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<br />x31.° x)02740
<br />UNrroaM Covetvetr•ts. Borrower and Lender covenant and agree as follows:
<br />1. Ta7ttte>et M TefsefpN ofd Interest. Borrower shall promptly pay when due thx principal of and interest on the
<br />intkbtedtiets evidenced by the Note, prcpaytnent and fate charges as provided in the Note, sod the principal of and interest
<br />on arty Future Advances secured by this Mortgage.
<br />2. Fords for Tn:p aa~ inwtranee. Subject to applicable law or to a written waiver by Lender Borrower shall pay
<br />fo (.ender on tltt day manthiy instalimertts of principal and mterest are payable under the Note, until the Note is paid in full,
<br />a irwn (herein "Punds"j equal to one-twelfth of the yearly to:es and assessments which may attain pttiority aver this
<br />Mortgage, and grc>und rents on the Propene, if any. pins ant-twelfth of yearly premium installments for hazard insurancx,
<br />plus Otte-twelfth of yearly premium installments Eor mongage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and esasonahle estimates [hereof.
<br />Ttx Fttnds shall be held in an institution the deposits w accnants of which arc insured or guarameed by a Federal err
<br />state agency fincltding Lxrtder if Linder is sash an institution 1. Lender shall apply the Funds to pay said taxes. asxssments,
<br />insutartce premiums and grovwd rents. tender may nM charge for sn holdfn¢ and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and hills. unless !.ender pays Borrower interest nn the Funds and applicable taw
<br />permits Lender to make such a charge Horrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Futids shall !sc paid to &irrawcr, and unless such agreement is made ar applicable law
<br />requites such interest to be paid. Lender shalt oat tse required to pap Borrower any interest nr earnings on the Funds. [xnder
<br />shall glue to Borrower, without charges an annual aceoanting of the Funds showing credits and debits to the Funds attd the
<br />pnrpox for which each debit to tine Funds vies, made. The f=unds are pfcd¢ed as additsonal security lot the sums secured
<br />by this Mortgage.
<br />if the amount of the Fttnds held by Lender. together with the future manthh~ mstattments of Funds payable prior to
<br />the due dates of taxes, assessrtunts. insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />ustaanlenls, insurance premiums attd ground rents as flay fail due, snob recess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credued to Borrower on monthly msrallmenrs of Funds. If the amount of the Funds
<br />held by Lender shall riot bt sutFicirn[ to pay :airs. asxssments. mutrancs premiums and ground rents as they fall due,
<br />Borrttsver xliall pay to Lender an} amount rtucssar) tt3 rnakc up the <ie6cicncv waken 3(? days tram the date notice :s mailtd
<br />by Lender to Borrower regrtesting payment thereof
<br />Upon payment rn fir}I of ail ztitns secured b) ?hrs Mortgage. I ender shad promptly refund to Borrower any Funds
<br />held tsy [.ender. [f alder paragraph Ih hereof she f'r:+perts ~, ,.yid or the Prapcrtp ~s otherwise acquired by Lender, isndet
<br />shall apply, rtes taut than immediate!) prwr to tM sale :+f the Pruperto or its asyutsiuon by (_ender. any Funds turd by
<br />t_eader ai rite time of application as a credit agarnu the sums secured h) this Mortgage.
<br />3. A*pYcaNee d ttssytaierb. L-ntras applicable law pea.-riles :rthcrwise, ail payments rsx:eived by Lender under the
<br />Note old puagraphs !and 2 hereof shall be applied by Lender tins m eaynuns ++t am<xmis payable to (..ender by Borrower
<br />tusder paragraph :. hereof. stun to mterest payable ter, ±hr \ote, then nt she prmr:rpai of the Nate. and then ra inrerrsi and
<br />prncipal on any Future Advances.
<br />4. CimRta; Ueas. &srrow•er shaft pay a{f laves. assrssrrcnss and :+s her ~hargrs, fines and impositmns attnbmable to
<br />the Property whrch may attain a prioritr• aver :hisllurtgagc. and :raseitoki p;[ymcoty or ground rents. if any, in the manner
<br />provided under paragraph 2 hcrwf or. +f not pa+d ~n such ntannrr. by &rrrcrwrr maktrsg paymrni, wizen due, dii•xtly to the
<br />payer thereof. Borrower shaft pr'ctmtptfy furnrsh to Lcndrr ati notitcs +,t amounts ,fur rimier the', paragraph, artd in the total
<br />Harrower shall tnakr payrtxrxt duertiy. Ht}rrewrr :hat! f+rc.mptit turnnh tc. isneirr rr..etpn +:=idrtiimg such payments.
