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<br />Utra+taeis Covartetrra. ]lortower and Lender covenant and agree u follows: g~1 ~ ~ °~ "7 ~ 8
<br />1, ! of ad Lifereat. Borrower ahrl! promptly pay when due the Pr~~ of and intetdi on the
<br />evidenced b5° the Note, prepayment and lau charges as provided in the Note, and the principal of seed interest
<br />on ate Ftmm Advances secured by this Mortgage.
<br />7 1llea~r Eer 1ltmaa art Lriatwee. Subject to applicable law or to a wttitten waiver by Lender, Borrower shall -pay
<br />to Leader wt the day ttx+rtthty imtaBments of principal and interest am payable under the Niue. until flee Nou is paid in full,
<br />a sea fhtr~i "Fttade"} etprl to onatwelfth of the yesrty taxes and assessments which may attain priority over .this
<br />Martpige; and ground rents on the Pttspetty, if atty. plus onatweffth of Yearly prcrttium inatatlrnonis for hazard insurance,
<br />pNrs oae-twelfth ~ yeadg premium inataTtsnents far tortgage itisurartce, if any, all as rrrsonabiy estimated initially artd from
<br />time to tune by bender on the basis of aaaestsrnenis and bills seed rwsonabk estimates thereof.
<br />Ttse Fiords s6a11 be hold in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency fi~toding Corder if Lender is sttrh en institution). Cinder shall apply the Funds io pay sajd taxes; assesmenta,
<br />insnxaeae ptemiurita and gtamd rents. Lender may not charge for so holding and applying the Funds, analyziag said account,
<br />or verifying and compiling said aetessmmta and bills, unless Leader pays Borrower interest on the Funds and applicable law
<br />permit Lender to tree#s srrch a CtlargE. BarraWCr am! Lender may agree in writing at ttx time of exttvtion of this
<br />MoRlptse that interest on the Fonds sisail be paid to Borrower, and unless such agreetttrnt is made ar applicable taw
<br />retpiirta stsdt intereu to be paid, Leader shalt not be required to pay Harrower any intercu or earnings on the Furtda. I.ealer
<br />t~In8 give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds seen the
<br />purpose for which ~ debit to the Funds was made. The Futtds are pledged >u additional security for the semis secured
<br />by this MotrtgoBe.
<br />!t the amount of the Futtds tndd by Lender, together with the future monthly installrncnts of Frmds payable prior to
<br />the dire data of axes, assastiteots, inwrarice premiutna seal ground rents, shat[ exceed the amount required to pay said taxes,
<br />mwatat>xnss, insurance premiums and ground rents as they fall dtu. such excess shaft Ix, at Borrowers option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installtnenn of Funds. If the arriount of the Funds
<br />held by Leadtr shall not be suf6eieat [a pay taxes. assesstnertts, insurance premiums and ground rents as they fall due,
<br />Boreowar shall pay !o I.erxkr any ametrnt necessary to rnakr up ttx deficiency within 30 days from the date notice is mailed
<br />by Leader W Borrower rcquating payment thereof.
<br />Upcai payment in fuB of elf seams :actrr..d by this Mongage, Tender shall promptly refund to Borrower any Funds
<br />lietd by Lender If ender puagnph l g hereof the Property is sold or the Property is otherwise acquired 6v Lender, Lender
<br />shag apply, rro Isar than itttttiediauty prior ro the sate of the Property or iu acquisition by Lender, any Funds held by
<br />Leader at the tune of application as a credit agunst the stuns secured by this Mortgage.
<br />3. et Palteew. Unless applicable law provedes othezwise, a!I payments received by Lender under the
<br />Note sad paragraphs 1 and 2 hereof shall !x applied by txndcr first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to intemi payable vn the Neu. then m ?fie prxipal of the Note, and then to interest and
<br />priticipai on aey Ftttttrt Advance.
<br />0. tJNa. Bortowcr shall pay alt taxes. astressmcnta and vther charges, fines and imposititms attributable [o
<br />Itte Property which map attain a priority over ibis Mortgage. and leasehold pa}~nts or ground rents, if guy, in the manger
<br />provided tinder paragraph 2 hereof ar, if not paid in such manner. by Borrower making payment, wttert due, dirxtly [o the
<br />payee thereof. Borrower shalt ptnmptly fttrntsh to Lender all notices of araounta due un~r this paragraph, and is the event
<br />Borrower xhall make payment directly. Borrower shall promptly :utnrsh tv Tender receipts evidencing such payments.
<br />librtosvsr shat[ promptly discharge any lien .x_hieh has pr+cxrty c=vet this ~tartgagc: provrded. that Borrower shall not be
<br />required to diactuirgt arty such lien sa Fong as Bwrow~er shall agree rn :+ru+ng ro the payment of the obligation secured t+y
<br />such lied in a mantra acceptalrie to Lender, or shalt in gcx7si [aith contest srech tics hy, or defend enforcement of such lien in,
<br />legal proccedirigs which aper:te to prevent tht enforcement of the teen or fortx4ure of tlta Property yr any part thereon.
<br />S. BLard 9awaa+ee. Bortowet shalt keep the rmpruvements nos. eststmg car hereafter erected on the Property insured
<br />agaitui lose try tire, ttruatds included within the term "extended caveragc ,and stub other harnrds as [.ender may require
<br />amt in xttch attxnrots and for such periods as Lender may require: pravtded. that Lender shalt ear require that the amount of
<br />such coverage e~roed tlsat amvurn of ::overage requ+red to pap the sums xa:ured !+y tbts Mortgage.
