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<br /> : � • 94-i00840 �--_
<br /> . .�� • ' TOOETHER WRH �N th� improwm�^b now a hMa�Mr �nof�d on Ih�proP�1Y.�nd�A ManMnb. aPP��w�M� �nd �...uF..-�__
<br /> "':�;�,,�;;.�;4;:..� .� . Podun� now a h�1br a P�of Ih�propwty.M n01�a�tb�nd�ddltions�h�ll Wo b�oovend bY Ihk 8�awqf►M�trum�nt �----
<br /> • � AM of th�(or�poYW N�aNrrrd to b lhM S�ourMY Instrum�nt��tl»"Prop�rty.'
<br /> BOF�IONfE'R COVENANTB tNt BarowM N I�wWA�r Wl�d of th�Mt�t� h�y oonvhr�d �nd hu th�riphl to pnnt and
<br /> ._,� :� oomr�Y 1M Proprty�nd thu th�Prqwty k wMnaumh�nd� �Pt la �noumbnnoM of naad. Barow�r w�rt�nh an0 wM
<br /> � ` dMM1d�tM tkN to iM PrOp�ty ap�h�t d ol�Mis�nd d�nwndb wbJ�ot W�ny wlownbf�noM Of h0ord.
<br /> .�..,•.,� " � .:-._
<br /> �•� THIB SEGURRY IN�IAUMENT oombY»s unMam aovrmnit la Mliond uw �nd nort�uniform o�wn�na wlth WnM�d
<br /> ', � • , • ."'� w�tbm by pui�dbtbn lo oon4tMuM�unNam�turiry In�trum�nt oowrin0��P��Y� �
<br /> ��.,� UNIFOF�A GONENANTB. Borto�w�r and LMtd�r cown�nt nnd�pa�u foAows: :,-.�=-;n��.
<br /> � a � � �� � � 1. Paym�nt ot PrinolpN and Interest; Prep�ym�nt�nd Late ChK���.eoROw.r�nar aomp�y a•r wn� �-1-
<br /> - �,'-• " � dw tlw�r�oIpd of lu�d InD�n�t on th�d�bt�vidMio�d by ih�Nol��nd�ny pnp�ynMnt�nd�a oh.roa dw unaa�n.Noa.
<br /> _ . T_.:��;_.- _ �:, . ' 2. Funds tor Taxe��nd Imu��nee.SubJ�Dt to appYollbM I�w or to�wrklM�w�Mr by LMIdK.8ortowM af1�N p�� —
<br /> ' ,,. •: . , ro unwr an tn.ar monmN ar�+� •r.dw untMr th�Noq�un1A th�Not�a p�id In N�.�wm('Fundt")for: U)Y�A' c--------�
<br /> y.,.�. :f-,:°;:�;�h�:,r;. WM �nd as�i�nNnts whbh rtl�y �tnin prbrNy ovM thk S�ourtiY InspumMll �s � Nln on th�PrOpMfy: N) l�M�b IMNhob
<br /> ,.... n`..r�� .. ...
<br /> ,1� ?i��::'� ,.,:�;,„'''� p�ymrnq a ptound�t� on tM PropMty.M�ny: (0)Y�M ha�ard or prop�rb Mwnu►o�P���:(d)IrMdY Ibod Inwnuw�
<br /> — tf`::;• . � promlumt.N�ny:(�)YM�b�� htunr�pnmMu�a.M�ny:md(��ny surtK Wfllbl�by BortowN W LMid�r h�ooad�no�
<br /> �,j;�::•• �� �.�,,¢;;: wllh tM provkbns of pu�pnph S� In A�u of Ih�p�yrt�nt of mortp�p� Inwnno�pnmlunn. 7MN M�m� rn o�INd "E�arow
<br />' �, e:. Iqm�" I.aidK may. U luty tYnr, ooYot �nd hold Fund� In �n nmount not to�oaOMd th� m1�M�Mim�mounl • I�ndM 1a � _.
<br /> ��Y,�,���, " Nd�np�r nMt�d malp� lotn m�y r�quw la Bortow�s Norow�aoount unda th�Nd�nl RMI Bst�a SNII�nNnt Proo�dww =----�
<br /> ^ Aot ol 1�74 as anwnd�d Nom llm�to tim�. 1Q U.B.C.��60t M nq. ('F�BPA'!, unM��anolh�r �w IMI UppMn ro Ih� Fund� �-:`���;,=�,.
