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<br />Utvttrottat CovEVSVrs. Br±rrawer and tender covenant and agree as foiie,w,
<br />I. )mat of Pt~eiprt ~ !attrest, &+truwer shall promftl}- fiav Shen rice the rincipai ui gird interest nn the
<br />indebtedness evidenced by the !vote. prepayment and late charge, a, pro,rded ;n the `:nn'. ,+nd the principal t,f a;rd interest
<br />art any Ftrturc Advances secured by the, tiort!_age.
<br />1. Fetadtr far Taxes trod 1(risaranca. Safsltet to applicable taw err in a written waiver by I ender, Srtrrowcr shall pay
<br />to Lender oR the day monthly installments of principal and interest are payable under the Note, until the \ute ,s paid in full.
<br />a sum (herein "Funds"j equal to one-twelfth of the yearly taxes and assessments which may attain priority over thin
<br />Mortgage, and ground rents on the Properly, if any, plus one-twelfth of yearly premium installments for hazard !nuRancc.
<br />plus one-twelffh of yearly premium installments for mortgaee insurance. if any, all as reasonahh' caimated initially' and from
<br />time to time by Len~r on the basis of assessments and hilt, and reaxtnabie estimates thereof.
<br />The Funds shah be held in an institution chi depttsiK or accounts eti which arc insured or guarameed by a Federal or
<br />start agency (including Lender if Lender is such an mstitutioni. i.endr,hali apple the Funds to pay ,ai<i tare.. assessments.
<br />ittsuranet premiums and ground rents. lender may not charge for cu holding and appKing the Funds. analcztng Bard account.
<br />of verifying and compiling said assessments artd hills. unless Lender pay> Horrower mtenst nn the Funds and applicable law
<br />ptrmits [.ender to make such a. charge Borrower and 1_endir mat agrci .n venting at ihr t:mr of evramon of this
<br />Mortgage that interest on the Funds shall Pte paid to Borrower. ;end unless Such aereemcm is made or applicable law
<br />requites such interest to be paid, lender shall not h+r required tr; pay fiorrowzr am interest or earnings nn the Fond.. Lender
<br />shall give to Borrower. without charge.:an amnia) acaounoug of the Fond, .bowing credits and debits m ihi f=und, and the
<br />purpose foi which tack debit to the Funds was made fhe Funds are plrttiged :u adduional seiuritc for the soots secured
<br />by this Mortgage.
<br />If the arttount of the Funds held by Linder. to?archer with the funRC monthly :mtaliments of Fund, payable prior to
<br />the due dates of lazes, assessments, insurance primnrms .,nd erotmd rink, ,hall eviceed the amount riyuired w pay ,aid taxis.
<br />aasettsitxnts, insurance premiums :end ground rents a, they rail due, vrch evice,s ,hall tee, at Borrower's opuon, rithtr
<br />promptly repaid to Borrower or credncd to Borntwrr on mor.thiv :nst:diments ai Funds. I! the: amount of chi Funds
<br />held by Lender shall not be sufficient to pay raaev. aswssmcnts, ui,urance premium. and ground rents as chi}' fall due.
<br />Borrowtt shall pay to lender env amount nexr„ar. t., :Hake up ihi Jrfiricnrv within 30 day, from chi date notice is mailed
<br />by Lender to Borrower rtyuesung paymem thereof
<br />Upon payment m full of ail sums secured by th:, Mortgage. 1 ender ,hall promptly refund to Borrower any Funds
<br />held by bender. (f under paragraph I ti hereof ihr 1'n?pcrn :, ,,,Id ==r the Prr,pcrn :, otherwi,c acywred by Linder, Lender
<br />shall apply. nu later than !mmediatch poor t,~ the +ale a,! the Pmneric „r us .,aywsrtwn by Lender, any Funds hild by
<br />Lender at the uttte of application as a credit :rgamst the surer, ,enured hs th!, Mortgage.
<br />3. Ap~catba of Pay®eata. Unhss apphcahle !au Pmv.ics ,nhinani. all pavmints riccivcd by Lender under the
<br />Note and paragraphs i and 2 hcrent ,hail he app+rcd he !ender tint ,n payment „t amounts payahle to Lender by Borrower
<br />under paragraph 2 hereof, then to :nte'rc'st payahle rm the vote. !hen to chi pnitctpal ,rt the Notr. and then t„ interest and
<br />pnncapai on any Future Advances.
