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UNIFoUM COVFNANIS Borrowe~ and I.endcr c:~vcnam :ind aKriw a~ t~~ll~~w~
1. hy~neat ot P~incipd ~ad Inte~est. H~~~mu•er .hall p~~an~~il~ ~1J)' NFII'll dur Ihc pnn.~pel i~l and intcrctt un thc
~ndebtedness evidenced by the No1r, prepaymen~ and late ch:u~c. a~ ~ruvuMd ~n ihe N~~te. ancl !he principal of and ~merc+~
o~ any Futurc Advsnce~ stcurcd by ~hn Morlgage
2. Fbnds tor T~xta sed In+unnce. Subjecl Io apphcahlc law ~~r ~~. a wnt~en warver hy I.rnder, B~rruwer shaU pay
~o l.ender on ~he day monthly ~nc~allmentc of prmupal anJ im~•~r.~ .~rr ~~a~'ahlr unJr~ ~hc Natc, wiUl the tiote ~~ paid in full.
a sum (hercin "Funds"1 ryua) tu one•Iwclf~h ~~f ~hr yc:~rh ta~r. anJ a~.c~~mcnl~ which may aUain pnuriry ~~vcr th~~
Mottgage, and ground rcnts an the Pn~pe~ty. ~t any. plu~ ~~ne-twcllth ~~I ~early prrmi~im in~tallmente f~~r ha~arJ imurance,
plus ane-twelhh ot yearly premium in~tallmenl~ fi~r mc~ttgage ~n~~irancr. ~t a~y, all ati reacanahly e~t~maled ini~~ally anJ (rom
time to time by I.ender on thc hasi< <~( a~~c~~mcnt~ an~i hilf~ ,~nd rea~~mahlc e~hmatez Ihcrco(.
The I'unds shall he held in an mctitut~.~n thc dcp:ti:it; ;u .~r~~~untt nf ~rh~ch arc insurcd rr guaran~eat hy a f~cderal or
state agency (inch~d~ng Lender ~f 1_cnder i. ~uch an imhluU~~n1. I rnder ,hall appl~ the (~undc to pa)' ~aid ~a~c~, a»essment~,
insurance prcmiums and ground rentti 1 cndci m:+~ n~~t ch~rgc tar ~~. h~~ld~ng and ,~.ri~•~~,g ~h~ r•~~~~i~ :~nalyiang ~aid acc~~unt.
or verifying and compding said a~se~.me~i~ an~i hilh, unlr~~ 1 ender pay~ N~~rrawe~ ~nterest ~-n ~he Fundc and applicable iaw
permits i.ender to make such a~harRe 14~~rr~~~cr and I.ender may :~grre m Nnung al thc timr ~~I cr~YUtwn ~~( thi~
Mortgage that interesl ~~n Ihe Funds tihall Fx~ pa~d 1~- Bo~mw•cr, and unle~~ ~uch agrecmcnt i+ madc ~~r ap~lecahle I7N'
rcyuires such interest ta he paid, Lender shall n~~t Fx rcyu~red ~o {+a~• R~urow~cr am intcrett or carn~n~~ ~m th~ T=und.. I.endc~
shall give to Bormwer, without charge. an :innual arr~~ummg i•( thc Fund~ .h~~v-ing rredits anJ dchu~ to thc Fund~ anJ thc
purpuse for whKh each debit ~~ the Funds wa~ maJc lhe I~unJs arc ~tc.SR~:t a: add6::::r.a! ~ecunt~ 1~~r ~hc sum~ ~ecureJ
by this Mortgage_
If the amount of the Funds held hy Lcndcr, logcthcr Nith ~hc futurc m~~nthl~• imtallmcm~ o( 1=~md~ p:~vablc pri~•r a~
tht due dates o( taxes, acucsments, ~nsu~an~c premium~ and Fr.nind rertl~, tihall ctcced Ihc amouht rcy~nrcd t~~ p:i~ .a~d ta~et.
assessments, insurance premiumc and gr~~und rent~ a~ thcy F.~II duc. ~uch c~ce« thall bc, a~ H~~rroHer't ~~p~~~~n, cither
~ prompUy rcpaid to Bor.ov-•er ~r crcd~ted to A~•rn~w•cr on m~~mhh• ~mtallmcn~< <~( F'uod.. If thc amounl ~•( ~hr f•unds
held by Lender shall not be sufticient to pay la~cs, aiu.cmcnts. ~murancc prcm~um~ a~d Knwnd rentc ac thr~• iall duc.
