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81-C~t~~'75~
<br />Uatrt=otttt C..ovESt,s*irs, Borrower and Lender covenant and agree as follows:
<br />I. (a~eaM of attd llaberest. Borrtrwer shaft promptly pay when due tY,e principal of and interest on tbe
<br />indebteafnds evidenced try the Note, prepayment and !ate charges as provided in the Note, and the principal of and interest
<br />on any Fttbrrt Advances stxtrted by this Mortgage.
<br />2, FatYr flar'Cttacva seal Itw~arwe. Subject to applicable law or to a written waiver 6y Lender. Borrower shall pay
<br />is Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a taart (heceia "Funds"; equal to one-twelfth of ttu yearly taxes and assetssments which may attain priority over this
<br />Mortptge, easel ground tenu on Thee Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premitem installments far mortgage insurance, if any. all as reasonably estimated initially and from
<br />time to rinse try Cstader on tbe basis of assessments and hills and reasonable estimates tbereof.
<br />'ibe Funds shall be hotel in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />slam agency t!itcluding Lender if J -ader is such an institution ). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance prcmioms and grotmd rents. Lender may not charge fur so ho!c'.ing and applying the Funds. analyzing said account.
<br />or verifying alai compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Leader to make such a charge. Borrower and lender may agree in writing at the time of execution of this
<br />Mortgage that interest on ibe Funds shalt be paid to Borrower, and unless such agreement is made or applicable law
<br />requires tatcb interest to be paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. [..ender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pur!roae forwhich each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgrge.
<br />If Ehe amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, asst~strtent, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />atsrameats, insurance prcmiurtt•, and ground rents as they fall due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held try Leader shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fat[ due,
<br />Borrower shall pay to Letrder any amount ^ecessar~ to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower regetesting payment thereof.
<br />Upon payttrent in full of all sums secured by this Mortgage. Lender shall promp[ly refund to Borrower any Funds
<br />held try Leader. If untder paragraph Itt hereof the Property n sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Properly or its acquisition by Lender. any Funds held by
<br />Lender at the brae of application as a credit against the sums secured by this Mortgage.
<br />3. A}giiealMa elf tsysetds. Unless applicable law pmvide3 otherwise, all payments received by Lender under the
<br />Nnte sad paragraphs I sad 3 Ixrc^_f steal! t•.. applied by !_ender first to payment of amouots payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. tL7targe~.[Jeaa, Borrower shall pay all taxes, assessments and other charges, fines and impcuitions attributable to
<br />the Property which tray attain a priority over this Mortgage. and leasehold payments ar ground rents, if any„ in the manner
<br />provieied under paragraph Y hereof ar. if nor paid in such manner, by Borrower making payment, when due, directly to [he
<br />payee thereof. Borrower steal! promptly Furnish to Lender all nouces of amount: due under this paragraph, and in the event
<br />Borrorevar :than make payment directly, Harrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower stroll pratapCly dist:harge any lien which has pnonty over this Mortgage: pravtded, that Harrower she!! net bt:
<br />required to discbatrge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lice in a moaner aexxptable to Leader, or shall in good faith contest such lien hy, ur defend enforcement of such lien in,
<br />legal proceed!ngs which operate to prevent the enforcement of the teen or forfeiture of the Propert> or any part thereof.
<br />5. Raaard Iaaoramee. Borrower shat! keep the Improvements now esisung or hereafter er¢cted on the Property insured
<br />agryiaat loss by fin, hazards inclutted within the term "extended coverage". and such other hazards as Louder may require
<br />and in such amounts attcf for stxh periods as Lender may rcyuire: provided, that Lender shall not rcyutre that the amount of
<br />such coverage exceed that amount of coverage reyuired to pay the gums ucured by this Mortgage.
<br />"t'he itaurataco carrier providing the insurance shall be chosen by ttorrowcr subject to approval 6y I.cndcr, provided,
<br />that wch apprrwal shah not ere unreasonably withhekt. All premiums +xt insurance pohetes .hail be paid in the manixr
<br />pmvi~ under paragraph 2 hereof ur, tf nut paid in such inserter. by Borrower makinrg payment, when due„ ihtcctly to [he
<br />it~ttrauce ,~at'~ea',
<br />Alt iaftttrs> pairie~ and renewals ther¢+rf she!! he in form acceptable to Lenitr:r .tn+i shall tnelirde a standard mortgage
<br />:~atse ifl favor of anti in foray ac <prablts :u Lander. I..etulcr sttal3 fiasc the right to h:,J the pirti,:ie=_ and rencsvals therenf,
<br />a~Brr~rower styall nrometly furnrah to Lender a!1 rcricwal nottces and all receipts of paid premiums. In the t:venk of lt5ss,
<br />Borrower shall give prompt rxitiee to the imurance currier and [..ender. Leader may make prcxrt of toss if not mode promptly
<br />try Bearrowtt.
