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<br /> �* � ��� UIUI�C�VBVANT5. 8arrower and Lender covenant and agree as tolfows: �,� ^ ,. o.-E .
<br /> r �e" whe�due the pancipai of and intetest on Me . . � w
<br /> � ` }• :°; 1. Payment of Prisi�at and t�ase3t. Borrower sdall promPtN��
<br /> 4 �: indehte�e�e��nced py t?�a Note.PfeP e�rn and tate charges as pro d2d'n thg Hote.and the prindpa1 oi and int8rest ,. �,:'+' c` L�* r,}
<br /> � v i aym E'� o` s �� -s
<br /> on arry Fubure Advances ses:ured by Me De80 ot Tntst. ;
<br /> c �� �` 2 ��T�����, Sur'ect w egpIscable Iaw or to a written waiver by Laader.Borcower shgli pay to e +.��{
<br /> :: a�:�;:�•..:•s-.:>s�= cpal and interesc ate Dayabte w�d@r the Noie,until Me Hiote is paid in full,a � � ,t
<br /> .�',-z ;t, Lender an the day mon�ty�nsteEtmeMS of p� ' y r
<br /> � . „ < yvnn p�erein•Funds9�ai to one-twelfthf e�e Yu�.s oR��twelftl�i of ye�ady epr�m m�nstaltments for tte�i.e d insurenGe.Plus � � ��-�r..
<br /> T n�t.�+d g ro u n d r e n i s o n t h e Prop e►ty,� fi l•P�
<br /> `�`� �`'��� remium mstalime,nts for morEgage insurance,i f at�y a f l as r e e s o n a 6 t y e s t i m a t e d i n i ti a i t y and irom time � _cF 4,��
<br /> < ane-tweifth uf Yea�hl P �tis and reasor�a�te�stimates thereof.
<br /> Y �~ .�4�_ to�ime by Le�nder on the basis of assessmer�ts and b' or a c c o u n t s M which are insured or guaranteed.bY Federal or state ` �� s :
<br /> rts
<br /> ,�r � The FunGS shalt be t�etd in 8n i�titution the d�its_ pay �-�, � -. �,'� -
<br /> �=t agency Gn c t u d ing L e n d e r i f L e n d e r i s s u c h e n i r�s t i t u u a n l. Lender shail aAP�Y�����f v n ds�,t a l y Z i n B E O a c c a� - ,
<br /> ' �-t w �` �`., insurance A�miums and 9round rerrts. Lender ma�►not charSe for so hoiding an d app h ri 9 � �
<br /> _ ,.`.� o r v�e ri f y i n g a n d c a r e i P�'i r►8 s a i d e�m e�s and bits,unless Eender Peys Borrower interest on the Wnds and a Aplicabte faw z
<br /> permits LenQer to mate such a charge. 8orrower a rt d L e n der may ag r e e i n w d t F n 9 a t t h e d m e o f e x e p i t i o n o f Mis Oe�d of `� ���
<br /> �` �, k.�: T n i s t t h a t i n t e�s t o n d�e F u n d s s h�U U b e p a i d to B orrawer,a n d u n i e s s s v d�e g�e e m e n i is made or a p p ri�bt�r s h a i l�g i v e w � ` ,
<br /> sv
<br /> �°: interest to 6e ' .Lender shall not be teQuired topeY Borrower a►�Y irterest.or eami ngs n n t h e F u n -x,'�` ' �
<br /> °��f c :�:� Borrower. u t d�args.a n a n a u a l a c c o u n t i ng o f t n e F u n d s s h a�v i n g c r e dits and tteaits to the Wnds anA the D�D.�tor _. ,• �e. �., `,
<br /> y ' p . S _b: '<: .
<br /> � - t - ����p���e Funds was made. The F unds are ptedged as add'iU'onal securiN
<br /> far t he sums s e c u r e d b Y t t n s C e e O h f 4*
<br /> � ����" of TN.n. 7 -
<br /> '��: if the am rn m t o f t h e funQs hetd i�y Lertder.together with tAe tuture mortthty i�slallmems of FunQs pal/abte prfor w the f.,, t f S '`t .:
<br /> � � �"�;,, insur�ce Oremiums�0 Srw�nd�nts,shatt exceed the ama u rt t*eqo i r e d to p a Y Sat�texes.
<br /> ,`- due dates ot taxes,a�erus.
