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<br />81--1)03367
<br />tJtrrtroRat CoveNawrs. Borrower and Lender covenant and egret as fellows:
<br />2. l~ay+srett of teYA}d sad Itsleeesf. Borrower shal3 promptly pay when due the principal of attd intemK on the
<br />evidenced by the Note, prepayment and lets charges as provided in the Note; and the principal of attd inbetut
<br />on step Ftthtrc Advatttra sxetred by this Mortgage.
<br />2. llnda for '!S~ tttsd' Itansrs-ce, Sitb}oct to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Leader on fire day monthly instaFlertents of principal and interest arc payable under the Nota, until the Note. is paid in ftte;
<br />a ~ flwteln "Fttt~"} sgaal to Otte-twelfth- of- the yearly tapes and a~ssstttstitt which may-attain pr&trhy aver this
<br />Mortgage, and ground rents on the Proptn~ty, if atty. plus one-twelfth of yearly premiuro installments for hazard irtauranee;
<br />plus oae-twel[th of yearly prcmittm installntenta for nnortgape inaurattce, if soy, all as reasonably estimated inlNafly and froaa'
<br />time to time by Lender on the basis of assessments and bills attd reasonatile estimates thersrif,
<br />- The Funds shall be held in an institution the deposits or accounts of which ate ittsuPecl or gwrante,~-by,a Federal-or
<br />stets '3encY ffncltrding Lender if Lender is such an ittatitntion;, Leader shall apply the Funds to pay said taxeif~asmenu,
<br />i>mrrance premitaea and ground rents. Lender may net charge for so holding and applying the Funds, attalytaagtaidsccount;
<br />or veri[ying and compiling said ttsaeasmeata attd bills, unless Lender pays Borrower inferrer on the Funds and applfcabls-taw-
<br />permits Lender to Hake effete a charge. Borcower and Lender may agree in writing at the time of sxenttiun of this
<br />Mortgage that interest an the Ftintts shalt he paid to Borrower, and unless effete agreetttent is made or applitntble law
<br />rcquirtt such intaatat to be paid, L.snder shalt not be required to pay Borrower any interest or eatnin~ on-tire Fends: Leger
<br />spa!! gtvc to tktrrosvsr, without cftargt, an annual aaxounting of rite Funds showing credits and debits to rite-Fnaas ate the
<br />ptrrpwe for which each debit to the Fttrtds was made. The Funds are pledged as additional security for the sntns-sacttred
<br />by this ]Mortgage.
<br />u ttre atstount of the Funds heW by Lender, Nether with the futon monthly installments of Funds payable prior to
<br />the due dates of razes, assesarttents, ittsitrance premieres and ground rents, shall exceed the amount raptired to pay said taxes;
<br />te'na, trrwrance premtums grou r , ., - - - - _
<br />promptly repaid [o Borrower or credited to Borrower on tetonthfy installmetts of Funds. If the amotmt of-the Futtde-
<br />]ttdd by Letslet shell trot be suf6crsat to pay razes, assessments, ittsurancs premiums and ground rents as they fall dtx,
<br />Borrower shelf pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower traqunting payment tfutxof.
<br />Upon payment in full of all sums secured by this Mortgage. Lender shalt promptly refund to Borrower any Ftinds
<br />hdd by Lender. If uttdtr puagraph 18 hereof the Property is sold or the Property is otherwise acquired by Leader, tinder
<br />shall apply, tw later than itanxdiately prior to the sale of the Property or its accltrisition by Lender, any Funds he!~fi bl'
<br />Lender at the time of application as a credit against the sums soured by this Mortgage.
<br />3. AglNragest d l'rgaeaes. Unless applicable law provides attrerwise, a!1 payments received by Lender under the
<br />Note and parttgtaphs 1 ate 2 ttereaf shall be applied by Lender first in payment of atttounts papable to Lender by Borrower
<br />under gar:graph 2 hereof, then to interest payable an the Nate, then to the principal of the Note, and then to inttteat atul
<br />principal on any Future Advances.
<br />i. C'hri;st Iiesr. Borrower shall pay all taxes, assessments and other charges, fitter and impositions attributable to
<br />the Pmpaty which tray attain a prtntity aver this Mortgage. and leasehold paymems or ground rents, if any, in the manner
<br />provided tinder paragraph 2 huwf or. if Hat pard to effete manner, by Borrower making payment, when dire, directly to the
<br />payee thereof. Borrower shall promptly turnish ro Leader all notices of amounts dos under this paragraph, attd in the even!
<br />Borrower shall make paymrat directly, Borrower shall promptly furnish m I.et;der receipts evidencing such payments.
<br />Borrower abs(1 ptotttptly discharge any lie$ which has pnaney over this Mortgage: providtd, that Borrower shall trot be
<br />requrred to discharge any such lien w long as Borrower spa!! agree in writing to the payment of the obligation secured by
<br />such 1~ in a mmner acceptable to Lettdcr, or shall in good faith contest such hen by, or defrnd enforcement of such lien in,
<br />Itsgal prot:udirigs which aperatt to prevent the znforcetrunt of the ite^ or forfeiture of ttte Property or any pan thereof.
