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<br /> _ ` , • " TpQETH�WRH eD the tmprovements now or hgneattet erecffid on tRe property.end aA easomm►is.eDP��be�s��•�d <�: < " -
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<br /> - �:,��:; -' . t-b„dures nov��p o/�/r�jR�erepaRer a P�•wo`t M�s}�Dc@wPYe•��Y.A�OQ}�/��/}�� •`and ad�pdq3}l�o�ns sha6 atso 6e covered by thfs�tnstn��'�e�t� . .
<br /> .'..�4.• .c.::.. �.�•_A IW���B�Q�ri3`i'�'i�1��W Yl YlQ�W"T "'���""�J���Y,8��ro��J � "�.
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<br /> ; .:.�:�.. �� 80RROYVER COVEiVANTS tha!Botro�erer i� tawluQfl sei�ed Ot the es1�t8 herebY eomraYed end has t r e r�h t to g�t end �
<br /> • ` . - eomey th9 Prai�tf►ana that the PropeRfl Is unencum0eced.�ccept tor encumOrancea of record. Borrower warrants and tivID •k',`_ ��-�.
<br /> ' ""�'r' Qafend BeneraIIY U►e tII�to the ProAertY aga�t e�ctafms and damaads.subject to eny encumbranees of�acard. � .:,�L���
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<br /> '� . �,� THIS SECUAITY INSTRUMENY eambfies uNfortn cotirenants tor naSanal use and non�un�orm covenants w8h fm�Eed� .. ..
<br /> � `<� � vadatmns by jurEsdicton to eonstID�L�a unBortn sewr�y►tnsUUmsnt covadn9 raat proD�Y• ;•�°` `
<br /> ' ... �.:CF;.
<br /> `. �' UNIFOfiN1 COVENANTS. �otrower end Lettder Coaenet�t end agre9 es tol�Dws: :.. .
<br /> � .. ;� 9.Paym�rt af Prtncipal and tnte�a� Prepayment ertd LBte Chaz9e�earrower snas prom�uy o8r++�� :'� .��.:�_.
<br /> .:�; - � � d u o t h eor�e m a l a t a n d i n t o re s t o n N e d a D t e v t Q e n c e d b y t h e N o t O a n d a n Y D�e Aa Y+�t and�te eha�ges due und�ths Note. •�^::. :.
<br /> �',�. .�•: ;� 2.Funds ior Ymces�n� le�ranee.�i��aaa�at��0�o��"�'��('�+nda'3ror�(a)�yaart�► :-- .:
<br /> , . _ to Lsndar an the daY manthy Pallments ace due under tAe Note.until th P leasehold
<br /> ..' •--,�;�- �s end essessmeats which may attain Prior�Y ove►this Sec�r�l Insb'um�nt es a Uen on the ProRertY+@) Xea�N - -
<br /> -��-:,�,��. ' pgymems ot�aund rsr��on the Property.B anyr, (el YearN haffird of D�A�Y insurance P�+��:ta)Yeer�Y Roo�tnsurenee ° --_-
<br /> . p�emtum9.it enY:(e)Ye�hl►�o�Sa Uisurance premiume.B eny;end t�enY sums OaYaLte by Bortower to LsnQer�acconi�nee •
<br /> US '
<br /> . . ... wRt► tne provL�tona of para�aDh 8.tn Geu ot the payment ct martgago lnsuraneo preml�ms. Thepe Rems are caaed gscrow _ .` _
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<br /> , . =�:� Items.• LenCar may.at any t9ns�cot�t artd hotd Fiurds (n an emaunt not to euesed tfla ms�cimum emount a�nder for e ,
<br /> . r;•:` teQerauy retaffi0 mortga8e toan maY�e4Utre tor Bortowafe Hscrow flccaunt unda the teQmFSI Fteal Estata 3etttemsnt P�aeemues ,', �k.
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<br /> . . ° Act a!1S7a es amar�ded from tbne to ttrseo.l2 U.B.C.�2601 0!seq. !`�'A"1�unt�ss enatnar 1aw d+et aDDgas to tn0 FunQS ,�,.,:.,•
<br /> � . , , . . 8618&tasaor arttouftt If So.tend¢r rtk1y.e f anY t t me.a o l t e a t n n a f ro t d F u n Q a I n a n o m o u n t not to exCeed tha tesset amoun� ..
