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<br /> � If uuder paraeraph 18 hereot the Pro��erty is suld or ihe Property is otherwise acquired bv I.ender, Lender �
<br /> cha!! eppiy, no lster tlisu immediately prior W tlie salc of t6e Yro�urLy or its ucyuisition by Lender, atny Funds
<br /> held by I.ee►der st the time oi api�lication as a credit ugainst tl�e suius necured hy this '.�IortgQge.
<br /> 0. A�plfe�ali�s al Ds�Y. Ualess s�licsblc lax• providc� otF�erwise, all p�ymenta received by Lender
<br /> under t�6e Noke and �ngraplis i and 2 hereof ehall I�e ap��lied by Ixnder firRt in paymet�t uf amounte payable to
<br /> I,eeder b� Sorrow'er under parasrapl� 2 13ereof, then to interest payable on tt�c Note anci on Future Advanees, if
<br /> us►q, fwd t�fe� to the prineipsl of the NoGe atnd to tl�e princi>>al of Future Advancee, if any.
<br /> � �. QM�r�Me IiNe. Borro�rer sl�all pry all taxes. aacericirsente and other eharges, fines and impositions attrib-
<br /> ut�#�le to fl�e Fs�opsrty whiak rasy attsin a priority over thie Mortgage, and groua+d rents, if any, at Leader'e
<br /> op�tiep it+ tha m�auer pa+ovided under gaea,ar�►ph 2 hereof or by Borrower making payment, when due, direetly to
<br /> Wte payaa th�ramt. Bom�vrer sl�all pranptly furniel� W t.ender all notioes of amouuts due under thie parsgraph,
<br /> asd in 6he event Bonww�er ehatl make payment directiy, Borrower eliall promptly furni�sh to Lender receipte evi-
<br /> rl dweio� weh psysnests. Borroaer shall praT�ptly disci�aree any lien which has priority aver this Aiortgage ; pro-
<br /> �C' r1N�ad, t�st Sotea�er ahsil nat be requie+ed to diucliarge any such lien so lo�g as Borrower sl�all agree in writing to
<br /> 'E!� f�e p�yma►t ef tA�e obti�ation eecured by such lien in a inanner acceptable to I,ender, or �hall in good faith eoatwt
<br /> Cr'j N/Ch li�n by, or defewd entoreetryent �f sucli lien in , legal proceedinge wl�ich operate to prevent the eratorcement of
<br /> C Wfe 1'tea os� fa�feituae of the Propeky or any �>art t liereof.
<br /> �- S, i�d � Borrower ahall keep tl�e improvernentec uow existing or frereafter erected on the Prop-
<br /> erty insue�ad spitut lore by fire, hazqrds included within the term "extended coverage " , and euch other hazsrde or
<br /> � ` [,eoder tp�y require �nd in such smounts and for sucli t�eriodF as I.ender m�y require : provided , that Lender eh�ll
<br /> h no6 reqxisie thst Lhe amoant of sueh coverage eYcesd tl»c amow�l. of roverage required to ��sy the surne eecured 'by
<br /> thu Mottta{e.
<br /> T6e ineunnce carrier providiag ti�e insurauce shsll be ci�osen by Borrower subject to approval by Lender,
<br /> pmvided, that such approval shall not be unreseonably withheld . All premiume m� insurance }wlicies slisll be paid
<br /> rt Lender's option in the manner provided under paragrapli 2 I�ereot or hy Borrower making payment, when due,
<br /> d�t�eetdr to the insurs�sce carrier.
<br /> In t7�s event my policy ir not renewed on or before ten daye of ita ezpiratioa, the Lender, to protect
<br /> its iater�est, may procure insurance on the improvements, pay the premiums aad such eum ahall bec.rome
<br /> immedisGdy due aud paysble with interest st the rate eet forth in said aote uatil paid and shall be
<br /> recured by thie Mo:tsase. Failure by Borrower to comply inay, at option of Lender, constitute a defauit
<br /> w�der tlw teemr of this Mort�age.
