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<br /> � U�I311LD T1►YLOR 9�IZ1Wlia TIIYLOR �7p"" ���] 46107Z5 05/90/1996
<br /> UNIPORM COVBNAN'i's. �xmwer Rnd l.,ernkt awaront atrl aproe�fullowe:
<br />--= 1. Payme�M of hlncfpN �nd iMe�e�t. &xmwer !�Itt�ll pmnqx�Y P+Y when due the princl�l �nd inttrrst
<br />_;_�� iiKkl�tcrlc�w evi+kncr4!by the NiKr Rnd I�tc ch�r�e�r�.r pm�i�ktl in ttsc Ni►tr.
<br />-- ' Z.F�ue�l��or T�xa�nd I�nce. Suh,je�t to��Ilc�blr I�w�x a written w�iver by lx�xkr,Borniwer nhnll My to �
<br />`'�� lxncler on tl��y nwathly{+�Yn�ent�uf prin�ip�l wncf Interc!►t Rce�+�sy�l+le un�ler thc NiKa,untN the Ni►te ix�Id in full,� —
<br /> ;`�� sum(herein "Fu�xis') ryu�l te�unr•twaltth of thc yarly tues�n�l�ses+n�rnts pi�cluJlny co�xlondnlwt���xt pl�nnaf uai� _
<br /> d�wekq►n�rnt�e�rtneatr, ii�ny) whkh nuy�It�ln p�lu�ity ovrr this Dral uf Trust. uu1�n►u��1 rtntx��u tIw Pr��{xrty,if
<br /> ;'�� �ny, plua u��r•twelRh��f yrxrly prcndum laiullnknts for h�wni insurancr,pla�ane•cvr�lfth of yexriy prnndum in�llments _.
<br /> ti�r nwrt��e iimtr�t�ce, if�ny, all � rcxx�wt+ly r�tin�t�d i�utially�uwJ fru�u tlnu t�� dnx: hy Lc�uier un the b�s3s of
<br />-� aa�,esan�r�us A►xi uili��d rr���t�le estinutes therenf. &►miwer sl�all ixx t►e obN�atcd tn m�e��h paymeiaa of Funds
<br /> tu l.r�xlrr to thc extent th�t&�rn�wer nulcrs nuch p�yn�ntx ta the I�►Ider of�priar nxm�a�or derd��f tnut if�uch t�ide�
<br /> ,� is�n i►►uituti�mal lendt�.
<br /> :_� If B�rcower qya Funds u� Lenciar, the Funds stull t�c txld in u� ir�titution dk de{x�sits ur�a:cwnta af whicti u�
<br /> DY� itt�urcd o��utratueod by�Feckrnl ot stttc�gency(includhtg l.etxkr If lxnder is such xn Insdtution). l,�ixler shall appl��
<br />_ +�� the Fu�xls to p�y s�(d ux�s.�ssessnxnts,inwriwce premiunu�nd grcwod renta. Lt�xkr nuy�xK chu'aC for M�Ix�ldlqQ a�x!
<br />.•,G
<br />`;� r�lying tl� Futxls, a�yzit� sAid sca►un� ��r vedfying �nd compilin� �id �sses�r►�nte atK1 bllls, unle�s l.encler ptYs
<br />;��; ��7c�wcr intcrest a�:,�.F,���•v.a�gilca6le!�w�em�ts L.eixler tcr m�lce sut:h e eh�rer..Rormwe:r�Txl l.endrr may agree
<br />_j� in v�xicin�ae d�e daae c�f eaec.�utiou uf�tis Dee�c!oE'!�►mt tb�t i.troerest nn the Futxls sNl�be piid ta Bc�m�wtr,atttl unless
<br />_-_ - sucd agreement is m�de ar applicabk law royuircs such iuorrest ro be pxid, Lxntler shall nat be reyuired ta p�y Bcxscrwer.
