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Utgr~otut Ott+reau?t+ts. lott+ower srsd Ltta~der ooveeaat and epee ss follows:
Iltpruswt of hircyel r i.Itsa~M. Borrows slap promptly pay when due the principal d and interest oa the
:tsdebtedrsas eriideaoed by Ilse Note. pepaywent sad Iue dtargcs n prorided is the Note. sad the priiacrpal d and
ca sap Future Adraoces weaned by this Mertprge.
lr.dr far 'Tatars r Iwtiea Stirbjat to applicable law a to a wtiutew waiter bye t.ertder. sort~ower :Asp Pay
b Leader oa the day trtootNq iastalltaatts d principsl and interest are payable under the Notq until the Note is paid in itch.
a ww (hob 'Fuods'7 etttal t0 otte•tweffth of the yearly taxc~ and asatxsrnasts which ntsy attain priaity Deer this
Matjage, std gtt~uad teats oa the Ptoperq, it say. plus otae`twdttls d yesry petaitrs instanrnatts fa horsed insurance.
plus one-hrdith of yarly pr+esins ittatallerasts fa rrsortsafae insurance. it aer. all ss reasorsabiy mated initislly and from
time to time by Lrer aw the bats d ~ssnteats sad !ells and reasonable atlases tlseroof-
'!be Fuadc :loll be bdd is ao irtstitutioa the depaua a aocotntts d which see iostned a gtaraateed by a Federal of
state agascy (indttding !.coder if Isnder is tatdt an institution bender shall apply the Foods to pay said taxes, assessrtseat:.
iawtraooe prrnnitaes sad possed teats. Lender nay not td~arge for so sad applying tl+e Fu„ds. analysing said account.
a rerifyirsg~rsd oomp7itsg said asaessataus and bilk. unless Leader pays Bonower iruaest oa the Funds std appliabk law
pamils Deader to note such -a charge. Barnwer std Lender may agree is writing u the tithe d execution of this
Mortgage that igtetest oa the Fvds shah fie paid to Borrower, attd udess such agreaatat is made a appliabk law
t+equites such iotaeit to be paid. Lender shall not be roquirod to pay Borrower say interest a graiags on the Furls. lersder
shall pre to BaroNer, without tdsarge. as annual aoootratiag of the F,uadt :howlers credits sad debits b the Funds std the
purpose fa which eat3 dt~it to the Funds was made. The Funds are piodged as additional security to the stntts secured
~ )ff thethe attwtrrtt d tbte Funds fill by Leter. together with the future ®ootltly utstal d Funds payable prig to
the due data d tattRS, asstasraaou, iawr:ooe preraitrats attd genteel taus, sba8 a:.Deed the aniasnt enquired to pay said taxes.
aparmeats, ioarraooe premiums sad grotrrtd hots a: they fall due. such excess shag be, u Borrower
s option, either
promptly repaid to Bamwer a aedited to Borrower ow awatNy installaaus of Funds. if the amottat of the )Funds
held b~ Deader shall oat be str6cieat to pay taxes, ataessasents, mstrraace premiums and gtastrsd tau: ss they fall due.
Hort~ower shall py m Lender say aosotsm aeoessary to mate up the de5cieacy within 30 days from the date notice er mailed
by Leer w Borrower regaatias Parma t~'~-
Upoa payaeat io fun of an strmt ttoc„red by this Matgage. Leader shah promptly refund to Borrower any Funds
btdd by Lender. If reads parasrtsph 18 hereof the Property is soil a the Property a otherwise acquired by Lertdu. Lender
shall apply, rso late than immediatdy p~riior to the sale of the Property a ixs aogttrsrtan by Ltosdcr. say Furls held by
Ltsoder at the time of application as a credit sgahsst the sums secured by this Mortgage.
3. A~1'ieliaa ,If l4meats. Unless appircabk law provrdes Otlsenrese. aq payments roeesved by Lender under the
Note sad paragraphs 1 and 2 btxeof shelf be applied br I-coder first in payment of amounts payable to Lender by Borrower
under paragraph 2 ber+eof. then to interest payable oa else Nae. then to the principal of the Note. and then to interest and
principal oa any Future Advaaoes. ,
1. (.1sr~ Liieas. Borrower shall pay a8 taxes. assessrrsents and other charEes. fines and impositions attributable to
the Property which may attain a priority Deer th,s Mortgage. and tcaselsold payments a ground rents. if any. in the manner
pmridod under paragraph 2 lsneof a. if not paid in such manner. b? Borrower making pzyaxnt. when due, ditoetly to the
payee tlsateof. Borrower shall promptly furnish to leader au hotter: of amounts due under this paragraph, sad is the event
Borrower shag make paym«u directly. Borrower •shau promply furnish to lender roaeipts evidencing such paytrtenu.
