|
��}.r....w��,f,G'� v��fs,��'' p,h�,t�j�,�3:z.----� - �s�� ..-�;.��-:.:cr�.�viuowz�at ..S•g+.�w».�.,,�,..r�-. . : . _ - ._ --- - --- --- - - - .
<br /> .d..U..�Y r �� ��� tit �'- 7- � s4"` i�� u���.,y � 1•i Q r . � s �!b'1S�n�`N�• '
<br /> - � .•+r .� I�L� � S s -11{i':j%'=� 77- �.e` �I�E� ! ���):. 1-. . �.=_'..i.f` �f± ;r
<br /> � - . �..� %f f}it�� rB�fi\.T _ t - . ts � wi' .
<br /> ,�Ji� t, r.t �.. . � .�.�. ��_� .:i
<br /> . • .� • , -_p?.;}.S�it; . .
<br /> . � . :Y. . . .. � ..�..i/:^ . ' .
<br /> :E� ' _ ..
<br /> � .
<br /> ,
<br /> .��- ' � •
<br /> ._ . .- --- •— - - - - — -
<br /> ,. . - .. — . ... - — -- -- --
<br /> _.�
<br /> �. .. -ar.�r+.r�---=---�-.. - ---- . .-� �__ --.—-° -, - — — .._..,__._ . . .. .
<br /> � - -- -,.._...�..,�_. . . . ..�_. ..� � ... __., _ ,. . ____� . _ - _ . .
<br /> •.--
<br /> .. -- � � _
<br /> .. - ' '_'�_ �-_---"-.�'_'
<br /> . ..�.�.�v._e.:., . -l� _ � ' ��� .. ..._ .. ._ . .. ....
<br /> :_'_
<br /> _ ..
<br /> - � - .__...-..._. .. ._ . ... . ... .........._....__... .... .,. .:'
<br /> •�+nr11�Y��s
<br /> ..'.:_��.-...._"
<br /> • ' COV�tANTB ��' ����� ,
<br /> 1. Parmsnt�. Bonower spreea to moke o1i paYmento on tho aocu►od d3bt�vhon duo. Unlosa Bonowor ond Londor aproe otharwloe, eny
<br /> � peyments Lende�nceiw�from 6orrower or ro�BonowsYs 6en�fit wlp be appUed Wat to any emow�ts Borrower owoe on the sewred debt ;
<br /> not�roduco or�excu e�enyt�echeduted paymenttuntll ti�e�aeohuen�d�ebt ts Raid In tu lal prepayment of the eecutod debt accura tar arry raaaon,It will
<br /> 2.Cldms Aa��yins4 Tht�.8br�o�ver�vlil pay a►I texe�, aseatmei�to,and other chargea attrlbutnbte to tho property wMn due and w111 defend title
<br /> defenias whia�A�Bortower nliy�hivs ipi�nst pidrttie w�hoiupply labor o�emiteilale to Improeve or maintatn Bhe propertya�e�fln any�ghta,claima or
<br /> � 9.G1:urCnzo Dorrowcr v�ltl hee�the properiy Ineurod unde�terms aacaptebie to Londer at 9orrovlar's oxponso end tor Lo�dn'o banotit.A!� ._
<br /> Inturanes pollcle��h�tt tnetud�� �ttndud moR �ps at�use in fovor of Lendsr.Lender wtll bo namad eo foae peyee or es tiie InaueO on eny cuch , ;.
<br /> Imunnce potloy.Aml intwancl procuedt m�y�s sPptisd,withtn Lender't dleuetlon,to eitAar the restoratlon or repalr of the dunc39ed p►openy _�;
<br /> r or to thu tecured debt. It Lender requlret mortpsp� nsuraneo,8or�ower epr6ee to mninpin suob Inaurance for ae long es lend�riequUee. _ _
<br /> `{X-�
<br /> ` °"' 4.ihop�rqr.Borrown wlil keop ths proporty in pood eonditlon and m�ke ell ropalra roesonebty rteceaesry. ___�'�.
