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<br /> � 'CU(i1iTN�itt�vith oll thp improvoment� nu�v ur hecentter ercrtcd un tha proporty� ond i►11 ea4cmentH, right�,
<br /> oppuetonu�ucs ond ecnta teubject hawave� ta tho rishta nnd outharitirs�i�cn herein ta l.encier ta culle�t and opply p���h _
<br /> - , rent�},al)at which ehail t+o dcomed tn ba and �ernnin a part nt tha prap.tty cavared by thi9lked��t'i'r��t;or�d aU pt eho �_
<br /> -- - �=_�. � faroAoing� ttl�,►�then with Raid praperty �ur tho leucohotd ectato It tMe Uecd at'1'�ust is un n le�soht�ld) n�o hereinatter c_.
<br /> � .; � eet�rr�d tc►as tAe"Praporty." �_
<br /> Borrotivo,cuvennnt� thax Horr��ver tA la�vfully aei�cd af tha estnta heroby cnm•vycd an�1 ha9 thv right tn�tant and convey
<br /> tha �'roporYy. and�t�ari t yill defsnd g�ne olly tMe�itlQ, to�the�!'rnperty ogoin t n 1 cl�aime undPdomanda, e�hJe�t tu �
<br /> . Hateotver �orran �-
<br /> � enoumbrnnces at record, _—
<br /> .:�,;.:,�-�� UNIrORM CUVBNANTS.Horrower ond I.onder cavenunt and ag�eo as tulAOw`Vhen due tha rinci al and interest
<br /> �:�� 1. P�ymont at Prinaipal �ad laterc+st. Harrower aholt pramptly p y P P
<br /> • indebtcdness avidenced by the Nate, inoluding any voriations resulting t�am chnn�ea in tha canteaot rnte, and ather _
<br /> .. � charge.g aA provided in tha Nate.
<br /> , � 2. Funde iar T�acea �nd Ineuranco. Subjeet to applieable 1o�v ar�v�itton �voivor by Lender� Horr��vor shnU pay to
<br /> � l.ender on tho day monthly payment�ot prinr.ipal and interest nre payablo undor the Nota, until tho Nota ie puid in tull,
<br /> o sum (hare�n "Funds") equal to ona-t�valith at tha yvari� taxea and assessments (including condominium and planned
<br /> � ;, unit devalapmant e�sse.5smont�. it any) �vhich may uttAln prforlty over thie Deed ot Trust, und ground renw os� tho
<br /> , �. Praperty, it any. plt�one-tweltth ui tha yearly gromtum installmenta tor ho�t►rd insuranca, plu.v ana-twelttA of ycarly
<br /> � premium inatallmonts tor mortgage Insurance, if any� oU as reasonobly estimated initinlly and tram time ta time by
<br /> .�. Lender an tha basis ot assassme�nte oari i�extentthat Harrawerjmakes euoh ps►mQ nte to the holdera!e�prior mortg ge
<br /> auch payrnents ot Fundr�to l.en
<br /> or deed of ttust if auoh halder Is a•�a institudonol iender.
<br /> Ii Born►aer pays Funda to t�e�dl,r� the Funds ahall 6e held tn an inatltution th� de�slta ar accounta of wh�vh are
<br /> � insured or guaranteed by a Federal or stete agenay(inoluding Londer it[,ender ie euoh an inadtuttan).Ltmder shnll apply
<br /> � tt�e Fuaas to pay ea�a iaxes,esse.ASmente,ineurenca premiuma and ground ronta. l.endor may not oharge far so holding
<br /> and applying the Punda,anelyzin�said account or varitying and compiling aaid a�es9mente snd bi11o,unless LFmder pays _
<br /> Borrower iaterest on tha Funds and applioable law permita Lendet t� mako s�iah a chocga, Hono�var and Lender may
<br /> agr�a 1n writing at the t�ma af exeautian af th9e Deed ot Trust that intarest on the Funda ehall be paid ta Barro�eer�sad
<br /> � � unle�such agreement is mada or appltcable iaa requices euoh intore9t ta be psid, Lender ahail npt ba cequired ta pay
<br /> r � Barrower eny interc�st ar oarnin�on thv Funds. I�mder shell give ta 8orrower, withaut charQe,cu�snnual accounting of
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<br /> ';.�; the F�nds shorring eredits end debit� ta the Funds and tha purnose Qor�vhtch eaoh clabit ta thn itlands wae nnade.The
<br /> �;:1;�".�. Fund.q ara pledgad as additional securlty for tha suma secured by this Dsed af Tru.�t.
<br /> ��''"'_ If th�amaunt of tha Funds h�ld by Lender,togot3►or triih tho iuEuiv motithi�{tsstsll�i€xits tst Fsksttls i`�Y�'�t'-��'tO -
<br /> _ ,._ .�,;,
<br /> the due dates of taxes,�ssessments,�neuranre premlume and�round rente�ahell exceed tha amount required to pay said
<br /> � ry ' taxea� essessmonta, insusauce premiume and graund renta as they tall due, auah exc� ahall be, at Barroaer'e option.
<br /> --����= ettnar pmmptiy regaia io Bm�v�ar vr�-�.�3 t� ��'^'n �n ��-^�%i���m°t��"of Funda Ii tho amount af tha
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<br /> �-�� � • Funde held by Lendor shell noY t�o avifioieat to pay tases,assessmenta,inaurana�promiuir►a aad ground ranta a�they tall
<br /> =`-r`-� due, Borrower ahall pay ca Lender sny amount nocessary ta moke up the doYicienoy in ona or mom payments es Lender
<br /> ':�:,.'�.';a may requira.