<br />The insuraace carrier prav~iteg the insurance shall be ~ttaserr by Harrower subject to approval by Lender: provided,
<br />that such approval shall not be ;:nreasanably withheld, .4#1 prrmnrms an irtsuratece patieies straJl etc paid in the manner
<br />provided under paragraph Z hereat ar. of trot paid in such tnantscr, by Borrowu making payment, when due, directly to the
<br />inaitrrnce terrier.
<br />AU inauranax policies and renewals ttrereaf shalt t+e +n farm ac4tpt:ibte to Tender and shall irtclt:de a standard tnorgage
<br />datae in favor of and in form acceptatrk to Lender. Lender stead have the right tt. hvW the polities and renewals thereof,
<br />sad Borrower shat! prataptty furaglt to L.~der aft renewal ttaxaces and sit receipts of paid premiums. Tn rho even[ of toss,
<br />Bprnswu shalt give prarttpt ria[ice to the insuratce carrtrr and Lender. [..ender ma} make proof nt foss if eat made promptly
<br />by Borrower.
<br />Utdas Lender sad Bortawer otherwise agree in wntiag, insurance prxeeds shall be applied to restoration or repair of
<br />the Ptxrpvty damaged, pmvitied such testoratwn or repeat +s cconomx;alty feasible and flee sct:urity of this Mortgage +s
<br />not tbtreiry impaired. if such resuuatian or repair is eat ecoturmically feasiblee ar if the security of this Mortgage would
<br />be itridaited, ttse instttaar:e proceeds shall be applied to the sums secured by this Mongage, with the excev, if any, paid
<br />to Borrower. ff the Pnxl,erty n abandoned bt Barrawtr, or rt Borrower fails to respotxf to Lender witltio 30 days from the
<br />daft notice is [nailed by Lender to Borrvwcr that the insurance carrier affe[s to settle a claim for insurance txereefits, Lender
<br />tt r~ to E~IOC[ mid apply tla rnsurarice prataxds at Lerxttr's aptian either to restormirrtt or repair of the Property
<br />ar W the sums seturod try this Martgagt,
<br />UaltY Lender arm $orrower otherwise agree to wtiuog, any ssrch applleation of proceeds w principal shall. not extend
<br />or peaipaae the due data of the monthly insta+:=mnts referred [o in paragraphs t and :. ttueaf ar change the amount of
<br />stick itutatltttents. If utulet paragraph 1 g herasrf the Fropeety is acquired by t.eader, ail tight, title seed interest of Borrower
<br />is and ro any itrstuatut policies and in and to the p;o~aks tbtreof roulting fram damage to the Property prier to rhs, sate
<br />or atxpiiaition shat[ peas to I.e»der ra the extutt vt the sums secured by this Mortgage rmmediatety prior to such sale or
<br />at:i~adtiaa.
<br />4 lltppvst8an art Mahatratstx d Ptrsipeai}: LtarefsoiBF G~ Pleased Udt Uevaiopaesb. Borrower
<br />tthtU Esap t6t Prapsrty is good repair sad sbtU mt commit waste or permit impairment or detetioratian of the Property
<br />and ttLaB ccrttpty with the prov~ona of any lease rf this Mortgage ,s on a }easehafd. If this Maregage is on a unit in a
<br />candotariimitdat or a pfanaed unit sfevetaprnent, Borrower shall pert'urm atf of 13orrowei s i~btigatians under the declaruion
<br />tx ~ ueating ar gavararrtg flit condaminttun m planned unit deuce{tptstrrtt, the by-laws aruf regulations of the
<br />w: usdt developtntts[, seed constituent docturtents. If a condominium or planned tenit developrrtent
<br />tidier u ~ by lfgtrowtia tuxd recorded iogesher with this Mortga;e, [fat [vveteanix seat agreetnenis of such rider
<br />trttutj# bet inio4#pasr~d lefts sad shaft aasend and wppkrncnt the cavettatrts and agreements of this Mortgage as it the rider
<br />wa~ir a past ~.
<br />t, lia+r>iaeliaia aft t,~ariaagi SacetLf;. I# Birrrtarvet fails to perform the wvsnants and agreements caatained in this
<br />tom. alt if testy action ar luoilir~ ex cotsuaeasad which materially afft;cts T.endor's interest in the Prepertp,
<br />asclsidiat~, tax att.Iiasiuid to, e+nirseat dirmsin, iasaivattcy, code entorcarattit, ar artangemrttts ar pratandings invaiving a
<br />hyPkrupt ex dot, these i.wslsr at l~adtt'x option, trpan tiatice to Borrower, [nay make stub appearances. disburse such
<br />aorta cad telex giEh actW~9 as le ~' to prefect I,eodet's inttre3t, imluding. but not timitt3 io, disbursetneat of
<br />tam ~`€ heir aexf cnt#y uptm flit t?rx~p~erty to make rc~rs. lT t.e regiririif nx5rtgege insutsutce ax a
<br />~aduraa of tkst Imes eta°uraf by Lois Mortgage. Borraw¢r shelf pay [hc premiurris requtrrod to maintain such
<br />atritattoa far e1~ICt u tiara as the raquirtmaens fax instararice sraminn•~ in accotdaetite with Barrawcc's sad
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