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<br />£.£'.3~~~A' I ~a'~p."', k~ .I~'-r'~w a^~~3',"~'6 '.. _ -..~s,s3, -.~ ,.. -.:.e-?s'i~ ..°,.+ a. .[ at~i ,,., ~' .':11'r :1 i': a!tEPt !1
<br />4 ~. Qries.;,irss, far+rrsa>rr.- n.sm..:~v ~. to:e= sta~aaarr*r: ~ and nt~r- r*,ar~+-~ haze ar.d ima~oaitrar.~ attrib-
<br />~ ;~ :,z•~-; 1!'-«~,:~~ a-h~ ~r ataazt a t;:~-~r-,sy o~-~ ~iz:• ~fortt5~e. ark gro~rescl rents. it airy, at I.ouder'=
<br />~trer r.. rte .,',r,~aierr~er prvvrd!•t ~s'aer i,ra:agia{±t; 2 ?r@reo€ or i,y Borrmrer =naktng payment, when due. directly to
<br />~ the payee t}rwrunt~it. Bornrwer 1' pnsmpol?• turn~h to 1.@ader xti notices of amount.. due under :his paragraph,
<br />and i€ ttse eroer:t Homnrer shat! r."zaite ~B}•rr:ent directly, Borrotrcr shalt promptly surnua, to bender receipts eva-
<br />"'f dene~ suc#z paya~rr~ Borrower ehati prat;:tiy discharge any lien which has priority over thin .'.fortgage; pto-
<br />t ' vided, that Borrower shall not ba required to discharge any such hen so long as Harrower shall agree in wrtting to
<br />•`~'-+ th@ paymer:t of the ob#igation secured by such lien in a tnanrrer acx~ztxble to Let:der. or shall in food faith coat@st
<br />welt lien by , or delete enforcement of such lien in. legal proceedings which operate t9 prevent the enforcement et
<br />~ 4w lies or forfeiture of the Property or any ;tart thereof.
<br />S. Heald Ltwreaaea. Borrower shall keep the improvements now existing or hereafter erected on the Prop-
<br />erty iottnred spinet loos by 5re, hassrds included within the term "extender! coverage", and such other ktaaardr as
<br />Lender may regtrirs and in such amounts and for such periods as Lender may requite, provided, that. Lender eltatt
<br />not require that the amarnt of such coverage exceed that amount of coverage required to pay the sums saeured'by
<br />this Itfartgrige.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lmtder;
<br />provided, that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid
<br />at Leader's option in the manner provided under paragraph 2 hereof or by Borrower making payment, when dee,
<br />dirediy W the irtaurance carrier.
<br />Ta the eaett any policq ;s mt censored as or before tea days of its sapiration, the Iwsdsr. to prnbset
<br />ib iatnset, may procure irNUrance rte the improaemenb, p.y the pramiems and such scan shat beosoa
<br />i~ietely due asrd payable with interest at the rate set forth fa aeld Hobe tmta'1 paid sad chap M
<br />scoured by this ortga~e~ I$ailttte by Borrower to comply slay, d option of Leander, constitute • dsfiaalt
<br />rmdsr ~e tetras ofM this Mortph+e.
<br />AN iawtertce policies and renewals thereof shall be in form atxrpcahle to Leader and shall ioclede a atarrdatd
<br />> ¢laure in favoc• of and in Sorm aexptsble w Lender. Lender shall hays the r'igiat to hold the pogaias sasd
<br />rtmswtrls thtu+eof, sekd Borrower shall preterptiy furrt'ie6 to Ltmder ad rarrewaf rrtttioes sad art rtreaiptr of ptrid f~
<br />miuars. lit the event of loss. Bor'ruwer shall. give prompt notice to the inenraaae carrier sod Lander, asd l+rtMirr
<br />may saaltp proof an lose it not roods promptly by I3ar:rrwtrr.
<br />tTeieas Lt:ader and Borrower otherwise agree in writing, itmatranae pttrceedr shall ba appLiad to era as
<br />repair of the Property datna`ed, provided such restoration or npair is ac~+ontically f@asble anal tMa esolWtity tort
<br />thix Itf~ettq~e is trot thereby impairer!. It sttc#r netonticn or repair is not eeanomieailp tastable oar i1 clra ssssfrYyF
<br />of this Idertpge woufd be impairwi, t~ insurance proceeds shall b@ applied to the somas secured by tkirt fie,
<br />with the asaear, it any, paid to Borrower. If the Property is abandoned by Borrower or if Iiorrvwer fails m wgard
<br />Co Leader withut 34 days after notice by Lwrder to Borrower that the imuntxe earner oAen to settle • eiarat ire
<br />iesaasnee beneflb, Leader if atrthetised to collset sad apply the inaurauce proeeeda at Lender's +apfaoa aMiMe w
<br />restoration or repair of the Property or to the sums second by this alortgsge.
<br />Uelass Lender and Borrower otherwise agree in writing, any such applicatiwt of peveeeda :o pritettpai aira8
<br />rcpt erRmd or postpone the due date of the uwnthly installments n(erreri to in paeagraphs I sad 3 haead or siwewe
<br />firs s ~ emit iasstsilaoartta.
