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<br /> � � f uad�k' ��wxs'�e^�e'Ph !7� ��,ctcof xkkMe k''rcy�^mrty ia+ s�wlc3 or tl��� 1'ru��rr� �� is otbrtevizer asr-qttirrr� P.>v T .e�rairr, l..rrt��er �
<br /> Ahaf! ap�ly. r� lst�r Ei�aa �nrdsnta>:€y l�nor t.o ttia «ssitc ai' � !z� k'rRlu�rt�;, ur �E� arqui,�t inr� bq• } .e�n,l��r, saxi�• F'ur4a:irs
<br /> tiM4d �y YAn�d�r ut tl�e 4ime at up�a-lirciaiori t� a: crExlit �uinmt a anc ��ux,� :-s:cur��c! l�y� thi.x ;+�.ic�r�uu;;c.
<br /> 3, R�aa iol PaYsranta. C."'nlrnw+ �apiie��tc I:�H� {�rravicic, �rtt�s;nvi,;e. af! F>avsm=x+te re�c�.ime�i t>y I.e�u�er �
<br /> ut�dec' the ;tivte acai pArsgra�lia l mnd; 2 furrx>f �t�all I,cz up��li��+^� I�g 1.4n+ic.r lira! sn �ic�yua�:ent o! z�iriountn xn;�tyatale Uo
<br /> I.ea�r 3ay ERosrower wuier paFagrapFa:2 hrr�of, titers cr� iiater�at {ru}•atrle> nn the ticrte a�ad r�n �uture �d��nnca,a, if
<br /> � ' �nar, snd th+e� ia the ,princ�p�il of the Notr• sc�rd to t1Re �.rrinci�Eatl of Futuso A�ivx:�cu;. if smy.
<br /> ;. � i�. GLo�gwar Li�e. . Hortower etcall �ray sCl luxea. .sssc�arwenta an�i c3'thar chsm�gey, fim4� nnd icn�ositio-�x attrib• . „
<br /> � uL►bLe tu th�es -P'roFs�y whic.� may a�tnEn a �rx�ority vver tliex; �1�rt�s#�e, nnd gruueiel renca, if any, st. Lendsr's
<br /> � :� F4 ¢Atia�t 'in th� -znsune� p�videcl uader paragts�}i � 1aec�.wC or tfv Tiorruw�r ina�Cin� �aYirsent, wt��n �inr„ ct�rectiq to
<br /> , , �'+ , - the p�,y� t�reaf. Bwarrower nhal3 g�z+omptly fvrvixh tca I.ender nti noticea of amvunts <iue unc3ar thia pnrogrsplt. � ' ,
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<br /> �+^ and ia tha event ;$orrower s2�uli makm, Etuynient� dirccaTy, }3orc�cr ver . h�si1 pio z�p y urx �s�i o Lencier rea��pts e-:i- ,
<br /> '��'� �� deae�im� 8uc1� paymeEats. Borr�qwer:;shsll f�ro�:ratly diaci�arge ue��� liee� wYzich hns ;sriorit}� uver t�(sis �13ort�ge ; pcu� �
<br /> ,'r�,r � „�^^'�r vida�;that Soxrower sli�t,� nc� be reqtaired to dis¢i�argP any sucli tie� ec� lun� ��a �3arro��r sluill a,t�x•ee 9r�. cvriting °wo ,
<br /> �n ; � ; ,^�,,,,,, tlrer paynaent crf tiic a�ligs,6zp� sece�ed liy sneh lien zn se, �rili�ner ziocepto-�ia�c to I,eAcier, or sir�ll eri �ac�ri fsitit contest * ,
<br /> t ,� � suoh �ie� by, osde�emd �Yifareer�en& q�' suclt iien icr; 1e�1 proce�edin�s.�+fxaal� aperuie to .{rrevent Che' ��€:,��:emeni krf � ` ;
<br /> : ; !'� the ti+en or farfei�ure �f the Froperty c�r any ;-.s�.rt t,liereoi. , ;
<br /> ; � h 5�;, Haxa�d Insursmce: $unower slzixll kee}� tlie ic�pro�•ere�ents nuar existin� n� i�er�attor erected on t,he Frop- � ' ' � :
<br /> � ; erty is�guted aga`ai�st Zuss by firc, huiards inelc�,rled �vithin the term "exteaz�led oo�-esage''; nrtd sucti c�ther tu�zurds as ;�
<br /> a. � Lender;siqay seq�ire a,nti iu suali azno�nks ancl for suck� periods :� ;� t.eniier �uay re.�uirc ; �.aravidccf; that I.�exadet^ ahstl , " ,..
