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<br /> ' ALFRBD 8 WFlIaHT �aru� M wRSax�r 9�.•. 1U�1�'7 soos�3 Ob/Z5/1997 .•; ,��;n`h-���--�"°--:
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<br /> ' UtlFFOP.M GQVP.IVANT3. BOII4�i�0I i�d L:�ST COVG.".AIIS *E.k�°oI�•�.9 fAII0W8: [ :----�'.:.. _. __.�,--_
<br /> . 1. Paymau of Princlp�i and Inta�at. Borrower rhAU pr�mpdy pAy when due ehe pripcipal nnd Intenst ' _
<br /> iadebtedness evidenced 6y the Nute ond late chaages�provi�icd!�tUe Note. � .
<br /> 2.F�eda�for T�ucd snd Iro�v�nce• Subject to a�plicable law or a wdtten walver by Lendor, Borrower stu�l!p�y m
<br /> Lendcr on ttu day monthly p�yrrients of princlpa!aud intorest ore�syAble under tha IJote. until tLe Note is paid in full,a �
<br /> ,. sum(heraln "Funds") eqwil to one•cwelRta of the yeuly t�ces und assessmenta(including condomlduni aaA plxuned unit . -
<br /> development assessments,If�ny) which may Att�in priodry ovor thia Deed of Tnist,and ground r�nts on the Propeity,if . � ��,-
<br /> . any,plus oae-twelfth of yearly premiwn insW[uxnte for huard insuru�ce,plus one•twelfth of yearly pnmlvm iastallmeats � , •
<br /> fOr IDOrt$��G IDS1lIAnCe. if any� all as reysouRbly esdraACed Iuidally and Cxam dnk to dru�„ by I.cnder on the b�sis of
<br /> � stssessments asd bills and reasoaable esd�tes theacof. Borrower shill not be obllgated to malce such payments of Funds , ..
<br /> �� , to I,ender to tde extont ttntt SorroWer mxlces such payments ro the holder of a prIar mortgage or dsed of mist if such holder
<br /> . . `"..,, is an iasdtudonal lenckr. ', . . '
<br /> If Borrower pays Funds to Lender, the Fuuds sha11 be held in an iasdtudon the depostts or accounts of which are -
<br /> ' insured ar guuantad by a Fedtral oT sdtu tgency(including Lender if Lendet is svc�an insdtudon). L.end�r shall apply .,..;,::
<br /> ' the Funds w pay said aues. �,ssessments�insurance pnmiums and ground rents.Lendes may nr�t charge for so holdiug and `�.� -_,. . .;_
<br /> �;�
<br /> aPP1Y�8 the Fw�ds, r�mlyz3ng s�id account or verifying and campUing said assasa�nts ud bills. unless I.ender pxYs �':,. �:�,u��y„�,,,-_:
<br /> � Hormwer interESt on the Fuads and appllcable IQw gem�its I.ender to malce such a cturge.Botrower xnd Lendsr may�gree :;"r;�;`�'''"��°_
<br /> � in wrldng at the dme of cxecudon of this Decd of�Yust that ince�+est on tLe Fwyds sh91t be patd to Boirower,and unless •�r,='
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<br /> � svch agrcement is made or sppUcable l�w rcqu3res such interest to be piid, I.eadet shall mt be rcqu9red to pay Borrower . �..��----
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<br /> any interest or eamings on tbe Funds. Lender shall give to Homower,without charg�,an annnual a�oundng of the Funds - �:r_�.—�
<br /> showing creclits and debits to the FuMs a� che p�upose for whlch eACh dsbit to the Funds wss m�de. 'Ibe Funds are `��''-,``;�`' ___
<br /> �;, � plalgal as addidonal security for ahe sums secured by this Dad of'Y'cust. �LL�_,_
<br /> If the amount of the Funds held by Leuder,together with the fi�ture montbly inSWUnents of Funds payable prlor to ��4�;::
<br /> the due dates of taxes. assessments,insurauc�pnmiums and ground rents. shaLL ezceed the anx►unt required to Pay said �:'_:-
<br /> .. ,� � �7[CS� necwcemn � .�-j��.._ --
<br /> nts, insvr�nce premiumv aHd ground rents as they fall due, such exc.ess s�ll be� st Bo:rower s opdon.
