|
- �j'. ..r�:.,.� .. :� . . � ���.��---,�..,`--``- y"�''� .. i""- :,S' . f, . --
<br /> -� � G.�..s��L+��. . � � _ ' ' _ � r..—t`t:c._ ���t _y- I� .
<br /> _ . . . v -�—'•c :_��' . .— ' _ �_ . , . . ,� _-st.1_-e-<, _;Y �., r' ' _ ' .
<br /> .. 2" ' . ' � G : '.
<br /> �4 ,.� � \e d•AO•`t"? �. �.�. , ` 4` . N` �` V< �� �. �' ,.4
<br /> __,� �y. t -L ,` ,4: �Q F �. f�;� .
<br /> � ' - ' � ,-:� .t—+D`-:c,t . . ,..... - , -
<br /> — �;r�, `.�� - �.t .-. , � , � . �5;���F�b1 q O ` , :<' _ .
<br /> " �� ,� `'"�� If.�n�wer pays Ft�rtds to GeaBer.the Fune�s aha11 t+e 4�e[d ta an iastituttoa 4he depmslts or accounts of�srhich cue� - , • .
<br /> �; ';,:• `r. t � �. : , . insul+e@�vrgutieante�by a Fcdetat ot sLuie a�qenc�r liaciuding Lzader�if t+ender is s�cH aa instttution).Leatder�taalt apply
<br /> gu e
<br /> '<$ • '' ; � - ttta Fauds to p3y s,sii!teaes.essessments.ia'sucatic�2 p�+emiums and ground�eats.i�ender may aot.cher�far so&oidtng
<br />--- ��`:;�_'' ,:'':° aad.apF}yfin�the Funds.aatsiytiag saf�aswunt or verifyiag�d campiling ss@d ussessu�eat�aad 61it�,unle�Leader ':�s�F.
<br /> -r,. .�� - '. � �ays�o�ee�wea iatere.at on the Funds uud�appticabie taw peimits Lendet tQ tnake s�acf�a ch�rge.Baaower amd Lett�er
<br /> ``s.. ^:
<br /> ,... .. • anu,y�in arltiag at the time of execution of this�o�.Te�t thaf latezest on she Fuads slar]!be pald to Barcowet, :<<.4..
<br /> '�� ... <. ,,. � and unIess sucb ageeemeat�s made or appl�ble law rrqui�+es snch iateiest w bx•paM.tren8er shrill not 6e r�quire0 . .
<br /> - ;:� .��: ,� :'4.� . to pay Sa�ee�2r any.interest ot e�Ings on the 6uads. Leader shcil)gtvx to Borra��r.�rithout chaige.aa ennauil ,
<br /> .�.�.:._:—.:�_ ... _
<br /> - - accouuting of trte Fua6s sha�ing ccedits and debits to the Funds and the purpose for clhicb esch debit tuthe Fuuds was :
<br /> _� ° `_-�'�! . a�ade.'If►e Fundsare pledged us additional securitq for the sums seeiued by this Qeed nf Trust, i
<br /> ` _ If the amount of ths Fuads held 6y�.euder.togetf�t c+ith the fnture m�athty i�eulls►�nts��un9s payable gri�tQ ,
<br /> ` ��'��= the 8ue dates of taaes.assess�aeats.insurance prerat�s ettd 8t'ouad rents.sh�li exceed the amount reQuir�d W pay satd ��
<br /> .-- �`_ � --.._--- -�—`=- - ---- - � .�uad°r•.ai:�tl�+;€a�t dse,such exsess shafl_be.at Ra�w�es:s�n�. �
<br /> � • taxes.assess:nenfs.i-nsaraac+�premiutri�art�i�"' _
<br /> s
<br /> �� � t '� either promptIy sepaid ta Basrawer or ece�lited to Barcuwet on moatQty iastaIIments of Fnrcds.If the amount a'�tiie � -
<br /> � . �;�, 1.M1• c��
<br /> • Funds hetd 6y 4ender shall not be sv�ffcclent to�ay taxes.assessments.iasuraace premi�rns ead gcouad rents as they fall �
<br /> - dae.$�3rower sha11 pay to lxnder auy amount necessary ta make ap the 8efisiensy in oae os moie payaienss as i�eadet �` .
