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Ut+IM~~M Gu~~~~~yr~. Il~~rowe~ and 1 enJe~ covcnanl ai~d uYiro tuUow~:
1. 1'aymenl ot P~fnclp~i Nnd Intcre~t. Nwtuw~l ~ball pn~n~plly p~y Nhrn J~w tho p~in~ipH) af ai~d lulr~esl .?n Ihe
in.bL~eJncsi cviJcnc~d Ay ~hc Nalo. ptcpAyment ond I~to .h~~~r~ us p~uvi~kd ~n 11?a Nola~ a~itl tho prin~ip~l u( Nnd in~rre.~
un ~ny Fnlu~r Ad.;u~rr• ~ccurcd by ~his I?1ur~s~~e.
3. Fua~ ~or T~xes Nad I~izur~are. Subjcct to •ppHrNbin I.~w ur ro ~ wril~~~i w~ivar by 1 ondc~. IIUf(UNOf ,h:+ll p~y
tu l.ethk~ on ~ho da~• mauhly installn~cnls o( ptincipal nnJ ~ntr~r~1 arc puy~hle ~indc~ 11w Note. until Iho Nub i~ ~~aiil in (ull.
a aum lhc~ci~ "FunJs") equal lu o~a~twcl~lh ~~f ~hc ye:uly la~us •uJ u~~ex~mcnh whlch may aUain priurlty uvot ~hi•
Mo~tp~e. arni ~~uund rentt oo tho Ntopc~ly. it nny. plu~ onalwrl(~h ut ycatly premium Im1a11m~n1~ fo~ hMtard i~»urunco~
plus una•twclhh ul yearly premium inslallments tut mu~lg~go insurw~Kn, i( any. ~q as raasonwbly e~llmulc~l inlNally aiid fram
tioa to lion by I.endc~ on the basia a! a~~e«meMt and bilh and reasanablo cslhualos Ihoreo~.
'll~e Rund: ~hall t+o hrW in sn in~~itu~ion ~hc do~»il~ a~ acc~u~Ns a( whlch aro In~urcd a~ gua~~ulced by a 1'Cdornl or
•tate egency IincluJ~n~ I.enJer it L~nJe~ i~ stkh wn institu~lan). I.CMIC~ tIIAII q~1rly IIIO FQ111~\ (A (1p~/ ~GII~ IA!IC~~ ~~~cs~iuenl+~,
inw~x~?ca ptcmiums a~Kl ~rou~1 rcnts. t.c~Nlcr ~~i~y not rhur~c f.ir ~o h~ldin~ anJ Applyin~ Iha 1?unJs, un~lyrlns ~uid arc~+unf~
or verityinQ am1 cum~ulint s~id ~~irssmeuts and bills~ unlcst I.ender payx liatrowor iulere~l un Iho Fuiaf~ Nnd applicwhle Iww
prtmils l.cnJcr ta malc such a char~o. Bu~rawer •nd I.cnJor may u~~rc in writin~ NI Ilw timo o[ axccutlon u( Ild•
MottQa~ that intere~t un Ilw FunJs shall t+o paid !o Qorrc~wer. nn~l unlr+s tuch ad~cement b maJo nr appllcahlo law ,
reyuites such iotarest to bo p~id. L~~ulcr shall nol ba rc~~uired t~ ~+ny lior~c~wcr ony inlc~esl or oHrnin~ on Iho f~und~i. 1 nn~k~
shall ~ive tu Borrorve~. witlwut chargo, an u~nual a~cuu~Ning a( Iho 1'iu~ds ~h~~win~ ctcdlt~ anJ dabilt lo Iho itunJt und tho
pu~poae fu~ which each dobit to the runds wa~ mado. 'th~t I~undi nru pleJged ay nddillon~l t~utfly (or Iho ~unt~-+e~ur~d
by this 111otiNSo.
lf tho amounl of Iho ru~4~ hcW by Lendcr. ~ugcll~n~ wi~h ~Irc futurn n~onthly inslatlmcnl• I~und,~ payabto pi ior to
~lu due dat~s of taxei. auessments~ insurAnrn prrmiums xnd ground ren~s. ~hall excacJ Iho anwupt ~eyuitC.l W~u~y +aid Inxe~.
