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<br /> � . tll�tfCRM Gt1VaNAN'T9.t)ormw�cr and Lender cov�nos►t aui�co 09 fotlowe: �_�
<br /> ' 1� ?NyGOtaf of PFincipas Nnd I�tensl.Raaorrrsr ehell►xuny�tiY paY�vhcn dun tho pr(nclpal a►d intetcsl indcbicdnc:�ovldcn��cd by
<br /> ,"� . � thc Noto end lsro charEe�u��rovldcd in thu A'o;c.
<br /> • �, I�und�Par'hxc��ad lutur�nea�ub,(ect to cppllenblo!aw ar n�rrittcn walver by Lender�Qorrowtt tJwll pay to l.cndet nn tho
<br /> - _. . , _ ". dey n�oaihly pnYmont�uf pdnc(pal s��d intsPCrt ara paynbto u�cr tho Noto,unUl�he Noto b p�td In tldl,o Funt(I�rcio"Futuia")cqw�l to ona �..-
<br /> _ _ . : tweltlh af tha ye�rty tu►e��rtd �usessmente(includfn�cunGc�ntnlum ond piannM unit devrtap�t c�s�smcnte,It any�whtch amy etta!n �+
<br /> �; .: - {aio�iry�vt�thi�i�cd cP't1�st�and Sratafd renis on tAe�`ra�y�t��Y�p�oae•�rrtfth uf Xcr�►txcmium hzstatirnent�for{u►rand tiuuiance. __
<br /> _ . _. _-`-� p{���one�tvcctiih aY yt,uty p,.mfum tnst�ttt�n»fw�nort�aga tn:t�s��e�itas►y��!S�tea�ans6ly e�tirtt�tt�1(nif{elly en�Ifsm timo to timo by `_
<br /> �,���Qp���,�,������■.nnah���theroot acirower eh�Q noi bo obtiauM to mnlco eueh payinente oP Funds �
<br /> .� --; to Lender N tho oxtent that ilomo�ver makr�acb p�ymen4a 10 tho�oidrr ot e Q�tae nwrtg�So or Q e e d o P tmat i f eue h h a l dcr ia an i e s t i t+i t l a ael
<br /> Icn�ler, ��'-
<br /> ,��"r IP Dorrowe�p�y�h'undg to L�nder�tho Fund�ohnil be held In an imtitution tho dcpo�it�ot nccounte oP which ero insund or guarantcsd F-_
<br /> - �� ��°� � by a Fcdtrpl or atato igsacy pnc(uding l.cndce it t.�idtr 1�s�cch nn IrtsNtutloa).l.cnde�eha11 apply tho Funda to pay 6aid taxca,asscssmcnte. �,+
<br /> ' " insuranco premlum�end it�uund rcnt�.Lrnder may nvt ehargo t�r eo hotding nnd applytae tho Fundo,analysing soid uccount or vcrifying and =_
<br /> ,� � cem�lling a�id a�sseasmenu oud 6111�,untea�LetKler NY�Bor�ower Intetca�an�Ao Fund�ind n{►plteaDlo low pem�th l.esedcr ro nwka such v —
<br /> " chvgo.Uonowrr ortd Lcndct atay agtta fn wtiNng at 1Ao Umo c P oxccu t ian oP thl�pcsd of 11vs�that intctrst on tho Fu:zd9 shall Eo paid to
<br /> ;a;'�`y�:r:��:. OurTOwer�and uniess such agnecmcnt b r�er epplic�bto I�w rcquin��uch interest to 6o pald,I.endcr chali nat bo rcquired tn pay 8orrotver
<br /> - ,�,�t�,,�t:• ; any I�tercri or c�mina�on tho Fund�Lendei aha11 give to Borrower�without ch�a,an uinu�l oceounting of'tha F�ec�de�Aowln}i cre�it�and
<br /> :�iyi;i��;i.ti';.;�'� ;�„��
<br /> i; .,�,,;,,,•, ,i.�'�;���.. debit�to tho Fund�pnd tho p�upoao for whlct►e�ch debit to tho Funds wn�rtwde.'it�o Fun��aro pledgcd as add(ticvisl secudty tbr tha eum9
<br /> ��� � ..""� :;� ��� ' �ccurcd by thi�[lecd of 71us� --
<br /> . ,. ,�,:;.'.,:;?;l�;S�;,�.
<br /> �.�,;.,;,, ;,,��:;t`,`� If tAe a�ewunt of 1ho Funda hcld by LcnMr.rogetAc�with�ho ihturo monthly instalimcnta of Fund9 Fayabfo prtcr to tho duo dates of
<br /> "���`'"`;=:•..�•, � � rau�,�uzeemxnt�,lnRUiunco premium�wiQ graund rent�,�7u11 exceM tho anwuut roquind to pvy eatd taxcs,ssyeesment�,infurnnco premiums
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<br /> , '•�;,,,';:�• >'• � �+►�sOUn�ea►�a�thoy fhii duo,nuh execs�e2�li be,aa Bottowe�"a apiio�,cithcr promptly tepaid ro C3anv»rr or credited to Fio�ro�on
<br /> �;i;;:;:. .•,,•..
