|
%t ' , . _. _ . i?,:�Ss o_ _ c� . . , . , . .,.. -'t. . � .•`' :i ' _ .i• . ' . __ . 4' , - _ _
<br /> . Y ' v'+. d�p r-a ° . �' _. . • .. . � r � , ...���'[ ' F =_
<br /> . ,.
<br /> . <.
<br /> ,. . „
<br /> .St. y.:- .. ..F.,., .'._ ..y.J �_ " - , _ .:h . - - •c_ _ _
<br /> " y^'� _r} j `•' V y' ._ ' _ .
<br /> —3c. � . ' � ` � -_ - , (�a ��...t G}Y '
<br /> —_'L . ' . . . . _
<br /> �.� . ` . - �t '4 '. —.
<br /> —_n � - � ` . ��S . � � � � • • �. .. ..o 'i� _.
<br /> „ , ��c•x� ' _--
<br /> _ . • E, i�� . ` =`t` --__
<br /> `. ` ` � ' �������� � ` � � �Arr�F A__
<br /> � , aRra {t -ANfS.�QnowBr eitd LenffErCOr�nant 8nd agree asfoitow� ; .�:.-
<br /> i- �' � '� � � � !. Pay�nttilp i Prfst�f�nd lAt�i�1. Bflrrower shall promPUy Qa}�wheo due the pnncipal o?and mtarest on tho . . � .�-_
<br /> ,, r , - � :: ', '� .
<br /> • . . mdebt8dneaasvfQan�dbytheKote,praD�Ymcntendtatach�rgesasprovidedint4teNote.andthapn�upatotandinterostcn • ,� � : �=
<br /> . ' , • any Futute kdvanees B�e4r�d by ihe ati of Trust �y�p{�nder � � � • �-
<br /> . � �.F�Wt4a�[MSe}dt�uuras�e�.Sub18dt0eDptica4tetativortoSwrittenwaivarbylenQer.Sorcowersn�li '�_,
<br /> ` � ontii�6ay�ont4�tyinsffittmenbotpdnelSalandint�restarepayabieunderlheNotauntiltheNatsispaidintuU,asum�(herein _�
<br /> � �� ' "Funds")equal to one-1we1Rh af tne yearty taxs�ar►d eaaessmen�whieA may atffiin priority ov�rthis Deed of Truet and ` f ` .�.�
<br /> grpundrentsanthePragerty.ifanY.Plusarte-lwefMofyeaAypremiuminsffitlmernatorhatardipsarnnce.pfusone•twelfthot. r,�. °
<br /> - `�_;,:r--�:._ , eariy Ptemlucrs tnateltments tot martga i�surance.if any.elt es�sonabiy estimated inwat�y and from tlme m tims by .r
<br /> � �enaerontt►adas��fassassmaMS�n�`ftisa�td�os�a�es�ataath�t. � -:� °. . —
<br /> ' � � � TheFundssha!ib9heldlnaninaUMlonthedepcsitsataccaunt�olwhich�re�nsure�orguarantead,byaFede�ators+�ate . - .���
<br /> _ ��,. , , � ,;� agenry•linctudtng Lender if Lert�er is sust�an instltution).Lender shsll ep�tty Ma tunds to paY sal0 mxes��d�a� , ` . . -
<br /> insursnceprem�umsendgraundrentaLendermay no9�hargetorsohoidirtgendappfllingthaPunds.ana�y:ing
<br /> � # orvedtyingandwmpfling5atdasaessm8ntsandb311s.unt6ssLenderpayaBoROwerinterestantheFundssnd plrcaDtatew -
<br /> . .. • � p��rm� �tsLendertomatcasechecliasge.HerrowevandLendermayegreeinvimtingattnotimeotexewtionottAis�eadatTrust
<br /> = % �—y th8t iiR8f�5i os�uie�arisi`a 5i�ii w ya+��.°+..•• ••�•.�•�u�=��t�n�etw nr pnnlfcalbe 18w reaui[eS StiCh � _ _ _- _
<br /> • • , � � irttarESttobe pai4Lenderstiat�rtotberequiredtopay�orroweranyintdrestareamiegsonths�unds.Lendersl►atigiveto ,
<br /> < Borrower.withoutch9[�e.ana�na9taceountln�ottheFundsstiowing creditsan6de5itstotAeFund�andthe Durposstar t" _
<br />_ ' . . , . � i whtcbeachdebittotheFunQswasmade.ThoFundssarepledgedese+ddittonalsseusirytortheaumssecuredbyt�tsQeedo9 �, , .