<br /> AFl iasurance policier and renewsls thereof ei�nll be in forn� uccepcuble to I.ender and shall include a stsndard
<br /> �nort�e clause in favor of and in fonn acceptable to Lender. Lender shall liave the right to hold the }wlicies and
<br /> roee�vaL theteof, aad Borrower al�sll {�rocnptly furnish to Lender sll renewal notices and all receipts of psid pre-
<br /> miums. Ia tlse event of lorr, Borrower shalt give prompt notice to the ineurac�ee carrier snd I,ender, and Leader
<br /> ro�� �ake prcwf of l�r if aot uaade prompt�y �y Borrower.
<br /> (TntaM La�der and $orrower otherwise agree in writing, in�ursnce proceeds shall be applied to restoratioo or
<br /> nep�ir of the Pt+operty damapd , provided sucti restorstion or repair is econoaiically fer�ible and the security of
<br /> h�is Moetp`e is not t4ereby impaired. lf such restoration w� repair in not econumically feasible or if the security
<br /> ot f�w Ysort�e would be impsired , ttie in�urance �+roceeds shall tx applied to the aums recured by thu Mort�e,
<br /> w*i6h t6e eutoew, if �ny, paid to Borrower. lf the Yroj�eny is akssndoued 6y Borrower or if Borrawer faila to respoad
<br /> � fs I.endes withia 3U days after notice by Lender to Borrower tliat the insurance canier o8'ere to aetWe s clsim for
<br /> ; ip�reaeee bayefita, I.ender is aut6orised to colleet and apply the inaurance proceeds ut I.ender's option either to
<br /> " n�Eaeatden or reQsir of the Property or to the sume secured by tliis \fortQage .
<br /> jja�w Lender aad Borro�ver otherwise agree in writing, any euch applieation of procc�eds to prineipal �a!!
<br /> se� Ntbed or part;fooe fhe dwe dste of ti�e inontUly in�t,sllments referred to in parngrapha 1 and 2 hereof or ohan�e
<br /> ti� a��t of ��eh is�tallwentr.
<br /> It uedes p�ra�nph 18 t�ereof t,he Yroperty is soquired by Lender, all ri�ht, title and intes�est af Borrow�er in
<br /> �o�ti to asy ipettts�oe pa�lioies and in and to tlie praceeda thereof l to the eztent. ot the sums cecured 6y thie Mort-
<br /> p�e imm�diiattelq prfot to euch ssle or acquisition ) resultin� troni damage to the Property prior to the sale or
<br /> aequiatiea ahsll pass to Lender.
<br /> t llw��eAiaa ai �ii�l�e�o� eE lro�wty: I.wMhe�d�: Ceademieiuma. Borrower shall keep the Prop-
<br /> eety in Eood repair and shal! not pertnit or commit waete, impainnent , or deterioration of the Property and shall
<br /> o�omply with tbe provieiona of any lease, if this \fortgsge is oi� s leasehold. If this �lortgsge iez on a condomiaium
<br /> ueit, Heeett>tver elfall perfonn all ot Borro+ver'e obligationa under the declaration of condominium or master deed ,
<br /> t�e 4y-L+�ve aad re;ulationc of the condominium project and c•a�stituent documents.
