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81-(~O1$93.
<br />UNtrotsss CoveN~trrs, Borrower and Lender covenant and sgrce as follows:
<br />1. ~ of 1Pr4e¢tY attd ItNere9. Borrower shall promptly pay when due the principal of and interest on the
<br />evidetteed by the Note, prcpavmmt and late charges as provided in the Note, and the principal of and interest
<br />on tmY fluwe Advsnm secured by this Mortgage.
<br />2, Busts t~ icy sad ist~sce. S`ubjcct to appliwble lasv or to a written waiver by Lender, Borrower shall pay
<br />to lsntlty on flee day trmnthty itistaltments of principal and' interest are payabfe under the Now, until the Note is paid in full,
<br />a twm n "Ftt~e'~ equal to one-twelfth of the yearly taxes and assessttsenu which may attain priority over this
<br />'sh'e, ate grit~.d rein ors iFar P-oprrty, if any. plea erne twaffth a.° yr~rty premium installment for haaard insurance,
<br />pia ooptwetptt of ytatiy prtanittm itastallmcnt for mortgage iaatrance, if atty. all as reasonably estimated initially amI frtsm
<br />bete m lisle by Ltwdet on the {risis of asuummts and bills and reasonable estimates thereof_
<br />The Futuls atwil be held in an institution the 3eposits or accaunrs of which arc insured or guarantt~ by a Federal or
<br />stage agency (including Leader if Lender is such an institution). Lender shad apply the Furtds to pay said taxes, assessment,
<br />inuurance ptemiurtts and ground rents. tender may not charge for sa holding and applying the Funds, analyzing said account,
<br />~ vetitying atnl compiling said asxsstnents and bills, woken lender pays Borower interest on the Fuada and applicablo law
<br />permits Leader to [Hake such a charge. Horrawer and Lender may agree in writing at the time of exxution of thin
<br />Mortgage thad interest on the Ftmds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />regtthn such interest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accouming of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to ttx Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortggpe.
<br />if the amount of the Funds held by Lender. together with the future monthly installmcnu of Funds payable prior to
<br />ihC due dates of taxes, assessment;, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />asseatntents, itssetrarsce praniutus and ground rents as [hey fall due, suet: ezeess shat! ~, at Borrower's option, either
<br />promptly repaid ro Borrower a credited to Harrower on monthly installments of Funds. If the amount of the Funds
<br />htrM by Leader shall not be auffiuent to pay taxes, assessment, insurance premiums and ground rents u they Fall due,
<br />Borrower shall pay So Lender any amount tucesssry to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader m Borrower regtteatiag paymene thermf.
<br />Upon payment in full of a6 attrw secured 6y this Mortgage. 1_ender shalt promptly refund to Borrower any Funds
<br />herd by Lauder. If undue paragraph 1g hereof the Property is said ar the Property +s otherwise acquired by Lender, Lender
<br />shalt apply, no suer ttrara immediately prior to ttx sale of the Property or its acquisition by Lender, any Funds held by
<br />[.eu~r at the tome of apptiwtiart as a credit against the sums secured by this Mortgage.
<br />S. Appiiesttlat at Pap~affi. ilnless apphcabte law provides atherwisc, at{ payments received by Lender under the
<br />Note a~ paragraphs t and 2 hereof shalt be applied by Lender ftrst in payment of amounts payable to Lender by Borrower
<br />wader paragraph 2 hereof, that w interest payable on the Note, then to [he principal of the Note, and then to interest and
<br />pritacipai on any Futttrc Advances.
<br />3, []ens. Borrower shall pay all taxc~;, assessments and ether c'hargcs, fines and impositions attributable to
<br />tJrc PropOtty which may attain a pnatity over [his tiiar¢gage, and teasehc~ld payments or ground rents, if any, iu the assn ~r
<br />pmvidai trader paragraph 2 hereof or, if not pa+d in such manner. by Borrower making payment, whoa due, dira.tiy to the
<br />paysee thet+etef. Harrower shall promptly furnish to Lender all novices oi' amounts due under this paragraph, and in the event
<br />Hortawee shad make payatent directly, Borrower shall promptly furnish rc Lemfer receipts evidencing such payments.
<br />Harrower shall promptly discharge any lien which has pnorty aver this kiortgage: provtded, !hat Barm~+er shat! not be
<br />required m discharge any such lien so Ong as Harrower shall agree in writcng to the payment of ¢he obligation secured by
<br />such tier in a manner acceptable to Lender, yr shat! in gc;od faith contest such Ikn hy, er defmd enforcemen[ of such lien in,
<br />legal praxdiogs which operate to prevent the cnforcemmt of the l+en ur forfeiture of the Property or an}' part thereof.
