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UNIFORAI C'ovEN.~NTS. BOf~ON'C~ anJ l_cndcr rovenan~ auJ agr~~c as follows:
1. Payment ot P~incipd aad loterest. l3orrowcr shali prumptly pay whcn duc th~ princip:~l o( and imcrest on t'~c
indcbtedncu evidenccd hy thc Notc, prepayment and latc rhargc. a. proviJed in the Note, and thc principal of and iMercst
on any Future Advancec secured by thic Mortgage.
2. Funds for Taxe9 and lnsunnca Subjcct to applirahlc law• or to a wriuen w•aivcr by I.cndcr, Borrower shall pay
to I.ender on thc day monthly inclallments af principal a~d intcrc.~ a~c pa~~able u~der the Nate, until the Notc ic paid i~ iull,
a s~~~n (hercin "FunJi') equal ta onc-tH•rlfth of the ycarly ta~ec and acsessmcn~s which may attain prioriry over this
Mortgage, and ground renls on thc Property, if any, plus one-twclfth uf y~arly premium installments for hazard insurance.
plus one-twelfth of yearly premium inctallments (or m~~rtgagc insurance, if any, all as reasonably estim~ted initially and from
timc to timc hy 1_cnder on thc hasiti of acscscmcnts anJ bills and reasonablc estimates thcrcof.
The Funds shall he heW in an institulion the de~x~sitc or acc~~unts of "which are insured ar guaranteed by a Federal or
state agency lincluding t_ender if I.eiider i~ such an institution). I ender shall apply the Funds to pay~ said taxes, assessments,
insurancc pr~miums and ground r~nt~. I.cndcr map not rhargc tor.o holding and applying thc FunJs, analpzing saiJ account,
or verifying and compiling said assea.ments and billc, unlcss Lender ~a~s Bormwcr interest on ~he Funds and applicable law
permits 1_ender ~o make such a charge. Born~wer a~d I.ender ma~ agree in writing at the time of execution of this
l~tortgage that intere,t on the Funds shall be paid to Borruwer, and unless such agreemem is made or applicable law
requires such interest to be paid, 1_ender shall not t+e reyuircd tu pay Burrower any interest or earnings on the Punds. Lender
~hall givc t~~ Borrower. without charge, an annual acc~~unting uf the FunJs ~howing creclits and dehits ta the Funds and the
purpose frr K•hich each debit to the 1=unds a•as ma~r_ The 1=unJ~ are pledged as additional security for the sums secured
by this ~fortgagc.
If the amount of the Funds hcld hy Lendcr, togcthcr with ~hc futurc monthly installmcnts of Funds payable prior to
thc due dates af taxes, asscssments, insuranre prcmiums and gmund rents. shall cxr~~.~l thc amount rcyuired to pay said taxes,
asses~ments, insurancc prcmiums and gruund rents ae thr~~ fall duc, such e~r«e shall be, at Horrow•cr's option, cither
prompUy rcpaid to Borrowcr or crcditcd tu B~umw~cr ~~n manthly imtallmcnts of Funds. !f Ihc amount of thc Funds
held by Lender shall not bc sulticient to pay ta~rs, asse~smcnts, imurancc premiumc anJ gmond rents as they fall due,
Borrower shall pay to Lender an~• amount neces~ar~~ to makc up the deficirnc~• Kithin ?0 da~•ti irom the date notice is mailed
by Lendcr to Borrower rcyucsting pa~~mcnt thcreol.
Upon payment in [ull of al) sums secured by this Mortg:ige. I.rndrr shall prampd~• retund to Borrower an~~ FunJs
held hy l.ender. I[ under paragraph 12; hercof the Propcrt}- ~~ wIJ ~~r thc Propcrt~~ u othen~•ik arqu~rcd b~~ Lender, I.enJer
shal! apply, no latcr th~n immcdiatcl~~ prior to thc ~alc ~~f thc ProM rty ~~r its acquisition bp Lcndcr, any Fundc held by
Lendc~ at thc timc of appliration as a crcJit against ~hc sums ucured b~• this ;ltortgagc_
3. Application of Pa}menls. Unle~s applirahle law pro.~iJes a~herH•is~. •rll pa~~ments rcceived b~• I.cnder under the
Notc anJ paragraph. I and 2 hcreut shall bc applicd b~• I.rnJrr fint in p:i~~mcnt of amounts payahlc to I.cndcr by Borrower
under paragraph 2 hereot. thcn to intrre~t payablc on thr Itiotr, thcn t~. thc prinrip:~l of the Nate, an~ thcn to intcrest anJ
principal on an~~ Futurc Advances.
