i '� -•. �'rJ -i� • -� ..,.:.�s� _ _ - — �---
<br /> ' _ .J.�` . ��� • • . . � . ��- ' .• . .� '. ., Y_'. .
<br /> �, • TOCiE11�A,N(TH �I tF�6�prov.a�n1.na�,a h�..A�r wo1�, on 11N I�roP«4►�and�.M«e«q��+�Plpr'���.nd �. —
<br /> �M now a MwI1�r�pA d iM•p�opM�r.M nPM��r�d�a N��la W aov��d by thM f�a�M�l Mw�wM.
<br /> N M 1M IoipoYif M nNn�d lo In Wa awuMll�R�1M•�ro�ryl.' '�
<br /> �011l10�NER COVENANTY MiM oonnw�r M Yw1�Il►�NW M IM sM�M Mr�l►aa�wYb and h� fh�dplM b p�n!�nd
<br /> w�d�Nnd��th�M�b tlN�piMt�ind d�Mw�d�.�ibJ�at lo Mf►�� d noonl.�an/
<br /> - � Eci�ItY�ft�lN�liT �r u�Yaw aorw�. ia n.iioiMi uw .mi �w�an� awsiwrts wRh . . _ ;
<br /> - ---- -
<br /> - - 1�nMd YaiWoos bp MMdt�!o aotatlWM�u�Mo�m uaAy�M1ru�M oo�rwMq ntl ProP�Y� •
<br /> WrIFORAA COYEN/Nt19. 8arovrr�nd Lw�dR oovwwnt�nd qN�s 1olowr.
<br /> 1.Paym�nt d PMnolpd �nd Ihbn�PnP�ym�ht Ntd Lat�CtwpM. eortow��1W qa�,�y phr wh�n
<br /> dw th�pi�olpN d�nd MwNI a�tlN d�hl wldno�d bp tM NoN�nd�ny pnp�ym�n!�nd IM�W+ras du�w�A�r IM
<br /> Z.Fwlds M►Tlot�i�IId Il�w'allc�.8ubj�ot b�ppio�M hw a to�wtM�n w�kw b1►LM�dw� Bortowx s!W p�y
<br /> to l�nd�r oe tM d�li��Y I��w dw undK tM Not�� u� th� Hoh M pi!b iu�.�wm('Fund�y br. (y�rIY
<br /> Ww�nd awtwnw�ts whid�nrY � P�Y o+rK Ws 8�owNY in�lrui�nt as�M�an tk�PropwtY N)!�N��
<br /> p�ynwM�a�ou�d�nb oe th� PropMb. ��nY: la)Y'�N�a propMly In�ur�w pnmN�� (d)YwN bod hrunno�
<br /> prMnM��N mY:(�)Y'�Y�PP�P����Y�(A�U�V�Y�+M bY Baraw�r b Lw�dw In�000►d�no�
<br /> wMh th�P�Mic+�s of prra�nph e. Y�Mu ot th�paynwit of rnat�p�hs�D�'*� Th«. kwas w o�Md 'E�aow
<br /> it�nn' I.mdw msy, �1 a�y Nme. ooMct �nd hdd Fued�tn n�mt not to iacoMd th� �m► �rnaml a IM� Ior�
<br /> Ndw�Ay niet�d maip�sp lotn m�Y nquM� lor Barow�'a Manow a000unt a�d�r th�toebr� RMI EqW 8MM��t R+oo�diwa
<br /> Ad d 1W4 u�n�e+d�d fram tlme to tkn�, 12 U.S.C.,260f �t �p. ('�A�I• �+ �� � � ���O� Fund�
<br /> sMs�Mu��nawq. �tl so�Lrndw m�ry� at�ny d�na,oolNat md hoid Funds b�n�t ed to aoMd th�bst�r �mount
<br /> � L�nd�r may�Ihe �ihount a1 Fund� dw oo tA�ba�M of artad daa�nd�san�bN wtlnMt�ol�o�ndlurM ot tuwx�
<br /> Eaaow Iamt or ofhwwp�In�000►da�ce wlth�ppMo�bM 4w.
