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<br /> . • ' DAVID rLETQ[3R W►N80t�I PENNY 8 IJ1N80ti 9�° �l)a2S�. '''�`:-_ti�,.-.--
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<br /> � UNIP4RM CoVBNAM'�. &►eruwer and�.�nd��awen�M u��t�'0m u follnH�: ,,;;:, -�__
<br /> 1. P�yn+e+it o� Princip�l Rnd Interat, &►rmwer �1u11 pmmptlY �Y ai►en duc the principtl aad iatercst : ��,`.'�:.—
<br /> �� I i�bte�t�t oyidenced by 1ho Ndo antf l�te ch�r�c�t�pmvickd in ihe Nutc.
<br /> � _.FWnA�far Twca�nd Iaurnnoe. Suhk�t w aM+licahle law or e►wr�3tten vv�lver by Lender. Bosmwer�hall p�y to
<br /> Lender an the day rnurnhlY pY�nentr�t P�inci�xl�n�l iMerest uo pY�+b uixter the N�xa, until the N�Ko Is�1d in fi�]I.�
<br /> �I r�vm(bercin"Pund�')eqwl u� ane-twelRh af tho yenrly ta�ca u�d ux�mem�(includiry condomlolue��ntt pl►nnai unit
<br /> J develc�►meat�uments. it�ny)which auy�tt�in pti�dty mer thb Deod ot Tru:t.�f inwnd rceurcmium ro�t�ili eata . • .
<br /> I any,Plus one-twelflh of yearly p[emfam intt�IlmentA far h�nrd(naunuwe,plw ane•twolRh of yaulY p
<br /> for nx►►t��a inwnaxx. if my. Rll a� rauo�ubly estimted initidly r�d Eran time tu tlme by Leader����o�Fw�ds :-�`-
<br /> . as�easmeiMe u�d bills uKi rwcm�ble eatim�tes tbereof. Bormwer�hsll�at be obliptod to an�ke wch P�Y ,.•�,�..�,
<br /> �;,,,�,,,;., ; to Ls�der ta the eatent ttut Bocrnvrer nukis such p�ymeda ta the hnlckr of a priar mnrt�e or dad of mut if such twlder .:�•�-�_-
<br /> . .�, ' is an iastitudan�l lendec. � }�'-
<br /> _ n
<br /> ' if Barrower paY�Pund� ta Lender. the Punda�WII be held In an insdtudon the depo�iu or acccwnts of which ue ,,�;�.,
<br /> �W
<br /> � ias�red ar�uanntoed hy a Pedenl or state+y�ncY(Inclwiin{Leader if Let�der ie wch�n institudon). Lender stuU�pply . ;'.Y
<br /> ' the Funds to pay stid tu�es,uRSessmetMat.insurtnce premiums u�d�mund�nte. Lender m�y twt ctur�e far sa haldln,�and '�:,'..�`
<br /> �m
<br /> �PP�Y��B � Funda. �ly�ln� eaid �ccount ar veriPyin� asid c:omPtNn�said asussmente and biUc, unless Le�er pays .:;�:-.
<br /> Bormwer iatareat on�be Fu�ds�nd applicable lsw permi�Lender to mke such a chu=e. 8armwer w�l,�easder my aBree �':._
<br /> in writta�at the dmo of eaxutiaa�t thia Deed of Tnut thu Intercst on tt�e Rw�ds ehiil bc p�id to Bom.Qxa¢r, airl w�les� ?.��:
<br /> such�cpeat io m�de or tpplicaAlls bw roquirea a�ch inteceat to be p�id.Lender elull nnt be rcyuirod�a p�,1� Bo+rm�'�r „,,:,
<br /> C� any iatereat or wnia�oa tbe Ftinn�. Lender ab�ll�ive to Borrower.without ch�c�e.an�tncwW accauntin�of tAe F1e�s ,,;:'-:
<br /> tor whkd c�ch debit ta the Funds was m�de. 'tUe F1�� ue ;..'��
<br /> sbowin� ciodits �ui1 dtb�is tn i�r i�unds and Ihe puipose ::.
