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<br /> 1�'�llL]l'�L'P 17"1T3(7,C$}?�7 ' .1� �'lCCeQ1::� S �1C t�CO(?Cf'l• i� :�i]�EY OT 1 �9c f�1")i FT�.FC\ 1S, U1:IkE �1t 1�r' :?Cill1 �1't,xl ��4 1 t litll:S Z v'IltjGS
<br /> sh;nll ��piy, s�a ister ti;nn iuixriettxacei�� ;ariar �t.n tt�c s1it. ui al�e I'rna>crtc ur ii. ai,yti6;idtaai ax-,- ,' .� n�i�, : : nm �'L:n�is
<br /> � � � 1_alri �ie� �.F nnrin� .si r�h'� .�fi �1xr Ge nnr.,7i ne n v h �. d _ �� *' .. ..,� � . . 3� . .� cy�a .. � " . . .
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<br /> 3. }tpP[icection c# Fay�xeats; L s�less :ip�)irai�ic 3au^ }�roti�ir,c. c,a3�er��-i:e . :ill a�r�Wxaxenit.� re.ceSti-��r# lai• Le�der
<br /> uur7e�. fhe �ot� :ind 77aragra��lts d 2nci "2 i�ei'euY .1i�.3i Iav ;�����1ie�j �i�� t.<•ixe,i r fi�.�t, an ��ca��ei7eni ai :i:i�uttnt,s C>:cy;�,bie ta
<br /> , . i�aader Iztir 13orrozver tan�ies gaar;�gr�xpla :.� iaev*eof. it:en i� aniere�c �3.ica�.a:e c�:i t:iiR \nt�: ;sn�i os; �ucuxr .3citi .�ne:rs; ii
<br /> x�xiy> mitt3 ttnen ao ;zl�e }arsxiai�al of . c:hc \Tc�#e ansi tco tiae �ari:cici��caT ot I'i:iture :�dx:�ss�c�.., ii an�=:
<br /> 4_ .:�es::L'aen3. 33orroher sl�ald �iay :x3I Caxes, �se:ssrnen±s :s:a3cl �tl�er ch.nr�c,,. fines :a,ia<i iiupns;itions si;iritx-
<br /> ;; iztabis to Lhe..Fro�aerr.y Ka��:c?n szxay ntt.�nea :� �r's�riGv ec•er tizis \1ni�g:a�c; :ar��i �cvun�i reaits: �f :� ny; �t, I.i:r_ders -
<br /> ( v��xtioAa a�i siie na�aner ��r+�uitic-cs u.�izer ;�sr3grxg�ie 2 iierc.ui. cir i�i u��t-c�tic�er a�iui�it�� pag=u:enc., 1i•'tt+en cjus, eiirezclr ta �
<br /> � t�e pr�}*ee therea#. Iiaxra�er• sir�31 prarn�tix- furTtisia to F.ea:cier nli iitatices r�f �cuou .ite i�ur, �iiai3er i33is paragrrs;atr,
<br /> ` ' ' �n+d.in t:�ta everst :�3ormw•;er sh�ll t1aa�:r. pnvnyent s�ire:cLl1, .t3arro»•�y :}i�ll �aronapt,]p 3ursxislt io i:etnder r� eei��t� eti+'c_
<br /> r, . a�eaqcin� ;su�ia �z�grtuetats_ Btirmaverah�i3 ;iruiuiatl}^ di,c3:ar�e; anr 3ie�s u-hiclg �tas g?ric�ric�^ o��er z,hi� 14c�art,�ag+e; . I3m-
<br /> � . 'vir3ed, tliat �34rtawer sht3:13i uot �c nequired <t�a discharge An�- ;ixnc}� iSe�i so luea� :�� i;e+rro;�a�r �iia11 ;�ci•ee an Yrrit.in�;-to
<br /> � t.he pagment oi ��ie o�iiga�ioia secusec� kiv �u{ila 3icn ip� a ;i�anzier eicc�ept,�iale 'to ]..� n<ier, nr si�ali ii� �noci fx�iah cc+n 't.���
<br /> t; : ,,;:9 . su�� iien: ty�, ar e3er�tsd ezxinre�snen� ui s:ic3z iieai ici; ieg�1 ��raeee.�3iz�g; ��•IiicYi aF�er.ttc: to na�e.ceaat: �7�e en#„�cvraeni, ef
<br /> .•" ;. . � � . ::�3 �1t..9�:.4T i{'i?iEiiiia'c va iii8 i rU}7CTGS� OT rill�": iJII.Tt S�7CCE�C1�:�. � . � . . . � . . � : � . . . � .
