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<br /> <� . �`c . '��iq�it WPlH all th�impsovemgats m�w or hsreaRet��on tho p�periy.mad alt easetnelnte.sPPustenances►and .� ` r�
<br /> ` < ; pll �� � additioas ehall also be covezed by ebia Security . �
<br /> � . �>'���' � fixuues aaw os hereaRes o Pad of t6s proisa�tY• �F � :°;' .,�`.
<br /> Iast�ea4.AII of�foregcing ia refi�sd tb ia thia S�nri�►Ins�m'.�as the°PcoPartY.� ead has tho dg�tt to g�uut cud � .� "':
<br /> . �aRROW�t t�YENANTS t�Boaoeier is lawtiiUY�of tDs�ate heiebY con'rei'ed `. ��`''•
<br /> , of c�cord. Bortov�er acsirants and wIU� �`
<br /> <'` }�' coavey tLa PtaFartY uad tbat tha Fmpxrty is unencumbet�d.excePt for eacumbrances ..�.:o. .
<br /> < . < da�nd gmeraliy t D e ti t la t o t h e P e�w�e r t j►e g p i�s s t a D c l a i m s sad denraads.sub ject w aay mcombrances of cecord. `� y4 , `.
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<br /> . `' THIS SECURI'Y9f II V�I A�U M B N T co m b i a s s a a i f o r m c o v�a n t s f o r n a t tonal use nnd aon-uaiform cavenaats wi t 6 t i m i t e d �
<br /> . _ � . I • •.�
<br /> �. , <;•` variatiops lyy jurisdidioa to aonst��a�m i f otad sxuri t y i n s b t�m e�t c o v e t i a g r e a i Pro P�i'• p .
<br /> UPIIFORM OOVENAN'['S.Bormwer snd Leader c�aven�at aad a�ee as follows: ..
<br /> " `- 1. g�o�Fein�pal�ad Lttarest; Yi��en�E�te Cha�ge�.Bosmwer shall promP�Y Pa3+ w�dua t�v� / .` .`
<br /> ag �
<br /> _r.._:�=�`� , prIudpal of sad intes+eat an tha d e bt a v i d e a ce d b y t h e N�o t e a u d e n Y P�P�t a n d l a t e c b a r Ses dua under tha Nota. �'� „"`�..
<br /> -< _r �. -�. a.fim�s Sop�eacs eu d Y�m s�n r�n o� ����aPP9icaWe taw or to a rnittea vvaiver by lender.8ort�ver sba11 paY to -- _
<br /> f�` " , .:: �.,. ate doe aadet the Note.smtil the Noia is patd in fntl.a sum(°Fun�7�r(a)Y�Y� -
<br /> _ - R Leadet on tha day mmnthlY QaY�nffi �tbis SecittitY Instrt�meat as a lim on the Pmperty;(b)Y�1Y Ieasehold payments
<br /> . , and a�wh�ch maY at�a PnasitY temiums;(�ye�Y Qood insaiaaca peemium9. .�,; -•�
<br /> - �. �r�o�ud�nts on the PrcPartY•if aay;(c)Year1Y��os prcperty i�ua�ce p
<br /> if and(�anY s�s paY��bY��to Lender.ia sccordanca with :_::;.g
<br /> . if any;(e)Ye�IY��SD��'O�D�' �' uffis.'ihase items ara caited'Fsctaw Items.' �%;.`�
<br /> �' the pmvisioas of�Ph 8.ia 6eu of t�e payment of inettga80�sa�a'�p� � '�,-_:
<br /> .. �' �er may�as anyr time.co]I�t and hoW Fimds ia an amnuat aot ta exexed the meximum amouat a leader for a federallY --•.:
<br /> � rel�ed����S►�far Bo:towei's cseiuw acoouat under tha fedetal Real Fsmte Sdtlement��� ;,,�-�._
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<br /> . . . - _.'� `.� 19T4 a4 amtaded feom luas to tima. 12 U.B.C.SecxIan Z601 d seq.('RFSP�►9.�aaothet law tbat app' , _�,^;.
<br /> .. at tinte.collett and hnM Fimds in aa ammmt not m esceed the Ia9set amoua� •,� ,-�:°:.,:
<br /> • sds a l�er amoumt.Ef so.Yradet may►• �► �.of fuwre ;��,�'':�'
<br /> � Leuder ma7l e�th�amasmt of l�ads due an tha basis of cuaeat data aad�easunable�of�P _
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<br /> � F�exow Ilems os oti�etwiso ia acoo�daacse wifl�applicable Iaw. ���� ��h�. `' =-y
<br /> - .. 7te Fuads abe11 be LeId ia aa i�����aee iasaced Uy a fi�de�a1 A8enc1►� � , ---
<br /> Leader s1r�ll applq�F�ds W paY ` �-�-`
<br /> • . � , (incIttding Ir�det►if Lender is suct�aa iastitatFon}os ia azry Ftdecel Homs Ioan Baak- ` �
<br />�: . ~` F�cxow Item.s.�rnder ma9 naR�as�$B��"�fos haldiaS aad aPFlyiag tha Fimds,m�IIY aaalYzing the esamw ec:wnmt,� '•:_:�;
<br /> ._. . .':;=-� Borrawer�t on the F�mds and applic�ble Iaw permits I.ead�et to make such �:;..�_,� ,
<br /> verifying�e Ezc�w Ittms,unt�s.s.s Le�der Pays � 0� _-
<br /> � 4 ' evdr,lr�de�maY�ul�$�Ower w pay a oa�nte cbarge fos aa indepeadeat aeal estate m���made os
<br /> . a c�rge.gow r ru =
<br /> ' use�by Ie�der ia c�� �tbis loaa. untess aPPlicable taw pmvides offierwise.•Unless aa aSte�� -
<br /> �:, : Ie d to a Bariowes aay interest or eazninga on ths Ft�md9• ;: =
<br /> .. _... � applicab2e 1aw:equi�es in�to be pa�d.Iender shall not be teqaired P Y '0a" . -
<br /> • �:..�f:. ;' .;.
