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86 itto IUUZ06
<br />IIN110asl CovI.NANt% Bnrt.,wri :11111 1Coder : :111111.1111 and :.c1.c .,, lotiows.
<br />1. Payment of Principal and Inlerest. Botnnset shit![ ;a,•wplll pal ,het! due Ili,- iminlp,d „I ,Ind ttucli,t ,.n the
<br />r mdeb!ednc,+etldenced by the Notc. prrpaymcnr :i nl Lift: Lharec, .11 pw,;Jcd ,n Ili Note, .,fill the imm,pal ill .Wd intrrc,l
<br />11 on:w1 I ulure a.h.utic„c.utctl hl this IlrcJ,,I I list .
<br />_. Fl adii for Tax" and Insurance. Schierl to applit :d,lr lacy ur 10 a wr11ten wa vcr 1,y' Lender, Nose 1% I shall pay
<br />to I cmlci on the day numbly installmelli, of puncglal .111.1 ullcr:,! .;Ir parable I,ndt1 Ihr Nun:, 1111111 the \u1C t, p.ud nt t III.
<br />Ikcd of Trust, andllgiotind heirs on the 1 ,pCa'ri toil 1tlili, {,II11rlt 11111 ,cllth Ind Iclpnnu„lult ln,t llntent,11lotlh :ivalyd insmallct
<br />plus omrtwelfth a1 yearly prenuum installment, for nit rtgage m,ulnnct d .Illy. all .,, rcasouahly c,tiutaed ntitlally and from
<br />time to time b1' Lender on the basis of a,sc%sntcnl, and 1,111, and 1c:nonahlc e,unlale, there"'
<br />fhc funds shall he held 111 ifit 111 %tlllllioll the del"O"I, 111 . 1, .,I „1,1, 11 Ale Itl,llrid ,II L'.,1;11 :1111t'itl h \' I•Cdel:ll m
<br />%rate agency (including Icnder d Lender i, such at, in,tnuu,au I cndr. ,hall .,!,;111 111c humd, 1., par' , : +id t.1,C,..I „c%,nu•nls.
<br />If ( holdme nd 4ppiyntg the Pend,. nIa!d atsuunl
<br />nuu.nCC plrmium, nd ground rent,. Lender 'lay n
<br />of verifying and cornpdint;, kill ilssx,%mcnts and hill,, a IIC„ I : I r pa), B rn,url mlcrc,l ,al IhC fund, and apphcahlC Jaw
<br />permits I ender it, make such .I charge- Bul ll,wcl .Md I :1111 1 -"-IN r t 111 t 'fine .11 the .title 't e %ectllwl 't Ihi,
<br />hell of Trust that interC,f om t1,.• Fund, ,hall 1,c p.ud 1,I Hnrn, 111. and 11111:,, Illth agrerttl, 111 r, Made of apphcablc law'
<br />requires Such Interest t,, 1,C paid. Lender ,h.,Il nut he tc,;'med I., i,.1c Boll,ntcr .uy Illtcrc,l uI tatfnng, oi, the }-rind, t ender
<br />shall give fo Rullfnacr. wfthnut thargc .m ; ;tuual acn, :nuing I,1 the I unJ, ,holul; t .Irdu, nod .Ict,t, Ill the Fund, and the
<br />purpose for which each debit to the Funds was ']tittle, the I mid, nIr I,IcdgcJ a, atldlttonal security for the sums secured
<br />he this Deed of l rust.
<br />If the alnounl of the Fund% held by Lender, togCliler :,till the luu0r nwnthll maallnfrnu of Lnnd, pag:lhlc {vlor lit
<br />the due dates of fuses, a,u,snlCnl,, Ins!lr: rice prcnuum, .Ind }round lent,, •.11.111 r,rerd the .uuount icynu'ed m, par %aid lase,.
