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<br /> - •�`'�UNIFOFiM COVENANTS.Borrower and Lender covenantand agree eabttows: � `;, .
<br /> =. ; � • ` �,p�y�r��y� and tnUceri Barraever shall promp4ly pay when due the principal ot.and intsrest on the .
<br />- indebtedn-r.�1eKltt���eNote.prepa tandlatsct�ar�esesprmndedintheNotg.endmapnnc�palofandintereston � , s `
<br />_ � . any Future Astvances sacuted Dy the of Trusi :
<br /> � Z FundsbrTe�sastdlnsurartd�•Sub�ectt�ePAltcabtelawortoewrittanwaiverbyLender.Bflrtowersriattpsl►tof�t►4er
<br />�. , , , �. onthedaymontMyi�s4attcr�entsofprincipa andinterestarepayablaunderthe�oto.unttltheNototapaidintull,esum(Re�in
<br /> ;
<br /> � .` : . .. . ^Fundsy�quaiwane-tavelf�a�th�e,y�e�arty�efthotye�eriyprme�miumin}�tatm9ntstar phazerd�it►suetance.pf�usone-twetfthot ..`, Y �`` ;'
<br /> . _ .._ -
<br /> - _ ' ,. ground�entsanthePrapemr.' Y• `;� ., :.
<br /> �'.. � yearly Premium insffiItmerAS tor mortgage,insurance.d any.811 a9 reasonabiy estimated initlaity and t�a�t���o� Y .• , .
<br /> � Ler►der on the basis af ass9s�en'+9 a�d Dilts and reasoriatile estimstes t�ereot :�.
<br /> � �"� • ''�: TheFundsshallbahetdinaninstltutionthadspositsnreccaunbotwhichareinsuredorguarantaed.bYe�ed��alar8tate �� k ,
<br /> . � � agency(ncivding lender H Lender is such an institutlon).lender shail8ppfy the tu Rds�te p n���Rg ,��.dac�e� �', ,< < ;,
<br />-- . . ��: • ° insurancepre�iumsandgroundrertLS.lendermaynolchargatorsoholdingandaAPh� 9 F� a� . . ;.. . _ ;.
<br />- . . arve ri t y i�a�a rt t l c o m p i t i n g s a i d a s s e s s m e n L S a n d b i l(s.u ntessLartdc�P a y s��nwa tl�e tir�ne a f m�c e e u ono f�U l�i 9 a���T t�u s i • �- ,� t
<br /> �.. `,.. . . pertniLsl�ndsrtom^.kesuchacharge.Botrx:°vendlendermayagree 9 .,,, l"' .
<br /> " that inter8st on the Funds shall be paid to 8orrower.a�d unt5ss such agreemeM is made os appticatlse iaur requi_res� �
<br /> � interastto 6e psid.L,er►der st�alt not be required to paY Borronrer eny intarestareamiags ont�s Pundslender shail g"svetu :.�,,�•. ,cr, �
<br />-' • ' ' Bortower.withautchargaanannum8a��nFundsaple0gedesedQ'�U�'onats2�urityro tRas�ms`�''��Y�isDe�edaf� .- ��,�. • `�.`�s��`
<br /> � " whicheachdebittotheFundswas '� ` . • '°��"..
<br /> ::�t•:,•,. ;'�•€.,;, (Y
<br /> . • TruSR . - „ f
<br /> ' ' • IttheamountofthetundsheldbyLendar.togetRerveriththefuturemontMyinsiaiicnentsef�undsQaYats��prro�s�
<br /> . ' datas ot taxes.assessnents.insurance premium�and grouzsd rents.sha0 exceed ttee ama�r►t re4uire�t�4aY��� . • �:,,�-:,:�',
<br /> - � � assessments.insurer:ce premiums and g%ow�onsmo�y�in usta ime��Funda If the s.amtount of�Funds hed by! � . - ° `' `
<br /> .. ', ` - prompUy.�epsid to Barrower or credited to g ' ' -
<br />` � .. ` Lendershaflnot�esufficierritopaytaxes.essessmd�edefiaN'en��le�'m�30Ca�s�romtl�iedat�e odr.�eis�mai�lend�rt�o •. ��. '.-� ,
<br /> ,'.%r...� �. pay to Lender sny amaunt aeoessa�Y to make up .``:•"'t '. :'.,i3��
<br /> � BortQU�r requestln9 PaNmaM thereof. ref�e�b Borrowerany Funds h�r5�i . �';��+ . .
<br /> • U�npaymendntuilafeilsumssecaredbythisDeedofTr�.t�sQersdailprompUy ��� .� _
<br /> �!'�'�,.,` 1.�ncf2t.Itund�rPBragrapb18fierdofthePropeRy�ssoidorth�Pro?eRy isot�erwiseacq�hS/Lender.Lendersh�tE�p:�l•
<br /> � nolatarthanimmediatelypriorto�tasateo4thePropertyorits�..4uistuunEyLenc'er.andFw'�ShetdbyLenderatth2��t `�� ,�;��r =' �:
<br />_ � � applicatton as a credil against the sums secared Cy this Oeed oi Trust ents received by Lec,�casder Ghe Note ; _-
<br />_ � . g,AppQeatton of PBymot�ts.llnless flpptice�.1�:sav provides oitrenerise.2'I paym ,, .., '.
