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<br /> � If sr�:nder �>r�ra�r»��h ifi inereoi tnc Yra�7ezrc}• i= �rrlc3 or rdte 1'roperi�� i> � >tl� �r�vi �z �: uire<! i;�' Leurier. L<�ader �
<br /> ;halt sp�ly, cto fater thsn insnie�intt-lv ��raort,o tl+e nci :e oi r4�e f'rest�crtc �zr its :�, r�,�i>itiun :_} i .� ::ti�r. :u,� 'rur�ris
<br /> hetd by Z�uncier � i t,t3e tinie c3s r�p�slicytian ,� � a a�redn n,r�uimt � Ptie cu�n <e��urescl E�+v i� tYiw \iort,�a�;c,
<br /> 3, Fippliaat"soaof Fay�a�ents. �iTn1e*c;, ap}3iicrstrl.• ia�c- � yrc�cicics u�itcrns �c, aii �syn�ients recer.-eu lay I.,c:iider
<br /> � � � under tfs� \'ote-rsnci �?aragraplis l a,nd � 2� hcrecat s'li�ti!! f,�- ia;r��{i�,�i 'l,s- I,csrdc�r 4ir-tst �n rrnyi�zer:t rif umc�ia �sts }�uyai�lc= tu � �
<br /> '^ � Lender +�y $orsow�er u�der �a�rrsgrsplr '2 laere�i; r,}3r.0 cAa inirreat ;�atia}a1c+ czn thc, '` otc anci nr� F::ture� Atfeanees, if
<br /> � � :�ny, anei then fo the prineipal nf the \�att snci tn tl3Ev ��rinciziai o3 «uture _� e14 �.ncc:4 , i° snv .
<br /> � - 4: Chacg�s: Lieas, Iia�rrowee s3�ali ��y� al! t.ax�,. sesessuaench anc3 ni}�er ehar�;c�s hr�� and imposirions attrib-
<br /> �"�^' utabie tao the Praperky tvhie3n sraay attaiz3 rs pri��ity orer ti5is iiorkgagc, snd grot�nzs , �n4„ ii anw, at I.ender`s
<br /> ! � aption in the m�nnez provid�l under pi�ragrs�>h :? tlereof �r t�y �3orro�n•er a�x�kinG c>s�}•meat:, when d:yc, direeflt ta�
<br /> �., the gayee t3t�i�s's:. �ornsae�- sh�l' �za:r.3' iy. runlish tc i,encier al: , r.ot�ces aa nrn�un�,s �fue iinder ci3is paragraph ;
<br /> ; ` 3ud iu tbe event I'.orrawer st�all �naise n�synicni. iiir�etSy; Borr�szuen° slialt ��rcrn��acly; ?z3rn�si� io 1_ende= receipts e��i-
<br /> a ` deneing .sucl7 ��a�ments. Borz-awer shs�ii ��romptfy �iisc.lx��c :�n3• iseri w hich ��n� }�rioritp o��er ti�is '�'�ort�3�e ; pro-
<br /> � vided, t�at BoxmRc�er-shsll nos b+� rec#uired to tiise�a�r�;e Rn} ��.�e3� .3ien sa long us }3ocron•er slaali �6rvE- is� :-r:�inE k.o
<br /> r ; tha plsymeaL oi t"s�e obiigat9or_ s�cured by saeh lien an :+ manner sccepiai�ie :t� Len�3�r; or shali in �ooc faitiz contest
<br /> >, - , " such 'lierz �y, a� defend enfor�cement r�i suaii iien ii3, 3egal ;airacee.din�s tiviiich s��erate t.o preven4 the e�atsrrcement oi
<br /> the lien a�r forfezture .at the �'`corN?-ty ar an� 13art t9iereof:
<br /> � 5: Hazvrc.i �asazaace. �3orrrnr�er shatl [:cen ti�c irugrore�nenis no4r^ e?cis�i�:g ssr irercaiter erec�e� on the Prop- ,
<br /> erty ins�ared agsinst 3oss bv fire, lia��rds S.neluded �vich�n t}ic term `se�cvended eovera�e", und sueh ar,�:er hazarcis as
<br /> ' ,:: Ixnder rriay^require and iaa �azch amounts �t,d icrr si�cl� raeri�r cu L�nder na:�s�• ret{uirc, T�to�•idee� , Llaa� Lencier shall '
<br /> ; not reqxaare thuLt3se smount oi such coversge �xceed t.lisE ��nount 'oi covera�e reqziired to r�a3 the �usns secured`bv
<br /> this ?4foz�gage; -
<br /> T"ne insurs+.nce carrier a��oviding tlic a.isvra�x:ce s:�sll l�e ci�oseta hg Btsrron-cro suiijecc tu : approt�sl by Lender;
<br /> y�roti•ide�s.,'tlaaL sucla approval shali noi be unreasonabl�:- withheld. 311 premiu�ns on inearanae policie� shuY! Eye psid
<br /> ' � at Lend�r's opziqn in tIie maaner �3rovidea under 7�aragrapii ? iiersof or i�y 73otroever n3�king payanent, when due,
<br /> ' d'uectly =o i.he5n�ranoe cnrr�er.
