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1[li ~.;.3,~.0 ~utas;lraul'h 1tS l-s~rca,39''~i+ i~n7lli~exr, w~~zdFl .- ria'r 1."rr,~._,.~ .~ , i,u ,;.hear t.c_.~F~'r I.=++~~1Fr 3srr~der
<br />r:_:..i:4 ~~~ ion i3~sx t]';a3r i3mu~t,u,~isSF~il j6raaln~r t,.~ .6., .r,,uir ~ui' if4un= ll'rNnf, ~. ~+,' iii it ar~~~,avir ~iun~i, ie}r LFinria~e ; i~, M,~,~a~ae
<br />a i.a li_ti 1 -nd:oy,r;,r tliiti !itsiv'. n'N ap;riiir,3sli~ra,u ~.ara ~ . ~ ~ i Yl.o~~. . - ~".u~ ,t, r3~u~ ~iai 7ti7rit~;~i,Me~
<br />~. ~ipplac~~sz'~kioren c,f'Prxy~nents, f r~le,~i~.= ,ia~ ,€, ,.i~eft ~i,m,!' a' i•n~~rlisrir,~ r~,tl~,enrvn ~, rmli l,ue;,u3..uuh~~ a~i.iGe-~a'f u~~~ I~.:i~~a
<br />under iFeA. _viu+~mi .a:a n 3In^.°~ , I ::~ ., ? r li, r,l at„a,'~ +ur ~apr!~P eu'~~ I!r•, 1_ir,ra+~i;rr f„.:9. 8ult sYkynl ~~fift. r7f .alc.nuiu9,i^.~~ pu,uak;~le ~•
<br />Lender i,y Borrower under paragraph ~ 's.ereoi. ai,er: ro interest l,arai;Ie~ or; the Soar and one+rturc AdvUnces. ii
<br />any, ar=Ea t.iien to ilre principal of tl:e Sole a-,~i to flee 's _~ ~ il;al cf Futur :~,a. __ ., -any.
<br />4, Charges, Liens. Harrower shall l3ay all taxes, assessment< and other charges, fines and impositions attrib-
<br />ut.istiic t- the Property ;thicl3 may attai.: ;~ priority over this `iortgage, and ground rents, if ar;}-, at Lerider':s
<br />option in the manner provided under paragraph 2 hereof or by Barron•er making payment, when due. directly fo
<br />tl3e payee thereof. Borrower sI3a11 promptly Yurnisl; is Lender all notices of amounts due ;:nder this paragraph.
<br />~ and ir, the creel Borrower shall make payment directly. Borrower shall promptly furnisi: to herder receipts evi-
<br />~ deneing such payments. Borrower shall promptly discharge env lien which has priority over this Mortgage; pra-
<br />s- vided, Thai Huiivwer s--ll n.,t be req~rired ro `3icrharge any such lien sa long as Borrower shall agree in writing to
<br />~ the payment of the abligaiion secured hp such lien in a manner acceptable to Lender, or srall m good faith conical
<br />+--~' such lien i3y, or defend enforcement of such lien in, Iegai proceedings n-hich aperaie to prerert the enforcement of
<br />'~ the lien or forfeiture of the Property or any part thereof.
<br />i 5. Huard Insurance. BOPrOn'Cr shall keep ti,e improvements now existing o,- hereafter erected on the Prop-
<br />i erty insured against loss lay fire, hazards included within the term "extended coverage"; and such other hazards as
<br />~ Lander may require and in such amounts and far such periods as Lender ma}• require; provided, that Lender shal3
<br />~' ,not require thsi the amount of such coverage exceed that amount of coverage required to pay the sums secured"by
<br />-- this Mortgage.
<br />The insurance carrier i;roviding the insurauce shall be chosen b_; Borrower subject to approval by Lender;
<br />provided, that such approval shall not be rrureasonably withheld. All premiums cn insurance policies shall be paid
<br />at Lender's option in the manner provided under paragraph 2 hereof or by Borrower making payment, when due,
<br />directly to the insurance carrier.
