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<br /> S � TO SBCUR� to Lender the repuymeat of the indebte�ness evldenced by Bonower s�aote a
<br /> s 3EpTEIK�ER 2, 1998 andexceASions and maewals thereof(hemin "Nvt�">�
<br /> - - in the pilncipal sum of U.S.S 50,0 00.00 ,with interest thercoiy, pruvidf� for. _
<br /> � moathly inssallments of pr{aclpal aad interest.wtth the belance of the iadebtedneas, If not sa►nar paid,due end payabl¢ -
<br /> . .,y�� oa 3EPTEMBER lT, 2013 ;the paymsnt of a11 other awns.witt�faterest tLereaa, sdven.ced °
<br /> in eccordance he�with ta protect the secudty of this Deed af Teust; and the perfom�ance of the cavenanrs end
<br /> ��-� agreements of Borrower herefn contalaed.
<br /> ,� Borrower covenenta that Bortovuer Is lawfuily seised of the estate hereby conveyed aad has the dght to gtanz ead�
<br /> �"��' � coavey the Property, and that the Property is unencumbered� eacept for encumbrances of record. Horsoa►er ca,venant�
<br /> that Borrower warrants and wlll defend geaerally the tide to the Property ageinst all claime and damands,,subjrtct to
<br /> �'��� encumbrances of record.
<br /> ' . ,f UMFORM COVBNANTS. Borrower and I,ender covenant and agrae as follows:
<br /> �; 1. Pay�►4 of P�1 affi Ini�st. Borrower shall prompdy pay when dae the prIncipa! .and interest
<br /> �a, indebtedness evideaced t�,y the Note ansi taie chazges as provided in the Note.
<br /> :,..�,, . ,` 2. Ft�ads for�and Aa�su�ruioe. St1bJ�t to appHcable Iaw or a wcitten waiver by Lender. 18arrawer shail pay
<br /> ;:4is:°.<;�c�:,:� �. tb ixnder on the day montaly payments of principal and interest are payable uader the•.Note,uatil the N�2e is paid
<br />!;;•.:�„:,,;; ;: ; � , ln full,a sum(herein "Funds")e4ua1 to one-twelfth of the yearly taxes and assessments (includiag condominium and
<br /> �,;.,->�„ �.,�.
<br /> . .',;rY plaanod unit development assessments. lf aay)whlch may attaia priorIty over this Deed of Trust and ground rents on
<br />. the property, if any,plus one-twelRh of yearly premium inscallments for hazaM inauraace, plus one-twelfth of yearly
<br /> -- .- pmmium installments for mongage in�surance� if any.s11 as reaxonably esttmated lnitially aad from time w tirae by
<br /> -_ • �.''-" Lender on the basia of essessmente and bllls ead reasonable estlmatea tdereof. Borrower shail aot b$obligated to
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<br /> " make such paymcmta of Funds to Lender to the eatent that Sorrower mnkee such puyments to thc holder of a pdor
<br /> =,,.,_; . mortgtge or deed of tcuat If such holder fa en lnsdtution�l icnder.
<br /> � �'" . If Borrower pays Funds to Ixader. the Funda ehatt be held in an Institutton the deposite or Accouata of which ue
<br /> -='--.�._4, lnsura! ar�uarantcy.b by a FcdcrW or atate agrncy (including i,ender if la:ndcr la euch an lnstltution). L�RdCf 6b8I1
<br />.;;�`"�� ' epply tho Funda to pay sN1d tar►ea�aase�smenta, insuraace prcmtum� and ground rente. i.ender may aot cbatge for ao
<br /> <'_��-��f holdin� �nd rpptylag the Fuada,enalyziag seid acrount er vedfying artd compiliag satd aasessmeats aad bllla,uNesa
<br /> ���W Leader paye Borrower laterest on the Fuads aad applicable law pnrptfte Lender to make such u charge. Borrower and
<br />.'rti'-1�i.'.'v....
<br /> - = �� Lcndu may egrec ia wdting at the tiase of executIon of thla Deed of Trust Wat interest oa the I�unds shall be paid
<br /> _�� w Horrower. ead unlesa s�uh egreemeat is made or applic�ble law requires such iaterest w be paid.Leuder shall aot
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<br /> be ta�tiiod to pay Bvsruwci w�y Iute�cst o;estafn$s �sa ih,,Ftsads. I.�sid� ohs?2 gi:�e i�&srnts�rrl. !yIlb�! � nrgP,
<br /> °:����� an annual accounting of the Funds showing credite and debits to We Funds aad the purpose for which rach debit w
<br /> --.��"� the Punds was made. The Funds are pledged as additional securlty for tb.e sums secured by this Deod of Tiust.
<br /> --�--°'� If the amount of the Fuads held by Lender. wgether with the futute monthly iastallments of Funds payable prloz
<br /> - w the due dates of taaes.assessmenu� insurauce premiums and gcound rents.shall exceed the amount required w pay
<br />--._._.�� said taaea.assessments, insurance premiums and ground rents as they fall due. sach eaoess shall be, at Borrower's
<br /> --'°"�� option, either PmmpilY repaid to Bomower or credited to Borrower on uwnthly installments of Funds. !f the amount
<br /> �-� of the Fwnds held by I.eader shaU not be sufficient to pay taxes.assessnaents, insuranoe preariunas a�►d ground rents
<br /> '�° a9 they fAll due, Bomower shalt pay to Lender any amount nocessary to make up the defidency in ona or more
<br /> -'.�`�'`� paymeats as Lender may require. .
