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<br />'��� �� 4�"•� ;��� ut�oxM coverrarns. Eorrawer aad i�eaaer esveuaac ana agree as€otsowx .
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<br /> E{< . , � l. P�rtnent of Principal an�Iute�+esq Pee�ymeot and i.ste Cdaegea Borrower shaU pmmPUY PaY when due „
<br /> ` ;.� the p3inci pad of sud lnterest on the d�t evidenoed bq the Nute a.nd anY P�P�t and late chazges due under the Note. �4 �
<br /> ; `:��.,._.,,;�;�:.; E. 'Flaads&or T�aes�nd� Sab 'to apglisabDe taw or to a wrttten waiver 1sy L�eader,Borrower s h a l! :;�
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<br /> 4 -F � � ,��, pa�r to Iender oa the da9 monthh►paymeats ate duc uader the Not�nnnl the Nate is paid ia fu11.a sum("Funds'?for. � r
<br /> � c�:� ��., (a)Y e a r l y t�e s a n d a s s e s s m e n t s a fi f c 6 m a y a t t a i a p rio m y over thk�y lasmmaeat as a lien on the Property fb) k:
<br /> �"`�-F- _, yearly Ieasehold paymenu ar grouad rents on the Pmperty,�f aaY:��)Y�Y���PT�P�Y���P���)
<br /> � �` r .�.. year�r tla0d iasllraIICe premivms�if anY (e)YearlY mDrtgeg�IDSUiBnCC pTCnlit�IIls.if anY:and(f�anY Sw�u PaY��b9
<br /> f' a �o -noaver to l.ender.ia aoonrdanae with the prov�si�oas of ParagraP�8.in lieu of the payment of mortgage assuranoe r .
<br /> :��� premi�ms. 'f9�e�eess are ralled"Fsaaaw Ite�.°I.ender ma3►,at aaY time.colleu aad hotd Funds in an amount not =
<br /> .` ' r� .:'�'� to exoe�d the ma�mum amoimt a lender for a federaIly related mortg�ge toan may iequire for B o r m w c r's escraw a o o o u n t �
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<br /> � ynder the faderal Reai Fs�te SettIement preoeduz�As.t of 1974 as amended from time to tim� 12 U.S.G$Z6(11 et
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<br /> _...;;t se� ( RESPA . unles4 aaoiher law that lies to the Funds sets a Iesser amnunt. If so.l�eader maY.at at�►tim�, c w<
<br /> -`�,�`�:-a°= ooIIect and ho�Fvnds ia an amonnt not to emo�oe�l the Iesser aa►ount. l�ender may estimate the amown of Flinds due ' -
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<br />- :>.�`� �o�n Lthe ba�js�is Lof wacat data and reasaaablc estimates of�peaditures of fature Fscmw Items ar othe�ise in s000rdenoe :-'•<'-
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<br /> ''°` 'ti�e Flatds shall be 6eW in aa insatution whose depams are a�sured by a federal sgency,�aentahtY.pI�9 �:`
<br /> .;!,�h ,:�.;f Cmcindmg I�ender.if Lcader i�su�an iastitution)or m a�r Fedeiai Iiome Loan Baak. l�nder shaU aPP1y the Fimds
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<br /> , ., }� ':%; to pay the E�cmw Items. Lender maq noi charge Borrower far Iioldiag and a�Ptya�g the Fwids,annvall9�8�
<br /> ; '�� �� cscrow s000uat,or verifymg the Facmw I1ems.untess Ixader pa�s Bormwcr mtemat on the Fuads and licable law ` '
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<br /> 1 r�. ��r' �1CIIDi�IRAdCf i0 �S►3C11 S{�IStgC. HdoYEV�Ct�I.CIIdC� Dffi9 IE�11i�iE BOflOWCI t0(!Sy 8 oIIB-t�C f0! 8T!
<br /> . ` c� u v d e p e n d e a t i e s i e s t a t e f m c r e p o r q n g s e E V i o e u s e d�p L e n der In oa�xioa w�tb this I o a n,tmlcss a P Plicable taw provides .
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<br /> .<<,';::�,;_ ,:.:;..�•,-�� othetavtse. U�an ageement u atade or app2isabte law requires iuterest w be paid,Leader shall aot b�required w �,';�.
<br /> � '.�., �=• pay Borrower a�r inte�est or eammgs on the Fuads. Bonawer snd I�eader n�ay agrce ia writing,however,thai inierest '�=;.
<br /> '" � .•;:fi shall be paid ott the Fuads. L�nder shall give to H�aower.without charge.an annual accounting of the Funds,ahowlag :,�.
