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<br /> TO SECtIRE to!.ender the re v�eat o!ffie indPbtedness evidenced�y Bormwer's note dated �. � � � :R: :
<br /> AUGUST 1�, 1998 � aadexcensionsandreat�watstflereof(herein°��QCe7,
<br /> • �... .`ic 4 '
<br /> " � ...y�(`>":.
<br /> �� a ��� in tIIe grIacipal sum of U.S.S 25�OOO.OQ .rritQ interest ch�reoa,provxd�ng for .�--,. .
<br /> . � '' .�� monthly iastallments of prindpal aad interest,wlttt ttce 6aianee of the 3adeate�es3.If aoa sooaer paid.due and payat�te � �.� ,'. :'
<br /> o� A�GEJST I g, 2 Q l8 ;the payment af a11 other swns,arit�iaterest thereoa.advaaced , � ::�
<br /> _ ia aocordance herewitti to prutect t�e securiry of this Deed o8lYust;aa3 the performaace oY the crn�enants and •„8�.-.:.; ...�
<br /> ' •.:... a�eements of Borra�ver herein aontaiaed. • - ;:'
<br /> �� � Bomower ooveaants�hat Borrower is IawYulIy sei�eQ oY the esiate IIereby aonveyed s�nd has t2ee right to granc and , ; ,,.
<br /> oon��cy the Pcopertq.sud tbat We Property is uaencumbered.exoept for eucumbrances af c�eourd. Borrowei eoveaanu � � .
<br /> ��:�_= t2eat goiram�er�mrrants and will defend generalt}the titte to the Property against all ciaims and demsuds,subject to _- __ ,
<br /> -� �= eacumDraaces oi record.
<br /> ` >`` t3Nff�R'Vl COV�IA�'i5. �ma�er anQ Lender oovenaat anQ agree as fillmnrs: �� -
<br /> � L Yayment of P�1 sud �SL Bouawer sLati pramptty pay when due the priadpal and interest � ,
<br /> indebtedness evidenced by the Note and late caarges as pmvIded in tRe Note. � '� ' �`, �•, ..
<br /> .urt:
<br /> , . - 2 Foads for 1�es and Iacordno� Snbject to appltcable Ta�►or a wr�uea waivet�6y I.�d�,Borracver sIlali pay :.:' : f:.
<br /> . _ %o. :',` ,,F1��. :.-;
<br /> � � � to Leader oa the day manthty paymeats of prindpat and 'mter�st are gayable uwier tT�I�ott,r�l the Note is patd :;.;?.;: ":::.:
<br /> � iic fr�lt,a�sun(Heteia"Funds�eqUal to one-twelft�of cite��riy s�.s affi�eats(ias3ndiAg Qoadomiaium anck =:�;�f��-.. .:. -_-
<br /> pTantved usit developmettt assessmeats,itanY)c�h{c��taY atm�gtfotEty aver CFtts Deed of Tias[att�gtoun3 t+ents ott , x�i,,,� i�,.
<br /> �` ' r�r Fregeny,if aay,glus iza�-twelft6 of yearty preml�sm f.a� icr,�tMents for�aaard+�mrance,pius oae-iweSfth of yearly . .°r'�s�r ._.
<br /> - �fnstailments fbr�rtgage f�svtaaae,if any.aIi as masaaably�sdmate�initialiy a�d from tim.e tt��t�ue tsy .�.,"...� ,
<br /> �e�on.tk�.basis af as..�.csmenu aaat Aills and reasoaable esorstaces thereo� Bomawer sBari not De o$T�ate3 t�o :�„� ='
<br /> '�a�ie,�pg3'rments nf Fva�s to Lend�r to the eatent that Be��r malccs sucD payments.t�::tive haIdet oga pdor
<br /> er i��ed�of t�L�.�ch holdei is an i�tional leader. � ` : ` � .
