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<br /> c ,, .; ,� �_�, UN�FppiV1 COVENAMTS. Borrower and Lender covenant and agtee as fottows: 4 � ; ' t t.;
<br /> F , : �. .',` 1. pgy�nm►t of Wiadp ai snd UKHSest. 8orrower shell prompUy D8y when due the principal of and irrterest on t!►e = ; � u . c �:.
<br /> 4 indebt�evidec�ced bV me Nate.D�ePayment and tate charges as Drovided in the Notet and the pnnciPai of and interest r.` } y J�J
<br /> • `� ` on any Fut�ne Advances secured by the Deed of Tnist. .;;:� . . .�:�`,:, _
<br /> ``�,r�' $. F�mds tor Te�an d G�s u t e n c e. S u b e c t t o e Ap t i c a D l a l aw or to a written waivet by Lender.8ortower s h a l 1 P aY t o , ,,,�<<``. .-�.. �_
<br /> ;r Lender on ihe dey mon�{y insta(finents of p�cipat an d inte�est are L►aYabie under tt►e Hote.antii t t i e No te is p e i d i n t u p,e 1 !� ,F J ��i
<br /> sum O�erein'FunQs'!e4 ivai to one-tweiith of tAe yea�tY tanes�nC essessmer�ts which may attain priority over this Oeed of ��
<br /> o f r emium instellmeats for hamrd insurance.PNS . {
<br /> ' Trust,and g�ound rents on t he P tope r t y,i f e m/,p i u s a n e-t w e i f t h Y�Y� 4 -
<br /> - �._. une�twetith of yearty Aremium ir�itments far mortgage�m� su►ence,ii ar►y�al as reasenabty estimated initiatty an d t rom t i m e n � - t '..
<br /> ti � - to time b Lender on the basis of essessmeriis sM b�ls ead reasor�6ie estimates thereof. �
<br /> -��'"`�—�-t= The�shaR be heid in an ins[iQ�ion tl�e AeDosits_or accounts of which ara�tuds ta uara��taxea a�mei�ts. r f � � �'`
<br /> ""�""�;'t. a gets c Y tinctuding Lender if Lenaer is such an insGwuon). Lender sttat!apM1► the�unds,anatyziag said accaurtt . '"� �� �z
<br /> � t,:;�.;:,,�, n o t c h a r g e f o r s o h o i d i n g and e p p h�►9 -
<br /> } r � insuranoe Oremiums an 0 g t a m d r e r r t s. L e n d e rmay
<br /> � ' �d: a r v e r i t y i�g a n d c o m p i G n 9 s a i d a�smeMS an d b t its.untess Le�der pays Borrower mterest on t h e Wn d s an d a p p l i c a 6 t e l a w r � `y �! ':
<br /> `, � �; p�L e rt der t o make such e cha e- BoROwer a n d L e n d e r m a y a g r e e i n w r i t i n g a t t h e ti m e o f e x e c u ti o n af this DeeA of
<br /> � �r. � Tnut that iMerest an tlte Wnds sha��pai0 to Bortowet.araf unless such agreement is ma de or app fi c a bte taw r�nr�sucb �£;
<br /> 1 gwe to .� t: j ,- �
<br /> _ ;�.�- i n t e r e s t t o b e pa t d,Lender shall not be�quired to p a y Borrower arry irterest or eamings an the Fvnds. te�der shat � .
<br /> � ` F e :: g p r r o,Np,r.w i t h o u t c h a�g e,a n� a n n u a t a c c a u n t i ng�o f t�h e F u n Q s s h o w i n g cre dtts an d d e b'rt s t o t t►e F u n d s and the pu ry,ose tor �,�,fi�` �: �
<br /> � .:;�� udrich esen Qebi[m che�vr�6s was ma�s. Tl:e F:x�s s�pts�d as add'mona!secxuiN f o r Me sums s e c u r e d b Y.t h�s D e e d ,
<br /> �` `� ' of Tnist.
<br /> � �; : If the amovrt of the funds hel0 bV Lender.toge;her witt►Me tunue.monthiy insta[{ments o;FuMs R$1►able OBor to ths � r.� ' ,,�`�S ;
<br /> '� -� due dates of ta�aes,ass�ts.i�►rance P�"suns end ground rents,shatf exceed tAe amaart reRuirBd to pay said taxes. .
