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<br />if .a:~r {{;~iwr;zd~t;ta rca.' _~ ir't'r~l.~-~ ~ ..; +~. ~-,rnr w'u, - -, rurclri,~a~a~.irr r.,e.a:~„r ..~•sir.... .e,~~:d:~r!r
<br />:iiP :pile ., t::~ lr_t_,I }.~uaa ura,rure;i~~kac :~ ,au~a~ttr as t;4= clefs. girl' rlir^ 'k ¢;+ro~~-~E a e urn ,,~.•;{emu Ar+M,ri~ Ih~ lr,r, .a,r. ~ t . 9t;:;r:~ ~~µ
<br />~f~i;3y 1 i :c~~r cur .i:a ~. ~esf,rl:;..,.r;e~ s,- : € ~i_rk:L ~_;~ tart e t'ul~ta .+.a ,r~rnlr i ~r vihl r} u,r~a;>r~.
<br />13, .r'ip~tstacn~tncro nt 1Puy^,rxsa~~nls. L.+Gau~rs sl ~fal,n~a,b a~a'r a:arar t a a~;'i is sa„ su.~r lt:hc; ~r~a.Nl I l ey sa;+l;nlh>'l~~ c,cr.u 'crrp Ia+• s.csrul+~~lr
<br />rGrta~.- t a '~ :t l} etv + l~ eri ~r 1 r. ~ - := v ' i ~ ~sYi ar t a I i,^ lal ,,:ar,rl, Ila f : rli+'s~ r lft rta tl i rli I~,,~a Hoot rmY olf srv or ra^.;_ i; ~ uo+ r, t~ra
<br />L_•:crier 'ay Yta;a•awra~a,a, ,,;.ul3er , s~ragraph a ;. •,reob ~.a~..u~: +o rrr.rrttvynlt p a.y rltir~~ s:rur 41h:; '^drr=t. r., II' ruru. I aft;rr .~1rks,a:.c,.~, i
<br />any, sin: SYser, ?r, _ is rmineipal of tine ~:otc~ ;~r._I ro tine hrinripal of 1•'at,ure A~irance=_ i~ am•.
<br />~, Charles. Teens. Borrower shall na}• a._ *_axes, assessments sr..i other e hart--, 'ine- s=,ri i;nposiiions attri~-
<br />r1 utabe to the Prapert}- which may attain: a priority over this 3iortgsge. and ground rents, if any, at Lender's
<br />option ir. the :tanner provided order , aragraph 2 hereof or by Barrawrr :Waking Irayment, when due. directly to
<br />the pays°e thereof. Barro:re.* she?i l;romptiv furnish to Lende* all notices of amounts due tinder this paragraph.
<br />and in t't.e crept Borrower stroll make payment directly, Borrower stroll promptly furnish to Lender receipts evi-
<br />denctng such ,,a3•ments. Borrower =_hall promptly discharge spy lien which has priority over thi_c \iortgage; pro-
<br />vided, that }:orrouer shall not Inc required to discharge any such lien so long as Borrower shall agree in writing to
<br />the payment ai the obligation secured try suet: lien in a manner accel>tshle to bender, or sha(1 in good faith contest
<br />t such lien Icy, or deierd enforcement of such lien irt, legs; f ~roeeedings which operate ro pre?•ent the enforcement of
<br />pa the lien or forfeiture of the Property of an}• ltart thereof.
<br />h 5, hazard Insurance. Borrower siaali keep fhe improvements now existing or hereafter erected on the Prop-
<br />_ crty insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as
<br />Lender may require and in such amcmrts and far such pentode as Lender mac require: provided, that Lender shad
<br />'" rot require that the aneaunt of such coverage exceed that amount of coverage required to pay the sums secured'by
<br />this Mortgage.
<br />The insurance carrier providing the insurance shall be chosen by Borros~er subject to approval by Lender;
<br />provided, that such approval shall not be unreasonably withheld. All premiums on insurance policies shalt be paid
<br />at Lender's option in the manner provided under paragrapi: 2 hereof or by Borrower making payment, when due,
<br />directly io tl:e insurance carrier.
<br />Ln 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 />immediately due and payable with interest at the rate set forth in said note until paid and shall be
<br />secured by this ~riortgage. Failure by Borrower to complyy may, at option of Lender, constitute a default
<br />under the terms of this IVfortgage.
