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if under paragraph IS hereof the Property is sold or the Yropert}~ is other,vise acquired by Lender, Lender
<br />shall apply, no Icier than immediately prior to the ;;ale of the Property or its acquisition by Len<le_:r. am• Fund:
<br />held by Lender at the time of application as a credit against the sums seet:red by' this \lortgagc.
<br />3. Application of Payments. Unless aplelioslily law prot•icirs orhrrwise, :11 pnpments received by bender
<br />under the Note and paragraphs 1 and 2 hemof shall ht~ applied lay Leneicr fir>t in payment of amounts payable to
<br />Lender by Borrower under paragraph '2 hereof, then to interest payable an the \otv and on Future ~dvstces, if
<br />any, and then Lo the principal of the dote and to the l~rntcil,ai of Future .~dv,mecs, ii any.
<br />~, Charges; Ziens. Borrower .;all pay all taxes, sssesstuents zmd other charGe=, fines and itnpasitions attrit:-
<br />utable to the Progertc which may attain :t priarity a;'er this ~lortgagv, and ground rents. if arty, at Lender's
<br />option in the rtattner provided under paragraph 2 ltereoi or by Borrower making payment, when due, directly to
<br />the payee thereof- Borraw-er shall promptly locals!: to 7.entler ail native; at antaunts due under this paragraph,
<br />~ and in the event Borrower shat' make pa}-±atent tiirecrly. Borrower shall prampth- turnisL to Lender receipts eci-
<br />LT1 dencingsuoh payments. Borrower s'rail pronzl?tiy cit~itarge any lien n-hich has priority over this Mortgage; pro-
<br />~ vided, that Borrower shall not be renuired to dischar,e any stcl; Tier. so long as Barron er shall spree In writing to
<br />titre payment of the ab h=• ; h 1; ,,, •• p t t ,,. ! t
<br />ligst.an secured ., nc_. .c.. its ;: ~, caner acre z:t~le to 1_vne.ti.. or = ta.l in ganef faith contest
<br />such lien L:y, or defend entarcemem of such 3ien in, Icgx.•Ixorcedings .ei:ich operate to nrecent the enforcement ot"
<br />~ the lien or #orfeiture of the Property or an}- pact tl.ereo~.
<br />5. Hazard Instuanee. Barron'er si:ali keep tut i!tmro.'entents nau exiling or l:ercaiier ereeteti on the Prol?-
<br />~ az•ty insured agairs*, lam h}- lire. hazards included within; the tent: "exteadeti coverage' .snd such other hazards :u
<br />1 Lender ntsy require attd in suvl: a;ruums ;..... for . ..~-...,~ 1-r;?tier suay rr-quire::srovtdt•,f, thaz l.encler shall
<br />` not require that Yite amount- of sucit va;erage cxcectii tn::T amount of s•erer.~gc re,~+nre,i t~. },ay the :ants securrd'by
<br />this 3ortgage.
<br />The insurance carrier ;.roc;ding rite :tzsursnce ahal's be ,-hoer. by Bor;o;ver sal>~ect to anl,ro;'al by Lender
<br />arocided, that. such approval shall not be zntreasonshly withheld. _a 11 premiums on insurance paiiries si?all be paid
<br />at Lender; agtian iz. the n:nnner provided tut.:er :: ra~npi; ~ ltcreof ar by Bornnver znakit:F l,aycuent, n'hen due.
<br />dirrctic to zhr insurance carrier. _
<br />)n the event any police is not renewed an or before ten days of its expiration, the Lender, to protect
<br />it_c interest. may pmcure insurance on the improvements, pay the premiums and such sum shall become
<br />iattmediafeh• due and payable with interest at the rate set forth in said note until paid and shall be
<br />secured by this ~iorigage- Failure by Borrower to comgl}- may, at option of Lender, constitute a default
<br />under the terms of this hiort~age.
