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<br /> t <. .: , y�ra��ata{enbioct ho�avas to t�a rig��aad aus�ti2i��iren fass�ia tm�a�s ta ce+ua�t ts8 dpgSp su�,9a� - --
<br /> _ .�,,.;�_ �. �t .,: c�ata�.a!��'!wht+�a�st�bs dxaz�ta t�e�a�maia e part oi�pmpe;ty a�eicd by�lkad v!T�r.�d sll p4 tE�e �.`�. =_�-.-_-.- ------
<br /> � fosagos��,to�ther Rit3�sud psage�y(or tr.e 1asoY�id�ta i�t�ta Dead a�Trnst�S om a le�ehaldj ue�resn�tier . � _
<br /> - -��. ;�: ���.`•' ' � czfereed to an tt�"�t9•� , , . . . --- -
<br /> . � � �ttoRCt ca�re�mta taat��a ls�tuitp e�a4 t�a��o i�n�g�av�p�a��a t�a rig�t t�gnai a�9 ca�Fe�' . ___-_---_—._
<br /> '� ,, _ �� , . th�Pe+opesty. �d thrt the Fivpenq is aaaas�b�npd e�►t i�as�armbr�na�s oi t�ont�. �ss coti-ea�a�s tttit =_-
<br /> ��:� � Bcnr���va�aaata t� wall defea0 genesall� tt�tiete �t� Qrepest� �g►in.�°t�3 6'lai��d Qe�a6s,�a�bje�!t�
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<br /> . . � t��RM WV�T!lAP��.Basmw�r u�dl�ad�r doveflant e.ad agreb as folt� - � - _
<br /> . l.Payarent of Priacipd aa� l�+est. Sarto�ett u�tl P�P�Y. �Y Whert due t�c prtQapal � iat�msi . --
<br /> , y �, ' ittQe�te6IIa�avi�by t�AIt� ir61�d'mg�uy vasiaYian� tesnitiis.t�iraat c�aaga ta t�oont�ttu.m a d c t�e t
<br /> . c�u�is pravl�d�tDe Natc � --
<br /> . . .' • 2 Famd�fot T�es�Ynsuraace.Subjoct to tpplic�b2e taw or�itten �xiver tsy Leadet.Bottc�et shaU pay tm .
<br /> . � < � , I�der on t�o d�q�na�at�dY p�Yaiea�d p:incip�t�ad antenst are p�pible�t�Nata�antii t�o 1Vote�S pdd�ri fe�t,
<br /> . . � .s�m f tasnin'Fu�'l�4�1 co aaa-twdit6 a[tr��arty taxas�ae�ee�nena Cinctudins co�a ` '1����aaed . �
<br /> ,� � • � anit 8eva:apmeai u�emtata►if aay}�ich ms9:����tY aver tbie Ikad�T�utd�touad rents on t�e
<br /> • Pnoperty.ii aay.g�Ue v�et�elith ai tlfe patJy gsemium iasttllsaeats fot fiiatd tn�nor�ptus anvt�eelfsh d getrly - .
<br /> ' ` ,. , prem€um iastallments foa maztga;a iasu�naG��Y,�ts rasonibdy eatirsiatdl iaitianp aad fivm�ame to tima ir� �
<br /> - . ' Leader on t�e E�sia��asmenta�ad b�ts uid_se�ble atimatee t�eteof_Borrowet ehstt s�at be abSi�tad t4 mita , �
<br /> � _ � ;� .,:.� . . ench p�g�aenm at Fuada to Ian�er to the e=teat tbat Bolmwer maY��h papments to tbe hdder af�pAC�alfletpre �
<br /> � • ' aa de+ed�ttu�!if�ch halder ia an ias�tationil teadsr. . ' • '�.
