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~ ~J•Jic~i'.1 C:': E`:AhTS 8nr~n~~r• •••r1 ln'~t1P~ co?r~~.~~~~ dnn a~~•r+ .~t !u ~aws
t P~vment of Pr~nc,pal a~~d I~~t~~est ~W~O~~~'r 1'~;17 pr~'m(1;f~ ~•.I,r~~ (!u~• !I~P ~~nnGhJl U~ J•~~1 ~nll`~PCf (~n thC ~f1•
CPD•t~•~Ctt -c ~t~~~ce~! b~' tn? t~ut~ ~~rN~il;rnnnt anJ late ~h~<<:cs p•+,v,rv•~1 .n it~.. k<~t.• .~n~t ttic pr,~~~ ~~~at .~~rl ~~t~•rCit On
an~ Fu!u~e~ ~+.1V,lnC2i SCCurr~t by t1~~~ \1~rtqaye
2 Funds fOr T~a@S and 1~1SU~.u~tQ $i~h~eCl lu il~fN.C.~hle I,f~v to d~:~~llrn ~v.nvr~ t,y Len~t~t~ (jnn~~wpr SI~,~~1 p1y 10
lPf~(~^I Q11 Ir1t~ Il.fy II1W1~h!~• ul~~.lllil~~!r11ti Il} ~)r111~;1;).11 ~J11~1 ~~ltl'~P~t .1~~• (iJ~'J~?N 1U1t11•r tl1~• ~~1~I~ 111~1~I INN ~~.11~• KO.U1~ ril }UI) J,11T
~I~rec~n ~ Funt!s )~•r~~ld! !n U~h~ t~'rr~llh UI ~.•.uly (.~a~•~ dn~l .~~ti~•»n~c~~le ~Vh•~ h m.lt• .~tld~~~ {~n~u~ty hYrrr Uny 11~1M1~P.r~n. J~t(~
g~0und reni5 O+~ tl~l` P~ui~~r1V ~1 ~ny ~du5 unn hte~lth ol y~.~~ly ~i~~•nuum ~n;t,Nlmnnl~ Itcr h.~1.~n1 u1~lUd~~VS (11US O~~P IWCU~h O~
' ~ra~~y prem~um ~„swu~nen~~ ~u~ mu~c.~~i{C ~~~~~uanCl•. ~1 a~~Y ,lN .l1 ~c.~yunal~ly i•~Inn:~tC~l ~n~1~.Jly .~~NI I~cnn timc to I~mr, I~y l~mtrr
o~? Ihe b~c~; ol .~~:«•L,~~ucu~, .~n~l I~~IIS .~n~l ~~•.~.~~n.~ldc ~~~tun~~~~~ ll~c~c~~f ~
TI?~ FUnel~ 51~.~11 I~C I~~•icl ul .t~t u1~t~luUU~~ tly~ ~I~q~t~~il[ ~~r .p ~'u~uU~ u~ Wlu~.lt .ui• n?~.wM) ~~ud~.ln(Ce~l !~y .1 F~tl«.d i~r Sf ~1C i
OgCnCy (~nClu~l~rn~ l~n~le~ d LeuJet ~u~:l~ .~n ~n~l~tuhun) Lcn~lc~ til~~dl .y~~dy I:u~ furnt~ lu I~,~y ~•n~l t:~a~ts. a~seti~~ncnt~. in• I
Su~~nCC p«nt+ums .l~xl y~ou~x1 ~+~~u~ LC~~dirt miy nut thi~~~e (ur ~u I~ut~l~ny an~l :ip~iiyini~ Il:c Fun~is. a~~.~ly~~m~ s~ud account. or ~
verdyuig ~nA COnq>il~ug SJ~d JSSe~SmCnts and bdls unl~ss lc~Nlcr pays B~n~uwe~ n~teu•sl un IhC Furnis ~nd ~~~pl~CalilC i~w ~r•
i
m~ts lcndcr W moke such a ch:u~~c Bunower an~1 Lcndc~ m0y :~g~~e in wnt~ni~ ~t the h~~C oi cxCCUt~On ~~I tli~5 Mor~la~~e that ~n•
terest on the Funds sh~ll tn~ na~c' to Dotrower, ind u~?less suth ,~y~~ement ~s macfe or a~pl~cable I;,w icquues such ~ntcrest to be
p~~d. Lendc~ shall nw Ix: ~equnc~l to pay Bcar~ower a~~y mtcrest o~ ran~m~~s un the i-u~~~ls Lendet shall 1rvc to ~t~rrowcr. vnthout I
ch~rge, d~~ Jn~tu31 3ccouMu~,y o1 Ihi f!inds showin~ Cred~ts ~n~l del~us tu il~e Fu~uls an~l Ihe ~?wpose lor vihict~ each d~:bit lu ihe
Funds.was ~nadc Thc Funds irc ptedgc~t as add~uoi~al secuuty ic?r tl+c sun~s secu~e~i t~y tlus Maa~aJc. ~
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If the amuunt ol lhe Funds hcltt I;y lr.n~lci. toqether with the future m~nthly ~nst~ilments ot Funds payal~fe pno? sa the due
ddl@S OI f7~05, OSSCSSmC~~lS ~nsul.l~fCC p?CmiumS ~nd gtOU~~~) tCn~S. Sh~'1 CxCCCd IhC amOU~tl rec~uuc~l to pay SaK) taxes.
