|
.. J .
<br /> . ' ` � .. ' _ . �' - .. , . F: � '+Y�'✓.� .
<br /> � � w� : .. . � ... . "",.. ... . . . _ _.
<br /> ' ". . "_-�..."_�__"`_'_'" ' .__ . . . . 1
<br /> � � �d' �����` 102319 O3/27/1999 �: � ` ``
<br /> , SPiAWN FY2Y JSI�II�II� FRY '
<br /> ' . ' � UNLFOIItM CovEMANTS. Bairower aa�Lender covenant aad agtee as foIl�ws: � • .
<br /> 1. Payrtc�i of Ptiasipal artd fniea�i. Borrovrer s6a11 ptomptly pay v�hrn due the princip3l aa� interest
<br /> irdehtedness evidenced by the Nate an.�late charges as provided in the Note.
<br /> Z.Fuati�Qor Taxes and Y¢�raare• Subjeet to appGcable law or a�vriuen waiver by Leuder,Bonower shaq pay to
<br /> � • . lettder on ttne day cnnathly paytnents of priacipal and interest are payable uader the Note.unri!tlte Note is paid in full.a � .
<br /> ; sum(herein "Fuads')e9ual to ane-twelft6 of the yra�rly taxes aud a�ats(iacluding condominium and planned unit ,
<br /> , ' i devetopment assessments.if any)which°�ay attai�priariry over chis Deed of Tmst. and gmurtd rents on the Property. if
<br /> � � � aay.Plus oae-t�lfth of yearly premium install�:nts for hazard ins�uauce.plus one-twelfth of yearly pnmiutn aattallments
<br /> � � i`or mflrtgage inssuaace. if any. all as�flnably�ated initially aad from riu¢e to da� by Lender on the f'�of
<br /> .. � � .
<br /> ass�ssments aad bills aad masonabie esdmates thereof. nts�tue hoslde oft prio�sr��tga$e or de�e m.ss`'�i�sb hfllder
<br /> --- . - � to Leuder to she exsent tt�at Borro�ver makes sucu paYc�e _` :
<br /> is an institutianal tzrder. -. �
<br /> � I f Borro w e r p a y s F n a d s m L e a d e r,t h e F u u d s s h a l l 1�h e l d i n a n iw-situtioa che d e p o s its or accnu�s of v�6i�ch are
<br /> � - i�ured or guaranteeil by a Fodeial or state age�sy(including l.ender if Ix�er is sush an insatution).Lender shal��1y ,.•�'3-
<br /> .. . . .' th�Fwnds cfl pay said taxes.asses�uts.iasuraase pmmiums agsl grouad neau. I.em�.�r may aot charge�r so�a�3 a�d �;:iT�
<br /> I applying th�Fw¢�s, analyring said ascouut or verifyi�a�comp�ing said as�ssments aud bil1s.unPess I�endec py� ��'r.
<br /> Hnaower interest on the Funds an�a�plisable]aw permits Leuder to�s¢cta a cbarge.Eorrower aad Ler,der say agr�e 1�
<br /> . in writipg at the time of execudon af this Deed of Tru..n tbat interest on the Funds sball be paid to Bomower.and:�Less -=-��
<br /> such a�eexnEnt is tuad�or applicable!aw requi�es sush i�es-t to 6e paid. Leuder shall�t be required m pay E;:��uy�cr �".,�.;::
<br /> ' • • any inre�est ar earuings on the Fuads. Ixuder sl�all give co 8orrower.withflut charge.an annual asca�of�.e F-�ds =�_----
<br /> . _ _ - showing ese�as anci dc�ics to the Fw�ds aud ttLe pucpose far wluth euh debit to the Furais was sr�►e.7'hx Fu:ds r� �`
<br /> . �. Pledged as a�?��nal s�cuaity for the sv�secured by this Deed of Tru.st. —__
<br /> . I If tt�e a�uunt of the Fuuds held by l�er.toge�r with t�e futuie�ntbiy i�,.nallmEnrs of�unds p3Y�hhlg�9c�cc� _
<br /> the due dates og fa�ces.assesmzents. insuiance Pmmiums acd grouad ienrs.shall eps�l the amrount require�to�9� --
<br /> � �� taxes. a —.�-.�"�. in�„a„� premiums aad groun� reuss ac they faL1 due. sucb exce�sball he, at Bormw-er's o�2c�. _ -- .