<br /> __- 7M Fun�M'shal bs h�W b�n InslquYon wl�dpwlh�n Inwnd by�bdrral apwiay.k�0un�t�tY�ar entNfr G�d��O
<br /> _= LwMw.M I.�nd�r M�tt4h�n hstlwtioh)w ti�►y R�d�ral Hom�Lo�n Bank. L�nder�IW�pply th�FuxY to p�y 1M E�orow
<br /> �� ' (lant.Und�►m�y nol ehntpe BoROwa la holdnp�nd�ppylnp Ib�Funds.�nwb+ndlr�p dN Morar�ooauit. a r�My1n0
<br /> th� Horow IiMra. unfeo� �w�r prya Bortow� q►tarast on th� Fund� iuM NppBaable kw peimNs Lender to meks suoh �
<br /> . oiwy�. Howev�r� Under nuy nquk� 8a►owK W pry a aN-tim�eh�uy�for an independmt nd esWa!aK ropeulh0 twvla
<br /> � uud by Lende► In �lon wlth Ihts loan, unl�u �pple�bM I�► Provld�a olheiwlN. lN�tas �n��narmt b m�de or
<br /> �ppMo�t�Uw tiqutna Int�rNt to b�p�ld 4nd�dW nW b�nq��tnd to p�y Ba►owr�rry Intaeat a Mmin�an Ihs Funds.
<br /> ��', Bartoww and I.widr rnqr apr.�In wrilhp. howw�r, Ihat Nt�wt slwq he pald on th� Funds. Landrr aMp pNa W 8orrower,
<br /> without ohanp�, �n aiu�yd�eoountlnp of th�Funds, shovrMp cndils�nd d�bits to th�Funds�nd th�pu�poae lor whEoh Moh
<br /> h'� d�ON to th�Funds wu m�d�. Th�Fundt an pMdyed�s�ddiGo�l a�Ity lot d wms ��ow�d by th�8eat►NY InaUum�nt.
<br /> N Ih�Funda hdd by L�nder�otaNd Ih��tr�ounis p�milll�d la b�hdd by�ppNcaW�I�w. UndK�MN ravount to Bortow�
<br />-� • tor lhe a�toea Fund�In�oaordmc�wilh ih�t�quhments oi�p�ila�bN I�w•tl th��mt ol ih� Fund�hMd by Lw�d�try
<br /> Um�M not sul�nt to p�y ih�Esoraw IlMrn wh�n dw, Under m�y so noqy Borroww in wdtlnp, �nd In�uch o�w BarowK
<br /> - sM1 p�y to L�nd�r tha amount n�aswy to m�ke up th�d�Admay. Borrowu�h�1 m�k�up th� dMohnay In eo mon than
<br /> tw�lve mon�hN P�Y�!MU,�t UndK'�sot�dw�tbn.
<br /> -_ ---;�---- �P�� Wl��.In lul d �1 swns t�aKM bY Ihb �y Instn�n�M. L�nd�r shM promply rNund to Bortoww�ny
<br /> ---�.'�..�ai�'t�;„.. ` Funds held by lendar. II� widK puaOnPh 21. L�nda sh�l aoquin or sM th�RopMly.Lmd�r�Wb►to IM woquhNlan or sd�
<br /> b,�r�.�A���..,�, of Ihe P►opetty. .h�l wpply�ny Funds Mid by Und�r n 1M tYns oi �oquWtbn a�ab u�a�dM�pdnst th� auna srow�d
<br />'..'�' ' �v.�f � 'q;t by ihlsa.a�xy W13UINr1MIL
<br />-i'' "��'�>'�+��5''f 3. Applie�tton af Paym�nb.UnM�s applabb Y►w p►ov{d�s othuwbe. M p�ymenU noelved by le�� under
<br /> .,��;.4�"�_:?' �+'� , parapapM t�nd 2�hd b��PpY�d: Ilnl, b ury pap�ynrnt oh�rp�s du�und�r th�Not�: �eoond.to Mmouet�p�y�bM undw
<br /> }.�.<;,:.: - .:.:�= P�O�+�Ph 2�thkd�lo Mterest dwt fourlh�to piM�dpM dur,rid lu�to�ny Mt�ch�►y�dw und�th�NoU.