<br /> l,�s;;, �•.. .. • �'� monthly ins2n11nx�b ot Fundti If tho unount of ths�unds�r16�y I.aid.r�ha11 not bo eufflcicnt to pay fanes,c�ssnsmrnt0.�n��►�P�ium9
<br /> �` � n �'� ,��� ;, �ncl aopand�ent�u thay fall dur,Horm�ver s1►a11 ppy to d�cnE��r any artwtmt necest�ry to malco up ttto dclicitncy in ono or moro psymea►ta na
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<br /> t,ender rtu►y nqutra
<br /> - �t'�.;.•`:".,';�.; .' '� Upon p�lmx.nt In(Lll of iH wnn eec u r e d by t h ia C 1 c e d o f 7 ti u s t.L,c t e d c�s h p l l p r o m p t l y ro f l�n d ro Bonow�an y Funds hetd�y l.ender.
<br /> �''" It undn�v�ynph 17 hereof tha Propaty is ce19 or tho Piropeny is oiherwiw acquircd by I.cnd�r,Lender ehall ap¢1y.no lnter th4n Immodiotely
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<br /> -_ ' �:�;: �. ptior!o the uie of tho Pmperty or ib�eqnisitlon by I.enda,�ny PunM held by t.ender at the time of�pQl9aation a��crodit�inu tha eumo
<br /> •=; ' kcuccd by tl�ii[�cad ot7ttu�.
<br /> �:, . 3. Appllc�tte� �i P�yineat�.Unles�spplicabto lrw provldea othcnvira.dl paymenta rccei�'+td by L2ndcr und�er the Npto and
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<br /> �--- � _ ' ptra�aph�I md 1 hereoP�f utl ba ppplied Dy l.tnder iiris in p�Yment of nmounq I�aYnblo to I.cnder by Bomower tmder p�uagnph 2 hcreof,then
<br /> -�`� . �, , � tp frtt�t p�l'�bk on t h e Nats.a n d t h rn w t h n p r inc i p d o i t h o N o t o.
<br /> �' ����:�� 1. PrN�M�rtp=a sad Deed��t TeY�k C1sAai Lka�.Bormwcr�tui11 perform aU of Ba�rowds obiigidon�undcr�nY�S�Bo.
<br /> deed ot mu!or other acuriy�reement w1t� a Iitn whlch hss priarlry ova thla Daod of 7tust.including Bonowero coven�nb to malce
<br /> � �,',�;�„c.. -a ptyrtKnn wAee duo.�orrower Yhdl pay or cnuso to bo pntA ai1 taxcs,aase�meMe�nd olhtr c1wBe�,flnd u►d ImposlUon��tMbut�bk to tho
<br /> ;';'...Y'�''-`' i'rapctty wMah sury attaia e pt+lnriry ova thla Dcad af ltust,nnd leanhold p�ymcnu ar ground rcna.if�u►y.
<br /> .``:�'��'�";=-- �, .�...,s3 laxr.��sc�es�il���t��vm�n�t�now oxistlng ar h�eattcr eroctsd on►he Prop�rty 3+uvrod a�ain�t toas ._
<br /> '�''�'}t';'�;� by tire,h�zarM included�vithln th�tertn"cxtcn9ed eovesvga"�und�uch othcr h�arda oA l.endcr may rc9u1n and iu aurl►amounn���
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<br /> �4��` ': � perioda u I.sndes n�y requira
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<br /> �;'�§1��,�';;;� 71ie iniunnco a�Ner providiny�1ho insunrioo stu11 be chox�by Boitowu eubject to epprovd by I:r.nderi providod,that auch approv�
<br /> : -- ___ - _ .._�_.�_.�.. ,�. �,►t•wlm��nd�hall include a
<br /> _ e��n41 E�91�0�D1Y Wita►ix14.Au mitII�WO Vo��u ra�c...l.im-�w..nrl...�i:.S�SSS�»..k 1°�
<br /> �'�;,ltl:;. �t,md�rd mat��e ciwto in fi►var af uui�n�fotm pooeptablo ta l.ender.l.ender�tu11 Mvo tho tiEfit m haid tho�atleie+��d rn►�b t�:at. -
<br /> ' !''°��,;� rubJecl to c►�o ccrrtu of�ny mmt��a,detd oPbu:t or o�ter�ecwiry�secm�t►1 with�licn which hn rxioritar ovtt thia Doea of 71twt.
<br /> r ' �)��;;�`. in tho c�rnt otlasr,Borrowa�hdl givo prort�pt notico co the teuuranae a�rrior uid I�nder.Lender msY m�1;e Proof oiloa if not mde
<br /> .; r "' Prom�Mly Dy BoQravrer.
