|
.._��.. .:�� . r lry. a� '.:.,�,_ � . i,r]n-'-fJ� ..�i : .it.. r t1".t t <<;-.•.�-•----
<br /> y
<br /> v f i-1. .. -.__._ =ta�r�+r�rrcm;�: .. _._.^'T_.,. . ...i .c_r . ,_,—. _ .. — _ - .._
<br /> 1 �'{/
<br /> �i�]I Q ._,._ "___�"�_._..
<br /> _ ___ ,_� If Bortower ptyi VunAt to LenQer,the FunCf th�ll ba held In�n inttttutlon the de�i�or���ti o v$h�ro �
<br /> IacuteOotQuutnteedby�FeQu�lont�te�yeneyOncWAlnyLenAeNfLenAerbt¢cr�nlnatlmtlonbLenQor�h�ll�ppty `"° ° ` "
<br /> ____ �he RunA�to pty�aid hia,tsstumenn,lnsun�ce premlums aM g�wnA nnu.Lender ma)not charge far�o holEing _
<br /> �n0� ptying the Fuadt,andyzing nid wcount or verttyfng�nA complltng niA muumaau anA bi1�,ualas LenAer —
<br /> _=_ _ _ pxys�rtowat tnterest on the Fund��nd appliabla kM peimta La�der to m�ke wch�chage.Bo�rover uid LenEer �- ---
<br /> °-- mq�gree In�nitlny�t the tim�ot e:ecuHon otthf�Oad of 7Ywt thu intonri on the FunOnhul6o p�ld to Bortower.
<br /> ;-�;;�Y.� and unien wch�grament i�made or aypliuble Iaw tequima iucA intesat to bo p�W.Lender�ddl not 6�rcqulrtd ��V_—
<br /> =;,qt,� to p�y Bortower any Intetut or aming�on the FunA�.Lendet�hdl gire to BoROwtr, u�lthout chugo. �n annual —
<br />:;;::�;,F.� auountingoftheFunGsthowingcrcdivandGeblblothoWnAaandtAepurposeforMhkhwcbdcbltrotheFund�was -__,
<br /> t meAe.TtiaFundiaropleAgcde�addltlonel�ecurltyfortAsiumsiecuredbythliDeedot7Yust. "�"'- , __.
<br /> �=��� If the�mount ofthe FuM�helA by Lender,together�vilh the Poluro monthly Instalimenti of FunM ptyable pdor to
<br /> ��r'` the due dua ott�te�,�uaumenh,insurance promlum�and ground rcnts.�h�ll excud the emount rsquired ta pay sald n s ��
<br /> 4j'iw�y�J��i-�
<br /> f'�';Ir� tusa,euasmenta,lnsurance prcmlum�and ground ronb u they tall due,cuch ezcesa tha11 be,�t Bortower'�opHon. � ,�. �
<br /> r; ')« ehhet promptlr ropaid to Uortower or credited to Bonoeer on monthly installmenn ot Punds.If the amount ot�he i ?��1`„
<br /> t �'r��- Fund�AeldbyLendet�hallnotbeiutfidenttopaytup,esussmmtt,lnsuranceprcmtum�andgroundrcntsutheyfall ��1i� �" -
<br /> "+ • due,6ortoxer thall pay to Leoder any amount nettuary to make up iM deticlenry fn one or moro payment�es Lender �:_�y�,,,�.,�-+�:��-
<br /> :'i,��� m�y requirc. °. ,:
<br /> :`��$? Upon paymmt In full of eli sums eecuttd 6y thh Dad otTnnt Lender�hall pmmptly rePond to Bortower any �,��'`�'°�}ry,�;.
<br /> � Y} Funds held by Leader. If under paragaph 17 he[eof the Propecry b sold or the Pcopert�is ofhenriu acqulrod 6y - r�
<br /> '�`�"$, Lender.Lenderiball a 1 .no later than tmmediatel dorto the ule of the Pro or ia�c ufsition b Lender,an ��r�` �����
<br /> A �f FLndsheldb Lenduetthetimeofa 11catlonesnttMite slnttihe�umstuuttAb 1hisIkMofTrust.y y �r�4'�+t"�'� ?J `'�`�s'� ��
<br /> <,3f;;�:�c Y PP B Y 3.?,t4��xi,yYt'��Ay'-
<br /> r 3. Appikatbn ot PqTmca�. Unlas applicable law providca otherwim,ell paymenta naired by Lenda undu , ttS*
<br /> y --:'- tha Nota and puagrapAs 1 and 2 hcrcof�hatl be applied by I.ender Ont in payment ot amounta payable to lender by -�� _=-- -
<br /> i s T.�} Bortower under paragraph]hereof,thm to Interost payabl�on the Note,and then to ihe pdnclpal of the Nota ��t_(�r � ,,; - _
<br />_'.';t+>t���" 1. PAor MortY�ia �nd Deedr ot ltntt C6u;at Lta�. Bortower iNil perPorm all of Bortower s obllgaHons ��tr`��h;�>;ft,,��;._
<br /> s ?r�,���-� under any mortgage,dced of wst or other security agreement with a Iien whlch his priodry ova thif Deed of 7Yus4 ��sY,� ,t�� _
<br /> r.";;r$�, Including Qortower's mvenenn to meke paymenb when due. Bortowor�hell pty or ¢ause to be patd �0 texes, ,: s��"�� '.