<br /> �;�,•:�: � . ;': 4. Ch�r���: UY11�.Bartower shw p�y�N quns� �s�a�nbnts. oh�r0�+. lnei�nd hpo�Nlons �iMiiwhWe to th�
<br /> �-„�•,�:.: ... -.` prop�rty whbh m�y atWn pdoiily over thls Sewrky Instnxnent, �nd IMS�hold pnymw�ts a y�ound ronU, H�ny. Bortoww
<br /> .,�.,.� .. ,. ,.,t;, -
<br /> ... . .;.,r,, slul p�y fha�obNp�tlans In th�mmner provided in puayr�ph 2� a B no!p�W In that m�nnK� Bomow�r si�py tMm on
<br />— ��,; . Ume dinatlp to th�p�rson owed p�ymanL 8orrow�r sl�promptly lumbh to lander�N notic�s of�moueU to bs p�W undw
<br /> rM, ,:�.�,,.�..,,:,..,�. thb p�raaaph. N BoROww m�ka tMs� Paymants dHaUY� Bortow�r �hal pramplN tumbh to L�War rowlpts �vWmdnp
<br /> � . : ... •° tfw p�ynNnte.
<br /> :, '� . . . Bortow�r sha�prompty dlsoharps my Yen whloh has pdorUy ov�r lhis 9eourily Imtrum�nt unlas BoROwer. (�) �praa -
<br /> �r ytri��1?x�•��r WYmad ebYp� �oo�P (b1 aontats In
<br /> ;'�., In wrNY�p to th� o11h� Uon a�ound by Ih�Wn In�m�nn�r tobM to I.w�da; good iWh iM
<br /> ' �'�' Yen by ot dN�nde�palnst antoraam�nt o1 the pa�In, leyd proaeadMipa whloh In Ihe Lendx'a opliAon openta to provent
<br /> r :' .v.
<br /> • •�`��;���' ths anlorornwnt of Ih� psn;a(o) eaauns ham the h►�We► d ths Yen �n aqrenment edlshotory to Lender wbordnathp the
<br /> • .:- �,���:�
<br /> , � pen to thb 8�anily InsYum�nt. U L�nder dMamines 1h�t any put ol th�Property b subjeat to�Yen whlch mry atlNn pdorily
<br /> • ''�`;i2�:iS;' : owr this S�aurily Imt�wnent, Und�r nuy pNe 8or►ower� noUce IdenWyk�p Ihe Nm. Bortoww �hal wtlay Ihs iM� a Wa _
<br /> +'{�'•�� � on�a mora oi th��aUon� ee!lorth�bow wNhin 10 daya o1 ths yhrhp of notlae.
<br /> �"^� 5. Hwrd or Proparty Insur�ne�. 8or�ower th�A keep ihs Wnp►ovanenis now �xlatinp a here�iter eretd�d on ths
<br /> �""'`" ., Propaly inaurad p�Y�at bss by Are,hwrds Inciuded wHhln !h�tenn '�xla�ded coreraye' �nd�ny other hwrdt, {naludinp
<br /> �:. ' ... Aooda or Aoodinp,far whloh L�nder roquiras inaunncs. Thls intw�nw shW bs m�Yd�ined N Ih��mounte�nd br Ih� pabds
<br /> -, 'c�;c•` � tlud L�ndK nqukp. Th�inwnna�c�rtier providinp Ih� Msunu�c�eh�Y b�ohoaen by Bor►owa wbJsat to Lmdr'�approwl =-
<br /> ,. whbh�h�N oot b�unnuauby wNhheld. N Borrower lds to mdnWn oov�npe d�scdb�d�bow, l.�nd�► m�y. �t ��nd�►'s
<br /> m
<br /> _. . �� • � opqon,obWn aov�npa lo protenl Lmder's dphta tn iM Propsrty h�ccordmoe wflh pu�gnph 7.