<br /> ---.._— n to Botrotrer or credi2ed w Ba�rower oa mor�Iy ractalltx�nts of Fuuds. If dr�amuunt of tte Fr�ds �..:-
<br /> ° either pm��, ��d _
<br /> ,� � held by L.e�w�all not be s�f6iciexu ro Fay taxes. assessments. ' �•r° premivan at�!�o�i.cents as dzey faL'���u:. ��
<br /> �•�.� Eauower shall pay w LendEr any amnvnt ne�saN w�ke up the de8cieacy in one or moie paymeats as Lerd�r�a5� �___.
<br /> . a..
<br /> � �re' �i refund to BouoweY any'�'.��ds --
<br /> U�on pa�ent in fuU of all suuis secinred by diis Dced of Tms[.Lender sball O�omp Y
<br /> - - � { izeld by Lcr�_ If susder p�rnagr2ph 17 heieof the P�aAenY is sold ar th.Pmpeny is otheiwise acquired by Lendsr.I�►��cr —_-
<br /> ra ,
<br /> shall apply.c� [atet t6an immediately prior to the sale of the Property or its acqui�don by Lea4�,anY Fur�irel�b7 __
<br /> ' • :; Lender at the ti�of applicarion as a cn�t against t�e sums secured by this Dced of Tcu..n. �ived b ]xnder ur�r e�:
<br /> . , . � 3.Aq�pL'eatfon of P�ym�nts. Unless applicable law provides ott� '� ta11��a�ble m Ixader by Bbsrocrec
<br /> . t Noie and�ar;_�.'hs 1 attd 2 hereof shall he ap�lied by Leuder first in Pal+me
<br /> � + undea par�:is�h�reof.then m inieress�ayable on[he Note.aad then co thz pnincip�l of the Note.
<br /> ' � %.>� 4. Pafcc T�.G�rtgaBPS and I)eeds of'II'r�st:C6ar8cs;Ue�. Bern�wer shaU pecforni all of Borcmwer's ob3ip�a� -
<br /> �' ` i;,^�;.°I aity moatgage. deed of m�st or ath�r security agt�ment with �1a.an wluch LaS Pnor►tY over this D�ed of Tnut, Y--
<br /> �. d ;.�-.i�=diag Bomower's cavenams to make payments when due.Borrowe:sjali pay czr cause to be paid all taae.s.as�'c�
<br /> and othsr charges.fi�es and imposidons anribntable co the Praperty 6�-h�aY��in a Priority over[his DP.ed of Trust,
<br /> � . �: and leasehold paymenu or�touad rents,if any.
<br /> � 5. Ha�d Insurance. Bamnwer shall gceep the improvemencs ��:°.: rM.isting or he�after e�ected on the Paogecty
<br /> � � i�ued aSaiast lo�.s by fire.harards included within the tem►"extea�i:-._�•�a�.�:". an�such otheY harards as Lend�a sraj
<br /> . ,,:. tequire and in such a�un�s and for such periods as Lender may reqnire. --_
<br /> • ,.-.. .
