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<br />if under psragraph 18 hereof the Yropertc is sold ar ins Yropcrty i.e othencise acquired be Lender, Lender
<br />shall spply, no later than immediately prior to thr sale of the Yruperty or it, acquisition by Lender, am- Funds
<br />held b1 Lender ai the time of xppiirai-ion as a credit against the wms securcif i,y this Aiortgagc.
<br />3. Application of Payments. L-nles applirabk tau- provides ,ttherwisc, ail payulents restated bs' Lender
<br />under the Aote and paragrspis 1 snd 2 hereaf shall be applied 6r I,endcr first in pa>•num of amounts patattie io
<br />Lender by Berrawer under paragraph :? hereof, then to interest px}'athle on the Aotc and ot, Future Adcnnees, if
<br />any, and then to Hte principal ai tL-e Fore and to the principal of Future .A<l<'anr,•s. if ang-
<br />4. Charges; Liens. Borrower shall pat ell taxes. assessments and other charges, fines and itnpasitians at.tril;-
<br />utable io t-he Propert}- which nlay attain ;n'iorit}- Deer this \Iortgxae, and ~nrund rents. it :un-, at Lender's
<br />eption in the manner prat;ded under iaarigi;:;sh _' !:.~eoi or 1>y Barron-er nlakinr psytneu#, when ,1ue. directly to
<br />~ the payee thereof. Borower shsti prolnpth furni;i:: ~ Len~.ler a':1 not-ices of amounts due tinder this paragraph,
<br />snd in the scent Burrower shsil make payulent direetlc. Btv-trouer shall pmmptl} iurnisl: to Lender receipts eci-
<br />deneing such paynlent_~. Barmwer ~ sll prompt]r discharge sate ueu wftich ilas priarit.y Deer this 3lartgxge: pro-
<br />t;3ed, that Borrower shall not be re,,uire: to discharge any such lien so long as Harrower snail agree in writing to
<br />,,,,, rile payment of the obiigstiait secured by seen lter, in :t manner acceptable to Lencicr. or : ha?! ir, Wood faith contest
<br />„`"~ such tier. h}~, ardefend enforcement of such i•ian in, legal prareedin~s which nper:atet to nreceni the. enforcement of
<br />`"If CnC ]F2II {ir IOrlelt tlR' Of tits' 1'Ii~r'c'rtj' ar ::iii- ":ETi ' i'iYGi
<br />~ 5. Hazard insurance. Borrower s':.;il kee}, .!;i vn rocentcnzs rose existiu~ or hereafter erected on the Prop-
<br />~ erE}• irsutpd against loss in-^irt. izsranis •ituiudei w-nt:rf the term "extended caterage". and such other hszards as
<br />Lender relay requite enc. in such amouaa and far s.:cP~ ~ata•iods as Lender ma}- requim: ]trocidcd, tiler Lender sha11
<br />' not require that the amount of .uc;, raterxee exce« : ti;:it smount of coccrsge required to pa}' the sums secured'by
<br />this \iattgage.
<br />The insurance carrier rra~idirp; tt:e 5:::.:Irst:er shah be chosetl i,c liorm:cer subject to appratal b}• Lender:
<br />pm~ided, *.hat such appmcs! seals not be urreasansl h" n-ithheld. Ali trremiutns orl insmm~ce lwlicies shall be paid
<br />at Lender's option its t]te manner ; ratide,i .±,.icr ;,arsar:pis 3 hereof er be Barrmcer lnskit;g psynletlt, when due,
<br />direczh• to the in~ursnre carrier.
<br />Ytr the e~rnt ang• policy is net renexeii or. or before ten dad's of its expiration, the Lender, to protect
<br />its interest, rtaa~- prorate insurance an the impn~tements, par the }:remiums and such sum shall become
<br />immediately due and paraltie x-ith interest ai the rste set forth in <aid note until paid and shall be
<br />~•.;~ hi i3ni. ~l,~x-z~BrR Faiiiirn h.• Bfm?u~.•r_ t?a c-_,~_r_r_nlti• n~s~•, at Quiion of 7~nder, cnirc_tittrie & default
<br />under the terms of this !tfortgage.
