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UNlFOR[~1 Co~~t~h~~7s. Burrowcr :u~d L~n~~r :~~~c»:~nt .in.l .~~rr~ a~ fulluw+:
l. Pa3mrnt of Prinripal and Inte~e~t. li~~rr~~~.tr .hall pn~~nptl~ pa~• Hhcn ~luc thr p~incipal uf apJ int~r~st un thc
inJebtcdncss c~~idcnrc~l hy thc Notc, prcpa~~mrnt and I:~tc char~;c. a. ~ru~•iJcd in the Notc, and thc prinripal of and intcrrst
un any Fulurr Ad~~ancec tierured b~• thic \tongage.
2. Funds for Taxes and Insurance. Subject n• applicable law c~r to a wriuen w~aiver hy l.rnder, Rorrowc~ shall pay
ta I_endc~ on ~hc day munthly inctallm~ n~c of prin~ipal and intcre.t arc ra~•ahle un~icr thr M,tc, until thr N~,tc ~ti paid in full.
a sum Ihcrrin "Funds"1 ryual to onc-t~~~lfth of thc ~•carl~• ta~c: :+nJ asce;~mcm~ which may attain pri~~rity ovcr this
~tortgagc, and ground rrnts un thc Pmpcrt~~, if an~°, plu~ i~nc-t~~cU~h uf .:a~l~• prcmi~im intitallmcnts for ha~ard inwrancc.
plus onc-tw~clfth of ~~carly prrmium installmrnts to~ martgagc insurancr, if any, all ac rcas~~nably ~~tima[ed initial!) ~nd trom
tintc io timc h~~ Lcndcr on thr b.?si~ ~~f a~scs~mctitti anJ hilh and re:u.,nablc esUmatcs lhcreol.
Thc Funds sh.ill hc hrld in an in~iitut~~~n thr J~~x~~it~ ur acr,~unts whirh ~rc imurcd or ~uarantcc.l hy a Fcdcral or
,tate agcn.) lincluding I.endrr if I rnJer is ~urh an institu~i~•n?. I.enJcr ~hall appl~' the Fund~ t~ pa> .:iiJ ta~es, a~~~ssments,
~nsurance premiums and ground rrnh. I.ender m:?~• not rhargr tor.~? huldin~ and applying the I~unJs. anah~~ng ~aid account.
~~r ~~erih•ing and cumpiling said a~~e~unrntc and hills. unlc~s ! en~er p,~ys Borrow~r imerest on thc Fund~ :?nJ applicahle law
{~ermi~s 1_ender to make such a ch:trce. Rorr~~wer :ind Len~er ma~~ agrre in a•riting at the time ul c~ecution of this
~tortgage that intcrr,t on the Fun~l~ shal~ he paid to Biur~~wrr, and unle,~ such :~greement i. rnade or ap~licahle law
reyuires such intercst to he paid. 1_rndcr shall nut tk reyuir~.l tu pa}' R~~rrowcr ant intrrest or carnins~ un ~he Funds. I_enJer
,hall giec to Borrc~~ver, withoul charge, an annua! a~c~~untin~: ~d~ tfi~ FunJ~ ~howing credits anJ dChits t~~ the Funds and thc
purFx~se f~,r which each ~ebit to the I~unds Has madc. 1hc Fund~ are pl~~f~rd a, additiu~ial scrunt~• (or the sums securc~
hy thi. ~iortgagc.
lf the amount of thc Fund~ held hy 1_rndcr. ~i~gether ~~ith the future me~nthh• in+tallmcnts of Fun~s pa}'ahle prior to
the due dates of taxeti, as~essments, insuranc~ premn~nn and ~ruunJ r~i~t.. ~hall e~ce~d the amount reyuired to pa~~ said taxes,
assessmcnts, insuranrc prcmium~ and graund rent, as ~h~~ (a!I du~. sunc ~~ccss .hall he, at Borr~~wer's option, either
promptl~• repaid to Barrowcr or crcdi~cd w 8orruHer ~~n mim~hl~ in~tallm~nls of Fiinds. If thc amo~mt of thc Funds
:;eld hy L~nder tihall not be suflicicnt to pay ta~c~. a~sc:~smrnl., imurance preraiiun. •rn~l ground rents as they fall due,
Borruwer ~hall pa~• to 1_ender an)~ amvunl ne~c„an tu ma~,r up th< <kfic~~•nr~• H•ithin z0 ~a}, (mm thc datc notice is mailed
b~~ l.cnder to Bc•rr~~~cr rcyucsting pa~mrnt thercuf.
