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<br /> BORR�WEit COVENAAITS thu�is IawfoBy seisod of the est�e her+ehy oomcyed az�d has the rigM io grant and `
<br /> _ �:':{';`.?°: oamvey the Ptoperty�d that the Pmperty is an�beted.e�tcepi for�brak�s of recard. Barrawer w�ran�and aill ';��: .
<br /> `;: _-`,'`'' ;.•�`:` d�ef�d�eue�a119 the titte m the Prop�cy against all claiuts apd�t�,sub3eix w an}r eaamtbranaes of rmord..
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<br /> 'E� `° �•''�?�: THIS SECU�tFfY IIvSiRUMENT oombine.s�mifoan,oaveoants for narional iue and�orm oo��ants wuh Cmiced
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<br /> : ._�`,�_; `.�" .- v�iations lry jnri,�ctiaa eo o�nstit�te a nnifarm setaicity insuumeat oovering neal prap�ty. �.•,;"�
<br /> � -`�:'.=�': i31HIFORM CQVENAIV7'S.8omawer and Leader oovenaat and ag�eeas faitaws: ..
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<br /> "r � �: 1. Paymeat of F4tadpaf�d i�es�Pfv�a3s�aeat and IaYe C6argc4.gonaw�shall Pro�Y PaY attea due the �
<br /> •�''°+h principal of and i�cer�t an the debt evideaoed by the Nott aad a�r p�aymeat�td late charges due tmdet the Note.
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<br /> '_ �;s.1�; 2.�ds�ar T�snd Ins�aao� Sltbjea to applicable law ar w a wiitten waiver by Lentier. 8oaower s�ratf pay to = ,
<br /> "��-�`r`�"'�`_- Lender on dte day mouhty payments m�due�tLe Note.�mrtil the Note is paid ia fuli.a sum i'Funds')for.ta)yeariy+tazes �w:.=
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<br /> t-T�r��� 'f;`��:� aad ass�wbich may attazn prioriry ava t�s Set�ity(asuameat as a liea on thc Propaty:(b?Y�9 leasehoid paym�s �`'
<br /> , .��`�: � or gm�iad tenis oa the Pcaperiy.if aaY;f�)Y�Y���or propetty ins�uance premicnns:t�Y�Y P •4 .,
<br /> '•'r fta�mstuanoe mmiams.
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<br /> - `.;' ';;, �. if a�►*te)Y�Y���P��•�f�Y:�Et?�!►sums payabie 63►Bo�mw-er to Leader.in award�ce wuh '�`�
<br /> - -�:>-`°`:;'-`:<``,r; the pr+avisiang of par�raph 8,ia lIeu of the payme�a of mortg,�e insaraace pte�s.Th�e�tems ar�ealted'Fs�sow ttems.' , ���-
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<br /> -�� � ixadet may.at anp time.collecc�d ho3d F�ds ia�amcu�t ncn w exoeea thc maai�m amaamt a teader for a fedetalIy • - �
<br /> � ���..�`'": cela�l mnrtgage loan.maY re�laue for�SOrrawer's rscr�aw xm�mt vader tbe fedeial Real Estaze S�tlemeat Pmoed�es Aa of =
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<br /> °,..,:..r,;.,. �:� sey.rRF.SPn"f.uaiess aaoumx 1aw tLas - ..
<br /> ^� � '� � 1974 as aa�uded fmm tim�to tiap� �2 U S.C.Sectioa 2601 d aw apRf�es d�►dse Funds, �, ,_
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<br /> °t .� $_, sets a lesset amaunt. ff so.I�ender may. at atry thqe.bolletx�d�iwIQ Fua�s in aa amo�mt not w ea�eed the tessar amount. �
<br />'_�=�:.:-,;,:-��. Gzader may cstin�ate the�of Fands due on t1�e basis of cum�t dara�d�so�Ie�9 of�of-fatar� ,�.
<br /> Essmw Items or otherwise ia aoca:+�aa�+e witb applicable taw.
