|
If under paragraph 18 hereof the Propert~° is sold or the Property is otherwise acquired b}- Lender, bender
<br />snail apply, no 3ater t§t_•n =_mntediately prior to the >aic of the Yroperfc or its acquisition ley Lender, arty Funds
<br />held by Lender at the tithe of application as a credit agaimt the wind secured h~- this \[orh~age.
<br />3. Apglitxifion of Payments. i?mess sppiicabh• late prorides otherwise, all pa}•ments receirad by Lender
<br />tinder the \ote and paragraphs 1 and 3 ilereaf shall he spptied hr Lender 5rst in pa}•ment of amounts psyable to
<br />Lender by Borrower under paragraph '~ hemof. Chet: to interes# pa}•able mt the \ote and on Future ,1th•ances, if
<br />sac=, and i11en to the principal ei the date xt.d to tltr- l+rineipzt oz Future ~dt~anec.~, ii ur,-y-
<br />4. Charges; Liens. Borrower snail Stay all tales, assessments dad other charges, ftnes and impositians attrib-
<br />utable to the ProperLti• which may attain s priarity over =.his _llortgtage, and ground rents. it ntrv, st Lender's
<br />aption in the msnner prodded under patag.te,+: ? hereof or f>}• I;orro~t-er making pati•meni. tchen tiu^, directly to
<br />~ the payee thereof. Barrow-rr =frail nrontpti}- iur;;i=?; to Lender al; natives of amounts due under this paragraph,
<br />~ snd in the ereni $orrower snail make payment direeti~-, liormw-er snail ;.rompzlG furnish to Lender receipts 2ci-
<br />~ denting surlt payments. Bort~wer snail prampt.ir ~.ilscnsre ant- }let: w~itieh has •~riorit~• arer this \lartgage; pro-
<br />>Fiaed, [ at. $arret~z: ~aii nat. be r~.,t:irec, to disc=same atti• =ue'st lash :o ;ong =~= B: r;-oc-er -i.i; ag:e? is wrung to
<br />v the payent:nt of the obligsuon secured by such Nett it: a ni nner aeeeptabie to Lcrr}er, ar anal} an goad fakth contest
<br />such lien ray, ar defend enfanetnent of such lien in. Segal Itroceedings w}tic}3 aperate to pnt-enr the enforcement of
<br />~ tLnr lien ar fcrfeit~re ai the Yraper±,• ot• am ltsrt thereat.
<br />!~ 5. Fltttsttzt? Insur~tx. Berrawrr snail kez;~ the intt:ro~•entents naive e~iszing or hereafter erevted on the Prop-
<br />ertt- insurzcl against lass by fl.m, hszsn-ls included within the tenu "eFtended coverage-'. ;tnd such other hazards as
<br />Lender trier require and it such atneunts :utd :-or sue?: 3+eritx3s ss (..ender mar n=quiet: 4:roi-itic~i, t§tat Lender snail
<br />IIot require that tl:e smaunt of suelt cot-erage exceed titalt amount of courage required to pay the sums secured'b}•
<br />this liortgage.
<br />The insttraree carrier l:rariding rile insurerre shall be eksoser hr Barmwer sul,;cct to approval by Lender:
<br />ptvt•ideti- teat such spprarsl snail rot 1>e unrea:onsbiy withhe3d. ail pmmiums an insurance policies snail be paid
<br />sL Irnder's sprier in the msnner prat-ided :uttiet ;~sntgrspL ° hereaf or f,}- Borrower making payment, when due,
<br />directly io the irlsgtrance carrier.
<br />In the scent an}° poli~w is not renewed on ar before fen da}•s of its expiration, the bender, to protect
<br />its interest, that pro€^ure insurance on the improvements, pa}• the premium; and such sum shall became
<br />itatttedia.t~y use and payable with interest at the rate set forth in said note until paid and shall be
<br />r,~n ~. ~...t._ ..r t ~.,~~. ~.:~., aQsn.,tt
<br />stti~:eti a}; IU± ryioiigeg`~_ rauuzr u• rxzaaz.v~ra .:, . ..y~j :, °• :.. vptia. 1.:.,~..~ , ._.,~.~.,..,. o ....o,.,.
<br />uncles the tertuc of this Aio-t~s~e•
<br />?4.11 ssus~aee ~x-ilicier snd rYnew-as ti;er~tf s?•.a'S !+r in forn+.:::°:~}aabie to l~-n.l,•r aaf9 <lt:ili includ+~ a stsndarti
<br />t~rtrtgage elst~ i;_ 3i<~~ar of arx? in iom~ xn°eptat,ie to l:c°ltder lrt;a+,r sine?i liars ti;e• right to lsoid tlse• haheies snd
<br />tr.~srals t.heerigof, at3d Sorrawer s;;al; pr•aml+tic iun`ish to Le•ntter a71 renewal raitre., and all n~ceipts of paid pre-
<br />- +~~ In the e~-ezlt ai low,. Barrowr- allsii giz e ;~mt:.pt natace t: the inswsnt~t• carrier and I_rndrr, snd I:ender
<br />mar make gsaof ~i lass if z>at made praulpt3v i+t• Borraver.
