|
.,�. r�.: C � �, ��� � �:+, _ ' ' _" . ' .. �
<br /> `� .��i=�'�" �f: . . .."" _. _ ._ . . . � _ ,,CZ c ..,ji"..:
<br /> . � .e ' t. - . ' . , ' .
<br /> .. ypp��:.�� . . . . `�r .. . . . . , ,
<br /> !� -�� - � . . . - �-
<br /> . . -� . . . . #�. > ` - .
<br /> . � . . , ,��._.�Lr.41 r_.�_ . . . ' - ._4....
<br /> - ....�+._.�......�.... _ .. S _ _...+s-...r�.:! — — - . _.. ,..,...._. - —... ,.___.._._�_.i .._ "
<br /> _����:--i�-'`_x' ' ' . . ' 'e ' , . ' ' . —'__ ___
<br /> _ .�. .. _ -., � - . . � � 9,4�acr�rzz � � � � � `� �����,
<br /> <�_ . �.- �'_ :.
<br /> ,. ==�`` �:� • - • . ; , .:x,�_;�;:
<br /> ` �� "' �,;� UNIFOftM COVENANTS.Boaower and Lender covenant and agree as tol�ows: �� .t'
<br /> .; .:u,«�.� ..-; 1. Pa�n1 d�p�I�nd 1M�tNf.Borrower 6S�a11 promptty'pay wheo due.the Principel_ot.and i�tetest on the . � < '
<br /> . indsh�edneasevid�needOytAsKot�.pre� tandla2echargesaeprov�ded�ntndNofe.andthepnnapatofandinD�reston �
<br /> ,i �` � , any Fuwro A d v anc�s secur e d b y M e o f T�u s t � t .
<br /> - Z F�b►TaxMMNlbNUnnC�.SuD�ctWaPPlicabtelaworioswri�nwaiverbylender Ba�rOwe►ahallpaytol�► I , _
<br /> --- -� - . --� -- on1hsd�ymortlhtyin�411n�nt�MprinciwlandinterestarsO�Y�eundar1heNaM.unti1theNo1eispaidintull.�sum(t�erain
<br /> -- -- - - - --- - - ��unds'�e4ua1 to a�-twalllh ot the yeacty��nd ass�whiC�may atnin.prioMy ove�Mis Oss�ofttiK and �-�------<`-
<br /> ` �.• ' < � , . E.__n.- --
<br /> ; . ` f_ ' groundrentsonfhaPrapKty.ifany.Ptusone-twalt1Aofyeuqrp[aniuminatdlrt�e�b(orhsnrd1nwrartce.plusona-twMMof
<br /> premlum ia�ilm�t�tf tw mprlg� inautance.�t any.alt aa ra�sonsblY estimated iniWlly and ham tims�o time Ey ��•�
<br /> " ...ti...: .<_ . ' �on the b�si:of asf�smenta�fls sn0 rsuonahle eslimates tdereot � .
<br /> . . . . Th+�Fundaaha11bshsldinaninsUtuAOnthetieposiaoraccounbofw�ienarsinsurodorgw►anbed.by�Faderalors4le � - .
<br /> -- - ' � � .� - egsncy(includin�I.erfd�r it Lender is such an mstitutia�}.Le�der shalt�PP�Y the tunds topa y s�id taxas.as�prtNn1s.
<br /> _ _ •. .
<br /> .. • mwranceP�iumlandqroundrenb:lendermaynotchargetorsohofdingandapplyingtheFunds.andllzi�ssidaccount �-: �--.._.-.:
<br /> . . . orv�rifyin�andcompilinpaaidassessmenbandOiNs.uMas�LenderWys BorrowerinlKestonlheFundaandappticaWdaw � ; • _
<br /> . , '. • perm itsLendertomekesuchacharge:BonowerandLende�may�i�writingatlhstimeofez�cutionofthisDsadofTrost �
<br /> t�at i�qer�on the Funds ahall be aid to 8oaowe�.�nd unleu such agreerrient is maQe or�py�e taw raquiras such i t .
