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<br /> � 102335 02/O1/1999 �
<br /> ' � - .10SB.II03i�T(iUSZ NBLLY D REYBS � .
<br /> � ' Ut�oRM CovEt�AN�°5. BoYrower aad Leuder covenant aad agce�as f9llows:
<br /> ' ' 1. P�ymeat o1 EMnsdPal sad Int�. Bo$rower sball promptDy p�y when due the priasipal a�d intenst
<br /> indebieda�s evidenced by t��Noie aad late charges as ProvId�in tIIe Note.
<br /> ' ' 2.Feaads�or Taxes an�9 Iasuuan�e. 5ub+�t I°apP�le law or a writtea waiver by l.euder.Sorrower s3t�1!pay to :
<br /> Fe
<br /> � . . f L�er on the day monthlY pay�ents of priacipa!and incerest aEe paYable u�der tIle Nate,un�il the Nate is paid in fiili,a �
<br /> E� sum N�tein'Fw�ds')e9ua! co oag-twelfth of ths yeariy taxes sud assessmeau(iIICludiug coudcminium a�plan�ted uait
<br /> • : e develag�nt 2ss�ssm�ats,if any)wtds�may attain priariry over this Deed of Truss.aud gmuud cents on the Pruperry.if
<br /> , 1 any.plus aae-t�velfth of yeasly premium inst�linsents far harard insa�rance.pius otte-rv�lfth of yearty Preutium installntents �
<br /> . . , j for a�.ottg�z it�,ur.�. if any. ali as cea�mbly estimated iaitially aad ftom tin�e to ts�ne by Lender an tka trasis df e _
<br /> _ _ _-___�s- A�cs�cm�t�*s and 6ills�ad teasunabl�estimates tt�reo�fte Bts�t��hoSlder of apriot tufl gaga d•"�t1 af�trust if ts of�Fuads � -,. .
<br /> co[.eader to the esceai chai Hnrrower malces such pzy Q �=
<br /> m
<br /> -= ---.�:� �;
<br /> _ — . �s an iu�titudomi te�c:r. � -_
<br /> us
<br /> . If BQreo�rei pays funcls tu a.euder. t�e Funds �hall be held in an in�sitution the deposits or accQUnts of wHtr,�ara 9 __
<br /> n�
<br /> i n s u a�a z g n u a n t�b y a Federal or srase a3e�Y(e�c1udin8 Lendor if Les�r is such an instttution). leader shall e�ply � �-
<br /> . [ke Funds co pay said taxes.a�nts.iasu�a�ce Daemium�s and groun�renrs. Leoder may noi c h u ge f aY so ti o l d 3 n g w d N^
<br /> u said asse�ments�nd biUs.un2�s Lender pays
<br /> . . �P�Y��48 �Funds. analyz3n8 said ascount or vecifyiug smd co�pilin8 _
<br /> ' W�ble law u Lender to make such a charBe.Barrower xnd Len�er may agcee �.
