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~j~. Q~172~
<br />Uxti•oant CovFx,txts. Borrowrr and Lender covenant and agree as follows:
<br />1. lPaymeat od PsiacINi aced Iratertst. Borrower shall promptly pay when due the principal of and interest on the
<br />indthtedness evidettoed by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on aay Future .4dvanets secured by this Mortgage.
<br />Z, ) f~ T+><as sud [ttaesante. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Ltttdtlr on the day ttronthfy installments of principal and interest are payable under the Note, until the Note is paid in t"u11,
<br />a sum fTterein "Ftttit~"? ~t~l do ott~twelfih of the ytarly texts and assessmems which may attain priority over this
<br />'datgage, and groum! tenu on the Property, if atty. pies one-twelfth of }"catty prtminm installments for hazard insurance,
<br />pTt~ uue-fwtffth of yearly premitim installments for mortgage insurance, if any, akl as reasonably estimated initially and from
<br />time tome by fender on the basis of assessments and bills and reasonable estimates thereof.
<br />'I'Tte Funds ahaTl be htTd in an institution the deposits ar accounts of which are insured or gttarameed by a Fedual or _ -
<br />s[a[t agency (including Lender if Lender is such an institution>. T_ender sha0 apply the Funds to pay said t;ixes, assessments, - -
<br />itbtteaClCt prerninms and ground rents. Ltrtder may oat charge for so holding and applying the Funds, analyzing said account, -
<br />or verifyfog and rnmpifing said assessrttents and bills, unless Lender pays Borrower interest on the Funds and applicable Taw
<br />permits Lender to rooks such a charge. Borrower and Lender may agree in writing at the Time of execution of this -
<br />Mrtrtga~ char interest an iht Funds stroll tse paid to Borrower, acrd unless such agreement is made or applicable taw
<br />requires such imereat to be paid, Txttder shah not be required in pay Borrower any interest or earning; on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual aceountrng of the Funds showing credits and debits to the Funds and the
<br />• purpose for which tack debit to the Funds was made. ~Il~e Funds err pledged as additional security for the sums secured
<br />by this Mortgage.
<br />Lf fTs ameu:t of the Famis held by Lender. together with thr future monthly installments of Fiords payable prior to
<br />the due data of taxes, assessments. ittaurance premiums and ground rents, she!! excced ihr amount required m pay said taxes,
<br />asatrraseentx, imuratrce prttniutsss and g€eund rents as they tail dnc. such excess shall be. at Borrower's option, either
<br />prrunptly repa~i io Borrowtr or creaittd to Borrower an manthty urstaliments of Funds. Tf the amount of the Funds
<br />htdd by Lender shah not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay io Leader any amount necessary to make up the deficieetcy within 3Q days from thr daft notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upon paytttent +n full of a!1 sums scoured by thss Mattgagc. (.ender steal! promptly refund to Borrower any Funds
<br />herd fry Lertdtr. If utxser paragraph Ig hereof the Properts` cs sold er the Property ss otherwise asqurred by Ltnder, Lender
<br />shall apply, rw Iattr titan irrtrnedfattlY poor to the ;alt .rt the Property ar its acquisiuen 6s• Lender. any Funds held by
<br />T_.etxler at the tone of application as a credit against the sums secured by this 3longage.
<br />3. ,-p~Titgfatt of paymeetr, Cinkss apphcabte law provides otherwise. ail payments received by Lender under the
<br />'Vote acrd paragraphs I and 2 hereof shall be apphtd by l.endrr firs[ in payment of amounts payable to Lender by Borrower
<br />untkr pa.agraph 2 hereof. then to :nterest payahic an the dote. Cher. to the principal of the Note, and then to interest and
<br />pnrxupaT on any Future Advances.
