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<br /> � � `� "�� �°- 1t��►'�01 . . . �pA�ea ors� - _
<br /> � ., ", ��: TO(}ETHIIR with ell the impmvemente now or hereafter ereoted on the property� and nll easementt�, rightia, � ' �
<br /> � ::�. appurtenanaes enrl rente(subject however w the rights und nuthoritles Biven harein w Lender to collect and c►pply 6uch E.
<br /> "' • . � . eente��nll ot wh�ah ehall be deemed to be und remain s.part of tha property covered by thia Deed of Truet;end nil otthe €
<br /> 4oregains, wgether aith satd property(or the lEasehold estete if thia Deed ot Trust ia on u feasahold) are hereistetter F_
<br /> , � •' , refecred to ae the"Property." � � �
<br /> - --��--Y $orrower covenanta Ehat Borrower ie leatully seis�ed oi the estete hereby convc,yut end has the right to grsnt and convay �
<br />_ �'�' ,.. � the Pmpetty. and thut the Property Is unenaumbered except ior encumbraaces of record. Horrower covenants that ;-_
<br /> � • Dasmwet annanta and will dafend generaliy tha`t'stlo to tha Property egainst oll cla�ms and demands, eubjeat to -
<br /> �. .. �� encumbrnnces oi record. � � � _
<br /> -�-�' iJNIFORM COVENANTS.Borcower and Lendec covenant and agree as tollows; -
<br /> -,�.���� 1. Paymeat oi Pela�cipal and Interaet. Bonoaer ahait promptly pay when dua the principat and lcnarest
<br /> „ . � indebtedness evidenced by the Note. including any variations resulteng from changes in the contract rate, and other
<br /> " ; charges as providod in the Nota.
<br /> � � 2. Fuads fos'Il'aa¢s a�d fimsr�raaee. Subjeet to applieabie lacv or crritte� cvaiver by Lender. Borrower shatt pay to
<br /> Lender on the day mmnttily paytu►ents ot principal and intereat are g�ayable tcmdee the Note.undl the Note is paid in tull,
<br /> ` a sum (herein " °D�L'�ane-rneHth of the yeady taxes and a�essnnenu(imc9udiaeg condominium and planned
<br /> �t_ unit developmemt��ments;�iP any) which may atta�n pdority over this Ik�ed off Trust, rarrtd ground renta on the _
<br /> �, Property, it any. pl�es mne-twelfth oi the yearly premium instellments for hazard insurareco.pflvs one-twelfth ot yearly
<br /> �ium installm¢rass 4or mortgaga insuranoe, it etty.ell as reasmmably estimated inttielly and from tiaY►e to 6rne by
<br />-- �� I�nd.e�r asa th�basis oi assesscneants and bills and reasmnabIl�estimates thereof. Baarower shall tnat be ob➢n�t�cl to make _
<br /> � � such poymenEs ot Funds to Lx�e�er to the estesit that ]Bnre�awer makes such paymemts 4o tfi�e hobdar o?a�peimT mortgage
<br /> or dced of tcust i4 svch holdar is:an institutional lender.
<br /> �_ If Borrower pays k�unds to Lender,the Funds shall be hetd in aee 9�.t�tution tha depasits arr accounts of ahich are -
<br /> : ;�:,4, ,, • insured or guarantee�A by a Fed6r�l ar state agency(including I.endsr i�L�nder is such an institution).Lender shdl apply
<br />�.:��.t'•�• � the Funds to pay said tases,ass�asments. insurance premiume and ground rents.I.ender may not charge for so holding
<br /> :pR.-��'�`� end applying the Funds,analyzi�sg eaid account o'r verifying and compilit�said as:+.:asments and bills.unless Lender pays
<br /> Bomower iaterest oan c!►�Furids and applicabla law permits Lend�a ta� make such a ahacge. Borroaer and Lender msy
<br /> `° ��� agcee in wdting at e�n�time of eaecution oi this Ueed of Trust that int�re�osi the Frmda shall ba paid to Bprrower,ead
<br />�=•�� 1 ' unless sueh agreement fs made or appiicable law requires �such i►1ter�sc to be paid, Lender s6a11 aot be reqoiscd to pay
<br />_=;��-�•_'•: Borrower aay interest or earnings on the Funds.Lender spnall giva to Borrower.without charge.an annuaIl acoounting of
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<br />=:.-•,€:_._.�.. tha Fttnda showing credits and ctebits w the Fuads acid�n,��urpa9a for wluch each debit to the Fureds �vsas nmad�B.The
<br />"=-:�'x?�� Funds are pledged a�add{t�onat security for tha sume sooured by this Deed of Trust. . ,
<br /> �`" �' " If tha amount o4 the Funds held by Lend�r,together with the future monthly installments af f'wtds payable pria to
<br />�;�';;��:�� the due dates of taxe��essesameMs. insivaac�premlums and ground rente,shall esceec�the amount required to psy eaid
<br />--`'t`'�t '�' ' tages. essasmentA, snbvranca premiums and growtd rents as they fall dva. such eaoes.s ahall be,at Borrower'soption,
<br /> �:����
<br /> °� ���,� , either gromptly tepadd to �zarrdwer or credited to Bormwer on monthly instellments oi Funds. Ii the amount ot the
<br /> �.`A`�t`��f' 1 Funds Aeld by Lender ehalt not be sufticient to pay taxes,s�ssmenta.insurenva premiums and ground rente ae they iall
<br /> '--'d`�-4'���'�' ' due.Borrower ahall.par to 1-ender say a�r►ount aec�ary to make up.t3ia deficieacy ia oae or more paynients as L�ender �.`.,;,;
<br />���cT� may require.