<br /> • :���s= �or►ower and Lendar maY a�e ia writin�,however.�ai�t sball ba Fa�d oa tha Fuads.Iendee shall give m Boirawet. . �
<br /> osa for wLich esch �'_ �
<br /> - . �CUt charge�aa annual ascatmting of tha Funds,showing ct�dits aad debits w tha FwWs�S�ity Iast�amenk ��-�
<br /> .� • @e6lt to�e"Fuad9 was made.ZT�o F�ds ma p2edged as additim�al seeuritY fos aIl sam9 seciued b3► ��
<br /> If�te F�mds Izeld bY len8.�r e�cc�eed the amauats Pex�to be held by aPPlicable law.I�eadec sba]!aayount to Bottowet : �-•
<br /> � . . Emr tha excess Ftmds ia accotd��ca w i t$the t e q�����YPlicsb2e l�w.If�cs amatmt of�Se Fimds heId by E�endet ai enY ��r_
<br /> � tima is not suffc�Isn!to pay t1s:.�iscraw Ttemg whea due,���J►�n°t�y Bmvwer ia amt?�g,aad.ia sanc��o Bon+awer �-�s ,
<br /> up the dafcieacsr.l�onowar eball maks up the de5ciea�Y ia sia mona thaa
<br />. ' � , . sball pay to I�ndes the amo►mt necessaeY to maka . �.;-�,�.:
<br /> ., twelva monti�E3►Pa3+��I�ader's sole disccetion• • ��������w Borrower a�r "-°"�'°='
<br /> °�;"' -�' t in flill o��c{il s�s seeuced by 6us Seot�ity�ti � _
<br /> . "����;` � , v�� I��mder If ��°e paeagraP Leader shall ecctaira or s��th��•��'P�or to the seq�tion az eale � �
<br /> r ��. `�'`: Fuads�xt1d 1sY. , h 21, the a�v secu:ed bY
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<br /> • �': `f;'• of Wa Property.s1�aU ePPZY�►Y Fuads held by Lendet at the tin¢e of acquisitson a+c s�a as a cr�it epinst _ __
<br /> . , �..' �..,;, �
<br /> � . . :.r , ;��, tLis Sec�uIry Iastetimene. des othe�visa,aII Payme�ts rereived by Leader undet paragraPhs �`_
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<br /> . :��. 3.�ApplicaHnn of P�yme�.IIn�ess applicable taw p:avi h 2;. -- -
<br />. 1 aad 2 e1�a11 be applied:fi�t, to anY PRP�t��8es due uader tha Nots:s��,t�amounta payabla tmder paragrap -- .
<br /> � .�- `��',�. thitd,w i�est due:fou�th,�P��due;aad 1ast.w aa3+late charg�due tmder tfie Nota ----
<br /> q��tgca;Ideas.Borraaer shall pay atl texes.essessments.chargea.fines aad�mpos�ions atb�tbntable to the Froperiy - -
<br /> � over tL�s 3�ry Inswmeat,aad leasehcid paymmta°r Sraa�n�ts�if aay.Borrewex sl�ll PeY
<br /> ":. ti.'.;.. ..: "�:, wLlcb may at�ia P�Y them on tima dit�iY
<br /> � . �,�.;�;:�'.: thaa abll�tiens ia the a�maes pmvtded in patagraFh 2.or if not pai+i::i�tbat manner.Borrower sliall yaq
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<br /> ' .�';�� W 8te pessoa awed paymens.Bomuwer shall pmmptly�u�sL to Len�atl nottce,a of amouats to ba pai8 uadei this p�'agc,�pt�-
<br /> ``r} ': ��`; 'i' fumiah to Le�dra seceii�ts evidenciag ths paymente.�. .
<br /> ' .��� .�,_� • :• ,; i�Horcowea�akes 8�esa p�ay�di�ctlY•Botmwer ahall promPtlY _.
<br /> .,:.�` •�`'� , ,3is aa 13en alueh has priority over t�is Sx�:tns�anless Bouaa!er:(a)a8rees in
<br /> .. ,;;�;;;. Sc�rower shaU pmmgdp� s��arge Y d faitb tiae liea —_
<br /> . : ,�`�=. wiitiag W tha paymr�t oY�e abligaiion secured bY tha lien ia a manner accegtab2e to I�eader;(6)caatests ia goo
<br /> `,;;i'�"v�� enfo�ment o1F d�Gm in.lo�al Ptoceedin&9 which m tha Lendat's op�an operate to p:avent the . �,.-. _
<br /> }�.,,, the lien to p ;-
<br /> , :'•� �-°;if°� eaf��o:sement of�or(c)s�f�Che holder af tae lIen aa agreeme�t eatisfactory to Lender enbordiaating =
<br /> � �:;,,.,i',�� •. .. � �8.�SiSUfI�/Inst�ume�t If I�ender determime9 that sa�lsa�t ot tha Ptvperty is subject to a l�ea ahich may�sia Prlorl�Y o� �
<br /> :'i:+r,,. :��.,� . I end the lien or take one or . �_-__
<br /> .- thia Securlty Iastcumr�t.L�nde=maY g�ve Boirower a notice idr�tifyiag the llen.Borrowe:stuill satis$► , --_-
<br /> � ';:`��� m o s�of tha adions set fo�th above althin IO days of the g�ving of notica. . .
<br /> • . .�,F„�1; � Faen 3028_9/90 _`•''_
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<br />`�, ' ' 0p282hm 12/90
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