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<br />r <br /> <br />L <br /> <br />I <br />84 - 003327 <br /> <br />UNIfORM COVESA "TS Borrower and Lender covenant and agree as follows; <br />1. PaymeJIt of Prindpal and Interest; Prepayment and Late Charges, Borrower shall promptly pay when due <br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note, <br />2. Funds for Taxes ..oel Insurance, Subje.:1 to applicable law or to a wrillen waiver by Lender, Borrower shall pay <br />10 Lender on lhe day monthly payments are due under the Note, until the Note is paid in full. a sum ("Funds") equal 10 <br />one-twelfth 0(; (a) yearly laxes and a''IC'<sments which may attain priority over this Seeunty Instrument; (b) yearly <br />leasehold payments or ground rents on the Pro~y, if any, (cj yearly hazard insurance premiums; and (d) yearly <br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds dueon Ihe <br />hasis of current dala and reasolUlble estimates of future escrow items, <br />The Funds shall be held in an inslitution the deposits or acc('unls of ,,'hich are insured or guaranteed by a federal or <br />state agency (including Lender if Lender is such aninsl;tulion). Lender shall apply the Funds to pay the escrow items. <br />Lender may not charge for holdmg and applying the Funds, alUllynng Ihe acconnlor verifying the escrow ilems. unless <br />Lender pay' BorroWff inteTesl ,'" the Funds .nd applicable law pennllS Lender 10 make such.a charge. Borr"werllnd <br />l.ender may agr... In wnlmg thaI inlerest ,h.1I he paid ()n Ihe Funds, Unl"", an agreemenlismade ()r applicable law <br />requires lntererit to be paid, Lender 'S.hatl n()t he.-: r~uir~d io pay Borrower' any. interest or eaming.~ on the'Furi:ds~ Lender <br />shall give to Il('rrower, w,thout (har~e, an 8flnual ""'''lOnting of Ihe Funds ,howmg credits anddehits.lo the Funds and Ihe <br />I'Urpose fOT ...hK'h each <kbn In the Funds w"s made The Funds.~ pledged as addllional securily for Ihe SU.{IlS secured by <br />th.. SeeU"". InurumeTll. <br />If {}~ if,I(,uiii i,f rhe Fimd,i held hy Lemkr, i'"ictha W'i:h ih~- futu~'-mcnthJ"y p.aym~~ts ~f Fuitds-peyable.:p;ic:.-to <br />I"" dll<' dal.,; "f ,.." '"""''' 'I"""', ';'all e.<ceed t"" amounr required '" pay the escrr:>wllems when due, the excess shtill be. <br />at 8om'w.".', "plt(,n. e1ths-r pmmplJy repaid t(. llormweT or credited 10 Borrower onmoolhly.paymentsQf Funds,Jflhe <br />arm",nt ,,r the Fund, held by Lender" not ,uilkient to pay the "",row ilermwhen due.. Borrower.hall pay to Lender any <br />amount necC'\."l&r~' 10 mai.e-.up th~ deti-ctn\cy Hl ont or more Pay-ment~ as required by-Lender, <br />LflOll po'ment in full ,)f all ,um"IXured t>y th" Seeuri'y Instrument, Lender~hJlUpromptJyrefulidtoBom:>wer . <br />any' Fu...:" held b,l~Jer If under ponlgraph l" the Properly" ",Id or acquired by Lendec, Lendersballapply, no later' <br />.han immod...tel)i prIOr 10 ,.." ""Ie "f 'he !'r"pen,flr liS iKlqu'''lton by Lender, any Funds beldby Lenderalthetiine.of <br />a.prlK'"AU()n at i! ctC'dl1 a,.aln~f the ,"um-\ !i6:urrd by thi~-Secuclty InstrummL <br />J. A~ 1>1 Pa,lII<i'mS. l' nkM, .JlPllalble 