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<br />Ut+rnoaM Covert~tvrs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Pr6axlpod sold fahrest. harrower shall promptly pay when due the principal of and interest on the
<br />in~btednps evidenced by the Note. prepayment and late charges as provided in the Note, and the principal of and intctest
<br />on any Future Advances secured by this Mortgage.
<br />Z. Fttad(t for True and Taeotamee. Subject to applicable law or to a written waiver by Lender, Borrowu shall pay
<br />to bender on the day monthly installments c` principal and interest are payable under the Notc, until the Note is paid in full,
<br />a testa (herein "Ftxtrds") equal to Otte-twel€th of tt~.e yearly taxes and assessments which may attain priority over this
<br />Mortgage, and gtonnd rents an the Property, if any. plus one-twetfrh of yearly premium installments for hazard insunttce,
<br />plus Otte-twelfth of yearly premitmt installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />tittle to tithe by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Futsls shall be held is ar. its*-itution the deposits ar accastnts of which are insured ar guaranteed by a Federal of
<br />state agsncy (inclttdang Ltreder if Lender is such an institution ). Lender shall apply the Funds to pay said fazes, assessments,
<br />ittsstrattce premiums and ground rents. Lendtr ma} no[ charge for sa holding and applying the Funds. anal zing said account,
<br />or verifying and rnmpiling said assessments and bills, unless [.ender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and !.ender may agree in writing at the time of execution of this
<br />Mortgage that intuett on the Futtds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />re4t+i~ such interest to tx paid, Lendu shall net he required to pay Borrower any interest or earnings oft the Funds. Lender
<br />shall gismo to Borrower, without charge, an annual accounting of the Funds showing credits and debits to oho Funds and the
<br />ptttpou for whsh each debit to the Funds was made. The Funds are pledged as additional security for the sums suttted
<br />by thu Mortgage.
<br />If the amount of the Funds held by lender, together with the future monthly installments of Funds payabh prior to
<br />the due dates of razes, assessments, insurance premiums and ground rents, shat! exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they tall due, such excess shalt be, at Borcower's option, either
<br />prt~ptly repaid to Borrower or coedited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Leader shall not be suf5cent to pay razes, assessments, insurance premiums and grou[td rents as they fall due,
<br />Harrower sbaU pay to 1-trader any atnatmt necessary to make up the deficiency within 30 daps from the date notice is mailed
<br />by Leader to Horrowu rtgttestitrg payment [hereof.
<br />Upon payment to full of all sums secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />told by Ltrsder. [f under paragraph 18 hereof the Property :s sold or the Property is otherwise acquired by Lender, Lender
<br />shah apply, no inter than immediately poor to the sale of the Property ar its acquisition by [xnder, any Funds held by
<br />Lander at the time of application as a credit against the sums secured by [his Mortgage.
<br />~laa oT Pa-y-...~, Unless applicable law prvtdr otherwise. aCl aaytrxrts rtetivtd by tender atsder the
<br />Mott artd paragraphs l attd ? hereof shall be applied 6y Ixndtr first m payment of amounts payab!t to Lendtr by Borrower
<br />coder paragraph 2 hereof, then fo interest payable on the No[e. then to the principal of the Note, and *.hen to interest and
<br />principal an any Future Adva~es.
<br />4. ~i Tjeas. Harrower shall pay sit taxes. assessments and other charges, fines and impositions a[[ributabie fo
<br />the Property which may attain a pnarity over this Mortgage. and Ceasehoid payrtunts or ground rents, if any, in the tttatuter
<br />provided cadet paragraph 2 hereof ar. if hat paid to such manner. by Borrower making payment, when due, directly to the
<br />payee thertof. Horrowet shat! promptly furnish to Lender al! ounces of amounts due 'under this paragraph, and in the event
<br />Borrower shalt make payment directly, Harrower ~haii prnmpuy furnish to l.c:td~~r receipts evideacmg such payments.
<br />Borrawu shall promptly disct`_arge any teen •..h[;h has prtanty ostr tilts Mortgage: pravtded. that Borrower shall no[ be
<br />requiml to dischat'ge any such Iron sa long as Borrower shall egret to unsmg to the payment of the obligation secured h}
<br />such lien in a monitor aectptdble to lxnder, or ,half in gaud fat[h comes[ .act; lien hy, or defend entorcemeni of such lien in,
<br />legal aroccgisnoas whtth opera[[ to prevent the cntarctrritat of the irtn .ir tartttturt of the Pmpeny or any Dart thereof.
<br />S. Rrratd Itts~aaee. Borrower shall i,eep the rmprovtments now es:stmg or !;ereafter erected on the Property tnsared
<br />against !ars by hre, isar~tds rrrcluded within the term "corroded coverage-'. anti such other hszards as Lender may require
<br />and ~n such amounts and for such periods es Lendtr may :euv:re: ro::dec. that 1_ender shat! not re;!uire that ihr. amount of
<br />such cavtrage ezcet<C that amount .>t 4avcragt regwred to pay tee +ums secured by th,s ittwtgage
<br />The insurance carrier providing the :rsurance shall be :Rosen by Borrower subjec[ re approval by Lender; provided,
<br />that such approval sha1C not t;t unrcasanab!y' withheld. ACi premiums .+n insurance policies shall bt paid :n [he tnan[,tr
<br />pravidtd under paragraph 2 hertoi or, ~i ilex paid in ;uch manner, try &}rrower making payment, when out, directly to the
<br />imstrattce carrier.
