|
_ �. .. . . . .r.-� . ..� '. l . " . _ ;-��i�:
<br /> -� .as eCir .. ...- .._..
<br /> � /i
<br /> r •
<br />�_� �. ,. . ..._ _ . . _.�-
<br /> i � . ..�.- ..
<br /> ���., . . .._. . .'"_, ._..
<br /> " .. ' •.`, _._''— _...__ __. - -��.�
<br /> -� . ' _��� �_.� �. '
<br />:_'.� �
<br /> - _. _ '��'/��"I�_�, _ _'
<br /> . � �� � �' .1 � .. .�
<br /> • IP Boncwer pays Funds to I.endrr,�t�e FurKls�h�ll bK heki in Ra inst}tiatlon tha depaitY ot accounh M which�►re
<br /> i��surt�nr�uaxxntet�Iry t�ederat or st�.tc Aga:ncy{inr.luAing I�cndr.r if Irendtr is sttc�t ar�6ns41tuttatt?.I+ender alixil apply ___
<br /> -� — - th�c�wnds to p+ey�id t�x�s,ssscs�cnentc.inturancc premiums�nd g�nd rents.Lender may nat chugc far so hoidin1[�
<br /> aRd�pP�I►tel the Funda.anslp�ln��a{d �ccount a veiffqin�anA compitia�c�1d assa:a�e�b Rnd Wlb.unku L�sud�LU
<br />— � p�ri Horroxec intee�at on!hc Fund� an�a�►plicabk laN pem�hs L�endet to make:uch a ehar�.Bqt�a aM Lsn�r�
<br /> �nay��ree in wsitins at the time of e�oecutiaa of t,hts Daed nf Ttust tha�taterest on tl�e Fund�t�Itdl be p�ld to Horco+re�r� �
<br /> and ualas tuch�gcum�nt b mada a spplkab�e 1�w requlrn sttch Inhrest to be prfd.Lender sh�ii not be rtqMfe+o� �i
<br />_ �_-- _ - -" tQ�1� Y�OlIOMlI'ttlr�Ifii�BSi OP�i'�ilfi�ii O�!Zt:;; �uaC:. LcaC,;::r�hrll4:ti���.�ra��•a.rrlEka:ii chc�.r�t c�nr�l E"1 � _
<br /> �cca�nNng af the F'unds sho�►ing credia and debtts to tbe Fuatk ahd the putpose far+rbtcA each debit to the Fuads wst �
<br /> �i ._,,,�� mde.Tfee Fuads are pkdged a+►dditbud sec�ceity Portha aum:secured by thb aeed of Trust.
<br /> i�the iunaunt of the Fuads he�d 6y L�cndet.togettier wiW the 8stw+�moathly imst�limeab uP Fund�payablt peior to
<br /> � t�e due datea oYtaxa.assessmenb,irisursnm pnmi�:�nd giound reata.shali cxcad the amamt requie�od to psy tald
<br /> -_ tues.ssssssdcents.lnautsnre premiums and grouwd nnts Rs thry fdl due.such euess:h�ll be.at Boeco�v�er's optl0e►.
<br /> � — - — e;ther p�amptiy rEpoid to Sormarct ar credite�to Borrower oa eaanthiy 3�tallmeuts ot Funds.If the amourtt of tho �--.
<br /> . Fuads held by Lendec shall aot be su�ient to ps�r tsYea.assessnients.imuranc�p�eciiums and gtound nnts as they fall
<br /> - due.Sotc�o�er shdl psy to L�ender u�amouttt necrssuy to mt�ce up the de&lency in one ut more panaents as Lendet
<br /> , may cequin.
<br /> Upo�n pzymdat in full of di sums securcd by this Deed of?eust.Lender aLall prompUy refi�nd to Borcoxer a�n�
<br /> �unds htid by Lender. If under paugraph 17 hereof thc Property is sold or th�Propeety is other�se uquired by
<br /> L,endar.lL,ender�alf appty.ao later than immedlstely pstor to the sale aff the Property�its uqulsltlon by Lettder.any
<br /> funds held by Leader at the time of application as a c�aiit against the s�uns secural6y thfs Dced of 1'cust. �
<br /> 3. Aplt�atMa oi Ps�ats.Ualas appltcable!aw pmvldes otheewise. all piyments ta:eived by Leada under
<br /> ,..;,,.�,, •_ the Note and puagraplu 1 aad 2 henof shAll be appAed by Lender flest in psymeat of a�nounts psysble to Lendcr by
<br /> Borrawer undct psrignph 2 hereof.then to interest payable on the Note,and thw to the principal of the NoYe.
