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<br />`� ' � � . U�liFCif��A COVEPJANY5.Ro►rotiver c�nd Lendor eavcnent nnd npieo o:�1o1►otir�: •.
<br />_.�,;��.,�.,�•�:.;.��_: �.• whon �iuo the� princlp�al o!nnd intere�t o��thes � ,
<br />=�"��''�'�•'�'`f�''` 1. Paym��1 et PdncSpal and Intsta�l.�ar��wer sbAll promptip�&y �
<br />- Indebt�dncs�avi�te3icedtsythoNate,pr�paymentandlatechar{�ese�pcavidadlnlheNote,nndthepri�icipalofe►ndinter0ston
<br />-�<•ti�„�::.a�:.,'� any Futu�a Aavan�na�acuiad i►y iiio D:.:.J n!7ruet ���.-•�';
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<br /> ..,.,.�,,...,:,.,...• 2. Fund�kxT�xM�ndln�ersne�.Sub ecttoe pUcaBfelewortaawrirlenvrcaiverbyLender,BOmo'�1+A+'8�ii�lsp«y.al.�:.�"' __
<br /> - ��� =�- =-�'�- onthedaym�nthlyinstallmer�teo3princlpalendfntera�teropsyebleundavtheNot�.untiltheNotelaqsldintull,asuMlhsr�in ��M
<br /> . � �' s �•- "Funds")equnl to one•t�elfth of tho yearly iaxea and eea�samenRm whtch�ay etteln pr1arlry ovN thl�Daed Gt Trutt�end `J y l.
<br />-�.�"':��;,�,�', � �rqundre�ntaanthePreperry,ilany,p:uaone•tweftchatyeerlyp:em►umi�atellman3atar?sezardinauranca,plueone�twrlfthol ��� _
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<br />-�' >%•- ----� yearly premlum Instellmev�ta tor martgege Ineu�ance,ft any.ell���enanably aatfmated lnitlelly end f�om time ro Ume bY -
<br /> '''�'''tl� � l.ender on the basia at eaaeasmants and b(Ilo snd roaeortable e9timates thareoL
<br />�" ;;�';'�� � rheFundaenallbbh0ldlnaninetituttonthedepasitaoreccountsolwhicheroinaurodorquarentc�d,byeFederalcraute �'��+.�;;°
<br /> - � agancy(lnciuding�cndar 11 Lender Is siach an InstituUon).lender ehell�pply tha�l�d th�������n�y�,n��as�6ou t �:;�
<br /> - �� ineurancepremlumannd8roundranis.Londermaynotcharpeforsoholdl�gendeppy 7 p _
<br /> ' " ` ' . �prrmits�l endartomakesuchacharge eorrowerendlendarma e�reelnw 1Ungattlietlmao exeecutionof I�hls RQeedafFTrus ___:_
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<br />�- • thet interb��i mn 4ia�ender ehell not b�repu red to pay Boraower any In e eae t or�arnin�s on tho Fundsb�ls�der ahall give t ry�°�
<br /> mterc�sttodo pa g g p �.;h.:__
<br /> ' whtcheachdebftta4heFundqwasmndo 7heFundsarepedgedasanddtionals,�e�cuatyfor4hesum��ecuroddSythisQeedol ��
<br /> _f,,,T . . Tr If th f eexet�nassessments hnsubence p emium�a d ghound�n�M,m h�!l�exceecl ho�amount�i�ut�recl to PaYrse�d�Q3 _�
<br />�� dateso � y -�—
<br /> asse��ments.Insurence premiums and gro�nd rents as they fAll dw.�.sur.h oxcess shall be,t�t 8ortower's op4ian,el���a�
<br /> - promptly rep�id to Borrower or cr�i%cx1 t gsB�or�rmee�in urenaepremfumsandgf oundronths�ag�oy►faldue�orro wehafl �
<br />' � Lunrlcr�hallnottsssuitictenttop�y
<br /> pay to Lend�r eny amo�nt necessnry to muke up the dehctoncy�vif7�in 30 day�from ths dete notice la malisd by Lendo�to �f�:
