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<br /> • +508 t1.�RBJCI 102327 01l29/1999
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<br /> � UNIFOYtM CovEN�7'S. BorPO�ver aad Lensler covenant uad agree as folio�vs: '
<br /> � 1. �aymga! u4 Y�d�aD a�d Li2�st. �omu�vzr sh311 prompdy pay ��hea due the pria�ip�l 2sud interest .
<br /> . � iudebted�zss evide�seil by thP Nate acd 12te ci�rges as provided in the Note. `
<br /> t.Fiulsb�ar Taxes and Y�suzaace. Subj:et to applicable 1Bw or a rrritten�waivet by Lender. Borro�ver sh�ll pay co � ,
<br /> � lxr�sier on the day cnanstily payaients of pr3nsipal and interest are paya�le�nster the No2e.until the Nase is gald in full.a � �•
<br /> • � svm fherein`Fun�s')e9ua1 to one-tvreifth of the yearty ta�es and ass�ssmenis(ittelading conffosuitrium sud planned nnic �
<br /> ! develop�nt assessm�nrs, if any)wbich may attain priority nver ttus Ds�d of Tn�st,aa�grouud ree�ts aa ttt�Prage�y.�f �
<br /> . aay,plus o�-h.�z1Rh of yearly premium ianalla�nts fnr ha��d insvramce.Qlus ous-twelfth of yearly premium installmeau �
<br /> ' � for �nrtgage ia44waasse. if any, all as reasanably estimated init�ally aIId from daie n� dtur by Lrnder on � basis of
<br /> a
<br /> ,,- asses�nAt�ts agd bills and teasonable estimates theteof. Borrv�.�er�Il aot he oblagated to m�ke such pay�nt�of Fu�ds
<br /> y to i�to th�rxse-m tb�t Bonower Qta3ces susd payn�nts co the holder of a prior�ortgage or deed of uust if sush holder `;T r•_
<br /> � � � is an inssiturion3l lens�er. `
<br /> � If Bo�Ker�ys Funds m Leuder. th:Fw!ds s�all be held in an insuturion the d�posits or accovnts of whis6 aze ';,tt_y?:
<br /> : itrsured or guaaaaie:s!by a Federat t►t s*.�e agegcy Cu�cluding LeaQer if Lender is sush ua�tuuan). LeB+der shsll�Iy ,°.`
<br /> . the Fuads m pay$sid m�ces.as�r��ments.in�uaa�e Piemiums and gro�d rents.I.eader may uat c.harge for sfl ha2slia3 and! i�:=
<br /> •� applyiag the Funflz. aaaly8� s8id 2xaunt oi vetifyitt$aud eo�'liu,�sa[d�.,�,..•,ntc aIId b�ls. unlQSS Ixuder PaYs �:,,:
<br />- � • Barnawet imerest on th�Ftinds aud agp'.�'sabL°!aw permits Leader to us32c.sUSh a charge.Borrourer aIId I.evdsr�say agroe ; �
<br /> in writing at ths dm:of e�c�wian uf ttus Ueecl of Tn�st tmat i�t on the Funds s6a11 be paid to Bor�w2r,aar�tll tmtess �`�-�-
<br /> 4!�""
<br /> , such agnemeni is m2de or applicab3e!aw cequises s�u6 iaterese co be paid.l.ender shall IIot b2 required to pay B�mower �;�::«_
<br /> . - any intezess or eamings an the Fur:�s. I.e�der shaU give[o Bomnwer.without charge.an annual axountin8 of ttt:Fu�s ��_;_
<br /> � • shnwing cr�its a�debits to e�e Fuads and the puipose for whic6 eac6 debit to the Fun�s vvas made.T�e Funds are �`<;=_
<br />- , ` � piedged as addidonai sesuaty for tl�:sums sectu�ed by this Dsed of Tnus. �_��
<br /> � . ;. If the amaum of the Fuuds held by Lender.wgether with the futuce momhly install�of Funds gaYable prioi to �_-
<br /> � ` f the dae da�es af ta�es. ass�ssmQnrs. insuiaIICe pr€�miums and ground rents.sball exc�eed the a�nt Ycquired to psY said —_-
<br />- '. ... '�r'! . taxes. a�ents. 'umrauce p�remi��g�orrower on�monthly�iastalIIments af uud�. IP tlie �a��s of•th2 F�im�s — -
<br /> �-:�` �z either paampuy�pai�i —�
<br /> ' held by Lender st��t be svff«ent co pay caxes. ass�uis.��„�ns:premiums and grovn�d�as they €all du�. �_.,.
