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UNIFORM COVENANTS' Borro~ver and lenaer covenant and agree aS tollows
1. Payment of Principal and Interost. Borrower shall promptly pay when due the pnnc~pai of and ~nteiest on tne
~naebtedness ewdenced by the Note. prepayment and tate charges as p~ov~ded ~n the Note, and the pnnc~pai c.f and ~nterest
on any Future Advances secured by !his Mortgage.
2. FundsforTaxesand Insu~ancs. Sub~ect to appl~cable law or to a w~~tten wa~ver by ~endPr. Bor-ower snaii paY
to Lenc~r on the day monthly ~nstauments ot pnnC~pal and mterest are payable unde~ the Note. unt~l Ihe Note ~s pa~cf ~n tuil
~~ sum ~here~n ~Funds") equal to onetwelfth ot the yearly taxes and assessments wh~ch may atta~n pnor~ty over tn~s
Mortoage and ground rents on the Properiy, it any, p~us one-lwellth ot yearly prem~um mstalimcr,s tor hazard ~nsurance
~ius one Iweitth of yearly prem~um ~nstauments tor mo-tgage ~nsurance. rt any. a!i as reasaonab~yest~mated ~n~t~allyand trom
t~me To t~me by Lerder on ihe bas~s ~t assessmeMS and b~lis and reasonable esUmates thereot.
The Funds shah be held ~n an ~nst~tuhon the depos~ts or accounts ot wh~ch are ~nsured or guaranteed by a Fe~ie~a' ~r
~caie agency+~~clud~ng Lender ~f Lende- ~s such an ~nst~lut~on~ Lender shaU appiy the F;.,nds to pay sa~d taxec. ~ssessmr.ms
~nsurance prem~ums and gro~nd rents. Lender may not charge br so hold~ng and appiy~ng the F~nds. analyz~ny sa~d account.
o~ venty~ng and comp~l~ng sa~d assessments and b~lls. uniess Lender pays Bonower ~nterest on tne FunCS anci appticabie i~w
pem~.ts Lender ro make such a charge Borrower and t ende- rnay agree ~n wr~t~ng at the hme o' execut~on ot th~s
Mohgage tnat ~nt2rest on the Funds shall be pa~d to Borrower. and unless such agreement ~s made ur app!~cabte !aw
requ~res s~,ch ~nterest to be pa~d. L~ntiershall no! be requlred to pay Borrower an ~ ~ntereSl or earnings dr~ ine Fund's Lender
s~;au gwe to Borrower w~thout charge an annual account~ng ot the F unds show~ng cred~ts and cieb~ts to the Funds and the
c;^r,^,osc~ tor r:h~ch sach debR to the Funds was made The Funds are pleaged as eddit~ona~ ser.unty fo~ the sums secu~ecf .
t ~ rh~s ti1c~?gage
ft the amount of ihe Funds netd by Lender iogether wrth lhe iuture monthiy mstaUm~nts ot Funds payabie pr~or to
~h•~ ~2ue dates of taxes assessments msurance prem~ums and gro~nd rents. ~hall exceed the amouni requ~~ec7 to pay sa~ci ~axes
dsse~smen!s :ns~ranee premiums and ground rents as tney faii due sucn excess sna~i be at Borrower s opnon e~tner
,~rompt,y +epa~d to Borrower or cred~ted to Borrower on monthly ~~stallments of Funds It the amount of the Funds
r,e:~i t>~,~ ~ender sha~,.not Ge sulhGen? to pay taxes. assessments. msurance prem~ums ancf graund rents as they fa~+ due.
Bcr•~,wer shai! pay tq Lenper any amount neceSS~,ry to ~nake up the dehc~ency.w~th~n 30 ciays from the date not~cP ~s ma~ieh
:,~; ie^der to ec~r+ovrer ~equesting payment ther~ot. ~
Up~~n payment in fuil ot ail sums secured by tli~c ~Mortgage. Lender snai! promptiy -efund to Borro~ver any Fu~ds
~~:e ~! by Lender 1f under paregraph 18 hereof the Property ~5's~ld or the Property ~s other,,~se acqu~red hy Lender Lender
>ha,~ app~y. no iater tha~ immed~ately pr~or to thQ sale oi the Rrpperty or ~IS aCqwsit~on by i.en~ier any Funds hetd Ly
l.en;~e~ at tne t~me ot appl~cai~on as a cred~t aga~nst the sums secured t;y th~s Mortga0e
3. Appiication of Payments. Un!ess app~~cable ~aw prcv~hes othervr~se a~i payments rece~ved by Ler,der i.ecler the
i:,:~!e a^ci pacagraphs t and 2 hereot ;ha!i he app~~ed by Lender f~rst ~n payment of amounts paya[ile to Lende~ t~y Borrower
,.'tilc" ~~afBC)!dp!' 2 h@/C01 (h@f~ to mteresf p~y8b~e on ?he Note ihen i0 Ihe pnnc~pa~ ot ihf' (`10te d~ld !hen tG ~nte~est ar:~i
:,-:^;:.p<,! on any F~~?ure Ad~•ances
4. Charges; Uens.; Borrower shai! pay a~, taxes. assess!renis and other charges. fines ard impos~Uons attnbutaG~e to ~
