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<br /> � ' 'tit+YFOEi11A fOVFNAt�ITS.8orrorr�r and Lend�r cov�nnt arfd s��s wxows: . .. . � - �
<br /> 4. ���it d M�ei/d d IMrNf.Borrow�t�halt�Pr�Dl�f►P�weNn dw!he P�W�o�and Int�rrt an It�_ � ' .
<br /> ' ind�bMdnlM�vid�nc�dD111httr0l�, ufdlalsetw�sa(xarrKNdinlhoNoM.aedflwMincip�llola�dinYrNton
<br /> any Fulur�Ad��oN MCUeMd 0f11h� af Trwt , .: .
<br /> 2.iYniHKTMMtsM1�MMrMO�. bapplicaHlskwab�wrilWtw�ivMby,L�ndM.Bonow�rshWpy/bLM1d�
<br /> - - --- - -artth�Qa]►inoe�lshR �aad�taKR-•Ya6Nti.�ndKlheNol�w�Mth�NoMh ' intuM.awnt(h�rrin
<br /> = - - - - ` °Funds"�«�a ona�w�+a yN�ly taxN Imd p�nb wt�iCN mty aM�in pe�ority��i�d W T�qf.�nd
<br /> _= - yrot�ndnrrtfonlh�Prop�N��ll.P�uson�-iwN11Bd P��irqWtnwnbbrt�ardinwrar�Plu!ont-1wM11�of
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<br /> - T_ _ _�..___- ir�irar�__ .all aa _ _. �Mdi�ly.�lu��3 t�'a:..�- --- .----— =
<br /> . ,,;:_� _ on r�.e.N.a....:nn«�ea:ndeiN.ara�--..�..� —'_ `"_ �
<br /> '�-•� Th�Fund�sNW b�MW inaninsM�+Ilonlh�d�po�ilsbraccouMtW whichaninsuredoryu�rar�lMd.df►aF�duataNtlt
<br /> �``==4:^` a�wY C�It�q Lw�if lw�dar i*�uCA ri1 iraYh�ot�.L�r�ti�►slINI ippl�r tM�unds 14p�y�niQ t�cM.MMMIeMM�
<br /> ;,;�,_r-, ��nranc�pr�n�nsindqro�xWnrMi.LM�dK. ootehar0�bt�o andapplyirplh�FtxW�.a�rl�/tinOf�idaeoo�nt
<br /> -- •:.� , aweityir��ndcon�0�d�band�urMM�Laulw�paysorro�wrinlKNtoatA�Fund�rnd i�w `,
<br /> ;i�..: �. PMmiML+M�dKbinrt�wdtact�.Bodow�randL�nd�rmayaprMbwrtiinpatlff�finNda�i.�AionoNAiF�dTtu�t_
<br /> - ttM!iMNe�t on the Funds ahaR be pid b BoRaw�r.ai►d u�las wch agrs�n�ent is�mads a�pp��p�t�w nqWrM fuch _
<br /> . 7 i8oaow�r.w� ut���art a�nWl acc�ounbnp Qf�F�fhOw i Cradib�d�ibto tlt0 Fund!u�d��w�kx
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<br /> ��j whichNChdebittoth� undswasmads.TheFundsarepled9edas " �curit�riortMsumssecuredby OMdof .
<br />-%` �'.� .� Tnist
<br /> = -�� Hthe amount of ths tunds heid by Lendef topstl�ir wiM�the tututdmonlNy instailmenb of Funds p�yable pttor b 1M dus
<br /> d�s d�a.asMartNnb.inwrance(�remi.ums and prouod nn1s.sh�M�xc�e0 tN4 amount nquind!�p4y said ti�s. �
<br /> - ��"�'-- - ati�enf�infurslics Promiumsp nd� round ronts as 1a11 due auct�excess shail b�at 8o�ower's opliorb�iif� _
<br /> a:.":,.:..., ;_
<br /> • ���;�f.�.. " ��10 Borr�ow�r Or creeliMO�8orrorrer on mon�Hy ir�trllmenls d FurNb.H tt��wnouot M tt�Fw�ds hNd�y --
<br /> . ?,��:::�•.-:� `�'� �yshallnotbewlficlent�opay�ce�.as�rmenla.insuance0�iumsand ndrenbssUteyfaltduRBorrowrr�p�ll . ��'-
<br /> Z:,w°=�'. - i�LentMr ar�.'�nsa�ary b mske up Ihe deficieney witlfin 30 days�the dNe nWlce is nw7W by t�Mer b =_.
