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<br /> �' � � �, UNIFOHM COVENANTS.Borrowe+�nd L�nd�r covmml�nd�prN�s lollows�
<br /> �• ^ 1.paymM�t o1 prinolpN�nd IM�1. 8orrowsr �hpll promplly pey whsn dus Ihe pnnc�p�� ol�nd inter�at An the e- __
<br /> ' ind�badnas�vld�na�dbyM�Nob,pr�psym�nt�ndltl�eh�rqesuprov�d�dlnlh�Not�•�ndtheprinclpslol�ndlnt��alon =
<br /> .. any Futun Adwncs��scund by the Deed ol TrueL
<br /> , � Z. Fu�laTaxM�ndUaw�ne�.Sub��cltoapptfc�blel�wortoaw�Itl�nwnv�rbyL�nd�r,8or�ow�rshNlpaytoL�ndsr -----
<br /> onthsdaymonthlyin�tallm�nbotpr�ncip�l�ndmNt�slanp�y�bl�und�rth�Nob,un111th�Nol�l�p�idlnlull,awm(h�nM _�_
<br /> "Funde")equ�l to on�-twNRh of 1M ye�rly t�x���nd naswm�nb whlah m�y Nt�fn p►foriM ov�r thl�D«d ot Trust,�nd �
<br /> • �round noq on ths Prop�Ay,if eny,piw one•�wann ot y�rly promfum intlollmants for he=erd Inaurance,plua ons-twelMb et -�--P`�`�"'`���-_-'�
<br />- { •� 1�, ye�rly pr�mfum In�ullm�nts lor mortQ�ps Inwr�nae.11 any.�II�ra�wn�bly atlm�t�d IMdNir�nd hom dm�to Nm�by ..�^^_ _
<br /> +� l�nder on ths bni�of asws�m�na end bNb��d rM�on�bls�sum�ta thenot• '`"�'�`
<br /> Ths Funda�hall be held in m I��titutlon ih�d�positso�YCCOUna ol which are Insured or qwr�nteed,by�Fedsral or tlate =-F,,�zre��,
<br /> -� �. ; apsnay(inoludlnq L�nd�r 11 Lender is wch en In�Qtudon►.Lender sh�ll apply ths lunds to p�y Nld IsK�,B�M�i111Mtd. •� �. : •�-.,�_,_
<br /> , � , fnwrancapremlum�andqroundrenta.Lendermeynotchsrgelorsoholdfnpsnd�pplyinptheFund�,an�lyzlnpaldaccount �,_.�.��-��----
<br /> � orverllyinp�ndaompillnpseldaasasmentsendblNs unleseLendsrpaye8orrowsrinhreftontheFund��ndapplfcabtel�w F;m�-•Y�=---_
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<br /> � ps rmlb lende�to mske such e charqe.8orrower md�ender may apree in wriHng et ths time o1�xecudon of this D�sd ot Trust ;��•,-. a:2�
<br /> , ' ' .. thet intereat on the Funde ehall be paid to 8orrower,end unless such agreement ia mads or eppIlcalbe law�equires wch , ..f�-�`'-�'.�+:°;:`:::-�;�
<br /> intereit to bs peld.Lender shall nat bs requked to a Borrowsr an fMere�t or eaming�on the Funde.Lendsr�h�ll givs to � � �
<br /> -��F� 6orrower,without cherge,ao annual accounting of the Funds ahowing credits and de6fta to ths Fund�and Ihe purpoae for 4 r:;,.� . � , ��•
<br /> � whiph each d�6ittotho Funds was mede.The Funds are pledyed as addtlonal securfy 1or the tums secursd by fhis Dad ot i , . .":'•���.�•.�-�
<br /> Trus� . _ -
<br /> Il the amount of ths tunds held Ey Lender,together with the luture monthly inatallments of Funds payable p�ior to the due ���•�•�•• •—
<br /> ,,•:::.,t� �.
