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<br /> '•"""""'�'� • 101519 10/3 0/1997
<br /> .'. _ I�t1WPH0Uti RiOPIWYII 1Gl11NV11NH IQOPANYA
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<br />,,�.•-,,; ,?, ' UMAORM COVBNANTd. Botrower aad I.ender cove�unt ujd+y�roe u follov�n: �� �
<br />.--:;C,r" , � �• �,�1M� 0� �1�{� � ���• �OROW� �ull promptlY MY w6en due tbe pc�nci��R7LL�C�L'3�
<br /> � Iadebtedaen evideoced by t6e Note ud 4to chaqa�u pmvidod la tho Noto. ��
<br /> :..�� � 1.lh�ter TiucM�nd Iiwwna. SubJect w�p�lkablo bw or a wrbttcu walver by Ixador,Borrower s�U pry to �:
<br /> �� . � Lender on tbe dny tnt►nt6lY P�Ymean of priucipd aud tntaest ue p�y�ble w�der tbo Note.uutil tho Note b pa�d in lWI. a =�_
<br />:•4....
<br />; ,� wm(hereln 'Fuad�') equal to aue-twolRh of tue yeuly tu�d ud�eumeau(iacludiq�condoaildum and pltooed unft --
<br /> .r.¢;.;. . develapmea�r�eaurent�, I[u�y)wWch mty att�la pdodty over tW�Deed�f Tnut.�ad�touAd nnu oa the Pcopcsty if R_
<br />: - t.^� any�t�u ooefi�el!!h ni yearlY Pe�emtnaa ia�pmcats foe luurd iaar��cu�Plw oae-twelfth of yeuly pmdum imWlmente
<br /> tax mnrt�gA i�unnce, it u�y. aU � reuonably epim�led ialddly u�d from dnoe to dmo by Lender on tbe b�ult of _,
<br />-= - �ua�efw�nd Mlb�ad re�wa�blo adm�ta theeno! bamwer�b�ll aot bo ob l i p t o d to a a k o wch paymena of Funclw �
<br />�.�:� a Lende:to d�e extent NMt Bormwer mwka nich p�yroenu ta the talder of a pdor mort�yo or deed ot m�t if such bolder --
<br />_�- b�n iadtudon�l lender.
<br />- � � If Bomawtc paya Fund�w Lender� the Fwids tball be held In sn iffitltudoa the depodb or�ccaunt�of w6ich tre
<br /> _.. , in�ured or su�raotoed by�peder�l or aste yeacy(includit�Lender If Leader L wch�a la�dtudon).I.ender dWl tpply
<br /> ., , � tbe Fuadt W pay s�td tuee.�eeeasments�iraurance ptemturos md�muad roan. Leader mny not char�e for eo Loldln/tnd _
<br /> , �. :' �pplylnj the F�md�� anly� wid eccauot or verlfylaj�nd compillN wld�ae�menta tnd bUb. uNea L.ender P�Y�
<br /> '� .:,� . Bormwa i�t on the Funds�ud+ipplisa6le uw petmiq L�ender w m�ke cuch a chu{e. Borrower aad Lender m�Y qroe
<br /> r�,.: .. �.: , �
<br /> ;.�.. ..:, In wriday st tbe dme ot eaaudoa of�Ws Deed of Tn�st that interat on tt�e Fundi�htll be p�id W Harower. �d uales�
<br /> . .,.�:.