<br /> � F 'L ,�_.,
<br /> assessments.insurance premiu m s a n d g r o u n d r e�►t s a s t h e y f a l i d ue.such excess shafl be,at Borrower's optian,either r;��r'� � : 4�s r
<br /> � � ' =;;: pramp tryrepaid to Borrawer or credited to Bortower on mortthiy instattmer►ts of Funds. If the amaunt o f t he F u n d s h 8 1 A b Y � L ;
<br /> r r<' Lender shail not be suffiaent to pay taxes.assessments,insurence premiums artd graund reats as thel►faq due.Borrower ` . u :
<br /> ; ::; �p Dgy m��any amaurR ne�to make up tt�a detidency w+thin 30 days from Me date notice is maded by Lender � f�;• �{ �;
<br /> � � to Borrower requesting�ay ment thereof. . � T <
<br /> " ° �pon paym ent in tidl of alt�ms seaued bY this Oeed ot Trt�st.Lender shall�s o er�wise�sequired bU LendeBr yLender shaQ s r'•�` ' � � '
<br /> ° �` � bti[tender. tf underpa ragraph 78 hereof the PropertY is safd or the f'ropertY�. 'r Y� : r , � 's �
<br /> ` ` `''=�`' a D D►y,n o l a t e r t h a n l m m e d�a t e h►D�or to Me sate of the Prope�►ar its ecR�on by Lendei a�ut F+mds hetd bY Lender at L„
<br /> , ,. f ': , the t i 3.ms af appGca�n�tt against the svms se c�rt e d b y t his D e e d o f T r u s t. �
<br /> .E.-.,.::�' q�� UrJess a p 5cebte taw provldes othen.vise.afl paymants received CY Lender under the Note 4;, � -'
<br /> n�,� .�: b i e i o L e n d e r b Y 8 0 r ro W e r u n d e r - "�
<br /> .� �d p�g�h s 1 a n d 2 h e r e o f s h a H b e aDD��b Y��d e r fl rs t t n p a y m e n t o f a m o u n t s p a Y a
<br /> f T �` ' paragrapfi 2 herepf,thea ta irn�st PaYebie on the Note,then to the principal af the Note,and then to irne�e s t an d p fi�d p a f ; �_. ��-
<br /> �r � '� u�`.�,� an enV Future Advances. � ; ,• ��T
<br /> ! h a , ;�• q,, qmr�s;tderq. Bamwers shaU PaY 8U taxes assessmerrts and other charges,firtes and impositions attributabte to � -
<br /> ths PropertY whicA maY attein a prioritY over this�eed of Tcust.a�A teasehotQ paymerna m gra�n��due dii�ectlt► � ` � Y '�`;
<br /> ��� manner provided under Dara9raAh 2 hereaf ar,if not paid in such manner,6y Borrowet makipg paVm . � ���,�
<br /> �u:• �� to I.ender ail nottces o!emouMS due uneer this para9reDn.and ir�the �r
<br /> ��.�,�, to thepayee tl�reaf. Borrowet shail�romp bmist� f `;,.:,��- 3 .
<br /> ' '� t �° everrt B�rrower sha11 make OaV�t directry.BoROwe�shall promptly tumish to lender receipts eaidencing suchpaym eMS- :' ��,s,,.,-3 -.
<br /> F :t ` `��:�• B o r ro w e��a i l p ro m p t t y d s e h arg�e a r ry t ien w h i c h h a s p r i o r t t y o v e r t h i s D e e d 9f Tn�st:Provlded,tdat BoRawes shatt�ot be ,� ` : � i,
<br /> `a�;:;:•' ien so ton g -
<br /> •'s �, < r e R�i t e d t o d i s c h a r g e a t ri►�f g as Borrower shaU a� �ntewst sugc b t e c i D l r�o r d e e f�t�a b r e��s�H� j''' �
<br /> such 11en in a manner accc�tabte to lenQer,or sha0 in goad t a i t h �l� �. �'��: � �"
<br /> < -�j� m,t ceedrtgs which oD�te to prevet►t the er�foreemerrt of the liea or forfeitu�e ot the R�eRY or arry part thereuf• r Y L
<br /> �'. t-;. _ ��6�rt�oa, Bprrouuer shatl keeP tha improvements nowr existing or hereaftei erect�an the PraDeRy iasured ,'�: � � �
<br /> • :.,`�.' a g a m s t toss by tire,hasards included withln tde tetm'exeenQed caverage'.and suct�other hazards es L,er�Qet mal/�uire ` _ � .
