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If under paragraph IA hereof the Prapertr is sold err the Property' is otherwise acquired by Lender, l.endsr
<br />shall apply, no later than immediateh• prior to the sale of the Property m• its acquisition by Lender. any funds
<br />held by Lender at the time of application as s credit against the sinus secwcd I~,v this A[urtgage.
<br />3. tlpplication of Payments. Jnless applicahk latw prartdes otherwise, ulI payments rece;.eti by Lender
<br />under the Note and paragrsphs I and 2 hereof shall he applied by Lender test in nscment of amounts payable to
<br />Lender by Borrower under paragraph 2 hereof, then to interest payable on the dote suei ou 1 uture :ldwances, if
<br />any, and t$en to bhe principal of the Note and to the principal of Fuiure 9tivances, if am-.
<br />$. Charges; Liens. Borrower shall par all taxe:, ac e,sntents and other charges, fines and itnpasitions attrib-
<br />utable to the Property which mar attain a priority over this \lortssge, an.i ground rent:, if any, at Lender:
<br />option in the manner provided under paragra;;i: 2 1x°r: of or by Borrower tusking payment. when due, directly to
<br />the pacee thereof. Borrower shall promudr furrisl: n, Lender alt notices ai amounts due tinder this paragraph,
<br />~ and in the event Bor.rower s:,atl make psyutent directly-, Borrower shall prampth- furnish to Lender receipts evi-
<br />denting such psrmenic. Borrower shall pmmpih• discharge any lien which has priority over this \turtgage; pro-
<br />~ rl•ied, thst~orrower Khali not be requires, to diseitszge any :t:cl: lien co long as Borrower aria!! agree in writing to
<br />the payment of the obligation secured b}- such lien in a manner acrentabir to Lender, err ;half in goad isith contest
<br />... such lien by, ordeiend eniorcenteet ai such lien it. local proceedings wl:icll operate to prevent the enforcement of
<br />the 3ien or forfeiture of the Property oz sin- part thereoi.
<br />S. Hasard Insuraaca. Borrower:hall keep fire ]rr,,mvements nocv existing or hereafter erected on the Prop-
<br />erty insured sgsinsi loss by° tire, ltarsrds incltiiled w-iti:in the term "extended coverage". and such oilier hsaards ss
<br />~ _ Lender may require and iIt sue'; stnaunts snd for suci: ,,e*iods as Lender may require: pro, ided, that Lender shall
<br />not require That the amount of such coverage esceeC t.:c,t amount of coverage requtrc~i to pay the sums secured'bc
<br />ibis \iortgage.
<br />The insurance carrier providing sire insurance shall L:e chaser. b}~ Borro„er subject to approval by Lender;
<br />provided, that such approval shall not be uttreasansbl}• withheld. _#':i premiutus on insurance policies shat! be paid
<br />at Linder ~ option ir• the manna provided under ;,:;rages;,!: 2 !:creel err 1>}• Borrower ;asking lutytuert, when due.
<br />directly to the insurance carrier-
<br />L*t the event any polic}• i.~ not reneged on or before ten does of its expiration, the Lender, to gmtect
<br />its vTtter~i• ma}- practtre insurance on the improvements, pay the preniums and such sum shall became
<br />immediately due and payable nitlt interest at the rate set farih in said note until paid and shall be
<br />serttred be this \iortgage. Failtue be Borroter to comply ma}-, at option of Lender, constitute a default
<br />under the terms of this ~iartgage.
<br />.#li itasuranre poiieaes sod reneu-aL thereof -isil he m form accepubte to Leader snd =hall include s standard
<br />tnortgsge clause in error ai snd in farm scec}+tsi,e ro Len~ter. Letz+trz shall have ti,c right to bald the policies and
<br />reres•als. tlse~,i, stud $ormwer shall pmtnptlr iurrisl; to Lender sii renewal natives and all rerc•ipt.s of paid pre-
<br />miums. In the event of Ins;, Borrower ahsii ~nve l,rampt native to :lte iusurance carrier at:d Lender, snd Lender
<br />max make proof ai lax ii not made promptly in- Borrower.
<br />~nl~s L ~sder snd Barrouer atl;ersci;e serge ir. writi;;e, insurance 1:n7ceeis ; itsli Le appliau to yes*.oration or
<br />reVrair of the Pn~peny ds~zsged. gvrideri sue:^. restoration i:r tYpair Is rcc+nt~:nir ziv rssit,ie atlu the sorority ai
<br />this liortgage as not. thereby iilpair~. H such ~~tu_*_zron ~~. repair is a:ot rcor.~,t:~,irsiiy~ iessib!e or it• the security
<br />ai this \iorigage zcou]d be impaired. site :aslrantY praec•,_= s::sii i,. spelled to t"c suns securc*d by this \lortgage,
<br />vrith the excess, ii anv, paid *.a Bartau•er. if tl:e Yrolxrtr Is aisn,iored hy- Barn,wez or if Barmwer lolls to respond
<br />to Lender u-athin 3tl days after nosier by !.ender to Borrower tltst the insurance rarrler o$ers to settle a claim for
<br />iy „an,w benefits, Lender su=_harired to ra!Iert arri spl,lc the ins:ursree pn~~c eds at l.erder's aptiar. either io
<br />restoration or repair ni the Psapens• or to sire rums secutYd L+c this ~tongsge.
<br />L>nles Leader snd Borrower otherwise agree m writing, any su+•t+ snplicauan of psmeetis to principal shall
<br />tmi~ tztersd or past~pone the due date ai tise mcnt}tly Installments tYiertc~f to in psrsgrsp'tIS 1 and 3 hereof or change
<br />the amount of suth installment; .