<br /> - . . . Trust . •
<br /> NtheamaurtiotttlefundsheldbyLertdas.tageth8rwifhthei►nuremcnt�tyinstallmentsafFuadspayebiepriartothedue � , , .
<br /> ;. � � ` dates at taxes.assessment9.insurance Premiums and ground re�.shali exceed the amount tequired to pay s�i6 ta�ces. . .
<br /> � � as5�sssmeM�insurance priemivans and ground renta as they fall du9,such excess st�a11 be,at Borrowe�s optian,either . . • �� ,.
<br /> �':< . ' pr o m p t 1 Y r ep a i d t o B o t ro w er ar c redited to Borrower on montt►ty installmer�o!Funds.It tlte amount at the Fun6s Ae!d by . �'
<br /> <. Lert6ershai!natbesufGdeMtopay'�tax�s.assessments�insuranceRr�emiumsandgroundrertisasthaytaitdue.Banowershall • '�
<br /> : 's; .' � . � . ay t o L e n d e r a ny a m o u n t n�e s s a ry t o rt�a k e u p t h e d e fi c i s t�c y w rt h i n 3 0 d a y s(s o m t h e d a�n a ti c e r s mail e d b y Lenaer to . ` ' �-
<br /> - �rrowe�cequesting�payment trieseo� , .. `` , -.
<br /> - . _- - Upan psyr��ntit�futlot�tfl�s9curedDythisDeedofTrusLlendershallpromptty�efundtoBa�rowerarryFunQshetddy - -- -- '�'
<br /> ' LenQer.Hundesparagrapbl8hareofthePraye�y�ssoldartltePrope�y►sotherwtseacquiredbylender.i.endsrshallapA�Y• � �-
<br /> .. � , nolate�thanimmed�aLet�►p��gu�S���ay��o��o��tonby1.eader.andFundshetdbyLenderattAetimeot . • � _�
<br /> aPPiication as e credit egai " '. ''_
<br /> ' 3.Appiteatl�01 Pa tlnless appllcabte law provid�otherwise.aq payments received by Lender under Me Note t `" , . . :;.`t:
<br /> � � � ` and parag�aphs 1 and 2 eteof st1811 be e�Dtied by I.ettder nrst in paymant of amounts payabte to Lender by Borrower under � . - _
<br /> � ' � paragtapb2hereot thentointerestpayabteantheNote.thentotheprineipaloiMeNote.andMentointerestandprincipalon ,i L.1�
<br />- - -- -- � -: . - an�Fu9tseAdvance9. � ' �������y
<br /> �_.—�—�_��:J:s-r41.�__"_-.
<br /> . . ` 1. C�id�rw.BOtrowetsshaflpSyailtexes.assessmenbar�dotfiercharges.finesandimpw"itlrnisattributal�fetot)re � :- ._.__�: .--
<br />" - ` Property whiM may att�tn e pn0r��ty aver this�eed of Tnxi�and teasehatd paymerrts Or Qround rents,it arry.in the mar+ner
<br /> ' provided under paragraph 2 hereol o�.i1 not paid ln such manner,by Borrower makirt�payment when aue,directly to the � . ; • `. + z
<br /> payee thereol.Horrower shall prcmptty fumish to Lender alf notice.s oi amounts due under thts paragrapt�.ert61n the svent , ,
<br /> �•. . : ` � ' HoRawer shatl meke payment di r e o Uy.8 ortower s Aa i!pro m p t t y t u m i s h t o l e n Q e r r e c a i A ffi evldencin g sacfi paymants. 1 • : •
<br /> � � . : B orrowar at�ll prom p t l y dischar$e any Iien whfch has pdority over tfiis Oeed oi T�ust proviCed,that Bonower s bal l rtot Ite i � , .� i ..
<br />" • � �. requiredtodi�Cf�rgea�rysuchliensolongas6arrowarshailagreeinwritingtothepaymentottheobligationsecure�bysuch � . _
<br /> • � tien in a mannaracceptabte to L,ender.or shatl in gaod taith eontest�uch lien 6y,or detenQ enioreement of such tien in,legal � �� ,
<br /> proCeedtngs wh1cA operate to preuent the entorcement of t1�e Iten or torteiture at the Proparty or any part thereoL • !
