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<br /> � ��� ���a� (Pnge.2 c•4 S) . : ..
<br /> TOGE'THER with all tho im�rovements e►oa or hereafter etected nn tho property, cuid nll easamente, rlghte. �,
<br /> ` nppurtenunces nnd renAV(suT�ject however to the tfBhts ruid uuthorities gi�en�h� b thie Deed of Trusrn nd u�l nQ thv ��
<br /> rente),all uP whlch eho11 be deamed to ba und remn�n n part of the propa Y Y
<br /> ioregoing,to�ether Nit3�snid proper4y (or tha leasehold esWte it thts De�d of Tr�t!� an� learehold) uee heroinniter
<br /> � refetred to us the "Propetty."
<br /> Borrower covennate that Borrower is lanf�lly seised of the eswte heseby canveyed and hus tho riQht w arnnt and convey
<br /> th� Pro�erty, und that tho Pro�rty ie unencumbsred except for encurr�branca of record. Borrowec covenants thot �;,� •:
<br /> Borrower narrenta end witl dc?cnd geneenity the title to the Pmfserty egaiuet n11 claims and demunds, subje�ct to
<br /> � • encumbrances of record. -
<br /> • LJNIFORM COVBNAN'I'S.Bonower end L.f3nder covcnant r�nd agree as followa
<br /> °'�' '�� ' 1,Puymeat�o� t°ti�Cl�t and Interest. Borrower shall prornptly pay ahen due tha principal and in4etest ,�
<br /> •�� indebtedness ovidenced by tha Noto. jncludin�any vnriatioas resulting frosn changes in the conttact cnto, and athsr
<br /> " oheit�es as provided in the Nota. �.�
<br /> ' 2.Fuads �or Taios and Inuumnce.Subject to applicsble Ic►w or written Qvaiver by I.ender. Borro�ver eht�ll pa►y ta .��.
<br /> Lender on the duy monthly psymeata ot priacipal and iaterest are pa,yablo under tho Note,until sha IJots�a paid in tu➢t, '�:;R;
<br /> a aum (herein"Funds")equel to one-twelfth oi the yezuly tases and ass�smenta(includiag condaminium und plaaned `',_.5,._
<br /> u
<br /> utvit develapme�tt assessmenta, iY any) whlch may attain priority over tttie Dt�d ot Trust. and Bmund reute afi the ,.. ;
<br /> � property,ii s�ay� plus oae-t�alfeh of the yearly premium installments for h�ard iasuraace. plus oae-rnalfeh of yeurly �..�=
<br /> � a a
<br /> � p�omium insstalimeats tor snortgags insuseace,if any. alt as reasonabiy estimated taiti�aily and imm time ta t�nne by �
<br /> tl
<br /> � � I.endee on the busis of assessmente aad bille aad reasonabl8 es2imates theseof. Borro�rer ahall aot ba obligated w make `'� '�:�
<br /> ' s euch payments of Nunds ta Loader to the eatent thnt Hurruwae h�akea euah paqmcnts tv t6e holder of a prtor mortga�o :�',"
<br /> ,,, � or deed oi trust if auch dolder is aa tAadtuttoa�l lender. u;f;(:
<br /> Ii Eorrower pays Fuada to Leader,the Funde shelt be held in ass inssiturion the deposite or nccouats oi whicb ere
<br /> ��;�3,�. :" � iasured or guarenteeit by a Federfil or etate ngency (�ncluding IAnder if Lender ls q�c�h aa iaetitution).Leadar shall apply ,_
<br /> the Fuada to pay eaid tazes.essessmente� iaeusaace Pren'dums end�ound re�ats.Lender may aot charge for so holdiag '�
<br /> . � � and applying the Func'i�,aaatYziag said accouat or verifyiag and com�piling said asessmenta and bills,ualess L e a dar pay� _:_
<br /> � Horrower interest on t6e Fuads ead applica'�le law perm�ts Lender to make such a charge. Borrower aa8 Lender mo,y
<br /> � �� agreo in NrIting at t�e time oi ex�ution oi this Ueed of Truat tbet interest on the 1�uada shall be psid to$urnaaer,nad .;�,
<br /> � unless such agreement io meda or applicable laa requires euch interest to be paid, I.ender shell aot be required to pay �._�._,
<br /> � ' Borrower eay iaterest or esmin�s on the Funde.L811dC7'R�18I1�VQ LO BOMaNCi,Nlt}lOUL CII81'g8,aa annual accouat�ag oi _;;...o.