<br /> �l�i� . .. . - -• ._
<br /> . �_ • sq� � IKN► �mounL II�o,L�nd�r mtY.u�►�M�oOM�of �nd hold Fund�In �n�mount nol lo�oMd Ih� INNr unounl. �
<br /> r L�nd�r rtwr plim�a Ih��mount ol Fund�dw on th�buN ol ournnl d�N�nd nuon�by ptnytM of�ndNurM ol lulun
<br /> � H�orow It«m a othuwiw In�aoadu�a wMh�ppNoabl�yw. _--
<br /> . `�'f .^- ." f. TM FYlld��h�1 b�hNd In �n Nftltutlon whow dqo�N��n Nwnd by�I�du�l�noy, 1n�aum�nt�INy,a�ntNY(�4dlnp _
<br /> , .�. . 6�nd�r, N Und�t M wOh �n hattutlon)or h ar�y F�d�pll Hom�Lo�n 8�nk. I.�ndn�haY�pPb tN�Fund� lo paY th�E�arow - --
<br /> ` Ihm�.l.�ndu nyr not oh�rp� eortovwr ror hoWhO �d aPPb�th�Fund���nnwNY�b�tM acrow�000unb a v�rWMq --=
<br /> ' • � ,..` lh� E�aow It�nu. unlps LMid�r p�ri BortowM htMMt on th� Funds md �pplb�bM yw pNmk� Und�r lo m�k� �uoh � y..;
<br /> �� - • ohup�. How�vM� und.r m.y �r. soROw.r a ar � onMYno oharq lor �n hd�p�ndlnt rNl hqN Wc nPorlkp MivlC� ��.�.
<br /> � �� uwd by I.�ndK b conn�oUon wMh thls brn, unins �ppYo�bM rw provldp olh«w1N. UnWS �n �prMn'wnt N ma�M a I
<br /> ' �ppNoabl�4w�quY�s Int�t to b� pNd,L�ndM sh�A not b� rpuir�d to p�y BOrtOwM an�tnhnst ot�amNp�an Ih�Fund�. ` : �
<br /> .. Borcow�r and UndK m�y �pn�b wrilh0� how�w►,th�t ht�nst ahdl b� Wld on Ih� Fund�. Und�r sh�A plv� to 8ortow�r, '
<br /> � wNhout oharp�,�m m�wl�aoounlhp of th�Fundt, �howinp cndlt�md d�bit� to tM Fundc �nd tM purpoN fa whbh aoh �,,�;;��:,,_
<br /> � . d�blt to IIN Fund�w�s mad�. 71N Funds w pNdp�d�s addNbnN peurky/or�A sumf s�cur�d br tlw S�ourNy In�hum�nf. �'`'"""�^'. —
<br /> � If th�Fund� hdd by I.�nWr�ccMd th�amount�pKmktod to b�h�W by�ppWs�bw 4w, L«Mw sh�ll acoount to BortowK ,.,
<br /> fo►tM�s Fund� H acaorWna�wltA tM►�quPMnanta ol appllaabb yw. If Ih��mount of tha Fund�h�b by L�nda�t�ny �'F��'.:,�"•'��Y-
<br />. + " ., tlm�k not w l f i o b n t to p�y t h� E�crow I b m� w h�n d u a,L�n d�r m a y s o n o t i t y 8 o r ro w a H w r M i n p,�n d,In tuoh a�w Borrowar G" ,..�._.
<br /> sh�p pay to L�ndrr th��mount n�cas�ry to m�lc� up th�d�f'cW�oY. BortowK th�U m�k�up th� d�flohnoy In no mon th�n �t'.••::.:.. _
<br /> � . tw�A�monMy P�Ym�nb.�t Landws s01a dl�oretlon. ;. � �—
<br /> ' " Upon payrt�nt h Np of�N tum� aound by thb Saourky In�burtNnl.I.�nd�r�hall promply Mund to Bortow�►any Fundr �;,y„,c•,�.,�'-�--
<br /> � �•• ,� h�W by I.�ndM. If,und�r Wir�pnph 21. L�ndar sh�ll�cquka or wU tha Proparly.I.a�dw.prbr to lha�equhRfon or ww of tM ��' T
<br /> -' -, - Propwty� sh�R�ppy�any Funda i�i br i�ot iiw tirw oi�oqukRbn ar ta�az a csadk apahs!!he eums seourod bY thM ��'�'`--
<br /> .." 3�ourriy Insbumrnt. ��..-
<br /> � n f�":'�.fl'._.
<br /> 3. AppllesUon of Paymenta. unas. ��ucaba u�w pro�id.s o�nerw�e, aN pUym�nta roe.woa ar ��� unda ;,.,,; ,;�.
