|
1
<br /> , �� � ,
<br /> . flHfYi� FtGBBR�'E30N 99'��D�d��� aoa�so oa/ad/i�s� _ „ :;,
<br /> ,,.. UNiFOAb1 COV�iNAN i'9. Iturruwet nictl Len�t�r cnv�t�nt uRd o�ree as follows:
<br /> i. Pa�ment o� Fr�ncipal �d Y�t4e��1. IIarnnver sh:sit promptly pay wnen d�e thn p�lac8pal au� intere�t ,
<br /> . i�uiQbtedaess cvttt2tcsv-�O by the Natc and tate chnrBeK av pruvided in the Note. �
<br /> a.E�lun�[nr'Y'exe�an�t Bnse�rance. 5ubJcct u�epplicanle inw��r o wduen 4vaiver by txnder.@nrro�ver shall pay tu „
<br /> � Lc�er on eh.�dny�numhly paymenu;uf�rinci{�ai nnd intrrest�:paynAle uttder the Nate,untii tke Nate ia pald iu NII,n
<br /> 6um thercin 'Fuids')Nusl ta�me-tvicltih of Q�e yearly taac�a ei�assessn�ent�(inctu3ing cundorafaium w�d pluutied uait
<br /> ." develapm�nt tt�ess�nts.if tu►y)whlch m�y uttAin pdority nvec thls Dzed af Tcust.an�l gruwsd centx aa the Pmperty, if
<br /> any�p4us ane•twelNa ut yeuly pcemium instalim�ats for t�vard in4umn��.plus une-tv�elfll►uf ycatrly�y�t��lu�i in:,ta11ua2tus .. ...
<br /> � for ma�tgagc insutance, if any. ali as reasnnably esdmated inld�lly and from dme to dme by Lender an tha basls uf �. '"°��
<br /> �� - a�essmonto and bllis and ceawnable esdmates thenrof. Bamiwer stmll nat 6e uhliQated to make such paymeats of Funds
<br /> : ... ,,
<br /> � • to l.endet to the�atent du4 Sotmwer makea sach pnymenEa ro sbe holder af u prlor ta�irtDaBe ur deed af tnut if such holder . ,.
<br /> is an instttuttonal lee�der. •
<br /> If Borcower pays Fwads to Lender.the Fu�tds shall be held iu an insdtudon the deposits or aa�aiais of whicb ate ,� -:�-
<br /> � it�uced or guatautee�by a Federaa or state agency(iacl�cdiag Lender if Lendar is such en insdtut�on). Let�dde siwll ap�3y .:..�
<br /> t�ce Funds to pny saEd tues.a�nts.Itiurance preroiwns und IIrauad cenm. Lender aay aot clnrge for sa holdiag aad �'�,
<br /> . agplylug dce Funds. amlyring said aocount or verifyiQg nad compitia� s4id a�ses3ments and bill�. uWess LeMer pays '� ,
<br /> Borrower iaur�st o�a tha Funds and ippliabte law permiQS Lender to m�Sce 6vch a c,h�r8e.Bormwer aad Lender muY ag�ec �.s1,=
<br /> ' in w[iting ut ilie dnae of esecudoa of tt�ls Deed o€Trust tdat iaterest an the Fuads shttil be paid to Sottower.and unless � -�.
<br /> � sush agrcement is made ar applicable law requires such iatenst to tse paid. Lender shuU�t be eoquired to pay Bormwer �::•
<br /> as�y�ntcre�t or esira�ugs on th�Fuads. Lender�tu�ll give tu Bomower.witkout churSe.an annuul eaouminQ of thc Funds : •°�:r;
<br /> � �
<br /> s�uwing ctedits aaiY debits to the Funds and tke }�urp�e for whirh eacb debit to t@$Funds wss made. The Fwds are ;`'t:•�:
<br /> � , . t' pledgad es addidonal saurity for the sums s�cured�►y this Deed of Tnut. '�u--
<br /> If thc a�unt mf the Fu�ds held by Leuder. together wi�the fuaue rnoniWy instaUnaeats of Fu�ut�p�yable pxtor to �;;�;;;
<br /> ' �' dee due datss of taxes,�nec�s.iatiroranoe premiums and grouud rents. shall oxcad the amowm ra�uiced to pay ssid ��_ x
<br /> ` ` � qR�. u�e�ments. i�uome premiums aud gro�rarts os they falt due. 5uc6 excess shAU he. at Bonower's apdoD. �y�;�;�
<br /> ,,: ;,
<br /> -�.,:;;:�;. ' �a¢�ar.c�mmpilY Kp3td w Homower or credited w Bomavra on momhly ia�allmem�of Funds. If dx amount of the Funds _--_
<br /> held�y L�e9der shall�t be sut�cient m pay tw�es.ass�ments.iasvmuce premiva�s and gcound eents as tt�ey fall deu. __
<br /> Borrowei sLatl�y to Lender aay aa�uns�ecz�ry to m�lce up the deflciec�y in ore or�re payments as Lender m»y =-_--
<br /> re�rui�.
