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<br /> t� `..=t��?`�,���.°. . ` ' � ' �:-��sRdsf�r'�ixes�s��[nsucae►��S�iject��p�ttc�bteta�vora�urittenv��tverbyliandsr.,�arrai��'s��ti�y � L� �� �-_�� ---
<br />— �F �` t�tender�nthedaymorttttfyp�ymenffiotprinatpaiendfnterestarepa�Ia�teunder3;h�t+.Jt�t�,�ar�4tl:tProNo3�ts�a#db� . � ��� _ �
<br /> - �.n: � � futi.esum(he�efn"Furt�s"je��a!tg on�twetftP�at the yearty taues and asse�tli�#ti�{�r�tiading corbamintum�nd , �, �,� ,
<br /> ; f� �. ° � piannedunitd�Iopmentassassrrtents.itanyDu�t+tcflmayattatnprtor[tyo°,raTthi&.t��:o'fT�eat��rt�gt�ur�re�4a+an� y ' x�;, --
<br /> ��' � .`��;:�� the propertN,if eny.�tus onatw�lfth of yeariy premium instaltt�ents 4or Aazerd,tnsnPartcB;pius ona•�ireifth o#ya&tnt� �;., _' �,
<br /> �� f ;' .,�= premiumt�sffi1Jmenistormartgagsinsurartc�ifany:�ttas[�ason�btyes�timaUadinit�atiyatitltnDratlt�stttttm�byL�:+�a�� -� # � `A
<br /> "` � orethebas[sofassessmenmaradb�[sandreasonabtsesiimatestfneteaP 8amowevshaiina#fsaobiigate0tama4�e�e � . '���.
<br /> , - paymer�ts of Funds to�endsr to the extent thai Borrower makes sucP��aymefltr�,to�titi�:Ptotder ot�prlor rrto�a�ea� " -
<br /> daed of tnsst ff s�ach hoider Is an ie�stituitOna!tsnde� . : _ `�' �, � _-
<br /> �_ � _�,�_ If 8nrro�rer pays Funds to Lendet,tha Funds shali be hetd in an instftution ttie d�pos�its cr eccounts a4 wittt,�t� __ ___ _
<br /> , r :� insured or gua�antesd by a Fedsral or�tata agency(inctadtng Leeuder ti Lender ts:�daait,an instiflatton�.L�ndsr _ -..
<br /> :��`� '�`��" $ppiy the Eartds to p�y saId taxes.assessmar�ts,insuranca premiums and grouttd;rraM�.L',ertder may nat char$a tor� . ; �
<br /> _ �: ����;�::.m;=Y,,:-�.,, sohat�inganda�Plyin9theFuredg.analydngsaidaocaurtYcrvarifyringandcom�itlftgsaid�assessmeMsa�d6�i��netegs ` . • . .
<br /> '�t . `..;��.. : ,: ,:;; � LenderpaysB�no�verir►terestontneFundsandapplicab(elawpermitsLendent�a.irreilesucftacharge:Bflnalvarand . - ��
<br /> ���, ?,_.. .�.. � ._ Lender may sgree in writing at th�ti�te af execution oi tti�s Oaed of Ttt��stthaitinien�st on ttte Fvrtds shatl ia�pa�d to : . -
<br /> '�' � ' Borravrer,and untess sach agreement ts made ar appficable taw requires suclutMenssrtA be pa�d.Len�er sh�ffoat ;' � � �.
<br /> ` ? � berequiredtopayBorroweranylrrterestoreamingsonM�Funds.Liandersita(I,glve:roBnrrrn�rer.v�lithouccharga,an �� .< � � '�
<br /> .��:�::,......� �
<br /> ���:��;`:'�.':: annualacaounUngoltheFunctsshcwingcreditsanddebitstotheFurt�fsartdtitspurq�oselorvadtcheachdebittath8 �•
<br />_ ..._.. ����•�:' �. Funds was mada The Funds are pledged as additicnat secur€ty tor the sum�seaarad�by this Deed af Trust. � � =
<br /> - - ':�:�_�J': tfthe amount af the Funds held by Lertder,together with the future montftlyjiltstailtnentscf Funds payable prinr - - -Y'
<br /> : :: . , ._
<br /> to ihe due dates of taxes,a�essments.insurance premiums arN g�und rents,Sitall:euceed the arrtount requite�to ,.' �: ,�
<br /> � , paysaidtaxes,assessments,insurancepremiumsartdgroundrentsastfisyfaticiue.sualtie�ct�esssflailb�atBonowa�'s. - �� �`
<br /> `' ';' `.. �..� .� " aption,either promptly repaid to Bcrrovuer or crad'rted to Sorrower an mcr�Ytill in�atttnents at F�ands.if the amour�t af :•: � ..- . ��•
<br /> `� - ' Y' �' ' thaFundsheidb Lendershallnotbesuf�cteMto a t�ces,assessm�nts;ins�:v�cePnamiamsartdgroun�drentsas , . . i��;,��� ���
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<br /> ;�� ��:,,;=..' :�, . _ e it±�defiuiencyir�oneormorepaymetr�ts -�,,'; �;��;;���. __ __
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<br /> .. . theytall�uaQQ�.rov►t�t�h�lpaytol.enderarryamouryitn cessarytomalceup:. " .°
