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<br /> �-` '£ <`° �'.� r.i�oYn r���x �r�x aoaoa� 01/08/1999 _.:.<< �F � .-
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<br /> � ; .; k i:. . UNIFORM COVENI#t�P15. Bormwer and I.endec coveuant and egzee as follows: - -
<br /> �� -< ,..�z_;�� .>.::.• i. ray�e of r�a�� �a �. Boriower sball promP�Y PaY when dur [he principal and wteresc
<br /> � iT ` t`.' ` indeb�evideaced isy tt�e Note and late charges as pmvided in the Note. y
<br /> � . �
<br /> �, �-`,. ��� Z.Finad�foF T�s and Insuranoe. Subjea w applicable la�v or a wriuen waiver by Leader.&�owar shaU pay to .9 ;_,<,, 4 _�_ _
<br /> _`_...t �. �F':L� ` '
<br /> . ` I.e�der on ihe daY�Y P�Y��f P��intecest are payabte tmder the Note.uut�the Note is paid in full.a .� E '
<br /> `;� - ` f.. �` � 4.
<br /> � ti z sum(h�ein �Funds')eqaai to oae-twelfth of the yearly taxes aud a�ents C��um attd p3u�aed�udt � �•� o,, _
<br /> �_ ' �.';r:;�;t` development as�ssm�s.if auy}wlucn may auain pi�urity►over dus Dced of Trast.a8d ground rents an the Pnoyietty.if � `,_�� : ..�-. .
<br /> � �; m�►allmentc foT h2zatd insoTance,Phu one-twetfth of ye�dY Piemiuiu iaStaUmeurs Q H '
<br /> R - = a�r.Plus one-tweifth of yea�dy pcemiam' t� • _
<br /> ' ` < "�� <_ i,,.�.,a„�. 1� ,,
<br /> ,, _ for mortgage any.all as reason�abty estimated imtially and from time to wme by �er on the basis of �
<br /> Y a�smsuLs and b�1s and teasoffible es�imates dieteof. Honowet sbtall uot be obtigated to u�ke such payeuCnta"of FuIIds � '"`co =
<br /> �F ,. . �_ _ �.��,�.` �. _ �- ..
<br /> , ��, ', to Lender to the eutent tbat Bormw�matces such payments to the hotder of a priar moitgage or deed of uust if su�h ftolder � '�. { a . .
<br /> ` '` �� s is an iasututio�l Ieader. - `�`
<br /> ��.. `4 ( �l �1'
<br /> .. .,.. If Bnmowet pays Funds w Lreuder.the Funds shall be held in an institution the deposits oraccaums of wLich are =<<
<br /> -� �z iasvred or gaaranteed DY a Federal or state agencS+tincludin&Lender if Lender is such aa insuauion). L,ender sha11 app]Y •� : •
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<br /> i `� r ."' ° dbe Funds w pay said taaes.a�.�P���S�cents.Ixnder may not cLarge for sa hnlding and ,�„ � -
<br /> ,� t aPPZ9mS the Funds. anatyzing said account ar verifying aud comgiiing said a�sments and M'lls. anIe� Ien�er PaYs k _:, `_
<br /> �� � : � Borrower and lendet may agcee '
<br /> ` Bomowei interest on the Punds and applic�Isle law permits I.eader ro matce sncb a eLarge. `
<br />�i.. . •�.:
<br />_---`;=�` - - - - in wriring at the time of execution of this Deed of T�t that interest on We Funds shali be paid w Boirower.and nnless ''�.�`.•���,.`;
<br /> :, ..
<br /> � r '�, � svch ag�eeoient is made or applicable taw eequi�s sach i�erest w be paid. Leader s6mi1 not be required to pay Bozrower . � :
<br />?�:�E. - . - '`� aay i�recest or eamings oa tLe Fan�s. Lender shaU give to Boaawer.withont cl�arge.an anm�al aoca�ununS of ths Fuads ':f �
<br /> �: . �_.-: for which�ach dsbit w t6e Fands was made. T d e F u n d s are • ��_.�:`
<br />� !: , •, shawing ccedits and debits to the Fwid&aud the paipose =
<br /> ; � � ��� ptedged as addifio�l secocity for the snms secared by tlus Deed of Tznst. n_
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<br />�t� c �. Qf the anmunt of the Fands held bY Leader.together with the�mou�hly insqliments of Fands payable priar m :� J ,;_�
<br /> �`?f-^' . � _ `°` the dne dates of taaes. asse��ents.[nsmauce piermuu�s and gmnn�d teu�. s L a ll ea c e e d t�h e a m o u n t r�e d t o D a Y s�d --- -� :
<br /> p 1�e�n w �.
