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<br />81'- 001924
<br />Utvrroaaa CrneNxtv'ra. Botrosrer and L,mder covenant acrd agree u fariosvs:
<br />1. ~ d teiaef~al ad I{ataset. Harrower shalt pranptly pay when due the principal of and int,-rest on the
<br />iadehea~eas evitlaaotd by the Nate, yaepayrnent and fate charges as provided in the Nou, and the principal of and inutpt
<br />as any Fntme Advances secured by thin Mortgage.
<br />2. tpsMtii Mr ?seas tuft ksatte~re. Subject to tgsplicabk law or to a written waiver by Linder, Borrower shall pay
<br />to L.eada iM the day monthly ifntat-tuen$ of pti>uipal and interest are payable under the Notts, until the Nou is paid in fttU,
<br />a stag {'efeKin "Funds") equal [n oae-twelftl[ of the yearly taxes and assessments which may attain priority over this
<br />Mtnt~o; and groan-td r€n~ rot tt~ , if airy: plus tx~twelfth of yearly premttar[ inataFlmen$ for hszasrd f~uraace,
<br />pins ono-tw+ditlt of ya~Iy premiwn i>tatatirnettta for tttortgage insurantt, if ate. aH as reaaonsbiy esthttatal itriaalty sad from
<br />time to time by Letsder tin the 6~ of attsessmeata and bilk- attd reasonable estimates thereof.
<br />The FSmds sttaB be hdd in zn itatitntitxt the deposits or accounts of which are insured or gtwranteed by a Federal or
<br />Batt itgetwy (iaehtding Leaitu if Lender is such an institution). Le»8er shall apply the Furtda to pay sitid,taxes, asssaatntnts,
<br />itatasACe ptmnaitttra sad graind rents. Ixrtdtr may trot charge for so holding and applying the Ftmds, analyzing said account.
<br />or vpifyiag attd ibntpiling said assasmen$ and bills, finless Linder pays Borrmuer interest on the Funds and appticaWa law
<br />pttrtaits Leader to trtdte such a charge. Borrower and Leader may agree in writing at ttrc brae of execution of this
<br />Mortgage: that interest oa the Funds shall be paid to Borrower, and tlakss such agreemert is made or applicable law
<br />togl[ires such interest to be paid, Lender atnll not be required to pay Borrower any interest or tarmogs on the Funds. Trader
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for whsh each-debit to the Fu>~a was trade. "[be Funds are pledged as additional security for the sums secured
<br />by this Mortaiye.
<br />If the aawunt of the Furtds hNd by Lender, togtxlter with the fu?tire monthly installmen$ of Funds payable print to
<br />the dun dates of taxes, assessments, imurance premiums and ground rcn$, shall exceed the amount required to pay said taxes,
<br />atlsis~menta, insurance premitmu and ground tern as they fall due, such excess shall be, at Borrower's option, either
<br />prttatptty repaid to Borrower w credited to Borrower as moathty installments of Funds. If the amount of the Funds
<br />ttdd hY Leader Shari not be srttliomt to pay taxes, assessrnertts, insurance premiums and ground rents as they fall due,
<br />Bonotrer shari pay to Lender any amotmt nxessary to make up the deficiency within 30 days from the dau notice ie mailed
<br />by Lender to Borrower regttestiag payment tfxseof.
<br />Upon paymmt in full of all sums secured by this Mortgage. Lender shall promptly refund to iorrower soy Funds
<br />held by Lender. If urn parsgraph I8 hereof zhe Property is sold ar the Property is otherwise acquired by lender, Lender
<br />tthall apply, Iro later than immMiaiely prior to the sate of the Property ar its acquisition by Lender, any Funds held by
<br />[.ender at the tinx of application as a ctt~it against the sums secured by this Mortgage.
<br />3. Appllcatlar of Pr4ysmis. Unless applicable law provides otherwise. ail payrtunts zeceivtxl by Lender under the
<br />Nou sad paragraph }amt Pitertof shall be applied by Lender first in payztrent of amounts payable to Lender by Borrower
<br />tinder paragraph Z heteo€, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />r- _T.t ~ ~y Fro aa„~
<br />..., 4. ~ Llas. Borrower shall pay alI taxes. assessments and other charges, fitter and impositions attributable to
<br />~:.~,~.~Z whu':.ar ati::r. a ~.i.,.i.~ ~ ° •`.~ m.,..g~.., era l.•~t+eid navtR~n[5 or ground rents, if any. in the manner
<br />provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making paymmnt, when due, directly to the
<br />payee sheteof, Borrower shall promptly fw»ith to Lcndcr all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make paytttent directly, Barowcr Shari promptly furnish to Lender receipts evidencing such payrrnots.
<br />Haraaer s-s~t pmmptlq drachnrgc any lien which has priority over this Mortgage: provided, that Horrowts shall not ix
<br />required to discharge any such Ixn so long as Harrower shall agree in writing to the payment of the obligation scented by
<br />st:.h lien is a rrtanrxr a~cptabk to Ltxtder, or shall in good faith contest wch lien bv, or defend enforcement of such lien in,
<br />lE~at praeeadii[gs whis-'It aperale is prevent iiie enforcement of the tier ar forfeiture of the property or any part thereof.
