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<br /> If iander (�aragraph 18 hereoi the ProF�erty is so1�3 �i• tYie Yr�pe�rt� is ochenvi�e a��� eairctil ir}• Lrtnder. I..err�ier
<br /> � shall apErly;, no lxter'thnn� imttxediately priar to the :�a ��^ e�i clic Yropercv �,�r ic5 sequi�ttiaa� l�y Lcn�1c-r, .wy 't'unds �
<br /> lie2d by .E.ender at the time od rs�plicatian as a credii :r�ainst the .<,cmi, .�ecurec} h�� thi� �turttia�c.
<br /> 3. iipFlication at Paymeais. linte�s a���>licahlc iau• ��rovvieies ntherw-i�s , .�ll pu1•ments receSvcd by Lr;acier
<br /> � � under thre �lToie �and �zxragrap3i� � l, :sii�12� htreof� s6ai ! bc � ug,plie�d !ry I,endcr f�sss�� irr Ctin,yinerst� of amc�iugts payable �o �
<br /> ' ' Lender �y Borrawer under �arasrupl� 2 }�ereot, t,hr.i� to interest �>ay�alale on tl�e �oie :3ncl nn Fictnre Adrances, if
<br /> y � any, su�c� then Lca the principal rc�f �he \ate zand to t11c y �rEnoipal r�i 1�'uture Ac�ti°Hnces, ii uzay, .
<br /> � 4. Charg�s; Li�sr' Barrower sliali pay nli Guxes, assessinents. and other cfrarges, fines and im�sositions attrib-
<br /> , � , ut�.ble :t�- ttse Fxopearty which may attain a prioriig csuar tl�is 1�Tortgu�e; and �rouu�� rents; if anyr, at Lender's s
<br /> $ Q' optlon ix� the msnne� prawided �inder r�arag;rai�lx 2 kiereof or b.r i3oiro�ver �nakin� p�yme�t; �ehen dise, directly �Co �
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<br /> , . ; the p�y� Ehereo£: 13orrower s}nstll pranspEl�,*, fumisli to Leixcier all 'natices of amoun�s dLae under ttiis para�rn�ri�, j
<br /> Q ' and in ,t�ie �venL Botrowex s2nali `mskc ��ayn�ent directly,.73orra�+•er shu�4 �rranaptly #urnisia tu T,ender :recai�ts evi-
<br /> ' � �t ' , � � dencing at�oli payme�ts. $urrowec s1�a11 {�r�amptly tSisctiurge aitg lien whi¢l� has griarit3r over this IT�rLga�e ; �re�- .
<br /> � , ; , vided, tl�.at Bortrower sha(I not bc� required to ciischar�e ttnv such lien sn long;as Eioixawar shc�ll a�ree in m•riting io 4
<br /> 9\, . the pay�ent a# tfie aBligstiion s�cureci 6y sucl� ]ien in xc �nunner sieeeptuL>le to f endcr, <rr s's�stsTl.in goad faith contest
<br /> � � ' � such li� �y', or defe�d en�nrcement of snclz lien iri; le�al F�roceeciinga ivl�ich a}�erate tn �arevent the eniorcement of ' � '
<br /> „ x the lien rn' fort'eitUre of the Property or �ny part tiyereaf. ;
<br /> 5. Hazard iEasurm�ce. F3ox-iaw�r shalt keep tl�c ixi�provernents no��• existing or herem£ter erected on the Prop- ;
<br /> � erty insured against 3oss;by fire, hazards ineluded xvithin the ternx �`extende� cflverage", ssnd such o'tti�er- haxurtis as
<br /> r, ';�' Leuder may require and`in such flrnounts �xnd tcar sucli period� a:, .Lender may require ; pravided, ttiat- Lender ahald �.
<br /> r, .�, nat require tl�at il�e amount of �a�ch eovera�e exceed ttxat amounc ;of r,ot•ecage sequired to �ay:thc sume secured'by
<br /> ' this Nfortgage. : �.
