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Utd~1il ~D11aNAN!'i. ~OITO'M0~ iDd ~.OO~Q~ OOYOQiQt ifld ij1'00 ~i tO~~OWf:
l. ty~yt ~t rei~elN1 a¦i IM~rMf. Botrower d~all Pr~P~~Y Wy M'hen due the ptiacipal ot aad intere,st oo the
jndebtednat evideooed bp t6e Note, pt~epyra~eat ~ad la~e chana as pwvided in the Nota and tde priecipat ot ud interest
on a~q? Putwe Advaooa iecured bq tha Iilottpje.
1~rit 1~ 11~s a~i L~rcw Stibject to applicable law or to a writteu waiver by l.ende~. Borrowe~ shall WY
~u I.ender ou tbe day nwatbly? i~tallmeab oi principal and interest an pay~ble under the Note. until the Note is paid in [ull.
s wo~ (h~eia "Rund~'~ eqwl to ooatwelfth ot tbe yeuiy tua and assa~ne~a which iaay attain priorit~r ove~ this
Mort~e. and ~d renb oa tbe Propeitr. if any, pl~ ooe-tvrelhh ot yeuty premium iasWlments fo~ hazard i~surancx.
pl~s ooe~t~reitth o[ jrarbr pr~aojuia inwllmeats for mortp~e inwranoe. it aap. all as ra~soaably ostimated initially and fran
Wae b tiaae by Irendes oo tbe basit ot a~aat~ts aod bilb and rasonabk atimata theroof.
• TLe Ftu~ shaU be beW in sa iauitutioa tbe deposib or aocounts of which are iasund or suaranteed by a Federal or
stale a~acy (inchdiat I~ender it Lrender is wch an io~titution). i.eacier ~ail appiy t6e Funds to pay uid tanas. aue,s~meats.
inwtaooe prani~ara and p+otmd ra~b. I.eoder may oot char~e for so hoWlna:r~d applyias the Fu~ds. analyzia= said accoua~
or vecitplo~ and aompilioj taid ~b aad biW. unka I.eader payt Borrower interest oa tbe Fuads aud sppliabk law?
penaits L~ender to make wd~ a char~e. Borro~ver aod I~ender may aaroe in writiag at tbe dme oi ea~ecutio~ of this
Moryt~e tbat Interat oa the I+undt s6a11 be paid to Horwwer. and unkss suc6 agreement s made or applicable law
t~eq~ires wch iat~erat to be paid, I.eeder ~6a11 ~wt ba required to pay Bo~rower any interat or eaminsa on tbe Funds. Le~der
s6aD pve ~o Bon~aa~er, witLout ct~ar~ an aaawl sooountina of tbe Funds sfwwina crodia aad debits co ehe Funds aad tbe
p~upo~e tor ~rhich pc6 debit to t~ Fuod~ was msde. 'Ibe Fur~ds are pled~od as additioaal aecurity for the wms aecured
h'Y ~ -
- It tbs a~oonot of tbe l~md~ hdd by t,ender. together with the futurc monthly installments of Funds payabk prior W
tbe ~e data of tues. ~ inuranoe praniua~s and amund nob. shall euoeed t6e amouat requirod to pay said tues.
~o~eab. in~uranoe premiums aod Srouad renb as t!~? fall due, wch excess shall be, at Borrovrer's option, eitt~er
prompdp npaid to Bornow~er at ct~ditod to Borrow~er on monthly inatalime~ti of Funds. If tbe amouat ot the ~unds
held by Leader ~hall oot be wlBcieut to p~y tues. ~b; iaturanoe premitmns aad ~rouod rents ss they fali due,
Hort+ow~er sball py ~o I.eode~ any amonnt-neoasary to make up tLe deficieocy ~vit6in 30 days from ihe date notice is mailod
by I~eade~ t~ Horm~ver t~uatiu~ Paynxat t6ereof.
