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tiorrowe~ and l.ende~ covenant and agree as tollowa:
1. Payment ot Principal snd lntereet. Bormwer ahall promptly p•-y when due lhe principal uf und intrrrat on lhr indebtednese
evidenced by the Note, prnpayment and late charges as providrd in the Note, and :he principal o( und intereat on nny h uture Ad~•ances xecu~ed
hy this Mortgaqe.
2. Ftitnde for Taxes and lnsu~ance. Subject to applic:~ble I.~w ur to n writt~~o w;~i~•e~ by 1 xnder, I;IIRUNCr shull pay tu (.~•nder on the duy
monthly installmente of principul and intereat ure puyublc under the NotN, until the Ntute ia paid in full, :~ sum Ihrrrin "F undx"1 ~r~uul tu onP
twel[th of the yearly taxex a~d axsrxsments which mny attuin priorit> o~•rr this MorlKage, nnd Kruund mnts un the P~u{x•rty, if.~ny, plux w~P
twelRh of yearly premium installments for hnzzvd inxurancr, plus un~~twelflh of yeurly premium invt;illm~•nls fur murlK:~g~• in+ur.+ncr, if:~ny,
uN as ~easonably eslimatcti! inili~lly end fmm time to tin~e hy IA•nder on ~hP basis of,-~cecctim~•n~ti :~nd bill~ and reasun.~hlr ~wtimutt~ thereof.
The Funda shall be held in an inetitution the depoaits or accuunts of which arn insured u~ Kuarantrecl by n Frderal or titatr aKency
Uncluding l.ender if I.ender is such ao institution). I.enJer shall npply the N unds to pay x:iid taxcw, :~ssc•sxmentK, insur~n~~• prrmiums and
Kround renta. l.e~der may not charge for eo holding pnd upplying the Mundx, unalyzinK s:iid ~cn,unt, ur verifyinK :~nd ~ti»npilinK ruiid
asxeasmente and bills, unleas l~ender paye BorrowPr intereat on the I~ unds und applicable li~w permits IA•nder to make such a charge. Burrower
and I.ender may agree in writing at the time of execution uf this Murtg:+Ke that intcrest un the Funds shull t~e paid to fiorn~wer, t~nd unlesa
such agreement ia made or applicable law requires auch interest t~ I~e paid, I.ender sh~ll nat t~e reyuimd to p~y l~~rrowe~ any internst or
rarninga on the Funda. l.ender ahall give to E~rn~v-er, without charge, sin nonu.~l am~untinti of the N unds showing crrdit~ :ind dehits to the
Funds and the purpuae for which each drbit to the Funda N•xa made. The Funds are ple~lgecl t~r: i~dditiunal ~•urity for the sumec scrured by thia
Nortgage.
If the amount of the Funda held by l.ender, te-Qether with the futum munthly inst:dlments uf Funds pa~ ablr prior to the duedates of taxes,
~~ssessments, insurance premiums and ground rrnts, shall exc ~ed the :unuunt n~c~uirnl t~~ pay viid taxex, usu:,smenls, insur.+ncr premiuma
and ground rents ua they fall due, such excess shall t-r, nt l~~row•er'x upti~m, either prumptly mpaid to Burruwrr ur cn~dited to liorrower on
munthly installments uf Funds. I! the am~unt of the N unds held by I.ender shull not tn sufficirnt to p:~y taxes, .resrs.~menl.Y insurance
premiuma and ground rents as they fall due, E3orrower ~;hull pay tu l.~nder :sny :+muunt nec~ :ti.~ry to make up the deficicncp vvithin :i0 dnys
from the date notice ie mailed bv I.ender u~ &-rtow~•r r~~~uestinK p:~~mrnt therr~~f.
l)pon payment in full of all sums securc~ci by this MortK.-ge,l,enderFh~11 prumptl> refund !~- li~~rr~~v-•er any funds held t-y lander_ If under
p~iragraph 18 hereof the Property is sald ~r the Propert> is otherwi~c~ acquireil by I.endrr, l,c~nifer tihall apply, nu Ititer th:m immedia~tely priur
tu the sale of the Property or its acquisition by Iw~nder, any F unds hrld hy 1 A•nder al ihe tim.• of .~pplicatiun as a credit aKuinst the +ums sec•ured
by this Mortgage.
