|
s� __ _
<br /> ...�,�w� _....___..,f_.. . . :--_ — _- � — -
<br /> �---- -,�.
<br /> ` - °-� 96--��8,� `:.
<br /> I � TOCiETHER WITH dl th� In�prov�te now or hx�atte �n.^.t�d on tha prap�ty, snd aM wsa�t�, �PPurl�unca�. �nd
<br /> I �xtutq nwv Cr hKMM�r�part ol lh� P+opMiY. A!I r�Cani�nte and�dcfition�shaN alao W cov�K1 ay tha S�cutity MsUUnwnL `
<br /> i J,y ot ih�lorpolnq Ia rN�rr�d lo h Ihls S�a+�ItY 1n�uu^'M^t u Ih� "Prop�►ty' _
<br /> s 80RRONfEft CAYENANi�I Iha! Rarpw�r ir �+rp�y s�� o! tfi�satt�tR h�►�by ca+vrf'rd anai ha� t1t� rlphl tu qtYnt snd �
<br /> conv�y thR WoptNty snd H►�i th� Piop�rty Ia unr►cumband, �xraPt lor rncumDuu+cK ol r�wrd. Bunowat warrant� and wW
<br /> � d��d QwNrixy ttw t!W l0 1M°ropnty aq�lnst�II c.ia+ry and damanM. sub�rCl to s�ry Mtcunt0+ancaa ol��COrd
<br />_ � TH19 SECURiI'V INSTRUMENT caMhai unNarm cov�ta lor �atlonal ua� and nan-unNam cov�unts with hn►�t�i
<br /> • v��,+r�. ti�a�.iaA�Hin.i to cort�titut�� unNam Ncwiry Inst'umenl co�Kiny rM!P►uPeN- �
<br /> - � . �_. �
<br /> UPIIFOAM COYCNANTS. B.xrowwr�nd L�nd�r covmant ana apr�ra ioiiows
<br /> . . 1. F��►ym�nt oi Priryatpiu � teutaPa:i: P�a,�:Yman! �n�! l,ai� Chs��u. Borrowar•tuM exarwNr wr wn.n �
<br /> due ths ptinclp�l oi and intew!on thQ daDt wkl�ncad by th�Not�and w+1 iu�P+Y�++�+�+►^d lata charyos du�un�r tha NQt�. �
<br /> ' � � 2. Funda t�r 7lucis snd (t�suru��.SubJ�ct to oPP=+��taw o►to �writt�n wr�w by 1.ondx. eo:rowar stu�i p+ . �
<br /> ` to Lend�t on th�daY mo+11hly WYmrnts�n du�urtdt th�Nolo. uaGl tha NoU la paid in WY, • �um('Funds') for: (�)Y �
<br /> ' � tazas ana ass.ssn,�,se wr�fch m�y oc�:.:1 ptic.�tty over lnb s.curity Inssn,n►�r+t u . r«, on cho Prop«ty, la) Y•�r Muar, -•
<br /> W1'��ts w pround nnts on th� Propwty. if any; (ol YM�Y hazard or PrcP�'ty fnwrAnc�P��+mr (d1 y�Y��inturan °
<br /> � pnrtaurt�. d�ny: (�) Y�N��9�4�inwrancs pranium�. d�ny: �r►d�} any wma paYabN bY �'s� R�ns��caY�d Esr�ow �
<br /> wRh th� Piovistons oi P�++9�Ph 8� fn M�u of th� paym�nt ol mat9a0a InwrwfG pnrNums• -
<br />' Items.' lender may. �t �ny ti�n�, coN�.1 and hok! Fund� In on unouni not to wccMd the rt►txkrwm unount � I�ndM ta�
<br /> • Ar,�t o�974 a�d�d trom tii w to Wns,12 U.S.QC.���2d0 M s+Q. ('RESF'A'�untea� uw�thar I�w�Rs1 ap�pli�t to tha��nd� `
<br /> : � aot9 a Fa:+:r a-�au:�i. N �o. La��� rrM;.= eny lkr�,c�1 nnd hold Funds in�n arnau+t not to �ceMd tha I�ssr uno�u�t. �
<br /> L�ndr rt►�y�sri+u�t�tM amount o1 Fundr dw on tho bas:a o1 cwrmt d�is and roason�bla �stimata of�cpmd'ihx�s ul �LUa
