|
•a:�;` t'ah;i. �:rtii(r.4.T. .4 )S��1,. :1 '(t .. . .: ''iY,� _ . � . .
<br /> y'rh�:�`.�4`/"' tl3+c'SI � . , . . I I I RS�wAO�V.Mau:r�w.G+:�wllfir.a
<br /> � . `.J�+i7rs+4^. IAS�vRri.,'-•:• . .. �.3:. :..b•{�,' _
<br /> . �• .!'n1'..:�N . y,F.,..'- ' :<.:��
<br /> � +«+1
<br /> � L' . .. . - ���.. .
<br /> ',l;' ..n:.+.. . �.�rr�`�""'��"" .- - - -i�- --=�
<br /> ♦
<br /> 1� ,U ,�
<br /> �F. � . �" 93=1o�ras
<br /> ,
<br /> .�.,�w��:��_�
<br /> e ,r, - ,. ��,,� . t
<br /> .' + � '
<br /> . I�II�ORM COVENANT8.Borrower And Lsndsr covenant�nd pprw es folluwa „�,
<br /> ° �, p�yn�M ol pdi�elp�l�nd Int�M1. 8orrower shpll promptly psy when duo Ihe prmc�pel ol and inlereat on the y� '"' """• . »
<br /> �� �ndobtedneuev�dencsdfiyth�Not�,pr�sp�yment�ndlatech�rqo�sprov�d�d�nlhsNot�.�ndlh�prmr,�pnlol�nd�nl�n�ton '''�
<br /> any Futu��Adr�nc�s secund by the D�W ol Tru�t.
<br /> � �. Fu�laTaxMand Inwana�•Sub�at to applia�ble law or to e wntten wawsr by Lander,8orrower�ndl p�y to l�nd�r
<br /> on Ihe day monthly inttallm�nb ol princip���nd�ntenat�re psyable under Ihe Nots.un1U Ihs Not�Is pMd In lull,a sum Ih�refn -� . -, . ,. ,
<br /> "Funde")equel to on�-twNftA ot Ihe yewrly te�es and aalwsamqnts whfch mey atte�n pnorlly over th1�Qeed ol Truel,end � •• •��
<br /> � q�oundrenbonlh�Propety,lhny,plusone•tw�IfUfo1yssrlypnmlumin;Ullm�nhlorh�t�rdlnwnncs.plwon�•twNithol '1. '*':-�.%;+,ra`,•'•r
<br /> Ye�►ly prsmlum insl�llm�nb for mortgap6 InRUr�nce,It eny,all e�renonsbly�stimatW mltl�lly�nd Irom bn�to qnN by �. .:•.,..,,;..::t::,;,..�a
<br /> � � Lander on ths be�ls of au�s�m�nb end blll�snd�usoneble e�Umatn thereol. "' '=� '
<br /> •• ��• � Ths Funds ehdl bs hsid in��Inslitudon ths d�po�ite or accounte ot which sn�naured or guu�nteed,by a Fadanl a suts � . .
