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Ait a�f 1{te fo�e�+itt�tg 1a ref;:rn�i tt:!n thlx�urity t«�tn�����u uv ti�^"f►ro}�rriy." <br /> t��._:� RORRA1VtiR GQVtiNAN7'�thnt[�orn����cr!.r tuwtUlly xelrrd ui'th�cstntr hercby e+mvcycd nnd I�uy Ihc rt�ht t�nrnnt cirtsf <br /> � q�i;�' �v�nvcy thc I'mpct9y iu►d tPutt �ho Pn�perly iy uitrnctnnhcr•d, exccpt fur rncur�ibs�nccs af re���ra. H��rru�vcr+vpnon�v und wl�l <br /> -,��'""'°°-" dete��d gencrally tlte litic tu tho Pn�pcny+�gninr1 nll tilnlo�.und dcmund�.subJcc11u uny enrumbrnines ui'rrcaeJ. <br /> I � �,:._..t.,�x< ' TIIIS St?CUI�ITY INSTRUM�NT�vnnliiuiz�unlli�mi c��vcmmtH fi►r nattnnal uvc nnd non•unifonn cuvenant�with Ilmiteci <br /> � • �=. � :�. : <br /> ���`:�=�• ,,. variaduns hy juric�lt�:tiun ro rnns�iwtc n unifr.rm hccE��fty I�+.4tn�mnnt�v►vcrit�q renl pn�pvrty. <br /> �'s:;�::��� . UNIF(�1tM 4'C?VFNANTS. Nuvru�vcr artd l.cndcr c�►vcnnnt nnd c�,arc�:►s follawc�: <br /> -`� l. 1'�iymens oR P9�lrueipal and Intcres�i P�c1�Ym��! and I.utc Char�µw. Rom�wcr whait pca��»sly p:►y �vhen duc tl►e <br /> • prin�lr�a)��i'itnd iuti�r�51�►n tho deM cvfda�ccd by the Note aad any prcp�ymcnt and Icttc rhnrgcv duc uroier the N�te. <br /> �. I�1�iid9 e�tt'1'��xc:�p13tI�[ISprURIY� Subjcts�tu n�►Nlicubla lu�v ue t.� a�iriticn �ti•aivcr by l.cn�er, 8ocm�vcr sh;tll pay ta <br /> l,cndcr un�ho day mumhly puy�nents ure duc andar Ihe Notc,until�f�c Nutc Is paid in fuQ.a hum("Fu�uls")fur:(o)y�:nrly tux�:s <br /> wid usticssments which mcry ntt�in priorlty��vcr diiy Scru+ity Instrumcnt av n Iicn on tha Praperty;(b)yeurly Ic�wSChald paymcnts <br /> • - ar gmund rentti�a�Ihc Praperty. iP i►ny:(r)ycarly hiu�nrd�r praperty insuec�ncc�remiums;(d)yc.�rly fl�x�d insurance prcmiun�.w� <br /> � fP uny: (c1 yc.�rly mm�gngc in�ur:►ncc p►rmiumv, iP any; and(q nny sum� payuble by Barrowcr u�I.cndc�. in accurclnncx�with <br /> the prc►visinnti of paragri�ph A,i�lieu af the pnymcnt of ntnrtgnge insu.�uncu premiums. The.ge iten�.9 ure cniled "�scmw Iten�.v." <br /> l.cndcr m;►y, at amy dmc,callcct nn� hald Fundr in an amaunt nu1 to cxccc�l thc muximum amaunt n tsndcr for o foderaily <br /> , relnted mong�e laan muy rcqu3ce Par Bomawer'e escniw u��cvwnt under the faieml Re�11 Qgtute Settlement Pro�vxlurcw Aet af <br /> 1�'� 1974 us amcnded fmm time ca timp, IZ U.S.C. Scction 2AA1 et seq. l"RESPA°),unless unather law thnt appli;s ta tho f�unds <br /> i?��l • <br /> ��� sets o Iesser amnuns. If sa, [.ender may,at nny Ume, eolt.ct imd hold Funds in an anaunt nat t�exceoci tha te.vser nmo�m. <br /> - l.cnder mny cstimntc thc nnmwnt of Funds due on thc b.lvi�o of current duw und tcasonablo esUmatea af oxpenditure9 af flitu�o <br /> ' 6scrow(tems or athcnvise in uccarduncc with��pplicablc(Aw. <br /> 7'fie Funds shalt be held in nn iaatituUan whose dcpc�sits u�c insurcd by u fcderal agency. instrumentulity. ar entity <br /> - --- (inrluding Lcnder,if 4ender is such i►n institution)or in uny Fedeml Home l.aan Bank. l.endcr�hail c+p�fy thQ�unds ta pay tha <br /> Bscrow Item.9. l.cnd�r m�y rtat chaege Eiorro�ver t'or hotdi�g and applying the Funds.annually analyr.ing the cscsmv uccaunt.or <br /> : ,;. vcrifying thc Esrm�v Items.unlesa Lcndcr p:�ye Bocm�ver intcrcsl on the Funds und upplicA6le law pc�mits l,er�dcr to muka such <br /> ;��,':� A CllAfgG. flow•c��v,t�ender muy require H�srower to pay n rne-time clwr�o for un independent�ra���5:►Se ttuc reporting rcervico <br />_ ,:,;;` „� p?f!!�� 4!�-!lY��. U4?�-� t4� BRCC n nt �51 lltll�@ Qt <br /> - u�cfi bp I.c�t n► c���.� � t#I; t��, unt€°° �l3ra�le !s� r '� . <br /> ' � applicable Itav rcqulres inter��rt to bo pAid, l.endcr shall rtnt be raJuircd ta pay Borrowca any interest ar carnings an the Funds. <br /> :�`�, Barrawcr n�A l.�adcr nu►y ugrcfl iu w�iting. hawovcr.th�t intcrest tihull bo puid on tAe FunAs, [.cnder ehull givc to llormwer. <br /> ..- �,.�}��.���!�u. o�f 41tc3�und.u: shnwiva cmd�ts tlltd�bils�0 lhC Fp�Js a�ed thC pul•pos0 fp! tvhiCh eACh <br /> - _ _ <br /> deblt ta tha 1�unQs was mndo.Tho Funds as p1��1g�f aA additional securlry far ail su�nq f.ecure+i by thla Sec9.+rlty LutcumPnt, <br /> If the t�un8s heid by l�ender eacccci�h�nttinunts pomilttal to ttie hcld by appllcablo luw. I.ender shull account to Borrower <br />