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<br /> t TO SECURE to Laader the repayment at the in�ebtadness evtdenced by Borrow�s nota dated ��
<br /> AUGUST 11, 19 97 an�exteasians and reaewals thercof(hrreln"Nato'). `
<br /> � in tha principAl sum at U.S. S 27.000.00 ,with interat thereon,providtag for `:`
<br /> ' moathly instAUments of prit►clpa1 and tntetest,with tho balance ot the indebtedness,If not soonar paid�due and paynble ���;
<br /> on AUGUST 14, 2 007 ;the payaYent of all other sums�with Interest Weroon�advaneod
<br /> ' ; In acoordence harewith to protect thd secudty of tLis Deod oP Tnist; and tho ped�rmanoe of the wve�wu�s aad �_
<br /> ? agrcements of Bonower hareln contained. �°,
<br /> Borrower oovenants that Bonower is lawfully aclsed of cba estats hsr�ti�y oanveyed aud ba.5 thc rlgGt to grant And �
<br /> ,�,�1 oonvey the Praperty.end WAt the Property Ls unencumbered,eau:ept for encumbrances of reoord Borrovver oovenants �
<br /> � t�ai�;r�.�s ti:rsnr.ats ausd wUl detend genera�ly the titla to the Fropetry A�Ain.ct all clafms aud demands.subject to
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<br /> �.�««H�� cacumbrancesotrcootd.
<br /> • ,,3 I UNIFORM COVENANTS. Borrowcr and I.endor ooveaxrtt And egree as foUows:
<br /> , �� 1. Pryme,nt of Pciadp�l aad �ntec�c�t Barrower ahaQ prrrmptly PaY when duc the principal aad intenst
<br /> � lndebtedness evldonaci by ttte Nota and lato charges as provided in the Noto. —
<br /> Z F+�ad�tor Ta�es ad I�wr�soa. Subjact ta apptioible Inw or a written waiver by Leadcr�Borrower shaU pay
<br /> ��• to I.endor on the day montbly payn�eata aY prindpel and interest we payable under the Note,unW the Note Is patd
<br /> � in full�a sum(herein"F�wds")equal ta one-tw�eifth of the yearly ta�oss and ass�sments(induding oondominium and
<br /> ,,� plannod unit dm+elopment esscssmeats.if any)whicb m�y attain pr�oriry over this Deed of'IY�rst and ground rents oa
<br /> � '�, tha Property,if atry,plus one-twelfth of yearly Premium instaUments tor hazard inswYnoe.plus onatwalfth of yesuty
<br /> � fi• premiwn instaUments for mattgage Insuranoe, �1 any,aU as reasonably esdmated initlally xad from tinte to time by
<br /> L.ender an the h,asis of assessments and billc and reasanable esdmates thereoL Borrrnver shaU nat be ubllp�i to _
<br /> � nwke such paymenu of Flwds to Lender to t3���ctent that Bormwer makes such payaaents to We holder of a prior
<br /> mortgage or decd af trost if such holder is ap i�st�mtiona!lender.
<br /> If Bomrnver pays Funds to Lcnder,We FYnn3s shall be held in an iastitution the dcposits or s000unts of which are
<br /> '� insnred or gunranteed by a Federal or state agenry(including Lender if I.ender Is such an ins�ItutBon). Lender shW
<br /> apply the Funds to�►ay said taxes,assessmeau. insnrance premiums and gronnd rents. I.ender may�ot charge for so
<br /> holding and applying the Funds, analyring said a000unt or veritying and compUing sald assessments and bWs�ualess
<br /> Leader pays Borrower interest on the Funds and applicable taw permits Lender to make such a charga HorrovNer and
<br /> Lender may agree in writing pt the ttme ot ezecuNon of chis Dced of Trust tLuit lncerest on the Funds shall be pcid
<br /> to Borrower,and uNess such agreement is made or applic�ble law requIres such Interest to be pxid,Lender shxll n�t
<br /> be required to pay Borrower eny intcr�st or earniags on the F�nds. L.ender shaU gtve to Borrower.withouc rJ�uge,
<br /> '�- an Annual a000unting of the FUads sIIovviag credits an6 aenita to ciia F'iwds aad thc purpc�sc ivr wLii:n cuw a'.�it t�
<br /> the Funds was made. The Funds are plodged as additional aecurIry for the sums securoa by this Deed of'IYuse.
