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<br /> � ' ,"`8 . , TO SEGURE to Lender the repayment of the tndebte�aese evidenced by Borrower e oto���� -
<br /> � ' ��' SEPTEMBER 10, 1998 ' nnd extensione nad renew�la thereof(hcrcin "Noto"),
<br /> � ` „ �:�. in the principal sum of U.S.S 58,000.00 �wfth interest Weieon. providing for -
<br /> : :;� montbly installmenta of prInctpal and interest.with the balauce of the ladebtedness. if aot sooner puid,due And payable _
<br /> T � on SEPTEMBER 26, 2013 ;the paya►ent of aU other suins.witb interest thereoa� edvnnced
<br /> in accordanoe 6erewIth w protect the security of thls Beed of Trnst; and the performance of the covenaata und _
<br /> �' agre2r�tenis of Bonower herein wnteined.
<br /> Borrower oovenants that Bornower is lawfully seised of the estate hemby conveyad aad has the rlght to gcant and
<br /> ' �'�� oonv the
<br />_ „ �::-.-- �y Proparty�and that the Property is uusncumbered. except for en�vmbrances of record. Borrower covenante
<br />_;.� that Borrower warrants and alll defend generalIy the tIde to the Prop�rty against all claims and demands. subject to
<br />; :�,; . encumbraacea of re�ord.
<br /> • �; UIVIFORM COVENANTS. Borrower and I.ender covenaut and agree as follows:
<br /> � � ` l. Faymmi ot PrIndgal and I�e�. Borcower shall proraptly pay when due the pr3ncipal aad interest
<br />_ � ., . � indebtedness evidm�cod by the Not� and late charges as provided in the Note.
<br /> T�:; . . 2. F+�mda t�Ta�ea�d It�ce. Stibject to applicable law or a wrltten waiver by I.eader, Borrower ahaU pay
<br />���,, . . � to Ixnder oa the day monthly payments of prIncipal end interest are puyable under the Note� until tlie Note is paid
<br />= in full.a sura (herein "Fuada")equal to one-tcvelRh of the yearly taxes and asse.vs�nents (including coadominium attd
<br />` �_�a��� �t � planned unit development assessnaente. if any)which may attein prIorlty over this Deed of Tr�st and grouad ceuta on
<br />_�,., .- ;. :;. the Property. if aay.Plos one•twelfth of yearly premium installmente for hazard insurauce. plus one-tarelfth of yearly
<br />°. ..� premiura installrmeats for raartgage ineuraace. if aay,all as reasonably estimated initially aad fi+om time co dme by
<br /> � ° "��•� Leqder on the basis of assessments aad bille aad reasonable estimates thereof. Borrower ahall not be obligated to
<br /> YS.::t l'a.;�. • •
<br /> make such payments of Funds to Lender to the extent that Borrower makea such payments to the holder of a prlor
<br /> _ _���;r;;s��. awrtgage or dead of trust if such holder is aa instiwtional lender.
<br />-_��s`:;��``�ti�°��� • lf Borrower pays Fuads to I.eader, the Fnnds shaii be held in an institution the deposits or accounts of which are
<br />:•�:::.�t��'`����
<br />—�. ��%:_ insured or guaranteed by a Fedetat or state agency(inaluding Lender if Leuder is such an institution). Ixader ahaU
<br /> w �r.a�
<br />�:�-s:` =-.:-.:- apPly the Fuada to pay said taxes.assessraet�ta, insurance premiums and ground rents. Leader may not charge far so
<br />�,��:;;.
<br />�,;;�.� . haldin8��Y�B the Fund�. anelyzing said axouat or vc�rlfying and compiling said asse.saments and bWs.unlQSa
<br /> -�'�i'�r k Let�dcr pays Boriower inte�st on the Funds and applicuble law perrnits L�ender to make such a charge. Bornower and
<br />�l�fFf��j�'�..•.
<br /> .,�.�„ Lender ma�y agree in wriang at the time of execution of thle Aeal of TYust that intcrest on the Funds shall be paid
<br />�:���'� .r ._ ' to$o:mwer, and w�less such agt�eement is m,ade or applicabla law requires such interest to be paid,L�nder shall not ..
<br /> ._w_....__:._ _ be iequired w pay�orrower.auY interest.or eatninge on tae Fuuds. Ixndcr uLa32 glve t� fici�—.3wei�wititaut cljsrgc�
<br />��j{.s"�'w. an annual a000unting af We �nds showing cmdits and debite W the Funds aad the putpose ibr which each debit to
<br /> -"=';;�: � the Funds was made. Zhe �nds are pledged as additional security for thB sums secured by thte Dced of Tniet.
<br />- IP the amaunt of the Funds hetd by Lender, together with thc fiuum moatWy instailraente of Funds payable prFor
<br /> _� �. to tka�dus dates of taxes.es�smente� insuraace premiums end ground renta� shall exceed the amount requined to pay
<br />=--------_ , sa�d taxes. assesss�nts. insu�nce premiums and goound rents as thcy faU due. such excess shell be. at Sorromr's
<br /> opflon.eIther prempdy repaid to Borrower or credtted w Bo:rower on montlily iastallrnents of Funda. If the awount
<br /> --- of the Fuada held by Lender ehsll not be sufflclent to pay ta�tes.assessn�ents. insurance pr�mtums aad g�ound reata
<br />�' as they fall due. Borrower shaU pay w Lender any anwunt aecessary to make up the deflcieacy jn one or mon
<br /> � paymente as b�ea+da may require.