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<br /> �;;�;.r�`.,. �Ugon paymeat in full of e11 sums sccured by this Deed of Trust.Lender shall proraptly refund w Bon+ower eny funds �
<br />���..��i d�'�LRnder. It under paragraph 17 hereof the Pmperty is sold or the Pmperty is Atherwise aoqieired by Leader,
<br />��,,,u,��� 1:�tedl�.-r ahall agply�no later than imme�iately prior to the sale of the Property or its aoquisition by Lestder. any Punds
<br /> -- _ held�b�.I.ender at the time of application as a credit agaiast the sums secured by this Ueed of Trust.
<br />—_- --_- � 3. Applic�tlon oi Payments:Udesa applianblo laa provides otheraisa.all payments�civixi uy 3�idec uada the
<br />�°'' � Note and pangcaphs 1 and 2 heroof ahall be appJted by Lender Crst in payment of amounts payable to Leader by
<br />'-=i'_�''� Homower uader paragcaph 2 hereai;then w interest payabla on the Note at the applicable contract rate+r and then �o the
<br />-�;;;`��. Prtncipnl oi the Note. �
<br />�� 4. Pttor INbrtrg�s and Deeds oi Trust; Eharges; Lieas. Borrower shall kiertorm all ot'Borrower's obli�adone
<br /> ----�`�� undESr any mort��uga.dead of Wst or other security agreexnent with e lien which has priority over thie boed ot Tiust,
<br /> o,� including Brnroabr's oovenanes to meke payments when.dua. Bartower ahali �PaY or cavso to be pnid ell texe's;
<br />-__ --- as�metits snd other chnrges�fines aad impositions at�ributable w 4ha Property which may attain n ptiorIty overthia
<br /> ,��,�� Deid'of Tnist,az►d lea�ehold payments or gcound remtrs.af'auy. .
<br /> - -_-�—..��. S. Aa�ud Ins�cx. Borrower shall keep the�s�miprovements now esisting or herenitgr.erected ni�.tho Pr+operty
<br /> —_--�.� Insured ag�ainst l��s �y rre, hazerds incIude�vtithin '�be term "eatertded ooverage�" and � �oth+er hazatds as a.eader
<br />�:�'��"-��= msy ra�uira aad ia suoh amounts and for sur.�prri�s as Lender may require. ,
<br />�»_:..;�� Thainsurance cerrier Qraviding t�a Insurance �knall be chosen by the Bflrrmwer aubject to apprnval by L.ender;
<br />-;,R�r�� .�,;;.�:: provided.that auch approv.��Ycu'�I not be unreasonably Nithheld.All insuranoe troQgxies and tenewels thereof sttall be in e
<br />_*f;.;�;�;''.'4?_' . form exeptable to Lender afiad a+14al1.iaaAmv]e a smndard mortgage ciause in ft►�or af and in a form acceptable to L.ender.
<br /> -;� ;' : ' Lender shall have uha right to ttold tha��i^ies and rene�vals thereoi,subject ta the terms of nny mortRega,deed csi tra�sc
<br /> ..�.:-:�. ' or other sxaari�yi.�eement wlth a laen cv+Jfeic`h D�as priority over this Deed of Trust.
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<br /> �;� �. �n the ev�nt�toss�Bomower eha11 give g�rompt nmtice w tha insuranse a�a�e�ier.and Lender. I.ender ascay nneke prad! ,
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<br /> {,,;�!,,, ..�' of�lavss iuf not made promptly by Borrower. ;:
<br />��<<;;�%�" . � iE��Lender and Borrower othercais�a rt,e�x an tiru�'t�,iasuraaa�e gr�ad's e�ai!C be applied to,r�ccrracco.R or repoir oi '�;
<br /> ;�';Y the Pmperty de�,a�ed, if the restoratio�n ar a+epair is ecoaamisaliy Y�sible aad I.ertder's,sa.�cev;E� is not fessene8_ it r1�e �
<br />��;;�..�,e4��•� ' reswration�r repair is not eoonomicall�v$easible or Y.ender's se�arity cvd�Iag 6e le�ened.'C1te i�xsc�ance pmceeds s�,tll 15e
<br /> �'� '� -:.� �:� �n_...� ta
<br />_t�;,,,�.-. . -_- appiied so{ste surns s�ecem7a oy uus aecvriiy insirumeni, wna"s6cr�i Itv%utcit cscnc� atau aay va�:coo�w� w a.via..�. ..
<br /> . ` Bornoaet abandans t�.e 1Pragr:�ty.or does aot ansaer �vtthin 30 dsys a ao�va$e+am Lender that the inat�rance curier has :
<br /> , ' oifered to s�etic�a ciairr:, r1len Lender may collect tha insw�nve praveeds. T.,ender may use the preceeds to repair or �
<br /> restore the�'rnpe�4y or to pay sums secured by this Security Instrument,whether or not then due.The 3o-day period will �
<br /> ' begin when tlio notice ia gtven.
<br />= , , , Ii the Property is abandoned by Borrawer�or if Horrower tails to respond to Lender within 30 days from tlze date
<br />_ � notice ts mailed by Lender to H�rroaer that the insurance carrier oifera to settle a clatm for insurance benefita,Lender
<br /> � is authorized to coltect and apply tha insurance proceecls at Lendec's option either t� restoration ur repair ot the
<br /> - � Property or to the sums sectrred by thia Deed of Trust.
<br /> a os-�o.�.�..a o� ,w„� ��a��� ���������������������w .�M,��,
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