<br />d. t-~rRt!a: Lira. Barcower shall pay all taxes, assessments and iiher ~Iraeges. tints and impositions attnbutahle to
<br />tltt Propttty which may attain a pnority aver stets '.Mortgage, and kasthotd paytrn.nts or ground rents, if any, in rho manner
<br />pro-'ia1rea', w.d'cr paraaT'ps 2 k;zrK.> p::;. ~.~~ h .n~.,.,..r s,v Rn.rrtv;rr mai,ng n __.ne, whnr c __ directly tq the
<br />a ° :::.:.' a:Y, t avm_ tam
<br />ptyee thet~rof. Borrovter steal[ promptly furnish to Lender a}l notices of amounts due under this paragraph, aiu3 in the event
<br />Bo:~rswrr sltalk make pa}°trrni dtrectry~. Berrt~wcr ,hart Jrompttp l:irmsh to Lender rrceipts evidrncmg such pdymen;x.
<br />Borrower shall promptly discharge any i:en -.. h:ch has prronty over .his \longage_ prov:dcd, that Borrower shall not be
<br />required to discltargt any stx:Tt tiro sat fang as Borrower she!! egret it:.srit:ng ;a the payment of rhr .:blsgatinn secured by
<br />such lttn m a manner acctptabkt to ixndrr, s+r steak! in goad 'ante comrst such 3sen hy. ,+r :iefend enforcement of such tiro in.
<br />legal p€cx:eedrngs which operate to pre.°e:tt rk- enfrrcemem of the tiro os fartei;asrc .±t thr Prapery t,r any pan thereof.
<br />~• F'd itte. Borrower .haft 4.eep the :mprat-rmtnts noK r±nnng c+r hereafter erected or. the Property insured
<br />agnrrat Ic+xs by fire, hazuds included within the trim 'corroded :avrcage~ -and such other hazards as lender may rcymrc
<br />and ;n such attsouna and ter such ,-coeds :rs [.rndtr may rrquirc, pis-~.tded. chat Lender shall not require that the amount of
<br />such covtragt axtred that amour.E of ~avcragr rrqu+rrd is pas t3tr ,oms .ecurcd by this Mortgage.
<br />The itrsuraaee carrtrr provtdinft cite rnsucanu sbalk bt ; hcstn b} Borewer subject to approval by Ltnder, provided,
<br />that srxh approval shah not tx emrtascar+abky withheld. .14! premiums an insutaricc poiictes shall bt paid in the manner
<br />providtx! trader paragraph '< tiercof ar. ±f twat paid sn suyh m_anntr. h} Borrower cooking payment, when due, directly to the
<br />tnsttrarxx Cart7G'.
<br />AlT i~tr€at•~:c pe:ictts art,! :l:;tCw3k3 t'.tere:+. strati `e ;e; t.:rtrt ~:c_pta6#c to !.ender and shall mehide a standard mortgage
<br />douse in favor of and in form act:rptabit io tinder ksrdtr chat: tease inr right t.+ hold the policies and renewals thereof,
<br />atx! 13wrowrr shalt promptTg furtush tc LemTer ail renewak naucrs and al! receipts of paid premium;. In the event of loss,
<br />_ Barrtrx¢r shakk t'iwk tstz3mpt ttetiee to thr :nsurancr vzrrrct and i_cnctcr l.rnJrr may maize nroaf of loss tf not made oromotly
<br />by >torrntrcr.
