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<br /> -• -'`.: - UNtf�FiiiA�COV�'�NT&E�llr��Wer and Lender covenanlenQ sgrp�as tollaws:. ' � _-
<br /> � ;;<,. .:•` � : :., st: .
<br /> � „ },•` �� 1.Pty�ee�t of P�Qp e d�t an l l I n t R a e L 8 onower s Aa i l pramp t f y Pay w Aen d ue t he Pnnc i pa l a�an d F n t eres t o n t h 8 � •.� :;� --
<br /> :��r � " `` " �ndebtedn�sseWdencedQytheHaas,prapa eMendtat9t�hargesaeprovidedinlheNat�endthBpnaGipatotandin0ereston , °'? � :� -
<br /> . ..�'° anyFuWtepdvanceo�aa�tredbythe�7tust � . < ' , , �; �_,--
<br /> ��°` ' Z.�undatmtTs�+u�d[n�uraeeeaSub ectto&pplicabfalawortoawritten+nraivorb Lertder.�o�ar�erehati toLender _ < '",�'' .. ',���=,
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<br /> - � ' ont9�adaymonthSyirtr�itmar��otptInclp�and�nteteatarepayabteuadtrtheNote.untilthelVotelaD��ntu1l;asum(nerctin � _.:: __
<br /> , � � "Funds'�equal to ana-Mrelfth ot the yearty taxea end aSSesamenta whfch mey attain priority over th a Oeed qt Trus�and. ` ' �,.� ' �-�.: `� �
<br /> �.� ' graundrontoanU�aProperty.iis�ry.ptusone-tweiftrtotyesrlyPre�nluminamllrrtentstorha:ardinsuranco,ptwone-twelfthct � �`:'�}���� s� ;' - ,_ -
<br /> `- - -... < l.en��onmttse Qa��f ea�ae�bt►t���flA biti�Md rB 80tlembl$�metes�iere�oR�mated iniUalty and irom tttne tu ttme by S Y'. _ '`
<br /> � , .� ThoFund�►shal{behelSirrBnina�tutlanthodepasi�ar8ccour�4satvrhtchare�nsuredor barenteed.byaFedatalorsfate =
<br /> �: �. �_,: agertoy tlnu�uding lsndar ff Len�ter fa such ar+ieatiiu�an).I.+ander ahati qppiy the tunds�opay a�id�xee.assease►eMn.
<br /> •. insura �pRtmtumaenOgroundrentaLendarmay natehargefornohof�ing andappiyingtheFunda.anatyzingaatdsccount �
<br /> arveri�tr�9andcomp�lingasida�essmentaen�tbili�unteasLendsrpsye eorroweHntereatontheFundaend plica51e1a� 'S�,',', p,�°
<br /> pertriR�L.endatt�mBkE�suchacharg�8ar�werandlen�etmaya�rainwdUtingatthettmeotexecutiortollhia�eedofTrust , - �. '���
<br />- that intetest on Me Fqnda shal{bo psid to Borrawe�and uM�.s sueh agreement ia mada or��cu 6a taw requirea such• ': -, . � .". ` �F:
<br />- �" �` intereattabep�idLendera4�atlnotbarequiredto�rayBonoweranyintecestorearning9 enthaFunda.Lenderat�aflgtv�W�:.:,.;• - ��
<br /> � • � . Borrower.witf�outcharge� .an anrtua1 aecaunting of the Funda sAawtng creQits and debite to the Funds and thepurpa�.iar,�_::;'. :, �,;
<br /> vrhicttQachd�blltotheFund9wasmade.TheFundsace�ptedgedasadditianalsecuritylorthesumssecu�edbyth�a��f � � Y �:.
