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<br />Uvrronnr Covr=x.ar::s. Harrower and Lender covenant and agree os L,Ih,,.,
<br />I. Pppment of Principal noel iutcresl. LSormu'cr shall pn,ntlnly pay ,when due the principal of and in!crest on the ~.
<br />indebtedness evidenced by the Note, prepayment and late charges as provi:icJ ut the No!t, and the pnncipal a( and interest
<br />on any Future .Advances sec acrd by !his 6l ortgage.
<br />2. Funds for Tazts and tnsarance. Subject !o apptica6le law or to a wrinen waiver by Ltndtr, Borrower shall pay
<br />to Lender on the d:ry' monthly installments of principal and interest arc payah{e under !ht Note, anti! the Note is paid in (all,
<br />u sum (hcc_in "Funds") equal ro one-twcif!h n( the yearly !axes and :rtscamcnix which may anain priority neer this
<br />Mcrtgagc, and ground rents on ells Prapcrty, i( any, phu one-twcl((h of ye:u~! premium installments (or hazard insurar.cc,
<br />pros one-twelfth of yearly premium inuallments for mortgage insura ncc, if any, all as reasonably estimated initinl(y and from
<br />tints to time 6y Ltndcr an the basis of assessmems and bills and reasonable cstim:rtes thereof.
<br />Tht Funds shall be held in an in. itution the dtposi!t or accounts u( whkh arc insured ur guarantted by ? Pedcral or
<br />start agency (including Lender if Lendtr is such an insti [tenon). Lender shall spi,!y the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lcndcr ntay not charge for s, hnkGn~ and applying the Funds, analyzing Said account,
<br />ar verif}'ing and compiling sai(i assessments and hills, unless t_eniicr pays Borrt,wer interest nn the Fends and applicable law
<br />perrmts Ltndcr to make such a charge. Borrows and 1_ender m:r; :rerec ,n ,airing a! the time of execution of this
<br />Murgage that interes( on the Funds shall he paid to Borrower, :md :ntlcs< such agreement is made or applicable law
<br />reyuires st;ch inttresi to be paid, Lcndcr shall not be rcquircrl to pay R<,rm.rcr .:ny interes; t,r casings on the Funds. Lcndcr
<br />shall give to Bonow-er without charge, an annual nccnu nt!ng of the I'uneit s.ho~.v ::,.r creel ~!t and c!ehits to the Funds and the
<br />•wcposc for which cath debit to the Funds was maJc. "fhc !=amts arc plcJ:;rJ .:, a:!diuonal scairity far the sums secured
<br />try this Mortgage.
<br />If the emount of the Funds held by Lender, together +vith the iuuuc mon:I:Iy ins;;diments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiun:> :md ground ;cots, shall cxrctd the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents ~:,s !hc (aI! due, r.:cit exerts shall he, at ISO; rower's option, either
<br />prampdy repaid to Borrowtr or crcdired to Bor-owcr or. :nnnthly in<:alhncnts of Fords. if the amount of the Fords
<br />held by Ltndcr sha}I not be su~eicat to pay taxes, assessments, utsurancc , :-emiums :uui c.round rents as they (alt due,
<br />Harrower shat! pay to Ltndcr any amount rccessan~ in melee up the efeficrncv_ within ;0 daxs (coin the date notice is mailed
<br />by Lenue: to Burrower requesting paynter,t !hereof.
