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<br /> � If tss�der }�1►ra�zZtph 18 ��t^t^�cit thc F'ro#�rxty is s�� 'irf <ir the• f'ro� ,en � i« .ttii4rwi�.� : . rqu : rr. i ' �> f .� r .:fer. E . rn�ier
<br /> � � �,{7ali apply, wo laLc� � tl�an irtsme�di.utel,y p�rie7r t� d:�v n:aic nti N �.= t'ro�pi��rty r,r ti -: ;�.•�en ��, sraon I��y i .,, �. i��� r - n ���� C��n.vd<
<br /> � 11etd k�� .�.;cnder �G t�� t�,i�ue oF. ay���larntio��i si.y � r. tx.l�t :s�;:��in:.t t t �c :.itzn � �� � ur�r��! in- t 3e�- �icrrt�:r;;r .
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<br /> � , �. ' Applisatian +of Payss�eats. Llnic.;c .s�3�ilicaahlx� i :a �c �urns� i��:�; i�th< � �si.e :tii ti.�_���urs�t� rrr��ccerel bv [.en;icr
<br /> und�a�tia�e Nott3 �ntf ��dra�ra�i�s n �a��i 2 Iietr�af �l�;t'il hc ��iplic�.9 1 .e & ,iatdcr za �°st in p:iy�nenc, �aF nrrroemt,�. ���npnbl� ta
<br /> � � -�+o• � �,t�xder<�}�y �i�rrow�es utnt3e�a t�`xr�*rapla :t � t�et.c�P, �tlia,n to 3rt�i�re�c Fa:�yiiblc on flix �a4r �iid �n l�� it�sre .#�Iv�nnoeM . if �
<br /> i � �R�, ra,nrt tkces� tu the. �trincipai zs�<tlie tia3tc ar�d �o tiu }�r'rnri�iai ni I�uturc :lri � in� rr , sa srre,,
<br /> r 'k � 4. GIicug�s; Li�aaa. Bosraw�er sbaiL p�y �1I taxcn ss�sar.nsnne,tats ��i41 ot,hf=.r � �1r{;�s, iine� an<1 �m}aoaitians c�tkrab-
<br /> `"� utabie tvthe Z?rape�ty u�hicl3 i�sny ratts�in a priorii� �ver this :�Sort�lgc, sa� �;r�z�nii reraY� . it anc. �t, I�.r�der's
<br /> � ' 'qptio3� izs the rna�a�er pro�ic�ed cssider pa�.r.tgrPz}�h; S her�sf nr h�• I3nrron•er n�;t� �n�; �isti�nrnt, u•hen due , rlirectiv t.c�
<br /> rv� �"`�, �he p�c,yec �he;�ni. Sorrotiver sktst�! �roxc�}i!:t3 *u�siis9a :r, �;arader ,nkl ai�ficets t�f �nrouxits �iiac ixride�r tlria j>atngrnph,
<br /> w,:� at�dan ,GEae.eti'e1tG 33t�r.rowerE3�ati aual:a ��aysatent direetlz- . I3�irr�cuer sh€tll ��r�axig.-stls� iurrxisii io i,ender receipt,y cvi-
<br /> i �� de3isvaitag isucl� pn�m�nt,c. Borron-+er shald �aram�ttl�� ciisei�ra.rge :cn}- Sicx� cvhirlc ta� }�rioriry �vrr this �loi-t�sgc ; F>ro�
<br /> ', :n ' vid�i, t3��413.otrr�we� s1x�11 ncat Li� requireii to �iiscl�ur�� a.nv �iirl� lieai sa loca�; t�-� 13�rrnvscr �;�islt sure+� in 5�=ritin� i�
<br /> k th� p�yrsaenGc+f t3�e cs3ali��tioea ae�ured fa�: sctcls lien iii zs 3xsafinxe acee;�tai�te to Leniicr, ar� sh:al( in qoa+i £sitli con6cwt
<br /> , , �' . su�h 1iea ,^ �Yr ur-c�c�ter�d 'en£oreem�nt �E sue,3t ! 't�tt in; 14��a1 l�rnceee� irst�:c n�hicly oF�orrtitc to ��i�ev er+ts t �e e�nfri�rce�n�cttt� od
<br /> :� the lien rwr for€ei�ur� ut the Pro}{erty or :iny }xnrt t3iereof- -
<br /> S. IFuzsd Iasurmtce. 33or�ower sl'iali k�e�7 t!t<� iFti}'�rc�veznents �ia�r exi�titfg ar i�erenite�r x�re,eteci o� the Pro�a- �
<br /> < � qrty itssias�ecl ia�atnsG Ioss by i"sre, 2�tizsrds inalu.ieii cvitkain il�e iei•txx ':eaEe�zdea3 ctigti�erage", un��3 �uc�lY �ttici� 1W��urds as
<br /> '� ,_ ' Lender 'mu}� requfre �ud in vuch sniuunts az2d ior sucl: �ac>siai� a� ]�en�ter in�,y require; t�rovideJ , t}tat F�endar shall
<br /> � na�'. ret�u.ix� t�rn2 �he �mo�ant of szsoh covera�*e ��ceet� tiaac nxno�azlt u£ r����ara�e a�yuired to �awq th� ���nts -senured " bt�
<br /> J ...� - ' tltis .��hr�gage. +
