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<br /> xtURAi]!Y I� S.A�,A2:S02J SHBRI2X SW.ANSON 212929 04/23/1997 �-�_•_•�'' _,_
<br /> ' I.TiNiFCRM COV�NAN7'S. BnrrRwrr s��xl Lender covenant uixl agree as follows: 97"' 1��a��.�.�� : ��;;�.;:
<br /> 1. 6;�grr�-r3 cq qrlr�EnAI nnd Intercst. Bnttower shap prompdy pay whea� dus �1ic principal a��d int�ztst
<br /> � inc���ncra?+t��.:�,�V���.•�H:�+l hy�hc No2e a��d Inte charges as pr��vided in the Nate. �
<br /> 2, rlt(��Yy�4'��77+xe�and Ir�surxnca Suhjrct to eppHcable Inw ar a wtitte►�walvsr by i.eixlcr. Borrawcr nYa�ll ps►y tu ! �
<br /> I.���uil�a,.cl�;,�y a�unthlY rsayn�nts Af pri�xipal aixl interest�re payable wxier tt�e Nate,untll tbe Note is{�s3d iu full,a
<br /> s��ni(PGr,rzin "Fuixis")rqual tu o��e•twelfch�if th�yeady tz�ces aud assessa�nts(i�cluding c���duminium Aixt pluu�ed untt
<br /> �ttvvl�t�r��x�iti�se�.�m�nh, if s�rcyl which nu�y atrain priority rnet this Deec1�f Tirust,$�xl gruu�x)rents uu the Pn�perty,if
<br /> " " xny,�5�uy u�x-twrlfth e�f yrarly premium iiutalln�ents for hazard insursuxo,plus one-tv�etflh vf y�arly prr.mium iitstalbixnts
<br /> ;,,� fa+ unrx.¢yy�e iusu�a:x:r, if K�iy, aU as r��j�bly esd�.:tes! intdrslly and frum tinw t�dR�By Leit�.l�r �m ihe hasis of �
<br /> afzx�:arrxnts aixl bills�nd re�n�bic estinutrs thereof. Borrower�ttall �x►t be nhligated to m�lce snch�►xynxnts of Fuixls . ,
<br /> ,,„,,,w;r� ' tu�l.�r»kr tu the extent that Borrower makes such pa�yn�e�ts to t�e holder of a prior nwr:g:ge ar d��cl of tni�t if�e^.�holdcr
<br /> ,,._,.�•�+w isi ei��itn+titution�l lender. . _
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<br /> ih&►rra�wer p�ys Funds to LendNr. the Fwtids shal:br held in:u�institutian the deposits or zccounts of wblch are :� .
<br /> i►�a�:ins�or guxranes�l by a F�letal�ir state agency tincludiag Lender if Lender is such aa institution). i.e�cler s6�1!apply :�,��a:.
<br /> U��t f�lur.xt�w psy said tues.asszssments.in�urxuce pre�niun�s uyd gtound ren,s. Lxndsc nuy uot ch�rge fur so holcliiig a►xt �'���'��-
<br /> ap�t�fir.,g ttee Fu�cxls, an�tlyring said xcount or verifying ard con�piliug said assessments aad �ills, udess Lender pays -----
<br /> e'a��r��vt:r i�rerest an the Funds and appiicable Izw pemxits Lender to make such a c1�uR�.Borrower anci Lender may agree -�=-
<br /> t•�' it��utcir,ing at tQe tin�e uf eaecudon af this Deed of Ttust t6at interest on ths Funds st�all be paid to Bc�rrower,uxi unless ' •-��m:..-
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<br /> • �`�Ji suaU�a�{reenxnt is n�sck or applieable law requires sueh int�rest to be paid. Lender stqall not be reqeurecl ro pay Bo�wer :.•�,sy;�;.;.
