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<br /> - • L1NIfQRRi�oVi?NAMt'N, ilntm�r�r asuf L.endcr cati�e�wnt onJ agreo as[oitu�r;�: �.�
<br /> .. � 1�, P�mcnt at�:i�tclpal and Intcrst!Pnep tttt tnd iets Chu�eq� Huer�wu�ehnll p�dmptty pov�vh�n duo �;,_
<br /> _ �•,. , •; Iho principnl QP nnd imrirc�t on tho dcbl avidan��:d hy�►a Ncnu and nny prepayn�oat and liit�chnrac�duo undc�tho Nuta.
<br />-- a. t�bnda tur Texes end I�eauranc�� Suh c►:t 1�n���llcubtu In�v ur tu u writtc�t�vaivc�hy l.cndrr, IIhrruw�r ehnll
<br /> : . _. _ pUy ta�,andcr an�Itu dny mnnthty pc�ymcnte oro�►co undae tl►�Nato� unlil Iha Nnto i+pnld (n tUll,n Fum("N'�nd�")fnr:
<br /> _. � (e)ycnrJy twcc� und c��s�-x+manta�vrirh m��y uttnln �+rMrity rnar th(s Sccuri�y h�+tr�,ni��n aq u ticn an thn Nr��pee�y; h)
<br /> �c yci+rty lc:�chotd poyrncnte or�round rent�an tho��y�fF�f�yt(L)Sru�iiy t�►��or p�a�riy laau►ane;.premlum,; t11 �;
<br /> �y
<br /> _-- - -_. ycatty ftaod iRS�mnw pr�mlu�iii, I f u�y; (o)S-�nrty t n n t i$age f t�u m n r,u p t c m t u e�. i F c��y� f i n�l (t)n r�y s u m+ p n y a h t o y �=-
<br /> - "--- =- ---. _- _- &srm��r sn l���� !�i c�ec��c+�n!�+w[�h th� �n+v1�lUns uf ptuc�ruph @, itt Uau��f �ho puyir�n� of ntortgngc fmurnn�b --
<br /> — prcmfuma, 7itcan iwm��+ro c;�ll��"��crnw Itema'l.onctct mf�y,at ony tlmc,mlt�ct nnd h�ld Fbnd.i(n an um��uat nui ta
<br /> � t�x��r�l tl�o ntnximum�tintuunl u lander fnr a[cdett►!ty cetntcd nn�rtgnF;v i��t��i mny rcyulta fi+r Ilnrnnvor'n escrc»v a�rount
<br /> �� �� 'x -
<br /> ��_��� undc�tho fcdcrnl Rcnl f?statn Soulemont Praccdures Art at 1!�74 ne nmonQcd fram �Imo to Umv� 1a U.B.C�. 1 26U1 ct
<br /> �,."`�'`: ` a�! ("Ii�SPA")� a►ile;s �u►uth�� ({�w ttk►t uwNil� to �ho 1�usv�:� satti n lestcr mm�unt. !P etr, L!�nde� mr►y,��� ony Nr�n, '
<br /> -�"'� � # �x�ltcr� and i�otd FUnd+in nn umaum am tn raoec�f tho tcascr urtec�um. l.undce may c�ltmuto thu umnunt nf hbnd�duu °
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<br /> • un�hu Qnsb ai currcnt�dn untl rensonnht�cst(m�tca�f nxpcndilurc��P tutur�E�.�rr�nv Item��+r o�honvGio In aua+r�nncw u_
<br /> � ' �vi�h applic•�blo lnw. �`
<br /> ; . .�� Tho Fbnct�Ah�U tw hofat in t�n inatitutinn�vha�ao anpasltn nro i�.wrcd hy n fcdo�n)uann�y,in�trumantulity,or antity __
<br /> � (including Lcndor�if L,cador l+Ruch un instiwtinn) ar{n any F�dornl H�ma l..onn Bunk. I.endur eh+ill uppty thc FLnds _
<br /> <� • � to pay tho Lacro�v ttams. L.ando�mny not chn�g� Horrowor fAr hnldin��nd npplyinp thu Flinds�unnunity anuly�lna thu