<br /> ':,j The i�xsttrsuce carrier prut•i�3in�; tire ins�cr;�z�co>, skas� li be r,laoseti b� F3ar.rotis �r stibaect te� a}i�rovni i�y t�ender,
<br /> ;� � �>racided, uhat sueh ;�.}�piroc=n! �Its.Il noi Ue mar�ssonaUl�* �s*it,Uheid. rlii pre;�iutns on insurance y�oticies s2-�a�1 bs' pa,id
<br /> � y ut Lender's o�tioai ua llie na;�m�er t�rovi��td u��dea� �>ar:a,gr�.pl� 2 ;ierecaf or t�y I3urr�twer r_�z3kia3� p�.yaxen# , when ciuc. " :
<br /> ; c�irectl}*;t�o tl�e insurs.nee cartier. ;
<br /> ; In the evc3iat azay �olicy is not renewed on or before tez� days of itn crpiratian, the Lender. to prute�t
<br /> y ...� 2+a ��Eora�F� ma,v rn�-^(:'3"`' 7^SI:�P.!'� O_^_���tt:E 71L?�.�r�Y�i?2+�.'Tlt..S`r a�}s'�' Y�?E �. i'-:aTIllEli115 �...9II� 5UCf'S�. . SUIT3 . 3}3Au t7i3CQ3T1C . . • � �� . . . �.
<br /> ; ::� imrnedia�tel,y due and pay��ile �tizth interest at the ratt set foxth in ` 5.�eizi nnfe until paid a�rxd slattll be `,
<br /> °g 5ecurec� �p this i45orCgage. Fa,ilure bV Borro�ver to complv may, at opf:ican of I.end�r, cunst3tvte a default
<br /> k .:; , under<tLse terms of this 1�Tc�rt€twge.
<br /> tJ�y . .. . . . . . . . . . . . � ' . .
<br /> : r . tlll izisuranr..� poiieies ctn+d re .ne�cals ih�reot �hall Uti: in ioriv accepcubte t,c� Leixdt.r :}nd 51t� lt inelude . a skt�ndsni " , . ' ;
<br /> � " a mortgn�txcluuse in fr.�vor oi �nd iii for�n accee�ata}n1e io IJender. I.enrl�r shsli I�:t4 c tiha ri�;ht vo ii�ld the. �oiicies and ': ;;,-
<br /> 3 renen+sls tliereoi, undBoirower shnit }ironi�tl_y #ui�nis�z t�o Lender< ail reue�val is�tices uxia :;lt rucei}3�„ cst pgid �re- : � ` � - "
<br /> � t � uiiums: In tlte e�'enc nf loss, iiorrower strxil gi��e }irbm�� notice to thE� insur:�nce cnrrier ua�d I.ender; anci Lender
<br /> � msy c�e proof: of Ioss ii not inade pran�ptic iiy I3orro�.ve3•.
<br /> �' Unl� Lender a.nd Borr��vea otherzcise a;ree in �+ ri�,in�; in.uraxecc ��roceec�� sl�all 'be ag��iied to restorntion ur
<br /> t :� rep:sir oi the F'ro�ercy dsn�a�eci ,. provideci sueli re�torstaon ur reF�ctzr is ecoi�o�=_�icatl�� ie. isi .ile and tlie seouritp of '
<br /> �' �.� ' this �fortgage is swL tliereby imp�tired. Ii sucii restoraticrn or reFx:zir is nor, ecnron�icali�- Cr.asi��le or if tIie seauraty � . �
<br /> �i n# tl�is \lortgsge tvoea3d �e impniacd, the in�ursnr.e }iroceeds sh:� il ix�: appiie�ci !�� zhe sunrs see�ired b}' this Mort.gage�
<br /> > witi7 the escess, if an��; Puid io 13orroc�ea-_ lf it: e ProE�crty is ah:�nelo�sed i��+ I3Yaf•roa•er ar : £ F3orrorver €aiis Gn respnnd ,
<br /> � Go Leudea y�•it3iin 30 +�uv� atter natice .by: l,.en�icr t� 13orro���er t.iia& t:�r insursi�c� c�rrier ot�eia to settle u clnim : £or
<br />�� � ;nsurs.ne� �enefi�, I zr.c;e: ic s�r�orw.ed. to cc�lle�t. and �.p��i}• rla� izasur;uxce pr�ceeds at Lender's optiEan either: to , � ;
<br /> � restoratirsu.ur, se�air oi t.lie Property or ta tl�<� s�i�ns se.eu �eei l�• cir:: \IorGgaige. . ;,
<br /> � L'nIess Lender r�nci ]3oir+c3�t•�r othenvise :�.gree in �vr3iing an�• such ap�Tic�tiou uf proceeds to }�rincipnl shaIl 4;
<br /> �� ,"� not extend or �ostponc tlie di.te dste nfthe. i3iosat.}�l}- instiailments re:terred bo in>� arngr:ip�x� i and '7 herao# or r,hnnge ; ' .
