|
r -= "
<br /> S • ..,'3y.. ''-.
<br /> , i __.... .. ..f' -- ----_.._., - .
<br /> L
<br /> - - _. i not to attcMd !hs maximum �mount �Mrtder tor s t�dr�Yy nleLed mort9tp� ban mey �quire Mr Barrow�t saerow �oonnt und�r th� E ,
<br /> • . j l�dartl Reai Es4t�BottMrtNnt Proa�dura Act o! 1874 as artMn�d trom tYrN to tlm�, IQ U.B.C.2601 �sp.('F�SPA•j,unMs��rlothor Ilw � ,
<br /> j thit �ppNa to th� Funds ats a Itasw amounG 1! so,LendK may, at tny tlm0, ooAoct u►d held Funds h an amount not to eaceed the�yj ;
<br /> Nss�r tmoun� L+�r►dw m�y s�timat�th� amount of tund� due oa th� bafb o}oumnt daW and reeaonable eatimates of expendRures o}(f� � ,
<br /> tuwn Eacrow IY•ma or othrrwia� n s000ro�anes wkh applbabb I�w.
<br /> 7t►� FunQ��ha1 b� Mld Y► an Yntkution whos� d�posb �n hsund by a Irdont afpnoy,hsWmentaGly. or entlly(baludhp La�dor,N' �
<br /> Lendu ts wch m Instkutbn) or k►any Fed�ru Hom�Loan Bank. Lendw ahaU�ppy the Funds ro pay tha Eserow Itema. Lender may naN •
<br /> ' � oherpo BortowK tpt holdinp and �ppyMp the Funds, annu�{y�nary�lnp the�saow �oaount, or verMybp the Esciow Item�, untae tande� -
<br /> pays Borrowar Int�reat on the Funda and epplbable I�w permNs Lender to mtke auoh a aharpe. Hawever,Lender may require Bortovrer t
<br /> ipay a on�tim�oharp�tot an Nd�p�edmt r�wt�stW tax nopoRhp owvkw u�d by LQndar M connaauon v,rRh thb loan�urtieas appGcebb t�
<br /> providn oN�wtee. UnNee an ��nt b mado or appNoabls kw nQuYsa InMrost to b0 patd, Lender ahaN�ot be roquirotl to
<br /> . ' Borrow�r tny Mteroet or e�mNps on the Funds. Barcaiaer and LenOer may a�ree In w�tlnp�how�.Mat bterast ahait be paid on the Funds.
<br /> Lw�d�shW pM�to Bonow�.wRhaut ohu�p�,an�xnwt aaoounthp ot ths Funda,abowinp credRs and debke to ths Funda�nd ths purpo�e
<br /> (or whbh Mah debt to tM Funds wae mido. YAe Funds ere pMOped as QaWkinnat oecur�y tor nY suma 8eaured by Mis 8ecurNy�nsUurtbrtt.
<br /> If tAe Fu�ds held by t�ende►excMd th9 emounte pe�mkted to bs heid by appYcabk law� Lendn ehal �ccount to Bortawer Mr Uw ,:. ,: I.
<br /> . .r,..
<br /> : ' eoccese�ands tn accadoa�wth t!��ut�emenfa ot appNeabb I�w. I!tM unount ot ths Funda h�id br I.rndu ad�ny tkne fs eot�ulfbMnt
<br /> . :;� to pay the Lscrow ttwns wh�n dw. Lender may fo notiy 8aroaror h writirp, �nd. b auah cu�Borrow�r ahaM pty to Lendv th��mount
<br />' , neeesaary to m�ke up the deflotertay. Borrowar sAa1 m�ke up the deliaMnoy h eo mo»than tvreM monthy payments,at Landls eob
<br /> • dlaarotlon. „
<br />... I Upon payrtNnt h fuY ot at anw Wcund bp thb S�aurMf� Instrumm�i.�ndK ehaN prompty Mund to 8ortower any Funds hNd br .. •
<br /> Lmd�r. tf�unda p�npnph 21�Undu shal�equb a tN tM Pro�tY�l,�nd�r,pdn►to th�aaq�+kkton a uN ot th�Proprt�r,shtt�ppy �
<br /> I eny Fu�ld�he!d br Lend!�nt tM th�e oi tae,.i"MsRbn o►t!N e�s oraOR�Inst tM sumt e�our�d by thR S�cur�r Inshunw�t --
<br /> 3.Appltc�tlon of Paymtr�t�. U�I1�s�ppYwbr Yw provldN oShMwke�aN payrtNnb naoMd by I.�nd�t und�r par�pryhi/ md
<br /> , �NW b��N�d: Mt� to�nq p�p�ynNnt oharpo� dw unda tlw Nob; Moend. to�maunb payab4 unda pvapnpA Z;thtd M ht�ntt ... .
<br /> dw;touAh,to pta�l dw;tnd lut,to any rt�ofw+�M dw undr th�Noi�. "
<br /> i 4. Chtf��0, LI�t16 Barow�r�haM par aN t�aN� atMSrtNnb�a1wpN� flnM �nd h�pos�lons attrbufabM to tM Prop�'i3r whbh ° ., .