<br /> f7. !�elieia et L�d�r's �eueitY. If Borrower fails to F�erfo��n the covenanks and agreeuien4e contained in
<br /> this Dvioetsa�e, ot if any action or proceeding ie connnenced which materially aSects Lender's interest in the Prop-
<br /> eet�r, ipcludins, but ewt limited to, ewinent donisin, inwl��ency , caie rnPorceinent , or xrrangemeats or prooeed-
<br /> iap invotvis� a bankru{>t or deeedent, then Lender at I.ender'� option , u{wn notice to Borrower, nisy make such
<br /> apprtanees, diFburee auch cums and take such action as i� necessary tu protect Lender'e inLereat, including, but
<br /> aet limibed La, di�bue�emeat of rorroasble attorney's fees and entry upon the Property to make n�air�. Any
<br /> asouets di�bu»ed by lender pursusnt to thie {wra�raph 7, with intere�t thee�eo�, ehsll beoome addikional indabtc
<br /> � a[ Boerower ieoured by t�is !14a�etp�e. Ueless Born�wer and Lender asree w ather termc of �y�at, weh
<br /> amewb �Mli 6e p��able upea notiae from Gender to Borrc+wer requeetierg payn+ent thereof, snd shall bear ie�ter-
<br /> a� teom t4e dat� of disbu�rea�eat �t the rate stated in the NoLe unleer psyment of interast at sueh nte wauld be
<br /> _ eodr�r�r �!o appliesble ls�v, ia �hieh eveet such amaunts ehall besr intereat st the hig3�est rate permiseibie by
<br /> applia�b{e la�v. Nothing contsinecl in this paragraph 7 shnll mquire Lender to incur sny expenee or do any sct
<br /> � L�ewl�d�r.
<br /> �. �e�tlee. l .ender may- meke or �au�e to 1� ms�10 res�onshl� �ntrirs npon en�i insrectionf of the Prop-
<br /> �, p�s*ided tiwk Leeder el�sl'1 �ive �3orrow�tr ncxirr ��ria• to any surh ine�uetian w�iecifying ns++onable cauee
<br /> 1iwMet� e�WbM 1� isder'� �� ie tl�e Property.
<br /> L �r. The preeeed� of sny award er olaim tor damages, die�ect or conaequentisl, in oonneetion
<br /> t� a� eo�ere�t�ias er e�er tal�ie� oE t6e Pre�+erty . or ��aR Niere�rf. or for convevanoe in lieu of condemna- e
<br /> � ` fi�. Yr 11�e�4y Mw�wed a�A ttiait be psid W I.ender.
<br /> Is �is evest oi a to�f11 t�lcin� of tlre Property, the ��rocsede clull I�e applied to the surns secured by tiiis Mort- �, ` "��
<br /> � riti t6s e�eeers. i[ apy, yaid to B�es. Io tbe evept of a yartisl takiag of the Pro}�ertY , unlew Borroaer ;,
<br /> , ��Yl�il� aMlwie�rM� �e � �ifae�, tlNer �ali be appiieel to the wwu eecured by this Mortgsge such p�opor- � . _ �
<br /> � MII� rt tlr� �6 as i� elpMi Lo ti�a�t �eetian ohiet� the amouat uf t1u ewue eecured by this `�fcsztgage imme- z
<br /> j AiW� �nli�t b tYe date ui #akiqs bres Gs t1�e Eair Neark+et vah�e af tlie Pro}ierty irnmedistely prior W the date of `
<br /> ' ts►�„ s�tt�lal+adsaos a�i Lhe psoc,oeds paid to Eorros�er. '
<br /> �, � ffiR �kp� f,f �i'a�a�d b� �OrrrDrer oz if a!`Eer neiicc by Lendcr to Borron•er that the con demaor olfers p "'
<br /> M � #MIt�M�fMNi 01r r�MlM s aMiil� ier dr�s, llr�a�an►er taile ce ro�po�ed W i.ender w it6ia 30 dsye of tt►e date n ��
<br /> ' �+11Mi1�. , �iMnis is a�t�reilad 1lr eaM�e�eR Md ap�i� the ��eec� at I.ender's option eitlier to restorrtioe or
<br /> w��le��ka�r�/� �e M Mr aha rw�w� if H�is ]irrt�e.
<br /> ' LAI11M�1 i�sJ� wi Bre*wilr alEralN1� �se ia weiEia�. a� �6 appiieataon of prooeed� to principal �hall
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