<br /> c.�crow anooant�ar voriijring thu F.�►cruw Itams,�mtcs+ I.cndor payn�arracvor lntcres� on tha�nds cmd applicablo luw _
<br /> ' � � {ro rmita I.cndor 10 mnko euch A chnrgo. Hoti�cvcr� l.andcr mny rcyulro t�arrawcr ta pny a one-timc churgo far nn
<br /> ' � indepandant�cAI csti�ro tax rcpartln�scrvi�uacd by l.cndcr im m�ncctian��ith thi�loan,unlcss npplEcaUlo In�v�rovidcs _
<br /> athenvisc. Urotes�an og�eon�ont is made ar applicnbla Inw tequires intcrext ta bo pnid,l.cndcr shall not bo rcyuired ta
<br /> pny�orrawor nny imorcal ar c.�►minb�an tho Fl�nd9. Borco�vor and Londe�r muy aArea in wrlting,hnwcvcr,that iflwrc.gt
<br /> � �:..,�;�..`;`.:},: ;,; ahnU be pnid on tha�nds. l.cndar nhnll givo ta Bottawer�withaut chargo,an nnnual uomunting af tha Flinds,showiag
<br /> e �:,>>�, crcdita nnd dcbies to tha Fl�rtds nnd tha purpe�sa Cor whtch cnch dabit tn thn Fund+wus mndo. 'i"hG �un�s oro plcdgccl
<br />� ;.;�;;ii';�;�:�.;�>,t�� a�ndditlannl securiry far oU Bum�secured Qy this Secu�iry instrumont.
<br /> �;!.<;;;�+";; �- 1f tha�rtda hold by l.endat vxcecd tho amaunto permiucd to bo hold by nppidcublo tnw.l.cndet ehnil nou�unt ta
<br /> , ti;.
<br /> °��:-'`��^;`;+`"ha F�oxrowxr for tho exaess bLrttls in avoprdnnoo with th�requircmflnte of�pplicabla Ic�w. [f tke nn�ount uf ti�n k�1r��s ha
<br /> `"-=Y������''�ti;��ti�. � ' by t.+�nder at on;�Umu LS nat euffcfent to pay tho Eacratv Items whun duo�LAndar rrtny so noUtjr Barrower in writin�,nnd,
<br /> ���'�It��s in such c�ss Bvnawar nhaU pny ta l�+ndar th�nmount neoessnry ta maka up tl:e doficiency. uorrawcr shnll mako up
<br /> " -"�' `'�^�Z�- tha doficivncy in nd more than twelve manth�r pAymonts,nt l.onder'a solo discietion.
<br /> - �'�"'a'��'��"" U�on paymaift in f1�11 af aU aum�ascurcd!►y tht�Security In.+trumant,Lorcdor ehnU promplq�r�fund ta norcawer
<br /> . �t,:<�., �,
<br /> � ,; ,�:�';ii�:�;° any Functs held by Londa�. If, undor p�mgruph Zl, I�ancWr shaU aoqulro or sc+ll tlen Prapurty, l.vrtdor,prlar to thc
<br /> " : 'nY;:�:(;
<br /> .,,� aaqui�itinn or ealo af tho Acop�trty.ehall nppty ony Funds hold hy l,cnder at tho timo of ncpuisitian or eulc us c►cr it
<br /> �:};+�'t.-'�� ogvtnst tho sums aecured by thi�Sccudty Instrumont.
<br /> v"�`"'"`'- 3. Ag�t�,�tlan of I�oymont�. Unlas applicsblo lnw providcs othanviRa,all puymen�a ratnanmd by Lcndcr undor
<br /> .;�.,-
<br /> �.i;�ds.�ti..:•
<br /> .,::i�n��.,., gursgrr�iro i an�i Z e�ii�app3i�:�irsi� t�s�%p:egs;�tes�t r.4:asg�dw±�!.a� t�N��Upn��n nnwunts �ayable
<br /> `�"�ti y- y' ` ��tr parugruph 2; thi�d,ta intorcat duo; fourth, to principnl dua;e�nd ingt,ta nny la�e charg�4 du� undor tho Nato.
