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<br /> � If under paragraph 18 hereof the Yroperty is sold or tl�e Property is otherwise acquired by I.ender, Lender '
<br /> shall apply, no later than immedietely prior to tLe sule of t.he Yroperty or its acquisition by Lender, any Funds
<br /> held by Lender at the time of applieation as a credit againrt the swns eecure�i b}• thi� '_�Iorcgage.
<br /> 0, �yp�patlos eiI P�a�a��. Unlees appliesble Iaw provides otherwise , ail payniente received by I.ender
<br /> w�der t�e Net,e amd paat6rapl�s l sad 2 hereof shall lie ap� �lie�i by Ixnder firat in psyment of amounts payeble to
<br /> Lee�der by Borrower undec 1>arsgraph 2 hereof , then to interest ��ayable on the Note and on Future Advancea, if
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<br /> an�, atui then to the prineipsl of the Note and to the principal of Future Advances, if any .
<br /> � �, (ipe�s Ii,Mr. Horrow+er claell psy all tauea, ueaessments and other charges, finea and impositions attrib-
<br /> rytp�do to the Property wbich msy attain a priority over tliis i�fortgage, and grouud rents, if any , at Lepdes's
<br /> t�itfn in the aunner provided under paragraph 2 hereof or by Borrower ma{cin� payment, when due, directly to
<br /> tlle pyyee tharopf. Hoerower eho,ll prom}rtly ft�rnieh to I.ender all notices of amounts due under thia paragraph,
<br /> � apd 'qf the event Borrower shall make payment directly , Borruµ•er shall promptly furnish to Lender receipts evi-
<br /> � dswoip� �yeh psymenLe. Bocrower shall promptly discl�arge any lien which has Priority over thia 3'Iortgage ; pro-
<br /> � rideA, tFut Borrower ahsll not be required to diseLarge any sucl� lien eo long se Borrower sk}all agtee in writiag to
<br /> � the p4yment of the o6li,qation eecured by such lien in u manner seceptable to Lender, or ehall in good faith aoateet
<br /> O weh 1lea by, oa defend en[orcetuent of such lien in , legal proceedings a�l�ich o��erate to prevent the entptcement of
<br /> O the lien or forfeitura of tk+e Property or any psrt thereof.
<br /> S. I�omrd Lrurme�. Borrower shall keep tlie iiuprovementr� now� existin� or hereafter erected oa the Prop-
<br /> � erty iwwred apinet lore by Sre, hazards inetuded within the term "ertended coverege", �nd euch other hsasrds as
<br /> I'� I.md�sr may nequire and in such aniounts and for sucl� periodti ue Lender may require ; provided , that Lender el►�11
<br /> uot npuire tt�at the smount of such aoti�erage exceed that. amount nf coverxge reyuired to pay the �ums seoured 'by
<br /> this Martgsge.
<br /> The insurance carrier providiug tl�e ineuranee ,hall be chosen by Borrower subject to approval by I.ender ;
<br /> provided , that such approval ahall not be unreseonably withhetd. all premiums on ineurance policies shall be paid
<br /> at I,ender's option in the manner provided under paragraph 2 hereof or by Borcower making payment , when due,
<br /> disreWy W the insursace esrrier.
<br /> In the event any pulicy ia not teeewed on or before ten days of ite ezpirntion, the Lender, to protect
<br /> its ufterest, msy peocure inaurance on tbe improvemeate, peY the premiums and such aum shsil beoome
<br /> ima�ediately due aad payable with intee+ast at the rate set forth in said note until paid and ahsll be
<br /> aecueed by thu Mortga�e. Failure by Borrower to comply may, at option of Lender, constitnte a defauit
<br /> under the teema of this Mortgage.
<br /> All iaeurance polioies and renewals thereof �;I�all be in foru� uccepLable to Lender and shall include a etandord
<br /> mart�a�e clauae in favor of and in fonn acceptable w Lender. I,ender shall have the right to Lold the �wlicies and
<br /> resswaJs tberoo(, and Borrower shall promptly fumish to Lender all renewal notices and all receipte �f prid pee-
<br /> �pu�. In tbe event of looe, Borrower ehall give prompt notice to tlze insurance carrier snd L,ender, snd Lender
<br /> may mslce proof of loce ii not made promptly by Borrower.
<br /> Unlen Lender sad Borrower otherwise agree in writing, insurance proceeds shell be applied to reetoration or
<br /> e�ir o( yu propesty dsraaged , provided suct� restoration or repair is economically feasible und the eecurity oi
<br /> t�h� Most�a�e ia not tl�ereby impaired . If such restoration or repair is not economically feasible or if the security
<br /> ot thit Moet�e would be impaired , tlie ineurance }>rceee3s nl�all I>e applied to the suwe secured by thir Marts�e,
<br /> w��fdt the afcoerr, if any, paid to Borrower. If the Yroperty is aban�3oned i�y Borrower or if Borrower fai[a to r�spn�d
<br /> tp I,endu withia 30 dsye after notice by Lender to Borrower thut the insurance carrier offers to settle a olaim for
<br /> iowternee beneSts, I.ender is authorized to collect and apply the ineurance proceeds at Lender's option either to
<br /> re�tention or reQsir of the Pmperty or to the sums secured by this �iortgage.
<br /> Ual� Lender sad Sorrover otherwise a�ree in writing, any sueh applicstion of prooeeds to prinoip�l �hall
<br /> qqf, p�{,�ed ot portpot►e the due date of the ►noathly in�tallanents referred W in paragraphe 1 and 2 hereof or ohanse
<br /> fi� �mt af weh ieytallmeetc.
