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<br /> .(. .,ri'r;-sor
<br /> -.��C`�� K `'��i Y a1�J��� r.� .. 4�y`� � i!�. y,�ffiiMSC— _-
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<br /> � 'DORROWEIt�OVII�iAN[�that�ormvrer i�Iawfully seize�i o€t�e esLa�he�ebY conveyed and 8as the�3ght to pxnt
<br /> . .and canvcy 4Le Fropec��nad that the t�roptrtl+is unensum�,,-r�i.except for eacumbrances of�eoord. �of cro�rd. �and _
<br /> wll1�tefcnd gener.dTy the atle ta the F�gecty ag�ast�1!daims and dem�nd.�.sublect w anp eA�� .
<br /> � UNIPQRh1 COVENANE�. � ' ai`of,and intere�t on, � _.
<br /> --____-_��—=��;�s°-�.-i.���nd,�4�sts� Bdarower shali Q?Y when due tlte P��P
<br /> , the d�e��DX t�e Not�ard las charges dua ua�er the�uc�=-- -----— --
<br /> Yapmmt at�iae.s.�nraac�and Other�aa'S�, Bmaower sh�l i�clude in�aih moa3hly paymea�
<br /> .togeth,or wi�h t6e psincipa� �d iaten.st as sei f�in the Id�e a�any Ias c�g�a s�m far_(a) taxes and spesial .
<br /> h
<br /> ms�esstneats tcvie�ar so 6e tevied against t3s� prop�y.(b) te.asehoid pycuents or gmnnd c+eass bri'the PnoPeitY•.�
<br /> �c}p�e�iams fo�in�r���'��4. W any year in wl�ch the Leader mvst gay a mortgage insaranae _.
<br /> �er�wn Eo ih�S�ry of H aad Urtsap T1evelopm�ut l"S �?.or ia any.yea m wiuch sucb���1
<br /> , bave boa►raNued if itadv s�t1�Secunty In�rt�axnL eacb mon payment sLall�iacIude either.(7 a sum fmr
<br /> � e instead of a�age .
<br /> ttie anuual mo�age insuranoe Q�mium to De p�d�3►����•ar(u)a�nat�y�
<br /> jasp,CUICe pre[mutD'1f SLis 5oc�lTttY tncrn�mef►t is hCld by tlle SestetiilY•in a�sonabla a�couat to t�e deiermiaed by the � .
<br /> �r. Eas�pt fa the rnoatWy c�ge 6y the Se�•�►�i����Oae Items°`e1W tbe snms paid m� .
<br /> 8lC�°ESCNW�!III�9.� , �01711T AAt tD CECC�IhG IIIBxtffi1if1
<br /> l,ender�ayr.at at�y ti;n�w�t und ho2ct amauats for Esc�aw Items ia an aSg�gacs
<br /> s�unt that may.6t requ�d far$otrowee's�tow sQCOUat nader the Real Fstate Seuixment Pmced�res Act of 19'f4. 12
<br /> U.S C.5 Z$Ol �,� an� ' tmg crg�ilat�ons. 24 CFR Fsc�350R.as�theY t�aY bc emmded fmm tune to amc
<br /> a or disbu:sements�efare
<br /> (°EiESpp•j,except that the��te p��by RESPA f�aaa�icipamed dis�usem�nts
<br /> � t6a Boa+owd a payments�rt av�7able ia the soaount may not be basod on amounts due for tl�m�8�����
<br /> ff the aamaat"s h�ld by Irr.da for Esc�ow Itaas eacecd the amo�mts.penmiuod ro be hekl by IiESPA:YkiWa s�ail deal
<br /> with the easass fuads as rdqtuted 6y R�SPA. If the amc�mLa of ftmds tiekl by L'ea�er ai atsy time art�t sv�icient w pay t3�c ,
<br /> Fs�ow tunas wheo dt�Lender�ay not�fy the'Bano�rer aad c�qu�ca Boaawer¢n a�ke ap f�e shoimge ar deficiency ag
<br /> .�ermitxd by RESI'A. ' , . uY!s�nm s�!sy this S�rit�►mso�um�t. If Bormwer
<br /> 'I�e EsCrow F1uxTs ere pledged as s�dition�]secnritY�or in
<br /> twdas tn Leada t$e f¢U payment of all sud�sums.Bosrowets aeoonnt sinaD be creditod wuh the balattoe c�mamin8 for aD
<br /> instaitmmt items(a).fb}.and(c)�d anY sn�t8s8e insureane PRmium installment that I�has nat beoo�e abligated ta •
<br /> pay to ttie St�ceta�7+,aad Leader s�II pmmpttY c�m�eny eas�ss fu�ds to Barrow�Ima�edia�etY�or t+o a faoctosat�e s�b:
<br /> nmaining far.al!
