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<br /> � If under psrsgnph 18 tiereof the Property is Kuld or the Yroperty is otherwiee ucquired by I.ender, Lender
<br /> ehsli apply, no lster tlwn immedirtely ��rior to the sale of tl�e Pro��e�Ky or itn ucyuuition b,y I.ender. �ny Funde
<br /> held by Lesder st the time o( application as a credit against t6e swus secured by thic Mortgage. '
<br /> 9. �y/liaali�s el l�etYw�e�s. Unteos up(�licablc law� nrovides otherwise, ell paymente received by Lender
<br /> usder the Na1e snd �ratraplie 1 aad 2 hereof ehall 1�e gp��lred by Lender first in payment of amounts payable to
<br /> L.endet by Borro�rer under �sangmpii 2 }�ereof, tl�en to interest �isyable on tl�c Note and on Future Advsnces, if
<br /> aay, sad ttfen to the priesei}ul of the Note and to the principsl of Future Advancee, if any.
<br /> � 1. Ciep�il�. BoerwRar st�ell pay sil Laxes, see�snientx and other ctu►rges, fines and impaeit5oas stLrib-
<br /> ut,�bk W t1�e Pro�ty which si4y attein a priority over t6ie '.1Sortgage, and grouud rents, if any, at Lendn's
<br /> O opfioA in the manaes �rDvided upder pate;ranl� 2 hereof or by Bnrrower inaking Faaytncnt, when due, directly t,o
<br /> � the paywis thare0#. Barrowcr aha11 promptly furuiel� to Lender al! noticee of smounts due under this paragraph,
<br /> � sad in the evait Boerow�er ahall maice paynjent directly, Borrower sl �all promptly iurnieh to I.ender receipLx ev�-
<br /> dwein� weh prymeatt. Borrower shsll nro[u9�tly discharge any lien which has priority over this '.41ott;age ; pro-
<br /> O vidad, tha�t Borm�►er c�hs11 not be required to diseliarge any such lien so long �a $orrower shell agree in writir� tp
<br /> � tbe psymaut of the obli�ation seeured by suc6 lien in u manner �ceeptable to Lender, or ehall in goo�d faith conte�t
<br /> aueh lien bq, er defmd eniorcement of sucl� lien in, leggl pruceedings which operate to prevent the enforcemewt of
<br /> tbe ),i�n os forleitau�e ot the Property or any ��art tliereof.
<br /> ^ S, I�d LAwtr��. Borrower shall kee�� t6e iin��rovemente� now existing or l�ereatter erected on tl�e Fsop-
<br /> h erty iasured a�ainet laps by flre, hasardc inoluded within the term "extended coverage" , aad auch ather hseards su
<br /> I.eed�s m,y require and in such anwunts sud for sucl� ��eriods ur I.ender �nuy require ; }�rovided , that I.ander shall
<br /> � ra�uire Lhst Lhe smount of such coverage exceed tlisc amount of coverage requirecl to psy the eums reeuree� 'by
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<br /> The inaurance carrier providing the insurauee shall be chosen by Borrower eubject to approva! by I.ender,
<br /> peovided , that such approval shall not be unreasonably withheld. All premiums on ineurance policies shall be paid
<br /> st Lender's option in the manner provided under paragraph 2 l�ereo( or by Borrower making pay�nent, when due,
<br /> die��eXdy W the insurnace earrier.
<br /> In the event any policy is not renewed on or before ten daye of its ezpiration, the Lender, to protect
<br /> ita iat�est, may peacure insunnce on the impmvemen#s, pay the premiumx and such sum eh�U beoo�e
<br /> immediatdy d�a a�ci poyable with interest at the rate set forth in esid note until paid and shaU be
<br /> r.cueed by thia Mortsage. Failuee by Borrower to comply may, at option of Lender, c�onstitute a defsult
<br /> uoder tbe teemr of this Mortaage.
