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It EuecfE°r par:i~rapi~ It± i;frnw~t ;h~~ 1'ru{K~~tt.w :• -o~,~ •I~~ f'm;,ert~ i;. stn+ns:-. , y: ,.- ,. 1.,-~,~i•~+~ ,~ ie~r
<br />.Mall apply, no late.~r Cl.:xr unmrri:ately prior Gu ri,o -., ,, .; tau. t'rujx~rt-.' ur ~t- ar~.l~::>itn7r i~~ .., .~,,r=r tinti~ H~„~~+p•
<br />field t7y Le•ruder at the tune of spplirstiuto ~s. :. .ratif:[ aytu:n~r tin .,;ir.~ -,rirr:-d +n~ r},~r '11,~^ia,
<br />3. Application of Payments. L?r€Iw~t.• x{>Islcat,le isw trrovtrirr othet~+~i~:~, :all pxvm.•r:t> re,-•:n~:,~ to Lender
<br />ender thrr ""Carte and para(;rapl~ 1 and ? laereot nhs!1 6e np!~liezl by Lrrular ti*~t t^ hay+nrnt „i uutx,;ui=- t~ayxble to
<br />Ixnder by Borrower under paragraph 2 hereof. then to intercat l,ayahk un ti,c ~vtc :uxi un Future .l~:vsnces. it
<br />any, and then to the principal of the Motu end to the prncipaa! of Future advances, if ary.
<br />4. C3atgoa: Lions. Borrower sliali pay al! lanes, amaesstnents and other chargra, fines xrd impositions attrih-
<br />utRbk to the Property which may attain a priority over this l~fortgage, and ground carafe, if any, at fender's
<br />option in the manner provided tinder paragraph 2 hereof or by Borrower +naking payment, when due. directly w
<br />;~ the payee thereof. Borrower shalt promptly furnish to Lender all noti..x of amounts +lue under this paragraph,
<br />~ sttd in the evert Borrower alwll make payment directly, Borrower stall promptly iurniah to Ixnder receipts evi-
<br />r denaiag atieh payments. Borrower shall promptly discharge any lien which has priority over thin yortgage; pro-
<br />Q vided, that Borrower shall not be required to discharge any ouch lien so long at; Borrower +hall agree in writing to
<br />t= the payment of the obligation secured by such lien in a manner actxiNSble to I.emfer, or shall in good faith oorttert
<br />.,~ cosh file by, or defend enforcement of such tier. in. Iegai proceeding. which operate to prevent the enforcement of
<br />' the tbo or forfeiture of the Yroperty ar any 1>irt thereof,
<br />~ S. ldaanrd toatroatce. Borrower shall keep the nuproven,erits now ex+sting or hereafter crzeted on the Prop-
<br />arty insured agairwt lase by fire, hazarr:s included within the term "emended coverage", ynd such other hasarda se
<br />under troy requiro and in such amounts and for such periods as Ixnder may ttquire: provided, clot bender ttball
<br />net nsquite that the amount of bush covengr exceed that amount of coverage .squired to pay the sutras secueed')r7
<br />` this Mortgage.
<br />The ituutance carrier providing the insurance shalt be chosen by Borrower aubjeet to approval by Lender;
<br />provided, that cosh approval shall not be unreasonably withheld. All peemittms on insurance la:ieies shall be paid
<br />st Lettder's option in the manner provided under paragraph ? hereof or t,y Borrower making payment, when due,
<br />dirsetl7 to the insurance earner.
<br />In thr ewer any policy is not rrrtewed oa or bstarcs tan days o! ib ettpiration, tM I,andwr, to psulaet
<br />iu inbttsat, m.y procure inwrance on the imptoverttenta, pay the premiwa and truth rum shill broaaa
<br />iranoediably dw and payabir reith intreaat st the rate set tooth iia said note wail paid aril aM11 br
<br />sscarsd by this Mortpp. Faihtre by Borrower to trotnply may. at option of I.mder, amstitttte t dafanlt
<br />ttudsr the bans et tAia Mortgage.
<br />AU itrurartee polieis sail reetewah thereof shall be in form aeceptabk to Lender sad shall include a sbadaed
<br />oiatrse is favor of nail is fora seoeptable to Leader. f.2~tdcs shaft have , he ri~tt to hold file prllsiss nail
<br />trawaia theeeoi, sad Borrower shall promptAy ftunbh to Lender all tettewal notices and all tsoai{Ms of paid par-
<br />miuw. Ia the event at fors, Borrower shall give prompt notice to the insurance irriar and I.eadst, and Lsndu
<br />tax teakr pt~oof of leas i( trot made promptly by Ba~rmwer.
<br />Unless Lader and Borrower otherwise agm in writing, inwnnce proeteda shall be applied to rosioratistt s
<br />repair of the Property damaged, Provided such restoration or repair is economically feseibk and the security of
<br />ikis Motlgys m ttb, thereby impaled. It such rttatoration or repair is not ecorwtnintlly feasible or if the security
<br />of /Ills Mat+tgage could be tmpaind, the tatwraoee hroeosds shall fir applied to the sutnt secured 67 this Illptrl/r,
<br />wNh the straw, ii any, paid to Borrower. it the Ytq+erty is abaadandf t» Borrower or if Borrower fait to tasepand
<br />p Lsodsr wNhia 36 days after notice by Lender to Borrower that the uieurauce carrier offers to sottle a claim br
<br />iasuraoos bsne$ts, Lender is suthoriaed to sollset sad apply the inwrnr-ce ptoeesds at Lender's option eitLar b
<br />resttteation or repair of the Property or to the sttaas aeettred l.y 'hw \lortgage.
