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<br /> .. _... ._ ;60�71.�� 200857 G�/23/?g97 -:.�.•„-��'_��
<br /> __.. •� 'KB2ilJSfili L BL.^a1i0F ARDIS B BLSHOF 9�+ �•`,,rr�'�'---�.
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<br /> -- _.j TTNfFQAIui�`.AVQN/1�1T9. HOIfOWCi d�1.c�CI CUVCIIAAt W1d QSI�C N9 t011OWS� � ^ 1•.w �{�r nrinrin�l nrul jIUEICSL ., .
<br /> � � Y�wr .22� r _...�_r^ -- L'-=�-,---':-_. -
<br /> � 1. pa,Ymesit o! Prli;cl�.al and InBc�eat. ➢oaowcr sua'ti promptiY P r '' '� ---. � .
<br /> indebtedness cvtdcnced by ehe Note nnd lute ch�racs�s PT�i b e law aNa twdtten w�iver by Lendce,19orrower s��il pay co
<br /> 2.F�rnd��or T�cee an d I�u���. S u b j e c t t�a A P
<br /> Lender on the day nwntbly pAy�nants of priacipal and interest are payAble under the Note, undl tGe Note la p a i d in f u l l.a
<br /> . �u m(herein'Funds") equnl to one-twelfth of the yearly t�aes and assessmcnts(including condonilaium aad planucd untt '
<br /> �� development�ssessments. if any)wbich n�uy�ttsln p r io r lry ovor t h ls D e e d luf s one stwe,fth of y�early pren�fum astalluaents
<br /> � any.Plus one•twciRh of yeacly pnmium installments for harud Insuewce.p
<br /> `' for moctgage insurauco, if auy. n11 os rcasontbly estlm�tcd inidelly and from time to tiu�s by Lender on the basis of
<br /> � assessments and biUs and c+e�sonoble esdmAtes thareof. �thc hos de of a prlorl�mon�g ge o deed of ptnut�if such holder
<br /> - w L e n d er to the extent that Borrower makes such payme
<br /> •'!� Is an insdtudonAl lender. �;s:
<br /> .. If Boaower pays Funds to I.ander, ahe Funds shall be held in an insdtudon the deposits or accaunts uf which are ,
<br /> I teed by a Pederal or stau ngency(including I.ender if Lender is such un 1n�dtudon). Lender shall aPP�Y �,,::_
<br /> �OSUICd OY$llatiql -;� '`,•,_-
<br /> I
<br /> ��F���y��p������nts�iusuc,iace p�emiums und sround rents.Lender may not charge for so holding
<br /> aPP1Y�8 ��unds. aaalY�3n8 said account ar verifying and compiling said �ssessm�nts wd bills�unlcss Lender pays ��,c,,,,�� U
<br /> ,.,.,.._
<br /> .� Boicower interest an the Funds and uPPlieable law permits Lender to make such a chuge. Borrower aacl Lcnder may agree .
<br /> ia vnidng at the dme af eaecudon of thie Decd of Trust tLat interest on the Funds s1�a11 be Paid e�Bon°�e���We '�'�T?
<br /> • sstch interest to be ps�d.Lender shAU not be requirecl P Y �. .�
<br /> � � such�gramsnt is made or�ppllcable law requdres of ttu Funds ._,_
<br /> any interest or eicnln8g on the Funds. I.ender shlll 8����for which�each debit to8the Funds was masle. The Funds ue i<_; ,-
<br /> � �' skowing ccallts a�! tlebi�w the Punds and the ptupo -''c-;"
<br /> ,,. � pledged�.v�didonal secuslry for tLa sums securai by tLis Deed of Trust.
<br /> ...: �,:
<br /> If the amount of the Punds held by Leqder. together with th�n�ut�.�shall e cad thenamount raluixed tc�PaY s�id ;�.�P._
<br /> i the dua dates of taxes, assessnxnts.ias�uance Prenniums and Sro .