<br />A. ChaeRea; i3tt~. Borrower ahail pay all t.rae,..,,,r,vnents and other charge,, tine, and unpovuon, attnbutahie to
<br />the Propetty which may attain a priority c*ver the, Mungage. and leaxehuid paymims or ground terns. it any, in the manner
<br />provided under paragraph 2 hereof ot, if not paid :n ,unit manure. by Aorrowcr making pacmcnt, when due. directly to thi
<br />payee thereof. $orrnwtr shall promptly furnsh to Lender ail onuses ui amounts due under this paragraph. and in the event
<br />Bnrmwer shall make payment durcilr. Horrowcr ,hail pn,mpt!y !urni,h to Lenrirr n•ieipts r,ideniing such paymems
<br />Borrower shall promptly dtst;hargc any hen ~..tttcit h:ta Pnoruv +i,s.r !h„ Mortgage: provided. than Berntwer ,hall nut hi
<br />requetd to drsc:harge airy such lien w long .u Burr,+ac+ ,httH .rgrae ut ant;ng t„ the peytnent :u the abligauun ,icured by
<br />stxh lien in a manntJ acieptabk to tinder, ur ,ha!; !n g:.;,d t.uth gouts,! ,uch lien k,q, „r drlcnd cntorcrntint n! ,uch lien ut,
<br />legal prcn.ecdrngs which operate nt prevent rhi~ entnracminr ut the Liu r=r inrte,ture .,t the i'mpirty .u ,uty pan dtiriol.
<br />S. Hazard baronet. Borrower ,haft 6eip the unpn,sentent, nuN rv,tmg rr hmeattc•r i!ea!eJ on the ('ropc•rty ms!:red
<br />aetunst loss by fire, hazards maluded wnhrn the term caeudrd a„vrragr '. ,end ,ugh of hie hazard, a, I cndir nu,y reyuue
<br />and in wilt amount; anal tut' suet', proud, s, i coder ens, :ryuuc•. pins ufa•d. !ha! I snake ,hail not rcymrc that the nntount of
<br />SiJCII iatVCJagC txcced tha! amrtultt ref ,r,rrragr rcµtnCeri 1=, {':.a the ,:in, .. .:r.i<t ha t.'n, ~iut!gagi.
<br />~ITte titsurartce Carnet ptoidir,g ilte iR+tirtu4e ,fiat) t,e rh=+.eu ~,. Barn ..ar ,. ,cal ,, appto~ai by 1',tder: t)ruEtded,
<br />that such approval shall Rut he :ntreawnahiy wuhhNd iii iucnnunt, =ass tn,ut:rnac pcd:are, .hall hr. pa;rl ::, chi nt:mner
<br />provtded under paragraph _' harlot ur, :t nut paid m ,uch manna, M Burruuer makutg payment. when due. =6recily to the
<br />insttra~e ,-artist.
<br />A4l irtsueanCe fwltciea atiai ter}ewat= there:-; -.._ !~ :., ., ,.,...~ ,. :... ~,.; 5 ~ .,~:J •,!t,tEi •.t. ia:elr .• ,!.rn:l:t nl nt=,r!_ae~+:
<br />clause m favor of and m form ac.eplahle to Lt•n,ic: i invkr ,h.iii fiar,i tftc• rt:ght !,• hs,W the poieac, .end renewah then•ni.
<br />asd Barrow~r shall p€arttptly furnish to F,tnuer ai renewal not.ae, nnxi ail receipic of paid preianums In t;te Tent ,~: it=,..
<br />Bat!-oar shah giv°z pro ritpt ttotica. [u tits tnsur:trcc .grease and tzudcr, i.znucr ma_v make Pic=.ti rt cars, r} trot tnad~ pr.,rttpii'.
<br />by Borrower.
