|
;:r�.v:, :��.t F,� . � . . .
<br /> ' , ...,_.�_ .
<br /> � � - -� -- - � .
<br /> ....�. 1.n1'J!�'_-. . . .
<br /> �__-- --__..__..�._. _.__. .. .. �0�.�4'r � .
<br /> ... ._ . . _.<.'� • - ��� sA� 4, �ii��IS�i�2�ti --,-.
<br /> a
<br /> F Barro��er oovenants that Boaow�r is lavA'ully seis�sl of the estate here�y conveyed and has ttce right to�rant and concey the
<br /> ' � pmgerty+,aad that the Prapecty�s unsncun►bered.except for encumbrances of record Borrm��er oavenanu that Bano�L�er�vairants .
<br /> ' . ' ` and will defand geaerally the ti�le to the Prop�rty+against all claims aud demands>subjcxt to encumbranoes of eecord.
<br /> . LMIFOItM COVEA1ANf5.Borro��er and Lender cm�enanl and agrec ndueQ princigai and iaterest indebtedness cwidenoed .
<br /> '. l.PaynaentotPriasipal and Intere�Y.Bona�r�er shaU pramptlY Pay
<br /> s by the Note aad late charges as pio�+i8ed in the Nnte. ._
<br /> 2.Ftmds for'['u�e�and Insrara�r.e.Sub}ect to applicable law or a�vritten vsai��er bY Lender•Borrou�er shall�ay to Lendez on ,
<br /> ` th�aay monthty paymen4sofprincipal and interest are payable underthe Note,until the Note i�paid in fuU,a sum(hereu►"Funds��) E •
<br /> _ --_-_:" � alualtoone-rir•elfthofihsy�eaziytaxesandassessmenu(includingcondomir,iumandplanri�unitdevelopmentassessments,ifany) - --
<br /> ^•.•� ! wtuch may aitain priority over this Oeed of Tn�st,and gmund rents on the Prog�y,if ai►Y.Pius aae-m�elflh of yearly premium
<br /> ' �� � •�1 installmsnts for da7ard insvrance>Plus one�m�elfih ofyearly premium instaltmeuts for morigage inssuanse,if anY.all as reasoaably .
<br /> . .� . . �ted initiaUy and from time to time lsy Leader en the basis ofass�nts and bills and reasonable e.siimates�t�holder of ���'°
<br /> � � shall uot be ubli�atedto ma.tie such payments ofFunds to Lender to tha extent tbat Boaower makes suct�paYm- �1 '��;.'
<br /> a prior mortgage or deed of uust if such holder is an insritutionallender. , �`"
<br /> ;;_�`:
<br /> ' ' ' If Bormwer pays Funds to Lea�leT,t�e Fu�ds shall be held in an inssiwrion the�epesits or aocavnts of wtrich are insuied or . •r_
<br /> ` guaianteed by a federal or state ageac.y(includ►ng l.ender if Leizder is such an inssitution).I.en,d�shall aPPly the Funds to pay�aid ;.�_�_
<br /> •� " t�es,as�sments,insuranoePremiwnsandgraimd:ents.L.endermayaotchargeforsoholdingandagPiyiagtheFunds,anatydn� -
<br /> 8r m =�:�:.
<br /> " . �; saidaooaiuitorveiifyin�andoompilingsaidassess�aentsandW7ls,ualessLende�paysBoiromrinterestontheFundsantlapplicable ,i--
<br /> . law gennits Leader w a�ke sucha charge.Bormn�eraad Lender may agcee in vur►lin�at thetimeof�ccecution ufthis Deedof Trusi ,;;-�_-
<br /> . ;W;�x_
<br /> " that int�on ths Fuads shall be paid to Borro��er,aad unless such ag�ement is made or agplicable taw�equi�es such inter�st W �-..,_t__
<br /> � to Boiro�r any interest or earaings on the Funds.I.ender shall give to Honoa�er,wiiho� `;�:i=-
<br /> begaid,Ls-ridershallaoiberapr.ice� FaY � -_.:
<br /> � � c6ar�e,aaannnalaocountingaftheFc�ndsshoc�ing6caditsaaddebitstosheFnndsan�fthepn�usefoswbicheachdebittotheFuads :.__
<br /> � ' .i vras m«�e.'fhe Funds aie pledged as additional�ecniis-r for ths svms securad IsY dsis Deed of Tmst. �_�:
<br /> `-`'� I�t�eamuuntoftheFandsheldtryIxnQer,togesSrtzcviWthefitturemonihlyis�f�»:�► isafFundspayableprcartothedu�a�tes � °.��f
<br /> ._ ..._..__. i i of Yam�.�ments,insuraax Plemi�and gromnd rents,�l exceed the z_,.^ouat r��to pay said taxe5,a���c �ss__
<br /> emi sai
<br /> " .� in�i�an��emiwnsaudgrouadrents�ti�eyfalidue,s�chexoess�'Jbe,atBorroRer'sep�ou,o�iierpromP�Y�Paidto�arraw�r �.:_�--_
<br /> F `-__
<br /> ? or credited to BarmR�er on monUily ia�stallmenLS of Funds.If the a�aunt af the Fwads held tsy�r shaU not be suScient t�gay ,s.�� _.