<br />Ail irauraace pohcets and rcntwais thereu[ shall !se :n term ,rccrptab(e to l.tadcr and shall ;nclude a standard mortgage
<br />clause in favor of and in form acceptatale to Lender. Lendtr shaC! have the ;:ght to livid the policies end renewals thereof.
<br />attd Borrower uhaii promptly furnish to Linder ail rtntwai natters and si! receipts of paid premiums. In the event of loss,
<br />Horrawu shalt give prompt nonce to tht :nsurance ~arrer and Lendtr. Gender !Tea} make pr<xsf of loss d hat made promptly
<br />by Borcavru.
<br />Lrnlw. Center and °;duravrtr otherwrt agrez ;n wrong, tnsaranet }~rc~~eeds shad !_x app!itd to restoration or repair of
<br />tlw P,-r+rx.-ty damaged, pravidtd such rtstarattan ... repo:. s ecanam:~a!ly +tas[ble and the :eeurity of this 9tortgage is
<br />not thueby impaired. Cf sucCt restorat:an ur repast :s nut ec:unumrcai!y :eastb!e ar :f the saurtty of this Mortgage would
<br />tfe :mpnued, the insurance practeds shall tx appCred to the ,ums secured by thu Martgagt, with the excess, if any, paid
<br />to Harrower. If the Praputy is aCrando[ied by ~arrower..x ~t Borrower taxis to respond to Lendtr wultin 3(i days from the
<br />daft notice is tttailed by Lendtr tv Borrower that ~tse assurance :other otters ro settle a claim for insurance benefits, Lender
<br />is autlasnttd to cod~ct and apply the uasuran:e proceeds .er Lender_} option e±tfrer to restoration ar repair of the Property
<br />ar to the stems securai by this Mortgage.
<br />Utxitss Letufer and Borrower otltetwi,t agrtt .r, wrung, ana such appltcarivn of pr:xteds ra prtnctpaf shat! not extend
<br />ur postpone the dot dart of the monthly instalmetts :a-2erred to itT paragraphs and '_ hereof w change the amctmt of
<br />such it~allmenu_ If under paragraph (E !tercet ±ht Property is acquued by lender, a8 right, tale and interest of Burrower
<br />is and to say insuratce polxies and in and [o the proceeds thtrevi resu!ttng tram Damage to the C'mptnp prior to the sale
<br />or acgtiasttion shall peas to lxnder to the cxttm of the sums xcured !n :his ltortgagt ~tnntediately pow to such sale yr
<br />aagurattton_
<br />6. Ptiraac^svadea aed Na~e uT Property; t.racelsoli~: Coadonniairtmst Plaaaed Gait Ikcelop.tents. tlarrawu
<br />ahttll ktwp the Property in goad repair and sksail not commit waste yr permit !mpairrrnnt or detenoratron of the Property
<br />aAd s#satl wanpty with the pmvisro>is of any Cease d this Martgagt is an a lt~held. ff this Mortgage is en ;i amt m a
<br />sx>ttuat ar' a pCanntxf unit derelapment, tlarmwer shall perform tit of Bprrawer s .stsl:gauons under [he dtclarauan
<br />~..~r..~"--. tsts :.,°~ezing ar grvtt'ntng t~ cu::cia:F:naum or P.anntd a,mt dtvxlvp:rxnt, the by-Cavaan:i rfgee!_t:oras _?f the
<br />ettadataiaiwn a: planned unit deve}oprnent, and arsstiiuent drxuments- If a condominium :.*r nienrttd .tort +kveiopneent
<br />rKttrz is euttd ~' Bortos[ret sad rtxatsled u}gtthet soli thss Mwtgage, the ~avcttatxis and egrts:mtats of such ndcr
<br />shall ha irreorperated into and strati amend anti suppCtment rite .avenants arssC agrtcments cf tts:s Mongagt as if else rider
<br />w~ra a peat lKrsof.
<br />7. !~ oaf Is,~er'a ~xey. tf St:rriswtr fails to prfnrm t!u cavtnavss an_C agrecnteuts tentasn d in this
<br />IigpatiE~• ar if ray action ar ptrxeediag is contrrurxtd whtGrt mareriaCly afft'ats Lender's :merest in the Property,
<br />itaeltt$itsj. text not litt~tad ta, erttinent tiazrtain, insolvency, code snfarctment, or arrangrmenrs ar pri+cetdings involving a
<br />tta~ifrupt or desxdcnt, then l.erxi~sr at Lender's option, upon native to Har:awct, may make such .spptarattca, dtshusse such
<br />s and tnltt strh as9.axt as is rreiest+at)~ to pratts:.t Lettdtr's cnicrest. .ncludtrty{. >sut .rcu Camtttd to, ctistsurstment of
<br />r~ :tr~e~ay: f#~bsFt~ 235try k3pGTt tti$ PrUpCrt~ iG .ixsl:e 7Cpa€F3- l: i 2ild+:r itc{ISitYd mr?ttga(t£ In$Ut3nCt ai a
<br />;:€Mldit.~tt €at ~ trio loan szyt~`tst ?:y [lira Mortga;€e. Iicrrawrr sssal! pay ttsc premtvrsts required to maintain such
<br />i'Ha4t ix+ rtTett tmtil sctctr tie as :he raquirtmcrat far 4sach ;nsuranct term±natex in accordais,:e wssh Aarrrwtr`s and
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