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<br />at?,d it ye ~ -Prtt Brrra~xer s:~il tt ~ ;~ ;:_ "t ~ i. , Ba -~ s T o 3# + , .: w; I,en-c r e atV; ev
<br />denci" ~. sure }zay~ven>ts. Barsawer na r parr'ir~ ,~.,L,.,rgc ~+: F _~, r:ltn . _ ,nta.nt, over r=t ?~'(r a..ge, pra-
<br />>~ided .n ~ ~~?- r~-~-~ -'.a..' at >~e refr~:i; ~r~ *f , ~- r--e :.. s• sic ~-r " .n ,;ar*`~-s~ ~ a" a" -ce ~ritirg tc
<br />,mss Ftnspa~. a n" -' t: a ,agaEian ~~ttr,3a ~, ~- ax~'# t :t: ~;- ~ I ~ x er.•~ hs .. acxf -isst?t eonte?t
<br />such ? en ~~, ar rl.ig,,d eafare-ement of =+~c't~ :re.t Ir., Ie ,,ro_ecst,ng., .~-ittec rne.atn to pre:~ant the enfarcetnent as"
<br />rho 2-,; r£e:~.-rr- r: ir;a -rro-rrv ; F' ~-P`-' ;f~?`t. t_i;~rra~z. -
<br />f a, ~_azrerxs iastar~aee, Bcrrawer slla?i k~l, tt;~- i?n;;ro.ertl~n=_;: r,,.r ~s;_ir,_ ar nnrFafter erected ar the I'rap-
<br />s ~ crey r*+lured agz~tnst Iris l;y fire, haz d~ _netuded ~_t: six tie to '`_cr,~e€' cave age - a .d such ether hazards as
<br />} ~ Lender racy real;:re and to sucl-~ atnoustt.. ar.d :a. _,tcit ,aria:YS s., I. rder eta. regaa .., praeided, that Lender :hall
<br />rsat i•e~uire that t`rae am~nuni ai such corerage ~xceexl that anna3rt as" coverage inquired to pay the sum; secured'hg
<br />.. tais ?vlvrte.
<br />The insurance carrier pravidirg tit;: insuiattce wall he chosen by Borratver sut3ieCt to apprUVal Isv Lender;
<br />provided, that such approval sh9II not be tmreasanably wiihheld. ,ill premiums on insurance }rolicie.~ shall be paid
<br />at Lender`s aptzel, I*.: thin manner p*avtda>d under ;,aragrapl"t ~ Itereoi ar by Barret:-Fr rnatizno payment, :when dare,
<br />d-at~tly to the it}suranee carrier.
<br />In fife-avant any policy is net renewed on ar before ten days of its expirataan; the bender, to protect
<br />its interest, may procure insurance on the improvements, pay the premiums and sucfi sum shall become
<br />immediately dne and payable with interest at the rate set #orth in said note octal paid and shall fie
<br />seeurecl by this A~Iartgag~z. r allure by Borrower to comply may, at option of Lender; Cott.Stitutg a dQfr+al±
<br />under the terms itf this- ~tortgaga:
<br />ill insriranee po3ietes and renewals thereof slrall be in form aceeptah}e to Lender and shall include a standard
<br />mortgage clause in fa,lor of and ir, form aeeeptable fa Lender. Lender Shall Ina:-e the right to !told the potiai~ ..nd
<br />- - "'-~ttssciurf r...a-vvi vacs Shalt " "•r'r' fu°ich ,,. I,erid@r ^Il-'° "'^I-•..• ^^d °t} ,••,~•, ^f °"t
<br />cucwaia , nt - wz ., pa..: y' c=
<br />miums. Irt the event of lass, Borrower shailygi.e prompt notice to the insurance carrier and+I.ender, and T.eatder
<br />may make proof of loss if not. made promptly i}y Borrower.
<br />L?nl~ I.attd;~-and Lorrower ttth;atvisr agree it: writing; insurance praseads shall hp appli~t to res€nratisn ar
<br />repair of-the Property dattraged, provided such restoration or repair is economricaliG feasible and fire security of
<br />tails it#artgage is not thereby impaired. Ii such restoration or repair is not ecamamiccslly feasible or if the security
<br />a€-this ~#ortgage trouid be impaired, tie insurance proconcis shad l}n applied io iha Burris seeurec# by tam B.iortgagn,
<br />bvsth Lhe excess, if any, paid to Harrower. tf the Yropes•ty is abandoned by Borrower or i f Harrower fails to respond
<br />ta-I,~i}der within 3f} days after notice by Lender to Borrower that the insursrice carrier offer to settle a claim for
<br />insurance laene&ts, Lender i, authorised to collect and apply 4he insurance proceeds at Lender`s option either to
<br />restorati~ti ur repair of the Property or to the sums accrued by this Mortgage.
<br />I7nlese Lender and Borrower otherwise agree in writing, any such applicaiian of proceeds io prineigai shall
<br />rat etsd ar p~pone the due date of the monihly installments referred to iat paragraphs 1 and 2 hereof ar change
<br />the smonnt of such- installments.
