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<br /> If under paragraph 18 hereof th� Pro� �ertt� is .uld ur rlie I 'ro��crty i, oth ��r�ei ��� s�•yuirr� l br I .ender , l ,ender
<br /> shall app1Y , tto Iater tlian i�nmediatuly prior to tiu� .;tic o[ tli�� Yro� u•rt �• ur ic , aryui� it iun by L�•nder . :u�y Fwids
<br /> held by Lender at the titnc of apl �licatiou as a ere� lit a�uiu,t tl�r .. wu. ..•�•ur�•� : i �c tlii: �1or� �;sgr.
<br /> 3. Applieation o! Payment�. Unles.• a� >plieahlo lu�r �,ro�� ido. utherHi...�, all pa,ytneut, recei �•ed b,y Lender
<br /> under the \'ote and paragrsspiie 1 und `2 liereof sliwll I �c a� �� �lie� { I �� Lcnd �•r fir.< t in � ixyment uf .uuuunts payable tu
<br /> � Lender by Borrower under paragraph 2 I�ereot, t6en to intere,t � �:iyahli� on ti�c� \otc an� i un Futurc Advunces, if
<br /> � any, and then to the principal ui the Note und to tl �c � �rin��i� ial uf H'utur�� A �i ��;� ncr< , if ;xnv,
<br /> � � 4• Ch�9�a: Li�ns. Borrower sLall pay a11 tases, assessments lind other charges, fines and impoeitions attrib-
<br /> �, ut,able to the Yroperty which may uttaiu a priority o��er thi. \lortgnge , snd ground rents, if any , at Lender'n
<br /> � option in the �nssnner provided under psragra��h 2 hereof or i �}� };orroH•er making � �ayment , when due . directiv to
<br /> � the payee thereof. Borrower shall pro�nptly furni�L to I.ender ul ! notices of �mount� duar under this paragraph ,
<br /> snd in the event Borrower sliall �nake payment directly , 13orro�����r shall proiuptly furnisl � to I,ender receipts evi-
<br /> � dencing suc6 payments. Borrower shuU pron �p[ly discl,arge uuy lirn «�hich lia� �rriorir;v over this �1ori a e ;
<br /> ^�� g g pro-
<br /> vided, that I3orrower shall not be required to diseliargr an}• aurl � lieu so long un Rorrower shall agrec in writing to
<br /> the payment of the obligation secured by such lien in :� manner aecuptuble to Leuder, or sh,ill in good faith conteet
<br /> such lien by , or defend enforce�nent of such lien in , lega ] procer•ding, wl � ich operati� to prr��eut the eniorcement of
<br /> the lien or forfeiture of the Yroperty a• iuro � �art tLcreof.
<br /> SEE RIDER S. Hazard Inauraace. IIJITIAL :
<br /> � , �l
<br /> il�s'�'feei�aEe*
<br /> The insurance carrier � �rovidinK tlie iusurxuce sl�all be �� hoarn ht l;orru�c�• r wl �ject to �pprovsl by Lende
<br /> provided , that such approval shall not be uureusonubly withheld . All premiums on insurance poticirs sLall be �d
<br /> at Lender's option in t6e manner Nrovided uuder ��aragraph ? hercui or li�• I3urro���er n�akinK ��ayment„ when due,
<br /> directly to the insurance carrier.
<br /> In the event any policy is not renewed on or before ten days of its expiration, the Lender, to protect
<br /> its interest, may prorure insurance on the improvements, pay the premiums and such sum shall become
<br /> immediately due and payable with interest at the rate set forth in said note until paid and shall be
<br /> secured by thie Mortgage. Failure by Borrower to compl,y may, at option of Lender, conetitute a default
<br /> under the terme of this Mortgage.
