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<br /> 'sheets and moatWy ssarements of income and expeoses of the Property . .- `
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<br /> r , • � . li. CONDAVII�lATtON. Bormwer saall prompdy noafy Ler►der of a�ry action or pmceeding mtauag ta . : . -
<br /> . � �; aay wndemnation or other�g,whether direct or indiiect,of the PropectY.or part thereof.and Bo��sha11 .. .� ,` -
<br /> _ .. , appea�r in and prusecute aay such ac[ion or proceeding unless othetwise directed by I.ender in wrIting- � � . ,
<br /> � � audwrizes I.cader,at Lender's opuon.as aaomey-ia-fact for Bosower.w commence.aPPear in and prosecare. _�, • -..�-�
<br /> in L�ender's or Bortower's name.any actina or pracxeding rela�ing to aaY condemnation oz other takiag of the . t �;
<br /> • , property.whether daecc oriadirecc.and to sestle or compromise any claim m conaecrinn wah such condemnaaoa ^.- �-.
<br /> , cc . .
<br /> ' � � or other pking• 7�e Pmceeds of any award, PaYment or claim for datna8es.direct or consequential, in "`�-�;:+;�-.
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<br /> _ , c o a n e c don with an y coademnation or other ta�ag.whaher direct or indirec�of the Propert9.or part thereof, %,�-� r
<br />- . • .. . _ or foz canveyances ia lien of candenmation,are hereby assigued to and shall be paid w l.ender subjea,if this ==
<br /> ,� ' � Inst�ument is oa a leasehold.w the rights of lessor uader the groimd lease. _ , ., _
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<br /> �`` ' " Bormwer suthori�s Leader w aPDlp such awards.paYments•Proceeds or damages.after the d�on ' =_-
<br /> �: of Lender's eapenses ina�aed in the coltection of such ammmts.at Lender's option,to mstoration or iepair of ` .�°
<br /> � <.:_. �::v.�,=
<br />- - the Praperty or to payment of th$sums secure�by this In�t,whether or not then dae.m the order of - . _�;�:_-.
<br /> . . apPlication set forth in paragraPh 3 hereof,witb the balance,if aay,to Borrawer. UNess Bosrower and Leader �.__ ' '',v-_
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<br /> ' � - . othezarise agree in writiag.any application of proc�eds m p�ipal shaU not extend or postponc the due date of . ':�:�._
<br /> �, . the monthly m�*anm��a referred to ia garagapLs 1 aad 2 hereof or cbange the amotmt of sach+�at� �mP++1Q. l s
<br /> es or claims , � "-''`�,
<br /> . � Borrower agrees w execute sach further evidence of assignment of aay awards,praceeds,damag �. r�::�,,��:
<br /> . arising in coanecaoa with sucb condemnatioa or taking as Leader may require• . ...- • y�'�'``
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<br /> � 12. BORROWER A1�iD L�T NOT�SRAC�t�. From t�e w time,Lxnder may,at Ix.nder's option, t�`'"-
<br /> ;�..�.?�;
<br /> . whho�rt giving aotice to or obtainiag the wnsent of Bonower,Boirower's suscessors or assIgns or of anq jimior , � 54'�,
<br /> �� . ' . lienholder os goaca�ntors, without Iiab�ity on l�ender's part and nota+ithstaadin8 Bortower's bre�ch of any , � ..'�s,��°-
<br /> + . coveaant or agreemenc of Boaower m thig lnstrument,extead the time for paymeat of said indebtedaess or any �,�.::�:z=:
<br /> parc thereof,reducc We payments thereon,release anyone liab2e on any of said indebtedness,accePt a renewal � .'`"�;�<,
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<br /> � � . note or notes therefor.modif}►the terms and time of payment of said'mdebt�edness,release from the liea of this � . :.:;_�,
<br /> . Instrumeat any part of the Property, take or release other os additionai securiry. reco�ey�y part of the : - _�
<br /> � _ . � properry.consent w any map or plaa of the Pcaperry,consent w the grantu►g of any easement.9oin m atry „ ;•• ,, �_:°-�3.�,
<br /> " - extension or subordinatian agreement,aad agree ia writiag with Borrower to modify the rate of interest or period , ' a,;;;._
<br /> � � of amortization of�he Note or change the amount of the monttily installmenrs payab2e thereunder. Any actions " ' ��� _ '�'��'T
<br /> .. : taken by Leader pu:suant to the terms of this paragrapb lZ shaU nnt affect the obllgation of Borrower or . . _'�Y"�
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<br /> ::,` Borrower's saccessois or assigns to pay the sams secured by Wis Instr�ment aad to observe ttte covenaats of . . •.:�'�
<br /> � Borrower contained herem,shall not affect tfle guaranty of any person.corporation,Parmerahip or other endry ., ". ;;�`�
<br /> . ' '° for payment of the indebtedaess secnred hereby,and shaU not affect the I�en or priority of llen hereof aa the ,
<br /> � '' j Praperty. Borrower shall pay Leader a reasonable se�rvlce charge,wgether with such dtle ins�uaace premiums ; . .�
<br /> .� a n d attome y's fees as ma y be incurred at Lender's optioa,for aay such action if talcen at Borrower's request. .. .'. • , �.�.
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<br /> ,:� 13. FORBEARANCE BY LENDER NOT A WAIVER. Any forbearance by Lender iu exerclsing aay : .J:`� :
<br /> - ° : ...j right or remedy herennder.or otherwise afforded by applIcable law,shall not be a waivez of or preciude the . .
<br /> 1 exerclse of any right or remedy. The acceptance by I.ender of payment of any sum sec�ued by this lnsaumcnt
<br /> � i after the due date of such payment shall not be a waiver of Leader's right w either require prampt payment when . ,
<br /> . � , f due af all other sums so seaued or to declare a default for faiture to make pmmpt payment. The procurement .
<br /> � of ia.s�rance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's rlght
<br /> � to accelerate the mawtiry of the iadebtedness secured by this Insnument.nor shaU Lercder's receipt of any
<br />•.::`i � � � awards.praceeds or damages under paru�aphs 5 and 11 hereof operate to cure or waive Borrower's defanh � , . �
<br /> _ in payment of sums secured by this lnsuument. _ .
<br /> „- . . . . • . ..
<br /> 14. ESTOPY�L CERTIFICATE. Boaower shall within ten p0)days of a wrltten request from Leader , -
<br />� ^•�`1 furnish lxnder with a wriuen statement,duly acknowledged.setting forth the sums secured by this lnsnument ' .
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