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<br />Uwtrroaat Coverurt'rs. Borrower and Lender covtxattt sad agree as follows:
<br />f. taYaree rsf Pe6triPa1 atW i,etwat. Borrowtr shall promptly pay when due the principal of and interest on the
<br />f~ebtt evidenced by tht Note, prepayment aml late charges as provided in the Note, and rho principal of std iatetsst
<br />~. on any Future Athrtrnces secured by this Mortgage.
<br />2, i!Wi far Teas tsteA laesttsace. ~ttbject to applicable taw or to a written waiver by Cruder, Borrower sbat3 pay
<br />to [.ruder on the day raonthly ixtxtaltmarta of principal and interest arc payable under the Notes-until tFre Note ia-pad-iEt fnB,
<br />a cam thrrefn "Punda'~ equal to one•tvtrtftlt o1 the yearly taxes and assesantents which may attain ptiorhy t)atz this -
<br />Mostasge, sad ground [rents on the Property, if nay. plus Otte-twelfth of Yearly Premium inualitnenta for hazard -inntrattee;
<br />phn a+e-twetftb of ywriy prrmittm Instafhnents for mortgage insurance, if any, a4 as reasawbly atiteyated itiitiaUy _a_ nd_ f_mm
<br />titer tb [tree by Lender on the basis of asaeaaments and hills and reasonable tstimates thereof.
<br />The Ftttx~ shag be held in an inatitutttm the depmits or accounts of which are insured or guatantr~ by a Peacoat cot` --
<br />state agency (including Ltmder if Lender is sock an institution). Lender shall apply the Funds to pay said taxes, asseantdrta;
<br />iatim7asE pterrritatns ttnd ground rents. Lender may not charge for so holding and applying the Funds, analyzidg said accortnt.
<br />a' verltping-and compiling said asaessmratts attd bills, unless Lender pays Borrower intextst an the Funds and"applieab~ Iaw
<br />ptmssib leader to matte sttelt a charge. Borrower and Lender may agree in wrivng at the [tone of execution of the
<br />Mort>jage-drat interest on the Funds shalt tee paid to 8orrawer, sad [micas such agreement is made or applccabla law-
<br />- rrgtsmsttch intereai to br paid, tender shall not be required to pay Bonower any interest or etttstings on the Fntcds, Ltd
<br />shag gyve to Bontwver, without charge, an annual accounting of the Funds showing credits and debits to the Fonda--and the'
<br />purpose far which tech debit to the Funds was mad[, "Ibe Funds are pledgtsd as additional security for the sums aecnPed
<br />by this Mongagt.
<br />If the antotm[ of the Funds hold by Ltnder, together with the future monthly instaBrnents of Fundt payable-prior to
<br />the due ants of taxes, aaaesaments, irnurance premiums and ground renew, shag exceed the atnaunt requires to PaY said taxes,
<br />rrswance premtuttts grouno rears as t y tau atx, sucn txcess tut tx, at owers opaa" n'~lsert s
<br />ptstr®ptfy repaid t0 Hotrowxr rx credittd to Borrower on monthly installments of Funds. If the amOUrrC of the Feeds
<br />hail by Lt~dar shat rat be sul5cimrt to pay taxes, o~,~-n, irtsuranrx pttmiums and ground reins to they fall dtx.
<br />Btrrro7ner shag pay to Leader any amtwnt aectssary to make up the dehcienc}' within 30 days from the dart notitx is malted
<br />by Lmdre to Bonavu regtreating paymem thereof.
<br />Uptaa paytneat in #uil oC aU sums secured by thts Mortgage. leader shall promptly refund to Banower any Funds
<br />held by Lender. if ands paragraph 18 htrcof the Property as sold ar the Protsrtty ra otherwise acquired 6y Lender, Lender
<br />s4a11 apply, ra later than immediattly prior to the sale of the Property or its acquisitlon by Lender, any Funds herd by
<br />Leader at ttte tgne of a~iietttioa as a coati[ against the sums secured by this M.,.tgage.
<br />3. Appifeaafoe of r4~ Unless applicable Iaw pravrt~tt otherwise, nit payn ;nts rer-eivtd by Ltrrdet under the
<br />Non rrHtt paragraphs 1 sad 2 hereof shalt be applied by Lender fins m payment of amounts payable to Lender by Borrower
<br />urtclar paragraph ~ hetto#, thin to mtrstst payable oa the Note, then to the principal of tht Nott, and rhea to interest and
<br />pcitxipal on atry Future Advances.