<br /> mliy tttab prbrl�r rn�t thM B�CU►Ky Inlbumint,Ilnd Mat�hob p�ynMnri w 9�nd r�nb. Y My. Bor►ow�r�hip pay th�obllp�ttoes Yn th� . . :
<br /> n�r►n�r povldrd M p�npnpb Q. or r not patd b that mmmr, Barow�► thal pay th�m on tin� dinot�r to tM pKSOn ow�d p�ymin4 . - `_
<br /> ., � BoROwa �haM prompty Nmish W L.�ndK aN �otba of amouets to b� p�ld und�r this panpr�ph. If Borrow� m�ka tMa piym�nri •' �_
<br /> . dh�ty�8aroww slul prompty NmtsA to L�►d�r na�te Nrid�nokp tiM P�ym�nt�• •��
<br /> 89mow�r �htN prompty dieahtrp�my Wn whteb hto prbrry ow►thia 8�curftyy Inttrummt unins Bartowar(a)aprMS b wrklrq to th� �'. r�� ,
<br /> ' p�ytnr►t ot th�obYpetton t�aur�d by tM p�n h a mmn�r aa�D�M to tand�r;(b)cont�sts h pood PaRh tM IMn by�or dal�r►ds�pahst , y��
<br /> � �'; � -_
<br /> . �niororaent ot th�Yr�h,Mgal�oce�dings whbh h tM I.andort oDhbn opxab to prwwnt tPh mfort�rtNn!of th�Ner+;or(o)aauns�rom �� i�`
<br /> ' ___—: -_=_ . ' ,
<br /> ., � th� �old�t of th�N�n�n aRNrtNn2 stlNhotay to I.�nd�r subotdlnttlnp ths p�n to Ma Srcu�ih►Inat�vrtwnt. it L�nda drt�rmYns that eny ' 4
<br /> pat of tM Prop�tr t1 wbJ�ot to t ti�n whioh mq attah priorN�r aMr thk 8�ourl�r InaUUmenf. tandrr may plw Bortow�r a notia�IdritYytq �,
<br /> tM N�n. 8arow�►�h�N suky th�Wn a Wn on�a ma.ot th��otta+s s�t faAh�Ow wMtn 10 d��n of th�pMinp o!ootle�. • �`� j� '
<br /> �. H�Brd of Proplrt�l IDSUI�nCe. eo�►ow�r snoM kNo tM Im0►own'Knt� now �oci�tinp or h�natar ersat�d an th� Proprq .,-`�'��,r'��.
<br /> �, � inwnd�pths!loss br fin.hanuds i��d�d wkAb th�tKm 'aDM►ONJ oowr�q'and anr othK h+ards�Inoludinp lbodt or Iloodhp�tor � '`;q
<br /> .' wh(sh tanda�squtr�t hwr�tnc�. ThM hwranra e1W b�nfaNWn�d h tM�rtwunb md tor tM D�ds that tand�r nquira. 'RN inwnu�w . `��,;
<br /> ourNr pravidinp th� hwru� stu�� b ohot�n by Bor►ow�r wbj�ct to L�nd�� appramt whbh ahd eot b�unn�ton�by wkhhNd. It � ' ,
<br /> ,
<br /> , eoROwK teM to n+�b�in cav�+�9e d�c�bed abovs,lsn�t�r mey� at Lendsr� optbn. obtah eowaps to proUat L,�nd�e dphri tn dw ��..�.t.:,
<br /> -- ����_
<br /> F'rop«ty h�caadmo�w1h part�npA 7. - '._
<br /> AI hsur�po9sbs md ornwaM ehsll bs aooeptabM to Unda and ahaY helud�a etindvd enortp�q oteus�. L�neMr ehtM htv�e tM . , :-;$;::�;:,...n.