<br />IJ-2ale.Si 2.Pn~~ rind BQrh~R-sr tli:iEr~-i5t :c~;rt'E= i': a r;iin};, i :iii, 3i;t'i' ?,r ~t~c"CC5 53,aii ter a}jp=?ef3 t3 tr3t:tlrstlon o;
<br />rr•sra;r of Yh2 Yraprrtr damaged. prarida.; loci: -_...,~-at:nr. or rr!,air .:o.tonursi:t- iP.:iat}>:~• :~na the ~euritr ei
<br />Shia \ltawrGgrtge env: therrtr /m;airrd. li rte."h rests:-:stat: ur re}+slr i. =,=,t Grotto,+.:,:ui;r• ie,l;it+lr er ii i_tte ;rcurit}•
<br />tx# tails ~tt8tgsge seouSd be uupta*•ri. the ~v;uTSr,< <,-o;~ti-~s •}~'. i, suI=;iri :t, t..z _ ~.ui serurc-Ki bi° t::ss 3lartga~.
<br />with 33.r exts~, ii sn}-, paid to $arrtr>s•er. Ii the Y*r,xny ts. at+andenc'S+. by $c.^row~r ar tt I'iarrawer fails to s^espand
<br />to Limier aatiin 3C1 dais liter notice fly i.rtxurr ;.t Barraw•er c§lst ti:c• .n-~rsr. ~ carrier oTers c. s-ttle a ciainn for
<br />iztatuance ber~iu. Lender is auxl2arired t.a milt:*, sea sppi}' the tnsut-at~ee llu~ls nt landrrs opt;an Tither to
<br />nastarat~oa ar ttepair, i the Pre-.;:crty or t~3 ti1G~ suaL xrured t,} till. :.tortgagr.
<br />Ltztirzs ben+3es > Brzma~rr atheru~iee '~r'~ i:. ;:nun};, an, suvit a}3;,7arauou ui pri+eemi= w la=incipaS shall
<br />aq# rsiesbd ur pe>wtpane rite ware, date ai t-he rtart.hlr itt~allments rairrred to in 1+a<*-s~ erns 3 snv 3 t:~rrai ar change
<br />[htE aDl~nt art st2ch in_kr=Il~+•L-_
<br />I# t }~*~ #t~ lltx~tf t;b;~ I''taapertc is sr ~ui~ l,ti• I~~!-~e*, >3i rigi:;, ti:7e and i!txex~t o? Born~er in
<br />,tint{ 6e+ att}• insurance ;~!x'lec unc: ir: t:nd to rile prncet'tis tltrreai , to t lee extern ai tl•Y su::.~ sreurc=a b}- this Aiort-
<br />~~ iatezs ttitr to sue; snit- or uryuit!,itan ~ t•t~sultiR.t; iren7 iama~e ;+, tlir Prnpzri- l.rnr to ti'se salt or
<br />anal! peal *_c+ Larttiet.
<br />~ i~+eaiaa rind cd ~'a i~ r^~.t.,...:..atama. L~r^?wez =1T~17 itxp s*e P.^c~-
<br />in ~c+ae r•rt+sir an >`+~ai rtat }>r^utit itr c•c~tnnut a~,~?z. ,n:}3al:t:xent. c,r aetYri -suu:_ v, thc~ Pmre:tr ,,nti shah
<br />c±oxrtgis• ar~th tix prt+~rax>us os su} !sax. ti t.Su, _llongage i> ,rn s ira:es,ct;.? if 1i.ts \lo-t~~xae;e i. tiz ~ a e°a[xYamiuitiutl
<br />usut, Bornnaer stlall 3~f:arrl x?7 a £ia-. ow er'; oh!rgstionc under t *at~ v~~cisrasto=.; c,- : a7:acesus:luu: ar euasser w±+eci.
<br />tilt Ur.las's at,,: tY~L'4at Yi*S:c z*t t?Yr i-[._.7t~1?111.S it11t }•rxi s•t'i bu r`t*-f ~tSi U:'I" v{+,-.:.L*ae•ttt--.
<br />~..P4ad+txidoa o$ Lades's S~urittg. Ii Bart i:a,+ t ck`r;t:;,s. ttn .:*r:.+::;.+.- :.s`.~.a sgtt^rLlrt:t~ rental:.-ed i..
