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<br /> - =--- 93� 10�'794 �
<br /> . ,
<br /> -- - ___.�__, UNIFOR�i COVENANYS.Bo�rnwrr r�wi I.�r cavarunt and aflroa�sa fottowa: �_
<br /> _ 1. � 1 el'eN�i��l�e�d InM�MI. BOtlow�r�h�ll M�PpN P�Y wAM dw ths Wmc�pai of mo ma�rrst on ti� _—
<br /> - : • r.:• Ifld�bfd�AVidMGldlll►IMNOI�.IN�W lafldld�ChWQN�tp►OVld�dirltll�NOM.�ndlh�prM�Gpa1o1�1dinlKMton
<br /> . �ny Futun Advanas s�aund by�M of Trust
<br /> .. wsh�r Lendu,8ortowKaludlpaytol,+�nd�r
<br /> .Su �c/to� Ilcabis I�w or
<br /> to�w�iM�n bY
<br /> �. fwNNlorT�andM�wMa PP
<br /> r onthsd��mon�qrinsWlnNntsolp�InWP�•ndmtKaeu�aY�und�rth�NoM.untilth�Nol�bOUdi�fuu�awmlhKMn �
<br /> "Fundi")p�ro��•�MAh ot Ihs yearly t�xq and�m�nts whlob m�1r aftsin pdoriry owr tbb CMd ot Tnn�pnd
<br /> ��• proundne�banth�P�op��ty,itan�.plu�on�•1wNUho1y�nypnmlumin�allm�nttlorhuardlnsunoca.plwaM•�wMllAof
<br /> �'�::r; yN�t�y pnmlum i�tt�llm�nb M�moAp�pa inauronca,it�ny.�II���Maon�biy MHmnMd MlqNly�nd hom Grtw b tlnM by
<br /> ,:• ;.�,�� L�tK on IIM ba�it o1 u�tnwnts andWOs�nd re�wnabN qqmaMs tl�snot.
<br /> -- ' Th�Fundi�hallb�Mtdlnanln�fiMfo�thed�po�itsoreaaount�olwhichanlnwrsdao wnmlesd.by�Fede�lorWts
<br /> `�'���;---' ���ncy pncludlnp I.MdK il Lsndsr It such en fmdtudon).I.�ndK�11�pply the lund�topay Mid q�xa,��anNnb.
<br /> t=—�---, IheFUnd�,�ndyslnpa�W�aaount _
<br /> 'W��:.,�f� �� Irnur�nc�pnrtiiumsandgroundronte.Lende►meynotahergsforeohotdinp�nd�pP4��0
<br /> ��!+.�;:'`.. , . ^.�..,� orwrthrirgardcanpt�WlQa�daa�sunonbendbille,uelessL�ntNrp�ys eonow�Int�ratonth�Fund�andapp1Ia�bNl�w
<br /> p�n�I�4�r qn�w,cA�char�p.Bonowarand Lendsrm�y�preein w�idn�et the dms of�x�cuNonof thhDwd of Tnnt
<br /> -- , w11 irM�st ae 1�Furds W�ee p�id b BoROww.�ed unlaa auch aprsanent is m�ar�DpUcolbs lawroq ul►M wch ---
<br />_� �.,,�• ' in�pt m bapaid l�►s�t na a nquind fa p�f�orrO�r�r any Mte►eat or e�rnin0�on Ihi funds.Lender sh�l I piw to _
<br /> - . �,��_,....,,`,,��..3.; 8wrowe,wlthouf af�s�,�n snnwl accw�ntiag of M�s FunO�snoMr endlts md dsbfte to�s Fund�and d�pwpo��ot
<br /> �;, �, ` whichachd�bitrotMFund�wum�M.TMFundsar�p�d�W�sa�di�o�s��hl�arthesum�saaurbbyfhhONd
<br /> -- _- a�i'r'�►;ur';r'a+'
<br /> •• �,w�c..�..;,;,_��• T�If ths�mount ol ths bndihetd by 4u�der,topether with ths tutura monthh in�0"rnenb of Fundr pa�rable prior to tlwdue
<br /> " �i. - d�hs ol t�xa.�swafmsnb,l�surence premiums and pround ronts,shaU exce�P dw�nwint�puirod to p�y Y1d hx�s.