<br />- II the amount of tde Fhnds held by Lender,together wiW the 11�ture raonthly installments ot Flwds payable prIor
<br />-_- to the due dates of texes,assessments,insuranoe premiums and gouad rents,shell ac�eed the amount roquired to pay
<br /> -. � satd taxes�a��essmcnts, insurauce premiums�d ground renta as they fall due,such�n�ess shaU be, at Hor[nwec's
<br />��.... . opdon,etther promptty repaid to Hortower or credited to Borrow�er on mon4hly installmann of Funds. It tLe amount
<br />��''•' of the�nds held by Lender shall not be au�clent to p�y taxes.asseasments�insuranoa pnmIums and gooumd nnts
<br />'�'���� ~.�.�,� � as thry fall due,Borrower sh4ll pay to Lender eny amount neassary to maka up the de8dency in one or more
<br /> - '.. .. payments as Lrender raay require.
<br /> ' :,.;� Upon payment in fuU oP all sums secural by this Dad of Tr�st,Lender shall promptly nflind to Borrow�er�ny
<br />�"��-;�,-t`� Ftimds held by Len3er. It under paragraph 17 hereof the Pmperiy is sold or the Properiy is otheiwtse aoquired by
<br /> �"" '' Leader,Lender shaU a no laur than immediatel nc�r to the sale of the Pro or its uisition Lender,
<br />'�.=-`':��;�.�, PP�Y• Y P� F��Y �1 bY
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<br /> ;;u�:,.,:.�;�. any F�ads held by L,ender at the Wne of epplicatioa as a credit against the sums aceured by this Doed of �
<br />__:;-:,,��- 3� Appiicatba o[Paysmts. UNess appllcable Iaw provides otberwtse,e1t Pairm.ants realved by Lender uader
<br />–�.`���7�•• . the Nou and paragraphs 1 and 2 hereof shaU ba applied by Lender 8rst ia payment of aniounts pa}rAble to Lender by
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<br />��,y;�;4�.:, , Borrow�cr under Paragraph 2 hcreo�then to interest payable on the Note.and thea to t6e prindpal of tha Nota
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<br /> -- #�- 4. pdor I1�Iori�es�od Dood�of TYu�(1s:�;I.ieo�. Borrower shall perform atl of Bunawer's oblIgations
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<br />=��;'':•. under eay mortgage,deed oP uust or other security agreement with a ticn w6ich has prioriry aver thL4 Deod of'lYust,
<br /> i�:���M�; fl� inc1uding Borrawer's vovensnts to make payments whea dua BArrower shaU pay or c�use to be paid all caxes,
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<br />.�.- assessments and other cLarges,fines and impositions ataibutable to the Property which may atWn a prIorlty o�er tids
<br />=ry,�,�':"�:;'. • Deal of'lYust,and leasehold payments or grouad renu,if any.
<br /> �;�;;�t�+!:;��° S. flaard I�suranoa Bomower shall I�eep the impruvementa now existing or hereaRer e[ected on tho Proporty
<br /> _.;���.';{�w�� , iasured against loss by flre,harards included within the term'extended ooverage'.and such other ha�cds es Lender
<br />_ '�� -� ,�i ; may require and in such amouats and for such periods as Lender may requtre.
<br /> T6e insurance catrier prov(ding the tusurance shall be�hosen by Borrower subject to approval Hy I.ender,pmvided,
<br /> • that such approval shall not bc unreasonably withheld. All insuranoc polictes and reaewals thereof sdall be in a form =
<br />= acccptable to Lender and shall include a standard mortgage clause in favor of and ia a form aooeptable to Lender. =
<br /> Lender shall davc the dght to hold ttte pollc[es and renewals thereot,subjc,�t to the terms of any mortgage,deod of K
<br />_, tnut or other secudry agreement wlth a lien w�ch has prlority over this Deed of'IY�s� `-
<br />- E In the event of loss,Borrower shall give prompt aotice to the insurance carcIer aad Lender. Lender may make �'
<br /> , �� �� proof of loss if not made pmmptly by Bortower. �
<br /> If the Property is abandoned by Bonower.or if Borrower fails to respond to L,ender within 30 days from tbe date �-
<br /> ..,,, f nodce is mailed by Lender to Borrower that the insurance carrler offers to setde a claim for ins�rance bene8ts.Le,nder �
<br /> �` is auth�rized to oollect and apply the insurance prooeecls at Lender's option either to restoration or repair of the i
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<br /> • Borrower s6all keep the Property in good repair and shall not oommit waste or permit�tmpairment or detedoration =
<br />_ of the Property and shall oomply w(th the provisions of any lease if this Deed of Trust is on a IeaseAold. If this Deed _
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<br /> NBBRA4ILA�ECOND M0121Y3AOB-1/80-PtVYA1[+1ilJIC UNIPDRIt IN3IRUMffifT Fat�36?d
<br /> a�..�s�.��uk ceoo�«suaz Page 2 of 5
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