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<br />UtsrnoaM Covat+nrtTS. Borrower and Lender covenant and agree as follows:
<br />I, pryaraat of prlttxlpal acrd laterest• Harrower shalt promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Not., prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Mortgage.
<br />~, paw {or Tales and Iaseraaee. Subject to applicable few or to a written waiver by Lender, Borrower shall pay
<br />to Linder on the day monthly installments of principal and interest art payable under the Note. anti! the Note a paid in full,
<br />a surtt Eiterein "Funds") equal to one-twelfthf any~ptus one-twelfth ~ yeasrly premium tinsta !moms for hazard insurance.
<br />Mortgage, and ground rents on the Property.
<br />plus one-twelfth of yearly premium installments For mortgage insurance, if any, ail as reasonably estimated initially and tom
<br />time to time lay I,cttder on the basis of assessments and hilts and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits pr accounts of which are insured or guaranteed by a Federal or
<br />state agency Eittcluding Lender if Lender is such an institution}. Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and grotutd rents. Lender may not charge for so holding and applying the Funds, analyzing said account.
<br />pertrit~mLGnderd to mpakegsvch as charge ~Bortower and Lenderemay~ agree intwr i rig a~ttheefimen ofaexecutionaolf th s
<br />Mortgage that interest on the Funds shall be paid to Borrower. and unless such agreement is made or applicable law
<br />requirts such interest to be paid, Lender shall not tfe required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit fo the Funds was made. The Funds are pledged as additional security' for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds Geld by Lender, together with the future monthly installments of Funds payable poor to
<br />the due dates of rafter, assessrttents, insurance premiums and ground rents. shall exceed the amount required to pay said taxes.
<br />asseasatents, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amourt of the Funds
<br />txld by Lender shalt not be suf&ciam to pay taxes, assessments, msurancc premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary' to make up the deficiency within 30 days from the date notice is mailed
<br />by Lcmter to Harrower requesting paymem thereof.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall promptly' refund to Borrower any Funds
<br />held by Lender. If under pazagraph t R hereof the Properly as :old o; the Yropert} r; otherwise acgwred by Lender, Lender
<br />shalt app!)'. no later than immediately prior to the sale of the Progeny or rts acquiswon by Lender, any Funds held by
<br />Linder at the time of applica4ion as a credit against the sums secured hv~ thu Mortgage.
<br />3 ppplec>dtioa of Yayaxefs. Unless appli ~ deb}?1 ~ndtrifint :a paµmem of amounts payable o Lendea by Borrower
<br />Note and paragraphs 1 and ~ hereof shat! be app
<br />under paragraph Z heeeof, tl~n to interest pa}'abte nn the tiote, then to the princtpal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. CharRss: [,leas. Harrower shall pay all lase}. assessmrnts and other charges, fines and impositions attnbuta le to
<br />the Property which may attain a priority over this Mortgag^, and leasehold pa}merits ar ground rents, if any, in the manner
<br />provided under paragraph 2 hereof nr, if not paid m such manner. by Barroe;er making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all nauces of amounts dur under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly tumish m Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any hen which has priorty over this tiangakr: provided, that Borrower shalt not be
<br />required to discharge any such Lien so long as Borrower shall agree in wrr.ng n+ the p.a)mert a( the obligation secured by
<br />six6lien in a manner aceeptahle to Linder.:'r shall m good faith Gamest such lien hy, ar defend enforcement of such lien in.
<br />legal pra'etdtngs which operate [a prevent the rnfarctment of the I:crr i+r forfeiture of the Proprry ar an}' part thero~f.
<br />5 Harard Irtssraaee. Borrower shall beep for impmvrments now rxisung ar hereafter erected an the Property insured
<br />against loss In ftre. hazards included within the term "extended ~~*vrrage~ .and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require. pnnided. that I_rndrr shall not require that the amount of
<br />such coverage exceed that amount of cavtragc reyuired to na. the vain. crECSred h. this Mortgage. rovided.
<br />The insurance carrier providing the insurance shall he .hosen h} Borrower sub}ect to approval by Lender; p
<br />that such approval shall not be unreawnahly withhrld. .~\li pretnnim` rn insurance policies she{: be paid m the manner
<br />provided under paragraph 2 hereof ar, i[ not paid in such manner. b} Borrower making payment, when due, directly to the
<br />insurance cazricr.