<br /> � : pmyraphs 1 �nd 2 sh�M be applkd: IWt,to �ny propaymant ch�rpes dw under the Not�;seoond,to�mounts payabla unda ,� ; ��•,�
<br /> ::�. �,,.. ..—
<br /> . p�npraph 2;thlyd,to Interaat due;louAh, to prkrolpN duo;md yst,!o any�te ohupas dw undK ths Note. � • ��-
<br /> � � 4. Cher�ea; Llen�. Borrowa sh�n p�y au wws, a�saatrtwnts, chupas, fYws �nd Ynpo�llbns �tMbutabw to t1w �• -
<br /> P�opeity whbh n�y�faN prbrky owr this Soourky In�uumant, �nd las�hold paymanta or pround rants,H�ny Borroww shN + � ''��°
<br /> � � p�y th�s� oblipatbns N tha rtumnar provWai In p�npraph 2, or Y not pNd In that mmnK, Bonowar �h�A p�y ihMn on ifml � ' .
<br /> dNacly lo tha parsan owod ppyment. Bortowar th�u promptly tumish to Londa►dl notk� ol unount� to ba pdd unda thk
<br /> p�nOr�ph. If Ba►owar m�kos tlws� paym�nt� dk�olh. Bortowar �hall promptiy tumish to tAnda► n0aipts avldYnolnp 1tN �• .�;',;�,:��
<br /> � t; ` � _ wr�n. �� • °
<br /> BonOwYr sh�q promptly dlschupe any Ibn whiCh hYb prbrUy ovar thls SacurUy Inttrument unloss Bortow�r: (a)apraos In �-
<br /> �b ;I wrkinp to M� paymmt ol the oWq�tfon seoured by tlw Ikn h a rtwnner accapt�bl� ro Lende►; (b)aontaste in pood faith tM � . . •..'' y`.
<br /> , ' , IMn br, or dotanda apahst enforew�wnt ol thQ Iten In, lepad prx a a d M ps w h�h I n t he Len f k�'s o p i n b n o p o n t e t o p r a w n t t h o � , �,
<br /> �nlorcan�nt of th�Iien;or(o)seeuras hom tho Aoldar of tha Ian an aproement eatlslactory to Londor aubardNafhp tha Ikn to 1,�'
<br /> - � ° •� fhls S�curky Instrument.R Lendar dotamin�s th�t My paR of th�Prop�rty b eubJaot lo e Nen whbh may attain prbrky ovar thb •
<br /> ''� ' S�ourBy InstrumaU,Landar may 9N� 8onowa�notla IdantlyNp th�Ikn.Bonoww ah�M wtlsly lha Ikn or toka ono or moro ol .
<br /> •� ° �� th�actbns aot IoAh sbove wNhin 10 d�ye of th�pHNp of notice.
<br /> , 6. H�rard or Proparty Inwrance. Bortow�r nhall kaap the Improvenwnts now axbtfnp or harosRw�aotad on th� :
<br /> • Propwty inwrod apdnit bas by 11ro, hatardt MoludM wRhin tha term "extandad cowrape' and any othw h�arde, Inoludk►p :-,�,�;ra�.��.
<br /> . Ibod�or fbodinp,lor whbh Londor►aqulres Nsuqna. Thia inaurence ah�ll be maNtphed h ths amounta and for tha porbds :.�•..�;.,,, :!:�°
<br /> � that Landar raquYef. Tha Ineuranee eurier provldhp the Inauranee shell ba choean by Borr�wor aubJaot to lender'e�pprowi ,;.-��•..�,�:
<br /> � whbh th�ll nOt ba unrMSOnpbly wkhhatd. If BortOwar I�Its to rtwintah Cowrapo dasCribad Nfova, Landw may, �t LandePt • +,�•.�
<br /> � . � . , et,�__
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<br /> optlon,obt�in cownqa to protaot Land�r's rqbts In tlw Propwty b accord�nce wflh poroproph 7. -�==
<br /> ..i. _ ���!'!•�: . �, AN Insuanca polbks md nn�w�b shdl ba accphba to Londw and 8hpll YICIudY � 6tandard mOrtQ�QO olautY. Landar 4• ': ,;;...��'
<br /> ;}r '��`��•;�'����� �h�Y haw tha r ht to hokJ the poNcl� and ronow�b. If Landw roqulras,Bortow6r sh�M ompty pNa to Landar�N ncalpta ol � ' �',r"'---.