<br /> :.,y,�.. �. and pgragrapt�s 1 and 2 hereot s':'.�:�b0 aRA����Y�der first in payment aY amounts payabte to Lendes�p 6��wer under �__
<br /> ' �8.�h2hereot,tttentoi.�.ro��?labtecnL`21!I�ta.thentotheprinc�paloftheNote,andthentointere5tar�dCnrc�Ja° •�: rf ,�.-
<br /> . ':''`;;j;< �F�.�treAdvanCes- ' -.,:��pr�r
<br /> • � ;;,;:,:::' ; i.Chacp�s:Ufe�.@c�:Cwarss`:�,ipayatt�..s.assessrtser.tsandoffiercharges.tinesandinrpositionsa��en°'-�e4c"�� �. ,��,,,�,��s
<br /> • �- sms or round rentg.�f G-y,ia tha c�� � , r���
<br /> ' � r `'� . Pro pB R y which ma�v�'�a priar►ty csver this��of Trust and feasehotd�&.�rtt 9
<br /> f- ' h 2 h e r e o t o r.H n o t��:�a s v c h m a r.n e r.b y B o r���akin g p ayment,when dr��:re�$g� �y�< � �i,�:
<br /> prov;w2s!under par�,�p ..�4� �: ; ��4,;�
<br /> �l.t� .. � .. ` :. � a�aG"�ereot Bo�ear e hati prompUyfum�s�.•o Lende►aIl rta�s�es of amacz+�due underth is parag r a�►. :
<br /> ;:r: ` i:� c;;:r; ��er shall make psyment OirectlY.Bortower shail prem�L'Y tum�sh to Lender receiAts evidenc�ng such au� ., ,
<br />� � ' � ' ' Borrowe�shall promptty discharga any lieo whicb has pdoriry over this Qeed ot Trus�ppavided•that Bonower sh�[t n3t�e , r�,, : . ..,�;:
<br /> �;:..:;;,' ,
<br /> requitedtodischargean suchtiensolongasBonowershallagree��writi�9tothepaymentottrieobtigationsecuredi�yisuch .
<br /> r � l ie n i n a im a n n��a������t me ntarc9emen�t oi�tt�e fien oi to rt�e i t u ereo f t h e P r p e rt y a r a n y p art�tt�iere�oln+rt.legal ' ,� `'. ,
<br /> . . proceed gs P insured ;
<br /> 5.Hasud tnsu�ane�•BoROwer shail keep the improvements now existing or hereafter erected on the PropeRy
<br /> again9t loss by Hte,hazards inctuded within the term"ex4ended coverage".and such other hazards as I.enQer may require
<br /> � � anA(n suct�arttounb and for suCh parioQs as Lender may require•provided.that Lender shall�ot re uire that the amount o1 '�`i,.
<br /> '`�+„ ' .
<br /> ; . ' � .�.. • ' such caverage exeeed that am�,���e�u ance sf�a�U�bactiose byBo ower g�i6�tttoa��pro al by I�.ender:�rovided.that ,'.. . " . ..
<br /> � Thisinsurancecernerprov g '. r�.%%
<br />- ' . such approvaf shail not be unreasonably withhetd.Au premwms on insura�te policte9 shati be p�1d in the manner provfded
<br /> � under par8graph 2 hereot or,il not pa�d�n sucA manner,by Borcower making paymen�when due.directly lo the insurance �•�rt. ''
<br /> camer. , � ` .