<br /> ' In the- event any polic�� is not renecved on or before ten dags of i�:s expiration, the Len�er, to protect
<br /> iEs �tenest, ma_y: prncure ir,es¢rance on the improWernenis, pay the prenvums - and such sum ahaIi . become
<br /> inmeciiately due ard :pa�a�le tt�ith interest at t::c rate set fort3-, in sai� �ote until paid and shall be
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<br /> secured . by this :h3ortgage.' Failure Uy Borrower ic3 comp�y may, at on�tion of Lender,. consti�ute a de#auli
<br /> ` � uud8r ti�e terms oY this �tiiorigage_
<br /> .311 insurancc ��alici�s sad renea+�-a1s ttnereof ehai } I�e in ior�Y acceptable za T.rrnder snd st�a11 incl�de n standard
<br /> �- . 37�ortga� cla��e in favor ai 3nri in iorm ,�eceptaiale to 3.endex: Lenric:• shall i3:t�e the righi io 4�old tHc }�aiicies :�nd '
<br /> rPn�ws��c t.�er�s"_ ax�ci Borrower shal.i p;ompsh• iurreis3>_ 'to Lender all rene�vs.l noiac�.s and aii receiucs oi nasd pre-
<br /> miuu�s� .an the eveno of loss; 13orrower ski�!.i gi��e prosx:�7t natice co iiie izrsursti:cc eurr:er a�d Lencie�, rsnd iFender
<br /> msy;make praoi oi loss if notmacie 3�romUti�- f,3 Bv.ioc,ar
<br /> Uniess Lencier .rnd Borno�ser atl�ern•s�e agree �n }eaiiin�, ir,:ur�i-.ce nroc�eds s�ali 'xse �p,^?ied to . 7estoratzon or
<br /> repair aa` the I'ropert�- damaged; :3rovided such *esioration or re�issir is ecoe-�atrica3Fr Seasible and i�ne s�curitp of
<br /> tfifis ?�io�t�age is r�ottl�emiis� i�npaired: Ii sua}i :ea'tora�ion �r repair i ziot ecouomicsll�• feasibleor af the seeuritg=
<br /> ai this '_4�lortgage u•Auld be ir_�±paired. title insurunce proceecis �i�ai1 3�e_ s:sulieci �o t,)te 4v�ns secureri b�� t,his D�ortgage,
<br /> svith,bhe exeess, ii az�y, �aid iv f3orro��er. Ii z3ie Yrof3er=c :s �'r5ancinnec3 i>4• E3�rrower or ii 33orrou�er sails xo r�pond
<br /> ,- toLencisrwiiisin 3Q du��s air.�rnotice b�� I.:enderco E3o�ron•er c�z:�s tiie insursnee carric:r affess io seL�le a claim for
<br /> insurance benefits; Le3ader is aiitk�orizea io eollect snc-� nppl�- i.ixe irkurance proceeds ut i..ender's op6ion either to
<br /> � restaraL:�vn or repsir oi ihe ProperLy or cG the �,ums securec t�y t?:'rs :\iongaga
<br /> ; ` Uni+ess T.$n�er .sud Iiorrvwer otnen+-i�e agrec in .�rii'sng at.y su�3r ap�>�ic�aiion of praceeds to r�rincigal slisll
<br /> not exte�d or postpane ttae d-.�e dnie oi the inonzhly ins�atlnients reierrerf io i� paragraphs 3 and 2 heieof or chan�e
<br /> the �rna�ni of such.ins�:allme�t�.