<br />Calw Lender sad Borrower otherwise agree in writing. nay wch ;,t,plieation ui proceedr to principal shall
<br />ttrt sped ~ poatpotut the due date of the tnanthy itistallrnenu referred to ,+, paragraphs I and Z heteoi ae change
<br />till srnsttat of such iad~sata.
<br />It tta~r gtteageaph ld heseot the Prepestq s aegairorl by I_rader. sd r>$ht, title and inbratst of Boneteer at
<br />and to nay insurance poluxs fled u sad tit the pteesnis thrreat tw the tattent of the rums secured by ttis Mert-
<br />~ immsdistely prior to snob .ale or sequirititia+ raruttiug fron, :trinage to the Property prior to the oafs air
<br />aiaa shah panty tc Leader.
<br />•. 1lseasees~n smd at tisepwtT; l.sirwelseida: Caademieiuot. Born.r~cr s,rli kret? t-h,= itreg-
<br />~ ua good rsl~+' acrd shat! not petmtt or comrtut waste, +inpaitTrrent, ur dete'rlOlaUOn of the Property and shall
<br />etimpi7 with the provtsmns of any ieasr, +f this \iorrgage +s uu x i-:•asei+uui if tine ~ic;rcgage :s m: a csmdomiaits
<br />unit, 1'~r'eerrs; sited l+Rrfa:ns ail cif Aorrowvrr's r,t,ligat,or„, under ri,a :iKriaratur,+ of rnialomtniun: ,.r toaslar eiserl,
<br />tits by-laws and esguiations o! the eondomituufu protect and cotisutuent doeuiarnen.
<br />7. hrlrs'llss d Latrdse's f3re~reky. If Borrower falls to {,erforni the ruvenanta and agreements eontaettad ut
<br />this MortpRe, or if any action or proceetl+nK is commenctai which materially aflrrta Lender a tntetest to the Prop-
<br />set7, iaeltding, but trot lirattstt to, emweat donisio. tuaalvency. ,•txlr 2r.forccalr:nt.:,r arratigementr or pr~ned-
<br />itti~l iavGivlog a bankrupt or decedent, then Leader at I,endrr'e. option, u{wn notice to H,,rrower, may make sash
<br />apprtraew, disburtre such sums Aral take ouch act;w+ :to i., n.•rt•ssary t;i protect l,endl:'a tuterest, inciudtag, but
<br />art liplltrd p, dtsburssntsat of tessonsl,le attorney's fern end rntrv upa: tht Property p rrtaks ~R Aar
<br />wstmtsdisbutesd by Let«fer pursttrt+t ro etas {,aragrapl+'r. wiUi interest thereon. shall 6eeasne additioarl iadrt:t-
<br />ednw of Borrower seeurvd by this Mortgage Unless Borrower amt [.ether agrn to outer terms of paytaent, cosh
<br />amorata shall be f,avable upwi notice fran I.rmier to Borrower reyuestinK payment thrreot, and -kiall bwr mtsr-
<br />Yt Irani tht fiats of disbutaeawnt rt the ratr .lat~l w thr :~otr uulw payment u! iutotwt at such rate would bs
<br />tooatrarx to appi_cabte law, in which event -sorb amounts shall :,car ,ntertatt at the highaK rate peratasibte by
<br />rppliea6le taw othing containe.t .n tl,r l.aragral>I, ; ,.hall ee.tu,n~ Ixnder to :near any eapease tx do sax act
<br />~~•
<br />~. Leader tar make or catty eo he made ressoeuble entries upon nail iasprstioas ~ tM Pfap~
<br />te'tp; ~ drat l~tt~ier a!`~}! gier f4t+rma:Fr otrr l:rs}~r t±. sty •ttrt; t:ttien sperifyittg v'e~~xx±aAle t~wss
<br />tbrtdar tahttrd to I.etiderL inta>riat tit the Property
<br />!, dadausstaei0r. TM psoseads t f any award or ciaita for damages, direct or roast+gttretbl, is emaratiso
<br />' witk +~4Y restdsutma~ao er etArr taking et the Property. or l+art thereof, or fw ratvsyttnxat is Ilea of cewdewr-
<br />tics, aw karr167 t>~ fad shall be paid W l.earlet.
<br />Ia tM local of a bra! taking of the Ptbpts~rt7, the proeseds chuff Ix applied to the sums scoured by thin IkaR-
<br />gr/Y, wililXs~A~ arty, paid to Brtir@wes; In the ewrtt of a attrfial iakmg of the Prapert7, ups Baerower
<br />aettltariAar pltw iA wrkltog, flues{ tthsit be apptistt to the stttas aecutert t'Y thin ?1lortRags stroll ptvt~or-
<br />t~op et thr prtawda s it ~ to t~bae pr+opartLaa why the atoouat of the atone resoled by this Mortpge ituass-
<br />diatsty prior to thtt dot ^f faking hnrrs to the fair ntarint r•aiuc ~ the Prepeny imtaedutety prior to the date of
<br />tak7ieg, wNh.tM halraaer of the proorads paid to Borrower.
<br />IE Wes Pr9psety is ibaedatrd br Ber'tvwsr oe if sitar aortae by Leader ttr Borrower that the condemnor offers
<br />p aMtltr net award or settle a eksiur for daata~s, Boseawer taih to respond to Leader within 30 days of the ilea
<br />of cosh ttoRaae, I.ader is sutttoeised to eot3set sad apply the proe~et# at Ixnder'a option either to maturation or
<br />npaic of flu Pt+gterty ~ to the au~nftt seetetrd by this \lortgage
<br />LTaless l,erider end Borrower otherwise agree in writing, any such application of pnrce,•,;~ t, prui~°i{,se h:e!I
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