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<br /> If unJer parsgraph 18 hereol nc�� Pro� ��•rt �� i -ul � { ur tl �o I 'ro� ,��rt � i , utli.�r« i-� • :� � � � uii,�� ! b� L� n�icr . Leuder
<br /> .hall apply , no later tli:tn imn �ediatelt' � � riur tu tli.• ..:il�• ui tlio Yru� u• rt � � n n - u�•� { ui. niuu i �p Lri ,� 1�• r . :ui }- Funds
<br /> lield by Lender :it the time of upl � lirati�in ;t. u �• rcilrt :��;aiu � t tlur . uiu, . � � wr� : L� i { u* \ li �rtksFr .
<br /> 3. Applieatioa of Paym�nts. L'nir.• a� q �lical , le l :i�� � �ru� i� le.. utli�•r�vi-� . :� li � �at�� � �,eut ,: n��•oicu� i bc l,eiider
<br /> under the ?�`ote and J �� ragr3�ilis 1 :ind �� li��r�•uf �liall I �� � ,� � yil �c� 1 L�� l .� �wlor �ir>t in � ��}' uirnt uf :s�uuunt � � utyable tu
<br /> I.ender by Burrower under � �araKra� ili 2 heri•of , then tu iut �• r��:t � �u }� uhli � on tlu• '�uti• arni � m Puiun • Advtinces , iP
<br /> � any , ar�d t.hen to the � irSneipal ol tlic• \ ot �� aiui tu tlu• � �rinoi � �al uf Futur�• A � icun �•�•� . � f :in}• .
<br /> 4. Cl�argN: Li�ns. E3orrower sliall pa}� ;ill taxer� , us.��.su�ienr, ;tind utlicr rh;arKrr . fiu.�s and impositions attrib -
<br /> utable to the Yroperty H�}iich may attain :i ��norit.y �i��cr tl � i, \1ortRu�;c . :tmt �;ruw� �1 rcut .< . it su �� . aL Lender'n
<br /> � option in the mauner �uovided under � �arugra� �h 2 hereo( ur I ��� 13orru���er iuykink ��syuu•nt , �chen du� � . directly to
<br /> the payee thereoL Borrower �hnll E�roinptl }� turni�li to Lender all notice. uf' :wu � uut . � Iuo uuder i6is paraqraph ,
<br /> �' and in the event Borrower rth� ll �nakc ��:�yiueut dirertl �� , liorru���or � hull � n•uiu � �tly iurnish to L��u�ler receipt4 evi -
<br /> '� dencingsuch paytnerrt� . I3on•ower �I�ull � �roui� ,tl}� �ii�rh:arg. ;iu�- li��i � whi��h 6a. � n•iurit.y o� c:r tLi. \lurtgage : � iro-
<br /> �' vided, that Eiorrower shall nut bir re�� uire� i tu disi�liur�;r itnq .u��l � Iieu ,u lou�; u, l�urroN�er .luill ;i�;rer in writing to
<br /> d the payrnent of Che obligatiou aecured b�� wch lien i �i u nuiuu�• r :u�c�•� rtal � le to L��mler . ur � hull iu �;oud faith r. ont�st
<br /> � such lian l�y , or defend enforcement oi .u�•li li��u ui , legal �n•u��rrd � n�,�. ��� I � i��li u����� ruto � u � � n� ����nt tho entorcement of
<br /> � the lien or forfeiture of the Yroperty or any � �tirt t lir�reof.
<br /> � 5. Flazard In�ur�ee. }3orrower •h�xll keiq � il ��• iu �� �ro���•nu�nL uu �c �•xi�tiuh ur Iu�rc;ifl �� r �•rected on the Yrop -
<br /> ^ erty insured sgainst loss by fire , huzurdr included �vitliiu the tei•n, " trxt ��uded �•o��era�<� " , ;u �d .�u� h utlu� r liuzarcle as
<br /> Lendermay require an� i iu �vr. h :lniowyt � :uui iur ..ucl � � �i� riu� l . :i� L� � n� i �•r iuuy ro� � nir�• �. � , r„� i� 1�•� 1 . thut Lender shall
<br /> not require tliat the amouut uf suc6 co��a�ragr cu•��c�i tL:ii :iii � uuni uf � •ure�r;a�;e� r� �yil � rr� 1 tu � �;zy the . urn� secured 'by
<br /> this 14fortgage.
