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<br />-tt ail Ott ,n~. ,,..cr !;.rr ii~.~ui:r~'.1~att '~ ~, ..... ' {
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<br />9. Rppticatioa o} Paprre~ts,. F ~-1e~~ y~~i~~ s i;~ Id3~.t tirnnutc~- ~~2at-rtur; .ii', l ~ep.nc~r- i:;'<~,. ~ <r,~:c>
<br />and. r the'~t>te and I,Urakr,3t?it< I sort _ --c-r+.:,~~ .. L•a'„ hr ,cps' tc=rd Ire €.~^ndvr C <t :;; lacy ie:, nr .... ,.,;.>.:._- - - ea}-,;,.• re.
<br />Lender try Burrower under {taragraph 2 u.~rrn;". rh,-r tc, tutereet I:ueablt- ar::Lt, ?':ttc an,f ;;~~ T-,rc:r,~ ,1,~it~anre<, ,?
<br />any, and then to the principal of thF fiat' ar.:i ;o tiu lirircipal of Futt:n :~ararrr-, ti anv
<br />~. Charges; Liam. Borrower shall pay al! taxes. assessment-~ and other charge-, fin•-~ g+~d i. ~i!ien~ st!ri!;
<br />arable to the Property which may attain a pnnrity over thts tilortgage. and groawi rerun. if'•an~•. at. L.ender's
<br />option in the manner ierovtded under paragraph 'l hereof ur by Borrtra er making payment when due, directly to
<br />the payee thereof. Borrower shalt prompth furnish to Lender al' notices of amounts dot under this paragraph,
<br />and in the event Borrower shall make payment directly, I3orrowrr sha!I Ixomptly tarnish to Lender receipts evi-
<br />dencing such psyneents. Borrower shall i~romptly discharge any tier. which itas priority over this 3lortgsge: pro-
<br />vided, that Borrower shall not tee requires to discharge any such lien st. long as Borrower shall agree in writing to
<br />the payment of the obligation secured by suclr lien tit a manner arceptablc to Lender. or shall in good faith contest
<br />such lien by, or defend enforcement of such lien m, kgai Lrvicertiings wluch operate to prevent the enforcement of
<br />the lien or forfeiture of the Yr,perty or any part r hereof
<br />5. Fiomrd lttwrmsoe. Borrower shall keep the uuprovements now existing or hemxfter erected on ttre Prop-
<br />erty insured against lose by fire, hasards included within the term "extended wverage", and such other hasaxis as
<br />Lends: may require and tit such anwunts and for such ieeriods as Lender may regwre, provide!, that Lender shs11
<br />not require that the amount of such coverage exceed that amount of coverage required to pay the sums seettted'by
<br />this Mortgage.
<br />The insurance c artier providing the insurance shall tee chosen by Borrower subject to approval by Lender;
<br />provided, that strch approval shall curt i,e unreasonably withheld. All premiums on itrsuunee policies strait be paid
<br />at Lender's option in the manner providni under paragraph 2 trettot or by Borrower making payment, when dtte,
<br />dit+setly to the insurance carrier.
<br />Ia the event say policy is trot renewed on of before ten days of its expitatitta, the Letsder, to protect
<br />its interest, tray ptvcuro inwrattce oa the improverneatr. pay the pretttitt~ and arch tans strati became
<br />immediately dux sad payable with interest at the rate set forth in hid note anti! paid and tea8 fie
<br />secvn+d by !his Mortgage. Failure by Borrower to coatply may, at option of Leader, couseiwte • dsfaak
<br />trader tyre tedr of tiffs Mortgage.
<br />All insurance policies and reaewak thereof shall tee in torn[ acceptable to Lender and shall include • atattdsrd
<br />rnertgaga ebwe in favor of attd in form acceptable to Lender. lead ~r sha11 have the right to hold the policies sod
<br />rmswals tbereot, and Borrower shall promptly furnish to Lender alt renews! notices and all reoeipts of paid prs-
<br />miutne, In the event of low, Borrower shall give prompt notice to the insurance carrier and Lender, aed LtswMr
<br />may make proof of law if trot made promptly by Borrower.
<br />Unkes Lender sad Borrower otherwise agree in writing, insurance prrrceecis shall be applied to nstotatioe of
<br />repair of the Property damaged, provided ouch reatorotion or repair is economicatlr• feasible and the .eeurity of
<br />Ibis Mariptge is trot thereby impaired. If such ttatoration or repair u not economically feasible or it the security
<br />of this Mortgage watts Ire impaired, the inwrsnce proceeds shall Ik applied to the sums secured by this Mettgsge,
<br />with the a:txss, it any, paid to Borrower. lithe Property is abandotred by Borrower or it Borrower fain to tasfwttd
<br />to Lender within 30 days after notice b}' Lender to Borrower clot the rnsurance earner often to settle a claia for
<br />insurance benefits, Lender to authonttd to collect and appip the insurance proceeds at I.ender'a option ettbr b
<br />rastoratioa or repair of the Property or to the sums secured by this Mortgage
<br />Utskes Lender and Borrower otherwise agree in writing, any ouch applrcauon of proceeds to pntraipal shall
<br />not satard or postpone fire dot date of the r»onthiy itrstaliments referred to m paragraphs 1 and 2 trereoi or shaage
<br />the atarottnt of such iostslimente.