<br /> • tsnder may esW�te the amaunt ot Funda Qua an tAe basf3 ot curtent daia an0 reascna�ia eslunetQS a1�end�ures ot Nnue
<br /> � Ea�row itema or othen�iso tn aecorQanco with appCeadta in+. �_�--..
<br /> � 7he 6unds ehell be hetd k+an insttuUon whoso QeDosi�are fnsurod DY e%Qara1 aganay.�sUUmenLaGtY,or enta!►(hoNdhg "...t;L;:
<br /> .• � ` . LenQer�B l�ender ts sueh en tr�BUwUan)o�In anY Federal Mnma LoSn 88nR. Londflt et�aB ePPAt the Fuads to DSY the Esaow ,,:�,•,,_
<br /> . ' Itema.t,ender may not Charga Bo�rower Por holding ana aDANu►g Mo Funds.annuatty anah►sFn9 Me esccow eeeaum�ot ver�Y�B .: .y:'-
<br /> �, . � Lender to meke sucA a -
<br /> � tAS Eeerow It�s, uni�ss LAnQer paf'$ 9ortowar Interest an t�e Funds end epD�te taw perm�s ,;.-,--
<br /> , ' eh�ge. powevbr.Lendsr ms5►reR�ire Bortower w vaY e onatbne cha�8e tor en tndeDendc�nt real esmte teu �art�9 seMc9 ', �.-;.
<br /> used Ey Lender N cortnectton wfth M(s ban. untess aPaTlcabl� (aw provtQe9 othsrwtse. Un(ess an egreement(s maEe or ;
<br /> . �; ,:��� gypQagbte ew requtr�tnlerest to be D�d.Lertder sh811 not be re4��ed to P�Y Bmmwer enY Interest or�emhgs on Ure Funds. t -,
<br /> �� Ba�awer end LsnQsr maY� � '�B. however. that trrterest stis0 tre Ratd on tAe Funds. t.e�:cf�s�e0 BMa to Bacrower. �,.
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<br /> y�&twut chsrg�. sn arinuat eccounBng of t1f0 Femds.shawing aed�ts end d�ft3 to the Funds ertd tha ptupose tor whieh eaet� �.�`:.,;'•�,
<br /> � i4��`< deb�to the Funds was rt�Qa The FunQs ace p�dged ea add�fanal secwtyy for aU sums secured bY tha Sewr�Y tns�nunent • ,,,.:::
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<br /> • - It the Funda�etd by Lm�dsr ma�d the amounts pem�Htea to 6e hetd bY apPQceble taw.L�Oer shaD eccaunt to Bartower •, 4 .:;=
<br /> . - -�`v:� tor the�cesss Funds tr�accordance wflh the requtrements of appticabg taw.If fhe amonnt of the Funds hetd by tender et anY +:..;,�
<br /> ,',`'k . ,�?;`.� tirtta(a not sufHcient to paY the Escrow Items whan due.Lender maY so notHy Borrower(n wr�ing�er�d. tn such case Bortower •��,``{..'•
<br /> .� �.... ._-.. ':'�. sha0 DaY to LenQ�tAa emount aecassary m make np tha QeBeteney. Bortower sha0 maSce up the deficieneY in no more than :,,_�_ .
<br /> .. •:r`�;'� twetue mornhN payments.at tenders sote dtscretton. �-"`
<br /> ..� :.' H�. 0� Lender shaD promDUY �u►id,W Bonovrer enY Funds
<br /> s� Instrument, ''`
<br /> ;�� . �lpon paymont fi 1Y�D of ali sums secured by this 8ecurRY �,�,;�
<br /> : ' :.�.••i;,3��r Y A 21,Lender sha0 acqutre or sep the PropeAy►.Lsnder.Pdor to the scqub@tan or eat9 of the �
<br />,:::>,;f,:.'. •�;�,,�'K, ; hetd b Len6er. It��mdet PeteB�D
<br /> Js�y���#. �41�� �,. Properry.shalt eDDN�Y Funds I�tQ by Lender at the Urte of aequlsitloA o r s a t a e s a c c e d n a g a T n s t t h fl s u m s securod b y this �i�
<br /> srn � : $��,y hl8bum0Rt. gp 28 r8C8tv80 by Lertde!1md9r '
<br />`':�,";�pr,.•;::..;,�,�•:, 3. Ap�ih�OD 09 ��it�Qet9. Untess ePDOcal�is taw prov►des otherwrse. DaY►+� • �:
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<br /> ;,.� '��'�`. ha 1 an0 2 ShaO be epP� grst.to any PreDaYment cherges due unQer the NoLe:Secon0.to 4mourtls p8yabta under .
