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If under paragraph 18 hereof tlae Property is cold or the f'ropert; is otherwise acquired by Lender; Lender
<br />~hatl apply, na later than itnuiediata{y priar to the sale c,€ the Pro{wrt,}~ nr its acquisition by Lender, ;any c'untis
<br />held by Lender :=t the time of ap{?liea~?oa ~ to rtdR :age?nst tlas ~, ut - =ucuroil by ,his 1ortgage
<br />3. Ifgpliccrtiaa a€ payrnonts. Lnle.< ap{ hcabk bier p?•ovid~ otherwise, all {ray?nent^s rer?;iced by Lender
<br />under the i`;ote and paragrap hs 3 ~ nd ? here=?f shall b,2 atpplied by I,cndc~r first in payment of amounts payable to
<br />Lender Ery Harrower under paragraph 2 hereof, then fa in#ereut payable i)n the '_Vak.e and an Future dvanees, if
<br />as~v, ;foal then to the {xrineipal of the ?vote and to t-h2 {?rinEripal of Future Advances, if any.
<br />~, Charges; Cletus. Borrower shall pay all taxes, assessments ant{ ether charges, fines and impositions attrib-
<br />'~~ utahte to 'the Property which stray attain a priority aver this llartgsge, and grauud rents, if an}•, at Lender's
<br />option %n the manner provided under paragraph y hereof or by Harrower tnalcimg payment, wheat due, directly to
<br />~; a?... ,.~„moo .t,~~~.-.t rtnrrnw2- s?=all nrarcctli tiantish to I,cader all notices of atncxtnts duc• under this paragraph,
<br />- .. ~ rte, ~-° -~__ _..-- ------ -----~ -..
<br />'~"~ and in ttte event Barratser shat{ satakc payntexxt directly, Borrower sl?ail promptly furnish to Lender receipts evi-
<br />dgneing stub pa}=meats- Borrower shall promptly diselxarge <•tny {en which has prim°ity aver this cio:,,gage; p-~o-
<br />>~ v ided, that Borrower shall net be required to disehat°ge any such lien so long as Borrower shalt agree in writing to
<br />flee, p;ryment of the ebiigatian secured by suelt isen in a manner acouptal:?e to bender; or shall in goad faitlx- contest -
<br />~ seta:; ti€rs t,y, ar defer d cnfarce,.aent of such Iipn in, {egal proceedings tiltieh operate ko prevent the enforcement of
<br />the liar. or forfeiture of the Property ar any {?art thereof.
<br />5, L•icrztgrd i~urcmeo. Borrower shall keep fire improvements now existing or hereafter erected an the Prop-
<br />erty insured against leas by fire, hazards included within the term "extended coverage", and s=~ch atleer hazards as
<br />Iender may require and in such amounts and €or such periods as Lender mai• require; {srovided, that Lender shall
<br />,_ net reouira that the amount of such coverage exceed that amount of coverage required to pay the sums seeured'by
<br />'this iviortgage.
<br />The insurance carrier iaroviding the insurance shale be chosen by Borrower sutxject to approval by Lender;
<br />provided, that such approval shall not be unreasonabi}• withheld. X11 premiums on insurance po{ieies shall be paid
<br />at Lender's option in tl?e manner provided under paragraph 2 hereof or by Harrower making payment; when due,
<br />directly to the insurance carrier.
<br />In the eveni any policy is not renewed on or before ten days of its expiration, the Lender, to protect
<br />its interest, may procure 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 ants' shall be
<br />secured by this iLfortgage. Failure by Borrower to comply naay, at option a# Lender, constita~te a dPfa=_It
<br />under the terms of this ls+fortgage.
<br />~Il insurance policies and renewals thereof shalt be nt form acceptable to Lender and shall include a standard
<br />mortgage clause in favor of and in form acceptable to Lender. Lender shad pace the right to lrotd the jolicies and
<br />renewals thereof, and Borrower shall promptly furnish to Lender alt rene;•ral netices and all receipts of paid pre
<br />nziuns. in the event of loss, Borrower shall give prompt notate to-the insurance carrier snd Lender, and Lemler
<br />may make proof of ]ass if not made pramptty by Borrower.
<br />Unless Lender and Bu*rawer otherwise agree in writing, insurance {:raceeds shall be applied to restoration or
<br />repair of the Property damaged, provided such restoration or repair is econoutieally feasible and the security of
<br />this yortgage is oat thereby impaired. If such restoration or repair is rot ecanum?rally feasible or ii the security
<br />of this tortgage would he impaired; the insurance mroceeds shall I;e applied to thc+ sums secured by this i>xortgage,
<br />?with the exeess, if any, paid to Borrower°. If the Properly is abancia=_ed by T,3orrower cn• if Borros<ver fails to respond
<br />to Lendsr within 30 days after naiice by Lender io Berrawer that the insurance carrier offers to settle a Clair `^~
<br />insurance benefiis; I.xz•~1=.r is authorized to collect. and apply the is?snranee proceeds at Lender's option either tat
<br />restoration or repair of the Property or to foe sums secured by this ~lartgage.
