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<br />If under paragraph 18 hereof' the Yropert~• is sold or the 1'rupern- is odiertcis;• acquired br Lender. lender
<br />>hall spill}', no later th:ut iuvucdiateh• prior to the sxle of t6,~ Property or ir> ac,luisit ion b}' ],ender. env Pun,ls
<br />held by hcnder;;t the time of spplieation as a cn•dit against the suns>rrurai by thi= Alort„s 5e.
<br />3. Applieatian of Payments. Ltnlr:= applieal,lr la?c proyietr•~ othrrtci~~, stl ,,ay-ments rcceieed b}- Linder
<br />under the ~otr :md psragraphs 1 and 2 hereof shall he applied i.}~ Lend,~r tic:=t in p;eti~mm~i of smouota pa.}-able h,
<br />Lender by Harrower under l~sragraph 2 hereof, thou to intoner; ;a;~:;bh• on the Sntc :uni an Future 3,h;uures, if
<br />any. and then to the principal of the A~otc and to th,• principal ui Fun;m :1~it~anccs. i( auk.
<br />4. Charges: Liens. Borrower ehn!1 pa}-all rases, sssesauents ;urcf other charge. fines and impositions attri~-
<br />utable to the Property ,t'hicii rna~~ attain a prmonty over the MartLage. ausi grou:vi rents. if am•, st Lender's
<br />option in the manner provided under paragrsph 2 hereof or by };ornncer making payment. ~chen due, direct-ly to
<br />q-{ the payee thereot. Borron-cr chaff promptly' fi:rnis:; to Lender all notirca of anwnratr due under this paragraph,
<br />^ty and in the event Bonrow2r s}tslt make },a}-nreut directly. Rornnccr >hal; l,rompt;v i,;rnish to 'Lender receipts evi-
<br />.~;' denciag such payrnents- Borro,er ;hall pramlttl}' dischare :un- lieu tchtch i;a~ ,v'iorit} over t-his Mortgage; pro-
<br />vided, that Borroner shall not be required ro discharce am sue:; lieu so tong a> Borrmycr shall agree iu writing to
<br />the payment. of the ohligaiion secured by sect; lien i., ^ manner sceeptable to i.en,icr. ar shalt iu gaod faith co[tt-e~st
<br />~ such lien br, or defend enforcement of such lien in. leg:ts ;,recer;iiz:};< <ci;i,•h oi,erate to in'evrnf the enforcement of
<br />the lizn or iorieiture of the Property or am- Hart t irenaf.
<br />5. Hazard In-sur~ce. Burron'er=call keep t(ic tut},ro,cn,enis ;;snt existing or uereaiter erected on the Frop-
<br />tJt erty insured sgainst foss by fire, hazards included tc ithi;: the term °estend2~i coverage' :;nr, suet; otiur irtzsrds as
<br />~ Lendennsy require and in such amounts and for suet, l,criad= ::. ,~nder mad' require: luayided. that Lender :hall
<br />- not require that t-he a±uount ni such coverage exceed that stnowa of rover agz required to pay- the sust;a saeured'b}'
<br />this Mortgage. •
<br />'a The insvrance carrier },roriding tFte insur:uxc shall i;e chaser 'tn Bon~ower saitject io appmvsi by Lender;
<br />~~~ provided. ;hat saclr appro:ai shall not be unrrasonaeh withheld..Ali oremiums on ineurance policies steal! be paid
<br />Y ~ at Lender's option in the manner provided under l~aragripi: ° Ire:rai et' l,} Borrower ;caking pa}-ment. when due,
<br />e _ directly to fl;e :nsursnce csrrier. `
<br />tit ~'° In the event an}• policy is not renewed on or before ten data of its expiration, the Lender, to protect
<br />its interest, mac procure insursnc•e on the improvements, pad' the premiums and such sum shall become
<br />~ ~ immediately due and payable With interest at the rate set forth in said note until paid and shall be
<br />`. secured be this Mortgage. Failure b}• Bonowrr to oomph- may, at option of Lender, constitute a default
<br />under the terms of this Mortgage.
