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<br /> t-F <,�< COVENAN'!'S. �orn�wer and I.euder cave�and�ree as follows: :- �S.;
<br /> L �i. p�jme�Y of�pa12a��Frepay�a�d La��- Barrower shail P�P�l►PaY�� � �
<br /> r�'=�°��� al Of aud i�.st o�tbe debrevid�ce�by the Nbte and anY Pr�ay�eut and lat�e c�r8es due e�ader _.`��` -
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<br /> .;�`�;.�-,:`` 'f' a. Fands far T��d In�ao� Subject ro aq�lica6,le law or to a wnitten araiver by Lender.Botrower �'� F
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<br /> { : ` shall pay to Les�der on the day montlilY PaYments am due u�er t�e Note, umil dee Note is paid in faII,a svm
<br /> u=: � _ �
<br /> s �¢�„�,,.�-4i`. ("Funds°)for.(a}YearlY taxes aud�s�s�ts wUicla�ray ataaia psiority over tbis Ser�uity Instnune�as a tie.�on : �' ;,
<br /> - -- —.-�.- �e r c+�e r�y;t�)yeac�y te��a�aym�is�r�rouna ren�on a�e�erty,i�a�►:(�)ye�►n�a o��e�► ;�r Y
<br /> � _t r 4 $': �pr�;c�y�y flaoa�p�,if anY*(e)Y�Y mortgage insu�ance pr�u�t �£anY: '�
<br /> i..�� 3IIt1{f}�f SltII14 jYdjt�)��3j►BOJ[OWEi LO l.CIIdCI,ID 8C�1�3At1E Wl!$f�[C QIOVISiO�S Of p3t�b 8,itl�!Of t� �. ��
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<br /> ��:,` '` .�_°�:� � These it�►s are Called Escmw he�." l.,ender may, a�► _,,__�
<br /> � .. paymet�t of mortgage insu�aace pr�s• ' en at time..collect ,:;;�-.
<br /> �- '�`��°a�:;; �' • anp hola Pands in an amnwst uot to exoaed t4�maxi�m�a teuda fnr a feflecatty retated mo�gage taan may -�°;r�
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<br /> `- - �- iec�a�e�or Bo�rower'�escrow axoBnt�mdc.r ihe,fedecal Real EsEate Se�tt�eni Proce�ues Act of 19?4 as�unended �:_� �,_
<br /> -E�`.'T�'` . _�- fram ti�to time. �2��i:S.C.§Z60}et sea.("IiESpA°),lmles.s a�her law thai ap8lies to dte Fimds sets a tesser � d=�_
<br /> � :�-�' Y' ' � �.
<br /> amo�nt. if so, Lender may= at a�►tuae,coltect and.flold Ftffidg�n an amowu nas to eacx��•Iess�t'smoumt• �
<br />_ ' -' _ �`��` � �ndes may�the amrnmt of�unds due an the bas�of�data aud reasona6I��tes af� ^.•
<br /> �.�. ���,�:�'��'�:� of fupnte Escrow Ite�ms or othetwise ia accoNance�itb appII�abte law. 1Le Fuuds sba12 l�e held in an�s6tution = --
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<br /> � F: t�' `L ` w�mse deposi�are�by a federal agency, i�s�ltty ar�C�d�S�er,if.L�der is sach an . ` `�
<br /> � � K ' -
<br /> � :� ,,:_ iastiauion?or na anY Federal Aome Loan Bam1c.l.ender shaQ ap�ty die Funds tu pay the Escc�v Items. Le�der may � _
<br /> '�. �� , ` ¢ • uut charge Boaower for 1mIding a�apgiyirtg tt�Fands,aam�atty anatYzinS the escmw acoauat.Ar v�yiag the •i �•'
<br /> :�' �s c m w It�as.�m l�I.e a d e r gays H orrower i m t e r e s t o n t h e F u a d s a a d a g p l i c a b l e l a�+p e r m i t s I x a d e r W m a i c e s n c h 1�.•
<br /> , a cd�cge. Hawever, L�der u�y reqair�Barrawer w pay a on�cka�ge fut aa�nde,psrd�t re�l.�ate t� ` -
<br /> �"�`� `•�`° rtin serrioe used Dy Lender in coaIIection wit�this ioan.�mless ap�icabte law gr�vides otbe=wlse.Qnle,�s an
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<br /> `;�,�_ ag�reern�Ls made or�licable Iaw reqaires finterest m 6e P�id+I:�der sltatl not be requirea to pay�oim�ei�Y - �,
<br /> ��. that mterest sl�aU be pa�d.� ��,jr
<br /> �t or eamings�on the F�nds.Borrower arW Lender may agree iu wrl�n8.however•
<br /> ��-=�� T oa the Fun�s: I.e�er shat!give ta Banawer.withuut.daasge,.�aanual av�S of tLe Fimds,sbowin�c,rcdits., .� ._
<br /> � ��"� a�de�ts ta t�:.�ts as�t she�ftn�ch�t c 1�+i t sc►t he F�m d s was m a d e. T h e F�d s s c e D 7 e d P,e d as � -_
<br /> ' �� `r-� � addIdoaai seattity for all sums serured by t�is S�ItY In� tf the Funas het�by i.eudet exoee�-ttie a�um�s .. � !���-
<br /> .`` �.� . Pe�mitted to be held by appl�Cable Iaw,Lender shaU acrount w Bo�rower for the e�ss�Fuads ia accorda�wiW. �.
