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<br />If under paragraph 18 hereof the Property is sold of the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later H:au inunedisteh' prior to rite sale of the Proper(}- or its acquisition by Lender, any Funds
<br />held by Lender at the time of application ss a credit again [ the stuns ~ccured h+- thislIortgngc.
<br />3. Application of Payments. IInless applicable law pro+-irles other++'ise. alt psvntens recei+•ed by Lender
<br />under the Note and parsgrapbs I and 2 hereof shall br al+plicd b}- Lender nt~L in p;:}•nrent of amounts payable t`o
<br />Lender by Bm•rowcr under paragraph 2 hereof, then m inh`rest I,ayshh• m, tha \otc and on Future 9dvances, if
<br />any, and then to the principal of the Note and to the principal of Pontes Advances, if any.
<br />4. Charges; Liens. Borrower shall pay all taxes. assessments and other chsrges, fines and impositions attrib-
<br />utable to the Property which tray attain a }?rioriir.o+-er ti: is Mortgage, and ground rents. it any, at Lender's
<br />~ option in the msnner nro+•ided under paragrapi; 3 hereof or h} Bonno-er making payment, when due, directly t.o
<br />t"'~ the payee thereof. Borrower shall pramptlc furnish to Lender afI notices of amounts due under this paragraph.
<br />L^ and in the event Borreu-er slts!1 make payment direMh', Borro+cc shall prnntntly f::rnisb to Lender receipts evi-
<br />C' dancing such payments. Borrower shall p:•omptlc discitsrge an}' lien ++hich has }?riorii}- orer this Mortgage; pro-
<br />.:i vided, that Borrower shall not be required to discharge mt+' such lien so tong ss Borrower shall agree in writing to
<br />J the payment of the obligafian secured by such Ben in a msnner acceptable to Lemier• or shall iu good frith contest
<br />~` such lien bp, or defend enforcement of such lien in, legal nmceedings +chich operate to prevent the enforcement of
<br />~ the lien ar farfeicure of *_he Propertc er anv part thereof.
<br />1\ S. lia7:ard insurance. Borrower shah seep the inu,rovements Iron existin;; or hereafter erected on the Prop-
<br />erty insured against !oac fiv fire, hazards included within the term "extended coverage", and such other hazanis as
<br />Lender may require anti in such amotmfs and *'or such }teriad~ as 1_ender note require: nrocided, that Lender shall
<br />not tYquire chat the smaunt of such co+'ersge exceed that amount of coverage required to pnv the sums secured b}'
<br />this Mortgage.
<br />The insursnce :arrier pro+iding the insurance shell be drown b} Borrower subiect m sppraval by Lender;
<br />pravided, thaF such applrovsl shall not 6e mrressonabl}- withhehi.:1R premiums ar, insurance policies shsl': be paid
<br />st Lender's option in rile msnner provided under ;,srsgrapir ° hereof ar by Borrower tusking pavnrent. when due,
<br />direct}v to the instet•arce carrier.
<br />In the scent an}- polio}• is not renewed an or before fen da}s of its espimtion, the i,ender, to protect
<br />its interest, may procure insurance on the improvements, pa}- the premiums and such sum shall betrome
<br />imIItediate3y dt~ and payable with interest at the rate set forth in said note until paid a_nd chali I,e
<br />secured b}• this Mortgage. Failure b}- Borrower to comph• may, at option of Lender, canstitute a default
<br />under the temts of this'ilortgage.
<br />ail insursnce }x+lieies snd xnen'sL then: of >!tail be in fowl art`ptable to Lender and shall include a standsrd
<br />nrort~e cls use in favor of snd in fans afire}nable to Lender. Letnier >irai] ha+-c rho rigkt to Hold the policies and
<br />renewal z?lerroi, snd Borrower shell pronlpth• iurrh *a Lender a1': rerewsi notices and all receipt.. of psid pre-
<br />miums. In the event of ioi, Barrower sLa!] give prep:}?t :once u- lire ittsursnce carrier an ; Lender, and Lender
<br />mar insl:e pr[wi ai lei ii Hat mstie pramnih- i~r Born;wer.