<br />.~Yt i~uran:e aaiieies ana renewals tnereai s_ .ii ire in fort;t acceptanle t.~ i.vnd.=r :ind sh:;i rtcinde s aansr,i
<br />mtvtgage clsa~ in favor ai and itt farm srcel~tsl>;,~ to Lender. Lender si?all have rite rigi:t to 1!oicl the poiacir; and
<br />teneasls therettl, sad Borrower shall pn:mgtiy iurnisl, to Lender alt rat:en-sl natives anti all receipts of paid P-'e-
<br />miums. In the earitt ai lags. $armu°er :hall gi;t~ :~ron:l,z notice to the i::_urst:;•,= c3rri~: and .Lender. and I.eudrr
<br />may make prxtai of foss if net made g;ampt?}' Ly Barmwer,
<br />rn3css Lender snd Barn,ec•er atite.*a~se s•~:~ ir. writing..asur:trce~ prtcerds shall trc' applied io restoration or
<br />regai_* o: rite Propem da_*nsgrri.:>n+.:de,i sari, ~'=tt,rs*.iaa .~. •,~air ;; ~onatniv:tlly t.•asibl_~ and the strurit;- of
<br />this _llttrt~age :~ na#. i?:ere'ac itrpa=_rad. Ii : url: ?r_.~-....,~:: c,r r i.* ~ ..:;t ef~anomic.i;t- irasib?e or ii t=:r `eeuritti
<br />u# thin ~toatgagr wot?}d be impsi_*Yd. the ~n=a:ance _~n~~ec~is ;i:ail ;,s• ac~:~iir~i to Y?,e sums secured he this Mortgage.
<br />critft the recess, it enc. paid to Barrvwe:. if T %te Yrol><nc i..:i,s:uionc.i gin;- Bur .,wee c,r :: Barrawrr tails to respond
<br />to Le.*xler xitttin 30 days afte.* rotit> t, 1.e~iver to Burr.=1>r rl:st =, i;e i.;sursna~ : arrier offet~ to set*_le a .lsim for
<br />inwrance henefits, Lender is suthan_ri z•+ came=, a±, t s~~}~;~• t ~ insurance proceeds at Lendei s option either to
<br />rrstosatiaa or repair ai t}:e Proper*.y ar t~. t%;e sunz` ~, see; :~c *.i<is yfo^.gage.
<br />Ilnie~ Lander sr:~ $arnewer asheruix• :~n-e a:: ~rn:r;fi, ani ;zv?: sta;xlicat:an tti rirxeeds to principal shall
<br />not ezteod ar post;tanr t_tie,'fue asze of il',e tnc.tit3~ ,;ts,ail:t:i^rts ^cferreni to m l~sragrsphs 1 snd ? i;erroi or change
<br />t~X! aaxaant Of itteh n35i.a11ffier^LS-
<br />i# trader paragraph iS *rtetti the P-t;u:Ty :- srquix~+: 1,3- Leader.:,.: runt. tilir snd it:temst of Borraaer in
<br />aaa rA at$w- 1n~+3rar?Ce jn'!1)Cl~ sna L_ n,1:". ICS i,.e :?KfY':#^ T.)¢"S`Jt T.~ '.,t ~'S.rIIt i~t ti:t' ~:!II?~ ;eC1IriV by 41?t~ ~inr[-
<br />~ imnxi>,at~c ;=nor to .xA sale or ~cgax~rt:or:< R-ul7tng inza~ :a:vng tv v.~ Propene prior to the sale ar
<br />nctltti ;hail pass to Ltttdcr_
<br />Q Friraevutien ozui ~ ~ Praperiy: Leaseholds: Candaminiuma 1+orr~wer si:i:: keep the Prag-
<br />ertc in gt>5d repair snd c#tai' >3ot t,e.:n.t t=r ,•i.•t;n.r w;~s*c. tr,;,,s±r:srenv r ,irttnu:-atto;:.,, the Pranertc and ,hail
<br />eamply ss•ith the :r~~v felons a any ;ra*r, .; thz- 3?r=rtgsr :. ,...:.:es_rt:t;.,i li :^i< \io.^:,;ste ss oa a cacdomintttm
<br />uu3Y-, Bstnttwrr shai pzr;ar:t; s;l ai Ba*tvw~r s ct,.gst;o::- ._ ~vrr -:r .ie~•arataoa: t,. tt:,d:atr,in:urt or master deecd.
<br />the -IAS.-: aw:: ~,t~azy.,~: a; tl~ ran--3--'---:~_:t I:r„ r_t .,.-.. __-._._.~?*e: ~cu~a.-_-.._.
