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<br /> � �---m � � • . , 1Q1717 02/10/'1995 ,;. :'°``-
<br /> �At�BS S HQIe."SBS CONNIB L HOL.�SSS 9�,��'�,�W)c�t8a) �,
<br /> IJNIrn��1 G0�IBNAN'I'�. l�oj'����;er 1n+1 I..end�c coY�:ltv t'r.a'I ll�Y�:�t.4 f�slluve,,: , �' —
<br /> � 1. Yaymtilt u? Pelrtclpal Qazd 8rdcr��l. Uizz[ov:cr :•.l�,t!�1 ��i���!�ytlg� p��J wYicu du�: tlze {+f�t��:i,:�� ��t!1 �li!4f�`+l I „
<br /> '�'�_,,.•,�' ,...r� i i x S e t H t d n e.5 s e v i d e n c e t l b y Qt e Note at�l l3te charges as pr��vlct.rS iu��ii.t�ute. ,
<br /> �. �t�[or T�xe�wtid[�un'�ncc• SubJect ta app�icaht:�1�,��ur a writnCil WA k V C r 6�y D..c i H l c�r, B o n o w�r s h a l!{►a y t o � ;
<br /> "__�'�, : , ��r����,Jiy n�n�Y PyYrncnts of pri�xi�.�l urJ iii►_.r�st a.rr.��5'�f�l���»�1�t�•chrr N�t,:.��ntil thc Nc►tc is paicl in full.u ,
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<br /> -°-�,��`-.�° ,x � sum(t�rein "Fuuds')e9ua1 to uns-swelfth of ihe yc.ztiy tu��a A r d a rr�s s r u c u t n ('n n;l udia�czrodunu�uun►and pl��u�ed unit � �..7T':r%:-- _
<br /> •. alc:i.lu��;:r.i:r:�_�n"'r��;, if a�iy)wltich cuay �tttin��iuriq•�yv..ff th3s Decd of'1'�vrt, anr!grow�l rents un the Praperty if ,. •�_,. ,—
<br /> a fu��uou:-ew�{S�i��;f yt:_rly pnu��nn�ie�s�pllnunts
<br />,' �-`��'• ��a;q;,�. iu►Y.plus one-twelfih af ynuly premium inst�llTUCncs far hu�.�d in�urancr.P .,, r, , ,�;,.,,
<br /> �'� .-'�-�""�� �'ur n�ong�8e i�svr�uce. if any. a11 �s rsuanably estiiu�r.rd in�tizlly aaxl 8nanr tunlc t� tin�e by Lcnckr nn tt�e basis uf ;;�*,.:��;��
<br />_ - �_--_�_ " ass�ssments aid bill n�tha Borr�ower n�:ifcr tsuch ptytuce.ns n�tti^.Iw drt'of a ps5ur.,i�u�aB�rotkikec�1 of mut if such�Ider
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<br /> ::, � �` . to Le�xler to the eate , , _-
<br /> `. ,... is an icuditutiontl lender. . .. �
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<br /> � If Hczr.owcr pay� Funds to Len�ler. tl�e Fu�s sfi�t�l b:Ir:ltl in�n ins�tiuitr�:�n etr�deposits or accounts of which are �.::,;..- "
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<br /> . . � i�ted ot guuanteed by a Federal or stare agency(itr.lzti;li�l.ti;txler if Len�ler is such an in�titution). Len�r sYu!!upply • '>.;:.:j`• ,''r : -
<br /> ' ' the�unds to psy s�i d t axes.assesstncnc�.iasurux:e�nie�niumb uid gmund n:uaE. l�cnrter miy not chuge for so 6olding and .. �'-._-_.:.�.;';. �
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<br />�:.; . , apply;ng the Funds, analyziag said accou.nt or veaifying anrJ com,pili�� s.9id, �3ssessr�ata and bills. u n less I.e�er psrys �' ..;J ��;�''.._.. `
<br /> .�__ Borroveer irs�erest on the Fu�s w�1 ap�siicnble I�w qrrmits L.e�r.ler to n�alce alicb.a charge.Barmwer wd l.ertder nv►y agree .
