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<br />If tinder paragraph iS hereof des Property is said or ±he Property is otherwise acquired be Lctder, Lender
<br />shah apply, no later than imn7ediately prior to the sale of the Property or its acquisitimz uy- Lcnder.:my- Punds
<br />held by Lender at. the time of applicntinn ss a credit against the sums secured in- this Atortgagc.
<br />3. App$eation of Payments. I'niess :tnpiicablc law prarides othernise, all psyn;ents receieccl by Lender
<br />under the IQofe snd paragraphs I and ?hereof steal! he apl,lied by bender first- in parn;ent of smoun[s payable. to
<br />Lender by Borrower under paragraph ~ hereof, tlzen to interest payable on the Aote and on Future ddcances, if
<br />any, snd Then to the principal of fit, Aatr and io the t,rincipai of Futuro Ad,-:ux'es, ii any_
<br />4. Charges: Liens. Borrower steal! pas ail tapes, assessments :and other charges, fines snd impositiuns attrih-
<br />utabie to the Property whist} mss' at*,ai7; a rrioritr mer tl;is \Sortgage, snd ground rents, ii auy. at Lender':
<br />option in the n7snner provided under psr;;grap?~ 2 ?',. reof or !,}- Borrower making payment. ,c3ien due, directly to
<br />the payee thereof. Barran'er sl*.sli promptly- fur:zisi± :;• I.erder all notices of antourts due tinder [his paragraph,
<br />,,~ snd in iise ertnt Borrower stts33 make payn;ent tiire:•tly, Barrawer shat! pron;p[ly itirnis`., to Len~icr receipts eri-
<br />deneing such payments- Barra,e~er shall pran:l,tlc discharge any lien u-hich has priority- Defer thi;- \iortgsge: pro-
<br />>.'ided, itt5t Barrawer steal: `.rat. be rcruii-ecl to aisehsrge an: suciz izen so lo7zg as Barrcn.er siz°il scree in :rrittng to
<br />the pag•meat of the obligat~an ..cured by sucit lien zn a rnsnner arcentsble ni Ixncier. x shah in good faith contest
<br />such lien by, or defend enfarcement of suelz 17en 7n, Segal nroreed4ng.~ ;, iuc17 operate to preccnr [he entareeroent of
<br />the lien or forfe.•itute of the Propertc or any- part theit~cti.
<br />5. Hurd Insurance, $orrotrer she? keep ;. ; iu:>ma'en:erts au;r ;>stsrn;; or hereafter crtrcted on the Pro}-
<br />ury insured against lass by are. haxan~s ina'lt7de:1 ;i it3z3:z the tern; "extended co,•erage". an.i such ocher I;azsrds rs
<br />~ Lender may require and in such amauuts and is saris nrrunis ss l.; r ucr m:;y nqutrc S;n„'hlec. that Lender shall
<br />}`~; not requim that the atnatrnt of such co, er.7ge ex~e?d t, ..*. sulount of a•o, ersge re'.tuire,i to pas the .Hinz=_ secured-br
<br />this lion-gage.
<br />The insurance carrier praciding ?he inst:rar.ce s.. .' be chosen i,y Borrower s7bect [o approt'al 6y- Lender;
<br />prarided, that such spprorai shall rot be unrassa7zably withheld..ail premiums on insurance poiicics shall be paid
<br />st Lander: ap#ian in the manner prarideei t:::di•r ;zars~r_t}u: ~ hereof or n}- Burro„ er n?ai:ing psyn7en2. n'hen due.
<br />directly io the iastu•at?ce carrier.
<br />In the event any policy is not renect~d an ar before ten days of its expiration, the Lender, to protect
<br />its inte3•e_ct, may procure insurance on the impmcements, pay the premiums and such sum shall become
<br />immediatety due and payable Kith interest at the rate. set forth in said note until paid and shall be
<br />secured bti- this !iortgsge. Failttm by t3ctrmn'rr to ramp!} may. ai option of Lender, rnnsatufe a default
<br />under LISe tetYnS of t'I1fS ~7artjT,ag`e.
