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'� ' " ' •..:l�r.y�l�i . � - .•` 4 �:-'L. _.�-��` ----- t_, 1 r' t +-,.7: i'. 7,{; iS` ;� �_ . . ... � _::-a -l.�yn�.�.+e.f, - t. }4�.�r� :r,...�...,�. - • . i . � �T . ��{.t`V�N.�w C.•K�A. ' . � " ��._. _.—'_ ' ° _ ap./R't� . , . •- 3;°'•'hL.Y�l16�1..w.�n." - —.� — __,�L�, �!ii7.'•'t'S11{�M1'�'T.':"*''s--�---°�• . . 101399 09/1S/1997 CINDY NtTI,ItRX `�i� U[�IPORM COVBNANT'S. Borrowcr�nd Leudu covenant t�d t�roe�e follo when duc the p=inct �� 1. PRymeat d Princlpal aad Utae�t. Borrower shall promptlY 1�Y indebteda�as evidenccd by the Note uid lttc chu�w as provi��writtea w�ivcr by Leatkr. Bomawer ehill p�y to Z.I�tind��or Tucq�ued I��uae�ce. Subject to aPP �blc ut�der tbo Note. liadl tLe Note L pafd ia iWl.R I.ender on tbe dry rnoatlilY Wrymeau of pdacip�l Rod fdecrst�re P�Y sum(bcrein'Fuads')e9ua1 to one-tweltth of�hc Y rio�ov �of Truat. aad�round reabu oa the Pm�petty�,if develapment Rssasments.!f wy) which wy atl�in P tY rctnium in�tallmeata anY.P1�9 o�-twelft2�of yculy prcmium iast�llments for ba�tA iasurance,plu9 o�-twelRh of yeuty p r for mort�e insurance, if u►Y� all a� rasonably estlm�ted lnidillY wd froju time to dua by l.endcr on�s of Fuads �seeasmcnts tnd billa iud rasonabie adu�tes thereoments w tLe holder of P��mo��BQ o�r do�of uust if sncb holdec to L,eader to tLe eat�ot thtt Borrower m�ea svch WY is�a lnsdcudonwl lc�er. if Borrower p�ys Funds to I.e�er. the Fua�ds sh�U be held ia an iasdtudon tho deposlts or accounte of whiclt are ins�ued or�uaru�teed by a Fakral or sta�,gexy(includiW Lender if Le�er is such tn insdtudoa).Lender ahaU�pp1y tbe Fuads to pa�y said tues.a�smeiMS.insurmce Premium9 and�rnuM r�nte. Le�er�y aot cls�tr�e for eo haldin�and �PNY�E �Fnnds,an�lyztn8 said�ccount or verlfyIn� and compilin�said asseasmeate nnd bUls,ualas I.ender psye Botrow�er i�xemt oa the Fu�la snd applicable kw pernilts Leader to milce such a chu�e.Bormwar and Lender miY+�ne ia wiitin��t tbo ia�me of execudon of tfiis Dad of Tnut t�t interest on the Fw�da siWl be paid to Borro�+��w�er such a�roement is rnde or applicable law caluires svch interest to be piid. Lender stull mt be aa]Iu�uod �f the FuMs any ioterau or a�in�a oa the Funds. Le�er s�ll�ive to�whisl��ach debictw�tho Fiwds wss m�ide.'�Iho F1i�ue s�wwlas credits�wd debita� to �he F�nds �the puzpc+9e - pled�ed u sddltiontl securiry fot tLe svms sxured by tCts Leeu oc irrz� If the imaiu3 of tbe Fuads held by Lender, wge�6er wlth t!�E�nionthly insttllmeuts of]Fnnds WY�P�or to tbe dne datac of W�es,asses�mcds.iasuran�P��uta� awd�a�m.s,shall ex.,eed the aauo�ux�sex�ttired W psy said a�es, assessauents.la5unme�+renntums and gmw�d rents as they fiU�laa:,sum e;ass sh�ll be, as�amnwcr's option, eitb�er PramQelY�id w Borrmvts or credlted to Borroaver oa moiuhly i�metns�?�Fuada. If t�he�►mo�ttu of tl�e Funds held by Lendec stnll mt be�ufficient w psY qu�es. �ssessments, insur�nce Pt'��m9 and�raund �ts�s tbe8?�Dl due. Hormwar s1utU pay ro Lender any�mount�ecessuY w m� uP the deflciency in cu�e ar mon payments as Lentlrs mry �9�• trfuud W Bonower any Funds Upon p�yment in full of�li su�secured by this D�ai of T:ust.Lender shall lu+omptlY Leld by L.ender.If under par�aph 17 heteof the Prop�tY�sold ar tUe Pr�op�rtY is othenvtse acquind by T.ender,Lender sha11 apply, m latlt thtn immDai�atelY Priui :a ti�a �.tc�f sha PragtrtY�*iu acm�isidon by Lendec�aaY Ftwds held by I.�nder u d�dm�aP applic�don�s a credit�siact tbe sum9 sec�ed by this Doed of Ttust. �ved by Lendec wder thc 3.A�loeNfln ot Aa�. Udess applic�ble ltw pmvides odroiwlse� ��P�Y�Ie to Lendet by Botrowef . Note�t�oA P�P�1�ad 2 henof shail be applied by Lender 6�at u►paya�at of the Note. ttnQer p�ra�2 bereof,thcn to iateresc Paq+ble oa the N U�. Bormwer stull perform�ll of Bormvrer's obllgaduns 4. Pelor Ma�t�+� aa�i Dee�ot Tnrti ��3 undec aay mo��e� dood of ttust or aher secutitY�ram�t witb�llen which lus prIorlty ava thte Dad ot Tn�ec. i�ludic�Ho�ttoure�'s covea*nts w mtke PaYments when due. Horrower sbaU psy or awae to be paid dl nxes.