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<br />Ueaaigr~ttas Crtvrrtvx~s~`:s. Borrower ana9 'tender cs;venant:tns9 .are..:s ft~i!ows° <br />i, ~Frfac~d aiwd 'lne,trt. Burr wet sheet {>rr+mpt(s e)ay uh~n tLue ~thc prrncipai , i .oast interest ~iwn the <br />ittided tcvidh^tttted oS' t~xa Nate, prepa)'trtw:nt an l ti to charges :rs pr~,s.ded sr! ahe Naate_ ..nd t'he prtn apaq t:t and interest <br />on any ibttfute tCdvances accrued"bv chi<, l7c!rtgage <br />2. Fawdt for "ittzes and It~ce. Subject to applicable taw ar to a warren warver tav l.rader. Borrower steal: pax• <br />to I.ezrder ore ttre day monthly itrstaHrrtents caf pnncipa( and interest are paya(aie under the tiOte, natal the '.yore is paid in furl, <br />a start {herein "Funds"i equal to one-twelfth a{ the yearly rases and ascessmcmts ,which may attain priority aver thrs <br />Mortgage, and grotmd reins an the Property, rf an}=. pins tine-twelfth of yearly premium installments for hazard insura:ce. <br />puts one-twelHh of yearly premium installments fro mortgage insurance. ii any, alt as reasonably estimated initially and from <br />time to tirtx by Lender on cite laasis of assessments :rnd hills aad reasonable estimat:•s therenf. <br />The Funds-shall Cte held in an institution the deposits ur acu)uns of which art insured ei guaranteed by a Federal or <br />state agency firtelttding Lender if lender is such art institution 1. l ender shall appix the Funds to pa} Bard raze;. assessments, <br />iMUiHnCe prierrtinms and ground rents. Lender may tint charge for so hotdtng ana applying tht f=ands. analyr~ng said axrntnt. <br />or verifying and compiling said assessments and hilts, unless Lender paa~s Horcewer interest tin the Funds and applicatale taw <br />permits Lend4t t0 rtake such a charge. At>rrawer and I rsnder ma} agree in wrung ai the time of cYecutron c.f thi5 <br />Mortgage that interest art the Funds shalt tx pald t0 Harrower, and unless such a¢reement is made c,r app(icahte taw <br />ra}uires such interest ra tae paid, Linder shah not tx reyurr-°d t0 pay Harrower am interact o. earnings on the Funds. lender <br />shall give So Borrower, without charge. an annual accotmtmg of th^, Funds ,how)ng credits and debits to the Funds and the <br />purpose for which each debit to the Funds was made. The Funds arr. ±,iedged :ts addinOnat security' fur rhr sums securc'it <br />tsy this Mortgage. <br />If the atttauM at the Funds held by t.endcr. together wnh the future monthly imtallments of Funds payahtc prior to <br />the due dates of razes, assessmmis, Insurance premiums ,rnd gnxtnti reins. ;hail exceed the :rmrnmt required to pay said taxes. <br />assessments• insurance prrntiums and ground rent. .rs they twit dur, inch excess shall he. at Horrower's opnan, either <br />prosnptty repaid to Borrower au credited to Harrower <,n monthly installments of Funds. II the amount of the funds <br />hdd by Lender shelf not be sufficient to pay taxes, ,rssecsments. insurance pl+rvmiums sort ground rears as they tall due. <br />Bortntrer steal( pay to Lauder any amount necessan r„ +naAe up the denctencv within 1Cr days tram the date notice is mailed <br />bV Letxler to Borrower rrgttcsung payment thcreot <br />Upon payment m full of all sums secured hr mi< ytnrtga(tr, i ender shall promntly refund to Harrower any F11nds <br />held by Lender. if natter paragraph !l+ hereat rhr t'n,prm „ ,old s+r the Prnprrtt „ utherwne acquired by lender, (.ender <br />shall apply, no later than tmrrtediately nrlor !o she ,ale ,.t the Pruprr} ..r :~s eeywsmon by isndcr.:mc Funds held by <br />Lender a[ the uttx of application as a credo against the .ants :reared M ~hrs 3fnrtgaec. <br />3. Ap~Neatiat nt Payseab, Unless apphcahis• yaw Ira.