<br /> ` ; �`�� : �ry(f8tt►eamauntaftheturtdeheld lendet,togatherwitht8etuturemonth mstaltmentaofFundspaytebtepriorto,ffia�>� � ��:��t{ -
<br /> ` d�t6s of t�as.asssssments.fnsur�ance premiums and graund rents.shallrye�cceed the amount required to pay said tazaa � . 2 � 'n n`,�� �"�
<br /> :.:, ,.i�- :. . =: . . � -
<br /> ; ���,. a9sessment�insuianice premiuma and ground rents as they fatl due sudr ezcess shan 6e,at Borronrer s optEon.eNher . •�,;;;.::: � :.'y����f;,:;,;,. �4,�r t x �
<br /> t- �;_ . ' ptfy repatd to 6ortawet ar credited to Borrower on monthty inataliments o!Funda If the amaunt ot•th�Funda hetd�bY ; ,�;,, 4 .�
<br /> �r ,. �;�` ��. � �ersAalirtotbesuHicieMwpaytaxeaessess�nenb.inswraacepremiumsandg fQtit�t2flt$83Bl8JIf81IdI1�BOROWBf8hall � r� � ` °'
<br /> ��J'�`����a: �' #�y o lender any amount ncaCessBty to make up the deficiency withtn 30 days f rom.:t�c��ta nattce is mailed,by LenCer to '�` ,��� n
<br /> ��. .°�'�:l•;�;� •��,� � anrrower requestirtg paymen!thereoi I �:.'.. �. � :. `` �:� ' ` :� _
<br /> UponpaymenttntuilofelisumsseCUCt�bythisOeedofTrust,Lsndersfiailprott►plfyc�t:sr��3'�:':!�?iveranyFundsheldby ������' >r�' `��
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<br /> �' `' � " Lender.Itundarparagrapht8hereottheS",^�ert�rissaldorthePropertyisqtAerwiseacquiredD�l�er.lendersfiallappty. `i �: s:-�_.'` %
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<br /> �;.;', .flo�8tarthanimmediate dotW1hesateo€th:ePre ar(1secqu�isihs^,e�a€� Lender.andFunQ9�e?3!�yyLendiaretthetlmeot {�.. ,•t;r'.• }`
<br /> _ r. .. .. . . - ��applitgtianasac�ad�taga�n9itlte-sumssecured.bythtsQesd_otTrust� . : .. . : . �t-,�',;�, • 3�'",�``. �--
<br /> • ' . �:3.Appl(ratian af 6� Unt9ss applicable Iawp otha�e,atl a ments received b Lender under ths Note ' ' `��"'� � �� —
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<br /> � ` ' aad paragraphs t and 2 �*sflfshall de eppfied by Lend��in.p�ym�itotamounb payabteto Lender by 6orrower undQr , :; ;��,�,�,. _; °=
<br /> ' paragraph2�her�ot,thent�u�tecestpayab�eonthefYate;thent��:e��cvpaloftheNote.andtheniointerestandpeneipalon . . �.;�;�;4.. . , �.r' ,Y,�—�
<br /> � � any Future aavan�e,s . . � :.... .,�y `::.:• . :, , .... _ .-
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<br />_ ' . . �?�� : 1.CharQe�,;�.fil�Bqrrowerasfiallpay aittaxes.assessmenband �rcha�ges.finesandimpasitions9ttributabtetothe:.�.:':.:..•: 'T� . , ^��fF.��
<br /> , . �� ` Property whtch may at��a prioritf►over this Deed of Trwt end tease�utdpayments ot ground rec�s.ii anyR in the�irenner ::;;�?'.`; .�[`.�:"• �.� :�°''�.`,-
<br /> :,,��>y,,,,�y;� qrovided under paragraph 2 hen�1 or,i1 rtot paid in suctf manner.by Borrower makin� ymen�wlien due,di�y'co the . - ' ' �'��yr,; . 'i's •:". �``
<br /> ! . � ..;:�.; .. �yeathereotBorraaiers�VDromOUytumishtoLendesallnoticesolgmountsdueur�thisparag�ept►.artd�:�t'��vent , ; lf,.�. �,`. ' ��. -�. .
<br /> '�: ' ";`':``�:7`' �- � �ar�ower shall make B 4ireeuy.Borrower shai�FrompUyr tumish ro Lender cvcs�pts evidencing suctr�ents. .�i��: ,-. •.'. `�'.:.:� .
<br /> ;,.,�..�.,,.,�,. ,. ..:
<br /> - ':i'�� '� Banawer shai! rom d' e an lien which P�as no over this Oeed of T 'a�ded Lhat rrower sfl87:not bs �
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<br /> � `'� e4 t9 a 9 Sr 9 Pa3tm ',s:
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<br /> "s;;:'.,,,�. ..-.:3 � r uiredtodtscha s trysuaitirensalon asBorrawershalla eelnwriUn tathe sntoS�oa�.'��ensecured6yauct� �... . �:;�',:: �`'
<br /> ;:� �•�,'i+f ` ` �:,i;..: liflrl in a m&nnexaCCeptebl8to Lende�.ors7�,i1 an gaod taith contest suchizen by.or Qaleri�e,�tor�cxi�atof sucf�lien in.legai .. .. � *�aU�
<br /> .:;:�. � 1 ���;�,, ptaceediags whish o�erate to prevenithe e��PCement otthe lien or fo�tuna of the RiS�enyecar.��part thereot `;'�,�..; �,'" r :��' .
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<br />_:,:i�, �,;.,,:.;.,;...� .; � 5.Hassrd Mavre�e�.6orrower shall Ereep the improvements now aui�g or ho�ites e�ecE+r-�an the Propery�,�sured 3 t•:�.; . f�T>;.
