|
., ��i .
<br /> . ' .. „ . ,. '� p.. - .,
<br /> n • � � .. . , , .. .
<br /> _ . „ .. -�rr�rs9?killtll7��. .
<br /> , , _ .. .. .. . . .
<br /> .... .._
<br /> _ -- f3'PACY J NI&9Bl2g1E�?1D KYtEBTEt7B K HELDSRSRblND 6613864 02/19/1999 ' ,. .
<br /> , � • UNIFORM COVBNANTS. Bomowtr and l�ender oovenant And a8��s folloe�s: _.
<br /> n ,
<br /> fl. Finy�temt of I�clpAl �d In4�?. Horrowar shall promptly Fay w6en due the prirtclpal aud inter�st
<br /> .iudebtedness evidenced by tk$Note and late char8es ns ProvEded in�e Nore. � :��
<br /> ,� � a.Fttnds fer�'axcs and 1�uurtutoe. Subject to applicable la�r or a written�aniver by Leuder. Barrower stsall pay co :; - '.:
<br /> r� oe
<br /> ' Lender on the duy maashlY PAYment�of P�P��iatemst are paYsble wzder the Note.undl t6e Note is paid in fiili.a � ,;,,k�4;_.
<br /> . siun(horeln°Funds°)�m oA�-s�velfth of the yeurly wxe.s aad assessaaents(including cor�dominlum agd p4�nued unit ,: �,
<br /> , development��.��Y)��may attain Prlurlty ovEr this Deeti of'I'n�st.and gcound rents on�e P�operty, if � ��: . ..
<br /> anY.Plus ons-twelfth of yearly preminm installm�uts for barard Insuraace.Plus oae-twelfth of yesuly premium 1�staU�nts � R °�:.`'�
<br /> ,�.:: ::_.
<br /> , � . for mnrtgage Insurance, if any. all as reasombly es�mated in�dallY and fmm dme to dms by Leader on tta�obas3s�of `, -�,,,.
<br /> ,�._i�-,;i assess�ents an+d bills and reasonable esdmazes thereof. �orrower sLaU nat be obligated w make such paym�ets �.�;�,:`:'
<br /> _ � w I.ender w the extent that Bomower m�lces suct►PaYmmesnYs to dte holder of a prtor moatgage or deed of uusc lf s�ch holder � ;. .•-:
<br /> ' � is an Insdtudoml leu,der. Es or�ceouuas of which are %!;.�•;; �
<br /> s Funds to Lender. th�Funds sball be held in ao�titudon the deposl �.•_y<�="'
<br /> � If Borrower paY includin$Leu�ter if bremder is suctd an insdtudam).I.e�dsr shall apply
<br /> insured or guarnnte�d by a Fodetal or state agem�Y( for so l�mldfi�mg a� �`�
<br /> :: the Funds to pay said taxes.assess�euts.insuraace Premiums and Srousd Te°ts•�a�y a°t cha�gP ,;,`;,¢��
<br /> , ``;'�: . applytng the Fands,analYai�43 snid axonnt or verifylag and compilin8 said a��s and bilis. unless I.��der paYs �.•;_:_-
<br /> ::',�r, r w make such a cbar8e.Borrower a+nd Lender n�Y a�ree ,,;��:_
<br /> �•��i�::::ti' Borrawer interest on ttee Funds and applicable law permits I�ende =_--
<br /> �����'�y� in wrlting at the dme of exerudon of tbis Deed of Trust tLat intet�st on the Fuads shall be paid rum�3�towet. and uutess �—
<br /> ..,-,�.� ,
<br /> �;�.�; such agc�nt ts made or appllcable law cequires such i�uerest to bs gatd,Leader shail not be rei,gu;aed topaY Bflsrower `„:-
<br /> �::�f on the Fwids. Le�er s6a11 give to 8orenwer,wtthout charge.an amu�ai sccoundmII o�t�Fwmds �l��,u�
<br /> . , � any imeresc or earnln$s e for which each debit to the Fu�s was�ade. '15e �� ace '
<br /> showi�g credits aad debits for the sums s�used by this Deed of Tmst.
<br /> � led ed as edd'adonal secudtY �.�°T�.
<br /> . � �� P 8 le or to _
<br /> ' ;:� If the aanoant of ehe Funds held by lxmder,�toge�di��re monthly ins�ts aff�u�s t�Y� Pn �..,�.�..
