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<br />Utatt~olsat CavexRrrrs. Borrower and Lender aovenanrt and agree as follows:
<br />f, F=3~ oq ~, HorrYow~r shall prorrtptiy pay when dry the principal of and interest ;gin the
<br />evidenced bg the Note, prepayment and late charges as prtrsided in the Note, and the principal of and in+:,:= ~`
<br />oat asy Future Advances secured by this Mortgage.
<br />~, !-~ fsr Ta~fs mi Iaesaa~ee: Subject to applicable Isw oe to a written waiver by Lender, Borrower shall pay
<br />&> Lr on elx clay sstortthly iassfalEmertts of principal and interest are payable under the Note, until the Noze is paid in fuH,
<br />a "Prutds") equal ro one-twelfth of the yeasty taws and assessments which may attain priority aver this
<br />Mtxt; and ground rnrtts os the Property. if any, plus arse-tssrelfth of yearly premium installments for hazard insurance,
<br />oao-tvrelfth ~ yeasty pretaium installments for mortgage itnurarrce, if any, sit as reasonably estimated initially and from
<br />lima m drne by Lender od die basis of assessrirents and bids and reasonable estimates thereof-
<br />'ITie Fronds shall be 6eldrn an institution the deposits or accounts of which are insured ar guaranueed by a Federal or
<br />staff agency !imclt~ng Lander if Lender is such an institution)- Leruler shall apply the Fund! to pay said taxes, assessments,
<br />imnrtmee ptraniuma atuf grou»d rents. Lender may not charge for so hokding and applying the Funds, analyzing said account,
<br />or varifyimg ate compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />partaita Lander to make such a charge. Borrower and Lender may agree in writing at tSc time of execution of this
<br />MmYgays that interest on the Eustis shall be paid zo Borrower, and unless such agreement is made or applicable law
<br />reap~r+ta stteft interest to be paid, Lender shall not be required to pay Borrower any intertat or earnings on the Funds. Lender
<br />shag give to Borrower, without charge, an annual accwtnting of the Funds showing credits aril debits to the Fur+ds and the
<br />put'pasa for which tacit debit to the Funds was made. 't'he Funds are pledged as additional security fat the sums secured
<br />by this Mortga~.
<br />If the autaunt of the btiufds field by Lender, together with the furore monthly installments of Funds payable prior to
<br />the duce data of taxa, asseasmreats, imurance premiums and ground rents, shall excel the amount required to pay said taxes,
<br />ttrsaeastaertts, imwraaca premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Harrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />htdd by L~der shall not be sttfScient to pay taxes, astsesstnents, insurance premiums and ground rents as they fall due,
<br />Ilorrasver shall pay to Linder any amount neceasaty to make up the detlciency within 30 days from the date notice is mailed
<br />by Leader to Borrower regttating payment ther~f.
<br />[Ipmt payment in €uf! o€ all aunts secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />heM by L~ettder. If utstfer paragraph ig hereof the Property is sold or the Property is otherwise acyuired by L.endet, Lender
<br />shall apply, rto later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />[order at the tirue of application as a credit against the sums secured by this Mortgage.
<br />3, Apsikstlea a! Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note amf paragraphs 1 sad : lsereM shall be applied by Lender first in payment of amaursts payable !o Lender by Borrowee
<br />uauler paragraph 2 hereof, than to interest payable on the Note, then to zhe principal of the Note, and then to interest and
<br />paiaci~l on say Futtttt AdvaacGa-
<br />6. C!a[tjasl Iiaaa. Borrower shall psy all taxes. assessments and other charges, fines and impositions attributable to
<br />the FropmRy which they attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the mmner
<br />provided uttdir parag~eaph 2 hereof or, if not paid in such manner, by Harrower making payment, when tilts, ditsxUy to the
<br />payee tftareof. Horrovaer shall promptly furnish to t.erMer a0 nouces of amounts titre under this paragraph, and in the event
<br />f#arrosver shalt make psyntent directly, Borrpwer shall promptly famish to Lender receipts evidencing such payments.
<br />lilorrowar st~il poly disclutr~ any lice which has prsority Over this Mongage: provided, that Borrower shall not be
<br />required to discharge any such lion so long as Borrower shat! agree in writing to the payment of the obligation secured by
<br />stseh Bean in a mcattmt atxxpta~e to Lmr:er, or shall in goad faith contest such lien by, or defend enforcement of such lien in,
<br />~ proceedings which operate to prevent the enfomment of the lien ar forfeiture of the Property or any part thereof.
<br />g, ft't~rd ice. )lorrowzr sha0 keep the improvetrnnta now existing ar hereafter erected on the Property ,inured
<br />againatloss by firs, hazards included within the term "extended coverage", and such other hazards as 1_ender may reyuirc
<br />sad in sttctt amounts and for ssx:h periods as Lettdee may require; provided. that Lender shall net require that the amount of
<br />such coverage exeted that atrwunt of coverage required to pay the sums secured by this Mortgage.