<br /> Escrow fiarn�or othrwtss fn�ccardance wbh appWcaW�I�w. �
<br />: .j Th�Fu�ds stuW be hMd in�n insttwtion whose daposita rre insW�d by�tedKal a9ency.insWmar►Laity. or�►tilY M�+�9 �
<br />� Undar, if Lender b such an insUtutbn) or in �ny F�ai Hana Loan Bank. Lender ahaY appN th�Funds to pay tha Escrow __
<br /> the Funds. annwlt�l analyzi^9 ths �saow �ccount.or va�ityhp —
<br />; � Rwna. Lendar may not charge Bartow�►tor holding and apdY�9 �w Lend�r to m�fa wch � _
<br /> th� Escrow ftams, unNss Undr paYs BorrowK i�trast or► tho Funds and appW:aDie Pa�s
<br />. 't d►uy�. HowMr�r. Lsndr rt►�y nquk� 8arow�►to pay a on�tlm� chuy� tor an Ind�Pen�t n�l sstatr tvx r�pa�ir+�r�de a
<br />:: � uaad by Und�r in con��ction with thb foan, untea applicabi� Mw provid�s othorwis�. Unkss a�� a�srrKr+
<br />,:,�� �ppYcaW�kw nC�p Intwast to b� p�Id. Lender sh�l not b�nquind to pay Bortaww�ny int�nst a w��Yiqs on tha Fuede.
<br /> �C �, Butrowr and ler.d�r may ayr� i�i w���fl, tscws:�. that �t ti! :h� bc Fs'd on the Fur.sh. LendK �9�'�tor�whY.�iac�h
<br />;:_:� vatlwu!char9�. u+ annual aca�wntln9 W th� Funda, showin�aydita and doDRs to ih� Fwads and ths purpose
<br /> �p d�Dit to th�Funds w�s n�. ltu Fund��ra pNd�ud as adctitiw�ai c�curiH tot a1 sums soawd by th�S�eutily tn3Enu�w�t.
<br /> H ths func�hald by L�nd+r esccead th�amounts pwm�ttod to De heid by appiicaWu t�w, UndK shd account t� I?omowK
<br />: tot the�cc�ss Far�ds h accord�nce v�ith th���^ts a oPP��'�,n ths unount o1 t1►� Funda haid by L�n&�at�ny
<br /> ' Ums is not suf�cfent to pay th�Esaow ft�ms wh�n due. Lender may ao naiy BarowK fn wriNny. �nd.h such cas�Borrowr
<br />'�� ahaY pay to L�ndr th� ainow�t narwswy to m�k� up the d�6ci�t,Y. Borrow�t shar rtuks uP 1h�d�J�nsy in �to�sw►s tMn
<br />.� ewMv+mor►ihlf►WYRw�ts.d UtKiar's soN disctMlo+ti• n(und to 8ortow�ac+y Funds
<br /> �k�'� WY��t in tutl�09 sutns srcurod by thb SeCUi3y Instrun�nt, Lender sM�tl promptlY
<br />'�� Awd by t,endar. ff. undar paraS�Ph 21, Lenda shaM acquic�a sdl ti�Prop�rry. L�nd�.P�►to tha acquisklon or sa� ot the
<br /> � RnpKIY. shr'1 4i`PN NY Funds hdd by I.�nder at th�tims ol�cq:a�c�sale as a credii+Whst it�sutns s�cured hy Nis
<br /> ��'� ts rsuk�d by L�nda und�r
<br /> :.� �3�. Ap�on of Paym�rfb. UnNss appWcabN 1aw �.i�e. olhawis�. �1 WNTM^
<br /> Dz,�qnphs 1 sr�d 2 sh�b��ppWd: Arsi, to�ny phpaym�nt cha,yes d.o undr tha Notr, sacond,to�n+ounts p�y�D{� �xx1r
<br />,`%. p�¢�ph 2;2llicd,to htwst dN:tourth.to prk+cip�a�due: �r+d�sst ta any Fat�clw9�s dw undr th�Not�.
