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<br /> `�{�".�'. `"' �7�• iV41�`1 201038 06/16/1997
<br /> .. JOHti L rRERICHB
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<br />.:��=y.,;�;� UNIFORM CoYBNANTS. �Atmwsr tnd Leuder CovCtunt and�[ee�followi: _
<br /> -� 1. P�ym�nt ot Pri�klpal anA Iatarat. Aormwer �ull prom(�dY MY wben due the pdnci�l �nd intercst
<br /> r indebtodoess evidencod by tho Note xnd lncn ch�uses�provtded in et�Note. E�-
<br /> �'� 2.F�neh for Tiuces and Iawran�e, Subject to�ile�ble law or R wdtten w�iver by Lender,Borrower stull pay to -�,-
<br /> ,: v.
<br /> �;. , I,ender on the dsy mcmthly pAymcnu af prineipxl ancl interest ue Wy�ble under the Ncxe.undl ttx Nota is paid in full, a -
<br /> sum(herein 'Funds")oqu�l m one-twelRh af the yeuly wcea�ud usessmnte(iucludiug condominium ud pyaa�;d unit N
<br /> � developmeqt assessoneat�. if atty) whir�m*y tttdn pdodty over tlils Deal of Ttust. atd�round nnta oa tbe Praperty, if
<br /> Y _3 any.Plus one-twelRh af yculy prr�mittm intt�dllments for tuurd insunnce.plus on-twelRh of ywirly precaiwm in4Wlments ---
<br /> for mort��c insutiu�ce, if ury, all ss r�.asotubly esduxted initially and &om un� to tirne by Lendcr on the b�is of �—
<br /> ;ye� usessmeata tnd b1Us u�d r�ont�+la c^atimatea thereof. Borrowtr sdall aat be o611Qattd to m�lce such p�ymen�s of Funds ---
<br />• - to L.ender to the oxtant th�t Borrowrt m�es svch paYmenu+to tbe hold�r of a prior mnrt�+�e or dad of aust if�cch holder __
<br /> ts an instihtdacal leadat.
<br /> � � If Barrower pays Fundt� co L.ender,tt�e Funds sh�ll be held in au insdtution thc deposits or accounts of wtuch wm
<br /> ` incurod or guaranteed 6y�Fo�tral or sute �ency (includln8 Lentkr if Leuder is such on iasdtudon). Le�er s6aU Apply
<br /> thee Fuads to pny said axas,asssssments,insurance pnmtums and gronnd nnte. Leadcr m�►y aa chuge for so holdlu�anct
<br /> applyiva the Fwida, �►nxly�.tt$said accauu or verifyln,�ud compilin� s�id assessments and biUs. wiless l.ender pays
<br /> Borrower intarest on thn Fuudm u�d�pplkable taw permit�Lender to m�lce such a chu�e.Borrowa�nd Lcader tnsy s8�
<br /> uu
<br /> in wridng at tho dtae of exoeutinn of thi�Deed of Tcust that inurest on thc Funds sU�11 be ptid to Bomow�r,and unl�ss
<br />:`--��;v:+�;�� such a�roement is m�do ar�1itr�,bin llt�ww=a9uires such int�nst ta be prdd.Lender s�ll not be required to pty Borrower
<br /> -����:�y'` �ny interest or amings on ttto Fnndc.. I.�ncler s6aU�ive to Hore�ower.without char�e.tn annual accouattIIB of the Funds
<br /> ��.r:`��: showing crodits aad dr.bitr ta d�� F�t�nd tLe putnose for which e�ch debit ro the Funds was made. T6e Fuads an -
<br /> "��s�;,��' pledgod ss addidonal socuriry far tbe su�secnred by t6is Deed af Tnuc.
<br /> _:}w��!�_
<br /> -: If tLo amount of tba Fuc�dc hrid by L.eader,together with the tbwre moat�ly i�qtllmente of Fw�ds payablc p ar ta
<br />-:.:,�.:,�-��.� the due ducs of quces. �neats,insur�nce pr�miums wd ground rents.shall excad the�nount nqui�d to p�y sald
<br /> �'�,'� �axes, assessa►rnt�, insuriuroe pr�mium+�nd grauxl re�s as tbey fall due, svch excess shill be, u Horrower's option�.
