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<br /> _ , : <• 10/09/1999 ,
<br /> --° _ 801243 `'- '- _
<br />- _ �, : ��'�S� °�� ID���`� ��� �.�
<br /> . ���,►�. 8�������� ,� . �: . � . ��
<br /> �,e�a. �oauwer s�aII r�Y r� �II ane �� � � � .
<br /> � �� .
<br /> : _ . : ��d��aa�lare��s��a wriuen waiver by I�ader.Boaoa¢er stralt pay to �`�� , . `�
<br /> ,. �.����saa�s�. s�i�����Ie�nder the Note.�Eil t�Note is paid in faU.a . `,. ..�. ,.. � _
<br /> � , LenQer on tLa day m�nthly�ym� �nm►aud p u�t . .-a.`
<br /> ' `` 'Fmn�ds7�t°o��Y�Y�aatt aa�(�S �on @te Pru�►•� °.�.�,u<. . Y:
<br /> ` �m l�¢ � w��9�aia Dstnrit9 ovet tL�s Deed of Trus�.and� . �
<br /> � . �� yearlo# y yp��� ���p���b�y yI�an� .<� '' <. ,
<br /> ` ': far�� if�Y• all as �eas�abl9 � to�e susD�aym�nts of Fun�s .. ,.�..2 . ;
<br /> � Bouower sbsU nnt be obligated m�
<br /> ` : s._:� �aad 4sills an���1e���O to the hoWer of ag�or martg,�ge a3 deed of ticost if snch Lnlder
<br /> __ -.,��.-�:• ta i�to ths eatent d�as Baaow�ma�s sncLPaYmems -=-- - v--
<br /> - is an ia�tlmdnnallend� d�all be l�eld In an iasdt�doa tbe d�s���of wh�sh ate t�•
<br /> � . .- _ If Botmvv�F�gs F�s to Lend�.tbe Funds �sbail app1Y . .
<br />_ ����iry a Fedeaal°r�C'IISindi�►8�and�.Ieader maY not c�8e,• far so holdin8 aad ;5, �. �
<br /> � - the F�Ls to pay se��x�.� � ����a�bilis�anless lreader�ays , •'
<br /> � • ' .; � aPP� ��the�����Yxndec to ma�e sueh a cl�-�eIId Isuddc maY a�� � _µ.
<br /> � iaa�•at tbe tI�of�o n o f t h i s D�o f'l Y�t t b a t�a n t h e F�ds s6aII be�a�0�u Ba�a�.��� `
<br /> �� . ,
<br /> s��is made or appl�Cab2e I�vv requi����t°��'I�e�'sr s1�aD not be t�eqaIre�to pay Boaow�r -,
<br /> ° tfl Boicowe�whhoue c�e.an aaaual acca�in8 off the Fandg �'1.� • _...
<br /> . . , a�iatetesi a��aa th�Ftmds. I.endar shaL 8►ve r ..
<br />_, .. �.,`' . ,•: � n>y� �
<br /> � '''z �4v�g�s a�debits to the Fmn�s and�e pntpose for wbidh eash d�dt to Bie Fnnds v�as made.'1�Fm�a `.�{4`° —
<br /> �,�'f; a S���Y 5ur We som�s�ued bY t�s Deeci of T�st. � '�.�:�`-
<br /> . �. r P i� wid►the fa�ue ms�s���o f F i m d s Pa 9 a b p�t° 1`��. ;,.
<br /> � � : `r.':. If the amaant of die Bueds held isy L�der.to� . :
<br /> ������dte a�uat����
<br /> ' ::: � the dae dates of ta�e��s°�au'°e� �� ��cess s1ta11 be. at Boaower"s aptiop+ '��>�: --.--T
<br /> _ ' 4 °. � ����gco��enta av d�e9 �af Fauds. 1�die�mauntof ti�Fa�ds :- .
<br />. - y . :.,, '� , . . .
<br />_----- .- .-�.�: eiiher pxo�t��m Ba�°1�����cas�ance�S��'0u�re�s as tth�Y f�il d�. :�". _ `,r�
<br /> . > ,' �td jyy I,�er s1�aII not be saffcsieut to gay in one ar�o:e PsY��Ierder may► --
<br /> .. Boaower s�l PaY to 3�r an9 aw�n�m�ce�9 0��ce�P c�:defideac9
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<br /> W aYYHn1P l-^"�" I lay!�'�F�".
