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l\I! <)It\S (~O\ 1\,~\li 13„rr„~~~r :in~t I.`n~lcr ~~~~~cnanl anJ acrrr li~llu~cs:
1'a~~m~nt uf I'~incipal and Inicrest; Prcpaymrnt and l.atc Char}~cs. 13urroHCr ,h,~ll rr~~m~,U~ ~:~y ~~I~cn ~luc
Ilic ~rin~i~+~l c~f and intcrest un Uic Jcbt c~i~lrnccJ by thc \otc anJ :~ny' ~rcra~mcnt ;~nd lalc char~cs ~luc undcr tt~c \utr.
~~Ilnds (u~ ~I~:~~t•s and Inlurancc. tiuhjcct io a~~rli..~Mc la~~ c~r t~~ a Hritlcn wai~cr h~• I.cnJcr. 13~~rro~~~cr slu~ll
rr~~~ t~~ I cn.tcr un Ihr ~la~• nu~nthly rri~mcnts are duc unJcr ihc \~.tc, until thc \c,tc is r:~id in full, a wm ("Funds') cqual lu
~~nc-t«clf~h ~,C (a) }c:uh ~axcs :?ncl ;~.scc:mcntc ~~•hi~h ~na~' :~tt:iin ~riori!y avcr this tic~urit~' Inctrumcnt: (h) yrarly
Ir:?:cli~~l~l rri~mcnts ~~r tn,und renls ~,n thc Prorcrty, if :~n~; (r) }'c:~rlt tiarard inwran~c rrcniiums; :in.t (~t) ~c:~rl~•
nu,rlg~~gc in>urincc rrrniiums, if :~ny. ~I hc<c i!cros arc c:~llc~l 'c:cn,w itcnu." Lcn~icr ma~' c.tim:~lr thc Fun~is Juc on ~hr
!7:ni; ~,~~~urr~nl J:~ta .inJ rr:~sr.nahlc c:tim:ucs ~,f futurc csrruw itcm:.
I I~c 1 unds :h:~ll hc hcld in :~n in;titutiun thc ~lc~osils or arr~,unts of ~~~hirh arc incurcd or tu:~r:?ntccd h~' a fcdcr:il c,r
.t:?tc :i~rniy' (inrluJing I.cn~lcr if I cn~lrr i. ~ucl? an institutic.n). I.rnJcr sh~+l! ,~~iy lhc I un~. tu ray U?c c>cru~v ilcros. +
LcnJcr ni:~~• nM rt?:~rgc I~~r h~,IJin~ :in~1 ap~hing thc I~unds, an.~l}~zing thc accuunt or ~critjing Ihc c~rro~r it~ms, unlcss s
I rn~lcr p~?`s 13~,rro~~cr intcrrst on thc I unJc :~nJ a~plirablc la«• pcnnit. Lcn~lcr tu m~ikc such a ri~ar~,c. 13urro~ccr and
I.cnJcr m.~y :~grcc in wri~ini t!?al intcrest shal{ hc ~~aiJ ~•n thc I~unJs. l..nlcsc an agrrcmcnt is ma~1c or :~prlirahlc la«• ~
rcyuires intcrc~t to bc pai~, Lcn~cr shail not hc rcyuircd to r;~}• 13urroN•cr any intcrect or c.~rnings un thc I~uncls. I.cnJcr '
.hall gi~~r tu 13~xro~~•cr. ~~ithc,ut chargr. .~n annual accounting uf thc I~unds showing credits :~nd dcbits to thc I~undc and thc ~
r:,~ „n~~n ~ach ~Ichit tu thc I unJs ~~•a: ni~idc. ~I hc I~unds arc plr~ltcd as adJitional sccurit}' for thc surns sccurcd h}• -
tliis Sc:un~~ Instrumcnt. ~
If thc :imc,unt <,f U~c Fun~fc h~ld b} I.cndcr, tugcthcr ~~~ith thc (uturc montlil~~ pa~•mcnls of 1'unds pa~•c~blc prior !o ~
liir ~luc ~latcs c~f thc csrro~~• ilcm:, ~h~~ll cxcccJ thc amc,unt rcyuircJ to pa}• thc cscro~~• ilcros w~hcn duc, thc cxccss shall bc, ~
