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<br /> �_ ` '� �£� � -� EiNiFORM�COVENANTS.8orrowd�and F.ender covertantand egree as totlows� �� " �,`,
<br /> ��. .� �r . 1.la�M ot�rY�eipd ae�d tnNn��.6orrower shali prompttyr pay when dus the principai of snd inte�est on the: `
<br /> `• ` � � indebbdnessevidaneadbythsNots,p�r�ep�ymentandlatechargesasprov�dedintheNets.andthepnncipalofandinb�stoe .
<br /> _ . � : •-- � any Future Advances secured by t�e Dead of 7tust. • �.� `� -
<br /> - . . .. - - 2. Fw+d�farlaawandMwurane�.Subjecetoeppticabteiawerroawrit�anwaivsrby�endef.BarrowKahatlpaytoUr+der �,. .' .
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<br /> �-_r onthedayrt�onshiyi��tnll�bolpan��palandlntarsstarepayaWsu�lheNO�.ue�Ith�t�olsispaidUWll.awmlh�in L
<br /> •, -- �-_--_ . ..Funds"1 e4uaf to one-twetfth at the yeany tsxs and ass�ssma►ts which may attain prioritx OvN fhis Mid af Trutt artd �_�- ---�` `
<br /> � . � , ;,"groundronbontheProperty.ifany.R►uaone-twslMofys�rfypnmiuminsfallmen�tarhazar0�nwnnce.pfusons-tw�flM�o! . '
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<br /> � . ' , �premium insfallm�nts tor mor�age iasuranca d any,all�f rauonabty�sUnt�t�f Initialry and trom tims fo drtN by ; . ..
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<br /> on the b�sisOFatt�ssmenb and6ius and rse�onabis eitimata�hereot. i`;
<br /> :.' � ., � • � TheFendsshailbel�Mdinanins6tut�onthedepasiboraccoun�tofwhicharei�suredorgwranleed.byaFederalorstate E .
<br /> _ - .(°' - agsnCp(includtnQ Lei�der if Lertder a such an institution�l.er�st�alt appty ths h+nds fopay�sid tlucq.a�sxn�nb. �__. .. .. _. _
<br /> � � inw�anespremiumsandqroundrenb.Lendermaynotchargeforaot�oldinp anaapptyin9theF�rb��rWf►s�^�a�d��+nt •
<br /> . o�va�i(y�nyand�pmpiliogsaidassessmen/sandbiUS.unleasLeriderWy�Borroweri�erestonlhsFundaands�uD1'bcabtslaw
<br /> suo
<br />.� pe[milil�nde►tomakewchacharge.BoaowerandLendermayapraeln�itirpattl�6msMexecuoonotlhisdaadofTrust � ,'•
<br /> • � � that inlerost on the Funds shall be paid to 8orrower,and unless such agraement is msds a appNCalbs�aw re4uire�such �
<br /> � ' � - interest to bepa id.Lander shatl not be re4uired to pay Borrower eny interest or eamin�s an the Funds Lender shall give to � ,
<br /> _ - , ' . . whiclleachdebi�tloUaeFun s�wasmade TheFundsar pte gedasa�d'��hona�tsecunrytorthesums�ur�s0�tphu'is0�eadrot { , �
<br />.. . �� . - ... Trust j � .
<br /> ' • IfthBamountoflhatunds�hetdbyLender.togetherwtthlhetuturemonthlyirtsfaHmenlsofFundspayablepriortoU�sdue - ,
<br /> ' •� �=%, dates of faxes,asaea�er►ts,insurance premruma and ground rents.aha11 exceed tlse amount required to pay said tsxes. ; .
<br /> ' '�'��'`� aa�easmenb,insqranCe premiums and gronnd�enis as they fall due,auCh exce�,s shalt be.at Borrower'a optiQn,either �• �
<br /> ::;��.,.� ,
<br /> ' � - '•�`�`��!��;;�:; promptlyropa id in 8orroviror or credi�ed to Borcawer on momhiy�r►staUments a4 Funda.If.ths amount of tbe Funda held bv •
<br /> :. ,.. -1 . ._?�:�.<�,;,. . LendershsllnotbeauHicierittopaytaxes.assessmeMS.insurancepremiumsandgraundreMsastheyta114u�8orroweraha(1 :
<br /> �i`�:r-- `� •� y�Le�ider srry amoant necassary to make up the deticieacy wdhin 30 days fran the tlate aodce is maited by LbtWe�to , . _
<br /> , �. ,�:'):��. . � � ��1��P$lPneMthereol. � • '
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<br /> .,;:..f• . • UporfpsymentiniullofallsumssecuredbyMisOaedofTrustLendershallprompdyrrefundtoBOROweranyFundsheldby �.4 �
<br /> � •.:�h;<,-; Lendar.ffundsrparagr8pt�18hereotthePrope�ty issoldorthePropertyiaotherwiseecquiredbyl.ec�der,Lenderahsllapply. .
<br /> �:�:.�_.=• ' �;_�.;'� notaterthAnimmediatelypriortothesafeofMePropertyoritsacquisitionbyLender,andFundsheldbyLenderattheHmeot . .
