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<br /> --=^�:;�c�� � CT j�FAAD H NiL80N
<br /> 101973 O6/03/1998
<br />-� ..�� • UNIPOAM COV�NhN'i'9. Barrower�nd I.Cnder Covenaut tad�tee as follaws: �g^ �,na7a��7j; ���--
<br />.. ., .., � 1. p�tym�t d prlr�p�l �ad Interert. 8otcower ctull promptly p�y wlinn due e princip�l And (nterest .�:._:..
<br /> ;^;.; `.: Indebtodne�+evicfencec�by tha Ncxa u�d lue ehu�ee w provided in tde Nace, e_;-
<br /> 2, F�uttM for Tuca u�d I�twR�xe. Sul�oct to�pplic#blo l�w or a written w�river by I.euder, Bormwar etull pwy to
<br /> , . � Lendet on ttk daY r►x�nthiY�Ymenta �f ptincipal�t�d Intercst are My�ble unde:r�he Note,untH tho Nc►te Is{►�Id In full,■ �.
<br />=`�;�;`;�; sum (hereln "Pund�') eqwl ta one•twelflh of the yeuly tua�nd we�s�aeats(IncluJin�condominium�tKl plu►naf unit
<br /> '” ' devcicmment wesxmenta, If�ny) which rtuy�ttaln priodry over thl�Deed of Tnutt,uKi�nwnd rcnt�or��he Prn�wny. if
<br />;,.is k., :. �ny.plw nne•twelflh of yeiuly premlum iast�llmenu for h�wrd in�ur�nce�Plus uac-tw�lith uf yeuly�remium Itu�utlli��ents �'.:.
<br />= "''--� for mnrt�e inaurruice, lf eny, �tl �e rauna�bly eatimued (ald�lly u�d fmrn drne to dme by Lender on the b�ais of
<br /> �� �sessmemx�ad biU�+�nd re�n�bla eulautoe thereaf. Borrower�tull not be abli�ueci to mdce such�yments uf Fui�1F � -
<br />:�� to l.etttl:r to tl�tt e�tent th�t Rormwer m�lcro suctt p�ytncnn ta t6e ttolder of r prlor rnonQ�Qe ar dad��f trust if r��ch haldcr _
<br /> Is an InsdNtiotul lender.
<br /> � ',','�� If Aortower MYs Punda to Lender, the Funde shf�ll be held in an in�tltutinn �►e deposite or �ccounte of whlch arc
<br /> `''"` � insuml or�u►rRnteed by a Pedenl or st�te�ency(includlno Lcnder if LendGrie such sn institution). L.cnder Rh�ll apply
<br /> ��,�,;�,. ... d -
<br /> ••;� elie Punda ta p�y s�ld tuca, �asesstuente,insurance premlums Rnd around cents.Lender mry nat chu�e far so holdin�and
<br />�;,«,::,.., .
<br /> �_r.,�,,;�ti� ; wpplyiag the Fun�dc, an�ly�in� s�ld account or v�dfying and compilin� s�1d ucesuaente wd bills, ualesls 1.,ender pAys
<br />- �_� . ;,; ! Horrower interesc oa the Funds and appUc�ble law permlts L.ender to nje0ce such�clurAe.Aorrowcr oad Lender m�y�gree
<br />�`'`�`P "'' ' in writin�at the timc of execudon of this Ueed of Truat th�t interat on the Fwrds shall be paid to Borrowcr, And ualess
<br />"�:��"�s
<br /> '�f � {•T� such ceement is m�de or lic,�ble l�w uires sucb interest to be d,Lendes ttull not be required to psy Borrowec
<br />.:..�,�.,c�,;,, �S �PP �l P�
<br />�;_«'�*;;:. , u►y Interest or eariilu�e on the�'unds. i.�nder shall give to Bomower, witLout thau�e, an�na�uil�ccoueKin�of the Funds -
<br />;,;�,.�.,� showin�credits and debits to tha Fw�ds rod the purjwse for which rach deblt to the Funds was m�de. 'I� Punde ire
<br /> ::.., �ti.:. � pfedgcd u sddiauna!secudty for ihe sums�ecured by this Deed of Tcust. _
<br /> : •'�..'. lf tl�cc amount of the Funds held by Lenckr.toYether wlth che futun m�n�61y in�taUments of Funds psyable prior to
<br /> ;�:,_��,.�
<br /> r:,;;_;;"`"�' the duc dtt�s of tues. �ssessme�ts. insururce preadums�nd�raund rents,sWll exceed thc amou�tequired to pay said
<br />=;-��c�.° � t�es, ass,:ssments�insurAncc premi��umc�d ground reats u tlbzy f�ll due, such exc�ss ahall be. �t Bormwer's opd�ca.