Borrower shall pay to Lender any amount nece~.ar~ t~~ makc up ~he dcfirirnc~• wrthm 10 dat~ (r~m the date nc~tirc i+ mailcd
by l.tode~ to Borrower rrqucsling paymcnt thcrc~~l
Upon payment i~ tull of all sums sccured by ~hi~ Mortgagc. 1 cndrr shall promptly rcf~md t~• Borrowc~ an~~ Funds
held by l,ender. If under paragraph 1R hcrc~.f the Propcrt~• i..~.ld ~~r ~hc Pro~.crt} ~s ~therwi~c acquircd hy 1 cndcr, I.cnder
shdl apply, no later than immediate,l~ pn~x tu the .al~ ~~f ~hr 1'm~xrty an c~ acyuis~hon hy Lender, am 1'undc. held by
Lendt~ at tht lime o( applicalion ~as a crcdit again~t Ihe sum~ cecurcd h~ thi~ !~1~~rigagc.
3. Application ot P~yments. l~nlr« apnc~ahlc law pmv~d~~ ~.thcrHi~r, all paymcmti rec~i~'cd b}' 1 ender under thc
Note and paragraphc I and 2 hcrcot .h:+ll hc ap~~f~cd h~~ 1 cn~lrr firu in pa~mcnt ~~t am~~~~nts pa~~:~hlc t~• 1 cndcr hy H~rr~~HCr
under paragraph 2 hereo(, thrn to intrrr.t pa~•ahlc ~~n Ihc ti~~tt th~n ~~~ thc principal ~~1 the N~~tr. and thcn t~~ imerc~! and
pnncipal on any Fwurc Advanccs.
0. C6ar~es; I.kns. Bt~rrowcr ~fi:+ll ~a~ all t:~~r~, :~•~r~cmrntt :ane1 ~~thrr ,•harRe~. fine~ a~~l ~m~,~inont aunhutahle a~
the Pmperty w•hich may attain a pnori~y ~~ver thi~ ~1~rtgagr. and Iea~ehuld =~aymentt or ground rents, if any~. in the manner
provided under paragraph 2 hercof ~r. ~t n~~t paid in curh m:inncr. M~ Anrn~w•er ma~.ing payment. when due, directly to the
payee thereot. Borrower shall promptl}• f~~rn~ch t~~ Len~lcr all nohcet nf amounts duc under iF~~: paragnph, and in the event
Borrowe~ shall make payment dir~~~l~~. H~~rr~~..rr ~nall prump~l~ furni~b t~~ Lender rereipts e.idencmR such paymentc.
Borrower shall promptly discharge any I~cn ~h~ch hati p;i~n~}• ~~•cr ~hi~ Murtgagc; prc~ridcd, tha! R~~rrc~wer ~hall ni» be
rcquircd b dixharge any such lirn a. long as R~~rmwcr chall agrec in ~+rihng f~~ thc ra}~mcnt ~t thc ~~hhgatinrs sccurcd by
such lien in a manner acceptable to I.ender, ~.r ,hall m g~wxl faith r~~ntr~~ wch lirn M•. ~•r defend en/~rcement ~.( such lien in,
legal pro~cedings which opcratc to prc~•ent ~:~c rnt~~rcemrm ot thr lir~i ~~r (orfcrturc ~~f the Pro~crt} ~~r an}~ part thereof
S. Hazard lnsurance. Borrower shall kcep the -mpn+~•cmcnt~ n~~~~ r~i~ting ~~n c~naftcr crc~ted ~~n ihc Pr~perly io~ured
against loct hy Rrc, hazards includcd within thc tcrm "r~tcndr.~ r~~~~rragc'~ and wrh ~thcr hazard~ as 1 cndcr ma~• rcyuire
and in such am~-unts and for sinh pcriodti :+~ Lcndcr m:+c rryuirc: F~r~~~•ide~i, that LcnJcr ~hall not rcyu~rc that thc ~mi~~~nt ~~1
such emerage erceed that amou~~ of rnverage rryuirrd t~~ ~a~ the ~nm< <ecured ~ht Ihis Mc-rtgage .
