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<br /> If under paraeraph 18 hereof the Yroperty is sold or the Property is otherwiee acquired by t.ender, Lender
<br /> shall app3y, m latartlian immedisteiy prior to du �;ale of the Pro�nert,y or itb acyuiaition by I.ender, any Fuads
<br /> held bq L.ender at the Gime of ap�>licstion ac a credit against the swns necured by this :�fortgage.
<br /> �, ll�iomdop od Payepwfa. Unless apf�lieablc lav�� ��rnvicies otherwise, all paymeats received by I.ender ,j
<br /> undes Rlae I�tots awi para�rapiw 1 and 2 heseaf slwlt Ire sp>>lied !�y L�endes firet in payment of a[tiou�Ls paya6le to
<br /> I.�er by B�aA��^awer u�+d�er ��asa�grnpi� 2 heneof, tiaeu to it�terest �y�yabie on tlie ?+Iote and or� FuLure Advanoes, if "
<br /> erqy, amd Lheo to t6o pria�Eipal of the Note and to 6he princsirsl of Future Advances, if aay, �&
<br /> aiE
<br /> S, (�Mt7,i�fIM. HorroYar a6all pry r!i tsues, assessn�ents e.nd oti►er chsrger, fin�s snd ieaporitiooa gEtrib-
<br /> ul�pbi� Eo tl�s F"roperty �rfiicJt may aCtain n priority over ti�is �Iortgage, and gnound re�te. if any , at I,�sader'r � �`'
<br /> s�3�
<br /> q�iaa ia the mapaas �ruvidetl uacler ��ars�aph 2 heeapf or by Sorrower msking paymeat, when d►�e, diretstly to �,ry�
<br /> t�he pwy�as �ot. Borro�ver rhal! pt+oanptly furnish tc� I.ender sll noticee of amounts due under tl�ie para�r�ph , ',�
<br /> aod i� the eveqt Borrowes afisll ixialce psymest directly, Borrou•er shall promptly furniah to I.,ender e�eceipta ewi- `
<br /> � pmh paymenta. Bormwrer rhsll pr�{>tly dirct�arge any lie�a which hse priority �ver tbis Diortgt►;e ; pro- "��
<br /> vidad, that Bortqwe� rhali aot be required to dischnrRe any e�ucl� lien so ltuig ax Borroaver ahait agree in w�ritias W k "
<br /> the payfnm� of the obli�stipu eeaured by suclt lien in ii insnner aoeeptable to Lender, or ehalt in good f�ith eonted �
<br /> wph liee by, or detmd enforceiuent of cuch lien in, 1ega1 ��rooeedingez which o{�erate to prevent the eaiorc�t of � ;�;
<br /> tlYe lien or forfeiture of tiae Preperty or any ��a.rt tl�ereof.
<br /> 5. limaed Lfaumc�. Basrower shall keep the iinprovement�c now exist.ing or hereafter erectecl on the Peop-
<br /> � erty iasured s�net laes by &re, hasarda ineluded wiLhin the tertn "eutended coverage", and such other hrsweds w
<br /> � I,end�t may requite and in euch amounts and far eucl� periodd as I.ender �nay require ; provided, tlaat Lender t6sil
<br /> C,p not rsquire t6at the amount uf sach coverage ezceed that sinouut of coverage required to pay the eumr eoactt+sd 'by
<br /> Q tbis A[nrt�sRle.
<br /> Q The iususaace carrier providing tl�e insurence shall be chosen by Borrower subject to appruval by I.ender ;
<br /> � p[ovided, tha4 wch approvsl shall not be unreaeonably withheld. All premiume on inaurence Ewlieies xhall be paid
<br /> ; t� at I.ettder's option in the manner �rovided under paragrapli 2 hereof or by Borrower making payment, whee due,
<br /> � � diraotiy tp the insurance csrriar.
<br /> In twe sv�►t aay policy is not reoewRed oa or betoee tea day� of ite expintioa. the Leeder� to Pa�oreet
<br /> its i�aterewt, txfsy procuee ineuea� on tlfe improvemente, paY the premiuma and auch euen ehsU beoome
<br /> im;me�diately due and payable with interest at the rate eet forth in eaid aote uati! paid aed ehall be
<br /> f recused by thia Mort�e. P'silura by Bosrower to comply may, at optioe ot Len�er, oonstitute s defiult
<br /> uade�e the taetas of thia Mostge►�e.