assessments.ms?~rince premiums ind gruuiid rr.nis .ls tl~ey lall duC. such extess shall I~e. at Borrowers option. e~ther promptly
rCpdid t0 BOrro~ver ot CrCditC~l to Borr~~wC~ on ntonihly ~nsl~limenis ol fu~~ds lf the ~mnunt ol thc Funds he~d by Lender shall
not be sut6acnt to piy tazes ossCSSmcnts. ~nsuranCC p~em~ums ~nA c~round icnts as tlicy fall due. Borrowcr shall p~y tu Lender
any ~mOUnt necessa~y to make up Ihe delic~ency w~ih~n 30 doys hum the date noUCC ~s ma+icd 1?y lendcr to Bu~rower
requestmy payment thereo}.
1lpon payment ~n lull uf all s~ims secured t~y th~s Morti~a~e. Lencter sh~ll promptly relund to 8orrovier any Funds held by
lender I( unde~ pa~ic~rapl~ 18 hcreut tif~e P~opertv ~s sold or the Property ~s olherw~se acqu~recl 1~y lender_ Lender shall appiy, no i
latcr t~~n immedw:ety pno~ to the sile ot the P~operty or ils OCqu~s~hun by Lc~dcr. any funds hcld by Lendcr at the Ume Of
app6ca~~on as a cred~t aga~nst the sums secured by th~s Mortgaqe -
3. Application of Payments. Unless appE~cabte la~v prov~des otherw~se. all payments recerved by Lender under the Note .
and parag~aphs 1~nd 2 liereot s~all be appl~ed by ~Lender f~:st ~n payrt~cnt ot amounts payanle to LEndcr by Borrower under
paragrapl~ 2 hereof, then to ~ntcrest payabte on the No~c. ~hen to tt~e pr~nc~pal ol ihc Note. and ihen tu imerest and pnncspal on
any Future Advances.
4. Cfiarges; Liens. Borrower shall pay all laxes. assessme~its and ott~cr cha~~yes. t~~ties and impos~tio~s attr~Uutable to the
Prope?ty wh~ch may atta~n a pnorny over tn~s Mortc~a~e. and leasehold payments or yround rents. ~i any, in the manner provided
under paragraph 2 hereot or, if not pa~d ~n such manner. by Borro~ver mak~nc~ payment. when due. d~recUy to the pa~•ee [hereot.
Bortower sha11 aromptly furn~sh to Lender afl nouces ot amounts. due undcr th~5 , ~~ag?ap~~. ~:~d m ~nc evem 8orro~ver sha~l
make payment d~rectly. Borrowe~ st~all promptty turn+sh to Le~~der rece~pts ev~denc~ng such paymems. Borro~ver shall promptly
discharge any lien which has pnor~ty over th~s Mo~tgage: prov~ded. tliat Horro~vec shatl not be reqwred to d~scharge any such _
lien so long as Sorrower shalt ~gree ~n wnting to the payment of tf~e obligat~on secured by such I~en m a manner acceptable to
lender, or shall in good ta~th contest such lien by. cti ciefend entorcement ot sucli I~en m. legal proceed~ngs wh~eti operate to .
prevent the entorcement of the lien or forfeitu:e of the Property or any part,thereo(.
