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<br />I <br /> <br /> <br /> <br />84 - 006522 <br /> <br />(, V~()vEN"NT~. lk~ff MId Lender covenAlltlllld agree as follows: <br />~, 1. ' ..."... ., ~ _........ ~ liIWl ~y pay -.ilen due the priacipal of aad imen:st 00 the <br />~ evidcaccd by lhe Note, prcpaymmt MId me cbarges as provided in the NOlC. &ad the ,priftcipal of .. m.- <br />OD ....y Fut....e AdvADCeS secured by mis ~. <br />:. ..... for T_ 8M a--. Subject 10 applicable law or to II wriuca ....... by l.c:ader, ~ ... .. <br />to l..cncIa' Ofllhe d..)' moMhIy imltaHmcms of prilaC'" aM iateml are payable uader tltc Note, &IlIti tltc NOU' is paid in W. <br />II _ lberein "Fuads'1 ecpW 10 ooc-twdm of 1!Ie )'Nl'Iy lUes &lid .llIIIiM~ ~.., Iltl!IH pIiarilr_1hiI <br />~ and Imuad ;=-08 the Propenf, if HY, phis ~ of ~.--- 'f 1 'R"I ~_ ~:~ <br />pius ~ of yoady ~. - u IS -1ftOI'tPF ~ if l1li)". aU &11 uu Idlf ........ ~....'~ <br />time 10 time by Leader 00 me buG of II I .-4 _ bills .. RIUIlI'\!1c CfiIimIIIa ~ <br />11lc F__ W!I be ItcW ift H i~ lhe ~ or __ of 1riIiI:Il an iMIad Of ..... 1 fT A Illy <br />$We apqcy (~ Leader if lcMer ii RICII aa .iuIitutioIIl. ~ dial ~ die P-*.. 'PlIY.1IIilI <br />.-am:c pnmiums aad ~ reats. leader may ROt cluqe for 50 ~ aad ~dIe fl1Ialh. <br />or verifyinc &lid ~inc Aid ~.. bills, ,..-1..cIll:Iw pays ~ i-.- _ die P-*'" <br />permits l.mder to make wclI 1I charllJC- ~ aMll.mder may ~ in wri1iaa at the time of <br />Monpsc that i_ "'" the Mmds wa be paid to ~, aMI __ RICII ~. is ..... .. <br />nquin5 RICII iateml t4l be paid,l.mder sIld ROt be nqIIiind to pay ~ l1li)" i...... Of"".. 1M <br />sIld ~ to ~, w~ cllarp, H a~ ~ of the F__ showma crediII"'MiIlI....,~; <br />JlUIlICIC for....-hidl C>al:ft debit 10 tltcF__ '"'lIS INlIiIe. 11lc Fuadli an 'pledpIlllS adjiti", ___ ,.1IIulll_i (1'..;;; <br />by1M~. <br />U tbe _ of tbe FUIllk held by Leader, t~ widllhe: ftIhB'C ~ ilmaIlII.M'of Pads ,.,..... ....... <br />lhe due dates of tues, __s, j~ ~ aad ~ lCAt'l\, stW1 cxQlCld .. --........... ~.;IlIiil'. ..., . <br />u..._ems. __ ~ &DC!;rouDll reats as they faM due. sudt ~... be, at Bem3wer's~ !i... <br />prompdy rcpeid to ~ 01' CI'lIlticed to ~ 011 ~ ~ of F___ If .._....i~.' <br />Itcid '" leader sbUI _ be ~lG pay 1-. - 1uIlts, m-MCC pPlIIIiums MCIJl'0111111......,;.;,~;i <br />~ did pay to LmctcIr MY _ ->' 10 maLe up" ~ witIIia 30.)'1 f_"" __..........". <br />by I..cIll:Iw 10 ~ F1lU'..... pa,- thc:n:<:>f. <br />Uf'OG pe~ III fal of ail _ fIOCIONdby 1M MonS., Leader sWl pAlIlIIptIy m-I;o ~...,,-:~ <br />bdd by l.ca<ier. if uadIlr ~ IS hc:n:<:>f the Propem " ,;old or the Prepcny iI ~ ~ '" lAnIiIIir. ~ <br />IIWt apply. 00 Wcr dwa immcdiatdy prior 10 lhe: '-Ilk: f'f the Propeny Of' ita acqvisiOOll by 1..aIlkr, .., AIBdI......., <br />lIlIIIdcr at me I,!DC of appticaUml a& a creM api_ the: sums liCCUfCdby thos MOI1IIF. <br />3. ....... .. ~..._ L\nless ~ 1&... provides OIherwise. all pe,- nc:ciMcI by Leader __ die <br />SoIc ad ~ 1 aDd :2 heroo( shall be appbod by Lender first III 1'1Iymmt of __ payable ;0 Leader..... --- <br />t.mlirJ' ~ , ~ ~.