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<br /> �ti� at�s,t•#ua�erest or eanilags on the Funds. l.errkr sl�all give to ]Borcower. without charge. an wnual accoundug of the Fwxis _�.,,,.�,
<br /> :'��,; shnnri crtdlt5 u�d debits to the Ftu�ds wd tlie ucpose far whic4 each deblc ta the F�nds was macie. 'I'he Fwxls ue ';-T'"
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<br /> ��;; ptitJdrd as aalditioiul seewiry for the su�s sec�a�.ad 5y this Deed of Tnist. �.�`'',«,�:�.--
<br /> ,. ��3° :�s•-rn._
<br /> e:; [f tbo amot►M of tbc Fwfds beld by Le�hr.together wtth the future moucWy installments of Funds p�yable pdor to s�•.�,y _
<br /> �'� d»r+tu,e dates of uxes, assessa:ents. insuraace premiurr�s an�ground cents. s1u11 eaceed the amuunt required to paY said '. `;=-_--
<br /> . -�' tt�surs., us�ssnxnts, ic�turance premiums�nd gmund reets a�s they fall due. such excess shall be, at Borcower's�{rdon, :;-=�`��
<br /> Cii�IL'i�,.��,Ny r�aid to 13�nower or credited to Boirower on mon►hly iast�llmeuts of Funds. If the amount of the Funds "t,;;�„�_,
<br /> ' ' hul�k by Lender sLall not be sufficient m pay wues.�ssess�soents. irov��.:t preniiun� and growid rents as they fall due. , ••'°°:
<br /> Buat+awet stnll Qay to Letr3er wy amount uecesssuY tv nulce up tliee d.5wiency in one or more paya�ents as Lender n�aY .��
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<br /> �' n�qUtse. �•`,
<br /> '. ,{r''`� '; Upon paYmcnt in Cul!of a1!sums socured by this Deed of Trust.Lender shall prom�ptly refund to Bonower�ny Funds ��;�';-
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<br /> h►zt��by Lender.If u�xler puagraph 17 hereaf the Pmperty is sold or the Property is athenvise acquired by Lendcr.Lender �=�`_
<br />`� s+.�lilt aml�, m istcr ttiw inw�ediately prioa 43 the s�le of the Propercy or its a�cquisidon by I.endtr, any Fwds held by __
<br />==. .1`� L�,�der at the dme of application as a credit a�si�t tLe sums sec►ued by tUis Deed of Trust.
<br />° `� ot Pa Unless apFlicable law iovides cuh�rwise,a1!paymsuts rec�ived by Lender un�ler the
<br /> • �t,; 3.Appikation �r�ts• 1� --_:_:-
<br />';.���;` Air�p:�tnd paragtanGs 1 and 2�t�of shall be o�plted by H���}er first in payment of amotuus paYable to(enckr by 1Brur�aw�r --__-
<br />�'�+�`•� un�r.*+er�.�npb 2 henof.Wea¢o intcrest payable an the No2e,and then to the principal of tb.e Note. _ __ --
<br />�.'�1`L� � 4. PHor Moripses�nd l�eds ot Tn�st: Ch�rges: Lem. Bom,�e�wer shall pe r fq�m a l l a f B orcower's o b i 3�t t t ions -
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<br />�;i:t?:.� � unsier any m�rtg:ge. deed of mut or other security agntiment with a lien which h�s prioriry over this Iked o n�st.
<br />- -�.•' �r". . IJICIUI�10�BO[[OVYCT�S COYGA�IS IR Iq�ICC plYII1�IIIS WhGII dllC..Horrower shali pay or cav►se to be pxid all tues.aSSessments � ---
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<br />-.;:°:,>. _ a,1d other cbuges, fines wd imposidons atuibutable to t�� 'F'ropertY which nuy attain a pri�ority over this Dad af Tnut. _— _
<br />--"'..' - a�o ieasebnld payments or ground rents.if auy. � o
<br />-�''`�`�" S. H�rard I�ur�n�e. �otrower sha10 �Cee� it�'•imptoveaoents now eaisting or hereafter er�c2ed on tt�e Ptaperty �..
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<br /> "--`:;�" _-- insur:d;gsir.�ls�ss by fiitio 6a�rds in;,lu�ded within ilie term'extendesi cov�r�ge",nnd sucb other finrsids as Lender miy
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<br /> :..:� nrquire tnd in svch amouns and for such periods as Lendec�ny require.
<br /> -_.;.;_��� The i�urauce carrier providiqg the iasvr�nce shail 1►e r,hosen by Bomower subjoct to approval by Lendor;�prdvidEd.
<br /> �_---;�� tieat sixh appcoval st�il not be unre�souably wittil�eld. Ali insuc�uce pol�cies aod reawals[Lec�eof siWl be i�a a foru�
<br /> --- � s�rceptaMe to Ixnder and stsall include a stwciud moagage clause in favor of and in a fecm xceptable to Ixnder. Lender _.
<br />=��,�-- shrll lnve�he�iFJtn ro lald U,e policies and ra��r-•ts k:..-r:,f.subject to the temu of any mortgsge.dced of tcust or ahcr _
<br /> __ :.:curity agrcemcflt with a lien which t�as prioriry over this Deed of'frust.
