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<br />If under paragraph 18 hereof the Property is sold or fire Property is otherx-ise acquired by Lcnder. Lender
<br />shall apply, no later than itumediately prior to the sale of the Propcrt}• or ih aaiuisition by Lender. sm- Funds
<br />held by Lender st. the time of application ss a credit against the uuus secured 6}~ this Atortgagc-
<br />3. Application of Faytnents. ilnless applicable 1nx provides othent•isr, all pacmenh rcceit rd by Lender
<br />under theNOte and paragraphs I and'2 hereof sha11 he applied by Leader first m pa}•ment ai amounts payable to
<br />Lender by Borrower under paragraph `v hereof, then to interest pxyah}c an the Dote end nn c uruc ~dvsnres, if
<br />any, and then to the principal of the Note and ±o the principatl of Fuhire :>.dt:nires. ii :uty.
<br />4, Charges; Liens. Barrower shall pay all taxes. assessments :tad other charges, fines sad impositions attrib-
<br />utable to the Property which may' attain s priority ot-er ibis tifoitgage, and growid rent:, if any, st Lenders
<br />option in the manner provided under paragraph ° iurr~ii or it}- Borrower making psymenf, x•hen due, directly to
<br />the payee thereof. Barrower shalt promptly furnish ti, Lender ell notices of amounts due under this paragraph,
<br />i„ ~ and in the event Borrower shalt make payment direct#y. Borrower shalt promptly tarnish to Lender receipts evi-
<br />denaing such payments. Borrower shall Iz ut=tpti}• disei;srge at:y !tan which has priority over this Mortgage; pro-
<br />rided, that Borroxer shall. not he required to disrhan;e any such lien so long ss Borrower shall agree in writing to
<br />the payment of the obligation secured by such lira in :+ manner acceptable fa I:ender, or shall in good faith contest
<br />ay =urh lien bv, ar defend enforcement of =uch lien in. legal proceedings x-hich operate to pre~-eat the enforcement of
<br />L-i3 ~ the lien or forfeiture of the Propertti- or :tny Dart thcreoi.
<br />~ b, i3a>rard Insurance. Borrower shall keep t:=~^ :mc+mt ements non- existtn~ ar iteresiter erected on the Prop-
<br />~ erty insured against Ions by fire. hasards inciudc~-I within the term "extended coverage ', end such otlie:• hsaards ss
<br />Lendertvay require and in sac`s .urotutts and tar airh ;'.rriod< as I:ender may require: provided, t#iat Lender shall
<br />trot regtum that the atraunt ai such coverage exceed : i:at sntount of coverage required to nay the sums secured'by
<br />thi;liott~^..ge.
<br />"l';.e insurance carrier Itroviding the insurs;:.e s:isil he chaser. he Borrower suLyect to approval by Lender;
<br />prc.~ded, that. such spprvai shall rat bt• uimas,?nai~li- withhekt- _lll premiums en insurance policies shall be paid
<br />at Lenders option in rite manner provided :u,;:er i~srsgrspU '_' itereoi ar'.+~- Borrower inakit.g I+.v~ meat, xhen due.
<br />d,tectly to the insurancz carrier.
<br />In the evenf any police is not renewed ar. or before ten da~-s of its expiration, the Lender, to protect
<br />itr interest, may procttm insurance an the improvements, pay the premiums and such sum shall become
<br />immEaiately due and payable xith interest at the rate set fort` in said note until paid and shat' be
<br />- ..s r ~,t~. ~_t;i,~tp a rleiault
<br />sECVred t,v this \forigage. l:ailure by Borrower to compi~ ins>, -. ,,pt ~+;. ~. ,.~.... ...,.•-,.----- - ------
<br />under the terms of this \iortgage,
<br />~Il insursprE palicie=end rznewis thcreoi sha?i l,c in iarn~ s~~+-,^htsblr ti, Lvn.i.•r :,nci ~:ali iucsa:Et~ s stan+ian;
<br />nwatgage rlsu~ in iavar of and in ia_ma accepisbie tt~ I.rni{er Lender shall lisvc !in• ri_i:t to lioiet` thr l>ottcizs ~t.^.+{
<br />remcwaLc thertwi, snit Bortnwzr shell pronrpt3~° tarnish uz I.eodrr all rznewal notices end ail reeetpti a{ paid pre-
<br />tnit:ms. In the rvettt ei Io>, $orrowe; s:tali 3rzrc {trom}p: i:otit~ to t t• :nsuranrc carrier end Lr:taer. an.i bender
<br />map make prom ai iit5s ii not made prampth- ?n- Borrower.