<br />S, Saari lwcaaee. Harrower steal] keep the rmprovtmrnts Haw existing or hereafter zrected an the Properly insured
<br />against loss by 13re, hasatrds itultided within the term "extended coverage". and such other hazards as Lender may require
<br />aed in risti aatewnts and far such penads as Leteder may reyuire; provided. that Lender shalt not require that the amount of
<br />stiett coverage excud that atiawnt of coverage royuizzd to pay the soots secured by thtx Mortgage. -
<br />'Ihe itrwraasx carrxr providing the tnsurarn~e steal! be chosen by Harrower subject to approval by Lender, provideQ
<br />that slip approval shag not be utireaxortabiy withheld. AU premiums an insurance policies shall be paid in the manner
<br />provided under paragraph 2 lxreaf ot, ,f tta pazd in such tnanrier, by Borrower maktng payment, when dtre, directly to the
<br />itssrtraace carrier.
<br />AH imurarx-e poltci~ and raorwala thereof shall be to farm acceptable to Len.ier and shall include a standard mortgage
<br />clause in favor of and m farm aeCeptabk to Lxttder. tender shall have the right la hold 4he policies and renewals thereof,
<br />and Harrower shall promptly furtattFt to Linder elf rtnewat rxwta:es and a!E receipts of paid premiums. In the event of loss,
<br />Borrowst shall gins ptomp! rioticx to ttte insurarenx +:arrrcr arai under. Lender may make proof of toss tf na~t made promptly
<br />by BorrtiwU'.
<br />Uoltra Lctide<v artd Borrower otherwise egret in wnnttg, insurame pracnxls shall be applied to restoration ar repair of
<br />the Property damaged, provided such restoration .x repair is ewitomicaUy feasible and the security of this Mortgage is
<br />trot thasby impured. !f sia:h rrswrauan or rrlraar is n.:l zoom}ntt.:ally feasible ar if the security of this Martgagt would
<br />be impaired, rite tttaura:tce proceeds shalt be applied to ttte sums. sez:ured by this Mortgage, with the excess, if any, paid
<br />to Horrowu. If the Property is abancioneai hr Borrower, c=t tF Horrawer fa+is to respond is I_ettder within 30 days from the
<br />date nwics is mailed by Leader to Borrower that ttte ntsuram;e carceec odes to settle a claim lot insurance benefits, Lender
<br />- is authtYr'iud m collect end apply the tzwttra,-scx proceeds at I.ettdu's option eitlxr to restoration or repair of the Property
<br />or to the sums retired by this Mortgage..
<br />Utaie~ Lotukt and Borrower otherwise agree :n wrung, any such applieatitxi of proceeds to principal shell not ez[end
<br />or postpone tree due date of cite monthly insratlm.~ referred t~, to paragraphs ! and ~ hereof or change tits amount of
<br />__ stK,b installments. 1f unkr paragraph t 8 ituatf the Property is acyuarcd by Lender, all tight, [irk and interest of Borrower
<br />in sad to say insurance policies sad in sari to the proceeds thereof rrsu}iing from dsnrage to the Property prior to the sale
<br />ar acquasitivtt shall parrs to l.entfer to rise extent of the surm ses:ured by this ~tortgagt ixnrrtediatety prior to such sate or
<br />acgttisitioo.
<br />& ilegtl'vrttiNw asd Maiatanrco oI Ptapartyt L.eaaebniais; Caadomiaiiasas; Planed UttH I)evdop~mewis. Harrower
<br />shalt keep rtes Property in good repair aril shall not zatnmit waste ac permit impairtrient or detetioratian of the Property
<br />snd shall txrmpiy wiUt the ptorisiana of any tease if this Mortgage is oa a teasettold. Ef this Mortgage is on a unit in a
<br />csagdatmirtittnt .u a piattaed unit dertlaptttzn[, BOftaWCr shall perform all o[ Harrower'a abligationa under the dn:larauan
<br />or suveaants cresting or gavetning the cortdomiaiunt at planned urn deveiaparent, the by-laws oral regutatfons of the
<br />s+initmt of preened unit devetapment, and cartstiwent dacumeats. If a condominium or planned unit devtlapruent
<br />rider is easctNed by Bottowes and recorded eagether weth this Mangage, tht covenants and agreerrsents c,f such rider
<br />shell be insneparatpl ztsto cant xhall aa~cttd and supinkment the cavenanis arnt agrtentenb of this Mongagt as tf rtes rider
<br />wece s part ]serevi.
<br />fi. PtralasiiMSt et Iweiar'a l€ Borsawer fails to perform the covenants oral agreetitenta cmttaitted rn this
<br />lCgurtgi~pe, or if any acrien to ptotxading is cexnmetsced which tttaterialiy affects i_ender's ittterrst. in tht P=aptrty,
<br />brit cwt fimiued to, eminent dottsain, irtsalvertcy. catlr enfvreraisent, ar arratigesrteats-or proceedings invaivtng a
<br />biwlektipt tta dttt5~dtmt, then I.sader at l,eotier's sprain, upon itatice ur Borrower, tray make such appeasansxs, disfwrse sus:h
<br />sterile aced take ate adiort as is nr+ceasary to prtxect ]xttder's ittbett%b irrcluding, bizt not iiroited to, da3bursernent cif
<br />- tttafa ~t+oree3t`a €era and ±~r-t'Y uparz the Propettr to make r4-pst;ir5. 1# l..ezKlsr requital mcsttgaga-tttsutaucs as a
<br />_ of rtes loan sactusal !q thta Mortgage. Borrower shall pay the prtmiutttu rcNirtrai. to ttiaintaut sru;h
<br />t~ is ailsct wrtB nine as ttra r[alrtitiraient- foe- such irrruranra tarmituatsa ttt auardan::e with Barwswcr's atui
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