<br />I;nless Lender and Borrower atirenvise agree in wriiin:t, insurarce proceeds shaft be aa}:lirj to Ie_torstion or
<br />repair ai the Pro}wrt}- 3snlsged, pro\-idec such res[oraFS:a t.. .. .. _coromicalh- ieasij,;e aad the security of
<br />C'tis Aiorgage is rot ih~rebv imnaired. if such rector:r*.ic•:: or n Hair is rlOt e,•onomic:llh fessible ar ii the security
<br />of this \lortigage would be impaired. *.:e insurance }trt,ta~.=~:s si;sl! i.c sp}?lien to *_he sums secs`-ec b}• this Mortgage,
<br />wiii7 the exceos, if enc. paid to Borm>t e:'. Ii *_hr Pro}~erty is sI?srdoned by Born:wer or is Barra+c-er fails to r~pand
<br />to Lender wit-tun 3t1 esys alter notice 6c Lender [o Borrower that the insurance csrrie, on'ers to Berle a claim for
<br />insurance benefits, Lender is suthorizcd to cu!lect s:t~.i apply thc• insurance }?n}ceeds st Lender's ul+tion either to
<br />Itestaration ar rzi sir of t!re Pry}",;'nr or to lire -uses secured b}- t hi> \lortgage.
<br />E'nla^~- Lender and Borrower atltcrn"isr agree' In +\..*iting. arrv <uch snplii•a*.:or. ti ttrocetYls t? }Irincipsl shall
<br />Hat extend or postpone the due date of the :nonti;ly instsi':m~ n*._ reierret: to it::.:ragrsnl;s I alrt+. '?rereaf or change
<br />tt~ asaau.^.t ei such installments.
<br />If afnder paygraph ]8 hereof Tfx• Yrepen} is Begot*.•rd b}' Lender.:,i rig!;t, t ,.e and interest of Borrower in
<br />atld w any insalranre },aiicies and :n xr, ~ to *, tae pn ce•«- t;. , eoi ;.~ ..._ +*st .... . .... ...... .~ ;rr,i by it~is \!ort-
<br />gage ir~t~ ,r.{~~}' }!POr tJ "1e'll ;'ale t7 3fi,xllii:i:irI:f iC~:ii rlY4 IP,'1 ti .]92;I:l flay 7.=' .t Prl+nerFl '.='lar IC1 E112 sale ar
<br />ytxr'uisitian stall va>~ to Lcrder.
<br />&. Pracerratian and Mtxinteaartce of Property: Leaseholds: Can3ominittms. B,rn\wer shsl] keep the Prop-
<br />ettr i, ~ repair srd s?;asi not }.semi: ar ~rmtrit ++sste. in:}:s:t•^:en*. ~ ~eleriorstio:: of t}le P;vr~erty and shall
<br />cnml+ly wi.t. iLe rm.__ons -: nn}''ey ....i.__ +}t .,mac i_ _.. a : I^ t*. \l.^.~s o., c, .andmuiniuu-7
<br />;tr7it. $orn:wer Basil }>er5arn: si] ei Borroarr', oh_Igat_c~_ .._.~r. .._ ~_c':ar;:tio:: ~._ .+.:.io:,:iniun:.,r master deed,
<br />rise b}'-laws sru rrgulatians of the ecndominiun: ; _aiec'tPau:i rt,:lstitu~ *, t.ucunrrnts'.
