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<br /> � = e�ac�'s �s�x aa.s�A c c�s� ��'° 11�D351 aoiais ia�os���� �� , �;�t �
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<br /> • ``' r''` L11VIE�Oht811 COVENAN'�8. �OI[8�'li�i 8II�LCIIELL'r�AiTEfl311t BIt�S$IEB 88�OWS: ' ' "
<br /> - 1. OY 8I1� I��3.n �O�P•t �l g�Y �Y 6VhEII QI1B t1� ��1 BIIS� �I�t �` � K ,. � .
<br /> � t����te arc�late c�arges as gravtdedi�-tt�I1a�e. ` �. ; �Y r,
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<br /> � °r� �,� �. �.btim�ec�r Teat�sad Iagmr��e. §nbject m appliceble ta�v or a�Iugn waiver 6p Leader,Boi�wec s a a 1 1�y t o . ,�. ��.���
<br /> �`� �� Lender�n the day maathty�Ymruts of Prla�ipsl an4 inte�est aze paqable un�der die Note.um�dt�Note is psid ia falt,a , �;.. �
<br /> . a'�-� . sam fheidn'�unOs�)e�al t�on�relah af d�e qea�Y taaes aad a�es��(instud�n8�do�aIId pJaan�mdt f= . ..
<br /> . . . _ ' . daveiopmeut a�ats.Yf aay)whi�c�maY at�P�O�ty mrer tLis Dee�of Tiast.end giamud rems on the�rogerty,if ,
<br /> �, .,�:� :,,�,;; � atty,plas on�twrl8h of Y�dY�i�tor�d ias�ce.Ptus aa�twelRh of yeatlY P�� , `. ." :
<br /> � . . � for�qe ias�e.if�ny.sU as r�s�nablp �d iniEialty�ad f�tt�to time by I.ender oa the basis of '�::': .:�. �, .`' �'
<br /> . �� ',• e�an�bilis and r�ble esdmat�theieoL Boaower shari aot be abligate0 to�ake s¢ch paYn�of Fands � � ` 4�
<br /> . , -�--''"�--~-�-� t o l.e u d e r w r h e e x t e n t t L a t Bo�wer�res snch p�y m e�co�e haLier of a prior m�t�Se or deed of m�st if sach holder
<br /> - is an i�amal tea�r. - '�� �
<br /> �,. If Bortawar pays Fimds�o I�s,the Fands s6all be held ia aa iasdt�ioa the depnsi�ar asoo�ats of which ate ` �
<br /> . � ia�ed pr gpardntced Dy a Faletal or state agencY(fnslad�nB I.end�r if I�end��r is such 8n i�ot�.Lender sh3U appl9 , . �:x:
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<br /> .. �1C�S�Q p'dy►��7[eS'h 8��.�SIlt8�2�BIIS�g[OUII�ICl11S.�II139 4QL C�6�8I SD bO+.,+..5 SIIFl . °t .��
<br /> � .� g��yi1��F�S. BII��ffi�3�GOIIII!OT V�8IId CO�'S8�8�SII�b�tID1eS9�CT P3�8 � °
<br /> ti ' ° Bonawet intecest an the Funds aad apg�llic�b2e iaw pe�I�ndea to make sndi a ct�arge.Bomuwer ana I.eatler may agreE r_ - ----
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<br /> iu wrldng at the tiu�a�e�udon af this Deed of Tmst that i�er�st an�Faada shaU be paid w Batmwer.and unless ....�.._
<br />- .. ... s�3,a��s m�e ur appait�bie taw r�surb i�e�st co be pa�a.rauaer shalt not be:eq�dte�m pay sonawec • < . ,.:
<br /> �� an a�al a�au�u8 of tbe Pua�s °.-r,� ,
<br /> � . � ` _� . eaY insecest or�on the Fands.Leud�r d�aU give to$aaawer.witho�cbacge. :;: -_-'_'`"
<br /> � show�g c�ediis an�1 debits to the F�n�s aIISI @�e p�cgose far wbic8 eac6 debii to t�e Fuads was made.The Fmnds are <<� _
<br /> � ' ` �"� . piedSPd as ad�idanal sec�Iry farthe�s secutod 1iY this DeedofTmst. ' . � .-�.:.'-_
<br /> . .- �� ' If�e am�nt of the Fauds 6eld by I.ender.toge8ier wIth the faaue mo�9�aUmr�ts of FasWs payable PsIor to , ----
<br />_ � .�•� . ° aad r�sball exc�d the amouat�qaiied on PaS►s�d . � J
<br /> Q�e due datea uf taites,a�smems.ansu�ause Pre��s � �`� -
<br /> . • � � taaes.asses�,�oe p�emium�sud�aumd�s as theY fall due. sach�sball be. at Baa�ares's a�pi'�s�. . •:� :`i—
<br /> � ei8ies pmmgtlp repaid w Bamawer ar aedl�ed w Bouower on maatblY I�+Itme�of Fun�s. If the a�ummc of the Fanda ,