<br /> � `� rxot requira f,£xstt the ��.nit�nnt v�f sGeli covcrage �aceeec3 th..�t umownt uf cuvera�c requirecl to taay tho suma s�eurad 'b�r
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<br /> , '. �, 'g'he. insarance carrier; �roriding �Ite insearanee sk�s�ll l�e 'chosesi uy Borrow4r subjeet to a�proval 6y Lendcr ; ` " "
<br /> � ,,; pravided, th�t� suc}x u�prov�L sh�i➢ not. 6e unre$sonabiy �vithl�eld. ;�11 preaniums on insur-ancc' �olicies :�h�.�l be psid r, ' � n
<br /> YA � uL Lerader's upti�n in tlie tuanner pz�ovided under parm�riipi� 2 �iereot :or i�y Bc�rrosver �n�tking �s,yment;+when due, '_ J f `
<br /> ' � �iireat:y t;, th�e inaura�ce �arrier. : ' �
<br /> *' ; I� the et�ent aray policy is not renewecl an or �efore #xn da,y� of its espirativn, the �.ender, ta proteet � � � ` "
<br /> ? s its ir►�erest, may pracure insuxanee on the improvesnents, pay the }�remiusns an� guch sum sha�l becotne " � '
<br /> ;,� .y , irncnecliately due aned payahle with interest at the rate set furth in saici note untii gaid and sha31 :L�e ; �'
<br /> �a�,',� secured by this Maxtgage. Faikure b,y Bqrrower to� compl�r may; at option of T,emder, constitute a d�tault ,,; � ; , x `.
<br /> ��� � �under ��the �tezans.�of this �Iortgage. `, � � � � . � , ` > '
<br /> °xaj � A(i insusa.iaee. pa3icies nnd renewals tl�erec�t slial,l be:. in fpi��aa ncaepts�sle to .Lender :i,rad shzli 'inciude u standnrd , , „ �
<br /> ' ` } ' inort e ala�use in f�vor of .snd in form iicce 3talale to Lender: Lenrier skx all t�icc� the re hG to hal� the o�icies a�.sid '`''
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<br /> ` ; renecvnis: thereo£, 'nnc� Borro�er sSiall ��rorii{iti�: furnish to Lemder �ll rersetivoi no�ices a�cl sll receipts n£ paid pre,- � , .;'.
<br /> �� '*° miuua�. Zn the event o[ itiss, Borrowe> shiill �ive tacotn�t rintice ta the i3isUrance carries and Lender, a�d Lender � '
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<br /> � j' � �� :nny a��eke prnof of lc�ss if;not inade pronxptl5 liy� F3orra�ti�ea•.�� � _, � � � ' � r � , �',' '> �
<br /> � � � ; L�'nless Len�er a�d Borro�ver othartivise �.�e.c in tivriting,� izisurance �arocerd�. shail �b+e ��plied to restorntion Qr. ' , �;
<br /> x , � repair of tlxe Prop�rGy damaged, liro�-ided `siec.h restora.tion or s•�:E�uir 'is econoinieally i�asi6le a.nd t,he security �ot : � �+�
<br /> �'� +j- this l"lottgage is not �l�ereby impairet3. I4 5ucia restor:sEion nr rc}aair is iiot econoinicaihr teasibie ar i£ the securi£y. � ` ' ` ` �
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<br /> ` ' _ . of �iais �1Sort e w�ttdd he,iai a�r,ed t��e i�xsurance iroceeds sl«21 I>e a liec3 to:tE�e suiiis .eeured t� ltis :�3ortgage, � "` '
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<br /> , � � with E�e :excess, iF-anv, paia La Borro��er. If the Yrot�erty is �Ga.nclonr.il i�v Borr�c��er ur i.� 13orro�er fAils £o resFond `' = t .