<br /> ' . �� Borcower i�rest on tl�Fa�ods and aPP� Pexm� _-
<br /> �T� in wriws,g a t t h:ri m e of executian of this Deed of TYw�t cb.3t imeresc on the Buads shall be paid m Borrower.aad un!�ss i
<br /> � � ��nt is made ar appiicable law t�uires such i��a�ss w be Daid.Leuder shall aot be req u i r e d�pof th�Fucds —
<br /> :,�y �y�r�or earnistgs on the Funds. Lender siatl gi+�e to�ozrower.wctttout charge.an anaual accountnng —
<br /> ' showing cr�its and debits w thE Funds aad e��:.�.'pgs�for which each debit co rhe Funds wu made. The F�r�s are
<br /> (� pled�ed as sddition3l securitS+for the s�ms sec�uzd by this IIeeal of Ttus�. og Fu�ds payable psiai w
<br /> i di tt�amnunt of the Fw�ds l�id by I.eader,m�et w�the fiuu�momhly i�allments
<br /> �,����' `.�� the due dates of ta�ces.asses��ts. i•,�,,,"*�P p�ums a�ground ce�,shall atc�ed the amovttt re4nired��Y sdid
<br /> , ,� '„� ��� �n�. in�aace P����� reats as tfleY f�l c��.sach excGSS st�all t�e.at Bo:rawer's optian. —
<br /> e�t�et promptly cr�d ro Baauwar or ct+�ited to Baarowzr as�nt�9y 9�co-nmen*�of Faods. If tke a�uuni of the Funds
<br /> �sl�by I.�end:a sball noi be su�ciem to pay mxes. s�-MTM�^�,i�ance Preminms and gtoand r�ts as d�y�due,
<br /> . Ba�u�e-er shall pay m Le�der any amnant�rY m ctake eP the deficiency+ in ont ar mone pay�epss as I���m3Y
<br /> � . . - �4�- in tull of all saffis secured by this Deed of Tnuc, I�ader sball PrompdY refamd�B�iaowes aa}r�nr,ds
<br /> UPan PaY� h 17 heteof�2 Propeny is sold or the Propertp is othacwise acqa��'��r•Lender
<br /> . held by Lendei.If nnder PazaBrap or its acquis�tiaa by Le�.�J
<br /> rior to the sale of r`x Pcageny Fmns held by
<br /> ,• shall agPlY��isier thau immediately P tha s�s�ed by eh3s Deed of Ta�t.
<br /> � Lender at tbe dme of applicati���ctsdit aSainLt ceceived bY�r c�dr.
<br /> , 3. Applicslioa of Fapcu�. L'gl�s F,pplicable law provides a�.�Pa��le to Isr�er 1ry��
<br /> � . Note au�para�P�1 and 2 hereof sball�:��li n the N�o�te.and t�:���:=•:pri�ipal of the Na:e.
<br /> ��p��21��f.thea to intciest P�.:�
<br /> ' 4. Prtor Mortgages and Deeds oY Trust;Ct�g�3 �d�ens.Brx�s�sa�er shall peiform sU of��zver's obL�flrs
<br /> , .. . �r any mortsage.deed of uvst or other security a"'��aie�a i:en wmich has priority over P:.`is Dced c�Tn�t.
<br /> � includiag Bm�ower s coveffents co m�ke gaYments when ecG:. ����ow�r s�iall pay or cause to be pa�d��es.p�.""�",rq
<br /> .. and o2�r cbarg�s. Bnes aud impositio at!�."`.zu:�ie to t�;.?ropertY t��i:�maY att�n a priority�+�c��s Dead cr�?'xust.
<br /> and teasehol�payments or ground rents.iY���.
<br /> ��r�b4�'-�� S. ���Td�III9IICC.
<br /> Bo�m�wer s,.�::1�p the iu►Provemenrs aow existin8 or tc�reaft�a�i:�:::on th.ProP�3+
<br /> �`;` im�ued a�t tass by fire.h�r�-'*'.s included v�ithin the�'ext�nded coverage".and s�ch othel:�rcls as Le�roder m�y
<br /> �,.•r?,.l�s';:,.1`.,
<br /> , , ���t�'; roquite a�in such amonnts aur3.f Ic suCh ger`-ods as LeR_.&r�.+�y�•
<br /> ,t,:��r, t�_ � Thc in�ua�e curfer pmvidia��he�.�...^�e shall�e:.hosen 4�y�c�rmwer subject to appmva]by Lendec:Pravided,
<br /> . ,;�. r.�,�,,.-�— .
<br /> � . .',-�, � tt�at sucl�ap�mval shaU not be unreason��7��--�1� All insiva=:.:�ulicies and renewaLs t�en�fz shall be in a foim
<br /> "" a�o�ptable to Lender and shall include a sta�r::z:�.:.or�:clause in ix-,��r of und ia a form acceP�e r:a Lcvder. Leadet
<br /> _...<:;�:-_: � �have the right to hold the policies and renewais ou�.�:;�.subject to the termg of any mortgage,s:�..�si of teust or o�er
<br /> ;..�., •.J ment witb a lien which has priorlry over:�i?s�of TnisL
<br /> .� :.�':. securlt3'�ee
<br /> �.-. In the cvrnt of loss,Bosower shall gi'���:v�pt aoSce to the insutanoe c�nier and Le�er.I�ender maY�Proof
<br /> ;a?+�.`�`�'%� •" � of t�ss if mt msde promPtlY bY Bo7rnwer. nd w lxnder wItPtic.:�'J daya from tLe d�te
<br /> R«, . lf the PropertY Is�b�ndonetl by Bar_�v�a:,a�r if Baaowei fails w r�spc�
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<br /> '�,`-`u;�'�x.'. ' . nntice is mailed bY Lemder to Borcower t�ar�e insurance caaiei affeYS to settle a claim fo:in.��'u��bene���ror
<br /> W -s�,y�-. .
