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<br /> n • � � �D� ��8� a �D� 2515361 Ql/11/1999 :�•s ��� ``
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<br /> <` ` - UNIFORM CAI�HNAN?5. Borrower and L,ender coveoant atW agree as foltows: � e: §F: _ `
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<br /> ��_,:._._,•.�.`.,t:`:`'� l. Payiuent of Ptindpal and Ittteeest. Bo:roarer shaA pmmpdy pay when due [t� principal sud interrsc � -'
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<br /> - - �= iIIdebtedness evideaoed by the Note and late chaiges as pmvided in the Note. '.� `�u`; -
<br /> <° ' . ? Z.Fmtds for Tages and Im'�auce. Sub3ect ta applicable law or a written waiver by Lender.Bornnwer shall pay w � �'�3 c s
<br /> �,� � t _ �,eader o�t the dsy mnathiy paymenis of principal as�d interest ace payable uader tiiC Note.until the Note is paid in full,a
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<br /> a G�- sum(heteia'Fuads°)e9ua1 w atte-twelfth of the yearly texes and aaessments t including condomininm and planned uuit � ::, t
<br />-- � � � � `. developmeat assessntents. if aay)which may attain priority over thu Deed nf Tiust.and sroun�i reuts on th�Properry.if � :�.`.F`., •, ;.��;,'
<br /> � ` � � � :� eny.plos oae-twelfth of yesrly premium instai�me�+*�for hs7ard insutastce.plus one-twelfd�of yeazly premium i�rallments � , - =,
<br /> ,` -_ for most�3 a g e msttta�e. ef an]►.s!1 as reasonably estimatod initially and from time to timC bY ��r on the bas���f � ��: --
<br /> � . , ` � � .�.�:.
<br /> � . � �- �g�b�71s an�mesonable estimates thereof. Borrower shall aot bC obligated co malce sut:S�paymeats of Funds
<br /> ��'' nts to the holder of a priar murtgage ar dred af trust if such hotder ;' � `' � � .
<br /> :lC�;��` .i ; " � ta Leader to the eatent ttmt Bos4ower makes such paYme
<br /> ' ' iS 8D lA3l�ZCA�CI• : �rr .:
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<br /> �.� . _ , Ur Boisowec F+ays Fuods m L.£nder. the Fwids s6aU be held in aa insdtutioa the3 deposits or aceauuu of wLich asti 4. �
<br /> ._: �u�d or gastanteed hy a Fede�al or state ageucY tiacluding I.ender if Leader is sttch an inseitution).Lendrs st�aU apply ..4 !�` �' .
<br /> t` the Fands w pay said texes.assessmenta•ia�ttran�Plemivms and gound teuts.Lender may not cdarge for sa holding and ;
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<br /> `� ��` ` ` �� - applying the Fands. aaalYzjng said axousu or verify�ng and comp�is�g said assessments and biUs. untess Leader pays '�•`. .,
<br /> � , �•.,,.,�
<br /> Botrower inteiest on the Foads and applicable taw germies l.ender m make such a cl�arge.Barrower and l.endec may agree ,'v_J.•" ° ,�.
<br /> - •'�`' •'' . - - ia writmg at the time of ex�ution of tbis Dced of Tnut ttrst interest on the Frmds shall be paid to Borrower.and uuless ;;.;�.�_�-,-.�,:';-
<br /> �..`_, s_ : : y���ent l�made or agplIcabte law ieqnires such iaseresc to be paid.lxnde�shall not be requinxi to pay Borrawer . -�
<br /> � � .� � � `.',, �Y��st°r eaztu°ga on the Fuads.l.euder shall give to Borrower. without charge.an atmual accountiag of the Fuads i, ,
<br /> se foc which esch debit co the Funds aas made•The Funds are `` `
<br /> ' - � ,�. � sl�ovviag ccedits and debits w the F�md4 and the pazpo . � .
<br />��' r`���� ` : Pledged as additioaal securiry for t6e sums secured by tLis Deed of Ttust. •�:�; `� -�
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<br /> s�.�.` � .. �•. .' If the smrnmt of the Fnnds hetd hy Lxader.coSether witte[he futuse montWy iastallments of Funds paya�e atio�� :
<br /> .s .�;.`: `' . • � '.: the das dates of ta�ces.assess�nis. iasurance premiums and groond rents. shall eaoeed the amount requiced P Y ` ,-�
<br /> ` � ��-`:�,�i tases. assessineuts. �a�oc Pre�and gronad iencc as ch�y fall duc, such eacess shaU be. at Borrower's option. <:._._ ' _`
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<br /> `` • �� ` �;;t�G eithec PmmPtlY repa�d to Botrower os credited w Borrower on monthiy instaUmeuts of Fwids. If the amuunt of the Fmids .',�:: ::: ,r`
<br /> -i`, .. :eminms and uad reuts av they fall doe. �.
