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<br />Utvtrarttns Cotrs_xatvrs. Borrower sad Lrnder covenant and agrte as follows:
<br />?. ) Pty aesd ! Borrower sfralt prmstptty pay when dtm the prittcipai of and interest ou the
<br />evidenced by the Note, pr~gymeret and cart chaegts as provided in the Nate, and the principal of and intrrtst
<br />on any Ftartre Advaneq s by this Mtatgzge.
<br />2. >Readti fsr T~ ~ Subject to applicable law or to a writtrn waiver by Lender, Borrower shall pay
<br />W Isnde- on the dsy ttzo»thlq imWlments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a stmt ~ °Ftradr'7 (goal to ot~twelfth of the yearly taxes arrd asseasrrtertts which trray attain priority over this
<br />Mottgsge; and gratrnd rents on the Praperey, if any, phts one-twelfth of yearly premium installtmnts for hazard inaurattcr,
<br />onetYwelfth of yext~ prartftua ittstaitrttents for mortgage insuratrcc. if any, all as reasonably estimated initially and from
<br />Eirrte to time by Leader on the basis of ass manta and bills and reasonable estimates thereof.
<br />The Fitttds shall be held in an institution the depaits or accounts of which are insured or guaranteed by a Federal or
<br />stale ag~tcry (fnctttding Lerakr if Letter is such an irrstitu[iont. !.ender shalt apply the Funds to pay said taxes, assesstrrrnts,
<br />ittsuranee ptemiwm and grrnutd rents. (.ender ma} not charge for sa hoMing and applying the Funds, analyzing said account,
<br />or verifyfag and t:trmpilirsg said assessments and bills, unless Lradcr pays Borrower interest an the Funds attd applicable law
<br />permits Leader to make ouch a charge. Sorrower and Lender may agra in writing at the time of execution of this
<br />Martgttge that ioteresi on the Fends shalt be paid to Borrower, and unless such agrtemerst is made or applicable law
<br />rtsquires such intermit to be paid, Leader shall not be required to pay Borrower any interest or comings on the Funds. Lender
<br />alteU give to Borrower, without charge, an annual accounting of the Fund; showing credits arrd debits to the Funds attd the
<br />ptstpose for whleh eath debit to the Funds was made. The Funds are pledgtd as additional secntity for the sums secured
<br />b3' thrs Moet~e.
<br />If the amount of the Futtds held by Lender, together with the futon monthly installments of Funds payable prior to
<br />the due data of taxes, assessments, irnurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />aansatptts, ittsuratire premiums and ground Tents as they fail due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower an monthly installments of Fundz. If the amount of the Futtds
<br />held by Letuier shall not be sut6cimt to pay taxes, asusunents, insurance premiums and ground rents as they fall due,
<br />Borrtnvea shall pay to Leader any arrrount necessary to make up the defidency within 30 days from the date notice is mailed
<br />by Leader W Borrower regtteating payment therrnf.
<br />Upon payttunt in full of ail sums scoured by this Mortgage. tender shall promptly refund to Borrower any Fonda
<br />beM by Lender. If utter paragraph }g hereof the Property is surd or the Property is otherwise acquired by Lender, Linder
<br />shall apply, rm later than immediately prior to the Salo of the Property or its acquisition by fender, any Funds held by
<br />LettEtr at the lilac of a~Iication as a credit against the stuns secured by this Mortgage.
<br />3. AppYtatiffa et PaysanMr. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall rte applied by t_endrr first in payment of amounts payable to Lender by Borrower
<br />unbar paragraph 2 hetrwf, then to interest payable an the Nae. thin to the principal of the Note, and then io interest and
<br />ptineipsi oa anp Fuhtte Advatues.
<br />4. Bass. Borrower shall pay sit taxes, assessments and other charges, fines and impositions attributable to
<br />the Properly which troy stray( a priority over this Mortgage, and leasehold payments or ground rents, if any, in the matener
<br />provided ttttder paragraph 7 hereof ar, if not paid in such manner, by Borrower making pay(((ee(. when due, dimtly to the
<br />payee thtu+sof. Borrower shall pr~ptiy fttrnnh to Lcreder ail nouoes of amounts ~fue under this paragraph, and in the event
<br />Borrower shall mate payttrrnt directly, Borrower shall promptly furnish to ?xnder receipts evidencing such payments.
<br />Borrosvar alto!( promptly discharge any Cirri which has prronty over this Mortgage; provided, that Borrower shall not be
<br />tuquired W discJtarge any such lien sa tong as Borrtwer shall agree in wrung to the payment of the obligation secured by
<br />such lip( in a maarter atxtptabk to Lettrkt, or she!! in good faith contest such lien by, or defend enfatt-ement of such lien in,
<br />legal procetdiogs which opera(( to pttvcnt the enfarcetnent of the !ten ar forfeiture of the Propery or any pan thereat.
<br />S. Hsmsri hstasasee. Borrower shall keep the improvements now rsisttng ar htreafter erected on the Property insured
<br />againK lass by flee, hazards included within the term "cxtentied coverage", and such other hazards ac Lcndrr may require
<br />mad in such atrxtunta and for such periods as Lender may reyutre: provtdtd. that Lenrkr shall not rryuirc that the amount of
<br />sled( coverage eatetd [(tat amount of covtrage rcgeurcd to pay the sums secured by thes Mortgage.