<br /> Ail ineuraetce poliaiee Qnd renewale thereof ehall be in forn� accc ptable to Ixnder and shall inelude a standard
<br /> ; tnort�ay{e clausm in fsvor of and ia form acceptable to Lender. l�ender ehaU have the right to l�old the policies sad
<br /> renewaL ttleret�t, sttd 8oerower aktall ptomptly fumish to Lender atl renewal noticer and sll nceipte of psid pre-
<br /> miums. In the event of loro, Borrower shall give prompt notice tu the insursnee carrier snd Lender, and I.eoder
<br /> may atalee prnof of lcrr if not made pramptly by Borrower.
<br /> IInkn L.ender aad Botmwer otberwige agree in writing, insurance Nroceeds shsll be spplied to re�kuatio�a or
<br /> repait of Lhe Yenperty dstttaged , provided such restoration or repair is eeonumically feasible and the security of
<br /> ; tLii Drfort,sa�e ir not thereby impsired. If such restorxtion or repair is not econoinically feacible or if the security
<br /> `� o[ tJ�s�t Mort��e would t►e impaired, the inaursnce }>roceeds shall I,e sp��iied to the suxne secumi by thir Mortq�,
<br /> rrib6 t�e �, if sey, paid W Borrower. If the Yroperty is abanJoned by Borrower or if Borrowet^ failo W x�nd
<br /> te I.�ad�e �vit3�in 3Q days after notias by LeAder to Borrower tliat the insuranee carrier offera to eettle e cL►im far
<br /> ; ieweNaos bM►eCitr, Lec►der ir• sut6orised to coileet and apply tl�e insurance proceafc at Lender'e optafn aitlMr Eo
<br /> e�Eeatitioe or nepair of the Property or to the sume aeeured by t6in �Zortgage.
<br /> Uale�r I.ender aad Borrower otherwise agrae in writing, any such application of proceeds to prineipal duil
<br /> � pew aetedd pr portpone the due date of the monthly instslimentat refe:red to in paragraphs 1 and 2 hee�eof or ehae�e
<br /> ;, w .� �t .� �.c.�t�.
<br /> It yader pata;rap6 18 fiareof tk+e Yro�xrty ie roquired by Lender, ali right, title and intereet d Borsor� in
<br /> sea► � any isrur�n,oe po!'seies and in and to she proceede tl�ereuf tto tLe eYtent oi tl�e eauase eecw+ed by thie Mott-
<br /> ;, �,s iY�qNdist�ely prior to suoh sale or acquisition l re��lting frout dauiage to ihe Praperty prior to tM e�le ot
<br /> � aoquiritian r6a11 pa� Lo I.ender.
<br /> ` R le�s�ias m�d lfiney�n eE ptoprly: i�ar6el� C•aadem�inm�. Borrower ehal! lceep the Prop-
<br /> ' est,y ia �ood repair snd ahall not permit or commit waste, impsirment, or deterioration of the ProQerty aad eiu!!
<br /> 1 oompiy with the provisione of any lesse, if this �3ortgsge is o;i s leasehold . If this Mortga�e ie oa s oondaanioaim
<br /> ;f umi;, Bon�oaer s6s1t perform sll of Sorrow�er'e obligatione under t.he declsration of condominium or muter daed,
<br /> p GiN by-lawr� and re�ulations of the oondominiva� project and constitue��t docuuients.
