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<br /> � If under paragraph 18 hereof the Property is sold or the Yroperty is otherwise acquircd by I.ender, Lender , �
<br /> ehslt apply, no I�ter tlian immediatcly prior to tlie salc of thc Property or its acyuieition by I.rnder, uny Funds
<br /> lield by Lender at the time of spplication as s credit againKt the hums secured by this '.�Iortgage.
<br /> �. �aRliea oI Pay�t�. Unle�s apnlicable Iax� provides oLherwise, all payments received by Lender
<br /> �der Ehs N4te a�d para6rapLs i and 2 hereof ahall he applied by Lencier firat in pay�nent of amouots payable to
<br /> Leed�er b�r $a�^rawer under naragnpl� 2 laereof, then to interest �rayable on tiic Note and on Future Advancee, if
<br /> aay, snd thett to the luimcipal o[ the Note aad to Ll�e principal of Future Advsnces, if any.
<br /> 4- '�nwsras I.i�ns. Roerower �±�aI1 u4v a!1 taxee. �tr�ent8 and other charser , &nea and imEwsitions attrib-
<br /> � uA�bi� t,o t3�e Pe�pperty whici� may att4in a priority over tlai� Mortga�e, and ground rents, it aay, at Leader's
<br /> aptiow in tha euwnst �arovid�i upder �ra�rrph Z l�reQf or by Borrower mskiug payment, when due, direotly to
<br /> Eho p�yrN t6�inef. Ba�s!ower tl�a,ll psop�ptly furnisli W I.ender all notu+ee of amounta due under thes puagraph,
<br /> asd aa Wrs erent B�rro�ver e3�a1] mske payntent directly , Borrower shstl Promptly furnish to I.ender reoeipte evi-
<br /> � de� web p��rment�. liorrnaer �a11 PranpLly diachasge any lien which hae priority over this Mort�ge ; pro-
<br /> � ridld, lh�1t Serew�var dull rwt be tequired to disel�arge any eucS� lieu so loag as Borroqer ahnll agree in writing W
<br /> � the psyma►t af tbe abJ� eeeuted by suel� lien in u inanner acoeptsbie to I.ender, or eliall in good faith co+rt�t
<br /> qeb lioe by, oR defmd eafor�memeat oi awcl� lien in, legai proceedingu which operate co prevent the enforoemeat of
<br /> �� tLsliMa ar fadiit�re af the Property or any part t�ereof.
<br /> � i li�md I�r�mm�o�. Bozsower ahall kaep tlie iin�roveraents now existing or heresfter erected on ttte Prop-
<br /> *� esty i�peuced'e�a't�Bt Ma�s by firr,, hassrda inoluded witkin the term "eztended covesoge", and euch other haaarda re
<br /> � � Lee�er msy e�aquire and in eueh amounts snd for eucl� periode us Lender may require ; provided, that Lender �SII
<br /> � e�! e�eqquire tEut f.i9e smount of euch eoverage e�coeed that amount ot coverage required to pay the sums �ured 'by
<br /> ^ ee �a e c
<br /> this bEot�e.
<br /> The itauranoe carruer providing the insuranqe shsll be choaen by Borrower subject to apprnval by Lender,
<br /> provided, that sueh approval chall not be unreaeonably withheld. All premiuipa on insurance policies ehall be paid
<br /> at I.eades'e aption in the manner provided under paragrsph 2 hereof or by Bonower �nakiag psyment, when due,
<br /> diwetiy w the ia�r�noe osrrier.
<br /> in W�e event ufy policy is aot renewed � or before ten dsys ot ite espiration, the Leader, to prot,ect
<br /> its inferast, may procure insutance on the iinprovemente, psy the premiume aad euch oum shaD bec�ome
<br /> immsdiateiy due �ed p�ysble wit6 interest at the rate net forth in said note until paid and shall be
<br /> �:+ed by tt�ir Mott�e. F�iture by Borrower to comply may, at option of Lender, oonstitute a detault
<br /> uAtlee tdwe t�ems of tbis Mort�aee.
