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<br />--� � LOAN ID# 016341Q92Z
<br /> ��'�°'<,� <"^ Banower coveaanis that Brnmwer Is LawflillY seisEd of the estaze lu�ehy oomeyed�xt flas the right co
<br /> �":` :' �`�..."`� grant and aanv�}r the PcuFertY.aad that ti�e PrapehJl ls ane�eum6eted, �for eucumbrances of�sd. �
<br /> . Bon+ower wvenants that B�orrower.vuanants and vuill defend geceialty th��e to the PmpeicY agai�sC all claims ��°�
<br />• � � .. ' � and demaa�s subjoct to eIIaimbraase,s of t�aotd. �r,'
<br /> �"°`��:.°�`"� .`` ` UNiFORM COVENE�NTS. BorrowFa and I.�der rovenaat aad agcee as foltows: ,:`s-
<br /> ` �.°� . `'` .•, when due the prIncipal aad intetest �:_-
<br /> �., !.�aymemt oi Peinctgal s�l Intcr�st. Bo�rer shall pmu�ptiY Fa3►
<br /> ti:� indeUt�dness evideured by thx AIote aad tate cl�ges ss Pmv�d�d in ttte Note.
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<br /> .. �: ` Z.mmas�oY Tax�s ana�� �j«x w�x�,�e�aw or a w,�wa�er�r�.Bga+nwer
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<br /> � . •:`�` shall pay to Lender on the day monthiY Fap�en�of P�P�and interest ar+e payabte auder the Note.uatil tbe
<br /> . �,.:;.:.
<br /> .,t�. ,{ •,�� Note�S paid in full,a sum(herein'Fmtds�eqaat to on�melflh of the yea�iY ta�es aad assessments(it�rdudin$ ��.�-.
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<br /> .. ,c _ . � condominium and plaane�unit devetopment a�.��Y)which may attaia prioriry over tfiis Deed of ;,._
<br /> Tmst and gFn�md�ents on the�roperty.if anY.Plus one-tweifth of yeady pseminm�fo:har�rd
<br /> ' ."•��.�=. inswr�ce.DIns mms-ivielRh of yeaziy premium installmenss for murtgage�stuaace.if anyr,all as�nably �_
<br /> ,`�`���';c'�,'`�'`�': esdmaied initlal�y and fsom d4ne w time by Le�on ths basis of a�eWs mmd Mils and r�souable
<br /> . ;;,�`���° • �azes theROf. $o�wer s6aU noi be ob�igated w make sac�payments of Faads w Imder[o che e�aent t�eac --
<br /> . ',.Y��,�. Borrawer makes s�u�paymenLs ta the kolder af a prior mart�e or dee�of uust if snch holder is.aa =-
<br /> • %`.:�'` � .� institutional lender:
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<br /> .. �. �. �, If Horrower paqa Fonds to I.�nder.tY�h�aads abzl�fi�I�td in an�tha dcposits or accoimts of . -
<br /> "' '�`� wJ�da ate insvred or gaaxanteed by a fed�c"�4'+ar state�r(inclBdiaS I.e¢d�if L�nder is swch an instttatio�. .
<br /> _ .:"F� F.�sder sl�all ePPIY the Fnn�zo paq s�d taa�,�.�nce Pmmiams am1 gcaund rents. Le�der
<br /> . � ... � ,,,'` .�€aut c3�arge for so hotdr�.and apPiyinS the Fuwis,analyztng said accopat or vr�fyiag aad comPiting said _
<br /> �--�•4�.:..M�i_ . .. _ -
<br /> ... . �ass�sments aad bi1ls.imtess i�nder Fays:�orrawer intesest on tfle Foads and appkcable lap�pera�its,Leader to .
<br /> .. �`r-� . make sac�►a.d�e. $o�mwet and I.eAd�maY agre�ia writing ai tt�tim�of executton of this DeEd of 7kust •
<br /> . : ``� �that iate�e.st q�s ie'h�Fnnds sbail be paid to t�riower,and unless suc��em�t is made oz appl�+cable taw � �
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<br /> . � �.:�..� requtres surd��resi W be paid,Le�der �'s:.�ll not 6e zeqnined w pay�vrcaaer.any 3nterest or eamings on the .
<br /> ��.:r� ,` ,. � F�utds. Lender shall give w Bo:rower.withaui c�rge.�aanual accotmdng of the Funds showing credita�il .
<br /> '.�.'`� ��' . debits to the Fr.aads aad ttce pmpose for which eads d�.co tI�e Fuqds was made. 'iLe F�mda�ptedge�as
<br /> �� addit�onal se�'sty fot the sums s�fr�this De�d of Tmst: " . .
<br />- .. � �:��I�,, � � If the��of the Fa�Ws held 6g F.r�des,wgettiec wIth the fcarri�.mamhly instaltmea�ts of Funds payabte�
<br /> " ''t+ � t�ents.aball e�d the atnouat , .
<br /> : prtor w the dae dates of t�ses,.asse�+3��P����� �� , . -
<br /> ,';s . :��to pay���;;�yq���aa pram�wms aud gmuad��as�y faU dne.s�t excess sh�pf.�;, .