<br /> ''`���:�"'•"� credits and debits to the blmds aad the purpose far which ear�debit to the Funds was made. The Fuads are pledged ;�
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<br /> .,4 �;• . 2S 9�1tlOIISI S�CUI�ty fOT 8D SUtC.4 SCCQIOd by tT313 S�tllty�i�CAL . r
<br /> �Y,t. ,. :� . ;� If the fi�adg hetd by Le�ader exoeed the amounts permitted w 6c held by appl�cable taw,Lender s�It ae000nt w
<br /> .�,�;r,;>:. ��;� Bomower fos tke exc�ss Funds in aawrdaace aIth tbe�q of applicable(aw If the amour�tt of t6c Fimds�
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<br /> '��, • � , by LenQer at aty time�S mat suffnaent to pay thc Fscrow I�cEue,Len+der may so notify Ban�awer ia wriRing,�3, , ���,
<br /> � `%,`�`�� !� ia auc�e�ase Borrower shaD pay to I.ender the amouat neocssary to make up the deficiengr. Bonower slr�U rt�.up � �
<br /> .;��:..,.-`-=t.,'.'S�` the def�ciency€a no utare than taelve snont�►Paymeats,at I�r's sale d�+aetioa • • . :'--"',`:
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<br /> , '�,; Upon payment in t'�ll of aU swna�ured�sy this Securlty In�trument,Lender sttaII promptly�to$orrower
<br /> � , * ��"'`�`: a�r Funds held bq I�der. 1�uutder P�S�P�21,Leader shaII acquire or seU the Ptopeny. 1.end�;.Pnor w the I i
<br /> -'" } aoqu�ttan or saIe of the Ptop�ttq,s3�It pP1Y�Y���YY I�der at tLe time of aalut�itioa or sa�e as a cm,�t �
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<br /> ' � . ,;3. ag�'st the sums seaued by t�is S�tauity Iaswment � �Y�a�
<br /> , ;-� r>',s� 3. Appi[caHnn olPaymactg. Un�ess agp2pcab1e law provides otheruvlse.a}1 PaYments ree�d�sy'i.,et�der uader" ._
<br /> ` '':�• F��Phs 1 aad 2 shalE be applied:B{st.to�uq�zepaYmeat charges�due unQer We Not�sccond,w a�ou�ts P�� �c., :,'_
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<br /> '��':���:��:%:. ' ��P�S�Pb Z:th�d.to iaterest dh�fowtls,to PrincaPal du�aad 1ast,w e�r late eharges duy und�the Note.
<br /> � �;1.<�. � . � q. Charg�sf 1d�s. Sorrower shaII pay'all ta�.ess�amentg.cbarges.Gnes aad'smPas�tion4 aftu6utable to We �=_
<br /> 1 :;�'�.°. ::s_ . Pioperty which may attain priority;v�rer thi� Sr,cuiity In�u�nt. and Ieasehold rayments�or groun�`rL�t�s, if ac�►•. '��>
<br /> ;, y� .'� � � Borraa►er sI�II pay Wese obSig,adons�n the m�nner yravtded ir��araS�aPb 2,ar if not '�d�tbat maanee.Borrpw�r
<br /> ,° � . ,��. shalt paq tbem aa tfnne directiq to i�pelsoa owed paymeru. 8omawer�.�romPtlY . . � W Ixader aU notiee.s af _---`
<br /> � ' � :; � . amoiu�ts to b pe� a'nd u�r this garagraph. If Borrowet makes these gaym��ditectiy.Borrower s1ta11 prompsly fumigb � =
<br /> ;� ,;� to Leiidet r�etpts ev��g t�e papments. • : � ,
<br /> � ,£r f. B o rn n w e r s h a i}p r o m p t[S+d i s�d i a r g e a i►Y'l i e a w b i c�tt�as prio ri t y over tbis S e a u i t g,��ent uNess 8arromr.(a)
<br /> ' ;�dx�fi t agrees in writtng toshe qaymcnt�tp�obti�don seaued by the lien ia a manner aooeptab!e w I�ader�ntests ia � _ � �a._
<br /> {'"+�� ' .gaad fattb tttise ti�bY,or defenBs a,�ainst enforoement of thc liem its,iegal pruoeedinp��ich ia the ap�aior� .
<br /> � �',�.: , �'- oposata to preveat the enforoement of tke 1ien;as(c)aecures fmm tice botder oY the hea,aa.agreemenr satisfaao w.
<br /> f,� : _� . ' I�cader aubordtnatiag the lien to tids Securiry Jastrwaen�.If Lender detenmiaes that su�r part o!the Fmperty ia suti�eet . -
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<br /> - .-^� w a iien wi�ch may attaia prlorIty aver Uvs S�ault�r Instrumen�Lrader maY g'�ve BoAa�wer a natIae 3d�a S ttte a.
<br /> � ��- Botrower shall sat6Fy the lien.os take one or mqra ot the actioaa set Porth abave witMn 1Qdays df fhe�af ttotiae. ___
<br /> �'°' `k��� � . S. HawsO or PenperRy Iasa�e� goirowcr shall ke�'the impmvements aoav��or hereaRer erect�d+osa � _ ---
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<br /> � the Psoperty lnsviced ag Ioss bg fic�.hazards insduded ln aUne term �rtended oove�^�"�d aay asher ha7ard�,ft�.r:
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<br /> ;,:;�..,, : .'�.:_.-. whIch Lcnder requtres b�su�raace�Inciuding+6nt aot limited to�tloods or fIoo earthqua.�or hurrlcanes(whether ot ' -
<br /> ' .`, •�. ,.��.� . not sucb hazards are r+�uired w be insured a�nst at ttte�me the Loaa i��.AU tussuranae requited by Lender$baU � � --
<br /> `r'a ;; �;� be maintaiued ia the amonats aad far the periods that Lender requires. 74��urancx caMet provldiag the ia�utance. � .