<br />~ ~Il inuranur policies :snd renewals thereot strap he in iornt c:<r<°p?:;i,ir t;, L,~n.l~•r ;,nd shall include a st:mrlard
<br />~ n;a_rtgsge clsusr i israr of and in Torn, accrptsbie to Le?i'.er- I_erd<•r si:uli ls:-e ttm right to hold the nalicirs :uxi
<br />renewals thereot, snd Barroyer shalt prompth' furnish to i:rr:der ail rer,e•.csi notiee~ ~nci al! receipt: ~; usid pre-
<br />miums. Ir, the event o: ion. Bnrrat<~er suaii elye prampt notice :o t..e insurance carrier and Lender. and Lender
<br />max mskz prom ai toss ii rot made pron;ptly 'ur Borrc,ve.
<br />I;rl~ Lender and Borraser other..-ise sgree in u'ritr.:_, i::~uriecr nrocee¢s shall t ~ applied to restoration or
<br />repair of the Yron2r;v dsmsgrd ro•, iz~-.i - - .._.tor,:.~ ..,. :ir ._ ,~....:mc _ ... ... .,<. rite ecurity of
<br />this __\fertgag2 is net therei,}- :..;>a,~ . ,a .<_,t.... ~~ur } si,- t<~. o ._ a -} .<.-..s!t o.. ti:e :ecurity
<br />of this _\fartgsge would h2 :n;r artt~ ~..<f:ti.ur.,t ~•<` .,.- -.~.;1, ; , ar, .... a -secure.: h}' this \Ierigsge,
<br />with the excess, ii ar--~-. psid to Borron er. ii tar Yreprrn- ir~sisnd<+niwi i,c Borra:cer o..t Borrower fatly ro respond
<br />to Lender within 3J dscr site; notre b}- I__nuer to Barrocv2r bait ?ec nrsuran:r c;;rner oners * , ettir s claim for
<br />insursnce ueae5ts, Ler:der is authorizes to co;lec: std seep ;it,: it>;urat:ce proceeds :t tender's apran either io
<br />restoration ar repsi.* of the Pro}:r;tr .~r to rue s». srecmi i,}' ti:i. \!or[gage.
<br />limes: Lrrder era Borroter ovrrrn'isc• agree -i;: writin,'. at:~ surl. a},, licstior. of -,rocr2d< to pritrcipai shsl]
<br />sot extend or postpaue tirz due date o*' tee ;^enti:i}- isstslitr:ents reirrre:i m ::; }-,a.*~~ranh< I sn.i ° itereoi or change
<br />the amount of such instsllmerts. -
<br />If under;~arsIIrape 3$ ltettat *'~r Yrepr.*ty :. acquired i,v I_er,„ir:.:.., rig:,;. fifty snd rntr~;~st of Borrower in
<br />and to sec insursnce nalicirs st:d i. :in<i *.o the nroceedr [.:errof ,.s ... reef.' :..., suer :<, :era be this \lor[-
<br />gage immediately priar to wel: ssls~ or srs}m~inon, .< _.. = inm:~ dau:a,,~ =_o u;.~ Yn~l>crty error to the sale or
<br />acquisition Nail pass to Lender.
<br />G PzPServatioa sad iylaia{entmce of Property; Leasenolas; Condominicros. Forrou'rr shalt keen zhr Yron-
<br />eriy in good repair a..^,a shsL net rK.^.ni, cr ,~otnr.:i• sy:;:;e. ~ r:;;ai-'?;rn*.. < -. t:o::.,. cur Yrc=l,ert.: and chsll
<br />eomph• with tl:e p2~visio^? ai sn1. 12a,e. ;` tii< \Iartr_sc: ~ i 1 -< Mort;,g < au» ca~daminium
<br />unit. $orrawrr sha'.I ;<erfam: sit a: Borro. a-'> ob: ~, u, ns `,•.:i;. :. ~-,;.i....:,,=z o..o_:dor:,mi;:m ar :nsste.* died.
<br />the by-laws and regalatian_ c e ca:.domi::iar.: 9 ~.... _<. rtin~_ta .lo.un:rut-.