<br />1'he imuvas~e cerriar providing the insuramX shalt fie chosen by Borrower subject to approval by Lender, provided,
<br />that stub approval shad! net be anreasonwibly withheld, AIY premiums sxr insurarce palieiee shaft ~ paid in the manner
<br />1~ u''r pa+~ta~i, { t~€'~f ar. if rest paid in :~F~e r;[antte~, by Hcrrowar s°.sking ~ytt~rt, w.s~n dsra, uir;vtly tc lira
<br />iauraeee castles.
<br />AH iRSwaacx policita and renewals thereof shall bi sn farm acceptable to I_an+ler and shat! include a standard mortgage
<br />eiattsa in favor of trnd in form ~~ to lsstxitr. L.ctsdar sits!! base the right tss bald ttsc policies and rens:wafs there4u,
<br />e~ w,,.~ ~ ~! ~. ~, ei==S~hh to t.=e~~r a!1 r~wa! is~~~~ §s~i all +~a:asa at ~+d nr~is~u. In the event of lass,
<br />. ~-:.~
<br />lawar shall give prompt notizz to Litz in6itrariCG cassias and Landis. Linder may make proof of lass if net made pramptiy
<br />b'1` Imo.
<br />vr~ 1= arse i~.3R~ ~s~ agrs~ im ~~rtir+g, i~ut:ac.v p+~~s steal= ~ app=i zo -ato:~.i~~s yr :_p:ir t+~
<br />the Panpacty damaged, providmd such restoration ar rzpair is economically feasible and the security of this Mortgage is
<br />trot thiaeby unpaired. If such rouwation or rzpair is net ecomomicaitp fiasiWe ae if the security o€ this Mortgage would
<br />fits igypairad, the insunaca proceeds ahaU fit applied to tltz sums secured by this Mangagt, with the excess, if any, paid
<br />m earrowar. If the Properly is abandattad by Barrrower, or if Borrower fails to respcsnd to Lender within 30 days from the
<br />ditto antics is tmailgd by !.ender to Borrower that else insurance carrier offus to settle a claim for ittsuranCe benntits, Lander
<br />is atMhoriszad 1q Collect and apply the insura~e proceata at Lender's option either to restoration ar repair of the Property
<br />or W the wins secured fsy this fllottHtge.
<br />Uttws Landes sad Hocrawer otherwise agra in writing, any such application of proceeds to principal shall net zxtzrtd
<br />of pcsupotte the due darn at ttte monthly installments raferrzd to in paragraphs f and 2 hereof or change the amount of
<br />auk ittas~..tratz44s. If utttfa par_agra~?h ! $ hereof the Property is acyuirai by Lender. alt right, title and interest of llorrawer
<br />fn and to say insurance pallets and in sad to tits proceeds therswf resulting from damage to the Property prior to the sale
<br />of acquisition shall pass to Lender to tun extent of tut sums secured by this Mortgage itrunaiiately prier to sash sale or
<br />6, 1Fg9Et~atfigil. aanf ~ of Wit}': I..iasaholdal C~ Plstanad t7ait Usrelapweats. Borrower
<br />t~a[l~ the 1?tttparty is good repair ate shall tit cotnnsit waste ar permit impairrrsertt or deterioration of the Property
<br />said ctutsply with the pa'twisioaa of say lease if this Mortgage is on a leaselwtd. If this Mortgage is on a unit in a
<br />or a pianaad unit dovelopment, Barmwtr shall perform all of Harrower i obfigatiomc ut~cr the der:laration
<br />ar cavgrtitata creating or gavertfittg tits coitdtiminium or planned unit davalopntent, tttz by-taws and regulations r+f ihz
<br />_~ snit daunt, and constituent do;,u.;ycats, !f a cattda.~tittisrm ar plssn:r<d u:sit rt:vel+;pntent
<br />tulm is. tutad by Hprtxrwat and recorded together wrth this Mortgage, the covenants and agreements of such rider
<br />ht ut~atad iota ate shah auwad and attpplemeru the eavinanzs aqd agceemenu of this Mortgage sac if test ridce
<br />ware.A p+Ini .
<br />7. aR Lsaiax's Secttl If Bortawer fails to perform the covenants and agretments canGtintd is this
<br />Mtn r!i' iY troy carrion or ~g ;_t win-ntenced which mstitially affects 1<ets+ier's inzt.t'eat in. the Pr.spirzy,
<br />l~bul twt tialitad to, alxtiaent domain, inaafvancy, cods entorc~emen4 or arrangements ar proeeaiings involving a
<br />l~ eir tlaat+ fifes i.amlter # I.enckYs option. upon ntatis;e to Barrxswer, may make such appeacaza~es, disburse such
<br />ram aiad fake aCiiou as is ztacatisaty to protect Lender's intertat, it~tuding, buz net limited to, disbueacment of
<br />r+lpgtlrtt~lo ttttefrpay`s tees asd entry uptm the Property to make repairs. If Leader required mvrtgagc instsranc~ as a
<br />c~1't'fia+A at ~ tai loan aarurad by this h!larigags, Horrawer stzaif pay the pramiUrt>s required to tuaintain such
<br />i~.r lp +®n'i ~+cfi t~ ~ tl>e r+m~+Er,aesen_t for such i~ur~ terminates is aecatdarsct with Bsutvwer'a aisd
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