.
<br /> .
<br /> 2� 1 ��825�
<br /> If �orrowe� pays Funds ta Lent��r, the Fur�d� �ha�l be held �� an ins�itution the �ep�sit� ar
<br /> a��o�r�ts �f uvhich ar� �nsured �r uar�ante�d b a Fed�ral or stat� � �nc i�clud�� Lend r if
<br /> . . . . � Y � . Y � 9 �
<br /> Lender �s such an �nst�tut��n�. L�nder sha�l apply the Fund� t� pay sa�d ���e�, �sse�sn�ents,
<br /> �nsurance pr�miums ar�d gra�nd rents. L�nder may nat charge for s� holding ar�d ap lying t�e
<br /> Funds, anal z�n said acc�ur�t �r veri�F ing ar�d com i�it� sa�d asS�ssm�nts and ����s unle��
<br /> Lender a ��or�rawer in� re� on t Fyn '� � �
<br /> � � t �e u cf$ a�d a I���ble larrv erm�ts Lender ta make � �h
<br /> C�'1 r �r p�� I" 111! . , p� � � U �
<br /> � g vr a �r and Lend�r may agree �n w�rNti�t� at �he �rme of �����t�on of thfs �ec�rNty
<br /> �nstrum�nt tha� i�tere�t vn the Fu��s sha�l b� pa�d �� Barrow�r, and unles� ��a�h ��r�err��nt �s
<br /> m�d� ar app�icabl� law r�qu�r�� such �nter�st to �e paid, Lerrder sha�l nat b�� r�qu�r�d tv p�y
<br /> ��rro�er �ny �r���r�s� ar earr��ngs an th� Funds. Lender sha�l gi�e tc� I�orrow�r, v��thvut c��r�e, �r�
<br /> anr�u�l accountir� of tM� Func�� shc�vvin cr� i� �n d �
<br /> � �g d s d �b ts �a th� Funt�s �artd th� purpc�s� for
<br /> wh�ch ea�h de��t t� th� Funds �nras ma��e. Th� �'unds a�� �ed ed �s addit�ona� �� ur� �' r he
<br /> p g � ty a t
<br /> ��ms s�cured by this �ec�ri�y Instrurrf�nt. �
<br /> �f the arr�ou�t of th� Funds h��d �y Lender, tv��ther ►nrith tf�e fu�ur� man�hly i�st�llrr�en�s vf
<br /> Fur�ds pay��le p�io� ta the due dates of taxes, a��essrri��ts, �nsura�c� premium� and grvund
<br /> rents, shal� exceed the ��aun� re��ir�d t� pay said tax�s, �ss���rn�nts, �n�uran�� prem�ums and
<br /> ground re�ts as they fi��l d�e, �uch �x�e�s shal� be, at �arrc�v��r's o�tion, eith�r prom t�y r�pa�d
<br /> to �3orrow�r o� c�ed�ted ta �orr�►►v�r �n month� ��staflmer�t� of F'unds. lf the�r�nount v�th� Fund�
<br /> held b Ler�der shall nat I�e ��fficient �o a tax�� �s e��m� ts �ns r �c r
<br /> � p � r � � r � 4� e p �rn�ums a�nd ground
<br /> r�nt� a� they fal� due, �3orrower shall p�y ta L�r�d�r any amaur�� necessary tv make �p the
<br /> deficie��� ir� or�e or �nor� paym�n�s as Lender �ay require.
<br /> U on a rn�nt in ful� af al� s��ns �ecured b th�s S�� rit In�trurrie n
<br /> p p y y ta y nt, L� der shal� pr�nlptly
<br /> ref�r�d tc� �arro�ver any �u�ds held b� L�nder. ��und�r paragr�p� �� Mere�f the Praperty �s sfl1� or
<br /> the Pra e�t is other�r��� �c ��red h �.ender, Le�d�r �ha�f ap 1 no la���r th�n �mm�cliatei r�or
<br /> tv ��� s�i�o� the Pr� �rt �r its � u�s���o� b L�n r �rt 1Fpn r� � �
<br /> p � �q y d� , y � u d n�ld by L�nder at t�� t�m� af
<br /> app�i�at�an a� a cred��� a�r�st�he �um� ���ur�d b th�� Secur�ty lnstrur�ent.
<br /> �. 1� ���atian of �a ment�� L�n�e�s � Itc b�e �aw roWt e vth rv�ri
<br /> pp �r p� a d s � ��, a�I �aym�nts r�ce���d
<br /> � L�nder �n��r the Gr�d�t A r��m�nt ar�� ara ra hs ��nd � hereof shal! b� a �ed �. r
<br /> .� . J 9 P �p� b� �nd�
<br /> f�r�� �� aym�nt ��at�aunts a �ble to Ler���r � arr w r u
<br /> p p y y � a e r�d�r paragraph � h�r�c�f, s�cond, �i�
<br /> the ord�r�Lender h�as�s to �n fi a�ce c a� �
<br /> k � } y n h� g �, oth�r �h�r��s a�d col�ecti�� cv�ts aw�ng, and
<br /> thtrd t� t�� rinci al balar�c� und�r th� Cred�t A reemen .
<br /> � p p g �.
