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<br />„n,.:,�,.-�� 'I'OGl?'1'HLR with dl tho impruvemente now ar hereaitor erected on the prc�pecty. and +►11 easomente, g te. _
<br /> a,;�_�,.,.,� , appurtensncea end rente (eubject hawever to tl�o righte and authorities givon herein to I.ender to callect end npply such �_
<br /> `����' ronta),ell af which�h�ll bo deemed to ba end remein a part of the property covered by thls Deed of Truat;end all oi tho
<br />-�`:4_�'.,�.
<br />- . � tureQois�g, to�eti►tr with said property (ar the leasehuld ostate it thie Deed ai `I'ruet is on a leasehold) are hereins tor
<br /> � �',�� � retcrred to aR the"Property."
<br />..='`+���j+� &�nower covenanta th�t &�rrower ie lawtully neised�i tha estata hereby canveyed and has the right to grant and convoy
<br /> r"�"��` the Property, and tfiat the Property ie unencumbere.�l oxcapt for encumbtnnaes ot rxord. Borrower covenente that
<br /> � Barrawer warrants and will defond generally tlte title to thc L'rop:;cty Against all claime end demands, subject to
<br />""���� encumbrancea ai record.
<br />�r UNIFORM Cfl'VENANI'S.Borrower and Londor covanent and agree as tollowe: =
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<br /> '�+��'� 1, Paymeat of Principat �ad Interest. Fsorrower si�alt N;����Y.;� ,n.; ::�han due thw �+rinaipal end interest
<br /> �:�arr��
<br /> --r,. ... � � indebtedness ovidenced by the Nata, including any varintiono resulting from chnn�es in the cor►tract rate, and other
<br /> ;" ;:..,.;�, charges as provided in tho Nato.
<br /> .`, �:'' �. Funds for TaYes �ad Ineurance. Subject to applieablu law or written cvaiver by Lender, Borrowar ehaU pay to _
<br /> ;'�:�;.;r� I.ender on the day monthly paymonte of principnl and intetcst ane paYoble under the Notc,until tho Note ie paid in full,
<br />;"u��� n sum (herein "Funds") equal to one-tweitth of the yearly taxas gnd asse�mente(including condocninium end plenned
<br />_''_�T� unit development assessments, if any) which may attain priority over this Dad of Trust, end ground rents on tho
<br />�3h PCQPC3•y. if any, plus one-twelfth ot tha yearly premium installmcnta tor hizard insurance, plus ono-twelfth of yearly
<br /> --"-'"''�':_ premium ir►stalimente for mottgage ineurance, I! any, all ea reasonably estimated inidally end irom time to time by _
<br /> -�'� Lencler an the bssis oi asse�ments nnd bills end reasonable estimetes thereai. Borrower shall not be obligaud to mtke
<br /> "w"�''��' such paymente oi Funds m Lender to the extcnt th�t Borrower mnkes euch payments to the holder of a prtor mortgage �
<br />'�`';��� or ddod of truat ii such holder is ari institutionel lendet.
<br /> -��'� �� Ii Borrow�r pays Funcla to Lender, the Fwids ehall be held in an institutian the de�osits or accounta of which are
<br /> �:.�_;�•�-
<br /> --:�y,,i�, insured or guaranteed by a Fedetal or etate agency (including Lander if L�►der is such an it�stixution).Lenda shell apply
<br />�:i�.y the Fnnds to pay eaid tnxes, asses�ments,insurnnce premiums and gcound rents.Lender may not charge for e�o holding
<br />,�';�_�-n nnd applying the Fundo,analyzing said acwunt or verifying and compiling said assessmente end bills,unless Leader psys
<br /> Borrower interest on the Funds and applicable law permits Lender to meko such a chacge. Borroaer and I.ender may
<br />:-;���� egree in writing at tha time of oxecution of this Dad oP Trust that interest on the Funds ahall be paid to Borroxer.�d
<br /> _V.;;�-.�-�,�� unless such agroement is made or applicable law roquires auch inurest to be peid, Ltader shall not bo roquired to pay
<br /> --�;;��� Borrower any interest or earnings on the Funds.Lender efi�ll give to Borrower. without charge,an annual accounting of
<br /> - ---�� the Funda showinR crodits and debits to the Funds and the purpose for wluch each debit to the Funds was mnde.The
<br /> --�—w Funds are plalged ne addltional security for the sums secured by this Loed of Trusi. °
<br /> ���rL���� It the emount of the Funds held by Lendec,together with the tuture monthly instal(nnenta of Funds paytble ptior to
<br /> �� -- tha due dete:s of taxes,assessmenta, ineurnnce premiums and ground nnts,shall e:ceed t�he amount roquired to paY eaid
<br /> --- taxes, assesAmente, insurance presniums and ground rente as they fnll due,such excess shall be, et Borrowere optioa,
<br /> either promptly ropaid to Borrower or creditod to Borrower on monthly inetallments of Funds. Ii the amount ot the
<br /> Funds hald by Lender shnll not be aufficiant to pay taxes,assessments,insurence premiums and ground rents as�hoy fall
<br /> due,Borrower shall pny to I.ender eny amount nocessary to mnke up the d�ficieacy in one or more psymenta ie I.et►der
<br /> may require.