<br /> y%'s ;. �� �nvwer pays F��3�#�L eader.the Funds si�aII be he2d in an in"satatic��z.tYs�Qeposits or aoa�aut�.rs�r�$icI:are �f'� ,i�-:
<br /> �. � ��.�ed`or Saa�asttee�i�?�,.��y�c.:�cal ar�taLS agenry(bncluding Lendei if F.,cndet is sucS an.zustuntio{�):.�s� �' `' . _-
<br /> i+)J!?�(f.' � i`i.- • ,., _.s�u c{: . --
<br /> � . �.``��2$Ply the Fii��.tn pay�s���xes,a�nts.insnianoe premiv�s;arsd gronnd ients. �.s,ai�.g ndt c$arge�for so � •
<br /> i`1f ;� , ,� t. �;.•� �'�tds ana: said a000unt ozv cbm ilin �aid � s 1nd bills,nnIess i ', �"t:
<br /> �ta s • ; 4�� ��8. ,. �� P S �' • , - -
<br /> r,��; ���t�t a� ��. I� �� , . �
<br /> , ".�• •�.�der pa��ro�.er�t on the�uuds aad agplicatrle taw per,�sLende�tA make suc�.�r�».argc. Botruwer and , t, � .,
<br /> , : .' r,�nder may agree in r•5,�r�at tlte tt�e of esea��ax of tWs Deed of Trust ti�¢�8aterest oa the Fuads shall be paid ;�'�S`, Y��Lf���
<br /> , � �r;i>;� `'to Borrower,and untess:`r`,�ag�eeme�xt.s made vr.'�plfcabte law iegoires suc�i interesc t�E�e.�ai0.Lender s9ai1 not . '��. _ _
<br /> � . r; ,:.,: be reqnire�t�i�ay Borro�ier any inter�u+r esrnirigs..ibn the Fands. Lemder shaU gtve w .�wer,withoo4 ch�rge. . � _
<br /> ... . ,,:�.. '':� � an anaual�q�*�ng of the Fuads shc�ti�g credits a�d debits�tf��Funds and the pur�'�Y�r wluch eac8 debit tfl : . _--
<br /> � � ,�, ' the Fands�:�tade. T�e Fnnds are ple4ged as additional s�*�for tlie sam�setured'��.�ed gf'IYas� -----
<br /> ��' � �' ��` IP the amc�at of t�e.Fuuas held by Leader.toge�her with t�ce i�ariue mba�Iy incta�J�.r��r�',;L��ga�le psIoT
<br /> �, �,.��; >�. w the due da�s of�s��ssmenu.insnrauce Premiums and geau�is�r�rt.�,,�r;�.���`��w pa9 ---
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<br /> � •� '' �� f Suid taxes.ss.�..��,�noe p[e�tums and gronad rents a5 r,6ss�>fal�.�uy,`�+u:����4�e,�fi 1�rowe�
<br /> iFt" s�j apdon,eiti���;����d ta Hor�er or credited to Borr��±��*,��=�s�}�`� ;�.,�?��, �` -
<br /> ; ,� of We Fua:�3t�i���Lr�a'�shalt aat be su�c,ient to pay tazces..��nts�3nsprance�a!��,�3�sut� .,' ---�_
<br /> �. - -- - . as they fa�t,'tit�r�,�v�a.:�yrall pay w Lender atnr amount aecessary to make�ap tlte d�a��'uF+oAZ ����+e � , �'.
<br /> �t. : �ents�fi.�r�C::�.3:.r�x�n[te. , . . . , .;�,: �,� ,: �
<br /> Upon���n,�:in�"of all sums secured by this Deed of Trust,Lender shall prompttp:���i��rer�ty _
<br /> . �;• FuaQs heJ'.,�aMr u.mder. If under patag�aPh 17 heneof the Yropeny is sold or the Properiy t��sz a�aired.6�'' ' =
<br /> .�.;,,_ .: i.`. Lender,Letr��c s�all a�ply,no later than imatediately prior to the sale of the Property or its.�qu�sitio�by7.eade�` . t�+�:
<br /> � � "" � any Funds 2teld Q}Lem��t the time of appllcation as a credit against the soms secare0 by tdis DeeQ.c�;�Uss, � . ':
<br /> , : �,; . 3� Apglication�o��maents. Untess applicable law provides oiheradse,all paymenu received by'.,rre�tdrr��C� : ' ;�r`v°; _
<br /> ,,r.':� � � : tlte Note anct Para�rap�•��nd 2 hereaf shall be appllod by Leader 5rst in gayment of amouats payab2e�a��i�i�r' � � .�. .r's.�' .