<br />S. CVesw; Iiaaa. Borrower shall pay alI [saes. asseasmenu and ether charges, fitres and impositions attributable to
<br />the Pro¢eRp whiclrmay attain a prtorny aver this Mortgage, and 2eaxhdd payments or ground rents, if any, in the manner
<br />proves under paragraph 2 hereof or..f not paid m such manner. by Borrower making payment, whtut dtu, directly to tltt
<br />ptyae thereof. Harrower shalt promptly furnnh to Lender aft nourzs of amounts dtx under this paragraph, amt in the evem
<br />8ortower shall taaiee payment duextty. Banasvtr shall pramgtl} tome?[ to lsmftr receipts r¢idencing such payments.
<br />Harowrcr shall promptly discharge any Iron -a~htcts hu pr>s~rny cater thts 4iartgage; provrded.:hat Aarrower shall not bt
<br />required to dtacharge any such lien so tang as Bonuwer shah ague ,n --=nang tv the payatnt of the abligatfon secured by
<br />Bud litre is a macrsrs ttcctDtablt to Ltrtdtr, tx ;[:all art gcx+d farih :vntzsr Bar`.". ten hs'. ;;€ defend enforcement o! such lira in,
<br />legal proctedirtp which operate to prevent the rntoreetrxnr of the rcr..>r tnr2enuxr v[ the Yroper[y or any part [hertof.
<br />S. Ilsaard laaat#taee. &arrower shall keep the rmprv+emcnta nov. rsrvrng or hereafter erz.-.ted on the Property insured
<br />aiaimt lass by fttr, hazards irn;tuded wrthm the term cstertdcd coverage and inch .xhtr hazards as LtcKitr may require
<br />sari ro rarclr amounts and far such pernsds as Lentter may rrtturrc, ~~rvetdtd, that t_rtxkr shall nut rcquut that the amaua! of
<br />Brach coverage excced that amaun[ of ca.trage rcqurred rv pat rnr ,.:ms scented by +nn Mangage.
<br />The itssuraate urntr providing tbt towrans-t shalt be chcrsat h} Bwrvutr subject to approve} by Lender, provitkti,
<br />that stxh approval shall net be uarertsvnably w•uhhetd. iii prcmtum: txt insttrancc pdictes shall tx pant m ttu inserter
<br />p[ovitled trndtr paragraph 2 htstaf ur. if nut pwd to such manner. cy &arrowu rnaittnx Payment. when dot, drrttYly to the
<br />fmuraate carrtar.
<br />All itswraac't pohcra sad recewals thtreut shad hr .n t?rm .ti<.-cptabte ro t create »nJ shall uscirrdc a standard mortgagz
<br />clause m [near of sad rn ftxm acracptabie to t_r~raicr. [Berke Rharl na.e the rrgbt t<, taotd the pcrtrcres and rcne»als therm}.
<br />and Borrower shall promptly furtnsh to f,ettdzr alt rearwai nonce, and art rr~ct}>rs .+f ¢erd prennwrts In [nt event of [ass,
<br />Borrower shalt gyve prtampl notice to the iaaurancz garner and t rmier. i ender may rnaie prex t of ices ,F net mad[ prumpUy
<br />by Brower.
<br />Uoina I.tnder sad Borrower atherwesz agree. m ~nung, rnsurarxe , rctize.iz shah tx aPPirtd r=, restoration .>r repair of
<br />the PrxapenY damaged,. pravrdrd such reatarmtrva ur rrparr ,s rt.~ru,rnaaity leaatblt and the stiiuruv i>f rhos \iortgage n
<br />rat [bas"eby imputed. If such rawsatrun ur trpau ;s [wt rc.unormcatly ?eastbie ur ,; the sr.-urrry t~f rhos Mortgage would
<br />ba tmparrtd, the Insurance pr,xttds sha31 be applrtd t~, the scans ,ecurcd try €hrs Mongagt. °.s:th the r~xss. ii Wny, patd
<br />tea Btumwer. If rim Property n abaadonrd by &arrowtr. ~~r ~: k2urrt,wer ta.:s [:~ rapt*nd to Lender wethin 3U days from the
<br />daft notice Is marled by Lertder to Borrawtr !hat the snaurnrxc earner c~tten : ~ Bettie ., ..iann Rn ~nsurana:e t,entfits, Lender
<br />rx authorimd to coli[ct and apply the insucartce prucezda ut Lradtr~s .~paan tether tv rtsturarlan or repot of the Property
<br />ar to Elea stems acetrred by rhos Mor[gtegt.