<br /> , and in su d�smwRts a M tor s u c h p e t i o d s a s L e n d e r m a y t e W i re;p ro v i Q e O,t h a t L e n d ar shall not�e�uIre that the amount of = �,�,.�� �? ;
<br /> �w�� � - s u c h e a v e r a g e e�c c e e d t h a t emaurt of coverage required to P81►mB sums secured by this Oeed o f 7rust- — :�
<br /> 'i r%"�;� Thia ir�vrance ce rt ie�P��9����s�f l b e c h o s e+�b y B o rt o w e r s u 6 f e c t t o a��r o v a l b y l e n d e r:D r o v i d e d,t h a t �; �, '�.� ,`:
<br /> .i.,y suct►approval sha l l not 6e unreaso n a b t y w i t h h e t d. A 1 1 P b Bo�owei m�akin9 DeYme n t.�en duei0 id����t��� �{; � �'
<br /> ' � �rtder pare�apA 2 hereot o�.if nOt pafid m such manner, _ , r! r,
<br /> = , � t ��u�suranoe podcies and renewaRs theteaf shall 6e In torm acceptebie to I.enQer an0 shaA ineluQa a standatd moRgage � � .�'�'„"' ��•
<br /> � �� ciause in favot of and in fatm acoeptebte to Lendet. lenAer shail have the►�ght to hoid the policies an0�enewaia dreseol. �. �` -.
<br /> ° �`` ' � and Borrower shall,prom�tly fumish to Lender ell renewal notices and ali receipts af pai0 premiums. in tha event of loss. ; .
<br /> .?,-
<br /> � :—
<br /> k-' gurruwer shali give O�om��to the(nsurance carrier snd Lendes. Lender may make praof ot loss it not made promptiy , 1 � �f,�_
<br /> _krK R .v_ y _ �.
<br /> ;� by Borrowet. � ��
<br /> �;� ,� ; ; UNess Lender and Bottower otherwise a e in writing,insurance roceeds shall be apA�ed to resto�&tion ot re� pair o! {�{��;
<br /> �p�ppp,r�y�damagea,provlQed such restora on or repair is eeonomfcel�y teasibte enA the SecuritY of thts Oeea ot Tiust is � ..,"
<br /> f . �, ` f.�. not ihereby impe�red. it suct►restoration or repair is�ot ecunomlca4lyl.teasibte ot i1 th9 seeurltY of thfis DesO of fiust wautd . ��r
<br /> m �"�'�
<br /> '; , ' ' be impaired,the ir�rance Oroceeds�att be appHed to the sums sea�sea bY th18 Deed Qt Trust,wfth the excess.(t enl/.0� . ��-�-:
<br /> � to Bonower. N the Pro erlv ia abandoned by Borrower.or if Borrower fails toSrespon0 to Lender wiMfn 30 from the `� �' , f��°,
<br /> , , pr! �
<br /> " � , :� ` date n,ptice is maaed by I.ender to Bortower that the irtsutanee earriet otfe�s to ettte a claim tor insurance t0ndsr
<br /> � � �- (s sudpprag0 tp eattect and appty the insurance proCeeds at Lenders oD�on efther to restoretioa 4t repalr ot tir�P►oDerh►m � t r:•,,,�..
<br /> �,,:;� ta tAe sums searred by this Deed ot Trust. ' ; ''`
<br /> - Untess LenQer and Borrower atherwise agree in wBting,arry sucN eDO��tie�an of roceeds to D�� 81 shail n�t extend ,'r�' r;
<br /> ereo!or cbanga e amourt ot sueA �,��
<br /> or p o s l�one the due date of dte manttdy instaltmem�refeae0 to in paragreD��and 2� � `�. .:
<br /> �� t`, �: �me�g, y u n derparagrap fi 1 8 h e r e o f t h e P r o p e r t y i s a c q u i ro d b y L e n Q e r,a l l�i g h t,t i t t e e n A i m e r e s t of 8oaower in and
<br /> ,��, ` ` � �'- to aay insurance poficles and in an0 to the proceeds thereof resutting f�om Qamage to the ProDectS►O�fl�to the sete or , '. i.�? + ,-
<br /> , �s�,' :' ` '',•a, acquisitton shail pass to I.en der to t he e x t e n t o f t h e s u m a s e c u r e d b y t h l s D e e d a f T ro s t immediate t V prto►w such sete or " � •�� 'g'�
<br /> . . f � -.
