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<br /> � � 9�- cpa$o�or s, .
<br /> , TO(3�'THER wlth nll the improvementR nAw or hereafter erecte� oa the proparty, nnd aU eusoments, d�hta, �.
<br /> ° appurtennacea oad rents (sub}�t hoNever to the rlghta c+nd euthorItIes given herein to I.ender to collect und agply sudt► �',:
<br /> renw),ull 04�++hiah sh�ll ba deemed to d�and remutn o purt of the proparty covered by this Deed ot Trust;and�ll of the
<br /> � toredoing,to�ether with eatd property (or tha leasehold e�stata if this D�ed of Trust ie An a leasehvld) are heroinattsr
<br /> referred to ue the"Pro y." �.
<br /> � �_,
<br /> � Borrower covenante that Borrower ie lawfnlly seised of tha estato horeby conveyed and hae the right to grnnt and convey __
<br /> -� the Proparty, and that the PropErty ie unencumbered except 4or encumbrances of record. Borrower covanants that �-.;
<br /> , ' Bnrrosver aorn�a�te and will defend �9narally the title to the Proporty egainet alI cleima and der�ondc, aubjzct to _,..
<br /> , . '' encumbrances of c�ecord. -_-
<br /> (JNIPORM COVENAN'TS.Bottower and Lender covenant and agree es follows: -
<br /> �.���' l.Paymant oi Priacipal aad Intereat. HorroNer shall promptly pay when due tha pdncipal and interest
<br />� "'^"' '"�' indabtedaess evidenced by tha Note. includ�n� any variations resulting from changes in the contrnct rnte, and other
<br /> " churges as provtded in tha Note. �
<br /> ' , � 2,Fuade for f�xes an8 Inaur�aco. Suhject to appllc�►b!e lew or writtsa waivcr by Lendet, AOrro�lAr shalt pay to �
<br /> • Lender oa tha day monthly gayments ai princlpal and iaterest are payable under the Nots,until tha Note is paid ia fult,
<br /> � ' n sum (herein"Fonds") equsl to one-twelitii oY�cha y�.9rly tuaes ead assassments(iacluding condomiatum and plsaned _
<br /> •��{ unit daveloprnsat assesemeate. �f aay) wt�ch nney a�ttata prlority over thia Dced of Truat, and grouad renta on the
<br /> � Ftoperty�if any, plus one-twelfth of the yearly premium IAS�ilmeata Por hazard ineurunce. plus oao-twalfth of yearly
<br /> � premium iastullanente for mortgage inauraace, it any� ell as rrasonably esti�ated iniclallY end from tlme to t�me by
<br /> • i.,ender on the�b�sis of assessments and btile aad teasonabla esttmates thereof.Borrower shall not lr�obligated to make
<br /> �•�`n auch payments oQ Funda to Leader to tha oxtent thst Bonower makes such gaymeats to the ho!der of a prlor martgaga �"
<br /> '�,;�,' or deed oi trust ii auch holder is en iasdtutioasl len�er. _
<br /> . : �;,, 1f Bartower pIIys Ftutda to L,ender�the fruads sball ba held in aa inr�titutton the deposite or accounia of ahich ere
<br />�. ;; :r��,� ;naured or gusranteed by a Federal or stAta sgenc�(inaluding Lender if Lender is such an iastitution).Lender ahall app{y
<br /> � �'`�`' tho Fuads to pay said tsses.esse�ments,insura.nce premiums and grouad rente.Lender may aot cherge for so holding
<br />' , und applyiag the Fuads�analyziag seid accouat or verifyiag aad compiliag said essessments and biUs�unless Lender pays
<br /> " Borrower intereat on the�unda eud upplicable law;�armita I.ender w make euoh u charga. Borrower�ad I.ender may
<br /> e�e ia aelting at tha time of execution of thie I3eed of Trust that iaten�t on tha Fuads ehell ba paid to Borrower.aad
<br />-� �• unlesa such agreament is mada or applicable!sw requires euch Intarest to ba pntd. Leadoc ohaU aot ba reqoired Caa pay
<br /> �` ��' � Horrower aay iatetest or earaiaga on tha Funde. I.ender ehall�ivo ta BorroNer�withou4 charga, an anaual axouAting of
<br /> ' . ��, the Punds showIag cred'ets aad debits to the Funds sad the pur,posd for whiah each dabit to the Fuads was mado.Tha
<br />;,'" . :. Funds are pledged as additi�naat securtty for the eums sacured bq th#e J�eed ut�rust.
<br /> N'
<br /> .�,. ., ��� ,` If the esnouat oi the F'unda held by I�eader,togothor wit3i th�Euture moatWq inetellmeate of Fuade payable primr w ==
<br /> y;�;;��"�` ,; .. tha due dates ot t�exes,essassments,iueuesace premiutne and�rouad reats.shall oscead the amount requiced to pu�said
<br />�r�'�:°.�;;.�; �f• �i' tages,ass�sments,inaurnttce premie�na aad�round e+ents es thay fall duo,such eaeesa ehsll be,ai Borrower's d�tt�oa,
<br />�''!"'?`'�'�� • either pmmptly ropaid to Borrovrer or credtted to Bonoaer oa maa4hly insteltments of Funde.IY tha emount ot the
<br />:+��i;''�=►. 1�unda held by Lender ehgtl aot be sutifclent to paq t�aes,asseasmaats.Insurnaas Premtums sad�raund renta es they tell __
<br />- ''.�'��'+��1 .� dUO�gortower ehetl pay W I.ender ang antount necessary to make up tha daticienoy►in ona or more payments as L�ender
<br /> f n,t�r.,,r .;..�.
<br />���%. F ��� mey require.
