2� 1 ��544�
<br /> ��' �orror�rer pays Fund� t� �.en��r, the �und� �hall b� held �n an institutivn th� deposits ar
<br /> ac�o�nts af which ��� in�ur�d �r uaranteed b a Fed�rai ar �tate nc � c�udin L 'f
<br /> . . � Y a��� y �� � �n�e� �
<br /> �end�r �� �u�h a� �nstitution�, L.�nder �hal1 ��p1y th� Fund� to pay sa�d taxes, ass���ments,
<br /> insurar�ce prem�ur�s and ��ound r�nts. L�n��r may nat �harge fvr so hold�ng and a� I�in� th�
<br /> Funds, ana� �in said accvunt vr ►�er�f ir� and ��m �I�r� �a�d ass�ss�en�s �n� ����s un ess
<br /> .
<br /> Lend�r a s Bo�ow�r ir��ere�t ar� t�� Fur��� nd a ��� I� I
<br /> p Y � . , pR cab e �w p�rmi�� L�r�der to mak� su�h a
<br /> charge. �ar��r���r and Lend�r may agr�� �n ►juri�ir�g �t �I�� ��m� v�' exe�ut�ar� a� t��� Se�urity
<br /> lnst�umer�� tha�t int�rest �n th� Funds sMa�� be ���d �a ��rrower, and �anl�s� such ��r��men�c is
<br /> m�de vr appl�c���e !�w re�uir�s such i�t���s� to be pa�d, L�nd��r sha�� not �e requ�ired ta �ay
<br /> �arrvw�r any ir�tere�l; or earnir�g� on the F'unds. ��nder shal� gi�e to �3a�r��nr�r, w�thau�charg�, �n
<br /> at�nuai �ccauntin of th� F nr�� �hc��►in cr ' "
<br /> �g u g �d��s and deb�ts t� the Funds �and the purp�se far
<br /> whicM �a�h d�h�t tv the Funds was m�c��. Th� �'unds are �ed ed a� �dd�t�ea �l �� ri
<br /> p g n � u� ty f�r �he
<br /> sums ��cur�d �y�h�s ��curi�� �nstrument.
<br /> �f the amou�t o�the Funds ��Id �y� Lender, togetf��r w�th t�� �u�ur� m�nth�y �n�t�l�rmer�ts �f
<br /> Funds p�yab�� prior �o the due dates af tax��, as�essm�nts, in�uranc� premiurn� and c�rv�nd
<br /> ren�s, �hall exc��d th� amoun� re uired ta p�y �aid taxes, ��ses�rx�er�ts, insuranc� p�emiurr�� �nd
<br /> �c�urtd r�nts as tl�� fa[I du� �iac� ' �
<br /> g �y , �xc�ss sha�l be, at B4rrortver s o�t�Un, �Nther prar���ly �r�paid
<br /> tv �orrc�wer �r cr�d�'�ed to Borrav�r�r ar� ma��hly �ns�allments vf Funds. If�he arnvu��vf tl�e Fun��
<br /> held by Lender sF�a�l �at �� suffrci�n�to pay t�xe�, a��essrr�ents, in�urance pr�m�unns ��d gro�r�d
<br /> r�nts as t�ey fail du�, �3flrraw�r sha�l pa �o Ler�der any arx�aur�t nec��sary tv m��.e up the
<br /> ��fi�ien� in �r�� �� more a rrient�a� �.��n�er ma re ir .
<br /> ue
<br /> U on a n�ent �n fu�o�al� sunn� s��ur b� hs e u "
<br /> � p y �d y t S c r�ty �n�t�um�n�, Lend�r shai� �rvmp�ly
<br /> ��fur�d �Co Borrawer �n�► Funds h�ld b� L�nder. If und�r �aragraph �� hereof th� Prop�rt is sal� t�r
<br /> �he Pra er� is atl��rwtse ac �ir�d b Le�der, Lender �ha�� a�a 1 no �at�� �han Nmme��t�l rio�
<br /> r
<br /> to tl�e �afe ❑f th� Pr� ert o� its ac u��i��on b �.end�r r� Fu� � �
<br /> , . p � q y , � y nds h��d by �.ertder �t th� t�r�� c�'F
<br /> a p p l i�a t��r r a�� cr�d�t a a�r�s�t Me �un�s���ure d l� t l��� Secur�ty I�ts trum�r�t.
