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<br /> '� � . • Ii Borcower pays Fhnds on Leader.t1�e l�mds shalt�e dctd in an IosdwSon [he deposits or eccaunts of cvhI��are#�sared
<br /> ,�.�. ��. � ��,
<br />._ . ��S.<. o=guaranue� �3+v fedetal or stasa agency(insladlag�.e�er if l�a�er is auh an�nsrio�daa). LeaaIec shalt eppSy the F:inds to .�,ti ;:
<br /> - • g�yr ea�d mxes.asse�enta iasurance preaiums aad grm�d cents.Ir�der maY uot ctiar8e tor so dott�ing an0 a�ptyiag tl��uads.�
<br /> '. �: �.�z, anatystng saId accauat or verlfyin�nnA compilin$eaId assessments aad�Uis.uNess Lender pays Sormwer �a[erest oo the Fvnds � � .
<br /> • . � ` and aPPlica�le law pera�its l,aeader to ma�te sucd a charge.Bm�rorrer an0 lxudes tuay a8rea 1n writing at tIle cIme of e$ec�u[on � �:.".�'
<br /> � `����`�.'�` of tWs Deed of Tmst tLat interest oa t6e!��s6all Qe p�id to Bosrasrer.and ut�2ess such agreemem ia maAe ar apglicaMt taw rn :,, ,,
<br /> • ``�'`�,� cequires�:.Q iaterest.to bs paid.Leader sLaU aot be aequire3 to Qaq Borcoarer a�►i�erest or earafaga on the F�v. Lender �
<br /> � sLaU g�ve w Bozmwer.adthont cAarge,aa�nnual accowmng of the Fuadg stw�og c�and it��tts to the F►lnd9 aad the ::�:•F.,:
<br /> ' ...'`4 pwgase for wbich each deDit m tDe Fuads aas mzde.lhe Ptrmis sse pi�dg�d as addidoual s�sitS►fot t�e sums seaued by tALs �
<br /> .�:'.`��'ti..;:� Qe�afTtast.
<br /> ast
<br /> ;_.'_''�_����_ If the amount of che Fuads hetd Dy Leader.together �vith the fi�are aioatWY instaUmeats of Fuads payable prior ta Ws dae L�
<br /> °�� Qates oftaxes.as�mems,ins�ma�e Piemiums aadSrovnd ren�s,st�alleace+edthe�s�r�ta paysaidt�aes,a�ems.'� ��-
<br /> ` • iaso�ce premiu�s aad gromid rent�as they fall dne.sitch excess shail 6e.ai Bouuwet's opdoa.either pramptIy repaid w � `
<br /> • st
<br /> �. .:y�:� 8orrower or cred'ited to Bonawer on moathty iaaaliments of�ads,tf We amouat of the Fw�ds Qeld by l.end�r ahall not he `k;'�.:�
<br /> _ , suf&cieat to pay�aes.assessmet�s. insnrauee p:emiums aad gmund�ab as they fall due.Bo�rower shall Qay tn lxudcr anY�
<br /> . ,',::��' ammmt ueces�azyr to make up the deHcteacy Ia or►�or more payments as L e a der may require. ,.�.�c;�.
<br /> � ''�r� iTpoa pay�°nt in fnil of all sums secured Ay t�Ls Deed of Ttust.s.ender sbali�om?uy cefluW to Borrower mry Flmds hetd� _
<br /> `.�'','�`�,,`�_.' Dy Lender.tf.nnQer patagtapD 19 4ereof the Pr�pe�ty is sold�r the Property isotturavi�acquired b3►Lender.Lead�r sbaU app1Y.� c _;-:
<br />- '.t;,,: �x:,; ` no laur tt�immeQlateh►P�ior w the sate of the PmpertY arits acquisiHan bYY��•�Y F��d3►Leader�at the dme of� ,.
<br /> a
<br /> _ .. � appl�Cadon as a c�edi�.Sgaiast tae sums secuied dy this Deed of TnuL ' � , �S==
<br /> ': - . 3.Appttc�tatt��ym�s. Unless appficable law pmvtdes at8erwise,a11 paymeats ceceivedby teader�der the i�tou and .-
<br /> . :. , , � paragraphs 1 euul�Iiereof sbaII be applied hy I�nder&cst in paymeat of amouats gayabte tn Lender by Borrovrer�mder paragraph :
<br /> °. �•��, � 2 hereof,then tn i�terest payable on the Note,aad then to tLe priaclpal af the Note. � '^<f.:
<br /> ` �:4.` 4. FMos Mortg�essm�I�eds oilYasq C�rges;3dEns. Borrower sball perfu:m alf of Borrawer's obligatimns auder any •�'.,-.;
<br /> ',-, per
<br />-. .:, a. � `, ; °�`;' mortgage.deed of m�k Qr othsr secutit7l agceeme�with a lieu ahich�as a priority over ti�s Deed of'lYus�.inciuding Bm[mwer's ��°'�ss:
<br />.... � . Y,.,.. ��'�J''i�.
