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UNIFORM ~~OVfN~NTS. BPfCOWtf aI1lI I.COtIII l'~~~'Cn;lill :~nci :~~!~CC .~~ ~~~~~~~M'~"
1. P~ymeat of Pri~clpal and Interest. Hi~rn,N~r ~h:,u r~~~~~,~~i> p~y Hhrn duc thc pnncip:d „t anJ ~ntcrest un Ihc
~~debtedneu evideneed by the Note, prepayment and late char~~r. a. ~ruvi~ied ~n the f~ote. a~d the principal of and interett
on any Futu~e Adv~nces ucureJ by th~~ MortgaRr.
2. Fuads io~ Ta:es and insuraace. Subjrct t~, appli.ahlc law ~~~ io a wn~~en v-•~~ve~ hy l.rnder. Borrowe~ Shall pa).
to Ixnder on the day monthly inctallments of pnncip.~l :+nJ ~mrir.+ .ur ~~.~yahlr under thr Note, unt~l the tiote iti p~id ~n fuil.
a sum (hercin. "FunJs") ryual to onc-tHClflh ~~( thr ~r ~rl~ ta~.•. an.i a..c~~mrM. Nh~ch may attain pni~riry ovcr th~c
Morigage, and gruund rents on thc Pro~xri~. ~f an~, plu~ ~+n~~-~Nrlt~h ~~I ~~arl}~ prcmium ins~allmcnts for hazard imur:~nce.
plus one-twelfth of yearly premium in~tallmcnt. f~~r m~~rtgagc ,n~~~~~rrcr. ~t an}•, all a. rcati~~nahl~~ c~~imatcd initially and from
time to time by I_e~dcr on the b~siti nf :e..c"~ncni. :~n~ h,ll. and rrn,~~n:+hl~ esumate+ Ihcrcoi.
"Ilie Funds shall he held in an inshU~tu.n thc de~n~t. ~~r .~ccuuni~ ~~t which are iu~ureJ c.t gu:+ranteed b~ a federal or
state agency lincluding l.cnder if Lcn~cr ~ti ~urh an imntuu:~n- I rnJrr ~h~ll apply thc Fund~ to pay ~aid ta~c~, asticismrnts,
insurance premiums and ground re~t, 1 rndcr m:~~ n~~~ rhargr t~~r .~• h~~lding :+nd :~p~l~~~ng thc Fund. :~n:+l~~ring ~aid a~c.~unt.
or Yerifying and compiling said astie~.mrnt, :~nJ hilh, unle~. 1 rndcr p:+~+ H~~rrower in~erett ~~n the Fundti and :~pplicahle law•
permits Lender to make luch a charge B~~rmwcr and Lrn~rr may a~zrer in writing at thr timr .~t e~eruti~m ot thn
Mortgage that interest on the Funds sha:l tk p3~d to Borruwrr, and unl~~ti ~uch agreemr~n i~ maJe ~~r apPlicahle IJK'
reyuirts such interest to be paid, l.cnder ~hall m•i Fx reyuir~d t~~ pa~ H~:rmNCr am intrre~t ~~r c::rnin~~ ~~n thr i=und~. Lcnder
shall give to Bonawer, without chargc, an annual .ica+untin~; ~+f thc F:~n~l> >huv-iiig rrcdhs and dch~t~ t~~ ~hr Fund+ and thc
purpose for which each debit to the Fund, wa. maJi. ThC Fu~~d, ar~ ~lydgcd a~ a~d~t~~~nal .rcunt} f:~r ~hc ~um~ .erurrd
by this Mortgage.
If the amoum of the Funds held M• Lcridrr, togcther ~ith thc futurc munthl~• imt:~llmcnts af Fim~k p:~~•abl~ pnor to
the dut dates of taxes, as~essments, msurance ~remium~ and gn•un.l rent,, tihall r~cced the :~mount rryuired tu pat~ ~aid ta~es,
ustssments, insurance premiums and gruund renh a, thr~ tall ~ur. tiuch c~cc~~ tihall be, at H~~rruHCr'~ upU~~n. eithcr
prornptly repaid to Borrower or crcdneJ to Bi~rrower i~n munthlY ~:~~tallmcnts of Fund~. If thc amount c~f thr 1•unds
held by Lender shaU not be sufficient to pay taxcs, asze.timcnts, imur:u~cr prcmium~ anil gn~und rentti as thr~• fall due.
Borrower shall pay to Lender any a~~nunt necetis~r~ a~ make up ~he dehri~ncy within 30 da~~ from the datc nc~hce ~ti mailed
k~y Lgndtr to Borrower requesline p:+~mc~it ther~~of. -
tl~n payment in full of alvl sums secured by th~c MortRaKe. Lendrr shaU pmmptiy retund to BurruNCr any Funds
held by Lender. If under paragraRh lt; hereof the ProFxrtt ~. ~uld ~u thr Prupcrt~ is other~•i.c acyuircd n}• I.rndcr, Lrndcr
shali apply, no later than immcdiatcly prior t~~ thc ~alc ~+f thr F'ru~rty or it~ acGw~~t~on h) Lcnd~r, any Funds hctd by~
Lender at the lime ot applicstion as a credit aga~nst the sum~ secured hy thi. ~t~rtgage.