<br /> :�:qir'F�' pe
<br /> °� �� of uu�et oi�n eny ohupaifon necurea�by thle deed ot trust�s�orio�v o�r wNl pey these emoun�toeLenderpas provtdad kn Cova eVnt 1 of thiahdaed of �_�.
<br /> � � . uust. _--
<br /> � ' 8.Ptia 8 t sq.Unteiss Bortowar flnt obteins�.endeT'�vuritten consent,Bortower wfll not make or permit any eh�nper�to any pflor =-
<br /> , � i c ue1 o�eoriower�0 ovananti t make peYme^�whe°pduo.bllgationa undor any pAor mongepa,deed ot Kuet or othor saarity egreement, -
<br /> ' 7,Aulpnmsnt af R�Mt afd Profla.Bonower aealpna to Londer tha re�te and protits of the propeny.Uniess Borrower and Lender hevo epreed _
<br /> ' otherwfae in wrtti�0. Borrowor mey calteat cnd retein the�ents as tong as Bo►rower is not in deTeuit.If Borrower detauits,lender, lender'e
<br /> egeqt,or e court appointed receiver may take posseasion and menege the propertyr and cotleat the rents. Any rents Le�ar m{Iects shatl 6e
<br /> � applled flrst to the eoste of inenepinp the property,inctud[ng eourt costs and attorrteys' tees, commiastons to rentai a aena,a�d any other
<br /> , � � nacessa+Y re�eted expenaes.The temafning emourK of renta w[II then apply to payments on the secured debt es provided in Covaia�t t.
<br /> - , �,: 8.I.�p�hotds Condomidumr,Wann�l Udt D�v�topmanto.Boaower sgtooa to com!y with tha prov{sions of eny toase it tNa deed of uust is on �_
<br /> -- --.__'- '� ��,- ..___ _. �.i.i�w��w..��«�w i.w..e unh tn n nenAnminlum m s OlaN1Bd U(fit Sevebpment.BOAOWBt WIII pBHOtT 8Y O¢ 80��OVlBf'8 QUtiBH
<br /> _-_—�_.-1ti'-� a.ow��.w.... .. «..----'-' •-'- --
<br /> under the coveneMS,by�tevw,or�egutetfons of the condominium or v�a�viea untt davelopmsnt.
<br /> ' 9. Authortty of L�r►d�s to Pxform tw Borrow�r.If Bonower faHs to partorm any of Scrrona�'s dwYias usedsr tQejs d��d oB m�su.Lvs�ar may �,_
<br /> paHorm the dutlea or ceuae them to ba pe�tormed.Lender may algn�ottowers ���ef�Y e7►Y amourft i4 naso398f1�4Ct�arfozmtatrco,lf anV
<br /> ,,
<br /> beaor�ity�tnieres�t In��tha D p�ertyaTh�is may Ina�iude compl�rtg tRe�ns4tucaY��aT��• �nsPOT mey do wha4o�r Is a�aee�caaqr�opraxtec4 0.,onA3Ya
<br /> lsnder's faiture to perfarm wil not preciude Lender irom exorcisEng amyP ot its other rlp?�ta under the law or this deod af 4vaat.
<br /> and w U bea�r in�rest fromdtta daPe of dfe payment u�t�paidtin7f�up Ati ih8 hite e�s6ta t�e in ffe�on tl�e ecured deb� �val Qu Auo on demand
<br /> 10. O�feult and AccelKetlan. If 8ortower fatls to mat�e urri+ payme�t when due or 6reaks emr cove�enta under tQ►ia 0oed o9 truat w any
<br /> , . � obligetlon seeured by thfa deed of uutt or arry prfor mortgege or deed of trust,lender me�V e�ccelerate the meturitV o4 tho ueured debt and ---
<br /> demand immediate psYmaM and mey invoke the powar o7 eota and a�y othar remedles permitted by applieebte taw.
<br /> _•_
<br /> -
<br /> � - 19,i�aat far i'�atfce of i.ki+wh.ii is i�areiw ra�ua��ae i:.a:�:,oFias at tlse tsattps af dsfsttt!en�!w►n hw aa�n to esch Qersa w s a pertV f -
<br /> hereto,et the address of eaeh Bueh pereon,es eet tonh!►eroin. .