<br />7. Pmtectiane€LendeisSecurity. li Ito^z,t~=. _....- .tern; t., ~.rrr.st;t, :.r,~ :¢retn,2::t, contsined in
<br />this 1lorikagr, or ii sr.}- set;err ^ l~rocerdtn_ :orn._<..,< . n_~ir.. ,.. -er.ilw s,,,. I_:-_.~.er:- ,.arses, in the Yrop-
<br />em•. including. i,ut nu- iirmbi•d . _ <•:r:rue^:: ~.ier_• .. ^;- .. . ;•y, -, „ cnionrtnc..-. ur arrutrgrnxntr ar praceed-
<br />tugs ~voh•uag s lsrrkrcpt or arecient. then Lender nt Le*;~irr~> ot~Grt,. ups,:: Honer to Borrower. *tsv mske such
<br />appearanez; ,..<i,arst- _ ._. __. s and tsse ;cri::anti:gin . _ .,, .._sn t.; car-. - Lz -~.rx= intrrt _-.s•iuiing. huz
<br />not hmrted u~ drsbur_.rutant ai ressanaidr st:orxc> '_ an;i elan ~at?ar,thc' Yronert•: ?o asks repatr_~ .an}-
<br />-a+rottnis --isburaed 1,}- Lrnd<•r r. -...ant , t is psreb -s - ~ . , ~t:~ int<re_t tnrrro*.:. .. txcon:e addit[onal indzbt-
<br />zdn~ of B~orrawer st~cure=_ by t^;_ llangage. L-a:its Barrower sn;i I_en,ier agrees to other [emt: of psyment. such
<br />amount: ='~aii i~ parable near: notice Fran: Lender to Burrow rr rrqursnrsg I?syment t:rereoi, snd shall bF87 inter-
<br />est tram t.,r ,., r ei disbu n:en: a: rite rstt- sistrd ;., ,hr \ote unles_= :,ay went a interE~t s, such rate would be
<br />eonL~ary to appacaclr ia„_ ir; spiel; =vent sue:: smonnt slrss twee interest st the highest rate permissible by
<br />applicatzi<r law. \otnrng ortsin-r *.., ..... ::crag-a sba!; rt•~:lu;n• Lender to incur any expzt;sr or do any act
<br />'~t'etsrn;e-.
<br />8. Iaapeetioa. Le^scr ;r:sc si:sae or cause s<, i.c tnad< rrs>oruhi~ rr,*.nr.. upnn and inspections of the Prop-
<br />ert}, pmyn~ed lust L{•nder shah ~r~ Bcrrua~ei rzou,~ I,nor t~, :.;:y su,-h in.}x-r[ina -},cYifving res~~naute cause
<br />therefor reiat+ed to I_rnder'c intere_n in the Yro;~-rt~-
<br />9. Caodeaa~aEion• 1`he proceed=. of snr awani or ,•lnim for damages, direct or cmtsequenosl. in connection
<br />scitt; any trondzstvratro:r ar ether taiaag of =. hr Yro},<=?y. ar I:ata to°reof_ err for ronyrvancr in lieu of eon lemna-
<br />tion, are ixerehv sssrg[red and ±;rail ia• paid tt, Lender.
<br />In the event ai s total tsiiug of the Yrourny. the ltr cr~ir sl;sli ht slmlic~i to for gums secured by this Alort-
<br />gage, witL the zstx~. if snv. ,raid *,a Barrosrr. Ir: ti;r event ai a partial taking of the Yropcrt}-. unless Borrower
<br />and Linder ~.hzrwise agree in writing, if,2r~ shall bz applied to the Hums servrrd by this \lo:2gagr such propor-
<br />twn of t3ie ymrecds as is equal to that pmlwrtion which the amaum of [he svnss -ecured b}- this \iortgagr immz-
<br />dtafzly priar to the dste of taping hears to ill2 fair msr?:~a value of the Property immediately prior to the date of
<br />~D6, with the haiance of the proceeds paid tc Borrower.
<br />IS the Property is abandaned by Borrower ar ii sfter notice i,p Lender to Borrower drat the candemnor offers
<br />to make an award or settle a claim for slsmag~, $orrower tails to rr.pond to Lender within 30 da_cs of the date
<br />of such natice, Lander is authorized to coSect and app3}- the }emceed. st Lender', option. either to restoratim; ar
<br />repair of the Property or to the Burns secured tt• this \Iongage.
<br />IInlzss bender and Borrower otharcrise agree in writing, any such application of proceeds to priuripal shall
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