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<br /> �1tiM Lt tba �er p�ow^ideJ urier pfu�ry�k 3 be�acet ar isp Non+�rer unit� wYu�t , arlien Jur. disartly to
<br /> !L pa� U�eiMet. Senwrer �hrU pirwoptly tura�wb to l.m�d�rr di weyow� a/ Nuawres �hrr ws.ier tArr y�r�apb,
<br /> � �ad in t!� wawt $p�oa��er aluli �ke p�,rss�t ,uve+etly. ilnrrr+wrr .#�rl! n++�++q+�r fur:,a1�, ra t..rrrler nece�ptr ev's-
<br /> � d�oWes �eb WYsnwu+• Beeno�wr sAsH �H17 ds�eha+tp' sar I�rs �hfrA hrr y�nnty a+�rr tlsia tlasega,�e , ps�o-
<br /> �id�, th�t Boe�+vwet shatl oet be a ,
<br /> � oe reqvired to di�e�e aay su.•t� tiw .�o {os; r. Norr.�rr �u1! aprew �n wrkin� to
<br /> � t6e psyment ot tbe obtiptioa �ce�eci by sueh lien in n manekr aoa�rp�t,cb&• to l.ra.fcr, ur .ha�tt u, goad tasth c�etest
<br /> . 0 aseh lien by, er defeod entoTeemest ot suc6 lien �a. Irgsi F�n.cs.e�.i�u�► r hieh q�tratr tp prrs•rat thc euiaa'tament ai
<br /> � the li�o or for(eita�n al tbe PYopetty or say �.nn t 1�eot. r
<br /> b. I3�mdlowrmow Boerarer rhsl! Ic�� tl�c itnprovrre�rnts iwx rz�tu� ur heresiter ertcted on !he Frop-
<br /> i erty iowred saaiaat la�s by �re, hasards ineluded �vichin t}�a trrau "ettended eorerage .. auri weln aher haaasds as
<br /> 00 Lefldes ms�y requin and in esuch atn�nta at►cl for .uce � �+erioclt �� t.rnrfer n�ap rerywre : provuJed , thsc t,ender sh�11
<br /> � uot requis.e that the amonnt of euch covera�e rxceert chat amaunt of roveraqe require.i to psy tise eums �eeuncd 'by
<br /> thie Moet6aqe.
<br /> Tbe `sreumnee cartier providing the insurnuce shaU tx choyen !�y- f3orrowPr +ubjeet to spproval by I,esider ;
<br /> provided, that such approval shall not be unrtseonabfy withheld. :111 premiums on ineurat,ce poticies ehsll be paid
<br /> st Leader's option in the manner provided under parsgrxph 2 hereof or by Borcower making psyment, when due,
<br /> directly ta. the insurance csrrier.
<br /> Ia th�e event any policy ia not renew�ed on or before ten d�ys ot ita ezpiration, the I.ender, to protect
<br /> its interest, may procure i�urance on the improvemente, pay the premiums and such sa�m shsil become
<br /> immediately du¢ and payable with interest et the rate set [orth in said note until paid aad ahall be
<br /> secvred by this Mortgage. Failure by Borsower to comply may, at option of Lender, constitute a default
<br /> under the terms of this Moztqage.
<br /> All i�surance policies snd renewals therevf ;�hal ! be in tonn :�ceeptable to Lender and el�al! include a atandatd
<br /> mortgage clause in favor of and in form nccep=able to Lendec I_ender shall have the right to hold the policies and
<br /> reaewals t�ereof, and Borrower shal! promptly furnish to Lender ali renewal notices and all receipts of paid pre-
<br /> miuma. Ia Ehe event of loss, Borrower shall give prornpt notice to the insurance carrier and Lender, and i.ender
<br /> may make proof of loss if not made promptly Ly Borrower.
<br /> Unless Lender and Bonawer otherwise agree in cs•riting, insurance proceeds sha11 be applied to restoration or
<br /> repair of tl�e Property damaged, provided such restoration or repair is economically feasible and the security of
<br /> this Mortgage is not thereby impaired. If �ucti restoration or repair is not economically feasible or if the security
<br /> ` of thia Diortgage would be impaired, the insurance proceeds shall be applieci to the sums secured by this Mortgage,
<br /> � with the escess, if any, paid to Borrower. If the Yroperty is abandoned by Borrower or if Borrower faits to respond
<br /> � to Lender within 30 days after natice by Lender to Borrower that the insurance carrier offers to settle a claim for
<br /> iasvranee benefits, Lender is authorized to coIlect and apply- the insurance proceeds at I.ender's option either to
<br /> restoratiou or repair of the Property or to the sums secured by tliis �Iortguge.