3. Application of Payments. t!n(e~s ~~ri~~ani~ law• p~:~-~drs ~,ther~~i~r. all p:rymcntti re«i~rd b~~ Lcndcr unJer the
Note and paragraphs 1 and 2 here~~t sh:~ll tx ap~lied bp I cnd~r fint in p.+~mcnt ~~I amuun~s p:+y:~hle to Lendcr hy Bc~rr,~~er
under paragraph 2 htreof, then tu mterest ~ayablc on thc ?~iutr. then tu thr prin.:ipal uf Ihc ti~~te, an~l then t~~ interrst and
principal on :~ny Future Advanccs.
4. Charges; Ltens. Borrower ~hall p•s}• all ~n~rc. a,~cst~irnts asid cuh~r rhargc~. finc, and imp~~~ihc~nc attrib~itahle to
the Property w~hich may attain a pnority over thiti Mortgagc, and Icacchc~ld paymcnts or ground rents, if an}~. in the manner
provided under paragraph 2 hercof or. if nut paid in such manner, b~~ Burrower making payment, when due, Jirectly to the
payce thereof. Borrower shaN promptly furnitih to I.en~ier all not~c~e~ of :~mour.ts due under thiti paragraph, and in the event
Borrower shal) make payment directh~. B~~rn:wrr ~hall prompth furn~tih_ t~~ I.endrr re~eiptti e~'idencing such paymenis.
Borrower shall promPd}• discharge any lien whi.h h.,s prumt~ u~cr thi~ Mortg~~;c: proviJcd, that Borrower shall not bc
rcquired to diuharge any tuch lien u> long as B~~rruNCr tihall a~ree in unlmb tc~ thc pa}~ment of the ob6gation secured bt~
suc6 lien in a manner acceptable te~ Lender. ~~r ~hall in g~W~d faith a~nte~t ~uch lien h}~, or .lefen.l enforcement of such lien in,
legal ptoceedings ~ahich oExrate te~ pr~vent the enf~~rcement of thr I~rn ~.r forteitur~ o~ the Properp• ur ~n~ part thereof.
S. Hazard Insurance. Borrower shall kccp the ~mpru~emcnt. nc~N c~iwng i~r hereaftcr ere~ted on Che Pmpcrty insured
against loss hy fire, hazards included whhin the term "~~ten~leJ cweragr~~, and such other hazardt as Lender ma}' reyuire
and ~n such arn.~un.s and for such ~ rioclti ac l.ender m:+y~ reyuirr; pr.~videJ. that Lernier ~hall not reyuire that the amaunt ~.f
such coverage e~ceed that amount ~~f c~verage rey~nred ro pa} th. ~e~m~ ~ecured ~hy this ~lortgage. . .
'Ihz insurance carrier oroviding the in~uran~e ~hal~ be chosen b~ Borruwer subject to approval by I_ender, provided,
that such approval shalt not be unrea~unahly withheld. .qil prrmium. e,n :nwrance p~~iicies shall be paid in the manner
prmided unJer paragraph 2 h~re~~i ur. ~f not pa~d in wch manncr, h} B~~rrouer mak~n~ payment, when due, d~rectly to the
insurance carner. ~
All insurancc ~~Itcie, anJ reneualc th~re~~t tihail tx in fu:m .~cc~~~t.+bl~ to I.en.irr and sh:~ll include a titan:lard murtgage
clause -n fav.~r ~~f and :~ form accept.~hle tu I.~n~er. Lrndcr tihali ha~e the nght tr. huld the ~~Gcies nnd rcnewals therevf.
and Barruwer tihall pro~iiptl~~ fu;n~sh to Lender all renrwal nouceti :~net ali rece~pts of paid premium~. In the e~~ent of lo~ti.
Borreiw•er tih:,ll give pr.~mpt nut+.~~ t,r the ~n,ur.~nce carner and Len~i~r. Len~lrr ma}' makC pn~.,t of loss ~f not made pr<~mp~l~
by Borrowcr.