<br /> `r�r•.,•'. ,�.y�y�rj;.f. Da�S�A �
<br /> , �a . paragrapb g thtrd.to tnterest du�tar�tri,to pri�cipal Que;and last.to eny tate ct►atges due undsr the Nata r.�:�
<br />' .G:"",` , ..•��':i�,Y:y; 4. Cttatge� U8i18. Be�� sha0 Pay ell taxes� asses�ents. char9es� fines and 'anDosittons attr�uta010 w ths �-�--`�_
<br /> : .,,. .
<br /> ,'',., proparty whtCA maY�P�rBy o�rer this Secur�N Instrumsr+t,an8�asehold pab'�enTs or ground�erts.8 enY. 8orrower shaD �;;
<br /> ' .,.;,;;�'� pay these obUgatians in the marmm!Provld�d in D�9�Db�or B nai Dai�k�4�'�ai mannet.Bortovrar shsA PaY them on ttme --
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<br /> , ` � `�`'':r";�� dlr�tly to the person owed O�L 6oaower shall PromDUfi fumisf►to I.endaT.�l n�Oces ot amounts to be D8►d under thts� ��_
<br /> � '. 'i;�;'��;•t ents direatry. Bortower sNaO prompUyr tumish to LenQer rOreIpts evl�denctnQ th� _
<br /> �s'��;�°`- D�S�Ph. If Bortower makss M�a PaYm
<br /> � ._4'�ti.:eo p,. ----
<br /> , .,,...��,.s payments. ' ----
<br /> . , :r.';:. ---
<br /> . .. :.,��;,." B9irowet SheD Drort►P�11 disdk..'�enY lien whfCh hes OROrftI'eve►this SeCUritll InsUVmen2��ess eorroWer. ta)e�s� _ �
<br /> . � .:� wriffig to the paymam of the ob�n securad by the Iten in a manner acceptab�to LenQer; .(b)conteats tn 800d fa�t�the -
<br /> {,,, .� Qen bY. or Qefends e9alrtst ertfarrnr..er►t of the Ue�► tn. (e�t Oroceedings which i�e the Len�er's opinion oDerate to Prevent the _.�
<br /> ` ,,y.,,���.. enlor�ement of the�n;or tC)se.a.^3s trom the hotder of the Uen en agreement satistactory to I.en�r subord�atln0 the Oen to
<br /> � •,�a.,,.. ' this SecuAtN Insaumen4 if Lender de�imines that any Dart of the ProDeresl ts subject to a Q0n�vl�lch may attatn DAOrftfl aver this � ,
<br /> ' .� ` �'�' ; �urRy t�guumen�I.ender may gtu0 Borrower a naUce iQsntifying the Ifen.Borrower sha0�':1te Um�or ffik�one or more af -
<br /> � ��''•.' the acuons ssi tortri above wllhtn t0 days of the g1u�g o!notice. • � -
<br /> ` �: '.��,�:�. .� 6. HeZe1'd or Rroperty(nsuranco.Borrower shail keep the tmyrovemente now�.fi9 or Aereafter BreCteO on tlte `. u �
<br /> . . PropeRf► tnsused ega6�st toss bY flre. hamrds hcNded wQhTn tne tarm'mam�ded cavcra9e"and eny other hemcds. fnciuding
<br /> Roods or flooding.tor whiCh Lender requUag lnsuranee. TAb Insurance sha0 be mainmined tn the run0unts enA tor the Oe�� ��:;;,=
<br /> ' . •,.•''.�' .�.:« t�at LenGe►requUes. The tnsuranc9 cartfer Prov1d(ng the fisuranxa sheD bo chosen by Bortov�er eubject to LenQera eppra+ral
<br /> l,enQer may
<br /> Ymrcn s�n noe�u�reaso�an!sr w3hhet0. If Borrowe►fa►Ls to r.�atr�ta6�eovereg9 Qescrb� a�Do'+e. .at tsn4�'s �
<br /> . . ,�ti'`:'�" opUon,aDfain coverag9 to pro��Qefs�hts tn the Propertfl fn eccordanea wRh Cara�aFh a• _ '
<br /> AO Naurm�ce DOQCiea ena sznewets shaU b9 accePffible to Lender end 8ha0 tnoTUdo a si�40ard moRga80 Ciause.Lendst ,.,�
<br /> ,�'� ,,'. `. shuU hevo tho�At to hotd the qottcies and renewab. M Lend9r wqutras,Borrower sha0 DrotnpUfl 9�to I.eader aU reCelpffi ot 5