3. Applieation of Payments. llnless ~pplical-le luw providc~: ~~theM•ise, all paymenL~ mc•ei~•~d b~~ I.ender under the I`ote and
p.~ragraphs 1 and 2 hereof shall t-e applied by I,~mdrr f r.t in payment ~~t amounl.. payable to I.rnd~•r by li~~rruw•er undrr paragraph'l hereof,
then to intereat payable on the Note, then to the principal of the \~~te. :~nd then tu interest :~nd princij~al on :~ny Future Adrancrs.
4. Chargee; Liens. t~~rrower shall pay :+U tax~ :~, a.si•s~m~•nts and ~~thrr ch:~r~~•s, fini•x :u~d im~w~tiitu~n. attnbutablr to the 1'ro{~erty whieh
may attain n pric~rih• o~•erthis 11ort~;a~i•. and liv~su~hold paym~•nt~~~r ~r~~uni1 n•nts. if:m~~. in thrmannrr prucidi~l under paraKraph'2herrofor,
~f nut paid in such m:~nner. by Rurruw•rr rnakin~; p:~>•m~•nt. wh~~n du~•. dir~•~•tl~• t~~ th~• ~~:~ya• th~•r~.~C liurn~w~•r sh:~ll prumpth• furnitih tu Ixnder
,~II noticesuf:~muunGcdueundi•rthi. p;-ra~;raph.:~nd in th~•~•~•~~nt It~~rn~~vi•rshall mak~•paynu•nt d~nY-tl~~, li~~rrna~~•rsh:J! prumpth•furnishtu
f.c~nder rc~ripts e~•ideni•in~; sui•h pa~•mi•nt.. Ii~~rn~.v~•r ~h:~ll pnnnptlv d~.~~h:~r~;~• any li~•n w•hu•h h:~. prinrih• ~n•rr th~. ~1urt~a~;c•: pru~~idc~cl. that
Fi~~rruvrPr chall not t~e• rcY~uin~! tudischar~r:~m~ ~ui•h lu•n .o I~~n~; a. li~~rruH•~•r.hali a~;n~• ui vcnUn{~ l~~ th~• p:~}•m~•nt ~~f thi•ubli~auiun .rcun~l L~-
.uch lien in a manni~r accept:~bl~• to L~•nd~•r. ~~r shall m~;u~N1 f:~~th ~~~mt~~.t wi~hli~•n F~~•. or~i~d~•nd ~•nfnn~~vn~•nt uf w~•h lu•n :n. li•~;al pr~K•ftivlinKs
Kl~ich operate tn pre~~rnt thi• i•nG~rn•m~•nt uf thi• I-~•n ~~r G~rf~•rt~u~~ ~~f th~• Pn~p~•rt~ ~~r anc p:~rt th~•n+~f
5. Hacard InKUranre. K~~rr~~w~~r sh:ill ki~e•p th~• impn~~~~•~n~•nt~ nnw rs~~Un-; ~~r h~•n :~ft~~r ~•rtti•ti•d ~~n th~• !'ru{x•rt}• insun~l a~ainst luss by
fire, haz.+rds includ~~c1 w~ithin th~~ tt•rn~ "~•xt~•nd~vi ~•o~•i•ra~;~~." nn~1 w~•h ~~th~•r h:~c:ird.:~s L~•ndi•r may nr~uim :ind m.uch :~~nount~: and fnr such
p~•riuds :~s Ixnder m:~t rfti~uirr: prnv~dtrl. that L~•ni1~•r ~h:~ll m~t n•yuirr th:~t th~• :~m~~unt ~~f w~-h ~ry~~•~•r:-K~• ~•XftYYI Illat :~m~~unt uf cucrr:f~;t~
nv~uirtrl to pa~• thF~ swn. v~~~un~l In• thi. ~lurtk:~~;r.
