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UMt/OtM COVLMAt'rTa, ~ttrTOwK aril Lsadsr tovsrtant •rtd egret a ldlowt:
6 ~swsl tM Mss~t tttw Wsretf. Borrows chap prwrtplY pay tri'lttn dot tits principal d sad ialeratl on the
iadabtsdrtsss svidtsgd by tbs Nuts, prspsymsut sa0 late charges as provide4 in the Nots. and tits priricipal d trod intsrett
as asp Putttn Advnat tacttnd by this Mortgys.
Tttttr flat Tttsss twtl hwnsct. >;ttbjttt b applkatils law w b • tt+rittsn wttiva by Lstsda, Sorrows t#iss pop
b l.sadar stn the day tttoetthy? instalbseatt of principrl sod inirrest xrt: payable tinder the Hots, until the Hots it paid in full.
• tt+at pisrsin "Pt?nds'y egtul b oiwtwdtth o1 the ycsrfy~ ta>,s~ slid asssssrticnts which tt+.y attain priorBy ova this
Mnrtgsgs, and grtnind rents on the Property. it soy. plus oric-twslfth d ysarty prsnutba itsgallnicrits for hazard irtsutarics.
plot oiwtwdith of yearly prt:rnitim inuallrncnts to? trtortgage itistirsriu. if sap. ell K rsatonably sgirnsted initisfiy and ftotp .
tins to time by I.eadtr on the basis of astsssnients anti bilk an0 rsasonsbk tstirriata thered.
'[1ts Fetndt than tit hold in an institWic?n the: dsposits or account: of which errs instttsd of gusrstttttad by • Fedad or
slats agtxtcy (including !,ender if !.ender K taich an itistitutionl. I.sridsr shall apply the FuitOs to pay said tsxet, asstttrrisMs, _
iawrsncs premiums sad grouts rents- t sndsr may not cfisrge for w balding soil applying the Fttr?di. snalyriag said s~ccouM.
or vsritying tiitd compiling raid sssastrients and bills, unless tender pays Sorrows interest on the Funds and applicsbfri law
ptermitt Lender b malts ouch a charge. Borrower sad tender may spot in writing st the time of euaution of this '
Mortgap that intatiN on the Ptiads sliatl be paid to Borrvwsr. and unless strcfi agtsemrnt is made or applicable saw
rtiquitvs twcli intsrat to be paid. lxrids tJisll not be required to p.y Borrower any interest or arninp on the Funds. !.ender
shall give b Srxtows. without charge, an annual accounting of the Funds showing crtdiu and debits oo the Funds and the
purport for which ads debit b the Puads was made. The Funds aro pitdgtd ss additional sceurity for the surrts seeurad
by chit Mortpre.
II tbs aniouat d the Funds htdd by Lender, together with the suture monthly instsllmcnts of Funds payable pray b
slit dos dates of tattra, assasmeab, inwrance prerruums sod ground rent:, :hall exctod the amount required to pay aid tsxa.
sasetemtntt, iawrattot premiums and ground rent: as they faN due, such tutees shah be, at Borrowers option, either
protttptly repaid b $orrowet or credited b &orrowa on monthly inuallmcnt: of Funds. If the amount of the Funds
held by Leader shall not be tufl~st b pay taus, assasrricrttts, inwrar?ce premiums and ground retire sc they fell due,
Borrows tbsli pay b LraiOtr any attiour?t riocesary to make up the deficiency within 3t) days from tlsc date notice is mailed
by Ltadtt b Borrows valuating payment rheaot. -
Upon payrntnt in [all of ell sums stcuted by this Mortgage, gender shall promptly re/and to Borrower any Funds
heW by Ltitder. 1/ under paragraph Ifl heftto~ the Property is soW or the Property is ahtrwise asquircd by tender, tender
shall apply. no lass than immediately prior b the ask efrthtt P,rppeny or its acquisition by I,er?dcr, soy Funds ht~1d~ by
Lender st the tiros of applicstion :s a credit sgs,nst the tum~ secuiefh ty? tt~~INongage. '
3. AppBcatlais d layrtstaNs. Unless applicable law provides'otherwise, all payment: reccired by Fender under the
Note and patagrsphs 1 end 2 hereof shall be applied by Lender first ui payment of amounts payable to l.eridcr by Borrower
under paragtsph 2 htreot, then b interest payable on the Nae, then to the prineipal of the Note, end then to interest and
principal on any Putwe Advances.