<br /> . 4 If �andec psragraph 18 �+�reof ihe I'rapercv iz acg�ired ,i3y Lender, i�l} rzghc, titIe :ind ,anteresc- �# Borrower in
<br /> and ta a�y insuranr.e polioies• xind in anc� s� c3ie �roceecis thc;reoi izo ii�e exi.�a�c cai i?ne �uni� aecurec� �aY #lsis 1LorE-
<br /> gage• im�ediaieFg- prior to such asle or ar.�quisitivni rGsultin�; ircrm uamage io tize Propert�- prior �o the sale or
<br /> r�equieit�an s6alI pass zo Lsnci2r:
<br /> 6. Preservation cmd Mmatea�sca oi Property; Leasehoids; Gnadominsums. T3o:ro�ver sha11 ��eep che Prap-
<br /> , ecty in #�ood repair and shali not. g>erinit or comm7t .sasie, i-nf�ai.rmen4. ar ��c>terior3Eian oi the Propen}� �na eha,i
<br /> eomply �•ieh i��e proa�sions oi an� lease. i : t?�i=_ � iott,�za.ge is c�n a 8e��eim'sd. Fi t.��is giortoage i� on ;� con�ominium
<br /> � . ; unita Ba�roA�er s's�al1 }�erfonv ai! af norimwer'� c+taligst�ans unci�r t:f:e rieciar;f.tion oi condomiuium nr rnaeter deed,
<br /> the by-2ae�s sud regulations oi i�e condo:ziiniun: ��role.ci arci cc�n4iitLeni documentv.
<br /> 7. Proiectioa of Lendei s Seeursty. 3 i �3orron�er ?.ai3r t� F>erfUrn� the er_svenu�ts snd agreemen.ts coniainsd in
<br /> x . . . . t��P]5.��103y':$BgB;� nr >i nn�, w _�,_,�n �r.r mm�CC'Q3.77�' FS CO711I'S)e*2CY'�6 itiR3C}I 223ALE3'13��3'� II�2CL5 �.ei]l�C'I�S 21](+L'IC'..� liI tS1C'� �PO(?- � � .
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<br /> � erty, in�ud'sng, buz not 1itz3s�ed zcs, cixiinenc dosisain . inwi+ ene}� , c•c�dc eniarcrizacna., �r :�rrurigemenEs or proeeef3 -
<br /> ings-inuolsing a �snkrv�i or decetie�t. t:nen Lendei ut l.cnrier'� o�iion , u}3or� i3a�ice to Borron•er, nz3y m�e svch
<br /> appea�a�cec�, s3is'sae�rse sue%i sa�ms :n>3 ta�� sucl� act 'tan r3� i=_ nec:e=.sarc iu {��-atect I.ender's interest, �nc�udin�, hai
<br /> not limi�ed ta , �s`m�.ss;zuiens. oi r�asonaoic zsitorney't iees ana rnc*�• upc�n ii�e ?'ropert�- za make repairs. Any
<br /> amounis disb�rsaa t�v Lende�^ pursuant tas e}r.s i?arags:a�la ' . �c•itia a�ierest a.h�reon, �iaatl ber�ame ndd"aiiUnmi sndebt-
<br /> _' e�lness aa Borrower ,,teeureai �y x>iis �iorzeage. L�r_less 73orrawer anci 3.ender a.gree. z� ots'ier tern3s of �+apnseni, such
<br /> amouau� •hsli bc }�ayable upon noiiee Smzi3 Lenciez to �3ormn•ex requc:siin� pa�yanei�t iheseoE. and si3alt bear inter-
<br /> est irom the rdafz oi disUurse��ent at ehe rarz stateci in the '_v ote uniess paprz�ens. o*' 'sair_resi aL such �at�e u•ouid be
<br /> �� cantssrs.: to ap�rlit;abie �acr. an whicts e�'esit, suc't� an:ouc�is .ia3:i :�eaa- inferest at s :ae hig'#:est rate �eru�issible by
<br /> aPplica'«�e 1aw. :+;oihing con� sines's zn t4�;,=_ �r�ragrapii = :i�mii �-e�uire S.eizder to inc�r any eai�en�e �r dn atny act
<br /> teereund,er.