<br />All insurance policies and renewals thereof shall he ir. form acceptable to Ler.<ier and shall include a standard
<br />mortgage ~i~tuse in favor of and in form acceptable to Lender. Lender shell have the right to hold the policies and
<br />reuewais tltereef, and Borrower shall prornptiv furnish to Lender all rene:val notices and all receipts of paid pre-
<br />miums. In the event of loss, Borrower shall give-prompt notice to the insurance carrier and Lender, and Lander
<br />may make proof of loss if Hat made promptly by Borrotver.
<br />Unless Lender and Borrower othertise agree in tvriting, insurance proceeds shall be applied to restoration or
<br />repair of the Propert}- damaged, provided such restersi.ion or repair is ezonanucally feasible and the =_ecurity of
<br />this 1•Iortgage is not thereby impaired. It such restoration or repair is riot cconornically feasible or if the security
<br />of this Mortgage would be impaired, the insurance proceeds shall he applied 20 the sums secured by this Mortgage,
<br />with the excess, if any, paid to Bon~ott•er. If the Property is abandoned by Borrower or if Borrower fails to respond
<br />to Lender within 36 days after notice by Lender to Borrower that the insurance carrier offers to settle a claim for
<br />insurance benaftts, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to
<br />restoration or repair of the Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall
<br />not extend or postpone the due date of the monthly installmetrts referred to in paragraphs 1 and 2 hereof or change
<br />the amount of such installments.
<br />If under psragrapl: I$ hereof the Property is acgeired by Lender, ell right, title snd internst of Borrower in
<br />snd to any ins trsrce policies and in and to the proceeds thereof +to the extent of the sums secured by this %rlort-
<br />gage immediately prior to such sale or acquisitioni resulting from damage to the Property prior to the sate or
<br />acquisition shall pass to Lender.
<br />fi. Preservation and Mcdntenance of Property; Leaseholds: Condominiums. Barrnwer snail keep the Prop-
<br />erry in gcc:d repair° a..d shall riot perrrrit ar eam:nit waste, irnpairn:ent, ar :otcriorsiion of ti;e Prcper„y and sl;sii
<br />comply with tl P m•ovisians of any tease, if t.ltis \Inrtgage ; on a 1?ssehald. IE +t„s \inrtg~, __, ;; Condominium
<br />unit, Borrotver snail perform all of Borrower's obligations under the declaration of condominium ar master deed,
<br />the Ery-laws and regulations of the condominium project and constituent documents.
<br />7. Protection of Leader's Security. If Borrower fails to perform the covenants and agreements contained in
<br />this ~iortgag?, or if any action or proceeding is commenced which materially stTects Lender's interest in the Prop-
<br />erty, including, but not limited to, eminent domain, insolvency, code enforcement, or arrangement. or proceed-
<br />ings involving a bankrupt or decedent, then Lender at Lendere option, upon notice to Borrower, may make such
<br />appearances, disburse suet: sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to, disbursement of reasonable attorney's fees and entn~ upon the Property to make repairs. Any
<br />amounts die4ursed by Lender pursuant to this paragraph 7, with interest thereon, shat! becotne additional indebtc
<br />edness of Borrower secured by this 3ortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from I.znder to Borrower requesting payment thereof, and shall Dear inter-
<br />estfrom the date of disbursement at the rate stated in the Note unless payment of interest at such rate would be
<br />contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible 6y
<br />applicable law. Nothing contained in this paragraph ;shall require bender to incur any expense or do any act
<br />hereunder.
<br />6. Inspeetian. 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 lu•im• to any such inspection specifying reasonable cause
<br />therefor related to Lender's interest in the Property.
<br />J, dernation. The proceeds of any aware! or claim far damages, direct or consequential, in connection
<br />with any eondemnatiwr or other taking of the Property, or part thereof, or for conveyance in lieu of condemna-
<br />tion, are hereby assigned and sha}i be paid to Lender.
<br />Fn the avant of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mort-
<br />. ,gage, with the excesat if any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower
<br />';..and Lender otherwise agree in writing,-there shall be applied to the sums secured b_r- this 3ortgage such propor-
<br />tion of the proceeds as is equal Lo the c proportion which the amount of the sums secured by this Mortgage imme-
<br />diately 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 balance of the proceeds paid to Borrower.
<br />If one Property is.abandoned by Rorrawes• or if after notice by Lender to Borrower that the condemnor offers
<br />to-make an-award or settle a claim for damages, Borrower faits to respond to Lender within 30 days of the date
<br />of such no"Mice, Lender is authorized to collect and apply the proceeds at I:ender's option either to restoration or
<br />repair of the Property ar to the sums secured by this Mortgage.
<br />ilnless Lender acid Borrower otherwise agree in writing, any such application of proceeds to principal shall
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