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<br /> - � � iQ9186 10/06/1998
<br /> -a��8 ,�� $�o � �, 98- 1a��
<br /> UMFORM COVBNAN75. Elonower and Lxnder coven�nt and ag[ee as foilo whea due the princlpai and iaterest
<br /> � " 1. Payment o! PrindpAl +uid intereFt. Bam+wer st�11 pmmptlY P�Y . .
<br /> indebtedaess evidenced by thg Nate and late charges as provided in the Nate.
<br /> � 2.Funds for Taxes�d in9�tnoo• Subject to applicAble law or a written weiver by Lendxr,
<br /> Bflcmwer st�11 pay ta �
<br /> Leuder on the day monthlY Paymeats of priacIpal and interesc are payable under the Note.undl the Nate is paid in tWl.c► ,
<br /> m
<br /> ' Fum(hereia"Funds")e9�a1 ta ane-tweiRb af the yearly tnxes wW assessmsnts{inc:luding ooidc�minium a�ct plaunod unit � ,
<br /> development a�neuts,if w�y)wbtch may attain priortry over thls Deed of Ttust.and gruuad rencs on the Pr�pertY,if
<br /> any.plus one-twelfth of yeuiy premiwn in�taWneats for harArd ias�uance.Plus oae-tweiRh of yearly premiwn iaswlimcam
<br /> for mortgage iASUrance. ie�y. all as reasonabty estia�ated dnittplly aud from tirae to tiux by Leader on the basis of -
<br /> •.���.� �ss�ments aad bWs atd reasonable esdmates tltereof. �at��we hos der of pdor,martgaBe or�deed ofpttust if sach ho der ---
<br /> ` ,.,� t a L e n d e r t a t h e e x t e a t t h a t B o r r ower mukes such p aymen ____
<br /> . °; is an i�titudanal leador. -
<br /> � . if Bot[ovwer pays FwWs to Lender. the Fw�ds sba11 be held in an imdtudon the deposlts or accounts of which are -�
<br /> ' lnsured or guarnmeed by a Fode�al or state ageney(iucluding I.endet if Lendet is such an i�titudon).Lender shall aPP1Y i-
<br /> a ttYe Fw�ds w pny said ta�ces.a�ts.intivtance Pnmiwas and Smwid rents.Lendec a�y nat charge for so holdin8 and —
<br /> ; - aPP�Y�B tLe FurWs. atwlY�luB said eccount or vedf�Iqg and compiliag s�id u�taents aad bWs.unless Leader PAYS
<br /> 13omnwer iuterest on the Funds and aPPlicable law permits Lender to amke such a c6arge.Borrmwor and Ixnd@r n�ay ugr�e �
<br /> '. in wrldng at the tinoe of eacecudon of this Deed of Tmst t4at tutetest on the Fuads sl�all be paid to Bormwer.aad tmte�s
<br /> L':. s�ch agceemem is made or apPlicable law requires such intemst to be paid�Lender shatl notbe required m pay Boraov+�a .-
<br /> --- µ ._.__...,,.,,.....s....o.���,.rr�mda. i�nder staa9�r�to Horrowee.wlthaut ctrarSe.an aimu�il scxoumin8 of the�v� -
<br /> _----- r- °"i°,•".••."•"......-""°" � fo:wUic6 each debit to the Fuma was mauc.ru�r,�«::�.� —.-
<br /> :.•'� ' sUowing ccedits sud debits w the Fewds acr�oi��e --
<br /> � •,: pledged as addldOnal secarlty foI t�s�as sec�a�ed bY this Deed Of'Frust. le �os¢� °'i"i":
<br /> . ,,,,.,�r, ; If tho amaunt of du Funds lneid�y l.ender.together with the future motuhlY im�1�'of F�nds PaY� P =
<br /> remiums and 8�'ound rents.sfi�excecd the amount reclulred to PaY s�id
<br /> . the due dates of ea�es.a�sstnents.�P —
<br />.� � _ �� �� i�,�ce Pn��and Srou�i reuts as they faU due. s¢cCn excess sl�il be. at Borcower's opdon. _
<br /> � ,�� either promgtlY c�a�d ea�omuvrer or cr�dited to Sor�wer on monthDy ir�staGIlo�zdts of Funds. If the amaunt of the�nds
<br /> held by Ha�der sbaU not be su�cient w pay texes.as�nnenls.insu�P�ums a�8��m�as they fatl due. -
<br /> Homnw�a s'lull FaY to Lender any amount�cessarY to make up the defictencp in oae or more paymenis as Lender�ny �
<br /> . . a+equim.