<br />Borrower shaft prtxnptiy dtscttarge any lun ~.v1[tth box prurrrty ,• rr it[rs '••-tartgagc: prnvr~led. itrat Borrower shall oat tx
<br />requited to dt+x:bargc any wch lien w tang .u {i.rrrvwer shall` agree rn -.ratrng i.+ the patrnerrt .et the obhgatiun secured 6y
<br />such lien in a manrttt acttptabie tz txrtdrr, _,r snail e:t gaxW iaoh ,.-.+me,t s+,.tr ~rsv hs. „r etrfenti entori:cment of such lien m,
<br />lxgaf prcw;eedttzgs which t*;±e-cart t•5 pre<cnt tf?s sntr,r~stitcnr t., the -,... r t,zrlest,,rc• t,f rht Proper[}' or any part thereof.
<br />S. lirzart itrsiranse. fk Hower shall keep the ,mere.+entrmc *u~wne+~.ting .x !ureafter retried an the Property msureei
<br />a}}airtst lass b}' fur, hatards tru:.;sled wrtbm for !teen 'c•stcnste,; -,.,rrragc-- xnJ such nttu: hazards as i-ender ma) require
<br />~i to such amt+unt5 and Cnr sulk pett'~cix r. Lcndrr sna< : cy.,:r~•, i,rt•+,siet?.:treat I cn;ser .hail n+.t reyv,rr that the amc,tmt of
<br />wish eavtrage exceed that attwunt ~d wage try v;rcd x. .the ,eerie, ,ex ::roil !~: •irrs 1lortgage
<br />The tnsurairie saxrrer prording the in+uran,e scaEt f+e jhc,sc r. hi Hornrwcr sirblttt r+, approval by I.ende r, provided.
<br />that wch approval shaft not tx vnuaMxrabty ~xithhrW. ;ti prenunn, .,n snsurav.,e }++rla:res shad be paid in the rnanrur
<br />provided under par~raph 2 tetrt~rf or, o-f not part in ,uh rarniwr, hs &+[[awer nsakurg payment, u-tten due, d,rectty to the
<br />ittwtatsce comer.
<br />Atl insura~r poltcics:utd rcrtew:tis thrrr<,t sirali ix nr t,+t,n .e._cgtairir ?:, 1 cn,trr anti 5half insfude a standard mortgage
<br />clause m faun[ c,t astd to ivrm a:tepiabfe :t+ I c;ukc f r=ide[ ,!:rii tease :der r=gfti tt~ ht+id rite prli::tcs anti renewals thereof,
<br />sad Ba#rtawer shad prnntptf} fvrntsh to Len.hr ail ;c-imuai aaitr.es and af, :rverpts .rt paid premwm,. In [hr event cif fcr~.,
<br />Borrower sites! gtve pnimpt nturte to ttk in.~vran,e :arras .iuci ! rrdcr ! ender eras make prtkr3 of k+ss :f not mrtie psrmptty
<br />by Borrawcr.