<br /> AU iururatfoe policiee a�i renewale tl�ereof ei�all be in foflu secepfa�ble W I.ender and shall include a eLsndard
<br /> �u4e�t�e oisurs ia favor of and in form acuepisble to I.ender. I,ender ahsll have the right to hoid the policiee and
<br /> rs�a+ralrlha�eot, a�d Sorrower shsll promptly fumish to I.ender all renewai notices and all receipts of psid pn-
<br /> miwrr. In the evapt nf lar, Borm�ver rhall give prnmpt notice to the ineurancx carrier and Lender, snd Lander
<br /> ; m�y inake proof of lore if not made pranptly by Borrower.
<br /> DaIOM Las�dar snd Btfrrowes oLheraise sat+ee in writing, inaurance proceeds ehall be applied to re�torstiaa or
<br /> rap�is ot tbs Ptoperty damyeei, pmvided euch restoration ar rrpair ie economicr►lly feasible arld the seourity o!
<br /> N1is Ddaetp� ir noL tLereby impaired. It �uch restoration or repair is not econnmically fesaible or if the eeeusity
<br /> ot this M�e �rould t�e unpaired, tl�e ineurance proceeds ehall lie apW�ied tu tlie ruu�s secured by this Mart�e,
<br /> wi#�h t6eeawer, it any, {�sid Go Borrower. If the Yroperty ie abandoned by Borrower or if Borrower frile Go cwpond
<br /> te Iwwd�r rvithin 30 days after notice by I.ender to Bormwer tl�at the insurauce carrier oHers Go settle a elaun tot
<br /> j eoM�aeee beea�ts, i.ender ir authorised W colleet and apply the insurance proceeds at Lender's opfaon either to M
<br /> � ra�tKstao� or e�ir af the Property or to ths sume secured by thic \Sortgsge.
<br /> II11M� I�r and Sonower atl�erwire aseee in writing, any such applicaLion o[ proceeds to principtl tlull
<br /> '; wt rfN►d os patqoae the d�re date of the month}y in�tallmente referred to u� paragraphe 1 and 2 hereof or ehsa�e
<br /> � ; fi� a�r�w�t ot we�h iartallstents. �
<br /> ( I,t wder p�r�trapb 18 ba+sof tite Property is aoquii+ed by Lender, all right, title aad interwt of Borro+ver in
<br /> a aod t� anq iwouronce padicies rad ia and to tJ�e proeeedti tliereof ( to the extent of the e�uws cecuned by thie Moet-
<br /> y pN immed'fi#ely prior to cuoh eBle or acquicition) resulting from damage to tlie Property prior to the asle or
<br /> ; �a�qui�tiea o6a11 pars to Lender.
<br /> t h�e� ��i lf�ieNaoa� dE trop�ellf: LaNlwlds: CaeJomioivass. Borrower ehall Iceep the Pe+op-
<br /> at�r i� Sood repair rnd shrll not permit or commit wsate, impsirment, or deterioration ot the Prnperty and �all
<br /> ep�pl� rith the provi�ion� of auy lesse, if this ?�iortgage is un a leasehold . If thie Mortgage is on a coadomin'sum
<br /> . uaiE, Bon+awae shsll perform all of Borrower's obligstions under the declaration of condominium or m�ster d�ed,
<br /> th� by-Isw aad re�ulstioos o[ the 000daniniw�� pmject and conctituent doeuments.
