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<br /> ' � � . -.' "amounss of inte�st payable oa the Future Advances in sach order as Lender.ia�eander's sole discretion.may _ � : _
<br /> -L -- - :,- de�rmine:tva)Principal of anY F�mue Advanse,Arovided tbat if more than one Future Advance is outstanding. --.--`��=.�..-_
<br /> Ixnder maY�P1Y PaY�ts received among the principal balances of the Fuuue Advanoes in sucb order as . `
<br /> . Leuder.in Lender's sate dis�etiun,may determiae:2ud(viii)a�lY otheT sums Sec�ued by this inctn�menr ut suCh
<br /> • � order as le¢der.at Leader's option,maY deta'mine:pmvided.however.that Leuder may,at Leader's option, _ .
<br /> , , epP�Y aaY sums payab2e pu;suam to paragFaPh S heceaf prior to mterest on and princiPal of the Note,but such ---. • . ,
<br /> .��'`
<br /> . .. . applicasion shall not othecwise affect the order of priority of applicaaoa spe�f'ced in this paragraph 3• • .
<br /> • e�cme±�.� premiums,andOdterlrnposirions :''.s°
<br />• 4. CHARGES:LIENS.BorrowershatlpayaUrenrs,taxes,ass-- , � . -�°:�. : ;.
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<br /> attn'bwable to the Propecry in the mauner provided under pasegraph 2 hereof or,if not paid'm sach maaaer,bY - ..� .—,�":
<br /> pasa a t �;_,�,,.�_:
<br /> w the payee thereaf,or in such other mannes as Iender maY „_-,.h..,
<br /> Borrawer malcin8 PaYment,wh�due,dir�tiY �. --
<br />, � ` . designate in writing. Boaower shallpmmptly fumish to LEnder all notices of amo�ats due undertLis patagcePh '; ' i�
<br /> 4.aad in the event Borrower shall make payment direcdy,Borrower sball pmmpdy farnish to Ixnder receipts `;;
<br /> evideacing snrh payments. Borrower si�all pmmptly discbarge any lien wDich h�s,oz may have.PrloritY over • � F:
<br /> . with the lieu of this Insnume�, and Borrower sbaA pay, when dne, the claans of all peisons ���_-
<br /> or equaliry , , .;.:J�'�-`�
<br /> . . � � �PP1YmS labor or mateciats m or in co�on with the Property. fN'�hont Lender's prior arium permission. : .. . .4.y"��
<br /> � which permisslon may be wirhfleld at the sole discretion of Lender,Hoaower sHaU noi alIow aay tien mferior ___ _ .-
<br /> " to this Inst�ument to be perfected againsc the Properry. ' .: .� �_;-,�
<br /> } .S � �`�:Y-.
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<br /> .-.j 5. HAZARD INSITRANCE. Bflrrower shaD keep td�e�provement4 now existing or heteattet e�ected on ' ';i d,_,�-�
<br /> � � . ' ..� the Propertq msuced by carriecs at all t�es saasfacxory to Leuder againsi loss b3►fire.hazards inciuded wethia `"" .... ..�.�•,�-�
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<br /> . - � the term"e�uended coverage",rent toss and such o�erha7anls,casualties,liabilities and coatiageacies as LendQr _
<br /> ' (and,if this InsuumeIIC is on a leasehold,the ground tease)shaU require and ia such amom►ts and fos sush periads ~��.,��
<br /> ' as Lender shall require. Bonower shall purchase po}icies of iasurance with respect to the Properry whh sach -- —
<br /> . , insnrets.in suah amotmts and coveriug such risks as shall be satisfaaory w ixuder,iacluding,but not limired . ;�� =�
<br /> ' � ' w,(i)Personal injwry and death;(ii)toss or damage by fae.lighming.ha�,windstorm,exPlosion,hurricane(w . ,":t,�.�.-
<br /> • �he extent ara�able).and such other ha7ards.casualties aad condngencies Cmcluding at least tarelve(12)months . • `.�_
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<br /> • rental a�rance ia an amo�mt equal to the gross rentals for such periud and broad form boiler and machinery . . ��`=
<br /> • insurance)as are nflrmally and usaally covered hy e�tended caverage policles in effect where the Property is . ':;'�:•-
<br /> . • . located and comprehensive general public liab�ity ia�uance in an amount not less than$1,000.000.00 aad . '` �;:
<br /> . � ' contaming an"Ordinance or Law Coverage"or"Enforcement"endorsemeat if a�+of the improvemems or the � ' ::;,.;_���._•;
<br /> : -f.._.-
<br /> � • use of the Properry shall at any cime wnsti�ute legal nonconfotming suuctures or uses:provided,that each policy • • _-
<br /> � .. ' shaU provlde by waq of endarsement, rider or atherwise that no such insiaance policy aball be cancelted, � . "'''•-��:.
<br /> . � endo�sed.altered.ar reissued to effax a change in wverage tmtess such insurer ahall have fust given Ixnder . .� .-��---
<br /> :-_:.,•:..
<br /> ' � ' � thirty(30)days prior writtea notECe thereof,such policy shall be on a rep2acement wst basis,wlth a waiver of -_
<br /> .``� . � depreciation,in an amount nos leas than that necessary to comply arith a�+coinsurance percentage stipulated in , ,' �
<br /> , ' � the policy,but not 2ess than one hundred percent(100°!0)of ihe insurable value(based upon replacemeat wst) • ���..;
<br /> ' of the Property and the deducu'b2e clause,if any,of the fire and extended wverage policy may not eaceed the : -
<br /> • iesser of one percent(1%)of the face amouat of the policy or$1.000.00;(iii)loss or damage by tiood.if the .,
<br /> . • Properry is in an area designaced by the Secretary of Housiag and Urban Development as aa area having special .
<br /> flood hazards,in aa amouni eqnal w the princtPal amount of the Note or the maximum amouat availabte�mder . ` �
<br /> � � the Flood Disaster Pcotection Act of 1973.and regulatlons issued pursuant thereto.as amende4 from tinae to dme. . . .
<br /> ' �� wluchever ia less.in form complying with the"insurance pnrchase requirement"of tTtat Act;and(iv)such other • � ,
<br /> � insurance and endorsemenrs.if any.as Lender may reqwre ftom time to time.or which is required by the Loaa . `.
<br /> - . Documents. Borrawer shall cause s11 insurance(except general pu6lic liability insurance?carried ia accordance • .
<br /> { with Wis paragap5 S w be payabte to Leader as a mortgagee and not as a coinsured.and,in the case of all � • .
<br />=�`�� � � � policies of insurance carcied by each lessee far the benefit of Bonower,if any,to cause all such policies to be �
<br /> . , , payable to Lender as Lender's interest may appear. A11 premiurns on insurance policies shall be paid in the
<br /> + manner provided under paragraph 2 hereof,or in such other manner as Lender may designate in writinS• •
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<br /> A11 insurance policies and renewals thereof shall be in a form acceptable w Leader and shall include a • �• •
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<br /> , j yhrpary.•L�n+ocdEtrma:GmadlpmrJ:XtOrmta .
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