<br /> ': �� ; . ° 0a�Or�mWms ana renewai noUces. tn the event ot foss.gortower st�aU gNa OromAt nottce to the insuranca certte►end lendm. �; `-
<br /> � �''''' L,enQOr may meRe Proof ot toss U�t made Drcmptly by Borrower. �
<br /> .� `�_.:.' . UnTess LonQer end BoROwer ait�erwise a�ee tn wfittng�Insurance praceeds sha0 be c,�i'�d to �storaUon or repab ot the �•ti.-
<br /> ' �.� ,` pircpe�ty Qamago4.i�!Ae restorattcn ar repah b ecanomically teas�to end LenQer's secufity 3s crot(essene0. If the resto�aUon or �;
<br /> �-'�::
<br /> �ab ts not eoonomieaQy feasbT9 ar LenQere security woutd be tessened,the(nsurance procee�Os shap be aDpIIeO to the eums ��_
<br /> � • ` � secured by this Secu6lY tnsO�ument, whatNer or nat Men due. w�h enY exoess Patd to Borrower. if 8orrawer a0andons t1�e
<br /> ; PropeAy,or dCes not enswer wMin 30 days a nat�e trom Lendet that the Insuranee eanler hes offeted to setG9 e efaim.tAen
<br /> •. . � Lendtv�m8y coUec! the tnsurance pro�eeda Lender may use the prooe9ds to repab ar restore the PropeRY or to pay sums ,
<br /> � ; 5� seeuced by this Secufity►Instrumenp�vhether or not t hen Q ua T he 3 0 Q a Y P e A o O w i U E e g t n w h e n t A e n otNS ts gMon.
<br /> ' Untass Lander end Barrawer othervv�se agr�o in wr7W�9. �Y BDP�►on of proeeeES to prtncipal aha0 nol eatend or
<br /> , � ..A,` postpOne the due Qat9 of Ne monthty PBYmentB reterted to tn Pars�aPhs 1 artd 2 ar chenge the amount Ot the payrtrer►ts. i}
<br /> • . unQer peragreDA 21 Ne Property fs acquked by Lendar. Bortowefs rig�t to Fury fnsurance poUCies end proceeQs resu8ing trom
<br /> • • dartiage to the Property Pdor m the ac�isQton ahatl pass to LsnQet to the e�aent ot Ne sums by this Secursy tnawmem
<br /> � � � Uncned(ateM P�r to the flCO�Cstlton.
<br /> :;_: �, �• g, Qccupa�eay, Preaenration, �taintenance anA Protectlon of the Piroperty; Borrower'a Leen
<br /> • " . - A p pRcatton; LE�Q1fOlds.Bortower shail occuDY.���h.and use the ProPe�Y �B�nOWers prinofpal rosid�ce wRAin .
<br /> � ' sbcty daya eftc�r tno mreeuuon ot thts 6 e c u rf h► rn s a u m e n s a n a s h a o c o r�i n u e t o o c c u y y t N A P r o p e r ry a s eortawei's pnc�t pal
<br /> � ''' � residertce for et taast ono yea►efter the Qato ot occupanoY.untess LenQer otherwis0 agrees tn wr�tn8�whtch consent shai!not
<br /> be unr89sonahfy w�hhetd.or uniess e�Qenaating e tr eu m s f a nees e�d s t w h k h e�e b e y o n d B o r r o we�'s eontroL Borrowar shatl not
<br /> .. ,' dsstr0y.dama8a or hnpeU tho PropeAy.eft�w tfie PrapeRy to QeteQorate�or comm�vraste on thB Praperty. Bortowt couid reSUU - .
<br /> - - detautt N anY fodaimre ecttan ot procsodtng. whether chiit or Mimina�.Ls b�un that In Lender's 9ood ta9h jud�nen .
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<br /> . . tn fo�fek�of th�ProO�Y oi athervQse matarfaUf►imDatr the Qen created by thb Securny instrument or LenQafs secur�y MtaresL
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<br /> f13/8.tM4�tl971
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