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<br /> � TO SBCURE ta l,ender tho repaymont ot tho indebtedn�xs evldenc;ed by Borrowet`s nAt�e dntr.d �A
<br /> MAY 15, 19 9 8 and extenslans�and rena►val��thnrcaf(hereln"Nnte"), OO
<br /> in tbc principal sum otU<S.� 35,000.00 .wlth intr.rr,yt thoreA�n,providing for �
<br /> monthly iastallments of princlppl and intarast,wlth thc bulnnr,e of the lndebtcdncss,if ncat�saoncr paid,due ancl peyable �
<br /> on MAY 22, 2013 ;th�pnymcnt of all othcr sums,�ith interest thorcan,advan��ed �
<br /> !n accordance hercwith to pratec► tho seaud�y of tbls Dced ot 'Trust;�nd the perf.�rxr►ancc of the wvenanu and
<br /> agreemonts of Borrower herein wntainc,�l. � �
<br /> Rorrower oovenants that Borcawer Is luwfully seised of the esuce hereby�onveyect and has the riglit to grant�nd
<br /> conYey thc Properry,and that tho Property is unancumbered,accxpt!or encumbrances of rxord. �uurrower cavenamu �
<br /> tbat�icrower warran�.s and will detend gnnarally the title to the Properry against all claims anc�demands,subJect to
<br /> encumbrances of recocd.
<br /> UNIFORM CO�P.NANTS. Borrowcr and L�endcr a�vcnant and.agree as follrnvs:
<br />: i. p��t o� pi(�dp4,l �ud Le.t�reat �rrowcr shn11 prompt�y pay whea due thc priacipa�l �nd iatereat
<br /> irr�+tedness evidenced b�y th�e Note and lata charges an providcd !n�hR I��►�. -
<br /> � F�a�60�Twxs su�I�r�urawe, Subject to applicable law on s wrikun wniver by Lender,Borrower sk�xQ ptY
<br /> to'.A�����!t:e d?y mo!±�ly�!;n►�en«of prt�ncinal and inuresc ere pnynblr.under the Nuce�until the Nnte is paid
<br /> in[ull,a sum(herein'E1�nds")cc�ual to one-tweifth of the yeatly tsxes aa� assessments(incluct��ng oondominium scN1
<br /> plpnt►ed unit deveIopmeat acsessments,it any)wblch naay attaln priorlty over this De�!of'I'�usA�nd ground renu oa
<br /> th��roperry,if any,plus ox-twelfl4 of ycarly pcet►�,ivnn instal,lmcnts for hazud insurpnr,�pZvs oae-twelfth of yearly
<br /> grcmi�m Instailr.!cnts for mottga�e Insurancc. lP any,aU ss reasonably atinwtM•intici9l�a� from time to time by
<br /> Lender on the basis af assesscnents and bills and reasonable estimates thereo� Bortower shall not be obligatecl to
<br /> mako such paymeau of Funds to Lender to the exteat that Borcawer makes su�ch paytn,eau to the holder af a prior
<br /> , mortgage or deed of trust if such holder is an iastitutional lender.
<br /> Zlgorrower pays Flu►ds to I.andtr,the P1�ads shall be held ia tn insdtution the depc�sits or exounts ofwhkt► sue
<br /> lasnred or guaranteed by a FedsrnI or state agenry(including L.ender if I,ender Ls s�uh an institution). Lendcr sh�ll
<br /> aQpty thc Funds to pay said taxes.asacsimonu�insuranve premiums antl ground rentc. Lettder may not charge f�x so
<br /> holding and applying che Funds,aaaSy�zing said a000unt or verlfying a�cl compilIng said as.�ssmants aad bllls,ualas
<br /> Lender pays Borrowcr interest on the Flinds and appUcable law permits Lcnder to make such a�huge. Bocrower aad
<br /> I.ender may agra in writiag at the timo of m�ecution of this Deed of Trust that interest on the Funds shaU be p�M
<br /> to Bonower,and unless such ageement is mxde or applicable law requires such intet4st to be pald,L,ender sheU not
<br /> be required to pay Borrower any�nter�ct ar oarnings on the F�nds. Lender shall�ivo to Borrower,without chargc,
<br /> ,� an annual aaoounting of the Funds shavving crediu ana debiu co�he Funus:uu i�a k�rp:�N t�r��3:x�.z�dshi'-`w
<br /> the F�nds was mada Tho F�nds ue plecigod as addldont�l security tar the sums secute�l by this Dood of TrusG
<br /> ;�; If the amount of tha F1�.nds held by I.ender,together with the futuxc munthly insta'lltricnts of�nds pAyable prior
<br /> t�the det�±*tPs nr*nRrc,acaeccman�s,incuranoe aremiums and l�round ronu,shaU o�ccxed tho xmount xeqµtrod to pty •
