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• ~ - ~ LSD a11~NNtllt!rM.t9ercowes=shaM p1~ay when dw theprtr?o1pa10l andintrr+sN oRtne
in,.d,eby~~wserid~nvid~MM~rpt~e0!a41aN~h~~l~~dfrtdintf>~of~:i~lt~ P~o~iDatafAlod~ inter
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9. Ffands ibrTeuas and inetuanoe. 3ub~ect to applicable law or to a written waiver by Lender, Borrower shall pay
t0 Lehdei"b~M6 dtK?fitaerrUly inetrlltnenlsotprinWpNarxffitaenestardperyable under the Note, until the Note is paid in full.
a etar~~tt~in~,~utd~.~gtNl •dfit ofabi;y~uty Mtn end :asaY~en>~ ~t?kh;rnay. Rttaiin Prioriix~xec-~
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lirY~`b tfiiib by_ fS11`ti1i6 fib df as~easments and bets an¢ sonetaie triereot. -
Tf~~~~'s~F~lt~tit~i'lf+dt'd~f~iiiNd~opaiAt~`~titilltrh:aM~`irts~~f~+4lishettriied`ti~l~`~~Itibi~#cx
state aaency(includirq Lender if Lender is such an institution. lender shall apply the Funds to pay said taxes. assessments,
insurance q~dgtuund rents. lender may Phargeiorso holding and applying the Funds, analyzing said account,
averifyingpi0i~aerinpilkgeakd a~.~.~~-d~~ pays Borrower intereeton the Funds artd applicable law
permits lender to make such a charge. 8ort~ower a ender may agree in writing at the time of execution of this
Mort~ga,ge that interest On-fhb Fsrnde ti?t8!!~0_`D.aid t0 Bo?.r~er..~hd-ynle~a~~u~Gh B~e~nt ~~-n-n~>saq~~?.~'+ga~~l~~ilaew
r~i~ieii ~d1 inferef<tt~ the psi nderl4~~~~t~~d~ y i~~~pyvproMiifig
~i~
tined
dabs `td'
deb Furx~is
and then
shall give to Borrower, without C . ~f1 nn ti the F t~ •s?~ is
purpose for whkh each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
by this Mortgage. - .
If the amount of the Funds hekd•by Lerrdef. together with the future monthly installments of Furxds payable prior to
the due datesdtaxes, assessments, snsuranoe premiums and ground rents, shall exceed the amount required to paysaid taxes,
assessments, insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's option, either
promptly repaid to Borrowe,tQr it to Borrower on monthly installments of Funds. If the amount of the Funds
held by Lender shalfno#t>ii'sNlffk~e?~ay taxes, assessments. insurance premiums and ground rents as they fall due,
Borrower shall pay to Lender any amount necessary to make up the deficiencywithin 30 days from the date notice is mailed
by Lender to Borrq.~r regges~;paNrt?er~ ~~}V.f<1 c.
Upon paymegt,iR,fyll q~afl s ~ec1Me$bysthis~lotig L shall~rorrrptty refund to Borrower any Funds
held by Lender. It 1],r~ N~~agt 4 ~s sQi r tfie Property is otherw'~ acquired b
y lender. Lend {
shall apply, no later imiriE~~nMt..
Y . • !htr saM of they or its acquisition Lender, an Funds held
Lender at the timsdt':a~li~Mort-Ys t#taretili a!g~t~dt ~~sbtns~'s~ecured by this Mortgage.
9. AppllcMlon d Psyrnerrfs. Unless applicable law provides otherwise. all payments received by lender under the
Note and paragraphs t and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
principal on any Future Advances.
4. Charges; flees. Borrower shall paya0 taxes, assessmentsarxd othercharges, fine$and impositions attributable to
the Property which may attain a priority over this Mortgage. and leasehold payments or gourd rents, if any, in the manner
provided under paragraph,? hereof.or, if t>Qt gait! in such manner. by Borrower making payment, when due, directy to the
payee thereof. Borrower shall promptly famish to Under alltti3tie~,of amounts due under this paragraph, and in the event
Borrower shall make payment directly.. Borrower8hel( promptly_fumish to Lender receipts evidencing such payments.