<br /> . covenantr to raake paYateats wbea�e.Bozrowec sAaU pay or canse w be paid all taxea.a�ems.aad other chaFges.fiaes ; �:
<br /> ��'�%�� •' and imposnions att�ntable tA�tlie.'Froperty tvAicb may at�n a priority aver ttus DeeA af'1'nut, and teasehotd papmems os . �z.
<br /> /s�e, � 1, c
<br /> :..�;s�= ' Si�Ot1IId[CDID.if 2Dy.
<br /> ��` '� S. �a�rd/�ce. fdo�sbaA toeep�e impmvement4 now e�sting or he�eafter,erected aa�e Ptogecry i�ored •4
<br /> :' �,•� against tos�by fue.haiatids tactuded widun d►e temi•'extended coverage.'and such mDer 6azarda as I.eader may�equire and in .
<br /> �;:' sacb aatownis and far suc6 periods as Leader may ceqnita._ ... . ;
<br /> ' � 'i�fnsnraaee car�erpravidingthe iasnraace ahaUbs sLos�n.is3►Boscow$r subject w approval bqLender,pravided.tbat suc��
<br /> su
<br /> � , � � ` � approval sh�lt nnt Ite usueasonabty-:withheld.All iasnrance pnlfr�s aud reneiQals thsteof shall be in a faTm acceprab�e m Ixn4er' � --
<br /> a n�s h a l l i n c l u d e s�a¢d a c d m o s�c l a u�e I n f a v o r o f a a d I n.s�n a c ce ptabte m Lender.I.ender sAall Lave�s ri g ht m 6otd �..:_._
<br /> � '•_,�' me policfes aa�re��5 c�ereof,s�ject to the tt�d�aayu�i�age,deed of uust or ot�er secutity a�ceemem wiih a l�ea wMch -�+'-°
<br /> �:S ,�'�; :`� IIas yrforitq over Wis:-l�,af 9Yusz. . � � �--
<br /> .���,� In the evesn of I�:QurrflwEx�all give prnmpt aotiee ao tAe insvraace caiaiEr aad Lender.Le�der caay mak�p4c►of of ioss -
<br /> �y� {a �� iYIIOi m3de P��PU7►bY�oIIOW�. ' _-
<br /> '...`��,��e°:_;: � if the PtopestY is abaado�d �+}Borrower,or i�Eorrower fa�s to cespond m t�:nder Rithin 30 days frow tbe date nm'se is =_
<br />_- _- .._ •_.�'._:- , maited by LeaGer ta Borrawer d�at Qie insaraace caztter offers w setde a ciaim for�benefits.Lendet is eu�hariaed w �s--.
<br /> .. , - , , colte�t aad appty the i�ansc proceeds.at L�eude�`s opaon.either ur restrnadon or repair of the Froperty or ta tae sums secvred ,-
<br /> Dy this DecA of 7�ast ;''''- --
<br /> 6. P�eservattfln�nd Matnienaaee of�iroperty:Les�s�holds;Condo�inioms;Planned Unit Devetopmen4s. Bor�rower sbali . •` r� __,
<br /> , . . �'.��.`' keep 8ie Property in good repair and shaU not cammit waste or permlt iatpairment or detedotatioa of the Progerty �md�.shall G�"�`
<br /> ` • .• �`: compSy arItb the provislons of aay teaas if ttus Qeed oYTmst ison a leaseholQ Itthis Qeed oY Tl�ust isoa a unk in a wna��:-,,;u;n • �:-::
<br /> , .. �, or a plaaned unic d°se�,,amem.Sosrower st�aall perforut aU of Barmwer's ubligaaons tmder�he declacatlon ar wvenants creadng .;;.;:; �--
<br /> ' � `: o.+^ri►�:nnfm or IaaaeO unit deve2 mea1. Ste by-taws aad reguladons of the condo� oY plaaatd uuit
<br /> . � or gaverning the�....` P aP ��,. :•._
<br /> , . : � ��'; ' devetapmeni.and constituent dacuments. ��• ' ' � -
<br /> :%.-..� .�.' '. .
