|
. rF+��w. �. ,` }, .
<br /> 4-� i „ i�
<br /> •��.� -- . . . . _ . .�5. . .. / C�i l. -ty� ry',' .�� .
<br /> .// ��r� �����
<br /> 1�`��.� .. r '•� ._�•..M,uw•...,,�" , , , . . ,^'y+i�.�y� �,���..
<br /> .. . � .. � . :3�f"wwe.-�.�
<br /> . . . .... �. . . . . . . _ . - -
<br /> .'_ '._-_.. .—_..�_,_.� -
<br /> � . �..il�rdM"�'SN�YP��Fmtn:c,., .. ', s � — —'--. .. . -_-.— _ �� -
<br /> �3tqi... .a:. _'�r'�tl�- ".....,..� ,. . . � ,_. . .,..r
<br /> .,.. ;'�'k;�..,."�` �"" �':.n. ,., . ' . _. . :' ,.4i�';+%`r::-r�. .�{. :.' 1*•, . . . . --
<br /> 1i+1MS��'���'j�l^•' . � S'flY;"�.;;r�(�.•74��n1ti•��"�:N�....t.i .. ... . _+ � � . . .�. .... .. -. . . , . _. . • • •t -�i� -� l� ... � �_
<br /> ri ' �"� .. � .. , w:..._._L_ r� .v�i�-='.._.
<br /> �
<br /> . .. • Y .i' '_ — __ _ _ —�_ " . . .
<br /> .- �._�` �— '�—' _ _'--- —"_�.—_ __ - -- .�. b .a__._.,�.
<br /> ..�; i" w���qr.,.��� . • _
<br /> " '
<br /> -. . � . , ., . . . ..�� .'__,.�:..rrna..�fals�_+S $�EP'�� �x•r11��I�ifOAf'�y'r
<br /> ira��_.._ ���
<br /> �t .h't.fi . .�.,,' ,::M"li1M��...i:1W4n .. ^�"-� . .. �� �""'.�..�,�."..",� . - r�r r!x�rrtenn�� .
<br /> . ... . . . .. .
<br />. il ^ . - . . . ... . . .
<br /> . . 97,,. 1���.�.�1 :.
<br /> : TO SECURC to Lendar the rep�yment of the Indebtedne�e evidenced by Borrower'o nnte deted AprN 2S,1997 ' `
<br /> ' end extenslons end renewels thereof Iherein "NoYe'i, in the prinalpnl eum af U.S. 116,000.00 , wllh IntAroet therao�,pravidlnp tor
<br /> mon t h l y i n�t e i l m e n t e o 1 p r i n c l p a l e n d In t erest,with the balence of the Indebtednese,If nat eooner pnld, dua and payabte on =
<br /> � M�y 09.2012 ; the peymant of�ill other euma,vvith f�tereat tMroon,sdvenced In eccordortce herewith to pr�t�v:t the security
<br /> of thla Dend ot Trust; end tha Aertormence of tho covennnts end aproemnnte of f3orrower hereln aontelned.
<br /> v�1,�� Borrower covensnte that Borrower b I�wtul;y aeioed of the aatate hereby conveyed end haa the dght to yrur�e end convny 1t�a Pro�wrty, - :
<br /> end that tne Property la unenaumtrorsd excspt for mcumbrance�o}record except far a Ilen oranted by 8orrower to Contrpr,tor and herehy
<br /> esafpnud by Contrac4or tn lender. Borrower couenents thet Burruwor wa��ants :.rd r:itl d�for.d gsr.^re!!y tM*�t�•*�fhw Pao.�yr7y napinst nll ��-
<br /> ���� cleima end demend9,subject to encumbrances oi racard. . �'•�
<br /> 4' UNIFORM COVENANTS. Bmrower end Lendar covenant end egroo as tollows: ��
<br /> ?t 1. Paym�nt of Princlpd�nd lntenit. Borruwer ehall promptiy pay when duo tha principel e�d intereat indebtednesa ev;dRnced hy the _
<br /> Note end Inte chargea es provided in the Note.
<br /> 2. Fund�tw Tax�r�nd In�unnc�. Subject to eppticahle lew or e written wniver by Lflndnr, Bar�Awer shell pay to lqn�tc an the Aay 1��'-
<br /> � monthly paymonta of principsl and Interaat ere payabb under the NotA,until the Note is paid in full,e flum(herefn'Funds")eatiti�l;�p one-twelhh ::
<br /> of the yeerly taxea and asseaament�Ilnctuding condomtnium and plannad unit dovolopmant esseaamente,if anyl which may atttVn prlority over ;�
<br /> this Deod of Trust, and ground renta on tha Property, if any, plus one-tweifth of yonrly premium Instatirnants for hezard Ir��urance, piw __
<br />:;-�� ;- • ona-twelfth of yeeriy premium (nsteilmente for mortqa�e Insurence,If eny,eil ae roesonebly estimated fnitlaliy end from time tc1 Ur�e hy lander �
<br />- on the baais o}aaseasmente and blila end roa�onabb eatimatee thereof. Borro�ber ahflll not be obligptad to mnke euch paymRnta ut Funda to
<br /> Lertder to!he extent thet Borrower make�such oaymente to the hotder of a prior mortgage or deed of tn�at if such holder ia,ot� ir�stitutionel _
<br /> , lender.