<br /> • ' " -- tltAjt�CQlljt+E', . . . , . . , . ,
<br /> ` ' . ±. °•k . Ugon p3ymeat in full of a]!s�sms sscurea bg t�-Deed of Trust:Lertdet shall pm�p4ly refund to$arrax�s any •, ' °,'
<br />_ • • Euads h�ld bp Leader.Ef ander.paragraph l�hereof the Pcoperty is s�td or the Propertq is o4herwise ecquir�d by , : .;•`
<br /> ` .���� � . IRnder.Lender shaU appiy.ao later thaa i�mediately prior to t t i e s a ie a f t l te F r o p e r t y or i t s acq u i s i t i b n b y L e a d e r.e a q ,.
<br /> Funds h�1��s9 LQader at the time of application as a cr�it agaimt tiiesams secuied by th'ts Daed of Trrust. `
<br /> � �(,�... ,.,.; 3. App]kaYton of�ts.Ualess applicable taw pmvides atherwise,oll payatents receiqed 6y Leuder under �',�� `.
<br /> ` �'' - • the�Iate and paragraglis 1 and 2 kereof sHall be ap3slied bp lender first in payment af amounts payabie to Leuder by < <
<br />_ ' , .� � Bon+acver tmder parag�aph.2 hereof.then to intec�t papable on the Nate,aud then to the principal oft4�.e NQte. •
<br /> =� �, ' '`�`<�--:_.;:--�- . . , ..
<br /> .. ; ... . '. .'.: _ 4. H�ebr AS�ty�es�ad Uea�of Te�ti�S�i 3d� Boira�er sigall ge�farra alI of Eo:rowPe's obl[gattoas ;..;.
<br /> -- .._ .._ ... .-----..�. ..--------�-- --�-- -- �-- ----- - - • ' �
<br /> .. . - - -��- . ,
<br /> . :. ,"� under aa�y morigage.do�d�af fivst or atlier seciinty ag�nl�tiYantt�a-lien�which-ha9 FnorltY over this Ueed o€T�ast.--�- - -�- ---. ,_n,..
<br /> - --.:..f--�--•,..� o d
<br /> � � '' �nc i�t d i ng Bosower's v¢�enan t s to r n a g e p a y r R e a t s w h e A d n e. B c n Y O V r e r s S t a{g p a y a r c a g s e t a E.°p a i d��11-t e a e s. ;:
<br /> ' „, �r , , �:;�,E�� assessments aad othes cl�atges.fiues aad Imposit�ans attri6ntabl�to the�capeety whic6 may attain a priority avu this �'_
<br />_..': _ � _ ,Deed of Tru§tt aad teasehotd paymeats or.gro�d reats.if aay. ;_
<br /> �.: � . .. �_: �.S. Bazard IDSUraace.Bormwer s�al� keep the improvements aow.eaistiag or.he�aRer eeectefl on the ,�
<br /> � �� � , w ' eqsured agaiast toss hy�se,hazards included wtWia the term"eateadeA caverage".aad such other hazasds as Leader �ys�_
<br /> `�Y n . maY�9utre aud la suc��aounts andfor s�u1►PerIQds es I�der may require. ' , ,
<br />- E�`J�¢N' . 'Phe insnraace�pravidin�the insurance sUall be ctcosQn by Bonvwer sQ'bject to approval by L,euder:Provlded, ��_:�
<br /> .,:�:�,. .. : • _--
<br /> _ ��•,��°' that sach a�p�avi�!sha�aot be a�cce�onably arithheld.A11 insuraace policies au�renewats thereof shali be�ia.a faim , �_�
<br /> '' 1j. � - acceptahle�Gender and shall inctude a standard mortgage cP.�use in favoz of and In a form acceptable to Lender. � , �.�i'
<br />_ ,�.;;;.,� �' ��` .Lender shai3 hsve the rcr�t td hold the policies and renewals theteof,sab1ect to the tecros of aay martgage.deed of ttast �_=
<br />- � -•�"° ' or otfter security agi+eec�et`with a liea which has prlority aver this Dx�d of Tr�2. �
<br /> •,..,•fi�i�::,��..;: ';.;' .i�.:..
