2� 1 ��84�3
<br /> Le��er may,at �n�r tin��,co llec�and l���d�`��s iri���unt ����u--�f'�����t t�p�r�m���,�nd�r to a��l�r t�x� �und�
<br /> a�th� t�rrxe sp�ci�ied under RES�A, ar�� �1��r��t t� ������t���axX�un�a����t a�e��er�an re�uire ur,der RE��A.
<br /> �,����r s�al� est��te the arr�o�t� of Funds ��e ��,t�,� ���i� �f�rr��t �t� a�d reaso�abl� es�ar�ates of
<br /> expe�d�tures of�t�r� ��c�r� I�ems�r�th�r���� ������r��nce �r��h A�����ai�le �.a�cx�.
<br /> Th�Fu�ds S�a���D��eld �a�i�stltutl�� ���s� d������� ���xx��u�'�� i�� a fe��r�l age���, x�st�ime�tali�, o�r
<br /> ent�t� ��ncludit�g Le�d�r? �f Le�d�r is a� �����t��i�� ����� �����x�� �r�so ��sured� �r��a�y F�der�l �ort�e Loat�
<br /> �ar�.L����r s�Za�I a���� �e Fu�ds t�pa� t��E���i�r�a�n� 1������a� t�Ze t�me s��c��e� under RE��A.
<br /> L�nder sball ��t Gk�arg� Borro��r��x h�ldi�� ��� a�����g th� ����, ar�nually ar��z�ng t�e e�cr�� accour�t, or
<br /> v�rif}��n� t�� �s�r���r items, �nl�ss �,e�der���� ���~r��r����r��� ��the�un�s a.�d A��l�cai�le �a.�pe�i�
<br /> Le�der�o rr�ak�suc� a ck�arge. �Tt�less ��gn��rx��t ����i��i�i�g �r A�plic�.i�l� L�.�re�u�r�s ��texes� to he
<br /> �a�d o�t�� �unds? Lend�r shal� r�o� be���uire� �������rrnwer�n� i�t�r�st or�arni�gs o�t�� �'u�ds. Borrn��x
<br /> a�d �,er���r can agx'�� �r�r�r�t�ng? �Zo�ev�r, ��t x�t�-��� �h�l��e�ai���t�e �u�ds. L�n�er s�al�giWe t� Bnrro�ve�-?
<br /> ����o�t c�arge, at�a�r�ual a�cnunt��� ��'��� k'ur��� a� r����r�� ������A.
<br /> I�t�e�'e is a surp�us of l���ds ��Id �n��cr���, �� ��'in�����` ��P�, I��nd.er sha�l ac�aun� to Borro�r�r for th�
<br /> . excess fun�s i�accorda�ce ��r��R���A. If��-� i��s���t��� ��F�n�s h�l���escro�, �s def�ned ��der RE�PA,
<br /> �.e�d�r s�a�� �otif}� Borro�e�as r��uire� h����A, an�B�rr�w�r sk��l�pa� t�Len�.er��e arr�ount necessa� t� �
<br /> make u��e s���ag� in accorda�c� �it���FA? hu� �n� n�o�e tk�ari 1�rn�nth�y �aym�nis. �f t���� is a.
<br /> ��ficie�c� of�una.s he�d in es��'��, �s �e�'��� un��� RE�pA, L����r.�hhal�n�t�f� Bor�-��er as r�qu�xed b�
<br /> R���A, a�� Bor�o�re�s�a11 ��� ��������� ��unt necessa� t�rn,a��rx� t�,� ��fc���c� �n accord�.�c� �-ith
<br /> R���A, i��t �n no �ore��.n 1����t�il� ���rn�r��.
<br /> L���n payme�t ���� �f a��surx�� ����d i�� �his �e�urit� �nstr�r��nt, I�����`sk��I�p�'o�n�tly �e�und t� B��'���'
<br /> �riy Fu�ds k�eld �O�r �.���-.
<br /> 4. �t��rg�s; Li�ns. B�rr���x��al���� a�l t�es,asses s rnents, c�a�ges, fi�s, a�d x�n��s�t ions a�trib uta�O�� �� th�
<br /> ��-���rt� ��uc�ca�a�a.� ��r�t����r t�is �ecuri� �ris�rument, leas ek���� �a�m��ts ���xou.n� r�n�s �t����
<br /> ����r�, �f an�, and ���n�-nu�it�A���ci at�o� D�es, F ees, and Ass�ssr�erits, �f���. �"��e exte��th a� �����
<br /> �t�m s���Escro�v Ite�s,B�rr����'s�al��ay th�m in the ma�a�e�'�r�v��ed ���cti�t� 3.