<br /> ';��?;:�`�
<br /> `r,:•;:;r( , � . ,�. application asa credit againat the sums secured by this Oeed ot Trust •.
<br /> �.;.;�;.,� _:���;�;:� 3,wppllCaYO�pf paynMnb.Unless applicabte Iaw provides otherwise,all payments received by Lender under lhe Note � ,
<br /> r„7,;'�'i-• „ �?< and paragtaphs 1 and 2 hw'eo!shatl be ap hed by Lende�first in payment oi amounts payabte to tender by Borrower uoder° .- � • 1
<br />. �; • ' pa raph2hereol,thentointerestpayabl�ontheNot�thentoMepnncipaloltheNote.endthentointeresta�dpn�cipalon i -.
<br /> ���(�� � � • �4.�Chwtq�Li�n�.8orrowersshallpayalltaxes.assessmentsandothercharges,finesandimposi�onaattrihutabletothe i . . � ,
<br /> ' s � � Properry which may ettain a prioriry over this Deed a1 T�ust,and te�sehold paymenb or ground rent�it any,in the manner , ,:
<br /> - _ � - ptovidetl u►tder pd;aycaFte 2 hereat ar,it RQt�aid in sueb manner,by-BorrnWec making paymeat w2isn due.di�eCt1Y ta 1�e. =-. _
<br /> � ' payee theraof_�onower ahall promptty turr���. •o tender alt notices of amoums�ue andermis paragraph,and"miheevent - � .. tt.� i
<br /> , .,�..,-•.;, " �''' � Borrower shalf maks-,psymertt directly.Borrowzr shaci promptly tumisfi to Lender receipts evidencing auch paYments. ,.;;;...;`,.•t��'.;.:
<br /> � B o rr ow er ahaQ prom p t t y d�schar ge an y lien which r.as��soriry over this Deed of Trus�pro�ded,lhat Borrower shat)not ba "•.<<�;;;r,;�,��;'�;�.,;?.;
<br /> ,�;`:,,;:� � requiredtodischargean�rsuchliensolongasBorrowrers±i�llagreeinwritingtothepaymentottheobtigationsecured6ysuch
<br /> .-. Ilen in a manrteraccepfabteto Lender.o�shall in gd�€a:�h contest such lien by,or defen�f enforcement of such lien i�:legal
<br /> • ' ." proceedings wdich operate to prevent fhe enforc.emer�t.of the Nen or fodeiture of the Property or any part the►eot' , „ � '. �
<br /> �..
<br /> ..... . ; .-.-_... ..' S.Hsr,�nd law�snc�.Borrawe�shaii keev the imyrcyefienis now existing or hereatter erected on the PropeRy insured
<br /> againat loss by fire,hazards inctuded wit(�i�the term"extended coverage",and such other hazards as lender may requife
<br /> and�n sucb amounts andtor such periods as Lender maY require;prh+rided,that Lende�shall not r uire Mat Me amount o}
<br /> � � � sueh coverage exceed that amount of coverage required to pay the aums secured by this Oeed of�n�st
<br /> ThiainsurancecarrierprovitlingtheinsuranceshallbechosenbyBorrowers�iL;ecttaapprovalbyLender.provided.that . ,
<br /> - • � • SuCh epprovel shail not be unreasonably withhelC.All premwms on�nsutance pofic�es shatl be paid m the ma�ner provided �
<br /> � under paragraph 2 he�eof or,if not paid in such manner,by Borrower making paymeM,when due,directty to iha insurance
<br /> .. . carrie►. ,
<br /> � All insurance policies and renewats thereat shatl be�n form acceptable to LenCer and shall include a standard mortgage
<br /> �'' • clauseinfavorofandintormacceptabtetoLender.Lendershallhavelher�ghttoholdlhepoliciesandrenewalsthereof.artd •
<br /> ` � BorrowershaflpromptlyfurnishtolenderallrenewalnoticesandaUreceiptsolpaidprem�ums.Intheevenlotloss.8orrower .
<br /> � ' • ' shallgivepromptnotiCetotneinsurancecarrierandLender.Lendermaymakeproo4oftossifnotmadeprompNybyBorrower. .