<br /> �� 1f BonnRes p�ys F�ands to Leader.the Fusds s�ll be�e2d in an j�wwti�a�cbe depaeite or�ouata o!whicb ara , _
<br /> �
<br />- M � . _ .' � taanred a gttuuataed by a Federal ac state�eac9(iu�udia��eader ii L�ader is such aa iastitution�I,cadet sbatl app1� _
<br /> . _ .- - .---. .---.- . ' the F�mda Lo g�y�id�,a�anen�,insura�a p�miums and gcotmd rento.I.eadez msg aat cLuge fot e��ldi�� '
<br /> � . . � � . aad appfiyiag t�a Funds.aaslyuag said acoaunt�vesifyss}g and c�mp�nng saId a�ents aaa b�ilt�,uatas g.ender� -
<br /> ,r. BonoWer iaterest on tDe FuaEs and applica6la taw petmite Leuder w make such�chuga BosmRet aad LeIIder mey
<br /> • �� � ag�ee,ia RrItin�at tDe time of ezeaiti�a4 t6is Doed ai Trust thit iatierest on tM Funds shsU be paid w Bcetrower.tnd -
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<br /> � .��;.,.•. .;:.� �aaie�e sueh s�t ie made�or applirable IsW sequires saeh inte�t to be paia.Laa�ar ehitl not�roqutsed ta pa►y . =.:._
<br /> . .. - .' . Bon�vrer aay inter+at or eaming�aa t�e l�unds Ltnder s1ia11 pve to Bon�aRer.wit�oui chasge�an aaautl�ocaivntiag of -
<br /> . � , tDe�ada ehaaPing�dits aad debita to the Fnads and the puspaee for wDich e3cH debit to t�e Funda was mad�'R� , ..�;���
<br /> . .. • . Funds ara plo�ed as sdditional eaucitg fot tAe sums eo�t►Y thie Deed of Trosi R� -
<br /> � If the tmwmt af tha Fur�da he2d hy I�uder.togethes witb the futara azont�ly inetaltmeat,s ai Fuada�yab2e ptlot to �'�
<br /> � � - -- . t�e d�e dttes oi taaes.a�ente�insnranae p:emivms and gt+aund rante,c�aU Qoxd tlie amount required w pey eaid ���:.
<br /> , . � ta�. ase�ments.iasutance gremiurns iad�aouad rents as they fill dae,sncD eioese shsll b�ai BonoWet's opti� '�` ,r�, �::
<br /> ` . . `,� , : eit�er pramgtlY�a{d w Borrawer or credited to Bon�wer on�ont�ly instellaieata oi Funda If the amount o4 the •
<br />: � '� . . ,`,; . Fanda Ite1d b8 II�der shnU aot be suffia.c�s to psY tesw.a��insuraaoe pmaie�aad grnund renta es they Wl ��" � .
<br /> � _ '. .. '� duq,Ba�mwer�aii pay w Lendar euy s.�a neoessary to�aate¢p t�e de�cieacq in�one or more�gmenie as Le�dar -
<br /> . .,.-
<br />� ,..:,., . . � ' �Up�ent iu hu�l ag all su�eecusod by this�3 oi Tr�st.Leader shaU pr�omgily refund to Boam�r aap funds s;: � ' . -
<br /> . �eld by Leadsr.ff under PategrnPh 17 �ereof the Frope:ty�a soid or the Propesty is ot�erwisa aoquired by I.ender, ":�'�,.
<br /> . ,� : LznQer s�aU apPlY.ao later thnn innme�wlq priot to the sa2e of tAe Property or its aoquisitioa bq Lend�t.any Funds `' "
<br /> . , held by Lenda at the time of applicatio��s s credit sgaiast tne sums eecured�y thie Deod of Trrz�t. .,� a,=.T-
<br /> � ' 3.Appliatiara ot Payanenta Unless applicablo law gmvide9 at�erwise►aU paymenta rec��by I�nder undes the � �°� .:.9,�;;�
<br /> Note aad patagtaPl�s y aud 2 henoi shall bo applied by I�ercder first ia paymeat of amouns paqab2e to Leader bp '' �''-.���"' �
<br /> . '.',';;;.� � BortoWer uader Far+graPh 2 hereot,then t�a taterest gsyable oa t�e Kote at the applicable oantszst rate.and then to t�e "r�f��i�
<br /> . • � .;;' priac�pal oi t�rs Nata = , ,�,�", "� .�,
<br /> � 1 . +' • 'ens.�r�ower shatl orm adfi c�Bonower's obli ttons °.�' �,'�`�`�
<br /> . . ., :,'� 4.prio�l�.�tga�es aad Deods ai�'�ns� C�arg�+. k perf � '. � .��L
<br /> � "- ��':� uader anq�astgage,dad of W�st ar oiher eocurity agceement ai�!a lten WbicII bas priori��-rer thts Dee�l oi Tru.at. . �. .„ , � ,-
<br /> . , �;'. : % �,�;:. iacIuding Boaaxel's eaveannts to mage p�yments when dve. Borrawer sha11 pey or eaUSe to bo paid all taxes. •,,4�;�:•:' ;
<br /> , _ .. , m ���.3,,:
<br /> , , ,. :";;.� � . as�rsients aad otner c�utges,fiaas and impautioc�z:iti'butable to the Property whicL may attaia a p:imri:�y over this . .
