|
, _.: ,. -� .........::...
<br /> �•� ,...,oblNr.r�rhdt �r...- . ... , . . ...... ���=.- - __-�- __ ..-... --
<br /> .� � ' _' .. . . ... 'rt•,7r':F,i1{ -- 11 � -- *•rM°��TF�h-�___.. . ..
<br /> d�?'�?"�`tf: ,•"--
<br /> – .>. �........-...�.--.
<br /> . florcow���crow �coount und�r th�Ndw�l F1MI �1MW EINtWi'Mnt Proc:�durM ACI 01 1974 ae�m�ndld kOm t1M to tYrN, 12 U.B.C.
<br /> 2901 e!e�q.("��'�')�unlNS anathN iaw th�l�ppNr� to tM F�xicla Nits�I�Nr�mount. N ao,I.�ndn maY,rt�np 1lrM,ooYwt�nd -
<br /> hoid Funth in�n�rraunt not to wcad th�M�wr�nwunt. 6,MitiM m�y�IYnrM tt►��uncwnt al Nndr dw on IM b�No of curc�nl d�p
<br /> Rnd rn�onabM MI�txIN of ap�ndRurN of lutun Ewrow Il�mf a ntMcwkl fn�caord�nco wNh�ppMc�bN I�w.
<br /> 7hn Fwsd� �IwN W h�ld fn �u1 hslkulVOn whow cNPo�qr �u� h�vred �y � f�d�rnl �p�nuy� In�trurr�l�NtY� or �nlNy linoludln�
<br /> L�ndw, q undM W woh �n Inttkulfon) or In rny F�d�nl Horr�LO�n Ban�, l.andM ehtM�PPN Ih� Fund� fo paY th� E�orow itMno.�
<br /> l.�ncar rrwy not oh� BosrovrK Ia holdkp �nd �pplyinp th�Fund�,�nnw�ty uiay�np th��scrow �cooun�,a wrMl��np tM E�orow
<br /> IlMn�,unlw�l.�ndlr p�Yn Borroww fnNnNl on 1h�Runq��nd ippNC�hhl� Nw pMmN�land�r lo m�kt�uoh�ahup�. kowww� l.mdK �
<br /> rn�y nquln Sortowfr to p�y� a�tkn�olwp�!a�n Indrp�ndMft nU«q►M Iu� nportr►G Nrvia ut�d by LmMr In oonn�ctbn wMh
<br /> lhk losrs.unlKS�pP��bM Mw prov{dK othNwira. Unlei��n�pwirnmt M rt+�cN a�ppMc�bw kw nqaira InMreel to ba p�ld, L�ndM
<br /> �MM not b�nquir�d!o p�y 9ortov+K�ny inlaKt or Mminpo on tM funtb. BarowM�nd Lw��ke r�wy�►p�:a w� �.+a��. Ii9V:�tYLt,lhat �
<br /> hMn�t s1u�N b� p�W on lh� Funds. Lmdsr �h�N plw to BortovvK, wkhout oh�rp�, �n �nnwl accounlhp of Ih� Fundo, �howM►p
<br /> cndU�u►d drbM� to th� Fund��nd tM purpoa �or whbh Moh d�bM ta th� Fundf w�f nud�, Th�Fund� �n pMdpsQ Kt�ddAional
<br /> t�curky for�M tums aound by Ihi� 8�curMy Inttrummt.
<br /> If th�Fund�h�ld by Und�r WxMd th�unounU pKmkt�d to b�h�ld by �ppNC�bM Mw, Und�r thtN aocount to Barrow�r for tM
<br /> �oocKS Fundf in�ccordanc� wRh th�r�quY�rnnts ol �ppNCabM i�w. If 11� unount o} th� Fund� hNd by L�ncf�r�t �ny tlm� M �ol
<br /> tuMi0Mn1 to p�y ihs Ebcrow ltlms wh�n dw,L�ndK may so notky Borrovnr in wriilnp,�nd,in�ual►o�ta Dorrowar�haR p�y to lend�
<br /> th��mamt n�c�tsa�Y ra n'wk�a uR th�dNbM^oy. Borro►vK�haN�tuik� up IM dNlohnay In no moro th�tn tw�N� monthN puytrNnb� �t
<br /> t.«�d.r•ww d,�c�+T-
<br /> Upon p�x+eNrert h f�.M Ct�K 3e�ms s�cund D�r 1l��S�curky In�tn+minf.,U►rtrinr shaM prompty ro(und to 9ortowx�ny Fund� hNd by
<br /> L�nd�r. 1►,u�r q�r�n�h 21.L�ndK sh�r�cau.iy Or wM�Propwt)r,►.�rtdr. pria'to th�acqukkion nr s+�l� 01 tha P�opKty��haM
<br /> �p�tp*rty Funda EM►id bg LKxNr a1 tM tkn�ceE ucr�icMion o+�sai��.S�cnOR �pa�nst tM aums wcun�d�41'Iitb 6�curUY H+�um�nl.