<br /> All tnsurance poUcies and�enewalsthereot shall be in form acceQtebte to Lender and shali include A standard moRgage �
<br /> clauseiniavorofandintormacceDtabletolender.LendershallhaveMertghttohotdthepoliciesandrenewatsthereofand . `•:1�. �
<br />- � • . BarrowershaUpromptty(urnishtoLe�nc�e��e g^d�����ndermay 8kepp ofol ossdnotmadeprOmpttybyBOrrower( •f , ?����
<br /> shallgivepromptnoUCetotheinsura ' '
<br />- UntessLenderandBorrowerotherwiseagreeinwrding,insurance�roceedsshaftbeappliedto�estorationorrepairatme ..� �"��,
<br /> � � . PcopeRy damaged.Drov�ded su��n o►e�a1r�s not e�conornicaltyeasibie or d the secur ry Ot th�s 0 ieed oe t Tf u�st wou d be y�f . a-
<br /> t h e r e b y i mp a i r e d.I t s u c b r e s t o P � • ���i:(
<br /> . � g°rtapw,e I}etia Propnsrtypis abandoned by BoR wer to r t Boriower fa tls t a�esp O o d to�tT.ender w i ti�in 30 da y s from 11pe dat
<br />- � . noUCe ls maited by Lender to Borrower that t roceedset L.ender s opron ettsheer to resto atlon or�epa rl of he Property oi to - ���4
<br /> � authorized to co►lect end appty the insurance p ,�,, ��
<br /> the sums secured by this�eed ot Trust
<br />=� �i� ' UntessLenderandBor�owe�otheMriseagreeinwriting,anysuchapplicationotproceedstopnncipa1shallnotextendor . � -rr,-�;
<br /> � postpone tt►e Cue date o!the mvnthty instaliments refened to�n paragraphs 1 and 2 hereol or change the amount of such , •L,, �. ,#�_�j
<br /> 1- ' � inatatiments.if under para 9raph 18 hereof the Propsrty isacQuired by Lender,a8 rlgt�t title and i ryort�othe8aleowaT�u,siuon t . , ":`
<br /> �' ' anyinsuranceDohcie9andlnandtotheproceodsthereotresuttinghomdamagetotllePropeAyp W . (' �,:�
<br /> Shall pass to Lendet to the extent ot the sums seCUred by thls Deed of Trust imme dia t e f y p d o r t o s u c h s a l e o r a c q w s�U o n.
<br /> '•: . : � � 8. p�esfrvationandMainten�neoolPraAerty:LeasehoiQs;CanQomintums:VfannedUnilDeveto na.BonowershaU . ; � r�
<br /> � � kespthe Properry in gooa repai�and shall not Commit weste or permit impairment otdeterioraUon o the Properry aad.shall ,�;,�
<br /> ' compiy witT�tt�eprovisionsotanyleaseitthis0eedolTrustisonaleasehot4.Ilthis0eedofYrustisonaunitinaconda:r.,:�ium „ ; �
<br /> . � ' • � . • c eatlnag o egdo 8 de9�e condom,n um o�r ptanned un t Qe elopment the by�laws an0 e�g8ulehtions ot U�ie conQomiroum or � ; •� .
<br /> � • � Boarrowe endrecotdedtogeUterv thlhisDeedotTr�thecovenantsandapgreementsolsuchridershelabeincarporeted { ,..' ,,.. ; ;,.;
<br /> intoand shail amond end supptement the covenanffi and 8greements of this Deed ot Trusta9 ilthe rider were a parthere0t � ';
<br />-i �. �, pmhcUonotL,�nQar'�S�euriry.IfBorcowerfaitstoperformthecovenantsandagreemenbcanta+nedinthis0eedol ` �. ;y
<br /> � Tru9t or ii any actlon or raceeding is commenced withmaterialty aHects LenQers interestin the P�operty.including but not `
<br /> _., Ilmitedto.em1nentdomaPn,insoroaney.codeeniorcementarar►ange�entsorproceedingsinvotvingadankruptetdeeedent. , ...
<br /> then Lende�at LBnQer'9 optton,upon noUceto Bottower,may make such appearancea disburse such sums end take such , y,•;+�,';
<br />— ' aetlonesisnecessarytopro2ectLender'sintoresl.lnctuding,butnotlimitedto.disbursementolreasonab!eattomey'steesend
<br />�,. , � ihe Deed o1 TrusRpBorr wer shali pa ttie premiums required�ogma ntain such i�surance�n etfect until such time as the � ��y 4�
<br />- ± ' � requirementtorsuchinsuranceterminatesinaacordaneewith8orrower'sandlender'swrittenegrElementorappilcAibelaw. �
<br />_ � • BaROwer shall pay the amount of atl mortgage ant toRthis ep ard�ug reph 7.ew A iMeve91 iMe u e o n�eshatl8�e c om e add uonal . �
<br /> ' Any amounts disbu►sed by Lender pursu
<br /> ` . indebtednessofBotrowersecuredbythis0eedolTrustUnlessBnrrowerandlenderagreatoothertermsolpaymentsuch : , ,� �s;
<br /> amount�shail be payabte upon.notice irom Lender to Borrower requesting payment hereol,and shall Oear interest from the . ,��,
<br /> •+ � � � 8i sucb raie v outd be tcont8rtary i ea p�plic�ab ert18 i in which e en tsucbTamounts shall beart�tetest at 1h8 highesterate � .
<br /> � • � permissibteunderappUCablelaw.Nolhingcontainedinthisparagraph7shatlrequireLendertoincurarryexpenseor�Tcearty , ,:.�
<br /> � • � ':f:''�� acUan hereundet. ' .
<br /> . g, �na,�eUoa.Lender may make or caussto be made reasunable entries upon and inspections o1 the P�oPeRY�Orovided
<br /> ',.�,;�; , � � thatLendersnatlgiveBorrowernoticepriortosnysuchinspechonspeatyingreasonabtecausethereforerelatedtoLender's `_
<br /> • . . � interest in the P�operty.
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