5. Hazard Insucance. Borrower shatt keep the improvemen~s,r~oyv ezisang cr herea`[er erec~ed on th~ Property insured
i asainst loss by fire. hatards included within the [erm "ezeec,~ed cvrerage". and wch ott~er hazards as lender may reqwre and
; in such amounts and for such penods as Le~der may require. p~o~~ided. that Lender shat! not requ~ce t1~at the amo~n~ oi such
i coverage excaed that amount of coverage reqwred to pay the sums secured by th~s Mortyage.
The insurance car~ier provid~ng the insur~ince ~hall be chosen by Borrower subjecc to approval by Lender: provided. that
such approval shatl not be unreasona5ty w~thheld. Atl prem~ums on ~nsu?ance pol~c~es shall Ge paid in the manner prov,ded un-
der paragraph 2 hereo( rr, if not paid in such ma~ner. by Borrov,er mak~ng payment. when due. d~rectty to tlie ins~+rance carrier.
All ir.,urance policies and renew~ls thereo~ shall be ~n Oorm acce~ta:~tc to lender and shalt ~nctude a standard mortgage
clause ~n tavor of and m torm acceptible eo l_ender Lender sl:~lt have tne ~~g~~t ~o hotd the pohc~es and renewals thereot. and
~ 8orrower shall promptly hrnish to lender all renewal not~ces and ;~II reccipt5 ot paid rremwms In the event of loss. Borrower
~ shaU give prompt not~ce to the ~nw?ance carr~er and Le~~der lender m~y m~ke proe~f ut loss it not madr promplty by Bo+ro.ver.
~ Unless lenc7e~ and 8orrower olherwise agre~ ~r~ wr~t+ny. ~nsur~nce procecds sfi~H t,c aPPt~cd tu resloral~an or rcp~~r ot the
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V Property damaged. provided such rPstor~non or repau ~s c~onom~calty ic;~s~l~~e ii~d U+e se~~~u~ty ot th~s titrntc~age is noc the?eby .
impaued It such restoraaon o~ reFa~r ~s not econom~cally (eas~hle er ~I the secunty o( ~h~s R1ort~~ae~c .voutd l,~ mtpi~red. (!iC i~-
E surance proceeAs sha11 be app?~ed to the su~ns SeCUrr.d by (h~s Mort~~a~e, w~ih the ~xcess_ if any. pa~d tu Borro?ve? If the
~ Property ~s abandoned t,y Dorruwer. or 8o~rower tiifs ro resuond to Lender w~th~n 30 ctays (rom the datc ~~uuce is n~i~led by
~ lender to So:rower that the insurance W~riCr ollers to set!te a r,laim (q+ ~~isu~ance bene(~Is. Lender is authonzeci t0 Collect ar.d
i
E appty the inSUranCe fpCE'°~S 3t ~Crl(1°f~5 O itOn C11h~r t0 tp5~ ra!~^^ ^ tf h^ Pr
p p o ~x re~ a t upe~ty o~ 1he si~ms Secured by th~s
~ Mortgage. _ .
~ UniCSS Le~dCr ~nd BorrOwer oth~rwise agree in wr~t~nc~, any such ipplir.atir.n ot procee~ls !o pruic~pi! sh~ll not eitenct or
~ poslpone the duc cS~te ot the mo~~tlily ~nslaUments rCfcned Io m pirii~ri~d?5 1 ~nd 2 herCO~ ot Chinc~e Ihc amour.t o( su:h ~n•
Siallments I( unclc:r p~ragraph 18 t~ereo( the Ptaperty +s uqusicd liy Lernlcr_ if{ ngl~t. t~t1e a~ut ~nleiest ut Qo~rcewCr ~n ~n:1 10 3nY