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<br /> ° ';'`-�..`"_:"• - :- ��p�y���.in�q�tsumssseurodbythisOesdofTrus�l.�ndershailPro/nPBY�eh�nc1t49orrQwere�Fundshdd6y =— --
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<br /> - - - , - - -te�iForidsrD�r+gr {a{k1"r'8:+��?tihePrope�ty�saddosthsP�'8psrtyiso�fierwiseac4uicedbyLender.LendetsNl�llappiy. � �
<br /> ' , _ noisterfAanimmedialeiyprioc�atf.hresabolthePrupertyorifsacqu��is�panbyLender,andFunOshetdbyLenderattheUmsot - r =t:;
<br /> • � .application sf a credit a�ina�lleae�,ims sacured by this Oeed�Trust • =��;`'r
<br /> �ApONaMon ol Ps�MS.Uiri�s appilca6te fawprovldes c�erwiae.al I paymenfs reoeii+ed by Lends►under the Nofe _ -
<br /> , ; ; - � and pe�raptss 1 and 2 hereot slia116e applied by Lender first in paymentot amouota paya6Te to lender by Borrower under -
<br /> pa� 2hereof.ffienl�InterestpayaWeOntheNote.thentolheprincipalottheNote.andthentointerpstandpnncipalon �, '. ��
<br /> ., . a-ny FutuC�%�����stiailpayailtexes,aasessmentsandotherchargeA�nesaadimpositionsattributsbistothe �� ` '
<br /> -. � :' ' Property which may atCtin a priori:at over thb Oeed ot Trwt,and k�ehold paymenls ot ground rents,il any,in tbs nanner . � �
<br /> - � _ _ ..._ -. _ ,:::�__ providet!under 2 herea�or,if not pai�tn sucA mann�by Borrower mak(ngpsyment,when due,directly b the � ;; :-
<br /> • payee�ersol.�hali prt�nptly/furnish to Lender all nobves ot amounts due untJer thts para9raph,and in the erent �; ,....
<br /> � Barrower shalt make Dsyment�irecUY.Borrower shall promDth►tumish to Lender reeeipls evidsncing auchp�yn�n ts. • � -::_•, .. ..
<br /> ' ` 8orrower sha0 promptiy dischatge eny lien wh�h has pnoriry over this Ded�$at Tru�t Provide0.thet 8o►�ower shatl nat be . _
<br /> requiredtoditcnarge� suehtiqnsotongasBorrowe►ahallagteeinwntinglo�tepaymentofiheobiigationaecuredbysuch :.
<br /> ' r. .'..' lien in a manrter ac � �o Lender.or ahatl in good faith contest auch lien�y:or defend enforcementol wch lien in.legaf � •;, '.:�l,:i'. .`
<br /> , ., _.. : . '. . . • _,:�..�„_ ,
<br /> : • � , praeeedin�which operate to�eaP.nt the eniorcement of the 1(en or tor(ertura of the Prope��j o�any part thereo� . t . ,.;�r,7f .
<br /> . .... .••.;:�:. � ,..
<br /> .�..._. ... --..--.--..__.. _...,..._. ._.:.- Sti Na�dlawtan�Borr�shaifkeep theimpravemenls�awexistingorhereafterrrectedanthePropertyinsured _ .�,.;r��_ :.
<br /> against loss Ey nre,ha�zarQs inciuded within the term"extended cuverage",and such other 7sazards as Lender may require �f�� ,
<br /> ' �• and in such amour�csar.���r sucb periods as Lender may requi%provide4 that Lender shail not r uira that the amount af ` . .
<br /> - such wverage exaee��at amount of coverage required to pay the aums secured by this Deed of�rust ;
<br /> n Thisinsurance��tprovidingtheinsuranceshailbechosenby8orrowetsubjecttoepprovalbyLender,provided.that
<br /> f' � � such approval sha�i crof be unreasonabty withheld.Ail premiums on�nsurance policies shall be paid�n the manne�prov�ded , '
<br /> • .. under paragraph 2 hereof or,if not paid in such manner.Cy Borrower making payment,when due,directly to the insurance . .
<br /> g Carrier.• ` .
<br /> 1=� � ' ' Alt i�,wrance pa>:�ies and renewais thereof shall be in tarm accflptabb to Lender and shall Include a standa�d mprk�a ,
<br /> �'' clause in iavor ota�3"srs form acCeptabteto Lender.Lender shail havethenghtto hotO the policiesand renewaisthereof,end ,
<br />;.t? � Borrowershallpror,ti;t�y(urnishtoLenderailrenewalnoticesartdall�eceiptsapaidprem�ums.tntheeventotloss.8orrower .
<br /> . � shailgivepromptrtmt��gtotheinsurancecarrierandLende�.lendermaymake�rootoflossitnotmadeprompllybyBotrower.
<br /> � Unt�slender�,,s�8orrowerofherwiseagreeinwriting;insuranceproceedss�atlDeapptiedtorestarafionorrepairolMe
<br /> , , Pro�e�y damaged,pcovlded such restoration or repair is economicaliyfeas+`�:g dnd the securiry of this Deed of T�ust is not
<br /> � thete'�y impeired.if suCh restoration or repair is not econortricaity teas+ble ot ii fhe secur�q mt th�s Oeet!ol Trust would be
<br /> - . E � impa�med,the insurance proceeds shatt be app►�etl to the sums secured by t��s Deed of Trusa,with the excess,if any,paid to '
<br /> � � Bonowe►.If the Property is abandonea by 8orrower,or if Borrower fails to respond to Ler�ei wdhin 30 days from the date �
<br />. , = �� notice is mailed by lender to Barrower tt�al the uisurance carrier oHers to se!:te a ctaim for insurance benefits,Lender is '
<br /> authorized to cotlect end apply the insurance proceeds at LertQer's aptioo either to restoranon or repan of the Properry or to
<br /> - .the aums secured by this Deed ot Trust _
<br /> � Unlesa L�enderand Borrowerotherwise agree+n writmg,any such application of proceeds to pnnc�pal shall notextend or .
