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<br />- �� � TO SEC�IR� to l.ender the repaycncnt of the iadebtedness ���dd ex enaion�and rnew�la thereof(hcrcin "Note"), !
<br /> AUC3UST 2 9, 19 97 ,with interest thereon, provlding for -- _
<br /> '`�i` ''�' !n die principal sum of U.S.S 3 2,0 0 0 .0 0
<br /> r�-� - � �� monthly inst�llmenu of principal and laterat, with the balance of the indcbtedness, if not xooner paid,due and payablc --
<br />�3 on SEPTEMBER g, 2022 :the pxyment of all other sums, with Intere�t thereon, advanced
<br />=�7,;-.� d.� ia eccordance herew�th to pratat the securiry of thie Dad of Trust; and the perfomu:nce af the covenants and _
<br /> ap{rexments of Bcittower hercia contained. �
<br /> . ;.-� Boao�ver covenauw tl�at Borzov�cr is lav�ftdly selised of the estute hereby convcye�as►d hae the dght to grant and c
<br /> • .�:,;�z�+� convey the PropeatY. and thet the Property is unencumbeced� ezcept for encumbran:ea of record. Borrowet wvenants
<br /> that Bonower warrants and will defend generelly the tltle to the PcopenY against all claims and demancls, aubjecc ro
<br /> � encumbrances of record•
<br /> �„ UNIFORM COVBNANTS. Iloaower and Lendcr covenwt and a8�a�WbeaWdue the princlpal and lnterest
<br /> . ,� 1. �y� of p�� � Inte�st, Borrower ahall promptlY P Y _
<br /> indebtedness ev idenced by the Note and cate charges �i�led w o sewrltt weivor by Lender, Borrower sl�all pay _-
<br /> 2. F+und� fa Tues�od Inwnaooe. �ubject w aPP
<br /> -'�� � co I.eader on the day rtwnthly paymenta of principal and ieRerest uc payable under the Nou, until the Note ie paid
<br /> �:' .".`. , in full.a sum(herein 'Punde")alual to one-twwhich ma attaia priortty ver this�Deed ofTrust aad Broundirents on
<br />_ planned unit devdopment assessments, if any) Y
<br /> '�M`4 ..� lus one-twelfth of yearly premium instalime�►te for hazard insurence. plus onatwelfth of yeady
<br />�ai•; .. tF�e P:. e�y�if any,P
<br />=i`'�" . • �n�:� installme�ts for mortgage insuraace, if eny,all as nasonably esttmated initially and from time to time bY -
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<br />_ ,�.';�a . Le¢des an the basis of assessments and bills a�d reasonabEe estimates thereof. Borrower shall not be obligated to
<br />" ��� •�`:• . �� �,;rb, paymeacs of Funds to I.ender to the extent that Borrower makes such payments to We hoider of a prior
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<br />,,. .. r ,,;;;;}:: cr,Q�gage or dced of trust if such holder is an ins d t u t io n a l l e n e r. _
<br />-':'.'. ,..;•r�,=r���- Ig Borrower pays Funds to Lender,the Funds shall be 1t��ld in an insdtucion the deposits or aocounts of which are
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<br />=r�,�f,:}',:,�,.: ;r.� ,• �� or guaranteed by a Federal or stau agency (incluc3��Lender if I.ender is such an institution). Lender shall
<br />-• ,...,.��:�� l. 8PP1Y�e Punds to pay said taaes.assessmen�g. 8nsurance ��emiums ai►d ground rents. I.en�er mny not charge for so
<br /> 4;� }�,�j�� l in tfi�e Funds. analyziug fY
<br /> � '' st�� acr�uat or veri iag and compiling said ass�nts aad bWs.ualess
<br />% � '" � � holding and aPp Y B
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<br />��]'��� :;t� Lendet pays Bonowec interest oa the F«ncls amd applicable law permits Lxader to maks such a cbusg�c. Borrower an
<br />��.�;���}�,�. , Lender may agree in wri t i n 8 a� ¢9�E ti� of ex�udon of this Deed of Tmst that interest on the Funds shall be paid
<br /> �; to Borrower, amd unless suc h agr e e m e n t i s m n z a Y o r a p p G c a b l e l a w r e quires such interest to be paid.T.end¢s s t►a l l n°t
<br /> ;';i"�,•;�:y�' , be Toquirod to pay Forrowcr any interest or e�cnings oa t6e Funds. Lender shell give to Borrower. wlthout charge,
<br />�:� � �uat accounting oi ii�c Fu�ds s�o�.'�sS czdlts an�!dPhita t°the Faads and the purpose for which e a c h debtt to
<br /> the Fuads was made. The Funds are pledged ag additional socurlty for the sumr socured by this Deed of'ltust.