<br /> , � � u+�`� assessmen ts,insr�r a n c e p r e m i u m s a n d Srau�d�er�s�s��Y faU due,such excess shall be,at Borrower's option,either � �, �t
<br /> �romptty�epai0 W Borrower or c�edited to Bortower on monthly insiaitments of Fun d s. t f t t►e am o u m o f t h e F u n d s h e l A b 5► F
<br /> E ,�--. r --J`L;�Y tender sh a 1 1 not Oe�cient to paY taxes,assessmerns,insurance premiums and ground rents as they fatt due,9ottuwer � `i ��':��� :
<br /> : n n ;���= sfiall pay to Lender ar►Y arnmmt n�FU1►to make up the defi�atencil wrthin 30 days irom the date natice�s ma�e�by Lender �,`-,�. ,
<br /> to 8orrower reQuest�n a mert thereot. ��`�K
<br /> 1,,,r ' p���o����s s�red�y tlns Deed of Tn�st,lende►shaU Pramp4ly refund to Borrower���t �r;
<br /> r `• ? �E�� ; uP�P� 18 hereaf the P�'opettY is sotd ar the PtopertY is othe�wise acquired by LeMet. � ` • �
<br /> ., ;�, : by Lendet. 1 unQer paragraph
<br /> ' �. �.�k< � BQpiy.rtu t�et than immediateiY prior to the sale of the PraAertY or its acquisition by LertQer.an0 Funds heid by Lsnder 82 Y��_.,.• �_� k
<br /> ' ?'r�,'`" _Y:� the time of app6catton as a credit iast the sums seaued by this Oeed of Tn�. _ .,
<br /> ���te Iaw provides athErwise,ati payments�eceived iry Lender�mdet the Note t . `� � `;�
<br /> 't i :, ..., •- - � �grj�a n d 2 he�e�ot sha0 be a p�ed by lender flrst in paymeM,af amounts Da1►ebte ta Lendet by Botrower unQet ; ` ,.� ,
<br /> � < p�g�ap(�2 hereaf,then to ir�st D�e�►the Hote►��t°t h e p ri n c�p a l o f t h e N o t e,a n d t h e n t o in terest and prinaDat r � �� J '
<br /> ` � ."`� on a�11 Fulure Advances. �• �� -
<br /> ' � :"� 4. q�sg,w:l�. Borrowers shall pey aU� assessments and other charges.flnes artd impositions amibutabte to °'. `,�°.
<br /> -� a h� .�� the Prot+enY whid�may attain a Orioritf►ove►this beed of Trust,and leas Ba���mak n9�9���re��f�en1/,i��� 4 �, �i".�r��f,
<br /> s f t ; m�u�e r prov�ded under 0�8�Ph 2 hereof or.if not psid in sucA manner.by
<br /> % : :.;�� i p t h e p g y e e t h e�e o f. B o rt o w e r s h a i i pr omp�ty t u m i s h to L e n der a t l n o t i c e s o f a m o u n t s Q u e u�t h i s D�9�D fi.�d�me �� ��``' °
<br /> d irect ty,Borrower shaU promp t l y f um i s h to L e n d e r�c e l D t s e v l d e n c i n g s u d�p a Y m�• ;: ; ��
<br /> s-, - .�. .-: .; event Bormwer shao make �, ° 5 r-�
<br /> .., ;, ., dis e srry Gen which has pr�arity a v e r t h i s D e e d o f 7 r u s�p r o v i Q t h 8 t BprtOWet S t 1 8 U�t be r r_ '� � �Y.��;
<br /> 8orrowei shatl promDUN e..� ,
<br /> 'a ' � •:''' requited to discharge enY such �en so long as Banow e t s h a l l a re e i o w ri t i n g t o t h e p a Y m e n t d i t h e o b t fi g a N orr s e a�b l►
<br /> �r=::#: �, ��. ;
<br /> ,. .;,..s y_-..- such lien in a manner acceptebte to O.,�der.a�shatl in good fa cocKest such lien by.or defend e�forcement of sud�li� � f ,� ��•�-
<br /> ,:;r� �,�egs1pro c e e�d ings w h i c h o p e r a t e t o D�v e n t t h e e M o r c e m e n t o f t h e l i e n or torteiture of tte PtopeRy or atry Part thereof• ., :
<br /> f•. � , 6. l f a�r A 6�c e. B o r ro w e r s h a 8 k e e p t h e i m p r o v e m e n t s now e�dstin g ot heteafter�cect e d o�t he P r ap e r N i n s u r e d ? }:' � ��`; �.� ^
<br /> t "�. �' agair�st toss bY��.��inciuded within the term'extenAed coverage'.and suct�other h a r s r d s as L e�d e i m a Y�� f. 4
<br /> •� " and in sud�amau�ts and tar such oe�tods as����y�Wi�'a�ovided,that Lender shall nat�re that the emo�mt ot n ; ����
<br /> � - - such eoverage exeeed that amaunt af coverage�ired to pay the sums seccned bY��d of"frust. � „_ �, _:
<br /> ,`t t�..'r, Thia ins�uar�e c�t�����9 the lnsurssce sf�a116e chosen by Bonower subtect to approvat bY t.ender,OraviQeO.tf�t ;
<br /> such a�+ovaJ shap not be unreasona6 withhet0. AO premiu�ns on tnsurance policies shail be paid in the msnner pmvtded � v
<br /> , �. �r��,=�� .
