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<br /> ' • ��NMMi1f�1'b�nl�M�A��?�Kw'.rr..A•1� . ���Y .'.�.,'T�.:?.3"_:. . t=���____ —
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<br /> "� =`i�`�r,��� A 'a 1010�8 06/09/1997
<br /> _-;:"-�t�`.:;&,-i,qi� MARK 15AR(iENT 9'?a '�,Q�3�i,�
<br />':-�w��'•;' � U�NIAORM COVBNANI'9. Borrower uid GeACi�r c.�►ven�nt iwd�ra�a follaws:
<br /> � 1. P��rtnent of Prl�iclp�l �nd Inta�eM. Boaower slull peomptly p�y whon due the princlp�l u�d interest �
<br /> � � . �,� ' i�lebtednrsis evidenced by tUe Note and IAte at�r�e9�provided in th�Nnte. G�'"
<br /> � •,;� �. �u�dr tor Tiuca and lnsuruke. Subject t�xppllcable l�tw oe n wrclttan waiver by Lender.Borrower stwll psy to k_,::-.
<br /> _ .. ° l,ender on the day u�onthlY WY�nte of pdncfp�l�nd interest�rc piYsble unclerthe Nots.until thc Note is paid in fup,a ��
<br /> sum(bereiu "Fw�da") eqw�1 to une-twelfth of the ywrly tanes wd�sescments (Including condaau�ilum wd plAnned unit �; ,
<br /> -° .� ��� development�aeesamena, if wy) whicli�oaay uain priority�ver thie Dood of'Tcust.u�d�cound r�nta on tLe Property, if
<br /> � ame
<br /> any,plus one-twelfih of yr,arly pnmium inst�llments for harard tnsurance. Pius orc-twelftl�of yttrly preailwn iacallments � .`
<br /> far roonQ�e ittsunoce, if�ny, all � re�aorubly estlmattd iuidally tnd fruun dia�e co da�. bY Ltader on thc b!.ais of �_
<br /> :•,���� assessmenta uid billt aad re�son�ble esdmntes tlunof. Borrower shall aot be oblfQated to mahe such p�Ymeats of Funds
<br /> to l.�ader ro the eatent thu Borro�ver makes such PiYmente to the holder of�prior mort�yte or dee�l of uust if such holder _
<br />``.`� is�n iasdtudon�l lend�r. �
<br /> =��' If Bocrower p�ys Fw�ds to Leuder. the Funds stn11 6e held ia ta insdtudon tLe deposits or accounts of which are
<br /> ,� � insured or guxrentad by�Faleral or state a�ency(incluilin�Lender if L.ender is such Aa tnstitudoa). Lender st�ll app1y _
<br /> , „ the Fuads ta pty stid tues.��c,,,�nts.la5vtwce Pnmiums and Qcound rents.Lende[m�y not chu�e for so holdin��ud
<br /> _. .` , Y aPP1Y�n� the Funds� an�lYz� said �ccount or v�rlfyin� aad compiliag stid t�essme�ts and bilis, ualess Lencler pays
<br /> ' � Borcower interest on the Funds and�pplicable lsw permits I.aader to auke s�cL�cLu�e.Borrower wd Lender miy agne
<br /> �� in wridn�at the dme of exxudoa of this Dad of Ttust thu interest on tlu Fums shW be Pald to Bo�w�r� ���i
<br /> . ,=^�.
<br />-�..-��:Y:��;� . such a�rament is msde or�pplicable law requires such intenst to be ptid,Le�r shtll mt be required�Mf tl�e Funds
<br /> 'E-':.�`�° any inurest or exrniWts on the Funds. Leader stnll glve w Borrower,without chtr�e,sn�anwl sccoandn8
<br /> ",�,;.,}�:� stwwin�credits aud debi�to the Funds and the purpase for which ach deblt to the Funds was msde. Tbe Funds ue
<br />- � ��;�, pled�al�.s�ddidonal saurlty for the sums saured by this Deed af Tnut.