<br /> t t�'s'l�aYmem in full of ai1 su�ms secured by oYais Deed of Tn�st.Lender shall pmmptly refimd w Bor%YI�ender
<br /> -- -T---'r�� � iield by�arot5�r.If»uc&,^c pacsgru�h 1T hezeof the�rtY is sold or iiar Fi�etty is aiker��� -Y
<br /> . ' ' � rlor to the sale of the PcopertN or tts ac9uisidoa by I.ender.any Ftends held by
<br /> .� ,.%.�: sLall a�'�lY,uo later thsn�iateA�p
<br /> :,;:,,�,
<br />-, '��?f,;,;;.:,,i111 Lendai u¢�tbz time of appl�cadon As a credit agaiust the sums socuced by this Doed of Ttust.
<br /> 3.Applicatton��ayrneafs. Untess ePPUcable law pmvides othenwrlse.all payme�s[e�eived by Lender under e9�e
<br /> � .,`��', �rag IIimounts paYable to I.endelr bY Borrower
<br />`t .. .., hs!unr12 hereof shalt be applied by I.ender fust in payme .
<br /> Note and paraS�aP le on the Nou.and then w the Pr3�ciP�of the Note. �
<br /> w ' �mder pairag�aph 2 hereof.then to i�ueresc PaYab u���ver s6a11 Peiform all of Borcowe�r's obligadonss •
<br /> r°... . 4. Pr[or Mo�tE+�8�and Dad9 of'M�sti Ci�rg�
<br /> under a�►Y +mortgage. dced of a�st or other secudty agc�meal��7eh tt lien�a+htch has p�tortty over dils�eed of 14ust.
<br /> **•'•; - `:• ' • nts when due.Borrower atiaq PaY or cause ro be paid all taxas.ass�mems
<br />�:,... � , includiog Boicower's coven�to make PaYme which may att�►a pdortty over ttds�'�ed of Tnist.
<br /> a a d o t h e r c h a r 8 e s•fines and i m p o�dons aurtbutable to the PropertY �
<br />-�,`.;�:'. F: ' or und teoss.If any.
<br />-:,Y_,,,,,,�� . and le�sehoid paymenls Sio or herea�er etected on We ProPettY
<br /> -''�•� Bonower si�aau 1�eeP d►e imProvemeats now existin8
<br />_��?"�� S. Bas�ttd Insuru�oe•
<br /> u
<br />�°;�.`�"�.:":;��`,�, �,,,���q��j�y loss by 6re.hazards iacluded wltt3n rhe term'ex[es�ded coverage'.and such mtheY Barards as Lender n�aY
<br /> .j. �7`5RL IILi{4W w�j'°"""'
<br />>�7;�'y�'.; ye;,rr�. OdS aS LCDdCi 1nAy�t�•
<br /> y... . , .;; U�t�C 80d�Q StiCh SmOUMS S�d f0i 811Ch pClt j�p�(et;pIqVI�.