<br /> """=*: • don of diis Deed oti'YLtist that interest�►n th�z l��.od,sh.il!6c paid t4 Bocmwcr. u»d unless , ;,�•:_���'_
<br /> � � in writYng at t6e time of exe�.0 y�����
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<br /> � yvch yigreenient is made or applicable I�w require:s sut� in�:rest ta 6e paiit.Lc:uder shall not be cryuind t�o[�.Y���tiYU'�� ,,,,�,_
<br /> • �� ,. �ny tnterest ur eamings u�tfie Funds. l.e��.zal gi���.tofor whish�each�d�tbrthto�t�e Furds was urad��TCrr �;,�f�v�Ic '�'�.u..'
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<br /> " ". �hpyying ctediu and debiti to[be Funds (�"�TR'� ° . —, _.
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<br />_ . pl�clEed as addidonal sec¢ries€or cbe su�s secuaed by this�'+xd af Tc�ust. ,�•,.�;..;_
<br /> , ..<..,.:. �n. fi�r��m m��rthly 'tQ.�lttllt�eets cf Ett��d'�i I.:E)r,.`�'i:�r.~rc es f�".s._.�.1:=;
<br /> -...,+�,,.:�, lf zhe amaune ai�i3e tas�ds�:id'ur i.��•.zo. •:•�:,-�.. ....� _� •--- °
<br /> F ttze due dstes of tues. �ssess�c�.irra.aance ptc�a.ium�and gmund reuai. shall ea<:eed t.��:a�^:r�:-`� req,rti�.^� �a��s.id ,. .�'^.?�:r�iu --
<br /> •• . �,, taxes. assessmeots. iosurac�e pr:cu-�and G,�rnr.rr9 rer�u as they fall dn�s. su�IJ.ex�.e.�s s.hi� C�. at Euac,al«aTS�pt�Y'. '-,:��'�,ar�_
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<br /> �; " either promptly repaid to B�mw�ff or�tec�tu @r�rmutr on monthly i��flnttl�rn:�t:s af Fuc�ds. If the a�o�:�R�r�d�e Fu�s .
<br /> ~� s;:iu�::.s and gmw�ct rents�rihP►•fall due.
<br /> held by Le[x1er shall not be s�ffi:czn!t co pa5'ta�es. assessmcnts. ia,�r�rnr.e�.r: �' �
<br /> `; �?� gacrowcr sh�ll pay co Lender any amx►nt mcessory io n�f:e up che du6,:icQr:y i�,orn:or ruore p�ymenrs�s 1-enter may
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<br /> ..'" Upon paYrosnt im fu".1 of all sums securcd by t11u Qeed of Trust. L�ead�:e sL•a►�R�mpdy ref.wd tQ BormH�er any Funds
<br /> ..���; tn,�.�.�ec ntlterwi�e acQ►ti[ed by lxt�det. I.ender �,
<br /> � `-�-a~ held by Lendcr. if u�deQ psraS�h 17 nereai cn:rru�iiy:s�±,l3... e _�...__, _ ,
<br /> :,r; Futeds held b I .
<br /> „ ° =� �bs(1 ap�ly. no l�ter ct�imm�ediately pric�v to Q� �+1�of the Frape�ay or i�ac��eisidon by 1.encler,any Y
<br />.. , " ,,e; ��r�t tte:qme of applicadon as a crodit again,t the sumy secureJ I�y tllis Uced of T�ust.
<br /> - ' 3.A}+�lkation ot PsymeKs. Unless app�ficab]:la�v providz�s adicrwis�.all payn�evls awtived by I.ender under ti.�e `. � :t
<br /> " �1ote and piraBr�Fhs I a*�2 h creof shall b�t a��3c�s��►y Lendcr first ii��uymeae af anx�unt��u��:�1e tn Leucler by Borcower I ;:k , .
