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If under paragraph 13 hereof the Proper;.}• is sold ar the Property is othcrt,~ix acquired b}- bender. Lender
<br />shall spp1V, no laier than inwrediately ~,rior to the sale of the Property or its acquisition bt Lcncier, any Punds
<br />held by Lender at. the time of applica#imt as a credit against the sums secured by this AIwtgagt.
<br />3. Application of Payments L?nless applic•ablc la„ provides otherwise, all lr;rcntenis resolved b}~ Lender
<br />under the :Vote and paragraphs I :cad ~ hcn~of shaA he app!ied by Lender brat in pacwert of ;unmmts parable to
<br />Lender by Borrower under paragrsplt 2 hereof. then to interest !>;tysble on the \oic. anti on Future Advances, ii
<br />any, and then to the principal ui the \otc and to the pritrcil,al at Future Ariv;wee>. if an}•.
<br />4. Charges: I.iests- Bart•ower snail pat- alt taxes, asse_sntents aad athcr charges, fines and impositions attrib-
<br />utable to the Property which may attain. a priaritc aver Kris \Imtgage, and ground rents, ii anc, at Lenderb
<br />option in the msnaer pravided under parsgea?,?: '? he::~oi or l,y Borrower wakin, pa}'ntent, w!ten c3uc, directly to
<br />_~ the pa3ee thereof. Borrower shall nromptec furuisL rte Lender all notices of atnouuts clue under this paragraph,
<br />sad in the event Borrower ahal! make pa}-meut directic, Borrower shall promptly iurnis6 to Lender receipt= eri-
<br />('r dencing such payment,. Borroccer ;tall promptly disclearge an}' lie: w-hic!t has priori#y Deer this Mortgage: pra-
<br />v3,'ed, that. Borrower shall nat. be required to disrkat~e any such lien sa long as Borrower shall agree iu writing to
<br />;,'* the payment ai the obligation seeury e:y such lie:, is a tusttner acceptable is Lender, or sh;tll in good iait?t contest
<br />Q such lien by, ar defend enforcement of such lien in, legal praceedings :,-hick operate to nrecw,i the eniarcement of
<br />the Lien or farfei#ure of the Property or any pari tL-ereoi.
<br />~ 5. Aaxard Instuance. Borrawer sitaP, keep the uul ~rovemerts nose extstta^ or hereafter erected on the Prap-
<br />l~ ertc insured against 1os by 5re. ?:sward= iaciuded wiihitt the tom: -'extended coverage-', and such other hazards as
<br />Lender mac require snef in sue?r :intaunts ;,ttd far ,t;r': }'erio.?= ss Lender way regtttre; provided. that lender shall
<br />' noL regain tha# ike amount of such coverage extreci th:,t amount of coverage regained to pay the sums secured'bv
<br />tl~iS jiortgage.
<br />The itLUranre carrier ;,rociding the it:sttra::ce sl;ai7 ire .-hose:: in Borrawer subject to approval by Lender;
<br />nravided, that welt approval shall not ie a:treasonsbiy withheld. A?I premiunra an insurance policies sl:al! be paid
<br />at Lender's opiiatt i,_ the zuantter provides ur.dcr ; .ra_raph _' kereoi ar he Barrawer making pa}-meat, when due,
<br />direrLc to the insurance Barrier.
<br />In the event ane pclicc is not renewed on ar before ten days of its expiration, the Lender, to protect
<br />its interest, may pmrerre insurttnre on the improsements, pay the premiums and snch sum shall become
<br />imruediately due and payable txZth interest ar the ra#e set forth in said note until paid and shall be
<br />secsrixl by this ?Mortgage- Faiture by Barmwrr to eomph~ may, at option of Lender, constitute a default
<br />trader the terms of this lior#gage.