<br />All insurance policies srtd reneu-a3_ t'.rrti=t -.....:eta irrfa :e,•cc l+: n4:le to i.a-ndrr :std shall inc,nde s stsrdeni
<br />trlarigse clause in islet ai an: m ;c~nn :., , ,Y•:c to Len,irr Lrv,irr -11x1:tt:sic t':u• ri~ht to hold the }*oii.ie: and
<br />renemais ilter>ao1, and Sorrow'er <'tisil prouat ~ic iuraisll *,o Lender ai; renewsi natives and sll rceeipt; of pstd pre-
<br />miums- 2n the event o: la,;. Barroccer its:; t : <- :~rorrpt nott,e- to the fns;trsuce csrrier and Lendez. and bander
<br />Wray teals pra>3i of ictis ii not msde pramptic i y Barrai:'e:'.
<br />l;rxles Lender snd $armuer at~:r.~u'ise s~v' it: u"ri*.iut•. insuranci• ,,mceeds snail be applied to restoration or
<br />repair ai the Prapenr ds_msg~. p :side.? ?ui•: rrstor°ti<~:• _: re:,sir i- ecartote:c:Ylh- iessible xnd the securifr of
<br />tarts Mortgage is not thetYbt 771:nalr<'v`, :- ..;: s, restar:,tie.: of repair is r;ot <~c•onet:tic:fib- feasible or if the security
<br />of this \iongage.couid t+e inrnsired. ;1:. _:enuraree proceee:s shall f,e apnii~i to tl;e sums secured be thisllangage,
<br />ct•itir ilre e=vens, if an.,-, paid to $«rrau'e?' :: z hr Ym}?ertc rs sban,ian«i by Barrt~wer or :i Burrower fsilc to respond
<br />w bender tvitlrn ads dsrs sfter natzee br Lender to Borou-er that the msursnce carrier ofiet~ *,o settle a .•]sim for
<br />insuzsaoe benefits. Let,der I> sutherutvi to cailert :zr:d spelt- the in_unnre pto~eds st Lenders aption either to
<br />*estoratian er repair ai the Propene ar to tln~ sums sectrrad Lti- this \longsge.
<br />finless Limier ant Ba*tawt~z ethencisa sgree i?: writing, spy sucn applicszion of I?rtxeeds to principal shall
<br />Was extend or poa2_=*anc the due date of the :;to_^.*.h11- irszallments r~ierma to in parsgraplu 1 :zed 2 }rer~of ar change
<br />thr amos:at of such installment;..
<br />ll xtreder 7'$r3Srai=h la hereai thr Pmpen}- >s ac'quin~i br Lznder..,il r_gi,t- title and interv_i of Harrower in
<br />sad tt+anr =n.~.rranee pulici?~ sr i fn any: te. site prac=~+s ths~raoi ,ro stir rti;rn=, of rho sou..:~tlr:~i bi• th 3fort-
<br />gage tnlttiediatelr ;nor to such sale ter scqul=teen, resuinng iron; d~ns>K us tLe Yrol>enc urio; zo the ale ar
<br />stx;==, ch;ajl }ta_t t3 Lender_
<br />$. Frs,rrexvartiaa asfd Maiai~aace of Property: Leaseholds: Coadamiaiums. Borrower snail keep the Prop-
<br />ertc in go<-a-3 re;~.ir acrd sL•aIi not per+?tit ar camrlit a.ssza, ftn7<airtl:en+.- _", .ia,te-iarstfe;: of the Propeny and shall
<br />txttrip3F t~'"ri.h t-T1~ PSYS+ISSU:a? i?I 5r--i' i23c't'. r: tL~l~ ~I ~rtta~~'-Z ;~ i,it a ~24Rr''.:oli7. it :i:l_ 11OI't~Y~',t' 15 ail a iondamrmilm
<br />omit. Borrat:er snail periarrn sit ai Barrou'rr= obl,,;sttnt;; :._.drr t... ,srlsr:,ttot: of rendominium ar master deed,
<br />the by=1a>trn and r~,afx,rzs ai the x+ndannniuln ;,ra;rit at=~;~ r<,tlsftuen dacaments.
