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<br /> i If under paraatspb 18 }sereof the Property is aald or the Property ie otherwise acquired by I,ender, Lender '
<br /> ahsi! apply, ae lster t1►az� imr�adistely priot to the aalc of tlse Property or its ru:qui�ition by Lender, sny Fundr
<br /> held by I.ender at the time af applicAtian ac a credit agnin�t the swna secured by thix :tifortgage.
<br /> 0. Apafoal�aal ot Pal�N. IJnJeos s!�►�lici►blc taw nrovufrs. othe±w:�e, »:: p:.yr..enL� r�x;eived by LQnder
<br /> �;w�� tl�o ltii�s a�osi pa�sspla 1 �d 2 has^e4t shal� Irc �I�tied tr3r F ender first in psyment of amounLs psyqble to :
<br /> IAmM$er 6y� 8�trowror under pRra�ss�l� g l;+sra►t. then to iaterest 1�ayaule o� the Note snd on Future Advau�aes, if �+,
<br /> u�
<br /> a4y, and M.� t4 the prinoipol of th� Ne�k�e an�i W tlie ��reacipal of Future Advanees, it suy. �;-
<br /> � ;• �i�i 1'i�. $en+Mram +�l�a►11 l�Y al! tasaa, arw�ements s¢d other ahasgee, fis� and "aapwi�io�s ntxril�- � r,;
<br /> � wo ldf4 Pt�pm!t�r whieh ms�r aWin a prieeity over tha Ma�rtgage, and �round rents, it any� ;t Leo�derr's � �,�,.
<br /> o�ae� � tt�e � p�rorided twder p�t�h � ttera►f or iry Barrower malaa� PsY+neat, when due, diraoWy to °'
<br /> Lhe pytee #hsreof. 8oerewar �hslt ptompLiy fttrnish W 7.,ender nll notioes of arnounte due nnder this psra�, ,�'�
<br /> amd in t4s ev�pt Hoe,row?es rhall mako pryaaenE direotl�, Borrower shal! pr�amptly furpish to I,euder receiptr eri- ''.;`
<br /> dt�woios �wsk; �uu1y��. 8orro�ree ehall praenpWy d'aeoliarge sny liern whieh lue priority over thie Maetga�,e; �. ��;
<br /> vida� .t�+at Sartowe� sl�w�ll not be roquised tr� die�harge any sucl� liea so lo�g se Sorrower st�ll saree in writias to �;4
<br /> � tbsp4�+adt of th4 obliptien eecured bp suoh lien in a msaner acceptable to Lender, or shsll in good f�ith e�pa�t '+;
<br /> 4.� n1ei� lira by, a d�f�d enfonoenaent of such lien in, legel �raceedic�c which operate to prevent the entoe�oemeat of
<br /> � ths Iier or iostsiEus�e of t�he Frapertr or eay part tliereot.
<br /> � S. Iiesand L�. Bosrower ahall keep tlse improvementa now existing or hereafter eneoted on the Prop-
<br /> e
<br /> .�. etty iswrod a�ai�t loas by flre, has�rde included within the term "extended covezsge", and sueh other hs►sards aa
<br /> �"' Le�rder msy require sud in euch amounts ssid for auch period� ae I.ender may require ; provided, that I,ender shfsi '
<br /> � aot eeqt�ice that the amo�nL of aueh coverage exceed that amount of coverage required to psy the aums soeured 'by `"
<br /> 1� tbis Mort;a�e.
<br /> � Tha i�eur�nae carrier providing the inaursnce shall be chosen by Borrower suhject to ap�proval by I,ender ;
<br /> prnvidod, tieat ruch appe+ovai shall not be unressonably withheld. All premiums on ineurance policiea �hall ba pai�d
<br /> at I.ender's option in the wanner pmvided under paragrapli 2 hereof or by Borrower making psyment, wheA due,
<br /> diesal,ly t,o the inrurmoe oarrier.