<br />.isscssments. insurance ptrmhitt%
<br />and ground rcnh :1, Ile) 1.111 duc ,nth cltc„ ,hall 1,c. if Hortr,ACr', opuou, either
<br />promptly repaid to Borrower or credited to BorroNel nn ']wnthl% [itsudlntctlt% of Fund%. It the :11111111111 of the Fund,
<br />held by Icnder shall not be %ullicisnl m pap lase,. as,c „Incnt,. 11 "11.utce prcnnurils and ground trots as they fail due.
<br />Borrower %hall pay 111 Lender any amount necessary h, make up the delitlrnc)' ,1111,111 ?(t d:rl, front the talc notice is nt :11led
<br />by Lender to Borrower requesting paymn11 thereof.
<br />Upon payment in full of all %rims %rimed hl lit$, DcCtl .11 l ltl•.1 I ender ,hail prl,InpUt refund to Bornnver lly Fund,
<br />held by I coder. If tinder paragraph I1 hereof fhc Properrl 1, ,old c.r Ihr llwoellj :, othcn,r,c actluired 1,1' I Crider. Lcndcr
<br />shall app }. nn I:dCf than inuncdiatCly prior Ili the ,.de of the I'r„pe11y .,r nI e L'111,ltlo;l bl I Crider. any Fttnd% held by
<br />Lender at file umc of application as a credit against file ,11111, ,000red 1,1 11111 I )cod of I rt%t
<br />3. Application of Payments. Unless applicable la„ (,tovOC, rdhl'n,nc, all parntcnl, rccc,.C,l hl Icnder under the
<br />Note and paragraphs l and 2 hCfC0I shall he applied ht 1 ruder fit 11 111 I,aynlcnl ill amount, e lmyahlc lo I ender hs Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the lim -clpal of thNoti. and then I„ interest .Ind
<br />principal on any Future Advances.
<br />4. ClotRes; Liens. Bnrrmiet ,hall pay all talc•.. :1,s.' „ulna•, and 'f icl .harps, 11110, .till' nlpo,ltiou, annhutab!C In
<br />the Property which may' attain a priority, over this Decd of "inn[, and Icau:hmlll payntcnls or ground rent,. if any, in the
<br />manner provided under paragraph 2 hereof or. it not paid 111 Inch manner. by Boirowci making p:rynlcnt, when due, dirCCIly
<br />to the payee thereof. Bcu'ruwer shall promptly (owlish to I cndcl .I!1 non x, of amounts due under this paragraph, and in the
<br />event Borrower shall make payment thieclly', Hon'ower Oail prolttpth flnnlsh lit I.Cnder leccipfs cvidrncf.1 such payments.
<br />Borrower shall promptly discharge any lien which ha,, puonls oicr Ulm, OCCJ of I io,i: pn,v,dcd. that Ihmokaci ,hall not he
<br />ieyured ill discharge any such lie long a, 1do11uwCI ,11:,11 .igtc,- ill „!itlne I„ the payntcnt 1,1 the oblie -own ccurcd h}'
<br />such hen in a manner acceptable In Lender, or sh:lil 111 good 1.1011 urfttsst %itch lien 1,y, or dilcntl C :dl,rcrntcnl of ,11th 11cn ,n.
<br />legal PPrciceedings which operate to prevent the cnforct:ntC!II ,d the hen or lurieuure of ftic PrupCtty or any pan thereat.
<br />S. Hazard insurance. Borrower shall keep the 1mplovcrnCUh nor% c,.1,u11g or hcic.dlCl ercclet! I'll the I'n,pcity insured
<br />against loss by fire, hazards imitided within the ltrnl "c,tiudi,l ..n'rta {,.: .111.1 ,u.1, otl,cl haeud, a, I Under may require
<br />and In such amounts and for such period% a% 1 antler 111:11 reyunr. ;,tor ldell Ih.,t I nIJCr ,1,.111 n,,I tCyunr that the amount ill
<br />Stich coverage exceed that amount of :oiclage Ictluncd !:, p,1. Ihr ,amt, ,,, r•ed hl Ih1, Decd oI I rl,l
<br />The insurance carrier providing the in,w.mcc ,hall he .1,1 „In hl tiunower ,uhic.t L• a %hal,.,1 I,t I cndc: piniann 1.
