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<br />If under paragraph 18 hereof the Property is =old or die Yropert}• fie othcrn-ise ace{aired by Lender Lender
<br />,hall apply, no later than immediately prior, to the sale of the Propert}' or its acquisition br Lender, any Funds
<br />Geld by Lender at the time of application ss s clt•dit against the .~~ums ~ecurcd h~' this Adortgsgc.
<br />3. Application of Faymenis. Linlesx applieahlr law prot•ides otherwise, all payluents received by Lender
<br />under fire Tote snd psragrspits i and ? hereof sitiii he applied b} 1_eoder tir~i in p3}'mcnt of amounts payable to
<br />Lender by Borrower under paragraph 2 6ereot, tl:en to inurest payable on the \ote ;uul on Future 9drarces, if
<br />any, and "then to the prircipsl of t!rc Aote and to the principal of Future Advances. if any-
<br />4. Charges; Liens. Borroner shall pay ail taxe=, a~essments and other charges, fines snd imposifiors attrib-
<br />utable to the Propert}• n'hich mar attain a priorii}- ever this Mortgage, sntl gmmtd rent., if arc, at Lender's
<br />option in the manner provided under paragraph _' ',ereoi or I:y Borrower tusking payment; when due, directly +.o
<br />the payee thereof. Borrotret• shall pren:pti furni=i: to Lender all notices of amounts due under this paragraph,
<br />~ and in the event Borrower steal? rn3k pa;-n.ert uireetl}, Barrawer shall pn.ntptl}• iurnisl;ca Lender receipts evi-
<br />dencing such ps}•ments. Borrower shsil prompth• discharge aav lien which tees priority over this Mortgage; pro-
<br />V"` tided, that Borroner ehslt not be required to dischat~,c am such lien so long as Borrower shall agree in writing to
<br />~ the payment of the obligat-ion secured by such lies: in a ~,tsnner acceptable to 7,ender, or shall in good ia9th contest-
<br />such lien by, or defend enfometuent of such lien in, leaai proceedings which operate to precept the enforcement of
<br />rtes I°~n ur forte tore of tl:e Praperir m' arc p^ hereof.
<br />5. Ii~cad Iasuranee. Borrower shall keep ! he ia;.trorrments non- existing or Ireresfter Greeted on the Prop-
<br />em- insured sgainst lots by hre. hazards included withit: the term 'extended coverage", snd such ether hazards as
<br />~ Lender may require and in st:ch amount; and for sari, periods as Lender nra~' requim; provided, the<, Lender shall
<br />h not require that. the amount of such covera;r excecu ti:at amount of eocerage. required to pay the sums seetued'by
<br />this Mozigage.
<br />The insurance carr{er providing t{ e insurance shsii ' e choler: be Bormwer snbiect to auproval by Lender:
<br />provided. that such spprocal sita,'i not be tntrrasanab?} wlthheid. _1ll premiums or: insurance policies shall be paid
<br />sL Lender's option fir, the manner L:mcide4i+. under : agraplr ?hereof or by Borrower tusking payment. when due,
<br />directly to the insurancr carrier.
<br />In the event any policy i. not tenoned an or before ten days of its expiration, the Lander, to protect
<br />iL, interest, may procure in~ztrance on the improvements, pay the premium, and such sum shall become
<br />imrne~l=etch, !irie_ anti parable uirh intQx•g-.t at the rat€~ set firth in said nntn until ~i~3 anti chap ten
<br />secured by this tiiortgage- Failure b~• Borrower to camph• pray, at option of Lender, constitute a default
<br />under the terms of this 'Mortgage.
<br />311 insurst:ce polieSes and renewals thearof ~i.:ta i,e in form accrntsbic to 1_er:der anti shall include a standard
<br />mortgage clause in isror of and is torn arccptsh?r :o Lender. Lrnt;er sirs;i hxcr the right to hold thr policies and
<br />renewals eirereai, std Borrower shah prometi,- fu?-nislr to Lender al: tenon sl notice_ and all receipt., of paid pre-
<br />mium. In the errnt of foss. Harrower s{tai? aiti c ?!ron:pt notice to rive insursrcG carrier snd Leader, snd Lender
<br />may ruake pnxi ai foss if no? made prompt?y it $orower.