<br /> -.''.�. . nxh�eement i�m�de or�ppllc�ble lsw ioquina Ruch faterat to be qid� Lea�er duU aot bc to p►y w�er
<br />:�� :' .:
<br /> _. ,y;��, my interat a e�rdn�s on tbe Fund�. Leader�11�Ive ro Barowa.withau clur�e�m waiv acx�undN of the Puod�
<br /> _;:;:,:f�v ehowln�ciedia wd debits w tUe Fund� �ud tbe pntpo�e�or whiich a�ch deblt a t6e Funda wiu m�de. lbre Fu�are
<br /> -`:.�.��;.� pled�ed u sddtdon�i�ecurlty for tbe�secnccd by thia DoeC of'hust. -
<br />��;;L'�},�. If the smouot of the pund�heW by Lender�W�ettKS with tbe lhwre awnthly iaotvlm�aw of Ftwds P�yabb P:ioc to
<br /> � �.. ttie due daoa of bucw.�,�P����'O�Od reab� ehaU a�ceed the�mount reqWnd �o psy aid
<br /> :.�.:a� � p�xq� �pes�meat� in:urance premtuma and�ro�ad reaa s�they f�ll due. �uch eace�s�Wl be. u Hamwer'�opdon,
<br /> � either PromptlY re�d to Botrowor or ciedited to Bomnwec oa mo�thly i�tlla�enta of Fuud�. If d�e amouat oithe Fundt
<br />-��;���,y; � held by I�eader duU not bo a�cient to p�y hxes.�sseumeae.l�Premium�wd�nd nats u they faU due,
<br /> �� sorcow�er sWU py ro Lenaer.ay amounc�ry co m�fue up die aehcteacr in one or more psyment.u Leaa«nsf►y
<br />-',•��,ti �n, refund to Hornnvrr�ny I�und�
<br />�"*�-''"�'`" UPoa l�ym�t in full af sll dums exured by tW�Dad of Tnu�,I.endet r�11 P=�Y
<br />'-�T:�..r� , h e i d b y L e n d e c.I f u a t k r p u�r a p h 1 7 h e c e o f t h e P m p e s t y i s�o l d o r t L e P m Q e c e Y L othecwlu�q u i r e d b y Lesda� I.eacler
<br /> ��;''"�:?�� s6W�pp1Y.no 4iter Nua immedi�tely prior w the ule af tlie Pc+opeity or iu scquietdon by Lender.�ay Pund�bdd riy
<br />-.=:.;�r;,.. .
<br /> ��:;.«;�'�� I.eader�t tbe time of applic�don�a crodic�aia�c due su�s Bocuiat oy�T�af T�.
<br /> 3.AppUaition of P��meab. Udess applic�ble ls�w pmvlda otLeewlse�all PaYmena reodvod by I.eadcr nnda tbe
<br /> . ��,:���: s of amouats paytble to Lendet HottovNa
<br /> ---'i�''� Note wd pr�nq�Ls 1 tnd 2 henof shall be�pplied by I.endec Sret in p�ymenc �7'
<br /> -_,:��_,� under pRrn�pL 2 bereof.than to intenst ptYable on tLe Note�ind then w the princiPa of the Nae.
<br /> v=""'`� 4. �eloe 11�atP�a iwd Deaf�at Tnnti C�i Llan.Borrower s�Wl pafomt sll of Horcower's oblt�tio�
<br /> �,:� uader�n7► moit�e. dood of tcust or otlkr seauity s�mm�t vrlth t liea which h�u p�lodty over thi�Deed of Tn�st,
<br /> ' inelt�dtn�Haa�uw�er's eovemnts to mdce ptymet�whea du�.Bormw�er ehtU p�y or c�e w be p�id all bxa. a�oealt
<br /> vx'`� a�od�er clur�a.fma and im�Oddons utclM�qible ro the ProQerty wWch may unin t prlorlty aver this Deed of Tcu:t,
<br /> �,:>���`��
<br /> ud laitehold pymeats or smuad renls.if my.
<br /> _°-���� S.�d 1�ut�oce. Bormwer sh�ll keep the improvementa now exiedua a henaRec erocoed on tLe Psopost�
<br /> ,� inured�atnt loa by$re.haracda inciuded wtthin the arm'ea�teaded covera�e', nnd wch othet�ards� Lenda mty
<br /> ,_�_.-��� require and tn ach�mouata�wd for such peciod��s Lendec aoty re�uire•
<br /> -.,s-,�,� 'I'be iaau�oce canier pravidinQ the inaurance shW be c6osen by Botmwer au6ject to�ppcav�l bY�r P��+
<br /> th�t ench appmwl s�ll not be unre�sombly wlthLeld All inauc�ace polides tnd renewsls t6ereof aLall be in s fo�m
<br /> ��"�`� �e oo I�eader and�11 include a st�adud mottQ+la clu�e ia fivor of and ia t form axeptabb w Lea�da, Lender
<br /> W::,��.� sh�ll Lae the rItht to hold the policies and renew�lt theceof.subject to the terma of tny mort�e.dood ot t�wt or ot�iec
<br />-�,.� securIty�rame�with t lien which hae priorlty over thi�Dad of Trust.
