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<br /> H1MIC D STAT88 i�LE►IB L STAT88 9�� '�Q��� 102178 10/Ol/1998 '
<br /> ' . UivlFORt�CovBNANTB. Borrower aud Leuder covenaat nnd agree as fo]lows: .
<br /> . --, - !. Pa�r� �,:' .. y„et �r� �.��. Bo.:�wc` SiLiit pniuipEtY PaY whea due tiic principai and iatettisi - .
<br /> ' indebiedne�s evidenced by tho Note and Iate chatges as provtded in ehe Note.
<br /> � 2. F�tor Tazes�nd Insuritnoe. SubJect to appltcable law or a writtea waIIver by Lender. Bomnwer shalt pay tu
<br /> t.euder on We day mnnthly paya�ents af pdacipat aml latezest ue payable uader the Note.undl the Note Is pald la flill.a
<br /> sum(hsrein'Fwedsi")equat to oae-twelfth of tbe yeuly w�ces and assessments(1ncludin,g condamint�rn and plauae�untt �
<br /> � develapmeat a�ssmeuts. if any)wWch auty attain prio�lty over thla Deed of Teust.�od grouad rents on the Prnpeny. if , ..,
<br /> � � au�r.Plus one-twelRh of yeuty prsmium iastalimeats for haaud insurance.P1us one-cvrelRh of �ari .
<br /> � Y Y Pre�um installments
<br /> for a�artgage ia�m�sce. If auy. a11 as ee�sostahly esti�tcd iaiti�lly aad fram d�e w t�ne by Lendee ou tbe basis of
<br /> � '` ' as�ments and bWs and reasomtble�thereof. Borrower s1�11 uot be obligaaG to make such payments of Funds ===
<br /> ,;,;;;�:�; to Leuder to th�eatent that Borrower makes such payments to the tiolder of a prlor aiongage or dced of uust if such hoid� ,�
<br /> �,.�..�,,�r� is an insdtudonal lender. ���`"-
<br /> w'r.,"
<br /> If Bormwer payrs Funds to Lender. the Fnnds s1�a11 be held in an�astitudon tlie deposits or accounts of wLlch are �`�-"
<br /> . _ � insured or gaarantced by a Federal or smtc agency(Lrctuding Lender tf Lender ts such an insdtudon).Leader shall apply =��_�
<br /> the Fwnds to pay s�td aaes.assessruents.ius�uance preminu�a�gmund rems.Len�der�usy not charge for so haldin�and °�
<br /> .` applylu,g tke Funds. aaalyr]ng s�Id axount or verlfying aad compil�ng sa�d assessmenis and bilis. unless Leader pays
<br /> Borrourer ia3erest oa tde Fwids and appllcable law permits Lender to make such a charge. Bmmwer ard I.ender may agt+�e
<br /> �� in writiqg at the dm�of.exea►doa of this Deed of Tcust that intec�est on the Funds s1uU 6e paid to Borrower.and uutess =_
<br /> , such agroement is m�do Qr eppUcable law requires such interest to be paid.Lender smll noi 9�e required w pay Barmwer --
<br />. auy iarerest or�on the Funds. Lender sbail glve to Bomnwer�wI[hout chnrge,tn aanuat��couating of th8 Fuads
<br /> . showing c[edits and debits to the Fu�ds end the purpose for which each debit w the Funds was wade. 'Irie Fuads ara .