<br /> • �. ,"'v�, . ;.;' ' �'. L�+atection olL�ader's Sea�uf29. It Earrower faits w perfoma the covenants and agcexmentv coataiaed in this.�oY v
<br /> .h �,,� _ tb . . __ ,
<br /> '';�;��:,r�<'�''r•?`•,`:,; Tcust,u�r if aay asdon ar i�commenced cvbteb mat�r^�:Iy affeqs Leuder's Ia�rest in the Ptopeny.thea�eF.at = -
<br /> . �'"'' .:...E: praceedi�g�is '•Iy e _
<br /> . .. . ; I.ende��bpdon,upna,aodce to Bosrowez.maY make ausb appeaiances,disburse sucti suma.iactudis�g reasonable atmmey's fees� _
<br /> :"•��,,; aad take sucD actioa as is necessary w pmuct Lecder's Inrere.ct.If.Lender reqa.ired mnrtgaSe�nsurance as a conditlo�r of making �,..
<br /> � . . . ::.:` . . me ta��secuTed by t'�is Deed of Trust.Bo:rower s9aii.pay the�tx�:'r.l^.s raQnira3 w maintaiA such+++��•ance in effeet unW sucb � � �.:�'-
<br /> � . :�.� tl�pe astitYi requiremept far such ins.uance termmate�iraaccor����urc�.-�'e sad Lender's wriuea agreement or appUcable �'� �:;;_
<br /> `,:�; • �. . ; ,a�
<br /> . , Any aawunLa disb�used Ey Lender pmsuaaa ao tLis paragraph �,`risy t�terest thereon, at the Mate rate. s6all become ,-=;_.
<br /> ^ •,...:.. �. .. .'';�, . additional indeDtedaesl of Bonowes secured by tL4s Deed ofTn�st.UNess�orroarer and Lender agree to ox�er terms oY payme�, I �,:_:_-
<br /> , such amonms shall be payable upoa aotice from Leade: to Borrower requesting Qaymeat thereof. No�ing contained in tLis
<br />- '., �,� ..::. :.� paragaph 7 sba11 requlre Lender to incuc an}r expease or mke aay acdon hereunder. ' � <�,
<br /> . .�� S. I a q p e t H o n. L e n Q e r.m a y m a k e o r c a u s e t o b e m a d e r e a s o n a b t e e n u I e s u y o a a a d i n s q e c t�o n s o f t h e P t o p e t t g.�e�v i d e d �- `�
<br /> . that Leader give Bonovrer aatic��ior to aay sush insgecfloa specifjrtng reasona6le cause�srefor related to l.endcr's i�terest
<br /> � '. � . � Ia the Property.
<br /> . , : : .;; 9 Coadsm� 'fUe praceeds of aay eward or claim far dam2ges.direct or consequeatial. ua connecdon witb auy . _ �';:
<br /> ' • . ,-.��_� coaQemnauon or ot"�r taking of die Property,or part tlteroof, or for comreyance ln lieu of condemeation, are hereby asgigned
<br /> ., ,'. . �, aa4 sha116e paid to 18ndor.su6�ect oo the tercas of suy mnrt�e.deed of tr�st or o�er s�curlry agreemenz wi1tD a tieit aAtch
<br /> • �as prtority over this Deed of Trost.
<br />: . ,. . :�� � 20. Boreo�verAio!Reieaied;Fortiear�ce By Lender Not a Waiver. Eatea.sion of�he time for Qayment ar modificatIon ot
<br /> amortizarioa of.tae sums seeured by this Oeed oY Tsust granted by Lender co any successor in iuterest of Borrower shall aot
<br /> .. : operate W release.In arry marmer, tl�e lisbility of the original Boaower and Boaower's successors in interes�Lender shalt noi
<br /> � � � , be cequired to commeaee p:oceediugs agaiast such saccessor or refuse m extead ti�e far payment or othecwise modify .
<br /> � ' : ' aatortEaadon of the suws securea by this Deed of Ttusf by reason of any demaad made by the otiginal$otrower and Baerovrer's
<br /> . r�,• ;,.: • successors in interest.My forbearaace by Leoder ia exercis3agany r�ght or remedy Lereunder.or othervrise afforQed by agplicable
<br />"- law.s�all aot be a waiver of ur preclude the exercise of airy such right or remedy.
<br /> `_.il e��� -suoao n�n�o•trecr•c��a►�t�ir.BSae ��a�e �`
<br /> . � • (p�ge 2 of 4) �1 � .
<br /> . � fDS.t�. Bo�rrowet's Initlab lr� .
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