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<br /> � . � � � r�s 9�� i��`b�� aoisoi Yo1aa/19sz . : . � ... �
<br /> , • ZJI�Ott1M CoVBNMi75. Eam�vs�r and I.en$er coveo�i s�agree as folio� . �
<br /> ``_ � � i. P�pm�sY o� Pttn�pal aad ta3e�t. B�wer sba11 P�P�Y �Y whea dr� the p�pai aad ini�st .. :"�'. .
<br /> _ • � , � ia�ebtedn�e�ideaced Dp rhe Note�1a4e chaxgcs as pmvIdod ia t�e Note. � � '
<br /> � , . ' `.,��� a.�eor�es�a r�a�. stin3 atW'��etest ate � Ie nnder tbe o� te.��N��Stll.a . � � �'
<br /> _ t�eu�der�the day moathly PaY�� P�� P�Y� �
<br /> t ". , � " ! sam(haein'Fnads9 eqaril o0 one�twelRh af the pear�q tages au��(tacladiag oondoa�m end g1an�ed ua�t . ` �
<br /> : � dtvttop�nt&�oa�,if aay)whit�may apain prtortty avu t�fis Daed of 1lntst,2ud gcv�d�ts aa tbt Pcnperiq.� • , .
<br /> , aaq.Olas asao-tWelBh of yearty p�mdnm�Sor ba�d ia�e.Plns onatwelRL of yea�iy p�fant iasfalt�eals . . t .
<br /> . Sor�a:tgage Imv�n�if any. eU es�biy esdmaied initially aud fmm time to t�Oy I�e�der�a t�b�sis of .. . ..
<br /> � - �sud 6ills ead reasnnable esd�mmtes thsrea� Botmwea shaU nat be o�Bgated oo make sacb payme�of Fauds '� ' �
<br /> ' �Leuder tu t�e esoeat tbas Boauvrer ma�es sach paymeats to tLe Isfl3der of a priar martgage Qr deed of tca�i€sash�2der _ _.-.:_.._- _ .--
<br /> - =- - x is aa�douai t� _ -
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<br /> . . � . If Botmwer�ys F�ds�I�er.the Fua4s sball be held iu an�dmtion the depasits ar�ts of�aie �
<br /> � . insu�ed ar g�anoeed b9 a Fede�ll or smte age�cy(in+ctading i�nder if Is�der Is sash en ia�t�n}.I.ender s�11 applq ` .� - ,°- :,•_.;.
<br /> LhC�U�9 yZQ_�&3��.8�t 1nS�8II9C�t�4 8II�$!��l�CIIj.t�B.�IICdy Y�O,L C88I�C�Oi SO�h�0�)�$81� �.
<br /> . ._' . ..f $�I��ilT��.r.f ��S�V+ VCI�ID��W�aNY A�OW r�.M�LGWG���S , . . _ ' _
<br /> Ea�ower 3auresc oa aie F�ds aua app]�able Iaw p�rxaaer w make sac�a charge.sc�mwer�d te�er may agree ���.�� ` _� ..
<br /> in wddpg at tII�dt�of esewdon of tbis Beecd af Tmst tba!iate�st nn tbe Funbs sbaII be paid tn Baauwe�snd nnless :'.<`r_; - 'r�
<br /> such egteeme�t is m�de�agplicable Isw mqaires sos�i�eceat tn be Qaid.LEnder s6all aai be neqafi�ed to�y Borruvndr - '�` �`��=
<br /> , ` . � smy i�t or�in�an the Fa:tds.L�nGer sball give m Bnaower.wtthmu chatge.an as�al socou�ng of dte Fmods •� : _ -_
<br /> ' � � . showl�g c�oddis aud dsbita to th�Fimds and�e putpose for vVhich eash debit t�tbe Funds was m�de.1ae Fun�ds are , . _ -
<br />_ . pledgod�ad�tia�l�mtt�►fos tLe sams�d bp tbis Deed af 1Yust. - `
<br /> If @te s�ount of$ie Pmads meid bq Leader,togqher wtth the fudue montLly imtaltmems og Faads payable prtos to . . °�
<br /> - ' t�due dai�of iaosea.a�.in5m�ce�sa�gtouad teats.s6aU eacced tbe amawmt trqt�ced tn paq said • � `;'�-:.--
<br /> , . : �as�qe�.iasamaoe gs�aud gm�d�nis as they fatl dr�.sach e�oe�sball be. et Bostnwer's apttan. , -.