<br /> ��'# �u:�:=
<br /> �. � . .. ;., taxes,asses�ueaYS.iusuiance pnemi�ams and gmund renu as thc.y fall due,Bonmver shaU pay to I.ender an3+amuant neaessary tu �,;�`__�
<br /> .. � � � utake up the deficienry in one or mare payments as Leader maY r�uire• ._.,--
<br /> .• , r IIpon paymeni in full af all sutas se�ued bY this Deed of Tcc,�;i..ender sball pmmptiy nefimd to Hoirower any Fun�s t�eld by ----
<br /> . �.. Ia�der.�f'nader Pa*dSTaPh 17 hert�ths Pmper►Y is sold or the Pcoperiy is otheiwise aoquued bY Lender,Lender shall ap�Iy,ao
<br /> la�rtbanimmediatelygriarwthesa!ecfthcPropertyaritsatquisitionbyLender,anyFun�shetdhyI.enderalthetimeofapplit,�ion —
<br /> . � as a credit against ihe�ms secuced by tl�is Deed ef�'iusK.
<br /> � � • 3.Applicatton at Payments.All payments:��vnd by L.ender under the Note and paragraPhs 1 and 2��shall be applied
<br /> � by I.ender gust to any charges I oue atitez:�an princs,�l and interest,then to interest ihat is due.arcd Snatty'ns r��cipal that is due.
<br /> � 4.�arMnrtgRgcsandDeedsof'Tesr�C6argcs;LensBorcm�•ersballp�'olmalloiBmrs.rs's;.bli�tiansunderanYmc�t��8e,
<br /> � ' deed¢ft�torotherseauityagie��twithali�whichhaspriorityaverthisDeedof7'n�st,inci�ngBarro�r�r'soovcflan�:t,��make
<br /> payments whea�ue.6�a�er sl�all pay or ca�e tobe paid a1i faxes,��other�ges,5aes aad imposirians at�...a�ble
<br /> • W the Pmpelty wLich .�y atlain a primiry wer this Deed of Trust,and leasehol�pa3�ments ar gcound c�tts.ifaay.
<br /> . ; e
<br /> 5.H�ard Inwraace.BonoR'ep shall kcep the impravemEnts now eadsring or hereafter erected on the Pc�apctty insnred 2..�insz -
<br /> � �. loss by fire,harards included�vithin the term"caaended oaverage."and such other harards as Lender may reguirc an�S.in.��ch
<br /> amnunts aud for such periods as L,ender maY reiluire• � ��;pmvided,t6sisuc::�.'�+a!
<br /> • . Theins�u�dnoecarrierpmvidingtheiasuranscshaUbechoa:nbyBanowersub�x aPPI�bY
<br /> � • � shall no1 be�aably withheid All in3vranocPolicies and zeacsvals there�f stiari be in a fam►aooeglab2e to D_e:,°dcrr�s�all include
<br /> . a standard mort�c clause in favarofaud in a faim stooeytable to Leada.I.ender shalf havett�rightto holdt,�a yz�ll�s.zsandtencar�ls
<br /> a
<br /> . th�sabjecttothetermsofanymnMr`,�g�deedaft�ustorotheaseuc�nr�'a�nt�vithali��vhishhasprimityavt:rthisUeedaiTrust. _
<br /> _:., . � In the event of lass,BoICOwer�ii give prompi notice to ttt:�»saaae carrier and I eaci�:r.t.r.nder may malce ptaaf of lnss if
<br /> ` • • � not made pmn►Pt1Y1ry Baaa�w�er. =_-
<br /> -.�,,;. • � , Ifihe PropertY is�iaandoned by Bo�er,or if Borrou�er fails to.�.^--..��Ler.�:ex Tvithin 30 d�}rs fmm the date notioe is maited by --
<br /> �.�.'J_ . II.ender to Barra�r'ertP�t tI�snsur�rooe carrier offeas w seffie a claim`sc i:,s�r�.9e L��-ts,Len�r is authniized to eoIIect and apply the
<br /> .` . , insu�asx��tooeeds al I.ender s aption e�ther to mstoration ar t�pa�r�Et�e Pmpeny nr to the suuts secru�ed by Wis Dced oiTn�st.