<br />Ualas Lender and t3orrower neberwtx agree in wasting, insurance pr+xeeds shall be applied ro reswrution ur repair of
<br />the Proptstty damaged, provided strctt restonuon or repair is erunomically feasible and the security of thrs Mortgage Is
<br />tat thorny impaired. If such rcsata4on ar rcpaer is not resarxrmically feasible ur tf the security of this Mortgage would
<br />bra impaired, the insurance proccech shall be applied to the stuns secured by this Mortgage, with the excess, if any, paid
<br />tp Borrower. !f the Propoaty is abattdurted by Borrawcr, or ti Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Leader to Borrower that the insurance carrier offers to seine a claim for insurance trenefits, Lender
<br />is authmizod to collect amt apply rho insurance proceeds at Lender's option either to restnntion or repair of the Praprny
<br />or to the stems sxured by this Mortgage.
<br />Uakss Lander and Bonawer otherwise agree to venting, any such application of prix:eeds to pnncipai shall nut estend
<br />or pnatpone the dtx date of the monthly installtnt±n[.s referred to in paragraphs I ;red 2 hereof or change the amount of
<br />such itssWlnteals. If under paragraph It! betti*of the Property Is acywrcd by Lender, all right, title and interest of Bexrawnr
<br />in acrd to any insurance policies and in and to the proceeds thereat resulting from damage to the Property prior to the sale
<br />at troquisition shall past to Lender to the extent tri the sums secured by this hortgage immediately prior to such sale or
<br />arga~sitirm.
<br />6 lreaatvaliatt sad Maittisesrwee of Pte<rerty: [.etirHeltoidat Caadomiaiuaas; ptaaaal Unit [levelgtuseeut. Harrower
<br />tgtrtil k+eap itut property in good repair grid sttd! nut cnmmit waste or permit impairment or deterioration of tbe Property
<br />a rill comply with the tuovituoas d sash' lease rC ihrs Mortgage is tin a 3casehuld. tf this Mortgage is on a unit in a
<br />~miniruu ur a plat+rntd anti devetnprtteni, Borrower shaA perform all of Horrower`s ++h[igaucma under the dee[aration
<br />tar covgrai:ts cri8it~ 3t goiorring the ccirtdamimum . r F•tannitd unit dsvelapm€nt, the by=laws as:d rrg::latians of the
<br />t:ondorninitmr or platutod unit development, and ConsUUtcnt d+xurnems. if a wnduminium or planned unit devclupntent
<br />tislsn; is erteruted by Bnrtcrwet and recarde+# ttgethet wuh ihrs Mortgage, the ;ovenants attd agreements of such ncler
<br />shag, be inimrporaiod into and shalt amend acrd supplement the covenants and agreemenes of :tits Mortgage us tf the rider
<br />wore a p_ alt hareaf.
<br />7= lrat M Ltmier's Serstdtg. If Borrawcr tells to perform the covenants and agreeettents contained is this
<br />It~i>;tgage, or if arty action or proctedittg is ummens:ed which materially slicers Lendei s :ntercst in the Property,
<br />~~, Irut rain 1!nrtited to, eminem domain, insalvetscy. vole eniorcetrtens, or arrangernentx ur pruecttfirrgx tnvalving a
<br />ttttniiCrl~lt of detecian4 then I.eatder at Lander s option, opera sauce n. Harrower, may make such appearances. dtshurse sin:h
<br />strtns sad faire weh srctiWt as rs ttoretsarp to prcxut I.entler's interest, including, but rxx !imtted to, drsbutxrttent of
<br />ttpeaatttnhie attosaay`s fees arnd ratty upon the Prupeny to make repents. IC Lender reyuircd mortgage insurance as a
<br />sseitim of twskisrg rtes irnatr t~tiral by this Mcxtgasc. Harrower that! pay the premteuns rrquirut to maintain sus h
<br />iae+'r in e-f1 igrtil soh limo as She requirtstr~nt far such msurtirsx termtrrates to acwrdarx'e wtth Bcxn>wer`s steel
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