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<br /> JBFF L• STAGti& CZNDY A STAt3(3S [ � 101162 08/21/1997 :°.x=..J,'1.;';�'"�-:
<br /> � -�,t)694�
<br /> � UNIPORM CoVeNANTS. Borrower u�d Lender covenant pgree as follovrs: ~ ^
<br /> � 1. Y'ayment of Princlptl wnd Interest. Bonower shaU prompdy pay when dne the priacip�l aad interest
<br /> iudebtedness evldenctd by the Note uid lwte cturges as provided ia the Note.
<br /> Z. Ftiada[or T�xes itnd Insur�ncx. SubJcct to applicablc law or a written w�lver by Lender. Borrower shall pay ta _
<br /> L,ender on the dAy mouttily payments of principal and iatenst are payAble under tbe Note, undl the Nate is paid in full. a �
<br /> � sum(herein "Funds') equ�l to onz•twelRh of the yearly tues xnd assessmen►s(including condcminium and planned unlc • s
<br /> J development assessments,if any) wdlch rosty ottain priodty over this Detd of Trust, and graund rena on the Properry. if ,
<br /> J any,plus one-twelfth of yearly premium fastallmen�s for hazard insurance,plus one•twelfth of yetuly premtum iasutllments '�`
<br /> for mort�a�e iru�urance. lf any, all as nasombly estim�ted inidally aixl from dme to timc by Lender on the basis of =
<br /> assessments iwd bills and reasonable estimates thenof. Bocrower s6a11 not be obligated to make svch 1uYments of Funds . _
<br /> .... to Lendec to the eatent that Bonower makes such payments to the.holder of a prior mortpa�e or deai of trust if s�ch holder —
<br /> �► Is an Insdtudonal lender. � '
<br /> If Aorrower pays Fuads ro Leader,the Funds sl�all be held in an insdmdon the deposits or accounts of which are � '• ..
<br /> iasured or gwrintad by a Federal or state agency(including Leacler if Lender is such an iastitudon). Lender shaU apply ..;.;y�,:;�;:�--
<br /> the Funds to pay said taxes, assessmeats,insurance premiums wd grou�rena. Lender may aot charge for so holding and ..,-•'y_'u..�=- _
<br /> applying the Funds, analyzing said account or verifying aad campiling said s�ssessments aatl btlls. unl�ss under pays ��:•:�:`"�
<br /> Borrower interest on the Fuads and applicable lnw permits Lender to m�lce such a charge.Bomnwer and Lender may agree ���'•��•
<br /> in wrldng at the tune of execudon of chis Dad af'['mst that interest on che Funds sLall be Paid to Borrawer•and unl�ss �•'
<br /> such Agreement is made or appGcablc law requires such interest to be p�td. Len�der shall mt be requirod to pay Bonower .}:
<br /> �. o�:.
<br /> ut interest or arni s on the Fu�ods. Lender shall ve to Bonower. without cLuge,aa anaual accountin8 of tbe Funds ' -•_:.
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<br /> showin�credits and debits to the Funds and the purpose for which euh debic to ttie Funds a�as m�da 'The Funds are . _
<br /> pledgal�.s uWidonAl securlty for the sums secured by this lleed of Teusc. .", ..::
<br /> If the amount of the Funds held by Lender, mgether with the future monchly Installments of Funds payable prlor to .'�r���..
<br /> � the due dates of taxes. assessments,insurance premiums and ground rents. shall exceed the amount required to pay sai d `:•��:.
<br /> .': :$ tsuces. �ssessments. insurance premiums and ground rents as they fall due.svch excess s6a11 be. at Botrower's opdon,
<br /> '•"� either prompdy repaid to Borrower or credited to Bonower on monthl mstallmerus of Funds. If the unount of the Funds �`�''�
<br /> y� �f�__�:,-_
<br /> • held by Le�er shall aot be suft'icienc to pay�ues, assessments. lnsarance Pre�iums wd Brou�d rents as they fall due, -- _
<br /> �:: � Borrower shsU pay to Lender any amouut necessary to m�lce up the deflcie�cy in one or more payroents as 1-ender mrty '..�.;1;=-�
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<br /> Upon payment in fuU of aU sums secured by this Deed of Tcust,I.ender ahall prompcly nfund to Borrower any Funds ' ��'���
<br /> :"���
<br /> '�' held by L.ender.If under parageaph 17 hereof the Prop�rty Is sold or the Property is othetwLSe acquired by I.�nder.Lender �,rm�:��
<br />—. -� rhsl!sggl;. aQ lritr shnn i�d':atel; grio�te ����?�f�he Pmperty or its acqutsidon by Lender,any F�nds held by �.r
<br /> Lender at the time of appllcation as a credit against the sums secured by tLis Dad of Trust. __
<br /> 3.Applicat[on ot Paymeats. Unless applicable law provides othenvise,nll piyments recetved by Lender u�er the ---
<br /> Nae and�uragnphs 1 aad 2 hereof shall be applied by Lender first In paymeac of wounts p�yable w Lender by Borrower — —
<br /> under p�ragraph 2 hereof,then to interest payable on the Note,und then to rLe principal of the Note. _ _
<br /> .� 4. Prior Mo�tpses and Deed� of Tru�t; Char�esi La►�. Borrower ahall perform all of Borrower's obligatioas =--
<br /> under any mortgage, deed of aust or other security agccemenc with a lien which has priodty over this Deed of Tnist, ��
<br /> :� �, i�ludin�Borrower's covenants to m�lce paymenis when due. Bormwer shall pty or cause to be p�dd All�es.�sse�oents �.-- _
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<br /> , a�other chuges. 5nes aud imposidons auributable to the Property which mQy uuia t prloritY over this Dad of Tmst,
<br /> and letsehold payments or ground nnts,if any. —
<br /> S. �iasard L�surance. Borrower shall keep the improvements now existing or homfter erected on d�e Property _
<br /> i�ured�gaiast loss by fire. harards includrd within the term'extended covenge',and such other huanls as Lender may -
<br />->_. ., ,� �.. requlc�e�nd in such amouats and for such pariods as Lender may require. �
<br />�'�::;.r:;� : Tlse imvraace carrier providiag the insurnr�ce s�11 be chosen by Borrower subject to appmval by 1.ander:provlded, �,.