<br /> r, pledged as�dditiood mocwriry far d�e wiro socured by thl�Dad ot Tr�ut. `,'
<br /> �� if t6e uraunt af the Funds R�cdd by Lender.to�ether vv�th tbe future monthlY�n�alt"xau of Runds pay�ble pdar to :,,:
<br /> tLe due duea of axes, assessmeats. intuc�uxe Premiun�and�rand nats.shal l ex c a d t b e amou n c r e q u t r e d to p a Y s�ld
<br /> tues. a�eats. io�vraace p�niuu�s and Qround mKS u tt�eY fatl due.such exce��II be. u Bormwer'�opdon. -
<br /> ���, eith�r prompdY�epaid ta Bormwer�x crsdi5od a�►Borrower oa cnonthly it�qllmeats of�.������� �_
<br /> " �ld by Lender xlu�q pot be sufficient to pa�y ua�xs. as�smeote,iasuru�pnemiume � tuc iu I.ender miy r�
<br /> f�: Borrower atnll pRy to Lender wy amount necexs+�yi to an�ke up the deficiency ia ane or more MY� -
<br /> ..,�� , Funds
<br /> � � �pon payment ia fuq of dl sums aawred by this Dood of Trust. Leader sball p�owptly cefuAd�°Bo��'°w�a°f'
<br /> beld by Lender.If under pr�8r�ph l7 tjeroof the ProQtcty is sold or the Pmperty is othecwke+c9uiraf by I,enckr.LGnder
<br /> --` -� s1u11�PMy. no tuer mu�n imu,odisi�ir p�or t�i�o.lc at't�e Prog�tY^r Iw,�couicidon by Lender. �ny Funds heid by
<br /> �`��`' L.ender Rt the time of tpplic�tioa�s R cKdit yainst thc swns securod by this Dad of Tn�st.
<br /> �.� ;i�..�-:,�:� �; nts receivod b Leader w�der the
<br /> � � 3. A af Pa�ab. Ualas�pptic�ble Isw ptawndca otberwise.all paynte le a Letxkt by Boct�t
<br />_ �5;�,;���`:�� � Note ud�aphs 1 wd Z berocsg sl�ll be�pplkd by Lendec�irst in yroeat of unounts pRY�t►
<br /> . C��
<br /> - under p�r�rnph 2 t�erwf.t h e n to intcnst p�y a b�c oa ttrce Nae. and then to the p�iucip�l of tbe Notc.
<br /> i•.: . �.,. � �, 4. PAor Mwrt�a u�d Deed� ot Tnrt4 ��►i�i Llar, eon�ower stull perform all of Bormwer's obli�adona
<br />-� ":, undet�nY n�oc�ai�, deod of mu1 ur �r sa:urity a�c"'..:,m::.t::z►h�!i:�n which h�priodty over thi� Deod of Tivat. -
<br /> - - '�`c';;f , includinJ�Borrower'e covenants to m�ke P�Yroeura wtnn due.�crower stWl pay or cause to be paid�ll axa. as�aacaeats
<br /> . , �nd od�er chu�es. tioec�1 im�xrsitions ntdibuqble to the Pc�pe►tY whic6 may�tWa a pdodty ovar this Deed of Tmat.
<br />`'. ..:' �, wd IeaeehoW Palrments or�cound reats.if�ny.
<br /> �:r.< +:. s. H�s�rd Inueu�ce. Bnrmwer sbtll koep tt�e improdemews ao�w cxtstinQ or heresRer erected on tLe PmQeKY
<br /> �,.,,•.ss,,`:� loss b fin. laards included withln the arm'extended�overage'.u�d a�ch other taards�s Lender m�Y
<br /> _.�:�;; .... i t�urod apimx Y
<br />_„� �,`'J�:,:t�4. require aad tn ach�unaunts and fi►r aicd peduds ag Len�ler ma}y�equite.
<br />;�,��r:'�.r�.�,"� � 'I1�e Insunt�e curier p�m+idl��the tns�►rance stWl be chosen by Bonower subjact ta�ppcovtl by l.etdert P�ded.
<br /> -..,�•.,�Y�r:' duu such approval �Il not be �nrrasoawbly withheld. All inucance policles u�d reaewala tbec�of shaU be In a form
<br />� � • .:� • ' • �coepu�bk to I�eocler�nd ttull inefude a sanc"ln�d enort�e cl�uoe tn fxvor of�nd in a form aocxpt�ble to Lender. L.eader
<br /> �:�. �r��:'� etWl have tbe d�ht to hold the�►o7icles wd renewals thereof. abject to tbe terros of any mortpse.deodl of tn�st or other .
<br />--" :;�'°;. eecurity tsreement with a lien wttich h�s prioriry over this De.e.�uf Ttu�t.