<br /> ,1..� . 4. Ctwe�esl Idene. Borcowor ahnU pay nU tiuce��ciseessmants,chnraea�Cncs s�nd im�sitionv au�ibut�rRw�o tho
<br /> .�: �crtv which awv ottain pdarity avur tht� Scsurlty lnstrum3nt, QRtI ICIIS40I1QItI �i.t�Vtll�°IlI4 (�l�,graund re•nta. uF Ut�y.
<br /> � .• _ _ 9oiro��er ahsU pay thes�obflg$tions tn tlta tns►tuur prnvtarA m Para�raPh 2�ar ii tmt Pn�i�e Rrm� �ru,�iar,���: _
<br /> ;�ti�, ehail pAy thom on timo ditectiy ta the pcsrsan awcd puymon� Horrowor Rhall p�ampt�il�rni�b tc+Lander oti n�tioes aC
<br /> amaunta ta!x�paid undar thi�pt►mgroph. If Barrower mnke.� thewa pAymonta direct�v,l���rro�»T�huA promptly fl�rntqh
<br /> � •�,�;� to Lendar reoelpta evldencintt thn pnymonts.
<br /> ; i;` Borrower ahnll promptly dischArga nuy don which hus pdoriry avor lhis Secur,i�v Qn.�tsumont unlee��orrawnr:(u)
<br /> -- tiIIrees in wdNng to�ha paymont af�ho obllgation sccurcd by tho don in i�mnnnvr t�uurptnblr,to Londur;(b)oo»tesu+in
<br /> --,__,�� good faith thv Phrm by. ot dofoad�against onfotcemant uf the Uen in,legul prooeedin�whieh in Ihe 1.ende�t'e apinlon
<br /> �"-�� opornto ta pre�cn't tho anf�rcament af tho lion;ar(c)eccu�cs f�om tho haldor oF tho lion an ag�comont sntisfuctary ta
<br /> '���a� Lcx!atcr subordinatin8 tho 11on to thb Sccurfty I�u►trumont, 14l.cndor dotormines that ony purt af�ho Aroparry i.v eubjcct
<br /> _ � t��n Q�n whtch mF►y nttAin priority ovcr thL�Security lnntrumant�landor n�ay giv� Fi�romcr u nation idontifyi�g rcha lion.
<br /> •; m
<br /> � � "� La�rmxer aluill eat{aly tho 8on at tc�ku ono ar maro of tho acUons eet forth abovo��xttain 10 duys oP tho givin3 0�:aotlao.
<br /> ,+. S. Hwrard ar Nraperty lnaurwnce. Borrower eh�U kcesp tho impravomonts nu��v�xlgting ar horcnftur�7cctcd an
<br /> . tho Praperty insured againvt los� by f{ra. hozntds includcd within tho tarm"axtendcd oavorAgo" and uny othar lha�,nrds�
<br /> including flcwds ar flaoding,far�vhich l.�andar rcquirca lnsurAnccca. 'It�t�insuranco shnU bo maintnined in tho c►mounu►ond
<br /> for tho ptld�that I.esador rcqul�es. 7he insutanoo currior provlQing tho irouran�shail be chosan by Horruwar eubjec:t
<br /> � ta i.under'a appraval which ehaq nat tw unrcASanably wlthhuld if 8orrower fatls to m;iintain oowrAgo des�.�S�td nbova�
<br /> �r Landur may�at l,cndcr's uptbn,obtuin onv�mge to pratect Lcrnksr'n dghu in tho Pro;.erty ln uoc+ar��noo wlth F�:rr�rnph 7.
<br /> _. � ,AU[tu�urarwo palt�ics und rencwnv ehnll bo naooptnblo to Wndor ond ehnll iacludo o s�,�r��ard mortg�o cluuso.