<br /> . . ��. . ;- Oc¢areMa71}C �����riilo aA��� �_..t
<br /> .. '`"� h21d 6y Igader shall Qot be s�dent to pay taaes,--------------- . , ��
<br />. � Boimwer sbaU pa9 m Lgudet�y amaant�eoes�u9 to make up tT�e d�deacY m oae or m�pay�ents as Len��t maY _ -
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<br /> ' �PaY�in fall of all sams seauedby tbis Deed of Tiust,Lender s�Pmmp�lY��to Bormwer aa9 FuIIda ,g��
<br /> . . _ ltetd Qry I�er.If o�er�h 17 het�of the Picupecty is sold a�thg Progecty is othetwise ao4+dtad bY Lende�I�adet .,.°, ,_
<br /> apply,ao Iater tlnn im�n�ia�I9 Prfor to the sale of the P�uperty or iis acqaisldon bF I�eIIY��� �� ,��
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<br /> . ,,.:�;;_;�;. :�. lxndea st the ttme oP applicat�an ag a credit a�inst�e s�sec�ed 6Y tl�a Deed af Ttast. , . �----�
<br /> ;:. 3.Appllt�fl�a af P$y�• Unl�appllcable taw pravtdes otherwlse.all PaYm�ss seceh'ed bY Lender ander tLe J � _
<br /> ' .�� � ` Ls 1 aud Z h�eof sBall be agplied by I�enu.�x�t in payment of a��yab l e m L e n d e t b y Boaower .��`y� —
<br /> :'� t� i No�andpatagzap . . ,--=
<br /> � .. : ander Pa�ageaph 2�Seof.then to iate�st gaya6le an the Note.aud the�to die grincipal ofdse Note. '��i :..'.�.:;�`,_,.—
<br /> �� , ; 4.?�t�r�amdl De�ds oF'�Sti �I.iais.Hos��2r sLall pecfoim aIl of�azmwer's obli�ons
<br /> , . wIth a tIen afi�sh l�as prtartt9 over tNs Deed of Ttust, :`-�
<br /> .. �:�. ';, �Er�y mortgage,deed of tNSt os�ther s�►a�eement .�'"- -
<br /> . , , .�' , instudis�g Borm�,er�s covena�ro maia paymeats when dne.Bomow�m�ay altaia a�Ly aves thts D�� �;' -- -
<br /> � �. . • .:`�.` �nd athet c,�ar8es+Snes a�+1�OSittoas aarib�abie to the Pmperts► -- ----�
<br /> . . .:, sud Ieasehola payments or grflnn0 rents.if any. ., .• ,.�.,��-'
<br /> , ..'`•':". ,._� �.Ha�rd Iv�oe. Bosower s1aa11 k�the imProvemenrs now existing or h�e�ested on die Pmpertq .. ,----
<br /> . . 1ns�e�a g�s c 1�Dq fue.I�rds included wit�ia the tetm'eatended cove�age°,and sneh other bamtds as Ien�er may `�:•� ;.�': ., ���
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<br /> . � . � reqnir�aad ia sucL amuimts and for sacb pcniads a9l.ender may n�qui�e. : - ,; --"-..-..�;:=
<br /> ,` ' , . ,�' 7he�carrler pravtdinS tLe insarance sLaU 6e chosen by Boaow�r subjort to appmv�l b9 I.eader,Dmvtde�. ': ''.°'�k�—:
<br /> ', � ' � that sach apptoval s�all aot be tua�asomably avit6held. All insu:ance PolicIes and tenea�als 8te�eof s�ail be in a fvim = _''�'_�
<br /> r � � � � � acceptable w I.ec�za aad sball iaciade a staada�murtgd8e clsuse in favor of and m a fo�aocep�b2e to I,enQe� L�eadet � •�
<br /> . . `� s�all t�ave the�i g h�ta haTd the p�llcies aad renewals thereof.subjecx eo the teans of any mortgage.deed of ttast or other 1 -� _y,
<br /> , � . � :''� secatit9 agc�a�nt wltb a llen Whiob t�as psiasIty rner t�is DEed o f T m s t. ;y ' �_•
<br /> • �y In the eeent of tass.Bormwer shaU give prompt nadce to tLe insuraace c�er aad LeBder. lxnder may ma�e pmof . -v
<br /> ' • � ��% of Ia�if�i made pmmptty by Borrawcr. �.. �
<br /> ';�• . . '. If the proPertY is uhandaned�S►Borrawer. or if Boaower fails ta respond tfl IRnder wittda 30 days fmm the date �
<br /> . notice�s maite�by lea�er to Botmwer tLat Ste iasivance c�der offas to seule a claim for insu:ancs 6enefits�I.ender is , � . : '�. :.