<br />7. Prale~ of Lendtr'a 5eevritp. Ii $arrawer lr,:i> to ;,c~rt'orn, the cotenants :red agreements captained in
<br />this liortgage, ar ii our acti,,n or pracetsia~ fs earn^.:e^rit; a i;:, , :l.ateri.li1' an~~rts Leader's interest in rile Prop-
<br />e39'S', itlCllld3mg. 1>nt :tat llinir["d ta. i'tlY'urni plan::7it.. ...-iii'-:c~;:.'~" .,.~.ti •.-+.,+'orcz•uts~ut. ur :,rranFetrtrn:s or prareeri-
<br />ingts inralidnga b4nl:TUlri t,r de.ee,tent. li,er: Len.ier :i. ..c.,,rrr- nt+t:i:u. al.of: nirticr` to Boroower. may make such
<br />fir, disburse sue:: >urn;- ar;d take _~~„ attl~:: _,.. .. _,~srt- t ,,natter Lenders. intert~t, in,°]vding, bat
<br />l~itad tu, dhuratxltent cti reasat,ai.ue altonzet» (rr> snd sere' uI><Y.t the Yrapenr ro make rrpairs. Ant'
<br />atnourts drsburstui 5y L..nd+er Iaurs:..ant r=a t`t:< ;~ragrutl:: u-itla ,merest titerc'trn, shall became udditronai indebt-
<br />tai Barrox~er secures:,' by t.h» langage i'nless £~e:,ar-i.+a•rr anu Ernest agzze to Liiler terms ai pa}•ment, such
<br />smrgtnts'isali be pa}'rtbie upan natsrc• ire.::; Linder icr Barrawer rrgnestirg pst nlenz llrereaf- and shalt bear inter-
<br />est, frznn the date «i disi,ursement at the rat:- =tatni i:: t>,e \otr .alts=_s ,tacmeat ai interest at such rate Kould tae
<br />~4aar~ is applicable ax•_ y. ~3',iv-•!1 eterx sur- amouLt shsl: i c+ar imerest st the higlt~t rate permissible isti•
<br />a~litsbie Imw_'_>atrinn ~ntazr.r_i _,..... }3=ngr;a?,i, ; sis:i~ r't?ulrc- Lender to incur ar:c expense at de ant' ar*.
<br />~'_
<br />~ ~ Lend=_r u+ar rns.ke ar rs: e to ?~~ caxdr~ rF~=onanlr testis, unan and =.nspeetao~s oS ri,e Frop-
<br />ext_r,,prat•Sdad that Lear -iii ~'e $arromer _aa;±tt~ ;,trot r, :zr:. -u, i~~ iny,rrfio:, -lreczixini; ressonabie rain
<br />thexefaa• related w i.ende;•"s uztereat in tf~ Prz aunt-.
<br />iL Caodemaa~. The ptnceetia ai uuy guard ar rlstan for Matt;ages, dircr# or cnnsectuentral, in eannection
<br />a-itdt anrr t+ondrTM~xioe ur otter taking of the Pra,,~~st}• ar ;,art tl:ereai, ar for rottrrc:tnrr in btu [a2 rvnzYetnn:r-
<br />r, are +y asa;grte~ snd shat ?+,? laid ta= I-erdtr-
<br />Tn theet+~t of a total tatting c'.i the P;wr~e^t~, talc; .~>cresit s4:zi1 i~ npp;ir~i tc~ the nom- ,ecuaed b}• this '\Iort-
<br />grge, o•it~ r~ exeesa,rf ant, paid to i3orrx+u'rr. ?n late et'ent of a partial tsklrig a± the Yrorai rtr, eels=s Borrower
<br />arm Lz~der nther'w3se n icr vrriting, them sita3l }ee applie+i tc the suers aerurtxi lac this \longsge such pnapar-
<br /># <am ~ the praneeds as is aaual to s11at proptartiom which the amaunt of the sum; securest b}• this ]lorigage imtne-
<br />diatelj prior to the tfate of taking bears zo the fair lnarkei setae of the Yropenr ilnnu•+3iate]c prior io the date of
<br />tales ws-#~r L}le halanre ud the p*oceeds paid to Barron cr,
<br />~ t~E P~ ~ abandrraed by Bormxrer ttr if after notice i>i- Lender to $arrower t11at the condemnor offers
<br />W ranks as award trr ~,tbe a claim for datuag~, Borrau-er fails ?., respond to i_ender u train 30 days vi the date
<br />of sorb estate, i,entler ie arxhoriued to collect and apply the proceeds it i,er;der's aption eidler to restorative or
<br />repair of #}te Pro}aerty or to toe sums secnred by tit i_ i; onvage.
<br />Unless Linder and Borrower ot4ern~se agr•se in turtling, any such applicaiian of proeeF.tis to principal shall
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