<br />S. !$Wtd Irtsseaaca~. Borrower shall keep the tmprovemevts nau evtsung or hereafter erected art the Property insured
<br />against loss by Ere. hazrrds included wfthtn the term "eztcnded eaverage' . sad such other hazards as t_cuder may rcyuire
<br />and in such amounts and for Bitch-periods as I_enaer may require: prav„;cd, ;hat fxn:f_r shall not require that the amount r°
<br />stacte coveragt exceed titai amount of coverage required to pay ttx sums secured ley thts Mortgage,
<br />"[he ittsuraa« carrier providing the insurance shall be chosen by Barrawcr subject to approval by Lender, provided,
<br />that such approval shall not he unreasonably withheld. .Ap premtums on insurance polictes shall be paid in the man[ter
<br />provided under puagraph 2 hereof or, if tux paid in such manner. by Borrower making payment, when dtu, directly to the
<br />i~LLranC1+ CarYfQr.
<br />!,at ~-. .,.-- .,,,t:s.t... ,.,sf r.neu~als tttsrevf shah he in forth acceatabte to t_enekr and shall include a standard mortgage
<br />~.,~ ~.____ w_ ..
<br />clause in favor of and in form acceptable to I.crtder. Ixndcr shall have the tight [o ha{d the policies and renewals tfiereaf,
<br />Bud Borrower shill promptly furnish to Lender all rertcwal nauces and al] receipts of paid premiums. In the even[ of loss,
<br />Borzawer shall give prompt notice to the insurance carrier and Lender. Lender may make proof of toss if not made promptly
<br />by Borrower.
<br />Uuka tender and Borrower otherwise agree in venting, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
<br />tent thwoby impaired, if such restoration ar repair is not economicaify feasible or it the security of this Mortgage would
<br />L>& i~aired, the insurance proceeds shalt be applied fa the sums scoured by this Mortgage, with the excess, if any, paid
<br />to Hotrowar. ff the Ptaperty is abarsdotxd by Borrower, ar if $orrower falls to respond to Lender within 30 days from the
<br />data tustiee is matted by Lender to Bartvwer that the insurance earner otTan to seine a claim for insurance bertetits, Lender
<br />is at~tsriatxl to cxdkct stud ap~y the insurance proaxds at Gender's option etcher to restoration ar repair of the Property
<br />~ w the attms secetred by thh Mortgage.
<br />Uatas lender utd Horrawer atherwisc agree to writteg, any such application of proceeds to principal shall not extend
<br />~ postpaae the due date of the mymthty instatitnents referred to in paragraphs 1 and 2 hereof or change the amotmt of
<br />such iaataBtaeat. If under paragraph t 8 hereof the Propert}° is acyu+red by Lender, all right, title and interest of Borrower
<br />is aad to any ittaUraats potiei,ra and in arstf tv tf~ pra:e~s thereof resulting from damage to the Property prior to the sale
<br />or acquisition aktaA pant to Leader to the extent of the Burns secured by this :Mortgage immediately prior to such sate or
<br />scgtti>dtiDn.
<br />L. 14aaarvsstlar ail Maace of Pregerty; Leaaehotdsi Coudawleiumai Planned UsaN Develogtaeut. Borrower
<br />shalk keep Eire PrapeMy in good repaie and shall tto[ catnmit waste ar permit impairment or deterioration of the Property
<br />fwd shall comgty wilts the provisions of say 3ease if this Mortgage is on a IeasehoW. If this Mortgage it art a unit in a
<br />coaslami+rium or a plaanaf emit devetopment, Borrower shall perform all of Bartawer s ebl+gauons under the declaraiian
<br />or atrse4aats ctaatil~ of governing the condominium or planned unit develapmen[, [rte by-laws and regulations of the
<br />coaKlt¢sninisrm of planned tutu development, slut conttittteni uactuaents if a candaminium or planned unit development
<br />tidier a eaataaad by flltetotsnH and raxtrdad together with this Mortgage. the covenants and agraetnents of such rider
<br />s1-aY bs ~d itHO sled shat! ametad sad strppkmem the cavettants and agtetasents of this Martgaga as if the rider
<br />wtee apart ttasaiof.
<br />~, >laidaeMe~a at f+wttitet'"a 9aeatdq, if Borrower faits to perfarrrt the cavatant amt agreement cgatainal in this
<br />tliarta, at it tanY ttetitsst or ~ is cotnusenced wh~kt ttiaieridly a$eet tendw's interest in tote P[apatN.
<br />t7td neR t~tiead to, ~ttsent duaatia; imolvcncy, code cnforcetrwnt. or anangemertt or prviceealknga involving a
<br />baNilrngt or Qaadants t)~ f.aader at l.entliu's opttatt, upon ttotitx to Hprrawtt, may make sucks appearances, dtaburse such
<br />tsNaii alai astc~ stems a[3$an as is y to prM+set Leader's inlReeat. u~kudrn(<. but oat !vrttted ta, disbursement at
<br />ntalatnlthla s ffipes atad aaarT upose the Property to Healer repairs. if #.ender required rnortgsge insurance as a
<br />of ~ the lass. saetsrstd by this Mortgage, Hortown shut pay the premiums regttirad to maintain such
<br />iatlWlr~Ytta fn std tenfH taodt tWSC as fbm rssgttirttaatsit [w' s~ks intttrt~ice icrrtunaatts in acctstdaner with Bnrrt~+-~:€s acid
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