<br /> All inourance policieb and renew�ls thereot shall be in fonu acceptable to I.ender and el�all include a standsrd
<br /> nwet;s�e clauce in favor of snJ in forn� acceptuble tu I.ender. I.rnder ehall have the riglrt to Itold th+e {wliciee and
<br /> ew�asb thereof, and Baerower shall promptly furnisli to Lender sll renewal iiotices rsnd ull receipts c�f psid pre-
<br /> mium�. In the event of loca, Borrower �hal! give prompt notice to che insursnce r,arrier and I.ender, snd Leader
<br /> may tna7ce proof of loss ii nut made pmmptly by Borrower.
<br /> Uole�s Lea+der and Borrower otherwise agree in writing, insurxncc, E�roceeds shsll Ue apptie�i to restoratioe� or
<br /> rapair ot the Prope�y datna�ed , provided such restoration or repair is econoiuically feaeible and the xecurity of
<br /> this Aloit�e ie not tl�ereby impaired. If such restorxtion w• repair is not economically feasibte or i{ the seeurity
<br /> � thY M�e would be impaired , tlie insurance ��t^oceeds eha] t Ix r}�plied to tl�e �uws eeeut�ed by this Moet�ase.
<br /> ; rritb 4he e�r, it any , prid to Borrower. If the YropeiKy ie abendoned by Borrower or if Borrower fsile to serpond
<br /> to I.anBes �vitl�ia 30 days after notia by I.ender to Borrower tliat the insurance carrier offera to settle s claim for
<br /> im�tleiaoes bewefits, i.tnder ia sut�ori�ed to collect and apply the insurance proceeds at Let�der's option eitlfee to
<br /> �w�ar�tiee or repair of the Property or to the sums secured by t.his �ioetgage.
<br /> II� Letsdar and $orro�eer otherwise agree in writing, any euch apptiastion of proceeds to priaeip�! s6a11
<br /> ' e06 N�t�d or po�t�oae t6e due dafR+ of the inontLly ine4allenents referre� to in paragrapha 1 and 2 hereof or ab�n`e
<br /> tlr �wnt of weh in�t�lia�entc.
<br /> if uodar Enasaira�ph 18 hereot the Yroperty is r►cquired by Lender, sll riglit, title and intarest of Sorrower in
<br /> r
<br /> as6l to any inwraace policiee and in and to the prooeeda tliereof ( to tl�e extent of the nwns secured by thia biort-
<br /> ��e immndia6ely prior to euch sale or acquisitiunl reewlting fron� dninage lo tlie Property prior to the asle or
<br /> aequi�it�ion s6s11 pars to Leader.
<br /> t lM�re+rM�s �d NaieM�w et i!'ap�elY: I.�elds: Cesde�eieiue�s. Borrower shsll keep the Prop-
<br /> erty ia �od repsir aad ahall not permit or commit waste, impairtnent , or deterioration of the Property and shal!
<br /> eoiply �vith the pmvisiocu of any leare, if thie \lohgsge ie ou a lesseliold . If this 1lortgage is on a condoaainium
<br /> mit, Bartoa�er ehsll periorm all ot Bortower'� obligations under the declaration uf condominium or �naster deed,
<br /> the by-lsaa snd reeulations of the condominium project ar�d conet.itueuc �ocuments.
