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<br /> � � � A r, 9Q06304 06/05/1997 -
<br /> -:r.s*.,+4�P�,�' pE013QE T[JRN6R �7'r•' 1O�!!�7 ---
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<br />''�,,,;. � UNIFARM COVflNAN'i'9. Botrovv�r+ad l.euder coventnt and�rec�a follo�� d� � princip�l �ad intercst
<br /> � 1. wnnenc o1 Prindpa� .nd Ineawe. H�m,wer sw.0 proaa�tlr wY _
<br /> � iidehtedness ev[danced by ttic Note u�d ltte tbugc�ts provldod in the Nae. goRnwcr atuil�►y to � -=.
<br /> � �x �.Ftindr�or Tuar�and Ia�wtitnce. SubJACt to applic�ble I�w or a writtea w�iver by LcacOcr, -
<br /> ' ' ;;` Leader on tl�cc dRy monchlY p�Yments of pdnctpal u�d lntanst are pa�y�ble under thc Note,untp the Note ia pAid tn fuil, w —
<br /> ' ' � sum(hec�ein'Funrde') equal to one-twelRh of the yeruly taxes and�n�s(inludir�copdomtdum ww1 plsnnnl unit
<br />',,���,:;,.. � developrnent�asessmente� if Rny) which mny utain priodty over t�is Deed of Tnist,u�d�raund nnta on the Propeny, if --
<br /> �ny,pius one•tw�1Rh of yarly premium inst�llmen�+for harud insunurce,Plu�one-twalRd of yeatly pcen�lum Icu�ullment�
<br /> � foe r�rtyu�c l�sur�nc:, if any, all a9 rcr�one.bly esdnuued initWly wd from dme to dme by Lenckr on the Mtufe of c,
<br />'�. � �ssessmetus�nd bilb aad re�sotuble estimttes the�eof. nts ro the bolder of pdor m�ort ti�e o�r dKd of tnist�if such hold r
<br />,��:��.� -� to Ixader ta tt►e c�tent Uut Bom►wer m�lces avc6 WY�
<br />- is rn iastitudoail leodor.
<br />=J- � � lf Borrower pys Fuads to Lender, the Fwads sh�ll be 6eld ia ta iasdtudoa�he depo�ita ar�ccount�of which+uc
<br /> �� t a s u r o d o r g u a n n t a d b y a Pederal or sate t gency(includin� I.ender if�nder i�����d��f or so�ho�ldi w d
<br /> t h e F w�d s co psy s d d t a x e s,assessmenu�insura�e premiums And ground � _
<br /> . - .." apniytc� tbe Foads, anilyrinB said account or vedfyIng u�d compiUn� s�id�ssessments and biQs. unless L e n d er p+rys
<br /> �;�i + Borrower laterest ou tbe Funds wd tpplicable Isw permits Lender to make sucb a chu�e.Borrower aad Lender m�y�xee
<br />:��;,:�:�.
<br /> �, .; .,,: i n w r i d n 8 u t h e dme of exxudon of this Dad of Tnut tlut incerest on the Funds sh�ll 6e pwid to Borrower. u►d ualess
<br /> Lender shal!nat b e req u i n d to pay H o r ro w e r
<br />=-'�� ='•��, such agreement js mWe or�pplieable l�w requins such interest to be piid, of the Fw�ds '
<br /> -=.,?��'. yny;aterGSC or earafu�s ou the Fundc. Lendcr stnU give to Bottower,without char�e.m snnual+cco�wtinY
<br /> - ;;;'�.';�t' for which each debit to the Funds wae mde. Tbs Funds nre
<br /> tr.s°•�.� � showlu�t cndita �nd debits to t6e Fuads and the puipose
<br /> �,���,�;n�•'� pledged r�s uldidonil security for the sums securod by this DeeQ of'lYust. ..
<br /> - -v_y. �_ If tt�e unount of the Funds held by I.ender.rogether whh the fuhue moatbly inspllmeats of Funds WYable prlor to
<br />.�::�:�'�., . •���,,,�nts. insurance pnmiums md grou�rents. shi11 excad the�mooac re4uiced to pay said
<br /> �w::� t 6e d�e d a t e s o f t u e s, such excess s�ll be, u B orrower's o p do n,
<br />°���.��aa::,tt, remlums �nd grouod nnts�s they ftU due.