<br /> � .,�s either protrq�tly mp�id tn Bonro�NCt or c[alited to Bo�rowec on monthly insqllments of Funds. If the�mouut uf tLe Futxls
<br /> �`�`�", Ixld by Lendcr sh�ll,wc be suf�s�iem a MY �es,�ssessmonts. las�uance pr�mivaos�ud ground rents as they fiU due,
<br /> " Borrower stu�l pt�y ta Lendcr anp auxxwt �cessarY to mske up tLe deficiency in one or more paymr�s as Lender may
<br />_:;�1��
<br /> � requirc.
<br /> -=� �__: Upan pay�aaextt in futl of�ll sums sxund by this Deed of Tcust.Leader shaU promptlY refund w Borrower any Funds
<br /> �, �'� h 17 he�eof tLe Property is sald or the I'mpertY is othecwise acquired by Lender.Leuckr -
<br /> �- htld by Lendes. If widar prraSt�P �. � or iw aoquisition by I.e�er.�nY Fuods lkld by
<br /> _ =;� sbatj,�1y.uu it��;th�I�...a�ti prfar so s2K.._!a of.ht!'roF!°*!Y -- ,
<br /> _:=:�'1�. I.endtr�t the time of�pplicuion as t ccedtt�aiast the sua�s secund by this Doed of Ttust.
<br /> _--=-�.�� 3.A�iun of R�aneats. Unless�pplIcable law pmvides o�henivise, +�t W►Yments receivod by Lender umer tJ�e
<br /> ---�- Nau iwd para�hc 1 aad 2 he�+aof stull be�pplted by I.ender first nm payment of amounts p�Yable w Lender by Bocrower
<br /> -�-,� ui�der p�urt�rapl�2 btxauf�th�a ro interat psyable on tho Note.�nd then to the prixip�l of tho Note.
<br /> ____ - 4. Peinr Mart���nd Dads d Teu�ti Clrrfe�: Ileo�. Borrowet s�U petfocm all of Bottower's aholl�dons
<br /> - uudGr wp mort�� dad of tnut or othcr s�ceu:ity a�cament with a lien wLich W�s pdodty over this Dad of Tn�st,
<br /> --- includit�Huna�rec�8 COVCAiatB[O nliYC pi}�OOfS W�ICII dUG.Bocrower st�,il1 PaY or cause to be pnid all pu�es,�ssaamente
<br /> --= ud other c#►��es, fiaes aod impoddom�ttaibuuble to the Pmpe�tY which msy uain a priorlty over this Dcod of Tnut.
<br /> --_- �ad ler�kl psyments or ground reata�If�ay.
<br /> -- S. ��n�ana. gonower s2n11 keep thc impmvements now existin� or herafter erectod on the Pmperty
<br /> iusurod yaivst loss by fue.huirda includod within the tezm"eatendod covera�e'. aa�d such other harards as Lcnder miy
<br /> raquim a�im such amouats and for such pedods as Lender m�y requic�e.
<br /> The iosuraaa curlec providiu� t6e i�wr�e chall be eLosan by Bocrower subjoct so�pprov�l by Leadecc provtded�
<br /> _ d�t such aippmval shall nat be uucrs9unably withheld. All i�nce poUcles md teaew�ls the[eof sh�ll be in a form
<br /> aucept�ble w Lende:�nd e2iall in�cludo i staodud mort��e ciause in hvor of a�ia t foim axepaible to Lendar. I�ender
<br /> shill trsve tLe d�ht to hold the pollcia md reaewals thenof,subject ro the t�rn�c of oay mort�e.dad af avst or otlur
<br /> --- -.°.-.._ securlty aaroemeat with R lien wbich lns priority over tbis Dad of 3'iust.