<br /> -!�:c� In the everx of lr�ss. Scnrower shsll give pro�t notice to the insvrance carrier wd Lenckr.Lenc�er may zn�l;e�pmof _----_
<br />�..-_: -� ctE loss if not made promptiy by`Borrower. �,�4__
<br /> �;:,� � If the Prupeny Is�tbaocbned Ly Bonower.or if Borrower f�ils to respond to I.eader witHin 30 days fnom the due __
<br /> --�."'.i_�� ►:Atfce is ro�ilal by Leader to�orrower[b�s xhe ins�uance carrier offers to setde a claim far insurancc bc�fits, Lender is _
<br /> ' �'' :�xtthoriza!to colkct and apply the ias�uan:e procecds at Lender's option eitLer b �� ts�:,n ar..:i,.�:�f:I:;,°.��..,:�cr _.--- --
<br /> ��`''' rr�tbe suau sccurod by tu;s.^.�,:�::.-a�.. �
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<br />_ . �"�:' i. Pt+aer�iion and �Smiateaance ot Pro�+ty, I.��:,9�; Ca��c.-..:�:�mss3 �taanes! Unit D�wdo�uneels. - - --
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<br />'�`"�ty;:_�`� t3otrowec s�hill kcep the Propecty in good repiir a�cl shall not commi�t wasee or pemvt inq�aim�ent or deteciontion of the M'�=
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<br />�:;:,��r�:�,-,;;•�., ;?roperty aacl sball comply with the provisions of wy leue if tlus Deec1 of Tnist is on a lea.sehold. If this Deed of Trust is �r�
<br />��w'.«:?�;�:�:r� ', c.m x unit ize a condominium or a pl�nned unit develupment. Borcower stull perform all of Banawer's obligatious uncl�r the ��':==-
<br /> �•'J��f^�- ' s�c�claration or coverants crcaau�g ur governing the couc�aa�ivium or planned ur�[development,tt�e by-laws and c�egulatioas 1�,��=�.;.
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<br />�.�-:«....�_ ' r�f�hc co�i�uic�ium or planred unit dcvotopmrut.and c�:nstiwent @oc:unxnts. ";,�.--
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<br />�Frti`.`.,�... a. H9otectioo ot I.ender's Security. If Borrower f;ii73 to petfomt the coven�nss md a�retments conqiaod in this �`�^"~.'~~,,'_.
<br /> -V:,•:., ....,� mpe�ty,t6en �
<br /> - Ueed of'fcust.c*z if wy xtion or pmceedintg is commerk�ed which materially affects Le�der's iat�r�eq in tl�e P �:=`'';°___-
<br />`"� . L,ander, at L�3er's qxion. upon notice to Borrower. m�y n�ice �ue6 a�pe�uznc�s, disbuis: such smm. ineluding ., ;
<br />'�;� .t� rc�son�blG attoroeys' fees.a�3 take such acdon as is nrcessary to prottct L e n d s r's fi m e c e s t.I f L e n d�r roq u i r e d m o t t g i g e _ `,--_-=
<br />��` ;_'-`-- �-- � is�,r�ac a condition of mnlifl¢the Inut secured bY ttiiis Ikec!of Tcusz,Borrowe�sha[1 pay the prenuu�required to .. �^-�`
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<br /> = ---�"��°-'w" uw;u;;,;,, a:;� ensurance in effec:t unal such dme u tLe requiremene for such i►uurince temiimtes in xconi:u�ce with •.
<br />_ .�,, .� �-- ��.��,_.
<br /> �: __ �rmwer's wd Lender's written agreement or applicable law. ��°-w.
<br /> :; �� � Any amounts distxu�sed by Leader pur:cuwt eo this paragraph 7, with interest ttsereon. �t tt�e Note rate.shall bedbm�e ._ •
<br />'`� "' ;.s;�i�ac,:! i�edness of Borrower secured by this Dea1 af Trust. Unless Borrower wd i.euder agret to other temu of .
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<br /> `------� p,^.y�nc, sueb amowus shall be payable u�oa notice fmna Lender ro Bonower nquestit�g paymeut tisereof. Nothing ..
<br /> -_. -- .., �uzt„+,s:�in th�s puagraph 7 shall recluice Lender to iBCUr any eapt�e or take any actiun hereutxks. � .. -
<br /> _ � � g, lliKpection. Lcnder n►1y anke or cause to be ro�de rea.�onable enaies upon Qad i�nspec:rions uf dK Property. f
<br /> - ; pruviQed diat Lender stull give 13orrower notice prior to ajxy such irupection speci�ing tt�somble c�use tixnfor rel�ted tu �
<br /> ' ' � I.e�dee's intecest iu the Propeny. I
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<br /> NcDmciu 26876-3 I I196 Originai(R�cord�d) Copy(eranch) Copy(Cu�to:�r) v,�c 2 of 5 (` ,
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