- --..---~ ~'.~_; ".,' . ' .CIIC, aad U- ......... <br />~ OR ~y F~~ AiInDc:m. r , . , <br /> <br />4. ~ u.s. Bon-_ ;,h;all pay ..ll In", ;".~ and other dw.... ,_ Hd ~ ....~ .. <br />_1'Topcny whicb may an_ a pnolity over tM MOI'lIAF. ..nd lcuchold paymcM$ 01' ~ -. if MY, in dill _ <br />~ under ~ :2 he:ftlOt ....r, .t _ pa<d .0 wcl1 I'I'Wmer. by ~ ..inc paymea1, wMD .... dincdr .. die <br />payee lhacof, Borrower shall promptl~ tumo.J1lo Lemlu ail nauces of _ due ualhr 1M pancrapII. aDd iD...... <br />bTower shall mate plIymenl d!foclly. Bor",*"r -ll1oll prOl'llfllly lurn...n to Lender ~ e,'i4cacine sudt ...., <br />...........~. .I>aii promptly d1o.cha.-F ....y hen v.h>ch hM prJOl'ltl' ,~'..,r tnit. Mot't&lIfC; provtded. thai iloI'roww sWl _ .. <br />~ to dncharp all)' wcl1 "en"" loftS ... Borrower sUil ae;m:: '" wflllftS 10 the: payIIICO! of lhe: obIlphon IllaIftIII '" <br />lilIdllim III a manncr IIIXCptablc !l> tuck./'. (If snail 10 llood I"itll (ontnl s..dt lien by, oc dcfcBd cafon:emcM of such ... ita, <br />lepl pnx_Glmes wtucb oplM'ale to prCVelllt the ealorccment 01 the I"", <lr lorte.ture of the: Propcny or l1li)" ,.n .-. <br />5. -.. ~ bTower shall ~eep the .mpro".,...", no.. eUl>l.nc ar llcn:atter e.-ectcd OR she ~ ~ <br />... Iou by ire, hazard. im:!vdccl w.tt"" lhe term .,,,'w....J cover.", aM such other huaRIs &$ l.mder may rIIlpIinl <br />and m IYCh amounu and for such penod& as le....r m..y rcquU'e: pronooo. IlIat Lender ~ ROt rcquift lhlll me __ of <br />suclI cover. eJlceed lllAt ..mounl "I ,ovcr~ r""ulrod '" pa~ lhe sum> secured h}' IIws Mon;ap. <br />The .~ carner prOVNttftS the iMurana: ,t-...U be c~ ~ Bor-rower subjCCt 10 approval by Lemler; prew1tIed. <br />that lWCh approvallihall nOl be unr_Dly wotnbcld ,,",u prClYlmms un im.W'lIRa policia shall be paid in the _ <br />~ URlIu p&.f&p'aptl 2 hc:reol or, If IIDl plIll:! lfl sm:n 1Yl1lft""., I>}. Bono_ mKtDI pllymeat, wMD due, diftII:dy to dill <br />~ ClIiITlIr. <br />All ~ poI<cOC$ &ad rcae,,'llll; tllere<>t !>hall be 1!1 form """"plllbk 10 Lender and liIWl include a staadaN-... <br />clause In fawn oj and In form acceptable to l..endel. Lender ~h..Jl ka't' IIle r~ 10 boW the: policies lIad reeewals thInof. <br />&IIlll1orroww sItalJ promptly funtlMl 10 Lmdes all nloc",,' TIOI"~ "'Ml "II receipt> of paid ~s. In lhe: c\'CQt of Jog, <br />~ ~ lIVe prom" 00UCl: ICi tM IMVrlllKC am". an(! Le....r L""aer mlIl} mHc proof of loIII if not made ~ <br />by &on-. <br />U... Lender aad Borrower otherwise -.,<< to "'lIllftS, ""Uf&nee pro...--eed>. shall be applied 10 ratoratico or repair of <br />me Property ~ provided ll.l<Cb ratorauOfl Of lepall I. ec"t>Omaclllly letiible and the 5CCliIrity of 1M Monpp if. <br />not Ihenl:Iy~, If web .