<br /> All insurance policies and renewuls thereof' =haxll h�� in iorw :xrr��ptablr tu L��nd�•r un� i �6nll include a standnrd
<br /> mortgage clause in lavor ot and in foriu ticce� �table to Lc•ndcv. Len� i �� r nl�all l �a���r th.� ri�;ht to hold the t>oliries und
<br /> renewals thereof, and Borrow�er sliall proniptly furni�l� to Leuder all renew:il notices and all receipte of paid pre-
<br /> miume. In the event of luss, Borrower �6u11 gi��e � �roni��t notici� tu the iueurauc�• currier und I.ender, and Lender
<br /> may make Uroof of loss it not made promptly I�y Borrower.
<br /> Unless Lender and Borrower otherwise agree in �criciu�; , in.ur;in��c � �roceeds shall be npplied tu restoration ur
<br /> repair of tlie Yroperty damaged . }>rocide•d ,ucli re.tor:ition ur rr•� ,air i• ���•u�iuiui��;ill}� f�•;s�ible und the seew•it�• of
<br /> thia Mortgage ie not thereby impaired . If .uch restor�� tiun ur repctir i= not ecunu� nicsll �• leasible or if tl�e securit,y
<br /> otthis AlorLgage wuuld be impaired , the msur�uce � �roceed, sliall I �i- yp��lie�l tu th�� .un�s �ecured by tl�is 14ortgage,
<br /> with the excess, il' any , paid to Borrower. 11' fiie Yro��ert�� ie ahnu� lone� ! hr I;orrokcr oi• ij I;orrower fails to respond
<br /> to Lender within 30 dnys after notice by ].ender to Bori•ower tk�st t l �e iusurauce currier oH'ers to settte a claim for
<br /> insurance benefits, I.ender ie suthorized to collect and appl}' tlu• insurauce Eiro�•eeds at I.ender's opt.ion either to
<br /> restoration or repair oC tl�e Property ur ta the suin, secui•ed I ,y tl � ie \lott.gag�•.
<br /> Unless Lender nnd 13orrow�er otherwiee 3gree in wnt.iug , an}� .urh up��lic;itiou ui proceeds to principal shall
<br /> not extend or postpone the due date of the montLly iu�talln�cnts referred to iu �,araKrap��, 1 and 2 hereof or change
<br /> tbe amount of sucl� installments.
<br /> If under paragraph 18 iiereol the Yroperty is acquired by Lender. :� II right , tillr an.l iuterest of Borrower in
<br /> and to any insuretnce policies and in an�i to the proceeds ther��uf i ro rlu� cxt ��ut uf tl�r �wus secured by thie Mort-
<br /> gage immediately prior w such salc or ni�quicitioni re= ultiu�; fn,ui � i :uuxKe tu tlu� Yropert��� ��rior to the sale or
<br /> ucquieition shal! pxss to I,ender.
<br /> 6. Pr�rvatiot. �d Mmabamscs o! Prop�rty; Iwas�holds: Condomiuiums. 13orrower s1�a11 keep t6e Yrop-
<br /> erty in good repair and shall not ��ermic or rom�nit waste , iuipairmc:nt , ur deterioratiun of the Yropert�� and shall
<br /> comply with the proviaions of nny ]ease, i ( thi:; Alortgagi is uu ;s le�asehol� i . If this Alortgage is ou a condominium
<br /> unit, Borrower rhall perforn� ull of Borrower '� obligaciun . uuder• the declaruciou of con�loniiuiwn or maefer deed ,
<br /> the by-Iaws and regulations of the condominiun � E ,roject :xnd c�onstituent docwnent:.