<br />��"�:.c�� Upan payment in fu11 at all eume seoured by thte Deed o!Tr�st,l.endar ehall promptly rofund to Bono�ver any tundca
<br />-'�1�' '��" held by Londar. If under para8raph 17 hereot tho Property ia sold or ihe� Prdparty ie otharn6sa aequlcesl by Lendor.
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<br />_= l.andar ahell apply. na later than �mmedistely prlor to tho atile a4 the Praparty ar ite acquls�tian by I.ender,any un
<br /> �=�'-�"��`' hald by Lander at the tima oi application ae s credit againet thv aume securcd by thia Deed ot Trust.
<br /> �«.-,;h,
<br />�-=��� 3. Applicat�aa oi Paymenta. Unless appllaable law pi�avides atherwiso�all p,�y�snec�ts received by Lender under tha
<br /> __.:�s'`�r�� Nats and paragcaphe l and 2 hereoi ehall be appHed by Lender ficat in payesnen! a4�amaunts payable to L.eader by
<br /> ,.;;:=i:, �A-- Borrowor under paregraph 2 hereoi,then t¢� interest payebla an the Noto at ths ap�,lizatJ�c cuntract rate�and then w tha
<br /> ,�^*;� principal of the Nota. -
<br /> •�=_�.:+.�a 4.�rior Mort�a�ea wd Deeda oi Trust; Chueos; I.iene. Barcawer shall parta.rm,�11 oi Hotrowat's ob]lgationa
<br /> -¢��" under any mortga�o,dad af trust or o�ther socurity a�reement with a liott tvhich tuu� p�iutity over thia l�ad o4 Trust�
<br />�i:�� :; � inoluding Horrower's cavansnto ta make pnymonta «hsn duo. Borrowae ohotl pay c�o�cause to bo �ud �1 taxes,
<br />--`"3fi ` assessmonts and other char�es,fines and lmpasitlons attributabla ta�hu Peoporty whn�h.imoy attain a priorityr ovor ih#s
<br /> =--��-=:�y:�s Deed ai Trust�and leasehold Faymonta ur�saund rants,if any.
<br /> -=-''�,'_� 5.Haa�rd laeur�nco. Boreoner ahail koep tha impmvomente naw exiating ox hvrer+{t�r ercoted nn t�hs �'roparcY
<br />=���P�'��' insuted aga�nat losA by flre, t��4ards Included wlthln tha term "extonded covarago," ar�:l auch other hazerds es I.�ender
<br />���4������ may reyulr�and i�y euoh amounts and for aLa�,t�periods as Lender may xequira,
<br /> �,_.,. + 'Tha�nauranco cerrler providln$ tha �nsur�nca shall ba ohoaen by tho Barrov�ar su�b}evt to approval by l.ender;
<br /> ��`�"��T��' provided,that auah approval ehall not ba unreasonably withhvld.All itu�uranco policiee en�te���ale thoreai eh�ll be in a_
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<br />-�z�c;:_������ � iorrn nccoptable to Lender en�shatl include a otsndard martgage olauQe+in favar oA an��n s iosm acceptablo ta Londor.
<br />-:1`f:i;�;s::.,.:, T,,e��r�sT�ail hsva tho rlght ta h�ld the polioies end reno�als thereoi�eubjevt to the tormr o9 iu►y mortgaga,dexd ot tr��st
<br /> = "`- __ - nr o�ns sevu�ty a�snest��ith s llen s�hi�h h?9�rl�t�ty over thls U9od of Tiv6t.
<br /> s
<br /> ,� In the event of 1�,aorrower ahall give�Qrompt natice to the inaGrance carrler and Lender. Lender may meke prooi
<br /> . '- af b�s i�not mado pramptly b}Borra�es.
<br /> ��: ` ('Q�1ese I.ender and Borroner vthesti��se agrea in cvrltin8,insurancs prn�eda ahull be a��plied ta restoration or repair of
<br /> ;.::,,.�,,,
<br /> �'�;.�;.r,`��=� the Proparty damaged��t the a�astrration�r repair ia ecvnamically toasible end I.enda�•°a securlty ia not lessened. If thv
<br /> �.-�' � restoratlor► ar repalr ie not economicalty foAS;ble ar I.ender'e securlty wauld bc�lea.�onad, tha insurnnce praceeds eha11 ba
<br /> ' applied to the eume se�ured by thls Security lnstrument� whether or nat thon dwj� witb ony exaess paid to Borrnwer. It
<br /> �� Bonower ubandons the Property,or doea not answer within 30 days n nntice from Lt�der that tha insuranca carrler hns
<br /> � ofPared W settla a alalm, then l.ender may collect tho inauranca pt»ceeds. I.end�r may use the praceeda to topair or
<br /> � '� restore the Propes�ty or to pay suma seaured by thie Security Inetrument,whethor ar no�then due.The 3Q-day period witl
<br />- � . i� begin whon the notica iA,given.
<br /> ' ^� It the Property ie abandoned by Aorrowec, or �t Horrower fails ta re�pand to l.ender �vith�n 30 dxya tram the dete
<br /> � nottca ie meiled by Lendar to aorrower that the insurnnca carrier offc�re to settte o claim tor insurance benefltt��l.ender
<br /> ia authorized to colleot and apply tho insuranca proceeda at Lender's aption eitiie� w restoratlon or tepair of the
<br /> � � Proparty ar ta tha euma seaured by thie Deed of Trust.
<br /> " � 02-08-89 DOT NE00793�
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<br /> OAIOINAL (�I���������,����I����
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