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<br /> � . � • �Nt�AM covB�u1�T�,eorco,�er ane Lenaercovenant and ag►ee as rouo,ws:` . . -�-
<br /> - � �. .-� -� • . i 1.la�M d Md�R�Borrariret nhaii promp'tly PaY when due�e prtncipat.of and intia�est aa�1he` , ° �:,.`��:'��"`-
<br /> � ..` `� � .•, inde�beednessenidenc�Mc�tl�eNob.P�aM andtatechargesesprovldedintheNota�rtdthepv�rtaipatof�ndintereaton .�
<br /> - -;,s _ , ,� --- . �y FuWro A�vst1Ces sacurod h►the ot Truat. , ' "
<br /> - - -� -�--�-T--•`--- �F�udsfe�T�aw�sd�. �DaDptica6ielawcrtoawfi�en�raiverbyiender.Bonowe�8hattt�YtOl.ea�der _
<br /> ���-�.- - �
<br /> undertheNote:un8ttheAtotetspaidint�l� Et�arairr =- ,.� = ��<
<br /> -' - . �'- -- - . -onthebaynwn�t�tin�ltmentsotptir���tdi►►Eerestarepaysbi� ` .�� �
<br /> .F� ,_ �; : 4� ` "FtmQ!"i�b Ot1e-twel[Ih Of�e ys�rty taxes and assessments�rbtch maY adain Pd.airitY over th[s Oeed ot T and � f.: � � �. ,
<br /> , g�ou�rsnlsanlhsP�cPsrtY ifargt.Musorts-t�rMMoty_earlYPremtumtnsht(Imentstort�a�rdir�auranc�Atusorte-twetMof � � �,-,�
<br /> _ _. _ �.:. . °--- c-_--� � yenrlY p r p n in m t�i m s n b t o r m o A�s n e i n a u r a t t o e.n a n Y s t�a a�e��b 1 y e�m a t e d i n�ti a l t y a n d h o m ti m e t o�rt f e b y ` �
<br /> tarxie�on the b�is of assss�ments a n dbi�ls iend reasonable eet�rriates theseot , , x__�..<
<br />�- - ----..-f'------.`_.•_ � ThsF�fhdl0�t�eldinani�utioninapeposascraocounbotwhkhareinsuredor�uaranteecJ.bya�ederaloratat� , � ` `�
<br /> � :'� �asenc�,Bnctu�,�Lender it.teiWer issueh an i�iont.LerMe�ahe0 apply medunds top�r sa�d faxes.•�sseasir►ent�. '--r--- .��_<_..
<br /> - . hlftlfartCep�e111ium!#AdQfOUDdTellts.L0�►t1111Yf10lCltifgBM��OhA�d�ng 8fi0�1l1��Fu�IdS.aR�{yziit�II�HCCOUM � � r�,
<br /> � -•- � orvariMnpandtDamOiR�gaaidasseasmenbau�dbOl�unlaasLenderpsy�BorrowerinterestonlheFun�artda�pli _cabteta�r � . .
<br /> L�Ide►Icmdcest�cllA����tq wEFBndL�ellder�nayuQrlAinrrriting8t01eUtr�sutdxee[�LiO1tOf1tlisOeetlMT[us! ' � i,�`-. '
<br /> • . � t i rt q r e s t o n 1 h s F u n d s s h a t l b e p a i d t o 8 o rt o w e r. unt e s s a greement is rtreiJe or appiica[be taw�equi�es such • . -- •
<br /> . � q�►lerest o�pe Lende[;tfall not b�e tequired to pa�ower�iMerestor eami cn tl�e Furt�s.t,ennder shail givd to, . ; ; .
<br />_. � ` � : MI�l�CltatCll�tllOFtAMS1N8Srt1i�.�ThA�FU�dlB[B�Ip 8dg@dSSBdd�th��S SECUf1�OfU'r65 fl'1�8@CUfAdbyllliSO�EEQ� i� .�� r ..:�
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<br /> • � < H lhaamountcNhetunds held by L�snder.toDeltle►with ihe tuture monthty insiallments ot Funda payatile pridr to the due :
<br /> � ' ` �pt�q,�ronta�inaurance premiums and g►ound rents,shatt exceed the amount itequ rn�pay s�4�ces, • ` � .
<br /> . ` ;� ' , ` - " ` aise�elb:insuranoe P►emiums and�raund ro�a4 tltay falt du60 suCt!excess ahatl be.at Bo s cpbor�eithet_ {'�_ �. ,. -'
<br />. _, :_�' ,�� , , id�p Bompywe�orc�edieed to Mrrower on mon�ly instalimeids of Fuad�.lf the amount ot the Funds tfeld Dy . . . ..,
<br /> ` .. . ��oteesuf8c�ent�payteoce�a.a�penb.i�su►anCePrAmiumsandgroundrerpsasiheyta1tdue.Borrowersna1i ` ;
<br /> , ' . � ���Iu��uWl�t�� make up Me deficiency within 3D days from tt�e date notice is rr�ait�pd by tender to .