<br /> r.��, .:' either pmmptly repiud to Botrower or credited to Borrower on moathly inst�llintnts of Fw�ds. If tLe�mount of the Fw�ds
<br /> ';'�"":��� held 6y l.ender s�ll not be sufficfent to p�y tAass, �ssessments. iawr�nce pnmiwug �nd gmund nnts�s thay fill due.
<br /> �'t7' °'� .,__,...�_,.,,,n .....,,,. t�ivier any amount necess�y to mplce up tLe deflCleucy in o0e or m�on paymGnts as I.ender mlly
<br />. .=--t.�- uva�vww wn.••�..y •-- __.
<br /> .���.
<br />=-'=,=�+,'�`�:t U�.+on�ymont#n fuli of�ll su�ru secuced by ttds Dad of Tcust,L.e�er slull pmanpdy nfund to Aorrower uny Funds
<br /> —=°�i�.qti
<br /> __- = i�:d by L:.r.sltr. If str�er gazs,^rsph !T h�!!�P�hP Pmneny ia cold or the ProAeny ie othenvise�c9uiral by I.ender,Lender
<br /> _-"�'�.� stwll wpply, no laur tlua immedi�tely pdor to tl�e sale of tlu Property or its�cquisition by Leader, any Fumds held ay
<br /> _;.,� . Lernler�t t!u dme of applicadoa as s credit tgaiau the sumc exured by thia Dad of 1':vat.
<br />--«-e`�T'�.. 3. A�plla�tlaa ot Pa�neah. Unless�pplic,�ble l�w provides othecwlse�dl ptYments received by Lencier under the
<br /> e�..�___...»_....e.,.„,.....�e.....h1�m T��xlr.r hy Borra�wer
<br /> ( NOIC All��[i�1I19 1 iD1I Z hGi00t Sh�ll bC��11Cn uy ieuiai iva�au�ew��.w�• «...•........n=�-..-- •- - -
<br /> �==`W'�' u�er pux�r�ph 2 hereof,thea to inttnst payable on the Note,�nd then to the pd�tp�l of the Note.
<br /> • 4. Prlor Matp=a �pd Dads ot Truet; Cd�r�es: Len. Borrower s6�11 perform all of Borrower's obligsdoa9
<br /> ���� under any mort�aa�e. doed of m�st or other security �rament with a licn w61cL has prio�ity over tbis Uoed of Ttust,
<br /> , "'::;�. including Borrower's wvenuus to make payments when due.Bo�rower sh�ll p�y or cause to be paid all taxes,assessmeats
<br /> ., ;.�. s, Rnd otLec cb�rges,fi�s and Im�wsitio�utrlbuts�ble to the Froperty which m�Y aa�►a pdoriry over thls Deed of Tn�st,
<br /> _-�--'���'�, wd leasehold paymnta or groucd rent�,if tny.
<br /> ;; s, q�an1 Lrurance, Borrower stWl keep the improvements now exisdn�or heceaRer erected on tLe Pc+operty
<br /> --- �� insured�gaIpst lose by iiis.huards lacluded wlth{n the term"cxunded covevr�ge",md such other h��ls as Lender may
<br /> -,�;r require�nd in such amounts wd for such periods a�Leader may require.
<br /> _�.;:,�� 'A'fie iativrance c,ania providiug the insuranct stWl be chos�n by Bonower subJect to��pprovAl by Lender;provac�ed,
<br /> tt�at such approv�l s1W1 not be unreasorably wlthheld. A11 i��,n� poHci�s and reaew�n]�s t6ereof sholl be in A farm
<br /> ---- �cceptable W L.enJer�nd s1W1 include a st�ndar�d morta+�e clause ln favor af tod in� form acceptable to Lender. I.�nckr
<br /> - ---� sinll have tlu right w hold the policies�uxl.sen�ewals thereof,subjtct to the te�s of u►y mozign�e,deed of tnut or othcr
<br /> =v� security�g�xmem with a llen wLich bas prloxiay ovra this Dad of Trust.
