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<br />If under parageaph 19 hereof the Propert} i~~ sold or the Propcrt~~ is othcncisc arqun'c;i he Cruder. Lender
<br />shall sppl}', no later' than immediately prior to the salt of the Propene or its nryuisilion by Lender, :un~ lauds
<br />held by Lender at the time of application as a credit a;;;tin>r thr au;us >ecurcr, hr Ilia \lortga_~~-
<br />3. Application of Payments. ITnles~ ;!pplirabk la,c provides other,l'isa. ;tll payun•nt rerticod !n- Lender
<br />under the S~ote and paragraphs 1 sod 3 hcrcoi ti3a;i. 6,~ sppiie~; h}' Len,Irr }i1:a in psi rtem of .In3ounl> pal:,bk• to
<br />Lender by Borrower under paragraph . hrrcoi, then to interest iseshh• cn [he Aote and on Funu-e :1~Icsnecs, ii
<br />anc, and then to the principal of the \otr :uxl m thr i,riuriiral 01' hunln• :ldeanccs, ii :nn-.
<br />9. Charges; Liens. Borrower ehall ps}~ a!I taxes. aF~essmen:a ;uul other charges, iit;es sod impositions rttrib-
<br />utable to the Property which !nay nttsi^ a urioritc rarer this AIm'tg;age- anti ground rents. ii any. st Lenders
<br />option in the manner pmeided tinder paragr.=},}; 3 :r .poi ur in Borrower mskiug payment. whw doe. directdv to
<br />the oscee hereof. Borrower shalt promptic iurni>!: ur Lender all notices of amounts due under this paragraph,
<br />sod it rite eceat Borrower shall ntakc :+eaclrcnt , hectic. Iior!axer -:!all i:retnntly iurv;;h to Lender reetiuts evi-
<br />dencing such pscmeats. Borrower =hat} };ramntty tiisciar,c one lic1: „-hick has prim'it} ore=.' t!lis A[ortgsge; pra-
<br />~ riled, that burrower shall not be required to dischal;;e arc suc11 lien so long as Borm,cer shall agree in writing to
<br />the psymen*_ of the obligation secured it}- such lien in ;! manner acceptable ro bender. ar sh:dl in good fail contest
<br />such lien bc, or defend enforcement ai such '.ien iu. to+~a! },rmcecding= tchich operate to p:ecent the enforcement ai
<br />~ the likn ar tarfeiture ai the Yror.ertc or sac }coca ; hereai-
<br />~: 5. Hazard insurance. Borm,cer shah kee}, t;:. i~unrocen3ents rat,n existit^.~ ar hereafter cre.eted on the Prop-
<br />erty insu::,i against }oss by .re. hazerds included w ithin t:,e term •'extended cacersge". and such other hazards as
<br />~ Lendernsy require sod in such amoun=_, and for sac%1 }==clods :,= Linder tua~ require: procidtd, that t.eude-r shall
<br />~ ` not require that the amount of such coverage exceed t'r.:it amount of cccera:rc rev}aired to }ray the sums secured-hc
<br />this Mortgage. `
<br />The insurance carrier yraviding :Lae i..s3rs:xc s%:a! 'ue c}:ose1; by Borrower a3h~ect to approval by Lender;
<br />:?rocidktl, that such sppmcsl ;hall Slat be unressarabiy ,, ihhela.:~ii premiums o1z insurance }?oiicies si:all be paid
<br />st Under'; oinian ::the manner provided I.,,der ;+aragrs}=i: ? her?oi or in- Borrower making nsyntent, „-hen due.
<br />d„'ect7_c to the nsursnfe carrier.
<br />In the evert sir police is not renewed an or before ten does of its expiration, the Lender, to protect
<br />its interest, ma}• procure insurance nn the impmvkments. pay the premiums and such sum shad become
<br />imznediat~I}_- due and na>•abI? 2~-ith intare~r ar the rsr~ ~ f^,rh ,., slid `il l,a:ti -- shah be
<br />--secured by This Aiortgage. Failure h}- Bcrrn~wer to oomph- mac, at option of Lender, constitute a default
<br />uL:der the term:; of this liortgage.