<br /> , of tbe Pcopecty,ar its ae�n by Lea�. Eoimwer's aacaont shall be citdrtod with aay 6alaaP� . `
<br /> �ts far it�ms(a), ),�(c): ' ts aader Pa:ag�aphs 1 and 2 shaU be apgtied 6y Lcnd�as folbwa
<br /> 3�. Appiic�ai Immt+. AIl paYmen ,
<br /> . . �,tn the age ins�u'anee prem►nm to be psid Oy Lender m tht Sum��Y�tn the monthiy du�c8�bY
<br /> tise S�Y u��f the monthl�►mo�8����� ' .
<br /> ' �,to eny raans.specL31 assessments,Isaseho2d payments or gmi�nd rmts.aad fi�Rood and oth�
<br /> h�insutaeoe pcemtums.as rulu�+ .
<br /> � � �,w intaest dua�the Nott;
<br /> ��to amonizasiaa of the prnncipal of du Nat'r, �
<br /> i�te c6acgts dtt�undet the Note.
<br /> 4, FYte.Ftood aosd Otl�er�rard Ias�uaa��oirower shall In�ure sIl impmFem�ents on the�Iropaty.whetha.oaw
<br /> in:e:ist�ce or sa�F ecected.�#n�any L�amt�dq,ca�uslties.aad�atiageacies.mclading 6ma.fo�whxhg� -
<br /> requi�a ia�e. This iqs�ance sDai�He���e�nnts and far the p�aiods�t�at t��b �
<br /> �, shall aLso insnte aIt�' provements Qa the N�e�y.whetheT now in exutenoe ar su6seqnenUy enctal.$gainst Y
<br /> to tIk extent�equirei by the Secne�sq- AD msucan�e shail b�wnied witt�companies app�ovrd by I.enda 1be msnra�e
<br /> ppllzies an�any ttnewals sI�all be Lekl by I,ender�ad si�all inciude loss payabk clauses in favas of,aad in a fotnt sco�bfa
<br /> . to.Leeda: � . .
<br /> Ln the evtnt o€toss,Bamwa.s�U g'tve t�eader immadsate notia by eaa�. LeaQec maY ma�ce�of Iass tf not made
<br /> dA�by Bormwex Eacb ins�a3�eompany ooIICetned is tr�e.�y anthoriz�vt aaa di�necmd to PeYmeat fuc sucL tos�
<br /> to�end�:�.insoe�d of W BmrsaQer and to Lcader jointFy::Alil or any pa�t of the insuraaoe ptvoeeds mi►Y�ePP��Y
<br /> . �,�i��a,e�(a)to dte rtdactioa of the inde�dr,tgs andq the Nou�ad tlsis Secarlry InsUUme�t.fttst�a aa ..
<br /> of �t�?����� '
<br /> ��t��r:��p��� 3.and then m p�Ym�tstiali n�ar pas�4 the c�e�e o��4
<br /> . of We d�ed pm�y. Any.agplica�n of �f�ttrceeds w tLe Prmapal
<br /> � �wtucb ana reie�r�m in�F�b��,��Be��t of such paym�ffi. Any.��� � . ..
<br /> p�oo�'over an aa�oaat�uirod to gay all outstanding indc�ess ander t�e Note an�'�S¢cunt!►In�a�t sh�U tre
<br /> p�dtn�l�te e�Y�Y cati U�ru�• ��•� �
<br /> indebt��af�all dg�t,tide.and'�s�stt of Bajrower in ando��irs�a�oe po'}�des m force�� pass��th�e���
<br /> . �� �A�
<br /> -_. . � .,--M _ , p.�.�r�� M,in�,uece aM Pm�ambn of t�e:lPr�per�9� �mr�Ow�'e Laau :
<br /> . Le�BE�lOi[IS..BotmvttCC Sh'dD OQCUpy�CStsblis�,.etiQ ttse 1hE P[�PettY 3S$oRqNl�Sp�2�lCS�WIt711II 5illiy tiiya gi'-aa . .
