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<br /> } •' • � • , �lJNtiFORM COVENANTS.Bonower and Lender eovenant and agres�s falrows ' � . ._._
<br /> � 1.�ayrtt�nt o1 R�lndp�)enc!(RtN�tii Borrower sh�U prompity p8y wAen Eue the¢r�n:ip81 of art��ntereat on t'he , • _--
<br /> � � • inde�tedne�serrfdentxdbyMel�iot�,prepa enlandlagachargesa5prowdedintheHota.andNeD��tpalofan�iniareston —
<br /> . .. any FuAtte AdvBnCea secuted bytAe�T�,st , ` � . , .� �E :... ---:
<br /> _ 2 F�fatTs�ca��ndtfl�tt�anC�.SubjecttD�pllcabiete�vcdtDavrrittanwaive�byLertde�.eDtrowerehaltpaytolendar . . ,
<br /> - � �• ontPfeQ$ymont�tylnstaltmerttsatPrl�ctAStartdinterestarepayaSteundertPsetVol�untilNeKot�ispa�fintull�$SIj119�Te1/1 . r� . �+' ' '��_
<br /> � ' •. � "Fund9")equal to ane-tweltM o!tne yearty taxea an0 assessmenLS wtitcA may atPein priori�r avar thi9 Qeed o!TrusL an0 � . • . �=
<br /> ___ _ � • g�aundrernsonthePraperry.ifany.piusone-twefflhotyearlypremiumineffiIlmentsfovharardinsuranee.ptusons-twe�ftHo! � r
<br /> —��� � -� - • • • 1early premium tnstalili�eM�tor mortgsge irrsurar►ce.ii er►Y,afi as reasena�ty�sdmated in(tialty an�trom tima to tlme by � - � - =-��
<br /> -°--- --=� F ettBEt on e'te 6881ri ti4�sse9s�� aflt�ff Giifs and�.a' �tla�stas gs�se0t. • ' - .�'� -- ''-`
<br /> � ' � ThaFundsshatlbehetdUta�insti�lionthedepw.liboraceountsotwt�icAdroinsuredorguarranteesl.byaFe¢e�aioratate .. . � ��,�.
<br /> • ` : � . agency(incfading Lendar if LeRdet im such en institution).Lendar etisfi aypiy Che tunds t�pay safd texea elsassments. . . �
<br /> � • � �nsu►ancepremwmaantigroundrent�Lendermayaotcf�arg9toreuhOidin�pendapptyingMeFunds.enatyr.ingsatdaacount ,. `��
<br />_ .�. - -._ .._ �rverfyingandcompii[ngaai�a�aessment9andEiits,unlea�Le»derpays�o�rowerit�restontheFundsendappitcabtelaw - - . � -�
<br /> pemtibLendertamakeauchaehargQBnrrawerandLendermayagreetnwriUngatthedmeofeaecutionofthbDeedotttust . . ,'.:,�•
<br /> . _ _... .._...._, . �lnterqst on�e Fund�at�atl ba pald m Barrower.end uniess euch agreemen!is made or ap ticaltie lawrequ��� sucl� - : �:.`,s�,:
<br /> - •� � , interesttobepaIdLartderahall�ot�erequicedtopayBasroweranyinterestoreamingsonthe�unds.lendershatlgiveto _• ,.
<br /> � � � � � • Banower,wi4houtcharge,anannuaiaccoan�ngcflheFundsahowU�credi�anddeiiitstathafundsandthepurpasstor ' �� • :�
<br />— .. • .. " whicheachdeDittotheFundawasmade.TNeFundsareptedgedesaddifioaatsecaritytarthas�.�mssewredbythis0eedof • ' . < ��,
<br /> t • :' , Y � . , Trllst „ .
<br /> If the amountottnaiunda hetdby lertder.Mgetherwith the tuNre monlhly insfallrtients o1 Fu�Ms�ayaWe prior to thedue
<br /> _. . daDaa oft�c�,essessrttetm.insuraace premf�ms and�aund rer�te�ahatl exceed the amaunt te�aired to pay seld taxes. s „� y;�.
