|
� . ;�}'?� •. �• . ` '
<br /> n � , ..�. . • t � " � _-__ .
<br /> . •r.b�itM�:`_.:L
<br /> ... �. �„�., gv.�,t.w• ... . � .. ti �� -
<br /> , _+" _.r..., . _. , .. ' .. . � . .. .. _
<br /> ` .� . .. . . �`
<br /> .. •� ��•' � • /� F 1 �•�•M�.
<br /> _ f � , .. . ��'✓ � 9?-��li�+s8'� �:_ �.
<br /> F � '
<br /> If Bonower pay�Punds to L.ender,the Funds suail be held in an institudon the deposits or accounte of which are insured �,;.'R�.
<br /> , � or guaranteed by a federal or state asency (including Lender if Lender is such an institutIon).l.eiuler sl�all apply the Funds ro ;�"�r,-.
<br /> - p a y s a t d t a x e s, a s s e s s m e n t s, i n s u n uice premiums and ground renta. Lencler may not char�e for so ualding and apQlying tUe �j�,�
<br /> punds, analyzing said account or verifying and wmpiling said assessments anci b i l ls,u n less I.en d e r p a y s B o a o w e r i n t e r e s t o n �r^
<br /> the Punds and applicable law pecmlts Lender to make such a charge. Honower and Lender may agree ia writinB at the time of -..,Y
<br /> .�: ezecudou of tlus Deed of Trust that iaterest on the Funds shall be paid to Sorrawer� anci unl,,ss such sgmement is made or �-:,:.
<br /> applicable law requins such intemst to be paid,I..ender shall aot be requin.cl to paY Honower any lntecest or carnings on the ; �
<br /> �r� Funds. Lender shall give to Borcowcr,without charge, an annual accounting of the Fuuds show►In6 ctedits and debits ta the �Y___`,
<br /> .�� Funds and the purpose for which each debit to tLe Fupds was made.The Fwsds aie pledged as addidonal security for the sums ��
<br /> �:_.-
<br /> ��,.,,�,,,;rx•. secured by tt►is Deed af Tcust. __—
<br /> � If the waaaant af the Funds held by Lender, together wlt�the future monthly installmeats of Punds payable prior to the
<br /> due dates of taxes, assessments,insurance pr�miums and ground rents, shall exceed the amount nqulred to paY said taxes, _
<br /> � assessments, insurance premiums and graund rents as they fall due,such excess shall be,at Boaower's opdon, elther promptly �
<br /> repald to Horrower or credited to Bonower on montLly installments of Punds. If the amount of�Bo�wer eshall pay to Lender `
<br /> not be sufficient ta pay taxes. assessments,ins�rance premiums and grouncl rents as they fxll due,
<br /> � �ny araaun�necessHry co make up the deficiency in oce ar raor�payments as Len�ler may require. _
<br /> ' s
<br /> = Upoa payment ir.full of all sums secured bY this Deed of Tnist, Lender shal! promptly refund co Borrower any Pund.q �;
<br /> ~ held by I,ender.If under paragraph 17 hereof the Praperty is sold or the Property is otherwise acqutred bY uncler�Lender sUall
<br /> � apply,no later tluw immediAcely prior to the salc of the Property or its acqulsition by Lender,any Punds hdd by Lcncler At the �
<br /> �� time uf Applicadon ss a cralit again�st�he suma secund by this Deed of Tcust. �
<br /> ' 3.Appllcatlon o[Paymente. Uuless spplicable law provides athecwise, all puymcats received by Lender undor the Note ,__
<br /> anc►parngrAphe 1 �i�d 2 l�eteaf shxU be applied by Lender first in payment of amaunts psty�ble to LeAder by Borrower under
<br /> �. rn
<br /> . � parAgrnpt�2 hereof,t�en to Interest payable on the Note,and then to the principal o£the Nots.
<br /> '.�, 4.Prlor MortQ��ee and Deccl+of Teusti Chu'�es; 1�tens•Bonower shall pedorna ell af Borrower's obligadons under
<br /> ,,.,�r
<br /> any mortgage, deed of uust or oth�r security agrcement with a lien which has priodty over tWs Dxd of Trust, inclu ng
<br /> , Horrower's cov�nants to make pAYments when due. Ba�rower shall pay or cause to be paid all texes, assesswents and other
<br /> , � a
<br /> charges, fines aud Imposidonc Attributable to the Property which may attain a prlority over this Deed of T�ust,and leasehold
<br /> r paycnents or ground rents,lf any.
