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<br />,,. Application of Payments. T ,-~ 3,h' ~ <,~ vu „t ., ::+. ., I,e, ra~, r.r, . ~ .. .-. ., .,~+
<br />;rdcr tP+r.~ Ant,, :aru~l j~~+r~aq-~pl., 1 .,nd ..:u~rt~~~; .. „ .-l~g~fi~e,i i,. i.Frr,rn r s c... ,~a*:aurn,• ~=i ,.~. ~.,._a sycnh:e ~.;
<br />Lender Lam- tiorr;.µer under I.aragraph 'l In=rr,~f_ +iu~7- to interest iun-a:.i.~ on rhr Aoh. xr,„1 r~;i Pots,*r .~dcard~ec, rf
<br />cry. and then to rte principal vi the Aotx• ami r~, ri,e pnncipal ni Flst-t+rr A~irances. +i sm~_
<br />(, Charges: Iaa+rss. Borrower shat{ pad ai! taxes. aesessn;ents sod ot6P~ ehargrs, fi:aes and irripositious attnh-
<br />utable to the Property whrch may attain a rnoritt- over tl~b Mortgage. ar:d grauad rent.=. ii any, at Letxler'e
<br />option m the ntaRner proyideu under parngrspit 2 i\kre02 Or by Bolzoaver tnsktRf; j+kynlent, li'hetl due. directly W
<br />(f? the payee thrreo.* fiarrawer shall promptly furnisi~ to Jxnda•r ail noticrs of amounts due under chic psragrsph,
<br />r-1 and in the event Borrower shall makr f.ayment directly. $orroacr shall lromptly furnish to ].ender .v,.eipts evi-
<br />~ denting such payments. Borower sha;i promptly .cis, barge any Tien which has priority Deer this Mortgage. pro-
<br />~ vided, tF.at Borrower aha]} not bt regwre.i ro disthargt am such hen eo long a< Bottorer shall agree in writing W
<br />,~ the payment of the obGgatiat securtti by such Iten in :+ trunner seteptable to Lender. or chat! iR good fsi.h casstest
<br />~ such lien by, or defend enforcement of suet: !ten ta. legs! ;srocetdurg whrch o{xrr.te to 1+reyent the enforcement of
<br />the Ilan or forfeiture of the Property or any part t I+creof.
<br />1 5. Hassid 6ruranee. Harrower shall keep t u+~ uuprove+rxnts now ezasUng or t;ereafter emted art the Prop-
<br />erty inaure!1 agstrset loos by hre. hsaanrds ine{uded within the term "tattetaded coverage", anti etch other h>.vrde a.
<br />r+ Lender may require and an such amount.. and for such lanai- a_. I,erxfer nary rrcluire: provided, that Lender chat!
<br />tat roquire that the snwunt of such coverage exceed that acwunt of toveragt regsLred to pay the sstms natred'by
<br />` char Mortgage.
<br />The insurance carrier providing the insurance shall ]at chosen by Bcat•rower subject W approval by Leader;
<br />provided, that such approval slrsll cwt be unreasonably withheld. All premitmps on itpaurantx laolieies shalt be paid
<br />st Lender's option in the manner provided under parsgrapi+ 2 laereot or hp Aorroveer making payment, whin due,
<br />directly w the irraursnce carrier.
<br />In tbs event soy policy is not tatrttnteti on or brefote too clays o! its aapiratitrn, the I.aoda~, tp pteatact
<br />its interact, n,.y prorate insurance on the improverrtertta, pay the pttttsmittms and such nom ahaH btntrooa
<br />immsdlately ~. sad payable ttriW ~tareet .t the cote ttet latch i. cold note antic ptaid and .rb.u b+
<br />aetveed by this Mortgige. Faihue by Borrower to t~ply may, at option at Lesadsr, oorostituie a dMttdt
<br />rtndcr tee ttrrtns of chic Mortgage.
<br />Ail itreutapee polieiee sad renewals thereof shall he in form acceptable to Lender aaxf shall iaehrde a atatstiatd
<br />~o+WE tdauee is favor of and in form ace table to Lender !,ender aha11 have the right 4s hold tlce poliei4a and
<br />reaewaie thereof, and Borrower shall promptly (uroirh to Lender al! rtuaewal ttotiow and aU roaip4 of paid pea-
<br />tniume. In the event of tan, Borrower shall give prompt notice to the inwrsnee carrier and Lender, apd LsedN'
<br />may make proof of ten if cwt made ptromptly by Borrower.
<br />Uteleaa Lender atsd Borrower otherwiec agree in writing, insurance pracecdc shall he applied to raetoratian at
<br />telciir ~ the Property damaged, provided stteh restoration or repair is ecooomicaUy teuibk sod the seeueity of
<br />this bleeyape » nob thereby impaired. If ouch restoration or repair its not ecoeamiealty feaabk or if the traraueity
<br />a1 rhea Mortgage would be impaired. the ipattrarree proceeds sharp Ix applied W the sums etneund by this lt[artpt/e,
<br />with iLe seen, if any, paid to Borrower If the Ptvpe»y is alxrnian«1 by Borrower or it Borrower fsi:s to easpaod
<br />to Lender witlsin 3t) at;ys niter notice by Lender to Borrower that the tosunnce comer atgera W settle a elsirn for
<br />inwr~apee beapefi4, I.erader a authorised W collect sod apply the inataranet ptt>!•reda u L,etader'a option eitlrer to
<br />re~aation or repair of the Property or W the attms secured by this \lortZagt-
<br />Uplese Lender sod Borrower otherwise epee m venting, any ouch applicatson of pnacecds W pnncips) shalt
<br />not arctepd ~ poKpoae she dot date of dx monthly irratalltnents referred to is psrsgraphe 1 and 2 bereol or chanrge
<br />tin e~ of atrch arutaltsents.