:it Rorro~~~cr's option, cithcr ~r<~inpil}• rcpaiJ to i3orro~scr ar credited to Ilorrower on monthly payments of I~unds. If the ~
:in~.,uut ~,f ~hc I~un~s hrW h~ Lcn~cr is nut suflicicnt tu p:~y U~c cscruu• itcros ~~•1?cn ~luc. I3orrowcr shall p~~~~ to Lcndcr am~ ;
am~~unt ~ic~css:~ry t~~ makc up tlic ~clicicncy in onc ~r morc pa~•mcnts as rcyuircd hy I.cndcr. i
l'r~:~ ~a~mcnl in full ~~f _~II sums sccurcJ by this Securih~ Irstrumcnt, LcnJrr shall promptly rclund to Borrow•cr ~
any I un~k hclJ by I.cndrr. I( undcr paragrarh 19 thc I'ropcrty is solJ or acyuircd b•y I.cndcr. I.cndcr shall appl}'. no latcr
than immcdiatrl~~ ~ri~~r to thc salc of Uic Pmpcrt~~ ar i4s acyuisition M• I.crdcr, nnY I~u~ids hcld b}• Lcndcr at thc timc ~~f ~
ap~lirati~~n a. a crcJit ag.~insl thc sumc securcd h1' this Securit~~ ln~trumcnt. ~
3• .~pplicatinn ot 1'a~•mcnts. l'nlc.t arplicahlc la«• ~rovidcs othcn~•isc, all ~a~~mcnt; recciccJ hy I.cndcr undcr
{~aragrarhs I and 2 sh~~ll hc arplicd: lir:t, t~ lalc charEcs ~liic undcr thc \~,lc; cccond, to ~ircra~•n~cnt ch~r~,cs duc undcr thc
\~,tr, thirJ. lu amc,unts p:i~•ahlc un~cr paragr.~ph 2: fourlh. !o inlcrest duc: and I:~st. to princir:~l duc. ~
4. Char~;es; I,iens. Rurm~~~cr shall r~i}~ all taxes, acscssmcnts, charges, fincs and imp~~~itirnis attrihulahle t~ the i
Pmrcrty ~shirh m.~~• :ut:~in rric~ril~• ~~•cr thic Sccurit~~ Inctrumcnt, and Icacchold rati~mcnts ~~r ~,ro~ind ren4a, if am~. ~
13urru~~•cr .h~?II pa~~ thcsc ~,hli~ati~,ns in thc ma~nncr pro~•iJcJ in paragraph 2. c~r il~ not paid in that manncr. florro~~•cr sh:~ll i
~:+y' thcm ~n limc ~lircctt~~ to ttec pcrsnn o~~•cd pa~•mcnt. isorrc~~~•cr ~h<ill prom~tly furnish to Lcn~cr atl noticcs of amounts
tu hc paiJ un~cr tt~is paragraph. If t3orm~~rr m.ikcs tiresc pa~mcnGs dircrU}•, l3urro~cr shall prompUy~ furnish to I.cndcr ;
rcccipts c~•idcncin~ lhc ~:~~mcnts. ~
13„rru~~cr :hall rrc,mE~tl~~ ~1i~ch~irgc an~~ licn ~~~hich ha~ pri~rit~~ ~vcr this Sccurit~• Instrumciri unlccs 11~rro~vcr. (a)
:igrccc in «ritin~, to thc pati•mcnt of thc ~~hligatic,n sccurcd hy !hc licn in a m:inncr acccptahlc to I.cn~cr, (b) conlcsts in g~od
f.~ith thc licrz h`•, or drlcnds against cnf<+rccmcnt of tli~ licn in, Icgal procccdings w•hich in lhc I.cndcr's orinion opcratc to
~rc~•cnt ihc rnli,rcrmcnt of thc licn ~~r Gsrfciturc of an~• part of thc Propcrt~•; or (c) sccures from thc t:uldcr of thc licn an ~
