|
l"R7� ' `.•fi_�:�fA. ,.� '_.;f,j... -_ r� -,_ti�...�..�_ -.___-..._. --- -
<br /> . _:sJS�i'' --- r - ---_-- ------ -
<br /> ' nr:um�+�a±��—R.��,.��- .u,,.—
<br /> ��� 98�� ���oQt �, .
<br /> B�ftnwerC���n�inu���o�a�tt ii IawNll �eixed of the osute �x com o�iA'�d h�s Iho ri ht to wnA
<br /> Y � bY !i !I�
<br /> oonvay tla Proparty,xnd th�t tho Properry is wtet►cutnborod,oxoeq iar o�rcumbru�of t�cord. F3orruwat oovan�nu th�u
<br /> �xrowat w�m�nu Rnd wlli deftnd �cncr�lly Iho titlo to tho Aropeny �g�uin�t �II cl�imi �nd dem+�nd�. wbJoct to
<br /> ��o�
<br /> cJNtrronM cov6NArJrs. H«rovret.,ta[.�Mer ooven�„1.nd.groo ai rol�mvt:
<br /> 1. PRyn�t ot Prinelpal and Interc� Bonowcr �b�ll promplly ay whan duc Iho pdncipal and inlorwt
<br /> lndabtedn��idenoed 1�the Note and UIe charga�nd atier chuqea u provided in the Nde. _
<br /> �. Pay�sewt of Taus. Subjeq to�1lcablo law ar a writton wAlver by Lendar,Aorrowor�hAll pay wca anQ
<br /> ata�tmenu(including condominium iud plaened unit development nsea�ment�,if nrry)which mty atuln prbriry ower thi�
<br /> Daed of Tru�t,and ground nnb on the Property.if ury.
<br /> 3. Applic�tion nf Paymenb. Unleu applic;�ble Isw pravidcs othenvisc, all payments raxivod by Lcndcr undcr
<br /> the Nou end psregraphe 1 end 2 hcroof studl ba appliod try I.onder finst ln paymcnt of an►ounts payablo to I.ender by
<br /> �r,,.,�r:r»nck�n„Mgr�nh 2 herrmf then to intet�eri p�yable on the NOte,An,d thcn tu We orinc�oal a�We Mote.
<br /> I, hbr Mort�afa a�d Dee�oT'Tru�t;C6�r�et;IJn�. Bo�t+ower sbW perform all of BotmNe�e obli�tioo�
<br /> under�ay moct�e, dood of tnat or ether secwity a�ent with a liea which d�s piocity av�er this Deod at'Ttust,
<br /> includiag d�arroaxr's�as�ts to sa�.ak+e pa�xn�a�r�as�dyo. !Eierros�rer sle�ll pay or�ause to ba p�id,Pniar to clelinqueocy, _.
<br /> all W cts,assessa�eats and other ch�rges,fine,s and impositions attributable to tho Prope�ty which may attain�prionity ovcr
<br /> thia Dad af Trust,u►d leasehold paymecm or gnound nuts,i�'arq+.
<br /> S. H�rd Li�rasca Hoao�r stu�ll ke,�p���amp*aveanents now ez::�mi�ag or 6eroafla erocted an Rlie Praperty
<br /> i�ued agains!laas by fze,bazards included withi�n n�e tman"�x.ended ccmrA�e', and such other haza��i�as:3f,enda may -
<br /> roquirc at�an auch uno�uqs ued for sucb periods ts Leader rt�►3 ra�nire. �
<br /> iCfie �nsuraaa carriar pron�ctin'ng the insurana shAl� �a cLo�en by Horrawer sub,j��G ta apj�x�v�l by La�er,
<br /> pzmesiod,n�at such appmnval Fhall not bewcueasonably withheld. All inauanoe policia and z�c•ne�vals thextat�slull be in�
<br /> Ta�th i�,table to I,cndcr•�ad shaU inclucie a stendard mortgage clauso in favor of and ia a form eooe�s�6�1c�10 I.ender.
<br /> L�ea�t.�have tht rio'ht t�twld t1�c Folicics and ir:newals thattiof. subject to the terms of atty mortgag�e,�ecai of"Uust or ,
<br />- L.1�.��w.,,,,,;;T.;�f�v,ep,_ ae gyr!}�a�j�iti•t�nr1�ha�t ntinti2v QvCf'thiL fie�t�Of T[11st. • • .��
<br /> IGn+ihe evqit ot 1os�,Bomn►ver shall give pcnmpt notdv�tr��th�e inmuana carrier�n�' :t�i�• I.eader mtY a�ii;ec � . �
<br /> proof vf kRV.e if not nwdc P�'omptl9 bY��• ' � ' .
<br /> If the Propeety is�bandoned by 9onower,or if Homowu fails to �to Lender wilhln 30 d�ys frem the date �•
<br /> �IOE 1S IOBiIOLI by LCIIdC[l0 2lOR�O{YCI UIST[IIC Illb'UIBIIGC C8[I1Ct OIICIB LO iCiltlG N i:i2�iti aiii ia'"iQifaiwv ucucuu,�i�c+"M'�6i ii
<br /> autlwrizod to colloet and epply the inainoce p�c�coode at Lende�s option either to resWration or repair of tlu Propesiy or to
<br /> tbe autu socurod by tbL Deed of Trut.