<br /> 5.HazArd Ingw'r�nce• Bonower shall keep the uaprovements now exisdng or hereafter esected on the Property insurai
<br /> � against loss by fire,bazards included within the term"extended coverage,"and such other liazards as I-encler may require and in
<br /> -,__,._� such amounts and ffor such pedods as Lender may ttquin. -- ^ sQ.,��? LPIl�_P.i'y rovided. that
<br /> The;nsurance carrier providing the insurance shaii be chosen by B��aowcc suisj�:,t ta«Pp Y P
<br /> � � such approval shall aot be unreasonably withheld.All iasurance policles and renewals thenof sbaU be in a fonn acceptable to
<br />- Lender and gha11 include a standard mortgage clause in favor of and in a fomi accepta6le to Lender.Lencier shall have the rlghe
<br /> ,h
<br /> to hold the policies and renewala thereof,subject to the terms of any mortgage,deed of tn�st or other securiry agrament with a
<br /> lien which has priority o�er tbis Deed of Tnut. coof of loss
<br /> In the eveat of luss,Bonower sLall give prompt nodce to the insurance carrler and I.end�r• Lender may make p
<br /> ' if not made prompdy by Bonower.
<br /> If the Property is abAndoned by Bonower,or if Horrower fails to respond to Lender wlthln 30 daYs from the date nodce is
<br /> n
<br />. mailed by Lender�t e Blo�w�Ptha�s at�r'ption elther to restoradon or repair o�th ProPerty oc�co t1�e sums securedp
<br /> . collect ancl aPP Y �
<br /> : . by this Deed of Tnut.
<br />° � 6. Preservatton and MaSntenana of Proputy;Leaseholcls; Condomtnlums;Planned �lnit Devdopments. Borrower
<br /> _ _ � - - ;}��1 p,�Y tfir n..-�.�W., ;n gnnd repair and shall not c:onunit waste or pemiit impairnient or detarioradon of the Ptoperty and —
<br />� � sl�all comply with theyprovisions of any lease if this Deed of Tiust is on a leaseuo�a. if wis Deed of Tcust ls on a unit!n a
<br /> �'' condaminium or a planned unit development, Bonower s6all perfocm all of Bonower's obligadons unsler the declarddon or
<br /> wvenauts creadng or governing the condominium or plarmed unit developm�nt, t�c by-laws and reguladons of the
<br /> - ' condominium or planned unit development,ancl coustituent documeuts.
<br /> 7.Proterilon of Lendu's Security. If Borrower fails ro perfomi the covenxuts aud egreoments conulned in this Deed of
<br /> '1'rust, or if any acdon ar proceeding is commenced wluch macerially affects Lender's interest in the Property, then Lender,at
<br /> ' Lender's opdon, upon notice to Borrower, may make such appearances,disburse such sums, including nasonable attorneys'
<br /> � • fees, and cake such acdon as is necessary to protect Lender's interest. If Lender required mortgage insurance as a condidon of
<br /> . ' � nutking the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br /> } undl such time as che mquirement for such insurance terminates in accordance with Borrower's aad Lender's written agreement
<br /> - r� or applicable law. _
<br /> Any amounu disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become -
<br /> addidonal indebtedness of Bonower secured by this Deed of Trust. U�less Borrower;wd Lender agree to other terms of _
<br /> a ent t�ereof. Nothing contained _
<br />= payment, such amowits shall be payable upon nopce from Lender to Borrower requesdng p ym
<br /> - in this paragtaph 7 shall require Lender to incur any expense or take any action hereunder. � '
<br /> - g, InSpeciton. Lender may make or cause to Ue made reaso�oable entries upon and Inspecrions of t�e Pmperty, provided �
<br /> that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's t
<br /> interest in the Property.
<br /> � 9. Condemnstion. The proceecls of any award or clxim for dan�ages, dtrect or wnsequential, in connecdon with any i
<br /> - condemnadon or other t�king of the Property, or part thereof,or for convey�►nnce in lieu of condenuiation,are hereby assigned t
<br /> _ � ,.„d�t,�it t,e naid to L,ender,subiect to the terms of any mortgege,deeci of trust or othec securiry agreewent with a lien which �
<br /> � has priority over this Deed of Ti ust.
<br /> _ � 10. Borrower Not Released;Forbearance By Lender Not a Waiver,fiatension of the time for payment or moclification �
<br /> 1 of acuortization of the bums sec:ured by this Deed of Trust granted by Lender to any succr.ssor in interest of Borrower shall not
<br /> = � operute w release,in any manner,the liability of the original Borrower and Bunower's successan in inrerest. Lender shall not �
<br /> j be required ro commence proceedings against such successur or refuse to extend time f�r paymeut or otherwi;z modify
<br /> � amortization of the sums secured by d»s Deed of Trust by reason of any dcmand made by the origin;►1 Bormwer and i
<br /> Banower's successors iii iuterest. Avy forbearance by L.ender in exercising any ribht or remedy l�ereunder, or othenvise
<br /> i afforded by applicable law,sliall not be a waiver uf or preclude die exercise of xny such right or remedy. i
<br /> Form 3828 i
<br /> ' i
<br /> � Pegf 2 of a
<br /> I
<br />
|