agrccmcnt ~ali~l:t~t~~rc tu I.cn~lcr suh~~rdinating Ihc licn to this Securit~• Instrumcnt. IC I.cndcr dctcrmincs lhat anY part of '
lhc Pr~~rcrt~~ is suhjcrt lo :i licn µhieh ma~~ attain rric,rit~~ oti~cr this Sccurit~~ Instrumcnt, I cndcr rnay gi~~c (~~rrowcr a
n~~tirc iJcntifjing thc licn. (;c~rr~n~~rr ch;ill saticlj~ thc licn ~~r takc ~nc or morc ~f thc actions set forth abo~~c ~~~ithin 10 da~•s
~,f thc Li~~ing ~,f n„tirc. _
S. I Itiard Insur.mce. 13~~rr~~~scr .hail kccp tlic impro~~emenLc now~ cxisting or herca(ler crerted on the Property
~ in:urrd ~i~:iin~t I~,.s ht firc. hazarJc inrlu~cJ ~~ilhin thc tcrm "cxtcnded co~~cra~;c" and an} othcr hazard; for ~~~hich Lcndrr
! rcyuires insurantc. I liis insurancc ch:~ll hc maint;~ii~cJ in thc amountc and for thc pcriods that I.cndcr rcyuires. "I hc
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in~uranrc ~arricr rrc~~~icling thc iii.ur.~nre sli:~ll hc chuscn bv {3orm~~~er suhjcri to I.cnJcr'~ appro~•al w•hich shall nut hc
unrca:~~n:~hh~ ~si?hhclcf.
E ~~ll in~uranrc rnli~ics an~i rcnc~~alc chall hc ~icrcptahlc tc~ I cndcr and shall includc a standard mortgagc claucc.
I.cnacr shall fi:~~•c thc ri~ht t~~ h~~ld thc rnlicic~ and renc~ealc. If Lcndcr rcyuires, I3orrm~~cr shall rromptly ci~c t~ I_cnslcr
f :ill rccci~t. ~~f ~aiJ prcmiums an~ rcnc~cal noticcs. In thc c~•cnt oCluss, f3urrowcr shall gicc prompt noticc to thc in~urancc
rarricr ~+nc1 I cndcr. I.cnclcr mr~~' m:~kc proof c~f I~~cs if not madc rromrtly b~' 13~rroti~cr.
L nlcsc I.cndcr and R~~rr~~~~•rr ~~thcn~•isc agrcc in ~~riting, insurancc ~rc~rceds shall bc ap~lird t~ rcstorati~n ~r rcpair
t uf thc ('rc,rcrtt~ damag.cJ, if thc rcct~xation ~r rcrair is cc~~nomically fcasihlc and Lcndcr's ~ecurit~• is nut Icsscncd. If thc
~ rrsloraliun or rcrair is not cconn?nically~ Ica~ihlc or Lcndcr's security ~sould bc Ic~scnccl, thc insurancc procccds shall bc
{ :+rpliccl tc, thc ~ums cc~:urc~l h~• this Scrurit~- Instrumcnt, w-hethcr or not thcn duc, «ith an}• cxccc~ raid to 13orr~~vcr. If
" 13~~rrcncer ah:in~1«ns the I'rc~~ertt~, ~~r Joes not ans~cer ~vithin ?U da~~s a notice from Lender th~t the incuranie carrier has
~ ~~flcrcd to sct!!c a claim, thcn I.cndcr may c~llcct thc insurancc procccJs. (.cndcr ma}• ucc t}~c procccds t~~ rcpair or restorc
~ Uic Pru~~crt~• <~r tu pa~' s~~ms sccurrd b}~ Uii; tic~urit~• Instrumcnt. ~~hcthcr or not thcn duc. ~I hc ?0-d:i~• pcriod will bcgin
~ ~chcn Ihc nuticc is gi~en.
