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. . � <br /> --_— _ - - _ � --- __ <br /> - <br /> Sorrow�►'�Npow�000unt und�r tM kxNr�l RMI E�bl� �1ttl�nwnt Proc�duns Act of tp74 u�nNndW trom tYn�to tim�, 12 U.9.C, <br /> 2601 N Nq.("F��A"),unlNS �nOthM I�w tlNtt nppNN tA i1N Fundt Nt��INNr urwunt. II�o,L�ntNr rrMy, �t�ny tlm�,CoN�ct lu�d <br /> ' hold Fundt In lu� I�nounf nol M wCMd IM i�asM amounf. L�dM nt�y�ttht�b tM amount ot lundf �on th�b��k pf cur►�r►t d�t� <br /> �nd naaonabw�stMMitK o1�scpmdN�x�s of lutun Escrow If�m�or olh�wfN In �cead�nc�wNh�ppNC�pN Nw. <br /> TI►� Fund� sfNM b� hNd in wn hatMulbn who�d�poek� w inwnd by � f�dK�l �p�noy, In�trurt»ntRNty, or �ntky (Y�cludhp CO <br /> L�ndir, M L�nd�r M woh �n Instkutbn) a In �ny F�dr�l Hom�l.oan 8ank. LMtdw�h�N npply IIN Funch t0 p�y Ih�E�orow It�na, � <br /> UndK m�y not clwp�Eorrovwr for holdhp and�ppyY�th� Funds,�nnwly iu+�y�np tM Kerow �ccount, a wrMylnp tM Euxow <br /> Ibm�,unle�t I.�nd�r p�yt BorrowK NI�n1!on tM Funds �nA sppMc�bM kw p�rmlte Lend�r to meke suah�l chup�. Howawr,Larid�r, <br /> r►wr nqu1� daro�wr to p�y a au►fin� eh�rp�lor an hd.p.nc�,� n.i«aw ax nponr,�..�vio.uNd by L�nd�r h CorwNOHon wkh � <br /> thM b�n.unl� appNoabM yw provid�s othKwM�. Unl�ss m �pr�r�nt M rrMd�or�ppMcWw yw nquYw Int�wt to b�P�Id�L�nd�r <br /> �haM not b� nqulnd to p�r 9orrowa�ny hMntt or wnirq� on th�Fund�. Borrow�r�nd UndK rtqY yn�in writhp, how�r,that <br /> Int�t sh�M b� pld pn th� Fundi. L,�nd�► �1yN pN� to Borrow�r, wkhout oh�ry�, an �nnwl �ccountlny o} tM Funds, �howlr�q <br /> cndib and d�blts to tM Funds �nd Ih� purpoa lor which Mch dM�k to tM Funds was n�cN. 'fh�Fund�an� plKJp�d u�ddAion�l <br /> acurU)r for�1 wm�MCUhd by this S�CUrAy Inllhum�n6 <br /> !f tM Fund� hMd by L.�nd�r aocNtl th�amountf p�nmktW to b�h�ld by appNc�bN�w,Und�r sMIN�ccount lo Bortow�r for th� <br /> excat Funds h acead�nc�wkh tM r�qufrwn�nit ol�pppc�bw Mw. If tM �mount of th� Fund� Mld by L�nd�r at �ny tim� M not <br /> tufffobnt to p�y tM Escrow It�mf wMn dw,I..�ndK m�y so notMy BorrowK In writhp,�nd,in such cas�Borrow�r�h�M p�y to I.mdw <br /> th� amount rnc�swy to m�k� up tM dMlcirncy.Borrow��h�N rtuik�up th� dNlcMnoy in no mon th�n twNw monthy paynMnq,at <br /> Lend�s soM dkcrolbr►. <br /> Upw�p�ynwft In 1u1 of�M aum�Mcund by this B�cwNy Intlrum�nt, l.�nd�r sh�M promptly nlund to 8ortow�r�ny Fundn hNd by <br /> Ln+dv. N,und�r p�npnph 21, IMA�r ah�N aoqulre a sel the Propwly,LandK,prbr to th�sCqulsklon or wi�d tf►�Ptoparty,�haM <br /> �ppy any Fund� Mld by I.�nd�r�t tM t6n�of�cquisidon or a*M at a cndk�h�t th�sum�NCUrW by thk 3�CUrky Inttrum�nG <br /> 3. Appllc�tbn of Pn/rn�nb. Unbs��ppM�bN yw provkNs pth�rwls�,�N p�ym�nt� ncNwd by I.