<br /> - :<x.. 2�t cLzn to iexerest�+).b3e on the Notr.and d�ea to[bc�'�F����x-��e. �
<br />_ •. ' . • vnder puaBnPh
<br /> ..;.".�:- : .: 4. Pr4or Mortp� and Dieds oi'6'lruott Ctu*�-�: Lie+r►. 6u�;owcr s'.�:4 perfo*.-��*.]of Ba�w��s�bl6gadons � _�': 1,
<br /> .. �er any mongage. deed of trust or aMc se�:uzity agreewent wirli a lien wliich has pis��.'t�over this I�e�d of Tmst. ; . .:;1:
<br /> . .. ir�cluding Borrower's coveaants to malce po5rnc►rt�w•lw.n due. [iunmw�:r shalt pay or cause co 2�e paid all qxes.assess�.s .
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<br />_ „ .' ,_ r��r�g�. {v�.•S wd impcisiaons�tcitn«a,ble to the Praperty whicl�may azttin a priority over this Deed of'E'�^�. i ' a
<br /> _ ., and lasehold paymei-'rs ot g s o u��ents.�f asy'• r erected e�cs�ht Propetty !�' -� ���
<br /> . . . ., S. Eiazard I�►�• Borrower sh:�ll k�ep the improvemcots nc►w exss:i�n� or hereafte �;,,;" .,.
<br /> '':����, ,
<br /> --. � "' �„�: r ins�ered a�n�ns�loss by fine.haTZrds incl�l:d within the term"exlit»�led covcr,►;;ti', and suct�u`her bazard�as Le�der atay , '
<br /> ---„ ,-,,.'�.�,;,�:�" �;._.�nn�un suc6 areotmts and fir r,aeh�rica�s as Lender may mtsluire. �
<br /> . '�e�i�uranc�;c�itr providi�2he i�u.cas�ce shall be:char,en by 13onnwer subject tu�rnval by I.ender;provided. ' ,
<br /> . • th�t s�'n approval sh�1 aot be wue�onnh�l' w•�Thheld. All iosurar�ce {rolicies a� re�wzl� thereaf shall be in a fo:m ,
<br /> . .� '�]^to I.e�er and shall iacSu�e a sCwdird rm�ngage cluuse iu favor of a�xl in a foro acceQtable�of��o other , �
<br /> � ?{ ;�1 sball 6zs.,zbe right to hold the peuicaes ar.sf reQew�a ls c h ereo f. s u b j e c t t o t h e c c r m s e f a n y�u o rt g a�e, d e c x 9 �, ,�,..
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<br /> - ;<,:":':r„ ��ty��ment with a lien wh'se�bac p�iurity over ttiis Dc�ed of T[ust-
<br /> , ,.<<�;..�;r•,�� �
<br /> � • �,`�':;;+ In thc event of loss. Borrowet styall g�v►:pron�pi notice to ehe iasuram:e ca►rier avrl 1.��;�er. Lender ma�°�a1Ce pI°°f
<br /> ` �`,; ` .,:.•.;:t',�i':�[i;'
<br /> :'r'•:. .
<br /> `,:.;:,:4.,. ;7'.'r,1�S� of loss if not made pr.�'�y by Borrower. ,
<br /> . ,,.:rf
<br /> ..;��,,_t If the Pcopercy is aZvindmr�d tiy B°�m"''�P, or if Burrawer fails to m.s(w:wi m Lcnder within 30 �3�s from the te
<br /> - , �:�,y;`" . oocice is mailed by Lender to Iicarow:r t*:�t th�insurnnce carssr uffers to scule a clairn for insucanc�benefits. Lender is ,
<br /> ' authorig�9 eo c;ollect antl a}�ply th�iaivrac+:e p��►c:eed�a� Lendec's optiou either w reswraa�:��r n:pur c�f the Property Qr
<br /> ± to the sua�secured by eh�s Deed uf Trus�.
