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<br />~I-°(30173®
<br />Utatrarar CotratnArrrs. Borrower tt~ Ltsntier covenant and agree as follows:
<br />3. M Prtr~s$aF acrd Imo. Borrower tha8 promptly pay when drte the pritrtipai of and intstsxt oD tht
<br />evitleased try the Nate, prepayareat stud late charges as provitded in the Note, and the principal of and intettrat
<br />era say FrXUre ,Advances secured by thin Mortgage.
<br />~. -Fads ter Taus tad la~ee. Subject to applicable taw of to a written waiver b7r Lander. Borrower shag imp
<br />fo Lender on the day monthly sttataltuunts of pri~ipai and interest are payable under the Note, until the Nots is paid N full,
<br />a sum flser'ein "F[mdt"1 oquat to otu-tweifttt of ehc yearly tatters a[td assessments which tray attain priority over this
<br />u sad ~ t at< t~ °iY, if any, plea ~ e tl€th cf ;~°!y ptarniutr. itts€aflmzstts €er hazard iffiu.~an~^e,
<br />twetifth of yearly premhsn ~aliarents for mortgage insurantx, if any, aU as reasmably estimated initially utd from
<br />tirtx ta time by Loader on the basis of amessmean aad Mils and reswnabk estimates ihHeaf.
<br />Tim Fonds shall be lrEtd is an it7rtittttion the deposits or accounts of which arc instusd at guaranteed by a Fedwal or
<br />E staate agtttey fittctudiag Lemkr if Lender is strch art it~tittttkan). Lt:ader shalt apply the Funds ta pay said,tazes, assessments,
<br />~ iasruaace ptemi¢rns sad grauad rents. [.erader may not charge for so hohiiag artd applying the Foals, analyzing said account,
<br />err vetifyiag and com~liag said ssasarments and hills, unites Letader pays Botrwver interest on the Ftt~s a~ applicable law
<br />ptrtrttlts Lasdes to make stteh a charge. Borrower sad Lender may agree in writing at the [inx of execution of this
<br />C Mortsage that inttrcst on the Ftmds stall be paid to Borrower, sad urdess such agreement is mods or applicable law
<br />rrquirea strelt interest to be paid, Leader nhaii not be required to pay Borrower any interest err tatnsagr oa the Fturds. Lender
<br />shall: grve to Harrower, without charge, an annual atxAUntittg of ttx Futw~s sltawiag tredits a~ debsu to the Fturds and ttu
<br />' ptarpase for which each debit to the Funds was mask. The Funds are piedg:d as additional sultrily for the sums cured
<br />by this Mortgage.
<br />tf the amotme of the Funds held by I.ettder, [ogerhet with the fuettri monthly installments of Funds payable prior to
<br />the dm dates ~ taxes, assaameata, itssruatu:c premiums and ground tenet, shall cxt:ced the amount required to pay said taxes,
<br />_ auwmfatts, inautanoe prcmiwas ar>a ground teats as they fall due, such excess shad be. ai Bnrrowtr s option, either
<br />prtttaptty repaM m Harrower or credited to Borrower on monthly installments of Funds. If the amotmt of the Funds
<br />held bq Leader shalt not be s[td6eMOt ro pay taxes, assessments, irtsurantt gremivtns and group rents ss they fall due,
<br />Harrower shall pay !a Lsxzfltr aay arrtaunt nuessaty to males up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower retluestsag payment thereof.
<br />Upon paytaea sa fu8 of aU sums nectucd by this Mortgage, Lender shah promptly refund to Borrower any Funds
<br />heW by [.caster. If trtsda puagraph 18 hereof the Prcpcrty is sold or the Properly is athtrwiu acquired by Lender, Lender
<br />>~ap apply, rra later than itntttadiately prior to [tic ask of the Propem or its acquisition by Lem+er, any Funds field hY
<br />Lernler u the tune of ap{tiication ~ a crtxtit agaittta the sums secured try this Mortgage.
<br />3. Ap~Me>Yhe Cf Pyl~ats. Unless applicable law provides athtrwise, ate paytncnu rettivtd by Lender under the
<br />Norc aad paragraphs t atxt 2 hereof shall be appited ray Lender first in payment of amounts laayabie to Lender by Borrower
<br />utterer puagraph 2 hereof, then to interest payable on the 'Note, then to the principal of the Note. and then to interest and
<br />principal tm soy Future eldva~s.
<br />4. ~ I~saa. Borrower shah pay alt taxes. asussr!aints and ath-r charges, fins and impositions attributatate to
<br />the Property which ntay attain a priority over this Mortgage, and leasehold l:~apments or ground rents, if any, in the manner
<br />pcv.idoci tilidit paragraph ~ hereof or, tf oat paid in such manner, by Barrawir making payment, whim due, directly to the
<br />payee tJtettxt. Borrower shall promptly furnish to Lender all noucis of amounts due under this paragraph, a~ iD ttx event
<br />Borrower shall matte paytrter[i dirrrtiy, Harrower shah pramprip furnr;h to Lens'.ir r..;,ispts evtdesxirg sorb payments.
<br />Boittwva snail promptly discharge qty laert which hu priority over this Mortgage: provided, that Borrower shall not be
<br />trqusred to discharge arty such lien ~ is±og s Barrawer shalt egret in writing to the payment of the obligation secured by
<br />such ilea is a manner accepiabk fin Lender, or slral! in goad faith contest such iitn by, ar defend enforcement of strati lien in,
<br />~~ prt.+s~ which aperars to p~-vet=[ !!~ crt.^ ~-.=rr:tz of t.*.t :gin or fa.,,...... of t n PraY..rty a: any paK thereof.
