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<br /> � lf urnder r7�ra�raph 18 kxe�f sh� Yro�,e-rty �« ,�ul<! or ii�.� 1'rwajx+erey n o� i� c�r�e�«�> u���� r�airr� l i ; r I .a�nrier. t .enc3er �
<br /> �+hul! �p�Eg', ua later tl��n iir�z�xec3intcic� ��rior to tl�v a„�tc oi ili<� I�rc���crt)' t�r � t ,; �uv �iii,itios� tiy' I .t•t�� i1�r, :tiay N't��s<1,
<br /> hel� by I .�nder �►t the time; crE axr��lieatwri u.�c a �•r��cfu. a�;�ir�,l thr ..ueai� ,� ��ur� � t ln� ih „ � ic.rtgu;;r.
<br /> � �. �4�i4n � Fstyt�e�t� lr^��� :ip�ilicutilo la�r pra��tcfes otheru�i�«� . ull Er;�yments rt�a�civ��il by Le,nc�er
<br /> undes the �Tote unc! psragrspl�. 1 und 2 hcrt�crf vl�ull t �e :Y,p}�hr� i bw• I,eud��r tir.t. in � �cxyinent ul ut�iaurtts puyable tp
<br /> � ,cr
<br /> Lender by Barrower under per�rapl� Z hrreot', theii to int� rc+st � ,:«-utale on t !«� Natc :Lnci on FuEurc Advances, i[
<br /> � uny, aud theai to the principat a£ the Notc� uz�d to tl�e Firincipnt �f k uture A�tv_nncc� , i[ any.
<br /> 4. CEuug�ss Liaas. . Borrpxer sliall puy nil taxe:v, assessment,� unc3 uther eharges, fine� nnd impositipne attri�-
<br /> �' utable to the Property which msty :nGtain at priority ati-er this Ylortgaigc, sn�i �;round rents, if any ; u,t Lender's
<br /> =� 4ptipn in �l�e manner �rnvided under paragraph 'l hereof ar 1>y l3orrower m:�kiai
<br /> �'�i ' , g payrnectt, when dtae, clirectly to , �
<br /> the gayee thereof. Horrower ahslF prpmptty furnist� ta Lfmder ait r„at.ices of simounta r.lure under thas �aragrapeh;
<br /> _ � . '. ►'w„ stnd in the event Borrawer �liali makc pagment d `uectly, I3urro�e�ei• slinll r>rom�tly iurriish. t¢r Lender reaeipts flr i-
<br /> � ' ,`r» dencing auch .payments,-Borrower ehal! Proml�tly clisclaaxge nxty lien tvhich hA�' priority over this �layrtguge ; pr�o-
<br /> vided, :that $orrowersha}! not be required ta discharqe a.nysueh lien. Go iona as Bor.cccer �l�t�it 3gree in wziting to �
<br /> y� _ �,hGgaymeut of ths abiigation secured by sucl� lien jn a �xsnnner accept,nble ta Lender; or shalC in govd ,'faith contesC
<br /> y suah lien by, or defend enfarcement of siaets lien in; lc�al �rroceedinss �r6iclt operate to €�rc��enk the enforeement of
<br /> ; ' �he lien or #orfeiture o€ithe Property or any part tf�creof. , . ,
<br /> � ' .� S. Haaard Xnsuzasace. Borres��er shali keep tlze iu�}� Tovements no�v exi5ting oi• lrere3fter erected an the Prop-
<br /> ; erf,y insured against loss by fire; hazards includeti �vithin tl�e term "exte�ided cavernge", and sucl� other hazards as
<br /> � Z.ender xnsy reqnire itnd `in such �xnaunts nnd fpr stitcli perio<!s as I_cixder may rpcjuire ; pro�:•ided , that 7;ender aLp.31
<br /> � ^ ziot require thaEthti anaount o£ such coverage exeeed thnt nmount af cover�ge r�quired ta ryuy the sums senured 'by
<br /> � r" , this Moctgage. J' � ; ' ,
<br /> ; The insuranae carrier i�roviding tlic: insuruuce shall t�e chosen try 13orro�ver suhject to aE>provnt t�y Lender ;
<br /> ` provided, that such spproval shalT not he'w�reusonably withheld. Rli premiums on lnsurance p�licies, shatl be pai<! `
<br /> st Lender's option in the manner provideci under parngra�li 2 hereof or by I3orrower n�akin� pnyment; when due, r
<br /> directiy-to the insurance carrier. `
<br /> � ' In .th� event any policy is' not renewed on or before ten days of its ��cpiration, t}ae Lendea, to protzct ` �
<br /> t ` , its interest, ma,y procvre insurance on the improvements, pay the premiums und such' sum s3�a1L beeorne • ' ` � � `