<br />t `_vltsttggge, ar ii a:z} s,cti.tt. a. I:rc-,:iE.g is t_~.,._.:_, t... .:.,, .x,,.i~_;. :3rrt; i .,,:err s interet =c. the Yro;l_
<br />~Y.tt7', k!lCltifltra~, y~atlt 1iC'.t 1_-2L'-:.:P:: tL1, r21'_liseni dG,tusn',. . _ -.ir ri'lt'~ tin]r' , t:l f?.Tt'x~£AiCStt a. xS^Siet;rSlirnts i+r },r4C'2+Bd-
<br />ia~s invoivaag a hsautaa;5t at' dectt;est- ts,rn Ler~=der st i,etrarr ~ t,}rxm, u,ar: t~.atire t{. Bt,traa'rr tt:s}- male such
<br />~u:s~ .,-, ~ ~d .~~c ...:e_':.,ei_~t a= ,s_a~r^r'=gin. .: ;,r~.,Grt -.raa~~t-.. __,ir_r?st _,~tiuding, kt>si
<br />trot I~tteu ta„ tl#anat:,tl:-tts+ of r.tur`atzatrtxxs' _ ;zr: xrd ~ntac £u3xt: t«rp l'r3}.ert. ;r, : calr >'eW-ira. Any
<br />--"'~ tiisbure~ Ltat+ie;r ¢au~,sanx td. ti=ts }taragt~.pss I, >icitl: sntxrest tkerra_,. sl.a!I S~tw-guar additions: isdebL-
<br />trs€ $t~t>~•uieu ° ~ '~ _'.#~-°•~~. Ltal!~= Brnx;r and laude: afi to ~k:er *.erR.~ at lu}•r.:ent, :ueh
<br />eta elvtil be pagabiz a;~zw *.wta<~ ire; l.eIIircz to I3arraRer r^rqurating }uticmznz tJ~eretr{, dull sa11 beu intt<r-
<br />etl, tsoea tilt zate p3 diabllzut at l:e rate strted iY the '\ate t:.tl3ess }esytnexn ~f latrrest st suet; rate vtouk3 be
<br />+~ t~ s~+li;.sf+ir sa, ;:; wed eseztt sera. nm:~,:nts shs.}! I.r3r intertst at ti-,t- }li~be=tt t-ate petmisaible by
<br />die Sa>gr. \tstl'..sng .t~t:tsrrelt in this l,ara~gralti:: >r:;a':i require i.s-n3rr to ancur sn} rx,*~nse or da ani set
<br />~-
<br />i. ~d9alA. #.eatonr try trsaitt r+r Taro=s tct i+c atasiie rrxsans.k,ic e=.titri~ ugotl and lrt~iet=t"turn ai the Prc~`
<br />large ~ titer IX~ti sp~cli git~ ;Elorr~zr statirt, xbt:e.r tc s:n •ve•1: lt~t~ert~:+rt -1,rei3rarg reawnahle ca;iM•
<br />theete t~e3axed to Lt+tttr~'s iaata+[sit zss tbt I'"rc+perc> .
<br />~, C.m ~'a ni sac rtrrard ar claim far dritttagtk, digit ar eauseyuentiai, in connection
<br />ts~isds Sato as sr~e`r ~ ~ t§ie ~rty'• w iri.n tCtrriri, or far t•anirpl~ner in lieu ai cotldemnts-
<br />tir~„ at~s sued t lee psi to i.er.
<br />~a'~;tsi;# st tcaRl ta~ga# t#x may: tt+s 1+rc:eeetis ai,ati k~e aF~,lted to the curls sefiured b}- this 4fort-
<br />i~• rii~-~Lc eater, if a tai laet~rr. Ir. the er'tstrt tcf a ;~t"t~il saki>l~ of thf Yro#~€ty, unieas $arnaarzr
<br />dad li. mire t~tae ~ +trritaag, tlt~t al:all lie a}3gt~littt to the stuns ~tutti+ti lay =.itis \latsgage sorb prapar-
<br />~ae ~ t!be ~ tiro i> ~ tWt+ ftx~ wI'i~ul tide s»tt+unt. of the souls e-toured ta4 tl;ie A#artgage ittune-
<br />itt+tfse t~,t saf Litlcittg to tbt #air u:wrkrt vaitte ai ties Ympert}• uonlediatelc prior So the date of
<br />li.H~ro~.~e 'bye ~gdar~rtxr ~ if rfter turtt~ tn• Ler~r tc Borrower ttlst ells cand+~lnnor oHerfi
<br />to s~talne aasaraa~ is seGt'a a ,~ daantr~taF, Btsrrae: er fall= trt t~pa~ti to Lander u tthlr: 3ij days ai the date
<br />C$,ta~l9 ~ 1. ~ a_~~„,~:.: +~^. -:;,,~;;t --K st,l: i,tc j=xv~i~c':s ai i.~rtdri~s tr{~tion ~°ltil2r to restlirattots ar
<br />> ~ th,e Pz>3T +ar is ~ s ~ b'y t13it }1ofYaaat'.
<br />-- r - - - - --- -- _ _ -
<br />+i! I• snd ~~^ terse in ~t•ttitixtg, qtly such application of pmect-d~ t o 4,rlttclpa! snail
<br />
|