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863-- 100887
<br />L ;ylieMm cai villtirs Borrower a-:d Lender cvVrnani and agree as 10110"'s
<br />1. Payaaene of nbitrJ'N and laterest. Borrower shall promptly pay when due the principal of and inirre.i
<br />- ndebirdness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />On an Future .Advances secured by this feed of Trim
<br />11ti nit hr Tustin and Iaaassse. Subject to applicable law or to a written waiver by Lender. Borrower shall pav
<br />ton f ender on the day monthly instaltments of principal and interest are payable under the Note, until the Note is pant m. fill!
<br />a sum iberem "Furds "1 equal to one twelfth Of the yearly lases and assessments which may attain pnonty ,.ve! l!:"
<br />Deed of Trust, and ground rents on the Property, if any, plus one twelfth of yearly premium installments for hazard insuranr.
<br />plus one twelfth of yearly premium instalEtnents for mortgage insurance. if any_ all as reasonably estimated initially and f!,Ani
<br />rime to time by Leader on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an tMtilution the deposits or accounts of which are insured or guaranteed h} a l elk•: at ,•n
<br />state agetcv (including Lender if Lender is such an institutioftl Lender shall apply the Funds to pay said taxes, assessmentl .
<br />insurance premiums Wild ground tents. Leader may not charge for so holding and applying the Funds, anatyzmg said accooni
<br />or verifying and coating said assns tents and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree to writing at the time of execution Of III,,
<br />Deed of Trust that intent on the Funds shall be paid to Borrower, and unless such agreement is made Or applicable law
<br />requires such interest lobe paid. Lender shalt not be required to pay Borrower any, interest or earrings on the Funds 1 endci
<br />shalt give to Borrower, without charge, an annual accounting of the Funds slit -init credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds att pledged as additional socunty for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds rag ahie pnc•r
<br />the due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said iaxrs
<br />asxssments. insurance premiums and ground rents as they fall due. such excess shalt be, at Borrowers Option cithei
<br />Promptly repaid to Borrower or credited to Borrower on monthly installments Of Funds if the amount Of the Fiind
<br />"rid by 1_ender than not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date mace is made;,
<br />in- Lender to borrower reilwitnag payment thereof.
<br />Upon payment in full of all starts secured by' this Deed of Trust, Lender shall promptly refund 1, Borrower any Ftmt)s
<br />held by Lrnder If tinder paragraph 1g hereof the Propeny is sold or the Properiv is othetuiw acquired by Lender 1 rndrt
<br />shall apply. no later than immediately prior rr the sale of the Property or its acquivtion by Lender, any Fonds hci,f M
<br />I ender at the time of application as a credit against the sums secured by this [iced of Trust
<br />3. A„Nirs"n of Paytre M Unless applicable sow provides otherwise. all pacmrnts resented by lends, .a J, - •h•
<br />Note and paragraphs 1 and 2 hereof shall be applied M t.endei first in palmtnt of amounts payable to Lender liv Holt 'we'
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the pimcipai of the Note and then to in rrrsl ani!
<br />Panel at or any Future Advances
<br />i. CkarRes; List. $orrnwti shalt pas all ,axes, assessments ana other charges fires and tmposrtton, a.'.,hu! ;,h':•
<br />the Property which may attain a priM:n as
<br />Over this Deed of Trust, and leasehold payments Or ground trntr. ?f any in the
<br />manner provided under paralctaph '_ hereof or. if nor paid in such manner, by Borrower making payment when due d,lvc!',
<br />rO the payee thereof. Borrower shaft promptly furmsh to I ender all nottces of amotmts doe under :lilt paragraph. and m the
<br />c,ens Borrower :hail make payment duc;ih. Borrower shall promptly furnish to [.ender receipts evidencing such pavmc -a!•
<br />B•a,rower shall promptly discharge am hen which has pnnruv over this Decd of ,rust, p7o, tded. that Borrt,wrt .hail n:,! „'
<br />requited to discharge any such hen so long ac Borrower shall agree to wrinnp to the a+mer.t of the ohhpauor,
<br />such iien in a manner acceptable r? t ender. or shall in good faith conics, . such lien by o! defend enfmt rmrw ,,f
<br />;'pa? reicr -dings which operate to present the enforcement of the lien or iorfenure :•f the Properiv or ant r+arl fl,.
<br />Hstaard InsnrtaInsurance. Borrower shall keep the Improvements now existing of hereafter erected on the Proneit+ ?ri -T -1
<br />aga,nsi loss by fire- hazards included wrthir the term "extended c werage and tich other hazards as I ender may •rq....
<br />and to such amounts and for such pertods as I ender mss require: provided. that I endet shall not require that ih,
<br />•, ch coverage exceed that amount Of coverage reou,;ed it, pav the sums se,ured b% this Deed of ZrW 1
<br />The insurance carrier providing the untorance :hail he chosen by ROrrt,wer nibfcc! to apprn, a! hs
<br />that such approval shatl no! he• ,irreasonal lv withheld M! premiums On insurance rlicle. sha!! he paid to 'he ^:anne-
<br />provided under paragraph : hereet Or. If not paid In such manner, !.N Rortower •Waking pa \mrni when title .i:rrt ?!, t, Inc
<br />Insurance carver
<br />At[ : nsurance policies and renewals tkerenf shall he to loan acre Ptab!c :r t ender and shat! mcludc a slandrti m „ngapr
<br />'.arse in lava! of and in form accrplahic to Lender I endci shall ha,r the right to hold the pohc ?n and iencwk lhncof
<br />and Bnrrowet shall promptly furnish to Lender all icnewal nottcrs and ?N icccipts of Pali! premiums In ncc
<br />Rcrrower shall Rlve prOmPt notice to the lnsur.nce earner and I endci 1 cr.det etas make proof of loss if not m-ide p•••m ^I i'•
<br />ii, Borrower
<br />Units, i ender and Harrower otherwise ag:ec in -uttig :rlcr?ranct Prig reds shall he applied !n tc.u,lauon <,; ;c; :rr 0.