<br /> �'•:'�.,, Upon WYnrai in ti�ll of all snm�socuned by this Beed of Tnist.Lender si�U pmmpdy retiwd to Botmwer any Funds —
<br /> ."?,;:;'=` � , �rid ojr L'ciri�.it'r�-r�sagsaFh 23�es�f!�Pragetiy L s�lA�r�he Pmnerty is otbetwlse aoquited bY Lender.Lender _
<br /> shaU apply��later tl�aa immediately vri�r to the sale of We P�pe�ty or Its eaquistdon by L+e�er.any F�dti 6elA by
<br /> i,ender at We dmc of appliratton as a cHdit�m inst the su�5ocured by tWs Deed of T�ust.
<br /> 3.Applicatton ot P�,yaie�ta. UWes�applicable law pmvides otlieiv�ise.ail puyaaews�odved by I.wder u�tbe
<br /> ''i'ii; N�e and�treg�phs 1�td 2 hemof shaU be applled by Lender 6tst in pnyment ef tm�a�nts PsYable w Lendtr b-�Qomower
<br /> �1�'.,!.� under p�ragrnph 2�seceof.th�¢o inusrest payable oa tk.Nole.and then w the p��af the Note.
<br /> ' 4. P1�or IMdort�t�es wad� ot�i C�B�l Lhos. Bomnwer st�sall p�t'�all of Boauwer's obUg�ttong
<br /> , under anI► mortBaBs,dood of uust or o3�socndty agccement wlth a 8ea which has prtodty ovrr tbfs Deed of 71�usY.
<br /> .. � including}brcower's covenuus w malce gaya�ents when due.Borcower�sLaU���A�riori�ver tWs Q+xd o�f Tiusi. _—
<br /> - amd other c6arges. tines and imposidor�atMbutable t�t6e Pmperty
<br /> • ' a�9leasehold payaaenta or gruund rents�if uny. ---
<br /> 4�;`,:.�, ;_..; s. �uard Ir�nanoa Bo:rower shall k�p t�s improvemems�enis�ng or hereaRer er�cte�on the P►�opercy
<br /> _._ � �.��, inWered a�atas2loss by dre.hsracds iecluded ait6in the ceran°extended ouveiage�.aad dvch oduer harards as Lendsr may
<br /> r.'.�,-.�..,:� � c�equin aad in suc�amo�wts aud for s�cch Qe�iods as Leader may requine.
<br />_<.1�,�,, 'Ihe tnsvrrtooe cx�et provEdiag the insvrasoe st�ut��e chosen by Bomower suhject to approval by I.eiWtr:provtdod. _..