<br />Unl?+?.: Lender anti Borrower oshenvise agree in writing, any suet; applisatian of gracea:s to p ncipat shall
<br />not extend or postpone the due date of the snonthir installments ret'erred to in paragraphs 3 and 2 hereof or ol?snge
<br />tine arnouni of such instathnents.
<br />3f under paragraph 38 hereof the Property is acquired by Lender, all right, title and interest of Barrorrer in
<br />and tt? any insurance policies and in and to the prac?eds ttaereaf Eto rite extent of the sums secured by t:isis ;~iort-
<br />gage immediately prior to such sale or acquisitiont resulting fxront damage to the Property priar to the sale ar
<br />acquisition shalt pat. to Lender.
<br />w- ~.y~an ~d A2aiaaten~ice :+f Property; Leaseholds: Coadorniainms. Borrower shalt kasp the I*rap-
<br />erty in good repair and shat? not r= ;-emit or commit waste, impairment, or deterioration of the Pro{.>arty and shsl3
<br />comply wiih :ire provssions of any lease, if this 33ort.gsge is on a leasehold. Ii this ortgage is on a condominium
<br />. r - ~'-o-_ u ~ wt rte..,-.>, ., n„F<,_,,, . .
<br />unit, Bonawas sltaii pe~arn? ati ai o.~awe ~ cuig°° -,_ odor s...° d° a ..~..,.. of :_,.nda.......__._ ,- *_*.~t?r dam,
<br />the by-laws and regulations of the cortdominiut?r project and constituent dacumenta.
<br />7. Protectiaa ai Leader's Security. If Borrower €aiis to perform fire covenants and agreements eontainetl iss
<br />t15iS lortgage, or if any action or proceeding is ca?nn?enced whisk materially affects lender's interest in the Prop-
<br />erty, including, but nai limited to, eminent dan?ain, insolvency, Cade enforcement, car arrangements or proceed-
<br />ings involving a bankrupt or decedent, then Lender at Lender's option, upon ratirc to Harrower, may tnske such
<br />appearances, disburse such sums and "take such action as is necessary to orate ct Lender ~ inter?St, including, but
<br />not limited to, disbursement. of reasonable attorney's lees and e^.try upon the Property to crake repairs. Any
<br />amattnnt~ disbursed fay Lender pursuant to this paragraph', with interest thereon, shall b.-£eme additional indabt-
<br />edness of Borrower secured isy this 3T_origage. LrnIess Borrower and Lender apace to other terms of payment, such
<br />amaurts shat[ be payah{e upon ratite from Lender to Borrower requesting payment tltereaf, and sh alt t>nsr in'ar-
<br />estfrom the date of diseurement :ai ise rate stated in fire tide unless paynxent of interest st such rate would be
<br />contrary to apeticante lacy, in which event such amounts shaft bear interest at the highest rate permissible by
<br />applicable law.'fottaing containei in this paragraph ,F si!all reauire lender to incur any expense or do any act
<br />heSeundeF.
<br />g. ~etioa. Lender may make ar cau.~ to ise trtartc reasoaalrte entries upon and inspections of the I'rop-
<br />•, p vv;ded than r..ender sl;all give Burrower notice }=rior to amy stsoh inslceiion specifying reasonable cerise
<br />thezefor related tar Leader's interest in the Property.
<br />9, rmaaiioa. The proceeds of any award or claim for damages, direct ar consequerstisl, in eanrrsotiori
<br />wztdt any candernnatian ar ether taking of-the Property, or part thereof, or for canveyati,~e in 1'teti of condecnria-
<br />titan, era liera:by assigned snd ¢httll ire paid to lender.
<br />In rite event of a rater taking of the Property, the proeeaits shalt be applied to the stuns secured by this-b3ort-
<br />e, ~•ith the excess, if any, itaid to Borrower. In the event of a partial taking of the Properly, unless Borrower.:.
<br />arsd Lezider afltertY agree in writ"tog, there shalt lie aplslied to the yams secured by this Mortgage such prnpor- -.
<br />flow of the proceeds as is equal €a float proportion which the amount of the sums secured try this Vlat°tgage irnine-
<br />•diatt:ly priar to the dais of taking lacers t4 tire.fair rttarket i-rtue of-the Prnperty irnnzediatety prior tea the date of
<br />.taking, with #7iee Iralarfee qa the proceeds paid io Harrower.
<br />If 6he 1?9p°rty ?s ~Ganderxed by ~'=rrotver or if-.after ncitice by Lender ica Bormwer that ttte condemnor offers
<br />to nx~tce an awaa:d tar settle a darts far d~misges, ~ortrower fails tc-respoud to ,'.ender within 30 daps of the date
<br />of su€h notico, _Z,enaier is authorized t.o coltAet and apply the-jarocQSds at Lender's option eitirar to restoration or
<br />reptiir of-the Pzaperty.or totlt~ slims secured by this 3tiattgage.
<br />~isilees Lender and Bormwer otherwise agree in writing, any such appticatton of proceeds to principal shall
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