|
<br />(~,j- ~i tl ~j ;) ~) b
<br />
<br />
<br />Ul'f!FORM COVl1NANTlt Borrower and Lender covenam and agree as follows:
<br />1. i"llymelllf of Princlpef aDd Inferl!:'lt. Borrower shaH promplly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and !~te charges as pn:wided i.l1 the Note, and the principal of and interest
<br />on anyF\lture Advances secured by this. Mortgage,
<br />1. ~ for TU$i< and msunlince_ Subject to :.pplicllbte law c.r to a written waiver by Lender, Bo.rrower shall pay
<br />10 Under '1"llthl/i day m'Xllhly ins~.llilments of ;tod inter"';;t are DlIvable under the NOle, until the Note is paid in full,
<br />a $um <btrrein "Funds"} to taxes a.l1(! 'ass<-'C;smen!5 which may allaiD priority over this
<br />Mort@:age, and on the c'l'HHweHth of yearly premium installments fOT hazard insurance,
<br />premium tor ins\Jn!!lce. )f any: all .a\> reasonably estimated initially and from
<br />,)11 lhe bll.Sls "t ~,~se.SS!11efll$ and and reasonable ""stl!11nles thereof.
<br />l!haIl be hel<f m an m,lltlltiorl !he deposlt~ or aC,XHHlI$ of which ilfe in~llred ()f guaranteed by;! Federal or
<br />tender if Lelul;~r MICh an insHlmi,m I. Lender ,hall the Funds m said taxes, assessments,
<br />grOOlld,ent;; Lender no' for $0 111,: analyzing said account,
<br />slIi>;j ll,1reSlllt!4tnill ami un.!es;; Pill'S (In the Funds and applicable law
<br />'lIch a ch;ugl' l.l:"fHJWfl' 'md L('nder :lgree in writing lit the time of execution of this
<br />In;; Funds sh1.!lli b1:~ piii<l t\:, HOrmWl'I, Imltl$S Jluch llgreement i$ made Of applicable law
<br />L':l'1der ,hall be rtl',uired 10 Horn~weT anI' imerest or earnings on the Funds. Lender
<br />illH'"al . l'l tb(, .Funds s!'mwll'll!; credits and deblt$ to the Funds and the
<br />\Jio';,~~"!! ?f\;:tde "fhe ;"~i'e piedged .a5~ ::n:kht~on$J ~ecU'rHy for' the 'Sum's secured
<br />
<br />
<br />~haf ;tlh~rest
<br />Mich t f}t~~.rt.$t l..;') f,"t
<br />gl>'e fcC' Bl~no'''''er.
<br />1<'>1 whi,en <"~ch del"l
<br />.MNtgage
<br />If the ~mount 'he Funds h~!d L,:"dcr.. !'.'!!cli1~r "'Ih ,he luliue rrwnthlv m.,j<;,lltment~ of rllnds payable. pnc)( to
<br />the du~ date,~ t1it l~;Ptej;, .,}-~~...e,s~n"li(:-rn\.. In.s~unH1~~\~ r'in:~rn~t~i1'l\ ,~-nd grriund h~nb, ,"9.haU ;l.~:(ce",,:;d l'hi(;;: arn.ount re-qu,irt-:d to pay sald 't~,t,KC'.st
<br />ass:.eS;UUc.nb, Hl:i-tllfjU'h"'C prlo':"fnhloh and gril)-E,lfld rr.~nf'\;, th(~'~ I"h~:(: 'd,.H.:h t~'C(~,~~ ,hall b~~, ;;d. B,(,'n'rowt.~r~!\ either
<br />10 B()n~l:'i\.~"e-r ~ (edited H(Ht"()"\.\'t~r l~'O ,-J)\'tfHhh i'!lll.i-t.dlltn~~nh. of Ftttld',;, H the ~unoura the Funds
<br />1,hJsH 'lh'lt f')-C ~uffi'caent. <us~\.~rnenb, H~liforaH<(, pn.~tniHn1,' and, gr('tH~d n::n1.s. :fUi they faB due~
<br />l"~ i ,~~n~j:e,f ,,-~i1hHH1A rl'i~i.:(':\.:\';H '. ;'~~~ll(t' ~,ip -:h'hC:t..~~H.~\ 'V, lthH1 ,1:-0 d:,tv''ii frnru tOt" dah;~ notice i~ rnailed
<br />
<br />
<br />~'n{h7'l' "hr1dJ l'Jt"f."j,rnpt-ty f{~fond to Borrowt'f' any Funds
<br />P:, il','r!\ i', ,'lhcrw"c ac'qlllred bv ! .ender, Lender
<br />,(,.ylll."fHm hI' lender. MIl Fllnd~ held by
<br />\I "nit""'!'"
<br />
<br />~'4*~<'
<br />
<br />H'd:lved b~ r ende! 'Hl~ler the
<br />W ! ellder hI" BOfr<lW,!r
<br />:f,l' .ltH! !rll:n tll Inlcre~l lUld
<br />
<br />:mp"'IlWl1' ,Hlnhulablc to
<br />fenh, d ,HlV HI ;hf.: In~itnner
<br />"'I: pliVlllC'll, "hen due, dtlecth' In the
<br />I'U4l,':llIph. ~!l1.1 III the event
<br />"h~IKtHg ",d1 rannellls.
<br />Hcrrnwe' ,f!.lli 11>'1 be
<br />~ Ihb~;4tt' III '''l,t''~tHt'ti hv
<br /><>1 ",,'11 lIen II),
<br />
<br />'1"l(
<br />
<br />;11'!\, .;l-~H~ I~H:n;(.'t
<br />
<br />!n'..tHt~:ilJ
<br />r('qllln,;
<br />
<br />"UlI,)tl;!l pI
<br />
<br />pr'b'H.t.:d.
<br />i: tht,~ ln~ifU)~{
<br />'.:;H'{,.'Hy 10 the
<br />
<br />H~:~r!~ ~ ~'",... t,;',-<
<br />
<br />i't,~1t'~
<br />
<br />f.ep.u: (If
<br />,\1 (I; 19dge "
<br />~llH ~g:..}gt;.' ',,;.. '\ ;uId
<br />ra"j
<br />.\.11.(.. '!\ 1 r UTl1 t ht~
<br />t)t:n\~,6h, I ,(;:nd~~
<br />Ih;.,>. Propcn)
<br />
<br />~h,"~
<br />
<br />
<br />a~>q,U;}u:1:t(JJl
<br />~I"'a~ilm :md :\taUlt~_.rI<'.:o' nf
<br />ths': ,PhfP~~t:T} ~t~
<br /><A;'l\irtp~) t hi:!:.
<br />
|