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yN . . —'- -. --W�.��.y.ze...:,t,.."::^�:�rwva�ca..,.s:.r�: - <br /> , n . . <br /> --- <br /> — .— _ - _..T�_.,_�.--- --�-- --- ----------"r�,�` <br /> Dl1Nl�OflD L BTOlT1' lWtIL1M P 8'POpT Z01996 10/11/19A8 <br /> ' � UNIPC�ItM CoVBNAN7's. Barrnwer u�d Lemler coveiwrt ax1 yra u fallo�ws; � •r• 1� . �(� <br /> � 1. h,r�t o� rrincip�l iwd IWa�. Horco�er efWl PrompQY p��► wt�co due �rincip�l �nd intem�t <br /> ladeb�edaeae rvidenced by tbe Nde ud I�we chu�es ru pravided ia the Nae. <br /> 1.Ih�fbr'A'�xM�d l�noe. Subjat ta q�pl{cable law�x�writxn w�ivaby L�nxler. Bcxmvver tlyll p�y ta <br /> ��kC pq tbe iyy uKMrhly p�Ymeaa of princip�l�nd In�ercst ue p�y�k undcr the Nae. wxil tlre Nixe i�pdd in fWl.� <br /> wia lherein'Fuad�')equ�l tu��ae-twelRh of the yauly tue�tnd wiraunena(inciudia� condondn�um uid pluuaod unit <br /> deve{opaAenl�unenut, if�ny)which ua�y �tain�±riorily rner thie Uoed of Truu, aad �cwnd re►K�on We PropertY. iF <br /> �uny.plw ope�vrel8h of yeuly prcadum ipqallmenq fix h�r�rd i�nuru�ce,plw une�twelRh of yeuly prccnfum inpallmerx� <br /> kx mo�tp�e iaurnnce. if wy, all u re�omMy atim�ced iaitiafiy ard froin time a time by L,endec aa tbe biad� of <br /> =���nYcus and bUls u�d rea�mble estimntn thsreof. Bormwer Alwll ixit he obli�tod to m�ce iwch p�ytneats of Funds _ <br /> M Leader oo tbe ex�eot d�t Bcxrower a�ka such pRymcm to the doider of a pdor ax�rp�e a deed of tnaart if ouch holdec <br /> is�n ia�tituuuod knder. <br /> If Borrower pays Funds to L�etWer, the Fuads stu�ll be beld in an institutiaa dse depotits or s�xoutxR of which ue <br /> inurod cx�wnnteed by a Federnl ar saue aBeacY(includiu�Leadec if Lender tx a�h w i�tTitutioa).l.euder d+�ll+�PP�Y <br /> d�c�Fund:m p.y raid tuea��,(aa�,nu�ce premiums uid jround r�na, i.eoder may not cb�rje[a a�oldin�wd <br /> �pPlyiu� the Fuads. w�lY� said �cxauAt or verlfyinj wd a�mpiiin�said�nts�nd bills. unku l,ender paya <br /> Ham�wer in�on the Fundo�od�pplicabk 4w peroa�a Leoder a aWce such�chRr�e. Barower and Leafer aa�Y a�ree <br /> io wcitiu�x the ame of execcutbn of this Deed of Truct d�st iaamn oa the Funds shll bo p�id to Horrower,aad unku <br /> ,uch,�cee�enc i:m�ae or�ppNa�bk 1aw�cquirae such iaec�st m ne pia. Leoa�r stW� noc be requtroa w pay H«rmkeE <br /> �p�,inletest or euoiap�on the Fuads. Lendec du�ll pve t�Barower. without ct�e,w�miwl acoamtin�of tbe Fund� <br /> �owin� ccedlta ud deMta to tde Funds ud drc pu[pc�e fa wtilcl� uch dtbit q t�e FuMs wa� mde. 1de Ftmdc arc <br /> pied�od as�dditiood serurity[a tbe sum��ecured by thin Doed of Tn�at. <br /> If t6e�mooat of d�e Fuada hdd by Letder, to�ther wlth d�[uture mattWy ineallmeat=of Fuods py�bie prior to <br /> tbe due dMa of w�a,ta�me�s, urur�noe p�emivaos ud�rarod rents. mll exceed the amount�equired w p►Y aud <br /> aza. a�s. i�su�aax premiums aad eround c�enls aa they Gll due.suc.