozecditigs inval:•itig a
<br />hpsitrupt rn dectde»!, the» I.etnkr at Lender's optioo, upon notice to Borrower, may make such appearant~, disburse such
<br />asuni slid tatty such acticut as is necessary to prottx:t I.crtdei s interest. irtciuditsg, but rot hmued ta, disbuisemcnt of
<br />attossiy's few amt antry upon the Property to make rzpaits. If Lander required mortgage insurance as a
<br />of mah~Z rite loan secured by this Mortgage, Burrower shuts pay the pritrtiunu required to maintain such
<br />iriaatttutie le ei'ier.~t until suelt tittle as rise requitearertt for stir lx tnsattanco ternsinaria to accotdattce weth Bcuravver's slid
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