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<br /> � _ ,.`.�- F 1'0(3$THER WiTH aU the impmvements mw ar he�after erected oA the praperty.and a!I easemeats,a�punenances.and _
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<br />:�:F:���:��� �xh�rea naw or�r�fte� e paR of'ths pm�y. Ail r�plaoe�n� aad additions shall atso be wvered by thts Se�► -
<br /> :.�.�.�:•,:��',���.�r•,� I�t.All of the�otegoing is�to iu ihis�SewritY Iasuumeat as the'Propeity.' -
<br />-, .- f,,F`, � BORRQ'PV6I�COVEN/1F]'t`5 that Barrower is lsiiwfullY seised of the es�ate here6Y aoaveyed and has the r�gbt to gr�nt aad _
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<br /> �`����:;�•�, ��': oonvey the Pmperty and that the Praparty ia uaenau�ered.except fQr encambsaaoes of[erord.8orrawer wananss estd wi11.
<br /> "y .,� `�:t��. defend geaecally the tittl�to tive Fmpe�ty egaiast all clafims a�deamads,�cbjea to a�ay enaimbrsit►oes of teoord. ` _
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<br /> � ` .-_-:�°': 3�lIS�SECURYt`Y IMSTRLiMEMt'oom6i�muifotm oa�for�ationaf use aad aou unifom►covenants with 11mIted
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<br /> -' �" -:��;�: v�i�ons by jurisdiatat►to ooastique a�aifo�m securiry iasurm�e�u cavertng reat property. =
<br /> 4 r F . � �c UNffORM COVENANC$.16osrower sud Iend�r aaveaaat and ag�ec as follows: _-
<br /> 5 , I.Fpyt�tt ut Fedmipa!end Iatertsti F+repaymffit�t4 �.ate CDar�s. �ormwer shall PmmpttY PaY whea due tite =
<br /> :: . . -<-_ � prlacIpal of snd iat�on the debt evIdeadad Dy tite Note a�d an3►PrePaymeot and tate c6arge.s dne undes the Natc. _
<br /> �� .,..-.-'.`f� 2.Faad9 ior Taaes and�mmanc� Subject ta spplicable Iaw or w a wrItten araiver by[�da.Bmru�ver sAalt pay to -
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<br /> -�,`_, .'� }. • i.et�der ou tfle day unontWy PaYm�ats a�e due uader the Nate,until the Note is paid in fiill.a svm t�Fuads")for:�a)Y�Y� �
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<br /> �-���`€��.`�'�s� �� �a����,�r�;n►o���s�,►r���u�����:(b)Yeady teasehotd payaients -
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<br /> -- `��;�, or grumcd r�ts on t5e Propeny.if any:(c)YeariY haxard or grapercy iasu�w�ce preminms:f�Y�Y�ood ias�ce pie�miwns, -
<br /> _ -'`�;,:�:;`;;��;F�� if aay:(e)Y�Y��8e��P����Y:�(�ffi►Y�FeYabte by Borrower to Le�der.in s000�dance weth . _
<br /> - `�::�`�;F: the pmvis�ons of paragapb 8.in liea of the paymeat of murtgage��++A++�s ps�miwas.'i�ese items a:e calted"Escmw Stems.'
<br /> .�:`'`,' .,`:�,:�, ,L�adEr araY. at any d.me, oo�Iect aad twId Fnnds in an amount not to exoeed the maatmora amoum a leoder for a federally
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<br /> `< <_�_`A. . mlated mattgage toan may teqaine fox Bmrower's escsow a000unt under the federai Real Fstate S�Hanent Pr+ocxdures Act of
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<br /> :`;��..'.�-�.':-�' 1974 as a�ead�ftom 6me to time. i2 U.B.C.Sectien 7.6�!et seq.t4RFSPA7.uN�s eaa8ter!aw that applies to the�nads ,
<br /> s }� -::�. - sets a Iesser amoua�If sa.Lcnder may,af any time.coltset ead t�2d Fuads in an apaount aot to excead the tesses ma�vuut.
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<br /> ..�,<_.__�_ ,. � .L,eqder may esdmate the amoma of Fnnds dae dn t�te bastis of purre�_data and t�sonable�of expeaditmrs of futace. .. .
<br /> `.- � '. � Ese�aw Itaas or dthe�ar�se tu a000rdanoe witte applieable taar. ' • � , -
<br /> �'`. The Funds stiall be held in an instiUnion whose is ate a federal _ -
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<br /> ;��,,.��:; � .(�t�du�g I�,mdet,if�dei is sudt aa�on)or in�lY F�HomcLoan Baok..I:��ei sBalt�gly the.Euads�o�}r.the ..
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<br /> �- .;;:.��r Bscc+ow ttems.l.ender rnay not chatge Borrower far holdia�aad applyiag it�Fuud.s,aBnualty anatyarrig the escmw a000aut,os _
<br /> - � ',�,=:� ', - .veri�y�ing tt�e Fsctow Ite�s.anlesa Londa pays Hnr�wer iatecesc an the Funds aud . ' e taw petmits i�nder fo uaake sacb.
<br /> �,�-'�����F` •a ct�arge.Raw,ever„Lendrs maY require Sormwer ta pay a ono-time chaige for an mdepeadart r�a!estate tax repoYttuttg�avIoe � . � -
<br /> ,.� ' used D!► 1.en¢er:&s cvnaectiaa arith this toan, anless agpficable taw�pmvldes�utherwlse. IIntess an �t 4s maQe.os . _ _
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<br />,>>;,`.";=�`�- , �DPlisebfe taw requires�inteiest to be paid.#.��shal!aot 6e��Fa3►����Y�nr eainings on ti�Fwids. '
<br />_:'.<-_��. .. .:? ' $om�wec mW I.eader�maY agree in writing,bowevet.that Interest eLall b�gatd on the Foads.L�endet s�al!�ive m Bonawer, .
