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<br /> bdd �r I.ta�r at !Ae �r�r �/ appheMs�n rr a. rnniMr ay�e+a �hr wn» ..�wurr.i I,s e ha ltrart�,r
<br /> Z A//rwi�� �1 /I���ra Utisr �lpptiRablr tss �nw��eir. aeAre+raw�. a!t �sysnnql. nwe�ti�e�d +Iw T�
<br /> �d�r ddrss lKaN aiw! pae�papbs ! a�d 2 hen�t d►rlt ►.e a�Mixd 1.�r I..�wdr�r Ar«t ru �sra�.ae �ri ,�,wrru�t. �r�A{,r yr
<br /> Luder by d�ew��et � �.reapy�h 2 IKe�rf. [Mu w �eanw �vYrhlr aa rtw� 1E�oite +�rd oo Yware� AdramrM., d
<br /> � aa�, wd tMs te tl�e pvl�eipst a( tAe l��te rad to ehr F+tue-a�r! +d F4tanr! .i.lvser.e�r. �/ wy .
<br /> �. !�e 13w. 8oeros�r �lwtlt piy aq tas«. a�rm.nae�wtr serd ,oel�er eh�eArs, daer and ra�o�uer� �ttrib-
<br /> �..� �tl�bb t+s the le�peety �ieA �y attain r psiaeit� arrrr ;Iw almt�a�e, uu! �er�ter! re�t�, it aay. �t Iw�d�e'r
<br /> p �pt�ie� � tba m�a�er �e+.id.d uader psr.p,�.h 7 Frrnwt er ly dwrorrr Fq.kiat aay�e � «hen due, .lireeeJy a
<br /> � th� p��ree eh�s�o�t. Bonrr�rsr �hsll pramyrtly t�trni�h to Iww��kr a11 notiee+. a[ aawuntr .lur w�da�r tA� p�ara�sp6.
<br /> � sod 'm the erpit Sorro+rst slutl makc pnytnent directty. Norturer stiall f�ron�{aly turnsah tcx t.encier ne�ipb swi-
<br /> � deneio� suth pyrmenb. Sorro�rer ahall Pramptly disrl�ar�e any !km wrhicfi tuu pr�ity oser tiw \lott�e : pro-
<br /> Q rided, t1�st Bornower eh�l not be requireJ to disci�arRr ary sue6 Iien w toa` se Norro�rrr .Jtisli s�p^re in �rritjus to
<br /> t.iie p�yment of tbe obli�stion eecured by eueh lien in :a ctunner seceptsble to I.eruicr, or sha11 in goal lasth coptM
<br /> ( wtch lim by, or defend eatorcrment o( euch lien in. Ir�l ��nucr�vfang�. whtrh operxtr to E+rr��edt the cnla�cement ot
<br /> O^O t�e 1'an ar torleiture of tbe Property or sny ��rt th�reof.
<br /> S. 8�d Iosutmo�. Borrower nhall �ae(� tl�c iiii��rovementa now eaciating nr hereafter erected on the Prop-
<br /> rrty insured agsinat toes by Srn, h�arda inctuded sithin th� term "e�ctendet •_nverage", �nd sue6 oeher f�a�ards ss
<br /> Lxnder may zequire nnd in sueh atnounts nnd for sucli Fxriacis ur t,ender ma5• require ; �ro�id«1 , ttaut I.carjer shsil
<br /> not reqnire that the amount of auch coverage exceed ti�st amount of co�erage reyu=recl to pay the aums reeured 'by
<br /> t�iie Mortgage.
<br /> The insuranee carrier providing the insurrnce shall i�a chu,en by Borrow•cr wuhject to appmval by Lender;
<br /> provided, that sach npprovsl shall not be unre�sonably withheld. All premiums on insurance policies ahal[ be paid
<br /> st Lender's option in the manner provided under paragraph 2 hereo[ or hy Borrower making payment, wrhen due,
<br /> directly to the insursnce earrier.
<br /> In the eveat any po2icy is not renewed on or before ten days of its ezpiration, the I.ender, to protect
<br /> its interest, may procur¢ insurance on the improvements, pay the premiums and such sum shall become
<br /> immediately due and payable with intereat at the rate aet forth in said note untii paid and shall be
<br /> secured by this Mortgage. Failure by Borrower to comply may, at option �f Lender, consiitute a default
<br /> under the terms of thia Mortgage.
<br /> All insursnce policies and renewals thereof shall be in form acceptable to I.ender and shall incIude a standard
<br /> • `� mortgage clause in favor of nnd in form acceptsble to Lender. I.ender yhal] h3.ve the right to l�old the policies nnd
<br /> renewats thereoF, and Borrower shall promptly furnish to Lender all renewal notices nnd ssll receiptx of psid pre-
<br /> miums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender, and Lender
<br /> may make proof of loss if not made prornptly by Aorrower.
