|
� __ _ , ..�nw■ 5 . . . _. . „��sw�w�.�'* . . .. :`7Fy;�rF. ..
<br /> �.: - .. +�'� ea Mal�!W"'A��icfw ••, - . . ..-'i0lbYly�' d Y 3q+.- .. ,. ._ .. � � 't��.'',� ,. - . -y t�,.�1.:,.._ _ --�-_ _ °` .--
<br /> � � r � ,.:- ,.
<br /> n
<br /> n Y . : - -.vnisL+ {�N .y j•oi �I.t'
<br /> ' ."TRA t -.. . . . - .. .
<br /> .._ .._.-,_�. — — _ ..__. _ _._....�— .._:.'.s' - -
<br /> . ." A ".•_.. _._� - T.r:-.�._._�_� •�_�_ _ • ... _.... _.__-
<br /> � . . . '!L'_ ' .. _.. .. . ..-- . .._ _ �`�'.'��.Yi�'[�{7i1{1+�� ,
<br /> ?�' �/
<br /> w. :.., � ,�.y;;,�,�,�y��n,�-i '
<br /> � ` S 'l' - - � ,. ..r� -f;h' V L � T_._
<br /> �,.�4.!, ��� .. '��li:ifi%d.:
<br /> �n . _ ' . . • . � . . - . _._.�._...._..._ . ..
<br /> .
<br /> ' � ._,_.._•_..._..��_._..,_.._._.� ........... . .. '
<br /> .. • �'+.�.�t __—_..
<br /> ,. ,;� .. � 94- i�2i83 , .�.��__-----
<br /> • UN(f�vF�u►60V�NANT3.8orrowet and lender covenant and agrea as tollows: ' °.`.� : :="
<br /> „ „ t. PayMMt of Pdnetpsl�nd Int�t�f� Borrower ahall promptty pay when due the princlpal of and interest on the . " .,�• �*r:- _
<br /> ; Ind�bte�naesevldencedbytheNote,prepaymentandletechergesasprov�dedintheNote,endtheprinctpalofandlntereston �,
<br /> • t►ny FutureAdvan�ea sacured by the 0ee�ai trus� � � -- -�°`;-�= --
<br /> ' �. Rund�tetTsx�tandlnsuranee.3ubjecttoappllcablelawortoewrlttenwaiverbyLe�der,8onowershellpaytoLender
<br /> - ° onthedaymontblyinetallmentao!princtpalandmtereatarepayebteundertheNote,untilltieNoteispaidlntul�,asum(heroM � - �
<br /> • "Funds")equel to ane-twe�fth ot the yearly texea a�d 0eaeasmente whfch may ettein prforlry over thla Oeed ot Trust,end �
<br /> flround�enbontheProp�ty.ttany,plusone-twelRhofYearlypremiuminatellmentaforhaserdlnaurance,ptuao�e-twelfthof
<br /> yeerly premlum Inetettrrtents for mortgage inaurance,(f any,al►as teasonably esdmated tnitfelly and trom dme to dme by
<br /> . Lertdar on lhe baais ot esaeasments andbills and reaaonable eatimates thereof. ., �� ;;
<br /> The Funds ehetl be held in an instltutlon the deposlta oreccounts of which are inaured or guaranteed,by a Fedaral orotate „ �
<br /> ugenoy(including Lender It Lender is such an insdtution�.Lender sha�I apply the tunds to pey sald taxes,agaeaaments,
<br /> fneuranae premlume and ground rents.Lender may not cherge for so holding and applying the Funds,analy�ng aald aacount
<br /> � orverllyfnpandcompiUngsaidassassmentsandbil�s,untesaLenderpeYa8orrowerinterastontheFundsandappliaablelew .
