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<br />If under paragraph IS itareoi the Property is ;old or the Yro;,ertr is othencise acquired be Lender. Lender
<br />;hall app]}', no later zhsn immediately prior Yo ihn sale of the Yropvrtc or iu acquisiriun by Lender, :uzy Funds
<br />}teld by Lender st. the time of spplieatiou as s credit against the sums sceun^d by t!ris AIortgage-
<br />3. Appliealioa of Pcrymeats. L?nle.~ applicai~le ]atr provides other,cise, a[3 pa}-tuent~ rec+>iced bF Lender
<br />under the 1~'ote and paragraphs 1 and 2 hereof shall be applied be Lcrder first in payment of ;uuaunts ps~•able to
<br />Lender by Borrower antler?taragraph 2 3rereaf• then to interest pacahlc on the Aote au~l or= h'utunt ?.dcanees. it
<br />any, and then to the principal of zhe Aote and to the nrincil,al at` Puhtn^ :hiyanms. ii arzy.
<br />4. Chm'ges; Liens. Borrower shall ps}- all taxes. sssessrnents ;wd other charges, tine, snd impositions attrib-
<br />utable to the Property which tnsy attain a priority Dyer this \lorigage, anzl grouu,i rent>, it any, at Lender
<br />option in the manner prodded under paragral,h ° he:eai or h}- Rarroner tucking },cement, n•hen due, directly to
<br />the payee thereof. Borrower eirsll 1>raml,Slti- karats]: to Lender all z:atire_. of amounts du!^ under this paragraph,
<br />~ and in the !rent Borrower shah utake ps1rnent directly, Borrower ;hall pramptic iurnieh to Lender recempts ex~-
<br />~ denying such nsyrnents. $errna•er sleaii s,rarn!xit- :lischsrge any hen which has priurtty Dyer this Mortgage: pro-
<br />;~ tided, that-Borrower shsi] rot be required to discit:arge any suc3z lien ge long as Sgrroxxer shall agree in writing to
<br />~- the payment of the abligatian secured by s:,rclr lieu in :: manner acceptable io Lender. or sh4i! in good faith contest.
<br />such lien hy• ar defend errioreema:rt of such lien rz, k,al proceedings ,c~hich uperste to nrecent the enforcement of
<br />~ the 3ien ¢r forfeiture ai the Ptvneri}• cr am l,ar+ therei,i.
<br />,~ 5. iiasard huuroare. Borrue•er sirclt keel, tits irnproyement~ tru„~ est,trt„ ar 3urcafter erected an the Prop-
<br />erly insun~+l sgsi*tst lass hr ^re- i:assrds inc3udz'<: triz3}irt zlre *.e.*tr..`exterdeti co:ersge .:su+; st:ch other hazards as
<br />Lender may re;are and hr strylr sir*.owtts :an.i :> r such :,eriads as Lender nray :•cquin^: ,,ru, ide+l, that I.euder shall
<br />naL i,cquiretirst the amount ai such royt^rae ex.ecd ti:.'t amount of eoyersge :eyuittd to 3>sy the sums secured b}~
<br />dais ~iortgage-
<br />The insurance carrier •~ruyidin t1:e a:=:.r::::tee ='.zsa he ci:aserm 6r Borrower wbSeet t. sppmya! be Lender:
<br />pmcidyti, that such spprnys3 shall not. he ~ ..re'ssoasbli withizeld..1r,1 premiums on insurance l,oiicics sizall lte paid
<br />at bender's op*_iarm in the msntrer 1•.*oyt+:,~:i u.:+irr ; .ar3},i: '? hen~~i or hi- Borro~i cr ntal:ing }~v~:2:ent, Cher, due.
<br />ditoctly in zhe instmrsnce carrier.
<br />In the eteer any policy is not renewed or. or before #en dacs of its expiration, the Lender, t¢ protect
<br />it; izt#eres#, may pmcure insurance on the improcermenrs, pay the premiums and such sum =hall become
<br />itnnaediately due and parable a-ith interest ai the ra#.e set for#h in :;aid note until 1>zrid snd ,hall he
<br />~+-.,*~_ h>,• ihir ?r!nrr Fsilnrp h~~ R,: r ~.~ , a+,,.ilt- „~ .>r 7 ~.~_ y a_~re-_t.