lJpon p:+}mcnt in full rf aU ~ums s~:rured h~• thi. ~t,,rtgag~. I.rndrr shall ~+ramptly r~fun~i to Borro~ver anti• Funds
held hy~ I.cn~lcr. If undcr paragraph 1 ~ hcrcof thc Pro~xrt~ i. .rW .~r th~ Pr.~~crn uthcn~~i.c aryiurcd h~• Lcndcr, Lrndcr
,halt apply. =w latr~ Ihan immcdi:~tcl} priur ~o thc ,ak „f thc 1'ruprrtp or ?ta :uyui~iUUn b~ l cndrr. an) F~urnl~ hrld by.
LCn~Ier ~l thc t~m~•~~t appli~ation as a ~reJit aga~n.t ~h~ sum~ ,rcureJ b} th~, ~lortgag~.
3. .~pplication oi Pa~ments. t'nle~s a}~~~li~al,lr la~~ ~rc~ri~l~: othen+i,r. a!I p.?~'menls recri.ed b~ l.ender un~ler the
\utr and par.~graph~ ' and ? hcn~ut .h. II bc appl:~d h}• I.cnJrr fint in }~:~~mcnt ~,f ~muunts pa}':~blc tu L~ndrr by B~~rrowcr
un~cr p.?rue~apt~ ? hcrc~~t. thcn tu inhrc~t i~a}'ablr on thr \rt~_ thrn t.~ thr princip.~l :~f ~he :~ut~. :u~.i th~n t~, intcrest and
F~nricinai .~n .u,~• Futur. Ad~•an~rti.
4. ('harRes: I.iem. 4~~~rru~.tr .h.ill pa}'- all ta~r,_ :~..e»mrni~ :~nd r•thrr ch.+r!~r~. fineti ;+m1 imru,itiun, attnhul.~hle to
~Fx 1'~~~:cr.~ ~~hi~ h ma•: attain pnoriry avcr tnis \fort~;i~r. .ind lca~eh~~ld p~ymcn`ti ~.r ground rrnth. if am~. in thc manncr
;~ru~iJc~i un.ic~ }~.~ragz:~E,h 2 fierc~f ur. ~f nut paid in sn~h mann~r. M B~~rruHCr ma~ine pacmcnt. ~.hcn d:~~. .fir~ctl~• to thc
~~ac~e r~~r~c~f_ t3orro~~r sh.~ll pr.~n:p•t~ furni.h to l~emler all ni~tic~s aI am~~unts Jue under thi~ par.i~raph. ~nd in the e~'ent
, Hotr.~~~er ~h:.ll m.i~.~ pacmcni di~~.i~~. Bi~rru~?r~ ~h.,ll prumptl~ (~zrnuh to Lrnd~r r~~_~ipl~ r~~d~n~in~ such pa}•nt~~~ts.
~ i3~~rro•.wr tihali prompth~ ~licrhargc an~ I~rs? ~~hich ha, pront} ~~~~r thi, ~lurtgag~: pr~n•~,Ir.i. that B~~rr.~w•cr ~h;~ll n~~t bc
riu!tireJ'u Ji~:har~e .int .u~h lirn ~o lun~ :is B~~rru~~~.r ~haN ;?gr~c in wnt~ng t~, the pa~tncnt ~,1 thr ~~bligati~,n .«ured b~'
~ .iich ,,en a m:nncr acr~ntai~l~ t~, t.~ndrr. ~,r .hall in gu~~d iaith runtr.t ~urh li~n h}. .~r .i.;fcn.i cnl~~n~m~nt uf ~uch licn in,
~ iee~l pr~~_~cci~~•,~~ uhi:h ~~~~.d~ t.~ pr~~rnt thr rnt~~:ccnirnt o~ thr I~rn ~~r [orfciturc ~~f thc Propcrty ~~r an~~ part th~reof.
