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If under paragraph 13 heron( fhe- Property is Bald or the Property is athcrwi,e acquired by Louder. Lender
<br />shall apply, no later than immediately prior to tl)c sale of the Property or it-~ acqui>it-ion by Lend, r, any Funds
<br />held by Lender at the. time of spplicaiion as a credit a}sins[ tier sump secured 6}~ this ~tortgagc.
<br />3. Application of Fayments. Limes; appiicnbk lave provhic otherwise, all payments received by Lender
<br />under the Note and paragraphs 1 snd 2 hereof slu)P he applied be i.cuder first i!) payment oI amounts payable to
<br />L-ender by Borrower under paragraph 2 hea•eoi-then to inn=rest p:tysbic on the Note snd on Futter advances, if
<br />any, and then to the principsl of the Notc :uxl to the principsl of Fnnu•c Advances. if :inv.
<br />4. Charges; Li®ns. Borrower sltsll pay 411 taxes, assessments snd other ehsrgas, fines snd imposer-ions attrib-
<br />utable io the Property which may attain a priority over this \iw•t~xgc. snd grannd rents, iI any, st Lender's
<br />option in the manner provided under par)gr::ldt '? hereof or hp Borrower making payment, when due directly to
<br />~,.; the gapes thereof. Borrower shall promptly furni=7; to Lender ail notices ai amounts due under t17is paragraph,
<br />and in ±he event. Borrower shall snake payment tiers',;:}-. 13arroo•er :half prompt-I c° furnish to Lender receipts evi-
<br />denting such payments. Borrower :hail prompt)}' discl;srge ar,}- !fen which ha; {n-iority ayes this \fortgsge; pre-
<br />sided, shoe Borrower shall not be required to ciischar,e any such fete sa long ss Borro,er shall spree in writing to
<br />:he payment of the obligaiiot) secured by suet: lie:) it) s :;)sneer eccet,tsl,le to Lender- ar shall in gae~? faith contest
<br />Q~ such lien bp, or defend enforcement ai ;urh lien in, fees) ;~!-oceedn)gs vv frith operate to present fhe enforcement. of
<br />`~~ the Tien ar forfeiture of 'rite Propert}- ar an}- 1!art ti:creo;.
<br />~ 5. Hazmd Insurance. Borrower shall keep tl7i• :t:arrovc:nents novv cxistit)~ ar hereaitcr erected on the Prop-
<br />erty insured against loss he fire,':)azards i:)eluded within the team "esteaded coverage", ;md such other hazards as
<br />l~nderr.:av require: sr:d ir, such au)aurts snd i,.. <uc, periods ss Lender his}- mmtluim: provided, that Lender shall
<br />' not require tl:stcht smaurt of arse)) coverage excel-vi tz;s; amount of rorersgc• regnired to pa}- the sum: secured'bp
<br />this alo.*~ssge.
<br />The insurance carr.er providing tl:e insursvcc : all be cltasen 1)} Bormver sui!ieet to sppracal b}- Lender:
<br />provided. *.hst curls spptovsi sltsil not he unressot7sbly ;cithlteld.:11i premiums or. ;assurance paiicies shall be paid
<br />si Lender v option in the manner provided under ; _r;_p(7 _° ite!e=oi o: h}- Borrower tusking payment, when due.
<br />direetlp to tl,e insurance esrrier-
<br />In the event any policy is not sorrowed on ~r befom ten days of its eapiration, the Lender, to protect
<br />its interest, may procure insurattrr on the improvements, pay the premiums and such sum shall become
<br />immE+diafeh• Clue and payable tvi#h interest at the rate ,et forth in said note until paid and shalt be
<br />~^ur+ed by the. Mortgage- Failum b}- Torrower to camph may, ut option of bender, constitute a default
<br />under the term. of this ;lfartRage.