<br /> � Unlees Lender and Borrotiver otherwise agree in writing, any such applicution of proceeds to principal shalI
<br /> not extend or postpone the due date of the mon.thly instsllments referred to in paragraphs 1 and 2 hereof or change
<br /> ithe smount of euch installmenta. ':
<br /> If unc�er paragraph 18 hereof the Yroperty is acquired by Lender, nll right, title and interest of Borrower in ,
<br /> and to any insurance policies and in and to the proceeds tl�ereof ( to the extent of the sums secured by thia Mort-
<br /> ' gage immediately prior to sueh snle or acquicition ) resulting from darnage to thc t'roperty prior to the sele or z.
<br /> } acquieitioa shall pass to Lender. �;
<br /> � 6. Preaervation �sd Mmnten�ce of Property; Leaseholds: Condomiaiums. Borrower shall keep the Prop-
<br /> � erty in good repair and ahall not permit or commit waste, impaizment , or deterioration of the Property und shall
<br /> i comply with the provisions of any lease, if this \lortgage is on a Icasehold. If this �Sortgage is on n condominium
<br /> y unit, Borrawer shall perform all of Borro�ver's obligations under the declaration of condominium or master deed,
<br /> '- -� the by-laws and regulations of the condominium project nnd constituent documents.
<br /> , i 7. Protectioa of Lender's Security. If Borrower fuils to perPorm the covenants and :►greements contained in
<br /> - f this Mortgsge, or if any action or proceeding is cummenced �vhich muterially affects Lender's intereat in the Prop-
<br /> � erty, inciuding, but not ]imited to, eminent domuin, insolvency, code enforcement, or arrangements or proceeu-
<br /> ; in� involvang a bankrupt or decedent, then Lender at I.ender's option, upon notice to Borrower, may mske such
<br /> ' appearances, disburse sucli surns and take such action ns is necessary to protect Lender's interest, including, but
<br /> ; not ]imited to, disbursement of reasonaUle attorney 's fees and entry upon the Property to make repairs. Any
<br /> amounte disbursed by Lender pursusnt to this pnragraph 7, �vith interest thereon , shall become additional indebt-
<br /> edness of Bvrrower secured by this �lortgage. Unless Bonower and Lender agree to other terma of payment, such
<br /> { amounts shBil be psyable upon notice from Lender to Borrower requesting payment thereof, and shall bear inter-
<br /> est from the date of disbursement at the rate stnted in the Note unleas puyment of interest at such rate would be
<br /> i contrary to applicable law, in which event such nmounts shall hear interest at the highest rate permisaible by
<br /> ,._ ` applicable law. �Tothing contained in this para.grttpl� 7 shnll reqvire Lender to incur any expense or do any act
<br /> hereunder.
<br /> �. { 8. Inspectioa. Lender msy make or cause to be madc reaconnhle entries upon and inspections of the Prop-
<br /> erty, provided that Lender shall give Borrovver notice ��rior to nuy such inspection specifviug reasonable cause
<br /> - � therefor related to Lender's intereat in the Property.
<br /> , � 9. Coademaatioa The proceeds of any award or c1aSm for dntnsges, direct or consequentisl, in connection
<br /> r � with any coa�demnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemna-
<br /> tion, are here6y assigned and shall be paid to Lender.
<br /> . t In the event af a total taking of the Yroperty, the ��roceeds shull be applied to the sums secured by this Mort- �;
<br /> gage, with t3�e excess, if any, psid to Borrower. In the event of a partiat tnking of the Property, unless Borrower - ;� �
<br /> and 3.ender otherovise agree in writing, there sliall be applied to tLe aume secumd by this \3ortgage such propor- , ;? .
<br /> tiou .af the proceeds ss is equal to thst proportion which the nmount of the sums secured by this �Iortgage imme- ` - `r� � , '
<br /> dia.telyprior to the date of taking besrs to tl�e f�ir market value ot the Propert�• immeditxtely prior to the date of r ;. `; �;,
<br /> `� talnng, withc the badsnce of the proceeda pIIid to Borrower. � `
<br /> If the;ProperEy is abandoned by Borrower or if after notice by Lender to Borrower that the condemnor offere + ;.� '
<br /> � ,� �
<br /> ;y' � to make an �ward or settle;s e�nim fordsmages,Borron�er fails to respond to Lender within 30 days of the date t :>-�:
<br /> „ , of �uch. not�o„Leadec, is suthorixed to collect aa�d apply the procceds st I,ender'F option either to restoration or '" " '+� ` '" `
<br /> ^ , � repair of th� Prope�ty or toShe suma secured by this \Ior6gage.
<br /> �Jnlees I.enderand Borrower othenvise agc+ee in writing, any such apulication of proceeds to principsl shall
<br /> � �
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