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<br /> � 1{ U!'tl�k`� [k�I'$�C$�rA j11 ��C'RN71 Sd �fi`" }�flY� Mi"1.Y Th .�o�.Y id� P l �ir� � �TY3E1f'ffA' !• � +' fi+ -ft40^+r� .A�� � �tiU"rvf inl � .c�:��� SC..' . j_C,ll(�C3' �
<br /> Mtt�El agply, n+,� luter ttia�n imcn�.�txtrl�: rsrw3r cA tP�c �:� �� .�c3( tYa+�� Prc3��icr�t}• ��r ie » a��qasf,�t wri I �v 9 ,. � ¢ aJ+•r' ::�esv 1-'�nnwt+�
<br /> tacdd by [.et�cfeos^ r�t chr, tusu� ni a���k�c��ion :t� u cr�eriit �.s;usu�c + 2tc� .��xn� -4c• �uF . t �rr,� td, i, :�lusew,s��
<br /> 3. Appl�opdioa a4 ?aym�ats. t ' a�le� u{r�5lieut�lr : ucti pxare+ ira� otl�Rrwt<,- , :�il �a:wy` iiueni�, r�rNiced hy t.endar �
<br /> � undet the `_ti`t�te snd para�rap3is l attc3 2 trer+ecaf at�ail b� a� apli�wd I ,y f�cn�lrr hx°.t iii p:��•unent uf Axc�sxcavnC � ��asyab(� t,a � �
<br /> Lender by f3orzowez und�r parsgrapfr 2 l�rzeai , clacai tn intcrrst � �:�yritilc� or� ti:c \osc, a�n,i oii E'uturr. .4rf4�ancErs, ii
<br /> ssny, snd thtn to thc prineipui o! thr _"vatc �rui to tlie � rzi�ei�xut of Futiues :ti�fti a�ree:� . ii ixnp,
<br /> < �. �arg�s; Liem. Borrower siz�a.li pay rall taxcw, a�.e�nsenty und ocha�r ehargen. fincs und 'tm�ositions attrih-
<br /> + utable to the Property which may zt,�tain a priority rav�r thi_v lInrtqnge, nn�f g:roun�1 rents, ii :s.iiy, �tt Lendet'�c
<br /> ' optian in the manner provided under ��aragraph 2 hereof or t�y f3orro��er �naki�ng Eiayment, wtzen dur, . direct}y to
<br /> '' the payee thereof. $orrower shall pres�nptly furni�h tn I..ettder all t�otice� of � ar�aui�ts due unGier this pAragraph,
<br /> � and in the event Borrawer aliall �nakc psyment d 'trectly, �orro�4�er shs! ! pror.:Fi:!•y :urr.ssh ti, :.:: .-,��� receipts evi-
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<br /> � dencing such paymenEs. Borrower sha3�.l rrrpm�stly diacl�ar�e ur:} lien cchich hu� priority over t'tus �Iartgage ; pro-
<br /> ' s j�.- vide+d, that I3orrower �ha11 aot be mc�uired to diseli�rge acay such lien so long ss 13orrower shalt a�;ree in writing t.o
<br /> ' �1? - the payment o£-the obligaLion secured Y�y sucfi lien in a i7�snner «�cceptnble to I.c-.vder, or shrsll in go�od faittt contesE
<br /> '�� p suchlienby, or'defend enforcement of suc1� lien in, legat ��roceedings �thich operate to �srevent the enforcement of
<br /> '� Q the lieu'or farfe�iture a�f 'the Property oz anv part thereof.
<br /> � ; 5. Hazarc} in���g, Borrocver shall keep tl�e iiix��racemenfs no�r existing oi• hereafter creeted on the Prop-
<br /> , ; � erty insured �gainat luss by fise, hazarda ineluded within Ghe term "extended co�erage", anii sucl2 ailieu• huzards as
<br /> : � Iws Lender inay rec�uire rsnd izr such amour3ts and for sc��li �erioc3s as I.ender snsy r�<�uire ; F�ravicled , tls:at Lender shall
<br /> �-; �► arot require tha;� the amount o€ such cawerttge exceeci that smount of caverage required t � pay the sums seeured'by
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<br /> , this �YSorEgage.
