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<br />Ut+troaas f`rttv!<trarrrs. Borrower attd l.icttdtr covenam stud agrec as foi;o+ws:
<br />1. )FayspK of Ihlaefpai s~i f~eeyet. Borrower shall promptly pay wirer. due ttte principal of artd interest on t,hs
<br />i>adebtednep evide»ced bq the Nate, prepaymrnt and late c}targa as provided in tame Narce. and the principal of stud interest
<br />0o r,ny Puntrc Advances secttrad by this Mortgage.
<br />2. I?awis f~ Tasws ttsi Le~set. Suhjeci to appllealtle iaw or to a written waiver by Lentkr, Borra~,- shzli pay
<br />to Lender on the day monthly ittstallmr;nts of principal and interest aze payable under the Note, umil the Note is paid in fell,
<br />a sum therein "Funds"? equal to one-twelfth of rite yearly taxes and assessmrnu which may attain priority oust this
<br />Mortgage, and ground rcnb on else Property, if any, plus onrtwelfth of yearly premium installments for haaard insurance,
<br />plats onrtwsifth of yearly premium installmrnta for mortgage insurance, if any, nit a<_ reasonably estimated initially and from
<br />time to rites by fender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in art institution the deposits or accounts o.' which are insured or guaranteed by a Fedeni ar
<br />state agency fi[uluding Lender if Lender is such an institution}. Leader shad apply the Fonda to pay said taxes, asaeprr[ettta,
<br />iruaraace premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing acid account.
<br />or verifying a~ ~mpiling said assessments and bills, unless Lender pays )grower interest on the Funds noel applicable iaw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of ratecution of this
<br />Mortgage drat interat on the Farads shall be paid to Borrower, and unless such agreemrnt is made or applicable iaw
<br />requires such interat to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Futtds. Lender
<br />shall give to Borrower, without chugs, an annual accounting of the Funds showing credits ono debits to the Fonda and the
<br />purpose for which eat6 debit to dre Funds was made. The Funds are pledged as additional security for the sums secured
<br />by [Ilia Mortgage.
<br />If the amount of ells Fonda held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, aasepmenb, insurance premiums and ground rents, shall exceed the amount required to pay said 4axa,
<br />aeeeeemrnts, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, eithv
<br />promptly repaid to Borrawror or sreditsd to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lander shag not be sut6cieat to pry taxes, aerasmenb, insurance premiums and ground rents p they fall date,
<br />Borrower shall pay to Leader any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />bP Lender to Borrower regttating payment thereof.
<br />Upon payment in full of all stuns secured by this Mortgage. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under puagrap6 l8 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later thah immediately prior to the sate of the Property or its acquisition by Lender, any Funds held by
<br />Lander at the time of application as a credit against the sums secured by this Mortgage.
<br />3. Appilsatle~ d Tgsenb. Unless applicable law provides otherwise, all payments rexeived by Lender under the
<br />Note a~ paragraphs I sod 2 hereof shall be applied by Lender first in payment of amounb payable to Lender by Barcower
<br />under paragraph 2 hereof, then to interest payable on the No[e, then to the principal of the Note, noel then to interest and
<br />principal on any Futtue Advances.
<br />4. Chasjaa; Lleae. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Mortgage, and leasehold payments or ground rents, if any, in the manner
<br />provided under puagraph 2 hereof or, if not paid in such manner, by Borrower making payment, wltrn due, directly to the
<br />payx thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, noel in tlx event
<br />Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptty discharge any lien which has priority over this Mortgage; provided, that Borrower shall not be
<br />required to dischuge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien is a manner atxep[able to Lender, or shall in good faith contest such lien by, or defend enforcement of such lean in,
<br />lags! proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Aaeard lerarawce. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fare, ha~rds included within the term "extended coverage", and such other hazazds as Lendec may require
<br />and in such amounu and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Mortgage.
<br />Tlse inuurance carriec providing the insurance shall be chosen by Borrower subject to approval by Lrnder, provided
<br />Slat such approval shsU not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided tumor paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, whrn due, directly to the
<br />inuurance artier.
<br />AB ittwrance policies and renewals there: = s~,ali be in form acceptable to Lender and shall ineiude a standard mortgage
<br />clause in favor of and in form acceptable [o f~,uder. Lender shall hays the right to !told the policies and renewals thereof,
<br />asxl Borrower shall promptly fu.~isb to Lender ail renewal notices and ail receipts of paid premiums. Sn the event of lass.
<br />]ibrrower ahaii give prompt notice to the insurance curler and Lender. Lender may males proof of ion if net roads promptly
<br />by Borrower.
<br />Unbr Lender sad Borrower otherwise agree in writing, insurance proceeds shall be applied to ratoration or repair of
<br />the Property damaged, provided such etstontion or repair is economically feasible and the security of this Mortgage is
<br />rot thereby impaired. If such restoration ar repair is not economically feasible or if the security of this Mortgage would
<br />be impaired, the insurance proceeds shag bs applied to the sums secured by this Mortgage, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender widtin 30 days from tlx
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance betufits, Lender
<br />is aWhorizad to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the arms srnttred by this Mortgage.
<br />Unless Lender sad Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or poetpane the due data of the monthly installments referred to in paragraphs i and 2 hereof or change the amount of
<br />such inwBmeab. if under paragraph l8 hereof the Property is acquired by Lender, all right, tide wd interat of Borrower
<br />iw and eo nay insurance policier and in and to the proceeds dtereof resulting from damage to the Property prior to the sale
<br />or acquisition shall pap to Lender to the extent of the sums secured 6y this Mortgage immedi:rely prior to such sale or
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<br />t- ieegesatlaa ttati M.IMa..nc. d Peepsrty; LesaeeYoldet C~ rh..ai Utw Dweie*nessat. Borrower
<br />shall leap the Property in good repair and shall not commit waste or permit impairment or debtioration of the Property
<br />noel :hell samply with the provision of any lease if this Mortgage is an a leasehold. If this Mort is an a unit in a
<br />condominium or a p4nned unit development, Harrower shall perform all of Borrower's obligations under the decluation
<br />tar c~aeamab creating or governing the condominium or planned unit development, the by-laws and re;ulatiam of the
<br />condominium or planned unit development, noel constituent doctttnesnts. If a caadomiaium or planned unit development
<br />ender is executed by Borrower a~ rewrded together with this Moctgrtge, the covenanb attd agteentenb of gush rider
<br />tdtaB be iaweporabd into and shall amend and supplement the tmvenanb and agroemenb of thin Mortgage p if the rider
<br />was s part heeeof.
<br />T. PstefeeYe~ at1 iwniae'a SatwMx. If Borrower fails [o perform the covenaab and agroemenb contained in thin
<br />1llortgap, or if trey action or protxedieig is rnanntewoed which mwrially aQecb Leader's ihtatast' in the Property,
<br />itsclttding, but not limited to, eminent domain, insolvency, code en[orcetnawt, or urangemenb or proceedings involving a
<br />badtntpt ~ decedaat, rhea Lauder at Leader's option, upon notice to lilarrowsr, may make such appearances, dubune such
<br />satins noel takes such action as is necessary to protect Lenders interest, inctudiag, but not limited to, disbursement of
<br />neeowable attorway's fen attd entry upon the Praptrty to awake regain. If Lender required mortgages insurance as a
<br />tweditian at ttseking the lean secured by this Mangage, ),oirvwsr shall pay the prcmiurtu required to maintain wch
<br />iaetataaoe is eQect until such time p the tequirasaeat far such iaauratlCe tertwina[a in accordance with Borrower's noel
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