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Ustttrottet Ooyaaatt». >torrowar attd Leader cowaant and agree a< follows:
>llq~ant of >hYeiw ttttd itleessl. Boreowar shall promptly pay what dw the principal of sad itttenet oa the
indeblednees svitietroed by the No1tr, pnpeymart sad IaN drarga s: provided in tM NoN. attq the principsl d anti itreotMt -
sst aapr Putrrs Advanps eacwsd by this MatdaM.
lltai fart lte~ts tress Iaesettwei. 'abjad ~ applictrble law or to a wtitlal waiver ~ Lssrder, >totrow'ar shah ph
a Lstrder oa tM day beefalpaerrts of principal and intteat ire. payable under the No1s, until the NoM is paid iw tuM:
a tnt¦e Qtaeiu "Prods") agttai eo onatarotfdt of dyes yearly tattCs sad aasaaeeab which tray attain priority over this
>Ifattpga. fwd gt~owld entry oa the Property. ~ sty/. pith oaetwelfth of yerulf pteerittttr ittataNmara_tor hatsud rroruanca.
pWa otertwsiftb of year4? peesiwn itataUmarb for mortgage imuranoe. if atty. aN as reasonably s~ianaMd itdtiallp and fnosq
time do titsre by Lander oo the basis of assessments and bilk and reasonable sstitrrata thaeof.
'11ra Ftnrds sbaB be Mld in as iastittriion ilre deposits or scootarts of erhich ors itrsterad or gwraateed by a Federal at
teats agatcy (including ldetder iE Larder is such an institution). t
eadOr:haU apply tba Fonda Io pay said tazea, aaebtnatb,
' iaeartroea prattdrttrre and ground reefs. Leitch may not for sa holding and spplyiag the Fltadsr. aralye3trg said aeooutN.
a veritying..aod ooeapiliag said atae::nrart: and bilk, unless Leader err 9orno!wer interest oa the Fund: and appligbN law
pannits Lander to males ttech a charge. Borrower and Leader tray trpw is lerisag a< the tithe of execwion of this
~ _ tm the °r
~ ' ~ ~ ~s ~ '_v_ _ _ k r„ade er aedicabla law
requiees tstch ialetest a be paid. Leader shall na be required to pay Borrower any itrtetest or eamiags on the Futtds. Lender
shall give b Borrower, wttbout tmarge, an annual socotrrrtiag of the Funds showing sedib and debits to the Futrtis and the
purpae for which sat:6 debit b the Funds was amide. 'Ibe Furls aro pledged ss additional aectuity for the suers secrtred
by this Moeyage.
II the ataorwt o[ the Funds held by Larder. together with the ftrtute monthly installments of Funds pa~rabk prior to
the dos dates of taxes, aaeanreats, iaarratroe peemiwm and ground tents, shall exceed the amount roquited to pay said taxes,
asseset~arts. iasuraaoe premiums and ground tents ss they fall dues. such enrols shall be. at Borrort?er's option. dthet
p~oasptly repaid to Horrowert or aedited to Borrower oe rrroathly iwtaldnarts of Funds. It the anrotrat of the fitradt
bill by Laadsr-shaU sot be wldcieat m pay taxes, tttasaaeat:. iasuraaoe pntmiwas std geoutd rants a. they fall dues. .
Bottotter stirs)) pay to Lender any amount aetxaary to mats up the de&ierrry? witbiu 30 days from the date notice is mailed
by Iwnder tD Barowec regttestiag paynreat thereof.
Upon payttseot in full of all attm secrrted by this Mortgage. Lender shsU promptly refund to Borrower any Funds
held by Leader. TZ undo paragsap6 181ra~eof the Property is sold or the Property rs otherwise acquired by Lender, Lender
ahaU spply, ao later thm ~medjatdy prior to the sob of the Property or its sogtrisition by Leader, any Funds held by
Lender s< the time of application as a credit against the sums segued by this Mortgage.
3. A~iitadau sf lgmeals. Unless applicable law provides otherwise, all payments received by Lender under the
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rnA~r by Anrnwrer
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under paragraph 2 hereof, then to interest payable oa the Note, than to the principal of the Note, sad then to interest and
ptinapal on soy Future Advances.