<br /> The insurance rarner � u�o ��iding tlic in. urai , ro sliull In � riwseii ! ��' Nurru�+��� r , ui � je��t tu 3E,prv���•,il by I .ender.
<br /> provided , t4at such �pproval cliall not l,� uurrasou�sbh�� �cithheki . _� ll premium. un imur:succ �,ulicirs , liull Le E�aid
<br /> at Ixnder 's opt �on in the manner � � ruvi�i���i un � i�� r � ,;iraR �:�� �li 2 I �cr�•uf un c� liurru��� cr ivakinK� � �x}' iueut . �chun dur .
<br /> direetly to the insurance carrier.
<br /> In the event any policy is not renewed on or be(ore tr,n days of its rxpiration , the Lender, to protect
<br /> its interest , tna,y procure in�urance on the itnprovE:ment.s, pay the premiumti and su�•h �um hhall brc•ome
<br /> immediately due and payable with interest at the rate srt forth in said note � entil paid and ,hall be
<br /> aecured by this !�lortgage. Failure by Borrower to comply may, at option of Lender, cune;titutr a drfault
<br /> under the tertn+ of this Mortgage.
<br /> All inauranoe � x��licie. and r�� u��w�al . thrn�ul < h ;tll i ,� � in iin�i � i :a�r� � � ,tal � lr tu L� •rnl �� r :u �� i .. lu� ll � uolud�� :� ..tan� lar� l
<br /> �i�orLgage clauar �n tn�•ur of uu� ! n� for�u aer��� �tshl�� tu I .�•u� l �� r L� •wi �� r � h:� ll lui ���� th�� rik�lit tu huld thr � �ullcir� >in�l
<br /> repewals thereuf, and Borroaer .luill proniptly furnish io L��i �J �• r slf rene�val � iotu���, uiul ull receiE�ts uf paid Erre-
<br /> iuiums. In the e��ent uf loss, liuri•o�crr . I �:sll gi � �� pruny �t uuui•o iu rhr i � nuruu�•�� � •;urier :iiu1 Len�ier. and Lrnder
<br /> may make Nroof of ]oea i( not. nia�ie pro� opt ]y I �}� liorruH�rr �
<br /> Unleas Len�er �nd Borrower utLer�v �se a�;n•�• in �criuu� . ii � ,.ur:u � o �• � , rur��r� i, ..hall h�• up� �lie�i iu rescoratiou or
<br /> repair ul tli� Yru}�crty iiainssged . �� ro�� i� ie� ! ..urli rr<tui:� � iun ur n •E ,:iir i � � ��•i �uuiiue:ill�� tr:A, ihlo arnl tl�e ,crurit �' ui
<br /> thi6 \lortgsge i� not tl�ereLc ii� � � �airr�l . li su�•I � r� .tur;iiiui � ur rr� �:iir � - nnt � � � � uui „ i , ;iiit i �•:i= iblo ur if tlic securit��
<br /> uf this Alortgage would be � mpaired . th�� in ,urxu�•r � � ru���•���I. , hall Lo :i � �� �lir� i tu th� � � uiu, .ecure�i by tLis 3lortguge .