<br /> r 7. Peol�eli�s e! Iwni�r's �wei/Y• If Borro�ver fails W pertorm the coveasnt� sad agreemenfs con4sinad in
<br /> tbi� D�dort,��e, or if sny action or proteeding ie commenced which ivaterixlly affects Lender's intet�est in the Pt+op-
<br /> eet�y, ieelktdiaQ. but aot Limitai to, emiaent domain, �ae-ol��ency , code eafoms��nt, or arra�eeuentati or prooeed-
<br /> ' iep i�+votvi� a benkru}�t or decaient, then Lender at I.ender's option , upon notice to Borrower, xnay tnake such
<br /> '' �p�araaaer, diriwrae sucli sume sad talce such action as ie necessary co protect Lender's intereat, iacludia�, but
<br /> � aet timibed W, d'aM�emeat of eeumable attaney 's tees and entry upon the Pro�rty W roake repaia. Any
<br /> 1 a�aMqb tii�Msered hq I.eader purswnt to this Psra�•ap}� T , wit13 intereet therson, ohsll beoome additic�aal i�de�btc
<br /> ' � edner o4 Boero+rar seeared by this Mott�aje. IInleas Borrower and I.eeder ��e�e W awl�er terme of p�ymeat, rneh
<br /> � skdi be paysble upon notice fron� I.eader to Boriower reque�tiag paya�ent thereot, and shall bwr iater-
<br /> �- arE f�+om the dste of ditbur�ment at tt�e rate stated in t}ae Note ualees payment of inteierk at eue6 rate would 6e
<br /> ,�ontai.ty to aypiiaabae iasv, io rr�ioh eveet sueh amount,. ehslt be.r inLere.c ac ctie h's�e.c r.d,e pe�rsuirible by
<br /> i � lav. Nothiut eoataiaed in ti�ir �+ara�raph 7 chal! require I.ender to incur a�ny expeo�e or do any sct
<br /> � l�w�rdes'.
<br /> � a. J�AiM�, Lmaier w�ly ivalc,e �u� cru.e W Ir+ uuuir rrx.wuaLk� uitri�. u�wn au3 iu�e�wctiuns of the Ptnp-
<br /> � ot1�y pFavid�t! t6at I.em3sr c4ai1 �ive Borrorer noticc l �riar to an�• sucli ineneetion e��ci(yir� reteonsble cavee
<br /> �iiat rtiM�d is G�eder"s � in El�e YeqperEy.
<br /> . .� !, Oa�w�rtlre. 'Tl+,� ptaoeods ot arny svard or ctaim for dama�ar, direct or �equential, ia ecaneetia�n
<br /> t tr�h �; � pt qtdCr t,fyotl� of tl�e Ploperty . or �aatt tliereof, or for �onveysts�e in lieu oi oeodeast+s-
<br /> !M�► llli Mr+�by rr�++ed ildd �iu#t be pwid � I wx+der. ,
<br /> b YMu a�wt vf a t�l tfdti� oi t1Me PM�p��#flr. t�e pt�a�aeedk d�sLt be anplied to the rums eecured by t�is Mott- .
<br /> �II�t. +�rt1�1 � �NMM. af �`� �id. 1s �eww�r. tw I�e erw�t of � p�otal Cdri�i � � p�Y� � �� *�
<br /> M�i �+A�i1e �iM�errils apire ia s�, Nre�ie ia11 ite appt�ed W the wms reeue+e� b7 � ��ia � P�'�'-
<br /> �� .e �. � �. �.� � r� � ..� �.�.� � .� �a � �. .�c�� � ��:�
<br /> � � � � � � � � � � � �� � � � .
<br /> : 'I ' � , . . v i.�...t.�i fi�. �.s�.ir. p.ia t. a.iaa�es. � � .��r
<br /> ` ` r�Mia�ri 5j► B�reM�w er �1' �rr uailion Ly Iw�rirr bu B�a:orer ti+�L i�n �wer eite� �,�,,,+,g, � .
<br /> '� Iw1 � � Me Mil� a tqiilt 1M►r +�I�MIANh �ew�er fsiM b e+e�oad fe I.ender wit6�o 80 dsrr of the date
<br /> if� ` �iMirt' it �S! '�O in0lUbEt N� �1� '11►d pweaeds �t Le�dee'r uptioa either to restorataon or
<br /> �► !�e �r �� c� �s �'� � ��se�.
<br /> "` ; �dr�A �Wrndrlr �d aorlwwr +e1l�irr y�r iw .r.irli�, rq wat apptieawan ot w�aoeai. to priocipat ab.l�
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