<br />Utsitaa !.ender and Bnrrsw~cr athrrwise agrrc }n writing. insuraice ;xacrrds shah be applied to restoration ar repair of
<br />fix T=raperty datttsget7, provided siuh :rsturauon ur report ,s ecesnomxaity !eastbk and the stcuruy of this Mortgage is
<br />cwt thie~eby imparted. If such reatoretean ar rrpau rs trot rcatn>m:ca;ky irasi'nk ar ii the suunty of this Mortgage would
<br />be ittapaued, the inatu'at[c'.e procttds she!! be applied to she sums xcnrcd bs rtes Mortgage. write the excess, if any, Paid
<br />to Borrower. Tf ihr Property is abaiulorttd ht Bo:« swu, :r ;t Bcsrrawtt to+ls so respond to Lendtr within 30 days from the
<br />daft taouce as mailed by Lendtr to Borrower (has she .nsuranct ~arcier ukien to settle a claim for insurance henefits, Lender
<br />is atslhortztd ro ccvllect and apply the ensuratxe proceeds at Lear,:,wrs .option other w restoration or repair of the Property
<br />or to tTte sums se+:u€td by Chia Mo€tgagc-
<br />Uttkss T:ertder acid &rrrowcr otherwtx ageer in wriung, any such application of proceeds to prtcipal shall not extend
<br />or pcmtpoate tkx dtx date of the munthW instaflmenLS rrfrrrtd io in paragraphs ! and '_ hereof or change the amount of
<br />stash tctsiatlments. tf tutder paragraph IR hereof the Property a± acyutred by Letuier, a!i right, tick and interest of Burrower
<br />is atu9 to env inswaace txtliciea and m acrd to the arax:ctds iherwt resukting from damage to the Property prior to the sale
<br />or aGgteiariion shalt part to T-tndtr to the extrnt of the sums stvurtd by t3tis lortgage immtdiattly prior to such sale or
<br />acgttirsition. '
<br />6:. Ptesxrwa~ ~ '.l4tdsaeam~ a! Propertg: [,t~thott~ Coasdoatiniaena Plonoad Unit Devefopnseats. Bormwet
<br />sisaTT keep the Trrespttty in good repair am! shat! not commit waste or permit impairtrtertt ur deterioration of tht Proper(}'
<br />aired shaft ctxnply wifh tTtY prtsvisions of env }test tf thss Mortgagr :. tart a keasehold, 1€ this Mortgage is on a unit in a
<br />ctmsci4taiuitarrt or a pftuaocd ua# dtvtlapmtat [iorrewar shall periarm ail of Burrower's abligsuors under the declaration
<br />?r tewrts creating or governsng the c.°+atiomimum ar planned wort drvrlopment, the by-laws and regulations of the
<br />or ~ tonic ais.~r:n' pment, and cartstituent dcxtttnents. Sf a condominium or planned wort development
<br />rix~ is caaxvked by Pswrower acrd rawtsded together wuh this Mortgage, the covenants and agreements of arch odor
<br />'.at ~ ;acct am; ;;tar aa;,t~ atsd supitf.=ntttri the covcttants and agreements of this Mortgage as tf the rider
<br />~aa x pater .
<br />?, i9agac~aie ai ttadas'a 5aaaat~, !f Tiorrover teals to per€ctrtn tfse eovrnarus and agreements contained in this
<br />~= ~ •it ate or prcxttedirtg as cotntrxtte~tf vrh;>-ir matttiaify aTie:,ts Letxier's inttrt5f in the Property,
<br />itt!aTtrdttg„ bur teat Tius.btf *.a> ttalintttt dynnaitt. ittsnlvtm:}, code rntorcttrxnt, or artanxttnenis ar prcteedings involving a
<br />~ ut' dttcad~tt, thin T errdar at Le 'a~tt's optu>n, upon notice to Borrower, may males such appearances, dkaburae such
<br />utena erred taut `oath aaiirna as is tsacsuy fir proctor Lender`s tntettat, including. but not finsited to, disbursemtm r?t
<br />tact attaesae}`a trice aasd cart!! upon the Prafttrty to make reports. ff [sttdtr- rtx}uittd mortgage insurance as a
<br />xf :tsa$6xtg tTw serrate-.f bg clots .4:rrtgagrc, Birr~rer shall pay the pt'tyttitttms regtaired to maintain sttth
<br />i~ ear trntiT time a>: tttt ri±quittattnt for xtach ;rtsurarxt te€mtnatas in ateatrdttrect wath Bsxnwcr's and
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