<br /> . " ,. Borrower requesting payment thereof. --
<br /> Upon payment Infull of all ownasecured by this Deed of TruuL Lendershall prompUy refund to Borrower eny fund�held by
<br /> l �� Londer.Bunderparagraphl8heraofthePropertvlssoldortheProperhrisotharwisescquiredbyLvndor,lendershallappf�. �,�:
<br />- no latsr then fmmediately priorto the sele ot tho property or Its acy�`ui3tLOn by Lend9r,end Funds held by I.enderatthe time o1 �*��+:
<br />- applicatton ds e credit against the eums secured by thts Deed of T
<br /> � 3.AppllCatSon at Paym�nts.Unless sppiicabie lew provides otherwise,atl payments roceived by Lenderr under tho Note �`:�
<br /> ,� .�� eareppa8ph2phereof thento fl�eiest�payebpe�ontheNotothe tn o�theprin palattheNoto andthentointo�eaia dp lTnclpai�on ��'��
<br /> p{{�F�durw Or1uAtlCBS. oo ��tnh_ --
<br /> ��r j 4.Cfi�r�M;dl�no•8orrowers ehall peYell�os�.�!TSS�mAnd I�s9ho d�n5rments�or ground rents,IIf any,in the man er —
<br /> , Property wh�cn may aiiain n piiv� a:o:;to� d..�! _-
<br />- , . provlded under paragreph 2 nereo�ar,if nu4�aid in such manner,by Borrowar maK�nB psymani,r*��o���ua, '' ;��-�'-"- �N
<br /> . ;`:: payee thereot.Borrower ehali promptly furms�,'o Lender all notices ot emounts due under thf�paragreph,and in lhE►e+rent
<br /> ; , ;�..�,,� „ B o r r o w s t s h all make pa yment cairactly, Borrov�or shail promptiy furnish Qo L�nder recelpts evidencing such Da�menb. �:°
<br /> Borrower shell prompt ly disc harga any I l e n w h l c h h a s p n o r i t�o v e r t h i s D e e d u i T r u s�ptovided,that Borrovear shal no!be �
<br /> � � '•'� requlred to dlschargeany such lien so loreg�s 8orrower shntl ac�roo in w�iting to the paymanrof the o b l iga t ton s e cu r e d b y s�c h
<br /> f procee�dings whlch ope r eta to prevent�ttTie en`tor�ement of tAe Ilen or fo Ieitu eyof tho Property or eny p a A t i►e e o fn in,io�al ���:=
<br /> ' S. N�irard Inaurance.Borrower shall keep tt��improvemen4s now existing or heroafter e►ected on tha T'roparty insured
<br /> ��.�
<br /> � against loss by fire,haaards included within the term"extended Covecage",end such other hazerds es 4mnder may rBquire ��.� -.
<br /> '' end In auch amounts and for such portods es Lender mey require:provided,tfiat Lender shali not r �gL thatthe amount of
<br /> ' such coverage excoed.that amount of covorage requfred to pay the sums sscured by this Qeed of�
<br />+ This inaurance carnor providing the in9urance shall be chosen b Borrower sub�ect to a prov�l b Ler.dRr,provided,thaf
<br />� � such approval shall not�e unreasonatrly withheld.All premfums on�nsurence poliment wh°n due d ri ectly ta the insv ene
<br /> s�;' urtder paragraph 2 hereof or,if not paid in such mannor,by Borrower making pay
<br /> + .�� , carder.