<br /> ' �. Fek� Mrrtp�a ud Deed� �f Z1is� �u�a; Lte�. Borrower shali perform all of Horro�ver's obligidons
<br /> -*;�w.���; �.t•�, . ---
<br /> under any mortgage.dad af trust or other securltyr agreement with a lien whicb hu prlortty aver thls Daed of 7�st.
<br /> • ;'r'>>- ���>; tndudiag Dosmwer's covena►ats to make paymmts when dae. Borrower shdl pay or causo to be pa�d all ttus. __ _
<br /> � ,. ,.r --
<br /> `4 � :�•'� assessments and oiher chaaga,tines oad impositions attributable to the Properiy which m�y attain a priority aver thts
<br /> ',� ,l,°,�s�a<�-.::- ;. Decd of?cust.and leasehold payments or grouad rents.if any. —
<br /> , �;�:�;:`�:.,.:'..
<br /> .;� �� S. qarssd IsNraaoe.Botrowex shWl kcep the improvements naw edsting or henafter erectcd oa the Property
<br /> 9�r,;?�'r�,<'�.'•:�=';:>., ins�ucd ag�inst loss by fire.huards included wtthin thr term"extended covenge".aad such othu hazaeds ps Gender --
<br /> ` -. �-;�>� .�Y�•,`'`° miy nquin and in suci�nnivunts wt.i ftfr sarh�tiatl��i.rnda irtay t�qu�st. " -
<br /> !. "
<br /> 4 1~��•�A` �'�-" 77u insurance curier providing tha insurance st��ll be chosen by Borrawer subjxt to approval by Leader;providcd. —
<br /> � �x+�,f .�;,Y�
<br /> ��;;;..F,���:...� that such approval shall not be unreasonably withheM.Ap insuraace poltctes and renewals thercof shatl be ia a form __
<br /> . � ..�. t��: .j :' �;' • acoeptable tm Lender and shell include a standard mortgaga cla�ue in favor of and In a form accepta b le to I xn der. i__
<br /> ����``•' ;:�"•� ''�~' � Lendu sh�ll have the dght to hold the polietes and renevvals thereof,subject to the terms of aay mortgage.dad of trust —
<br /> _�y,f�t � _1 '�'�' ��A
<br /> ,i(• .:���_�;°.. .�:.s or other security agreemcat with a Iten wMch has priarlty over this Dted of Tnut. �;__-
<br /> ia�.,;,- ,.:- �:�..
<br /> � {r�,�,;;;,:•;;.•;•a In the eveat of loss.Ra�rower shall give pmmpt notice to the insuranc�cardcc and Lendec.Lender may make proof '"°�:��-
<br /> �, `�• ' of loss if aot m�de promptiy by Borrower.• 4���
<br /> _-..,��,-:-:t. -._ .... ;:'
<br /> ����; ;�,Q.;��r,:�,.;f;,.�,,.;; If the Pe+epeety is abandotted by Sorrower.or if Boaower fai{s to respond to Lender withia 30 days from the date ,,
<br /> ''' ..'�^''{;��:,,'.•,.ar��j noti¢c is m�iled by Lender to Borrawer that tha insurance careIer offers to settle a claim for tnsurance beneRts.Lender is '�"'�
<br /> +4'�%.�'•.� .;'::}, w.. ..
<br /> , x�,`,;,, �`�,� nuthaiized to oollect and apply the I�surance psaceeds at Lender's option either to restoration or cepa�r of the
<br /> ��" ��?���wn� Pcqpetty or to the st�ms secuc+ed by this Dad of Trust.
<br /> „�j� '���, '�!5•"`�''�}�'�.sR bo Prnes�stion snd M�intenance oi Proportyi Leauhd�bf CondomWamsi Ptwaned Qdt De��dopmenh.Bor.
<br /> :,.�,.rd�x�:gr:.,s.-;
<br /> , . .,. rower shall�ksep the Property in goed repair and shall not commit waste or permtt impa3renent or detedoraHon of the
<br /> �''` �}���"�`� Pe o and shWl aom 1 with the rovisions of an lease if this•Dad of Trust is on n teasehold.If this Dced of Tnist is `',
<br /> t' ;� �;.. Perh► P Y P y �,.�
<br /> �.f�!�;,�y��;;:`�#�; on�a uait tn a condominiatn or a plantt�d ueit dcvelopment.Borrower shail perform all of Borrower's obligat�ans under
<br /> ,�«,s�..•,. � ihe dcelantion or covenants crbatisig or governing the condominium or plannal unit development,the bylaws and "�'�'
<br /> 2..:�. '
<br /> .:�,��w;�h. . - . �. 1:.:
<br /> �;:r •� ��� � : regWations o4'the condominiwn or plann�d unit development,and constituent documents. '•
<br /> � ;�:;r,�_;�':-. :.:.,�•„ 7.�►oteclfo�ot Lx�tder'�Sa�rlty If Borrowe�faits to perform the covenenta and agreements contained in this .