<br /> • assessments,insuranea premiums andgro und renb ss they fa11 due,atch�xcess shaU Qe at Rorrowar's opti�n.�ither •. � .
<br /> .. � � : � proenpUy re�d to Borrawer or credited to 8orroweron manthiy in�taUments ot Fund3.Ii the amourH ot the Funda hatd by _ • . , �:•
<br /> .Y �endersfial notbeautRcienttopaytaxes,assessmems.inswancepremtumsand undrentsasU�eyfaiidaaBorrvwerahat� , ,,`
<br /> gm Us
<br /> ,� pay to lende�arty amount nec�sary to make up Ma Qeficlertey within 30 days from ihe date rto�ee 9s ma9led by Lender to � ,,� --
<br /> a . ; � ' 6ono�er requea�9 payment thercot ' � '
<br /> Uponpaymentintullofaflsums5ecutedbythisQeedofTnrsLLendersha11promptlyrefundtoBorroweranyFundshetdby :i
<br /> Y- -_ • ' �_� Lender.Nunderparagraphl8hereoflheProperty�ssotdorthsProper.ry isalherwiseacquir�sdbyLender.Lender&haila�ry. � ` `f
<br /> ; - . � notatartfienimme�at�typrtortofhesateofthePiopertyoriba�quis�lfonbylenQer.andFunEshetd6ylenderatthetimeot • � ._��.__ ;_
<br /> ..
<br /> - . . . . , , .. applicaumres-e-creditagaitisttnesumsse�ured�bythis-Qeed�otTrust .. . . - ---- . - .. . ..._ . _. ._.. .. __ .. .- ---- ; - -. ., .�L
<br /> � 3.AppQestlan of P�t�.Uniess applieaEte taw provtde3 oMorwiss.all paymenb reeeived by Lender unQer tha M1tote -a
<br /> • � ' and parag►8phs t and 2�ereof�hall de applied by Lender first in payment df amounts payabte to LertQer by Bo�rowei under � . -r�-•- �
<br /> � . . ' parag�aptixh��entoint�restpay�teontheHats thentothep�incipaloftheNot�ertdthentolnterestandprtncipaion � Y:` ,,. �
<br /> ., . F '•...�
<br /> . , �� 1. Ch�Lt�rts.Barrowersshal!pay alltaxes.assessmentsendothercharges�tinesandlmpnSittans�utabtetothe
<br /> _ • . • • Property whfch may a!lain a prior'�ty over this 0eed ot Tnistand IeasehotA payments ar�oun�rents,i!arty.in the manner � , .._»„. -
<br /> - • provlded under parsgraph Z herMf or.it na!pafd in sach marsner,by Borrower making enL when Bue,direcHy to the
<br /> �: � � pay8e tttereoL Barrowas ah8fl psamptiy Wmisb to Lender all noUCas af amounts Que un er thta paragraph.and fn the Esvent .�; -
<br /> �. • . Bonower shall make paym�nt direcfly.Botrower sha!!prompUy fumish to Lender receipts evidencing�uch paymenis. . � ;,:+' .�
<br /> - • Borrawer shail promptiy discdatge arry Iten whlch haa priodry over this Deed of Tnist pravided that Bonower shaD not be .
<br /> ` � requiredtod3achargea�sud�liensobngasBarrowersf�atlagrseiowMingtothepaymentottheobiiga6onsecuredbysisch , __`' : •
<br /> -*� ` lien io a manneraaceatBDle flo L,ender.or shall In goad taith coMest such lien by,or detend enbrcement of such lien in,legal " . �,:
<br /> A� , � proceedings whtch opesate to preve�t the entorcementolthe tien ortorteiture of Me Property or any part thereoL
<br /> �` � , 5. Harard Insur�na.Barmwer sAa11 kespthe improv�manbnow existing or hereafter erected on the Properry insured � ,'� ,
<br /> y against loss by fire,hazerds incQuded witriin the term"extended coverage".and such other hazards as Lender may require
<br /> -sY � ' • • andin�chamournsandiorsuebac�iodsasLendermay requ(r�provided.thatLendersl�atlnatreqwretha1thegmoun1a7 „-^ ��� .
