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It under }?sragrsph 18 hereof the pre;,crt~ ie sold or the Yrapcrt}- is otherwise acquirers by bender. Lender
<br />shall apply, no ]star than immediately }trios to the sale of the Pn~pcrty- or it= acquisition h}• lender. an}' Funds
<br />bald by Lender at the tint of application as a credit a~sinst the sum secured be this AIorrguge.
<br />3. App&eation of Payments Lrnless sppiicablc law provides afhera-isc, all pacnu:nis received by Lender
<br />under the'~ote and paragraphs I and ? hereof shall he :xpplied be Louder first in payment of amounts payable to
<br />Lender by Borrower under paragt.xpit 2 hereoi, then to interest pa},able an the Aote ami an P'uturc Advances, if
<br />ary, snd then to ttxe principal at the Aotc and to the principal of Futur,• -ad~~aa~•c~. it any.
<br />d. Charges; Liens. Harrower shsll pa}• ;till iaxe;, acessments and other charges, lines anti imposikians attrib-
<br />utable ±o the Propert}• which tna}• :tttsin a prioa-at-c aver this \Im-teage, and ground rents, if an}•, at. Lender's
<br />option in the manner provided under paragraph ° !:ones or by Barroa-e-r making payment, when dne, directly to
<br />tine ps}•ee thereof. Borrower shall promptly iuntis?. to I.t•ncler al! notices of amounts ~Iuc under this paragraph,
<br />and in the Brent Borrower shall make uayment direct!}-. Borrower sit~ll lmmnpth iurnisi. to Lender receipts evi-
<br />..~ ,sensing sliest psyments. Borrower shall promptly discharge env lien which hss priority Deer this Mortgage; pro-
<br />utded, tlxat. Barma-2r shsll not be required to discharge shy such lien. so lone as Harrower shah agree in reciting to
<br />,~ the payment of the ahligstiozt secured by such :sea in a msnner acceptable to T.cnder, or shah in good frith contest
<br />i
<br />such lien by, or deierd enforcement ai suclx lien iu, legs! proceedings which operate to prevent the enforcement of
<br />..., the Lien or iorierture of tixe Properi}• or an}• {=art ;hereo;.
<br />O 5_ Hazard insurance. Barn,wer shah 'seep rite ins~rore!nents rm: existing or i~creaftcr erected on the Prop-
<br />erty instz,*ed agsirs? lass ?,c &re. hassrcis included,,:tl:ir the tens 'txtended ctn-erage". ;uxt such ether hazards as
<br />~ Lender may require ami in st:c;; stnaunts :tad iar such ;,mods as Conner ma. mquire: pra. ided, that Lender shall
<br />~ hat require [stet the amaant ai such earerate exceed tn~t snouts[ of co, crags re,}uin~.i to pad- the sums secured'by
<br />tlis ?tiarigaga -
<br />The insurance comer :.rociding ti:c istsursnce skal; i. i:osen i,y Barrawer sui,iect to approval by Lender:
<br />provided, That such spprarsi shsil rot be a:reasorshi. withhelii. _1li premiums ot: insurance policies shall be paid
<br />st. Lrndei s aptior.:tx lire manner } rovide,i u::1er ~ ~srs~rspi: ? I.ereof ar :,}- Borraw~•r making ~svnxent, ,then due.
<br />diteetly to the iusursnre rsrrser-
<br />in the event any policy is hat renewe3 an ar before ten da}-s of it.~ expiraiion• the Fender, to protect
<br />its inteaest, mac procure insurance an the improvements, pay the premiums and such sum shall become
<br />immediately due and payable with interest at the rate set forth in said note until paid and shall be
<br />centred by this 'ifortgage. Failure by Barmw'er to camp!}' may, at option of Lender, constitute a default
<br />-~d.~~ tl.a r_ _ rF 3h'r rit~.zr nn~
<br />all in_~uranre paliria; and renewals there:: -i:all 1,r in loch[ accrt,t~l,ie to Lander snd shs11 include a standard
<br />tnottgage e3suse in serer of and its tern: sct•ertai~le to Lender. l,rrdcr shall have the right to hold zhe policies snd
<br />r+Pni>R'S1S thereat. snd Borma-er ,hair }1mmptly itznxi=l: to Lender all conch's! vetires and all receipts of paid pre-
<br />naittms- In the evexzt of lass. Bartvwer chess gi,2 nrau:et notire to the it:.urauce t•arrier and Lander, and Lender
<br />nsav make prom of I~ ii hat nxsde prong?lr by Barrawer.