<br /> �;�'� ,•, �:. authori�d tfl collect and aPPIY the iasurance procecds at Ixnder s opti�n either to restora�don oi repait � rt3►
<br /> �� •� �. , oo the su�s secured by tbis Dc�d of Trusc. � ��; ��idst �andomini�; Planned UJnit De�eiopmsats.
<br /> . `' 6. P��on aad Mai�eaance or deterioration of ttie
<br /> •''� '" :` { ' Boirower shall kseP the P,ropeity in good rr-,reir and shall nos comwit wsate or pemut impaiIIment
<br /> �`�'�;��`�;..,. �.. .;• ,
<br /> . .��i'`;3A:`�`�:,:; �F�Y wd sh�ll comPly with the provisions of any i::�if this Dce�of Trust is on a lpsehold.If this�eed of TYUSt�s
<br /> � °,..� . �° , on a unit in a condomtaium or a pl�n�d unit develapm.ezz.Horrotiver sha0 perform aU of Boirow�e hY-laws�and�nregutau9ns
<br /> � � declar�Ion or covenauYS crratin3 or gavemiu�3 the condomnsi�oa pL3na�d unit develo�ment.
<br /> � of the car�daminium ot piau�si unit deve2apsaent,aad samsiitcent dacunmenq.
<br /> � 7.Pr�tcctlon ot I.eade�'s Seauity. If IIaYrower fa�ls to peiform the oovenwts and t$4ten�ents conCd�ed in tbis
<br /> � Dee�of Tcus�or if any acnon or pmce�in8 is commenced a+hieh mat�riaUy affect�Lender'���� su�n�cl•�8
<br /> '. 1,,ender. at l.en6a's aptIon. upon nosice to Bfllrawer. may make such appeacu�cts. �rt�e _
<br /> X y reasaaable aztoroeys' fees.and take such acnon as is ncessuY co Protect Lender's lnterest. tf Lender raqutrod
<br /> � ic�ur�ce as a condldon of uaaldn8 etie lozn secured by this Deed of Tnist. Bonou��er sLall pay the premiums ro9uirod to
<br /> . , mlinr�in svcL insurance in effect until suc�dme as the ce4uiceuient f�r s�sch igsurance terminate� in xeordafles witb
<br /> BaTtoveer's avd Lender's tivritten agreement or appllcable law.
<br /> • puy amannts disGu�scd by Lender pius�ant to this paragtapb 7. wIth interest thereon.at the Nate rate.sLaU becAm�
<br /> zdditia�al indebsodaess of Borcourer r�cured by this Doed of TcUSt. Unless Bormwer and Lender agree m at�er te�of
<br /> � . �aYmen� suc6 amouats sha11 be OaYable �apon �rice from Lender co Bomou�er cequestia8 WY���f. Not�ing
<br /> � � � wa3aiaed on tbis para8rapb 7�all re9uire L.e�ec to incur any expease ar take any aetion hsteunler•
<br /> � g.1nsPeetton. I.��r�er may make ar cxuss to be mxde ceasonable eatries ugon and i�pe�daas of the ProgertY.
<br /> �• y reasonable cause theief�s celated to
<br /> ' � p�.���t L�der s4�aU give Horrower nntice prior to an such inspr..idon specifYinB
<br /> � -- . .__... -- � i.��:�.-t's i�°s�:':a t�e pmnefi+-
<br /> � ` �,�zors
<br /> " n=btas�tss�6a �iva osig4aal(Ftacosds3) CoBYlsruaaalaf Capy(Custonaa)
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