<br /> :.,_ Any intenst or u�aiq6s a�the Fwds. Leixler at�ll give�o B+v�svwer,withciut clur�e,aa uu�l a��couating�►f tl�e F�na�ds
<br />-_— tihc►wing cmUts and debits to the Fu�i ux1 tAe purpose fur which each dcbft to the Funds w�s msde. 'f1x P�ad�s �►re ,
<br />»�� pledged��didowl socurity 6►x the suati sa:ured by this Deeci of Tcust.
<br />„,`�;;� If the amount of the Funds held by Lencler, tugetber with tLe future aWntbly imallmrats of Funds pay�ble prior to ,
<br /> — dx due d�tes of tues. �sses.sments. xnsurxnce premiums aod ground rr.nts, shtll eacercl tha�mount ralulred ro {uy uid
<br /> - -- uues. �ssessments, iativnnce pceroiuum and grouud reds ac they fill due, such excess stWi be. nt Bocrower's opcion.
<br /> �� ei�her promptly repuid to�orrower ar c�edited w Burrower on monthty inSWla�ents of Fw�ds. lf the anwuut of tD�r FuMs .�
<br /> h,:1d by Le�cler stWl na be sufHcieat ta p�y tucs. �ssessmems, iasunu�ce premiu�sad ground repta�s tbey fifl due.
<br /> Borrowec stWl pay to Leader aay una►nt axess�ry to nuke up the deflciency ia oa� or more�yments �s Lsnder n�y
<br />'��� require.
<br />-- Upo�n�ymea ia full of�ll sums secund by this Dad of Tn�st.land�r stnll PmnqxlY cefund to Han►wer any Funds
<br /> — heid by I.euder. If under para�rapd 17 bereof the Property is sold or tho Pcopecty is otheewisc�cqu1ra1 by l,ender.Lender
<br /> _= r,halt annty; m Wer et�an�+r+�±�•«ly prior to the sale of tLe PropettY or its acquisidon by I.�uder. �ny Futds hetd by
<br /> -�� Lenckr u We du�e of�plicuion u a c�edit tg�i�t tUe svn�s socut'od by this Deed of Tnut.
<br /> ��'�.. 3. App!{ation ot P��. Unless�pplicablc law prorides otberwise.dl payaaents recoivod by Leader under the
<br />�;`:'� Nnte�ad par�gcaphs 1 and 2 hereof slWl be applied by I,eader first ia paymcnt of a�s paY�ble to I,ern3�r by Bomower
<br /> — undor p�gnph 2 iueieo�f,then to iaterest paryxble on tl�e N�xc.and then to tde principil of the Note.
<br /> � 4. Prlor Mort��u�d Denl�af Tnntp C1��at Lieas. Bomower slull perfomi all of Borrower's obll�aaoas
<br />--- un�fcr�ny aaagage. c1�ed of tnut or ott�er secudty agnement wiit6� liea vrhich tus pdoriry over tlus Deod of Tn�et.
<br />� _ including Borrower's cov�mats to malce p�ymera.s when due. Bcx�wer slall pay or Guse to be p�id all qu�et,�ssastnCmts
<br /> — �nd dher ctmtges, fines und impositions ataibud�ble to the Pc.�pcnry which�nwy attain a priorlty rner this Deed of Ttust�
<br /> aad le�sehold pRyments or ground cetus,if my.
<br /> S. HaaM Imar��rree. Borrowec stnll kap tbe improvements uow eaisting or herafter erocted on tbe P[o�fetty
<br /> iasured ng�inst loss 6y�ire.husrds induded w(rhin the term"eatended coverago". and suct►aher hazuds�s Lender may
<br />;`<'-0�:
<br /> nquire and in suc6 amounts and for such{xric�ds a9 Lender may roQuire.
<br /> =.. 'i1x�it�surancc cacri�r providins the i.nsuiauce shrll be chosen by Borrower subjxt to aj►provd by Leuder; Wm+ided,
<br /> th�t such approv�l stnll rat be unr�ensombly withheld. All iasur�uoce policies and renewtla thereof shW be in� form
<br /> �cc.�eptable to Lender�pd slWl include t stu�rd mortg�ge clause in fivor of u�d in a focen accepuble ro i.euder• Lender
<br /> slull tiave the dght to hold the poliaies nnd renewals thereof. subjoct to t6e torms of wy mortgigr,deett�a'f uust a othec
<br /> � secudry�grcement with a lien which�as priority over this Deed of Tnist.