<br />ail i=" ai ' -*ulacir snd .Yne,csl~ :net2~oi ~i.a' r' 1n fare: '. ~; <flrl,' ta, Len,ier art:: <l!:: i'. inci:ts7c ;a ~t:i.^.t19n{
<br />nx7rtgage clause in ist-nr of and Su ianu a4^eeptshlr to l.rmd<'r f.e;;.+,er s]!sll bs.•e vtc right to l!ohi rho pohrtes anti
<br />re~ewa.. ihereoi, srxi $armaer chaff prontntly furnish to Leerier :)l; renewal notice; anti ail receil)t: of paid l,re-
<br />mituns. In the asset of lass, Borrower .?tail give ,,;-on)pt nau~ to t1a~ insursnc:• vsrner snd i_ender, and Lender
<br />map tna$e proof ai foss ii nor n)sde prmnptiy i,}- Borrower.
<br />1 salsas L~der snd Borrower othern-iselgrrv is writi::g. )n>uranc,~ ^roceaus shall t>e apl>i!c'ti to restarstian or
<br />repsira rite Pzvperty damaged. i,nridt, <uci. r~:,i,rstion or rit,air it tonanncalEp iossi't,le era tl:e srcurit;- of
<br />this ~Sottgage not therei,,- ir.:psirz.3. Ii <a!'1; raster:)=fen t+r repair i. !lot t~ana!nic:rll}- feasiDie or ii the seturitc
<br />of tBis lfottgage would )x impaired, the jnsarsteca t,rocazds -~:.tU lx s}?plieti to ti,., sutras securei by this Mortgage.
<br />taith tare ercee~. ii cry, p.ard to Bamwer. ii tl)e Prafxt-ty i> s;,snriored tn- Borrower or ii Borrorer fail; to respond
<br />to Lender a-itlrin .sit days after entice h, l-en Yar to Borrow er that the irsursnce carrier avers to settle a claim for
<br />insurance hrneflts. Lender is sutltorirei to c:,lert snd apply titz in_suntnee proc~ds st Lender'; oi,tion sit-her to
<br />restotst~, er repair of ti)c' Property or to the' sum, setureri in- this. lIortgage.
<br />i'inless Lender anr: Borrower attierv isa sgrae in x ritirg, sn}- such application ai proceads to principal shall
<br />not+rxtend ar postpone the due dare of the :rontl:lr installments raferml to in paragraphs l snd ?hereof or change
<br />ttre amount of such installments
<br />If under paragraph :$ hetYai the Pr ~+zrt-.- is aeq_uitel Iip Lender, s.l right. title and interact of Borrower in
<br />snd ~anp ~sursnce paliei~ sad in an. tea the protaeds tlsrr~ii :ta. atr rxtent ai the= .:ms sectrm3 bti this Dlort-
<br />gage imraediatelp prra; ro st:ei. fir or scquisitian ~ rz:uain_¢ imm dsmsga to tine Yropeny prior to the sale or
<br />sr•4Lis#i'u~s steal) ptt-s; to Len+iar-
<br />& A:+rsrne5~+ and Mmatenance of Property; Leaseholds: Condominit'*s+` Bar;paver chaff seep the Prop-
<br />ersy to goad ~,tsir and shall eat pa.^mrt v'r .-emotes ves,-ta. impsizmert, ar dateriarstian of the Property snd shall
<br />contplp s-itl: rite provisiars ai nr lassr. if t is ]Songsge ;- or,, ?esscholt?. Ii *,hi- \lortgages; an s tando:ninitmr
<br />tryst, $orraw•r.*.~sall pzr:orm sli ai $orrnwer's oh'igstior_~ ;a7:er t*e di-Cara*ict: vi condon?m_ ium nr niazi,.r dyed,
<br />t]x br-Tonnes snd ms-ailstiz~ ai tt!z .an i;?minin=„ - .... r _...~..,,.,... „cam :.men.
