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<br />_- �• U]��}�}f ll�l�(�(,�VE�ANYu.aflffaL40f Uryd LC71dOf 60Vt7f1qf110f1d(1(�tC�tl'3�OIIOtJJ:
<br /> �, �,. ; _ � 9. f�a��rm�nt of Peintlpal ecid Inter��l, Flo�ro��ror ahAll prarnptly pr,y vihcm duo tho prinelRal of ond Infsrosl on tho
<br />� Inclehtztlno�aavlcienC�dbytheNote.qre�aYmantnndlatecherp�s[�sprovfdodlnthoNcts.andtheprmctp�lotandlntereston � ,_,�_,
<br />= nny Futur��ttvancca�•ccurad by thc+Oee;d ot Truc2. ..
<br /> - �. Fu�ariw�lEbftiiAiK+atl�ibiwii:li?.Gu�f;.,.ttocp�llczbi�lar�ortan�lr�lt�n�l^fvqri�yl.ender.C�P�/401H�►f3itF111aQyQOl.CiildF,t
<br /> � � onthedaymw�iiilylrafall��►�,�iaoi prinr.Ip�l6nd���tC:c�tar�pcyMbtoundcrth�f�ot;l.unpllhoN!atelep�idU6dl,e�es��st(ileroln
<br /> � "Funda")oqual to one-trreltlh of 0io yenrdy texe�end nesa��menta whtch msy�ttein prlarlry over Ihl��d of Trurt,�nd ���=�
<br /> � .it n.n
<br />- Qrou�drenteontheProperty,lfnny,plueono-twelftholVaarlypremfuminetellmeMetorhezerdineurnnce,ql�eaona•tweltMot
<br /> ,�=-� yearly pr�emlum in�tdllmente for mortgaQo In9uronae,If any,sll ea rAaeonebty eetlmatod INtIn1Iy nnd lrom 4lme to Nme k�y
<br /> ^' `-"-� Landsronthc�baeiaafaeaeesmencsnndbflloand�eaeonnbleeaUmetaathsroot. .
<br /> � TheFund�ehaNbuheldln�nfnstitutlorothadoposlteoraccountsofwhicharaln�uredorpuarenteatl,byeFadoraloraiato
<br /> agoncy(Inclu�ing Lon�der 11 Landev i�euch an instltutfOn).Londer sheU Appty thp funda to pey eettf taxe9,n�seaomant�, .
<br />- Insurance promtums andflround rent�.Lendor n�ny notchnrqofor eo holding and nprlping the Funde,enelyzing eefdeccount •
<br /> __ ,� �� , � , orverityingandcompi�lnfle�eldaesossmontsandbflls,unlPSSLenderpsyet3orrowerintereaton4leFundaendepplicabtalau •
<br /> _ �, ., pBrmiWLandertomakeeuchecharge.Borroworendlsndermaya�reelnwrltingatthetlmeolexecutlon�lthieDeedof7rust
<br /> . ;, that Interest on ths Fuc�ds�hall be pafd tu Borrower,ond unless such agreemen4 Is made or appltcalb0 Iavy�equfree euch
<br />_ ...•�, . Intorctstto ba pald,Le�der shatl not bfl requlrod to Aay Qo►rowor eny intarest ar earnings on the Fund9.Lcsnder dhell plve to
<br /> Q o r r o w o r,w l t h o u 4 c�►a rg A,an annual accountin g of tho Funds show�ng credita end debits to the Funde end tlte purpose tar
<br />_ ; . whlcheachdeblttolheFundswasmade.TheFundsereptedgadasuddltionalsaourltytorthesurnsc9curedbythlsOeed�f _
<br /> - .., �• Trusk
<br />— If thA emount of the Nnds held by Lender,toAether wilh tho future monthty fnstellments ot Funds pbyable prio�to 4ha due _
<br /> �:� „ � dntes ot t8xe5,asse��me�t8,insuranae premiums 8nd�round�ent8,ehr�il exceed tho emount required to,pey 861d taxes, .
<br /> -=+� assos�ments,insurance promiums end ground rents as i7ey tall dua,such oxc���?�e�l bs.et eorrowr��s optbn,elther
<br /> =�"�f � ` ror�ptly roI�td to Borrower or creditad to Borrower vn monthty instellments of Funds.B lha amount qf the Funds hel6 by �
<br /> �"'�` LenderehAlli,.,tbesufHclenttopaytexe9.assossmonte,lnsurancopremlumeand gr�undrents��theytallduo.Borrpwerehell
<br /> �. pay to Londei any nmount necessary to make up the defictency withtn 30 days irom the date rtotice is mait�d by l.endeT to
<br /> " • Bonowar requesting payrroent thereof.