<br /> f� .-_�� assessmeNS end other cherges,flna and Impeui8ons attdbutable to thc IRoperty whtch may attain a pdoriry over thfs j t��d� f`_ , --.
<br /> ;�s,Jt2J';� Ik�afTrust.mdleueholdp�ymentsorgroundtent�,ifany. 1 ?h�x `� �'�-'r
<br /> t !�� ..i,' S. Hwrd Insunece.Bortower shall kap the Improrementt nav existlag or hereafter eacted on the Property f�,ti„�tij,�t 6.__
<br /> } r � 0.�•:1i
<br />_ (,,;y_���, insured agilnst loss by Flte,hamrds inciuded wlthin the term °eatended corerage",�nd meh other hezarde es Lender �y;,y;`{5:�n tl��__-_
<br /> F � ,.. mq requirc and In such amount�and tor:uch pedads es Lender mry rcqulrc. f+ti_„ y f�
<br /> � ,�l,F;i 7Leinsunnce.carderprorldingthetnsuranttshdlbeehosenbyBorcoversubfattoapproval6yLender;provided, �,�Y �, � r
<br /> �r...�.._ ��,�s 4�ch,FFr,,.AI aha11 nnt Fe up�cnp�hly uAthheld. All Insuranre Pnlic4s and renewal[Ihercof slu0�e in a faml t�..~...�.�+� L..--
<br /> s� i�rJ, acceptable to Lender and�hall Include a standnrd mortg�ge clause in famr of and in a fofin ecceptaDle to Lender. .z`T� ��P ° 9s -'_
<br /> � f� Lender shdl here the dght to hold the pollcies and rcnewal�thereof,subject ro the tcrtns of any mortgage,decd ottrurt Ar}�„s (�! _
<br /> ,'� {� orother savrityagreement�dth a lien wfilch has prioriry orer this Dad of Tnut. � ?�ln`t a}3� �4_R
<br /> - " (�' In the erent of loss,Bortower thall give prompt no�ice w the{nsurence carrter and Lender.Lender may make proof J,.tiy �3� r .
<br /> �ry ����� oflosslfnotmadepromptlyby0orrower. � i��r >s� ,a �-'
<br /> - "��'f �' If the Pro rt Is ebendoned b 6ortower,or if Bortorer feils to rcs nd to Lender within 7fl de from the date zi�-' 3^,�% �°
<br /> :._;,. . : P� Y Y M YS t t.k i� '=
<br />"� ��Y.'•:�!' noticeismailedb Lenderro0orrowerthattheinsurancec�rcteroffinrosettleacleimtorinsurancebeneflts.Lenderis a�^r� "�'r��'
<br /> ��(_Jt'` authodud to co lect �nd �pply the Insuronce proceeda at Lenders option either to ratoration or rep�ir of the ` '��:� �� --���
<br /> :,4�«,5 , PropertyortothesumssccurcdbythisDcedofTrust. - '. .., ,+r� r ?:..
<br /> ,.���y 6. Pnsernifon �nd M�ntenance ot Property�Lwehohb; Condominlums� Planned Unit D�refopmenN. Bor- +� - �� 6i} , �r_ ;,
<br /> ':•^i tower shell kap the Proper[y in gaad repair and shall not commit wute or permit impalrment or dMerloratlon of the - '-,.r:!?t.? i,,,,,�,.;.