<br /> � 6. Prea��tiom and Maintcsaae off Pvo{x�rtpi ����+ Ca�domieiums: Planoed Unft Deselopmer�s.
<br /> ' ., the property in good:re�x+�r and sh�1l nnt commit�vsstc:or pe�mit in�pxirment or dete�i.�tnriQn ef��±e
<br /> Borrowe.r�all keeP
<br /> - , p�m,���piy wi�h th�provi,tiu�+of any Iease if this Deed of Ttust is on a leasehoid. lf this Deecl af rrusa is
<br /> ,i oo a unit in a coadQmi�ium os a Pla��ed U�`�'B d�velogn�eut.$°�xer shall perfurm all of IIor_•�wer's obligad�ns umlcr ti�
<br /> � decluation or covenants cmaisg or�ovecuin,3 tHc condouuniun►m'pl:u►ned unit developmevt:. the by-laws atxl re�ulat�QU�
<br /> ena
<br /> - � . :-�' . „ uf the covcWmiuium or p1anned unit deveir.���:�c.and canstitueut ducuments.
<br /> • . .� 7. Prat�dlaa o�IrmBer's Seeur[t}'. If Svsower 6ils to perfara�the coveoauts wd �green�ents consai�d ia chis
<br /> . .�� . Deed of Tnut.or if wy ae:tian or pcom.ed�3 is con�euced whizh nulterially affects��ed sbur.se s�us:i�un�.p ioc(w�.ing
<br /> _. . � �p�r�r naciea unon I]O�CC QO BDT[n\YL'C. may n�ke su� appearuices'r .`�--•--.c,,.,;.�.i ��o�ne -
<br /> •.'r "- ---- — y * f0 P(DLCC[ l.C[I�Cr s tiiicica�. .. .....�r. .^--� --.o.,,
<br /> �, - �easonablc attame s' fees. and qkr siu:h asc:u� as is necessary P �
<br /> � � imurwce�s a condition�€maki� ua lca:.+s.."r�.°e�by rt�is Bced of Tr��. aorrow•er sl�all pay die premi�n�s re9u�red to
<br /> _ . ,:,;� ,„,,�nr=SLl such inss�rance in etfsct un�til suclb: t►r!ti: as the requirement for such i»surance teiu►inates iu accardance with
<br /> � .'� n,...,�u�rr'�and i.eatic['s writteu ugr.c�cvt mv+►1-��:�ablc la�v.
<br /> _ .� p������,ced by LecYler�n►rsu;u�to Wis prraSr�Pn +•witn im�ic�.i,'tc.:.on, ax thc Rotc rat�,sl�ll bc�:onze
<br /> .';,, aslditional indebtcduess of lios'QOwer securtd by tdis Deed uf 7'nist. Uulrss F3ortu�cer aal L.e�xler agn�:o utl►er tecros of
<br /> " p�y¢tent. suGh �meunt� shali fx payible c4�n n��lice frnm lxnder to Bum�u•er n�questing c�►ymeut tb.reof. Nothing
<br /> rnntaieed in tliis�iaragrlpli 7 sh:�dl reyuire Letxic:r to itkur any expen�'uc take any su:ti�sn Itereuvder.
<br /> - � �. �{�. Le�ui�r nwy �nv1;c ur w�:�.:: to De n,�de re�u�uiblc entries upu�a ansl ins�ctinus uf die Prupeny. _
<br /> �. Qrovided that'-�'^'-!er shall give[iortovrer nuuce priur w any su�h iaspctiti�rn s�}rc�:itying reas+!nablc causP d►erefor related to
<br /> _ , �r . � � Let�ler's interest in tiie Pt'upcttY.
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