<br /> �:�`:a�':`. I�� If tt�e amount of the Funds held by Lender,together wlth the funue monthly iustallmenta of Funds W►Yable prior to
<br /> • the due dates of tues,�ssments� insunnce pnmiwus and gmunci nnts,s�ll exexd the amount ral�ired to pay said
<br />�:-;`�:�''��.' nats�s they fall due, such excess shall 6e.u Borrower's opdon,
<br /> . -R: tues, �ssessments, iawra�e Premiums aod�round
<br />=`��:�j �,. elther pcomptlY rep�id W Borrower or creditod to Bortower on moatWy ia5ttllmears of F�1s. If 1Le amounc of the Fuuds
<br /> ;:.:s.;�;., nmitw�and�mund rents as they fall due.
<br />-- � held by Le�er slull not be sufficient to pay tsxes. ��p•����y ia oue or mon psytnents as Lender may
<br /> �=..:'yj"-' BOT[OVYCf SbiII j)ly t0 I.CDOOL i11y AIIlO�iQt OGCCSSt�Y
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<br /> ..._n��•' ��ppn�y�nt in full of all svms secured by this Deed of Tmst,Le�er st�il promptly refnnd w Bo�rowex wY Funds
<br />-;���';' " 17 hereof tbe Pc�np�nY is sold or the Pmpeny is otherwiso�cqulred bY u�der�Le�ler
<br />-'��;r.-�`t�4,. held by Leider. If under P�B�
<br /> st�ll apply. no iater wan ia�u�ie►y �,:i:,:t� t�:, °.=1s af it�vm�,rtty or Its uauisidoa bY Lender. my Fuads held by
<br /> r��,��.,� Lender u the dcne of�pplicarioa�s s credit igwut the suu�socured by this Dad of T:ust.
<br /> ��:;�?;��;,?; � 3.�pllcatlon of Pa�ts. Un'iess�pplicable lsw provides otbeswlsc.�l po�yments received by Lender under the
<br /> —��:��::' ;: Note�ad M�+B�P� 1�ad 2 hereof s{�all be�ppllod by I.end�r fizst in paymeat of amounte PaYAble w I.e�er by Bonower
<br /> - `�.� under p�riph 2 henof.then w interest Prytble on tbc Note.u�d then W the P�iociP�l im allNof Botrower's�obli�ation�
<br /> n�y���
<br /> -- 4. Prior Mat�+�Deeds of Trusti Gu�c�ai L�• Borrower slull Perfo
<br /> _ :�� under my moct�t�e. dood of uust or other secudtY�cament with a lien whleh 6ss pdority over this Detd of T�vsc,
<br /> —���a iucludin,�Harower's coveaants to m�➢ce payments whea due.Baumwec s�ll pi1 or cause w 6e paid all au�ea.a�s�ments
<br /> -�`•'��� �nd other chu8es� fines and iwpocideas ataibuable to the PropertY which�y ataia a pdority over this Deed of Tcust,
<br /> _c.-.-�� �nd leasehold psyments or 8rauad�s�if�ay.
<br /> ---=-- S. Ha�rd insu�anoe. Bosower s�ll lcap the imPmvements now oxistttng or heceaRer ecocted on stae Piopesty
<br /> r�_ — iusurod a�aiffit loss by fin�6anrds included within the tecm"ractended covenae',md s�ch aher ha�uuls�s�.ender mxy
<br /> _ roqu3ce wd in such amounts wd for such pedods ag Lender miy raiut�e•
<br /> -- TLe iasuram cstcier providin�tt►e in�urance s6�ll be chosea by Bocto�xer subjxt ro appc�av�l by I�eadet;provid�d.
<br /> ----= that such �PProv�l sluDl noc be �nre�ombiy wIthheld. All iagurance policla and renewals tlxreof�hall be in a fnrm
<br /> acapnble to Leafer�nd shtil include x snudard mon�e clause in fivor of�ocl fu�focm�aepnble to Le�der. Leider
<br /> -__ —° shaU 6ave che d�ht co hold the poUcics and cenewa]s thereof�subject to the tams of aay mort�a�e. deed af�rust or other
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