<br /> �� :t+<. 5. Nssaed fnsivanl�Borrower shall keaDthe tmprovements now exisGng or hereafter erectad on the Property insured � ,_ • �,. ,.
<br /> �"i�,;;;' � � aga9nst loss by f re�haaards inctudad w+thln the tarm"extended coverage".and sucA othe�hamrds as Le�Qe�may require , -
<br /> •:���°•� andinsuchamountsandtarsuchperiodsaslendermay requir�proutded,thatlendershatlnofrequicetha4theamountof i ��.,i°��t�
<br /> � � such caverage exceed that amount ot covmrage require0 to pay the sums secured by this Oesd of Trus� � , , r j���:� �
<br /> . � . ThislnsuranC9carrlerprovidingttiefnsuranceshailbechosenby Borrowersubjectto provaibylender,provided,that j . -, •
<br /> . . , •� under pa�g n 2 hereof or it notp�d nj such manner by Borrowerar�a�g pa�yrttent xAtenedue direcUy to Ue nsu�iance � . � .
<br /> ; . ,;;:;: �. camer. . . '�.�
<br /> • , .<.��,.:, All insur8nce policies and renawatsthereof shafl be intorm accepta�tato�-ender and shall inctudee standard moKgage i ._���
<br /> • � clauseintevarofandinform&ccepfabtBtoLender.Lendersha11h8vetherighttOholdtAepoticiesandrenewafsthereofartd � , '��. � .
<br /> ' ` � Borrowershailpromptlytumishtolenderatl�enewalnotic�andallreceiptsolpaidpremiumalntheev�ntottosaBorrower � ;�: :
<br />-,:�r; ' sAailgivepromptnoUcetotheinsurancecarrierandLender.LendetmaBrnakeproofoftossitnotmadepromptlybyBorrawer. ,`
<br />=;ji�: ` � •'f-; UnlessLenderandBoROwerotherwiseagreeinw�iting.insuranceaz�uceeGss�alf6espptiedtoec�torationorreAairolthe f ��-
<br /> . • �;,;�..: ty � . �
<br /> •.,,f�,��: PrapeRy,demaged,provfdedsuch restoration or repair is economtcaity teasibte and the secun o9t6tis Deed olTrust is not �-
<br /> ' �`' � � . �`�'r°.� thereby�mpsired.it such resMraUon or�epair is nat ecanomicaliy taasibte or if the secunty ot ihis Oeed ot Trust woutd be i
<br /> � ` '' impaired the insurance proceeda sha11 be applied to�d�ums sec�ued by this OeeOt G+Z�usR with the excess.it any.paid to . � •
<br /> . . j , �. • � , fdorrower.N Ne Properry is abandoned bv Bonower,ar�L•'$orrower faits to►espond f2s Grander within 30 days irom the date � ,
<br /> . R � �,,,:t�•, notics is mailed by Lender to Borrawor tf�at the insura:�ce carrler oiter9 to settte a d:un tor insurence benefita,Lender is �
<br />_ , � .;�,•.���A,� authoQzed tx celtectand a�pp1y the insua�c�as proceeds at LenQePS option either to restaration or r�pair ot me Properry or to �
<br /> • the sums�2�urrd by thia Deed 01 Tru� ' . � . `�� . .• . ,;
<br /> � r�d
<br /> � '�r.,, ' Unlessl,�rleoandBorrowe�othenvi�a2greeinwriting.any,sucbapplicationotproceedstoG��'�"��7alshaUnotextendor �
<br /> .� .�;;.�.. , postpone i�O due dat�of Me rtconthly ir�s�llments reteRed to in paragrephs 1 and 2 hereoi ar caa.:ge the amount of such �
<br /> • ;+;!';;� � mstaltments.H under par� . '�18 heteof 4he Properry isaCquired by Lender,all dght title and lni@rest o18or�ower m end to �
<br /> ` ��' � anyinsurancepoticiesa�oc�dtotheproceedsthereotresultingtromdamagstotheProperryprlortothesaleorA�cyuisition i .
<br /> • � � shall pasa ta Gender to the extent ot the sums secur e d by t h i s�e e d o t Tru s t im m e di 8 t e t y p r i o r t o s u ch safe o�a�c c sition. ! • _ .
