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81-s)t~425
<br />Uh-r~ontEt CaveNStvrs. Borrower and Lender ec7venant'and agree as follnws;
<br />1. 1Paynrest at Peitrci~' ~ Interest. Borrower s'hatt promptly pay +--hen dire the principal of and interest on the
<br />indebirditess eviderkced by the Note. prepayment and late charges ac prmided in the ?Vote, and the principal of and interest
<br />on any Future Advsntts secured by this Mortgage.
<br />2. Ftattda !or'(`taet: raid Ittearance. Subject to applicable law ar to a written waiver by Lender. Borrower shall pay
<br />to Lettdes on tht day monthly installments of principal and interest are payable under the Nate, until the tiate is paid iu full,
<br />a suttt (herein `Funds"} equal to one-twelfth k?f the yearly tarry and assessments which may attain priority over this -
<br />Mortgage, and ground rents on the Property. +f any. plus are-twelfth of yearly premium installments for hazard insurance,
<br />phis orK-tweNth of ytat9y premium instaitmrnts for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by LendeF on the basis of assessments ,rod hills and reasonable estimates thereof.
<br />"[rte Funds shall be heM in an institution the dept7sits or accounts of which are insured or guaranteed by a Federal ar
<br />state agency (including Lendtr if Lender is such an institution t. ).ender shall apply the Funds to pay said taxes. assessments.
<br />imurance premiums and ground rents. [.ender may not charge for sn holding and r;pplying the Funds. analyzing said account.
<br />or verifying attd campiiing said assessments and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Linder to make such a charge. &>rr:-•wet and T.endtr may agree m writing at the time of execution of this
<br />Mortgage that interest on the Funds shah hr paid to Brnrower, and unless such agreement is made or applicable law
<br />requites such interest to t7e paid, (.,ender shalt not he reyuired t.? pay Borrower anv interest or earnings un the Funds. -.ender
<br />shall give to Horreswer, wi€haut charge• an anmkat acaTUnhng of the funds showing credits and debits to the Fwxis and the
<br />purpose for which each debit to the Funds was made. The Funds err pledged as udditiona) security for the sums secured
<br />by this Mortgage.
<br />If the amount of the Funds held by Lender, togethcrnrith the luwre monthh installments n( Fnndc payable prior to
<br />the due dater of ;axes, assessmems. insurance premiums and tiuround rents, shall exceed tht amount reyuired to pay said taxes,
<br />assesstnenrs, insurance premiums and ground rents av they Tail due. such evrrss shall be, at $orrower's option, euher
<br />promptly repaid to Borrower or credkted m Bnrmwer on monthly nkvtallmcnts t,f Funds. If the amount of the Funds
<br />head by Lender shall not be sufficient to pay taxes- assessments, n7surancr prcmnnns and ground rents as they fall due.
<br />Borrower shall pay to [tender anV amount necessan m make up the deli ,cost within 70 days from the date notice is mailed
<br />by Louder to Borrower rtquesnng payment thereat
<br />Upon payment to full nt all sums secured by :his S}onHapc•. 1 ender .hall t~rnmptly refund ro Harrower any Funds
<br />held by Lendtr. If udder paragraph IK horror :hc Prnpcnt ~, .aW „r the 1'topcrtt i, odkerwrse acyu:rcd by I ender, Lender
<br />shall apply, no later than :mmediatch poor to the yak ,a the 1'roprnr ,v ~n acymsrnnn by Lender, any Funds held by
<br />!.ender at the utne of applicspon as a credit against the cua7+ secured by th;+ ,ttongage
<br />3. A/ldk~ aJ Paymet~. Unless apphcablc 'aw t+rrsates ,ah;•rv+t,c all paymemv received by Lender under the
<br />Note and paragraphs t and 2 hereof chat! t+e apgbed by [ender tint :n pacmrm r.t amounts payable to 1 tndtr by Harrower
<br />under paragraph 2 hereof, then to interest payable i`rk the tiutc, trteu t,t tha pnnupat of thy' Notr. and then to interest and
<br />principal an any Fu€ure Advances.
<br />4. Clu~st I,Ieatk. Borrower .h:tii pay sill sass= ....._v:t77rnt .,nti :•th.r ;h:sr{;e, cloys arts! rmptnitivns attr:tsutablr in
<br />the Property which titay attain a pnurity over this \tony!agc- .end leasehoht pavmcnts ++r ground rents, if any. in the tnsnner
<br />providtd under paragraph 2 hrrraf or, it nut yard :n soak an.,nncr h7 Bormvicet making payment, tshrn dtre..hrectly nt the
<br />payer ihermf. Borrower shat! promptly furnksh t+> Lemter ail „ntr4e> ,•k .:rmu,nt> ,'ut under this paragraph, and in the evrm
<br />Borrower .hall male payment dtrrctl}. If.?rmwrr +had Lrrmptis nunnh w Ivntier receipt, :tidrnring wch payn7tnt+.