1awl'fllVldes otherwise, aU paymt'llts teceivedbyLenderunder <br />par'''ll'.ph, I and 2 ,hali be applied. finl, '" lale "har~Cll d.... un<lcr rile N,)!e; ..oond.toprepaymentehatgesdue under'lhe. <br />NOle. ,hotd, I." amount> 1""",,* unde, par"llral'h 2:.r<>urt!t, I" IOlereot due; and last,lO principal due, <br />4. CIl.arp5: U_, Botn'wel' ,shall pay all u...... --.menl.. duugcS. line> mid imposilions attributable 10 the <br />p,operty ..../lK.;, mal _lIaln l'fl'lMry,.wer ,h.. SeeUnfl IMlrumenl,wd I_hold payments or ground rents, if llI1Y' <br />}k-'rr{Y'Aict' "h.all p;a~' f~ [Jbt"allOo, In the, ._~ pro\'Jded In ~ph 2. or ,fnOf _paid-,m that ~~~.'-~: ~~_~ <br />poy'hem ,">n llrne dmxriy w ,.." P<""''''' ,,,,.-a; '.")"""'.'. Borrowe, >haI11'",mplly FurnlSb \(l LendM fill ooticespfamoUln:s~ <br />10 he f-'lU<l <l.ndet :1Ii, por."ral'h. If [10'''''''<1 "'''''b,n- payment. directly, BotTPweT sl!allpromptiyfurnishWl..erJdei <br />recctpu. cvlden~:miJ t~_ paymeut)_ <br />"'",r"",,,, ,h.1l1: 1"",''"!'l1y ,1'",,">:.' .ny l.tcn wl""h "... "rmmy O"~ this Security loslnuntnlunless l'lt:!rroWen(Il). <br />~feo. m .~il1tln~. Hi the', pa~ ~1 ,-,t thl':' c.bhpuon ~Llrcd b~, the hl:n in:" _~nC't' ~~bfr- to ~det':-(b)-cO.n:~-i~~~ <br />fa'lh the ,"'" l<y, ..~ ddrod' ap'.n_, ,,,,f'xcm>enl nf t"" Itm lO. lep.l pr<<eedins;s whicb In theLender'topmll:m~I~: <br />f'1"~rnl i~ Cftfr,Hiemcnt of the: hen or fi)ri~tu-re (11- a-n,y r..a.rt ttf~he Propn1:r; en'" (c)--~ute$, from dle-Jloh:1~cortPe_-,I~~:~;~' <br />a,g.r~' "'lni""h~r~ ,<:, l.emIt. "''''"dm"unlt the 1...., Ii> ~h..Se.;uriIJ' 111..rrumen.I,lfLettd<:r'dele/'!llmes lhal.a~y p.;rt.<\f' <br />I~_ Pr()f1I'~ti}' l' \U~!, to :a IJd! whu::h rn.y '3llain Pf"_l(Jttt'~' over _lh-'" So;Urity hm~ellt~~Utridcr-'-may~p~-e':Botrow<<-__~_ <br />",'.ICe 'd.enttlymlt ,.." I"" ROffCO"'.". ,hall "".l>\."hellCtl of tak. ooc '" IIlOl't of the.lICllOnil"'~ forth above Withln,IOday$ <br />(7f' fnc '1"-lna~~-ovtk,;-~ <br />S. Huatd I............,., R.,wYIO,,,,.hall ke"l' the t"'I"'lVemen.. now emtinlor hereaftcr erected OIl lhe. Property <br />Unt.lfo::1 a,au~{ -kl!'\.. h, -t1fe; -haunt.. toc't~ ~'1th~n_{bt 1~ '''(',l,tmdcU ,"("'-CTal~~' and any__ath<< ~_rd$-~or-:Wbl~ ~~d.er,. <br />fC',qunn 1f1WU1~Kc. rt'U!I_ ,MU-fant.;'( \hAU hoc m./iunhtU~ m the JI_m-ounr~ i1nd, tor-'IM_ pet'<<lds t-il:at _Lend.:Cf.-J'eq-wres-,_ 11lf::'~ ~ <br />inwfan..:'~ ,,'.arflt<-f PhH,'w.hng the t:n;;.uf'afl\'t', 'iihall ~ (--ik~. hy 'Roffv\\'cr su.~"1 to ,LendcT)dlpptO_val wh.:ich,:slUttl--nQfbC:':~, <br />un'euoti4hi~- \\ Hhh-cki <br />AU'''...''''...., P'"":'",," aoo le"".....l, ,haJi he "".eputhl. toLettder andshali in.;:lu4elllitlmdarll.IllQtt...(/el~ <br />~.wI ha,. rbe.ligl.. W h,Jil the IX""..... iO\ld ,-",Ilk If LeAd"" nq~~ ~p~P!lyyX!t!O~ <br />..II """"1'1' ,,r f'il"l P''''...u.... and ra>ewal net"'''' I" lhe ev"". of lolii, .Bof.<>WCr s.hliIIglve promJl{~ I~iml ~t:'lUllli: <br />"....nuandl.rn;Je'.t"">detmapn.u;epr.."',.(k...ifnottUltdepromptIYbrBom:lwcr, '.' ..... .', .>"<' <br />u'*"" l...-Ie'-.lllor"'...."" ,,.~'W.... ag''''' in"'nuns,in:o_prOQCedl; $luill. be app.lied<<>:r~'Otf<lll8ir ", <br />,If the r.operty dal1l~l,'llhe ,,,,,,,,..t1OO '''''eplW .. .