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<br /> OB/11/1997 ���`._'�m"��`,
<br /> Z01710 - _�:��
<br /> ' JQ�1N�L RAPP �•`,� ---_—_
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<br /> U NIPORM COV F.!�A NT:. Born�wer and Lxnder covetutt►t aw�d agne ps follows: �. ,,t,�.,
<br /> when due the princtp�l �ad interest �'; �;�'���
<br /> 1. P�yment of Princlp11 and IMerest• Borruwer shall pmmptly p�y . , ;�.
<br /> indehtrtiixss evidruced I�y itir. Nc�te aiul�ate eharges as prnvided in the Nate. `,.�
<br /> �omawer s6d1 p�y to . ... � i:,.
<br /> 2, �nds for'�uxc� and lnsurance. Suhje�:t m applicAb►e IAw ar a written ws►iver by l.eader. •. ..
<br /> I.cndrr�m the day muml►ly p:�y�nencs of principAl and interest are paY+�ble w�der the Note.untll t�c Note is p�td ia fuU.i �._ .t.�w.;
<br /> sum(t�etein 'Fu�xis"1 euual co une-twelfth of the yearly ta�ees and�ssessroents (ii�cluding coadomidum url plantt�d udt ' :: _
<br /> devrlopnxnt assessn�ents, if any) which may attain pdodty avCr this Deed af Ttust,�nd growd r�nu on th°P��Y• if
<br /> any,plus atte-nvclftt�nf��early premi�m�imtalln�ents for hazard tt�sura andpfrom Mcn�u�tinieybyr'Lcad�r uou�thnc basaisnof •�;t.'f5'.:;�'"c�;�•`
<br /> fitt nxmgAge intiura�ke. it any, all as reasonably rstimated irup�l y * • �••:••°
<br /> � ,�.� .. .�;,:
<br /> . a�.sessn�rncs a��d hills an:! re•r.nnahle e�timates chereof. Bormwer slull nat be obligated to make stu�payatents of Funds ;:•�,,.��#u�:��s,
<br /> � �*r' m Ixixler to the extent Ui:+�B��tt��wrr makes sucl�paymeuts tn the holder of a prior mortgAge or deed of t�uat if such holder �:,:.:,-��. •��,-;;�..
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<br /> � '' is an insrituti�mal lender. ;" �� `��,��
<br /> If Barrnwer pays f�undti �u l.c:nder, dic Funds shs�U be held in an insdtutian the deposits ar aaounts of which are ;n'; , '--���.,��,_._-..
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<br /> insurexl or gu:uanteed h�� a Federul i�r state agency(including Lender if I.ender is such an insdtudoub I-�udel shall aPP Y •.;_��_�
<br /> the Fu�s to pay said tax�s. auessments.insurance pnmiums And gmund reuts. Lemter mAy noc char4e 4'ar so 6olding�wd _Y.. —
<br /> applyii�g the Funds. analy�ing said account or verifyin� and compiling sald assessments and bilis,udess Lender payF _
<br /> Burrow•cr int:.rest nn th: Euuds and applicablo law permits Leader ta make sucb a charge. Bnrrower�nd Lender msY�S� _- --
<br /> in writing at the tin�e of era�uciein of this peed of Trust thAt interest un dio Fi►u�ta shall be gnld tQ Borm�r+$�� �:�-�-
<br /> sucl� agrc�n�ent is n�ade nr a�nlicahle law rec�uinss suclt intetest to be paid,I,ender shall not be requited W[�F� ���� + -_'
<br /> � any interest or earnii�ga on t�ir l=un3s. Lender sh�ll give to Bortower,without chutge,an umwil a�otwdn�
<br /> ' showing credits aixi de:c.iu. ��� che Fwxls �u�d the purpose for which each debit ta ilie Fuuds was msd�. The F� � � ;;�.�r—-
<br /> . pledged as additional san:uri�� fur dir,unts secured by this Deed of Ttust. ,`�_�_
<br /> If the amounc,�f�:►c�=,zncs h�:l� hp Lender. together with the future taonthly installments of Funds paY�ble pdor to t�:-_-
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<br /> the due dates of taxes, ua,es.�iaics, insurance premiun�s aad Sround reau,st�ll exceed the amountraluired to ptY s�Id .,,�",'ri
