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<br /> ! f urxder �r�ra�Yr�ah lt+ „�•ra•a�i rt��� Yrc7F >erty i, ,ui� m- � � ie i'roE,r• t � n �,• F � ei � �� ��<�.� .<< <a � irr�i �. I cr !c. -_ Larlder
<br /> �teall +:[�piy, nn Iater ti:;�n immr«iaate>!q Err�ar tu the kic: �ri rlic• �'roEr� � t}- nr � * a< < �ui- ari�'�n br• Lt n�ier. :.� rz�� H��.zn�i> �
<br /> tield hy t .e:nder ur tFi€� time of ;s{�;-�lirazior3 a» .+ rre�tit :ip:aiu�t Thi� � rir� ,. ���� ur���i t,� ri� i• : iort �;u�;� .
<br /> :�3 9, Agplieation of Paqxnants:. I;nlc... x�,rilicabz.� �:au � �rovidc�, -.�! hrrx �.:�:• , all � �a3•rnents r,•cai��eci }:y i.,en�ier
<br /> ri under the � ?Voee ucui paragraptis 1 �nr! 3 1:cseoi sLYll f ,c a�i,��lict9 t,v L���nder flr= = ��� ;iva*Y1rni �,f :,t �actitnrs l,:xy�,Fltv �xa �
<br /> � [„p Lender b�� �f3e�rro�cner undr.r �'�art�GrapL :3 ; rereei. -Lht•n res ineer��t � �u��hla'.c r,;, ; i .c 1otc� ��a<�1 i�n Fuz� arc :'��i�vanot°s , ii � � � � � �
<br /> C1: :»ny, uud �ehei� to the I�rineipnl ar the ilote anr3 ta tlic y:�rinc^iy��l ai f�t�ture :l;t � nr_�•�s , if sn�.�.
<br /> ,^� 4. �:crga�s� Lieas. Borrower sl�a}1 pav afl ;axe� �shessn�eni� snd ofher v;z2rges . fineE c�nd ir_�pasitinns attrih-
<br /> r „�'""„ utable to 'ihe Yroperty w�hieli m$p attain �i ��riar;t.� c 4; t ; . '.Inre �w��e, anc' grotend rents, it a,�ry, at I,ender's
<br /> [ aption in zl�e msnner �rovidc�d �ar�der �,7srs�ra�h :.r lkereKrf or }r�^ 13errroa�er irrak�r�g psaymcnt; �;:�zr r3e�e, disect.l� tn
<br /> ' jti the payee tt»�of. Barraw;er etisi� }7ro�np*3y furnisii t� I,eri�lrr all natice.a of smout:t, due i3ri�ier this }7arugraph ,
<br /> -,I�'eo and in the evenL Fir�rrorrer 4�rni1 r�ul:e jrapniezit, dirert.{�,=; I3c�rrnv�•er sl:zai ! y�rcam�atly ixxrniski to Leriarier receipt.s �vi-
<br /> �v��rr,g sucl� ;pay�ents. Borroti�er shall f>rom7stiy r}iscli:� rKe a:ati� lien .Lliich hra.�; F�riarity or•er this \iortg�ge ; pra_
<br /> uided, tha� £iorsower shaiI not Ge rkynirecP c�i �zsrl�ar�e., any 4ucf; lien ar� ion� �=, L'orrocc�er ,;��nll a��ee in writing tq
<br /> the pnym�nt of iYze ofytib:Linn serure�i i;-y ;uch lien in a ia�ar.ner wacc��ia�4e tn I�ensler, or stialt in g�od faith enntest .
<br /> sueh 3ien �ay, vr dezer.d er_foseex�=:t o: suci. licri in; legsa �>roc�etiir.g� �r tricfi on�x•�te to �are3•ent : :e eniorr�ement oi
<br /> � the lieu e,�- forienaure of the Propert3' trr any ��art tl�ereos.