<br />II ttedrx paradraph 16 ltertsof the Property is aequirtisi by Leader, ail rigint, title ate iet'arvrt e,t ~ dr
<br />and tm say irrssutaca peliorlaa and 'ta aed tm the proessds thereof i tee the entcat of flu! ruuuas sae-acted Err tits Irgwifk
<br />t iataly prior to sugla efts or sequi~#ior} i rt~ultit~g fnan u; t,k~ I?~ se w
<br />colon airs!! pars to L~ittr.
<br />+1~ ZrSwuaa~iua card itfaASsisernattrr rtl lhsrlpastYr Leswirai~ir ~+ewdiosefoacrtsc. ~rrsrsrsr si~ya;i kt!tt' tiMt -
<br />nty is good :~,ir and shall nt:t ;~tmit m tt,:ttt@, , patrtt@: t ,~r de}srz„rat;;A.= ~ ,~ f`-;~~,-t; '-. ~ -,:ill
<br />Y wife the proviai+wur of say lease, if this lfortgagr is"uu a lhulzi. I f tlz~s :tl~ ~ ~ a
<br />tmtit, Bertowtrr slmli perform all of Borrower's obiiptiona under titr• deciaratton of eotrrottuaww ~ trearter ,
<br />the >tlr-hrws and regulations of the @ondominttuu pm}eet srx~ conetiiucnt doeumrrau.
<br />9. IRtetcolleet d Lander'a $eetvilT. 11 Aorrower tads to performz the eavenantn and ~Tts cgrttetaa! et
<br />tfsie Mme, or if any action or protMeding tr coa:menced which nuteriaily alSects l.en,ier'a tutwat us ttrt !'rap*
<br />eel.}, ipaludittg, btrt sot limited tG, emtaant danaam. tnxolvrncy. codr rnfureeernt, ur ~a .x pt~a•ree•t-
<br />igOr involving a bankrupt or decedent, then Lender at l.endrr's option, upwz twtur to Hurruatirr, mar ttaalte wed
<br />aypaaeswow, diabstrse such sows sad take such aetiaz a• r. i+e•~e.rary to Qnw.Ft Lea.isr'• aste•wr„ >~i.t3ettg, (wet
<br />apt tc, dhbursemeet of naatx-sbie atttrrney's fees tad entry upon the F*ropett-y to t~s rirgi~ Arty
<br />aarpWrta dietnrrwd by Lender pursuant w the paragraph Y, with tntdrest tituwus, dtrli t.,ts®wte arMitttetrat te~4+ltt-
<br />edears ~ Borrower scoured by ttis Riortgage. Yiniasa Borrower and l.etxler artr+'s' to ether farms ut tra,+wat, swdt
<br />anrotmfa shall b@ payable trpon notice form I.ertdrr en Borrowrr rrquar,utK t++rlryuent tttere!et, sad si-ali boar xaiw-
<br />ed from th@ dale of dubursement at th+e rat+: .rater! to tttE tiotz uutess p.ytrsrnt .~a tuterest at -ueli rats ,sswid M
<br />CaMsary to applicable lrw, in whi@h event such smottnts atoll tx!wr tnlerwtt at the h rate pterm~t by
<br />law. ltlethwg apptairsed m t4is paragraph 7 drail ragtrue i.astdrtr to rtrstr asy egnnn +rr is ash asst
<br />f. ~ Lsedsr rtuty males ar tame b he reads teasaaabk sntrira apra seal iesspaaYSrrr of ~ f['wF
<br />~T. pmovtced ttttt Calder strait lpve 1lorrewer notate y:rHtr to sup such ttutrteetraa grerrtxfng ~ @aawe
<br />t tvlitsd' ~ Lsadar'c ieterpit, is the Ffapea6}'
<br />f. CpattisnrlMo. The prearais at any award or elatat far dasaegas, diaeta or wewsatwcrtttd, pr usrtretllte
<br />wish + ~tiaa or tytltse taking of the PneQerty, er ;,art ttureat, or for eaeveraaear m !tart of euedss>yr-w
<br />Wr, ~tll~ aswgaed sstdsWf bs paid to Leader,
<br />Ia the event of a farce! fairing of the Ply, the proceeds ehali he appiicd b the taaar •ee+ned by ttris ~act•
<br />tlta;tf?er> if a:. paid ut ice. Iu the evmtl ~ a p t+tltkrg ~ ~ ~{F" traiass
<br />4dAfiM agltss is artifinR. there pirait bs a4piisd to the tatws etetatsd by tkir lttaryagc tttseh ptaper-
<br />tiflaadthe pttrsecda as ie atpral b 4ira~ paperatios ttrldeh /ba areerttt of flea assts accwad aY this ilfoetpgs iaateae~
<br />d I-tsier tar the data of taking Irarsa is tiro Lair taarit~ nlm aF thtt Freperiy imreediately prier to lira ,'
<br />e~Mtii~t~ ~ tlr pnaasdr•p~d to flaw.
<br />~tfes~ aheteiawl.by l~srara+rep or it sdMts.ealiae by trstrdar„ to fleerewar twat the oawdameer talhn
<br />to aii~is as ateagd>ra eaaFdh a also-~rF~Baerawr iahr m t+rep_ cod to l.aodor withal afi days of eha daM
<br />of 4; f la aeihasiscd tv aalleet apply thr ltraoeatfs st Leader's option lath@r to ~restorarxm m
<br />' ~ the Ante tlltlaeca~tty ~ltie ~etegp~e:
<br />Unless Letidga' amt Borroti<-et' ttWtersrise agree in writing. any such application of procecv.in w vnt,ctpa! .hall
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