<br /> i seid tazes, Assessmcnts, fusu���nca premiums and ground rents as chey fall due,such excess sia�.0 bo, ut Fwnnwcis ,
<br /> ,: option,either promptly repaid tc►Borcowcr or crcdited to Bonowcr on monthly InstaUments ux Fliz�ds. If the amount
<br /> t of tha Funds held by Lender shaU not bc sutCciant to pay taxes,+�sessmo make u�the defict ns Aln on uor more
<br /> ► as Wey hll due,Borrower s6all pay to Lendcr any amount neas.eary P �'
<br /> t pr�ymcnts as I.ender may requira
<br /> "j �Upon�ayment in full of all sums securcd by this Deed of TYust,I.cnd�r shall promptly refund ta Barrower auy
<br /> ;i fi►nds held by Lender. If undor pe�ragra�►h 17 heroof the Propecry is sold or �lee Prope:tyr is othomises eoquirod by
<br /> ���� Lender,Lender s4all apply.no laur.r7r.�E icamodiately prior to the snlo of the Propercy or its aoquisttion by Leader�
<br /> `;;� any�nds he�*���Leader�t the ti�rae���•a�pLicatIon as a ccodi.t?�z�s[the swms savred bY thts Deed of Trus�
<br /> , 3,, t�o[�n�p�. Ua3ess�pplicab�e la.w�r.ovi,d�c�s o}t�eawls0.�pgY�ents rxefve�by Lender under
<br /> the Note aA nd�p�ra,gaap�a 1 x�z�c 2 hereQf�sfit1U be app13��:�b,y.L�Y'Furst in piyra�ett�f antounts pnyable to Lender by
<br /> ��`� Bonower under�r�aga�s��'hEreo�tl�rte so intarest px}�aDFc o�cr,t:�Note.tnd tben r,�tbe pxincipal of the Note.
<br /> 4. Piior Y+1.4zmp�s�ud De�ods a+f"I�(LarEes;Iiem. i�:mra�wer sriW perfarnt a1l.�Qk'.$ormwer's obHbutio�s
<br /> - under any mort�uge�deed of trust or o¢Iver soeurity agrcement with a lien whIeh has p�icxi.t�c�rer this Dad of'I'rugt,
<br /> includ[ng Borrrnver's oaven�nts to mal�e paymeats when dua Borrower shaU peY or ca�x4e to he Cmid alt ta�xs.
<br /> � assessmeats ead other char�es,tines and imposltions atuIbutable to the Property whtch may�t�af�x pxi�xiry nver Ws
<br /> Deed of Trust,and leasebold paymeuts a�t�cound rents,if any.
<br /> ;.:'; S. Iiaraed Iasun�oo. Bono�wu s1tr�iLl ktep tho improvemenu now oxiatfag or hereaRer cn�x,ed oa t�a Properry ,
<br /> , insurod aaatnst loss by fire,ha�ards indwr�ka3 wlthin the term'extended ooversge'.�nd such v�huards as Lender ,
<br /> mav roauire and in such a�ounts and for such oei�ads as L�ndet maY n4�• . •
<br /> ' �'Ibe insurana camer prcrrWtng thc insurana shaU be choscn by Borrovver subjoct to approv�l by Lcstdar;�rsn+zdcd,
<br /> �i that sucu appro�al sdall twt be unreasonabty withhald. All lnsurance polides und rencwals thereof shall be in a foro� �
<br /> `6 aaxptable to Londcr and shaU inctude a st�ndud mongage daus�e in favoc of and ia a torm acoeptable to Lender_
<br /> Londer s6all have the rigdt to hok!the poJfciea and rentvvaL•'th�'bf,sebject to We tert�s of�ay mortg�ge,deedof
<br /> crust or other socurity agteement wIth a lkn which has priority over tEis Deed of Trust�
<br /> ' In tde avent of losr�„Botrowcr shall give prompt notice to the insurana a�rrioc and Lenricr. �.cuder�ay a��a
<br /> - proof of loss if not m�►de promptly by Bonower.
<br /> '", It the Proparty.i&nbandnnai by Borrower.ur if Borrower fails ta rapond to Lendcr witlsin 3�days hvm the dstct
<br /> notia is auikd by Lender to Borrower th�t the Insuianoe cacriar at�ers to settle a cluim!br tif.4uraaa benefits,Lender
<br />_: is aathor[zed to callect and apply ttAe insurance proccalc at L.ender's optkn eitbr,r tu rc.�stn�cfon or repair oi the
<br /> . � it_ T��J ..t T...w
<br /> �oper�Jr nr iv inc suuu sa.vFai i'ry'iuu a.�+.,. ..�:.
<br /> b t'rG;..�.tiw aad Mainuaaaoe ot Pn.pe�t�; i ta�eL��kk; (�d���: Plaesed Uatt DoMelop�.
<br />_ Fbnower s6a11 koep thc Property in good repair and shall not commit waste or permit impaitmcnt or dcterforatioct
<br /> of the Property and shall c�ompty witD the provist�ns�f any le�se if this Dad of Trust is on a leasehold if thts Dced
<br />= NED[iASKASECOND MQR'PGAOE:-11BD•FTdMAIFHLMC UNIFORM INS'IRUMEN[' �'��
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