<br /> . .� aut�nriz�to coltoct and applp ae ims�uauce pmceeds at Lender's optlon either w restaiattoa or�pair of the Pmperty ar ,: r:�;;. ;
<br /> . � to H�e snms secured bY t1�ie DeaO of Tn�s�. .� . .
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<br /> _ . � . 6. Pe+�trva8ot� en� Mefste�t� ot T�+opertyi L�se�oldsf Candnmtni� Flaim�d Unfi Ds�elogm�ts. .... '.
<br /> . . ' �ormwei sLaU ke�the�mpeny in gaod t+epair aud s6ai1 nns cammit waste or peimit impaiiment or det�loranan of the ' . . ,
<br /> '. ,< .. � . " p�,aperty aaa sball comply wttb the pmvlsions of a�r lease if thls Deed of Tinst is on a IeaseEold.If this Dad of 7Yast is . .
<br /> on a aai�in a candomi�um o:a plarmed uait devetopmens�Bomnwer sl�all pesfo�aU of Bozmwei's obl3gadnns ande:Qie •,:,:��
<br /> . . .. declaration or covenants ec�in8 ar 8o�erd�the consdom�ium or plauned unit deveiopment.the by taws and regoYndams � , .
<br /> �;,�_� . . � of t�e condominimm or pianaed uait devetapmeat.aad coasdtaent dacamenrs. . . .. � .
<br /> 7. Pe+ate�.-�ot Lea�er's S�uI4y. If Boirawer fails to perform the coveaants an0�Contai�ed ia tb9s � `"
<br /> ., . .•� Le �� � .. .
<br /> Oced of Tmst.ar if a�r acdan or praceeding is cummenced afiicd�matertauY a�c�Lea�er�s����P�Y•�
<br /> , l.euder. at Leader's op8on. �n ao8ce to Borrower. may make snch appeazances, dlsb�se sncb sa�. includts�8
<br /> ' �` �na61e attomeys'fees.aEd talce snch acdon as is nece�saty to protect I�nder's ir�eses�.If LeaQer zeqaine4 mortgage .
<br /> �' ,� � iasuianse as s coadidon of m�tdng the loan stcu:ed b7►this DePd of Tms�Botmwer sball gay the p�minms reqaired to . .
<br /> maintain sach in.�urattce in effect ua61 sucb time as tt�reqtt3�+ement for such insniause tetminates in accordaa�e wlth ..
<br /> • � ' Surravrer's and IBader's wrltten agteement or appllcable law. • . : , ' ,
<br />. � � . , Anq amnunts disbwsed by Lender putsuant m this paia�aph 7.wlth interest thereon.at the Note:ate.sLall become . .
<br /> __;��. . eddidonal lndebtedness of Botrower secured by this Deed of Tmst.Untess Borrower and LenQer a�ee�f. No�of
<br /> '. paymssnt, snc� aawuuts shsll be payab2e upoa nodce frnm Leader to Bormwer requesdn8 PaYme� �8
<br /> � wntained in this paregraph'7 abali reqnire Lender ro incus any exgens�or take a�yr acdoa hereuader. :- -.
<br /> . � . �. 8. IasQection. Lender may make or cause to be made reasonable entries upon and insPectton9 of ttie Ptoperty. . ,
<br /> � piovlded d�at Lender sball give Bor,rower nodce prior to aoyr siuh inspection spedfying reasonable c�nse therefor related to , .
<br />_ .. � � �L,e�r's inierest in t�e Ptioge:ty. � ' '
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