<br /> -� � , , to Loradez wit�hin .30.days after notice �y I.eiider ta I3arm�t�er'ttiut tf�n :iusurnnce carrier offers .to settle a �laim far ` � fi
<br /> 5s �` inauru.nce heno�it.s, I,�endetis aiethori��ed to aoflect-nnci appl�. t €�c inanrsnce ,praceeas �.i� Lende:r's option either tn ; . � ` �
<br /> ;k�et� restoration or.repuir, of tlte P`ropertv ar ta tli� sutns secvred l�y- t!�is ,llor�g�ge. - : , � �
<br /> ti ,� L�'nlesa Lend�r amid I3orro�ver oth+er�visc agree in �vriting, sny such applicnEion of proceeds to princapul ahatl n ; „
<br />�,� not extend os postpoue the due date o£ the wonthly tnsta�liments refen�ed to in p;sragrnpt�s 1 nnd 2 hereof 'ar change ; �
<br />�� ,� - the atr.�ount of such in.stallments. ' �,
<br />�2�;� � I£ under par�gra�pl� lf� hereof tt�e Property is ncqczired by Lendei•„ r�.11 right, title a�d �nterest of Boairower in ' � ^ :
<br /> y 'E� , and f,o nny irasurance palicies and izi s.ncl to:t►ne grnceec�s tl�ereaf (to tlie extent: oi tlze sc�ms secured . by ti�sis 1�4ort- � +
<br /> ` N3. gage i3nmed`z�tel� px�m• to: sucl� sale orscc�ui�itian} r�sulting �rom ' iia:raage io fi-Iae l'ro�elfi�y prior to t}xe sale .or ' '
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<br /> ' ` � �equisition shail pass to Lender. ^ , , °
<br /> `�a��� 6_ Preservatioa cnd Mmi.ntenmzc� af Property: Lecseholds: Gendaaiiniums. Burrawer shn1l keep the Prop- f � �,
<br /> " ` : erty in gopd seq�sir itril ;ehall 7oL peri�it or cisrnmiG }v�,ste, impsirment, c3r deteriore�tioii r�f the Propert�• �nd shal2 � :. . A�<'
<br /> � cotnply'with tl�e pro�-�sions oi any lease, iC this 9iori�age is an a l�aseha3d. If t.his 1Tprt�uge is -on n conciominivaix ' '
<br />�€ ��9 unit, $ormrver 5ha11 perform s�tl of Iicarrowea�'s obligaticros under kl�e declai:ntioa of condomiuium or nxaster deed ,
<br />�`t thA by-lawe snd regu.3atious oi ti�e condominiuru proj ect :tnd coristituent documents. ' '
<br />�`� A� 7� Pzotection:of �.eader's Securit�y. If i3orro�ver f�ils to �erform z.}se covenxnts and ugteunents coa#ained in
<br />� w ; this l"tortgage, .or if tr.�y action or nroeweding is coiuinerscrd wfiich mctteri:illy affects I.ezicler's int�rest in :Gho ]?rop-
<br />,�`� ' . erty, inciudirsg, tauE� rfot limited to,;et�inent douY:�in;, irssol ��c,ney, code- entorce�rient, �i• �rr;�ii�eznents or proceed-
<br />�� ' � ' ings invo3ving a k�anicru�it or decedent , the;i Tlender at 3.endcr"s option , npon �io#ive to F3ono�v�r, rtisy snske sueia ` ' '
<br />`"y`a � +f appearances, r9isbtxrse sncli sums s�nd �take sucli aatiori as i,s ueeess�iry tca ��rotec� T,ende�'s interest, includin�� t�ut
<br /> �^u�� * :not limited ta, disbur�,ement oi reasoaiabie:attornev's iees anc3 entry� ui�on Ehe Yraperty to rs�ake repsirs. .�ny
<br /> a' t; �� �tmeucatssyiisburse�i b� Lender pursuanx Lo this ��aragra�l� 7, ���iEi� in4.erest Claereon , shr�}l �aeconi� �ddiLional. indebL-
<br /> f t i �dness of= l3ormw�r seaured by tiii� illort��;age. �.Tnieas Boreower and:i.etac� er ag1•ee Lo otlaer ternzs uf pa,yn�ent, sucia � '
<br />¢ . :+ amaur��ts :shall be 'paysble upbn zaotice irom L�nder to 33orrnwer rcquesciz�g pa�nnent-tlie=eof, at�d sfiall basr inter-
<br /> iz �.