<br /> Unlesa Lender and $orrower othern-ise agree in writing, insuruncc proceeds shall be applied to restoration or
<br /> repair of the Property damaged, provided such restoration or repuir is economically feasible and the seeurity of
<br /> thia blortgage is not tl�ereby impaired. Ii such restoration or repair is not economically feasible or i( the security
<br /> ofE thia il4ortgage would be impaired, tlie insurance proceeds shall be applied to the sums secured by thia Mortgage,
<br /> wzth the excess, if any, paid to Borrower. 1t tl�e Yroperty is a. bandoned by Borrower or if Borrower fnils to respond
<br /> q to Lender within 30 days sfter notice by Lender to Borrower thut the insurance carrier offers to settle n cisim for
<br /> '. insurance benefits, 7,ender is uuthorized to colIect and applc the insurance proceeds at Lender's oution either to
<br /> � restoration or repsir of the Properiy or to the sums secured by tliis �fortgsge. �
<br /> ' Unless Lender and Borrower otherwise ugree in �vriting, any such applicntion of proceeds to principal shall
<br /> ' not extend or postpone the due date of the monthly installments referred to in parugraphs 1 and 2 hereof or change
<br /> � tkte amount of such installments.
<br /> ' � If under paragraph 18 hereof the Yroperty is ucquired by Lender, all ri�ht, title and interest of Bonower in
<br /> : snd to any insurance poticies nnd in and to t4e proceeds thereof ( to tiie extent of the sums securecl, by this Mort-
<br /> gage immediately prior to such sale or acquic=tion) result.ing from damage to the Property prior to the sale or
<br /> aequieition shall pass to Lender.
<br /> i 6. Preservatioa �td Mmnten�ce of Pzoperty; Leaseholda; Condominiurns. Borrower shtxll keep the Prop-
<br /> erty in good repair and shall not permit or commit waste, impuirment, or deteriaration of the Property and ahall
<br /> comp]y with the provisions of any lease, if this tlortgage is ou n leasehold . If this NIortga�e is on a condominium
<br /> uait, Borrower shall pertorm all of Bonower's obli�ation, under the declaration of condominium or master deed ,
<br /> . r tke by-Iaws and regulations of the condominium project und constituent documents.
<br /> ! 7. Protection of Lendei s Security. If Borrower fails to perform the covenants and agreements contained in
<br /> thie �iortgage, or if sny action or proceed.ing is comn�enced �vhich materially aSects Lender's interest in the Prop-
<br /> � erty, including, but not limited to, eminent domain, insol�•ency, code enforcement, or arrangemeats or proceed-
<br /> f ings involving a bankrupt or decedent, then Lender at 7.ender's option, upon notice to Borrower, may make such
<br />� i sppearancea, disburse such sums and take sucli action as is necessary to protect Lender's interest, including, but
<br /> j noh limited to, disbursement of reasonable attorney's fees and entry upon the Property to inake repairs. Any
<br /> t � aaaounte diabursed by Lender pursuant to this paragraph 7, �viti� interest thereon, shall become ssdditional indebt-
<br />,= ' ed�esa of Bonower secured by this �fortgsge. Unless Borrower and Lender agree to otUer terms of payment, such
<br /> � amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, und shsll bear inter-
<br />' ! � est irom the date of diabursement at the rate ststed in the Note unless payment of interest at such rate would be
<br />' 't contrary to applicable law, in which event such amounts shall bear interest ut the highest rate permissible by
<br />''-` � applicable law. Nothing contained in tliis parugraph 7 shnll require I.ender to incur any expense or do any act
<br /> , hereunder.
<br />, ' 6. Inspectioa. Lender mny make or �auce to he ma�lc rensonnhle cntries upan and incpections of the Prop-
<br /> i , i erty, provided that Lender el�all give BorroR•er notice � n•ior to any such inspection epecifying reasonnble cause
<br /> therefor reisted to Lender's interest in the Property.
<br />;`' � 9. Condemaation. The proceeds of uny award or claim for damages, direct or consequential , in connection
<br />.; y wi:S any condemnstion or other taking o# the Property , m• part tliereof, or for conveyance in lieu of condemna-
<br /> - � tian, are hereby assigned and shall be paid to Lender. -
<br /> In the event of s total taking of the Property, the procecds shall l�e applied to the sums secured by this Mort-
<br /> gage, with the excess, it any, paid to Botr�ower. In tl�e event uf u partial taking of the Property, unless Borrower
<br /> ` emd Lender otherwiee agree in writing, th�re slisll be spplied to tlie sums secured by this J4ortgage such propor-
<br /> , � tio�n of the rocecds ss is
<br />,' - � p eqasl to that pr2sportion which tl�e umount of the smns secured by thia Mortgage imme-
<br />; i diately prior to the date of taking bears tv the fsir market value of t6e Property imrnediately prior to the date of
<br /> tsging, witdi the baia�ce of #3�e proceeds paid to Borrower.
<br /> � If the Property is absadoned by Borr�wer or if after notice by Lender to Borrower that the condemnor offers
<br /> ' to mak6aa awstd ar settle a claim for daaiager, Borrower [ails to ree�pond to Lender within 3U days of the date
<br /> ° of �ueh no�tice; I;eader is suthorized to coilect aad a 1 the
<br /> re ir of t,1�e Pro PP 3' P�ceeds nt Lender's option either t.o rcetorstion or
<br /> p+s pert�y or to tl�e sums secur.ed by this li�ortgage_
<br /> , Unle� Lender and Bormwer othern.ise agree in writing, any fluch npplication of Pmceeda to princi�nl =hall
<br /> `V` V
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