<br />Unless Isitr~r sled Barrowtr otherrstse sgrzr :" '+r~nng, an~..uch appitcateurt .+t proceeds to pnncrpai ,hall nut extend
<br />o< poatporre the [Stec date of trot mouthl}' inataiimems referred tv e:: paragrapias :end '_ hercui or ~h:uage tht season[ of
<br />aatchrmriallmeats. if untltr paragraph :B hereof tht Property a a.yvuetf r.} L_enaer. ail right, ~~tie and i:rtertst a[ Borrower
<br />is sad to nay imuraztce patuc~s noel in and to the prva;~-ds thorari vesuirsng from Gamagt to the Praptrty ;rear to the ss+fe
<br />M aCgitisi90ti shall patss to Lender to tht esteut t>t tht surzra secure) rs thu ?stvrtgagc ::nr:tzdtately~ porno to such sate ar
<br />- acgrustttorr.
<br />6 }taaarvaliaw tint Mdatewatree of Pratreny: t.casebrstds; Crtndoariniataa; Ptaratd Unit Ueveiopmeats. Barraw2r
<br />shat) heap the P'r'operty in goat! repair neat shall sat .:ummft waste c;r ptrmit impairment ar detertunxmn of the Esraperty
<br />rrtad sis,stf ttMnply with the pravistorra cf acey Ittrse rf thts Islurigagt ra an a '.easthald- If tht-. Stns [gage is un ~ unit en a
<br />- rtm ai a planned [tint dtvtiu.pment, Batn,wer .hail r~+rrfxm ati of Barruwu~s ohirgauuna under the deilarahun
<br />rx' tOVOAtttts etr.atrrt; or governing the ,•cmdvmrntum or planned stmt devr}o¢mrtat, the by-la'a:s and regulations of the
<br />- ct~wnittitun eat plas}ord r/an tteveioprtstn4 end ,:unuiivrnt dnt:tnxrenta.. l,. a c.~odvmimum ur nlanrsed :en,t =7csrlopntrnt
<br />rids[ tc caacuigl by Berrawer aril re:ordrd together wtth rhos Martgagt, the cvveaatita ;urd agrttmenss of such order
<br />a§1aB,ba ittr~pofaLrd. rnE4 sad shall amend attd suppizmcnt iht cu.tnanta and agreements of this Aiortgagt as if the eider
<br />~9re a ptgt hiuaof.
<br />9. 1~teiatMata at Iaeahr'a ~. if Borrower €ails to prrtasm the covenants and agrteruents curitatraed in this
<br />Itf4tt(ta]la, ar B stay aetiru ae• pra'~diog ,s :ommeacert evhrch metarialty affects Lender's antrrzsc in the Property,
<br />i~ but ttitt limimd to. etnltftnt tioutain, irrsolvttacy. curie tnforccoaent, yr arrangements ur pnxeaiintla mvutvirtg x
<br />laataitrtt@t a tlacesmt, than 9.xariar st l Beau's aptrcm, upon rtatrCe to liarrowtc, stay raaale such ap¢earancra, drshurse such
<br />ssteaft tm¢ [ilea atac#t er.`iiao as n nr~'rsaary to pratact LttadrfF rrrrsrest, ;ncStftiing. but rat limned to, disbutszrtteni t•t
<br />r atteratty`s fig. ate rnrry upon cite PrupertY to make rtptttrs. If Lrndtr res)vircd mortgage irtwranec as a
<br />.oadittiatt of ~ the bran saacured by rhos Martgagt, B+m`<:wtr chair #uy the premiums rryuii-e;l tt: maintarn srrrh
<br />irYatraaea is artbZt tutit£t Bach [tare as for tttyttirteasanl for sash fnsuratarae tcasrrfnatta an S::eardirsc€ wtth Barrcnvcr's nerd
<br />ii~Y(.~~~~""""L~
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