<br /> t t 8CG 8 iti0Pf8S8IV8dOf181d 118�11t�IC8 01 PlOp8R11'����Id9'COIidO�i W8M8A Ut11!D8V�0�149. BOffOWPd Sfi8f1 � -
<br /> ' � teep the property in gadd repair and shal nat commit waste or permit im�Ument ot deierloration o!thB PtoDeRS►and sheii �t ` _
<br /> . << , , compty with the provisions of any lease if this Deed of Trust is on a easehold. If this Deed of Trust i9 on a unit in a ; :n
<br /> �=T r ~ � candom�nium or e ptanned u�tt davelopmsrtl.Boaower shail perform ail af Borrowel'g obtigations unQet the declaredon or : „ ,
<br /> ` covenants creating ar goveming the conQaminium or ptanned unit devetoDment, the by-taws en0 �egulaUons ot the �r
<br /> '1 f { ,! � �a�un ar���mit deve(apment,and canstidcent daeumema. H a conQamiNum or plarmed un�devetopmem dder - , ' : �•
<br /> f — is execuCe�by o$ rrower and recorQed together with phis DeBd ot tn�st,the cavenants enda�reements of sucb�ider shall
<br /> ��• ` •'�'�:'_�� be inca�porated tnto artd sha0 amen0 and svAAt�nmtt the oov�rame and agreements at this Oeed o!Tiust as it tAe rider wera . ,T A .
<br /> e part hereot. r�� �
<br /> ` �, prot�ot LenBer's gec�ity. If Borrower faits to peRorm the eavenants an0 agreeneents coMained in thls Ceed r ,
<br /> °� ��� of Tn�st or if any action ot proceeding is commenced which materiaity affects Lenders Tnterest in the PrapBRV.i�cNding
<br /> ` � '"��'`"` but not I�rtuted to,eminent doma9n,insotvency,cade enforcement,ar anangementa or proceedings invotving a bankrup!or , :,•'••�'•�;_•
<br /> � � %F�`����::;i� decedertt,then Lender ai lendera option,uDon notice to Borrowe�.may make such appearenees,disburse such suma and
<br /> '��� tate sucb aCNon e9 is necesaery to protect Lende�'s interest.inctudin g,but not limited to,di9burseme�rt of re88onabte �
<br /> �� t��:°. attame}/S fee9 and enW upon the PropettY to make renairs U Lender requ ired moRgage insurance as e condition of makin� � .
<br /> '• - t h e t o a n s�d b y t h e O e e d o f T r u s t B o nower sha(t p e y Me D�emiums re QuireO to malntaln such insutance in eftect unt�
<br /> - <<: suC�Ume as th8 t�ir�e�t tor sueh�nsurance terminatea in accordance w it h Bonowe rs an d L e n d e�a w r i t t e n Bgre e m e r�t ��
<br /> , Y' ..'� . ;
<br /> �'•:�; or app 1 i c 8 0 t e I B w. B o n o w e r s h a l l O a y t t�e a m o u n t o f a i l m oR g a ge insurance premiums in the manner provided undet . .
<br /> paragraph 2 Aereot. shall become aQNHonal � �
<br /> �' Any amourns disbursed by Lender pursuaat to this paragrapb 7, with interest thereon, ` � ' � ' ; �1�:
<br /> 1n0etrtedrtess of Saaower secureA bV tlils Oeed of Tnist. Untess Bonower en0 Lender agree to other terms of payment,such , .
<br /> - — ' ' amour�s shaU be payabte upon notice from L�nde�to Bonower requesting pa em hereof,aad shati Oear interest t�om the �__� , .�, , : .
<br /> , � Y. nn�under the Note untess paymerR ot inte�est
<br /> � date o!Eisbursement et the raie paya0te from time to Hme on autstendfig p' ,
<br /> �..:., ., • et Such r�ate wautA be contrary to aD��icebte taw.in whlch event sucb amounta shall�ear interest st the highest rete ; , .,
<br /> �:�: . . ;. permissi6te under eppiieabie law. Not ing conteined in this pa�egreDA 7 shalt�equlre L�nAer to lneu�erry expense or take �, :
<br /> any acNon her�under.
<br /> � •� 8, (nsp�c�. tendet may make ot.ceuse to de maQe reasonable entdes upon an0 inspections of the Properry,proviQed
<br /> , , , that Lender shafl give Borrower�tice pnor to any such inspection specitying reasonabte cause theretore retated to len0ef's
<br /> � inierest in the Property. • .
<br /> •-- - --. s. �¢�n�. The proceeds of�rry award or ctaim tor damages.direct or conseQuentlai in connecHon with arry
<br /> � condemnallon or other takinQ of Me Property,or part thereof,or tor conveyance m iieu of conBeninet;an,ere he�'a!W as� ��
<br /> -- -' snd shall be paie to Lender. , ;
<br /> �;a.,�k., , ' ,� .' ,'= cc toa�ta�s5� 2 • ,. .
<br />- : ;�� -
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