~s~ess~ntnts. insuranco prcmiums and `t~uwxl renb a~s thcy fall duo. sunc ~xcc.s shptl Me~ at i~orrrnvar's oplinn, cilhc~
prwaptly reMW to Borrowc~ or crcditcd to Borrowc~ on monthly installment• c?[ Rund~. It tho un~ou~it of tho N~~nd~
IICId ~ I.l~IdCP 1I111II 1101 bo lUIIICIOQt f0 ~y (exCt, ~ucximcnts, insurancc prcmium~ and gruunJ ~anh u Ihoy fall duo~
Botrowe~ shall pay to [.enJer ~ny amount necesiary to mokr up ~ho deflcic~~cy within 30 JNys irom the date no~lra i~ m~ilyd
by l.emk~ l0 8orrower rcyue~~iot paYmant lhercof.
Upon pAyment in tull ot all wmi ~ecurcd by ~his Mrntg:~go, I.cnde~ ~hall prompUy rotund ~u 8orrowot any l+unJ~
heW by l.emkr. It under para~raph 18 hcrcof tho Praperty i+c sa~ld or ~he Pro~rly i~ dherwiso Mcyuired by Lcnder~ I.ci~dcr
sball apply. no late~ than immedialely prior to Ihe ~alo of tho Propeny or it~ Lrqui~llian by 1_endcr. •ny 1'und~ holcl by
Lender at the time ot applkation as a credlt ~Nin~t ~ho ~ums ~ecured by Ihi~ Mort~a~a.
3. A*plk~Ibe ot P~ymenU. tJnless opplic~ble IAw proviJc~ olhcrwltic. all paymeMR rcccivcd by I.ender unde~ Ihe
Nota and patajapht I and 2 h~rco/ sholl bo applicd by I.cndrr flr~~ in paymc~?t ot ~mounu peyahla ~o I.~n~kr hy ~ur~awu~
urwler puasr~ph 2 hereot. Ihen lu interc~t pay~bk on Ihe Nate, Ihen 1o the prl~icfpsl a( tlw Note. und ~hen w Mtcrpt and
priecipsl on sny Futurc Advancas.
4. C~irRss= Lkns. Borrower shnU pay aU t~xes, a~+estn?cn~~ ~nd other cha~gcs, Ilnca aoJ imp~silion~ allribulAble lo
the Property which may atlain a priotity over thi~ Murl~age. and Iewchold pvyments or ~raund ronl~. ft ~ny, !n tho m~nner
providei! unde~ psra~nph 2 heteo( or. it not pAid in tiuch mannar, by Norrowe~ makin~ paymenl. whcn due~ dirnctly to Iho
papee thereof. Borrov?er shall promp~lr furniih to LenJcr all noliccs o! amount~ due undor this parrgt~ph~ ~nd fn tho ovant
8otrower ahsll make payment di~octly. Borrower shall promp~ly tumi?h ~o l.enJcr rereipl~ nvidencln` ~uch paymenls.
Borrower shaU prompUy discfiarea any licn whkh h~ pno~ily uver Ihi~ Murtgrgo; provided~ Ii~a1 Borrower sh~ll ~~~1 he
required to diuhar~e any wch {kn w lon~ at iforrower shall a~ree in writin` to Iha p~yment oI tl~o ob1i~~lfuo ~ecured hy
sucb lien in ~ mannrr accepl~ble to Lender~ cu ~hall in ~cwcf fri~h caror~~ ,cuch Uen by~ or ckfend entorcemeot of such lkn ~n~
k~al procee+lin`s which o~xrato to prevont ~he tntorcemcnt of tha lien or (orfoiture of tfia Ntoperty ~r ~ny p~~t thereuf.