<br /> `. .�--f--_;€�:. t��af a�p�icab2e Iaw. tf the amwmt of the Funds hetd by LeQder at�y t�ne:�s nat s�cient to�p : --
<br />`:.r;�`";�.. . "•�., the Esctow Ite�ns when dae. I.eader maY so nartify�Bonower in wr�tiug.and IA s�ch case Born�wer sbaU pay w - -
<br /> . .._.���_.�.��. .
<br /> :•_�. .'�'�� `�:-��'� L�der the a�aount n�essar�r to n�ake ap ihe de8ciency. Barrower s�aU make up the de�cienc.y tn no mose:than �
<br /> � t ., =�s:, _
<br /> � twelve moarlily paymews,at Len�r's so2e disc�etion. Upan paymeat in fuU of alt staus seaue�.by thi�SeauitY
<br /> f`' _ r�fur�W Borrowea aay Ftinds held by I euder. If..nndet Patagrap�,21,Leatdet ,
<br /> ` , I�s�t,Lender s�ptomP?lY Fuads be�d �
<br /> �.`°� ' shaU acquice orselt tt�e PmP�Yr��•P�or'to t�eacquisition or sate of the Frape�ty:shal!apply anX '
<br /> {- ` ' +`'` . bY 1.emder ai the t�mQ of acqni�an or sate as a c�edit against.the sams se�au+ed tiy thia Secutfty Easutuuent. L— .-
<br /> 3. Ap�on of Psymeais. Untess app]icable taw pmviQes otheiwIse.s41 pay�recc�elved hy I.ender
<br />�:':~:��:,;�;';:,��:� andet paragcapl�s 1 aiW 2 sba11 be a�plled i�t the foAawbtg arder:first.to interest due:secosW.tp priadFal dn�ibitd.
<br /> `��,� ,:..,,� w a�aotuus paya62e�mder gatagtapli 2;fo�nth, a!P�epaymeAt ch�ges due�mder the�Note;aad f�Rh.�o an1►tate —
<br />;���.:;.:.:�,:�:': . • .
<br /> � ': �; �: :. � c�arges due ander the Nate. � . . . deed of uust
<br /> �"` i.�' 4. Chat'g�i Li�. Bouoacr shall perform all of Barrower's obligattmns�uWer mry moYtgage.
<br /> °r:-, ;. � ox othet s� agce�aent wltb a ften wt�ich ttas prlorttY over d�S�u�ji I�aent. �dia8 Bouowet's � __
<br /> ,�,..:�,,';.:�. � coveda�us to make paymeats whe�due. Anjr defanit by Sorrower uader aay sacb mongage.deea of ttns¢or o1�es
<br /> �,-�. ._.•:.� s�puitii a�me�nt sbaU 6e a d�fault�mder thfis S��ty Instcuanent and the Nute. Borrawer shatt pay s�r caoase ta .
<br /> .,;,:�•. ; . . ..
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<br /> . 6e�ai�al�taxes.assessmems aud other charges.fiaes and�mpostdons�aun"bu�b2e ta the Prbperty w m�}►
<br /> ,--�:''`�°;': � a priadty av�this S�it�r Insa�ment,aad leasehatd paymenfs or gnaund rents.if auy: Borcawer stiaU pay the�
<br /> ���,�-_:;.,. : obli�ations in the ma�mer pravided in paragcaph 2,or.if not paid iu dmt manner.Bomower shaU pay them on time
<br /> '�=�r:=:,`:�: d�rect�y to tt�e persme aaied paymen� Bosrower sLall promptly turaish to Lender aU notices of amo�tR be Pai�1
<br /> : .�'�.'"', . uader t6ia patagraph 4. If Bonawer makes the,ce paymenos directiy,Bortower shaU promptty�nrnisb to Lender� —
<br /> ` � , �_ : receipts evidencing the gayaaenss• � ' ; _.
<br /> . :��..... , S, �ort�rapeti4y� 8orirower shalllce�t3ise impravements now e�n'§t�ig or her�erere�xeA. :
<br /> .,�•', �„_�� .'� . �an the Property insu�ted a$ainst lass by flre.ha�arda included within the te�m°�oaverage"and aay'other. . ---
<br /> ` .- , - hszards 1n�tudiug floods ar ftooding.for a�icb l:en�er reqai�ies ia�euanc�. �7lila insuraACe sfiall be maintainecl In �--
<br /> T•. .,�..,,:;�:•,�, , .
<br /> -- theamuunts aad�for the perlada that Lender requires. The iIIS�uance cairier praWdiag tIle lr�rattce s�al!6e c�osen --
<br /> -- _ �:°,'-. by Borrower sabje�t to�Lemder's approval whicb sball not be unreasauab3y wid�tteld.Tf Borrowec fafls to� . , -_-_
<br /> � ��=' ' coverage descrlb�d above,Le�Qer�aay.at LeaQer'a opttcn�obta�a caverage w p�Leader's�rl$hts Le the IIrope�y _
<br /> ' :.-r,<...:t; i�accard�nce wlt�paragraph 7. Al!�nsutance pollcles and rea�wwats sbaU be.screptabte to Leader arW shatt iuclude . �
<br /> Y:� . . . a standa�rd mortP,age etause. Lewder sbatl liave t�e Nght w�ot�the poltsies and renewats. If I.eader r�ire�, F ==_.
<br /> •n�_:�'-.r:.� � Busmwer.shall t�romAU7►give to LRader all recetpts of pa�d premiums aud renewai na�ces. in the eveat of toss,
<br /> —�� nottce to the tusataace c�rier mari Ls�der. L�tde�tuay t�°,pr�Y uf ic�s ig s�m� •� �`
<br /> :. , .�:: Bosowei shait give pt�ampt . •. F
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