<br />_. ',:�, - : �.. interesf tb be osid,Lander shal l not be requifed to pay Bormwer eny intereit Or 6emi�ng�on tAe_funda.Lende��I give to L
<br /> r- Borrawer,witl�out ehar e,an annual accounting of Me Funds showag credits and debits to th��unds and tfie purpose br
<br /> _ . , _ whicheachdebittothe�undswasmade.TheFundsareptedgedssadditianalsecurirytortheaumasecuredbythisDse�ot
<br /> • . Trust. �..• � .
<br /> ' N the amountof the tunda held by Lender.logefher with the tuture mor�hty instailments ot FunOs payabte pricrto t!►s due :.���:,-,
<br /> ' � ` dates at taxas,as�ments,insurance premiums end ground rents,ahall exceed the amount required to pay said faxes. ;;
<br /> � _� . � aasesa+nenls,inswanpe prEmiums and ground rents as they iall due.such exCe�s ahall De,at Boaowers opdon,eitAer ��" .
<br /> �epaid to Borrowe►ar crediFed to Borrower on montAly inataltments of Funds:lt the amount of Me Funds hetd by
<br /> . . � M�shaflnotbewfficienttopayta�ces.essessments.inswancep�emiumsandgroundrentaaatheytallduaBoROwershall . .
<br /> _.. _ ,.... ..._... . _ � , p� to Le�dsrsny�mount necoesssry to make uP the deRdency witliin 30 days from the date notice is meiled tsy Lender to ! .
<br /> ' . Bortowe�ro�1�9�Y�� vritl , . ..
<br /> ` . tlponpsyment(ntullofsllsumss�ecuredbytAisOeedofT�ust,Lendershaflpromptlyretundio8orroweranyFundshetdby '' ' ' � ,
<br /> _ • Lender.Ifunderps�aphl8herootthePropecty isaoldorthePro isotherwiseacqui�ed6yLender.lendershaflappty. - ,
<br /> � nolaferthsnimrtf�atalypriortothe�ateattheProperlyoritsacquisi onbylender,andFundsheldbylende►atthedmeot ;
<br /> . � ' a�tation as a txedit#gainst the sums se�ured by this Oeed o1 TrusL •:`
<br /> . - 3, AppYqYen d Ps�nNnb.Untess appticable taw provides otherwise,all payments received by Lender under the Note , �
<br /> ` '' . and pat8graphs 1 and 2 hereof shatt be apptied by tender first in payment ot amounts payable to lender by Borrowet under -
<br /> � . , � para9reph2hereol,thentointerestpayableontheNote,thentotheprincipaloftheNote,andthentainterestandpnrtcipalot+ �
<br /> . any Future Advances.•
<br /> . • • 4. CharyM;LNn�.BoaewersshallpayaUtaxes.assessmentsandothercharges.finesandimpositionsattributatbtetothe . .
<br /> . . PropeRy which may atfain a prionty over this Deed oi Trust,and leasefiold paymer�or ground�ents.if any,irr�e manrten . , ,.
<br /> • . � provided under paregrepb 2 he�eof or,it not�aid in such manner,by Barrower making payment when due,directly to�a2 • . .
<br /> . ' yeett�ereol.Borrower ahall promptly tums�..•o lender all notices of amounts due u�der thisparag►aph,and in the evenr
<br /> pa tt
<br /> BoROwer shell make'payment aitectly.Borrov�ar shall promptly fumish to Lendet receipb evidencing such payrnen�
<br /> � "� Borrower shsll prompSy diacharge any lien which ha�pnority over this Oeed af Trust prov�ded.that Boaoa+e�shatl not be •
<br /> ;�:1;` � requiredtodlschargeanysuChlis�solangasBoROwershallagreei�writingto�l?aYmerrtoftheobligaUonsecuredbysuch , ,
<br /> '� ' • lien in a manner accepfabte to Lender,or shatl in good faith contest such Iien by,u'�r detend entarcement ot sucri lien in,le�l .