<br /> detes of tazer,assessmenb,Insurence premiuma a�d ground rents,shaA exceed Ihe amount required to pay eald taxea, �� � �, /-� '.?1;
<br /> � � • � � asseasm�nta,inau�unce p�emiuma and ground renta as Ihey tall due,auch exceaa ahall be,at Borrower'�oplbn, eilher , ;:�;,�,.�� � ,.
<br /> ;��''';• ���,: . . p�omptly repaid tor8o►rower or c�edited to 8orrower on monthly inatallmenta o1 Funds.If the amount of the Funda heldhall . . ��
<br /> '������: •:'. . � ���. I;�'�};`a'=_=-
<br /> ' 1,,..,,,, �.'.::::,�„ Lendersh�Il�atbseufliclenitopaytaxea,asneasmenh,insurencepremlumeand groundrentaeslheylalldue.8orrowere �,,�.,....�..,—
<br /> pay to Lender any amount neces�ery to make up the deliaiency wdhin 30 days from the date notice Ia mailed by Lander lo �,� �* �-.
<br /> � � °�i� Banower reque�Hnq paymeM thereol. ' '
<br /> '•��''•�.�� `'"� • � � :-•�`:�`: U p o n p ay m e n t I n l u l l a f a l l e u m s�e c u r e d b y t h i�D e e d o t T r u s�L e n d e r s h a l l p r o m p tl y ro t u n d t o B o r r o w e r a n y F u n d a h e ld b y � ;. ,,�.,,;��. +�...
<br /> , ��'��;���.��••�;; ��� � �" Lender.lf under paregreph 18 hereoHhe Prope�ty�s sold or the Property Is othe►wise acqwred by Lender,Lender eholl epply.
<br /> � �. . � no letor then immedietely prior to the sale ot the Property or ils ac uiaitfon by Lender,and Funda held by Lender at the tlme o� '�
<br /> � application as a credit aqeinet the wm a s e c u r e d by t h l a D e e d o f�r u s� ! �;�� ��
<br /> ' 3� A p p t i c atlon ol Pa�nb.Unlass appl�abte lew provfdes otherwise,all payments received by lender under the Note ' ` •�*
<br /> end parapraph�1 and 2 hereof shell be epplled 6y len der firat m peyment ol amounts poye b l e to Len det by B orr o w e r u n d e r �
<br /> peragrepli 2 hereol,th�n to intarast payable on the Note,lhen to the pnncipol of the Note,and then to fnta►ost end pnnapol on � x� ,s ` �
<br /> � any Future Advance�. =_
<br /> 1. C�w;L1�.Borrowersehellpey elltaxes,aseesementsandotherchargea,linesandfmpo�ilionsathfbut�btetothe , }��
<br /> Prop�rly wfilch m�y etteln a ptb�fty over Ih�a Deed ol Trust,end IeasehoW paymenls or ground renb.d any,fn Ihs menner
<br /> provided und�r p�rapraph 2 hsre�l or,ll not�etd�n such mannsr,by 8orrower m�kin9 peyme�t,when due,direcdy W ihe �,. .
<br /> poyM thesot.Borrower�hall promptly lu�m:.�•'o Lender ell noticea of�mounts dus undir thi�paraqraph,and In ths weot , .
