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UNIFORM Govt h~~r7s. borrower and Under covenant and a?;rrr as follows:
1. Payment of Principal and interest, horn+wer shall pnunptly pay when due the principal of and interest on the
indebtedness ccidrnced by the Note, prepayment and Lttc charges a, provided in the mute, and the principal of and interest
on any Future Advances secured by this Nartgagc.
Z. Funds for Taxis and insurance. Subject to applicable law or to a written waiver by Linder, Borrower shall pay
to Lender on the day monthly installments ~f principal and uttere.t are payahle under the Note, until the Natr is paid in full,
a sum (herein "Funds"? equal to one-twelfth of the yearly taxes and asscssntents which may attain priority over this
~turtgagc, and ground rents un the Property, if any, plus one-twelfth of yearly premium installments. for harard insurance,
plus one:iwclfth of yearly premium installments fur mortgage insurance, rf any, a!I as rcax?nably estinutted initially and from
time to time by Lender on the hest, of assessment.:utd hills and reasonable estim:ucs thereat.
The Funds shall be held in an institution the depc+sits ur :ucounts of which are insured or guaranteed by a Federal or
state agency linrluding Lender if 1_ender i. such an imtitutit+nl. Lender shall apply the Funds to pay said taxes, assessments,
insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, :utahzing said account,
ar verifying and compiling said assessments and hills, unless Lender pays Borrower interest on the Funds and applicable law
permits lender to make such a charge. Burrower and l.rndrr may agree in writing at the time of exet:ution of this
Mortgage that interest on the Funds shall he paid u? Burrower, and unless such agreement is made or applicable law,
requires such interest to he paid, Lender shall nut Ix reyuirrd to pay Harrower any interest ur earnings on the Funds. Lender
shall give tc• Barrawer, without charge. an annual accounting of the Funds showing credits and dehits to the Funds and the
purpose f:+r which each debit to the l=ands was made. Thr Lands are ph.•ciged as additional sec:urih- for the sums secured
by this ~lartgagc.
]f the amount of the Funds held by Lender, k+krthcr with the (afore momhly installments of Funds payable prior to
the due datcs~of taxes, as,rssntcnts, inurance premiums and ground rents. shall exceed the amount rcyuircd to pay said taxes,
assessments. insurance premiums and ground rents as they fall due, such excess shall be, at Korrower's option, either
prompth~ repaid to Borrower or credited to Bt+rruwcr un monthly imttNments of f=unds. If the amount of the Funds
held by Leader shall nut be sufficient to pay taxes, assessments, insurance premiums an.I ground rents as they fall due,
Borrower shall pay to Lcndcr any ann?unt necessary to ntakc up tln drticirna:y withut 30 day, from the date notice is mailed
by Lender to Borrower reyursting payntrnt therc.~l.
tip++n ~rayment in full of all sums sr.:ured bt this Stortgagr, I.eudcr shall promptly refund to Burrower am• Funds
held by Lender. If under paragraph Is hereof the Property is sc+Id or the Properly' is othetw•ise acyurrcd b}' Lcndcr, 1-ender
shall apply, no later than immcdiateh• prior to the ,air ,+t Ihr Property 'or. is y~~w3rUon by i.cnucr, any i~unds i+ei+i fij'
Lender at the umr at application as a credit against tha:,,w4t> aeurresl. b~ th,} Slr~tg:}~~y ;
3. Application of Payments. l;nlcss apphaxthtr lads pri+s.i!(rs othrns,isc, pll p:~ments received by Lcndcr under the
\otc and par:tgrtph, I :,nd here,>t shall be applied by I.cnclet fini in •paj rtun~~o>Pa (~Firi(~' ~payr:tbl~~ir+ I.rnder by Borrower
under paragraph ' hereof. then to intrust payahle nn the fVote.dhrn to the principal Ot-the Not~.and then to intrust and
prsn;.rpal on any Future Advances.