Borrower shall promptly d ~ ge any lien which has priprity over this Mortgage; provided. that Borrower shall not be
required to discharge any uC~
lier~ad , ~s r sha';U 8gr!eein writinglp the payment Of th~.odtigation secured by
such lien in a manner a to'Lerd~ s~allfin ' fdithooyiMst such lien by, or defend enforcement ofsuch lien in,
legal proceedings whkh operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
S. Masand Inswsnoe. Borrower shall keep the irrKxovements now existing or hereafter erected on the Properly insured
against loss by fire, hazards included within the term "extended coverage",and such other hazards as Lender may require
and in such amr~ts far soh periori>< i~¢, f`erAd~ar require; provided, that !.ender shad of require that the amount of
such COVer~ 87~C@, f CQ. _ , t0 tt1@~ r ttijs,~c~ J
The insUra nom" t~ .°tAa c 4~'~or~ y~~,[_sUtijeot"to ~ ±~?~~'t fxovided.
that such ' stiaii not~~freason witF` lea prh~mb orrin~itkance f~1i abet! did fh the manner
~I provided ~otfi3r peragtsipti ~ tieri3iol df, if rids insiit~tnaAner, f3y~brFo`~Jer ariakln~g prlyrirent, wf~ian dus, directly to the
insurance canter.
AN irt8urancel poll adrenewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
~ Clause in tavo~
otart~'iri i~rri
a~,gjable to Lenc~r. larder shall hayg the right to t'lo1¢;th~ pglioies and renewai~ thereof,
and Borrower gfiall prompty furnish to Lender ail renewal; notices and all receipts of par premiums; In
tTie event of loss,
f~orrrn~t shat! give"prompt fatk:e to~hQ Insurance csrri'er aric9 Ler4der.'Lenderrnay make proof Of loss if not rtiad~promptfy
' Unless Lenderand borrowero3herwiseagree Inwriting,.insurance.proceeds shell taeapp~ied to restoration or repairof
the Properly gad..Plovided Stich restoration,gt.repair is,ectMtaf??ioa;Nli.feasiple atxd:the_ eGy/siX:Qt Phis Mortgage is
not thereby impaired If such restoration or repair is not economically feasible or 'rf the security of this Mortgage would
be impaired, the insurance proceeds shall be applied to the sums secured by this Mortgage, with the excess, ff any, paid
to Borrower. If'tflA Pt~fperty=i$ abandorN9ri dy Borrower, or if Borrower fails to respond to Lender within 30 days from the
date noticcis mailed l~rL~ender to$orrowe~ thatfhe insurance carrier offers t0 settle a claim toe insurance benefits, lender
is autlwrized to.coNsotand appy the insurance prorsseds at:Lender's optipn ~ft~r~tO.reStOretion ocrepair of the Property
Or t0_f~~:S~lRls S$CUr$d b~/ tf~IS (1~rt S- r ~ r : n ~ . ; ~ t..- _
- tlflfeSS Ler~jer at1+~ B.orrgwec:~agr~e inwnUtrg. anyi;uch application of ~toceedS to Qrincipal shall not extend
or postpone that due date of the inbnthy installments referred to in paragraphs; 1~ and 2 heriedf~r' change the amount of
such installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
Or acquisition shaltpass to !,:ender to the extent of the earns secured by this Mortgage immediately prior to such sale or
Borrower shall keep the Properly in good repair and shall not commit wasto or permit impairment or deterioration of the Pro-
early and shall comply with the provisions of any leaserf this Mortgage is on a leasehold. If this Mortgage is on a unit in a
condominium or a planned unit devebpment, Borrower shall perform all of Borrowers 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
I rider is exeGute~ gy.Qorrower and recorded t ther.w4th this Mortg~. the covenants and agreements of such rider
shail~eincorporated in'td and shell amehd and supplemen3 the covenants aiM agreements of this Mortgage as if the rider
were a part tieieof.
7. ProbCtlon Of L~Nrder's S~ttcttt?. If Borrower fails to perform the covenants and agreements conta~i~. ed in this
Mortgage, or 1f- 2iiry action or proc5eeditig K commenced whi~iaaat~lfy~ affects' tenders interes~• ~ir1` fhb' Property,
- including, bu! no! limited to, eminent domain, insolvency, code enforcement a arrangements or proceedings involving a
bankrupt or decedent, then Lender at Lerxlers option, upon notice to Borrower, may make such appearances, distwrse such
sums and take such action as is necessary to protect tinders interest, including, but not limited to, disbursements of
reasonable attorneys tees and entry upon tpQa~a~lender required mortgage insurance as a t
condition of making the loan secured by thil y the premiums required to maintain such
~ insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrowers and
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