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<br /> � �aa�vnnT. D i+1II+EaNSGN c�r L w�soR 9�� ���� aao�a4 12/08/1997 ' •;, '� .` ."�`r:..,;
<br /> ���p/��1f /��/p��•'� n1Aw��n�� ww� ppen�`�/��e�e. ... '� �.
<br />..., � .. . Yl�l[�ViWl�V�Gl�fL.l�7� DOLV���rs��a W��81W�y�K Yi 117LUn0. 5•• .
<br /> _. _ .r..v 1• QtlflaHif � �[III� 8II11 �. 80lIOW.?f SIk1l1 �IUID�uy �2y Wb�II �I2 f1JC pnIIC1�31 2II� 1IIYCI2S� �<
<br /> �,;.. ,.` - indebted�ss evidease�bq the Nate and lare cBaRges as p�dtded in We Nott. � :�•
<br /> f c..:
<br /> Z.Fuads for Ta�c�ead Iagm�ao� Subjeet w app�icable iaw or a w:ittea waiver by Icnder.Boaower sball pay m ��; - .
<br /> '. ' l.eader on dee daY��Y P�Y�of p�Cipai and i�est ate gayable uIIder thr Not�un�the Note u paid In fiill.a , e` .���:��
<br /> ' � � � � .. sttm(1�ere�n�Fnads�)e�al m one-twelRh of the qe�rly taxes aad a�ents C�1����aad pta�ed umt ` ;� , .:' '.°`.�
<br /> , , devetopment ass�s�•if an9)wlucb maY atmia OriorItl'aver this Dced of Ttast.and�roand r�nts�ou the Pcuperty.if '< " .' '_- -
<br /> - .. �` �y,plas oue-twelf�6 of pearIy pre�m iastaltments Soz hazard iasaraace.ptus one-twelflh of ye�rty pte�ia�ents ' ��.
<br /> ha � ... ...
<br /> , � - for murtgage �ce.if aay. all as �aso�bly estimated imdaity aad gmm f�me�time hy I�ender on the basis of • � ' -
<br /> .� .��,:.., �•�� c�t �::
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<br /> . � ` .��;( asse�ments aud bills and teaso�ble�ates theceof. Borrower shail nnt be obligated w maice snch�yments of Funds ..1
<br /> - - tQ�*to the exte�that B�awer matus snch paqments to the ba2der of a paor mortgage or dced of uasi if sac6 holder ,,,�� .<
<br /> -- �-` ` is aa�onal ien�er. - -- - -
<br /> — �
<br /> � `'�. � If Bonower pays Fnnds w�,the F�ds sball be hgtd in aa inst�wn tl�deposus or a�of which are ;�:.:i.�i,.
<br />- �.:_. . 1
<br /> `',.,:.. , ins�ared or guaranteod by a Fedeial or sta[e agency(inctudiug I.ender if Len�er is sa�an instiwtion).Leader sball apply :,��,`�._
<br /> .: : the F�ds w gay said ta�es.as�.jm'�uance Premiums an�Bmw�d re�.Leade�may not rharge for so LoIdiag and , _
<br /> .: a. applying tHe Fwads, anatYzinB said acconnt or vetifytng ai�d comP�ing said a�ents aad bills.unless Lender paps � . _
<br /> . Boarswer intecest on the Fuads au�spglicabte taw pemnts I�nder w make sac8 a c�aige.Bnaawer aa�Lender may ag�ee ...�M _- _
<br /> ' . . • in writtng at the tiime of eaec�utian of this Deed of Tmst t6at�st on t6e F�mds sha116e paid m Borrower.ansl nntess :;yy��-�`
<br />- ,. . _ .�'� soch ageemsnt is made or applicable law requi�es such iaterest to be paid.I�nder sha11 aat be r�u�m pay Boriawer
<br /> , ,�-�=;.
<br /> • - aaq,interest or eanaags on the F�mds. I.ender s6all give to Bomower,without charge.aa a�nual accam�it�g of t�e Faads
<br /> - ' _ shnwing ctediis aad debits to tlte FuEnds aad the parpose far which eath debit eo the Fnnds was m�e.The Ftmds are ,- ..