<br /> '� u►xes, assessnients, intiu-auce prciniun�s and gmund r�nu as tl�ey fsill due, such excess sha11 Ue. u B���r's option. S,M�.�
<br /> �� either prompdy repaid tu Borrower��r credited to 8oaower on montWy lnsutlltneats of Funds. If t�eam�wn�of the Funds .;e`;Rk�_,:'
<br /> held by Lender s1iaU noc he sut'ricirnt tn pay taxes. assessments. �nsurance pnmium5 aACI Srou�l n���y � due. .;�:;_-;�'
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<br /> ���, Botti�wer shall pay ��� Ler�dcr xny aninunt ne�:essary to make up the deficiency ia one ar mon paymonts as Lenler maY `'�'_
<br /> . require. ~ �
<br /> _ Upon payn�ent iu c.�:l ���nI i sums•ecured by this Deed of Ttust,I.ender stiall prompdY refund to Aocrnwer any Funds o,�,�
<br /> rw} � �5 othecwlse�cquircd by Lender,Lender �•.��—
<br /> $ held by Lender. If uud�r par,�. ��h l7 hereaf the Pra rty is scild or the Property ��
<br /> .``:�� . � shatl apply, no later th;in �narr:d�atciy prior«�dic �a1e of th:.I'ro�tt� or lis er�nisidon by L.ender, anY Funds held by
<br /> �. Ler�der at the time of appli:anun rs a�redit against d�e sums secured bY ch�s peed of Trust. _
<br /> �'�` 3. AppUcation of!'syments. Untess applicable law provides otherwise.All paymeuts roceived by Leadec upd�r the _
<br /> ;,; _ �
<br /> � Nnte and paragraphs 1 and 21�arec�f ahal! t�e applied by Lender first in paywent of amounts p�Yable to Lender by Botrower
<br /> -� " under paragraph 2 herCnf, th�•n m iutrrest payable on the Note.and then to the prtncipal of the Note.
<br /> 4. Ptfor 11'�ort$a�es and Deedr• uf 'frust; C1urSes; I.�m+. Bocrower st�all perform �Il of Borrower's obligadons
<br /> ' under any mortgag�. clee� af tru,t ur<�ther security agreement with a lien whic�6�P��p���� °����
<br /> �. � ' i n c l u d i n g B n n��w e r's c u v:i�;i��'s u�u�uke pa Yment� when due. Born�w��S it�a11�Y R tt a in a p ri o d t y o v e r t h i s D e o d o f T t u s t. `?r
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<br /> and otlier charges, fin�:s�ud innwsiaony attributable to the Property __
<br /> � and leusehold payment�u: ��,iur,d renGti, if any.
<br /> � 5. Husrd [�uurancc. 1i:�rruv�rr shnil keep the improvements now e�isdng or herexfter erccted on We PmpertY
<br /> iu
<br />_ . insured against loss by i����.l:azarJs included withiu the tern� "extended coverAge",xud svch otherh�rds�s 1-e r�Y
<br /> • ;� , require and in such anu�mtt�rnd ti�r such periods as Lender m�y cequire•
<br /> t . The insuiance cacn:r pr��viding die insurance shall be chosen by Borrower subject ro approvtl by Le�er: pmv�ded�
<br />- thst such appmval sh:►II i,ot b: utveasnruihly wiit�held. All insurance policies and renew�ls thtrcoc i I����r
<br /> ' acceptable tu lxnde� a��d +i�,�il i�ulud:a stano�u�d mungage clause in favor of u�d in a form accepub
<br /> sliall have th�riglu«i iiuld c.w nulicies and renewals thereof,subject ro the temu of any mortgage,deed of uust or other __
<br /> '��� , sei:urity agr��ement wiih s� lie� Nhic:u lia�•prioriry over this Deed of Tnut.
<br /> ln the event i�f 1��.�. Nn-��o,,:•r;iiaU give prompt naace to the insurance curier and Ixndor_Lender mty m�ce p�f
<br /> r • i�f loss if not niaJe prum��tl; •�. �%:,nu•�ver.
