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<br /> ' •(iUADAL,UPE VARGAS BRASI�lO VARGA& �• 97� '�Q�1,2 10139� 09/19/1997
<br /> UNIFOP.M CovBNANTS. Horn�wer aad Lender covenint and a�ee�s follows:
<br /> 1. Parneat ot Prindpal �nd Iate�t. Borrower shaU pmmPdY PiY when due tho principal u�d Intenst
<br /> ; indebtednesa evideoced by the Notc And lste ch�es as pcovided in the Note.
<br /> �, 2. Y�Wndr[or Taxea wd Im�uancx. Subjat to applicxble kw or a written walver by Lendes.Bomower sl�all pay to
<br /> � Lender on the day mond►1Y Pa9a�ents of piiacipil and interest an psy�ble under the Note, undl tbe Note is paid tn full,a
<br /> Isum(herein 'Funds')eqwl to one-twelfth of tLe yeuly taxe�aad assessments(itycluding condominium and plannd unit
<br /> , d�evelapment assessments.lf aay) which msy amdn prlority over this Dad of Tiust,and�cound nnts on tLe Property,if
<br /> ; any.plos one-twelfth of yeuly premium iast�llmnts for ht�urd iatiurance.P1us oue-twe1fW of yeuly premium iastallmente
<br /> ` for mort�e Insvrance. if any, aU as n�sombly estimatc�l iuitiAlly swd from dnx to t�nae by Lender on the b3sis of �
<br /> assessm�ents�od bills aud reasonable esdmues thereof. Borrower shall not be obU�atod to m�ke su�ch psymeats of Funds �:
<br /> --- '"" to I,ender to the eatenrt thac Horrower m�iC�s such PaY°��t0�0 bolder of a prior mortg�ge or deod of truu if such holder
<br /> �
<br /> ��
<br /> "" is m insdtudoml lender. _-
<br /> If Borrower pays Fund.s ro I.ender. the Fwids sbaU 1x held in an iasdwdon the depos�its ar scconnts of wLich ue `
<br /> insured ox guaranteed by A Federal or state sgency(includiag Lender if I.ender is such in insdwtion). L.ender stWl apply �_
<br /> We Funds to pay s�d qxes. assessments,iruuranoe Premium�aad ground rents.Le�cr uwy not char�e for so holding and 4-.
<br /> y�pplying the Funds. stnalyanY said account ar verifying and comptlin8 said assessments and bills,ualess Lender ptys =
<br /> .� Borrower i.nterest oa tt►e Funds and applicsble uw petmits Lender to make such a chuge.Bornuwer and Lender a�y a8ra --
<br /> in wridng at the time of exaudon of tLis Dad of Tn�st that interest oa the Funds shall be paid w Bormwer,��� _
<br /> such agrxmeni is madc ar applis�tble law requites such intcrest to be paid. Le�er s6aU not be requtred to pay _
<br /> any interest or earnin8s oa Rtx Fuads. i.ender shail give tofor which�each d bit�w tLe Punds was m�d�e. 1Le Fuods ue -
<br /> S}181YIIIg CPCi�tS.1ID� aCfl�tS W fh8 FUIIdS Ail(� thC ]H1tjfOSC �_
<br /> plalged as addidonal securltY for the sums secund by this Deed of Tnuti.
<br /> � If the amouat of the Funds held by Lender. wgether wlth the futun monthly insWlments of Funds ptyable prlor w _
<br /> the due daus of taxes.assessments, iaswr�nce Pi+emiums nnd ground nnts. shiU exoeed tbe amouat ne4uind to P1Y stid —
<br /> � taxes. �sse�ments. iasurmce Premiums a� gmuod nnts�s they fall due. such a�ass sh�ll be. at Horrovra's opdon,
<br /> , eitl�er pmmptlY cepaid to Bonower or credited w Bomower oa mont6ly iastallmenta of�unds. If tb�e uuount of the Funds _.
