|
�•a� � --
<br /> i t aN � �' i i iF4ls'��'�,'f'�,� k' a -a,`�"�� (�I�E'''�'+� iF�^ '�`3�� �'-v— �n�'at`g25.m,.�i.,rrr4. -
<br /> ��� ��ifti4�§Y�� ��'���� ��Z: �!!Na'�,[�� �"-a,". _ ��.u,� ... . -
<br /> ..- 'T. f.. � r(tyl�_.. .'�1L.V• . C. .. .� � � �. .
<br /> . , ,�.1•" • � , ' .. "
<br /> t ja
<br /> '.-titc
<br /> ..�j.�p�� . . . " . .
<br /> . �
<br /> , . . � ..� .' .. . . ' . . .
<br /> . �..:a... �. .'• . • ��'.
<br /> _ ' .�''°'°` �' —•'-'-'-'-- -- -._.._..__.._...._.. .. ..... . ... .._..._�_..._........, .._..'-- . ... . ..:�.-.. . . . - . . ..�x�i.�
<br /> UNIFORM COVENANT3.Bonowar and Lender covenant and egree e�e tottowa: 9e� �a�� �
<br /> • 1, Paymsnt of Pvloolp�i and i�tee�eat.8orrower shail promptiy pay when due the prinaipel snd interest indebtedness �
<br /> � � . evidenc�d by the Nota and late oharges as provfded in the Note.
<br /> �. Fundsfor�Mxss�redinsu�ne�.Subjeat to eppllcableiaw ora written wafver by Lender,Borrower shatl payto Lender
<br /> � on the day monlhiy paymenta of princlpat and interest are payable undor the Note,untlt the Noto Is paid in tuil,a eum(hor�in
<br /> , � "Funds")equelto one-twelflh ot the yearly taxea and assessmente(Including condomiMum and ptanned unit development � �
<br /> . � . � L193039R4dflll9.ifany)�ahichmAyRttc�inprlorityoverthlsDeedoflFust,andgroundrenteontheProperty,ifany,ptusone�tweltth �.
<br /> of yearly premium inatalimerita tor hexard insurance,ptusone-twetfth of yaarly premium inst�l�ments for mortgage insurance,
<br /> if any,atl eareasonabiy e�imated initlatiy and irom time totime by Lenderon the basls otassessmenta and bllls and raasortabte
<br /> � • estimatesthereot.BorrowershallnotbeobligatedtomakesuchpaymentsofFundatoLertdertotheextentthatBorrowermakes
<br /> ,�,�,:; suah paymentato the holderof a priot mortgage or de�d of truat if suoh holder is an institutional lender.
<br /> ; ,*�, .• ItBorrowerpaya Funds to Lender,the Funda ehali be held In an institution the deposita or accounte of which are insured
<br /> ' � ar fluara�tead by a Federal or state agency(inciudirtg Lendar If Lender ia suah an institutlon).Lender shall apply the Funds :� ; .
<br /> � ` •:•;��:;.�;,'.' :
<br /> � to pay said ax esa er�ts�insurance pramiuma and ground renta Lender may not cha�ge fo�eo holdtng and applying � ,,,.:
<br /> � the Fwds,ar�a�i��unt crverityring and compiling sald asaesamema and bpis,unloss Lsnder pays Borrower interest ,:�',,;f`;;`�:�
<br /> � ontheFundeandappticabtelawpermltsLendertomakesuchacharge.8orrowerandL�RdcFinayagro�Inenrritingatthetime '~���_-_
<br /> • of execution of this Oaed of ltust that Uterest on the Funds shali be pafd to Bor�ower,aer.�ure��ass such�g�a�mortet€s+nade or �����`_
<br /> �� applicablelawrequires such interest to be paid,Lende�shail trot be requtred t4 pay IBoau+�w�er any interest cr��rNrt�s aT the �-_'�y
<br /> ' Funda Lendarehail flive to Borrower,without charge,ao an�uat account3a�g o9 th��unds ahowi�g credite and da4xiEs 4o tb�a �
<br /> . �_.
<br /> • � � {FUndsactdthopurposetorwhlcheachdebittotheFundswasona�Q.TOteFta�dsaro�otoday�dasadditlonalseoudtytarBP��sums ------
<br /> secured bytPriaDeed ofTtust. ���.