; N~[rrd In~ur~nrc. iiun~,:~cr ~hall kccp lh~ mirr~~~cmrnt. n.,ti. c~i.unK .~r iirrr:tft~r crccied on thc Pr~~~,~rt)' imurcd
( ~~ain~t lr.• t~~ fi-~. '~.~~ai:1~ in~lc~icd .•i;h+~: ~hc ~~rm "~~t~~:idr.l :u~r;.i,~r~ ..~n~l tuch .~~hcr hatard~ a~ I.cndrr cn.i}' reyinre
~ .:n~: :n ,u.t; .,m.~cnt~ au~l t„r su:h prn.~, l.en~irr m.i~ r~.~uire: pr~~.i~1~.1, that Lcnd~r ,h~l! n~~t rcyuirc that thr amount of
~ ,;~~h .~~.cr.l.r ~~c.rd thar ~~noan[ ~~f c~~~e~a~e rcyuircd t~~ E~:~~ +'~r .unt. .ecurcd b~~ Ihi~ ~lorlgagr.
~ The ~murance ::~-ner rrc.vidin~ thc imur:~n:c ~iiall tx ~h~~•cn h~' 13urr~~~~r wFjert to a{•pro~al hr l.ender, provided.
~ i~~:~t ~~.h ap{~r.n:e! .!::~1~ n, ~ h, unrr~.. nahl~ ~sithhrld. All prcm~um~ .,n insur.?nc~ p.,lirir: tihall h~ nai~l in the manner
t ~r ~~~dtci un~l.•r }+.~r.r,r.+ph ~ hc~~•~~t .~r. if nut pa~.l in ~uch ittaun~i, by B.~rr~~wcr makin~ paynrent, whcn duc, d~rettly to thc
? ~.I{~Uf:llll'l L3fRC(.
All imura~sce ~uliric~ :,nd re~~<«alc lherr~~1 sh:,lt tti in furm .~::rptabfe ti, L~n~t~r .,nJ ~haN includ.: ,ta°t.t.?rd mortL:~g~
; lati~c ~n far~~r ~~t at:.i ir~ furn~ :~c~r~t:~hlc. t~~ Lcn~lcr. L.nd~r ~hail ha~~ thc right tu h~~ld thr p~~ii:i~~ and ~rnc~~al~ thcr~.~f.
` .~n~i Ba?r~~~er.h.~ll pror.:ptl} fu~r~sh ~o !.cncirr al! rcn~wa) noticc. and all rcccirrs of paid rrcmiiim,. ln the ~•cnt of lo:~,
~ :i~~~r~,.+er .h:~!! in~ j~n mpt n~~ti..~ ~r thr in~ur.~ii_r ~arri~r .~nd I cn~rr. I.cn.lcr m.,~ m:~~.~ pr,.~t of loss it n~,t iei.~dc pr~~mptly
~ n~ Kurrr«~i.
L:nlrv I endcr an~ Brrr.,arr .,therw~~e aerre in «nting. inwranre pn~rerdti ahall be appl!ed to rr~turation or repair of
s !f,~ i~fJFlffC: .~:1R13~1'~I. ~~.~uVl~ll'i~ CU~~I ~c~l~~f:iI11~11 i~f ii'Fl:!!~ IT Cl'Uli~`flll~:l~~\" ~l':~Slh~l' Jlll~ t~ll' ~ecurit} Of Itll~ i~~Oflk:1~,C IS
~ rr,~t th~reb~ impa~rcd. It ,u~h -i,tor.~t:~~:i ur rcpa~r is rn~t ~:~~nr~u~:.~lt~ t~e~ihlc or ~f the ,«urity of th~:, \tortgagc ti~~uld
~ °n impa~rrJ. the insur~n~e pru,~r,l~ ~hai! ti. :,pplieJ t,~ thc .unu .r~urc.! I~} this !11.~nb.~gr. K i~h the e~cc.s, if an~•, paid
~ ~ i E3,~rr.,w•rr. I1 thc 1'r,~ncrt~ ,,r~.ui:i~~nc~1 h~ Is~~~rr~+cr ~~r st Harn~HCr t.+il. t~~ re,pc~~~J t~ I.enJ~r withirt 3l! da)s T<<,m the
~ J.~t~ m~ti~c ;uaile:i !~t• I.cnder tu ~!~[fl~K'l'f [fl.~t the ~n,u~:,~i.~• ;arricr ~~t~en t~~ ,~ttlc .:laim frr ~rourancc bcnefits, Lender
~ .uthi~rved i.~ c<~II•~,t an~t the iiz,uran,-~ p:~+creds .~t I en.t~r', .~pti.,n eith~r to r~~toration ~~r repair of the Prop~:rt).