<br />- �,i ` � ' �ssp�m�nb,Inswanp premiums and ground ronb es thay fell due,sucb exeess ehW b.�18orrowet'�opdon.Md�sr �;:
<br /> promptly r to 8ortowK o►credibd io Borrower on mo�hly insallmaMs ol Funde.If th��mount of tM Fueds heldpy ���=
<br /> ' ' , Lendsrih�°Pno d�wtnciemrowrmxes,esaes�menm.inaurancepremiumaandgraundronb�sthe�rfalidue8orroww�haf1 °
<br /> . .. pey to Lender Any�mount neceasry b m�k�uP ths dNiclency within 30 d�ys from tM dsM�is m�iNd by Le�Wr to ��=
<br /> : �,.� ..� � eortower reaues�w wrmm�m.reot �}=:
<br /> Upon paymentM full of aA eum�secured by this 0eed of Trus1.Lender ahell prompdV►etundta 8orrower any Funds hetd by
<br /> �" ` � Lander.du�de►peragnphl8hereoltheP�ope�ty iawldorthePropeA_yisothsrwiseacQuiredbyLender,LendershNlapply. __
<br /> •� :•.•,. �. noli�lh�nimm�diatNypdortothefaleofthePropertyoribac uia�tfonbyLende�,andfundshetdbyLenderattheNmaot _
<br /> �ppticatlon as a credit e�alnet the aums aecured by this Oeed ol�ruet �
<br /> � •� • 3. AppOo�UUaid P Unlesa appliceble lawp►ovides otherwfse,all payments received by Lender under the Note h.:���
<br /> a ble to Lender b Borrowe�under
<br /> � ° -- � end parapraDhs 1 and 2 ereof shall be epplied by lender Nrot in payment ol amounte pa�ra Y �,�
<br /> �• , pa�ag�ph2herlal,M�rltolnt�►estpayebleontheNote.thentothepnncipaloflheNote.andthentoinbnstandpnncipalon -
<br /> ° a�y Future Advancss. --.-
<br /> 1. ����.L,I�.BoROweroshellpay elltexes.eaaessmantaa�dothercherges,lineaan�impoaidonsatdibutabtetolhe
<br /> •� v Properly wlfich m�y aqein e priony over this Deed ol Trust and leaaehold paymente or ground renta,if any,ln fhe manner .�
<br /> , pravided undsr peraynph 2 hereqf or,if nof va�d in auch manner,by Borrowe►maldnqpaymen�whan due,direcdy to the
<br /> �'' p�yee thereol.8orrower ahal promptly lum�a. �o l.ender all notkes ol emounts due under thls peragraph,and in thA evant �_�
<br /> - � _---= Bonowe►shell meke•p�yment dlrecpy.bor�aw.��snaii prompUy fwniei�i�, Lender recetptL ev�dancing suCh t!aysnenq. `��°"
<br /> 8orrower ehall promp U y ditcharye any lien w h ic•r.nAa pr ior i t y over t h l s D e e d o 1 T r u e�p r o v i d e d,d u:t B arrowe�ahall not be
<br /> � requiredtodischergeany 9uchdenaolongas8orrawerahallagreei�writingtothspaymentoflheobligatlonaecuredbyeuch �..'�
<br /> H e n i n a m a o n e r e c c epta b l e W Lender,or ahell In good faith conteat auch Ilen by,w detena enbrcement of such Aen in,lepal
<br /> ' proc�eding�whfch operete b provent the enforaement of the lien or foAeldxe of the Property or any pert lhereot. _--
<br /> ' d, Il�sard Imw�11c�.8orrower ahall keep the improvementa now existfng or heroatter erscted on the Properly insured ---,
<br /> eqeinst loss by flre,haiarde included within the term'extendsd covarege",and auch other hrzards aa Lender mey reqwre
<br /> and in euch amounb and ta such perioda as Lender mey requira;provided,that Lender ehall not r ulre that ths amount of �:�
<br /> �, , such aove►ape exceed that emount ol coverege required to pay Ihe wms asc��red by this Oesd ol�iueL
<br /> Thielnaurancecernsrprovidingthelnsuranceahallbechoaenby 8onowerwbjecttoapprovelby Lender,provided,that ;,�''
<br /> r ' 8uch approvel ahoN not be unreesonably wfthheld.All premwms on inaurence policles ahall be peld in the menner providad
<br /> , ' under perayreph 2 hereof or,if not pe�d�n such manner,by Borrower makinp peyment,when due,directly fo the�nsurance r .°
<br /> ����� '. canier. .
<br /> ,� • All Ineurance policles and renewels thereof ahell be in lorm accepleble lo Lender end shoN include a standa�d mongage '
<br /> oleuselnfavorolandinformacceptebletoLender.lendershellhavetherfgnttoholdthepol�ciesandrenewalsthereof,end ��
<br /> i° BoROwer ahell promptly lurniah to Lender all renewal noticesand all rece�pts of pefd prenuuma.In the event ollpss.Borrower
<br /> � ahall glve prompinotlCe to the�nsurance cerrier and Lender.Lender mey meke proof of loas if not mede promptly by Bor►ower. �
<br /> % • � UnleasLenderandBorrowerothervuiseagreeinwnling,�neuranceproceedsshallbeapplledtorestoratlonorrepairoHhe
<br /> ��;�;;:; Properry dameged,provided such reatoratlon or repau fs econamlcally leasible and the aecunty of thls Deed ot Truat ie not
<br /> thereby impalred.If auch rea►o�at�on or repa�r is nol ecenom�cally feasible or�I the security of Ihls Deed ol Truat would be �
<br /> � � � impaired,the�naurance proceeda shan be appl�ed io the sums secured by th�s Deed ot Trus�,with the excess,if eny,peid to ;
<br /> 8orcower.lf the Properry ie abandoned b 6orrower,or 118orrower feils fo respond lo Lerder wilhin 30 days from the dete �
<br /> noace is meded by Lender to Burruwe�tXat the�nsurance carner oHers to setlle a ciaim for insurance benefita.Lender ia
<br /> ButhOrlied t0 ColleCt end epply the insurance proceeds et Lendei s opt�on eilher to restorat�on or repair of the PropeAy or to �
<br /> •• the auma aecured by thls Deed of Trus1. �
<br /> � Unleas le��der end 8orrower otherwise agree in wntfng,ony such appl�cat�on of proceedslo pnncipel ahall not extend o�
<br /> poatpone the due date o1 the monthly inatellments referred to m paragraphs 1 and 2 hereof or chenge the emount of euch
<br /> matallments.If under para�aph 18 hereof the Propery is acqu�red by Lender,all nghl,tfMe end i�terest ot Barower in antl to
<br /> anylnauranCepoNCiesendlnantltotheproceedsthereofresulbngf►omdemegelotheProperlyprlortothe9aleoracquieftbn �
<br /> . shall pesa to Lender t0 the extent ol the aums secured by this Deed ol Trust immedietely pnor to such sale or acquisftion. .
