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<br />~ ~giiu rm+~ it i vac
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<br />~ rp,Mr r _•udxr at i3t, iiu~nc r,t ,1{~y :it°tt.rsn s- s u ?a .:.~.r'r~i t P~rt= ~~r3i ^ r. .•.~. . I„ V,a.:: .r~l ~ ~1.~a,vi+rr.
<br />3'„ AppGcciti~nn of Payments. I;Tru.r., rul,~}~Ii~•tta,=la ]ti {~as:u~r•i¢I~ rr lux^r~i^..r, :711 ;; sur:~fnrl,ri i4..tt~,~,~1 H, l.~saan+lt;r
<br />t¢n;ler 8;iue N'otc :enU I~rr,araai;x.t~,!rlos I an,N ~ ha~reim>f Ii,i~].l. I~~s, a{rpa~iu.l 4r.4 i.arm:~cEt,r~ tic ~tl, tat ~~,nyay ttt~ .t o€' .u dpauiasi>utya {lial, alb Et> d, a:v
<br />berader~ ley- Bar~rcaset• un~i~~Ier p7araugr;~pp.+-+ 2 lr~ertr~~o~• ttara¢u cc> tdatt,c°r~~iwt l~~ d•H~~t,lti;'• a:~rr t,lr~!r I"~I~~~ty spark +:~rr, A~"nttt~s~e•r,~ ,!0.,rE,~ o~~u.~z~i raze, uG'
<br />any, and then to the principal of the tote anti to the principal of Furore :',d~ar:eE:-, if any.
<br />r~ 4. Charges; Liens. Borrower shall pa}• aIi taxes. asserr ment< and other cf;arges, fines and impositions attrib-
<br />R°I utable to the Property which may attain a priority over Uric Mortgage. and ground rents. if any, at Lender'::
<br />option in the manner provided under paragraph 2 hereof or by Borrower making I:ayment, when due; directly to
<br />the payee thereof. Borrower sha31 promptly furnish to Lender ail notices of artlounts due under this paragraph,
<br />'~ and in the event Borrower shalt make payment directly, Borrow•cr shall promptly furnish to Lender ..*eceipts evi-
<br />O dencing such payments. Borrower shall promptly discharge any- lien which has priority over this Mortgage; pro-
<br />vided, that Borrower shall not be required to discharge any' such lien so long as Borrower shall agree in writing to
<br />PJ5 the payment of the obligation secured by such lien in a manner acceptable to bender, or shall in good faith contest
<br />~ such lien by, or defend enforcement of such lieu in, legal proceedings which operate. to prevent the enforcement of
<br />the lien or forfei'•~re of the Property or an}• {cart thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements note existing or hereafter erected on the Prop-
<br />erty insured against loss by fire, hazards inchtded w-ith;n the Term "extended coverage'', and such a±i;er hazards as
<br />Lender may require and in such amounts sod for such ;,eriods as Lender rna}• require: provided, that Lender shall
<br />not require Lltat the amount of such coverage exceed that amowrt of coverage required to pay the sums secured'by
<br />this :torgage.
<br />The insurance carrier providing the insurauce strati be chosen by Borrower subject to approval by Lender:
<br />urovided, th..t such approval shall not be unreasonably withheld. All premiums on insurance policies shat) be paid
<br />ai Lender's option in the manner provided under paragraph 2 hereot 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 bender, to protect
<br />its interest, may procure insurance on the improvements, pay the premiums and such sum shall become
<br />p..
<br />immediately due anti payttu}r with iaicrcat at tha rate fart]: ... ^:d ^t^ ^tiI 'id _..^.d eh~Il >~
<br />secured by this ~•tortgage. Failure by Borrower to comply may, at option of Lender, constitute a default
<br />ender the terms of this i\4ortgage.