�ments �nd otLer charges.�na and im�oddons utribut�ble w the PropertY wWch u�sy utaia a prlorIty ovec ehis d)eed of Tius�. �nd te�sehold pty�ts or�mund n�s�if my. S. Awnl Irwr�na. Bocrower stull 1caP the imFrovements aow exisdn� or hereaRer eratod on�e � iasured a�iffit lo�t by St�e�luratds included within die urm 'extendod covera�e'. �ad�uch othes��dt as L�ader am►y tequire and In s�cL�mounts�nd for such Periads av Leader msY requin• Tha insann�x c�riier provtdin�the lnsunace sh�ll be chosea by Bormvrer wbject to�ppmval bY Leader;Prm►Ida1, thaat such �ppcm►al�U not ba umasonibly wlthLeld. All ins�uaaoe Pollcies�nd renew�ls thenof �Lender t cLuse in favor of and in t form a�ocapt�bk acceptable to I.en�kr and shdl ivcWde s stand�rd mortQaBe shtll have tLe rlgbt to 6old the poflcles aud renewals thereof.subjxc w the terms of iny mort�c,deod of wst or odxr eecurtty a�reemcnt wIth a liea which Ws prlortty over this Deal of T�ust. In the evens of lo4c. Honower si�ll�i�►e Pmmpt mdce eo the incucanca cuder u�d Lender. Leader a�y m�lce pcoof of Iosa if�ot m�de pmml�tlY bY Borrow�er. ��3p d�ys from the d�e If tLe PmPeny' is ab�ndo�d by Boitower�or if Boaowec fiils W respo aodce is mailed by I.eadsr to Bo:rower thu tho insiuu�ce aurler offe�w seale�cWm for iawr�ce beneSb. Leader i� wdwrlud to coLac�nd�pply tine ins�r�nc�e prnceuls u Lcnder's opdon either w�atoruion or np�ir of the Fmpaty a w the sunn secured by thia Dxd of Tncst. i. Prda�►ation and Mal�ea�n�ce d Propet7i 1�d�i Coodomidums; Plaone� Udt D�elopm�ati. ��u��p�rty��ir�nd ahaU noc commit waste or permit imp�imsent or deteriondon of tl�e pmpecty ud aha11 comply wlth the prov�sioag of any lease if this Dad of Tnut is on a le�x.Lold.If tbis Dad of Trust is on a unit in R co�ominium or s pimm!unit developmie�t,Bonowtr sball perfomn�ll of Boaow�er's o6liQatio�under the � declustlon or coven�nts crauing or goveming the condomiaium°r plumod unit de�'elopmem,the by-Lwe�ad ngul�doa4 — of tlse co�omiaium or plwned unit d�welopment,anl constttvint documents. ca�eaiad ia thie — 7. Protection ot L�nder'� Sectnit7. If Horc+ower fdl� ro perfocm the covemats wd �C'oemwts Deal of Tcust�orif�ay acdon or pmcadin8 is conomenced wl�ich tmte�iaUy affxts Lender's intemt in tbe Pm�perty.thw — Le�ler. u Lcnder's opdon, upon naice to Borrower� may m�e such apparmces� dislwc�se auh �. including — rason�ble aaorneys' fas.nad qko such acdon as is nocess�ry to pmtoct Lender's intenst. If Leakr ccquind mort�e _e..�� n..r.,....��f..t1 .ru *tM nr'mintn4 rmultied tD -- inwra�e as a condi8on of maldng We lwn setu�ed'oy o,is ,i,c�u v� .�w..aiv........ v�..r-� ^r-- ---.— -- � mtint�in such i�utance in effect undl such time as tt�e requirement for such iasvrance tetmintices in aocordince with � Bocmwer's wd I,ender's written agrament or applicable Lw. 7.with interest thereoa�at the Note rue.shaU become :� Any amo�inq disbutsed by Lencler purswnt t�this purs8c�ph :- addi;doml indebtods�ess of Bornow�er sccured by this Deed of Tzust.Unless Borrowcr aod Lenier�ra t�f. N of °.-"' piyment, y�uch �mounts slnll be payable upon mttce from Lender to Bonrowar requ�tin�PaY►�e °��8 `;� conuined in th�s par�c�ph 7 st�ll raluire Lender to incur any expense or t�ka�ay�cdon hem►oder. S�. A. Inspeatton. Leader may m�ice or cause to be mack rasontble emuiea npon �wd inspadoffi of tLe Propaty. `�� pmvidal t�t Leuder shail give Borrower nodce prior to my such inspecdon specifYinB reuonible ause tlunfor reLted m — I.ender's lntecest In the Peoperty �o Ncemta 26a1a3 7q7 GriQiaal(Raaordad) Cupy(era.nah) Copy(Cu�to��r) PaQo 2 oi3