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<br /> {�. Y4 �'• ,•E } ^t ` ���1����1Tg`B c and lender eovenan�hnd egrae as to8ows: � . .• • . . . •, ` '� `�s __
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<br /> :t#;`"• �;- � '.4. 9. R� � � y when Qu��►e OdndAat of end inter�st ar►!ne . '.a� _
<br /> .d.. V,..� ..,.. ,,:•: A�y�se�!a!P�tedps9 ad hitsns�Boiro�►er shatl promp4i Pay -- -
<br /> y�,., ;;:`';� �, . indabt�trtasaevl�encedbytt�eKat�prsDaytne�aruflafacharg�.gasprovfdedinMeNote.andthaprinct�alofandtt�ferosfon . � z = : ___..
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<br /> �-f. any Futi,�a�anoag sscuree oy+�e oeBfJ at Trost '� __
<br />` `"� 2 l5me�tgtTa�tnAtnwranse.Subi:scttoa�tlt�talawortoawritten�ivarEytdnder.�orra�rarshallpaytoLam�er • , ., � -
<br /> _ � ::�,_ � antReQaymoalt�tyinaf�liment�otp�iecipalai�dint�rastaespayaLteunderineHa2�.until�at�EotetapeIdiaiull.aaumlt►�ne3ri �r� �
<br /> .�*` � "Funds"�equsi to one-tNreffth of the yeafly fexes snd es�assments whtch may 0ltcfrt prta[iry��epUids OeeO o!TNS1.an� _ Y_
<br />� .�w�+ , grotahdrentaonitteProporty.itany,plusona-twetftt�otyearlyPrBm[wminataltmentstorhesar�dinaurance.p�ueone-Mra3Qtto! ' 4 , 4�'��h ,.�_ _
<br /> �` �{ "",,� �' yeariy preznium inat�ltmenss tar mortgago insurance.�t any.stl ea rEtasflneUfy estimated iflitistiy and from tlma m tlma�Y r'�� ''`"" ,
<br /> : $ Lenderon the dasis o!Sssassmsrns and�il►s and reasanaflte es�ma�tes therea! " .����
<br /> ThaFundsshatibehstdinsninatibi41onU1adepasit,s�acc�5olw�ict+�rerf�ur8dgrgus�t�ed,�YaFeQeralarata� r __
<br /> , ' agency(Inctading Lender it Lender is,such an instiAitian�.L�ndar shat!appty the funds ta pay aaid texe�.as�ssRant�, i �` ;�-��,�:
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<br /> �_, . insurancepremiumsandgroundre�sts.Lendermaynati�arQeforsot�oiding and�pplyiagthaFund�enatY�tn9a�aee°uM —
<br /> -- — - arv9tityiagandco�pit[r�.aidass�sns�isandD�tl�un!sssisnder�s�aBorrowartntarostontheFund9en0aDpt�abislaw ` ^� ' � ---
<br />- - • permifalendettom�su�iacharga6orrowerandlendermayagraejnwritlngatthe�meofexeat�onat�IaQ ut�su�� � f '��-
<br /> that interest on the��halt De paid w Borroarer,artd untss9 auch egreement is maQe or ap� �eq
<br /> _;:' ' - � intetesttobe paidtscr�?snaltnotbereauiredtopsyBorrowetanyintarestoreamirrgsontAe uf nQa.Lenderal�u{tgi�eta ' �r, .: -�x:
<br /> " "� Borrower.without �n annuat�courtting of the Fundsshow�ng credits and defjits to the Funds artd tAa�urRase tmr ��` �4' ���.���-�,
<br /> :�. i. `� ...:�' : w^hutc�.�heachdebtttq���cdswasmade.?haFundsarepleGgedasadditionalsecudtytortheaumsaecuredDy N��aedot , ;',���,;�.�..�:.� -;
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<br /> � [f the amountnf t3�•rsfa�Ss hatd by Lender,toge�h.�r�ith4hatuture me��T,�s,�l�rr+e►�S of Funda D�te pri�r ta Stte due s�� ��`
<br /> Y tf � � she amaunt�equired to psy.said faxes� -
<br /> ` � dates a!taxes.a�insurance premiums�.�und ren?s.st�$��T: . '
<br /> � �` , _ a�e�.insa�ss3 premiums and ground rer�¢�ttssy fa16 d�sir�s,er�s9 shaU be.at Borrov�rers apti0n.eithet
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<br /> �:�.�� `� , prortipt�ya�a�.d to SQmowar or u e d i t�t o B orrower o�t i i o n t Q s�c r�i a��;z���i►n d s I t t h e a m o u n t o i t h e F a n d s h o«Dv : �� , r,� .Y� .�
<br />- . Lender�dn3.'iaoY�es�fietenttopaytaxes.e�ssmentainsu�i�:p. � „r�iiis�.^'�3�vu ndrenbastheytalldue.BorrowstshaU :: t � , -
<br /> ' •pay to lendar any�sairt necessary to make up the det'scisncy ds?°m�3ti tisy'�ti�m the date noUCe is mailed try i.snda�tv . ,'. < < ---
<br /> _�'` ent thereoL .� " _
<br /> II' eoU onpa�j�n2��r�IlsumssecuredhythisaeedofTrusL�nQershaft�e�Y�etu�dta8o�m"rerarryFundshetdbY •• r�` �.