<br /> ���q���� If the amowit of the Funds held by L.eader. rog�thet with the future montWy installme°ts of Fuads payable prior
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<br /> __-�� to thc due dates of wces,assessmenta, insurance premiums aad grouad rents. sh�U excad the amount req to pay
<br /> �K.g,�ad sa�d taxes,esse,ucrients. inaurance premium+ and ground rents as they fa11 due. such exceas sh�ll be. �t 8orrower's
<br /> —°°� _�� option, either prompcly apaid to Borrower or credited to Bomower on monthly instailmente of Fuads. If the uraunt
<br /> --= � of the Fundt b�ld by l.ender sh�ll not be sufficieat to pay uxes,assesammte.�i`unu��CP�c� ��y�o�� �T�
<br /> -_° ,_=��=��� as they fall due� Borrower shaU pay to I.ender aay amouat necesauy
<br /> ____ . . ----- , pay�nts u i.endec may requ[re. reAwd to Borrower wy
<br /> - = -�.� Upon pry�nent in full of vl swbs secured by this Dxd of Trust.LeAder ehdl prompclY
<br /> 9 Funds held by Lender. If under paragrapb 17 hereof th� Peoperty ie sold or the Propeor ita e�cqui idon byuLendery
<br /> ,� I,ender. I.ender s6ill apply,no l�ter than immediauly priar to the sale of the Property
<br /> � any Funds held by Lender at the tizae of applicuion a�a ccedit againsc the suuu secured bY chis Deed of Trust.
<br /> � .� 3, pppiiatioa of Pryn�eats. Unless aPplicable law provides otherwise. all paya�eats receivod by I.endcr uader
<br /> _�� -s�� . the Note and puaBcaPhs 1 and 2 henof shall be applied byLender first in paymeat of amounts payable to Leader by
<br /> � gorrower nada puaSnPh z heroof,the° t° iaterest payable on the Nou. and then to the priucipal of the Note.
<br /> -------- 4. Fiior Moit�a aod Deods af Txma;��a�L3m�. Bormwer shtll pedorm all of Borrowrr's obliguions
<br /> _ _ __ -- � undet any mortgage� dad of trust or other sceudty agrxma►t with a lien which hai priority over this Deod of Trust�
<br /> � includiqg So:[ower s covenaats to make payments whon due. Borrower shall pay or cause to be paid ali taxes,
<br /> - -_-=�':� �ss�sscneaW aad ot6er chsirges,fu►es aad imposidons amibutable to t6e Property wl�ich may su�1n a prlorlty over this
<br /> �,�.� Dad of Tnisc,and leuehold payments or grouad rents, if any.
<br /> 5. � ��ur�ooe, Borrower shaU keep the impmvecueats now existing or hereatter erected oa the Properry
<br /> ��i� insund against loss by fire.hazards included within the term "exteaded coverage".and such ot�er bazards as Lender
<br /> - �� �Y�9� and in such amounts aud for such periods as Lender may require. roval by I.ender;Provided,
<br /> ���� '!he insvr+nce carrler providing the insuranoe shall be chosen by Borrower subject to aPP
<br /> -==����� withheld. Ali insurance policies and renewals thereof shall be in a foim
<br /> �=-�.°wY�= that such ap�mval shall not be unreasonablY
<br /> =�''�'�'"' aoceptable to Lender and shall include a scandard mortgage clau,e in favor of aad in a form acceptable to Lender.
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<br /> �� • I,ender shali have the right to hold the policia and nnewals thereof, subject to the ternu of any mortgage, deod o
<br /> °±�':"�'���., ' tnist or other security agreement with a 13en which 6as pdority over this Decd of Trust.
<br /> �`s� :, �'` Ia the evrnt of loss, Borrower shall 8ive prompt uotice to the insurance carrler and Lender. I.ender may u�ake _
<br /> n� '� . .�3. prouf of loss If not made promptly by Borrower. �
<br /> ff If the Property is abandoaed by Borrower,or if Botrower fails to respond to Lender wittiln 30 days from the date
<br /> _ � : ,.�. � notice is mailed by L.ender to Borrower that the insura�►ce carcier offers to settle a claim for insurance benefits.Lender -
<br /> is authorized to collect and apply the insurance proc�eeds at Leader's option either to rescontion or repair of the
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<br /> • - i propercy or w cne sums sa.�uicu ���•� .,.,.... -- ----.. _
<br /> - ' . �', �- ' of PcoQeity� LaseLolds: Coodo�m�n��s: �1�0OBd Unit Devdopmeau• _
<br /> j-1=.. •'+ � � 6. Pte�etvat�on aod Msi�enme�e _
<br /> � Borrower shall koep the Property in 800d mPa�r and sliall not commit waste or pemtit impairrnent or deterioratioa ,_
<br /> 4 with the pmvisions of any lease if this Deed of Trust is on a leasehold. If this Dced _
<br /> • of the Property aud shall oomply -
<br /> . ' i ut�mo�t u�scatlemxr FO1ID� _.
<br /> Id�RASYASECOND MORT(3AClE•1/80-F1�YW� Pag�2 of 5
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