<br />If under r"rs~~ph 38 it~nzoi tnr Property is sequi~td by Lender, rill rigitit, rtle snd interest of Borrower in
<br />and tosnr ine,rrsnm paliei~ anv in snd to the pn,rerds tl:eraof Ito tlty extent of rile soots = craved by this liort-
<br />gagr imrne+distelr nriar :a sorb axle or a~c!ui=itian ~ tc: airing irom dsn:see zo ;l;e Prnl,rn?• pr;.?r to the sale or
<br />aegtirsixiort shall pass to Lender.
<br />6, Foam arm Mmaianance of Property: Leaseholds; Condamiaittms. Bormu-rr shall keep the Ptrop-
<br />trsy m gatri repair and shall no*_ pzraat or rnmmit n~ztr. imps*.r!nen*.. err ,i~tTriorat3a*.: ai the Property and shall
<br />txsm_Rlc ritit}t sue provi~ans of arc ltasc, ii this liongsgc is on s lease:;ald- if this '_iiat2gage is on a condominium
<br />unA, $or:oaer aril! ,ericr~v all ai Ba._oxef ~i,!ics:in:; t.r:•?er *... ;?rrlra*.iar. of condaminiun: err master deed,
<br />the bs-!ours and regulations ai the rnnaon:inauttt ,,rIe t and carstitu~•t dac:m:zn*~=.
<br />9. PraM1eetisa of Leader's Security. li Bo^:ewr:• :nI'.- t:r p,rt:a:::I the c+venan.-, slld sgn~enlenu contained in
<br />rhos liortgage, err ii sn}• seuon err prorc,rdir;i: is rY,ttnnrncr,i ,s bleb :aster:alit' stfec~ts Lenders interest in the Prap-
<br />t3ty, including, but not limitav ter, eminent dt,n,al^.. _. oi,,rcv. rode rnian•emert, or arrxngemerts err pr~ceed-
<br />iags anti^t+lving a bankrupt err dtx~icnt, then Ikndrr at l.t•uder'~ option, a}>at: noti~t to Borrower, mal- make such
<br />appeararrrr~, disbtu~ &u;1: sut~ and tale suer, srtron s: ;• ne~YSSars- tt: protect bender', interest, including, but
<br />sot. lirztitw~l to, disburstrnent a reaAanabie attorney's it,r- atld enter upon the Yropert to make repairs. Any
<br />ai~3ants disbursexi by Lender part Dui t.a thin psrscraph :. n _.: uttemst thc:•r:an. sllsll tx:rome additional indelrt-
<br />edseasof $atrc+tzer secured tn- this .lartgage- I'nltcc Barnwer anti Under agree to ath~r ternLC ai r-ayment, such
<br />amounts shall hs payable upon notare lean: i~x;der to Borrower regtteating gsyment thereoi, and shall bear inter-
<br />e~ f:aatr the date ai disbutsettrent st *,I:e rate :tats? i : t!:e \ate unless payr.:ent of iatetest si such vale would be
<br />rmst3ary to app!ieabie ]su•, in schirll event s~ri+ smsurts ,hall tresr interest st the highest rate permissible by
<br />Viable Ism. Nothing zxvnt lace! is chi= psragrnpll ,hall rrquim Lender tt incur any expense or do any srf
<br />~_
<br />$. Ixrrder may- make err rsu=e to l~ Insd, reasonah3r entries a]k~n snrl inspertiar~ ai the Ptrop-
<br />trty, Bros*3dcti liras I.ende, s}ial; give $erraaer vnt;,~- ?~na,- to .a ,y such inst,t~rti:>t; >peri*yinc; reasarsblr °au<2
<br />thet~'at* z+elated tar Lee's intt in the Prrpar•t}-.
<br />9. Cam. 'I'he proceeds of ;:sly sword ar violin iar damage;, direct or consequential, in connection
<br />aisas erns e~sati~ cr .,,h€ saki.=a ~ tl;;= Y;i~~~ ..err ;.ur, ti;rr~;i..., iar rar.c•yarre ,.. lick, u, randen;ns-
<br />t~s, are hereLy s.;~gtttYt and shall lee paid t:.. ixnder. N
<br />Its the event-of a to3a =sksng of the Pmpestj•. the }i<*uceed~ shall 3rr applirci to the autos sc•cur2sl by this \iort-
<br />tc-aLlt ehtt emas, if any, paid to $trrrotver. lr. tl>e evert ai a partial taking of the Yrapem•. ttniess Borrower
<br />at~d Lender otlrervrise agree in ~rritiag, there shall tee applied to the sums seeurecl by thie }tongsge such propor-
<br />tSon of the proaeecls err; is equal to that groptrrtion which the amount ai "the sums secured lw this ilortgage imme-
<br />diat~s P~ ttr tltt dart of taking 1>~ts to t!~ lair rrt:arket value of t!,e Property immedis±ely prior to the date of
<br />tak"tttg, wafh the balance ari the prareede paid to Borrower.
<br />Ii the I'ropes•ty is abandoned br E:sr+nw'er err if oiler notice by Lender to Borrau•er that the condemnor offers
<br />W make as atrard or settle a claim for datctag~, BafraW'Cr Sall, to respaud to Lender within 30 days of the date
<br />of moult notrre, Letdtr is authorised to c~rliect ate ap}rlt• the prat+?c~d, at Lender's option richer to restoration err
<br />repair of #kre Property or to the sirtos 3ecurc~rl by this 13ongage.
<br />Ltnless Ltinder and $orroaer oihertcase agree iu tcriting, any such application of proceeds to principal shall
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