<br /> nts�1as�P rencs. shatl exc,eed the amo�mz mY9ulred w paY said --
<br /> . ;�,;,Va, the due dates of taRes. rendums and gmund rems as they fall due. such racaESS shall be, at Bormwer's option. �m*:`
<br /> _ :;;.��".:;�yt� ,�� taxes. as�ents. �ura� � of Fwds. If the amount of the Fuuds .t��;�
<br /> .�,�'i., either prompdy cepaid to�arr�wer or credited w Borm�rer on moraWy iastallments _
<br />-. '�'��t�,' held by I�end�r steall not be sufficient to pAy taxes� assessmems.ius����ce Pre�iums and Sronnd rems as tteey faU due. --
<br /> U
<br /> , � '" to I.ender anyr amount aec�►w malce�the de�c3e�cy in oae or more payments as Lender may
<br /> Barrower s1�a11 pay
<br /> �- t: ��• in full of all sua�stcuted by mis�ac�I ir�Tu�t.l.�ler°.�5--°��-��F'�)y refund to Borrowes an�r Funds ��'-_
<br /> a;�'�`
<br /> ,. .,,�.,..;. ,, - U n payment is sold or the Property is ot�he:vulse aaluired bY Le�er,Lender �■■f�
<br /> . .�r�,.,a��:• � 17 heteof the PmpenY v 1
<br /> : � :r•>:,� , . : held by Lender.If under Par�P� don by Leader.anY Fmuds held by
<br />- ' �c`:"� � sUatl apply. ao later tLan imnoodiatelY P�tor w the sele of the P�+oPertY or its�
<br /> Lender at the time of a�plicadon as a credit against the sums socured by tLis Dced of nts rooeival by Leuder under the
<br /> 3.A Itadton oS PaJmao�. Uniess appllcable law pmvides othenvise.all PaYme
<br /> � . � Note and p�a�pbs I and 2�f sball 6e appuod by Lender 6rsc in payment of amonnts payuble to Lenda by Borcower
<br /> . wider Dae�gceph 2 hereof�d�ea to interest PzY�le on the Note.aad ttren w the priadPal of the Note.
<br /> - � 4. 4etor Mort��nd Deab of Tnstt Caar�t L�• Borcower st�all Perform ull of Borrowu's obligationg
<br />� ���,:. - e. deed of ticcnst or othsr sxaultY a�a��wlth a lien which bas priorIty over this D�d of Tn�st.
<br />=—t�•,. .... , woder tmy mnrtBaB �n due.Susower shal!DaY or cause to be lwid all taxes. assessments
<br />:'�:,�t, , :°� ivc l u d i n g B o x ro w e r's c o v e ra n t s t o make P�Y� whlch msy a t a�i n a p r to r i t y a v e r t h i s D e s d o f T e u s�
<br />�'��•="�-- snd wher cLsrBes•8aes and impostdoffi atteibutable w the PcopertY
<br /> .M.{,;,
<br />`�""�":--r� and leasehold ptYme�s or gi���'�����w exi�xi�v8 or hereaRer� an t4ts PmpertY
<br />„�.y�-�.,-: _��� �. Ba�asd Imw'+wo� •
<br />=�`�``�'�`�- Insured againsc toss iri►9re.luusrds inc�u�wlthin tLc teim'a�anded oavern8e .and s�icL other harard4 as Lender maY
<br /> cequite and in sweh amovats and for such perlods as I.ender maY[�eq�re.
<br /> -��:���i�:f due in�iraaos sball be choscn by Bflrrower snbjat w aPPlowal by Leuder;pmvided,
<br /> __._ _ T�t i���T P��B 1 wlth�efd. All imuranoe Poiides auu iw�rato�.-r.�f�al! �in s fom� `__.