<br /> , � 4 a (•�� ���",:.•<., ��,
<br /> �M. . ,.;;�,. . pdd pnmiums�nd nn�wal noticee. In th�w�nt of bsa,BoROww sh�ll ppw prompt notica to tM inwr�nc�o�rtMr�nd Und�r. u ' �:+�
<br /> �; •• • . ' .: L�n�rt�y mak�proof of bas M not mada promply by Baroww. � ,�
<br /> , � .
<br /> �� Unlass Landw and Bonower othawiso ayr� h wrRhp,Insun�nco prpceeds shall ba �ppliod W roatoratbn or repalr ot tho
<br /> ;�;� • �, , :;,• , ,
<br /> �, Prop�ty d�rt�apod,M the roetoration or rapaP Is aaonom�olly t�asible�nd Lender's tocutity b not kssawd. If tha reitoratbn a
<br /> � 1� rapalr la not aconomlcaly iwelbq or landar's sacurity would ba ksaoned,the Insuranco procaod��h�ll bo�pplkd to tho�ums . ,
<br /> � �•.� "" , sacurad by thls Sacurkyr Inslrumont, whoth�r u not than dua, wkh pny exeees pold to Barow�r. If BonOwar abandon� tfw •
<br /> F-'�'' ' Propaty, a doaa not onswx wkhh 30 daya a notb�kom Landir that tho hauruico artqr h�s oM�d to satlk a cbim,than , ,
<br /> � , ',� Und�r m�y aolbot the Insur4nca procoads. L.andar may ut� the procaads to rapok or r�utora tha PropaAy or to pay twm
<br /> �' ��'. ' ,,,, ,,, t�aund by thit S�aurfty In�trum�nt,whNh�r or not thm du�. Th�30�day pxbd wNl bpin whan th�notle�b pH�n. •
<br /> "'. , Unl�s I.�nd�r and BorrowK otMrwN� �pna M+ vrrillnp, �nY �pPlfrAtton ot procwd� to prtnolpd �h�Y not wdand a
<br /> "',r ' � pO�tpOn�tM du�d�b Of th� inOnthly p�ymMb nfart�d t0 h pluapr�pht 1 �nd 2 or Ch�Iho �nl0unt 01 thY p�ymM�ts. N ,
<br /> �'= ^`'.= . ', - .. undK pu�pnph 21 tho PropKty It acqutrod by Landor, Borrowor'8 ripht to any Insuranca polbbs and procoods roIIURinp trom
<br /> ��r:, Y • d�p� to tM Prop�rty prlor to tM ooqu4Nlon �hal p�ts to I.andor to Iha wd�nt of lh� wmt by this S�aurky Inttrumant
<br /> ;' -rS�� 'y��;:..,• kmwdl�aly prbr ro th��oqul�itlon.
<br /> �__ 6. Occup�ncy�.Pros�vatlon� M�Intenmce and Prohctlon of the PropeKy; Borrow�r's Lo�n ,
<br /> — AFIP�IC�q011� LOqQlqlOf. BOROWM f11�N OOOUpr, MtlDllsll,�110 YN tll�PfOpMly if q�ROVrKS prrnCp�l miowwv wR�n —�--. .-
<br /> -�;�f � �,;'��.. ,�. .;' ��� V �6dy d�ys �fhr tM �aoutbn of thb 8�aurMy In�troment md eh�U aontlnua to ocoupy th� Prop�ty �s 8orrow�s prMolpU ..
<br /> ,� ... . . , rafd�na�tor�t le��t on� ywr aR�r tM d�b ol ocoupanaY,unMts L�nd�r othKwlp�s tn wrklnp� whbh conwnt�fui4 not
<br /> � ��';a';,. b�unn�son�by wMhh�W,or unNu�od�nu�tlnp aYoum�hncaa�abt which�n bayond BOrrovrwt eontrol. Borrow�r M�Y not
<br /> t�a..,. a" n
<br /> __�: • . ' d�ttroy,d�m�y�or Mnp�Y th� Prop�rtp,�Ibw lfw PropKty to d�brbr�t�.or commk wut�on th�P►opwty.Borroww thall ba N
<br /> -.. �'��� : ��:�- dNRUM Y�ny forkkuro aotlon Or proaadinp, whNhYr ONII or Crlmin�l,Is bYpun th�t N Landir's y0od hRh�udprtlYnt COUW raluk
<br /> �•,�i�� .:��i%��:�.....•.�.• � .� M tqbNuh of tM Propwly or othMwlq m�brWy Ynp�lr th�Y�n arwMd br NNe B�aally In�uurmnt a L�nd�s aou�r Intwo�t. �
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