<br />AlI Sr3z73raP,i2 i~7zoTC:= ~'.)u =.R•nYa'r1i? i Gt•r cti,i >-_. ? iX~ in farm Sort i"[xi~?i tC, i.i r!~iCr iu:d assail 3nP,iicii a - as
<br />martgage clause in fa=ar of sty in loan accel+;ahiti~ ~ta Lend,•r l.endrr s?sll have the right to kaki the lta!iries and
<br />*enewals tsserc-~~i. and Barrawer s]t~li pratuptl, i:tr::ish to ]xnder all renews] natirea and all receipts a! paid pre-
<br />tniums. Ice the eien2 ai ~~s, Bozzvwer slta?l gitY ;>rottr};t r:uticr *.o *_he is sur;tnce carrier and Lender. and Lender
<br />utav make praoi of 'a>r ~~ roi made promptly L+- Borrower.
<br />Unless Linder and Borrawer etz_r,-=e sgr,~ i^ writit:r. ;t:su.-snce }~rvreeds shall he applied to res#ora#ion or
<br />mgairof the Propertc dan:a~ed, ptv,:ded weir restoration n- :v},sir i, econmvicalIy irasible and the security of
<br />#3tis \iari;,age ~ not tlretehy =n:paizrd. Ii su~It rata r.tt lore ar <repair ;~ not eranuanically feasible or if the securi#y
<br />of ibis _liortgage wauld }>? in:pairrd- ttre ut=uranee praiYe~!s sisal; Le appeie~ to flee sums secured by this iiort~age
<br />si#h the execs`; ii snr, paid to Barra;r er t - -I,e Pro;xrty is skandort~tl i>c Borrawer or ii Barrawer isils to respond
<br />to bender ~`it~t•,in aft dacs after notice by Lender to Borrawer that the insurance carrier o;iet>; to settle s rlsim for
<br />insuran.^+e benehis, bender is sutheriaa to ca}leer and apply tlte• itrsuranre proreeds at Lender'` op#iott either #o
<br />res3assiimt or repair ai the Propertc or to the sur~rs serute•3 itv this Murtgsge.
<br />Tintless Lender area Barrawer ot3semi;e agree in writing. our sun? application of }:nxeeds to principal shall
<br />not eatetxl ar pastaotxe the due date of the tranthh i*tstal!ments reiermd to in psragrophs 1 sn.i 2 hen;of ar change
<br />t~ amount ai sun}, instaiiments.
<br />B tinder },aragragit I$ Irerrai Lire Property is attilwred by lender, a`l right, title and intettst of $otrawer in
<br />a~ to wren in=s;-anc-r ;,alleles and itt ~,? to the Pn,reeds thorcof ;ta the extent ,a; t!te sum. ~;urr:: b}- this \lart-
<br />i ssnn~ai4ste3y prior to such a^n?e or arquisitiar_, rc,nltin, *.mm dsrtsgr tt, rite Pm{um- I~;tc•= io the ,:ale or
<br />acquits ,brill pass to I.endxr.
<br />6 Aeaaat~m and Ice of Property: Leaseholds: Condotaiaiums Borrawer shale keep the Prop-
<br />erti^ in goc~i repair and sha!i not }>znntt or catuntit waste. intpainnent. or deti;riarsune o; tkr Proper}- and shall
<br />'-'~nPh +rith the prot'isi.~s of acv lea5r. ii this \lartgage is otr a ,easelaald. Ii this \1ort~are is on a randominium
<br />tutu. Bt>rtouer shall perfazrn sli ai $otroaer'e i,ijiigat.an~ under rite decisraumx ai irondorainium or tnaa-ter deed,
<br />by-laces ar>;: rt~,tl~.se-.~=. ai rite ~ndenr:r=i,~tt :~_ar-_t ~_d ca*sstit:3ens dacunenta.