<br />that such approval shall not be unreasonahly withheld All premium, 1,11 1rn111.1ncc I,”
<br />provided %} :III he paid in the manner
<br />provided under paragraph 2 hereof or, If not paid nI .uch mantio. !11 Bolrowct making paytncnl. when due. directly to the
<br />insurance carrier.
<br />Ali insurance policies and renewal% fhereol ehall he ill t,'”" .,,,rplahk r• I Cndil .nod •.1,1111 ux hldr a ,tand;ud mongagr
<br />clause in favor of and in fill fit acceplahlC lit I Clll!CI I t'11de1 ,hell 1111,, Ihr rich! I,, !1„111 !tic pulls lc, ,,lid IencNai, thereof.
<br />and Borrower shall promptly' furnish to I ender .III lcnival 111111, r ..rid ,111 te,clpl, . 1 ;1.111 plrnnunt, to the Cl'enl o! loss
<br />N
<br />Borrower shall give prompt notice In file rllstlldm:l I,O]lei nn,! I I m.l:l 1 cmic1 n1.a 1nalic {,tool u! Ills, .I nor rltide pl Inpl ll
<br />by Borrower.
<br />Unless Lendcr and Borrower otherwise agtCC 111 .,rllutg ,,ul.nl.c p1 u.CCd, ,haii be .µ,piled to r,lutauon ar tCpau nt
<br />the Property' damaged. provided such re%IMaIllm .n !1:1,.111 , .,,•no!uL.Illt ia,fhle .and Ill, ,Ctunly I,I Uhl, I „I Tnlu n
<br />not inereby impaired. It wch restoration Of lepatl 1, rim rt,n1. linla!!1 Ir.nlfile .n 11 [he , . 111,1 of fill, !iced .,I iru,t would
<br />he impaired, the insurance proceeds shall he apple:! to IL•c ,om, ,r Incd he Ihr, I )rid ult I rust. tall the c,,e%,. It :illy. p:nd
<br />to Borrower. If the Property is abandoned by Bitrlowcr, ,1 11 It.n11 „ICC 1.111, n, 1r,pond 111 I ender within 10 di. %, from the
<br />date notice is mailed by Lender to Borrower that the uum.ul.c t,u Ilcr 1,ae1, Iu ,rule n 1 !.Inn (or ul,ulancc ill th h. i peri%
<br />Is authorized to collect and apply the insul:nice plotecd, .0 I cndct , 1,puon cu!ICr lit 1e%!ut.u!on 'It :ep:ur ill the Propem
<br />or to the sums secured by this Deed of Lrtl,t.
<br />Unless Lender and Borrower otherwise agree ,n w'nllnr..,nl h .1ppi1Ca11.a1 , t pro,cid, .1 r Ilia g %hat! not mil ,I
<br />or postpone the due date of the Inonfhl> insiallntenlS retched h• ill p:ua rtph, I .,rid ? hrrcnl or ch:ukgc the anwunl of
<br />such installments. If under paragraph is hercol Ilic I'ropcitt 1, .I,Jul[cd l,� I rndCi, .,if 11gh1. title .fnd interest of Borrower
<br />in and to any insurance policies and fit and to the proceed, thercoi resu11u,g rtonl damage to the Propo'fy pilot to the laic
<br />or acquisition shall pass to Lender to the extent o1 the sums S"LIICd b) this Deed of I rust I n ticdntely prior u, such ,:de of
<br />acquisition.
<br />f. Preservaiden mod Maintenance of Property; I.l ascnrtddh: Condominiums; Planned Unit Developments.
