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<br />i ,y~ s_ Y~,= "~.' 2,ui 1.t ~.Y ~~f :_,i i. ~°stili I~td a.t ~e, ~crii Ilir t~llu;.io. il. M I:o- .i.~uuir .,~t-~rif i i ~M, ;'Li it a;~•~.~
<br />,. ~:9rtatGrtwt&ious~~ ~u! ~iy~ruuex¢tsw L1,~,i.IG.r ~uu°C~;.iu~~lr. la;~:ri i -.uc'~~+ri~ :r,r~.Y.ar,tr ;~i^ur~r urruLll ~~mi ~1 ~V~,~, L.~~¢~uJid~_
<br />_r:.__..-.,. it+~~,~F l~v:sgrst;x.ta i ,.. 1. ~: .. ..-,. s.. ®_., -- ie-sn_- _.. .:u. ..._ _- - ~.~ - y ._ ,.
<br />,.~ .. I°~:.ooze- _..tl. _ s~ .r '3 - _. , _- .. ,. ,.. s-z-°•,..._ _. ~ '.L.._ ,,. , ~.. r - _ ~ '` a _.. _:
<br />1 i, - L-F~ tf} 1,e' -. L...ax .~,i3 9. .. ;. : •~.t~c .-.a t4- . .a3. rc ~x,,r.w..i .'is:i S ^,V.
<br />4, gsa: Limos. Boo rawer =!.a . ,,a. .. ,.rxe*. x°~}~`ve4.- a.. 9 r7_~tir r ,:-gv-- -:r.~:. and rz p~;tu,:~~ st~r±,-
<br />~ ab e to . h P npe*' wr-~% 'nati a?,a § ~n-'. a sr t+ v_ `~Ior*gag :~ e-+~u- ^ r a . a ;.R ,dfr"
<br />z - -'~ ,' ~ -a.a e , ro ~e.x a~_ a- ~_ _ t r c a s B,s~tasr_ - ak ~ a; + ~-~*- t e r=rer^'' -n
<br />~ me o~t.e trerevf. Borrvxer tat '}.a,nl zs- a tr.-.~. a., ra r(~_ s,, a..3al..t_ :, _rra_a i-i ara~ap_**:.
<br />ones to tt,e gent Barrvaeri. + r}~.ac fak ~_±:rer'.l'r B~*raxrr - a3 err _:r um~: tv Lender *ene;pts e,-
<br />ceRe g _~ c , e ~ r.,ent tsrrrvhe a~: ~ rorit u : c argN a,a. ,.-a, : n r ;:~ . na to r er r s 3iortga3e, pro-
<br />vid~ :__^.at t3c s xw na3' rv at rer'u:re to r'r~r°„ar~e an,- Puri. iter sa ~a g a Bo-ro? ~r as agree in w-nttng io
<br />Ene pa,znent aI t:?e at>31gat,On fieillF,.!i by _ti_.. 1._...n ai .T>aP.ner at'Cepta43_ :ax9.,t3-_.. ar :...a,..n goad ;aiti: ^antest-
<br />such lief; hy, or rleferFd enforcement o: sac:let: in. legal ;>rrrreersany- v-hir:-. +>perate tfi prerent xhe enforcement of
<br />fA rite lien or fvrfeikur vi tie Property c- a =z ,.art i,ereof.
<br />~ S, Iiazazd Insuzaate. Barro;i-er =ha't liee',1 r3:`-- :; ;:,ra.ements now exi-rir.r ar }reresficr erected an the Prop-
<br />c.~y- insured agsir„t furs by firs, hazards ireiuded •.ritt,in the term '`esterded cavezage", and sue;, other hazards as
<br />Lender rray , equine and in such an3o3uttt=_ a::d `or -uc: = eria;s an i.;aver tr,ar require: pro;'ided. that Lender slrail
<br />not inquire that the. amount of such eov•erage exceed tli~~t amaurt of coverage required to pay the sums sacured'by
<br />this ~Iorigage.
<br />Tire insuran::e carrier luoviding the irsura.tce shat: he chosen Iss Bvrrvcr>r s~lbject to apt,ro,-al by Lender:
<br />pravir3ed, that such approval shall not be unreasonabtr withheld..~ii premiums on insurance paiicic5 shall be paid
<br />at Lender's option in the manner prodded under par2graph 2 hereof or by Borrower making payment. when. due,
<br />directly to the insurance carrier.
<br />in iha event any policy is not renewed on or before tan days of its expiration, the I,ertdez, W pretest
<br />its interest, may procure insurance an the improvements, pay the premiums and such sum shalt become
<br />immediately due and payable with interest at the rate set forth itt said notes anti! paid and shall be
<br />serazed by this :4iortgage. Failure by Harrower to comply may, at option of Lender, constitute a default
<br />undar the farms of this Mortgage.
<br />311 :. v. e Y.,l't,~ rd * . .,als tlte,eaf ~t.Lll tie . ac;.ept~blo a rend., nd sr,all ,y,.i,=de v ~.......:.a
<br />mortgage clay.=e in fsrorJof andyin form acceptable to Lender Lende_ _hall base the right to hold the p.ohcten s-_ .