<br />- '�� Bo�wer shall p3y co Ixnder anp amount n�sazy to m�ake up the defidency in one or nmte pay�menss as Lendzr may -_-
<br /> require• _--_:
<br />- � `, UPon PaYa�nt in full of all sums secured by this Deed of Tmst.Leader shall pmmgilY re�und w Bor�owet any F u n d s �_
<br /> �y: t�eld by Lender.If under garagraph 17 heieof the Pcopeny is sold or the Propeity�S othenvise acquiced by Lender.l.ender
<br /> �''• ' shall apply. no 1�3er thaa imn�eediaaaely prior oo the sale o f t h e P r openY or its acqiusi d�n b y L e II d e r.a a Y F a n�s h�t d b y -
<br /> � . i��' ' Lemd�e at the timy of applicaaion a.s a credit agaiast the suurs secumd by tlus Deed of Teasa.
<br /> •. 't�;�;�;:;,. �
<br /> �'r�i;r���� �.` �.Applieatlon of Pr�ym�t*'.�. Unless applicable law�St���des oiherwise.alD gay��cecetved by I�eudee undee thz
<br /> �,�i�3f�:.'��`' � ' Noie and paiu�uphs 1 anfl 2 heraof shall be applied by Les�first ia payatent of a�a�1»�yable w Ixndee by Borm�ver
<br /> ;, -: .
<br />- " u�der pamgm�h Z fs�rof.th:n to int�ress gayahle on the Note,aud thea+n t�arincipa�c�r�e Note.
<br />- • �� 4. &'�{ost F�;�t�s and ID�etl3 flP Trt�st;Charges, Id�s. Boitu�.�: shall pe�form aU of Bomnwet's obli�rimL
<br /> � unde=a,�y motig:b2��eed of Erust or oiher securiry agree�.°at with a lien which has priority over this Deed of Tr.�:.a�
<br /> �.;{,r`.:% �• iniudiag Borto�'er's covenants to make paymeats when di:r_Borrower shall pay or cause to Ise paid all ta�es.a��'�-c
<br /> . ;�;�,-' �[i
<br /> :�i: �, and o�her charges. f�s aa�impositions attriToulable to the PmpertY which may auain a prioriry over this Deed of Ttust.
<br /> � ��`�•, :� and leasehold pa7�ents or grouIId r�nts.if any.
<br /> �4�., 5. Ha�rrd T,�x�ua�e. �o�ower shaL L:�p the impmvements now e�cissias or hereaRer erected on thr PropenY
<br /> ;':y{r�,.: in.sured against Ia-:s Uy fin.hazards iacluded w:�hin the term"exc�nd�coverage".�d saeh other ha�ards as Lendex may
<br /> ' . ���%;•'�� �quiie and in svch amoums and for such periods as Lend��y requite-
<br /> i : �� 'D'[:�inrutance c�ier praviding the insaraIICe shall�c:.osen by Boaower subjee'.us•appnoval by Ix�er; pmvided.
<br /> ., � that such apgaov7l shail not be unreaso�ably wi�:..�eid. All insurance Polisies and ra�waLs thereaf shall be in a farm
<br /> • accepiable eo L�tsr,iic�a�shall include a stan�:ri�ortgage ciauss in favar Q�and in a foim accepiable to I.effier. Leader
<br /> , ' sbaU;:tie ch$ri�it to hflld the palicies and renewals the:3�i;.snbject to the tQmLS of tuc�mortgage.deed of t�ust or oth:�r _ `
<br /> =�`' ,.` secutity ag�tni with a lien wlnch has priority over this 13�xx3 of Tnut.