<br /> ` " ,� If the Prc�pert�� is,�n�n�l+ne�' bY S��rro�^'rr, or if Bocrower fails to respond to L.ender wlttiin 30 c4ys ftom the date
<br /> _ � notice is maile�d hy L+:nu:r�� R��rrnwer that the iasurance cumer offers to settle a claim for insunnae bea6ts, Le�er is
<br /> ' autt►oriud to«�Iltct aud apPi:''!�e ins��zancr.prcx.eeds at Leuder's option eiWer to restotation or tepair of the PropertY or - o-___
<br /> � to the sums secumd h�•n�is U�:�,��; rn�st ���=-
<br /> ; 6, preservatinn ,�na Ma;ntenance of Property; Leaseho�dsi Condaniniumsi �1+��Udt De�d°p°1�°' "-:�__�_
<br /> p Bormwer shal l keep th: !'•ol�:m' �u ecxxl rePair and�hall not commit waste or permtt impairment or deeeriorarion of the ;�.�.��a���-
<br /> ;.� Properry and tihull c�wi��� ��•irh uie�rovis�on,of any lease if this Deed of Tcust is on a leasehold,If this Deal of T�ust is
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<br /> S�a �.''r'�=— •-._
<br /> � on a unit ia u cc�ud��nemi.'m�s� .+n�,��'1ed unit development, Borrowet shall perform all of Bo�rower's obli ons under the " �� ��'�
<br /> d�clnratiun ur�ove�L+u�> �r:-�:nE� �:r�overuing the cundaminiuni ot pl�wxd unit development,tbeby-liws nnd reguladons .;�:;' _�.'
<br />' � ot'die condomirnun� �,�4•••ruu•� ��uc develnpmenc,wd constituent docutnents. _ `'�
<br /> 7. Protectton of Lrnw•r , �ecuricy. If eorrower fails to pecform tLe oovenants and agm°�n�s�e°�� �II�n : .;:,•:-��.,��
<br /> Deed nf Trust.or if au�� •r.ti�•o��i (,rn��;di��i:s cu�unienced which materi�lly affests 1-ender's inte �P��Y :,.;�,�e��
<br /> ' Ixndcr, at Lender's ����ciu<<, un.�^ nutice tc Borrower. may malce such appearances. disbu�se such sums. including . ._
<br /> .�- --�� ...e.•.....�ti�..��c��«�V.' f�,:s. •:u�! �:�k�:such actiun as is necessary to protect Ixnder's interest. If Leudcr roquired mortg�ge
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<br /> insura�xe as a �u�wiu�+�� ��� '.:�li.,(li1C �oa�� secureJ hy this Deed ot tnuc, tfOT[UWCI Jtt�u�ps,�w�. r,.........--.'--�---'-
<br /> maintain suci� 1p>Gl:llk�: �.I •:i1C'I ULItI ;uch time as the requitement for such insutance tertninttes ia aeCOrd�nct with
<br /> 8orn�wer's an�l Lzn�ci'- .r,.�:n.i�;r.cmem or applic�tble law.
<br /> sLall become
<br /> � .�ny anl,,,m�•,�i•.,,�, :i • .:�;�,;c:r�u,sunut�o this paragraph 7, wiW interest thereon.xt tLe Note rate,
<br /> _ � aJJitio�ul i�xlr.hreJnc+, .�� n„i . '.v:r��cwed by tltiti Deec! of�'rust. Unless Borrower and Lec�dor agtee to ott►a terms of I ,
<br /> payment, su�l� aiu��uui� ��:i� •''�' pa)�h le u pu i� n o�i c r f r c�m Lender ro Bormwer nquesting p�yrnent thereof. Nothing
<br /> _ � contaiueJ in�I�iti i,sr.�gr� I�; ,:•il� �u�ui�:Lender w iiKUr any expense or take any acdnn hereundtr_
<br />- � 8. Insp�tion. t.��a:• :��;,; �i�i�� ��� �A���r u� Ne made re�son�bte entries upon and in5pectioa5 of the Prope�ty.
<br /> "_ provided thac �enue� •1.�u���� i.��i,,wrr uuuce priur tu any such ieu�pection specifying reawnable cause therofor eeltted to
<br /> Ixnder's intcrest in d�e �'�.�p:•�n
<br /> Nchn��••�6H-�� ' � ' � '' j�' �� a=�:r•�t a�i 1 Copy(Hranchl Copy(Cu�toa�r) P.pe 2 oi 5
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