�nd1r undar p�ropnph• <br /> 1 �nd 2 shaw b� �ppM�d: Mf, to�ny pryp�ym�nt chrp�s du� und�r tM Nob; s�cond, to�mounts p�y�bl�un�Mr p�npnpN 2;thhd <br /> to InMr�st dw;lourth. to prNcp�l dw;wnd�st,to an�lab ah�rpn du�un<Nr tM Nob. <br /> 4. CfIM'ql�;L1�11�. Bartowu sh�N pay �M tuns, assas►rNnts, nh�rpN, finM and imposkbns �ltrbutabb to th� PropKty <br /> which rrwy �IaY� prbrit�r pwr thk S1curAp htstrurt�nt,uid IwNhbk! peyrrNnb or pround hnb, k �ny. BorrOwK thaM p�y tMs� <br /> oblfpNbm h tM nw�r►M�xovkJ�d in par�pnph 2,or M not p�kl M that m�nn�r,8orrowK shaM p�y th�m on lim�dt�ctly to tf»p�son <br /> ow�d paym�nt. Bqrow�r sh�N prompty fumish ta L�nd�► �N notbn of amounts to b�p�id undK thM panpraph. M Borrow�r m�las <br /> th�s�P��nn�nb dinCth�.Bortow�r th�l prompty hxnbh lo Und�r r�C�fPb widmchp tM p�rirnnb. <br /> Bara�w►thaN promply dkcMrq��y Nm whbh lus prbrNy owr thk S�curky Instrum�nt unMes BarowM: (a)�prw in wrkirp to <br /> tM plym�nt 01 MN Ob�tion s�cunld by tM Mpl h a m�nMr�CC�pt�bl�to Lsntl�r: (b}conEwts fn 000d Wth tM Mn bv,or d�Mnda <br /> , �p�1n�t�doro�n�nt of tM 1Nn In,Ip�l Woc�ikq�w1�Ch In th�tantiw�opkdon apw�u to prw�Mit th��nfomaMnt of th�Mm;a(c) <br /> �M MQm 1M hoW�r ot th� N�n �n �pn�nMK tl�alkhctory to I.�ndK wbadYwtinp tM Mn to thk 3�ax1y M�tlntrtMnf. k L*ndK <br /> d�E�rn�Y�s Nwt�ny p�rt of th� Prop�ty M fubjrot to� N�n whbh nry �taN priorUy ov�r thw 8�curMy Inslrum�n4 Land�r may p1,r� <br /> earow�r a noqo� kMntMyhp th� Iwn. Bonowor�h�M wfsry th� Mn a ak�or►�a nan o1 th��cdons at lorth �bow wMhh 10 d�ys <br /> or a,.pvirp a noao.. <br /> b. N�iard or Property (n�uranc�. eorrow�r �n�r k.�p th. rnprowir»nt� now �od.c�np a hrr.Mr .nol�d on th. <br /> Property Inw�d plhst bcY by Ih, hwrd� inCludW rrkhh th�tKm "roct�nd�d Cownpl'md u►y othK ha:MW,hCludYq IlOOdi or <br /> fbodYp, br �wli�h LM�dK nQulns Nwranc�. Thfs Yiwr�nc� thaN W m�htaln�d h tM �ntax�t� and !or th� P1rlo�k that I.Mi� <br /> nqulns. TM Insuti�w c�rrMr provldhp th� Insw�nc��hal b�chos�n by Borrowu wbJ�e!to Undws�pprov�l whkh sh�1 rtot b� <br /> ix�onabhr wrM�Mld. M BorrOwv 1W to mak►t�1t CovMlp� dMab�d abow� UndM rtMy. �! UndM'� uWWlon�Obb�h oOVM�q to <br /> proMCl l.�ndw�rlpM� in tM proprty h aaad�� wMh p�npnph y. <br /> A1 Inwnna pobiK�nd�Y sfal b��oaP�10 L�ndw md�haN lnobd��stmdud mortp�p�cMus�..Ls�da shN h�w <br /> th��ipht to hold th� poMcMis�nd r�rww�M. H I.�nd�r nquhs. Barovwr sh�M Pron�aY 9Ar�to Lmd�r�nc�fpb of pWd p�mhrtis <br /> �nd t�w�l Aodr��. M th��wnl ol bsi, Borrow�r thaN pM� prompt nptior to tM Inturana cartM►and UnWr.L�nda rrry n�kA <br /> proof of lat M itot nytN Dron+PNY bY 9or►qww. <br /> Unl��L�ndK�►d 8orrow�r otMrwls��prN Y� wrlhq,h�wr�w procMds sh�1 W y�pN�d to nttontlon or np�M of th�Pmpwtr <br /> drrMped. k tM rMtomtlon or nqk N�conomkaly t�slDw�nd Unr�i s�curky M not iKSm�d. M tM nttoratlon or npdr M not <br /> �aanombay NubM a l.rnd�s t�cirky would W M��wd, th� In�uranc� procMds •hal b� �ppMd to th� sunr s�our�d br lhN� <br /> S�curRp knhunw�t, whNMr a not tMn dw, wMh wnr�oxas pafd to Borrow�r. H Borrow�r�bmdon� 4M Propwty. or do�a not <br /> �nsw�r wkAh 30 d�ys 11 notic� kOm I.