<br />U aadsr paragraph I$ hereof the Prnpaty is aegwrrs by Leader, ail risjht, title amt interest of Borrower m
<br />sad to any ttrsurancr tiosicies and to and w fire pnreeeds tirereuf ten she extent of tier solos ~rrEai try this ~olt-
<br />~ immediately prior to such sale or acqutaition) resulting from danragr to the Ptvperty prior to t.hs tale or
<br />mall pew t., I€r~i¢r
<br />g. trrtaer!rotlea ~ d 1PropestSr; ~; C~d~~--- Bores+wtr *hit_'=! kip tlt.~ Plop°
<br />arty rn good reparr anti saaii tort ptrmtt or ro,nmit wsat€, tmparnnent. ur :ieterroratron of tiro Yr~rcrty erns shall
<br />rp~y :.it ~ the - .,. - .,, • its. if •his :to:txagr ;.., . ° le°„~hclti l! th;s '..:, ~a~ .~ ,... s ~ -z.~itti'~t
<br />oral, 1}orrrrwer shall uerfurn, all~uf Borrower's ubligattuns under ihr det'{aratrut+ ui ratkkunurttzm or rrraster deed.
<br />tha by-laws rtrd regulattotrs of tt:r trondomuuunt proirct anct consutirent da•unrrntx
<br />7. •rmeatiaa d Lender's [! Borrower isils to perform the covensnta :cud tcarcmrenu rooYUned in
<br />thin M.rrtgage, or tf any actron or i,roteerling is ronunenced whtri: matenalh• atirrte i rndrr s tat: tts: tit the Pro}r-
<br />esty, itsaJudirrg, but nut Itmierri tu, rnunrnt doniaur ntsolvrncy. c~air rniurerment of arra,tgeurrnts ur ptueeed-
<br />inp iavolvittg a bankrupt rx decedent. then lends, at I.rnder"s optron. upon rrarce to Borrower, nay rnaka stxh
<br />strpearaoea, drsburae such sutra and take sucl~ action as :. necessary to protect l.nuier's urterest, rnctudiag, but
<br />rre- {united te, dtebttnataetrt of maratra-.k at:oruey'~ ;ec« aul eater ufru the Proper} w rrrake rvpaies. Any
<br />atasants JWDttncA by I.eedcr prtnurttt to thts paragrrplt 1, wtUt uttetvsrt thereat, shalt treetrene a$ditronai ittdeltt-
<br />edaew of Borrower secure.i by thir+ Mortgage I'alees Borrower and Lender egret to slicer arms of lrayrrreat, t»teh
<br />smousta shall ix! payable utwu noun ircuei t coder ra Borrower rrqueaunR partwnt thereof, amt trht-ti bear iater-
<br />ert }torn the dots of disbursement err the tar, atwtat n; riee• :~utr unless Iwynunt of tnterYSt ai such me would be
<br />contrary t<r ayt,lteahlr 7rw ._, wht,L ,~rru .,rri~ ;tmottnt.. shah hca; rx,trtrat at the htghrst rats pentussihie by
<br />aaplicahie iaa Vothurr; roe,ratu..1 ::, '?:tr .•arxgrattl ;rho". reyutn• t.errdrr to rotor any expcwre or du say set
<br />Yssattad~.
<br />•. Ltt~a/isa Laadsr taay make a etttab to Irc made aaaaetahMr eatristt u'aa sad iaspeetioait of e#e 14x¢
<br />mty, Pied that Lender shall give (tevsrsrer ttottre i~ ro say swat tnspetY.ton rrtreettytttg raMttrsttMe caws
<br />thwter retatw to Lwder's ratersst rte ttte Ytvpert`
<br />!, "2'ks pnsm€e's a arty :stns' err : far :tar.,agas, 3isak o: ranasquestial, to roaaaeti:s>»
<br />wick any oeadeeapattaa or othsr taking of tha Prtyerty. ur trot thereof, or for tonveystrce in lira of rurtidetaatt-
<br />tiea, ara 6enby assigned sad shall be paid to Leader
<br />Ea tde avast et a lets! taking of tke PraMry, the taocaedt shall Ire applied to the sums serrtred by chi. -[ert-
<br />~#J~~ it say, paid to Harrower, la the etnat et a pares! taking of the Property, tttilaw Bot~ower
<br />sad WA'm tar wt~ittt{, tbaty ai.all tier ~ tv flit suArs sutrred by tlrii Jlurtgage :uch propru-
<br />tim at Nte prooesds as is dual to thu ~xaportioa which she asseunt of she sums aeottred by this Mortgage imme-
<br />diately prier to ibe date of taking boars to the lair atar4et. value od fire Property- immediately prior to the daft of
<br />taking, rrlth tip tesisooe of the preoestis pairs to Borrower.
<br />It tM Property ie sLatrdorttd by $errewsr or if silo traice try !.ender to Borrower that the condemnor oAetr
<br />to make art award err settle r c;aian far dtuaages, Bortwer tarts to re8porut to Leader within 30 days ui the date
<br />of each rtotite, Leader is suthaiaed to collect and apply the peocceds at l.endrr's option rithrr to rcatoratton or
<br />r+part of the P:vperty M to the alma secured try tiers 1lertgsge.
<br />Uakw Lender acrd Borrower attrenrise agree in writing, say such applieatton of prerceeri, ,,, {>nurtpa! errs+{
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