<br />Vii} ms,;rsnce rc,lieie~ sod re new-sls u;ereof ~i::,ii 14~ 1;2 iorlu a,•r,htabic to Ltmic=- sod s1? l} inei!ldc a standard
<br />!naL~.e clause m iscor of sod m :arm scee}~tai,lc tr. Le1:,trr- Lrnue~. =hsP, ha,-r the r,?ht to '.saki the policies and
<br />reIlkw'ais therkaf, .u.d Borrower s%Sxii }.rontnt'ie furnisl3 to Let:;ier al; r rws': notice: ; ,-~' ail receipt; of paid prr-
<br />rruutus. In the e;'en .ion. Borraaf. -il:; =tie •rroutt>: aun~. to :.~,iir.,'6rance carrier sari Lerd '
<br />_ er, anc Lender
<br />trier' SIlSkk prep: of'i,xs if ro: made roinpth- i~c1Borrawe+'
<br />L~niea's L~enae.* sod Bo.-n~t`~rr ot:lenrisr -s._ t _r. 1,z;ti1=. i1._:!1 _:::: t~ }:ro.•ee,s :hall ',, ..pried :o restorstian or
<br />tYtstraf .%Se Pn,pe^t} .aLasg ~ .u~;d, ; __ t. i:,:.~.. ,. rr}=:::- ` , ..,-:vr .:~ .ri_:h;e ...: the seturiic
<br />this ~iartgage rs not therehc intnairkd. 1' s~~_. restor::tio:. ~ 7~ repair is ~_ c,~o:?u!:r,cail, itasii,ie or if the securitc
<br />of this 3larxgsge ,could i,K in':psirei_ the Sueursree }+reret,is shah 3:,- a, -riled n .,.. ;ems seeureti b}- this Aiortgsge,
<br />with the Lz;a. ii sac. paid to B~rrow~l_ ti the Ymptn~ al~snduntsi it}- Barron~ern-r if Borrower fails to rea-hnnd
<br />to Lender w i*h3n ,ip days suer notice he Lel:uer to Borrower that tilt ;nsurance , artier ate1~ to s_ttie a claim for
<br />irl3titStice irereiits. Lender i~ suth.rred to collect :.r.d nap}c t .- irsu:3nek pro:rz-3s st Lenders optioc either is
<br />re_ctantian or repair of Le Pmpert,' or to the sons secured iry •thia ~langxgr-
<br />Ltnles= Lander sn~i Borrawkr othencise sgrkt t:: wriii:lg. sae s;:t3: s.rpii~•ttiol_ t: proctc'tis to }?rirfipa'. shall
<br />oat: extend or postpone the due date ai he• t:!oni',h :7=tai?n:r.!ts referred *.a rat }, ragrsphs 1 s.: '? hereai or change
<br />the fII1at;.Ilt of 5+_'h instsliments.
<br />if under psraeypl: 1S hkrnof the Yraperc 1: aeq,n;e he Len er, _.._ _ _ ,<t° std inten~st of Bornzwer ir.
<br />,.nd t~snr insursnt_ pa:irie: :;,i to s~.. ,u ...r pn - ,., -.•a, , .. ~ _ ,.IL. ,-^~„ be Elu- A
<br />u iart-
<br />gage Lil3riedlaikiS' }+r_at ;t - -x:r i~ y L, .,-. -t _. _ .-.1 ... i.,, ... .. Pt~,.,ertt .~ 't3c ~:I}e ar
<br />at`gi32Stt1aIl P+~$l I~aa to Lkndkr.
<br />6. Preaerorrfian and Maiateaaace ar PreQerty Leaseholds Candamtniums. Ii r.,wr + all kerl, t^e Prau-
<br />em Ia Fatrd rk~:;:- s _~.a~; = ,Y~,1. , , ,-
<br />- - .:':.~ P.a_ r _. c shall
<br />acs s ... ~ rro ~. ~ as-z. ..-- - ,. _ - .. ..-,.. ?- . _- ~i , .see . ,,...,~ranlominiutn
<br />."` ., ..~.ni ;._,t, , - master feed.
<br />thP`L•S-iaw_ a,; ,tau n ..... .. . 7: .. . . ...... .... .t... ...-
<br />3. ProtectionafLaader'sSecurity. I Rarre,: t. .,.. -_- . _- t-rtn:rots foaixined m
<br />this +ion.~gk, nr _: arc acuula . r rrac~<,iir - :ar.::rn;, : „i,., ..:!;,,:., :, st*„ „ binder - rz.terksi in t%Se Prop-
<br />e24T. mfi,1 F •llt ft- „_..... .. , m3=. 3.. t :::1= , ... ~ . l . „ , , a c
<br />' ta, ~ s I7' Pty i+r }'rih ec't}-
<br />izigsinre,cing s i~,x:,Sr..,: tr ~1.eNent, tr,r.: a.k,.~_e. x~ ,.t.._, ,: _. .-.-. • horn .'r _.,a, Iusi;e suet:
<br />aD'~C337an c.+ ni.!-'Lr.r >L'[ u;l.: .t:a1 LaAr .~~- _ o.: . _srv ~ 1, .... I. .. ._ -.i. Sou ";'ir:~, bt12
<br />"TM`ii[L` t~+, 6u i..:~*nt•_.. 4. ^_SJ?:s.a 3t:i•T"ic'. :ic2> .. ,. t e`t n' :?h%:. •':t~ Pr .~, ..ai:e rFt,6ii'`. -~inx
<br />aSti~3IItc disbutsrd t>t Mende- , -_s.,t ' .. era- - .t . _,. _erz- r - ~ _ }
<br />. _ ., ;,:debt-
<br />ea~ of B.`vaer ~ cure n \i rte ink I i j s : ` ~ . •.~ •.