S. Haurd Insunace. 8ortower shall keep tho improvemenl~ nuw exfetln` or herewflar ercc~od ~m tho Prope?ty insurod
a~aimt Ms~ by flre. h~zardi include~f wi~hin the tcrm "rx~ended cm+erage". ~nJ uah othet I~ax~rJs as Ixncbr m~y ru~ui;~
and in wch am~wntt and /or ~uch ~xrlah as I.cndcr may rcyuirc; provided. Ihrt l.cnder ih~ll not reyui~o ~hat Ihe amuunt ~?t
such coven~e exceed that amuum ot covetaQa reyuired ta pay ~he ~um~ secured by Ihi~ Mor~~age.
'I1~e in~utance carrier ptuvidin` the Insuranco ~hr+ll hc clw?cn by gorrower subjecl lo Nppruval by I,ender; pruvidaA~
tbat such approvsl shall aot bc ~inrea~onably wilhhctd. All prcmiums on in~ur:~nce poUctes ~I~~II h~ psid fn 1hc mannot
provided unikr para~raph 2 hueof or, it not p~id in uich manner. by B~rrowor ~n~king prymeM, wtkn duo~ Jirectly tn tho
' insurance curier.
; All inwrance pc?licies anJ rencwati 1t?ereot shall be in /orm .~ccep~~blc Io Lender ~nd ~hall mclude a~IandatJ nwrt~age
j clausc in favor o( snd ;n tarm ac~ep~able to I.ender. i,rnJer tih:~ll h~ve the righl In hold Iho ~x?Nric• ~nJ renowwft tl~icut.
I and Bo~rower sh•rll promptly turnish to I,enJcr al) ru~cwul nouccs ~nd atl ~eceipt~ Ut pald premiumr. ~n ~he event loss,
~ Botrc~we~ thall ~i~e prurrspt notire to tl~c iosurance carticr and I.cnJer. I_tnder may rnaka prcN~t u[ lors it nnl maJe prumplly
~ by Borrawer.
Unlcu I.ender and I3orruu~r Mherw~~ agrce in wiiting, insurance p~~~cecds ~hal) bc rpplirJ 1o n'slnr:illnn ~r repair ~t
i the Properly dam~gcJ. prov~Jrd iuch re,~oral~on ur rcpair it cconirmic~lly (ca~ible ~nd Uie sccurhy of Ihis Mottg-rge is
not ~heteby impaired. 1( tuch reswtrtinn or repair i~ not rcon~mically kasible ar i( ~ho ucurily o( ~1?is Mor~~rKo wuuld
~ be impaired. Ihe insurance proceed~ ~hall be •rpptieJ to the ±?ums ~ecureJ by ~hi• MortRa~e, wi~h ~lu axce~~, it •ny. p~id
to Bornnvet. It th~ Ptopaty~ is ~handoneJ by Burrowcr, or if liormwe~ tnils to res~wnd to Ixnder within 3n d~ye I~om Iha
dtite rx,tice i~ maded by I.endcr to Borrm~vcr ~hat ~t~c imur•rn~c cariier uiters to sc~tle a clLim for imurance henefits, l.cndct
is authorir.cJ to cnllect and apply tbe inwr~~ice prouedt at I_enJcr'~ oMirm eilher Io reslorn~iun or rapair o[ the Nr~{Krly
or W the surns secured by this I?fort~age.
Unless I.endcr ar:d Botrow•er othcr+vi~c :~giee in writinq, any •uch appticatiun ~f ptocce~l~ lu pr+ncipal thrll nu1 axleru!
~x postpone ~he d~et Ja1e of the munlhly imis~llmc~ils ~c(cr~r.d lo in paragr~ph~ 1~nJ $ hcrr~~f ~;r ch+nge Il~e a+nnuul o~
such in~tallments. If under patagra~h 1!3 heru,( ~he Pru{x:r1y i~ acyuired by I.en~ler, all riytil, I+IIc and fnterpt ot (!c?rniwcr
in and ~o any imurancr ~wlicicti a:id in and to ~I~e pn~ccc~ls thciwt rrsul~ing Irorn damrY,c lo Ihe 1'ru~rly priur to U~c r:~te
or ~ctjuisitiun sb~l) pa~s lu Lendcr t~ It~ cxlcrt ut thC ,u~ns ucoir~l hy ~hi~ M~?rtg+gc immed~aicly {:~iar lo euch +?+la or
acquisition.