<br /> Upan pnyment in full ot ell sums sa:ural by thie Iked of Trust,Lender ehall promptly refund to Borrower any tunds
<br /> held by I.ender. If under pai�agraph 19 hereot the Property ie sold or the Property is othaxise acquirod by La►der,
<br /> Lond�r shell apply, no laur then immodiately prior to the sale of the Property or itn acquisition by Lender, u►y Funds
<br /> held by Y.ender at tho ttme of application sa a credit against the eums eocured by thls Deed of Trust.
<br /> 3.Application of Paqments. Ualess applicable law provides otherwise,nll paymente received by I.ender under the
<br /> Nou and paragrapt� 1 end 2 hertof shall be applied by I..ender firet in pnymoat o4 amounte payable tv Lender by
<br /> — Bonower under pnragrnph 2 hereof,thcn to interest payable on the Note at the appliceble contraat rau,and then to the
<br /> principel oi the Nou.
<br /> -=_°�'� 4.Y'rior IUfort�agcs and Dencl�u�f 'I'rust; ettarges; Litns. A�rrower ehwll perPorm all of Bornower's obligatioas
<br /> under aay mortgage,deod of trust oc other eocurity agroement with a lien which has priority over this Deed of`1'rust,
<br /> including Borcower's cflvenants to make pnyments when due. Bonower ehell pnY or cause w be peid all wtes,
<br /> easeesmente and other chaxges,fines and impositiona arnibuteble to the Property which may attein a priority over thie
<br /> Dad of Trust,and leasehold paymentc or ground rent�,ii any.
<br /> 5.Haa�rd Iaaurance. Botrower shnll keep the improvements now axistxng or heteafter ereatul on the Property
<br /> -� insured againat loss by fire, hazards includai within the term "extcnded coverege�"and such other hazerds es Lender
<br /> - — may roquire and in such amounts and tor auch periods ae I.ender may require.
<br /> - --= The insurance carrier providing the insuranc� shall be chosen by the Borrower subject to approval by Lender,
<br /> "'-_`°"-- providod,thnt such a p proval shall not be unreas�nably withheld.All insurance policies and ren�wals thereoi sl►all bo in a
<br /> ----- form acceptable to Lender and shull include a standard morigago clause in favor of nnd in a iorm accepte b l�to L e n der.
<br /> �=�� Lender shall have the right to holal the policies and renowals thcrcof.subject to the tecme of any mc►rt�n►ge,deod oi tn�st
<br />— or other security agreement with a lien which has priority over this Deed ot Trust.
<br /> -�;:�� In the event oi loss, $orrower shall give prompt notice to the insuranCe carrier and Lendor. Lender may muke proof
<br /> ..:.��.g.,i,.
<br />,�;'s,_„�,��� - of loss ii not made pmmptly by Botrower.
<br />-.��:.;;;`;j- , Unless Lender and Bonower otherwise agcee in writing,insurance pmceuls shall be applied to restomtion or repair oi
<br /> - the Froperty damaged, if the restoration or repair is economically feesiblo and Lendor's security is not lessened. If tho
<br />�x�'��.'_ nstoration or repair is rtot ecnnomically feasible or Lender's aecurity would be lessened,the insurance proceeds shall be
<br /> •, n_ re
<br />_-`�'^`�=-�°� � appliod to the sume secured by this Security Instrum�nt,whether or noc teen due. Wisn nny�xc��►� w .r..:•.��• ••
<br />--'"�"�`�`�� Bortowet abandons the Propercy, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> ��`-~ �b�' o f f o r e d t o sattte a claim, then I,ender may collect the insurance proceeds. l.ender may uso the proceeds to repair or
<br /> -- '-.°". `�• riod will
<br /> }�� �, ti restore the Property or to pay sums secured by this Security Instrument,whether or not ihcn due.The 3o-day pe
<br /> :`':4.��'�_; _.:,r begin when the notice is given.
<br /> e��t, . • • If the Property is abandoned by B�nawer, or if Borrower fuils to respond to Lender within 30 days irom the clate
<br /> notice is mailed by Lender to Borrower that the insurance carrier oifers to settlo a claim ior insurance benetits, Ltnder
<br /> :'P'; , is authorited to collect and apply the insurance prceeeds at l.ender's option either to restoretion or repair ot the
<br /> `' ..-� i• Property or to the sums secured by this lleed oi Trust.
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