<br /> All Insurance policies and renewels theroof shall be in form ecceptable to Lender and shall include a stendard moA9a9e •
<br /> . •-', clause in favor of end in form accopteble to Lender.Lender;shall have the rightto hold the policles end renewals thoreof and
<br /> •:•�;;r . Bortowershallpromptiyfurnishtol.endera11�enewalnoticesendallrecefptsafpaidprem�ums.Intheeventolloss.Borrower
<br />- shaunlessLenderan'dBorrowerotheniviseag eeinwnt�grinsuranceepyoceedss�al�be p�lied Oa@StArfltiOnObOPait07the '
<br /> ^ Property damagod,provided such re�toretlo�or repair is economically feastblo and the security of this Deed of Trust is not
<br /> Y `merabed.the insuran e proco�eds shell be appqed to the sumsCS'ecu ed byI this Deed of Trus�with t�e e cess,it any,psid to °
<br /> 4 Borrower.li the Propo r ry Is a b a n d o n e d by B o r r o v�e r,o r i t B o r r o w er f ails to res pond to Lerder wdthin 30 days from the date
<br /> � � nollce Is mailed by Lendor to 8orroaror t'r iat the insurance carrier ofters to settle e claim for fnsuren c e b e n e t�t s,L�n d e r i s
<br />' �� authorizod to collect and apply tho insuranco proceeds et Lende�'s option etther to rostoration or rspair of the Propor�,l vr tu
<br />� the sums securpd by this Doed ot Trust
<br />;� Unless Lendor�nd 8orrowerotherwise agree in v�riting,any such application of proc�eAsto principal shall notextend or
<br /> postpone the due date of the monthly installments reterred to in paragrpphs 1 and 2 hereof or chenge the amount of suCh
<br /> � instnllments.If under paregraph 1 B hereof the Property is acquired by Loncler,all rI ht,title and Interest ot Barrowur in flnd to
<br />'� � shall�pasa to Lender to the exianitol t e sumsesecueed bythistDeed of Trust immed dPo1���,prrorpo such sele n r cquisition�
<br /> " '�'''. 6. PresarvationandMelntenanceolProperty:leaseha7¢:�;Gondominlu►ns;PlanneQ�7nft�evelop�nfntf.Borroworshell
<br /> keep the Pro erty►n good repa�r and shall not commit wASra or permit impairenent of deterioratfon of 4he Proporly and shetl
<br />_., co BP��nned unit d velopment Borrov+eri a al�i dperfarm all af Boriower1s obllga ons ui,der tha declare!on or covonants
<br /> „ o Pg g
<br /> cplenned unit de olopmertt,and onstituent documonts tlfa ondom nlum�o�plenned unit9developrtz9nt tido is excuted by
<br /> Borrower and recorded togothor with thls D�ed of Trust,tt�o covonants and ac�reements of such nder shall b�incorporete�
<br /> into and shall emend and supptement the covenants end agreements ot this Oeed of Trust es H the rider were e p�rt her8ot.
<br /> 7. ProtectlCa�01 Lender's Sscurity.H Borrower fafls to peAorm the covenents and agrQements cont�ined in lhfs Deed of
<br /> Trus�or it eny action or proceedfng is commenced with meterlally eftects tendera interest tn the Property.InCludlnp but not
<br /> limitad to.em�nent domam,insolvency,code entoroamont,or arrangomentso�procc�dings involving a ba�kruptor decedon�
<br /> ctionasisnecossarytopp tectLonderatinteroBt ncludingmbu notemltedto dlsbu semo tofre sonabloa o ney'sf8esand
<br /> __� en tr�►upon�h,e Poo P��wa ashalel nav the premiums requrired to9ma ntain uchg ns•u r c;ncenn eHect until such time�t he
<br /> -- ::sc��_ _- ...:_..__.'- .
<br /> __��•e....:an,.n..rmman!or cicDIiG81be 18W. I_
<br /> ' requirementforsuchlnsurancetermi�atesmecca�aancew�ii�ex,��uwrn��a��:...��,�-•-•°� ��-•--- -
<br /> � �� Borrower shall pay the amount of all mortgage insuranco pem►iums in the manner provided under paragreph 2 herCOt.
<br /> . Any amounts disbursed tty LendQr pursuant to this paragraph 7, w�th interest thereon, shall become additional
<br /> � , indobtednossafBorroworsecuredbythisDeedolTrust.UnlessBorrowerendL�nderayreatoothertermsofpayment,such
<br /> amounts she�ll bo payable upon notica Irom Lender to Horrowrer requesting payment hereot,end shall bear mtorest trom the I
<br /> at such �aberwould bo contrary to eppl cablertlaw,in wh Chuevtont�suohr mount nsha Ihbea�t ntervst at the highe t rate
<br /> pgrritissibl8undereppliCablelaw.Nothmgcontamedinthisparagreph7shall reqwreLendertoinCUrac�yexpenseortakeony �
<br /> � acUOn hareunder. I
<br /> ' • 8. InspeeUon.Lender may make or cause to be made reasonable entr�es upon and mspections of the Praperty,provided
<br /> � that Londer shall give Borrower natice pnor 10 any such inspection spec�Symg reasonable cause theretore related to Lendnr's
<br /> , interost in the Property �
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