<br /> B�rr�v��-shal���'�rr��tl� ���c�g� any ��e��h�ch has p�vrit�v�r�r t�is Sec�rit� I�st�un��t �less ����r�'��a�
<br /> a�r��� ��r�t�ng to th����rx��t�t ��'�e oh�iga��o� sec�r�d �y�h� li�n��a�n�ner acc��tab�e � L�r���-,�u� vnly
<br /> sv lo�g �s��rro�������rf�rrn��g s�ch a�r��n��n�; (h�contests t.�e ��e�i�g�od fa��h��, ��-d�fe��� a�aix�s�
<br /> enf�r�e�n��� ��`tk�� 1��r��n,��g�l p��eedY��s ���ch�n�,enderTs �pit�i�� �p�rat� to �-e�r�t �� ���`��'��rx��nt of�e
<br /> �ie��hile t�,��� ��vc��d.�ngs are p�ding, �ut o��y�nt�l such ��a�eedir��s a�e c����ud��; ��r�c�s�cu�res f��n the
<br /> ha Ide�r �f th� l��n ax�agr�e�n��t sat�sfa��o� ta ��d�r subvr�i�at�n� the �i�t�t�this ��cur�t���tr�ne�t. �f
<br /> L�n���d�t������� t�la� ai��� ���t o f th�P ro�ert�� �s s�����ct �o a�i�n�,�,��ll C�1 C�YI 1�di27 �]�O I��O�T���lf S S�Ctl�l�r,
<br /> ��str�m�n�, L�nd�r rn�a�g��re�or�-o�cr�r a notic� i de���f���� t�e 1 i�n.1J��th�n ��days o f th� ciat� nn�hich tk�at
<br /> na�ice i�gi�r�r�, B�rr�v��r shal��at�s f� ��Ze 1�en or�a�ce one or mor�of�e act�o�s s�t f�h al���r� ��h�s Section 4.
<br /> �. P ro p er�� �11�u r�11�e. ��rro�er s�a�l�e.��the im�rov�me��s na�r ex�s��n� or h�reaf��r �r�ct�� a��� �'��ert�+
<br /> �s�� ��a_ins� los� ����'�}hazards �nc�ud�� �ith�n th�te�rn"exte�de� c��re�a�e,'� ax�� ��� o�h�r h�z�r�
<br /> inc�ud��g, �ut not l��t�d t�, �a�t���ake� ar�� floods? fnr�k��ck�Le�d��requires ���urar�c�. �'his insuranc� sk�al�
<br /> ��n�����a���d ��th� ��u�ts ���c�u�i�g d���ct���� ��v��s� and ���'t�e p�rio�s t�ia��e���r��u�r�s. �k�at �.���r
<br /> �-��u��-�s �u�'suant to tk���r�c�d�� s�nt�n�es can �han�e d�ing the t��rn o��h� L���.�'h� �nsura�G� ��ri��'
<br /> �vi�r�� �he ��su�anG� sl�al�h�c��sen h�B�r�-��er sui��ect t��end�-'s ri��������ap�r�ve B�r���v�r��c�,�i��,
<br /> �r�i���i g�t s h a�� �ot h��x��c�s���a�r�asonai�I�. �et��er may re�uire B�r�-��r��-�����, �n co�nection �v�t�t�i s
<br /> L�a����t���-: �a�a one-t�rn,�ck��r�� f�x fl���z��e�ete�rn�nati on, cert���a�nr� �n��ra.�ki�� s�rvic�s? �r�������-
<br /> t�rn�c�a�-ge for�1ood z�����t��at��n �nd c�rt��ca�€on s�rv�c�s a�� ��������z�� �k�ar�es ea��x �ir��
<br /> ��a��ngS or sirn��at.rch�.n��s �cc�r v�k��ch�'�asona�l�r mig�it af�'��t�uc� ��t��ina��on or c�ri�fica��o�. B�rr�v��r
<br /> ��a�� a�so b�r�s�ons�bl� fox rr���a���� �f an� f�e� irn�os�d i��th�����r�l �rr��rg�nc� Manag�r���t Ag��c�
<br /> �n���n�ct�o� �ith th� r��r����`�n��1���z����et���a�ion ���u��i�� ��m a���jectio� by �orno��r.
<br /> FHA�ee�o[Trus�-N� �l3��2��4
<br /> B�t1k�r��ySt�11S'"VM�� 1f��IP�4R�NE� r�5(Ffi�,�1
<br /> Wolt�rs Iduwet�inan�ial Se�i�ces P�g�S af 14
<br /> ���41�7����,��-11.���.��
<br />
|