<br />=���`����.��,`.�� � 'IZre I�urance catrter providiqq the insurance sball be chosen i�y Horcower sub3ect w�pprovallfY
<br /> �{`. � � tbat su�d►apProwal sfinl{ aot be unreasomtbly with�eld. All �P�Dicies s►nnd nnewals theteof s�ull be in a form •
<br /> =,�' �' ¢lause in favar of a��d in a form acceptable to:I.ender. Y.ender
<br />-'•�- - � �bi$to I.ender aad shall iuclude a standerei mortBaSe
<br />" shail have the dght to hold the pol�cies and renewals thereof.subject to tie�t$rmS of any►mortgage.dood of•aust or otha
<br />`jl�: .:�=�:. ment with a Iten wLich has prlorlty over tWs Doed of TmsG •
<br />_ s��� �da to ths insw�ance car�ier and Lrnder. Irendea 1�Y�g•l�g
<br />=-- "',,;,;�,� In the tvent of loss.Borrower shail give pmmpt ,
<br /> `�.°�`�'►^`;.. of loss If aot made P:'nmpdY bY Horcower. �to I�let wlthin 30 days.fi,rom the date
<br />-,:;,+y'' :-' If the PropertY is abandoned by Borrower,or if Bormwet fails to t�espu
<br /> a,.:; +. i;l�'�{�,. '
<br /> -►�i•., .. �„.:.:':::," .nutloe is mailed by Lender w Borr�u�er that the imvra�e canier offrrs w seule a claim�r insvraace benbHts.Lentler�s
<br />�� �� :.�''�':`� Quthociud to collect and apply¢he insuranx P�s at Leader's opdon dther to reswndnn or repair of the Pt�opecsp�sr �
<br />- ro the su�secu:ed�y t�3s Deeab of Ttust. Ids Co�e���nsi �a�ed Untt �.�satup�s• • -
<br /> u
<br /> , � . 6. Presavatlom a��s$ MAinteuanoe o! Pa�patyi Lea.sd�o 3 nt or ddtar5oxadon of the --_
<br /> R Bornower sball kce�¢@�1Paol�ertY i�g o�rePair and shall not comm�t wasa��x�t impa�m�e
<br />- - prapsa�y and shall comply with tht�rovistoas of any tas�if eh8s ID�eed of 7�ust is on a Ieas�oW.If tiais Deod of Tae�.�t us �
<br /> om a nw�t in a condomimum or a planned unit developaaemt.B��er shaU perform all of Bormwer's obllgadons�ea n�.e c-
<br />- , wz
<br /> � desDuatian or covs�wts creadn8 oz 8ovemi°8 the condomiuium or ptam�od unit development,the by Iaws a�d rega�➢usdams --
<br /> . ;.� �_-:
<br /> of¢tie oa��a�mr plannod wdt develo��ma.and cans�ddunt docuureffis. ::-
<br />= � 9. paat���'�s�ti'. Yg�rower falls to perfoim�e ooveuaIDts and a����'� �..
<br /> � �' �� lAe��B'D'ua�t.or 3f wy�ctu�m�r�s�eodin8 is commeneed whlch materiaiiy a�II�►ea'�interest ia the Ptopert3►,then :�..:.
<br /> , �. . . -
<br /> � . u�cBaaflsng
<br /> ,-,. Q�5�fi1[SC SUC�1 SI1flIS.
<br /> . b
<br /> ' ,.---''-----`-��. r�...1e. � i�m6�r's a�S�. 17�:� IIOt�CC t0 BOII�OWCf. mSy TI�CC SUC 2�� �;;
<br /> - - ���� � �'_ . <---_.... re t.�.1...rn��:ms�tsetc4Q�91Ae �=•..
<br /> �y ----;:� �soaable suams�r�'�.and tako sucb acdon as is 000�aTY to Pr�'-�'�s"�°•°°�"'•. •• •."..... .","..��_�_ E::
<br />' , � ' imvr�noe as a c���on of makin8�he loan secured bY this Deod of Trn�t.�orrower s�all 1�aY tho�as�iums eeq�o3r�d so � ;
<br />= mai�ain such iosurance in et�'ect until snch time as the reqn�remeut€�r euch ituvcanx termi�tes ia�� ��` :
<br />- . , 8onower's sud Lender's wrtuen egtsemeat or applicable law. �
<br />- " psy�m�unts disbnrsed by I�ender puesuant to this pu�g�h 7.wlth Inte�t thereon. at the Note rate.s6all b000me
<br />- AddiHomd iudebted�ess of Bormwer socured by this Deed uf Tiust. UWess Borrower and Leader a8�e theieof. Nothiu8
<br /> payment. such amounts shaU be PaYal►le upon aomice fcom Lender to Borrower re9uatin8 P�»Yme
<br /> ° ., comAin�d in tWs parag�sp�7 shall raluire Lender to incur ony expense or take a�ry actionhennmder.
<br /> - Lender may make or cause to be mzd$reasonable euuies upoa aod Inspecdoffi of the P�opertY•
<br /> 8• �0°• n ce��ble cause deecefor celated to
<br /> - -_� pmvldod that Lmder s6aii give Borcower nottce prior to any such insp�tlo specify�n8 ,
<br /> -_-- _ :.��.,��:.� t�uLer`s inteoest in the PmpertY. �,;•
<br /> { � paye 2 of s
<br /> - isebraata 26876-4 1/98 Ori�iasl(&�aord�d) Copy ZBrsnah) Copy tCostoasr)
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