<br />under the terrn_~ ¢f this \iartnsge-
<br />4I7 insurance txilieic: and t<nensis tl„rrt~•j shsi] ht, iz: iunn :,rcc,,t,rbh^ to Lrt::ier smf =link inchaic s stsndanf
<br />ru¢rtt~~ clause in israr ai and m ions artY-ptcl±le *.o Lender. finder shsi] hsyi~ rice ri;ix n: !raid tS:c pohcia_ snd
<br />raaewaLs thereo-f., snd Borrower sits]] prazalxh iursish to Lender all rene+yal notice and alt receipt; of paid pre-
<br />:tritrrns. In zhe event of loss<, $orztia«'r: sitaL give l,rompt notice to the, insurance carrier and Lender.:and Leader
<br />may make prtwi ai loss ii not made pranmpth- by Borrower.
<br />L;s,}es Linder and $orrawrr ati,erwise grc-e in tcritiu~. insurlni•r ],race; is shalt br appi ~? .o restoration or
<br />repair ~~i rice Prapertr dsmnaei. t:myi:i<-d s - ; *e:toratio.: a- rrpsir i< econi+nt:~sl?r irssiLle :tnu the :erurizr of
<br />t3mig ~i¢rtgage is na*. theseb}- atnnsim:. ii s..~:, t~;t..~r.,tiat: or rep„ir is rot ecoron:icaitr feasible ar ii the securitt
<br />¢t#hisliaiigago would t+e impait,ad, th- insurst:te I,racer~:s shsi] iK• anplie,: to thi• sums secured by this ifor[.gage,
<br />with r~ sy~, ii any, raid to Borrasyr- Ii 2imr Property rs ahamiant~+: its Berrmcer ur ii Barmy, er fails to respond
<br />W Lender vrithin iii dscs suer natiyt> by Lender ro $orrawer that the insursnrr carne, Drier. to little a claim for
<br />itssurauce b.°Le~t3, Lertd~r ~ authorized to yalleyt and spill}• the instrrsnce pn><•eeds st I,euder`s o¢tian either i¢
<br />rtstaratinn ar repair ai the Pm}>zray er to the ;urn. secuml h.' this 1lorzgage.
<br />i;slaass Linder snd $arrax•er atitrrwi,e ag:t•e in tinting. sry surit applii•stion o< prtmc~ds to principal steal!
<br />cwt extend or pwtpane the due date of zhe m•~nthly inszsllments reierrn,i to in l,sragraphs i snd 2 itereaf or yhangy
<br />t,6e acaun# of suet; itv-•taL'ments.
<br />1# under I?axsgra;ih lE lmerrai rtes Pruperty is a^quii~i by ;..ender. ail right, titre shsi i>,tet~<; of Borrower in
<br />cad ttr anv° instmrstree roliei~ » ,i in sn:i to zts~ p:•~rc•~?s tlayreoi tta tl:t- zx,cm ~,i rite .unz: sc•,:ur,:: bx- this ~Iart-
<br />gage itnms'.dlateiy pricy to r'ach salo• ~ : c'.~siri*_ion i re=aping itz,m dnmsge to rtes Property pno: to the :nle or
<br />~trisiciun shah ;tam to Linder.
<br />&- Precm~tia~ ®d M®3an®ae cf Property: I.e~eholds: ConalomSaitaau. Ba mu-er ahs;1 ie~p the Prvp-
<br />crKy iJ lt'~od reltai sui s:tal; no: pcrrr,.t ar cantrnit waste. hupairne~t. or .let-rior-atia:: ai the Propem- snd shall
<br />c~p3c witty rise prayisiars ai anc lease. !: this Mi:zttrage rs un ;; ?essel:old_ Ii this \iargage is on a yondaminitun
<br />Trait, Borrv~rer sha13 7}er-Iamt all ai Born,wer',: oblagstiar,- umier rtes derlaratier: ai rondomrnrtant or master Bleed,
<br />ttre by-3a~s•s sad regtrTatians of the ram~onriniur.: ;:n,;rct :;n,i ititusvtueat aoruntrn~.
<br />9. ~ ~ Leadc's $esaaritp. 1i B~^raac^= i:zti. to 1^rriorn; th~~ ot•rnant, :tnd :xgreamrrt. contained ir.