<br /> _ -�.#� taxes. �ssments�iasuraac�P
<br />,,c;�v*"..s.�
<br /> ;. ..:;, eitlier pc�or.npslY�pttd m Bomower or craltud to Borrower oa monthly insallmenta of F�nd�. If the�awuot of the F
<br />�:_,,�;'`.,;:;'� heid by Ti.endr,r slull mt be sufficient to pty taxes. assessments� ia�vnuce Pnmiums md aco�nd nnts os they fWl due,
<br /> _:.:;_
<br /> Borrower stull piy to I.ender any amount oecessuY to m�ke aP the deHciency in on or more paymeata a�I.ender msy
<br /> .�c�i�
<br /> _,�,�,� require. refund to Borsower�ny Fuods
<br /> --:,�;w,�,� UPoa P�Y��i�tull af�il sums eecurod by tl�is Dad of Tzust,Lender�hall prompdY
<br /> �;����� held by E.ender. If uader pua�rsph 17 hereof the Pc�opertY is sold or the PropertY is othen�+Lse aaluired by Le�er. Le�er
<br /> ---- s1W1 aonlv. no laier d�n lmmedl�ccly prior to tlsee stle of the PropeKy or its acqutsldon by I.ender,tay Funds held by
<br /> --�� Lendet�t the dme of appllc,�tion as a ctedit�ainst tno su�sacurcu uY i++is�cw�f:'�.
<br /> --�_.—`� o[Pa�oenti. Unitss�pPlictble l�w prnvIdes otlsetwi�se,aU psYments received by Lender w�der the
<br /> —:„�� 3.Applk�tlon able to I.endec by Borrowu
<br /> _--.-""�� Note and pu�t�caphs 1 tnd 2lureof shall be tppUed by Leader flrst in paymeni of�mo�ats WY
<br /> _-�°'- = under par�twph 21�reof.dua to Inuzest pnYxble on the Note,and then to the principat af the Note.
<br /> --_= 4. Prlor Matpsas�nd Dee�s oi'Trusti C1u►[�i Lcae. Borrower sL�tll Perform�ll of Boaower's obliguio�
<br /> -- = under any uwrt�e. deed of aust or other security a�ramenc with s liea which h�s priority over this Dxd of Tcust,
<br /> = ine�udiug Harowet's caveamta w m�ka psyme�ats when due. Botmwer shall paY ot cause W be paid ill taxss. asaessments
<br /> and other ch�tge��fints �ad imPos�do��tuibunble to ttie Pmpe�ty wluch may utain t ptiorlty ova this Deed of Tcust�
<br /> ------- . and re�sebotd ps7'mente or�round rents,if�ny.
<br />—:`.:� S. �iawtf �s�ano�• Bocrower sbstl keep tLe imPc+nvementa now existin� or herafter eneted on tbe PropertY
<br /> inaued a�inst las by fin�h�zuds included within the term"ate�ed covera�e'�and sncb.other tuxards�s Lender m�y
<br /> require and in suci►anwunes wd for such Perioda�s Lwder aoiy require•
<br /> The lnevzsnx curler providing the i�u�nce shail be cbocen by Bomower subjoct to�pproval by I.eader;pnovided,
<br /> -_ - -- th�t such�p(�rovd slull not be unn�sontbly witt�held. All insurancc Policiac iad ce�w�ls thereof�tWl be in t form
<br /> :���� acccptxbk to I.eader�ad s6aU include a saad�rd mort�e clwse in 5vor of aad in a fo:m acceptsble to Lender. L.aockr
<br /> •��� stnll have the ri�ht to hold tLe I�ollcies and re�wale thenof,subject to tLe terms of wy mort�e�deed af uust or other
<br /> _�_� securicyr�reemsnt vrI�h a liea which hAS pdority over this Dad of'IYust.
<br /> Ia the even►oif 9oss.Borrower s1aU give prompt nodce to the lnsurance cusier wd Lender. I.endee may m�lce proof
<br /> —= of loss if mt made pmm�ptlY by Bormwer• �� J,�r within 30 dxys from tte chte
<br /> If t6e PmpntY ls abmdoned by Boaower�or if Bormwer fails to respo
<br /> noda is m�ilod by Lender to Horrower thu the��-��:cs�ier offers tn satie�cLim for insuraace benfits�Lender ia
<br /> - �uthodzod W cc�llecq u�d+PPIy the iawrance pmceeds at Leader's opdon eitLer w restoration or repair of the Property or
<br /> � to the sums socurod by tWs Deed of Tcust.
<br /> — i. Pt�r�Mlon and Matntenfuwe ot Propatyi Lwebold�: Conda�nfdum3 � UdR �ekpmants.
<br /> -_—_= Bozrower stWl kxp tUe PropertY in 8oad�t��°0t commit waae or permlt imp�irment ot detecionuion of tbe
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