<br /> f u ` � shall ba chosen by Bo�raavcr aubJect to Lender's a_pproval.whfch ahaD not be.uareaao�bly wlthheld::Ia t6e event the
<br /> '.. , -"�"'-;'-:x property improvemeats are uaw,or at any dme�wmg thc term of ti�iis Sec�ultq Iasuument are determi�ed to be„ia a ' _ . ��!`
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<br /> , .:,f Spe�aal Ftoad Hm�d Area.Honarwrer�must obtata aad maiataiA.ttood insazaaaa. � •-
<br /> ' ': Hor[aares acJmowledges and a�ees that failwe w ia�ure the.PmPert9.wh�Cb is tlte sewrlty for thfs sgceement, �.
<br /> ` ,',`_; . aeoording to the terms and eonditions of_tl�is grepL S is a�event of defauIt subject to the reme4ies ava�a�Ie w ' � �� :;
<br /> , � I�ender uader tbis agieement� .If Bormwer to obtaia or maintatn a�r caverage descnbed hereta;Leader may.but
<br /> •.•�: , shaD hsva no duty to.obtat�such aovem�e or substaa�a�y equivaleat eoverage wltb aa iasuranca�rrier of Lender's :
<br /> � ..ti,;: choioe,�rote,ain o iand e ' �,est fn the ProneKV ia aeoordaaee wiW paragraph 9.aD St 8osrawes's,expease. + �
<br /> .` Lender sl�all have no ty or obti�to obtabi"�Twtanee�ezntedtng Bormwer's inter�at ia the Propetty.or coverl�g
<br /> � ;
<br /> : ,:_�:� .rlsgs for.which Leader has a�t re�ed tasutaa�as dessa�bed ia the 6ist paragraph of this paragraph S.even If Bortower :. ;.
<br />- ��''�:.'��..� '.�; bas pievIously obtaia�or maintafaed auch insuransc oavetag�iaclud�ng.wItliout llautatioa,a homeawnets pott�y. Lendet . -;;
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<br /> �,:,,,. ., .,. �:s maY,in its sole disaet�on,abtaia fnsutanee in whatever amovnfs aad rpes Lender deems adequate to pmtect Leader's
<br /> .,.
<br /> � ���'�•4.::�;� �nterest in the Property,��e�s of We unpaid baianae remaaatng the Note ar the amnunia remait�irtg due under
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<br /> �:;=.�;:��=' -=`�� tbis 5epuity Iaguumeat. �or tlds purpose.Len�der wU.decm ita iateresta to be adequatelq proiected hy aa lasuranoe .,
<br /> • .-1��� ,,.. polIcy with ooverage equai to the vaWe of the improvemeeats Iocated oa the Pra�erty secu�ng Bo�rower's toan. Leader
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<br /> . �4 �•.:k; may dcteim3ae thc value of t6e impsove�uenta by assumta�es sac�rate ths vatue asv3gaeA to the fmpmvemeata la the
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<br /> �.. °� Imuraaoe pollgr that I.ender's rewrds reflect waa most receatty held�y Bottaarer prios w ttise tas�uaaoe policy obtaineQ
<br /> `'• ".�'` :� Isyr Lender. Borrowet acknowtedges and agce�the ataount may not be equat to the actual vatue ar rcplaoem�nt value
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<br /> `�`'�`'�::�.:'; ot.the Lapmvements.and any aucb imutanae LenQer obteins may aat protect Barrawer's imerest ia the Pro��
<br /> . . � Bono�vies ges and agre�s tLat ttie c�t of the iffiurance ooveiage ao obtained lry Lender may a��tt�►.
<br /> cxoeed the dost��oe Borrower wula have obtataea.�as descrtbed ia tha 8rst aragraph of thb paragraph S,�f
<br /> � ,�;. .,,; ,:.; Hortower had purc&ased the iasuranoe directly.aad further may pmvlde Bonawer�th less or no L�sureace owerage
<br /> . �.. � Dmtecting$orrowet's lntetest ia the properiy. 8onoarer fnrther ac�aow1edges aad a�ees that Lender may obtah�aaq. �
<br /> -- _:;::'��;' °:.;:� sucb imureace directtyr ar thrauAh aa iasureaoe ageary or insurer.aff�tateA wlth Leader a�d Leadet or Leader'a a�ate � �:
<br /> ;:, ,� .� . ,..`�` may meeive a oommission or otjier compensatioa in oonaectioa alth obtaining such�nsuraac� . � ''�'•-
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<br />_ • RO/Ii180Z0 8/418 (P@gA'1 O�7 P@8Q8) .
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