<br /> �' Londor ahnli huve tho right tn huld tho poHcica and tunawab.if Londor rcqu i r es,Bono�vcr a ha ll pr�mp t l y g ivu tu Wn dcr
<br /> �` r�t,� �cccipta of pAid premivau �nd ranewal naticc�. In tha cvent aP tass, &xrower shaU givo prompt rtatico ta thc
<br /> - ���, L�s�an►noe ca+rrtcr und I..cnikir. Landor may mako proof of lo�.s iP rtot mado promptty by Hano�ver.
<br /> � 1���5. Unlesa 1.andor und Borrower othetwiso agrco !n writing,insumnco prooceds nhall bo upplied to rc�:tnratinn or
<br /> �, :
<br /> 7,:;; re�ir of tha Praporty duawgcd,if t!w cestoroUon ar copair i+eamomictd�r feasibla nnd l.cnder's security is not tessoned.
<br /> � .i` A; if tha rc.vtoratian. T r��ts nut eocmamicaity fcaaiblo ar Wndor'e sccutity would bu I�.4cnc.�l,the insurnnoo procceds
<br /> '�:�s�, , shall bo applied t�1Np`lirr�Ncured by tttii Sccudty Insttumcnt, whothor or not thun dua with any axccss paid to
<br /> - M`i,. 8iorrawcr. If Acmawcr nbandam tho Ptoporty�ar doe�not nncwer withip�0 dnys u nodoa f�ort►L.ondor thut tho insurAnce
<br /> �- - _.=:� _ - i�rr(cr i�oft'�fieci to�ettias s tla#m,thcn l.e�tdes ss�y colkci!h�l:tssuas�rs�to���s. l�nsl�r m�y �th� �r�c�s w
<br /> rap�ir ar rc�taro tho Proparty or ta pny eums ticcutcd by�hi� Sccuriry lnstrumant,whothor ar not thcn duo. Tho 30-
<br /> day period will bogtn whan tho notioo is gtvvn.
<br /> �`� ' Unlcsa l.onctcr ond liorrawor mhorwuo agtcu in wdtl��,uny upplicu4lan af pr�oceds t�principul ahnll not c�cnd
<br /> �• ; or poslpono thv duo clato oP�ho monthty pnymcnu refcrrcd tu in pumqruplu 1 and 2 ar Cha��ge Iho nm�iunt af thc
<br /> i puymcnta. lf und�r pa�rt�qraph 21 Iho Property t�ncqultcd hy l.cndor� Hartawcr'R right ta Uny inauranw palicicv und
<br /> ,�K�.��u� � ,_ praaccrlas rcaulting Gam Gomngo ta tho Proporty �rlor �o Iho c�cquisi�ion tihn0 pass t�l�cndcr tn thc extcnt ot ttu�eums
<br /> . }� ` °,.,,'��.��: securcd by thi�Sccurity Ins�tuntcnl immccllatoty prior to tho ac�qutaition.
<br /> . �;..-���. ., � 6. ttccupancy, Nreservptton�b1pintenonco ond NmtecNon ot tha Properiyt &►rr-a�ve�'e IAU�n ANpllcatlon� •
<br /> *;p. ;�. � I,eASeholde. Batrower ehnll nccupy�cswbllgh,und uso tlto Prnporty aa �orrrnver'e principul resl�lortuo wUMn Eixty dnys
<br /> r�,ti.�,,..;� . nft�r tho cxecution of t ht�Sccurlty Insttumcnt ond ehall canUnuo ta nccupy�hu Praparly iis Burrawor'A princlpal residonoc
<br /> ., �,�R a, ,�: _ far at lcaat ono ycnr oftor!ho daw uf'vccupimry.unicss I.cndcr othcnvtso agrccs in writing,which wnsent ebUU nat b�s
<br /> : �'� �r��� unransnnnbly wlthholA. or unlcss cxtcnuAdng clrcums�nnaca axist which aru 6cyonU �orroH�or'e wntral. Burrowcr ehnil , _
<br /> ,���R,��,.:��.� nnt destroy,dAmuao ar impair tho Ptapurty,ultow Iho Ptoparty to�atariaruta, ur cummit wusta an�ho Prapurty. -
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<br /> "A01:� : 4ne (PnDo 9 of 6 Pnpos)
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