<br /> ,� ' 8. PrNxvatlon and M�Inl�n�ne�of Prop�Ny:Lea��holds;Condominlums;Phnn�d UnNMwlo U.Borrower ahell i
<br /> keep the Properry in gaod repau end shall not commit weate or perm�t ImpaKment ot detenorotion o the Properry a�d ahell
<br /> � • comply with the proviaonsdany lease 11 thls Oeed ol Trust�s on e leasehold.If thia Deed of T►ust is on a un�t�n e condomimum
<br /> • or e pfanned unit development.8orrower shall perform all of 8orrower's obligat�ons under the declaret�on or covenants
<br /> ! • creatlng or governing the condominium or plenned urnt development,the by-laws anA regulations of the condominium or
<br /> , � t '� plenned unit developmenL and constNuent documents.II a condommwm a plan�ed umt development rlder is excuted by
<br /> Borrower end recorded tayether with Ihis Deed o1 Truat,the covenants and e reernents of such rlder shall be fncorporated
<br /> into end shall amend and supplement the covenanls and agreements of thla�eed ot Truat as ff the rider wete a part hereof. .
<br /> � ; , 7. Prot�cfbn ol L�nde'�S�eurNy.N 9orrower lafls to perlorm 1he covenanls and aqraementa conteined m this Deed of �
<br /> • Truaf.or N any actlon or proceeding is CommenCed w�th materially aflects lender'a mfereet in the Property,Including but not .
<br /> . Iimitedto,eminentdornain,insolvency.code enlorcement,or arrangements or proceedmgs involviny a bankrupt ordecedent,
<br /> then Lender at Lender's optpn,upon nolice to 6orrower,may make such appeara nces,disburse suCh suma anH take euCh
<br /> � r aCtlonasfsnecessarytoprotectlender'sinterest,�ncludlng,butnotl�m�tedto,disbur�ementolreasonableattaney'sfeesand
<br /> , ., entry upontheProperrytomeke►epairs.11Lenderreqwredmortgagemsuranceasacondlt�onofmakingtheloenaecu�edby
<br /> � ' the Deed ot True4 8orrower shall pay the premlums reqwred to memtain such inaurence in eNect unt�l suCh tHne ee the
<br /> requ{r8ment1or8uchinsurenCetermmatesinactordenCew�th8orrower'sandLender'swnttenagreementaapplicalbelew
<br /> Bonower ahell pey the amount o1 all moAgage insurance permiums�n the manner prov�ded under paragraph 2 hereol.
<br /> +-; �_ _ .J Anu mm�unt� d�ahur�ntl bv Lpnder Dursuent lo this uaraarauh 7. wdh mtare�t thereon, shell become edditlonal
<br /> , .� � indebtedneeeolBorrowe�securetlbytn�aDeedofTrust.Unl@ss9orrowerandlenderagreetootner[ermsoiDaymeni,auc�
<br /> emounte shell be pay8ble upon notice Irom Lender l0 9orrower requesting payme nl hereof,end ahall beer mlereat from the
<br /> � dateofdisburseme�taltneratepayablelromtimetotimeonoutatanumg pnnc�pa�undertheNoteunlesspaymentofmtereat ,
<br /> , � at such rate wouid De contrary to appUCable law,in which event such amnunts ahell beer mtereat at the h�ghest rate
<br /> permiaafble underappncade law.Nothing contained�n thls paragraph 7 shall requ�re Lender to incur anyexpense or fekeany
<br /> ,�,� actfon hereuntl�+.
<br />- F-- E. lnspee!lon.Lender may maa�or rnuse�n be m�da rRns�nahle aMnes upon and mspeCbons of Ihe Prnperty,ptovided
<br /> � Ihat Lende�shall gwe Borrawrr nonCe pnor to any such�napection speatymg reesonablecause theretore relaled to Lender's
<br /> , � intereet in the PropeHy.
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