<br />'. prpceedings which opeSte to preve�t the e�tore�ment of the lien or torteiWre of the Property ot any part thereoL •
<br /> S.Hazard Intw�na�.BoROwer shaU keep the improvements now existim�o�hereafter ere�:tid on the Properry insured
<br />,�.�:,�� �� �� + against toss by tira hazands included within the term"extended cmti•erage".and such other ha��ds as Lender may requue ,
<br />�;, and in Such amaunts and for such periods as LendermaY requ;re:provided,that Lender shall notr uire thatlhe amount ot
<br /> � such coverege exceed that amau�t ot corerage required to pay the aums secured by this Oeed of�rust
<br /> � Thisinsurancecarrierprov;dmgtheinsuranceshatlbechosenbyBortowersubjecttoapp�ovalbylender.prpvided.that
<br /> ,� - � 8uch epproval shall not be unreasonably wrthheld.All premiums on msurance policies shall b9paid m the manner prov�ded
<br /> �• urtderparag►aph 2 hereof or,if not paid m such manner,by Borrowermaking paymen�when Eue,direcfly to the insutance
<br /> CBRiEr. .
<br /> ��`� All insurance poticies and renewals thereof shatl be in form acceplable to lender and shall inetude a standard mortgage
<br /> ;� ' � � clauseinfavornfandintormacceptabtetoLender.Lendershallha�etherighttohotdthepoticiesandrenewafathereofand
<br /> j � � Borrowe►shallprompUyturnishtoLenderallrenewalnoticesandallreceiptsotpa�dpremiums.tntheeventofloss.8orrower
<br /> � � ! shallgivepromptnorr.etothemsurancecarrierandLender.Lende�maymaiceprootoflossdnotmadeprompttyby8orrower.
<br /> • Unless LenderandBarroweroiherwiseagree m wnting,insuranceproceedssha110eepptied totesta►ation or repairotthe
<br /> � Property damaged,prov�ded such restoratian or repa�r is economicalty feasibte a�d the secunty of tAis Deed of Trnst ie not
<br />:'.�; : tfiereGy impaired.lt such restoration or repair is not economccairy teas�bte or d the security ot this Deed of Trus!woutd be
<br /> � . , impaired,the insuranCe proceeds shal l be appl�ed to the sums secured by this Oeed o1 TrusR witF►the excess,if any,pa�d tfl
<br /> , � ; Borrowe�.tl the P�op�r��s abandor.ed by fforrower,or it Borrower fails to respon0 to Lender within 30 days hom the da[e .
<br /> �. . # no2iCe�s mailed by Lender to Borrower that the msurance carner oNers to setlte a cla�m to�msu�artce benebts.Leader�y
<br /> • authCrized to collect and a�pply the msu�ance procee0s at Lender's opaon eith�r to restorat�on or reparr of the Propc.ry oQ�o
<br /> � - - - - ' the aums secured by this�eed of Trust. �
<br /> � Unless Lenderand Borrower omenxise agree:�usoting.any suchappl�cation of proceedsto pnncipal shalt notexten�t or
<br /> � �� � � postpDne tfie due date of ine no�!'��cy instatlments reterred to m paragraphs t and 2 hereot or change the amount of s�J� .
<br /> � . in8tallmenq.I1 under paragrapr►t�rKr�ot tho Property is acqu:re2�y Lender,all rigAt,titte and interest of 8orrower in an��3
<br /> � any insurdnce policiesand in a�a to�*ra proceedsthereot resu.�':r;f�m�amagato the PropeAy prior tothe sateor acquisif.�,�,
<br /> j� . . • . gha0 pass to Lender to the extent c':the sums secured by th�s fl��ot Trust immediaiely pnor to such sale or acquisit�ort.
