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$1-~ QQ321 <br />Ulmara Cot~nerrra, Bortovrer and Lender covenant and agrm as follows: <br />~, IAryatteu of ant Isseratif. Borrower shall prompfly pay when dote the ptiucipal of and interest on the <br />indabtedlttea evidenced by the Nat, prepayment and late charges as provided in the Note, and-the ptincipil of and intetext <br />tan- tury Fttttm Adv~ces sa:ured bt' this MoRgaype. <br />1 l~isis ~'tlsree tteati Bss®arrte. Subject to applicabk law or to a written waiver by [.ender, Borrowtr shall pay <br />to t.,trrder an the drt' mof+thly iMteth9ttftx of piitnipal and interest art payabk under the Ntrta, until the Nat is paid in full; <br />a sten (herein "Fttttda") egwti to ont-twdtih of the yearly taxes and asatssnrcnts which tray attain priority over this <br />Mottpys, sad grotaxt rtwb cxi ttre ptnpeny, if any. pars one twetftfi of yeasty pt~emitun ittstalltrients Eor htusrd irtsxttattce, <br />phtr ooe-twolfth of yttatly prtxnituts itutailtrtertts fat tnortgngt insurance, tt atty. alt as rerxmabiy estitarted inltialfy and from <br />firsts to time by Ldxtfet txn the basis of asstustrtetsq and tads and reasonable txtirnates thereof- <br />'i'he t=tttt~ shall be held in an irotitution tyre deposits or aunuttts of which are insured or gurranttfod by -a Fsptierat or <br />roam t[gettcy €inciuding !.ceder if [.ender is such an ittatittrtionl. I_ettdtr shall apply rite Fvnda to pay said fex~, moments, <br />ieatrrttutx ptfemiurns attd ground rents. t.etider may trot charge tar so hntdirta grid applying the Furth, analyzing said account, <br />of vmrffying and oamp`ting said assesamenta aril trills, unku 1.attder pays Borrower inicrest cm the Funds and applicable taw <br />pareists i,a+xkr to tnrke such a charge. t3nrrowtr acrd Lender map agree in writing at the time of execution of this <br />Mortgage that interest on the Funds shalt he paid tv Bprtower, and unless such agreerresnt is made ar app-icahie taw <br />ttageir+ds such interest to be paid, fender shall rrnt be rcgtnred ro pay Hzsrr4xvet .rn}' interest s)r earoings on the Fwtdx. Lender <br />~util give sn Bortosrer, withan charge, an anrtnat accounting of ttre [=ands showing credits and dtbits to the Funds and the <br />prtrpose for which each debar to lire Funds wax made. The Fortis are pledgt:d as additional security fur the sums stxwed <br />!rq this Mtxtga/e. <br />If fhe ttrttoatt! of !tit Ftnids Fx1d by !.ender. together xnh the future monthly mrtaUrtxnts of Funds payable prior to <br />We tMte darts of tares asseastrientx, itxstlranee premiums and ground rent. she!! exceed the artttwnt regmred m pay said Taxes, <br />asstapms~tts. iuwrattre prentiuers and grotrnd zeretx ax tticp tail due. >t3Cti excess strait be, at Ftorrower's aptinn, ciiher <br />promptly repaid trr Brrcrower cv esedfuvd in Borrower on mnnehiv :ntaNrnenn of Funds. 1( the amount of the Funds <br />held by Leader shah rwt bt strfltciiwt to pay taxes, aasexsmenta, tnxuraftec prcmmms anJ ground :ants az they fall due, <br />13orru+~er atoll pry to festdcr say amount tteccssar~ so make up the JeticteneE woken 34 Jays from ttte date notice is mailed <br />by !.radar to Hwroartr reGuestmg payrtxnt rhtrtxit <br />i3pnn payment in Putt n€ all toms seetu«i by this !stcsrtga(ic. l.cndet 4hai3 , rvmptt}' refund to Ftarsewer any Funds <br />trdd try 1<sxder. tf uttdel paragraph +R turtot the p*.rlpcrtp :; .cdd .u the prcpenu is exherw°ise asqutrcd h*y !.coder. Lender <br />shall appiY, oo tats_r