<br />this 3~iortgage. ar zi sac sytrotz or pr~.ceedtt~ i; rt~r:n=cure{ wl,u-r:- wuterivi3y sff<-et_ i ~n+ier s irzettst in the Fmp-
<br />extiy, including_ but net limited tea. etninrnt dt'anatn. tt,.c+h rnec, r,u#+ ~-tour;+:nrat_ ~+r srrungen,ents or proceed-
<br />ings fatlr-fug a ttanl:r•snpt ar dc~ent. ti>en bender at i:ender ~ upzor.. upon :,uta~re to Borruu er. that make such
<br />appautranees, disl>tz.>Se suyir sums: snd t9ke suylt actint: ~ r nrre_R:ar~ to priteyt Lender's interest, including, lint
<br />sot limited ta, tfr~.iur~rurnt ai ree.iansblc~ aztoraeti - izr snU cnt_n- uxxxr, ; hz Proi+rrt}• to nialce repairs. ?zny
<br />amount!, distuxserl by Leader purr-.:sit za this psrst;t3ti; ;. a itl! rn+,emst theaxrmt. sha13 be+~oma additiansl iadebt-
<br />eair~ of Bortssac¢r ~^at>zii by this ~longage- ~nizss $¢m-nyer snd Lender sgrn° to other terms of psgment, suc3;
<br />>ttn©un#s s3ixl7 he pacab;e uisan *:otire irant L~rn+3ez to Barron er *ruut~.utg psrmrttt ; h=_reof, snd shall hear intzr-
<br />eec. from the date of disbu-~nen: at rte rate tatrd in i7e \otr unlcs: ya}•rsrnt of inte*~st at such rate n-ould be
<br />trasttary #.o sppliyatle lau•, in whirl; scent such azuounts steal; bear interest st the highest rate permissible by
<br />apple law_ ~iothing eomainc~i in tlai5 psragrahh : sirai tcitan• iestder to nayur any expense ar do shy act
<br />L >NP+e~n- Lender may umaali ar .can=e to lat^ rra,ie ressrstzaf,l,_• ~ntrie_, ul»~n ant inslrertian= of the Prog-
<br />ertp, pr¢ritlad that Lender -hall gire H-arrow zr na?tic }+!•ior tc+ :anx ~ur}~ in.nertzon -1,er;i}'ing rea.ons6le reuse
<br />t6~for s+rlated tci Le3rder''=_ iatstesf in the Property.
<br />i Cmd~timaa. The prurxtds of and- award or rlaini far damages, dimxt or capcz~uential, in eotmeetian
<br />with act etuadersnatittm or ether taking ai the Prolxny, or }+art thereof, ar ter yanrecanc•e in lieu +ai condemna-
<br />tz~, cue 2~1+y s~ignat and shall be Raid to Letmder. -
<br />is the eraat of a soul taking vi the Property, rice i+meeeds .]call lte applied to the sturi,~ set•ured by tlmis ]iort-
<br />gtt~e, with zhe ezetss, if awe, paid to Bttrtxnter. In else !tent of a Isartial taking of the Yropertn•, unlrss Borrower
<br />arxi isaadoa' agree is n-ritirag, there shall be appIi¢d to the stuns secured by ibis \lorigage such propar-
<br />_ ~ P~ ~ is e4usi tta that proporti¢n whicls zhe amount of the sarms secured by this \loitgage imme-
<br />ditate}p prtnr to Ytxe date rsf takitrg bears to the fair market slue ai t3re Property immediazih• prior to the date of
<br />8, tc t~ balasoe ~ the proceeds paid to Bartower•.
<br />I# the Pmpext,g ~ abaadoaed by }iot3ota-er or ii after notice by Lender to Borrower that the conderunor ¢ffers
<br />tp males Ayr atrard or settle a Claiua for daumage<, Borrower fails t¢ respaad to Lender within 30 days of the date
<br />of such arotice, L,esder is sut3wrssed to collect cad aplth the proeee.{e at Leader'.: option either to restoration or
<br />tepaia of the Prapeaty ¢r to the sums secured by this \lortgage.
<br />Urrless Lender and Bor'row'er otherwise agree iu writing, any such application o3 proceeds to principal shall
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