<br /> -}, . ' � such coverage exceed that emo�rtt ot caverage�2quiretl to pay the aums seeured tiy this Qeed of Tcugt ��.,�.,
<br /> -��_..------=--: : ThisinsurantecarrierprovFdingfheinsurancesfiallbechosenby Borrowers�abjacttoappravalbyLender,pravided.that - " � - -.
<br /> __ '��-
<br /> � su��pprovalshallnotbaunreasortabtywithAefd.Allpremiumsoninaurancepoticiesshallbe paid�nthemannerprovided ;r�y
<br /> undaf g�aragraph 2 hereof or.if Rot paf0 io sacb manner,by BoROwermaking payment when due,direcuy to the insurance �
<br /> `� • • . � ��urancepoftciesandrenawatsthereofshatlbeinfo►maccep�tetoLenderandshailinctudeastartdaNmortgage � � . •
<br /> . ' claus2i.�favorofandinfarm8eeeptabletoLender.lendershalihavetherighltohotathepoficiesandrenewalsthere�f2nd _. �
<br />`�. �� ; • : _ Borrowershallprom ltytumi3htoLendera0renewalnoticesenda0�eceiptsofpaidpremtumalntheeventoflass.B9rrcwer • � �•.���
<br /> shaUgiveprompina�pcetotheinsurancecarrierandLender.LenCermaymakeproofoslossitnotmadepmmpriyDy6arcowe�. •�:f' .!`-'�"-
<br /> � � • " UntessLenderand6ortowerothervvtseegreeinwriting,insuraneep�aceedssQailOeappitedtOrestorationorrepairolthe �
<br /> `�, • . P�opeRy damaged,ptovided such restoration or repair is ecorsomicatly teaaiDte and the securiry ot this Oeed o1 Trust is not �.'.�' ..
<br /> thereby impalted.11 sach�storation or repalr is not economiplly tflaaibte or if the securiry ot this DeeO o!Tn�s!wsutd be .
<br /> ' impBi�Q,the insurance praceeds�„�*call be appliedlo the sums secured by this Oeed of Trus�with the excess,i1 any,paid L� t,. : ��
<br />_�a � � �� � BoROwar.it the Pmperty is abando�ed bv Borrower,or if Bomower faiis to respond to Lender within 30 days trom fAe da:a .-�:�:-,�- .�(;��
<br /> _ � ' • notice is maited�y Lender to 6orrower t5at the insurance carrier ofler9 to settfe a claim tor insurance benafits.L6nder is � � • �f
<br /> '"� � " � authorizedtocoifect�d�pplythein3uranCeproceedSalLenaefsoptloneithertorestor8tionorrepairofthePropertyorto k � •.
<br />-'� . th@3Uf1�.788CU[edbyi�;if9QB9dOfTN3t I � � - � •r.'
<br /> ��� UntessLenderandBorrowerothannriseagreeinwriting,anysucha�pticatonotptaeeedstoprineipalshallnotextE�ndor . � �;�
<br /> '. pcstpone ttte due date of the monthty instaltmenta reteaed to m paragrap�s 1 and 2 hereof or change tha emount o1 such , �•3,,.. � ,� ,
<br /> mstaUmenta it unQer para . b 18 hereot t�e PropeAyr is acquired by Lender,ap ri hR 6Ue and interest of Barrower in and to , • •?.
<br /> ��� � aoyinsurancepoilciesan �nandtotheptoc¢edsthereofresuttingtromdamageto�ePropertypdortoffiesafeoracquisiUon � - . • •
<br /> -�� •� � . _ . shati pass to lsnder to the extent of the�ums secured by this�eed of Trust Tmmediately prior to sucb sale or acquisitiCn. �. .
<br /> 8. Rr�rvaUonandMdntrrunaofPropKlyrl.usMoid�Condantnlum�P'I�rm�dlfillQrvNopm�ts.6orrowershall �'.
<br /> :�L ;. . ' � keepthe Properry in goad repairand 5hail noteart:m(t waste or permti impsimeentot deterioraftan o!me�ea�erty and shall i . ' .