<br /> _ -----�-� In the eveat of loas,Borrower s�ll glve prompt notice w the Iawrance canler ind Lender. Lender msy m�ire pmof
<br /> of loss if not m�dc pcomptlY bY Bomower.
<br /> - If tt�e Propetty is alstndoaed by Bortower, or if Borrower fWs to r�o�so Lender withia 30 days fcom tLe d�te
<br /> notice is mWod by I.eackc to Sorrovrer t�t the iaauance curier ofhrs to settle a cLim for inwiance benefits. Leader is
<br /> awthorlud to callect�nd�pply the inainuoce proceeds u Lender's option either to restoradon or rep�ir of the Propecty or
<br /> - to the sums securod by this Deed of T�uu. -
<br /> f. Pt�natinn aa� Maideoauoe o[ Aro�ert7i La�e�oid�i Coadomideamr Pl�med Udt De�dopma�.
<br /> gnrroy�er shall keep the Pcopecty ia �ood mpair and stn11 na commit wute or perinit imp�drment or deterionuion of tLe
<br /> - propecty and stalt comply with the pmvisioas of iny lesse if this Dad of Tnut is on a le�sehold.If tWs Dad of Tn�st is
<br /> on a unit in s condomtnium or a planntd unic ckvelopmcnt�Bozrower sha11 Perform a11 of Bomower's obligstfons under the
<br /> - _- � decluuion or covea�ats craittuu�or�ovrrniqg the condominium�r pl�aned udt dcvelopment.d�e by-laws and re�tiltdons
<br /> _ --.��- of the condominium or plmned unit ckvelapnnnt,�nd co�dtuem documents.
<br /> �_���� 7. Protectlon o[Iaoder'e Securk�.If Bozrowrr�tils to porform the coven�ats and�neemems cont�inod in this
<br /> -=�:�'��� Dad of Tn�st.or if my�cdon or proc�edina is wm�rnced which muerWly a�ects Lender's interest in tve PropercY•�°
<br /> �=-�'�y�
<br /> -,��:�� I.ender. at Lender's option, upon notia to Bo�cower. miy wate s�ch apparance.s. disburse such sum�. iucluding
<br /> -�'�! rasonsble attomeys' fas. and t�Jce such icdoa�s is aecessuy cm protxt Le�er's interest. If Lender requlred murtW�e
<br /> _.�_- _�_.._ _.L_ .:.,..�...
<br /> ---`�=�--:..�•� in5ucauce as a condidon of mvcin� the!an secured oy rais�eod oi i rusi, �,��...��.�.v•••.:•.� .;^�:....-.r
<br />-.'."�`� m�inqin sach iasunnce in effat udll such dme�s the cap�iremene for such iasur�nce teiminates tn accord�nce with
<br /> =:� � � Bonower's a�Lender's wrItten igramera or applicable law. _
<br /> �+;�'.��� Any�mouuts dlsbursed by Lender pursuint ro this pan�apt►7,with intenst therton.u tLe Note rau�sh�ll become -
<br /> °`:;:�:,an additioati indebtedoess of Boreower secuied by this Deed of Tnut.Unless Bamo�ver nnd Lender agne to other terms of _
<br /> ::�•'�.,.., . le n notice fmm Lenler to Borrower �equ�sdn8 WYment thereof. Nothing
<br /> �s;�,�':.�, , paymeat� suclx annunts s�ll be P=Y+� �
<br /> :� . :„. contiined in t6is pu�gra�a 7 shall nquin Lendar to incur any oapeme or take any scdon hereunder.
<br /> �.,�' •,.•� '� S. Intpxtba. L.e�er may m�ke or c�use to be mide reasonable entries �a[e�souabl�e causo thenfor rcla�ed to
<br /> ,�'".`. .i:�-�: � provided tl�t Le�xkr stWl Qive Borrower mric�prior to aay such inspection spxifyinQ
<br /> - "' '' Leuder's intetest in the Property.
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<br /> Neen�t,2aa7�-3 ttrea Oriqicul(it�cord�d) Copy(nraach) Copy(C��toa�r) VaQe2ors
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