<br />Linless I tinier snd Barrawer t++tl:era-ise sr~•e in writs[:,. ir.:u::s::rc }:racs~d: shay, he spa'ied to restoration or
<br />re}tair ai the Propertc damaged, pn:rideti suer: *~teratto;..r rei,air is eronauticalh feasible ant: the seeuriiy of
<br />:ass 1lartgage i; not iherebc im}vain,i. li sueiz restor:azio!; .r rtns;r i= not t~ro::anticsi}ti- ies>ible or if the security
<br />of toss \iottgage would he impaired, tl;c-'_,snrr.::rc pro: ~~:> sisa:± i,e sp},ii ~i to the sums secutt>ri by this liorigage,
<br />with the esrea, if any- paid to Barrawer if ti,e Pro},ens :s ai,andoreti l,.• Bartva er or ii Borrower isils to respond
<br />to Lender within Sit days sitar notice 't,v Lender to Barrow er that the insurance carrier otiexs to setxic a claim for
<br />iasurattsc t,eneitts, Lender is suthori=c~si to collect snd apldy the insurance i?roceed; at Lender's option either to
<br />re~Atstion a}r repsir of ta,e Propzrtr ar to the ,lira; cured be ts,is Mortgage.
<br />i`inies:', Lender and Borrawer otherwise sgree is writixzg, ant vci: spplzcsttan of proceeds to principal shall
<br />not c[[[oed ar pcffitpone t:.e due date of the :nc~~nitl}• it:sallments reterre,i to h: }~sragraphs I snd ''. hereof or change
<br />rise amrntnt of crisp insts3lutexxts.
<br />If der ~ragrst+h iS hera?i the 3=~r~ert}- ;. acquimz3 i,y Lender. all rir*bt, title and srterest of Borrower in
<br />and to env itxurant'e palicic± nd i„ and to tltr }',n1t~c~-ds titan t ,to ti;r exts-nt of ti;s~ s,srL::zt u^r.s Fn• ibis \iart-
<br />S~ i.n~*~.~}.~teiv ;xrior to sut-h ~;r .*r a~aui.itix: ~ re=unit;g iron; :3an:sge to z'.te Pn,},zrty 1> rtr to the sale or
<br />xrqu~taan ' SI pays to Lender.
<br />6, ~ aar7 ice of property; Leasehalda; Condominiums- Harrower shah keep tiro Pmp-
<br />eriy w goad re}>.sir srd =nail not },cnz~xt ar commit waste, impstrn?tint. ar ,ietenoratiat: ai the Property and shall
<br />atteaply with * e t,raa-isii+•xs ai ssv ?2Y'a', ii [}xis liongsgr i- ar. s lessc [.aid. ti this liarzgsge is an a coudominittm
<br />~nit.I3attnwer sI>~i z~ericnn s!i at Harrowers obhgstioas under tiro declszstian ai rendeminium or nosier deed.