<br /> - unmediate2y due and payabie with interest at the ra. te set forth in saici note until puid and shall t�e
<br /> �� � secured by this Mortgage. Failure by Borrower to camply may, at option of Lender, constit�te a deEault
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<br /> v' � under the terms of th�is Mortgage. � �
<br /> ' AII insuranca poliaies nnd, rene�vals thereaf shnll be in Y'oraa ncce}�tuble to 3�ender nnd .h:xll include u stundarcl �
<br /> ° ,� tnortguge c2�use: in fuvoi of and in Sarm �ecepinble. to I.endei , hender si�ult l�ziue the ridTit �o liuld the - 1iolicies anci
<br /> renewals thereof; und Btirrower sP�alt �irortiptly fiirnisii ia llender a�ll - rene�vaI notices an3 mll reeeipts vf pnid pre-
<br /> ' s miumSc ;In ihe event of loss, $orrower shall givve j�roinpt notice to the insurance cnrrier and Lender, nnd Lender ; ' +
<br /> �, .j ' mny make proof of los� iz not ma�e promptiy* �y Sorro�ver:
<br /> ° Unless Lender and Borrower ;ntl3er�vise agree in �v�•itiaig; insurance proceeds shall , be npplied to restoration oi ` '
<br /> � ! repuir oi thP Property damt�ged, provided such restoration or repair is economicall,y fea�sible iin<i Ghe security aY `
<br /> c� i this Mortgage is' �1ut t}iereUy impaired. If suckt restorniiotx or repnzr is i�ot econo�nica;ily fe�.sible or if tlie securiiy �-
<br /> �' of this J'tortgago would be impAired, tl�e insura,nce ��roceec�s shnl ! lie applied fo the sums secared by this Mortgage,
<br /> � with the excess, if any, gaid to Borru�ver. If the Yro��eriy' is abandonecl by 13orrawer or if Bai•ro�ver Fails 'to respoind
<br /> ;, to Lender vc=ithin•30 days after notice by Lei3der to Borrocs•er Lhat bhe insurance ec�rrier offersito settle n claim for .
<br /> � e insurenee benefits,. Lender is authorized to coIlect �nd apply t.he insurance proceeds st Lender's optioti' either: to
<br /> � restoration or repair of t}ie Property or to tlie sums secured by tl�is �Eortgago:
<br /> �� � Unlesa I,ender an<i Iiorro�ver other�vise agree in Svritii�g, o,nv sucli appiication of proceeds to ��rincipal shall
<br /> ? not extend or postpone the due date of the monthly ii�stallrnents referred to in pnrugraphs 1 �nd 2 hereof or change �
<br /> r � theamount of suoh inst311ments.
<br /> ? If under paragruNli : 18 hereoi the Yropercy is acquired >by �.ender, all riglit, titic and intere,t of Borro.ver i: ' _
<br />� ; and to any insurance policies and- in unci to the proceeds tEiereui (to ihe extent of the :sums secureci by this i�fort- �� �
<br /> '• gage immedi&tely prior to such sale or acquisition) resuli•ing from damng� t.o the l}roperty prior to the sale or '
<br /> � p aequisition shall puss ta I.ender.
<br /> 6. Pres�rvation cmd Mcriatencmce of Property; I,ease�olds; Condomininm� }3orrower shall keep the Prop-
<br /> ` � erty in good repair snd shr,ll not permit or �ozn�nit wuste, impairment , or deterioratiozi of the Propert3! and shall ' ' �
<br /> „? ctamply wiCh 61�e pr�visivnc of utiy icase, if ti�is .liurcguge is uii ss lesssenoid. Ii iiiis \Iorigage is on a co�dotnin4um
<br /> ' ur:it, $orrower shnll periorni all of �orrotver's obligations uniler tlie c�eel�rstior. of ecndonlsniam or rrcuster deed,
<br /> , w} the by-7aws and regulations oF tlre condominium project anci constitueiit docmnents: '
<br /> ' 7. Rzofection of Leader's Security. If Borrower fn.ils to perform the coven�.nts �.nd a�•eements contained in.