<br /> S. Hazard Emaurazrce. 13��x•er sn�il kae}i tiic irr..nxoveEz:extits nan� exist:i:xg or iicreaiter erected on the Ymp-'
<br /> erty itLsua�e� agains� lo�:� b�� fi.re; hazards :r�p+��ed a•i+,}e:� the ieran <`extencied cc�c•erage", and such c�f:lier hazssrds .n;;
<br /> ` Lenderinayrer,uireand in „icli arnounts iii+u ior suc�, f� eriods a� t,encier rcrati• ;eq�ire ; F�rocideci, t.I�at Lender shall
<br /> ; not require that vhs amo�int of sueh carerr�ge ,exceed tlia� a.mount: oi r. orez-.��e r�r�uirec3 t<� }�ay th� �ams securad 'b� `
<br /> " � this 34fortga}ge. . z P
<br /> The insura�ce carsier y�roviciang t,17e it�sura4ice shni� U,: chase� Lrv- B�rra:�-er �ui>jecc to . aj>prosal by Lender :
<br /> ' provrded, i �nr. such approva3 slisil not be unreaaoaabl}• �c�ithhelr�. :�11 premiums on insurance �odici�s s4ia11 be psid
<br /> at Lender's optian in tize nsanner v�ro��idec� u .�der jaaragrap:i � liereo± or n�- Bosroc��er n�ai:ing paz-r_�en�, st �A±. �? :.a
<br /> : dixectIy 'to the insuranee csrrier: . ,
<br /> � Irr#he euent any po3ic,y is n�rt renewec� qn ar: before ten days of its expiration, the Lender; to protect
<br /> d its interes�, m�v- procure insurance on the improvements, pay the premiums and such sum . shall became
<br /> �, y immediat�3y due and payabTe with intere�t at the rata sei for 'th in said no %e untal Paid and shall be
<br /> ,,. ; , secured b.a this RSortgage. Fnilure hy BBFIOWQf t0 comgiy may, at opEian of Lender, const3tute a default
<br /> under the texms af this Mortgage_
<br /> alt insvra.nce policies �nd rersewals tf�ereo{ �?7a1 ! >_�_> an iorn3 sccepzable ic� L+.ncier a�nd shatt inc3ude u scanda,rd
<br /> inortgage clause ux iaior of und iii forni scce;5table to Lender: Lencier siiall l�ati-e the right to 3iolcl ahe �3oYieies �:nc�
<br /> r�nemnls tiae�eofr and 73ormu�er �h�,11 �romptiy furnish �o I.ender alT seniewai rsaiicry and :�]l receints ni gaid' pre-
<br /> rniums. In the eveni of loss, $orreswer st.ail gic�e irromg� iiotice i,o tt:e insurmrce earrier and Lender; and I.ender
<br /> may make prooi of loss if noin�aae prompt3y b� Borra�ver.
<br /> ' ; La`nless Lend�r snd Borrorver o!}renrise agree in u-rising, finsurans:e procee� ;hal} tre applied io restoration or �'
<br /> , � repair oi, t�e Property dam� ged, }�rovided sucti resiorat:ori or reprsir is erpno;i3ic.a1!}� ie:�sible anci the securif,y oi
<br /> this �qo=tgage is noa thereby- impasred. I! such r�tarazia�n ar repair is t,o� econ amic;ill�• ieasible or ii t.he securiiy
<br /> oi this �iorigage u ould be inipttired, tl�e insurance ��r�cezds siss3l be ac�tiiied to tite suu�s <ecured by- this Is�forLgege,
<br /> wath the ea.�ess; if :•,•; �s;d to Bflrsuw-er ;.i ihe Yropert.Y is abanc3oneci i��,� I3orra�ver or ii Borrocver sails �o resp+and
<br /> , to Lender vcrithin 30 aaysafisr notice by 3,en�ier to I3orra�rer L',iai the insuranc� carrier afPer, io seiite s . claim f�r<
<br /> insurance Isenefits, Lender is authorixed 2a colEeci snci a�};?.��. > ' . ...*-r.ru�ee pr�eeeds :�r, Lender's , option either ics
<br /> � } restoration qr repair os' tne Proper�}� or to zhr. ss:;sr�ecured k�ti- iliis _llflrtgage.