<br /> a" the amoiz�t ot Such irssGallments. ` � '
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<br /> � If' u�der #�uragr.�pfx'Y8 hereoi tlic 1'roj�ersy is aoc�uiE-ed by Lender, a31 ri�t� i; titie sncl anterest of Barrower- in
<br /> und to ax�p inst�r�nce jioiicie,: and in anc3 to tiae }n•beee�3s clier�oi ; to i3ie e�tent of thc �iiius sicured by ,this 13nrt- ; ,
<br /> � ': �ags imc3eietlitti�ely> prior to such -at�le ur aentii�itionl resciltin� frc�n� ilam:i�e t.v the l?ropertp prSor to #he salo or ; '
<br /> xcquisationsh�ll ,pass tol:ender.
<br /> £ , k . 6. Presernafion +mid Masnteuuance of Pzoperiy; Leaseholds: Candomicaiums, 13orro�ver shall R:eeg the Pro�a-
<br /> , erGy in gc3od re��air asid skratl not, pe:mit nr cvnm�it: «:�st�, irnpainnent, or c3eicaior�iiuu of the Propei^t±.< flnd shs13
<br /> " � cornpiy v�ith t�ie proc isious o2 .;it_y leaser if this \lortgag� is uri s le�..,eLuld . If t 3u. �3oriGa�e is wi a condottiiniuzn ', ,
<br /> � unit, $arro�vershz�ll �erfonu sil of Borroxver's obligatians xm�.ier tli� deetazativn ot condaiz�i�siurn cxr inaster - daec3a
<br /> ; the by-l� �vs 4nd regula 'tious cai't"sie condcaFziiniu�ia pru� c �;c :tnd constic,uent, docucnenCs.
<br /> ' � 4 7. Proteetioa ot 3.ender's Sacurity. Ti $-orro���er ia<- ls to perform the ce�ve�;ints and ctgrcemepis contuined in
<br /> ' '3 this ltors�agc; nr if ta.aiy actioai ar �>roceedi�g ia coiu�uenced: wliicli itfateriallv affcc(s I,ender 's interest in the 1'ro�i-
<br /> , u z erty, izitluding, isut zzot. 1imir,ed za, euuxaent �nmsiu, in�lveru �; a>c3e anforceis�ent, oc arran�emexxi: or pi�nr,eeal-
<br /> � � ing� insis��•ing s .bxn�:cup�. or decedent, i>ien Lec�d�r at I_�uder a c�;�t ::ai�, upoxi pio(ii�c to 13orzro;+•er, ius�r make sueh
<br /> appec►ratace�, disi>vrs� suo�a suens aud t.si:e sucia act.ion a_ is nc,< «:amry ro prc�tcct I�cnder's intems�, inc3uding, }�ut
<br /> ;` not iiuiited tn,' dislru.me�vent of reasonaiale Aatorney,'s F�e and e:azry� ug�on tl�e i'ropert}" to u�akr� repuirs, Auy
<br /> � = umowxtas disbursed brr Lr.uder }aizrsuant: t,v tl�is �aarsgr�}�!x 7, �eitl� inierest thereon, shs11 becouae sdditia�al-indel�t-
<br /> edness qf Bozrowersecured t�s- c.tais \iorcgi�ge. T7iili.s k3orz•u�cer and I.ea�der sg�c to ottaer teraxis uf 4i+�Yment: suel�
<br /> � amtaun#s shz�lLl�e }�uS^uUla upon, aqtice irom Lender io Bcarrn��•er reqracstici� �a�'znene tliemuz, snd sholI bear intes-
<br /> " >' es�. iram the dake o! c3isbuz�ement, ut thr.. rate stu�eci in ti�e Vote uailess F>:�vmein# oi interesG at. sunh rat,+e �vduld he
<br /> $, cont,rarV tv ap��7iceb�e a�ti�, 's�i cvl�icli ed�nt saich ax�iounts slis�U laear inferest st tlie higt�es6 rai.e per�issik�l� tx5=
<br /> , ' i aNPlicttxt�I+e I:�tic., '_�:Fafk� in� cant:tizi��l in t,his 3rairugrapB 7 .=1�;� 11 3�eqc�i:��: I.cnde�� tc:+ ircur Lany e��onse c�r d� auy aot:
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<br /> hereunder.