Borrower shall promptly dtscbarge any Ilea wlsich has pnonty over this Mortgage: provided. that Borrower shall not be
required to discharge any such lirn so bog as Borrower shall ague in ..Hang to the payment of the obligation secured by
such lien in a manner aoocpabk to 1.ender. or shall b good faith contcu such lien by. or defetxl enforcanent of such lien i0.
legal prooeedirras which operate to prevent the eaforcertscnt of the hen a for[ature of the Property or any part thereof-
S. Hmrri Iawtaaee. Borrower shall keep the unproveatents nos exerting err hereafter erected oa the Property insured
against bas by fue. hazards included within the term "extersded coverage". and such other hazards u Lender may require
and in such amounts and for such periods as Lender may require: provitiod. that Lender :ball not require Thu the amount of
suds coverage exceed that amarnt of coverage regwred to pay the sums secured by this Mortgage.
'Ibe insurance carrier providing the msaanoe shall be chosen by Borrower subject to approval by Leader. provided,
that such approval shall not be unreasonably v,rithlsdd_ All preauums on iawrance policies shall be paid in the manner
provided under paragraph 2 6ert:+of ot. if not paid in such manner. by Borrower making payment, when due, directly to the
insurance carrier. _
All inwrance pdicics and renewals thereof shall be in form xceptabk to Lender and shall include a standard mortgage
i clause in favor d and in form acoeptabk to I..ender_ Lender shall have the right to hold the policies and renewals thereof,
{ sad Borrower shall promptly furnrsb to leader all rcr,cwal narces and all receipts of paid premiums. In the event of loss,
t Borrower shall g,vc prxnpt notice to the ,murance amcr and l~ersder. Lasder may make proof of loss if rsot made promptly
by Borrower.
# Unless l.rnder and Borrower otherw~rse agra in wnang. insurance proceeds shall be applied to restoration or repair of
the Property damaged. provided such restoruron a repa,r ,s economically feasible and the saurity of this Mortgage is
~ not thereby impaired. It such restoration or repair er ~x ccoramicalh (easibk or if the security of this Mortgage would
be impaired. the insurance proceeds shall be applied to the sums securaf by this Mortgage. with the excess, if any, paid
to Borrower. If the Property er abardasod by Borrower. a if Borrower folk to respond to Lender within 30 days from the
~ date notice is ma,lod by [..ender to Borrower that the ,nsuranoe artier offers to settle a claim for inwrance benefits, Lender
er autborizcd to collect and apply the insurance proooctils at I.cndci
s option other eo restoration or repair of the Propene
or to the sums secured by this Mortgage.
Unless Lender and Borrower otherwise agree m wrung. any such application of proceeds to pr,:kipal shall not extend
a postpone the disc date of the monthly installments referred to m paragraphs t and 2 hereof or change the amount of
~ such installments. It urder paragraph 18 beroof the Property s xgwred b} Lender. all ngbt, title and interest of Borrower
in sad to any ihwrance pdicies a,>,i in and to the proceeds thereof result,ng from damage to the Property prior to tlsc sale
or acquisition shall piss to Lender to the eitent d the sums secured b} this ~tortpagc immediately prior to such sale or
acquisition.
f. )rresrrsa6oa aa,t ~tastcaaacY of Propert}: Leasehot,l~ Coadwuair~ I'laaad trait 1Derdopascds. Borrower
shall keep the Property is good repair and shall not oomruit y?aste or permrt impa,rmrnt or deterioration of the Property
= and shall comp)} with the provisroos of any lease d th,s \fortgagc ,c ors a kasehold_ It this Mortgage er on a unit in a
cortdomiruum or a planned tint! deyeiopntcnt. Borrower shall perform all of Borrower s obl,galiats under the declaration
a covenants creating or governing the condorn,mum or planned un,t devekprttent. the by-laws and regulations of the
condominium err planned unit deselopnsent. and ccw?siituent documer:ts. If a ccxKiorninium or planned unit development
rider is executed by Borrower and recorded t,~gethcr w,th this iortgage. the covenants and agreements of such rider ~
shall be incorporated into and shall amend and supplement the covenants and agreements of th,s Mortgage as if the rifer
were a part hereof.
7. f!rotectioa of Lea,ie,'s Secttrfly. if 8.~rroMer fa+1. to f+trform the covrnants and agreements contained in this
3 Mortgage. or if any action or proceed,ng ,s t.xnmenied wh,.h matcrialh affects Lender's interest in the Property.
including. but rxvt hmued to. cm,ncnt donuin_ ,ns.vlve*w?. c.~de entorcemtrt_ or arrangements or proceedings invoking a
~ bankrupt or decedent. then Lender at l ender': ~ptian. ,;pen ncvt,ce to Borrov?cr. rn:rs make such appearances. disburst such
sums and take such actixt as rs rxcessar} tc. prxt:t Ixnder"s interest. ,nC!uatmQ_ but -not limned to. disburserttent of
reasonable attorney's tees and rntry upon the Prepcrt} to make rep:~rs_ If i_ender required mortgage insurance as a
cordgion of making the Man secar,xf by the ~feneaee. B,~rrowcr shall pay the premiums required to maintain such
insurance in effect until wch tome as the reyuucment for ~uih insurance trrm,nates ,n ac:ordance w,th Borrowers and
• e:: ~X 318 F~GE~~•]~