<br /> ' ` i3nle.cs Len3cr and <�oirmver af,her�-ise agre.e is� wr t,ing, aai�s� such applicaiiore o: proceeds to princigai shsil
<br /> = not eactend or posipans ihe Cue datie oi the monci�3�• instaiiments reierrad to in �arsgr��hs 2 and W hereof or eharsge �
<br /> � the etrriuun� of suoti instal3ments.
<br /> � if under parsgrtaph 18 hereoi �he Yroperty is acquired b�• I,enaer, aii rigni; title rend inierest oi Bar:ozver sn
<br /> ; xnd:to am� in,ui•ance �oTicies snu ��i aud tcs tise praceedc ihereof tto ti:e ex 'teni of the _ums securec: bti� i}iis iltort-
<br /> ;� ; gage -inimea3fately �rior to such : ss�e or � cUuis:iionj rese: iiin�; iroiii r3uu+age # c� i9tie Yropern� prior to ths sate or
<br /> ' r acquisition �hall p�ss to Lend.2r;
<br /> � B. PresErvatioa �c3 1K�atearsnce of Propezty; Levsehotds; Coadominiva�s, I3asrower shall ;;eep ihe Prop-
<br /> ' erty in gao� repsir and shall not p�ern�it o.* commit �vaste. impairment . oz dcier�oratiar3 0€ ihe Pr�perLy ax:d shsil
<br /> � � cpinpiy xsit's3lk3e pros•isions oi ang �ense, ii this `.iGsigage is on a �e�ise2xo3ci. Ti t'r�is \Sorigage is on .� condo:nninium
<br /> i : �:,�xi, Borrower sh�ll periorm ull oi Borrou�er`s ut��igaiions ur�der rhe declaratio� �f �oi�rion�iniam ar masier deed ,
<br /> " � ��s ti•p-laxs a�d r�;r��:ieas c,f fh� �ondonainiurt� prujeti aud cansiiiuezzt c�ocuasents.
<br /> ' b ' 7. Prot�ectioa of Lender's Secvsity. Ii Bnrrozcer in4 :; to periorm ine cover3uni; ar:d agreemen�s conisiued an
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<br /> ; tkus i3or£�e. or ii any action or nz�oceeding i: corntriencecl �ti-h�ria niaterially a�ecLs Lenrier's inierest in t.he Pro��-
<br /> � erGy, inclu<3ang, lsut �iot Iimited tc, . emir.er.i uo�lls=a�, 3r�.viiener , ro.3e e�ziorcexr_knz; e: arran�emenis cr pro�eed-
<br /> 4 1 ings i:calui�g a bani;ru�t or aeceri�nt, tlien Lender ac Lender '�� option . u,�on nc»ice tcr Borrower, rz-xnv make such
<br /> i { 3ppearance�, disbusse sucli sums arsd fai;e aucL sc�ion a� is a�eces;an• io protec> Leitder '_= intere�t, includin�, bui
<br /> ,, ;� noi l.imit�ed to, di�burs��si�ni of rea:sonabie a�vorriet� 's fe�s az;d entn� u�7:;n the E?rop�eriy to make repairE. Ari��
<br /> ,` sutonn6s.disuursi^a by Lencies pursti.ani i.o t.i�is paragraf�l: 7, iriii� i.nieresL t"taereo=� , sha7l become ad�ational indebe-
<br /> v ediaess of Borrower sec�:sed bv ihis _liartgage. liniess Borrower a:nd 3.exider a�,-e� to othes ierins oi �aymeni., sucE�
<br /> amounis shall be payable vpon naiace irom I.encier ta I3orroicer requr;sizn� pay_..ent #.;�ereoi, snd Elssll bear inter-
<br /> est %rom fhe date oi �1is�iurseinenL sz, iiie raEe st.at.ed iar che \ oi� ualess }�a3�ment oz in�erest at sueh raie would be
<br /> cor.trsry -#o ���9iea�le laca, in wh"scii evenL such r�mount� stiail �;ear ii7ierest a -'_ the highest rate perwissible hy
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<br /> agrgiie�sb7e. I.aK-. \flthing aaarainec3 in fliis x�ar�gra�ih r �:�nii re�uire Lencier tc� incur an}• expease or do ar.�� act
<br /> ' nercunder.