<br />U[tless Lrtx}er and Bc r[oxrr culteru :,r ::g: rr to k..ti g. rn.vr trice i++.w ecd, snail i?e applred ?tr re,itxatian or repair of
<br />the Property dansage.l, piort~t! sw:h re,tvratiou ear reparr +s ,_:-ax-m isaiy fcastbk and the ucurity of t6ts Mortgage is
<br />lust rliereb}' impaued. If sulk restUratn>tr ter repr.r n n.•t ere>n.:me~ai!+ trasihir rjr rt the se.:unty of [his !v}artgage would
<br />tx smpairest, the tnsuratue prtnrccls shat br applred !,, the sutn.4 ,icureJ b) then 4fongrgr, with the excess, if arty, paid
<br />its Barriuvrr. !t the Ptopers} rs aharxfo:rc.! ~+ ti,~rt~swet- ,•, „ titrrrower fasts to respond tax t eider w•ithrn 3!3 days tr~attt idu
<br />date tsotssc is [Waded h) (xndrt to Ho; rawer tbs. rite :rllurariCr .tenet ;,€tets .is stair a claim fur insurance 6enrftts, Lender
<br />is atstbcnzetf to cn}iect arxf appi) !hc ,tiwaartcr , r.xredi at i ratter'; ciptu,n riifu:r to rtstura[ian nr repaer nt the Property
<br />;x m the stseta ses:wtd h} flux Martgsgr
<br />Uutess Lender anti &uruwrr utiuMrv: agtrc ,^ +aratng. an} sxir spp?,cation .+f prceeeds to prmapaf chaFl no[ extend
<br />at poatpbrte the dtx: dale ~+f eta tnsu:thi} ro>;siinxna, referred ?<, :n , arsgtaph; ? rnJ hcreut or .-hange the amount of
<br />stick rnxtal}meats 1! utidtr parag:apft f r hereof tttr Yraprriy rs a.yuerrd br Leader, a;? right, tale and interest of liorrawrr
<br />rn std to tiny tnauranse poii<.rp and [n art it• the prcn~,eeds tttrrevt resu?ling tram rtarnrgr to the Froperty pricer to the sale
<br />of scquisiuan shalt pass ro Lra.ter n+ the rate;.c .•t the ,tints sc^±:urc>: by this 'tiurtgagr vnrned;atrty rrr[arr t,~ ->uch sale or
<br />asgiutitsvn. -
<br />i. Psr&rtrtler aad /iaoretsaare of Prsrpert}; Leaweholds; t-.endomiaiems: PSanned Left Ihveloptnruh. tierrower
<br />shat) keep the Pntpeny za gtxd rrparr alai chair not comma .:a-,: of pcrmtt ~mpau[nrm at deterinrauon of the Pnprrt}
<br />std sfiatt etxttply wtih Stir provis,oos cK any franc ~f th;s ~f.,rigage ,. on a !e.uche: Ed. ti this !slortgage is on n :tint in a
<br />emsdctiniruu~ nr a plum tens ,~vriapnunt. &rrrc~arr .bait ~r:.•rm all .,t Aotrowers ,•bfrgatiorss tinder the dacdara€iEn
<br />of ~vcstants crCatiitg ar gt+vrttting t#ir ~.andt.nvnarrm r+r pSanrcd :son ,te._•.iopmer:t. ?ht by-iawe and rcKrifaitorr; z?f ?ht
<br />eundtrminiutrtt tx ~rnnad unit ekve6npturnt, acrd c=nsuzvem ~~umants, L a c,~nd~=mrnmm ter planned taut desdapatcrr
<br />..*idet ss extxutrsi bY~ @cyrrwrt seat rt~a=~! te.~ge~hcr ».rth the, Sf+=ctg~e, the ,.o+en,vrts atv9 aa:mrnts of ,uch osier
<br />shall be it~nrpetatetl into ~d shadf amend anal suppknxrnt ;tx ~racnants and agrecnrrnts art is MArtga}tc as ai she rider
<br />uric x part ttcrroi.
<br />7, ~ of Leader`s liscrr}t~, ti tk+rtower fa,ic t., y+rr, ornt the .:uvenants and aizrrratrnts contatnrd in then
<br />ldottgage, ten if-any ai°#iott or prttceedrng ,s cammr[ucd wtrrh matcrtali} affects f.endre~s tnterest in the Property.
<br />~lu~ng. flat rise Gitnitxai ter, xmi+wrtt dtxnain, ~nss,lvcnct, csde rrrfnrcemcnt, c=r arrangements ssr prcreccfings invltlv,ng a
<br />btsnttrupe m daccscfent, #iiet[ t.xtidet at L.rxtdrt's netts+rr, iupsm not,.c in Hcxrower. ma. make rui:h appearances, di.ht[rsc iu~h
<br />tacnxs slid lake ^tacb a~leoo as is rrcaisary to prole..[ lender's :nterrst, tnslust:rig, tsar ncx tirttr[rJ tit, tfi±tiursrmrm t+f
<br />ttsts~ a##3t~y'a ft~s artd cst=ry upon tt~ Prpprrty [sr make rspai:s- St tender rs=y[:r+rJ uaortg~,,s tsu*en.s a< ,:
<br />ceYedit'ttn ai ntaltiRt< the ftvsxt ses;utx~ h. [ltta, Mc+ngagc, Ht~rr +s r shat! pay the Frrrn,ums res[3srrd tc ntaatta?n each
<br />ianat in aBxet unit} xuch turn as fist iryttitcrncnt for .trots }irsuransr termtnatrs rn accsrdancr >sith Borrower's and
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