<br /> �' S��11 t�s�2e3 I�nder S�ali P��y��nd x.. : •�..' ;�:�,_.
<br /> '�' � ' �---
<br /> -- -� . "','." ��infailafalls�s -
<br /> of 7Y�s. ,:.-��•'
<br /> r;'' � held by I.eodec.If u�er Farag�17!�f fl�e PmPert9����e�is oth�svlse aalaice�tiY Leod�.Lend�r ..;,:: ;ti��•:
<br /> � � y ro t�e sals of�e�a�Y�its acqa�n bY Leoder. aa9 F�+ds�etd�yy _
<br /> ,��-� sLait aBply.no lates t6aa immedtarelY P� �sams sec�od by t�s DeEd of T=ugt. .. �
<br /> :.=:•: - �� � I,eaqer at Qte ttu�of s�►cation as a c�dlt a�tnst �����tbe _
<br /> -� ' 3.Ayplicattoa aR�� Unless appl�cable law pmvldes athraavise.atl FaY�� . `' ' ,,;'��
<br /> � �''�=`�� 1e to I�nderbY Bo� _
<br />. � . 1 aud 2 nereof sLav be applied b3►I.ender s�sc in paym�c2 m��P� ..: ...�,:,�
<br /> ' �� ' � j `, N�py��2 �then to inte�est payable on the Nate.and d�n w the�1 of�e Not�. � . �--
<br /> � ana Deeds a4 Zyrask CLatg�sf Ideas.Boa�r sbaU Pedn�m aQ of Boaower's obli�t�� , ,.' :: .,:��._
<br /> . : 4. l�ar Mo�of anst or odier ser�Itg a�me�wlth a li�wfiich has pdorit�►ave�this Deed of Tc�t. ; .. `:�_�
<br /> ' .��`s iuWEr an9 m�c8�+ �dn�.Bomawer sLall paY ur cause to be pa�all�aes.ass� �
<br /> _-��= �g Boauwer`a caveuaats W�e�y� wldch may susia�a prtmity ov�tbis Eir�c+f'Ts�, �-�-,� _
<br /> . .. �. aad vtLer�rges.�aa�imposit�s amibntabte ta the Pccr�ezt9 - _=-
<br /> ' . � . . a1W teasehoi�pa9m��T�O°����' o:heae�r e�ted on�PiuP� . . �!�_-
<br /> . 3. �s��� 8omawer sball��e�m��0c���•��a�er h�ards as Lender� . �: .Y��V-=,.-
<br /> ;�s;.. � � imv���ss f+9 fue,���od5 as I.Ender maY�• � :,Y+, .,:�-�=
<br /> Y reqoi:e and in sac�amu�ta ���be chosea by Bo�ower sab�ect w eppraval bY�a�:D� ,,,��''r- —_
<br /> . : :�' 1ne�as�ancs caaier Dr�d1�8 I w1�held. Ali in�polid�aa0 tenevuals�etoof shaD be in a faim - ';�-;- -
<br /> .. . ± S�at sucL�p�ovel�n�t be��►Y ��in favor of aa�iu a fas�aa�eptabEe tn Lendet. I.ea� . :, ;�-;~�``:�
<br /> �� .��'. a�oepmble to i�nder and shall inslade a standand mnrtgaSe d�eed of uast ar a�i , _., . �
<br /> � sball bave the�t w hoid 8ie po]ides and ren�cvals thereof�s�;�xt to the tams of aa9 mort8age+ 4�,F_-
<br /> r �� ., ' ' '• �y'�e�t witha lien wWch ha9p�torlty wer�is De�ofTiust. ��f . ,:_.,�F.
<br /> . .: Ia the event of 1as9.Buaowe�s�S�'e p�t n°�ce to the imv�an�oe t�er and Lender.I�endec ntiaY . T .�.
<br /> F ' •� . of loss if uatmade DmmpdY bY Borrawer. n�W LenQec wltLiu 30 daye fmm the da� ,;.� ..'���`�.'::
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<br /> ' .I� . Ig$1C�18 8�f811d0��Y B�E[OVlCrs Of��W2i�1.9 W Ieb'p0 .. .v..:::.'. '�.