<br /> ` dinBCtIV LO d18 IttSUtenCe ;'!t`l�{i n �'
<br /> t u�►paregrayb 2 hereof or,if not Da1�in suC�marmei.bY Bo�rawer makin8 paVment.when due,
<br /> carrT � ��
<br /> f� �,` �' qn tns�uance D�cies and renewais the�eof stiali be in torm aecepta�te to Lender end shall inctude a standatd moRgaga ��.
<br /> �. ,'r"'° cfause tn tavor af and in fortn acce tebie w Lender. I.�det shail have the tfght to hof0 the poticies and renewels thereaf• , .: �=
<br /> r'$ f� ` ` � en0 eortower shail promptN tumis�i to Ler�de�afl renewal notices and all receipts of paid premiums. In the event af bss. -
<br /> `;� �:�:s1• Borrower shan 9ive OromAt notice to the insurence cer►ier and leader. Lender may make pcoot of toss if not maQe promptty '� : � ��;,r� y�
<br /> nn `
<br /> " � ¢3 - by Borrower. ,� , -
<br /> Y }- • Unloss tsnder am!Bortowet othervulse agree in wdtin9.insura�ce p�ace�d����be aflpile0 to restotet(on or repair ot'
<br /> } Y �t ' t�e ptoperty pemage4,provlded sucfti restatatfon or cepair is ecanomicalty fessibte and the securitl/of thts Oeed M Tnist is ., �,,,�,
<br /> �.: � <_ =r. �S-, � e-
<br /> � � ���py�p�ir�a, 1f sud►testoration ct teDe����economicatly teasibte or if theseCUtity of thia DeeO of Ttust wautd -, ,�,,,,��
<br /> be impa i[�,t h e i r r�a a n c e p ro o e e Q s�a 0 b e a p P R e O t o t h e s u m s s e a r e 0�y t h L s DseO ot Trust,wiM the eu�se,tf anY.Oaid � � �
<br /> � r�:� to Borrower. li tfie Vrppe�ty ls abanQoned bY Barrawet,oi it Bar�owet tails to�sport0 to Lender w�t h f n 3 0 d s i t o m t 1 t e , �
<br /> , �a t e n o t 1 c e i s m a a e d b V�e a d e r t the��arrrcs Pro�ceed�s at L�en Qe ra op ion e t t�t h e to re s W r�a t i n n or�re 0 a i�o f d B�P r a p e r t i l�o r � �•. , ,.�
<br /> � ,. i S B U m O t i 2 2 4 L O C O N B L K 8 l i d 8 D p�1 1 .,-
<br /> � � to the sums seaured by thia Oeed of Tnist. ����
<br /> l - ��,� 6y UNesa LenQer anQ Bonower oMerwise agree in wniting,entl such appiicetlon of roceeds to piMciAal sha0 not extend � : ���.�_
<br /> ereof or cha
<br /> .,: ,;` a t p�n�t A e Q u e date o1 the manthql b�taltments reterred to in paragraph9l and 2 nge the amaunt o!such .�r
<br /> � s Q' t. instelUnents, ti emder paragreDh 18 hereof the Pro�ertY is ecquired by LenQer,a!I rigbt.tltte a n A i n t e t e�o t B o n o w e r in anA re
<br /> to any insutar►ee Qa�fies enA 1n and to the proceeda thereot resuhing bom d8mage to the Piropertl►pdo�to the sete ot �, � .. .r ,,
<br /> ' ;>,; �. aeqWslNon shafl pasg[o Lender to the e�cteM M the suma secureA by this Deed of Tn�st immediatety Odor to such�te or `f�
<br /> t � �:
<br /> , � � `' ��. 9�8��v a 8�a i b M e b ro m�a n c e o f P r o p e n y:L e a s e t i o t 4 s:C a n d o m U�t u m s:�ed Untt Oevetoymerne. Borrower stsatt ,,�
<br /> t ' .r� . keep the pmperty in gaod repair end sha0 not commit weste ar petmit impairment of detedoration of t he P i rape rt y an d s�a t l
<br /> : L._� c o mp ty w l t h t h e D r o v i s i o n 9 o f a r ry t e a s e if thia Deed ot Trust is cn a Ieasehot0. ft this OeeO ot Ttust i9 un a unit in a F,'�: '
<br /> �onQaminwm m a ptanned unit devetoDment.Bonower shall pe Aorm a i l o f B onow e r a o b l i g a t i o n s u n Q e r t h e d e e l a r e t i o n a r x
<br /> �� "" covenants creating or goveming the condomtnium or pfanned unit devetopment, the bV-laws and regutations ot the
<br /> " r condomb�m orp�r�d unit deve�opment.e���em dacuments. tt a condominium or pfanne0 unit devetopmern dder ��
<br /> � ` . ��'� is executed by Borrowar and�ecorded togetRer wnh this Deed ot T�ust,the eovenants end agreements ot suct�ridar st�efl �� :
<br /> � _ �irx�r����d into snd sha11 emeru��A suAplemem the covenaem aM e9�eements of thla DeeQ uf Trust es if the rider wero ..."