<br />_' � ` `. � � �` °" Ia the event o�ta�:L�rrower shall give pmmpt nottce to the insurance ca�mi�t and Lender.Y,ender ntay nnake pr0of ____
<br /> = �. . ,..,.:,..a•. ' ., '
<br /> -: �,,��.f.: °:�:,' =i r of lass if c�r:sade promptJ9 t►Y Borrower. � , . •,-_�-
<br /> `` r � � ' If thz�3+operty is abandoned by Borrawer.or if Boaower fa�:s to respond to Len der w i t h i n 3 0 d aqs f r a m t he d a t e , '
<br />_ d,..�.,;.��.; '. .T .
<br /> - ,r•�•. +>.�'•� notice is�,7$d by I.en�et to Borrawer that tfle insuraacecarrler oi�is to settle a claim for iasuraace 6eaeflts.�nder is __
<br /> ..u";�.;:+ . _ ,..��.�'-�
<br /> w
<br /> - �r,�rr,. ;:..� :. •. . _• a u t h o r t z e d t o c o l l e c 4� a p p l y t h e i a s�r a n c e p r a c e e d s a t L e n d e r's a p ti a a e i t h e r t o r e s t o r a t F o n or i e pair of the �__-
<br /> `�"` � Property or tol�te su?�.s�ured by this Deed of Trc�' -
<br /> ..�`�: : ;_..'.;� .
<br /> �t�.:_.:.�_���.
<br /> . .•.��: .,,, .�, .:.�.• • . •
<br /> f:,,.. , 6. Pe�ecvatlon�sl M�tatmmoe of PiaPt�Ji �,eas�hol�3���=�: �t�nnai'Unit Devda�nea� Bor- �, --
<br /> ��.•.
<br /> fi,.;��`� .,.s � rower shafl��Eep the Property�f��pair aad shatl mot co�waste os permlt imp�.rnt or Qeter€oratioa of t� _
<br /> __-_._���_ � Property aird shall¢as2�ly.arith the prosnsions of any lease if thia�eea oF Trast is oia a lea�sel�'otd.If this Deed o€'Ftast�S . .
<br /> -- ��.-r-- oa a unit in a wndoiae�:�i or$planned unit development.Baaawer shalt g�Earm all of Bo:mwer's obligat�ons uader
<br />- ��°���`i•;�, tfie decTaratian or�ts ctpating or goveraing the wndominium or pb�iz�ed unit devtDoptaent,the bytaws and � -
<br /> _ .4,.�.�..;�.�..�}r-,. .
<br /> - ��:�r,�,„ ,: „ � � reguTatio��f the coada:r�inium or Qlanned uait development.aad aonstitut�t'r�Tocumeats. � _
<br /> ----'�-`r;..�°'4���; � �: , 7. �ctlon ot leader'�Secarlty.If Borrower fails to perform the cavenants aad a�ents cantaia�in ih�� —
<br /> '` `-'�s Deed of Trust.oi if an �actioA or raceedin is commenced,wt�ich m8teriall affects Leader's intereat in the Propeeiyr: . _._.