<br /> - • dpht to hotd ttN poNabs�nd��rrate. B Lender nquYa, earower ahal prompty pAs to t�nd�r a�acelpta of patd prwnbms�rtd r«wiw�l `:--i'...—
<br /> notica. In tfw�nt of bss, Borrovwr ihnl pUr�prompt no2fe�to tl�hsuru�q csn'Mr and L,�nd�r. I.rnd�r n+�y mek�proof oi bt4�not °�
<br /> . nttd�prOmpty br Borrotiwr. � ,
<br /> - • - UnNst Lsnd�►�nd Barovr�othMwiq �pn�h wrRlnp, hfur+u� proa�d� sh�t bs�8ed to n�toratbn ar �pat ot th� P�opaty � `'
<br /> dm�d. N tM natastim� a �patr M�aonamioary 1wsbM and L�rtd�s s�ourlyr k not I�a�l. It ths �tontbn or npak N oot ��___,
<br />,r .. �wtomk�tl�NabM or I.w►dere e�auAy woub b�bsa�nsd,th�tnwrano� poe»ds ahall b��pplwd to th��ums acund by thb Saaurlyr ;�`-
<br /> _ instrumint,wMth�r or not then dus. wlth any aoowes paid to Barow�r. M Bor►OVrw�bandons th0 Prep�Ay�Ot doa not�naw�r wlthh 30 . \�''> ': ,
<br /> • , . d�ys a rtoda Arom I.�ndr that ttN inwr�oartbr has ofNrod to t�� atttn�thw►L�ndx rtwY eoN�ot t1N Inwr�P�ds. Landu '�w�
<br /> - , rtnr uso tM Proos�ds to rspat ot r�ston th�ProP�rtY or to pq suma sacw«3 by tfib SoeurRy UtaQUma�i.wtsptha ot noi thGn dW. fia , •�• ' '
<br />;; � 36day Owtod w�bpM vrhm tM notta b p►ra�. �
<br />" ' .� . UnMst L:andn�rtd Bomow�r otM�wk� aprw b wridnp.tnr aPDROatbn ot procNds to prinok� ehaY not �da�d or pottport�ths du� ' •��`..,, •
<br /> ' . ' d�t�ot th�monMN P�y� �►�d to h pera�raphs t an�!8 or ohtnp�ttN amouM ot tM payment�. It undr p�rapr�ph 2� tl�Prop�rt� •
<br /> ' R�C4�ir�d by L�nder�BOrtOwmr� Apht to any hsurmCS polbl9s�nd procwfb�suldno b�om dlmM�to the PrOA�D�to tM aC4�kRbn •
<br /> . sht/p�ss to Lsnd�t to tM atrr►t of tM�ums socund bY thtt&ourt�►Instrumset tnrtMd�aby prbr to tM�aquioRbn.
<br /> B. Occup�ncy� Pre�tlon� Mmintenanco and Rroteedon o! the Property; Bo�rower'e l�ean .. . ..
<br /> � . . APPIICl1�101t;LQ3i01901d�.BomDwa ehai 000upy. OataDlbh,tlnd ues th� Prope�q�s Botrowere prk�o�l roa� wkhin �Dctyy doye
<br /> •. tlfer tM �z�autbn ot t�t�Srawlqr Movument�rtd ehaN oontlnu�to ocaupy th�P►op«ty ns Borrow�e pHnopd rwW�ncr tor et Mut on� �
<br /> j , YKi�Mr th� dth of oaoup�nop.unNtt tand�r oM�win pr�t In wdhp,wAioh cons�nt ah�1 not b� unnatontby wRhhalO, or unNR .
<br /> �. � �odonwttq ch+cumsfanaos�odtt whBh u�b�l�ond 8omow�s oonbol Bomow�r�ha!not datray�d�nyp�ar M�p�M th�FropKtl.abw ths
<br />.' Prop�qr to d�trrtorat�,a oommR wast�on tM Propert�r. Bomowar 1ha1 pe h delauR M�ny foA�turo�oUon or prooNdhp�wMth�r otvl or
<br /> cdmintt, !s bpun that b Landere Qood ttRh judpnwn ooutd roauk M torlekun ot ths Pro�rty m otherwks nwt�riay fmpalr th�Ym cre�t�d
<br /> Oy thit S�ouriry►Instrummt a LAndM'e s�curiqr inbrtaL Bortow�r n�y our��uoh a dKauk and rslnstiU, a p►oir�d h puepn�sh 18.by
<br /> ` uusinp M� aoNon or praaMdhp to 0� dkmtseYd wkh a n�ihp that, h t�ed�s yood talM dK�mhadon. pnoludq toRWtun of tt�
<br /> ' -- ---- - - _ . .. . . . . _ . . _ ... - - • . - • - - • ---- ----
<br />..�. - - ----� nonowere ntenat n�.o rrope�tr o� omer mawnu mpamwnc or an �n areaseo or mis a�aurar maaumwa a�.ano�a eeaunry �nw�sa --- --___._-----.-. -
<br /> Baroww eha0 aleo b�h dNtw�tf Borrowar.durMtp th�Iou��pp➢oatlon procas.Qava mnterl�Ny taiea or Inuxu►at� hfortnttbn or st�tat�atte
<br /> :� ! to L�r►d� (or ttNW to p►ovid� Lender wRA �ny m�tKW infomntbn)h aoernotion wkh tM toen�videnad bY M� Not�� Inotudin0. but nat .
<br /> ^� � NmR�d to. ►ep�es�nfttbna ooncwnhp 8or►owePs oocupmop of the Property aa a prMoipat resWeno�. M this 8eourky InaWment It on �
<br /> ,�, , leasehold. eor►ower eh�1 aompy wkh aN the provbbna ot the �eeae. It Barower aoqulroa tes tkle to the Praperty.the te�sehold end the �
<br /> y � Ase Wle ehaN not merp�unMse Me Lendrr tproes M tM maqer M wrtlnp. '
<br /> y •. . i i .
<br /> �' i
<br /> { .
<br /> {'� I Pea�Q of 8 Form 002E Wo0 i
<br /> 1 F101o.LM0(t(Y8)
<br /> 1 I
<br /> .�f' � i
<br /> }� , '� 1 .__ _._:_. .
<br />
|