<br /> ' ,.;�,,.;.'•, UMesslenderandBOsi�werotherwiseagreeinwnting,msuranceproceedssha���beappliedtorestorationm�epairotthe
<br /> _ � • � I Property damaged,prov�ded such restorat�on or repa�r is economically feasible and the secunty of this Oeed ot T�ust is nat
<br /> ' , ' � � • � thereby impa�red.I}such r@Stotat�on o-cepa�r�s not economicatly teasible or d t�e security of thls Oeed of Triist woufd be
<br /> � � i impaired.the insur8nce proceeds sha���e appi�ed to the sums secured by th�s Oeed ot T�usf,wdh the excess.d any,paid to ,
<br /> � Bonower.N the Prop�Ay is aban�onea b•i Borrower,or it 8orrower latls to respond to Lerder wRhin 30 days from the date
<br /> notice is mailed by lentter to 8oriower that the insurance carner ofte�s to settle a claim fo�insuranCe benefits.LenOer is ,
<br /> � i authorized to co►tectandaD ply the insurance a►oceeas at Lender's option either to restorat�on or repa�r ot the Property or to �
<br /> � • I the aums secured by thi�Oeed of Trus1. •
<br /> ' Untess lenderalnd Borrower otherwiseagrea�n wrfing,any such appl�cation of proceedsto prmcipal sha11�otpxlend or , • :
<br /> '-� � ' � j po stportelhe due date ot the monthly�rsstallments re'erred to m paragraphS t and 2 hereof or change the amaunt ot suCh ,
<br /> � Insta��menb.If unde�paragraph 18 hereof the Properry�s acqu�red by Cender,all right,title and interest of Borrower in and to , , , �
<br /> , • tj, anyinaurartcepoliciesandinandtotheproceedsthereofresulhngtromdamagetothePropertyrpriortoMe9aleoracqwsition ,
<br /> shall passto Lender to tRS extent of the sums secured by this Oeed of Trust�mmedraiely pnor to snch sate or acquisition.
<br /> �'� . . d, p��rvstlonandlta�'infMaac�otProp�rtycLeaaMotds:Condo�nlnlunlr,Ptann�dUnHMr Bonowershall , •
<br />- ��;.'���• • , , keep the PrOperty in gaod rNpair and shaU not comma waste or permd impai�ment of detenorat�on o tfie Property and shall r ;
<br /> N
<br /> Comply wilhtheprovisiorrsofanyleaseiftfiisDeedofTrustisonaleasehold.l}thisDeedotTrustisonaunitmacondom�nium
<br /> . or a planned unit developmen�Borrower shall perform aIl of 9orrower's obligations under the declarat�on or covenants �
<br /> � ' ' croeting or governmg the condomimum or planned und devefopment,the by-laws and regulations of the condominium or �
<br /> pIsnned unit development,and const�3uent documents.N a condommwm or planned unit devetopmeat rider is excuted by •
<br /> �,�,''�,;� . Borrower and reeOrdedtogether wdh this Oeed of Trost,the covenants and agreements ot such naer shall be inCOrporeted
<br /> '"''"��." into and shall amend artd supplement the covenants and agreements af lhis Deed a1 Trustas i1 the ride�were a paH hereot. .
<br /> ' �`-�_,., .__ _. 7, proNclionolL�MNr'sS�eurlfy.HBorrowerfailstopeAormthecovenani9andagreementscontainedinthis0eedot �
<br /> . Trust or if any ection or proceeding is commenced w�th matenally eHects lende�'a intere�i in fhe P�operty.tncluQin9 but not .
<br /> ' � � • limitedto,emmentdomam.insolvency,cadeentorcement,o�arrangementsorproceedingsinvolvingabankruptoraecedent,
<br /> � � � ! then Lender at Lender'a option,upon notlCe to Borrower,may make such appearances,disburse such sum�and take such
<br /> � actlonaeisnecesaarytoprotectLender'sinteres��ncluding,butnotlim�tedto.diabursementofrea�onableatforney'eheaand . �
<br />-- � � enlNUponthePropertytomakerepau�.NLenderreqwredmortgage�neuranceasacondiHonofmakinglAeloansecuredby
<br /> � the Deed of Trust Bo►rower shall pay the premiums requued to mamta�n such msurance 1n eHect until such time as the °
<br /> - - _��:� . :.;. ::: requuementtorsucbinsuranceterm�nate��naccordancewrtMBorrawer'sandlender'swnttenagreementorappIlcalbelaw. �
<br /> _ �,�;i..;• _:;,.�:;,>���.' 8orrower ehallpa y the amount of all mortgage insurance permwms m the manner pro�ided under psrag�aph Z hereot. ,
<br /> - �s. My amouob disburaed by �ender pursuant to this para9raph 7, w�th interest therson, sh�ll beCOme addiUonal
<br /> -' indebtednes�0)Bonower secured by this beed of Trust.Unless Borrower and Lender egreeto olherterms of paymenf,sucA
<br /> �`.' � ' emouMsahatl be peyab�e u0on notice trom Lender to Borrower re0uestmg payment hereof,and shall bear interest trom the . •
<br /> � ��,,�:„�r:.'-�,-, dsteotdi�bu�emenlatthe�atepayabtetromUmetot�meonoutstandmgprmc�palundertheNoteun�esspaymentofinterest
<br /> � - - ..• at suCtrtats Woald be Cormary to appUcabie law,m wh�ch e+rent such amounts shatl 4eat intetest at the highest rate
<br /> � '. ;:. permi�sibtsuAderappliGabtelaw.NothingcontamedinthisparagraphTshallreqwrelendertoincu�anyexpenseortekeany ,
<br /> �� ;� �� acflon fMreunder. . .
<br /> �. IrNp�CNon.Lender may make or Cause ta he made►easonable enhies upon and inspecfions ol the Propetty pravided
<br /> that lender shall give 8orrower noliCe prior to anp such inspectian spec�tymg reasonabt�Causetherefore retated fo tender's
<br /> intenst!n the Property. , .
<br /> ��- --- - - . . . , . . . �____..__ _.
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