<br /> . .��'s � Borro�er nader paraBraPh�hereof�eheu to iaterest payable on tRe Note.and then to th�prIncipal of the Not�` _ : � , �;, r�-��•s„rf,�.�:-____-
<br /> . �i' . � ��� • s - P.•YJlrin.,� .
<br /> an�De�6s oilYas��Idens. Bormwer shalZ perform all of Bomower a obllgatIaz�; ��.�.:;. ..•�.:.; , x..,.� ;�...3
<br /> � `.; �Qer aa mnrt Heed of uust or ot6er securl a eement wIth a lien wt�ch has rIori over this D►eed of Trast;'�'��� . .;, �� �`:�"
<br /> . . Y 8�g� LY 8t P tY . i��:�;�c��r�
<br /> ° including Bosmwer's covenants to make payments when dne. Borrower sha11 pay or caase.to be paid all tages, �;;, , t: ;,,` �-
<br /> . ,. :.; . assessments and otIter charges,fines and impositions attributab2e to the Properry whicb may attain a prIorIry over tbis • _: ��..sti�-
<br /> . �`1 Deed of Trust,and leasehold paymeaes or groand rents,if any. ` .1".�t: ''-�� ` 't�.'.
<br /> , r..__
<br /> � � • 5, Hazard Ingwranoe� Bonawer s�all kee the Im tovemenu naw exlsttn or hereaf�4ei�ected oa the Pmger[�z � �' ` ' ` :. � ,
<br /> . I mran p P . S , �w,;,`
<br /> . Iasured aga[nst toss�y fice,bazaruls IncluCed wI�htn the term"extended caverage'�aad such 6ther hazards as Leaticar � - +..
<br /> 4 . may require and in s�ci3�u�aounts anc! for such periods as Lender may reqtiia+e.� � 1.` `+ �, � .
<br /> i i.; . The insurance rarfii;�k,�vi0in8the Inswance shall be chasen try Borrawgrsm►�ject ta approval by Lender.piovlded, , . , '- �..
<br /> '�... , that snch appmval shall not be unreasonably wIthhetd All insurance polictes and reaewats thereof shall 6e�n a 4'or� � -, ,
<br /> r� ' acceptable to Lender and shall inclaQe a standard mortg,age clause in favor oP and in a form acceptable to LeAtde�:�'.,' . ..
<br /> �� ' I.ender shalt have tt�right to hoId the po]IcIes aat!renewals theseo�sabject to the teims of any mortgage,dee0�j.:'' �
<br /> .trast or other secaricy a�reement wlth a lien v�i�Ii Gas prlorIty over this Deed of Trust ,,, _
<br /> In t3ie event of Ioss.Bonower shall give pra�s�t ncstioe to the ussuraarEr��rrier and Lendcr. Icar9',�:r�.i�tay mak�� ,� ,
<br /> - ,' ';gsraof o£lsasis:.i!not made promg�iy by 9nnawer. � '. � ,� � , � � � ';
<br /> s
<br /> .� ' If�!�.l?tra�ny is abaadaned�ly S3'n�aawer.or�f Sam�werlail"s�ti�C�poad�ta l.�en�er�vii]�iu 30 Qays St?��e da� .. , �' ,+< <r �:
<br /> .-�. , aatiee is sAAi]i�i by I.�ender to Boz7cpwnstil�it the i'ns�kraace Catdi��tstf�els to seit��a sL3irA�f�c ii�isnranee Detz¢i�C�,1,�nd�. '; � �:,
<br /> : is authorfzei�to coIIect and app�y 1H�lnswance prnceeds at Leader's optiaur�ither tn'ieswratiars or�cgair mf� , .`- ;� .
<br /> �' ' � Property ar to the sums secumA by th9s DeeO of'IYus� '�, ' , ` .. :
<br /> i .:.....,.
<br /> ' � • , 6� �rvarioa aad 11�t�enaa�e of Pmpedy. Iea�ehol�s, C+nndt�mlmltm�.fi � �1mFe ff2�op�. . ' � '
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