<br />guess iastder end Barru~s-er rthersr;:e sg_zz in ac rtt:nz , ic._ ~,.anre Itrtxceds sitali ~ a;,r?led to reswratton ar
<br />rppsir oa the Pranerrr dantsgzd- pmvidt~9 ctici`. rzs;aratiav or repair is econontic:a3iy ie:.-i{.3e _;nd tf_c serurtr of
<br />tb~ ilvrigage is not thereby' ;tnpslred If >...^ tc~iarinon o_ repair i= not <-ron~i t -i ;v ei t, e or it the serurtt}
<br />o€~is `tlortgagewouldbe i~:pain~i. tip ~::rsncr hnm•ezas shall l+e spphc.^ to tae ems settire. #,}' tlat_ Mortgage.
<br />e-itit the a=ress-ii any. paid ae Ifo~wx:. ii the Prapertc _, aban~Ioned by Barrower or ii Born,wrr fails to respond
<br />m bender x-itisin~tt,ises after nntt.e b, Craver to Borrower that t'vz insurance car:-ter aner- to _,:t'se a claim for
<br />iasuraut~ tattteitts, Lende::• authonaeu =a co>ert s.^.d apPlr the insurance prueertis st i_ender e ontian either to
<br />resgatat:•rw of repair of t;:e Pxs~}»~rtM' ar to the -ut~ secured Lc this _llangage.
<br />Lnlc~ Censer an•~ Ratzaaer ~:herxxsr sgrer m writing. snc so•~h spl?hcatiar: of I,mreecis to principal shall
<br />not ~ or lx~tpane the dtx cafe of the ntantl.=.y instaihnents referred to in paragrapi;= I end " i;en>oi or eltange
<br />the amount ai suite ~t-s. ,
<br />B tkader ;,arag,~cp.". SS tteemcri t~:r P;a:rert~' :s sccuira+i by Lcnder- sic ;ig't;t. *ttlr ynd rntetr>t ai Botmwrer in
<br />sad to any, t•:su.~ aaetriE- d a~ ~ .tr rxu-t-~ +ner~~,: ; to rite axten: o t?-c• ~.tm -~ :t+-n b~ # is \Iart-
<br />gage ~atrati' ,~*ta. to ~ ...- sa<r ~t ac~ui'aat.o-- :=,uitiag tmrt :is~t+sge tat .e Pizlx^t~ to _t:e <ale ar
<br />sctltt alasll ?tsar to Lender . -
<br />C, ~ asd wee of >'rap+m: i.eaaehoids: Condmaiatums. Iiartvx er sLsil ace}, the Ptup-
<br />='"#'a'- an psi; a- ,,err- ~~- xsa=c. i`1}:~ riven z tcnont.c,:: t s :'raprrt}- and shall
<br />y w-eh ;=.e _,r i-~ - =~-.~ . ~t st s s t _ ?, t::i _Mertcs~z s an 3 candatrinitln;
<br />e~my~it, ~is23iR~cr =.Lfa-.. ;a2~.,i.t~. x-~ ~i $r'~...-ur. - ~ . .-Via'.'- '_ : i~. .. ~ i9.si?t,i. a>. i a:1~la,iuii]tSlFi +,7 inaStE7 i1@ed.