<br />In the event any policy is not renewed on or before ten days of its expiration, the Lender, to protect
<br />its interest, may procure insurance on the improvements, pay the, premiums and such sum shall become
<br />unmediately due and payable with interest at the rate set forth in said note until paid and shall be
<br />secured by this Mortgage. Failure by Borrower to comply may, at option of Lender, constitute a d<fault
<br />under the teens of this Mortgage.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a stanc-,_~1
<br />,,,~ age °l°u : f°. .,sand ' .. a. ~ptable to Len:Ier. Lende'• sl3all l'°, the r3ghf ^ hold she pol~^ ° and
<br />renewals tlrttreof, and Borrower shalhprompkh• furnish to Lender alt renewal notices andu all receipts of paid pre-
<br />miums. In cae event of loss, Borrower shall give prompt notice to the insursm a carrier and Lender, and Lender
<br />may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shalt be applied to restoration or
<br />repair of the Property damaged, provided such restoration or repair is economically feasible and the security of
<br />this ikiortgage is not thereby impaired. It such restoration or repair is not economically feasible or if the security
<br />of this Mortgage would be impaired, the insurance proceeds shall be applied to the sums secured by this Mortgage,
<br />with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower or if Borrower fails t~ respond
<br />to Lender within 30 days after notice by i,ender to Boi`rucrer that tl3c in_...»..__ carrier offers to settle a claim for
<br />insurance'aenefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to
<br />reataratian or repair of the Properly or to the sums secured by this .Mortgage.
<br />UAless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall
<br />not extend or postpone the duo date of the monthly installments referred to in paragraphs I and 2 hereof or change
<br />the amount of such installments.
<br />If under paragraph 18 hereof the Property is acquired by Lender, ail right, title and interest of Borrower in
<br />and to any insurance policies and in and to the proceeds thereof Ito the extent of the sums secured by this ;liort-
<br />gsge immediately prior to such sale or acquisitioni resat*.ing from damage io the Property prior to the sale or
<br />aCiquisiti:5.: s;iall pass i:, Lender.
<br />Q. '_"~v~:°rauan and R~~2Qaa;aeQ as Prep:: y: Larsehalds: Candom+oiu~ss. Borrawar shall k~f, the Prop-
<br />erry in good repair a•,d shall not permit or commit waste, impairment, or deterioration of tt;e Property and shall
<br />comply ........ e pro: isian of a lease, . - -- Mortgage .s on . leasel3oid. if this Mortg»ge is en » co.,...,.
<br />uni*~ Borro„p €hali ,nrfe*m alt of Barrowv- a obligations under the daclarsiion of condomini~:,^: er t -Ldp,
<br />the by-laws and regulations of the condominium project and constituent documents.
<br />7. Protection of Londer's Security. If Borrower fails to perform the covenants and agreements contained in
<br />this Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Prop-
<br />erty, including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceed-
<br />ings involving a bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such
<br />appearances; disburse such sums and take such action as is necessary to protect Lender's interest, including, bet
<br />not limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. Any
<br />amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt becon3e additional indebtr
<br />wine=s of Borrower secured by this _Llarigsge. Unless Borzower and Lender agree to other terms of payment, such
<br />smoun+~ si3z111 he payable upor. notice from bender to Borrower requesting payment thereof, and shaII bear inter-
<br />est from the date of disbursement ai the rate stated in the Note unless payment of interest at such rate would be
<br />eor:trary to aeplicable law, in which event such amounts shall bear interest at the highest ratz permissible by
<br />appGcsble lsv-. Noti3ing contained in ti3is paragraph 7 shall require Lender to incur any expense or do any act
<br />hereunder.
<br />g. Inupeetion. Lender may make or cause to he made reasonable entries upon and inspections of the Prop-
<br />. erty, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause
<br />therefor related to Lender`s interest in the Property.
<br />g. C.rude~aa. The proceeds of any award or eiairn for damages, direct ar consequential, in cor:rreetior,
<br />with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemna-
<br />tion, are hereby assigned and shall be paid to Lender.
<br />In the event o€ a total taking of the Property, the proceeds shall be applied to the sums secured by this Mort-
<br />gage, :vith the excess, if any. paid to Borra:ver. In the event of a partial taking of the Property, unless Borrower
<br />and Lender othet-•wise"agree in writing, there shall be applied to the sums secured by this Mortgage such propor-
<br />tion of the proceeds as is equal to that proportion which the amount of the sums secured by this .lfortgage imme-
<br />diateiy prior to floe date of 'taking bears to the lair market value of the Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower.
<br />If the Property i? abandon==ell by Borrower or if after notice by Lender to Borrower that the condemner offers
<br />to make an award or settle a clair<i far damages, Borrower fails to respond to Lender within 30 days of the date
<br />OI such n2ltrCe, Lender ]$ antllOr'1Led tG CO1IeCt aAd apply flip prOCeedS at Lender's OptrOn CIt11Cr t0 re9toration Or
<br />repair ai the Property or to the sums secured by this Mortgage.
<br />tinieSS Lender acid Borrower otherwise agree in writing, any such application of proceeds to principal shall
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