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UNIFORM COVENANTS. BOffOWlf i11d l.lfldtr COVt11i111 ifld itf!! ~S ~OI~OWS:
1. ~weN o1 rcl~ciMl a~i WcreM. Bor~ower shall p~omptl~ pyy when due the principal ot and i~terest on the
~ndebtedneu evidenced by the Note. prapayment and late chargcc ac provided in the Note, aod the principal ot and interes~
on any Future Advances secured by this Mortgage.
_. F~~ tor Tata awd Iaa~r~. Subjec~ to applicablc law ~~r to a written waiver by Lender. Borrowe~ sha~~ PaY
to I.cnJe~ o~ ~he day mon~hly ~nslallmenls o( principal aod ~ntcrcc~ arr payahle u~~ier the Note. until the Note is paid in tull.
a ~um (hercin "Fu~ds") equal to one-twelfth ot the yearly ta~c. anJ assessments which may attain priority over this
Mo~aje. and ground rents on the Pmpeny, it any, plus ooe-tweltth ot yearly premium installments tor huard insurance,
plus oae-twelfth ot yearly premium installments (or mortgage insunncc, it any, all as reuonably estima~cd initially and trom
time to time by 1_ender on the buis ot asscssmcros and hills and reasonable atimala thercot.
The Funds shall be held in an institu~ion ~hc deposu~ or ~ccounts of which are insurcd or guannteed by a Federal ot
state agency (including Lender if L.cnder is such an ins~itutionl. I.ender ahall appiy the Funds to pay said uxa, asseumen~,
insuraoce Qromiums a~d gmund rents 1 ender may not charge lor s~ holdiog and applying ~he Fundc. analyzing said accouM.
or verifying and compiling said auessments ~nd bills, uoless t.ender pays Borrower in~erat an the Funds and applicable law
permits Le~der to make such a charge. Borrower and l.ender may agrce i~ writing at ~he time a( execulion ot Ihis
Mortgage that interest on the Funds shall t~e ~said to Borrower, and unless such agreement is made or applicable law
rcquircs such interest to be paid, Lender shall not be rcquircd to pay Borrower any interest or earnings on ihe Funds. 1_ender
shall give to Borrower, without charge, an annual accounting ot the Funds showing credits and debits to the Funds and the
purp~se tor which each dtbit to the Funds wu madc. The Funds are pledged as additional secur~ry (or the sums securcd
by this Mortgage. •
If the amount of the Funds held by Lender, togelher with the future monthly installments o[ Fu~ds payable prior to
tlte due dates of taaes, assessments, insurance prcmiums and ground rents, shal! exceed the amount req~iircd to pay said ta?ees,
assesaments, insurance premiums and ground rents as they (all due, such excess shall be, at Borrower's opt~on, either
promptly repaid to Borrowe~ or ctedited to Bormwer on monthly installmems ot Funds. 1f thc amoun~ of thc Funds
held by Lender shall ~o~ ~ St~~pc ~o wy ~~a, assessments, insurance prcm~ums and ground rents u they (all due,
Borroaer shall pay to Lender any amount necessary to make up the deficiency within 30 days (rom the date notice is mailed
by Lender to Bo~rower rcqucsting payment thereof.
Upon payment ~n full of dl sums securcd by this Mortgage, 1_ender shall promptly refund to Borrower any Funds
held by Lender. It under puagraph 1R hercot the Property u sold or the Property ~s othervvise acqu~rcd by l.ender, I.ender
s6a11 apply. no later than ~mmediately prior to the sale of Ihe Propetty or i~s acquisit~on hy I~nder, any Fundt held bv
1_ender at the t~me of application as a credit aga~nst the sums secured by this Mortgage.
3. Application of Paymsnts. Unless applicable law provicies o~herwise, all payments received by !_ender un~fer the
Note and paragraphti 1 and 2 hereot shall be applied by LenJer Brs~ in payment ot amoimts payable to I.ender by Borruwer
under puagraph 2 hereo[, then to ~nterest payable on the Nol~, then to thc princtpal of the Note, and Ihca to interest and
pnnc~pal on any Futurc Advances.
