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<br />, ' ` .� • BOIt01NEt CaYCnBIIffi a18L BO![OWCf t3 ISWftIIlji bCL+Cd Of t11C @418ZC�7P�CODti'�'�SIId�S�iC Ii�t t0$T'dIIt �'�
<br /> �.('-' `��. . aad comrey the AropertY.aad that the Pmperty is uneacumheied,esoept for eacumbraaces of�oord Borrawer ooveaants
<br /> � _ '� that Borrower ararraats and w�l defead generaIly the title to the Property a�in�t all cisims au�deman�,sublect to� %, �.�
<br /> . �`� ,� encnmbrancesof�record. � ``��_
<br /> . ',•., L1NIF�ORM COVENANIS. Boaower ond Lender covenant and agee as follaws: � ��k�,.
<br /> , `"= 1. Feyment ot Psir+dpal and In3erPSt. Borrower shall promPU9 PaY when due the plincipal aad iateres� �; `�.�..
<br /> m
<br /> . ` ��� iadebtedne.c4 evi9deaoed b3+the Note sind�ate c�arges as pravided in the Notc. :�r••-. .� ^-'`
<br /> nd .
<br /> �•.� a. �lnuds for T�es easd Insmm��. Subject to appli►�ble!aw or a written waiver by Lendcr,Bosmwer stiali �:�+ }
<br /> . ` ' of and'utterest arc papable under the Nate.unt�i the Note i�paid�'
<br /> . .,� pap to Lender on ttte day�athlY P&�� P�F� °II -..�.
<br /> . • ia fuU.a s�un (hereia°Funds�equal to one-i�veifth af the yearly tases and assessucents(inctuding condaminium and�
<br /> di
<br /> , . ptamied uait de��Iopment asse�eats,if an9l which inai'attaiu Pn°rtt9�'er this Deed of 1Ynst aad�round rents on the� ;°; --
<br /> �� Pro �f Ius one-tweltih of Yeartq Pn�mium i�IImente far trazard insuraaee.PIus one-twelfih of yearly Premium � -
<br /> ; PertY.' �Y,p b
<br /> : �;.`�.s .�.. InstaIImenu fos mortgage ia4uta�ace,if aag.aII as teasaaeblq estfimat�d initiath►and frow time to tune by I.endcr on the �`;; "
<br /> .. .�i":. ' 6asts of assessmeata and b�is and reasonable estimates thereo� 8orrawer shaU aot be obli�ated to mage such payments -
<br /> �`.;'. , ,:' �,�5 tA Ixader to the eateni t�at Bormwer mnItes sucd�paymenta to the hotder of a prior martgdge or deea of tn�st
<br /> .��5��;�,.�.. � _�r �_`:.__�-
<br /> � : ; if�sunh�hofder is aa ia�titutsnnal tenster.
<br /> ;?�:5-.,•;,::.:.:4 f� . � If 8o�zmver Pays Ftulds to Lender,the Funds.shuU�be heId ia aa inatitution the depasits araamunts oiarfuch
<br /> �: �.°'--
<br /> ;�.:.::. _.,,:, mcli�ding Ireadet if Lender�s sucd�an�a}. lender s�all
<br /> siii ivaumA or guutantee�by a fedeial or state agenc�(' �;.---
<br /> a �s au,d graund rents. Lleuude�mray not c�rg�.fuY so W
<br /> n '� , d? aPPtg the Funds to paysaid ta�,ass��nente,msuraa�e p 6
<br /> , ho2dtng and aPP�&�F��,�Y°IIg�acwunt or verifyiag and camp�ing said aasessments and 6�ls,untess tie�er �,
<br /> �- �• pays Borrower mterest on the Funds and apphc�ble Iaw pemoits Len4er to make sudL a cd�arg� Bnnower and Leudet �.:
<br /> �.:;�;." ' ' _.'' ' �pay agree ia writing at the time of esecation of this Deed of 1'tust that inter�t oa�e�nds sI�all be paid ta Bormwer� E;• ..
<br /> --` � `�-- aad unIe�such agreement is made or apglisable taw recN�es sach interest to be�sid,Iender shaD nnt he�uircA to _
<br /> . �j'��`'�� Pay Borrawer aTry iaterest ar earningg oa the Funds- Le�tder shaII give to Bonower.witlwut cbarg�an annual�0oounting
<br /> � �f�-r.:�''- af the Fundc showmg c�s and debits to the Fands and the purpose fur wluc�s each debix to We Funds was�de. 'l�e
<br /> �":�:�:-...:'; Funds are pledged as additionai secuxity for the suafs secured by this Deed of Trus� .