<br /> _ _ J Bonow�r�hall m�k�p�ym�nt dir�cpy,Borrower ahsll promptly lum�sh to lender recsiph evid�ncinq auch paymrnts � y
<br /> — --- 8c,riower�haii pramptiy Clnchar�a a�y lion+�hlcn haa pr�ortty oYSr thl�Deed ot�+ue1:grov�ded,th�t Borrower�h�e not be z '
<br /> requk�dtOdlscherqsany e�uchlleneolonpa�Borrowerehe�layreefnwrlt�nplothepaymentolth�oblig�t�ontecuredbywch i �
<br /> Ilen In a m�nn�r acc�ptabls t0 Lender,or ah�N in yood laith contest�uch Ilen by,or dsfend Anforc�ment ot wch Nen In,Iqd ��
<br /> p�ocNdinp�which opent�to p�ev�nt Me enlorcement ol the Ilen or Iortelture of ths Prop�Ay or any peA the►�of. �
<br /> 6. H��M In�ur�na�.8orrower eheU ke�p the Improvements now exfeling or hersa8er er�cted on the Properly fnewed � `
<br /> apalmt lou by ffre,hasards Mcluded wllhin Ihe term"extonded coverape",and such oMer h�zards es lender mey►eqwre � '
<br /> end U euoh amounte a�d for aueh penods ae Lender mey requi►o:provided,thet Lender shall not reg w►e that th��mount of ; ;:,_
<br /> � suoh coverage exaeed th�t amount of coverege requfrad to pey Ihe eums eecured by Ihis Deed of Trust. ,
<br /> This Ineurence carrle►ptovfd�np tne Inaurance shell be chosen by 8orrower aub�ectto approvel by Lender;provided,thet �� '
<br /> 1 euch epprovel ehall not be unreaeonably wlthheld.All prem�ums on Insurence policfes ehell be peid m the menner p►onded
<br /> under paroyreph 2 hereot or,II not paid In auch manner,by Borrower makln�peyment.when due,directty to the lnsuronee � : � Y;�
<br /> ��,� , cartler. , '� ; �
<br /> { All In�urance poNofea and renewela thereof shell be fn lorm ecceptabte lo Lender end shall include a atenderd mortpaqe ;,.• —
<br /> � � Cleuae in lavor of end in lorm eccepWbleto Lender.Lender shall have the rlght to hold the poUciea and renewal8 thereof end .
<br /> Borrower ahall promptly lurnish to Lender ell renewal noticesand all receipts of peid premwma.ln the event of loss.9o�rower
<br /> ahall give prompt notice to the insurencecarrier end Lender.Lender may meke proot of loas d not mede promplly by Borrower. . . ,
<br /> ' Unleea Lender and Borrower otherwise agree in wriling,�naurance proceeds ahall be epplied to reatoretion or repaf rof the ' ` .b�
<br /> ` '� Property damaged,provlded such restoretlon or repak Is eoonom�cally feasible and the secunry ol thia Deed of Truat�s no1 ` , . . .
<br /> ' � thereby impaired.II such restoratlon or repeir is not econamically feaafble or il the securfty of this Deed ol Truat would be , � • �
<br /> � • Impelred,the inaurance proCeeds ahall be epplied to tha sums aecu�ed by th�s Deed ol Trust,wdh the excess,�I any,paid to .
<br /> � � BoROwer.N the Properly fs ebendoned by Borrower,w d 8onower falls fo�espond to Lerder wdhin 30 deys Irom thedete � . � y�
<br /> • notice is malled by Lender to Borrower thal the insurence cerner nHera to sedle a claim for fnsuranCe beneflla.Lender�s - .
<br /> • � authorized to Collect and apply l he insurance proce e ds a t Len der's op tfon eliher to restoratwn or re pav of the Property or to � �
<br /> . � the�ums aecured by thfa Deed ol Trust , � �
<br /> •. Unless Lender and Borrowe►otherwlae agree�n wnting,any such appl�cation ol proceeda to pnncipal ahell not extend or �.
<br /> ' poatpone the due dete ol the monlhly Instellments relerred to in paragraphs 1 and 2 hereol or change the amouM of auch • _ .
<br /> � � Inatallmanb.If under paragraph 18 hereof the Property la acqw�ed by Londer,ell righf,tltle end interoat ol Borrower fn end to �
<br /> a�y Inaurence pol�less end in end to the proceeds Ihereol resulUng from damege to the PropeAy prforto the aole or acquitition . ,��
<br /> �•�' . 8hell paea to Lender to ihe extent of the sums secured by thfs Deed of Truat immedietely pnor to such sale or acqwsidon. ,�.