~aies .-aherwt,r. .,:i pas~mcnts rccened by i ender under the <br />Note and paragraphs 1 aad ?. hercOf shall he applied he i ruder tint :n ru}mem .~t amounts papahie to Lender M' Borrower <br />trader paragraph '_ hrtcof, then to roterest payable ,+n stet ,.,m nc~r, :., the prmcrpul . , the time- :rnd ;hen to mtercst and <br />pnncipal on any Future Advances. <br />4. ChuRea; Liees. Harrowerhail pay oil seat>. .„rs>ments ,aui ~aher -_hareec tines ,md mtposurans :etnbutabte in <br />the Property which rosy attain a priority „vet this ttart2age..,nd ieasehoisi payments ,,r ground rents. if an}..n the manner <br />prowded under paragraph _' hereof or..f oat ,std :n ~uctt :~):rnner- i') Burmwcr tasking pa}meat, alien due, directly to the <br />pays thent:nf. Borrower shall arampt(y turnsh to I,cnaier sit rosters at .mtouuts due under this paragraph. and in the event <br />Harrower Shall [Hake payment dtrecti5. Hyrromcr (tail ;,r+~mpti: ;:.Ent,h s, t c-seder rr.ciptx aardencrnk >u4h pa1'mrnts. <br />Borrower sha8 promptly diss;hargc any iron ~.ahtch teas pn:+r;v -._~~-rr 'his ~4ortgagr. ; n,vuical. ;hat Harrower >hall nut he <br />required to dtscttarge any Berth lien w !Ong, a. Hurr„wer .(a;sil ~grrr in ,.er:ine t„ the payment s+1 the „blrgattun ,ecured by <br />such lien sty a manna' acccptablc to Lender. rr .heel ur p_r.ai ta:dr aentr,t -i,rtt Lc„ hv.:,r defend entorccmrru w ,uch hen m. <br />legal proeeahngs w#uCh uperatc to prevent rho cnrex:cn,rnt of :hr_ i:rru .~r turtarlurr .,t the Proprrtr :~i :ms~ part thereof_ <br />S. Hasatd Ipawance. Harrawcr ,hart l.eep stet rmpr.aarutrnts ru=w rar>rmg nr net salter rrrrted nn the Pmprrty :nuucd <br />against loss by fete, hazards mcludccl sanhut cite ;erne eatendr,l .,~t er age .and ,;,rir „titer hazards as Lcudrr mat rcyuue <br />:uK! to such :unounis and for such txnwis ~+ I Ender tits) rcquuc, ;u,•a tded, that I cedar .hall not r'eywrc [(tat }hc' ;+an,svat s,. <br />such crmragr exured Lhal amoum at tioscrage reyuucd t.' ,,as !Ftc ,ant s~incd t s +hr, tifurtgagr <br />The insuratce carrier providing the urYUrnnc,e +c:rir t,r ~h<„e:n hs (tsrrowcr ,rrb(rct t-. apprc,ral t,v i enter. pru~sded. <br />that such approval dial! oat tae tsurfiaaa,n,itziv wrthiiietct. •\!i p+emuin -„ ulaur.u:<r pa,Iti,es '--teal! " - aaad '-.- the ntanacr <br />provided Lender paragraph ~ hereof tar.:[ nu[ pard m ,u<h manner, by Horrowcr makrng payment. when dur, :i,rea:tly t,t the <br />insurance carrier, <br />All insuram:e txtir~tP,z. ant rtYrcw-alp rkereo+. shal(~ .a tame sa:,cptairk` ;:+ F ~nakr .,€r.! + a i .n;suda •-atstiard aaungage <br />clttt;se ra ,''ax.ir .,t ;and is fcrrttt ~;<epraide :., ? rn:.te• .. rial~t ..ail t a +ns =,>;f t _, ts.=1d err- p .itrir<~ .,;td to ucsaats l6serro(. <br />seed Borrower Shalt promptly turnrsh to 1_ender ate ,...al nuttar> :+u 1 - ripts .:1 (+ard prrnuusu. !rr the cstirtt of icss. <br />Burrs>w.cr sltals git;e z'trompi rtwice ter ;(tt ,uaurar:c:c .u., r.: a:tal i ruder. 