<br /> The insurance carrier prvviding the insuruuce sha3t k�c cfiosen by $orroiver sui�ject to appraval by I�ender, , `
<br /> ' providQd , thut such ts.pproval shall not 6e unreasonably withl�eld: _+31! premiuins ,on insurnnce �rolicies' s6a11 be paid � '
<br /> at Lender's option iri tlie munner provided under paragraph 2 iier�oi or by F3arrower n�r�king puyment, a�hen d¢e,
<br /> � directly �o the insnra�ce esrrier� . � '
<br /> ' •" In the event aziy policy is not renewed on or #�efore ten days of its expiration� the Lend�er, to protect
<br /> £" ` its interest, tna_y procure insurance on tt3e improvements, pay the premiurns and such sum �hali become
<br /> immeciiately clue and' payable with "interest at the xate set , forth in said note until paid and shall he
<br /> � ' sei:ared by this Mortgage: Failure by Sanower to compiy . may, at option of Lender, constit�te a default
<br /> �i under sthe terms of this �Iortgage. '
<br /> At1 insvrance palicies and renewsls thereof s1�x11 be in form acceplable to Lender and s6ttll incIude" a standard
<br /> , � �uortgtsge, clause in fsvo'r of and in form acceptnble io Lender. Lender shall -t�svc the righc to liaki c•h� �alicies miad
<br /> ' ;f renetvals thereoi, and Borrower' shn13: �>romptiv iurnish to 'Leuder al? rencrval �otiees an@ nllreeeipt� �t pxid pre- '` , ; .;
<br /> � � miums: Zn il�e er•ent of loss, Borro�s�er shafl give prompt �iotice to i.he insurance esrrier snd Lender, and Lender
<br /> � may ma�ee prpo£ oi Toss if not;innde promgtly 6�-Borrower.
<br /> °� i3nless I.encter u_.�d Borrower otl�escvise sgree in writing; insur:nce �zroceer3s shs11 be applied io =e,storaGion or
<br /> repair oi the Propercy dama�ecc�; proti*ided �ueh rescoraiion or rep�ir i� econofnicaIig ie3sible nnd ttsC seeurity of
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<br /> ' � ' this \qortgage is not tlierebv iiianaired. Ii such restor:icion ox• repazr is not ecanomically fcasible or iz` tlie seeurity
<br /> of this 3�ortgage �vould beampa;red, tlte-insurance t�raceeds sl�all be :npplied ia the sums secured by tuis biarigage, ,,
<br /> �,� with tha exeess, iS auv, paid to Borrower. If tlie Yropert�� isabaiido.�ed by Borrosver or ir" F3orrocr•er fa�ls to responti
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<br /> to Lender cuitlun 30 duys af"ter notice by Lender to 13orro��•er x��ac the insurance c�rrier ofiers to sett�e: a claim ior '
<br /> � insuranc� benefits. L-ender is autharized to �olleci snci apUly tlie insurance proceeds_at Lender's op�ion either io %
<br /> � � restoration ar repair of #1ie Property or Lo tne sums secured b�• t1i;s 3lo:tgage_ _ ,
<br /> Unless Lencier a.nd Borrow�r otherwise agrec in zc-riiing sny� sucly ap�lication of proceeds to pziacipa2 shall �
<br /> ? , ? noG extend or pastpone ihe due �ate of che iaonthly installments referred #,o in �arasTaohs l and 2 her+eof or change ' � '
<br /> ; � the amou�t of such instaltments_ - >
<br /> , r . � If underparagraph l$ herevf the Yroperty is ucquired b,y Lender, xil rig3�t, tiile anci interest ot:Borrower in
<br /> y . z ; and to any insurance policies a :�d in and .ta Lfie ��roceeu�.s tliereof i to tlie eaten� of t.lie sums secured by this 1�Iort-
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<br /> gage immediately pr5ar to �uch, sale or accyuisiiian) r�uliiny #rom damage t.o ihe Property priort�o the sale or
<br />�, ^ aequisition strsl: pass ro Lender. �
<br /> ; 6. Preservation �►d M�atenattce of Property; Lecasehalds: Condomiaiuu�s. Bonot��er shall keep the Prop-
<br /> ' t. � erty in gaod repair a�d shall ncsi E�ermit or commit «•aste; iinpaimnent, oi• deterioraaion of tne rrogeaiy snd snaii
<br /> � comply cvith the prozyisions of any lease, if this \Iortgage is on s leaseliold. If ihis tiforigsge is on a condominivai
<br /> „ ' � unit, Borrower shafl periorm s3i oiBorrower's obliga "tions under ihe decl�ration of condominium or master deed, " '
<br /> � � iheby-laws und reg�lations oi :.:i�e eondominiucu projeci and cnnsci'tuent docun�enis.