<br /> �l 8. Pre�3onandMalnt�nane�ofl�a�rlY.Leas�Aota�:Coadominfum�9lsnnMUnNOev�t�pms�b.Barrawe�shall . ,
<br /> � ' � ' � �,:-<;.,� keep the PrmtMriy in good repeir and Sta�l�+r.ot commit waste or parmit impairmenf af deterioration CY the Property an d s ha t l ,
<br /> comptY vritP�Uso�rovisiansofanyleaseifChisDeedolTrustisonateasehofd.Ifthis0eedofTrustisonaunitinacondominium � ,
<br /> " ` � or a ptanned unit devetopment Bonow�r shall pertorm all 01 Borrower's ohligatlons under the Qectaratlon ar cavenants �
<br /> � �x� creatlng or�oveming the condominium ar ptanned unit development the by-laws and regulatians o1 tha condominium or
<br />- �'! ptanned umt deve!opment and wnsUtuent doeumenta.li a condominium or planned unit devetopment ndet isexcuted by �
<br /> :-:. � Bottower ar.d reCOrdsdtogether wiih this Qeed ot TrusLthe covenants and agreemenb of such ridat aha11 be ir,�porated �
<br /> into and SP;i�:emend and suppfement4Pao r.ovenants and agreoments of tt►is Deed o1 Trust as it the r�der were&part hereof. �
<br /> ��1 �:�::;��� 7, pra�of Land�'a Soeuri�yl.tF��rrower taits to pertorm the covenants and agreemen�ca�ined in this Deed ot ,
<br /> _� Trust or if ar,y actlon or proCe9tling is am.�:°menced wlth materiatly aKe�t4s Lender's intere3t in the 6ircpeRy.inctuding but not �.
<br /> �,L Ilmitedto,eminentdomain.insotvency.co�eentorcementoraaange�cztsorproceedingsinvotv,'�gaba�kruptordecedent �
<br /> - then I.ender at Lendera option.upon noticeto Bor�ower,may makesuch appearances.disburse such sums and take such
<br /> � � �� actlona9isRetCOSSarytoprotectLenQBPeintBrpsLinctuding butnottimitedto.disbuFr:nento}ceasonabteattOmeysteesand •
<br /> ' enUy uponthePropertytomakerapairaltlenderrequiredmort agelnsurancease�crd"�:ecr;makingtheto�.n�turedby �
<br /> .� • • tho Qeed ot Trust Barrower ahatl pay t9sa premlums reQuired�o maintain such ins��nce i:�c'4uct until sucy"►�.��a as the , .
<br /> � ' requi�ementtorsuchinsuranceterminata�inaccordancewitt�Borrower'sandLender'swntten�. �;�nentorapp�:calbalaw. ,
<br /> � � ' � � Borrawer ahall pay the emaunt o1 al)mortgage insurance permiums in the manns►provlded urt�ar�arag�aph 2 hereol. �
<br /> ' ;;� �� .� ., Any amounts disbursed by Lender pursuant to this paragraph 7, witA interest tt�ereon. �.all 6eceme addiUonal !
<br /> i , indebtednessolBorrowersecuredbythis0eedotTrusLUnlessBorroweranalendersgroetoothertermsotpayment,such
<br /> ---- - amount9shalt be pay8b[e upon ooticetrom lender to Borrower recluesting payment hereof.and shall bear lnterest trom the �
<br /> � dateoldisbursementatthe►atepayabtefromtimetoUmeonoutstanding prmc�palunderirtialloteunte�paymentotinteres!
<br /> � � S' at such rate would he contrIIry to applicablo law.in which event such amounts shall bear interest at the highest rate
<br />- � � • � perml5sibteunderapF���blelaw.Nothingcontainedinthisparagraph7shallrequ�reLendertoincuranyexpenseorffikeany ,
<br /> '� acUon hereunder. , .
<br /> - . � • • 8, In=pe�ttan.Lsnder may mako or cause to be madereasonable enVies upon and insAections ot tho PropeA�l prov�ded
<br /> . � 1hatLenQershallgiveBorrawernot�cepriortoanysuchinspectwnspacifyingreasanabteeausetheretorerelated�olender's ,
<br /> � interest in thB Property.
<br /> .
<br /> ,•__ ti�_._ :_'_ .�_ . '_ _ �
<br /> . �, ,
<br /> ., ,; ,. - ' .. . � �
<br /> �. ..
<br /> y � _ • •.. - . . .
<br />
|