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<br /> { ; �"`i S. Hc:zurd Insuraace: Bnrrotirar slzsii k���� t.l2e i�zai�ruvcizaenis noic c�isiiea�; pr 3�emsfter erer,ied un t,he Prop-
<br /> � erty instara:d again.t loss Ei;= fire, l�zzards incincied �rsiliin t:3ie ternz "ea�t�i3deei cavars�e"; axici svcti +iL3ier liazsrds as
<br /> ."" � Lenda:r ins�v require �nd i.si such azYDouuts i�nci �or sucii arer3uu, �.a i.en�er a2�ay rec�nire : ;lru�-ir�ecl ; tliat 1.�nder zhall
<br /> noi� .rec�uis� �#3a{� tize: ainucaaiL c�f au�fi co�°crage eac�ec� il..}t ;�inount of cca�-ersge reynire=d io }�a�' tl-.e sunis secured 'by
<br /> , � v,his ��orGgag�. �
<br /> 'The snsursmce ca.rrier j�roric3ing tl � irsur�uce sliait iae: cr��en 1�� 13arro�+-rr >ura��et io ��aprowat ka�� Lendrs;
<br /> �,rouidecl� th:�t sXxcli v �}�rc�iai ,l,�li ;�ot 13e ui»ason��l� i+r,*+:�e, �. �tt rz�e:�ut�as c. � t::ss�i ce l�;ic es . ?�sli Lc u�i�
<br /> aL Lea:der's optipn S�i tlse mnnner }>roi�i�.eri under psra�r�p3� 2 iaereot" or i3y Borrotiwc.r znal.�n� }�a� anenL, iG•}ien due, �
<br /> . � ..i_+�.Chi�...:4n �i:�n inc�wrn�n�a� ,.�, r:.e... . � . . . . � � . . � � . . . . � .
<br /> ` In Ehe event i�ng policy is not ren�wed on ar before t_en d�vs of i�.s expiration; the i:ender, to prote.�ct
<br /> its interest, mav pracure insurance on the unprovem�nts, pa�� ihe premiuxns ant3 such sum shall loecoane
<br /> F ; zmmediately due and payehle with int,erest nt ihe rste set forth in said note untii paid and sM�21 be
<br /> , : seeured by this A'Ior#gage. . Faiture }�,y Borrawer to comply nza,y, at aption o# I.ender, cunstitute n default '
<br /> r : ; uader fhe f�rrns of this .�+,�lortgage:
<br /> .�ll in�urance ��olieies and renet;als tlietz;ai :slrail k�� it� fonia sece��tat�le tr� I.cnc?er and sh� lt incluiie x standarcl
<br /> s' �uextgt�ge rlause in facor �i snd in ioran acce�a�a6t� t� I�nnder. Lendrr stnald taave ihe ri�*hi to i��id ih� pca{iciew aind
<br /> i , reu�wals. f.ficrenf; 3nc3 $orrower sha.11 proanpt3y fairnisiz io I.ender alI �4newr�l r.�tiees uc,d a21 recei�+ts of pairi �re-
<br /> u�iums. In i:he eveiit of 2oss, $urso�rer s1�a11 gi1�e f�ranzg�c aiatice t:o c't�e insurnnce csrriea :and Lencier, and Le:i�ier
<br /> u ,
<br /> �' ` �nay xnaka prooi of ioss i2 nnc ansx3e y�roznint:i�- uc E3orro���er.
<br /> ITnless Lender and :�ormwer �tlienvise agree in �vriring, iaarura�nre F?*�cee,?�. shadi t,e ��rF3?ec; !� :�f;::t:�n cr
<br /> repair of the Pmpesty= dstnag�.�d, �3ro��icied =uc�i restor�tion or re.psir i. ecooxomicnliy ie�sibie and the se�;uriiy n!