<br /> 7. �4�eMAiea ot L�edK's SKurity. If Borrower fai1E co ��erform the coveaante and agreements contained in
<br /> titir ?1�oetplte, or if aay actiou or prooeeding is commerued wl�irh �naterially affects I.ender's interest in the Prop-
<br /> drt�, iseludin6, but not limited to, eniinent don�aiu . ineol �•eucy , codr �•nforcen�ent , ur arrr►n�emeuts or proeee�i-
<br /> iey� fnrelvisa s bankruQt or deoedent, then Leflder at 1,ender'+ o�>t ion, u{wn notice to Borrower , msy make aueh
<br /> appreaeee�, disbune suclt sums and tske such action as is neceeeary to protect I.ender'e intereet, including, but
<br /> set limet�ed W, disbu�nsent of re�wmt�le atwrney 's feee and entry u{wn the Property to ma�e reQsirs. Any
<br /> atwuob d'abur�ed by Lemder purcuant to thie parsgraNh 7 , wit{i intereect thereun , ehall becane additional iedebtr
<br /> �el�w ot Saerower reout+ed by this �to�. Ualess Borrower snd I.ender sarce to other teeme of psyment, eue6
<br /> aswe6s t6si1 be pa�sble upon notioe ftom I.ender to Borrower requeeting psyment thereof, snd shall bear inter-
<br /> e�i f�am the drte ot di�burwnent iN. the rate etated in tix Note unie�s psyiaent of interest st such rate vouid be
<br /> aq�ttylr�r ts appliesble l�av, in ar3�iefi eveat auch amounts ahall F�ear interest at the highest rate peemiwibk by
<br /> � a�p�io�bte law . Nathing cor�tained in this ��araQrap6 7 shnll �rquire l.ender to incur any ezpe�ae or do uny sct
<br /> i�wnd�e.
<br /> i. �eliee. I :encler may make or rause to !x ms�ic rcawc:sh:c ��iitrieE upou an.i ins{H,�cti.ws of t}�e PruN-
<br /> eetp, pewride�d thst i.ende.r ahall give Borrower noti�c ��rior to an}• surli inFpeetion s��ecifyinq reseonsble csuse
<br /> �l�ks wMuiMd be I.e�der'r intere�t m the Propert,q.
<br /> _ �. CN�wMrw. The preneeds of any aaard or cfaim for damagea, direct or caaaequential, in �nneot�n
<br /> ' A'i� ay� � aa' etier talcin6 af Yhe Pxy�ertq , ar jisrt Hxnrof, or for conveyance in lieu of ea�demna-
<br /> ! ^ �, a� � �d aad at�ai! be y�id �o I.ea+der. w
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<br /> „ ' Ia tie ewat of s total tskips af We prepeetq. the ��roeecd� riisll !�e a{�pdied to the sume secured by this A4art- '�.
<br /> � � �s, Yil3� t�e asoaw., if �p, Mi�d to Boeno�ver. Is tlu eveat ot r paatial taking ot the Property , u�leea Bw�rower
<br /> .� ,lel! �.�d.r ailirr�ti.e .�eo in .ri�, �re .Aa11 be .pptied co d►e .�pr .ee,ired by this 1lortgage s,�eh Propor-
<br /> Iliaa M f�"� as ir �qw! t�► W�wt pnope�tioe wl+ieh tk�e ae�unt of the sums secured b this \io ; ��'
<br /> � pri�r 6a t�w �#� at lakiat Se�er ta t3�e fair ntae�cet eaiue of tlic Pra immediatyi • �e ��
<br /> d P�)' 3 Piior to t,5e dste of
<br /> , � '�#!1R b6bt�c�t ot Lbo �tr�u000d� �ri� tu awur�uvess . ,�. Y,
<br /> A If �C � #4 i'baadOned �' So,Tt�Datz or if afLer uoLioe Ly I.�cu1Na Lu Bw�rowcr U�ac bhe cwademnor offere ,� , ,=r,�
<br /> ; ' aM �MM�R rt +��ill! �t selit�e s � far ds�. B�ee:eatier fs�k W respood to Lender �vithia 30 dsye of the date ' �
<br /> �i a��'aw1�R. I�awlre ts a�whlMr'i�s! #r aMieaE Y�d spy�y t�ie� {�eeeds st Lender's o}>tion eitJier to res4oration or
<br /> �1/rir 4r Yw l�rri� s M tLe wrs a�eu�ei bv �iw 1ie��t�w�
<br /> [1N�r I.r�dNraed B+en�ew�er at�i�e �
<br /> �� � �t� �►7 � +PP��o � P�oeeds to Principal shsll
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