<br />If mdar patapaph IS htrreof the Properly ffi acquired by I.ender. stl right, title and interost of Bema~wer ~
<br />ated to any trtarrataer palieaes and an arsd W the pita0ensl. tiarretaf t W tlae eztest of tlsr carats sew urc'<i by teats Morb•
<br />gttgla tmmad>at;eey prwr to ssteh sale nr aequiciiteut rrsulttng Iron darrasgt tit the Property picot W the sale a
<br />oiti ~eagtl "- tti i~r :s:
<br />R lwsaea~sa aid Des at ['++P~it% Laa~ Caedoattd It3:raw€r u'•.sll {coca the Prop-
<br />erig rtt good rarrtr and tl:all rtoi petmtt or cromtnit waste, tttxpsarrrstmt, sat dttrnarstsaa, of the Property sad t~
<br />eeasply mites tes€ prur:ssm•s ct any 'tcs,', x :sierg:tgr ... art s `sta~ttolc, -...._, iurtgsg•:....... a c~~ss:stin~m
<br />tom, t3otrawar ataa{=' petforrr al! of Borrower s catt;tgattcx~ ~.a:,dtr tttt s{rrtaratscm of eondatntntua: car ntaater .
<br />the by-laws atpd roga+latsons of the tsatdornsntwn prolrct .tr,si constituent da•wutnta.
<br />7. llfeis~iaa d Lsudar's Saarei4T• 1 f BOfMwar f ula w pertornt the cvrenanta oral ngreeraen4 toataiaad M
<br />this Motrtpge, or if soy action or prx~tttng is raarunternt which matertslly affrctx I.etasler'n interact in the Prop-
<br />erty, inelndirtg, but not limned to, mttntnt ucattsaut, tnsolyrncy, cyada• enforrerraent, or ymugeaxnts or prvaeesd-
<br />ttrp introlvir~ a bankntpt ~ decedent, then Lcraitr at I rnder'e optuan, upon rwttoe W Borrower, nary taake ttueh
<br />appearance., disbunr ruck scams and take sut6 xctton as +• nev-enaary to pnateM l.endtr's ascent!, rntltdirtg, but
<br />pat lupifsd to, dtabtrracwept of reaeoaattlc attonrey a tae sod t•ntry upon the Property to make npain. Any
<br />attaaupia diabttrced D'y Lender pareuant to thro parsgrayft ', wsUt Interest thereon, shall betxxue additwtsal iadebt-
<br />adneae of Borrower ssec•ured by this ~lottgegc ("nlesn Borrovetr and !.ender agree to other tarots of payraettt, such
<br />amounts shall tae payable upws notsre fnuu I.rndtr to Bornawtr reyuesenag lwymtnt thrreo(, and sha11 bear iM;sr-
<br />aat {reap the ,late tit dutturerttaent at the tart starve{ to the \cate unlps pxytttrut of +ntetwt st curb tits would b!
<br />cgntraiy to apfsltcablt taw. ut whrch event £ueit aauountx- wall bass mttreat at the htalaest rate perctacaibit by
<br />sylalittabk law. tinthrng nrntamcri ~n true ;.aragrapl~ ~ ei+al+ rr,tusn 1_rtstle+ to rotor any etalsetaat w sM soy ar
<br />elil~a-.
<br />R >titptt~t~ Iwader Wray pyrite . ~. was to hr male nssaanshle enerin open sad irrspeetiatra .t the Ytap-
<br />et4y, ~ Mat {~trder sdsall glut Iterts+:wet aets.•e t.rrer to env such imuteetien ayseeifyiprl rarsartahta ccraae
<br />thnreftx retalrat to L~eader'e ipter4et in tltE Property
<br />#. c"~atiemstraiisr. `t5te proaeeda of any award or rialto for dsmagec, direct or eotsaerpw.ntiti, in canrteatiee
<br />with say ~ or aihrc tats of the Pntprrty, ar !swlt thereat, tar for convtyaace to lisvt at eosrdemas-
<br />tiara, rw Acnby anigned and trhaU ba paKl to !.ender.
<br />[n the e>rewt d • fetal taking .tt the Property, the praeeads shat! lrc applied to the sttats natured lay ibis INart-
<br />tpyit, !~A titg tetaeaa, tf b -paid to Bonwwar. Is the event at s partial takipg of the Preprrty, unlw Barrier
<br />sort! laitt-~r~eYwlalla agave n rerritng, rose alto!! be ayptted to the auras aarused by the 1Naetgaga such prapor-
<br />tica aZ the preeaeda as is gtni t u chat preportioe whitrA lire amaat of the rtttpc scurried by tbu alariptge ittarpa-
<br />diNcty prior to tM dstte of taking bears to the fair ttaarket vahtr of the Property immedisteh prior rA the dot ° ~t
<br />eakitsg,. +trdh ilea balatttce of the pteeaeda pwid to Borrower.
<br />U the Prtrpeety K abardoaed by Borrower ar it alter ttotix by I.ertder W Bomawer that the condemnor offers
<br />in atsaie tw award or aoUM • plain far da®rgac, Harrower tells to nrpopd to Ltatder within 30 days at the dtste
<br />nl atlair ttsitiee, l,oratier is attthariatsd W mlleset and etpply the preederte at L,etrter'e optraan tsLher ;t. r~u+rotron or
<br />~ of thtt Propta+riy ar to the copra sesaraed by thin \lortgagr.
<br />Ltnisaa Letxlar oral Rtxtarrer otherwrie rtgree in writing, any ±uth application of pr} aortic to {.nra-tpa? shat;
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