<br />III InstusnceLx+lieies and rrnewais thereof -L<a;i iu• i^ iortn aerel•u7cle u, Lender end shall include a standard
<br />mortgage clause in fararof and in form sczepisb'--~ ta; L_nSer- I_erdex shall }tare the right to !told the policies rand
<br />senea-sls thereat, snd BarroA-zr sits!} pn~lnluSy- iurn;saz to l:e7z•ier ail renensi notices and all receipt. of paid pre-
<br />ffiinmc ±n t17e event at lass, Borrati'er ~.i:s31 gi,'e prompt rtotire to the is suravice rsrrier and Lender, and lender
<br />play make praot of }ass ii not made prompt}} it $omn,-er.
<br />L?niess's~~7du snd Bo*•rwer otbernzse :agree in ,i ritin:;- i:_ u:-at;~~e ,,roeeeds shall b: spehed to res*-orsfion ar
<br />repair of *.ISe P~,,rry danis_~d, n:o,:-'<yi =:ciz *z~=ter:3tion ... - ,;,air i- rco::eauir::li•; ieil~3e and the securit}• c;i
<br />tf.:. linrtgage is net thereby impsit~ed. I:. uch n'Star:.tiu^. >•. re-pair is :cot e.onoc~icsih- feasible ar ii tl:e security
<br />of this }iortgsge u-auid be impaired, fate ::.\:t;rat,c•e l,rocceu> sacs!? in° sppiied to t?,e sttuss serur•ei b~ this \iortgsge.
<br />with th° e1[ce~, i? any. paid to Barrowe: _ ji cite Propen c :s ahsna3oned uc Borro~'t>r ur i; Borrower fails to S~pond
<br />Ltt Lender xritllin ~1,iays niter natioe by Lardrr?a Borrower that fur insursrace rsrrier a?Ters to settle s claim for
<br />inanranoe benefits- Lender r_ sutlzoraed to aaiie;*. sr;d app}}' thc• insurance pmrxiis st Lender's aption either to
<br />1•e~~toraiiaa .=r f'epair of the Progeny- az to the ;urns secured 'ar ti;is \fangsg~
<br />iavless Lead:r and $arrower athel-wise sgtce in writing, any' such applirsuet: i,;' proceeds to principal shall
<br />ant. exceed ar pcu~:pose the due datr of the tnanthly irstailments referred to in nsrsgrsnhs 1 snd 2 hereai or change
<br />ii~liIIfntlni aI s4Ch Sa1~481iIIleni>.
<br />H unticr paragraph 38 hzreoi the Prapenr is acquired by Lend, r. ail rigix, tide snd interest ni Bortnn•er in
<br />snd to any insurance paheies sr,d in sn.Y to the ^roees-d~ ti?a•7tiai ,ta ti;~' es-tert of thr s,1nL °<'un~i by this \iort-
<br />in:m~is~ly p:iox~ to ~1~ sir ar s,'qu~ition? resultin frtuu damage to t;,e Prolxnc pri~•. to t2te ~e ar
<br />srquisitaan shall pains xo Lender.
<br />C Aameasafaam ta+d Mmalm®ce ad P~zap~ertp; Lee~shaids: Coadar*+*+n,*+n Bnrn~a-er sha,I keep the Prop-
<br />e1t~• ir1 oc>,ad mpsir snd j,sl Trot pxr_mt or eomrnit ~sste. i^.,I:sirn?eat or deteriarstiar. of the Properly and ;hail
<br />twmp3c tw-ith rte pro,'isians si snr ;easy. ii t is ~lt,r;a'sgr i. nr.:; :esse;,ald, li t'ras !tonnage is o7i a eondomfnium
<br />;~it_, B~»xez ~t,alt ~*fsnrns sli ai BerrnA-- - --'-,= t:r•n> ~-,aer ,i,.' =-. wrest ,; ai caudemin ,n, v- :ras*_er deed,
<br />t~' a>f-1g1Fa and rP-~y'11t.~t3IIna Jl t~?2 t`b'~1L'-..2L' L_ _ _ .a i] _~1~_..i 1r_.I+~QCL:n::'r.li'-
<br />9, Fsatedica od Lessdez`s Sacozitx. ?i Batrawe*~i.,... - •erit;nn t hr cot•ers,tts s:ui sgr,eeasrn[s contained in
<br />;~ ~9nf4gnge. of if anp action ar rraeeedtnn is ranu;srn_,e.~ n,h7i•i.:ustr~rial?3 affect, Lender s ir;terest 7r. the Prap-