<br /> --„`;"'".�,-� In the event of las.Homower sball�ive prompt nottce w tLe i�asur�nce curier ud Lender.I.eader mty m�e prooi
<br /> of lose if mt mrde prnn;►t1Y bY Borrow�er.
<br />-.�-=�=�a� If the Pmperty is�b�ndonod by Bomnw�er�or if Bomower fdls to reapo�to I.�nder wIthln 30 dayn fznm ttie date
<br /> --=�� aodce la miiled by L.ender w Borrower d�t thee ins�ua�e c�uier offiere to settle a cWm for iasuraace be�fite�L�endes is
<br /> .:T��,'� authorized w collect a��pply the 9nauraaoe pmceeds st I.e�er'e updon eitlxr to ratontion or:eptir of the Pmpaty or
<br />:`� �•. to tLe aum�eeCUCOd by this Deed of Tn�at.
<br /> ?'='--•" 6. Pre��don aad Md�rtea�noe ot Propatyi I�eWe6olddi Coadomintmut Planned Unk Derdap�s�nts.
<br /> M�°:.►s.�:--
<br /> • HouovY�er sh�ll keep tLe Pmperty in good repair a�l s�ll not commit wiste or permtt impmdtmenc or detetloradoa of the
<br /> ,, pmp�cty�wQ ehtll co�mpiy wIth the provLdons of any letse if ttris Deed of Tcust is on x ic�sehold. If this Deed of'Itust ia
<br /> " � on a unit in a coadowdntum or a pLnned untt develapment. Borrower shall pe�form�ll of Borrovrer'a obliptiom under the
<br /> • decLr�tion or oovenanta cmuin�or goveming the co�ominium or plw�eci unit development�the by-l�wa�ad nguLdoes
<br /> of the w�omintum or planeed unit development,and corsNtue�mt documents.
<br /> 7. Pe+otectlon ot I.endar's Securky.If Borcower hils ro perform thc coventw� wd �graments containal in ttiie
<br /> Deed of Tnut�or if aay acdoa or pmcoedin�is oomme�od which m�u�lly�ffects Lender's intec�est in the Froperty�then
<br /> �r�:� Leader, su Lender's opdon� upon noda to Bormwec, m�y m�ke such appearaaces, diaMu�e such sums,fsaclud9ng
<br /> ra�aowible utorneys' fees.iod qke such�cdon as is nxesswcy W protect LenKkr's interest. If Lender coqa[red mon8a�e
<br /> -.� ,-- iffiun�e ae a condit�on of mticina the low socuned by this Doed of T:ust.Borrower s1W1 p�y the promiums roquirod to
<br /> :.•-�- ; m�innin such intivr�ne ia effect until such tlme ts tliee requirement for suci►i�ssurnnce tecminaus in accv�anee wim -
<br /> ` Bomower's xnd I.endcr's wrItten egramcnt or�pplia►ble 1aw.
<br /> Any amo�nts disbursed by Leuder pursu�nt oo this ptr�graph T.wich iau,nsc thereoa ac che Noce nce� siull bxome -
<br /> sddidonal indebtcdness of Boirawer secured by this Dad of Tiust. Unless Borcower aud L.ender a�roe to otl�r temis of
<br /> �� payment. such�mauats shiU be payable upon nodcx from Le�ler t� Bomower ralu�8 P�Y�nt thereaf, Nothing
<br /> . conainai in thia p�raQraph 7 stWl requirc Le�r to incur any eapense or takc any acdon henundar.
<br /> S. Iarpedbn. Lcnder may m�ke or cause to be made tasamble entriee upon wd inspocdons of tlx Pmperty,
<br /> provlded ttut Lendes ah�U pve Borrower uroda prlor to my such iacpecdon apedfying rasonsble cauae therefor z+ei�ted to
<br /> L.endcr's interest in the Property.
<br /> NeDtnita 26876-3 T/97 Ori�iaai(A�aord�dl Copy(aranah) Copy(Cu�eoa�sf �2 ots
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