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<br />boil , 1.r' l'r it 'i'r,r. tr, t,i call; ;;,atl',n1¢. u ; purl .tt,.,,il;.„. i „ a;n. ;'vr'i i ~~ ;i~r ~ta~r.
<br />~ JitapL sFrasn of p x~rnarsi Fri clr i Vu; It ei; ; u I u ril ; ; ~ '; ~ ,, is r t n i a I ' z ~ ilu r
<br />tr:;a z r am ++ort , s.. Ir„pr s- ~n~a,: 1 a lal ~ '~t , it i,~:3~~1 >~ t}',t~~~i3u t ~ u l ~du;J ; li; u t 4;11+,n r , ;, ,; ,. n tell =. il~
<br />G.a~~sn ~.. ny° Li;ksctaer =; ,~!.., pr..tx;~,yt~l ., w 1; r+ u r V~ma a 1e~ atmbrr~ia, o unzS.i,i ~r~ tler ~t ,t,,:rt ,.. ~i-a. -t..r~s'n+.> . ri
<br />arty. anr; titep to the principal of the \ot,. err ; *.o *"ru• }+rtne°ir;rt of :~=sure, ;st';.::.n,.r,-;- -- _^~.
<br />4, ~~r~es; Liens, Borro•ae t ;; , ~ :x~ _ e- ..s u,.-} c- Pte i. ~ r ~ ~ rr, v-i , attrii;-
<br />utable to the Propert}• achivh ma} tat., .; p,:uri . r1e,~t, t linrtgage. .os.,, re..;._.., :,,,.., Lander"=
<br />option in she manner provided under ;;aragrac;E=. 2 hereof or 3 v Borrot~er tna=in_> pa}'anent. when clue. direv.tly tr,
<br />(.'~ the pa;;ee t;tereof. Borrower shall promptly furnish to Lender all native; of amounts due order this paragraph,
<br />and in the event- Harrower shall make pa}•ntent direvtiy. Borrower shall pran;pri}° furnish to Lender receipts evi-
<br />+~, denting such payments. Borrower shall prcmptl}' disvharge an}• lien tivhiel, Itas priorit}- orer this \iortgage; prr~-
<br />oiled, the; Borrower shall not be required to di_ritarge and- such iier. so long as I3orrcr:er shall agree in writing rn
<br />tc;e pays tent of the obligation sccureri by such iier in a manner acceptable to bender. or shad in geed faith contest
<br />such lien by, or defend enforcement of sucu lien in, legal proceedings w};ir,h operate to prevent the enforcement of
<br />~ i.he lien or forfeiture of the Property or any hart thereof.
<br />~. Huzrtrd Insurance. Borrower shall keep the unprocentents now existing or hereafter erected on the Prop-
<br />erty insured against loss b}• fire, hazard; included within the term "extended coverage'',. and such other hazards as
<br />Lender may require and in such amounts and for suet; periods as Lender may require; provided, that. Lender shat]
<br />not require that the amount of such coverage exceeii that amount at coverage required tc pay the sums secured'by
<br />this Mortgage.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender;
<br />provided, that such approval shall not be uureasonabl}' withheld. ~ll premiums on insurance politics 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 ter, days of its expiration, the Lender, tc protect
<br />its interest, may procure insurance on the improvements, pay the premiums and such sum shall bec~rne
<br />immediately due and payable with interest at the sate set forth in said note until paid and shalt be
<br />secured ',y this Mortgage. Failure by Borrower to comply may, at option of Lender, constitute a default
<br />under the terms of this Mortgage.