<br /> -- - � ���_;R:
<br /> � ��� � Ifthe amount otthe Funds hetd by l.ender,togather with 4�e 4na4uro enae�4hty instattrr�e►ts of�unds payabta priar do��e dua t?*{�.F�.-
<br /> dates of taxes,assessments,inauraee�m prem��c�s and ground rents,sh�stl exceed th�amount required to pay s�id taxea, ,•;,,
<br /> . 1�=-�+�-
<br /> • assessme�s,insurancepremiums and ground oae�as they taildue,such excess shail be.at Borrova�r�op3ion,either promptry �.� , _3
<br /> . c+epatd to Borrower or�u�SB�d to Borrower on manthty in s t a l lmentso i Fun ds.1 4 4 he gmou M o f t he Fun ds he t d by L e n d e r s h a i l ;�c.��.�
<br /> � � � �ot be sufflciar�ta pay 4�ces,assessmertts,insurance premiurne ared ground renb as they tali due,8orrower shall pay to Lender ���=-�_
<br /> �� .��'�;.� any amount necessars/�make up the de�ciency tn one or more payments as Lender may require. '��,�;
<br /> ,�.
<br /> � Upon payment in�vl►of alt sums secured by this Deed of ltust,Lender shal I promptly refund to Borrower any Funds held ��:a;-�•
<br /> ' ':,,.'��� by Lender.B under par�sgraph 17 hereof the P�operty is sold or the Properry is otherwise acquired by Lender,Lender ahall appiy. �__-��:;
<br /> ' no later then immediately pdor to the sale ot the Property or i�acquisition by lender,any Funds held by Lender at tho time �,�-ri�==
<br /> ,2t.� �!w�tie-..:»Ion as s credit agatnst the sums secured bY this Oeed of'if�ust. ����.- _
<br /> � l�E,.� 9. �1pp94Cationof Pnymerna.Unlass appitcable law provldes othenvise,ali payments received by Lender under the Note
<br /> 1`,�;�t artd parsgrnpha 1 and 2hereof ahall bs applied by Lender flrst ire payment af amounts payable to Lender by Bonowsor under ��`'`--_.
<br /> ��i�4�:� . paragraph 2 i�ereof,then 4o interest payable on the No t e,a n d t h e n t o t h e principal ot the Note. -
<br /> � 4. Pdor Nortg�geaand Deede of'Itust;Chargea;Liens,Bo►rower shaii perform all of Borrower's obiigationa under any
<br /> � �' �; rnortyage,daedoftrustorcthersecurltyagreementwithallenwhichhaspriori8yoverthisDeedof�tust;includingBorrower's
<br /> � ' �%�.`�� :` covenaMsto�nak�payroerttawhen du�.Borrower shall pay ar causeto be paid atl ta�zes,��merns nnd ottsor cfiargss,fEnes �--- -_ �=-
<br /> ;:�;<S � and(mpasillonsattributabletotheP�ope►rywhichmayattalnapriorflyoverthisDeedo4lt�ast,Andteasehoidpaymernsorground �`=���-"_.�
<br /> , , `+`�;,�� rents,if any.
<br />- � S. Hera�d Inauramce.Borrower shali keep the improvements now existing or hereafter erected on the Property Insured
<br /> -_.,�,.�;,�t;,;�.�,;; against lags byflr�,haaarcia tnciuded within the term"extended crnrerage",�nd auch other hazards as Lender may require =__
<br /> - }�.�'>�f�'%�':% and in such amounts�xnd tor such petiods as Lender may requine.
<br />- �''`'}�;'"��+�r�. 7tie ins�rencecarrler rovidin th�inau►ance ahall b chas�+n b Borrower sub ect to a roval b Lender;provlded�that �
<br />;:� :-� P � Y Y 1 PP Y ���-
<br /> ��•���•�� ,�� � such approvaiahmll notbe unreasonabiy withheld.AI{anaurance poif�les and renewals thereot shall be in a form acceptable �'�°�
<br />-�;:'•��"'°-";'� to Lender and�Q in�lu�ie a standetd mortgag�clause in favor of and in a brm acceptabie to Lender.lender shalt hava the
<br />-"�;,-¢:_',`°-t�: " righttohaldthepofici�sa�drenewaisth�reof,aubjecttotheterrnsofanymartgage,deedoft�ustoro4heraecurityagreemeM
<br />� .�.. :��:�:� � with a Ifen wh�h haa priorlty over this Deed ot 7tust.
<br /> `''�� � Borrower s0�alt give prompt notice to the insurance caniar and l.ender.Lender may make proof ot loss .,,�.
<br /> ;�� � .. ��•,:is � Intheeventofloss,
<br />_ � �•;; .•,;.��` ff not msde promptiy byBo►rower. �'�':.