<br />P3{q, 3DC}7i ding, Init S}rZt 11Iint+xd ?t',, rni9isPni ilaii'1:i77.. .:._sjt't.rft'. :c?.3r .nii,7Y'+-nxYLi, o: ~rrttn~•emf-nt~ i,r jlrOC£tiv~,-
<br />i hsstIx•ing a Lisnkrut:t ar decrae~t, then Lets,ir :: 1-r?„j,-: u;,tzoz:. uiuu: r,otzre to Bi;^rawer, tnay snake such
<br />s}a}~sraa~ea, di~burae ,uric y}mg ;and take -uri; acuar, ran •. nec~-ssry to protect Lender- it'7ter~t. including, teat
<br />nn~ lirrsitsd tA, disbulselite:?t. of xa,srnsb}e sttarner - ie~- and earn '~ixlrs ri:e Propert;- to Snake repairs_ Inc
<br />;: dirkl2;_*xad I>y I,endz pursuant to tiat~ ssrsgra.els , . ,rrl: intets?st thet•=~,n. >hali teHcsnx additianai indebt-
<br />edt ad Bnrrtnr~er sa~.w-~.i Isy this '33argage_ L.nk~ Bo_*?nA'er snd Lender sgzc~ m oche:' terms o{ payment, such
<br />att>atsatr> shall rte payable upon nataee }ran-: I<nder to $o°axer rr'questing payment tfzereoi, aril shall bear inrer-
<br />~ f_~n tr_ dat_ of di~b-W-s~~nst at thf rata= -facet in thz \atr urie~ ns~-n;ert of intrr~t at suriz rate ~cauld be
<br />mattarP to spplieat+le taw, in zrhict: e,'et7t such amaurts shall near iniere~ at ?he lighr; rate permissi67e by
<br />3pplis~i3le Isac_ \atlting rantained in i?zis 'srsarap.;- si:ai: re;~uirr }.ender to ..,~ ur unx expense ar do any acf
<br />fl. I.end~ ..,ay nralis• Rr •atlse to i,c made z~eafionable entns'_, agar, snd it;rpection- of the Prop-
<br />ext~•, prrvririt~ the*. Ltsndrr sira3i give Barrxtaer nati;c },Tier to aa~ such ins}~ertion sl,~eifying rrasar7able cause
<br />tlxsefer related to Lender's intct'es3 is the Prap1rn~-. -
<br />4. Candr~m. The prmc~ds of :,ny an-art} ar ,~tairu tar dsnlages.'irert or ,:onsrc{uential, in connection
<br />vti~ ~~ "~ *,a°..-...:.s.*,~ ~• ~~ t;3tng as ?t,4 P.r. ar lea.. ,..rre~,r"_ or Ic. . ~,.-: ry-a.... ,.. heu of road:.......
<br />t~s, are !fir ase7gaed sad alts!} be r sit is Lrt;der~,T
<br />it+ e•ceali ai s tax I taking of the Property. #h= ;trnaez{i- s1Sa11 ?~ sppli~i to the sums secured br this lion-
<br />gage, with the caress, ii say. paid to Barmwel'. In thr Trent of a partial taking of rite Propetty; unless Borrower
<br />att,d Les~r;ee agree in writing, t}rere sits!! Ice apI>lied to *.he sums secumu b}• this ~lottgage =uch propor-
<br />titxl of the pmecet}s ss is equal to that propm•tion which the amoun*_ of the sum;: secured Uy this !iortgsge imme-
<br />drasdg }+nnr to tlxe date of fslaag heattk tat the fair axsrket slur a? tltt= Prap,~ttr iu7mettiatefy pr*ar to the date of
<br />tales, wails #hc fia3•arsee o[ site prot,eetis paid ?a Borrower.
<br />If t~ ~ if abaudaned by 8^-:rower or ii alter notice bti• Lender to Borroner Chat the condemnor offers
<br />to make an awned or at'4tle s riairt, for damages, Sorroa•rr fails so respond to Lender within 30 days of the date
<br />of saes ; Leafier is atrthariaett to eoitQCt anti spiel} the pr~~eeis =at I.ender'a aption Tither [a restoration or
<br />ngiaSr of the Fropert?r aa•#,a the stlrrta ~ilre+d f>p this ~Iongage.
<br />ilrllerb Lender sect I3orrerwer trtberwise egret: in wrung, any such applieatinn of proceeds tc, principat shall
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