<br /> ar
<br /> .- " 0�.LM�ervalion aad 1�i�ia4eaanceaYPrapertY+Lea.�nlds:Coadominiums:Flwaed Unit De��¢lopments Borra�ra shall keep —
<br /> .. �; the PtoperiY u►good te�air and shall na►oommit�va�s or pertnit impairm�l or dzt..'zioration af t�e PtopenN and shall aomply tviW ihe --
<br /> . . , ? piovisionsofazryleaseifthisDe�loiTrustisonaleascL�3dlfthisDeedufTnlstisanaunitinaonr.�,uar�ass �t n�xl�rnitdevelapmenl, _--
<br /> ;� Boimu�shaUperformallofBnaon�er'sobli�tionsuc�erthedeclarationeram�enantscteatingurr',�'csniagtlt�cuiviomimumatglannad _
<br /> • � �, K. unii de��eZapmem,the byaa�r�s and regulations of the ao�,domimum aa planned unit devclopmec�and wastitueni doauneads. �.R-
<br /> a
<br /> = 7,ProtectionoiLeadsr'aSerudty.IfBorcawerPailstoperEa�zheoa�ve�rantsandag�atscuntainedintbisDeedofTmst, ___
<br /> ��� �� orifanyac4ionorprooeedingisaommcaoed�xhi�bmaterial�Yaff°ctsLeAder'sinterestintheProperty,th2n1�ender.atLender'soption, Q-��
<br /> •� • uponnotiaeto8ormner,maymakesuchappraranoes,�isbtuses¢cbsums.�nctu�i°greas°nableattosneys'fe�.s,andtakesuchaction ��;�
<br /> t...�:.
<br /> • � as is neoessary m pmtect Lender's inter2�s.If 1.ea�er�uired m�rtgage in�a�:�.s a oondition of makin�the loan s�ured6y this
<br /> � Deed ofTn�si,Boirmti�er shall pay the premiums�e4uiced to m�tain such in�ra�aae in effect until sush time as the requirement for
<br /> � such in�vranoe terminates in axordaace with Borro�'ei s and Lc�s�ei s mitten�grcennent or appli�ble la;v.
<br /> ' � pny amounis di5bv�by Leader putsi�ant tu this paaagraPV 7,�vith interest thc�n,at the Note rat�s�ali bECOme additionnl :
<br /> in�tedaessofBorro�►�ersec�uadbYthisDeedofTru.,n.UnlessBomm��erandLenderagreetoatherteamsofpaymenh7shaUrequice .
<br /> �i sFiallbepayableupone�oticefromLendwtoBonoiixrrequestingPaymEntehereaf.I�,alhingcontninedinWispara�raP .
<br /> ; Lendcr to inau any expense or takQ atry attion herewrtder. savid�tDtat Le�der
<br /> ; ii.ynrpoctionLendermaymakeorcau�etobemadereasonzbleentric;uponanfli�s{s�ctionsofthsPrapertY.P '.
<br /> �� shallgiv�Borrotir�eraaliceprimtoany�hm..�ctionspecifyingrrasanL�iQC;iu�ihcrcfarte�.:tedtoltxder'sin?P_*es!�niheFm,r�ercy.
<br /> � g�d�n�a,The praoead�af am smard ar cl�im fordar,nab�s,diral ar mn�aqt�ial.in oonnec�on nith any oonde�naTion
<br /> - I orotherrat�agafthsFYnp�rty,orpartQ�ereo�orforoom�ey�caeinlieuafoor�nn�lian,fucher�Yasrig�eda�shallbepaidtol.ender.
<br /> � svbject to thc terms ef any caortp�doed of tnu!ar�her s�oauity agreeme�t�rith a lien�tifiich has priariry m�this Daad of Tn�s1. .-
<br /> 10 Banmycr N��Retr�sed+For�e�*��s�Y���er Not a Wai�-er.Extension of!he ti�e for payment or modifcqtian af
<br /> i a�orti�tion af the s�aras s�c�an3d tY this�ed of Tnut grante�by Lenflcr to a�s�:cces.ror in int�re�oS'Botrmtier shall rtci aperate .
<br /> . � to celeasQ,in any m�nnEr,ttte li�biliry of th�erigin:�l Bonou•er an�Sarro�v�i s sucoessflrs in inter�l.i f�� 1 �
<br /> _ � - r— .�1yF3D7flDE --
<br /> vo�aste i�so 8ugs a ora �j
<br /> Y __ __ - __ _ _
<br />
|