4. ('hart;cs; 1-ions. Barra+wrr ,hall pap :ell fasts, assessmcnp :md ~+thrr charees. fine; an.l :mpu,itiunc attrihuGehle lu
the Proprny wfaih ntas attain a priority over this Mortgage, artd leasrholcl payments ++r gra~utd rents, if am'. to the manner
iuov,drd under paragraph 3 hereof or. ,1 not paid u? such manner. ht &+rrowcr making payment, when due. directly to the
paler [t;ruof. F3+vro+s::r shall prun;ptly funush to Lender all nooses of amounts riot under th+, paragraph. and in the event
liurruwer shall make payment directly, Burrower shall pnsrnptly turnuh to Lender reieipts r+idencmg such payments.
l3orrowrr sh:+il pn+mpth• etisih:,rEe any lien whea:h ha+ pnunty- u+er this ~~9urtgagr: prus•idcd, th,,t Borruwrr ,hall nut tx:
reyuued R~ durh.+rer .uty ,uih flan u+ long as Borruwrr shall :+grce in ,+ritrng to the payntrnt of the ablrgatirn secured by
wch Iron in manner a•~crr•tahle I ender. ur shall in g++ad Leith cante,t such lien hy, or .iefrn,t ~•nfurtrmrnt of ,uch lien in,
legal pn+treding: sshich uprrat~ h+ percent the rnf+~rremrnt of the lien ur furfriturr of the Property or any cart thereof.
5. Hazard hnarance. t3ormwrr shaft keep the rmproacmrnts n+na esi,ung +,r frerrattrr erected an the Pr++pcrty ensured
.,,~autst la,, hr ;ire. hazards iethxled witn?n the term '~rstrndrd cusrrage", and such other hazards as Lrndrr may nyurre
.+nd ,n such :+m,+unts :end for s+:~ h l>•sr:ods a, Lcndcr Wray require: pros idrd. that I.endrr shall not require that the amount of
,+uch ~osrrace rsccett that amount of cusrraee reywred t.+ pat th+• ,;nu, ,rtuud hs this ~tancagr.
The in;uranc: ,artier prrn•idin~ the inst,r,,ncr ;h:rN tx ~hostn by Br~rrut+~r subject tr approval by Lentler: provided,.
that suite ap{+r,++al ,};a11 n++t Ix antra,.+nahic withheld. All prrnuum; ++n imuruur p++hcres shall he paid ut the manner
::r.+s•rded under p;+ragr;tph 2 hereof ar, it nut paid in such manner, hs' B.•rrt+sser makinc payrnrnt, whin due, directly to the
insurance earner. •
All insurance p•+hcir, anel one:+,ds thetas+t shall tk in form :,icet+tahlr to l.rtrdrr and sh:,ll ,niludr a standard mortgage
tlau•.r in l~;+vnr nt and ?n form :+.ieptai?le to I.rnder. Ixnder ;h,+ll ha+e the right to hold the p++iii,rs and rerx•wals thereat.
.+nd Barr,+sser ,h.,ll pn+mpth furni,h to I ender al! renewal nuhces and all receipts of paid prenur+nt,. In the esrnt ut loss.
&+rra~sver sh:+ll Lr.r pr,+::tpt nrt:~c h~ the insttr:+n_e iarner and Lcndcr. (.ender may make pn++•t of loss it net made promptly
lSarrasser.