<br /> 4. Chae+�s; U�ns. Bortow�r s1►a� paY �1 tsuus. assessr.�nts. aharoM, sn�s ond impo:ldons attribulabN �v tlf�
<br /> �` Prq�atty whfci�m�y�in p�iorMf/ovr ttQs S�curYY Instrum�n� �ni I�as�6�cid WNn�nts a'9row�d rn+is,ff �ny. Ba+raw�r sh�f
<br />:� p�y�Ma�obi�ions b the rtyru�er provid�d fn Paw�nPh 2. or G ttc�p�6d in tl�t ttirr+v. Bamwr tlsa0 paY th�n on tla�
<br />'—�i . �..�:�y N,r:�..-'w..=a�;.,.�....... gti..w+r s�,sn nro�rotk 4umkh t: Cer►dK V notlas ot�mounb to b�P+b���s
<br /> .=3 p�t�g�ph. N Borsnwr nw8uea tiwsa p�y'rTSattit+ c�rac!!Y. 8o�iow�► ahall P�P�f► fimkh to I.�nWr ncepts svio�a� i�
<br /> P�Y��►ts.
<br /> '�� Borrawer shall promPtlY daciw9��nY lien which ttias priority over this Securily I�suumant unias Bo�rowr: (�I���^ -
<br /> _�' 9 to Lw+dar (b)conta�is In yood t�utfi th�
<br /> 3 writtn to U» pal+nwnt oi ths obiiy�ikxi secwrsd by th� fien In a rt�ru�e►w� Und�r's opinbn oPerat�to prw�nt the
<br /> Wn by� or dr4�ads�4�t����cf th�Y�n in. {eqfl Proc��
<br /> — M1kXC�ItM11l C�the Ii011: O�IC)SOUXAi ACIR LNO hOWOr O�th��IAfI N �¢M1qM11��SO LM1dK fY�Of�lllalhQ tA! W11�O
<br /> ___- ��ty�l H Und�r dd�rnhw that any P�01 the Property i�sub�d to a Y�n which awy a�Lin Prlor�Y ovr tl�is
<br /> S�axity tn�hunwnt, Undr mr� 5�+� BoRaw�r�notke iciw�ln�th�iMr►. 8orrovwr s1�1 salktlr ths Iwn w t�fu on�or�won ot
<br /> th��tlon�t�t torth�bow wit�ir.!10 d�ys of th��lvinq t���a. or harwMr� on th�
<br />-- 5. Hazard or Prop�Ry Inwrancs. Barow.r sail ic«p th.i�+prov«nw+ts+ww�dwnp
<br /> —° P►opwty inua��lnst bss by tin� lyx�rds IncWd�d withln tM ta�'�rnd�d eovotaq�' sa►d any ottw haard�.�cJudn�
<br /> r�'a foodt or�OC�'+,ti. ta wNch L.�ndK nquYy Ins�uana. TAk hsurmee sit,�f,p b�m�intaY��d in t!►���u�d for th� p�tiods
<br />`�.s._ vf�.L�ndK nquiras. Tht ia:ranc� ca�rfK providin9 th�Insurana sh�Y b�chow+ by 8orrow�►suq,�c4 :o L�ndr's�pproval
<br /> --- witich shal not be unr�asanit9lv wRt�h�bd. N Bortowe►hYs to m�inLln coY�r�qe �b�d abov�. L�sdr my�.at f.,e�wf�r'i
<br /> ��� opflon. obLin cov�i�W petGZCi Lendlr's tiyhts in th�ProperC�l in�ceard�nc�with C�r"�Ph 7.
<br /> A/ irtaura�se� Po�ei�s md ra�arwts sh�1 ba acaptabk to Under and shal inciisd� • sW�dard a�ortQa9� �:sY- Lxide►
<br /> �- shar haw th�ti,�t to hold tM Poiicla
<br /> ornd r�nwvals. H LendK nq�kne. Sortowr chal Pro+�RtlY qA%�e to Und�t t!noi�i of
<br /> P�Pt'�s�nd ron�wal notlees. In ti�e�ewnt of loss.Bor�ornr steali�hn proe�n notbe to the Yesr:r�a cartier arb C�nd�r.