<br /> �� If the Prope�ty is�6andoncd by Bcrcrower.a i4 Batrower fails to respo�to Leada within aU daya t�n tho�to noUoo b miilod by
<br /> `°�<. I,ender to Rorrowa tMa tho tnsura�nce cur+ca offe�to cettia n cU►im for insuranco brnetitR Lcnda is autbarLred�o col�a�e�nd�ppry tho
<br /> ina�rnoe procoal�q Ln�dc+"s o�tion eiilia�to astondan ar�rpair of the Propnty ot to tho cum��eciucd dy thta t)ood of 7fust.
<br /> f. �rv�ti�as�IK�4tsa�xee ef h�pe�y�Lts�e►ofdrl Coadom�l�mu f'Lwae�Ualt�evd�p�eat�Homnwa�ull keep
<br /> tM Property in�ood rtp�ir and aludl not commit wu�te or permit impalmxm or deeeriontion of ti►v�Prq�etty a►d�ha�l can�ply with►1�e
<br /> ,. • providon�of�ey leere if tbi�Laoed of 71rwt ia cm�lwehold.lf thi�Aood of 7tivat io af�unit in�condonuniwn ar s plannal unit dovelopnxnt,
<br /> Uortowa�Mll pafam dl of 8aroweh obl�atians under tho d�l�r�tion or wvesw�ts cratins or Qovemin�tho coadominium or pl�u�od w+ft
<br /> - development�t!w 6yI��s ad a�ulWoni uf�hn candom�nlum or plmned unit developmeat��nd cwuNtua►t documrnt�
<br /> 4tyA�r'o Sec��i .IP Bartower fkili to perfonn the cov�mts and�amsntt 'onhinad 10 th�i Dea!of'ihuR�or if
<br /> 7� Pntati�d t�, nd
<br /> , �ny�ction at pwcoedtny i�oarm►cnced whlch m�teridly at�icsto L.asdd�intaas in t'�a Ropetty�then I.enda.u l�ender�opNon.upon�otico to
<br /> 7, � Sartowa.nry nake arch�ppeAnna�,di�Duno�uch�ume,inciuding rcu�nabla�nc�meys'fai,and t�lce wch�etion w i�necas�y to P�otect
<br /> � Ul�t�'�interoat.It l:ender roqulrod n��a inturanco a s wndiNon of mak1�cho toTn sceurod by thlu Dood of'Itust,Borrower�hal1 p�y tRo
<br /> _ • pwniwns nqai�ad to m�inWn�ucl�1n�ur�u►co tn encct unHl cuch timo a t►�e re4ulna�x.nt fot�ucA i�wanoe taminste�in stcatdance with
<br /> ' * Bqrqwer'�tnp L,ander�wrltte�Wtnornxnl or appliciblo I�w.
<br /> - Any inaunb di�butted by L.endet pwwant to thi�porqQrapfi 7�with intcrsst dhrnon�a6 tho Note rat0.�41 become oddtl3ot�i
<br /> I n d e b q d a w o t B o r r o w a t e c u r a d b y t l�i�[k o d o f 7 Y u s t.Un1w Borrower rnd Lendet a g r c e to other tem�of payment�euch amouna thail bo
<br /> psy�bN u�ae nnsico itam I.ender ta Daimwer aquertir►y psyn►ei►t thereof.Nothing cont�ineQ in thi9 psu�h?chall cequ ire l.e n der to i�cur
<br /> „ any�MpeoM a Wce�ny�ctlon hereunAer. vided that 4e�ks
<br /> � 4�ttl�.Lenda mry m�lce or eauso to bo mwde rcasoaa0to rntries vpan an8 inspecdon�of the Property�Pro
<br /> �- t�Ml)�iva ifactower notice prior to my wch intpection spoctfyln�reason�blo causo therefar related to l.endeto interer!(n tho Prapa�y.
<br /> �, Cwdew�stN�.'(t�o RoceodA oP�ny 4ward or cldm for darn�ges,dicect or ocrosoqucntial,in cannoction wlth�ny oondemnetiwn ar
<br /> ._. �. __ �� *,� ��;apP.o�fot tonvayanco in Ilea af oondemnaHan,ero hcrcDy asslgn=d and shatl be paM to Lendn.�ubJect
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<br /> _ _._ __ c�rt�iag �Y P� a
<br /> 'ry'���:;�1 m tho te�no of�y nwtt�a�o.deod ot orwt ot athcr eavriry e8reement wilh a lion which Aas psioriry o�zt thia ti::d af Tmst.
<br /> �F��t_�>�� 1�. M�nwer N�t Rekut�ll Rorbar�aa By Lender Not a Wolver. 6xtenaion of thc Nmo Ebr paymrne or moditication ot
<br /> ,:•:����'".''"' �nxqtiratlon of tho eum�cccamf by thia peed oP7Yust grantcd by Lcnder ta any eusccsso�in intonst of 8orrowor shnli not operato to rcicase,i�
<br /> �ny tmm�er,tha li�6i8ty aPtho oti�intl Elcwrower and Burtowtt'�cuccessoro in
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<br /> *'` �::"�,•.:,`: : Nlt�liABKA•l3CG'ANI�Mpll'CC�AQ�-1t60 FI�iMA1I�HLMG UNiFORM iNST1tUME P.Yo Z of 4 Form 38Z8
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