<br />9_ PtofS~er'aSecs:riry. ll Be,-r,tac- _3-.- _ ;.era-;.: *.^.t> ro:~r_x:tt..r*_'.i :.grrtntents r{,ntaipeil in
<br />,. , ,
<br />t31is ilarrgage.;,r if an}• setiozt or l~•rore<•t?tag > rott_tue.^.~e,~; ;,}i,i,.. _..ntrrtsi; • :a?e,.., l~r::uer..:.tatYSt ?a tltr Prag-
<br />inrhadira. t+ut nc,t lunrte+i to- emrnettz ut~tt;,ttt,.:n-o:~r:,CC tot:t- .r.ior.Ym~>.,t, ,,, srrnr:;tetnrni_. ar }t--tTrred-
<br />it~a inti'talr a hsnkr-:r},t or dererirsit, tetra l~•nder aT 7_es,.-ivr < : , ,, .. ,,,:~-a;: nt-~ttre =, $orrctvr=. racy make such
<br />sgpeatance=, ~+isbttre suei; ;urns. and tale >uel, „roan :~ „ t,t ~,°,sarti t, ,arntrrt L:•._de:' tnterrst. including, but
<br />not liaaited to, ciiaburmesn~rszt of ressonshle sttortter'> frr. sr:d enter ul>+in rise Praperty to make repair.-. any
<br />amwurradisbursed by L~tier;zursusnt tz this naragra}~?; ;. tc*ti, in; err=s thereon. sitsil !recome sdditiatxei indrbt-
<br />adrt~ of Barma°er sextrre+d ley tri.< M~*t5me . IInless Borrawer snd L_•ttc-~ asrey to o*_her terttL. ei paymeni, such
<br />~+~ shall 'ate payab}r uy>an nnttce learn Lender to Borrilx rr retzurstirtg pas'tnraz zhereoi, and shall bear intrr-
<br />eat ttvm the date ai drstursement sz the cart stated in ilte \ott~ uriless Iturn:e of interest at such rate would be
<br />~ to applisah?> ''-aa- ~ atzictt ecP~t such atnaunt si:all tmsr irtter~t at iF~ l:igh~t race permissible by
<br />lar_ 7othing cmntainxu rn dais psrmgralah shall rrquarr ixndrr Yo incur any expense or do arc act.
<br />hear,~dcr.
<br />. @. ~ l_~~irr ~~ny zual:r ar cause to ?>" t,.mdc• res~t:abie rntri~ upan snd inspectiane of the Pmp-
<br />erts, •ixled that L~tdrr shall git-e Barstta-er natiar I,T-sa? ,o env w+I: ins;,ertian <gaeeifying reasonable entree
<br />t~#or r~ud tc+ l~eader'a iuter~t in the r''roperrc.
<br />S Cmdomeaattian. The pracreds ai stn• shard or claim far damages, direct at cattsequential, in cattnertian
<br />'+ way rmmdemnataart ar other tak~g of t're Proiarrtr. fir Iran tht-ere;. or ice con;ryanev in lieu of candentna-
<br />~, ~ h-""~~' ~~ a*vr? ~ !~ paid tv~ t~1er.
<br />Inthee=-rata#a tt»taltaL-ittgof the ProQrit}, t.Lz }atroerz~t; shm11 ltc apglirri to the s~trns seeurzdny this ~iort-
<br />~e, With tl~ exi~s, i# an}*, 3raid to $o*rsrw•er_ In the eti~ent of a partial taking of the Property, unless Borrower
<br />sari ' ~ agree is writing, them shall be applied Ya the earns sevunsd by this Mortgage such ltropor-
<br />t~ei trite proQeeds as is eguai io ihat grapartian which the amount of the surtrs secured by this \iortgage imme-
<br />' dist?3ig r to the dale of taking bears to the fair rnarkrY t-slue of iJte Proget•n• immediately prior to the date of
<br />t '~ R>; t,~ iL !a~ t~ ~?r$i~d$ j7ald t4 B4r!'!10!'r.
<br />I# ibe P'tvpe~tty is abaadaated try Borrower or if after notice ter Lender to Borrower that the condemnor offers
<br />fig mane aa+ srcasd ar settle a claim far datnages, Borrower fails fa respond to Lender wiihin 30 t?aye of the date
<br />a8stacltnotdce, header>e sutborised :,a eallect and aglrIy the }troceetls at Lender's option either ra restoration or
<br />repair of the Pmpart~ ar to the atnrss .~trrad be trills Mortgage.
<br />L3tt}e~ Lender arxi Borrower othernise agree in wr•itiag, any s.tch app}ication of proceeds to principal shall
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