<br /> held by Lender s�ll aot be a�cient to psy axes.ass�.ssments.insurance pnmiuu�s and gcou�rents�s tixy ftll due.
<br /> Borrower shtll psY to Lender wy amount nocessscy w m�ce uP the defieie�y in oae ar mon payments sa Le�er may
<br /> �UPon WYment in fuU of oll sums secuted by tbis Dad of'l�ust.Lender shwll prompdy refund to 1Bormwer a�r�
<br /> _� held by Le�er.If under par�Ph 17 hereof fl►e Pmperty is sold oz the Property ie otberovlse�c4uind bY uader.Lendet
<br /> _ ��Ir� ��a��2�g�QZ��.�.�f rhe Pronerty ar its acquisidon bv I.ender.any Funds held by
<br /> Lender u the dme of�pplicadon as a credit ag�iati�t the suma secund by this Dad of'lYust.
<br /> 3.Appliatlon ot Pa7ma�te• Unless appliqble lsw provides otheivv�se.�11 pRymeate ncsivod by Y.e�er under tbe
<br />- Note�ad para�ry�hs 1 a�2 hereof s]Wl be appllod by Lenckr Srst in paymeat of�mounts paynble W Lendet by Borrower
<br /> �.`:',?�i:��''� under�c�ph 2 hec�eof.theu to interest psy�bte on the Note.and then w tLe prjncipal of the Note.
<br />�� � � • 4. Prfoe Matp�and Deed�ot Tn�sti Ch�'t�i Leae. Honower shall perform�Il of Bocrower's obll�dons
<br />_�� �;;;• . �••
<br />-i,f't;.. `°• wider any mort�e, dad of trust or other sxurlty a�eement wIW a llen which hae prlority over tHis Deed of'hust,
<br /> -,,,,�`::�.,.�>.` includin�Borrower's covenaats W m�ke piyments when due.Bocmwer shtU pty or cause w be ptid�1 w�ea.�sessmeats
<br />-3..��•,4�.: � � and other cturaes, 6ms�nd imposidons attrlbutstble w tbe PropertY which mty awin a prlorlty over tbis Deed of'hust,
<br />.-"'''�'�����y�, aad leas�hold payments or gmund rents.if my.
<br />_-• .'.� - s. Haard I�euraooe. Borrower sl�ll ketp the impmvemeats now e�adag or hereafter esected on the Pmpeity
<br />'tr;�"�'�¢Y._♦ •
<br />_���',� iasured against loes by Sre,�unds included wlthin tbe term extended caveraIIe',and svch wher lnunds�a Lender m�y
<br /> - ° require and in such amow�s�wd for such period4 as Lender may require.
<br />�€��';,y';.�`•
<br /> --•.�:�,M� T6e inwrance c�aier Pmvidin�the insur�ace sball be c�osen by Bocrower subjea to�ppm�val by Leadtr.pmvtded,
<br /> r�T��.�i•
<br /> �,a;.�, x;�� tLat such appmval stWl mt be unteison�bly withhcld All inRUatrce polIdes and rmea�ls diereof sbtll be in s fornt
<br />---a�.,: "` aoce�table w L�ender and stuU include a atu�dud mortg�e cLwse iu favor of wd in a fosm acceptsble to Leader. I.ender
<br /> i.r.B��.A �. ..
<br />��"%'.""�::� sh�ll hsve the rt�hc to hold the policies ind zenewils thereof. snbject to the cecnis of any mort�e,dad of uust or other
<br />-,�;;" seeurity a�rxment wlth s lien which h�s prlo�ity ovu this Deed of Tn�st.
<br /> �-...��;��� In the ave�t of loss�Homnwec sh�ll�ive prompt mdce to the imur�nice carrler ud I.ender.I.ender mty m�lce proof
<br />-� of loas if mt mide pmmptly by Bo:rower.
