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~l--Ut-.t~.50
<br />Ilxteastal Covexnwrs. Horrowcr and Lender covenant and agree as foBaws:
<br />i. Payaseat of tam la/erat. Borrower shall promptly pay when due the principal of and interest on the
<br />iadebtrdness evidenced by the Note, prepayment attd leer charges as provided in the Note, and the principal of and £ntereat
<br />ere gay Ftrtnre Advaatts secured by this Itnortgagc.
<br />_. Ptseds [ar Tales arts Dt~sce. Subject to applicable law or to a wrtitten waiver by Lender, Borrower shall pay
<br />its Lender tm the day marthly itrstaBtrrents of principal and intsrrst are payabk under the Note, anti! the Note is paid in full,
<br />rt seat{ (herein "Ftmtia'~ equal to one-twelfth of the yeatiy taxes and assessments which may attain priority ovee this
<br />Mottgaae, and srot>•td rents on the Property, if any, plies one-twelfth of yearly premium installments for hazard insurance,
<br />plus o~tvrelfth of yearly premirmt irsstalltmatts for mortgage insurance, if any, alt as teaaonably estimated initielty and from
<br />time to time by Leader on the belie of assessments and bills and reasonable sstimatea thereof.
<br />The Funds shall be he48 in an institution the deptu£ts or accounts of which are insured or guaraniced, by a Federa- or
<br />{date agency (inctud+rrg Leader if Lender £s stxh an iastittrtioni. l.ert~r shall appy the Fonds to pay said taxes, asseutnents,
<br />irrturaace pttsxrsirrnrs and groartd rents. [.ender may not charge for so Bolding and apptyfng the Funds, analyzing said account,
<br />or verifying and compiling said auessmenta and bills, unless Lender pays Borrower interest on the Ftrrrds and applicabts law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the tiros of execution of this
<br />Mortgage drat intereu on the Funds shall be paid to Borrower, and tmtess such agreement is made or applicable law
<br />*s; {less wch interest to be Imid, Lsndez shall not tx requires to pay Borrower any interest or earnings on the Funds. Lender
<br />~shaU give to Harrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds ate the
<br />parse for which each debit to the F'urtda was made. ilea Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future tnonehly installments of Funds payabk prior to
<br />the due data of taxes, assessments, insurance premiums att0 ground rents, shall exceed ttte artwttnt required to pay said taxes,
<br />asseapnerttc, insurance premiums and ground rents u they fall due, such excess shalt be, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments- of Funds. li the amount of the Funds
<br />bdd by Lender shall not be strtficiertt to pay taxes, assessments. insurance premiums and ground rents as They fall due,
<br />Borrower shall pay to Lender any amount nesessan to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upon paymem in fuB of ail soars ucttred by thee Mortgage, Lender shall pramptty refund to Borrower any Funds
<br />lrekd try Lender. If uada paratgraph lg hereof the Proper{} is sold or the Property is otherwise acquired by Lender, Lender
<br />ts6ail apply, iw later ffian imttiediatefy prior m the safe of the Property cr its acquisition by Lender, any Funds held by
<br />Lander at the titre of application as a credit against ttte sums secured by {lies Mortgage.
<br />3. Ap/ifratipa ed liieyy mama. {totals applicable £aw provides otherwise, all payments received by Lender under the
<br />Nests and paragraphs 1 gad Z hexwf sheet tx applied by Lender first m payment of amouna payable to Lender by Borrower
<br />trader paragraph 2 hereitf, ztim to interest payabts on the !vote. Men [o the principal of the Note. and then to interest and
<br />prirtc~pa! on any Future Advances.
<br />4. lJeaa. Borrower sha£I pay al{ taxes, assessmerts and other charges, firies and empositions attnbutabte to
<br />the Property which may attain a prior_ty over this Mortgage, artd leasehold payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if na paid in such manner. by 8orrttwer making payment, when due, directly to the
<br />pays thereof. Bormwu shalt promptly furnish to lender aft notices of amounts due under Mts paragraph, gad is the event
<br />Bturawxr sheet niske payment directly, tSOrrov:cr shat{ promptly tumuli to Lender receipts evidencing such payments.
<br />Btrrrowar shaft promptly discharge any lien whicfe has prtontp over :his Mortgage: provided, that Borrower shall not ere
<br />requited to discharge any leech lien xo long as tlnrrawer shall agree in writing to :he payment of the obligation secured by
<br />such hen in a manner accxptaMe to Lends{, or shall in good faith context such lien by, or ikfenil enforcement of such lien in,
<br />mar t......T..:i.,s., whh or..rate to ~cvsni ten etiore s;<nt of the lee:. or farfeotu:e of t~ P:oY..r[y cr any part thereof.
<br />S. Haar! iaettrrrice. Borrower shall kelp the emprovements row a:isrtng nr hereafter erected nn the Property ensured
<br />'+taro-t toss by 8re, hasxrds ituftided within the term "eztettdsd coverage". and loch other hazards as Lender may require
<br />and in strmh atrtatiats grad for such periods as Lander Wray require: provided, Mat L.cnder shalt not require that the amount of
<br />socFs wverage exceed that amount of coverage required ro pa} ilia sums secured by Mix Mortgage.