4. Chatges; Liens. Bormwer thaU pay all tateti. atitie~~nirnls and c.thcr chargeti. fine~ and ~m~xiuons altnbutai !e tu
the Property vvhich may attain a pnority over ~his Mortgagc, and lea~ehold paymenu or ground rents. if any, in the manner
prov~ded unJer paragraph 2 hereof or. ~f nut pa~d in s~ch manner, by Burrower making payment, when due, dirccdy to the
payee thereo(. Borrower shall pr~mpUy furnuh tu Lender all nohces of amounts due under this paragraph, and in the event
Florrower shall make paymens direcUy. Hurrower ,hal) prompUy (urm~h to Lender rcceipts evidencmg such payments
Borrower shall promptly diuharge any lien v-h~ch has pnont}' over Ih~c Mortgage: proviJed, that Borrower ~hal{ not be
rcqwred to d~scharge am• ~uch iirn co IonK ~s Harrower ~hall agree in wntmg ti~ the payment of Ihe obligaUun secured by
such I~en ~n a manner acceptable to Lender, or shall m g~Hxi fa~th cuntr,i ~uch lien b~, or defenJ enforcement o( such lien in,
legal proceeding~ wh~~h i~pcrate to prevent thc enlarcemcnt of ~hr lien or torfe~wre o( thc Property or any part thereot.
S. Hanrd I~ur9nce. Ho~rower shall keep the ~mprovemen~~ nov~ c~~sUng ur hercafter erected on the PmF+etty mwrcd
against lo~c h~ firr. hazardt inrluded withm the term "r~tended ruverage", and such other hazardc as Lender may reywre
and m such amaunls and (~~r such periodti as Lender m~y reyuirr, ~+rmideJ. ~hat Lender shall not reyuire that ~he am~~um of
such coveragr ~ccerd thal amount of coveraQe requ~red to pay ~he cumc tecured ~by thi, Mortaage.
Tl~e insurance rarner providing the insurance shall be chosen by Bormwer subject t~ approval by Lender, provided.
that such appr~.val .hall m~t be unreawnahly wrthheld. All premrum~' on insurance policies shall F-e paid ~n the manner
provedcd undrr p~ragrsph 2 hereof or, it not pa~d in such manner, by H~rrower ma~mg payment, when due, dirccUy to the
insurance :arner
All intiuranr~ p.~li~ie, an.l reaeNals therro( shall be in form accep~ablr to i.e~~ier end shal) ~nclude a ttandard mortgage
clause in fa<<~r ~~f and in form acceptable to Lender. Lender shall ha~e the right tu hold the policies and renewalc thereof,
and B~~rrower ~h:~l~ pr.~mp;l~ furnish to Lender all renewal notices anJ all rece~pts of paid premiumti In the event of loti~,
R.~rrnwer ,h.,i3 ~~~c pr~~i~~pe n~~t~r~ ta thc ~ns~r:,nce carner and Lender. I.enJer may make prcx~t of loss if not made prc~mptly
by Botrower
Unless I cndrr :tnd B~~rruwrr ~~thcrw~x agrer en ~nting, in.urance pnkecd~ shall bc :~pplied to restoration or repair of
the Propert~ darn~ged. pr.~.,.ied wch re.torat~on or repa~r ~s ecc~nomicall~~ feas~ble and the ucurily of thit Mortgage i~
not thereby impa~re:i. !t ,u.h retitorati~~n or repair ~s nu~ ccunumically trasible or ~f the secunty of this ~torlbage w~~uld
be ,mpa~red. the msurarce ~ruceeds shall be applied tu the sums iecureJ by this Mortgage. w•i~h the excets, if an}~, pa~d
to Borruwrr It !he Prupert~ n ahandunrd h~ Hormwer. or if Borrower faih to res~nd tc- 1_enJer w~thin 3U days from ~he