<br /> _ ,;. _ .... .... .. . . .... . .. - --� � - _
<br /> ,� << .. .. . . - - as Lender may requite.. - ,;;.: � : , "`1, "-
<br /> ,,`� �� �� . . UponRaymentinfullofallsumssecur�db�thi��esdofT�usC�.�r�eraYtail�r�mRtty,n�tur.dtaBomoweranyFunds ; �f�, ... . c r��Fff ,�
<br /> _ :,.. �� � . heid by Lende�If ander paragraph 17 hereof���.�i�is sotd c*�;t�r,z Pro�te+�y,,4�otttenvise aaquited by Lenctsr,Lendsr �'. .. . ,�s� °
<br /> ' � � � shall app{y,no tater than immediatety prior to c��;���€,tt�e Propetty or its.aaqpi�itf�n.by Lertder.any Funds ftald by �f�<��� �"`-
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<br /> � ... lender at the time of aPPlication as a aredit ag�."`��se sums s2�,uted by tri��Deeil.ofrfitst. .. � -., �-`°�° r=�
<br /> .. ., . 3. Appil�atlonofPayrtients.Untessapplicabie.lawprovidesaiherwise,all��pay,me�tsr�ceivedbyLenderunder :<:�ji , .,���,;
<br /> � • the Note and paragraphs 1 and 2 hereof shall be�pgtted by Lendertirst in pay,msirt;afamourtts payable to Lendar by ,�,
<br /> � ' Borrower under paragraph 2 hereof,then to i�te��ayabte on the Nate,and�tiien�tatfte principai of the Note � • ,� s'�}'
<br /> 4. PNor Martgages and Oeeds of lirust;Clc�;Ltens.Borrawer shatiiperform aIl'of Bormvrer's db1igations�� � . . , � j�" -
<br /> ,� � under any mortgage,dead oftrust or othar security agreement with a lien whi�f��NHS Rrdnrity ovec this Deed ot Trust, � : ,:.� ��;
<br /> � i. `� � � inctuding Borrowrar's covenants to m,-�f�-.�ayments when due.&a�awer sheillpay;�on cause to ba paid all taxes, �'�� � ,,;,��,.;{� � .
<br /> �:!: �,,.� -. , ..�. t< �. t: �
<br /> , � � , . � ;. �.: .: assessrt�entsandothercharges.fi�os:�iGhnpositionsattributa'�u%��.2t�eProperfyvuiticM,m���inapriorityovarthis �ti� j
<br /> `�•� ` '� `` ' Oeed oiTrust,and leasenold paymenisor round rents,ii an :�'::,:�,:� � "�}'�
<br /> `,; ?,;��f:<<;': ; ; '9 Y � ,.:�;�. « :`..
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<br /> ,. , 5. Hazard�insurartae.Bor�ower shaii keepthe tmprovemea�tsnow existing or hereafter er�ected on the Proparty �
<br /> at
<br /> : ' . �it�ure�against ioss by fire,hazards inctuded within the term"ext�nded coverage';8nd such other hazards as Le�edsr '`'''�i�
<br /> ,, .
<br /> � . . may require and in such amounts and tor such periods as Len��z may require , j.��: ,
<br /> : � � Theinsurartcecarrierprov�dingtheinsuranceshallbychosemb;,8orrowersubjecttoappr�svalbyLender,provided. � �.,,; ._
<br /> �sva �,�
<br /> - � � ". • that such approval shall not be unreasonabty withhe►d.All insur�pottcies and ren�►val�tftereof shall be ln a f�mn : ::•:;r.o,;r�>��1-�
<br /> : ��• •,, acceptabtetoLendbrandshallincludeastandardmortgageclauseintavorofand3na�rm.�ccepiabfetoLendsr.Gen6er .h�*�"���`;
<br /> � � shail have the right to hold the po�icies and renewals thereof,subject to the terth�of�any mortgage,deed oi trusl or :;;,� •.�1��,jb-:, ' :.
<br /> �; �; . ., other securiry agreemant with a lien which has prtority over this Oeed o1 Trust. � � �`°�'`�� '��; �; ;;
<br /> :T;�;;:.
<br /> :.•;;G � • � Intheeventotloss,BorrouvecshallgnrepromptnoticetotheinsurancecarrterandLerodenLendermaym8keproot . . ,. �.;;�,'r.,: :;,•'.
<br /> '' ' .. oi loss if not made promptly by Borrowar.
<br /> '���kf�'�.r
<br /> , � � If the Property is abandoned by Borrower,or if Borrower faits to respond to LenQerw3tnin 30 days irom the d8te � ��'``���z�r;"':'�"
<br /> � noticeismailedbylenderto8orrowerthattheinsurancecarrieroifersrosettteactaimfor:insurancebenefits.lender`�� �'i� �''���`��"-�
<br /> ` � . P P (� A A8 '. `'��,�,.��,.-�_
<br /> � • � • 'sau�lsorizedWcolfectandapptytheinsurance racs2.dsatLendePso tioneithertorest �tfanorre airotthePr� rty'.:. ,�,,;.. •:,,..
