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<br />LlTlmottM CAVt:t'twtv'[s. Borrower arid Lender co=.ens.^.'. and agree as fallnws:
<br />1. psyaept of aced ltaterest- Bersower shat) prnmptt}~ pay 'x-hen due the principal of and interest or, liar
<br />indebtedrtess evidenced by the Note, prepayment and late charges as pravided in the tihtr. and the principal of and inter°•'
<br />on soy Future Advances secured by this Mortgage.
<br />_, )lam {~ '('gyp arrd Ieeatnece. Subject to applicable law or to a written waiver by Lender. Borrower shall pav
<br />V.s Leader on the day ttto»thly irstallments of principal and interest are payable under the Note, anti: the Nate is paid in full.
<br />a rum (herein "Funda'~ aqua! to one-twelfth of the yearly rases and assessments which may attain priority aver this
<br />Mortgage, and ground rents on the Properry, if any. ptus one-twetfth of }'early premium installments far hazard insurance.
<br />plus one•twetfth of yearly premium installments for mortgage insurance. iE any. all as reasrnably estimated initially and from
<br />time to time }~ Lender an the basis of assessments and bills and reasenabfe estimates thereof.
<br />77te Furtds-shall be held in an institutor the deposits or accounts of which,are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />ittsttrance premiums acrd ground rents. Lender may rat charge for sa holding and applying the Funds, analyzing said account.
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lt=ttder to make such a charge. Borrawer and Lender may agree in writing at the time of execution of this
<br />Marigage that interest an the Fends shall he paid to Barrower, and unless such agreement is made or applicable law
<br />require such interest to rte paid, Lender shaft not be required to pay Borrawer any interest or earnings on the t=tends. tender
<br />shaft give to Borrower, withaut charge, an anmtal accounting of the Funds showing credits and debits to the Funds and the
<br />purpose fbr which each debit to the Funds was made. The F=inds arc pledged as additional security for the sums secured
<br />try this Mortgage.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable pricer to
<br />the due dates of taxes, assessments, insurance premiums and gerund rents. shalt exceed the amount required to pay said taxes.
<br />assesst-tents, insurance premiums and ground rents es they tall due, such excess shall be, at Harrower's option, either
<br />pt'omptly repaid to Barrower or credited m Borrower on monshty installments of Funds. IE the amount of the Funds
<br />held by Lender shalt not be sttfi5cient to pay taxes. assessments, insurance premiums and ground rents as [hey fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the drfinency within 34 days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereat.
<br />Upon payment in full of all sums secured b}' this Mangage. !.ender shall promptly refund to Borrower any Funds
<br />held 6y L.ender. If under paragraph 18 hereof the Property is sold ar the Property is otherwise acgtured by Lender, Lender
<br />shaft apply, no later than immediately prior to the sale rat the Property or its acquisition by Lender, any Funds held by
<br />lender at the tithe of application as a cmdit against the sums secured by this Ainrtgage.
<br />3. Ap}yerMbo of FsYtweata. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and garagraphs l and ~ hereof shalt be applied 6y Lender first in payment of amounts payable to Lender by Borrower
<br />under garagnph 2 hereof, then to interest payable an the Note, then to the principal of the Note, and then eo interest and
<br />pri>Kipal on any Future Advances.
<br />4. tCttargest tJeaa. Borrower shall pay cell taxes. assessments and ether charges. fines and impositions attributable to
<br />[be Propmrty which tray attain a priority aver this Mortgage, and leasehold payments ar ground rents, if any, in the manner
<br />provided larder paragraph 2 hereof or. it not paid in such manner. by Barrower making payment, when due, directly to the
<br />payee thettof. Borrower shall promptly furnish to Lender all notices of amaunts due .order this paragraph, and in the event
<br />Borrower shall make paymerl directly. 8rxrowzr shall pramptiy furnish to Lender receipts evidencing such payments.
<br />Borrower shalt promptly discharge any lien which has pnnrity over this Mortgage: provided, that Burrower shall not be
<br />requited to discharge any such lien sa long as Borrower sha8 agree in writiteg to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, ar shall in gewd faith contest such lien hy, or .iefend rnfuee:ement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the hen or Rirferturc at the Property or any part thereof.
<br />S. >Ehtaari hwraaee. Borrower shall keep the tmpmvemrnts now existing or hereafter erectett on the Property insured
<br />against leers by fire, hazards included within the term "extended coverage". and such tither hazards as Linder may require
<br />aced in such amounts and for such periods as Lender may roywre: provided, that Lender shall not rayture that the amount of
<br />such coverage exceed that amount of coverage reyuued to pa} the +tints secured by this Mortgage.