<br />aew,~zs _=1~sii t~ 3 ac st s ,on ,---_ _ _ _ s -~ ix r. er , pa} mer,1- such
<br />' .. ni... BJ. ,'+ y~ 2- 1 -r r. CU. 31`6 -.ix.l Ire87 nlter-
<br />est Irattl iiif vatY G? t~3~L•~r.e'I:1. ,.2 a2 ..., r9:i ~(&l<ta 1 , f!t ~ n t .1. ,P_5 S .,et:: ti r."P..t 3, - 6C7: TatR R'all2d bP
<br />r'aZt2Za1T LJ appi3faL+ie :8w', :. wn3t1€ ref`nt ~_..: :t?ti~-lint.. c;'gal} ,k5. .^'erkn". 1t t.a, ,^.l~nt't-T r8ic rt2rn11S 1ilIP h}"
<br />sgpii~it:e Saw. `ia.l=:g fan:~iz;ci ._ •?,a< ; _. -, _- .: -...... . ,r :'~^dr- `„ .•.,,,. rx},e1;sr or da anc- net
<br />=u-nticr_ .
<br />8. Let.ae ~.s3 !?aa'st c•r ^au-~ ! ; >i ^ra ' et r..1} t sr- n i c- io ,t the Prap-
<br />eit4, pzvcided hai Lknde- =t!a.il p•+e Borraw-er :=t _.,.- ,.;, -_ .., ,rrt. .. 3:1..~ .raw na%,le rausk
<br />thPTEFOr/.r~~ia~tk(~to~~~ E7~c ;ntgr~t ifl [;:c Ph~I',rni-.
<br />,4 'I'nP PILY:.~,.I"-5 a. - w-s3 Y .., 3 ;a - '~+' ". -~'i;liC Pt i"ti,ncitian
<br />w-itL am zxurdem :anon ~- oche*. tx.ku:g ~„ t3„ Prr re~r~ _n xlrt~- .. .~. , v1 ,-et.i.,, r 1.3 !it ~ of fundrmns-
<br />t~z, are het~bs assigned and sltsll I.-r t+ai;: z c, Lender
<br />In tl~ event o1 s total >,aking of the P.°~rr,env. ti~:r },roca~~:~ -i:aii :.,~ an}•:`tr;: to tke ,u:u, .e-ct3reu h} ihiF Jion-
<br />g~k, w-it}I the excess, i*" any, paid to Barmw'er. In the et'et,t of a },solo: ta!c3ng ai t'te Yra{rrtt3~. +snitu Borrower
<br />oral Leader rx'ise agrek in crime. cher st,xil #re apphnt to ti:r su3z~ ske-urtd i,y chi Mortgage such propor-
<br />tron trf the pznceed; ae is equal Lo ttat propanian which the anxaunt of the stu>a= ~>ct-ured h,- this Siartgage imnte-
<br />dintely pryaTto flee date of tal;it3g treats to tl!e lair zi!xrker t-slue of thr Propen+ imn,ediatel~- prior to the date of
<br />~. with halarrt,z of the pracead; paid to $ormxer.
<br />If Lh° Plopeat} is s6andoaed by Barrow-cr or is nfL:+1- not:ee },r i,ender to $orra,z'er that t:e condeLnn:rr oSers
<br />to make an ascard a.* sezt3e a elaiza far da"des, Borrower :a.',. to rr~patld to Lender wit%nu 30 does of the date
<br />of such notife, Lender is authartud to collect anti apply the 1!raar_-ax u1 Lender:= rrg,ti,rr. Mitt:rr to re=toratian or
<br />*tpair of trite PmRertq or to the sums securetI a} this ?.icngsge.
<br />Unikss Lender and $orrower athenvise agt'ee in teritiL3g, anc such application of proceed- to }rrincipal shall
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