<br /> �r,. .; d, pr�atlonandMalnt�nanaolProp�rty;Le�s�hofds;Condominlunn:Plann�dUnHMv�pp��Bor�owershall
<br /> �. • ''��� �� � keep.the Property in good repa�r and shall not commit waste or permn impaarc�ent of deteriarat�on o�the Property and sfiail
<br /> - ' • • comply withtheprovtslonsofanyleaseiflhisOeedofTrustisonaleasehold.Itthis0eedolTrustisonaunit�nacondominium
<br /> - �� • ' or e planned urtit aevelopment,Borrower shatl perform atl of 8orrower's obligations under the declaraUOn or Covenants • •
<br /> creatl Or govemirtg the condOminwm o►ptanned unit development,the by-laws and re�ulations ot the Condominium er ,
<br /> x ptan�un(t development,and consutuent documents.I}a aondommwm or planned und development nder ia excute�f Ct�
<br /> � � •.� Borrower and recorded togHther w�th thi�Deed of Trust,the cavenants an0 8greements ot such��der shall be incorporate�2
<br /> into and shall amend and supptement the covenants and agreements of this Oeed ot Trusta�if the rlder were a paA hereof.
<br /> `1 �� � �'�� �' � .� � iprpheUonott,�ndK'�S�eurNy.II Borrower fai�s to erform the covenants and a reements contained eee 4hia Oeed of .
<br /> .. . � -.= .-...:--.•-....-...-.....; Tn�or ar�y a on or proceed�ng is commenced.wdh mater�aliy attects LendePs inte est in the Properly,i�e:+;�d�ng dut not
<br /> � Iimitedto.emfaentdomain,l�solvency,cadeentorcemenLorarrar.gementsorproceedingsmvotvingabankrciptordecedent
<br /> �.� � � then lender at LenQer's optlon,[�POn notice to 8orrower,may ma�such appearances,d�seacrse such aums and teke suxte
<br /> ' actlonasisneeessarytoprotectLende�'sinterest,incfudi�g,butc:Ot.�mitedto.disbursemertt�`ceaaonebteattamey'ateesa.y3 . .
<br /> _.�-. �'.' � . • entrYUponthePropertytom8kerepairS.HLender�equiredmoRgagainsurartcaasaconditivrofmgkingtheloanSecureQby
<br /> °-;� '• the deed ot Trust 6anower shall pay the premiums reqwred ta maintain•sac!►insuranae in eBect until such time a9 the
<br /> - '"r•• � ' raquirementtorsuchinau�anceterminates�naccordancewith8orrower'saa0lender'awr�ttenagreementordpplicelbelaw.
<br /> - � -' �� Bonower shall pay the amount ot atl mortgage insurance permiums in the rnanner prahded unde►pe+ aph 2 hereof.
<br /> �-_'` "�"`.'�"'~�� My amounts disbur�ed by tender pursuant to this paragraph 7, with interest thereon, shall addiflonal
<br /> ` `�`i'° indebbdnessof8orroweraecuredbythlsDeedotTrus�UnlessBonowerandlenderagreeroothertermst,tpaymen�such � .
<br /> �_.:.•�f s - - . .-. ' amauMs sha11 be payable upon notice 1rom lender to Borrower requesting payment hereof,and shall bear interesthomthe .
<br /> - :�1 �,,�,:.,, datea}disbursementattheratepayabletromtimetot�meonoutstantling Drrnc�palundertheNoteuntesspaymeMOtinterest
<br /> ' ; -- r�_, , at sucb rate would be conuaty to appltcabie taw,m whtch event such amounts shae 6ear interost at the highest rate
<br /> :.-;;: p�missibteunderappliea6lelaw.Nothmgconta�nedinthisparagraph7shatlreqwreLendertoincurenyexpenseorfakeany .
<br /> _ �,,. . .
<br /> +- + - s�t N�pkyon.Lender may make or causa to de made�easanable entnes upon and inspections ot the ProperN provlded �' '
<br /> - �� thatLenderahallgiveBorrowernot�cepriortoanysuchinspecUOnspec�yingreasanablecausethe�etorerelatedfolenders �
<br /> ��
<br /> lnterast in the Property.
<br /> --;,� • � .
<br /> ____ _ . � �
<br />
|