<br /> � ; e i t h e r p m m p d y n p a i d t o B o n o ti v c r o r c re d i t a l t o B o n o w e r o n m o n t h l y i n s t a l l m e n t e�f F u n d s. I f t b s s�u n t o f t h e F u n d s � '��'`���:-_—_—
<br /> ' y . held by Lcnder st�all not b�suf6icient to pay taxes. assessnoeats, insurance pnanfums�nd gcound nnts�s they fall due.
<br /> � Bormwer shall pay to I.en�ler Auy amnuat axess�ry to make up the de�ciency in one ar more piyments as Lender may :�--��
<br /> r�a '.���� .
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<br /> r. Upon p�ymenc ia fu11 of all svms secund by this Dad of Tnist.Lender slull promptly nfund to Borrower Any Funds �'�
<br /> " held by Lender.If under puagrAph 17 hereof the Property is sold or the Property ls otherovise acquired by Lender,Lender ;'-
<br /> �- �hot���t„ � or� t on im�xrliar�ly nrinr t�the r.ale of the Pmnerty or its acquisidon by Lender.any Fund.s held by �
<br /> ' ��' Lender at the dme of applIcadon as a credit against the stims eec�ued by this Dea!of Trust.
<br /> ' ' 3.AppUcutlon of pay.ment�. Unless appllcable law pmvIdes osh�iwise.All ptywents receivecl by Le�ier under the
<br /> � � Note and pazagrxphs 1 and 2 hereof shall be appHed by I.e�er first in a►ayment of omounts payable to Lender by Borrower
<br /> • � uIIder parngcaph 2 hereof,then to interat piyable on the Note.and then ro the principt�l of the Note. .. �s
<br /> 4. Prlor Mort�ee xnd Deab ot Tn�st; Clur�esi La►�. Borrower shall perform all of Borrower's obllgarions �� -
<br /> u�r any mortgage, dad of uust or other securlty agmment with a lien which has priodty over this Dad of Tzuss.
<br />- , including Borrower's covenants to make psyments when due.Bocrower shtll pay arcause W be paid tll tnxes.�ssassm�nts `c`:
<br /> .' and other chaigea�Snes and Imposidons atalbutable to the Property which may aa�tn a prlorlty over this Dad of T�st� _
<br /> • : wd leasehold payments or ground nnts,ff any.
<br />" �''; S. Haa�y1 Ineuranca. Aorrower st�il kap the impmvements now axlsting ar herqftsr ercett�l oa the Property
<br />_ .,..r�;:. " insured against loss by Sre. hazards includal wId�in the term"extended covcrage"��n�such other hazards as Lendex may �
<br />_,' ;'�"°" require and in such Amounts and far such�erlods as Le�lcr may nquire.
<br />;�,;.�, The iaSVra�+ce curIet pmviding thc insurance shall be chusen by Borrower subject to appmval by Lcncler;pmvided.
<br />��. ; � .,.%, that sueh ApprovAl shall aot be unreasonably wlthhsld. Ail insurance policia and r�newals tUeroof shAll be in a fonn
<br /> -� . t. °�� acceptable to Lender and stiall includc 4 scanclard mortgage clxiue in favor of and 1n a form rtcccepable to Lender. Lender
<br />�; ' ' shall hive the right to hold the pollcies�nd nnewals th�reof,subject to the teims of any mortgage,deal of trnst or other _--
<br /> , securlty agcament with�lien which ts�s grIority over this Dad of TnisG - --_ -
<br /> In the event of loss,Bonower sLall give prompt nodce to the insurnace cunler and Lender.Le�er may malce proaf
<br />�ti;c.��;: � of loss if not madG promptly by Boaower. _-_-
<br />=�1,'"•".. .. , If the Prnperty is�bwdoned by Borrower, or if Horrower fails to cesgond ro Lc�er within 30 days from the date -"`�-'•�` -
<br /> ncVns::_.._ _____.