ahtut :mart~axly prxot to she sate rat rife Frapem~ ,v us atgmsiteort hF Lender. any Funds held by <br />!.ceder at the trine of appticaruirt xs a :rain aaarnst t2tr sum+ ,scored by chit lnrtgagc <br />~, a( ~. t:nkss applx:at?Ic tau. r:.rrvntts <uhcrwise, alt paymrnts reeetved »y l.errder under the <br />P1trtt aed paragraphs t and : Teertar! shall txe a}xp+ted ty i.rndcr flrsr in ,?avtnent of amtxtnu payable to !.ender by Borrower <br />ttttder patagraptt ~ hettot, thin ro :ntcrsst payat+de ,tn she tivtn, then to life pnnctpai <~t the Nrxc, and then to interest and <br />pnnctprt stn any Future ,idvancn. <br />.i. C1att~ ii~a. Bcarrosser .3ea++. t,as a*l ±ase+. ,;s.rssnxnts anJ ..thcr _hafgcs, !rocs ,:nJ ~mposutana xitnhutable to <br />dsc pntpa'ty winch may utam a prxxscy ever rhea Stort~ge, and 'teaseh4a+al pa-rrmafs or ground renu, tf any. to the atamttr <br />provitkd utrtitr partt~pripft Z hereoY c_>r. 'f trot l>aki :n ssa:h rnannes. ttv Itserrc~,vu mai.mg pavrzeent, when due. Jtrectly to the <br />payer tltema<. Bourrrsrer deal! pramptfy carman to 1 ctnicr a!i ;a t:~rs 4s: ;m4jur.[s Eiuc ;rndre tht3 paragraph. aqd in the evt <br />Btxrower rhaU make psy:..mt drr«t[v F)orr,t~r shall prrunptlt :urn:sh n, i ensh:r ,•s,:stgrs evidencing sas=h paytmnts. <br />B.~ttrto~.s,.v~arr alai! promptly dia~xssSs soy :~: whe:h !tea ,,rr+mrv ,,ve: ±hrs ~tc+rtga~tc. l'nriJCd. that Btw'rtwsrer sttaff not tx <br />`"f`+""" to :tOChai{tt any stxrfr !sera s~+ lung .ss ttwnmYf s}roil axrrc :a ~.rrt.ng 44x the payneeni tit the nbligateori secwed by <br />sareh late rn a trunxr atxapta~e iv I.ertdet. 4u skald :^ p,«v taoh t4=r+tc+t 4sri tr fren hy, ar ctsfend entvrcetxrent of such Lien in. <br />raj prare>rahrrgs wttrch operate tsf yrevent t+x i:nt<~rwetncni .,+ _+„- ~:tr ,.: tnrt:.siurr ~~t :hc Preps, y r-=t env part fhercaf. <br />!, t~ ttssstraaset. Btmuwu shaft F:ccp :}se +ttipra~>enrcnt, ,,,,•+ .:s,sting •*r ~crcaftcr rrr.~trJ en the i7mpetty m>ured <br />lrgaioit isMS M tire, tiatacds 1nc)usicd utitt:n thr icrat r•3G,tste - - - •cragc .tnJ .:~h ,,that tta7.atds ix> 3,cnder rnuy regatta <br />~ rn sorts am~urira and t4u ~±? peasxis ~ Eens#er :rss ,cc, r_ ..,dtul..'sst i.entter shall :t rer;cnte tbak the unts,mrt cf <br />sta`tf svverage escc+k+sl etrzr amvi.ret „f ,uscraae tegmreJ iv [' -. ,c saxtrr> e4, ~t ,- ;#cs 41vrt;iags- <br />llte tnsaratxx stirrer ptc.vrdtng the arsasuxinsY sixsti kse r:cxsec) iky ~'Kt .>cr uhtes:t t:r Approval »y tender. previekri, <br />that :arch apprsrval sbth run 6e rutrYtniatsatsh- wubix)d. iu ; rerwt;rrxs ,ns trrsurafn:c pa,+rsr a Ehafi :x Fart ~n :he rnamter <br />prvv~esl trtidti pacagtntptx 2 taerrvt vr.:: resN pard m szfin ttzaru:cr. '*v $uzte+xcr trrsking payment. when dos, .fareatly to the <br />r9iti7apf76 a~airitr. <br />AA taaxKrNxt:i puhcedr and resxwads tfaerr)t stt3+s lac a: f:,rnt actetrzahk to t cosec toil ,hall ,usi„Je ., .taadarJ nxsrtgage <br />c-fatgti io favor oT aid to fwm a+e~t7lat [ir LttxSti. t.cmkt sta+' has- he right -. tr.ril :he p.?Eiwee. anal rincwa thern,f. <br />sad I>ktrtc+»cr shat! prvasptiy fwtastrt to Lerxdes ai•+ rcnesval 3WttEU'> anal a l cris+pr - petal ptrrueutn, in t}ts rent )t tars. <br />6krtrowtar shall {}tv¢ prompt tintrax +o the :rw.racxe caterer artd 1- c)Jcr Ir:n$ct ma. n!akc pi<,kst 4,f 147Sa ,t no: u)ads prx•mptty <br />try Barrrsrer <br />L'=A1rif t.tnder anti tsozrusrer uChetrc;r agree ,ts writttgt, uisutar„s f3r..