<br /> Lertder.[fund�rrps�ht8der�eofthsPropeRy issoldorth�Property isothe�acquiredbyLender.Lendershallappfy. € ','c�.�.., — -
<br /> �• y♦ �4 rtolater4nai�immediat8� rio�tothesateafthQPrap�orits(a�sitfonDyLen�er,andFunQshetdbyLenderatlhaUmeot � , -�'�=
<br /> �: � . :.; appticae�a;s�a cr�edit a�irist the sums secrired ey is Deed aff g'ur�L - - � �"��r`�-_
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<br /> : .. ' ;� . and '�pt�1 and 2 hereof�haU be appti�d Dy Lender 6rst in payment of amaunts payabl��c u#�dei Dy BoROwer under � �i.�,� ..r; '
<br /> . . , pa�a��y�- a��{3�5e.t�e�of.thentoirtterestpayaD}e0nthel�tct�9P�$ntoMeprincipatoflCEeNote,aadttrewlt�:?�tarestandprinciRalon i ;f�_�
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<br /> ..`.5: 3.�tar�e�Ufna.BorROwerssl�alipayafita�ce�assassments�ndothercf�.�a+�.finesartdimposftions�nffihletothe .- ' '��j
<br /> . .. � ta " trta flttain a pr+oriry over this Deed o{1'rust.8nd a�2set�otd pa�Ertfs or gmu�d rents.if at�j,•id►it18 manner _ `-�`�r>�::.
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<br /> � pr�de�;r,si�gt paragrapb 2 hereuf or,if_not�aid in sucA mann�,�'$arro4+ref making paymenL vyhen due.direcSy Qo th¢ _ _. .k
<br /> r:fR.jf::,_��;;;. �.;;_l ` . ayee�p�°,�ortcwer shall prumpUy tumw..*o Lender aU rto���s.�amounts due under thi9 para9raPh,and i�the ev8nt , ' „ .
<br /> :� y, ocrow�s�n2�fl.ma�"�� aymsnt dirsctly.Borrower shal! romp�fl i�;s�rist�ta Fren er ras�ipts evideneing such pa anta . "y�'� �� .
<br /> • '„' Borrower sfia1t prG�discharge any lien whtch has pnoriry ov�r��ri50ees��`.:��st Provided.that Borror+rer�ot be -• �•; � :� ` �� ��
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<br /> �.. ., requir�dtodischarg� , suchtiensolongasBarrowershallagree4n'whtisg�z'!`r�i?altmentoftAeobtigatiansecuredbysuch. � �� - �;� ,,�y,��
<br /> � .� lie�inamanneraco�Cstolender,orsttatlingaodiaithconteslsuct�liea��:�tdefandentarcementotsucA{ienin.tegai �, �f � � �� °
<br /> � �;•:,;,,`,, proceedings which�to prevent the entorcement of the IietD c,r.�oAeiture oi the Pcoper4y or arty paRth�reof. �'� s . r � .:�;.