<br /> �"'�� � -'� Dxd of 7tust,or if any action or praceeding is commenced which matedelly atFects Lender's interest in the Propeety. '�+ �
<br /> \` ��. r ,
<br /> then LenQer. at[.ender's option.upon notice to Borrower,may make such appearances,disbursc such sums.incfuding
<br /> - ��' `� ' � - . re�sonable attorneys fas,aad take such action as is necessary to pm4ect Lender's interest.If Leader nqute+ed rtartgage
<br /> ' -� „ insurance as a condtNon of making the loan sxurcd by this Deed of Trust,Borrower shall pay the premiums required to '
<br /> ,,,.;.'.�:: ', maintain such insnrana in effect unfll sach time as ihe requirement for such iasurar�ce terminates in accordana with •
<br /> t�;';, '�' Borrower's aad Lender's wrltten agrameni or applicable law.
<br /> ' �-•�°� - Any emounts disbursed by Lender purauant to this paragraph 7, with interest thereon.at the Note rate,shalt . ;:;
<br /> �_���'-:"•�•"„�`; become additiona!indetrte�hess of$orrower secured 6y this Deed of Tntst. Untess Borrower and Lender agree to c'�
<br /> .� :,, ,
<br /> • other term: ot payment.such amounts shall be payable upon notice from Lender to Bortbwer requesting payment
<br /> ',,;;, � � thereof.Nothing�ontaitted in this paragraph 7 shail requice Lender to incur any expense or take any action hereuader.
<br /> � .�-�• •�-�;.;:; < $. Lape.�l9an.Lender may mate or cause to be made re�.sonable entrles upon and inspeMtons of the Propercy.
<br /> �''�` , �s�r.�'• "- • pmv9d�thf►4 L.ender shall gtve Boerowu notice prior to any such inspection specifying reasonable cause therefor
<br /> ;,�� � � �+elated to Le�+der's intetes4 in the Fropeity.
<br /> � � • 9. CantH�mnatb�r•71he proceeda of any award or claim for damages.dQrcc3 ar consequentiel.in connection with
<br /> any condema��tio�or other taking of the Property.or part theteof, or for convayatta in lieu of condemnation.nte
<br /> • �f `-. �•� �.da.r,.A.,nA cf�nll ha naid tn[�!nder_subi�t tn the t�ens of anv mnrtaace.dee�l bf t�us4 b!OthE7 SCttll�tY SQ[CB'
<br /> -_-- - .......��...�«...��--r------ � . .,., � - - -..-
<br /> •� : .:�, �.' ment with a llen which haa prtorlty over this Deed of lYust.
<br /> �. . ,;�;,,:, . 10. Borrower 1�Iot R�tdt Foebe�r.noe By Yaader Na a wr�ru. Extension of the time for Fayment or
<br /> - �;:<"":' modiflcatioa of amorti�stlon of the sums securcd by this Deed of Trust granted by Lender to any sttccessor in intereat of
<br /> �',:;�in:.:�" ��= Bw�rowet shali not operate to rclease,in any mantter,the liability of the original Borrower attd Borrowcr's successors ln
<br /> �'��'°I''�� intetagt.LeRder shail eot be required to commence proceedings against sueh suocss.wr or nfuse to eutend dme for pay-
<br /> �:;;�� I:' ''' ment or otheiwise nsodtfy amortization of the sums cecured by this Dced of Trust by reason of any demand made by the
<br /> ��t•.::-- �.: � original Borrower end Borrower'e successors in interest.Any forbearartcc by Lender tn eaercising any dgltt or remedy
<br /> „ '•� �,�•:,. � ��' � hereunder,orotherwise a4torded by aFptic;.ble law.shall not be a waiver of or preclude the exercise of any such rigbt or
<br /> ��;�` ` � -: eemedy.
<br /> " 4:'?;.?'"''";=:''aa� il. S�eea�on snd AMtps Boond; Jofnt �nd Sennl Uabfltq= Cwst�en. 'Ihe covenants and agreetnents .
<br /> `+* hereinc�t�aipp,d sbali�biod,�the righta hereunder shall inure to.the esspecdve auccessms and assigns of Lender and
<br /> �
<br /> ' =�:''� ��• �s .2.�' Borrower,subjeat to ttie,provlsions of nar4graph 16 hereof.All covenants and agreements of Borrower shnll be joint and
<br /> ' , : � sewerai.Any Bor�vwer whacaslgas this Dced of Ttust.but dces not�xecute the Note.(a)is co•signing this Deed of Trust
<br /> ;'
<br /> • • only to grant and mnvey that Botrower's ietetest in the Pcoperty to Trustee under the terms of this Deed of Trust,lb)is
<br /> , .,: .�
<br />
|