<br /> ,;`�'� _ � �:,��e,�a,t,�B,ormwer's optian.L�� r pmmptly repaid m Banower or�,.Sto��r�au monthly instalim� ,:
<br /> .-.'�.. �. .:i__ -_ : �����• ��YN AfTiflllilf Oi�.°FIQIQ3 I'L�a IIy ISIIaCr�AQL UC�FS�"���•'SR SSS_ ._, °YLSs . .' , __
<br /> � . insumnoe p�s and gman�reats as they faU due.Bosmwer s�;�ay�w•Le�F�c�GY��Y L° . ', ��` . .
<br /> ... �. .- . . aage up the deficIency in oue or more paYments as taader may re�: ' �,,, . . ,• . _
<br /> �.. . � ��; �tpon paynnem in full of aU sums secured 6y dds Deed of Tzust.Lender s1s��tsromPtlY re�w Bortowrz- . ' '
<br /> -- � � ..- .''_'.a�►y F1mds hetd by Leader. If aader p�agaph 17�eteof the Pioperty is sold or the Pmperry Is c�the�vlse _
<br /> ' .� .. .. acq�ired by I�ender,Leader ebaU apptY.no late�r thaa immediatelq prtor w the sate of the Property or its .
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<br /> , : . �acquisidoa by Lender.amy Fuads held by Lender at the time of applica8oa as a credit agatast the snms secured _
<br /> by thii Beed of Tmst. �n,ed b txnder
<br /> � .:.� `.� � . 3.Appiisailon of�wts. Unless appllcable law prouides otherv�Ise,ali Paynients Y
<br /> � � '. .�•.�,,. �,.�_ aader t�e Note aad pata�l'�s 1 and 2 he�eaf ahaU be applled by I.ender fust iu payment of a�uounta payab2e ta
<br /> Ixnder by Bv�owe�r undetgaiagapL 2 henof.then w iuterest payabie on the Note�and then to tLe grincipal of
<br /> the Nute. ' , ; .
<br />-� �� ..:.,..�'�": 4.Aries LYiortgages en�Dee�s of'�sl,Ct�arges;�.i�. Es�tt�wer shatl perform all art'lS�rrower's .
<br /> _. . �..
<br /> 4 � obligadons uader arry mortgage,deed of tiust or other secariity agee�aent with a tien wLicb Bas prtorltyover .
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<br /> �...��.��_��..:�:� ' ..;�:' � this�of Tzust.including Borrower's coveaaata t�e mahee�ayments when due. Bomower shaU pay or cazrse
<br /> -to be paid•all taxes.ass�smeats aad other cbarges,�s and impositEons auributabte ta the Pra�ert}►wbicb.t��: =
<br /> � � . ��� ,�'� ' .��', .
<br /> �`. ::.�.� � ' attaia a priority over tlds Deod o!Tn�st,aad teasehold paymatta a��C+a�md rents.if aay:
<br /> . �'�. . �`. . 5.Ns�zaN Insarmzca. Boriower shaU�eeP the imPmvem�r�v�v enisting or hereatter ere�ted on the . . -
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<br /> � property iasured against lo�s by'flre.hazazda includa�within tae tt�'exteaded coverage.'and su¢h other �,
<br /> GaTatds as.Lender may►�nire and€n such amouats and for sacA periods as Lc�rtit�maY�N�• .
<br /> `� � . 7he insaranoe carri�r pmvldiag the insnrance sball be chosen by Borrower sa�6ject to appmval by Lender; �....
<br /> �.,,.,;. � �;r. � � yimvidod.tIIat such approval shaU aot be�uaseasonabty withheld. A113�,surence Qolici�and rettevlaIs tflereoY
<br /> � ,' . . . sHall be tn a fv:m aooeptabls w Lender anb al�aU�nclude a standard mort8age ctau4e in favor of aud in a form
<br /> ,:.:�::�:� � . -
<br /> � :•A.� aooepteble to Leader. E.�er sLall have the right to hold the po1ictes aad�enewais thereof.subjea to the tezma.` e=_
<br /> '�'�'� �� oY any ntortgage.deed.a�uust ar other securiry agceement wItb a lien wblcd�bas prtortty over tbis Deed of 6�.,
<br /> -_°':;,'.�--.:.- �:� �
<br /> . '1'tust. ���
<br /> In tfto eveat of loss.Borrower shall give ptompt notice to the lasurance canter and I�tder. Leader may �;�
<br /> �'�. ' ... . . . �_
<br /> make pmof oY loss if not made pmmptlY bY Borrower. =:-
<br /> �-`='=L_�-.-..--�'- if the PraFertY is a6audoned bY Borrower.or if Bonower fails to resDond co I�nder within 30 daya fram =
<br /> � ',_�': -- . , , the date nodre is mailed by Lender to Boirower that the insurance carrler offers to settte a elaim for Qasuraace . �=
<br /> � ' •. � . 6eaeSts.Lender.is autttori�eQ to aollect�d appty the insurance praceeds at l.eader's optton either to restoradon �-
<br /> — .. ,,. .�. o:repair of ttte Anpeny or to the sums socured by thia Dced of Tn�s� �
<br /> 6.Pteservatdon aad Mafateannce of Pe+operiY:L�seho2�s;Co�domtniu�ns:�Uatt �:
<br />��.'.� . �� �`;..: .�� Davelopmeats. Bomnwer aball keep the Propert�►in gaod iepair aad shaU aot comm�t waste or permit �
<br />�' .. [nitials: S� �
<br /> � 1�221fi6•16041996 . Fage!0!9 � Aec YrcD R�.Iac. .
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