<;<:<~y f~,,"c:l L........_nt;ii& not ~1Id;.lI',tIlo <br />r~...,"", repillf" "'" ....w.""""'ally ~e '...Lendeo"SlleCuritYwouldbel~tbe~~$ilaUtiIl <br />applied w tbe ""''''._u,,.;I by tit.. s.oc"mt lft6.\rUBUmt, whet>>", or.llQl {!ten due,Wilba1lyn_~PllidlO~",..lf <br />llorw......r aband<.>m ther.<>perty,,'f dooo ",It atUW<;f ..,tlun JO day.,al'lOli<;efromLenderlltattbe.inMII'llfWCClIrt:i~Iu!s' <br />'&ed t<> ~tle .~laiu., .hell ls'nder may C,-.!le<:llhe .fl$.Un",,,, l'roceeds Lettd<:r may use1he pr~lOrepmPTl'CllI~ <br />thef"ropc1'ty ",,,. .f'll) ""..._....,.;1 by tho> Secuflly fn,uVIDCnt, "'hether'1T nOI titen dllC, The3ll-day ,peri6d~lbCgin <br />wilen the 0QU,;.e" 11""', '- <br />Unles.> l.atde, ..na Dorm'...r ,>the,w,,,, as''''' III writing, any applicati<:ut of pr"""""" 10 principaJ $hfl1I, not .x_doT <br />pau",_ the tI.... date of the _"Ihly paymrol'\ Iclared ,,, in pa.ravllpM I and 2 "'.~ lhe.amowtl oflhe paymcn4. If <br />\lnderIW"lVaph. 19 the P"'pert y IS a"qwred ~ l..,,,d.:r. Bon"....r '. nght lOany' lrur.uran~ pol","", and proceeds,.esillt~ <br />from ~ 10 the. P,operty 1""" IOlhe 4'qUl1>tU'lfll>hall pa$$ t" Lender '''' IhnJ<lent.oflbe wmnecured by Ibis Securily <br />1n.\t_fUMmt i~i.tur-l)_ pt)(\{ ~('; the ~qUJ"I,lOfi- <br />/>, l"naenatioa AIld M....{OftIlfl<< 01 Proper1)', Letuehold$. Bor."lWer ,hall not destroy, da1nltie. or substanlially <br />\:,hans(- the Ph-,x't1)", alk~w the Pti)f'(-rty h5 de:trt.Y..'lralc Of' 'c'Ommil y,,-aste-. Ifth~ Security .InSU:UrllenllS on 8' k:a.Rhokl.. <br />ik'tfT(:t\lo-t:.t SifuiH -...""ilOlrlr w~th. fh~ 1~f.(~_"l~_~("flS of lhelea).:C~ and if Borrower acqujres fee titk to the -Propcrt}\ the ~d-and <br />f<<tille :\haI1...,.lll<lF!,lllu,.. l..n!dcragi..,. h) Ih" me,... m wtlting, <br />1. Prou<<iM uf .1...Imder'$ Rlglusm !he. Property; Mol'tllllF 1_....."", If 8orww", tinI. to perf()rtn the <br />~(l~e'Mn'\ ~ 4f.rl."'t11W~1Ujj ~vnwn<<l tn' t.hi~ X",-Ullt.y .1,M~rulTl<n(. or t~re i\ a lepi, pnlol:e-edillg that may _~injficanll)"- alcct <br />l.cnd:et,'" flIDl-'% m the Pn.lofXny \'$uch, ib a pf<x'.a:drng 1n ban~rur~~y. probitrt\ iN ..::ondrol.narion tJf tQ enforce la';\'~_ or <br />f'e3...1al~_,. lhe.-" lroder "",y a.'and par r.", whalever i. ne<:n.'>4rl In I'tl)l<<-t 'hevalueor IhePmperty and L.nder'.' nPlIS <br />1ft tl'w Pr.tt); l-endtf\: khon~ may i-rt.:lwk pa,IOg at1~. \um~ ~ur-ed h)' a hrh "'h",h has pri(~rH,.. (t~er fhl~-Secorlt)' <br />l~r"""'nt.af'P<'lnn3 m ,'O\Ir1. ""rIO, ,,,.,,onable an""",y,' r... and "ntering <.m the I'ropen, .<, make 'epa"s, Allhouih <br />Lendff ltl>\l.itli;e ..:t.k'ltl und<;nh.. par"tl'aph 7. L",ntkr don "'>l.ha'e 1"d,,IW <br />Any WJ(""" , d.shur"'" l>y l.rode,,,.><kr th.. fl4!"St3ph 7 .shAll """,me &4alli,;n"l debl "f fl,;,rwwcr """Ul<<l by Ih.s <br />Sot'...,'U) I_Mtr~,urJdtt. Vnm, fti)TU)wtr -~ Le~- ~r<<_ Ii.) (1tlwr)~r~s;_p(-~m, t.he~_"'t~WU1)t-~ ~hall bc.a.f,tnt(;r~t (f(~m <br />'be_ 4a~ t~ J~~m-en1, .t fht' NN~ fa-t-('. ttnd ~MH ~ ~Y'jt~lif;....~fth., l1d~'" l,Jrxm .tH_~fh.~-t from -l,cndt'f 1t\ B()'-.ro\\,,'er <br />~!llj! l")'.menl <br /> <br /> <br /> <br />