<br /> .^r • ',';.<� $gainst toas by 6re,h8satds included within tha term"extanded cavarag�":and suah�1her Aaz�rC's8s lender raaayr�quire � !;;"�l�;,:�,, . '
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<br /> . and in such amaunLa and for sucP�periods as Lender may require-providzd,2Aat tss�drsr shalt not[e ulre that the ar.�pam4 of r:r. ,_ ,, ;d>,
<br /> .� � such CovaraQe exceed thst amount of coverage required to pay the sum�secured by±3tis Oead of Tnisi '� ''`, - ��'
<br /> • • � • ThlstnsurancecarderprovidingtheinsuranceshallbechosenbyBar.vwersubjecttoapprovalbylende�:provided.that • , �. '..,=�� ,
<br /> � • � such approvai sha11 rtot be unreasonabty�ri��eti4 AU premiums on�nsurance pbliCies shall be paisi�n the�manner provi�ted � . • , • •
<br /> �. . ' � ' .' under pa►agraph 2 hereof or.i1 not paid in mi�h manner.by BoRawer making payment,when due,duectly to the insurance � �
<br /> . . carrter. s `
<br /> AII insura�ce poUcies and ren�wafs�e�o1 shall be in torm acceptabie ta Lender ar.d shall include a standard mortgage �
<br /> ',� ��;.�,;��'�,,: , . clauseintavaofan4intormacceptab�OEaiender.lendershatlhavetherighttohotdthe��ciesand�enewaisthereof.and k. _ ,;' .�,.=�s�-
<br /> �;r,;,:,�:•..; Borrowershatlprompttytumisht+�l.enctera3lrenewatnoticesattdallreiceiptsotpaidpre�ru�:,s.tntheeveMOtloss.Borrower . .��/"••�,
<br /> - ":�;�,,;,;;,�,. :�- .�..;�; shsifgivepromptnotEOetothei�s•rrancecaer,arandLender.Lendermaymekepro�tottss'ssifnot:�a3eprompttybyBorcower. i � r"�'��'
<br /> • '�t'' • UntessLenderandBorrowetotherwise2g.eeinwriting.insuranceproceedsshatibeapplied�'r�loraUonorrepairofthe `• . '�:`�°' � �.��-
<br /> ;,' .{.,..;-
<br /> '� . _. ' ',�:�,i:. PrOperty dempged,provided such restor�Scri or repai�is economiCally tep,9ible and the Secur."�C�`9a'S Deed of Trus1 is not � • ':j��1�,,, l�
<br /> ,- ,,� tfiereby�mpalred ft Svoh cestoratton or repaR is not economicaliy feasibte or ii the secutiry o1 tti,��eed of T�ust woutd be .� , ,,.; .
<br /> � ; � ����`i � impaired,the insurenCe prOCeed9 shelt be a�pplied to the sums secured by this Oeed et Trust,with the excess,it 2.mf.paid to �;,<<4r.,:, � ;{ ;, ., •..
<br /> .•( 6orrower.N.the Pru p erty ig�Qoned by BoROwer,o►rE 8orrower taiis to tespond to F.ender within 30 days trat±�r SS�e date -,;-,;;;� , :.j�
<br /> " � � , 1 n o t i c e i s m ai l e d b y�snd er C�I�oROwer that tne insurartce carrier offers fo settte a ciaim for insurance benefits,i:�'tQer i5 r.'�%��•^
<br /> authorizedtoC011eCtandBp�rythelnsurencepwceedsalLender'soptioneit�ertoresiorationorrepairofthePropeAyorto `�'�` . • `•'4�
<br /> � • � � the sums seCUred by this 088d Ot Trust � ' •_ �. �r�
<br /> ' . '� � Untessl.endetand6oROwerotherwiseagreeinwriting,anysuchappiicationofprocsadstoprinclpalshaltnOtextendor i T
<br /> ';;'•? p o s t p o n e t h a d u 9 Q a t e o f t h e m o n t ri l y i n s t a l l m e n t s r e f e R e d t o i n p a r ag r a p�s 1 a n d 2 h e r e o f o r c A a n g e t h e a m o un t of such ; . . • • 't,'
<br />_' ,' mstallments.i1 unQer paragr�ph 18 hereof the Property is acquired by Lender,a0 right Utte and interest ol8orrower in and to ' ;:�;., � � ,.