<br /> If uodes parasraph 18 ktereof the Yroperty ie acquired by Leader, sl! right, title and intet�ert of Bon�ower in
<br /> aed to sey iqrursace polieiee and in and to tt►e proceeds tl�ereof tto tl�e extent of the sum,a secured by Lhis Maet-
<br /> p�e im�riadistely prior to auch sste or acquieitionl resuiting frorn damage to the Property prior to the as3e or
<br /> ae�ion etwll pars to Lender.
<br /> �, � �d Ff�M�o� oI peep�ety; iwaMhelds; Cendaaioiuen�. Borrower nhall kxQ the I'rop-
<br /> eet�y in sood repair and eholl not permit or commit waste , inipainnent, or deterioratioii of the Property and Qhall
<br /> oomply w�ith the provision� of aAy lesae, if this \fortgage is ou a leasehold . If this :�iortgsge is on s aand�nini�un
<br /> uait, $ost�over rhali perform all of Borrower's ubligatione; under the declaration of condominium or marter deed,
<br /> tJae by-L�rs and reguletions ut the condominium project and constituent documents.
<br /> 7, h�Maliaa a! y�sd�r'� S�eurity. It Borrower fails to pertorm the covenants and agreements contsined in
<br /> f�ir Mort�,age, or if any action or proceeding is commenced whicli materislly affects I.enderb interest in the ProQ-
<br /> e�y, ineludis�, but not limited to, eminent domaiu, inaol��ency , code enforrement, or arrangements or prooeed-
<br /> iep involvies s bankrupt or deoe�ent, then Lender at l ,ender'� option , upon notice to Aorrower, may make eueh
<br /> apQear�aoea, d'uburee such sume and tske such action se i� neceseary to protect Lender'e interest, includinQ, but
<br /> not limited W, disbureement of reawnable attorney 's fees and entry upon the Property to make repaire. Aay
<br /> aa� disbur�ed by I�eaier punuant to this paragrapli 7, witl� interest thereon , ehall become additiooal indebtc
<br /> �� ot Boero�ver �ecured by this 'viortgage. Unlera Borrower nnd I.ender agree to other ternu of psyweaL, sueh
<br /> amousts dsal] be psyable upon notice from I.ender to Bortower requesting payment thereof, snd shsil besr inter-
<br /> ert frne t�e dste of disburrement st the rate sstated in the Note unlas payment of intereat at such rsl�e aould be
<br /> eMt:aey Lo applicsbJe 2av, in whieh event such ataounts ehall besr interest at the highest rate peemissibie by
<br /> appiie�le Isw. !Vothing containeci in this paragraph 7 shnll mquire I.ender to incur any expenee or do any sct
<br /> iw�r.
<br /> !. L�Meliop. l.cadtr :ns)• inake or rau�e to be �nndc rPnRonaMo entries upon xn� + napertione of thr Prop-
<br /> es�ty, pror'stbd thst Lender e6si1 �ive Borro�cer notic� �n•ior to any �:uoh in�s�etion Ftieciiping reaeonable eswe
<br /> �ar e�al�fed eo I�eeder's iecawt in che PrcK+erty.
<br /> �, C�Mws�na. 'Tlte pre+eeedc of any award or �Isim for damagts, direct or consequential , in eonneetion
<br /> � wtlt� u�r eo�e�demnataoa oe aFLer taking of the Pro}xrty , or part thereof, or for convepance in lieu of conde�nna- e
<br /> ' t�iw, aw Y+��6y a�sspfed a�d stfal! be paid W Lender.
<br /> ; Ia tlfe earo�et oE a tattl takias of the P�vpertq, the ��roceed� shaU I�e s�plied to the sums eecured by this Mort-
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<br /> ; �R riAlt tie e�aoerc, if aay, {� to 8�rrowu. Ia t.he e�ent of a Nartial takin� of the Property, unleae Borrower " `"� _ �`
<br /> � �IiA �.�R �irM'w�ire af,�"ee ie wt�i� tlfest sltsll be ap�piied W the �w�ne eecut�ed by thi� Murtga�e Buoh P�I�' � e ,;
<br /> 1iM at qM p�seesir is ir a�a1 tu fdu►t prapartioa wfiiah tfie amauAt of the euma secured by this Mortgage imme• 3 ,:.
<br /> � . dlNd�r sAse b f�e $�be oE tsitie� bern to the (air �nsri¢et vslue of tl�e Propert� immediately prior to the dste of
<br /> , i�iK. �ifit L1r Laiara� q[ �Ln {►+r�wed► i+w+d Lo &uroa+er.
<br /> It tbal�y ic abandv�od by So¢mc�tr ar if mfLu noiice by- Lender to Bnrron�er thst tbe condemaor offere °'�
<br /> '� lir 1��bfJls +�ud �e' �Mt� a aMi�a fo[ daarY�M. Haen�s^er 4si�s w rdapond to Lender �vithin 30 dsys of the date ' p.., ° ;.',
<br /> �[ wlti► a111iMy Zabrrrt in a�Ehee�ed bo c�tited p,$ app��r #�e }+t�neeedr at I.ender's option either W reetontion or
<br /> wg�t+i /1n l�wi► �rM tMe �w�r wsrwd b!v W�is a[oet�e.
<br /> � Le�d�lr awd Sors+o�es a46erwi�e a��ee in wriGm�, any weh sppi'seation of pt�+eeeds to principal ek�all
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