date not~ce ~. m:i~IrJ b~ l.cs~der t~- Be~rmwer that ihe insurance carner ofTers to senle a claim for insurance benefits, 1_ender
i~ authrr~~ed t.~ c~~llect and :,ppl~ the -murance proeeeds at Lender'~ npt~un euher to restoration or repa~r of the Pr~pert~
or to the Sumti ~r.ured h}• this ~lortgage
l;nle~t 1 rn~e~ .ind HurtuKer uthrr~,.c .,gree in v-rit~ag, any such applicaUOn af pnkeeds to pnncipa) shall not extend
or Exxtpime the e:uc Jetc ~rf thr nz:~nrhl. installmentti referred t~~ in p~ragraph. 1 and 2 hereaf or change the amo~rot of
such in~taUrnent, If un~er perag~aph I8 heree( thc Proµrt~ ~~ acywrcd hr Lender, rlt nght, Ude and interest ot B~rr~~wer
m and t.~ ~n~ !s,~uc.~n:c ;x,:~~~e~ snd ~n and tu the prcxeeds thcreo( resulting Irom damage to the Propeny prior to th~ ~.,le
or acqws~tion ~t+a!I ~:IS~ ta Lender tu the euent o[ the sum~ ~ecured by thu ~lortgage ~mmediately pnor to wch sale or
acguisihon `
6. Presenaliun and ~taint~n~nce of PropeA~: I.easehulds: ('ondominiums; Planned Unil De~•e~opments. Horroucr
shall keep th_~ Pr,~;~~rn ~n gu~xi rcpair and ehall not cumruil yraste or permit imp:+~rment or deterioratiun of ~he Propecty
and shail cornE~h w~trt the pru~i~u~nl uf any lea;e if this ~1:~rtgegc ~, un a Icasrh~~ld. I[ this Mortgage is on a un~t in ~
condominium ~~r :, pl~nned un~t Jr~clapment, Borrower tihall Exrturm all o! Borrovver's obligaUOns under the d~claralu~n
ur covenantti creating ur g~~verning the cundnminium or plannrd umt develupment, the by-laws and regulatiom of ihe
conJumin~um or planned unrt :ie~elu~,meni. end c~nstituent d~kumen~~. It a rundominium or planned unit ~Ie~elc~pmcnt
nder i. execu~rd b} Borruxer and re~orded ~+~geiher ~~th th~. M~rtgage, Ihe covenantc anJ agreements ~f ~urh n~f,r
ihal! be mcorfxiralctl into and shall emcnd anJ ~upplcment the co~cnrntti and agrcements of thit M~-rtgage as if the ri.lcr
•Aerr e part tereof.
'7. Proteilion o( Lenders 5rcurfty. I( B~.rr~~er f:ul, t~~ ~xrt~~rm the coven:~nts and agreemems c~+mained in th~ti
Mortgage. c~r ~f any acUun ~~r pr~eeding it ~~,mmcrjrc~i whicn malerially .dTr~tti 1 en~ler'ti interr.t in the Pr~~~xrt~.
mcluding.,hut m,~ linnied to. rm~nent dumain. irti~„I~enc). «,de rnf~~rremrnt. ~~r .~rran~;~mrnt• i,r pr~k~cdings ~m~~l~~ng a
hankr~ipr ~~r de~edrnt. ~hui i.rnder at 1 ender'~ ~,ptwn, u~xm ni~uce to Norruwer. m:~~ mekc wrh apFxarance~. di~hune ~urh
tiumt and ta~.r su~t~ x~u~~n a. ~s necctitiar) 1~~ pmtcct Lcndcr'ti mtcrest, includi;ig. hut nrt Iim~tcJ tu, d~tihursr-nrnt ~~1
reesunaMe atturne~'~ t~e~ and en~ry uM~n the I'rrperty~ t~~ mal~c rcpnir~ It I.cnJcr rryu~rrJ nu,rt~;agr imur.~n~e a~ ,
iunJiti~~~ nf n-akmg thc :~~an K~ure~l hy thi~ ~turtg:~Kc. Fi~~nr•KCr ~h ~II {~a~ thr prcmiumti rcyuire~l l~• maint,~~n ~u~h
insurancc ti~ cttcct unul ~u~h tim~ a• 1hc reyuirrmcnt (~~r ,u~h in•,utan:r Irrmm.+tc. in ..,.~~rdanrr aith B~~rr~~HCr~. .~n~!
~~r, ~~c~ j~!GE 1 ~~
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