<br />-:,•�,-TF�-°-- Upon payment ia tull of ell sums secured by thie Dad of Trust,I.ander shaU prumptly refnad w Honower uay i�andc►
<br />*�r:�''p� .� held by I.ender. Ii uader paragraph 17 hereaf the Property is sold or the Property is otharwiee acquired by Leieder.
<br />="`�-"`�=�• Lor►dar eh�ll agply,ao later thea tm�nedlatsly prlor to tha eale of the Properiy or�te aoquisitiron by Lender,anq Funda
<br />'6"�""'�"�' held by Lender at tho rime of applicatioa ea a credit against 4ha eums secured�y this Deed oi Trust.
<br />� - ` '��-� 3.�pplicatioa of Psymente.Unless applicable law provtdes otherwisa�all p:►ymcata e�a�ived by Leader under tha
<br /> '�"''�``�''L''�`�� hs 1 aad 2 heteof ehall ba a liod by I.eader tiret ia yment oi amouate pt►yable w Leadcz by
<br /> �-m�•u�=�- Note aad P�BmP PP Pa
<br /> r.m.�.r...�s��
<br /> ,-�,,,,;,;,�,�,,,.�;� Homowor uader paragr3ph 2 hereoi.th.en to interest payable on tha Nata at the appliaable ooAtc�ct raW,and thon to th�
<br />;;���� prIacIpal of tha Noto.
<br /> Y.;-s�rrxr..� 4.Prior Mnrtsa�es �ad Deeds of Truat; Q"h�Tjes; Ldeae. BAmower ahall perfurm oU of Bon+o�se�'s obltgations
<br />� ��`�:::�i:�� - under any mortgago,deed oi truwt�.r mther secudty agreem�s2�with a lien wGich hes prIority over thia Doe�oi Trust,
<br /> y�,�' tncluding Borrower's covemants to a.:�aka payments ahea rit��e. Bon�ower shall pay or cause to ba patd all tnxes�
<br /> A._��,� ����t� ��t nther cher¢es, 4ines and impasitions eriributeble tv the Property whtch mey nttaia a priority over ttds
<br />� D�eed oi Tnrst�and ie�ahold paymea►te or ground tente,i2 nny.
<br /> - ��•�, S.Hazard I�uranoe. Borcoaer ahsll kcep tfie improve�neata now esistiag or he:tiafter erectgd on the Prnperty
<br />��—�T����pj��}" �naured against l�s by tiae�haz,�included within tha urm "este�tded covera�e�" end s�ch other hazards es Len.der
<br /> "_�1n.L�_"_a�Sr�rv.:� .
<br />-_ ��� may re:quire and ia euch amounts aatl Qor auch pertods os I.endet mny requiere.
<br />�`�r�- �' Tha insuranoe c�rrIer grovidiag tha ins�ttance shall be chosea by tt►e Aorrower aubyect to approva �p Lender;
<br />�:.:`�;�.�-`�� �� provided,thet euch ngp�vval ehall aot be unteasonably withheld Alt tnsur2�ce polictes and reae�vale thereof shatl ba�n a
<br />�;;;� , . £aren acoeptable to Lxad�and stu�ll iacluda a�undard mortgoge clnuse ia tl�vor u!ead tn a torm��cc�eptable w Lender.
<br /> Lender shall ha,ve the dght to�ald tlne polictes anra ren�wals th�eo4�aub�ect to tha tenae oi uny martgage,deod of t�rust
<br />'� `` :.`:-r,.;,�`��' or othar security agreement wis8►n fl'sr.n whiah hae priority o�or�is Dced of Trus�
<br />�.�. ,-_ .
<br />= � In the event oi 1�.Borrower shal'!give prompt aoti�to 4h�ineurnnca carrier ond Lender. Leader may moge proof
<br /> ��--�� : � � oi loss tt aat made pra�pily by Borrower.
<br /> � � :+� Unless Ixnder aad L'�rower otherwisa ugree in writiag.iasurnnce p�r�ads eholl bo npplied to re�tAr�tion or regair of
<br /> . � the propetcy damngad.it the restorntioa or repair is eroaomiaxilly 4easible and Leader's security is aot lessened. V tha
<br /> ,��'"�`��'; restoration or rep�ir is not ea�aamicatly feesible or Lender's�a:,xurity Hould ba le�ened,tho iasurnnco prarceds eball he _
<br /> -�- '-- —t_L �:��n..r� te
<br />- �'`:�`.- --"-�= applied to the suma secus+ed ay cnis aecurisy insavmeni�w`c�wvr vr u�;¢ �a�n u�� RiHI OII�oa.� E.a,� ..,...,,,....a.., _
<br /> " - �� �� Bore+ower abandons tho Property,or does aot oaswer�+rtth�n 3D days n aotico from Y.eader that the insuranca cardor has =
<br /> � � - ' ottered to cettle u cluim, then Leader may ooltoct the tnsuraaoe pr�ds. Lender may use the proceeds oo repair or
<br /> - . rescore the Property or to pny sums secur�by thts Security Instrument.cvhother or not then due.The 30-dny perio6 wtU
<br /> " begin when the notice is Qiven. .
<br /> � � � It the Propetty Is ab�adoned by Barro�ver� or if Bon+ower inils to respond tn I.ender cvithin 30 deqs tram tha dcite
<br /> nodco ta mailed by Lender to Borroaer that the iaouranoa carrier oftecs to settle a c1�im for�nsuraace bensiita.I.ender
<br /> ' ,. �e authnrizrd to oollect und npply tho insarnnco pir�otesls at Lendet'a option either to ne.aWtation or tepair ot the
<br /> � ,, � pmperty or to the sum9 eecured by this Deed oi Trust.
<br /> .. 0Y-Oe-99 OOT NEOOl89Y
<br /> ' o;i3O�KAI �I������,�,l�A����I,�II'
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