<br /> . . _ held by I.eader shgll not 6e suf�cient to pay taxes.assessme�x. iasurence P S1O .;.�:; .
<br /> _ Bomna�er shatl pay w L+ender auy amoaat ae�uaty ta make aP dte deficie�u.y in oue or more payments as I.ender way '�;�;:.��`�':';,�6'
<br /> � �: require. ` 1 � '
<br /> „ � .,�;, Upon payencnt ia faU of a!1 sums sea�d 6y tl�is DeEd of Trus�Leuder shall promPdY nfund w Bormwer ony Fw�ds ;�� -
<br /> � , � :t is sotd ot the Propesty is othenvise acqaited by 1�eader.Lender £Y ��,�_.
<br /> - �d�I T.C11dCG�IIOaCi p3T8�SQ11�7 Z[@tCOf ibC�Blly� ,
<br /> ; -;; sball apply. ao Yater thaa fmmediateh+Prior w the sate of the Propeity or its acqaisitEon by Lender,anY Funds held by �_,�_
<br /> ' all
<br /> � .'�. .,; � � :..� Leuden at the time of applicatinn as a credit ag,aiast the sumc secared by this Deed of Trast. ;G •
<br /> - 3.Appltatlon oY P�yutplts. Unless applicabae law pravides othetwise.all payments recei v e d b y I.e a d e r u u d c r t h e ,
<br />. ':��. F' . •_ Nooa and patagtapl�a 1 aad 2 heteaf sl�all ba applied by Lender first in payment of amnussts payable to Laader by Borrower `
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<br /> : '"`'`� +... -' . , � wides paiag�aph 2 heteof,then to interest payabte on tha Note.and then to ttte prineipal of the Nate. , _ -
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<br /> �r��y:.�, �;. :' 4. FlIOP MOt��$QS Si�A DBC�OY�IYl15hs C��$-�'s �' BOStOWCi SII3I) jfClEOtIA 8Ij Of BORnW6P8 OtfII$St10114
<br /> " + '' undel aay mortgage.deed of uust or otlter securiry apeement with a lien which has prlority over thls Deed of Tniu. •
<br /> ' '�.,.;, • . . ' . inctadiag Borrower's covenants to make payments when due.Borrower shalf pay or cause to be peid all taxes.essessments . . - -
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<br />. �'�,;�:. • and other e�atges, fu�es aad imPosidons attdbutable to the Pcoperty wbich may attain a priority over[his Deed of Tnut, `
<br /> r.3�..;,: . . ,... �" '°:• and IeasehoW paymeats oz ground reats.if any. �4
<br /> .. .�._�;:
<br /> .�:. '` '.... � .;.;,.�• '''. 5. AaTard IasaranoG Borrower sl�all keep the improvements now�existing or hereafter erected oa the Pcogerty .
<br /> .�.:.;' . .' �` ,
<br /> - �.. �•: ``:- i¢�ured against toss by Sra.hamrds included within tha term'extended wvetage°.and sucb other t�azards ag Lender may .
<br /> ��� � � .. F requira and'm sacls aumuats and fos such perlads as Lender may requise. _��� .'•
<br /> � ;. J. . T�",s Zhe�carrFer provi�ng the intuzance shall be chosen by Bomawer subject w approval by Lender;pmvided. . <<:.
<br /> . - �s¢ch appt�val sball not be unreasanabty withheld. All intiviance pol�Cies a n d reuewats d►ereof shall be in a farm
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<br /> � S�ptable w Lemdet an�d sLall lacluda a steadard mostsage clause in favor of and in a form acceptabte w Lender. Leader . ..
<br /> ..�:;•. ' ,' . sLaU tu�ve the right to hold the policies and nenewals thereof.subjecc to the temos of any mort�ge.deed of aust or other .
<br />�_=�'�s::. ' � , ' - - S�urtty agieement aitb s lien adich has prioritY over thts Deed of Tnut. '
<br /> �'-�,� . ., Borrower shaU give PmmPt nodce to eha insurance catrier aud Lender.ixndrr may make proof ..