<br /> �'a�'� •.it`�:'t � ��� � �1'�YaaaaYw��lY"�1�uF �� W��� �Y+��i�/Id/��W ODlaV�M•S OIJ�+�/�ry �.h�..�.
<br />`a�: _ ;:a:a:��• either pm�t1Y�aid w Bonower or�co Bocrower on mo�tsly installmentc of FmuEs. If tLe amoant of tLe Fauds ;����;.�~'��,�.:
<br />�t `,� . t ' held bq l�euder sball nnt be su�'icieat w gdy taxes.A�-�s+►rc-in�uance pmminms and gmand reau as diey fa11 dae. ' _ -
<br /> �—
<br /> -_-.�. � f.'. B o r s a w er�all p a y w Le�er any amoum ne�sary to malce up the defecieacy in one or mnze payments as I.eadec may _� '� _
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<br /> ` � '� :,` �n tsaYment in fuU of all��63►thi.s Deed of Ttast.l.euder shall psomptly refimd to Borrower azry Fands
<br /> , . . ., held by I.+eu�er.If tmder�17 hec�f the Property is sotd or the Property is at6etwise acqaired b3►Lender.I�endcr ��;
<br /> � � - .- a s�atl apply, no later than imme�atelY�rior w the sate of the Pmnecty ar its acquisition by Leuder.anY Fnads held by �,•�-
<br /> ' � Ixader at the dme of application as a czedit againvc the sams secured by tlns Deed of Tinst. � � � ,
<br /> received by I.ender�uder the `j
<br /> �. �� � .. 3.Apptt�tton of Fayweafs. Unless applicabte law pmvides othenvise.a11 PaYments r . ,:�;:<�:�:.
<br /> '� ,�-;, ::.
<br /> ��'' r�=-�'��_ Nou and p�P�1 and 2 IIe�eof s6a11 be applied by Leader 5rst in paymeut of amounss paYable w Lender by Borrower _
<br /> ��,:�: - ' . , m�der pacag�ap6 2 heteuf.then to intecest payable on dce Note.and then w the piiacipal of the Note. . -.
<br /> �_�.., . .;: . 4. P t I o r M o rt g,a g c s a n d D�of Trustt ��R�Uetis. Borrower shaU perform a}1 of Bouuwer's obligatiaas ��,"�
<br /> �" ;i� • under aay mnrtgage. dced af aast or ather secuoty agreement with a lien wtich has pnority oves t�is Doed af Tcast. , ,`
<br /> :<��.. ; . ,.,' whe�due. Borrawer shall gay or cause to be paid all t�ces.as.se�m�n� . ., �
<br /> �n: ,� inctuding Bvnawer's coveffanis to make paymems �,•...:•
<br /> whi�h ma attain a riori over this Deed of Tmst, �`�
<br /> �,.�;. � . - and other cdarges.fiaes ausl impos3dans amn'butable to the Propeny Y P �Y .,;:`
<br /> " • and Ieasehold payntents or ground rats.if a�r• _
<br /> ,c'� - . 5.Haard t�nraae� 8orrower.shall keep�he improvemenis nflw exis�ing or hereafter erected on the propertY -
<br /> '� � � ia�vred against ta�by fue.bazdcds iactaded within the ceim'extended coverage'.aud suc6 other ha�ds as Lender may :r _
<br /> � : •r�� .: , . requiie and ih such a�ttounis and for such peziods as Ixnder a�ay reqmre• _ ,.. rs:
<br /> : r::: :. P S ai Lender:pmv�ded. -
<br />..�f'p��,� �-' . - '17te inmtaucs c�nier mvi�m the iaswauce s6all be cttosen by Hoirower sablect to apDmv bF , • _
<br /> �,f
<br /> �""::� � ' � tLae sacL a�p p m v a l shal! aot be u�sonabiy withheld. Ali insurance Patiaes and tenev�als thereof shaU be in a form
<br /> :�' ; � � acceptaDte to leader and sha11 inclnde a standard mmtSage ctause in favor of and in a fo�m acceptabte to Leoder. 1,cadet -
<br /> ` , ` s6all bave ttt�right to hold the poticies aad renec�rels iheceof.suDlect to the terms of any awngage.deed of uast or oWer '., .
<br /> �'�•.�;� , rl meat�rith a 6en afiich ims priariry aver tliis Deed of Trusi.