The ire~uran~rc:-rnrr prnc~d~n~; th~• ~n~ur.+n~-~• ~h.~U hr ~ h~~;,•u hc 4i~~rn~~~~•r.ul~~„1 h~.~{•pr~n.+l h~ 1~•n~l~•r. pr~~~:~iwl. shat .u~•h:~pFrn~cal
.hal) nut Ix~ unre:~.~~rahl~• ~cithhrlil :~11 pn•nuuiu• ~m in.ur.u~r.~ ~~~~li, u•• >h.Jl -H• ~~.uii in thr m.~nn~~r p~~~~ n1~~1 un~1~~r p:~ra~:r.~ph'! h~•rv.~f ur. ~f
m~t paid in su~•h mann~~r. hc li~~rn~~v~•r mak~n~ p.~~ m~•nt. ~a lu•n ~lu~•. ~1ir~-~ tl~ !~~ th~• in•un~ni~~• ~:~rn~•r
All insurance {N~lic~es :~nd n•n~•k:+l: thrre•~rf ~h:~ll h~• in f~~rrn :~ri~~•ptahl~• t~~ I ~•nd~~r and ~h:~ll in~•ludr a•t:ind:vd m~~riKa~;e cl.~use in f:~~•nruf
:~nd in form acceptablr tu I.rnder 1~•nd~~r~hal! h:~v~• th~• n~;h~ a~ h~d~l th~• Fn~hi u•s and r~•s~rw:~ts the•rw.f, and Ii~~nuHwr shall pn~mptly furnish tn
i.e•ndrr all re~ewal n~diceti and al! rt•~~i•~pt.. ~~f p:ud pn•nnum• In th~~~•c~•~it ~.f 1~~.., It~~rn~w~•r ~:t~all ~:iv~• pn~m~rt n~~t~cr tu thr ~nsuram•e c:~rrier
nnd I.endcr. I.ender mat~ m:-kr pnw~f uf lu~. if nnt m:~~1i• pr~~rnptl~~ h} Iturn~we•r
Unless I.endc~r and f~~rrow~rr uthPrw•i.r :iKnY• ~n ~vnhn~;. ~n~ur:~m~~• pn~•~•~•~i. .l~:JI h.• apph~•d t~~ rf-ssurauun ~~r rrp:~ir of Ihe I'rn~x•rty
damaRed, pru~~drd suc•h r~.t~~r.~tion nr n•pa~r ~. ~•~ ~~n~nnu:~llt~ fe•:~~ihl~• .+nd thr s~•~•untc uf th„ !1lortti:~K~• ic n~~t thereby impaired. ICsuch
rrsGiratton or mpair i~ not ~~nnumu :~II~- f~ :~•~l~1~• ~~r ~f th~• .~rurit}• ~~f th~. ~1~~rt~:~~;~• N~~uld IK• ~:npair~•d. thi• insurnnm pr~K-r~ds shall t~r applied
u~ thesumssecurrd b~ th~~ ~t~~rt~;a~;~•.•••~th th~~t•s~~~~••. ~f:ui>. p:ud t~~ It~~rr~~w~•r If th~• Pro{x•rt}- i.atr:~ndun~rl b~• li~rrr~~~ser,or if {i~~rtower fai:stn
rc•.,pcrnd tu I.ender w•ithin :i1- d:~>•~ fmm th~• d:~t~• nuh~•~• ~~ m;uI,Y1 h~~ I R~nd~•r u~ li~~rn~N~rr that ihr in.ura~i•r cam~~r ~~ffers t~~ settle a cl:+im for
in.urance hrnefi4~, I.c•ndE•r i~ :~uth~~n~~yi t~~ ~•~~11~•~•t .+n~i :~pply th~• in:ur:~nr~~ pn~~~•~•d.:~t I~•ndFr'~ ~~pti~~n ruhE•r to n•staration or rep:~ir ~~f th.~
I'roperty or thF tiums tii~c•urtd by~ thi~ \1~~rt~:~~;t•.
l.'nless I.ender and Fionow•er ~~thr•rwi~r a~nY• ~n wnt~n.~;.:+n~• w~ h:~ppluati~~n nf pnti~~~•~!. b~pnnc~pal chall nut ~xtend or {wst{Nmethedur
date of the munthly installmrntv rcd~•rt~~1 tu ~n par.~~r.~ph. f and'l ~u•r~•~~f nr ~hanKi• thr :~m~~unt uf such tnst;~llm~•nt~. (f under paraKraph Its
hereof the Ymperty is a~yuirrd b~• Iw•nd~~r, :~II nKht. Utle• :u~d ~ntrr~•.t nf Kurruw~•r in :md tu :~ny ~n,ur:incr ~w~licu~ti :ind in :+nd to4h~ pnr-c-eels
thereof resultinK frum damaKr to 1'ruprrt>• pri~~r t~~ th~• .al~~ ~~r a~•yui.~ti~m ~hall p:+:s U~ I~~ndi•r tu th~• rxtt•nt uf th~• sums scrured by thi~
~1~~rtKaKe immecliatel~• prior tn suc•h vale or :uY~wsitian
6. !'reservationandNaintrnanccofPropert~•:Iw~nKehuld,;('undnminumx:l'Is+nn~dl'nitl)evrlopmenls.fi~~rruw~ershallkeep
tht~ l'rupeRy in K~H~d rf•pa~r and sh:~ll not rnmmit w:~~ti• ~~r p~•nn~t ~rnp:unm•nt ~~r d~•trn~~r:-tiun ~~f thr 1'ru~•rt~• and ~hall c~~mply w~th the
G~rn~~isinns ~if :~ny leasr if thi~ 11ort~;a~;~ ~ti un c~ It•:~~~•h~~ld if th~s ~t~~rt~::+K~• ~~ ~m :~ un~t in a c~~nd~~rniniu-n ur a plannec: unit de~~rlopment.