<br /> permlte Lender to meke auch a charge.Borrowerand Lendermey agreein wrlUng atthe tfine of executfon of this Deedof Truat
<br /> thet Intereat o�the Runda shall be pafd to Borrower,and unlese such agreement Is made or appIlcalbe law requirea duch
<br /> � Intereat to be pald,Lender ehall not be required to pay Borrower any Intereat or earni�gs on the Funds.Lender shall glve to
<br /> Borrowet,wlthout cherge,an annual accounting of the Funds showing credits and de6lts to the Funda and the purpose tor
<br /> whlah each deblt tothe Funda wes made.The Funds are pledged as addltional aecutlry for the sums secured by thts Deed ot � ,
<br /> Trust
<br /> ' It thff amount of the funde held by Lender,together wilh the future month�y inataltments of Funda payable prior to the due
<br /> detea ot taxos,esaeassmenffi,fnsurance premiums and ground rents,shall exceed the emount requlred to pay eaid texes,
<br /> m
<br /> - ebeeesmente. Ine��►Ance premlums and ground renta es lhey fall due,such exceas shall be,at BorrowePe optbn,elther :• •
<br /> ,_ , � promptly reDald to 8orrowor or credited fo Borrower on monthly instatlments ot Funda.lf the amount ol the Funda hetd by
<br /> , Lenderahallnotbeautt�ctenttopaytexes.assesaments,innurancnp�8inlumsandg raundr�ntsastheytalldae Bo►rnwarshatl ,,_,._..
<br /> pay to Lende�any amount neceasary to make up the det�lency withln 30 days from the date notice fs maded by Lender to � ' -
<br /> Borrower requosting payment thereot. i , '.�
<br /> Upon peyment In 1u1�of all eums aecured by this Deed olTrus�Lender shell promptly refund to Borrower any Funds held by „ �
<br /> Lender.lt underparagreph 18 hereot the Property is sold orthe Property Is otherw�se acquited by lender.Lender shalt apply.
<br /> � no 18ter than immedlatoly pnor to the sate ot the Property or its acquiai t fon by len der,an d Fun d 9 h e l d b y Lender at the ttme of � ,
<br /> appUcatfon as a aredlt egalnst the sums secured by this Deed of Trust �
<br /> 3.Applloation ot Pa1Ief�nt�.Unless applicable taw provi des ot herw�se,a l I pey m e n t s re c e i v e d b y L e n d e r u n d e r t h e N o t e I
<br /> and per8graphs t and 2 hereot shall be apptied by Lender hrst in payment ot amounta payable to Lender by Borrower under „
<br /> p9r8greph2hereof,thentointerestpayableontheNote,thentothepnncipaloflheNote,endthentofnterestendprincipaton �
<br /> any FutureAdvances. .
<br /> 1 4.Chsrp�si Wns.Borrowers shelt pay all taxes.assessments and other charges,tines and impositions attrlbuttible to the . ��;—
<br /> Property which mAy ettaln e pnonN over th�s Oeed of Trus�and leasehotd payments or graund rents,if eny,in the manner , � _.� 1
<br /> provlded under peragraph 2 he�eo�or,�f not�aid�n auch manner,by Borrower making payment,when due,directly to the _�
<br /> payee thereot.Borrower snat�prompt�y fum�:.. 'o i.ender ali�oiicnb 41 entounts du8 uRds�thls paragr�ph,and in th$event
<br /> 8orrower shall meke peyment directly.Borrow�+r shell promptty furnish to Le�der receipts evidencmg such paymenta. • ,
<br /> Borrower ehall promptly diacharge Any lien which has prarity over thia Oeed of Trust;provtded,that Borrower ahall not be ,
<br /> requtred todischt�rge eny Ruch Iton sa long as Borrower shall agree�n writmg to the payment of the obUgation secured by such : .