<br /> t 7. Psatection oi 7.endez's Security. If Borrower iails to periorm ihe c���enant.s 3nd aga•eements eontained in
<br /> this ii'iortgage, or it s:ny action c�r proceedine is commenced n hieh rnaterialiy sffects Lend�er'� interest in the Prop-
<br /> � erby; including, buG aut liiniied to, esnineix� domain, ir,oal�•ene�- , ec�de enforcement, or urr�ngements or proceed-
<br /> �,;� s , angs ixnvolving a t�an�crupk. or<decedent, ti7er Leuder ac I.ender`� o�si;ion, upon noiice to Borrower, in�y make such
<br /> �ppearauces, disburs� such sutns anci iake such aciion as is iiecessaiy Lp protect. Lender's interesi, i�cluding, bx:t
<br /> ' ' �` noL iim'sted to; disb�*easenL of re.ast�nable aLtorney's fees an� •��try upon tl�e Yroperi�• io n�ake < repairs: Au�
<br /> � amounts cli�burseci bv Lender �ursuuni to tnis paragi�a{�h 7, i��iiii interest thereoa, shali beeome additionai indebt-
<br /> ' . edness a£ Baxrower secured by x_?�is \Iortgage. Unless Borrou�er and Lencier :agree to ather terii�.s af iasy�ment, sue��
<br /> ; smounis �hal� be pay.sble np�:: . Psotica fror.� Zender io Borrp�e�er requestiug �aytnent tliereof, und slia.31 k�ea.r intes-
<br /> ., . . t �]'' ., ......�.., � �. r1 �., i�.. � tn� ir T. �
<br /> „ est irom xhe dat,E oa ...tSE�,,,�.�.E:t ..t . ..., . .. ..., _te___ _ a _hP \'ote unless 3�avmeni of znterest at sucii r�te would be
<br /> � ' eoutrary #�a app�icab3e law, ia wlucl2 evenc. such nmounts strall 1a�xr interest at the isigizest rate perGnissible b?✓
<br /> ' ; applicab3s law_ \Totlzing contained in i].�is �arxgrai�li i sltall requirc� I,ender La incur snir expense oa do any aet �
<br /> hereundea.
<br /> .. ; $. : Irsspvctio�. 3.enitea ri�ay' maFze or es�use to l �e iiia�3e rra��xaulale eiu.rieo uE�otz i�rrti iiiapeciiuti� ui iiic �rvi�-
<br /> ¢ eny, pra��ded tt�At Lender �3�ail give Borra;��er nozsce ��i•ior io azn• suct� ins�-ii�r,iion =�3ecii3•ing reasonable cuuse
<br /> tLerefor related t,o I�e3ader's intieresi in iiie Yro�erty.
<br /> :c. ; S. Coademaatiom. Tt�e prooeeds of a�y scsarct or c<aitst ior �iams�es, direet or eonsQquential; zn eonnectiaa�
<br /> f ,: wi6h an� coszdemz�ati�n or-other taking oi �he Yro�3erLy : c�r taarc t ':aereoi, or for con�•e�ance in lieu �i condamna-
<br /> �ion, ese 3��reUu assi�ned rinc3 s�:311 Le paid to Lender.
<br /> ' ' " ; In tt±eevent of a. total taicingot zhe 1'rc3�icrfp, tlm �-, rocee<i� �i�a3i I +e .3�iplie�� to ihe sutne securec! tap this �Sort - � i , . �
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<br /> ., gage, ic�it,3a the .ea:cess� if an,y, pais� to BarrnLser. In tlie event oi a }3artial tabing of ihe Property, unl+ess Bonower � �? §,
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<br /> and T,eu++cier uLherwise:agree in ti+c�ruing, tl�ere sha31 be applied co tisi survs secured bp thiy Aiortgage such propor- .;+ r_
<br /> , , $ tioa of t�e Proc�e�3s x� is equal w #.hat prog�ztiou ax-hicis ti3e nivauzsi �i she auurais secured by this ll�rtgage isnme- " , ;
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<br /> ,� diately p�ipr to t�e datie af taking betirs %o t�i�e fair ix3ax3:ec ralue r�i. tl�e Yn�perty iit�medi�a.ely prior to tl�e date csi � �;�
<br /> taking, �h Lhe.�rals�ce of the }�soceeds 7�ic� to 13armwer. r:• ' �
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<br /> � ` ' If 't�se P2ngexty:'s5 abandoned by $orro��er or if .;fteY notice Uz- Leitder �o �orro�cer thai the cont%einnor nffers �''�`� ^" '
<br /> ��, .,
<br /> " � - to rcttakie �tan award or settle a claim 5ar'�amsgea, 13orra�^e3� [asls La respotxd to i.endes R-iti�in 30 riays of the datee �
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<br /> of such ncatic�, 7,�ende� is author�zed to eoile�t uud a#r�a3�� the F�rac^e+eds ai. Lenc?er's optian eii3�er tv nest�ration oa ` F
<br /> repais of �e Praperky� or to the s�ms eecurec3. #��_ �i,is �larigage.
<br /> - � Tx '�3:w',ms I.eu�Iea' a�3 II,..rt�.wr„a ,aLlac� 3�� �r� �t. a;a :i,uig, au� aua;li ,s��ii�;bLiuu ut }uu,:�� iu ;.rrin�:iNai sLsi;
<br /> � � �� � ., �
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