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UNIrORM COVENANi'!. Hormwer and Lende~ covensnt and ajree u follows:
1. lyr~e~t of hMciMl a~i l~tend. Bo~rowe~ shall p~omp~l~• pay when due the principal ot and interest on the
indeMednas evidencsd by the Notc, prepayment and late chargec ac provided in the Nde, and the principal ot and iMeres~
on aay Fuiun Advanccs sccurcd by this Mactga~e.
2. th~i [or Ta:M ad l~wrs~ce. Subjcet to appficahk law ~.r ta a written waiver by Leoder. Botrawe~ shall pay
to Lender on Ihe day monthly installmenls of principal and intcrcu arc ~yable under the Note. unti) the Note is paid in tull,
a:wn (herein "Funds") eqwl to one-twelfth of the yea~l~~ taa~~ and assessments which may attain priority over ~his
Mortsaje. and around rents on the Pooper~y, if any, plus ooe•twelf~h of yearly p~emium installments for huard insurance.
plus oae-twelfth of yearly premium installments tor mongage ins~inncc, it any, all as reuonably estimated initially and trom
6me to time by Le~der on the buis of assasments and hills and rcawnabk atimates thereof. .
The Funds shall be held in an institwion the deposiu o~ accoun~s of ~vhich arc insurcd or guara~teed by a Fedenl ot
state a~ency (including Lender if Lender is such an institution). 1_ender shall apply the Funds to pay said ~aza, usessments.
insurance prcmiums and ground rcnts. 1_ende~ may oat ebarge lor u~ holding and applying ~he F~mdc. analyzing caid actount.
or verifying and compiling said assessments and bills, unless Lender pays Borrowxr intercst on the Funds and applicable law
permits Lender to make such a charge. Bc~r~ower and Lende~ may agrce io writiog at the time of ezecution ot this
Mortgage that interest on the fiunds shall be paid to Borrower. a~d unless such agreement is made or applicable law
rcquires such interest to be paid. Lender shall not be requircd to pay Borrower any interest or earnings oo the Fuods. Lender
shall giv~ to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
purpose for which each debit to the Funds was made. The Funds are plodged as additional security tor the sums secured
by this Mortgagc.
If the amount o[ the Funds held by Lender, together w~th the tuture monthly installments of Funds payable prior to
the due dates of taxa, auessments, insurance premiums and ground rents, shall exceed the amount rcquired to pay said taxts,
assea~nents, insurance prcmiums and ground rents u they (all due, such excess shall be, at Borrower's op~ion, either
promptly repaid to Borrower or cradited to Bormwer on mon~hly installments of Funds. If the amount ot the Funds
held by Lender shall not be sut6cieot to pay taxa. a~sessments, insurance premiums and ground reots u they fall due,
Borm~ver shall pty to l.ender any amount nocessary~to make up ~he deficiency within 30 days from the date notice is mailed
by I.ender to Borrower requesting payment thereof.
Upon payment in full of all sums secured by this Mortgage, t_ender shall promptly retund to Borrower any Funds
held by L.ender. If unckr puagraph 18 hereo( the Property ia sold or. the Propeny ~s othecwise acquircd by Lender. Lender
shdl apply. no later than immediately prior to the sak ot the Property or its acquisition by l.ender, any Funds held bv
Leoder at the time of application as a crcdit against the sums socurcd by this Mortgage. ~
3. App~icatioa ot Paymeats. Unless applicable law provides o~herwix, all payments received by Lender unJer the
Note and paragraphs 1 and 2 hereof shall be applied by I.ender first in payment of amounts payable to Leoder by Borrower
under paragraph 2 hercof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
principal on any Future Advances.
4. C6srges; Liens. Borrower shall pay all taxes, assessments and othcr charges. 6nes and impositions at~ributable to
We Ptoperty which may attain a priority over this Mortgage, and leasehold payments or grounti rents. if any, in the manner
p~ovided under paragraph 2 hereof or, if not paid in such manner, by Borrowe~ making payment, when due, directly to the
payee thereof. Borrawer shall promp~ly furmsh to LenJer all notices of amounts due under this paragraph, aad in the event
Borrower shaii maice payment d~rectiy, Borrowrr shaii prompity iurnish [o Len~er receipts ~videncing such payme.ris.
Borrower shall promptly discharge any lien which has prionty over th~c Mortgage: provided, that Borrower shall not be
rcqwred to d~scharge any such lien so long as Borrower shall agree in v-•nt~ng to the payment of the obligation xcurcd by
such lien in a manner acceptable to Ixnder, or shall in goud taith conte~t such lien by, or defend enforcement of such lien in,
tegal proceedings which operate to prevent the enfurcement of ~he I:en or torfeiture of the Property or any part thereof_
S. Hazard I~urann. Borrower shall keep the improvemenn noN exisung ~~r hereafter erected on the Property insurod
against loss by fire, h~zards included within the term "extendeJ coverage", and such o~her hazards as Lender may require
and m such amounts and (or such periods as Lender may reyuirc: provideJ, that Lender shall not requirc that. ~he amount of
such coverage e~ceed that amount of coverage reqwred to pay the sums secured by this Mortaage.