<br /> - . . . � , ett�etpioa�iy trPa�d to Bomawer orcieditod m�snnwecan mon�ty ias�llme�of Fands. If the�of�e Pands ... ,-
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<br /> �- . . _ : bdd by Irader sbaU aot be st�ci�t m pay taxes.s�.iasmavice p��s aud g�auad te�ts as ttuy fall dne, - - ;:,ssr
<br />� . • _ � � �:.;� Ea�a�sLa�l gay to LQader�ny am�mt�y to m�e ap the de8ci�cy ia one or�e pay�ueanis as Iender�► .� --
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<br /> .�:.. .. . ..,. � jJPon D�ymeut in fotl af all sams s�ued by tLis Deed of'itust�Iender shal!pm�t1y�imfl to Bono�a�ay Fuads . _�:�''�.L.,=_-��:
<br /> . hetd by I�ff under pa�aph 1T bereof the Prope�ty is w2d or the Ptaperty is otherar]se ao�ed t�I.end�a.Lender . - __—_
<br /> � '_ ` sbaII app1Y.ao tat�r�an i�nodianels p�ar to the sale of the PmpeFty ar its ac�qidstdfln hy Le�de�anY Fimds Lidd dY � ,
<br /> __. .._ :.:,,:.` Lenderat�e time ofapplicaztaa as acc�ditagainstths sams�by titis De�ad ofTn�at. -_---
<br /> ' 3.ApplIc�tton o!�ymaata. Un1�applic�b2e taw pmvtda o�eiwise.aU payaients recelved by Is�er nadet�e - .
<br /> - � Note and p�agiapbs 1 and 2 nereof shall8eapplial by Lender&st inpaymentof�Ls�aysble tn I.enderby Bomnwer - - `':�._
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<br /> , . .. �. under garagQSph 2 heceo�then to intecest paqable on the Note.an�th�to @e�asipal of Eie Nate. �' � --
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<br />- • 4.Prior�eaW Dee�aY 9'�C6arg�i Ucas. Boaow2s�1 p�fo�m all of Boao�ve�'s obligatlflns � ' ��;-�,
<br />;:,.' u�er a�r mo�tge.dced of uast�o�er sewdty agceement wI�a lien wL�bas gxiadty mrcr @�is Deed of Tmst, . ,;';.,:;�-�°�
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<br /> , : � �ty;�t1�II�Basawa s oavenu�to maice paqments wben da�Bou�awet sLall pay or c�4�►6epaid all fascs.�
<br />.t',.__"_'."' :, ��'_"� '_ .:?i7rf:_
<br /> , ' and 0�cbargee,fi�es mW�nns attrt6mable to 6ie Ptapeitq whicL may attain 8 gaimity ave[Q�is Deed of Tmst, .,. .,,.=__
<br /> , ; ;• and lease�tn2d pnymants or geaand renm.if aay. ' ��--
<br /> � ; �.r.� s.�Y�auce. Bo�nawer aLaU�dhe impmvemenis ancv eaossipg or her�Rer ecected on @�Pmgetty -
<br /> .:, , -� � iasa�ed aga�st tass by&e.ba�da inc�aded wltl�@te te�m'eaoeaded oavaage',aud wch oth�ba�rds as L e n d e r�y � --.
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<br />'s: ' � . ::� 1me�iasn�ce canier g:avlding the insutance�a�be c��oaawer svbject to a�pmval bq I,ender piovt�ed. '--�-==��`
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<br />�, �.. ' :.; Qrat�vcb app�oval shaU got.6e u�easuffibly wl�heid. All is�nance golictes and�teneauals 8te,�of sbaD be tn a fom� _ _
<br /> TF .. • _'...._: � ��te����d�e polides mnd rene�vais�c� s�jecc�teims of an�q�rtgage,Idce�o�uu�st as otLer� � �- � .�.
<br /> � . .',� �ic9 agi�eemeot wlth a Iien wfiich I�as prlmdty oves this D�d of Teust. , ��`%��:���-
<br />�., ' , �� _. of I Bomawer sbaU e �tt�ce to the�asaeance c�er and�Lendes may ma�e Dmof , ' I �'�r
<br /> . . 1n We event osv, giv Pmmpt e . .