<br /> � this �lSor�ge is �oL s•liereby imnsired. £t suc}i resior:ztioii or repsir is ��at- e�anornices2l�- fessiGle or if �he sc:curity
<br /> � � of this liorLgage �4ou2d 1sz inxpsirad, the ins�srance p>roceeds s3�aYt i>e a�y�li�i iti tlic suins secureci Uy ttais �tiortgag�,
<br /> " ; with the exeass; if nxjy, paid to Borruwer: Ii ihe Yro}>eri;;+ is aE�axiuuned b�� Boi•ruFeer or i3 13orroc��zr #ui.is ta .^espond
<br /> to i,euder aviihin 30 �s,ys siter ��catice i�p Leu3er to Bormtir•cr tls�i the insua3nce csrrier oti'ers to seLtle a cluirn far
<br /> instirance benafits, Le.n�ier i; ;�uthorizeci to <;ui3eci, snd app'ty^ tl�e insurauce proccec;s ai, i.eucier's nptaan ei�her Lo
<br /> restomtion or repair oi ih,e I?roperty or to the ;um� secasreci by tliis \ fortgugc.
<br /> . . . t: _ _ t ' � • 3 .� • 1 i �_ 9f
<br /> �� �II]CSS .�C1it��C .S1I1d �BOTI6N+2i' OLhCi'tR�15� :1giC� Iil 1F'I'iC.iIl�,. ait�� �ui.ii ajrF:rii�u�i�1i Oi ji30�c8ua : iG �'icxalci�8i suxi� � � �
<br /> not extend or pastpone the due date of the monLlilv i�istsilinents reierre<i io in paragra�hs 1 and '2 hereof os chsn�e �
<br /> Lhe amount ai sucls instalimants.
<br /> , ° If under psrsgr�ph iS hereof Ehe l'roperty is aequired 'oy Leiider. s�l! raglit, iitle and interest of Borroccer in
<br />�^ ast+d Lo aav 3n�urance puiaeies and in �nri to iize procec�ris ciiereos rco tiis extent ol thc sums secured bv thir :1SorE-
<br /> gage imnnediatel�- }�rinr xo such saie or ucquisiiion i resulting from daniaga tu Lhc Yrupert�= prior to idie s�le or
<br /> acauiaiticYn shall, �as:, fu Lender.
<br /> 6. Preservatian amd F�^l�ntencmce cf Property: Leaseholds: Coadomiaiums. Burrower shull kee�� Lhe Pro�x-
<br /> � . �rt,v ;r. g�asi repss:.- ar,d s.�1, not �zr�it, ar eo�mii. ?��ast.e; iinnainnent , or cieierioratian ni the I'rapez-ty snd shail
<br /> campiy w-ith z3ie }�rocisions oi an�• lease; if ihis �larig3�e is o�� s leaselsaici. If 'this \iorigage is on :� c.a�sdvminium
<br /> , ' unit, $orrnwer shaii perioa-m s11 of Borrolver's oblagaiians uiider tiie deciar.�tion oi condominiuen or xnast.er rieed,
<br /> � ; uhe by Jaw*s and regulatioxk, of ihe conaoasinium >>raject ancl cunscituecit, uocuments.
<br /> 7. Prcteetion of Lettder's Secuzity. Ii Borron•er faiSs to periorm the covenan'ts snc3 .xgreements contained in
<br /> � ' t,his �SoTtgsge, ot if aAy a�t,ian or �irooee�iing i� conzmence.d �chich ruaterisilti st�'ectG Lencier's interest in the Prop-
<br /> � . ; ext�y, ineFuding, taut not limited co, eininent doni�in , insol��enc�>, code enfe�rceine�ic, ar :�rrau�en�ents or prQc4Yed,
<br /> ings invalving a 3��nkrupi os deced�ni, then Lender s�t T<en�er's opt-inn, upon notice tn Rorro�ver, may rnake sucti
<br /> agpearances, disbuase suc.3i sums and t.r�ke suc2i actian as i:s necessary to protecx. T.ender": intrxrest, ixzclu3inA, bui,
<br /> not limif,ed to, �iisbursement of reasonabie uLzamey's tces snci entr�- vpon the �aroperL`� t:o n3ake repairs. Aiay
<br /> , E amouats disUursed by Lender, pursuant to ihis para�sa�af: i , o•itli interesc �nerefln, shsil necome additionai indebt-
<br /> etiness of Borrawer secured bv this ltortgage. L�nless i3orrotver � ud I.en<ier 3grec� to otdier tern:s oi payment, suciz
<br /> amounts shall �Se payst�le upon natice from Lender io Borrawer mquestiug psytneat thereo£, snd sh�lt bear inter-
<br /> e�k irom the date at dis�uxsement at ihe rate siateci in t,he ?voi.e iin3ess p�syment. ef intemst iii suol� r3te �auld be
<br /> cpntzsry to .applicable lAw� , in ivhich ewent suc}� nsno�ints s}ial2 k�eni• iniereri at the highest rate perauissible b��
<br /> ; npglieable lnw. \Fotl�ing caat�ineci in K}�is psragra�ta 7 �hail requin> Lesider to incur �ny� ex�ea�ae or do sny act
<br /> :. � heseunder.