<br /> ?:„'� • �;,,�+,•a•,�canier providing the insurance shall be ct�osen by Fcr_-:�er��sJect w approval by Lemder:Pr�v;�'c
<br /> ' tbat such ��;�;,:J sLall not be unreawnably wiihheld. Ali in�,*�,+���+�licies aud re�wals thereof sh�ll be ia a ft�nz
<br /> all
<br /> . � a�xeptabl�t�L�sder and shall include a��andard mongage clause in f�,��s of and in a form scceptable to Iesder. LP�r
<br /> �.i'1 have the rigiit to hotd the policies�renewals thereof.subject co thQ terms of atry mnrtga8e.deed of uw^t oT°e�:r'
<br /> � �ity agreement with a lien wUich ha5 priority over this Deed of Tius� —
<br />-,.#_ . In the event of loss.Banower shall give prompt norice to thc la�uance carrtei a�1.en�er• Le��Y��'�
<br /> of loss if nat made promptlY by Barmwea_
<br /> � . � If the PrupertY is abandoned hy BaLZVwer,or if Borrower tails to respo�d to Lender within 3D days fram t�dat,t
<br /> • aofice is mailed by LendEr to Borrowzr¢bat t�e insutance carrter offers to settle a claim for ins�urance benefits.I�n�r is
<br /> ' ' au�Oriaed to solloct and a�r�ty the ius�uance pmceeds at 1.ender's option eith:r to rGStorndon or repair of t�e L�ea�grty�
<br /> r� W ttte sums secuted by this gc�of Ttus3. ---
<br /> 6. P�vaflon an� '��aint� of Froperty: Leasete�l�s: Cdnd�fninms: Plan¢trtl IJni3 De�dri�.t�,t. ---
<br /> * • Botrower stralt Lcep ihe Pmperty in goa�i r:pair and�LLall not commir.�xaste or permit imp�it�zc:or deuriora�fla o�rLu �.,_
<br /> property aud s�all comp9y urith thr provi::inys of any lease if tUis IIe�of Trust is on a Ie�asehQLi.if this D�d of Tn�t is �F�,�
<br /> � ' ' on a unis in a condominium��:a p12.���t development,Borrower shall perform all of Borrou�er s obligatic3s u�r st�: ,�
<br /> the ca�r�r-.inium or p l a n re d u n it deve l o p m e n t,t h e b y-l a w s a n r 3 e���r,u ��',�.
<br /> decluation or covenanrs cc�av.�8 or�overning �t�`-
<br /> . of th:candominium or pl�nned unit deve��m�ent.an;,+��r�rituent documents. �;,:
<br /> �
<br /> ' � � ' 7. Ptai�sti�n of L�dfr's�esur[t;l. If Borrower fails to perform th:cove�ais ansl a��n:�ts oo�ed in i�,ia �
<br /> . es
<br /> , . ` Deed of'd'n�st.or if any action or proce�n8 is oommenced which materially affee�I.fIIder's im,�e:�in the Pro�ern.�rst� �L:
<br /> Lender. at I.ender's option. upon aatice to Borrower. may make such apg�es. disburse s�cL s�s. iscZ� ;:
<br /> re�sonable attomeys' fees.aud take such ucuon as is necessary to protect Le�ee's iutere�.If Iander required r�n�
<br /> iazuraace as a coudidon of m3king th.loaa secured by tivs DEed of Tnist.Borco�tixr shall pay the premiu�ceq'u=Fd:G
<br /> maimain sach i�surance ln effect until such dme as the require�nt for susb i�uta�e tetminates in accoTdacce L��+,�.
<br /> � Bonower's and Lender's written a�eement or appfisable law. ,
<br /> . . � Angr amounts disbursed by Leffier pv�suant to tLis paragraPh 7.with interest thQreon.at the Note rate.s�al�hr,co�o
<br /> � aQdidoual indEbtedness of Borrower sesured by this Deed af Tcust. Unless Bmra�ti�er and Ler�er agree to o^ier�r�ng
<br /> � ess eqa�tin8 P nt t�eieog. Nea'*.i.:.�
<br /> - j paymen�, sucb amounts shall be pa}ratsle upon r�tice from Lender to Bono�vea r ay�
<br /> ! contain�d in tliis par�'aDb 7�hall re9uire Lender to irtcur a�r7t expense or take any acdon hEreunder•
<br /> ! S. laspeet[an. LendPr cnay make or cause to be n�z ceasonable enrries upon an� in4pectioas of t�e Pfr�petry. .
<br /> — . ' provide�t�at Le�der shall give Borrow�er nouce prior to any such iaspecaion specifying rqsonable causs t�emfC're�ased co
<br /> ' . � Le�der's in�erest in th�Pra�enY-
<br /> �{ � � . � ss�e-o trva Oaiaqiaal(ffteeosde8) Cogy(Sraaah) Copy(Cuotoaes) Pc�2al5
<br /> � ncoras&n i .
<br /> _ ,
<br /> � 1 — -
<br />
|