<br />'=-°;��.._� IIf the Pmperty is aba�o�d by Borrawer, or if Borrowet fails oo respond w I.eader vrlthin 30 daye from the due
<br />��.,��: • notice Is m�iled by Le�er w Borrower thu the imuiance curler offers to seule a claim for insuranoe befleEts,I�ender is
<br /> ��.�:�''t'��';"`�' sutho:imed w collect and apply the i�nsurance procads u Lender's opdon either w nstoradon or rep�ir of the PmQexry or
<br /> _ar.rr...'�.�,.:�.
<br />�,;°::: °'�:,.•.; . w the s�ma secured by tWs Deed af Tc�st. �
<br />-t`.;.y,; ; � .�� , i. Prea�nation and Mafntmanoe ot Propatyi ��diii Coodomlduom�i �lwoed Uqk Deidqimeats
<br />��-:. ' Borrower shall keep the Property in good repadr�s�ll not commit wisoe or pamit i�ment or dete:iotadon of tbe
<br /> �ti.
<br /> .,. .. Pmperty nnd ahW comply with the pmvision9 of wy lase if this Deod of Teust ia on a lasehold. Yf thi.i Deod of Tiust is
<br /> � ' on a unit in a co�lominium or s�planml unit development.Borrower slull perforn►all of Bomnwer'e oblipttom under the
<br />-�. � dxWsdon or coveatnts crati�or goveming tLe condominium or planned unit dCVelapmie�t,d�e by�lawa wd reauladom
<br />_. � ''� of the co�ominium or plsnnd unit developm�nt,md wnsdtuent documents. _
<br />� 7. Protation of La�d�r'e Sec�ait7. If Borrower fr31s w perform the ouveuwta aad a�neements cootaimd in tLis
<br /> - Doed of Tiust.or tf any acdoa or procadia�is commenced wb[ch mstert�lly�ffects Lender's interat in the Praperty.thea
<br />� . ,�.�•' Lender. u Le�er's opdon, upon noda to Humower, msy mate such appeuanoes, Aisbucec such a�me. includia�
<br /> � " ° reasomble attome�rs� fas. uid nte such�cdon�s is noc.sssuY to Prooect I,encler's interest. If Lendtr requind mort�e
<br /> __ --- ,-- --- - _• •' • -----_�L_.u_r�...t..e�r..... n...........ehdt.rv fhr e�r.miunu neauitietl tn
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<br /> �411i1ilCE�S i COm1t10D 62 ID�II�inC toin aa:tuw vJ uuo..uw... ...o......._,...�.—r-i —r---- --�- -
<br /> ' msinqiu s�ch ia4unnce in effect vntil such dme as the requirement for such ��ncoe urminsoes in�ceord��e with
<br />' � Homower's�nd Lender's wrltten�roement or�pplicable Lw.
<br />- ''' Any�mounts disbucsed by Leuder purswnt to thls ptta�c�ph 7.with iatecrst thereon,at 4he Note cate� stiall bemme
<br /> addidonal indebtodness of Bornnwrr securod bq�tl�s Deed of Tn�st. Unlass Bosrow�er aad I.eackr�m to other nrms of
<br /> p�yment. such amounts sbill be payable upoa mda from I.ender to Bor[owec ro4�Y WY�� �f. Nothing
<br />� �nt�i�d in�his paraarAph 7 shall require I.emer to i�ur iny expense ar take�ay�cdon hemu�der.
<br /> = a. Inrpedlon. Le�er miy wake or c�use to be m�de rasonable entcies upon and iaspocdoas of tbe Prngeety�
<br /> =� pmvided tbat Leockr elnll �lve Bosovv�r notice pdor to any such incpecdoa specifying restsonable etuse thcrefor nlaud to
<br /> . I,ender's interest in the Prope�ty
<br /> s NeEdslu 26a76-3 7/97 Oriqival(R�eosd�d) Copy(Hraaah) Copy(Cu�toa�r) Y.se i ois
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