The insurance carrier providing ~hc insuran~-e shall hc ch~~~en M B~~rmwcr suhjcc~ t~• approval hy 1_ender, provided.
that such apprmal shall not he ~~~rea~onahh• withheld .All prem~~im~ ~~n inturance ~+c~licies ahall he paid in ~he manner
pro~~dc~ under paragraph 2 here~.f ~~r. ~1 rn•t p:,~d in ~nrh manner. M H~~rn~~er makin¢ pay~r:rnt, when due, directly t~ the
insurance carrier. •
All insurancr Ex~hric~ and zcnr~alti thcrcr! tihali f~ in f~•rm :~rrr~,t.~t~l~ tu Lcndcr :~nd :h:+tl includc :i ttandard m~,rtgage
clause in favor ~t and ~ri fnrm arrept:~hle t~~ 1 endcr. 1 ~ndr: ~h:+~l ha.r Ihc right tr h~~ld thc p~di~ies and reneHak there:=f.
and Borrow•er chafi pmmptlr (urnish t~~ 1 cndcr a!f rrncwa) n~~hcC~ and afl rcccir~s of E~aid {~rcmn~m. In thr e~~cnt ~f l~t~
B~•rn,wer shall g~~•c prcimpt n~hcc t~~ thc ~n,ur.~n.c rarncr and I cni+cr. I Cn~lrr ma} mal~c pr~~rt ~~f loss it ni,t r;r<~dc ~r~,inpth
hy Borrower.
Unless Lendcr and B~~rr~~u•cr ~thcr~-~.r a~:n•r in ~.ntin~. in.-;.-:~nce pr~kcrd~ shall he ap~licd t~ re~ti,rati~in or rep::ir c~/
the Property damaged, ~+r~,v~~icd ~u:t; rr•~rra~!:~n ~n rr~:u+ ~s ri~~m,miiall~ (catiiMe and the cr~~~rity of th~e Mnrtgagc ~t
not thereb}' impaircc'. )t surh re~t~~r.iti.+n or rc~+air i~ n.•e _•:~~m,mi::~ll~ (~a~~hlc ar il the cccunt~• i~f thit Mnrtgabc ~~t~nld
be impaired. the msuranee pmcee.l. ;hall he ap~+l~e.i t~~ the wm~ ~r~nre~i n~ this ~1~~rtgagr ~uh the eicecs, i( any, paid
to:Borrower. It the Pr~~~ert} i~ :~h.~n~inned h~ tt~~rr.~wer. ~~r ~t f3~~r;~~w'c~ ta~h I~~ rcSEv~nd t~• 1 cndrr wtthin 1t1 da}'~ tre~m thc
datc noUce ~~ mail~K1 h~ I.e~der t~~ R~~rr.~~.c. that the mtisran.c ~arn~i ;~tTer. n..cttlc :~ ilaim f~r imurancc hencfil~, 1 cr,der
u authi•n~ed tn ~ollecl and ap(+h Ihc in~ur:~ni~~ j~r~~ccd~ .~t I ~ndcr'~ ~~phnn eithcr tr resf~xal~~~n c~r repair ~( thc Pmpett~
~r t~ !hc sum. sccuretil h~ thi~ ~1~~rtgaFc
llnlts, 1 endc~ and R~,rr~~w~r ~~th~~n~~~r :igrrc in ur~!~ng. am ;:~:h .~~ri~<:~ui~t~ ~~( ~m~ccd~ h~ pnnc~pal ~hall nt~t c~.:cnd
~r p.~st~~t+c thr duc datc ~~! th~ m.~r,~hl~ m~~:,'Imcn;. rrtcrrc~t t~~ in ~~ar,iir.~~~h~ 1;imi ? hcre~~f i•r ~hangc -hc am:~F~r.~ t~f
such installr~ents FI under parac~a~h ~~ herc~~} thc Pr~~rert~ i~ a~yu~rc~i h~ I.cnJcr. el! nght. l~tlc and i~elcres~ ~+f Rc~re~~•~cr
in and to an~ in~urancc ~hcie~ and in .+n.1 t~~ thc pr..~r.ccl. thrrc~~~ rc~ulung tr~~m dam:~ec tr thc Prupert} pri~.r to tht ~:,Ic
or acqwsit~or cfiall pacs t~ Lcndci <<~ thc c~tcnt ~~f thc wm. tic:urc.i h} thi~ ~1~~rtgagr imatcdialcly ~rior tn u:ch ~alc or
acqwsition. .