<br />AIf insurance policies and renewals thereoi she!} br m fomt a~ceptabte to Lender end shalt include a standar mortgage
<br />clause in favor at and m form acceptable io Lrnutr. 1.rndrr sha;i hate the right to hold the policies and renewah thereoi.
<br />and Borrower shall promptly furnish to Lender all ttnrw-ai nea~es and a#t receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to the msuranrr earner and 1_endrr- Lender ma} make groat of loss if no[ made promptly
<br />by Borrower.
<br />Unless Lender and Bonawer otherwise agree in =--rtvng. insurance proceeds shall be applied to restoration or repair o
<br />the Property damaged, Provided such rtstarau<m ar repair is ens+nutnt~all}' feasit>!e and the security of this Mortgage is
<br />not thereby impaired. If such restoraton or repair Is not e~ononu.all} feasible ar d the security of this Mortgage would
<br />l>e impaired, the insurance proceeds shaft tie applied tc the sums secured b}' this ~lartgage, wuh the excess, if any, paid
<br />to Borrower. if the Property is abandoned h} Harrower. or it Barmwer tads to respond to Lender within 30 days from the
<br />dais nonce is mailed 6y L.tader to Borrower that [fie insurance carntr ofttrs to seine a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lrrsder~s opuan either to testarahon or repair of the Property
<br />or to the sums secured 6y this Mortgage.
<br />Unless Lender and Harrower otherwise agree m -+nung. an} w~h appiicauon of proceeds to pnnnpal shall not eaten
<br />or postpone the dot dace of the months} insiallmcnu rtfrrrcd it+in paragraphs I and '_ hereof or change the ampun[ of
<br />such installments. If utrder parageaph 1$ hereof the Property :s acyuued by Linder. all right, title and interest of Borrower
<br />in attd to any insurance policies and in and to the prcxaids three++! resulting from damage to the Property pear to the sale
<br />or acquisition shall pass to Lender to the txeent a4 the sum, ,toured hi this Mortgage immediately prior to such sate ar
<br />acgtiisitiaa.
<br />b. lhacsra~ sad Maiateaaaae of Propert}: Leaseholds: t"ondoraimams: PtantKd Unit pevetepraeats. orrowrr
<br />shall keep the prppenv in goad repair and shall not commit wash at permit impairment or deterioration of the Property
<br />sad shall comply with the provisions of any Itase if this Mortgage is on a leasehold. If this Mortgagr is on a unit in a
<br />uandomintum or a planned tint[ dtvt3opmtnt. Borrower she!! perform all of Horrowrr's obligations under the declaration
<br />or caveaanis crtanttg or governing the condominium ar p;annrd unit dcvcloptntnt, the by-laws and regulations of the
<br />cnndamiaum of p;armed unit developttttnt, and constituent documents. It a eonilominium or planned unit development
<br />rider is executed by Borrower and ricatded tagethtr with this Mortgage, the covenants and agreements of such rider
<br />star!! bt itrcorpotattxi info and shyly iunend and suppleirten[ the tavenanis and agreements of this Mortgage as if the rider
<br />+vsiiia y part itsr>~t1.
<br />~ rtMacliisa sit ¢ws/es`s Sativity. ll Borrower faits to perform the caven:uits and agreementx contained to t is
<br />Mons, or it say school ar prtseeetling :s cammencid witiclt materially affects Lender s Interest in the Property.
<br />eacltsditt~q, t»it not limited ta. eminent domain, insc+lvency" Cade cnfarcernent, or arrangements ur pnxe<dingx involving a
<br />~ry~ ar grit, tilts Leader at T.tndnftoaPraze~t ~Iendtr~scmte~cst,oncluding. bukeaot~him ed ta~cdisbuistment~ f
<br />raters at~l take such action as is necessary p
<br />raasonalris atttxrny's less and lorry upon the Praptrty to make rtpatrs, Il !,ender reyuired mortgage insurance as a
<br />tttndititm of irwkini tits lrttatt st&urect by !ttis Mongage, I3errasver shalt pyy tftt premiums rey[tiread to maintain such
<br />tatiiutttscc in rifler until snrlt trrrae as flee rtgtrutmsnt far such msurancr ttrnunates in acrftrdanet wtih Barn+wer's and
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