<br />tnless Larder snd Borrower athenyise a_rec in writit:, imursr:ce },roceetis shah be applied to rrstaration or
<br />mpair of the Praixrt~- damaged.:im:-ided -.... -.,starer .. ,.- nai:.. tconoa:.: 'ati' _:asibl< .t. ti;e ,eeurity of
<br />th?s \tortgsge is rot thereby imnsi?ed. Ii >uch r[ston~:ior or rep:trr is not e t- vnu~•aiir fessihle or if the security
<br />o#this Mortgagewonld [~impaizrd ti:.=_i:uural:Ge;antc~::=,i;ali :K anpiihf •o -.,t :tuns secured by this Mortgage,
<br />:cith tike excess, if any. paid to Benowe:' ii ti;r Yroprr.v :- abardorre 3 by $or,-ewer ar if $orrawer isils to respond
<br />to Fender n'itltin 3o days liter notice ay I_endrr to Borrower rivet nc~• msur3nce carrier ot*e[~ to settle s cisim for
<br />insurance heron?~, Lender is sutharized to coiiect sr.d app{y the i?:sur3r:er proceeds st Lender's optior, either to
<br />resWrstion ar repair of ti:e Propem- or to *.he sums secured Vn- t{cis Mortgage.
<br />lielrss I~nder ant: Bo^roR'er athrncise sgree in writing- stn- sucl: spplicstioit of nmceeds to principal shall
<br />not ertrr.+3 cr I~stpane rite due date of the urorti:lr instsl{ments referred to in parsgrsph~ 3 and `? hereoi or change
<br />S~ 6IIlaunt i1t Slli?3 lAStallmente.
<br />If under psrs~rspl; 15 hereoi fire Yroprrty is acquired in- Lender- ::.. right, tide snd interest of Borrower in
<br />and to arty in?ursrcr policies snd fir. snd to the pn>rred< t.:ereof .to *.-:. rxten*. of ti:e earn- sec::rrd by this \Iort-
<br />gage tmmediatzly prior to <::clr sale or a.quisition. re>uirr.g iron ~istn:,gt to ti.e Yr;r.rnv : _-ar to the sale or
<br />scc~ttiaitian shall ns~ to Lender.
<br />& Pt~ureatioa ®d M®nt~~.^e of Property; Leaseholds; Coadaminiums. $orroner shah keep the Prop-
<br />r _
<br />em• re g~aaai repair snd. steal; not errnit - ~omn:~i: nsste.. ,~sinre.... or _-. •riarst;t - t.. _ Ynperty nd :hat;
<br />yr , r -'-
<br />..,.~ ,
<br />.,.:.t;; -;..t,..m:i:~a~ a; any'es`G ,.: -'-t •, ,;:,_~ •rx~c=.t .. ,: ,..- ll~,.:gs-'ee• •- in :i canaominiunr
<br />>rit, Bctrraacr sl:s, ,~__or.. a: of $or.owt.. ta..~r.- ::.r: ;::< ~r x_,.:u . ~ ,t,.,_t, rniuur or master ,fired.
<br />the i,y-iaycs snc regulation :..., cor.da_; _ , t,..-..-.__-., .i.rt...:cr:ts.