<br /> • " 12.Pow�r of SN�.If the l.ender Invokes the pawer of sa►e,the tius3ee ehell ftrat record in the offiee of the reetster of deed�of eech wuMy
<br /> wheretn the trust property or aome part or percet therec►f is tHuated,a noNce of de[ault contatninp the informetion roquired by�w.The Trustee
<br /> - BhAll 8180.Ipai1 coples ot lfie notice of defauit to tho 8onowor.to bach person wno ia s party Freroto,end to other persona w �rescribed by
<br /> " ' " 'eppticeb►e�raw. Not tesa ihen one mor►tl►after the Tvustea records�the notice ot defeult or two moMhs it the trust propaq► la not In any
<br /> Y�• � Irtcorpo�8 d city or v711B8e end la uaed in farming o�eretlora carried o�bY tAe trtator,the fruatee shatt yive pubiio notiee of e+te to the persona
<br /> +� , antl in thp manner presalbed by_eppplicable law.Tru�ttea,wltfwut d�tnend on Bormwer,shali Bell the property at pubQo iuotlon to the htghest
<br /> '� btdder;•If re�uirod by the Farm Flomeatead Ptoteallon Aot,7tuatee oPeaA offer the property in two seperate eates a requirod E�applieabie taw.
<br /> ' r� ���' .j pdai ci�i�d ssig�nee may qrcha6�e property a�t any sae!�by puDllo announesment at the ttme and ptuce ot arry previouaq echeduted ea►e.
<br /> ,t- ��nr. �x �Upon reoeipt of paYment ot the price btd,Truetee aha11 deliver to the purehaser TNStee'e deed conveyin8 the property.The r.adtla7s cbntafied In
<br /> . ,:... .. Trustee's deed shall be prima fade ev(dience of the truth of the statemeMe contained theretn.Truatee shntt eppty the p►oceed�of tfle eate in ths
<br /> " • �el��na etameM feeaeylb)to�e l!�mesecured by t�hls deed of�tnist,and(ct the belance,eif8a�t�o tThe p�e ona legally etenitted to raCe"tvb�ft.�� e�
<br /> w'���� . 13,Fonotoaur�.At Lender'e optlon,thla deed of truat tnay be torecQmsed In the menner provtde by apPllCebla Iaw for forociopue ot mortpagee. � , �
<br /> -_-��� '���,�` on roat property.
<br /> ±...�4�� 14,Inso�otian.Lendar fnsy enter the property to inap9at it H Lend�r glvea Borrowe�aatice beforehand.'The nqtice must stero the reaaonablw! �,
<br />=�=•'�'_?f'?"��_�}� aauae for LendeYe fnspeation. .
<br />�._=;�-.�
<br />� v �'��` 16.Caed�mrtlon.Borcower asel ns to Lender the proeeeds of eny awerd a cEaim for dameQ es connected wlth a.wndemnaikn 4t other tak[np
<br /> }+l.Au...,�
<br /> ���,��• of ell or any part of the property.�uch proeeeds will be applted as provlded in�ovo�ant 1.Th18 esslgnment ia eub��ct to tfte rottre of airy prior
<br /> seeurity egreemeM.
<br /> `� `�f"r^ 18.Walr�r.By exercistnp em►remedY avalleble to Lender,Lender doea not plvo up�any NBMs to teter use any other�mmec3�l.By not exerc[sing `
<br /> me
<br /> • �r`;:• a�y romedy upon Borrower'e defeutt,lsnder does�ot walve any�ight to Inter c�nsi0er U�e event a default ff it hapyens apelro.