<br /> '`,.: ' nodce�t cu i6e insunnce curior and II.ender. Lender m�y m�lce�raof
<br />'',f'��,�:�;`�: In tLe event of loss,Bomnwer sball qive prompt
<br /> - � �,`°.�-�. b Hor[ower.
<br />.�,��`�c;�; of lase if not m�de PcompllY Y
<br /> - .�. . If the Property is��doned bY Bormwer.or if Bomower faits ta res�+�ond to Lender within 30 days from the dau
<br />�_:�-,
<br /> � notice ia m�ikd by L.ender w Bo�rower thu the inevnace c+�r�ier ofkrs�o ssttle a cldm for iosunnce benefits,Lender is
<br />�"",.,',�� ; , , wthorixed to copect ud�pply the i�nce pracoeds at Leuder's opdon either to riestr,ruion or repRtr of the PropertY ot
<br /> . . to the a�woe secural by this Deod of Trust. �=_.
<br /> � i. �ra�..tlon ,wa l�wpta�nc� or rropr�tn �e..e6oia� Cmnaondnlun�: P4mea ude ne.dopment..
<br /> � ; Horcower ch�lt ke�the PtopertY in�oa1 raptir Rnd slu�ll not commit vvs�e or pern�lt imp�irmea a�r�detedondon of the �
<br />� pmperty and stu�➢comply witt►tLe provisiona of Any leue if �his Deed of Tn�st iR on a le�sehold.�t'c�h:s Deed of Ttust is --^:,:.
<br /> . ,���_ �. on�u�nit ea�concbmidum or a pluu�ed unit developmeM.Bcxrower shaU perform all of Bocrower's abli�ti�aa under the •��,f;'',:,
<br /> , .'�i��,:� �: .��:;;:.
<br />- ;,.:�!;. ;� docluatiod or crost�auts Cresting ur governtng the cuadomirtitum or plutned unit tkvelapmeat,the by-I�ws wd re�doas ,a���:.:.-
<br /> • . , '._ ;,� of the candomininm or pltnaal u�it cbvelapment,and c�nstir�ent doeumtds. `s'ch;
<br /> 7. Prd�ctia�of t,cnder''s Security. If Homnwer fxils to perkHm tt�e covemmie and�oements conulned in tbia ^.,:�: -
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<br /> Deed of Tn�st.orr if�ny oct�on or procadini is commenced which mueiu9ly affects Lender's i�erest tn tLe Pmperey.tLea ;,
<br /> . ; � L.eader. st Lender's option. W�on oodce to Borrovw�r, rnay nnwice such appeara�►ces. disburse such sums, i�ludin= . ,.
<br /> . � msombk attorneys' fees. ancl akr such�cdon�s i:coecess�tf'�o procect LendeCs ieterest. If Lender requind mottQage �"`f�
<br /> .v�._���...f.�...�..■.6....e n,m�ined tn
<br />- _ —=T-�,^ { ins�rat�oe at a condtt�on of mrkina the lan secured tRv en� iJkCd Ot 1 ntA. norrirNC� aw..p.J .••••r�---^—---.----- °''
<br /> miintain such inwr�nce in efkct until such time a� at�e n��rcme�t �u such insura�x:e tero��oaes in�cconW�ce wlth f.:'�,l`.
<br /> 1 �
<br /> Horrower's�nd L,ender'a written aorament nr�ppllcahl'r�w_ 7,with interest therton.u tt�e Note nte.ahsU become �'
<br />� 1 Auy unounte diabur�ed by Lender purs�ot to tlas p��aBr�ph
<br /> �ddidom�l inc{ebtodness of Burrower en.�d by tlus Qecd of Trust.Unl�ss Bo�w�r+�� ��r�gr� to dlur tecnu of
<br />' � P�Y��• auch amounts st�ll be p�y�ble upon notice from Lender to Borrower requatin� PsYment thereof. Nothing
<br /> cootained ie thic prtQr�ph 7 stull require Lender to h►cur�ny eapsnse nr t�ke�►ny�cdon tiercu�xkr.
<br />- s, i�p��lon, L,ender m�y m�lce ur etuse to he made reuon�ble enaies upon ad inspecdons nf �the Pcoperty.
<br /> . provided tMst Lender sfull �ive 8orrower�xxice prior to u►y such inspection specifying re�snnable cause therefor rel�ted to
<br />= Lender'a interest in the Property
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<br /> � 2 ot S
<br /> r Neer,a�tea7e-� 'tro� Oriqiaal(R�eord�d) Copy(8rwnah) Copy(��toa�rl �
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