--al"'" or repell '" nOl """",muc..lh leambic or II lhe: K><;Llflty of mis Mons. would <br />be ~ the ~ proceeds .nail be ll.ppIled W the .UftU "",,,..red bl IIws Murt;lIfC. Wllh lbe Cl<cas, if allY, paIll <br />to aon-. If the P.ropeny is abandoned by Borrower, '" II Borrt_ 1,..1> 10 respond 10 Leader ",.mill 30 days from.. <br />date ~ if. madcd by J...eadu 10 Borrower thaI the ._rana ,.mer oI'Ien In hettle 1I dJllm for IMucaace bc:tldin. J...eadu <br />15 audIor.. $0 collccI aad apply the 'lUW"UIC" prOCGe<h at l.ender. Opl'"'' e.eer 10 r_QI'ation or rl:pllIr of me Propeny <br />or to the __ see.... by 1M MonllllF' <br />U... Le....r aad BorroM:r OItheroo'* 1I1'CC In ..rllll'lg, any ,,,,,h a~IC"11Ofl of proceedi ro pnnclpal shall not e"tcmd <br />or JlGIIIIOM !be due date It>! lhe: monthly lMtallmenl\ referred hI In parlltlraphs I lInd 2 lleroot (If cll&qe IIIe ~ of <br />suda ~1KIl. It URlIu pansrapa ! Ii he:n>ol tbe Propell'f~ .. itCql.urOO b\ Le....I, "II lipt, lItle an<! "'1_ of Borr_ <br />1ft lYllI'IlO -lI u...raDCC pmoaa aM .n ..n<!to IlIe pr~. .bereol result.ftS lrom dan,,,,., 10 tbe Pmpell'f~' pnoI'to the: sak <br />or /IGIIi-'IWG sh&Il J'IIM 10 lAadcr 10 lhe: exlenl 01 lbe ........ """..red by tl". MortBajjIC Immcdu.~iy prior 10 .uch '* Of <br />"" ~ 'M.... <br />" "--,,,,1..1 _ M&lIu.._ ef I'J'tIIIClI'IY; l_lu,11itIi: CllallulllilIiu-. I'IIIlIM4 lWl Dnlh'lIIl" Borrower <br />sWl ..., the I'ropwty 1ft plCIrepan an<! .w ROt commit .._ "I permu .mpwrmcnl <'I' determrattO<l of !be Propcny <br />Mid ~ ~ ...._ tltc prm-_15 at MY lc-uc If In.> MottS. " on II lcMcllold If Itu; Mort,. It. ..." /l unt! ... a <br />,_IISEUUlOID Of .. ~ _II developm-cat, Borr_ ."aU perform ..ll 01 Borro_r'. "hll""u"". ......r the docl..rauol'l <br />OIl ~ ,~attDI 'DII' ~ IlIe "~I",um 0f pIlloried U':it developmenl, 1M by.la.... "00 rq..'-'m t>I IIIe <br /><Wft.hlllllll"" OS' ~ _ ....k"lHileM, .."d umiil'l""'nl doc_s If" ,-omlomm_, nl planne.:l u."t ,k''ek>pl1wn1 <br />rMiu IS ~ t.)' "'"'_ IInd recorded ",.,th-er ""Ih 11m MortglllC, the ""'0::,"''''10 ,md ae;.-m, d ......i> ridN <br />.. "" _~ .- MIS ~ ~ ..00 ,..pplemem 1M '''<C:Mnl. an<l lilil_nb oi tll" Morlillt!" _ It IhI: nden <br />_llJll1ll'--. <br />" ,...............",.......... hc__. If B<~r !1m> Iv perform lhe 1.,1We\f'l""" ..fld lItl,eemento "",t&l* '" Ihi, <br />~. .., if ., MUOIIl .... ~ " ,_<11 ..h<<:h m&lef"lllll~ .litl<'u Le.....'. ,,___ in the ,"r~", <br />~ btit lW4 ~"I(l, _at~. .noolvtll><jI, ,'<J4e ..,.,k>rcflme"t, 01 "'rf1l~ ('Of ,,~ 1,,\'OIVll'8" <br />~ Of ~. thlM. L$ader IIf I,,___'a opt""", Up"" I"tu:c '" IW",,,,,..,, mn m.~e ......" ..~"...,. il.~ alKn <br />~ Hid 1M,e ~ aQt.acJ1ft 1M t$ EI~<')f ~o prO'tkB Le*r'. Int-erm. jnd~MJUflt_ hut l'h'lt hfnHed ll1. ~tUtbu~-Rt of <br />flt~ ..~~<.. f-~ ~ ~be P:(~r1~ !~J m~"'f n:pilln, If ~ ,frl-.dr: ~\'"-?UJrt.i.; rno'-fl_~iif(' ltHiL,U$1ln,,_'f /!I.) ill <br />~.~~ &t ~-mt: ~k ~ t9\-flI, M~m_,., Rt~ff{)-V.('f t.h.i!lH pa'\;" t~ pfemHim~ 1"'~U.\f1:",j :;,~ milUnUHl MJ4.'h <br />}UltM~ tq ~t ~fi-H4 1iIM4h ltMe ilUi 1M ~UU'enwt>>: ftlf ~ud'l "n''&YfaDt"C' t("rffiHHlltc". rn ~M::'H"rG.fX'!" WIlll H{-..>tfi'J..-"C'T"' :&nd <br /> <br /> <br />--1 <br />