<br />~. l;$asard laoraaee. &arretwer shad keep the tmpn»emints now earsung ar itcreafier crecrid on the Property insured
<br />against ~ by firs, hazartM inettedai within the term "extended coverage", and such athir hazards as Lender may require
<br />aad is such atttounts and far rrh periods as Lindkr map requtrc: proviskd.:hat Leader shad net require that she amount of
<br />stub cover:¢ exceed that amount of covsragt required to pay tttr sums secuatd tap this Mortgage.
<br />'its inwraacs curler providing the iasurancn shall be chosen by Borrower sub~ct ta approval by Linder, provided
<br />tlut such approves! alrall stet be turaeatwnabty wsthhekl. .AI} pttmttrms an itesuranex policies shall be paid in the manner
<br />provided under paragrtrph 2 hasmf or. if trot paid in such ttunncr, by Borrower retaking payment when due, directly to the
<br />ias:uaatse prria.
<br />- Ail iasurmce policies sad renewak thereat shall bt an form acrptable to Lender and shall tnclttde a standard mortgage
<br />cb..~s in €avor s : aa: in farts :rs!ptabk to Liasirr. L;~r :hall t:a+c !l:-e right to !+~ [he po!ieies and rtnewaLs Lhereaf,
<br />sled Beterower shalt prongatty fuztsith m Lesgiir ail retaewal rtorines aad a0 rrxcipts of passe prit~ums. In the event of lass,
<br />- - - .s<-tt -~..- - -- - .~- .--.----~ .-...y.....a t_ ~~. t ~„tp~ ,.,~., ,,,~~~ ,g„~,r of tats if sat r'13de DCOnaDflV
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<br />U i *_adR Ho,~x: otfurs>:~ .~,~ in wrtit~, i.:~.rrat:,°e preen sf;ati tsz appiie[i to restoration or repair of
<br />else Property dsmtrgad, provddai sttclt rcstaranoa or rcparr is eransunseaity feasible and tits security of rhea Mortgage is
<br />tart tlttets~ry impaitu#. if sued rtstoration or rcparr u not ecotswarcaUy feasible ar if [he security of this Mortgage would
<br />be impasred, the ittstumee proceeds [shall t>e appikd to the soars necutcd ray this Mattgagi. with the excess, if any. Paid
<br />to Borrower, It the Property is abaa-tdoaed ray iarrower, or at Harrower fails ta respond to tstrder within 36 days from the
<br />teats natioe is tnaikd by Leader to Borrower that the itssttratxe ca[ricr offers to set[k a claim for insttranec benefits, Lender
<br />is atrthorined to exslteei and apply the itisuratece prosaxda at Lender's option usher m restoration or repast of the Property
<br />~ to the wms touted by t~ bfort6sge,
<br />Utdss Lander aad 8ttrrotret otherwise agsu to venting, any such application of pracesds ta prtt~ipat shall oat extend
<br />err patstptase rite due dots of the tnttnthly itutalFraents refereed to in paragraphs i and Z hereof or change the amount of
<br />tech inamllmtaat. If teades paeapnph t8 hereof tht Property is acquired by Lender, ail light, tins and interest of lorrower
<br />i3 attd :a arty i^-----^^- paid aad in astd to t:w pro-eec~ elmrcaf r~u!tiag fxm damagr to r1_+,. Property l+rior is the safe
<br />or shall pars to trader ta the extent of tfte averts secut~ by this Mortgage immsdi:rely prior tq strch sale or
<br />- ~ ~aa arPd ~ of frropesty; Lem C @faroied Unit Devebptaeals. Borrower
<br />shelf keep e}se Pmparty err getod repair and shell nor commit waste or permit impairment or deterioratiort a# the Property
<br />sad s ~Y with the provisiosts of any lease if this Martgagi is ears a leasehaid. if this Mortgage is on a unit in a
<br />en a plaaaed unit dtvtbplnsat, ltarrawtx shall pet#sxm all of Botrawer`a abhgatiora under the diciazatson
<br />etc ex>v crastiae or guverniag t>,nr es>rult>miniuta err ptanneel unit develapatent, the by-laws and rcauiatiwts of the
<br />err t rods ~. aad eonstitttent documents. [f a ctaadamsnium or planned uni[ development
<br />rit3rt it oatd Icy 13acroa^tx and t'ecorded tagethrx with this Mortgage, lire covenants and agreements of such rtekr
<br />>~ be iapatpoitttMtd lets aad shat! aatead scut supplement the eovctsants aad agresntarts of thin Mortgage as if the rider
<br />verbs a t~ hrtrai,
<br />7, !'salsNae at Leader9 If Borrower fails to perform rtes covenants- aad agrcettunts contained in this
<br />' err F sap astian or protaee~ag is Cutamcrxesl which matirsaliy atfic3n Lenekr'a iptersst ut the Ptolacrty,
<br />. brx a#~ #ittsitad to, aaitt~ domain, innolvcncy, c<ade inforcertteat. or arrangements or prueitatifngs invalvittg a
<br />~. or dreadaaa, tttw at Laedat's optign. ufpott notice to Harrower, [nay make nucir appdsrancrs, dislxarse such
<br />[tad tts~ tads atX~t as k [say m prasat Lcttder's interert including. but ttsH limited [o, disbursement at
<br />atlis~y'r fees and eaery trpart [far Pitxr+erty to ttta;ss tatpairs. if l~trekr required rnsartga#s innutatsee as a
<br />of saikiag the keen nactusd by term f4isn4gaye, Barrrw:sr shall pay the premiums required to rtxaitt[ain such
<br />>amratkce kr ts!lecr tarot atteb tiaaa as tits ratars»t for tttcb snssuutex termsaatas an accotdaraci with Borxavrer acrd
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