<br /> . ._•I,''t ptedged as addidoaal seauity for tLe samg seeau+�i bq tbis Deed of Tiast. . --=
<br /> If tbe amouai of tbe Fmmds heW by l.sntter.mgetber witb the fawre mnatfily instalittt�nts of Fnnds payab2e prIor m --
<br /> ; er
<br /> .'t�� `. the�iue datsx of tases.as�s�e�.insara�x premiums aIId groan$ienis.shall eacceed the amount r�qaired to gaq sald —
<br /> ;; , „ _.--
<br />-:r � ----
<br />-= , ta�ies. assc��!±*�i�ans�p�miums ami ground rems as tLey fall due, such e�sbaU be,at Bosrower's opuon, -�"'.
<br /> ,{.a=_�_4' �;=���_'` eIther promtptiy npaid io Bamawer or ctcdited to Bamawer oa mnnthly i�of Fsasds. If the amount of tt�e F�ds ,-_-
<br /> ., tield by Leader sbail uot be saffcienc to pay tases.asse�ent�,insnran�e pse�s av��auod�ents as chey faU due. �� _ _ --
<br /> . �':. ' '' Borcower sball gay to Ltnder auy amotmt necessary to make ap the deflctency in oae or umie paymeius as I.ender maY - "
<br /> _ , 'f' �ll �
<br /> : '. . ; re,4uire• �
<br />_ .. �. !.. .`�.�'�� Upon payment in fall of all sums sttaced by this Deed of Tmst.L e n d e r s h a II promp t iy re f i m d to Bomawer a�r F n n d s �''-`' --
<br /> , [�.•��-;;.:�
<br /> . . ,:°^: het$by I�nider.ff w�der para�ph 17 I�ereof the Pmperty is so3d ar the Pmperty is oihetarise acquind bY I�nder.I.sn+der ` -
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<br /> - .. .- shall apply, no later tt�au Immediately prior to the saie of the Pmperty or its acqutsidon by I.ender,anY Fagds held by `'' . -'�
<br /> . all
<br /> ' ' ._ � . "�.�.,: � Lender at the time of appliCadon as a ccedit agaiusc the sums�by ctns Dced o�Tiast.
<br /> 3.Appltcatlas�oY P�yateate. Unles�appHcab2e law pmvides utheiwise,all payments r�cetved by I.ender a�der tt� ���u.�'�-
<br /> : �
<br /> •'., . . Note and patagsaphs 1 aa�2 hereof shall be ttpplied by Lend�cc fusi in gag�nt of amssu�ts payab2e to I,ender hy Bomuwer `; '��_
<br /> ' under patagraph 2 her�eo�then to interest payable on�he Nate.and then m the psimcipal of the Note. �
<br /> � • � 4.Prtor Moi4gagc9 an��S of Tr� Char�e�t Ide�. Bosrower shall perfoim all of Boaower's obligat'soas � ''� i —
<br /> . ; . : under airy martgage. dced of inest or ather s�caiity agree�eat with a lien whicti has priority over this Deed of Trast, —
<br /> -.:. �.:•.r:. .�__ _,. _.
<br /> ''. including Bo:rower's cavenants to ma�e paysne�s when dae.Bomnwer shall pay or c,a�use w be paid all taxes.asse�eats
<br /> � �� ' and other cbasges.fiaes and imQostdons amibntable to tbe Pmpeay vfiich may aat�n a praorlty over this Deed of Trust, -
<br /> �..-� -- -=�.-.
<br /> � — - and leasehotd paymeats or�CVUnd tems.ff an7t. ' �;-1�-
<br /> ' S.Hazard�nsarance. Bmrower si�aaU keep the imgnovemsnis nuw e�isdng or heieafter erecte�on the Property _ _
<br /> �� .:;` insaQed agaiasY tass bq Sre.bazai+ds iaclnded a►ithiu the t�erm°extended caveeage".aud sach other hazards as Lender may � `—_
<br /> msa �._
<br /> . , req�nze aiW in such am�and for sucL per�ods as Ixuder maq reqaire• . --
<br /> . . 'Ihe in�raace caaIer pmviding the insuiance sLall be chosen bp Borrower su6ject to approval by I.ender.Pmvided. � ;----
<br /> �%°: . , . that such appraval sball aot be vnreason�ably withLetd. A11 i�uance yol�cies aad renecwals theieof sball be ia a foim . • �----"
<br />�-`.�'`. � � �. � acceptable to Lender and sbaU inctude a standard mortgage clause in favor of aad ia a fo�accepnabte w Lender. Leader _ . . . _
<br /> �' . .'- s1�aaU bave the right w hold the pmlicies and renewats thereof.subjea co the teims of aap mmtgage.deed of uust or other - •`��-_--
<br /> �: , `. ,�.