<br />7. ptvleetiaao3laaslu's Security- ]i Ber?vuer fails to periarzr tine cot•ezssnta aad agreement; contained in
<br />32ti; \lartgage,. ar if sac sctinn or prohettiing :s comuret;etai w hick waterisle~- st?ects Lender: interest in the Prnp-
<br />er2y, isrlr:ding, but riot lrtntr + ta, rte+.zni•ct ,?causnt. n:-alvenrc. ,•ade eniarcement, or arzxurgements ar ptoteed-
<br />inYs invalcing a bankn,tn. sir ilEtwdrnt, tiier~ Lender st Lender": optia&. a}ron ntuire to Barrawer, may make such
<br />appesrsaaes; disb•L.e suttt sw-+rs anti take such artior. x, as nr~.sst•+ to pmtc'e= Le*rder~ interest, including, but
<br />teat Iint#ted ta, drststtrsement jai reaSal.9i,le atton;ec > sets and entry u}wn the Property to nxake repairs. 4ny
<br />sttusunts disbursrx.l by Leader purstu,'.t to x;zis prragt~ap!t :. with u,terest thereon, :hall ]xrome additianai indebt-
<br />sa# Barivirer secured i_iY' tk:s ~It,r-ga~~. L'nia~ Rarrawrr and i_rnder synm to writer te.*:res ai #,r,~-mt'nt, sizrh
<br />atnaurtts aLtall be aaI°able tt}aan nuiice icon Lt~nder to Barntwer ^ayursting psymenz thet~oi, and skall bear mter-
<br />eet fssm the date ai dirbtrr~tnetrt. at the rate ~tat~: in the \ote unless z~emer_t of interest at such rate would be
<br />esm#aars to applicable lace, in •whirlr Brent =uc•_t amount, shall Itear iatez•~t st the higkest razz petm~ible by
<br />a~slicable lax•. 1ia#lxin~, rantairati in *.hrs },srac>rsph : s3i:z;l nKluirr Lender to inru.* any expensz or do arc art
<br />hsreunder-
<br />& Let:3ei may awake or ra~~se to lr_ trade reawnahlc ertnes ulx,n anti inspeetians of the Prog-
<br />eity, provided that L~esder shall eve Barzawer nati~ ;-ricer tc, stns .u,.}i ir.=pectian speeifring reasonable cause'
<br />ilfav relaied to Lender's istere=a in t'ne Prt~rty.
<br />i m 'ihe gratreds ai any aa-axi or rlsim for 3a*_nag~, direct or eonsequentie!, in eannection
<br />s-ith say aisnd~naatian ear tstdter taking a# rite Ptu}x'ns~ ur }can themai. o; for conveyance in lieu of condemas-
<br />;iitst, ass ~s'ay a- s~# ~ call t~ ; icy LeKder-
<br />httlse event of s coral #skiugof Use Ptcrl~rtj°, rise }xrcxze~i; -ka11 lee a}r}siit~i to the sums secured by this \iort-
<br />grge, wytb t~ eitams, if any, paid to $atroa°er. in the e,-~nt of a partial faking ai eke Prolx•rty, unles, Borrower
<br />trssd lender agree is rriting, there sl,a!1 rte applied to the sums tenured by this \lartgage such propor
<br />Lit al flaw prareadr as i$ etgttal to xlta# proportion a-}riclt tke anraum of the sums secured by this liortgage imme-
<br />' diattiy prase is #lte dale of iak'attg hears to the lair uratkrt value of tke Propert3• itnutediatety prior io the da#e of
<br />taitia~, , ~e balance of the gene~ada paid to Borrower.
<br />I# t~ Pnstpatty is aisantianed br Bt:.;vuer or if after notice ?:y Lender to Borrower titer the condemnor offers
<br />is x~fake sit axatvl w settle a el$im for datttages, Borrower fails to res},and to Lender within 30 daps of the date
<br />of sack raataee, Ti.etsder i atrtltorued #a cutlet acrd cepl;iy the proceeds at Ih:nder's option eitker *.o res#aration ar
<br />repair of #lse Piaperty ar its the sums eerur=xl by Uric \lartgage.
<br />i'stileas Lander and Borrower athersvise agree in writing, any such application of proceeds to p*incipal sisal!
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