<br /> :...:.�.a,_.�- -- --
<br /> -_ `��` •' t7.Jolnt at►d S�wral L[�Co-slWnrr, 8ucc�s�ors and Aalyns Bound. Aq dudea under thls deed of vust ero Jolr,;t�nr��averat. Any
<br /> - �� Bonower who aralgna thls eed of truat but doe4 not co-sign the unde np debt I�sbument(a1 does so ohhr to �I�bd convey that
<br /> °=��::..� Bottowers irteroat[n the propeny to the Truatea under the tmmitya of thla dee�of uust.�n edditton,euch a 8ortowar ag►aea tlat�the 4ender and
<br />�.�3�,,.. ,• _., sny other 6ortower under thls dead of trust mey extend,mod or meke amr cther chnnpea i�the terms ot this daed of tfust or the aecured
<br />— ,-.p.w�•- ' d e 6 t w l tl a u t t h s t Borrowar'�conceM and without reteaatng that Borrower irom dro terms of this deed of trust.
<br />�.��..�.�.
<br /> '' •;D�6 •• ' The dutles and benetita of thfa deed of truat shall btnd and benefh the successors end eastgns of Lender and Barmmwar.
<br /> :.��. .
<br /> � �� 18.Notle�.UNeas otherwlte�oqulred by�aw,any noU�e to Borcower shetl be gtven by delivering k or by mailin,�o u�by�aNNedmail eddreased to
<br /> - Bortower at the prop�rty eddress or eny otAer eddress that Bortower hes ghren to Lender.Borrower wlll gfve a�y oeA3ce to tt�ar by oertiflod
<br /> � malt to LendeYs addreu on pa9e t ot thta deed of truat,or to any othar a�drese whlch Lendor has dosfpnatod.Amr o'¢E�ar n�roioa Qo lender sheil --
<br /> be seM to lender's addreea w stMed on pape 1 ot thls deed of Vuat.
<br /> Any nottee ehetl be deemed w hevo bean glven to Bormwer or Lender when glven fn the menner statad above.
<br /> J� � ' �8,Te�rut�r o}t�prop�t�a�B�flo1v tnpnst in ttN Boriow�r.H atl or any pert ot tl�e preperty or nny Interoet in ft ie rold ot Kenafemd �_
<br />- wkhout LendfPs prtat wrttten aonse�t. Londer may demsnd immedine peyment ot the secwed debt. Lender may elis detnend+immedkte
<br /> � paymeM If tM Bor►awe� i�not e netu�parson and s beneflatel interea3 In tho Borrowot ts eotd or uansterred.Hoxrever,Lender may not
<br /> dem�nd psymeM in the above ailusttons R is prohlblud by tedera�law as of the dete oi ihla daed of vuat.
<br /> i 20,R�aonwpnc�.Whsn the obt{patlon aeeurod by thla doed ot trust hae Deen paSd tnd Lender hea no further obltgatlon a �nake edvsnoes =
<br /> •c under the EnsuumerKs or semenri securod by thla deed of truat. the Tnietee eha1�upon wrltten roquert by the lender,rocomroY the vuat _�
<br /> � _��„_ .� � propsrty Ths Lende►�hatt�eliver to ths Borcower,or to Banower's sueeeaaor In fnterest,the truet deed and tne note a csUar evidenee of the
<br /> ---- .�I.(1..� Ow��nrr�r■lull e�v anV rlCGf�On COIIU.
<br /> �� . _ �...�..�..���..�.�. _.'_'" '
<br /> . � �1.6ueetst� Tnt et st Len�er's o�on, msy removs Ttueteo end eppolnt e successot truatee by tirot,m� e eopy of th9
<br /> ` subttitutton of tru�t�es�lr�d by app tceble ew,end then,by 8Ii the eubatltutton of truaee for�ecord in the otfice of tM roglater ot deeds ;'s
<br /> sueaee io i iytM p�owsi.dutle euthoi�s�tltle o�the tTn�is�e�nam6�sdain tdi►e eed ot�vust and of e y eucaetso mist��t the propeny.shsll `.�,
<br /> r�
<br /> :;
<br /> i ;
<br /> . , �
<br /> - /pfpl'10/�/ .
<br /> .. BANkER98Y87EMS.INC..BT.CLOIA.W166SOt It�R0O391•2SAt1 F011M OCRMT�I►iE MI8/81 _
<br /> --'`-_- -- -_—� �
<br /> �
<br /> :
<br /> : , ---
<br /> . � ---^-- �
<br /> — _._.�.....,r—_
<br />
|