4. Chtttges•. Liie¦s. Borrower shall pay all taxes, assessments and other charges. tines and imposiCrons attributable to
the Property which may attain a priority over this Mortgage. and leasehold payment: or ground rents, if any. is the manner
provided under paragraph 2 hereof or. if not paid in such manner, by Borrower malting payment, whoa due, directll? to the
pare thereof. BorroMra shall promptly furnish to Leader allrwtioes of atooums due under this paragraph, and is the sveat
Borrower shall make psyaeeat directly, Borrower shall promptly furnish to Lender recdpts evidencing such payments.
Borrower shall promptly docbarge any lien which has priority over this Mortgage: provided, that Borrower shall sot be
required to discharge any such lien so long as Borrower shall agree in writiirg to the payment of ibe obligation sectrr+ed by
such lien in a manner acoeptabk to Lender, or shall in good faith contest such lien by, or defend enforcement of such )lest in, -
kgal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or say part thereof.
S. Lrtsari l~aasaaaY. Borrower aball keep the improvements now existing a hereafter erected oa the Property insured
against loss by fine. hazards included within the term "extended coverage", and such other haurds as Lender may require
sad in such amounts and for such periods as Len<kr may require; provided. that Lender shall not require that the amount of
E such coverage exceed that amount of coverage required to pay the sums attuned Eby this Mortgage.
E 'lire insurance carrier providing the insurance shall be chosen by Borrower wbject to approval by Larder. provided.
that such approval shall not be uareutortsbly withheld. All premiums on insurance policies shall be paid in the manner
provided under paragraph 2 hereof or. if not paid in such meaner, by Borrower making payment. when due, dir+ectiy to the
imuraatx carrier.
All insurance policies sad renewale thereof shall be in form aceeptabk to Lender and shall include a standard mortgage
clause in favor of and in form acoeptabk to Lender. Lender shall have the right to hold the policies and renewals thereof,
f~ sad Borrower shall promptly furnish to Lesley all renewal restless and all rtceipts of paid premiums. In the event of loss,
f Borrower shall give prompt notice to the insurance carrier and Linder. =Lender may make proof of loo if not made promptly
by Borrower. -
i - Uakss Larder and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of
F the Property damaged. provided such ratoration or repair is economically feasible and the sxurity 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 irauraaoe prooeals shall be applied to'the suers secured by this Mortgage. with the excess. if any. paid
to Borrower. U the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
date aeries is mailed by header to Borrower that the insurance carrier offer to settle a claim for insurance beneSts, Larder
is authorized to collect and apply the insurance proceeds at Lender's option ether to restoration or repair of the Property
or to the sums secured by this Mortgage.
Uakss 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 1 and 2 hereof or chance the amount of
such iasWlmeots. If under paragraph l8 hereof the Property is acquired by Lender, all right, title and interest of Borrower
in and to say iluutance-policies and in and to the proceeds thereof resulting from damage to the Property prior to tin: sale
or acquisition shall puss to Leader to the extent of the sums sceured by this Mortgage immediately prior to such sale or
acquisition.
t f. Praervatba sad Maiateoaace of rroperty; Leaseholds; Condomialtturs; Placed Uait ifle.eloprrre.ts. Borrower _
shall 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 Borrowers obligations under the declaration
or eoveoaats creating or governing the condominium or planned unit devebpment. 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 bry Borrower and recorded together with this Mortgage. the covenants and agreements of such rider
shall be incorporated into and shall amend and supplement the covenants and agreements of this Mortgage as if the rider
were a part hereof.
Prolectioa of Leader's Secarity. If Borrower fails to perform the covenants and agretaxnts contained in this
Mortgage. or if any action or proceeding is commenced which materially affects Lender's 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 praect Cadet's interest. including. but not limited to. disbursement of 1-:
reasonable attorney's fees and entry upon the Properly to make repairs. If Lender required mortgage insurance as a
condition of making the loan secure) by this Mortgage. Borrower shall pay the premiums required to maintain such
insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrowers sad 1
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