7T~e ~nsurance carrier providing the insurance shall be chosen by Borrower subject to apQroval by Lender; providtd.
that such approval shall not be unreasonahly withheld. All premwm~ on insurance polic~es shall be paid in the •manner
provided under paragraph 2 hereof or, if not paid in such manner, by Borrovver making payment, when due, directly to the
insuranre carner.
All insuranrr ~hcieti and renewals thereof shall he in form acceptabte to Lender and chall include a standard mortgage
clause in favor of a~d m form acceptable to l.ender_ Lender shall ha~~e the right to fiold the policiu and renewals thereof,
and Borrow~cr chall prumptly furmsh to Lender all renewal notices and all receipts of paid prcmiumc. In the event of loss,
Borrower ,h~ll g~ve pr<anpt notice to the ~nsuranre carrier and Lender. 1_enJer may make pn~f of loss if not made promptly
by S~rrower
Unless Lenuer and Borruwer otherw ~k agree in wntmg, insurance proceeds shall be applied to restoration or repair of
the Property damageJ, prov~Jed wch re~toranon or repair is economically (easible and the security of this Mortgage is
not thereby impa~red. It ~uch reuuration or repair is nut cconomically feasible or if the security of this Mortgage would
be impa~red. the insurance proceeJs shall be applied to the sums secured by this Mortgage. with the excess, if anp, paid
to Borrowcr. li thc Prupcrt~ ic abandoned by Borrower, or it f3orrower tails to respond to Lender within 30 days from the
date notice ic ma~led b~ l.ender to Borrow~er tha~ the insurance carrier ofters ro seule a elaim for insurance benefits, Lender
~s authorired tu collcct and apply the imuranre proceeds at Lender's option e~thcr to restoration or repa~r ot the Propem•
or to thc sums scrured hy this Mortgage. ~
Unlesc 1 rn~ier .,rca Burrow•er otherv-ue agree in w~riting, any such application of proceeds to pnncipal shall not extend
ct pcntpone the due ~ate ~~f the munthi~• inslailments r~fe~red to ~n paragrapht 1 and 2 he~eof or change the amount of
such ~nstallment~. !f under paragraph 18 hereof the ProF,erty is acywred by LenJer, ali nght, title and interest of Borrovrer
in and to an~ tn~urance policies and in anJ to the pro:.eeds thereof resulung from damage to the Propeny prior to th~ sale
or acqwsi:ion ahall pass to l.cnder to the tatent of the sums secured by this Mortgage immediately prior to such sale or
acquisition.
6. Preaenation ~od ~laioten~nce of PropeAy; Leaseholds; Condominiums; Planned Unit Devebpmenls. Borrowcr
shall keep the Propcrt}~ in good repair and shall not comroit yvaste or permit impairment or deteriotation of the Property
and shall compl~ with the provisions bf any lease ~( thi~ Mortgage ~c un a leaschold. If this Mortgage is on a imit in a
condomimum or a planned un~t Jevclopment. Borrower shall per(orm all of Borrower's obhgations under the declaration
or covenants crrahng or governing the condommium or planned unit develvpment, the by-laws and regulationc of the
conJominium or planned unit Jevelopment. ~nd constituent dcxumem~. I( a condominium or planned unit development
nJer ~s executed by Horrower anJ recorded a~gether with ~hiti Mortgage, the covenants and agreements o( such rider
sfiall be ~ncorporated int~ and sh:+ll emend anJ supplement the co~enants and agreements of th~s Mongage as if the rider
w~rre a part F.ereo(.
7. Proteeti~n of Lenders Securfty. If Bnrrc~Her fa~ls t~~ perf~rm the covenants and agreements contained in this
Morlgage. ur it any act~on ~~r proceeding ~ti rummence.f which materially aticcts LenJer's intere~t in the Property.
tncludmg, but ~~ut hm~ted to. rmment doma~n, m~~l~~enc~. c~~de en(orcement, or arrangementc or proceedings invohing a
bankrupt or decedent. then 1_enJer at I.enJer'~ option, upon nc~tice to Borrower. ma~ make such appearances, dishurse such
sums and take such ac~ion a~ ~s ne.e~sar}• tu protect l.ender's imeresl, ~ncluding. but not limited to, disbursement of
reasonable auomey's (ees and entry upun the Propen}• to make repa~rs. If Lender requircJ mortgage incurance as a
cond~hon oi mali~ng thc loan secureJ b~ this Mortgage. Borrcv-er sh.dl pay the premiums requireJ to mainta+n such
insurance in rticct unlil such time as the rcyuirement for tiuch msuran:e terminates ~~ accordance with Borrowcr's and
~ g ,'' 350 Pa~E 1984
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