<br /> ' ' � ' S.Haa�N Insurec[s�$orrower st�all keep the imyrovement�i�xe 2xisting or hereafter erected on the Property insured ; -,. �,.,,
<br /> � � � • againstlossbyfire.hazaMsincWc'�t:�r+thintheterm'extended:a�c�ge".andsuchotherhsi�r.dsasLertdermayrequire : ,,`",�;j,� ,. ;
<br /> • ' and(n sach amounts and tor such�c�rads as lender map re�ur��rrovided.that LeRder sha1l nc�E �re t�at the amount ct ;,,�.�'� •
<br /> - � such Cov�iage exceed that amouaz a'f coverage req+�ire�1 t0.�rs��t?ae sums secured bythis Oeed'ot�sq: .. : .�', . _.� •
<br /> ' � � � Thtainsucancecan^erprovtdingtheinsurancesh��J°�ech.:s..�:JYBorrowersuDjecttoa�provalby Len�r.-pmvi�ed.that �.;��•�,��,;:�
<br /> c � � ' � sucrt approvaf shati n��e unreasonabty withhefd��t prr�;"..e�;-,s,�n insurance policies st�s 1 be peid fn the�1-n�r provfded _r'::,----,_.,.,, ;, -
<br /> � � underparagraph 2 Rr-creof or,i1 nat paid in such m�.T.�;���1a�.*.^x�er making payment,when due,directryto the insur8nC8 , � ,
<br /> - ' C8i[tP.f. ' . ,., .,. � .`.
<br /> Atl u��nce polfcies and renewals thereof shatl be in for^r.ax�table to Lender and shaii inctude a standard moRgag��
<br /> ,i,� . � clause4R'�drofendintormacceptablBtoLender.4ertdershafi!=3x�therighttoholdthepoliciesandrenawalathereofanct • ��s_ •;;,;fl►�=
<br /> BorraRC:st�aQpromQatyturnishtoLertderaU�enewa�noticesanQ�;��ece+ptsofpaidpremwms.lntheeventoftoss.Borrow� .' • °Y�-.�.�:
<br /> ; y. shailqivepromptnc�'�theinsurancecamerandLender.LenQefmaymakeproofoflossitnotmadeprompttyby6orrower. . •`��' , �
<br /> UnlessLenderarefiH�rrowerotherwiseagreeinwriting,insuranceptoceedsshatibeappliedtorestorationorrepairotthe , �'�.�-
<br /> , ���'': �. ,. �•� Properry damaged,Rr�rded such rc�storaUon or repair is econamicallyfeasibte and the secunry o!this Oeed o1 Trust is not . . ` .,,.` �.
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<br /> • � . thereby�mpatred.N suct�restotetion or repair is not economiCal'�c teasiDte or if tha secunty ot thts Oeed of Trust woatd b� . , � : ,�;�;;,,y, :, ., ��-`
<br /> � • � impaired:lhe insurance proceedsshali be applied tothe sumss��:."ed by tfiis Oeed of T►ust�:tA the excess,if any,paid oy � f, �,,{:. _ �
<br /> ' � 8orraayr.N ihe PropeRy ta abanQoned by Borrower,or if Boac��r i'ails to respand to LerQer v���hin 30 days hom the d�'7r , - �l},�.}»%��
<br /> , � . . � no�ice�cmaited by Lender to Borrower that the insurance c8tr,-�r oHers to settte a c1a�m tcr�r,s�:rance benefits.Lend,ec;�s � . ,��+��t': '�:"'
<br /> • • authorrt$dto colleCt andapp1y the insurance p�o�:�s at Lend'er's option either to restoranan�r ropair ot the PropeRy ofka
<br /> ,. ' the sums secured by this Deed of Trus� .,, .. _ .�
<br /> � Un�e9s Lender and Borrawerotherw►seagree'r.;�irrting,any such appticatipn of proceedsto 0rincipal Jk�:9 aotextend or ��"�'"
<br /> a�r. ;.:-=ti�F;�
<br /> postpone the due date of the monthly installments reterred to m„ga�agraphs 1 and 2 he�eot or change the a-mount of such • . �;'
<br /> �nstalh^ants.lf under paragraph t B hereot the PropeRy is acqu;n�by Lender,all nght,titte and interest of Barrower in and b .
<br /> � anyins�s�r�scepoliciesandinandtot9?gproceedsthereotresutt*�3fromdamagetothePropertypriortothesatevracquisit�,^.�' i --• � .. . f
<br /> ; ?.. �.• • . • shalt�t�t�xtder t0 tfie extent o'+,ne sums secured by this Qeed oi Truat�mmediatety prior to such sate or acqwsition. t ' • _�_.�. .: ;�
<br /> 6,pca�aervaits�r�lVlalntenaneoofPropaA�r:Le�:eho1da:Condam3nlums;PtannadUM10evelopmen1s.Borrowershat1 i �•"
<br /> •�' '�'� ' � • 1 keepthe PropeRy in gfs��repair and shatl rtot commit waste or permit imFa�rment ot detenotaron ot the PropeRy and shatl � " ' `�
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<br /> • � I coanpIy wrimmeprayti:i+,3rssotanyleaseifthisOesdotTrustisonaleasehotd.lts3!`.3QeedolTrostisonaunitinacondominium
<br /> � i av a��a.�c�eQ uni!development,Borrower sha11 pertorm all ot Borrower's obligaUOns under the dectatation or covenants I :;,•;.