<br /> 4. Pr��� M�rtg�g�� �r�d L��e�l� a�f �'ru�t; Char��s; �.�en�. �ar�aw�� shall p�rfc�rrn all of
<br /> ���rvw�r'� ab�ig���a�s u�der an mor���ge, ��ed af trust ar o�he� securit� agre��nent with a li��
<br /> which has pr��r�t �rrer this �� ur�t In� r m n '
<br /> y � y � � e t, �nclud�ng �orrow�r s c�u�r�an$s �o rr��ke
<br /> p� rr�en�� �nrF��n due. Exce � tv th� ext�nt th�t an such �har �� �r �m si �
<br /> y p y g o t ons ar� t� b� pa�d to
<br /> Lender t�n��r ar� a h � B r w r
<br /> a r � r� � �ha�l � ar � u�e b� aid a�
<br /> P. � P . � . . . � y � to � � t�xe�, a�s��srr��r�ts and
<br /> o t he r c l��r�e�, f�n�s a�d rmpc���t�o�s a t tr��u ta�l� �c� t he Prvper ty w h�c h rnay �t��in � prio�i t� aver
<br /> �hi� ��cur�� I�s�Crumer�t, �r�d I��s�hvld pa ment� �r grc�u�r� r�nts, if an�. IN�thin fi�e days aft�r
<br /> r
<br /> �n de�an b l�ender Bvrrov►r�r �ha�l �x���it �o Lender r��ei ts �hov��n �h�t all ar�ount� due
<br /> ►
<br /> under�hi ara�a h h��e b�en ai vv p �
<br /> s p g p p d hen due.
<br /> 5. �i�z�rd �n�ur���eM �3orrc�we� shall ke�p the �r�npra�ements no►r►� �x�sti�g or��h�r�aft�r
<br /> ����ted an th� Pr�oper�y in�ured a�arnst �a$� �y� fire, hazard� i�clud�d withir� th� ��rrr� exter�ded
<br /> co��ra e " fla�ds a�d �u�h other hazar s a� 1en�er m� r ire
<br /> g �, � �. ��u a�d tn ��c� arr�aunts �r�� ��r
<br /> such er�Q�s �s L�nder rr�ay requir�. Un���s �.ender in wrrt�ng requ��e� ot�e�wi�e, �he pa��cy shali
<br /> ra���e insur c� � r l '
<br /> p �r� n a ep a��m�nt co�t bas�s �n an �rr�vunt nat les� than that n��essary ta
<br /> ��mply with ar�y �c�in�urance per���tage �tipu�a��d �n �h� h�z�rd in�urar�ce p��ic�, and th�
<br /> a�our�� of co�era e sha�� b� no ��s� �i�an �h� IVlax�mum l�rin�i � �alance I f
<br /> � ' � p� p us the u�l arr��unt �f
<br /> ar�y li�n w��ch ha� pr�vr�t� o��r this �e�ur��y Ins�rum��t.
<br /> The ir��uran�� carr�er pra��d�ng the i�sur�nc� s�al� �e �hos�n hy��orrt�v��r Subject to appro�al
<br /> by �.end�r; provided, th�t such appro��l �ha�l nat �� �r�rea�v��bly witht�eld, A�I �ns�rar��e pvltc�e�
<br /> ��d r�r��wa�s th�rec�� shall �e �r� a farm ac��p�able tc� Lender and shafl i�clud� a standard
<br /> martga�e claus� �n fa�o� �f and it� a form acc�p��ble tv Ler�der. �.��d�r�hail have th� r�ght to �a��l
<br /> the pal�c��s a�d re���als therer�f, subject to,the terms of �ny mvt�gage, d��d �f tru�t �r c�ther
<br /> ��cur�ty agr��rr��nt w�th a I��n wh�ch h�s privr�ty ove�thi� Security fnstrur�en�.
<br /> �n th� eWent of lass t3orrow�r shal� ir�e ro� � nat��e ta �he insuran � carr` L .
<br /> r g � p � ��r �nd �nder
<br /> L�r�c��r �ay make proaf �� Ios� if �at rnade pramptly by �3orrav�►er. AI� inSt�rance praceeds ar�
<br /> ����b� �sstgn�d to Lende� and sh�l! be paid t� L�r�der to th� �xtent of a11 sum� ���ured by th�s
<br /> Se�t�r�ty fnstrumer�t, su�ject t� the terms af �ny mv�ga�e, d�ed af �rust or �ecurity agreerr��nt
<br /> with a I�er� vv�ich has r�orit arrer t�i� �ecurit It�s�ru�n�n�. L�r���s� L�nde� ar�d Barrar�r�r
<br /> othervvise a r�e i� writ�n p in�urance r�c�eds sha�l�be lied to r s r
<br /> � + g, p a�pp � tvre �r �pa�r the Prap�r�y, �f
<br /> it i� �cvnom��ally f�as��le to do �o.
<br /> �f the Prvperty �� abandvn�d �ay �arrvw��, ar if Bo�rra►�v�r fa�ls �o respond t� Ler�d�r v�ri�hirt 3D
<br /> days ft��rr� the d�t� nvtic� �s ma�led by L�nder tv �3a��ow�� t�at the �nsurance �arr��r offers �o
<br /> settle a c�a�m fo� �nsurance ber���ts, Ler�der i� autharized tv �ollect and apply th� ir�s�ranc�
<br /> �ro��eds at �.er�der s r�ptiar� either t� restar�t�on or repair af the Prvperty �r to th� sums secured
<br /> thi� �e�urit �nst�u�ne�t. �
<br /> J� Y
<br /> �NE998�e
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