<br /> — -`: ;:.•� :r,.�.. :1 � Y P � y . -
<br /> ". � �� '- ' then Leader.at Lender s.aption.�gaa notice 40�rawer.may make sacli og�aearanees.disbutse such sums.iQClnding �-
<br />_ ' � }y�i; V{• . -__
<br />__ ,� .�,�..�..,�. ;„ reasona6le attarney's'f�r aad take s�rh act�oa�,s�s necessary to pmtect Le�:�interest.If Lettder requfq�ed mottgage ___
<br /> -�: �.��;� .:.:.:�: ��..� insurance as a canditIon of makia�cL�r_loaa secured by this Deed of Trust.Borto�er sha11 pay the premiu��required to —_
<br /> :�"`�r��`.. --' ` . � mai�tc3in s�ch iasuranoe in effect�rat�L s�ch Hrne as the reqairement for sucB insuranse tv�rnainates ir��ecordance witb =--
<br />' ���..a_:::�• . : ,_ : t n � , «a:,--
<br />-._��,3;;y;,�.�� ,. ' � . Borrower's aaA Lendet's written agte�ment or applicable law. � � �� . �.,_�-
<br /> =��'i�:""��.;.`:� +:. � . ' Any amouats dlsbu�sed by I.ender pursuant fo this pazagraph 7.with�tcrest thtteon.at the Note rate.sh8f;t , __
<br />-.. ���� �••�. :�..�. ' , __
<br /> �,;,.,� : ;: become eddittonal iadebtedaess of Bomower secured by this Deed of Tra�tr.Unleu �ifltrower attd Lender agcee to __
<br /> � �__....+.-_.. �;�.� , other tertns of paga�ent.such a�rtounts sha11 be payable upon nottce fram C�der to �orrower r8quesHng payatent _._
<br /> -'' 4�s` ' ;• •- ,„;�`,� • thereof.�iaibing containaf 1n this paragrapA 7 shall require Lendet to incur any eapense or tate any actioa�$reuader.�. =�:=
<br /> - ',,.�. �� ; ��:.;;:'�.. , 8. I�etloa.Lender may make nr cause to be made reasonable ec�ts�upon and iaspections of the Proper►q, � �_�,r
<br /> �- . . � provtd�•Q:�at i,ender shall give Burcower notice prlor to aay sach inspectiun specifying seasonabte cause therefaz �a=.:
<br /> ' � rel�ted to Leq¢er's ia.te�t in the Propsrty. � �`:t'�
<br />- . - ,•��a� � 9. Condemn�tf�.'�e proceeds of any aa�arA or claim for dsunages.direct or consequenttal.in c�.nneetioa wtth ,°,r.-
<br />�'-. ��.. �. - anq conde�aatipn os ottier falc�n�c�i the Pruperty.or part thereof.as for comeyance is�lieu of wndemnation. are
<br />}� '-'��''' ' � hereby a'�.�ed apd shall be pai8 t�Gender.subject to the terrns of any mortguge.deed a�arust or other secudty agree-
<br /> _ :-,-- � �., .
<br /> ' � � ` � ment wiW o Ilen ah3cb.has pr�ority oves this Qe�d of Trust. . '
<br /> T������' `� ' ''�� 10. Ba�ro�rer K� Re�ested; F�bcuimee By I�ndcr Not s Wahv. F.stension of the time for payanent ar �'r.
<br /> �.� �� � . m�iReation qf amortf�a4ion of the snms secured by tAis De�d of?rust gronteA by Lender to any successor in interest of :
<br /> - ... .� � Barcower shalt not operate to release.in any manner.the llabitity of the ariginai Borrower aad Boaower's saceessQrs in � , .
<br /> � interest.lxnder shaU not be requ�to commenoe proceedings agalnst such su�essoi or refuse to eatend ti4ne faz pay- '�
<br /> ' eaent ar othe�rise iaodifq amortizat�on of tAe sums secured by this Dee�l of Yrust 6y reason of ac�y demand made by t6e • ,
<br /> ° �� ' : origiaal Borrawer aad Boreawer's successfl�s in interesG Aay fo:bearanse by Lendei in exercisiag any r�gtjt or remedy. . '
<br /> ,, • heteunder,or othea�vise afforded.by applirable law.shall IIot be a w�ver of or prerlude the esercise df aay such•right or •.
<br /> . � ratuedy. • �
<br /> .. 11.�uscessais aa� Asslg� Bamm�; J�frnt pad.S$Yera! Idablltty; Casfga�s. 'I'he.cavenants and agceements '
<br />-:--.� `_=-•-._- �-=---- ---
<br /> � , '� heeeia contaia�d sfitill biad.and the rights hereuader sha�i inure fp,tfie re'sgective successors Baa asst�as af�nder an� . �
<br /> � Bosmg-er.subj;eci 4o the provisians of pazagr�ph 16 hereof.�il covenazsts aad agreemeats oF Borcower shall 6e joint and
<br /> • ' ' � . � several.Any Bonowee s�ho co�sigus this Qeed.of Trus't.but does not eaecute the[�ote.(a)is cu-signiag t�jia t�erl.c�4'i'rust ����
<br /> ' • . ` 9Ny to grant ttad cm�vey that Borrovrer's tnterest ln the Property to Trus4ee under the terms of this Oeed of Trust.(b)is ��ZV'�.: ._
<br /> r ' . ' �j�y,.�
<br /> . .: , %`°'
<br /> .�, " , - -- - ._._
<br />
|