<br /> " Upon payment In fullof all suna secured by thfa Deed of Trust,Lendershe0 promptly refund to Borrower any Funds hotd by ,
<br /> - • L�rtd�f.1}tSR�ar psro$re�h tA hereoi the Pronerri Is sold or tho ProperSy i�othennise acquired t�y Lender,Lender shall epptyy
<br />-- . f101Ht9(th3f111Y1tTiBd18L61y(3fI0�t01h9 9818 011h0 f ft?pBRjf 0►1198C Ut81t10T1 by L@TIQ@f,en0 hUtlua uc1�0 Uy i.oi�u'vi ai ii io u�.w v� ��
<br /> appltceUon as a credit againat the sums secured by li��s Deed ol�rost
<br />- ,- 3. A�tpllcallon o1��1�mm4s.Unless appUcable lew provides otherwise,all payments received by Lendar under tha Note
<br /> and pAragreph�1 anc�2 hereof shall ba applied by Lender firet in payment ot amounts paya6te to Lender Gy Botrower under
<br /> -� � , ,�, Peragreph 2 hereaf,then to Interest payabie on the Note,then to the principal 01 the Note,and then to lntoro3t and principal on
<br /> _. , any Future Adv�rtces.
<br />-;: ' .. 4. Chorp�r,U�no.Bor�owerssheilpay alltaxes,essessmentsandothorchargas,finosandimpositionsattr3butabletothe
<br /> j �_ ._ Prope�4y which may atteln a�rlority ovo�this daed of Trust a^d lea�$spofd•paymeMS or 9Qom�anie�nuthan due:dlrectlrl to t e � '
<br /> �,. ^ ,-- p1YViY0a Unurn pa�uy�cy`..i..v�w . �� . ...:� ....,�_...-�•-. -- "" -
<br /> payoe thereof.Eorrowor shall promQtly turm�;.�o Lendor all notices o!amounts duo under thls paragraph,9nd in the evem
<br />- �� 8orrawer shall maka peyman9 Qfrectly, BorrorJOr shall promptly furnlsh to lendar ieceipts evidencing such payments.
<br />° � . Borro�var shall prompUy dlacharge any lien whlclY has pnoriry ovor thla Deed of Trus�provlded,thet k3orrower shall not be � .r
<br />_, requiredtodischargesny suchllensolongasBorrowershallagreeinwritingtothepaymentoftheobligationsecuredbysuch
<br /> I len i�e manner acceptable to Lender,or shall in good faith contast such iien by,or defend enforcement of auch Ifen in,logal
<br />;�r proceeding�which operate to prevent the entorcement of the Ilen or tortefture ot tha Property o�eny pan thereof. �
<br />,� ' S. Hazsrd Insyr+�nct.Borsower 3hall keoA the improvements now exis9ing or hereafter erec28d on the Properry insured
<br /> against loss by 4ire,hazerds included wlthln the te►m"extended coverage".and such other hazerds as Lender may require
<br />= � and in such e.mounts and tar such Reriads as Lend�rmey require:provided,that Lender shall not require that the amount o1
<br />° � sucit coverage oxcaed that amount of coverage re�c�ulred to pay the sums se�ured by thls Deed of Trust
<br /> _ � Thls Insucance carrior providln�7 the i�surance shntl be chosen by Borrower subjectto approval by Lender,provtded,that
<br />� such epproval uhall not be unreasonably withheld.All pramiums on fnsurance policies st�alt 6e paid in the manner provldod •
<br /> t�' .. ': under paragraph 2 hereof or,if not paid in such manner,by Borrower making peyment,when due,directly to the insurence
<br /> * canier. •
<br />� . All Insurance policles and renewels thereof shall be fn form ecceptabla to Lender end shall Include a standnrd mortguge
<br /> �� Clause in favor of And fnto�m acceptable to Lende�.Lendor shall have the rightto hold the policlea and renewala thereo},and '�'•s
<br /> � •- Borrowdr8hall pr�mp Uy fumish to Lender all renewal notices and all raceipts of pafd premiums.ln the event of loss.E3orrower �t.:
<br /> - • shullgivepromptnotic8totheinsurancecerriernndLender.l-endermeymakeproofollossitnotmadeprompttybym9rrower. ,
<br /> °" � UnlessLonde�endBorrowerothenviseagreeinwritfng,insurance procoedssheUbepppliedtoro:�toratlonorrepalrofthe
<br />-'.` � Property damaged,provided such�ASto�etion or repeir is economically teasible and tne socunty of 4his Deed of Tru�t is not �
<br /> == thereby impaired.It suCh restoratfon or repair is noteconomically feasiblo or if the security of Ehls deed o!Trust would be
<br /> �� impalred,the in3urance proceeds shell be epplied to the�ums secured by thls Oeed of Trust,with the excess,if eny,pa►d to •,
<br />_ � 8orrower.It the Prop erty is abandoned by Borrower,or it Borrowor fails to respond to Lerdor within 30 days from the date
<br /> J notlCe fs mafled by Lenderto Borrower thst the in�urance car��or offors b settle e Claim for insurenCe 6enef�ts.Lender fs L, "
<br />-= y authorized to Collect and apply tho insu�ance proeaeds at Landor's option either to restoration or repA�r ot the PropeRy or to
<br /> � ' the sums sscured by thls Oeed of Trust.