<br /> " ' ` � Uponp�n�t intuilofaltwmasecuradbytl�a�bedolTn�ssRLendershaUpromptlyretundWBorroweranyFurMsheldbr . , . , -
<br /> ;�,.. . < Lender.l uf ndet�phl8hereofiheP��issotdorthePropertyisotheYvrisescquiredbylender.LtndershatlaPPh►. � • ,
<br /> � - notSte�tttsnimmediatetypriortotheaaieot e opertyoribacqwsitonbyl.ender.andFunOshet4byLenderatthetfineof
<br />•- - - F - -� + ._ eppljcatian aaa c�t e��inat t�e��u�dy this Deed ot Trust ,
<br /> -��pp�:a�af'�iMMs�appiteable 1awpro+�des othe�wise al!paymenb�eceived by Lender uc�de�tbe N�a ; .�
<br /> _ . � and parag�aphs t a�nd 2 ahall be applted by Lender first in payment aiamourns payabte to tsn0er DY Borrower under • .
<br />. � • parag�aph2T�ot.thentoirnerostpayableo�theNote,thentothepnncipaloftheNote,andthenminterestartdprincipaloA � ��
<br /> � " 6rty Future AdYetlCes. - ' '
<br /> � � �.�1,Nns.BorrowersshaQpay a11t8xes,assessmerrtsandothercharges.t�n�andimpo8itio�sattribufabietothe � .
<br /> �� Ch mAy�tn a �ority over itfis Deed of Trust 8nd lessehotd paymeMs or ground renta,ii any,in the manner .
<br /> s, � under ps e�rt� Apt�2��6teo1 c►.H not Paid in suc1�manner.bl►8onower mektngpaymeM,when due,directly to tfie
<br /> , payee lhereoR Borrower shal pl nm__ ptly tumish to lertder all�otices ot amounis due under thia paragraph,and in!he event
<br /> Bo�rower shall msks yrtkm ajrecuy Barrower sha��prompUy bmish to Lender receipts evidencing sucb psymepts.
<br /> ' • • gprrower ahei- I p�om�diacharse any lien wAiCb has priority ov��this Deed of Trusk Orovided.that 8o��ower sha11 nut be , -
<br />` ' ' require0tod�scna�eanys�������9���s����9��nwritingtothepaymentofttreobtigaUonse�redbysuch _
<br /> , Uen fi a mannerac t�eptaDteto lender.c►�hatl in good taith tontegt sucb lien by.or delend eiHorcementot such I�en in,legat . _ , .
<br /> . .
<br /> . : prpceedin�whicb oper8te to preveM theeMorcement ot the tien or torteiture of the Property or any paR thereof.
<br /> _. . .--�- - ... . ..
<br /> 5. Huard In�ufw�aA Bonower shail keeDthe improvemerrts�ow eniating or hereaiter erected on me PropeRy,insured - - - �
<br /> � s�aainat losa by fi%hasabs included wIlhin the term"extended coverage",and auch other hazards as�ender may require
<br /> arM in such amourtts and for such periods as Lenber may require:provided,thai Lertder shali not r uire that the amourrt ot
<br /> � � � � such cpve�e exc.eed lhat amour�t of coverage requireq to pay the sums secured by this Deed of�rust
<br /> ThisinsurancecarrlerprovJdingtheinsuranceshallbechosenDyBorrowe�subjecttoapprovatby Lender,provided,that
<br /> � � sucb approval shatl rtot be unreasonabty withhettl.A11 premiums on insurance poiicies ahall be�aid In the manner prdvided
<br /> c
<br /> , r urtder psrag►aph 2 hereof ar,it rtot peid in auch ma�ner.by Borrower making payment,when due,directty to the insurance
<br /> � ' �N naurance poNcies and renewats thereof shali be in form acceptabte to Lender and shall incfude a standard dsoR�age
<br /> ' � dauaeinfavorotend infonnaccepta4loto Lender.lendershall have the ri ghtto hotd the policiesand re�ewatsthereof.and
<br /> � BorrowershaliprompqyturnishtoLendera8renewairtotice�ar►dallreceipfsofpaidpremwms.tntheeventoftasa.Borrower
<br /> shaligive promptnotioefofhe l�uranoecarrier and Lender.Lender may make proof of toss if�ot made promptly by 8orrower.
<br /> � UnleasLenderandBorrowerothetwiaeagre8inwritfig,insurartce�roceedashallbeappliedtorestorationorrepairofthe .
<br /> • � • � � PropeRy damaQed,p�ovided auoh restoration or repair is economica ly,feasibte and the security o1 this Deed of Trust is not
<br /> thereby impaired.N SuCh resWration O��epair is not econofnically teas+bie Or if the security ot 4his Deed of Trust would be
<br /> fmpaire0.the inaurance proceeds ahall be a�paie0 to the sums secured by this Oeed ot Trost,with the exeess.if any,paid to
<br /> BOrtower.it the PropeAy is ebandoned by Bonower,rn if Bonower faits fo respond to Lender wlthin 3Q days hom the date
<br /> � notice is meited by lertder to Bonower that the Insurance canier oHers to setlte a ctaim for insurance benefits.LenQer is �
<br /> _ authc�iiea to c�itect and ap ply tha inausance proceeds at Lender's option either to restoration or repai�ot the Praperty or to
<br /> the auma secured by this Deed o1 TruaL •
<br /> Unteaa Lenderand Borrower otherw�8eagreeln wriring,art�such ap�tiptiortof proceedsto principatshall notextendor .
