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<br />~~-P- S~~l~~~t~
<br />UttrEetrtw wxw'rs. Bcatrower and Lender covenant and agra as fol6owa:
<br />1, ) taf tai tt®td ltkwsF. Borrower shale promptly pay when. drat the principal at and interest on tyre
<br />in8mbtedraas evidaaeed by the Note, prepayment and late charges as provided in the Nate, and t'rte principal of and interest
<br />on say Frattre Rdvatttxa ses:[tted by this Mortgage.
<br />3. Fasts far Tasae etatt tlata~ee. Subject to appliaabk law or to a writinn waiver by Lehr, Borrmver shalt pay
<br />to Crider on rite day rtttatihty irtstal-tttemta of principal and interest are payabk under the Note, until the Note is paid in full,
<br />a sum itterein "Fonda") equal to crtta-twelfth of tttc yearly tazts and assessments which may attain priority over this
<br />Mortgage, sail ground testa cut the Property, if any. plus one-twelfth o! yearly premium inatalltnents for hazard insurance.
<br />plus ottatwetffh of yearly gretrtittm inaalitrssttta for mortgage insurance. +f any, all as reasonably estimated initially and from
<br />tirrte to time by Lrt»d'er oa the tmsis of s=~•^+•nts and bills and reasonable estimates thersot.
<br />The Fttttds shall be held in an ittaNtutfon the deposits or accounts of which are insured or guaranteed by a Fedual or
<br />smote agency tineltdfng Lender if Lender is such an institution ). Lender shall apply the Fonda to pay said taxes, asussments,
<br />irwttattse pranittms aril iRourd rents. Lender may not charge for so holding and applying the Funds, analyzing said account,
<br />or vettityiag ord compiling acid aaaesarttents and bibs, unleu Lender pays Borrower interest on the Funds and appliwbk law
<br />permits Lender to make ouch a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Mortgage that interest on the Fonds shat) tae paid to Borrower, and unless sash agreement is made or applicable law
<br />requires stsctr interest to be paid, Lender shall hat lee required to pay Borrower any interact or earrtinga on the Funds. i.ender
<br />shall give to Borrower, withou[ charge, an annual accounting of the Funds showing credits and debits to the t;unds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums ssuted
<br />by this Mortgage.
<br />if the amount of the Funds held 6y Lender, togethee with the future monthly installments of Funds payable prior to
<br />the dtae data of tare, ataaaments, imurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />wtteztamatta, inaurateea premiums and ground rents as they fall due, such excess shall be, at Borrowtr's option, either
<br />pt+aatptly repaid to BorTOwar or credited to Borrower on monthly installments of Funds. if the atttount of the Funds
<br />held by Leader shill trot be sttlyiciect to gay taxs, asaeacrnents, insurance premiums and ground rents as they fall duo,
<br />Ba'rotirer shall pay to Lender any amount rsa-essary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lander to Borrower rcqualirg payment thereof.
<br />Upon payment m full of all aorta secured by this Mortgage, Lender shall promptly refund to Borrower any Funds
<br />ttsid by Lender. If under paragraph F8 hereof the Property +s mold or the Property is otherwise acgwrcd by Lender, Lender
<br />ahaB apply, no later than imtaediamly prior to the sate of the Property or na acquisition by Lender, any Funds held by
<br />Leader at the tithe of appticatioa as a credit against the sums secured by this Mortgage.
<br />3, ~~ at wnae~tr, Unless apolicabe law orovtda otherwise, a!I payments received by Lender under the
<br />Note and paragraphs 1 a~ 2 hereof shall be applied by Lender first m paymen[ o! amovnta payabk to Lendee by Borrower
<br />under paragraph 2 hereof, rhea to interest payable vn the Note, then to the principal of the Note, end than to interest and
<br />prittcipa! oa any Future Advattcd.
<br />4. Cleargaat Lifgw Borrower shall pay sit taxes, assessmenu and other charges. fines and impositions attributable to
<br />dte Property whit:h rosy attaut a priority over thts Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided trader paragraph 2 hereof or. ii rani paid in such manner. 6y Borrower making payment, when dtx, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due urt~r this puagraph, and in the event
<br />Borrower shat! make payment directly. Borrower shalt promptly furnssh to Lender receipts evidencing such paytnenu.
<br />Borrower shalt promptly d»cbuge .ray lien which has priority over this Mortgage: provides, that Borrower shalt rim be
<br />required to discharge any such lien so long as Borrower shat! agree in writing to the payment of the obligation atcured by
<br />such lion in a monster arxeptabk to Lender, or shall in goad fauh contest such lien by, ar defend enforcement of such lies in,
<br />legal ptoceedinga which operate to prevent ttte enforcemen[ of the I+cn or forfeiture of the Property yr any part thereof.
<br />S. Al~ari luetaaece, Harrower shall keep the +mprovements now existing or hereafter erected on rho Property tnaured
<br />aga+notlo~ by Src, har~rM included wtthm the term "extended coverage". and such ether hazards u Linder may reyuirc
<br />a~ in such atttounu arsd for ouch puiods as Lender may requtrc: provided, that Lender shall not rcqufrc that the amoum of
<br />welt coverage exceed that asrtotsnt of coverage requred to pay the sums secured try this Mortgage.