<br /> °���: � �( � anyinsurancepoltciesandinanOtotheproceedsthereofresutfingfromdama$etothel��opertyprio�tothesateotacquisition '.. �w
<br /> ;��U�` � shall pass to Lender to Me extent ot the sums secured by this Oeed of Trust�mmeRi�iy prior 4o sucb sate or acqwsition. j�'�.r.'�'.. - ; ` ;
<br /> •r:�:?`i;";' ; ,;�:,,"� ��;
<br /> 8. Pres�nraUonandMalntenaneeoiPropertq;Leaaeho1ds:Condominlums;Pta�4�tt0evatopmeab.Borrowershan �-:�,:�.•� r.
<br /> � . ':•�;, keep the PropeRy in good repair and shall not commit viaste or permA impairment e!Ce.enorai"son o t tihe Property and sha11 . �..; : °,
<br /> � ' ' ;::':;i compiy viithth�provisionsotanyteaseifthi�Q�edofTrustisonateasehold.IlthisDeedotTrust�saRaumtfnacondominium ,
<br /> . . . .°CYl or�pianned uait devetopmen�Bonower�t�pertorm al!of Borrower's abtlgafions under ttse�.�aretion or covenants � . �!�•
<br /> � '���',���°� creadng or goveming the condominium or pianned unit development,the by-laws and regutatiar���f the condominium or
<br /> # ��`�'•� '`� �• �•i pIanned unit developmen�and constituent documents�tt a eondom�nium or planned unil devetopm8nt nder is�ucuted by -�
<br /> ,:
<br /> � ;;;��;:�:;+{�� . : Borrower and recorded tagc�,her with this Oeed ot Trust the cvvenants and agreements o!such r�der shaU be tr.eCrporated �•�.
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<br />_ � :;�.;:i:l::` into and shat!amend end u7�lement the Govengnts end agreements of this Oeed ot Trust as if the rider were s ts*^s'e hereot. ,,
<br /> �'-f"�'��•� 7. Prote�ttq�ot ten�e+fm5e�eudty.If Borrower tails to perform the�.ovenants an0 agreements contained in tt�tTeed af ..
<br /> • � � TrusL or if en�act'ion or pr�e�eQing is cammenced witb matetialty affer.ts I.ender a interest in the ProAerty.inoluding but not
<br />- �'''��� Iimitedto,em�r�flmtdoC+i2tn,inis�lver.cp,cadec-+�torcement,orarrartgeRE�;tsorproceedingsinvolvingabank�uptordecedeni, � , ' :;�
<br /> ' � � then Lendet at LenGer's c�rr�^���.�.n nabcetA Borrower,may make such appearances,d�sburse such 5ums and a0�such „ , � . • �
<br /> ' �..��;;,`!�i• : ' " aeNonas�snecesseryro��r.i3oct�;�ndeds�r�rosLincluding,butnollimitedto.disbursemeMOfressonableattomersfaesanC �, . `r��
<br /> �:"ti�';:�-,.� • ent�y upontheProperlyte�-skr�repairs.ilLenderreqair�i:nortgageinsuranceasecondirionofmakingtheloaa�:redby . , • � :•'��`
<br /> • �� the Oeed of Trust Boaoti�:cstiai!pay the premiums rc�uired to maintein such in9urance in etfect until such:��+e as the ,�. `.. ' *;�
<br /> _� requirementtorsuchinSUre�ceterminatesinaccotdancewith6or�ower'sandLender'swnttenagreementorapptieaibalaw. • • _
<br /> .� Borrower shaU pay ttte amount of atl mortgage insurdnce permwms in the manner provided under pa►agraph 2 hereof. • . '
<br /> ,, Any emountg disbu�sed by Lender pursuant to this par8g►eph 7. with interest thereon, shall become additi0nal
<br /> • indebtedn6ssof Borrowe►securedbythis Oeed of Trust Untess Borrowerand Eende►agreetootherterms of paymen�such
<br /> `'�: amounbshall be payabte upon rtotice trom Lender to Borrower requesting paymenf hereof,end shall 0ear mterest hom the
<br /> dateof disEursemenletth8 rate payabtefram timetotimeon outstanding pnrtcipel underthe Note untesspaymeMO1 interest .4
<br /> °•i at such ret0 w0utd be contrery to eppliCBble law,in which eveM suCh amounts shatl bear mterest at the highest rate � :
<br /> ;i'� , permissibteunderappli;abfelaw.Nothingcontainedinthispa�agrephTshallrequ�reLenderto�ncuranyeMpenseortakeany
<br /> _ , ;� aation hereunder. _
<br /> `;. 8. tnspectton.Lender maymake or cause to be made reasonabte enh�es upon and inspections ot the PropeAy prov�ded
<br /> ° ;. thatlendershaligiveBorrow8lnotiCepriortoanysuchinspectianspecdymgreasonabiecausetheretorerelatedfoLander's : :
<br /> �,,..
<br /> , ; interes!in the Property. .
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