<br /> � In t��vent of toss.Bormwer shall give pmnzpt ao�ice tn the inc�ra„�carrier�ci:"L_�nder. Lender may m�ice�r�f
<br /> _ - � of loss if nat m�d:,promptly by Borrower. —
<br /> -- �� •= �":; If the PmpPrty is a6andoned by Borrower,or if Borrower fails to respond to L�t.^'er wittrin 30 days from t�das�
<br />- �. , nouce is m3ilad by lxnder to�orrower that i:ie tnsuranse r�rier offers to settle a c1:.iP!*for iasurance be�fit�. l.e�-..�er is �--
<br /> 'f"��;�,, � authotired to cflllect and apFly d»insurance proceeds ai Lt.rnder's option�ither w r�u�r,sion or repair of thE Fr�,z�xrr'�or
<br /> ��1.J,f�:4� .;t
<br /> .�y;,::•, s:. to thE sv�secwefl by this t2��i��f Trust. �
<br /> � 6. PreservntEea aad Matn4enanoe o� Property, I.easehalds, Candomic3ucn� Pfaaned Unit Devetopm�ads.
<br /> Barrovrer shmll t� �Le Praperty in good repair aa�s1�a11 mt commi�v�-�a:tsemiit impaiimens or deterimasioa of th�
<br /> &� p�y�su 11 c�ymply with the provisious of atty lea�if tltis Deed���:ust is on a leasehald.If tWs Dee�of Tn�st is ---
<br /> �` on a u��ia a condnminium or a planaed uuit developmen�I&�rnawer shall�erform a:?vf Borro�ver's obligarioas�a thE
<br /> S' �`� --
<br /> ' dec(at-�o�or cavenaats creating or gwerning the coados.inium or planned unit devel,�Tmss.nt.the by-lacvs aIId re�:Ja�eou3
<br /> of the cor.�rJii�ar planned unit development,and con�tituent doceiments. _ "
<br /> 7. PraBcxilr,�r�f D.eicdec•s Soc�uity. IE�3s�nnives frifs to perfmm tlie covera��I a;�conia�ned in this ��:-:
<br /> � Qeed of Tru�t.us iff auy asdon or proseediu;�is oo�nce�t whi�h materially affects I�r.:�a's i�ia the Property.th.�n
<br /> � tiisbuise such su�, inclu� �'�="
<br /> � � ixn�ne, a: E�nr.'z^a's aption. �n no�icg to BoTrower. may make sacv agpeaiacc.�.. �s �._
<br /> r�ar�I:�ara°.ys' fees.aad�e such action as is necxssary�o pmte�x Len�'s tnt��sst. If Leu�er ce�quir��np�o� :���
<br /> • insuranse as a cnndit�on of m�►king th�laan secured by this Beed of Ttust. Borrower shaU pay th�p�emiva�+re�e�tfl
<br /> � mainrain sucb i�.�jurdnce in effect until such 6u�e as the re4uireu�nt for such iasurance terminates in accflrd.aIICe wi¢h
<br /> � � � Barrowei's an0 Ixn�er's writteu agreement ar applicabte tacv.
<br /> � Any amnnnss di�bursed by Lender pursuant co this paragcaph�.witb intenest thereon.at the No2e iate.shaU bec�m.
<br /> - � ; addifional indebt�n�ss of Barrow�r secured by this Dee�of Tzu..�. Unless Borrower and 1.eader agree to o�r te�of .
<br /> • j PaY�n�. s� ammmts shall be payable npon a�otice fmm Len�� to Borrowet rea;uesting paymeni t�eredf. AloihiRg .
<br /> � � contained in tbls patagraph 7 sball re4uire Lender to incur any eapente or take any action hereu�tQr.
<br /> � . g, lr�sp�dten, I,�r�Qr m�y make or cause to be made reasflnable entries upon and inspecCOffi of the Propertp.
<br /> • ,� . I pmvided thaa l.en�°..�r shall give Borrower notice prior to any sucri inSpecdon specifylag reasaffable cause th�refor reL�ted t�
<br /> . � ixn2�r's i�terest in th:Prop�°rty .
<br /> - - - .� o Dsaneta Co (CuBteses) Pa,;..2uf3 .
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<br /> �� �aenr.,�nz�a7ea �rsa orig�n�l(Amcosfle�) � BYt ) Pb'�
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