<br />Harrower shall prsamptly disrhargc anv hen .vh+~h ",.,- ,~„s,tv =-•.cr :,r, 'ttortgaCs'. ; -..tsdeJ, that Hc•rn,wrt .hail not hr
<br />regwred to dtsahatge any such Iirn +u long ,rs Fi+un•ucr ~>haie sgtrc m , aurg t.+ the ~ .gmtm +~I ihr ,.h}rgatson vccurtd by
<br />such lien in x manntr au.rptable tr> Lender. =+r .h.,tt .;i {;.=.ai tatth t v,tr=: v,r,h .,, .. t-+t, „r tirfend ratorecntent r,k such iiCn m,
<br />legal prtneedn7gs whch aperatt to prevent the .nkarenkes,t ,,. the ; t,~ + t :+rttr,uur ,d the I'roprnr rt anv part thercot.
<br />S. 1laaaeA lersYntMe. t3artowrr shall keep t!7r nnpto+ancnt. now rsn:ur{; ,~t herraltcr c•recltd ++n the 1'r•~perty mooed
<br />against loss by tirc.. hazard} sndudrd urthm the :rem ~~.•,irndrd ,,,t ci.,be .urd vuth athtt hatardv a, 1 ender nt.+t rcyunr
<br />atee! m such artu..unu arkd for sua7 pruv.ls .,-,render ^i.n ~r,tlsue. y,i,••idr.t.:hat 1 endci ,halt u.rt rcyuac that the .uuuuut ,.t
<br />itiw'.it Cily`era~ rx4~#I [hat a+-r7~.,ufr ..f 4 ..rragc r4y,n lcJ ;:, t tk,e• -~+i n1, „?. ~~rt•ii t?+ thy. ~i 5riea4
<br />~!]~ knsura=-xe catrker presmulittg tbe ;k7+iktatkce ;-.al-`. t~ <tx_...u k,y tt;ars++»ca -.kh{rrvk ! 7 .cppr.,=:ci E:g ! eaxicr, ; r.+vtdrd.
<br />that such apprav-al shall oat tsz unrras.Tnably withheld 1q preninun...n tnsutanr. ~,ik.res .h3Yl be paled m the rnunner
<br />ptavKisd under par~raph 2 hrreut ut. tt not p.ud ut xl.h ntdnurr, b7 Huu,+v,ct nta4urg payment, whtu dot. d:rcctly to the
<br />kltStfranCE ~irrifr.
<br />kti5~ (~t4C p9k14wi ~li•E rE'#a_µ 1SS th4#},at .h~.l i?c a3t t.tr lr! __:••,•9aht_~ I.. (:., r;4:ti ._ya_t .~h~ti 1,7~41.si_ .! ~td3a.t .f, .-- :.k •a~
<br />l +, _
<br />rlatise to favar.7f xstd in [arm a:cCpiabir tt: Lender, i t•r+dcr .bait hair the rght t,• httid the poitcse, ,utd renr.vai, tittre;:ir
<br />~-
<br />a~ B#r~ vet '.ita;i ps;-=ntpt;.y tutrr~h tc I_{tk.ltr a:, 6. --z, :..r~y3 :sts.i -+,t r_sckt-,s s.t t*assS t.,tusse~„r,. : _ - a. ,•i Irlv}.
<br />~ltrrlwe-t-shalt a`r~ pr.>alpt rte.'::-ce t~~ .t-k>r .:emu:atz. -+- }..:.#te : r.;;,., :, , «Re i c i::,a ,..,. , .•... rt+rt;p:t<
<br />by Barcower.
<br />Unless Len:kr ;and Bu1TUih4r athersv,+c agree to ;vrttuk{„ rttsuranvr pt.xrcd, -vhafl t7r applied to restc,ratkotr .+r repair +.+t
<br />ihC Pra}+erq' damaged. provtdCd +uch rtstirrauou of tvp.ur :+ raer.an:call~ teavsbtc .,nd the .ewnky vI thrs .Mortgage n
<br />oaf thareby impaaixl. !t uxh restosdt,on ar repair s not ccan.nr7rndh t~•aVtrtr or a the xwunty of thrs Mortg.rgt ttiuuW
<br />Ito itn}wtrrd, the tttsuraoce prt7~kxds shalt tx applseJ t„ the swua visored ht ihr '4forigagr, .t~:h ti7r tvie>a, it au}. }lard
<br />to Hotrawrr. If the PraprRl rs ahaudoncd b} Borrowct..~r .t BUIIULCr toile t,, tevlkua} fir Lendtr w,thut its da)s h,+nt the
<br />datC uati<~C is traded by LrtHlei is, Harrower that the :naurancr vac fur :•tlrn to xitlc .~ .i.unk t,,r :nvuran~r henrfiu, tender
<br />is autharkttd to calkrct an.f apply the rnauranvc pr words ee i.rnJcr n ,+puon elilker t„ restutautm r.r rcpakr Itt the Nrolv:nv
<br />of to the sums .rctueai b} shu Llort~e.