4. CharRes; Liens. Barro~~rr ,h:~tl pay~ ~II ta~r~, a~.r~cmcnts and other chargcti, finc~ anJ imp.nitions auributable to
the Property w•hich may attain a prioriry over thic ~tongagc, and IeaschulJ paymcnts ar ground rents, if any, in the manner
provideJ unJrr paragraph 2 here~f or. ~f nut paiu in such mannrr, b~~ Berruwcr m:iking paymem, w•hen duc. JirccUy to the
payee thereof. Borruwer shall promptl~~ furnish to l.ender all noti~es of ~mounts d~e under this paragraph, and in the event
Borru~•cr shall mak~ pa~•ment Jirc~tl~•, Burruwcr ,hall promptly furnish tu Lcndrr rc:ripts c~~idcncing such pa~~mcnts.
k3orrower shall promp~l~• Jischargr an~• lien ~~hich has pnority ov~r this Mortgage; pr..~•idcd. that Borrower ~hall not be
rcquired tu Jix:hargc any ,uch lirn io long as Born-w~r shall agrer in N rit~ng to thc pa~•mcnt ot thc ~~bligatian sccured by
wch lien in a manner acceptablc to Lender, or ~hall in L~xxl f~ith contr+t tiurh lien M•, or Jefend cnf~~rcement of such lien in,
legal pr~ecdingc which operate to pre~•cnt thc cnfurccmcm o( thr licn or forfciture of the Pm~xrt}~ or anp part thereuf.
5. Hazard Insurance. 13orrow~cr shall -.rcp thc impro~cmcnt. now r~i~ting rn c~rraftcr crccteJ on thc Pr~~Exrt)~ insurcd
against loss hp firc, hazardi includcd with~n thc tcrm "r~trndc~i rovcragr"_ and such othcr hazardc ati Lcndrr ma~• rcyuire
an~l in such :~m~~unts and for su~h ~ri~lc a~ Lcndcr ma}- rcyuir~; pm~•idr~i, tha! 1 crnlcr .hall not rcyuirc that thc amount of
~uch c~»•cragr c~cccd that amuunt of a~~crag~ rcywrCd to p:~~ th~ ~um. .rcured h~~ ~hi. Mortgagc.
The ~nsurancr carrier providing the inwranee shall Fx ~hu,rn b~~ Bnrruacr ~ubject ti~ appm~•al b~• I_ender, provided,
that~surh approval .hall not tx; unr~a~onahh- ~~•ithhcld. :~II prcmwm. on insarancc policics ~hall br paid ~n thc manner
provided undcr paragraph 2 hereof ur, if not paid in wch manncr, h~• B~~rrower makmg payment, when due, directl~• to the
insurancc carrier.
All insurancc policic, anJ rcnr~~als thcre~~t tihall tk in form .-~~cpt.~blr to (.cn.lrr and sh:~ll includc a ~tanJard mortg.~gc
clause in fa~•.~r ~i and in farm acceptaMe tu I.endcr_ Lender ,hall h:n~ the right to hold thc ~~lirics and renewals thercof.
and BorruH~er tihall promptl~- furoish to Lend~r all rencHal notice~ and all receipts of paid premium.. In the event of loss.
Borruwer ~hall gi~~c prompt nouc~ t~~ thc imucan~r ~arricr and Lcndcr. I.cndrr ma) makc prcx~t o( loss if not madc prumptl~
b~• Borrower.