<br /> y ;,, . , ��, �...
<br />_- :.��`�;..;' ' � D�d oS Tivat,and Iea�xhold payments ar grouad rec�.if any. . ���`�. ..`J�f.:°
<br /> . S.8surcl IIpsur�a�w Bonowar s�'! kaep t�e improvements eow egi�tting ot hereafter ere�ted an the Property � '� . , `;;-
<br /> �;�.. .�.. .. ,�; iasureA a�:.�lass 6y Yira hazarda i._^c:�ad withi�a�e tems "estendal average,"and euch oihes hezards ea Lender • � � :�
<br />�!:;. � maq reqvire s�d in sUCh araounts and for such peri¢�a9 LeuQer may reyuira , . � `{.�
<br /> •� 'Iho insuraaae carrier Q�svidiag the iasntance�N be chaisen�y tDe�armwer sub�ect to approvel by Lendet;
<br /> � . , pro vid�.tLnt such appmval ehsll not be unreasonably wit�held.AU insuranae pofictes aud renewets t�eraoi shail be ia a _ �
<br /> . . � : imm acxg°�°1e ta Ltader and ehall inelude�steada�mortgage clau�e ia fevor oi aad ip a form aaxptab2e to Leader. , � � . �
<br /> .: �. ; � I.ender sfla:1�sve the rigDt to�o2d tAe policies and teaewals thenal,subjoct w the teime ot any mort�aga,deed oi ttust . �
<br />_ • �• : . or otIIer se��rity ageement witL a lien w-bich bas prloritq over�is DeEd of Taust. ,'
<br />_� •� � . . Ia t�e eveat.oi Ia�.Barrower ahell giva promPt sx��ve w the insvraace caniet and Lender.Leader may naalca proof
<br />- , . c{I Ias9 it not mado prosn�t?p by Borrower. .
<br /> . . . . . , LT^�L�dK a�d Barr�wer ather�ise ag�e in wrc�ang,iasurance praoecds shall be applied to reswratias or repair of
<br />-_ . . th��'��1�amagod,i!the restoratia�agr repair is eoonomically feasible aad Lender's socuritq ia nat le�ed.If t�e ��� '.�' -.::,
<br /> . � �reswratioE►�npair i�not aoaomi��€easib2e or Leadet's securitq wovld be lessened.tha Iasuranoe pmceeds shall ba � �?��:a
<br /> - � . appltod to t�e suma exinod by this 5+�,�tg Iastr�...��t,�vhether or aot then dus,witD any esoe�patd w Ban�awer.If � .
<br />_�',•,�,"°..;:: . Bonower absado�the Proparty.nr dca:��at aasx�avitb?n 30 daps a aotioe uro�n Leader t�t the insur�.�carrser has .. , . .
<br /> `�, �'� .• � offerod to sattle a ctaim.then I.ender�y oollec�:he insumaae prooae�s.Leader maq nse the prooeeds'.o npair at � � .
<br />_".'`� " �`. � . • restoro the.Yraperty vr to pay sums ses�e�by this Security Iastrnment,whetS�er os noi then dua Tha�day periud m;3i c , � �
<br /> c�, .� �: begin when the notioe is given. � : � • ..
<br />� �`��''` .�� 1!tha Fnnperty is abandoned bp Borrower,or it Bonower fs►its to rr�sspoad w Leader tvithin 30 days from the da� �• :•�
<br /> , ���.�. . � po . .
<br /> - ;� � noti�is mailed by.1.eader to Ba�mwer that the iasuraace carrier ofters w set@e a claim for insuranca be�sfits,Lendes , - .
<br />~: .�•: . � . ia authorized to oollect and apply ttie imsuranoe pr000eds at Lender'e option either to�storadon or repair of t�e
<br /> .. � Property or to the sums savrod by ttis Dad af Trust. ' �
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<br /> �. ��. . � . ' oa-aasa oceo ot nusr�s oAioiwu r�ao�sn '
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