«fdK th�t th�hsuru►c� urtiM hu oM�nd to sMtM � Cl�im, tMn I.�ndK rtNy aoM�ct tlf� <br /> h�w� proaid�. L�n6�r may ua tM procMCis lo npaY a raton IM Propmrty w to Wy sum� acund br thls 9�ourKy <br /> MsWmrn4,wMth�r oi not thMi dw. TM 30�d�y pwiod wlll bph wh�n th�notk+k plvwi. <br /> Unbs�L�nd�r�nd Borrww►otMrwlN p►«h vwMhy,�nv�ppMcation of procNdt to prhoip�l sMiM not�ocbnd or poalporN th� <br /> du� d1M ol tFN moMh/�/p�ymMth hlMr�d lo In pr�qrlph�1 a�d 2 or Oh�rq� tM MnOUM Of IM pt1y111�nb. If undK pwprlKlh 21 <br /> tM Prop�ty N rcquY�d Dr L.�nd�r,Bortow�s Npht to ny Ntur�poNCbt�nd procMds�wlthq hom dun�p�to th�Pro�rty prlor <br /> to th� �cqulakbn �haM p�si to I.�nd�r ta tM «d�M of IM wrt� acund by thR 3�ourky In�Mum�nt YerrwAlll�ly prbr l0 iM <br /> oCquwkbn. <br /> d. Occupanay. Prea�rv�tlon, Malntenmce and PrntNOtbn af the Praperty; BorrowK'� I.�o�n <br /> Applicatbn; L��Mh61d�. 6ortoKw 1haM oocuPY,�shbMah,�nd uee th�Prop�rty u Borrower's prY�clpN ntldw�a wMhh �b�ty <br /> d�yf �fb► 1M w�cuHon of thb S�curMy InlawrNnt and th�A Conthw to occupY tM Prop�ty�s 8onow«'e prk►cpN r�klmc�lor�t <br /> 4ut on� ►rwr dErr th� d�b of occupaneY, unlas 4nd�r otMrwls� pr«s In wrklrp, whfch conNnt sh�M hot b� �xw�orNby <br /> wNhhMd,a unNts �nwtinq olr�curmW�cK uckt which�b�yond Borcow«'s conbpl. Borrow�r�h�N nOt d�slror,d�rn�p�or M�p�k <br /> th�PropKq,abw th�Prop�ty to d�Mdo��M, or carxM wasa on tM Prop�ty. BorrowM�h�N b�N dMwk M�tny IorN�x��ollon a <br />: ancrdY�o.wMtlwr cMil or crlminal. la b�an th��h Lrid�✓a med larh r,den,.ne ceub..eur r,Inr�.�,n.n�eh. vreerw er�. <br /> nwt�ryly Amp�Y th� Mn cn�bd by Mh S�curkp hsUwr�nt or L�ndK� s�curky hE�naG BarowK rt►�y cur� wch a drhiA md <br />� roln�qN, aa provkUO h p�npr�ph 1e,by eauskp d��ction or proc«dYq to b� dltmks�d wkh a n+Mnp Myt, in L��s pood M�h <br /> dAwtnhation� pncAM�s lorhlur� W th� 8orrorwr� inM�st h tM Propwty or otMr n►rbrW Mp�Ym�n! M Ih� Mn dMMd t1�r Ih4 <br /> S�eurlt�r IrnMxn�nt a L�ntMr� pc�xR� YrifrKt. BorroMw th��alw b� in d�Nuk k Borrow�►� durMp /M brn �PPMaMbn Proo��. <br /> 9�w nNwri�My MIN a in�ooa�a hlormallon er WaniM�b to LvntNr (or NN�d to provid� L.�nda wMb �ny tn�Mrbl hbnn�tb�) b <br /> eonr»oNon wMh th�b�n wklMw�d by tl�NoM. lneludbo. but na IknNw to,►Mx�+atbnt eorw.wninp earow��000uMnoy of Me <br /> Prop�ty u� prYicpN n�kbnc�. M MI� Slcuritp bsWn�nt k on • MaNhold, 8onowK �haN compy wlth aA th�provNbn� ol th� <br /> IN�. M earow�r �equkn IM tltM to th�PropKry, tM INwhold �nd tM N� tkN th�N not m�rp�unMa tM l.�nd�►pr� ro th� <br /> m�rpN h wrkkq. <br /> Fain!OM 1�0 <br /> F�Ot�.LMO(f0/�11 P�O�7 0l i <br /> 1{�1 <br />