<br /> � 'The insurance carrier providing s,€ie insurance shali 3�e ckoses by Borro�c�r su}�ject to appro��ai bv Lender;
<br /> 4.� provided, that sach spprovsl shall not �ae unreasonably w�thhe2d. :�Il premiums on insurance policies shall be paid
<br /> at LendeT's opc"son in the manner proc�cled under p:�ragrap-�. h 2 herevi or t�y Bor�ower making pay ment, when due,
<br /> � direetly'to the insuranee carriar.
<br /> �k In the event any policy is not senewed on or be#ore ten days of its eacpiratian; the I.er3der, to protect
<br /> F its interest, may procure insurance on the unprovemea�ts, pay the premiums and such sur� sh�ell become
<br /> `=�� immediatelp due and paya6le with anterest at the ra�e set forth in saic3 note until pai� and shall be
<br /> ,•� secured ' by this Mortgage. Failure by Borrower to complg may, at optiosi of Lender, cons�itute a default
<br /> '� under the terms o# this A7ortgage.
<br /> � 3i} insur�,nac policies and renewa�is thereoi �iiall be ir_ (orn� aceeptabie co Lendcr and sl�all include a standard
<br /> � raor4gage etaixse iu favor of ant! in forn� acce��table to Lender. Lender shall hzve: the riglit co 1�ald �he policies and
<br /> renevvals therecsf; und Borrower s3�a11 promptic- furnish ta Lender all renewal notices urid sll recei¢sts of paid p;e-
<br /> � miums. In the event of lass, f3orrocver shall gi�-e prompi notice [o the insuranee carrier �nd Lenc3er, and Lender
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<br /> �� °� may make prooi of loss if hot macie promptdy by Borrow-er. -
<br /> Unless Lender and Borrawer otherwise agree in `u�iii.�g, insurance proceeds shall be spI>lieri to restoration or
<br /> � repsir oI the ProperGy riumaged, . providerl such restoration or re�air is econoix� ic�ilti- ieasible and tlie securicy of
<br /> � thie a1�Loitgage is not ihereby imgaired_ Ii sucli restorntior: or repair is not ecanomically feasible or if the seeurity
<br /> of this i�Sortgage wouId be impaired, t1aE insurance }aroceecs siiall bc apptiecl to t;ie sums secured h}- this lStartgage,
<br /> '3 with the excess, if any, psid to Bortow�i•. If the Yroper6y is abandoned by I3orros;•er or ii I3orrower iaits to respond
<br /> •�� ' to Lender within30 days ,nfter notice Ia.}�_ Lender to Borrower thai ti�e insurance- carrier offers to s�itTe a cIsim for
<br /> %:� inaurance benefits; Le.-ider< is authorizeci to colleci anci sppl}• ,cI�e insurance praceeds- at I:ender's opGion eiLher to
<br /> '''�# restaration or repair of the Property or to ihe surns secured l�t- t:his \Iortgage. ,. � '
<br /> � Unless Lender and 'Borrower othe�vise ssgree in wric3ng; any svch applicar.ion oi �roaeeds tv principsi shall
<br /> ,,, ; note�ctenci or postpane ihe due date of the ii7onbhly instatln�ents reierTed to in paragraphs 1 and 2 hQreof or claange
<br /> .,.5 the amouat of such instailments.
<br /> = If under paragraplr 28 hereoi the 3'ropercy xs acquire•d by Iiender, all right , title and interesc of Borrower in
<br /> :�3 and i.o any insviance policies and in ancl to #:l�e proceeds t3�ereoi ! to the esceni oi the suins oecurec� by t,his il�ort-
<br /> ,.; gage immediatYely prior to such sale c�r acquisitian ) resutting zrom damage to the Propesty priar co the sate or
<br /> � ueyuisifiion sha3i pass io Lenden ,
<br /> ` ,c� 6. Preservation �d Mmatea�ce of Property: Leasaholds; Condomixuuaas. 33orroK�er shali keep the Prop-
<br /> < .� erty in good repair andshall not permii or commii waste, impsirment, or de 'teroraiion of the Property ax3d shall
<br /> � comply with the pro�>isions of anv lesse, ii this 1lorigage _s on a lessehold : If tYais 1Sortgage is on a condominium
<br /> , � unit, Borzoyver shnit perform all of Borrower's abligat.ions under tlie declaration af condominiucn or master deed,
<br /> ' ' the hy-la�vs and regulations of the condominium ��roject s. nd constituent dor,uments.