<br />S. gmei iaawatsce. Borrower sfail keep the improvemen[v now existing or hereafter erected nn the Property insured
<br />agaimt (ors by $Pe, hazards included within the term "extended coverage", and such other hazards as Lender may requirr
<br />and is wch amounts sad for _.~h periods as L.endcr may res[uire; Provided, that Lender sl+T.tl not require that the amount of
<br />arch cgve/-age exeeod that a'~wunt a( tt~vetage required to pay the sums secured by this Mortgage.
<br />'The imurs~e terrier providing the tnsttrante ,shall tae chosen by Harrower subject to approval by Lender; provided,
<br />that such approval shall not be ua[easonabty withheld. Alt premiums an insurance policies shall be said in the manner
<br />provided tinder paragraph 2 hereof or, if tax paid in such manner, by Borrower making paytttent, when due, directly to the
<br />it[ssrra~s carrier,
<br />AH ln~.r~r,.a i7[1iiC1CR and rmewak thereof shaft be in form asceotab{e to Lender and shalt irt)ude a standard mortgage
<br />clatme is favor of ate in fain acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />and &xrower risalf pramptty ftumish to Lender all reicewal notices and all reeeilxa of paid premiums. -n the event of lass,
<br />Borrower shall give prompt ao[ice to the irnura»ct carrier and Lender. Linder may rttake proof of Loss if not made promptly
<br />by Borrower.
<br />tints Linder and Borrower txherw'rse agree in wilting, insuram:e pratecds eball 6e applied to restoratitta or repair of
<br />the Property damaged, provided such ttstaratian w repair is economicariy tensible and the security of this Mnrtgage is
<br />tax ther~y itttpaired. If stxh restoration or repair is riot econamicaify feasible or if the secwity of this Mortgage would
<br />bt i®pairetl, the instuana procmds shall be applied to tltt stuns secwed by this Mortgage, with the excess, if any, paid
<br />m Borrower. If the Property ss abattdaraai by Harrower, ax i€ Borzawer fails to respond to Lender within 30 days from the
<br />daft notice is maims by Lender to Borrawa that ttte insurance carrier offers to settle a claim for inwrance benefits, Linder
<br />u atltharitgd to calker and apply the ittwrartce proceeds ar 1_cn~r's option eitlcer to teswration or repair of the Property
<br />or w the sums set;[tted by this Mate,
<br />Ualets Leader and Borrower otherwise agzee in writing, any such application of pr[sceeda to principal shall not extend
<br />to poMpotte tlx due data of the monthly installmetus refereed to in puagraphs 3 and 2 hcrwf or change the amount of
<br />s[ach installments. if cadet paragraph I8 herenf the Property is atgturt:d by Lender, all right, title sad interest of Borrower
<br />is and to sny iruwattce policies and in and to the ptoeads thereof resulting from damage to the Property prior to the sale
<br />~ acquisition sbari pass to Lattdcr to the anent of ttirc nuns secwed by this Mortgage immediately prior tp such sale or
<br />~•
<br />L vstiq stet 11~i~ce ~ Prapertyi f.eafe6otdsf Car~e~aitrmst Planned UtttB IDerrlupmeats. Borrower
<br />sita3l kapp the Property is good repair and slutl not commit warn or pertriit impairment or deterioration of the Property
<br />atsd shaft t<ampty will[ the psoviaioaa of nay lease if this Mortgage is oa a {easchaid. !f this Mortgage is an a unit in a
<br />ta~ataieuuat or a ptann¢d twit devclopsaent, Bazowtt shaft perform all of Borrowei s oWigaliona under the declaration
<br />ca .-yw~sts crcatb~, or ~w~szning t~ cottdorninium ar planrxd unit clevelop[netu, the by=laws attd mgulations of the
<br />ar plastaetl unit devclaptncnt, and cottuitucnt thic:tamcnts. If a candalrtinittm or plaorted unit development
<br />iidat is eaaGnted by Bflrrowe[ at#1 ritvat<kd tagetttet with this Mortgage, the covenants attd agrtcmcnts of such rider
<br />IttsaN hs racctpssrtt~t inn and shag stttsad acid supplement the covenants and agreements of this Mortgage as it the rimer
<br />wan a pact ti,eiscsG
<br />Z ?~ d Lasda~s &eetstl~. tf Hozrowter faits to perform t;3c cotenants and agreements contained in this
<br />~ ~ nay action of pry is cama[caced which niauriaily atletts f.emlu's ipterest in the Property,
<br />hat net. lintitttd tn, ecainent doh, itmolvexy, code enforcement, ar urangemcnta a pristeedings Involving a
<br />as doro#t~t. thws t.etrdsr at Letstler's optart, upon notice to Borrower, tray make utth appcararrces, disburse such
<br />situ tals±i ttwdt action as is taecessary w prtxeet Lsitder's interest. including. but tint limited tn, dlsbtirsistttent of
<br />asitiftawys amI entry npon the Property to rttake repair. tf Lct~r requited tsumgsge insurattte as a
<br />AiiW ttf ~ the laait awurad. by ;Iris Martgitge, Bart'ct+rer shall pay the pretuiuttts required to maintain such
<br />it~s~e ~ el~ret such dtiae ~ rite rttquizsmstn flu such insws~ tctminat>s in arzoitf[ittct: wsth BL~rtnwer'x and
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