<br /> Ilen fn a man�er acceptnbte to Lender,or snall in good tailh contest such lien by,or detend enforcement ot such Ilen in,legel
<br /> proceedinga whiah operate to preve�t thR enforcement of the lien or forfefture of the Property o�eny paR thereof. �� f
<br /> d. MattM tn�urana�.Borrower ahAlt keep the improvements now existfng or hereaRer erected on the Property insured
<br /> agatoa!low.byl�re,hstar�s�r���!�±!+�wan�n the twrm"extended coveraqe",and such other hazarda as Lender may reqwre t• .;:•�I�I
<br /> and In auch emo�nta and for nuc n pAnuds as Lender may requ�re:prov�ded.that Lender shall not reqwre that the amount ot ` , • • .;r
<br /> auch coverage exceed thet nmount uf coverege requ�red to pay the sums secured by this Deed of Trust ; ;~':�'�i
<br /> Thlsinaurancecernerpruvid�nqtl�umsurancc�sha�t bechosenby BorrowersubjeCttoepprove�by Lender:provided,that
<br /> euCh epprovel shalt not Ao ut�m��ui�:►biY withhe�d All premwms on insurence policies shall be paid in the manner prOVided � �
<br /> u�dUt pet8g►eph 2 her0of nr.d not p.i�d�n wch manner,by Botrower making payment.when due.dfrect�y to the insurance '
<br /> � carner. ,
<br /> All insurance pol�c�o�r�nd rnnt►w+u�:thuteot Shall be m lorm acceptable to Lender and sh811 include a st8nderd moRgage
<br /> ClauBe in tBVOt ot end m fqrm nccoptoble to Lender.Len der ShAll have the nght to hold the pohcies end renewels thereo},and ' �,��:'�
<br /> ' Borrower shall pramptly furmeh to 1 e���der ull renewa�notices and alI rece�pts of paid prem�ums.tn the event ot Ioss.Borrower
<br /> I sh811 gtve prompt nnt�co to tn�i�na��rnnco cerner nnd Lender.Lender may make proof of loss�t not made promptly by Borrower. ,
<br /> Untesslender and Bnrrower ulnurw�sa ngree�n wnt�ng.�nsurance proceedsshett beapptied to restoration or repair of the
<br /> Property damaged.prav�d�+d suah«+sturntwn or repair iseconom�cally fe8sible end the secunty ot this Oeed ot Trust�s not
<br /> thereby�mpauod.It such rer,lar+t��ou nr rNpnu�s not econom�cally feasible or rt the secunry of th�s Deed ot Trust woutd be
<br /> � �mpa�retl.the�naurnnCO proco�+as snnn de appned iu It ie sums sewred by this Deed ot Trust,w�th the excese,d a�y,pA�d tn
<br /> ' Borrowec It the proporty ts+�bando��,d bY Fsurrower,o��f Borrower 1a�ts to respond to Lender wdh�n 30 days from the date
<br /> � � nOt�te�S mo�lad dy l.Nnder tn H�;rrnw���thn�th���n5ursnr.e carner oflers to senle a cla�m for�nsurance benetits.Lender�s
<br /> i � authonzed to toll�ct yntl apy�y tho�nr:ur:ince nrocr.eds at Lender's ophon either to restoration ot repeir Of the Property ot to
<br /> the sums secured by ih��Dead u�1•��=��
<br /> UntesBlender and 8urrowo�nth�a w�so iiyrEte�n wn t�ng,any such apphcaUOn ot proceedsto pnncipal ahall not extend or
<br /> postpOne Ihe duo deto at thn montmy�n,tnuments ratcarre�f to m paragraphs t and 2 hereot or chenge the amount Of suCh
<br /> installments.Itundvr pnrt� rapn tH nw„ut ttiti Pr���ieity �sacquued by Lender,au nght,Utte and mterestof Borrower�n and to
<br /> any insurance pot�C�es en��n��nd tc�th��prnc.��o�f.Ihereol reswt�ng from demage to the Property pnor to lhe sale or acqu�sd�on
<br /> sh811 pessto Lender t0 thu�►xtoM�>>��u���u����������.��rod hy th�s Oeed Ot Trust�mrned�etely pnot to suCh sale or aCqu�s�Uon.
<br /> 8. P�eeervatlon and Met�tonancu ot Property;Loeseholds;Condominluma;Planned UnN Developments.Barrower shal!