<br /> .:� 7. Protection of Lender's Security_ Ii Borrower tail� to perionn the covemants anc.' , rigreeme�ts contained <in
<br /> ;1� this 3Zortgage, or'ii any action or`pcocecding is commenced which materiall}• a�xects Lender's interesG in ihe Prop-
<br /> ; erty, including, but not Iimited to;' emaneni domain, in�oivency; code enforceas.ent, or arrangeniersts or proceed-
<br /> '� iugs involving a bankrvpt or decedent, then Lender at I_ezider's opttion, upon nat.ice io Borrower; rnay make such
<br /> 4�°� appearances, : disburse such sums and iske sucli siction us is neeessary to proteca Lender's interesG, inclnding, but
<br /> � nat limited to, disburs,ement of reuson:able atGorneS•'s Fec� and entry upon th� Yroperty� to make repairs. 9iry
<br /> �.:� ampunts disbursed by Lender pursuant to t,his F�amg1•�p3a a, �vitii interest thereon , sliall i�ecome adciitional • indebt-
<br /> ;�� edness o£;Borrower seoured by this \3ortgage. Unless Barrawer and Lendes agre� to otl�er terms oi payment, such
<br /> amounts shall be psyable upon notice €som Lender to Borsower requesting p�,yrnent i:l�eseoi, and st=a11 bear inter-
<br /> � est frorn the d.s�Ee of disbursement at tki+e rate siated in the h ote u�aless papment oi interest at suclz rate zvonld be
<br /> " � contrszy< to a�p�icable law, in which event sueh .amoun 't=- sl�all bear interest Ax t:he highest rate �ermissible by
<br /> ,i � applicnble law. 1'othing containeci in t��is psragra��li 7 �li�tit rer�uire Iyender to incur any expense or do any aot
<br /> » > hereunder.
<br /> 4- } $. Inspeetion. Leiader may inake or cau�e to bc �caacie rer��onahlc eniries upon an<3 inspeotions �f the Frop-
<br /> � erty, pruvided ,t3�iit Lei3der :laali gi��e �urrower iiocicc ; +i:ur io s�ny, suci� insr,eciiou specit3�ing resaonable eause
<br /> � iherefor related ta-Lender's interer,t in the Property.
<br /> d J. Coademsiiation. The procee�is af any a`x�srd or �laim ior ciamages, dire�t, or consequencisiy in connection
<br /> s with anp conder�iation Ar;other iakin� of tUe �'roperty. vs• ��art tliere�f , Ur for conrecance in lieu of coudemna-
<br /> , y ' taoa, are hereby:assigned snd shall be psad .to Leuder.
<br /> In #;t;e eaeQ� of a tota3 iaking oi ihc Yropercy ; the proe�ced� �l�ail l�e applied �-o tiie susns secureci b,y ihis ASort- „� , .
<br /> ' { gage, with the excess, if any, paid i� Borro«�er. In il�c eve;nt of s pazkiztl taking of tlie Pro��ertp; u�less �3orrower „ �T ` ''
<br /> � and i.endsr otheswise agree in writing, there shsll be s�r�l3ed io c#re suius secur�d ��� t}i5s 1lortga�e such ��ropor �� , ' ,',� ;
<br /> � � tion a# �e pracc3eds us is equal ta Lhat �ro�aortian u�hich t1�e ainount af th� surus sacured Uy this liortgage imme- „y��'
<br /> ':� dis�te2y gsrinr ts+ i3ie datc of iaking 'hears to zhe fair iusrket value o£ t3ee Yropert�- icnmecii.ately prior to Lhe date of � ;x�; �,
<br /> �; taking. avit3i t�he �balanoe of the proceeds paid io Barn+ok•er. '',� �
<br /> � r Zf t.he-�'ia}�rty is sba�dnne�' .`-.y :;orr�a-er or ii z�fter raoc.ice b�� Lender io Bvrrv�ver ihst t.he carsdemz3�r oSetx ' '
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<br /> ta ms��:an aws.R^d ' or settle � claun for �iams�e�, Barro�s�er fails to resUand Lo L.�ader nat}rin 30 da��s of tt�e date , .
<br /> of sue3i notiae, I:,ender ,is authorised to +cbliec�; a�d apply #:��e ��rc>eeed� at Lende�'s oE,tiQn either to resioration or
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<br /> ' : regair af tihe Frespertg os to tlae suans sec-3tred by tltis \lorigage. .1
<br /> CsnTesR I,esici�er ar�d Borepwer,oLher�ise agree �u s�ritirsg, an3 sucb applicatzson oi proceeds to principa! sha11
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