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Tocar~~ with all buildings, improvemeats, and tenemenb now or hereafter erected on the properiy, and ' all heretofore or hereafter vacated alleys and streets abutting the property, and all easements, rights, appurte- nances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock appurt~ant to t6e property, and all fiutures, machinery. equipment, building materials, appliances and goods of every nature whatscever now or hereaf ter located in, or on, or used, or inteaded to be used in oonnedion wit6 the property, including, but not limited M, those for the purposes of sup plying or distributing heating, cooling, electricity. gas, water, air and light; and all elevators, and related machiaeay and equipment, plumbing, bath tubs, water heaters. water closets, sinks. ran8ea. stoves, refrigerabors, dishwashers, disPosals, washers. dryers, awnings, storm windows, storm doors, sc~eens, blinds, shades, c~rtaia4, rugs, attached 9oor ooverings, furniture, antennas, trees and plants; all of which, induding replacements +ind additions thereto, shall be deemed to be and remain a pait of the real property oovered by this Mortgage; and all of the foregoing, ; together with said pmperty ~ or the leasehold estate in the event this Mortgage is on a leasehold ) are herein reEerred to as the "Pro Borrower oovenants that ~ Borrower is lawfull seised of the estate hereby canveyed and has the rig~t to mortgage, grant, oonvey and assign the Property ~ind, if this Mortgage is on a leasehold~ that the ground lease is in full force and effect without modification except as pmvided above and without default on the pait of either ~ lessor or lessee thereunder), that the Property is unencumbered, and that Borrower will warrant and defend generally the tide to the Property against aQ claims and demands, sub~ect M any easements and restrictions listed in a schedule of eacceptions to ooverage in aay tide insuranoe policy insuring Lender's interest in the Property. Uivgox~ Cov~avwxrs. Borrower and Leader oove~ant and agree as follows: Paymeat ~f l. Borrower ~hall promptly pay when due tha prin- ahall prompUy furnish to Lender all noticea ot amounts due under thls Prlaclpal asa clpal of and iaterest oa the lndebtednas~ evldeneed paragraph, and In the event Bormv~er shall make paymeat directly, Interest by the Note, and prepaymeat and kts charse~ a/ Botrower sttall promptly furnish to Lender recefpts evidencing suc6 provlded in tbe Note. - psyments. Borrower shall promptly diac6arge say llen which has, or Funds fsr ?~d S. Sub ect to LendeCs o tlon under ~ 4 °My have, pHorlty over or equallty vrlth thb ltort~aae and v~tll ~ P P~~dnP keep and maintain the Property tree from the clafms of all persons ; •ad In~aranee and 5 Lereot, Borrower rDall pay to Lender oa tbe ~pp~ying labor or materlala to the Propertq. Without I.ender'a prior S day monthly lnstallmenU ot priacipal aad laten+~t wrcitten permiaelon, Borrowrer shall not allo~v any lien fn[erior to /hti ' are payable under the Note, unUl the Note is paid in tnll, a sum Yortgage to be perfcctcd agalnat the Property. • ! chereln "Ptindd') equal to on~-t~veltth ot (a) the yearly water and ' seK•er ratea and tua and asswmeaL which may be levied on the ; Pro rt (b) the yearly geound rents. fi anq. (c) the yearly pnanlum 5- ~rrower ~hall keep the improvemeats nowr e~ciat- P~ Y. Lweanee ing or hereafter erected on tAe Propetty lnsured by fnstalimeats for Hre and other ha:ard [murance. rent iwa insurance insurance carrien satLtactory to Lender against and auch other insurance coverin6 tbe Property u Leader raaT requfn los~ Dy 8re. hasards included within the term "e:tended coversge", purauant to paragraph 5 hereot, (d) the yearly premium InsWlmenb reat loaa and auch other hassrds, casualtles, lisDiUUa and coatfn- tor mortgsge insurauce, any, and (e) ii this Hortgaae !s oa a lwe- geaclea as Lender (md, it this 3tortgaae is on a Iwehold, the ~ hold, the yearly Hsed rents. any, under the ground lease, all as 6~'ound lease) shall require and in such amonats snd for such perlods k reaaonably est[mated lnitislly and from Ume to tlme ~by Leoder on t6e ~~dec shall require. All premlums oa iasurance policies ~~haU be baaie ot assessments ~nd bllls and reaaonable eatlmatd thercof. T6e P~d. at Lender's optlon, In the maaaer provided under paeaaraph 2 Funde a6a11 be held ln an InaUtuUon the deposit~ or acoounb of which hereo[ or In such other manner u L.ender may desigaate in wridng. { are inaured or guaranteed by s Federal or sUate aaency (tncluding PoUcia and renewals thereot shall be in torm accept- j Lender It I.ead~r ls such an instftutlon). Lender shall spply the F1~nd~ abls to Lender and shall lnclude a standud mocigsge clauae ia favor , of ~nd in form acceptable to I.ender. Lender shall hs~e the rigbt to pay aaid ratea, rents, tazes, assesamenb and fasurance ptemiums. ~ Lender sha11 malce ao charge lor w holding snd applying the Fuads or to hold the poltcies snd renewals thereot, snd Borrower shall pmmpdy ~ for veritying snd compiling said aasessmeab and bpis. Borrower and turniah to Leader all renewal notlces and all receipU ot psid premiums. ~ I.ender may agrce !a ~vrfting at the time ot executlon of this At least IS day~ prior to the racpiration date o[ the pollcies. Borrower j shal! dellver to I.euder renewal policles in form utis[actory to Lender. ~ ~dortgage that Interest on t6e F~tads ahall be psid to Borrower, and unleas sucb ageeement fa made, I.ender ahall not be requlred to u~~ Yortgage is on a leaaehold. Borrowet shsll turnfsh I.eader a ~ pay Bcrcower any fnterest on the F~nds. I.ender ahall give to Sor- duolicate of i sucn pollcia, renevral notlces, renewal policiea and ~ row•er, wlthout charge, an annual acoounUng ot lhe PUnd~ ahowing ~~P~ o[ paid premtums it, by virtue of the gmund lease. tDe credite and deblt~ to tbe FYinds snd tha purpwe for w61ch each deblt originals thereo[ may not be supplied by Borrower to Lender. to the Flinds waa made. The Funds sn pledaed aa addfUoaal ~ecurity In tLe e~ent ot loss. Borrower s6all give lmmediate written notlce ~ tor the sums aecnred by thls l~iortaage. to the insuraace carrter and Lender. Borrower Lereby authorises and It the smount ot the ~nds held by Lender at tDe tlme of tDe empowen Lender, at Lender's oQtfon and !n I.endeCs sole dlscredon ar.nuai accounUng Wereo[ aDall szceed the aawuat deemsd neces~ary ~ attorney-In-tact tor Borrower. to make proot ot loss, to ad~ust and b~ L.eoder to pro~ide for the payment ot wrster and ~ewer rates, ~mpromLe any claim under imunace poUcld, to appear te and pro~e- ~ caxea, asseasmenls, insurance prcmiums snd reab, sa they [all due, cute any setion arising from such insurance poHcles, to coDect and ~ auch excns ~hall be credlted to Borro~ver on the nest tnoatLly in- sta!lment or initsllments ot Funds due. It at sny time tt~e amount ~ive in~uraace procecds, and to dcduct thenfrnm Lender'a ezpen~s ot the Ftiwds Deld by Lender ahall be Iw than the amount deemal Incurred !n the coUectioa ot such proceeds. Borrower further author- ~ necessary by Lender to pay rvater and sewer ntes, taza, aa~w- ~s T.eader, at I.ender's option, (s) to hold the balance ot such pro- ments, Insurance premfume and rents as they f~ll due, Borrower ceeds to be used to refmburse Borrower for the cost~ ot reaonatructton ~ shall pay to Lendec anq amouet neceassry to make. up the desdency or repair ot the Property or (b) to apply the balance ot such proceeds ' ~ ~~ichin t6frty days after notlce from Lender to Borrower requnUng to the payment of the sums aecured by thia Yortgage, whether or ~ pa.-ment thereof. not then due, in t6e order ot agplicstion set torth in paragraph ! heraot Upon payment in tull of ali sums ~ecured by thb Yort~e, ~~D~ect, however, W the righb ot the lesaor under the 6round lease ~ L.ende~ shall promptly refund to-Sorrowrer any Plinda Leld by Leader. ro If under paragraph 2b 6ereot the Property ti wM or the Property ~t this Yortasae fs on a leasehold). II t6e insurance proceeds ars is otherwise acqufred by I.ender, Lender shsU apply, no later than beld by I.ender to be uud to reimburse Borrower for the cwb ot resW- immediatdy prlor to We sale of the Property or /ta acqutsition bq raUon aad repafr ot the Property. the Property ahaU be reatored to ~ Lender, aap I~nds held Dy Lender at the Ume ot appilcatlon as s the equtvalent of ib original condiUon, or ~uch other rnndltfon as ~ credit agalnst the sums ~ecured by tLL 3[ortaaae. Lender may ~pprove in wriUe6, and Lender msy, at I.ender'~ optlon, ~ condidoa dbbureement ot sald proceeds on Leader's approval of such ~ APPIICaqpe ~t 3. Ualess applicable l~w pm~ldea otherwrise, all pay- p~ ~d specfIIcatlona o! an architect ~atfs[acWry to Lender, oon- Yaymeats ments recefred Dy I.eader under tbe Note and paci- graphi 1 and 2 hereof sDall be sppUed br I.eoder ~~r's cwt esUmates, archltecY~ certiflc~tea, wdvers of liens. nvorn ~ C~rat in payment of amounb payabie to Leader by Borrower uader statements ot machaniq and material men and auch other e~idenoe ~ ~ paragraph 2 hereof, then to laterest payable on the Note, nest to the of cosb, percenta6e completlon of corutructton, applicaUon o! pay- ~ principal of the Note, and last to any other sums secured by this meaL, and ~stiat~ction o[ Uens u Leader may reawnabiy requfra I! ~ ~tortgage. the insurance proceeda are applfed W the payment of tbe ~um~ secured ~ Ch~r6es; Liens 4. Borwwer shall pay all ~vater and iewcr rstea, by this ~[ortgage. anr ~uch appllcaUon ot proceeds to prlncipal sh~ll ~ tues, assessmeob and other chargea, 8nea, impo- not eztend or postpone the due date of the monthty iaetallmenb re- ; ritione and reati, 1t any, sttributable to the Pmperty st I.ender'~ ferred to tn paraanphs 1 aad 4 hereot or change the amount of such ~ optton fn the manner prnvided under paraaraph 2 hereo[ or In i,~,w~~na. auch other manner as Iwnder may de~lgnate in writlng. Bonower I[ under para~raph Z6 hereot the Property is iold or the Property ~ ~ ~ ~ . oR~~2848 ~ €5_ S~ ~ ~C - '°<i~..~'- . . _ ~t,.~~