; l r,le« Leu~ier .~nJ 13a~rm~~•er othern~ice agree in «~riting, am~ arplication of proceeds l~ rrinciral sh;~ll n~t exlend ~r
~tr:tr~~nc thc duc ~!a(c r~f thc munthl~ r:~}mcnts rcfcrrcd U~ in p:~ragra~hs 1 and ~ or ch~~ngc thc am~~unt of thc ~ayments. If '
undcr ~ra ~r ~ h I~) 1hc I'm crh~ ic ac< uircd h~~ l.cndcr, R~rm«~cr~s ri ht t~ an incurancc ~licics and r~~cccdc rcsultin ~ j
~ f~ t~ ~ f' f' ! ~ 5' P P b ~
t Gum ~t:im~~gc t~~ thc 1'r~~rcrt}' (~rior t<~ thc acyt~i~itic~n shall ra~s to I.cndcr U~ thc cxtcnt of thc wnu sccurcd hy this Sccurity
In.trumcni immcdiatch~ ~rior tc~ ~hc ~~cyuisiti~n.
~ 6. {'rc~cn~ation and ~taintenancc of Propcrh~; I,caSCholds. i3~~rrrn~rr ch:~ll n~t dcstr~~y, damr~gc or suhstaniiall`~ i
~ cl~:~n~c thc Pro~crt~~. ~illmv thc Prc,pcrt}' to dctcri~~rntc or cornmit ~~~astc. If this Sccuril~ Inslrumcnl ic ~,n a IcascholJ,
Il~~rrc~~~cr ~hall c~~mrly with thc pro~~i:ionc of ttic lcas~, and if i3or;o~~•cr acyuires fcc tiUc tu t?ic Pru~crly, thc irasci~old aiiJ
(cc tiUc :i~:?{I not mcr~c unless I cnJcr a~:rccs tu thc rncrgcr in N•riling.
7. 1'rotcction of Lcnder's Ri~;hts in thc Propcrh~; ~tort};a~c Insurancc. II~ Ilorraticr faits co pcrform thc ;
c~~~~cnants ;~nd :~grccmcnts containc~ in thi~ Sc~urit}• In~trumcnt, or thcrc i~ a Ic~al ~rocccding that may si~nificantl~~ allcct
I ciidcr"s rightc in thc I'n,pcrty (~uch a~ ~ rr~cccding in hankniptc~, ~r~,hatc, fc~r con~lcmnati~,n c,r t~ enf<,rcc la~i~s ~r
rctulali~m~), thcn I,cndcr m.~~~ dr~ and r:i~ f~~r ~~hatc~~cr is ncccsc;~ry tc~ ~mtcct thc ~~aluc ~f lhc I'rc,rcrty and LcnJcr's rights
i~~ thc Pmrcrt~. I cndcr"s ,,,:,y ;~,~i„~~ ~,:i~ing ~n}• surn~ sccu;cd b~• a licn a~hich has ~ri~~rity o~•cr Ihis Security '
In.lrurncn.. :~~~rc.irin~ in cc~urt. r:~~in~: rc.~sc,n~~hlc a~(c~rnc~c' fccc and cntcring ~~n thc Pmpcrt~~ tc, mrikc rcpriirs. :11th~,ugh ~
1 cndcr m:~~• t:ikc :icliun undcr Ihic ~;~r:~~rirl~ I cndcr d~~r~ n~,t h~~c t~ d~
- ~~n~ am~~unt~ cli>hurscJ by~ Lcndcr undcr Ihic p,~ragrarh ? sh~ll bcc~~mc adc;itional dcht of 13c~rro«cr sccurcd h~ this
Scri:ril~~ In~trununt. l.nlc~s 13urm~~cr anJ I.cm_tcr .~~rcc to ~,Ihcr tcnns of r,~ymcnt, tlicsc amc,unt~ shall bear intcrc>t fr<~rn
= thc datc ~~f dishurccmcnt at ific \c~lc r.~tc :inJ sh:il! hc ~:~}ahic. ~+itfi intcrc~t. upc~n nc~ticc frutn I.cncter tc~ Ilc,rr<~«cr ~
rcyuccting ~a~mcnt. . ~
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600KU~~ PA6E~43~
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