<br /> � mdce is mAileal by Leuder to Barrower ehat the insurance carrier offers to settlo a clzim for iasutanr.e beaefits, Y.ender is _ �-
<br /> �?� �. ��. authorized to collxt and apply the insur�ce pmceeds at I.ender's opdoa eithe.r w resWradon or rep�ic of the Property ar r- -
<br /> � �`� to the sums secured by dils Deed of Trust. -- -
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<br /> ' #! 6. Presa7J�tlou IIAd T4qal�m�nce of PrbpMyi I.e�sl�hol�b; Couclom�inlunsi Pl�nnal Udt Dovdopmmts. �te���,�--------
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<br /> • . Bomowsr sbAll keep the Pr�perty in good npair and sholl not commit wsiste or pamit impairment or detcrloradoa of the 'r'.!�;,;�::,=•� -_==-�=.--
<br /> �' propertgr Qn�d shall comply�vith the provisions of wy lease if ttiis Dced of Trast is oa a teasehold. If this Deed of TYust is '�1'''�;;;`';= �`�'
<br /> 1 • � on a unit in a condominium ot a glanned unIt developmeat.Borrower s'hall perform all of�orc+ower's obligadons under the . ��',��t��-r,,�Yt,Y���
<br /> +�� Sn .C-'tw'Y:
<br /> - declnrnrndon or covenanta creating or governing the condominium or planned unit development� the by-laws and regulations �;. „d,`'�,�,,.�.�,;;<<•
<br /> _ ' of the condon�ilum or plxnned unit development,and consatuent docunxnts. � - ,=>`:.,;�;�",;'i;.�.
<br /> ;.;'�',.. 7. Prola�lon of Leac�er'e Security. If Borrowea fsils to perform the cod+eiwnte ancl agraments contais�cl in this ...:�;.,�;1
<br /> � . Dad of Tcust.or if any action or proceeding is cummenced which mater3ally affeca Lender's inurest in the Properry,then '�!��� �' �•�' .° t�
<br /> , Le�ler, nt Lender's opdon, upon nodcE to Boaower� mey make such appe�nnces, disburss suah sums, including ''.:,`�'�...: _ . �`
<br /> ' ' r�easonable attaTneys' fas. and take such acaon as is�cessary to pmuct Lender's interest.If Lender required mortgage
<br /> - — � • - -- - ---"-'-- -O--'-5--�'--'---- •L.a.s.r�_.a ..c�r_.... n..».....�.�.�u..r...t,.....�....i....,o.�..,..:.�a•.. ' -__ _--- -
<br /> - ..--. __.�_. .. . lIISl1IiI�7C iL'1 i W1lJ1LLVll Vl •�—�Yt�.tvf�t ait..tuw vj wso✓wv va asuo►� arv��vnr�or..y�� wr y............s...y....v..w _ .. _ . -_ _-___.--
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<br /> � miiniiin such ins�.*a�r in effect until sush time as the requiremena for such insurance terminaus in accordance with ,.,- .
<br /> Bamower's and L.endcr's written agreement or applicable law. � .
<br /> Any amounts disbursed by Lender ptusuant to this parograph 7,with interest cherefln,ai the Note rate,shall become
<br /> � � addidossal indcbtWness of Bomower sacund by tbis Deed of Tn�st.Unless Borrow�z sad Lcnder agnx to other tezms of
<br /> payment, such amounts shall Ue pa�able upon nodce from Lender to Borrower reqaesdng payment thereof. Nothing �
<br /> contai.ned in this�a�aph 7 s�all require Lender to in�cur any expense or take any actioa henunder.
<br /> 8. Iaspectlon. L.encler may make or cause to be made reasonable entries upon and inspecdons of the Property, ,
<br /> ° pmvided thAt Lender shall give Borrower nodce p�ior to any sach iuspecaon specifying reasonable cause thenfor nlaud to � �
<br /> � Lendcr's interest in the Properry.
<br /> NeDmelu�268T6-3 l i�s6 Origia�i(R�eosC�d) Copy(SraneY►) Copy(Cu►�tom�r) P,�ge 2 of 5 '
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