<br /> ��_,;;'<�� Upon paymeat in full of all sumv secured by thIs Deed of Trust, I.endes shalt pmmpUy rofund w Hoarmwer eny
<br /> _---- Punda held by I.ender. If under paragraph 17 hereof the Property ia sold ar tb�e 1Prapeity is flthetwi5e.�c�ired bY
<br />----�—•:���, Lender. Leade.r shaU apply,no later than immedtately prlor to the sele of the Property or its�acquieitioa by I.enda. ,
<br /> ---=�'��c;i �, auy Funds held by Lender at the time of appUcadon as a cradit agninst the sums secured by iWs Deed of Trust.
<br /> ---- ---- ' 3. Appl�on of Paymeats. Ualess applieable law pmvides�otiierwise. all pa}►ments teceived by Lender under
<br /> th� Note and paragraphs 1 aad 2 hereof ahall be appliad by Lender flrst in payment of amounta payable w Leader by
<br /> --_— _—= Borrower under paregraph 2 hereof,then to interest payable oa the Note. and then to the principal of the Note.
<br /> - -- 4. P�Uar Mortgqges �d Deeds a!ff�(�ar8e�Lie�. Borrower shall perform all of�orrower's obligations
<br />-- —�,;� under any mortgage. de�i of trust ur a�ther seauity agroement wIth a lien which has prio�ity over this Deed of 1Yust.
<br /> -�- including Borrower's cave�gats to make Paymeats when due. Borrower shall pay or cause to be paid all taxes.
<br /> ass�sments and other charges.�tes and imnositions ataibutable w the Property which may�uaia a priorlty over tt�s
<br /> �� Daed of Truet, aad leasehold paymeats or grovnd rents. if any.
<br /> �____ S. H�cd Ina�uanoe. Borrower shall keep the improveaa�nts now exiating or hereatter:ere�ted on thc Pmperty
<br /> .��;� insurad againat loss by Sre�hszards 1nrJuded within the term "exiesaded ooverage".and sucki other ha�ards as I.eader
<br /> _=.-�N,�?��; ' may requ�re aad in such amounts and for such periods as I.eader may require. �
<br /> _�:-- -T."".�"'�'� 'Ihe insureace carrIer providing the insurance sh�ll be chosen byBorrower subject w approval byY.ender;Provided.
<br /> �_�y_.� ,
<br /> ���; � that such approval shall not be unreasonably withheld. All iasurance pollcles and renewals thereof sha1F be in a fomi
<br /> "';"`;,�-'�:�= � acceptable to I.eader aad shall iaclude a standard mortgage clause in favor of and ia a form aoceptable w I.eader.
<br /> :,.,i:-.•.. , �- deed�g
<br /> --.:x.syT�r_ Lender shall have the right to holfl the pollcies and renewals thereof, subject to the terms of aay iaortgage,
<br /> _.,. .��......�
<br /> ' :�_��:��' ���� uust or otLiet securlty agr�ment wtth a 13en whIch has priorlty over this Deed of Tiust.
<br /> _.. .� ,��:.
<br />'�';=�:'_=�= Ia the event of loss.Bon+ower shall give prmupt notice to the inaurance carrIer ead Lender. L+ender may make
<br /> _ _. .;:a.:;
<br /> �.-,_.°•� . .::�. ;, proof of loss if aot made promptly by Bomower.
<br /> `�J`�'' :� � �' If th$Property is abandoned by Borrower, or if Borrower fails w respond to Lender wltLin 30 days from the dete
<br /> notice ts tnailed by I.ender to Borrower thai the insurance carrier offers w settle a claim for insurance benefits,Lender
<br /> �_ ___.�_s� � ....s�_... �a �...a.. .� t..e..«....o ...V.,�.te er t...,.tp.�a .,..ri.n. o.ttwr en rnsenndnn nr renair of tl�e
<br /> __�.��..:L...:^ - tD aYUtvsuw.� w wuv�n our q.p.� w.. ..w..• r' � - -r--- --'�-- -- -------'----- •
<br /> _``�'...� pc�operty or to che sums secured by this Deed of Trust.
<br /> _.--�. . . P�;
<br /> 6. Prese�vatEont and Meinteaanoe of Pcope�ty: Leaseholds: Condomini�: Piaanad Unit DEV�.
<br /> � ` Borrower shall loeep the Pcogerty in gaod repair and shall not commit waste or permit im�airment or deterioration
<br /> � ' of the Property and shaU camply with she pmvisions of any lease if t6is Deed of Tn�st is on a leasehold. If this Dced
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<br /> Sr,3'Y�;r�; RASKASECOND MOR1YiA(3E-1180� C UMFORM IIVSTRUMBNT Fotm 3828
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<br /> ,. �:;•C�j u,�w�mc s�+.�.ceoo�e�su�x Page.2 of S
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<br /> ;� NBSEC.D07
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