<br /> 8. Sssxpee3ion. Lender zmay ensace or rtitase to i.c �nn<9� rr��uiiarsEx• �nta-se� ai��rsn ane3 i�xnF�ec6�ar. '� oi iin,� Prop-
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<br /> ': . E'dZ�'� �. j)MAViaCYI�: LX't9i. '�.LSl(]f'::' � `LINii. �74's'f . `L�iOTIf.wR'G'f'� i1U� l�. �i;.- j +!':V. in.s :'17:: � iti+')�i i:=ti(�i?Ci2iiI1 .'iic^.`C.3.1'3A"t', FC:.^'v.FpCB.}]�C' C3lISE' � . � . _ .
<br /> zherefvr ae3ate+d. tc> �,enaer's iaster�s aN u�� f'rc�{�.rcti�.
<br /> 9_ Goadeiueatiaa I°'t�� }�rocresia �i ae��� 1ac+-ar<e c�r r, lxina ;ur <iu��uges, =iiseca: vr eanseyueaiial, iia ra:snectioa
<br /> ` cv'sih sn�' con�i;e�mmiaastaor� or oalies t��ig rri t:ac i'rolrer��•, �r �Mart ii.e�eot. ar for r. on�. egsr,ce in lieu +�i coa4iemtas -
<br /> taon, sae .here#rar ccsszgn�� axso shaii 3fe �ixic`s tc� Lrad�r
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<br /> �Iffi �31� iC.'7r'C'.3'!L O( 8 K.f3tYi {2tiL!!i{�' V� d77t�' 1�:'O�.YL'CG�'x 11.k: 51l'GCt'�'�Se �i'susi 'liE' 1iJI}Ti1Gi 1u 1::7t .-iiI2L tiE`C UfCC �7�' 1`.1`i7F :1'�GfIG-
<br /> � . . . g���Cs�� ii'T'S}I f,F1f? 4�:Ci'SfE . 3I hriti' , � }1733C� 2O �O1TDtVC1'. � !� i �di' f'4*C:i1Y L}Y a i?.si'4.'ISS� �t�31�ID'� 02 L�1C �i'Q2)(:TiF�. 11411C"``�.,5' �03"2'OR•CT � � . :.. . � y�f.� .." •��''' ��
<br /> a. ` etsdrl.�der ot�se�rn�ise ssgree rn u^rsxi�g. ziiem siau3t tse api,tic�ci rc� ci3ti suius �nuav.�s LY3� Tiris �.Yorc�age- sucix �rv�or- `"`"
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<br /> r zian nf tsse �ar�ce�ds :ss is equsl xp t�st �roportian �sfiir3i t i�e anaauna vf t3ae �;ursia secvred. �y t�is \i�rtgage imime- �" ` �w
<br /> < . � �4ately gxior to t�ae dai� ai ts�:i:sg t�ar� €o # lae i�ir ai�askec a�a3ue af .��a. Propett�� ixnuieui� "t�ei+ ;anor <o ilie daLe aa ; �.�,�„.
<br /> cafiriag, vAritls the shxtsnce of trme pruc+e�e�is }�ad ao Bnrrou^er. F��';
<br /> , 4 . . ` ' Ii �e P;a;e�Gv^ is si�sasa�our� k�v Barrawec ur i. :is"ser notic+e ir�,- Ixs��iex w P�orroa�er t3iaa. t°r3e carEaiesnLor �fi'ers ';n'-
<br /> r ` to sr�aD.e. an .�rr�rd 4r sett3� a claarm inz� rt���sges:, Borr�a�er =sim� �fl rc��ecana � o i,encier wi2isi� :i0 �is�s r�i ihe ciate >'
<br /> ° vi sucb ataotar�; 1xad,�r �x auY:�,or�ed ;o co�ecc. �u� s���f}� t:ie ���mx-�ur sc; :u-nder's cs;>t,ann es:i�er z<� re��nra��on or '
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<br /> �, rr:patt P's+c�est�* artotaest�iz�s �cex+erzagr �,a�in3l <srt,��ge. c,
<br /> �?ni�ss l.exider sud $oamwe* oL'siez�ass. agree is: �sritang, �as} suc�� app:acstior, af rrercec,ls t� ��rincipai =iiali
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