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r--- � <br /> �. UNIlj'!RI/ COVEN�Nl7. HOR'OWO[ af1O L.091�Ct OOYNIiOt �Od ul'OC it fOUOW{ : . <br /> 1. l.v� oe lsi�e�l ..t �.Me�w aorr�oorer .u.li v��r w9 � �e a�e priecipal oc .na inurort on a+� <br /> iedebtrda�a�s ovid�noed by tie Nate. pepagmmt aod late cbv�es ao provided in the Nale, a+d t6e principal af asd iwtoie�t <br /> oe a�ry Fuwee �ldvaeoas �eound by I�is !�[oe�ye. <br /> i i. ll�i �et ?a�r� ad I�e�. S�ubjeot to �pplicalle Lzw or to � rsitta� waivar by Leader� Borrow� d�aU pry <br /> � b L�a�d�r aw tYs daY a�a�tilY ip�tdle�4 0[ pe�ciipd aod ieteroat ara payable �Nder tlr IVda. uaRi! the 1Vae a paid ia fuN. i <br /> s aWs tbee�in "Fwd�'9 p�wl m oos�ewplfth ot H�e yeaeiy wux and aaaw►ena w6ich �sy attaio prioritY over mis i <br /> �or�ye, ald SrMt�d ern6� on !6e P�oOrety. if aey. ptus asatwa�lft6 of yearly pree�ium ie�taMmeab to� luzaed istunep. � . <br /> pi�M oeatNn�ifth of ywrly p�emuur i�wtal�eob Dor �eoR�ye insun+►cc. if uy, a!i a ro�onably a�timated ieiti�UY sed trom <br /> Kn� 10 eime by t�aier oe lia F�sis c�[ aMaM+w�ts and biNs rod reataoa6le astim�tas t6eteof. <br /> , 'itie Firdt a6aLL be idd ia as �ias tl�e dopo�ib or ac�u of vhic6 aro i�run�d or p�sra�teed by s Federd er <br /> ; W�e yency (is� L.aed�e�r if i.eoder is wcb an i�titutia) • [.ender ahaU appiy t6e Fued� w pay said taKes. saaam�b. <br /> fawniaa�e �nm�nu aod �ro�ed mav. [�e�ar a�ay not chsr�e for w holdit�s sod appiyia� e6s Fuo�t, awdyzis� yid accouN, <br /> a' �er1[yl�e� aod compilios �aid a�ta�esb and 6iHs. unlas Leoder pryt Hotroiver intarast oa the Fuirb and applip�bie isw� <br /> P�M i��der w mtke wah a c6arye. Bonower aod L.eeder may asroe in Writia� at tha rime of e:aaNiar c[ 16i� <br /> �[oetjye Ilnt iatamat oa tlre Fuadt aYaU be p�id to Borrower. ssd uslas tuch y�ana�t u made or applicable lrr <br /> eeq�daM Iuc6 iMerat W 6e psid, Looder �hal1 not 6a roQuind to pry Bor►aver any iaterect a wniap oa t6e Fuodt. [sader <br /> VNN �e po Borio�vor, wit6out o6uye. an annuai a000untias of t6e Funds chowin� credib and debits to tbe Fuods wd 1!e <br /> p�upo�e P� w6ieh eac6 d� w tlw Fusd� wu nude. TLe Fundc arc pledemd u additioarl wc�ity fa the wms oecue�l <br /> � by ihi� Moet�ye. <br /> j� I[ ths amoont a[ t6e Fuodi hdd by Lender, to�etMer with the future e�oathly iasalMneats af Funds psyabk prior to <br /> (tj the due dates ot eaies. wewn+e�eu. inwraoce pre�nia�enc and poued ceaa. aha11 exceod tl�e aesouns e�c�uired co p.y .�id tws, <br /> � anewmeats. iosevuux premiums aad �nued renu a� tbeY fall due. wc6 excesc shdl be. u Borrower's option, attip <br /> � P��f�Y +�P�� W Borrnw�er ot credited to Borrorrer on eeonthly installmenu of Fuods. li tlfe amaa�t ot ths Fusdr <br /> O bda by l.eede� s6.0 na be w�ci�nt w p.y wces. ...asmenu. ;awra.�ce prasiwes and p+ouna roat: .. a�ey f.0 due. <br /> Bonro�ver �hall pry W Lmder any atoouet nececsary to malce up t6e deficiency within 30 days from tlrc date naice ia maibd <br /> ^ . by I.