<br /> In the event of l�ss. J
<br /> °:�'�`' , .. of 2oss if uot mads Pma�t1S►bY Borrower.
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<br /> ,,`,:.:�.`::. ., .. ' Tf the pmperty is abaudoned by Borrower. or if Bonoaer,fa►'Is to respond to Lender within 30 days from the date
<br /> .�:Y'f:..: ' -- . - �tica is maited by Lender to Borrower that the insurance carrier offcrs to�seule a ctaim for insurance bnne6ts.1,ender is 5_ .. •
<br /> ,����'•� ' ` .. . authotized to coltect aud apply the[nsutance pcoceeds at Len�iec's aption either to rcstoration or rCpair oi the Pmpeity or , .
<br /> ..,�-;,;.i, • � • :, to the sums secured by this Deed of Tnuc. . • . .
<br /> 6. Preserva8on and Malnieaanoe of Praperty: 1.easeholds: Condomliilums: Pianned Unit Developments.
<br /> . •.� Borrowet shall keep the ProPertY in�ood repair and shall not commit waste ar permit imp3iraient or deterioration of the ' . .
<br /> .�._,..:• .
<br /> -�- "�: ,: . . properry and shell comply P Y
<br /> s. with the rovisions of an lease if this Deed of Ttust is on a teasehoW. If this Derd of Trust is
<br /> � on a unit in s coadominium or a planned u�It development.Borrower shall perfomi all of Bncrowcr's obNgatioas under thr
<br /> : �;� �` . .
<br /> -;. �� �' `..' declaration or coveaaats creating or governisl8�he condominium or plaaQni unit devalopmen�,the by-Iaws and regulations
<br /> •.F.��.,".. . � of ths condominium or plaaned unit development,and conctiment dex:um:nts. •
<br /> ..,;,; � 7. Yrotection of Lender's Sca�rit7• If Boaowet fails tu perform the co�enanu and a�c�ements contained in this
<br /> �=� �• : . . .
<br /> . •�:�• .'. . peed of Trast.ar if any action or proceeding is commenced which araterially affects Lender's intenst in the Property.thsn
<br /> :,:: � � �• Lender. at Lender's option, upon notise to Boaower, may make such apQearances. disburse such swns. inclwling
<br /> . �i [o rotect Leudea's interest. lf Lender ccyuired niongage
<br /> •�:,.,'., . : ; reaso�ble attorneys' fees.and take such action a� u uecessarY P
<br /> •{.:.;� insurance as a condition of making the loan secured by this Deed of Tnist, Borrower shall pay tAe prcmiums required to .
<br /> �} , maintain suc6 insvrance in effeet until such time as the requirement for such insurance terminates in accordancr wieh .
<br /> .� : � , � . '
<br /> `-�-•-z'` � Borrower's and Leader's wri[ten agreement ar applirablr law. !�__ _�_ _
<br /> .�;';,f � ;
<br /> :y..�: . t � Any nmounts disbuned by Lender pursnant to tfiis paragraph 7. with intercst thrreun.at th� N��tr iate.shali hc�:ontc 4
<br /> , R : � additional indebtedn:ss of'Borrower secwed by this Dred uf Trust. Unless B��ttowr�aud Lender agree tu other temu uf f . .
<br /> � .. . , .
<br /> ��•. ' . payment. such amounts snall be paynble upon nutice from Lxndrr [u $urro�ver reyuesting payrient thrceuf. ti�,thin�, ,
<br /> l:'�� ' , ' conmined in this Qaragraph 7 sh311 reyuire L�nder m irnur any etprnsr ur takr:�ny a�tion hrrewider.
<br /> �`..�} , ' , S. [nspection. Lender nrey makr or causC a� hr madr rrs«,nahlr rntrir. uFxm and iit<pr.li�,nc of thr Pm�*rny. .
<br /> _�.n .. .. o,....,....,r n�in;� nn��r tn anv iBtih ID�pttili��0�{kti1�7i1°Ie350i13hIC G3U5C lltCt:t�tii K�Jft�[U
<br /> ' • .. - � . � - (+TOVSLICQ tttilt t..rtnico -+uan g'::� ..••.••-••'-•..... . � _ _._
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<br /> ,• i�, . Lender's iaserrst iu the Pt��perty.
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<br /> . -- . -� ,;��.,,,;,_s.t'na t ��x Original(Recorded) �opy(Hranch) Copy(Cust�mer) �
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