<br /> pledged as addidonal sxurIty for the sums secuted by tWs Deed af Ttust. -
<br /> � �; If We amount of the Fimds held by Lender. tagether wIth the fuaue mnnlWy i�unllments of Fw�ds payable prtor co
<br /> , � the due dates of taaes.assessmenrs. insuzance preadums aud gmuad rents.si�aU e�uxod the amount requimd co pay said _—�
<br /> ..� tsuces. a�ments. tn�rance prru�iums and grouad rents as t6eyr faU due.such ea�ass sdaU 6e. at Bomotiver's opdon. _
<br />`��`" , either pmmptly f+epaid to Borrower or credited to Bomower on momWy installmeats of Fands. If she amaunt of the Fuasfs
<br /> ' held by Lea�er sball mt be sut�cleni w pay te�ces.a�.[nsuranoe p�miuma ua�d gc»twd rews as they faU,dus. �
<br /> � ,,,.:'�� Bon»wrr shaU pay to Leader any amount nocessary w make up the deficlensy ia om or more payments as Lender a�y -=_
<br /> �_ � �pon gayment jn fuU of all sums socured by tLis Dad of Tn�st,Lender s�m11 promptly�efum to Borrower any Fwuls
<br /> „�� h c l d b y L e n d er. I f�m d et p�r�graph 17 he�+eof the Pmperty is sold or the Propecty�S otherwise acquized by Lender.Leader
<br /> sLall apply, ro later dnn immediatelY prlor to dte s�le of the PmpertY or�ts acquisidoa by Lencier,an}r Fuads Leid.by ,
<br /> ' Lsnder at the time of spplicadon as a cndit against the sums socnrad by tLis Deed of Tn�t_
<br /> _ .. 3. A�tg�an Qi E'�jaeesds. UNess applicuble!aw pmvides atherwis� al!payme�ts raceiv�d by Le�er nnder tite _—_
<br /> _ _ Note a�paragraphs 1 and 2 hete+of shall be applied by I.cuder first in payroent of amnants payable ta Leader by Bonuwer
<br />- � '� '.� � under pa�agcaph 2 6etttof. then to inteccst payable on the Note.and then to the princtpal of tt�Nute.
<br />=;';�Y c 4. Pr�r Mortga�es and Deeda o8 Tru�t:Chugesi Ler�. Hormwer shall pe�torar eU of Bonower's obligadoas
<br /> . :`""•: ,:;;j`;:• unaer anY�ortgage. doed of t�st or otber securIty agceement wlc�a a lien wffich ha�prIority over this Deod of'1'iuse.
<br />-'.,� inctudi�g Ramnwer's cove�ms w make paymears when due.Hormwer shali pay or c�se to be paid ait ta�es,assessments
<br /> ' and othsr cbarges,�Ses aad impostdons attrtbumble to the Pioperty whIch may atta�n t priodty over this Dced of'huss.
<br /> - ° - -- and leasehold payu�ems or ground rents.if anyr.
<br />- ;�•�.�;... 3. �ard I�noa Borrower shall keep the Impmvemenas aaw enisdng or hereaRer encted on the Propecty
<br />'`n_'�c;�;;�; insuerd against loss by 6re,ha�ds ivcluded vv�thia the term'extendod coverage".and s�ch c�r ha�rds as I.ender may
<br />_.����:�:���� nqui�e and ia svch amonenEs and for such periods as LeMer may roquire.
<br />_ -,�.�it.=±� , T6e i�uranco rardea pmviding the i�ranoe shaU be chosen by Bormwe�subjea to apprnval bY Lende�:l�mvIded. --
<br /> --_ ___==�: , t4at svc6 appraval shatt mot be wireasonably wiWheld. All ins�rwce poGcles mx1 tene�wais thereof sLall be tn a fo�n �
<br /> _ ,.,: �, acoeptable to Lender and shall inclnde a standard a�rtgage clause in favor of and in a forim accepmble to I�ender. Lender
<br /> _ - , s1�aU have the r�ght to hold the pol�cles and renewals theroof.subjert to the terms of aay inoitg�ge,deed of tc�st or other
<br /> ` ' .. . �;.' secudry agccemeas with a lien which has prtorIty over thi�Dee�of Tnut. --
<br />=-.._:.- In die event vf loss. Boaower sha11 glve prompt nodce w the iasuraoce cazrter aaG L.ender.Lender may make proof
<br /> _ti��".�. of ioss if t�ot made prompdy by Bom►wer.