It~~rn~wer shall perform aU of fi~~rr~nc~r'~ ~~bli~;ati~~n. wide•r thc• ~i~ti~larati~~n ~~r r~~ci•nants ~'n :~tin~;ur ~;o~•~~rmn~; the cund~~minium ~~r planneYl
unri devrlopment, the b~--I:~w. and rF~Kulatiunv of thr rundum~n~um ~~r pl:~:inid unit dr~~~~lupmrnt, and cun~t~turnt d~x•umentx If a
~~~ndnminium or pl:~nncH! unit d~~vrlupm~•nt ridrr ~~ ,•.,~~~<<Yi i~.- ~t~~R~,..~•~ :~~,~i n•~~~rd~~l t~~~:t•th~•r w•ith thi~ ~1uRK~jKe. the co~•en:ints and
. ~ ~ mi•mrnts uf su~•h ridt~r ~h:+ll trt• ini~~ ~rp~~r.~t~•~i ~nt~~ :~n~1 .ha i) :~mrrxl :uz~l .uppl~•~ne~nt th~• ~•~ ~~•~•n:~nt.:uid :~y;n•~•ments ~~tthis 11nrt~;.~Ke:~r if thP
ndt•r ~•rn• a part hentid.
7. Protection of I.ender's Security. If 13urrow•rr fa~ls tu per~urm the r~~~~c•nantH and aRreements rnntained in thie Mortgage, or it any
,irtiun or proceeding ie commenced v~hich materially nflectA I,rnder's intereot ~n tht• 1'ruperty, including, but not limited to, eminent domain,
int+~-Ivency, rnde enforcement, or arrangemente or pmceedinKw incol~inK a bankrupt nr decedent, then I.endrr at l.ender'e option.upon
r.otice to Bormwer may make auch appearAncee, d18hUfAP 9UCf1 sums and take such action as is necessan• to protect I.endei e intereet,
~ncluding, but not limited tn, diaburaement of reaeonnble attorney's fw7+ and entry upon the Property to make repaire. If l.ender re~uired
mortgage ineurance as a condition of makinK the loan ~ecured by thi~ ~turtK:i~/,P, Bl~ff~~M'Pf 9f1.i11 pay thP premiume required to mainlain
yuch ineurance in effect until euch time as thr reyuin•mrnt fur xui•h ~nsursince terminateP in accurd.~nce with Korrower'e and i.ender'e
w~ritten agreement or applicable law. Rorrov-er ah.+ll p:ip thc• amount of all m~,rt~;:eKr ~nxurance prrmiums in the mt-nner provided under
paragraph Y herec~f.
Any amounte diebure~l by I.ender peryu:int tn this par.~Kraph ~, vrith ~ntereHt therr~~n, shall tx•cume additiunal indebtedneea of
fi~~rrower Recured by thia 11urt~;aRe. Unleas Ik-rruvicer and l.ender aKree u~ uther terma uf p.iyment, r+uch amounti- ahc~ll be payable npon
nntice frr~m I.ender t~- Bormwer requeatinK payment thereof, and xhall bear intrrt•at from the date of d~ahursement nt the rate papable from
t~me to time un outAt~ndinK prineipal under the Note unlesx payment ~~f intenK+t at ru~h r:itr v~•nuld t-e rnntrary to applicable law, in which
Nvent such amountn sh~U bear intrrest at the hiKhe~t rate permi~yiblP und~•r applicablc~ I.iw. tiothinK contained ~n thia paraRraph i, ehall
rryu~re I.ender to in~ur any expc~nse or take any acti~~n hereundcr. '
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Br,~x 3~s ParE 1~6
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