<br />'lira tffitrraace cattier providing the insurance shall tx chosen 6y Borrower subject to approval by Linder: provided,
<br />that such spptova! shag not be trareasonabty withheld. Aft premiums on insurance policies shall be paid in the msntter
<br />providotf ttuder paragraph : hereof oi, if run paid in such manner, by Borrswer makmg payment, when dtx, directly to rite
<br />itts~ai'cs carrier.
<br />AB itaursnct policies and rersewah thereof shall 6e io form acccpiable to Lendez end shat! im:lutk a standard mcrlgage
<br />clatrte;2t favor of and in form accaptahk to Letskr. ixnder shalt have the right to holed the pa£icies and renewals thereof,
<br />asd I~srs~~ ahs££ proatpefy Itrrrtistt fa Lender a£1 retxwai rtaucex and art receipts of paid premiums. In the event at toss,
<br />8ott+tarr6t shall give prompt notice ra the irtsuraace carrier and ixnder- Lender Wray rnakc port{ of lass tf met made promptly
<br />try Eiottotreser.
<br />Utrlas l.e~t atsd aorrowet at$erwise agree m writing, insurance proceeds shelf be applied to restoration or repair of
<br />ewe arty ~, ptavideS such restoration ar ropaer is ecoriomtcaiiy fessibte and the security of ti:is Mortgage :s
<br />riot thereby mitred. tf such restoration or rspau is not economtcai£y feasible or if Me security of this Morgage would
<br />be isaipausd, the intutaaCe prooseds sheet be applieal to the sums seared tr} tilts Mortgage, with the excess, if any, paid
<br />m 9wrowcr, If the Property is alwndotsed h} t3orrower, or if Borrower fads to respond to Lender wrthrn 3t) days from the
<br />data ttotiae is [traded by Lender to Harrower that the easttrance carrier offers to setae a claim for insurance txttefits, Lender
<br />rs at~iaad ra pct atal apply the insurarrc~ profs at f.errdsr's option either to restoration ar repair of the Property
<br />o: eta tlac teems sectuod by this ItiarspgE-
<br />t! Letstfer and lilmrotver othcrwrsrt agr~ :n writing, any such application of pro.:eeds to pnrtctpal shat! nM extend
<br />or rite due date of the rrtaathty insrailrnems referred to :n paragraphs t and 2 hereof or change the amaum of
<br />sut~r ice. tf »adat paragraph I'3 hereof ilia Property is acquired by Leader, alt right, title and interest of Borrower
<br />in gad to gay insurance pd~ies gad is and to ttte proceeds tlxrwf resulting from damage to the Property prior to the sale
<br />or aet#utsitiaa sdtalt pew to Lersder to ttte extent of ttte sums secured by this 'startgage immediately prior to Such sale or
<br />i. !llaassvaiise aea# of Proeeity; I.easeiivr~ Citstwaeti Plttaaad iStatt t')aeelapaeata. Borrower
<br />tt6all kRep the Property its good repair and sbai! teat aomaut waste or pearait impairitrerra or deterioration of the Property
<br />gad ahaB corapfy with tIw g:ov a# any lease if this Martgagt: is on a £easeho£d. Ef this Mortgage is on a unit in a
<br />aiia or a pfannatf unit deveftptnear, borrower shaS£ periasm all of Btrrrowct's obligations under the declatadwt
<br />~ caicaavdi creatt~rg ~ gv ~rrung the condarniniam ar planned tmn dcvekaprnene, the 4y-laws and regulations of rite
<br />cvRdtrtaiaitmi m piaapmd unit developaiene. and canstitueat documents. if a candontinittm or planned unit development
<br />is eatns~d by Bwtawsr and re~ardsd tcagerlter wrth Mil- Mortgage, the covenants and agroentcnts of such rider
<br />sitiagi 6e iatxxparatad mto atad shall amend and supptearem ttte wveuants and agreements of this Mortgage as if the rider
<br />stmra a part hgrouf.
<br />'! '; ~ l.¢tr3at's ~. If Horraw~r €aiis to perioma ttre cov~aants gird agresurcrtts containzsi in this
<br />z tx if gay attioa ar praxadirtg is camavrnesd which materia£ty aHecls Lender's interest in the Property,
<br />but ai+t iieaitad to. eaaioenr dtnaain, ittialverw}, code enfarcetnertt, or arrartgsrttents or proceedings involving a
<br />+x d[= {hero Leatiar at lasaafar'i aptim:, open ittniic uz Borrawcr, {nay make such apprarart~s, disburse such
<br />- ra#s h scuimi ~ is r~essary to ptotr~,.t Lender's .meta{. +rs£adtng: but ,tot £imirsd ta. dis£turmttstent of
<br />r atrararty'a test and entry+ ippop tits Prapeny tie rnakc reparrs. It l.en:fcr squired rnartgttge ittwr:utu. as :.
<br />ikti of ~ it>rt trier{ s~sucd try thri Afore;age, Borrasret x£sai£ pzy rite premiurris rcqutrcd to maintain ern is
<br />tgtt#ta Ha s~sct untaf trtwtt bate as ohs rpgerirataeot for rtith iniaitaoxar terminates is acca>rdarx-a with Barreswat`x and
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