<br /> - ..�� 8. Pnt�rv�qon�ndMNnbnane�olProp��ip;L�a�NwWr,Condominlums;Pl�nn�dUnllD�wto 8orrowerehall ' �
<br /> � keep the Properly In good repair end ahell not commrt weste or perm�t Impalrment ol deterloretfon o the PropeAy end ahall ., � �
<br /> :.i comply wllh the provlsions ol any lease If thls�eed o1 Truat is on e leeaehold.If this Deed ot Truat is on a unit in a condominium �
<br /> �'� t 0I 9 pfenned unfl development, Borrower ahall perform all of Borrower's oblfgatfons under the dec�aretion or covenants �
<br /> � � Creadnp or governlny the condomin�um or planned unit development the by-lews anA regulatfons ot the co�dom�nium or -
<br /> �_ � plenned unit development,end canadtuent documents.If a condomfnlum or planned urnt developmem nder ia excuted by _
<br /> � Borrower and recorded together wfth Ihis Deed of Trust,the covenents and a reements of auch rlder ahell be incorporated
<br /> �--r . Into and ahell emend and supplement the covenents and agreementa of thls�eed of Truat es d the rider were e peA hereot.
<br /> -�= ' 7. Prol�eWn ol L�nd�r'�S�curNy.II Borrower fafls to peAorm fhe covenants and agreemenis confemed in thfa Oeed ot
<br /> S� � ,,�' Truet,or If eny antlon or proceeding is commanced wdh meterfally aHects Lender's interest in the Property,includfng but not .
<br /> b + .� Ilmltadto,eminentdome�n.ineolvency.codeenlorcement,orarranqementaorproceedfnqsmvolvfnpebankruptordecedent,
<br /> then Lender at Lender'�opdon.upon�otice to Borrowe►,may meke such eppearances,disburae auch duma end take euch c
<br /> ' � ° acdonasieneceasarytoprotectLender'sintereaC�ncludlng,butnatlimfledto.diebursementofreae.onableettorne�'sfeesand �
<br /> � : � entr�upo�n the Propertyto make repa�ro.If Lender reqwredmoAgepe�naurance aa a conditfon ol makfng the loan aecured by ;�-
<br /> ;• ` '"'- the OeW of Trust,Borrovrer shall pay the premiums requfred to memtein such�nsurence in efleCt untU euch time a�the �:f
<br /> ' �• ? requlremsntforauchfnauranceterminaleefnaccordencewith8orrower'aandlender'awntlenegreementorapplicslbelaw.
<br /> .`� � � Ponow�r�hall pay the emount o1 ell mortgape Inaurence permiuma�n the manner provfded u�dir per�greph 2 hereol. !
<br /> �. � t Any amounts disbursed by Lender pursuant to th�s paragreph 7, with interest thereon, ahall become addltlonal y
<br /> �'° ��.��-;:.��__ Indebtednees ot Borrower secured by thfs Deed ol Truet Unlesa Borrower and lender egreeto other lermsol peymentsuch
<br /> .ar . '������.....�..w.1�V�11/r��3wWM►�IAIA��
<br /> �� , a1110Uf1iS�IfY11 DA peyaDle upon rrorice irom ienoer iv ovrrvwiri ieyuv;i'n�y yu man�na�w..a....o.w.�v..�........--.•--...-._
<br /> j� • dateof dltbureemeni atthe rete peyable trom tlme lo time on outatending princrpal under t7�e Note unleaa payment of interesl
<br /> at luCh rate woWd be contrary to appIlceble lew.In which event auch amounta ahall bear�nterest et Iho hfgheat rete
<br /> '2��.,� ,. � " � �;.;,�;�� pBrmiselble underoppllCabla law.Nothlnfl coMeined m this peragraph 7 ahall requue lenderlo incur eny expense or take any �
<br /> -. � _ �; .,;.. aodon hereunder. �
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<br /> t,� ,. . � . �. In�pMOtlon.Lender moy meke or cauae to be made reasonable entnes upon end fnspections of the Property,provided
<br /> .•`�1;•`,`.,�'��;" lhet Lender ahell glve Borrower nouce prior to any such Inspect�on specdyfn9 reasonable aause therefore re�ated to lender's i
<br /> . �:.',�;;, Inbr�st In tho Property.
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