<br />renewals thereof, and Borrower shall protnptty furnish io Lender all renewal notices and all receipts of paid pre
<br />miums. in the Brent of loos. Borraw•er shall give prompt notice to the insurance carrier and Lender; and Lender
<br />may make proof of foss if r.•vt made promptly i1y Borrower.
<br />Unless Len.:per and Borrower othenvise agree in writing, insurance proceeds shall he applied to restoration or
<br />repair of the Yro~~erty damaged, provided such restoration or repair is ecanonvcalfy feasible and the security of
<br />this itilortgage is not thereby impaired. If such restoration or repair is not eronamically feasible or if tha security
<br />of this ~Sortgage c~-ould be impaired; the insurance proceeds shall be applied to the sums secured by ibis lt'iortgage,
<br />with the excess, if any, paid to Borrower. I'f the Property is abandoned b_r• Borrower or ii Borrower fails to respond
<br />to Lender within 3fl days after no+.ice by Lender to Borrower that the insurance carrier offer to setle a claim for
<br />insurar:ce Uenehts; lender is sutlivrized tv c°Ileet and a ' the ~*' .._ ~ro%eeds ar. T_,ender's option either W
<br />p'r'.
<br />restoration or repair of the Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower othern'ise agree in writing, any such spnlication of proceeds to principal shah
<br />not extend or postpone the due date of the monthly insiallments referred to in paragraphs 1 and 2 hereof or change
<br />the amount of such installments.
<br />Ii under paragraph I8 hereof the Property is acquired by Lender, all right, titre and interest of $arrower in
<br />and tv any insurance policies and in and to the proceeds thereof ito the extent- of the sums secured by this ~Iart-
<br />gags ~~^~edia=_s'ly pr.ar to suelr sale er acquisitionE resulting from dsn,yre *=-.a *the Prr'perte prior m t-he sale a.
<br />acqu~ition shall paw to Landar.
<br />ti, s~s°~szsa+doa and nrlaiateaaase of Progezty; Leaseholds: Condominiums. Borrower shall keep the Prap-
<br />-ei==y 3rF quad repatrn`,nd ahaii r pc~iuik. "_ - Ste, r ~ auf-r.t-, Far deicixarGtran of the Prvpcr`iy}" ar,d shall
<br />comply with the praricions of any !ease; if ±his Mortgage is on a leasehold, If this Mortgage ii an a cartdominium
<br />unit, Borrower shall perform all of BorroFVer's obligations under the declaration of condominium or master deed,
<br />the by-laws and regulations of the condominium project and constituent documents.
<br />7. Prateetioa of Lendei s Security. If Borrower fails to perform the covenants and agreements contained in
<br />this Mortgage, ar 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. insoicency, code enforcement, or arrangements oz pzoeeed-
<br />ings involving a bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such
<br />appearances, disburse suci: sums and take such action as is necessary- to protect Lender's interest, including, but
<br />not limited to, disbursement of reasonable attorney's lees and entry upon the Property to make repairs. Any
<br />amau.~ts disbursed by Lender pursuant to this paragraph r, n•ith interest thereon, shall become additional indebi-
<br />edness of Hor_:,wer secured by this 1lortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear inter-
<br />est from the date of disbursement at khe rate stated in the \ote unless payment of interest at such rote would be
<br />contrary to applicable law. in which event suci, amounts abaci bear interest. at the highest rate permissible by
<br />_ applicable law. \othing containc~i in this paragraph ;shall require Lender to incur any expense or do any act
<br />• hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Prop-
<br />erty, pra~•?ded Thai Lender shah giro 13orron-er notice prior to any such inspection specifying ressan~itle cause
<br />' kherefar relatad to Lender's interest in the Prapert.
<br />- 3, Coadernnatioa. The proceeds of any award or claim for damages, direct ar consequential, in connection
<br />with any candemnativn or other taking of the Pralwrty-, or part thereof, or for conveyance in lieu oI condemna-
<br />tion, are hereby ~~signed and shall be paid to Lender.
<br />In the Brent of a total taking of the Property, 'the proceeds shall he applied to the sums secured by this Mort-
<br />gage; with th;• access, if_ any, paid to Harrower. In the event of a partial taking of the Property, unless Borrower
<br />and Lander othenvisc agree in writing, there shall be applied to the sums secured by this \iartgage such propvr-
<br />tian of the proceeds as is equal to that proportion which the amount of the ~.rms secured by thisliortgage imme-
<br />•diaxty prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />taking, with the balances of the proceeds paid tv Borrower.
<br />If the Property is abandoned by Borzowar err if after,' notice by Lender to Harrower that the condemnor affezs
<br />tc ;aka an sward err <ettte a etairif foz damages; ~6rrower faits tv rt~pond is Lender within s0 days of the date
<br />of such notice;-Lender is authozized io collect-and aplily the proceeds at Lender's option either to restoration err
<br />repair of the P;°operty ~ tv *he a37t3s s:,rerl by t~tis _liortgage.
<br />Unless Lender and $arrower othenrise agree in writing, any such appiieation of proceeds to principal shall
<br />~:
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