<br /> . - sec�uity agreemeat with a tien which has prloriry over this Dced of Trast. . ---
<br /> -„:.:.,:__
<br /> � . In the event of tass.Bomuwer shall glve pmmpt not�ce m the insora�e carrler and Lendea. Leader may make proof � .�� .. .°- _-
<br /> of loss if not made promptly by Botrower. � . `�
<br /> � . � . If the Property is abandoned by Horrower,or lf Borrower fails w respond to Lender aritLin 30 days from the date -�-.,°:`-�----,,.
<br /> . _ notice is mailed by Lender co Bomnwer that the insv:ance ca�ier offets to seale a ciaim for i�e beneSts.Lendei is . : ,
<br /> � . " � authnrized co collect aad appty ttte tusv�ance pmcee�s at Lender's opdon eIther to restozaaon or renair of the Progerty or . :• ..
<br /> . . � . to the sums secu:ed by tLis Deed of Tnut. . ,. ,"
<br /> � 6. Pc�servatica aad Malnie�ace oY Pa��etty3 L�seholdsi Condomfnlums3 �� Unit Developmett�. . ..
<br /> ��� Bonroaer shall keep the Property in good repair and sl�aall not cummit waste or permit impairm�nt or deterloradon of the . �
<br /> , . . ., Propeny and shall comply with the pmvisions of any tease if d�a Deed of Trust is on a teasehotd.If this Deed of T:nst is ,
<br /> � � • � on a anit in a condominium oT a ptaaued unit development.Bomnwer shall perfaim all of Bormwer's obHgadons under the - .
<br /> � � , declaraflon or wvenants creadng or gavemiag the condoa�ium or plaaaed umt deve2opment.the by-laws and reguladans . .
<br />_..`<> � � of the condomininm csr planned u�t development.and consdareat documesrs. :
<br /> . � 7. Proie�ion oY Lender's Sectn�tty. If Borrawer faiLs to perform�ie covenants and agreemer.ss contained in this .
<br /> . � Deed of Trust.or if any action or proceeding is commenced which mater3aily affects Lender's iaterest in the Ptoperty,tlten � .
<br /> , , ' i Lendet. at Lender's oprion, upoa uodce to Boaower. may make auch appeataaces. clisburse such sams. inciudiag � ; '
<br /> � . reasonable attoraeys' fees.and take s�ch action es is necessary w pmtect Lender's intemst.If Lender cequi�d utortgage . . .
<br /> � � `• insurance as a wndition of m�king t�e loan secuied by tl►is Deed of Tn�ss.Bosowas st�aU pay the premiums reguimd to � . ,
<br />'.� � , maintaia such intiurance in effect untU such dme as the requirement for suc8 insurance terminates itt accordance with . '
<br /> . ' . ; Borrower's ansl Leader's written agreement or apDlicable law. . .
<br /> .�. . ' Any amaunts disbursed try Lender pursuant to thls O�S�Ph 7.with interest thereoa.at the Note rate,shaU become , '
<br /> � . ! addidonal indebtedaess of Boaawer secuced by this Deed of Tn�s�t. lJnless Borrower and Lender agree to other terms of
<br /> � payment. such nm� shall be payabie uQoa nodce from Lender to Boaower requesting payment thereof. Nothing . . � •
<br /> .. . � � conta9ned in this paragcaph 7 shall require Lender to incur any expense or take any ac@on hereunder. • . �.
<br /> 8. Insp�Ctton. iender may make or cause to be made reasonable entr�es upon sud inspecdons of tke Property.
<br />- • . • _ � provided that Lender si�aall give Borrower notice prior to any such inspecdon specifying seasonable cause therefor related to
<br /> Lender's interest in the Property.
<br /> � 1 . .
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