<br /> � • � the Funds showiag credit� aad debit�to the 1Fuada and tha purpose for wbieh each dabit to the Funda wae mnde.'fha _
<br /> .,.
<br /> ' ; �� , l;unds ete pledged es additivnat socuriiy Ec�r inio v��s sa.-ursd!sy this D�d nf Trt:..�t. ,
<br /> , ,� If t?��amouat of the Funds h$id by Lender,togethar with the futuce moathly insteliments of Funda paynble prior W __
<br /> � the due dates of tasas. assessmonta, insurance premluma a�d�rouad renta,ehdl oxcard the amnunt requiro�co pay said �.
<br /> ?�j,��(: k teaes, �sssessments,iasureaca p�rmiume aad grouad rents as they faU due,such�xcess shall ba�nt Borc+mw.ar'e opdon,
<br /> � either pmmptly repaid to Borroe�er or credited to Borrower oa mcmthly tnsctellments ot Fuade.If the amavnt of the _
<br /> m
<br /> :, ''. Punds held by Lendar ccl��all not be suitictent to paY tasea,e.s�smea�s�ir�sumtbc°premivms aad�touad reuts ae they fal! -_
<br /> 1
<br />� .`,` �� �� due,Bonower shsll gay to Lear�er aay amount aecessary to make up the detioienoq ia ona or more puym�nts ae L.en�er =__
<br /> may require. �..-
<br /> ,. ' �. Upa�n payment in�ull of alt sums socured by this Deed oi Truat,Le�►der shall promptly res4uad to Bonon�t any fuads k, ,
<br /> P
<br /> ""'� held by Leader. If uada paregeaph 17 hereof tha Property is dold or tbe Pmpercy ia othera►ise acquired by I.ender� . _�
<br /> � � Leader ehnll apply,ao later thaa immediace��prtor w the sale oi tbo Property or ite acquiaitima by Leader.eny Funda _
<br /> ,� ,.' � h�ld by Lender at the time ot application ae a ctedit ag�iast tho sume secured by thie Dr.td of Trust. _Y
<br />_ , 3. t'applicetioa of Paymen4s.Ualesa upplicuble isw grravides otherevise,all paymente c�eoeIved by Lender uader the
<br /> �.s= . -� Note and paragraphs 1 aad 2 hereaf ehall be applied by Leader fiist in pziymant oP amounte puqabla to Lemder by
<br /> Brnrower uader paragreph 2 hoteof. then to interest paynb2e on tha Note at tbe applicable coatrxct rnte,and thea to the =
<br /> - � prIactpal of the Noze.
<br />-' *�� 4.Priot Mortgcges aad Deeda of Trust;Cherges; Liena. Borrower s1iaU perform all of Bortower'a obliBatioas __.�.
<br />� ,;;,c<s, .. ' —
<br /> .� �,{�;�'. vader aqy mortgago� deed ot�z�ust or other sxudty u(�reen►eat wi4h n liea whicb fias priority over thie Deed of n�st, �
<br /> `�.�i, iaclt�rling Hotrower'� covenants to meke p�uyments when due. Borroaer ehall pay or caisse to be paid nll taxes,
<br /> . ,._�,;i� _--
<br /> � '`'"" 1�� e�smeats end other charges� fines aad impositioas uttributable to the Property Nhich mc+y ottaia n priority ovet thie -
<br /> _-.;..:..s.:'•..::. ,ai�'���.