<br /> ` • A1 Insunna� poNd�s �nd ronewds sMl be accapteble to Lender �nd sh�N inolude■ shndud maty�ye ol�ute. Lendw
<br /> 'F� _ `� ' sIW IMVe Ihs elpht to hotd ths polioles�nd renewals. 11 Lende�►aqukes. Bortow�r�h�p promplly yiv�to lender d naey�ts ol _
<br />- a ' �,.,,� ;., �,.�:;� pfd premiunu �nd ronw+d noUces. In the avent ol bea. Bomow�►shaN qNe prompt aotk�to Ih� (nsunne�anNr�nd _
<br />_ •.. "`'`�,� L«�du.Lend�r rmy mak�proof of bae q not m�ds promply by 9ortoww. _
<br /> ,� �;.;.., _
<br /> i;.;��. ,�•;`��c �� Unleas l�nda�nd BoROww othenvls��y►ea In writinp, in�urance prooe�ds �h�q be oppQed lo rettorotlon a �p�k o} -
<br /> ,;,;�,;:;,;�•�'�•.;:'•. ... the Propaiy d�nwipsd.M lhs nstanUon a repak b econort�py fe�albte �nd Lende�'s aaourNy ia oat Isss�d. If th�
<br />_ .•��:t;�•;�F�;.,>>��•.?;;;;:��� n�tantlon a ►ep�k !s not �oonomlwly tenibta a Lender's eecu�i�r would bs la�en�d� tM tnsunnos proc� sh�l ba
<br />' +�:.• . . .; '�;t1.;. �ppY�d to th� sumt s�ourad by thb 3ecurily Instrumant, whathe► a not th�n du�. wRh nry sxaws paid to BoROww. II
<br /> � •,'�������•� Borrowa �ndons th� Propaty. a does not enawK wNhln 30 d�ys a noUd ham Lender Ihpl the tneurancs artier fwa
<br /> .;';�`,:;,�,:.
<br /> :,,,,;;,;�;: oMred to atW •cLYn, lhan Lender may aoNect ihe Insunnce proeeeda. Lender m�y uee the procaede lo �ep�tr or
<br /> `. � ;:: �:i� roriore Ih� Propeity a to p�y wms t�cued by thla Sx:udly Inst�um�M, whNh�r a not thm dw. 71ro 30�d�y pedod wIN
<br /> b�pin wbm the notloe b piv�n.
<br />.-.`,�.-K. b ,�. �.. �- Unlas L�nd�r uid BortowK othMwia �yrae in wiNY�q� �nY �PP�+Qon of proeeMs to pkuip�l ahaM nol admd or :
<br /> po�tpons IM dut d�t�of Ih� moMhy payrn�nta roleR�d to in puapnphs 1 and 2 a chanp� fhs MnouM of ths
<br /> �� ' � p�yments. II under panpraPh 21 th� Prop�rly �s �cquMed by Lmder, Bortower's �ipht to�ny Insuranc� pollda�nd proo�eds
<br /> r�sW1Y�o bom d�maa�to th�Proo�A►�rlor to iM .cqu�lon sfW Wss to Undar to th�pclmt o11h.•um�by this 8�owily ,
<br />: `� �, Intlnxn�nt Nrrnadi�Uly pior to IM�cquldtion.
<br /> � � � 8. Oaaup«noy, Pr�s�rv�tlon� Malntan�na� �nd Prot�otion of th� P�op��ly; 8orrow�r's Loan
<br /> _; , Applloallon; L��holds.Barower �haM aaaupy, est�bYah. �nd uw th�PropMty as BorrowK't prinolpY r�aM�nw �
<br />— .. .. wphhtn�6dy d�ys�Rr IM�oc�cuUon ol lhls S�curUy Inetrum�nt�nd shal eontinw to ooeupy th�FRopwty��Bortoww's prN�dpal
<br /> _ �r�•��-_:�.t,= .. au
<br />�� - mideno�for�t i�st on�y�u�i1a th�d�te o1 ooaup�nay, unkss Lendar oth«wis��pree� h wriUnq, whlah oons�nl aMM not
<br /> <..-.����-T-- ----_ . be umeaonably wllhhtld, a uMese exl�nuallnp draumataneee exlet whbh�re beyond Bonowe►'e oonlrol. Bartower sh�N nol
<br /> -_:� � �� dnUoy. d�p�a Impdr th�Prap�Ay� aAow ih�Prop�ly to d�hrbral�,ar oa�xr�l w�d� on Ih�Proputy. Bonow� �hW b� ;
<br /> � • ., b dal�ult N�ny foMdtun�ntlon or pmo�inp. whelhw dvil a aMnbd, b bepun that N L�ndar'� pood Idth�udpmsnt aoutd
<br /> � rowk In totl�ilun ol th�PropMty a othwdt� rn�t�rl�y 4np�k Ih�N�n an�bd by tMe SeowUy Inehwne�t o�'s s�curiy
<br />_ � --'._. :'� ;,� R,a,�.urw c+o�► aw.�a e ' `�Z—
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