<br /> witti the excesa , if any , paid to f3orruw� er- If � hc Yro� �rri �• i�. ah:�iml � nu•� I i �}� Rurr� � �r<� r or ii liorro�srr fails to respond
<br /> to Lender within 30 daye after nutic�• b�� Leau:er iu Iiurrourr iluu rh � iu> ur:iuc,. ,•arner ot�'er. ro .rttle a� clxi�ri for
<br /> ineurauce l�enefits. l .euder in� au[ k�orized to rollc��t :iml aE�� �l }� � ho insur:u � re � �ru�•oe�ls :u l .ender's option eiLher to
<br /> restoration or repssir ot t }ie Yrol�ert�• or tu th�• ,un�, ,��riin�� ! L� tl, i . \ Iu�YKuki
<br /> Unless Len�ler su�l Horrower uthurwi�c• s�;mr ni �vnuuti :iu�� . u�� l � a� q � lir ;tuuii uf � ,rorce�s tu �irincipxl shall r,t"
<br /> not extend ur postpone ttie due �1ate uf tlie iuuntlil�� inatalluu nt . n•irrro� l ru in � �:iragraC�}i, � ;, i „i 2 hrreof or chauge "'
<br /> the amount of sucl� installment� . t{�"
<br /> If under � �aragra� �ki lb hereoi thc Properh� �= acyu� red I �y L�•n�1ei ;ill ri� f , � , titl�• .tu� ! int �•re•�t ui Borrower in
<br /> and toan�• insuranee � �ulicir� nn�l � n umi tu thc � n�u�•c•i•d� th�� n �ul itu rl � � � �•xl ��ui ni rL�• -uni . ,�•rur��� i hv tli �. 91urt -
<br /> gage iiriinediat,ely � �ria• tu .�uch ,al�� ur :�� �yui� inuur n•- uhiu � n�uni � i .ui � :t�� • t � � th� � k'ro� ��• rt �� � n•�or tu cl�c �sl� or
<br /> acyuieition �hall pas� to Leude�r.
<br /> & Pr�ssrvatioa �d Mmnba�ea o! Prop�rty: Leasoholdr: Coadominiuma. Hnrrowi�r �iicill kerE , tlie Yrop-
<br /> erty in guod repuir and . hnil not � �erntit or romn � it �r i, [ c . uii � �airiucnt . � �r � Iri � • riura[ iun „i th�• k'ro� �rrt�- aud shall
<br /> comply with the pro �� isionc ot :� n}� lea�e , if thi > \ lurt �,uge �� � �u :i l � �:i,��l �ul� l Ii t lii. Alur� qv�;c i,, ou :. condo�uiniun�
<br /> unit, Borruwer shull i�erfonu all of Borro�����r ', ni � li �atiun> � in � l �-r n �� � � lrrl :u�:�uuu ui ,�oi „lonuniuu � � �r mester deed .
<br /> the by-lawc: nnd regulrstion. uf tLe ��u�i �lo�n� ntuui E �rui ��ct :ui� i r��mutueiii , loi� uui�•ut � .
<br /> 7. Protectioa ot I.�nder'aS�curity. IC 13errow � � r i:eil � r � � � �i• rinrn � th� � r� n�� • i , aut � :� � i � l :s�;n•ciu� nt . ��ontaine� in
<br /> this Alortg8ge , or it ant' action �ir � u•ocer�in� �. couinicu�•e< I �vh � rli iu :it �� n:ill �� aff��rt ,. L��n�lcr �, iutrrrst in ihe Yrop-
<br /> erty , includin� , hut nut limited to . �•minrn! �luiuxi � : ii ��u; � � �� i � �� . ,�.,� 1� � �ui�,r����n ,��i � � . � �r :u�rai,ke�u �rnt , � � r � �roceed -
<br /> inge involving a bank �vE �t or i.lece�ient , thin L�•i�� 1�•r :xr 1 .�• u� t� • r �- ryn � � �n u7 ,� n � nu. i��, � t � � liurrotcer. n .:. t' n�xk�� su�L
<br /> apNenrancr� , di.bursr such awu, xnd tsker =ucli :�ction u , r u�•„ �„ar� � u � rn�t �•� t Lru� ler's interest . � n�• luding , hut
<br /> not limited t.o , disburseu�enr oi rexsonable attorur�� 's frr- :iu� i rntr�� u� wu tha Pru} �crtc tu � uake repairs . .Any
<br /> amountsdiebursed b�• LendrrE, w•suaut tu thi. � �urugr:iE,l � ; . �� itl � iiitrr��,i thereut � . �hall I �rcon �c add , cionxi indebt -