<br /> ., tiut svch approval shall not be u�on�asonably wIthheld. All insurance policies and nnewals thereof st�ll be ia a fonm F,
<br /> ' accepable to Le�ler aud shall include a standard mongage clausc ia fivor of tnd in a form acceptible to L�ad�r. Lender �,
<br />= slull have the right to hold the policIes and nnewals thereof.subject tn the umos of any mortgage,deed of ttust or other —_
<br />= securlty agreement with a lien which has priority over this Detd of Tcust. ��
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<br /> ' In the event of loss,Borrower shall give prompt notice to the insvran�e carrier and I.endec• Lender may make proof =
<br />_ ' � of loss if not made prompdy by Bonower. �-
<br /> . .. If the Property is abu�doned by Borrower. or if Borrower fails to respond to Leader within 30 days from tl�e date _
<br /> � � e nodce is m�Wod by Le�er to Borrower that the iasurance carrier offers to ssttle a ciaim for i�c�*��ben�fits. Lender is — _�'ry.
<br /> - �• author�ed to wllect aa3 apply the insurance proceeds at Lender's opdon eit6er to rescoiatioa or repAir of the Pmperty or ��
<br /> '. �`' to the samc secund by this Dad of Trust. �::���
<br />� ` 6. PreeenWon �nd M�lntenRncc ot PropatY. Letseholds; Coadoaniniwaosi PW�ned Udt De�dopmeats. � _ --,�_-
<br />= Borrower shall keep th�Property in good repur and shall not commit w�ste or permit impairment or deteriorarion of the ��= ''�:,��`
<br /> - Property and shaU connply wIth the provIsionc af wy lease if this Dced of Tnist is on a leasehold. Tf this Deed of Tcust is �''^�p ��'�.
<br />� on a unit in x conduminium or�planned unit development,Barrower shall perfo:m a11 of Bocrower's obligations under the '�� , .�� ,�� -r��
<br /> � . dxluadon or covew�nts creating ar governing tLe condominium or planneci unit devel ment. the b •laws and regWuioas :..:rt::`-���f
<br /> aP Y � ,}�..t;:�',.Zn.
<br /> � of the condominium or plumed unit development,and consdtuent docnments. : ,:�:,
<br /> ' 7. Pratedlon oi I.enda's Satuity. If Borrower f1i� to perform cLe covenants and agreemencs contalned ia thls . . . t .�
<br /> • Deed of Tzust.or if any action or proceeding is commenced which materially affects Lender's inrerest in che Property,then
<br />} � Lender, at Lender's option. upon noace to Bo�rower. may make such �ppearuyces, disbutse such sums, including
<br /> - reasonable attocneys' fas, and take such acdon u is necessary to protect Iender's interest. If Lender requind moctgige i ""
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<br /> � .... 'Ln- n-_a ..e�r�...� n..�......o.ehotl nov ehs.nrv�miumc mfu;fCd tA !
<br />_- --. ... 1LSlliatlCC AS A GOII{IIROII VI IDiilI�IIlC IUi�I aCf.:Y12ti Vy tu�a ✓�.�a v as.w..w�...........�..r••� --�'--- -- ---- -� r =__�°_-__--
<br /> mAintain such in��*�*s� in effect until sucL tirne as the requirement for such insur�nce terminates in ucordance wich I
<br /> Borrower's and Lender's written agreement or applicable law. �
<br /> Any amounts disbursed by Lender pursu�nt to t6is puagriph 7, wtth inceresc thereon,at the Nou rnte.shall become
<br /> addidonal iMebtedness of Bonower secured by this Deed of Tnist. Unless Borrower and Leader Agree to other terms of �
<br /> - � payment� such amounis shall be payable upon aoace from I.ender to eoirower nquesdng payment thereof. Nothing �
<br /> I contained in this paragraph 7 shall require Leoder to incur any expease or take any acdon hercunder.
<br /> � 8. I�pection. Leader may m�1ce or ause ta be made reasonable entries upon wd ia5pections of th� Pcoperry.
<br /> � providal that Lender st�all give Borrower nauce prior to any such inspecaon specifying reasonable cause thertfor reloted to '
<br /> ' Leuder's interest in the Froperty.
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<br /> � � Nebnet.26876•3 7i97 Oriqinal(R�cord�d) Copy(nranch) Copy(Cu�tom�r) P,pc 2 otS ;.
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