<br /> . If the amonnt of tlte Funda held hp Lender.mgetherwith the future montbl9 iastaliments of Fuad�gs�abie P�r -
<br /> .<._...i:'__=_;a:�.:;: . ..
<br /> . . ' `7;` tt�.the due dates of tases.as�es�ments;insuraace PTemnans and ground rents.shaD esoeed tise amount req►aie�v�tu t�Y
<br /> +_ � said tase,s,a�escments.insurance Premiums and 8round reats as they fa]I due,such excess s1ial16e,at Borma���s option,
<br /> . ��`,�',-',:' either pmmptIS►repa�d to Eom�wwer or caedited to Bormwer oa montUly iastaltm�ats of Fuads. If the amovat af tHe
<br /> � remiums aad und xents as they fa11
<br /> � ���� .��x?;r�� Fund4 he2d by Leuder shall not 6e suffcient w pay taaes,ass�me�us,ia�s�P m oae or mo�re aya�ats as Lender ::�
<br /> :.__,.,;:,,.:.: :�..:.:,si _ . d�ie.8orrower shaA pay w Lettder a�r amouat necessary ta make up the defidenc.y� . . D . ._
<br /> �� � refiutd to Borrowez a�r
<br /> ' s�;:: �Y�NUpoA�pt in full of all sw�s secured bq this Deed of Trusb Lender shaU promPUY
<br /> '��;:;`' :;'`'k F�md4 held 1fy,Lender. If under paragraph 1T hereof the Property is sold o:the Pro�tg is othetavise acquuiretE�y L�. _
<br /> .� Y . .t�u; *�., �: no tater than�eI9 Psior to the sate of the Fmperey or.�L.s,,�s{o�q,u�,�ss,�itid��.byy���1�et�d�r.su9
<br /> i.'�''li,.,_;f '.�:�}'�,f�� . . iN�+��� � Wil LW�4�'.[i_i.{134
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<br /> '; ��.1....'�'. ,�'�i� held by I�at the tnne of applicatiaid as a�aedit against the avms seaued bl► �����under
<br />;,�r�u';";s.r. �,� r` 3 ficatlon of Paymea4s. �inless applicable!aw pcovIdes othe�sG all P�.. .. -
<br />.Y: y::t'c-,�;;:;,�-�.,�;:, . �P of amounts b2e tce t,ender by _
<br /> ;s�;���;.',�r;;i.,-;,;::.4 ' �'tf"t�Note and paragraphs i ana 2 hereof shaII be applied by Lender fast in pay�t Pa9a -
<br /> j?r'ti,�'�,!:�c,,;t`�:,..:r•� .$�urrowet under parag�aPh 2 hereo�then to interest paqable on the Note.and t�to the princ�pat of t7.re;t�s�te. -
<br /> ,'.�.';. .:�-.;,. ;�:� 4. Prtmr Mortgagges and Dee�s c.�,'!'eus�C�t Ide�e. Bmrrower at�at!perforw all of BormwetPs'+,�TTi�gations
<br /> �. �i�� e,deed of trust or atEi��securiry agreement with a fien whicfi�has priorlty aver ttds Deed of TraSf, ^
<br /> uadet atry mor;gag w�ea due. Bormwer ai�aD pay oT ca�e to be paid aII ta�.assessmeats
<br /> ..- .� � :,'•,� inctuding Bormavet's covenants to make payaaents
<br /> aen
<br /> • . °: ,`i�. and other charges.�mes and hnpositions attn'butable to the Ptoperty a}�icb may attain a prIotity aver this Deed of'IYust, _
<br /> � ` :' and leasehold paya'�enta or�uund rents�if aay. `
<br /> . .� . .�:�� 5. Hazar�Insaraar� Borrower sI�ail keep the impravements nuw e�dsting or hereatter orec�ed on the F�oP�Y --.
<br /> ' � ;`:� insur e d a�sinst l u s g lry 6 r e.1�►�a r d 4 i a c t u d e d w i t h i n the term°estended oovera8e�"and sucb other hmards as Lender may -
<br /> �. : ..i':� require aad t n s u c h aalouats and for such periods as l.ender may requite. �' --
<br /> :' z The insurance catrier pravidiag the insuranae shall be chosea by Bonoarer suDjec't to approval by Lender.