l:nless l.t:,+der and B~rr•+a•rr othrna+.r acme in wntu+g. in,ur,utcc prorreds shall fx: applied to restoration or repair of
ter Pn,perts damaged. pr+••.:~le.i ,uch r~~torat+ur..+r rcpa,r rc++nanui:,lly Irasihle and the sciurity of thu ~forigagr is
nr.t lhrrchs' imp.,ncd. It ,u:~ cr,t.+rc:+.~n or rep:ur n not etunumr.all\' fe:,srF,lr or +f the sctunty of this ~fartgage would
h„ impaired. the msur:mcr prta.;ee.l~ ,h.at be ap++lird G+ the sums srcur.•d hs this Mnrtgagr. with the excess, if any, paid
t.+ Burr,+wcr. If the P;++prrt i, ah,u:dr+nrd hs Ba+rn+++cr, rr ii Borr+wer fails t++ resp+xtd to Linder within 30 days front the
:i;,tr Waller is rr.uird h_s '_rntiet to Kt+rr,~+srr that the uxur:+nce i:+rrrcr offers us settle a Maim for imurantr hrnefits, Lender
..uuhrrized to collect :u~.l apply the msxtrante proceeds at I.endrr's opt~un tither to rrstoruiun ur repair ~+t the Property
• ~ to the sum, sciurs:d h~ lifts ~tortbagr.
l:nkss Lcmlrr :u.d Borrower other,s„r agree m •sr:Ung, an; ,ugh al~i+li"+tiun of proceeds to principal shall oat estrnd
postpone the due d;:te of Ihr m:mthh installments referred to m paragraph. i ,uul ? hereof ur thanee the amount of
wih installments. It under paragraph It; hcreoi the Prup~rh rs atyurred hs f ender. all right, title and interest of Borrower
:n :+nd w ans insur.uu-e polities and in and tr the proceeds thereat rcurltrrtg to+m damage tc+ the Prapern prior to the sale
ur a~yuisr1wr+ shall pass to Lender to the rslcnt ++t the ,+mt, xtured M thi, ~1++rtgagc rtnrncdiatrly prior to such sale or
acyursrtior?.
6. Presersatiun and ~taintenancc of Propem: Leaseholds: ('undominiums; Planned Cnit Developments. Burrower
shall keep the Property in gu+~d repair and shall not rommi? w,tstr t•r permit in•p:unn~nt or detrrioratiun of the Property
;end shall comply ~?ith the provisions of am lease ,t th+, ~lurtgage rs ur: a i,:+seha+Id. It this \tortgagc is un a unit in a
tunduminunn ar a plaruxd unit fir+cl.+pmcnt. Borruwrr ;hall pert.nm ail of Bormwcr's uhl,gaUons under the drelaraUon
or tc+vcnants creating ++r gus~rnrng ilia ++vtdan-nuum or planned unit devei++pmrnt, the by-laws and regulations of the
Cond.+min.um or planne.l unit de:efopntent. ,u+,t constituent dotumrnt,. If ~ condominium or planned unit develapment
r,der r, executed h}' Borrower and ri.utdcd together wuh thn M•~rtgaf;r. the Covenants and agreements of such rider
,hall t;~ utcorpurated rota and shalt :,mend ,u~.l urpplcment the ,r~+rnant, and agrrrmenb of th+s Muttgage as rf the rider
weir a mart hereof.
7. Protection of Lender, Security. If Barrnwer fails u+ pcrf++rnt the tusen:+rts and :,greentents crntained in this
Mortgage. .v if any action ++r pr<+teed:erg a+mmenced wh,~,h materially atTeCts Lender's intere,t in the Property,
,nciudinL brit nut hmitcd to. eminent Born:++n, insulscncy. C+xlr enforcement. or arrangements or pnxccdings involving a
bankrupt or decedent. then Lender at Lender's option, up++n m+tice to Burrower. may make such appearances, disburse such
sums ;,rid take such :+Ctiun as is neces,ary t.. protctt Lender's ,nteres;. inClu+iing. but not hmitcd to. dishursement of
reasoeahle aR;+rors~, err, and r*•;ry uprr. the Property to make repair,. 11 Lcndcr rcyuircd mortgage irnurance as a
tundrunn of rna4.mc Chi loan ,stored hs this \f•+rte.+ee, Hanauer shall pav the premiums rcyuircd to maintain such
rnarranee it risrtt anal such time as ;hr re.inirrmcnt tar ,+rch mwranie tem~inates +n accordar:Ce with Borrower's and
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• 318 ~~GE 22? 4 - .