<br />The insuratxe carrier providing the insurancx shall br chosen by Berrewcr subject tc uppraval by Lender: pravided,
<br />that such approval shaft no[ be unreasanabty withheld. Ali premiums au [nsnrar.4s; p=?tierce shat! k+c paid to the manner
<br />provided under paragraph 2 beret?t ar. i( not paid in such manner, by' Barrower makrag payment, when dire, duectty to the
<br />iH?;Itr~ti[E cart'ter.
<br />All insuran>e policies and rea+'wats thereof shat! f+r ui ; n: ac4eptabte to tcn.lcr and Shalt in%ludc a standard mortgage
<br />- the r: h t:' !gild the p=jttsies aitd rencwat+ therti?f, -
<br />Cfause in favor of and in form acceptaula 4i t-cttdtr :. d_ :- •=4~ g
<br />r ty fur::~h rn lr~de-c all renewal tsottces and all trccipts of paid pramiunt. In the event at loss,
<br />attd ~a~r =ha=i pr~._
<br />Borrawer shall give prompt notice to the inwrant:e earner anti' bender. t antler aray make prc~c i .*f low rf nut neat ~ pri'ntptiy
<br />by Borrower.
<br />Unkse Lander and Borrower othersvtsc agree in wrung. insurance pnx:ecds shall be applied to restoration or repair of
<br />the Property damagr:d, provided such reswrauou ar repair is rcunamically feasible and the security of the Martgagc is
<br />cwt thereby impaired. If stash restorauan or repair is nut ecanam+catly irasiblr or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shall be applied w the runts se~ureJ by this Martgagc, with the exct: s, if any. paid
<br />to Borrower. If the Property rs ahaadotted by Narrower, or it Borrower fail to respond to Lender within 3Ci days from the
<br />date twtirx is mailed by [,ender to Barrower that the insurance tinier offers u? settle a claim for imurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Leader option caber to mstorauan ur repair of the Property
<br />ar to the scans ses:uri~ by this Martgagc.
<br />Unless i,ender and Borrawer atheMisc agree in writing, any such application of prw:ceds to pnnc,tpaf shall rat exeenal
<br />or postpone the due data of the monthly instailtaents referred to in paragraphs 1 and 2 hereof ur chanfsr the anwunt at
<br />such installments. If under paragraph tb hereoC rho Property i9 acgwred by Lender. alt right, title and interest of Borrawer
<br />iu atttl to any insurance policies and in arx! to the prixeeds thort:+?f resuhing from damage to the Pro}xrt} pour to the ,ale
<br />or aegtaisition shalt pass to i-ender to the ettcnt c,f ttte: sums secured by this Mortgage mtntedrattly poor t4, such sate of
<br />acq[usition.
<br />gt, l+i+ltlMxvtltlats eni Mtsitttenauce of Property, t.easeholds: ('uadoariairrars; Fanned Unit neYeapmeats. Borrawer
<br />aitaU koep the Froperiy in garxl repair and shalt rat comma waste or permit impairment or deteriora[ian of the Property
<br />att~ ihall c'v[ttp',`~ with eta. pravistans xf arty !~ if this Mcrtuag+t is on a IrasehaW. If this Mortgage is on a unit in a
<br />caitdominium or a planned unit ticvelopttrent, Borrawer -shall perform cell at Borrower's obhgauons under the, dcclaratroa
<br />or cavetaanis creating or governing the eandammium ar planned aril deveiaputens, the try-laws and rerulatit us of the
<br />cpXtinitBn tit plattpe~ unit deyelopmcnt, and constituent dttcuntznts, !t a condominium or planned unit desrlopntent
<br />rider {s exacuttxl by ltarrowtr and recorded together with this Mortgage, the covenants and agreements of such rider _ -
<br />shall bo incorporated into and shall amend and supplement the covenants and agreements of this Martgagc as if the rider
<br />wett+ a pt-rt ltereef;
<br />7• ~ d lett~a ~• If Borrawer faits to perform tt+e covenants and agreements contained in this
<br />At or if spy action ar proceeding is cammcneed which materially aflrcts Leader's inures[ in the Pro}?rrq',
<br />inc~, but nM limited to. eminent danrain, insolvency, code enfarcrment, at arrangetttents or pr.w:ecdings involving a
<br />ptltpt ar drxxdEn4 then Lander at Lendet's agtian, upon nafice to Barrower, may make such appearances, thsbursr Stich
<br />sugRi arced take such action as is necossary to protect Lender's interest. including, but not limited ta, disburseatant of
<br />rtrat~wble attaraey's fees attd entry upon the Property to make repairs, !f I.endnr require) mortgage Ltsuran4:e as a
<br />ct>lioit a[ rnalfiag the loan secured by this Is#isttgagv'. Barrower shall pay the premiums required to mahuain such
<br />ia~tt#nCe ~ attest until atteh tithe as the requirrinent for su,:h iar;uraacr t.tmi..atrs ire accerdanc.~ with Barran?wei s ant
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