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<br /> . . - �a��411��[��11������aSw��WU��M�w�w���OfJO�l�� ,• .
<br /> �° •- � 811d dfli tltld�U1�1�10�:iJfMittli9�l0ifiipii��f' �
<br /> q��rder an tlis d�y montt�hi� P� �°�. �� . U
<br /> ' , tw�trs•su�n�(t�a�f"Fw�'1e4�l���nitl�e yea�ly t�noesarW�(�[ti�nD�� , `
<br /> � ptan��edunitdeveiopment��en�s►it�lljMfiichahay�tainPrk�ritYarertl��eeddT�t�t,andgr�ndror�tso� ,
<br /> - ttts PrapertY.i�arry.i�ha one'twe1M ot Ysar1Y tx'e��in�alimenls 1or t�s�dit�urano�ptua�one�twetRh cf�Ysa!1�l
<br /> - - - pi�ert�uniti�af�r�e�tormorigeig�i�sano�iFar�-a-aMasYe�onaDh►e�edi�!►ar+d�romtrnetotitmsbyfLe�Yder- '
<br /> - � on�titebssisai8s�eastrlerltsandbiNseald[ea�oc�bieestirr�lesflterea�f Bat�w�eraha�twtbeo6Ng�+ed�ori��Iasmx�t
<br /> : - . . payments d�unds�Ler�der La the eo�ent tlt�BoRO�er maioes s�ict�payn�etns�o the holder af a Prior�o�geD�a
<br /> - ---� � . � _ _ _._ _
<br /> , deeci�itnr�if s�et�t�ideris art i��' ' ; _ - .. . --
<br /> :�` -----= if 8cxrower Paps finldsto L�9nde�tbs Funds sttall be hekl in a�t ittstitutlortt(te de�ts�r aocoutds of whidt�e'. . _
<br /> . -=z i � , tnsuree arsusranteed br a Federat or af�me agency tiriduding le�x it L�d��such an�hftlo�.tsnaer�alt . -- -_
<br /> . � app{�1he Fonds Lo pay Sa�d ta�Oes..a�smer►t�ir�surance premitmts and grour�d renls.Lenc�Jx maY not oharSa ta► -..-_-
<br />.=�:-.-; ` epNotil'wgand�yyyn�UteFt�s.�!!tat��ngsaideo�x�ta�veei(yi�9.���9��and6ie►eaiess , -_- -
<br /> ` � 4endsrPaysBorre�'i�Me�estontffBFundsanc�Bpplica6�islawPe�mimL;e�dectomala9atJCftBCharge.Bo�r�w�rand . -_—
<br /> -��� L,e��de�m�y a��es in yrriting at the tia�s af�Omcuttots d thi�De�d of Tn�st that irAeraat an the Funds shall�bs paid b =__-
<br /> �' � " BqROwew end unlass sncit a�eement is made or applieabte Iaw tequires sudt irMeneatb�be peW,Lender atm�IF not =-
<br />,f�': bs req�irodto pay Bonow�er ary interestct eamingscn the�nds.'L.endershaU giv�e�o Borrow�witNout d�a�ge.an �--�__._
<br /> `�. antxu�leccouMirt9oftheFundsshp�rrir�gcredits�anddebilsmtheF�ndsandfhepurpoeatbrMAiicheachdebittothe W=`= _--
<br /> Funds w8s inade�llte Tunds are p[edged asadd�tonat secutity tbr the sums$eax+ewd bY this D�et!cf Tfust. ' ��-'-`=--
<br /> ;�_ �
<br /> � if Ute artloutlt d tite Fundsheld by Lende��o9etAer M�Eh the futur+e mOnthly it�lltneMs d Funds PaY�P� �_=._�=�-�
<br /> f`�_ ' ` bo tt�e Quetdates of ta�oas.a�essmecas.ins�nce Pcemtums ettW ground renre►shai!exceed lhe amotu�t required to �`'�.�"�=--
<br /> _ _- - pay�aaktt�es,�as�nb,ir�narroepremlu�hsarKlgroundrenlsaSllteyfall4ue.s�ch�a�SS�be,�dBortower's . �. ` _ -
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<br /> optbr�,�pc'dmPth►�epa�d�a�roweracredRedtoBoma�onmon�tyk�taUmentsdFunda.ltidea�mcuntd • __<<,,:,�_
<br /> _ `- tha Funds heid by Lender dtatl not be sut�dentto pay t�ucea.asse�meMS.ir�r�e P�emiumsand grourtd rents as - :._.-
<br /> . _� `- theyfaUdue.Borrcw�ershallpaytoLerberan�lanwuMnecessarytomatrsupthedefi�e�►inaneorn�orepayn�enls -
<br />_ ,�.,..�._� "�'=--
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<br /> �:,��� ;�.' as Lende�may requir� � � ` , _
<br /> . �. UponPaymentinfalicf�lisumssdcuredbl►this0eeddTn�st,l.,endershallpromPtlYretundta8on�owerarryFisnds 1,�
<br /> ---- - • - r,@ktbylsnde►Nunderparegaphnrer�ofineacpeccyissoidarlheAq�tyisclheewi�eaoqwiiedb�r�enae�L+ende► °
<br /> • � - shail appty,no later than immediately pr�orto the�ot the Property or its acqutsi�on by Lende�.anY Funds held by �. : ::��2,;
<br /> . . . . �:, :�_.