<br /> ` 5-i. °�•`.`` � Tbe Fnnds shaII be Letd in� iauitutiba wliose depos�is are insared by a fed�at agmcy. i�ty. ur e�tity • �� ,°
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<br /> = E ('m�tadmS I�ade�,if Latder ss s�b an instittnd�on)or in auy Federa!Haiue La�Bank.lender sball apply the Faads to p�ay the `: •'-
<br /> '.,�-`�,..=-_.- '�_� Fscmw ttems.Lender may ant d�arge Borrawer fas hnldiag aad appiyiag the Fnnds.�►analYziag tLe esccau►ao�t.or `=
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<br /> � q�^•:':fi verifjring the Escmw Items,,tml�Irader pays Bomnwer iate�eston t6e Ftmds and�plicable laa+pecmits LaWer W malce sac�
<br /> .�� _..,_ a�13oweveG l�ader may reqoire Botmwer w pay a one-time c5arge fos aa ipde�endeat ceal estate tax�e,partmg servIae �• -
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<br /> :.. :s:,;-�,:��. u�d�y i.godec in conn�ion whb this Io�. �dess applicabte law pmvldes oshe�wIs�. tintess �agceemeni is ma�e us �;��n�
<br /> � k��. ' �= $PP�cab2edaw r�a�res�t to be paW.L�d�sball not be zequit�d to pay Borrower any'mterest ar ea�uings oa the Fands. �';:
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<br /> Banawer and I�ender may ag�ee ia wrltmg,horvev�,tbat iatecesc sba118e patd on the Funds.Leader sLa11 give m Soa�er. � �:
<br />--- �_-`°:,���.� ' � ..withmut d�arge. an mmaal aoaountFag af the Futtds.shoar�ng czedits�d debits w the Famds�and ttte Qtupose for wLisb racL • -_-
<br /> -`:,,:��::;�:->':;-w:: dradt ta the Tunds was made.l�Ftutds ase pledged as a�onal sec.�hy fos aii sama seaued by this Seautiry Iastcu�mt. . --
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<br /> . .,::�-..`' -�;�:.;°�: � IYtiu Funds hetd by i�er ea�d th�a�amas p�miaed w be heid by applieabie iaw.Leudes skaU aa�unt to Bormwer
<br /> - �'"'%•-�`����� fos the�exGess Fmids ia accordanse.v�th�e�qui�nts of applicable faw.If the a�mQCt of�e Punds hetd by i�der at aay
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<br /> .: �,;•; .": time is;tot s�cie�tt to pay the ESCmN iteat�when dne.Lcatler may so uotify Bamaaver ia writing,and.in�ceh case Borivares
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<br /> �."���;�::t.`=�'�- s�atl pay to Ixader tbe a�notmt aece�y to make up the defcIency.Bonower shail make ap the defideacy in no mose thaa � __ .
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<br /> .��Y.��; t�vclve monWy pay�,at L�nder's sote�isaeiian. .
<br /> W�` �,�:._:�.,: . lJPo�A payment In fWl of all sams ser�r-od by tbis Secauity tus�ament,l�dader.s�ali prnmptiy refaad lu Bonawer�y
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<br /> •��.;,:,., ,'�,::�:.�i, Fands hc�d-bst Lender.•K.�mder ga�pb 21.l.prder s6aH acquire or aell the Properiy.Leader.Pdor W the sCqaisItiaa�or sate --
<br /> ` �`'�" af tbe propeny.sbaU apP�Y�Y F�scds heId by Lender at the time of acx�isitioa or sak av a ciedit agaimst die sams secareA by
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<br /> .,-'�r,�-::',;._, a ,.th��arity ipsS�tient. . .
<br /> `-`�`:��:-;,..:���,r . 3.Appli�tton oY�nymems.Un2eas applicabte lad�piovtdes atherwise,aII paya�enta mceivod HY�ader�mder pa�a�ghs
<br /> - _ 1�d Z aball be appl3ed:first.to anY P='ePayment c�arges due,under the Note;secand;m amm�ats payable ander��b 2:
<br /> '.',:�°.;„ -''.:: thi�d.w fiute�st dne;foa�th.w pstac�pal du�aad last.to aay late cfiazgea dae under t&e Note. .
<br /> �-.�`=r� �. � 4.Ct�ge�L�eos.Bomower shall pay all t�es..a�sessmeuta.c�arges.fuus�aud�ngositians attn'Dmab2e w tte�Property
<br /> ` '' �.':.' . � cvhich ma}r amaiu y$o�ty�dv�•,'�s Seaa�tY Iasuument,an�d le�ehold�yments or gmimd rents.U any.Bamawei'shal!pay � . .
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<br /> -- - '° �these oQllg,atttons iu t��n�aaaer provlded ta puagaph 2�or if nm paid ln mat maaner.Bonower ahaU pay them on.rim��ictx�► . . .
<br /> �='='����<:^�a;-;,; • , . to the pe�oa owed paymeat.�orrower shaU DmmptlY.t�nfish to Ixnder a11 aottcc,a of aA+ounts to be patd unQer tbis para�ph. .
<br /> .'".:;,ti`.`;;,��� . If�otrawet makes 4�ese payments�ditectty,Bomower sba11 promptiy Pomisti ta l.ender r�oelp�a eviden�iag We paymeuts. . . -
<br /> �`".;�:.•;•;��: � �or�awer s�aU prompti!►�aay llen whicb has.prtorIty over this Se�utty In�umeat onless Ba�'mwen(a)agcees ia .
<br /> _ -:�;�;�;�:` wri�ng w the,paymeat of tho obligation seaued by the Hen in a ma�mer sooeptable w IRnder,(b)aontesta�in gaod fait�the IIen . _
<br /> ��'�::�'�?'�;:..: � . bY,ar defends aga�st enforr�ement of the_11� �n, iegal pmceodiugs arh�ch ia fhe LenQer's opimton operate to preveat t1�e . -
<br /> '"W,:+^'.:�.:��:� _• enfancenient of the lic�;or.(c�c�cares fmm the hoMer af the lien aA ag[�eaieut satisfactory to Len�dcr subordinating tLe lien to _
<br /> ` ';'.':j?'���• " . t1�s 5ecutttq Instrumenf.If I.eude�r detetathtes tHat aay patt of the Pmyeriy is sabject ta.a lien whirb may suaia Dsiorlty ovet � ' �
<br /> '?��}�`��,"';`.:s`, . t�Seco�icy Insorament,Lender may give Bormwer a notloe tCenWyiag the tten.Bomawer shaU satisfy the fieu vr take oae ar -
<br /> ' � amre of tLe acBona set tortb abwe witbiiu IO d�ys of gse giving of nodoe. _
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