'^e Property .~•h~Ch may altai~~a pnpnry bver th~s ",~ortgage and ieasehoid paymenls or gound rents +f any. ~n.the mann~r
;;~~.;v~cied u~der paragraph ~ hp~reo~ o- ~t rot pa~d ~n sucn rranner ~y Borrowe~ mak~ng payment when ci~e. d~rect~y to tne
ua:ee therebt~onow~r shalt prOmptly fur~i~h tc Lender d~i not~ces ot amoun,s due under th~s paragraph and ~n the event
~r,rrower6hafl'~make ~5aymtn~,d`~c~j : 6 rrOVlei shali prompt~y furnish te Lend~r rece!pis ev~dencing such paymenis
Bcrro•.ver shai! promptly d~scharge'~f I~n"JVRich has pnonty ove~ th~s Mortgage. ~rowded. that Borrower shall not be
~equ~~ed to d~scharge any such F~en so iong as Borrower shali agree ~n ~vntmg to the payment ~1 the obi~gat~on secured by
such i~en m a manner acceptabte to Lender. or shai~ ~n good fa~th r_or.tes! such I~en by or dete~d entorcement ot such i~~:n ~n
ega~ orcceed~ngs wh~ch operate to preveni the enforcement oi the I~en or forfe~ture of the Prope~ty or any pa~t thereof
5. Hazard Insurance. Borro~ver shaii keep t1e ~mprovemenss now ex~shr,g or +~;e~eafter erected o~ ?he Property ~nsured
aga~~st !ass by f~re hazards ~nc~uded wrthm the term ~extended coverage and such other hazards as Lender may ±equ~re
a~~t ~n such amdUnts anc~ }or such per~ods as Lender requ~re. ~~ov!decf. ihat Lende~ sha~i not reqwre tr~at the amount ct
s::~" ~o~.eraae exceed that'amount of ~overage ~equ+red td~pay the sum'sec~-ed by ?h~s f~4ortgage '• ~~~
Tn~~ ~nsurance carner prov~d~nq the ~nsUrance shal; he rhosen by 9orrov.er'subiedt to approvat by L`entle! prov~ded?>
'~at ~;.;:~ aporovai sha!~ not be un~easonably w~ihhe~d A1! premiuR?S on. rnsUrB~Ce nt~liGies Sha~~ be p~id ~n the ^:anne*
~fGrI::PC3 U(1CjPf ~idfd~ic~3nil 2 C?e~eOf O( t1 f10i C)i.i~C1 i^: SUCh f~la!1^;f?.' C;~' e0.'rCj:VF-! f"~3kinC~ 7cly'/!1Q!1? '.L'hf'~ ~~UE ~~/I?Cil'~! tG'hE.'
~S::f::^CE' ~3rnFr
A~i ~nsurance pof~c~es and ~ene•.~.ais ?herect sr~a~~ he «!orm acceptah~e to Lencier an~ st,a~~ ~~ci~:de a s!anda~c3 mortgaye
c!au~e ~~? `av~r ot and ;n r~,rm acceptab~e t~ Lender Lender shal! have the ngh? ?o ~o,h ihe pn!:c~es and !e^.ewais thereot.
and Borro•:~e~ shai! prompcty furrnsh ta len~fe~ an renewai nonces and a~? rece~pts ot pa~d prerr,~uR'~s In the event of ~oss
8o~ro:ver s~al! a~ve prompt nohce to me msurance carner and l_ender Lender may make p~oof ot ~oss ~f not made-prompt±y
;y Borrower
U~iess Le~~dE~ 8!':~i 6~rrower otherw~se agree ~n •.~,•~rng ,nsurance proceeds sna~~ be app:~ed ta restorat+on or repa~r ot
?hn properiy ciamaqed. prov~ded s~ch +estorat~on or repaor ~5 econom~ca~ly fFas~t~ie and !h•~ secur~ty o! th~s nlor!gage ~s
r;,r ~r~ereby ~mpa~!ed I? su~r~ resterat~on or repa~r ~s no? econom~ca~,y teas~ble o• ~t the sF~cu~~ty of tn~s Mortc~age •.vo~~r~
be ~:npa~red. the ~nsurance•proceed~ sh3;! be ap~i~eci to ?nu s~rms secured by !h~s Mor,gaye :v~ih the excess ~f any pa~d
~o Bor!ower If lhe Property !s abandoned by So~rowef. or il BOfIOWef faliS iG ~ESj~Ond (O Lef1dP~ w~th~n 30 days from the
~~a;P !1v11Ce ~s rna~ied by Lender {o Borrower that the ~nsu~ance carr~er offers to sPti~e a c~a~~.^ for ~nsura~ce benehts Lende~
c dl:!h~')ftZE'd t0 CO~iECi ar,~ appiy t'~e i^SU'c7(?C? p~OCP.e'15 af LenCler s OptiOft Pi'hP~ iC. rc'S'G'~)':Ofi Or ~E'(?d~r ;~i thB PfOC•Bfhr
o• !o tr,e sl:nls secUretl by th~s "~tOitgage ''
Unless Lendef ard Borrower othervr~se agree ~n wnt~ng any such app~ica?;on of prpceecfs to pc7nc~pal shati noi exterd
~• p•;c':DOnP. ihe due date vi !he mp~lih!y i~Si~limenSS /E?tP~t@d i0 +n p3.'8~!dCthS ~_~lnr1 2 hPrfipf O' ~hc]!1cjE? thP aft'tOUni Of
;;,~r mstaiiments It un~e~ paragraph ~ 8 hereol !^e P~operty ~s acqu~red by Lendur a r~ght ?:tle a^C ~~terest of Borro.ve~
~ ann tr. any ~^;urance pa~~c~es ar;r~ :n ~r.d to tne n!oceecis therea} resuii~na ;r~'n ~!am~ye to the Property prEor to the sa:e
~' aC'~UiS~!:O^ sha!~ pass to Lenaer '.'~ ihe eY;en! G~ 1he Su~T15 SP.CiJ~°(l r~y' t~~S '~!i~'tC~a.'~E' ~fr?f??f dtd2e~y pnor to such saiE J~