<br /> rents as the f�ll due, such excess s1a�11 be, at Borrower's opdon. ����
<br /> �,' � �x�s� �srn�ents. insuranre Premlums s�nd ground Y '�`�'--
<br /> �• :�-' re aid to BorrotivEa or crediced W Bomower on monthly insta�ln�ents of Funds. ff the amount of the Funds ;:„�;,.
<br /> � �ither promptlY P nmium9 a�l6round r�sts as t�ay fsll due, �'�-�:�-_
<br /> � �� � held by Lender sbr•ll aot be sufd'acaent to paY taxes�as�ss�n�• insurance P m sue as Lender mAy ''' ,
<br /> to make up the deSciency in o�or mon PaYme . :.���
<br /> Borrower shaU paY to I.ender Any amount necessarY ,:�^_
<br /> .�. . ��. b this D e e d a f T i u st,Lender s6u11 pmmptly rcfund to Eorrow�r any Funds
<br /> .;°;,,:.• Upon PsYm�nt in full of All sums secund Y is sold or the Property is othe=v�lse acquired bY I.eader.I.ender •:;
<br /> '••.' h 17 hereof the PropertY
<br /> ``',`'_,� I held by Leuder.If uader p�raSraP or its acquisldon by Lender. pny Punds held by —
<br /> — swIl+sYt�ti�r.0 L^L:s t!�!n!��lY Frlor w the sale of the Propexty
<br /> , Lender at the time of appllca4ion as a credit agains�ble taw provides otheiw�g se�l paymevts reczived by Lende:r under the
<br /> . 3. AppUqHa�p ot Pq�• Unless s�pP nt of amounte P�ynble w I.enckr by Borrower
<br /> . Note and pua8raphv 1 and 2 hereof shall be applled by I,ender fust in PaY�
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<br />� '` �� under par�8�ph 21�e!rof,then to interest paYable on the Note,and thea to the principil of the Note. �.�
<br /> 4. Yrlor Mortpf���o[T�tnti Ci��i Lma. Bocrower s6a11 perForn►all of Boaower's obligadons
<br /> under any mortgage,dea�of uusc or other security a8n'�maat wlth a licn ahich his prtority over this Dxd of Tmst.
<br /> . iacludin8 Borrower's covensnta to make paymenu whsn due.Borrower shall psY or cause ro be paid all taxes.assessments _
<br /> . „, c uons atuibutable to the PmpertY whict►m�y a�a pria�Ity ov�r�iis Deed of Tmst,
<br /> : � ;, and other charges, fines pad im�OSi�
<br /> . and leasehold pnY�s oI 8mund nnta.if swy. _ -
<br /> 3. Ha�aird I�ranx• Borrow�c sl�ll ke�p the imPaavements now existing or hnreatter ecected on the PropertY �
<br /> . . , � tasuned�l�ss by Ste. hwuds iflcluded withia the term'extended coverage".a�l such other 1ss�nls as L,eader may �,�,,
<br />�� � � �:�� �
<br />.«,�.�„-,.,.:,� : nquire nnd in such t�wunts Aad for such pedods As I.ender may re9ui:e.