1 cnJc~ , at ,a.r r _. _~ ., .;:>t a.,,.... pea+nrp=.is- <br />ltv Borrc-awes. <br />UaleRS I..ender seed Borrower oths:rw,,,; agrvv m wrnm}t, „nnrxu.c pra,crrds shall t'r applsed to re.toratis,n .,r repair of <br />the Properly datrtaged, provided srt~h re+roraunn ur repair .s ec<~nOtmcaily leasable ,grid the ,zaursty of etas Rtortgage :, <br />rbt ttrtcreby itnpatrtxi, [# 5tkh reatoratsun ur repast .a not a~auua,rntaaiVy trns,i,i,:.,r ;t the ses:uru) „t rhea 'Sturt}}age wOUld <br />he trppaired, the in6UAUSCe prsx:a~d5 ,hall tie ~tpiahed ta, the sums +eiured h} thr5 AturiHe~. Barth the excess, rt an}, paid <br />tit Batravear, l# ttb: Propen} es abaradartzd hs li:wruwci-.a ~i i3nnower tart. i,+ rns{'h,ud to t ender wnhm 3ti days from the <br />date ttOUCe is ntarlesl b}° lender to Horruwet that !hc ,rowanec .arncr aien !„ ,cute .« .farm hx ntsutanar hcnefits, Lender <br />is atttlwrizatt W collect attar apply lkte msuraa~r },rua:a~tds at 1 ender, „pus,n tuhet to restorauun „t repair .,t the Pro{,ertr <br />nr to elite sums Securest lay tgis Marigagc- <br />UA-,CSS Ixnder :rnd Bctrrawer otherwlsi agru :n .ac«ung, any +uth application ,y pranct:ds to lv,ncriral .halt m,t rx[rnd <br />ter p~tpam the dos: date of LiK maathty tnatatimun+ rttcrred r, ns t+atagralth. ! .rnd herad .v ,hanltc the .uuauut of <br />such msttdlntenli. It under paragraph d hereui the 1'n,pett} :, .wyuueai 'r=x Ltndrt..+II r:}{ht, title and urtctcsl ,+t Horr„w~: <br />in and to au) ansurauce paAciea and m :utd to the txa,smds iheteol resuiang truth si.nuagc to the t'ns{>Lny pour ts, rhr ,.dr <br />tit aeslwsitit+n shall pass tit lcrtder ts, the: e.xreat .'i t?tc >unaa ,rsutcst t,} thi> >4ur}gate .otuatedtatet} prsau ;, ,uch ,al..+t <br />argttisitrtm. <br />4, 1~taYoa sa/ lfitristretaaece of Prupfrt}. I.e+nettulds; t'anJantiniUttaw Phanttd t7wlt t?etelopstenis. Harrower <br />shalt ~P the Pro}terty in gait repair and :hwti rtctt ~ommil assert a;r pcrmrt mtpatrntcnt ar detcnarauau tit the Pru{terry <br />aad shal- eautplY with tlt~ pransians set :ury least: st this ~loitgage :> .+n a Icaseitatld. It rhea '.4fortKagr !. ,+a a non trt .: <br />cowaetmutium Or a planned Ltttu daveiapn~at. Horn,wrr ,hart ;><rtarrn ail of Hamwcr_s c~i,gahdns ter tar atzttarattat:; <br />sir ~ti>tJarit~~ creaAttg €tr gs~vernrng t3se Ct:adorn:tnt:rti c : 3`Eanned :'asi .lt*ei>,pilsrut. the. by-laws and rrseuiatlans a,f the <br />candomimuni or ~anuta unit d~rclopment. aad daui4tuutm d~ument+ It ;, ..,uuanumum err piaancd aunt ~tevrlarpntent <br />rtdar ii ct~uLad by Btttroxvu aril recntsled loge}her xatit rhr. itatrtgage, Bete au'fcaauts .sad agreanicuta trt ankh rtclca <br />shall bR tntarpprated ittW anti shall antead anal suppiertteat the cfl.eaaatn artd agreements of rhrs h~or[gage a< rt the rtatsr <br />wets a part her~f. <br />?, !'h~ciNet ~ 1,Et1~ra;r 9ecr[it~, It Harrawcr tai75 10 Fx-tt=arm the aos~aant~5 anal agreemc tits aant.u tied ul thss <br />Sdtarrgagc, ate if say action ter pra;xestittg ,s .ommarts;ed wlitch ntatcttttliy atfesis l ettdet s ~enerrst m the: Fan,pert}. <br />tt!€IFJg. Ixti rust lirnt[ed ta. snrttrteri4 domain. msalvcn+rq, cLSSie eaFOrr,-cttttnt. of arzaugerrtcata :w prsHtredsngs +na art rvn)< s <br />bagitfuP4 to da.~adatsz 4h6U Leader rid l.attdat's tapt;tast. ttpa,tL t:arimc 7a Hrsrruw>er, rna} niakc such apiararana r+. ,hpfaarst >stah <br />+u~ aad taste Brach action as zrt tnu:rssary eta prcatetr l.a~rt:ier's <nrurest. :na:lndtn}{, teat n=at t+muxtii tc,, e±:sb;ttsurn+rut : t <br />Kraut al#otucy's ttSaf and entry upon the lempen>< to ntakc =c:p»us. if (~nds:x rryaurrsi rra,rtgage )nsutarec :ss -+ <br />Chi ref retailing rhr. tpafl ysxrtE"eft by tires Mrarlga}l~, Hoersawer ytrali pa)y ttse premiums r4grarrd :,, marnaen sneer <br />± ~ t tai sUS-~t ig3fe- as rtes reuutra#tutnt Itss =us1i sn,urattce terartsnares =a_ .ccsudaucc '•a rth Bot ra+wct's auai <br />