<br /> ��: -� , � or to the sums secured by this Deed of Trust. • ' � ' � ri�;, "j`'
<br />°'��� � � � � 6. P�eservation and Maintenarr��o9 Paapeirty;�easet�¢l�;Condominiums;t�lunr�ed UroiB Devebpments,. "�`A`�
<br /> �.� ,��:.; : ,,,.;:::
<br /> rr:;s;; Borrower shali keep the Property in gcod repair anQ shall not commitwasie or permit impaitment or deterioraiitin af• �yt�'';��
<br /> t�''•��'��� � .. the Property and shait carti�ty wiEh the provisions a�any lease ii this Deed of Trust is on a leagehold.It this Deed af �;
<br /> - .�;d�`::ti<i. � � � e �r;.� .
<br /> �7��� ��Trust is on a unit in a coRd�tr='nium�ar.a ptanned unit development,Borrower shall perform ail a}Borrower s obfigatinns
<br /> '� ;,. �
<br /> ' ` ����s� underthedeclarationwr,�venantscraa7ngorgovemingthecondominiumarplannedunitdevelopment,thebyta�vs
<br /> � � . � .,,,.. . ,;t.'.
<br /> ., r.�. •':;:, and regulations of tha condominiu.m c,rFlanned unit development,and constituent documents. �
<br /> �_ . ' . 7. Protection ef 6�it�er's Seacci�l.If Borrower faits to periorm the covenants and agreemBnts contained inihis �.
<br /> � : ; ; � �• L?wed olTrust,or i1 a.n�!a�iiCr>or pr�ceeding is cemmenced which materiatly aftects Lender's inter�st ire the ProAariy. i
<br /> ' .. "•`',•'"� ' tloenLender,atLend�sefiion,uponnoticetoBorrawe►,maymBlcesuchappe3r�trtces,disbursesuchsur+ss.inCiuding { :
<br /> , =.: � �� reasonat�Fe�xorneys''fc�,andtakesw��actionasisrceceas�ryt�cn;�:2ctLender'sinterest,H�l:enderreq�iredmortga�a . � ,
<br />�c � ;�%' . ' � iosura�ce a�a condition of makirtg Ur.a`can secured by this Qo�3a:f'�!ust,Borrower shalfpay the premiums require� ,,. •
<br />�.`� `�%�r , to maintain such insurarcce in eNect urt4i{such tima as the requirem�nt for such irtsutattae temrinates in eccardf►nr.e � �
<br /> •� :�;;,f;' .. . . . , ,.
<br /> _ .�,;.,,,. . tartth Borcotiver s artd Lc3rrder s written agreement or applicabte tavn . .
<br /> ".k`;:!��"�C....i. .
<br /> � �•,;:�,;,;,,: . Myamour�tsdisbursedbyLenderpursuanttothisparagraRP�7,vrithinterc�s�t�enaart+.at�ttteNbierate.shailbat;o�s ,
<br /> � :�; �. . additionalindebiednessofBorrowersecuredbythis0eedofTrust.UntessBarrc►v;�nartd�ilenderag�eetootherterms ;�
<br /> ' �` � oipaymeM,suchamountsshail6epayabfeuponnoticefromLenderioBorrawerroquestingpaymentthereof.No2hing 3 -
<br /> ���, `¢:_ , . . � contained in this paragraph 7 shall require Lender tc incur arry expense or talte any,�aattb��itereunder. ; :
<br /> �_ _. 8. Inspectlon.Lertder may make or cause to bemade reasonable entriea u�uu,a�nd inspecttons of the Praparty. �
<br />' `s :,_r. providedthatlendershaligiveBorrowernoiicepriartoanysuchinspectionspeait�),ng:rts�sanablecausethereforre184ea1• �
<br /> �'� . � , to LeRder's interest in the Property. • �
<br /> � 9. Cendemrtatton.Theproceedsotanyawardorctaimfordamages.direatcnaansequential,incennectionoYith '
<br /> `' � ' anycondemnationarothertakingoftheProperty,orpartthereof.orforcor�veyanGeih•tt�uof�cand�mnatton,arehateby �
<br /> ; �.
<br /> � � asslgned and shall ba paid to Lender,subject to the terms of any mortgage.deed'af�trust or other security agreement . !
<br /> . ..
<br /> �_: :_s..__=��___. __ with a lien wAich has pr�ority over tti�s Deed ot Trust. � .
<br /> � t0. Bomovrer No�Reteased;Farbea�aece By Lender Not a Waiver.Extersstan ot�tRe time for payment or � - � "
<br /> � ' � . . � madification of amortization ot ths sumssecured by this Deed otTrust granted by Lend�lntcb any successor in intetest i
<br /> �• ' � of 8orrowershatl rtot operateto retease.in any manner,the liabitityof the original BarrC�wlttaad Bnrrower's succe:�xs ;
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