<br /> a :� egenay Analudinq Lendar if Lender Is auch en fnetitupon�.Lender sh�fl apply Ihe lund�to pay s�id l�xef,naafm�ntf,
<br /> � � : insuraneepremiumsandproundrents.Lend��msy notcherpebrsoholdin0�ndepplympth�Funds,anelyzinqe�ld�ceount
<br /> � �� � . or verilyinp ond compiling ssld aaessmente and bllla unle�Lender peys Borrower�ntsrest an the Funds�nd�pplia�ble I�w '
<br /> permita l.enderto meke auch a chsr�e.8onower end�.e�der may apr�ein writlnp Atths time atsxecudon of this Ds�d ol Tru�t
<br /> ,� - thst interest on the Fu�da ehall be pafd to Borrower,and unlsss auch a��eement fe made or eppIlcdbe Isw reqW��s such �
<br /> intereat to b�paid,lender shNl not be requfred to pay Borrower eny Int4re�t or earnfnps on lhe Funds.lender ehdl plve to �
<br /> };,. � 8orrawer.without cherye,pn annual accounUng ot the Funds ahowing credita and de6ita to lhe Funds end the purposs lor
<br /> . which each debit to th�Funds was made.The Funds arp qledyed as addilional e�curUy for the aums secured by th�s Os�d at
<br /> ''�' T►ust •
<br /> ` It the amoun!01 the lunds held by LenAer,togelher with the luture monthly�n�tellments ol Funds payable prbr to the due �
<br /> datss ol mxes,aases�msnts,Insurance premluma and ground rente,ahall excesd the amount nqulred to pay aa�d faxes. '
<br /> es m
<br /> aa�essm�nte,fnsurance premfuma and ground renta as they lall due,auch excees shatl be,at 8orrower'�opUon,efthsr F - ^�%�z�
<br /> prompUy►e�sld to Borrower or credited to Borrowe►on mqnthly insfellmenls ot Funds.If the amount ot the Funds held by ,r
<br /> •�� I.enda�ahal notbesu8iclenttopaytexes,aasessments,inaurencepremlumsandgroundrentaaafheylalldue.8orrowerehell
<br /> � �,� . , � pa y tp Lender any amount necess�ry to ma ke up t he ds t i c i e n c y within 30 da ye(rom the dete notice is ma�led by Lendsr to s� ..
<br /> �.':4.•:;>•,�,�.• Bonower requesUn9 PeYment therool. . ��-:r+•��:
<br /> � � � Upon paymentinfull of all sumnsecured by this Ueed ol Trust Lender ahell promptly refund to Borrowor any Funds held by � 4 '_Ya��
<br /> � " '';� lende�.it under pa�agraph 18 hareof the Properry fa sold or the Property is otherw�se ecquved by Lender.Lender ahell epply.
<br /> �,` • no later then immediately prfor to the sale of 1he Prop9Ay or its AcQuisiNon dy Lender,end Funds hald by Lender et Iha tlme of � r:.. �
<br /> applicarion aa a credil apt►Inet the suma aecured by thle beed of Truat. ; ' �''�, �
<br /> 3. Applkatloe ot Pa��n b.Uniass appliaable lew provides otherwise,all peyments recewed by Lender under the Nole ,
<br /> end pareg►epha 1 and 2 hereot ehall be appNed by Lender Nrot in peyment ot amounts payable to Lender by 8orrower under �
<br /> para�reph 2 hereof,then to int�real payable an tha Note,then to the pnnaipel of Ihe Note,and Ihen to inte�eatend pnncipal an »
<br /> . any Future Advences.
<br /> 4. Charqa;LMns.8orrowars ahall pay ell taxes.easeasmenta and qther charges,tines and�mpoadions atlributable to the , , ��
<br /> ' Property whfob mey altsin a prlo�ity over this Deed cl Trust,and leasehotd payments or ground renb,i1 any,ln the menner ��
<br /> � provided uoder parayaph 2 here�i a,ft not paid In such manne►.by Bonower meki�qpe ymen�when due,directly to the .