<br />:he Prnperts damaged. provided such rcetoralion of IcPau t, c,,onomtcalk tcasrhie and the teem!} �! thn Dr-1 ,•! 1 rust ..
<br />nor therebq impaired. If such restoration or reps„ is nor r,onomicalh tcas,t+le or it the xcul ty of this Used n1 I i.�- w.,� !•!
<br />he ?mpa,red, the insurance proceeds shall be applied It, the stems secured by ,his feed of Trust, with the ex_c s .I a:,.. ;
<br />RartRwer If the Propertt is abandoned by Borr, we. r., if Rorrewer fair. To iespend to I. ender wtthm x(? dass !m ?.
<br />date noi:,r „ matted by Lender to Bui! , wei that the insurancr carrier ofFcrs it, settle a ,,aim for msnrance betted•, I r:.!r-
<br />authorized t.a collect and apply the Insurance piocetdv at I ender s apiion etcher to restoration or repair „ Pi.,pcn,
<br />!o it sums secured try this Lkcd of Tract
<br />1_'ntess lender a.nd Borrower otherwnc 4!ive In wr?I,ng, an, su,n appiicattOn r,f proceeds to principal shall nI:I eurn,i
<br />t postpone itre due date of the monthly in"ailmenis te•,ertro n, m paragraphs 1 and hereof or change• the amnunr , !
<br />,uch installments. It under paragraph i t hoc.,: the Prn>Pert+ Is acuun,d h, 1 ender, all right title and Inleti,l of li,am„cr
<br />rr
<br />and to any insurance policies and In and W, The proceeds !hereof re,ulimg !r-ii damage to the Proprrt+ vi, t Iii the .,i,
<br />•,! acqu,s,!ion shaft pass to Lender to the extent of the sums secured t,, lh,s lerd ra t rut! +mmedtaicly pr,.„ I., such . lt, „r
<br />a,juta,•Ion
<br />6. Preserystd, and MWlenaace of Properly; 1. %ttbolds: Condominiums: Planned t'nh Developments. B in - +( .
<br />seer he Propenv in root1 repair and shalt not ...mil -ante nt.n,i! imr:urmenl nr dcte +.o!at u,n :,f the
<br />.:•r., shall compN with the pro, »ions of any lease if lh,, ne ^_t! of l rust iron a lea•.chold It th ?s Dred r,f l tust ,s on a
<br />ndomitt,um or a planned unit dcve ?opmeni. Borrower shall petJor all o! Borrowers ohl,gauom under !hr dent
<br />co,cnanis creating or gnserning the condominium or planned milt delelopmen!. the by -taws and :egula?",ns „i the
<br />cendnmm•um nr planned unit development. and eons!uuen' dcrcumrn!s if a condomwunr or planned unn de +el,•rTr, ,I
<br />,,'rt s rxeculed by Borrower and recorded together with :his feed of bust. the covenants and agreements •! vuch :t'1t-'
<br />sha:i fY incorporated into and shall amend and supplement the co+•enan!s anti agreements of this Deed of 1 riw ,a ,f I oils•
<br />wc•e a tart hereof ,
<br />I. Protection of Lenders Seeariiy. If Borrower falls to perform the ,n,enants and agreement, trn!a,ncd ?I
<br />)ecd of lrtni, or if any action or rrocredmg it commenced which matenalh affects Lender's interest ,n the Prrpc,ls
<br />;uding. but not limited to. eminent domain. msutvenn. code enforcement rr arrangements or procerdrngs In-1 -9
<br />a ^k.rupl Or decedent then Lender at 1 enders oporn, u;ton notice to Borrower rna, make such appearancrs dtshurse s L.
<br />and r such act:: as ;s nerrs,ar rrrtr.-! i rndet , tmerevi. ,nJtjJ:ng, but not fimnled to dnhu.sc r:,rn,
<br />•esv+nahle aai'rnry s fm and entry upon the Irropen; !.• make irp.wt. if Linder requned nrartgape s ,t.i• ...
<br />it d!1 tan of inak, ng the roar sr -_urec b, Ih.t ,teed :•f Iruv Br,r, row r, ,i,: -a the premiums require:'• ”
<br />in.. -fleci ernti' such time r, :lie ren"rn, I•-, h Iesu•,ni r Ic? ,ales •n a:cordancf wllh R,
<br />rode t wr.lteri aitteernrfit or applicable :aw B•,rtrMer $hail p.a, the amoorl mortgage Ins,iiantc raim,um. •' '
<br />inne• : ••ded under paragraph 2 hr,eof staj
<br />A. a•rir•.:n^t ,iisht,•sed '", 1 codef p'sntta r nh:_ z•agranf• ,•h .lei a• i?e.t- ep �e t t 1d
<br />r c Rm wen stc•I ea -, 'h I I tree c•f 1 t ! qtr , Barr wrr 'no I O, s tr •'!hc .'v
<br />.tea tie pa%ahte u—, rv'!-te ' .. , endue B• ^• t. c,tue nV ? - _. ,heir f ed sY ',e:r
<br />a I si rxe rtye n! is the ratr Prv'atvtr 1 , n rim t I n r , n ill L, ! p ode .tie t e ,
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