<br /> ---.�,,,,._ , The insurance cur'ser pmvidin8 the ias�rancc:shaU be chosen by Bo licies and�nenew�ils thenof shafl be in a form�
<br />- `''` ' roval shaU uot bt unre�sonablY witt�held. All insurance Po
<br /> �: .� f�;�;.: thit such app � —°--
<br />_ ��:r�;� acceptable to Lendec and stWl iaciude a sundm4d mortgage elause in favor of and ina f�mi accepttble to Lender. L,ender
<br /> stull t,sve the rig6t to 6old the policies and aenev�ls tlureof,subjxt to the urms of any mortgage, dad of avst oa other
<br /> H�'.�`. �' s�ecurtty��with a lien which has gri��a�y over this Aoed of Tn�t. _
<br /> _:'�.-•'? In the event of ic►ss,Horrovv�r sh�ll give prompt noace to tLe iasucanee c�urler amd Lendor.Lem�ler may m�lc.e proof
<br />_=��::-��;:.� .s, � of lass if nvt made Pmmptly bY Borrow�r. to Lender wlthia 30 days f,rom the dau =-
<br /> If th�PmpertY is zband°�by BOnO�"�• or if Borrower fails to iespond ---
<br /> ` � .. aoQc�is uzsriled by Lc�der to Aoreower that tbe���n�dar'a o don either to restondon o�a�the ProFeTty oI ----_._._
<br /> su1
<br /> .. ��• . authorlsed eo collect and aPPiy the insurence pmceed5 P ---
<br /> . to the sums secured by this Dxd of Tnist. oi PropatJ. LaseLold9i Cond�omfntu�si Planned Unit Desdopne�. -_---
<br /> .: � 6. Pre�a'�atlon and Malot�r�oe �„�,,
<br /> �► Borrower slvll kap the PrapertY�n Bood�ep�E��n°t commit wast�or pem�it impairment or detecioraaon of the . .'T
<br /> ��m,��l��p�y wlth the provistoaS of any lease if this Deed of Ttust is ore a leasehold if this Deed of Tcust is �,,,,.,-_�
<br /> � � on a unit in A co�dominium or a plKnned unit development.Borrower shall perform alD of Borrower's obligarions under the =�°~�
<br /> n
<br /> ;.;r-.,.�
<br /> �'. y ' dxlandon or covta�ts cre�tin8 or govemin8 the condominium.or pls►nnned uuit development,the bylAws and r�gul�tions ._.i'.;�:_
<br /> • � of cbe condominium or plan�d unit devetopmevt.and consdtuenc documents. --
<br /> .. . �� � 7.Prota�tlon ot Lender'e Security. If Bomnwer fAals to perform the covenuus and agreements wntained in this '..: : _�.
<br /> Doed of Tnist.or if any ncdoa or procadin8 is comnoenced which materlally affocts Lender�'`use �such sums�i�nding •''i�i'
<br /> I.encler, at Lender's optioa. upoa poace to Bomow�r. mAy make such ap�peuinces, ���ge . -
<br /> , . ...�-
<br /> � :,.. . ' ,.:
<br /> � reasomble Attorneys' 4'as`aod take s�uch acdc.,,'ml bv��his Desd�of Tnist Borro,werushall P y the pre�equlred to .., .
<br /> - -_ _ ...._
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<br /> iasurdue�as a can�ao�.,.�.,....�.........._------ - ment for such insurance terminaus in accordan�c wlia =-
<br /> . maivtaia such iasunnce in effect until such time as the roqu�re
<br /> Borrower's And Lender's wdtten agreement or appltc�ble law.
<br />_ . � pny amounts disbucsed by I.snder pursuant to this pu'�►SnPh 7,with interest thereoa.at the Note rate.shall become
<br /> _ „ � ���onal inc►ebtulness af Borrower secured by this Deed of Tcust. Unless Boerower nnd I.encler �gKe��f. tNo�thing
<br /> , piymens, such awouws shall be payable upon notice from Lender to Borrower requestia8 W�
<br /> _ .. . contained in tlus puagrtPh 7 shall r�uirc Le�er to i�su any etnencc�r taice any ncdon hercunder.
<br /> 8.��t{on. Lender may maka or cause to be wade reuonable enuies upon�insptc���e�or�laud to
<br /> prnvldal tl�t Lender sl�l1 givre Bonower nndce prior to any such inspocdon specifying
<br /> . Lender's interest in the PropertY• �
<br /> ' , Sranah) Copy(Cu�toa��r? F.ge 2 ot 5
<br /> Nebnit�2GS76-3 �1�96 Original(Reaordad) CoPY� . .
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