<br /> edneas of Borrower secured by' th�� \lortgay;e . l nlr�.• }iorro�� �• r yn� 1 L��wicv ugreo to otl �er crnn� ui � ia��ment . such
<br /> amounts shall be paVable uEiou riotice iro� n Li•nder tu RurruHrr r�>yur.t � u�� � �:t�� � u��iit tl �erenf :un ! �hal ; beur � rter-
<br /> est from tlie datr ut �lisbursetnent at thr rat �� �tut �•d iii thc \ ut �• wilr�� � �;.ynn•�� t ui interest ;st suct� rate wnuld be
<br /> contrary to applieal�lr lati� , iu which r ��rnt ..ueti :t�uuunt , �I � :111 hr�ar inti�ri•.,t :� [ th�� hiKLe.t rmt�• E �er�niahiblr ht�
<br /> applicsble li1w. Atrtluuq � •ontii� u ���� i in thi - � ,sr�gra � , fi ; ' � � � ;
<br /> �� I� :u , rr� � uu-� � l .� � n � rr tu in � � nr ,,i � c c� � �rne�• ur �lci an}' act ,
<br /> hemunder. I
<br /> 9. I1f�p�Cfjoel. Lrn� lrr iii.i � u � ttko n �� �•.iu ,� r � � � ,� � � � • „ i � . ., . : ' . . � : � .- . � � - � : . . � . .� ,. � � i . �� ( �, 1 .� I � r�f,- �
<br /> eriy . Pru��ided that Lrnder ..hall Ki �•r tiorrow�rr nui � � �� i �riu � � � ��ui �� n � l � ni.� s � tn � r � � � � if�� in� ra.ui::. hli :�au,.o
<br /> therefor releted to Lender'H mterest m the Yroprrty
<br /> 8. Cond�if+nation. The promeri; uf un�� :�w3ri1 nr � • laiin f� n� � { ;i � n :ig�,,� . � iirr� � i � � r rou,ryuentiel . in �•our��ection
<br /> W1Lt1 tiI1V COI1dCR3118S.101] OI' OCf1PP 1X�Uf1� Ol [ �lc^ NfU�lrYtt' ul' 1 ��41't I � ir�r� ii . � H' 1uP �'� �tnv•�^illr� � I11 � 1[�tl � >1 � 'Ull��l'71171;1 - I
<br /> tion, are hereby assig�ird xnd strall I �c ��aid tu L�•uder. �-^�y,
<br /> In t�he e ��ent of a total takinK uC iLt• Yru��rrty . thr � �ru� �ee� 1 , � I ,ill I ��� :i � � E�lx•�i + u tli �� � uiu� ..�-�'urrd l��� t 1ii+; �1ort -
<br /> Bage, with tFte exces�: . if sny . pxid to Borru�cca•. lu tiio e� eut ul a � �:irtixl tak � u�; ui tii� } 'ro� �� rrv . uulrsn liorrower I
<br /> I und Lender otherwisr agree in writing. theie .�Iiall bi• ap� il �e�i tu tlii• .u � u. srcw•iri h} tlu� \] urtKuKr .url� propor-
<br /> tion of the prM�eds as is equal to that � iroportion wh �rh tl�e siuuunt o � th<• �wn.- �rc•urcri I �v tlus 'lfortga;;e �mme- �.;
<br /> distely p[ior to the date of takin� f>ear� to tl�c tair � uurk� •t valu� � ul tl �.� Pr. �� �F•rt �- iinmrd �3tcl�� E�r�or to t }� �� datr �>f'
<br /> t,tlrin�. w1E6 t,he halanrv nf � {� n.rv..�..�. . ::+ . t, f! �: : . „ :. u .
<br /> If the Propet�ty iw nbawionfvi h}• R��mw•Pr nr � i .. � . �..� .,,p. , .. i. i . . Lu..: .: , .� P
<br /> , , o. , .. .. . i iLai iur cuuuriutior utterf
<br /> to mske 81t awBTd or eettle x claim for �lawsgee, 13urroN er fail � to rr_y�ond tu I .rn� ier µ rt h � n 3U �iayn uf thr dntr
<br /> of eueh notice, Le�ider is suthoriaed to �•ollect r�n.l x��� �l }� th�• y��u���•ev1- a � Londrr� �� � �f �uuc oiil �� •r iu r�<•..turan� �n � � r
<br /> repair of the Yropert,y or w �he suin, ezec•urrd trv tlu• \ i ��rcKaK.� .
<br /> lioleee 1.eniSer and tiorruwer othenrise agrer ii� ���riting, xm� such app]icatioii ut F�roceede � o �� nn�•i � �al rlisl !
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