<br />Upon payment in (all of all alms sceu:cd be :h;< ~t ort c.?ge. I crrlcr zh:+:i ~ rontn(I,: reftmd to torrower any Ftmds
<br />heed by Le:edct. 1[ ~sndcr paragraph 1S !tercof the i'-_pcr: is sold nr ti±c I'rol,cr•. a oche nvi<c acgwrcd by Lcndcr, Lender
<br />st:al! apply, nc :a!tr than :mntcdia,c!}~ poor to !t:e talc r( !hc Prnpem. ,- ;tc aequar,roit fir; LotCcr, any Funds held b}'
<br />Lrnutr at the :;:nc of apphca;ior.:s :credit against ;hc s;:nu stc ura: b: the. >ionga cc. ,
<br />3. .lpplicntiun o[ I'aymcnts. ! ~.n!css apoiicabie law ~ vide; n..~.~n:nc. i. , aymtr.ts rr:a:td by Lcndcr ur.tlcr the
<br />No!t ar.J ,^.a: agrapht I and 2 ae:co( sh:ai t+e apy-.tied y !,ender ;first u; ;: ::rc:n ni amounts payabic to i.cndcr by Borrower
<br />under paragraph ? he tcof, then to in;crest payable nn the Note, ihrn .n u+c iinci p;d of the No:;:.::nd then to interest and
<br />roc. pal on any Future Advances.
<br />3. Chacyes; Liens. Botrcu~cr shai pay ale taxes. atccssme,;ts a.,;1 nr,_; "„ hr,es ; r.d unpositmns attributable to
<br />the Nsptrty •.vhica may attain a priori!Y o'+cr th:s .`,1 ntrac. a:tJ !ta .., ., --,}nte:~`!s,nr grmuxi :ants, if any, in the manner
<br />rsro:,ded under paragraph 2 hereof or, i( set l:a:d in ;.fish :canner. b,c.,iS,v :,~~.+~. ,::akinL ha::uent, when due. directly l0 the
<br />Pee !!tercof. Borrower shall pr:.-nu:!y (u:nah to !_ec,'rr ail Hoare; ni .::c„r.n!, :!ac ,finder !ins parrgrapit, aad in the event
<br />iiorrc„-er s:^.al! maize papn?ent d cctly. Bo: ro,rer >ha:i pr. mpt;} 'ue ni,r: !, ,.:ndcr :.crip!> ::~iden.ing such payments.
<br />licrru~F cr st?a!I nca:nptly discharts ;:r.y !ice '•vhrc!? has i,r:: r.;y c-~ t. ,.+.. .'.!.,:>L.:ge, pi::.,:. ~. lira: ii nr rz;w•cr sh:+ll not be
<br />re.tu:zed :4~ d:echarge any such l:en c--: ii:ng as tic-crow-er +t:a.; atrcc..:n `..:... .n :he ;. r.., n! the abliga!inn secured by
<br />,.;~.'t l:c;t :n 3 manes acccpuL•a :o Lrndcr, or st:a;l :a rn+,u ;ai;h : n:;tr.; ~., ~, n~ ., ,: icy. o:~sd_ r::,l c;,lurc: meet n( such else in,
<br />~c=;,I ,^ oc etd:n.g; which operate t~ p.cve n: the ur ~ccutrn __ ..,_ ,. i... s.~ of !,.~ !'r~pert}' c, any part thereof.
<br />5. hazard insuranti. Bo; ro•.:cs sita!i i:ecp !its ;:np : •rr.:c n:, ~~:......,. :creaLcr erected or. t':e !'ro;arty insured
<br />,+;a:ns: !ass by fut. hazards incladcd •.: ithut she :erne "cctendcJ ~, .~. _...;. _.. .. ,aher hazards as i_ender ;nay rcy.urc
<br />a,.d .n st:cii amounts and wr sac:^. pcnods as Lcndcr :tray rcqu:r: ~ir:.:dc.'.:h:u Lcm!cr ~,iali r.o! rcywre that the :mount of
<br />_....., co: crags txt^_cd It:at amour:::! cove: Sgt rcq:,ireti ; . t ... _, ,a. y} !hn Sf orrgayc.
<br />!3e ,n-.: r,n~c c2rner rovi„u?g .he ;, sue: n- aha(I t;t ~ h ., _ +S _ __ -. ;e:; t_ _ .... ~:r Le'tue r: provided.