Unless Lender and Bnrr~>HCr othrr«a~r .aerer in ~ntinc;. imur.~ncr pr~xeedc shall tx applied to rest~~rati~~n ~~r repair ~~f
the Propert~~ ~lan~:-Rrit, pre~v~~l~;1 ,u:}i rc~turat~~~n ~,r rc~:iir ~t rcun~,miwil~ frasihl~ ar.d thc tiecurity of lh~s Mor[g~ge ~:
not thcreby ~mpaircd. It surh r~~turetinn ur rcp.:!~ is n~~t r~~~n~~rni~.~~i~ fc:~,~tiic or ~f the secunty of th~s ti1~~rtgage H~~idd
be impaired, the ~nsurance pru~:ee.f~ ,hall be: appli~d tu thr tiums xc:~re.i hy~ ~hn MUf~x:lg1', HIIFI the excess, if an~, pa~d
to Borrower. It the Propert: i, ah.,nd~med h~ tiurmHrr. ~,r ~! Bi~rr~~~cr failti tu rc+p~md ti~ I.endcr within 30 da}~s trum thr
Jate notice i~ n::uled b~ l.e~nier t~~ H«rruw~: th.~t tt~~ ~n;ur.incr ~arrirr c~ti~n t~~ .ettle a claim for insurance henefits, I.erder
u authurizcd t~~ ~i~llcct and appl} thc inwr~ncc ~r~.~cccd. .~t Lcn~lcr~~ up':rn crther tc~ r;-st~~raUOn c~r repair of thr PmExrt:
or to thc sunu tic:urcd h~• thi~ ~1~~rtgagc
Unlest Lende~ .ind Borruwrr ~~~her~i~r .+~,ree m unting. ~m ,urh .~ppl~c:~uc~n ~~t pmceeds to pnnc~pal shall not c~~cnd
vt posipone thc ~uc datc of th~ r,umthl~ in~ta?lment~ rcfrrr~d tr~ in ~e~agr~ph~ I~nJ 2 hcre~~f or changc Ihc amuunt ~~f
such ~nsta!lm~nts If under para~ra~h :2+ hereo[ the Pre~Ex:rt} i~ acyuire~! h~ Len~cr, .,II nght, htle and interest of Borr~~wcr
in and to any inwrance policies and iii and to the pr~~cceds thcre~~f re~utting trum damage to the Yroperty prie~r to thc :,alr
or aeyw~~tion shali pass to Lender t<~ th~ e~tent ~~f ihe .ums ~eci::cd hy thiti ~tortgage im~~ediate{y pnor t~ .uch ti:+ie c.r
acqwsitian.
6. Presenalion and ~taintenance of Propert}: Lea+rhulds; ('ondominiumti; Planned l;nil I)evelopments. Bc~rroNCr
shall keep thc Propcrt}- in gaTd repair and tihali not comrpit waste <~r permit impairment or dete:ioradon ot the Propcrt~~
and shall cvmply with tiic provi:ivr,s vl an) Icase ~t thi, ~1„rtKakr i. irn e le:~srhnld. If thi~ Morlgagc is on a unit i~ti r
condominiurn or a plsnncd unit dc~~clopmcnt. Borrc.wer ~hal{ ~xrt~~rm .~II of B~rmwcr's ~~bl~gations undcr thc dcdaraUrn
or covenants crrat~iig or guverning the c~mdumini:~m ur planncd unit deve!~+pm~rit. Ihe by-laws and regulationt :~f the
condominiucn or planved un!t develupme:it. and constit~se~! ~I~~~umen« If a cun.iuminium or pl:,nned ~n~~t devrl~~pmenl
nder ~s execuied by Berruwcr and re~~~rdr~l t~~iether ~+ith ~hi, \t~~rtgage, thr anen:~nt~ and agreemen:s ~f tiuch nifrr
shall be incorporaled ioto and shali ~mend ~n~l wpp!rment the cu~enanta an~l agreements of ~hiti Mortgag~ as ~f the nJer
were a part hereof.
7. Protection of i.eoders Security. if Ri~rru~er f;ulc t~~ prrlc~rm the covenamti arnf agreements cuntai~ied in thi~
Mortgage, or if any actiun ~~r prcxccding iti c~~mmrnrc~i uh~ch rn.i~rrial~y .~firctti I.cndcr'ti ~ntcrrtit in thc Prapcrt}.
including, but not limited tu. cm~nent domain. im~~hcnc}. «~dr rnf~~rremcnt, ~~r :trran~cmcntti or pr~kecdings i^vol~ing a
bankrupt or decedent, then Lender at I ender'ti opuon, up~m nohce tu B~rre~wer, ma} make such appearances, dishurtie such
sums and take such action as ~s necessar}• tu protect Lender'c mrerest. mcluding. bu: not limited to, di~bursement ~~f
reasonable attomey's fees and en~ry upcm the Properry to make repairs. If Lender reuuired murtgage insurance a~ :+
coodition of mak~ng the loan secureJ b~~ this '~tortgaec, H~~rm~+rr sh.~ll pa~ the prcmiums requ~red tu maintain wch
insuranet in effiect unt~l~such time as the reyuirement te;r tiuch :nsuranc~ terminate~ in ac.ordance with Bormwer's and
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