<br /> � ' pos�One me due date of fhe montfity installments referred to m paragraphs t and 2 hereof or Change the amount of auch
<br /> � � � mstallments.It under paregrapA 1$hereof the Property�s acqm�ed by Lender,all nght,t�tle and interest ot Borrower m and to
<br /> any insurance pohcies and in andto ihe proceeds thereol result�ng nom damagetothe Property pr�orto the sale oracquisition
<br /> .. shall pass to Lenderip the extent o!the sums secured by this Deed of Trust�mmediately pnor to such sale or acqwsiUOn.
<br /> 6.Pr�sKVSfiomaadMa(nt�mncsolPrrtp�Ay;Lea��holdi:Condominium�;PlannMUnitD�vNopm�nb.8orrowershall
<br /> � • keep the P�operty��qood repair and sha11 not commit waste or permN impairment of detenoration o t1 �e PropeRy and.shati
<br /> ' , ' complywiththeprov�s�onsofanyleasedthisDeedotTrustisonaleasehold.ItthisDeedofTrust�sonaumtinacondomimum
<br /> ' . � ; or a�'a.�ned uNt developmem,Borrawer shail peAorm all ot Borrower's obligat�ons under the decla�ation or covenants •
<br /> . , + CreaU�g or�verning the condominium or ptanned umt deveiog.menf,the by-laws an�reg�.::dfions o!the condominium or
<br /> , � planr,ed uni development,and eonstituent documents.H a cor��JOmin�um or planned um��ea9topment nde►is excu.ted by
<br /> • ' • '' ` BorrOwer end recorded together w�th this Oeed of Trust,the cavenants and agreements af such�Ider shall be incorporeted
<br />,s: � �. into and shali amenaand supptement the covenants and agreements o1 this D��tt of TruStas if the nder were a paR hereof.
<br /> • • 7. PrW�etbn alLendtr's Suurity.If Borrower fa�ls to pertorm the cove��x�ts and agreements conta,ned in this Oeed of
<br /> . . • � Trust,or i1 atty action ot proeeeding is commenced w�th materlal�y aNects t�hd�i's interes!in the PropeAy.�rtcduding bu1 not . ..
<br />: Iimi2edto.em�nem0omain,insolvercy,code entorcement,or arvar.gements o��roeeed�ngs+nvotvinga banksuptordecedent.
<br /> • ' . then Lendet at Lender's aption,upan noi�ce to Borruwer.may zm«xe such app8arancag,d+sburse such sums and take such
<br /> � � , actionasisnecessarytoprotectlendec'sinterest,includ+n�bae:ro�hm�tedto.dFsbursementafreasonableattomey'steesartd
<br /> , j entry uponthePropertytomakerepairs.lflenderrequ�re mortgageinsurarceasacond�t�onotmakmgtheloansecuredby
<br /> the Oeed of TruSt 6o�rower shaU pay the premwms required to mai�ta�n s�ct��nsurance in eNect until such time es fhe
<br /> tequirementforsucbinsurancetermmates�naccordancewitheorrower'sartdlender'swnttenagreementorappI�catbelaw.
<br /> . . '�±- '� BoirOwer shdtt pay the amount ot alI mortgage in�urance perm�ums in the manner provided under paragraph 2�ereol.
<br /> � . Any amounta dlsbursed by Lende� pursuant to th�s paragraph 7, with interest thereon, shall become additional
<br /> � � � � indebtfldn8ssofBorrowersecuredbythis0eedoftrust.Unless8orrowerandLenderagreetoothertermsofpayment.such
<br /> � amGunts Shall be payable upon no°�ce}rom Lender to Borrower requestmg payment heteot_and shall bear�nteresthom the
<br /> � � , � dateotdisbursementattheratepayabtefromUmetohmeonoutstandmg prmcipalunderthgNoteunlesspaymentofinterest �
<br /> � �, at 9uCh rate woufd be contrary to applicable law,m wh�en event such ambunts shall bear interest at the h�ghest tate
<br /> � act o�hereunderrapplicable law.Nolhmg contained�n thws paragraph l shall requ�re lender to incur�nyexpense or takeany
<br /> `� . a.(ntp�etlon.LenQer m8y make or cause to be madd reasonabte entnes upon and�nspect�ons of the Pruperty prorided
<br /> ` : thatlendershallgiveBorrowernot�cepnortoanysucn�nspect�onspecdy�ng�easonabtecausetheretore�elatedfolender's .
<br /> �
<br /> . interest in the PropeAy. �
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