<br />-Ilk unver-paraph l8-hoof. tare Property is a~.~uired by Le~ler, all right; title and interest of Borrower i3
<br />~d tan ~,y> >:~nr~ ntsti~i~n end in r~nr{ t~ t~~ pr~rteas~c~xherAUf !tn t}ir .~xtar_Y_ of the ary311c *?oCt1r~3 ljy2hc ~4nrt
<br />gam imtnedistely prior to such sale or act}uisiiioni resulting from ciaenage to rite °raperiy prior is the-sale ar
<br />acgui>sitiixr shall paPS to Lender.
<br />~ Yaea~rv~iiasa ~-a*I~i$incrnw- of rrtsg~sriyr ier~calds; €.cuuiorttirawss. csorrotver sltal! Aeep the- Prop-
<br />.. - -.] -.L it ~ t - .. e d e tk,~. D~...~~y. n..~ aL~,.il
<br />j ',t` g..~'L' ~Y-_ I .:i;:- Y t u%__pa°r:ns a~~n?i$ sT ~-t~ _p ~?°'°=__ __ ___ '+` __ _ _ _ _
<br />~s~taly with tine provisions of env-Iease, tf this _lfarttzaee •IStan a leasehold. If tit t. tiforieage is on a condominium
<br />- unit, Borrower shall perform all of_Borrower's abligatiaus under rite declaration of condominium or master deed,
<br />- -- - - -
<br />t~e by 1:iws ~ndr~ulatxons af.tlie eandaminiinm proeci cad ranstituert documents.
<br />17"retes#ioa of T:aader-s Security. If Aorratser fails to perform t.lre covenants and agreements contained in
<br />tdtis 3+IorBgage; or if any action ar proceeding is commenced which materially affects Lender's interest m the Prop-
<br />- etty,sncluduig;bzit not-limited fo, eminent domain, insolvency, Cade enforcement, ar arrangements or praeeed-
<br />inga iavolamga-""bankrupt or dE€edent, then Lender at Lender's option, upon notice to Borrower, may make such
<br />appearances,-disburse such sums and take such action as i~ necessary to protect Lender's interest, including, but
<br />tioL timit~ #.a, distrtsraernent of reasonable attorney's fees and entry apes. the Property to make repairs. >~ny
<br />atnostnts disbursed by Leader pursuant to this paragraph 7, with interest tttereon, shall become. additional indebt-
<br />edneas.of Borrower secured by this Mortgage. iJnless Bon•tower and Lender agree to other terms Qf payment, such
<br />atnottaia shall''re payable upon notice from Lender to uarra~ver ret}uesting payment rite Hof.. and-shall hear inter-
<br />est from the~.atx of disbursement at the rate stated in the Note unless payment of interest at such rate would be
<br />c~trgty to sgplicable lau•, i?r which eveni such ame.:nfs shalt bear interest at the highest rate pertnlesible by
<br />a~ilicable law. ~iatlziag contaittesl in this paragraph 7 slratl require Lender to incur any expense or dtr any act
<br />h~_ ea:
<br />won. Lender may snake or cause to he nnadc reasonable entries tipan and inspection& of the Prop-
<br />etGy; pro~rided That ~udex sha}1 site &trttro~wer ztotice prior to city such inspection speeifyistg reasonable raves
<br />flierafor rclateil to Lender's iiitez'est in th_ a Frapercy.
<br />°. C,.: -~;~.:~:sv.-.. Ttaa Nr °,° of arty- r,;: or it~imizrrdg~s direct or:ss_:t~quea*„ssi, its n>.w^n
<br />- with ctny condemnxiion or othe* taking of the Progeny,. or part thert~sf;-or-far con:-cyance in lieu of cc~demns-
<br />_ _ iio'i, are herby assignrzc? and shalt be paid to Lender.
<br />In fliQ event. of a total taking of the Fro}ttrty. the pracee3a shall lic app4ied to the sums secured by this Ivfort-
<br />:°-ta ;with the excess, if an}•, p9irt to'?orrc~t er. In the Ptent-ztf dial-takof-#Ite $ropet~, unls~s°$eigo~ter
<br />arid-Lauder atiterwise a}~ree in ac"titles, there sllstli be sppli~t.td the sofas r>ueui'eai by phis ;mortgage-such ptopor-
<br />tioti of tl;e„proceeds as is equal to that proportior. which tUe_ antouttt of the «+nic soured by. tlnia IutorGgage imme-
<br />dir~te?y prior ld~#hp date of taking heat's to Ehe fair market :=slue of the Prvpei~ty itnanediately prior to-Else date ttf
<br />tnking~wif#ithsltal~iacevf the pr4c~ds €st.id to H~±+•roRer.
<br />rs vuC lap:.., S< a"~ .n _:f: f.. I-.a
<br />nom`-'ty is a udcn~ y of vac. a r. ter nutl . Ly ~„~; tt~ -raw'vr-that the oondem;icsr cues
<br />to mane ors sssard or-settle a claim for cistnsaes, F3orrawer fails to respoatt to Lend~c-within ~Y day_ s hf rise-date
<br />of €nch mat3ce_ Lender i4 auGhsriretl fo crallec4 -and atn:~v tliF i>rr~Peds at l.gatd~t's aptian either i_o restctrataan ar
<br />raaair of the Pratierty ar to thn 'J.tnts secured by Lh;; llart~aue.
<br />.+« 7 ~riwt Win.{ tZn__ - uprn!! n i~ dar.u. i., i{inn. ~ v c,~nk ann}ia+atittn -nf nxnrarrla to rirsnriiial shall
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