<br /> ,. , . ist�at the time of appiIcalion as a cred�i against tt�e sums secuced bY this Oeed of Tirust. __
<br /> .; +e
<br /> - .: � . � . - 3. Applkation ot PaytmeMs.Untess applioabte law p�+cvEdes otherwise.ait paymeMS recehred by Lender ander � � -_�;.:�
<br /> .._ ., ._. , the Note and parag�aphs 1 and x hereof sha1168 aPPiied b!►Lender Brat in paymern of amourris payable to Lender by `�:
<br /> .. i..�
<br /> -�::. ;. � eorrower under paragraph 2 hereof.then to intereat payable on tha Note.and then`to!he principai of the Nota. , �:
<br /> • ' " `. �•,� ' 4 Prior Yorl�e=snd Oeeda ot 7hrs�C���ns.Bo►rawer shall pe�tam a11 oi 8orrow�er's obligatbns �
<br /> � .7t:/�:'f� - " - • _�
<br /> . „�. .�-,�I under eny morDgages deed d truat or other seCurity M with a tien which has prlority over this Deed W Trust.
<br /> . :�.._� .. «':. :_ . '"'-; �r�..
<br /> � .�,..� inciuding Bortcwe�s cove�Ms b mata�paym�nts when due.Borrower shall pay or cause t�be pa�f ali taxes. . -
<br /> - - � -- - . ass�s�rneMsanclothercharges,firiesandimposit3on�at�ibutabteLOtheProperlywhichmayattainapr�orityaretthis _.-. --':, .�
<br /> � ' � Deed of Trust.and teasehold payments or ground reMS,it arry.
<br /> . � . � • ' S. Hmod Inwranea Borrower shall keep the impraveme�now existing or hereafter erected on the Property :
<br /> � � . insered against losa by flre.hazards inciuded within the term"extendedco�erage':and such other hazards as L.6nde� � ..., _,
<br /> " ' � '�. -' may require and ln such amourns attd tor such periods as Leader may require. - -- .
<br /> . Theinsurar�cecarrterprc�viclingthei�uranoeshaflbychosenbyBonawersubjeotmapProvalbS►Lende�iP'���� . - �.
<br /> - � � � n ticies and renewais theteof shall bs in a brm �� . � �
<br /> ° � r �-•. that sucb approval shall not be unreasonabiy wlthhetd.All insura ce po s .� .
<br />'•'� ' � aooeptabtetoLenderandshaillnctudeastandardmor�a9ealauseinfauorofandinatotm8cceptabletoLender.Lsnder • .
<br /> : . ' � shall have the rigM to hold the policies and renewals thereof,supject to the terms of arry mortgage.deed ci trust c► �
<br /> '_ ,. .- other aecutiry agreement wlth a lien which has priorityy cver this Oeed of Trust. - '�_� ._._. . _:.
<br /> .. .. " . -, Inthe eveM of toss.Borro�rershall give prompt noNcetolhe insurance carrier and Lender.Lender may make proof - .,.
<br /> - ���� - � oi toss if rtot made promPtfy bf►Borrower. . �
<br /> •_ � if the Property is abandoned by 8orrower,or if Borroxrer tails to resportd to LenQer within 30 days from the date � ; •
<br /> ... -� .. �. .. . ' noticeismailedbyLendertoBorroxrerthattheinsu►ancecanterofCe�stosettteaciaimforinsurartcebeneflts,Lender 4 :
<br /> ' �-��,.;__ ._.._. ie authori�ed tocollect and appiythe.insurance prcceeds at Lertder's optlon either to restoratbn orrepairotthe PropeRy f .: ... . ,
<br /> ° � � -, or to the sums seCured by thia Deed of TFust. ,�
<br /> ;, �:�-- � 8. Pres�rvatton and Mai�etqn�ce of Propetty;Lesseholds;C�ndominiums:Plannsd Ueit Ow�slopm�nb- . , ..