6. Pnsen~ation and ~taintenance nf Pro~+ert~: I.ea~eholdc: ('ondominir.mc; Planned L'nil De~•elopments. B~rmuer
shall keep the ProF+ert} in g.~~d re~a~r ar.d ~hal! n~~~ r~mrUit •..acte ~~r ~+ermit ~m~~airment or deter~~rahon c-f the Prnpertv
and Shall cnmph ~ith ;hc proviti,~~n~ n( am Icasc i~ !hr. ~1~~rIY:~~'~ ~• ~~n a Ica~cti~~ld. If thi~ ~1i,rtgaoe ~c cin a t~nit in .~
condominium or a planned unrt dc~~~lc~pmcnt, H~~rrrwcr tiha11 ~;r!~~rm all ~~t R~~rr~~wcr't ~~hligali~ns undcr thc dccl::rati,m
or covenants crcaUng or g~~vcrning thc r~~ndnmimum ~~r ~lanncd nmt dc~~rl~~pmcnt, Ihc by-lawti and reg~datiiin< <~f thc
condominwm c-r planncd uni~ dc~~cl~pmcm, .,nd <<~nstituent ~I~..umrnr~ It a c~mdominium or planned ~~mt cic~cl~~pmcr,~
nder is ece~:uted b)~ Ro:ruwrr and re:~~rded t~~Ecther uith thi. M~~rttia~;e, the ci~~~en:intti and :igreementc of tnch ri~!.r
shal! be irtcorp.~rated into and shall amcnd ar.~i ~u~ptement thc a~~~enant~ and agreements o( ~hi~ Mortgage ac i( the r~„cr
N•erc a part hertof_
~. Profection oi I,enders Seeu~fty. lf R~.m~~~er fa~i~ t~+ ~rf~~rm the covenar~~t and aRreements c~mta~ned rn *.hi~
Mungage, or if any achon ~~r prcx-ecding it ~•~~mmrnce~i wh~~h materiall~ :~fTect~ I.ender'~ interest in the Pr~~rr~.
including, but not limited :o. cmincnt domain. mu~l~•cnc~. ~rdc rnf~~ricmcnl. ~~r arrangcmrm~ c,r (-rt~CCC(~If1gS ~mi~l~~n¢ a
baakrupt or decedent. then l.ender at I.ender's c.ptian. u~~n n~~tice !~. B~rrrwer, ma~ m:~ke such appearances. dithurse ~uch
sums and take sueh action as ds nece~tarc t~s protect Lender't ~mcrest. inclwhng, but not limited to, di~bursement ~~f
reasonable attorney's fecs and entry u~~n the Propertq to makc repairs. ll Lrnder rcynired m~rtgage in~urance a~ .~
condition o( mak~ng thc loan sccured b} ihn M~~rt~agc. Rnrr~~wcr sh:dl ~a}• thc ~rcmiu-m rcqinre~l t~ maintain ~uch
insuranee in eBect until s~ich time as the reyuiremen~ fe~r tiuch ~nsurance ~erminate. in accordanc~ ~c~th B~rre~wer'~ .~nd
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