<br /> Ia th� event aiaY D��Y ie �t rene�ved on or before ten days of ite expisatioa, the Lepder, to pe+�ct
<br /> itr iet�t. m�Y Proc�se inauranoe on the improvementa, PeY the premiums and such sum shaii beoom�e
<br /> : immediatdy due and peyabie with intee+eet at the rste eet farth in eaid note untii paid and �hall 6e
<br /> �ued by thie Mortesee. Failue+e by Borrower to comply may, at option of I�nder, 000statute a deta�alL �;'
<br /> und�r the termo ot t!�» Mortia�e. '
<br /> A�i inwrance policsas and renewale thereof shail be in fonn ucceptable to I.ender and shall include a etsnd�td � y -
<br /> tna�RtWp dauee in favor of sad in form acoeptahle to Lender. I.ender ahall have tl�e right to l�obd the policiea asd �; ':
<br /> a t
<br /> renewals W�sraof, aod Ba�rro�ver shsll promptly faraieh to I.ender sll renewa! noticee and all receipt� o€ p�id ps+e- s r .
<br /> minmr. in the event of loas, Borrower ahail �ive prompt notice to the inaursnce carrier and Lender, aad Ieeder �
<br /> a��r m� proof of lar i[ mot made promptly by Bormwer. � �
<br /> � UakMs Lender amd Borrower M�t+erwise agree in writing, ineursnce proeeeds shsll be apptied to restorati,on or
<br /> � rapair af tl�e Property da�aQed, pmvided such restoration or repair ia econon�ically feseible and the eecurity ot f ��,�'`�'
<br /> '; tbis Iilatt�a�s a nat th�reby itapaired. If such restoration or repair is not economicaliy fearible or it the �eo�uity � , `
<br /> ; ot thy Mostpee would be impaired, the insursnce Yroceeda si�all !�e applied to the suma seeured by this Edoetp�e, �
<br /> ' wif� f� atieeu, if auy, p�id W Bornower. If Lhe Yrq�erty ie abaruioned by Borrower or if Borrower faih to rerp�awd
<br /> j t� L+Md�P �ithio 3t1 days �fEsr �tioe by Lender to $orrow�er that thc inaurance carrier oRerr ta rettle s alai�a fet
<br /> '. i�weiMeier bMa�$ts. I.e�der ic aut,horisod to eollect and n�ly the iaeuranoe proceeds at Lender's oQtioe eit�Y�r W " r;
<br /> � �e�t�ioa or se�air of the Property or to the eums seeured by tl�is �iortgs�e. `
<br /> ? Uelw I.eoder +wd Sarraver otherwice agree in writing, any such sQplication ot proceede to prineipal dfall ` �"
<br /> � �����Ce of the moathly inctsllmenta roterred to in }aoragraphs 1 and 2 hereof ar ehaa�e
<br /> w
<br /> �' If m�d�r pataRnph I8 hereof t4u I'roperty ie aoquired by Lender, all rigi�t, titie and iatere�t of Sore�owqs � �:
<br /> I; �d is asy ivauesnee pq�oiee a�d 'ta and to the proeeeds thereaf (to tl�e eYtent of the sume secured 6y this dtoat-
<br /> ; � �iately pria+r to sueh wle or aoquisition ) reeulting fram daniage to the Ymperty pr'sor tu tbo �4e ,sr N
<br /> raquil�ion �h�li pasr to I.ender. i
<br /> � R lY�aa �ed KsiM�emw e! A+�welY: L�m�6e1d�: Ceado�eiums. Borrower ehal! keep the Ptap- :
<br /> � aet�� ia �ood ropsir and a6sil not petmit or commit waste, impairment, or deterioration of the Property and �h�i
<br /> eomply wjti the provi�ie�nt of say leree, if this 1lortgsge is on a leasehold. If this Mortgaee is oa a 000dontiniur
<br /> uait Hosrow� �lull p�torm ail of Bonower's obliextions under the declaration o! condominium or master desd,
<br /> i k6e b�-ls�vs �od t�ulationr ot the cos�dominium project and constituent documentc.