<br /> --Y:�i. I�ihe event of loss, Horrower shall give prompt notia to the insuru►ce curier and I�e.nder. LeucSer may mdce proof
<br /> -��;� 1
<br /> --- - of loss i�F tat made prompUy by Barsower.
<br /> ��---a— � If the Property is abaudoned by Borrower, or if Bonower f�ils to raspond to Len�der within 30 dxys from�hhe d�te -
<br /> _ � ' notice is mdled by Lender to Borcawer tbxt the iasvrmce carrier offers to settk a c1Aim for iasurance benefits,Lender is
<br /> --�,�`°'3� autLor�zecl to collect�nd apply the iasurtnce pracxds�►t Lender's option either to restor�►don or repair a�F the Pcoperty or
<br /> •�x��=
<br /> _ �- ,�'±�'�1 to the su�ms secured by this Deed of Tnut.
<br /> ��•:,��:��a P1�tmn1 tJnit DereiopmetNR.
<br /> _ Et��;� 6. PraeesaUoa aacl Maint�rnwice ot Propert�; Le�.xhotd�3 Condomini�ms;
<br /> �-;'"'f w• � Bocrower s6�11 kap due Pcoperty 9�good c�F.�►�R and sl�ll°°t commit w�ate a permit impairmeas at slettrioradon of the _
<br /> _.a vS.�;, ... .
<br /> r��:,v�.�'� , p�ny ,���mply with the provisions o?any lease if this Deed of'T'n�st is on a leasebold.if this Dad of'Tnut is
<br /> ,..,*,t.,:��::.. �
<br /> °;�",'�=�. . on a unit iu�condominium or a p;L��ned unit development,Bomower stWl perForm�ll of Borcower s oblig�tions wndcr the
<br /> ';;',i.;,:'..� ' d�eclu�adon or covenants creating or gwerning the condominium or planuoct unit developmza�c,the by-laws and regulodons
<br /> --�k��_;t;k�,;;s� of the condominium or planned unit development,aud cunStituent documcnts.
<br /> � 7. Protectka ot I.ender'e Security. If Bomower 6ils to p�rform the coven�nts and 4greements contairod in thts
<br /> �'�'?�=� ` Deed of Tn�st. or if any ucdon or proceeding is commenced which materWly tflFecta Lender's{oterest in tLe Pcoperty,then
<br /> Lender. u I.aader's option, upoa notice to Borrower� m�y mrke such �ppeuutces, dlsb■iurse-_sJu_c_h su•-m:ug.,i�ludin�
<br /> _ _ �y� _J�L� ..L �.�5. ��lu M/�MVMI T!N{!!f�C 1�CIL�_ !f LLWGi T�LLLLGLL�ali�i�i
<br /> -_--:-.�--�;.�� nimT/�l�i�01�yY IO�i�I�il�Y N��'i OVN�w1rMVY iv iu�� � �v�r�..w�. .______ .. . _
<br /> ...:•:�.!CI:. _....di� �i m�41na f
<br /> .='�- i.nwrw..:::�..,.,.. o�:.____..� hr I�un aecurecl bv thLs Deed of T[u5t. Horrowcr shill piy the prcmiums cequircd to
<br /> � mJntain sucL inauywce in effect undl such dme as the iequi.eunnt for such iasurance tecminues In accord�nce vv�m
<br /> . Borcower's tnd Lender's written�roement or Applicable l�w.
<br /> Auy�mounq disbursed by Lender pursuavt to thts ptraataph 7, with inut+est thereon, at the Note ratc,slull become
<br /> � scWition�l indebtedness of Borrower securcd by th[s Deed of Tn�t. Udess Boxrower and Lender agrce to othrr tettns of _,
<br /> �uyment. svch �mounts sha11 be payablc upon nodce from L.e�1tr to Bottowcr requesdnQ paym�nt thereof. Nothing
<br /> � conteiaed in this piraQraP6 7 s�ll re9u[re I,ender to ivcur�ny expease or take�ny�ction hercunder.
<br /> � . 8, In�pectlon. Lender way m�ice or cause to be m�de reasonable ewcies upon u►d inspecdons of the Pmpeny,
<br /> , t ,• '- provided that L.endrr sball�ive Borrower nodce pdor to any such iuspadon Epecifying ceasonable cause thertfor rel4ted to
<br /> • • II.ender',interosNn the Propeny.
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<br /> � N-.erulu 26e76-4 1r�a Origiaai(R�cordsdi CopY(8rauah) CapYlCui�toa�r) P,�e 2 ofs
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