<br /> 7. Ptoteetion o[ L�ader'a S�curity. il Borrower fail . to pertorm the c�ovenants and agreen�ents contained in
<br /> this Mortgage , or if any sction or proceeding is con�uienced which iusterially� sffects Lender 'a interest in the Prop-
<br /> erty, including, but not limited to, eminent don,aiu , iu.ulci•ucy , oo�i�� ��uforceuienl , ur arrangeinents or proeeed -
<br /> ings involving a bsnkrupt or .lecedent , thrn Leuder xt Lend�•r '. oF�uon , u} �on nuu �•e to liorroµ�er, u �ay �nake ruch
<br /> appearances , dicburse such nums and take sucli ;ict�io� i as i= � ic<�esssr�• tu �,rote�� t Leu� ler 'e iutrrest , including, but
<br /> not limited Lo, disbursement oC i•easonaUle sttorney 'c tee. snd entr�� upon the Yro} �rrt}• to �riake repeirs. Any
<br /> amounte diebursed by Lender pursuant to this paragrsE�li 7, witli intereet thereon , s6s11 I�ecome additional indebt-
<br /> ednese of Borrower secured by thie �lortgage. Unless Borroµ er aud l .ender agrer to other tenns of payment , such
<br /> amounte shall be payable upon notice from Lender to Borrouer requescin6 paymrnt thereof , aud shall bear inter-
<br /> est from the date uf disbursen�ent at the rate stated iu the \ote unless puptnent ul iuterest ut such rate would be
<br /> eontrary to applicable law, in whicl� event such x�nount� shxll beai• interest at th�> higtiest rate perit�issible by
<br /> applicable law. '.Qothing contained in thi� �,#rxgrupli ; sl �nll rec� uim L��nder to incur un�� rxpense ur do any sct
<br /> hereunder.
<br /> !. In�p�etioa. I.ender u�ay �iiake ur cau�e to h�� mx� i�� rearouxhli� cntries upan an� i ins�iectionw of tlir Prop-
<br /> erty, pmvided that 1.emder � hail ! gi �•c l3urro�crr ::ot : , � � ., i��r ; .� .� ; �� - .�� 1 � , u..� �r. i ��iu .� �rcuy �n�; rrasot�ni�lr causer
<br /> therefor related to Lender'e intereet in the Yropert�• .
<br /> 9. Cood�mnation. The proceeds of uny award or <• laim for damages , direct or conseyuential , in connection
<br /> with xny eondemnat-ion or other taking of the Yro��ert } , ur part tlicr��uf, ur 1'ur . uiiceyaticr in lieu ol cundemna- . I
<br /> tion, are hereby aseigned snd Ehall l,e paid to Lender. �
<br /> In the event of a total taking of the Yropert,v , the � �roc�ed. �hall I ,t• npplii•d to thr .u �n� .t•,•ured h�� ihis 14ort-
<br /> guge, with the excess , ii' any , paid to Borro��•er. ln tLc event ot x � �artial taking ui the Yru��rrty , unleeu Borrower �}
<br /> � and Lender otherwiae agree in u•riting, there sl�xll l�e a��piied co � li�� .um� �e<•ureri by thiz �lurtgage such propor- , ., .
<br /> tioo of the proeeeds as is equs] to that proportion wl�ieh tlie au�ount oi tlie sums .ecureci b this �fo ,�*`
<br /> Y rtgage imme-
<br /> diatety ptior to the date of taking bears to the Fair maricet ��nlue of tlir Yropertr ii�iwedisLrly prior to the dste of
<br /> �t+ldus, wifd� t6e bslsace of the proceede puid to Borrower.
<br /> If the Ptonett,y is abandoneu by Borruwe� ur ii aiwr iiuuce uy Lenaer to Horrower that thv c�onde»mor o$err
<br /> to make an award or settle a claim Sor d:�ivayca, IIuriuNc. Iniia iu reeNuuu w Lnnuer wiwiin ;iU days ot the date "
<br /> of wch not�iee, T,ender is suthoriaed to cotleM and apply the pr«��� nt I.ruder '� opt �un tritl�rr to rr.taration or
<br /> regair of the Propesty or W the suuis eecured by tl�is \lortgage.
<br /> UA1CB6 IRAf�BI' 8A(� BOtI'OWB! Of,�18fi1V)RP Y¢,PEP lil wrifi�g, nny aVCf1 9j)pj1CSt:0:: U: r)fOC �:�:�a (.� ��� �t�� ��irsi .l�bii
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