<br /> Unloss LendorandBo►rower ottherwiseagree in writing,any such application of proceeds to principal shall notextend or
<br /> - postpone the due date of the monthly instellments referred to in paragrapha 1�nd 2 hereof or change the smount ot such
<br /> �� �� " �nstallments.lf undo�paragraph 18 hereof tho P►oparry is acquired by Lender,ell right title nnd Interest of Borrower in and to
<br /> -'� any in5urence policfeaend IR and to the proceads ther�eol�esulting from damage to the Property p�iorto the sele or acquisition „
<br /> � ^ sha11 pass to Lender to the ozttent of the sums secured by this Deed o1 Trust immediately prior to suCh sale or acqwsiUOn. ,.;.
<br /> 6. Pro�mr•�9lor,a�id�`inle�t0�encoof P�opaAy:Leaseltolda;CondomtMurtsa;Planaed Unit Deveto¢mants.Borrowershall
<br /> ti� ° keep the Pro arty In good repair a:d shall not commit waste or permit imps�irment of deterfaratlon of the Property and shell
<br /> - • comply with t�e provislonsot any lease if this Deed olTrust Is on a lensehold.lt thfa Deed ot Trust is on a unit tn e condomfnium
<br /> � ^ or a planned unit dotolopmont,Borrower shall pedorm ell 04 Borrower's obllgatians under the declaration or covenants
<br /> �m creatinfl or governing lho condominium or plannod unft dovelopment.the by-lawa and regulations ot the condominium or
<br /> ;�" pIannB�i unit dovalopment,end constituant documonts.If e condominium br plannad unit dovoloprnent rider Is excuted by
<br /> 8orrowor arid recorded togother with this Draed of Trust,tho covenants and ac�roements of such rlder shall be irscorporatad f
<br /> ;�„ Into and shall amend end supplement tho coven�nts and agreements of thls Deed o1 Trust ns ff the rider v�ero a pan he►QOt. f
<br /> ~� ° 7. Pretactton of Lander's 3ecurlty.If Borrower taits to porform tho covonants and egroements contained in this Dee�of I
<br /> -� Trus1 or If ony acNon or procooding fs cammoncod w�th materfally aNetcts lender's interest In the Prop�rry,includlnp but not I
<br /> '� �' Ifmltadto.ernfnontdomoin,Insolvoncy.codeentorcoment.orarrr�ngementsu�proceedingsinvolvfngebankruptordecedent,
<br /> - lhee�Londoe at L.ondoro optton.upon nntice ta Borrower,mey muko such eppearances.disburso such sunns end take such I
<br /> =si , � uctionasis�ocussnrytoprotmctLondePsintorest,mcluding,butnotlimft�dto,disbursementofroasonAbloattornoy'ateosand
<br /> ontvy upon tho Proporlyto maka repaira.d lendor roquiredmortgago insurpncoas e conditian ot meM.ing the loan secured by �
<br /> ,,� tho Uccd of Tru�t Borro�var ohall pny tho promlums roquirad to mn�nta�n such insurence fn effoct until such limo as the �
<br /> - ---------� ___.., .....e....e.��e..,o.,�aro�minnma�nnccordanco�vithBotrawor'eandLender'swntton9groamantorappltcalbelaw. i.
<br /> ?� - - _- --- -= �Qy..�.o..�.......�_.....--•--•--•-
<br /> Banower shall pay th0[3mount ot all mortc�apo Insurnnco pormiums in tho manner provufca unaer paragrapn e nerw�. �
<br /> . t Any omaunis di;,bur;,cd bv Lc�ndor pursu�nl to this parayroph 7, vrith interest the�eon, shall bcc�mo additional �
<br /> Indnbtodnessot8orroworsacuredbythisDaodolTrus�Unles98orrowernndLenderngrt3efoothortc�nnsolpayment,such �
<br /> -• umount�uhall b�Fc+yablo upon notico Irorn Londor�n Borrower roquosting payment heroot,and ahall bonr interest from the
<br /> ' �_! � ' � dat�oftltsbursomeMettrioratopny�blolromhmatut�moonoutstandmg pnncipalundortheNotounlesspaymentofinteroat i
<br /> �, ' at;;uch rato t•rould bo cantrory to nppllcnble lo�v,m tivhich ovont such amounts shall bear mtorost nt tho hlghest rate �
<br /> permissfblo undornppltcablo law.Nblhinc�conta�nod fn thisparngrnph 7 shall reqwro Lenderto incur eny oxpenseor teke eny �
<br /> �I � nction horounslQr.
<br /> ' �' 8. lnepectlon.Londer m�y mako or cause to bo made reasonnblo entr�es upon ond inspecUons of tt►e Property,providad �
<br /> ' � � th�t Lendet shsll giv�8o�rower noUCe pnor to any such inspection specitying roasonable cause therefore ralatad to Lendor's
<br /> � , mterost in tho Properry- I
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