<br />i7aa insura~a carrier providing r1x iusuraraG~ a:eati isr cfn~sea by ilorrawer subteet io approval fry !.ender; provided,
<br />that such approval shall nos be unreasonably withheld. Ali prrntitetns an insuranct policxa shall be paid in the manner
<br />provided under paragraph 2 hereof or, d not peed is such .~.»~~, by Burraweu making payttxzat, whet( due, dirtcUy to the
<br />imurasee catrim.
<br />~~ l~":~r~~£ ~i r~~~i to ~=a.~f -x`5~~i: %= i- °~: ri 3:~t~pi~i~~ :o i.crr'.Ze: 3za «.C3: i :Gift ~.L•°., 3 5 .'.3i3:d iTX3r-tg~p~.
<br />clause in Tower of and in farm acceptable to Lender. Leader shalt have the rittht to haW the ttalisies and retttwala tltereaf.
<br />aaa i~ rhail prwtiptly furttis8 w Leader (tit rriaewai rratacs and ail trrc-opts of paid prttnitrms. In the event of loss.
<br />rtow#r sh~i give proanpt tr~r~e to rite u>suratt4a s:acrtct and ftndrr. f¢natr may rnakt praei of ia~ i[ nor made peempUy
<br />by Bttrrttwv.
<br />Usdmrs Lender attd Borsawer otherwrsc agree in wriuttg, insuratt~ce proeetds shat) be applied to restoration ar rcpatr o[
<br />the Property daRtyged, provitkd ouch t~trwsriea ar repair is eco~nically feasible acrd tht saurity of this Mortgage is
<br />not thttteby impairM. If such ratotation or repair is eat tcunomically feasible ar it the security of thin Mortgage would
<br />ba iatPaired, the ittttttrattat prormeds shall be applitd W the stuns secured by thin Mortgage, with the excess, if any, paid
<br />W 8arrower_ it lbe Property is abaadonmd by Borrower, or if Borrower tails to resp~wrd to Lender within 30 days from the
<br />dat0 ttotiee is mailed by Leader io Bexrower that elrt irsswatx:t carritr ufiers to soak a claim for insurance herreftta, (,ender
<br />is aufhoriaatl to celiac( sad apply the itutrtrar~c proceeds at Lendrr's apban either to rtuaration or repair of the Froperty
<br />ar to the suaas necttred by the Mortgrga.
<br />U I,rttdd tsttd Btxrotxcr othatwix ague to writing, any sez::h application at prxxcrda to prsze;ipat shall nix extend
<br />or postpone the duo dat# of rho monthly itratallmenls referred W in paragraphs I and 2 hereof or changt the anwunt of
<br />N/Ch ittsraUmaub. if ttntlot patagrttp6 Ig huatf tits Property is acyuucJ by I..ender, all nght, title and intermt of Harrower
<br />sir and to arty iasuratxe pa~liciea and in artd ro the proceeds thereof cesultiog Tram damage W the Properly prior to the sale
<br />m at:rtltsisitiOa shah pass txt Lender to the extent of the sores secured by this Mortgage immediately prror to stx;h sate oe
<br />>~.
<br />~ Ptulaas'rat{MS trod i-+lrisoo at Ursrpastyi i Cwt Plassad Unit 4avdoptaeab. Borrower
<br />akaU keen tiro Promnv iu ttaodrepar artd shtdl rxH cot~tit wash of Qcrmit1n_esirrt~t €sr d#trr:ftrata~ of t~ Pr+rty
<br />attd shall Damply with the proviaittna of say !coos tf this M~tgagc is alt a leasehold. (f this Mortgage is on a uni! io a
<br />yr a plmtaied unit davcluprncni, Borrower shall perform ail of Bartowet`s abligatrans under the dretarattan
<br />oe covaal~etta crearittg or govertriag the cortdomtntttm or ptanrted unit development, the by-laws amt rcgulatistits of the
<br />sinittan or planned Writ dovtlopment, and eanstituent dtxurrttnts. It a condominium or planned umt dcvclopment
<br />ride( ix ex#cnled bF Bttrrowet and recorded together with this Mangaga lire covenants oral agteetncros of se~h nder
<br />rt~util be ink iptu and shtdl arga@d attd supplemerN, lire cavtntttts artd agreetreents of this Marrgagc aK tf lire rider
<br />wore a part ~.
<br />7, 41~ ad I,taslss'a ~. tf Battawer fads to perform the covenants and agretrttents contained in tMs
<br />!~, or if sax action nr propptxilotli ix catttnt¢rtced which materially affects Lerrder'a interest in the Property,
<br />but m~ liistitt~ to, ctuittont dttr<;tain, inscdvrns:y, ovde enforccmenl, ar arrangements or proceedings involving a
<br />btli4itt'ttpt ryt tiaatidtltttf, the [.wtulor al fear3ot''s option, upon (vatic( to Barrowar, Wray make sruh appearances, dishursc such
<br />tats-told Tale#-tul~ a¢t~a as is imotsaar} to protcca l.,¢ndFr's mtrrcar, iruiuding, but trot iimitoJ tor, dLsbursrtrt¢rtt of
<br />„rar~.Ri,sR +s~_td__~'s f;~ ~ ~t_, =rR=~ the Pr:;:;ty tv tna!<o srpai~. if frr~t rgrr.'rs.' ~-~agr insurance as a
<br />~.~, the ~: tom.:„ ur ..rt~s~ -rratver shall! stay ttre attutns regturrd to matntarn xuch
<br />maur.m t xmtjl sar:h as tires r~4rb'tr fi.r ar.,h inue_r,„p~ .trm-_rat#s rn ,.~"a~'tarta.:^ ,. ;h B.' _ti."'er., a nit
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