<br /> `��-�.- .� 8�na�wer aMait keep the�roperty in goad repair and shall not commit waste or permit impairment ar deterioratbn of ": .
<br /> --- � - the PropeRy and ahail compiy wlih the provlsions of arry tease if thls Ceed o!Tl�ust is on a leasehoid.lf this Deed of � .
<br /> ' 'Ii�ust ison a unit in a aondominium or a pianned unit development,BoROwer shall perbrm ail ot Bo�rowe�'s obligations ',
<br /> - � underthedeclarationorcovenarriscreatingorgovemingthecondomiNumorplannedunitdevelopment,theby-laws . -
<br /> ? - " � and�egutations of the oondominium or ptanned unit devetopment.`artd cortstituent documeme. ; � �
<br /> _ `� �. � �. Pnnt�etlon of L�nder's SacuBty.If Borrower fails to peRorm the coveaarRS'and agreements confained in thia ± �.
<br /> � � .- Deed ot Truat,or if any action or proceeding is commenced which materially ai(ects Lender's interest in the PropeRy.
<br /> = _ ����. �� � _ _ _ then Lender,atLender'suption.upon noNceto 8orrower,may makesuch appearances,disbursesuch sums,inctuding , � � ,
<br /> � . . . reasonable at0oineya'teea,and takesuCh action as is ne�a►Y W Proted 4ertder's interest.if Lender tequ�red mor6gag9 � ` . ,
<br /> � _- , insuranc�as a cortdlUon of making the loan secured by this Deed ot'I�ust,Bo►rower shall pay the�emiums required i� .
<br /> .. to mairnain such insurance in eitect untii such time as the requiremer�for such insurance terminafea in acoordance •
<br /> - � ' with Borrarer's and Lender's written agreement or appilcabte law ° ; .
<br /> ... �`- fr.^
<br /> � ����x,s�; MyamourRs dbbu�aed by Lender pursuent to this paragraph 7,with interest thereon�atthe Woterate.shail becorr�e , ;----- -- - :
<br /> �� additbnal indebtednese ot 8orrower secured byt thia Deed otTrust.Untesa 8orrower and Lenderagree to other te►ms � �
<br /> -;.�`_._. a:. .: o}paymeM.such amouMB shaU be payabte upon rtotice from Lender to 8ortower requesting payment thereol.Nothing � ` �
<br /> ':.-'` -� ,. .. � ca�fained�n thia paragraph,7 shail require Lertder to incur arry expense or take arry BcHan hereunder. f � -
<br /> ,,�.�. ����....:,_...:�_._- - : .
<br /> - _ . � s, Int�MCdon.Leader may make orcause M be made cesaonable er�tries upon and inspectians af!he Properiy. � .
<br /> f"'�`" '�` providedtt�tLeride�shallgiNaBorrowernotioeprtatoanysuChinspeCionspecifylrtgreseonablect�usetheretart�etated '
<br /> .r �.�. � -�t:::.�,.., �"•� to Lsnder's interest in the PropeAy. • .
<br /> s.. . . •. :r;,. .. � .
<br /> .. , . � � Cafd�ntnNion.The prooeeds of any award or claim tor damages.direct or oonsequer�iaf.M aonitecct�ion wlfri .
<br /> ne
<br /> ��•... Y ~��.';���_� anyconQemr�adonorotl�ertakingaftheProperty�apartthereol.aforcornreyanceinUeuofoondemnallon,arehereby ' • � .
<br /> �- .,: ,.� " -- - asetgrte�fart�fishaltbepaidioi�nBer,subjecttotfretermsolanymortgag�tleedaftr�cr�kersece�rityag�! - - ,�-,-__- .
<br /> ' ,�,.: ;�-=' w�,;a
<br />�°.: , � w . � wilh alkn whkh has prta9ty oveNhls Oeed of Tfust. � • � . .
<br /> . �"f+` �:.�; � t0. 8ornorwr No!i�Naad:Fofi�aat�as By Lendar Not a�VYaiii�r.Exter�sian ot the time br paymeM or `
<br /> •
<br /> '' ��; c� � mad�at damatlzation of the sums secured by this Qeed af Tr�st granted by Lenderto arrysuccessoHn interest �"
<br /> � ,�.j, ; -- . of 8orrowershatt natoperateto release.in any manneir,the Nabiiity►ofthe originaf Borrcwar and Bar►ower's su� � , � . � .
<br /> • rt :�-. - .. : ' . ' . � . •_ • '"+` � •
<br /> :���� ...., . .
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