<br />J. Roteelion of Lender g Sacuritp. Ii B,,~rower{ii?- +.o narior•<.Y: he t . - ,snt~ s:;d sgn=emenrs contained in
<br />serf 3lorta-sg~, ar ii sop arsine er _,rxee-di: g : ran).::e::rer: whir:::nsrrriai~-, s*;:~et.~ Lenders iraer~t in the Prop-
<br />erty, irrtlud*_rrg, but not ?imre3 ta, eminent a:._att:.:r:-ni•;,-nr}. stair tr.ic=n'anr.•nt. or srr:u)gements or procaed-
<br />itrEs ir!vel~tirtg a ttsnlrul,t or decedent. ihzn Len,ier st i_ender'> otstx,r., upon notice to Bnrtrotrer, may- make such
<br />appearances. d,iaure _.~c~t sums and take cur?: aeriev ss !. !;ere<sr!- :o protect lxnderr intef-esi. including. but
<br />eat limited w, disbur3etnayt of rea~onsbie attorney s ifir- snd em n• epos. the Property to make repairs. any
<br />areaunia disbursed hp Linder pttrsuaat to this parsgnap: ; .vita interest tfterees!, ,half bosoms additional indeht-
<br />adaess of $flrraa•er s~ut~d hy- t his Olertgsge- L'~nlese Burr, saes snd Le,=der sgr~• to atl!er terms ai payment, such
<br />arnottrs+s shalli he pays.I:ie tenon not.,: tram- I-ertder to Borower requestirtg payment thereof, and_ha11 bear iater-
<br />~ fsctm the daze of di: burce'T, tat s-te rate stag in t'~z Note uniei payment os` interes2 at such rate would be
<br />eontrsrs to applicable laps. in ~hirh event ueL s_.-_. ,nts s~,ail beer interest st the highest safe permissible by
<br />sPplitaT'1C?an-. -tt~hstrg iv"St;;tat,-t in tats psrng.*sl~,': =;:YII trt}uirz Lr-odor to incur any expense or do any art
<br />ham.
<br />~- Lenderntsp tr=alr=_.r _°au,: t_a }x' u:::d_ rr~=a:ts:;le t.-tree; ulran snd insperrians of the Prnp-
<br />erty, provided tip*_ Censer =tall give Borrower ne=fee ;,raps to any- wcl~,~ ;nspeetien specifying reasonable cause
<br />t.}rarefta rrls#erl to Lenderswtert~t ;n the Property,
<br />~• ~demma~tiao. 3"rx proceeds a# any sward ar claim far damages, direst ar cansequertial, in cannectior.
<br />wt#h arc aondemtnatian to rxtier taking of the Prolsrrtp-. ar }tart titereni. nr tips : one eyance in lieu at t•ondemna-
<br />tStfrG, ate heatabr asm:gneal and sl^-fill h> r~.>td to Tug-aer.
<br />in tbe et°ent cf s total txtait;- of the Property, ihz 3>roe~~•d- -)tali Ik anplird to tf7e sunL secured by this Afort-
<br />gag+e, w'itdt the ~t~as. i# any, paid to Borrower. In ti)e ereni ai a partial taking of the Property. unlcws Borrower
<br />sad Leader tae agree in a-riting, there ;?Troll t>e aplalie.3 to the aunts ucured h}• the= _liortGage such propor-
<br />taoa eI the pracxe~s as rs eciual to that proportion wheels the amount o! zhe sums secured by thts \Iortgsge imme-
<br />dtacefq prmr to the date of ta$ing bears to the fair market value ni the Praperiy immediately prior to the date of
<br />r~ t3~ haiatiee ai the prctetxtis paid it, Borreaver-
<br />If E~he Ptopertq is abandoned by Borrmn^er or if a#ter notice by Lender to Borrower that the enndemnor offers
<br />to ,nske en aprard or settle a Claim for d~rnages, Borrower fails to respond to Lender within 30 days of the date
<br />of curb epees, Lender is autlrarized to collect anti apply the pracc_ds art lender's option .ether to rcxtoration or
<br />rep>ur of tbe Propeatg or to the sums sectrr~d by this : fortgsge.
<br />L'alee~ Lettder and Borrower atherwtse agree in writing, ang such application ai proceeds to Irincipal shall
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