<br /> :_�� " R(� It ttie Property is abandoned by Borrower,or it Bo�rower tails to respond to l.ender wfthin 30 days irom the date notice is "-"""'�'-`�"``
<br /> . �.'I =--
<br /> • .�1 ���:� " maitod byLender to Borrower that the i��surance carrier offers to settle a ciaim for insurance benefits,Lender is authoflzad _ -
<br /> "=",i�•;�v',.. mcol{eci�ndapp�yth�insurareco�raceedsatLender'soptlonefthertormst�rAtionorrepairvftheProperiycrtothesurr+ssecured ��;�,,,�„„_
<br />, r-�:� ,�;;;:r, by 46�i�R�eecD af7tust. `t�t^'
<br />_ . �.�n���=�1�;y1� -..
<br /> s�,.,., ,y,,�. . B. i�rert�rra4ton and Me9�teaoanceof Property;Lease4�at�s;Coadominiums;PlannedUnitDsrelopm8ea�i.8orrower �;.,';
<br />���� _ � ahatl ke�p the Property In good re}zair and shatl not commit was8�or permft impairmen4 or detedoratton of the�r�r9erty and !��•:�°
<br /> Fa���:�
<br /> � � ' � shail camply with the provisians mf any Iease it this�eod of Tva�st is arn�leasehoid. If th(s Dee���is on a unit in a L--�-----�.
<br /> a�.�.�._
<br /> �. . �,:�.::.�«d_-_.
<br /> ;:�;.: � condomMfurr�or a plamed ucn�e df�a�elmpmerit,Borrower sta�ll}�rtorcn all of�ortawer s obtigaticrts u�der the deofaratton or r;,�,_
<br /> �'�' ��- covenarnecreatlngorgovemingttt�condominiumorplannedian4i��deaeloprrtarit.theF����rsandreguiatlonscttkemm�stomfnlum -��„�•:�-
<br /> - . `''�`' ¢
<br /> or planned unft devetopmeM.and constttuent documents. s ``��
<br /> � 7. ProteoUon o!landor's Seaurity.if 8orrower fa(Is to pertarm the�renaMS end agreemer►ts contained in 4his Qeed �����-�
<br /> h. ot Trust. orif any ectl�nor proceedtng is commenced whlch matedaliy affects Lender's tntereat in the Property�then lsnder� `'�==�
<br /> - � atLender'soptlon. ��4�A�.^-=
<br /> uponnotico to Borrawer,may make such appearances.disburse such sums,including reasonabie attomey8' .�-,:�„-
<br /> no
<br /> fees,andtatcesuch actbn as is necessary to protect Lender'sinterest.Ii Lender required mortgage insurance as a condition �,-T;��T;�;--,
<br /> " - ofmakinglheloansecuredbythisOeedotTrust,Borrowershaapaythepremiumsrequiredtomainteinsuchtnsurancelneifect � �&,
<br /> _ untilsuch8rr�eastherequiremeMforsuchinsuranceterminatesinaxvrdancewRhBonowersartdtsnderswrittenegreement ,,z�v���.
<br /> ---- ot appl�ceDte�aw
<br /> Any arrtounts dlsbur�ed by Lender pursuant to this paragrsph 7,with interest thereon.at the Note rate,shati become �°���;�
<br />- " sdditicnalindebtedr►essof8orrawersecuredbythis0e�dof7tust.Unless6ortawarandLenderagreetoathertermsotpaymeri't� ,�'`'�
<br /> such senauntashall bepayable upan notice irom Lender to 8omower requesting payrr�eM thereof.Nothing coMained tn this '
<br /> - . paregraph T shall tequire Lertder to incur any expense or take any action hereunder. �
<br /> 8. frup�cNon.Lendermay mata�or cause to be made reasonabte�rrifias upon and InspecNons of the Property.provided ;"
<br /> - , V that Lender shaii give Borrower notice prfor to any such inspection specifying reasonable cause therefor retated to Lender's
<br /> intereat tntheProperty.
<br /> � 9. Condemnation The�uoaeds ot any award ar ctaim for damages,dtreot or consequential.in cannecUon with any
<br /> 4 condemnationor othertaktng of tho��aperty,o�part thereof�or torcorneyartce in t�eu oi condemnatlon,are hereby asstgned �
<br /> - and shali ba pafd�o Is3nder,swbJe�t tu N�o osrms ot any mortgage,deed of trust or other security agroement with a lian whtch
<br /> has pdvriry over 4his�aed of'ih�st. .
<br /> CAOE 2
<br /> 1 . ' I '
<br />
|