UP~ Ps7~~ in fWt of all wint ~~d by this Mortgaae. t~eader sbap P~~P~Y rehmd to Borrower any Funds -
held b~ I~eader. U anda pira~rap~h 18 6etaof t6e Property is sold or the Proparty is otbe~ aoquired by Lender. Lender
abvl appty. o01a1er tban immedia~elp ptiar W tDe sale of the Property or its soquisition by I.ender, any Fuods held by
I.eoder at t6e time of spplication as a credit apimt t6e wms aecured by this Mortaage.
3. A~eafiN ~t l1y~e~. Uakss applic~bk law provida Wherwise. all paymeMs reoeived by Lender under the
No~e aad p~rap~ap6s 1 aad 2 ha~eot shaU be applied by L.ender Srst in payment of amounb payabk to i.eoder by Borrower
uada pua~caph 2 bm~of, thea a ineere~ payabk on t6e Nae, ~l,ea ~o the principal of tba Naa. and ~hea to incereu and
prinapd on any Future Advsnoa.
4. C~ IJe~. Bom~rwer ahall ¢ay a!1 tues. a~nents snd other char~es, St~es and impo~tions attributabk to
t6e rrepe~ty w6ic6 may att~ a priority a~er this ~Iortgaae, aaa lwe6ola payme~s or gruuna re~ts. if any. in tba maaner
p~o~vi~ied mder para~taph 2 6eieof or, if nat paud 'w suc6 marmer. M? Borrower makin8 P~Y~t• wAen due. direcxly ~o t6e
pajroe t6a~of. Han~ow~er d~aU pmanptty fu~ni~ W I.ender ap aotias of amounb due under this paraarap6. aod in tba cveat
Borro*rer s6ap malce Psyment directly. Borrovvcr slWl P~'~P~Y furnah to I.eoder reoeipts evideocina wch payments.
Borr~wu ~hall prnmptly dschar~ aoy lien which has priority over this Mataage: pr~vidod. that Borc~o~rer sball not be
req~ired w di~char~s anY wch liea so loaa as Borrow~er ahall aa~ee in writina to tbe paymeM of the obligation secured by
sucb liea in a maana aoocptable to Lender. or sball iu good faith oontest wc6lien by, or defeod eafomanent of such liea in,
kgal piooeedins,s ~vhich opuatt W preveat the enfonoement of the lien or forfeiture of t6e Property or ~ny part theneof.
S. Hmri Irwa¦ea $o~row~a s6a11 kaep the unpmvements now eacisting or liereafter er~xted on tbe Property insured
~aimt bst b'f? 8~. ha~ards induded within tbe term "extended coverage", and such otber hazarda as Lender may require
aad in st~ amounb and for wch periods as I.ender may requi~+e: Pmvided, that Lender s6a11 not reyuire that tbe ainouat of
sucb oorera~ eaceeed tl~at amonat of oov~eraae required to pay the wms socumd by this MonEaae.
'l~ i~uraaoe canier p~ayidioa the ins~uanoe s6aU be cfwsen by Borrower wbject to approval by I~ender, prnvided.
i thst such app[o~val sball not be ~mt+asooablp Nrithhdd. All premit~ms on ioxuanoe policia shall be paid io the manner
! pro~ided ~ndet psrapaph 2 6eieo[ or. if not p~id in wch naanner. bry? Bomovrec makinE Payment, when due. directi~r to the
~ in~uranoe carriar.
M io~uranoe poiicies and ren~wa4 tbereof stwll be in form aoceptabk to Lender and sball inclnde a standard mortgaae
cla~ne in favor of and in form aooept:bk to Lender. I.eader shall have the right to 6old the policia and ceoewals thereof.
and Bornoaer shall proa4ptly furni~6 to Lender all renewal notioes aQd aU reoeipts of paid pranium~. In the eveat of loss.