<br /> � ��� � 8. -Ttssp�ctzea..� � � 3.ena�es zz��y i:�ai:� or c•�uae � x�o h<- m�1e re:a_�rishl� r.satrSe= u� r���� sr��� irrcpeeti�*�� �a t�.e 'Pmg- f � �
<br /> ��Ye Proviciaed zhsz 1.ender �1�all � ve Bo.rrox-er nvriro �>=�ioa� ta <<nr ::�x3� inc�ac-r-t�c,n �rrecaYzin� ressonsi,ie cau._ute ;
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<br />� , sfiere#os.relsctd t� Z�ender'fi i�t,erPsL an che £'sppeia�. �
<br /> 9. �`OIIL�@�t4Il. �'�YC �}'DCE£S�5 O7� �32Y} �A'&P(�� OP t' :87f71 20T (743TP,: L'S. ��1T[+.•!'t n� �•nrqcEu±�iw�?tin j i�� �nrt+tart'7�.+n
<br /> ' : ��� .. 'w'ILIS A'�)'� ��.CQf3C1Q313`72dtL3YJSi UF'. i12�:.�iYY. C2i�.iII� OI ,tt]P �''T'Oj7��l.ri�'. xJl' j7HdZ . t�i[�PCOi�. Or� 1@r �COi]t'e't'�.S1C'Q Isi � feL' UI C073.f1ETi33iS— �� � � �., .
<br /> . t'sou, at�e 3�er�ei�y sssl�sisd snd sha3t #s+e paid tc� I.eader. �ss � � ,°`
<br /> � � � � � In t�tie e��eart oi s tc+r;� 3 tsakin o; ti:e Yr.o x-tr , ii�e rra_ee<:s 'aa! t be- ' �
<br /> �, �" � S 1 n�Ulicc� i ,� ci�� .- uzns se.•ure,a ap t��s :viurk�- q _ , r �
<br /> , 1 � gage, 3vit}a t�c �xe�_ if an}� �rAid� ao BQt-c��a-er. �n tioe eti �nt oi a s�arcaa3 uskin� of tfiP Yxoge��g-, urle�s f3prrowea � ��'
<br /> ..u, � �� ,
<br /> � � j sadTrCnder oZheru�as+c agree Sn u�rit�g_ there �3iai1 �iesp�3�ied cfl sd,e su�ns �ecux�d ¢��� aYeis �lnrtga�e such oropQr- �� 4_
<br /> ,y Yaun oi thep�oe�ds. as �s ,aqasi ta LFsac �ropo�-tica uhiel= t 'sxe azn�rs�nt of the a�urpic s�ec.cred ;n• this hic�rtgage i.��ms- j �� +;,.
<br /> disrzlv priars to the rlate tsi zaking �sear� t�. ti13e fair r��rke� a�a1u�� ni ti�c 1'n.a}�ettti- itnm�riiscelc prior �o ti}�e cate vf ��, -
<br /> ' ;i t�akiag, w� �L� #s3saace c�± t-�e g�roc�eds us3r3 �qn Br�rm.rPr ''
<br /> If the '>'
<br />�„ �' . . -�3 '1S' S�SiL:ORf'd. �"1� }�{1Ti'Oii'23' 4P d� tl{1�E7' �i049Ct' 1 )b' i.X'i1�7P1' Tn !'�' !'a M�t, p+� �_nAT. rF�n n. .rv � ..R�y .
<br /> f i�c+ rrta�e sn.s�ard'trr seta3e a claim #or �t�agrs: B�raosrea fai�s zo rc�uand io 1.���er wiilaan 30 aa� 5 oi ti�e c�ste
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<br /> of sueh noLi,cae, Leseci� is sut�fl�izec3 2o rol3�ct anci s���al� al�e ;iroeecees a: Len�er 's s��,taan eacuer t�3 _ rscorscaos� or
<br />� a'�elaair oi L�e �'rop�tg or �o th� svms seeurc�i b� x1ia� �Iort�uge.
<br /> ��:i� i..ari,xz�r nsari F�sirrn�asr x>�aem•ise agree sr wra2z9g, anv suc� spDlicat:igan o: ,�reseeeds LG A:} _incins " �:.ai�
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