<br /> . �°: '. ..::�.`.. �� ravided,that such appmval s&all not be unreasonablp witbhe2a All insurance Policies aad renea+als thereo�.shaU be in _
<br /> ,:;��``� ' .'.::��� �.��forin aweptable to Lea��t and shaII inc�ude a staadat�aaortgage ctause in favoi uf and in a forn►axepta�;t,a Leadet =_
<br /> ��:°:.;" , �;���'�'' I,e a d e r s h a II h a ve the d g�?�iwld the�oli�ana reneaiats Uterea�subject E�e�terclts of aay mortga�:�ece3 of tn�sE __
<br /> ' � ' �.� or other securlty agreement with a��fiich has priority avet t�s t�e e d o f�Y u st _,
<br /> �•`� ��;.:.
<br /> �,.�.•:.,r.� .r. Ia the event.of to�,Borra�+�s sbaD give prompt notis+�to t:�imsuraaoe c�rrler and Lender. Lende=may make .,i.
<br /> ." � ':��`•�:'1 `i proof of Ioss if wot made prompA9�Bortower. ' . .
<br /> :•,..:`� '.�.`::..'; : If ihe Property is abandc�b9 Bottower,or i�Bortawer fa�to�d to Lendet wiWn 30 daya from the � ____
<br /> '�'; . date aotice is maitted try Leader to �arrower t t i at the insuraace carrier offe►s rr��ettie a claim for insurance benefit�, �---.
<br /> ?. � . m
<br /> �° .�... . ..- ` 1.ender is sut�wr�ed to collect aad a��}r the�asuranse prooee34 at Leade�s optian either to r�estaratioa or repatr of the �.
<br /> ; �$�i�j' 4 . �—
<br /> ;t�f.; Property or to the aurng secured by tk�tieed of Trust.
<br /> � , ,�+ ` �' ; 6. Preservatlon an�D Mat�tscance oi Pruperty�lxase',��s;Ca�adomin[�Pianne�d IIait De�elapments. �:
<br /> .. . . , � Borrower shall keep the Froperiy in gaod repa`u and shaU not wmmit waste or pemrit iaigairmcat or deteriofatioa of �
<br /> `{',�. . . � the Properiy and shaU csa�with the provisions of atry kase if this Deed of TYust is on a leasehold. If this Deed of
<br /> '.,�`. . . ' 7Yust is oa a unit in a as�r�a�tium or a ptaaaed uait developmeat,Borrower shall perform ap of Bortower's obligatioas
<br /> � . '���;��;: j under We declaration or�+cvenants cseaz�sg oa goveraing the aondomiaium ot ptanned unit development,the b}r.laws aad
<br /> :�r���; , -----
<br /> .��:� ;?r,y}��`�.( 4 re8ulations oP tlie condoiainium�r.�vh�+a@�development,and constituent d�ents. k�s_- .
<br /> � � 7. Protection ofl'LenE2�'s.�tity. lf Bonoarer fa�7s to perform the oovt+nants a�d.�greemeats aontaine4 in
<br /> �;_ti;.�;' � `�'�;�i,�:' is wmmenced which materialJ�satYeda Lende�s�terest fa the Property. ►6;?,�.-
<br /> this Deed of Ttust,or�auy actina e=�t'�aeeding .�.
<br /> ., � .. „ then Lender,at l�ende�'��tio;�u►xa notice to Bormwer,may make suc�ag�at�noes.Qisburse sucb auaas,inciudiag� �L,�a-
<br /> . .- .:�;�„�:; ' reasonable attomeys'fees,and take sk-�scaan as is neces�ary to protect Lend�r`'s iaterest. If 1.ender tequlred mortgage ,
<br /> ,,.;;��;';�: insurance as a conditton of making tbs t�an secured Dy iLis Deed oi T�uat,Borrowet shaH pay the pre�niums required � -
<br /> . �:�� t o m a i n t a i n s u c h i a s u r a n c e i n e ffect��sit�4i time as tfle requirement for sucD insurance termiAates in s000rdance with � - --
<br /> � � Borrawer's and Lerider's wriiten a�ceement or applicable 1aw `°��
<br /> �' ' • ' �� h 7,aitb intetest thereon,at the Note rate,shall --.
<br /> :+:. Any amounts disbursed by Lender pursuant to this para&'eP _
<br /> &'
<br /> � 'beoome adAitional indeDtedaes9 of Borrower secured Dy this Deed of Trust. Unt�s Bortower aad Lendsr agree to other ,
<br /> term4 of payment,such amouats shall be payable upon notice from Lender to Borrower requestinng payinent thereof.
<br /> � � Nothing oontsined in this paraBraPh�ahall tecluire Lender to incur aay expense or take eny action henunder.
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<br /> . Pa�s�8 t�2 et B Pagesl
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