<br /> S. ia�Psc;inss. : :e.zat�er iaiu� n�ake c>:. caL.si� t� lx^ cti�dc re:��ca�izal�iv eetirie; tt��uii ttn�i ins}aretiolta oi tlie Prot:a-
<br /> . . � � OP�,�'� .�:T'_'C+'['1C3i'Ia �t:R{' �'.:PT't�qT c3'ali pl1'l`. �t.°1T0{CET' I1C!{H'C i '7'li�f *(� 911<' . Ul >� inc��w�l`tl��;; c��P('7 `�V'tll� P7"�iPi�RFIM�C CBTi�f,". � . . . .
<br /> g t.hea*efarrelated to Leader's i�2.ere�st in tlie Yro�-�ert��:
<br /> , : 9. Condemma�oar. :The prcreeeds of uny :r���ani or claim s'ar dsro:igesi xiirecf: c�r cous��uen�,ial , in ecaimectiorz
<br /> " ��ith nny condeaii�stir�n or other iaking af the= T'rq��ei•t��, oa• �iart ti7creci(, nr fio*- enu�•a}=azar,c� in iieu af riandetz�n�-
<br /> tion� are �aersby'sssig�ed"and ;hail be pairl in L.rndea•;
<br /> � �n t,�+e ecent vi a toivf �u�ici� of the �'rapexty� ttic �irc-�cecci - ,'iisi% Li� a,�p3ic�i to ilie ��s�iis securett b� this ?liort: ,
<br /> �ugs, witaa the excess: ij uat5', }3�ic� ta I'sua-r��ver, it4 z3ie e�reni vi a; ;,ssrt�al tn�in� vi cdie I'ro�ertJ , uxile��� I3urr�iw�r �,`�"� V .�.�' '
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<br /> ,� , z�ud Leud+er ot��erwis� agcee in x�'aiting. Llaet� �l��ll be �;>#�lied to t,l�e suins �cured by° t;sii� �"11art�u�*c . cuch pmpor- ,�
<br /> �� `"�ian o€ t�t�e �roceer3s s.a i�s equ�r,l to that Nrauporcioa �vhie3a �I�e.uuiounc �ai ti�e :uxu:a �ect�red bc tl�is \�:orf�age imm�- ��� ° � a t
<br /> t'�5� �liately :psaor to #3ae dmte of takin� bears t o ihc lalr :;a�ask�L �•ulue of tl�e 1'za#aen� imme.diate(}� Wrior #o t}�e data of s ' �
<br /> � �� takang: wzth th�lsataraae ui tl� �roceeds {�id ta Bot:�owsr_ � � ���:
<br /> .,. .
<br /> �, � . �� .�. .�5,(1.`!�1{;1�r'� .'�S .'��iU31�G}ACi.`.,: by �(I�OSC'l;+ li77'a'. ,:tii�.i �i'iQtACL '.:�� ...�..CIIUCI' i.L" �st1SSUTL'Ci i.jl'.L:L. �:IC� . CGZ:(3i:Li7714I l'a�Cr"5 . . . , r.;�R .o�t.
<br /> to �ai:e: �t: a�:�a.�:: or sCttic a cls� Tos• �.aas�., k��,: ^;z^� fa :� !t� --c.:;:owd to �cnder ia•zt,Y:n 3U da�'s �f �hc da�e
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<br /> of su4ki tt+c►hl�, T�u�er is.aut�r�r,i�ed La r.c3tlert .tnd ap;�i} t�ir ��rcrei:�cls �i. I,�n3+gr's o�itivn caitt�er to rmasoratior� �r
<br /> ., H , . .,.
<br /> . :, repsi.�� �.�;s Panp�#,� ar to th�= scrsus seceu�ed b� tl�is \i.e�rc��ge. �'
<br /> ; ' � . Uuless .Lend� sa�d :8ori�ner otbcr«.ise aReree 'sxz Ys riting, xn�• such appisca�-�ian af pmceccia Lo z3rinci;�al shal3
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