b. Pretennlfun .nd ~1aiu1~•nancc nf 1'roperty; Ix~~ehnld~; G~ndomin(un~r; Plrnned 1Jni1 1)rrel~~p~ne~Ht, fi~~nuwcr
~ sh.ll kcep tf~c Pro~,crty in gn~x1 rcpair •rnd ~hall iw1 cni,inii~ ~~aslr. ur ~x:rmil impainncul or dctcriurali~m u/ Il~c f'~~?{x:~ty
~ ~pd shall coJnply witFi ~he pr~~v~~u.~ns uf ~ny lease ~1 ~his INoi~y.:~KC is nn a lersehul~l. Ihi~ Mirrtgage i~ on a nnil in
~ c~m~tumin~u~~~ or a pl:,nncd un:~ •lcrclnpn~e~ii, 13orr~,wrr ~h:~ll ~tl~,rm all ul R~rrowet't ui~bg:?~iuns under ~he de~larah~~n
~ or curer?anls rr~..tt:~g ~;t gur•crrunK 11?e cund~~rnin~um ~slanncd unil devrlup~nenl, Ihe by law~ ai~d feq~drli~ms ~~f Ihe
~ conJnminwm nr pl~nncd unit devrlupntrnl. ~ud c~msl~tucnl ~Irxwncnls. 11 a c~mdominiuni pl.~nncJ unil dcvcl~~pu~~~ul
i n~kr iti executcd by lio?ruwer ~nd iru~rds~l ~~?~c~i~er w~th ~h~~ M~irlgdge, the covrn:~n~~ a~~d ugreeinrrd• ~?1 s~~ch iu!er
~ ~hall Fx mcr~r~x»~Ird ~ntn :~n~f •,b.~l1 amrnd rr?d ~up~?iri~~~~iti1 thc cu~cs~:~nl• aud :~qreemcnl• uf ~h~s Murlgage at iI ~he ri~Mr
were ~ part hcrcot.
9. Piolerliun af I.enders 'ircurily. If it~~u~?wr.r (:+~Iti tu perf~u~n U?c cuvcn;~utt +nd u;;iccn~enls umtaincd ?n th~+~
Ma?tgags. ot i( an~ aclu~n nr p~~yu:e~lm~ ~a cutn?urn+_cd ~rhi~h 1na~cri~lly ,~Ifrcl~ I~n~{Ct's ii~tc~c~l In Ihe Pm~K~~~y.
including, F.u1 ?xu hm~'ed !o, 1mu~rul d~~m.in, ineulvcncy, ~~Nlr, en/~a~rineM, nr arranxementt nr pr~xreding~ inw~l~ing a
bankrupt nr •lcc«.en~, +hcn I er<<!cr a1 I cn~:cr'~ op~i+?ii, up~n n„tice ~o fi~?riow4r, muy ?nakC such appea~~tict~, ~fi~hu~x ~uch
sulus at~d t~ke t~FCh action +t is nrcc•.:ary to pr~>Icct I.ender's u~tF~est, ~ncluding, but iKN (imiled tn, dishwscu~~:~il n(
rcticon.l~tt ~t~urney's ic~• and er~+iy u~a,n iLc 1'r~~pe~iy ~u ntake ~c~~:,ir~. If I,enJct rcyui~cd m~?riK~~,e insur.~nc~ a• a
totubti~.n nl m+Y.m2 thc Insn u~wc~t by Ih~t ~l~+r1~;.~:,~•, Hnn~?wc?•shall p.~y Ihc prciniwns ~eyu~~ed 1~? 1tlAinl.n~~ tiu~_h
insuranct in ~fle~1 until ~.~:ch ~ea~c ~1N: rryuiien~ent fur ;uch inaurrn~r. ~ernuna~es in ~~co~dan~e wi~h NorruNCr'+ Hn~)
60 ~r 2~7 PAI~.