<br /> 6. Praervat{ois �ud M�terwa d Propertri k�ebold�; Cw1o�i�i��t; tlaored Uak
<br /> Dadop�a�t�. Haror�er thaU kap thE Property in good n�tr aad ttnll nat oommit waste ar petmit ioorplr�at a
<br /> desaioc�tian of the Prope�ty a��11 ooa�ly with tbe pmvl�tom of a�leax if this Deed of Trwt is on�Iwrhold. If t1J�
<br /> Deed of Tnaa�t i�oa a uait ia �ounebmirnium a a plumod uait developmecit,Bo�mrMer�hall perform all of Borrow��
<br /> obliption�anda tbe decWttiaa or oaveaanu cratiag or go�veming tho oondominium or pWu�od woit davelopmeot.the by.
<br /> ; lnwe and re�ulattoaa of thc oonduminium or plarmod wut dcvelo�t,u�d consdtuent doament�.
<br /> .S
<br /> 3 7. Protectba ot I.a�uex'� Sec�rity. If Eormwer t�its co pafam tha ooveoame and ag�oementc coataiaed in
<br /> � this Doed of Tn�t,or if atry sdion or prooeedins is wmmenoed which malerially agoct�I.akla'� iata�at in tbe Ptope=ty�
<br /> .. then I.eader�at I.ende�'� optio4 �n notioe to Borrower� maY n�ai�e such aPPeareooes.disbutse wch wrtis,includini
<br /> i crauomble atton�vys' £xa.�►d Wce such acdoa�s is aeoes�ry to protax I,a�da's interest. If Ianda roquirod mal�,sge
<br /> tnaranoe u a oondicioa of making the lo�a�ecured by thjs nood of'lYust,9«row«s6a11 rzy the pemimas raqu+rod a
<br /> ' m�intein�ch insuranoe in e�xt uatll such tink as thee requiren�eat for such iaAUanx u terminated in�000rdtnoe with
<br /> � HoROwcr's uid Leada'c wtitten�t or�ppiicsWe law.
<br /> ' Any amounU disb�rsod by i.a�der Puraiant W this Pangraph 7�cvith intaest t1►eroon. u tLe NaR�e rate,shall
<br /> � bocomo WWitioaal inddrtodness of Borrow�er oocured by tWs Dood of 71�us1. Unless Bomcwer and Leoda�roe to otba
<br /> � texms d p�yment, a�ch amounts thsll be pay�ble upon ootioe fmm Lcnder to Bomovvec requatina pryment thet+eof.
<br /> � Nathing ooiwiined in thia pataareph 7 ahell roquire I.ender to incur azry expease or Wco any ecdon ha�eu,nd�a.
<br /> } S. Inrpectio�. I�eadcc cm4' nutice or caaive to be atado[e�sonable ealries upon apd inq�oction&of tbo Prap�ax};
<br /> � piovided t6u Leuder�11�iv�e Borcov►w notlx prior to any sach inapxtion epecifyins rea,9oaable c�nse tLe�eta rneWac�Yo
<br /> I.eoder'�intaest in!!�e Ptopetty.
<br /> 9. Cordeaa�uttior. The pocads af any award or clsim far dnn�es,dic�ect a oom�eqneati�l�in oo�ae�x'son wiih
<br /> i smy condca�wUloa or othu uking of t�Praperty� or l�ut tl�rroo�or fac aoavay�noo in Iiat d condemn�tion.�re he:+eby'
<br /> � assigned aad�hall be paud to I,ender. subjea to the dghte of tLe boWer af any mwt�ge,doed af tn�at a othx �oauity
<br /> .e..�........a�l�.tiM,whsch h�c niir;w e�.�this Deed nf Tnut
<br /> ro. ..�_�..---—�-----�- . . .
<br /> 10. Horr+ow�er N�t Adea�ed;Forbear�ce 8�I.a�r Not a Waiver. Exteaa6un of tt�c time for ptyiuent or
<br /> modifiqtion of amortiration of the sums savred by t�s IAax�rF,Tnut ganted by Lea�s uo�arty suooes�a is imuaesi:of
<br /> Bormwu shell not operate to relase,or ntb��n�ise affixt i�, ;ury m�aner, the li�hiYit.p aE thc aigi�l B�oaurna a9d
<br /> Bortotiver's suocasecs in intere.st. Lenda si�li noe t5e r�x}+uro�4 ao oo�men,ae P:aooe�n�s s�dns�s�th sucmr�:oe ssf�e to
<br />_ cactrnd rinu t6x(wpu�uu ar ntlu�oite modify amorr'rr.�ioa ot'tlse sua� aoc�eQ 6p t1�IIrtd of T►vet 6y�so�of any
<br /> dan�nd��iud�Ity ttu:udgfaal 13u�ivwcr uid 8orroaci'R�:s in ietutr.s� Any fu�++�:.:by I.ender iu e7oacaain�.my
<br /> right uc�x•rmody hecwnder,or dl�wise�'orded by appiica�t7c la�.�6all uot ix a wai��er of oz proclade tLo exacisti ai any
<br /> soch right or roroody.
<br />- Form N939 NE (10/96) F�ge 2 of S
<br />
|