<br /> !�'� '"' Pro n and shall com I witA the rovisions of an Iease ifthlsDad of TrmNs on a lasehold.ifthb Deed ofTrust Is -.i;ii;.;t;��;j`t;��
<br /> - -�v i P� Y PY P 7
<br /> ,t'}.�
<br /> _ -,�,(., on s unit in a mndominium or e planned unit developmrnt,Uonowershall perform ail otBorrowror's obligalions under -, ?j�.� �j ;,�"�<< ''
<br /> -- �{S(di. ihe declernHon or corenanls creating or goveming the condominium or p6nned unit development.Ihe bydnws and -.,,�:, �, ;U-=':
<br /> At'f�j� regutationsoflhecondominiumorplennedunitderelopmmLandconstituentdocumenu. -;2't � �-'
<br /> °� 7. Protcellon otlender'�Secudry.If Borroxxr fails�o perform the corenants and agreementa mntaincd in ihls �1 �:�'y�+�'�;��'f;-
<br /> � _F� Deed of Trust,or if any action or proceeding is commenced which matedallr affec�s Lendeis 1Merest in the Propeny. ��� ,��i��'�+��'''�
<br /> ' -'', thenLender.atLendersoptlon,uponnoticetoBonower.maymakesuchappeatantts,disbursesuchsums.including � 57���'{`p_t'�
<br /> ? � -?� rwsonable attomeyi tees,end teke such acilon as is necessary to proteet I.ender's interac 1f Lender requlred mortgage `� � �Y�!, ,
<br /> �:r .: �.;.. 7;-'h'.,;:•:"j'•..
<br />_ - , InsuranceuamndltionofmakingtheloansecuredbythisDeedofTrust.Bmrowershallpaytheprcmiumsrcquircdto � -�,.�_t ..- .
<br /> maintain such insurance in eRat until such time as the requircmm�for such insurantt termineta in eccordanee�vith � � . �,-�r±�����4��,'
<br /> ,. Bovower'sandLenderswrittenagreementorapplieableLv. �
<br /> Any �maunts disbursed by Lender punuant m this paragreph 7, with interat thereon, at the Note nta shnll - �
<br /> become additional indebtrdness of Uorrox•er zecured by this Deed of Trust. Unleu Borrower and Lender egree to � _
<br /> �_; ,`p. other tem�s ot paymem, meh amoums shell be p�yable upon notitt trom Lender to Borro�ver ttquesting paymmt l •
<br />' " � .j4 thercoLNothingcont�inedinthisparagraph7shallrequircLendertoincuranyexpenseortakeanyactionhereunder. i � - � -
<br /> ; ' `� 8. Iaspecdoo. Lender m�y make or causc ro be made rcasonable entries upon and inspections of the Property. � ,
<br /> - -� provided that Lender shall gi�e Bovower nmice prior to any such inspec�ian speci(ying reasoneble cause thertfor
<br />� `''`,'' ��' reiated to Lender's interest in the Propetty. '
<br />-- �7`,'���-:� 9. Condemoaqon.The proceeds of eny award or claim for dam�ges,dircet or conxquemial.in connection wi�h
<br /> +"'•;�'i � onY condemnafion or other aking of the Propeny,or pin thercof.or for mnveyance in lieu of condemroiion. are
<br /> - '•� �' hereby auigned md shdl be paid m Lenden:ubjat m the terms o(anymottgage.daed af tmst orother securi�y agree• -�
<br /> ;;i i.i,
<br /> - ': �. mentwithalienwhichhasprioriryortt[hisDecdofTrust.
<br />- ':�,;�%' �� 10. Bortoxtr Not Rdtaseda Forbearmar B� 1.endee Not a Walrea Extmsion of �he time for pa�mcm or
<br />- ' '" madifleetion of�mortization of lhe sums saurcd brlhis Deed otTrvst granied by Lender to any successor in intercst of
<br /> :'�•i�>:�
<br />- . Borrower shall not operate w rclease,in any manner,the Iiabiiity otthe original Bortoxer and Borrox�er's sucasson in
<br /> intercst.Lendershall not be ttquired to commence proceedings against such successor ar refuse toexund time for pay-
<br /> ment or otherwise madity amonization of the sums ucured by this Dad of Trust by rcason of anydemand made by the
<br /> - -- - original BortoxYr and Bortm.sr's successors in interesL Any forbearmce by Lende�in exercising any right or remedy
<br />� hereunder.or otherwi:e aftorded by applicable law�,shall mt be a waimr of or preclude�he e:ercise of any such right or
<br /> remedy.
<br /> -+�' '�{'-*� il. Sucm�on �nd Auigos Bomd1 Jolnt �nd Serunl Lln6ilil�t Coaignen. The rnvenants and agrcemems
<br />�-F��,'�=��r>; herein contained shail bind,and the ri hts hereunder shall inurc to.�he rcs nve successon and azsi m of Lender and
<br /> -�_,t,}}.;..y 8 PK� B
<br /> :c�;�,;;• Borrowee,subjtet to the provisions of patagteph 16 hercof.All coren�nis and agrcemen�s of Borcower shall be joim and
<br /> ' �"' ureral.Any Bovowerwhomaigns this Dced otTmst,but dces not execute the Note.lalis coaigning this Dccd o(Trust
<br /> � ii only to grent and conrey that Borcower s interest in the Property to Trmtee under the tttms o(this Deed of Tmst,lb)is �
<br /> 0
<br />
|