+~ecds sltaH tfe appitdt ;;: restt•.ratpfit 4+t tepatt s,f <br />ttxe damagrd. prvvtJdt uxfs rtatutatx;at err repair cs c..s.r-w~,~;xa:+y teasrtete x€nt the security of th,s 's4ortgage ss <br />giM tb6reb} napaxrtM. If stash rsatcft aloes w rcQ3xrr to txtt ctsur45nzw.ailr teaass_ric yr of life secsrru) 4>f thta Mortgage wuuitt <br />ire iatiptured, the rttwrwaco iK shall be appiwst to the satrxs vecutc:3 by ttus Naflgags, wuh ins crest i, of any, paid <br />ut Lorstnret. It itxC Pxaptrty es atsatxd4.•na+l txy tk'xr..wct, su it (3txr.nvtx teals w reapssnd tv Lertdsr wrthirt 3fl days front she <br />dtRe solace d iearied by l.etttia w Borruacr that thre ,txw.rartce .:arrrer «tfiro }o xettls a harm for tsrssxrmce +xrsefits, Lender <br />is aulbgrNtUi to trtftt4-t sad ap;iy tbt 3nbYria9..f prese+ssrta at l.cnsler~s optrsxs ettlter ty reettnratron er repair of the Prapetiv <br />ar w tAr atrrur s«,uiid by this Afo~rtp~, <br />;)teas Lcatfer and Btxrawer vtltersstse .agree ;tt wrctaag, any ssa.tr sppix=atisot 4zf prcx;erds to print;+pat shad not t><tettd <br />or t~ tits fiat drle of eh¢ rxuxtthts irxsitxitrrscrxts referred t+, ;a paragraphs land _' hereof er change the amautu of <br />3iiCbt iesirtittrtcats. It trttsks puagraph 9d txsrwt she Prvper[y :. asyurrtd by lxttdcr, all ngbt, title and interest u! trarrcm+sr <br />re sad rsx !try ittsWtrtx.'e pcslicxa and rn steal ta) the prva:rwfs itterevt resuttrng #rotn damags to the Property error to the! wle <br />of atayuwaon stsatt pturt to Letrdtr to thr extetu at the =urns ;sxatsst hq thrs lfortgagc smrnedtateiy pr.vr tor.>trvh sate er <br />~^ <br />iy, ~ rttirtt ai 1'rs>taaay: fsarapr:!>b4 t:aiwisaaa; _ PLwxtted firm ilestdnpwtarr. l3orrawer <br />tlifrlt krttp the Ptapeety is good relxur and sleet! ttw ccieuett wa;{e of pcrtnit trtapa+rmtat or drasraurouon of tht property <br />aad.thii! Y with the p;ovistons of any Itaat +f ihrs Mortgag< rc cxx a teasstruid. tf the `+tnttgagc is sxt a unit m a <br />~stm of a plarsnad utut dsveJo~tsctxt. SntroweF shall perform alt vt Bortvwarh obiigati~ls under the dertarateon <br />_ - sx rrvtrasrita ~. car ;t'~8 tf~ :c€rsdotz3itta.,,a sz plann~f crttH s~v,prttcnf. the- by-)awe and ivgutat~ns of the <br />i,iLll~PrU/aentYF of pJapusd trait devslppasenz, and constituent ds~`unieatts. 1t a cvtt:tom~tium yr ~lanttsd citsit Jcvslopinenf <br />r-x txtcut~d tN` ~t-Ynr"sx ~d r~s?rdsd tuq{etitrr cvittt this '.-.trxtgagt, etre ~tt•ettatics ,smi agrec[ttenta r!f such rider <br />- - shell 6r incaryogated iN4a sad shrttl ataead sad strppitttttrti tFte .:s3vctiarxt3 and agreMenctrts s,t this Martgagt as if tht rider <br />+rutt a ~sfs ixtsof: <br />T: g7OS! 4C,-- ll tw?c; €ailx rn ptrforra tip cnvanants a+xcf agrscn~s#ts 4:crtttaitttai in this <br />tat. mqf srmfta Oar psoooedtag ss somtststtcr~t wttir~€r rnalcrialiy aBcw°ts Lerxdtir's tntcrest in the Property. <br />-bit! iyal timed to, miraeas tft, itratalverlcy, enEceitatmutt, of arrangements cur prus`etdings tnvotveng a <br />fiiu[rl6itt}tLae ~,t ter at t,aaadet's uptioti, uputt rxrtazx to Borrower. may n~rit aucb spptarasn'es, drstxtrsc sui h <br />sold slaalr artitta as its rsttow~strry ec ptvtrpt:t lettder's :ruertst, :txtuding, hu€ rata iimuud it>, dtshuraamem t=f <br />trtBt's #sR asd carry r~atu ttrt Properly nxaicc rms. 2t ixrrdcc reilttited mortgage i.twratts:c as a <br />- >~ ul arella~ tke 9oae acs:tatsd fry axes !itor~a;E. Bcrtvacr shelf pa}~ the ptt^uteutrts rat{urrrst to maintain whh <br />isiassrll4iva Bl rttud welt tease az tbt togtrutmtda; los sts~y iruwsarx~ ttxrninatcs t+x atxvrslattu etilh Bcurower's arrd <br />