�ador b Bo�row� roqueuia� payment tl�eroof. <br /> uP� PaY�� iu ftdl of al! wm� �ecured by this Mon�a�e. Leader shall promptly refund to Borrowor any FunAt <br /> ^ 6eW by Laader. !f u�lar par�rap6 18 hereof the Property is sold or the Proper�y is al�eerwice acqui»d by Lander. t.end�r <br /> �hall apply. ew later th�n immediately prior w the sale of the lroperty or its uquisition by Leadar. my Fuads 6dd by <br /> [�dor �t t6e tiese of �pplic�tioa as a ceedit apinu the woss ea,curad by this Mortsa�e. <br /> 3. A�ea/{s� d lry�ada, Unbic appiicabk Iaw providec otherwice. all payme�us receivad by Lceder uadw t5e <br /> I�[Me aed p�rsjra,phs 1 aed 2 lmreot ahatl be applied by Leader Rru in paywent of aenounts poyabie to Lender by Honowsr <br /> wder p�nasph 2 6aeeof. thea W inter� payable oa t6e Nde, chen to the principal of tl+e Nde. aod tlun w iata�t ad <br /> y peiecip�! oe aay Fut� Adranca. <br /> 4 4. CY�� IJ�. 8otrower oAall pay all [ezas, seaeacmenu and alur char�es. flne� aed ienpo�itions rttribuq6le W <br /> ,: fhe 1h�qweRy vh� asy auae a prioeity over this Monp�e, and baoehold paya�eMs or Sround rost�. d �ny. ie tho � <br /> Fpeovid�d undor Py'�aph 2 6eroof or. if not paid in wch manner. by Borrower makin� pay�ent. v+hs 4ue. dinetly b Irs <br /> , payw tberaof. �oreoww �6a11 pro�ptly Eurnish to L,ander aU not+cec of smciusts due ui�der Wu parapap6, aed 'u ti�e aw�t <br /> + Borrnwar �6r11 eake payma�at direcUy. Borrower sAdl pron�ptiy furnnh to Lender recoipts evidencia� aich p�ymseb. <br /> i 8ore�w�ec �ball peoa�pBy di�ar�e aey lia� wl�ich lfas priority over this ►tortia�e: pro���ded. th�t Bonvwer sMa/ eot bs <br /> - nqukad W di�►M asY wdf liea w Iw� u Borrowu shall a�ra in writin� W t6e ptysent of the abliptioa Ma�wd by <br /> � wei 1'wa in a maener aa�pnble w l.aeder. or a6ali m jood faic6 cantec[ such tiea� by. or deLesd eaforoemost of sucY lim i�, <br /> 4, M�at P�a�aedia�s W6ich operafe W preveat the eofoe�oemau of the lien or forfsiturc d d�e PropMy or aey p�t t6awo(. <br /> 3 S. H�nl iAra�a�. Horrower chai! icemp the impro�awents now exic[u� or ha�eafta erectad oe the Praperty iewred <br /> � api�t ba by iw, hara�ds iecluded witiin the eenn "eateoded covora�e•.. �d wch otA� haurds u Le�dx may roquin <br /> { md ia w�h amo�att aed [w' wch periods ac L.ender may require: Provided. d+�t Lendar shail not �u�e dut Me arwount ot <br /> � «�e6 oeverye e�caed dut ae�ewnt of cov�eraje rcquired u+ pay tl�e swnc aecu+ed by dtis �(ortea�e. <br /> � '11N i�wraeoo Carriot pnovldi�+� t6e msurance ahall ba c6cwen bY Botmvcr subjeet to approval by La�der, providd, <br /> ti�t we6 �p�proval �Y�U aot 6e unee�sowably withhoW. A11 premiums on iasunnoc policaes chtN be pud iQ tie aueeeK' <br /> �rvnia.a �der p�n�eapr 2 6m�eof or. if na pala ia .ueh mmaener. br eorwWer mdcia� psy,.est. rrhe�. aue, mncMy w e�e <br /> ; iawrreo� cani�c. <br /> � Al! iApweoe polieiea aod e�o�rals tbereof a�all be in form acoeptabk w Lender and ckdl include a eqndard �wo�t�a/e <br /> cir�� uf taver ot �ed ia [or� �ooepqb4 w l.ender. Lender shaN have el+e ri�6t to hoW tie policiss awd reaewak tlwaof. <br /> ailid �o�et+uw�e dull promptly fu�ai�6 b Leader dl reeewal notioes and dl rooeipts of Qaid pre�iwac. !o the eveet of b�e. <br /> � Yaniowr r6dl �ive praept eaice w the Eawuaooe casrier aod iesder. Lender may malce pnoof of 1or � na made P�on►ptY <br /> by �ar°�"°r- <br /> U�Iw Len3�r a�d larrowa� o�wice atro�e in writi�. iewranoe proc�eds �haH be applied to rosbration or e�p�ir o[ <br /> �' � �Y �. P�1o�+� wcb �estontios or repur is eoonomicaliy feasible and t6e rec�uity of thie Ator�ye es <br /> � eot d�enbY i4pri�ed• If wc6 ro�totation or rep�ir is na ecoeou�icaUy feasibk or if dfa recuriry of tlifs Mort�a�e wadd <br /> be i�p�iled, f6e iearasos pnoeMds t6�11 be appiied to the aums oecurod by tbit A[ort�ye. wit6 the etoew. if asY. P� <br /> � 10 Horno�var. lf �ie tro/erty s ab�edoeed by Borrawer, or if 8ocrower faik w reapood w LeOdCf WIlb10 SO LYi fTOfA tYC <br /> dNe aefiee is maiMd by [weder to brrowar that the i�uunnoe crrrier ol[erc �o rerck a clrian for inrur�nce ba�elkc. I.einder <br /> � it auM6orisrd b aeUeet asd a�ly t6e i�rwsnce Procred� at l.ender's optia eit`a w raooe�ation or raMir of d� ltoQettY <br /> or �s t�s w�s rae�u�d by tbis floe�lra. <br /> Ualw [.eodrr a�d ,oroowr oeYsiwi�e a�ree in writiq�. aay such applicaeion d pee�wds b pnecy+al c6aN sat wcEeed <br /> or pwfpms tl�e dw d�M ot t6e e�oatMy imtal��+n rcfar�ed w in pua�rapYs t a�d 2 I�oroof o� clyo�e the aw�ouu of <br /> , aYmh is�ailas�era. !f yndar prn�rap6 lt Ya�wf tie hop�erty ic aoquirod by l.esder, a!i ri�lu. wk a.d inew�at of �Orrowa <br /> in u� b �ey iearaeos poliCi�s wd io ud fo the p�'ooeeds tYot�oaf ew�dtiq� froeu daoare !o tie P+vP�Y P�*a W the cai� <br /> � Y�i! prs b Leader to �e ezt�t of ttie cuwr aep�rod by t6is ldottia�e iinmediWely pr'�or w w�eh cak or <br /> s. l�.r...�Y. w Md.U.�es .� l�w/� I....+.i+� c..�.�w.�K wr.w u.It efe.�.�.e.... s�orrave. <br /> i�Y arf Mr h�ely is /uM rep�ir as� �MY �ot ooaait wwe or rwsit i�ep�i�ewt er dMsrietyeiaw of tl�s l�ropaty <br /> ; a� ah�il oow�ly wilt tYr �+svwoe� of aey lew �t thn Aloa�ye �c ua a k�el+oid. lf M�s llort�ye r oe r u�t in a <br /> � �eo�da�iuv or a plaesed uoit dav'dnP+�eet. Borro�va ch�p perfora► ail of iorro�ver'c obli�atioes uoder the deeLaratioa <br /> or osw��ls atwRi� ar �owrafes f8e caaioiwiei�re or pl�ee/ ueit dieMelapr�ent. We by-laws and ee�ulatioes d H�e <br /> � a pLoe�d u�it deveiopment, and conrtituaet documeats. lt a ca�domini� or ptanned unit develop�uwt k. <br /> ' � nfaer is �1N !y �ocs��er aed e�eceeded oo�d�a wiM N►is l�4ort�ase. Me oo�o�awb ud atrse�eMs of aud� rider - -- <br /> a1n! iR ieoeqralyd i�10 ad iNl a�eai ad srpplea�t 15e oowareb a�d s�eee� af d�is 1toe�ye u if t1�e �ider • '�+, <br /> r�es � pwt Yrwt. <br /> 7. � �! �'Y Le�id� g ivnww�r frils w �edcrm tie oo�a�a�ts arA cootaiomd ie this � e <br /> �Y� o[ If aq a�o�iea � i� oarrre�osA �+hic� siareirlly a/acn LarMr's� ie tlre hoperty. ; <br /> � � Mrt eo+t 1is�bi loi. M�wi. irroiwae.'Y. oode eaiorca�eet. er uraiylewea�t or pivoeeiioss nwaivin� a y <br /> �� K '�0�. 1M�R LM�R �t L�"i OPI�OR. 1�@� seliOC M �Of'MM�C[. lRtY fna�i �Yc6 ap/ON'asOOi. difbtll7! MIC6 <br /> �Ia ri tlliu r!Y �llfa� 1t is �ep b roY�[a le�/rr's i�eeet. iwclydi�. brt �et lirired b, diirne�e�t of ' <br /> : ; twa�tM� ada��/fr't !�s ae� erLry upa 150 !'noporry to avlce re�airc. It l.eader reqatirod �atatt�ye iaoatauoe u a ' ` urv <br /> ; # �A�r�iliai o� l�Yi� tYlr 11w� worw� h!' IYi� Mo�w0. Mno�rw� �YM P�N� d�e P� �� � �ia�aiw �aci � , ` <br /> � In��p Is a�/ilet � w�cY 1i� aa t�s sKri1�1! !er weM irrqkti teeai�tlms ia aooe�iir�ae �16 ionorrer'� �ed <br /> # <br /> 3 <br /> � � <br /> s <br />