<br /> , posmone the due date of,the monthty instalimeMs retened to�n paragraphs t and 2 hereot or cha�ge the amount ot sucb
<br /> insfatlmenb.if un�paragraph 18 hereof the Prop8Ay is acquired by Lender,alt ri�hf,titte nd interest ot 8orrawer in.and to
<br /> � anyinaura�cepolkiesandinaadtothep�OCe0d�lhereofresultinghbmdamagetol�ePro�AyFpriortotheaaleoraCquisition
<br /> • shatl pess to lende►to the extent o1 the Sums secured by this Oeed of Trust tmmediately ptior to suCh saie or aCquisition.
<br /> 6, p�ra�on and M��a Pcop�:l,�s�Motds:Condqniatums:Ptana�d Unit O�rNopmMb.Bor�ower shaii � ,
<br /> " keep the Prope�ty in good�epair and shall no1 commit waste or permit impairment of deterioration ot the Prbperty and sAs�l
<br /> � - . • comptywiththeprovlsionsa8rlyleaseiftAisOeedofTrustisonaleasehold.Ifthis0eedofTrustisonaunitinacondomi�ium .
<br /> ' • � or a pfanrted unit aevetopment,8onower shall peAorm all of Borrower's obligatlona under the deotaraUOn or covenants
<br /> � � ' Crestinp or ovemfn�the cors�ominlum or planned unit devetopment,the by-laws and regulatlons of the condaminium or
<br /> � � ptanrted un�devebpment and constituent dOCUments.H a condaminrum orplanned unit CevetopmeM nder ia excuted by
<br /> ' ' • • • Bortower artd recorded to�ether wlth this�eed of Trusf.the covenants artd agreertsents o!such nder shaii be incorporated �
<br /> � , into artd shaH amend and 9upplement the covenaMS an0 agreements of this aeed ot Trust es it the rlder we+e a pan hereof.
<br /> 7. P�oMeYo�d L�nd�r's S�uriht.l!Ba��ower faits to perfarm the covenants and agreemeMS contained m ihla Deed of
<br /> � Truat.ar if a QOti0n�0/praceeding is commenced with materiatly eHects LendBt'8 interest in the Property includmg but not .
<br /> , � � Iimilsdto,erti�nantdom�lin.insolvency.coQaerdorcement,Otarrangemontsorproceedingsinvotvl�gaban�Cruptordecedent,
<br /> then Lender ffi Lenders opNon,upon noUce to 8orrower,may meke such appearances,disburse auch suma and take such .
<br /> . ; � acNonaaisner.essarytoprotectL.ende�siMereaLinatuding,butnotitm�tedto.dlsburaementofreaaonabteatto►neq'steesand
<br /> e�y uponthePropertytomakerepafiraNLenQerrequlreOrnoR ageinsu►anceasaconditlonOfmakingthetoanseeuredby
<br /> � ths Osrd of Tnat,Boaower shali pay the promiums required�o maiatain such insurance in eNect unUl auch Nme a9the
<br /> � - � - - � requirementiorsucbinauranceterminatestneccordancewit�8orrower'sartdlender'swtitten orappNcalbetaw. �
<br /> , �• , : gorrower ehalipsy the amaurd ot all mattqa�e insurBnCe permiums in the manner provided un er paragraph 2 hereof.
<br /> � • Arn a�reounb dtsbursed by Lende�purauant to thi�'p8ragraph 7, with irKereat the�eon, ahafl 6econre addjtlor�ai
<br /> � : IndebfeQ asaMBrnoweraecure0bythisE)eedofT�ustUnlessBorrowerandLenderagreetooihertermsafpaymentauch
<br /> anipu�fp ehail bs payable upon noNce hom Lender to 8onower requesNng paymeirt hereof,and shalf bear interes!irom ffie
<br /> � , � ' datsolaiabu�emerdatlheratep�yabietromUmetotirrteonoutstandingprinofpatundertheNoteunfessp mentofintereat •
<br /> • i at aueh rats wouid be coMrary toapplieable law.i�1 Whicb event such amounta stfatt beaf interest at�e htghest rate .
<br /> � : ;... . � ,
<br /> • . permissibburtQ�applicabtetaw.Noritis�cbntainedinthisparagraphyshailrequ�relendettoincuranyexpenseorlakeany
<br /> • ,� f acdon herawMA►. �
<br /> ; i � �.�Np�oM.lende►may make or Cause to btt made reasonabie entries upon anel insp�ctions of the ProJseriy pravided
<br /> , lttatl,An�she(I�i�reBorrowernoticepriortoanyauchirtspectfo�s�ecifyingreasonabtecausetheretorerelatedioLertder's
<br /> ' �_.: Interest U!Ufe P(flpelty. . .
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