<br />tba: u,ch app royal shah r,ot be unr casa;:aGic ~.vithi:cSd. :+.i! p:~_n,:ums r:: .:..:.._ ,. ~.~Scs -. i~+aii~,ic paid rn !hc rnanncr
<br />;,: ov,dt:, undo pa: agraph Lcrcof o~, +f not pa,d sn su=h ^tan r.u, "y Br: n~-~c- :raR:ng payrncat, when Jua, d: redly to lac
<br />tiUL'ranP- Calmer.
<br />A;: ,asuranrc Pohcles an., [trrs ..is thcrcc.:,ai: h~c .~. fo.,.... ~::.. :.~:,.. .: n: .,.,.li :n.' :dc .. _.andarJ mortgage
<br />Jvause :n (s~ror of ., :d ~n .`o[m acccpratac 'v Lcru,r. __..,. u.,..... ., hr Lo!J~ a.:. i min:c; ;:.ut ._nc•.+an thv[co(.
<br />Had Bt;r:a .vr s.`roiI promptly toroth to Ltm!cr all :c:.,. ,, .:i =to!:.c. -:.:d ;.: :., c;l=ic rN naid lucm,ums. In the event cf loss,
<br />iiorr,nscr shall g:vc prorupt net:ce :.,'hc nuuru:cc c.: r:~c, sou '..cr.,ir: . ,......:rr+y :u.ac pr,,.~t of loss if not r.:adc pro:?'.l:;iy
<br />Dv Borrower.
<br />~niess Lcndcr and Borrutrr. oatcn,;,c ayrcc i,. , ,~ ., ius,,:ancc , . ~ .... sc!:i L_ ; I,I;cd ,. ,ctturafiuit o[ repair e(
<br />the Yropen} damaged, prov:JeJ such :cs!o[a::on or ,-.,ur ;s .., :, ,; tt;~:ii, `..-'as;,ic ::ut!.:i;c s_cuuty of t!ta !1c[tgag;: is
<br />os: +hcrcb;, impa:rtd. ff such rtztrrl ~ or .. !:-i' s ~,-: c..: r., ,.r;.:,, :,, ....~,, , :' •itc sc ~:. ~t •, c( .His S!orsgagt we~a!d
<br />x unpa;red. the uts,ua:ue procacds si:ai; ba apples.: !„ zee sa::u ~...,:._.. ~. iiuz ".L,r:y.u-_a. ~,,;;h ;fir c. res, if any, paid
<br />to Burro'+er if ;he Ptoputy a char?.;e:.... :1;,;,, we:.:. B~.-~;:, .. .. ... „ ;c-,In,eJ i., .: er wahrnt 3U days ;ran; tht
<br />d.,se nc(ire n nuiltd b}' Lcndcr m IIo:;o:-es ;".~::; :he -_=su r.:ncr c;,..,r, r:'cr, ~a _,,:. ;, ~-e,.;: ~(or :muranet i:eneti;s, Lender
<br />~.s a,......,,:c.'.. ..:;!tot a:; app: ..?c , ts:.,....cc _ :occcds _, ..~.,,.cr . ,. ~.,,-ci .., .~s,,ua,:o o. - ~. the Pro ..•
<br />' .. ~ ~ ~ n air
<br />P_. ;,:
<br />v.:o :he sums :rca;ed bg ~h;s Mer~ a
<br />;g' gc
<br />}:^tc>s Ler.de[ and Borrow t: otite nt;~e :;g:< ,,. ....trng.: __~....~ p .-.,ii„n ,d ~ :reds :u ; [: nc:}r,,l :.hale ma exter,a
<br />~ .:.vs;pu:..:he due art of :hC !n, a , .-..;al!maas ......--~ ,., :u i+, ; n,:~ _ trcot nr ~itange _,._
<br />sa.'t ,, ,:ai: moats it trtc:cr ,pa:ag•a;>it !, ,tc. tot Lc , ix~r , , ., i ':_r:~ ... a ..;ga:, ,.;`c a::d , t,c:c .~( Bo^owc[
<br />:n ....,, .a 3a} rx::a;:cc pohut; aad :^ a::,, tr. ,:, ...,., :'.tc:e,~I ~:r.::,::n~ :.. ..: .,:ur.ayc ,,. !hc Propcr:y hnr~r to :hc sate