<br /> payee thereof.Borrower ahall promptly lurnfeh to Lender all noticea al emounro due unds�Mia peregraph,end in the event , d
<br /> i Borrower shai�nrei►6�a yiaetti dltsttiy.SorrowCr steal!pr osnp!!y turnisl+to len�r rec�fpls ev�dencmg euch peymenb. �. i ..;;�;�
<br /> � Bonower ehall prompdy diacharqe any Ilen whlah haa prioriry over thla Deed of Trusk P�ovlded,that 8orrowe►shall not be � •�
<br /> � required to dischergeany such tlen so long es 8orrower ahell egree in wrfd�gto the peymen�of the obligehon secured by such L
<br /> ' lien in A menner accep1Wte lo Lender,or ahall In good laith conteel suoh Ilen by,or detend enfo►cement of�uch lien in,leyal ��
<br /> � prxeedinys which opente to prevent the en!or�ement of the Ifen w torfelture of tM PropeAy or any part thereot. ' �
<br /> � I S. Hu�rd(mu�ane�.Bonower shall keep the Improvemenls now existing or hereafler erected on the Property inaured . ,
<br /> .��. . �� ' againet loas by hre,hes�►da�ncluded wfthln the term"extend�+d coverege",and auch olher hazerds as lender may requ�re � �
<br /> � � and in auch emounta and for such periode ae Lender mey require;provided.that Lender ahall not reqwre Ihat the amount o1 ;
<br /> ' �' '. � �,i such coverape exeeed that amount of coverege required to pay Ihe sums aecured by thia Deed of 7rust. �
<br /> '� �,,� ,'.�,,��` � � Thle ineurance carrler provlding the insurance�hall be chosen by Borraweroub�ect lo approval by Le�der;proaded,thet r
<br /> ' ' such approval shall not be unreasonebly withheld.All premiums on insurance poliales ahall be peid in th�manner provlded �
<br /> und�r pera�raph 2 hereof or,i1 not paid in euch menner,by 9orrower makfng peyment,when due.directly to the insuranee �
<br /> . cenier.
<br /> ,�,� ' .; All insurance pollCfes and renewala thereof shell be in torm accepteble to Lender a�d shall mclude a standard mohgage
<br /> - � alauae in lavor of and in form acceptable to Lender.Lender aAall have Ihe nght t0 hold the polip+es and renewela lhereof,and
<br /> � Bor�owerahallpromp tlyturnishtoLenderallrenewalnot�cesandallrece�ptsolpeidpremiums IntheeveMatloss.8orrawer �
<br /> shall give promp t�otica to the insurence carner and Lender.Lender mey make proof ot loas If not made promptly by 8orrower. �`
<br /> � Unleas lender and Borrower otherwise agree in wnUng,msurence proceedsahall be applied to tesloratlon or repafr ol the .
<br /> Praperty dameged,prov�ded such restorano�or repeu is economically teaalble and the aecunty ot th�s Deed of Truat�s not ;•,,,,;,
<br /> Ihereby Impaired.If such reatoratlon or repeu is not econom�cally feae�ble or il the aecurity of Ih�a Deed ol Trust would be ,
<br /> impalred.the insurence proceeds shall be eppl�ed to the sums aecured by Ih�s need o1 Trust,with Ihe excess.if any,peid to
<br /> I Borrcwor.It the Property�s ebendoned by BOtfpwPr,pr�f RrlrrOViw�18118 fo resqond to Le�der within 30 days from the date
<br /> nolice is mefled by Lender to 8orrower that the inaurance carner oNers to sedle a claim for insurance benel�ts,Lender�s
<br /> authorized to collect and apply 1he�nsurance proceeda at Lender's option eilher to restarAVOn�r repau of the Property or to
<br /> � the aums secured by thls Deed ot Trust
<br /> ' Unless Lenderand 8orrowe�otherwlaeagree m wnting,eny suCh appl�cution of proceedsto prmcipel shall notextend or
<br /> ? po stpone the due dete ol the monthly mstatlmenta reterred to�n parag►aphs t and 2 hereof or change the emount of such
<br /> � inatallments.II under peragraph 1 B hereof the P�operty�s acqwred by Lender,all nght,tllle and�nterest ol Borrower in end to
<br /> any insurance pollcfes and In and to the praceeds Ihereof result�ng trom damegeto the Prapeny pnor to the sale or acquieltion .
<br /> , ishall pass to Lender to the extent of the sums secured by thls Oeed of Truat immed�ately pnOr to suCh sele or 9CqWeillon.