<br />All insurance lolicies and renewals thereof shall be in form acceptable to Lender and shall include a standard
<br />mortgage clause to favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and
<br />renewals thereof, and 1-3orrower si.aii pro;uptiy furnis}t to Lender all renewal 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 Lender
<br />may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrptcer otherwise agree in writing, insurance proceeds shall be applied to restoration or
<br />repair of the Yropert}• damaged; provided such restorat-ion oc repair is economically fevi6le and the security cf
<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 be impaired, the insurance proceeds shat] be applied to the sums secured by this ildortgage,
<br />with the excess, if any, paid to Borrower. If the Yropert.r is abandoned by Borrower or i2 Borrower fails to respond
<br />to Lender within 30 days after notice by Lender to Borrower that the insurauce carrier of"iersto 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 ur to the sums secured bt' 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 tttonthh- installments referred to in paragraphs l and 2 hereof or change
<br />the amount of such installments.
<br />If . _d__ ., _.. _., t, a4 tinrert, >t,.-, Prnrarr ~, ;_ ra.~ ham- i,anr3Pr ~tl riv,}:t title peel int.arPCt. of P,nrrawrr in
<br />u=a . y....u6,...t.,. _ _ _- __ .-_ __ _.
<br />and to any- irsurance policies nd to a.xl to the proceeds thereof +to t6c extent of the sums secured by this ~Iort-
<br />gage immediately prior to such sale ar acquisitions re=:tiring from damage to the Property I>rior to 'the sale or
<br />acquisitian shall ease to Lender.
<br />6. Breservation and Maintenance of Property, Leaseholds: Condominiums. Borrower shall keep the Prop-
<br />erty in good re};air and s'rali not ,;ern.it or c6rruunit waste, irupairtnept, cr deterioratiott of the Property° and shall
<br />comply wire; the provisipns of any 1?flse, if thi \loripago is oc? a leasoholc~, If ihic \tnr1gage is nn a condominitstu
<br />unit, Borrower shall perform all of Borrower's obligations unrier the dectaratiou of condominium or master deed,
<br />the by-laws and regulations pf the condominium project and consUwent doemnents.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in
<br />this Mortgage, or it any action or proceeding is connnenced which materially affects Lender's interest in the Prop-
<br />erty, including, but not limited to, eminent domain. insolveury, rude enforcement, ut• 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 :u is necessary to protect Lender's interest, including. but
<br />not limited to, disbursement of reasonable attorney's fees and entry upon the I'ropcrty to make repairs. Any
<br />amounts disbursed by Lender pursuant to this paragraph r, with interest thereon, shall become additiora! indebt-
<br />edness of Borrower secured by this 1ortgage. Unless Borrower and Lender agree to other teens of payment. such
<br />amounts shall he payable upon notice from Lender to Borrower requesting payment thereof, and sltali bear inter-
<br />est [rom the date of disbursement at the rate stated in the A'ote unless payment of interest at such rate would be
<br />contrary to applicable late, in which event such amounts shall bear interest at the highesk rate permissible !n•
<br />applicable ittw. \othing contained in this paragraph ; shall +rquire Lender to incur any expense or clo any act
<br />hereunder.
<br />6. Inspection. Lender may ntakc or cause to he made reasonable entries upon and inspections of the Prop-
<br />erty, provided that Lender shall give Borrower notice prior ro any such inspection ytecifving reasonable cause
<br />therefor related to Lender`s interest in the Property.
<br />9. Condemnatiorn. Tha proceeds of any aw•arc{ or claim for damages, direct or consequential, in eomtacLion
<br />with any condemnation or other taking of the Property, a• part thereof, m• for conveyance is lieu of condenmu-
<br />tion, are hereby assigned and shall be paid to Lender.
<br />In the evert: of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mort-
<br />gage, with the excess. if any, paid to Borrower. In the overt of a partial taking of the Property, unless Borrower
<br />and Lender otherwise agree in writing, there shall be applied to the runts secured try this Mortgage such propor-
<br />tion of the proceeds as is equal to that proportion which the amount of the sums secured by this \-fortgage imme-
<br />' diately prior to the dste of taking bears to the fair market value of ti;e Property immediately prior to the date of
<br />taking, with the balance of the proceeds paid to Borrower.
<br />If the Property is abandoned by Borrower or i[ after notice by Lender to Borrower that the condemnor offers
<br />to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days of the date
<br />of such notice, Lender is authorized to collect ant] apply the proceeds ut bender; option either to restoration or
<br />repair of the Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower othervise agree in writing; any such application of proceeds to principal shall
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