<br />Unless Lrndrr and Bkvttsuer othrrwssr agrct .n .vut,ng..uly war apphianun .d prtxerds t,t pnnt:pal +h.dt not rttend
<br />lx psxfpcxte the due data of the nwnthh tnstaiintcnts :oicrrrd i,~ m paragrsphv i :md 2 byte„t nr :h:mgt the .um+unt ..t
<br />such knstaUmcnta. ll wrier paragraph ! N hrtrvt ihr Ys.+I'kerty :> dvyuncd by I-rndct, ,7q nght, htir and u7tt•irat ,.t ltorr„tver
<br />m a,~ is arty ktkalfiatkCC pel~ir3 atx.t skk Arai t-. khe pkc~r+~ tlU_re~i raulksng from damage t++ the Yntputy p;rtu t„ the s_,te
<br />ar acayutsttwn sha8 p to Crosier to the taunt ,*t the sunk, srcurcd by thin \iottgagc tmntrdtatci} {,not t„ ykch ±sit..x
<br />acgftisii~ut.
<br />i, !'tneaenrNttu tud \Iaitiieeuncr of PreprrtY; I,easahulds: t'ttndtturelniutefs; Planued Unit I)cyelupmrnls, Bosrussrr
<br />shall iccrep titr Property is gL"~ repair and vhall not ;.ummit +vxsta .+r Ixrmtt trnpxument yr detrrtorauvn .?f ihr Prvpeny
<br />attd shall comply w°ith the ptatiscuns of airy ivase tt tins r-lorigage :s an a ledsrhotd- it this M1tttrtgakr is rr a ,mu in a
<br />s~ndstmin7um <<_,t a lalanned n,7rt ~sel.~pnh:ut, L~utvvvcr *halt {xrfyatit al! .•i Barrt,++er's ,~kt!rgatscns urnler th<• d•_c1~#atl,,,r
<br />c?[ ~&a4CASUftx crCaiiekg~ord giwern`kng thy: rtrndanunrum or ttii:wncil quit drvc(t,putc.nt, khr hydaws end rcgulaU++n..,t the
<br />Ct~RtIPrrllntUm or plaa~sl unik ttevrlapntCat, and .:.lat'i(ltuLt7t dc)<ttine nt+. It a tilnd+7mtnklinl <+t piainked c;tut .rite{+ml?o-nCk7t
<br />t'if~I is ctte€uted hY Harrower and rc`v.orcled tok*ethc'r wink tht, Myntgngr, the clr,enants and agtecntcnts ,,t :uch r,dcr
<br />ehall tW incprpgrafrd sofa attkt shall ameud asxt sap!+{eutmu tiler i~ovcnunt+ an.i xgrcrmcnu t?t th,s hlorigugc dv rt ihr ndvt
<br />wore a part hercad.
<br />Y. 1!eyiloaA of Leawder`s S~arlEy. If Hurrttwer tads to ptrforrn ihr covenant. ahtl agreements cumwnrd m thn
<br />I-fOrtgagi+, at iC arty tfctiata y*t ptatc4tifsttg +s 4strtttttrrtcrd watch matrriall} utFciks I cudrr's tntrtr`i in the Prtrpret}.
<br />inclt+clitfg, bftt nett Iirnited to, eminent domain, inaelvency, .pile cn loritrncnt, or at rangentrnts .vc prrntedknks ,nv+~!v ukg n
<br />baitllt'tt~ M dsredtmt. then Leader xt Itt7dat's opisi++t, esp><>n tkt+t it'.a t.> livur+iwrr, nkal ntaA;t soar appcaranars, slyer{user sn+'t7
<br />5fitR5 Mtid ttllte itkCh astic7n as is nt~r°Tsar; lea ptofret trndrt•v mtercyt, rnclud,stg. but net timdrd m, tt~shurrnrrnr „t
<br />-q#i4etsbla atiaruay's fees a~ entry ugcsn tIw Pcatptny- to make repair if lender rtquited rr=.+?+tyage tt7sua ancr av a
<br />~t o1 making ihr !park secured Iy' [his Ikletrtgxgz, Harrowcs shall pag ihr pre=nkiurn~+ rcq.7rred n, mauuakn setat
<br />iititiNyt in e:~e%,i untl aucrn t try ihr rCquirement f,b~t such itksuranGr tcrruikkxtrv w ace,+7rdan.r 7+7rt7 Btkrc>u>nr'v an.l
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