<br /> � 8. PntHwNon snd Malnl�n�nc�ol P�op�My;L�aNholdr,Condomintum�;Pl�nn�d Unit O�v�lo �nh.Borrowe�shall
<br /> keep the Property in good repau and shnll not Commil waste or permd impeirment ot detenoration o the Property and ehell
<br /> ' comply with the provisiona ol any lease d thls Deed of Trust�s on a leasehold.If this Oeed ol Trust is on a unit m a condommwm
<br /> or a pfenned unit develoDment,Borrower shall perform all of Borrower's obllgations under the declarat�on or covenents
<br /> creaUng or goYerning the Condom�mum or plenned unit development.the by-laws nntl regulations of the condommium or
<br /> planned unii development,end conatituent documents.H e condomimum or planned unrt tlevelopmBnt nder is excuted by
<br /> • � Bor►ower and recarded together w�th thls Deed of Trust.the covenants and Agreements o1�uch nder shall be�ncorporated
<br /> � mto and shall amend and supplemont Ihe covenants and agreements ot thfs Oeed nf Truat as i1 the r�der were a paN hereof.
<br /> � 7. Prot�Ctbn of 48nd�r'�S�turily.ll Borrowe►fnda to perlorm the covenants and ngreements conta�ned�n this Deed of
<br /> ' Trus�Or fl any aCtion or proCeed�ng�s COmmenced wdn matanelly aNects Lender's interest m the PropeAy.inCluding but not
<br /> • I�mited to.amment dOmain,�nsolvency,code enforce�ment.or arrangemAnta or proceedmgs involving n bankrupt or decedent.
<br /> , then Lendor at Lender's opbon,upon notice to Horruwer.may make such eppearance4.disburse such sums and take such
<br /> eCtion�s is neCeesery t0 proteCt l.ender's Interest.includin ,but not Ilmlted to.disbursemenl ot reasonable attorney's fees and
<br /> entry upon the Properlyto m9ke repaus.lf Lender reqwre�moAgage mauranceas e cnndition ol makmg Ihe loen secured by
<br /> � the Deed of Trusf.Borrower shell pay the premlums reqwred to ma�ntaln such insura�ce in eHect untd such 6me as the
<br /> ' ; ! �� � requiremenf tor suCh insurance termmatee in eccordance with 8orruwer's and Lender's wntten agreement or applicelbe law
<br /> , I Qor►ower shall pay the amount ot aH mortgage insurance permwms in the mannei provided under paregraph 2 hereot.
<br /> Anv amounta dfabura�d by 4ender pursu�nt ta this pt►ragr}�ph 7, w�th �nterest thereon, shall become addfdonal
<br /> ...., ...e ...,
<br /> T � indebiednessof8orrowersecured�ytmsueeaorirusT.umesseorrownra��o�r���a�ay��i��:�a�:���%��•r�'sM�••••-�—••
<br /> amounta ahell be payable upon notice trom Le�der to Borrower request�n�payment hereot and shnil bear�nterest Irom Iho
<br /> , . dateof dfsbursementatthe rate R�Vablefrom lime to t�me on outstanding piincipal under the Note unless peyment o��nterest
<br /> � • at such rate would be contrary to appl�cable law. in which event such arnounls shAll bear interest at the highest rate
<br /> • 1 �• , ' permisafble under epplir,abte 18w.Nothing Contained�n this par�grnph 7 shnll requ�re l.enaer to incur anyexpense or teke any
<br /> ; i , achon hereunder.
<br /> � . ;, .
<br /> 6. In�p�Ctlon.Lender may make or causo to be mado rt�asoneble Nntnes upon,�nd mspect�ons uf the Propetty,prov�dad
<br /> �� � that Lender shell give Borrower noUCe pnor to nr�y su��h�nsprrtwn�:per.dymq�eals�mnblp cnuse�lhe�r�Hure rt�lAtpd to Lender s
<br /> • � ►�• . ' mterest fn the PropeAy
<br /> �
<br /> � !
<br />
|