<br /> keep the Proparty�n good ropmr nn����iuiu��ut<<�mm�� weste or permd impa�rment of detenoration ot Ihe Property end shatl
<br /> compty w�th tho prov�s�ons r�f a��v���.,�,�,,r�n��,t�����a��i Tr ust�s on a leasehold.lf th�s Oeed of Trust�son e unrt�n a condomimum
<br /> • • ur a planned un�t dev�nopmen► H��r��,�r� •:i�uu u�rrWrm ali of porrower's ob�igabons under the declarat�on or covenants
<br /> Creatmg or governing th�c�ma�,n�u��um�u pi�nr���d u►�d development,the by-laws anA regulations of the Condom�mum or
<br /> p18nned umt devR�opmt►M nn�1�.nn�.o�u�mt�1���um��nt�il;►r.ondom�mum or planned urnt development nder Is exCUted by
<br /> � Borrower and recorded togo-�m�+r wnn�r���;I)a�m+�i� I nr:t�nr,covenants and agreemeMS of such nder shell be incorporafed
<br /> ' into8nd 9hall emend unq sunP��•�������'�►��'���v„"'u'r�•�n'1�yreemeMS of this Deed of Trust as�f the nder wero a part heteof.
<br /> � 7. ProtsCtlonolLondoroSocurMy �Ili��rr��w��i�•ui•.inpQrtormthecovenantsandagreemeMscontained�nthisDeedot
<br /> TruBt.Of��Arly tiCtiOtt pt(1fUCt!Ndin���•,��m�n���������t��th mntenauy eNects Lender's mterest�n the Properry.mclud{ng but not
<br /> Iimltedto,emtnenttlO�nnin.mnuwnn�v ���u��emluri.emrml.orarranyemenlsorproceedmgs�nvolvingabenkruptordeCedent.
<br /> then Lender nt Lfmdcr s r�pt�on uP����������'�'�i�����nnwe� may maKe such appearances,disburse such sums end take such
<br /> 8Cti0ni18�St�CCt?39ArylOpttlfPillcnd��r•,in(r�inst ����_i,i�un�.butnott�m�tedto.disbursementofreasonableattorney'sfeosand
<br /> entry upon the Proporty to mak�+rup�nr, u i�,n���r�rr�qu��r� mortqqge in3urance as a cond�bon ot mak�ng the loan secuted by
<br /> the Deed of Trust.8unow��� �,n��u��,�y nu�prom�uur. rnpuuad to maintnm such insurenCe�n elfeCt uMd suCh Ume es the
<br /> f6QW�Qrt19f1t fOf;;uCh rt�!iUr7RC��t��rinm,lt��';����u� ���4�u v,ewith Horrower'sand Lender's wntlen agreemeMOr appI1C81b@18W
<br /> Gn..nu.n.ahall nau 1hw amnunt„t.ui nu,rtuuua�rr.�r.�nce oermwms in the manner provided uncier paragraph P hereof.
<br /> r Vv Any 8rt10U�tS (1t4bUt90i1 hy i un,to� ����r�u.�nt i�� u��s paragrnph 7. w�th mterest thet00n, sn91t bBCOtn@ 80a�t�ona�
<br /> ' �nd8btednessotHorrow��rs��r.u����thv����•,1��u��1�,t i�u•.��.�r��ess8��•��werr�ndLenderagreetoothertermsotpayment,sucn
<br /> , etTt0ut1t88hAllbeDayubluupun n��h���h�����������1������ Nwrc�w��r reduestmg payme�t hereof.andshallbear�nterestfrom the
<br /> d8teot di9bur9ement r+t thn r.u��unv:mi���r�un m��n u�i���m�ir�nulstandmq pr�napal under the Note untess payment ot�nterest
<br /> , � at 9uCh rAte would be cumrnry tn .�pui���,in��� i.�w ��� �v����h ov�+nt such amounts snau bear mterest at the h�ghest rete
<br /> • � ; pe�m�asiWeundernppi�cntlainwNuu��r���nn�mn��.i�r�mr,�r,u.�qr:�pn/Shallrequ�reLendertoincurenyexpenseortakeany
<br /> , acUOn hereunder
<br /> ? • 8. 1t16P�tI011.lttnd��tm:�ymacr�u�,�,r.�•������.���.+nr���.�•.�m.u,i����ntnpsuponandinSPechonSOttheHroPerty.Prowded
<br /> Ih�tLendershnilqweHo�r��w��rnuu���p��������_u�v •��• ����������'���'��''�r�•���v�nqret:�snnabiecxusethereforcrelatedtolender's
<br /> mterest m the Propiftty
<br /> :
<br /> �
<br /> >
<br /> . �
<br /> , �
<br /> _ � ' i
<br />
|