<br />Utrltss Lender and Borrower nthetxr,e agrei :n wrung, unuranvi pn»:reJ, shwa ha applied to restoration ur ripau of
<br />the Property damaged, provrdid ,ugh re,turawtn of ripatr ~s raunumtcslly tia,ihla .ind the si.unty of th„ Murtgagi i,
<br />not Ehettby impaired. If such rtvtoratiuit or repau +s nut raunnmtealty Irasibii ur it the ,i4uruy of thn Aiongagi would
<br />be impaired, the insurance prak~ds .hail rsr. applied to the ,urns sraurid by thn Mortkugr, with the ivci,s, if ant, pa,d
<br />to Borrower. If the Property is abandoned hti Hortuwrr, ,.n :I Borrower ta:h t= rispiutd trs 1 ender withut 3U days tn,ut chi
<br />date twtice a madcd by Lender to Burrower that the :nsuranci carrier otter, err ,ante ., :hum fui unurancc benefits, Linalir
<br />is autlwnixd to collect acrd apply rho insuranar proc:teds at I-ender, option either to restoration ur repair tst chi Property
<br />or to the sums secured try this Mortgage.
<br />lJelt~ Ltttt(tr apd Borrower othcrwvtiL agtir m watmg_ ant such .,pyucanon of pnscceds to pnnupal shall nut evend
<br />tar postpone the due dale of the monthly rmtallntrnt, rclirrcd tit ut paragrap}u ! and 2 hereof or .hangs the amount ut
<br />such installRitnts. I[ under paragraph IK hertul the Ptoperq n aaywrc•d by l.andii, ,ell nght, utle and interest o1 Burrower
<br />IR and to grip itisuraitce poitcies and itt attar t:. the prot+<-ed5 them)t resuitmg from dsntayc to the Property poor io the :.ac
<br />or aCr{uisition shalt pass to Ltndcr to the tyrant ut tttc wins scaurid by th:a \turtgage :maiediatily pour p, ,uch ,:dr or
<br />ar:gxtisi(ion.
<br />6. Ytntgrerxados gad Mtdgttuapit of Pngtrrny; l.tasthuld+; (ondartinlutmr~; Planned Unit lhseNipmeuts. Bornsucr
<br />shall ksap the Property in goad repair and shall nut aummit waste nr permit :mpatrmint ate deterioration of the Property
<br />and shall comply with the provisions of any Rase if ctrl, Mortgage !, =m a Cc•aniFtuW. It tin, Murtgagi „ ou ,t unit in ,r
<br />r:ancfotisinium nr a pfantted titre dcvtlapmcnt, Borrower :haC; pirform ail r t Borruxcr's a:hhgatrrns under t.".;: cieclaratum
<br />or coxetutnis ireatiRg of gavctnteg the aondommutm nr planned t:utt disitopmau. chi by-laws and n•gtrlauun, of ihi
<br />~ndorrtinium nr plantiett utut dtvtlspment, and rerist64ieut di£umenv,. [f a unduminium or plauncd anit dc.r°lupment
<br />rtdkn is taetcuttd by Harrower and recorded togtthtr u,th this Mortgage, the auvinanis artd agrcrnteot, of ,u,:h r,der
<br />s3tall lx iRCUrpar!uxd into acrd shat! amend and supplenu;nt the iu.rnant+ and agrciutents ui this Murtytabc a, it the ndcr
<br />watt a hart hetraof.
<br />7. Ros~tElaat d 1.e!aitt'a Seertitty. if Harrower fa,ty to jssrittrm [he covenants and agreements contnntid iu this
<br />IWVrtlla(le, or if guy actitaR au prix`ttdttt(t rs cummerx`eat which enatcrtally atTrrts Lender"a interest in chi Prulxrty,
<br />irtcludirt~, but met fitnattd era, tmintnt dumatn, ursol)enay, arxle cot..+rainttnt, nr arraniicntents i~r pr+icidings :nv,tfa,ng a
<br />t~ktwpt tx tftcedant, then l.endtt ai I.tRdet's cspt+rxr, upon notice ,,, Borrower, may make .such apPearancc,, d,shune such
<br />saint and take such action as is necessa» ta, protect Lender> atteret.t. utiludmp_ t+u1 not )routed tu. d+aburvimant at
<br />rtt;~ntrahla attrmxty's forts acid rntr} upim the Property to make repa,ra. it lender rcuuircd nturt>rage ;n,uranck a, „
<br />~,gnd~ti±xn ni nw~itu~ the (eatit# secure:4 fey ibis !s#artga~ve, Bruresxtr Fheii pa, ttit p.cm:utn r€qu.red to ntauttsrn catch
<br />at4rirratttt` ill tfhre't rinttl su:.tt tttt~ as the rcyuittttitnt Ira *tic it ia,arr once r+:; tzunate> to a::.ordart.',- c.;th B?rrrwcr', anti
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