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UNIFORM ('avFtvavls. Harn?wcr anJ I.cnder u+vcnant and agr~c as follows:
1. Payment of Principal aad Interest. Harn+wer shall promptly pay when due the principal of and interest an the
indebtedness evidenced by the Natc, prepayment and late charges as provided in th?~ Nate, and the principal of and interest
on any Future Advances secured by Chic Martgage.
2. Funds (or Taxes and lnsuraace. Subject to applicable law or to a written waiver by l.cnder, Harrower shall pay
to Lender on the day monthly installments of principal and interest arc payable under the Nate, until the Note is paid in full,
a sum (herein "Funds"? equal to unc-twelfth of the yearly taxes and assessments which may attain priority aver this
Mortgage, and gmund rents on the Pn?perty, if an}•, plus unc-twelfth of ready premium installments far hazard insurance,
plus unc-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
time to lime hr Lcndcr on the basis of asxssments and hills and rcawnable estimates thereaf.
The Funds shall t+c hc1J in an institution the delx?sits ar accounts of which are insured or guaranteed by a Federal or
state agency 1 including Lender i( Lender is such an institution t. Lender shrlt appl}• the Funds to pa>• ,aid taxes, assessments,
insurance premiums and ground ants. Lcndcr may not charge tar su holding and applying the Fund,, :ulal}•zing said account,
or verif}•ing and compiling said assessments and hills, unless Lcndcr pays Harrower interest an the Funds and applicable law
permits Lender to make such a charge. Harrower and Lcndcr may agree in writing at the time ul execution of this
Mortgage th:+t intcrcst on the Funds shall he paid to Horn+wer, and unless such agreement is made or applicable law '
reyuires such interest to he paid, Lcndcr shall not t+e required to pa} Harrower am• intcrest or earnings on the Funds. Lender
shall gis•e to Borrower, without charge, :ui annual accounting of the Funds showing credits and Debits to the Funds and the
purp+ne fur which each debit to the Funds was made. l~hc Funds are plc~igrd as additional security far the sums secure)
by this Mortgage.
if the amount of the Funds held by Under, tugcthcr with stir future monthly installments of Funds payable pricer to
the due Dates of taxes, assessments, insurance premiums and gnwnu rents, shall exceed the amount rcyuircd to pay said taus,
assessments. insurance premiums and ground rents ac they fall due, such excess shall t+e. at Borrower's option, either
promptly repaid to Borrower ar credited to Borrower un manthl} installments of Funds. If the amount of the Funds
held by Lender shall not be sufficient to pay taxes, assessment,, imurancc premium, and ground rents as they fall due,
Borrower shall pay to Lender any amount necessary to make up the drticicncy within 30 da}s from the date notice is mailed
by Lender to Burrower rcyucstiog paynunt thercul.
Upon payment ut full of all sums secured by this Mortgage. Lcndcr shall promptly relunJ to Harrower any Funds
held by Lcndcr. If under paragraph IS hereof the Property is ,old ur the Property is otherwi,c acquired by Lcndcr, I.cnder
shall apply, no later than immcdiatrh prior to the sale .?f the Praprrt}• or its acyuisitirn+ by Lcndcr, any F=unds held by
Lender at the time u( application as a credit against the sum, secured by this Martgage.
3. Application of Payments. l~'nless applicable law pru,ides otherwise. all payments recei~•ed by i.ender under the
\ote and par:+gr.+ph, 1 and 2 hcrcof shall tx: applied by Lcndcr first m pa}•ment of amounts pa}ahle to Lcndcr by Borrower
under paragraph hereof. then to intcrest pa}'able un the \utr. then to the principal of the Notr, and then to intcrest and
principal .+n any Future Advances.
4. ('harRes; Liens. Borrower ,hall pay all lase,, :+„es,mcnts and other charge,. fine, and m+p?nitiuns attnbutable to
the Property which may attain a prioriq' aver this \1ortgagr, and leasehold payments ar ground rents, if any, in the manner
provided under paragraph 2 hereof or. if not paid in wch manner, by Borrower making payment. sshcn due, directly to the
payee thereaf. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
Borrower shall make payment directls, Borrossrr ,hall promptly furnish to Lcndcr receipt, r~idencing such payments.
Borrower shall promptly discharge any lien which has priority user thi, \lurtg:+gr, pn?vided. that H~~rR+w'er shall nut be
rcyuircd to discharge any such lien se? long as Burrower shall agree in writing to the pa}tnent of the ubhg:niun ucurcd by
,uch lien in a manner acceptable to Lcndcr, or shall in go+?d faith cunh,t such lien hy, or defend enforcement of such lien in,
Icgal prc?.redings which opergc to present the enfurrentent a! the hen ar (ur(citurr of the I'ropcrty ur any part thereof.