<br />+a , :5 eat fraan' the date :of ctlebursemenG at t�e rate sLater! in ihe �\Tote i�nlees pa�ymenL of inte�est uC such rate .�ould 1se
<br /> , , ��a�.r;,;, t„ ..pY:i:wb�e la�s, :� wi�iclz e;vent such. nmoi�nts sliaii beaa• ins,eresl, at i.he }ii�liest rs.te permissible bv `
<br /> \t #�eretsns ple laut_ .�Toi,llang cpn�amed`in this I�t�ragraplr 7 sl�nll 'r�quire Lendec #u incur t�z�,y ezp�ense uz c3a sny ac� - , ,
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<br /> y .,. r 8, laspeciioa, Lender xns�v ninL-+e or cause to be zan;�ric re:a...�onsl�l� c ntriea u�aan �xn�-i inspectioi�s of t2ac Ymp-
<br /> „ ' 3 erty; �S�'nvideci <tlixf I�ei�iiex� �hall' r�ide llori•qner noti�r t�rior tcr ain1� n�ec-1� ins�irreiom �r ,�erifi�i�ie r�xeonahle cau•:e' ,` , "
<br /> c ,.. -5 . E.lrereforzelsteci to Lex�der's interest in �+the Pro�serty.
<br />' � `�`"� 9. Gond�od�a�tiam, .Tlae roceeds of nnv atvarci c�r cl�im ior dam� s dix�ect or co�se uentaal i�x ccanneetian
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<br /> � , x with aa1y2 conxiezntiatican ar:ob#>?�r takitrg of tlie Yrotaeris�. ar �iiirt tiierecaf . or fcir �cin��ep� nce in = lie�i oi cc*ndemnri:-
<br />��, ;`� tion, aae hdTeb� assigiae�i snd �ali �e �aid to Le��dei•.
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<br />� + � Zr,i tlse evv�nt of s �total taking o£ tt�e Yrojaerty, tlie ��sacecrls ahall i>e ���pli�,� #,o ti�e s+�u�� a«u;ad �x5: tksss 13ort- :
<br /> � ' g�e, ����th the ra:c�d if ru�Y, i�aic� -k.o Sorru�ver_ l�r Uae ���ent qf � ��u:•tiai Lukii3g csf Llic Fhupert�, nxiless Bnrrower , „�. i � :�'"*'�
<br />�` � , and S�ndEr �$er+wise= ngree ias wxiting.,, ti�ere �I;all be a�plied ,twa the suin� securecl b,y t2iia �Ior�g�ge suelx propos- "'��`": t
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<br />& �'4� = L'zan o��eproeeed& t�s is equasi to, that praport��on �iiie� ttie anaaunt of t�e sums securer� by this '�fortgage imme- �'� ` �C'� '�, .
<br /> " ciiat�t rior,� t�ie dacle Q#:#�king wEars to the isir auar�cet ��alc:� of La�e k'ropextt ixnmedaa4ely �rior to t�i� date of k �
<br /> „� �, .. takiu�; witJi �d:+r�nl�alsi�e'.+af:tlxe praceec� �ai� t€� Bnrrutiv�r. � : ' ^ ,, .�� `
<br />�� k�� " ' tf �th+e pro���r k.G al�att���3 !�y �orrowe+- �r 4# ;i€:,�r nntie� J�S� I.err��r <0 13e:^z�awer *!hs' the eocde�::�or effers '
<br />���- • �^LO d137Lii8�tHil � � ` � r :: t �� i .. r .1 �� �. �.� '�..�' . . . . ^�:..';td
<br /> 88�1V€Ai1'CI't7'k"'�'NfS,1f1� YL Gi�l49R7`9C4�"(7Y4t11Ar�!�.'Np� iilaTt'�a*a'a� tatr �i� j2'n2n�vit� �acM1� a rt-� �io2 �:' {�i .y �X� A � . .� -� -
<br />�'�'s'� ' of'&ut��iaey •$.rende3e is aut,b:,nri�c:d �a ua]leaG �nd s�a;�l�v the 'l��occ�c9s �t I.cust�er � o}�tno� eitlaer to rest�oracion or � �'� ` �' ' :
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<br />�� f � rePeaxmf t1aol,''r4P�3' ort�i#�3aesuu�ssrsnqred b3� 61us li�.r.rl�a�e. 'he,
<br />�.v , ; 'Ciciless 7�eudex aud 8orro�ver o�he�'rvise ngree iu writiug, a�F r:uch s�plicat'tax� c+f paaceeds to ,>rinci�ul si�all
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