<br />ff3L' tl~-iat6>~. ano ~. ~E"~tla3?`l!:L 1i ?nti' ~4r -1 '31. `1~ t is ~ ' - t t' ~l --:IC't' t
<br />7. p:aiaetian at L~der"a Sseu:it; I^ Bor~saac :a.ii.. , }+cr_r,r ..te tot`s s_t. ;,. i _:c-reentrnts contained in
<br />t~tiis'~ittrt,gt~ge~ ar ti any anti , ,racrK.i~ g 1 r c 4 -+ t -. rat s t -: r.1e . irtetest in she Prop-
<br />~y, ierluding. hat si*: i:tnated .o. c°;_. ems., da n r-.• r , .c 9 .,.t.nra z., +. ..rrai:genirtara ar prorecd-
<br />'~ in~olviug a hanker=pz or ,.~.^~:ent tar: l.ru+5er :., ; e rt : npt.a.,, ::}tor, .totst-e to Barraarr nsti' :Hake such
<br />app$atano~, dishur~ suet: amass i.nc .sae >u<•;: attl~*.:,_ . i:z~ r,n.~rn ;r, nrGtr.=. Leader's interest rnrluding, het
<br />~• p„~ to, tt~=~Lt of z+ta~anEt.e sttor~~ee r '~ end ^i?t n.` apace the Ympen.- t+t make repairs.:',ny
<br />,~ ~.~ ,3 ;?r Iatxder }:u ~yant t~s t'.^.is ;tsragra},i+ ;-wit?+ iste~st the~~ar.. sis9ii he~atue additianal inde6t_
<br />edne~crt Burrower secured by tt!v ~Ianr. L"nle~ $ormwer anti Lt-nder agtr-e to other terms ai paymenf, sueli
<br />ataauata sltaii be paya;lk ttpnn n~u:e ir;~ne Lcnder to Bc.rrex-er rztluesting payment therevi, and shall bear inter-
<br />ert harm the Sate ai disbu.~tintent at e!re rs.e >ts:ed i=:he \ete uniesc pa}-metit tai interest at such rate would be
<br />'9 tas applies ,le lays, in which rvenx sue}: srneunts shall #tear iatetrs*. s*, the highest. raze penzsissible by
<br />aerie Irtw. Nothing eortaini'i: t...t.is };;-'~'rY;'i- % =1:x:1 re l'-'zrc I.trider to incur acs exr~nse ar dv anc acf
<br />fL Lc:sder rase :Hate nr ram' to #u• madt• era-Cana#,?e c-ntnw: uFtar, and inslx-etiaas of the Prap-
<br />ertc, pra>-i+~sd t;„at Len',er tha:I give 1'~~-t:~c-er no':rc-) >.';ai' co :trv ,urti ia:prrxic>n <l+c~•ii4•ing rt^ttsonahie eau,e
<br />therm' tr.Iatc+d to I.rnder's interest in the Propenv-
<br />~, 'I'he ~•~c~;= ~i s a :°ard er rl3ir.^. fer da^-ao~. +h-~ t nr consequential, rn connection
<br />a-NIt anq --- ••~ or atlter taking ai ttte Iaroperty, ar )ran t?iercoi, ar far contF~i^anrr in :izu of condemns-
<br />traa,are Icy assigned and ~slf be paid to Lender.
<br />Ire the erect of a total taking of the Property, tS3r i,roezed~ shall ta• applied to tlic Hums secured 6v this !fort-
<br />. gage, with the , ii am•, paid to Borxvlc°er Iu the etrent of a partial taking ai ;he Properly, unless Borrower
<br />satlj~ +eiaE agree in writ$ag, there shah l,e applied to the stutas secured lry this \Sartgage such pro};or-
<br />"""` t:~ ~ ti#e ~ as is ertttal to that prognraaca which the amount of L:sQ Hums scr_urtd by this ~fortgags imme-
<br />dmtaiy paiar to tfte hate of taking bears to the fair market. value of tl>Q Properly immediately prior w the date of
<br />tai~g, two Lhs linlaace of t3xe proceeds paid to Borrower.
<br />13 ~~g is almndorted by Borrower or it after native Uy Lender to Borrower that the condemnor offers
<br />ttf make ag awerd or seLtde a claim for damage, Barrower fail= to respond io Lender within 3Q days of the date
<br />ref such nts3ce, Leader is sutfwrtaed to eoflert and apl>I3• the },i•oceeds s[ Lender's option either to restoration or
<br />repsi~r of the Property ar ie t}ta sums s~;ut•zd by this yfangage.
<br />I1rtless Ix~er and Botrow~er r~therwise agree in wrttit:o, any each application of proceeds to principal shstl
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