<br />7. Protectioaaf lender's Security. Ii Barro+er si!s t ; erior;n tllr ~tnrnsnts xnd agr~entents curtained in
<br />tabs Mortgage ar ii `stl}- Berton ar peso°ri•,iir-g i= ,•rr.:tr,¢-nea-,: +c;,i~;:, ;natennll}-at:t~t•t: Lender's i7:terel in the rrap-
<br />erty, infiiudmg. i-u - L`mlt£~7 tat Srtn doT - e ;,ol+-. t,rp, .,}1t en;orit`ni-ra t-' „rrangrment< or pnxeed-
<br />III68 m461ring S DstiCRl}eT aT.j?~Cedent.~Tnen Lfnde7 aF l.t'n,1eT~ {at,t;.~,r, nl:ltT"- nltlir LO BniT6weT. Ilia\' Ineke suCll
<br />appcaran~s, disburse -uri; sum:- srd tyke Burl: ~:oar, .~ . .. t•.>un- ti+ ,,n~zert Lt~de* s interest, including, but
<br />ao[ :united Lo. dzstr,;rsen:rr.t u_ reasanai:;e attor.,e+ ~ . and ant^, ono.. [il, P.*o tc* rns,+'-e repairs. any
<br />stuatmia dish;used b}- Le-ndt~- ; _;~>r::*, Tom, .h:i~ :Bra -. ~ ,:t . * .r.~_...:rev: .i~.a.l n,tcon;_ a~<iitlons] in:febt-
<br />£vIIece of Barrawer =ecr:.~t1 't,a- -..:_ \l. ^:_agt~ T-nir~= Born n e* sttci I_rn:ie- agree ;i: ott:e,* tern: of }~,s}-ment, such
<br />amounts stsii k?e psesb!e u}n~n Halite i^n: r 1.:-Hoer to Bi?rrowe.* rr"wt:r=tut`^ ;,s}-rLent -.:~reot, ar,.a -+laii hear :n[er-
<br />~ frt-rm '.`t'. date aI ,~>*tJ[ir 3e.^.lent as. LPC rJtc' Brat Yd ::' 2_`.r 102? ;:mess }~Y+-:.~t"t:t ~ ,r:[krZjl b. _~fits rat E' w"pUlQ Ire
<br />rttatizar}• to applzcs~= taw. iu w:ue'z: rent such. ,'loo . st,al; bee- .nterest -. _..t }~ighest ra[e per;rissibie by
<br />2pPlirahle lstx- \airing carctsinc'1 :.. -! i= ^srag-st,!: '+s!::::: re,;uerr l.rnder tu•'T.cllr an} ex}+ense or do any act
<br />lteretrader-
<br />8. dam. Lendv ua} make * fia•,sc, t:, ,.+ u.a,i: rea-ens!:lI t-::trie> , _..... ,vest:c•ns tit the Prun-
<br />tt~•, pfsn-ides *_izat I.et:dt•r s;:a!l give Burn~wer tat,tr<cF :`riot. to ;:+ ,.,-1, ,.. ~,~e }i:~ .rs-r:.ar,i.• eau<."
<br />the+efor rtiat~xi to Lertier s Interest in ti,e Prt3t+2rL\-.
<br />9. Caademnau~, the prtx+eeds -; ;utsf award or Blain: for danxsge, dirt-t o, cinsequentia!, in connection
<br />with any torr«'ie7*tnatian ar other taki*,gUaf the Propr~nv, et },ara thereof. or tot run+r_val;rr in heu of condemr:a-
<br />t5am, are Itereb}' ass'gtted snd shall k,e paid to Lender.
<br />In theeveat of a total taking of the Pra~peny, [l:e l,n~eee, <Ilali i~ a}+l,lietl 'v_, z!e*_• ,ones secure: b} this Mort-
<br />gage,++-ith the ~e>Las, if any, paid to Bo7r-awer in the erenT of a partial taking cf tree Pro}*+n}. unless Borrower
<br />sttd Lfntier otlie7w•ise agree is writing, they s»aall be applied to the sultts secured itc this \icrfesge such propor-
<br />ti~ of the proc~ds as is equal *.-0 *,hat proportion which tIIP amount of the sums secured uy thi= ]lortgsge imme-
<br />diat~`y prirrr tv the date of takixtg beers to the fair market +•alue of the Propene ilnn:,edia[el}' prior to the date of
<br />ts?ring, with tke ba7aace of the pmeeeds paid to Borrower.
<br />if ti7e.Property is abandotltid try Ba7row-er or if after notice b}- Leader to Borrower tiaat tine cundefnnor offers
<br />to rnaka an award or settle a eisim far damages. Borrow er fans to re.==pond to !-ender wltluu 3J days of the date
<br />of slref7 notice, I~nder ie attthanaed to rrlilett and appl}• the }mar^~tit at Lender's op¢iun either to rr=toratiotr or
<br />repair of t17e Plvpertp or w zhe soots saru7ed by this llartgage.
<br />Iinleas Lender and Borrower otherwise agree in writing, an; such application r,•i proceeds to :, ncipal shall
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