` ~r th~ ~um. .:_urc~l ;r.~~ ~t~~rtbag~
4 Unle,• !.enif~r :~n.1 B,~rrr~~~r utii~n.i~: :i~re~ in „nur,. :~r~~ .u;h .tE ptir.~tian of pmcccd; te ~nn~ip.,t .h:~ll not c~tcnd
pustp~,n~ thc Juc datc uf th: ~t~nnthh' in~tallmcnt~ ~c~rirrd t~, ii~ E,.~r.~graph. 1 an.1 hcre~~f or change th~ amount ~~f
~ ,~.h imt:~llrnci:t,. It under prragrapn It{ hercof the Pn.~rt~ i~ a.~{u:rr~ l.cnder, ali nght, titlc and interest of Bormw•er
- ir. ~nd to am i~»~ir;,n:e policies at:u iii anJ +i~ thc pr~x-ecd~ ~hcrevt r«ultin, t:c~m dam.~g~ ti~ thc Yropcrt~• prior to the sale
or acyu~~~+ie•: ~h.~il pa,s to Lendcc thr r~tcnt uf thc ~unu ~~cur~d hc thi, ~1.,rta.~g~ ~rnmedirtcl~ prior to such sale or
a~yussit~^n.
~ ~6. Yresenalion and ~taiulenancr of Properi~; Le•rceholds. ('undominiumti; Planned t'nit 1)rcelopments. Borrower
shall kc;,p th~ Propert}' in g~~uJ r~pa~r and shall nrn commi< <+astc r- F~crm~t ~mpairment ur uctrriorahon of the Property
~nd shail comph with thc pro~'is:ons of an}• lease it th~~ ~9i~rtga~r ~~n i Ir:~~chuld. If thi. \tortgaec is on ~init in a
> cundcm~in~um ~~r pl~nned unit ~t~ti~;~~pm~nt. Bormwer .hall p~rf~~im aH ~~t BorruHCr's ubl~eations unJer the dedaration
or ~ovcnant~ ~r~at~ng c~r g~~~•cna~ng thr .~,ndom~niun~ i~r ~~lanncd niut dcvrl~~pm~nt. Ihe b}-laws and regulatiun; uf Ihe
~ ~unJ~ml~~i.um ~n plann~J unil devr~~•pmcnt, and c~ntitit~2.•nt Jocuntent, If .s condominium or plani~ed un~t Je~elnpment
- n~e~ r~e.uted by~ BorroHCr ~nd r«ordeJ ~~~gether w~th thic At~~itKage. th~ co.~enantti and agrecments of such rider
~h:,li h~ •ncorFx~ratcd intc an~l ,hull nmc:~d an~! ~upp!cment the ~~~•~:ia~t~ :ind ,igrccm~nts of this MortSage as if the ri~er
~r~ ~cr~ .t ~ar: hereof.
7. Prutection ol Lrnder~ S.carit~. If R~rmNC,- f:~~l~ ~o ~~rt~ rm the rovenanl, anJ .+~reements rnnta~ned in th~s ~
Mor~gag:. ~~r if an~ ~_u~.n ur pr«~e~1~ng i. commeneeJ Hn ;h m~~eri~lly afiects I.ender's intereu in the Properry.
incluu.sie_ bc: rn~t I~rii•ed to em~nent dom~+n. in.~~?v~ncy. u•de rnf~~rremcnt, c~r arrangements ~~r pntieedings im~ol~ing a
bank~~,pt er deccdent. then I ender at t~rxier's ~~ph~~n, upon notice to Burrower. may make such appearances, dishurse such
sums anel take such act~.,n ac ~s necec~ar~ to protcct I.ender'c intcrest. includ~n~. but not IimileJ to, d~sbunermnt of .
rea.onabie atrome}~-. i~rs and cn~ry up~~~: thc Propcrt~ tu make rcpairc. I( I.end~r reyuired mort~age insurance as a
` .vniirt~~~~ .~f mal.ing th•: loan ~e:cureJ h~ th~~ ~i~~r~caue. B~~rre~aer shall pa}~ the premiums require~l ti~ mainta~n such
= insurancc in ctft.t ucul ,i~ch Umc as ihc rryuircrti~~n~ (or ~~~ch ir:~urancc t~:nnir,~t~ti ~n a~cordancc v~~th Borr~~w'cr's and
~ ~
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