<br /> -:'�'•��� comp�ywitfltheprovision9olar�yleaseifthi�Gee�olTrustisonaleasehold.If9:is�eedofTrustisonaunit��acondominium � . ..
<br /> ,�':`.�. . . � ' or a (anned unit Cc,s�topmerr�Bortower shail peAorm ail of Borrower's o�:igaUons under the decleration or coven2r.ts �
<br /> - crea�ng ar�oveming the conQ��iniam or ptanned unit devetoprRent the bytaws and reg�tations ot the condomirsium cr , ,.
<br /> �ti ' ptanned un�t dsveloptnent and carestitituent documents.If a condomimum or planned unit dcvel0pment rider is ezcutad Psy f .
<br /> � �- � - � Bonowerendrecordedtogetherw�cfithi9OeedofTrust,thgcovenantsanda�reem�ntsotsecchride�shallbeineorpor2..."fld � • � • ,
<br /> ; .:* . . � ' intoandshatlaor�endendsupptementthecovenantsa�dagreementsotthisaeedolTrustasiftfieriderwereapaAhereot � . •
<br /> . � �, p�y�n d�r S�cu�.If SonoxeP fails to perform the cavenan�s a�d agreemeMS tontairte4 in tAis Oeed ot .
<br /> Trusf.or if any acUCr�or proaeeding is commeaa�Q with materialty aNecb LertCer's i�terest in the Propery.�rtttuding but rtot
<br /> � � Iimitedw,eminentQoma3n,insoivency,tadeert:`�raemen�orarrangementsorproceedingslnvolvingabartEm:ptardecedent ' �
<br />- '"� than tendef at Lender9 optlon,upon noticsto Bonower,maymake suct�appearences,disburse such s�nsand take such s ��
<br /> � �• ac�an�sisnacessarytoprotieectlendetainter�tincluding,batnatlimdedto.disfoursementotr�asonaElealtomey'steesaaed ; '
<br /> envy uponthePropeRyt makerepairs:itLenderr8quiredmartgageinsuraneeasecondiffanotmakingtheloansec�redby � , -
<br /> � the DBed of Tnist Borr�rer shaii pay the premiums requlr�e0�o malntain such insurance in ettect untit such time as the ! • � �
<br /> " requirementfarsucbinsurarsceterminatesinaccordancewitbBorrowe�'9andLendet'swnttenagreBmentorappliealEelaw. �
<br /> .'�F • Borrower Shall pay the amount of all moRgage insurance permlums in the manner provided under para�ra�h Z hereot � : .
<br /> � ' A�ny a�mounts disbursed by Lender pwsuant to this paregrapb 7, witt� interest thereon, shail become additionat •
<br /> �: ?� • . . � indeDietfnessofBorrowersecuredbythisDeedolTrustUnlessBorrowerandLenderagreetoothertermsofpaymentauch j.� . . .
<br /> -. _ . `. amounbshall tre payabteupon notice trom Lenderto Borrower requesting_payment hereof,artd shail bear interest irom the !
<br /> • � � . • EateoldisbursementattheratepaysbtetromtimetotimeonoutstandirtgpnncipalurtdertheNoteuntesspaymentoiinterest !
<br /> . . , � • at such rate wautd be contrery to epDticabls�aw,in whieh event s�ch amolir�ts sAall bear interest at the htghest rate � ,
<br /> . ' pertnissibteunderappticabfelaw.Nolh�ngcontainedinthisparagraph7shallreqwreLenderto�ncuranyexpenseort�ikoany
<br /> ; �.}R ., • . . . acttonhereunder. . ` � �
<br /> 8. lesp�ttiot�.LendEr may make or cause to be made reasanabte entrles upon and inspecbons of the Property,provided : •
<br /> � �.. � � lhalLenEershallgiveBortowarnoUCepriortoanysucAinspect�onspecityingreasonabtecausefheretoreretatedtoLenQer's �
<br /> .' �> . � interest in the Property. . �
<br />_�t .� .. . . ' ' .. . _
<br /> �k.. .� C- • � � � .
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