5. Hazard Insurance. &+rrowcr shall keep the impn?~rment, nuss r~i,ung ur hereafter erected on the Property insured
against lo,s M' fire. hazards included within the term "estendeJ cuserage~'. and such at her hazard, as Lcndcr may require
~ ,rod in such amounts and for such period, as Lcndcr ma}• require: pros ided. that Lcndcr ,hall not require that the amount of
~ ,uch cos•erage exceed that anunint of cu,erage rcyuircd to pay stir wm, ,scored by thi, Mortgage.
The insurance carrier providing the imurmcr ,h:dl (x chu,en M- Born?ssrr whject to apprusal by Lender. provided,
that wch appnn:+l shall not t?e unreau?nahh• withheld. :III premium, un imurancc policies ,hall hr paid in the manner
prus•ided under par.+graph 2 hcrcof ur, if nut paid in ,uch manner. h} Burrower making payment, when due, .hrectly to the
I imurancc carrier.
P
l A!I insurance pallets, and renewals thereat shall f~ in form acceptable to Lcndcr and shall inclade a standard mortgage
clause in (asur of and in form acceptable to Lcndcr. Lender ,hall base the tight to hold the policies and renewal, thereof.
~ and Borruwcr ,hall prumptl} furnish to 1 ender all renewal notices and all receipts of paid premium,. In the es~nt of loss.
Borrower shall gi,r prompt nutter to the inwrance earner ::nd Lcndcr. Lender may make pro+N of loss it not made prumpth
h}• Borruwcr.
1 Unless Lcndcr and Borruwcr othensue agar in wntmg, in,uru+ce pn+creds shall b+: applied ti. restoration uG repair of
the Prupern damaged. provided arch restoration ur repose is econumic,dl}• feasible and the sccunty of this ~lortgagc is
not therebc impaucd. If etch re,toraUon ar rcp:ur is nut ecunumic:dly (ea,ihlc ur if the security of this Mortgage would
he impaired, the irsurancc proceeds shall be applied to the sums secured M this Mortgage. with the excess. if any. paid
to Born•wer. It the Pru, sets is abandoned h~ Barr+•w~r• ar it Borruwcr lath to respond to Lcndcr within 3U days (mm the
date notice i, mailed hr Lcndcr to Borrower that the insurance carrier atTen to settle a claim for insurance benefits, lender
~ n authorized w collect and apply the imurancc proceeds at Lender's upUUn either to restoration or repair of the Property
ur to the sum, secured by this Mortgage.
Unless Lcndcr and Borruwcr utherwiu agree in witting, am wch application a( proceeds to principal shall not estend
ur pastlx?ne the due date of the munthlc installments referred to in paragraph, I antl ? hereof or change the amount of
such installment. It under paragraph lt; hereof the Property is acquired h} lender. all right, title and interest of Borrower
in and to am insurance policies and in and m the proceeds thereof resufung from damage to the Property pricer to the sale
~r acywsitiun shall pass to Linder to the extent of the ,un» secured by this Mortgage immediatel}• poor to such sale or
acquisition.
6_ Preser.ation and Maintenance of Property: Leauholds: ('andominiums; Planned knit Ues•elopments. Borrower
shall keep the Property in grxxf repair and shall not commit waste or F.ermit impairment or Deterioration of the Property
# and shall oomph with the provisions of any lease it shit Martgage un a leasehold. I( thi, Mortgage is an a unit in a
condominium ur a,planned umt desciupment. Borruwcr shall perform all of Born?wer's obligations under the dcclarrUon
ur covrnanh creating or governing the cunduminitint or planned unit development. the by-laws and regulations of the - ~
condominium or planned unit dcvriupment, and constituent Jcx:umrnts. if a condominium or planned unit derelupment
ndcr i, eucured by Borruwcr and recorded tugcthcr with this Mortgage, the casenants and agrccment of wch rider
,hall be nuorpor.+tc.l into and shall amend and wpplentent the c+nenants and agreements of this Mortgage as if the rider
sere part hcrcof.
7. Protection of Lenders Security. If Burrower faih to perform the ravenrnts and agreements contamrd in this
Mortgage. or if any action ur proceeding i, comnunccd which materially :dTects Lender's intcrest in the Property,
including. but nut hooted tu, rmincrtt domain. in,ulsency. c+xle entarcrmrnt. ur :+rrangrntents ur proceedings invoking a
bankrupt ur decedent. then Lcndcr at I.cndcr's option, ufxm notice m Horraw•er. mas make such appearances. dishuru such
sum, and take such acuun is nece„ars• to protect lender's interest. including. but oat limbed to. disburxment of
reasonable atu+rney', tees and entry upon the Pmpcrt~• to make repair,. If Lcndcr rcyuircd mortgage inwrance as a
cundrtiun ut making the loan u:cured b} this Martgage. &+rn?wer shall pa}' the premiiums required to maintain wch
insurance in ctTect until such time as the requirement for such insurance terminates m accordance with Borrower's and