<br />y_.:~ 1• ,i.^.S:SJ:I 11.5 io L-i:if<t: :~ ..,_ _.: l'nl ). .. ~ _t., ,~ tl':.1:,-.r~ `,l ly.; 1!I ~i.t,.,i ~:IOr t:) SL'~h SaiC~r
<br />.. ~.:;S:tti:::. ~
<br />~. Prtstst avian aad '+iaiatr,tanct of I'roprn}; t e:nvh;dds; (~omlonriviuur+; i'iamrert l:nil Ue. clopatcnts. lin[tawcr
<br />s'-:aE seep :ht Propu ty is good rei:air a:;d shai! not come,:: •.v ante er pennn :mpatnnen'- or dcicrrora!ion of the property
<br />ar,d zSa:= et,mpi? ~a ern the I. ~vatoai u( aay Itast it Ibis ~l,:ng:;g;; ,5 on ., Ic.,uh,:id. !( !iav ~9 nstgagc is on a unit in n
<br />: ,., ...,_..I:hn:r}t O: p: d::nGu ...... ,,.:Ci0p:1tC.^.i. 3crraw~cr st:ali ,crtor,u ale , 8u:r„~s cr~, „hl:~~:ro;z: ,:::der the iledaraticn
<br />.- cc'< ..s ne: g b- ,g ;h c rc dG.r.., , ftt t, Lane ~: ., ,._ _ .. ~c .., -
<br />L', i - •+:1~:" ,.t i a:!d i~.gt:,ationt (?( the
<br />.,.3: tt i- •r.; a: pianaea ;. ~t ~ciopmtnt, a;:c, .su:uco- i~;: u;ncs.° !! .. .,.. r,;~r.iu n „ rwatd ,nit sic:chpmcn!
<br />:riser as czt:utru by Borrower ai;d rttordtd mgctittr wr:n trot Atougayc, fibs :a~rcruits ;nod :igrecments of such ndcr
<br />strati be mrorpu:a;c;i seta anC sh:tii ant.nd a:t.: supp;cment the ea.tnsn;s ::;:, ay:come:ts ,:,f !h„ :~1o:tgage as ;; rite ride[
<br />>.ert a part hcrto(.
<br />'+ PraFtctian of ieadcrs Security. if ut - r. ia~-- _c:(, r n i:? t :+ ~tt :n,: ..~rcrn nos coutau:cd •n teas
<br />Mortgag_, ar sI a, v act,an vs peinctcdeng .s cnt.rn,e,,evJ „<ti.h r..a,cr.,r'i. i .t.:s [., ndcr's ,i,tc cst •in the Proper.},
<br />.Armud-nd G't =at to t:! ,o cm~ r ii .aamain, i t von - du c,i!t : - t, r 'gcn.r,u•. br p:txccdmgs i- v- I ~ g a
<br />u-arkr3y.t o. 3cadtr+t, ,t;_n ,.. e.:,,e _. Lenuer's of -five ',. e r, _. s~ ;., se ~.u,'h eplzcaraurct, e .,i wst .,xh
<br />sur;as sod rakt srseh aet,an as a accessary w ^•:=tea rf tndefs ,,,-~,es;, ,.:,,!,rt:nE, het .._, sii*v;eel to- disberse,^^,:c.:;
<br />crass-nzt,ie at:erac}''s lets aad en?ry u, or: the {'raper:}~ to rr;asc^rcl,.u:-. .. crrCCr rtaFc:,w ., utgtgc iruu!an<c .:. `a
<br />car.dst;a, a?: g +he s.an ..,...:: ~,., uy .;ls ~:crtg.:g~„ vr,,,,,. ~ ,
<br />. - c cot r : : .;;
<br />.: s.r'x..c., ia, .:,cc. .,..tit st h .,r;a ._. -,v + gat`. .-, ,,., .... o-~-.. ,. i.t ~., .. ~ r,.,. ,.- ,.., le,.
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