<br /> �ry agrce .. ..,,'..:
<br /> �z r.� ' .. •. .`: ln the evem of Ioss.Borrower s6alt give prompt notice ta the iacu�ance carrier aud Lender.Lender m�i make Pmof
<br />..��,;' . � o f l a s s if not miade Pro m Q t l Y bY Borrawer. , .,.,
<br /> �`,�'�:. .:. if the PcaQeny is abandoned by Borrawer.or if Botruwer f a i f s to respo n d to L.t n der w i t L i n 3 0 d a y s fr v m t h e d a t e ' :
<br /> .�`;';i 5 � � nodce�s mailed by Lender co Brnrower c�at che iasvraace carrier ofPers co seale a claim for iasuiance bene8ts, lender is .
<br /> ��°��� � awhorired to collect and appiy the iasuraace Proceeds at Lendei s opaon either ro restomtion or repair of the PmpertY 4= .. .
<br /> �' < • .. to thr sutns sec�ued bY this Ueed of Tnut. .."' - ,
<br /> ;�'�.�` ` • , ' 6. Peeseiwat�an aad Mainienance of Ytope�i7: l.ease�oids: Condominiums: P�anned Unit tDeveio�eat9. . .
<br /> S Yfi'
<br /> ''`�`�'. Borrower sball keep the Properry in g�od npa�r aad shall not commit waste or permit impaimaent or detesioration of the
<br /> _i.. s• .
<br /> '' � � Prupeny and shall comP1Y wi[h Ne p����sians af any lra�e if ttus Dted of Trust is on a leasehold. If this Deed of Tnist is
<br /> s'
<br /> .;:. � . � • on a tuut in a wtviomiuiwn or a planned unit develupmen�.Barruwrr+hall perform all of Borrowrr'�abligatiu�under thr . ..
<br /> _1..; • . . . _
<br /> -..'..��. . declantion or covenants creating ur gmreming the coaduminium or plan�ed unit develapnient.the by-iaws ansl regulatioas .
<br />-c,:"�.: , of the coadominium oT ptannt�i uni�deve2opment.and connituent d�xuntents. .
<br /> • 7, Pboleetion of l.ender's SseiuitY- If Bonower fails to pedorm the cuvenants sIId agreements contaiaed in t�tis
<br /> �.��:•-:'.,. . De�of Truss.or if any acdon cn pra.�eeding is commem:ed w6ich macerially affeccs Lemier's inteiest in the P�openY•then . , ,
<br /> ' ' (xnder. at Leadei s opuon. u�on aodce to Borrowec. may make such appeuances, dubu� �b �. �I��
<br /> , . • , ,� reasonable attorueys' fees. aw1 eake s�uch acaon a� is necessary tu protect Lender's interrst. lf Lender required mortgage .
<br /> : � . , ; intiurans,e as a wnditivn of making the Ivan ss�un�i hy thiti Deed e,t Trwt. Bunuwer shall pay the premiums teq►rired to .
<br /> :•:,,.,,.� . ; maintain such inwrarne in effea:e unti) �uch rimr a� efie rryuirement f�r such i�-wrancr trrminates in accordance with
<br /> '� � Burcuwer's arni lxndrt s written agree�uem ur applicable l�w. i .
<br /> . . ,�� ' :• I pny am�mntc disbutsed by Lendet pursuant tv thi�p'ata$(apt� 7, with intrrrst thr[e��n.ac thr�iut.rate.shall becumr � . . ��_ . .
<br /> � I adciitivm! indebte�inras��f&�rrowrr �-urcYt by thi� Qred uf Tru,t. l;�ilea�Bortowrr aud l.znder agrer eu nther temu i�f
<br /> ' ' Pay�uent, ��uh amuuna sh�il hr payabie apon nnti�e frum l.ender t�t &�rn�wer nyue�ting payment tArrec�f. Nuthing [
<br /> cuntained in thi�paragraph 7�11 reyuire :xnd;r�o irn�r any rxpeiur�,r cakr any a�dan hereunder. _'
<br /> 8. Inspeetio�e. Lentier may makr ur cau.r ti� t�r nndr rea.���blr encnes u�wn aiui iaspecdu� uf�he ProQrrtY• ,
<br /> � , . pruvidcd tt�at L.n1ier shal)gi�r Horn,µer noti�r prior n�any suc6 itupec[iun+pe�ifyin�rr�au�nablc cai�se[heref�•r related t�� ... .
<br /> � ' L�rtder. interert in the Pm�erty. .
<br /> + ,
<br /> .'A' F��=e- '�� �
<br /> ;'�., �.� � ����:�.A�2nb'r i � �K Original(Recosdedl Copy t�3ranch) Copy l Cuatoae:> �
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