�exass sh�ll be. at Hcxrovrec't oMioo. <br /> �P'�P��7 KP+d b Hocmwer a podi�ed oo Hortower nn moalWy iopaUoe�of Fundc. lf dro�a�nt of t6�Fuads <br /> held t►y I�ea�er�11�ot be atYickot ro pay W�es.�s.inwnox pn�+mioa�wd�round reals a�tE�t.y 6U due, <br /> 9«mwa�aU p�y�o t�enaer mr sroawc ne�acr b n�w�dk dee�a�cy ia one or more p.ymeaa as Lenaa m�y <br /> �UPo'o P�yment in tull of d!wm��red bY tWs Deal of Tnut,I�der ihsll p�arptiy retiuod b Honowa aoy Pmod� <br /> 6e{d by L,eadec.If under paa�aph 17 beroof the PraQ�cry L aW a tLe Pcapaty b at�rwl�e aoqid�od by l.eader.I.eoder <br /> dall �pply. tw 4wa than intnedL/dy P�io�ro Ihe s�{e of t6e Propertr ar ia aoquEsilioa by I.e�der��ep Funda hdd by <br /> I�eoder at drc dme of�pplication a�a crodit apiat tYe sum�senu+ed bp t6is Doed of T�ast. <br /> 3./1�eM1oM d Y'1��aKs. Ude�e�pplicabie 1�pwida ot6awiu,a1i pRyseals�eaived"oy i�eader u�mc _ <br /> Na�e a�i�l sod 2 6aoof�Wll be�pplied bf'I.eadec�irst jn pymat o[moua�a pRyable�o Leader by Hoc�awer <br /> �u,da p�rr�papu 2�eot.d�ea a ia�a�at p►y�ble aa d,e t1ae,u+a�hen a drc paixip�l of d�e rro�e. <br /> 4. 1rtMr�atl Deed� af TnrtC CMu'� IJens.Bamwret siu�ll pedomn�11 of Barnw�t'e ob�iatio�ns <br /> opder imy mo�e�deed of ttmt or a�her eocurity�roea�e�t wid� �liea wfiich b p�iaity ava thi�Deed of't'riqt, <br /> i�ch�dia�B�xmwer'a covea�MS to m�te payments whrn due.�rrnwer�SII pay or c�e ro be pdd�Il ta:a.ma�ents <br /> aad a�6a cmr�. Sres�d i�po�tion Muibwa,bk to die Pnipetty which may Mtaia a ptiority oMa Wis Deed of Trpst, <br /> aad leNe�oW pryn�:or P'o�od re��if�°Y. <br /> S. [lmed 1awn�oe. Harorrer drll�oep the iespe�veao�s ao�' aismL a beiaAer ecec�ed oN tYe Prope+ty <br /> iiwred+�pio�t low br 6re,hnauds inclydod witDin Yhe krm"auendod oovaa�e', aed snch o�ba b�as l.eoder a�r <br /> �,��,�e�,�m��pa�oa����y�. <br /> 71�e i�rNr�oe a�ria aovidi�tbe iaau�ce,rsu be aioaen ep aortiower«b3ea .o+ippm�v�!by L�d�:P�'ickd• <br /> dn�e �ch�Pwa►ai �ll noc be mr�eaoo�blr wit6heW. Al� iarirrna p��licks ad rcoew�ls thaeof s6.0 ue in a Eocm <br /> �oepe�ble a I��ad�II incfud�e��tandrd�noitae cl�me is t�vor of md in�tonr aooept�bie a i�eoder. Leader . <br /> �t1 Yave tYe�i�t a hdW drc polieies aod raew�ls c6eceot,abject lo We le�m ot�ay mo�t�e.deed ot uac a ae6ec <br /> ��r a�Cemeat wM6 a liea Mhich haa Pciairy avu t�Deod of Tcwt. <br /> la Ihe eveat af los�.Har[a►wer sMU t�P�'�P�autice bo the i�uaoa catrier�d t.etbec. i..eader mr�m�iOe IK'cw'f <br /> of bs if eot mde pnt�npdY 1ry Hoc�owa• <br /> If tYe P�opaty a alMOdoaed bY Bam.