Unless t_ender and Borruw~rr othen~ne sgrer in v-nting, imurance pn.cr~d~ shall be applied to re~t~~ration or re~air of
thc Propcrt~• ~amagr~i, proviJcd such r~,luratiun ~~r repa~r is ecunomically fcasiblr and thc sccurity of this 111ortgagc is
not thereb)' impaircd. If surh re,turat~~m or repair is n~a l'l'~111Ofllll'JII)' fl:llt~lll or if the sccurit)' of Ihis ~1orlgag~ wuuld
be impaired. the insurancc prureeds sh•rll M: applird t~~ the .ums xcureJ b~~ thic Mortgagr, with the exrecs, if any, paid
to Borrower. If the Propert} is ahanJ~~nrd h~ B~~rr~.w~r, ~r it Norr~~wer f.+il~ ta res~nd to Lender within 30 days fmm the
Jate noti~e iti mailed b}• LenJer to Borrow•er th:~t the insurancr carrier atTert to ~etUe a claim for ~nsurance benefits, Lender
i~ authorized tu rultcct and appl}' the insur•rnce pn-ceed~ rt LenJer'a option either to restoration or repair of the Property
ur to thc sum~ ~~curcd h~• thi~ ~fortgagc.
Unles, I.cndcr and Borruv-~cr ~~thcn~i,c agrec ~n Hnting, an~ such appli~ation of pnkccds to principal ,h~ll not c~tcnd
.~r pustponr thc dur d~te o( thc mc~nthl~~ imtallmcn~, r~fcrred t~- in paragraph~ 1 ~nd ? hereof or rhangc thc amount of
such ~nstallment~. It under paragraph l8 hereof the Prupert)~ is acyu~red h~ 1_ender. :~11 right, tide and interest of Borrower
in and ~o am imur~nre policiCs and in and to thc proceeJ~ thereof resulUng hum damage to the Property prior to the sale
or acyui~ition ~h:~t! pass to I_ender to the e~tent uf the tium~ securrd b~ thu \tortgage immediately prior to sueh sale or
acyuisition.
6. Preser.alion and ~fainlenance of Propert}; t.eaceholds; ('ondominiumc; Planned Unit De~•elopmenls. Borrow~cr
~hrll keep Ihr Property in g~-d repair and shall not commit waste or permit impairment or Jeterioration of the Propert~~
and sh~ll compl~~ Nith ~he provisivns oC any lease if this ~tur~e:~gc ~ti vn a Ir~sch~~ld. If lhic 1lurtgage is on a unit in a
conduminium ~~r a planned unit devclupmrnt. Borrower ,h~ll perf~rm all of Borruw•er's obbgations under the declaration
or covenanh creating or guverning thr c~mduminium or planned unit devcli~pmcnt, the by-laws and regulations of Ihe
con~omin~um ~r planned unit development, snJ constituent JocumeMs. If a rondominium or planned imit dc~~elopment
n.lcr i, r~ecutcd b}• E3orrowcr and recuidcd togcthcr u~~h this `lortgagc, thc coccnants and agrccmcnts o( such ridcr
~hall be mcorpurateJ into anJ shall amend .inJ ~upplrment Ihe co~enants and agreemcnts of Ihis Mortgage as if the rider
Nrre a part hcrcof.
7. Proleclion oi Lenders Security. If B~,rrower faih ~o ~xrform the covenanls and agreements rontained in thi~
Mongagr. ~~r if an~~ action ur prcx:ceJmg ic cammcnced ~hirh materiall~~ atTrctti LenJer's interest in the Property.
includinb. but n~~t hnutcd ta cmin~nt domain, in.~.h•cnc~, axlc rnf~~rcemcnt, i~r arrangcmcnts or procccdings im~olring a
bankrupt ur Je~cJent, then Lender at I.cnder's option, upnn notice to Rorrow~er, ma~ make such app.:arances, disbune such
sums and ta~.c such action :ts is nccc~,ar~ to protcct l.cndcr's intrrest. incl~~ding. but nnt limitcd to, disburscmcnt of
rcasonahle attornc~•'s t~cs and cmry upc•n thc Propcrt}~ to makc rcpair.. It 1_rndcr rcyuircd mort~agc in~i~rancc as a
condiu~.n o( making the loan Secured b}~ this ;11~~ngaee. Hormtirr shall pay ~he premiums required to maintain such
insuranee in rtTect until such timc as Uic rcyuirement for wch ~nswance trrminatrs ~n accordance w~ith Borrowers anJ
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B~x344 PM~E 747 ^~ n~~.~~
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