Bornower s6a11 giva pt~ompt notioe to the insuranoe carrier and L~eoder. Lender may make proof of {oss if not made promptly
bY Bomaver•
Unk~ Leader and Borraw~a otherwise sgr~ee in writing,. ins~raooe proceeds shall be applied to ratoration or repair oE
the PmpertY dam=~ed, Pmvided wch zeswration or rcpair is eoonomically feasibk and the sec~uity of this Mortgage is
not thereby impaired. If suc6 iesWratioa or repair is not oooiwmicaUy feasibk or if t6e security of this Mortgage would
be impairod, the i~uranoe prooeeds sball be applie~ w the sums socured by this Mortaage, with the a~oas. if any. Paid
to Horru~ver. If tbe Pc~uperty is abandoned by Borrower, or if Bomower fails to rapoad W Leoder wiWin 30 days from the
dste notice is maited by Leader to Borrower that the insuranoe carrier offas to settle a daim for iawrance benefits, Lender
it aarthorized W oollect and apply t6e imuranoe prooeeds at i.ender's option dther w ratoration or repair of the Property
or to the st~ms sa;und by this Mortp~e.
Ude~ Leoder and Borrower ot6eiwise agree in writing, any such application of procood: to principal shall nd eactend
or podpone t6e due date of tbe monthly installments referrod to in paragraphs 1 and 2 hereof or change the amount of
snc6 imtallments. If under p.ragrapi~ 18 hereof the Property a aoquired by L~der, all right, Gtk and interest of Borrawer
in and to aoy imunnx policies aad in and to the proceeds tbereof reaulting from damage to tLe Property prior W the sak
ar aoquisition shaU pass to Leada w tLe exteat of t6e sums aceur~ed by thia Mortgage immediatdy prior to such aak or
~
lee~nalb~ ai Ma~h~Oe oE prolMy; I.easeiold~ Co~do~i~iss~ Plnaed U~it Dereio~o~eab. Borrower
s6aU Iueep tbe property in ~ood npair and shall not co~n~pit waste or permit impairment or daeriontion of the Property
and s6an oomptp with tha provisioos of any kase if t6is Mortgage is oa a Iea:ehoW. lf this Mortgage ~ on a uoit in a ~
c,ondominium or a planned nait devdopment, Borrower shall perform all of Borrower's obligations under the doclaration
or ooveaaab creatin~ or governing the coadaninium or planned unit development, tbe by-Isws and regulations of the
~oodomiaiu~p ur plaoned unit developmeat, and ~onstituent documents. If a condominium or planned unit development
rider is qcecuted by Borrnw~r and reoordod together with t6is Mortgase. the oovenaats and a~reements of suc6 rider
~ba11 be iaorpocstcd i~o and ~La1t amead and suppk.~nent t6e oovenants and a~roeme~ts of this Mortgage as if the rider
w~a~e s pait 6enof.
q~ ?~Nectle~ ~t I,erier'~ Secwitp. If Borrow~er fails to perform tbe covenants and agroements contained in ihis
Mortpye, oc if any action or ptooeeding ia oomrneooaf which materially affcets i~ender's inurat in the Property,
iocludins, but not Wnited to. eminent domain. inaolvency, code enforoement, or arrangemenb or prncoeding~s involving a
' b~ntrupt or d~oed~nt, then I,eader at I.ende~s option, upoa notice to Borrower. may make such appearanas, disburse such
a~t aod tak~ wch action ss i~ neoeswy w protoct I.ender's interat. including, but not lanited W, disbursanent of
na~ooabie attotaq?'s fea and eatry upon tbe Propecty W make repairs. If Lender roquircd mortgaae i~urancx as a
ooodition of mal~io= the ban secur~ed b'Y th~s Mortgage, Bornower shall pay the premiums required to maintain such
- iaat~ooe io dect ou81 wc6 time as the requirement fot such insuranve terminates in aocor~anoe with Borrower's and
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