<br /> " ' ? 8. inapectiaa. 1_encier mati �nske vr cause to Fse m:siie reasur�able eni.ries upon sn�i inspeciions of the Prop-
<br /> ertq, proa-ided ihat Lender s4ia11 give Borro�ee�• t�o[ice l�i•ior to auay sueki in�peciio:i e�7ecifving re�5onut�Te esuse
<br /> ihesefor reiated f.a Lender`s intEre�# in ihe. Proper�y.
<br /> . , y 9. Candeauxatica. 'S'he Froeeeci� rrf �n}' a�vsrc? or e!ain2 Ic*r <?::nza�es , e�i�^ect o: r.o:xsee�uentisi, i^ canr.ection
<br /> � :i'ii,�alfi23}' +:u13.�r'11sT.1&t.tiSla 3i;. tlL�li:1• i.s'aCit1�T, �.J1:. iiLC �tuEDCl7L4 , UP 1eNx�t . iiteYeul , ul' iUr cVUVZVkLt1Ce� � itt . ii8u OS. COTauv'f71IIH- . . .
<br /> �iun, sre h.ereb;r �ssi�ned.�ad shr3.li l�e paid to .L�ndex�_
<br /> Tn:the evanL ot a cot;al taking a# the k?roperty, t};e :�a.raec>ecis, sh�it 3>e ap�3ieri io the suins seeured }�a� this Vtort-
<br /> : gngs, tisith Lhe exce�s. if anY, �a:d io Borraxfer. T �i tl;e Nvenr ai ;� psrtiul i,akiug oi tlxe Yro;�eriy , unie�n Bc�rmwer ,�••� i , m , .�,�
<br /> ; " isnd Lend�s nthcr,ti�rise agrt� in �n�r.Litt�, ia�ara� s�aalt iie aPPlieti ic� ,t l�e swus aerured by tlii�; \loi�fgage cuch �araptrr- =� . - . � .�,;`..
<br /> � � Giosa o# the praeee�ds t�s is �}ual t•a #hnt }�mportion whicli tine umQunt ai the auttis secureci be +his �iart�age imme- " � ",m
<br /> diabely pxior,tn the daie oi taking 2�cate ta che iair ,zn�rket value o£ t3ae Pr��erty itnznedistelt prior to the daiE of �a� ,
<br /> � iakiug, �vi.th t}eee badance o# tha prc�ceeds paid ta Borrower. °a ,�_
<br /> Ii'.�t� Prop�t�£y .is $bsudone@ l�y Bazrawer or if: :�iter naxiae b� Lender to l3orrov�ver tliat t�he condemnas offers ��` ,
<br /> ta m a k e axz aiwsr�ci or se£tPe a clsiau ior dsniages,.Borrowes fails to i7es�xo�ad tv i:eucier �vithin 30 days oi t3a�e date
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<br /> ; , , nf svdx naiaoe. Lexufer is zautlroriaed tn ra�iect ��sc: a��.�.� tiiir .}5roceed� a% i.,e�lder'� �pciau rii}3er t:o r�i.orat,icui �r
<br />� - R re�assr r�i iize t�re�}nercv or ca the st�rns securect by tlus �iorr�age:
<br />� Zi+iTr�a Z,euoier rsLui i'surrowei• atiiezivise s�ree xn ,�vxsting, any sucn applaosiaran oi groceeds ta }�ri:3cig�31 stiall
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