<br /> ' ' If 8orrawer pays Funda to Lender.the Fundt ahall be he►d in en Inntitutian the depoaits or ecaounte of which era iruuTar!��r�,erenteed
<br /> � by e federal or stete apancy(inctuding Lender ff Lender I�auch an I�atitutEon►. lender ahall epply the Funda to pAy eaid teuco4,msseasment�,
<br /> insuranco premiums and ground rente. Lendor may not charpe for so holding end npplying tha Funda,enaty:lnfl seid eccnun.t.�r verHying ond --
<br />��'1= �•.,:'.Y'j, compilinp aaW esseaamente and bills,unleas Lender payi Borrower interest on the Funda appllceble taw permito Lender to m�ku sucli a cher9e. "
<br />- � Borrower and Lender may eproe in writir�at the time of execution of thle Deed of Tnist that interest on tha Funda ehall be ptid�.to Borrov+rer,
<br />,.�.., . �. .� and unlesa st�ch eprnement b mede or applioebie law raquire9 such intorest to be psid,Lender shnll n�t bu requlrod to pey Bo:rn•nK7•eny Mterest
<br /> or eerninge on the Funds. Lender sheu givn to Borrower,v�fthaut chargu,en annual eccountinp of ih�Funde ehowing credits,aM deWts to the
<br />- -; ft;,�• � Funde nnd the purpoaa for which eech debit to the Funds was made. Tho Punds ara pladged ea edditlannl r•ecurity for the oumx,s�:ured by thi9
<br /> Doed of T�ust. —
<br /> - Ii the amount of the Funds held by the l.ender,topether wtth the future monthly Instellmente of Funda payeble prior t�9ht due detea of
<br />- ;��.�:•��;.'•. taxea, esseasments, Inaurenc� premfume end ground rente, shall exceed the amount requlred to pey seld taxes, eeaesnrrnnts, Insuronce
<br />- I, ��r premlums and ground rente aa they fall dua,such excess ehall be, at 9orrower's option, otther promptly repeld ta Borrnvv,r,or cvedited t��
<br /> ':�r•�- ��-� Borrower on month!y Inatellmente of Funde. If the amount of ths Funds hald 6y Londer ehafl not lw sufticlent to pay tfuas�,asaessmenYe,
<br />_W;.:-•.a;j;=y�: '' - inaura�we pid�iiiu�.-,s Biw'Q�vi3ii.'�ioTi2o�o i��j���! L�;^. Q4!!�:':8!9�'fl���ay t��e!?!!nr any amount necessanr to make uo tha d4`-4tfAr�rcv in one ar °
<br /> ;�: „••�. moro peymente ae Lendnr mey require.
<br /> - ,� ^.• ilpon psyment In tull of all suma eecured 6y this Deed of Trust,Lender sholl promptly rofund to 8orrower any Funr?a htid by Lender.
<br /> '�f It under parepraph 17 hereof tM Property ia eoid ortha Property is otherwiae acquirQd by Lender,Lendor shnll apply,no leter,t�tn immedlAtely ,
<br /> ,.rc:ti1M'"
<br /> ',-_s� � . prior to the selo of the Property or ite acquisftt�n by Lender,any funda held by Lender at the time of npplicatlo� as e crexJitl eg�tnat tM suma
<br /> --_-.-__- eecured by thia Deed of Trust.
<br />�._...�:til.' . .
<br /> :�A�::.,. P
<br /> ;;,y g, AppNcaUon ot Pay►,�. Unleas applicebt� law provldee otherw(se, all peymnnto received by Lender uivinr�L'he Note and
<br /> ' ---- paraprepha 1 end 2 heroof ehail be appliad by Lender tttst tn paymant of amounts peyebb to I.ender by Botrower undar partip�d�(�y?heraof,then
<br /> __n:.a„� to intereat paynble on the Note,snd tFan to the princfpAl ot the Nota. �
<br />-.;�_•;av_,;�r,q,� •
<br /> y��_�_-� 4, pr{or Mortp�� �nd DMd�of Tms4;Chwrpu;LMns. Barrowcr shall pe►form ell of Borrowe�'s oblipationa und�ar�ony moityape,
<br /> --- deed of truat ur other seeurity spreement with a lien whtch hae priarity over this Deed of Trust, inctudinp Borrower'e c�:m�unta�o meke
<br /> ---=-_= payments when due. Borrower ehell pay or causa to be peid all tezea,ossessmenta end other chergos,finns and Imposk�nnn.atttibutnble to the
<br /> -- Property whlch may ettain e prlority over thfs Dead of Trust,end leaaehold paymsnts or qrouod renta,if nny. � _
<br /> ___--_ 6. H�zrrd Insunnc�. Dorrower ahall keapthe improvamente now exiatlnfl or hereeftar erectod bn the Property in.lur�ndapatnst bsa by � �
<br /> - ,� tiro,heza�de tr.ctuded withln the term'exten�ud coverege,'and such otMr haxarda•ae lender mey requtre nnA In euch erraunla�for s+�ch perioda �
<br /> — a�Lender mey require. '
<br /> ----- --...._.
<br /> 7he insurence cerrler provldinp the insurance shall be chosen by Botrowet BubJect to approval6y I.encl�or;provided,��htt such epprova
<br /> ehatl not be unreesonabty withhetd. A11 in�urance poilcfes end renew�fla thereof ahcll be in a farrta ecCeptehts to Lender nrc}ehail inClude�
<br /> --- stmnderd mottpege clavse In fevor mf.and in e tor�n xceptnbk to lendor. Lnnder ehull hevs the ripht to hold tho policbe aM ton�wai�theroot,
<br /> � eubjer.t to ttx�terma of�fny mortgege;.deed of trust or other securtty ayreement with e 11en whkh has prlaritlr over thfa De�d o1�7rust.
<br />--_ � In tAe event�aY.loss, 8orrowor ehall gbo prompt nottce to the insurance cm�tar and lender. Lendor may meka prca101 bss It not made
<br /> _ '� promptly by 8orrower.
<br /> —_
<br />
|