<br /> � • ; ' cre�Arg cr govemiag the Condomimum or ptanrted unit Qevelo�cr,�n�the by-laws and�egutations of the condOminium or � ,;._
<br /> f ; t. ,� ptanese�unit deve►opmeM,and car,stituent documents.II a cencC:crrimum or planned umt devetopment rider is excuted by t . � �,t,,,
<br /> Borrcn�sr and recorded together���ri this Deed ot Trust,the co���'antsand agreements of sucl�ndet shaU beincorporated• E;,.
<br /> _ � � into and shall amend and supptemem 4he covenar;s artd agreerrents of this Deed of Trust�y�:�t�te rider were a part hereoL f , :;._.
<br /> • •i 7.Protaetton ot Lender'a Sacurity.lf Borrasa�;.c+a�is to perlorm the covenants and agreecr.ents canteine��r.this Deed o1 , �;;�?;,�
<br /> ' � � ' Trust or it any ection or proceeding ts commercu3'+�{nhe materiafty aNects LenCec's interesten the PropeRy.irt�u�ing but not ;, . '-+Y��
<br /> � : limitedto.emmentdomam.insoivency.codeentc!erem�c+Lorarrartgementsorp�ceedirtgsirrvolvingabanlcruptordetedent ; • ,. �'�
<br /> ; � ��-��' ' thert Landor at Lender s oplion,a(�aaT noUce to 6a?;.0�r,map malre such apRearances.d�sburse such sums and take such • •;°':`
<br /> � � � actfOnaslsnecessarytoprotectL�-J�r'smterest,�n�iuding,Guterltilmitedlo,disbursemenrafreasonabteattomey'sfeesand � �� u;�
<br /> , ' ; en4ryupaattaePro¢erlytomaker�{zaire.l}Lenderrequcre�maA��.g�.nsurancea9acon6�tionofmakingthetoansecuredby ; •-,,;`
<br /> the ne�d ot Trus�ff�crav+er shatl pay the premwms requ;re+s�r,^�sce�ntain s�ch inswa�ce�n ettect until sucb lima as the H�; .
<br /> reqairomenttorsuct���suranceterminatesinacaarCar.cewi:h�3c+�:wer'sart�Lender'swnttenagreementorapplicelbetaw. � :?
<br /> � ���, I BorrOwe�8hatl pay tt:e emount of a�l mortgage ins��ance per,r.�ums�n the manner prov+ded under paragraph 2 hereot. ,.
<br /> Any amounis disbursed by Lender pursuant to thts�.rar�raph 7. with interest thereon, shatl become addiUonal ` . ,•>�,•
<br /> � • indebtednessol8orrowersecuredEythisDeedottrustUntesl3�srrowerandLenderagreetoathertermsalpayment.such }
<br /> ;1• � amaunts shell be payabte upon rtotice Irom Lender to Borrovrer r.c-questmg payment hereof.and snall bear mterestham the ,
<br /> dateofdisbn►sementattheratepayabletromtimetot�meorsoutstanding pnncipalunderthelVoteun1esspaymentolinterest _.�
<br /> • ',; , at such rete woutd be contrary to applicablg ISw,m wh�ch event such amounts shatl bear interest at the Aighest rate , . �,..
<br /> , permissible underapplicable law.NothingcootameCm thisparagraph 7 shall reqwre lenderto incurany expenseor takeany
<br /> � ` actian hereunder. . • '�"
<br /> �;.�.' . .
<br /> �_ 8.InapaeUon.Lender may make ot Cause to be made reasonabte enU�es upon and inspecbons ot the PropaAy,proY�ded ;a•.
<br /> that Lender shallgive Borrower not�ce pnor to any such�nspect�on spec�ty�ng�easonablecausetheretore related to Lender's ;
<br /> , ;i� , ' � interest in the Properry.
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