<br />?. Pr~eetiaa of leader's Seccrity- li Borrower ~..., 'run :.. ,n'rP.ar:is ~,.d arrenrrnt> captained in
<br />th ;ieY.gai r, or ii am error or :.raerr~:n~ :, :,;:::::.t-^.,t-`: u=:.e.::. r:,h sreit> L rntier interest fir. the Ptvp-
<br />erty, :nciumng, but .;tun>ari; to. rv:_.c- ic.;::.,::. .,....t.:.>. ,..< -.,br~•rmt:a. t: arrsr,grments or prxeed-
<br />rpgs mvo;i'ing a bar:srot==: it dere~rnt, tr:rr: LrnSer a. Lcr,:ir>- o;:u;~r:. upo... t.ou~e to Born,wer- msv msl-e such
<br />sppeara..ces, ,i;cpu-sr ~..._..utne s::ii a;"i~ ~ .-.. >rtto::.,. .....;,n : - ,+n~,'ri•t LGadG*~s tntCrest,. including, but
<br />sot I:mttrd tv: L1:Eb;;r~'trr.,, t- rrswr.st+ a:*.orr:e~-_ srr> 1_. _. .nt^. ,~o:. the Property to make :rpai:s. Ans-
<br />amnuntad>_~,ut~e9 by L.eder ;+u_raaan=, tz ... as,'ggrs;u::. aai.:~:*.erz~~ t .Groan. ss=.'. become additional indrbt-
<br />rdn~s a# Borrnacr e2-r~~-ra t,ti :_.- \fe^tgagr~L-nir~~ Borreuer sa.i I_en.irr sgrei to other ternu of payment. such
<br />stn~.mts shall ix;.syab;e,., ....i:cr **t.;.; Len~ue* *.o Barron-rr r•oursuae ps}-*-_rnt tl:rreaf, spa shall bear inter-
<br />es[ from tYr dart ci dit,_r~rz;ent st ..:r _7;t -tstrt.:n t':e \c. _:,;e:= syme^. *.erest st such ra[e could be
<br />roatrsn =_t~ appiirsl';r Ise, i~ whir:'rrr__^.t sure: srraa:::rte ={.si; x°ar :::te.*cst s. ,._c izhe=t rate nermi_tsible by
<br />appica3le saw. \ot°;u;,g eantarr:t. v. ,~:rs ;;arx¢rxr;t; :..:..:. . ,tart+.~ L,_nder to ~:;tur~snc exprrse er do any act
<br />h2TEit~dE3.
<br />$- 1,~»:^- Lender r;ay r.rsitr -,.--- ,_ .g ..-~r.. ..a u..si,t,~ :......,. ape., s..,. t~ctlo.^.> of the ProP-
<br />rr't i', prc,rrded tna? L{~rt+j2.' ~t-Y7; Elrf $67'ilR r''? a : t t34 '`.t:; l' ..1 '- 1:,. jlf'( .: :.CIltLI •.' :Y9f4P.3hIP C9L'.i'
<br />there#ar relaird to Lender's .atere_a is the Proper ~
<br />9. CCaoidemnatioa. The preeera> a= fur sws.*d ur cisirr far tlsm3g~, duerr t., ,-op_sequential. in Gornrctiun
<br />with env rarxiemnation or other tskinr ,5f tt:e Pry}:rrtr- :~r part t.._.:,... ~. .,.. ;~u:.i,•r :n~•,: ..; !i;~u of cotu{emnu-
<br />taan, are he±eby ns-:gne! and steal: {>< paKa to Lender.
<br />In the event of a total taking of the Pro}xrt~-, tie proc~~i_ slr3!1 :.n' spl,,x-d :u the >um- se. ured b~• ibis Mort-
<br />gage, with tier excess, if sn.-. pain to Bern,n-er. lr. ti;e event of s psrtis! taking ei ti:e Yroprrty, unless Borrower
<br />and Larder othtra•7€e agtex in writing, there ihall be applied to the su;rrs~ secured k.r thi: 1ortgage such propor-
<br />tion of the praeeeds as is equal to brat praporion x'irieh the amount of rive -.um~ ~reurrd fay this Mortgage imme-
<br />diattly pixrr to tlx date of takittg beau to ti:e Farr :riarket t'siue of t hr Yropert~' imnu-diste?ti' prior to the date of
<br />taking. with the tslanz+e of the nraeeads pxiu ~o Borrower.
<br />If the Property is slrandored by Borrower or if after notrre f;.' Lr~sder to Borrower rivet the condemnor ofrers
<br />to make err award or srttie a claim #er dsrnagr=. Borrowes- f3,.. to respond to Lender within. 3t3 rise= of the date
<br />of such native, bender is au[horit~ to collect snd spph- the, yrocred> at Lenders option tit?:er tu-resro.*;ttion ar
<br />repair of the Property or io the sums src•.tred by tiu~ llorgage.
<br />Crites L.rtrder and Borrower othem'i:r agree in writing, spy sac"r. application vi },rxerde to urircr},al shell
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