<br /> ��� . ,� oftassifuotm�deDma�pt[�►by Boauwer. ,.�.,:�,,...-
<br /> ��`. : �.� ' �.'�-; If the Propetty�s abaa�don�d by Bonmwu.ar if Bomnwet�ila to tespond ro Lendtr wl�a 30 dsqe fmm tve due � ��-a•e��+�
<br /> � �t1ce is ma�ed bq Lendes to Boaower tbat the insaiaacc carr2er offe�s to sente a ctaim fos iusm�s beIIeSts.Le�der is .. �_-
<br /> . . .,...;.
<br /> . .-' . . m�thontzed tfl co]Iect anA appty tt�e�Dnnceeds as I.ender's updoa ddier to restoiadon or repair of�e Propaty ar - . . '
<br /> �. ., ., ,a
<br /> V.�,; .. w�e w�s�bY this Dee��`f�se. ..
<br /> #'? . . � �resn�vaSon and Mai� of Pt+opeKy; Lsas�i�3 Coa�mini�nsi Ylanned �Tnit Developme�. �
<br /> �� � Busmwer s1�U keep Qie Pmpesty in gaod repair and shatl nat oommit waste ar petmit impaismeQt or d�o�don of the �.� � �
<br /> �:, . � � ; piapertq and s�aU o�mply wIth the pmvidons a�avy lease if tbis Deed of 7'enst�e on a leasebold.If thls Deed of Tmst is �.. . -
<br /> `�' � an a t�a ia a oaado�or a plamood unit deveIopatcnt.Bou+awer st�aU pzrform all of E�aower's obtigado�ander�e . .. �. -
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<br /> �. Q2C�QII O!CaVCl17IIf8 Et�1t�D$0!$AVCfII�$�C COIId0ID�C1D OI plB�C�IIQIt dCVP.���.Q10�►-1aW8�t�II4�8 ,. �` '
<br /> .. of�e oondomlahun ot plaaneA aaic developmeIIt,eud com�a�t dosamenfs. , , .
<br /> � 7.IIroUeetisan ct?IRader'e Secuetty.If�ower f�iTs to peifoim tt�cavenanm aad agceemems aoma�ae0 i��s • � :
<br /> � Deed af T�ast.or if s�y acdon or pmceedi�g is cu�encoa wbic�mataialZ�affects Lender's iateress ia the lPmpectp,tben � � ,
<br /> �.::. I.eader, at I.s�es's apdon. ngan nodce w Bouawer. n'aY maks sncb apDeata�es. disba�e sac6 �. inct�dtn8 . :
<br /> r�D2e agome9s' fees.sud mge sac�acdon as is n�y to pmieet I.enQer's ium�est.If Leffier:eqal�ed�ge � • �,.�
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<br /> 1� ` insae�e as a caadiE�on of ma�ing tbe Ioan sxured bq t1�s De�d of 7Yust,Bamawtr sbaU DaY tlte yr�mns s�eqai:od w : ',�... . .
<br /> �;`�: mainmia sae6 insa�suce in e�'ect nntil such time ss the eeqahemeW for such insn�uce tetm�nates Ia eceo�ace wlth . . :
<br />.�;:... : �. . Boaower•s and 1xaQer's wrluen ag�eemem or apgiicab2e 1aw. ' '
<br /> � .� Arry a�unts disbuisod by I�eader pnrsaant to tLis pa�apb 7.v�ith i�er�st theceon.ai the Nate r�te.sbaU become .
<br /> 6�:: � adQt�anal indebteQaesg of Bormwer seaued by tL9a Deed of 7Yast.Unless Boimerer sud I�ender agoee to ather te�ms of . . ..
<br /> �' � - . psymen� svci�amnunts sUall be payab�e npon nodce fmm l�rader to Bmmcs►cr�eqnesd�g paYment d�eo� Na9dng . .� `_.
<br /> �� �. � � • conteiEed in tLis pa�aph 7 s�aU nequine Lender to ins�u a�r eaFease or�1ce aay acdon bec�cuader. � : .
<br /> �� . .� 8. Iasgedlan. Itnder may make ar cause to be �ade�ble eandes nrpon and iasyecflons of t�e Pmperty. .
<br /> ��� pmvtded tbaa l.eader sLall give Bo�mwer nodce prlor to any s�cb inspecdon specifying rea�nable c�theze5or�lated to .
<br /> ����. � Ieader's iat�est in the Ptopessy.
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<br /> i� � j x�2�7a 3 �r�7 Osiginoi�Ltoaordod� cogy tsraaah) copy(�etoaes) Pa�o a ots �: ; .
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