<br /> v� �`:�a,. that s�ch apProwal shall noY be uaceasomtb Y
<br />'�;�-'�,..~�~ I� acoepqtble to l�ender and shall inclvde a standard mortg�8e clause in favar of and in a fomn acceptable�o Lradtt. Lender �:r.�
<br /> :...���. deed of tcust or other
<br /> -_-= shall have ttae r�ght to huld the polides and reneaals t6eceof.sub3at w the amos of sup mortgage. --
<br /> _ __,;"°�;`_�� -„�„�..�,..,-.��meet�id�a lie�u1!tch l�as prIarin►over this Dced of 1Yust. �i,;_;
<br /> - In t�eveui oi tass,Sarm�r�°'° �e�gr�s�n►d�e iasvcmoce caaler and t�mer.t.ender w,.y�;.�:ca€
<br /> -,.���.�-:�,._, of losa if nnt made pmmptlY bY l�n�cow�• nd to I.ender wltbia 30 days fmm the date
<br /> : _�,...._..._._;.�.: is abando�d by Bomower.or if Bormwer fails to�e.spo
<br /> ;;..�.:-1i:..•.: ;.,; If the ProPertY offe�s to seute a ci�im for in�imnce be�Sts,I+en�is
<br /> _ - .�.._..�i;�.:,i� nOtiOe is mailed bY Lender t0 BoilOVVer that the insura�lce Catde'r
<br /> i
<br /> y''''�. .. awtwr�Zed w colloct and apply the insuiance pru�ls at L�er's opSon either w restoradon or r�epair of th�e °r --
<br /> :;};°;';;, '�'; to d►e snms secused bY this Deed of Tsu,ct. �Q;� C�n�7�: � Untt Aevdopme�ts• - _
<br /> . �`.�;',- . 6. P�+esarvat�on anfl Matffie�noe of Propert9i �n daedolatton of the ._
<br /> ., ��_�. Bonower s4�111cs�P tbe Prop�rtY in 8��P��shall aot oo�mie waste or permit impaic�eat � _
<br />- �u�'- property a�l s'�ill comply r�Ith ths pmv�sions of a�r lease if this ID�of Trust is on a IeaseholQ If this Deed of Tmst is `
<br /> � on a unie ia a condo��a planaed unit development.Ba:rower shaU perfoim sU of Boaower's obligatioas wtder the =_
<br /> � _ �' declaradoa or oovenaats cceadn8 or Savemin8 die�ad°n°im°m°r Planned u�t development.the by-taws and reguladons __
<br /> - of the coada�or plaw�ed uatt developm�nt.and coasdituent documents• wmAined in tWs =
<br />_ � 7.Pirotec�ton of Leada's Seanity If Botc�ower fails w perfoim the covenau�and� °�_
<br /> .. ,-� �,�a.s T.�,�er if amr aaion or D�fl8�0°�°��ch�a11Y affa�L�ndea's interesa in ths Pcoperty.taen -=
<br /> •-�- ------- -= dielnnra mtclf stim4. �IIC�tl�ll� `
<br />— ��---__��-� L�CI, 8t LCIIdCf�B Ogi�011► �n IIOt�CC LO BOIiOWCIs �Y �� DECL�Bf�S�ffiCTeb't.If��Q�'��� ��=
<br /> � reasonaUle auoraeYs' fees.affi take snsh acdon as is n0oessn�Y P �
<br />_ ;: . ;ns�n�as a�don of�aldng the loan secuted bY tWs Dced of 1�st,Baam�vec shall pay the P�w[th �'
<br /> �Y,;�,�.� maiumin sttch insurance in effect u�dl snc� tlme as the req�d�e�fot snCh i�vram� � �;;:
<br /> ' �� K..
<br /> . :�;��� Bornower's and I.end�c's wrlaen agseem�t��3i�° �" a. at thc No�e rate,s6a11 bec�� �,
<br /> — ` f.+�:�� ����by Lender p�usuant to this ParnB�Fb�• wlth interesc the�eon. t@ oil�r tetms of
<br /> _ � s,,,, .. .
<br /> `.4i S� additional iadebted�ess o f B o r r o w e r s e c u r e d b y t�»eed of Tmst. Unless Borrower antl Iauder agree t�rtof. Nothing �;�
<br /> - �� PaY� � � � ���le�°II �flce from I,endec to Horrawer roquestinB PaY�� ;,:':
<br /> 7 sball�egu�e L�er to ic�cur any expense or talce anY acdon heteunder• ons of ffie PropertY.
<br /> � contained in ttus paragraPh �ke or c�nse w be made r�onable enndes upon a�ed ins�d
<br /> � 8. Ia�pedton. Ixnder may A ,�h i don reasonable cause tLeretor retated to
<br /> o -- - - -_-- provtded tbtu�ader siisii gtve aorntw.r�iCe g=ior ts►�y&!- �IT� ���
<br /> I.euder's interest in the PcopertY•
<br /> q; 2otS
<br /> — Neumaka26876-4 tros Origiaai(RnaosQed) Co�►(sranah) CopytCufltoaier) � �..
<br /> ., - —
<br />
|