1. Cttiir=a; 1.Ittss. Borrower shall pay all taxes. assessments grid other cha?gts. 6np and imps»hions attnbutabk to
the Progeny which may attain a priority over this Mortgage, and leasehold payments or gruurrd rents, it any, in the manner
pt~ovided under parapaph 2 hereof or, if not paid m such manner, by Borrower making payment, whratt dot, diroctly b the
payee therwf. Borrows shell promptly tarnish to Lender alt notit:es of amounts due under thin paragrsph, and in the event
Borrower shall make payment duoctly, Borrower shall promptly lurmsh to !.ender receipts evidencing such payments. '
Borrows shall promptly discharge any lien which has pnonty over this Mortgage; provided, that Borrowu shalt riot tit
required to discharge any such lien so tong as Borrower shah agree in writing to the payment of the obbgation secured by
such tiers in a manner accrptsbk to !.ender, or shall in gaud faith wnteat such lirn by, or defend enforcement of such liai in,
legal proceedings which operate to prevent the enforcement of the Tien or [orteiture of the Property or any pan thereof.
S. Hazard Iastirsiicc. Borrower shall keep the improvemenu now existing or htreatter erected on the Property insured
against loss by Ere, hazards included within the term "extended coveragr", and such other hazards as lender may reywrt
aiul in such amounts and for such pe?iods as Ixnder may reywre; provided, that lxnder shall not rtyuirt that the arrwunt of
such coveragr sussed that amount of coverage required to pay the sums secured F,y this Mortgage.
The itiwranct carrier providing the insurance shall ht chosen by Borrower subject W approval by Lertder, provided,
that such approval shall not be unreasonably withheld. All premiums on inswance policies shill be paid in the manner
provided under paragraph 2 hereof or, if not pai•f in such manner, by Borrower making payment, when dot, directly W the
inwrattce carrier.
All insurance policies and renewals thereof shall he in form acceptable to Lender and shall include a standard mortgage
clause in savor of and in Corm acceptable ro lender. lender shat have the right w hold the policies and renewals thereof, _
and Borrower shall promptly furor:h to Lender all renewal notices and all receipts of paid premiums. In the event of bss,
Borrower shall give pruaipt notice to the insurance carrier aril Ixnder. Lender may make prow! of loss if not malt promptly
by $orrowcr.
Unless !_ender and Borrower otherwise agree in wresting, inwranct proceeds :hall be applied to restoration or repair of
the Property damaged, providW such restoration or repair is economically feasible and the security of this Mortgage is
not thereby impaired.. if sixh reatoratwn or repair is nut economically feasible or if the secunty of this Mortgage would
be impaired, the inwrane:t proceuis shall be applied to the sums securul by-this Mungagt> wnh the excess, if any, paid
to Borrower. if the Property is abandoned by Burrower, or it Borrower tads to rpppnd to !..ender within 3U days from the
date notice ix marled by !.ender io Borrower that the insurance carrier o8ers to settle a claim for inwrance benefits, bender
is authorized to collect and apply the insurance proceeds et Ixnder's option either to restoration or repair of the Proptnv
or b the wins secured by this Mortgage -
Unless l.endtr and Borrower otherasiae agrce in wryting, any such application of proceeds to principal shall trot extend
or postpone the due date of the monthly inatallrnents referred to in paragraphs 1 and 2 herwf or change the amount of
such installmeata. If under paragraph 18 hereof the Property is acyuued by Lender, eel right, tick and interest of Borrower
in acrd to any ktsuran« policies and in and to the proceeds therwf resulting Crum damage to the Property prior W the sae
or acquisition shall pass to lender to the extent of the sums secured by this Mortgage imrriodiately prior to such sale or
acquisition.
6. hetervatfon end Maintenance of Property; Leaseholds; Condominirass; tlaaised t,'irdt pevt/opacw/s.. Borrower
shah keep the Progeny in good repair and shall not comrt7it yvaste or permit impairment or deterioration of the Progeny
and shall comply with the provisium of any lease if thn Mortgage is on a leasehold. It this Mortgage is on a unit m a
condominium or a planned unit development, Burrower shall perform all of Borrower's obligations uridtr the declaration
or covenants creating or governing the condominwrfi or planned unit development, the by-laws and regulations of the
condominium or planned unit development. and constituent documents 1f a condominium or planned unit development
rider is euecuted by Borrower and recorded together with thn Mortgage, the covenants and agreements of such rider
shall tx incorporated into and shall amend and wpplement the cgvenanu and agreements of this Mortgage as if the oiler
wire a pen hereof. #
Protatioo of Leader's Stcarity. !1 BAROV.eJ falls to perform the covenants and agreements contained in this
Mortgage, or if any action ur proceeding is commenced which materially affects Lender's interest in tht Propcn}.
including, but not limited to, eminent domain. insolvency. code enforcement. or arrangements or proceedings involtiing a
bankrupt or decedem. then fender at Lender's option, upon notice to Borrower.. map make such appearances. disburse such
sums and take such action as is necetsary~ to protect lxndor's imerest. including. but not limited to, disburscrrient of
reasonable auomey's fen end entry upon thr Property to make repairs. If Lender required mortgage imurance as a
eondgion of making the Iran secured by this Mortgage. Bc,rri:war shsll pay the premwma required to mainta+n such
insurance in effect until such Unit as the reyuirernent /or wch insurance termtnatra in rccordancc with Borrower's and
. - ~,•,~Y 335 P~~E 817:. - ~ } . -