<br />.I Ili Bonowcl
<br />shall keep the Property fit gootl repair and shall not tunumt wash nI pCUn11 inlp.ulufenl ,1 .ietenutauol; nt the Propcn-
<br />and shall comply with the provisions of any lease d this Deed of Tilts' n In a leasehold 11 t1,,% Decd of 1 111-1 n on aunt 111 a
<br />condominium or a planned unit development. Botrbwcl shall pcilo,In all of Borrower\ ohllgau,a% under the declaration
<br />or covenants creating or governing the condommrunl or plumed un0 development, the b0aw's and reglihilO ' mi the
<br />condominium or planned unit development, and 'onstrtucnf document, 11 a 'ondonitun0n DI planned unit development
<br />rider is executed by Borrower and recorded together with this Decd of 1 rust. the covenants and agleculent, of %itch rtdcl
<br />shall he incorporated into and shall aniend and %upplcnlcnl file C'vrn;uft, .fnd ilglcenlcots of tills Decd of 1 ru +l as if the doer
<br />were a pan hereof.
<br />7. lralselisrt of Ixttier's finurity. if HolimAer fall, fo perlorm file Cutenanh and agreement, eonlamed ill till%
<br />Dead of Trust, or if any action or proceeding is contrncnccd which inalviiall) elllecls I.l'11d1•1” nt(erest 01 the Property,
<br />inchiding. but not limited lo, eminent domain, insolvency. code ertltn'CCrttelt 1, or arrangemenis or proceedings 111- 1.',n9 it
<br />bankrupt or decedent. then Lender at lender's option, upon nolite to Boat +wcr, Ina) make such appearmtC%, duhul,C such
<br />suns and take such action as is necessary to protect I.enJer's tiered, utcludrltg, Ism nut 1111n1ed to. dnhuncn,cnl of
<br />reasonable allorney's fees and entry upon the Propene lit make rcp :ill, If Lcndcr lcttu11cd inn Fagc ii,tir,ime a, :1
<br />condition of making the loan secured by this Deed of 'Trust, Borrowcl 01.111 ;,;n It)(' prCnmunr, Icµuncd III n,,ittia n such
<br />Irourance in effect until such lime as Ilse re0li'cinc111 I'll ,11th uuuraoltr '. 1.... with 11o11ower , .,nd
<br />Lender's written agreement or apphcablc law Honour( %11all pal the .111 I,n1 ill .,II uulrfrnt!e n,ur,unc 111emmm, 111 the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lcndcr pursuanl u- Ihr, palagt,ph 7 with n!c1t ^,t 111 ^r.•n ,1,.111 I,rt.,n,e addlln,n.11
<br />rrulebicdness of Borrower sec y :ured I, fhl% Decd +•1 I rt1,1 1 1111„ Honmwcl and 1 indei .'glee Io nI t 1r; m, ill payment. '110i
<br />amounts shall he payable upon noht,c icon I e•mdcl b, ti"nuwcl Ieuuc,!1ng ;, :.t!ut,ll Ihcm,d .,rid .h.dl hem lnlcrt•,I 11 "m !hr
<br />date Of Qishrrsorment at t►te rate payable Irum tittle L, umc 'n M01110nthntr f,I n,. x.;,.11 u,.dc, h, ',,,IC i"'h'„ ;,alinenf 1,1 Ir•1el<%;
<br />:it well rate wlrtill be cootlary lit applicable raw In which cteml , 'h env ...r. ,h•0 1+,•a, 111 we,1 .11 fhc h,i;lle,t rim
<br />perrmisii►te Wader apphcablc caw Nt0f11111; :'mulled I 1 till, 1; tun. 11.ndei ntur 1111 ctpVIIw a lake
<br />..ny action hereunder
<br />N. ("W41114116. Twill alas rn:d, of Mara III I,t medc I. ,
<br />=hat I "Ialek ,hall give H,.; 111Wrf nmuc 111"'1 Q, 111•- ,,1.1, n, {..t, ,.. t , ,: ' I ., •nai.l 0, i1.,1c11 I ! , •t i
<br />.merest m the Prm cal.
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