<br /> --- In the event of lass, Borrower�'hall give prompt aotice to ilie imvr�nce curier u�d L.er►der. Lender nuy make proof
<br /> of loss if nat nuide prompdy by Borcawer.
<br /> If the Propeny as abandoned by Bonowtr. or if Borrower fails ta cespond to Lender within 30 days from the due
<br />� ' naice is msfkd by ixnder to Horrower that the l�surance c�er oHers to sea;]e a cl�im for insur�nce l+ene6ts. I.ender is
<br /> - - �uthorized ro colixt and apply the insurance praceeds�t Lender's option eithcr to restoratlon or npsir of tLe P�perty or
<br /> --� to the su�secuced by tWs Deod of'TruSt.
<br /> ,Q�. 6. Pc+csen�tlon �nd 1Nainten�uxe of Propn'ty; Lase'holtisi Condaninium: PAn•��ed Unit Uc�dopmes�ts.
<br />��_� Borrower sl�all kcep t1�e Property in gaod repuir and shall nat comnilt wure or pernilt in�3rment or deterlor�don of the
<br />=�:��� .
<br /> � Property and shali compty with the provisions c�f auy lease if this Deed of Tcust is on a leaf,ehold.If this Dccd of'Cnut ts
<br />:''�"� on a unit in a condominium or a planned unit development,Bormwer shall perfonn all of Bo�rower's obligaaons under We _
<br />;:;:�,:.:: da:laration or coven�nts creatiqa or.�e,vern(ng the wncbtniniwm or plwuecl unit developru�ant,tLe by-kws�nd u�egulations
<br />,�`::�`. of We co��lnminium or planntd unit.�evelopment.and consdtukm�Ctocuments. �
<br />-':�;.z ; 7. Protectlno ot i.ender's Sec�u�ity.If Hoirower f�lis to perEorw the covemnta�cl agtame�s contttned in this
<br /> Ueed of Tnut,a iE any acdon or procealing is c�umenced wWch mit�riilly�Ykets 1�ender's intem�i°��y�n
<br /> �� Leriier. at Lender's option. uPon uotice to Borrower, mty make such appeuarces. ad'esMuse such suaw, i�ludie�
<br /> ., -:�:� rcasonable attorueys' fees, md t�lce such�edon as is necessaiy to protect Lendcr's interes�. 1f Leuder required moetp�e
<br /> _�?4-._ �n�»n�rr�.c n rrndidnn of m�1ci�dx low secutetl bY this Deed of Trust. Bor[ower shall➢PaY�Pn�iu�u trqu"tnod to
<br /> '. -• nnint�in such en►surance in effxt until a-uch time �s the requirement for suc6 insuraLCe terminues In �ccoruance wice
<br /> • Borrower's and�adec•'s writun agreement or�ppltable I�w.
<br /> Any amou�ts cE�sbursed hy Leixkr pursuant ro tUis paragr�ph 7,wit�intenst thereon.at tl�e hote rate,shall become
<br /> � aJclitio��al it�iet►tedness of Bcxmwer secured by this Deed oP'Cnisc.Ui�less Borrower �nd Leuder agree to aher ternu of
<br /> paynxnt, such amounts s1Wl be pay�ble upon �xxice froen l,ender cu Borrewer reyuesting paymcnt thereuf. Nothiag -
<br /> cont�inecl in this puagMph 7 shall require Ixixkr to iucur any exp�iue or takc any xtion hereunder.
<br /> � •� 8. Impectbn. LK►Kier may makr or cause to be n�de rcasnn�ble entries upon tud inspations of the Pro�erty.
<br /> �� providnd diat lx�xkr stull givr Borrower notice pdor ro uiy such inSpectfon specifyin�r reas�n�ble c;ause therefor rclated to
<br /> Le�xkr's inteneat in the Property.
<br /> Nchnsk�26a76-4 u9a OriQiaal(R�cord�d) Copy(Hranch) Copy(Cwto��r) �Y�2��� __
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