~~ ~~~ S~t!~1~
6. Preservation and Mainte~ance oi Property; Leaseholds; Condominiums; Planned Unit Developments.
8,r•n:rer s~aii r.eP~ the Property ~n yood repa~~ an~i shai! no! romm~t was?e or perm~t ~mpa~rment o- detenorat~~n ~! thP P~o
'.';~-'•., 3^(; ~hd~~ ~~:n1r:~j With t!'E? prG`:~SiGnS G} c~!1y IeaS@ ~~ t~~S Wlortgage ~s on a Ieasehoid I1 thi5 MOrtc~~ge i5 on ~s ur~i ~^ c~
^c:r;m~m~ur.~~ or a p~a~~ned un~t deveiopment Borrowcr sha!I perform ai! of Borrotver s oGi~gat~ons ~mder ?he dec'arah~ ^
-.:r,vEn~nis ^~ea;~ng c;; gove~n~ng the co~domrn~um or piannp,d urnt development the by :aws and ~eguia?~ons o` '^e
,..:: in.,~m ~tr pi~rtn2{7 ur~t deve~opTe~t and Constit~en' documents If a cendom~mum or pi~r!ned uni! deve n, -r.e^'.
. jer ~, ~Xecuted b~; E3o~ror~er and ~ecorded together with thi;~ Mortgage ?he covenants dnd ayrPeT:ents n' suc~, ~~~ t~~~
.• ~ ~,~~~ :n~ J!F;•ated 'n~0 a~d Sh~!, amend and supp~ement tne covenanis and agreemenrs ot ?~~s !Ac,rtgage as "^t~ ~~~;e-
.. •~. :, .,a~? r:.er~ot
7. Protection of LendePs Security. If Borro:ti~e~ !a,is to perfcrm t~e covenants arr~ agreemen?s conta~nen :~ !h;~
. :dC)P C.f ~! ~ny ~;~hG^ O' p~!ICPf'~l"1C~ i5 CO!T1R1ef1CP~ WhtCh matera~~y BffPC?S l_"'1dPr g ~n:P'P5f ~.'1 SrP PrO. f''';
' : :~^~;; (?t.f t~:3? '~f* ,iPr1 ?~~ ~•TinPn? (~Ofndin if1SOIV@nCV. COd@ enfOICE'TP.ri Gf 8t~atlCJf_:T.R'1S5 O' F?'OC:@eCi~f'.C~S "1`:O ~ ^O <~
.- .•,.Cr f)- `:F'CPl1e^1 1~,F_'n l°^.'7C! d! ~E?^!1P.' S Op?~O'1 UpOn f10f~Ce 10 BOfrOtYc~~ Tay !?'.~7kE' SUCh dp(3@8'anGeS CItShU~Sf' Si.Cr'
-, . :o•„; •3iC• ~:.;''h ~,''ir;^. Fl~ !S neces~~iry tC proteCt Lender 5 mte!CSI ~f~C~udiny hut n~;t !itrii@d ~O C1~SbU~SPfr+f?~~i= '",f
. ' iI.•• ; •';~'y ~ `PF; ~^.~:7 P.^,i~y ;1(ip!t !hQ PfOperty to make repa~rs I! i_P,`1CjP' ff:(]U"eCl !!~OlSQaOC ~ftSii'l".,"E ~i>. -i
-.. ^<,N,~~~ Ire r,<~r ~F• ,~'e~. r,~ !h~s ~~!o+tgage. Bona~~~e~ sha'~ pay rnf p~E~mi~:rns reQu~rr~d ?r~ T:~~r,!~;r. su,-r,
, , ~,...- ~. .. t,r~P. ? . ,.,':h .'tr~,E' ~lc ,'nP'~~(II;~iF?fT'c~rl' f7' SUCfI ~!1~U'~!1Cf' iP'f!~I!1~iiFS Ifl ~~CCn~!yclllCF LY1~1` ~O!"~:VP! ~ 3'1~:
,~riw.+°i 8 c3s~ t~~ybQ