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urrrottM Owst+axis. Alorr~owar sad Leader oovatant and agroe as tolbwa:
teo?•e¦t at teiae4ttl aN 1MMrM. Borrower :flap promptly Pay when des tbs principal of sad interest on the
evidestoed by tba Note, prepayanaN sad labs charges ss provided in the Notts. and tba principal of and atterest
oa soy Futwe Advaocee aecutrid by lies Mettgage.
Z. fittiais hr Z1apa tttstl ltt+weaaoa ~ b applicable Isw or b s writhes waiver by L~ertder. Borrarer t~ Pay
b Lwtrdar oa the day moathly~ iastallmertts of principal and interest arr. payable under the Note. until the Note is paid in tuU.
a attest QMr+sia "Fuads'~ egwl b a~ftb of the yearly taxes snd aslesiatgrta which taay allots priority over this
Mortgage, and gt'otrld teats on toe Ptoopetty. it say. Alta otrttwelfth d yearlli' prt;:aium usstalbtreats for based iraursace,
pica one-ttwalfth of yearly pr~etniuai installments for mortgase imurance, it atq?. dl as t'easottably euimated ittitially and from ~
limo b time by Leader oa the basis of assessments and hills and rasonabk egimstes thereof.
'Iba Funds tdtall be held is as iratitutiort the deposits or accounts of which are imured or guaraabeed by a Federd of
state agency (including Zd~ if Lratder is such an itatitutionl. Lender :ball apply the Fttrtds b pay said taxes. assessrrteMs.
iaeuraooe premium and gt~ound rents. Lender may not charge for so holding and applying the Farads. analyzing said account.
oc vsritying.sad compiling said asta:rrrents and bills. unkst Lender pays Borrower interest oa the Funds and appliabk law
permits Lender to make such a charge. Borrower sad Lender may apes is writing at the lima of execution of this
Mortgye that iatarest oa the Ponds :ball be paid to Borrower. and unless such agreenrptt b made a appliable law
requires stab iaber+est b be paid, Larder :ball nd be required b pay Borrower any interest or euaingt on the Pleads. Lrender
shag purl b Borrower, without. charge. an annual aoeountiag of the Funds :bowing credit std debits b the Funds and the
purpose for wbidr each debit to rtes Funds was made. The Funds arc pledged as additional secttrity Eor the sums secured
blr this Mortgage.
if the amoutrt o[ the Ftmds bald by Lender. together with the future monthly instalhtnptts of Funds payable prior b
the due dates of taxes, atnasmeob, imuranca premiums and ground rent:. shall exceed the amotutt required to pay said taxes.
aaesaaaepts, itaurattca premiums and ground tents as they fall due. such excess shag be, at Borrower's option. either
proasptly repaid b_Boslower ar tx~edited b Borrower oa monthly installments of Foods. If the uaouat of the Funds
beW by I~eader-slrail not ba wlBcied to pay taxes, aasessaratts. irtsurantx praaiums and ground rants ss they fall dues.
Borrower sbaU pay b Leader say atnouat necessary to make up the deficiency within 30 days from the date notice is mailed
by Leoder fo Borrower regtsatiag pajrnrent thereof.
Upon payoseat is f,`dl of aU sums secured by this Mortgage. Lender sbaU praaptly refund to Borrower any Funds
held by Leader. If under paragraph 18 hereof the Property is sold or the Property a otherwise acquired by Lender. Lender
:boll apply. ao Isber than immediately prior to the oak of the Property.att ib aoquiation by L~asder. say Funds held by
Lsoder st the tune of spplicatbo as a credit against the sums secured by this Mortgage.
3. Appl{eatiaa eft )rrpraei. Unless applicable law provides otherwise. ap paymeWS rotxived by Fender under the
Nobs and paragraph 1 sad 2 hereof :hall be applied by Lender fltst in payment of amounts payable to Lender by Borrower
tinder paragraph 2 hereof, then b iatecest payable on the Note. then to the principal of the Note, and then to interest and
principal on any Future Advances.
4. CWger, IJeaa. Borrower shall pay all taxes, assessment: and other charges. fines and impositions attributable to
the Property which may attain s priority over this Mortgage. artd larsehold payments or ground rents, if say, in the meaner
provded under paragraph 2 hereof or. if not paid in such manner, by Borrower making- payment, when due. directl)? b the
payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due ands this paragraph, and in rtes event
Harrower :ball make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
Borrows shall promptly discharge any lien which has priority over this Mortgsge; provided. that Borrower shall not be
required b discharge any such lien so brag as Borrower shall agree in writing to the payment of the obligation secured by
such lien in a manner aooeptabk.to Lender. or shall in good faith contest wch Ikn by, or defend atforrernent of such lien in,
legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any put thereof.
S. Hind Iawraaea Borrower shall keep the improvements now existing or hereafter erected oo the Property insured
againK loss by fire. hazards included within the term "extended coverage". and such other hazards ss Lender may require
and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
such coverage exceed that amount of coverage required to pay the wins secured ~y this Mortgage.
'Ibe insurance carrier providing the inwranoe shall be chosen by Borrower subject b approval by Lender. provided.
that strclt approval :ball not be unreasonably withbeW. All premiums on inauanoe policies shall be paid in the manner
'i provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. when due, directly to the
inwrance cutler.
AU insurance policies sad renewals thereof shall be in form acoeptabk to Lender and shag include a standard mortgage
clause in favor of and in form acoeptabk to Lender. Lender shall have the right to hold the pdicies and renewals thereof.
and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
~ Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loos if not made promptly
by Borrower.
Unless Lender and Borrower otherwise agree in writing. inswance proceeds shall be applied to restoration or repair of
the Property damaged, provided such restoration or repair is economically feasible and the security of this Mortgage is
not thereby impaired. If such restoration or repair is not economically feaaibk or if the security of this Mortgage would
be impaired, the insuratroe proceeds shall be applied to the sums secured by this Mortgage, with the excess. if any, paid
to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender
is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
or to the surtts secured by this Mortgage.
Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
such installments. If under paragraph 18 hereof the ProE,erty is acquired by Leader, all right, title sad interest of Borrower
in std to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior b tlx: sale
or aequisitioa shall puss to Lender to the extent of the sutra secured by this Mortgage immediately prior to such sale or
acquisition.
f. lreeerratioa sad Mlaioteaaace of Properly; I.tarehold~ Condomisiuro~ Planned Unit Develormewls. Borrower
:hall keep the Property in good repair and shall not commit yvaste or permit impairment or deterioration of the Property
and shall comply with the provisions of any lease if this Mortgage is on a leasehold. If this Mortgage is on a unit in a
condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under the declaration
or covenants creating or governing the condominium or planned unit development. the by-laws and regulations of the
condominium or planned unit development, and constituent documents. if a condominium or planned unit development
rider is executed by Borrower and recorded together with this Mortgage. the covenants and agreements of such rider
shall be inwrporated into and aball amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
7. Pra/ectioa d Lender's Secsrfty.' If Borrower fails to perform the covenants and agreements contained in this
Mortgage, or if any action or proceeding is commenced which materially affects Lender
a interest in the Property.
including, but not limited to. eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower. may make such appearances, disburse such
sums and take such action as is necessary to protect Lenders interest. including. but not limited to. disbursement of
reasonable attorney's fns and entry upon the Property to make repairs. If Lender required mortgage insurance as a
condition of making the loan secured by this Mortgage. Borrower shall pay the premiums required to maintain such
• .insurance in effect until such time az the requirement for such insurance terminates in accordance with Borrowers and
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