<br /> �I
<br /> . the��iution of.thia Securiry�n�t,,,R,e±��and sLaIl eontSnue to vccnPY��DP�_as ffaaowei's�iacIpal nsIdea�x fa�at
<br /> t�ut(,�tt�yesr afar thc date of oocupansY,untess the Sa�t�tary dete�miae.s ttus raquiran�t�rit�c�se undne haidship for
<br /> B�mshre�r,or unkss exanuating circumstaaoes c�cist whic�are beyond Barmwa's eontroi;.•Borm�xa shaU aotify Lm�dezsof
<br /> - . any excEnu�tln$circunostanots. Borrowa shall not wmmi!waste er destroy:dama8e or�u��Y�0 if the�e[tq f�s
<br /> allow the Ftopvty to detetiotate.�taSOnable wear et�d ttar txapted. Lettdc�r�Y�nsl� �tY
<br /> vacaot a�r abundonod or tl�ioao is in default Irndet may ta�e reasonablu•a+ction m�cota�.end P�ve m�maiaDy faLse . .
<br /> aba�doued Prooe�tY. Hott�owt,r s6aD aLso De in d�fault if Batrowra,ducing tt�e loan applu�tioa Proa�.�
<br /> � �in�^�atr�e informttion ar statements w Lcnder(or fai1�to vide i.endea with aay rmit�ial infom�uon)in oonn�� .
<br /> with the tasn evideneed by ti�Nat�including,6ut not litm to,represen�ons wnr�Bo�rower`s ac�uF+�'Y .
<br /> ltirn�y ais a priacipal resid:nos. If�his 5ecwity I�s�v�nt is on a leaseflotd.Botrower oomply with tDe pmnrislons of
<br /> - thc If Boaower acquires fa titk to ths Pmgecty.the kasehold and fee titk shaD not 6e mergal ualess Lender a�es o�
<br /> the tnergcr ia aRiting.
<br /> 6. Cbnr`a tn Ba.-raRer am8 Pt+otcdion of l.e�d��s Rights in tije Pe�upeity. Bonower s6all Qay all govemmental
<br /> _ or mmucipal c6az8es.fines aad impositwns t�at m�e nat ineIuda9 im Tratag��8 2. �orcow�shat!Q�y th�ob3��i�ns o� �
<br /> time dic�Iy ta the entity w4uch is owed t�e paymsnt I�failwe.to yay wanld advessely affxf Lcndd s mterest tn the
<br /> �Pcoper�y,npon Lenda's c�quest Botrower shall prompdy fiunish to i.endea nceipts e�+ideucin8 these payments.
<br /> - I�Bnsrawer feiis to ma3ce these paymeats ar the.RaYm�t�raNi�b3+�SmPb 2.or faiIs t�perfaam any o1Her
<br /> � ' oovarints aad ts Qontaine8 in this Securit�r Instramea�nr ther�is a IeS�P�S���significandy afit'ect• ,
<br /> • ���g rip��property(sutb as a prvoeeding ia hanSaupuy.fos wndemaation or to�a�'oroe aws ar ngu�ations),
<br /> �hca Leader m�Y do�.nd paq whatever is ueeessary to Qrotax the vatae of ths Pto�eny ist►d Lendd s rigbts in the Property, : .
<br /> . ' iacladiag'gayment of t�es,h�d insuranee�nd ather items menflanod in paragrap�2.
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<br /> � My amounts dssbur�d by l�aAet nn�ec'S�S�8�Pb�ll�����onal debt of Bo�wet and 6e�by
<br />-_ ���ry Insuumeat '�Se�mau�u s�l b��►��m the d�c o�disbursemen�at the Nate ratt.and at the optian
<br />- of Y.cnder.sball be immediate2Y Jde and.pnya6ie;� . •
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