<br />, �. �!!!�!llb4l��f PAI�11M1i- lktBss oDRII�aD4 Mw provldMS okn�wisr��N psyrtNnb ne��r 4,�crdK'ur�d�'pM'apnPh� __
<br /> 1 1u+d 2 sAe�b��PP�:trs�,to�►Y D+�P�II���s dw unWr tt*9 NQM:s�cond. to Mmounts fi�1F�u�dw i��R�Pn 2�1Aktl
<br /> to hlM�t du�;touerRA.to D�k►�E du���nd(ws4.rtv�ny�N ChuOM At�urttlK f!�Nol�.
<br /> �. ChM'�;I.Y�11�. Ef�tvvvK sh�q pty aN tax�s� assassm�tts.C�r:ape�. fftws �nd Inpoi�ior..s �l�utabM tA tM Ptop�tY
<br /> vrhich erMy attaln prbrlty ovw� thls S�curky Instrummt. �nd Maw�nokl O�Y�+� or�rwusd ��sb. If �ny. BorrovrK shaM pay th�s�
<br /> o�9ypc�w�s h th�m�nnK provi�d fn p�rapnph 2.a M not po,'r,D hu 4Mt rrwa�n�r�F.A:rrowa�stat�7 pay tMm on tlm� dt�cltY I:c t+N panon
<br /> o�wd p�yrtMnt. f3�ortowr shaM p�nmptN�mNh to Und�r al rwti�s at art�mrtts to b�p��6 undrr thle p�rapmph. If socrowK maka
<br /> th�P�Y►rnnb dCr�ctlY� BarorvK�haN pranP►N tumbh to L�nda r�cNOe�rqedNncYW th�p�y�tMnts.
<br /> Bonow�r sA�t'7{xompty dbcha�anY IMn whfch has P��A���urUy Instrumw►t unbts Borrovwr: (�)�pws In wrQhO to
<br /> tho paYmM�t oi th�obMGatlOn Neurod by llt� N1n In� m�nrr��1 to LNtdu; (b)ContMt� k� p0od (�Nh t11�NMe byo or dNMtd�
<br /> palnst�nlonCw►M�t of tAe Ifen In,Nq1tl proCadhQ�whbh Nt G''�a'�L9r91�'4 epinlon OpMat�to prrwnt th�w1fo�C«rMnt Ct iflrt llen;or(C)
<br /> � ..n�na kan yt+n:t,bYf�► ol tM Ibn �n �OtMmtnt tttkfaCtC�y 2� i.�nc�r s���ordin�tttW llt� N�n to thi iS�CUrky In�M�mNtt. M LMtd�r
<br /> ' �ml�s �t�i;�Y�J�,wt of the Propwty y ����at to a MM� whfCh mary'�'.'rmn prbrky owr thit Sst7r`.I.ry,-cr.as�um�nt, I.�noK rte�y q�
<br /> Bprrowu�noticb.1`!M►Nyinp tM NK►. Bortowrr sh�N utkty tM Nw�w tiiur ��ar moro of th�aatlor,y aof 1a�th abow wkhin 10 dryz
<br /> 01 tM pkhp ol notR».
<br /> b. Hasrd or PropKtyl�mur�nce. Bor►ovwr ehau ��a�p th� improwrt�nta now �cistlnp or hKaaM«' �r�c1�d on th�
<br /> prpp�rty b�u�ad mpMfnst bts by IM��Iward� InCbd�d wilhfn th�i�ttn "�eolndld covK�'�nd tny otltK huu�,Inoludirp fbad� or
<br /> �M,y� f�r u,h�Cn 6rndrr roquws hwnu�c�. Thk In�uru�cv �hatl bs malnUtkNd In th� amounts �nd tor tM p�riods that Lmd�r
<br /> r�quy�q, 7ryo „su�nc�c�rrNr providYty the insunr►c�tMN M ohosMl by 8ortoreK wbJ�ot to L�dws �p(xowl whbh �haN not b�
<br /> �x�a►aon�bty wkhhNd. If BonovrK hlls to rtMhtatn cov�rp� dssal5ed �bov+�Lmd�►rtwry��t LendK'� optfon, obd�in cowrp�to
<br /> protsot L6r1dn'�rtpAt�In tM Prop�ty In�ocordanc�wkh pu�pnph 7.
<br /> AN Insunnc�pnNct�s�nd r�n�w�ls �IuN b��oo�pt�bN to l.mtNr and sF►ai hCl�d���t�ndud maAO�Ckus�. L�ndK�hak haw
<br /> tM ripht t0 hOld the palloia �nd nnwr�M• �}L�ndK nquht� Bortow�r Shdl prompty 0� to l.�ndx�H r�cefpb oT pald pnmiumt
<br /> �nd�wd nt�bea. In 11� avOnt of bsi, dorrow�r shaN qAw prompt nottc�to th,� Insuru�c�carrMr�nd UntMr. L�ndK may n'wk�
<br /> proof ot b�� M�ot mad�prompty by BoROw�r. ,
<br /> UnNa I.�nd�r 1u+d BarOwer Otharwko�qro�In wrkinp.hsurana procwds shsN t�s ipplWd to rostoratbn or rpaM of fh�Prop�rty
<br /> d�nwQ�d, M tM r�tontlon ar npalr fa �conomiaaly hwsbb nnd Und��s�curky k not kaaw�+ed. II tM rottontbn or np�ir a not
<br /> .ca,o,r,ic�Ny 1Ma1pw or L�r,d�a'� e.curqy would b� Nsarwd. th� IntunnC�proCwd� sh�N b��pplwd to th� sums ucund by thk
<br /> �c:urky In�tn�m�t,wh�th�r or not th�n dw, wkh any �xca� pald ta Borto+wr. If Barow�r rb�ndons flr� Pro�rty, or daa nnt
<br /> �ntwK wkhin 30 d�y� a notic� kan L�ndK that th� In�urana curNr ha� ofhnd to NttM a ckkn, tMn l�ndK may colMCt th�
<br /> fnsunna procNdr, L�nd�r may us� tM proc�dg to repet or r�ston� th� Propwty a to pay wm� acund by thla 8�curltyr
<br /> Inctrummt,wMthor or not th�n dw. 'fA,�34d�y pMiod wAI begh wh�n th� notkky M phrK+.