<br /> , � � .
<br /> a peR ti'Borrov+re�taffs�to�erIom�the Covenanta ane agreements contained in this Qe�d ' r
<br /> . , 7. Protee@m�ot leniters 88cu�ya' �;�
<br /> _.,i;� 01 Tnist or i!any action or proceeding is commenced whlch materiailY afteeta LenQer's Tnterest in the PropeRY,inctuQing , y �`.
<br /> ` ' hut not I�mited to,eminent domain,insotvency,code enforcement,or arrangements or proceedingsd�shuise such sur sAenO � '
<br /> k` decederit,tnen LenC�at LerMe�s optlon,epon natice to 8ortower,may make such appearancas,
<br /> e t �,,.. �
<br /> � �:•;•• take sucb action as is necess9N to protect LenQe�s lnterest,ineluding,but noi Iimite0 to,disbursement o!reasonabte
<br /> . ., a��y$tp,�q e��n�r y�pon the gip to mak�repsira. tt Lender required mortgage insurance as e conQitiun ot maring
<br /> - .'��}' ���:' •. the taen sea�red by the Ceed ef� Bonower shail pay the premloms reQulre4 to maintain sucb tnsuraace 9n e t f e c t un t i l :. :..,i,.-. ,
<br /> ' such time as th9�eq�dreme�d for�r.h��uurence terminatea in accorAance with Bonowera an0 Lender's written 8greement .:
<br /> �u
<br /> '' ' ,f or appUcabte faw. Bonower sha51 pay the emount o! atl moRgage insurance premiums in the menne�provi�e0 unQer ,. ,
<br /> { paregraQb 2 hereot. �°: ` ; , `
<br /> A � .
<br /> Arty amwMa Eisbursed by Lender pursuent to thia paragraph 7, whh i�terest thereon, shatl bec�me addltlona
<br /> � inQebteQrtess of Borrower seaneo bY this Oeed of Tnui. Untess Borcower an0�enAer agrea to other tertns ot payment,sucA ;
<br /> amounts shatl be payabte upon notice from Lender io 8orrower requesting payment hereot,and sha11 bear interest}ir�itereset �"
<br /> . date oi disbursemert et the*ete OaYeble tram time to time on autstandirs8 p►inc�P81 under the Nae unless Daym _
<br /> _ .,:, '�� ': et such rete would be contrart►to eppIiceble law,in which event such amourtte shau bear iMerest at tAe hlghest rate �:T`, , .
<br /> _ , permissibte unQet appficebte law. Nothing contalned in this paragraph 7 shatl require Lender to incur anY exAense o►teke :;
<br /> :�,°: .:•.. `.:. . anyacNanheteunder. ., .
<br /> �,,;; •:. .. . :_ ., 8, p,�p�i�n, L en Qer may m a k e a r c e u s e t o be made reasonab►e entries upon and inspectlons ot the Property,provided ; ;
<br /> '�°. �••• � that LenQer sAall give 6orrower notice prior to arry suct�inspection specitying reasonebie c8use the�efore related to Len Qe�s :.``S. ' ,
<br /> * � irrterest in the P�operty. � ••
<br /> .___ , . 9, Cmt�¢rtutatton. TAe proeeeds ot any award or claim tor damagea.direct or conseQue M ia l,in conn e c ti o n w i t h a r ry
<br /> ` '�. and s�ha1�l be 0 ia dto LenCe�����pe�,or part thereof,or for conveyance 1n lieu of condemnation,are hereby assigned
<br /> - �
<br />_ :!' .�, . .. ''� cc�oaa re�sst 2 .
<br /> <;r�� ..� . �
<br /> -::.:;-:- . _ : _ -� � .,—_,
<br /> ,..,,.. • � .. ,,.. . ...
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