~nSU~JntC p~hae5 and ii~ and 10 thC procCeds ther~ol ~CSU~t~ny (iUm d.~m:u~e tu !he Ptu~ie~ty {~~+Ot 4u tiic s; IC or .uqu~s~Uun Shi11 ~
pass lo Lender to lhe eztCnt ot lhe sums setured Vy tlns Mort~~a~e immed~~tcly ~~nor to suct~ sa'c ur ~cc~u~sckan
6. Preservation ond Mainlenante of Prapc~ty; lcaschulJs; Cundqn~iniums; Pla~~neJ l;nit O^velup~nents. Doiro~vc~
~ sha~1 kCep thn, PropCrty in c~ood rep~~r ind Shall not Commit w~sle Or pr.rmil ~mp~~rmcnl or dclCr~o~alm~i uf fhC PropCrty ~nd
€ 5h~ll COmply w~th tlie prov~s~ons ol aiti•r le0se ~i 1h~s Mc~rl~a~~n +s ur. a tcasc3~ol~f 11 th~s hlurt:~.tqi rs or: i ur:~t ~ to:u!o:n!!:~~m
~ or a P~anned umt devclr~?ment 8~rrnwPr shall pertnrm all o( ~o«~~ve~~s obl~~~aUOns urub~~ the,tuctiraUnr iir cnv~nants crcatmg
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or g~vermny U~e conilum~nwm or ~N.~nne:l un~t deve(UpmenL Ih~ hy I.~ws antl ri•qulit~n~~c c~f tl~e Co~utonwu~~m sir ~,l.~nne;l ~utiit
~ de~elopm~nt. enri i;un,I~luen! ~f•~CuinCnls 11 ~ cC~~dum~mum Oi pl.lnne~t un~! ~ievcln~~m~~~1 uit~~ ~5 c~ctute~l l~?' Hr?rrc~wt•r ;tnd
tecosded tugethe? ~v~th th~s !~1ort ;~g~. 1!~C C,vPndnlS Jn~t :~~~il•e~~~e•nIS U( SU[h n;1Cr Sts,ltl 1~•• ~nCU~{~Or.ll~•~1 ~nt:~ .u~d ~t~.~:l dntC~~d
' and supplemCnt the Cove~~nts and agseemer~i5 u1 Ih~s A1sxt~~a~~e as ~i the ruii•r wCrr. ~ p,irl hercul
~f -
; 7. ProteCt~on OI lender"5 Secut~ty. I( Borrower t,~~ls to perlorm Ihe Covi~nants ~nd a~~~eement~ cnnlained m th~s
~ h10~tgJ7e Or i! ai~y ditiOn Or prOCCCC}inq ~5 CommCr~CC~) ~tih~cf~ n~.~tC~~.~lty alf~Cts l~•+ut~•r ~~+Nr~~~~t ~n fh~ P~t~~~~r11' ~~~C1u:1~n,) hnt
- n0[ I~miteA to. emin~•nt ~toma~n n~50~vCnCy CO[7r Cn10~Ct~n~~nl Or dr~3i~~icnU•n15 o~ ~nni~t~•~tmq~ u~~niv~~u~ A hdn~-r.iNt Of
.:ecenent. tnrn t@f1~1~! d( Lenner S p~ll~A~l. Up(:~1 f:J1~CC 10 BD~~O•.~~•~ T3V n1.~wC fuCh n{i{rC3~JnCCS A~~f~.~t1E SuC~~ ~.~~>>s d~d
take such act~on as ~~ecessn~y t~ proteCt LrnCer s~nre~est ~n~~unmg Gut nv~ ~~n.+~ec~ ~o c~~wu~xme~~t o1 ri~sro~ah~r ~st;.rney s
tees Jnd rnt~y ~t>on cnr Prot~r.~t~• ro mahe ~cnJ~is !f Lcn~trr ~lUu~~eA tnt~riita~ie ~n,wancr as a re~~o~~ac~:r. ~:1.~•n•:v S ~rCS d~d
~ en:'y UpOI1 (hC P•0:72r:~ 10 ~~1J~C ~CDJ~~S I~ ~c~c7t'r ?Qq~~rt•f1 n•~~tf.jJl~C ~~1SU(d~~C' ~S d COcttt.(~pn O~ ma~~n:~ ;~~c +uan sec.,~ed oi
~n~S A~J~t~JaaJt. B4«OWBf Sh,iJ p~y T~~ pr~mn~rnS ~rqu~re:t ln m,i~ntJ~n Sucl~ ~mu• ~~•~c ~n e~~ect Wet~l SuCn t~m~ 35 t~e
~eQ~+~rment ir,r S..~h u`~Wd~~CC SC'~:~i'~d:t5 3:i~~Canfe n~t~~ Bn~ru.~!•~ s di~~t Lcr«trr S w~~tten ~~~rre~nr it Or dpp~~CdV~? 'd~~
80rrutitiCr 5h,~'{ C1; dm3u~~; p! ~:t mJ~!~,1::~ ~nSUranCP l~rert:~~n~s ~n t^•B tnsn~,,~~r~'?~1 unArr ~~.l~Ja'dD'1 2 hrrt:.~
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