<br />'Ibe ttaurotssx carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided,
<br />that cult appmvd ahaB hat 6e unteaaottabty wethheld, All prcmsum+ vn insuranct pvlicia shall ~ paid to the msuttxr
<br />;~r;.~T~,. = !•~s-~s± ~.:i TM+t ;>~ed to su=~?t [r±~ttar. by l~rrowar tnal~tng paymaot, wtwrt due, dtrsctty to the
<br />-~wB in.,,r.ar£ pghciss ~ retDewti_la tiurGVl stroll he ;._ :orm a4ceptablc fir i.cnds^r ants' shall +nclu~ a s[a:s ::.mod mz :gam
<br />^[.,~.,~--' : fa::r ~' _~ in f~- ~ =w ,., t e.~., t~.~t~.r 4t,al{ have tl~ ri!,ht to hold tht policies and rerrawafs thereof,
<br />sad Basrowar shall p+romtttty turaab to fxmler alt renewal notices and all receipu of paid premiums. in the event at loss.
<br />Htrrro~wtae ahaH give protnpi ttotioa to the rssurattce carrier and tender. Lander may make proof of loss it not made promptly
<br />by Borrower.
<br />Utdges Ladar std Bottamet otherwise agree m writing, insurance praeeeda shall be applied to rouontbn or repair of
<br />t-st Property datauigosf, provided such rswnuon or repair is ecvnamically feaubk and the security of this Mortgage is
<br />hat thteeby isapairad. If arch ressaration or repair a hat ecu[wmicalty feaubk ar if the security of this Mortgage would
<br />be itttpaiead, tba itNUraace proceeds shell be applied to the sums secured by this Mortgage. with the exstsa, if any, paid
<br />to Borrower. If the Property is abandoned by Boerawer, nr +t Borrower tails to respond to Leudtr within 30 days from the
<br />date notice is mailed by Leader to Borrower that the inwrance carrier oflets to settle a claim for istsuratttx hettetits, Lender
<br />is asphoriaed to collect attd apply the inastrarxc proceeds rt Lender's option either to raatorstion or repair of the Property
<br />ar to the states secured by thin blonpyte.
<br />Uit~aa i.ettder sod Borrower otherwise agree in wrung, env such application of prcxats3s to principal strait hat cxte:d
<br />or postpone the due dace o[ tht monthly installments referred tv in paragraphs I and 2 hereat ur change the amount of
<br />ouch inatdlrttaa4. ft utter patts$taph Ig hereof the Property is acywred by Lender, all right, title and inters[ of Borrower
<br />in ~ ro any iasttrane+o policies and in atxt to [rte proctads thereat reaulung from damage to rho Property prior W the sak
<br />m emotion shall pus w lender to the ex[ent at the sums secured by this Maetgage immadiatety prior to such ask ar
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<br />f. htr~rvatMs tttetl MdsiNaoaeea of Pra~osty; Laaeeitoldq ChtMwot !tassel UtttM DeraMa~tsaHa, Borrower
<br />i :-~ PFi,y ~ ~ :t..: =~:r mo=t m'. -,~,n R~:3_t w;aa ~ p;zratt ' .=f__rt!~ttt ar ~t>:ticat 2f the Prarpcrty
<br />sold shell try with the 'isiaans at any ii this Mart$a~ +s ar a :eaaahold. !t this Memgage is art a unit in s
<br />ooetdttsaioiuat ar a plaenad unit ctfeveJc~tY>Cttt, Borrower shall perform all of 8otrowei s obiigaUOns under the declaration
<br />cov[aaaatk craatius m govertaittg the condarriinitun or planned unit develaptttent, the by-lava std rcgulatictns at the
<br />or pimtaad Utah dent, and cooatiusent doctunen[s. it . candatttiaium or platttted unit develop111ent
<br />tide is exetrtttel by Btsrrowsr sad recorded together with this Mortgage, the coveaanu sail agrssetaent. vt such rider
<br />he i iarkt coast atatand and wppkment the covetunts and agresuattta of this Mortgage as it the rider
<br />wan a Put heteot.
<br />7. 1!'atitlalPtlta et 1.eairs4 littsxerl4r, if Borrower lolls to ptxtarm the covananta and ttgreeeaents coagitted in thin
<br />yam, m it say aet~a ar prararadiagt a catruoenred which matartsttly aRaets Lsader'a inuareat in the Property.
<br />agog, bus [sot liatitad to, eminent domain, insolvency, code enforcement, or arrarigetaenta yr prsx~eodings involving a
<br />},• ar ~, rhos ldar al L~der'a option, upon tstuice tv Borrower, may tttake ouch appearatatxa, disburse such
<br />astaee seal assah acthta as is mecsiaery u+ protect Lataziei a mtsreat, incltrdiag, cwt rata timiEad ta, dfsbutaetnant at
<br />rMtl~diflR afWtfstt'jt's feet anti caB7 upon fix Property to make repairs, it Lcrwrr requiRci riroiaga~e i~ttrr i ms, a
<br />tAttld~e+a of ~ the loifl aacutod by this Msuigoge, aarrowcr than pay [tar p:etnittttn requirsxl tv rxalnwin ouch
<br />s4.~ ® t ;~ a :~ t~'~~~s fs 3~`t. i~r~ £ .~...,.,,~~ an ' ~~nF with etc+wa,
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