<br /> i 7. lt�Mslirs e( IwiK's �eueiAy. It Borrower fsile to perform the covenants and agreeraents coatained in
<br /> jtbir 1ltoetp0e, or if aay actioa or peaoeeding is a�mmenced which materially affecte Lender's iut�erE in the Pt�op-
<br /> ' elt', ineludini, but aat limited to, eminent do�nain , ineolvency , code entorcement , or arrangesuents or proce�ed-
<br /> ! if� i�velvie� s l+anlcnipt or deeedeat, then Leader at I.ender's option , upon notice to Sortower, msy make es�eh
<br /> ap/rs+�oeet, d'ubune such w�ms and talce such action ws is necesasry tv protect Lender's interest, includiag, but
<br /> seb li�aited te, diobut�remeut of raraonable atWrney 's feec and entry upon tht Pmperty to m�ice rap�irs. Any
<br /> i aww�b dubuesed by L� pureu�nt to thia p�sra�rspl� 7, with interest thereon, ahsll beca�me additiodal indebt-
<br /> ; �d�r e( Horeswrr �eeiu�ed by t!w Mort�e. Unless Sorrower and I,ender agree to ot6er teeme of psyment, sueh
<br /> j a� ai��l bs qyabis upaia aotiee fraan Leader to Boerower requating payment thereof, and s6a11 ba►r inLer-
<br /> Mt few4 ths da�e ef �Muses�at at the rate stated ia tlfe Note ualeet payment of iaterest st suoh r�te would be
<br /> ewte� 60 �pplie�bke Is+w, is� whioi� event eueh amounte shall besr iaterest at the highest mte penausible by
<br /> ; yyllie�6b l��. ?+�a�tirin� ea►tainecl in this para�rapli 7 shall require Lender to incur any expenee or do sny sct
<br /> I bw�Mr.
<br /> ' t 11�6'11w�. l.em3es rnny mslce ar esuse to ��e msAe resuonable e»triex upon and inspeeLiouc of the Prop-
<br /> . �ely, peox7ded tluat L.ende� Rhat1 give Sorro�ver AOtICC ►�rior to any Ku�h inerx�tien F(1P('IfV1A(C, MRPM1At1�P es�ee
<br /> � �� �'�s ie bAs Freparty.
<br /> peree�rls ot say arrat+d or ekim for dama,see, direct or eoneaqupntisl, in o�neotsa�
<br /> �i1� �! eea�i�a�ti�w ae obier t� sf tbe Pro�ert,r . or pert thereot , or tur eo�veyance in lieu ot amdemna- �
<br /> g W� aw� YrrrY�� ariprd aa� aYatf !rs p�id t� i.ender.
<br /> , , � iw tbe � et a total t�lciie� of ti►� !"�ape�rty, the peoceeds Rl�all I�e applied to the sume eecured by tt►is Maet- ,. r—.. ..
<br /> t c
<br /> a �11��, �rith Lb� �arsarr, if amy, �id to Saiss�er. In tl�e event oP s �artisl taking of the ProQerty, unle�r Botrower �
<br /> � Mi LM1Mr /MrM'�rNe �pas ie w�, f�e d�a{t be �pplied to t#ie aunas secured by thie '_13ork�age aucfi propor- ' '
<br /> k , ,
<br /> �' � ��i� �M piareMir as is�qwd te tihw�t, p�a�eeti�e wl�ith bhe am�ut+t of tke su� eacueed by this Mort�e imme- �;:
<br /> ,�, , ��! r� s. tY�e dra► .+r ad� b.wx. ao c�+e tr+r �rMs�c wt� at et,� rro�rty im�a;.rtly �ior co t� dst� ot �,
<br /> , ,:��.
<br /> � �NI!#�►#�+iM�t�IME�Mrep�a�4. psiri ta lla�+ew�er. "' ' ,
<br /> " W►� i� �� b?► �,rser er ii Riter ++etice hv i.e++.3er to Borro+ver thnt the condemnor offers ; " ' ,,,�„ �
<br /> .
<br /> • 1� i��#WIIYIiWN�'at�aMrEL a etirir irirru�s, Sarnea�+ee hi}w fa+ rw�+on� f� i .rmiK w�ithin 30 deye of the dste � � �, "'"
<br /> �`"4y ' � �MM� iA�d�e 's a�l�e�pd bs e�Mieet aa�! spply the pevoeeds st Lender's option eiti�er to restoration or
<br /> a�t �t 1ir yr�r �M tir+rr �i IKr #i�is atael�e.
<br /> . X�11111► LMdIe �ed l�orlwpr o6Ne�wi1 �fi� is �t. �U' �� ���� � P��de te principal ehall
<br /> � �`�• �, �
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