<br /> j 7• l�elien e! i.�d�s's 8reueity. If Borrower faits to perform the eovenants and ugreements cont�it�d ia
<br /> tltis Ddaef�e, or if any seti�w ar prooeedina ie cosns�enced which msterislly affeets I.ender's iatere�t in ti�e Ps�qs-
<br /> , N��. iealu�, but not limited to, eminent domein , in�oi�•ency, code enforcement, or arrangeoaeats or pma+eed_
<br /> � iyr inrdv"s� s baakrttflt oe deoedeat, thcn Lender at I,ender'a option, upon notice W Bon�o�ver, msy nuke �ue6
<br /> app�rrasoe�, d"aburre suel� sums snd take euch aation ae ie nrcessery to proteet Lender'e interest, iacludia�, buL
<br /> s� ii�it�d to, dirbwr�e�mt of t�onable stWrnq's tees and ea�ry upnn the Property to +nal�e rep�ie�. Aa�
<br /> ; YMNIMt di�buned by I.�wder p�tstiast to tl�ic para�aph 7 , with intereat theree�n, sh�lt beeowe addetiayl iede6ic
<br /> P �dMr of B�n+owrer reeu�ad by thie Moetaa�e. Uniers Bomaiver and Leader a�ee to other terwa of -
<br /> P+�Y��� �
<br /> � �wd �6�JF b� pa'�bis upos nafboe leom Lender to Bore+owver re�i��6 FsYmeat thereot, aad �U bear iaf�-
<br /> ' � Erom ths date af ditbu�semeet at the rate rtated in the Note unlers Nayaunt of intee+est, at eueh rsts would bs
<br /> � aa� to appiica6le lsw�, io whieh event auch �nounts �lul! b�r interert st the hishest =ste pae�e by
<br /> � yl/iiMli� law. Aiothe� eoaLsiwad ia this panrgi�apl� 7 aha11 require Lender to incur aay ex{�e or do aa ad
<br /> h�p�YrdeR. y
<br /> :� �. i�11��1. l.eader m►y �tJce ar esuee W trc muie rwo�able entries up�+ and inrpeetiona af the Fre�
<br /> :$ �Ys Pr"o�i3td ihat I.eodet ►1�atl Yive Bw�ower :wc ice ��ruw tu any sucli in�euon ss1�fYini res�ooabk aNfse ,A
<br /> � � " �� "R.�i�Mli��'!'Se �s tfie F'++oPeetY
<br /> p�,�ris af ap� awrasd or claiw+ for daasata, dineat or eon�equenti�i, is eens�l�is� ,'
<br /> aiw+ �;
<br /> j �h #Y� �n ae ot�a� ta�i� ot t�e Property, c►r ��rt tliea+eof� or tor oonveysoc�e in lieu ot aosdeema-
<br /> � M�► � 1�'rb7 � aed f�atl be p�id to T.eader.
<br /> !a qrs�r�!wb si s tatil �'
<br /> �� � '�s � t�e �7, � i+ruce�de stuli !+e sPptied to the sums eecured by t�is Moet- '""�"'" „
<br /> ��, � fi� �+w. if +�g� !� ts Ba�rw�w^. In t,i�e eveak at ; P�si �int o€ t#u PropertY, untus Sre�re�r r;
<br /> � ` . . �I,�rii1R MMo�ir +�e i� w�riii�, lheve �!! he t�apl've�! to tlre aume secuzed by tbis 9doxf;a�e rues� penp�e�- , ` ;�.
<br /> � � �i �..ir Mi is +�M�rl il. �lrr p�e+bies .irid► ws aeneeant +st tLe .ams see�uaat b� tJ�i. M�oey.�s ;mne-
<br /> � : +�i1�' Es �e+�1ldp;e wR t�11�lM�s tt► l�Ar � �rsiedE w1+ue oi tAe P:+ap�erty i�edia�atY P�,or to tLe dabe et �:- , ,�,
<br /> ., ' �`�w �ppMlMl+rid to Aqer+�+Ner. � „ w.
<br /> � � � wr�airirwii � B�oww� ee 'sf �kx nacioe by i.en�le+r ao Be�ra�rer thst the eoodomaor o�ess "' ." , y
<br /> , �t► " " ' 1Ir iM�i�inr a �I�ia �'irei�o�r; Beeaowaa� rFaui� co sw�+oad t,m t.e�der �viti� 90 �el�qa of th� dite . ,� ;�" .
<br /> th
<br /> � � i�' �I11tlMo11iWi� M � "a1l�I'Y tilre pt+nmaeis �t L,a�er's optioa eit6er W re�ta�ration ar
<br /> { �t111�' Y'l�rat� �r r�s ar1+�M�ei�ir�iAw 3ci�f�ye.
<br /> �'�*�fi`'� �" �G � Ru �nT3'k3r,�,�+ a�}' �ucA �p�catiop uf ptvwumlr i,u yrivaiWri ai+rl�
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