<br /> . ,;.�F:.•. '
<br /> . .,,:;F. ntt�srt su�h ePPmval shall not be unreasoaably tvithhel�. A�1 insurance pol[des�cPnewAls thetoof sbaU be in a form �7
<br /> ., 3+�" , a�aeegtable to Lendcr am shail iaciude a suindard murtgage clause ia favor of and ia a fonsn ecoeptable w iender. Lend�er
<br /> su
<br />:._�F'._; ti� �� sstiWW1 have tht u�ght ro hold the�tolici�uadl rt�vnls th�f�subject c��he terms of smy mortgage.deed of uust or oilter --
<br />_ so�ricy agreemem witb u lien w�ich h�ts�saority over this Deed of'I1�e
<br />_T.--_ --�----.� � in the eveai�of loss.Homow�r st�all give prompt nadce ro the insuranoe canler and I.ender.Leader may make pmof
<br /> *--::V-� vf I�s!��o�t m�Ar. pmmntly by Huuuwes. —
<br />_'-` "' Ii the Pmperty is ulr�oned by Boxrower. or if Hotrower fails to respond to Lender wiWin 3t1 tlays from tuc�iri� �
<br /> " „ �. nottce is�'ii7�d by Lendcr w Borrow�cliat Uce insuean�e careter offers w settte a clatm for t��sa+noe beaeStu.Len�fer�S �T
<br /> ° 4 authorized tID omllect and aAply the ins�mu�oe pnoceods ai Lender's opdon e1ther to resro�ttan oz us�ir of the Pcaperty or =_-_-
<br /> � r Ea the bums sa�red by e�tis Deed of Tn�st. :�'
<br /> . 6. Pa�+ation a�A EJ,t�ie�tau�mae at PrnpatYl Leisefioldgi Condoia7�nsi � UNt De�tkpma�te. '�r�„�.-
<br /> y .,,:��:_;�,
<br /> , , �ornower shaU ke�p the FropertY in good repair aad shall uot oommtt waste or g�tt�ntt impairment or decerloratton of We -.-;:-
<br /> � Froperty apd s?d!comply with the provosians of any lease if thi.c Q�ed of Tcust is on a teasehmld.If thia Doed of T�st is ;��;�<.
<br /> � on a unic in�aoc�sfomfnium or A pl�a�nnrrt developmear. Horcower s�il petfoim all of Borros�sa'.s obligattons uader t!� `_:•::�
<br /> deciaradon or covenaats creatiu8 ar goveraaiag the condominium or planned unit deveZopment.¢�Q�y-laws and re�ulat�ons ..�,.
<br /> � �ff the t�ndominium or Qlstnned unit developmem.e�d�om�tituent doeuc�nts. ,�•.�:�,
<br /> n
<br /> 9. i�r�ec3to�at�dcr'�"�urity. tf�arcu�s��eits to perform the covenauts end ugreemems a�wrnd 1n �his :;r,;,�;�,
<br /> .�; ...
<br /> , �eed of't'nr.�.or ituiy ocdon or piaaeediug!s commenced vfiich muerialty affec�s Leader's ime�t in We FtoQerty.thea `�.
<br /> . I,endtr. W i.end�r's optton. upon aotice to Bomower, may na�Cc� such uppearn4ces. dishurse such sums. including
<br /> -- ------- - -- • - --• --�- --� --a-- --:-...,.m�..,n..n.,,r,�t nhler'a iate�test.If Itndet iYaui[ed moltSaBe �___
<br /> - ---
<br /> . � B �
<br /> ias�u�a�e a�a coadi�an of uwktng tge laan secu�ed by this Deed of Ttust.Boicower shall pay the premiums requSted to
<br /> m�inmin snch in.�mance ia effact undi sucb dme as tlie requirement for s�cch insvr�nc�term,nates in accordaure whh
<br /> , �� Bor[ower's and La:ader's writtea agreemeat or applicabte law.
<br /> ��. /�ny amwuL<s disb�rsod by LenCer{sursunnt to tlus paragraph 7.with indet+est ttierean.at ihe Note r8te.s6a11 bocome
<br /> additlanal iniebaedness of Borrower securod by Wis Deed of Tcust. UWess Bomower and�roder a8ree there9fr Notbin8
<br /> . � paymsms� such arnoan�s st�all be payable upon no8x from Lender to Borrowee requesdrt8 PaY�
<br /> conmiued in thia�.n�epb 7 sha11�quIte Lend�to i�ecur any eape�e ar take any acdon dereu�er. .,
<br /> s. �peaton� Lendc7 may make�r cQUSe to be made rea.wnable e�mies upon aud inspecdons of the PcopertY. -
<br /> ^ pmvided that�en�er shatt gtve Hnn+na�er nottoe prior m a�y such iaspection s�ctfyinB reason$ble ca�t�erefor eelat�i co
<br /> Lender's intetest in the Property.
<br /> . Kcbrtate 2b8T0�1 1 i�8 Otig1A�1(MCOXdt�� Coyy tesaach) COpy«t/tOm�SI Wtc 2 oi S �
<br />
|