<br /> Z1pon psymGnt la fiill of all sums savred by this Deod of Tcust, Leader shaU pmmptly reihnd to Bomower aay
<br /> � Faads heId by L�r. If uuder paragraph !7 hereof the Property is sold or thc Amperty is othetwlse acquired by
<br /> ---- Leuder� Lender shall apply.no latet thaa immodiately prlor to the sele of the Property or Its acquisition by Y�eader,
<br /> -- any Flmde held by Imder at the time of applic�tioa as a credit against the st�ms secured by thia Dced of Tcust.
<br /> 3. Appli�on of�. Unless applicable law pmvides otherwtse. all paymente rec�ived by Lender ucder
<br /> the Note and paragnphe 1 and 2 hereof shaU be appliod by Leader fl:st in paymeat of amounta pay�ble w I.end� by
<br /> ---„-� Bormaer under paragraph 2 kereof. then to iatenst pay�ble oa the Note.and then to tho prIncipal of the Note.
<br /> - - 4. Prbr M�tgtga aod Deeda o!7ta�tt�8es: I�ea�. Borrower shati peiform all of Bonower's obligationa
<br /> - under aay mongage,deed of nvst or other security agreement wIth a llea whish has priority over this Deed of Tiust�
<br />-`_-_--_ -�= iaeiudiag Borrower's oovenaws w maYe payments whea dus. Bormwer shoU pay or cause to be patd ell taxes�
<br /> ass�smmts and otha cbargrs.8nes and icupositions ann'butable to the Property which may attaia a prIorlty over this
<br /> - --- Dad of Tcust.and leasehold payments or ground reats. if aay.
<br />—"�_-- -- S. H�mnd �mor�noe. Borrower sholl kcep the impmveaoeate now existing or heceafter eraxed on the Property
<br />�. �� iasured agaiast tass by fin►hazaids inclnded arithia the te�m "extendod coverage".and s¢ch other t�axds as Lenda
<br />�:�'~`"~;��`� mr►y requlre and in such amounts aud for such perlods as Lender may roq�ue.
<br />__Y-�- 'Ihe insurauoe canrler providiag We insuranoe shalU be chosea by Bouaaer subject to approval by Lender;pmvided,
<br /> -_ -;�.,�,�. ,� � that such app�val shall aot be unmasonably withl�etd. All iasuran� �wlides sud renewals thereof shall bo in a forat
<br />—.;�l;;,,� �.� acoeptable w Leader aud shail iacluds a smadard mortgage clause in favor of and ia a fotm aooepiable w Lender.
<br /> ==_;:�•� -t.' �: .
<br /> -_.. ...�: Irnder shall bave tLe dght w hoW We policies aad reu�wala thereof. subj0ct co�e terms of any moregage. deed of
<br />- =-.;�.��,_-y-.. ,.
<br /> _.:���,�2` aust or other seauiry agm�eat aith a liea whtch 6a5 prIority over this�eod of Trust.
<br /> ,,;'c:;;x:,;:a�d,,{� In the event of loss.Borrower sbsll give prompt notIce to We insurnnce carrler aud T�eader. I,en�ter map malce
<br /> - _ �.,�.°f.;� proof of losa if uot made pmmptly by Borrower.
<br /> �^�_'�.� � µ
<br /> :�"+=°`.�:,Y�'�� If the Pmpaty is abandonod by Bormwer.or if Borrower faiIs W respond to Lender wIthia 30 days from the date
<br /> _�� aotioe Ia maited by Ixader to�omower tLat the insurance carrier offers to seule a cla�a for insutance beneflm.L�nda
<br /> ,�� L�..�L �itw �.t r�t..�1.� • � T rJr�� �r1Sww �S�I�r M �Mtins� M �IM�;f A�f�
<br /> "i.:,-.it�' w aasuvasaw w wuwa aa� ayirs� aw u�oYaonv�. �rsv�wwivo w aw�w.n u vy....,. .��.
<br /> .. �::,�%�''"� = pcoperty or tQ the sums secured by this Deed of Tast. • ....... r.. ....M._..� _. ^ w
<br /> =z-J�:_ •;.'.� �y; �� �: Davelo�m�'
<br /> �;.� . � 6. Pee�v�timn aod M�atm�oe of Pl�aoed Udt
<br /> - -. ;3•. Bornnwer st�all Lceep the Property in good repair and shall not oommit waste or permit impairment or deteiioration
<br /> —h' �u';��,` of the Property and shall comply adth the provislons of any lease if tbis Dee� of Trust is on a leasehold. If this Deed
<br /> •r z
<br /> --r . .. RASKA ND M GH-1J80-FNMAIFHi.MC AM INSfRUMBN'f Form 3828
<br /> . „ na„mea sy.�r,t�.roor�aa9.uas Fage 2 of 5
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<br /> , NESEC.DO!
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