<br /> � .. _.��: I�eed of'1'rust,aud lessehold paym�nt�ue ground rrn�,if any. � -
<br /> , ` " �. ' S. $tt�rd Insura�aca. Bortower ehall �ceep the I�iprovemcnts coc� eststin� or herenfeer erected on the Propei�ty �y_
<br /> "';�;�.,�. � �nsvned ega�nat loss by Cre,�iazerds tncluded aithia the term "exten d e d covern�e,' aa d suc h o t her h a�t+r d s o s I.e ader �ry
<br />� ,!:',��. �ay rcquire aad In such smou��s and{or auch periods aA Leader muy req�tte.
<br /> .. i��.Itivy- .i .�t
<br /> � The inaurance carrier providing tho insurance ehell be chos�n by tbe Bomower sublect to apprmval by Lender; �-
<br /> . .�;.
<br /> provided,that�a�h ag�proval sholl not be unreasonably withheld.All insw�uacv policies and n^newols shercoi ehall bo in a �::;'
<br /> � ���' Yorm accoptablo 4n�L.�ndes a�►d ahell inaluda a stnndurd mortIIngo clausa ia tavor oY and in u toren acce�tnbla to E.ouder.
<br /> � >�""'� ' Lender ehnll have the ri�ht to fio]d tha policiea nnd r�newale thvreof,subject to the tarrna of aay mort�s,deed o4 truat ;`
<br /> •,,,.�, ,,,:.
<br /> 'i••:�.;;.: or other secudt3+agreemeat amt�n liea whtch hes prioriey over tWo Dced oi'Y'rust. �.•:
<br /> �•�'� ' In tho eveat of los9,B�rro�ver►�2►nll�ive prompt noaice to the insurance ranier and Lendnr. I.vnder moy mok�preof
<br /> ����`�� of loss ti not mnda promptly by BorroNer. �•
<br /> � Unless Lettder and Borrower othernise a�ree in writing,insurance proceed.v sha11 be spPlied em restomtiun or c+epa►r oi -
<br /> the Property drimnged,if tha restoradon or repair is economically teaeibia rind L.e ndep's aecurity is not leasen e d.I t t h e :
<br /> _-, --=�:� ��,u�a Qr!�i* +a nnt economically{easible or Leader's security w�uid ba lecsenod,the insurnnco proa�ode shnll be
<br />- _�_ _ ��t».�65�C.....«w i..a�►�u.v�unf mhvfhe�nr nnt t}1eY1 dtftl.W1L11�l1V 9YC2ffi QSId d0 BtIfCUW6t'.� !�'�_
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<br /> '--�----- -�- ---� 8�1tW W 6IW atltUO awuiw v� •uso w..w..� .......».._...� ...�.Y� _..--- �- ---
<br /> Borcower abandons tha Propecty,or does not ansaor�vithia 30 duys a aotioe trom Lender that the tnsurnnve cncrfer has
<br /> ° oitered to sottte a cDaim. thon I,ender mny collect the insurenoe proac�da. Lender mny vse tha proceeds to repair or
<br /> � s�eatote tlia Propertq or to pay sums secured by this Security Instcumcnt.ahether or not then due.The 30-day period c�rill
<br /> ' begia�vhen the nodce is�ivett.
<br /> ia
<br /> " If the Ptoperty is abandoned by Borrower,nr if Bor�rower tails w respoad to Lender within 30 daya 4rom the dnte
<br /> nodoe(s mniled by I.end�r to Borroaer thnt the insuronce currier otlers to settte u claim fior i�surnnoe beneiite, Lendet
<br /> „ es nuthorized to cotlect and apply tho insurance prooeeds at Lander's option either to restorntion or repair ot tha
<br /> •- Prope,rty or to the aume secured by this llced oY Tn�st.
<br /> ` �2-�8-99�Ol' NEU07992
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