<br />.'?�� ���nry m�fcs proot of bss i!not m�d�promptly by Baaowr. to nstontla� or�i of tha
<br /> # unNss�.ender.nd soROw«oth.nvise� h w�4�Inw�a�,oe a►oa�s shall a.ppilsa
<br />�i f propMry�d,N th��taatioa or r�sir i��a"ar�e�tY��°and L�ndK's s+c�xfl5►!s not fQas�+�d.M th�tiaeuratlm cr
<br /> � r.p.ir ts na.00r�omir.alN f�a++b+�«L.rtar�a s.a,rity w«Ad t»fas�►.a.tr�.Inwrana proc«ds ah�a o.appli�d to u,.sums
<br />...,�� s�qx�d py tlsfrt. SeauilY kutrurn�nt, wheliwr a not then dw. with any �ss Paid W Borrowr. (f Bortowr ab�ndot��th�
<br />.�'�"� ProprtY, or cfas not�nswer within 90 dr�s a notice trom L�nder that th�Insumce c�rti�► h�s oK�sd to s�ItM a ddn�,the:�
<br /> L�ndr rrry colect the lnsuranc� Proceeds. Under n►�y us� th�pcocwds to rap�ir or restoro th� PropMly a to pry sums
<br /> ��� s�airW by this S�a+riry Instnimant,whethK or not thw� due. The 90�day period wi�b�yln wMn th�noticce fs yhnn.
<br /> �, Unless L�ndr and Bcnvwar oth�wiss �� fn writinQ. any appiicat3on of proc�eds to prinapa� shaM not �d�nd ar
<br />` I p�tpone the due drt�of th� montl�lY WY�^u rMwr�d to in pVayrap!►s 1 a►d 2 a chan�th��nio�x�t of ros��kom
<br /> ��ie tutiwr par+if��� 21 t!�Pra,�i�i�r�-'''=�4; �ender. Roaow�s rioht to�ny hsut+M�CO P�s�td Pro�ads
<br /> -.:��� drnpt ta ttN PiropwtY Prbr W the �cq�Isitlan shV Pus to Lendr to the a�d�nl 01 the aums I�y it�a S�Cwity hstrua�nt
<br /> �_s •, hrn�6�trN P�to the acq�awtio�• Bort+awW'� Loan
<br />>-�_�- � 6. Occupanry, Pns�rvadon. Mainbnand and Prabctlon of th� Prop�rty;
<br />_ . . qp��{p�; �„�fplds, gorrower shal occupy. �ct�blish.�nd us�th�Prop�ry as Barow�r's princip�!n�id��within
<br /> ,.' � �y d.v, .Mr u,. .x.aAion a this se«uicy M:Uun+.ni e,a sh�Y c«,ww. w oc«�py tn. ProP«cy .s eoROw.r� whap.�
<br /> r�c�tor at Nasi ons yMr aft�►th�dW of oca+P+neY. unioat L�t►dw oth«wis�ayrws b wriW►9,whlch cans�nt sIW not
<br /> b�urw�asw�abN withhald.a unl�ss uQ�nuattn9 cJraxnstanas �odst which aro b�Yor►d Barower's contrd. BoROww shd not
<br /> . ' � ��rpy,d�y� or Yrpa'r tM PropwtY.�tow tt�Ptop�rty to d�tMlorW. or canr�it wast� on the Prop�rty.Bortow�r shal bs in
<br /> , � a.auu d�nr t«rwur.aclia,a v��9� wnatnK eivil or c.�imiwl. b n.pun enat in L.na.Ps yood titn�uayrrw►t eoufd nwN
<br /> in lorhi�us o1 t!�Pro�puty or o�e m�tai�M�/inV+r 1h�iia^a�tb by thls S�curayr inaWment a leadr's sewrih int�rest
<br /> Ft316.11I0 Cl/oS) P�qe 2 ot S
<br /> , �
<br /> •i
<br /> � f 96001
<br /> � � _—_._.....�..u...=
<br />
|