<br /> �--'�'�^�:r: If the P[opecty is abandoned by�orrower.or if Bomower fails to respond ro L.eoder arflthia 30 da
<br /> r��,�...;,,.�,,., ys ftom the date
<br /> .;t:�:;!;�rr. `; noda is msiled by I.endor to Borrower that the iasivance cazrter affels to seale a cls�im for iaosuQanoe bcncSts.Lender is
<br /> ... .�- � authorlred w collect and apply the ins�ttance pmc�aeds at Lea�er's opdoa either m resooiaoton�oT repair of the Property or
<br /> _. tu the sumv secured by this Deod of Tmst.
<br /> i 6. Presavailon � Mstntawiooe of Propertyt Leasdiol� CoBdanW�P7�unn� Unit U.�vs4opmp�te.
<br /> � Bomower shall kcep We Pmperty in good iepair and shall not oommit waste or gem�it i�rment or dete¢ioiarion of the
<br /> Property aM sUall oomply with the p�vistons of a�r lease if Uils Deed of Tnut is oa a leasehofd.If dtis beed of Tnut is `-
<br /> ., � on a unia�n a condomi�dum or a pla�med unit developmen�Bomnwer sLall perform all oE Bonuwcr's oblig�u�r�s under tbe �--_
<br /> ; docla�adon or cove�nts �
<br /> caeadn8 or Smemin8 the comlominiwn or planned unit devetapmeat�the by-laars u�d ccgnladons , �
<br /> ' i of the coniomin�um or p!anued unit develapment.aad consdtneat documems. �,`-.
<br /> b ,, + ?. PirotaHon of L�nder's Ser�lty. If Bomower fails w perform the covemnts aQd agreements oomainod in th3s ='``-
<br /> Deed of 7Yast,or if aay acdun or pr000eding is oommenood wLich cmteriaUy affects I.e�er's imFenst tn the Pinpecty.t�en �.��r;�:_
<br /> � � 4�ndsr, at Lender's opdon, W�on �tioe to Bomower, maY make such appearaaca, � s� sams, including ° :_
<br /> _.` reasonable att�neys' Eces. aad take such action as is aeoe�ary to protoct Lender's i�.If Lecder r+equizrd mortgage L,,,;s�
<br /> . .. . .,-
<br /> � �11iA00C YS 8 COII�t�OA Of 111�nII t�t lo8n SOCIUCd bV t6�s DePd of Tmst_Eormwer shtl]mv the mr�aoc+r,�niswt�.. '�.-�
<br /> �-------------- . —�-. -- r---"'-�---7���.
<br /> � - maintain a�cL ir�aoa in effect ua�l such time as the�equIneme� for such insuranor ter�tes in accordance with
<br /> Bor�vw�r's and L.ender's wrtaen agceemeni or a�pl�cable taw. �
<br /> Any amonats disb�sed by I.encler pu�svant to this pacagraph 9.with interest theneon.at the Note tgte.shall become ...
<br /> addidonal indebLedness of Bomuwer secured by tbIs Deed of Tcust. UWess Bornower and Lender agc�ee to oiher tezms of �
<br /> paymeni, such amounts shatl be payable upon nodce fmm Ixnder to Bornower reqasdng payment thsreof. Nothiag ��
<br /> ' - oonmirod in tbis pa�g�sph 7 shall require Lender to inrur any expense or take any�cdan hereunder.
<br /> 8. L�eCtton. Lender may make or c�use to be made ceasoaable enutes upon a�d iaspecdoag of the Pcoperty. �
<br /> , pmvIded dwt Lender sl�ll glve Horcuwer nodce ptior ta any such i�u�cdoa specifyiag rasomble ca�se therefor mlated ov
<br /> , Ix�er's i�erest in the Prape�tSr.
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<br />-� Heo�ta2baTSa »s Osigiaai(Raaordad) Co�y(esaaeh) copy fc�ato�erl }
<br /> v�2ors i
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