<br /> 3. �1► �i��t��n c��`�a m�n t�. Un less ap lica��� �ar�v rorr� es t�t herwi �
<br /> p p p p � s�, a l p��►m�n t s r�c��W��
<br /> � Le���r un de� t he �r��� �1 reement an d para r hs n
<br /> � 1 � d � h�re�f � ll be a� I�
<br /> ,y . � � p h�a pp ed b� L�nd�r
<br /> T��s� �� � ment a� �n�aunt� a able tv Ler�c��r � Borrower un er a
<br /> p y' p Y r y d p ragrap� � her�of, se�and, ��r�
<br /> th� ord�r L�nder �haa�es} ta ar�y f�nan�e �h�r es, �ther cMarg�s and caf��ction co�t� ow�r��, and
<br /> �hir� i�❑tl�e ri�c� al ba�ar�c� ��der the �r�dit� reer�ne� �
<br /> � � P � 9 �
<br /> 4. �r��r ��r�g�g�s ��d l���d� �f �`r���; �har��s; Lien�. Borrvw�r ��al� p�rf��rn �I� af
<br /> Bvrrvw�r'� a�figat��ns under �� rr�c�rtg�ge, d�ed �f�ru�t or vth�r s���ri�� agr��m�nt wv��h a lien
<br /> wh�ch has �i rit or�er �hi� �ecuri� '
<br /> � y � 1r�strument, �nclud�n� Bvrro�nr�r s �r��ena�r��s t� r����
<br /> p� rn�nt� w��n du�. Ex�� � ta the ex�er�t that an �uch ch r
<br /> y p y � ges or �rrrp���t�o�� ar� to h� pa�d ta
<br /> L�r�der under ra � h � ar�r w
<br /> a r , R a �r �h�11 �y vr caus� tr� b� a�d a�l taxes ass�s�rn�nts � d
<br /> r . . �
<br /> a�her ch�r es fir��� and �m Qsit���n� a�tr�b�a�le �o th� P r v �r t ��i v i�
<br /> � , p p y h h m�y atta�� a �r�or�ty �v�r
<br /> ���� �'e�u�r��y I��trument, artd I�a��h�ld paym�nt� or gr�und r�:r��s, if ar��. 111Jithin f�v� days after
<br /> �rt demand b Lender, Borrow�r shail �xhibit to L�nder� rec�� �s shor�vrn th�t al� �m�unts du�
<br /> u�tder t i� r � v ' � g
<br /> h pa a raph ha e been �a�c� �h�r� du�.
<br /> �, Hl�a�r� In�ut��n��. �v�rror�r r shali ke im . .
<br /> � �p.th� pra���ents r�c�w ex��t�n� vr her�after
<br /> ��e�ted an �h� Prope�rty �nsur�� against �os� �y f�re, h��ards ��cl�rd�d ►�rithin th� ter� "��tend�d
<br /> cv�er� e f�v�d� ar�d �u�h �the�r ha��rd� as 1.��d�r ma r� uire n in
<br /> g � �. q a d such �mvur�t� ar�d ��r
<br /> such erNads as Lender ma� re���re. L]nle�s Lend�r in �r�t�ng requires otherv�rise, tl�e pol�cy �ha�l
<br /> r�ui� insuranc� �n r� � `
<br /> p � a pla e�n�nt cost ha��s Nn� an ar�nount �ot �e�s than �hat nece�sary t�
<br /> cc��rtply vrrith any cvi�surar�ce per��ntage ���p►�lated in �h� h��ard insura�ce pali�y. �r�� ��e
<br /> am�unt �f carrera e �hal� b� n� le�� than th� M�xirnum �rinci al B�[anc lus t� f 1
<br /> � � � � p e �� �mvu��C vf
<br /> �ny lier� whi�h ha� pr��rity o�er th�s �ecurity Ir��tr�m�nt.
<br /> Th� insuran�� �arr��r pra�iding the insuran�� shal� b� c�o�er� by E��rror�r�r subje�t to �ppro►ra�
<br /> by �.�nder; p�rovided, tl�at such appr'orral shal� n�t h� ur��e�svnably wit�he�d. A�1 ir�sura�c� p�l�cie�
<br /> ar�d r�nev�ai� therevf sMal[ b� in a �Forrr� �cceptable �o L��nder ar�d ��al� �n��ude a standard
<br /> mt�rt�age cl�use in far�or of and in � form a�c�ptab��to L��der, Lend�r �Mall ha�r��h� right ta hald
<br /> th� policN�s and r���vti,ra�s the�r�of, �tabje�� ta��he ��rm� of any mor��age, d��d �'� trust �r othc�r
<br /> ���u����y agreem�nt ►�vith a I�en wh��h nas pric�r�ty v��r�hi� ��eurjty I�s�runn��tt.
<br /> in the ��r��t of I�ss, �orrower sha�l grrre pro�m�� notice to th� insurart�� Ga�rr��� and �.�r�der�
<br /> Lender n7a� rnak� praof of 1o�s if no� mad� p��mptly �y �arr�vrrer. 1�1� ir�surance proceed� ar�
<br /> h�reb� ass�gr��� ta Ler�d�r ��d shall be paid t� L�r�d��r ta the exter�t of ai! sums se�ured �y this
<br /> Sec�r�ty ins�rument, subje�t �v th� t�rms of �r�y m��t�a�e, dee� vf trust ar s��urity a reement
<br /> `►vith � �i�n wh��h ha� ri�rit �We� th�s �ecur�� Ins�rume�t. Ur�l�ss L��d�r ar�d � r c� r
<br /> otherwis� � r� in writin �ins �anc� �v��e �I� • a r vue
<br /> � � �, u p �s sh� �e �ppli�d to restor� ar repa�r the Property, if
<br /> it is ecv�amNcally feasi�l�to do so.
<br /> �f th� Property �� �bandvne� by �arrvwer, or `rf �vrrow�r f�ils tv re�por�d to Lender v�rMthin ��
<br /> days �'rc�m the dat� notic� is n�a��e� by Lender to 6orrawer �h�� the �ns�r�nc� carrier offer� to
<br /> s�tt�� a� cl�im �ar in�urance �en��it�, Ler�d�r is authar�zed tv c��[�ect ar�� apply the �r�suranCe
<br /> �r����d� a� L.er�der's �p�:iar� �i�Mer t� t��storat[an �r r�p��r �f the Prop�rty ar to �he sums secur�d
<br /> thi� ��curit �nstr� men�.
<br /> � � �
<br /> ENE9����
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