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Uwtrotra Covsaratvts, Borrower and Leader covenanr and agree as foilaws: ~ ~' _ ~~ ~, a ~ ~ ~} f~
<br />!. ta~sesf o/ t!rlstiNt set! 3talatsat. Borrowct shat] prtsmptiy pay when ;lue the principal of and interest on the
<br />evidenced by the Note, prepty7rtenk and fate charges as provided in the Notr, and the principal of acrd interest
<br />oa any Ftrltxe Advances secura! by this Mortgage.
<br />E. ftseds tksr 1'taea si faiwewez. Subject to applicable law or to a written waiver by Lender, Borrower shag pay
<br />m I ceder oa tht day mortkhty irtstaHmcvtts of principal and interest are payable under khc Notre, until the Note is paid in full,
<br />t stmt fheteln "Pleads") equN to orke-kwelfth of the yearly taxes and assessments which may attain priority ever this
<br />Mortgage: and grotmd rents on the Property, if any, Pius exec-twelfth of yearly prcmittm installments for hazard insurance,
<br />pins txro-tareslfth of yearly premtitun ittsta#insents for mortgage irtaurancc, if any, all as r°asnnably estimated initially and fmm
<br />dine to kime by tender rsn the basis of assessments and bills and reasonable estimates hereof.
<br />The Funds shad be held in an insrikrttion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />tttake agency fincltMing Linder if Lender is such an ir~tittttion). i_ettder shall apply the Funds to pay said taxes, assessments,
<br />insurance ptemietms and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />ot` verifying and compiling said assessmatts and bills, unless Lender pays Borrower interest on the Funds end applicable law
<br />ptxrrtim Lender to errata such a. charge. Borrower and Ixrtder may agree in writing at the time of execution of this
<br />Mortgage that imercst on the Funds shall be paid to Borrower, and unless such agreement is made or applicable taw
<br />rtquires such interest to bt paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Ixnder
<br />shat! give to Borrower, otitttaut charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose foe which each debit to the Funds was made. The Fonda are plafged as additional seweity for the sums secured
<br />by this Mortgage.
<br />If the amaant of the Funds held. by Lender, together with [he future monthly installments of Funds payable prior to
<br />the due dates of taxes, asseameats, irourance premiums and ground rents, shall exceed the amount required so pay said taxes,
<br />aaaestmettts, insurance premiums and ground rents as they fall due, such excess shat) be, at Borrowers option, either
<br />pro®ptly rapa~ to 8ottower or cscdital to Borrower on monthly installments of Funds. [f the amount of the Funds
<br />hetid by Leader shall not 6e strlTicieat to pay taxes. assessments, insurance premiums and ground rents as they Fall due,
<br />Borrower shall pay to Leader any amount necessary to make tip the dcficiencp within .~D days from the date notice is mailed
<br />lay Linder to Borrower raprestinB payment thereof.
<br />Upon paytaent in foil of all sums secured by this Mortgage. (.ender shall promptly refund to Borrower any Funds
<br />hsdd by Lemdsr. If under paragraph Ig hereof the Property is sold or the Propttty is otherwise acquired by Lender, Lender
<br />shall appty. no later than immediately poor to the sate oY the Properly or its acyuiai0on by Ixnder, any Funds held by
<br />Linder at the fiesta of applicatiott as a credit against the soots secured by this Mortgage.
<br />3. A~*Yeatlrt ed Pstyaeams. Unless applicable law provides othcrwiu, all payments received by Lender under the
<br />Note and paragraphs l and ?hereof sbail tie applied by i_ender t'ttst in payment of amounts payable to Lcndcr by Borrower
<br />irtteler paragraph 2 hereof, then to interest payable on the Nute, than to the principal of the Note. and then to interest and
<br />principal tin any Futtrrc Advaneen.
<br />d. ~ [Jew. Bottawer shall pay a{t taxes, assessments and other charges. fines and impositions attributable to
<br />the Property whleh may attain a priority over this Mortgage. and leasehold payments or ground rents, if any, in the manner
<br />ptovidtaf ttntkr paragraph 2 hereof nr. of not paid in such manner. by Borrower makenq payment, when due, Jittxtly to the
<br />payers thettxaf, Borrower shall prorapUy furnish to Lender aft nuuces of amounts due under this paragraph, attd in the event
<br />Borrower shall make payment directly. Borrower shalt promptly furnish to l,endcr receipts evidcucing such payments.
<br />Borrower shall promptly discharge any lien which has prionty over ibis Mortgage; provided. €hat Borrower shall not tx
<br />rtegtured w discharges any s[rcls lien so tong as 73orrawat shall agree us wrmng to the payrrtent of the obligation secured by
<br />such !lest in a maettrer aaxptabk to Lortdcr, +x shalt in gaud f arch ounces[ such ben hy, or defend enturcerrxnt of such lien in,
<br />legal practedittgs which uperaie to pteven[ ttrc enfe>reettarnt of the Iron +x turfe+ture of the Prepcrty or any pari thereof.
<br />S. Byrd !tt[wraeee. Borrower shalt l+eep the improverrtents now esisnng or hereafter erected on the Property insured
<br />against toss by fire, hazards in:.iudtd within the term 'cs[ert+ied <i}veragc' , and su+h other hazards as fender may reyusrc
<br />and In such attwunts and fur wch peri:xis as Lender may ieyuur, pr+ssided, that Lender shall not require [hat the amount of
<br />such leverage exceed that arrsount of coverage rrcyu:rca# to pay the sums seanred by th[s Mortgage.