<br />t.6e by-Isms and rr-gulat;ons c,i olio eot„ianunSw-n project >n,i ranstituent ,3acumr'nt'
<br />I. Aoteeboaa of Lender's $aesuity Ii Barrawer sails to perfam: the covenants snd agreentzrts contained in
<br />this liort~,sgc, ar zl ary s.°ucsn ar pro,•+eeti;ng i=_ catnu:enrr-,i whir;[ :naterishr atie~•*..s I,rnd~r ~ inter~,t in tlxe Prop-
<br />erty, iat•luding. l,ut nxu ?imxtr~3 to, eu:inent doutaiti, tx.. ;trnr}', ,'adc• crtor:•crornt, ar arrangements ar prort,ed-
<br />iugis involving a teariru:=: *_u tiz;•edent tt.er: Lender at Len,irr s o}~?tan, a},oar r.aticr to Borrawer, neap make such
<br />appearant,es, dist+ur:i sues: auras sxtd tske suelt actio:t ss ; ne,e~sary to protect l.endeis interest, including, but
<br />cwt limitod tt+, dtsb zrsement ai rratixnabie attarnry's i -_ sad entry a}wn the Pmpert}• to make repairs. any
<br />arnou.ttte ttiavuzscri tc I.tesxder };urc-~:snt to ?},is }rs_~gra}=1[ ', ,ritL intet•est tisereon. shall become additional indebtr
<br />edaeasoi Bc_+rawerstxu.~v by tsxis ~iart~age t mess Borrower s'z,i I-ender agree to att:er tem>r of payment, such
<br />atneatasus a~ssll ke peyabie upar~ notice irate l.ersdc"'r tt.• Bar=ower requesting payment ti;ereoi, snd sixes! bear inter-
<br />. scrap the dale of disbw~...xent az the cart atate+i in rte \ott un:ems pavmem ai interest st such rate would be
<br />aeatsary to applicable law- in wivrh crept suns; stnuunts ;hall !.tear imerest at the highest rate permissible by
<br />agile lau, \otlxitxg enrtaineri in tits- !,srxgrspl• six:}i zr-,wire Linder to incur any expense or do an}' art
<br />fi_
<br />$ Lr-ria-'2r xua} xtxal:e ar ~ a•a-e to 1.c trsic rearonahlc z•ntrie=. upar, and irYPeeiions of the ProP-
<br />~y£ provided that Lenderr3xsl3 give Sarrtsw-¢r ratire• prior to any such irs}~rtion specifring reasonable cause
<br />tsar r~.aud tz+ I tinder`s ietzrz:t in the Property.
<br />9. C.ood~aiiaa~ The gmoeeais ai any award or maim iar damages, direr[ ar consequential, in connection
<br />[oath a$v amdemnatian or otlu-r taking of rite Ptvtacny. or }kart tlsrreai, or iar conveyance in hen of condenxna-
<br />tatsa, ace y a~igned sad ~sil to paid to Letxiar
<br />sax taecsrast of a to#al taking of tlxe Prtr~erty, the }+tort~.-Is shall Ixc• s}xplitvi to the hums secured by tlxis '\fort-
<br />with L11R ex„if arty, paid to Barrawer. in tlxe event at a partial iaki¢g of the Prapc+rty, urfess Borrower
<br />An$ i.eader dt3tersctxe agnxe i¢ writing, tlxere shall be applied to the sunxs kerured by this \iongage such propor-
<br />_ Lust of the preoeazls as is egtml to that pn3pnrtion tchicls t}te amount ai the sntns secured by this \lortgage imme-
<br />diateig pry tti the elate of taking bears to tlxe fair xuarket slue al the Property immediately prior to the date of
<br />taTang, the laslaaae of the prtaceeds ?said to Borrower.
<br />If fee Pmpettiy ~ abaadoaaed by Borttta'er ar if after notice br Lender to Harrower that the eondetnnor offers
<br />to stake an award or ,Mile a claim for damages, Borrower sails to tvspond to Lender within 30 days of the date
<br />of s[teh nolice,'i.ender is aut.harized to collect and apply tlxe proceezl: at Lender's i,ption either to restoration or
<br />r of Llxe Property or tQ the sums secured b}• tlxi. ]fortgage.
<br />Li¢}ess Lender and Borrower otherwise agrex in wt•ituxg, any such application of proceeds to principal shall
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