<br />Ali insurnnee Iiolieies and renewals thereof shall be in form acceptable to i.ender and shall inehrde a standard
<br />mortgsge clause in favor of and in farm acceptable to Lender. Lender shat} have the right to hold the policies snd
<br />renewals thereof, and Borrower shall promptly furnish io Lender sli renewal notices and ell receipts of paid pre-
<br />miums. ir. 'the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender, and Lender
<br />may make proof of loss if not msde promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall 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 \.iortgage is not thereby impaired. If such restoration or repair is not economically feasible or if the security
<br />of this Mortgage would he impaired, the insurance proceeds shall be spplied to the sums secured by this &Iortgage,
<br />with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower or if Borrower fails to respond
<br />to Lender within 30 days after notice by Lender to Borrower that the insurance csrrier offers to settle a claim for
<br />insurance benefits, 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 />net extend or postpone the due 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 I8 hereof the Property . acquired h-y Lender, al] right, title and interest of Borrower in
<br />and t~ any i.^,suranen policies and in and to the proceeds th€ri3af t to the e..ient of the sums secured by ibis ~iori-
<br />gage immediately prim' to such sale or acquisition i resuitin~ irmn damage to the Property prior to the sale or
<br />scauisition shall Hass to Lender.
<br />&, Preset ratios amd Mmatenance of Property; Lectseholdsa Condominiums. Borrower shall keep the Prop-
<br />~rty in gt;:,d repair and shall net I>ert:rit or comriit waste, irnt,siruent. ur deterioration of the Propetty and shall
<br />comply with the provisions of any Iease, if this \inrfgagr ;s _ . ~ }~asektolal. If tlris Mortgage ik „ .~ ~orrdou.~rru,~
<br />unit, Borrower shall perform at] of Borrower's obligations tinder khe declaratfort of condorniniurrt or mssierldeed•
<br />t:ra by-laws and regulation; of the condorrriniunr project and constituent documents.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants sad agreements contained rn
<br />Lhis Jiostgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Prop-
<br />erty, including, but nut limited to, eminent domain, insolvency, code enforcement, or arrangements or proceed-
<br />ings involving a bankrupt or decedent, then Lender at I,ender•s option, upon notice to Borrower, map make such
<br />appearances, disburse such sums and take such action as is necessary to protect Lender's interest. including, but
<br />not limited to, disbursement of reasonable att.orney's fees and errtr}• upon the Property to make repairs. Any
<br />amounts disbursed by Lender pursuant to this paragraph i, with interest. thereon, shall become additional indebt-
<br />edness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be paysble upon notice from Lender tc Borrotvc, requesting payment thereof, and shall bear inter-
<br />est from the date of disbursement at the rate stated in the \ote unless payment c[ interest at such rate would be
<br />contrary to applicable law, in which event such amonr,ts shall hear interest at the highest. rate permissible by
<br />applicable law. \othing contained in this paragraph shall require Lender to incw• any expense or do any act.
<br />hereunder.
<br />f1. Inspection. Lender may make or cause to be made ressonahlr entries upon and inspections of the Prrop-
<br />erty, provided that Lender sba11 give Borrower notice prior to any sorb inspection Specifying reasonable cause
<br />therefor related to Lender's interest in the Property.
<br />9. Condemntation The proceeds of any asvarc{ ar claim for afamsges, direct ar consequential, in connection
<br />with any condemnation or other csking of the Property, or part thereof. or for conveyance in lieu of conderrrns-
<br />tion, are hereby sssigned snd shaft he paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this :Mort-
<br />gage, with the excess, iT any, paid to Borrower. In the event of a partial taking of the Property, unless Borrower
<br />and Lender other•vrise agree in writing, there sl}ail be applied to the sums secured by ±his yortgage such propor-
<br />tion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage irnme-
<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 bslance of the proceeds paid to Borrower.
<br />If the Property is abandoned by Borrower or if after notice by I:ender to Borrower that the condemnor offers
<br />to make an award or settle a claim far damages, Borrower Faits to respond to Lender within 30 days of the date
<br />of such notice, Lender is authorized to collect and apply the proceeds at Lender's option either to restoration or
<br />repair of the Property cr to the sums secured by this \torigage.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall
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