�er•�c if Bon�o�rar 6ils a teipou�d b 1ROder w�lhin 30 dhrs flnrom 1�d� <br /> �otbe b�rised by Lend�r to Banow�er tMt dre i�ur�a�e c�ttiet ofrett 1a�ede a cl�for ia�e be�elit�. Leader is <br /> ,wd�oa�oa a ooaea.ea,�qy�re�..ornooe p�o�eea��c�.�aar's optio�eiiber a c+a�oestio4 a e�epir at'tYe Prapeny a <br /> a d�e wo�seciu�ed b�this Doed,of'Trwc. <br /> �. lre�en�tM� awd 1►WrEewoe d llnop�t�: I.e�rlil�i �awd�rrt li�wed U�k �'a+d�a. <br /> Hormwer�U iceeP d�e ProQerty in�ood t�iC sod sWp ant c�ummi�t v�s�e oe pnnoit iaap�trnent a de�iaaaoa of tIK <br /> Propetty�nd�ll a�a�pir wiW Ibe pnriiaioo�af�cy leae if t6is Uood of Tmst b a a id�fiold. If tl�Deed of TnM i� <br /> aa a rdt in a oo�doa�taiam u�a pl�r�oed uait dev�elop�o�nt.gueorKt�iWl perfaxn all o[9oeower's abii�tion�under the <br /> docluation or oovsmts c�ie�o��orecnio�tbe 000�dominiam or p�nood roit Oevtiopooait.the by-1�aad ee=oWiot� <br /> oE tbe oondoeuitun or pl�aed w�it develo�°�•yad ooa�itoeat docuaoe�a. <br /> 7. Pr+etectfow ot IwMd�+��'s Searit7. If Borrow�er fiUa to perfon� tbe ooven�ri �wd�ee�ab car�iaed in dd� <br /> Doed of T�u�t�a if�rty actioo or p�oceeQlq ia commeocad which ar�kri�lly aBects Lnder'�ialetr�t iu die P[opertr.tYea <br /> I.,eaOer, x 1.enAer'c opioo, upon �roticx to &xtuwet, nMr aMte acL�ppnrw�ets. �ne � w�. iad�i� <br /> ra�ua�blt+t�o�ne!'�' fea, sud uice auch sction as is neoes�uY a p�dxt Lendtt's i�oeir�t. If Leoder reqrt[ed mo�t�ye <br /> i�wun�rx ae a caodition of makin�t6e loaa xcurcd by this Dood of Ttust,&xrower sWll p�y tbe pe�emiva�requi�od to <br /> ....:.r.:.. ..a.:...neoe iu efbct �mW such bme�a the nequin�m�eat fot�h Ite��ooe letmi,a�les ia a000�du�ce with <br /> Uai�t'R awl[.Cader's writ�en a�roemes�c a�pplicabk I�w. <br /> My�a�oiwat disburoed by Lrnkr P'ara�rot ro d�s p��y.witb iirem►tfiere�nN,at the Nolt nk.�II becar�e <br /> additiood iudeb�of Bomwver�ecurad by dw Doed of Tnat. Udep eariovret rutd I�ender�pee b ad�er lerur of <br /> piymea�t• acb amuunat �Wll be Parible upon e�otice frwn i�eodcr a� Botturer teqadidq� P�yaieat d�eoE Nothin� <br /> ooaui�ed in this prqr�ph 7 sball rCquf�r I�eoder ro incur aoy acPea�c or t�ke say aclloa herca�Qee. <br /> i. i�p�ala.. [.ender nr�y m.ke cx c,�ae w be mede ra�a�bl� e�ia u�poa aad larpeceioa oE�he Pra�patiy. <br /> parvided�at L�eadet daU jive eorto�wer uotice pioc�o ury wch i�eCti�a�pedfyiN er�on�bk cwfe thet�el�nr taLled M <br /> [,ender's ialen�st ia t6e Pmperty. <br /> tiebn.t�26�76-� I� Or3yin�1(R�cord�dl Ct�,►y(�say1cZ11 CopylCwtaMr) 1'�2 oti <br />