<br /> UnMss I.�nder md Baraw�r otMrwla agree h wrkinp,�ny appAc+�tbn of procMds ta prMwipai�hell not�ocbnd a pottpon� tho
<br /> dw dab of tM monthy payrtNnri rNw»d to tn ponpnphs 1 �nd 2 or chanps th�unount of th�paymant�. If undK pu�pnlpl� 21
<br /> tM P�opMty h�cquind by l.�nd�r.BorrowK'�ripht to any Insurrnw pobbs v►d proc�ada neukinp Irom durMp�to tM Proprrty prbr
<br /> to th� �equNkbn �hall ptee to Lendv to ttx! bet�nt of th� sums cleund by thh Soeurky In�trom�nt ktxpedkt�y pdor lo tM
<br /> atqukklon.
<br /> 6. Occupancy� Pr��ervation� Mainten�ncs ind Protectlor� of the Proparty; Bonower's l.o�n
<br /> Itpplic�tlon; L.l�Mh0ldi. 8orrow�r sh�N oacupy, �ttblhh, md uee the Property as Oorrow�a prinalpal �sW�nc�wkhh sbctp
<br /> d�ys after th��oacutbn af thl�S�curky InsWm�nt and shall eontlnue to oacupy th� PropeRy�s Borrow��p�inolpal ntkMnc�(or�t
<br /> Nwet ons ywr aMr th� dnta of occupuwy, unl�ts Lw�Eer othawtse�pree� h wrkinfl, whlch oons�nt shaU not bs unn�son�by -�
<br /> wlthhsid,or unDS��octsnuotinp alrcumat�nca bckt whbh sro beyund BortowK'� controi. Burrower�hMll nut dbsUOy,dRrr�or Imp�Y
<br /> th�Prop�ty.�Now th�Prop�ty to dKS�iaab,or commk w�db on the Prop�ty. Bcrtow�r�hNl b�In default N�ny forNkurr�ICtkm ar
<br /> pro�wdlnq,wMtMr aHil pr crMhat,fs bpun that h Lmdw'�Oood(akh p�dpn�nt ooukf nsuk In (ortekuro of th�Prop�ty o0 othawtea
<br /> m�brrMy Yr�Y th� Nm cn�fsd by thb S�curily Instrum�nt or Under'� s�curlty Int�nst. Bormvwr rt►�y cun tuoh � tMhuk �nd
<br /> •�.� � ��..�.��..d�w ....LL.w M.� L.1�nAr��nnnA 1�Yh
<br /> �NIISR�� �� PIOVip�U in p�(lyrtpn io� u�8n'v�ny ii��ui�vi. 'vi �nwwiv..� ... ..............e.. ...... ...�.�.� ....... _. �..�.� �--- ._.... �
<br /> d�tMminatbn, proaludes IoMkun di the Bortoww� hterost In tM PropKty or oth�r mat�t knpskm�nt ot th� Ibn crMt�d by thh
<br /> 5�curNy Inubument or L�ndw� ewcurity ht�nst. Bortow�r shall �bo b� in d�huk M Borrow�r, durk►p th� lo�n �pplic�tbn prxa�,
<br /> paw m�tuialy tait� or In�ccunt� fntomiatbn or tt�tert�nb to Lsntf�r(�r hfMd to provfd� L�d�r wkh any matKi�l htorm�tlon) h
<br /> - conneotbn wNh tl»ban wOd�ncsd by tha Noto, hcWdiny,but not IImN�d to,ropras�ntatbne conc�mhp Bqrrow�r's xcup��oy of the
<br />- Pro{�ty aa a prinopal ntkfoncs. If thls S�curiry InsUument Is on a Iws�hoid, Dorrowsr shaA Comply wRh aq th� proviabni of tM
<br /> fws�. If Burcoww�cqulns feo tkM to tlu Prop�rty, the kaa�hold a�d the�lee tkN sh�N not merp�unMse tha Lmder �praM to thv
<br /> � rtNfQ�f hl 1YfIfIf10. Form �Ot��1�0
<br />-= Ff02�.LMO(�lOA1 P�p� �ol 6
<br />— oea�000s
<br />
|