<br /> f , thss Mortgage, or if uny action or proceeding is connnenced )vhich materially afTects Lender's interest ira 'the Prop'-
<br /> ; ; i erty, including, but noL limited to, emment domain, ' insolvency, cocie enforcement, or arra�gements or proceed-'
<br /> <z inga involviug a'.I�ankrupt or decedent, then Lender at I,eader's option , upon notice to Borrocver, inay make ench
<br /> , ; � appearanaes, disburse sucli sums and take suclz uction ns is necessary to protect Lender's interest; ineluding; but
<br /> nat limited i:o, disbursement of re�.sonable attorney's fees- and entry uPon the Property� to anake re�airs. Any
<br /> � ,�. amounts disbursed by Lender p+,arsuant to. this �aragrayh 7 , �x�i61i interest thereon. shall Uecon�e additionnt indebt-'
<br /> ,, ednesa ot Borrower secured by this tiTortgage. L3nless Borrower nnd Lender agree to other te3ms of payznent, such
<br /> � amounfs sha33 be payable uXaon notiee trom Lender to Borrower requesiing gayment thereof, and sha12 bear inter=
<br /> :_� est from the dAte of disbursemeni st tbe raGe ststed in t}ie �'oGe unless paymeiit of interest at such rate �vould' be
<br /> contrary .to applicable la�y, in which event sueh amounts shall Uear interesb at t6e highesi rate permissible by
<br /> � up�licable law. \?othing contained in this paragraph ' 7 sha11 r�quire I..en�er to incur t�ny ex}7ense or do �tiy sct �
<br /> ; A heraunder: , _ �
<br /> ; a B. I�speotion Lender may inake or cAuwe to be made r�acQnal�le entries u��on and ins��etio�is af tlie Prop-
<br /> ,y e1ty, provided that Lencier shall give Borro�+�er notirc � �a•ior to tmy siaoh it�snection ' �pecif�-inn re�sons�!e caasc
<br /> the�efur, xelated Lo Lender s anteresi in the Property;
<br /> 1'� 9. Coadamnation. The proceeds of ssny stvani or ctaim for, dar��sges, direct nr enn���ienti�l, in eonnecticn
<br /> +��.� wi#� any condemu�Uion or other taking of ti�e Property, or ��art tliereof, or for convevsnce in lieu of condemnn-
<br /> � � f,ion, are hereby ass:gned and shall he paid to Leznder.
<br /> ;� Tn t13e ev�ent o#' ra t�tal taking oi t11e ProperG�, the ��raeeeds elir�ll be aipplied to the surr3s aecured by Ghis Mort- �
<br /> � g4ge, with the excess, if any, paid to Borromer. Iu kl�e e��ent of u pariiz�,l taking ol� tl�e Yrape.rty, unless Borrower , ,� ,� �
<br /> v�^'" � gncl Lendar athea�vise a r�e ii� wri � � �'
<br /> g ting, there sliall 6e applied to tlie sur��s secured by this �1oiYgage sueh propor- m; , ;;
<br /> tioz3 of t�e T.c�ceeds as is ,e aal to that ro ortio� wliich tiie �rnount of thr ��..,F � �. �;.•- * ,�,:
<br /> 3 � fl P P cure� � .:o �.Y-vi�g�-sge itnme- � � a
<br /> ; diaytely �arior t,o the;date oS taking bears to che fair uiarket �aiue flf tlze 1'ropertv ianmedia£elv prioy to the dnte of
<br /> � ;� tak�ng, wst�,t.�ae.�aisuce ai Lhe proeeeda paid to Borrower. ._.
<br /> ; " I£ t 2�eti�.rtsr}�rEy is abax�doned bu 8orrower or if xtter notic� hy T.en�er to Bo.^olr�er tha:. �hc cond�u:.nur otTea•s �,,,w
<br /> + _ ' to �a�te, a� �pt*ard,%or sett3e n eisim fnr dania�es, liorrower �'qilv to rec��nd to 3 ,ets<�er ��s�it�:an 30 da5-s o� thc ciat,.: ""'"
<br /> � » oi �aaharc►t,i �i � r
<br /> � s�e; .l.eader is authprised co col�eet ar3r1 a il�- th+e roceed. at I.ender's o >tion eit-�er �u restoration or � 'W�
<br /> re}>sir oF the i�rogerty or to tha suins ae�ured 3iy t�is \Yorr.ga�e., �«, "
<br /> ' � �Tnless 3..e�der and $+or�ower o�h�er�vise agnee in �vriting, any sueh applicatioa� of praceede to Urincapal Ffaa.l l
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