<br />Iles insurance carrier Rroviding the ittauranse shnil f±z ~hn by Borrower suble,.t t+~ approval by Lender; provided,
<br />ilea[ such approval shed! oat be unreairmably wtihhtkl. All prenuurim+ +x ittauraia:r pula:ies ,hall eta paid in the manrtr,r
<br />provided under paragraph 2 hereof or, if rat pard in such rrwrti>.:r, by Borrower malcmg payment, when due, dirc+:tly w the
<br />insurrkuee carrier.
<br />AB inprra~e policies and resnewalf ttttteut shad in: in lotto ati:e¢tatrk to l.en~tcr aad shall include a stan.iard mor[gage
<br />elauaz in favor of atsd in forth ac:t~ptablt to Lertdtr. € ender sh51`s ha+c t€se r[ght to €t+~id the policies and renewals thereof,
<br />an€f Horrcts~r sltail prcretptly furnsh t€t Lam: all r:txwad tx;~€r~r~ aa+l ,il r~,~ipis of }mid prensiunts. In the evs:nt o[ low,
<br />$orwwt~ ill prsutapr uetic€ to flee ittStttanr:~ tarrter a Lender. lax utay kt~ prs~t of teas-it [w[ rta[le pruniptly
<br />by Htxrosroex.
<br />Uatasa LtadGr sad Burrower otherwise agrex in venting, insurance pra:e~ds shat! be applied to restoration ur repair of
<br />the Property damagesd, provided su[;h resioratiun or rcparr is rcu[toms+:aRy tcasiblc and the security of this Mortgage is
<br />not thereby btturaircd, if such restoration or repau is cwt ccuuumically fcasrbte ur 3t the xcurity of this Mortgage would
<br />ho intpairetd, this insurance proceeds shalt be applied w the sums sakurcd b} this Mortgage, with the excess, if any. paid
<br />tp Bixrower. if lhC Property is abandoned by Burrower, or it Borrower fails to respond to Cinder within 3U days tnxn the
<br />date ttotiee is mailexf by Lendar to Harrower that the insurstuc earner otters to xule a claim fur insurance benefits, Lender
<br />is authoriaat to collect acrd apply the insurart:e proiocds at tinder's option e[ihtr to restoration or repair ale the Properly
<br />or ~ thes sums secured by thec Mortgage.
<br />l.lttleas Ltwier attd Burrower ottterwiswc agtct in wrttittg, any suih appiicatiori of prvicetds w prtn[;ipal shall nut ex:eod
<br />or postpone the dot dart of the monthly installments referred to in paragraphs t and ~ hereof ur +hange the anwunt tit
<br />swab inattJltnents. If utrdesr paragraph IN herewt the Property is a:yuued by Lender, ail nght, tide and interest tit Borrower
<br />in and to any tnaurane policies[ seat is and to the pruccesls thetc~rt restdttng feu:n datuagc to the Prupcray piiur to the s.:le
<br />or acquisition shall pass to Lettdcr w the cxsent of the sutras x-curesl by th:s kluttgage irnrr.tdsately prwr ,w such safe or
<br />acquisition.
<br />i. R'raaervatda~ tsM !Naletaatsace of Psoptrtyt L.esathtdds; Cwbamlwisems; Plsusned Unit fleselupmenns, Borrower
<br />shall keesp etas Property in good repair and shalt cwt commit waste ur ptrtnit irttpa+rtmnt or dateriutatiun of the Propcny
<br />aa#,1 shall Ctrtti}?i}° +sirii the prov`iiiimi of a[jy ipaae if [bees Mar[galj~e r. zm a itaarchuid. €f €€[is Muetgagt is <.n a uni€ in s
<br />chum ur a ptattntsl uni[ devvloptntnt, Hcirruwer slt~il perfasrm al€ ++l 13ur;owe["; abligatiuris under the drklataunn
<br />or rbranants creating ur governing the condcxninium or planned unu devetopttunt, the by-laws and regulations of the
<br />c~rtium or plartaed unit [level~pmtnt, and cunstitueut documents. I(a cundominittm ur planned unit desek+pmcrt[
<br />rides ~ eusescuter! by Borrower and rcz~ordrd together wuh this Mortgage, the cuxenants and agreements tit suet[ ndcr
<br />shall lies inrocpwamd into and shat) amead and suppienent the antnants and agrtentenis of this Mortgage as if the ride
<br />w~rQ a part hatttst.
<br />7. !i['iartlae ~ Laeiles's 5kctta~y. if Burrower fails tzs perform the covenants and agrce.menta contameCl in this
<br />~, of it wry action or proceeding is corttmen~cd wtuch materially afIetts tinder's -interest In the Proper(},
<br />i~{Ud}nB, bier not timited ta, entincni tlotttain, insulvencp, ci+clC entorcernent, nr arrangetmnts or ptvccedings imaivtng a
<br />bittsttrupi tar dttrcdent, then [.etttfer at l.eetf{ler's u}Nino, t[pcm :tolice to Borrower, n:ay make su.h appeara[nea, d+sbursc such
<br />skmu atld tales etch ast>Gm as i; ttace3aary tit prmeci l.endtr's rot€rest. ituiud[ng, fiat ncN limited to, disburscirteut o.
<br />rotutCStaTdo attpruay's fags and celery upon the Property to make repairs. if f.erider required [nortgage iusurancc as ai
<br />reatsdltlmt of itt[dtiug tJa~ boat'( st>curnd by this Mortgage. Fis•rrc veer shat pup [tie premit[rtts rey[tiscd to ittatnWin sn~h
<br />insssraace bt cdect ttt[ti~ ('urh tttnt as the r~ulrent for :urh insurance trrm[naces an accordance with Bwwew*wcr's a[td
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