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<br /> :'� • � uudce is mailod bY I�er to Boaower tLat die insutauce caaler offers to seule a claim for insu�cx bene8ts.I.ender is -:-
<br /> `.�;:. y I the insw�ance pmceeds at Ixnd��e°P�on eIt$er to r�on ur rega�C of the Pic6pe�t9 or � .
<br /> ,`.`<`", : a�uh+aliud to colleit�s1 app Y .,
<br />�`�;' . � � ', this Deed of Tiase. `;� �
<br /> ° �r. to��os secared�Y �� ot Peoperiyi L�sehaadst Condamint�si Pt�n�e��nft Dev e l o�e�• . .
<br /> ��� � �. �v�� � sepais aad sbaU aat cammdt�vaste or pemalt ia�a�°=d�°II of ths . .�.;...�..� .
<br /> � . �a u m�s h a l l k ce p t h e�P�►Y�g� on4�f a�q lease if tLls DeEd of Tmst�S on a�0 1 0.I f t b i s D e e d o f T N S t i s �',;..1:(;,ti:
<br /> .� '' pcpperty and shall comptY with the p:ovisi . ''...,';,,,�,.
<br /> �� � � aa a anit 1ns co�omaniam os aPlanaod unit�Bouawer sbetl p e�fFo:m all of 1?'��aawer s obllgada�ssan�r�e . .
<br /> ��'� �� ' os ov tbe candomininm ur Dlanned unit development.the bY-laws�regatattons . . -
<br /> ���. . : �• decla�tion or coven�anffi cteadn8 S �n8 •
<br /> t;'� � at laaa�ed ua�t dcvelo➢mem.and coasdtaent d�oments• .
<br />��.:,,... � of�..aw*�_.dom�niam D tform the caveaants a�d a���im�s :.
<br /> � 9.�i�satedl�°n oY Lend4i's�It9•If Bosmwer fails ro Oe � '��� .
<br /> �"�:� n is wmmenced w h i c�m a t e r l a l ly sffeas Len��s i�et�ia the Ptapest9. .
<br /> "'�� , .. .� Dee@ of?msR.or if 8aq atdoa aT p�� dlsbtuse sus� sams. iuciu�
<br /> 3�'� .. . Lender, at Ixnd�r�s o p�n+ upan nodce to Bor�ower. may make snch appeata�s• . . -
<br /> .. ,end�r
<br /> } � reasa�able au�Ys�foes.and take saeL acdan as is neoessazy►to Pm���S��Y P�O��tO .
<br /> � ' ; iasmaace as a c�ndiflon of makin8 the toan secazed bY tL�s Deed of Tiost.Bonawer in accoidanse alth . ' ' : '
<br /> . .. . , ;. � fos snc�lnsuranfle temilaates
<br /> , � mainta�a snd�iastuaate in effert undl sncb time as the r�� _ . .
<br /> ';`� � � Bon+awer's sud L�nder's wrtuen a�eemeat or eDPlisabte taw. ...
<br />.'� • amaunts disburaed by lea�er Pntsuaat�°th�s Pa���.adth inter�est theteon.at the Note tate,sha11 become .
<br /> �::�' . . addidoaal ladebt�daesa of Bormwei socumd bY tbis Deed of Tn�st.Un2ess Bmrower and Lender ag�to other tem�s of ,
<br /> j le nodce fmm Ixader w Bomawec roq8ssda8 D���� Natbing •
<br /> �' , � oovtaiaed in th�s patag�ayh � FaY� � or take anY acdon herena�der• �
<br /> � 7 stiall sequ�e I.euder W intvr aaY expease .
<br /> c,�: ,. 8. �n. Lender may ma4cee or caase to be made�easonabte ennies Won aa�iaspe�dons af the PmP�Y•
<br /> m ��bie c�se thenefor re1ated to
<br /> . provided tLat Lea�er shaU give Bmmwer m�tice prior to a�t such imspe�dOn SP�d� _ .
<br /> �
<br /> ., . Lender's interest in the Pmpert�►•
<br /> :: ,t • 2ot3 ' �
<br /> �� � Nexzasre Z6a7b9 7�7 Csigiaal(Rocor8odl Copy�esfsach) capy(Cuo�o�arl p°�' •
<br /> : . . . " , "
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