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<br />:;��.'.�.='�,,:z�: wit�t ch�e,au atir�at acoouadng of the F�.showlug c�its aad debits w the Fwids atul We puapase for vvLicb eac�. . .
<br /> r � :,-': ' de�R to the Fnnds was made.11t�Fands a:e plmdge�a�s adOit�Ona}sgc�urity fOr ali sarris seciaed 6y this S�ority Instrament. � .
<br />_��;.;:�;�:'.: � . .if tlx�F�mds aetd bY I:euder e�ceed the aarounts pe�ieted to�be heisi tsy app�iCable laar,l.ead�shait acoount to.Borcawpr`
<br /> �'�°;;::��; : far.ihe excess Fnads in�ceordanoe witb the ieqnirem�ts of agQlica8le law:if the amount of the Funds tieid,by LasQes at any
<br /> � {.,' .. �; tiarei�is aot suffideut W pay ttne Euroar It�wAen due,Leader may sa�otify Borrowec ui adting,'and.in such case Bosmcvea. .
<br /> � `�,u,1 r � ' sis�'�to I.ender the amoc�ut.�essar�►W m�ice up th��denry:Harrower sbzt?��ke up the deS�ciency ir.�r3��''•..ose t�*e
<br /> < <,�.- ' twe��'atontbly paymeats,aY�'s sote dl.ac�ioa ,:: ' � :::��� . . ' `, ;�€"•, .
<br /> ;'"� . 1Tpori.paya�ent in fiilt uf all s�ms se�ured by�th�s�it� .I.eade`�`"sBall Pi'�P�Y refund ta gp�iq�R'�.',`,;`r .
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<br />__. .... �i� . -.. Fun�s held by Leader.IY.�mder pata$reph�t2.l.ender sDa1t aoquir.e dr�: ProPeriy.L�ntd�t.prlor tP the arquisit�oii o�s��� _.
<br /> .. , o`f the.Frageny.stialf apply any Fsinds hetd by Lcander at the ttme of abq��sit�pn os sate as a er�dit against the snms s�d�y
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<br /> Y' ��=° _ � 3.:Appltcattan oY�iym�ts.lJNess appl�cabte law pmvides otheiertse:all paymeats�eoeivod by Lender unde�paiagrapLs
<br />- - __��_� 1 aac�2 shail 6e�FD1�'��+w�Y D�Y�t�8es°du�ander tlte Not�seaa�d,to amonats payabie under patagegpD 2.. `�
<br />---'--°-°� thiM,ta iuterest tlue:�fourth.to�rIactP�1 da�:snd last.to snyr late ct�ges¢ue'uadei the Note.. � . • . .
<br /> ------ 4.C�.Lt�s:Borrawa�sha1Z pag�;a�3!mxes.a�ts.c�afgc,s•�nes an�imyasit�on9�ble w ths.Pmyeity.....
<br /> _ � . wi�ic�may attaun p�imtty mre�., i 5ocu�ity.�is�mme�t,�d le�sehold'pay�nents or�oouad�eats,if aay:�rrow�r s6all���ay .� . �
<br /> _ — ..: triese�obt�gataons in f4.8 ma�a�vided�a,para�rapb 2.or•nf nat paid lu.that maimer„H�umwer shap.PaY'thau,,c�f�ume direttiy
<br /> -_-._.. �� .t�t�person owed p�jraaet}t:.B`+brioaver shall prompt�h►�tnisb tv�.enQee;.�ll nottoes af..,.�t'aunt�t to be yaid oiid�r.i,�'paragr�yb. ` • • .
<br /> --- � � . IY Bdrmarer mata��'t�se payme�at$directIy.Borrower shsll Ptomptl�c fa?��5�w Lender recedpts dvidendn�tIIe�aymenta. � ,; ., •` �
<br /> _____---- , �o�r�tiver�i's�Am�Y�!�Se a�Y 1ten.wLitb has prloritY ov��s SecurItp Iasaument ut�2ess Bdrrawer:(a)agr�s€ai;_''��'.
<br /> ----_= , vvr�n�.�i the�Yrmc,at af the ofsiig,a�an sec�ued by the Uen iu a mannat ac�eptabte w I.eader,N)confests in'gooQ faith ttie lign .
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<br /> �;a:�;�?�;� bi►,;�t�'defegd.v agairist enfercemea�t o f t h e 1 len f n. t�g s 1 p m ce e d�n 8 s w t d c b i ri�t h e L r e a d e r's op i a i o n o p e e a t r�..h�:p n n v e nt t h�; .. .
<br /> -_�'=�" • ..euforDe�ent oY the 13en:ot(c)se�uses fmm the tiptder of the lien an e�ept�Sf'acWry to Latder�S�f1ie Uea w ,
<br /> ,,,�.,,�„Q,�;:�{ � fhls�.SerorIty�ment.�t.L�aWer Qetermtaes th$t tmy part oE t9te PmpeKy Ia s�b,�ect to a tien��nay aptain.priorttyr ovgr � .
<br /> > ' �, ,''' '-�� thi&Seaulty Ia�stti+�neat,Leader may give Borrawer•a notfce ideat�fying the fien:$arnnwer shail��r ttis lie��or tuke one vr .
<br /> � - ��'� auxr�af the a�iians set forth above wjthdn 10 days of We giving og notTce, .
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